South African Financial Industry Free Essays

Non-customary members keep on forcefully investigate income openings offered by the South African financial industry. The expanded market dangers, exceptionally serious and consistently changing condition has prompted Strategy (2017) to allude to it as â€Å"a commercial center with no boundaries†. Figure 1 beneath, shows how the South African money related industry has advanced into the present state from a little more than 10 years back. We will compose a custom exposition test on South African Financial Industry or then again any comparative point just for you Request Now Nature is described by extraordinary rivalry, globalization, elevated client portability and request and deregulation (Bedeley, 2014; The Banking Association South Africa, 2014). Progressions of advanced arrangements has been the key empowering agent for the non-conventional members to re-shape their incentive and attempt into the financial market. This has brought about engaged worldwide clients (Somal, 2017). To battle the expanding dangers and beat the new participants, conventional banks keep on searching out computerized transformational systems (Bedeley, 2014; Somal, 2017; Strategy, 2017). To South African conventional banks, the additionally undermining challenge is client maintenance over fascination (Bedeley, 2014). They secure immense client information from the huge piece of the overall industry apparent in the subsequent passage. This information keeps on rising at a disturbing rate, because of expanded market shared, expanded client base and advancement (Bedeley, 2014). The South African Banks have the chance to grow more client driven methodologies to react to the abundance of information close by. The key lies with making an interpretation of this client information into knowledge to improve associations with existing clients. Alluded to, in the cutting edge age, as information investigation. Information assortment and examination should be an essential piece of business procedure (Somal, 2017). Information investigation delineates what has changed, and how to react to it (McKinseyCompany, 2018; SAS, 2018). This suggests the information catch, stockpiling, handling and breaking down methodologies must utilize the advancements accessible to take up the difficulties conceived from the information flood (Bedeley, 2014). Reaping information and searching for examples and inconsistencies to give knowledge lead to better business dynamic and results. This isn't constrained to, yet incorporates, lessens operational costs, business chance investigation, decreased business vulnerability, customer conduct expectations, and guide more intelligent systems to upgrade current contributions or grow new ones (Bedeley, 2014; EY,2017; Stringfellow, 2014). Gathering and breaking down client information is certifiably not another pattern, the test is putting away huge measures of information, be that as it may, new advances have eased that obligation (Forrester, 2018; TDWI, 2011). Associations that embrace information examination outperform their opposition by 5% in efficiency, and 6% in productivity (EY, 2017; Stringfellow, 2014). As indicated by EY (2017), by 2020, every person will produce 1.7 megabytes of new data every second. Also, in the previous two years, individuals have created more data throughout the entire existence of mankind. Viable inner and outer information the board awards associations the readiness to distinguish openings and dangers (e.g., responding to new items or administrations of contenders); getting a handle on potential chances (e.g., venturing into new markets), and remaining above water in a market while having upper hand (e.g., computerized procedures to convey proficient items or administrations) (Cã'rte-Real, Oliveira Ruivo, 2017; Bedeley, 2014; EY, 2017; McKinseyCompany, 2018). Understanding the South African Market This area intends to place into viewpoint the present market that South African banks serve. In 2017, 80.1% of South Africans lived in formal residences, 16.5% in casual homes, and 5.5% in customary homes (StatsSA, 2017). As per a report by Standard Bank (as refered to by BusinessTech, 2014), the most unfortunate of the family units in South Africa represent 62.3%, with individuals who win a joined salary of R7, 167 every month. White collar class family units, acquiring from R86, 001 to R1.48 million for every annum, represent 26.4%. Prosperous family units represent 0.4%, with a pay of more than R2.36 million every year. The certified receipts, just 5.5% of family units conceivably have the ability to spare every month; Furthermore, the princely families have a 65% sparing capacity every long stretch of their salary after-charge. The poor family units contribute 11.2% to the country’s salary, the working class contribute a sum of 64.6%, while the well-off contributes 22.6%. This report features the seriousness of imbalance in South Africa, while on the other side features development in the white collar class (BusinessTech, 2016). Businesslive (2017) states, in the final quarter of 2016, there were 24.31-million credit purchasers in South Africa, which is 8 million more than the utilized South African populace; Moreover, two out of each five credit-dynamic buyers have a disabled record, which is 40% of the 24.31-million credit-dynamic buyers; However, other obligation including advance sharks obligation were excluded. In 2015, the World Bank report, proclaimed South Africans as the world’s biggest account holders (Businesslive, 2017).? Costumer Satisfaction Index for the South African Banking Industry In the final quarter of 2017, Consulta discharged a Customer Satisfaction Index (SAcsi) for the South African financial industry. This fulfillment list depends on brands surpassing or missing the mark regarding client desires, and the respondents’ thought of the perfect item to accomplish a general outcome out of 100 (Consulta, 2017). The report uncovers the level of fulfillment of South Africans with their banks. Overview members included 13,099 bank clients across different sections chose at haphazardly (Consulta, 2017). The table underneath shows the year-on-year SAcsi scores for the South African conventional banks from the year 2017 till 2017. Absa shows a decrease in the previous three years, dropping from 74.8 in 2014 to 73.3 in 2017, bringing about acquiring the base situation among the banks remembered for the benchmark. Standard bank recently held the last position, be that as it may, made a recuperation with a generous 3.3% expansion in 2017 from the earlier year. Nedbank experienced a 0.9% in 2017 the earlier year, 2016 77%, getting a 76.3% moving it to beneath the business normal of 77%. FNB got a 0.4% abatement in 2017 from the earlier year, 2016 81.3%, however stays over the business normal. Capitec clients have remained the most fulfilled for past five successive years. The 2017 Capitec score was 85.3%, 8.3% over the general business normal. Hole Withing the South African Banking Industry Regarding Data Analysis Banks are just utilizing a bit of the client information that is accessible to them to create understanding to streamline current contributions. The explanations behind the low knowledge is storehouses and authoritative structures, aptitudes and ability holes, information protection, administrative and lawful system or moral issues and significant expenses related to information investigation procedures (Somal, 2017). This keeps them from reacting to changing client needs; subsequently, prompts botched income chances. By organizing information examination to a key part to every day dynamic, South African Banks can be prepared to incorporate information from the various sources and create answers for better serve their clients, which will convey important advantages (Strategy;, 2017). The result of this segment recommends that with information investigation South African banks can give business esteem by encouraging the obtaining of flexibly chain and promoting information (Cã'rte-Real et al., 2017). That mean the correct individual offered the correct item on the correct gadget at the perfect time (Bedeley, 2014). Since banks have so much information accessible with the fundamental dissecting devices, they have a half possibility of holding a client that is going to leave (Somal, 2017). Segment three structures the basics of the examination of this paper. The area starts with the utilization of knowledge bridled from client information examination to upgrade client experience by looking into firmly related writing; and afterward concedes genuinely necessary detail on the information required for this goals; how it will be gathered from various sources to construct better models and increase progressively noteworthy bits of knowledge; improved to produce the correct outcomes and abstain from making off base ends; and dissected for better dynamic. The area closes by introducing some key difficulties and advantages of information examination. The most effective method to refer to South African Financial Industry, Papers

