Monday, August 12, 2019
Supervisory Management Coursework Example | Topics and Well Written Essays - 4750 words
Supervisory Management - Coursework Example But at times when they make decision-making errors and then further they fail to handle the problem. The biggest reason behind their premature attitude is that they do not follow the proper "Decision Analysis Process" or the "Problem Solving Process". That is they firstly fail to recognize the problem, i.e. the manager fails to analyze the problem in detail and then does not allocate number of solution to it. Further, then the manager should decide one solution that perfectly matches and provide the best possible advantage. Further after the decision is made and the course of action is done a proper feedback is necessary to judge its effectiveness and then finally judge the impact of each decision on the problem itself or evaluate the result. Apart from the process the manager himself should have the major characteristics like the overall managerial leadership skills, good relationship with higher level executives and the peers or subordinates, effectiveness in management practices and they solve problems and gain their achievable goals. 2. Discuss the following statement: It's better for a manger to try to carry out a poor decision for the sake of worker confidence. You can't build worker confidence by continually admitting the poor decision you make. The workers or the labor force confidence in the business or in the management is really important because if these workers will be motivated towards their job it would lead to higher productivity and a good repute for an organization. Because when a worker will be given high incentives and his those strategies would be adopted that would increase the workers belief, it would lead to employee loyalty and there would be less chances of switching, low absenteeism, low turnover and would ultimately lead to satisfied and productive workers. While, if the manger is trying to satisfy the workers it could also result in company's low profits and revenue, and the basic motive of the profit organizations is to increase their productive capabilities so they can enjoy higher turnover. But is the manager fails and keeps making such decisions that would be damaging for the organization and would ultimately be a poor decision. Hence, the manager should adopt such strategies and decision that prov e to be benefit for both the organization and the workers so that both could be equally satisfied and best results could be achieved. 3. What are the pros and cons of decisions made by groups such as committees and tasks forces as compared to decisions made by one person Decision making is one of the most critical and tricky work and decisions are made on daily basis both by groups as well as individuals. There are certain advantages in both the two types, but decision made by groups hold more importance because working in group combines strength, skills among all the members and therefore it would lead to a better performance as compared to individual. Because an individual when making a decision would only look at one factor which he would consider right and he alone could not think of all other factors that could result in a specific problem. This states that a group leads to diverse and innovative ideas. Group decisions are also free from biasness because it requires every group member contribution while an individual decision could be affected by personal belonging or
Sunday, August 11, 2019
Human resource management Management of physical resources Marketing Essay
Human resource management Management of physical resources Marketing Information systems - Essay Example They not only advice the managers on issues related to employees but also help the organization in achieving its objectives and aims. The International Business Machines have always emphasized on the paramount importance the employees hold in the organization. The founder of IBM had stated that they say a man is known for the company he keeps. We say in our business that a company is known by the man it keeps. At IBM, the overall human resource strategy focuses on four specific areas. These areas are business value, innovation, on demand infrastructure and global integration. IBMs HR strategy aims at identifying the characteristics of the company that energizes as well as motivates its employees. This is mainly because behind the overall strategy are the employees who work hard to make it all work. IBM has always been committed to a diversified workforce and always strives to attain candidates who are qualified and reflect the markets served by the organization. The IBM recruiting is strategically designed to reach the brightest professional talent. The organization works hard to motivate its employees through leadership, flexibility, a value based climate, performance based opportunities and by hiring diverse and talented people. At IBM, the Human resource is expected to achieve certain objectives. These include mainly to grow IBM, also the HR is to anticipate and build skills and lastly to lead transformation. The contribution of human resource development techniques at IBM ensures employee engagement. The employees are provided access to On Demand Workplace through which they access to a variety of tools and websites in order to build expertise and manage career. This includes E-learning; which is IBM’s central warehouse of all online courses that are offered by the IBM professionals, Career sites and tools; these enable the employees to not only identify opportunities but also to mark their progress as they proceed along their career path and to
Saturday, August 10, 2019
Discounted cash flow Essay Example | Topics and Well Written Essays - 750 words
Discounted cash flow - Essay Example One of the valuation tools that analysts use to determine the stock valuation is discounted cash flow. They try to determine current value estimating future cash flows. Cash Flow is taken into account while making all estimations. Cash Flow (Free) gives far clear picture about the company for it takes into account the change in working capital as well as all investments made during the period. It can be expressed as under. Cash Flow = Net Profit+ Depreciation/Amortization-Expenditures-changes in working cap. Analysts take into account cash flows because it is difficult to manipulate while earnings can be manipulated and adjusted. (Free Cash†¦) When estimated cash flows are discounted to the present value as per the cost of capital for the number of years of operation, it gives a clear picture for the benefits accrued from the investments made in the company. Mathematically, it can be expressed as Present Value = CF1/(1+K)+ CF2 / (1+K)2 +CF3/ (1+K)3 +.......[TCF / (K - R)] / ( 1+K)n-1 CFi = Cash flow in the year 1, 2, 3†¦ K = discount rate TCF = Cash flow in the terminal year R= growth rate assumption beyond terminal year n = the number of years including the terminal year In short, above model gives the present value of the company based on the cash flow estimates of the future. DCF analysis implies that the company is worth all the cash that can be made available to the investors in the future. Future cash flows are discounted to the present value so that comparison becomes possible on investments made and benefits accrued. All future benefits of the investments made accrue at different time intervals, for example, at the end of year 1, 2, 3, and so on. Methodology and formula is same for all the analysts yet end results will differ for the following reasons. 