Effectiveness of Employee Motivation in Google Coursework

Effectiveness of Employee Motivation in Google - Coursework Example This research will begin with the statement that motivation as explained by Burrus et al, is a multifaceted dynamic of forces, desires, drives, and other mechanisms within an individual that establish and uphold voluntary effort directed toward the accomplishment of a particular task or objective. Drawing reference from this definition, employee motivation can be termed as the psychological forces directed at an employee’s behavior in an organization so as to influence their level of effort and diligence in the duties assigned to them. Employers who take the initiative of motivating their employees are in a better position to acquire better organizational productivity, better employee participation and teamwork, and a better average turnover. Google is an American conglomerate, which specializes in providing internet-based services such as search engine service, cloud computing, manufacture and sale of software, as well as online marketing services. Most of Google’s pro fits come from AdWords. Its hasty growth since incorporation has elicited a series of merchandises, acquisitions, and mergers. As a result, Google is one of the corporations with the largest employee base in the world of around 37,000 in 40 countries. Contemporary conglomerates are relentlessly coming up with new methods and techniques to acquire top talent, keep hold of that top talent, and come up with imaginative ways to keep them motivates for paramount productivity. The essay will explore how Google Inc has structured its management so as to endow its employees with the best environment and how it motivates it's them with intrinsic and extrinsic techniques. The essay will also investigate on how effective the motivation techniques adopted by Google Inc have been in streamlining the employees’ effort in the direction of realizing the corporation’s objectives. Before exploring the motivation techniques adopted by Google Inc, it is important to understand some of the theories of motivation so as to get acquainted with the theory Google Inc favors most. Companies have to come up with intrinsic and extrinsic methods of motivation to acquire and maintain top talent. Studies have revealed established valuable theories that are of the essence in the developing strategies of motivation. In the paper, there are the four major theories that have been established.

Health of Transgender Population Essay Example | Topics and Well Written Essays - 2500 words

Health of Transgender Population - Essay Example Transgender is referred as an umbrella term used to describe people of different groups which includes cross dressers, gender queer people, transsexual and others (De Sutter, 2001). In simple words, transgender is used to describe the individuals or groups who defying their gender based roles allocated by the society choose to alter, modify or change it in variety of ways. The term transgender is most commonly used, at present by the people who are uncomfortable with their assigned gender by birth, and deliberately change it. Trans is the short form of the term implying the same meaning and interpretation. However, the level of trans exists in a person may very while some being extreme and undertake medical surgeries to satisfy their needs, while other being at normal or average level who avoid undertaking medical surgeries. However, the identity of trans is not affected by the level, either trans undertake surgeries or not they shall always be recognized as trans but with no other t erms. Female to male (FTM) and male to female are the descriptors that are generally used to describe trans people. However, some people prefer the terms transgender woman or man (same as FTM or MTF), because the terms projects and confirm their chosen character. However, affirmed female and affirmed male are also the terms used synonymously with FTM or MTF. While comparing trans people with non-trans people (mostly for medical terms) natal/bio female and natal/bio male are used to describe normal or non-trans people. It is important for medical practitioners to explicitly define their identity without any hesitation so that assumptions... This paper stresses that the buttocks are much smaller in size as compared to the females. The buttocks are also considered as one sexually arousing part of the female body. In order to give the transgender man undergoing sexual reassignment surgical process, it is essential that they should under buttock augmentation as well. This is the enlargement process of the buttocks. If the patient has not past puberty, the first priority is the hormone therapy. However, in many cases, it might not work and the surgery is essential. The author talks that this surgery is the process in which a transgender individual undergoes a set of medical procedures, through which his or her gender is changed to the desired gender. There are some other common names present for the surgery as well, including the genital replacement surgery, sex affirmation surgery or the realignment if sexual orientation surgery. This report makes a conclusion that the transgender men and women are now not easily distinguishable once they undergo the surgery. With the prosthetic or surgically created vagina, penis and breasts, along with the secondary male and female characteristics, these individuals enjoy the sexual life as much as the individuals born with that particular sex do. While there have been a number of advances in the transsexual gender reassignment surgery, there is still the lacking of the surgical inclusion of the male or female reproductive system. The transgender population can now have their desired sexual orientation, but the reproduction is still a lacking they might feel. As the technology remains to improve, it is possible that this could also be accomplished in the near future.