buy custom Conducting an Oral History essay

purchase custom Conducting an Oral History exposition Because of the craving to become familiar with American history, Oral Interviews end up being the best method of removing data. In addition to the fact that it yielded more than was required I had the chance to look for explanation on verifiable connection between the American culture and the developing populace. This depended on current issues according to the developing economy and business. The fundamental exercises scholarly were on Mexico-United States movement. This paper gives an understanding into the real oral meeting. Towards building up an expansive comprehension concerning American issues like current undertakings and recorded associations, impacts of migration on present day American history, and American life and culture, it is critical to complete an oral meeting. The oral history meet in this report is improved with the aim to look at American history from a wide point of view. With this understanding, this report precisely presents an itemized oral meeting concerning issues of America. The name of the interviewee is James and he is matured seventy five years, with huge experience regarding the matter of the previously mentioned American issues. This clarifies the best explanation regarding why James is picked over others. The report includes various kinds of inquiries posed to the interviewee, the sort of answers gave, experience picked up from the meeting, and new things learnt regarding the matter of history as a rule and concerning the interviewee specifically. Sort of Questions Asked in the Interview In some random meeting, preparation the interviewee according to the topic is constantly basic; as this opens courses through seeing each other is upgraded. In this situation, instructions James the interviewee about the task on history course is the principal thing before starting on the inquiries. In the wake of making a revelation to the interviewee, the essential inquiries posed rotate around issues identifying with American history. For example, the general discussion in the meeting concerns how the interviewee life was during his adolescence and concerning where he was during the event of these American occasions (Baker, 2008). This is notwithstanding, scrutinizing the interviewee his considerations relating to the above American notable occasions that he survived. The essential inquiries in this meeting identify with the impacts of movement on present day American history, and American life and culture. For example, what are the ffects of migration on present day American History (Davidson, 2006)? How does the American life and culture identify with the issue of migration? The above inquiries are posed to the interviewee in an amiable language, so as to give him opportunity to react to the compactly. Kind of Answers Provided in the Interview In the wake of having a profound discussion with the interviewee, different answers in regards to the above posed inquiry and which identify with the American history are given in a rationale way. As indicated by the gave answers, unmistakably American current undertakings and verifiable associations are contributing components coming about to significant improvements in the nation these days. For example, a portion of the gave answer identifying with the subject on impacts of movement on present day American history obviously edify on how migration is influencing the economy of the United States (Davidson, 2006). From the meeting, I noticed that a portion of the impacts of migration on present day history of America identify with issues relating to the economy and work. The appropriate responses show that the impacts of migration and the United States economy are to a great extent ordered as a subject of discussion, as this is straightforwardly connections to the economy and governmental issues of the country. It is very justifiable as indicated by the appropriate responses of the meeting that the impacts of migration contribute both contrarily and emphatically in the development of United States economy (Rush, 2007). Too, American life and culture characterizes the manner by which the transients relate with the locals. Exercise Learnt from the Experience of the meeting Meetings give most amazing opportunities to picking up experience concerning different subjects. From this meeting, I discovered that a portion of the present issues in the American history have a fundamental association with notable undertakings. For example, the issue relating to the economy is a present issue in the administration of the U.S. Be that as it may, a similar issue follows back to the hour of outsiders and colonization. This is an unmistakable sign that, the nearness of a developing economy is because of the event of settlers throughout the entire existence of the United States. The way that outsiders give work to low wages is a purpose behind a developing economy in the United States. It is very clear that history assumes a pivotal job in deciding how the future will resemble. In this way, American history of workers is a deciding variable of the economy of the country. New Things Learnt Conncerning History and the Interviewee From this meeting, unmistakably migration is a term characterizing the development of occupants into a given zone. This is the presentation of new individuals into a given new populace; subsequently the strategy happens because of a few variables. The United States is a significant goal for person migration. The US-Mexico stays a most loved improvement as it isolates people living in a rich and a creating nation (Baker, 2008). The difficulty of migration stays important with Mexicans crossing the outskirt in search for greener fields and too carry drugs into the well off state. The Mexico - United States Border has an exceptionally broad record. Monetary development in the United States saw Mexico slack at the back, thus bringing about financial contrasts. Mexico stays unsavory for sedate assembling and pirating and the presence of a set market and employment risks in the United States augments the scope of the trouble (Davidson, 2006). Differing motion pictures and original copies are composed demonstrating how the outskirt keeps on influencing the lives of an individual living on the two sides. The making of the boundary appears to be fundamental to limit with illicit movement and sneaking of medications and different assets. The meeting consequently gives a great deal of data concerning the outskirt and its accidents on the lives of the numerous individuals. The historical backdrop of the United States and Mexico rotates much around the bar, and furthermore assumes a fundamental job towards improving the relationship between the two countries as far as e xchange and economy. With respect to meet, the interviewee has tremendous experience concerning American issues relating to current undertakings and recorded associations, impacts of migration on present day American history, and American life and culture (Rush, 2007). Through plainly breaking down focuses and giving models where relevant, the interviewee shows the significant advances happening in the American history. End From the above meeting, it is very coherent that the impacts of movement result to both negative and positive changes in the development of U.S economy. American issues similar to current undertakings and recorded associations, impacts of migration on present day American history, and American life and culture are increasingly identified with the countries governmental issues and economy. Directing an oral history meet is basic towards comprehension the past and contrasting and what's to come. Purchase custom Conducting an Oral History article

What are some good topics for writing a death penalty essay

What are some good topics for writing a death penalty essay? Some good topics for writing a death penalty essay focus on the pros and cons of capital punishment. Like abortion, there are few topics that have such powerful arguments in support and against as the death penalty. As one of the few countries in the world where it is still practiced, capital punishment in the United States has been the source of an enormous amount of controversy in recent years. Based on this ongoing controversy, some salient topics for writing a death penalty essay include the following:   (1) â€Å"Is the death penalty effective as a deterrent to violent crime?†; (2) â€Å"Why are there such drastic racial disparities in the application of the death penalty?†; (3) â€Å"Why have some states banned the death penalty while others continue to use it?†; (4) â€Å"What type of capital punishment is regarded as most humane?†; and (5) â€Å"Is the death penalty congruent with the tenets of restorative justice?†

The Human Impact On Natural Environment - 1219 Words

The human impact on natural environment is one of the most pressing issues of contemporary times and a subject of discussion. The increasing human population and the rising level of technology both have become significant factors in raising the environmental problems. There are several environmental problems around the world today which occurred due to both natural and human causes. Of all the global environmental problems, desertification is, perhaps, the most threatening problem. Desertification is the expansion of desert lands into previously non-desert areas. Today in many countries lands are becoming into deserts,and due to the conditions in the world soon we will not be able to take it back. There are two main causes of desertification,one is human activities and the other is climatic variations. The first and the most important cause of desertification is human activities. Human causes includes Overgrazing, Over cultivation, Mismanagement of irrigation, Deforestation, Urban a nd industrial activities, mining and exploitation of resources etc. All human causes are related to over population. Due to overpopulation there is great pressure on land and resources. According to Neo Malthusian, demographic pressure leads to overuse and misuse of resources (Malthus, 1798). Earlier desertification was only a natural formation but day by day humans are becoming responsible for it because of land mismanagements. One theory argues that resources under commonShow MoreRelatedThe Importance of Maintaining Marine Environment1882 Words   |  7 PagesMarine environment is important because it provides many beneficial goods and services to mankind. Oceans and coastal seas are vital part of marine environment. Over 60% of the world’s population live within 100 km of the coast and it is increasing. Interactions between the atmosphere and the oceans are important in the regulation of climate and weather, which in turn interact with marine environment. Marine environme nt provides benefits like protein sources and economic activity associated withRead MoreImpact of the Human Population on Environment and the Biogeochemical Cycles1508 Words   |  6 PagesThe human impact on the environment Mankind has evolved dramatically throughout the past recent decades, but this evolution is often perceived as having been at the expense of the environment. The large size corporations for instance create tons of debris each year, which pollutes the soils and the waters; people use a multitude of transportation means to get to one corner of the world to the other, but this generates the rapid consumption of the fossil fuels. The population of the modern dayRead MoreEssay about Causes and Effects of Global Warming on Our World1498 Words   |  6 Pageswarming is occurring. This essay is to outline the background of global warming and to display opposing viewpoints. Since there is not enough evidential research to connect global warming with natural factors, human activity, and its impacts, we might take advantage of its beneficial gain to our environment, economic, and social system. The facts and fictions of global warming will convince members of Congress that there are opposing viewpoints to global warming and its effects. According to theRead MoreEnvironmental Psychology Article Analysis866 Words   |  4 Pagesstudy how man affects his environment but also how the environment and natural occurrences affect man. The continual cause and affect cycle from both sides of the equation give purpose to environmental psychology as well as incorporating other disciplines. Unlike many disciplines that have a single focus, the focus of environmental psychology covers many areas of concerns. It incorporates other fields of psychology along with medical and scientific fields. The recent natural disasters of Japan willRead MoreEco-tourism Causes Damage to the Environment Instead of Conserving It1533 Words   |  7 Pagescauses damage to the environment instead of conserving it. Eco-tourism is considered by most if not all as traveling to natural areas with responsibility in mind which the environment is conserved and the well being of the local people are taken care of as well as being sustainable on an ecolo gical scale with a sole purpose of experiencing natural areas that builds environmental and cultural understanding, positive reception and upkeep (Brown 2011). However, tourism in natural areas cannot be consideredRead MoreThe Total Contribution Of Travel And Tourism Essay1677 Words   |  7 PagesEach Caribbean country is diverse and has its own natural resources and industries. These industries include bauxite/alumina, agricultural-processing, light manufacturing, rum, cement, metal, paper, chemical products, telecommunications, etc. Though energy and manufacturing account for large percentages of GDP in individual countries, tourism is by far the most prevalent industry (The World Factbook, n.d.). According to the CIA’s World Factbook, tourism is top industry in at least 17 of the 26 countriesRead MoreThe Effects Of Climate Change On Earth888 Words   |  4 PagesThroughout Earth’s 4.6 billion year history, Earth’s climate has been constantly changing. Prio r to the humans and the industrial revolution, climate change been driven naturally by variations of solar energy, volcanic eruptions, and Earth’s orbit. We are currently in a period where these changes are occurring naturally, and saying the cause of climate change is from human activity is ridiculous! Greenhouse gases, which include water vapor, Carbon dioxide (CO2), Methane (CH4), and Nitrous OxideRead MoreThe Changing Relationship Between Nature And Society1658 Words   |  7 Pages As Barrack Obama once stated â€Å"All across the world, in every kind of environment and region known to man, increasingly dangerous weather patterns and devastating storms are abruptly putting an end to the long-running debate over whether or not climate change is real. Not only is it real, it s here, and its effects are giving rise to a frighteningly new global phenomenon: the man-made natural disaster.† (Obama, 2006). In this speech Obama spoke honestly and truthfully about the current situationRead MoreClimate Change And Its Effects On Our Society1545 Words   |  7 Pagesoccur at a much more rapid pace than natural cycles typically allow. According to a 2016 Monmouth University Poll, most Americans acknowledge, at least to some extent, that â€Å"the world’s climate is undergoing a change that is causing more extreme weather patterns and the rise of sea levels.† Since humans rely so heavily on their environment to provide a plethora of goods and services, it is crucial to examine our role in climate change and the way that it impacts our society. While climate change affectsRead MoreHow Human Beings Can Conserve Primate As Valuable Species1152 Words   |  5 Pages Animals and human beings come into contact with each other in the different environment across the world. This has been fostered by human settlement in most regions that were delegated for animals. Whenever there is a contact between human and animals, there is a chance for the development of a relationship. Although human beings are familiar with the interaction of companion animals like cats, human-animal interaction also occurs in the context of farms, laboratories and in the wilderness (Davis