1. The Discount Rate taken into calculation will be different for different analyst. The discount rate is usually the cost of capital. Each company is made of debt and equity in its capital st ructure. The cost of debt can be known easily as per the going rate in the market but estimating the cost of equity is a bit complicated task where each analyst applies his or her judgment. The equity is shareholder’s money and not without the cost. It has also certain indirect cost implications. The share holders of the company expect to obtain a certain return on their equity investments. Equity is a risk capital and depending upon the general economic conditions of the market, share holder wants certain minimum return over and above risk free return available to them in the market. If the company does not meet shareholder’s expectation, they will simple exit from the company. That will cause the fall in the market price of the shares. In other words, the company must give some minimum return to the shareholders to maintain the price of shares in the market. This is, in a way, the cost of equity for the company. Every analyst will have own perception on this cost of equity. Thus, each analyst will have some different discounting factor in their mind. This will also vary as per the economic conditions of the country and risk factors associated with the company. 2. Cash Flow Forecast is another critical parameter where two analysts estimate always differ. It is always easy to forecast the cash flow for a few years down the line but it is not possible to have these estimates without error beyond few years. Each analyst’s perception about future market conditions and overall economic scenarios come into play. Some analyst may have a cautious approach in estimation of future cash flows while other may be a bit liberal or optimist in the projections. It is obvious that this will have a bearing on the valuation of the stock and cause variance on valuation of the stock. (Free Cash†¦) 3. The Growth Rate beyond the terminal year is a long visionary assumption. Farther we go, more difficult it becomes to arrive at the agreement on values. When company reaches to the maturity cycle after a few years of operation, it
Friday, August 9, 2019
HR Strategy Achieving Quality Essay Example | Topics and Well Written Essays - 250 words
HR Strategy Achieving Quality - Essay Example However, in order to make it more official, they will request the employers to consent to it in case of employee violation, or the labor unions could sue the employer. (Deming, 1986) In the event that the 14 principles are against the requirements of a given union, the unions can instigate the push for legal action in an area that concerns the interested parties. In the case of an employer, the trade union will not support that which is against the rights of the workers. Similarly, union can also hinder the principles if through them the employer will be violating the rights of the employee’s participation in a trade union. (Deming, 1986) To begin with, is if the union supports the principles intended to benefit both parties (employers and employees); second, are the principles opposed by the union positive or negative; third, are unions willing to deliberate on a matter to come to an agreement; fourth, does the union address the needs of the members; finally, does union negatively or positively affect the employers or employees. (Deming,
Thursday, August 8, 2019
Physics research paper outline Essay Example | Topics and Well Written Essays - 250 words
Physics research paper outline - Essay Example Berlin: Springer, 2004, provides a deep information on the topic by giving information about the low cost solar cells. Poortmans, Jef and Arkhipov, Vladimir. Thin Film Solar Cells: Fabrication, Characterization and Applications. London: John Wiley and Sons, 2006, provides the knowledge for the research topic by giving knowledge about the manufacturing process and the materials utilized in low cost solar photovoltaic cells. Solanki, Chetan Singh. Solar Photovoltaics: Fundamentals Technologies and Applications. New Delhi: PHI Learning, 2009 gives information about the solar technologies and the different applications of the solar technology. Worthington, David. New Solar Technology Could Be Mass Produced. Smart Planet, 2011. Retrieved on 4 December 2011 from http://www.smartplanet.com/blog/intelligent-energy/new-solar-technology-could-be-mass-produced/5672, gives the ideas how the cost of the solar technology can be reduced and how the efficiency of the solar technology can be enhanced. As the energy resources are consumed on a large scale, the demand for the energy is increasing and the energy generated by the fossil fuel has not the capability to generate the energy from harmful fumes and green house gases. In this way, the energy produced by burning the fossil fuel resources is denies the theories of sustainability. For this reason, the utilization of environment friendly technology is needed for the future and solar technology has enough potential to promise the uninterrupted power for the future. Solar energy has the potential to provide the technology for the future. Solar photovoltaic technology can convert the direct solar energy into electrical power and the solar thermal technology converts the water into steam and then utilized the steam turbine to extract the energy from the steam and convert it to electrical energy. Thin film solar photovoltaic cells can be produces at massive level utilizing the
Recidivism Rates and Trends Research Paper Example | Topics and Well Written Essays - 3750 words
Recidivism Rates and Trends - Research Paper Example He/she is supposed to be convicted again. Another reason for re-imprisonment results from the violation of parole or supervision practices as set out in the policies. Recidivism rate can be reduced by a successful integration of inmates into the society after their release from prison. According to the president of John Jay College of Criminal Justice, Jeremy Travis, reintegration entails the connection of released prisoners and the community and the families they are returning to. According to the Second Chance Act of 2007, the released prisoners have the same right as the general population with regard to accessibility of social and economic resources and the exercise of their civil rights like voting and should not be victimized or discriminated. Support of the re-entering inmates by the broader community enhances their integration into the community smoothly. According to the Bureau of Justice Statistics, (2000), it is estimated that about 1600 state and federal prisoners are released into the community in a day. Though the prisoners anticipate this day when they get their freedom back, most of them are faced with immense challenges of living in liberty in the streets after moving out of prison. Challenges faced by re-entering prisoners are caused by lack of proper integration mechanisms of the prisoners back in the society especially for those who have spent a lot of years in prison. Such prisoners have been detached from the community and are not prepared for their life back in the society. Stigmatization of ex-convicts poses problems of getting employment, housing and rejection from families and relative. Such people are more likely to engage in reoffending in substance abuse and inappropriate behaviors which affect the healthy life of the ex-convict and lead to rearrests. The cycles of removal and return of person in prison increase the costs of maintaining and running the correctional institutions which burden the public through tax (Beck, 2000).
