Includes limitations and recommendations for further research Essay

The Chinese banking industry has a prime role to finance the growth of China by adapting global best practices. Banks as HSBC are financing the growth across a wide swathe of people, businesses and nations. The Chinese Banking industry is rapidly adapting to the international financial mechanisms, adopting the best practices of many banking activities such as internet and mobile banking, increased customer focus and bundling of services. Bank of China is providing a high level of service to its customers, which has been so accepted by two thirds of the populace that it has served. However there are number of areas in which there is scope for efficiency and better customer service where low scores in some case of a mere 30 % plus have been indicated which should be a cause of concern for the management and specific areas as indicated by the research need to be addressed. The Bank of China will have to invest greater technological as well as management resources in enhancing its internet banking model to satisfy the customers, provide timely and efficient services. Since large quanta of customers are likely to use the internet in the future, investment in this critical resource will prove to be greatly beneficial to banks. HSBC on the other hand has provided a good model of internet banking which other banks could well emulate. The trend is also to induce customers to go on line and use the communication enabled services on offer including mobile and internet banking. A key facet which is noticeable in HSBCs services is bundling of personal services with travel insurance, travel money and even airport parking all into one large group and providing discounts on all three to varying degrees thereby adding to the convenience of the customer as well as enabling the bank to easily service him. China’s banking sector is set to see two major challenges which will be faced by banks as BOC. The first which would be obvious from the study is the threat of foreign banks such as HSBC which having a better experience of providing customer friendly services and with an ability to introduce innovative products which will be able to attract a large portion of the high value and business clientele in the country. (BOC Global Offering, 2006). This is likely to see greater increase with China’s accession to the WTO. In the beginning of 2007, foreign banks would be conducting commercial banking in foreign currency as well as Renminbi without any limitations of locations. (BOC Global Offering, 2006). The Chinese government is also encouraging the entry of foreign participation in the finance sector, particularly related to automobile financing and also in reform and restructuring of the financial institutions. (BOC Global Offering, 2006). The other challenge identified is the demand for high value products which can enable growth of economy as well as reduce the risk such as investment banking and insurance. The need will also be felt for products relating to asset management. These could also extend support for underwriting during mergers and acquisitions and financing and securitization of projects. (BOC Global Offering, 2006). However as a competitive business entity, HSBC is focusing on the perceived growth areas such as credit cards and it is said to be teaming up with the Chinese Bank of Communications to provide credit cards to the large majority of Chinese who do not own one thereby creating vast business opportunities. (Schuman, 2006). The Bank of China could exploit such a strategy while at the same time fulfilling its social obligations in personal banking for the less privileged. A survey of the issues covered in the research will indicate that the lead banks of China are well set to undertake this challenging task of providing services of a global standard. An increased interaction with global banks as HSBC will prove beneficial for BOC to attain its ends as stated in its vision of a, â€Å"Market-driven, Client-oriented, World-class Financial services institution, a robust corporate governance structure, capable of delivering outstanding performance over a long term. † (About Bank of China,. 2006). There were a number of limitations during this research; first of all, the number of respondents to questionnaires is limited, because it is difficult to collect information from large number of consumers due to constraints of time and resources. Secondly the subject being of a contemporary nature the response of the bank staff is restricted to the stated company policy. As also there is limited research material in terms of reference books on the specific subject, thus there has to be reliance on sources provided by the two banks as well as journals and the internet. This limitation might induce some error in the research, however the researcher insisted on a precise approach, therefore the results of research are reliable. The Chinese banking industry provides a number of areas for further research. Detailed research can be undertaken on the impact of WTO on Chinese banking industry. In addition research on the role of the central bank in China in supporting financial autonomy and greater growth can also be undertaken. Adoption of best practices by other state banks of China could also be another area of study. References 1. About Bank of China. 2006. http://www. bank-of-china. com/en/common/third. jsp? category=ROOT%3Een%3EInformation+Center%3EAbout+BOC%3EAbout+Bank+of+China. ( 22 August 2006). 2. Agent. 2006. http://www. bank-of-china. com/en/common/third. jsp? category=ROOT%3Een%3ECorporate+Banking%3EOther+Services+in+Money+Management%3EAgent+Bank+Business. (23 August 2006). 3. Assurance. 2006. http://www. hsbc.co. uk/1/2/business/insurance. (26 August 2006). 4. Bancassurance, 2006. http://www. bank-of-china. com/en/common/third. jsp? category=1099361248100. (23 August 2006). 5. BOC Global Offering. 2006. 202. 66. 146. 82/listco/hk/boc/prospectus/pro060518. pdf . (26 August 2006). 6. BOCI. 2006. http://www. bank-of-china. com/en/common/third. jsp? category=1099540300100. (25 August 2006). Cantrell, D. C. (n. d. )) Alternative paradigms in environmental education research: The interpretive perspective.

Children’s Functional Health Pattern Assessment Essay

The U.S. health care delivery system has gone through enormous and transformational changes in the past two decades. The traditional hospital-centered health care delivery is no longer able to support the expanded demands of health care services, especially outside hospitals. In the same token, the traditional role of a nurse as bedside direct caregiver is insufficient to meet the accelerating needs of nurses in other areas, such as health promotion and disease prevention, case management, leadership and research. As a result of that, preparation of the entry-level of professional nurses requires a broader competencies so that nurses are educationally prepared to function with more independence in delivering diversified care. The American Association of Colleges of Nursing (AACN) recognized the Bachelor of Science degree in nursing as the minimum educational requirement for professional nursing practice (AACN, 2000). There are significant differences between associate degree nursing programs and baccalaureate degree nursing programs. The baccalaureate program not only include all of curriculum in the associate degree programs, but also provides in-depth study in physical and social sciences, nursing research, leadership and management, community and public health nursing, patient education, and the humanities (Johnston, 2009). The broader and more in-depth education enhance professional development and critical thinking. The baccalaureate graduate is prepared to better understand many issues in culture, society, economy and politics. Such skills are essential for today’s nursing professionals. In clinical practice, associate degree nurses provide bedside care in less complex situation while baccalaureate degree nurses design and manage a comprehensive plan of care. They understand more in patient’s signs and symptoms, supervise other nursing personnel, support staff, and guide patients through the complicated health care resources in a community, and educate patients on health care options and advanced directives . Over the past several years, researchers and policymakers have identified that educational preparation does make a huge difference in how nurses practice. Johnson’s (1988) meta-analysis indicated that there were  significant differences between professional (baccalaureate degree) and technical (associate degree and diploma) nurses on measures of nurse performance. Measures included communication skills, knowledge, problem-solving, and professional role. Pardue (1987) investigated the differences in critical thinking ability and decision-making skills among 121 associate degree, diploma, baccalaureate, and master’s prepared nurses. Results indicated that nurses with master’s and baccalaureate degrees had the highest scores in critical thinking ability. In my hospital the ICU nurses are BSN’s, and they are responsible for patient education in addition to providing bedside care. An example of a patient care situation that was positively affected by having a BSN nurse available, recently occurred at the department where I work. A 37 year-old lady who is a post-liver transplant patient was admitted to the ICU for organ rejection and severe anemia. The medication compliance issue was brought up by the resident doctors. The ICU nurse provided medication reconciliation and discovered that patient often missed Prednisone. The nurse therefore spent more time on educating post-transplant immunosuppressant medications and reinforcing the importance to be compliant with medication regimen. The patient finally confessed that Prednisone made her gain lots of weight, which was the main reason why she did not take this medication. The nurse researched clinical evidence based on patient’s primary diagnosis and corresponded medical treatment options. She realized that patient has a diagnosis of recurrent autoimmune hepatitis and Prednisone is one of medications that treat autoimmune disease. The ICU nurse called out a meeting with the multidisciplinary team included the transplant social worker, pharmacist, nutritionist, nurse practitioners and surgeons. Patient and her care giver husband were also invited to the discussion of the plan for her care. Because of the shared decision making, the transplant team agreed to lower her Prednisone dose to the minimum and add a small dose of diuretic to avoid water retention caused by Prednisone. Through social worker’s help, patient agreed to take Prednisone every day and her husband promised to remind her to take the medication. Nutritionist provided consultation in fluid and salt restriction. This example demonstrated that the baccalaureate degree nurse was well prepared to understand the pathophysiology and disease process. She conducted research study and obtained the best available evidence in reference to patient’s care. Finally she used her coordination and collaboration skills and gathered a meeting of the multidisciplinary team and patient’s family. She also demonstrated a strong leadership skill in case management. She placed patient at the center of the care and approached to a shared decision-making. Without any doubt, her performance is a result of the educational preparation she received from the baccalaureate nursing program. If this case was handled by an associated degree nurse, her educational skill sets might not have prepare her to fulfill the task. References ————————————————- American Association of College of Nursing (2000). The baccalaureate degree in nursing as minimal preparation for professional practice. Retrieved from http://www.aacn.nche.edu/publications/position/bacc-degree-prep ————————————————- Johnson, J. H. (1988). Differences in the performance of baccalaureate, associate degree, and diploma nurses: A meta-analysis. Research in Nursing & Health, 11, 183 – 197. DOI: 10.1002/nur.4770110307 ————————————————- Johnston, K. A. (2009). The importance of the baccalaureate degree in nursing education. Retrieved from http://www.peoriamagazines.com/ibi/2009/apr/importance-baccalaureate-degree-nursing-education ————————————————- Pardue, S. F. (1987). Decision-making skills and critical thinking ability among associate degree, diploma, baccalaureate, and master’s-prepared nurses. Journal of Nursing Education, 26, 354-61.