Essay about Should Smoking Be Illegal - 825 Words

One of the largest and most problematic health issues in our society is smoking. Smoking is currently the leading cause of death in our country, due to its harmful and addicting contents, such as nicotine and tobacco. Although millions die from it each year, smoking is the single most preventable cause of death as well. Without smoking, a tremendous amount of money and lives will be saved. I think that our country should ban smoking and the production of cigarettes in order to maintain a healthier nation. Currently in our nation, about 22 % of the people smoke, which is about 60.7 million people. All of these people are losing about 12 years of life, just by smoking. Every year, 440,000 people die of smoking related†¦show more content†¦If the selling of cigarettes is made illegal, all of these companies would completely be out of business and thousands of workers would have lost their job. These companies would be put in debt because they could no longer make a profi t. Although it would be for the best, the entire tobacco industry would be outraged if smoking became illegal. Even though tobacco companies would lose hundred of millions of dollars by going out of business, our nation is already losing even more money from having smoking part of our society. For example, about 75 billion dollars of extra money is spent just on medical care for people with smoking related health problems. Because of this large demand for healthcare, every family in the nation spends about 600 extra dollars on taxes each year to cover these costs. An additional 50 billion dollars is lost in productivity each year, due to the costs of the tobacco industry. I think that all of this money should be used for different things such as scientific research or education. Instead of spending money on cigarettes, our government should be using its money on things that make positive affects on our country and its people. Passive smoking occurs when someone inhales the sm oke of someone smoking nearby. This can occur in restaurants, hotels and even at home. Studies show that non-smokers who live with aShow MoreRelatedSmoking Should Be Illegal742 Words   |  3 PagesApril 2017 Smoking should be Illegal Secondhand smoke is just as bad as smoking the cigarette yourself.Therefore smoking should be illegal because it causes cancer and it s highly addictive. People can die from lung cancer First,SMOKING CAN KILL† states â€Å"lung cancer is the No. 1 cancer killer in the United States for both men and women. It kills more people than breast, prostate, colon, liver, kidney and melanoma cancers combined. Lung cancer is caused by smoking. Next,â€Å"WARNING SMOKING CAN KILLRead MoreSecondhand Smoking Should Be Illegal1276 Words   |  6 PagesIn our generation smoking still exists even though there are some people who quit smoking and there are some still smoke in ages, however the only problem in our society, people who smoke around youngsters called as well as secondhand smoking is a detective around children and adults. It is important that secondhand smoke shouldn’t be smoking around their own children or underage due to health. Secondhand smoking, tobacco smoke is exhaled by a second smoker or is given off by burning tobacco andRead MoreShould Smoking Cigarette Be Illegal?685 Words   |  3 PagesShould Cigarette Smoki ng be Made Illegal? Name Institution Date A cigarette is a small cylinder like filled with cut tobacco leaves and rolled in a paper and ignited for smoking. In most countries, tobacco smoking is legal due to the businesses motives and also the people who are addicted. They cannot do without it. It has immense consequences, and it should, therefore, be illegal from the effects to the smokers, passive smokers and all the human beings due to the pollution of the environmentRead MoreThe Effects Of Smoking On The Baby887 Words   |  4 Pageswhile pregnant is completely unacceptable. The list of negative effects that smoking while pregnant have on the baby range from premature labor to brain defects. Clinical studies have proven the negative short and long term effects that smoking while pregnant can have on a baby. Smoking while pregnant should be illegal, due to the amount of negative effects it has on the baby. One of the most common effects of smoking while pregnant is premature labor. A premature birth is any birth before 37 weeksRead MoreThe Effects Of Smoking On The Baby893 Words   |  4 Pageswhile pregnant is completely unacceptable. The list of negative effects that smoking while pregnant have on the baby range from premature labor to brain defects. Clinical studies have proven the negative short and long term effects that smoking while pregnant can have on a baby. Smoking while pregnant should be illegal, due to the amount of negative effects it has on the baby. One of the most common effects of smoking while pregnant is premature labor. A premature birth is any birth before 37 weeksRead MoreCigarettes should be made illegal1565 Words   |  7 Pagessale of cigarettes should be made illegal Nowadays in the present world smoking cigarettes has become a trend for every age of people and they take it as a fashion. A statistics shows that nearly $8.37 billion are used by the cigarette industries on advertising and promotions annually. And almost $23 million are used every day for the same purpose. The production and sale of cigarettes not only has negative impact on human health, it can even cause death. Because of smoking more than 5 millionRead MoreShould Cigarettes Be Banned in the U.S.?1400 Words   |  6 PagesShould Cigarettes Be Banned in the U.S.? Tobacco has been around in the world for over 2.5 million years. It was not until a few hundred years ago when the tobacco industry decided to put these crops into use and conjure up tobacco products for the community. A popular tobacco product in society is cigarettes, as they are cheap and simple to use. As long as one is over eighteen, acquiring cigarettes is a straightforward process for a reasonable price, albeit the sin tax. It was not until recentlyRead MoreShould Smoking Be Legal?1706 Words   |  7 PagesSmoking tobacco has been in existence for thousands of years. For most of its existence smoking has been acceptable, tolerable, and permitted in our mainstream society. In recent years, smoking tobacco has been under scrutiny. Smoking bans have been introduced to restrict smokers from smoking in public and private places. For example, restaurants, bars, hotels, parks, and beaches throughout the United States have established the bans against public smoking. I discovered th is has significance as itRead More America Needs a Complete Smoking Ban Essay1399 Words   |  6 Pageschildren are exposed to secondhand smoke, many develop life threatening diseases later in life as a result of that exposure. In the United States, smoking should be banned while in the presence of children. Children’s lungs are vulnerable to the effects of secondhand smoke, and this can cause serious problems down the road. Some states have already banned smoking in public and others are in the process. Secondhand smoke exposure has the possibility of causing nicotine dependence in adolescent (nicotineRead MoreShould Cigarettes Be Banned in the U.S.?1444 Words   |  6 Pagesnicotine and other hazardous chemicals to the body, cigarettes also cause a whole host of health implications to the user and the people around him or her. Aside from these health implications, cigarettes should not be banned in the U.S. because of the exaggeration of the results of secondhand smoking , the similarity of the Prohibition era, the devastation of the U.S. economy, and the freedom of one’s own actions. The two main reasons why people want cigarettes to be banned is because of the health

