Analyze the Theories Managing Human Resources

Question: Analyze the Theories of Managing Human Resources. Answer: Introduction The primary aim of the essay is to analyze the theories on human resource management and work life balance and examine its effectiveness on global environment. The essay discusses the theories on flexibility and work life balance. It analyzes the effect of working extra hour on its employees and organization and how it can be harmful. It analyzes the how employers could facilitate work life balance during economic downturns. It also discusses the implication of excessive working hours on the performance of employee and managers. The author will use various theories to support its argument and analyzes the case study to present its argument. Work life balance prioritizing the balance between work and lifestyle. The essay discusses how organizations achieve work life balance keeping the interest of both employers and employees (Smeaton et al., 2015). Body Human resource management is the management of employees and human resources in an organization. It includes management of people, recruitment, training, and development, performance, providing orientation and developing skills of its employees. The responsibility of the human resource team in an organization is to maintain employees, recruitment and selection, performance appraisal, training and development and workforce planning. The task if human resource management is to hire the employees that posses some value that is essential to the organization to accomplish its goal (Bratton Gold, 2015). Work life balance is creating a balance between work and human lifestyle. It means creating a balance of employees so that they can earn adequate income without hampering the responsibilities of employees towards its family. Work life balance is lifestyle choice. The research shows that working extra hour accounts for a total of seventy one billion dollar unpaid work each year. When the employees in an organization have to give an extra working hour in an organization they have to compromise the hour that they could have given to their family and leisure activities. Work life balance includes leave arrangement is an organization so that employees can find some time for family and other personal relationships. In order to increase productivity it is essential for people to take breaks and go on a vacation. Creating a right balance between work and life will increase efficiency by giving new positivity to life (Gangwisch, 2014). The main key feature of work life balance program includes giving flexibility to its employees to choose the career of their own choice. Work life policy programs in Australia includes flexible hours, part time work, job sharing, working from home, employee assistance program, relocation service and granting casual laves so that employees can invest time for personal needs and family time as well (Healey, 2008). Flexible work arrangement is the situation or schedule that is different from the traditional schedule in the work place. It includes flexible shift timings at office, flexible work locations and flexible work arrangements. . The main issues with flexibility are trust and supervision, communication, and fairness (Vandello et al., 2013). The flexibility of work arrangement has altogether moved to a new pattern according to Juliet Bourke. Flexibility instead of spreading positivity at workplace is involved in spreading negativity moving away from original paradigm. Flexibility at work arrangement now means how the employers in an organization can now get more out of fewer people. The main aim of the employers in an organization is to cost minimization and profit maximization. When fewer people come to office the cost of providing them laptop and other resource reduces. So they engage employees in getting them worked for longer hours. The employers are now focusing on reducing the work week and work arrangement in order to retain the workers. Flexibility is not always beneficial every time as the employers puts the extra workload on the other people in order to compensate the flexibility applied by the other. In this case the workload on some people increases that leads to unbalance in work and lifestyle (Darcy et al., 2013). Employers often put work pressure in those employees who are committed towards work so this reduces the work life balance leading to less time availability. The policy of getting more work done form employees is not productive as the people often have to work under string stress condition. In the view to save time and travel cost few employees engage in working from home. This often leads to increase in cost as most of the time they have to teleconference that leads to lots of wastage on money and cost. To reap the maximum benefit from the policy of more out of less the organizations have to be efficient. For this the organizations have to be structurally efficient and the job roles need to redesign. Due to flexibility and more out of less policy the talented employees are not properly absorbed. Flexibility has moved from its original paradigm to an extent that is necessary and inevitable. Proper management of the organization could lead to proper efficient work force having work lif e balance (Hill et al., 2012). The major challenges with the work life balance program are that it becomes difficult for the organizations to adapt the change. The conflict between the working groups arises in an organization. The valuable time of the managers in an organization is wasted since they have to research and re write the human resource policies according to the demand of its employees (Jones et al., 2013). Many organizations have realized the importance and benefits of flexible work arrangement. According to some recent research seventy nine percent of the organizations are indulging in providing greater work flexibility. Many organizations