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Free Essays on Ethics In Decision Making

Ethics in Decision Making The decision making processes that people go through in their lives can have many different influences. One of the more important influences in the decision making process is the ethics involved in a decision. This begs the question, â€Å"What are ethics?† One definition of ethics could be a structured set of guidelines for personal and professional behavior (Houghton Mifflin Company, 2000). Another definition could be the study of the moral choices people make, and what drives these choices (Houghton Mifflin Company). Regardless, not all decisions carry a significant ethical weight. It is important to recognize the decisions that do have ethical questions attached to them and to weigh the decision against an ethical standard. Ethics can have gray areas and vary from one culture to culture, or even from one person to the next. One person may decide it is ethical to sell a car â€Å"as is†, knowing the car needs expensive servicing or repairs. This person may suppose that the buyer should read into the â€Å"as is† tag and understand the inherent risks associated. This ethical standard could shock someone else who might think it the worst sort of deception. The key is to reflect on the values of the society in which you live, and the personal moral code that one lives by. In a society such as mainstream America, the above sale would be legal and even ethical in most jurisdictions. Ethical standards are particularly applicable to business and professions, and as such are largely constructions of laws. Despite the legality of the aforementioned car sale, such an act would likely be viewed unfavorably by the majority of people in American society. As such, any person who chose to try and make a living selling cars must understand that while the sale was legal, society will not tolerate this and act decisively. People would eventually choose not to buy cars from that person. They would tell their fri... Free Essays on Ethics In Decision Making Free Essays on Ethics In Decision Making Ethics in Decision Making The decision making processes that people go through in their lives can have many different influences. One of the more important influences in the decision making process is the ethics involved in a decision. This begs the question, â€Å"What are ethics?† One definition of ethics could be a structured set of guidelines for personal and professional behavior (Houghton Mifflin Company, 2000). Another definition could be the study of the moral choices people make, and what drives these choices (Houghton Mifflin Company). Regardless, not all decisions carry a significant ethical weight. It is important to recognize the decisions that do have ethical questions attached to them and to weigh the decision against an ethical standard. Ethics can have gray areas and vary from one culture to culture, or even from one person to the next. One person may decide it is ethical to sell a car â€Å"as is†, knowing the car needs expensive servicing or repairs. This person may suppose that the buyer should read into the â€Å"as is† tag and understand the inherent risks associated. This ethical standard could shock someone else who might think it the worst sort of deception. The key is to reflect on the values of the society in which you live, and the personal moral code that one lives by. In a society such as mainstream America, the above sale would be legal and even ethical in most jurisdictions. Ethical standards are particularly applicable to business and professions, and as such are largely constructions of laws. Despite the legality of the aforementioned car sale, such an act would likely be viewed unfavorably by the majority of people in American society. As such, any person who chose to try and make a living selling cars must understand that while the sale was legal, society will not tolerate this and act decisively. People would eventually choose not to buy cars from that person. They would tell their fri...

The Failure of the Peace Process in the Middle East Essay

The Failure of the Peace Process in the Middle East - Essay Example   Ã‚  Ã‚  Ã‚  Ã‚   Amongst these were associates of the Palestinian government, as well as Yaseer Arafat himself, presenting their pity to the Engineer’s relatives. The Israeli officers were in touch with the Palestinian government bureaucrats, earlier to the assault and they in fact talked to one another regarding whether or not to go further on with this intended murder. Enderlin writes that Shimon Peres and his consultants thought that it would be excessively dangerous from a political point of view to miss the act, since if Ayyash were capable to accomplish the suicide bombing earlier than the future elections the opponent leader, would be proficient to articulate that they did not do something when they had the opportunity.  Ayyash murder was the start of a series of proceedings that would eventually direct to the conclusion of the Oslo agreements. Next to the huge interment, Hamas hit back in a sequence of vicious suicide bombings in Jerusalem. Under the situation, i t made logic for the Israeli community to choose Benyamin Netanyahu who assured the safety that they so desired. This is right. Right away next to Rabin’s murder, the Left in Israel was very sturdy and the suicide bombings did harm them at the ballots. Though, it was not an exact bombing only that directs to Peres overwhelm. One of the most amazing and disastrous features about Enderlin’s story is just how slam Barak and Arafat’s cooperation groups had come to fundamentally finalize an contracts.... Eventually, Enderlin writes that Shimon Peres and his consultants thought that it would be excessively dangerous from a political point of view to miss the act, since if Ayyash were capable to accomplish the suicide bombing earlier than the future elections, Benyamin Netanyahu, the opponent leader, would be proficient to articulate that they did not do something when they had the opportunity. Ayyash murder was the start of a series of proceedings that would eventually direct to the conclusion of the Oslo agreements. Next to the huge interment, Hamas hit back in a sequence of vicious suicide bombings in Jerusalem. Under the situation, it made logic for the Israeli community to choose Benyamin Netanyahu who assured the safety that they so desired. This is, in some way, right. Right away next to Rabin's murder, the Left in Israel was very sturdy and the suicide bombings did harm them at the ballots. Though, it was not an exact bombing only that directs to Peres overwhelm. The whole Arab-Israeli society, who would have with no hesitation chosen Peres, boycotted the elections in dispute of the horrifying disaster at Kfar Kana, where approximately 100 Lebanese inhabitants passed away owing to the disgusting carelessness of the Israeli armed forces.One of the most amazing and disastrous features about Enderlin's story is just how slam Barak and Arafat's cooperation groups had c ome to fundamentally finalize an contracts. Shattered Dreams the Failure of the Peace Process in the Middle East by Charles Enderlin 3 All of the things were in its place, President Clinton, who was on his way away of workplace,

3. Report - Base on Case study Assignment Example | Topics and Well Written Essays - 1000 words

3. Report - Base on Case study - Assignment Example Cliff Lewis has been ranked the highest for providing adequate support to the employees for the growth of the department. Before appointing Cliff Lewis as a head of the Department of Town Planning, the department consisted of 55 employees. It has been identified that out of 55 employees, 35 are appointed for technical purpose, 5 are appointed as a project directors and 5 are appointed as expert coordinator. Moreover, rest of 5 employees are appointed for the administrative support. On the other hand, the Department of Economic Development is ascertained to be organised in an effective manner. Cliff Lewis has been identified to be making efforts to design the department in an organised manner. The Department of Economic Development has been restructured by Cliff Lewis by developing four business units with 25 employees. The employees are recognised to be assigned with specific job roles based on which operations are needed to be performed. The Department of Town Planning is suffering from a poor infrastructure. It has been also observed that the Department of Town Planning has failed to achieve several responsibilities within the due time. In this regard, numerous conflicts have been witnessed with the organisation for increasing complexities and lack of business effectiveness (Rochdale Borough Council, 2015a; Hickman & Banister, 2007). It is expected that after being appointed in the position of Head of Planning for South Berkshire Borough Council, Cliff Lewis has been planning to bring various changes in its operational performances as well as structural base. Cliff Lewis has decided to develop a new planning relating to Town Planning and Development Department (Pennsylvania Department of Community and Economic Development, 2000). More elaborately, it can be ascertained that Town Planning is a part of national law of the country. Initially, Cliff Lewis has been planning to develop a