Managements For Organizational Excellence - Myassignmenthelp.Com

Question: Discuss about the Management For Organizational Excellence. Answer: Introduction Brief of my organization, its operations, and my role Arab Bank is the first private sector financial institution in the Arab world, with headquarter based in Amman / Jordan. We rank amongst the largest international financial institutions by having an unmatched Global Arab branch network with 500 branches in more than 30 countries in 5 continents. Arab Bank covers four major areas, and those are: Personal Banking, Corporate / Investment Banking, Private Banking, and Treasury to serve all individuals, corporations, government agencies and other financial institutions. I have joined Arab Bank in September 16th, 2007 as a financial control associate. I am working now as a Middle Office Controller / Treasury Controller. My core job is to monitor, control, and report the activities that are executed by the staff in both the front and the back office (Treasury Operations). The focus is upon the preparation of accurate management information which will enable accurate measurement of performance and risk. Last year I got shifted from Financial Control Department to Risk Management Department. AC 1.1 Present situation and Analysis of the problem What is the problem and what may have caused it: The problem is that I got the appointment letter in my organization for a particular post and I am getting forced to take up the responsibilities of some other tasks in a repetitive manner. The problem has two areas to talk about; however both the areas are related to each other. I have chosen my job because its easier than picking any other organization and just imagining a problem. Scope This situation is pretty much concerning as in this way, the employees of the business organization will feel insecure as under the supervision of the authority I got assigned for 2 other jobs which were not mentioned in my job description and for that I can seek some legal help as this act is against the constitution. Impact The impact of this situation is tremendous as this is clearly a breach of contract and against the constitution. For this type of situations in the workplace, one can surely take legal help and issue a case in court. AC 2.1 Identification of problem 1 and possible solutions I will name the first problem as Job Description Farce. To be clearer, my job description is not what it really says when describing it above. I am doing three more jobs those are not suitable for me, neither matches my job description. I did speak about these issues to my HR manager Mr. Khan and the assistant manager Mr Qureshi. They said that as I am a new employee, I will be needing time to gain further experience and by taking up those tasks I will be able to learn things. What makes it worse is that I am not getting rewarded or appraised for the other three jobs. In fact, I am sitting in the wrong department. Currently I work in the Financial Control Department doing a finance job (Job 1) and my job description says that I am working for Risk Management Department which is true (Job2). In this scenario, I am not experiencing any kind of development in my career and I am not been able to learn anything and above all my satisfaction level is zero. These are the factors that are bo thering me. In this scenario, either I will have to talk to the governing body of the institution or I will have to seek legal help. AC 2.2 Summary of options I am one of the three Arab Bank Management Information System (MIS) team members (Job 3), this department is responsible for the information and generation of report for any department in all Arab Bank / Bahrain, despite having this section under Financial Control Department which contain two team members they do not do this job and this job is written in their job description (Neubertet al. 2015). As from my job title, my core job is to work as a Middle Office Controller / Treasury Controller (Job4) and this should be the job I am getting appraised for. Problem two Problem 2 is Be a climber and go top. A climber employee will step on anyone and everyone to move up the ladder, this employee spends a lot of time trying to carry favor mostly with the higher up positions and few with same grade positions; they are also called gossip employees, as their main focus is on the trash talks feels like a part of a group or to create what they see as camaraderie. So when one team members back is turned, this employee will try to bond with another person by speaking negatively about them, and when that second person back is turned the cycle continues (Marsick and Watkins 2015). I have talked about this issue to my colleagues and some of them are from my department and some others are from different departments. In this scenario, I can understand the situation in advance when they always will take all the credit they can, they would not think twice about lying or cheating to look good. They play the good guy game with everyone around. This climber individual always dedicates his energy to get ahead and he would not care how he will do it. He will do anything for a better job title, a bonus or a raise (Kaner 2014). The basic problem arises when a difficult task is allocated to them they will always complain in front of other team members, but while facing the boss they try to behave in a proper manner. They portray that they know the tasks in a better way and tries to be the first person in solving the problem of others (Rios, McConnell and Brue 2013). So I will name both problems asBias Chaos. Figure: decision making process Source: (Gamratet al. 2014 It scope (e.g. how widespread, how often, how much etc): This happens on daily basis with the same team member and they will get all the credit at the year-end appraisals by being the top performer (TP) along with other job titles as well as increments each and every year. Who, how and what it affects in the work place / team: As discussed above, no team member will show his/her grievance for this problem because this climber team member is acting camaraderie with all other team members. The good guy show is going on all over the year, and just exactly before the time of appraisal, they stand up in front of all other team members saying that they know the tasks in a better way than the rest of the team members. Surprisingly, team members take this issue lightly for the above reasons but I do not. As the biasness in the department is on the rise, I come to work and finish it off diligently before rushing back home instead of listening to these grapevine messages. I even was going to resign from my job because of this problem. If you perform so much and at the end of the year you do not get appreciated, you feel very down and there is no one to talk with or complain to(Kaner 2014). I think for an employee to work with full potential, motivation is an important factor and in workplace, reward and recognition helps in providing the same. What you are trying to achieve by solving the problem: To get every team member his/her right of fair appraisal without being biased to any particular team member especially climbers. What the result will be if no action has been taken: The increases in the number of employees who are trying to demotivate the honest employees have resulted in the fall of the performance in the organization. Unfortunately, the department will be very intolerable, which will result in very low productivity. As stated by Holmes and Stubbe (2015), any member of the team will do his/her best to leave this department as soon as possible. AC 3.1 Decision making technique I think that Nominal Group Technique can be used to solve these kinds of workplace related issues. In this way, the team has to divide into smaller groups in order to generate new ideas to solve the issues. Then the management takes the possible ideas and all the member of the teams has to discuss about those chosen ideas that they might accept (Yoder-Wise 2014). Finally the team members vote and the opinion gets most votes gets implemented to solve the issues (Carmeli 2014). This technique would surely serve the purpose as I think in this way equality would prevail and no one will be able to manipulate the decisions. Figure: decision making technique Source: Holmes and Stubbe(2015) Figure: Nominal group technique Source: (Carmeli 2014) Source: (Gamratet al. 2014) AC 4.1 Communication plan and implementation Employees Way of communication Decision Implementation Time taken Managers Email, Direct communication Transparency should prevail between the employees and employer Assess the choices of solution generated by the smaller groups 12th June to 13th August Team members Direct communication Equality should prevail in the team Generate innovative ideas to solve the issues 2nd October to 31st December Table: communication plan (Source: Goetsch and Davis 2014) Brief description of the possible solutions to the problem: Climbers see that they are normal persons, in some of the occasions they will even approach you for an advice saying why you dont do like me? Why you dont get along with the boss? Talk to him from time to time etc.. they think getting what you want or getting along with your boss is something normal. No use of grievance to others or higher authorities. Climbers might not be aware that they are misbehaving (Goetsch and Davis 2014). So I suggest having the situation pointed out to them in a manner that does not put them on the defensive, and might be a huge step to remedying the situation. There is nothing wrong with ambitions, but if you are working with a team member who is using dubious tactics to get to the top, I suggest one should fight in a proper manner. This doesnt mean using the same dubious tactic. Just make sure your own work is above and beyond what they are doing, and you shall be the one reaping career rewards in no time (Gamratet al. 2014). At the end you can choose yo ur friends but you cannot choose your colleagues at work. AC 4.2 Monitoring and review technique The managers of the business organization can use various tools for review and monitor the situations in the workplace like being observant, talking to the employees of the organization regarding the issues they are facing, distributing feedback sheets and by communicating in a one on one way (Gamrat et al.2014). These are the techniques using which the managers or the higher authority can notice the issues present in the workplace. These types of issues need to be solved with highest priority as these can effectively reduce the motivation level of the employees resulting in a decrease in the general productivity of the organization (Carmeli et al. 2014). How to monitor the situation To monitor the situation, I will have to gather feedbacks from my team members and the managers of the organization to track the improvement of the situation and apart from that I can arrange some meetings to get to the bottom of the issue. Conclusion Thus to conclude, it can be said that within a business organization there should be a transparency between the employers and the employees in order to sustain the motivation level and the loyalty of the employees of the organizations. Apart from that, I think the management should consider that the equality should prevail in the teams and the appraisal system should improvise the ways of judging the contribution of each members of the team in order to sustain the equality among all the members of the team. The assessment process should be fair and acceptable to everyone in order to maintain the satisfaction level of the employees to generate more productivity and profitability of the organization. References Carmeli, A., Sheaffer, Z., Binyamin, G., Reiter?Palmon, R. and Shimoni, T., 2014. Transformational leadership and creative problem?solving: The mediating role of psychological safety and reflexivity.The Journal of Creative Behavior,48(2), pp.115-135. Gamrat, C., Zimmerman, H.T., Dudek, J. and Peck, K., 2014. Personalized workplace learning: An exploratory study on digital badging within a teacher professional development program.British Journal of Educational Technology,45(6), pp.1136-1148. Goetsch, D.L. and Davis, S.B., 2014.Quality management for organizational excellence. Upper Saddle River, NJ: pearson. Holmes, J. and Stubbe, M., 2015.Power and politeness in the workplace: A sociolinguistic analysis of talk at work. Routledge. Kaner, S., 2014.Facilitator's guide to participatory decision-making.John Wiley Sons. Marsick, V.J. and Watkins, K., 2015.Informal and Incidental Learning in the Workplace (Routledge Revivals).Routledge. Neubert, J.C., Mainert, J., Kretzschmar, A. and Greiff, S., 2015. The assessment of 21st century skills in industrial and organizational psychology: Complex and collaborative problem solving.Industrial and Organizational Psychology,8(2), pp.238-268. Rios, M.C., McConnell, C.R. and Brue, S.L., 2013.Economics: Principles, problems, and policies. McGraw-Hill. Van Knippenberg, D., Dahlander, L., Haas, M.R. and George, G., 2015. Information, attention, and decision making.Academy of Management Journal,58(3), pp.649-657. Weiss, J.W., 2014.Business ethics: A stakeholder and issues management approach. Berrett-Koehler Publishers.

