British Airways Management Environment

The executives Environment: British Airways Introduction This report includes investigation of the authoritative structure of British Airways and its PEST examination. The board and its association in an open restricted organization are crucial for any organization to be fruitful. There are various kinds of authoritative structures, which are satisfactory, in broad daylight constrained companies.Advertising We will compose a custom report test on British Airways Management Environment explicitly for you for just $16.05 $11/page Learn More One such structure is the vertical framework where there are a couple of individuals at the top who settle on the organization choices. The quantity of people increments at the center level administration and lower level positions. This sort of framework is bureaucratic in nature. Level structure is another type of association where there are barely any situations at the top and that expansion in the following line. There are barely any administrato rs and numerous equivalents at the low level. The last structure is the divisional framework which includes partitioning capacities and duties dependent on claim to fame and topography. The open restricted organization to be examined in this report is British Airways, which utilizes the, flat structure (Henry, 2008). The figure on the following page speaks to the hierarchical structure for British Airways. Figure 1: Organization structure of British Airways (British Airways, 2009). The CEO heads the hierarchical structure of British Airways, and beneath them, they have clients and activities official, the board and those straightforwardly answering to the CEO. They are the cerebrums behind dynamic in the organization. BelowAdvertising Looking for report on business financial matters? How about we check whether we can support you! Get your first paper with 15% OFF Learn More The official of the organization, are the individuals who are engaged with actualizing the choices made by the official. These incorporate the correspondence, clients and speculation offices (Rainey Hal, 1997). The official at that point passes the mantle to the following level that guarantees the running of the organization is smooth at the administration level. The administrators at this level guarantee all the details of the organization are set up. The low levels guarantee that all the organization exercises are done precisely to guarantee viability. The separating of the administration levels guarantees that, administrators have a couple of subordinates underneath them. This technique is powerful in that, the managers work intimately with those underneath them a move which end up being profoundly viable. The incorporation of the clients office in the organization helps in better conveyance of administrations on the grounds that the agents present the perspectives on the clients. The authoritative structure of British Airways diminishes the wasteful aspects which would have happened in the execution of obligation. The structure guarantees that all offices are spoken to in the top administration. This guarantees data moves uninhibitedly and productively through all the offices (Blau Scheonherr, 1971). The association of British Airways like some other organization will experience the ill effects of various outside weights. The outer condition of association influences the companies’ dynamic and administration conveyance. The PEST examination of the organization recognizes various variables which will influence British Airways’ authoritative structure. The elements incorporate political and legitimate elements, monetary elements, social and social variables. Political and lawful elements that influence the organization incorporate fear mongering which has been on the ascent in the ongoing years. This has prompted the presentation of new safety efforts by the legislature. This has made dread among clients along these lines diminishing their enthusiasm t o make a trip prompting loss of market by the aircraft. There have been significant administrative changes which have permitted numerous organizations into the aircraft business in this way expanding market rivalry. There is additionally postponed dynamic in the open segment, which influences the aircraft (Goodsell Charles, 1994). English aviation routes being an open restricted organization is dependent upon government subsidizing, however this financing has diminished due privatization of part of the organization. This implies dynamic is no longer with the administration however with the proprietors of the organization. A significant legitimate factor which influences British Airways is intensity of exchange unions.Advertising We will compose a custom report test on British Airways Management Environment explicitly for you for just $16.05 $11/page Learn More The laborers worker's organizations have constantly requested higher wages and advantages to their individuals. This has com e about to strikes, for instance, those held between August 2004 to August 2005 and which influenced ordinary working of the organization. Monetary variables will emerge because of viewpoints, for example, the expansion in costs of contributions of the aircraft business. The present insurrection in the Arab world in nations, for example, Libya, Iraq, and Egypt has driven the costs of fuel extremely high. This implies, the costs of air voyaging will expand accordingly coming about to less individuals paying for administrations with British Airways. These will thusly decrease the benefits prompting poor help conveyance. Another financial angle is the monetary downturn which has hit the entire world. This has influenced the carrier so that, it needs to work with a slight financial plan. The quantity of clients has likewise decreased with the greater part of them choosing the less expensive carriers and having less occasions. The expanded rivalry from different carriers both nearby and universal has restricted further development of British Airways because of decrease in yields. There is likewise high expansion which has expanded the average cost for basic items of residents. This has constrained them to chop down their financial plans by for instance picking less voyaging and relaxation in order to spare. Social factors that influence the association structures of the British aviation routes are segment, social changes and boss representative relationship. These progressions influence the size of the potential market along with the client needs. The segment changes have come about to a dim age who spend much on relaxation and voyaging. This implies the carrier should out stretch it assets to provide food for such an interest. The social changes have brought about changes in way of life, tastes and forms. This has come about to client prerequisite to go to energizing endeavors which may be accessible at aircrafts goal. With such changes, the carrier has been compe lled to wander in a new area or loss of business. The worker manager relationship has decayed in the ongoing past with the representatives striking in order to have expanded pay rates and to contradict mass conservation. This has prompted monstrous misfortunes to the organization (Brassington Pettitt, 2007). Mechanical changes are different angles that influence British aviation routes. The innovation included the carrier area is costly and quick moving. The carrier comes up short on the assets to introduce frameworks, for example, registration framework which encourages clients to get to data about their itinerary items online.Advertising Searching for report on business financial matters? We should check whether we can support you! Get your first paper with 15% OFF Find out More Innovation assumes a urgent job in aircraft control and hence, ought to be of high caliber to forestall debacles. This factor powers the carrier to put resources into it in order to beat the opposition. Switching advertisement executing exceptional innovation ahs anyway been extravagant for the organization. With legitimate interest in innovation, the aircraft would make crafted by their workers and clients simpler. English aviation routes has been effective somewhat. The organization has enlisted achievement however with troubles. These can be recognized from the authoritative structure and from the PEST examination. Victories from the authoritative structure are as per the following: Division of the board into little parts settles on execution and usage of choices made by the official more straightforward. This is on the grounds that a director has just a couple of subordinates beneath the person in question. There is free correspondence between the two workers and businesses which have diminished on the strike activities coming about to better critical thinking system. The authoritative structure guarantees that there is smooth running because of division of work where an individual knows about what is should have been done (Golembiewski Robert, 1962). Triumphs dependent on PEST are as per the following Political variables have prompted the expansion in security which has gone to be a bit of leeway since clients have a sense of safety when they are going with BA. This has prompted increment in number of clients and thusly prompted a blast in the business. Expanded rivalry has come as a triumph since BA has attempted to enhance it administration conveyance in order to stay at the top. As far as the financial variables achievement is obvious in the British Airways’ development through merger and privatization where the administration has permitted an expansion of individual investors into responsibility for business. Accomplishment from social variables is that the aircraft has endeavored to extend to provide food for the developing interest from clients because of increment in populace. Innovatively, BA has exceptionally contributed to guarantee they keep a similar pace with the developing and quick moving innovation. This has prompted quick conveyance of administration to clients (Bohte Meier, 2001). Disappointments The hierarchical structure has prompted delays in dynamic and choice execution (Wilson, 1989). This is because of numerous positions in the structure where the genuine implementers are not engaged with dynamic. Individuals on the ground are not engaged with dynamic a circumstance liable to lead in to resistance during usage. Division of work isn't conservative to any organization since it limits adaptability in the field of work. Disappointments as recognized from PEST examination ar

