Corporate Business Relationship: Starbucks Summary And Response Essay Help

In 1971, the renowned Starbucks Company was formed in Seattle. Jerry Baldwin, Zev Siegl, and Gordon Bowker contemplated launching a dark-roasted coffee business in Seattle (Seaford, Culp, and Brooks 40). When Starbucks’ orders increased, the supply business “Hammarplast” became more interested; Howard Schultz, the vice president of Hammarplast, visited Seattle in 1981, only to become the director of marketing and operations of the company the following year (Seaford, Culp, and Brooks 41). However, Schultz launched Il Giornale Coffee Company after being inspired by Italian coffee shops (Seaford, Culp, and Brooks 42). Eventually, the brands merged, and Starbucks as we know it today began to take shape.

Starbucks's ambiance is intended to be soothing and pleasant. This is how Schultz fought with fast food restaurants who were more concerned with client volume; according to Schultz, customers should have viewed Starbucks as an alternative to home or work, a so-called Third Place (Seaford, Culp, and Brooks 43). The mission of Starbucks is stated explicitly on its website: Our purpose is to inspire and nourish the human spirit, one person, one cup, and one community at a time. ” According to their website, the goal of the Starbucks Company is to become a part of everyday life, so it is imperative that Starbucks not only serve high-quality coffee but also provide a location where consumers will feel almost at home (Aiello and Dickinson 316). Moreover, Schultz's vision and mission leadership counsel was to urge employees and investors to steer Starbucks along a sound financial path and to continue expanding its venture capital investment internationally (Lemus, von Feigenblatt, Orta, and Rivero 26). These objectives determine the Starbucks consumer and employee policy.

Starbucks' interaction with its constituents is governed by its corporate social responsibility (or CSR). There are at least six stakeholder groups in the company's operations: employees, consumers, suppliers, the environment, investors, and governments (Thompson 1). Starbucks is well-known for its "employee-first" philosophy; employees are guaranteed a wage higher than the minimum wage, and the ethos of cooperation improves their motivation and productivity (Lemus et al. 28). This commitment to customers, in addition to the quality of the beverages served, is the secret of Starbucks' success.

The company's reputation is of the utmost significance, especially since it has become a global brand. Geereddy includes the following company characteristics in his analysis of Starbucks' capabilities: the stores reflect the personalities of the neighborhoods in which they are located; the company is ranked 91st out of the 100 best places to work; the stores are perceived as a community by the consumers; and for some of them, the company has cult status (10). Starbucks also cultivates corporate ethics to enhance the company's reputation.

As stated previously, Starbucks' reputation is based not only on its service, but also on its internal communication strategy. Starbucks strives to foster a healthy culture among its employees and offers stock options and retirement funds as part of its superior human resource management (Geereddy 5). Future employees are informed about the firm’s culture, required skills for the job, and company mission through the company’s application system (Lemus et al. 33). A portion of the training entails communicating with the customer while assisting him or her in selecting a product, so enhancing both the service and the customer's perception of it (Lemus et al. 33). Starbucks’ purpose is to treat employees like partners so that they "feel like valuable assets" (Lemus et al. 33). This staff communication and training program helps Starbucks maintain its position as a leader in human resource management.

Given the size of Starbucks, one may expect that their advertising management must be meticulously planned and sponsored. Despite this, investigations revealed that Starbucks had not invested heavily in marketing initiatives because the company's products and services already had a strong reputation (Geereddy 12). Starbucks relies on brand awareness rather than advertising due to the thousands of coffee shops it operates across the world. However, the corporation still runs the danger of losing clients because aggressive promotion is favored by industry competitors.

Starbucks may not engage heavily in advertisements, but it is keen in building virtual client communications. Additionally, the firm regularly exploits social media platforms such as Facebook, YouTube, Twitter, Tumblr, and others; there is also a community called “MyStarbucksidea” and connects to IOS, Android, and Blackberry applications (Cabiddu, Castriotta, Guardo and Pettinao 4). MyStarbucksidea is a community that draws new consumers or provides fans with the opportunity to join the firm. The community is monitored by staff who construct project teams and implement customers' suggestions (Cabiddu et al. 5). Starbucks' significant presence in digital media enables the company to engage with internet consumers and increases its position on the virtual market.

Starbucks’ financial performance has been remarkable since the company’s inception; nevertheless, investors’ expectations are increasing due to the company’s rising presence in the United States and Europe. Starbucks' crystal-clear business plan, vision statement, and unique organizational structures, as well as its flawless leadership, market image, and numerous international joint venture channels, attract investors from around the globe.

For the corporation to be successful on the global market, it must collaborate with many governments and interests. Thompson notes that although Starbucks did not breach any laws, it was attacked for paying extremely low taxes in the United Kingdom and creating a network of shops to get tax advantages (1). However, given Starbucks' collaboration with and investment in suppliers, it is reasonable to anticipate that governments are interested in collaborating with a market leader of this magnitude.

Starbucks' Crisis Team has developed a variety of techniques to address potential problems. Although they vary and rely on the scenario, the company's general stages include damage assessment, decision of activities to resolve the crisis, and communication with members and the public (Lemus et al. 29). In the majority of instances, Howard Schulz, the CEO and company's leader, is the one who takes choices, but other specialists may also be involved.

Several recommendations may be taken into account: Starbucks is not equally present in all nations; some markets are more saturated than others. Starbucks can also try incorporating local themes and goods into their stores in order to attract more customers and integrate into the local economy (Geereddy 7). To compete with other brands in the business, the company should invest more in advertising; the pricing policy should also be evaluated to avoid losing clients during economic downturns.

References

Giorgia Aiello and Greg Dickinson. Beyond Authenticity: A Visual-Material Analysis of Locality in Starbucks' Global Redesign ” Visual Communication. 13.3 (2014):303-321.

Cabiddu, Francesca, Manuel Castriotta, Maria Guardo and Daniela Pettinao. Combining Exploitation and Exploration Using Crowdsourcing: The Starbucks Case Information Systems: An Intersection of Organization, Management, Accounting, and Engineering. Ed. Marco De Marco, Dov Te’eni, Valentina Albano and Stefano Za. Heidelberg: Physica-Verlag, 2012. 359-366. Print.

Geereddy, Nithin. Internet-based Strategic Analysis of Starbucks Corporation.

Lemus, Edel, Otto von Feigenblatt, Miguel Orta and Orlando Rivero. Starbucks Corporation: Innovation Leader in the 21st Century. Journal of Alternative Perspectives in the Social Sciences 7, no. 1 (2015): 23-38.

Seaford, Bryan; Culp, Robert; and Brooks, Bradley W. Starbucks: Maintaining an Unambiguous Position. 18.3 (2012):39, Journal of the International Academy for Case Studies.

Starbucks Coffee's Stakeholders: A CSR Analysis, by Andrew Thompson. Web.

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Electronic Appliance Marketing Summary And Response Essay Help

Introduction

It is a well-established truth that our company, Company G, is a powerful, widely accepted, and esteemed producer of home electronic goods. Our team of committed engineers is in the midst of entering the small appliance market and has designed a food processor that promises to be a strong addition to our electronic appliance line. Notably, this is our first entry into the tiny appliance segment, since all of our previous items have been in the medium and big appliance categories. Due to this issue, our engineers and researchers worked long hours and exerted additional effort to design and perfect the product.

The product is really well-designed and extremely appealing in terms of overall appearance and design. Through the revised product assembly plan, our engineers have made the product more appealing in terms of efficiency, manufacturing and assembly time, and cost. As per the president's directive, it is proposed to develop an acceptable marketing strategy for the product. The president has clearly indicated that a clean slate should be utilized.

His remarks served to produce a "blank sheet of paper." Consequently, none of the existing techniques will be considered, and any resemblance will be simply coincidental. Following is a thorough marketing strategy for the food processor. Considering that our XG brand of home appliances is one of the most recognizable brands and logos on the market, the new product will also be branded with the same name. In addition, a new purpose statement is recommended for board approval.

The Service

The food processor manufactured by XG Brand is an exceptionally well-designed and effective piece of technology. Our engineering achievement will be attributable to two factors: the angle of the blades and the motor's strength. The set of blades is positioned so as to effectively grind, cut, knead, and powder a variety of foods, fruits, and vegetables. In addition, a juicer is included, which is extremely unusual for a combination food processor and blender.

The motor is a scaled-down version of the efficient motors used in medium-sized appliances. The blades can be purchased from low-cost and technically-advanced Asian markets, which significantly reduces expenses. The motor, which is the most expensive component, can be manufactured in-house with minimal alterations to existing facilities. The corporation will need to find a new body casing provider. It will not be difficult to locate low-cost, quality-focused providers within the country, as there are adequate suppliers with the necessary skills and capabilities. Preliminary cost estimates indicate that our product will be the most affordable option in this product category.

Up until now, Company G has focused on the medium and large categories of household electrical goods. Our first purchase from the small appliances department will be a food processor. Our objective is to manufacture products in all three areas. In light of this concept, our mission statement might be summed up as follows:

Purpose Statement

To be the market leader in household electronics appliances by offering clients with the greatest available appliances that will be most rewarding for them in terms of money spent, looks, and convenience offered, as well as quality that would thrill its users.

Market objectives

Target market

It is necessary to establish our customers' target market at this time. A target market is "the specific segment of a total population on which organizations focus their marketing plan in order to satisfy that submarket and achieve their profit or non-profit objectives." (Target market, n.d). As a product that will primarily be utilized in the kitchen, the major target market is the nation's families (especially those with low to moderate incomes). The second market category will consist of hotels, restaurants, and fast food establishments. Individual men and women living alone (mainly those who are unmarried) may potentially be potential customers, but their number will be modest. Consequently, we shall concentrate on the first two groups. The US Census Bureau defines the middle income group as persons with an annual income between $40,000 and $65,000.

Consequently, the lower income families can include those with incomes below this threshold. The approximate number of middle-income families in the United States is approximately 37 million. There are 26 million families whose income is between $15,000 and $40,000 annually. (Data sources and estimation precision for income, poverty, and health in 2007)

According to data compiled by the Census Bureau, regional median salaries do not differ significantly and hover around $45,000. Specific target homes can include the new immigrant population, recently married or soon-to-be-married couples, single moms and fathers, and widowed men and women, as they are all likely to purchase the goods. They would also be constrained by a budget, and the price would appeal to them. Families with lower and moderate incomes should also be targeted.

Objectives

The market objectives will be based on the marketing mix, sometimes known as the four Ps. They include goods, price, location (or distribution), and advertising. "The term'marketing mix' gained popularity after Neil H. Borden's 1964 article, The Concept of the Marketing Mix, was published." (The marketing mix: the four Ps, 2007) Professor Jerome McCarthy of the Harvard Business School later established the concept of the 4 Ps.

Product

Regarding the product, the purpose is to successfully commercialize the newly created food processor. In order to win market share, it is anticipated that the product will have features (such as a juicer) that are absent from lower-priced models produced by competitors. It will be marketed separately from our existing large and medium-sized home appliances. More new tiny appliances are in development and will soon be available for sale. In addition to the processor's quality and design, the processor's pricing will be the most distinctive characteristic.

Price

Our goal is to offer the lowest prices in the sector of small home appliances. This will appeal to the cost-conscious low- and middle-income households in the nation. A typical low-cost CPU costs between $200 and $250. Our product can be priced at $199 per unit with a 5% profit margin. After a period of three to five years, this should be increased (by reducing costs or increasing pricing).

Circulation (place)

This facet is intended via standard channels, followed by other manufacturers. Our goal is to utilize independent retailers, retail chains, and supermarkets as a distribution route. Because expenditures can be lowered, our current distribution route can also be used. For instance, delivery trucks can now incorporate the new product. This will allow shipping expenses to be spread among a greater number of products, lowering the average.

Promotion

The purpose of promotion is to notify existing and potential new customers about the product's introduction. This should be done so that as many individuals as possible become aware of our arrival into this new market area. We hope to increase our market share by 0.5% in the first year, 1% in the second, 4% in the third, and 5 to 7% in the fifth. In conjunction with other promotional methods, a price differential of 5 to 20 percent should suffice.

In a subsequent section, we will describe the approach to be used in order to achieve the stated goals. Notably, the 4 Ps have been expanded to incorporate three additional factors and are now referred to as the 7 Ps. People, processes, and tangible evidence are included.

Analysis of the rivalry

The domestic appliance sector is highly competitive and price-sensitive. On the market, there are numerous manufacturers of all sizes, competences, and nationalities. National and international competitors include General Electric, LG, Samsung, Phillips, Kyocera, Electrolux, Haier, Miele, Salton, and Hamilton Beach. It is to our advantage that our brand is widely recognized and appreciated in the field of medium and large-sized home appliances. This will greatly assist us in capturing a market share at the time of debut. This section will analyze the problem using the three-way consumer product classification system and Porter's five forces model.

The three-way approach for classifying consumer goods

There is an abundance of consumer goods and home appliances on the market, and each category has its own purposes and customer requirements. Market experts and theorists classify consumer preferences based on how customers behave and interpret each of these categories and the products within them. In the three-way classification system for consumer goods, products are categorized as convenience, shopping, and speciality. Convenience products are "consumer items that are typically purchased frequently, with minimal time and effort, and are typically inexpensive." (Govoni, 2003). Examples include staple foods such as bread, gasoline, and milk.

Shopping products are those "purchased only after the consumer has compared competing products in competing stores on such criteria as price, quality, style, and color," etc (Life cycle: Shopping products). There are two further categories in this category. Certain retail products are frequently categorized as heterogeneous by consumers on the basis of their unique characteristics, applications, and availability across brands.

The selection will depend on the significance or necessity of these specific qualities. Exercise equipment is an example due to its vast diversity of purposes and accessible options. Certain items will be perceived as having similar functions and characteristics, and these are known as homogenous shopping items. Examples include clothing, electronic goods, and furnishings. Based on this description, our product is a homogeneous purchasing item since the majority of features found in one food processor are typically found in all food processors. Specialty items will have distinguishing characteristics, such as design and style. Examples include designer clothing, watches, and luxury automobiles.

Modeling utilizing Porter's Five Forces

The Porter's five forces model, established by management expert and author Michael Porter, can be used to conduct a highly valuable and pertinent examination of a marketing issue. Supplier power, buyer power, the threat of new entrants, the threat of substitutes, and the level of competition are the five forces. (Ehmke, et al. 2004). With each of these very basic factors, a product analysis will be conducted.

Supplier power refers to the suppliers' ability to determine the price and availability of a product. Our product has a comparatively low degree of supplier power. Numerous vendors can manufacture components to our specifications. Additionally, the organization manufactures key components such as the engine. Due to the market's abundance of suppliers, buyer power is rather high. Therefore, a product's adoption will depend on price (the most important aspect), quality, and other factors. Since the US market is unrestricted, new competitors pose a significant threat. But the relatively high level of competition may discourage new entrants, even though current businesses can enter the area of small home appliances. This is precisely what we have done, and the likelihood of others diversifying into this market area is strong.

Overall, the threat posed by new entrants is moderate. Due to the fundamental nature and characteristics of the food processor, the threat of alternatives is minimal. Only another food processor qualifies as a suitable substitute. Otherwise, a consumer would be required to purchase separate appliances with different functions. No sane consumer would do so. On the market, there are numerous small, medium, and large competitors. Being a free market, there are both inexpensive imports and other reputable manufactures. Overall, the reputation of our organization and the pricing supplied will mitigate a significant proportion of the aforementioned risks. The corporation may proceed with the new product's marketing strategy.

SWOT Analysis

Conducting a SWOT analysis requires examining Company G's strengths, weaknesses, opportunities, and threats.

Strengths

Many of Company G's strengths can be utilized to effectively advertise its product. The company's price, its reputation, its production process, and XG's brand recognition are its three primary strengths. The creative production technique (and the suppliers of certain components) have led to the creation of a low-cost, high-quality product. The technique has enabled the organization to reduce manufacturing time and stockpiles of materials and spares. Company G is already a major player in the market for large and medium-sized electronic home products.

The production process is without a doubt the fundamental skill in terms of strength, and this should be preserved and enhanced wherever possible. Additionally, the production process should be efficiently adapted to those utilized in the creation of the company's other products.

Being a new entry in the small appliance market is the company's greatest vulnerability. Another issue is the lack of a substantial advertising and promotion budget, as the company lacks the resources of its multinational competitors. Although well-known domestically, Company G has little international presence.

This is a vulnerability, as the only way to increase the present market is to become an international corporation. If the company is unable to flourish on the domestic market, it may face difficulties and be forced to expand internationally.

The presence of a juicer in the product's available options is an opportunity that can be seized. There is presently no other firm that offers this option (with the same power as a solo juicer). Another possibility is to attempt to capture the enormous market created by immigrant labor. The majority of them will have to purchase household items, such as home appliances. The third opportunity is to promote the CPU under the brand name XG. Competition from several market participants is the greatest threat to the organization. There is nothing that can be done, and the only alternative is to maintain price, features, and quality competitiveness.

Minor threat posed by low-cost imports and new entrants exists as well. Again, the corporation has no recourse and is faced with the same alternative (competition) as previously described. Compared to other international and major national firms, the company has a very modest advertising and promotion budget. Whether

Etisalat Corporation Organizational Development Summary And Response Essay Help

Table of Contents
Etisalat Corporation Solutions: An Introduction and Overview of Company Training and Development Issues Implemented to resolve the issue Recommendations Regarding Organizational Growth

Introduction and Organizational Overview

Etisalat is a transnational firm that operates in at least fifteen Asian, Middle Eastern, and African nations. The corporation was ranked as the twelfth largest provider of mobile networks worldwide, with around 150 million customers. The company is the most prominent in the telecommunications sector in the United Arab Emirates since it is responsible for monitoring and regulating the expansion of the whole sector through licensing and regulation. At the time of its founding in 1976, the company was known as Emirates Telecommunications Corporation and was owned jointly by Aeradio International Limited and a few Emiratis.

Until 1983, when the UAE government acquired ownership and reformed the company's management, British investors held more than 80 percent of the company's shares. Currently, the government controls at least 60 percent of the corporation, while the public owns the remainder. The company's primary function is to provide network services in the country and to connect network services between the UAE and other countries worldwide. In 1991, the government issued a directive under Federal Law No. 1 granting the corporation vast authority over all telecommunications transactions between the country and third parties. In addition, the corporation would be the only licensed importer and manufacturer of telecommunications equipment in the nation.

As the government was given the authority to license and regulate the whole sector, its instruction was misinterpreted as a scheme to eliminate all other telecommunications businesses in the country. The company's aim is "to be the leading and most admired telecom group in emerging markets." Its objective includes "delivering attractive returns to shareholders while investing in the company's long-term future, and supporting economic development and job creation through ICT and socially responsible behavior." The strategic pillars include service provision, excellence, portfolio, cohesion, consumer experience, and respect for human culture.

Approximately forty-thousand workers are directly employed by the corporation in its many divisions, but close to two million people benefit from the company's regular operation of supplying or distributing its products. Etisalat, like any other business of its size, has five sections that specialize in carrying out distinct responsibilities. The chief executive officer is the overall manager, and it is his responsibility to designate managers to the five departments.

However, the board must accept that the candidate is qualified for one of the top management posts. Production, marketing and sales, finance, human resources, and information technology are among the departments. Following the established stages of production, the purpose of production is simply to convert inputs into outputs. Human resources pick the most qualified candidates, provide them with training, and manage their welfare. The marketing department is subdivided into sales, research and development, and promotion, each of which has a distinct function. The finance department is responsible for managing expenditures and income.

Etisalat Corporation's Problems with Training and Development

Etisalat Corporation is one of the many multinational corporations with well-established training and development divisions. Due to the nature of the market and the emergence of numerous technologies in the telecommunications industry, the company made a concerted effort to establish an academy that would be responsible for developing employees' talents and equipping them with the knowledge necessary to satisfy customers' needs.

The corporation values its employees since it considers them to be its biggest investment. Therefore, their flamboyance, zeal, experiences, and maturity equip them with the information necessary to meet the diverse needs of consumers. The company's triumphs over the previous two decades may be directly attributed to the strength of its workforce. The department of training and development guarantees that each employee has the knowledge necessary to serve the firm as effectively as possible.

By cooperating with globally renowned universities, the academy trains engineers, accountants, business managers, administrators, and customer service specialists. Each employee is made aware of the significance of his or her contributions to the organization, regardless of his or her position or allocated duties. Workers feel proud to work for this business since they are aware that they are members of a team. Employees are committed to goal accomplishment and client satisfaction.

The organization offers employees a variety of training programs based on the departments they serve and their available time. For example, the business founded a college of engineering in Sharjah in 1989 for the specific aim of providing specialized curricula. The business sought assistance from the university in the United Kingdom where employees complete a two-year program leading to a biotechnology diploma in communications engineering. The employee has the option to pursue an honors degree after completing the diploma with distinction.

However, the firm evaluates market demands and determines if personnel require more training. The training center is located in the United Arab Emirates, although employees from all around the world are permitted to participate in the programs. Staff members and other essential clients, such as suppliers operating in the GCC region, are welcome to apply for the course, as the obtained knowledge will be extremely beneficial to the firm. Employees in Africa and other parts of Asia are constantly urged to apply for short courses in digital switching, data communication, network planning, and optical technologies.

In addition to providing direct training to organizational personnel, the training school offers consulting services to company divisions that appear to be struggling to achieve the stated purpose and objective. The academy arranges a meeting with branch officials, particularly the directors of human resource departments, to explore how career development and staff training might be enhanced. The institution is equipped with first-rate amenities, including a leisure and sports complex, well-furnished classrooms, a home offering opulent lodging, and a superior laboratory. At the facility, a reproduction of the company's actual network, complete with replica services, a portable phone system, a wire TV, and an earth station, is available for practical training.

The department of human resources has devised five types of training programs to equip Etisalat employees for current and future difficulties. The purpose of literacy training is to assist employees who wish to join the organization but do not grasp the language necessary to conduct their everyday activities. The United Arab Emirates is a country where Arabic is the official language, however this does not preclude applicants from other regions.

In fact, the organization occasionally has a shortage of highly competent employees with specialized product design expertise; therefore, the department is well-equipped to ensure that such employees have no difficulty dealing with locals. Due to their experience, various professionals are currently recruited from Europe, China, and Japan. A training program in interpersonal skills is provided to all workers following successful recruiting and selection since it facilitates communication and harmonious cooperation. The firm has a robust corporate culture that values diversity and innovation; therefore, it is crucial to equip employees with interpersonal skills such as spoken communication, written communication, and social interaction.

The program is intended to eliminate conflicts and facilitate constructive staff communication. Given the company's involvement in the technology business, it is essential to provide relevant training programs. Therefore, it is necessary for all employees of the organization to have knowledge of computer software and hardware, since this enables members to perform to high standards, gain self-confidence, and take on extra responsibilities beyond those provided at recruitment.

Each employee, especially new hires, receives problem-solving training to assist them in assessing events and responding correctly. Under the program, employees are better equipped to recognize problems, analyze them, evaluate viable solutions, apply them, and monitor the outcomes. The course contributes to the prevention of disasters by presenting inventive solutions to the company's varied difficulties and fostering collaborative problem-solving whenever a disaster occurs. The final training program emphasizes diversity and attention to the needs and desires of others.

While the company's new training programs are good, implementing them presents a number of challenges. The training areas for any employee are limited to those that help the company in the short-term alone, which is not in the best interests of both the employer and the employee. Customizing training programs to accomplish organizational objectives denies employees the opportunity to develop generic and broader skills. Due to this, a number of individuals in the organization are unable to utilize their skills and experience to invigorate the company to overcome the occasional issues it encounters.

In other words, creativity and innovation are never successfully utilized under the new framework designed to equip personnel with specialized knowledge in their respective fields of expertise. In an effort to save costs, the corporation recently revealed its intention to retire at least three hundred top managers. Academically focused employee training is expensive and strains the department's budgetary resources. When employees are enrolled in a program, the company's revenues decrease because various divisions lack the human resources necessary to accomplish various responsibilities. In other words, training programs have a tendency to interrupt the work schedule since the organization is never adequately staffed to fill the jobs of officers undergoing additional training.

Every time a new training program is introduced, the company faces a difficult challenge regarding the selection criteria, as every employee desires to be picked. The top management has attempted to remedy this issue by implementing a rigorous selection criterion, but their efforts have not been successful. Consequently, employees who are not chosen experience a decline in morale and are extremely unsatisfied with the company's training program administration. This results in low productivity and a negative attitude among employees toward the organization.

Some high-performing employees decide to leave the organization if the program is not handled with care, resulting in employee turnover. Occasionally, the organization decides to delay or cancel programs to avoid scheduling problems. After successfully completing the program, the likelihood of an employee remaining with the firm is limited. Unfortunately, not all such contracts are legally enforceable, despite the fact that the company attempts to resolve the issue by signing into contracts with all employees who require additional training.

Currently, the organization is attempting to address employee turnover, employee loyalty, and training cost reductions. The corporation cannot afford to eliminate staff training because of the benefits it provides. A trained employee, for instance, is easier to manage since he or she understands what is expected of them. Through the numerous training programs, the business has been able to increase productivity and innovation, as any employee with proper training is likely to adapt to the latest technologies and theories connected to the work environment.

After devoting its resources to bringing out the best in typical employees, the corporation must work incredibly hard to retain its top personnel. Currently, the business is creating a new contract form that will require the employee to service for a defined period of time after completing specific training levels. Setting up a reward scheme to look out for the well-being of trained personnel, such as boosting their pay and improving their working circumstances, is another strategy to ensure an employee stays with the firm following training.

Due to low compensation and unfavorable working circumstances, a significant number of workers are compelled to leave the company that trained them. In order to reduce training expenditures, the corporation is introducing educational programs in the academy that will be available to the general public. The recruitment procedure will prioritize academy graduates whenever vacancies become vacant.

Implemented remedies to remedy the issue

The challenges affecting Etisalat Corporation's training and development department are not yet resolved, but preparations are in place to address the difficulty of employee turnover, loyalty, and escalating program expenses. After successfully completing training modules, workers are reluctant to leave the organization, but a number of factors compel them to do so. The department is in discussion with the top executives regarding the introduction of an incentive program based on monetary and non-monetary benefits.

An employee will advance to the next rank depending on the company's hierarchy upon graduation from the academy, although being urged to continue performing the same duties. A promotion is an efficient compensation scheme that boosts the worker's self-esteem as well as his or her financial standing. One of the things that is difficult to attain is loyalty, but the corporation plans to implement a program that will give each skilled employee access to facilities such as home loans.

Maslow noticed that humans always seek self-actualization, which means they desire a pleasant lifestyle. Therefore, it is anticipated that instituting a program in which each employee earns a fair wage and gains a positive reputation within the organization will encourage employees to remain with the company for a long time. Finally, cost sharing will protect the firm's interests by requiring employees seeking advanced degrees to pay for the academy's services, even though the corporation would subsidize the services and provide soft loans to facilitate the entire process.

Recommendations Regarding Organizational Growth

Before requesting applications from interested employees to attend the academy, the organization should establish a program to assist individuals who are eager to learn. It has been demonstrated that adults learn in a predictable manner. The training programs are intended to boost employee performance, but management must convince employees of this. Many employees rarely acknowledge that their performance is subpar. Therefore, it is the responsibility of the firm to recognize the weaknesses of its personnel and help them develop. The organization makes a number of errors in selecting individuals who have no interest in studying any course related to their disciplines. Workers should be permitted to determine what is most important in their careers. It is known that harmful attitudes affect the performance of workers during training; therefore, the business must identify these mindsets to guarantee that what is taught promotes worker performance. In many instances, employees attend training classes with the intention of gaining notoriety and promotion, rather than to enhance the departments in which they serve. The same method used to discover the organization's skill deficiencies should be used to detect its unfavorable attitudes. Beginning with the selection process, relevant informal and formal leaders should be involved in creating and implementing training programs. This will ensure that the taught lessons are retained upon completion of the training. Leaders are essential to the achievement of any organizational objective. In many firms, leaders are simply told about the company's decision to train particular employees, but they are not involved in the selection process. As a result, they will encourage employees to oppose the program, despite the fact that they may agree to it in front of their superiors in order to keep their jobs. Training-acquired abilities should be reinforced at the workplace, as employees are typically resistant to adopting new procedures. The employer should not expect the employee to figure out how the new skill would improve performance. By evaluating the performance of each trained employee, management must verify that the new abilities are utilized. This would require the development of evaluation or assessment instruments, as it would aid in the design of future programs. Etisalat has never measured the program's impact. Many firms do not bother to do in-depth research to see whether the program has any influence on the company's human resources, sales, or finances. Upon completion of training, students are asked if they enjoyed the program, which is considered a measurement of its effectiveness. Unfortunately, this alone is not enough to determine whether the program has the potential of improving the performance of the company.

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Recent Changes Occurring In Direct Marketing Area Summary And Response Essay Help

Introduction

As marketers continue to investigate their alternatives for message delivery, the digital media landscape is evolving. New possibilities, such as the Internet and interactive digital media, are an example of a change that has occurred. Another is the range of innovations occurring in relation to existing digital media and their users. Earlier in this text, we examined the evolving function of support digital media, such as product placements and cinema advertising. The examples in this paper's introduction illustrate one of the developments taking place in the direct-marketing sector, particularly with respect to infomercials. However, it is essential to recognize that infomercials are simply one of the tactics direct marketers use. (Armstrong, 2004)

While the majority of companies continue to rely on the other aspects of the promotional mix to move their products and services through intermediaries, an increasing number are marketing directly to consumers. These businesses believe that going direct using classic promotional mix techniques such as advertising, sales promotion, and personal selling may elicit an immediate behavioral response. Direct marketing is an important component of the integrated communications campaign, albeit with somewhat distinct goals. (Karson, 2001; Kerin, 2002) This research examines the function of direct marketing as a communication strategy. Direct marketing is one of the fastest-growing forms of advertising in terms of cash expenditures, and for a rising number of businesses, it is quickly becoming the preferred method for contacting consumers. In their book Maximarketing, Stan Rapp and Thomas Collins argue that direct marketing should be the driving force behind the entire marketing effort. Recently, additional individuals have concurred. Ropp and Collins provide a nine-step strategy that includes constructing a database, contacting prospects, advancing the sale, and fostering a relationship. (Bearden, 2001) We begin with a definition of direct marketing and then investigate direct marketing digital media and their application within the context of the entire communications strategy. This section finishes with a rationale for evaluating the direct-marketing program and a review of the benefits and drawbacks of this marketing instrument.

The Definition of Direct Marketing

Direct marketing is a marketing strategy in which firms engage directly with their target customers in order to elicit a response or transaction. This response may consist of a question, a purchase, or even a vote. Peter Bennett defines direct marketing in his Dictionary of Marketing Terms as the sum of activities by which a seller, in effecting the exchange of goods and services with a buyer, directs efforts to a target audience using one or more digital media (direct selling, direct mail, telemarketing, direct-action advertising, catalog selling, cable TV selling, etc.) to elicit a response by phone, mail, or personal visit from a prospect or customer. (Armstrong, 2004; Bearden, 2001)

Direct marketing employs a variety of direct-response digital media, such as direct mail, telemarketing, interactive television, print, the Internet, and others. Direct marketers utilize these digital media to implement the communication process. Direct-response advertising purchases of goods and services already surpass $2 trillion and are anticipated to reach $2.8 trillion by 2006. (Shankar, 2005) Major retailers such as The Gap, Restoration Hardware, and Victoria's Secret, publishing companies, computer retailers, and financial institutions also use this marketing strategy. (Karson, 2001) In addition, business-to-business and industrial marketers have greatly increased their direct marketing activities, with a projected $1.3 trillion in sales by 2004.

The Advancement of Direct Marketing

Direct marketing has existed since the 15th century, when the printing press was invented. In the early 1700s, Ben Franklin was a very effective direct marketer, and by the 1880s, Warren Sears and Montgomery Ward (you may have heard of them) were employing this medium. (Lamb, 2004; Roiger, 2003) The development and extension of the U.S. Postal Service, which made catalogs accessible to both urban and rural residents, may have been the driving force behind the emergence of direct marketing. Catalogs altered American purchasing practices; consumers could now shop from the comfort of their own homes. However, catalogs alone cannot explain the explosive expansion of direct marketing. Several aspects of American culture have contributed to the rising desirability of this media for both buyers and sellers:

Consumer credit card accounts. There are currently approximately 1 billion credit cards in circulation in the United States, issued by banks, energy companies, retailers, etc. This enables consumers to purchase both low- and high-priced items through direct-response channels and guarantees payment to merchants. In 2001, it is projected that over $1.23 trillion was charged to credit cards. (Johnston, 2005) Obviously, not all of this was a result of direct marketing, but a substantial proportion of direct purchases utilize this means of payment, and American Express, Diners Club, MasterCard, and Visa are among the most prolific direct advertisers. (Roiger, 2003) Direct-marketing consortiums. Companies specializing in list generation, statement inserts, catalogs, and contests have provided marketers with numerous new opportunities. The number of these businesses continues to grow, resulting in an increase in new users. (Karson, 2001, Kerin, 2002) The market and American society's evolving structure. One of the most important aspects contributing to the success of direct marketing is the fact that so many Americans are now "time-poor but cash-rich." Rapid growth of dual-income families has led to a rise in income. (1992, Reardon) (By 2008, women are projected to account for approximately 48 percent of the labor force.) Simultaneously, the rise in popularity of physical exercise, do-it-yourself crafts and repairs, and home entertainment has decreased the time available for shopping and boosted the appeal of direct purchases. (Bearden, 2001) Technological progress. Rapid technological advancements in electronic digital media and computers have made it easier for consumers to shop and for marketers to reach their chosen target markets. It is estimated that home channel purchases will reach $15.6 billion in 2006, with more than 110 million households receiving home shopping channels. (Shankar, 2006) Undetermined variables. Changing ideals, more advanced marketing strategies, and the enhanced reputation of the sector have all contributed to the growing efficacy of direct marketing. In the future, these criteria will also assure the success of direct marketing. Numerous businesses adopting direct marketing demonstrates its effectiveness. (McClelland, 2003) While some firms rely completely on direct marketing to drive consumer engagement, direct marketing is a vital component of the IMC program in many others. They integrate direct marketing with other program aspects to achieve objectives other than sales. The role of direct marketing in the IMC program is examined first, followed by its traditional role.

The Function of Direct Advertising

Long the neglected kid of the promotional mix, direct marketing is now an integral part of many firms' integrated marketing strategies. Direct-marketing activities support and are supported by other promotional mix components.

Direct marketing and advertising combined

Direct marketing is a sort of advertising in and of itself. Whether delivered via mail, print, or television, the direct response offer is an advertisement. Typically, it includes a toll-free or 900 number or a form requesting shipping information. Occasionally, advertisements help direct-selling efforts. Victoria's Secret, for instance, uses picture advertisements to drive its retail and catalog sales. Both Marlboro and Benson & Hedges market their cigarettes, achieving image carryover to their direct-response catalogs. (Mitchell, 2003; Shankar, 2006; Shankar, 2005) In-retail outlet displays are also referred to as direct-response advertisements or infomercials. Occasionally, advertisements are sent via direct mail. CBS has partnered with a Blockbuster video mailer to promote its new fall programming and provide a CD early peek. (Lamb, 2004)

Integrated Direct Marketing and Public Relations

As you will see later in this text, direct-response tactics are frequently employed in public relations efforts. Private firms may use telemarketing to raise donations for charities or cosponsor charities that use telemarketing and other direct-response methods to solicit donations. Similarly, firms and/or organizations engaged in public relations may use toll-free numbers and/or website URLs in their advertisements and promotional materials. It has also been demonstrated that direct mail is effective for attracting job prospects.