are introducing part time work and flexible working hours to boost the employee morale and efficiency of the firm. Flexibility is essential in organizations as it is critical part of employee engagement strategy and is required to develop diverse high work performance in workplace. Flexibility is also essential for employers as it reduces the cost. It also provides employees to spend more time with their family. Most of the people work for forty eight hours and sixty percent of the people do not take regular holidays (Masuda et al., 2012). Excessive working hours in an organization has negative impact and implication on both managers and employees. It has negative implication on productivity on employees and managers. Excessive working hours can be in form of stretched long working hours, overtime or extended hours per day. Long working hours not only hamper the employees and managers but also the people associated with them that includes family members, and community. It hampers the employee performance and social abnormalities as well. Long working hours result in increase in stress, sleeplessness, fatigue, and health issues that has effect on the performance of the employees and organizations. Increased working hours also posses the problems for managers as it leads to increase in production cost and production of cheap quality of goods and services. Increase in work hours can lead to increase in health problems such as lower back injury, high blood pressure, mental issues, stress, fatigue and higher suicide rates. Increased working hours also increases the risks of safety (Fursman Zodgekar, 2009). Most importantly increase in working hours leads to decrease in productivity. Studies show that if people work more than sixty hours in a week the productivity decreases by twenty five percent. Increased working hours leads to increase in stress that in turn leads to increase in customer dissatisfaction. The main result is seen in the fall in the quality of goods and services (Fagan et al., 2012). A study in United States showed that as the overtime of work increases by ten percent the productivity decreases by 2.4 percent. There are many reasons for lower productivity because of the increase in the working hours ("Flexible working arrangements Flexibility in the workplace - Fair Work Ombudsman", 2016). One of the reasons is fatigue. When employees are too tired and stressed physically and mentally they dont perform the tasks to their best ability. This results in the fall in productivity. When the work hour increases then the work rate slows down and unproductive time increases. Long working hours also leads to increase in absenteeism that directly hampers the productivity of the organization. It is not only the employers and employees that get affected but also the community because people get irritated working for longer hours so this has impact on the behavior that they show to society. Extra incentives should be given to the people who are using their valuable time in of fices by investing the valuable time. Time management techniques needs to be established in organizations in order to mitigate the ill effects of overtime on health and productivity. Managers should encourage vertical and horizontal communication in organizations. The employees should be well motivated in order to want him to work for extra hour. Working overtime has many ill effects especially on the productivity and efficiency of the organization. Performance of employees and managers will increase due to overtime only when the workers are motivated and appraised for their performance by giving them extra monetary value and incentive (Christensen Schneider, 2015). During economic recession many organizations tend to lay off workers. It is essential for the organization to manage the remaining work force after lay off. The managers should keep in mind that the work and life balance of its employees is preserved or not. Work life balance during economic downturns can also be taken care of by the managers by providing monetary compensation to the ones who are being terminated for no valid reason. Managers can also use the insurance policies and retirement plans to benefit the employees and maintain their work life balance. The remaining employees in the business operations are the ones who would bring the organizations into competitive force (Campbell, 2015). So these employees should be compensated by the managers so that they give hundred percent in their work to resolve the competitiveness of firm. It is essential for the managers to understand the grievances of employees and take proper financial steps so that the period of recession is mitig ated. It is essential to make the employees understand the positive impact of flexible working hours on personal life as well as organization. The employees who are being laid off should be made to understand the reason why they are being laid off and they too are essential part of the organization. It is essential for the organization to convey the employees that as soon as the organization will have enough resource they will be employed in the organization and will also be given extra incentive in order to keep them motivated. Proper allocation of resources in an organization is essential during economic downturn. Time management is essential to balance career with lifestyle. Flexibility work arrangement should be adopted in organizations so that the employees are satisfied and they can give time to their family as well along with work. It is essential for the employees to see everyone in organization equally. Discrimination of any kind is harmful. Proper work decision is essentia l for effective utilization of time and resources. Work life balance during the time of economic recession or downturn can be achieved by proper forming proper policies and strategies. The main responsibility is that of the human resource manager (Perlow