Quanitative Resaerch Analysis Quantitative Study

Question: Examine about theQuanitative Resaerch Analysisfor Quantitative Study. Answer: Presentation: In the view purpose of Ang, Rockstuhl and Ng, (2014), the reason for an examination is to clarify the variety on the planet. Factors are the names given to the difference that an analyst wishes to clarify in the examination. In any sort of analysis, there stay two factors, the reliant one and the autonomous one. The factors are the powers or the parameters that causes an adjustment in another variable. This specific diary is planned for distinguishing the various factors utilized by Zhang and Oczkowski, (2016) in their examination Exploring the potential impacts of ostracize alteration heading. An itemized investigation of the factors utilized in the quantitative examination will be continued. The exploration depends on the multifaceted change of the doled out ostracizes over the diverse social and national limits because of globalization. Notwithstanding the examination of the factors, the diary will concentrate on the inspiration remembering the factors for the applied structure an d the extent of remembering different factors for the investigation. Factors of the Research: The significant factors that have been perceived in this specific investigation are multifaceted modification, social insight and the social change. Aside from these factors, there are different factors like age, sexual orientation, calling and work environment experience also that have been perceived as different factors of the examination (Zhang Oczkowski, 2016). These factors can be clarified underneath: Subordinate Variables: Subordinate factors are the ones that are influenced at the hour of leading an exploration. Multifaceted modification (CCA) is the reliant variable of the examination (Zhang Oczkowski, 2016). Culturally diverse modification has been characterized as the major mental factor, generally known as mental stuns that are the qualities of specific indications of a person to act as indicated by the circumstance. As called attention to by Crowne, (2013), socially balanced exiles will in general be increasingly open to the host culture. They can include new practices and standards as indicated by the host nations. The total research paper depends on this depended variable. Autonomous Variable: Autonomous factors are the ones that are controlled at the hour of directing the examination. The free factor that has been recognized in this examination is social knowledge (Zhang Oczkowski, 2016). As per Malek and Budhwar, (2013), social knowledge is the capacity of an individual to relate and work successfully in a multifaceted situation. The social insight of an individual relies upon the components like disposition, psychological force and the conviction of an individual. Social insight or social asymmetry has the moderate effect on altering the progressions and the difficulties in the earth. Mediating Variable: The mediating or the delegate variable is the one that is utilized to get a connection between the two factors utilized in the examination study. The mediating variable utilized by Zhang and Oczkowski, (2016) is alteration heading. It is the capacity of an individual to adapt up to the circumstance where they have a place with on the off chance that if there is a distinction in the way of life of the individuals present in a specific spot. This variable has been valuable in understanding the connection between the variable and autonomous variable. Inspiration for Including the Variables in the Conceptual Framework of the Research: The point of remembering these factors for the hypothetical structure of the examination is to fuse the critical components that control the capacity of an individual to adapt up to the circumstance with socially various individuals (?ahin, Gurbuz Kksal, 2014). So as to reveal the significant exact connection between the two factors, it is critical to make a two-way stream exile and this rouses the creators to consolidate the two factors in the calculated system of the examination (Zhang Oczkowski, 2016). Furthermore, the capacity of an individual to alter with the circumstance and the result of the alteration is similarly significant. These are the purposes behind consolidating the factors in the reasonable system. Methods for Measuring the Variables: The creators have utilized the examining size of 200 respondents in determining at a specific end. The Australian ostracize in China and the Chinese exiles in Australia were the significant center gathering of the investigation. The under graduated understudies were the significant center gatherings who were thought about for the specific research study. The needy variable multifaceted change has been spoken to by two sub-develops SCA and PCA. So as to assess this, SCA was estimated utilizing the Black and Stephenss 14-thing scale recipe (Zhang Oczkowski, 2016). Then again, PCA the 12-thing general wellbeing scale has been applied to screen the various degrees of prosperity of the workers in authoritative settings (Zhang Oczkowski, 2016). The connection between the subjective conduct social knowledge has been estimated by the methods for these formulae. Extent of Including Other Important Variables: In the event that the foundation of the factors that have just been utilized in the investigation is thought of, it must be said that there remain the extent of including various different factors also. The most significant factors that have better extent of remembering for the examination are age, sex, intellectual conduct, understanding of the individual with other various societies. Of these referenced factors, calling and the experience of managing individuals from other culture can be considered as the most significant factors that would shape the examination concentrate the correct way. End: An investigation of the various factors utilized by the creator in the examination has been done in this diary. The observational examination attempted by the creator has various factors that have been pleasantly acclimatized to get the prospected result. The reasonable system utilized by the creators assisted with making a superior comprehension of the whole investigation in an impression. What's more, various factors that could be remembered for the examination has additionally been proposed. It tends to be handily accepted that age, sexual orientation, experience and calling of an individual are significant components that connect social insight with diverse change. References: Ang, S., Rockstuhl, T., Ng, K. Y. (2014). Execution based social knowledge (CQ): Development and approval of an intercultural situational judgment test (iSJT).Center for Leadership and Cultural Intelligence. Crowne, K. A. (2013). Social presentation, passionate insight, and social knowledge: An exploratory study.International Journal of Cross Cultural Management,13(1), 5-22. Malek, M. A., Budhwar, P. (2013). Social knowledge as an indicator of exile change and execution in Malaysia.Journal of world business,48(2), 222-231. ?ahin, F., Gurbuz, S., Kksal, O. (2014). Social insight (CQ) in real life: The impacts of character and worldwide task on the improvement of CQ.International Journal of Intercultural Relations,39, 152-163. Zhang, Y., Oczkowski, E. (2016). Investigating the potential impacts of ostracize alteration direction.Cross Cultural Strategic Management,23(1), 158-183.

Book Riots Deals of the Day for August 12th, 2019

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15th Judical Court in Colorado - 813 Words

During the morning fall hours of November 7th, 2013 within the minute desolate rural community of Cheyenne Wells, Colorado as entered the historic three story Victorian style building in which the 15th District Court of Cheyenne County which was playing host to several criminal court cases according to the court docket. The county happens to be the sixth least densely populated county within the state of Colorado in which provided a shocking revelation as the vastly large docket of criminal offenses in which was scheduled to be heard this morning. In order to access the courtrooms on would began by walking to the second floor of the county building building were Sheriff Ken Putnam was found standing outside the courtroom next to a metal detector. Sheriff Putnam was acting as the court security officer. The job description of a courts security officer is to ensure that no one enters the courtroom with a weapon unless they are a law enforcement officer directly related to a criminal case. For law enforcement officers attending that are not directly involved in the court proceedings they also are not allowed to carry firearms into the courtroom as set by a provisions in the Colorado Revised Statutes. The court security officer also continuously watches all doors and roams throughout the floor where the hearings are occurring to watch for any suspicious activity. Once the courtroom room is in sessions they are position in close proximity to the judge. Once in place they will

Principles Of Informed Consent For Patients With Acute...

Fidelity It is a principle that pertains keeping promises, especially by the physician or nurses, made by a patient. It requires telling the truth, being loyal, and advocating for the patients (Ethics Resource Center, 2009). It encourages the commitment of health care providers to the consent of the patient using their highest level of knowledge and skills, for example, commitment to provide end of life care for patients with acute illness, i.e., palliative care with no medication (Fowler Hammer, 2013). Beneficence and non-maleficence Beneficence is a principle of well-doing and advocating for patients while non-maleficence is for avoiding harm or injury to patients. (Phang, 2014; Baeuchamp Childress, 2009). Both are indirect†¦show more content†¦In the US, the initial system concentrated on physician knowledge about an intervention and not the patient requirement, i.e., the physician was to decide the best practice as well as information to disclose to a patient. However, there was a recognizable trend towards the informed consent (Culhane et al., 2012). A case between Salgo and Leland Stanfors Jr. University Board of Trustees clearly provided a clear indication of the court resistance and struggle to adopt the autonomous approach rather than the physician paternalism (Culhane et al., 2012). The jury argued that the patient has the right to information of any risk associated with a practice. However, they argued for the physician in the sense that he/she is placed in a position to make choices that prot ect the patient. In the UK, like in the US, there is a growing shift from the traditional approach of the Bolam test to a patient-centered approach (Culhane et al., 2012, p. 567). In the Bolam case, the argument is that a physician is legally correct is acting according to the standard accepted in medicine. The court ruling was that the doctor was not liable for practice violations if the practice did not require disclosure of the risks of its application (Culhane et al., 2012, p. 568). Another similarity is the initial reliance on some degree of â€Å"professional standard of disclosure in their informed consent doctrine (Culhane et al., 2012, p. 579). As noted in above the