Relationship Between Management And Shareholders Finance Essay

Relationship Between Management And Shareholders Finance Essay A lot of studies have been done in the matters of earnings management. It is because earnings management can be practice in many ways. There are several research done which covered the topic about earnings management and board characteristics(Saleh, et al,2005), board of directors and opportunistic earnings management (Sarkar et al., 2006), earnings manager and long term performance (Ho, et al 2006), earnings management in education (Misiewicz, 2006), earnings management and IPOs (Spohr, 2004) and so forth. Here in this assignment I put an interest on study of earning management and IPOs. Where I already found several related articles which cover the topic from several countries. The countries cover from the articles that I already found are IPOs in Finland, Japan as well as Malaysia. Before I discuss about earnings management in IPOs in depth, I also discuss about the relationship between management and shareholders. Then I discuss about definition of earnings management from different point of views. Beside that I also get to understand of earnings management through the mechanism as well as the loopholes in accounting standards the can caused the earnings management could happen. I also highlight several method of earnings management that familiarly practices. Eventually, I will discuss the issues of earnings management in IPOs that happen in Japan, Finland and Malaysia. LITERATURE REVIEW Relationship between management and shareholders Financial statements can be seen as medium of information between management of particular company and shareholders. Management is considered as workforces to achieve companies objectives. While shareholders represented as capitals supplier which generated the workforces in order to achieve the objective. Typically only public listed company should disclose their annual report to the shareholders or potential shareholder. The benefit gain from to be listed in any stock exchange are for additional funds, not only to finance further expansion and diversification as well as new projects as well as to reduce debts(Rahman and Abdullah, 2005). Beside that public will see the listed company typically have higher profile and greater visibility which confers greater investors confidence and publicity. The relationship between managers and shareholders in the business world cannot be disputable. This relationship is interpreted under Theory Agency (Bukit and Iskandar, 2009). They are very dependent each other, even somehow there exist conflict of interest among these two parties. In example the shareholders put on trust to agency by contributing huge amount of money in terms of paid up capital, so that agency can generate business and obtain profit and increase the firms value as principles return. Meanwhile agency (managers) is dependent to the principles for remunerations and bonuses as compensation (Bukit and Iskandar, 2009). Because of the great pressure from principles (shareholders) towards the high performance of firms values, so agency commonly practice earnings management in order to be sustained in market place (Jayati et. al.,2006). Definition of earning management Various optional opinions obtain from literature regarding earnings management. Bukit and Iskandar (2009) defined the earnings management may involve manipulation of accounting record, intentional omission or intentional misapplication of accounting o accounting principles. While, Mohanram (2003) define earnings management as the intentional misstatement or earnings leading to bottom line numbers that would have different in the absence of any manipulation. The Baralexis, S., 2004 advocates that earnings management is the process of intentionally exploiting or violating the GAAP or the law to present financial statements according to ones interests. The earnings management activities can break the reliability and credibility of management towards the shareholders. Earnings management is intrinsically related to earning quality (Lopes et al,2006). Schipper (1989) define the earnings management as a deliberate intervention of external financial accounting process with the intent of obtaining some private gain. Her argument of definition is based on a observing of accounting numbers as information. Within the opportunities offered by the accounting system, managers could exercise manage earnings by selecting accounting methods within GAAP or by changes in the ways given methods or policy (Ismail and Weetman, 2008). On the other hand, Healy and Wahlen (1999) define earnings management as an activity where manager used their discretion to adjust financial report either to misled stakeholders or for self interest. Earnings management also known as creative accounting or cooked the book may have twofold purposes. First to stop shareholders from withdrawing capital and second, as a means of reporting favorably on stewardship and performance (Devi et al., 2004). Perhaps, the main reason why companies use earnings management is because of the pressure placed upon management to show favorable returns on their investors money. This idea of seeking to please shareholders is reinforced by Agency Theory (Bukit Iskandar, 2009). Theory agency states that individuals seek to maximize their own utility, and act only in the individual best interest (Hooper et. al., 1998). So, acting in the companys best interest, management will manage the earnings to enhance their financial reporting, and therefore protect the basis of their contract (Mathews Perera, 1996). Pressure from management, therefore, may cause accountants and auditors to accept in producing favorable reports to shareholders using earnings manag ement techniques to improve results (Hussey,1996). Earnings management mechanism The practice of earnings management occurs because of the availability of different acceptability accounting accrual choice to be applied for determinant of reporting income. There are several mechanisms of implementing earnings management. First, is what they called as big bath. This type of earnings management is when the company could not reach their target in certain period. Normally companies target is based on previous performance. Then when firms are way below their target, they have an incentive to make things look even worse (Mohanram, 2003). There are several ways to make it worse such as the company will take large reconstructing charges, increase in provision for bad debt, and take other income decreasing accounting decision. This kind of practices are bound under two reasons which is firstly it is highly impossible that any amount of earning management will get them over the target and secondly the cost to make it worse are typically minimal. Therefore, any improvements in performance will perceive that managers are more credible and greater credit for turning around a firm. Some other way of perception regarding big bath is when manager takes over responsibility for a unit there is a motivation to make as much as provision that ensure any losses appear as the responsibility of the previous manager (Amat and Blake et al,1999) Second mechanism is what they called cookie jar accounting. This practice of earning management is when the company relatively to achieve above target, they may again have an incentive to reduce earnings. Typically there is little benefit in going way above a benchmark. Consider a firm which expects to report an EPS of RM3.80 for a given quarter when expectations hover around RM3.00. Especially when economic boom-up. Such a firm may report an EPS of RM3.30, but it still beating expectations. The remaining 50 cents of EPS reduction may come in handy in future quarters when the firm is slightly below targets. By reducing current period income, firms implicitly save some of these excess earnings for the future when they may be more valuable. The mechanism of the earnings management can be illustrated as below: Sources: Mohanram, 2003 Standard board point of view Earning management also be called as creative accounting. Creative accounting enable managers to cook the book and window dress their company by taking advantage of the loopholes in accounting standard. Due to this activity of earning management and thus provide doubtful of information in financial statement, so such information become unreliable. Therefore the users of financial statement will make wrong decision based on manipulated accounting numbers. Unfortunately, GAAP make such a room to accountant to make a manipulation since it allow accountants to use their discretion to make decision which is needed. In addition creative accounting is not against the law, in the hands of less a scrupulous managements, it can be dangerous instrument of deception (Naser, 1993). The common methods used by changing the assumptions for accounting standard. Methods normally applied for manage the earnings The very common method of manage earnings that normally applied by practitioners is as below: Changing the assumptions for accounting standards. For example Change in depreciation policy by extending depreciable lives periodically and justify it on the grounds that the change brings them in line with industry standards. Capitalization of expenses that previously expensed, increasing the extent of capitalization, slowing down amortization of previously capitalized expenses Reducing the provisions for bad debts. This is what people say of accrual discrepancies. Reducing income by taking on large one-time charges. For example restructuring charges. Managing transactions, whereby companies will create last minute sales by sending up a bundle of inventories to the customers by free charge for 3 months (let say) and recorded in a book of account receivables. Earnings managements and IPOs-Evidence from Finland This study had been made by Sphor (2004). His study had been used a sample companies on 56 firms that went public in the years 1994 to 2000 on Helsinki Stock exchange. The author want to prove that there is a presence of earnings management in initial public offerings (IPOs) of Finnish firms. Virtually, there is several studies have documented the presence of earnings management in IPO firm (e.g. Friedlan,1994, Teoh, Welch and Wong, 1998 and Aharony, Lee and Wong, 2000). The reason for such study is in IPO normally the earnings management practice difficult to detect from the income statement and the balance sheet, thus investors would benefit from other information that reveals the probability of earnings management. It is because managers and owners incentives to manage earnings are used to assess the likelihood that earnings management is used before IPO (Spohr, 2004). According to Aharony et al (2000), the earnings management likelihood in Chinese IPO firms varied across industri es and listing location. They suggest the noted differences in opportunistic behavior to be a result of mangers incentive to manage earnings and their possibilities to do it without detected. IPOs are priced by discounting the companys future cash flows and by observing the market values of similar publicly traded companies. At the time of their IPOs issuing companies seem to sell below market rates as their share prices are often underpriced, meaning that their value at the close of day one trading is higher than the initial price of the stock (Ritter, 1991). During the high IPO activity period that ended in year 2000 the initial returns were on average high. The in Finland found, the biggest initial profit was generated by F-Secure whose stock rose on its first trading day on November 5, 1999 from the initial offering price of 7.70 euros to 27.45 euros. The initial underpricing of Initial Public Offerings(IPOs) fits poorly to the long-term return on IPO shares. Ritter (1991) shows that IPO firms on average give poorer three-year returns than other listed firms in comparable sizes and industries. He explains this weak return on IPO shares with timing. Firms time their IPOs to the periods when the market overprices the firm, its industry and IPOs in general. The weak share performance after the IPO can also be explained with earnings management. If the firm before the IPO artificially boosts its value through managing earnings, the market will sooner or later find out the true performance of the company and devalue its shares. Compared to bad accounting or simple randomness, the distinguishing feature of earnings management is the presence of intent. Studies identifying earnings management usually make the assumption that intent is present in the circumstances where the tests are made. In research testing for earnings management in IPO firms it is assumed that it is capital market motivations that drive the firms to earnings management. The aim is to maximize the companys equity value and through this increase the owners wealth and reduce the companys financing costs. The most commonly used method to test for earnings management is the examination of accruals because they are easier to manipulate than cash flows. Abnormal accruals are considered as a sign of earnings management. The major problem in earnings management studies is how to determine if accruals are abnormally high or low. Most models used to estimate the normal level of accruals base their estimations on the firms past accruals or comparable firms accruals. In the literature the normal and abnormal accruals are usually called nondiscretionary and discretionary accruals. In particular, the research based on U.S. data provides strong evidence of discretionary accruals in IPO firms. Additionally, Teoh, Welch and Wong (1998) show that discretionary accruals can be linked to companies long term stock market performance and thus challenge the efficient market hypothesis, as the market fails to account for the manipulation. When they grouped firms by the magnitude of discretionary accruals before the IPO, they found that firms in the quartile with the lowest discretionary accruals (negative) outperformed the market by about 4% over three years, whereas firms in the quartile with the highest discretionary accruals underperformed the market by about 25%. To date there have been at least three studies on earnings management in Finnish IPOs which from Ora (2000), Eriksson (2001) and currently Spohr (2004). First study is to showing that earnings management has been present in Finnish IPOs, Ora (2000) investigates if there is any difference in earnings management behavior between 1980s and 1990s IPOs. Her results indicate that earnings management seems to have vanished in the later period. Applying a total accruals measure Oras tests are affected by the substantial changes in discretionary reserves that Finnish companies could use for managing earnings. These visible forms of earnings management vanished gradually in the 1990s due to the accounting legislation reform. Second study done by Eriksson (2001), whereby the tests for earnings management on a similar sample to this study and uses a financial ratios model called the Beneish M-score. The higher the M-score the higher is the likelihood that earnings management has occurred. Erikssons M-score averages of the sample indicates that no earnings management were present in the financial year closest to the IPO. Finally finding obtain from Spohr (2004), the firms ownership structure and the pre-IPO owners share of ownership decrease in the IPO were used to formed expectations about the likelihood of finding earnings management before the IPO. Earnings management was hypothesized to be present in the entrepreneur owned but not in the institutionally held firms. Furthermore, the probability of earnings management was assumed to be related to how much the entrepreneurs ownership decreased in the IPO. The profitability of the total sample of 56 Finnish IPO firms showed a relatively high level of profitability in the critical period for which earnings management was tested when compared to three periods before and after the critical period. The most significant change in profitability occurred in the entrepreneur firms after the IPO. To answer the question of whether high profitability was only a result of successful timing, earnings management tests were conducted on accruals. The results suppor t the hypothesis that entrepreneurs manage earnings before the IPO. In contrast to expectations, earnings management behavior seemed not be affected by how much of their ownership entrepreneurs gave up in the IPO. In the institutional owned IPO firms, no evidence of upward earnings management before the IPO was found. The limitation of the study is the sample is small. Earnings managements and IPOs under pricing -Evidence from Japan This study had been done by unstated authors in the year 2010. The study is based on the sample of 910 firms that went public in Japanese market between 1995 and 2005. The area of the study is would like to seek whether initial public offerings (IPO) are undervalued or overvalued using comparable firm multiples, (2)whether and how earnings management affects under or overvaluation, and (3) whether and how under /over-valuation and earnings management affects IPO under pricing. The underpricing phenomenon is such of common controversy covered in previous literature on Initial public offering companies over the business world. It is well known when companies go to public, the price at which investment banker sells the stock to investors in generally below the price at which the stocks trades in the secondary market shortly thereafter, resulting in a substantial price jump on the first day o trading. The meaning of IPOs underpricing is does not mean of undervalued (Purnanadam Swaminath an, 2004). The case in Japan the authors had examined whether Japanese IPOs are undervalued or overvalued using comparable firms multiples, similar method as done by Purnanadam and Swaminathan (2004). Then he investigates the relation between under or overvaluation and first-day return (underpricing). Later on, they identified the way of earnings management affects under or overvaluation and underpricing. Lastly the authors found that about 60 to 70% of Japanese IPO firms are undervalued relative to their industry peers, and most of undervalued firms have positive first day return consistent with the asymmetric information models of underpricing. On the other hand, overvalued firms consisting of 30-40 % of IPO firms also earn 7% to 12% higher first day return, and pre-IPO year abnormal accruals and the magnitude of underpricing are positively correlated when firms are overvalued. These findings suggest that IPOs are overvalued more in hot issue periods when investors tend to be optimistic about the future performance of the IPOs, while underwriters undervalue IPO firms in usual market condition. Earnings managements and performance towards IPO companies Issues in Malaysia This IPOs issue on earnings management was revealed by Rahman and Abdullah (2003). They are trying to identify the causes of firms issuing equity produce poor returns to investors in the long run by exploring the potential opportunities for earning management during the period prior to the public listing and its correlation with initial listing and post issues performance. The study covered 187 IPO valid firms identified from Bursa Malaysia Investors digest since January 1989 upward to December 1998. There are various of industries selected including tradings and services, Consumer product, construction, Properties, Infrastructure and Project companies, plantation, industrial product and hotels. The method used in this study is similar with previous study made by Abdul Rahman(2000), Tay (1993) and Ritter (1991), whereby this study is measuring abnormal return using a buy-and-hold returns approach. The Abnormal return are calculated based on the difference between holding period returns of sample IPOs firms and control companies. Further the study focuses on current accrual as the source of earning management. The types of accrual is whether discretionary accrual or non discretionary accrual. This justification is based on the definition of discretionary accrual itself which is those manipulated earnings that are determined at the discretion of management (Dennis and Michel, 1996 and Teoh et al,1998). The example of discretionary accrual the changes in allowance for doubtful account because on managements interest. According to Teoh et al (1998) the discretionary current accrual are actually superior proxy for earnings management. While in contrast the nondiscretionary accrual is the change as a result of managements accounting decisions that are of interest to the firm (Rahman Abdullah, 2005). As stated example, during the economic growth, one would expect accruals such as account receivables and account payable to change as sales increase without earnings management occurring. The most interested in this issue on IPOs is whether the investment activities in such companies will benefit investors who invest in the company. There are several studies whether done in overseas or Malaysia has been shown that IPO is a wealth reducing investment to investors in the long run. The evidence have been seeking in US whereby they found that IPO as poor long run investment for investors (Ritter, 1991; Loughran and Ritter, 1995 and Teoh et al, 1998). Also have been proven this similar issues happen in Malaysia of poor post issue performance (Ku Ismail et al, 1993 and Pok et al, 2000). The result of the study by Rahman and Abdullah (2005), found that IPO in the average have experience significant positive abnormal return relative to the non-IPO firms during the initial period if the measuring taking to consider of offering price to the end of the day listing price. However the IPO firms is obtain significant negative towards share return relative to their control firms during the first, second and third year following their initial listing on Bursa Malaysia. To solve the research question to why firms issuing equity produce poor returns to investors in the long run, the authors found that Malaysia IPO firms manage their earnings upwards in the year prior to public listing on Bursa Malaysia. Furthermore, those IPO firms that manage earnings are not significantly different between industries but are significantly different between the Main and Second board. Subsequently, the result on their study in relation between prior earnings management and post issues share return performance after the initial public listing is no significant relationship. The result sustain with respect to IPO firms with high or low level of earnings management. In addition according to the Rahman and Abdullah (2005) there is no evidence to suggest that the pre offerings earnings management is able to predict the abnormal returns during the initial period and over one to three years following equity offerings. This argument actually had supported from previous literature made by Ku Ismail et al. 1993 and Shivakumar, 2000), whereby they mentioned that the positive abnormal return during the initial period may be due to the underpricing by underwriters and also as a result of asymmetric information among investors during the announcement period. The result of positive share return at the initial period is actually contradicted with the literature from Teoh et al (1998). He argues that the investors are unable to fully understand managerial earnings at the time of equity offerings and ends up a high offer price. The possible reason of negative significant post issue return one to three years after listing may be due to the unfavorable earnings revealed by media, analysts report and financial statement after the offering(Rahman Abdullah 2005). CONCLUSION In a review of earnings management in IPOs literature, Spohr (2004) and Rahman and Abdullah (2005) are identify a range of potential significant incentives to undertake earnings management. It is including contracts written in terms of accounting numbers, capital market expectation and valuation and government actions. Managers of an IPO company probably motivated to manage earnings in the reporting period following the IPO in order to align more closely with the prediction for the period (Ismail Weetman, 2008). In addition, Ismail and Weetman also found that managers also motivated to manage earnings to increase their short term wealth at the expense of the long term value of the firm. According to Rahman and Abdullah (2005), IPO companies have an opportunity in manipulating offering-year discretionary current accrual and non discretionary current accrual. I noticed here there are several opinions regarding the IPOs market return begin with when company went to public upward to three years later. Therefore the investors in particular should concern with any information announced by the firm before attempting to invest. There are some evidence mentioned that the investing in IPO is kind of short term wealth. This could be happen because there is an existence of earnings management in their operation in order to meet the requirement by Securities commission.

