Saturday, November 30, 2019

Organisational Devlopment Levels of Diagnosis free essay sample

It is pointless conducting diagnosis at the individual level, because most issues can be addressed at the organization and group level. Discuss. Within modern business practices continual evolution is essential for long term organisational outcomes. With economic pressures, a growing demand for perceptibly social and environmental responsibility and an increasingly focus towards international and worldwide trade, modern organizations are confronted with an almost constant need for change (Waddell, Cummings and Worley, 2007). Thus it is important for leaders to have a sound understanding of change issues and theories (Waddell, 2002). Organisational development (OD) is described as a systematic application of behavioral science knowledge to the planned development and reinforcement of organizational structures, processes and strategies for improving organisational effectiveness (Waddell et al. , 2007). Diagnosis it an integral part of successful OD implementation and is performed on one or more levels including ‘individual’, ‘group’ and ‘organisational’ diagnosis. Thus for successful long term outcomes it is necessary to investigate the role of diagnosis within successful OD implementation, with a focus on ‘individual’ level diagnosis in contrast to both ‘group’ and ‘organisational’. We will write a custom essay sample on Organisational Devlopment: Levels of Diagnosis or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Diagnosis within organisation development is described as an intervention that develops information about the various subsystems of an organisation as well as the patterns and processes that take part in an organisation (Beckhard, 1969). Similarly, Waddell et al. 2007) depict diagnosis as the process of understanding how the organisation is currently functioning, in order to successfully develop change intervention. Thus within modern firms this process develops insight for both the client and OD coordinator into the functioning and efficiency on individual, group and organisational levels. Aldefer and Brown (1975) suggest that the process of diagnosis also serves to motivate organisational members to engage in change. Nadler (1977) reinforces this, depicting that diagnosis provides employees or members with a direction for change. As such, diagnosis within OD has been described as the ‘key’ in developing successful interventions (Burton Obel, 2004). As well the diagnostic process is referred to as collaborative between OD consultant and client (Stacey, 2007), in which the two parties work together to develop action plans for effective change process. Waddell et al. (2007) reinforces this suggesting that the values and ethics that underlie OD suggest that both change agents and organisational members should be involved in developing and implementing appropriate interventions. Organisations, when viewed as open systems can be diagnosed as three levels, including organisation, group and individual (Waddell et al. , (2007). The highest level is the organisational level and includes the design of the organisations structure, strategy and processes. The next level consists of groups or departments within the organisational structure, including group design and interaction devices. The lowest level of organisational diagnosis is the individual level, including job design and personnel characteristics. Todnem (2005) suggest organisational diagnosis can occur at all three levels or it may be limited to problems that occur at a single level. For example, if there was a problem with output resulting from a single job design there would be only need for individual level diagnosis. Similarly Coghlan (1994) illustrates that the key to effective diagnosis is to know what to look for at each level, as well as how the levels affect each other. Waddel et al. (2007) depict the organisational level of diagnosis as the broadest systems perspective that is typically taken in diagnostic activities. This level focuses on the organisation against inputs such as the general environment and industry structure to achieve outputs such as performance, efficiency and stakeholder satisfaction through strategy and organisational design. Todnem (2005) suggests that design components within this level can also include HRM, culture and technology. Similarly the general environment can include a vast amount of extraneous variables including social, technological, economical, ecological and political (Stahl, 1997). Thus this level provides a broad basis for diagnosis within the largest environment. As such this level of diagnosis is most crucial when designing or redesigning action plans focused around the organisation as a whole. These strategies may include organisational goals and objectives, mission or organisational policies. (Waddell et al. (2007). Modern organizations are developing action plans in order to change practices to incorporate environmental and social responsibility. These plans and interventions designed at achieving change include organisational wide strategies, such as redesigning business infrastructure as well as changing major mission values/goals and policies within those companies. An example of integrating effective organisatinoal diagnosis is RIO TINTO’s continual development and change towards more sustainable, environmentally responsible mining processes in order for long term outcomes (RIO TINTO, 2010). Through external forces or inputs they developed and integrated various interventions to remodel major sectors within the firm completely. Thus developing and maintaining successful strategic design requires effective organisational diagnosis. The next level of diagnosis is group, and can apply to both larger operating division of firms such as BHP Billiton, or to smaller departments within organisations (Waddell et al. , 2007). Coghlan (1994) depicts that division or larger groups within such multinational firms generally follow the same dimension and relational fits applicable to organisational level development. Inversely Waddell et al. (2007) suggest that small departments and groups behave differently from larger divisions or organisations and thus