Direct Marketing and Personal Selling

Two techniques of personal selling are telemarketing and direct selling. Frequently, charities and other nonprofit organizations employ telemarketing to obtain donations. As you shall see, for-profit businesses are increasingly utilizing telemarketing to screen and qualify prospects (which decreases sales costs) and create leads. (Linquist, 2000)

The salesperson then accepts responsibility for the selling attempt. Earlier in this chapter, examples of GM and BMW illustrate the effectiveness of this strategy (Lee, 2004).

Direct marketing and sales promotions combined

How often have you received direct mail informing you about a sales promotion or event or urging you to enter a contest or sweepstakes? End-of-season sale notices are mailed by ski stores on a regular basis. Promotional airfares are communicated via direct mail and electronic communication. Calls are made to existing consumers by Nordstrom and other retailers to inform them of special sales specials. Armstrong (2004) and Solomon (2003). Each of these is an instance of a corporation employing direct-marketing techniques to alert clients about sales deals. In turn, the sales promotion event may aid the direct-marketing initiative. Typically, direct mail and/or telemarketing calls follow the creation of a database using the names and addresses gleaned during a promotion.

Combining Direct Marketing with Digital Support

It has been demonstrated that adding a promotional item to a direct mailer increases response rates. Half of the 10,000 mailers sent by one company contained a promotional item, while the other half did not. The former generated 65% more orders than the latter. 3M employed a promotional product as an incentive for direct-mail offer respondents. The incentive produced a 23 percent response rate, compared to only 9 percent for the standard mailing. (Bearden, 2001) Companies must make multiple judgments to properly launch direct-marketing initiatives. As with other marketing programs, they must establish (1) the program's objectives, (2) which markets to target (via the use of a list or marketing database), (3) which direct-marketing tactics to utilize, and (4) how to measure the program's efficacy. (Belch, 2001; Larson, 2004)

Direct-Marketing Purposes

Typically, direct marketers seek a direct reaction. The program's objectives are typical actions, such as test drives, votes, contributions, and/or sales. The unusual target is specified by a predetermined response rate, say 2 to 3 percent. However, not all direct marketing attempts to elicit a behavioral response. Numerous businesses utilize direct marketing to cultivate an image, maintain client happiness, and inform and/or educate customers in an effort to inspire future behaviors.

Performance of the Database

Despite the fact that many businesses keep databases, many do not use them efficiently. It is not sufficient to collect names and contact information; the list must be kept current, purged of old and/or inactive clients, and routinely updated. The more consumer information that can be stored in the database, the more efficient it will be. For this aim, the Postal Service suggests an RFM grading technique. 13 RFM refers to the company's and the customer's recent, frequent, and monetary transactions. (Geller, 2002) Specifically, data must be entered each time a transaction occurs so the business can monitor how recently transactions have been made, how frequently they are made, and how much money is being spent. (Spiller, 2005) Additionally, tracking which products and/or services are utilized improves the ability to undertake the aforementioned actions. By routinely examining the database, the firm or organization can find purchasing trends and patterns that will help it develop a better relationship with its clients by addressing their requirements more efficiently.

Strategies for direct marketing and digital media

As with all other communication projects covered in this work, marketers must determine the message to be communicated, the budget, etc. Using digital media may be the primary distinction between direct-marketing programs and other promotional mix activities. Each medium is utilized for particular purposes, but they all typically follow a one- or two-step process. In the one-step procedure, the medium is directly utilized to get an order. You've probably seen television advertisements for things such as wrench sets, exercise equipment, and magazine subscriptions that push viewers to call a toll-free number immediately to place an order. (Armstrong, 2004) These advertisements typically take credit cards or cash on delivery and include an address. Their objective is to produce an immediate sale when the advertisement is displayed. The two-step strategy may involve the usage of multiple media. The primary objective is to screen or qualify prospective purchasers. The answer is generated by the second attempt. (Boone, 2001) Many businesses, for instance, utilize telemarketing to assess leads based on their level of interest and then follow up with interested persons with further information geared to generate an order or use personal selling to clinch the deal.

Postal mail

Direct mail is commonly referred to as "junk mail" – unsolicited mail. In 2001, an estimated $46.5 billion was spent on direct mail advertising, more than practically any other kind of advertising. In 2001, mail-order sales hit $582 billion (consumer market: $350 billion). (Boone, 2001) The use of direct mail is not limited to small businesses seeking our business. Many prominent corporations, like General Electric, American Express, and Citicorp, have expanded their expenditures in this area. By 2009, direct mail sales in the business-to-business industry are anticipated to exceed $345 billion. (Spiller, 2005) In the past, many advertisers shied away from direct mail, fearing the image it could generate or believing that it was only effective for low-priced products. This is no longer the case, though. For instance, Porsche Vehicles North America, Inc. targets high-income, affluent individuals who are most likely to purchase its pricey sports cars through direct mail. (Armstrong, 2004)

Effectiveness has increased due to segmentation based on geography (often through Zip codes), demographics, and lifestyles. The majority of lists consist of consumers who have already purchased direct-mail products. The significance of the list has spawned a separate enterprise. There are reportedly more than 38 billion names on lists, and many businesses have found it profitable to sell the identities of their customers to list organizations. (2004) The Direct Marketing Educational Foundation

Nationally, A. B. Zeller and VNU Business Media produce such listings, and in the majority of urban regions, local businesses offer the same service. Despite the fact that many advertisers continue to favor direct mail and that the market is expected to continue growing, this medium has been gravely endangered by the Internet. Between 1996 and 2001, direct-mail expenditures grew at a rate of 6.15 percent per year, whereas Internet spending grew at a rate of 7.15 percent per year.

Natural Goodness Plc’s Marketing Principles Summary And Response Essay Help

Introduction

Marketing of products and services are one of the essential success criteria for an entrepreneur nowadays and marketing has not constrained only to selling of goods and services but many other vital components. To create a more effective marketing program, a medium-sized business must implement the appropriate strategies. The most important issues in better marketing are the marketing information and appropriate segmentation. This report will be discussing these two major issues and its implication on “Natural Goodness Plc” along with the appropriate usefulness of relevant theories.

Purposes of the Report

The key purpose of the research is to suggest some improved marketing tactics for the better profit gain by “Natural Goodness Plc”.

The secondary aims are:

Indicating the proper way to select market segmentation and the potential prospects of these segmentations, as well as the types of marketing information that a company needs to conduct its business and the proper procedure for utilizing the information and the likely outcome.

Methodology

The descriptive analysis will be used to achieve the stated goals. The applicable theories will be collect from different books and articles and the assumptions and recommendations will based on these theories.

In-depth research

Marketing Information

Marketing information would give in a detailed marketing plan, where hypothetical tests have used to examine a series of exercises in marketing information. Marketing information is not required for every organisation, but if any organisation want to develop its plan to spread more in a specific market, then collection of marketing information is essential. Due to the fact that Natural Goodness Plc is a common producer of consumer foods on the UK market, it can easily collect information from individual customer records. If this firm wishes to carry products for upgrading and selling at a premium price to its consumers, it must collect and analyze marketing data in order to make proper decisions.

Collecting Data on the Marketing Environment

Natural Goodness Plc is able to produce and implement marketing information based on a number of decisions, which enables the company to have comprehensive, up-to-date client information. These marketing information has affects on both micro and macro trends to manage consumer food items business in markets. The marketing environment for healthy cereal food products in the UK presents new opportunities and threats on a continuous basis. To analyze and adopt these changes, the marketing environment must monitor the organization's internal and external conditions. Some macro and micro level information should always be monitored in Natural Goodness Plc's marketing environment, as briefly stated below:

Target Markets of Natural Goodness Plc: This company primarily markets nutritious cereal food products to health-conscious individuals who cannot devote much time to maintaining their health due to their hectic daily schedules. This organization's target market consists of health-conscious, fitness-focused, and busy individuals aged 5 to 40. Market Needs for Cereal Food Products: Natural Goodness Plc provides healthy cereal food products that can benefit its customers by providing health-conscious individuals with superior products. Its products can also equip customers with the knowledge and commitment necessary to achieve proper fitness within their restricted lifetime. Market Trends of Cereal Food Products: Natural Goodness Plc has distinguished itself by providing consumers with health care cereal foods that were not previously available. The market trends have varied in terms of country, continent, age market, and overall international market. As, this business is focusing on fitness and health consciousness of consumers group, so not only by this segment, but also promote it as morning food items, which can attract wider market trends of customers. Natural Goodness Plc's Market Growth As a result of the high level of competition in cereal food products, Natural Goodness Plc's market growth is decreasing. As, Natural Goodness Plc is focusing on only southern part of Great Britain, so, market growth is comparatively low than other food products available in markets. Competition of Natural Goodness Plc: There are many companies of cereal food products, which has not only marketed in Great Britain, but also in international markets. The majority of them prioritize flavor over healthy. Therefore, in context of health consciousness of customers, there are few direct competitors. However, indirect competitors are also manufacturing healthy foods, which can become direct competitors afterwards. Key to Natural Goodness Plc's Success: This company designs and manufactures its market demand to ensure complete customer satisfaction. If the focus of health consciousness may become a vital aspect to success, then Natural Goodness Plc is a successful and sustainable firm in UK. Market Positioning of Natural Goodness Plc: This company can position itself as moderately-priced cereal-based health foods. This positioning can help to leverage competitive advantage and core competencies in a market environment characterized by a high level of concern for health consciousness. The marketing approach of Natural Goodness Plc: This company's marketing strategy focuses on health, fitness, and natural cereal food products that can be consumed as breakfast or other meals as dietary supplements for health-conscious and time-pressed individuals. By this technique, Natural Goodness Plc can cover 80% of cereal food markets in UK market, not only southern half of Great Britain. Marketing Mix of Cereal Food Products The marketing mix of Natural Goodness Plc focuses on the following approaches: pricing, distribution, promotion, and products.

Marketing Combination of Natural Goodness Plc

The pricing of Natural Goodness Plc's cereal food products is determined by the retail price per unit on the market and the package size. Natural Goodness Plc will use a direct-to-consumer distribution model to introduce the product to the market. Eventually, though, it will utilize merchants as distribution outlets. Natural Goodness Plc will use various methods for advertising, including broadcast media, the internet, and retail outlets, among others. Products: The organization will provide its customers with high-quality goods.

Collecting Information

The collection of marketing information for cereal food products on the UK market is based on marketing research. Surveys are the most expensive and complicated method for collecting data. Some respondents may not supply accurate information regarding their preferences and selections among public opinion. Others would refuse to cooperate, while others would provide a biased or dishonest response. Therefore, to get right respondents are critical. For this reason, not only survey to potential target market is not enough, but also retailers and suppliers information about market need and demand about its products are also important sources to collect information.

Analysing Information

After that, collected data should be assessed according to researcher of Natural Goodness Plc to measure variables fitting in market. Information can also studied by modern statistical techniques, which can make correct conclusions of the data available to organisation.

Marketing Choice

Managers of Natural Goodness Plc have to make judgments based on findings of study, which has matched to evidence. If findings are low, then it can use predisposing to launch the products to UK market. Consequently, information-based research can lead to appropriate decisions, which may focus on gaining an understanding of the issues associated with cereal food products and the opportunities in terms of target market.

Market Segmentation

Understanding of Market Segmentation

According to Kotler and Armstrong (2006), the company requires a mass-marketing strategy. Mass marketing entails the creation of a large quantity of products, the application of significant effort to mass distribution, the implementation of mass promotional campaigns to attract the greatest attention of mass consumers, and the utilization of mass resources, such as massive investments. The company must produce cereal-based health foods and snacks for mass consumption. The market demand for this category of products is substantial. In addition, for this, the corporation must opt for mass production. The factories are located in the southern part of the country. To achieve mass production, it is necessary to increase the number of plants. Mass distribution will be come through the mass group sales in countrywide which is now exclusively in southern parts. In order to increase and stimulate sales on a massive scale, product demand must increase. Moreover, to enhance the demand there must implemented comprehensive advertising and promotion programs. Palmer (2009) claimed that the company's present success depends on the interaction between its salespeople and retailers. This is a risk for the company because if any sales staff leave to join a competitor, the associated retailers will leave with them, causing the company to lose customers. Therefore, the corporation must place the marketing programs directed at the consumers not the retailers exclusively. That is, the company is currently targeting the incorrect segment, and a plan must be developed to target the correct segmentation.

A market segment is a group of individuals with similar requirements and desires. The target market for "Natural Goodness Plc" consists of consumers of cereal-based health foods and snacks. However, there are several crucial factors to identify the proper sector.

Appropriate Segmentation Criteria

In this situation, it is essential to have a flexible market offering. This issue must be addressed by ND in the event of segmentation. The firm's product offerings must be adaptable, and to be adaptable, they must meet two criteria. These are:

Fig- Flexible Market Offering

The product provided must be a solution of the wants or want of the consumer. For example, there is need and want of cereal and healthful foods in breakfast tables and snacks in the evening. Products given by the firm must including substances, which do betterment for the health of the consumers. In addition, it offers the delicious flavors that will replace the other breakfast items. Discretionary options are the points of difference, which will make the products unique to some extent. “Natural Goodness plc” must sell the products with some other offerings, which are not available in the market. For instance, cereals can serve as a ready-to-eat food.

When it comes to segmentation, consumer preferences are the primary concern. In case of preferences, there are three types of segments. These are – Homogenous, dispersed, and clustered preferences. Natural Goodness has a homogenous preference segment. The probable consumers of the company has positioned in all over the country. So, that the target segments are wide in numbers and but their needs are same in this circumstance. All of them prefer cereals and snacks that are nutritious and tasty. Due to the fact that the company is not diversifying its products by offering different ingredients to different consumer groups, the preference would be considered homogeneous despite its uniqueness. There might be a concern that for no modifications in items, many consumers will treat it as a monotonous one and many other consumers who may find substitute flavor after some frequent use.

On the basis of four fundamental characteristics, the market must be categorized. These include:

Figure: Market Segmentation Standards

All four of these criteria are useful for segmenting the market for health food products.

The market for health food products must target distinct geographic regions within the country. The regions with the most inhabitants have been targeted. Besides were the minimization of the transportation cost, warehouse leasing cost and the purchase pattern of the consumers in the neighborhood. Now the company has its factories and operations in the southern part of the country, which prevents the firm to get the consumers of the other part of the country. Therefore, the company must target consumers in all regions of the country. However, there must be a cost benefit analysis. That is, the expenditures associated with establishing factories, connecting with local retailers, and other operations must be less than the targeted region's profit. Another important aspect, which must assessed, is the average income of that region. If the consumers have enough disposable income to buy frequently, the region must target.

Demographic segmentation is based on variables such as age, gender, occupation, education, family size and life cycle, religion, race, generation, nationality, and social class. The corporation must target clients between the ages of 5 and 40, as cereals and snacks are in strong demand in this age range. Both male and female are the intended consumers. Targeting nuclear families with children or adolescents because to their strong demand for these types of semi-prepared breakfast meals. These foods are frequently consumed by those with middle- and high-incomes.

The health concern is the psychographic basis for the consumption of the company's cereals and snacks. Now people are more concern about health than before. Therefore, consumers must be psychologically motivated to consume nutritious foods. These consumers are the thinkers who think about the health of the family member before buying health food goods.

In case of the behavioural segmentation, the consumers have divided into groups based on the knowledge and attitudes towards the healthy foods. There are some behavioural variables. Occasions, benefits, user’s status, usage rate, readiness of the buyer, loyalty of the buyers and attitudes are some of this. In this instance, the target consumers have planned to purchase nutritious cereals and snacks. Besides, the consumers must be repeat purchasers.

Conclusion

This report has shown that Natural Goodness Plc, a potential producer of cereal food products, can be analyzed using accurate market data and market segmentation with a focus on the UK market. Therefore, after conducting and analysing these two parts, it can said that, Natural Goodness Plc has huge potential to become successful in food items, which is concentrated not only foods, but also health consciousness of customers in easy way for their busy life.

Reference

Kotler, P., & Armstrong, G. (2006) Principles of Marketing. 11th Ed. New Delhi: Prentice-Hall of India Private Limited.

Palmer, A. (2009) Introduction to Marketing. 2nd ed. Oxford University Press

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Factors Influencing Motivation In Organizations Summary And Response Essay Help

Table of Contents
Introduction Context Research Question Literature Evaluation Conclusion Recommendations Citations and bibliography

Introduction

The importance of motivation in our daily lives, whether at school or at work, cannot be overstated. People engage in activities in which they will succeed and excel in activities in which they will enjoy engaging, according to the cycle of motivation theory. While increasing motivation adds to the success and growth of organizations, it may be difficult to attain because it is contingent on the interaction of multiple factors. Supervisors and managers must comprehend not only the significance of motivation, but also the elements that influence it, in order to inspire high motivation in their staff.

Because the employees will not need to be pushed to do their part, good and positive motivation can aid the business in achieving its goals and objectives more easily and swiftly. Because diversity exists within and between organizations, it is essential to comprehend the specific variables that apply to a given firm or its workers. Different things will motivate different people (e.g., at different levels or positions) within the same organization (McNamara, 2008).

In reality, the endeavor to motivate employees is more likely to be successful if the factors that motivate various individuals are identified, as the firm will not be engaging in trial-and-error. The organization must identify the potential for increasing employee motivation and close the gaps that could lead to low motivation. Furthermore, it is essential to regularly monitor these motivational elements because businesses evolve over time and new factors may come into play to influence employee motivation. This study will discuss and analyze several organizational motivational elements.

Background

The nature of organizations is complex, and individuals are diverse. While different firms have particular motivational demands based on the nature of their businesses and other factors, different people are inspired by different things and circumstances.

Job performance has been connected to motivation. In addition, improved employee participation in a variety of jobs can be facilitated by higher motivation. Employers who are unconcerned with employee motivation may be at a disadvantage because the scenario impairs the employees' ability to perform at a high level, i.e. employees may engage, but offer less effort than they would have in the context of enhanced motivation. Motivation can be achieved through a variety of circumstances and conditions, but it must be tied to the accomplishment of the organization's goals and objectives.

In the past, research has been undertaken on ways to increase motivation inside a company. McNamara theorizes on the organizational myths that may impede the entire process or temper the issue of employee motivation. The first of these misconceptions asserts that followers can only be motivated and energized by their leader. Leaders must understand that people may empower and motivate themselves, but that it may be essential to know how to do so and to create and maintain the conditions necessary for each individual to empower themselves; the second fallacy is that money is an effective motivator.

Certain factors, like as job stability and an improved work environment, may prevent workers from becoming less motivated, while they may not boost employee motivation; the third myth is that fear is an effective motivator. The second misconception is that what inspires one person motivates everyone else. The difficulty with this misunderstanding is that even within the same organization, various things motivate different individuals.

There is also the fallacy that greater job satisfaction equals greater job performance. The fact is that the employees' mission and actions must align with the organization's aims and objectives. Research indicates that the aforementioned fallacy is not always accurate.

The author argues that there are fundamental concepts to keep in mind when discussing motivation. Before understanding how to motivate others, leaders must be able to motivate themselves. Leaders must initiate enthusiasm in the workplace so that it can spread to others. In this regard, leaders must also recognize the need to enhance conditions that foster self-motivation.

This accompanies the analysis or detailed examination of the factors or items that influence the motivation of leaders and the necessity of enhancing these factors. Leaders who can effectively identify the factors that motivate them can also discover the factors that motivate others. In addition, leadership is an essential part of an organization and has a significant impact on its overall operation. Self-motivators, including as connection and time spent with family, learning, service, and recognition, must be incorporated into the job design by leaders.

Whatever variables contribute to the motivation of employees, the organization must guarantee that the outcomes are aligned with the firm's objectives. This means that leaders must establish the expected outcomes following inspiration. When considering the methods to motivate employees, McNamara theorizes that the company or leaders must "ensure that employees have a strong input in identifying their goals and that these goals are aligned with the goals of the organization" (2008).

To increase or improve employee motivation, leaders must identify and learn what inspires each person by asking, listening, and monitoring them while they perform their job. According to the aforementioned author, it is essential to recognize that maintaining an environment where each person may encourage themselves is a process. This is a continuing process. It is crucial to ensure that employee motivation is maintained and improved by organizational systems in addition to established interpersonal ties, as the latter can change during times of stress, for instance. These organizational systems consist of organizational procedures and regulations, employee compensation, and employee performance.

Research Problem

This study will focus on and analyze the following research question: what factors influence organizational motivation? In response to the query, the paper will examine the relevant theory about motivational elements. It is anticipated that some of these elements will be connected.

Literature Review

This paper will attempt to answer the aforementioned research topic using just journal articles and other published materials. This study will examine the relevant theory on motivation and its influencing elements. In addition to examining work-related activities, this research examines theoretical material on team activities.

The success of a firm depends in part on the productivity of its employees. To increase both the quality and quantity of work, it is essential to meet the demands of these individuals. Although a good compensation is essential for employee motivation, it is insufficient in some situations because it cannot meet all needs. Additionally, individuals are motivated by many factors. Motivation has been the topic of extensive study since the nineteenth century.

The motivating theory created by Hertzberg is sometimes known as Hertzberg's two element theory. From interviews conducted in 1966, Hertzberg identified a variety of elements that encouraged people at work and those that avoided job unhappiness. Motivator variables boosted job satisfaction and productivity, whilst elements avoiding job dissatisfaction did not increase satisfaction but removed discontentment from the workplace. The latter had the potential to reduce staff productivity if not eliminated. Accomplishment, recognition, the nature of the task, and responsibility are the aspects that contribute to employee motivation.

Those that contributed to job unhappiness included management, compensation, working environment, and business operations (ROK Connect Limited, 2008). The position of Hertzberg has been called into question by study findings demonstrating that factors such as salary and interpersonal relationships influence job happiness or discontent. According to him, the motivational and hygienic elements cannot operate in the same manner as Hertzberg contends.

One of Herzberg's critics proposed the valence-expectation theory of motivation, according to which "the strength (or force) of the motivation to act or behave is a function of the algebraic sum of the products of valences multiplied by expectancies or probabilities" (SViPi). A person can have positive, negative, or zero valence (refers to the feelings of the individuals). This philosophy affirms individual distinctions. The organizational environment was intended to excite and motivate the generators (Li, n.d.).

Motivation is tied to achievement in the sense that those who accomplish better results will be more inspired to work well than those who earn poor results. To ensure that employees obtain achievement motivation, task objectives must be well specified and attainable. In addition to the development of individual responsibilities, group tasks must be interconnected and clearly defined.

The significance of creating precise, accurate, specified, open, and appropriate objectives and tasks is to ensure that an individual's performance can be evaluated. After achieving a predetermined level of performance, employees may receive verbal praise, prizes, or other tangible rewards. The success level must be attainable. If employees are recognized, they are motivated to continue performing well.

The rewards must be attainable, because employees may not pursue them if they believe they are out of reach. Leadership must focus on the likelihood of reaching and accomplishing the desired performance in order to earn the defined rewards. Additionally, systems for reporting performance must be implemented. The administration must be capable of identifying the essential measures of rewarding the individual and the group.

The organization's mission and purpose also influences the motivation of its employees and team members. Employees are motivated when these missions and objectives are linked with their individual desires and goals (Starkey, 2009). The difficulty is no longer whether to assess the employee wants and needs and match them with the organization's aims and purposes, as it is obvious that an organization exists to achieve particular goals and purposes that supersede and may automatically precede the individual's desires and requirements.

In reality, organization goals and purposes cannot be adapted to individual wishes and needs, as doing so would not only be time-consuming but also impossible. Therefore, a challenge is identified in which the interests and requirements of employees will be intertwined with the aims and mission of the firm. The solution to such a problem is to create settings that encourage interconnection between the two. Additionally, minor variations within and between groups must be detected and resolved. When the organization's purposes and goals are matched with the interests and requirements of a few people or groups while ignoring a few others, it may nonetheless perform poorly.

Aligning the diverse needs and desires of many individuals with the organization's limited aims and purposes can be as tough. Although it is impossible to examine and categorize all of the differences, harmonization of these distinctions may be crucial. One strategy involves identifying the conditions necessary to increase the motivation of a specific group of workers, such as electricians, engineers, and doctors, and then adapting the existing conditions to reach the desired ones.

Leadership's influence on motivation may and has been considered. McGregor and Likert have focused on the impact of management style on motivation with the belief that employee engagement and democratic leadership would be supplied if the leader or manager adopted management methods based on Theory Y or system 4 management. In this scenario, employees would feel more accountable for the organization's goals, and the leadership style would motivate subordinates to fulfill their targets, resulting in increased productivity and job satisfaction.

Leaders must delegate responsibilities to employees in order for them to feel invested in the organization's operations. Responsibility allows employees to engage in the management of the firm. This makes employees feel like valued members of the organization and increases their drive if it coincides with achievement in their responsibilities. Members of an organization must be required to contribute in terms of decision-making and procedural actions as resources that should not only be used to work, but also to improve the company's operations. As a result of leadership responsibilities, members feel highly regarded and respected, and they prefer to contribute to the success of a particular organization as leaders.

Analysis

As long as their interests and desires are catered to, informing employees of the particular goals they must reach and reinforcing their attainment of these goals increases their interest in their work. The organization's objectives must be specified and broken down into work objectives that each employee must attain. When corporate goals and purposes are matched with the needs and desires of individuals, both parties gain, not just one.

If the organizational goals are not matched with the needs and desires of the workers and motivation is increased, the organization will lose since the outputs may not contribute positively to the organization's goals and purposes. The distinctions between managers and leaders have been elucidated. According to Kalvar, managers must communicate to employees the intended outcomes and methods of measurement (2006). In contrast, leaders provide general instructions for what should be done and how it should be measured. According to Erven, the functions of managers include planning, regulating, directing, and organizing.

In addition to the numerous external influences that influence motivation, businesses must possess internal qualities that enable them to manage motivational difficulties. One such internal strength is the presence of influential leadership and management that not only champions the achievement of organizational objectives and purposes, but also identifies the significance and means of building channels that achieve the ends.

Mitzberg classified management functions into three categories: decisional, informational, and interpersonal. The latter position involved motivating staff. Motivation is consequently a managerial responsibility. Leadership is one component that influences employee motivation in the workplace. The leadership and management style will decide not only the performance of employees and the organization as a whole, but also the need to enhance existing conditions in order to boost motivation.

In the execution of their roles which includes organizing, giving orders, coordination and controlling (according to Fayol; qtd. in Classification of Managerial Role (n.d.)), managers will be required to consider the importance of motivation in an organization.

A good leader champions the achievement of the organization's goals and purposes while also providing the means to accomplish so. A competent leader attempts to build channels that connect the goals and purposes of the organization with the needs and desires of the employees. In consideration of the Fayol’s position that certain roles would help managers to accomplish certain functions, and that these roles will be carried out through direct interaction with

Air Asia Company’s Strategic Management And Analysis Summary And Response Essay Help

Table of Contents
Corporate Culture Situational Analysis Strategic Alternatives and Recommendation for Strategic Alternative Implementation

One of the greatest threats posed by the task environment to Norvatis is the loss of market individuality. One of their most popular goods, Diovan, is threatened in the marketplace. As noted in Luthans, this effect is currently felt in the EU and is projected to be experienced in the US in 2012 and also in Japan come the year 2013. Davis indicates that this will create an undesirable substance effect on the general output of the company (218). In addition, Gullick and Urwick indicate that Norvatis faces the problem of decreased net sales for branded products due to the emergence of a new, highly competitive generic version of branded drugs (820). Hence those manufacturers offering unbranded versions have sharply reduced the prices of their brands thus facilitating them to gain more market share as compared to those with branded generic versions thus enhancing rigorous competition for market share (Filley).

This competition has been further enhanced by the expiry of the patent term and the emergence of a brand generic version medicine of an identical therapeutic group. The opposition of manufacturers, particularly with regard to items facing legal risks of patent infringement prior to the final legal conclusion, also poses a significant challenge to the task environment. According to Koontz and Weihrich, "the majority of the time, the company relies on a third party to carry out some of its most vital functions, which has historically been a significant disadvantage for the business."

Davies writes in his book, "It is observed that the majority of buyers are unwilling to purchase patent products due to their high prices, and in most cases these buyers use their bargaining power through their unions to advocate for a reduction in the prices of these pharmaceutical products." It has been witnessed that most buyers tend to buy unbranded products which are being offered at cheaper prices, thus hindering the profit-making ability of Norvatis (Mintzberg).

Because the company operates in approximately 140 countries, it is obligated to comply with the laws of these countries. However, it is sometimes faced with the problem of substantial liabilities especially if the company violates any of these laws. This in turn hurts the company’s operations and reputation since these liabilities are rarely paid by insurance. For example, the corporation has suffered tremendously from a variety of legal actions due to rising litigation and government inquiry, particularly in the United States. These legal processes include proceedings on product liability, tax, and marketing practices e.t.c. the business has also been subjected to regular governmental investigations and information demands by regulatory bodies (Mundell) (Mundell).

Currently, the company is experiencing a global economic and financial crisis, which has resulted in a decline in the value of its assets, a lack of liquidity, and insufficient capital for the expansion of the business. For instance, the continuous debt situation in some European nations has caused healthcare corporations in those nations to reduce the prices of their products. In Jenster and Hussey, the economic crisis may also mean that corporations such as Novartis may not receive debts from countries experiencing an economic downturn. This economic crisis may also lead to devaluation and inflation therefore causing Norvatis see a significant loss (Novartis-20F-2010) (Novartis-20F-2010).

The company may also be in a position to predict accurate future revenues and earnings that the company will realize when giving the company’s future guidance on the future market conditions (Nystrom and Starbuck) (Nystrom and Starbuck).

Corporate Culture

In the majority of cases, Novartis has endeavored to create trademarks that are of the utmost importance to customers. This has assisted in preventing brand infringement in areas where the brands are sold. The corporation often employs alternative trademarks especially where legal or language concerns are required, to help differentiate local and worldwide trademarks (Robbins and Coulter, Reillyand Brown ). (Robbins and Coulter, Reillyand Brown ).

In Barro and Vittorio, it is also mentioned that Norvatis patents its products in order to prevent competitors from developing a new brand of their products by gaining access to sensitive information (102). This information comprises the product’s active component and its formulation, the technique for making the product, and its intermediates employed in its manufacture, and the special uses of a product. The company by all means ensures that it protects the significant development of a product in all major markets. Barro and Vittorio highlight, however, that the company also sells products that are currently patent-uncovered due to patent expiration, while others have never been patent-protected (89).

Before an over-the-counter (OTC) product can be marketed, a detailed prescription of its intended use must be prepared and filed by the relevant national or international registration authority, with the approval of the relevant health authority. Robbins reiterate that; the company’s healthcare practices in its products i.e. in the company’s branch in the US, an OTC product is only marketed after it has through the OTC Drud Review which ensures that the drug is safe and effective for human consumption (112).

In addition to its competitive nature, the company believes in the manufacturing of high-quality goods. This competition is intense and encompasses a vast array of commercial activities, including enhanced customer service and product pricing, among others. The business has increasingly invested in internal research and development operations through CIBA, which has led to the introduction of new chemistries, lens designs and surfaces, and processing technologies (Anderson).

Situational Analysis

One of Preker's strategic ambitions is to own 77% of Alcon, Inc (Alcon), a firm renowned for finding and manufacturing revolutionary eye care solutions that help people see better. According to an announcement made by the company on December 15, 2010, the company had formally signed a merger agreement with Alcon, whereby Alcon would be merged into Norvatis under certain terms and conditions to be outlined by both parties, with the merger expected to be finalized by mid-year 2011.

The corporation also expect to evolve along with the demands of the healthcare market by coming up with a series of new drugs. This is anticipated to be accomplished by the company's extensive, determined portfolio, innovative capabilities, and well-established reputation throughout the region (Taylor).

Strategic Alternatives and the Recommended Alternative

In the effort to achieve its objective, the organization has a variety of strategic options from which to choose in order to advance. Among these are innovation, an aging global population that necessitates continuous accessibility, and a demand for healthcare management that requires the attention of pharmaceutical companies; there is also the anticipated growth of emerging markets as a result of the successful development of developing nations in the coming years (Tobin).

Others include lifestyles enhance the spread of chronic diseases and scientific advancements which opens new prospects targeted therapies thus requiring the company’s attention to increased productivity. However, it is worth noting that the company should tirelessly work on the strategy of innovation in order to come up with new healthcare systems which would help solve the aging global population being one of the biggest strategic opportunities that the company is faced with in its operations (Cleland and King).

Implementation

In order to implement the recommended strategy, the company is trying to restructure itself since the recommended strategy is a long-term process which requires continuous healthcare attention. This is primarily evident at Tsaing's employment level, where the corporation has attempted to increase employment opportunities. It is also planning to join with Alcon to help it further enhance its aim of providing healthcare services. This is anticipated to generate substantial long-term revenue (University of Michigan).

Novartis is also expected to acquire Genoptix, Inc in cash tender offer of $25 per share. This would assist provide strategic alignment with the company's Molecular Diagnostics unit and ensuring that the internal capabilities aimed at improving healthcare outcomes through the development of individualized treatment regimens are realized.

Bibliography

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Cleland, Daniel, and King Richard. Analysis of systems and project management. New York: McGraw-Hill, 1968.

Best practice in corporate governance: building reputation and sustainable success, by Adrian Davies. New York: Gower Publishing, Ltd., 2006.

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The Social Psychology of Organisations. New York: John Wiley, 1978.

Koontz, O’Donnell, and Weihrich Heinz. Management. New York: McGraw-Hill, 1980.

Luthans, Fred. Organisational Behavior. Singapore: McGraw-Hill, 1986.

Mintzberg, Henry. Organisation Design: Fashion or Fit. Harvard Business Review: 103-116, 1981.

Mundell, James. Journal of Political Economy: Inflation and Real Interest, 280-83., 1963.

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Alexander Preker, prudent spending: purchasing health services for the poor. 2005: World Bank Publications, London.

Reilly, Frank, and Brown Keith. Analysis of investments and portfolio management. California: South-Western/Thomson Learning, 2003.

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University of Michigan corporate affiliations directory. Michigan: National Register Pub. Co., 2001.

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Cargill Enterprises: Case Study Summary And Response Essay Help

Table of Contents Introductory Material Important Strategic Marketing Issues Facing the Organization The Potential Solutions for the Problems Alternatives That Should Not Be Used Implementation schedule for the Recommendations Important Milestones for Implementing the Recommendations The Implications for Responsibilities and Resources of the Recommendations Risks in the Proposed Methodology and Mitigation Consequences of Ignoring Recommendations

Introduction

CE, formerly known as Cargill Enterprises, was founded in 1960 as the commercial arm of Disabled Citizens Society (Otago) Inc. The fundamental objective of this non-profit organization was to provide a channel for the empowerment of people with disabilities. The management of DCSO discovered through research that many of the nation's largest firms excluded people with disabilities from their recruitment campaigns. The organization recognized the need to develop a platform that could accommodate such individuals. Given the entity's social mission, the government has granted it support, allowing it to extend its product line. These services consist of woodworking, e-waste recycling, assembling, polystyrene cutting, packaging, and mailing. The entity's objective is to stay self-sufficient despite its non-profit business style.