How Procter and Gamble Moved to Electronic Documents Free Essays

The Business Problem PG faced problems managing the vast amounts of paper required for a company that develops drugs and over-the-counter (OTC) medications. Regulatory issues, research and development (RD), and potential litigation generate even more paper documents and files. As a result, PG wanted to gain control of its company documents, reduce administrative oversight of its paper documents, reduce costs, accelerate RD initiatives, and improve tracking and signature compliance. We will write a custom essay sample on How Procter and Gamble Moved to Electronic Documents or any similar topic only for you Order Now PG decided to adopt an electronic document management system. When PG moved to electronic documents, it had to ensure that it could authenticate digital signatures and build signing and storage processes into its daily workflow. Further, PG’s legal department wanted to ensure that it had a legally enforceable signature on file. The IT Solution PG turned to IT integrator Cardinal Solutions (www. cardinalsolutions. com) to implement Adobe LiveCycle Reader Extensions and Adobe LiveCycle PDF Generator (www. adobe. com), which would function with PG’s eLab Notebook program. These software packages would manage, review, approve, and sign the huge volume of RD information, including files created with Microsoft Word, Excel, and PowerPoint. PG adopted the pharmaceutical industry’s Signatures and Authentication for Everyone (SAFE) BioPharma Association standard. This standard was established to help companies go paperless and still interact with regulatory authorities on a global scale. PG’s initiative focused on implementing methods to manage digital signatures and creating a method to confirm the identity of the signer. The company’s IT and legal departments agreed that the standard met the company’s business needs and risk requirements. Instead of recording information from experiments in paper notebooks – along with numbering each page, signing it and having a witness sign it – researchers can now use word processing programs, spreadsheets, presentation software, and similar tools to generate project notes and other necessary documentation. After a researcher has collected all the data, LiveCycle PDG Generator creates a PDF document and prompts the person creating the file to add a digital signature. The system requires the use of a USB token for authentication. At that point, LiveCycle Reader Extensions embeds usage rights within the document. The Result Today, once a digital signature is added to a file, an auditor can immediately view the document and all activity related to the document. The auditor right-clicks on the signature and views the entire audit trail. The signature can also be appended as a last page of the file so that it can be shared externally when necessary, such as in a court of law. The system saves PG time and money. Researchers no longer have to spend several hours per week archiving paper files from their experiments. In addition, PG is able to quickly retrieve large volumes of data that may be needed for government regulators or business partners. PG projects that it will achieve tens of millions of dollars in productivity gains by using the system. The typical employee will save approximately 30 minutes of signing and archiving time per week.. How to cite How Procter and Gamble Moved to Electronic Documents, Papers

Investigatory Project Essay Sample free essay sample

The aim of the first portion of the survey was to happen the best ratio of ink utilizing C from used batteries and wood coal as pigments. The ink was evaluated on the footing of how much pigment is suspended in the mixture and their shelf life. The 2nd portion was aimed at the production of C paper. The best sorts of ink were tested on two mediums. voucher bond and onion tegument. They were besides tested for efficiency in footings of the figure of coatings needed. The C paper was evaluated on the footing of lucidity. spruceness of the print and general acceptableness. The concluding sample made usage of two coatings of the ink mixture utilizing C black. with voucher bond as the medium. The pigment ( carbon black ) to vehicle ( glycerin ) ratio of 1 g: 6 milliliter and 1 g: 7 milliliter was used utilizing C black as pigment with glycerin as vehicle. Although the commercial bond paper has better quality. We will write a custom essay sample on Investigatory Project Essay Sample or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page since it uses more technologically advanced methods. the usage of the experimental C paper was acceptable. INTRODUCTION Carbon paper has many utilizations. It has a high demand in schools. offices and other establishments. The ink used in the production of commercial C paper is expensive due to its high production costs. Because of its high cost and increasing demand. there arises a demand for a cheaper replacement. The survey besides aims to assist cut down the jobs in disposing used batteries by be printed ; and ( 5 ) nature of pigment. Glycerol is syrupy and is easy absorbed by paper and. therefore. makes it a good vehicle. Burned wood is a good beginning of wood coal. Batteries have black atoms called black mix. which is chiefly composed of C black. acetylene black doing good usage of them. REVIEW OF RELATED LITERATURE Ink is a mixture of vehicle ( liquid constituent and dissolver ) . pigment ( colourising affair ) and other substances added to leave particular qualities such as a binder. Carbon is normally used as pigment because of its low oil soaking up. easiness of scattering and low scratch to plate ware. Carbon is chemically inert and infusible at atmospheric force per unit area. which makes it an indispensable portion in the black pigment used in books. magazines. newspapers. C paper. etc. Two good beginnings of pigments that are carbonous in nature are wood coal and the black mix found in used batteries. These beginnings are much cheaper than the usual black pigments such as C black in black lead and carbon black. In order for the pigment to thoroughly dissolve with the vehicle. the pigment must be pulverized to really all right atoms. The pigment affects the belongingss of ink such as rubric and opacity. The vehicle on the other manus must accommodate the undermentioned conditions: ( 1 ) the printing system used ; ( 2 ) category and velocity ; ( 3 ) drying imperativeness required ; ( 4 ) category and texture of the surface to Coconut oil and dextrin were tested for their possible as ink binders. Harmonizing to the consequences. coconut oil was a better binder than dextrin. METHODOLOGY Black mix was obtained by opening the protective lodging of a drycell battery and exposing its C content. Then. the black mix was removed and land into really all right atoms utilizing a howitzer and stamp. Afterwards. it was sieved through a all right screen to obtain the finest consistence. On the other manus. wood coal was besides finely pulverized. It was so assorted with H2O and placed in a one-litre beaker. The mixture was allowed to settle for two yearss inside the covered and manganese dioxide. The Cs obtained from both beginnings are carbonous in nature. doing them good beginnings of black pigm ent. After two yearss. the wood coal pigments were heated to let vaporization of extra wet. In fixing the ink. the wood coal and C black pigments were combined with glycerin ( vehicle ) and coconut oil ( binder ) in different proportions runing from 1 g: 10 milliliter: 1 milliliter ( pigment: vehicle: binder ratio ) to 2 g: 14 milliliter: 2 milliliter. The solution was exhaustively assorted utilizing a stirring rod until wholly dispersed. Finally. the mixture was heated for five ( 5 ) proceedingss under medium heat and was allowed to chill down before rating. The best ratio utilizing each pigment was so compared to find which ink is more suited for C paper production. The samples were RESULTS AND DISCUSSIONS The onion paper appeared to be excessively thin to be used as a medium because it has the inclination to be torn even after one coating. The voucher bond was proven to be the better option. It takes five ( 5 ) proceedingss for a solution with a ratio of 1 gm ( pigment ) : 6 milliliter ( vehicle ) to dry up. The solution with a ratio of 1g: 7 milliliters took six ( 6 ) proceedingss to dry. The sample which used two coatings was proven to be most practical. SUMMARY AND CONCLUSION The experimental C paper is acceptable plenty to be used as a replacement for commercial C paper. The experiment was able to turn out that the pigment obtained from battery C is better and cheaper than those from wood coal. Evaluated for smoothness. consistence. and soaking up. The ink samples. runing from one to four coatings. were applied on the onion tegument and voucher bond. The different C documents were tested and observed for their drying clip. soundness and lucidity of print. After finding the best sample. a study was conducted on 20 pupils utilizing the experimental C paper and a commercial C paper. Research workers: Jonas Don Castelo Lloyd Gonzales Marcelino Quito. Jr. Miss Juanita Cruz Research Adviser Note: No portion of this article may be used or reproduced in any signifier whatsoever without written permission from the Philippine Science High School. Diliman. Quezon City. except in the instance of brief commendation as embodied in the Torahs of scientific articles and reappraisals.

