Financial Institutions Strategic Management Essay

Financial Institutions Strategic Management - Essay Example Reference is made to the factors that have most affected the above industry’s performance but also to the factors that would continue to influence the particular industry in the future. The research developed in regard to the specific subject has led to the assumption that the USA banking industry has been highly supported, as of its establishment and further growth, by politicians and analysts; however, the relevant plans have often failed to meet the criteria set by their initiators. The need for radical changes on the sector’s strategic choices is clear; certain trends, as for example, the need for hiring stars for improving organizational performance, have been eliminated. In any case, problems related to the specific organizational sector, should be resolved by continuously updating the strategies of the industry’s firms, as appropriate, so that their goals are continuously aligned with the market rules and ethics. The development of banking industry in USA has been gradual. In fact, in USA banks have always been a key factor for economic growth (Coulbeck 1984). The establishment of the USA banking industry has been related to the Glass-Steagall Act of 1933, which has emphasized on the categorization of the sectors of ‘the financial services industry, as following: commercial banking, investment banking and insurance’ (Koch and Scott 2009, p.2). Other legislative texts that followed, especially ‘the Bank Holding Company Act of 1956’ (Koch and Scott 2009, p.2), set the rules on which the activities of banks across USA should be based. The literature indicates that the establishment of bank branches across the country has been related to certain geographic criteria. In the study of Coulbeck (1984), emphasis is given on the following fact: in USA, banking activities have been always quite developed; in 1940 the banks operating across USA were estimated to 5,144 while in 1980 the above number has been decreased to 4,425 (Coulbeck

Paper Number 3 - Human Resource Management Essay

Paper Number 3 - Human Resource Management - Essay Example Through training, any company can raise the ability to adopt and use advance technology. It makes employees more efficient and also motivates them. It increases the knowledge of the employee which in turn enhances the company’s competitive position. Proper training increases productivity and efficiency of organization, decreases employee turnover and need of supervision. Through training, an employee develops a sense of confidence and self-worth and becomes valuable to the organization and to society. The knowledge received through training helps to increase productivity and sense of fulfillment through achievement of any task. Three areas must be considered to identify the reason for training: the organizational goal, the job characteristics and needs of the employees. The resources required for training also needs to be considered otherwise the training program will fail. There are two types of training methods on the job training and off the job training. Cognitive Methods: Cognitive methods provide the rules regarding how to do a specific task through written or verbal information and express the relationship among various concepts. Various methods that come under cognitive approach are lecture, demonstration, discussion and CBT (Computer Based Training). Behavioral Method: In this method, the employees are provided practical training. This method teaches the trainee how to behave in real work life. The various methods of behavioral approaches are business games, behavior modeling, equipment simulator, and in-basket method. Management Development: This method focuses on education of employees. This method is divided into on the job training and off the job training. On the Job Training: This type of training is conducted to employees while they are performing their regular job. In this training method a plan is developed about the subject to be taught. The employees are informed about the details of training. A timetable is developed for monitoring t he performance and progress of employees. This training method has positive effect on employee morale because it not only teaches the skills for doing any specific task but also makes them think critically to solve any problem that might occur while doing any job. Examples of on the job training are orientation, job instruction training, apprenticeship, internship, assistantship, coaching, and job rotation. Off the Job Training: This training method takes place outside the real work place. Specific trainer is used for training the employees. In this method employees put all focus on the training and their job cannot distract the training process. Examples of off the job training methods are lectures, case studies, role playing, simulation, and laboratory training (Bizmove, â€Å"Small Business Management†). Summary of the Article Dubai Metro is an automated metro network of Dubai city. The center of Dubai Metro has almost 150 employees. The employees control the operation of technological system. The RTA (Road and Transport Agency) is providing training to the staff of Dubai Metro. Training will be provided on various aspects such as different facets of operations, maintenance, security related issues, health and safety of staff. Besides these the employees will be trained about other supporting services such as management, human resource, contracts, finance,

Consumer Behaviour Essay Example | Topics and Well Written Essays - 3000 words - 2

Consumer Behaviour - Essay Example Microsoft’s Xbox, Sony’s PlayStation Series and Nintendo’s GameCube games all have been around for a number of years though still these big market players have failed to identify sizeable niche market segments game consoles that exist to date in the industry. Nokia has both the resource capability and technology to enter this market segment with ease in design and planning (Gale Reference Team, 2008). For instance all three game console manufacturers mentioned above along with a sundry of other small and medium companies have been able to increase their market shares despite an ongoing global economic recession. Nokia’s existing resource and technology capabilities would need proper directional guidance from trained hands, especially the technical and managerial staff. Already the above three market leaders’ status has been challenged by many small and medium scale manufacturers whose ability to identify niche market segments in keeping with consumer demographics is said to be one of the reasons for their success (Development and Learning in Organizations, journal, 2003). For instance Nokia’s success in mobile telephone device manufacturing can be utilized to produce a game console that successfully incorporates some of its already tried and abandoned mobile game features (Gale Reference Team, 2007). So far game consoles haven’t been integrated with mobile telephony technology except at random inclusions carried out by Sony in its PlayStation Series. Most of the current literature and discourse on game consoles are characterized by four basic classes of issues – technological issues, pricing issues, quality issues and safety issues. It’s thus an industry that is ever increasingly being marked by competition and reorientation. Against this backdrop of stiffer competition it’s essential to identify the various issue related outcomes in the industry thus focusing attention on the strategically