require a suitable diagnostic model to reflect those dimensions. As such, group level diagnosis consists of organisational design as an input, resulting in outputs of team effectiveness through design components such as task structure, group functioning, performance norms, group composition and goal clarity. Stahl (1997) describes group diagnosis as relative to a small number of people working face to face on a shared task or program. Laser (1995) suggests supportive organisational design is crucial for effective groups to operate. Harrison and Shirom (1999) reinforce this depicting that group structure and components are highly interrelated to organisational wide strategy and design. Goal clarity is a major design component within group level diagnosis, and refers to how well the group understands its objectives. Waddell et al. (2007) suggest that goals should be understood by all members, moderately challenging, measurable, and monitored and, have structure for providing feedback of achievement. An example may include group targets for sales teams. Stahl (1997) illustrates that goal clarity is of crucial importance to successful group outcomes. Coghlan (1994) reinforces this depicting that clear goals provide motivation and direction to group dynamics. Group level diagnosis is considered a more specific approach to an internalized problem than organisational diagnosis and can include problem solving groups built for a specific function (Stahl, 1997). However organisational and group levels remain highly interrelated through organisational design. The lowest level of diagnosis is the individual job or position. Waddel et al. (2007) suggest that organisations are made up of numerous groups and in turn, those groups are composed of several positions. Callan (1993) depicts individual diagnosis as highly specified and dynamic. Similarily Stahl (1997) described the individual level diagnosis as having a minimal effect on the organization as a whole. As the individual level focuses on a single job design it requires a new model of job-level diagnosis (Waddell et al. , 2007). The inputs within this level are organisational design, group design and personnel characteristics, and the resulting outputs aimed at achieving are individual effectiveness, through performance, job satisfaction and individual development. The design components utilized to transform the inputs within this model are skill variety, task identity, autonomy, task significance and feedback about results. Coghlan (1994) suggests that effective feedback mechanisms are crucial to continual intervention and employee development. Feedback refers to the degree to which employees are provided with clear information about performance and effectives of their activities (Waddell et al. , 2007). Such mechanisms could include both formal and informal methods such as casual on the spot feedback or yearly performance appraisals. Conversely Callan (1993) depicts task significance as a major influence on outcomes within the individual level, suggesting that the level to which the employee’s job impacts on other people’s lives has a powerful affect on resulted outcomes. Individual level changes and restructuring can result in higher outcomes of individual’s position through higher individual interest and personnel investment in their jobs (Waddell et al. , 2007). As well higher productivity on an individual level transfers to more successful organisational outcomes, and thus benefits both the workers and the firm. The importance of diagnosis on an individual level can be relatively debatable dependent on organisational type, infrastructure and individual job function (Mclean, 2005). Individual level diagnosis relies on organisational design, group design and personal characteristics for transference into outputs (Waddle et al. 2007). Thus this job level is highly interrelated and dependent on the effectiveness of the design components of both organisational and group level. Hence, effective intervention development within the first two levels of diagnosis would result in a large proportion of successful outputs on an individual level (Harrison and Shirom, 1999). Conversely personal characteristics can include dynamic and uncontrollable extraneous variables which may result in a varied output on the job level. (Burton Obel, 2004). Thus in order to limit a varied result within output it may be necessary to conduct individual diagnosis of job design relevant to the specific problem or concern. As well Mclean (2005) emphasizes the importance of employee satisfaction in relation to staff turnover in order for long term development and organisational outcomes. Waddel et al. (2007) reinforce this depicting a ‘two sided’ relationship between employee satisfaction and interest and the consequential favorable outcomes for the firm. Cobb (1986) illustrates that redesigning individual level jobs can be crucial for successful outcomes within specified problems. As well Beer and Spector (1993) suggest that the success of OD interventions rely heavily on the accuracy of diagnosis within organisations. Thus for a higher probability of favorable outcomes for developed interventions it is necessary to conduct diagnosis over all three levels. Organisational development is a critical process for both short and long term outcomes within modern business practice. With growing economic, social and environmental pressure, there is a greater need for organisational change than ever before. Successful OD is heavily reliant on the effectiveness of diagnosis within an organisation in order to develop appropriate interventions to develop change within the firm. All three levels of diagnosis within OD are important to developing effective mechanisms for change. Organisational diagnosis is more responsive to external influences and direct pressure for both social and environmental concerns. However both group and individual levels are highly interrelated with the success of change interventions and in particular the development of productivity and efficiency to provide support against the economic strain. Individual level diagnosis is highly interrelated within the other levels and as such may not be necessary within some OD applications.