Eassy Essay Example | Topics and Well Written Essays - 750 words - 1

Eassy - Essay Example This essay will touch on the key steps involved in the academic writing process, all of which should have critical thinking intertwined with them. The three parts of the pre-writing stage are choosing a topic, gathering ideas, and organizing data. These steps help the writer to become focused on the topic so the paper does not end up rambling on. Overall, pre-writing can be one of the most important stages of the writing process. If one does not organize data and work out a plan of action to complete the writing process, the paper may turn out unsuccessful. The first stage in the academic writing process is to critically analyze the topic. However, choosing a topic must come before this step. The writer should decide on a topic and choose how the topic shall be researched. Next, it is important to gather ideas. Gathering ideas is very important, as this is a part of the pre writing stage. During this stage, it is also important to organize data. Once the pre-writing stage is complete, the writer can begin to draft a rough copy. While drafting a rough copy, the writer will be able to critically analyze all of the researched data and put ideas into words. During this rough draft process, the paper begins to take shape as sentences are formed into paragraphs. The importance of this stage is critical because this is the basis for the entire paper. The rough copy needs to be written in three steps. These steps are important to the paper, as they allow for the paper to be properly developed. The first step is to create an opening paragraph. The opening paragraph allows the reader to become hooked on what the paper is about. The thesis of the paper is also mentioned here. In this opening paragraph, it is wise to entice the reader with information on the topic that will leave the reader wanting to know more. The body of the paper is the second step in

Conclusion to cctp Essay Example | Topics and Well Written Essays - 250 words

Conclusion to cctp - Essay Example This plan also seeks to give all students technological instructions, as well as hands on material, for their future. Additionally, this technology plan will also educate the community, parents, and teachers to prepare them for the future with innovative skills that aid them to collaborate and have success in an evolving world. The CCTP system is dedicated to achieving education at a higher level through increasing access to technology for teachers and students. Through, drafting both technological and district plans, I believe we will be suited to implement goals, evaluate the success of change from technology integration, strategy assessment development, and give a continuous growth and improvement in education of our students. The use of technology in the classroom, however, has come with ethical issues that need to be considered. To handle these ethical issues will require the input of parents, the community, and the school administration. This will require students to learn internet safety and security that will certify the students benefit holistically from the Comprehensive Classroom Technology Plan. Finally, ensuring that the integrity of the students’ data is protected is essential for them to get the correct

What caused the surge in oil price during the period 2000-2005 Essay

What caused the surge in oil price during the period 2000-2005 - Essay Example This projection is mainly attributed to the changes in demand and supply by the non-OPEC and OPEC members. The oil price surge is a major economic issue as it slows down global economic recovery. This paper highlights the major issues that are behind the oil price surge during the 2000 – 2005 periods. In this essay we seek to address the question of the effects of additions to OPEC capacities and economic activities on oil prices (mostly in the future) and why oil prices are literally depend on the OPEC’s ability to maintain control over the marginal supplies of oil. Global oil demand had a slow increase in the year 2000 – 2005 periods than it did in the last five years. Each time when the demand growth accelerates annually, the prices are always seen to rise and vice versa. The yearly rate of demand growth has changed markedly over the last few years with this kind of growth dipping into a low of just about half a percent in the year 2001 and a then having a sha rp rise through 2004. During the year 2004, the oil demand had surged by 4% and this was the fastest rate since 1977. In the year 2005, the demand growth fell callously although its growth rate was maintained above 1%. A significant part of this growth was contributed by China and most of the rest of the developing Asia (Menecon Ltd. 2006, p1). The United States and other non-Asian developing countries accounted for the bigger share of the volume increase in demand during the 2000 – 2005 periods. With the supply capacity going high in the recent years, the rise in demand has squeezed spare capacity in pushing up prices. Causes of Oil Surge during the 2000 – 2005 Period During 2000 – 2005 period great oil surges was experienced, the possible causes of this surge in oil prices include: supply, monetary inflation and the value of the US dollar, demand and investment demand. Supply Lower supply of oil is considered to be a main lasting fundamental cause of the risin g prices during the period 2000 – 2005. The intermittent supply contributed majorly on the surges in oil prices and therefore, the oil price crises. Monetary Inflation and the Value of the US Dollar Price inflation develops from monetary increase and other economic policies. Wobbly monetary policy attained from the Federal Reserve and other central banks is listed as one of the major contributor to the increase in the oil prices. It therefore forms the main cause in the dollar devaluation and commodity speculation characteristic with changes in oil prices. The value of the US dollar also had some impact on the oil prices as oil is normally quoted and traded in US dollars. This means that the value of the dollar determines the rise or fall in the oil prices. Demand High demand for oil is also one of the main causes of the surge in the oil prices. The demand for the crude oil was seen to be growing at an average of 1.76% per year. This effective growth (in percentage) was recor ded from the year 1994 to 2006. Still, during this period (1994 to 2006), a higher rise of 3.4% was experienced in the year 2003 to 2004. As the demand for oil is on a high rise all over the world an increase in demand of 37% is expected by 2030 hence the demand for oil is projected to have an increase. Normally, increase in oil prices reflects on the global demand rise for oil. Prices usually affect the demand as the relationship between them is considered to be not a way street. If the demand gets a certain shift a direct impact on the oil prices will take place; when the oil prices get affected thy in general will lead to a (United Nations staff 2005, p6). Investment Demand Invest demand is also one of major issues to the surge in oil during the 2000 - 2005 period. Investment demand usually occurs when investors pay for future

Book Review Essay on HR from the Heart Example | Topics and Well Written Essays - 1000 words

Book Review on HR from the Heart - Essay Example She expresses the same gravity when she tells about the importance of the profession. She writes, â€Å"When you go into HR, you must realize that, first and foremost, you are responsible for people’s livelihood. Every day you make plans that affect individuals on the most intimate levels. Every time you choose between one candidate and another, the decision you make sets a chain of events that determines the rest of both their lives –even the candidate you never see again because they’re not right fit for your company. You decide on whether an employee stays or goes. You decide who gets promoted and who doesn’t. You decide who gets a raise and who doesn’t. By establishing the compensation guidelines or advertising management, you influence who gets a generous raise and who doesn’t. And you make all these decisions in a larger context of understanding the internal structures and secret plans of the company as a whole.† (Sartain 6) In this book the author is describing how an HR professional should make career choices and mold careers of others as well. She feels frustrated to see HR professionals as vulnerable as others in making career choices when they are capable of helping others mold careers. Sartain also shows how they can make a difference by relating passion with their career as she says, â€Å"If we, as HR professionals, can’t link career and passion for ourselves, how can we expect to be able to do it for the employees of our organization? One of the parts of HR that I get the most joy out of is helping people find the right environment in which to do the things that they enjoy doing.† (Sartain 20). In today’s business environment, HR plays a crucial role in hiring the right kind of talent and retaining them. HR professionals are supposed to power brokers who stamp ‘No’ to every new proposal and are ready to make yet another policy. However, HR is a dynamic and ever-changing profession which can make a difference

Blog proposal Essay Example | Topics and Well Written Essays - 750 words

Blog proposal - Essay Example In addition, media has allowed increased educational gains for the audiences. Increased research has allowed mediums of communications to serve better than ever (Ward). However, in the recent times, the impact of media has been adverse on the political economy. It is being proposed here that the story that will be written within the field of journalism will be about media terrorism. The concept of media terrorism will be introduced in the blog post as an English expression where it will be studied in the context of news mediums being used for terrorists’ information. The best example that can be taken in order to study the aspect of news terrorism can be Al-Jazeera channel through which the information regarding terrorists’ activities and protocols are broadcasted. Some of the news agencies believe that giving out such information to the general public is extremely dangerous because it is more likely to increase panic within the civic life. Also, it is more likely to ma ke the defensive operations halting or prone to have loopholes. However, at the same time, there are arguments which are posed against keeping secrecy from general audiences. It is stated that nation needs to understand and get informed about problems that may occur in the longer run. It is mainly because anything terrorist activity that is more likely to happen within a country would directly impact the lives of people. Therefore, they must be educated about such issues and aspects (Ward). It should be noted that there are different dimensions to this subject matter. As mentioned above, there are two schools of thought when it comes to the subject of news terrorism. At one point, there can be people who are against the aspect of informing about terrorists threats while on the other hand, there are people who claim that one must be aware of such threats because it can allow respective authorities to take relevant actions to stay alert

Titus Andronicus by Shakespeare Essay Example | Topics and Well Written Essays - 1250 words

Titus Andronicus by Shakespeare - Essay Example But, its popularity picked momentum later in the 20th century. Despite being considered most violent and traditionally perceived as quite controversial, Titus Andronicus still digs with acute intelligence into the theme of honor and constructs a riveting framework to cast a spell on the readers. Honor plays a very prominent role in shaping events of the story and also plays a steering role in making different characters act in a revengeful manner. Restoration of honor is perceived as the most valuable objective by every character. This essay seeks to explore at length how the theme of honor is handled by Shakespeare in this tragedy and in how many different ways it influences the structure of the story. In the play, the revered Roman general Titus returns home after a ten year long war having lost most of his sons. He has bodies of two dead sons with him and some important barbarous Goths who are now made prisoners. The harrowing general is exceptionally dishonored by the damage done to his family in the form of death of his sons during the war (Delahoyde) and he in turn after reaching home brutally sacrifices the eldest son of Tamora, empress of the Goths, to pacify the souls of his dead sons. This was certainly a heinous way of restoring honor but plays a momentous role in shaping the future events. Later, when the new ruler of Rome makes Tamora his empress instead of Lavinia, Titus again feels dishonored (McGoodwin) and also Tamora vows to destroy Titus’s life to reestablish her lost honor. It is the influence and driving motivation of honor basically which makes Tamora convince her two spared sons to ferociously rape Lavinia and also disfigure her. Blinded with revenge, the dishonored Goth family agrees on this vicious plan and Lavinia is badly harmed with her tongue and both hands cut off so the culprits could not be named. This extremely cruel act strikes a staggering blow on Titus’s pride because he adores his daughter and the state she is left in by his enemies leaves him anguished beyond possibility. All his life Titus has expected respect from others being a man in high position and the brutality to which his daughter is exposed makes him realize with plain clarity that his prized prerogative of being honored is tarnished. This acknowledgement of infringements on his self-esteem serves as a propeller to seek vengeance, but unfortunately he has no idea who is behind the crime of rape, so an anguished Tamora very cunningly further goes on her secretive plans to demolish Titus’s inflated sense of self-respect by sending him severed heads of his sons. It is easy to realize how myriad inhumane acts are committed in Titus Andronicus in the name of honor. This suggests that Titus has a really warped perception of honor (Annareese). The entire plot revolves around this theme from the beginning till the end and compels the characters who are broken from inside and have no respect for humanity to engage in vicious pla ns. Every single character has an enigmatically twisted approach to restoring honor. The portrayal of violence in this tragedy is unparalleled and it is deliberately kept so to make the theme of honor emphatic. This is why scary acts of violence keep haunting the readers in every act to convey the message how drastically the idea of honor can penetrate the minds of people compelling them to break all barriers to get back this prodigious wealth if snatched by anyone. History is full of events like