Kelly, 2014). During the time of economic downturn the working hours of many employees is reduced so that they can balance work and life through flexible work arrangement. The salaries and wages are then paid according to the time that they deliver. But in organizations where the work culture is strong organizations realize that it would not be beneficial for the firms to reduce the working hour. The main benefits of flexible working hours in an organization is that it has more control over time, and also allows the employees to spend more time with their family (Vandello et al., 2013). Conclusion: Work life balance and flexibility at work arrangement both has pros and cons. If it is managed properly then its result will benefit both the organization and employees. With the change in tradition the work load is also increasing. There are many ill effects of working overtime and main hamper is on productivity of employees and organization. In order to increase profitability and productivity it is essential for the workers to maintain the family as well as career. This can be maintained by properly managing time. The main role of human resource manager is to manage the employees and keep them motivated so that together they can work to achieve the goal of the firm. Both the employers and employees should work together to achieve one common goal set by the organization. References Allen, T. D., Johnson, R. C., Kiburz, K. M., Shockley, K. M. (2013). Workfamily conflict and flexible work arrangements: Deconstructing flexibility.Personnel Psychology,66(2), 345-376. Bratton, J., Gold, J. (2015). Towards Critical Human Resource Management Education (CHRME): a sociological imagination approach.Work, Employment Society,29(3), 496-507. Brown, V. R. (2015).The Impact of Flexible Work Arrangements on Employee Engagement(Doctoral dissertation, Auburn University). Campbell, K. M. (2015). Flexible Work Schedules, Virtual Work Programs, and Employee Productivity. Christensen, K., Schneider, B. (Eds.). (2015).Workplace flexibility: Realigning 20th-century jobs for a 21st-century workforce. Cornell University Press. Darcy, C., McCarthy, A., Hill, J., Grady, G. (2012). Worklife balance: One size fits all? An exploratory analysis of the differential effects of career stage.European Management Journal,30(2), 111-120. Fagan, C., Lyonette, C., Smith, M., Saldaa-Tejeda, A. (2012).The influence of working time arrangements on work-life integration or'balance': a review of the international evidence(No. 32). ILO. Flexible working arrangements Flexibility in the workplace - Fair Work Ombudsman. (2016). Fairwork.gov.au. Retrieved 17 May 2016, from https://www.fairwork.gov.au/employee-entitlements/flexibility-in-the-workplace/flexible-working-arrangements Fursman, L., Zodgekar, N. (2009). Making It Work: The Impacts Of Flexible Working Arrangements On New Zealand Families.Social Policy Journal Of New Zealand, (35), 43-54. Gangwisch, J. E. (2014). Work-life balance.Sleep,37(7), 1159. Healey, J. (2008).Work-life balance. Thirroul, N.S.W. : Spinney Press, 2008 Hill, E. J., Hawkins, A. J., Ferris, M., Weitzman, M. (2001). Finding an extra day a week: The positive influence of perceived job flexibility on work and family life balance*.Family relations,50(1), 49-58. Jones, F., Burke, R. J., Westman, M. (2013).Work-life balance: A psychological perspective. Psychology Press. Masuda, A. D., Poelmans, S. A., Allen, T. D., Spector, P. E., Lapierre, L. M., Cooper, C. L., ... Lu, L. (2012). Flexible Work Arrangements Availability and their Relationship with Workà ¢Ã¢â€š ¬Ã‚ toà ¢Ã¢â€š ¬Ã‚ Family Conflict, Job Satisfaction, and Turnover Intentions: A Comparison of Three Country Clusters.Applied psychology,61(1), 1-29. Perlow, L. A., Kelly, E. L. (2014). Toward a model of work redesign for better work and better life.Work and Occupations,41(1), 111-134.. Smeaton, D., Ray, K., Knight, G. (2015). Costs and benefits to business of adopting work life balance working practices: A literature review.UK Department for Business, Innovation and Skills, London. https://www. psi. org. uk/images/uploads/bis-14-903-costs-and-benefits-to-business-of-adopting-work-life-balance-working-practices-a-literature-review. p df. Accessed,4. Vandello, J. A., Hettinger, V. E., Bosson, J. K., Siddiqi, J. (2013). When Equal Isn't Really Equal: The Masculine Dilemma of Seeking Work Flexibility.Journal Of Social Issues,69(2), 303-321.

Thinking and Writing about Art History

This essay will discuss the painting by Samuel Richards which is called Blissful Hours. It is necessary for us to focus on the artistic elements of this picture and its theme. The author completed it in Munich in 1885. Eight year later it was first exhibited in Chicago World’s Columbian Exposition. This is an oil picture, and its canvas is 39 1/2 x 57 1/4 inches.Advertising We will write a custom essay sample on Thinking and Writing about Art History specifically for you for only $16.05 $11/page Learn More According to Samuel Richards’s letter, this work depicts a village girl who works on her bridal dress (Tottis, 216). The artist has never explicitly stated the purpose of this work. Yet, one can deduce that he strives to portray the life of rural people in the nineteenth-century Europe. The main message of this picture can open to various interpretations, for instance, it can demonstrate how women of that period were dependant on marital status and how important wedlock was for them. This picture has some elements of Romantic and Baroque painting. In particular, one can speak about the blurring of shapes and colors. The painter used this element of design in order to focus the viewer’s attention on the maiden rather than on some elements of decor like furniture. Samuel Richards uses grey, white, and beige colors. In many cases, they merge into one another. Perhaps, in this way, he tried to emphasize the gentleness of this village girl. Again, this