Tuesday, November 26, 2019

Constitutional Convention and the Delegates Who Attended

Constitutional Convention and the Delegates Who Attended The Constitutional Convention was called in May of 1787 order to make revisions to the Articles of Confederation. George Washington was immediately named the Conventions president. This Articles had been shown since their adoption to be very weak. It was soon decided that instead of revising the articles, an entirely new government needed to be created for the United States. A proposal was adopted on May 30th that stated in part, ...that a national government ought to be established consisting of a supreme Legislative, Executive, and Judiciary. With this proposal, writing began on a new constitution. The meeting of the Constitutional Convention began on May 25, 1787. They met on 89 of the 116 days between May 25th and their final meeting on September 17, 1787. The meetings took place Independence Hall in Philadelphia, Pennsylvania. Twelve of the 13 original states participated by sending delegates to the Constitutional Convention. The only state that did not participate was Rhode Island. They were against the idea of a stronger federal government. Further, New Hampshire delegates did not reach Philadelphia and participate until July 1787. Key Delegates There were 55 delegates who attended the Convention. The most well-known attendees for each state were: Virginia - George Washington, James Madison, Edmund Randolph, George MasonPennsylvania - Benjamin Franklin, Gouverneur Morris, Robert Morris, James WilsonNew York - Alexander HamiltonNew Jersey - William PatersonMassachusetts - Elbridge Gerry, Rufus KingMaryland - Luther MartinConnecticut - Oliver Ellsworth, Roger ShermanDelaware - John DickinsonSouth Carolina - John Rutledge, Charles PinckneyGeorgia - Abraham Baldwin, William FewNew Hampshire - Nicholas Gilman, John LangdonNorth Carolina - William Blount A Bundle of Compromises The Constitution was created through many compromises. The Great Compromise solved how representation should be determined in Congress by combining the Virginia Plan which called for representation based on population and the New Jersey Plan that called for equal representation. The Three-Fifths Compromise worked out how slaves should be counted for representation counting every five slaves as three people in terms of representation. The Commerce and Slave Trade Compromise promised that Congress would not tax the export of goods from any state and would not interfere with the slave trade for at least 20 years. Writing the Constitution The Constitution itself was based on many great political writings including the Baron de Montesquieus The Spirit of the Law, Jean Jacques Rousseaus Social Contract, and John Lockes Two Treatises of Government. Much of the Constitution also came from what was originally written in the Articles of Confederation along with other state constitutions. After the delegates finished working out resolutions, a committee was named to revise and write the Constitution. Gouverneur Morris was named the head of the committee, but most of the writing fell to James Madison, who has been called the Father of the Constitution. Signing the Constitution The Committee worked on the Constitution until September 17th when the convention voted to approve the Constitution. 41 delegates were present. However, three refused to sign the proposed Constitution: Edmund Randolph (who later supported ratification), Elbridge Gerry, and George Mason. The document was sent to the Congress of the Confederation which then sent it to the states for ratification. Nine states needed to ratify it for it to become law. Delaware was the first to ratify. The ninth was New Hampshire on June 21, 1788. However, it wasnt until May 29, 1790, that the last state, Rhode Island, voted to ratify it.

Friday, November 22, 2019

Amy Tan’s A Mother’s Tongue

Amy Tan 's mother' s tongue, Amy Tan 's article Native Mother is aimed to show how hard it is when a person is raised by Tan' s mother who said one parent is limited English I am doing. Other people are disliking others. As Tan 's primary caregiver, her mother was an important part of her childhood, and she had a strong influence on how to write Tan. I grew up with her mother, she realized that the recognition of the human world primarily depends on the language spoken at home. Tale of Amy Tan Native language Today, many Americans speak English as the first language. But what makes us stand out is that it is difficult to find two people who speak exactly the same English. This is the discussion Amy Tan proposed in her mother tongue. As the first generation Asian American, Tan moved from China to Auckland, California and became a famous writer. - Amy Tan's Mother's Tongue Amy Tan's article Native Mother is how hard it is when people are raised by Tan's mother who said parents of limit ed English (36) brought up It aims to show. It may lead people to be badly judged by others. As Tan 's primary caregiver, her mother is an important part of her childhood, and she has a great influence on Tan' s composition style. The mother tongue of Amy Tan is in her mother tongue and Amy Tan talks about how language affects her life as she grows up. Through her sorrow, she explained her experience with her mother and Chinese to the audience, understand what she wants to do and what she wants to write. Author Tan wrote the book The Joy Luck Club and The Wife of The Kitchen God. She is an Asian American and my parents are from China, but I moved to Oakland, California. - English is an invisible door. Immigrants are outsiders. Native speaker is a gatekeeper. Regardless of whether the door is open or not, it is the responsibility of a broken English user to rely on their view. Sadly, as Tan's mother discussed in her article Native Language, in most cases the door is closed. Before th ey knew her, people treated her mother due to her wrong English. Tan sympathizes with his mother and other immigrants The article entitled 'Native language' by Amy Tan ended with her remarks. I know that I succeeded when my mother completed my book and made judgments that I can understand. (39) This article focuses on the prejudice of Amy and her mother. As she said that English was inappropriate, Erie 's mother was despised by her life. As she is Chinese, Amy protects her mother's broken English, her family's simple English becomes an intimate language, and it has become a different kind of English related to family conversation (36 ). She rarely knows that it is not only English in fact. Amy Tan provided enough resources to display more content.