Important Strategic Marketing Issues Facing the Organization

The case study illustrates crucial strategic marketing challenges that cannot be disregarded by the organization. The corporation has developed the reputation of a social organization devoted to assisting individuals with disabilities, which is one of the primary difficulties that emerge from the case analysis. As a result, its customers and partners are required to employ looser restrictions while interacting with the company. As a result of the requirement to generate profits in the current business climate, many companies are eager to avoid such competitors. They claim that CE does not provide them with the necessary competitiveness to succeed on the market. Additionally, it is apparent that the corporation faces intense competition on the international market. Some products imported from China are around 10% less expensive than those sold by CE, despite their inferior quality. Moreover, it is apparent that the business cannot meet the minimum wage obligation.

The Potential Solutions for the Problems

The organization must find a method to overcome the significant issues it currently faces. One of the possibilities it can examine is redefining its workforce to ensure that individuals with and without disabilities are employed. Diversity may aid in enhancing the company's production. Consider automating a portion of the services as a second alternative. The goal of automation should not be to reduce the workforce. It should instead focus on expanding the firm's capacity to deliver more services to clients. The company can consider outsourcing some services, particularly those that are pricey. Alternately, the company may focus on importing certain products to reduce production costs and increase profitability. Regardless of the technique chosen, the company's objective should be to safeguard the interests of its employees and assure their continued viability.

Alternatives That Should Not Be Used

The management of CE should be cautious to avoid solutions that are not in line with its fundamental objective of providing a platform for individuals with disabilities to obtain gainful work while selecting the most effective technique for managing operational problems. Outsourcing services is one of the alternatives that should not be prioritized within the organization. The strategy may assist the company in reducing operational costs and increasing efficiency, but it may have a negative impact on CE's current staff. Some of these people may become obsolete as more duties are outsourced, and it may be essential to lay them off. Importing goods from places like China may have the same effect as eliminating jobs for the company's current workforce. These two tactics may aid the company in resolving financial and competitive issues, but they are detrimental to the personnel.

The management should consider adopting policies and initiatives that will assist it in reducing its operating expenses, boosting its productivity, and addressing any other problem mentioned in the case study. Redefining the labor structure is one of the best methods that the company should explore. In this context, the organization will prioritize hiring people with and without impairments. The objective will be to establish an environment in which persons without disabilities may address the deficiencies of those with disabilities. When the present workforce realizes that they can perform at the same level as those without disabilities, they will be motivated. The strategy will also assist in altering the company's image. The second method that the company should consider is automating some services, particularly those that the current workforce is unable to perform efficiently.

Implementation schedule for the Recommendations

Implementation determines the effectiveness of the chosen strategy by management. Timeliness is one of the aspects that must be taken into account during the execution process. The preceding table depicts the planned schedule of activities that management should consider. From September 1 to September 18, the focus should be on developing the most effective strategy or strategies to help the organization overcome its current issues. The period from September 20 to October 2 should be devoted to educating all stakeholders on the necessity of change and its advantages. The actual implementation of the new policy/strategy will require approximately two months, between October 5 and November 30. It will involve the real process of organizational change. The final phase will be the evaluation of the results, which will occur between December 2 and December 19.

Important Milestones for Implementing the Recommendations

The management should comprehend the essential milestones for implementing the aforementioned recommendations. The first stage will be to implement a recruitment effort in which personnel with and without disabilities will be hired. When employing such employees, management will need to raise awareness among all stakeholders and explain why it is necessary to do so. The objective is to avoid giving the impression that the organization is no longer committed to developing work possibilities for disadvantaged members of society. The next milestone is to redefine the strategy to completing diverse duties depending on the talents, expertise, and abilities of each organization member. The management can then implement automation to enhance overall productivity. The final step is to evaluate the progress accomplished following the restructure and make any necessary adjustments.

The Implications for Responsibilities and Resources of the Recommendations

It is essential to identify the personnel accountable for certain tasks and resources required for the execution. This organization's management unit will be responsible for approving the recommended strategies necessary for its transformation. They are also responsible for designing a recruitment plan that strikes a careful balance between the number of personnel with and without impairments. They must undertake the hiring procedure and implement new policies to govern the new work environment. In addition, they must approve and release resources required for the implementation process. Employees are responsible for adapting to the new employment environment, which may necessitate the usage of new technology to perform their jobs. The given timeline of activities suggests that the process will take around four months to complete. The quantity of money required will vary based on the strategy used by management.

Risks in the Proposed Methodology and Countermeasures

The recommended strategy for tackling CE's difficulties contains some risks that management must be prepared to meet. One of the greatest obstacles is that the organization may lose its reputation as a provider of employment and empowerment opportunities for individuals with disabilities. It may be considered as a for-profit organization that does not merit special consideration. As the company continues to hire people without disabilities, it may be harder for persons with disabilities to obtain employment there. There is also the difficulty of government funding. There is a possibility that the government will no longer deem it necessary to subsidize this enterprise. It is critical to find ways of addressing these challenges. The proposed mitigating measure is for the corporation to invest in public education so that the public understands why these initiatives are essential for the organization's existence.

Consequences of Not Adhering to the Suggestions

The administration may choose to disregard the suggestions offered in this presentation. As more inexpensive imports continue to flood the market, it is possible that the company will lose 75% of its market share within the next two years as a result of this action. Organizational purchasers seeking to reduce operational expenses in order to increase their profit margins may explore importing cheaper goods. If the company does not restructure its operations as indicated, it could lose the majority of its clients. There is a possibility that the organization will be compelled to cease operations over the next three years if it fails to adapt to changing market conditions. On the local market, it may lose importance. It is also possible that the government will deem continued backing for this corporation superfluous. The management must adopt the offered remedy in order to prevent these dangers.

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Management Accountancy Issues And Professional Ethics Summary And Response Essay Help

Introduction

Professional ethics, according to Buchman (2005), are norms that drive decision-making in a certain field. The judgments include those pertaining to transactions, maintaining proper relationships with the public, and within the professional field as a whole. Professionals are obligated not to cause harm to their clientele. In addition, the definition of professional ethics includes regulations that define the code and behavior of those who participate in the professional sector (Chow &Cooper 2008).

Professional ethics are present in numerous disciplines, including healthcare, teaching, and law, among others. This paper will focus on professional ethics in one of the aforementioned professional disciplines. Before discussing challenges arising from management accountancy as a profession, the author will focus on accounting ethics.

Integrity in Accounting

Ethics in accounting entails making morally decent decisions based on accountancy principles. The history of ethics in this sector may be traced back to the writings of Luca Pacioli, an ethics proponent who emphasized the necessity to incorporate ethics in accounting. He is considered the father of accounting (Buchman 2005). This was way back in 1494, when he penned three works on accounting ethics. One of the volumes titled Summa de Arithmetica is regarded as the cornerstone of accounting ethics. From his works, the field has evolved to encompass numerous government agencies, non-government groups, and businesses that realize the necessity to teach accountants and auditors skills and ethics (Dechow & Sloan 2001). For instance, the American Association of Public Accountants has been a leader in efforts to safeguard the accounting profession. In order to gain the public's trust, persons directly involved with accounting services are required to comply to the association's norms and regulations.

In today's world, accounting difficulties ranging from substandard services to unethical standards have led to the demise of numerous corporations. This has raised more concerns than answers regarding the decline of the accounting profession (Rosenwald 2007). The answer to a number of these problems was to include ethical standards into the accounting profession. Thus, unethical behaviors such as fraud would not be permitted, resulting in a career with respectability (Jackling, Barry, Leung & Dellaportas 2007).

Evaluation of the Importance of Accounting Professional Ethics

As a result of the requirement to uphold high ethical standards in order to gain the public's trust, accounting professionals are required to adhere to professional ethics. A lack of professional ethics can damage service quality and mislead the public (Stephens 2003). Numerous areas of society place a high premium on accounting services. They are required to make informed decisions regarding investing and similar matters. For instance, governments require accurate accounting to plan for future improvements. In other words, different stakeholders require accountants' information to carry out some of their activities (Young 2005).

Accountants perform distinct responsibilities in the provision of various services. In other words, the accountant in this profession has various specialized tasks. Some of them are auditing specialists who ensure the accuracy of the numerous transactions conducted. In addition, they detect fraud, assist consumers with budgeting, and even offer financial advise (Williams & Elson 2010).

At this time, we recognize the significance of ethics in the accounting profession. The drafting of the profession's code of ethics draws our attention. In order to accomplish this, the author will discuss the significance of these codes of ethics in management accounting. The author draws reference to the code of ethics because understanding the regulations that govern the profession for the purposes of accountability is necessary (Healy & Whalen 2009).

The codes of ethics may also be referred to as the regulations created by the governing body or any other independent organization responsible for the oversight of management accountancy. This is to ensure that the regulations are strictly adhered to. The codes can also be broadened to include procedural declarations defining the principles and expertise of the profession (Hilton 2000).

Different nations have diverse approaches to the accounting profession. In Germany, for instance, accounting is governed by tax law, whereas in the United Kingdom, accounting laws are contained in company law (Clikeman 2005). Therefore, understanding of accounting ethics is a prerequisite for entry into the accounting profession. Every accountant must follow the norms established by the country's legislation (Loeb 2009).

From this vantage point, international organizations such as the International Federation of Accountants believe that accountants exist and practice in various nations, hence necessitating international recognition. There is a need for an international legislation to control the standards of this highly esteemed profession around the globe, as this profession is essential to the functioning of society (Stevens 2002).

Fundamentals of Management Accounting

Integrity

In accordance with the code of ethics, this is what characterizes a professional worker. In this situation, the professional accountant must always be honest and refrain from engaging in actions that are not commensurate with the profession. Deviation from this signifies unethical behavior. This includes, for instance, accepting bribes and producing fraudulent financial records.

Objectivity

In this instance, those working in this profession should not be motivated by their own personal interests (Williams & Elson 2010). Additionally, bigotry should never be tolerated under any circumstances. All employees in this industry should treat all clients equally, without favoritism based on personal relationships or other considerations. This requires the accountant to be as objective as possible when preparing financial reports.

Confidentiality

There is a need to protect information obtained by accountants so that unauthorized third parties cannot gain access to it. This is especially true in light of the fact that accountants frequently encounter highly sensitive company information. This information, if exposed to third parties, might be catastrophic. The connection between firms should remain intact. In all processes, confidentiality becomes a vital aspect. Accountants must not exploit sensitive information for personal gain (Waller 2008).

Professional Capability

The knowledge and abilities of a particular accountant should be reflected in the services they offer. This service should be uniform across the entire profession. This means that the accountant should give the client with quality and professional services. These are services that conform to industry standards. If the professional's services are altered in any manner, he or she may become incompetent (Schneider & Sollenberber 2003)

Ethical Obstacles in Management Accounting

Neglecting management accountancy's ethical regulations has resulted in subpar services, resulting in poor performance and low professional standards. Lack of transparency and effective governance frameworks are the key difficulties facing the sector. Those engaged in the field lack accountability for their efforts (Seller 2001). In this way, the two obstacles are diminishing ethical performance in management accounting. Due to the absence of accounted financial statements, it has denied the public access to their assets. In terms of professional accounting, issues such as a lack of accountability and uniformity also contribute to the decline of ethical behaviour. International Federation of Accountancy and famous scholars have identified a number of issues that have contributed to the global deterioration in ethical standards. The following outlines them:

Self Interest

This aspect impairs the ethical conduct of professionals in this business. Individuals alter financial statistics and progress reports to receive undeserved recognition out of self-interest. Other employees execute behaviors that benefit their superiors (Waller 2008). As a result, numerous employees have been rendered unemployed following the closure of a company due to faulty financial records.

Unsufficient Ethical Sensitivity

This is another difficulty in management accounting. As far as the ethics of the profession are concerned, candidates in this situation do not uphold their moral principles (Zimmerman 2000). Those who are qualified to work in the sector do not demonstrate the necessary ethical behaviors. In addition, few students are enrolling in this subject, resulting in a shortage of qualified specialists (Waller 2008).

Insufficient Leadership and Poor Judgment

Due to a lack of adherence to ethical principles, poor leadership has resulted in insufficient planning. Good leadership necessitates proficiency in all aspects of the profession. Failure to maintain this culture will result in substandard structures within the profession, which requires a high level of ethical discipline (Loeb 2001). When it comes to making decisions, erroneous judgments are causing the company to fail. Large, medium, and even small businesses require sound decisions that inspire public confidence in their operations.

Financial Scandals

This is a typical expression we encounter in our daily lives. The word sprang to prominence in the late 1980s (Cheffers & Pakaluk 2007). During this time period, companies that concealed information and revealed it only after it was too late had failed. This was the result of numerous unethical practices, including bribery and creative accounting, among others (Hoffman 2006).

This trend is preventing investors from gaining the knowledge necessary to invest their capital. WorldCom is a wonderful example of a company that breached ethical standards by concealing its actual financial records. Enron is another example of an accounting fraud that cost 85,000 jobs (Berton 2004). This multinational corporation failed to report the exact statistics of its financial statements, placing it in jeopardy with creditors and shareholders. Auditors and finance department workers signed an erroneous financial statement. Even though only a few employees were implicated in the incident, the whole company's workforce was harmed.

Professional Organizations within Management Accounting

Due to the increased instances of corporations violating the code of conduct around the world, international bodies have been established to ensure that the management accountancy profession adheres to ethical standards (Dey & Dominiq 2009). This concept was inspired by the media's continual coverage of scandals and ethical violations in the field. Due to false financial statements, multinational corporations have collapsed. This has resulted in a loss of confidence in the accounting profession and harm to the society. Due to mismanagement, the massive capital markets have been forced to cease operations. Several international organizations have been formed to investigate the subject, but little effort has been done to comprehensively address the problem and find a permanent resolution (Kaplan & Atkinson 1998)

International Financial Reporting Standards (IFRS) is one of the international organizations advocating for industry-regulatory ethical standards. The international accounting board initiated it. IFRS is active in over 115 nations, including the European Union and Australia (Nelsont, Elliott & Tarpley 2003). These worldwide organizations are involved in the formulation of policies that safeguard consumers from accountants who violate ethical codes of behavior. The guidelines are based on principles, and this action is deemed effective. This is due to the fact that the IFRS is able to inflict harsh fines on those who violate the code of conduct and, more crucially, provides guidance to those who are confronted with significant difficulties when interacting with their consumers. Another significant component of the IFRS is that it has developed monitoring systems to ensure that ethical standards are adhered to (Patrice 2003).

Two issues affect the IFRS's efforts to uphold ethical rules of behavior and have a significant impact on its primary activities. Comparability is the process of comparing accounts and being answerable to several corporations in the interest of openness. The second factor is relevancy and dependability. In this situation, the customer's trust is of paramount importance to all parties involved (Horngren 2002).

The practice of adhering to international regulations has not been applied in all nations. Therefore, it is imperative that all accountants worldwide conform to these ethical norms. Given that they only regulate a small percentage of the world's accounting activity, the effectiveness of international bodies is diminished (Horngren 2003).

Reaction to Difficulties and Scandals

Numerous actions have been taken to combat unethical conduct among accountants. The actions range from alterations to the educational format supplied by accounting schools (Casler 2004). Students who aspire to enter this industry are taught the skills necessary to provide high-quality services. In addition, companies and regulatory agencies have made attempts to protect the integrity of the profession by ensuring that tertiary education teachers have access to educational materials. This is to ensure that they generate graduates who are highly qualified and willing to adhere to ethical conducts.

Accounting regulations such as Australia's Corporate Law Economic Reform Program Act 2004 and the United States' Sarbanes-Oxley Act 2002 are meant to ensure that the proper channels are followed (Rosenwald 2007). These include regulations that must be followed during accounting transactions in accounting firms and the auditing of accounting financial statements (Sellers 2001). For instance, the Chicago Times exposed unethical behavior inside the Public Oversight Board (POB), but regulatory agencies intervened and a new board (the Public Company Accounting Oversight Board [PCAOB]) was established to replace POB (Berton 2004).

Still on improvements, the President of the United States has signed numerous measures, including the Consumer Protection Act, which protects customers from harm caused by unscrupulous accountants in all areas of management accounting (Bennett, Bradbury & Pragnell 2006). This has assisted the actions of whistleblowers who act swiftly when they believe a company to be deviating from its stated standards (Stephens 2003). The whistleblowers uncover an issue early enough so that the proprietors are held accountable, hence causing less harm to consumers (Loeb 2009).

Conclusion

In any sector, ethical behavior is essential for protecting the public's rights by ensuring that professionals work within predetermined parameters. Professional ethics should be taught in schools at an early enough age to ensure that persons entering a profession conform to the regulations in place when they begin their careers (Carey 2009). To protect the integrity of the profession, those who violate ethical conducts should be punished severely. This is for the public welfare and to provide a conducive environment for professional personnel. If these steps are implemented immediately, occurrences of unethical behavior will decrease (Hoffman 2006). Finally, there should be constant monitoring and evaluation of every accountant’s performance by independent

Barack Obama Community Center’s Change Issues Summary And Response Essay Help

Table of Contents
Introduction Innovative Concept Gain Support and Create a Plan of Action System Assets Objectives and Objectives Implementation Neutralization Evaluation References

Introduction

Recently, the author of this study was appointed Director of the Barack Obama Community Center. They have been tasked with implementing a large-scale shift in the Center's operations and possibly the entire neighborhood. Due to the rise in school enrollment, especially among low-income students, Dover's educational landscape is undergoing significant change. Nonetheless, there are substantial differences throughout Dover and the Dover Springs district in particular. In addition, there are parent organizations in the region that must be considered due to their influence. After assuming their new role, the author will endeavor to resolve the many concerns and satisfy the parties engaged in the schooling process. To do this, they will implement an innovative solution based on the IMAGINE strategy for macro transformation.

Innovative Idea

As its name suggests, the objective of the community center is to serve as a gathering place for the local community, where individuals may engage in shared experiences and better understand one another. According to Morgan (2017), an ideal example of this type of structure should have an auditorium, a few meeting rooms, a nursery, games, a café, and outdoor playgrounds, as well as other points of interest. Such a center may accommodate a variety of activities and meet the requirements of both youngsters and adults. Children could engage in learning while playing, allowing their parents to relax or pursue other endeavors. However, this strategy would certainly benefit from a number of changes that reflect district conditions and solve them.

According to district data, the majority of the district's school population is either Asian, African American, Hispanic, or of mixed race. The data on reading and math proficiency, however, indicate that all of these groups, with the exception of Asians, perform much worse than whites and the national average. Furthermore, Title I, special education, and LEP pupils' performance was far below average. As suggested by Peppler, the Center will construct a computer area for underprivileged individuals to increase their access to Internet media (2017). To overcome the imbalance, the Center will begin adding culturally relevant techniques that support the academic development of children from diverse backgrounds.

Collect Support and Develop a Plan of Action

To implement the new initiatives, the Center will need the aid of educators who have experience working with children, in particular. It will employ senior educators to plan the programs, but it will also need personnel to implement and manage the activities. Meidl and Dowell (2018) highlight the advantages of having pre-service teachers practice at community centers for the removal of racial and socioeconomic gaps. The Delaware Technical and Community College offers courses for future elementary school teachers. As a result, the Center can form a partnership with the institution to produce mutually beneficial outcomes by having students who aim to become teachers contact with children and use the most current approaches.

Figure 1. BOCC organizational chart

Parents are another stakeholder group that might be convinced to support the program and contribute to its improvement. According to Scribner and Fernández (2017), historically, groups such as Hispanics were neglected in the school system despite the opportunities that their participation generates. The Center will attempt to incorporate some of the suggestions made by parent organizations into its programs and activities. However, it will also conduct independent study into various population groups to determine their special requirements and prevent their marginalization. Similar to schools, parent groups may disregard the concerns of their minority members by adopting a majoritarian stance. In order to maximize participation across all demographic groups, the Center will need to conduct an independent analysis of the situation.

Assets

The Center's primary asset is its physical location, which is equipped with a number of amenities. Built structures are a very valuable resource, according to Kirst-Ashman and Hull Jr. (2016), since they may be utilized for a number of purposes without major modifications or adaptations. The BOCC's building can be used to hold a variety of events and serve as a hub for outside initiatives. Additionally, it can convert one or more of its rooms into a library or computer room. As a result, the majority of programs implemented at the Center will aim to take advantage of its location and serve as a community gathering place.

The existence of parent organizations constitutes the Center's second key asset. Their opinion can be important for achieving high education standards and implementing initiatives that improve children's academic performance. However, as shown by Robinson (2019), they can also help organize volunteer activities and other community service initiatives. The organizations in the district demonstrated their capacity and willingness to do so by raising cash for computer programs in the local schools. Nevertheless, the Center's relationship with its parent organizations should not become excessively dependent on one another. They have previously used their influence to get preferential treatment and may attempt to exert unproductive influence on the BOCC, which should be avoided.

Objectives and Objectives

Goal number one is to expand access to online media for low-income children.

Year 2020

Activity Accountability Date of Completion for the Cost Evaluation

1.1 Acquire ten computers with peripherals and install the required software on them. A modest computer can be purchased for roughly $300, but there are additional expenses, such as software and electricity, that must be considered (Information Resources Management Association, 2018). You June $5000 Purchase requests

1.2 Contact the local library in order to access its digital database from BOCC computers. You Might $200 Successful connection

1.3 Design educational multimedia activities for youngsters Program Coordinator September $1000 delivery and reception of children on time

Goal No. 2 is to improve the academic performance of minority, low-income, and Special Education students.

Year 2020

Activity Accountability Date of Completion for the Cost Evaluation

2.1 Meet with community representatives to discuss their requirements You are able to $100 Meeting minutes

2.2 Conceive of learning activities that will engage children of diverse backgrounds. $1000 for Program Coordinator in July The academic achievements of the youngsters engaged

2.3 Design specialized materials for LEP and kids with specific needs Program Coordinator July $2,000 User evaluation and modifications to learning outcomes

Implementation

The implementation of computers will commence with the designating of a special space for their use and the procurement of the appropriate equipment. Concurrently, the Center will study and purchase the optimal solution for its purposes. Chromebooks are a popular choice for school PCs, according to Jurkowski (2017), while other solutions are available as well. After receiving and installing the gadgets, the staff will become familiar with them and prepare to assist youngsters with their use. The administration will collaborate with professors to develop and execute computer usage guidelines. Following the completion of these stages, the computers will be made available to anybody. Educators will modify their curricula to accommodate the growing availability of online material.

To serve children with varying ethnic backgrounds and requirements, BOCC employees must first comprehend their circumstances. The organization's leadership will conduct meetings with various organizations and inquire about their problems and concerns, as well as review pertinent material. The educator staff will next utilize this information to plan and implement suitable interventions. During the development of the programs, the Center will propose the cooperation to Delaware Technical Community College. Dardig (2016) suggests that educators maintain ongoing contact with the parents of the children, especially in the case of children with special needs. By doing so, the Center will earn the community's trust and enhance its capacity to carry out activities in the neighborhood.

Neutralization

The parents are the group most likely to oppose the Center's programs, whether in part or in whole. Due to the presence of numerous influential parent associations in the district, they will likely be able to voice their opinions and compel the BOCC's administration to evaluate the problem. According to Musgrave (2017), the parent-teacher connection is challenging due to the fact that both parties desire wonderful results for children yet view the particulars differently due to their diverse areas of expertise. Parents can submit ideas that are impractical or difficult to implement, and they can also challenge the legitimacy of the strategies proposed by teachers. Despite this, their perspectives may still be relevant and deserving of serious attention due to the possible benefits they present.

The framework within which the proposed innovations will be developed should mitigate a portion of the parents' objections. They will attempt to directly address the concerns of the parents, thereby convincing some community people to support the Center. As the author's letter demonstrates, there will also be counter-proposals that may contradict with the planned interventions or introduce unneeded procedures. Nnakwe (2017) suggests that policymakers examine the opposition's factual points and deliver a constructive answer in an effort to find a compromise. By doing so, the Center will be able to optimize community satisfaction, which is essential for creating confidence between parents and teachers. The author has provided in the appendix a response to the letter stated previously in which they attempt to employ this strategy.

Evaluation

This adjustment is primarily intended to improve educational outcomes for children in the Dover Springs district. As such, its success can be measured by the degree of improvement demonstrated by these children. Tice et al. (2019) emphasize that the evaluation of macro adjustments entails collecting data and making conclusions from it in order to achieve reliable results and propose additional organizational enhancements. The Center will analyze the data collected by schools across the district and city to evaluate the effectiveness of its policies. Specifically, its management will study information regarding student groups that are currently experiencing difficulty. After a few months of implementing the measures, the outcomes should begin to materialize. However, as Kirst-Ashman and Hull (2016) emphasize, it is equally crucial to evaluate the long-term dependability of the outcomes. The author anticipates a rise in the percentages of proficient African American, Hispanic, multiracial, Title I, special ed, and LEP children.

To ensure the BOCC's success, the author will seek to ensure that the facility reflects the different needs of its community. They will meet with various parties involved, address their concerns, and seek to find solutions that are acceptable to all parties. They will also manage the employment process and attempt to ensure that the Center employs a varied staff that understands and addresses the needs of the many children. However, they will attempt to acknowledge their limitations and defer to experts in their respective fields of competence. The author considers their position as that of a liaison between the various parties involved in the education of children and the Center's plan designer. They will attempt to restrict their interference in daily operations and concentrate on the BOCC's overall success.

References

Dardig, J. C. (2016). 25 ideas for involving parents of students with special needs. Skyhorse Publishing is a publishing company.

Association for Information Resources Management (2018). Management of online courses: concepts, approaches, tools, and applications. IGI Global.

Jurkowski, O. L. (2017). A detailed guide for media experts and other educators on the topic of technology in the school library. The publishers Rowman and Littlefield

Kirst-Ashman, K. K., and G. H. Hull (2016). Generalist practice with organizations and communities comprises the empowerment series (7th ed.). Cengage Education.

Meidl, T. D., & Dowell, M. S. (2018). Research compilation on service-learning efforts within teacher education programs. IGI Global.

Morgan, Arthur E. (2017). The foundation of democratic existence is the tiny community. The company Taylor & Francis.

Musgrave, P. W. (2017). The sociology of schooling (3rd ed.). Routledge.

Nnakwe, N. E. (2017). Planning for community nutrition's health promotion and illness prevention (3rd ed.). The company Jones & Bartlett Learning.

Peppler, K. (Ed). (2017). The SAGE encyclopedia of non-school-based education. Publications by SAGE.

Robinson, Timothy Y. (2019). Understanding the community and its resources is the focus of Module 6. In Supervision modules to support educators in collaborative teaching: Helping to support and maintain consistent practice in the field, edited by K. L. Lubniewski, D. F. Cosgrove, and T. Y. Robinson (pp. 83-96). The Information Age Publishing industry.

Scribner, S. M. P., & Fernández, E. (2017). The interconnections of school reform, anti-immigration policies, and Latinx parent mobilization as they pertain to the organizational politics of parental engagement. Educational Policy, 31(6), p. 895 to 920.

Tice, C. J., L. E. Cox, and D. D. Long (2019). Advocate social work practice at the macro level. Publications by SAGE.

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The Management Of Lean And Agile Organisations Summary And Response Essay Help

Introduction

For a business to remain competitive in the current market, it must know the demands and desires of its customers and assess its design processes in order to match their objectives and specifications.

Companies such as Toyota have done an excellent job of comprehending their customers and design processes. As a result of this technique, the organization has maintained a market lead over its rivals. Toyota accomplished this by developing its own philosophy of continuous improvement and waste reduction, which became the foundation of lean manufacturing. What precisely does lean manufacturing entail? How does this operational strategy vary from mass production? What obstacles can prevent the implementation of lean production? This study seeks to address the aforementioned questions. The document also includes the author's personal assessment of the viability of implementing lean in a particular company.

Lean production outline

Definition

Lean Manufacturing, often known as lean production, is a systematic method to production that identifies and eliminates wastes by focusing on client wants and needs (Heizer and Render, 2006). Lean manufacturing does this by continuously enhancing the production process by generating products based on client demand.

The practice of lean production emphasizes that only operations that provide value for the client should consume resources. In general, lean production emphasizes providing more value with less effort. Activities that do not contribute to the value of the final product are considered wastes and must be removed. Customers who pay for a product or service should be considered when defining "value." Consequently, value refers to the activities or procedures that buyers are willing to pay for.

Rational

As wastes are decreased, resources may be allocated to activities that add value to the product, resulting in a rise in product quality. Additionally, a quicker reaction to the needs of clients is possible. By removing wastes and activities that do not add value, involving everyone, and pursuing continuous improvement, a company can gain a competitive advantage.

History and Development

The concept of garbage removal has existed for a very long time. Ancient principles served as the foundation for the current notions of lean manufacturing.

The idea of lean manufacturing was adopted by the Toyota Production System in order to reduce waste. This philosophy was developed primarily from the folklore of frugal economics. The global community lauded the company's efforts to eliminate the "seven wastes" originally identified by Toyota. (Heizer and Render, 2006). The corporation got a great deal of attention due to its remarkable value-creating activities. The world is astonished that a modest company has become one of the world's premier vehicle manufacturers (Bailey, 2008). Since then, research has been conducted to determine why this occurred.

John Krafcik initially invented the term "lean" in 1988. The Sloan Management Review published "The Triumph of the Lean Production System" by Krafcik. The paper was based on Krafcik's master's thesis from Sloan School of Management (Womack et al, 1991).

Sakichi Toyoda's textile plant in the 20th century may have been the source of the concepts that led to the development of Toyota's lean manufacturing philosophy. Autonomation and Jidoka began when Sakichi programmed the industrial looms to halt automatically if a thread breaks. In 1934, the company evolved into an automobile manufacturer. Since then, Toyota's founder, Kiichiro Toyoda, has built and redeveloped the organization's procedures. Kiichiro specifically created the notion of "kaizen" teams to improve the product's quality. He also launched pull production scheduling, which implies that sales must be driven by actual sales rather than arbitrary targets. Taiichi Ohno was responsible for integrating the company's guiding concepts and developing the Toyota Production System (Strategos, Inc. Official website).

The theory underpinning lean manufacturing was originally developed for the automobile manufacturing industry for production scheduling, quality improvement, and waste reduction. Since its first proposal, the interest of the corporate community in lean manufacturing has expanded. Today, lean manufacturing is utilized in a variety of industries and business procedures. Call centers have decreased handle time, agent variability, accent barriers, and other inefficient tasks (Adsit, 2009). In addition, a study conducted by Warwick University for the Scottish Executive identified the potential application of lean production in the public sector (Radnor et al., 2006)

Already, research on the use of the lean principle is being conducted. In reality, there have been studies claiming that the application of lean was the secret to the success of several retail and airline organizations (Ruffa, 2008). Despite these studies, the application of lean principles to the services sector still need additional experimental development (George, 2003).

The Future of Lean Production

Lean is primarily concerned with removing tasks that do not add value to a product or service. Six Sigma is a set of tools first employed in quality engineering to enhance the quality and dependability of a product or service. These two disciplines are gradually merging to form a new discipline that can be more beneficial to all sectors and business operations (Global Six Sigma USA, 2005). This innovative paradigm is applicable not only to manufacturing and supply chain activities, but to all facets of an enterprise (Six Sigma Institute). The use of lean in other business processes and industries will yield the same final advantage enjoyed by manufacturing organizations, namely a competitive advantage over their rivals.

The concepts of lean manufacturing are here to stay due to the attention that lean manufacturing and its various potentials have received. There are currently several active studies in the topic of lean manufacturing. There is much room for improvement in this promising production strategy.

Lean production versus mass production

Detailed Description of Mass Production

Mass production, also known as flow production or series production, is the process of manufacturing huge amounts of identical products using an assembly line. In mass production, all product units undergo identical operations. In repeated operations, an assembly line is a method that assembles prefabricated components at a series of workstations (Heragu, 1997).

Fluids and other mass-produced items, such as food, chemicals, and fuel, can utilize mass-production concepts. Discrete solid components, such as pencils, also utilize mass manufacture. Assemblage-required products, such as appliances and automobiles, can also utilize mass manufacturing concepts.

Comparison between Lean and Mass Production

The purpose of mass manufacturing is to build families of comparable, high-volume, low-variety units. This provides the business with optimal usage and economies of scale. Lean manufacturing, on the other hand, focuses on the quality and efficiency of utilizing all corporate resources (Heizer and Render, 2006)

Lean manufacturing utilizes a "pull" style of production scheduling in which the creation of items is driven by real product sales or demand. In the case of mass production, goods are created depending on the company's production or sales target, regardless of whether real sales are made. In addition, lean manufacturing organizations strive to maintain their inventory levels to a minimum, and in certain cases, to none at all. Utilizing mass production processes will certainly necessitate maintaining a substantial inventory of finished goods (Levinson and Rerick, 2002)

In terms of capacity utilization, mass production utilizes employees and infrastructure more effectively than lean manufacturing. Capacity utilization is an economic concept that refers to the amount of usage of an organization or economy's available production capacity. It is a function of the facility's actual output and the prospective output that could have been produced if the facility's full capacity had been utilized (Heragu, 1997).

Advantages and disadvantages of both strategies

It is more convenient to pursue a mass manufacturing strategy when developing standardized, high-volume items. Consequently, variable expenses per unit of product will decrease. In addition, mass production reduces the cost of material handling for inventory of work-in-progress. With mass production, training and supervision can also be simplified. Lastly, mass production reduces the time required to make a single unit of a product by a significant amount (Womack et al, 1991).

Because it requires specialized equipment, mass production necessitates a substantial financial investment. Moreover, the production line's flexibility is rather inadequate. Once the process has been implemented, it will be extremely challenging to modify the design to produce different types of end output (Global Six Sigma USA, 2005).

Lean manufacturing offers numerous benefits to the production process of a company. First, lean production reduces nearly all forms of expenditures by eliminating waste. Additionally, variability is diminished. Variability is any divergence from the optimal procedure that produces a flawless product at the optimal time. As a result of these factors, quality is enhanced. Another significant benefit of lean production is its adaptability. A lean production system is easily adaptable to the expected changes that accompany a mindset of continuous improvement (Levinson and Rerick, 2002). It is more convenient for a corporation to implement a lean approach if it is essential to have a flexible production process.

The disadvantages of lean production are the implementation obstacles. Implementing a lean manufacturing system necessitates significant organizational, operational, and personnel modifications. Implementing these adjustments is difficult due to the obstacles inherent to them. These obstacles will be explored in the following section.

Obstacles to lean application

Organizational

It is difficult to establish an organization where learning and continual improvement are the norm. To establish a successful lean process, the firm must prioritize quality, just-in-time delivery, and employee engagement. In order to accomplish this, the organization must undergo a culture shift. A cultural shift necessitates a change in the organization's members' knowledge, beliefs, morality, practices, and other skills and behaviors (Bertrand, 1973)

Lean implementation is not expensive in terms of cost. Lean does not necessitate a drastic change in the company's production and structure. It can be achieved by a progressive adjustment in the company's business processes and the adoption of realistic methods that can be applied as quickly as possible (Womack et al, 1991).

Operational

It is not necessary to adopt all of the tools such as kaizen, kanban, and cell manufacturing when implementing lean concepts. Not all organization's operations are fit for these procedures (Womack et al, 1991).

Regarding market demand, lean principles can be applied to all market demand types. Lean is designed in a highly adaptable manner that enables businesses to quickly respond to fluctuations in product demand (Womack et al, 1991).

During the earliest stages of lean deployment, normal production can be disrupted. This is the most significant operational hurdle for lean (Womack et al, 1991).