response can be explained by the fact that she is placed in the most illuminated part of the room and the viewers can see her tender face and hands. It is possible to say that she is the focal point of this painting. This work fits into the career of this artist. One can draw parallels between this painting and some other works by Samuel Richards, for example, German Girl, or Head of a Peasant. Overall, rural life is an important theme in his works (Tottis, 216). Mo reover, one should take into account that this artist grew up and often lived in such environment. Thus, this painting fits his career and life. While working on this painting the author relied primarily on visual rather than literary sources. This work of art can tell us much about the social relations of that period. In particular, it can show that marriage was of the crucial importance for women of that period. It was one of the ways in which they could raise their social status. Overall, this work was praised for its realistic portrayal of village life and household (Tottis, 217). In terms of themes, this work can be compared to other works done at the same time, for instance, the painting by Jean-Francois Millet which is called The Gleaners. This painting also depicts the life and labor of rural women.Advertising Looking for essay on art? Let's see if we can help you! Get your first paper with 15% OFF Learn More As far as the process of this artistic piece is conc erned, we can say that very little is known about it. Samuel Richard completed this painting in Munich and he was working in a village near this city. Yet, there are no preliminary sketches of this artistic work. This artistic piece represents American painting of the nineteenth century. It can give us a glimpse in to the life of rural society of that period. Moreover, this artistic piece is significant from purely artistic standpoint. Samuel Richards’ use of color, his sense of unity and proportion can still be admired. One should take into account that the artist portrays not only one girl, but probable a whole generation of rural and peasant women. This is why one can say that this work is symbolic. Works Cited Tottis, James. American paintings in the Detroit Institute of Arts: Forging a modern  identity : masters of American painting born after 1847. Detroit: Giles in association with the Detroit Institute of Arts, 2005. Print. This essay on Thinking and Writing about Art History was written and submitted by user James Buchanan Barnes to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Definition and Examples of Exhortation

Definition and Examples of Exhortation An exhortation is a  speech that attempts to encourage, motivate or incite an audience through strong emotional appeals. Here are some examples from famous works. Henry Garnets Address to the Slaves​ Look around you, and behold the bosoms of your loving wives heaving with untold agonies! Hear the cries of your poor children! Remember the stripes your fathers bore. Think of the torture and disgrace of your noble mothers. Think of your wretched sisters, loving virtue and purity, as they are driven into concubinage and are exposed to the unbridled lusts of incarnate devils. Think of the undying glory that hangs around the ancient name of Africaand forget not that you are native-born American citizens, and as such, you are justly entitled to all the rights that are granted to the freest. Think how many tears you have poured out upon the soil which you have cultivated with unrequited toil and enriched with your blood; and then go to your lordly enslavers and tell them plainly, that you are determined to be free. . . .[Y]ou are a patient people. You act as though you were made for the special use of these devils. You act as though your daughters were born to pamper the lusts of your ma sters and overseers. And worse than all, you tamely submit while your lords tear your wives from your embraces and defile them before your eyes. In the name of God, we ask, are you men? Where is the blood of your fathers? Has it all run out of your veins? Awake, awake; millions of voices are calling you! Your dead fathers speak to you from their graves. Heaven, as with a voice of thunder, calls on you to arise from the dust.Let your motto be resistance! resistance! resistance! No oppressed people have ever secured their liberty without resistance. What kind of resistance you had better make, you must decide by the circumstances that surround you, and according to the suggestion of expediency. Brethren, adieu! Trust in the living God. Labor for the peace of the human race, and remember that you are four millions!(Henry Highland Garnet, speech before the National Negro Convention in Buffalo, N.Y., August 1843) Henry Vs Exhortation at Harfleur Once more unto the breach, dear friends, once more;Or close the wall up with our English dead!In peace, theres nothing so becomes a man,As modest stillness and humility;But when the blast of war blows in our ears,Then imitate the action of the tiger;Stiffen the sinews, summon up the blood,Disguise fair nature with hard-favored rage. Then lend the eye a terrible aspect;Let it pry through the portage of the head,Like the brass cannon; let the brow oerwhelm itAs fearfully as doth a galled rockOer hang and jutty his confounded base,Swilled with the wild and wasteful ocean.Now set the teeth, and stretch the nostril wide;Hold hard the breath, and bend up every spiritTo his full height! On, on, you noble English,Whose blood is fet from fathers of war-proof!Fathers, that, like so many Alexanders,Have, in these parts, from morn till even fought,And sheathed their swords for lack of argument;Dishonor not your mothers; now attest,That those, whom you called fathers, did beget you!Be copy now to men of grosser blood,And teach them how to war! And you, good yeomen,Whose limbs were made in England, show us hereThe mettle of your pasture: let us swearThat you are worth your breeding; which I doubt not;For there is none of you so mean and base,That hath not noble lustre in your eyes.I see you stand like greyhounds in the slips, Straining upon the start. The games afoot;Follow your spirit: and, upon this charge,CryGod for Harry! England! and Saint George!