Jane Eyre?s Self-Discovery :: essays research papers

The novel Jane Eyre, by Charlotte Bronte consists of continuous journey through Jane’s life towards her final happiness and freedom. Jane’s physical journeys contribute significantly to plot development and to the idea that the novel is a journey through Jane’s life. Each journey causes her to experience new emotions and an eventual change of some kind. These actual journeys help Jane on her four figurative journeys, as each one allows her to reflect and grow. Jane makes her journey from Gateshead to Lowood at the age of ten, finally freeing her from her restrictive life with her aunt, who hates her. Jane resented her harsh treatment by her aunt. Mrs. Reed’s attitude towards Jane highlights on of the main themes of the novel, the social class. Jane’s aunt sees Jane as inferior, who is less than a servant. Jane is glad to be leaving her cruel aunt and of having the chance of going to school. At Lowood she wins the friendship of everyone there, but her life is difficult because conditions are poor at the school. She has come to be respected by the teachers and students, largely due to the influence of her teacher, Miss Temple, who has taken a part as a mother, governess, and a companion. Jane has found in Miss temple what Mrs. Reed always denied her. Also at Lowood Jane confront another main theme of the novel, the natural violence, which is depicted by Bronte then typhus kills many of the students including Jane’s best friend, Helen Burns. This scene is especially important, because it makes Jane stronger, which is appropriate, as mentally strong people cope with violence in a more rational way. As Jane grows up and passes the age of eighteen, she advertises herself as a governess and is hired to a place called Thornfield. Although journeying into the completely unknown, Jane does not look back, only forward to her new life and her freedom at Thornfield. This particular journey marks a huge change in Jane’s life; it’s a fresh start for her. Another important journey Jane makes is from Gateshead back to Thornfield having visited her aunt Reed on her deathbed. By then Jane realizes that she loves Rochester. A key theme is raised here, Jane fierce desire to love and to be loved. She feels alone and isolated when she has no friends around her. This is a sharp contrast compared to other characters’ search for money and social position.