Javascript Essay Example | Topics and Well Written Essays - 1500 words

Javascript - Essay Example Furthermore, needs change as a system is developed so the needs as identified when the system was specified may be different by the time that the system is tested. V & V process involves the whole life-cycle process it must be applied at each stage in the software process. It has two principal objectives namely the discovery of defects in a system and the assessment of whether or not the system is useful and useable in an operational situation. V & V should establish confidence that the software is fit for purpose. This does NOT mean completely free of defects. Rather, it must be good enough for its intended use and the type of use will determine the degree of confidence that is needed. The making of the game was quite enjoyable. The JavaScript usage was done to its extreme level for the use of DOM objects and extensive use of functions. The various details regarding the JavaScript would enable us to develop applications and make sure that all the various knowledge is used for enhancing technology. The various DOM and the JavaScript functions used enable us to understand the power of functions and discuss the variability of the various arguments. The events in JavaScript are used at its exhaustiveness and make sure that all the various solutions are quite knowledge oriented for its advanced use. The true use of the programming ability of JavaScript enables one to fetch a large knowledge in the use of functions, events and DOM structure to develop quite complex programs for developing better products and technologies. The Nougat and Crosses game has enhanced my vision towards the subject and the powerful components of the subject which is yet to be exploited for better use. The innovation in me has seeded with the surprising view of the functions and the objects that can be used with the language and enable its usage for developing bigger and better

