Human Resources Management 4 Essay Example | Topics and Well Written Essays - 1750 words

Human Resources Management 4 - Essay Example After implementing the policy of casual dress policy, Digital Device started to face few issues. The employee’s behavior became more casual with the clients resulting in complaints to the sales manager. The Casual dress should be allowed but there should also be certain rules and regulations with respect to casual dressing among the employees. The policy should be revised in accordance with the HR manager and list of approved and not approved items. However after implementing the casual dress policy and revising it again after few months might not be acceptable for the employees and they might not agree to the revised list as to which of the type of casual dress to be followed. It is very important to communicate the changes that are to be taken place in the organization to its respective employees. Here the HR department plays a vital role as it is the duty of the HR to communicate the revised policy to the employees. The revised policy can be communicated personally to each department by conducting meetings with the respective teams by the HR head. This might have a positive impact on the employees rather than just sending mails and listing the revised policy in the notice board. The policy of losing the job if one found to be guilty of smoking or stealing has been practiced in most of the organizations. The new policy treat cigarettes as an illegal narcotic and aims to adopt a free smoker free workplace. If the policy is mentioned in the contract before joining the organization it can be viewed to be legal and very much ethical. The organizations aim to provide with a healthy working area and also ensuring proper health of the employees. At Health Unlimited each of the employees is required to sign a statement stating that the employee is a non smoker and will not smoke either at work or away from work. It was also stated that if anybody found guilty would be discharged from the job.