(William Shakespeare, Henry V, Act 3, scene 1. 1599) Coach Tony DAmatos Halftime Address to the Players The inches we need are everywhere around us. They’re in every break of the game, every minute, every second. On this team, we fight for that inch. On this team, we tear ourselves and everyone else around us to pieces for that inch. We claw with our fingernails for that inch because we know when we add up all those inches that’s gonna make the . . . difference between winning and losing! Between livin and dyin! I’ll tell you this: In any fight, it’s the guy who’s willing to die who’s gonna win that inch. And I know if I’m gonna have any life anymore, it’s because I’m still willin to fight and die for that inch. Because that’s what livin is! The six inches in front of your face! Now I can’t make you do it. You got to look at the guy next to you. Look into his eyes! Now I think you’re gonna see a guy who will go that inch with you. Youre gonna see a guy who will sacrifice himself for this team because he knows when it comes down to it, you’re gonna do the same for him! That’s a team, gentleman! And, either we heal, now, as a team, or we will die as individuals. That’s football guys. Thats all it is.(Al Pacino as Coach Tony Damato in Any Given Sunday, 1999) ​Parody of Exhortation in Stripes Were all very different people. Were not Watusi. Were not Spartans. Were Americans, with a capital.  A, huh? You know what that means? Do ya? That means that our forefathers were kicked out of every decent country in the world. We are the wretched refuse. Were the underdog. Were mutts! Heres proof: his nose is cold! But theres no animal thats more faithful, thats more loyal, more loveable than the mutt. Who saw Old Yeller? Who cried when Old Yeller got shot at the end? I cried my eyes out. So were all dogfaces, were all very, very different, but there is one thing that we all have in common: we were all stupid enough to enlist in the Army. Were mutants. Theres something wrong with us, something very, very wrong with us. Something seriously wrong with uswere soldiers. But were American soldiers! Weve been kicking ass for 200 years! Were ten and one. Now we dont have to worry about whether or not weve practiced. We dont have to worry about whether Captain Stillman wants to have us hung. All we have to do is to be the great American fighting soldier that is inside each one of us. Now do what I do, and say what I say. And make me proud.(Bill Murray as John Winger in Stripes, 1981)

Strategic Management Essays

Strategic Management Essays Strategic Management Essay Strategic Management Essay Essay Topic: The Glass Castle As the textbook say: The positive view of strategy is concerned with the firms actual strategy and how it comes to be. The normative view, on the other hand, is concerned with what the firms strategy should be. Positive view is actual exist but normative view is opinion based. . How do you assess innovative capabilities in a business or corporation. Innovation capabilities can be defined as the comprehensive set Of heartsickness of an organization that facilitate and support innovation strategies. Innovative capabilities exist at the business unit and corporate (multi business) levels. Business unit level audit: Timing of market entry. Technological leadership or fellowship. Scope of innovativeness. Rate of innovativeness. Five important categories of variables influence the innovation strategies of a business: Resources available for innovative activity Capacity to understand competitors strategies and industry evolution with respect to innovation Capacity to understand technological developments elevate to the business unit. Structural and cultural context of the business unit affecting internal entrepreneurial behavior. Strategic management capacity to deal with internal entrepreneurial initiatives. Corporate level audit: In general, corporate level innovate capabilities can be characterized in terms of: The scope and rate of development of new products and services and production and delivery systems that are derived from combining innovative capabilities across existing business units. The scope and rate of new business development based on corporate R and technology development efforts. The timing of entry with respect to the previous two. Five categories of variables are considered for the corporate level audit: Resource availability and allocation. Virgin offers two mobile broadband tariffs (see Table 1). Its launch offering was a standalone package of BOB for GOBI 5 per month. It was followed shortly afterwards by the launch of a bundle of fixed and mobile broadband services, priced at either KBPS or GOBI more than the fixed broadband service on its own. No further tariffs have been introduced. Table 1: Virgin Medias mobile broadband tariffs [Source: Analyses Mason, 2009] Tariff Price Standalone Bundled Bandwidth cap Excess charge Contact length GOBI 5 BOB GUPPY per MOB 18 months KBPS or GOBI addition to fixed broadband price KGB 12 months The lower price is available to subscribers of higher-speed fixed broadband services. Virgins standalone offering is not differentiated from the competition However, there is little to differentiate Virgin Medias standalone offering from the competition: it is almost identical to the tariffs of the Auks five Moos, including those of its host, T- Mobile. All five Moos charge no more than Virgin for the same package, at GOBI 5 per month (see Table 2), and have offerings that are superior in several ways. For example, T-Mobile does not levy excess charges on its subscribers, which Virgin and the other four operators do. This gives T-Mobile an advantage in winning subscribers who want to be able to predict the of the size of their bill. Most of the other operators also offer a choice of contract lengths and prepaid tariffs; Virgin offers neither. T-Mobile offers four contract lengths (including a rolling contract) as well as prepaid accounts; Hutchison 36 1-J and Avoidance offer three (and prepaid) and 02 offers two (and prepaid). Only Orange is the same as Virgin in offering no choice at all. Table 2: I-J operators standalone mobile broadband offerings [Source: Analyses Mason, 2009] Operator Contract types/lengths offered Prepaid Rolling 12-month 24-month (18-month contract) 8 GOBI 5. 