None_provided Essays (284 words) - Stith, Job Interview, Free Essays

None_provided Essays (284 words) - Stith, Job Interview, Free Essays None_provided This book is an in-depth look at contemporary American popular music and the kind of musicianship that is appropriate to it. Stith attempts to explain dynamics of rock musicians by studying how the skills, ideas, and human identities associated with this population manage to be created and transmitted in the context of industrialized culture. In addition, he is trying to examine how musicians begin to take on and are characterized by that identity. Stith is interested with this phenomenon because these people were not successful or had not received a record contract, yet their identities remained intact. Stith gathered his data through six years of sporadic field study throughout Colorado, Illinois, Washington, California, Missouri, and southern France. He used both observational and interview methods in his study, however, it was participant observation that was used as a primary data-gathering technique. He presented himself as a musician and indicated in some form that he was interested in forming a group. At times he presented himself as a performer, other times as a role organizer, yet never hiding the fact that he was involved in social research. His secondary data-gathering technique was that he conducted several informal interviews with several members of these rock groups that he was associated with. These interviews were conducted during down-times, usually times where the group was hanging out, eating, traveling, etcetera. The size of the sample Stith studied and the ways in which the data-gathering techniques were administered differed from group to group, usually because his role within the population wasnt always constant. The interview questions that were asked were hardly ever uniform, they were administered differently to suit different individuals in specific situations.

High School vs College 15 Key Differences

High School vs College 15 Key Differences SAT / ACT Prep Online Guides and Tips Are you about to start college soon? Are you wondering what changes to expect? How is college different from high school?When you compare high school vs college, you’ll find many differences, some of which are obvious, others less so. It’s important to understand how high school and college are different from each other so you know what to expect and can have a smoother transition when you begin college.In this guide, we explain the 15 most important differences between high school and college and give you tips to help make this major life change a bit less intimidating. How Is College Different From High School? There’s a reason so many movies, shows, and books focus on new college students: many people see the transition from high school to college as one of the most important turning points in their life.You’re no longer a kid living under your parents’ roof; instead you’re an adult living on your own and expected to make real, important decisions about your future. You’ll have a lot more freedom, but a lot will also be expected from you, both in class and out. Read on to learn specific high school vs college differences. High School vs College: 15 Key Differences Below are 15 high school vs college differences you’ll likely encounter once you begin college. There are pros and cons to both high school and college, but knowing what to expect will make you better prepared for this big change. #1: You’ll Have More Independence The biggest change for high school vs. college is that, in college, you’ll have much more independence than you had in high school. Many people focus on the fact that you’ll be living away from your parents, and this is a part of it, but you’ll have independence in many other areas as well. You’ll have the freedom to decide what you want to major in, which classes you want to take, when you want to schedule those classes, if you want to go out with your friends, how late you want to stay out, even what you want to eat in the dining hall. (I ate Reese’s Puffs cereal every day for four years because my parents never allowed it and I was thrilled to finally be able to have it for breakfast.) #2: You’ll Be Treated Like an Adult Along with your increased independence, you’ll also be treated like an adult in college as opposed to a child under your parents’ care. In college, you’ll no longer need to bring your parents permission slips to sign, you’ll be trusted to make your own choices for what you want to study, and you can arrange meetings yourself, without Mom and Dad helping you. For many students, it’s exciting to finally be viewed as an adult, but it also means an increase in responsibilities. If you have a problem with or question about homework, classes, a grade you got, etc.,you are the one who will need to solve it. You can’t expect your parents to call the school and fix the problem for you like they may have done in high school. #3: There Will Be a Wider Variety of Classes to Choose From In high school, you didn’t have a lot of choice in regards to which classes you took. You could probably choose a few electives, but your schedule was mostly filled with the standard math, science, English, and social studies requirements that all students had to take. In college, even if you attend a smaller school, you’ll have many more options. They’ll be a wider variety of classes to choose from, and many of them will focus on more specific topics like astronomy, ancient Roman history, French literature, the geography of the United States, and more.Many college students like this increase in class options since it makes it easier for them to choose classes on topics they’re really interested in. #4: Classes Will Have Different Formats and Sizes Each class you took in high school probably had about the same number of students and consisted mostly of lecturing, maybe along with some individual or group work. This isn’t true in college.Classes can range from two to 500 students, and their format can vary widely as well. Classes may be completely lecture-based, require hands-on lab work, or be discussion-based where you spend most of class time engaged in conversations or debates with your classmates and professor. #5: Your Schedule Will Be More Complicated In high school, school started and ended the same time every day, and your class schedule was probably the same for every day of the week.In college, things get a little trickier. Some classes meet three times a week for an hour and a half, some meet five times a week for an hour, some meet once a week for three hours, etc.This means you’ll likely be starting and ending class at different times during the week, and you may end up with a different class schedule for every day of the week. Some people like the variety this gives them, but it’s important to stay on top of your schedule so you don’t wind up forgetting to attend class. #6: You’ll Have a New Set of Classmates One of the most jarring things for many new college students is they’re no longer surrounded by classmates and friends they’ve known for years. Instead, you’ll be in a sea of strangers (at least at first), many of whom come from different areas and backgrounds than you. Additionally, you'll likely have a different set of classmates for each of your classes. That's a lot of new faces! This means you have lots of opportunity for making all kinds of friends, but expect there to be some awkwardness and loneliness at first as everyone gets to know each other and figures out their friend groups.Additionally, since in college everyone wants to be there (at least on some level), you may find your college classmates more motivated and dedicated to doing well in school compared to some of your high school peers. #7: Classes Will Require More Critical Thinking Is college hard compared to high school? Going to college isn’t just like attending four more years of high school. This is a big step up in your education, and your classes will be more challenging and expect you to keep up.You’ll be tested less on memorization and basic regurgitation of facts and more on critical thinking skills and being able to apply what you learned in class to other situations. You may learn a specific math equation and then be asked to apply that knowledge to more challenging types of equations, learn about different historical events and be asked to analyze how they affected future events, learn a scientific process and be asked to describe how it affects the environment, etc. #8: College Costs More There’s no way around it; college definitely costs more than high school. Tuition is thousands of dollars, and you’ll likely be paying for room and board as well. And those are just the main costs. College requires all sorts of smaller purchases too, like special goggles for your chemistry lab or official test taking booklets for final exams. Buying just one college textbook (often over $100) is enough to never let you take for granted all free materials you got in high school. #9: You’ll Spend Less Time in Class Most full-time college students spend about 15-20 hours in class a week, which comes out to about three or four hours a day. This is probably much less time than you spent in high school classes every day which means you’ll have a lot more unscheduled time to spend how you think is best. #10: You’ll Have More Schoolwork Don’t get too excited about spending less time in class; college definitely knows how to keep you busy. The general rule of thumb is that you’ll spend about three hours a week on schoolwork for every one hour of class you’re in. With a standard schedule of 15 credits, that means you can expect to spend 45 hours a week on schoolwork, about as much as a full-time job!This is often much more work than students had in high school, so you should be prepared for an adjustment. #: Attendance Will Be Up to You In high school, you had to go to class every day because if you didn’t, you could get in trouble for truancy or (sometimes even more frightening) your parents could find out.In college, there are no requirements for attending class, and no one is going to call your parents if you don’t show up.However, don’t make the mistake some college students do and think this means you don’t need to go to class. Many professors include attendance as part of your grade, and some will even fail you if you miss a certain number of classes without a valid excuse. Plus, it’s often very difficult to do well in a class if you never show up, and you’re paying a lot of money for these classes! Make sure you get the most out of them that you can. #12: You’ll Have More Social Opportunities Even if you were a social butterfly in high school, you’ll have tons more opportunities to be social and make friends in college. There will be sports teams to join, parties to go to, clubs you can be part of, and more.Most colleges are large enough to have something for everyone, so you’re bound to find an activity you’re interested in, whether that’s a recreational hockey team, the student government group, a club focused on promoting renewable energy, and more. There are also likely many more students at your college than there were at your high school, so your opportunities for making friends will multiply as well. However, you do need to make an effort to get the most out of these opportunities. Push yourself to try new things and strike up conversations with new people, and if you're feeling nervous, just remember that they're likely feeling the same way. Standard questions to ask new people you meet in college include: Where are you from? What dorm do you live in? What are you majoring in? Get ready to ask and be asked these questions a lot! #13: It’ll Be Harder to Stand Out Once you start college, you won’t be a big fish in a small pond anymore, and it’ll be harder to stand out from the crowd.While in high school you may have been the star student/athlete/singer, in college you’ll be surrounded by many talented classmates, many of whom were also the best at something in high school.Some students struggle with no longer automatically standing out, but there are plenty of benefits to this. First, you’ll be able to bond with other students who are also skilled at your talent. If you were, say, the star drama student at your high school, you may not hold the same position in college, but you can befriend all the other high school drama stars and create some awesome shows together. Additionally, some students like the anonymity being a new college student brings. If you’ve been labelled as a jock or theater nerd for all of high school, going to collegewhere people don’t know youallows you to shed or alter that identity if you wish and try new things (or try the same things with less pressure). #14: You’ll Get Fewer Grades in Class In high school, you probably had daily homework assignments you had to complete and got a grade for. These, along with some larger projects, quizzes, and tests made up your final class grade. If you got a low score in one, it was usually fine since there were plenty of other chances to make up for the low grade. Once you start college, you may find that many classes have far fewer assignments, meaning you’ll receive fewer grades and each of those grades are worth more.Instead of regular homework assignments and quizzes, many college classes are based only on a midterm grade and a final grade. This means you need to take those exams/papers/projects very seriously because if you mess up on one of them it’ll be very hard to raise your class grade back to where you want it to be. #15: You’ll Be Doing Lots of Reading You know those pictures of exhausted-looking students sitting next to a pile of textbooks they need to get through? That’s how many college students feel.Expect to do lots of reading in college, including textbooks, journal articles, and literature.If you’re majoring in a field like computer science or math you can expect less reading (and more homework), but you’re still guaranteed to have at least a few classes where you’re assigned to read a couple dozen textbook pages before the next class. You’ll get to know your school’s library very well. Tips for Making the Transition From High School to College Going from high school to college can be tough no matter how excited you are to start at your new school. Below are three tips to help make the transition easier. Know There Will Be Changes You’ve already taken one of the most important steps to prepare for transitioning from high school to college: you’re expecting and preparing for the differences.When you know that the high school to college transition will bring major changes, you'll be more prepared for anything that comes your way. Be Prepared for Some Bumps Many movies about college make it seem like new college students immediately find a group of close friends, know exactly what they want to study, and have an awesome social life. In reality, it rarely works like this.Many new college students have moments where they feel awkward, lonely, and homesick. This is completely normal; after all you’re making a major life change. By managing your expectations of college and not expecting to love it right away, you can better manage the transition from high school to college and not end up disappointed when it takes a little while to feel comfortable. Put Yourself Out There When you first start college, there will be a lot of changes, and it’ll be easy to hang out in your dorm room and text with your high school friends. However, you should resist this urge. College is probably the best time you’ll ever have to meet new people and try new things, so you should take full advantage. Keep your dorm room door open to meet your neighbors. Strike up a conversation with your chemistry lab partner. Join a club or sport you’ve never tried before.Not only will this make the transition from high school to college easier since you’ll be meeting more people, you may discover a new friend or hobby. What's Next? Not sure which college you want to go to? Check out our guide on choosing the right college so you can make the best decision. Stressing over college applications? We're here to help! Our step-by-step guide breaks down the complete college application process from start to finish. Worried about choosing a major on your college applications? Learn how to navigate the process and make an informed decision. Want to improve your SAT score by 160 points or your ACT score by 4 points?We've written a guide for each test about the top 5 strategies you must be using to have a shot at improving your score. Download it for free now:

FIN CASE STUDY Example | Topics and Well Written Essays - 500 words

FIN - Case Study Example Other nations have invested heavily in China due to their best known expertise on electrical gadgets including motors. With the china transition, the growth and efficiency was associated with the rapid increase of the factors China had without associating the ownership institutional factors while the World Bank was able to use financial institutions in developing its strategy. 2. The Chinese people lost their investments during the Second World War shuttering down their dreams of developing globalization. Shiseido organization was able to establish businesses in countries outside china by expanding them to Europe and North America. The market conditions affected the business which was different from their normal conditions. The introduction of the foreign firms also led to the loss in the market share of China. Shiseido was quite clever by the fact that they built Auples, women cosmetic brands that boosted Chinese women. It later led to the construction of a larger network that increased the Chinese stores. 3. In my opinion, the regulations focus on the variables that lead to financial crisis in all the cases are unemployment and inflation. Other causes can be indebtedness with the various liabilities that are both private and foreign. There is also a crisis of currency that affects the banking in both the cases that leads to the introduction of the banking regulations. Most of the emerging countries have a vulnerability to the crisis that is caused by large liabilities that overflows the capital in question. On the other hand, the rules and regulations can be advantageous by changing the banking system that will generate more income and reduce the inflation and employment problems. With the economic contagion, there should be an introduction of more job careers with stable terms and conditions. This will enable the economies to reduce inflation. The government body should come in and impose revenue

Organisational Ethics in OPEN24 Essay Example | Topics and Well Written Essays - 1750 words

Organisational Ethics in OPEN24 - Essay Example For a company organization is a means to an end in order to achieve its goals. In this sense, organizations can be distinguished into two fundamentally different sets of objectives: The team of financial advisors is highly focused, trained up and very aggressive sellers, they concentrate on non walk-in customers and their objective is the selling of business loans. Increasing competition in the marketplace combined with rather draconian cultural internal problems such as bureaucracy, poor communication, and perceived lack of personal job advancement possibilities has led the employees to high levels of frustration many times in the past. 'All organisations begin with some sort of Vision, an initial spark which causes its creation. The organisation's Vision is essentially the dream which unites a core group of people and inspires them to try and make the dream a reality.' We can say that Open24 has a vision on what it wants to achieve in the near future. All employees work towards these visions and indeed if they work as group, then there is no reason as to why they should not achieve their organisational goals. Open24 organisation's pur...'All organisations begin with some sort of Vision, an initial spark which causes its creation. The organisation's Vision is essentially the dream which unites a core group of people and inspires them to try and make the dream a reality.' We can say that Open24 has a vision on what it wants to achieve in the near future. All employees work towards these visions and indeed if they work as group, then there is no reason as to why they should not achieve their organisational goals. (Ping, 1996)Â   Open24 organisation's purpose grew from their vision and in articulating its mission; they should have stated how it will seek to bring the vision to reality. 'It is stating what its 'Unique reason for being' is, and what the values are that will give meaning to its purpose.' (Ping, 1996) When it comes to organisational ethics, it is here in the mission statement that the seed is planted which gives rise to the 'shared set of beliefs' that will determine the organisation's climate of opinion. (Ping, 1996)Â   The main problems that the department faces and can prevent from the above mentioned plans are the following: Strict Management that creates employee dissatisfaction thus, high employee turnover ratio.Poor communication. Internal competition between OPEN 24 and the main net of Eurobank's branches. Â  