Frederick Winslow Taylor Essay Example for Free

Frederick Winslow Taylor Essay Frederick Winslow Taylor (March 20, 1856 – March 21, 1915) was an American mechanical engineer who sought to improve industrial efficiency.[1] He is regarded as the father of scientific management and was one of the first management consultants.[2] Taylor was one of the intellectual leaders of the Efficiency Movement and his ideas, broadly conceived, were highly influential in the Progressive Era. or passed the Harvard entrance examinations with honors. However, due allegedly to rapidly deteriorating eyesight, Taylor chose quite a different path. Instead of attending Harvard, Taylor became an apprentice patternmaker and machinist, gaining shop-floor experience at Enterprise Hydraulic Works in Philadelphia (a pump-manufacturing company whose proprietors were friends of the Taylor family). He left his apprenticeship for six months and represented a group of New England machine-tool manufacturers at Philadelphias centennial exposition. Taylor finished his four-year apprenticeship and in 1878 became a machine-shop laborer at Midvale Steel Works. At Midvale, he was quickly promoted to time clerk, journeyman machinist, gang boss over the lathe hands, machine shop foreman, research director, and finally chief engineer of the works (while maintaining his position as machine shop foreman). Taylors fast promotions probably reflected not only his talent but also his familys relationship with Edward Clark, part owner of Midvale Steel. (Edward Clarks son Clarence Clark, who was also a manager at Midvale Steel, married Taylors sister.) Early on at Midvale, working as a laborer and machinist, Taylor recognized that workmen were not working their machines, or themselves, nearly as hard as they could (which at the time was called soldiering) and that this resulted in high labor costs for the company. When he became a foreman he expected more output from the workmen and in order to determine how much work should properly be expec ted he began to study and analyze the productivity of both the men and the machines (although the word productivity was not used at the time, and the applied science of productivity had not yet been developed). His focus on the human component of production eventually became Scientific Management, while the focus on the machine component led to his famous metal-cutting and materials innovations. While Taylor worked at Midvale, he and Clarence Clark won the first tennis doubles tournament in the 1881 US National Championships, the precursor of the US Open.[1] Taylor became a student of Stevens Institute of Technology, studying via correspondence[5] and obtaining a degree in mechanical engineering in 1883. On May 3, 1884, he married Louise M. Spooner of Philadelphia. From 1890 until 1893 Taylor worked as a general manager and a consulting engineer to management for the Manufacturing Investment Company of Philadelphia, a company that operated large paper mills in Maine and Wisconsin. He spent time as a plant manager in Maine. In 1893, Taylor opened an independent consulting practice in Philadelphia. His business card read Consulting Engineer Systematizing Shop Management and Manufacturing Costs a Specialty. Through these consulting experiences, Taylor perfected his management system. In 1898 he joined Bethlehem Steel in order to solve an expensive machine-shop capacity problem. As a result, he and Maunsel White, with a team of assistants, developed high speed steel, paving the way for greatly increased mass production. Taylor was forced to leave Bethlehem Steel in 1901 after discord with other managers. After leaving Bethlehem Steel, Taylor focused the rest of his career on publicly promoting his management and machining methods through lecturing, writing, and consulting. In 1910, owing to the Eastern Rate Case, Frederick Winslow Taylor and his Scientific Management methodologies become famous worldwide. In 1911, Taylor introduced his The Principles of Scientific Management paper to the American mechanical engineering society, eight years after his Shop Management paper. On October 19, 1906, Taylor was awarded an honorary degree of Doctor of Science by the University of Pennsylvania.[6] Taylor eventually became a professor at the Tuck School of Business at Dartmouth College.[7] In early spring of 1915 Taylor caught pneumonia and died, one day after his fifty-ninth birthday, on March 21, 1915. He was buried in West Laurel Hill Cemetery, in Bala Cynwyd, Pennsylvania. Work Taylor was a mechanical engineer who sought to improve industrial efficiency. Taylor is regarded as the father of scientific management, and was one of the first management consultants and director of a famous firm. In Peter Druckers description, Frederick W. Taylor was the first man in recorded history who deemed work deserving of systematic observation and study. On Taylors scientific management rests, above all, the tremendous surge of affluence in the last seventy-five years which has lifted the working masses in the developed countries well above any level recorded before, even for the well-to-do. Taylor, though the Isaac Newton (or perhaps the Archimedes) of the science of work, laid only first foundations, however. Not much has been added to them since – even though he has been dead all of sixty years.[8] Taylors scientific management consisted of four principles: 1.Replace rule-of-thumb work methods with methods based on a scientific study of the tasks. 2.Scientifically select, train, and develop each employee rather than passively leaving them to train themselves. 3.Provide Detailed instruction and supervision of each worker in the performance of that workers discrete task (Montgomery 1997: 250). 4.Divide work nearly equally between managers and workers, so that the managers apply scientific management principles to planning the work and the workers actually perform the tasks. Future US Supreme Court justice Louis Brandeis coined the term scientific management in the course of his argument for the Eastern Rate Case before the Interstate Commerce Commission in 1910. Brandeis argued that railroads, when governed according to Taylors principles, did not need to raise rates to increase wages. Taylor used Brandeiss term in the title of his monograph The Principles of Scientific Management, published in 1911. The Eastern Rate Case propelled Taylors ideas to the forefront of the management agenda. Taylor wrote to Brandeis I have rarely seen a new movement started with such great momentum as you have given this one. Taylors approach is also often referred to as Taylors Principles, or, frequently disparagingly, as Taylorism. Managers and workers Taylor had very precise ideas about how to introduce his system: It is only through enforced standardization of methods, enforced adoption of the best implements and working conditions, and enforced cooperation that this faster work can be assured. And the duty of enforcing the adoption of standards and enforcing this cooperation rests with management alone.[9] Workers were supposed to be incapable of understanding what they were doing. According to Taylor this was true even for rather simple tasks. I can say, without the slightest hesitation, Taylor told a congressional committee, that the science of handling pig-iron is so great that the man who is physically able to handle pig-iron and is sufficiently phlegmatic and stupid to choose this for his occupation is rarely able to comprehend the science of handling pig-iron.[10] Taylor believed in transferring control from workers to management. He set out to increase the distinction between mental (planning work) and manual labor (executing work). Detailed plans specifying the job, and how it was to be done, were to be formulated by management and communicated to the workers.[11] The introduction of his system was often resented by workers and provoked numerous strikes. The strike at Watertown Arsenal led to the congressional investigation in 1912. Taylor believed the laborer was worthy of his hire, and pay was linked to productivity. His workers were able to earn substantially more than those under conventional management,[12] and this earned him enemies among the owners of factories where scientific management was not in use. Propaganda techniques Taylor promised to reconcile labor and capital. With the triumph of scientific management, unions would have nothing left to do, and they would have been cleansed of their most evil feature: the restriction of output. To underscore this idea, Taylor fashioned the myth that there has never been a strike of men working under scientific management, trying to give it credibility by constant repetition. In similar fashion he incessantly linked his proposals to shorter hours of work, without bothering to produce evidence of Taylorized firms that reduced working hours, and he revised his famous tale of Schmidt carrying pig iron at Bethlehem Steel at least three times, obscuring some aspects of his study and stressing others, so that each successive version made Schmidts exertions more impressive, more voluntary and more rewarding to him than the last. Unlike [Harrington] Emerson, Taylor was not a charlatan, but his ideological message required the suppression of all evidence of workers dissent, of coercion, or of any human motives or asp irations other than those his vision of progress could encompass.[13] Management theory Taylor thought that by analyzing work, the One Best Way to do it would be found. He is most remembered for developing the stopwatch time study, which combined with Frank Gilbreths motion study methods later becomes the field of time and motion study. He would break a job into its component parts and measure each to the hundredth of a minute. One of his most famous studies involved shovels. He noticed that workers used the same shovel for all materials. He determined that the most effective load was 21 ½ lb, and found or designed shovels that for each material would scoop up that amount. He was generally unsuccessful in getting his concepts applied and was dismissed from Bethlehem Steel. Nevertheless, Taylor was able to convince workers who used shovels and whose compensation was tied to how much they produced to adopt his advice about the optimum way to shovel by breaking the movements down into their component elements and recommending better ways to perform these movements. It was largely through the efforts of his disciples (most notably H.L. Gantt) that industry came to implement his ideas. Moreover, the book he wrote after parting company with Bethlehem Steel, Shop Management, sold well. Relations with ASME Taylors own written works were designed for presentation to the American Society of Mechanical Engineers (ASME). These include Notes on Belting (1894), A Piece-Rate System (1895), Shop Management (1903), Art of Cutting Metals (1906), and The Principles of Scientific Management (1911). Taylor was president of the ASME from 1906 to 1907. While president, he tried to implement his system into the management of the ASME but was met with much resistance. He was only able to reorganize the publications department and then only partially. He also forced out the ASMEs long-time secretary, Morris L. Cooke, and replaced him with Calvin W. Rice. His tenure as president was trouble-ridden and marked the beginning of a period of internal dissension within the ASME during the Progressive Age.[14] In 1911, Taylor collected a number of his articles into a book-length manuscript which he submitted to the ASME for publication. The ASME formed an ad hoc committee to review the text. The committee included Taylor allies such as James Mapes Dodge and Henry R. Towne. The committee delegated the report to the editor of the American Machinist, Leon P. Alford. Alford was a critic of the Taylor system and the report was negative. The committee modified the report slightly, but accepted Alfords recommendation not to publish Taylors book. Taylor angrily withdrew the book and published Principles without ASME approval.[15] Taylor published the trade book himself in 1912. Patents Taylor authored 42 patents.[16] Taylors influence United States One of Carl G. Barths speed-and-feed slide rules. A Gantt chart. †¢Carl G. Barth helped Taylor to develop speed-and-feed-calculating slide rules to a previously unknown level of usefulness. Similar aids are still used in machine shops today. Barth became an early consultant on scientific management and later taught at Harvard. †¢H. L. Gantt developed the Gantt chart, a visual aid for scheduling tasks and displaying the flow of work. †¢Harrington Emerson introduced scientific management to the railroad industry, and proposed the dichotomy of staff versus line employees, with the former advising the latter. †¢Morris Cooke adapted scientific management to educational and municipal organizations. †¢Hugo Mà ¼nsterberg created industrial psychology. †¢Lillian Gilbreth introduced psychology to management studies. †¢Frank Gilbreth (husband of Lillian) discovered scientific management while working in the construction industry, eventually developing motion studies independently of Taylor. These logically complemented Taylors time studies, as time and motion are two sides of the efficiency improvement coin. The two fields eventually became time and motion study. †¢Harvard University, one of the first American universities to offer a graduate degree in business management in 1908, based its first-year curriculum on Taylors scientific management. †¢Harlow S. Person, as dean of Dartmouths Amos Tuck School of Administration and Finance, promoted the teaching of scientific management. †¢James O. McKinsey, professor of accounting at the University of Chicago and founder of the consulting firm bearing his name, advocated budgets as a means of assuring accountability and of measuring performance. France In France, Le Chatelier translated Taylors work and introduced scientific management throughout government owned plants during World War I. This influenced the French theorist Henri Fayol, whose 1916 Administration Industrielle et Gà ©nà ©rale emphasized organizational structure in management. In the classic General and Industrial Management Fayol wrote that Taylors approach differs from the one we have outlined in that he examines the firm from the bottom up. he starts with the most elemental units of activity – the workers actions – then studies the effects of their actions on productivity, devises new methods for making them more efficient, and applies what he learns at lower levels to the hierarchy[17] He suggests that Taylor has staff analysts and advisors working with individuals at lower levels of the organization to identify the ways to improve efficiency. According to Fayol, the approach results in a negation of the principle of unity of command.[18] Fayol criticized Taylors functional management in this way: In Shop Management, Taylor said[19]  « the most marked outward characteristics of functional management lies in the fact that each workman, instead of coming in direct contact with the management at one point only, receives his daily orders and help from eight different bosses these eight were (1) route clerks, (2) instruction card men, (3) cost and time clerks, (4) gang bosses, (5) speed bosses, (6) inspectors, (7) repair bosses, and the (8) shop disciplinarian.  »[19] This, Fayol said, was an unworkable situation, and that Taylor must have somehow reconciled the dichotomy in some way not described in Taylors works. Switzerland In Switzerland, the American Edward Albert Filene established the International Management Institute to spread information about management techniques. USSR In the Soviet Union, Vladimir Lenin was very impressed by Taylorism, which he and Joseph Stalin sought to incorporate into Soviet manufacturing. Taylorism and the mass production methods of Henry Ford thus became highly influential during the early years of the Soviet Union. Nevertheless [] Frederick Taylors methods have never really taken root in the Soviet Union.[20] The voluntaristic approach of the Stakhanovite movement in the 1930s of setting individual records was diametrically opposed to Taylors systematic approach and proved to be counter-productive.[21] The stop-and-go of the production process – workers having nothing to do at the beginning of a month and storming during illegal extra shifts at the end of the month – which prevailed even in the 1980s had nothing to do with the successfully taylorized plant s e.g., of Toyota which are characterized by continuous production processes (heijunka) which are continuously improved (kaizen).[22] The easy availability of replacement labor, which allowed Taylor to choose only first-class men, was an important condition for his systems success.[23] The situation in the Soviet Union was very different. Because work is so unrhythmic, the rational manager will hire more workers than he would need if supplies were even in order to have enough for storming. Because of the continuing labor shortage, managers are happy to pay needed workers more than the norm, either by issuing false job orders, assigning them to higher skill grades than they deserve on merit criteria, giving them loose piece rates, or making what is supposed to be incentive pay, premia for good work, effectively part of the normal wage. As Mary Mc Auley has suggested under these circumstances piece rates are not an incentive wage, but a way of justifying giving workers whatever they should be getting, no matter what their pay is supposed to be according to the official norms.[24] Taylor and his theories are also refe renced (and put to practice) in the 1921 dystopian novel We by Yevgeny Zamyatin. Canada In the early 1920s, the Canadian textile industry was re-organized according to scientific management principles. In 1928, workers at Canada Cotton Ltd. in Hamilton, Ontario went on strike against newly introduced Taylorist work methods. Also, Henry Gantt, who was a close associate of Taylor, re-organized the Canadian Pacific Railway.[25] With the prevalence of US branch plants in Canada and close economic and cultural ties between the two countries, the sharing of business practices, including Taylorism, has been common. Criticism of Taylor Management theorist Henry Mintzberg is highly critical of Taylor’s methods. Mintzberg states that an obsession with efficiency allows measureable benefits to overshadow less quantifiable social benefits completely, and social values get left behind.[26] Harry Bravermans work, Labor and Monopoly Capital: The Degradation of Work in the Twentieth Century, published in 1974 was critical of scientific management. This work pioneered the field of Labor Process Theory. Taylors methods have also been challenged by socialist intellectuals. The argument put forward relates to progressive defanging of workers in the workplace and the subsequent degradation of work as management, powered by capital, uses Taylors methods to render work repeatable, precise yet monotonous and skill-reducing.[27] James W. Rinehart argued that Taylors methods of transferring control over production from workers to management, and the division of labor into simple tasks, intensified the alienation of workers that had begun with the factory system of production around 1870-1890.[28] Tennis accomplishments Taylor was also an accomplished tennis player. Together with Clarence Clark he won the inaugural United States National tennis doubles championship at Newport Casino in 1881 defeating Alexander Van Rensselaer and Arthur Newbold in straight sets.[1]

