Managing Global Human Resources Essays - Expatriate, Human Migration

Managing Global Human Resources MANAGING GLOBAL HUMAN RESOURCES The environment in which business competes is rapidly becoming globalized. More and more companies are entering international markets by exporting their products overseas, building plants in other countries, and entering into alliances with foreign companies. Global competition is driving changes in organizations throughout the world. Companies are attempting to gain a competitive advantage, which can be provided by international expansion. Deciding whether to enter foreign markets and whether to develop plants or other facilities in other countries is no simple matter and many human resource issues surface. (Noe, Hollenbeck, Gerhart, and Wright; 534) Doing business globally requires that adaptations be made to reflect cultural and other factors that differ from country to country and from continent to continent. The nature and stability of political systems vary in character and stability, with contracts suddenly becoming unenforceable because of internal political factors. Human resource regulations and laws vary among countries in character and detail. In many countries in Western Europe, laws on labor unions and employment make it difficult to reduce the number of workers because required payments to ex-employees can be very high. Equal employment legislation exists to varying degrees. In some countries, laws address issues such as employment discrimination and sexual harassment. Cultural forces represent another important concern affecting international human resource management. Culture is composed of the societal forces affecting the values, beliefs, and actions of a distinct group of people. (Mathis Jackson, 171) Cultural differences certainly exist between nations, but also between countries. Getting individuals from different ethic or tribal backgrounds to work together may be very difficult in some parts of the world. Culture is important to human resources for two reasons. It determines the other factors ? political-legal, economic, and education-human capital factors. Culture affects human capital, because if education is greatly valued by culture, then members of the community try to increase their human capital. (Noe, Hollenbeck, Gerhart, and Wright; 537) Economic conditions vary also from country to country. Many lesser-developed nations are receptive to foreign investment in order to create jobs for their growing populations. In many developed countries, especially in Europe, unemployment has grown, but employment restrictions and wage levels remain high. The internationalization of U.S. corporations has grown than the internationalization of human resource management. International human resource management differs from domestic human resource management in several ways. In the first place, it places a greater emphasis on functions and activities such as relocation, orientation, and translation services to help employees adapt to a new and different environment outside their own country. Assistance with tax matters, baking, investment management, home rental while on assignment, and coordination of home visits is also usually provided by the human resource department. Larger corporations have a full-time staff of human resource managers devoted to assisting globalization. For example, McDonald's has a team of HR directors who travel around the world to help country managers stay updated on international concerns, policies, and programs. The human resource department in an overseas unit must be particularly responsive to the cultural, political, and legal environments. Companies such as Shell, Xerox, Levi Strauss, Digital, and Honeywell have made a special effort to create codes of conduct for employees throughout the world to make certain that standards of ethical and legal behavior are known and understood. (Sherman, Bohlander, and Snell; 633) A growing number of organizations that operate only within one country are recognizing that they must change and develop a more international perspective. Organizations may pass through three stages that are import-export (national) companies, multinational enterprises (MNE), and global organizations. National companies do not become global companies immediately. Involvement in international HRM depends greatly on a company's phase of globalization. Import-export firms. Firms in the first phase of globalization simply move products across national boundaries. The firm does not employ people in other countries, except a few managers responsible for negotiating business agreements. These agreements usually involve buying or selling complete products or services. Import-export firms need to understand their trading partners' cultures and usually must overcome communication barriers to negotiate agreements. Negotiations are usually done by expatriate representatives, but expatriates are not employed as extensively by import-export firms as by multinational enterprises. HR policies and practices remain relatively unchanged from the company's traditional home-base practices. (HR Magazine,06-01-1995) Multinational enterprises (MNEs). Firms in the second phase of globalization have strategic corporate units located in foreign countries. Part of the firm's goods or services may be produced in one country, then possibly moved to another country for additional assembly, and ultimately distributed to other countries where they are sold by employees of the firm. MNEs typically make extensive use of expatriate managers who are