00 Virgin Media Modem price Excess charges? Free Yes Hutchison G 9 02 GUPPY. 69 Orange GUPPY. 68 T-Mobile No Avoidance Note: Introductory discounts, where applicable, have been spread over the duration of the contract to enable comparison. 1 12-month contract. Avoidance does not offer a rolling contract, but it has a powerful alternative in the form of its prepaid deal, which offers subscribers credit that lasts for six months, as compared with the more common one-month expiry limit for prepaid credit. L For further details, see Wheaton, M. Moos should priorities prepaid mobile broadband offers over rolling monthly contracts, Analyses Mason (Cambridge, 2009). O Analyses Mason Limited 2009 3 Virgin (and Orange) are therefore unable to address two key market segments, which comprise users who are: ; unwilling to commit to a contract either because they are new to mobile broadband, or for other reasons unlikely to view a contract as good value for money because their usage will be low or irregular. Hutchison 36, T-Mobile and Avoidance are able to address the needs of these customers, whereas Virgin (and Orange) are likely to struggle.

Decision Modeling (Management Decision Models) 2 Assignment

Decision Modeling (Management Decision Models) 2 - Assignment Example Looking or preferring to deal or accept only one discipline may be detrimental to an individual’s worldly-wisdom (Munger & Kaufman, 2008). This is why he is against poetry professors who look at life from an unrealistic point of view. He considers them to be unwise, from a worldly point of view, which is a disastrous way to operate in the real world. Psychology may be the guide to understanding the manner in which things operate and function. According to Munger, it is impossible to be worldly-wise without psychology. When things happen around individuals, it is the role of psychology to help the individual identify this, and identify with the situation (Munger & Kaufman, 2008). If things are not happening, psychology also assists in enabling them to realize this, and adapt. Miscalculation can arise without the presence of psychology and this is why it is crucial to have it as a discipline in one’s arsenal (Mauboussin,

Otiz v. St. Peter's Case Study Term Paper Example | Topics and Well Written Essays - 1000 words

Otiz v. St. Peter's Case Study - Term Paper Example This will be helpful in warding off turf wars between services providers such as radiologists and cardiologists who may antagonize each other over the specialty that should be reading 64-slice CT angiograms and analyses. The corollary to this is that the partners must be sober when negotiating the contract. This vigilance will help maintain specificity in the scope of services more accurately. The scope should be accurate and broad enough to capture both ongoing and future services that are to be rendered. In this effect, it becomes obvious that Oltz was slighted since he had been delivering all his services. In this above wavelength, it is also important that the parties ensure that necessary resources needed to render the services are available. This will ward off the need to hire the services of a subspecialist, only a short while into the contract. It is also important that at this juncture, the vending company should negotiate with the healthcare institution on the right of first refusal. This will help protect the vendor’s exclusivity in its field of services delivery and specialty. It is most likely that Oltz was enjoying the right of first refusal and had ably been discharging his duties to the hospital until the physician anesthesiologists unfairly elbowed him out of operation. According to Devers (2003), the parties must also seriously moot termination issues. Termination issues are spelt in bond financing 501 (c) (3) and modify the terms, length and limits of an exclusive contract. Though the longest term of an exclusive contract is three years, the partners must ascertain whether the contract can be automatically renewed or not. In the event that this contract is nonrenewable, the partners will have to renegotiate on the contract’s expiry. St. Peter’s Community Hospital is culpable in this case since it neither considered the terms of the contract it had entered with Oltz, nor did it follow the contract termination process. Another important

Emerging Economy Of Russia Essay Example for Free