Essay --

4.0 Market analysis 4.1 Market segmentation and target market selection Our company segment market in demographic features, geographical distribution and behavioural descriptors. By doing so, our company will have a better understanding of our target preference in the industry. This is an important step in order to succeed. First, we segment demographic characteristics in age and income. Our company segments consumers who are teenagers and working adults with middle or high income. This is because teenagers are newly trend people who keep in touch with technology very often. Besides, they are catching up with technology which is in high-tech, innovative and special. Therefore, VeeEye Sdn Bhd will have the opportunity to get into the market. On the other hand, we segment working adults with middle and high income as they have financial ability to purchase our product. Adult workers who are highly educated will get well paid job with middle or high income. Therefore, they are more willing to spend for our product compare to lower income workers as they might not afford to purchase our product. Next, we also segment our consumer in geographical distribution. Geographical area such as Kuala Lumpur and Penang Island in Malaysia will be our target market. This is because both of the states have many industries with big company. Therefore, workers there will be getting higher paid compare to other state worker. With higher salary, they have more ability to purchase our product compare to others. Besides, they will be busy and under stress during their working hours. So, they might travel more frequently during weekend or holiday. Therefore they might need a good camera all the time with them. So, we choose Kuala Lumpur and Penang instea... ...ke us easily approach to our target market’s spending behaviour and lifestyle. We have our own office for sell and repairing service. We believe that to get higher reputation from customers; we got to provide a good quality product which customers willing to pay for it and provide a good service such as customer able get free repairing service within 2 years warranted, give the full information and detail to customers and customers could get some discounts base on their order. In order to attract more customers, we have an idea launch our product on the online purchasing website such as Taobao, eBay, Zalora. Even customers from other country have a chance to make an order, we do delivery to them within the period, if more than that period, and the customer only paid us half prices of their order. This is one type of service provided by our company. Essay -- 4.0 Market analysis 4.1 Market segmentation and target market selection Our company segment market in demographic features, geographical distribution and behavioural descriptors. By doing so, our company will have a better understanding of our target preference in the industry. This is an important step in order to succeed. First, we segment demographic characteristics in age and income. Our company segments consumers who are teenagers and working adults with middle or high income. This is because teenagers are newly trend people who keep in touch with technology very often. Besides, they are catching up with technology which is in high-tech, innovative and special. Therefore, VeeEye Sdn Bhd will have the opportunity to get into the market. On the other hand, we segment working adults with middle and high income as they have financial ability to purchase our product. Adult workers who are highly educated will get well paid job with middle or high income. Therefore, they are more willing to spend for our product compare to lower income workers as they might not afford to purchase our product. Next, we also segment our consumer in geographical distribution. Geographical area such as Kuala Lumpur and Penang Island in Malaysia will be our target market. This is because both of the states have many industries with big company. Therefore, workers there will be getting higher paid compare to other state worker. With higher salary, they have more ability to purchase our product compare to others. Besides, they will be busy and under stress during their working hours. So, they might travel more frequently during weekend or holiday. Therefore they might need a good camera all the time with them. So, we choose Kuala Lumpur and Penang instea... ...ke us easily approach to our target market’s spending behaviour and lifestyle. We have our own office for sell and repairing service. We believe that to get higher reputation from customers; we got to provide a good quality product which customers willing to pay for it and provide a good service such as customer able get free repairing service within 2 years warranted, give the full information and detail to customers and customers could get some discounts base on their order. In order to attract more customers, we have an idea launch our product on the online purchasing website such as Taobao, eBay, Zalora. Even customers from other country have a chance to make an order, we do delivery to them within the period, if more than that period, and the customer only paid us half prices of their order. This is one type of service provided by our company.

From Pilate to Pilate and Song to Song Essay -- essays research papers

Toni Morrison presents various different allusions to the Bible in her novel Song of Solomon. The most apparent examples of this are represented within the parallels between Pontius Pilate and Pilate Dead, along with the thematic plot of love present in the novel and in the biblical book Song of Solomon. Morrison shows a great deal of correlation between the Bible and Song of Solomon. She uses her creativity to present familiar characters in a new and different light. She is able to present the same characteristics in an original story that has a vast amount of biblical similarities in love, strength, and power. There are several circumstances that demonstrate Morrison’s creativity in the parallel aspect of the story. Pilate, for one, is a strong and independent character determined to live the way she sees fit. Fascinating is how Pilate got her name. Macon remembers after their mother dies during child birth, their father must point to a name out of the Bible, but unfortunately, he cannot read. â€Å"How his father, confused and melancholy over his wife’s death in childbirth, had thumbed through the Bible, and since he could not read a word, chose a group of letters that seemed to him strong and handsome; saw in them a large figure that looked like a tree hanging in some princely but protective way over a row of smaller trees† (18). Even more interesting is the description of Pilate cooking when Macon is spying through the window as â€Å"Pilate swayed like a willow over her stirring† (30). This is a representation of what Pilate Dead will be and what the biblical Pilate was; strong like a willow tree. There is clear evidence from scripture that Pilate was a strong man that primarily did what he thought would be best for him. In the book of John, after Jesus is sent to be crucified, â€Å"Pilate wrote a title, and put it on the cross. And the writing was, JESUS OF NAZARETH THE KING OF THE JEWS†¦and it was written in Hebrew, and Greek, and Latin. Then said the chief priests of the Jews to Pilate, Write not, The King of the Jews; but that he said, I am King of the Jews. Pilate answered, What I have written I have written† (Holy Bible, John 19.19-22). This is unmistakably a description of the dominance enveloped in his character. The chief priests of the Jews did not want it written out for all to see that Jesus was considered a king, but Pila... ...ffection for his lover, in the novel they kill or act irrationally, in a conventional sense, for love. In their minds every action is justified by the love that they feel, whether it is for power and wealth, closeness, or maintaining the race. Love is all around them and drives them to be the people that they are. In all cases, including biblical, they cling to the love that inspires even the most absurd of actions and live their lives to fulfill their needs. Works Cited Bryant, Cedric Gael. "Every Goodbye Ain't Gone: The Semiotics of Death, Mourning, and Closural Practice in Toni Morrison's Song of Solomon." MELUS 24.3 (1999): 97+. Buehrer, David. â€Å"American History X, Morrison's Song of Solomon, and the Psychological Intersections of Race, Class, and Place in Contemporary America.† Journal of Evolutionary Psychology 25.1 (2004): 18+. Glickman, Craig. â€Å"Solomon’s Song of Love: Let a Song of Songs Ispire Your Own Romantic Story.† Publishers Weekly 250.47: 60-61. Holy Bible: Authorized King James Version. Michigan: Zondervan, 1994. Life in the Spirit: Study Bible. Donald C. Stamps, gen. ed. Michigan: Zondervan, 2003. Morrison, Toni. Song of Solomon. New York: Vintage, 2004