Wednesday, August 7, 2019
The Scarlet Letter Characters Essay Example for Free
The Scarlet Letter Characters Essay Despite the fact that Hester Prynne, the protagonist of the story, committed adultery she is still an epitome of a woman with dignity. Even though her dress was marked with the symbol of disgrace she still lived a life with her head high and became an important member in her community as a seamstress (Hawthorne, 1981). Hester and her scarlet letter            The Scarlet letter is a story that revolves around the lives of Hester and her daughter out of wedlock, Pearl. Hester committed an adultery with a man that she refuse to name and is sentenced to wear a scarlet letter â€Å"A†on her dress for as long as she lives. This letter is a symbol of disgrace since adultery is considered a capital sin during those times. Despite the everyday indignation that she experiences from people she still bore a child and made a living through sewing. She later on gained popularity as a good seamstress. At the climax of the story wherein the father of Pearl admitted in public that he is the father and died, Hester was already freed from sin. Hester and Pearl left for Europe and lived there until Pearl got married to an aristocrat. Hester came back to her community leaving a descent life and continued on wearing the scarlet letter even though she could have stayed at Europe together with her daughter (Woloszyn,2002). Adultery and the scarlet letter            Adultery during the 1640s was punishable by death and whipping. During the time of Hawthorne the Plymouth law of 1694 dictates that those who commit adultery should display a letter â€Å"A†on their dress (Eldred,1999). Thus, the Scarlet Letter of Hawthorne came about. The Plymouth law is viewed as a light punishment as compared to death and severe whipping however the mark of adultery will be carried as long as she lives. Her child also experienced shame and discrimination especially during her childhood when other children harass and mock her. Hester, her mother, would throw stones at them to make them stop (Eldred,1999). Despite the many sufferings that she has incurred she has had chances of escaping her current state. Choices to escape the scarlet letter            Hester had a choice to reveal the name of the father of her child but she refuse to do so. This could have been her way out of the shame that adultery has caused her but she never did. She was made to wear the scarlet letter with the hopes that she will someday repent and reveal the name of father of her child (Hawthorne, 1981). She never did revealed his name. Perhaps out of love, respect or other factors but this only proves that as a woman she is headstrong. She chose to endure a life as an outcast despite constant discrimination and hate thread that is brought about by the Scarlet letter that she wears. She still has communication with the father of her child. This is a reflection of her strength.            Hester could have opt to live forever in England but she chose to go back to her home town. When she came back she still wore the scarlet letter. She lived a humble life and her opinions were sought and she was respected (Woloszyn,2002). She had a variety of options available for her since she has had a good life in England. For one she could have stayed there. Second she could have have came back but used a different identity. Third, she could have looked for a new husband. There are other options apart from coming back to her hometown wearing the scarlet letter. Im quite sure a lot of women who have experienced what she has gone through would not even wear the scarlet letter again. She on the other hand continued wearing it as a sign of repentance. The woman behind the scarlet letter            Hester is but a fragment of the millions of women who commit adultery. This is a sin however Hester proved that a person should not be judged by a single mistake but by how she lived her life. There are different factors that may push one to commit adultery but what matters is that Hester repented for her sins and continued to repent until the day she died.            The scarlet letter that she has worn for so long has not penetrated in her. She is still free from bitterness and vile as she lived and showed a beautiful heart. Though she has committed a sin she refused to keep her head buried in shame. She held her head high, earned a descent living and raised a beautiful child.            She serves as an inspiration for women. References Eldred, Eric. Notes to the Scarlet Letter. 1999. 7August 2008             http://www.eldritchpress.org/nh/sl02-n.html Hawthorne, Nathaniel. The Scarlet Letter. Bantam Classics. 1981 Woloszyn,Margaret. â€Å"Short Stories†2002. 7August 2008            http://www.tqnyc.org/NYC00041/SCARLET/LETTER.htm
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