Advantages and Disadvantages of Internet in Business

Advantages and Disadvantages of Internet in Business 50 years ago people started using the Internet in the world. With the development of internet, there arisen many accessories by the internet. The Taobao website is one of the commonly used websites in China, Which plays a leading role in Chinese e-commerce industry. People buy products online through Taobao. The Taobao Company made significant profits in recent years. In this report, it is going to display the advantages of using the Internet in Taobaos business. in the first part. In this part, the report mention about the Taobao GDP contribution, new management mode build up and job opportunities provided. In the second part, the report illustrates that the disadvantage of using the Internet in Taobaos business, in this part of view, the report points out the time-wasting, risk in internet shopping and negative impacts of business efficiency. This essay aims to analyze the advantages and the disadvantages of using the internet in Taobaos business. The advantages of using the internet in Taobaos business The first advantage is the GDP contribution by Taobao internet business. According to the online auction statistic from Chinese Network Information Center (CNNIC) in 2006, there were totally 12.27 million internet users in Beijing, Shanghai and Guangzhou which are the top three cities in China. The data which included 3.3 million people who experienced the internet online transactions. It shows that there are huge internet-shopper populations in China, especially for the economic-booming cities. Taobao plays a leading role in e-commerce industry and gain plenty of loyalty customers, most of willing to introduce Taobao to their friends who attempt to go shopping in the internet. Under the large user volume, Taobao gives the reason why it can create GDP increasing. According to the data from 2008 China Online Shopping Report, Taobao occupied 67% of Chinese C2C market in 2005. Furthermore, in 2007, it owned 70.4% of online customers. Taobao could have more than 10 million RMB businesses only in one month. Taobao could bring more than 1 billion RMB to Chinese GDP. As the income, expenditure and output influence the GDP increase, thus, with Taobao development, more GDP increase could be bring. Nowadays, Taobao became an essential part of Chinese GDP increase. Taobao started Chinese internet shopping business model. Hoskins (2002) points out that the internet is absolutely cheaper than other traditional media. The internet market can cover the whole world customer. The internet business may generally replace the traditional businesses. Because Taobao belongs to e-commerce, the communication of the organization is not as same as those companies who operate in a specific space. In order to make communication sufficiently under business operation, Taobao is forced on the three main areas of management. First, Taobao create an online communication tool which is called Aliwangwang for Taobaos buyers and sellers. According to Trites (2008), Aliwangwang, which is ranked as the most satisfied service of Taobao, because the third party is unnecessary for the communications between sellers and buyers? Second, Taobao designed a new feedback system. Li el at. (2007) display that the sellers will give the feedbacks within a period of 14 days, the sellers reputation will be influenced by buyers feedbacks. If a seller got 10% dissatisfied feedback, the system will shut down the booth in two months. (Source: Research on Chinese C2C E-Business Institutional Trust Mechanism: Case Study on Taobao and Ebay.cn, 2007) In the figure 1 which displays above, it is clearly shows that the feedback mechanism in Taobao. All sellers in Taobao have to be evaluated by this feedback data, if any sellers more than 30% negative total negative feedback data, it means they could lost the chance to do business in Taobao. Third, the design of Taobaos website is attractive, the fashionable website design style always catch young peoples eyes, even a part of elder customers are willing to suffer Taobao because the website design style. Taobao divided products into different categories, such as men, women, baby, and electronic products. After click the guild link, the customer can find more details for the selling goods. It is easily and efficiently to find the products what they want. According to China Economic Analysis (2002), China has 7% unemployment rate almost reached the national unemployment rate warming level. Taobao provided job opportunities to the unemployment population. According to Li el at (2009), Taobao provided more than 600 thousands job opportunities. Among 570 thousand people enjoyed the employment chances provided by Taobao. Many sellers in Taobao traded their business as their careers and many of them had better lives depends on Taobao business. Under the stiff competition, there are a large of unemployment people with business vision but cannot find a job in top business companies. They use Taobao to fulfill their dream, some of them have their own clothes manufacturing factory after they started business in Taobao. For example, in 2009, the unemployment in Jiangsu Province located in the south of China has serious unemployment rate which shows 3.09 %. The data from the local government shows that Taobao offered 5.7 million job opportunitie s directly and more than 10 million job opportunities indirectly. Such as the development of Delivery Company, the needs of delivery employee must be increase.(Pan, 2001) The disadvantages of using the internet in Taobaos business Young people spend too much money on Taobao internet shopping. Because the selling prices in Taobao are cheaper than in the other places. According to Pan (2001), pricing has a significant influence for selling goods but with negative coefficient and absolute value. Because buyers cannot identify the goods visually, the high price goods are harder to sell. Beside, Majority of young people cannot afford the high price products which are sold in other shops. For this reason, they prefer to shop at Taobao. Moreover; many sellers on Taobao, who work as part-time, spend too much time on their business. When they concentrate on their Taobao business, their assignments form the company maybe delays. It is difficult to avoid the risks for the seller and buyer on Taobao. Kiang el at. (2009) discovers that the buyers have to accept the high risks for purchasing online. For this reason, this leads to a significant obstacle in internet commercial business. Credit card fraud problems, is caused by people who make business on the internet, are continuously increasing. Only after information flow, capital flow and logistics finished backflow, the business deal could be regarded as a completed transaction (Zhang, 2008). For the sellers risk, they have to responsible for some missing goods, even though the delivery companies compensate 50% of goods price. For customers risk, it is hard to post customers some electronic devices. Meanwhile, this kind of products is easy to be broken down. If the customers discovered the damage of the products, after they receive broken goods, they could not return the goods to the seller. The internet shopping makes the efficiency of Taobao decrease. According to Ray (2002), the organizational effectiveness has a significant influence on recruiting talented people and company development. According to Worthys (1962) organizational structure theory, there are two organization structural performances which are the flat organization structure and the tall organizational structure. Whatever the organization belongs to, the communication is always the important part of organizational development. Taobaos employees are separated in the whole of the world. The communication between employee and superior is difficult that the other companies. Even though when some problems arise, the employees can use the internet to communicate with Taobao headquarters. Because of the long distant, plenty problems cannot be solved immediately. Taobao have no too much hierarchical management level, but personally, it belongs to tall organization structure because the communication hard to tra nsmit to the top manager as fast as possible. For this reason, the organizational effectiveness could be influenced. The talented people could be affected by companys performance. Taobao could loss the technical support from those talent people. Conclusion This essay analyzes the advantages and the disadvantages of using the internet in business. The essay uses Taobao e-commerce website as an example. Based on the data from eight resources, the essay divides the whole article into two parts, the advantages of using internet in business and disadvantage of using internet in business. To analysis the reason why Taobao could rapidly increase in resent year and gain more market share. For positive influences, the first the report shows that Taobao is devoted to increase the Chinese GDP under large internet user number, and then the report analyze the new management mode running and management in Taobao. The last, decrease the unemployment rate in China be point out in the essay and how Taobao plays a key role in this social problems. In negative aspect, many people spend too much time and money on online shopping, because the young people do not how to balance their finance. Besides, internet business brings more risks between sellers and buyers, the report introduce the risk could arise in which aspect. Furthermore, internet business could influence the effectiveness of Taobao, the report analysis the reasons and explain the relationship between the talent people and organization efficiency.