Marketing and Branding Coco Chanel

1.0 Introduction The survival of firms in the global market is related to their potential to identify brands that can respond to consumers’ needs. In this context, a successful brand is able to secure organisational growth even in periods of strong market turbulences (Doyle, 2009). However, the popularity of a brand in markets worldwide is not guaranteed; for example, it is possible for a brand to face low popularity in a market even if in most markets the response of consumers to the particular brand is impressive (Doyle, 2009). In other words, certain factors such as culture and social ethics can affect the performance of brands in the international market (Davis, 2010). This study focuses on the performance of a well-known brand: Coco Chanel. The specific brand appeared in early 1900s and was initially related to clothing accessories, such as hats (Siddiqui, 2014). Through the years the brand incorporated clothes and jewellery, becoming a symbol of high quality and unique style (Siddiqui, 2 014). The characteristics of the particular brand and its performance, as part of the fashion industry, are analysed below. Emphasis is given to the brand’s environment but also to the strategies through which the brand has secured its market position. It is revealed that the brand’s success resulted from the combination of a series of strategic approaches. The economic and social conditions in markets worldwide during the 20th century had also a key role in the brand’s rapid expansion internationally. Under these terms, the brand has contributed in the increase of attractiveness of the fashion industry and the transformation of luxury products to elements of daily life style. 2.0 Coco Chanel as a brand 2.1 Overview of Coco Chanel In order to identify the performance of the brand as part of the fashion industry it is necessary to refer primarily to the brand’s history, i.e. to the events that have led to the establishment of the brand and the strategies on which the management of the brand has been based through the decades. Coco Chanel is a brand closely related to the life of its creator: Gabrielle Chanel has been the child of a poor family; in her early years Gabrielle had to face the death of her mother, an event that led Gabrielle to work as ‘a singer in a cabaret in Paris’ (Siddiqui, 2014). There, Gabrielle, having become known with the name Coco, met her first husband who assisted her in opening in 1909 ‘a shop that specialised in hats’ (Siddiqui, 2014). In a few years, after the end of the World War 1, Coco Channel entered the fashion industry by developing clothes of high quality. These clothes were characterised by simple lines and persistence in colour: black and whi te were extensively used creating a unique identity for the particular brand (Siddiqui, 2014). Through the years, the brand was expanded incorporated jewellery and perfumes, such as the Chanel No5, the brand’s most successful product ever (Siddiqui, 2014). The success of the brand has been related to the ability of Coco Channel to pay attention to the needs of people and to understand the changes in social and cultural trends, as developed globally (Graj, 2013). In any case, the brand has been characterised by its strong dependency on the personal views and beliefs of Coco Chanel, a fact which is made clear through the brand’s logo: the initials of Coco Chanel have been combined for creating a logo that gives the sense of a signature of its creator (Figure 1, Appendices). 2.2 Key competitors of Coco Chanel As already noted, Coco Chanel is one of the most powerful competitors in the global fashion industry. The brand is part of the luxury fashion sector, a sector which is characterized by the dominance of 10 brands. Different views have been developed in regard to the position of these brands in the relevant hierarchy. In the table included in Figure 2 (Appendices) two of these views are presented: the first view refers to 12 dominant brands of the specific sector while the second view focuses on 10 of these brands as the most powerful ones. Particular emphasis should be made to the following fact: the first list, the one included 12 brands refers only to the luxury clothing sector while the second list presents the top 10 fashion brands worldwide. From this view, the brand under examination would be considered as more relevant to the first list. However, the second list is important for understanding the competitive environment in the fashion industry in general. In addition, the two l ists reveal an important fact: Chanel has managed to secure an important position not only as a fashion brand but also as a luxury clothing brand, being categorized at the fourth and the fifth position accordingly (Figure 2, Appendices). The lists presented in Figure 2 also reveal the significant power of certain brands that are included in both lists: brands such as Louis Vuitton, Prada, Dior and Gucci seem to be the most critical competitors for Coco Chanel since they have managed to be popular both as fashion brands and as luxury clothing brands (Figure 2, Appendices). According to a report published by the Luxury Institute Chanel is one of the top luxury brands worldwide. In fact, in the survey developed by the above Institute most participants seemed to prefer Chanel; in the particular survey Louis Vuitton ranked second while Prada ranked third (Carr, 2012). 2.3 Brand performance2.3.1 Applied marketing mix (4p’s)The performance of the brand in its industry could be made clear after reviewing the key elements of the marketing strategy employed for the promotion of the particular brand. In practice, emphasis is given to four of these elements, which as also known as 4Ps (Burrow, 2008). The particular elements constitute a quite known framework, the marketing mix (Burrow, 2008). The 4Ps included in the marketing mix refer to specific aspects of a marketing strategy. At the first level, reference is made to Product. The term Product, as part of the marketing mix, reflects not only an object, as a materialised element, but also the various characteristics of the object/ product, such as ‘value, packaging methods and materials and brand name’ (Lamb and McDaniel, 2011: 47). Place is the second element of marketing mix; the specific term denotes the geographical area in which the product is available or in which the product i s planned to entry (Lamb and McDaniel, 2011). The term Place also reflects the means used by a firm for distributing its products internationally or locally (Fifield, 2008). The success of a product in a particular market is depended on the Promotion strategy used, i.e. on the means and the approaches employed for making the target consumers aware of the specific product (Satit et al., 2012). Finally, the Price of a product has to be decided taking into consideration various factors, such as the GDP in the target market, the market’s demographic characteristics/ average income and the status of the local economy (Lee, Cheng and Chen, 2008). If the marketing mix used in regard to a product is not appropriately planned, then target consumers would not be expected to buy the product. The relationship between the marketing mix and the consumer preferences is presented in Figure 3 (Appendices). On the other hand, marketing mix should be structured in such way so that it can respon d to actual consumer needs, as these needs are reflected in the 4Cs framework; the relationship between the two frameworks is presented in Figure 4 (Appendices). The issues highlighted above should be used when describing the marketing mix of Coco Channel. At the first level, in terms of its Product, the particular brand is characterised by exceptional quality (Ma, 2014). In fact, quality involves in all aspects of the brand’s product, meaning not only the materials of the products but also the materials used in the products’ packaging (Ma, 2014). For example, in the case of Chanel No.5 the uniqueness of the product was secured by employing an innovative name and by using a unique synthesis of aromas (Sicard, 2013). Also, the specific brand is related to a country well known for the quality of its cosmetics and clothing: France (Ma, 2014). The potentials of the brand to be expanded worldwide have been limited because of the following need: many of the brand’s products had to be supported by appropriate customer services schemes. Therefore, the selling points of the brand’s products are selected on the basis whether they can have a direct and close reference to France, as the source of these products (Ma, 2014). In regard to its Promotion strategy the specific brand can be characterised as unique: common marketing options are combined with less popular marketing approaches for attracting the consumers’ interest. For example, in its initial phase the marketing of Chanel No.5 has been based mostly on ‘word of mouth marketing’ (Sicard, 2013: 159). In addition, the advertisements related to the specific brand are likely to be included in media and press that are quite popular in the fashion industry, as for example ‘Elite and Vogue’ (Ma, 2014: 48). However, the high quality of the brand’s product has been secured by adopting high Prices, an approach which is considered as expected by which has set limits to the increase of the brand’s popularity (Ma, 2014). 2.3.2 Segmentation, targeting and positioning (STP) For ensuring the effectiveness of a marketing strategy used for promoting a brand marketers need to develop three, key, activities: segmentation, targeting and positioning (STP). As part of marketing, Segmentation reflects the effort of marketers to divide a market into parts/ segments; each of these segments would refer to consumers with common characteristics, such as age, marital status and so on (Cant et al., 2009). By segmenting a market marketers are able to develop marketing strategies that would be welcomed by the target consumers (Cant et al., 2009). However, in order to respond to the expectations of marketers, segmentation needs to be following by targeting. In the context of marketing the term targeting is used for showing the identification of the market segments that will be addressed by a marketing strategy (Boone and Kurtz, 2013). For example, the decision to address only teenagers among the people living in the target market is an example of targeting. As for positio ning, the specific term is used for showing the effort of marketers ‘to place a product in the mind of consumers’ (Boone and Kurtz, 2013: 98). Different approaches are likely to be used by marketers to achieve positioning, as this activity can secure consumer loyalty (Boone and Kurtz, 2013). In the case of Chanel, STP could be achieved by using various approaches. For example, in regard to the particular brand market segmentation could be based on the views of consumers in regard to luxury products. This means that global market would be divided into parts based on the expected perceptions of consumers on luxury products; the evaluation of these perceptions could be based on luxury value as of its various dimensions (Figure 5, Appendices). The market segmentation for Coco Chanel could be also based, alternatively, on the frequency of use of luxury products (Ciornea, Pop and Bacila, 2012, Figure 6, Appendices). Targeting and positioning for the particular brand could be developed using similar criteria. More specifically, in regard to targeting the marketers of Coco Chanel should take into consideration the following fact: due to the high prices of its products the particular brand could not target all social groups, as could be developed using targeting. For example, tee nagers would not be an appropriate target group for the brand’s products. As of positioning also there are certain issues that should be addressed: so far the brand has become synonym of quality; also, since its appearance in the market the brand has been among the top brands in its industry. Therefore, the best approach for positioning this brand would emphasise on ‘product’s class and on price/ quality’ (Boone and Kurtz, 2013: 298). 2.3.3 Brand illustration When referring to brand illustration reference is made to the graphical elements used for presenting the brand to the public. For example, intensive colours could be used in a brand’s logo for attracting the attention of consumers (Shimp and Andrews, 2013). In addition, symbols that denote a particular characteristic of a brand could be employed for making the brand more attractive to the public (Kumar, 2009). In order for a brand’s illustration to be successful it should not follow common patterns, especially those related to the industry involved (Kumar, 2009). In any case, the logo of the brand has not necessarily to reflect the role of the brand in the industry but it needs to offer a view on the brand’s culture, as this culture would show to the public the values and ethics on which the creation of the brand has been based. The logo of Coco Channel is based entirely on the name of its creator. The design and the elements of the specific logo aim to show the close relationship between the brand and its creator’s values; simplicity is also another issue highlighted through the logo of the above brand (Figure 1, Appendices). From this point of view, it could be supported that the brand illustration used in the case of Coco Channel can be characterized as quite successful, promoting simplicity and showing the critical role of the brand’s creator in brand’s success. 2.3.4 Detail evaluation, critical perspective – SWOT analysis As with most business strategies the effectiveness of a firm’s branding decisions is usually decided after checking the characteristics of the brand involved; the performance of the brand in its market has also to be taken into consideration for deciding whether a brand has been successful or not (Davis, 2010). In the case of Coco Chanel the SWOT framework could be used for evaluating the brand’s performance. The Strengths of the particular brand are mostly related to its brand name and its relationship to quality (Carr, 2012). In fact, the specific brand has managed to establish a unique culture, a culture based on ‘the spirit of its creator’ (Kapferer, 2008: 252). In the context of this culture, high quality in clothing would be considered not as an exceptional condition but rather as part of daily life (Kapferer, 2008). The high expansion of the brand in the global market, as compared to other luxury brands, is another important strength of the brand (Ca rr, 2012). However, the brand has an important Weakness: the price of its product is quite high, not allowing a high percentage of consumers to buy the brand’s products (Carr, 2012). On the other hand, the particular brand meets all the requirements of a luxury brand (Figure 7, Figure 8, Appendices). This means that the specific brand has important Opportunities for future growth. Still, there is the problem of continuous recession. Economic turbulences in the global market could result to the limitation of profitability of luxury brands, a fact that would be a severe Threat for the particular brand (JWT, 2009). 2.4 Brand value The achievement of profit, at a pre-specified level, is the key target of a brand, at least for brands used in businesses (Larson, 2012). In this context, a business can significantly enhance its value using one or more brands (Larson, 2012). When having to estimate the value of the brand several issues can appear: the exact profit achieved by using a brand cannot be measured since the gain from employing a brand can result either in the short term or the long term. Also, this gain may not be always monetary; the improvement of a firm’s image in the market is an example (Davis, 2010). Therefore, for measuring the value of Coco Chanel, as a brand, a mixed model would be employed: the valuation framework used by ‘BrandFinance, an organisation based in UK’ (Davis, 2010: 44). The particular framework is based on the following method: a firm estimates the level of the sales it should achieve in the future, for securing profit; then ‘a royalty rate is set for achi eving the above target’ (Davis, 2010: 44). This royalty rate can be used for estimating the current value of the brand, which is the actual brand value (Davis, 2010). The measurement of the brand value using the BrandFinance framework is made clear through the diagram in Figure 9 (Appendices). 2.5 Importance of Coco Channel for the industry Since its introduction, the specific brand has achieved the following target: it has made luxury products more attractive to consumers. More specifically, in the 1920s, when the brand first appeared, women had to face the severe consequences of the World War I; widows were increased and the interest for high quality clothing was quite low (Siddiqui, 2014). The appearance in the market of the products of the particular brand, such as the ‘short black dress and the perfume Channel No.5’ (Siddiqui, 2014), introduced a new era for the relationship between consumers and the fashion industry. Since then, fashion products and luxury products have become quite attractive as this fact has been reflected to the radical expansion of luxury brands worldwide (Figure 2, Appendices). In addition, the particular brand managed to cover the gap between fashion and the other industries. Indeed, up to the appearance of the brand’s products in the market the hierarchy of importance as of the industrial activities worldwide had a standard format: manufacturing and transport industries were mostly valued, as of their potential to cover people’s needs (Kapferer, 2008). Since the introduction of the brand’s products in the market the perspectives for growth in regard to fashion and luxury products were made clear. Entrepreneurs worldwide were initiated to invest in the particular sectors, a fact that enhanced competition and kept quality standards high (Kapferer, 2008). 3.0 Conclusion The performance of Coco Chanel as a brand can be characterised as high. In fact, as proved through the analysis made above the particular brand is one of the most powerful in the global fashion industry. The position of the brand in the luxury sector is also significant, an achievement that denotes the brand’s potentials to achieve further growth. The establishment of a unique culture has been proved to be the approach through which the particular brand secured its success. Indeed, the creator of the brand, Coco Chanel, managed to convince the women in her era that style and quality should be parts of their life style. At the same time, through the particular brand the independency of style from complex forms was achieved: instead of emphasising on heavy and multi-coloured clothing Coco Chanel preferred to use simple lines and just two colours: white and black. This approach made the brand Coco Chanel to distinguish in consumers’ minds. A similar approach was followed i n regard to the other products of the brand: simplicity and innovation have been the key elements of the brand’s products up today. In this context, the success of the brand as revealed through the examination of all its aspects could be considered as expected. In the future, further growth could be achieved on the basis that brand’s culture would remain at the centre of the brand’s strategies. 4.0 References Boone, L. and Kurtz, D. (2013) Contemporary Marketing. Belmont: Cengage Learning. Burrow, J. (2008) Marketing. Belmont: Cengage Learning. Cant, M., Strydom, J., Jooste, C. and du Plessis, P. (2009) Marketing Management. Cape Town: Juta and Company Ltd. Carr, T. (2012) Chanel, Zegna top competitors for perceived brand experience: study. Luxury Daily. Available from http://www.luxurydaily.com/chanel-achieves-best-perceived-customer-experience-study/ [Accessed: 20 December 2014]. Chanel (2014) Organisational website. Available from http://www.chanel.com/en_US/ [Accessed: 20 December 2014]. Ciornea, R., Pop, M. and Bacila, M. (2012) Segmenting Luxury Market Based on the Type of the Luxury Consumed. Empirical Study on Young Female Luxury Consumers. International Journal of Economic Practices and Theories. 2 (3). P.143-153. Davis, J. (2010) Competitive Success, How Branding Adds Value. Hoboken: John Wiley & Sons. Doyle, P. (2009) Value-based Marketing: Marketing Strategies for Corporate Growth and Shareholder Value. Hoboken: John Wiley & Sons. Fifield, P. (2008) Marketing Strategy Masterclass. London: Routledge. Graj, S. (2013) Coco Chanel: Personal Branding Legend. Forbes. Available from http://www.forbes.com/sites/simongraj/2013/02/20/coco-chanel-personal-branding-legend/ [Accessed: 20 December 2014]. Hanzaee, K., Teimourpour, B. and Teimoupour, B. (2012) Segmenting Consumers Based on Luxury Value Perceptions. Middle-East Journal of Scientific Research. 12 (11). P.1445-1453. Kapferer, J. (2008) The Luxury Strategy: Break the Rules of Marketing to Build Luxury Brands. London: Kogan Page Publishers. Khan, E. (2014) Fashion Brands of the World – Top 10. Wonderlist. Available from http://www.wonderslist.com/top-10-fashion-brands-of-the-world/ [Accessed: 20 December 2014]. Kumar, A. (2009) Marketing Management. New Delhi: Vikas Publishing House Pvt Ltd. Lamb, C. and McDaniel, C. (2011) Essentials of Marketing. Belmont: Cengage Learning. Larson, C. (2012) Persuasion: Reception and Responsibility. Belmont: Cengage Learning. Lee, Y., Cheng, S. and Chen, C. (2008) Use of the 4Ps Model to Examine Differences between Generic and Brand Marketing Strategies. The Journal of Human Resource and Adult Learning. 4 (2). P.221-244. Listovative (2014) Top 12 Best Luxury Clothing Brands in the World. Listovative. Available from http://listovative.com/top-12-best-luxury-clothing-brands-in-the-world/ [Accessed: 20 December 2014]. Ma, T. (2014) Professional Marketing and Advertising Essays and Assignments. Tony Ma. Pour, B., Nazari, K. and Emami, M. (2013) The effect of marketing mix in attracting customers: Case study of Saderat Bank in Kermanshah Province. African Journal of Business Management. 7 (34). P.3272-3280. Sambamoorthi, N. (2012) Big Data, Data Mining, Predicting Modeling and Visualizations. Available from http://blog.crmportals.com/my-blog/page/24/ [Accessed: 22 December 2014]. Shimp, T. and Andrews, C. (2013) Advertising Promotion and Other Aspects of Integrated Marketing Communications. Belmont: Cengage Learning. Sicard, M. (2013) Luxury, Lies and Marketing: Shattering the Illusions of the Luxury Brand. Basingstoke: Palgrave Macmillan. Siddiqui, H. (2014) What makes the House of Chanel a successful fashion brand. Dawn. Available from http://www.dawn.com/news/1127969 [Accessed: 20 December 2014]. So, S., Lui, E., Yau, V., Kan, R. and Li, T. (2013) Luxury Goods Industry Analysis. Available from http://www.slideshare.net/vy1230/luxury-goods-industry-analysis-2013 [Accessed: 20 December 2014].