Free sample - Cancer. translation missing

Cancer. CancerCancer can be defined as the abnormal growth of cells as they tend to grow rapidly in such a way that the growth cannot be controlled, in some cases this can spread throughout the body. Cancer is not a single disease but a group of many different and distinctive diseases. It has been found that cancer can involve any body tissue and in each area of the body it has many varied forms. Cancers are usually named according to the type of organ or cell in which they attack, such that even if it metastasizes, the evolving tumor assumes the same name as the primary tumor. Research has also shown that the frequency of a particular type of cancer may be determined by gender, for instance prostate cancer affects men while breast cancer affects women. Other cancers such as skin cancer and lung cancer are for both men and women. In the United States lung cancer has been found to be major cause of death for both men and women (Lasser, et al. 2006). It is of great significance for an individual to understand the causes of cancer, for instance, the risk behaviors and substances that can lead to acquisition of cancer. This is because most people indulge in behaviors that put them into vey high risk of developing cancer when they are not aware, such that if they are informed about the causes and dangers of cancer, there is a likelihood of quitting from the risk behaviors. Cancer can be caused by environmental exposure to mutagenic agents, geographical influences, particular lifestyle in a given population setup, and even the use of some drugs Crawshaw (2007). It has been found that certain occupations have been linked with higher risk of developing cancer. This is due to the exposure to mutagenic agents in the immediate environment. For instance, in the 18th century, there was an observation made in a British factory where bladder cancer affected all the men who were involved in distilling 2-napthylamine. In the chimney sweeps, the workers are exposed to coal and tar which brings about the development of scrotal cancer. Leather working, woodworking, and nickel refining have been associated with high risk of particular cancers due to persistent exposure to carcinogenic substances in the chemicals used. Mustard gas, which was used as a chemical warfare agent in the World War I, was found to be very dangerous as it was associated with increased risk of lung cancer and the various cancers along the respiratory tract. The mustard gas possesses mutagenic properties. Since the research showed that this gas was dangerous to the well being of huma n life, until today the gas is no longer in use as a chemical warfare agent. Therefore it is important to be aware of the substances that are associated with development of cancer and keep distance from the same (Pearlin, 1992).   Research carried out by Crawshaw (2007), has shown that particular cancers are common in different geographical regions around the world, for instance, among the Japanese men, the cancer of the stomach is 5 to 6 times higher due to the persistent consumption of foods which have undergone fermentation.   Among the American women, it has been found that breast cancer is about 20 times higher due to the American diet which contains high fat content, for example the pizza.   Among the Africans it has been found that liver cancer is about 10 times higher, and this is associated with increased frequency of Hepatitis B infection. Cancer of the may also develop due to aflatoxin compound which is a food contamination formed by fungi. The compound occurs mostly in grain stores within the tropical and subtropical areas due to high moisture content of grains.  Ã‚  Ã‚  Ã‚   The most common example of cancer that is frequent and fatal is lung cancer. Lung cancer can be caused by benzo[a]-pyrene compound which is one the most powerful carcinogens in humans. This compound is found in tobacco smoke which also contains tar. The tar in cigarettes comprises of both initiators and promoters, making it peculiarly dangerous. Alcohol is also dangerous to human life since it acts as a promoter of carcinogenesis just like asbestos does (Calle Kaaks, 2004). References Calle, E. E. Kaaks, R. (2004). Overweight, obesity and cancer: epidemiological evidence  Ã‚   and proposed mechanisms. Nature Reviews Cancer, 4: 579-591. Crawshaw, P. (October 2007). â€Å"Governing the Healthy Male Citizen: Men, masculinity and   Popular Health in â€Å"Men's Health.† Magazine of Social Science Medicine, Vol. 65,  Ã‚  Ã‚   no. 8; p. 1606-18. Lasser, K. E., et. al. (July 2006). â€Å"Access to Care, Health Status, and Health Disparities in   the United States and Canada: Results of a Cross-National Population-Based Survey.†Ã‚   American Journal of Public Health, Vol. 96(7); p. 1300-7. Pearlin, L., I. (1992). â€Å"Structure and Meaning in Medical Sociology† Journal of Health and Social Behavior, Vol. 33(1), p. 1-9.

Ap Compare Essay Essay Example for Free

Ap Compare Essay Essay AP Compare Essay During the 1450- 1800s, both the Spanish Empire and the Ottoman Empire were becoming powerful. Spain found the Americas while the Ottomans took over Constantinople. Both contained land which allowed Spain to focus on raw materials while the Ottoman Empire focused on expansion. Spain found the Americas which allowed Spain to find raw materials and help increase their economy. The Spanish was able to dominate other Empires because they found the Americas. On the other hand, the Ottoman Empire started to expand across the region because they were able to take over Constantinople. This allowed the Ottoman Empire to become one of the world powers. As soon as Spain found the Americas, they focused on grabbing raw materials because it would allow them to dominate the world economy. This also allowed Spain to become richer and powerful. However, as soon as the Ottoman Empire gained control over Constantinople, the Ottoman Empire knew they were able to expand their Empire because the Empire gained a lot of power which other countries were afraid of. Spain’s empire building process was focusing on a merchant empire because they wanted to dominate the economy; however, the Ottoman Empire’s building process as focusing on strengthening their military force. The Spanish lacked value as they focused on going to the Americas for almost everything like raw materials and natural resources. The Ottoman Empire government was corrupted which forced their military to maintain the Empire. Between the 1450- 1800s, both the Spanish and Ottoman were becoming the world’s powerful empire Spain and the Ottoman focused on different ideas, as Spain focused on merchant as Ottoman focused on strengthening military and expansion. Ap Compare Essay. (2018, Nov 02).