Company Law Essay

Promoters, as defined in Twycross v Grant (1877) 2 CPD 469, are persons who involved in the incorporation of a company. And the common law has extended the scope of â€Å"promoter† further in Tracy v Mandalay Pty Ltd (1953) 88 CLR 215. In this case, the High Court held that the promoters are not just these persons who take an active part in the formation process, but also these who profits from the operation of the company with a passive role. Applying this doctrine to the case study, Alicia can be regarded as one of the promoters of Batco Ltd, since she had involved in the formation of the company and ranked as one of the three directors after the registration. It’s also noticeable that the other two directors, Adam and Robin, were former employees of Alicia. Thus, even though Alicia didn’t play an active role in the formation of the company, the connection between her and Batco before and after the registration was solid. According to Aequilas v AEFC (2011) 19T ACLC 1006, the legal consequence of a person being identified as a promoter is that such person owes stringent fiduciary duties to the company and its shareholders. They are required to act in good faith and place the company’s benefits over their own (Harris, Hargovan and Adams 2011). More specifically, in Erlanger v New Sombero Phosphate Co (1878) 3 CA 1218, the House of Lords held that promoters have the duty of fully disclosure to a board of independent directors of the material facts when they enter into contract relations with the company; Or, as stated in the in Aequilas v AEFC (2011) 19T ACLC 1006, the court also accepts an explicit disclosure made to shareholders. Taking these judgments into account, Alicia, as a director of Batco Ltd, as well as a promoter, breached her fiduciary duties. Because Alicia, as a party to the contract with Batco, didn’t make known the notification she received from a government clerk to the company before they entered into the co ntract. Although without official announcement, the rezoning of the area was only a speculation, the unveiling of this information could prevent Batco from buying the site at that price, as the reassigned area could have a change in value. What more, a secret profit was obtained by Alicia in the selling of property. Despite that she made a disclosure of the actual profit she earned to Adam and Robin, these two directors could not fall into the group of independent directors. Additionally, even after Alicia had informed them about her real gain, in the prospectus Batco Ltd made to its shareholders, the profit  number was falsely presented. Thus, Alicia also contravened the promoter’s duty of disclosure to the company’s shareholders. Once the breach of fiduciaries is established, Batco Ltd and its shareholders can sue Alicia, Adam and Robin for remedies. Under s 729(1) in Corporation Act 2011(Cth), the damaged party has right to recover the amount of the loss or damage resulting from contravention of duty of disclosure. And under s 729(3), the time for taking a legal action under s 729(1) is limited to in 6 years after the happening of the breach of disclosure duty. In Erlanger v New Sombeoro Phosphate Co (1878) 3 CA 1218, the judgment rescinded the initial contract and the damaged party was allowed to recover the purchase price. Similarly, in Glukstein v Barnes (1900) AC 240, a promoter was required to account to the company on the secret profit he realized from the breach of fiduciary duties without voiding the contract. Therefore, one likely outcome in this case study is Batco and its shareholders suing Alicia to rescind the purchase contract within 6 years after the happening of the breach of disclosure duty. As a result, Batco can recover the purchase price and return the site to the vendor, Alicia. Another possibility is Batco suing Alicia for breach of fiduciary duties and only require her account to the company for the secret gain. However, considering the unpredictable effect of rezoning on the purchased site, the former one would be a better option for Batco. According to Frino and Segara (2012), there are two elements of transaction costs, being the explicit and implied c osts. Explicit costs include brokerage fees, exchange fees and government taxes which will not be discussed in this report as the trading exercise was performed without incurring such costs. Implied costs emerge when share prices become unfavourable due to effect of the share trades. These unfavourable expenses are difficult to estimate and deduce as they usually happen in a random manner (Frino and Segara, 2012). There are three types of implied costs which will be discussed below. Firstly, every trader will be exposed to bid-ask spreads (Frino and Segara, 2012). Bid-ask spreads are the gaps between the highest purchase price and the lowest selling price at which the dealers are keen to trade upon. Thus, the median of the bid-ask spread is deemed as the reasonable price.  According to Frino and Segara (2012), when a dealer needs to complete a particular transaction urgently, the deemed reasonable price mentioned above will be forgone as the dealer will require immediate liquidity by purchasing or selling the shares at the stated bid or ask price. There are many ways and choices for a company of fundraising their commercial scheme and activities. One of the choices is through corporate fundraising to offer securities to attract public and outside investors. The statutory provisions in related to the process is located under Ch 6D. Under the Corporate Law Economic Reform Program Act 1999, the required standard full-disclosure document while public companies undertaking fundraising is as prospectus (zuozhe 267). In the case, Jaan Company wants to expand its market and decides raising funds through offering securities and has two options to choose: the first one is raising 10 million and keeps domestic; another one is raising 20 million and expand international. They decide to use offer securities to raise fund which means they will need to face a standard required prospectus to the public. According to Section 709, there are four types of disclosure documents. First is prospectus, which is the most common form of disclosure docu ment and under Ch 6D s709 (1), it must generally be prepared for an offer of securities. However, if the raising capital fund is not exceeding 10 million, the prospectus is not compulsory to be prepared.   The second type is short form prospectus. This type is permitted to reduce the length and complication of prospectus that are distributed to potential investors. The third type is an offer information statement. Under an offer information statement, the amount to be raised from the issue of securities is 10 million or less. The last one is profile statements. This type is prepared as an addition to a prospectus and a reform to simplify policy objective and reduce the volume of disclosure objects. Under the circumstance, for the option 1, an offer information statement is appropriate. The offer information statement is comparative simplified and according to the Corporations Acts, it is intended to facilitate more efficient capital raising, especially for start-up and small and medium sized enterprises(zuozhe, 268). The disclosure requirements are lower level than for a prospectus. Under offer information statements, the company is required to state the information about the compa ny (including  explain the company’s business and the nature of securities, the financial audited statements within the previous 6 months), explain why the company needs to fundraising, disclose details about risks involved and all amount payable. In addition, it also must state to investors that it’s different and lower level compare with prospectus, remind the investors should acquire professional advice. Furthermore, the copy has been lodged with ASIC who takes no responsibility for its contents is required. For option 2, a detailed, full-disclosure prospectus is required. The obligations are concluded as following (zuozhe, 266): firstly, all the information, which is also guaranteed reliable and available at the same time, need to be provided in a prospectus to all investors that they might realistically need to know in order to make a decision about the company’s investment proposal; secondly, the documents must enclose all the risks associated with the c oncerned industry in which the company operates; thirdly, it is necessary that the disclosure of material information is in an effective way for fundraiser to undertake inquiries as well as disclose details which can enable investors to make a more accurate assessments about securities in a cost-effective way. I will recommend option 1in this case. Jaan is a small manufacturing business and not a mature company; it has not enough experience and comparative low capital base as well less able to meet the costs of raising capital. Compare with mature company, Jaan is less able to meet the risks to challenge the market changes and adapt quickly. Offer information is particularly suitable for the small and mid-sized enterprises; it has lower requirements than prospectus and also more flexible for the company. Part 2 According to S 728, if a disclosure document has following characteristics, then it would contravene: misleading or deceptive conduct; omission form; a circumstance that is required to disclose in the document but the company has not and the circumstance is raised as a problem. In this case, Jaan has a very positive forecast in the sales and profit in the following years; however, it has not happened. The company said the market needs of snowboarding are huge and the company has confidence to forecast that they have made a right choice. Unfortunately, the company is circulated these forecast without reasonable basis and inadequate marketing research. Furthermore, in order to attract investors, the company is using New Zealand’s snowboarding popularity diagram rather than global or Australia. Under this circumstance, the company has misled the investors and make them have a wrong perception of the company’s vision. In addition, the company also comes out a new circumstance: abnormal weather patterns caused by global warming will make the company to face a huge loss. This is unexpected but this circumstance should have been disclosed in the document. Under the Ch 6D, the company should disclose all the relevant risks to enable the investors to make a cautious decision. Nevertheless, the company only focus on the bright side of the future and miss to present the potential external factors that may influence the sales of the company. All these would be the facts that the company’s disclose document has contravened and will face a remedy for the investors.Similar case for Jaan’s investors can look at is Cad ence Asset Management Pty Ltd v Concept Sports Ltd (2005): the defendant were misleading the investors about the company’s outlook, the court decision is disagree the defendant’s defence and upheld the plaintiff to recover the loss suffered. Defendants may avoid their liability if they can satisfy the defences set out in ss 731-733. In this case, according to section 731, Jaan may avoid liability if they can provide evidence that their sales forecast is based on reasonable grounds, there is no misleading for the investors. And in order to defend successfully, the company also needs to show that they undertake that they can confirm their information is based on reasonable basis and the accuracy is creditable in the prospectus (zuozhe, 288). Furthermore, Jaan should also to prove that they were unaware of the changing weather to make the company to bear the loss. These can be potential defences for the company. However, the case Cadence Asset Management Pty Ltd v Concept Sports Ltd (2005) has shown that if the company has a behaviour of misleading the investors in breach of s 728 (zuozhe, 287), Jaan may not be succeed in the defences based on the following facts: they use the wrong popularity diagram to forecast the sales (besides, the company also know this fact), this is misleading to the investors; in addition, the changing weather should be a relevant risk which must be disclosed to the investors. Investors have rights to know the risks associated with the operation. Base on those facts, the company may fail to defence.

My Goals As a Professional in Both The Country I Intend To Practice and the Developing Countries

I am very passionate about medicine partly because I grew up in a similar environment for twenty one years. My mother and grandfather practice Medicine back at home. Owing   to   the   principle of   nature   that   we   are   what we repeatedly do, I   got   into   the   habit   of   always working with and helping the   sick at a tender age.But   to exalt   my   family for the passion without   acknowledging   the   experiences   that   have   shaped   me   would be like noticing the beauty of the rain   but failing to realize that it has   enriched the soil. I remember vividly some time back the friendship and laughter I shared with one Francisca-a 14 year old girl in a high school with children suffering from cerebral palsy, but today as I speak, she is no more.I   also   remember   the   good   old   days   when   my   grandfather-one   that   I   love   so   much, was   healthy, energetic, and    full   of   life, but   today   as   days   go   by, he   gradually   becomes   weak, exhausted   and   uncertain   of   what   life   has   in   store   for   him. He   suffers   from   COPD; a   disease   that   takes   your life   over time. It   weakens   the   functioning   of   your   lungs   with   years   until   one   resort s   to   using   different  Ã‚   oxygen   masks   to   breath   through.These   few   but   life   changing   experiences   fueled   my   drive   to   help   people   in   similar   or   even   worse   situations. My   purpose   of   seeking   for   this   sponsorship   therefore   is   to   enable   me   attain   the   academic requirements   and   skills   that   cut   across   the   board.It   is   also   on   the  Ã‚   basis of   the   fact   that   United   States   is   far   ahead   with   technological   advancement, a   good market   place   for   doctors   and   hospitals   which   constitute   a   good   market   base   for   enrichment   of   knowledge   and   skill.Besides   this, I intend   to   practice   in   United   States   with   the   view   of   contributing   to   the   social   and   economic   development   by   helping   the   needy   access   medical care   easily   and   disseminate   information.As   established   by   various   researches, America   is   rated   as   one   of   the   poor   providers   of   medical   care   as   compared   to   other   developed   states. This   is   because   health   care   in   the   States   is   governed   by   the   free   market   mechanism   where   the   self   interests of individuals   h ealth wise is directed   by   supply   and   demand   principle. This   in   my   view   depicts   that   the   health care   system in the United States to be more   of   a private   affair   where   the   government   plays   a   minimal   role   through   government   assistance   programs.This in  Ã‚   my view is not sufficient. As   a result, millions   of   Americans   are   missing   out   on   good   health   care   thus   lowering   their   life   expectancy, standard of living, leverage   and so on. It   is   noteworthy that   health care is   one   of   the   fundamental   rights   envisioned   in   the  Ã‚   Universal   Declaration   on   Human   Rights   and   the   American   Constitution- â€Å"every   one   is   entitled   to   equal   opportunity† (Dolores la Guardia and Guth, P. H. (2000)., thus the issue should   take    prominence   in   government's   budgetary   allocation.In   view   of   this   therefore, my   purpose and goal therefore while practicing in America   would   be   to   assist   in   bridging   the   disparity   by   offering   free   consultative   services   and   dissemination   of   information   regarding   good   health   care   practices   in   schools, hospitals   and   organizations   to   enhance   the   living   standards   as   well   as reduction   of   costs   with   regard   to   medical   expenses.I   am   certain   that   with   the   exposure   in   St   George’s medical school would   give   me   a   wide   range   of   experience   that   cuts   across   the   board   if   given   a   chance.In   agreement   with the   foregoing, I   will strive   to   work   in   close   connection   with   developing   countries   to   help   eradicate   epidemiological   diseases   through   facilitating   contacts   to   ensure   that   sharing   of   information, skills   and   experience   is   possible. While   dealing   with   the   above consideration   will   be   made   on   social ,political, economic   and   technical   situation   of   the   developing   countries.The   purpose   of   my   undertaking   would   be   with   the   aim   of   phasing   out   the   deployment   of   expatriates   and   replacing   it   with   partnership   model   so   as   reduce   medical   costs.I feel strongly that by focusing on the above issues, I will be making my contribution to humanity and giving back to the society. I therefore request that you consider my application for a sponsorship as this will go a long way in assisting me to realize my profess ional objectives of making the world a better place.References:Dolores la Guardia and Guth, P. H. (2000). American Voices, Culture and Community.Toronto. Mayfield Publishing Co.