Wednesday, November 20, 2019

Situational Leadership Assignment Example | Topics and Well Written Essays - 500 words

Situational Leadership - Assignment Example This model portrays leadership as to having two dimensions. They said that these dimensions were; leaders who were task oriented and leaders who were relationship oriented. The leaders who were relationship oriented laid more emphasis on their relationship with their followers. They tend to create a good working environment by enhancing good relations and follower appreciation. On the other hand is the task oriented leaders who will stop at nothing to achieve their goals or accomplish their professional duties. This meant they are solely determined to perform their tasks irrespective of their relations with the followers This model categorized follower maturity in to four levels. The levels were; the high maturity, moderate maturity which was subdivided into two and finally the low maturity. Each of these levels was characterized by the difference in ability and willingness of an individual. Prior to that, the model had relative comparison of the relationship behavior and the task behavior. This relative comparison gave rise to four quadrants. This model was expressed diagrammatically as illustrated below. In the leadership behavior model we have the four quadrants S1, S2, S3 and S4. (S1) represents low relation and high task leadership behavior. They said that this type of behavior is where the follower character is unable and unwilling and this requires maximum supervision of performance. He referred to this as telling style. The next quadrant (S2) represents a high task high relationship leadership behavior characterized by an unable but willing follower. The situation exhibited here is where the leader gives instruction but expects clarification from the follower. Hersey and Blanchard recommend this a selling style. Quadrant (S3) represents a leadership behavior characterized by high relation and low task which corresponds to unable but unwilling follower. They said that in this situation there ought to be participation. By participation

Tuesday, November 19, 2019

Quote two claims Essay Example | Topics and Well Written Essays - 250 words

Quote two claims - Essay Example Observably, it can be stated that having good sense is not important, but it is significant for people to use it in a good direction. It is quintessential that an individual should not presume his/her mind to be better than other individual in general. Besides, sharpness, clarity in thoughts and memory which is capacious is argued to be vital components within an individual to define the perfect mind. It is also crucial to select a path that enables an individual to develop imaginations and maxims, which ultimately leads an individual to foster method that facilitate him/her to acquire knowledge gradually (Thomas and Turner 32-44). Thomas and Turner’s notion, â€Å"clarity is the central virtue of classic prose† can also be supported, grounded on the fact that classic writer were engaged in presenting literary works that has already been perceived by them. Classic prose can be argued to be predominantly an efficient instrument, which neither invents nor misleads their view. Besides, classic prose evaded hesitations and uncertainties. Thus, it can be firmly justified that â€Å"clarity is the central virtue of classic prose† (Thomas and Turner

Saturday, November 16, 2019

Cowboys and Indians †Clara Madsen Essay Example for Free

Cowboys and Indians – Clara Madsen Essay 1) Resume The story Cowboys and Indians is about a girl, who is at her grandmothers funeral. She doesnt feel very comfortable, so she calls her cousin David to come and rescue her. He is a real rebellion and he picks her up on his motorcycle. Their first stop is at a bar where they drink a couple of shots and a beer. Then they drive of again. At the second stop they smoke a joint and talk about their grandmother, and how David feels stuck in his life. Then they gets hungry and decides to eat at a little takeout stand. There are sitting two old women. They tell that the wind brings devil spirits and they think that David and the narrator brought it with them. Then they drive home, and says their goodbye outside the house. David doesnt want to deal with the family. 2) Characterize The Narrator is a girl with two personalities. She have learned to behave so she can fit in the society, but she is an outlaw. Almost like David. She hasnt found her right identity yet, so she is living a kind of double life? Already in the beginning she knows that she is old enough to help ind the house and talk to people, but she just want to escape. Our grandfather, the patriarch of the family, despised us both. (l. 57) The grandfather also thinks that she is different even though she tries to hide it. The narrator is also an little naive, because she believes in almost everything David tells her. She wants to be tough and cool, when she is around him but she is often a little insecure.