Main Development in American Literature, Art, and Culture Essay

Main Development in American Literature, Art, and Culture - Essay Example As the report declares over the period 1820 to 1860 there was strong advocacy for abolition of slavery in America. The print media was a strong tool used to highlight the evils of slavery among abolition activists. However, it was never going to be an easy task to convince most white Americans that slavery was wrong and immoral because it was so much engraved in the history of the country. There was key debate to ratify constitution to put an end to slavery. The abolitionist movement was boosted second great religious revival that swept across America. Other issues debated around this time involved equality, morality of slavery, welfare of slaves and the agrarian way of life perpetuated by slave trade. The period often referred to as antebellum era was also marked by condemnation and victimization of slave abolition activists like Garrison of the Liberator newsletter both from the south and north of America.From this paper it is clear that  the war of 1812 coincided with the remova l of Indians in the areas of Georgia and Alabama. But even before their removal could be complete, mass movements of immigrants started moving to the west mainly due to availability of cheap land and easy credit. First to arrive in the west included drifters and squatters.  Mass settlement in the west continued and by 1820 population in western states of Illinois, Ohio and Indiana had soured.  The westward flow was slowed down by financial panic in 1819.... The period often referred to as antebellum era was also marked by condemnation and victimization of slave abolition activists like Garrison of the Liberator newsletter both from the south and north of America. Outline significant developments in American westward expansion from the war of 1812 to the Mexican-American war. The war of 1812 coincided with the removal of Indians in the areas of Georgia and Alabama. But even before their removal could be complete, mass movements of immigrants started moving to the west mainly due to availability of cheap land and easy credit. First to arrive in the west included drifters and squatters. Mass settlement in the west continued and by 1820 population in western states of Illinois, Ohio and Indiana had soured. However, the westward flow was slowed down by financial panic in 1819. Road construction and the Erie Canal in 1825 shifted the direction of migration with Detroit, Cleveland and Chicago becoming major ports. The same expansion was also b eing witnessed in the southern gulf plains fuelled by excellent climate for cotton and availability of slavery (Billington and Ridge, 41-42). By 1824, Americans and Mexican used to live together in Texas. By 1836, some Texans wanted to be on their own and free from Mexico and wanted to make their own laws. As a result, the Republic of Texas was formed. However, General Santa Anna, the leader of Mexico did not want Texas to be independent and free resulting in massive killing in Alamo in San Antonio. This sparked retaliation from America with Mexico being overpowered and Texas become part of America (Raabe, 6). In your understanding of Francis Frederic’s life experience, what were the most revealing episodes and

Research Proposal Project Example | Topics and Well Written Essays - 1500 words

Project - Research Proposal Example Poster advertisement will then be carried out to ask those willing to participate to register with the research team after that they will be contacted directly through their phones and emails. Email contact will comprehensively explain the nature as well as the objective of the study. The research will involve human subjects, which necessitate the research team to have consent that will ensure that the subjects are protected from any physical or psychological harm during the research and willingly choose to participate. The following consent form will be used You are invited towards the participation in a research of determining whether lifestyle modification compared to Aspirin regimen in women aged 45-75 years decrease the risk of a heart attack. The research team hopes to establish whether modified lifestyle can serve better to decrease heart attack risk compared to taking pills on daily basis. The reason you were selected in the research is that you fit to undergo the processes outlined for the study. Note the participation in this research is voluntary and your decline to participate does not have any effects on your health or medical care. It is your decision to participate now, but can withdraw on your own will at any stage of the study without any loss of benefits regarding your entitled medical care. In case you accept to participate, the research director along with the team will change the diet table in each participant’s home. All participants will be subjected to an exercise of at least 2 hours a day during the active participation period. The purpose of changing the diet and exercises is to modify your lifestyle. If chosen to part of the control group, you will have your normal life with no changes to the diet or exercises. The research will have a number of professionals including 10 gym instructors who will help participants carry out exercises appropriately, 5 nurses