Human

Communication, problem-solving, and collaborative abilities are required for Lean adoption. Communication skills are required for telling others of what to do and for reporting concerns to the proper authority. After difficulties have been discovered, problem-solving abilities are required. People should be analytical in their approach to tackling organizational issues. In a lean environment, everyone participates. A deficiency in one aspect is evident in the final product. Therefore, coordination among the members of the organization is necessary. The absence of these abilities can hinder the successful implementation of lean. Leadership abilities are also crucial to the successful adoption of lean. To steer the business in the right direction, one must possess leadership abilities. Lack of this ability can also be a hindrance in a lean setting (Bertrand, 1973).

Another obstacle to the successful deployment of lean is the potential resistance of shop-floor employees. People in this field are typically accustomed to their repetitious duties. Once individuals are compelled to study and perform jobs other than their previous ones, inefficiency may ensue.

Analysis of lean manufacturing at a selected organization

In view of the information supplied, lean is an excellent technique for enhancing the operations management of a firm. In contrast, the deployment of a lean environment is not a simple undertaking. It involves several organizational, operational, and personnel adjustments. In addition, the implementation of lean in other industries, such as the service industry and the public sector, has not been thoroughly investigated. Further research and analysis should be conducted to evaluate whether the lean concepts also apply to these types of enterprises.

Green Gear Cycling Inc. is capable of implementing lean production. The company makes "Bike Friday," which are customized, high-performance bicycles of superior quality. Adopting lean will result in numerous benefits for the corporation. Fast throughput, low inventory, work cells, and the removal of machine settings are characteristics of lean production. Since the company's founding, it has believed in its ability to produce high-quality bicycles in the shortest possible time and at the lowest possible cost, it can easily overcome the obstacles described in the previous section (Green Gear Cycling, Inc, 2009).

Conclusions

Lean manufacturing is a theory that has evolved over time by merging Toyota's business philosophy with others. It is a highly successful instrument for the continual improvement of a product or service, as well as the identification and elimination of wastes and activities that do not add value to the end result. Thus, the corporation may provide the customer with what they desire. Similar to mass production, lean production can dramatically cut production costs. Even if mass production decreases costs, numerous assumptions must be made before it can be applied. Lean implementation is not a simple task. Before implementing lean in an organization, numerous obstacles must be evaluated. The required cultural shift, disruption of normal production, and lack of human skills are a few of the obstacles that a business may encounter when implementing lean. A business that effectively implements lean operations can gain a significant competitive advantage in the marketplace.

References

"Cutting-Edge Methods Target Actual Call Center Waste," by Dennis Adsit. Profit-Mobilizing Agilian Catalysts. "The Lean Movement". Mr. David Bailey (2008). Automotive News ranks Toyota as the top automaker in the world. Reuters Online. Web. Bertrand, Alvin L. (1973). New York: Appleton-Century-Crofts, 2nd ed., Basic Sociology. George, Michael L. (2003). Lean Six Sigma Service, McGraw-Hill. Global Six Sigma USA (2005). "What is required for success in your Lean journey?" Official website for Green Gear Cycling Inc. Heizer, Jay & Render, Barry. (2006). The eighth edition of Operations Management Prentice Hall, Pearson Education Inc. Heragu, Surenderesh. (1997). Facility Planning. Boston, Massachusetts: PWS Publishing. William A. Levinson and Raymond E. Rerick. (2002). A Synergistic Approach to Minimizing Waste, Lean Enterprise Quality ASQ Press. Dr. Zoe Radnor, Paul Walley, Andrew Stephens, and Giovanni Bucci. "Evaluation Of The Lean Approach To Business Management And Its Application In The Public Sector." Ruffa, Stephen A. (2008), Going Lean: How the Best Companies Apply Lean Manufacturing Principles to Eliminate Uncertainty, Drive Innovation, and Maximize Profits is a book that explains how the most successful businesses apply lean manufacturing principles to eliminate uncertainty, drive innovation, and maximize AMACOM. Six Sigma Institute. "Overview of Six Sigma Lean" Web. Strategos, Inc. Website. Just in time, Toyota Production System & lean manufacturing: Origins & history lean manufacturing. Web. Womack, James P., Jones, Daniel T., and Roos, Daniel (1991), The Machine That Changed the World

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Improvements In Automobile Industry Summary And Response Essay Help

How the most recent advancements in the vehicle sector safeguard the environment is the proposed topic. Provisional Thesis Statement: The vehicle sector is adequately controlled in terms of sustainability and the innovation process. Regarding the framework for sustainability, vehicle manufacturers play a significant role in the environmental and social growth of the global economy. However, advances in the sector must adhere to the prevalent ecological requirements. According to Vaz, Rauen, and Lezana (2017), the most prevalent environmental strategies in the automotive industry are "the minimization of greenhouse gas emissions, life-cycle assessment, cleaner production, reverse logistics, and eco-innovation" (p. 2). Therefore, it is essential to assess the most recent developments in the vehicle industry in terms of environmental practices, compliance with ecological regulations, and environmental protection measures. Audience: American automakers who intend to produce more eco-friendly vehicle technology and pursue environmental sustainability in order to compete with foreign auto markets; individuals who are inadequately informed about the relevance of the automotive industry in terms of environmental legislation.
The Most Recent Research on a Subject and Possible Solutions

Gas emissions, toxic pollutions, global warming, and public health are only a few of the serious environmental issues facing modern society, so the auto industry should prioritize environmental business methods. According to Johnson (2016), severe emissions rules in the United States led to the development of new automobile technology that are "less environmentally taxing and harmful to human health" (p. 23).

Consequently, it is crucial for car makers to remain future-focused by producing goods with environmental considerations in mind. The green marketing strategy, also known as "ecological marketing" or "sustainable marketing," which originated in the developed nations of Europe and North America, is one of the most recent advancements in the automobile business (Kushwaha & Sharma, 2016, p. 117). It is based on various stringent environmental regulations and standards for industries. Green marketing and sustainable development are intimately interwoven, which means that industries demand such a strategy since it aims to satisfy the present and future demands of individuals and society.

Automobile firms are adopting green initiatives to alleviate constraints and boost their image through sustainable business practices. This consists of "green supply chain management, reverse logistics, green marketing, green advertising, and the use of eco-labeling" (Kushwaha & Sharma, 2016, p. 119). China adopts green technology innovation in the automotive industry, for instance, to minimize carbon emissions and enhance the sector's performance in the ecological market.

In addition, as a leader in sustainable innovation, Toyota produces a significant green image by switching to hybrid combustion electric and eco-division engines. Other automakers, such as Ford, Honda, Nissan, and Volkswagen, also produce environmentally friendly vehicles. The green approach is also dependent on the rising customer demand for environmentally friendly vehicles. This allows sustainable performance among automotive manufacturers. Major automobile manufacturers contribute to environmental conservation by adhering to rules.

The automobile sector is a major contributor to the nation's economy and trade. The influence of automobile manufacturing extends to other sectors of the economy and to technology. Recent study has concentrated mostly on environmental practices. This pertains to the issues of "gas emissions in 37% of the cases, eco-innovation in 27% of the cases, life-cycle assessment in 18% of the cases, cleaner production in 9% of the cases, and reverse logistics in 9% of the cases" (Vaz et al., 2017, p. 11).

The research on gas emissions focuses on the reduction of carbon dioxide and hydrocarbon gases. Exhaust gases emitted by automobiles are a major concern since they contribute to climate change and cause adverse health outcomes, including mortality, non-allergic respiratory disorders, allergic diseases, and many forms of cancer. Consequently, the automobile industry is focused on removing environmental impacts by exploring input use and renewable energy sources, enhancing energy conservation, appropriate use of water, waste management, and lowering the use of harmful compounds.

In addition to the emergence of hybrid petrol-electric power vehicles and the implementation of a car-sharing service, other measures to improve vehicle fuel efficiency and reduce emissions include the development of hybrid petrol-electric power vehicles and the implementation of a car-sharing service. This strategy can reduce the number of automobiles by roughly 40% and driving distances by up to 60%. (Vaz et al., 2017). Lee (2017) proposes three ways the automobile industry is addressing the environmental crisis: green production, reducing urban temperatures, and supporting GPR (ground penetrating radar) risk assessment programs.

The final improvement method enables the automobile industry to recycle outdated vehicles in a more efficient manner by transforming them into new aluminum-centric vehicles. Significant environmental uses of ground penetrating radar imply a future with significantly more recyclable automobiles than in the past.

Another innovation of the vehicle industry is the application of fuel cells based on the advantages of PEM-type fuel cell devices in terms of their high efficiency and low emissions. Wilberforce et al. (2017) analyzed the recent development of electric automobiles and fuel cell hydrogen electric cars, as well as the progress made by various automakers around the world. The researchers discovered significant obstacles to the development of fuel cell technology in the automobile industry.

They include "high cost, low durability, infrastructure for hydrogen refueling, and hydrogen storage on fuel cell vehicles" (Wilberforce et al., 2017, p. 25728). Recent studies have showed that electric vehicles can go 4e8 miles per kWh of electricity without emitting greenhouse pollutants (Wilberforce et al., 2017, p. 25696). According to a report by the U.S. Department of Energy, internal combustion engine vehicles use 15% of the total fuel energy to propel the vehicle, whereas electric vehicles use 75% of the energy.

The latest research on the contribution of the automobile industry to environmental protection has uncovered five environmental consequences associated with the production, use, and disposal of automobiles. The first impact stems from the fact that automotive manufacturing processes are associated with significant levels of nonrenewable resource consumption. The second impact refers to the use of water and energy during production, as well as the emissions created by energy generation.

The third effect is centered on automotive assembly and manufacturing components. This is also related to the painting and finishing of metals, which releases harmful compounds into the air, water, and soil. The fourth impact relates to the vast geographic reach of the automotive industry. This recommends that it should be backed by worldwide logistics and distribution networks, which will result in "increasing the fuel efficiency and emissions" (Vaz et al., 2017, p. 15). The ultimate impact is based on the final stage of a vehicle's life, when they also contribute significantly to waste flow.

Conclusion

The future of the vehicle industry is strongly reliant on a greater emphasis on the global environment and protection measures. The rising use of automobiles and diminishing reserves of traditional sources of vehicle fuels underline the necessity to alter course and enhance the sector. By assessing the present developments in car and fuel cell technologies, it is possible to infer that they offer a prospective solution to the problem. The goal of the automobile business is to outsource renewable and recycled resources, implement clean technology, and exercise environmental control. Consequently, addressing the environmental issues associated with car emissions is vital for the health of society and the global environment system.

Possible Sources

The name Johnson, A. (2016). Environmental legislation and technological innovation in the American automobile sector. Center for Equitable Growth in Washington.

Kushwaha, G., & Sharma, N. (2016). Green initiatives: a step toward sustainable growth and vehicle sector performance. 121:116-129 in Journal of Cleaner Production.

Lee, S. (2017). The auto industry is responding to the environmental crisis in three ways. Hackernoon. Web.

Vaz, C., Lezana, Á., & Rauen, T. (2017). A content analysis of sustainability and innovation in the automobile business. Journal of innovation and sustainability, 9(6), 880-1. Web.

Wilberforce, Z. El-Hassan, F. Khatib, A. Al Makky, A. Baroutaji, and A. Olabi (2017). The development of electric vehicles and hydrogen fuel cell electric vehicles. 42(40), pages 25695-25734 in the International Journal of Hydrogen Energy. Web.

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Work Ethics Application And Protection Summary And Response Essay Help

Introduction

The success of every corporation is contingent on the set of moral characteristics of governance and behavior that impact the firm's operations. In other words, corporate organizations should embrace the application of well-grounded concepts of right and wrong that specify the obligations and benefits of employees to the community in the performance of their duties and responsibilities. In addition, ethics serves as the basis from which organizational regulations and cultural standards originate (Niles, 2009). In light of this, corporations are responsible for regularly evaluating the moral attitudes and behaviors of their employees in order to design the firm's activities in accordance with reasonable, sound principles. Therefore, the variety of traits that corporations deem essential promotes continuing expansion.

For instance, staff absenteeism and tardiness in reporting to work expose the company to the risks of declining productivity levels and a decline in their ability to meet client expectations. As a result, businesses are obligated to ensure a work-ethic component that ensures the success of business operations, hence boosting the enterprises' chances of survival. Embracing a spirit of teamwork inside the organization is another essential work ethic (Cherrington, 2000). The organizations gain greater levels of cooperation and confidence between management tiers by combining their efforts. In addition, employees' optimistic attitudes encourage administrations to engage in their personal development.

As a result, the staff have the opportunity to advance their proficiency and expertise in the performance of their activities inside the organization. Additionally, work ethics are also represented by organizational skills (Connor, 2009). Essentially, structured businesses are able to prioritize their business obligations and manage their time effectively. Thus, the company is able to determine the traits of its employees that are required for identifying potential managers.

Implementation of work morals

As noted, work ethics is essential to the achievement of organizational objectives. According to studies, firms that adhere to workplace ethics have a greater probability of boosting their productivity and achieving their objectives (Arrunada, 2010). Additionally, employees that adhere to work ethics have improved performance and output. Moreover, research reveal that the workforce's commitment to the organization's code of conduct varies. For instance, employees under unions do not possess ethical cultures. In other words, strong ethical cultures are comfortably implemented by non-unionized employees. The younger employees have similar characteristics. According to studies, strong work ethics can be inculcated easier among younger employees (Arrunada, 2010). In addition, employees in supervisory or managerial roles exhibit more ethical behavior than their subordinates. Consequently, the observance and application of work ethics vary across the workforce.

Nonetheless, workplace ethics are essential to the organization's success. The advantages of work ethics range from asset protection to the making of important decisions. In the middle of the scale are higher production, improved teamwork, and improved reputation or public image. The benefits are anticipated to enhance the firm's performance and productivity (Baehr & Nerad, 2003). In general, work ethics indirectly improves the firm's performance and output.

Asset security

Ethical cultures that promote the efficient use of resources foster proper asset management (Niles, 2009). Therefore, personnel who adhere to such ethical ideals are likely to manage and safeguard the company's assets. However, the company must enhance the work environment. The better workplace environment comprises the supply of appropriate compensation, the improvement of working conditions, and the promotion of workplace diversity. In other words, employees may only observe work ideals in a culture that promotes their application (Connor, 2009).

Enhanced performance and teamwork

Ethical standards within the workforce have the potential to unite employees, hence creating collaboration. Teamwork is directly related to higher worker productivity and performance. Consequently, work ethics boosts worker productivity by fostering teamwork (Cherrington, 2000). In addition, work ethics that take into account the values of the workforce assist firms in aligning their values with those of their employees. Aligning the organization's standards with the workforce's values enhances teamwork, integrity, and transparency among employees.

Public persona

The company's reputation is boosted through ethical actions and procedures. Ethical issues encompass the corporate social duties undertaken by the organization. Through such social duties, the company is deemed to value the growth and development of the community. The responsible activities also allow the public to regard the organization as ethical, operating with honesty and respecting community values. These perceptions enhance the company's reputation, which is vital to its growth and development (Hill & Petty, 2005).

Importance of work ethics for a business

Work ethics and strong corporate moral standards are crucial to the company's growth and development. Most commercial organizations concur that promoting high working and ethical standards is one of the most important factors in their success (Hill & Petty, 2005). Strong work ethics have a direct impact on the productivity, behavior, and relationships of employees. Including strong work ethics in the company's goal and vision statement is the first step in promoting these values in the company's general conduct and procedures (Connor, 2009). In addition, human resources must plan and implement programs in their hiring procedures and provide staff with training on the necessity of having a strong work ethic.

Several research findings demonstrate that having strong, applicable work ethics fosters trust among stakeholders and employees, which in turn promotes staff efficiency and production. Strong work ethics concerning the management of resources encourages the efficient and effective use of those resources (Niles, 2009). It has also been established that there is a direct link between employee work ethic and company procedures and corporate social responsibility. Companies that promote moral ideals among their employees and engage in social responsibility have a positive reputation. Good reputation results in increased profitability and long-term advantages for the business. In addition, a positive reputation enhances public confidence in the company's products and services, resulting in greater sales (Niles, 2009).

The link between corporate operations and work ethics

Currently, corporations are incorporating the requirements of all their stakeholders into their corporate plans. Incorporating the interests of employees, customers, and shareholders into business strategy is not only advantageous for the firm's overall growth and expansion, but also for the generating of profits (Geren, 2011). The responsibility of management is to strike a balance between the varying needs of employees and the numerous groups and constituencies affected by the decisions being made. In other words, corporations must address not only the interests of their employees, customers, and investors, but also those of their suppliers and the communities in which they operate (Gilman, 2005). The presumption is that the business has instilled ethical responsibility in its employees based on the behavior of its employees. The inculcation and maintenance of moral principles among employees are crucial aspects of corporate responsibility that managers must consider in order to maintain relevance in the contemporary marketplace.

Integrating the moral values of employees into all business operations is essential for the growth and development of the organization (Gilman, 2005). The workforce is responsible for all organization activities. Therefore, the firm's actions must be directly tied to the conduct of its employees. The actions of employees determine the effectiveness of business operations, which leads to the achievement of an organization's objectives. Ethical conduct by employees in accordance with the organization's objectives results in successful operations and improved benefits. There is a clear correlation between the moral character of employees and the success of company procedures.

The connection between work ethics and clients.

The most essential aspect is how the moral principles of the personnel impact the connection between the company and its clients. According to Baehr and Nerad (2003), the focus has shifted from the conduct of producers to the impact of their achievements on customers and the value generated from such conduct. In actuality, putting the client first is the standard in modern corporate procedures (Hill & Petty, 2005). Customers should therefore expect employees to exhibit ethical and socially responsible behavior. Research indicates that procedures and conducts that focus the addition of value to the demands of the client promote long-lasting relationships and improve the company's performance.

The company's success is distinguished by the moral values of its employees, which are aimed toward satisfying the demands of clients. Successful businesses consistently establish long-lasting relationships with clients by addressing their requirements and providing quality, dependable services. The firm should promote work principles that assure dependable and high-quality client service. Therefore, it is essential for the success of the firm to implement ethical and responsible practices that take into account the perspective of the client.

Work Ethic and Personnel

Companies that acknowledge the importance of work ethics go above and beyond to provide meaningful training to their employees and assist them in realizing their potential as a result of principled actions. Such businesses make every effort to compensate their employees fairly based on their conduct and to provide a work environment that promotes moral principles. In addition, great organizations foster a culture of respect and ethics in the workplace. In fact, responsible management and HR policies frequently include employee empowerment on work ethics, improved dissemination of information regarding the observance of work ethics throughout the organization, and a greater balance between organizational values and external environmental regulations on work ethics (Robbins, 2001). Moreover, responsible management and ethical human resource management policies should promote increased diversity in the workforce and continuous skill development and training. Additionally, ethical values should consider the employability and job security of all employees.

An ethical behavior that boosts profit sharing as well as share ownership increases the employee’s motivation and productivity and minimizes turnover (Geren, 2011). (Geren, 2011). In other words, the employees should view the company's rules promoting work ethics as advantageous. There is growing evidence that practices that provide a higher quality of life and more meaningful work have a direct influence on the firm's revenues through enhancing productivity. Work ethics should be defined as activities that boost productivity, improve the quality of life, and have direct effects on the efforts of workers. In addition, work ethics should promote better innovation among employees, greater dependability and quality, and greater expertise and dedication at all levels (Jones, 2009).

Integrity at work and investors and other stakeholders

Work ethics should give employees with attributes that facilitate the development of positive relationships with shareholders and increase the firm's value. Therefore, ethical behaviors that strengthen this relationship are essential for the firm's survival. Visionary businesses have incorporated work ethics as one of their basic business pillars. Additionally, prosperous businesses must demonstrate, beyond financial performance, that they are morally responsible and ethical in their business practices. Such companies demonstrate the need to invest for future growth and business sustainability by embracing a strong work ethic among their personnel (Baehr & Nerad, 2003).

Moreover, incorporating moral considerations into investment decisions increases the company's longevity. Companies that invest in work ethics, moral obligations, and employee conduct have the potential for a long lifespan. Such businesses also contribute to the development of more equitable communities without sacrificing investment rewards (Robbins, 2001). In addition, it is essential for the company's survival that crucial business decisions incorporate both work ethics and moral conduct.

Conclusion

In order to improve their performances and productivity, employees have no alternative but to act properly and ethically. In addition, firms must implement acceptable work ethics in order to improve their performance, achieve financial stability, and realize their goals. Moreover, enterprises must implement corporate standards and responsibilities that enhance the value of their products and services in order to satisfy client needs in order to remain competitive in the marketplace. Good work ethics are related with the values that seem to increase the proper management of resources and operational performance. In addition, organizations that promote such behaviors are defined as being morally responsible. Generally, investing in activities that are regarded as ethical and responsible behaviors among the workforce contributes to the development of just organizations that have more stakeholder and customer confidence. The company's reputation improves as a result of increasing trust and confidence, resulting in both direct and indirect benefits, such as increased investment returns.

Therefore, businesses should embrace work practices that boost ethical behavior and responsible performance in order to maximize their resource utilization efficiency. Adopting notions of work ethics that promote the appropriate use of resources improves both financial and operational success. Moreover, ethical behaviors and responsible procedures within the workforce enhance the organization's reputation and consumers' trust in its products, so allowing it to generate greater sales. In addition, the moral qualities of the workforce allow businesses to incur lower downstream and upstream costs. Other advantages of proper work ethics and ethical procedures include a reduction in the cost of debt and equity capital, as well as a reduction in the firm's exposure to risk.

References

Similar labor ethic, distinct social ethic. The Economic Journal, volume 120, number 547, pages 890-897, B. Arrunada, 2010.

Baehr, M., and A. Nerad. "Psychological correlates of business ethics orientation in executives." Journal of Business and Psychology, vol. 3, no. 1, 2003, pp. 291–308.

New York: Amacon, 2000. Cherrington, D. The work ethic: working values and values that work.

It's not about work ethic, Connor, A. (2009), Stanford Social Innovation Review, vol. 7, no. 4, pp. 1–23.

Geren, B. (2011). Is the work ethic universal? Journal of International Business and Cultural Studies, volume 3, number 1, pages 1 through 7.

New York: The Free Press, 2005, S. Gilman, Ethics codes and codes of conduct as tools for developing an ethical and professional public service: comparative achievements and lessons.

A new look at employability skills: a factor analysis of the occupational work ethic. Hill, R., and G. Petty. 2005. Journal of Educational Research, vol.19, no.1, pp.71-89.

Jones, J. (2009). Organizational ethics and counterproductivity risk during an economic downturn: causes and mitigation.

"Toward a cross-cultural understanding of work-related beliefs," Human Relations, vol. 52, no. 7, pp. 7-18, F. Niles, 2009.

Organizational behavior. Prentice-Hall, Upper Saddle River, New Jersey, 2001.

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Labor Inequalities In Australia’s Market Summary And Response Essay Help

Table of Contents
Introduction Introduction Body Conclusion Bibliography

Introduction

Long ago, it was recognized that inequalities in the global labor market overlap with gender, race, and social class, where financial processes represent a major force in terms of social and monetary inequities. It should be highlighted that inequality is the process by which the market lacks an equal distribution of economic and social effort. According to the arguments of numerous economists, human resources and the forces of supply and demand explain the inequalities in job compensation between groups of individuals and countries. On this basis, adequate data indicates that career chances are also influenced by the relative strength of the dominant gender, race, and social class. Multiracial feminist sociologists conclude that gender, social class, and race play a significant role in the production of inequality. According to them, gender, race, and social class interact to generate distinct groupings of disadvantaged and wealthy individuals within a society (Ackers & Wilkinson, 2003).

Main body

It should be highlighted that rising labor market inequality has been a significant trend in the global labor market, resulting in flexible wage levels. In this instance, technological progress has led to the elimination of occupational boundaries, which has resulted in a need for combined experiences and, thus, wage disparities. This study examines the disparity in the Australian labor market via the lens of gender, social class, and race (Alexander et al, 2008).

During the past several decades, industrialized nations, including Australia, have experienced numerous social, physical, and economic changes, particularly in regards to labor. In this regard, Australia has witnessed a rise in wage discrepancy and the proliferation of alternative types of employment. On the other side, there have been differences in the labor market as a result of abilities and experiences, with less-experienced workers competing with skilled workers. This has resulted in low wages for the least skilled workers and high wages for talented workers. It should be mentioned that technological progress has generated employment shortages because most work in industries and businesses is performed by machines (Arup et al, 2006).

In Australia, wage disparity is pervasive, since individuals working as casual workers are paid less despite performing the most difficult and time-consuming tasks. In the majority of Australian businesses, women are overlooked and their work is considered of low quality, resulting in low compensation. Despite disparity measures implemented between the years 1989-1995 and 1997-2002, the wage gap between men and women continued to widen between the years 1989-1995 and 1997-2002, according to the available evidence (Arup et al, 2006).

In addition, men were found to have worked more overtime than women and were therefore compensated more than women in the long run. Due to the decentralization of pay arrangements, gender equality on the Australian labor market has been achieved, and women now compete with males on the job market. Even though women have faced disadvantages in the labor market, Australia's industrial relations policy has improved, and they now have the same rights as men to hold any job (Argy, 2003).

It should be highlighted that due to their domestic job, women have faced salary and labor market disparity. In Australia, women are expected to perform non-economic home tasks, while men are expected to perform economic tasks outside of domestic labour. On the other side, maternity leave has also been a contentious issue in which women are expected to care for and nurture a child rather than work in professional professions. A critical examination of this statement reveals that women in Australia, like men, are educated and so advocate for equality by stating that men should also take maternity leave (Alexander et al, 2008).

In addition, women have traditionally viewed men as being responsible for child care and upbringing; therefore, this should not be a barrier to female labor market equality. In addition, the Sex Discrimination Act of 1984 has improved the position of women in the labor market, notwithstanding the obstacles they have faced. Importantly, historic attitudes regarding the division of work have resulted in fierce competition between men and women in the Australian job market. In this instance, these labor divisions have prevented women from achieving job success, and as a result, they confront salary and labor disparities (Callus & Lansbury, 2002)

People from affluent households typically pursue employment prospects in white-collar jobs, whilst individuals from lower socioeconomic strata work in low-paying positions. As societies have evolved, it has become necessary to recombine all notions of socioeconomic class, gender, and race and implant them into a single body. Social statuses in Australia have resulted to discrepancies in the labor market, as seen by the fact that casual laborers are typically paid less than those in managerial positions. In contrast, casual laborers work harder than their seniors and, therefore, deserve a higher wage. On the other hand, inexperienced people who perform manual labor are paid less than those who operate machines (Bray et al, 2005).

It is important to note that social statuses in Australia have resulted in disparities in job and compensation, with high-status individuals occupying senior positions while qualified low-status individuals are left unemployed. In addition, women have been victimized by pay disparities because they rarely receive overtime work. In this context, it is assumed that women are responsible for home tasks, such as child rearing and care, and hence do not have sufficient time to work overtime. On the other hand, it might be claimed that women in Australia are currently educated and, as a result, professionally qualified in the same way as males, and hence should have equal access to employment prospects. In this instance, women have banded together and begun pushing for their rights in the workplace, including equal pay and other advantages accorded to males (Bray et al, 2009).

In addition, variations in the allocation of household and labor market time have contributed to wage and employment inequities in Australia. In this instance, women are allowed less time on the labor market than men, resulting in lower pay. On the other hand, Australia's labor market inequality can be explained in terms of education and experience brought about by technological progress (Balnave et al, 2007).

2005 marks the introduction and passage of work options legislation in Australia, which is a noteworthy fact. In this instance, this was done in accordance with the amendments made to the constitution by the Workplace Relations Amendments Act of 2005. On this premise, this procedure has launched the most inclusive reorganization of business groups in this country since federation. Australia's industrial and employment conditions have evolved as a result of the introduction and adoption of these options (Callus & Lansbury, 2002).

There has been a shift in emphasis from wages to the country's financial system, the number of awards has decreased from four thousand to twelve, and the Australian fair wage commission was founded to assess minimum wages and job conditions. In addition, the “Australian industrial relations commission” has seen a diminution in its authority. It should be highlighted that these work-choice laws have individualized employment connections in the sense that state industrial relations have become obsolete, allowing any enterprise to recruit its own staff. In addition, the diminution of the Australian industrial relation commission's powers and authority has permitted enterprises and private sectors to handle recruitment and hiring independently (Arup et al, 2006).

It is important to highlight that the replacement of the federal system with an unified system of industrial organizations has aided in the recruitment and employment procedures of enterprises and private firms. Work choices legislation in Australia can be viewed as an attempt to create a balance in the workplace, including all aspects of employees' and employers' rights. Significantly, job options have increased negotiation among businesses, employees, and recruiters. This is a result of the deterioration of trade unions, whose role was to represent members during contract collaboration times. In addition, trade union involvement in collective bargaining was curtailed, and the promotion of individual agreements including one-on-one conversations and agreements was increased. Employers and employees might now negotiate compensation based on qualification and professionalism in this instance (Argy, 2003).

As a result of these decisions, there was a substantial change in the character of bargaining in the country, where employees felt free to negotiate for their wage and pay raise. In this relationship, negotiation would be collaboratively based at the enterprise level as opposed to the emphasis placed on individual agreements. Additionally, individual bargaining in industries and enterprises permitted low-paid workers to advocate in good faith for a salary raise (Callus & Lansbury, 2002).

In contrast, enterprise and individual bargaining supplanted the award system in industrial relations. Notably, the low bargaining system in Australia developed a worldwide unique framework that permitted award-dependent employees to negotiate with many employers. On the other side, equality in negotiating was implemented so that every employer and employee has the right to negotiate compensation. In this relationship, women had an edge when bargaining for pay equity and increases, as well as for overtime work. As a result of these employment options, there were fewer strikes among workers due to low pay, pay inequity, and poor working conditions. In addition, labor law enhanced anti-strike provisions and prohibited all industrial operations, including partial stoppages, work bans, and overtime bans (Alexander et al, 2008).

Work choice legislation in Australia customized employment relationships by providing both employers and employees with favorable salary and overtime arrangements, resulting in pay parity. In this situation, these characteristics would be the result of men and women having equal bargaining power in salary negotiations. On the other side, this would minimize labor market inequality throughout the class because every employee and recruit would be in a position to advocate for employment (Alexander et al, 2008).

Employers in Australia have been allowed increased flexibility in terms and circumstances under which they can recruit employees, as a result of legislation governing work options. In this scenario, employment agreements are strengthened primarily by constitutional minimum criteria as opposed to awards. In addition, the traditional role of the "Australian Industrial Relations Commission" in determining employment conditions and resolving industrial disputes has been diminished. In addition, trade unions lost their significance for organizing industrial activities and infiltrating workplaces. In fact, these options lowered the revelation of unfair termination claims by employers (Ackers & Wilkinson, 2003).

Conclusion

As has been demonstrated, labor market inequality in Australia is pervasive and should be eliminated. This predicament is the result of gender, social status, and professional standing. It is important to highlight that the growth of technology in Australia has caused many individuals to lose their jobs and others to be paid poorly due to their lack of technological competence. On the other hand, Australia's work choice legislation has granted companies and employees autonomy in conducting employment operations. In this scenario, trade unions no longer have jurisdiction over employment in Australia.

Bibliography

Understanding work and employment: Industrial relations in transition, Oxford University Press, Oxford, 2003. Ackers, P., and Wilkinson, A.

Understanding Australian industrial relations, 7th edition, Thomson Publishers, Melbourne, 2008. Alexander, R., et al.

Where do we go from here? Australian egalitarianism under threat, Sydney, Allen and Unwin Publishers, 2003.

Labor law and labor market regulation, Federation Press, Sydney, Australia, 2006.

Employment relations in Australia, Wiley Publisher, Brisbane, 2007. Balnave, N., et al.

Employment Relations: Theory and Practice, McGraw Hill, Sydney, 2009. Bray, M., et al.

Industrial relations: A modern perspective, 3rd edition, McGraw Hill, Sydney, 2005. Bray, M., et al.

Working futures: The changing nature of work and employment relations in Australia was published by Federation Press in Sydney in 2002.

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An Empirical Study Of Underpricing Of Initial Public Offerings In Bombay Stock Exchange In Different Industries Summary And Response Essay Help

CHAPTER 1

INTRODUCTION

1.1 BACKGROUND OF THE STUDY

One important step in the life of a company is going public. It gives access to large amount of equity for an indefinite time. It helps company to raise finance for its organic growth or acquire other companies. At the same time, it increases the reputation of the company and put it into spotlight by giving statue to the firm and its employees. However, this will entail increased regulation and higher transparency. Moreover, IPOs experience on average high initial returns.

The initial excess return or underpricing has received a lot of attention in the past, Underpricing is pricing of the issue at a price less than the true value of the share. It has been observed that IPOs are underpriced in most of the countries (Loughran, Ritter and Rydqvist 1994). The degree of underpricing varies from country to country and issue to issue in the same country. The underpriced IPO leaves money on the table that is cost to the company (loss of capital) and this left money converts itself into gain by providing high returns to the investors due to underpricing of issue. So, even though underpricing is cost for the company, it retorts to it.

Determining the value of company by determining the price of IPO is a key aspect while going public. Internationally it is seen that valuation done by company and by market differs. The valuation differs because participants have different interest. The issuing company wants the price to be more because it wants to raise maximum funds whereas investor wants to buy to buy at least price. Moreover the pricing of issue is not limited to these two parties, it impacts economy too. So if the firm prices too high, investors would not buy it and if firm price low then it leaves the money on the table and this would be loss of capital for company. The high and the low price is deviation from true value of issue, which is determined by market factors on the listing day.

High underpricing of IPO is undesirable for: capital market, issuing firm and economy. For capital market it leads to arbitrage condition. For issuing firm, it leads to loss of fund which it could have raised if issue had not been underpriced. For an economy it reduces the resource mobilisation because those companies which do not want or cannot afford leaving money on the table would not raise funds by initial public offerings.

There are various theories which try to explain underpricing but no theory explain it to full extent. It appears that the prime factor causing IPO underpricing is asymmetric information (Rock (1986)) between the issuers and the investors about the future growth potential of the newly listed company. Rock argues that there are two type of investor in the market. Informed investor subscribe to underpriced issue and uninformed investor will invest in those issues in which informed will not invest i.e. overpriced issues. So, underpricing is done to attract uninformed investor. In India, Book building process is introduced so that information is easily available and thus reduces information asymmetry. This research also includes a dummy variable for allocation mechanism i.e. fixed price issue or book building.

Although various studies have been carried out and theoretical literature written to enhance people’s knowledge towards these issues; yet it is arduous for people to clearly understand the various issues related to IPOs especially with different types of equities in different industries and in different markets.

1.2 NEED AND RATIONALE OF THE STUDY

Underpricing of IPO is a serious problem for an economy. It discourages IPOs issues of those companies which cannot afford to underprice or those which doesn’t want to thus leaving the money on the table. At the same time, it creates arbitrage opportunities in the secondary market. Thus hampering growth opportunities and creates instability in secondary market.

Various researches have been done in both developed and developing markets regarding underpricing of IPOs. The determinants or variables had impacted differently the initial returns of IPO. Though few researches have been conducted in Indian IPO market but in this research the objective is to see if there is a significant impact of industry type on underpricing of IPO. Also this paper includes different factors taken from various researches inside India and cross border.

1.3 PURPOSE OF THE STUDY

This study investigates the determinants of underpricing of IPO. Secondary data will be collected from websites and research papers. At the end this research paper will try to determine factors that have impact on the underpricing of IPOs in different industries.

1.4 RESUME OF THE SUCCEEDING CHAPTER

Review of literature: It covers the aspects that have been already covered by other authors. It helps us to analyse the gap in published research and thus form the basis for current research.