Ethical Issues currently found in Education Research Paper

Ethical Issues currently found in Education - Research Paper Example Sexual misconduct in a school setting is a broad subject and basically defines unwelcome or unwanted sexual advances from teachers, lecturers, and administrators working in the school. In all educational institutions, the association between students and their teachers is central to the educational mission of the school’s administration. Various educational establishments have rules that stipulate that there should be no non-academic ties between students and teachers because they can affect the basic integrity of the academic relationship between students and teachers. Sexual relationships between students and teachers, even when they are consensual, tend to adversely affect both the student and teacher involved. The prohibition of sexual relationships in a school setting usually extends to include all people working within a school. For example, sexual relationships involving other workers in the school or between teachers are also prohibited. Moreover, the issue of sexual r elationships between teachers and students is what carries greater weight in public forums because it involves people who are empowered and people who are not empowered. There is a greater likelihood of teachers or lecturers taking advantage of their exalted positions within a school setting to procure sexual favors from less empowered students than the other way around. In addition, when there are sexual relationships between two teachers or other administration members, the relationships tends to have equal consequences for both parties- which is not the case for student-teacher sexual relationships. Many educational experts have stated that even when the student gives his or her consent to having a sexual relationship with the teacher involved, this is still a type of sexual harassment. This is because the relationship between the student and teachers can never be equal. Even if the student involved imagines that he or she is making an independent decision, this is just not the r eality. One of the reasons why many cases of sexual associations between teachers and students are not reported is because the student may not mention it to any adult. Usually, such stories are revealed when a student finds a reason to continue about the relationship. Educational institutions strive to protect their students from teachers who may threaten students with low marks or the possibility of failing examinations unless they provide sexual favors. Sexual relationships between students and teachers do not only affect the people involved in them. For example, if a teacher with a class of 50 students is having a relationship with one of his female students, the other students are likely to start resenting the female student in question because she may be the beneficiary of more favors than she is entitled to in an academic sense. The male students are particularly affected by this type of association because they tend to feel that there is nothing that they can do to be able to compete on the same level as the girls in the class; some of whom may choose to avail themselves to the teacher to get high marks. In the past, there were many societies in which sexual relationsh

ETHICAL DILEMMA IN THE CLINICAL RESEARCH Essay Example | Topics and Well Written Essays - 500 words

ETHICAL DILEMMA IN THE CLINICAL RESEARCH - Essay Example The first is on the issue of disclosing all the information to the participants including all the risks of the trial or to just disclose the most important of the information and let the rest of the information be disclosed after the trial as a debrief. The dilemma comes in where the full disclosure of all the information to the participants may lead to some of them not giving informed consent and opting out in which case it will take longer to find others without any guarantee that they will also stay throughout the whole exercise. The lack of disclosure will lead to signing the consent and the trial continuing as scheduled (Gad, 2009). The other ethical dilemma comes in in the issue of publication of the findings of the clinical trial. The clinical trial may be marked with several problems which may render the drug unfriendly to most people. If this information is released to the public through the findings, the drug may either be banned from manufacture and production or harm many people. On the other hand, the lack of issuing of publication will mean that no one will know of the drug and hence the whole process of research and trial will have just been a waste of time and money and hence a loss which many pharmaceutical companies cannot handle (Verdu-Pacual and Ponce, 2001). They therefore have to make the hard choice of risking the lives of people and a future lawsuit by publishing or cutting their losses and going back to the drawing board. Lastly is the issue of patent rights versus the rights of patients. A patent lasts for 4 years at which point it is given to another company or group. Every company wants to maximize these 4 years in order to have covered the expenses of production and made enough profit to sustain them (Lo, 2012). The dilemma comes in where in order to be able to do this within this short time, they have to overcharge the consumers for the drugs which is considered totally unethical and even inhumane and especially if the

Battle of art and science Research Proposal Example | Topics and Well Written Essays - 1000 words

Battle of art and science - Research Proposal Example Richard Dawkins, a British ethologist, evolutionary biologist and an accepted science writer was also a professor at New College, Oxford. In 1982, his prominence was further accepted due to his contribution to the field with the theory described in his book The Extended Phenotype, that the phenotypic impact of a gene isn’t restricted to just the body of the organism, but was capable of spreading out into the environment, influencing other organisms as well. Dawkins, an atheist, cynic, methodical rationalist, and an advocator of the Darwin’s theory of natural selection was a loud critic of religion. Dawkins argued that a paranormal creator was non-existent and that belief meets the criteria of a delusion, a permanent misbelieve. Dawkins has established the foundation theory which was presented in the volume Adaptation and Natural Selection authored by George C. Williams's. He presented the term selfish gene as a means of articulating the gene-centric theory of evolution, which give out the idea that evolution, was best observed as acting on genes and that selection at the organism level almost never dominates selection based on genes. Dawkins was of the opinion that organism tries to evolve to capitalize on its inclusive fitness i.e., the numerous replicas of its genes passed on globally rather than by a certain individual. This led to populations being headed towards an evolutionarily stable approach.