School uniform Essay Example for Free

School uniform Essay Imagine waking up every morning and going to school. You put on the same clothes that you were wearing yesterday and walk to school. You open the door to the school and see everyone, all wearing the same exact outfit as you. The dread feeling you get because you feel the same way as you did every day. That is what every day would be like if school had uniforms. I think that uniforms are a commitment, they don’t allow you to express yourself as freely, and they are boring. Parents have to go out of their way to find the right uniform and spend ridiculous money on buying them. Majority of parents won’t buy more than five uniforms. Every day when you get home from school, your parents have to wash your uniforms so you can wear them the next day. Parents might have better things to do than wash your clothes every afternoon after school just so you won’t be out of dress code. You are wearing the same dirty clothes over and over again while you have nice, clean clothes in your closet that you can’t wear to school. This is the biggest reason why school should not have uniform. Everyone knows when it comes picture day we want to pick out a perfect outfit to dress up and look real nice. But, you have to wear your uniform in the picture. I believe that uniforms are preventing Kids from expressing themselves through style, which is why schools shouldn’t have them. You might have a lot of clothes that say a lot on who you are as a person, but if you have to wear a uniform every day you can’t do that. Also, girls can’t use accessories to make their outfits more interesting. When you have to wear uniforms for school you can’t wear other things that aren’t part of the outfit. Not everyone has the same style. What happens to the kids that don’t like the uniform or how they fit? Having school uniforms don’t allow you to pick, choose and refuse to fit your style and comfort. If you have any of these problems you can’t fix them, because you have to wear the uniform for the whole year. Some might say it’s a good thing to have uniform because you don’t have other groups of people criticizing what you wear or make fun of you. Also no one has to worry about how expensive or where you buy your uniforms from. But, have you ever walked into the cafeteria in the morning and you couldn’t find you friends. You never mix it up with new and exciting clothes for school. Every student just keeps wearing their uniform day after day. It would be hard to find your friends. You can’t see your friends and they are in uniforms so, they could be anywhere! Without uniforms, people can easily locate their friends by the clothes they wear. So, I think that uniforms are a very big commitment, they don’t allow students to express themselves, and they are boring. All of these are reasons why I strongly believe that schools shouldn’t require students to wear uniforms. It would just cause more problems for students and their parents.

insulting :: essays research papers

Luis A.Galindo LÃ ³pez. Has insulting become a habit? Nowadays the use of swear-words has become a normal form of speech among population, and probably even more extensive among teenagers. The reasons why insulting is so widespread in modern society may range substantially amongst the different social groups in which society is stratified. It is clear that nowadays insulting might seem to be more natural than some decades before, but this fact becomes very clear once we take into account the evolution concerned to freedom of speech. This aspect does not mean that insulting is something new in today’s culture; using swear words in our daily speech is as ancient as life itself, but because of the abovementioned freedom of speech, we are used to hearing or reading this part of our vocabulary in any circumstance, whether on television or on radio or on any situation. One of the main means for the use and, consequently, for the learning of these words is television. It is almost impossible not to watch a film or a television program i n which a swear word is not mentioned. It is on television where people learn not only the meaning of swear words but also the situation in which has to, or might, be used. A very different aspect is to try to analyse whether insulting has become a habit in our society or just a mean of showing different emotions before a particular situation. Insulting is not just using words with more or less strength in their meaning, but it also implies a deliberate increase in the tone of the utterance. By intensifying the tone of our speech when we insult means an attempt to let clear the seriousness of our intimidation or threaten. To affirm that insulting has turned out to be a habit in the

Case Marriot and Flinder Valves Essay

1. Why is Marriott’s CFO proposing the Project Chariot? To improve the financial performance of the firm, by re-structuring the company in two separating activities to distinguish those that require a large fixed assets (Real estates ownership) and those with relative low amount of assets (Management services and others). By dividing in this way, the large amount of debt will go with the real estates ownership called Host Marriott Corp. (HMC), whereas the rest of activities will go to Marriott International (MII). Doing so, the value of the 2 firms combined will exceed this year’s book value, according to expectations (see appendix 1). 2. Is the proposed restructuring consistent with management’s responsibilities? It is, as it clearly separate the activities and focus on management services rather than owning the hotels. Furthermore, it improves the cash flows from the existing structure (see appendix 1), this improvement will allow HMC to meet its debt responsibilities ( a total cash flow projected of $771 million in 1992 versus $478 million in 1991. The DCF in HMC assuming a worst case scenario will exceed current value of the firm’s assets $5,218 million versus $4,600 million, which indicates that the firm will improve as its assets will appreciate. 3. The case describes two conceptions of managers’ fiduciary duty (page 9). Which do you favor: the shareholder conception or the corporate conception? Does your stance make a difference in this case? We agree upon favoring the shareholder conception, as this provides an improvement on cash flows, as this condition is met, other financial gaps can be covered, plus it revalues the total firm based upon the expected cash flows. In this particular case, by having this improvement on cash flow, debt responsibilities can be covered inside HMC or by using the line of credit guaranteed by MII. On regards of the bondholders, the option is to increase the return as bonds will reduce the grade to junk bonds, for the calculation on DCF we assume a return of 10.81 assuming the highest risk for bonds. This action will compensate bondholders for the action. 4. Should Mr. Marriott recommend the proposed restructuring to the board? Yes, as it increase the value of the combined firms, focus activities per company and provides better cash flows.