Emerging Economy Of Russia Essay Since Russia suffered the economic crisis in 1998, its economy has grown steadily. The growth has been attributed to investments, consumer demand, the prices of oil and cheap ruble. Since the financial crisis, Russia’s financial position has improved, with the poverty level declining and the middle class improving. The country has the third largest oil reserves in the world, thanks to the earnings from the oil exports, which have enabled it to increase the oil reserves. It also enjoys a bilateral market access agreement in partnership with the United States, with its companies involved in acquisitions and mergers at a global level in the oil, metals, telecom and the gas industries. (The economy of Russia, 2008) The aim of this essay is to describe what it has taken Russia for its economy to emerge to what it is today. Its also purposed to find out how its economy has benefited from globalization. The start of Russia’s economic growth Economics is one part of globalization, and it has been argued that it carries with it major changes in all walk of life. Anthony Gibbons said that, â€Å"globalization is an irresistible force, transforming all aspects of contemporary society, politics and the economy. † Howard says that many writers have expressed the hope that it eventually leads to the introduction of world wide western-style, democratic institutions and human rights. Concerning globalization in Russia, he says that it has had long ambient feelings about its place in the world. Russia focuses its attention towards Europe, Asia, and the Islamic world and at the same time is able to concentrate on its economy. It has been called a civilization of its own, as at times, it wants to be a civilization on its own and at others; wanting to be associated with the Western world. However, it’s clear that Russia has always wanted to be accepted in the civilized world. (Wiarda Howard J. , 2008) Howard continues to say that Russia was far behind the race for globalization. He gives these reasons as; first, that Russia did not possess the technical wherewithal to compete with countries like India, much less those in the EU of the United States. The second reason he gives is that since the collapse of communism in December1991, the country has been so destabilized and so chaotic that the idea of its being able to join the process of globalization was wishful thinking. He says that for the past twenty odd years, Moscow has had more important priorities. Its focus was on transition, from the old communist to a new, different, and for many years undefined political and economic system. The centre of a globalized economy took second, if not the fourth or fifth, or even a lower place in its priorities. (Wiarda Howard J. , 2008) Later on, the importance of globalization was realized in Russia. It was important, in that there was the hope of it bringing modern technology to the country. Bringing globalization to Russia was however a hard task, facing one problem after another, such as corruption, which made it expensive and hard to operate there. There was also no system of commercial laws and capitalist style work habits, both of which are necessary if a country expects to create modern, capitalist, multinational organizations and be competitive in a capitalist market. Not only did Russia have a little impact on globalization, but until recently, one could argue that the impact of globalization itself on Russia was minimal. The country was too weak and isolated, and besides that, cultural factors played a role. (Wiarda Howard J. , 2008) The role of the government in Russia’s economic growth When he came to power, Mikhail Gorbachev was convinced that he could revitalize the communist system-that it was not so much as the system, but bureaucratization and Stalinization that had put the country in a period of stagnation. However, Gorbachev’s efforts to invigorate the communist system ended in failure in December 1991, when the soviet’s union flag was lowered over the Kremlin to be replaced by the Russian tricolor. There was a short lived effort to create the â€Å"Commonwealth of Independent States. † (CIS) an organization that Moscow hoped would help keep the USSR together. Later on, it was realized that the CIS existed in name only, as the USSR evolved into fifteen different countries. This forced the Russian federation to go it alone. Vladmir Putin succeeded Gorbachev. He hoped to rebuild the country to the point where the rest of the world would take it seriously. He also wanted the country to have the kind of economic that other countries like India had with the United States. He made it clear that the change would be evolutionary and not revolutionary or cataclysmic as it had been before. He advocated for globalization, but only if it was in accordance to the Russian political culture. He also outlined a number of areas that he believed were important in the management of the countries economy and in the incorporation of globalization such as integrating the Russian economy into world economic structures and engaging in a battle against the economic crimes. Putin’s efforts to influence relations with other countries One of the major goals of Putin was to bring globalization to Russia. He was especially concerned in improving the relations of the country with the U. S. He made it clear that while there might be differences of opinion between the United States and Russia, he was prepared to talk. An example of efforts by the government leaders to improve relations with the U. S was the June, 2001 Foreign minister Igor Ivanov talks with the Bush administration. There were a series of exchanges between Kremlin and Washington, and the two men agreed to meet in Slovenia. The Ljubljana summit had a major, positive impact o the U. S-Russian relations, thanks largely to the personal ‘chemistry’ between the two men. Despite substantive differences, it was clear that the atmosphere between the two countries had improved. The best news however was on the issue of globalization, where President Bush announced that he would support Russia’s application to join the World Trade Organization (WTO), an action that would significantly increase Russia’s interdependence with the rest of the world. Putin put efforts to gain the trust of President Bush, as he would also lay an important role in marching Russia towards globalization. (Wiarda Howard J. , 2008) Trade in Russia After sixty years as an instrument of the state plan, trade in Russia has irrupted as one of the most volatile elements in the present economy and society. Caroline, in her book, â€Å"The unmaking of a soviet life† suggests that the post-soviet Russian economy is dominated by ‘merchant capital’ meaning that the enterprises seek profit