The liberlization and privatization of the indian economy

The liberlization and privatization of the indian economy Rajiv Gandhis government initiated the policy of liberalization since mid-80s. The liberalization initiatives have been undertaken in India with a view to increase a production, improve quality and get access to market for products and service abroad. Radical liberalization or globalization measures have been brought in since July 1991 to make the Indian economy progressively market oriented and integrate it with the emerging global economy structure. These measures include reduction and rationalization of excise duty and customs duties, delicensing of several drug and pharmaceutical products, ready access to import of raw material and capital goods and so on. It has created an environment conducive to an enterprise, investment and innovation. Indian industries have started to attract foreign portfolio investment and equity participation in new ventures. The government is committed to make foreign players feet at ease to invest directly and bring with it new technology and marketing skills. There has been impressive growth in FDI inflows to India with the introduction of policy reforms. As compared to a near total concentration in manufacturing till 1991, the bulk of new inflow has come in the energy and service sector. Liberalization The New Industrial Policy, 1991 A number of significant economic changes introduced by many a number of countries all the world over, the encouraging results of the liberalization measures introduced in 1980s by the Government of India, and the precarious economic situation that prevailed during the later part 80s have encouraged and forced the then Congress government, which came back to power at the center, under the leadership of Shri. P. V. Narasimha Rao-a non Nehru family member, to take some bold measures to rejuvenate the economy and to accelerate the pace of development. In this background, the Government of India announced its New Industrial Policy (NIP or IP) on July 24, 1991. The important objectives are: (a) to correct the distortions that may have crept in, and consolidate the strengths built on the gains already made, (b) to maintain sustained growth in the productivity and gainful employment, and (c) to attain international competitiveness. Therefore, the basic philosophy of the New IP, 1991 has bee n the continuity with change. Because, the new policy represents a renewed initiative towards consolidating the gains of national reconstruction at this crucial stage. But what is more important is the change (in continuity with change)-change in the attitude of the state towards the industrial society, change from centrally planned economy to market led economy, change from excessive government intervention to minimal intervention, change from nationalization to privatization, change from subsidization and cross-subsidization to gradual withdrawal of subsidy, etc. But these changes, which the government has introduced, represent a sharp departure from the earlier industrial policies. These changes pertain broadly to five areas viz., (a) Industrial licensing, (b) Public sector policy, (c) MRTP Act, 1969, (d) Foreign investment, and (e) Foreign technology agreements. Industrial Licensing This is one of the areas in which substantial change has been made by the government. With a view to give effect to these changes, the government issued a notification [viz., Notification No. 477 (E)] on July 25, 1991 and this notification has exempted the industrial undertakings from the operation of the following Sections of Industries Development and Regulations Act, 1951 subject to the fulfillment of certain conditions. Section 10 (which deals with registration of existing industrial undertakings); Section 11 (which is concerned with the licensing for new industrial undertakings); and Section 13 (which is concerned with the licensing requirements for substantial expansion). Further, the second schedule appended to the notification cited above [viz., No. 477 (E)] lists the industries which are subject to mandatory industrial licensing. According to this notification, only 18 industries were subject to compulsory industrial licensing. Further, five more industries have been excluded from the list of industries which are subject to compulsory industrial licensing subsequently. That means, only 13 industries are now subject to compulsory industrial licensing. Public Sector Policy A large number of Public Sector Enterprises have failed to achieve at least a reasonable rate of success. Some of the factors which have contributed to this situation are over staffing and over managing, price and distributions controls, etc. Hence, the government, in its Industrial Policy, 1991, introduced the number of significant changes pertaining to the PSEs. Some of the important changes envisaged by the New Policy are summarized below. Prior to the announcement of New Industrial Policy, 1991, seventeen industries were reserved exclusively for the state for their future development. Further, with respect to another 12 industries, the state was to play an important role by taking initiative to establish new undertakings. Besides, the state had power to enter into any other area reserved for the private sector. However, the failure on the part of majority of PSEs has forced the government to review its earlier decision. Consequently, the government in its New Industrial Policy, 1991 has pruned the list of the industries reserved for the public sector to only 8. Further, the government has dereserved 2 more industries. As a result, only six industries are now reserved for the public sector. They are: (a) Arms and ammunition and allied items of defence equipment, aircraft and warships, (b) Atomic energy, (c) Coal and lignite, (d) Mineral oils, (e) Minerals specified in the schedule to the Atomic Energy Order, 1953, and (f) Railway transport. Hence, the focus of the public sector will be only on strategic and high tech industries and on basic infrastructural projects. However the objective of the New Industrial Policy has been to withdraw the public sector investment from the activities which can successfully be taken up by the private sector enterprises. The emphasis of PSEs in future will be on: (a) Basic and essential infrastructural facilities, (b) Mineral resources, (c) Crucial areas in the interest of the economy in the long run and where the private sector investment is inadequate, and (d) Defence equipment. With a view to mobilize the resources and to have a wider public participation, apart of governments share holdings in its enterprises will be offered to the mutual funds, financial institutions, employs of PSEs, and the general public. The New Industrial Policy also proposes selective privatization of PSEs. Further, the policy also proposes to close down the PSEs which have become sick and which cannot be rehabilitated. The sick PSEs which can be revived will be refered to Board for Industrial and Financial Reconstruction for the formulation of revival packages. The New Industrial Policy also aims at providing greater operational and managerial autonomy to the management of PSEs and making the managements accountable for the performance through a system called Memorandum of Understanding. MRTP Act, 1969 The New Industrial Policy, 1991 proposes to amend suitably the Monopolies and Restrictive Trade Practices Act, 1969. To remove the threshold limits of assets in respect of MRTP companies and the dominant industrial undertakings. The important objectives of this were two in number. They are: Prevention of concentration of economic power in the hands of few which will be detrimental to the common interest; and Regulation of monopolistic, restrictive and unfair trade practices which are pursued by the business community and which are prejudicial to the public interest. The New Policy proposes to renew the threshold limits of assets and therefore, to repeal the Provisions of MRTP Act, 1969 pertaining to the first objective. Hence, the MRTP Act now concerned only with the prohibition of monopolistic, restrictive and unfair trade practices followed by the industrial undertakings and the trading communities. Foreign Investment As far as the direct foreign investment is concerned, the New Policy proposes to give automatic approval up to 51% of equity in the case of high priority industries and it has also identified 34 such industry groups. Further, the policy proposes to allow majority foreign equity holdings up to 51% of equity for the trading companies which are engaged in export activities. This is to enable the domestic companies an easy access to international markets. With a view to negotiate with the large international financial institutions and to approve the direct foreign investments proposals in selected areas, the New Policy proposes to constitute a special committee. Foreign Technology Agreements The New Industrial Policy proposes to give automatic permission for foreign technology agreements in identified high priority industries. Further, it also proposes to allow other industries to import foreign technology subject to the fulfillment of certain conditions. Conclusion The New Industrial Policy, 1991 certainly differs significantly from the earlier philosophies, approaches, etc. of the government. For instance, prior to 1991, scope of public sector was expanded by reserving more number of industries for the public sector. But now, its scope has been reduced drastically by reducing the number of industries reserved for the public sector. Like this, a large number of changes can be noticed in the new policy. This process has been continuing even in post liberalization era. Adding to this, the government has taken a number of steps to give effect to its policy decisions included in the New Industrial Policy, 1991. Though the economy has been benefited significantly from these measures, the economy has not been able to reap the full benefits of the Economic Reform Package owing to the political instability, etc. Privatization Privatization of PSUs Majority of the industrial enterprises in the public sector have failed to achieve the desired result. Of course, a number of factors-internal and external, controllable and non- controllable are responsible for his precarious performance. A look at the history of public sector undertakings (PSUs) in the country reveals the continuous expansion in the role of PSUs. Consequently, a number of enterprises have been established and huge amount of borrowed capital has been employed by the state even in the non-core, non-strategic and not so essential area. Hence, the state has made a number of changes in its New Industrial Policy announced on July 24, 1991. Introduction In the sixties and seventies, the public sector policy has been largely guided by Industrial Policy Resolution, 1956 which gave the public sector a strategic role in the economy. During the last four decades, massive investments have been made to build a public sector which has a commanding role in the economy. Today, many key sector of the economy are dominated by the mature public sector enterprises that have successfully expanded the production. In the early post-Independence years, there was virtual consensus about the need for the government intervention in economic activities. Pandit Jawaharlal Nehru described the public sector as Temples of Modern India. At that time, virtually neither questioned the strategy nor raised any doubts about its implementation. The number of central public sector enterprises increased from 5 in the year 1951 to 240 by the end of 1995 and investments in public sector undertakings (PSUs) increased from Rs29 crore in 1951 to Rs. 1,72,438 crore by the end of 1995. They contributed nearly one third of our exports. They made significant contribution to import substitution. Government undertakings account for more that 70% of the work force employed in the organized sector. They have greatly reduced the imbalanced of regional development and have laid strong base for the rapid development of the country. Some of the PSUs have earned a reputation par excellence at the international level. Some giant public sector units (e.g., Indian Oil Corporation, Steel Authority of India, Oil and Natural Gas Commission, Hindustan Petroleum Corporation Ltd., Coal India Ltd and Bharat Petroleum Corporation Ltd) figure in Fortune Internationals large companies. Further, the public sector accounts for one-fourth of the countrys GDP. There are two million employees in government undertakings and the average emoluments per annum amount to more than Rs.50, 000 each. Besides paying higher salaries, public enterprises assure job security, good working condition, attractive incentive scheme, participative management, higher degree of safety, adequate facilities, etc. Meaning of Privatisation The revolution of privatization started in 1980 and spread to many parts of the world. Several countries are privatizing their public sector enterprises. India is no exception to it. Privatization was meant to improve the performance of public enterprises. Privatization techniques have been tried in countries like Great Britain, China, US, Turkey, Brazil, Mexico, Japan, etc. Privatization, in the narrow sense, means transfer of ownership, or sale of public enterprises. However, privatization has been used in different ways as detailed below: Liberalization Approach: Privatization may be used in the sense of liberalization having fewer controls and regulation by the state in economic activities. This also means slowing of new controls and regulations and also dismantling of the existing controls and regulations. Relative Share Enlargement Approach: Privatization may relate to enlargement of the share of private enterprises in the production of goods and services in the economy. This means that faster economic expansion of goods and services produced by private sector and slowing down of production of goods and services in the public sector. Association of Private Sector Management Approach: This approach suggests utilizing the services of managerial personnel or executives of private sector enterprises for the conduct and management of PSUs. Transfer of Minority Equity Ownership Approach: Privatization may be defined as the transfer of minority equity ownership of public enterprises to private individuals and institutions so that the ultimate control continues to remain with the state. Transfer of Complete Ownership Approach: Privatization is also used in the sense of sale of all the shares to the private parties so that the public enterprises are converted into private enterprises. In India, privatization is taking place by adopting two common methods viz., (a) Having fewer controls and regulations by the state in economic activities, and (b) Transferring ownership of state equity in PSUs to private individuals and institutions. Benefits of Privatization It is expected that privatization will ensure the following benefits: Increasing overall efficiency: Improvement in the quality of management and decision making: No government financial backing, and therefore, capital market will compel these enterprises to be more efficient; Substantial reduction in governments budgetary support resulting in reduction in budgetary deficit; Recovery of government fund which could more productively be used in development activities; Reduction in political and bureaucratic interferences; Better industrial relations management; etc. Shortcomings Though the PSUs have contributed heavily to develop the industrial base of the country, they continue, even today, to suffer from a number of shortcomings which are identified below very briefly. A sizable number of PSUs have been incurring and reporting losses on a continual basis. Consequently, a large number of PSUs have already been referred of BIFR; Multiplicity of authorities to whom the PSUs are accountable; Delay in implementation of projects leading to cost escalation and other consequences; Ineffective and widespread inefficiency on management; Many PSUs are operating without the leader (i.e., chief executive or chairman); With a view to provide opportunities for more and more unemployed youths, more number of people, than required, were recruited and therefore, many PSUs are over-staffed resulting in lower labour productivity, bad industrial relations, etc.; un-remunerative pricing policy; and A number of sick companies (40 companies) which were in the private sector was taken over by public sector mainly to protect the employees. These sick units are causing a big drain on the resources of the state; etc. Methods of Privatization There are four important modes of privatization. They are: Franchising, (b) Contracting, (c) Leasing, and (d) Disinvestment. In India, disinvestment of government share of equity in PSUs is predominant. It started in 1992 immediately after the New Economic Policy in a phased manner. The main criticism of disinvestment of shares of PSUs in India is that it has been partial and half-hearted. There seems to be no plans to disinvest completely. The government still would like to keep a dominant control. 