Corporate Risk Management Essay

Risk refers to the uncertainty that surrounds future events and outcomes. It is the expression of the likelihood and impact of an event with the potential to influence the achievement of an organization’s objectives. Risk management is a systematic approach to setting the best course of action under uncertainty by identifying, assessing, understanding, acting on and communicating risk issues. The Corporate Risk Management framework is a systematic, integrated approach with a focus on managing financial risks to enhance shareholder value. The Corporate Risk Management processes are indentification of the risk, measurement , policy, process and execution. Those processes are utilised by corporate enterprises to manage the risk of fortuitous loss. Once corporate risks have been identified and their impact on the firm measured, risk management attempts to control the size and frequency of loss, and to finance those fortuitous losses which do occur. Those are the main definition about the subject, which are to be discussed in this document. Risk Management is an ongoing activity and should be carried out as a part of day-to-day business. The management of risk can only take place within an organisational framework that is inclusive of all parts of the corporate infrastructure. Without this framework, risks cannot be efectivelly discussed, communicated, compared and managed in a coherent way across the whole organisation. Risk should be a feature of any management discussion of any uncertain circumstances including new initiatives of any kind and the implementation of significant projects Risk management deals with insurable and with uninsurable risks and is an approach which involves a formal orderly process for systematically identyfying, analysing and responding to risk events throughout the life of a project to obtain the optimum or acceptable degree of risk elimination or control. Risk management is an essential part of the project and business planning cycle which requires acceptance that uncertainty exists, generates a structured response to risk in terms of alternative plans, solutions and contingencies ,is a thinking process requiring imagination and ingenuity and generates a realistic attitude in an investment for staff by preparing them for risk events rather than being taken by surprise when they arrive. Risk management involves identifying risks, predicting how probable they are and how serious they might become, deciding what to do about them and implementing these decisions. Corporates finance is the specific area dealing the financial decisions corporations make and the tools and techniques used to make the decisions. Categories of corporate financial decision making are : objectives of investment decision, financial decision and financial techniques. Corporates need a more advanced risk management approach in order to benefit from a competitive advantage from strategic risk management. They should manage risks proactively via an integrated approach with a focus on measurable financial risks. Quantitative techniques, such as cash flow-at-risk and earnings-at-risk, are necessary to look at the combined effect of risks on the formulated business objectives. Identification of risks, analysis of implications, response to minimise the risk and allocation of the contigencies are part of the process of managing the corporate risk. The objective to managing the corporate risk is to understand the risk that is known to be associated with the corporate strategy plan. This corporate risk management plan will enable the communication of the risks and risk treatments to be passed down to the strategic business units that may be impacted by the risk and maintenance of the corporate risk register. Altough risks are evaluated at the corporate level, the power they maintain over governments and consumers is phenomenal. Corporate risk startegy often implies planned actions to respond to identified risks. A typical corporate risk strategy includes the following: * accountabilities for managing the corporate risk. * A corporate risk register will be maintained as a record of the known risks to the corporate strategy plan; the types of mitigating action recorded. * Treatment plans are identified that form part of the corporate strategy and will be communicated to the SBUs, so they in turn may manage the risk which may affect them. A first estimate of potential effects can be determined using assumption analysis, decision tree analysis and the range method. These models can then be used to evaluate the effectiveness of potential mitigating actions and hence select the optimum response. Mitigating actions can be grouped into four categories and potential action : * Risk avoidance * Risk reduction * Risk transfer * Risk retention Corporate management, often referred to as corporate strategy, is concerned with ensuring corporate survival and increasing its value not just in financial terms but also by variables such as market share, reputation and brand perceptions. Thus the scope of corporate risk management is wide ranged to support the corporate strategy. A senior corporate manager owns the process and has the staff to resource the analysis and administrative activities. A board member champions the process ensuring access to information and resources. A core group of corporate broad members and strategic business unit executives can draw additional input from stakeholders such as shareholder representatives, representatives from major customers, partners and suppliers and external experts. At the corporate level a corporate strategy plan is often produced. The plan objectives are: * Create and maintain a strategy that achieves the corporate intent, corporate commitments and expectations of the customers, shareholders and other stakeholders. * Incorporate and maintain the commitments and the requirements of business sectors, specifically strategic business units and process owners that support the strategic direction. * Communicate the strategic direction and relevant objectives and target to each strategic business unit. * Manage strategic change to maintain or gain competitive advantage. The risk management process can be viewed as the application of traditional management techniques to a particular problem. Risk management is a continous loop rather than a linear process so that, as an investment or project processes, a cycle of identification, analysis, control and reporting of risks is continuously undertaken. Steps in the risk management process include: * setting risk-return goals, * identification and evaluation of the causes of potential expense or revenue fluctuation, * choice and balance of loss control and loss finance tools, and * implementation, monitoring and review. There are many opinions about those processes. For example Chapman and Ward believe that there are eight phases in the risk management process. Each phases is associated with broadly defined deliverabe, and each deliverable is discussed in terms of its purpose and the tasks required to produce it. Phases and deliverable structures: * Define : the purpose of this phase is to consolidate any relevant existing