Jonathan Swifts Gullivers Travels Essay Example

Jonathan Swifts Gullivers Travels Essay Jonathan Swift was without a shadow of doubt a great pacifist, satirist, and moralist. Mainly through pamphletism, he criticized imperialism and war with ferocity. â€Å"Gulliver’s Travels†, first published in 1726, can be seen as Swift’s ultimate pacifist pamphlet, summing up his views concerning moral and sociopolitical justice. Although â€Å"Gulliver’s Travels† is cherished as a children’s book it has triggered an ardent debate among philosophers, political scientists and literary critics. For instance, part four â€Å"A voyage to the country of the Houyhnhnms† was, for a long time, regarded by literary critics as the writings of an immoral, misanthropic, and obscene monster. According to Clubb, this view derives from a too literal interpretation of the allegory and from the common fallacy that Gulliver’s opinions reflect Swift’s (Clubb, 117). Indeed, the first key to understanding â€Å"Gulliver’s Travels† is to discriminate Swift’s moral and political outlook from Captain Gulliver’s accounts. For instance, the latter sees the Houyhnhnms as ideal beings who are governed by the principles of reason and truth, and are completely ignorant of the evils of controversy, dispute, and falsehood. In contrast, Swift seems to indicate that it should be rather dull and stifling to live in the utopic society of the Houyhnhnms. In this respect, the wise, but still human, Brobdingnagians introduced in part two of â€Å"Gulliver’s Travels† are more likely to represent Swift’s ideal beings. However, in terms of connection to the contemporary society, Swift’s illustration of Lilliputs’ community is as much controversial and problematic as our daily world. We will write a custom essay sample on Jonathan Swifts Gullivers Travels specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Jonathan Swifts Gullivers Travels specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Jonathan Swifts Gullivers Travels specifically for you FOR ONLY $16.38 $13.9/page Hire Writer This interpretation conforms to the reading provided by misanthropology. Misanthropology is named after the study of the cussedness of human nature and aims to investigate all sorts of human vices. In particular, misanthropy is viewed as the typical position of a disillusioned Utopian, whose former faith takes the form of unremitting contempt. According to Morson, Gulliver is clearly an Utopian who becomes disillusioned and eventually misanthropic. The visit to the land of the Brobdingnags teaches Gulliver to appreciate the physical and moral deformity of human beings. The king exposes the cultural misanthropology to Gulliver, whereas the country’s most beautiful women teach him its physical facet for being filthy and repulsive due to their size. However, Gulliver’s experience in Houyhnhnmland impedes him from drawing the right lesson from cultural and physical misanthropology. The close connection of his Utopianism with his misanthropy is also clear in the letter to th e editor. Gulliver complains that neither his accounts nor his social prescriptions produce any improvement in British society. Accordingly, Morson views â€Å"Gulliver’s Travels† as both misanthropic and a satire on misanthropy, for Swift demonstrates that he despises humanity for such vices as misanthropy (Morson, 56). At first sight, part one of â€Å"Gulliver’s Travels† seems to be a fairy tale about a giant dwelling with midgets. However, it contains clear innuendoes about the politics of the reign of Queen Anne, such as the feud between England and France. Furthermore, a flavor of Swift’s ideal model of justice is hinted at when Gulliver describes the laws and customs of Lilliput.   Gulliver’s Travels is neither the first nor the last literary work to discuss and stigmatize the legal system. In fact, Posner (1988) examines the legal contents in other classics such as William Shakespeare’s â€Å"The Merchant of Venice†, Fyodor Dostoyevsky’s â€Å"The Brothers Karamazov†, and Franz Kafka’s â€Å"The Trial†.   Capital punishment is recommended to fraudulent individuals because honest people are defenseless against fraud, whereas prudence and care suffice to mitigate the likelihood of thefts. Contemporary society debates over the pressing public issue of death penalty. From the critical perspective, Swift might have envisioned the controversial character of this ethical dilemma though for the eighteenth century England capital punishment was a regular and daily tradition. Nonetheless, the Lilliputian justice is equally disposed to reward and to punish: a citizen can claim, among other privileges, a financial reward and the status of â€Å"Snilpall† if he is able to provide enough evidence that he has been strictly lawful during the last 73 moons. Note that when an individual is accused of some crime, the conventional notion of fairness in a trial implies that the defendant is considered innocent until proven otherwise. From this perspective, the presumption of innocence is widely used in modern court systems. Nonetheless, in Lilliput society the burden of proof becomes inverted when a citizen claims the title of Snilpall for he is assumed guilty until proven otherwise. A shift in the burden of proof from plaintiff (in this case, the state) to defendant (the citizen claiming the status) presumably increases the likelihood of denying the reward to a lawful citizen, but decreases the probability of rewarding unlawful citizens. It is necessary to emphasize that in eighteenth century England the issue of gender equality has been regarded as theoretical for distinctions in gender were significant. According to Swift, Lilliputs’s society had the female nurseries, where â€Å"the young girls of quality are educated much like the males†¦ [and they] are as much ashamed of being cowards and fools as the men† (Swift, 55). Therefore, Captain Gulliver did not notice â€Å"difference of sex,† though some daily exercises for women â€Å"were not altogether robust.† Indeed, modern societies of America and Europe no longer make difference in gender, however, some reservations are held in the area of â€Å"robustness† specifically to males. Swift illustrates the absurdity of the conflict made on the basis of pride between the Lilliputians and the Blefescuns. Although the conflict around the question of how one should break an egg, â€Å"eleven thousand persons have, at several times, suffered death, rather than submit to break their eggs at the smaller end† (Swift, 41). Swift embedded in the following statement: â€Å"†¦ all true believers shall break their eggs at the convenient end† (Swift, 41). According to Swift, the matter of convenience should be left on every man’s conscience, and this idea left some room for speculation. In modern context, the right to break an egg from any side can be compared with one’s right to express opinion within censorship free society. Practically, there still are societies where censorship is considered to be a legitimate way to regulate social relations and relations on the individual-government level.

Behaviorist Theory essays

Behaviorist Theory essays The human mind constantly responds to the environment or external stimuli. Thus, the social environment and culture that we are exposed to, especially as infants and in our youth, condition our very thinking and behavior. This is precisely why family environment and values play a key role in personality development, as do religion, educational institutions, peer groups, and the media. Indeed, in many ways we are very much a product of our environment, which explains the commonality in values, lifestyles, and even fashion that can be observed within communities. In addition, our interaction with the environment teaches us the consequences or rewards of certain types of behavior, which then further influences and shapes our future behavioral patterns. The truth of the preceding statements is evident in my own behavior. My family and education, for instance, have definitely shaped my values. Similarly, my peers and the media influence my preferences in dress codes, music, films and books, to name a few examples. However, I do not entirely agree with the behaviorist theory that conditioning is responsible for all human actions. For, I believe that I have free will, which reflects in the choices I make about my own life, including, for example, my choice of courses in college or future profession. The fact that our understanding of life deepens and changes as we grow and develop our cognitive skills, moral and logical reasoning is, in fact, proof that individual human beings exercise their free will in interacting with their environment. Of course, it is not always easy to tell if past conditioning has influenced an apparent "free choice." To do so would require conscious reconstruction of one's past in order to distinguish between its affect, cognition, and the manner in which it continues to influence action. However, it has been established that an individual can be liberate...

For any theory of law, justice or rights to be worthy of our support, Essay

For any theory of law, justice or rights to be worthy of our support, it must involve a necessary connection with morality. To what extent, if at all, do you agree with this view - Essay Example crucial – referring to the fact that the reasons for the introduction of specific legal rules need to be clearly explained to the members of the society in which these rules involved; in practice, this policy is not always applied; instead, laws are developed in accordance with the personal perceptions of legislators. Under these terms, the obligations and the rights set by the laws in the context of a specific state could be doubted as of their credibility; however, there is a series of principles and concepts that are commonly used as the basis for the development of legal rules and the application of which ensures the respect of fundamental human rights and concerns; morality is one of these concepts; the role of morality in the development of various social and political schemes has been proved as quite important; in fact, morality has been employed in many social theories in order to justify the suggestions made for a series of social and political problems; moreover, the existence of morality in social theories increases the chances for the acceptance of these theories by the members of a specific society – or people in the international community. Current paper focuses on the examination of the potential connection between morality and the theory of law, justice and rights; the views of theorists that have studied the specific subject have been used in order to identify and evaluate the various aspects of connection between morality and the theory of law, justice and rights; it is proved that this relationship exists but it is likely to be differentiated in accordance with the social conditions to which each of these theories refer. Generally, social theories that refer to morality have a similar point of reference: the willingness of people for supporting the justice; however, this willingness is not always obvious; it can be expressed through a series of actions or it can be expressed verbally; in any case, this willingness exist – referring to the