Research design and methodology: It covers the aspects related to how data has been collected and what method and procedures will be used to solve the problem. This study is based on secondary data.

Industry analysis: It consists of overview of capital market and growth of IPOs in India, the need and significance of the study.

Data analysis and interpretation: In this chapter statistical tools are used to analyse the secondary data. It also consists of interpretation of data to find the results.

Findings, Conclusion and Suggestions: In this chapter, based on interpretation findings are listed. It also includes suggestion based present study and what other research can be conducted in this area of study.

CHAPTER II

REVIEW OF LITERATURE

2.1 INTRODUCTION

A literature review is work done by someone to analyse the critical points of present knowledge including substantiate finding. The purpose of reviewing the literature is to gain knowledge about what has been done in related field and their strength and weakness.

The literature review:

1. Elaborate how the present study is previous researches done.

2. Shows the relevance and originality of research problem i.e. hoe it is different from other researchers.

3. Helps in generating new ideas.

4. Find gaps in published research

2.2 STUDIES CONDUCTED

Islam and Ali (2010) in the paper titled ‘An Empirical Investigation of the Underpricing of Initial Public Offerings in the Chittagong Stock Exchange’ analysed the level of underpricing in IPOs and its determinants of Chittagong Stock Exchange. It was found that the degree of underpricing in Bangladesh Capital market is higher than other Asian capital market. It was also found that size of the company and age of the firm is positively related to the degree of underpricing. The offer size and industry type are found to be negatively related to the degree of underpricing. However the timing of offer had no significant influence on the degree of underpricing of IPOs in the Chittagong Stock Exchange. The authors suggested that Book building pricing be used to reduce the higher degree of underpricing.

Khurshed, Mudambi and Goergen (1999) in the paper titled ‘On the Long-Run Performance of IPOs’ analysed the impact of pre-IPO factors such as the firm’s performance prior to going public and managerial decisions. They found relation between pre-IPO management performance and long term performance. They suggested that while long run performance cannot be predicted certainly by pre-IPO performance but investor should be cautious while analysing IPO firms. Firms with high profits before listing, high costs of flotation, high equity offers and high initial returns, should be viewed with suspicion. Large multinational firms hiring high reputation underwriters are a good long-term investment.

Wouter Demenint (2010) in the paper ‘IPO Underpricing in Europe: The effects of Pricing Mechanisms’ investigated if there is significant difference in degree of underpricing caused by pricing mechanism used in IPO. The author finds that book building reduces underpricing and is used 80% of the time. The findings of this thesis suggest the book building mechanism provides an issuer with the lowest initial returns, the highest proceeds and the discretion of allocating shares to investors.

Sehgal and Singh(2008) in the paper ‘Determinants of IPOs Initial and Long-Run Performance in Indian Stock Market’ study 438 IPOs listed on BSE during 1992-2001 and find the underpricing is 99.2% which is relatively high than international standards. Listing delay, age of the firm and number of times the issue is subscribed has been found to be the important determinants of underpricing. Coming to the determinants of long-run performance of IPOs, the initial return has significant and negative effect on the aftermarket returns. Listing delay affects the long-run performance over two years; however subscription variable and issue size only explain the variations in the first year subsequent to offering. This overall regression analysis is consistence with overreaction hypothesis. In line with the study, authors suggested that investors should be cautious while holding highly underpriced stock for more than one year because it not deliver same return for a longer period of time.

Fernandez, Abascal and Rahnema (1993) in the paper titled ‘Initial Public Offer: the Spanish Experience’ examines Spanish IPOs and links between company characteristics and initial returns. It finds that over the period of 1986-90, small firms gave higher returns than large firms. It also finds that number of issues, industry effects and underwriters prestige have an impact on underpricing. Firm’s age have no impact on underpricing in case of Spanish firms. This study provides empirical evidences in support of many theories. In line with the finding of this study authors suggested that investors can earn high returns by liquidating shares in first 90 days of listing.

Govindasamy (2010) in the paper ‘The long run performance of initial public offerings in South Africa’ analyses the return that can be gained from investing in IPOs over a three year period. The author finds that IPOs in South Africa market had underperformed the market and he used BHAR and CAR for calculating returns and also he finds that there is significant difference in long run performance of different industries.

Qiao (2006) in the paper titled ‘Analysis into IPO Underpricing and Clustering in Hong Kong Equity Market’ focuses on the time series properties of the level of underpricing of IPO shares and volume of initial selling in Hong Kong equity market. For the first time it is documented that IPO underpricing is determined by the previous IPOs’ underpricing level. The study also reveals that the initial selling volume of the IPOs is strongly correlated. It also documents underpricing and IPO clustering. The investigation among industries reveals that at industry level IPO underpricing auto-correlation is not statically significant so therefore despite the industry cycle, the firms will go for IPO. This paper concludes that the reasons for underpricing are related to market liquidity rather that industry specific risk characteristics.

Das, Das and Upadhyaya (2013) in the paper ‘A Probability Approach to Modelling Long run Underperformance of Indian IPOs: A Mispricing Lesson for Investors’ try to model long run performance of Indian capital market based on certain factors. They find that at the time of listing and issuing of IPOs, investors invest in those shocks which are fairly highly levered, preferably not issued by high group affiliated units, belong to established age-old industry having the potential of strong fundamentals and highly rated by credit rating agencies. So from the probability estimates, investor while investing in an IPO, should give more focus on, followed by group affiliation, nature of industry and capital structure, whereas an investor after holding an IPO for a year, should give more focus on growth rate of earnings, followed by price earnings ratio, dividend paid, market capitalisation and volume of trade in order to save from long-run underperformance and unproductive lock-in.

Ghosh (2005) finds underpricing in India for over a decade (1991-2001), uncertainty playing a significant role in the underpricing. He finds time lag as a significant determinant of underpricing, since the information about the issue which is disseminated during time lag is not available at the time of offering of the issue. The larger the listing delays, the higher the underpricing. The study suggests reducing information asymmetry by improving offer document contents and reducing the delay between the offer closing day and the listing day. The author has also found that age of the firm is not a significant variable of underpricing while size is a significant variable of underpricing; the larger issues were less underpriced. It is assumed that larger issues go with more regulatory compliance and attention in comparison to the smaller issues and therefore risk for larger issues is less, resulting in lower underpricing for larger issues. The study also finds that in hot market (high market return period), underpricing is less because investors are optimistic and hence the firms do not need to underprice for attracting the investors. The study is based on fixed price and book-built IPOs; it has not taken a separate analysis of book-built and fixed-price IPOs. The present study therefore examines the listing delay only in book built issues.

Pande and Vaidyanathan (2007) in the paper ‘Determinants of IPO underpricing in the National Stock Exchange of India’ demonstrated that the level of underpricing has reduced over the years. Listing delay has appositive impact on underpricing whereas spent on market issue is not reducing level of underpricing significantly. This study also finds that the gains from IPOs get diffused within one month of the listing of the firms and on an average the gains in one month after listing are lesser than those of the market.

Sahoo and Rajib (2010) in the paper titled ‘After Market Pricing Performance of Initial Public Offerings (IPOs): Indian IPO Market 2002-2006’ examines the after-market performance of IPOs. The author has used both BHAR and WR as price performance measure. They found that underpricing continues till year of listing as opposed to four-five years as in case id International market. IPO activity period, leverage, initial day return, offer size, and ex-ante uncertainty have positive relationship with underpricing whereas there is no favourable evidence for age of the IPO firm, rate of subscription, promoter group’s retention, and price-to-book value in predicting the long run underperformance. The results obtained from the study provide important information to investors intending to invest in IPOs. We find that IPOs are underpriced on the listing day. Investors investing in IPOs at the offer price and holding these shares over a longer period are better-off compared to investors investing in shares on the listing day. Investors investing at the list price would not get excess returns at least up to two years from listing.

Jain and Padmavathi (2012) in the paper ‘Underpricing of Initial Public Offerings in Indian Capital Market’ analysed the factors affecting underpricing of IPOs in Indian capital market. The results of the empirical study indicate that underpricing is the result of investors’ high willingness to pay (high return on opening), high demand of the issue (high subscription), high firm value (low pre-IPO leverage), and high fluctuations in the market returns (high index volatility). Results show that IPOs of high value firms (with lower Pre-IPO leverage) are more underpriced in India. Thus pre-IPO leverage gives a signal to the market. At the time of high-index volatility, underpricing is high; therefore during low index volatility, IPOs should be encouraged to reduce underpricing.

2.3 CONCLUSION

There are many secondary researches done on Underpricing of IPO in India and abroad. But after going through various it is found no research has been done in which identified various factors affecting different industries. This research will be done to study factors impacting Underpricing of IPOs listed in BSE in different industries.

CHAPTER Iii

OBJECTIVES OF THE STUDY AND

PROJECT DESIGN AND METHODOLOGY

3.1 INTRODUCTION

A proper research design depends upon a proper implementation of research questionnaire. This chapter encompasses outlining the objectives of the research, the method adopted in terms of data collection. It also mentions the theoretical frame for conducting this research.

3.2 VARIABLES FOR STUDY

Dependent variable

3.2.1 Under-pricing:

It is defined as the difference between the issue price and the first trading price (here, taken as the closing price of share) on the secondary market. Underpricing is the initial return for the investors. These returns after adjusted for market return are taken as market adjusted initial return as a measure of underpricing.

Independent variables

3.2.2 Age of the firm:

It is defined as the period from date of incorporation of the firm and listing date of the firm.

3.2.3 Pre-IPO leverage:

It is defined as the ratio of total debt to total assets of the firm.

3.2.4 Promoters’ holding in post issue equity:

Promoters’ holding is taken as a fraction of post-issue equity held by the promoter.

3.2. 5 Issue size:

It is determined by the total number of shares issued by the firm.

3.2.6 Market condition:

Determined by both index return and index volatility. If the market return is high, then it shows good market condition and if the index volatility is high, then it shows high uncertainty in the market and vice versa. Depending upon past return of BSE Sensex, market condition is classified into hot and cold period, where a dummy variable is used to identify hot period.

3.2.7 Listing delay:

It is difference between number of days between offer closing day and listing day.

3.2.8 Return on opening:

It is the return on opening price over the offer price after adjusting for the market return.

3.2.9 Allocation mechanism:

Allocation mechanism used can be either fixed price issue or book building.

3.2.10 Industry_type:

A dummy variable would be created for type of industry to which company belongs.

3.3 OBJECTIVES OF THE STUDY

3.3.1 PRIMARY OBJECTIVE

1. To explore the determinants of underpricing of IPO in India.

2. To investigate if there is a difference in initial returns i.e. underpricing due to different industry types.

3.3.2 SECONDARY OBJECTIVE

1. To investigate if there is a difference in initial returns i.e. underpricing due to different industry types.

3.4 HYPOTHESIS

A statistical hypothesis is an assumption about a population parameter. This assumption may or may not be true. Hypothesis testing refers to the formal procedures used by statisticians to accept or reject statistical hypotheses.

There are two types of statistical hypotheses.

‘ Null hypothesis: The null hypothesis, denoted by H0, is usually the hypothesis that sample observations result purely from chance.

‘ Alternative hypothesis: The alternative hypothesis, denoted by H1 or Ha, is the hypothesis that sample observations are influenced by some non-random cause.

Hypothesis 1:

H0: Age of the firm, Pre-IPO leverage, Promoters’ holding in post issue equity, Issue size, Market condition, Listing delay, Return on opening, Allocation mechanism have significant relationship with underpricing of IPOs in different industries.

H1: Age of the firm, Pre-IPO leverage, Promoters’ holding in post issue equity, Issue size, Market condition, Listing delay, Return on opening, Allocation mechanism does not have significant relationship with underpricing of IPOs in different industries.

Hypothesis 2:

H0: All means are same i.e. there is no difference in initial return due to various industry type

H1: At least one mean is different from the others

3.5 SAMPLING TECHNIQUES

3.5.1 Sampling Frame:

Sample of all the IPO expect which have debt as their instrument of issue and those whose information is not available issued between the period 2003-2013(till Dec.) will be taken for the purpose of this study.

The various industries are divided into 5 industry types i.e. Manufacturing, Financial and Insurance, Services, Construction and Others. The list classifying different industries into industry type is attached in the end.

3.5.2 Sampling Method:

Secondary data for variables like index return, index volatility, listing delay, Return on opening, Allocation mechanism will be collected from BSE website and Chittorgarh.com.

The data regarding the year of incorporation, the total assets and the total loan, the promoters’ holding, and the issue size will be obtained from the Prospectus.

3.5.3 Sample Size

The sample size is 291 IPOs listed during the period of March 2003 to Dec 2013. During this period total number of IPOs are 453, out of which 291 are selected for study. This is based on data availability. The IPOs listed on BSE are taken for study.

Table1: Details of sample study

Year Total IPOs IPOs in Sample % of Sample in total

2003 11 4 36%

2004 25 12 48%

2005 53 33 62%

2006 73 38 52%

2007 100 75 75%

2008 36 30 83%

2009 21 17 81%

2010 64 44 69%

2011 37 21 57%

2012 25 14 56%

2013(till dec.) 8 3 38%

Total 453 291 64%

3.6 STATISTICAL TECHNIQUES AND ANALYSIS

3.6.1 Regression Analysis:

To see if there is a significant impact of industry type on underpricing of IPO, an Ordinary Least Squares (OLS) regression analysis is performed on the observed initial returns against the explanatory variables stated. The general form of regression is:

Linear Regression:

Y = a + bX + u

Since the primary objective is to find out what impact do these variables have on the underpricing, the initial equation for the analysis looked like this:

Underpricing = C + (X1) Age of the firm, , and + (X2) Pre-IPO leverage + (X3) Promoters’ holding in post issue equity + (X4) Issue size +(X5) Market condition (dummy variable)+ (X6) Listing delay + (X7) Return on opening + (X8) Allocation mechanism (dummy variable) + (X10) Industry type (dummy variable)

3.6.2 ANOVA

A statistical analysis tool that separates the total variability found within a data set into two components: random and systematic factors. The random factors do not have any statistical influence on the given data set, while the systematic factors do. The ANOVA test is used to determine the impact independent variables have on the dependent variable in a regression analysis. ANOVA is also used to test if any of the several means are different from each other.

The assumptions of one-way ANOVA are:

1. The population from which sample are collected should normally distributed or approximately normally distributed (Test of normality)

To test the normality, Kolmogorov-Smirnov or Shapiro-Wilk test is used in this study.

H0: The population random variable is normally distributed

H1: The population random variable is not normally distributed

2. The variance of population must be equal (Test for Homogeneity of Variance)

To test the Homogeneity of Variance, Levene’s test is used in this study.

H0: The population variances are equal

H1: The population variances are not equal

Another test, Tukey’s Post-Hoc test is used for multiple comparisons i.e. it compares each independent variable with other independent variable to see if means are same within group.

H0: The two means are equal

H1: The two means are not equal

3.6.3 Variance Inflation Factor

This test quantifies the severity of multi-collinearity in regression analysis. The general rule of thumb says when VIF is greater than 10 than there is a multicollinearity problem. Some researchers advice using 5 to be conservative.

3.6.4 Breusch-Pagan / Cook-Weisberg Test

The possible existence of heteroscedasticity is a major concern in the application of regression analysis, including the analysis of variance, because the presence of heteroscedasticity can invalidate statistical tests of significance.

CHAPTER IV

Industry Overview

4.1 INTRODUCTION

Capital market acts as mainstay of country’s economy. It is an engine for economic growth, providing an effectual means of resource mobilization and allocation. Indian capital market has been receiving global attention, due to improving macroeconomic fundamentals. Capital market consists of both primary and secondary market. The primary market provides the way to raise fund through issuance of new securities. The secondary market provides a way for trading of previously issue securities and financial instrument.

Indian capital market can be divided into pre-1991 and post 1991 period. Post-liberalization period India has seen growth in primary market. Companies issue securities in primary market to raise funds directly through investors to meet financial requirements. The primary market plays a vital role by forming a link between saving and investment. Therefore, it gives a way to make new offerings either as IPO or right issue. All companies need to raise capital at one time of other to expand operations, finance new projects or in many cases to start a new business.

In an IPO, a private company becomes a public company by issue equity shares to outside investors for the very first time. IPO is defined as the process in which firm access the capital market by selling a variety of securities, such as bond, common stock and preferred stock to expand the business and finance their projects. Indubitably, companies have other firm of financing, such as bank loan, overdraft, retained earnings etc., but the equity shares are major source of financing. These issues are always quite risky.

The SEBI (Securities and Exchange Board of India) which was established with the objective of investor protection and regulation of capital markets has issued many guidelines and introduced structural reforms to bring efficiency in the market. SEBI is answerable to the needs of 3 groups: the investors, the issuers of security and the market intermediaries.

Thus, there are various factors contributing to the growth of capital market in India. These include growth of banks and financial institution, investor education, legislative measures, increasing awareness, growth of MNCs and entrepreneur to name a few. Going by the reforms made post liberalization and over years, capital markets in India provides attractive destination to investors.

4.1.1 BOMBAY STOCK EXCHANGE

BSE is the oldest stock exchange in Asia. The BSE became the first stock exchange to be recognized by the Indian Government under the Securities Contracts Regulation Act, on 31 August 1957. It has a countrywide reach with existence in more than 450 cities and towns of India. BSE has always been at par with the international standards. It is the first exchange in India and the second in the world to obtain an ISO 9001:2000 certification.

BSE also provides a cloud of other services to capital market participants including clearing, settlement, risk management, market data services and education. BSE provides a transparent and efficient market for trading in debt instruments, equity, mutual funds and derivatives. It also has a platform for trading in equities of small-and-medium enterprises. More than 5000 companies are listed on BSE making it world’s No. 1 exchange in terms of listed members. The companies listed on BSE authorize a total market capitalization of USD Trillion 1.32 as of January 2013. BSE Ltd is world’s fifth most active exchange in terms of number of transactions handled through its electronic trading system. It is also one of the world’s leading exchanges for Index options trading.

4.1.2 IPO MARKET IN INDIA

IPO market in India has gone through ups and down over a period, for more than a decade. In the initial years of post- liberalization, it has seen steep rise. Capital market reforms like constitution of SEBI under the new security and regulation act, abolition of the office of controller of capital issues and relaxation in pricing of capital issues played an important role in such upswing. Table below indicates the various trends in the number of IPOs with their amount.

Source: Prime Data Base

IPO market in India has shown remarkable development over the years. It is clear from the graph that even though the numbers of IPOs have reduced over the years but the amount of money or resource mobilization have increased, thus representing the increased investors’ confidence and improving fundamentals.

4.2 PURPOSE OF THE STUDY

There are certain factors which are not covered in secondary research conducted in India. This study will help to identify factors which impact Underpricing of IPOs in India and among different industries.

4.3 LIMITATIONS OF THE STUDY

1. The present study includes IPOs, having equity shares as their instrument of issue. IPOs with other instrument like Debt or preference share have not been included in this study.

2. The non-availability of data has reduced the sample size of present study.

CHAPTER V

Data Analysis and Interpretation

5.1 INTRODUCTION

5.2 ANALYSIS OF DATA

5.3 TESTING OF HYPOTHESIS

CHAPTER VI

Findings, Conclusions and Suggestions

6.1 FINDINGS

6.2 CONCLUSION

6.3 SUGGESTIONS

6.4 SUGGESTIONS FOR FURTHER RESEARCH

Classification of Industries based on Industry Type

Manufacturing Tobacco

Pharmaceuticals

Airlines

Building materials and fixtures

Cement

Food products

Beverages

Textiles

Chemicals

Basic metals

Computer, electronic and optical products

Automobiles

Financial and Insurance Consumer finance

General finance

Insurance

Investment instrument

Investment Services

Services Computer Services

Arts, Entertainment And Recreation

Human Health And Social Work Activities

Education

Hotels

Communications

Retail Trade

Travel agency

Construction

Construction of buildings

Civil engineering

Specialized construction activities

Real Estate

Others Electric power generation

transmission and distribution

Manufacture of gas

distribution of gaseous fuels

Aluminium

Coal

Diamonds & Gemstones

Gold Mining

Mining

Nonferrous Metals

Steel

[supanova_question]

The importance of employee engagement in an organization college essay help online free

1.4 Literature Review

Mark Kilsby and Stephen Beyer (1996) ‘ Engagement and Interaction : A comparison between supported employment and acts’. This research study was conducted with the help of interaction and commitment patterns of 13 supported employees and 38 regular adult training center attainders of the organization. Direct observation was used as method of data collection, within the 13 employment sites and a representative sample of ATC organized activities. Because of the higher level of task specific dialogue between individuals and the service of the organization it is found that there is more of social interaction in ACT. Interaction of employees with public within office hours was the cause for this as per the study conducted.

Douglas R. May, Richard L, Gilson and Lynn M . Harter (2004) ‘The Psychological Conditions Of Meaningfulness ,Safety And Availability And The Engagement Of The Human Spirit At Work’. This shows the study about a U.S western company which explored the determinants and mediated the effects of tree psychological conditions they are meaningful, safe and available. The above studies shoes that all the three factors (meaningfulness, safety and availability) have a positive relation with the engagement of an employee in the organization. In other words they are completely associated with the psychological safety where as loyalty to co worker norms and self- consciousness are negatively related.

Despoina Xanthopaolou, Arnold B, Bakker, Evangelia Demerouti and Wilmar B.Schaufeli (2009) ‘Work Engagement And Financial Returns : A Diary Study On The Role Of The Job And Personal Resources’. The above study shows that how daily fluctuations in job can affect the level of personal resource , financial returns and work engagement. Different level of analysis revealed that day level job resources had an effect on work engagement through the day level personal resources. When there was a control for the general level of personal resources and organizational engagement Day level work engagement showed a positive way towards day level training, which in turn showed the financial returns.

Dan-Shang Wang and Chia ‘Chun Hsieh (2013) ‘The Effect Of Authentic Leadership On Employee Trust And Employee Engagement’ they have examined the genuine leadership on employee engagement through employee trust. They have collected data from 386 employees from top 1000 manufacturing companies and top 500 service companies in Taiwan. Hierarchical multiple regression was used to test the hypothesis on the employees. Later on the results shows that the consistency between the supervisors , words and actions as well as their moral perceptions are optimistically related to employee engagement , when only supervisors are consist between the words and actions in positively related employment trust. The study shows how employee engagement had a positive trust on employee. Employee trust has a partial link between authentic leadership and employee engagement.

Benjamin J.C, Yuan and Michael B.H. Lin (2012) ‘Transforming Employee Engagement Into Long-Term Customer Relationships: Evidence From Information Technology Salespeople In Taiwan’. This article shows that when information sales people in Taiwan have perceived more transformational leadership and they were more expected to show increased development in work engagement. Over a period of time it was found that increased development in work engagement influenced the increased customer relationship. It showed how employee engagement is indirectly co related with customer relationship.

Xander M.Bezuijen, Karen Van Dam, Peter T . Van Den Berg and Henk Thierry (2010) ‘How Leaders Stimulate Employee Learning : A Leader ‘ Member Exchange Approach’. This study investigated how the three factors as such as leader member exchange, goal setting, and feedback are related to employee engagement in the learning activities. Here, two different mechanisms were proposed , first one a mediating mechanism telling that leader member exchange shows specific leader behavior. The second one is it as a moderating mechanism , holding that leader member exchange will strengthen the effect of leader behavior from 7 organizations a sample of 1112 employees was taken , to measure the leader member exchange approach. 233 of the direct leaders answered that they find difficulty in rating employee engagement in learning activities.

Maureen F.Dollard and Arnold B. Bakker (2010) ‘Psychosocial Safety Climate As A Precursor To Conducive Work Environment , Psychological Health Problems , And Employee Engagement’. This article shows the gap between work psychology and psychosocial working condition. Where we construct a psychosocial working condition PSC. It explains how PSC influences the senior management in psychological working conditions and in psychological health and engagement. They use the job demand and resources as a frame work and uses a multi level thinking into their explanation

James R.Jones (2009) ‘Comparative Effects On Race/Ethnicity And Employee Engagement On Withdrawal Behavior’. This study have added knowledge on the basis of effects on employee attachment. In addition to that it provides more evidence on looking at all types of employees as a single entity which can lead to false results.

Shane Crabb ( 2011) ‘The Use Of Coaching Principles To Foster Employee Engagement’. The above article focuses on the human condition that leads to the happiness of fulfillment and flourishing of employee engagement. Where positive psychology results in so many questions from traditional psychological approaches .Which have mean to focus on a different model of human functioning with healing people fail. In another way positive psychology takes additional holistic approach to human life. Seeing the positive and negative aspects of context when establishing what is right , working and good of people.

Roberta A . Neault and Deidre A .Pickerel (2011) ‘Career Engagement : Bridging Career Counseling And Employee engagement’ . this article is showing that employee counselors helps individuals in maximizing their career engagement at any career stage of an individual. When you facilitate career engagement it contributes to employee engagement which employee are looking for. They even encourages others to use the career engagement and employee engagement models as vehicles to combine the employers to interest in engagement counselors to create interest in supporting the development of employee an motivate them to work.

2.1 Title: A Cross Sectional Study Of Employee Engagement In Apollo Hospitals.

2.2 Objectives:

1. To determine the level of Employee Engagement in Apollo Hospitals.

2. To identify the factors of Employee Engagement.

3. To analyze and suggest strategies for improvement.

2.3 Research Methodology:

I had adopted descriptive research design for the purpose of this

Survey on employee engagement. The primary data was collected from the 100 employees conveniently selected from Apollo Hospitals Bangalore, through structured questionnaire.

2.4 Limitations:

1) The survey was carried out for a sample sized of 100 working staff only.

2) Findings and suggestion of this research are applicable only to Apollo Hospitals.

3) As an fact finding study advanced statistical tools or analysis are not used.

Table 1.1 Weighted Average on Opportunities for growth

X 1 2 3 4 5

I have adequate opportunities for professional growth in this organization. (X1) 10 20 32 19 19

I receive the training I need to do my job well.(X2) 2 52 22 16 08

My manager is actively interested in my professional development and advancement.(X3) 32 21 12 18 17

My manager encourages and supports my development (X4) 08 10 40 18 24

I am encouraged to learn from my mistakes (X5) 52 23 16 04 05

My work is challenging, stimulating, and rewarding(X6) 28 14 33 16 09

X1 ?? XI X2 ?? X2 X3 ?? X3 X4 ?? X4 X5 ?? X5 X6 ?? X6

10 50 2 10 32 160 08 40 52 260 28 140

20 80 52 208 21 84 10 40 23 92 14 56

32 96 22 66 12 36 40 120 16 48 33 99

19 38 16 32 18 36 18 36 04 08 16 32

19 19 08 08 17 17 24 24 05 05 09 09

TOTAL 283 TOTAL 324 TOTAL 333 TOTAL 260 TOTAL 413 TOTAL 336

Table 1.2 Calculation Of Weighted Average on Opportunities for growth

283/100 2.83 324/100 3.24 333/100 3.33 260/100 2.60 413/100 4.13 336/100 3.36

RANKED 6 RANKED 4 RANKED 3 RANKED 5 RANKED 1 RANKED 2

Table 1.3 Showing The Rank Of Each Component of Opportunities for growth

INFERENCE

The above table shows that the employees are encouraged to learn from their mistakes that is 4.15 out of 5.the work is stimulating rewarding and challenging is ranked 2nd.the manager is actively interested in employees professional growth is

ranked 3rd.the level of opportunity for professional growth shows the least ranking.

Table 1.4: Showing Adequate Opportunities/ Professional growth

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

10 20 32 19 19 100

Chart 1.1: Showing Adequate Opportunities/ Professional growth

Interpretation:

32% of the employees from the given population says that they have a neutral opportunity to grow where as 10 % stands in the outstanding category and 20% of them in good category. An equal no of employees disagree to the fact in the other hand that is 19% of the given population.

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

2 52 22 16 8 100

Table 1.5: Showing Training

Chart 1.2: Showing Training

Interpretation:

In the given sample 52% of the employees agrees to the fact that they receive good training in order to do their job efficiently and 2% strongly agrees. where 22 % is neutral to the situation given.16 % of them do not get proper training they required to do their jobs and 8 % strongly disagree to it. It is clear that the organization is giving a proper training to employees to make their work effective.

Table 1.6: Showing Professional Development And Advancement

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

32 21 12 18 17 100

Chart 1.3: Showing Professional Development And Advancement

Interpretation:

Most of the employees agree that their manager takes attention in their professional development steps. 32 % to 25 of the employees from the given sample have strongly agreed and agreed to it respectively. whereas 12 % is neutral to it . but 18% to 17% disagrees and says that they are not taken care in respective of their advancement in profession.

Table 1.7: Showing Encouragement And Support

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

8 10 40 18 24 100

Chart 1.4: Showing Encouragement And Support

Interpretation:

From the above graph its clear that 40% of the employees neither agree or disagree that management encourage them or support them. 8% to 10% agrees that they have been supported by the management . but 18 % to 24 % disagree to the fact that management supports them .

Table 1.8: Showing Challenges, Stimulation And Reward

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

52 23 16 4 5 100

Chart 1.5: Showing Challenges, Stimulation And Reward

Interpretation:

More than half , 52% of the employees states that they have a challenging stimulating and rewarding work. A very few of them disagree to it 4 % to 5% . and 23 % of them agrees t it there is a majority of people agreeing to it.

Table 1.9: Showing Encouragement

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

28 14 33 16 9 100

Chart 1.6: Showing Encouragement

Interpretation:

There is a 28% of people agreeing to it. And 16 % to 9 % disagreeing to the fact that they are not encouraged to learn from their mistakes .

Table 1.10: Showing Weighted Average on Work/Life Balance; Stress and Work Pace

X 1 2 3 4 5

My manager understands the benefits of maintaining a balance between work and personal life. (X1) 02 13 08 48 29

My job does not cause unreasonable amounts of stress in my life. (X2) 30 13 08 48 29

The amount of work I am asked to do is reasonable. (X3) 40 20 12 14 14

I am able to satisfy both my job and family/personal responsibilities. (X4) 27 12 08 09 44

X1 ?? X1 X2 ?? X2 X3 ?? X3 X4 ?? X4

02 10 30 150 40 200 27 135

13 52 13 52 20 80 12 48

08 24 08 24 12 48 08 24

48 96 48 96 14 28 09 18

29 29 29 29 14 14 44 44

TOTAL 211 TOTAL 351 TOTAL 370 TOTAL 269

Table 1.11: Showing Calculation Of Weighted Average on Work/Life Balance; Stress and Work Pace

Table 1.12: Showing The Rank Of Each Component of Work/Life Balance; Stress And Work Pace

211/100 2.11 351/100 3.51 370/100 3.7 269/100 2.69

RANKED 4 RANKED 1 RANKED 2 RANKED 3

INFERRENCE

By analysing the given data using weighted average method that the level of stress reduced in the employees is 3.51 out of 4 , and the amount of work the employee is asked to do is 3.7. the employee is able to balance between family and personal responsibility is 2.69 . the managers understanding in the benefits and maintaining balance between work and personal life should be taken care because it is got only 2.11 which have least rank

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

2 13 8 48 29 100

Table 1.13: Showing Work/Life Balance; Stress And Work Pace Balance Between Work And Personal Life

Chart 1.7: Showing Work/Life Balance; Stress And Work Pace Balance Between Work And Personal Life

Interpretation:

Only 2% of the employees says that there is a balance between work life and personal life. 13% of them agrees to it and 8% is neutral to it.but 48% of the sample disagrees and 29 % of them strongly disagrees to it.

Table 1.14: Showing Stress Level In Employees Life

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

30 13 8 48 29 100

Chart 1.8: Showing Stress Level In Employees Life

Interpretation:

30% of the employees strongly agrees that the job doesn’t cause much stress where 13% of them agrees and 8% is neutral to it. But 48%of them disagree nd 29% strongly disagrees and states that job causes stress in their life.

Table 1.15: Showing Amount Of Work Asked To Do

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

40 20 12 14 14 100

Chart 1.9: Showing Amount Of Work Asked To Do

Interpretation:

40% of them strongly agrees that they have sufficient amount of work and they do not feel any stress where 20 % of them agrees. 12% of the sample is neutral.14% of them disagrees they don’t have suffient amount of work or they are overloaded with the work given.

Table 1.16: Showing Satisfying Family / Personal Responsibilities

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

40 20 12 14 14 100

Chart 1.10: Showing Satisfying Family / Personal Responsibilities

Interpretation:

44% of them strongly disagree that they are not able to complete their job, family and personal responsibilities. 27 % to 12 % agrees to it and 8% is neutral to that. It shows that employees are not satisfied with the amount of work given to them.

Table 1.17: Showing Weighted Average on Personal Expression / Diversity

X 1 2 3 4 5

My ideas and opinions count at work. (X1) 03 18 19 32 28

I am comfortable sharing my opinions at work. (X2) 10 08 28 42 12

We work to attract, develop, and retain people with diverse backgrounds. (X3) 10 13 09 56 12

Senior management is genuinely interested in employee opinions and ideas. (X4) 24 23 36 07 10

People with different ideas are valued in this organization. (X5) 20 18 40 13 09

Table 1.18: Calculation Of Weighted Average on Personal Expression / Diversity

X1 ?? X1 X2 ?? X2 X3 ?? X3 X4 ?? X4 X5 ?? X5

3 15 10 50 10 50 24 120 20 100

18 72 08 32 13 52 23 92 18 72

19 57 28 84 09 27 36 108 40 120

32 64 42 84 56 112 07 14 13 26

28 26 12 12 12 12 10 10 09 09

TOTAL 234 TOTAL 262 TOTAL 253 TOTAL 344 TOTAL 327

234/100 2.34 262/100 2.62 253/100 2.53 344/100 3.44 327/100 3.27

RANKED 5 RANKED 3 RANKED 4 RANKED 1 RANKED 2

Table 1.19: Showing The Rank Of Each Component of Personal Expression / Diversity

INFERRENCE

By analysing the above table it shows that senior management is interested in personal opinions which shows the rank 1. And people with different ideas are valued in the organisation are considered 3.27 out of 5. Employees are free to share their ideas 2.62. the employees work in such a manner to attract and retain others 2.53 ,which has got the 4th rank. Ideas counted at work has got the least rank where they have to work on that part.

Table 1.20: Showing Idea And Opinion Count

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

3 18 19 32 28 100

Chart 1.11: : Showing Idea And Opinion Count

Interpretation:

Only 3% of the employees agree that the management listens to their ideas and opinions. 18% of them agree to it as well. 19 % is neutral to the situation. Whereas there is a huge no of the sample size that is32% to 28% who is disagreeing to it. Their opinions and ideas are not taken seriously by the management.

Table 1.21: Showing Level Comfort in Sharing Opinions

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

10 8 28 42 12 100

Chart 1.12 : Showing Level Comfort in Sharing Opinions

Interpretation:

The conducted shows that onl10% to 8% employees are comfortable in sharing their problems with the upper management. Rest of the sample that is 42% is disagreeing that they are not comfortable in sharing their ideas or problems.12% of them strongly disagrees.

Table 1.22: Showing The Work They Do Is To Attract , Develop And Retain

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

10 13 9 56 12 100

Chart 1.13: Showing The Work They Do Is To Attract , Develop And Retain

Interpretation:

56% of the employees disagrees that they don’t work to attract ,develop or retain customers. Where 10% to 13% agrees to the statement . a little sample size of 12% strongly disagrees to the statement .