Case Study on Finansbank Essays

Case Study on Finansbank Essays Case Study on Finansbank Essay Case Study on Finansbank Essay Finansbank 2006 Case Study â€Å"It gives us great pride that Finansbank, with its unique approach to banking, is recognized by an international bank and as a demonstration of this faith the executive management team of Finansbank is requested to continue in their current positions. Our new partner will further expand the scope of our stakeholders and customers, especially with its strong presence in the Southeastern European region. † – Husnu Ozyegin It gives us great pride that Finansbank, with its unique approach to banking, is recognized by an international bank and as a demonstration of this faith the executive management team of Finansbank is requested to continue in their current positions. Our new partner will further expand the scope of our stakeholders and customers, especially with its strong presence in the Southeastern European region. † – Husnu Ozyegin Executive Summery During almost 19 years of its history Finansbank earned an image of successful and unique bank in Turkey and across its boarders. Founder and owner of the bank Husnu Ozyegin is now faced with the crucial decision that will influence operations of the bank for the years to come. In 2005 he decided to consult with Morgan Stanley to evaluate bank for possible sale. National Bank of Greece (NBG) has the highest of three available offers. Now Ozyegin needs to decided whether he will accept this offer or not, and what impact it will have on all of the stakeholders involved. This is what we will try to investigate in this paper. Fact Sheet Purpose| Amount| FIBAs entire ownership stake in Finansbank|   | $ 2. 74 billion| For 46% of the ordinary shares of the bank| $ 2. 323 billion|   | Groups 100% stake in the founders shares of the bank| $ 451 million|   | Buying back international subsidiaries |   | $ 580 million| Summary of the NBG Offer * Turkish law required NBG to offer all minority shareholders an equivalent price per share ($5. 32/share) for their common share in a tender offer. * Branding remains the same, and the international operations will rebrand * Ozyegin would have to agree to a non-compete clause of three years starting from the date of the closing. Ozyegin is asked to stay on as Chairman for at least two years and is given a right to appoint at least two others to the ten-person board, after deal is completed. Valuation of the FInansbank and its international subsidiaries Deutsche Bank Group, NBG, YF Securities and others, results are below: Agency| Estimated Value| Deutsche Bank Group| $ 5. 467 billion| NBG | $ 5. 937 billion| YF Securities | $ 5. 702 billion| Figure 2. Valuation Results Figure 2. Valuation Results The Problem The problem that Ozyegin is facing now is to decide what the future of the bank should be. Why there is a need to sell the bank at all? Whether accepting the NGB offer is a good option? What will be impact on the stakeholders involved? Analysis In order to decide on the future of the company, this is a good point to analyze first the past experience of the bank, to look what drives its growth and success. Below are factors that helped to survive financial crisis in Turkey and to expand client database, without cutting any single job. Success factors * Cooperation of founders of the Finansbank, Ozyegin and Aras, was one of the thing that made it possible to implement all the innovative strategies that Finansbank had. Bank was primarily focused on the financial sector, it was like â€Å"banker’s bank† * It has innovative management style, focused on teams cooperation * Bank also invested heavily in the professional and personal development of its employees. So what had made Ozyegin decide to value the business and consider selling it to the foreign investor? Reasons to sell * Finansbank will benefit econo mically by diversification of risk capital after becoming a part of well diversified international financial system * It will give Finansbank opportunity to share experience and best practices with the other financial institution. It will give both banks opportunity to combine their major strengths in different financial products. * New players on the market, meaning more and more Turkish banks are acquired by international financial institutions Valuation Analyzing valuations done for this deal we can point out few things. First of all it seems to be crucial to analyze how NBG, potential buyer, valuated Finasbank. * Method used for valuation was based on approach to discount future profits from cash flows available. And based on the capital adequacy ratio it is in the range of 10% of cash. Projections for the cash flows were done in USD and were divided into three parts: * First 5 years estimates were derived from an income/cost analysis and capital investment levels * Next 20 year s were based on the assumption that the Turkish market is pursuing a path of gradual maturity and its features are converging with those of developed market * Afterwards it was assumed that constant growth rate will be dominant Valuation done by the NBG seems to be reasonable and price offered is also a good one, assuming only the information available in the specific case. So what about international subsidiaries? From the point about Turkish market future development expectations, and also taking into consideration the fact that NBG wanted to expand its business in the Turkey market, it is not surprising that NBG wanted to sell international subsidiaries back. And from the Ozyegin point of view, price offered was good deal, and it was not confusing with other issues of the agreement. And it gives him opportunity to continue developing of the company in the new markets. Corporate Governance Last point in the analysis should be evaluating structural consequences of the deal. Here we can once again point out the trust of NBG in the local management. The trust we see in the offer to Ozyegin and Aras to stay in the company and to continue being a big part of the running the business. But it is not only top management that is effective by the deal; we need not forget minority shareholders. And there are two options for them after deal is closed: * First scenario is that NBG is successful in obtaining majority of the share, either from buying additional 4. 01% of shares, or from purchasing reaming stake of Ozyegin 9. 68%. In this case nothing would really change for them much. They would still have to go to the court in case they want to object decisions made by NBG. * Second scenario is more favorable for them. In case NBG fails to obtain controlling stake of shares, minority shareholders can have more influence on the company. They can make decisions in case they are able to unite. Recommendation After all said above it is logical to recommend to Ozyegin to accept the offer. IN the fast changing environment, it is crucial to be able to adjust. And the opportunity that is offered by NBG seems to be beneficial for all related stakeholders.