APPLIED MANAGERIAL ECONOMICS Research Questions Paper

APPLIED MANAGERIAL ECONOMICS Questions - Research Paper Example c) Mathematical formulae for production system of The Village Inn Y1 a11 a12 a13 a14 X1 Y2 = a21 a22 a23 a24 x X2 Y3 a31 a32 a33 a34 X3 X4 It could be assumed that, Y1 = buttermilk pancakes Y2 = Skillets Y3 = Crepes Thus, X1 = Milk, X2 = Butter, X3 = Wheat and X4 = Eggs Lastly, aij are the weights that are associated with each input for the production of each item and, their values range between 0 and 1; i, j = 1 ... 4 d) According to the Law of Diminishing Returns, the productivity of a factor with other factors remaining unchanged tends to diminish over time. In the above example, if any of the components are added in excess of the rest, they cannot help in producing an extra unit of output, so that increase in quantity only diminishes its productivity. Answer to Question 2 a) A department store generally deals with a large number of items under a single roof and simultaneously has to employ a large number of salespersons. In this case, productivity of each employee implies the add itional number of commodities that the person is able to sale over time. In order to calculate the average productivity per employee thus, it is necessary to calculate the gross sales that the company made and divide it with the total number of transactions. b) Technical efficiency implies the efficiency with which inputs could be converted into output. Normally, the greater the volume of output that could be created with a given volume of input, higher is the efficiency of the concerned firm. In retail stores, this could be implies by the speed with which the sales are taking place. An ideal method to measure the same could be through estimating the number of days that a commodity stays in the inventory shelf. If the number of days is found to be higher than the average, technical efficiency of the company might be regarded as falling and vice-versa. Moreover, greater the technical efficiency is, lower is the per unit production cost incurred and greater is the profit generated. c) Economic efficiency is the extent to which the retail store can compromise their shelf space occupied by one commodity with that of another. In order to optimise the same, it is very important for them to be informed about the commodities which are highly demanded compared to those which are not. In case that they are able to make the substitution successfully, i.e., there is Pareto Optimality, the average cost of the company falls and its profit rises. Answer to Question 3 In the present case, the retired couple have to capture a part of the market that is largely served by the nearby chain restaurant. However, the difference between the two is that while the couple plans to establish a lunch-only restaurant, the nearby chain is a full-fledged one. Thus, the strategy that they must be adopting should be that like an oligopolistic market, where their strategies should be highly dependent upon the ones being adopted by the existing players of the industry. Four economic factors that they need to consider while determining their pricing strategy are – Firstly, the market is characterised by another major player who is already experiencing the advantage of being a first mover. Generally, in an oligopolistic

Inaccuracies in the Portraying of the American Revolution by Popular C Movie Review

Inaccuracies in the Portraying of the American Revolution by Popular Culture - Movie Review Example American Revolution dates back some years ago and this was the race to independence in America. The revolution also termed as a revolutionary war broke out due to differences between Britain and the colonial government. The war involved other groups who came in to assist one side, like France and this lengthened the conflict further. The troops from the British government and the colonial government men inspired the war as the fight for independence kicked off. Tensions leading to the outbreak of the war were due to the colonists feeling that they had no equal representation in parliament as the British counterparts.Arguably, the American Revolution comes out in different popular cultures like films and history books, although it has been difficult to portray it in these books and films because it turns to be controversial from the readers. An example of the challenges is that of the Americans who only want to refer their founders on only their positive side but ignore their negative actions during the revolution. This is a challenge because; the films that portray their founders’ negative side are highly criticized, whereas those depicting their positive side are encouraged. The filmmakers never wish to depict the British as an enemy to the Americans. To avoid this, therefore, they escape all the stories showing what happened to the founders in the films.From a different perspective, other films try to show exactly what happened during the revolution. For example, the film â€Å"Drums Along the Mohawk† shows how people were killed and even destruction of crops. These were activities done during the war. Although the film showed little about British, it is rated as one of the best films that tried to portray the American Revolution. However, the accuracy of the film is compromised by the fact that people were killed and crops destroyed but it is not clearly presented, on the contrary, it shows the fight as between settlers and Americans. Unlike th e aforementioned film, â€Å"Revolution† film does not clearly depict the hero in the war even the losers can become heroes. The inaccuracy of the film is that it does not show the battle as Americans fighting for liberty from the British, but it shows it as a civil war between the colonists. American Revolution comes out in another film, â€Å"The Patriots†, though there are inaccuracies about the war. It describes the revolution as a war for the liberation of African Americans. It also shows that the workers in the field were not slaves.   In their work, the filmmakers try to give a detailed report on the happenings during the revolution.

Cuneiform :: Egyptian Writing Essays

Cuneiform The earliest writing in Mesopotamia was a picture writing invented by the Sumerians who wrote on clay tablets using long reeds. The script the Sumerians invented and handed down to the Semitic peoples who conquered Mesopotamia in later centuries, is called cuneiform, which is derived from two Latin words: cuneus , which means "wedge," and forma , which means "shape." This picture language, similar to but more abstract than Egyptian hieroglyphics, eventually developed into a syllabic alphabet under the Semites (Assyrians and Babylonians) who eventually came to dominate the area. In Sumer, the original writing was pictographic ("picture writing"); individual words were represented by crude pictorial symbols that resembled in some way the object being represented, as in the Sumerian word for king. The first symbol pictures "gal," or "great," and the second pictures "lu," or "man." Eventually, this pictorial writing developed into a more abstract series of wedges and hooks. These wedges and hooks are the original cuneiform and represented in Sumerian entire words (this is called ideographic and the word symbols are called ideograms, which means "concept writing"); the Semites who adopted this writing, however, spoke an entirely different language, in fact, a language as different from Sumerian as English is different from Japanese. In order to adapt this foreign writing to a Semitic language, the Akkadians converted it in part to a syllabic writing system; individual signs represent entire syllables. However, in addition to syllable symbols, some cuneiform symbols are ideograms ("picture words") representing an entire word; these ideograms might also, in other contexts, be simply syllables. For instance, in Assyrian, the cuneiform for the syllable "ki" is written. However, as an ideogram, this cuneiform also stands for the Assyrian word irsitu , or "earth." So reading cuneiform involves mastering a large syllabic alphabet as well as a large number of ideograms, many of them identical to syllable symbols. This complicated writing system dominated Mesopotamia until the century before the birth of Christ; the Persians greatly simplified cuneiform until it represented something closer to an alphabet.