Free Essays on Bravery

On September 11, 2001, the firefighters and policemen of New York exhibited chutzpah to the world. David, of the Bible, was said to be a man after God’s own heart. He too showed chutzpah when he faced and defeated the giant, Goliath. Bravery, (or chutzpah) is the quality of mind determining action that enables a person to face difficulty, danger, etc. without fear and in a bold, daring, or heroic way. Many individuals, as well as groups have displayed bravery and courage throughout history. One of the most recent and well-known examples were the fearless firefighters and policemen of New York during the events of September 11th. They did not think of their own safety and well being, but rather only thought of those in danger inside the twin towers. The extreme danger that awaited each one of them as they entered was not fully understood, but nonetheless, they were daring in their attempts to save those in peril. Another Biblical example, would be King David of the Old Testament. When he was merely a boy, he volunteered to represent his army in battle. All the other members of the army were scared of the giant named Goliath. David was brave. He fearlessly faced Goliath with boldness and determination, killing the giant. Many may feel brave, but what sets a few above others is overcoming or setting aside his or her fears to accomplish that act in a bold, daring, or heroic wa y. Next, one might wonder what it is that drives or helps a person to be heroic. Many times, people act on what is called the spur-of-the-moment. This type of courage is almost always instinctive. An example of this would be a soldier in battle who sees a fellow soldier wounded, then risks his own life to help the other soldier in need. Another example of showing bravery is a planned one. A planned act of bravery is developed when a problem is encountered. When a bank is robbed and there are hostages being held, a swat team must plan their invasio... Free Essays on Bravery Free Essays on Bravery On September 11, 2001, the firefighters and policemen of New York exhibited chutzpah to the world. David, of the Bible, was said to be a man after God’s own heart. He too showed chutzpah when he faced and defeated the giant, Goliath. Bravery, (or chutzpah) is the quality of mind determining action that enables a person to face difficulty, danger, etc. without fear and in a bold, daring, or heroic way. Many individuals, as well as groups have displayed bravery and courage throughout history. One of the most recent and well-known examples were the fearless firefighters and policemen of New York during the events of September 11th. They did not think of their own safety and well being, but rather only thought of those in danger inside the twin towers. The extreme danger that awaited each one of them as they entered was not fully understood, but nonetheless, they were daring in their attempts to save those in peril. Another Biblical example, would be King David of the Old Testament. When he was merely a boy, he volunteered to represent his army in battle. All the other members of the army were scared of the giant named Goliath. David was brave. He fearlessly faced Goliath with boldness and determination, killing the giant. Many may feel brave, but what sets a few above others is overcoming or setting aside his or her fears to accomplish that act in a bold, daring, or heroic wa y. Next, one might wonder what it is that drives or helps a person to be heroic. Many times, people act on what is called the spur-of-the-moment. This type of courage is almost always instinctive. An example of this would be a soldier in battle who sees a fellow soldier wounded, then risks his own life to help the other soldier in need. Another example of showing bravery is a planned one. A planned act of bravery is developed when a problem is encountered. When a bank is robbed and there are hostages being held, a swat team must plan their invasio...