Jacqueline Kennedy as a Writer Research Paper Example | Topics and Well Written Essays - 2000 words

Jacqueline Kennedy as a Writer - Research Paper Example Historians agree that in this phase of her life she was independent of men and learned to make it on her own embarking on her editing career after twenty-two years without employment. Her husbands had both died and her children were busy at school. In the weeks near her death, she read the manuscript, edited the book and sent a fax to the author detailing suggestions to be edited and possible direction for the conclusion. She did this despite her poor health and grave illness (Spoto 24). Jacqueline Kennedy was born as Jacqueline Lee Bouvier in July 1929. She attended the George Washington University, where she graduated in 1951. Soon after graduation, she was employed as a photo-journalist by the Washington Times Herald. She married John F. Kennedy, a senator who became United States president in 1961. Andersen affirms that â€Å"After the assassination of John F. Kennedy in 1963, she vacated the white house and moved with her children (Caroline and John Jr.) to New York† (2). After a period of mourning and notable absence from the public scene, she married A Greek shipping magnate, Aristotle Onassis in 1968, who had a son, from a previous marriage, named Alexander. In 1973 his son was killed in a tragic plane crash. Months of depression led to deteriorating health and Aristotle succumbed to his ill health in 1975. Jacqueline Kennedy Onassis was a widow for the second time. She moved permanently to New York and sought employment in publishing as an escape from the ill-fated turn of events in her life. Her career choice was in synchronization with her passion and enjoyment of literature and undergraduate major (French Literature). Her children were old enough and therefore required less attention and time demand. Jacqueline could accord more time to her work. She was a talented writer as well as passionate about literature. Kuhn states that â€Å"though people often didn’t realize it, Jackie was talented and her teachers had noted her abilities early in her life.  

Analysis of Current Event at Telstra Essay Example for Free

Analysis of Current Event at Telstra Essay Management issue is a common phenomenon that an organization attempting to maximize profits must grapple with. Telecommunication as it is the case with Telstra Corporation Limited has been distinguished by highly competitive market. On the same breath, actors and competitors on the market have been seen struggling with the increasing cost of operation, production, development and mature market. In light of this, the Company faces management issue when it comes to decision making, integrating new models and working within the realm of theoretical frameworks. ResearchMoz (2013) notes that in an industry where competition is rife, analysis of a company’s management issues and current events encompass the recognition of different strategies that enable it maintain competitive position. Despite these positions, it has to be recognized that analysis of management issues of Telstra Corporation Limited must first recognize the position of the Company with regard to managing risks as postulated by the Company’s Chief Risk Office (Schermerhorn et al., 2014). Ideally, Telstra Corporation Limited has Corporate Social Responsibility (CSR) to undertake and as one of its management issue or strategy. Consequently, such must be conceptualised through its laid platform, structure, financial reports and annual reports. Similarly, evidence based researches have shown that the first step in understanding management of a company is to integrate its undertaking when it comes to CSR and how sustainable the Company intends to operate with regard to the environment, competitors and specific objectives (Millmore, 2007; Hubbard, 2008; Bardoel, 2012). Based on the Company’s Corporate Social Report 2014, its CSR is embedded on four critical issues; internal environment, external environment, customers and sustainability (Corporate Social Responsibility Report, 2014). That is, the commitment of the Company towards corporate responsibility starts with simple but straight forward commitments that cover its areas of operations and targeted objectives. F rom its principled perspective, the primary corporate responsibility can be summarised as follows: Provision of the country a foundation that ensures economic growth, sustainability prosperity, productivity improvement and global competitive Contributing towards resources; increasing technology, product services and people in employment to support the communities in which the Company operates and the specific needs of community at large Give a leading stewardship of environment by first and importantly, conservation, efficiency in the usage of resources, reducing and maintaining environmental footprint and reduction of operation costs (e.g. it took part in the Mobile Phone Recycling Program that was co-ordinated by the Australian Mobile Telecommunications Associations (AMTA) (Daley et al. 2014) Based on the Company’s corporate social responsibility as one of the management issues and as reported in the article, there is an integration of new management approach and that is the fact that risk management approach has been tailored to facilitate maximization of profits. Conversely, it can be established, based on its business principles and risk management approaches that the CSR has succeeded in the reduction of any adverse effects on and injury to the environment. Such is also embedded on the desire to preserve the beneficial qualities of the environment, while ensuring quality products and services in Australia (Baigh, 2014). In addition, to the above principles, analysis of the company’s management of this particular issue has also considered profits to the Company thus concluding that Telstra is revamping on this particular management strategy which is succeeding in line with its short and long term goals. To conceptualise this argument, scholars such as Hooper and Potter (2006) have drawn a thin line between CSR as a management issue and as a marketing issue. To ascertain that the CSR approach as contextualized is a management issue but financial or marketing issue, in most cases, companies always engage in pricing strategies which also depend on value pricing coupled with strategic markdowns. In such cases, this makes sales of their products to go down since it cannot compete effectively with other products. Additionally, products face what Hamlin (2012) terms as ‘a society of shifting priorities’ (p.281). Therefore there is pressure to keep up with the emerging social needs by style modification. It is for this reason that any decision to modify must be embedded on the premise to meet the needs of the targeted consumers. While the explanation above provides for what would constitute a marketing issue, what Telstra engages in is management issue. According to Johnson et al. (2011), CSR is not only management issue but a current one the sense that it deals with financial performance, top management, chief executive and shareholders. Herewith, the management issue within the context of Telstra is the responsiveness that should be taken because in a competitive environment where there are other operator s such as Huawei and Vodacom, managers are supposed to intervene in accordance with their position and power, especially where management can fail to respond to economic challenges and changes. Also related to CSR as a marketing issue is ethical decision making approaches. According to the article, the process of identification of managing risks through ethical decision making is an integral part of the Company’s governance framework and management issue which help in the realization of the success of the strategy as well as financial prospects for future operations. Telstra business ethics entails standards and principles that guide managers, individuals and work group behaviour in line with telecommunication and terms of service in Australia. Additionally, it is important to note that stakeholders of the Company make these conventions (principles) and such have been codified as regulations and laws. Contextualising this definition within the frameworks business management issue; ethical decision making help Telstra family design strategies that eliminate misconduct. According to Peng (2014) there are three significant components that sum up its ethical decision making as critical management issue; ethical decision making being individual factors, ethical decision making being Company’s relationship with others and ethical decision making being opportunities available for the Company. Basically, while this issue might to be seen as revamp on a current management strategy, it has been applied successfully since the Company bases the three components on behaviourist theory where what matters is what individuals in the Company can do rather than specific quality or attribute. That is, different patterns of individual b ehaviours are linked to ethical decisions that are made by the Company and such are geared towards the realisation of the goals and objectives that have been set by the Company. To contextualise the success of the Company with its approach of ethical decision making as one the management issue, Perren and Burgoyne (2010) report that Telstra has been engaging with Communication Workers Union with a view to offering better terms of service and transparency in supply management. For instance, in 2013, the Company engaged Low-Income Measures Assessment Committee (LIMAC) (this is an example of Communication Workers Union which is viewed as independent and transparent) which made changes to the package the Company was initially giving to its workers and suppliers. In connection to this, the Company, this particular issue has successful been engaged in what Katzenbach and Smith (2005) term as ‘vertical management’ (p. 37). Vertical management within the context of ethical decision making is a case where a Company liaises with regulatory organization so as to have a common agenda and conform to the requirements of the industry. Conceptualist theorists a nd ethical formalism argue that ethical decision making process in management encompass evaluations of fairness product stewardships but with respect to firm’s overall culture. In summary, with ethical decision making process as one of the management issue, Telstra has a well-defined management and leadership structure which is focused on the achievement of defined objectives including ‘green’ managements. Lastly, this issue departs from being finance or marketing issue on the ground that the approach lacks market orientation is a model that concretizes the strategy of finance and marketing. Senge et al. (2007) define this theory (market orientation) as a strategy that ensures all products and services as undertaken by Companies are oriented towards specific demands of clients and customers. Still on ethical decision making as one of the Company’s management issue or approach, Telstra’s planning, leading, organising, controlling and functioning is based on choices made on guidelines laid. According to article, one of the important issues to not is that the Company’s risk management frameworks are aligned with ISO 31000 Risk Management (Baigh, 2014). While this is an indicator of a management strategy or practice that has succeeded, underpinnings of theories of issue management are significant to the Company additionally; technical and commercial objectives remain axis for the Company. The success in management of this issue is conceptualised with regard to audience or customer satisfaction. This is to mean that in as much as its ethical decision making remains a priority as a management issue, targeted markets shapes such prioritiesan aspect Aras and Crowther (2009) terms as ‘ascertaining the success of management strategies and policies in dow nstream and upstream relationships’ (p. 213). From Michael Patterson (Telstra’s General Manager for Tasmania) statement on the legal battle the Company had with Optus, it can be realized that the Company’s planning, leading, organising, controlling and functioning are in line with the tenet of management of telephony inputs and components that are required in the market. This is an indication that there is long term transparency and conformity to good practices. Assessing Corporate Social Report 2013 vis-Ã  -vis opening of the China’s SouFun Sensis, there is evidence that efforts are diverted to supply chain relationships with third party suppliers as well as other competitors. It is important to note that Telstra is overemphasizing on CSR strategies; an aspect that may affects its ethical decision making. If this stretches beyond what the Company can handle, strategic alignment with other sectors may be affected. Basically, this is where this strategy differs from the aspect of marketing in the sense that according to the theory of signaling, the best way to market a product is to engage a brand or product in competitive signal that are intended to pass information to potential consumers with an aim of making such consumers believe that competing products are substandard (Cole, 2012). This is exactly how Cadbury for instance has succeeded in capturing the attention of their targeted market every time they engage in marketing. Telstra, through this does management and not marketing as they do not engage in competitive signaling. As a management approach, Telstra looks at ethical decision making differently. That is as a management issue, ethical decision making is seen in terms of transparency when it comes to critical corporate accounting and statements. One of the critical goals of the Company is to attain what it terms as ‘front-line management’ (Baigh, 2014 p.26). The benefits of the people within and around have been necessitated through avoidance of misleading information. The continuum of growth in economy resonates around a transparent business operationwhich is also a recipe of what this assessment considers to be a successful management approach. Synopsis on the Management Issue From the perspective of undertakings in the Company, the aspect is a management issue in the sense that it analyses the environment issues in lieu of external factors that impact business activities. On the other hand, the purpose of the management issues as analysed is to evaluate and determinate competitive advantages as well as threats a Company has with regard to its operations. These analyses recognise stiff competitions, threats and opportunities faced by companies such as Optus, Vodafone and 3 Mobile. In as much, this analysis considers Telstra due to its cutting edge when it comes to services such as broadband, hosting, directory and pay TV which are not as extensive in other companies. Since the management issue has been a success, revamping of a current policy is twofold; first, there is need to strategize the management issue identified to an extent that the company benefits from the economies of scales and the strong relationships with suppliers, which will place it in a strong bargaining position with its upstream partners and allows leveraging the costs. Strategizing the management issue to attain this goal means that a focus on customer-relationship and loyalty creation, as well as investment in research and technical development (RD) to reduce the costs of services so as to compete with niche operators. Secondly, revamping on the current management issue must assess the possibility of working alongside its downstream partners to deliver triple-play solutions in voice, data and video services, expansion of data download quotas and continuous innovation in fixed line services, as opposed to mobile services, to offer incentives to its clients. Similarly on the question of whether Telstra is handling the identified management issue appropriately is manifold but the assessment will review two issues that offer succinct answers to the question. First, proper management of a company circles around how best a company maximizes a profit and expands networks (ResearchMoz, 2013). Through the management issue, Telstra has leveraged the risks of economic downturns by diversifying its income channels. The growing domestic market and the boost in 4G technologies enable further market penetration and help to reduce the pressure of external factors. Secondly, the Company through the management issue has pursued an investment heavy strategy to grow its existing network. However, financial indicators, outline a challenging internal environment in terms of liquidity and internal funding options. References Aras, G. Crowther, D (2009). Global Perspective on Corporate Governance and CSR. Farnham: Gower Pub. Baigh, H. (2014). Seven Strategies for Simplifying Your Organization. Harvard Business Review. Retrieved from http://blogs.hbr.org/2013/05/seven-strategies-for-simplifyi/ Bardoel, A. (2012).Tool or Time Thief? Technology and the Work-Life Balance. Retrieved Cole, K. (2012). Management: Theory and practice. Australia: Pearson. Corporate Social Responsibility Report (2014): Understanding the Definition of Corporate SocialResponsibility: http://www.telstra.com.au/abouttelstra/download/document/csr.pdf Daley, J., McGannon, C., Ginnivan, L. (2012). Game-changers: Economic reform priorities for Australia. Melbourne: Grattan Institute from The Conversation, Future of Work: https://theconversation.edu.au/tool-or-time-thief-technology-and-the-work-life-balance-8165 Hamlin. R. (2012) Towards a Universalistic Model of Leadership: a comparative study of Britishand American empirically derived criteria of managerial and leadership effectiveness. Working paper WP005/02, University of Wolverhampton. Hooper, A. and Potter, J. (2006) The Business of Leadership. Aldershot: Ashgate Publishing Company. Hubbard, G. (2008). Strategic management: Thinking, analysis, action. Australia: Pearson. James, K. and Burgoyne, J. (2001) Leadership Development: Best practice guide for organisations. London: Council for Excellence in Management and Leadership. Johnson, G., Scholes, K., Wittington, R. (2011). Exploring Strategy: Text Cases. (9th ed). London: Prentice Hall. Katzenbach, J. and Smith, D. (2005) The Wisdom of Teams. New York: Harperbusiness. Millmore, M. (2007). Strategic Human Resource Management: Contemporary Issues. Harlow: Financial Times, Prentice Hall. Peng, M. (2014). Global Strategy (3rd ed.). Mason, OH: South-Western Publishing. Perren, L. and Burgoyne, J. (2010) Management and Leadership Abilities: An analysis of texts, testimony and practice. London: Council for Excellence in Management and Leadership. ResearchMoz. (2013). Australia Telco company profiles Telstra, Optus and Vodafone. Retrieved from http://www.researchmoz.us/australia-telco-company-profiles-telstra-optus-and-vodafone-report.html Schermerhorn, J.R., Davidson, P., Poole, D., Woods, P., Simon, A., McBarron, E., (2014). Management (5th ed.). Australia: Pearson Senge, P., et al. (2007). The dance of change: The challenges of sustaining momentum in learning organizations. London: Nicholas Brealey Publishing. Source document