Poh Kong

1. 0 COMPANY PROFILE POH KONG founded in 1976, as a pioneer jeweller has transformed itself from a traditional jewellery until the middle of the recognition of the most important jewellery brand as synonymous with excellence associated with the design, quality and superior craftsmanship. Listed on Bursa Malaysia since 2004, POH KONG has been hailed as the largest jewellery retail chain in Malaysia with a network of 100 branches across the country with manufacturing facilities. It has been successful in developing and promoting its own brand and become the sole distributor for many international brands.POH KONG in-house brands including Tranz, Happy Love, Anggun, The Art of Auspicious, Bunga Raya Gold Bar, and many more to come. POH KONG is the licensee for Disney Collection is the sole distributor for luxury Schaeffer pearls from around the world. POH KONG using a differential image of the brand and retail concept to meet the needs of different customers. Apart from POH KONG and Diam ond & Gold outlets, retail concepts such as POH KONG Gallery, Diamond Boutique, Jade Gallery, Tranz Boutique and Oro Bianco are available. 2. The General Environment 2. 1 Political Jewellery retail chain Poh Kong Holdings Bhd expects the price of gold to be on an upward trend this year(2012), fuelled by demand for the precious metal as investment. Movement of gold prices would depend on the political stability in Iran, where Poh Kong gets its supply. Poh Kong’s AGM expect that if war starts in iran, gold prices may increase by 30%. Last year, gold hit above US$1,900 per ounce but has since fallen to US$1,620 this month. Demand for gold globally is still on upward trend.The company are still seeing double-digit growth globally on gold bullion and bars, so there is still a potential for the company to move forward. Besides that, the high price of gold would bring higher margins for Poh Kong as the cost is passed down to retail customers. On bank offering gold investment, althou gh there is a bit competition, Poh Kong’s sales are not affected as customers still come bak to them. 2. 2 Economic Poh Kong Holdings Bhd is expecting a better financial year ahead, spurred by increased demand for gold from the public.When the price of gold escalates, the company’s selling price to retail customers increase in tandem. A higher gold price, therefore, has a positivr impact on the revenue. The biggest jeweller in the country by the number of outlets says its sales are not affected by the volatility in gold prices. Instead, sales of gold bars increase, as the rich look for a safe investment. Analysts say the company can ride the increased appetite for gold as a â€Å"safe investment class†, especially amid economic and financial uncertainties.The US Federal Reserve’s decision to pump more money into the financial system with a second round of quantitative easing will also mean more money going into commodities like gold, which will drive pric es even higher. However, this would also mean higher inflation, which would fuel the upward trend of gold prices. For FY2010, Poh Kong reported an 11. 24% rise in net profits to RM31. 61 million on the back of a smaller 3. 62% increase in revenues to RM561. 24million. EPS was 7. 7 sen, up from 6. 93 sen the year before. Net profit and operating margins increased in FY2010 to 5. 63% and 9. 8%, respectively, from 5. 25% and 9. % in FY2009. 2. 3 Social Poh Kong Group's CSR initiatives are in line with Bursa Malaysia's framework centered towards the workplace, marketplace, community and environment. As a socially responsible company, the corporate citizenship is integrated into a sustainable business model that goes beyond shareholders interests, for the betterment of society. Corporate’s CSR programme embraces responsibility for the Company's actions and encourages a positive impact through its activities by its employees, caring for consumers, giving back to the under privilege d through societal welfare work and environmental protection.The Group aligns its corporate activities to social causes with the various target publics as we endeavor to create a more caring community and make a significant difference in the lives of many in society. In this respect, Poh Kong recognizes its CSR is to foster mutually beneficial relationships with our stakeholders and society through active participation and help improve the living standards of the surrounding communities. 2. 4 Technological Science and technology are closely related in the gold mining process, especially in the extracting and processing of the metal. Gold is a golden ellow metal, which is solid at room temperature. Gold can be extracted in many ways. Mining for gold is only worthwhile financially where there is a significant concentration of it found in ore. The fixed price of gold in 1934 increased from $20. 67 U. S. to $35 U. S. per troy ounce. This price remained fixed until 1968 which discouraged hard rock mining for gold because increased inflation (which raised the cost of mining production) prevented the mining companies from making a profit. 3. 0 Task Environment Analysis Gold mines tend to have a huge impact on the environment.From digging out a huge pit, to disposing of the left over chemicals and tailing. If a gold mine isn't managed properly it can have some very negative impacts on the environment. A common impact is when water used in the mining process is polluted with chemicals from the factory and then put back into rivers and streams. Cyanide used to extract gold can pollute the rivers and kill fish and other. 3. 1 Green Awareness In contributing to the environment, Poh Kong believes in green awareness activities and eco-friendly measures that reduces the carbon footprint generated by the organization's infrastructure and working towards reducing wastage. . 2 Energy Conservation Through the combined effort and dedication of each employee, environment-friendly lifestyles that promote green technology are practised. This include using light-emitting diode bulbs (LEDs) for energy saving lighting, the automatic shutdown of desktop computers while not in use, maintaining air-conditioning at comfortable, but lower temperatures, switching off non-essential lights and equipment, and the recycling of materials have all reduced costs savings. 3. 3 On a Green QuestWe help minimise the impact on the environment by restricting the use of hazardous substances, undertaking the safe disposal of waste discharge and the monitoring of pollution levels for a clean environment. Poh Kong believes in minimum wastage and is working towards a zero waste discharge policy in the jewellery manufacturing process. The Company takes back gold products at end-of-use or end-of-life for responsible reuse, recycle, remanufacture or recovery of the gold in the refining process.The Company's aim is to provide and maintain a clean environment for sustainable development for current and future generations. It strives to fulfill the social, environmental and ethical obligation which is vital in global environmental sustainability. 4. 0 SWOT Strength POH KONG is a well-know brand and is attractive for those who admire beautiful jewelry. The POH KONG is successful in designing, provided quality product and the hardware to make the jewelry. POH KONG also listed in BURSA MALAYSIA, so the company succeed attract many customers buy their products.The different design and different concept is set to target the different market segmentation as to fulfill the customer requirement. POH KONG Holding Berhad offered jewelry to wedding, jade, international, diamond or gems and many else according to customers taste. POH KONG has its own expert to designing the product to make it more luxury. The price offer is based on the government policy, so the price is not so expensive and everyone is affordable. Weakness Some POH KONG company branch is not selling all products, because the shop offer limited space.So, the customer just can take an order through cataloged or browser. As a result, it might lose some customer or decrease customers’ satisfaction due to take time in sending the stock to the customers. Besides that, some customers also complain the POH KONG is less option if compare with other competitors. Consequently, majority customers move to support other company. Opportunity Using the latest technology might help the company growing faster. POH KONG can save their production cost by used new technology and produce large quantity jewelry.The company can perceived it as cost advantage and offer a reasonable price for the customers. POH KONG also received the payment method by credit card, this is convenience to the customers when they buy expensive jewelry. Moreover, they also used the online marketing to market their product, the costumer can visited the website to get the latest information. POH KONG has a big business formulation, such as distributor to the international brands such as Tranz, Happy Love, Anggun, The Art of Auspicious and Bunga Raya Gold Bar.Also, they distribute for Schoeffel Luxury Pearls from German, Luca Carati and Verdi from Italy, Angel Diamond from Belgium and Cocoro from Japan. Threats The strict of government policy might influence POH KONG gain profit in business. Next, due to the increasing number of competitors, POH KONG was facing the problem of pricing war. This is because majority customers will choose the company which can provide reasonable price with good quality products. As an existing many competitors, they will purposely offer lower price to attract more customers.The problem of pricing war between competitor had lead to POH KONG frequently innovation unique and special design product in order to attract and maintain customers. The competition has result in POH KONG more power used several ways to become a big retailer in the industry, the subjective is to increase their profit and market share. 5. 0 TOWS Internal Factors (IFAS)ExternalFactors(EFAS)| Strength (S) | Weaknesses (W)| Opportunities (O) | SO strategies-POH KONG is a well-know company and distribute the jewelry into international market. The expertise enabling creates various products with new technology. -all the product price are according government policy, so the company successful gain cost advantage. -With the POH KONG operate outlet in all state, the company can gain the cost advantage when they selling large quantity with lower price to the customer| WO strategies- The company should use the latest technology to producing more quantity products. – POH KONG company distributes their product over the international market as to compete with competitors. POH KONG company selling various products with lower price as to fulfill customer requirement around the international market. | Threats (T)| ST strategies- POH KONG company set a goal to become a leader in jewelry retailers as to face the competition problem. -The price of POH KONG is according to government policy, so they can avoid pricing war between competitors. -POH KONG has follows the government policy to manage their business, as to gain their profit. | WT strategies-Due to many competitors, POH KONG had faced the pricing war. The strict of government policy lead to POH KONG branch unable to fulfill customer requirement. -As many competitors in market, POH KONG have to compete with others as to become a big retailer in market. | Strength and Opportunities (SO) POH KONG is a well-known company in jewelry industry, so they can use their reputation to distribute the products into international market. The expertise in POH KONG might useful to generate a creative idea in creates various products with the latest technology.POH KONG was comply with the government policy to gain their cost advantage and open outlet in all state by selling large amounts of products with lower price to the customers. Weak ness and Opportunity (WO) POH KONG company should be used the latest technology to produce large amount and more quality products, it is important for customers have more option from variety products. POH KONG develop a strategy plan by export their products into international market and selling various jewelry with lower price as to fulfill customers expectation.Strength and Treats (ST) POH KONG based their strength to set a goal as become a big retailer in jewelry industry. Otherwise, POH KONG also set their price based on government policy, so they can avoid pricing war from competitors. As to gain more profit and increase the market share, POH KONG have to comply the government policy. Weakness and Treats (WT) Due to existence competitors in market, POH KONG has faced pricing war between the competitors. Because pricing is an important asset for company to attract more customers in order to increase company.As the strict of government policy lead to some POH KONG branch was unab le to fulfill all customers requirement. As a result, POH KONG is require to set a goal to become a big retailer in jewelry industry. 6. 0 Ratio Analysis Formula: – 1. Liquidity Ratios| Current ratio = | Current assets Current liabilities| Quick ratio = | Current assets – inventory Current liabilities| Inventory to net working =capital | Inventory Current assets – current liabilities| . Profitability Ratios | Net profit margin = | Net profit after taxes Net sales| Return on investment (ROI) = | Net profit after taxes Total assets| Return on equity (ROE) = | Net profit after taxesShareholders’ equity| 3. Activity Ratios| Inventory turnover =| Net salesInventory | Net working capital turnover = | Net salesNet working capital| Asset turnover = | Sales Total assets| 4.Leverage Ratios| Debt to asset ratio = | Total debt Total assets| Debt to equity ratio = | Total debt Shareholders’ equity| Current liabilities to equity = | Current liability Shareholder s’ equity| Analysis 1. Liquidity Ratios ( i ). Current ratio 2011 year| 2010 year| RM 484,863,174 RM 198,367,638 = 2. 44 times| RM 419,387,537 RM 120,116,086 = 3. 49 times|For current ratio, year 2011 is 2. 44 times and 3. 49 times in year 2010. It is decreased 1. 05 times in year 2011 if compare with year 2010. 2011 year| 2010 year| RM 484,863,174 – RM 443, 668, 132 RM 198,367,638 = 0. 21 times| RM 419,387,537 – RM 383,614,269 RM 120,116,086 = 0. 30 times| ( ii ). Quick ratio Fo For quick ratio, year 2011 is 0. 21 times and 0. 30 times in year 2010. It is decreased 0. 09 times in years 2011 if compare with year 2010. ( iii ). Inventory to net working capital 011 year| 2010 year| RM 443, 668, 132 RM 484,863,174 – RM 198,367,638= 1. 55 times| RM 383,614,269 RM 419,387,537 – RM 120,116,086 = 1. 28 times| For Inventory to net working capital year 2011 is higher than 2010, which is 1. 55 times (2011) and for year 2010 is 1. 28 times. It is increased 0. 27 times in year 2011 if compare with year 2010. 2. Profitability ratio ( i ). Net profit margin 2011 year| 2010 year| RM 41,204,606 x 100 % RM 487,653,434 = 8. 5 %| RM 32,516,897 x 100 % RM 389,023,737 = 8. 36 %| ( F For net profit margin, year 2011 is higher than year 2010, which is 8. 45 % and 8. 36 % in year 2010. And year 2011 is increased 0. 09 %. ( ii ). Return on investment (ROI) 2011 year| 2010 year| RM 41,204,606 x 100 % RM 576,408,981 = 7. 15 %| RM 32,516,897 x 100 % RM 509,641,678 = 6. 38%| For ROI, year 2011 is 7. 15 % and 6. 38 % in year 2010, which is increased 0. 7 % in year 2011 compare with year 2010. ( iii ). Return on equity (ROE) 2011 year| 2010 year| RM 41,204,606 x 100 % RM 345,996,853 = 11. 91 %| RM 32,516,897 x 100 % RM 310,537,172 = 10. 47 %| In year 2011, ROE is 11. 91 % and 10. 47 % for year 2010. That is increased 1. 44 % if compare with year 2010. 3. Activity Ratios ( i ). Inventory turnover 2011 year| 2010 year| RM 487,653,434 RM 443,668,132 = 1. 0 ti mes| RM 389,023,737 RM 383,614,269 = 1. 01 times| In year 2011, inventory turnover for Poh Kong Holdings Berhad is 1. 10 times and 1. 01 times for year 2010. It is increased 0. 09 times for year 2011. ( ii ). Net working capital turnover 2011 year| 2010 year| RM 487,653,434 RM 484,863,174 – RM 198,367,638 = 1. 70 times| RM 389,023,737 RM 419,387,537– RM 120,116,086 = 1. 30 times|For net working capital turnover, year 2011 is 1. 70 times and year 2010 is 1. 30 times. It is increased 0. 40 times in year 2011 if compare with year 2010. ( iii ). Assets turnover 2011 year| 2010 year| RM 487,653,434 RM 576,408,981 = 0. 85 times| RM 389,023,737 RM 509,641,678 = 0. 76 times| For assets turnover, year 2011is 0. 85 times and year 2010 is 0. 76 times. It is increased 0. 09 times in year 2011 if compare with year 2010. 4.Leverage Ratios ( i ). Debt to asset ratio 2011 year| 2010 year| RM 230,412,128 x 100% RM 576,408,981 = 39. 97 %| RM 199,104,506 x 100 % RM 509,641,678 = 39. 07 %| For debt to asset ratio, year 2011 is 39. 97 % and 39. 07 % in year 2010. It is increased 0. 9 % in year 2011 if compare with year 2010. ( ii ). Debt to equity ratio 2011 year| 2010 year| RM 230,412,128 x 100% RM 345,996,853 = 66. 9 %| RM 199,104,506 x 100 % RM 310,537,172 = 64. 12 %| ( For debt to equity, year 2011 is 66. 59 % and 64. 12 % in year 2010. It is increased 2. 47 % in year 2011 if compare with year 2010. ( iii ). Current liabilities to equity 2011 year| 2010 year| RM 198,367,638 x 100% RM 345,996,853 = 57. 33 %| RM 120,116,086 x 100 % RM 310,537,172 = 38. 68 %| For current liabilities to equity, year 2011 is 57. 3 % and 38. 68 % in year 2010. It is increased 18. 65 % in year 2011 if compare with year 2010. 7. 0 STRATEGIC DIRECTION 7. 1 Expand on more outlets. POH KONG is planning to open more stores as part of local development. Continuous expansion channels out a several locations from urban center to small towns, is intended to create opportunities and revenue grow th of large and provide accessibility and convenience to their customers through its extensive retail network with owned or partly owned establish branches throughout Malaysia. 7. 2 Produce a new range productPOH KONG company has decided to produce a new range of platinum jewellery targets a younger age group. This new network will complement POH KONG Gold jewellery available and meet the needs and preferences more users. New machinery and equipment will be available to support expansion of the product. 7. 3 Expand retail operation in Australia and China POH KONG has a vision to expand its retail operations outside the country in Australia and China as the initial target market. The feasibility study will be conducted to assess the viability of setting up retail gold jewellery branch, taste and preference in new markets.If everything else goes well, they decided to set up branches in Australia and China. POH KONG’s vision is to spread its wings to local outside in order to in crease income. 7. 4 Planning to franchise the concept POH KONG is planning to franchise the concept to potential retail local entrepreneurs. This enabled POH KONG to open the lock brand and retail experience. New franchise outlets will bring POH KONG brands and potential locations such as Terengganu, Kelantan, Sabah and Sarawak, in areas which do not have a personal faith establish a branch. This new revenue stream will increase the income of POH KONG. 8. 0 Board of Director YG BHG DATO’ CHOON YEE SEIONG (Executive Chairman and Croup Managing Director) * MR CHEONG TECK CHONG (Executive Director) * MADAM CHOON NEE SIEW (Executive Director) * MADAM CHOON YOKE YING (Executive Director) * MADAM CHOON WAN JOO (Executive Director) * DR CHOONG TUCK YEW (Senior Independent Non-Executive Director * ENCIK FAZRIN AZWAR BIN MD NOR (Independent Non-Executive Director) * DATIN SHIRLEY YUE SHOU HOW (Independent Non-Executive Director) The board of Poh Kong Holdings Berhad is committed to in still a corporate culture of good corporate governance which is practiced throughout the company and its subsidiary companies.The group acknowledges the importance of corporate governance in enhancing its business prosperity and corporate accountability with the absolute objective of realizing long-term shareholders’ and stakeholder’s value. The group will continue to endeavor to comply with all the key principles of the Malaysia Code Corporate Governance in an effort to observe high standards of transparency, accountability and integrity. This is to sustain optimal governance with conscientious accountability for continuous effectiveness, efficiency and competitiveness of the group.