Major HRD Issues

Major HRD Issues Human resources development (HRD) has acquired a lot of attention lately as the contemporary highly competitive business world requires 100% productivity of the organisation and each member of the staff. There are a number of issues within the area of HRD which should be addressed.Advertising We will write a custom essay sample on Major HRD Issues specifically for you for only $16.05 $11/page Learn More However, it is possible to single out four major issues which need special attention. These issues are concerned with productivity, training, motivation and diversity of the workforce. Notably, these areas are interrelated, which should be taken into account by HR specialists. Large amount of literature on development of office workers’ skills can be found nowadays. As for development of workers of manufacturing organisations (e.g. textile industry), there is certain lack of consistent surveys and research (Ghazali Halib 2012). It is possible to consi der the major HRD issues in terms of manufacturing companies to outline main areas to research. Executives, managers and researchers agree that productivity is one of the major issues of HRD (Sims 2007). It has been acknowledged that productivity should become a priority for workers to make a manufacturing company profitable (Ghazali Halib 2012). Admittedly, workers of a manufacturing company should be motivated to work harder. Each employee should strive for 100% productivity. York (2009) provides an example of the importance of each employee’s involvement into the development of the company’s productivity. Thus, one of the General Motor’s plants in California experienced various issues concerning productivity. In 1984, the company started: a joint venture with Toyota with a focus on teamwork between labor [sic] and management and a collective bargaining agreement that described the workers as professional partners committed to the New United Motors Manufactur ing Inc. (York 2009, p. 273) This incentive proved to be effective as productivity of the new venture was 40 per cent more efficient than a typical productivity of a GM plant (York 2009). The workers were motivated to perform better as they understood that their productivity could be beneficial for them and the overall company. This is only one of many examples that justify the importance of workers’ productivity as well as importance of motivation.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Workers involved in textile industry can also be motivated in the same way. Though, it is necessary to admit that such measures are quite drastic. As has been mentioned above setting proper standards will be beneficial for any manufacturing company. High quality of products is crucial for textile manufacturing companies. Workers should understand that only specific quality of produ cts can be regarded as acceptable and such characteristics as speed, amount of the products produced cannot be primary. Notably, there are many strategies to develop productivity. As has been mentioned above, motivation is one of the most important factors to pay attention to. The example of GM plant represents one of ways to develop motivation. Apart from making workers’ ‘professional partners’, it is possible to exploit a variety of strategies. Ghazali and Halib (2012) consider effectiveness of a specific incentive implemented on one of Malaysian manufacturing companies. The major motivation strategy was financial reward, i.e. additional payment for enhanced productivity. Reportedly, this incentive had quite controversial effects. On the one hand, workers were motivated to work harder and produce more. However, such commitment was not very cost-effective as it led to various defects, equipment breakdown, etc. Therefore, it is necessary to note that motivation s trategies need to be developed and improved to fit specific industries. It is important to exploit a variety of motivation incentives, which are not confined to extra payment. Workers can obtain extra days off. It is possible to grant permission to work flexible hours. Promotion is a very potent tool to motivate workers of manufacturing companies. Training is also a very effective incentive to motivate workers. It is important to understand potential of each worker and if there is a worker who is eager to perform other tasks, supervisors and eventually the company’s owners should give this person such an opportunity. When it comes to textile industry, some workers may be interested in developing their skills.Advertising We will write a custom essay sample on Major HRD Issues specifically for you for only $16.05 $11/page Learn More Thus, some may want to develop computer skills and some may have desire to be a designer. All these inclinations and abil ities should be taken into account. These workers can become high-skilled professionals, which will be beneficial for the company (and overall industry). When it comes to a textile manufacturing company, it can be helpful to present products of the company to workers who perform well. This incentive can be regarded as a motivation incentive as workers’ performance is appreciated and they are praised. At the same time, this can positively affect products’ quality as workers will remember that the products they produce can become their reward. Admittedly, people tend to create better things for themselves than for other people. Nonetheless, motivation is not the only factor that affects productivity, especially when it comes to manufacturing companies. Training plays a very important role in enhancing productivity. Birdi et al. (2008) claim that extensive training, empowerment and development of teamwork skills positively affect productivity of manufacturing companies. A t that, development of training programs requires quite a lot of precision. In the first place, Bayat (2011) notes that it is important to reconsider performance evaluation as existing standards do not meet needs of the modern business environment. Evaluation of productivity should be thoughtful. Many executives are eager to set quite high productivity standards which are hardly achievable. This strategy is very tempting but it is ineffective and even harmful for a manufacturing company as it leads to lack of motivation in workers. It is also important to take into account physical and psychological abilities of employees. Supervisors should understand whether a worker can fulfil this or that task. It is important to train workers who will be able to benefit from the training obtained as sometimes all workers take certain courses but never use the knowledge and skills acquired (Werner DeSimone 2011). Admittedly, this is not cost-efficient.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More When it comes to manufacturing companies, training should address specific group’s needs. Each worker’s performance and potential should be taken into account. It is necessary to add that development of proper training strategies is one of the most serious issues in the contemporary business world. HRD professionals should work out incentives and programs that could address specific issues existing in a particular company. Productivity depends on effectiveness of these programs. Finally, training will positively affect industrial safety as workers should be aware of all standards, requirements and useful strategies. Sometimes it is believed that only large companies can benefit from training. However, a number of surveys show that small companies can also benefit from training and other HRD strategies (Grigore 2008). Many people deem that only big companies can afford proper training. Besides, owners of small companies often think training is costly and will not be rep aid. However, many researchers provide data which suggest that small companies benefit from training and HR development. Owners of small manufacturing companies often fail to understand that training can be regarded as one of strategies aimed at development of motivation. Workers will be motivated to improve their skills and develop new ones to increase their productivity, which, in its turn, will lead to financial reward. Another main issue to be considered is diversity at workplace. It is believed that diversity is a topic that has already been covered and there is no need in considering it. However, there is significant gap in literature on the mater (Curtis Dreachslin 2008). The contemporary workplace is highly diverse in terms of age, gender and ethnicity. All these differences can interfere with productivity of each employee and the overall company. Therefore, it is crucial to pay a lot of attention to this issue. Notably, diversity training has become quite popular lately an d many companies resort to a variety of strategies to raise diversity awareness among their employees (Werner DeSimone 2011). Sims (2007, p. 245) stresses that now the â€Å"diversity challenge centers [sic] not much on employees and customers but on management itself†. The researcher also notes that diversity awareness plays important role in teamwork development. It is important to note that some people think the best way out to address issues associated with diversity is to diminish it. Of course, this approach is ineffective due to, at least, two factors. First, it is hardly possible to diminish level of diversity in the contemporary world where governments ensure equality and diversity (Idowu 2012). Secondly, empowerment of women, globalisation, population aging contribute to high level of diversity at workplace. Thus, changing gender roles result in increasing number of women occupying different positions. The number of women in top management and among manufacturing c ompanies workers is steadily increasing. This contributes to high level of gender diversity. Globalisation is associated with people’s migration, which results in ethnical and cultural diversity at workplace. This is especially true for manufacturing companies where a lot of low-skilled people of different ethnicities are occupied. Population aging leads to quite a significant gap between generations at workplace, which leads to age diversity. Obviously, diversity can hardly be diminished. It is also necessary to note that researchers still argue about the role diversity plays. Some state that diversity positively affects companies’ productivity as people of different backgrounds have extensive experience they share to develop the company (Henry Evans 2007). At the same time, some researchers claim that diversity negatively affects employee’s performance as it leads to miscomprehension, misunderstanding and a variety of conflict situations (Jayne Dipboye 2004) . Both viewpoints have the right to exist as diversity can be beneficial for a company, but it can also lead to numerous issues if no diversity training is provided. Therefore, it is essential to raise diversity awareness among employees. When it comes to manufacturing companies, each employee should be involved in this training. There are numerous strategies to develop diversity awareness these days (Curtis Dreachslin 2008). Though major focus is made on such categories as students, top management, salespeople and healthcare professionals, researchers have developed certain strategies for workers of manufacturing companies as well. First, diversity training should address specific aims. It is necessary to start with particular issues and conflicts existing at workplace. Team building activities should also be a part of this training, or rather teamwork development and diversity awareness training should be incorporated into a single training strategy (Sims 2007). Sometimes languag e courses can be beneficial for workers as nowadays many people of different ethnicities work in manufacturing companies. As far as textile industry is concerned, diversity (especially cultural diversity) is a serious issue which should be addressed. Manufacturing companies often employ low-skilled workers who often have different cultural backgrounds. Apart from different ethnicities, workers of textile manufacturing companies are of different age and gender. Different ages and genders often lead to certain conflicts among workers. Supervisors as well as workers should have the necessary knowledge and skills to be able to solve various problems and avoid conflict situations. Ability to work in teams depends on workers’ ability to cope with issues associated with diversity. In conclusion, it is possible to note that companies need to address a variety of issues in the contemporary highly competitive business world. Human resources development should be one of the priorities f or any company. HR specialists should pay special attention to the following: productivity, motivation, training and diversity. These fields need special attention as they significantly affect profitability of the company. It is also important to note that these areas are interconnected and interdependent so they should be treated accordingly. It is important to develop training strategies that could address all of the following aspects: productivity, motivation and diversity. When it comes to textile manufacturing companies, HR specialists should pay special attention to motivation and diversity as these are key factors for this industry. Notably, there are quite many gaps in research and even such serious issues as productivity, motivation, training and diversity are under-developed. There is need in specific strategies and techniques which could be applicable in particular industries and settings. Of course, every HR specialist should also be ready to introduce effective techniqu es to enhance profitability of the company. Reference List Bayat, RF 2011, Impact on the productivity of human resources management, performance evaluation, Australian Journal of Basic and Applied Sciences 5.12, pp. 1629-1635. Birdi, K, Clegg, C, Patterson, M, Robinson, A, Stride, CB, Wall, TD, Wood, SJ 2008, The impact of human resource and operational management practices on company productivity: a longitudinal study, Personnel Psychology 61.1, pp. 467-501. Curtis, EF Dreachslin, JL 2008, Diversity management interventions and organizational performance: a synthesis of current literature, Human Resource Development Review 7.1, pp. 107-134. Ghazali, Z Halib, M 2012, Productivity-based group incentive scheme: a human resource strategy for competitive advantage in a Malaysian manufacturing company, European Journal of Social Sciences 28.1, pp. 101-108. Grigore, AM 2008, The impact of human resources practices upon small companies performances, Buletinul LX.2/2008, pp. 83-92. Henry, O Evans, AJ 2007, Critical review of literature on workforce diversity, African Journal of Business Management, pp. 72-76. Idowu, OF 2012, Human resource diversity and organizational outcomes: managing differences or organizational culture, Australian Journal of Business and Management Research 1.12, pp. 1-6. Jayne, MEA Dipboye, RL 2004, Leveraging diversity to improve business performance: research findings and recommendations for organizations, Human Resource Management 43.4, pp. 409-424. Sims, RR 2007, Human resource management: contemporary issues, challenges, and opportunities, IAP, USA. Werner, JM DeSimone, RL 2011, Human resource development, Cengage Learning, Mason, OH. York, KM 2009, Applied human resource management: strategic issues and experiential exercises, Sage Publications, Inc., London.