Structure of the judiciary power

Structure of the judiciary power Introduction Every society in the human history confronted the question of how disputes should be resolved. Independence of the judiciary is the principle that the judiciary should be politically insulated from the legislative and the executive power. Courts should not be influenced by the other branches of government. Different nations deal with the idea of judicial independence through different means of judicial selection. An independent judicial branch is one of the main guarantees of democratic system of government and it ensures the rule of law so that it is free from outside influences and judges can render cases only due to the law and facts. The importance of the independent judicial system in England were established in the beginning of 11th century, when William The Conqueror come to throne in 1066 and had started settling new laws in the whole England (today is known as Common Law) and also had fixed by The doctrine of the separation of powers. Whereas, In Kazakhstan legal system the Judicial power as the legal category is rather new. On 30th August 1995 on the basis of the Declaration of Independence the Constitution of The Republic of Kazakhstan had been accepted and it covered the initial principles and appointments of independence of judges (The Constitution of The Republic of Kazakhstan, 1995). Firstly, I would like to return to the past of the UK to observe the formation way of the power structure, which we have today. The ideas based on a modern principle of division of the authorities, for the first time was expressed by Aristotle, in his fourth book named, Politician. He formulated the idea of separating the power in the state on three parts: legislative, official, judicial; each of the authorities should be represented by the separate body. The further development of the theory of division of the authorities is bound to John Lock and Charles Louis Montesquieu, who have carried out the most thorough working out of this principle. Later on, by the end of 18th and the beginning 19th century, the principle of division of the authorities was recognised in many states. Next paragraph separately exposes the origin ways of each power branch in the UK. The Parliament The British Parliament is one of the oldest parliaments in the world. It is often named foremother, but in my opinion it would be more exactly to call it forefather of all parliament systems in the world, and it continues to function throughout the whole political history of the country since the second half of 13th century. Formation and development of The British Parliament occurred during XII and XV centuries. Considerable value of this long process traditionally was attracted by a crown of the higher nobility to the decision of the state, affairs monarchy going back to its origin. Meetings of the Kings vassals, from the middle of XII century, became an obligatory part of the state life and they were the historical beginning of the class representations. The ancestor of legislative system of England was the Curia Regis (the council of tenants-in-chief) it was created by William The Conqueror, who brought to England the feudal system from his native Normandy after the Norman conquest in 1066, and was granting land to his most important military supporters, further the supporters were granting that land to their own supporters thereby creating feudal hierarchy of England. Eventually this council has developed into the Parliament of England, and now includes the head of the state (monarch), chamber of lords (historically chamber of the nobility and the higher clergy) and the House of Commons (historically chamber of commoners). The Monarch and Government Formation of strong English government begun in the beginning of 12th century when English people were victims of intestine wars and feudal anarchy. This severe historical experience had definitively convinced English people that nothing but the strong central power and the wide state organisation can serve for them against those harms. Reducer of the reeled English state order was Henry II Plantagenet (years of board 1154-1189). During Henrys reformatory activities people against feudal lords joined him and it can be said that absolute monarchy formation in England begun with him. The restrictions of the monarchs power began being introduced in the beginning of the 13th century, when the English nobility forced King John to recognize the certain document named, Magna Carta. The constitutional monarchy in that way we see it today, has developed and has become stronger in 18th and 19th centuries when function to administer the affairs of the state has passed to the Cabinet which were appointed from elective parliament. The Cabinet has arisen before the bourgeois revolution of 17th century on the basis of secret council, as the narrow board helping the king to quickly solve the important problems of the government. At first this body completely depended on the monarchy. Further, by the end of 18th century and the beginning of 19th century, it was ceased to be a subsidiary organ of the Royal management and should lean against Parliament support. As the result by that time it started being recognised that the Cabinet should have the majority of voices in Parliament and the head of it should be the Prime minister. The Legislative If the legislative and executive powers are assigned on the exactly higher state body then the judicial power is much more difficult. It is assigned to set of judicial bodies from the local Supreme. Each judicial body is independent and it has own place in the system, resolving concrete affairs absolutely independently. The todays judicial power of England has arises from 1178, when Henry II appointed five members of his personal household to hear all the complaints of the realm and to do right, however the role of the Lord Chancellor was still formal and judgements were a prerogative of the King. Such situation had been existing till Glorious Revolution, the acceptance of the Bill of Rights in 1689 and the Act of Settlement in 1701. After those changes the power of the monarch was essentially limited and courts received independence and leadership of the law. The doctrine traditionally demands separate of powers, that the state system of the power must be divided into three branches and each branch is not only supplemented by two others, but also could be balance. As I said above, the judicial power became independent from executive, legislative and Royal powers when The Bill of Rights 1689 was introduced. According to the Bill the monarch was deprived to a duty to support and supervise judicial system, and the right of the Queen was only to dismiss judges on ministerial council. However, until recent time the principle of separate of powers in the Great Britain was not completely observed. So that the Lord Chancellor being the head of the judicial power in the Great Britain simultaneously was the member of the Cabinet and a member of Lords chambers. Moreover, the Lord Chancellor was appointed to the post by the Queen on representation of the Prime Minister. In July 2003, Tony Blairs government tried to make radical changes to a judicial branch of the power and declared plans to cancel a post of the Lord Chancellor to abolish the system of Law Lords and to replace it with separate Supreme Court. These plans caused considerable contradictions, and finally, Prime Minister decided to change, instead of cancelling an ancient role of the Lord Chancellor. Reform of the role of the Lord Chancellor has started the process of separating his various duties making clear distinction between the government, Parliament and the judicial power. Kazakhstan 16 December 1991, the Parliament of the on the Republic declared the independence of the Republic of Kazakhstan and the Republic Kazakhstan was formed. During the period 1991-1995, the political system and Constitutional legislation of the Republic were formed. The first Constitution of sovereign Kazakhstan was adopted in January 1993. Being to some extent a compromise between the old and new political systems, reflecting attempts to introduce into the post-Soviet context a western democratic model, this Constitution initially contained some contradiction which occasionally took the form of unnatural opposition and resistance of power. As a result of the Referendum held on 30 August 1995, a new Constitution of the Republic of Kazakhstan was adopted, eliminating the shortcomings of the former constitution. The new Constitution established a Presidential Republic, and solved rationally the problem of divided responsibilities among different branches of power, while also welcoming changes to the market system. According to Article 3 of the Constitution states that the state power in the Republic of Kazakhstan is unified and executed on the basis of the Constitution and laws in accordance with the principle of its division into the legislative, executive and judicial branches and a system of checks and balances that governs their interaction. The legislative branch comprises Parliament of the Republic of Kazakhstan (the Senate and the Majilis). The executive branch comprises the Cabinet of Ministers, state committees, others central and local executive bodies of the Republic. The judicial branch comprises the Supreme Court and Constitutional Council and local courts (regional, district and others). The President of the Republic of Kazakhstan is the head of state, its highest official determining the main directions of the domestic and foreign policy of the state and representing Kazakhstan within the country and in international relations. He shall ensure by his arbitration concerted functioning of all branches of state power and responsibility of the institutions of power before the people. (Art. 40 of the Constitution). The President is elected every seven years on the basis of universal suffrage. One and the same person may not be elected the President of the Republic more than two times in a row. Nursultan Nazarbaev has been the President of the Republic of Kazakhstan since 1 December 1991. Parliament The highest representative body of the Republic of Kazakhstan is the bicameral Parliament. According to the Presidents Decree having force of Constitutional Law  «On elections in the Republic of Kazakhstan » (1995) the parliament will consist of two chambers the Senate and the Majilis and work on professional base. Parliament at a joint session of the Chambers: introduces amendments and makes additions to the Constitution; adopts constitutional laws, approves the republican budget, the reports of the Government, and the Accounts Committee about its implementation, and introduces changes into the budget; conducts a second round of discussion and voting on the laws or articles of the law; hears the report of the Prime Minister on the Governments program and approves or rejects the program and annual messages of the Constitutional Council of the Republic on the state of the constitutional legality in the Republic or reports on the activity of the commissions; decides issues of war and peace; adopts a decision concerning the use of the Armed Forces of the Republic to fulfill international obligations in support of peace and security at the proposal of the President of the Republic; puts forward an initiative calling for an all-nation referendum; exercises other powers assigned to Parliament by the Constitution. The Government The Government is appointed by the President and accountable to the Parliament. It implements the executive power in Kazakhstan, heads the system of executive bodies and exercise supervision of their activity. Judicial Authority Justice in the Republic of Kazakhstan is exercised only by the court. The judicial system in the Republic consists of the Supreme Court Republic of Kazakhstan, the highest judicial body, and regional, district, town, and city courts. (Art.75) The Supreme Court of the Republic of Kazakhstan shall be the highest judicial body for civil, criminal and other cases which are under the courts of general jurisdiction; exercises the supervision over their activities in the forms of juridical procedure stipulated by law, and provide interpretation on the issues of judicial practice. The chairman of the Supreme Court is the judge and is appointed to the post by the President with the consent of the Senate of Parliament of the Republic of Kazakhstan. Independence of the judicial power in Kazakhstan completely based on the Constitution and the Constitutional Law named, About courts and the status of judges, and the guarantor of the constitution is the President. However, the theory of division of the authorities does not assume creation of the Chinese wall between various branches of the power. That is also impossible, as their interaction and interdependence are the questions of uniform institutes and the government shall be necessarily differentiated from its branches, generating an interlacing of some elements. The general meaning of the modern legal doctrine are the connection of ideas of unity and division of the authorities, their interactions and system of controls and counterbalances. Such understandings are reflected in the newest constitutions. The most distinctive expression is the point 4 of article 3 of the Constitution of Republic Kazakhstan of 1995 which says: the Government in Republic Kazakhstan is uniform, is carried out on the basis of the Constitution and laws according to a principle of its division into legislative, executive and judicial branches and their interactions among themselves with use of system of controls and counterbalances. Basically the Kazakhstans and English models of the judicial power are very difficult to compare moreover they are based on various legal foundations. English system of the Right is based on judicial precedent and actually courts of England create laws. In Kazakhstan the system is based on the code system of the right, such as the constitution, the constitutional laws, codes etc., and the Kazakhstan courts in contrast to English courts do not have the legislative initiative. It is believed that the judicial power is the weakest branch and it does not lean against wish of voters as the legislature, has no power for compulsion as the Executive. The force of the judicial power is in respect from the civilised society to the right and court. Here again we can see considerable distinctions. In that number, and in relations of other branches of the power both judicial in England and Kazakhstan. The execution institute of court decisions in England is so accurate also punishment for default so serious, that the practical excludes concept  «default of the decision of court » and communication with what, the authority of the judicial power is indisputable. Since independence Kazakhstan has undertaken huge efforts for a raising of courts authority, however corruption and a principle of the telephone right create for this purpose very big obstacles. Also I would like to stop in detail on the status English of judges put in English statutes. According to this statutes judge are appointed for life. In Kazakhstan the similar norm of the law does not exist. And although the legal judge is appointed to the post and dismissed by the President of Republic, the nonflexible system of estimations of activity of the judges allow to the chairman of courts easily release the judges who was not undesirable to him.

The Two Towns of Jasper :: essays research papers

Race in America: Is it really such a problem now as it was so many years ago? I think my generation of young adults is reaping the 1st benefits of a â€Å"racist free† society, and I put racist free society in quotations because our society may never truly be without some form of racism because I believe that hate for another race or culture is seeded in our youth at a very early age, and that our kids our taught, in a sense, to hate by their parents words, actions, sayings, jokes, beliefs, etc and are made to think that that kind of offensiveness is ok, and thus grow up with that racism growing into racial hatred.   Ã‚  Ã‚  Ã‚  Ã‚  The clan markings and tattoos these men had tells me that they belong to a â€Å"gang† or group dedicated to racial hatred. I guarantee you that these men as children had no idea what racism was until someone taught it to them, from there it branched off into their individual view of who is superior and who is not.   Ã‚  Ã‚  Ã‚  Ã‚  I personally have a lot of friends of different races, but I don’t see them like that. I see them for who they are and what their personality is like, not by color. And I think that society is gradually leaning in that direction as well. Maybe it was because I wasn’t raised to see color like other people do, maybe it has to do with the fact that my family moved around a lot and I made friends with whoever I could, racial issues not being a factor. These are just my view points and others may have a completely different perspective on color and race. But it is very difficult for me to write about some thing such as racism, when to me the term has no meaning except what has been taught to me about what other people say and do.