information about the project, and to fill in any gaps uncovered in the consolidation process. * Focus : the purpose of this phase is to look for and develop a strategic plan for the risk management process, and to plan the risk management process at an operational level. * Identify : the purpose of this phase is to identify where risk may arise, to identify what might be done about the risk in proactive and reactive terms, and to identify what might go wrong with the responses. Here, all the risks and responses should be identified, with threats and opportunitiess classified, characterised, documented, veified and reported. * Structure : the purpose of this phase is to test the simplified assumptions, and to provide a more complex structure when appropriate. Benefits here include a clear understanding of the implications of any important simplifying assumptions about relationships between risks, responses and base plan activities. * Ownership : at this phase client/contractor allocation of ownership and management of risk and responses occur, such as the allocation of client risks to named individuals, and the approval of contractor allocations. Here, clear ownership and allocations arise; the allocations are effectively and efficiently defined and legally enforceable in practice where appropriate. * Estimate : this phase identifies areas of clear significant uncertainty and areas of possible significant uncertainty. This acts as a basis for understanding which risks and responses are important. * Evaluate : at this stage synthesis and evaluation of the results of the estimation phase occurs. Diagnosis of all important difficulties and comparative analysis of the implication of responses to these difficulties should take place, together with specific deliverables like a prioritised list of risks or a comparison of the base plan and contingency plans with possible difficulties and revised plans. * Plan : at this pase the project plan is ready for implementation. The main processes involved in project risk management are: * risk identification, risk quantification and analysis, * risk response, selection of risk response options, * outputs from the risk response process, * outputs from the risk response process, * risk management within the project life cycle, * the tasks and benefits of risk management, * the beneficiares of risk management. Risk identification consists of determining which risks are likely to affect the project and documenting the characteristics of each one. Risk identification should adress both the internal and the external risks. The primary sources of risk which have the potential to cause a major effect on the project should also be determined and classified according to their impact on project cost, time schedules and project objectives. Inputs and outputs of the Risk Identification Process . Inputs to risk identification are given as product or service description; other planning outputs (work breakdown structure, cost and time estimates, specification requirements) historical information. Outputs to risk identification are sources of risk; potential risk events; risk symptoms; imputs to other processes. After identification risks should be ’validated’, for instance, the information on which they are based and the accuracy of the description of their characteristics should be checked. The purpose of risk identification is to identify and the project or service components, the inherent risks in the project or service, to capture the most significant participants in risk management and to provide the basis for subsequent management, to stabilise the groundwork by providing all the necessary information to conduct risk analysis. Risk quantification and analysis involves evaluating risks and risk interactions to assess the range of possible outcomes. It is primarily concerned with determing which risk events warrant a response. A number of tools and techniques are available for the use of risk analysis and quantification and the analysis process. Risk response involves defining enhancement steps for opportunities and responses to threats. Â  Risk avoidance involves the removal of a particular threat. This may be either by eliminating the source of the risk within a project or by avoiding projects or business entities which have exposure to the risk. Since the significance of a risk is related to both its probability of occurence and its effect on the project outcome if it does occur, risk reduction may involve either lowering its probability or lessening its impact ( or both ). Projects may be seen as investment packages with associated risks and returns. Since a typical project or business involves numerous stakeholders, it follows that each should ’own’ a proportion of the risk available in order to elicit a return. Basically, risk transfer is the process of transferring risk to another participant in the project. Transferring risk does not eliminate or reduce the criticality of the risk, but merely leaves it for others to bear the risk. Risk Retention .Risks may be retained intentionally or unintentionally. The latter occurs as a result of failure of either or both of the first two phases of the risk management process, these being risk identification and risk analysis. If a risk is not identified or if its potential consequences are underestimated, then the organisation is unlikely to avoid or reduce it consciously or transfer it adequately. Corporate risk refers to the liabilities and dangers that a corporation faces. Risk management is a set of procedures that minimizes risks and costs for businesses. The job of a corporate risk management department is to identify potential sources of trouble, analyze them, and take the necessary steps to prevent losses There are several steps in any risk management process. The department must identify and measure the exposure to loss, select alternatives to that loss, implement a solution, and monitor the results of their solution. The goal of a risk management team is to protect and ultimately enhance the value of a company. With corporations, financial risks are the biggest concern. Just as with standard insurance policies for physical damage, some financial risks can be transferred to other parties. Derivatives are the primary way that corporate risk is transferred. A derivative is a financial contract that has a value based on, or derived from, something else. These other things can be stocks and commodities, interest and exchange rates or even the weather when applicable. The three main types of derivatives that corporate riskmanagers use are futures, options, and swaps. Corporate risk is especially prominent during difficult times in the economy. Risk management teams will take less chances when the economy is less forgiving. They will do everything necessary to avoid additional risks, which in some cases can contribute to a decrease in credit availability and less overall spending. * Corporate Risk Management ,second edition, Tony Merna & Faisal Thani 2008 * Analysis & Evaluation,second edition, Neil Cowan 2005 * http://www.decs.sa.gov.au/docs/documents/1/DecsRiskManagementFramewo.pdf * http://www.wisegeek.com/what-is-corporate-risk.htm