Cause and Consequences of urbanization in Scotland Essay Example for Free

Cause and Consequences of urbanization in Scotland Essay This essay will explore relevant cause and consequences of urbanisation in Scotland from 1700-1860. A dictionary-defined term would be â€Å"the social process whereby cities grow and societies become more urban.†(1. 30/08/2005). Scotland went through huge political and economical changes from the 1700’s onwards. The country went from being a rural, agricultural society with an estimated population of 1.2 million in 1755, to being urbanised, with the population rising to over 2.6 million in 1841(Lenman, p281, 2001). This figure is what makes the urbanisation of Scotland so interesting. What were the main factors that caused the population to grow so rapidly? The expansion of population over such a short period and the social changes that occurred with this. The great Agrarian and Industrial revolutions had a major part’s to play in the urbanisation of Scotland and this essay will show some enlightenment on why it was so profoundly noticeable in Scotland. Another point that will be investigated is the consequences of urbanisation, how the country ultimately became a modern capitalised country from its rural beginnings. Before and up until 1750, Scotland was very much a feudalistic country. Lords rented tenants enough land for them to produce food to survive. In return, the tenant would have to labour the Lord’s land as well as his own. The Landlord would reap the benefits, the tenant would survive, and as the majority of the people depended on the land as their lively-hood, it was a means to survival. As Devine states,_† In 1750 only one Scot in eight lived in a town (population of 4000 or over) and there was only four towns with more than 10000 inhabitants†_ (Devine, 1999, p125). This shows the enormity of Scots who were living in rural communities, with the main labour being in agriculture, weaving and fishing. The changes to agriculture began with those known as the improvers, whose main outlook was to modernise the way the land was cultivated. As the population of the country began to accelerate quickly, the improvers were looking to produce mass food instead of the old way of cultivation. During the period between 1790-1840 new farming equipment was introduced and the land that was formally cultivated  using the â€Å"infield-outfield and rug and furrow method† was improved by enclosing the land into fields making it more productive for crops and for livestock Crop rotations were also introduced which was making use of the land at all times. The introduction of single tenant farming as opposed to ferm-touns meant the beginning of the clearances, as well as agricultural tools becoming more efficient. The introduction of threshing machines reduced manual labour and â€Å"the Small’s plough – a two horse plough replaced the Scot’s plough which required a team of oxen and horses† (Devine, 1998, p138). These new ideas did create more food but they also left people homeless and jobless, as there was less labour needed, which left people no choice but to move on into the towns and cities where industry had began creating jobs. The growth of the towns and cities were intricately linked with the agrarian revolution as the mass population relied on the land for the food it produced. The other main point that Devine makes is that as the agricultural market started to accelerate, the need for exchange centres that provided legal, commerce and financial facilities for the rural communities became more prominent, so several towns including Perth, Ayr and Dumfries became the provider of these services. This again contributed to expansion of towns, as people were required to work and live in the towns to facilitate these positions (Devine 1998, p32) Therefore, we can gather that three major changes occurred at the same time and they contributed towards urbanisation in Scotland: The agrarian revolution along with the population growth, and the expansion of the manufacturing industry. _Urbanisation could not have taken place without a substantial increase in food production to sustain the needs of those who did not cultivate their own food supplies. At the same time, agrarian productivity had to improve in order to release a growing proportion of the population for non-agricultural tasks in towns and cities._ (Devine, 1998, p32) Along with theses changes the manufacturing industry began to grow rapidly. Scotland was a major player in the transatlantic trading industry and due to its geographical position, it was booming in the tobacco trade and it would go on to prosper in cotton and linen too. Scotland’s Geographical position at this time was very important as it is situated between the Atlantic and Europe, which meant trading from one to the other, was very successful. The two major factor’s of the Industrial Revolution were, the textile industry and the productivity of the steam engine, which was revolutionised by James Watt in 1769 (Watt James online, 2005). Textiles factories and coalmines could produce more goods and they did not need to be near a water source in order to run. Due to this, the larger towns and cities began to grow rapidly. _Greenock in 1700 had a population of 2000 and by 1831 it had rose to 27500._ _Glasgow went from 31700 to 147000._ _Kilmarnock went from 4400 to 12700_ _Falkirk went from 3900 to 11500. All within the time period from 1740-1850 (Devine 1998, p35)_ The population growth over the short period is the most significant point here as this is what made urbanisation in Scotland different. There are many different factors that affected the population growth but some are more significant than others are. Irish Immigration was very prominent and the migration of people from the rural areas had a major impact. For example:_† The majority of the migrants were young adults more concentrated in the marriageable and childbearing age groups than were the native inhabitants. High Migration because of its age composition was therefore likely to fuel natural increase in the urban areas_†.(Devine 1998,p41) At the same time the  highlanders were leaving the land either through force as the lord’s applied the new cultivation techniques to the land or through choice. The majority chose to immigrate to America; this did not affect the population growth as many Irish migrants were coming to Scotland looking for employment in the bo oming industries. â€Å"_Urbanisation meant more jobs, a wider diversity of social contacts and infinitely greater colour and excitement in the lives of the masses_† (Devine 1998 p43) Mortality rates demonstrate their huge impact on population growth too. It has been suggested that lower death rates, through natural immunity to disease highly contributed to urbanisation, as in the early 1800’s the death rate had fallen to 25 per 1000. This suggests that natural immunity and high levels of unemployment accelerated the population growth (Devine, 1998, p48). The effect of industrialisation was economically good for the country, but with it came poverty. The majority of the working class lived in overcrowded housing areas known as slums with no sanitation, and were rife with disease. As Devine argues, during periods of industrial recession when employment had slumped, there were also periods of disease epidemic. These began in 1817-1820(Typhoid), 1826-27(Typhoid) and in 1830-1832, a cholera epidemic that wiped out 10000 people. Periods of recession run parallel, the first being 1816-1818, 1825 and then 1836 (Devine, 1999, p168). In 1839, Death rates rose to 29 per 1000. People were forced to live in abominable living conditions with huge sanitations problems, the towns and cities could not cope with the urban growth and disease was the outcome. Overcrowded, sub-divided housing was a problematic issue in all the major Towns and Cities, especially in Glasgow. _†I did not believe until I visited Glasgow, that so large an amount of filt h, crime, misery and disease existed in one spot in any one civilised country† (_Butt J, 1987 p41-42). People were customised to living in filthy dark, damp squalid conditions amongst disease. As the periods of recession were leaving thousands out of work in a state of poverty, the poor law amendment act was passed in 1845, which replaced the old poor relief laws of the parishes taking responsibly for the  poor. The new law allowed a claim to be made under supervision of a board of examiners, it came in the form of indoor relief, which would be admission to a poorhouse if subject had lost the ability to work, and outdoor relief, which was for short-term illness, and this may have been in the form of payment or medicine. It could be argued that the industrial revolution was the birth of the working class and capitalism in this country. Those who owned the factories and docks made a great profit and a middle class lifestyle was adopted. This could be said to be the division of the classes, with the help of the industrial revolution, people developed a â€Å"working† class or â €Å"middle† class attitude, In conclusion, the evidence points out that several major factors occurred that accelerated the urban growth of the nation. The Agrarian revolution started the mass migrating and the industrial revolution provided the work force in order for capitalism to evolve. The consequences of urbanisation were overwhelming, yes the economy did thrive, but at what cost to the working class people, death, disease and misery. Cause and Consequences of urbanization in Scotland. (2016, Jul 18). We have essays on the following topics that may be of interest to you

Perceptions of Crime in the Media Essay Example | Topics and Well Written Essays - 750 words

Perceptions of Crime in the Media - Essay Example The murder of a six-year-old girl, JonBenet Ramsey, in 1996 received great attention with the media taking a close follow up with each new unfolding. The occurrence of such crimes receives great attention from many people most of whom rely on the media for information regarding the case. As such, the media is compelled to take a keen interest in the cases simultaneously ensuring that no important unfolding is left out. Additionally, the media is always on the lookout for seemingly newsworthy stories that will receive great attention from the public. Taking a look at the JonBenet case, it seems to have all the desirable ingredients to spark people’s attention. The death of a six-year-old girl by strangling is not an ordinary day to day scenario hence there lies many questions about the incident. With this increased public interest in the case, the media could not be left out as it sought to report on the case development. However, in the course of reporting on such sensitive ca ses, the media is seemingly negligent of the wellbeing of the victims. This is especially from the perspective where the media is seemingly negligent of the implications of the statements used to describe the case. For example, in JonBenet’s case, the media gave an implication that JonBenet’s family was responsible for the murder. The media reported on the growing suspicions of the parents and this took a quick turn for the family from victims to villains. The public suddenly took a different stand from sympathizing with the parents to thinking of them as the perpetrators. This sudden twist was greatly fueled by the media’s efforts to report on each unfolding oblivious of the implications presented by giving sensitive information. The Ramsey’s tried to prove their innocence in the media for a long period of time but the suspicions were seemingly far from over.

Is Public Safety Assured or Threatened Essay Example | Topics and Well Written Essays - 1500 words

Is Public Safety Assured or Threatened - Essay Example In such instances, prison terms are far more costly and less effective than alternative programs. Effective alternative programs, regardless of intensity, are still the less costly option. There are other sanctions and programs available, such as probation, treatment programs, work-release programs and a host of combined services that, when combined and applied appropriately, may prevent crime without the expense of prison. Criminologist James Q. Wilson believes that prison has been overused as states have Expanded their incarceration programs. â€Å"They have dipped deeper into the bucket of persons eligible for prison, dredging up offenders with shorter and shorter criminal records.† Wilson argues that the costs to society may far outweigh the benefits. Increased incarceration does little to increase public safety. The cost of America’s correction system â€Å"now exceeds $60 billion per year† (Austin & Fabelo 7). Those who have violated their probation for con victions of alcohol and drug use, unemployment and failure to pay court fees has also increased, as a result. The increased cost ultimately is passed on to taxpayers, with little return for their investments. Crimes related to drugs, property and public disorder have little to no connection with pain and suffering to victims. Yet , â€Å"over 90% of crimes committed are of this nature† (Austin & Fabelo 9). Public safety is not even an issue. Effective alternative programs, which could include job training, education, rehabilitation and other services based on ability to pay would likely save taxpayers and communities money.

General Background for business plan Thesis Example | Topics and Well Written Essays - 750 words

General Background for business plan - Thesis Example She considered the idea that construction litigation is in need of forensic experts in terms of mitigating claims for damages and other construction management services, and from there she founded CSI. The Owner & Management Team: Lily Iftner CSI is currently owned by Lily Iftner, a licensed civil engineer. She is also the brainchild of the business whose background includes a four-year experience in a construction site wherein she served as an insurance investigator. With motivation, she started her own business wherein she becomes one of the expert witnesses in terms of structure damages, and legal disputes in construction methods and materials. Because of the growing demand and changes in the industry, she needs to hire diverse construction professionals in order to deliver quality research, inspection, analysis, and report. The management team is composed of professionally licensed forensic engineers, particularly civil engineers with hands-on experience about scientific and prof essional structural issues. CSI Seattle Services CSI services are all about research, inspection, analysis, and report of construction and structural deficiencies in compliance with the standards and laws applicable. They serve in order to mitigate claims for damages in a quality and cost-effective way. ... CSI also presents sets of solutions so that clients can select the best possible solutions with corresponding evidences. They are also a â€Å"strong advocate of continuing education and community involvement, and maintain active participation in local construction industry organizations† particularly in Seattle (â€Å"Who We Are†). THE BUSINESS: Business Description According to Winkler and Chiumento â€Å"construction litigation can arise from any number of sources including delay claims, construction defects, professional liability allegations (errors and omissions), mechanics’ liens, personal injury, property damage, and insurance, subrogation, or professional bond claims† (179). Based on industry expert, construction litigation is growing and in demand considering that it now takes $5 billion USD in conflicts resolution and these costs are increasing 10% each year (Michel). This quantitative data is such an advantage for CSI considering that their cli ents would settle on larger amounts just for this dispute prevention and resolution. Definitely, the groundwork of this business is trust. The more the clients trust the business the better, for they will continue to seek the services the business offered. Value Proposition (s) Competition is always present in almost all business industries nowadays. And in order to survive, the business must develop value propositions which will create a strong gap between the company and the competitors. Value Proposition 1: CSI employed construction professionals who are highly equipped with experience and academic credentials - To have skillful employees suitable for the business, CSI developed specialized training and professional development which is