from commerce rather than through the transformation of production. In the sphere of production, a lot of the old Soviet structure remains. What more is that the merchant capital does not evolve spontaneously into modern capitalism; rather, like the past alliance of merchant capital with feudal dominant classes, the present cliental links between Russian managers and organs of political power prevent the growth of autonomous bourgeoisie. (Humphrey Caroline, 2002) In Russia, many provinces cannot still balance their budgets. They rely on financial budgets from Moscow, meaning that very generally, money circulates through regional governmental budgets, only to certain parts of the population: key industries (power, transport), state employees (administrators, doctors, teachers), and state dependants (pensioners, invalids, war veterans). Successful traders reap this cash, giving rise to a number of support industries for the rich New Russians, as they are called, such as car-repair firms, security teams, and builders of their new houses. (Humphrey Caroline, 2002) In the historical long duration, Russian state policy towards trade has been characterized by autocratic, centralized control with a few temporary windows of quasi-free trade. Russia’s economic SWOT analysis Opportunities The World Trade Organization is an opportunity for Russia. As a member of the WTO, Russia would be in a better position to diversify and to expand its production and foreign trade. The bulk of international trade is determined by comparative advantage and trade in differentiated products, by economies of scale and by advantages in imperfect competition. Accessions to the membership in the WTO would require comprehensive commitments by the Russian government to reduce its tariffs and to provide greater market access to all of its regions. The implementation of the commitment in the medium term, prescribed by the WTO rules and regulations, would increase long-term economic flexibility within and among the international sectors. In general, the entry of Russia to the WTO would build a body of commercial law in Russia conforming to WTO standards and would foster interdependence between external and internal codes. Strengths Some of its strengths are that it is well endowed with scientists, engineers and mathematicians, as well as with a low cost and a highly motivated young labor force. The availability of such resources has been of importance in the development of Russia’s economy. Another strength of the Russian economy is the diversification of it economy, which has led to the growth of its international trade, and has made it possible to mitigate the impact of external cyclical and oil shocks. (Letiche John M. , 2007) Its massive and exploitable hydrocarbon reserves, precious metal deposits and potentially vibrant industrial base are of great importance in the growth of the Russian economy. Threats On the other hand, one of the threats to the Russian economy is the enlargement of the European Union. Although it seems to be an opportunity to the economy, Russia should not be too sure about it. There is evidence that the EU might be a threat without intending to be one. The problems have become obvious, by looking at the dependency, national identity, regional split and generally cost approaches. The EU has often been looked at by its members as a safe harbor important to reach, and this view proves to be problematic. Greece has been a victim of this, when its economic growth stagnated after joining the EU. Russia should realize that dependency, instead of cooperation is dangerous. Also, the enormous costs of the EU membership for the countries would probably endanger the economic growth of the countries. (Ledderhos Manja, 2007) Weaknesses The economy of Russia has been growing, although the growth rate has been slow. It is said that a growing economy is the best way to show the government’s effectiveness in leading the country. However, there is the danger of an obsession with the economic growth, leading to a neglect of the structural shifts and the quality of growth. An overdependence of Russia to its massive resources like oil and gas could create structural weaknesses within the economy as energy prices fluctuate like it happened in 1998. (Strengths and weaknesses, 2007) Conclusion There is no doubt that the Russian economy has undergone a big change, from the fall of communism in 1991 to the economic crisis in 1998 and the growing economy it is today. However, the government needs to watch the trends of the economic growth. The country has also welcomed globalization, hence the availability a bigger market for it products and more investment opportunities for the foreigners. This means that if the government would expose the economy more to globalization, then there would far greater markets for its oil, gas, metals and other resources. Other countries that have not had the opportunity to invest in the country would also do so. Finally, Russia should put more effort in pushing for their entry to the World Trade Organization as this will be of importance in boosting its trade opportunities with other countries. It would also result to a more or a faster growth of its economy. References 1) Humphrey Caroline, The unmaking of Soviet life: everyday economies after socialism, Cornell University Press, 20022) Ledderhos Manja, SWOT Analysis of Transition Countries in the Baltic Sea Region, GRIN Verlag, 2007, pg 17-18 3) Letiche John M. , Russia moves into the global economy, Routledge, 2007, pg 34 4) Strengths and weaknesses of the Russian economy, 3/1/2007, Russia in global affairs, retrieved on 4/1/2009 from http://eng. globalaffairs. ru/numbers/18/1090. html 5) The economy of Russia (Russia), Spain Exchange, retrieved on 4/1/2008 from http://www. spainexchange. com/guide/RU-economy. htm 6) Wiarda Howard J. , Globalization: universal trends, regional implications, UPNE, 2008