39 companies have been proposed for disinvestment till 1995-96. All the companies proposed for disinvestment are central PSUs. No state level PSU has been proposed for disinvestment. It could only disinvest 1% to 35% shares of PSUs on an average. It is also observed that the shares of efficient and profit-making companies are disinvested more than the companies which are potentially sick or sick companies. The disinvestment percentage is also not much in loss-making and inefficient units, thereby defeating the purpose. The Finance Ministry has also explained that the government is consciously not off-loading larger chunks of its holding. The Rangarajan Committee has suggested that government holding in public sector undertaking must be less than 50%. But partial disinvestment will be of no avail to change the culture in the public sector undertaking. Future Plans of Government The following are the future plans of government: Strengthening strategic units, Privatizing non-strategic units by (1) Gradual disinvestment, and (2) Strategic sale, and Devising suitable rehabilitation package for weak units. Conclusion The privatization process launched with all seriousness after the announcement of New Industrial Policy, 1991 was a failure. The state must accept this and take necessary steps either to privatize or to improve the efficiency and performance of PSUs. GLOBALISATION Introduction: The expansion of economic activities across political boundaries of nation states. More important, perhaps, it refers to a process of increasing economic integrated and growing economic interdependence between countries in the world economy. It is associated not only with an increasing cross- border movement of goods, services, capital technology information and people but also with an organization of economic activities which straddles national boundaries. This process is driven by the lure of profit and threat of competition in the market. The term Globalization as such denotes adjustment of national economy with that of the world economy. It is conversion of a national market into international mobility of factors of production. In others words, it may be described as the integration of national economy with that of global economy. An important attribute of Globalization is the increasing degree of openness, which has three dimensions, i.e.; international trade, international investment and international finance. According to World Development Report, Globalization reflects the progressive integration of worlds economies. The manifestation of production includes spatial reorganization of production the interpenetration of industries across borders, the spread of financial markets, and the diffusion of identical consumer goods to distant countries and massive transfer of population across national frontiers. Globalization is a process of reaffirmation of faith in the markets, retaining the character of independence of a country. Here, the country follows a pragmatic policy with a shift in decision making from government to business. The market forces and the laws of economics will have greater importance than the political ideology. To make a country a successful partner in Globalization, the government must play a complimentary role. Factors contributing to Globalization: The important factors that contribute to Globalization are: (a) Technological Advances In communication: Technological advances in communication have made it possible to know in an instant what is happening in different parts of the world. The flow of information and ideas, boosted greatly by the Internet, can enable developing countries to learn more rapidly from each other and from industrial countries. (b) Improvements In Transportation And Technology: Improvements in transportation networks and technology are reducing the costs of shipping goods by water, ground and air. This can facilitate the movements of goods. Technological improvements can enable developing countries to leap stages in the development process that rely on inefficient uses of national resources. (c) Other Factors: Rising educational levels, technological innovations that allow ideas to circulate, and the economic failures of most centrally planned economies have also contributed to Globalization. Trends in Globalization: The important trends in Globalization are the following: International Trade: Trade in goods and services has grown twice as fast as global GDP in the 1990s and the share attributable to developing countries has risen from 23 to 29 percent. There is a compositional shift in trade, which has created a new pattern in the international exchange of goods, services, and ideas. Trade in components is one part of that new pattern. Advances in information technology helps to link firms from developing countries into global production networks. The tremendous growth of trade in services and, more recently, of electronic commerce is also a part of the new trade pattern. (b) International Financial Flows: There has been increase in international capital flows of developing countries. However, the financial crisis of 1977-99 have put the growing interdependencies among countries in the spotlight and led to intense scrutiny. Such flows are started to rise again. The financial performance of emerging markets in the 1990s made capital account liberalization an attractive option for developing countries. Many developing countries have began to loosen controls on inflows and outflows of capital. The East Asian meltdown has enhanced the attractiveness of long-term capital investment. Countries have started to recognize that foreign direct investment brings with it not only capital but also technology market access and organizational skills. An analysis of the period 1996-97 shows that foreign direct investment was less volatile than the commercial bank loans and foreign portfolio flows. (c) International Migration: Along with goods, services, and investment, people are crossing borders in large numbers. According to World Development Report 1999-2000, each tear between 2 million and 3 million people emigrate, with majority of them going to just 4 countries: the United States, Germany, Canada and Australia. The market for highly skilled workers will become even more globally integrated in the coming decades. At the end of the 20th century Globalization has already demonstrated that economic decisions, wherever they are made in the world, must take international factors into account. There is acceleration of goods, services, ideas and capital across nation borders. Advantages of Globalization: (a) Promise of Increase Productivity And Higher Living Standards: Globalization brings in new opportunities such as access to markets and technology transfer. These opportunities hold out the promise of increased productivity and higher living standards. (b) Increase In Trade In Goods And Services: There is tremendous growth in trade in goods and services. Trade in goods and services has grown twice as fast as global GDP in the 1990s and the share attributable to developing countries has climbed from 230to 29 percent. Increased international competition in services will lead to reduction in prices and improvements in quality. This will increase the competitiveness of downstream industries. Both industrial and development economics will gain by opening their markets. (c) Provide New Opportunities For Growth: For developing countries, trade is the primary vehicle for realizing the benefits of Globalization. Imports bring additional competition and variety to domestic markets, which benefit consumers. Exports, on the other hand, enlarge foreign markets and benefit business. Further trade exposes domestic firms to the best practices of foreign firms and encourages greater efficiency. Trade gives forms access to improved capital inputs such as machine tools, which boosts productivity. Trade encourages the redistribution of labour and capital too relatively to more productive sectors. It has contributed to the ongoing shift of some manufacturing and services activities from industrial to developing countries, providing new opportunities for growth. (d) Globalization of Financial Markets: Globalization of finance markets affects development because finance plays an important role in economic growth and industrialization. Financial Globalization affects growth in two ways. First, it increases the global supply of capital. Second, it promotes domestic financial development and hence, improves allocative efficiency, creates new financial instruments, and raises the quality of baking services. (e) Increased Flow Of foreign Market Capital: Globalization leads to increased flows of capital across countries. Flows of foreign capital offer substantial economic gains to all parties. Foreign investors diversify their risks outside their home market and gain access to profitable opportunities through out the world. Economies receiving inflows raise the level of investment. When there is foreign investment it is generally accompanied by management expertise, training programs and important linkages to suppliers and international markets. (f) Impact on Poverty: The fast growth and overall development resulting from liberalization, increased flow of trade ad capital could have a major impact on poverty. It is likely to reduce the number of people living in absolute poverty. (g) Increase The Level Of Interdependence And Competitiveness: Globalization is supposed to accelerate and increase the level of interdependence and competitiveness among nation. It is a change from plan to market. As a consequence, markets for merchandise trade are expanding, more and more service are being traded internationally, and capital is flowing in quicker and increasingly diverse ways across countries and regions. There is increasing integration of countries into World markets for goods, services and capital. In short, Globalization widens and intensifies international linkages in trade and finance. (h) Induce Domestic Firms To Improve Technology: The better technology brought in by the MNCs may induce or provoke the domestic firms to absorb similar technology. This may improve their competitiveness and expansion. Disadvantages of Globalization: The universal acceptance of the market economy and the Globalization led by private enterprises tend to have some harmful effects on the economy of developing countries. They are discussed below: Takeover of National Firms: There are a large numbers of cases of takeover of national firms by foreign firms. In some cases, the domestic firms had to handover the majority of equity to foreign partners of joint ventures due to their inability to bring in additional capital. Ruin of Traditional Crafts And Industries: Globalization has lead to replacement of traditional and indigenous products by modern products. This has resulted in the ruin of traditional crafts and industries and the livelihood of the people depended on these sectors. Brings Instability: Globalization sometimes brings instability and unwelcome change in the economy. It exposes workers to competition from imports, which can threaten their jobs. The inflow of foreign capital into the country through Globalization may undermine banks. (d) Widens The Disparity: Globalization will widen the disparity between one who are associated with market and one who are not. With the expansion of trade and foreign investment, the gaps among the developing countries will widen .it has brought in increased income inequality in many industrial countries .it is argued that the developing countries and the poor people are not in a position of achieving benefits from Globalization. The only beneficiaries of it are the developed countries and the MNCs. Growth rate of Indias real GDP per capita Per Capita GDP of South Asian Economies. Estimates of the Per Capita Income of India. CONCLUSION: Economic liberalization has increased the responsibility and role of the private sector. At the same time, it has reduced the control of the government on economy affairs. It is expected that the reforms would liberalize the Indian economy enough to create a conducive environment for rapid economic development. The Ninth Five Year Plan, therefore, rightly observed, The conditions that exist today, demand a decisive break from the past. The government has taken on itself too many responsibilities with the result that it not only encouraged a dependency syndrome among our people, but also imposed severe strains on financial and administrative capabilities of the government. Private initiative whether individual, collective or community-based forms the essence of the development strategy articulated in the plan. The process of reforms according to many economists and social scientists is not fast enough to achieve the goals. Jeffrey Sachs, director of Harvard Universitys center for international development and a noted economist, pointed out that the reform process in India had a long way to go. He feels that without a focus on the twin pillars of social and economic strategies, the future would be bleak for India, especially in the context of competition all around. Liberalization process is on the slow track. Government is expected to reduce and finally give up its involvement in economic matters and play a major role in providing the required socio-economic infrastructure. The government, however, is reluctant to give up its role of owning and controlling economic activities. At the same time its inability to spend for providing minimum health and education services. It is eager to spend on higher education without spending enough on primary and secondary education. It has failed in providing a corruption free administration, an essential precondition for increasing com