Development of the Montessori Method Essay -- Maria Montessori ISD Met

Maria Montessori and the ISD Model: Development of the Montessori Method Summary The paper I prepared begins with a description of the Montessori Method and a historical narration of the professional career of Dr. Maria Montessori. I also included some biographical information as to her origins and the identity of her parents. I then drew a comparison of her methods for developing the Montessori Method and her career to the ISD model. I compared significant events in her career to the analysis phase. Explaining that her experience with children lead her to develop her programs. Then I drew a comparison to her work with the design and development phases, citing her materials that she uses in her classrooms and the classrooms themselves. Finally I compared her implementation and subsequent discoveries to the implementation and evaluation phases in ISD. I concluded with my own personal opinion, that Maria Montessori was an innovator and mostly responsible for modern education. I used four directly quoted sources, one solely paraphrased, and one merely for research a nd background information. Since the late Nineteenth Century, educators and medical professionals have been concerned with the physical and mental development of children between the ages of two and seven years. During the first part of the Industrial Revolution and through the beginning of the Twentieth Century, conditions in the cities and industrial centers were deplorable. Adult workers were forced to work long hours and under extreme conditions, likewise children were made to endure arduous working environments with little or no concern for their well being, short of their ability to contribute to the work force. In Upton Sinclair's book, The Jungle, he des... ...ontessori, there is a distinct pattern to her development that is remarkably similar to those proposed by the ISD model. References Works Cited Gettman, D. (1987). Basic Montessori : learning activities for under-fives. New York: St. Martin's Press. Montessori, M. (1964). Dr. Montessori's own handbook. Boston: Robert Bentley, Inc. Pines, M. (1967). Revolution in learning: the years from birth to six. New York: Harper and Row Publishers. Sinclair, U. (1960). The Jungle. New York: The New American Library of World Literature. Standing, E.M. (1962). Maria Montessori: her life and work. New York: The New American Library of World Literature. Other Sources Braun, S. J. (1974). Nursery education for disadvantages children: an historical review. In Montessori in perspective. (pp. 7-24). National Association for the Education of Young Children: New York. Development of the Montessori Method Essay -- Maria Montessori ISD Met Maria Montessori and the ISD Model: Development of the Montessori Method Summary The paper I prepared begins with a description of the Montessori Method and a historical narration of the professional career of Dr. Maria Montessori. I also included some biographical information as to her origins and the identity of her parents. I then drew a comparison of her methods for developing the Montessori Method and her career to the ISD model. I compared significant events in her career to the analysis phase. Explaining that her experience with children lead her to develop her programs. Then I drew a comparison to her work with the design and development phases, citing her materials that she uses in her classrooms and the classrooms themselves. Finally I compared her implementation and subsequent discoveries to the implementation and evaluation phases in ISD. I concluded with my own personal opinion, that Maria Montessori was an innovator and mostly responsible for modern education. I used four directly quoted sources, one solely paraphrased, and one merely for research a nd background information. Since the late Nineteenth Century, educators and medical professionals have been concerned with the physical and mental development of children between the ages of two and seven years. During the first part of the Industrial Revolution and through the beginning of the Twentieth Century, conditions in the cities and industrial centers were deplorable. Adult workers were forced to work long hours and under extreme conditions, likewise children were made to endure arduous working environments with little or no concern for their well being, short of their ability to contribute to the work force. In Upton Sinclair's book, The Jungle, he des... ...ontessori, there is a distinct pattern to her development that is remarkably similar to those proposed by the ISD model. References Works Cited Gettman, D. (1987). Basic Montessori : learning activities for under-fives. New York: St. Martin's Press. Montessori, M. (1964). Dr. Montessori's own handbook. Boston: Robert Bentley, Inc. Pines, M. (1967). Revolution in learning: the years from birth to six. New York: Harper and Row Publishers. Sinclair, U. (1960). The Jungle. New York: The New American Library of World Literature. Standing, E.M. (1962). Maria Montessori: her life and work. New York: The New American Library of World Literature. Other Sources Braun, S. J. (1974). Nursery education for disadvantages children: an historical review. In Montessori in perspective. (pp. 7-24). National Association for the Education of Young Children: New York.

A Big Issue for Home Appliance Manufacturers in China :: Outsourcing Retail Partner Manufacturing Essays

A Big Issue for Home Appliance Manufacturers in China Home Appliance manufacturers in china have made great progress accompany the fast development of the consumption of home appliance in the whole nation. There are many native home appliances manufacturers and foreign manufacturers especially those who come from Japan and South Korea, contest for this huge market. The competition among them is extremely scorching. To occupy the market, techniques, finance and management are undoubt tools for competing. However, the difference of those three elements among the manufactures become less and less. So another field was focused by those manufacturers and many issues arose. That is retailer. It is very difficult for those manufactures to compete with so many competitors in this big country by only their own branch representatives. Outsourcing retailer become absolutely important. However, common retailers can ¡Ã‚ ¦t help too much. What they need are outsourcing retail partner who keep stable relationship and supply long term retail service to them. The benefits of outsourcing retail partners are obvious but how to outsource is quite complicate and is the main issue will be discussed. Literature review 1. What is outsourcing ¡GThe definition of outsourcing 1. The process of transferring the responsibility for a specific business function from a employee group to a non-employee group (Zhiwei, Kathy, Joseph, 2001) 2. The outsource could be defined as a service outside the company acting as an extension of the company ¡Ã‚ ¦s business but responsible for its own management, while outsourcing could be defined as employing an outside agency to manage a function formerly carried on inside a company (Rothery and Robertson, 1995) 3. A transfer of an administrative responsibility to an outside organization, an arrangement that changes both service delivery and internal staffing patterns. Contracts with consulting firms, however, are also viewed by some as a form of outsourcing, particularly when close ties develop in long-term relationships.(Johnson and Cox, 1997) Others describe outsourcing as  ¡Ã‚ §the practice of handling over the planning, management and operation of certain functions to an independent third party ¡Ã‚ ¨ (Auerbach, 1996).  ¡Ã‚ §Finding new suppliers and new ways to secure the delivery of raw materials, goods components and services, by utilizing the knowledge, experience and creativity of new suppliers not used previously (Thames, 1994) 2. The benefits of outsourcing a supply partner To know the reason why the home appliance manufactures need to outsource retail partner. As Partner outsourcing is only a part of outsourcing, we need to find benefits or advantage gained from outsourcing and we can see all the benefits of partner outsourcing from there.

Treadway Tire Company Case Study

Introduction: Treadway Tire Company, a major supplier of tires in North America, is experiencing high turnover rates of foremen in their manufacturing plant in Lima, Ohio. Moral issues and dissatisfactions of line-foremen segment are infecting the entire plant. Background: Lima plant employ 970 hourly employees and 150 salaried employees . It operates 24 hours a day, seven days a week, with four rotating shifts. Lately the plant is faced with variety of challenges due to the rising cost of raw materials. Problem: High turnover and low productivity were due to stressful work environment, lack of training, morale and hiring problems.Foremen had too many responsibilities yet lack of authority and respect. Lack of communication within the plant. Opportunities: Lama Plant has a great opportunity to enhance work environment and upgrade workers skills to increase productivity. Recommendations: Eliminate dissatisfaction by: – Reducing work hours, and offering a periodic training progr am to upgrade personal skills and knowledge required. – Guide foremen and hourly workers through different work process, so as to understand what their responsibilities are and were that fit in the companies’ overall picture. Develop better communication system between foremen, hourly workers and, managers. Then, managers should motivate foremen by showing them some respect and appreciation, allowing them more authority, and involving them in decisions regarding their subordinates. Conclusion: Considering the recommendations above Lima plant will recognize a significant decrease in foremen turnover as well as increase in morale and it could become Treadway’s number one plant for productivity and its lowest cost producer in North America.