Free Essays on Nature Vs. Nurture Debate

Human behaviour can be understood as learned rather than directed by innate, biological drives. Discuss. In regards to the above statement, sociologist challenge the belief that human behaviour is determined by biological drives (nature) and that this is some how instinctive. The general area of focus for sociologists is social experiences (nurture), and how these experiences direct the shaping of the human identity and behaviour. This is going to analyse the extent to which sociologists see biology determining behaviour, or whether or not human behaviour is learnt, through the life-long process of socialisation. This will also take a look at a case study of a non - socialised infant. This will bring up some very interesting and complex questions. The extent to which sociologists see behaviour being determined by biology is questioned. Although they do recognise that biology does determine such things as: Biological sex - the individuals ‘sex’, male or female (genitalia). Physical characteristics - hair, skin, or eye colour, height and weight. Ageing process - physical changes that are associated with ageing. All of the above are inherited from the parents genes, and can usually be visibly seen. It is true to say that physical appearance is the only non-grey area discussed, because of there clear inheritance through these genes, so sociologists do not and can not deny these. are such things as drinking, sleeping or resting, taking shelter (e.g. keeping warm or cool), to urinate or defecate. These are seen as a need, not as an instinct, as how, when and where we do these things is dependent on the culture in which we live. Giddens (1998) states that ’instinct is a complex pattern of behaviour that is genetically determined‘. In everyday language, we use the term instinctively to talk about a common reflex. Example, if someone was to throw a plate at you, you would move out of the w... Free Essays on Nature Vs. Nurture Debate Free Essays on Nature Vs. Nurture Debate Human behaviour can be understood as learned rather than directed by innate, biological drives. Discuss. In regards to the above statement, sociologist challenge the belief that human behaviour is determined by biological drives (nature) and that this is some how instinctive. The general area of focus for sociologists is social experiences (nurture), and how these experiences direct the shaping of the human identity and behaviour. This is going to analyse the extent to which sociologists see biology determining behaviour, or whether or not human behaviour is learnt, through the life-long process of socialisation. This will also take a look at a case study of a non - socialised infant. This will bring up some very interesting and complex questions. The extent to which sociologists see behaviour being determined by biology is questioned. Although they do recognise that biology does determine such things as: Biological sex - the individuals ‘sex’, male or female (genitalia). Physical characteristics - hair, skin, or eye colour, height and weight. Ageing process - physical changes that are associated with ageing. All of the above are inherited from the parents genes, and can usually be visibly seen. It is true to say that physical appearance is the only non-grey area discussed, because of there clear inheritance through these genes, so sociologists do not and can not deny these. are such things as drinking, sleeping or resting, taking shelter (e.g. keeping warm or cool), to urinate or defecate. These are seen as a need, not as an instinct, as how, when and where we do these things is dependent on the culture in which we live. Giddens (1998) states that ’instinct is a complex pattern of behaviour that is genetically determined‘. In everyday language, we use the term instinctively to talk about a common reflex. Example, if someone was to throw a plate at you, you would move out of the w...