Evaluation of Comptronix Corporation: Identifying Inherent Risk and Control Risk Factors Essay

1. Professional auditing standards present the audit risk model, which is used to determine the nature, timing, and extent of audit procedures. Describe the components of the model and discuss how changes in each component affect the auditor’s need for evidence. The audit risk model is used to determine the nature, timing, and extent of substantive audit procedures. The components of audit risk model usually stated as follows: DR = AR/(IR x CR) Where: DR = detection risk; AR = audit risk; IR = inherent risk; CR = control risk Detection Risk: auditors’ procedures will lead them to conclude that a financial statement assertion is not materially misstated when in fact such misstatement does exist. If auditors want to decrease DR, they had better collect more evidence and make sure the validity of evidence. Audit Risk: auditors may unknowingly fail to appropriately modify their opinion on financial statements that are materially misstated. If AR should be keep in low level, which means the other risks also should be low. Inherent Risk: The risk of material misstatement of a financial statement assertion, assuming there were no related controls. As inherent risk increases, PDR decreases, which in turn increases the auditor’s need for stronger evidence. Control risk: The risk that a material misstatement that could occur in an account will not be prevented or detected on a timely basis by internal control. If the strength of internal control is assessed as decreasing, the auditor should pay more attention to control risks. 2. One of the components of the audit risk model is inherent risk. Describe typical factors that auditors evaluate when assessing inherent risk. With the benefit of hindsight, what inherent risk factors were present during the audits of the 1989 through 1992 Comptronix financial statements? Inherent risk is a measure of the auditor’s assessment of the susceptibility of an assertion to a material misstatement assuming there are no related internal controls. Some believe that inherent risk would be greater for some assertions and related account based on some conditions as follows: †¢Complex calculations rather than simple calculations. †¢Non-routine rather than routine transactions. †¢Subjective data rather than objective data. More importantly is that inherent risk is always be effected by external factors as follows: †¢Changes in economic environment †¢Insufficient capital to continue operations †¢Technological improvements. †¢Transactions with related parties. †¢Susceptibility of assets to misappropriation. The inherent risk factors present during the 1989 through 1992 financial statement audits as follows: †¢Loss of Key Customer: Comptronix lost a key customer to SCI after the public offering of stock. Once the company lost their a key customer, Management have a strong motivation manipulate sales and operating performance to satisfy investor expectations because the loss of a key customer put too much pressure on management to meet the requirements of external users. †¢Public Offering of Stock: After Comptronix made its public offering of stock , they have the pressure which push the management to manipulate operating performance too meet the expectations from the external users. †¢Technological Improvement: Comptronix is a manufacture company which main products are circuit boards and the circuit boards’ development depend on technological improvement. The technological improvement has a negative impact on operating performance. †¢Pressures from a new star Company: By the first year of the fraud (1989), Comptronix became a new company which can employ more than 1,800 employees in less than a decade , and at same time, the company expanded its the size of the company in three different locations. The rapid development of company made the management adjusted their operations instead of monitoring company operations. †¢Estimation of Accounts: The high inherent risk accounts include Accounts receivable/ payable, inventory, and property, plant, and equipment. But all the accounts’ computation is based on estimation which led the numbers are very unreliable and subjective. †¢Cash Flow Pressures: Comptronix suffered net losses from 1986. Until the company attracted a venture capitalist, the company was able to generate strong sales and profits. Prior to 1989, Comptronix had generated only two consecutive years of profit after several years of net losses. cash flow of financial statement cannot cover many years of recurring losses. The management has motives to make up operating accounts to look perfect to attract more  investors. 3. Another component of the audit risk model is control risk. Describe the five components of internal control. What characteristics of Comptronix’s internal control increased control risk for the audits of the 1989-1992 year-end financial statements? Five components of control risk are: control environment, risk assessment, control activities, information and communication, and monitoring. Control environment set the tone of an organization by influencing the control consciousness of people. Risk assessment is management’s process for identifying, analyzing, and responding to the risks. Control activities are policies and procedures that help ensure that management’s directives are carried out. Information is needed at all levels of an organization to assist management in meeting the organization’s objectives. Monitoring of controls is a process to assess the quality of internal control performance over time. The information and communication is seriously weak in that he three executives were able to perpetrate the fraud by bypassing the existing accounting system. They could record the fictitious entries manually and other employees were excluded from the manipulations to minimize the likelihood of the fraud being discovered. Besides, the weak control activity and monitoring is represented by the fact that Mr. Shifflett or Mr. Medlin could approve payments based solely on an invoice. Therefore, the fraud team was able to bypass internal controls over cash disbursements. Internal controls were also insufficient to detect the manipulation of sales and accounts receivable. Mr. Medlin had the ability to access the shipping department system. 4. The board of directors, and its audit committee, can be an effective corporate governance mechanism. Discuss the pros and cons of allowing inside directors to sere on the board. Describe typical responsibilities of audit committees.What strengths or weaknesses were present related to Comptronix’s board of directors and audit committee? As shareholders have limited access to the sufficient information, they are hard to monitor the daily transactions and management. They would delegate the responsibilities to the board of directors. Then, board of directors require inside directors to provide sufficient information in order to make decisions those are in the maximum profits of shareholders. However, if the inside directors have improper purposes, it’s easily to be a manipulation tool for management. Audit committee is responsible for ensuring that the company’s financial statements and reports are accurate and use fair and reasonable estimates. More specifically, it is charged with overseeing the financial reporting and disclosure process, monitoring choice of accounting policies and principles, overseeing hiring, performance and independence of the external auditors, oversight of regulatory compliance, monitoring the internal control process, overseeing the performance of the internal audit function, and discussing risk management policies and practices with management. The control environment is significantly influenced by the effectiveness of its board of directors or its audit committee. Factors that bear on the effectiveness of the board or audit committee include the extent of its independence from management, the experience and stature of its members. However, among the seven individuals in Comptronix board of directors, five members are either inside directors or directors had close affiliations with management. In addition, the primary responsibility of the board of directors is to protect the shareholders’ assets and ensure they receive a decent return on their investment. Board members act as trustees of the organization’s assets and must exercise due diligence to oversee that the organization is well managed and that its financial situation remains sound. But the composition of Comptronix’s board of directors obviously lacks objectivity. A qualifying audit committee should be composed of independent directors who are not officers or employees of the organization and who do not have other relationships that impair independence. However, The audit committee of  Comptronix is made up two outside directors and one gray director, which would inevitably impair the independence. What’s more, to qualify, the committee must be composed of outside director with at least one qualifying as a financial expert. Nevertheless, for Comptronix Corporation, there is no indication of whether any of these individuals had accounting or financial reporting backgrounds. Lastly, the audit committee met only twice during 1991, it was not efficiently and sufficiently to monitor and oversee the financial reporting. 5. Public companies must file quarterly financial statements in Form 10-Qs, that have been reviewed by the company’s external auditor. Briefly describe the key requirements of Auditing Standards (AU) Section 722, Interim Financial Statements. Why wouldn’t all companies (public and private) engage their auditors to perform timely reviews of interim financial statements? The term interim financial information means financial information or statements covering a period less than a full year or for a 12-month period ending on a date other than the entity’s fiscal year end. A review consists principally of performing analytical procedures and making inquiries of persons responsible for financial and accounting matters, and does not contemplate (a) test of accounting records through inspection, observation, or confirmation; (b) tests of controls to evaluate their effectiveness; (c) the obtain net of corroborating evidence in response to inquiries; or (d) the performance of certain other procedures ordinarily performed in an audit. The decision to have a review engagement is a joint decision of the client and auditor. So a review would be performed when the benefits to the auditor and to the client exceed the costs to both parties. In general, firms with high complexity are more likely to be reviewed than firms with low complexity. Firms with high growth opportunities a less likely to be reviewed than those with low growth opportunities for they may be associated with higher information and litigation risks. And it’s also about the firms’ audit assurance and insurance needs. 6. Describe whether you think Comptronix’s executive team was inherently dishonest from the beginning. How is it possible for otherwise honest people to become involved in frauds like the one at Comptronix? We don’t think Comptronix’s executive team was inherently dishonest from the beginning. In opposite, we think there are two main reasons for the company committed the fraud. The first is its weak internal control. First comes to the company’s board of director. The board of directors is responsible for overseeing the actions of management. Factors that bear on the effectiveness of the board include the extent of its independence from management, the experience and stature of its members, the extent to which it raises and pursues difficult questions with management, and its interaction with the internal and external auditors. the audit committee of the board of directors should be composed of independent directors who are not officers or employees of the organization and who do not have other relationships that impair independence. In addition, the audit committee should have one or more members who have financial reporting expertise. However, Comptronix’s board of directors consist of the CEO and the COO of the company, And two of the other five directors who had close affiliations with management, one served as the company’s outside general legal counsel and the other who served as vice president of manufacturing for a significant customer of Comptronix, and one of the remaining outside directors who was a partner in the venture capital firm that owned 574,978 shares (5.3%) of Comptronix’s common stock, the second outside director who was the vice chairman and CEO of the local bank originally loaning money to the company, and the third outside director who was president of an international components supplier based in Taiwan. And there was no indication of whether any of these individuals had accounting or financial reporting backgrounds. 28.6% of the board consisted of inside directors. And even all of the board of directors disobey the independence and  effectiveness of the formation of the board of directors. The interest relationship with the company increased the potential risk for the management to commit fraud. The second reason is the huge pressure of harsh competition for the companies in the industry. The fraud was motivated by the loss of a key customer in 1989 to the three executives’ former employer, SCI. Since the first manipulation of the financial statement, they were forced to manipulate the other years and evidences to hide the manipulation, which created a vicious circle. In conclusion, the weak internal control system provided a good environment for the commission of fraud. The huge pressure of the company brought the motivation of the fraud. Both of them played important roles for the honest people to become involved in frauds. 7. Auditing Standards (AU) Section 316, Consideration of Fraud in a Financial Statement Audit, notes that three conditions are generally present when fraud occurs. Research the authoritative standards for auditors and provide a brief summary of each of the three fraud conditions. Additionally, provide an example from the Comptronix fraud of each of the three fraud conditions. (1) Three fraud conditions First, management or other employees have an incentive or are under pressure, which provides a reason to commit fraud. Second, circumstances exist—for example, the absence of controls, ineffective controls, or the ability of management to override controls—that provide an opportunity for a fraud to be perpetrated. Third, those involved are able to rationalize committing a fraudulent act. Some individuals possess an attitude, character, or set of ethical values that allow them to knowingly and intentionally commit a dishonest act. (2) Examples The incentive for top company executive to do fraud is that after the company went public, the company needed an increasing number for profit on the income statement, to attract more investors and make the stock price higher and higher. One of the opportunities for fraud perpetrated in Comptronix is that their internal controls were so insufficient. The three executives had so many authorities to get access to various accounts. They can get control of both checks and accounts payable, which enable them to make fake equipment purchasing recording. Because Comptronix`s quarterly filings were unaudited, the executives were successful in manipulating quarterly financial statements. After they successfully manipulated 1989 year-end sales and receivables, they thought their performance may not be discovered by external auditors and SEC, so they began recording fictitious quarterly sales frequently. 8. Auditing Standards Section 316, Consideration of Fraud in a Financial Statement Audit, notes that there is a possibility that management override of controls could occur in every audit and accordingly, the auditor should include audit procedures in every audit to address that risk. a. What do you think is meant by the term â€Å"management override†? Management override of internal controls is the intervention by managers in handling financial information and making decisions contrary to internal control policy. Managers may think they have the ability to operate outside of the internal controls, but this is not true. b. provide two examples of where management override of controls occurred in the Comptronix fraud. For example, Mr. Medilin, as controller and treasurer, has the authorization to manipulate both sales documents and accounts receivable documents. Thus he can enter bogus sales into the accounting system then make fake accounts  receivable to overstate the company`s earnings. Moreover, in order to overstate the equipment and accounts payable, the three company executives cut fake checks to the bogus accounts payable vendors associated with the fake purchases of equipment. However, the check preparing and recording of equipment purchases jobs should be distributed to different staff. Handling these two jobs at the same time by same executives provide them opportunity to make overstated recording of equipment purchasing. c. Research AU Section 316 to identify the three required auditor responses to further address the risk of management override of internal controls. Three required auditor responses to further address the risk of management override: (1) Examining journal entries and other adjustments for evidence of possible material misstatement due to fraud. (2) Reviewing accounting estimates for biases that could result in material misstatement due to fraud. (3) Evaluating the business rationale for significant unusual transactions.