Canadian Diamonds, Back in the Rough

At this point in time, the then lucrative diamond business in Canada is suffering a rough blow as the Canadian dollar continuously increases versus the U.S. dollar, as several investors back out their support for the diamond business, and as the U.S., the largest consumer of diamonds, undergo recession. The popularly known diamond mogul, De Beers, was strained by the escalating Canadian dollar and its results to construction costs. These factors led De Beers to sell off their assets in Canada that amounts to nearly $ 1 billion U.S. dollars. (Hoffman, 2008) The representative of De Beers based in Canada, Derek Teevan, justified the decision of investors to withdraw from the diamond sector. He argued that the costs for operating a diamond business is sustained in Canadian currency, which is higher compared to its cost in U.S. dollars. In addition, diamonds are bought in U.S. dollars. This spells out an unprofitable diamond business. According to Mr. Lindsay, president of Teck Cominco Ltd., the diamond sector will suffer until such time that costs are regulated within five years. As of press time, negotiations continue as Teck Cominco Ltd. attempt to purchase Canada’s diamond businesses. (Hoffman, 2008) The author reveals the major concern of the Canadian diamond sector. Based on research and recent information about diamond investors and businesses in Canada, the author was trying to inform his readers about the declining diamond sector and the effect that the rising dollar posits in this issue. The concerns that were presented in the article is of importance to businesses who are planning to invest in the Canadian diamond sector thus, needing to be well-informed about the economic standing of the different business sectors in the country. Atlantic Premiers Sign Energy Framework The premiers in New Brunswick have released a statement indicating their attempts to develop Maritime’s access to Labrador’s hydro resources. According to them, the Maritime’s use of these resources is cost-effective and is instrumental in the minimization of their dependence to fossil fuels that originate from other parts of the globe. This would be possible through the Lower Churchill Falls Project. The premiers and cabinet ministers in Canada drafted and signed an outline that contains the concepts aligned with the project. They also requested for the help of the members of each province to further their aims and objectives. (Tutton, 2008) The premier of New Brunswick has been communicating ideas about the transfer and generation of energy through the use of undersea cables with the premier of Newfoundland. If this pushes through, they would be expecting to spend as much as $ 25 million every year in the area alone. However, they are not keeping their options closed as they are thinking about energy transfers through Quebec and Ontario. If the transmission of power from Labrador to Maritime pushes through, this would mean that New Brunswick should establish more transmission capacity. (Tutton, 2008) The issues in this essay tackle the program drafted and signed by Atlantic premiers in order to develop the transmission of energy through the utilization of under sea cables. In addition, it also provides substantial information that states the advantages and disadvantages of the Lower Churchill Falls Project particularly in New Brunswick. Several options are available in this scenario and Shawn Grahm, the new premier of New Brunswick, should be able to go with a plan that is cost-effective and supportive of the interests of the area. Trucking Industry Facing Challenges The recently elected president of Atlantic Provinces Trucking Association, Gordon Peddle, has claimed the development and enhancement of the image of the trucking business as one of his objectives during his term in office. The image of the trucking industry, as well as the improvement of the quality of service provided by these companies is the main concerns of APTA. (The Special Features Staff, 2008) Despite the flourishing financial statements of other people in the business all over the world, the trucking industry based in News Brunswick has been suffering too. This is due to the fact that the trucking industry is a very difficult business to handle. One of the primary reasons for the decline of the trucking industry is those people who leave the trucking business for higher income rates, thus leading to the lack in personnel. Another reason is that the increasing Canadian dollar versus the U.S currency influences the high costs of materials and parts that are used in developing trucks. As the new chairman of APTA, Peddle is putting on great efforts to solve this problem by collaborating with the Human Resources Sector and Trucking Human Resources Sector, and by being open to applications from foreign truck drivers. (The Special Features Staff, 2008) The author presents the readers the challenges that Peddle will be facing during his rule as the new chairman of APTA. There are a lot of issues that need to be addressed in order to enhance and improve the trucking industry and with the challenges that are ahead, Peddle must be on his toes in order to achieve his aims, objectives, and general plan of action. The article would be instrumental in evaluating whether Peddle would be capable of addressing the needs of the trucking industry through comparison of past experiences and the new trucking industry under Peddle. Go West, Gang Members: Alberta Attracts Drug Dealers The growing economy of Alberta due to its oil market has attracted numerous investors. So much so, that even businesses who operate illegally are putting up their industry in the area. These illegal business enterprises involve gangs who thrive in Alberta because of the high demand for prohibited drugs and substances, such as cocaine. This has been the trend since 1977, as the Edmonton Police Department has strived hard to track down gangs and gang members in their efforts to eradicate drug pushing, trafficking and addiction in their area, thus leading to lower occurrences of crimes. (Chiang, 2008) To address this issue, the Edmonton Police Department has been collaborating with the RCMP in order to identify immigrants and determine whether they are involved in gangs and illegal businesses. They have also conducted an undercover operation that revealed a laboratory that manufactures ecstasy and cocaine that are sold in Alberta. (Chiang, 2008) The author reveals the effects of a booming economy to the increase in crime rates and occurrences in an area. People will be well informed that even if a country is successful in attracting investors that would further the stand of the economy, the price that the people would have to pay for this is the rising occurrences of crimes, such as drug trafficking and pushing. (Title Goes Here) The rising Canadian dollar has yet again proved its detrimental effects to the manufacturing industry in the country. As the dollar rises, lay offs would be implemented to cut the rising cost of manufacturing. Lay-offs will be done in the marketing industry in order to lessen the company’s expenses on wages for manpower services. However, on a positive note, the decline in the manufacturing industry has caused the improvement of the employment rate in the country. This fact is evident through the statistics interpreted starting 2001 until 2006. Professionals agree that the rise in employment would continue to improve in the following years. (Yew, 2008) The rising employment rate in Canada is due to the fact that new occupations are being opened for the benefit of the employment sector to compensate for the losses in employment in the manufacturing industry. In addition, new occupations are being opened for unemployed people because of the global changes, improvement and development which are highly in need of skilled employees who could be absorbed to work under a specialized job description. In contrast to the nature of manufacturing jobs, more people have been studying and working to enter jobs in the health care industry, social welfare and development organizations, finance services, mining and energy industries, which as of press time have experienced a high increase in employment. Canada has put its efforts to replace manufacturing jobs with jobs that are more profitable and adheres to technological learning and advancement. Â  (Yew, 2008) The advantages of the decline in employment opportunities in the manufacturing industry are revealed in the article by the author. This is a known advantage of having the dollar rise above the U.S. dollar. The surfacing of other occupations in the employment sector allows career development for the people. References Chiang, C. (2008). Go west, Gang Members: Alberta attracts drug dealers. Retrieved March 22, 2008, from Hoffman, A. (2008). Canadian Diamonds: Back in the Rough. Retrieved March 22, 2008, from The Special Features Staff. ( Tutton, M. (2008, January 19). Atlantic Premiers Sign Energy Framework. The Canadian Press, p. C2. Yew, M. A. (2008, March 5). Toronto Star, p. B 1

Marketing Plan of Bentley Motors Limited Essay