Table 1.23: Showing Senior Management Interest In Employee Opinion And Ideas

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

24 23 26 7 10 100

Chart 1.14: Showing Senior Management Interest In Employee Opinion And Ideas

Interpretation

The management shows interest in taking employees ideas and opinions.24% of them agrees and 23% of the strongly agrees to the statement. A huge sample ,36% id neutral to the statement. But a little sample, 7% to 10% disagrees to the statement.

Table 1.24: Showing People With Different Ideas Are Valued

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

20 18 40 13 9 100

Chart 1.15: Showing People With Different Ideas Are Valued

Interpretation:

20% to 18% of the employees agree that people with different ideas are well accepted in the organization. 40% to the employees are neutral to the statement. 13 % to 9% of the sample disagrees to the statement on the other hand.

Table 1.25: Showing Weighted Average On Compensation

X 1 2 3 4 5

I am paid fairly for the work I do. (X1) 19 42 12 25 2

My salary is competitive with similar jobs I might find elsewhere.(X2) 32 12 28 23 5

My benefits are comparable to those offered by other organizations.(X3) 8 29 28 32 3

I understand my benefit plan. (X4) 42 15 19 9 15

I am satisfied with my benefit package. (X5) 58 12 11 6 13

Table 1.26: Calculation Of Weighted Average On Compensation

X1 vX1 X2 ?? X2 X3 ?? X3 X4 ?? X4 X5 ?? X5

19 95 32 160 08 40 42 210 58 290

42 168 12 48 29 116 15 60 12 48

12 36 28 84 28 84 19 57 11 33

25 50 23 46 32 64 09 18 06 12

02 02 05 05 03 03 15 15 13 13

TOTAL 351 TOTAL 343 TOTAL 307 TOTAL 360 TOTAL 396

Table 1.27: Showing The Rank Of Each Component Of Compensation

351/100 3.51 343/100 3.43 307/100 3.07 360/100 3.60 396/100 3.96

RANKED 3 RANKED 4 RANKED 5 RANKED 2 RANKED 1

INFERENCES

The above table shows that the employees are satisfied with the benefit package they are given 3.96 out of 5.the employees understand their plan is 3.60. the fair pay is ranked 3rd.the employees salary is competitive with others is ranked 4th. The salary is not comparable with salary with others which has been ranked the least, rank 5.

Table 1.28: showing Fair Pay

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

19 42 12 25 2 100

Chart 1.16: Showing Fair Pay

Interpretation:

19% to 42% of the Employees agree that they are paid fairly according to the amount of work they do. But 25% to 2% of the sample size disagrees to the statement. And 12% is neutral to it.

Table 1.29: Showing Salary Competitiveness

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

32 12 28 23 5 100

Chart 1.17: Showing Salary Competitiveness

Interpretation:

32% of the employees agrees that they get a competitive salary when compared to other organizations with same designation. 12% of them strongly agrees to it .28% of them are neutral to the statement. 23% to 5% is disagrees to the statement in the other hand.

Table 1.30: Showing Comparability Of Benefits

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

8 29 28 32 3 100

Chart 1.18: Showing Comparability Of Benefits

Interpretation:

There is balance, 29% of the employees agrees and 32 % of them strongly disagrees that they have a comparable benefits.28% of them are neutral in the other hand.

Table 1.31: Showing Understanding Of Benefit Plan

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

42 15 19 9 15 100

Chart 1.19: Showing Understanding Of Benefit Plan

Interpretation:

42% of the employees agrees that they understand their benefit plan. 15% strongly agrees ,where 19% is neutral.9% to 15% disagrees to the fact and says they don’t understand the benefit plans they are given.

Table 1.32: Showing Satisfaction With Benefit Package

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

58 12 11 6 13 100

Chart 1.20: Showing Satisfaction With Benefit Package

Interpretation:

58% of them are satisfied with their benefit package. 12% strongly agrees. Whereas little sample of 6% to 13% disagrees to the statement. Or they are not happy with their benefit package.11% is neutral to it.

Summary of Findings

‘ Most of the employee’s ability state the opinion firmly and positively is better than acceptable standards.

‘ Majority of the employee’s ability in exercising the professional duties without assistance is better than acceptable standard.

‘ The Emotional Stamina of the majority of the employees is better than acceptable standard.

‘ Majority of the Employee’s Ability to work co-operatively and collaboratively to achieve common goal is better than acceptable.

‘ Majority of the employees Ability to effectively guide a group through an appropriate process to help to achieve their desired outcomes is better than acceptable standard.

‘ Majority of the employee’s ability to clarify and establish with a group roles and responsibilities, common goal and plan to achieve them and group behavioural is outstanding.

‘ Majority of the employees Ability to deal with multiple issues and details, alertness and learning capacity is better than acceptable standard.

‘ Majority of the employee’s ability to see and think beyond the obvious and formulate original solution is better than acceptable standards.

‘ Majority of the employee’s ability to present ideas, concept, plan and procedure clearly to the target group is better than acceptable standard.

‘ Concern for excellence of the majority of the employee’s is better than acceptable standard.

‘ Majority of the employee’s Aware of what is going on in the workplace and responds in a suitable manner to situations as they is better than acceptable.

‘ The understanding between the top level and employees are in good terms.

‘ Employees do understand their benefits and opportunities given by the organisation.

‘ The employees are paid fairly according to the work done.

‘ Freedom of sharing new ideas and opinions are welcomed in the organisation.

‘ The employees are able to make a balance between personnel and work life. which reduces the amount of stress in them.

‘ The organisation encourages the employee to learn from their mistakes.

‘ Recommendations

‘ In this organization employee engagement study must be regularly done in order to check the level of employee effectiveness.

‘ Since many of the employees are performing different jobs to what they were doing at the time of their joining they need training to perform the new work allotted them.

‘ Different sources of employee engagement tactics must be encouraged in employees.

‘ The top management should support the lower level employees since it is considered a major hurdle in effective employee engagement and the employees must also be made aware of importance of engagement at work system

‘ The employees should be then and there motivated for work.

‘ The understanding between management and employees should be increased.

‘ Level of stress in work should be reduced.

‘ Better benefit package should be given to the employees.

Conclusion

In the report we have discussed the importance of employee engagement in an organization and how it affects the efficiency of work and productivity. Employment counselors should help individuals to maximize their career engagement at any stage of their career. Basically employee engagement should be a buzz word for the employee engagement and a positive attitude held by the employees towards the organization. Employee engagement is gaining its importance and popularity in work places and its impact in many ways. It emphasis on the importance of employee engagement in a organization, an organization should thus give more importance for its employees than any other variable as they are the powerful contributors to a company’s competitiveness. Thus it shows that employee engagement should be a continues process for learning, improvement, measurement and action of an employee.

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The limitations of the Chit Acts free college essay help

1.1 BACKGROUND OF THE STUDY

The financial system assumes strategically a very important role in channelling the funds from surplus units to deficit units. The financial system here refers to the group of institutions, markets and instruments which helps in formation of capital and thus accelerates to the pace of economic development.

The base of this study stems from the fact that there exists a gap between gross capital formation and gross domestic savings in India. So, there exists the need to augment the growth rate of voluntary domestic savings. This goal can be realized by widening and strengthening the working of different financial intermediaries which will result in mobilizing savings from various income level categories. .It is in this context that the role of the Non-Banking Financial Intermediaries like Chit Finance should be appreciated in supplementing the functions of the Banking Institutions.

Chit funds are Chit funds are the Indian equivalent of the Rotating Savings and Credit Associations (ROSCA). ROSCAs are famous in many parts of the world and is seen as an instrument to ‘save and borrow’ simultaneously. ROSCAs basically started as a way to help in fulfilling the needs of the low-income households as it enables the people to convert their small savings into lump sums. The concept of chit funds originated more than 1000 years ago. Initially it was in the form of an informal association of traders and households within communities, wherein the members contributed some money in return for an accumulated sum at the end of the tenure. Participation in Chit funds was mainly for the purpose of purchasing some property or, in other words, for ‘consumption’ purposes. However, in recent times, there have been tremendous alterations in the constitution and functioning of Chit funds. A significant difference between Chit Funds and ROSCAs are that in most places ROSCAs are user-owned and organized informally, but chit funds have been formally institutionalized in India. (Chit Funds-An innovative access to finance for low income households, 2009)

1.1.1 WHAT DO WE MEAN BY CHIT FUNDS?

Chit fund is a savings-cum-borrowing instrument. The basic aim of this instrument is to pool small amount of savings by all the members which is then managed by a foreman. The foreman has the responsibility to act as a trustee-cum-supervisors for the process of collection and allotment of the pooled amount.

Chit funds represent a traditional form of saving-cum-credit institution evolved before the bank system was introduced in rural India. There are many who avail themselves of this avenue for saving for a reasonable return.

1.1 NEED AND RATIONALE OF THE STUDY

Despite the growth of a wide range of savings avenues and the widespread network of banks and other financial institutions, it has been found that Chit scheme still forms an important part in the asset portfolio of many households and firms in India and especially in South India including Karnataka. Also, the review of literature shows that there are only a few studies on Chit Finance. Therefore, the need to conduct the study stems from the requirement to understand Chit Funds in Bangalore.

1.2 NEED TO CONDUCT THE STUDY

The research titled ‘A Study on Chit Funds in Bangalore to understand the behaviour and financial needs of the chit fund members as well as to identify the important predictors of regular participation in chit funds’ The study estimates the net returns and interest rate on Chit funds. This study tries to point out the limitations of the Chit Acts and suggests feasible recommendations for improving the working of such institutions.

.3.2 STATEMENT OF THE PROBLEM

‘A Study on Chit Funds in Bangalore to understand the behaviour and financial needs of the chit fund members as well as to identify the important predictors of regular participation in chit funds’.

VARIABLES UNDER INVESTIGATION

1. Age

2. Occupation

3. Monthly income

4. Gender

5. Bank loan

6. Regular participation in chit fund

7. Membership in multiple chit schemes

8. Cause for participating in multiple schemes

9. Preferred avenue of saving

10. Preferred source of finance

11. Safety

12. Better service

13. Flexibility

14. Timely Payment

15. Low commission

16. Personal contact

17. Unregistered chit funds membership

18. Cause for participating in unregistered chit funds

19. Cause for not participating in unregistered chit fund

3.5 OBJECTIVES OF THE STUDY

3.5.1 OBJECTIVE(PRIMARY)

1. To understand the behaviour and financial needs of the chit fund members.

2. To identify the important predictors behind chit fund participation

3.5.2 OHER OBJECTIVES OF RESEARCH

1. To estimate interest rates in registered chit funds.

2. To compare the relative ratings of Chit subscribers towards registered and unregistered chit funds on

3. To estimate the return on Chit Funds.

3.6 HYPOTHESIS

There are two types of statistical hypotheses.

1. Null hypothesis

2. Alternative hypothesis.

Hypothesis 1:

H0: There is no significant relation between gender and cause for participation in chit fund.

H1: There is significant relation between gender and cause for participation in chit fund.

Hypothesis 2:

H0: There is no significant relation between occupation and cause for participation in chit fund.

H1: There is significant relation between occupation and cause for participation in chit fund.

Hypothesis 3:

H0: There is no significant relation between age and causes for participation in chit fund

H1: There is significant relation between age and cause for participation in chit fund

Hypothesis 4:

H0: There is no significant relation between monthly income and cause for participation in chit fund

H1: There is significant relation between monthly income and cause for participation in chit fund

Hypothesis 5:

H0: There is no significant relation between gender and causes for bidding in chit fund

H1: There is significant relation between gender and cause for bidding in chit fund

Hypothesis 6:

H0: There is no significant relation between occupation and cause for bidding in chit fund

H1: There is significant relation between occupation and cause for bidding in chit fund

Hypothesis 7:

H0: There is no significant relation between age and cause for bidding in chit fund

H1: There is significant relation between age and cause for bidding in chit fund

Hypothesis 8:

H0: There is no significant relation between monthly income and cause for bidding in chit fund

H1: There is significant relation between monthly income and cause for bidding in chit fund

Hypothesis 9:

H0: There is no significant relation between gender and cause for saving in chit fund

H1: There is significant relation between gender and cause for saving in chit fund

Hypothesis 10:

H0: There is no significant relation between occupation and cause for saving in chit fund.

H1: There is significant relation between occupation and cause for saving in chit fund.

Hypothesis 11:

H0: There is no significant relation between age and cause for saving in chit fund

H1: There is significant relation between age and cause for saving in chit fund

Hypothesis 12:

H0: There is no significant relation between having bank loan and membership in multiple chit schemes.

H1: There is significant relation between having bank loan and membership in multiple chit schemes.

Hypothesis 13:

H0: There is no significant relation between monthly income and participation in unregistered chit funds

H1: There is significant relation between monthly income and participation in unregistered chit funds

Hypothesis 14 :

H0: There is no significant relation between causes to prefer chit fund over bank and having bank loan.

H1: There is significant relation between causes to prefer chit fund over bank and having bank loan.

Hypothesis 15:

H0: Presence of safety, flexibility, timely payment, low commission, better service, personal contact, having a bank loan are no significant predictors of regular participation in chit fund.

H1: Presence of safety, flexibility, timely payment, low commission, better service, personal contact ,having a bank loan,are significant predictors of regular participation in chit fund.

.

3.8 SAMPLING METHOD

Members of four registered chit fund companies in Bangalore. The four registered chit fund companies were selected due to the large size of their subscriber base.

3.8.3 SIZE OF SAMPLE

150 respondents

3.9 MECHANISM OF STUDY

3.9.1 PRIMARY RESEARCH

Questions relating to behaviour and financial pattern will be found out through questionnares

3.9.2 SECONDARY RESEARCH

‘ Reports on chit fund industry

OVERVIEW OF INDIAN CHIT FUND INDUSTRY

4.1.1 NUMBER OF REGISTERED CHIT FUND COMPANIES:

According to the Ministry of Corporate Affairs, as on 31st December, 2013:

Volume of registered chit companies: 5412

Volume of chit companies in Karnataka: 703

Number of chit fund companies in Bangalore: 315

UNREGISTERED CHIT FUND INDUSTRY

Although unregistered chits are an informal source of finance but still they are a significant part of the chit fund industry. Though they are more easily accessible as compared to registered chit funds.

4.3 PURPOSE OF THE STUDY

The study titled ‘A Study on Chit Funds in Bangalore to understand the behaviour and financial needs of the chit fund members as well as to identify the important predictors of regular participation in chit funds’ attempt in The study estimates the net returns and interest rate on Chit funds. This study also examines the limitations of the Chit Acts and suggests suitable recommendations for improving the functioning of such institutions.

4.4 LIMITATION OF STUDY

‘ Unwillingness of the members to share their income and financial details made the task of data collection somewhat difficult.

‘ Collecting data became difficult since I don’t know the regional languages.

5.2 ANALYSIS OF DATA

The analysis is done on the primary data collected from 150 chit funds members in Bangalore

TESTING OF HYPOTHESES

5.4.1 Hypothesis 1:

H0: There is no significant relation between gender and cause for participation in chit fund.

H1: There is significant relation between gender and cause for participation in chit fund.

Chi-Square Tests

Value df Asymp. Sig. (2-sided)

Pearson Chi-Square 31.070a 16 .013

Likelihood Ratio 35.945 16 .003

Linear-by-Linear Association 8.809 1 .003

N of Valid Cases 150

a. 1 cells (10.0%) have expected count less than 5. The minimum expected count is .30.

Symmetric Measures

Value Approx. Sig.

Nominal by Nominal Phi .455 .013

Cramer’s V .228 .013

N of Valid Cases 150

a. Not assuming the null hypothesis.

b. Using the asymptotic standard error assuming the null hypothesis.

INTERPRETATION:

The value of chi-square=31.070 was p=.013, less than 0.05.

We can see that the strength of association between the variables is moderate (Phi and Cramer’s V -0.455).

Therefore, the research hypothesis that differences in ’cause to participate in chit funds’ are related to differences in ‘age” is supported by this analysis. This means that different age groups of the chit fund members have different reasons of participating in chit funds. As can be seen from the table above that those who belong to ’36-45 years’ have saving as the predominant reason to participate whereas members of other age groups do not have any dominant reason to participate.

5.4.2 Hypothesis 2:

Hypothesis 2:

H0: There is no significant relation between occupation and cause for participation in chit fund.

H1: There is significant relation between occupation and cause for participation in chit fund.

Hypothesis 3:

. Hypothesis 3:

H0: There is no significant relation between age and causes for participation in chit fund

H1: There is significant relation between age and cause for participation in chit fund

Chi-Square Tests

Value df Asymp. Sig. (2-sided)

Pearson Chi-Square 10.018a 4 .040

Likelihood Ratio 10.478 4 .033

Linear-by-Linear Association 6.876 1 .009

N of Valid Cases 150

Symmetric Measures

Value Approx. Sig.

Nominal by Nominal Phi .258 .040

Cramer’s V .258 .040

N of Valid Cases 150

a. Not assuming the null hypothesis.

a. Using the asymptotic standard error assuming the null hypothesis.

INTERPRETATION:

The value of chi-square=10.018 was p=.040, less than 0.05.

.We can see that the strength of association between the variables is weak (0.258)

Therefore, the research hypothesis that differences in ’cause to participate in chit funds’ are related to differences in ‘gender” is supported by this analysis. This means that males and females have different reasons of participating in chit funds. As it can be seen that males participate in chit funds for business and personal consumption purposes apart from saving whereas women predominantly participate to save.

5.4

Hypothesis 4:

H0: There is no significant relation between monthly income and cause for participation in chit fund

H1: There is significant relation between monthly income and cause for participation in chit fund

Chi-Square Tests

Value df Asymp. Sig. (2-sided)

Pearson Chi-Square 82.176a 12 .000

Likelihood Ratio 97.665 12 .000

Linear-by-Linear Association 15.696 1 .000

N of Valid Cases 150

Symmetric Measures

Value Approx. Sig.

Nominal by Nominal Phi .740 .000

Cramer’s V .427 .000

N of Valid Cases 150

INTERPRETATION:

We can see that the strength of association between the variables is strong (0.740)

Therefore, the research hypothesis that differences in ‘reason to participate in chit funds’ are related to differences in ‘occupation” is supported by this analysis. It can be seen that the self-employed members mainly participate to avail for business reasons whereas salaried employee participate mainly for personal consumption purposes.

Hypothesis 5:

Hypothesis 5:

H0: There is no significant relation between gender and causes for bidding in chit fund

H1: There is significant relation between gender and cause for bidding in chit fund

Chi-Square Tests

Value df Asymp. Sig. (2-sided)

Pearson Chi-Square 66.691a 20 .000

Likelihood Ratio 43.579 20 .002

Linear-by-Linear Association 4.804 1 .028

N of Valid Cases 150

a. 1 cell (10.0%) has expected count less than 5. The minimum expected count is .07.

Symmetric Measures

Value Approx. Sig.

Nominal by Nominal Phi .667 .000

Cramer’s V .333 .000

N of Valid Cases 150

a. Not assuming the null hypothesis.

b. Using the asymptotic standard error assuming the null hypothesis.

INTERPRETATION:

The (chi-square=66.691) was p=.000, less than 0.05.

We can see that the strength of association between the variables is moderately strong (0.667)

Therefore, the research hypothesis that differences in ’cause to bid in chit funds’ are related to differences in ‘age” is supported by this analysis. It can be seen that the members of age group’36-45 years’ are more interested in bidding for business related purposes where members of other age groups bid mainly for emergency needs.

5.4.6 Hypothesis 6:

. Hypothesis 6:

H0: There is no significant relation between occupation and cause for bidding in chit fund

H1: There is significant relation between occupation and cause for bidding in chit fund

Chi-Square Tests

Value df Asymp. Sig. (2-sided)

Pearson Chi-Square 7.167a 5 .209

Likelihood Ratio 7.885 5 .163

Linear-by-Linear Association 1.120 1 .290

N of Valid Cases 150

a. 5 cells (41.7%) have expected count less than 5. The minimum expected count is .81.

Symmetric Measures

Value Approx. Sig.

Nominal by Nominal Phi .219 .209

Cramer’s V .219 .209

N of Valid Cases 150

a. Not assuming the null hypothesis.

b. Using the asymptotic standard error assuming the null hypothesis.

INTERPRETATION:

The probability of the chi-square test statistic (chi-square=7.167) was p=.209, more than the alpha level of significance of 0.05.

Therefore, the research hypothesis that differences in ‘reason to bid in chit funds’ are related to differences in ‘gender” is not supported by this analysis.

5.4.7 Hypothesis 7:

Hypothesis 7:

H0: There is no significant relation between age and cause for bidding in chit fund

H1: There is significant relation between age and cause for bidding in chit fund

Chi-Square Tests

Value df Asymp. Sig. (2-sided)

Pearson Chi-Square 180.915a 15 .000

Likelihood Ratio 160.460 15 .000

Linear-by-Linear Association 28.379 1 .000

N of Valid Cases 150

a. 1 cell (10.0%) has expected count less than 5. The minimum expected count is .13.

Symmetric Measures

Value Approx. Sig.

Nominal by Nominal Phi 1.098 .000

Cramer’s V .634 .000

N of Valid Cases 150

INTERPRETATION:

The (chi-square=180.915) was p=.000, less than 0.05.

We can see that the strength of association between the variables is extremely strong (1.098)

Therefore, the research hypothesis that differences in’ are related to differences in ‘occupation” is supported by this analysis. It can be clearly seen that self-employed people bid in chit scheme mostly for business purposes, salaried people for emergency needs and housewives for household purposes.

5.4.8 Hypothesis 8:

Hypothesis 8:

H0: There is no significant relation between monthly income and cause for bidding in chit fund

H1: There is significant relation between monthly income and cause for bidding in chit fund

Chi-Square Tests

Value df Asymp. Sig. (2-sided)

Pearson Chi-Square 123.331a 35 .000

Likelihood Ratio 106.298 35 .000

Linear-by-Linear Association 4.957 1 .026

N of Valid Cases 150

INTERPRETATION:

The probability of the chi-square test statistic (chi-square=123.331) was p=.000, less than the alpha level of significance of 0.05.

We can see that the strength of association between the variables is extremely strong (.907)

Therefore, the research hypothesis that differences in ‘reason to bid in chit funds’ are related to differences in ‘income” is supported by this analysis. It can be clearly seen that low income members bid mostly for consumption reasons whereas higher income members bid for business related and emergency purposes.

SUMMARY:

Reason to bid in chit fund has the strongest association with the occupation of the chit fund members as the probability of the chi-square test statistic (chi-square=180.915) was p=.000 and the strength of association between the variables is extremely strong (1.098).

5.4.

Hypothesis 9:

H0: There is no significant relation between gender and cause for saving in chit fund

H1: There is significant relation between gender and cause for saving in chit fund

Chi-Square Tests

Value df Asymp. Sig. (2-sided)

Pearson Chi-Square 21.702a 16 .153

Likelihood Ratio 23.775 16 .095

Linear-by-Linear Association 2.397 1 .122

N of Valid Cases 150

INTERPRETATION:

The chi-square=123.331) was p=.153, more than 0.05. Therefore, the research hypothesis that differences in ’cause to save in chit funds’ are related to differences in ‘age” is not supported by this analysis.

5.4.10 Hypothesis 10:

H0: There is no significant relation between occupation and cause for saving in chit fund.

H1: There is significant relation between occupation and cause for saving in chit fund.

Chi-Square Tests

Value df Asymp. Sig. (2-sided)

Pearson Chi-Square 20.510a 4 .000

Likelihood Ratio 29.038 4 .000

Linear-by-Linear Association 7.062 1 .008

N of Valid Cases 150

a. 1 cell (10.0%) has expected count less than 5. The minimum expected count is .81.

Symmetric Measures

Value Approx. Sig.

Nominal by Nominal Phi .370 .000

Cramer’s V .370 .000

N of Valid Cases 150

a. Not assuming the null hypothesis.

b. Using the asymptotic standard error assuming the null hypothesis.

INTERPRETATION:

The chi-square=20.510) was p=.000, less than 0.05.

We can see that the strength of association between the variables is weak (.370).Therefore, the research hypothesis that differences in ’cause to save in chit funds’ are related to differences in ‘gender” is supported by this analysis.

5.4.11 Hypothesis 11:

Hypothesis 11:

H0: There is no significant relation between age and cause for saving in chit fund

H1: There is significant relation between age and cause for saving in chit fund

Chi-Square Tests

Value df Asymp. Sig. (2-sided)

Pearson Chi-Square 67.261a 12 .000

Likelihood Ratio 60.380 12 .000

Linear-by-Linear Association 9.507 1 .002

N of Valid Cases 150

a. 1 cell (10.0%) has expected count less than 5. The minimum expected count is .13.

Symmetric Measures

Value Approx. Sig.

Nominal by Nominal Phi .670 .000

Cramer’s V .387 .000

N of Valid Cases 150

INTERPRETATION:

The chi-square=67.261 was p=.000, less than 0.05.

We can see that the strength of association between the variables is moderately strong(.670).Therefore, the research hypothesis that differences in ‘reason to cause in chit funds’ are related to differences in ‘occupation” is supported by this analysis. Salaried people save their money in chit fund with no particular purpose. But self-employed people are equally interested in saving for house purchase as well as for general purpose.

SUMMARY:

chit fund is most closely associated with occupation of the chit fund members as it has the highest value of chi-square statistic and Phi coefficient.

5.4.12 Hypothesis 12:

Hypothesis 12:

H0: There is no significant relation between having bank loan and membership in multiple chit schemes.

H1: There is significant relation between having bank loan and membership in multiple chit schemes.

Chi-Square Tests

Value df Asymp. Sig. (2-sided)

Pearson Chi-Square 56.697a 3 .000

Likelihood Ratio 67.900 3 .000

Linear-by-Linear Association 36.400 1 .000

N of Valid Cases 150

INTERPRETATION:

The probability of the chi-square test statistic (chi-square=56.697) was p=.000, less than the alpha level of significance of 0.05.

We can see that the strength of association between the variables is strong (.615).

Therefore, the research hypothesis that differences in ‘membership in multiple chit schemes are related to differences in ‘having currently bank loan” is supported by this analysis. It is clearly evident that those members currently having bank loan have invested in only one chit scheme whereas those members who do not have availed bank loan have invested in more than one chit schemes.

5.4.13 Hypothesis 13:

Hypothesis 13:

H0: There is no significant relation between monthly income and participation in unregistered chit funds

H1: There is significant relation between monthly income and participation in unregistered chit funds

.

Chi-Square Tests

Value df Asymp. Sig. (2-sided)

Pearson Chi-Square 96.660a 7 .000

Likelihood Ratio 85.378 7 .000

Linear-by-Linear Association 59.577 1 .000

N of Valid Cases 150

a. 1 cell(10.0%) has expected count less than 5. The minimum expected count is 1.08.

INTERPRETATION:

The chi-square=96.660 was p=.000, less than 0.05.

We can see that the strength of association between the variables is extremely strong (.803).

Therefore, the research hypothesis that differences in ‘participation in unregistered chit funds’ are related to differences in ‘income” is supported by this analysis. It is clearly evident that mostly low- income members have participated in unregistered funds. This is because the registered funds have become expensive due to the increase in their operational cost as a result of stringent regulations.

5.2.14 Hypothesis 14 :

H0: There is no significant relation between causes to prefer chit fund over bank and having bank loan.

H1: There is significant relation between causes to prefer chit fund over bank and having bank loan

Chi-Square Tests

Value df Asymp. Sig. (2-sided)

Pearson Chi-Square 28.049a 5 .000

Likelihood Ratio 31.806 5 .000

Linear-by-Linear Association 2.967 1 .085

N of Valid Cases 150

a. 2 cells (15.0%) have expected count less than 5. The minimum expected count is 1.79.

Symmetric Measures

Value Approx. Sig.

Nominal by Nominal Phi .432 .000

Cramer’s V .432 .000

N of Valid Cases 150

INTERPRETATION:

The probability of the chi-square test statistic (chi-square=28.049) was p=.000, less than the alpha level of significance of 0.05.

We can see that the strength of association between the variables is moderate (.432).

Therefore, the research hypothesis that differences in ’cause to prefer chit fund over bank’ are related to differences in ‘having bank loan” is supported by this analysis. It is clearly evident that members who have bank loan have preferred chit fund over bank mainly due to better dividends. But those who do not have bank loan prefer chit fund over bank mainly due to better service in terms of more personalized service.)

5.2..15 Hypothesis 15: To identify significant predictors of regular participation in chit funds using Binary Logistic Regression

Hypothesis 15:

H0: Presence of safety, flexibility, timely payment, low commission, better service, personal contact, having a bank loan are no significant predictors of regular participation in chit fund.

H1: Presence of safety, flexibility, timely payment, low commission, better service, personal contact ,having a bank loan,are significant predictors of regular participation in chit fund.

Variables in the Equation

B S.E. Wald df Sig. Exp(B)

Step 0 Constant -1.046 .186 31.574 1 .000 .351

Model Summary

Step -2 Log likelihood Cox & Snell R Square Nagelkerke R Square

1 37.170a .533 .576

a. Estimation terminated at iteration number 6 because parameter estimates changed by less than .001.

Variables in the Equation

B S.E. Wald df Sig. Exp(B)

Step 1a bank_loan(1) 1.068 1.265 14.715 1 .000 11.720

reason_2 2.286 4 .683

reason_2(1) 1.336 1.077 1.540 1 .215 3.805

reason_2(2) .134 2.239 .004 1 .952 1.143

reason_2(3) -.559 1.896 .087 1 .768 .572

reason_2(4) .731 1.347 .294 1 .588 2.076

reason_3 4.874 5 .431

reason_3(1) 1.188 .924 1.652 1 .199 3.279

reason_3(2) 1.661 2.048 .658 1 .417 5.263

reason_3(3) -1.654 1.228 1.813 1 .178 .191

reason_3(4) .404 1.192 .115 1 .735 1.497

reason_3(5) -17.379 20.722 .000 1 .700 .000

reason_4 .355 4 .986

reason_4(1) -1.047 1.850 .320 1 .571 .351

reason_4(2) -.839 1.979 .180 1 .672 .432

reason_4(3) -.932 1.637 .324 1 .569 .394

reason_4(4) 3.519 4.199 .000 1 .600 3.746

reason_5 8.553 5 .128

reason_5(1) -.254 1.768 .021 1 .886 .776

reason_5(2) -19.245 9.890 .000 1 .999 .000

reason_5(3) 1.420 1.338 1.126 1 .289 4.136

reason_5(4) -.747 1.306 .327 1 .567 .474

reason_5(5) .561 1.342 .174 1 .676 1.752

B S.E. Wald df Sig. Exp(B)

Step 1a Safety -.075 .320 4.377 1 .011 0.928

Flexi -.178 .426 3.337 1 .021 0.837

commision -.185 .188 1.868 1 .026 0.831

payment -.267 .178 1.657 1 .097 0.766

service -.859 .412 1.348 1 .083 0.424

personal -1.122 .163 .996 1 .079 0.329

Constant 3.058 2.440 1.571 1 .010 21.291

a. Variable(s) entered on step 1: : bank_loan, reason_2, reason_3, reason_4, reason_5.imp1, imp2, imp3, imp4, imp5, imp6.

INTERPRETATION:

‘ -2 Log Likelihood statistic is 37.170. This statistic how poorly the model predicts the decisions — the smaller the statistic the better the model. Since, 37.170 is a relatively small number therefore, this model is able to predict the decisions in a better way.

‘ Here Cox & Snell R Square statistic indicates that 53.3% of the variation in the regular participation in chit funds is explained by the logistic model.

‘ In our case Nagelkerke R Square is 0.576, indicating a moderate relationship of 57.6 % between the predictors and the prediction.

‘ If it is less than .05 then, we will reject the null hypothesis and accept the alternative hypothesis.

‘ In this case, we can see that bank loan, safety, flexibility and low commission have contributed signi’cantly to the prediction of regular participation in chit funds but other variables are not significant predictors of regular participation in chit funds.

‘ Since only bank loan has p=.000, therefore we can say that bank loan is the most significant predictor

among other significant predictors. This is followed by safety (p=.011), flexibility (p=.021) and low commission (p=.026).

‘ Here, the EXP (B) bank loan is 11.727. Hence when bank loan is availed by one unit (one person) the odds ratio is 11 times as large and therefore people are 11 more times likely not to regularly participate in chit funds.

‘ Here, the EXP (B) with safety is .928. Hence when safety is increased by one percent the odds ratio is .928 times as large and therefore people are .928 more times likely to regularly participate in chit funds.

‘ Here, the EXP (B) flexibility is 837. Hence when flexibility is increased by one percent the odds ratio is .928 times as large and therefore people are .837 more times likely to regularly participate in chit funds.

‘ Here, the EXP (B) low commission is .831. Hence when flexibility is increased by one percent the odds ratio is .928 times as large and therefore people are .831 more times likely to regularly participate in chit funds.

SUMMARY

Bank loan is the most significant predictor of regular participation in chit funds. This is followed by safety, flexibility and low commission.

Instalment no No of months remaining Monthly subscription Prize amount PV of monthly subscription(PV of outlow at 10%) PV of Prize amount(PV of inflow at 10%) Net Present Value(PV of inflow – PV of outflow)

1 24 2000 50000 2000 50000 10444.9

2 23 1500 35000 1488.1 34723.1 -4832.0

3 22 1500 35000 1476.4 34448.4 -5106.7

4 21 1500 35000 1464.7 34175.9 -5379.2

5 20 1500 35000 1453.1 33905.5 -5649.6

6 19 1500 35000 1441.6 33637.3 -5917.8

7 18 1500 35000 1430.2 33371.2 -6183.9

8 17 1500 35000 1418.9 33107.2 -6447.9

9 16 1620 38000 1520.3 35660.6 -3894.5

10 15 1620 38000 1508.2 35378.5 -4176.6

11 14 1700 40000 1570.2 36945.9 -2609.2

12 13 1700 40000 1557.8 36653.6 -2901.5

13 12 1780 42000 1618.2 38181.8 -1373.3

14 11 1780 42000 1605.4 37879.8 -1675.3

15 10 1780 42000 1592.7 37580.1 -1975.0

16 9 1860 44000 1651.1 39058.2 -496.9

17 8 1860 44000 1638.0 38749.2 -805.9

18 7 1860 44000 1625.1 38442.6 -1112.5

19 6 1940 46000 1681.6 39872.1 317.0

20 5 1940 46000 1668.3 39556.6 1.5

21 4 1940 46000 1655.1 39243.7 -311.4

22 3 1940 46000 1642.0 38933.2 -621.8

23 2 1940 46000 1629.0 38625.2 -929.8

24 1 1940 46000 1616.1 38319.7 -1235.4

25 0 1940 46000 1603.3 38016.5 -1538.6

39555.1 934465.9 -54411.4

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Merit goods best college essay help

Merit goods are goods which will be under-provided by the market, therefore they will be under-consumed. They are thought by the governments to be good for the populations and so the governments want them to be consumed to a great extent. They increase the private and social benefits and cause the social benefit be higher than the private one. The best examples of them, apart from all the public goods, can be the education, health care, sports facilities and the opera.

Although the majority of the merit goods is provided by the private sectors, not all the people can afford buying them, therefore they will be under-consumed. That is why the government is needed to destroy the market failure increasing the supply and consequently raising the consumption.

To explain the reasons for government to provide the merit goods, I need to apply some examples of them. The first one can be the education. It is significant for the governments to provide it so that the society would be well-educated. Governments determine the period of education required for people (the compulsory education) to maintain the proper level of education of the society. The governments find education an important aspect that should be available for everyone as it cause the whole country to have better both economic growth and economic development.