Thursday, November 14, 2019

With Life Comes Problems :: psu

With Life Comes Problems 1 In today's world there is nobody who can honestly say that they have absolutely no problems or worries in their life. Everyone has something to deal with and things to get over in their life--that's why it's called life. As long as you're alive, you will constantly have to battle the burdens of life that all people encounter. Some are destroyed by the harships [Hostage 50] and others overcome them. In Kate Chopin's "The Story of an Hour" she gives a glimpse at the life of one woman who, for a brief time, felt she would have no more problems, but then is shocked in to [into] death by realizing that her problems were not yet gone. The theme of the story is that you are never really free from the troubles of life until you are dead. 2 The conflicts in the story are ones that we all encounter and deal with until the day we die. In the story there is conflict between Louise (woman) and her husband (man). It said that sometimes she loved her husband, but often she did not (par. 14). This says to me that they did not have a good relationship together, and and were probably constantly battling. [Evidence from the story?] Another conflict would be Mrs. Mallard's life vs. Mr. Mallard's death. [?] Because of Mr. Mallard's suppossed [Hostage 50] death, Louise would now live her life happier and for herself (par. 13). Then, when Mr. Mallard came home, Louise was faced with the conflict of choosing between the freedom she would have had or the repression she would now suffer, from her husband, for the rest of her life if she would stay alive. At the end she, in a way, chooses death over repression. The only true way for her to be free was to die. 3 The symbols in "The Story of an Hour" give a look at the good life and rebirth Louise would have had if Mr. Mallard would have actually been dead. The actual word "mallard" refer to a wild duck. [SV -1] The meaning of "duck," other than the animal, is to avoid a blow. Mrs. Mallard was constantly ducking wildly from her husband's blows, whether mental or physical. [Evidence?] The calm after her storm of grief (par.

Monday, November 11, 2019

Automobile and Swot Analysis Essay

1. Introduction This report is based on the company Mercedes Benz, and the chosen country is Singapore. The purpose of the report is to conduct an environmental and marketing analysis of Mercedes Benz in Singapore. Firstly, this report will state the company background. Next, it will state the country background. Thirdly, it will state the SWOT analysis. Fourthly, it will state the PEST analysis. After that, it will state the marketing strategy, new product development, and lastly the conclusion. Company background Mercedes-Benz is a German car company, some sort of multinational department from the German company Daimler AG. The company is used intended for high-class motor vehicles, buses, motor coachs, as well as vehicles. The particular brand made an appearance in 1926 within Daimler-Benz yet history the sources to Daimler-Motoren-Gesellschaft’s 1901 Mercedes and to Karl Benz’s 1886 Benz Patent Motorwagen, which is commonly viewed as the first car. Mercedes-Benz’s slogan is â€Å"Das Beste oder nichts† (English: â€Å"The best or nothing†). Mercedes-Benz is just about the most commonly known as well as set up car makes in the world, which is on the list of the world’s oldest car company nevertheless around the world today in 2014,possessing the first petrol-powered vehicle. Country background Singapore is an affluent island nation, positioned in Southeast Asia within the southern tip of the Malay Peninsula. The occupants of Singapore delight in one of the maximum standards associated on earth, with each capita GDP adequate to in which from the top international locations within American The european union. The particular economy would depend intensely upon exports, and the nation houses one of the busiest ports on earth. 2. SWOT analysis SWOT analysis is part of strategic planning. The SWOT analysis helps organizations assess issues within and outside the organization. The SWOT analysis, made up of an assessment of strengths, weaknesses, external opportunities and threats from competition, provides an outline for strategic decision-making Table 1 From the table above it is seen that strong brand value measures that Mercedes is considered as a premium brand, such as BMW, Porsche, Audi and etc. There is no exception that Mercedes will stay in premium segment for a very long time. Almost all the rich and old people prefer this particular car brand. Also, this company has an advantage over their competitors as increasing production hybrid cars because of environmental friendly and Ð µÃ'€Ã'Æ' exact number of miles driven. To produce high quality cars and hire well – educated employees makes production expensive. That is why Mercedes is interested in upper class people who are able to buy such a car. It makes the brand attractive investment for people with high income (upper class). PEST analysis Originally known as PEST Analysis, this is a macro environmental framework used to understand the impact of the external factors on the organization and is used as strategic analytical technique. Strengths Weakness Opportunities Threats Strong brand value High price cost Fast – growing company Government policy Leader in innovation Expensive service New products and services Increasing in competition High level safety of cars High fuel consumption Developing hybrid cars Decrease in demand Investment. Stereotype that this car is for the rich people Fuel price rises Rising price of raw material High quality It is hard to find manual transmission in such a car Positive attitude towards â€Å"green† vehicles Unexpected problems A PEST analysis is looks at how those external factors can affect a business’s activities and performance, and it can be used in combination with other tools. It helps to determine an organization’s overall outlook for success. Political Economic Socio – Cultural Technological Bureaucratic Interest rates Fast – growing society Modern technology Stable government law system High income level Diversity of cultures WI-FI zones Taxation system. High power of the local currency Variety of language cultures Automation of work Law level of corruption Low level of economic freedom (-2) Most of the people are in advanced age Production of high quality medical equipment Foreigners investment Trade freedom Prevalence of upper class Investment in technology Table 2 From the table above let us take 3 characteristics for discussion. Firstly, high income of Singapore measures that Mercedes – Benz is one of the most suitable brands for upper class. It is considered, that Mercedes – Benz is a car which is suitable for old population, especially for men. Therefore, this car brand has a priority to take Singapore as a sales leader in the adult audience because of the prevalence of old population. Diversity of cultures of the populations shows that every single nation has different understanding of car design. That is why this brand can offers cars such as â€Å"family car† like Sedan (C – class) to â€Å"celebrity car† as Crossovers (G – class) with the newest and technology to their customers. 1) Franki Colbert (n. d). Definition of a SWOT Analysis. Retrieved from: http://smallbusiness. chron. com/definition-swot-analysis-43274. html 2) Russ Heaps (n. d) 10 most expensive cars to own and drive. Retrieved from: http://www. bankrate. com/finance/auto/10-most-expensive-cars-to- own-and-drive-1. aspx 3) Chad Brooks (2013, November 22). PEST Analysis: Definition, Examples & Templates. Retrieved from http://www. businessnewsdaily. com/5512-pest-analysis-definition- examples-templates. html 4) Abha Pandey (2011, 26 September). What is PESTLE Analysis? Retrieved from: http://bpmgeek. com/blog/what-pestle-analysis 5) Leading through innovation (n. d/ n. a) http://www. mbusa. com/mercedes/benz/innovation.