Environmental Analysis Essay Example for Free

Environmental Analysis Essay Introduction This essay will discussed one of the most controversial environmental issue climate change along with some of the facts including how people first discover that climate change does existed; as well as legitimation in climate change globally; public debate; and the way in which government response to this issue. Furthermore this paper will discuss the role of science to identify the existence of climate change. Identification and legitimation of the issue Climate change is one of the biggest environmental challenges that the world encounters. It has obvious impact on our planet causing higher temperature, shifting seasons, sea levels rising. These phenomenon are closely tide up with world’s economic as it affect businesses around the world. The British government report warned if no action is taken to control carbon emissions climate change would cost 5 to 20 percent of the annual global gross domestic product. (Climate change impacts, 2011). The United Nation’s intergovernmental Panel on Climate change published a report in 2007 regarding the discovery of Global Warming since the 20th Century. (IPCC, 2011). The possible reason for this phenomenon may be caused by human activity. The appropriate definition is explained by the IPCC, which states that climate change is â€Å"a change of climate which is attributed directly or indirectly to human activity that alters the composition of the global atmosphere and which is in addition to natural climate variability observed over comparable time periods.† (IPCC, 2012) Many countries have taken the initiative to legislate appropriate regulation regarding climate change. In 2010 a published article noted that â€Å"Qinghai† is one of the first province to establish a regulation that holds local government and state owned enterprises response in coping with climate change (Xinhuanet, 2010). The statistic have shown that â€Å"Qinghai† ‘s temperature in general has been rising by 0.35 centigrade every ten years compare to the world’s average of 0.13 centigrade. (Mu Xuequan, 2010). This regulation will stress the importance and specified the local government’s responsibility on climate change. Public Debate The argument around the topic of climate change is one of the most controversial topic because it involved in whether climate change is man made or its simply nature forces. Some scientist believes that the temperature of earth is actually getting colder not warmer due to the cycle of the sun. This is known as the â€Å"Sunspot cycle†, sun gets a little bit hotter and colder every 11 years and when it gets colder it causes the temperature of earth to get colder too. Other scientist argued that the change of temperature is so small that it can barely be detected. Most scientists agree that an increase in the amount of carbon dioxide in the atmosphere is the main cause of global warming. They argued about the details of the effects of global warming on the earth. However it is generally agreed that it will lead to worldwide changes in weather patterns, gradual melting of the ice caps and rising sea levels. These changes will impact on your lifestyle, agriculture and the survival of other organism. (Haire, M et al, 2000). Energy savings, emissions reductions and water resource conservation and many other works related to climate change need to be considered Government policy response Recent years many countries have impose law relevant to combat climate change. Energy savings, emissions reductions and water resource conservation and marketing â€Å"green† have been the primary goal amongst most organization. Country like Australia is promoting energy efficiency measures through a wide range of programs and rebates. The election of Kevin Rudd in 2007 especially shows a major change of the Australian government policy through Australia’s ratification of the Kyoto Protocol. In terms of some specific initiatives the Australian government also continue the measure of mandatory renewable energy target scheme. And since 2010 the Government also established a climate change committee with the main purpose of investigate â€Å"options for implementing a carbon price and help build consensus on how Australia will tackle climate change† (Parliament of Australia, 2012) Role of science Science has played an important part in proving the existence of climate change by observation and experiment. This graph above depicts the global change in sea level since the end of the last ice age. During this 15,000 year period sea level has increased approximately 125 meters. Conclusion By evaluating the historical development of climate change we can conclude that climate change is the most important and challenging environmental issue. Regardless of the disagreements, climate change has been proven exist by scientific research. It has drawn the public attention and requires international cooperation among different governments. Reference Haire, M et al (2000). Core Science3. Singapore: Kyodo. P110-111. IPCC (2011) Intergovernmental Panel on Climate Change. [online] Available at; http://www.ipcc.ch/pdf/assessment-report/ar4/syr/ar4_syr_cn.pdf [Accessed: 27 Jul 2012]. Parliament of Australia (2012) Australian government response to climate change. [online] Available at: http://www.aph.gov.au/About_Parliament/Parliamentary_Departments/Parliamentary_Library/Browse_by_Topic/ClimateChange/Governance/Domestic/national [Accessed: 27 Jul 2012]. Sunspots and climate (2000) Sunspots and climate. [online] Available at: http://www-das.uwyo.edu/~geerts/cwx/notes/chap02/sunspots.html [Accessed: 27 Jul 2012]. The Nature Conservancy (2012) Climate Change Impacts. [online] Available at;