A sense of finality in the Requiem Essay Example

A sense of finality in the Requiem Essay Example A sense of finality in the Requiem Paper A sense of finality in the Requiem Paper The word Requiem, meaning a mass for the repose of the souls of the dead, has very formal and funereal connotations. This title immediately gives the passage a sombre atmosphere, and an air of finality as death is the end of Willys life and the play. Willys presence is still the predominating force behind the passage even though he is dead, echoing the title Requiem. The passage is a requiem in two different ways. Charley, Biff and Linda praise the physical and practical side of Willys character whereas Happy mourns his determination to fulfil his dream. The passage begins with a very emotionless and practical sentence by Charley, when he says Its getting dark, Linda. The darkness also gives the play a sense of finality, as the play is about to conclude night is about to fall. The black of the dark is symbolic of Willys tragedy. Happy appears to be angry with his father for having committed suicide, saying There was no necessity for it, the over complication of using the word necessity in this sentence shows Happys insecurity within himself that he has failed his father. Happy later goes on to say that even if Biff will not, he will continue to fight for his fathers dream. He says, Im gonna win it for him. Happys urge to fulfil his fathers dream is probably linked to his guilt of having let him down; Happys pledge gives the play a cyclical feeling rather than an air of finality. At the beginning of the Requiem Linda struggles to show emotion for her husbands death, although she would like to. Forgive me, dear. I cant cry, she says to Willys grave. It is as though she is still trapped in Willys dream and is looking for some kind of release. This is emphasised when she says I made the last payment on the house today. Today dear. The repetition of today stresses the irony in this sentence, and her longing for release. Shortly after this statement she finally begins to cry as A sob rises in her throat and she finally begins to cry as A sob rises in her throat and she immediately feels a sense of release, saying Were free. Miller makes it deliberately ambiguous about whether it is Linda who is free from Willy or whether the freedom actually refers to Willy and Linda being free from the payments on their house. This sense of release and the words were free repeated at the very end of the play are a final conclusion to the tragedy, and give the passage a sense of finality. Happy is excluded from the conclusion to emphasise the fact that he is adopting his fathers dream and continuing the tragic cycle. There is therefore no sense of finality for Happy and this is juxtaposed with the closure of Willy and Linda, emphasising the difference between their freedom and Happys confinement.

Top Tips for Doing College Homework

Top Tips for Doing College Homework In contrast to the academic requirements of high school, college courses present a much heavier, more consistent workload. And with everything else that college students have to manage jobs, personal life, relationships, physical health, cocurricular obligations it can sometimes seem like getting your homework done is an impossible feat. At the same time, however,  not  getting your work done is a recipe for disaster. So, what tips and tricks can you use to get your homework done in college? Tips for Successfully Doing College Homework Use these tips to create a process that works for you and your personal study style. Use a Time Management System Put all major assignments and their due dates in your time management system.  A key part of staying on top of your homework is knowing whats coming; no one, after all, wants to realize on Tuesday that they have a major midterm on Thursday. To avoid surprising yourself, make sure all of your major homework assignments and their due dates are documented in your calendar. That way, you wont inadvertently sabotage your own success simply because youve mismanaged your time. Schedule Homework Time Schedule times to do homework each week, and keep those appointments.  Without designated time for addressing your  to-dos, youre more likely to cram at the last minute, which adds to your anxiety levels. By putting homework on your calendar, youll have the time allocated in your already-too-busy schedule, youll reduce your stress by knowing when, exactly, your homework will be done, and youll be better able to enjoy whatever else you have planned since youll know your homework is already taken care of. Sneak in Your Homework Use small increments of time whenever possible.  You know that 20-minute bus ride you have to and from campus every day? Well, thats 40 minutes a day, 5 days a week which means that if you did some reading during the ride, youd get more than 3 hours of homework done during your commute. Those little increments can add up: 30 minutes between classes here, 10 minutes waiting for a friend there. Be smart about sneaking in small bits of homework so that you can conquer the bigger assignments piece by piece. You Cant Always Get It All Done Understand that you cant always get all your homework done.  One of the biggest skills to learn in college is how to gauge what you  cant  get done. Because sometimes, there really is only so many hours in a day, and the basic laws of physics mean you cant accomplish everything on your to-do list. If you just cant get all your homework done, make some smart decisions about how to choose what to do and what to leave behind. Are you doing great in one of your classes, and skipping the reading one week shouldnt hurt too much? Are you failing another and definitely need to focus your efforts there? Hit the Reset Button Dont get caught up in the get-caught-up trap.  If you fall behind on your homework, its easy to think and hope that youll be able to catch up. So youll set a plan to catch up, but the more you try to catch up, the more you fall behind. If youre falling behind on your reading and are feeling overwhelmed, give yourself permission to start anew. Figure out what you need to get done for your next assignment or class, and get it done. Its easier to cover the material you missed when youre studying for an exam in the future than it is to fall further and further behind right now. Use Your Resources Use class and other resources to help make doing your homework more productive and efficient.  You might, for example, think that you dont need to go to class because the professor only covers whats already been addressed in the reading. Not true. You should always go to class for a variety of reasons and doing so can make your homework load lighter. Youll better understand the material, be better able to absorb the work you do out of class, be better prepared for upcoming exams (thereby saving you studying time and improving your academic performance), and overall just have a better mastery of the material. Additionally, use your professors office hours or time in an academic support center to reinforce what youve learned through your homework assignments. Doing homework shouldnt just be a to-do item on your list; it should be an essential part of your college academic experience.

FINANCIAL INFORMATION COURSEWORK ASSIGNMENT Example | Topics and Well Written Essays - 1250 words

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E-Business Essay Example | Topics and Well Written Essays - 2750 words

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Public Finance(please pick a topic) Essay Example | Topics and Well Written Essays - 500 words

Public Finance(please pick a topic) - Essay Example High government levels manage broad tax bases preeminently. In case the subnational governments become essential suppliers of goods and services, higher level jurisdictions are supposed to share a given amount of their incomes with these subnational governments. This enables bridging the gap between incomes and spending organized locally (Wildasin, 123). When budgets are supposed to be balanced, various constraints might result in subnational spending. According to Wildasin (125), the first constraint is the capacity of income rising of these subnational governments becomes limited. The second limitation is the occurrence of horizontal and vertical income sharing. Tax effectiveness grounds determine the optimal size of these subnational governments. The conformations of subnational incomes play a vital role in determining autonomy level over the expenditure management that the subnational governments enjoy. For example, mobilization of the local revenue is enhanced when essential tax bases are controlled by the subnational governments. This enables these governments to take legitimacy over using these resources and managing them to their needs and preferences (Wildasin, 126). Subnational governments are expected to reduce their spending management autonomy when there is reliance on revenue sharing, used in financing subnational spending that can be vertical or horizontal. In addition, fiscal decentralization may be more than delegation (Wildasin, 128). Additionally, subnational governments turn out to be spending agents of higher government levels that have inadequate decision making autonomy over the ways public funds are used up. The advantage of distribution in expenditure management is increased accountability and transparency in service delivery. This is by bringing the spending done by the public sector nearer the taxpayers. Wildasin (130) states that policy making autonomy over shared incomes enables