Describe two companies Essay Example | Topics and Well Written Essays - 500 words

Describe two companies - Essay Example Some of these competitors include: Metro Inc, Lablaw Brands Limited, Canada Safeway Limited and Ultima Foods Inc (Data Monitor, 2010). Empire Company Limited enjoys a strong industry position in the groceries and food distribution sector. For the financial year ending April 2009, the company was able to record revenue outcme of $256.1 million. This was an increase of approximately 6.8%. The increase was a major feat for the company considering the fact that other companies in the industry were struggling to stay afloat amid the financial crisis that was ongoing at the time. However, the company’s $4.7 million net profit was a dropped of 15.8% compared to the previous year (Newswire, 2010). Despite the fall in profits, the company still managed to beat most of its competitor’s in both net revenue and profit (Data Monitor, 2010). Companies are normally affected by changes which occur from time to time. In the case of Empire Company Limited, the major changes occurred in 2007 when Sobey’s was purchased by Empire Company Limited, making it a private entity. The retail grocery and food distribution industry in Canada is changing to accommodate the needs of the customer. To avoid being left behind, the empire Company Limited has put in place measures that will ensure that its future as a market leader is intact. It has enhanced its liquid investment portfolio to ensure that it achieves maximum yield and growth outcomes (Newswire, 2010). The company’s future goals for its food retail business are to enhance workforce management in a bid to improve store productivity. Based in Montreal, Canada, Metro Inc is one of the major public food retailers in the country. The company operates in the provinces of Ontario and Quebec, where it is the second largest food retailer after Loblaw Companies Limited. In Quebec the company operates 243 stores and 135 in Ontario. The company also operates

Organisational Change in Dell Incorporated Research Paper

Organisational Change in Dell Incorporated - Research Paper Example Its main feature is the utilization of total quality management (TQM) approach, highly flexible and motivated workforce, Just-in-Time (JIT) manufacturing philosophy, and the pursuit of satisfying customers at a global level. The introduction of the WCM system in Dell represents one of the major organizational changes in the history of the company. Currently, Dell is recognized for this unique business model which is very much different from the ones used by our competitors. This organizational change can be best described by the Total Quality Management and Lean Manufacturing Models. Consistent with the goal of a world-class manufacturer, TQM denotes a set of management practices within the organization which is implemented to ensure the quality of products and services offered. The primary goal of TQM is the production of commodities which consistently meets or even exceeds customer requirements. With Dell, this means the emphasis on process measurement and controls to pursue continuous improvement. However, TQM does not just involve the production system or processes of the company but embraces the whole operation of a manufacturing business. Implementing TQM involves modifying the whole organization as it has a strong bearing on the culture, attitude, and organization of the company. TQM culture requires the unmatched quality in all aspects of the company's operations with things being done right the first time, and defects and waste eradicated from operations. Important aspects of TQM include customer-driven quality, top management leadership and commitment, continuous improvement, fast response, actions based on facts, employee participation, and a TQM culture. On the other hand, Dell also put in place the Just-in-Time (JIT) manufacturing philosophy from Japan. This concept is attributed to automaker Toyota. JIT is consistent with the lean manufacturing philosophy of producing the necessary units, in the necessary quantities at the necessary time with the required quality. JIT is a lean manufacturing system which became an innovative approach for Dell to achieve excellence in the reduction or the total elimination of "wastes" which includes overproduction, unneeded inventory, defective products, and transport and waiting time. Thus, the JIT philosophy is an elimination of non-value adding activities in the company's supply chain to boost manufacturing efficiency, driving down cost, and ensuring maximum customer satisfaction by driving down prices of commodities. The shift to a leaner manufacturing system which prioritizes the elimination of the "wastes" in production necessitated the installation of the following essential elements and features to the manufacturing system: regular meetings of the workforce to discuss the company's practices, confront and solve problems; emphasis on consultation and cooperation (i.e. involving the workforce) rather than confrontation; modification of machinery to reduce setup time; reduction of buffer stock, exposition of problems, reveal bad practices; and elimination of the security blanket of stock. In order to show how the new manufacturing system supported by the principled of TQM and lean manufacturing works, we will look at the supply chain of Dell. Â