Autobiography Example

You have just completed your 300-page autobiography. Please submit page 217. To be honest, I am a really a busy person. I usually stay late at work, and sometimes lose my time with my family because of work. However, there is one event that I always do two or three times in a year. I go to music concerts. Since I was young I always listened to music. I listened while studying, driving, getting ready to sleep. Music, especially the drums, has been my strength and friend all the time. The drumsticks, which have been my hands’ friends since I was in seventh grade, are still the friends of my 47 year old hands.Of course my old sticks from my young age have been broken and changed many times over, but I still consider my new sticks as the same sticks I used to have when I was young. It is rather unusual for people to think that I love playing drums because my job is not a part time job or a freelance, and that they think of me as a reticent, a perceptive, and a sensitive person who only cares about his work. Nine years ago, I organized a band, and since then our band have concerts annually. Of course the proceeds of our concert are not for our own profit making.We have our concerts to help other people through the sales of tickets and donations. I know that I can donate money personally, but I wanted to help others by doing things I enjoy and entertain other people. The audiences know that they not only enjoyed the concert, but also have contributed in aiding the needy. Our band consists of seven people each with diverse jobs; CEO, doctor, engineer, composer. Each member has successful work and is recognized in society, and even has busier lives than mine.We gather together, brought about by sympathy for the underprivileged, and the love for music, reason and freedom, even though we work in different areas. Music does not restrict and discriminate age, position, or appearance. We just enjoy the music with our hearts to forget any problems on our shoulders. We first started the band just to dissolve our stress from work and life, and as time went by, it has expanded. We are now having concerts every year. Even though we are not professional musicians, many people, friends, family, have enjoyed our music for years and come and enjoy the concert.It seems that the audiences share our goals. They also get out the burdens of life and work, to just enjoy. The applause I hear from the stage while I shout, jump, and swing the sticks feels different from the greetings I receive at the hallway at work. I sometimes get very excited as if I was an idol star. Even though I think of myself as a professional drummer once in a while, I am really a businessman deep down. I love my job that and have never regretted my decision for it. I hear about people who chose their careers on the basis of success are the ones that regret their lives.It is different for me. Even though I chose my job to be successful; wealthy and reputable, I truly love my job and do my best. However, I have stacks of documents to go through, phone calls ringing every ten minutes, reprimands from the boss, and the room without windows can sometimes make me stressful and not efficient in work. During those times I grab my drum sticks bag from the third drawer of my desk, and walk out of my office, to head for the studio to swing my stresses away on the drum.