Saturday, November 9, 2019

Lease Versus Purchase Option Essay

In this essay I will try to explain or compare and contrast lease versus purchase option. In this explanation I will talk about what is deb financing, and will provide two examples. I will also talk about what is equity financing and provide two examples and last which alternative capital structure is more advantageous and why. In order to give two examples of what is debt financing I will give a brief description of what is debt financing. Debt financing is when a company borrows money that must be repaid but with interest. This does not dilute the ownership of the company. With that being said the two examples are Issue Bonds and Line of Credit. In the line of credit, this is a bank loan where a business can draw out funds whenever money is needed. In issue bonds the business can issue bonds as for of debt financing these bonds are marketable securities. (ehow.com 2013) Now equity financing is according to ychange.com (in equity financing, money is exchanged for a share of ownership in the business). The business in returns raises funds and does not incur in debt. The two types of equity financial is employee stock ownership and private investors. The employee stock is when a company sells stock to the employee. The private investors are possible investor willing to invest their money in the company. Which alternative capital structure is more advantageous? In my opinion and according to the definitions on my e-book I would have to say energetic-middle the reason for this would be because it is more advantageous for small business. It balances the return and risk of capital. After looking at all the definitions and examples, trying to compare and contrast lease vs. buying is not that difficult. This all depends on what do you want and if it is in a companies perspective then one must take into consideration the companies cash flow. For example if a company has lots of cash flow then buying is the option now if it wants to conserve capital for the near term then leasing is the best option. It all depends on what the company need at that particular time.

Thursday, November 7, 2019

Research IKEA in the UK. Its main market, location of stores, revenue, adaptations of business model to suit UK and types of advertising. The WritePass Journal