Considering another example such as health care, the situation is quite similar. The governments want to provide the population with it because they care about the high states of health of society in their country. To gain these, the countries need to have high quality of health care. Governments often offer people unpaid programs consisting of preventative medical examination which contribute to maintain the high number of healthy people. This is also connected with the problems of the labour market. The healthier people are, the more efficient their work is, the greater revenue firms have and countries are more developed because of taxations.

Other examples like sport facilities or the opera are meant for people to become physically and culturally developed but their availability is not as important as in the case of the previous examples. That is why they are not as much provided by the governments as the rest of the merit goods.

Although most of the merit goods provided by the governments are free, the fact is that they are paid through the taxes that the societies pay. The number of the merit goods of particular types that the governments provide or subsidize depends on the necessity of them. If they are provided, the societies’ benefits get higher and so is the public treasury of the countries.

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Research proposal: The effect of pregnancy on the adolescent pregnant teen & father college essay help service

Abstract: The purpose for this research paper is to address the adolescent pregnant teen & father and the effects a pregnancy has on both of their lives during and after her pregnancy. How the teens need the support of the family, community, church, and the school system. I will also address the teen father mostly disregarded in any aspect of the teen’s pregnancy and how this affects him, and how both teens need support in our society. How we can address the social problem of teen pregnancy from all avenues.

‘Three issues that have an impact on the pregnant adolescent are discussed education, identity development, and maternal support’ (Turnage & Pharris, 2013). My research focuses on adolescent pregnant teen women 19 years old and younger. It will also reflect the problems of the teen pregnant adolescents journeying thru the process of becoming a teen mother, finishing high school, developing her own identity and the maternal support she gets from her mother during her transition from pregnant teen to motherhood.

‘Several issues that differently influence the pregnant teen is individually based on the female’s chronological age’ (Turnage & Pharris, 2013). ‘For the pregnant adolescent, her pregnancy supersedes high school graduation as the benchmark for her being viewed as an adult’ (Turnage & Pharris, 2013). ‘Failure to graduate high school is associated with poor social and educational outcomes for teen mothers and their children’ (Turnage & Pharris, 2013).

‘While the pregnant adolescent is defining who she is as a person she experiences a transition to the new identity of mother’ (Turnage & Pharris, 2013). ‘During her pregnancy the adolescent’s mother is seen as the primary source of support that contributes to a positive self-image and can assist her in the adapting to the role of parent’ (Turnage & Pharris, 2013).

My research paper will also show how important it is to support the teen during and after pregnancy. It addresses the need for the teen mothers to finish high school, and find her identity. How important it is to have the support system of her mother and family to achieve all of these things. Without these support systems, the pregnant adolescent could end up in poverty, no social skills, homeless and a host of other social problems for her and her baby.

Addressed and examined is teen motherhood and its long-term mental and physical health of the teen mother’ (Patel & Sen, 2012). They used a (PCS) health survey known as SF-12 NLSY79 a study that compared two major comparisons groups of which only teens who experienced teen pregnancy and girls who did not experience teen pregnancy. On average the survey for teen mothers was on average 50.89.

The study to access the health outcome of ‘two major comparison groups, which consisted of women who were only experienced teen pregnancy & women who were having unprotected sexual relation as a teen but did not become pregnant ‘ (Patel & Sen, 2012). Estimated is that teen mothers are more likely to have poor health later in life in the study of all the comparison groups.

Along with support, they desperately need help taking care of an infant as a teen; they need a support system to take notice of how they are managing their health & well-being so that they can be a successful teen parent. In addition, being a teen parent can affect the mother’s mentally as the pressure of being new teen mom can be stressful.

The teen mothers who marry after they give birth to their children statistics state that 30 % of them will not remain in their marriages into their 40’s. This result comes from teen adolescents in a single parent home raising their child. This can put a strain on the teen adolescent because she will financially have to seek support from her family or enter into the welfare system and suffer mental health issues.

‘Adolescent teen mothers identify social support with, parenting and emotional support primary emanating from family members, particularly their own mothers, as well as from the father of the baby (Savio Beers & Lee, 2009)’. ‘Older sisters may play an important role in the support network for adolescent mothers, the supportive sister relationships decrease depressive and anxiety-related symptoms in adolescent mothers (Savio Beers & Lee, 2009).

‘For some adolescent parents, participation in a religious community programs may provide the significant social support and serve as a protective factor’ (Savio Beers & Lee, 2009). This directly stresses the point that without the support of family, community, and church with the support of the father the adolescent teen mother can suffer mental issues, poverty issues, and marriage problems.

We addressed the many issues that teen mothers have to face, so now I would like to address the teen father in our society. What are their concerns on becoming a teen father, and how do they view their role as father where their masculinity is concerned? While most of the research done on teen pregnancy and parenting mainly focusing on the mother, the father is invisible.

Interviewed were 26 young teen fathers in the mid-western American towns. The in depth survey of three themes of gender discord focused on teen father narratives, which took on responsibility, sex, being a man, this is the direct viewpoint of the invisible teen father. What they feel about getting a teen girl pregnant and what responsibility they take in the pregnancy if any. How they relate to getting a teen pregnant and how that affects his identity as a man and their masculinity.

‘Gendered assumptions regarding pregnancy and contraception’specifically that women are in charge of preventing pregnancy and they have the belief that male sexuality is uncontrollable; and that use of love and intimacy talk (Weber, J. B., 2013). The teen fathers that took the questionnaire did not blame themselves for getting the teen girl pregnant. They see the teen’s pregnancy as her problem.

Studies suggest that teen fathers are more likely to be of a minority race. He has a mother who had a baby as a teen; his parents have a minimal education. His parents do not have high expectations of him finishing school; all of these factors result in the likelihood that makes him a candidate to becoming a teenage father. ‘The research states that the teen fathers go to school fewer years less than non-teenage fathers (Fletcher & Wolfe, 2011).

‘Evidence shows that men who have children before marriage leave school earlier and have worse labor markets outcomes’ (Fletcher & Wolfe, 2011). ‘Data was used only on young men who reported a pregnancy as an adolescent’ (Fletcher & Wolfe, 2011). It affects his completion of high school.

It also affects his ability to take care of the teen mother & baby, which causes him to drop out of school early. Statistically, ‘teen fathers work more hours and earn more money following the birth of a child then his non-parent counterparts’ (Fletcher & Wolfe, 2011). Teen fatherhood results in the teen father getting married early or co-habitation with the teen mother.

In conclusion, teen pregnancy is a social problem in the United States both teens will have to suffer in their education, grow up before their time, take on adult responsibilities, and suffer financial problems to take care of the child. Which ultimately falls on the parents of the teens, society or the welfare system in which the teen mother becomes a social statistic or shall I say a number.

Teen pregnancy as of 2014 have been on the decline in the United States and increased in other states, however a positive support system for both teens is minimal at best. Socially as communities, churches and government we have to take an active role in education of abstaining from sex, talking to the teens about sex, and protecting themselves against pregnancy.

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Reconnaissance attacks in IPv6 networks college application essay help online

2.1.1 Reconnaissance attacks in IPv6 networks

The 1st larger attack in IPv6 is usually a reconnaissance attack. An attacker try reconnaissance attacks to get some confidential information about the victim network that can be misused by the attacker in further attacks. For this he uses active methods, such as scanning techniques or data mining strategies. To start, an intruder begins to ping the victim network to determine the IP addresses currently used in the victim network. After getting some of the accessible system, he starts to scan the port to find out any open port in the desired system. The size of subnet is bigger than that of the in IPv4 networks. To perform a scan for the whole subnet an attacker should make 264 probes and that???s impossible. With this fact, IPv6 networks are much more resistant to reconnaissance attacks than IPv4 networks. Unfortunately, there are some addresses which are multicast address in IPv6 networks that help an intruder to identify and attack some resources in the target network.

2.1.2 Security threats related to IPv6 routing headers

As per IPv6 protocol specification, all of the IPv6 nodes must be able to process routing headers. In fact, routing headers can be used to avoid access controls based on destination addresses. Such action can cause security effects. It may be happen that an attacker sends a packet to a publicly accessible address with a routing header containing a ???forbidden??? address on the victim network. In such matter the publicly accessible host will forward the packet to the destination address stated in the routing header even though that destination is already filtered before as a forbidden address. By spoofing packet source addresses an intruder can easily perform denial of service attack with use of any publicly accessible host for redirecting attack packets.

2.1.3 Fragmentation related security threats

As per IPv6 protocol specification, packet fragmentation by the intermediate nodes is not permitted. Since in IPv6 network based on ICMPv6 messages, the usage of the path MTU discovery method is a duty, packet fragmentation is only allowed at the source node.1280 octets is the minimal size of the MTU for IPv6 network. The packets with size less than 1280 octets to be discarded unless it???s the last packet in the flow as per security reasons. With use of fragmentation, an attacker can get that port numbers not found in the first fragment and thus they bypass security monitoring devices expecting to find transport layer protocol data in the very first fragment. An attacker will send a huge amount of small fragments and create an overload of reconstruction buffers on the victim system which resulted to the system crash. To prevent system from such attacks it???s necessary to bound the total number of fragments and their permissible arrival rate.

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WMBA 6000-13 Topic: Course Evaluation essay help site:edu

WMBA 6000-13

Topic: Course Evaluation

Date: March 2, 2014

Based on the assigned readings for this course (Dynamic Leadership), I have read an enormous amount of information about the different categories of leaders and leadership styles. Today’s leaders are different from the leaders of twenty to fifty years ago. In the past leaders gave commands and they controlled the actions of others. Today leaders are willing to involve others in their decision making and they are more open to new possibilities.

A good leader has a vision for their organization and they know how to align and engage employees in order to promote collaboration. The successful leader knows how to lead by using superior values, principles and goals that fit the organization’s values, principles and goals. Also these leaders know that leadership is not made from authority, it’s made from trust and followership. Coleman, J., Gulati, & Segovia, W.O. (2012)

I am impressed most by the characteristics of the authentic leader because they know how to develop themselves; they use formal and informal support networks to get honest feedback in order to drive long-term results. Authentic leaders build support teams to help them stay on course and counsel them in times of uncertainty. George, B., Sims, P., Mclean, A.N. & Mayer D. (2007)

In addition, I found the Leadership Code to be important because it provides structure and guidance and helps one to be a better leader by not emphasizing one element of leadership over another. Some focus on the importance of vision for the future; others on executing in the present; others on personal charisma and character; others on engaging people’; and others on building long-term organization. The code represents about 60 to 70 percent of what makes an effective leader. Ulrich, D., Smallwood, N., Sweetman, K. (2008)

The information that I acquired from this course will help me to pursue the goal of owning a beauty supply business. Another goal that I can add to my action plan is to include not only wigs and welted hair, but I will add hair, skin and nail products to my inventory. A future goal will be to add handbags and accessories as well.

After completing my short-term goal of finishing my MBA, I can take the knowledge from this course along with my values, ethics and principles to help me to manage employees and operate a successful business. Annie Smith (March 2, 20

Coleman, J. G. (2012). Educating young leaders. Passion and Purpose , 197-202.

George, B. S. (2007). Discovering your authentic leadership. Harvard Business Review , 129-138.

Lyons, R. (2012). Dean of Haas of School of Business University of California, Berkely. It’s made from followership. (J. G. Cole, Interviewer) Coleman, J., Gulati, D., & Segovia, W.O.

Ulrich, D. S. (2008). Five rules of leadership. In The leadership code five rules to lead by. Defining Leadership Code , 1-24.

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Family presence during CPR (cardiopulmonary resuscitation) instant essay help

In a pre-hospital setting, there are few moments that are as intense as the events that take place when trying to save a life. Family presence during these resuscitation efforts has become an important and controversial issue in health care settings. Family presence during cardiopulmonary resuscitation (CPR) is a relatively new issue in healthcare. Before the advent of modern medicine, family members were often present at the deathbed of their loved ones. A dying person’s last moments were most often controlled by his or her family in the home rather than by medical personnel (Trueman, History of Medicine). Today, families are demanding permission to witness resuscitation events. Members of the emergency medical services are split on this issue, noting benefits but also potentially negative consequences to family presence during resuscitation efforts.

A new study has found that family members who observed resuscitation efforts were significantly less likely to experience symptoms of post-traumatic stress, anxiety and depression than family members that did not. The results, published in an online article in The New England Journal of Medicine, entitled ‘Family Presence during Cardiopulmonary Resuscitation,’ were the same regardless of the survival of the patient. The study involved 570 people in France whose family members were treated by emergency medical personnel at home. These EMS teams were unique in that they were comprised of a physician, a nurse trained in emergency medicine, and two emergency medical technicians. The study found that the presence of relatives did not affect the results of CPR, nor did it increase the stress levels of the emergency medical teams. Having family present also did not result in any legal claims after the incidents occured. While the unique limitations of the study warrant consideration, the results show a definite benefit in having families stay during CPR (Jabre Family Presence).

Historically, although parents of children have been allowed to be present for various reasons, relatives of adult patients have not. As medical practices change to increasingly involve family in the care of patients, growing numbers of emergency medical practitioners say that giving relatives the option of watching CPR can be a good idea. Several national organizations, including The American Heart Association, have revised their policies to call for giving family members the option of being present during CPR (AHA Guidelines for CPR). Witnessing CPR, say some emergency medical experts and family members, can take the mystery out of what could be a potentially terrifying experience. It can provide reassurance to family members that everything is being done to save their loved ones. It also can offer closure for relatives wanting to be with their family members until the last minute (Kirkland Lasting Benefit). Another benefit is that it shows people why reviving someone in cardiac arrest is much less likely than people assume from watching it being done on television (Ledermann Family Presence During). Family members who can truly understand what it means to ‘do everything possible’ can go on to make more informed decisions about end-of-life care for themselves or their families.

There are three perspectives on this issue- that of the emergency medical personnel providing care, the family, and the patients. The resistance on the part of the medical community to family presence during CPR stems from several different concerns. The most common concern among these is that family members, when faced with overwhelming fear, stress and grief, could disrupt or delay active CPR. Another concern raised by emergency medical personnel is that the realities of CPR may simply be too traumatic for loved ones, causing them to suffer more than they potentially would have if they had never witnessed the event. Some families share this view, citing the potential for extreme distress as a main reason for not wanting to witness resuscitation (Grice Study examining attitudes). Many emergency medical personnel also fear an increased risk of liability and litigation with family members present in the room (Fullbrook the Presence of Family). The worry is that errors can occur, inappropriate comments may be made, and the actions of the personnel involved may be misinterpreted. In an already tense situation, the awareness of the family could increase the anxiety of the personnel and create a greater potential for mistakes.

Another complication that arises from having families present during resuscitation attempts is that of patient confidentiality. The patient’s right to privacy should not be circumvented with implied consent. There is always the possibility that medical information previously unknown to the family may be revealed in the chaos of resuscitation. In addition, patient dignity, whether physical or otherwise, may become compromised (Fullbrook the Presence of Family). Beyond moral considerations, legal concerns regarding revealing patient information are real. This could become an even larger issue if there is no one available to screen witnesses, which could result in unrelated people gaining access to personal information. Eventually, a breach in confidentiality can lead to a breach in the confidence that the public has gained in pre-hospital emergency care.

Family presence during CPR in a pre-hospital setting remains a highly debatable topic. This could be largely due to the fact that the needs of the emergency medical providers and the rights of the patients can be at odds with the wishes of the family members. Although there are several possible reasons why family presence is not being welcomed into daily practice, one of the major reasons could be the lack of formal written policies that define the roles of families and providers placed into this situation. Bringing family members into a situation where CPR is being performed on a loved one should not happen haphazardly. It should happen with careful concern and support for everyone involved. Policies and protocols, defined by experienced personnel, can provide legal and emotional support. They can also potentially help ease anxiety by defining expectations and placing responsibility in the hands of people who are experienced enough to know how to handle the situation appropriately. The policies and protocols should address the basic needs of all people involved. Five basic needs should be addressed:

1. The number of people allowed to be present

2. Which relatives should be allowed to be present (age, relationship, etc.)

3. The role of the family members present and what is expected of them.

4. The place where the family should remain during the duration of CPR.

5. The formal wishes of the patient- written as a directive like a living will.

An important component of this is available, trained staff that can prepare the family members for what they will witness, support them through the event, and then direct them after the event’s conclusion.

The American Heart Association states that the goals of cardiopulmonary resuscitation are, ‘to preserve life, restore health, relieve suffering, limit disability, and respect the individual’s decisions rights and privacy’ (AHA Guidelines for CPR). The practice of offering family members the opportunity to be present during CPR is a controversial ethical issue in emergency medical services. While the results of the study published on this topic in The New England Journal of Medicine clearly show no negative side effects from having families present during resuscitation attempts, the limitations of the study lend to the need for more research before it could be universally accepted.

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Respondeat Superior extended essay help biology

Legal claims that derive from a situation where there are claims of negligence can sometimes involve an entity other than the neglectful parties. In certain circumstances employers are fully responsible for their employees, and the tasks they perform during working hours. During the course of this paper, the doctrine of respondeat superior will be defined and explained. Two case studies in which the doctrine was applied will also be analyzed to determine if it was applied correctly.

Respondeat superior is a legal theory that holds employers responsible for any negligent or harmful act performed by an employee during the commission of their employment duties (Thornton, 2010). The Maryland Supreme Court in 1951 was the first court to utilize respondeat superior in a court case involving a question of employer liability (Burns, 2011). This doctrine is important as it holds employers liable in court cases where one of its employees does harm to an individual. Vicarious liability and indirect liability are two base concepts that make-up respondeat superior (Thornton, 2010). Respondeat superior shows that the employer did not have to be responsible for the employee???s negligent behavior, in the form of improper training or instruction to perform harmful acts, in order for the employer to be held legally responsible.

In the case of Valle v. City of Houston, the police force was sued for excessive force and an illegal search in an attempt to remove an individual from his parent???s home (Nicholl & Kelly, 2012). The situation stemmed from a man, Omar Esparza, barricading himself in his parent???s home and refusing to come out (p. 285). After a long police standoff, the SWAT team was ordered to forcefully enter the home and remove Mr. Esparza (p. 285). The SWAT team utilized taser gun and bean bag ammunition in an attempt to subdue Mr. Esparza after they felt he posed a physical threat by wielding a hammer, but as those attempts failed the suspect was fatally wounded when an officer fired his weapon (p. 286). Shortly after the incident the mother was allowed into the home, and she reported no visible evidence that her son was possession of a hammer (p. 286). The court found that the city was not liable for damages under the theory of respondeat superior, because the order to remove the individual from the home was not made by an individual deemed as a decision-maker by the city (p. 286).

From the outside, this case seems to fit the theory of respondeat superior. As the employer, the city should be held responsible for the actions of its employees. The police, serving as the city???s employees acted in a manner that was unnecessary for the situation and in conflict of their training (p. 286). However, the court sided with the City of Houston because the chain of command was not followed in regards to the use of force (p. 286). The end result is a case where an individual made a decision that was not his to make; that ultimately cost a man his life.

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Psychological Egoism And Ethical Egoism Summary And Response Essay Help

I have always looked at myself as an unselfish person with a good sense of empathy towards my friends and other people. I have always thought about egoism as something solely negative. That was before I knew the true meaning and concept of the word. Now I am no longer so sure; is it possible to be an absolute altruist? Is it possible to keep going on an absolute altruistic line of life without any egoistic subsidiary interference?

Psychological egoism is a human beings factual motivation in life. Psychological egoism builds around that our intended actions are always controlled by our own interests, wishes and motives. We are motivated by a wish to accomplish a sort of self-fulfillment, meaning that our actions in all aspects of our lives (from buying a sandwich because we are hungry, to studying for an exam to get a good grade) are all done because it is for our own beneficial interests, wishes and motives.

The definition for ethical egoism is basically ‘how we ought to act’. Ethical egoism builds itself around the idea that the best way to promote collective reimbursement, is to follow self-interests. By always striving for our own personal self-fulfillment a person will better be able to promote what is in the best interest of the community, more so than always striving to promote the community’s interests. A person is able to hold a sociable role that supports the general public by taking care of his or her own well-being and self-interest first.

The relationship between psychological egoism and ethical egoism is very clear. Since ethical egoism states that the best way to promote the welfare of others is by promoting your own self-interest, they kind of go hand in hand. But they are different since psychological egoism focus only on self-fulfillment and self-interest. The term ego means self. A body without an ego is just empty, without a soul. To deny one’s own ego is to deny one’s own mental existence, which is naturally not good for one’s mental health. To have a good mental health involves being an integrated and harmonized human being. This anticipates that you are an egoist. Without good mental health and personal harmony one does not make the right choices for either yourself or the welfare of other people around you.

The word altruism was first used by the French philosopher, Auguste Comte. Every human beings moral purpose is to serve others well-being on the expense of your own values. Altruism considers personal interest as something negative. Self-interest is per definition unmoral. It seems like being an altruist is to go against one’s self and breaking the connection between actions and beliefs, interests, and moral thoughts. It seems that in the altruistic model one constantly is trying to please other people and letting other’s needs and interests control their own actions. By always doing this there will be a constant split between one’s actions and one’s ego, making it very hard to be a harmonized human being. Being raised in an altruistic way seems to like living in a constant conflict with one’s self. By living a life of constant conflict with one’s self, there must be a big chance of developing poor self-confidence and irrational guilt.

Guilt is something you experience when something is in conflict with your own moral belief. Rational guilt is to feel guilt when one actually harms others. That type of guilt is good, because it aids learning to show consideration when it comes to others and their feelings. But irrational guilt, feeling guilty when you have not done anything wrong, is never positive. By reflecting about altruism, the feeling that altruism can create guilt in times when one does not do what other people want becomes apparent. That could make it very hard to say no, which lead to situations of victimization and being taken advantage of. In many situations in life, it is important to have a self-defense to protect one ‘s self and interests. The concept of a self-defense will always be egoistic, and involves the sub consciousness sense what is right or wrong. If a person believes that it’s wrong to think about themselves and feel guilty to do acts that are in their own interests, it gets very hard to make the right decisions. It makes you self-destructive to feel irrational guilt all the time. One has no emotional support for your own actions. To have personal opinions, it’s necessary to have sub-conscious support. The sub-consciousness needs to work for the personal best interest, because if the sub-consciousness gives priority to other’s beliefs, it will increase one’s sensitivity to criticism. To be sensitive to criticism is the same as being sensitive to other people’s thoughts.

It might seem logical that collectivism and altruism are important values to collaborate socially. This is completely wrong. Social competence is a quality of the individual. To work socially is to work as an individual in relation to other people, and to work as an individual one needs to be an egoist. It is not possible to become social by denying one’s ego. Altruistic behavior makes it easier for other people to manipulate feelings and actions. Confidence anticipates that one can trust their own sub-consciousness. Insecurity is driven by a lack of support from the sub-conscious. An altruistic belief leads to being very influenced by other people’s beliefs, and becoming insecure in social situations. It is also hard to work socially, if one is sensitive to criticism, and feel irrational guilt. Altruism makes one a target of outside control, which makes a self-controlled life problematic.

In conclusion, there is little to no room for altruism where egoism dominates. Altruists get motivated by what other people believe is best, and it seems like they need to be part of a collective were they can agree with others and feel safe. By having this as a priority the world would not develop without egoism, because to gain full potential one needs a sense of inner motivation to reveal their talents and gain a knowledge of who they really are and of what they as a single person can become capable.

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Family presence during CPR (cardiopulmonary resuscitation) instant essay help

In a pre-hospital setting, there are few moments that are as intense as the events that take place when trying to save a life. Family presence during these resuscitation efforts has become an important and controversial issue in health care settings. Family presence during cardiopulmonary resuscitation (CPR) is a relatively new issue in healthcare. Before the advent of modern medicine, family members were often present at the deathbed of their loved ones. A dying person’s last moments were most often controlled by his or her family in the home rather than by medical personnel (Trueman, History of Medicine). Today, families are demanding permission to witness resuscitation events. Members of the emergency medical services are split on this issue, noting benefits but also potentially negative consequences to family presence during resuscitation efforts.

A new study has found that family members who observed resuscitation efforts were significantly less likely to experience symptoms of post-traumatic stress, anxiety and depression than family members that did not. The results, published in an online article in The New England Journal of Medicine, entitled ‘Family Presence during Cardiopulmonary Resuscitation,’ were the same regardless of the survival of the patient. The study involved 570 people in France whose family members were treated by emergency medical personnel at home. These EMS teams were unique in that they were comprised of a physician, a nurse trained in emergency medicine, and two emergency medical technicians. The study found that the presence of relatives did not affect the results of CPR, nor did it increase the stress levels of the emergency medical teams. Having family present also did not result in any legal claims after the incidents occured. While the unique limitations of the study warrant consideration, the results show a definite benefit in having families stay during CPR (Jabre Family Presence).

Historically, although parents of children have been allowed to be present for various reasons, relatives of adult patients have not. As medical practices change to increasingly involve family in the care of patients, growing numbers of emergency medical practitioners say that giving relatives the option of watching CPR can be a good idea. Several national organizations, including The American Heart Association, have revised their policies to call for giving family members the option of being present during CPR (AHA Guidelines for CPR). Witnessing CPR, say some emergency medical experts and family members, can take the mystery out of what could be a potentially terrifying experience. It can provide reassurance to family members that everything is being done to save their loved ones. It also can offer closure for relatives wanting to be with their family members until the last minute (Kirkland Lasting Benefit). Another benefit is that it shows people why reviving someone in cardiac arrest is much less likely than people assume from watching it being done on television (Ledermann Family Presence During). Family members who can truly understand what it means to ‘do everything possible’ can go on to make more informed decisions about end-of-life care for themselves or their families.

There are three perspectives on this issue- that of the emergency medical personnel providing care, the family, and the patients. The resistance on the part of the medical community to family presence during CPR stems from several different concerns. The most common concern among these is that family members, when faced with overwhelming fear, stress and grief, could disrupt or delay active CPR. Another concern raised by emergency medical personnel is that the realities of CPR may simply be too traumatic for loved ones, causing them to suffer more than they potentially would have if they had never witnessed the event. Some families share this view, citing the potential for extreme distress as a main reason for not wanting to witness resuscitation (Grice Study examining attitudes). Many emergency medical personnel also fear an increased risk of liability and litigation with family members present in the room (Fullbrook the Presence of Family). The worry is that errors can occur, inappropriate comments may be made, and the actions of the personnel involved may be misinterpreted. In an already tense situation, the awareness of the family could increase the anxiety of the personnel and create a greater potential for mistakes.

Another complication that arises from having families present during resuscitation attempts is that of patient confidentiality. The patient’s right to privacy should not be circumvented with implied consent. There is always the possibility that medical information previously unknown to the family may be revealed in the chaos of resuscitation. In addition, patient dignity, whether physical or otherwise, may become compromised (Fullbrook the Presence of Family). Beyond moral considerations, legal concerns regarding revealing patient information are real. This could become an even larger issue if there is no one available to screen witnesses, which could result in unrelated people gaining access to personal information. Eventually, a breach in confidentiality can lead to a breach in the confidence that the public has gained in pre-hospital emergency care.

Family presence during CPR in a pre-hospital setting remains a highly debatable topic. This could be largely due to the fact that the needs of the emergency medical providers and the rights of the patients can be at odds with the wishes of the family members. Although there are several possible reasons why family presence is not being welcomed into daily practice, one of the major reasons could be the lack of formal written policies that define the roles of families and providers placed into this situation. Bringing family members into a situation where CPR is being performed on a loved one should not happen haphazardly. It should happen with careful concern and support for everyone involved. Policies and protocols, defined by experienced personnel, can provide legal and emotional support. They can also potentially help ease anxiety by defining expectations and placing responsibility in the hands of people who are experienced enough to know how to handle the situation appropriately. The policies and protocols should address the basic needs of all people involved. Five basic needs should be addressed:

1. The number of people allowed to be present

2. Which relatives should be allowed to be present (age, relationship, etc.)

3. The role of the family members present and what is expected of them.

4. The place where the family should remain during the duration of CPR.

5. The formal wishes of the patient- written as a directive like a living will.

An important component of this is available, trained staff that can prepare the family members for what they will witness, support them through the event, and then direct them after the event’s conclusion.

The American Heart Association states that the goals of cardiopulmonary resuscitation are, ‘to preserve life, restore health, relieve suffering, limit disability, and respect the individual’s decisions rights and privacy’ (AHA Guidelines for CPR). The practice of offering family members the opportunity to be present during CPR is a controversial ethical issue in emergency medical services. While the results of the study published on this topic in The New England Journal of Medicine clearly show no negative side effects from having families present during resuscitation attempts, the limitations of the study lend to the need for more research before it could be universally accepted.

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Respondeat Superior extended essay help biology

Legal claims that derive from a situation where there are claims of negligence can sometimes involve an entity other than the neglectful parties. In certain circumstances employers are fully responsible for their employees, and the tasks they perform during working hours. During the course of this paper, the doctrine of respondeat superior will be defined and explained. Two case studies in which the doctrine was applied will also be analyzed to determine if it was applied correctly.

Respondeat superior is a legal theory that holds employers responsible for any negligent or harmful act performed by an employee during the commission of their employment duties (Thornton, 2010). The Maryland Supreme Court in 1951 was the first court to utilize respondeat superior in a court case involving a question of employer liability (Burns, 2011). This doctrine is important as it holds employers liable in court cases where one of its employees does harm to an individual. Vicarious liability and indirect liability are two base concepts that make-up respondeat superior (Thornton, 2010). Respondeat superior shows that the employer did not have to be responsible for the employee???s negligent behavior, in the form of improper training or instruction to perform harmful acts, in order for the employer to be held legally responsible.

In the case of Valle v. City of Houston, the police force was sued for excessive force and an illegal search in an attempt to remove an individual from his parent???s home (Nicholl & Kelly, 2012). The situation stemmed from a man, Omar Esparza, barricading himself in his parent???s home and refusing to come out (p. 285). After a long police standoff, the SWAT team was ordered to forcefully enter the home and remove Mr. Esparza (p. 285). The SWAT team utilized taser gun and bean bag ammunition in an attempt to subdue Mr. Esparza after they felt he posed a physical threat by wielding a hammer, but as those attempts failed the suspect was fatally wounded when an officer fired his weapon (p. 286). Shortly after the incident the mother was allowed into the home, and she reported no visible evidence that her son was possession of a hammer (p. 286). The court found that the city was not liable for damages under the theory of respondeat superior, because the order to remove the individual from the home was not made by an individual deemed as a decision-maker by the city (p. 286).

From the outside, this case seems to fit the theory of respondeat superior. As the employer, the city should be held responsible for the actions of its employees. The police, serving as the city???s employees acted in a manner that was unnecessary for the situation and in conflict of their training (p. 286). However, the court sided with the City of Houston because the chain of command was not followed in regards to the use of force (p. 286). The end result is a case where an individual made a decision that was not his to make; that ultimately cost a man his life.

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Money Markets Summary And Response Essay Help

Money market refers to the investment in short term because the assets which are bought and sold with maturities within a year. Normally, they can be converted into cash easily. The examples of money market’s instruments are bank deposits, certificates of deposit, interbank loans, money market mutual funds, commercial paper, treasury bills, and securities lending and repurchase agreements (repos). (Dodd, R., 2012). Interbank loans are loans between banks which are not secured by collateral. Commercial paper is a promissory note as an unsecured debt that issued by highly rated banks and some large non-financial corporations. Some safer investments in the money market are treasury bills and repurchase agreements (repos). T-bills are securities issued by the government with maturities of less than a year as it is covered by securities laws while Repos are usually less than two weeks and often overnight. Besides that, money market mutual fund (MMMFs) is another instrument in money market which are securities offered by companies that invest in other money market instruments. Furthermore, asset-backed commercial paper (ABCP) is another money market instrument which is safer compare to the ordinary commercial papers because it is secured by the underlying assets. During financial crisis, these money market instruments are greatly affected and show a big downturn. They are helped by the country treasury and the federal reserved. These agencies created special lending for them to overcome the crisis. Today, some of the money market like ABCP and REPO has shrunk dramatically. (Dodd, R., 2012).

The interest rates and calendar-time effects do affect both the MMFs and bank deposits cash flow for either the institutional or retail investors. (Kotomin,V., et al., 2014) The research found out that institutional money fund investors appear to take advantage of arbitrage opportunities created by the MMFs using the amortized cost valuation technique. A key test variable is used which call ‘Spread’. It is used to measure the direction and magnitude of changes in short-term interest rates and thus capture potential arbitrage opportunities in the money markets arising due to recent changes in interest rates. When Spread is positive, investors would earn a higher rate of return in the alternative investment but when Spread is negative, investors will earn a higher return in MMFs. This shows Spread and MMF flows have a negative relation. (Kotomin,V., et al., 2014) The research on calendar-time effect found out that calendar time effects make money market investors are willing to forego some return to strategically time their cash flows to meet calendar-based cash obligations. Both retail and institutional MMFs moved cash out of MMFs before calendar break points associated with cash obligations and move back into MMFs following the break points. The cash which taken out from the MMFs tend to flow into bank demand deposits. (Kotomin,V., et al., 2014).

The average maturity of the fund will be shortened in order to increase the yield faster if the interest rates are expected to increase and vice versa. Therefore, managers who possessed this ability to anticipate forthcoming movements in the market are able to address the adverse impact and exploit the opportunities available. (Mansur, I., Odusami, B., & Nasseh, A, 2011) The data being used in this study are weekly 90-day T-bill yields and weekly one-month AA financial CP rates. Besides that, they also obtained the weekly weighted average maturity (WAM) on all taxable MMMFs. The results show that weekly changes in WAM have a negative correlation with changes in CP yields and there is no relationship between changes in WAM and changes in T-bill yields. Then, further investigation is made to find out the relationship between interest rates and WAM by applying Granger causality tests. The results showed that the T-bill market is highly efficient. This is because investors cannot gain any deeper understanding by analyzing the maturity structure of MMMFs for information that is not reflected in the T-bill rates.(Mansur, I., Odusami, B., &Nasseh, A, 2011).

There are two theories for bank run their subject of academic and regulatory which are Diamond and Dybvig and the second theory is run in rationally driven by information. The prime money fund is category to give the explanation about covariates of the money fund run, because this category is by far and is most effective by the money fund crisis. The institutional investor moved their money in the same time or later one day in or out of prime money market, especially in the complex within same fund. Besides that, we also find that investment is sensitive no easy to liquidity the money fund holding; correlated flow less happen money fund with greater level of security mutual period is short ‘term. In the other hand, the money fund runs at ‘deep pocket backing’ ,this is indicate with investor infer the fund is guaranteed by their management company and the institution investor, for the most part, moved their money into the U.S government .

According to Fecht, Gr??ner and Hartmann (2007) banks contribute to inter-regional risk sharing. They recommend that the risk sharing depends on the size of the interbank market through secured and unsecured interbank trading. Using LIBOR for some currencies, Kotomin et al. (2008) mentioned the liquidity preference at the end of the year or trimester is the main factor that drives the interest rates’ behavior on short term. Cerrato et al. (2010) discovered that the Euro zone monetary policy is transmitted into CEE interest rates by the framework of the influence of global monetary shocks. Besides, they discovered the presence of structural breaks at the beginning of financial crisis for almost all rates which present long memory. The long run equilibrium relationship between the overnight rates and the corresponding 1 month and 3 month rate was found. From Gregory-Hansen test, these are valid in the presence of a structural break in integrating relationship between the interbank money markets.