Marketing Plan of Bentley Motors Limited 1. Executive Summary 2. Company Description Bentley Motors Limited is a British Manufacturer of automobiles, founded on the 18th of January 1919 by Walter Own Bentley. In the First World War, Bentley was known because of their rotary aero-engines. After the war Bentley designed and produced cars that won the Le Mans race in 1924, 1927, 1928, 1929 and 1930. Bentley presented Queen Elizabeth II with an official State Limousine to celebrate her Golden Jubilee in 2002. Bentley believes that it is a high end luxury car, which has tradition and ultimate class. Bentley follows a â€Å"high-price† strategy, and this Marketing Plan outline will show how Bentley improves their sales and continues to gain a share in the market. 3. Strategic Focus and Plan This section covers three aspects of corporate strategy that influence the marketing plan: (1) the mission, (2) goals, and (3) core competence/sustainable competitive advantage of Bentley Motors Limited. Mission Bentley Motors states that they don’t have a mission statement; but if they did, it would have been in the words of Walter Owen Bentley, â€Å"To build a good car, a fast car, the best in class†. The vision statement that Bentley Motors Limited follows is, â€Å"We are Bentley Motors – the definitive British luxury car company, dedicated to developing and crafting the world’s most desirable high performance cars. Goals 1. Have a larger market share. 2. Launch a Sports Utility Vehicle (SUV) in the United Kingdom in 2015. The model will be based on the Porsche Cayenne, and will be produced in the United Kingdom. The SUV will be priced around GBP 140,000. 3. Become more eco-friendly. 4. Increase sales to 1500 cars, by 2013. Core Competency and Sustainable Competitive Advantage In terms of core competency, Bentley Motors seeks to use their uniqueness to provide sophisticated and distinctive, high quality luxury cars and other products that appeal to its target customers. In order to use its core competency as a sustainable competitive advantage, Bentley will work with its customers and employees to strengthen the relationships and build bonds to satisfy the high tastes of its clientele. 4. Situation Analysis This situation analysis will show how Bentley is growing larger in the market. Globally Bentley sold just over 10,000 cars in 2007 – compared to 9,000 cars in 2006 and 1000 in 2003. SWOT Analysis Figure 1 shows some characteristics that might influence the market opportunities for Bentley Motors. The SWOT emphasizes the good choices made by the company. Positive internal factors are related to the board, the management growth, the intrinsic value of the brand associated with the high end luxury car. Favorable external factors include the increasing need of luxury goods in the environment. A note to consider is that the financial crisis of 2007 did not affect Bentley’s clientele. Regarding unfavorable factors, the main weakness is the limited growth in the market. Due to the outstanding care and attention given to the production of each Bentley car, the production is slowed down as each car is hand made. However this limited production is perfect for Bentley’s marketing plan. Figure 1: SWOT Analysis for Bentley Motors |Internal Factors |Strengths |Weaknesses | |Management |Excellent and specialized board |Owned by Volkswagen, therefore has to | | | |report to Volkswagen. | |Offerings |Unique, high-price and high-end luxury |Many other competitors like Mercedes, | | |cars. |Rolls-Royce, Ferrari and Maserati provide | | | |similar products. | |Marketing |The exclusivity of the Bentley Motors brand|As the targeted customers are exclusive, | | |is part of the marketing plan. |not many people are aware of the various | | | |services and products Bentley Motors | | | |provides. | |Personnel |Dedicated to personal development of |Their workers are so qualified that if one | | |employees, by improving their technical and|employee leaves they need to spend a lot of| | |business skills. |money to train and develop another | | | |employee. | |Finance |Excellent growth in sales, revenues from |To build one car it takes longer than most | | |2003 onwards. |of their competitors, therefore it takes | | | |time to generate revenue. | |Manufacturing |Sophisticated details, like workers |A typical mass produced luxury model can be| | |inspecting the leather for insect bites and|finished in 24 hours, but to make a | | |17 hides of leather are required to outfit |Mulsanne at the Crewe Factory it takes 9 | | |the cabin. |weeks. | |R&D |Continued efforts to ensure engineering and|Most of the competitors have good R&D | | |luxury details for cars.|departments as well. | |External Factors |Opportunities | Threats | |Consumers |Customers can customize parts of the product, |Due to the high price of the products, | | |such as requesting certain types of leather |Bentley has exclusive consumers and not| | |interiors. |many people go and buy a Bentley every | | | |so often. | |Competitive |There are a few brands that are that obsessed |Mercedes-Benz, Jaguar and BMW produce | | |with having unique luxury products. |similar products for a fraction of the | | | |price. | |Technological |Bentley recently hired Rolf Frech as its |Bentley’s competitors have various | | |Engineering Chief. Frech comes from Porsche AG. |engineering methods that can produce | | | |more efficient cars. | |Economic |During the financial crisis of 2007, Bentley’s |The targeted customers are a small | | |targeted customers were still purchasing cars. |share of the market. | | | | | |Legal/Regulatory |Cars with new clean energy (biofuel), ensuring |A new law passed, requires some | | |that the power and torque of the car are not |technological change that Bentley’s do | | |affected.|not have. | Industry Analysis Every human wants to differentiate themselves from one another. One way of doing so is by purchasing luxury goods. Therefore the market for such goods is bound to grow. In comparison to other high end luxury vehicles, Bentley is growing more than the others. Figure 2: Luxury car Market |Year Sales in U. S Market | |Brands |2011 |2010 |% Change | |Porsche |12,633 |12,592 |0. 3 | |Jaguar |9,315 |9,748 |-4. 4 | |Ferrari |1,266 |1,087 |16. 5 | |Maserati |1,706 |1,355 |25. 9 | |Bentley |1,260 |954 |32. 1 | |Rolls Royce |255 |387 |-34. 1 | Competitors in the Luxury Car Market As shown in figure 2 , the main competitors of Bentley are; Rolls Royce, Ferrari, Maserati and Porsche. Company Analysis Bentley is highly recognized for their luxury cars, but they also sell goods that reinforce the image of their brand, such as silver plated wheel spinners, cufflinks, set of espresso cups, driving apparel and luggage sets among a few. 5. Product Market Focus This section describes the marketing and product objectives for Bentley Motors and their target markets, points of difference and positioning. Marketing and Product Objectives Bentley Motors marketing is based on the effort to combine the strength and speed of a sport scar with the luxury of British elegance. These are combined in 3 areas listed below. 1. British Tradition 2. Manufacture 3. Luxury and Sport Target Markets The primary target market for Bentley cars are customers who are not self-conscious and are willing to show what they have earned, these are generally those in the highest 5% of the economy. These customers want premium quality products and services and are willing to pay for it. Points of difference. Bentley’s marketing is concentrated on the fact that they have the sophisticated British charm, mixed with the strength of a premium racing car. This is the main difference when compared to Rolls Royce, which looks at itself as a luxury car or with Ferrari that defines itself as a sports car. Positioning Bentley’s vehicles try hard to close the gap between a being a traditional British sophisticated luxury vehicle and sports car with strong masculine power, which is best shown with its 6 time success at Le Mans. 6. Marketing Program The 4 marketing mix elements used by Bentley Motors are detailed below. Product Strategy Bentley’s are handmade, custom designed cars. It takes roughly 150 hours to produce a Continental GT and 400 hours to build an Arnage. Steering wheels are double stitched by hand using 2 needles simultaneously. It takes 15 hours to create one steering wheel. These are a few features of Bentley’s to name a few. Price Strategy The 2011 Bentley Continental is priced at around $205,600, while the 2011 Maserati Gran Turismo is priced at an average of $125,000. Even though the Maserati is much less priced, the quality that Bentley holds is much greater. Promotion Strategy. Bentley avoids commercializing its products unlike Maserati, therefore making it more prestigious. Bentley places its advertisements in places where they expect their target market to see it, not in commercial places. Bentley also goes by word of mouth, where one satisfied customer passes on the good word to a friend. Distribution Strategy Bentley prides themselves on being represented in 212 Bentley facilities worldwide. With 24 offices in the UK, 38 in the USA, 52 in Europe, 15 in the Middle East and 15 in Asia and Australasia, among others. Therefore with 212 facilities worldwide, it is within arm’s reach – for those who can afford it.