Research IKEA in the UK. Its main market, location of stores, revenue, adaptations of business model to suit UK and types of advertising. Introduction Research IKEA in the UK. Its main market, location of stores, revenue, adaptations of business model to suit UK and types of advertising. , p. 1) and has since become one of the biggest self-assembly furniture organisations in the world with over 300 stores in 28 different countries (Kotler, 1999). Whilst Germany remains IKEA’s main market, the UK has had increasing success in recent years: â€Å"IKEA sales are booming in the UK as price cuts, cheaper home deliveries and a bigger online product range helped the world’s largest furniture retailer grab a larger market share† (Kollewe, 2012, p. 1). Part of this success has stemmed from the  £30m investment that was provided to the 18 stores within the UK. The location of these stores is also an important factor in IKEA’s success since it is imperative that they are conveniently placed for customers and that they are spread out evenly throughout the UK. This enables a larger customer base to be created and as asserted by Krafft and Mantrala (2010, p. 249); â€Å"in order to locate its stores close to consumers, the retailer must have large nu mber of stores.† Since this does appear to be the case it seems as though business structure of IKEA does conform to customer requirements. IKEA’s corporate structure is divided into two parts which are; franchising and operations, yet because of the complex nature of the IKEA systems it is often very difficult to determine ownership. Nevertheless, franchisees are required to pay a 3% franchise fee to Inter IKEA systems, which is the owner of the IKEA trademark. This does not apply in relation to IKEA operations as these are controlled by INGKA holding. Despite the uncertainty of ownership the entire IKEA group have made significant profits and in the year ending 31st August 2011 IKEA â€Å"achieved total sales of  £1.15 billion and further market share growth from 6.1% in 2010 to 6.3% in 2011† (IKEA, 2011, p. 1). In order to ensure that this type of success is maintained, IKEA’s business model is cleverly structured in a way that is suited to the UK. This includes a great deal of emphasis being placed upon social responsibility since the company believes that a â€Å"a strong vision and social am bition is a plausible and profitable platform for spectacular growth† (McMullen, 2012, p. 1). IKEA has also created a service culture which enables the common norms and values of society to be conformed to. This is what attracts a lot of IKEA’s customers and helps to maintain sustainability and growth (Edvardsson and Enquist, 2010, p. 182). IKEA adopts a standardized approach in its marketing strategies, yet the approaches that are undertaken are adapted to the different consumer cultures that exist within the market (Burt et al. 2010, p. 183). A number of different advertising campaigns have thus been launched in the UK, including the ‘Home is the Most Important Place in the World’ campaign that was launched in 2007. In 2008 IKEA also paired up with the ‘Sims 2’ video game makers in order to launch the ‘Sims 2 IKEA Home Stuff’ campaign and had the MV Red Osprey of Red Funnel in Southampton painted entirely yellow to celebrate the opening of the new IKEA store. ‘Happy Inside’ is another advertising campaign that was launched in 2010 which had 100 cats lying on IKEA furniture enabling potential customers to view the products IKEA was selling. Furthermore, a campaign called ‘Love, Peace and Storage’ was also launched in 2011 which features comedians question ing who was the messiest in the home; men or women. The director of the UK’s IKEA made it clear that they are â€Å"committed to understanding how their customers live life at home so that they can provide solutions to make them happier† (Kimberley, 2011, p. 1). This appears to be a wise move since customers needs should always be conformed to in order to guarantee sustainability (Bell and McGillivray: 2008; p. 55). In determining what these needs are, however, it is important to investigate the external environment. This is because, â€Å"industrial networks and business relationships play key roles for the strategy of IKEA† (Baraldi, 2008. p. 120). Therefore, in order for IKEA to accomplish their objectives, the external network needs to be considered and used as this would otherwise stifle the growth of the company and sustainability would not be attained. Arguably, it is thereby imperative that the external environment is continuously reviewed within any organization as this promotes healthy changes to be made and ensures the growth of the company. Whilst there are a number of different ways the external environment can be analyzed, IKEA tends to adopt the PEST approach. This analysis which stands for; political, economic, social and technological is suitable when examining external factors. This is because; â€Å"such external factors are usually beyond the firms control and sometim es present themselves as threats. For this reasons, some say that PEST is an appropriate term for these factors† (LaPan and Franks, 2005; p. 95). This will certainly ensure that the business strategy of IKEA is in accordance with customer needs and values and will allow sustainability to be maintained which is one of the main factors which contributes to an organisations success. Overall, IKEA is one of the main home products organisations that exist throughout the world, yet the reasons why IKEA has been so successful is largely due to the ways in which it markets itself as well as the business strategies that have been incorporated. Thus, whilst IKEA adopts a standardized approach in its marketing strategies, they all seek to ensure that the customer’s needs are being conformed. This is attained by evaluating the external environment and considering the common norms and values of society. Once this has been done, a service culture can then be created which helps to promote growth and maintain sustainability. References Baraldi, E. (2008) Strategy in Networks: Experiences from IKEA, University of California Berkeley, vol. 50, no. 4. Bell, S., McGillivray, D., (2008). Environmental Law, (7th ed). OUP. Burt, S. Johansson, U. and Thelander, A. (2010) Standardized Marketing Strategies in Retailing? IKEA’s Marketing Strategies in Sweden, the UK and China, Journal of Retailing and Consumer Services, vol. 18. Edvarsson, B. and Enquist, B. (2010) The IKEA Saga: How Service Culture Drives Service Strategy, The Service Industries Journal, vol. 22, no. 4. IKEA. (2011) IKEA UK announces Financial Year 2011 Results, News Room, [Online] Available: ikea.com/gb/en/about_ikea/newsitem/IKEA_FY11_results_02.11.11 [13 January 2013]. The Telegraph. (2012) It looks so easy at first, [Online] Available: telegraph.co.uk/finance/newsbysector/retailandconsumer/9575911/It-looks-so-easy-at-first.html [12 January 2013]. Kimberley, S. (2011) IKEA rolls out battle of the sexes campaign, Brand Republic, [Online] Available: brandrepublic.com/bulletin/brandrepublicnewsbulletin/article/1063045/ikea-rolls-battle-sexes-campaign/ [13 January 2013]. Kollewe, J. (2012) IKEA Bucks Retail Trend, The Guardian, [Online] Available: guardian.co.uk/business/2012/nov/02/ikea-bucks-retail-trend [13 January 2013]. Krafft, M. and Mantrala, M. K. (2010) Retailing in the 21st Century: Current and Future Trends, Springer, 2nd Edition. LaPan, K. R., and Franks, S., (2005). Creating a Winning Business Plan. Author House. McMullen, M. (2012) IKEA’s Business Model Includes Social Responsibility, Winnipeg Free Press, [Online] Available: winnipegfreepress.com/arts-and-life/entertainment/books/ikeas-business-model-includes-social-responsibility-allen-wrench-142175283.html [13 January 2013].