Career Plan Essay Example | Topics and Well Written Essays - 2500 words

Career Plan - Essay Example The quote emphasizes the fact that a proper career plan is needed for any student to achieve success in any field of study. From childhood every individual holds a dream deep down in his heart, to achieve some goal that completes or rather summarizes the meaning of success for him/her. But when faced with the harsh realities of the very real world his dreams are susceptible to change with a view to obtain a better life ,to make the world a better place to live. He/She now nurtures his/her dreams based on practical grounds. His/Her search to achieve and fulfill his wants leads him to take up a career option that will provide him/her with both job satisfaction and a better living . This is a choice that each individual should be allowed to make on his/her own, probably with a bit of useful guidance from parents/teachers as once a choice is made one cannot rethink and change it in most circumstances. A wrong choice might rob one’s life of ‘all the lovely things’ tha t he/she deserved. I made a choice for myself, a choice I still stand by . I chose Mechanical Engineering as my field of study . The obvious question that the read must be being haunted with is a broad ‘Why?’ .Well, as I grew up I felt sincere inclination towards maths and papers relating to natural sciences. There is an urge to discover, an urge to know the intricacies relating to force, power and momentum which makes me want to take up Mechanical Engineering as my field of study. Engines always had a lot of appeal to me . I wanted to know more about the ways they function, their utility which makes life so much easy for all of us in this big world. Over and above all, a need to serve mankind, a need to make life more comfortable, a need to satisfy my hunger for knowing the intricacies of the mechanical world propelled me to take up the challenging career of a Mechanical Engineer . A career as a civil Engineer, however, stands fine for me but as a second choice ofcours e . A Brief on what Mechanical Engineering and Civil Engineering are all about . Mechanical engineering plays a dominant role in enhancing economic vitality, safety and overall quality of life. Mechanical engineers are concerned with the principles of force, energy and motion. They are professionals with expert knowledge of the design and manufacture of mechanical systems, thermal devices and processes. Products and processes developed by mechanical engineers include engines and control systems for automobiles and aircraft, electric power generation plants, lifesaving medical devices and consumer products ranging from air conditioners to personal computers and athletic equipment. They also design the machines that mass-produce these products. Virtually every aspect of life is touched by mechanical engineering. If something moves or uses energy, a mechanical engineer was probably involved in its design or production. Civil engineers design and supervise the construction of roads, buildings, airports, tunnels, dams, bridges, and water supply and sewage systems. They must consider many factors in the design process, from the construction costs and expected lifetime of a project to government regulations and potential environmental hazards such as earthquakes and hurricanes. Civil engineering, considered one of the oldest engineering disciplines, encompasses many specialties. The major ones are structural, water resources, construction, environmental, transportation, and geotechnical engineering. Many civil engineers hold supervisory or administrative positions, from supervisor of a construction site to city engineer. Others may work in design,

Is Public Safety Assured or Threatened Essay Example | Topics and Well Written Essays - 1500 words

Is Public Safety Assured or Threatened - Essay Example In such instances, prison terms are far more costly and less effective than alternative programs. Effective alternative programs, regardless of intensity, are still the less costly option. There are other sanctions and programs available, such as probation, treatment programs, work-release programs and a host of combined services that, when combined and applied appropriately, may prevent crime without the expense of prison. Criminologist James Q. Wilson believes that prison has been overused as states have Expanded their incarceration programs. â€Å"They have dipped deeper into the bucket of persons eligible for prison, dredging up offenders with shorter and shorter criminal records.† Wilson argues that the costs to society may far outweigh the benefits. Increased incarceration does little to increase public safety. The cost of America’s correction system â€Å"now exceeds $60 billion per year† (Austin & Fabelo 7). Those who have violated their probation for con victions of alcohol and drug use, unemployment and failure to pay court fees has also increased, as a result. The increased cost ultimately is passed on to taxpayers, with little return for their investments. Crimes related to drugs, property and public disorder have little to no connection with pain and suffering to victims. Yet , â€Å"over 90% of crimes committed are of this nature† (Austin & Fabelo 9). Public safety is not even an issue. Effective alternative programs, which could include job training, education, rehabilitation and other services based on ability to pay would likely save taxpayers and communities money.

Career Plan Essay Example | Topics and Well Written Essays - 2500 words

Career Plan - Essay Example The quote emphasizes the fact that a proper career plan is needed for any student to achieve success in any field of study. From childhood every individual holds a dream deep down in his heart, to achieve some goal that completes or rather summarizes the meaning of success for him/her. But when faced with the harsh realities of the very real world his dreams are susceptible to change with a view to obtain a better life ,to make the world a better place to live. He/She now nurtures his/her dreams based on practical grounds. His/Her search to achieve and fulfill his wants leads him to take up a career option that will provide him/her with both job satisfaction and a better living . This is a choice that each individual should be allowed to make on his/her own, probably with a bit of useful guidance from parents/teachers as once a choice is made one cannot rethink and change it in most circumstances. A wrong choice might rob one’s life of ‘all the lovely things’ tha t he/she deserved. I made a choice for myself, a choice I still stand by . I chose Mechanical Engineering as my field of study . The obvious question that the read must be being haunted with is a broad ‘Why?’ .Well, as I grew up I felt sincere inclination towards maths and papers relating to natural sciences. There is an urge to discover, an urge to know the intricacies relating to force, power and momentum which makes me want to take up Mechanical Engineering as my field of study. Engines always had a lot of appeal to me . I wanted to know more about the ways they function, their utility which makes life so much easy for all of us in this big world. Over and above all, a need to serve mankind, a need to make life more comfortable, a need to satisfy my hunger for knowing the intricacies of the mechanical world propelled me to take up the challenging career of a Mechanical Engineer . A career as a civil Engineer, however, stands fine for me but as a second choice ofcours e . A Brief on what Mechanical Engineering and Civil Engineering are all about . Mechanical engineering plays a dominant role in enhancing economic vitality, safety and overall quality of life. Mechanical engineers are concerned with the principles of force, energy and motion. They are professionals with expert knowledge of the design and manufacture of mechanical systems, thermal devices and processes. Products and processes developed by mechanical engineers include engines and control systems for automobiles and aircraft, electric power generation plants, lifesaving medical devices and consumer products ranging from air conditioners to personal computers and athletic equipment. They also design the machines that mass-produce these products. Virtually every aspect of life is touched by mechanical engineering. If something moves or uses energy, a mechanical engineer was probably involved in its design or production. Civil engineers design and supervise the construction of roads, buildings, airports, tunnels, dams, bridges, and water supply and sewage systems. They must consider many factors in the design process, from the construction costs and expected lifetime of a project to government regulations and potential environmental hazards such as earthquakes and hurricanes. Civil engineering, considered one of the oldest engineering disciplines, encompasses many specialties. The major ones are structural, water resources, construction, environmental, transportation, and geotechnical engineering. Many civil engineers hold supervisory or administrative positions, from supervisor of a construction site to city engineer. Others may work in design,

Chinese history Essay Example for Free

Chinese history Essay 250 Word Essay One of the most important aspects of ancient Chinese history is the formation of the Silk Road, a trade route which spanned two continents and put China on the map as one of the most important import/export countries in the ancient world. It’s beginnings were smaller in scale as it only encompassed the Chinese Empire itself but it became apparent, after Zhang Qian made contact with Central Asian tribes, that the expansion the trade route would benefit both China and other Asian nations. It continued to expand under the Han dynasty and into Roman times (Beauty).   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   One of the most important reasons for its formation as a major trade route was fear of marauding gangs that were eager to obtain the many goods that Chinese merchants filled their caravans with: silk, gemstones, incense, spices, and blue and white porcelain were just some fo the cargo traveled along the Silk Road. The Chinese army was even beefed up in order to protect this special route that helped to keep China’s economy booming. It’s reach expanded throughout China and Asia and eventually commerce was developed between the Roman Empire and China (Newton).   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The long-term impact of the Silk Road on Chinese culture and history were that it literally brought a strong economy to China, and brought the goods and customs of other cultures into its borders. The traders, including Zhang Qian in 138 B.C.E., were able to learn economic, military, and geographical information that would help in the roads expansion and with Chinese military success. The Silk Road was so important to the culture of both the Eastern and Western world because during Roman times, even the lower socioeconomic classes depended upon the goods that were imported from China on the Silk Road, and even the religion of Buddhism was spread by way of the Silk Road. Its impact on the world was huge and its impact on Chinese culture even more prominent (Newton). Works Cited The Silk Road. Beauty, the Land of China. ThinkQuest. 19 Jan. 2007 http://library.thinkquest.org/20443/silkroad.html. The Silk Road. Newton Public Schools. 19 Jan. 2007 http://www.newton.mec.edu/Angier/DimSum/Silk%20Road%20Info.html.    100 Word Assignment  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚     Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   One of the most surprising aspects of my research about the Silk Road was the vast expanse of space which is encompassed. It’s amazing how far the caravans had to travel and how large they were. From all accounts the Silk Road was dangerous to those traveling it because of the terrain and yet it was such an integral part of Chinese history and lasted for many years, even expanding. The images of the Silk Road that I could find reminded me the regal images of Chinese royalty, for some reason. It’s as if everyone is perceived as being clothed in silk from head to toe, even the camels! I definitely see how difficult the trip must have been because of the limited means of transportation that the merchants had access to, and how they could easily become victims of a raid for their goods. I also thought that it was interesting that Buddhism itself was virtually spread by way of the Silk Road. I was surprised to see that the Silk Road is being revitalized for tourism purposes and that there are many tour groups that specialize in trips just along the route that used to be traveled by Chinese merchants in ancient times.