Human resource management Essay

Many business owners prepare a business plan before starting their business. However, small business owners often do not include human resource planning as part of their over-all business plan. They may start out with only a few employees or none at all. Over time, it is important to properly forecast employment needs. Just as failing to address potential threats in the marketplace can jeopardize the viability of your business, failing to anticipate personnel needs can impact on overall business success. The success of a business is directly linked to the performance of those who work for that business. Underachievement can be a result of workplace failures. Because hiring the wrong people or failing to anticipate fluctuations in hiring needs can be costly, it is important that you put effort into human resource planning. Planning for HR needs will help to ensure your employees have the skills and competencies your business needs to succeed. An HR plan works hand in hand with your business plan to determine the resources you need to achieve the business’s goals. It will better prepare you for staff turnover, recruitment, and strategic hiring – and alleviate stress when you have emergency/last-minute hiring needs. Human Resource Planning Process Or Steps Of HR Planning Human resource planning is a process through which the company anticipates future business and environmental forces. Human resources planning assess the manpower requirement for future period of time. It attempts to provide sufficient manpower required to perform organizational activities. HR planning is a continuous process which starts with identification of HR objectives, move through analysis of manpower resources and ends at appraisal of HR planning. Following are the major steps involved in human resource planning: 1. Assessing Human Resources The assessment of HR begins with environmental analysis, under which the external (PEST) and internal (objectives, resources and structure) are analyzed to assess the currently available HR inventory level. After the analysis of external and internal forces of the organization, it will be easier for HR manager to find out the internal strengths as well as weakness of the organization in one hand and opportunities and threats on the other. Moreover, it includes an inventory of the workers and skills already available within the organization and a comprehensive job analysis. 2. Demand Forecasting HR forecasting is the process of estimating demand for and supply of HR in an organization. Demand forecasting is a process of determining future needs for HR in terms of quantity and quality. It is done to meet the future personnel requirements of the organization to achieve the desired level of output. Future human resource need can be estimated with the help of the organization’s current human resource situation and analysis of organizational plans an procedures. It will be necessary to perform a year-by-year analysis for every significant level and type. HR planning must be tied to the overall business plan. You can start the process by assessing the current conditions and future goals of your company. Perform these assessments regularly. Consider some of the following questions: What are the company’s goals and objectives? Do these goals call for expansion into new markets? Are new product lines planned? Are changes in technology necessary to stay competitive? Will new skills and/or training be required to meet the company’s goals and objectives? The following three-step method is designed to help you determine whether or not you are ready to hire: 1. Identify Business Strategy and Needs 2. Conduct a Job Analysis and Write a Job Description 3. Determine the Feasibility of Hiring Human Resource Planning Checklist Step 1: Identify Business Strategy and Needs Identify pressures and opportunities Clarify your business strategy and direction Identify aspects of the business that need help The following questions will help you determine how many people are required, and with what skills, to fulfill your business needs. What new positions are opening up? What special skills (e.g. computer applications) will be needed? What work experience (e.g. in a particular area) will be required? When will new staff be needed? When should hiring be scheduled to ensure a smooth transition? Does the hiring plan also provide for employee turnover and attrition? Step 2: Conduct a Job Analysis and Write a Job Description Review your current workforce- Describe the employees you now have in terms of their knowledge, skills, and experience and describe how they function together to get work done, At the same time, consider how the current work could be reorganized to make the best use of current and future employees. Identify any skills and knowledge gaps- Note any gaps between the skills and abilities your current employees have and the skills and abilities that your workforce needs to meet your business objectives in the future. Write a job description Set an appropriate salary- Start by adopting a general salary range to help you determine what you will need to budget – and whether potential candidates are within your budget. You may want to complete a job evaluation, whereby you rank jobs and their corresponding salaries. Weigh the importance of critical skills and knowledge for each position, compare positions, and rank the new position on the pay scale accordingly. You will need to do a comparison between the new and existing positions. Is the new position more junior/senior? Will the new position require more specialized skills and knowledge? Will the position have more complex tasks and different working relationships? Will the new position have more or less responsibility? Tips for Conducting a Job Analysis * Ask employees about each position within the business and how they are (or are not) connected * Ask employees if they think hiring a new employee or creating a new position would be a good idea * Observe employees at work and earnestly ask for their ideas about better ways to operate; be prepared to put good suggestions into action * Talk to customers about which employees are easiest to deal with or provide the best service * Find out and understand why past employees have left – be truthful with yourself * Talk to customers about their needs * Understand the needs of people the new employee will be working with * Differentiate between â€Å"nice to have† and â€Å"must have† skills and experiences * Look at employees who are performing at a superior level and try to assess the skills and behavior`s that distinguish them; look for evidence of these behavior`s during the interview * Look at similar positions in other companies and the requirements they have * Read books or articles about companies that may have found themselves in similar situations Step 3: Determine the Feasibility of Hiring Understand the costs of hiring- Labor costs, such as salary and benefits, Recruiting costs, which may include advertising in addition to time spent on recruiting activities, orientation and training. Understand the benefits of hiring- * Improved morale of other employees, if a departing employee was a problem or if the area has been Under staffed for some time * Improved morale of existing staff if the growth means new business and opportunities * Improved productivity if a departing employee was not productive or if employees believed that you have made the decision to hire as a result of their input * Increased revenues once a new employee is performing at an acceptable level * A new employee who is more qualified than current employees can help train the existing employees * Increased customer satisfaction and potentially saved business. Understand the risks of not hiring- * Loss of revenues because of an inability to keep up with demand * Loss of employees because they are unwilling to continue being overworked or to do the work of a departed employee * No new ideas or knowledge brought in through new employees If you decide that hiring a new employee is feasible, you are ready to begin the recruitment process. If not, you might need to revisit your strategic plan or business objectives. 3. Supply Forecasting Supply is another side of human resource assessment. It is concerned with the estimation of supply of manpower given the analysis of current resource and future availability of human resource in the organization. It estimates the future sources of HR that are likely to be available from within an outside the organization. Internal source includes promotion, transfer, job enlargement and enrichment, whereas external source includes recruitment of fresh candidates who are capable of performing well in the organization. 4. Matching Demand And Supply It is another step of human resource planning. It is concerned with bringing the forecast of future demand and supply of HR. The matching process refers to bring demand and supply in an equilibrium position so that shortages and over staffing position will be solved. In case of shortages an organization has to hire more required number of employees. Conversely, in the case of over staffing it has to reduce the level of existing employment. Hence, it is concluded that this matching process gives knowledge about requirements and sources of HR. 5. Action Plan It is the last phase of human resource planning which is concerned with surplus and shortages of human resource. Under it, the HR plan is executed through the designation of different HR activities. The major activities which are required to execute the HR plan are recruitment, selection, placement, training and development, socialization etc. Finally, this step is followed by control and evaluation of performance of HR to check whether the HR planning matches the HR objectives and policies. This action plan should be updated according to change in time and conditions.