Free Essays on Claiming An Education

In Adrienne Rich’s commencement speech, â€Å"Claiming an Education†, Rich expresses her opinion on women’s education and how it should be. Throughout history, women have had little chance to even get a higher education. While this has changed, what is taught has not. In today’s society, it is necessary to change things that were previously unheard of. What is taught today is taught from a man’s point of view. Not just man in general however. Women and minorities are, for the most part, excluded from giving their point of view. Women have always been encouraged to stay home, take care of the children, clean the house up etc. Times are now changing and women want to get a real and full education that explores all points of views, not just those of white men. According to Rich, it is men who write the texts we read, the lectures we hear, and the way our studies are divided into the categories that they are in. Women are beginning to want to work outside their homes. Only recently have they discovered that most of what they are taught is from a mans point of view. This point of view explores only a part of our world’s history. Different people have different experiences, and women’s experiences should make up more than half of those experiences. Unfortunately, this is not the case. People of other races have already recognized that their experiences are often not accounted for in studies that are labeled human. This is unfortunate, because their experiences are as important as anyone else’s, and just as interesting. Their ideas of history, relationships, and experiences can be radically different from what is taught by white men. Rich explores this problem only briefly, but nonetheless it is just as important as her main issue. Rich did go on to say that not only education and studies are racist, but also the sciences. It has only been within the past hundred years or so that education has be... Free Essays on Claiming An Education Free Essays on Claiming An Education In Adrienne Rich’s commencement speech, â€Å"Claiming an Education†, Rich expresses her opinion on women’s education and how it should be. Throughout history, women have had little chance to even get a higher education. While this has changed, what is taught has not. In today’s society, it is necessary to change things that were previously unheard of. What is taught today is taught from a man’s point of view. Not just man in general however. Women and minorities are, for the most part, excluded from giving their point of view. Women have always been encouraged to stay home, take care of the children, clean the house up etc. Times are now changing and women want to get a real and full education that explores all points of views, not just those of white men. According to Rich, it is men who write the texts we read, the lectures we hear, and the way our studies are divided into the categories that they are in. Women are beginning to want to work outside their homes. Only recently have they discovered that most of what they are taught is from a mans point of view. This point of view explores only a part of our world’s history. Different people have different experiences, and women’s experiences should make up more than half of those experiences. Unfortunately, this is not the case. People of other races have already recognized that their experiences are often not accounted for in studies that are labeled human. This is unfortunate, because their experiences are as important as anyone else’s, and just as interesting. Their ideas of history, relationships, and experiences can be radically different from what is taught by white men. Rich explores this problem only briefly, but nonetheless it is just as important as her main issue. Rich did go on to say that not only education and studies are racist, but also the sciences. It has only been within the past hundred years or so that education has be...

Eric Schmidt Management Styles and Skills

Eric Schmidt Management Styles and Skills Introduction Eric Schmidt moved from Novell to Google after he was employed by Sergey Brin and Larry Page, the founders of Google. He had also worked as a Novell’s Chief executive officer, where he was in charge of management, technology innovation and implementation of policies. Eric’s aim ate Google is to form a company’s infrastructure which will be used to improve and maintain the effective developments within the company and allowing the product values and standards to stay high.Advertising We will write a custom research paper sample on Eric Schmidt Management Styles and Skills specifically for you for only $16.05 $11/page Learn More In company with the two founders, Eric shares roles for Google’s daily processes. Eric experience at Novell ended a record of 20 years of success as technology specialist, industrialist and developer of enormous technologies and his great achievements and experienced goes together with Googleâ⠂¬â„¢s requirements as an energetic and fast developing search engine with an exclusive corporate culture. Eric Schmidt also worked at Sun Microsystems in a position of corporate executive officer where he showed great skills in managing the innovation of modern technologies. He also worked as a member of research panel at Xerox Palo Alto Research Center (PARC) (Bloomberg, 2012). Eric pursued his undergraduate degree, electrical engineering, at Princeton University and later went to university of California, Berkeley to do his masters and Ph.D. in computer science. He joined the National Academy of Engineering in 2006, after he was acknowledged from his contribution on â€Å"the development of strategies for the world’s most successful Internet search engine company† (Bloomberg, 2012).In 2007, he became Hellman Follow at American Academy of Arts and Sciences and he presently cheers the New America Foundation’s board of directors (Bloomberg, 2012). Management Sty les and Skills Understanding Employees Eric’s achievements in all his former companies and now Google can be mainly contributed by his efforts at energizing software engineers. He is familiarly alert to their weaknesses and strengths, for instance the employees’ mania of being honest and specific. When workers are being ask anything, they are more probably to provide the answer to just that particular question and are so particular about being honest. Anybody who does not understand this conducts can consider that the engineer is hiding some facts or even cheating. Most professionals consider that society stereotypes technologists and engineers possess inappropriate social skills and they are very social within their society (Ahmed, 2011).Advertising Looking for research paper on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More They communicate successfully among other fellows and are put into sever al and separate sub-groups such as UNIX people, Linux Aficionados, and other sub-communities. Engineers often like publicity and they are intensely concerned in contributing to any impact, and creating the universe the better place. This management skill, which Eric employs, offers advantages on the Vision-Direction aspect. It aids Eric create a vision which his fans and partners are more probably to follow and be motivated by. Create Effective and Fair Work-Related Promotions Eric concluded that most engineers have never thought of having bigger positions like being managers or executives. The companies’ common way of promoting employees into managers is considered by engineers as unattractive. Eric proposed an effective system which will be used for promotion of employees and not related to the executive ladder. Eric proposes acknowledgement of employees for their productive work they do to the company and the company should implement some motivating events like stock optio ns grants. Most successful and active employees should be offered some incentives to acknowledge their performances. These strategies would boost their morale and would create them to be more innovative and active. These strategies were implemented by Eric while working at Novell and it showed good results where it boosted the morale of employees and later was seen from the income and performance of the company. Although the management attempts for these cognitions are minimal, it acts as a major incentive booster to the employees who are being acknowledged and improving their confidence and dedication to the company (Ahmed, 2011). Allow Employees to Adjust This leadership style is designed to understand company’s employees. Engineers often prefer to work on complex issues and they are stimulated by the challenge created by inflexible problems. They also work on issues which are important to them. A manager with good understanding of the desires of his employees can convert t he issue into one which the employees or engineers addicted to. The manager requires articulating a demanding and important end product, but count out the particular steps the employees should follow. This permits the employees to understand and internalize the objective using their innovative powers in attaining the leader’s objectives. This management strategy has being greatly used by Eric in all his positions to achieve company’s goals. Currently at Google, Eric has placed the company’s objective as Organizing the worlds information making it universally accessible and useful (Carlson, 2009). Google’s engineer indexing millions of web pages may simply make out using Eric’s praiseworthy objective. As a sensible issue, the aim of creating information generally available is a more consequential objective for the engineer involved in building his spot on the society, instead of an ordinary objective of rising Googles incomes by $400 million dollars . Eric believes this relocation of possession to be very vital to both the company and engineers.Advertising We will write a custom research paper sample on Eric Schmidt Management Styles and Skills specifically for you for only $16.05 $11/page Learn More Let the Employees to Work outside the business Hierarchy The effective approaches to manage the employees are to allow them to work outside the business structure and this management type is mostly used by Eric to manage his engineers. He opposes limitation of employees since it makes them not to research more about the up-to-date technologies which should be innovated to meet the rapid change in the technology setting. The group leaders are answerable to the manager in the ordinary company hierarchy but it is not compulsory for them to spend all their time on the supervisors’ precedence. Through permitting engineers to select their own teams, it satisfies the engineers’ desire to fit in. As the participants joined without being directed by the management, they have a high likelihood of performing to their best. The employees as well have the freedom to work on an issue which interests them the most. Eric has allowed engineers at Google to have the freedom of spending 25% of their time to research for fields they believe interesting (Ahmed, 2011). This allows them to gain innovative spirits, hence providing Google unique competitive benefit over its opponents. Software history changes frequently, where people turn up with excellent brands of software. This effective technique of organizing groups has allowed Google produce creative and inventive results such as iGoogle and Google+. Assess Team’s Outcomes by a Trusted Employee Although the earlier management skills raise the likelihood of team achievement, it is not reliable. Groups of excellent engineers will become unsuccessful if they follow incorrect concept or have ineffective implementation. Analyzing and re viewing the steps frequently permit to identify issues. The problem is the way to communicate these undesirable issues to the team members and the management approach used by Eric is to allow the processes of the teams be evaluated by a person the team choices and respect. Most companies have at least one person who is most referred or generally respected than anybody else and this person has an approach of articulating codes and fine reminiscences. Teams are free to obtain responses or results even though the conclusion goes against them and this method mostly offers advantages in the Pride-Self-respect dimension (Carlson, 2009). Conclusion The above discussion on the management skills and styles used by Eric Schmidt talked about just engineers because they are workers he mostly manages. However, these types of management strategies can also be used in all kinds of employees. Briefly, Eric offers wide range of styles and skills except â€Å"Protection-Security. However, the exclus ion of Protection-Security dimension in his styles of leadership is not a big issue as it can initially appear because this factor has more significance during conflicts or crisis. Vision-Direction is the factor which gains most from leadership skills and styles employed by Eric.Advertising Looking for research paper on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Other elements which also gain from these types of managements are Achievement-Effectiveness, Inclusion-Belongingness and finally Pride-Self respect in that order. Successfully facilitating daring (arranging global information) and important (creating it collectively available) objectives permits the engineers at Google to be motivated and very dedicated. Through applying Eric’s objective and vision, Engineers would enhance their own understanding recognizing a series of inventive results. These expanded targets guarantee the consumers that they will obtain the highest and most applicable search products. Therefore Eric Schmidt, in his position as a person in charge, has expressed the correct conditions allowing his engineers’ achievements and as a result the Googles accomplishments. References Ahmed, M. (2011). Eric Schmidt (Ex CEO and current Chairman – Google) management style and CIO. Web. Bloomberg. (2012). Eric E. Schmidt Ph.D. Web. Carlson, N. (2009). Goo gle CEO Eric Schmidt: We Dont Really Have A Five-Year Plan (CLIP). Web.