Business Ethics and Corporate Social Responsibilty Essay

Business ethics and corporate social responsibility Introduction Anglo American is one of the world’s leading mining companies. It is a UK public limited company and operates on a global scale. Anglo American operates mainly in the primary sector of the world economy. This, as the name suggests, covers industries involved in the first stage of economic activity, such as mining and agriculture. Anglo American operates throughout the world. It has extensive operations in Africa, where 76% of its employees live. It is also a major employer in Europe. Its Tarmac aggregates and construction products business employs nearly 7,000 people in the UK. As a primary producer, Anglo American plays an important role in the world economy. Anglo American produces five main types of raw material.†¢ Business ethics †¢ Corporate social responsibility †¢ Effects of ethical behaviour †¢ Benefits of ethical behaviour Public limited company: a company whose shares are traded on the London Stock Exchange, denoted by the initials plc. Primary sector: the first stage in producing goods. Pressure group: an organisation formed by people with a common interest who get together to further that interest, for example, nongovernmental organisations. Ethics: moral principles or rules of conduct and behaviour accepted by members of society. Corporate social responsibility: the responsibility of an organisation to wider society, to a range of stakeholders including the community and society at large. Mining operations can have a big impact on the environment and on the societies where they work. Since most mineral resources belong to nation states, mining companies largely depend upon a licence to operate from governments. This allows them to extract and process minerals in return for investment and the payment of taxes and royalties. Increasingly it is also important to get the consent of local communities to mining development – a ‘social licence’ to operate. Like all businesses, mining companies are under increasing scrutiny from pressure groups as well as the general public. Anglo American seeks to adopt fair and sound business practice. The company believes that it has an important role to play in building the capabilities of the communities where it works. Issues such as combating corruption and promoting revenue transparency are high on the company’s business agenda. This case study shows how Anglo American seeks to make ethical choices in its business practice. What are business ethics? Business ethics are moral principles that guide the way a business behaves. The same principles that determine an individual’s actions also apply to business. Acting in an ethical way involves distinguishing between ‘right’ and ‘wrong’ and then making the ‘right’ choice. It is relatively easy to identify unethical business practices. For example, companies should not use child labour. They should not unlawfully use copyrighted materials and processes. They should not engage in bribery. However, it is not always easy to create similar hard-and-fast definitions of good ethical practice. A company must make a competitive return for its shareholders and treat its employees fairly. However a company also has wider responsibilities. It should minimise any harm to the environment and work in ways that do not damage the communities in which it operates. This is known as corporate social responsibility. ANGLO AMERICAN 25 www. thetimes100. co. uk The law is the key starting point for any business. Most leading businesses also have their own statement of Business Principles which set out their core values and standards. In Anglo American’s case, this is called ‘Good Citizenship’. A business should also follow relevant codes of practice that cover its sector. Many companies have created voluntary codes of practice that regulate practices in their industrial sector. These are often drawn up in consultation with governments, employees, local communities and other stakeholders. Anglo American has played an active part in initiatives such as the Extractive Industries Transparency Initiative, the United Nations Global Compact and the Global Reporting Initiative. GLOSSARY Code of practice: written guidelines governing business behaviour. This could take the form of a voluntary code or a legally enforced set of regulations. Universal Declaration of Human Rights: a declaration adopted by the United Nations General Assembly in 1948 outlining human rights that should apply to all people. Engagement: the process of involving others in the decision making process. Anglo American has also contributed to the Voluntary Principles on Security and Human Rights. This code sets out principles and practices for ensuring that a company’s need to ensure the security of its employees and operations in volatile countries does not adversely impact upon the local population. Thus the Principles provide guidance on how both private and public security forces assigned to protect a mining operation or an oil and gas facility should be vetted, trained in human rights, monitored and controlled. Anglo American also aims to ensure that it plays a role in protecting the human rights of its employees and local people in countries in which it operates. The company supports the principles set forth in the Universal Declaration of Human Rights. All companies need to make a profit. However, Anglo American recognises that this objective must take account of ethics as shown in its statement on corporate responsibility: ‘Though providing strong returns for our shareholders remains our prime objective, we do not believe that these can or should be achieved at the expense of social, environmental and moral considerations. Indeed a long-term business such as ours will only thrive if it also takes into account the needs of other stakeholders such as governments, employees, suppliers, communities and customers. ’ An important process used by Anglo American is that of stakeholder engagement. This enables it better to understand the perspectives and priorities of external groups that are affected by its activities and to factor them into its decision-making processes. To support this work at a local level, Anglo American has developed a Socio-Economic Assessment Toolbox or SEAT process. This ‘toolbox’ helps managers to measure the impact of activities on the company and communities. It also helps to improve a mine’s contribution to development through, for example, using its supply chain needs to generate new businesses or to improve the water or electricity infrastructure. They use this toolbox to engage with stakeholders including community representatives. 26 Sometimes communities have to be resettled, with government sanction, in order for important mineral deposits to be accessed. This can cause controversy and divisions in the communities concerned. International best practice sets out a number of key stages in such a process including the need for structured consultation, fair compensation and the importance of restoring and enhancing the livelihoods of people in their new locations. Recently Anglo American has had to undertake two such relocations in South Africa at the villages of Ga Pila and Motlhotlo. These were undertaken with the support of the provincial government and local tribal leadership and after consultation with local people lasting for several years leading to agreement with each householder. New villages have been built with better houses and infrastructure and more land for farming. The relocation programme was voluntary. The relocation programme at Motlhotlo is still under way but at Ga Pila 98% of those living in the old village took up the offer to move to the new village. www. thetimes100. co. uk GLOSSARY Empowerment giving responsibility for making decisions to lower levels within the organisation or community. Indigenous: naturally existing in a place or country rather than arriving from another place. Why should a business act ethically? Businesses have great potential to transform people’s lives and to alleviate poverty through generating economic growth. They produce goods and services that customers want and they create jobs. Through paying taxes, they contribute to government revenue that can finance schools, hospitals and other public services. However, a business must keep in tune with the wishes of the societies it serves or it runs the risk of alienating its shareholders, stakeholders and customers. This would be bad for business, reducing growth and potentially affecting profit. Anglo American has to deal with many different levels of interest when setting up a new project. This includes, for example, the owners of the land and the people and services in the area. The current South African government has a policy of transferring a share of the ownership, management and benefits of the country’s mining industry to people previously excluded from the economy. Anglo American is backing the South African government in this process. This includes supporting black economic empowerment deals (BEE). Through this process, Anglo American has sold (usually at a small discount) 26% of its assets in South Africa to BEE groups. For example, Anglo American was instrumental in the creation of Exxaro. This is now the largest black-owned and managed mining company listed on the Johannesburg Stock Exchange. It also aims to have at least 40% of its managers drawn from the ranks of previously disadvantaged ethnic groups. Governments in the developing world face many challenging social and economic problems. They need companies that are ready to be part of the solution. Anglo American believes that it can support governments in reducing poverty and inequality and in improving health and welfare. In South Africa, the company has been a major campaigner for AIDS education. It was the first major company in South Africa to announce that it would provide free anti-retroviral drugs to its HIV-positive employees. It now has the largest workplace HIV/AIDS education, voluntary testing and treatment programme in the world. After running the programme for five years studies have shown that the programme has become self-financing through reducing deaths and the attendant loss of skills and cutting absenteeism rates by boosting the health of infected workers. What are the effects of acting ethically? Most business activity incurs financial costs such as equipment and labour. Non-financial costs include noise and impact on the environment. There is a financial cost to acting ethically. To engage stakeholders takes time and money. Mining in ways that minimise environmental impacts is more expensive than extracting resources regardless of impact. An ethical business also recognises its responsibility for minimising the non-financial costs. The Pebble Project in Alaska is a good example of the way that Anglo American takes account of non-financial costs. This is a gold and copper mining project in the early stages of assessment. This could provide new jobs and revenues for the Alaskan economy at a time when oil and gas revenues have been falling. However, some people are concerned that the mine could damage fish stocks and wildlife. Therefore, Anglo American has been consulting widely and through a structured process with local people, politicians, businesses and especially indigenous people. 27 ANGLO AMERICAN Anglo American has made it clear that it will only seek to proceed with the project if it can be done without damage to the local fisheries. It will also give priority to the recruitment of local people. www. thetimes100. co. uk The benefits of ethical behaviour Anglo American establishes goals each year for sustainable development. These goals include: †¢ working without fatal accidents †¢ eliminating occupational diseases †¢ increasing diversity in the workplace †¢ increasing the benefits of mining for local communities †¢ increasing energy efficiency. By working towards these goals, Anglo American hopes to gain a competitive advantage. By demonstrating a more caring and sustainable approach, the company is able to differentiate itself from rival mining companies. It makes Anglo American more likely to be the partner of choice for many governments and communities in the developing world. It also helps with its position on the stock market. Most long-term investors, such as pension funds that run investments for millions of ordinary people in the UK, believe that it is important for a company to consider social and ethical issues and not just the financial bottom line if a business is to be sustainable. Anglo American sees shareholder returns and social and environmental responsibilities as complementary activities. This puts the company in a stronger position. All stakeholders benefit – shareholders, employees, governments, local communities and suppliers. GLOSSARY Sustainable development: development which meets present needs without compromising the ability of future generations to achieve their own needs and aspirations. Competitive advantage: a strategic element that enables an organisation to compete more effectively than its rivals. Governance: the process of making decisions and governing. Conclusion Anglo American is a multinational organisation with a high profile in the primary extractive sector. Because many new mineral deposits are to be found in developing countries, some of which have weak governance, Anglo American recognises that it must be rigorous in observing local laws, even if they are not always enforced. It has a significant role in supporting good governance initiatives and boosting the opportunities available to the communities associated with its mines. The company is involved in a range of initiatives to help these communities, such as AIDS testing and provision of new local services like schools and clinics. Its socio-economic assessment toolbox helps it measure its impact and engage with local communities to resolve issues and to underpin initiatives like small business development or partnerships with local farmers. The Times Newspaper Limited and  ©MBA Publishing Ltd 2008. Whilst every effort has been made to ensure accuracy of information, neither the publisher nor the client can be held responsible for errors of omission or commission. The financial and non-financial benefits to the company and shareholders are shown in several ways. Anglo American is trusted as a business partner that takes into account social and environmental issues. It has licence to operate in countries like South Africa, Brazil or Chile, where it is playing an important part in encouraging local business development. Questions 1. What are business ethics? Give two examples of business practices that stakeholders would regard as ethical and two that might be considered unethical. 2. The benefits of ethical business behaviour affect the business itself and the wider community. Taking an example of an Anglo American business project, identify the benefits to the local community and to the company’s shareholders. 3. How is Anglo American’s reputation enhanced by engaging with local communities in decision-making? Why is it important for this engagement to be an ongoing process? 4. Some business decisions involve a careful balance of social, economic and environmental considerations. Evaluate how Anglo American achieves that balance, using examples from the case study.