Enterprise network architectures constraints Essay

Enterprise network architectures constraints - Essay Example The effective use, utilization, and reliance on enterprise network solutions do not require extra manual labor (Calcraft & Adams, 2007). That is been the case leaders in different organizations prefer using enterprise network solutions in order to save on costs and increased expenses incurred in hiring employees to solve such problems. Enterprise network solutions are considered being an important tool of modeling and reshaping business processes (Gammon, 2010). It is the understanding of organizational leaders that enterprise network technologies are playing huge roles in modern organizations. Such roles take account of mitigating risks through the implementation of designs, which are suitable to an organization, and improving the general performance of the organization to meet future goal. The most common network architectures take account of Collaboration Architecture, the Data Center and Virtualization Architecture and Borderless Networks Architecture (Wolfrum, & Christopher, 2007). These network architectures have been approved by CICSO, and so they are functional and operational in different organizations. The choice of any architecture largely depends with the leader of the organization and the purpose of using it in the organization. Taking a look at the Borderless Networks Architecture, it is evident that basic idea behind it is to develop networks that are capable to exist without any perceivable borders. Such network significantly helps to solve emerging problem easily and automatically. On the contrary, Data Center and Virtualization Architecture has the goal to augment business value all the way through, system excellence, technology innovation, and solution differentiation (Gammon, 2010). The collaborative architecture on the other hand is based on mixture of diverse technologies used in other architectures (Bergman & Steven, 2009). In that manner,

King Lear and Existentialism Essay Example | Topics and Well Written Essays - 1250 words

King Lear and Existentialism - Essay Example es many aspects such as our birth and our existence in the world, realization of human bondage, and the experience of elementary emotions such as fear, love and hate and the feeling of anguish. Shakespeare’s King Lear deals with the existence in its barest sense and is forced to become accustomed to that existence. Thus in King Lear the tragic story of a king is depicted who totally fails in his judgment. The daughters whom he thought they loved him forsaken him and taken away his kingdom and his power. And the daughter who genuinely loved him and cared him was banished by him. The fool is real sense a wise and sensible character and he knows the absurdity of the universe. He is also aware of the king’s ignorance towards his existence. The fool also knows that there is no concept of justice in the absurd universe. When Lear is appealing God that the cruel disloyal and un-virtuous people may be punished the fool knows that there is no use of this appealing. The king is appealing this in his anxiety. The presence of Edgar and the fool is rather a medium for Lear’s progression. Lear is suffering from complete loneliness and isolation as he is abandoned by love and cosseted from all emotions. As far as existentialism is concerned it can be said that Lear existentialism is different at the beginning and at the end. In the beginning when he is having all the might and authority he gets pleasure from the flattery by the villainous characters and at that time he is proud of his existence. He is the matter of respect for everybody. He is praised by ev erybody. But he is shocked when his pride is shattered by his loyal and faithful daughter Cordelia. Of course Cordelia is honest and trying to bring him out of the illusion. When Lear asks Cordelia how much she loves him and Cordelia in contrast to the flattery done by her elder sisters, she answers, According to my bond; no more nor less.† (Act I, Scene i) This answer is an insult for the supreme monarch of

Enterprise network architectures constraints Essay

Enterprise network architectures constraints - Essay Example The effective use, utilization, and reliance on enterprise network solutions do not require extra manual labor (Calcraft & Adams, 2007). That is been the case leaders in different organizations prefer using enterprise network solutions in order to save on costs and increased expenses incurred in hiring employees to solve such problems. Enterprise network solutions are considered being an important tool of modeling and reshaping business processes (Gammon, 2010). It is the understanding of organizational leaders that enterprise network technologies are playing huge roles in modern organizations. Such roles take account of mitigating risks through the implementation of designs, which are suitable to an organization, and improving the general performance of the organization to meet future goal. The most common network architectures take account of Collaboration Architecture, the Data Center and Virtualization Architecture and Borderless Networks Architecture (Wolfrum, & Christopher, 2007). These network architectures have been approved by CICSO, and so they are functional and operational in different organizations. The choice of any architecture largely depends with the leader of the organization and the purpose of using it in the organization. Taking a look at the Borderless Networks Architecture, it is evident that basic idea behind it is to develop networks that are capable to exist without any perceivable borders. Such network significantly helps to solve emerging problem easily and automatically. On the contrary, Data Center and Virtualization Architecture has the goal to augment business value all the way through, system excellence, technology innovation, and solution differentiation (Gammon, 2010). The collaborative architecture on the other hand is based on mixture of diverse technologies used in other architectures (Bergman & Steven, 2009). In that manner,

Sustainable transportation Essay Example | Topics and Well Written Essays - 1500 words

Sustainable transportation - Essay Example newable resources is secured by using appropriate methods of regeneration, b) even if a specific transportation means is based on nonrenewable resources, it should be checked whether the amount/ volume of non-renewable resources used can be replaced by renewable resources of the same amount/ volume and c) the pollution caused as a result of the use of a particular transport means should not be above the limits set by the authorities (Daly 1996, in Black 36). At this point, a critical issue appears: are there specific facts that can lead to the characterization of a transport system as non-sustainable? The answer is positive. Indeed, as noted in the study of Black a transport system does not meet the requirements of sustainability when it is related to the following problems: a) extremely high atmospheric pollution, b) employment of non-renewable resources above the limit stated by the relevant authorities, c) quite high level of accidents, resulted either to deaths or to injuries, d) the level of the system’s congestion is high (Black 36). According to the above when having to check the sustainability of a transportation system it would be necessary to identify primarily the effects of the specific system on the environment. In USA the needs of transportation sector in petroleum are above the country’s oil production level; in fact the petroleum used in US’ specific sector reaches the ‘147% of US oil production’ (Davis, Diegel and Boundy 2). In addition, the petroleum used in US’ transport sector represents the ‘67% of the country’s overall petroleum use’ (Davis, Diegel and Boundy 2). It should be also noted that the high percentage of petroleum used in US’ transportation sector, about 63% is used by cars and light trucks (Davis, Diegel and Boundy 2). This percentage can be considered as high if taking into consideration the following fact: the energy employed for covering the needs of US’ transportation industry is about the one third

Duckett family Essay Example for Free

Duckett family Essay The current trend of journalism organizations to hire â€Å"screaming journalists† like Nancy Grace and others is a disservice to the Fourth Estate and threatens the very notion of a free press. Grace and others of her ilk are not reporters seeking the news for its value to the general public nor are they attempting to inform. These confrontational entertainers are more interested in high ratings and controversary than in the news. Furthermore, their lack of general human compassion is endangering the entire profession. Never is this more clear than in the case of the family of Melinda Duckett vs. CNN and Nancy Grace. In September, 2006, Melinda Duckett’s two-year-old son was reported missing and Duckett agreed to appeared on Grace’s show in an effort to promote the manhunt for her missing child. Grace was belligerent and in the woman’s face, screaming at her because she would not discuss her whereabouts when the child disappeared and accusing the woman of having something to do with her child’s disappearance. (Smoking Gun, 2006). Duckett’s son has still not been found, but a day after the interview with Grace, the woman shot and killed herself with a shotgun. In the days following Duckett’s death, Grace not only aired the original interview berating the distraught woman, but she went on the nightly news herself, defending her interviewing techniques. â€Å"Former prosecutor turned talk show host Nancy Grace is unapologetic about her aggressive approach to a mother who committed suicide after an interview about the womans missing son,† ABC News reported (â€Å"Nancy Grace says ‘Guilt’). Grace showed no human compassion for the mother in the interview or in the days after her death. Drawing on her history as a criminal prosecutor, Grace attacked in a manner more appropriate for a courtroom than a newsroom. That is not to say that reporters should not ask tough questions, but they should not browbeat an interviewee and speak over them as is reported Grace did. Reporters have a responsibility to seek out the news not make it. In her attacks on Melinda Duckett, Nancy Grace went beyond the level and stepped back into her prosecutorial role, attempting to find the criminal. â€Å"How is that questioning doing anything but making a person in a desperate situation feeling even more desperate? said Hub Brown, a professor at Syracuse Universitys Newhouse School of Communications. â€Å" (ABC News) Grace defended her unrelenting questioning as a serach for truth and said police later agreed with her that Melinda Duckett is a suspect in her son’s disappearance. What police actually said was that in a child disappearance, the parents are always the initial suspect. Almost a year later, Duckett’s son has still not been found. What has happened, however, is that Grace has put all legitimate journalists in danger of having their rights revoked due to her drive for ratings. In November, 2006, the parents of Melinda Duckett filed a lawsuit against Grace, CNN and Duckett’s estranged husband who helped arrange the Grace interview (Smoking Gun). And, in June, 2007, a Florida court ruled that the case had merit and would be tried in federal court because the participants reside in multiple jurisdictions (â€Å"Ruling in†¦Ã¢â‚¬ ). By bringing this kind of unwanted spectacle to the media, Grace is causing a chilling effect that will lead to fewer people wanting to cooperate with the media and could ultimately lead to a restriction in the rights of journalists. Her lack of basic human compassion is more relevant than whether Melinda Duckett killed or abducted her own son. The role of the media is not to determine the truth, but to report that truth after it has been exhibited by others. While some investigative journalists might argue this point, the reality is that even investigative journalists do not draw their own conclusions about the news. They search for facts and report them. Nancy Grace took facts not in evidence and applied them to the Duckett case, making herself judge, jury and prosecutor of Melinda Duckett without giving Duckett the benefit of a defense attorney. Grace, however, insists her line of questioning was reasonable. â€Å"In an exclusive interview with Good Morning America today, Grace said that she takes no responsibility for Ducketts suicide. If anything, I would suggest that guilt made her commit suicide, Grace told ABC News Chris Cuomo. To suggest that a 15 or 20 minute interview can cause someone to commit suicide is focusing on the wrong thing, she said. â€Å" (ABC NEWS) Grace’s attitude in the wake of Duckett’s suicide is another black eye for the face of journalism. Her unapologetic accusations against the dead woman seemed to indicate that she believes her questioning was appropriate even if it did contribute to Duckett’s death. Her claim that â€Å"even the police agree with me† (ABC News), does little to redeem Grace in the eyes of the general public. Instead, she is seen as so concerned about her ratings that she would put them above human safety. That attitude seems to be in evidence on her webpage. Grace actually advertises for crime victims to call her show and become part of the entertainment value of the news (CNN. com) Though she places her calls for tips in the framework of helping crime victims seek justice, her show advocates her â€Å"Cross Exam† and her prosecutorial drive to find the answers to crime. If Ms. Grace believed that rooting out crime was her calling, she should not have left the prosecutors office for the media. Her style of â€Å"journalism† is an insult to those who attempt to keep the Fourth Estate free of bias and predetermined opinions. Instead, based on her experience, Grace makes judgments calls about people’s guilt as she did with Melinda Duckett and â€Å"reports† the news based on her interpretation of events. She had an exclusive interview with the mother of a missing child, a child police still presume to be alive. Instead of carefully crafter questions designed to help authorities and the general public find the missing boy, Grace decided that badgering Melinda Duckett would mean better ratings. For the sake of the industry, one can only hope that the Duckett family attorneys cannot prove that greed and not news was Grace’s motivation. If they prove that she sought ratings over the truth and therefore did contribute to the death of Melinda Duckett, the chilling effect on all media will be extreme. Her unreasonably harsh questioning methods place all media attempts to get to the truth in danger and violates the most basic tenet of the Fourth Estate: to inform. Nancy Grace has no intention to inform the general public of anything the day she interviewed Melinda Duckett except for her own conviction that Duckett was responsible for her son’s disappearance. This kind of action has no role in journalism, but belongs in editorial and opinion pages, not disguised as news. WORKS CITED ABCNews. com. Nancy Grace says ‘Guilt’ Likely Made Mother Commit Suicide† http://abcnews. go. com/GMA/story? id=2448050page=1 , June 24, 2007. Nancy Grace Homepage. http://www. cnn. com/CNN/Programs/nancy. grace/, June 24, 2007. â€Å"Ruling Made in Duckett-Grace Case† http://www. local6. com/news/13533994/detail. html? rss=orlpnpsp=news,, June 24, 2007. The Smoking Gun, â€Å"Nancy Grace Sued for Wrongful Death† http://www. thesmokinggun. com/archive/1121061grace1. html ,, June 24, 2007.