Psychology Essay Example | Topics and Well Written Essays - 500 words - 19

Psychology - Essay Example I have a sound educational backing with a minor in Psychology. My educational experiences have taught me the importance of staying organized, studying diligently and meeting deadlines. I have greatly enjoyed learning about the theories and theorists in my Psychology courses and have a great desire to further my studies in this area so I can help other people overcome obstacles in their lives. In addition to my educational experiences, I have work related skills that make me a good candidate for your Mental Health Master’s program. I have worked for the past year as a teacher. I have had the opportunity to work with many types of children. Some are motivated and excited by learning. Others have many problems, both cognitive and emotional. These are the children that I was most concerned with helping. Some days the work was exhausting. Helping these children that had so many problems has taught me to never quit. This attitude of perseverance has served me well in my current teaching position and will serve me well in my studies in your program. Difficult problems often take time and tenacity to overcome. I have learned this by working with these children. Another attribute I have learned as a teacher is how to communicate clearly with the children’s parents. Many of these parents are difficult to deal with because they are frustrated by their child’s academic performance. I have learned that showing empathy for these parents and clearly expressing expectations to them helps them to cope with their child’s behavior in school. I realize that as I enter the field of professional mental health, these types of parents and children may be my clients. As a result of my teaching experience, I have gained a great desire to help these people that struggle to cope with their daily lives. A final attribute I have acquired as a result of work experience is compassion. I have experience working as a

Female Inmates (Corrections) Research Paper Example | Topics and Well Written Essays - 1750 words

Female Inmates (Corrections) - Research Paper Example This statistics are an increase of 10 to 64 female inmates per 100,000 female residents from 1977 to 2004. Even though the female arrest rate in US is less than that of male arrests rate, the growth rate of the female prisoners in US far exceeds that of the male inmates. Since 1985, United States of America has witnessed an average growth of 11.1 %, and this is relatively above the 7.6 % rise in the male inmates’ population. Currently, there are over 200,000 female inmates in the United States; this is a growth of over 800% over the three decades. The male population grew by 416% over the same period of time (CHRLR 14-18). Type of Women in Prison As noted above, the fastest growing segment of the United States prison population comprises of the women. The women held up in the prisons are due to variety of reasons. The offences committed by the females are diverse but a close examination of the women indicate that there are demographic and experiences common among the female offenders. Most of the women inmates are drug addicts who were involved in the drug addiction in order to escape from the life hardships and trauma faced by these women in their past life. The majority of these female inmates were arrested while acting as mules in the drug trade. Half of women in the national and state correction centres attest to have committed the crime they are incarcerated for under the influence of drugs or alcohol. From 1999 to 2008, the arrests of women due to cases rated to drug violation accounted for 19 % increase compared to a mere10 % increase for men. Many women in prison happen to have been involved in domestic violence in th eir lives and a common characteristic is that most of the female inmates are from poor backgrounds. It is worthy to note that nearly half of all women in prison are serving sentences for non violent offence and had been jailed in the past for a non violent offence. Two thirds of the female inmates had two or fewer convictions prior to the one they are serving. This indicates high rates of recidivism among the female inmates. According to Koon (5), the following experiences are common among the female inmates: Most of the female inmates are likely to have had a high school education. It’s also critical to understand that most of the female inmates are single; they have never been married or had a divorce. Most of the female prison inmates were arrested and convicted when they were unemployed. Physical abuse is also a common feature of the women in prisons; the inmates are likely to have experienced domestic violence or sexual abuse in their lives. The trauma could then have le d them to drug and alcohol, which then later led to their offences. As of 2004, the percentage of women in jail due to physical related consequences was 73% compared to 53% of men who had the history of sexual or physical abuse. Historical Treatment of Female Inmates Even though the rate of increase of the female inmates has remained to be higher than that of men, majority of inmates are male. This has led to prison programs being tailored to address the issues related or faced by the male prisoners and tends to overlook those faced by the female inmates. This is despite of various researches that show that female inmates face more stress and hardships in prisons unlike the male counterparts. Emotional stress due to family breakdown from their children often affects female inmates much more compared to the male inmates. The female prisoners have been discriminated and