The Downside Risk of Comparison Essay Samples Contrasting Siblings That No One Is Talking About

The Downside Risk of Comparison Essay Samples Contrasting Siblings That No One Is Talking About Comparison Essay Samples Contrasting Siblings Options It is possible to explore them all and select the one which best matches your topics and preferences. It might also talk about the access to vegan, vegetarian or gluten-free products. You may use the suggested topics as inspiration for your own, or you could simply opt to write about one you enjoy the most. Our experts will inform you absolutely the exact same, but after teaching you the way to compose a compare and contrast essay. The topics you'll find here require an exceptional approach as you attempt to think of useful and accurate content. It will take time to investigate and prepare, so attempt to choose a topic that interests you and yet still satisfies all the academic requirements. 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So as to submit a flawless paper, you need to do more than just underline the similarities or differences. This kind of essay can be very confusing, as balancing between comparing and contrasting can be somewhat tough. This needs to be performed by employing real-life studies and examples. The procedure for comparing and contrasting several objects is indispensable portion of our everyday routine. Type of Comparison Essay Samples Contrasting Siblings If you would ever ask a seasoned writer about successful writing tips, he'll tell you the deal is all about your experience and knowledge. Enough p ractice in reading and writing will supply you with an extra advantage. If you're not that confident about your writing skills or are running out of time, there's a great approach to assist you submit the essay which you need. Writing a superb essay requires a lot of time and efforts. 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Both have a vast array of expensive, elegant restaurants and a similar quantity of global and national chains. A Venn diagram may be used to sort the info. A thesis takes an important function in the entire essay writing process as it essentially sets the mood for the entire essay. To be sure that you relate all the info you've researched in a thorough fashion, you must adhere to the prescribed compare and contrast essay format by your professor or the academe. You may employ a professional essay writing service to complete your assignment in the ideal quality. When the writer has the information that will enter the essay, they should just begin writing! It also depends upon the outline you've created before starting writing. When writing any form of academic paper, an individual needs to be able to get familiar with the essentials of writing. You have to analyze both things and think of a conclusion. Make certain you don't compose each and every point and just concentrate on the vital ones. Or you're risking of getting blocked by bad understanding of your topic and inability to come up with the idea as it ought to be. The policeman's image is understood to be impassive' and implies that he doesn't care. When the reader or professor likes the topic sentence, you are in possession of a high odds of obtaining a fantastic mark. Just utilize whatever you can remember from this issue you're working with. Every bit of writing will be created based on your requirements and the criteria you provide. Nevertheless, it's important to bear in mind that it isn't just as with any other bit of assignment. Family members are those who hail from a typical ancestry while friends aren't related to people. People don't have a choice above their families till they are old enough to marry to go married. Cases are reported all around the world where family members are killing each other over loyalty to their pals or for private gain. Furthermore, relationships among family members have a tendency to be steadier and firm in comparison to those among friends.

Corporate Governance Of The Uk And Lehman Bros - 1229 Words

Due to a significant number of large company scandals and collapses internationally in recent years, for example, Robert Maxwell, Royal Bank of Scotland (RBS) in the UK and Lehman Bros, WorldCom in the US. These has raised an attention to the importance of corporate governance. According to the definition of â€Å"Corporate Governance† by The Economic Times (2009). It is â€Å"Corporate governance refers to the set of systems, principles and processes by which a company is governed. They provide the guidelines as to how the company can be directed or controlled such that it can fulfil its goals and objectives in a manner that adds to the value of the company and is also beneficial for all stakeholders in the long term.† The main purpose of corporate†¦show more content†¦Therefore in 2012 the government introduced the Enterprise and Regulatory Reform Act in order to subject shareholders a binding vote on executive pay. With this power, shareholders can hold comp anies to account and hence companies need to get shareholders’ approval before making payments to executives. Therefore, shareholders will have a clear mind on director’s remuneration policy which will set out how the company proposes to pay director in order to ensure the relationship between director’s pay and company performance. It requires more than 50% of shareholders to pass the policy, otherwise it will go back to last approved policy. In order to administrate the company effectively, a balance is needed to be taken between investor’s expectation and executive’s incentive to work. Hence, this essay will discuss whether shareholders should have a say on Executive Compensation in the UK context. The following will discuss several reasons that shareholders should have a say on executive pay. Firstly, The Walker Report in 2009 suggests shareholders to be more active to protect their interest by taking more actions to exercise director’s control such as attending the annual general meeting and vote as they wish. As they are the owner of the company, they have the rights to know what the company is intent to do and also the reason shareholders invest, is to share the profit in the company. According to Burns and Minnick (2011), giving