Monday, November 4, 2019

The Role of Women as Shown through Marriage Law Essay

The Role of Women as Shown through Marriage Law - Essay Example As the essay declares women have always suffered a subjugated role in all societies from the beginning of civilization, surviving records from several ancient societies reveal that women are only just now surpassing the freedoms afforded them centuries ago. Although the women of ancient Sumeria didn’t have quite the same freedoms experienced by women of the modern world, a look back through the laws of Assyria and the Old Testament reveal a gradual tightening of restrictions placed on women in reaction to either political or theological threats, eventually leading to near drudgery status for most women through history’s most imbalanced periods. This paper discusses that marriage laws within this code are very specific regarding the rights of the woman being almost equal to the rights of the man. For example, the bride’s family had to agree to the marriage by accepting the bride-price from the groom’s family. That the girl was a valued member of society is indicated in that this bride-price, along with a dowry provided by her family, went with her into her new marriage and remained her property for life. Underscoring the value of the bride to her family is the idea that the bride is always a member of her father’s house, regardless of to whom or how long she has been married. The code of King Hammurabi also provided for near equal chance to divorce. When the man opted to divorce the woman, she retained custody of any children and he had to pay the ancient day equivalent of child support.

Saturday, November 2, 2019

The negative impacts of internet on teenagers in the United States Essay

The negative impacts of internet on teenagers in the United States - Essay Example Risks associated with internet for teenagers are far more profound than with any other kind of media due to the ease of accessibility to the harmful content that the internet provides the children with. Based on the view of about 85 per cent of the parents, the National Altitudinal Poll identified the internet as the number one concern for the parents (Common Sense Media cited in Louge 2). Internet has provided the children with the opportunity to view and past whatever they feel like without having the parents realize it. Internet is frequently used by the American children to distribute sexually explicit material both their own and that of the others that they get to lay their hands on. Sex trafficking and various kinds of sex crimes have increased in number manifolds as the use of internet among the children has increased. â€Å"The Internet is transforming the experience of growing up in America. It is also transforming the job of being a parent in America. The Internet brings t he world — the good, the bad, and the ugly — to the American family’s doorstep. It brings the ruins of ancient Athens to that doorstep, but it also brings the red light district of Bangkok† (Third Way Culture Project). This paper identifies the various the negative impacts of internet on teenagers in United States. ... Thus, when they are away from the internet, they are depressed and their senses are revived only when they are using the internet. In this sense, they become addicted to the internet. They know that they ought to limit the time they spend on the internet and yet cannot help using the internet all day long because they experience unpleasant emotions when they are not using it. Internet remains in their conscious sense full time in one way or another. Either they are thinking what movie they would download next, which friend they would reply next or what statement they would place on their Facebook profiles. Excessive use of internet has become a very common thing among the young generation in the US. This behavior of unusually high association with the internet is commonly referred to in such terms as compulsive use of internet, pathological use of internet, problematic use of internet, computer addiction, internet dependence and net addiction. Declining academic performance Internet addiction has many unfavorable outcomes one of which happens to be the negative impact of it on an individual’s academic performance. Because of the excessive use of internet, the child is not able to concentrate upon the studies. Studies demand time and attention and yet are very boring. On the other hand, internet activities are very interesting and encourage one to indulge in them because they are also energizing and intellectual in many ways. Thus, the individual’s craving for knowledge and enhancing the skills is sufficiently satisfied by using internet. Thus, the time that the children should spend on their studies is wasted in playing online games, socializing on the social media websites and downloading and watching movies