Renaissance Ideals of Humanism Are Expressed in the...

Discuss how Renaissance ideals of humanism are expressed in the Italian art of the period, referring to specific works and artists. During the fourteenth century Italy witnessed notable changes, which throughout the next couple of centuries extended towards northern Europe. This was later described as the Renaissance, the cultural achievements through sixteenth centuries; those achievements rest on the economic and political developments of earlier centuries. (Western Society, 413) This was an era in which Europe emerged from the economic downfall of the Middle Ages and was followed by a time of financial growth, later leading to the Renaissance. But also, most importantly, the Renaissance was a period for artistic, social,†¦show more content†¦On the other hand, the creation of the Vitruvian man clearly shows humanists shifted intellectual emphasis off of theology and logic to specifically human studies. The development of this figure is a clear representation of the intere st of architectures such as Da Vinci in exploring the human body rather than educating based on theology. Another significantly important artist of the Italian renaissance who expresses the ideals of humanism is Michelangelo Buonarroti in his piece The David. The giant 17-feet tall sculpture, or contrapposto of David initially started by another artist who was biblically intended to represent a young shepherd who defended the city from the Goliath. However, abandoned and later rescued by Michelangelo, the sculptures message innovated to represent the strength and divinity of the man. The Renaissance ideals of humanism were expressed in the physical and psychological balance of the piece. (en.wikipedia.org) The art piece of David shows the physical strength of a man somehow by exaggerating some features such as the hands. However, his face shows divinity and dignity of humanity, Michelangelo captures the human emotions of confidence, determination, and hope in the face of David. (en. wikipedia.org) He demonstrates his own view of the human form, Michelangelos David seems to encapsulate his dualistic view, that however noble the human body may be, itShow MoreRelatedHow Humanism Affected Art in the Renaissance764 Words   |  3 PagesHumanism affected the art of the Renaissance because of how Renaissance artists became increasingly interested with humanist concepts, and because of how they tried to incorporate humanist beliefs into their art. Artists conveyed their humanist beliefs by using new techniques such as perspective, and by painting more realistic figures. In addition, humanism encouraged artists to paint using new secular themes that were rediscovered along with classical art and texts. 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