Hrm Contribute To Organization Effectiveness Management Essay

Hrm Contribute To Organization Effectiveness Management Essay Human Resource Management plays an important role in the enhancing the performance of performance of employees in the organization. The efficient HRM policies are being designed in an organization to enhance the performance level to its maximum. Human resource management (HRM) is the process of linking the human resource functions with the strategic objectives of the organization in order to improve performance. We may call in the way that human resource management holds the central live blood role in any organization. Factor that contribute to Organization performance An important aspect of an organizations business focus and direction towards achieving high levels of competency and competitiveness would depend very much upon their human resource management practices to contribute effectively towards profitability, quality, and other goals in line with the mission and vision of the company. Talent Management One of the key for the organization success depends on its managing, attracting and retaining best people. Companies view the ability to manage talent effectively as a strategic priority, and there was a high degree of sophistication about this activity among the companies in our sample. In all companies there are systems in place which identify high potential individuals using clear sets of leadership competencies and validated assessment instruments. These individuals are given a variety of developmental activities, from training, coaching, mentoring, projects, and international assignments, and they are placed on a talent inventory that matches prospective jobs to high potential individuals. Companies have adopted multiple approaches to retain valued talent, including financial incentives, personalized career plans, mentorship programs, and flexible work arrangements, and they place great emphasis on diversity and work life balance in order to compete for the best talent and retai n high potential employees Performance management Performance management, participative goal setting, with both work and development goals, based generally around balanced scorecard initiatives, provide direct link to strategic objectives. Multiple inputs at the appraisal, with most 360approaches now managed on-line are common for at least mid-level managers and above, and with bi-annual formal reviews and constant informal feedback, often on daily basis, to ensure projects/workload is on track and to ensure adequate resources are being given where appropriate. Developmental focus in the appraisal is a given. The developmental and pay reviews are split in all cases, and the line of sight to rewards is clear in most firms through the use of performance/potential matrices. Performance appraisal (PA) is one of the important components in the rational and systemic process of human resource management. The information obtained through performance appraisal provides foundations for recruiting and selecting new hires, training and developm ent of existing staff, and motivating and maintaining a quality work force by adequately and properly rewarding their performance. Without a reliable performance appraisal system, a human resource management system falls apart, resulting in the total waste of the valuable human assets a company has. Knowledge Management Most firms today associate information systems with knowledge management. If a firm has a good system and process for entering and retrieving information electronically, they argue, and then it has a good knowledge management system. Though linked and certainly vital to effective knowledge management, information systems are nothing without appropriate incentive structures, people development programs, personal relationships, and shared vision or goals. Within the HR function, effective knowledge management of practices and systems is key to its value proposition of being able to deliver HR practices and systems that are globally integrated, locally sensitive, and comparatively innovative. Emphasis on attitudes and cultural fit in the selection process While companies have traditionally focused on applicants academic credentials and job-related skills in the selection process, many of the excellent companies within the sample have expanded their definition of â€Å"the right people in the right place† to include cultural fit as a key selection criterion. These companies try to assess applicants personality and values to determine the fit with the corporate culture, based on the assumption that formal qualification is not always an accurate predictor of job performance and those skills are easier to train or change than personality traits, attitudes and values. A comprehensive Human Resource Strategy plays a vital role in the achievement of an organizations overall strategic objectives and visibly illustrates that the human resources function fully understands and supports the direction in which the organization is moving. A comprehensive HR Strategy will also support other specific strategic objectives undertaken by the marketing, financial, operational and technology departments. In essence, an HR strategy should aim to capture the people element of what an organization is hoping to achieve in the medium to long term, ensuring that:- It has the right people in place It has the right mix of skills Employees display the right attitudes and behaviors, and Employees are developed in the right way. If, as is sometimes the case, organization strategies and plans have been developed without any human resource input, the justification for the HR strategy may be more about teasing out the implicit people factors which are inherent in the plans, rather than simply summarizing their explicit people content. An HR strategy will add value to the organization if it: Articulates more clearly some of the common themes which lie behind the achievement of other plans and strategies, which have not been fully identified before; and Identifies fundamental underlying issues which must be addressed by any organization or business if its people are to be motivated, committed and operate effectively. The first of these areas will entail a careful consideration of existing or developing plans and strategies to identify and draw attention to common themes and implications, which have not been made explicit previously. The second area should be about identifying which of these plans and strategies are so fundamental that there must be clear plans to address them before the organization can achieve on any of its goals. These are likely to include: workforce planning issues succession planning workforce skills plans employment equity plans black economic empowerment initiatives motivation and fair treatment issues pay levels designed to recruit, retain and motivate people the co-ordination of approaches to pay and grading across the organization to create alignment and potential unequal pay claims a grading and remuneration system which is seen as fair and giving proper reward for contributions made a consistent performance management framework which is designed to meet the needs of all sectors of the organization including its people career development frameworks which look at development within the organization at equipping employees with employability so that they can cope with increasingly frequent changes in employer and employment patterns Policies and frameworks to ensure that people development issues are addressed systematically: competence frameworks, self-managed learning etc. The HR strategy will need to show that careful planning of the people issues will make it substantially easier for the organization to achieve its wider strategic and operational goals. In addition, the HR strategy can add value is by ensuring that, in all its other plans, the organization takes account of and plans for changes in the wider environment, which are likely to have a major impact on the organization, such as: changes in the overall employment market demographic or remuneration levels cultural changes which will impact on future employment patterns changes in the employee relations climate changes in the legal framework surrounding employment HR and employment practice being developed in other organizations, such as new flexible work practices. Finding the right opportunity to present a case for developing an HR Strategy is critical to ensuring that there will be support for the initiative, and that its initial value will be recognized by the organization. Giving a strong practical slant to the proposed strategy may help gain acceptance for the idea, such as focusing on good management practice. It is also important to build early or quick wins into any new strategy. Other opportunities may present the ideal moment to encourage the development of an HR Strategy:- A major new internal initiative could present the right opportunity to push for an accompanying HR strategy, such as a restructuring exercise, a corporate acquisition, joint venture or merger exercise. A new externally generated initiative could similarly generate the right climate for a new HR strategy e.g. Black economic empowerment initiatives. In some instances, even negative news may provide the right moment, for example, recent industrial action or employee dissatisfaction expressed through a climate survey.