The risk-taking behaviour of money market funds during the financial crisis of 2007-2010 was examined by Kacperczyk, M. and Schnabl, P. (December 2012). Starting at August 2007, money funds experienced an extension in their risk-taking opportunities. The analysis shows that ‘fund flows are extremely responsive to past returned and one-standard-deviation increase in fund returns raises annualized fund assets by 46%.’ which makes money market funds had strong incentives to take on risk. (Kacperczyk, M. and Schnabl, P.) The characteristic that predicts risk taking is if fund sponsors has interests in businesses (business concerns) who will reduce risk and a fund sponsor’s financial strength who found that greater financial strength increases risk taking. Other (unobserved) sponsor characteristics, like quality of risk management, risk aversion, investment style, or access to private information would directly affect risk taking. In September 2008, the government introduced unlimited deposit insurance, which effectively replaced the sponsors’ role in providing support that makes the differences in risk taking become smaller. Money market funds lack safety relative to other safe instruments because when the opportunity increases the incentives to take on risk is high but they are vulnerable to runs once the risk materializes.

The demand deposit contracts in open-end mutual fund are same with the bank which can cause the investor withdraw the money from time to time. The higher return was provided by evidence that pursuit to motivate the investors reacting to bad by withdrawing the money. The fund can outperform from the other fund as long as liquidity in the higher market by investing illiquid asset. When investing less liquid asset, the narrow structure of money market fund and make them weak to run. The study also included the risks which involve in investment in illiquid assets when the open-ended structure is involved. Besides that, it was present the run are possible in the money market. The financial intermediaries were given to reform the regulation of the money market fund in U.S and Europe to archive the target for stability the money market fund. Before financial crisis, there only have limited information about asset composition of German money market fund was able to the public and not standardized. The insurance provide with a fund issuer might play on the important role in the stability of money market fund. Money market also is a set large remain stable in the U.S where an implicit insurance is provided.

The sterling overnight money market is important to implement the monetary policy. The development of sterling overnight markets can be sum up into an increased sensitivity of bank liquidity risk and credit risk, introduction of the ‘floor’ system; reduced volatility in overnight interest rates after introducing floor’ system, a drop and growth in unsecured and secured money market activity respectively, introduction of international prudential liquidity regulations andchanging incentives to arbitrage overnight interest rates.(Jackson, C., &Sim, M, 2013). The Bank has introduced a ‘floor system, whereby all reserves account balances were recompense at Bank Rate. Banks preferred to transact among themselves instead of using the money market to manage liquidity which shows that they are more sensitive to credit and liquidity risk. The unsecured interbank trading has dropped drastically after the introduction of the floor system and increase in reserves. After the reinforcement of prudential liquidity regulation, banks have dramatically reduced their use of wholesale unsecured market. They use a longer-term funding combine and hold reserves at the central bank to manage liquidity needs (Jackson, C., &Sim, M, 2013).

The markets for federal funds and Eurodollars are the two core components of the dollar money market which relate for both financial analysis and the execution of monetary policy. The degree of integration of the federal funds and the Eurodollar markets is also important for the implement and transmission of monetary policy. This paper provides a detailed analysis of the extent of integration of the markets for federal funds and for Eurodollar deposit by using a new set of transactional-level data which gained from one of the largest U.S based dollar markets brokers and detailed empirical modelling of the daily and intra-day behaviour of federal fund and Eurodollar interest spread. Besides that, this paper also significant the liquidity effects of money market. The higher money market trading volume lowers the volatility of spreads which keeping federal funds and Eurodollar yields more close. Furthermore, daily news on money market conditions as captured by results of morning Federal Reserve open market auctions are absorbed quickly within a couple of hours into yield spreads was shown. Close integration of federal funds and Eurodollar trading has two immediate implications which are from the standpoint of financial analysis and the standpoint of policy design and analysis of the transmission of monetary policy.

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Literature review: Defining services mba essay help

LITERATURE REVIEW – Defining services. The services marketing literature contains many definitions of services.

Christian Gr??nroos (2000, p. 46) defines a service as ‘ a process consisting of a series of more or less intangible activities that normally, but not necessarily always, take place in interactions between the customer and the service employees and/or physical resources or goods and/or systems of the service provider, which are provided as solutions to customer problems’.

Philip Kotler (1991) defines services as: ‘any act or performance that one party can offer to another one that is essentially intangible and does not result in the ownership of anything. It’s production may or may not be tied to a physical product.

However, there are some common features in all of these definitions. At first, these commonalities refer to the fact that services deal with something that is intangible. This means that it is difficult to hold or to stock services.

Services are originally intangibles and relatively quickly perishables activities whose buying, which does not lead to material possession, takes place in an interactive process aimed at creating customer satisfaction.

The nature of service

In general, services are intangibles. The intangibility feature is most dominant when defining services. It determines the other characteristics of services; simultaneous production and consumption, heterogeneity and perishability. Given the lack of material possession, the inability to own a service is also considered to be a characteristics of services. Consequently, creating a service usually requires the presence and participation of the customer during the production and consumption of the service. This two-sided human influence on the service often leads to a fluctuating quality of the service. Thus, controlling service quality, motivating employee to deliver service quality and the introduction of technology (especially ICT) are some of the important ways to avoid heterogeneity in service quality.

These characteristics of services are frequently referred to as the five I’s of services. Berkowitz et al. (1986, pp.608-610) discussed the four I’s which are intangibility, inseparability, inconsistency, inventory and the fifth I, the inability to own based on the 2004 Lovelock and Gummesson article. Each of these characteristics are considered to be relative and exist in all services, but some will be more important than others depending on the service.

‘ Intangibility : as a degree of intangibility

‘ Inseperability :as a degree of simultaneous production and consumption

‘ Inconsistency : as a degree of heterogeneity

‘ Inventory : as a degree of perishability; and

‘ Inability : as a degree of the lack of ownership

What is quality

The application of quality to the management of services is very important and the way that it has been achieved is to drawn upon and adapt a number of approaches already in use in other contexts. Before we can investigate service quality specifically, we need to understand the various definitions and approaches to quality that exist in the wider social and business environment. This will allow some understanding of where current issues in the application of quality to services have arisen. We know that quality can be viewed from many different points of view. Garvin (1988) presented five different approaches quality is viewed as well as providing a framework for appreciating some of the problems associated with service quality. These different ways of looking at quality are :

‘ Transcendent-based

‘ Attribute-based

‘ User-based

‘ Manufacturing-based

‘ Value-based

Transcendent-based quality

According to this approach quality cannot always be defined and is partly the result of individual rather than shared experienced. This ability to understand what something is but not be able to describe it is characteristic of something known as an ‘ epiphenomenon ‘. The way we get around this problem is to use either comparators or attributes.

Attribute-based quality

Quality is zero defects ‘ doing it right the first time (Parasuraman, Zeithaml and Berry, 1985).

The attribute-based approach maintains that quality is a direct outcome of the number of features or attributes of a product. The product with more attractive attributes is higher quality. This approach suggests that quality is an objective and absolute terms and therefore measurable. The problem is that is the characteristics of services prevent ‘ side by side ‘ comparison. Similarly, even if you could identify all the attributes of the services you were assessing, your assessment wouldn’t be completed until the service ended, or the service benefit is reveal.

User-based quality

Quality is the fitness for use, the extent to which the product successfully serves the purpose of the user during usage (Juran, 1974).

The problem of course is that this approach to quality is highly subjective because every user has a different view of quality. In reality we are dealing with perceived quality, which is not a totally reliable indicator of actual quality.

Manufacturing-based quality

Quality is conformance to requirements (Crosby, 1983).

Quality following this approach is considered entirely in terms of conformance to a previously set standards.

Value-based quality

Quality is exceeding what customers expect from the service (Zeithaml, Parasuraman and Berry, 1990).

The value based approach sees quality simply as a function of customer benefit relative to price or cost.

DIMENSIONS OF SERVICE QUALITY

Parasuraman, Zeithaml and Berry (1985) identified ten determinants of service that may relate to any service : reliability, responsiveness, competence, access, courtesy, communication, credibility, security, understanding/Knowing the customer, and tangibles.

Later, in 1988 these ten determinants were boiled down to five by the same authors : tangibles, reliability, responsiveness, assurance, and emphathy

Gr??nross (1988) has suggested six criteria, five of which is the same as those previously cited, and whereas the sixth adds an essential dimension which is recovery.

Reliability, responsiveness, assurance and empathy are business values that foster patronage and profitability. Likewise, corporate branding or imaging is increasingly becoming a vital point of success for companies. As such, the company that recognises the value of service quality not only ensures customer loyalty but also stands out in an increasingly competitive business environment.

THE IMPORTANCE AND IMPACT OF SERVICE QUALITY

Customers will always look for quality. Quality is one of the main drives of customer satisfaction. Therefore quality is a natural pursue for any organisation seeking a source of competitive advantage. However when you think about it a bit more, you start to realise that this oversimplifies what is a complex issue. For example, what is quality? Can every customer see it? If so, is it the same for every customer? How does it relate to the price paid or the value extracted from the service? In the case of physical goods which have a degree of standardisation and are able to be compare, these issues are complicated enough. When applied to service, where the product is heterogeneous, intangible, inseparable, perishable, and difficult to own, quality become very difficult to comprehend and even more difficult to implement and manage.

For any organisation, improving the quality of their service costs money and so they need to know where to focus resource to make the best impact. They need to understand the relationship between investment in service quality and the return on that investment, through profitability or loyalty for example. Put simply, most organisations are seeking to deliver the highest quality of service to the largest number of customers over the longest period of time at the lowest unit cost. For the customer, quality is perception and like most perceptions differs in subtle ways from objective reality. Before consumption, it is generally understood that customer perception is a function of their prior experience with the service or similar services, their individual opinion, reaction to other people’s opinions and communications such as advertising. Taken together these combine to generate expectation about the service performance. During consumption, customers react to service delivery events, such as the attitude of sales staff, the environment where the service is delivered, the involvement in service delivery, or the behaviour of other customers. Finally after consumption there is a process of reflection on the outcome, and assessment of the service, such as education or health services, in respect of its enduring value. These are just some of the issues which make the study and implementation of service quality intellectually and managerially challenging.

Given the problems of pursuing quality for a service organisation one might question whether it is worth the effort but service quality is not pursued as an outcome in its own right but because of its association with satisfaction and through this to profitability and customer retention. Current research has expanded the range of potential benefit from a high quality service to include:

‘ Creating competitive advantage by insulating customers from competitors. This is due to customer inertia. If the service delivered is perceived to be of equal or higher quality than that of competitors then there is no motivation for customers to defect regardless of poaching tactics.

‘ Lowering customer recruitment costs occurs due to positive word of mouth from existing customer who provide a free recruitment service for the organisations fortunate enough to have satisfied customers. Equally, by spending less on attracting new customers marketing expenditure can be directed at ensuring existing customers are happy.

‘ Promoting positive word of mouth and reputation occurs as customers talk the service to others. Customers regularly poll other people in their work and social networks about consumption experiences looking for re-assurance that their provider is as good as everyone else’s, looking for status associated with having found a better provider than others and looking for alternative suppliers if current businesses are not providing satisfaction.

‘ Improved financial performance is a natural corollary of increase customer loyalty, reduce customer recruitment spend and positive word of mouth.

‘ Reduced staff turnover although widely canvassed as only limited empirical support. However, the argument goes that as customer are more satisfied and less likely to complaint they also exhibit ‘helping’ behaviour and are more forgiving of service failure, and the extended time available through higher loyalty rates allows for more enduring service relationship.

These benefits represent substantial advantage to an organisation that can provide a service of quality. The problem of course is how to do it.

MODELS FOR UNDERSTANDING AND MEASURING SERVICE QUALITY

Various approaches have been developed for understanding and measuring service quality. Some examples are :

‘ The disconfirmation model (Oliver, 1980)

‘ The perceived quality model (Gr??nroos, 1982a, 1982b)

‘ The SERVQUAL model (Parasuraman, Zeithaml and Berry, 1988)

‘ The SixSigma designed by Motorola

While it would be desirable to review all the approaches to service quality we will focus upon those which have the greatest applicability and widest uses in business and academic circles. The models the researcher has chosen are:

‘ The disconfirmation model (Oliver, 1980)

‘ The SERVQUAL model (Parasuraman, Zeithaml and Berry, 1988)

The disconfirmation model (Oliver, 1980)

It is important to recognise that customers approach events, including purchases, with some expectation of what will occur. For example, if someone invites you to a party, you may not know what will happen precisely, but you will have some expectations of what will happen.

When we actually experience an event or service transaction, we understand it through our perception of what happened and we assess the situation. The service is relative to what we expected. We experience Positive Disconfirmation if what we experienced was better than expected, Confirmation if same as expected and Negative Disconfirmation if worse than expected. Because of the emphasis on differences between expectations and perceptions, this type of model is often referred to as a Disconfirmation Model.

The SERVQUAL model (Parasuraman, Zeithaml and Berry, 1988)

The SERVQUAL approach to service quality engineered the most profound shift in our understanding of both consumer and organisational responses to the problem of managing service quality. A consistent theme in the field of service quality is the problem of identifying what comprises a service in order to determine the dimensions of the service which customers used to assess quality. The SERVQUAL started by trying to develop a more comprehensive understanding of service quality dimensions. The original qualitative interviews produced a set of ten dimensions:

‘ Tangibles ‘ the appearance of physical facilities, equipment, personnel, etc.

‘ Reliability ‘ ability to perform the service dependably and accurately

‘ Responsiveness ‘ willingness to help customers

‘ Competence ‘ possession of the require skill/ knowledge to perform the service

‘ Courtesy ‘ politeness, respect, consideration and friendliness

‘ Credibility ‘ trustworthiness, believability and honesty

‘ Security ‘ freedom from danger

‘ Access ‘ approachability and ease of contact

‘ Communication ‘ keeping customers informed

‘ Understanding ‘ Making an effort to know customers

Later the ten dimensions were collapse into five. They are often referred to as the RATER dimensions :

Reliability ‘ dependability of service provider, accuracy of performance.

Assurance ‘ knowledge & courtesy of employees, ability to inspire trust & confidence.

Tangibles ??- including physical components of the service, e.g, seating, lighting and so on.

Empathy – caring, individualised attention the firm gives to its customers.

Responsiveness – promptness and helpfulness.

The SERVQUAL instrument is made up of 22 items that measure customer’s expectations and a corresponding set that measure customer’s perceptions of a service. It is based on the premise that service quality is the variance that arises by comparing customer’s expectation with what they perceive they got from a specific service provider in that sector (Parasuraman et al. 1988). They developed SERVQUAL with purpose of measuring customer’s perceptions of service quality along the five dimensions.

The Gap model of Service quality

The figure below shows the “GAP” model of service quality from Parasuraman et al. (Zeithaml & Bitner 1996). This model offers an integrated view of the consumer-company relationship. It is based on substantial research amongst a number of service providers. In common with the Gr??nroos model it shows the perception gap (Gap 5) and outlines contributory factors. In this case expected service is a function of word of mouth communication, personal need and past experience, and perceived service is a product of service delivery and external communications to consumers.

‘ Parasuraman et al. GAP model (Zeithaml 1996)

LIMITATION OF THE SERQUAL MODEL

Clearly, the SERVQUAL instrument has been extensively adopted by several academic researchers and practitioners worldwide to measure service quality. The previously mentioned academic research studies are examples of this. However, regardless of its extensive use, numerous theoretical, operational, conceptual, and empirical criticisms of the measurement instrument have been identified and mentioned (Buttle, 1996; Van Dyke et al., 1997, 1999; Ladhari, 2008).

Buttle (1996) identified several theoretical and operational criticisms of SERVQUAL. He argued that theoretically SERVQUAL is founded on the basis of an expectation-disconfirmation model instead of an attitudinal model. Moreover, it is not based on a well-known established economic, statistical, psychological theory or background. In terms of the gap analysis, there are a few supports that customers evaluate service quality on the basis of perception-minus-expectation scores. Furthermore, SERVQUAL stress and emphasise the process of service delivery rather than the endings and the outcomes of the service encounter. From an operational perspective, he stated that consumers evaluate service quality on the basis of standards other than expectations. Also, he argued that it is not possible to capture the changeability of each service quality dimension by four or five items.

Van Dyke et al. (1997, 1999) recognised a number of conceptual and empirical criticisms of SERVQUAL. Conceptually, they criticised using two different instruments for measuring two different concepts (perceptions and expectations) to measure a third concept (perceived service quality). Instead, they argued that direct measurement of perceived service quality is more reliable. Moreover, they argued on the uncertainty of the expectations construct as different definitions and views of the concept resulted from uncertainly defined concept. Empirically, they argued that SERVQUAL has a number of empirical problems including low reliability and unstable dimensionality.

Ladhari (2008) summarised a list of theoretical and empirical criticisms of the model. First, he argued that the use of gap scores is not the right method because of the lack of the support in literature to consumers evaluating service quality in terms of perception-minus-expectation. He stated that it has been recommended that service quality is more precisely and correctly evaluated by measuring only perceptions of quality. On the other hand, he mentioned that the concept expectation is not well defined and can be interpreted from different perspectives; as a result, the operationalisation of SERVQUAL may have different interpretations as well. In addition, he pointed out that previous research suggested using perception-only scores rather than gap scores for the overall assessment of service quality. Last but not least, he emphasised that previous research studies criticise SERVQUAL for its focus on the process of service delivery instead of the result and the outcome of service encounters.

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Performance rice supplement essay help

Those who ever performed on stage could never forget their first time, as it is memorable for varied and numerous reasons, regardless of its being a successful or an embarrassing experience. However, for me, as a former dancer, the most memorable and powerful moment occurred before the actual performance. It was rather when I first entered the rehearsal room full of girls and boys of my age, evidently sharing the same feeling of excitement and anticipation of something new and compelling. From the very first moment, when our instructor made us sit in a circle on the floor and started to teach us a beautiful song from the hundreds of years old Hungarian village of M??ra to ease the tension and comfort us with his soft and calming voice, I knew that this was the group I belonged to with my whole heart. The steps, the motifs and other elements of movement we started to learn later that night along with the traditional folk music accompaniment made this feeling even deeper, and I knew that this room with the old wooden floor and the mirrors all around would be my second home. From that night on I have always felt that without the knowledge of this ethnic tradition in music and dance and the actual practicing of it, my ‘Hungarianness’ would not be round. Besides our unique language that can hardly be related to any other language in the world, this heritage makes me feel truly Hungarian.

I was drawn to this present project by my personal experience and the interest towards the ways in which the ethnic identity of cultural groups other than mine is articulated and formed through the preservation and recreation of traditional movement patterns. This paper is also inspired by the fascination I feel about dance, let it be ethnic, modern, concert, folk or classic. In addition, dances that combine elements from different genres, thereby representing various human categories, always bring great awe and provide the richest field of research in historic, social and aesthetic sense, and this is another reason why I chose to research into how Black tradition in dance ‘ African and Afro-Caribbean – contributed to the formation of African-American ethnic identity in the 20th century.

The universality of dance has long been recognized by scholars and artists, however for long dance was only considered from a theatrical and entertainment point of view. The comparative analysis of its different forms and its significance historically, sociologically, biologically and psychologically only emerged in the mid 20th century when it became the subject of interest to anthropologists, ethnologists and psychologists. This essay wishes to contribute to the field of dance research within the discipline of cultural studies by pointing to the social and artistic significance of dancer-anthropologist, Katherine Dunham’s Caribbean research.

Both the original recordings of Dunham’s fieldwork and her choreographies demonstrate the ways in which the elements of movement patterns produce cultural differences that contribute to the articulation and construction of Black ‘diaspora’ identity in dance. On the one hand, these dance pieces are a presentation of her fieldwork findings as a trained anthropologist and the preservation of a rich heritage; on the other hand, they are fascinating pieces of visual art by which, along with her own dance technique, she contributed to the Modern Dance idiom in the United States. Besides the fact that Katherine Dunham’s talent as dancer and choreographer was outstanding, her work seems to be the perfect choice to serve as primary source for my research, because between 1937 and 1945 Dunham established a ‘research-to-performance’ method to which her first dance company was exposed. She used this method of scholarly inquiry as a means to recreate the memory of regional dances among her dancers and a variety of audiences in North America and abroad.

As Anthea Kraut asserts Dunham’s work helps to illuminate how dancing bodies participate in historical change. It has widely been accepted that the body is the primary locus for construction of identity, thus dance studies has become a highly valued academic discipline. Placing dance forms and practices center of investigation of changing formulations of racial identity has historicized dance as a cultural practice.

In this thesis I read the Caribbean bodily movements and the choreographic pieces as social text to understand how social identities are signaled, formed and negotiated through dance, as well as to analyze how these social identities are codified in dance styles. My approach is based on Jane Desmond’s theory on movement style as an important mode of distinction between social groups.

In the first chapter I give a brief overview of the history of Dance Studies as a separate arena along with its main approaches and research methodology. I will argue that this palette can be extended to different methods that were established to serve analysis in Cultural Studies. I will indicate to what extent Erwin Panofsky’s three-tiered analysis is appropriate to close read dacne, as it was originally developed to analyze static pieces of art.

Chapter two discusses the problem of African-American dance in the framework of expressing black identity. Based on Desmond’s claim that movement and performance styles are denotative of social/ethnic relations by tracing the history of dance styles and their spread from one group to another, we can uncover ideologies attached to movement patterns.

Chapter three will put the theory in chapter one into practice. I will look at Katherine Dunham’s choreography, L’Ag’Ya to isolate elements of black tradition ‘ African and Afro-Caribbean – and to explore how Black ‘diaspora’ identity is articulated through this choreography based on the Caribbean tradition. I adopt the analytical approach developed by Erwin Panofsky; specifically, his three-tiered method of analysis (iconology), in order to understand how certain movement patterns negotiate and construct African-American ethnic identity in L’Ag’Ya. The first stage is the ‘pre-iconographic’ interpretation , which is the perception of the work’s pure form without any added cultural knowledge. The secondary or ‘iconographical’ interpretation connects artistic motifs or groups of motifs identified generically in the pre-iconographic analysis with traditional themes and concepts. Finally, the tertiary level or ‘iconological’ interpretation considers social and cultural history. Knowing cultural history and background of different social groups and their distinctions is crucial for understanding the dance expression. I look at this piece not as isolated incidents but as evidence of a historical, cultural environment.

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Placement research essay help

The Placement I chose was with The Garden Team, Sunbeam House Services (S.H.S), which is based off the Veveay Road, Bray, Co Wicklow .This location is a day service which provides a day centre facility to a number of adults with intellectual disabilities.

The S.H.S ethos and philosophy aim to empower people within their care with the necessary skills to live full and satisfying lives as equal citizens of their local communities. The Garden Team day service focus is on the individual, their growth, development and care. The individual is encouraged and empowered to pursue their goals, dreams and aspirations on an ongoing basis. The Sunbeam organisation, via The Garden Team, in partnership with the individual implement supports to facilitate realisation of their service users goals and aspirations.

A quality system known within the organisation as personal outcomes ensures that the organisation provides service to and for its service users based on the principles of basic assurances, shared values, responsive services and community life. The main role of this system is that the individual???s personal preferences are supported and their personal choices facilitated. S.H.S is also committed to forging links with other organisations in order to ensure their service users goals and aspirations are met.

My Role within this placement was to shadow existing staff, assist them with whatever activities they undertook with the service users attending the day service and interact with the same said service users as and when they attended this day service. This interaction required communication skills such as active listening and non-verbal communication. Social care practice requires me to participate in reinforcing daily social skills such as interpersonal greeting and adherence to social norms. This practice involved daily rituals around breakfast in the day service involving everyone attending the service, such as staff, students and service users greeting each other appropriately, catching up on what each other had done the previous night /weekend .This is an idea opportunity for the staff to touch base with some of the service users who come from troubled backgrounds and also to judge the mood of the service users and through this they can detect when there is an issue that may need to be resolved.

The Garden Team placement ethos is based on the work ethic, social norms and personal outcomes of the individual service user. This is to ensure that the service users both individually and as a group have daily, weekly and long term goals to work towards .The service users have a keyworker within The Garden Team their role is to assist the service user and support them to achieve their personal outcomes.

A long term goal for a service user might be their wish to live independently as they may currently be living in the family home or in a residential service, this long term goal would be broken up into shorter term goals such as budgeting, social skills, personal hygiene and personal shopping this would all take place of a period of time and with each new skill

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Universal healthcare essay help writing

Universal healthcare it is a primary right or a privilege, It has many flaws in various countries and limited access to outrages expenses in MRI’s, long awaiting periods for surgical procedures. Many people have their care delayed and their medical condition gets much worse and can no longer receive treatment. In Germany healthcare is higher in taxes and have no problems receiving medical care. The French claim their salary is way lower as an employer and are required to pay in order to have national healthcare system and their care needed is always available. The American Journal of Public health confirms that 45,000 people die each year in the United States because of no Health Insurance. Yes, we have a right to healthcare.

Universal healthcare goal is to have people live in better health and protect from over charged care for medical hardships with billing. The uninsured are the main ones, who need Universal healthcare. People who make too, much money from working don’t qualify for Medicaid and end up with financial hardship and aren’t able to get the care needed for their health. The common issue for all universal healthcare programs is they need some form of government connection. The law determines what type of care is available and how the coverage will be paid. Many people choose to support the system known as a single payer health insurance. It’s when the government funds the healthcare and does not supply the care, Just like Medicare and Medicaid.

The poor people can’t afford healthcare and live in much worse environments and have more medical problems. We as Citizens of the United States have rights to Healthcare and our health is jeopardized by not being able to pay for insurance. People who work are struggling to pay for healthcare and have health conditions that need medical attention. Due to lack of work for health issue some people lose their jobs and are forced to file bankruptcy. This is why poor people are struggling in the economy and are forced to live in bad health. The right to healthcare should be a civil right. People should not be categorized by their illness and have financial problems paying for their medical treatments. Americans that are poor have bad health and one doctor visit can diagnose their condition before it leads to death.

Therefore, I am for our rights to have universal healthcare for people who need it and can’t afford insurance. This coverage will not only save peoples life and help us get out of debt with medical bills over charging major countries. It is funded through taxation and every day, we people could use this form of coverage I support the government in helping us as the economy to live healthier and longer with better care from universal healthcare coverage.

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Implementing Swifinet essay help writer

ABSTRACT

Use of wireless sensor networks (WSN) has resulted in many revolutionary changes in human life. WSN has gain significant concentration from scientist and end users. ‘SWiFiNet’ is task distributed reusable system architecture. In this architecture complex functionality has been transfer to the second tire devices of the system. Second tire devices are provided with more resources. ‘SWiFiNet’ satisfy the desire architecture of the WSN. This paper aims to analyze various reusable wireless sensor networks and concept related to ‘SWiFiNet’. And it provides the existing architecture of ‘SWiFiNet’ and also the functionality of the component of the reusable network architecture. This paper also provides idea about the proposed ‘SWiFiNet’ which will be developed on IEEE 802.15.4 MAC/PHY layer which will be having more advantages over its counterparts.

Keywords:- WSN, SWiFiNet, Reusable architecture.

I. INTRODUCTION:

Use of wireless network is increasing in every field, day by day. WSN is extensively use where wired network cannot be deployed or is expensive to deploy. WSN opens many ways for research community to further enhance wireless communication efficiency and productivity. Many protocols and algorithms has been developed to addressed many kind of issues related to WSN. But most of these protocols and algorithms concentrate on routing, energy efficiency, reliability and congestion control.

No more research is done on creating some integrated network architecture that will make the implementation of any WSN application easy. It means to make the components of the WSN system reusable. The main focus of WSN is on creating more and more efficient wireless interfaces. The wireless sensor network generally developed for specific work. These work include climate reporting, military applications, fuel level indicator and many more. While creating such system one has to start from the scratch and it becomes burdensome.

So, for all these difficulties, one solution is to create reusable WSN framework. This kind of framework is developed in ‘SWiFiNet’. It is a task distributed System Architecture for WSN.

This paper provides overview of ‘SWiFiNet’ and reusable architecture for WSN. In first section provided introduction about WSN and ‘SWiFiNet’. Second section provides related work regarding task distributed network architecture. Third section provides design goals of reusable architecture. Fourth section provides WSN architecture along with ‘SWiFiNet’ architecture comparison. Fifth and last part concludes the paper.

II. RELATED WORK

There has been attempts to make hierarchical task distributed reusable wireless sensor network architecture. Most of such proposals were developed using 802.11. The different applications related to reusable WSN architecture is as follows:-

ART wise gateway architecture was presented by Leel et al [4]. The architecture is two tire architecture. Tier one uses IEEE 802.15.4 and tire two uses 802.11. Linfeng develop Environmental adaptive Architecture model for wireless sensor network [5]. It was two tire architecture. The second tire was capable of adding number of nodes without affecting two tire architecture. ANGLE [5] architecture was develop for the health care applications. In this application authors claims that it can be reused for any other application.

Open and reconfigurable wireless sensor network has been proposed by Triantafyllidis. It was developed for pervasive health monitoring. Its main emphasis was on easy extension with additional sensor functionality. ZUMA [6] was developed for centralize smart phone platform which will interconnects all kinds of smart phone devices.

The ReWINS [3] research initiative is an attempt to advance such an end-to-end solution with support for incremental arrangement through a transparent lower layer implementation and control architecture and a user-friendly application interface.

Wireless Integrated Network Sensors or the WINS [7] project and NIMS project at University of California, Los Angeles is about ad-hoc wireless sensor network research dealing mainly with constructing micro-electronic mechanical sensors (MEMS) [8], effective circuit design, and design of self-organizing wireless network architecture. Though these projects have been successful in demonstrating a network of self-organized sensor wireless nodes, they seem to have a bias towards environmental and military applications. Also they use proprietary RF communication technology and hence the solutions are limiting for wide scale deployments in industries.

Motes and Smart Dust project [9] at University of California, Berkeley involved creating particularly low-cost micro-sensors, which can be suspended in air, buoyed by currents. Crossbow Inc. has commercialized the conclusion of this project. Here again the solution is limiting, as exclusive communication technologies have been used to achieve inter-device communication. Further, the focus has been on development of sensors and their communication rather than how the sensors will be integrated to form systems. This is generally termed as the ‘bottom-up’ approach, which may not be suitable for building complex systems.

Pico-Radio [10] ‘ A group headed by Jan Rabaey at University of California, Berkeley is trying to build an integrated wireless application interface called Sensor Network Service Platform. An attempt is to develop an interface that will abstract the sensor network and make it transparent to the application layer. A introductory draft describing the application interface has been recently released. They believe in a ‘top down approach’ (from control to sensor nodes) for building sensor networks which is probably more suitable for building complex systems.

Recently, there have been several work initiatives like TinyDB [11], Cornell’s Cougar etc. to develop a declarative SQL-like language to query sensors and define certain standard query services. Here the employment is sensor-interface specific and not a general or abstracted sensor networking platform. These query services can be implemented with ease on top of our (developed) wireless interface and sensor networking platform and can be made generic by extending them for other sensors.

Other research initiatives in this field include MIT’s ??AMPS, Columbia University’s INSIGNIA, Rice University’s Monarch. Though there have been a lot of research efforts in developing ad-hoc wireless networks, the focus has been on developing smart wireless sensor interfaces and not much attention has been paid to the actual application integration. Typical approach has been to develop powerful smart wireless interfaces, which supports the important features/requirements for a particular class of applications (like military, environment sensing or more focused applications like fuel-level control in automobiles). The result is a number of wireless interfaces appropriate for a certain class of application; but almost no interoperability between them. We believe that the deployment of wireless infrastructure in industries will occur in incremental stages and thus interoperability (between different sensor-networks) and extendibility (according to application needs) will form the basic requirements of any prospective solution. A prospective good solution would be an end-to-end solution, which is modular and extendable.

All of the above applications were the forward steps towards the making of reusable network architecture. From the comparison of the above all network architecture, it is clear that user of hierarchical network give advantage over flat network. And three tire architecture is also better for reusable WSN architecture.

EXISTING SYSTEM:-

‘SWiFiNet’ [1] is task distributed and reusable component architecture. The task layer hierarchical model of ‘SWiFiNet’ is as shown in the given figure. It follows hierarchical architecture comprising of Master node, router node and sensor node. The base layer is 802.15.4 MAC/PHY layer.

Table 1. Comparison between different reusable wireless sensor network applications

Sr. No Application/Project Purpose of Application/Project Limitations

1 ART gateway architecture To develop Hierarchical two tire architecture each tire having different base MAC/PHY The system is more complex due to different protocol in each layer.

2 EAWNA To develop tire two in such a way that adding more sensor dose no affect the architecture The focus is given more on second tire of architecture.

3 ANGEL For health care application. Claimed to be reusable Reusable for specific health care application

4 ReWins To develop such an end-to-end solution The main focus is given on industrial scenarios.

5 Wireless Integrated Network Sensor Building efficient circuit design, and design of self-organizing wireless network architecture These project seems to have bias towards environmental and military application

6 Motes and smart dust project Creating low cost micro sensor which can suspended in air The focus is on sensors rather how they will be integrated

7 Pico-Radio To make sensor network transparent to application layer Suitable for building complex systems only

8 TinyDB To develop declarative SQL-like language to query sensor Not a generic or abstracted sensor networking platform

.

The upper layer to this layer is DLL task layer. All the network communication is controlled by this layer. The functionality of different device component of the architecture is as given below:

Sensor node: The task of sensor node is restricted to sensing background and connecting the neighboring nodes or the master node. When the packet is handed over to any parent node, then it is the responsibility of the parent node to transfer the packet to the master node. In this node’s layer architecture, the network layer will have the addresses of the parent devices. It will be stored in the table. Two types of addresses are present in the table. First one is primary parent address and the other is secondary parent address. If primary address parent is not available then secondary parent address will be try by the node.

If network layer don’t contain any table then a ‘Hello’ packet request is broadcast into the network. Then the neighboring device will issue the join request. The join request will be accepted if the device meets LQI threshold criteria.

Router Node: – Router nodes are come in use when sensor nodes are not in the range of Master Node. Clustering is also possible using router node. In ‘SWiFiNet’ distributed architecture the functionality of the router node increased remarkably. The complex implementation of any application or protocol will be deployed on the second tire devices. The router node network layer also maintains the table containing entries of the parent devices to the router node. It can be router node again or router will send the information directly to the master node. Router nodes will generate join request if they receive hello packet request from any sensor node.

Master node: The complete topology information of the network is maintain by the master node. When there is queried transmission model, master node will generate query and send it in the network. Whenever the routing tables are updated in end nodes or router nodes will send the information to the master node.

Sensor node Router Node Master Node

Fig 1. Distributed architecture of ‘SWiFiNet’

III. PROPOSED MODEL:

The ‘SWiFiNet’ model developed [1] is successfully implemented on the hardware as the architecture of the ‘SWiFiNet’ is defined. But ns-2 simulation of ‘SWiFiNet’ is based on 802.11a. As the basic idea of MAC/PHY layer is to have 802.15.4 which will work more efficiently on the ‘SWiFiNet’ architecture. The architectural diagram [1] is as shown below:-

In many of the sensor network architecture the sensor nodes are based on the 802.11a, but in ‘SWiFiNet’ MAC/PHY layer is based on 802.15.4. It is having low bandwidth comparative to the 802.11a. As the ns-2 modulation of the architecture is done using 802.11a, we cannot compare the exact result of hardware simulation and the software simulation.

Dynamic source routing (DSR) has similar characteristics as of ‘SWiFiNet’. After comparing the hardware results [1] with DSR it is found that ‘SWiFiNet’ is having better performance against many parameters. Implementation of ‘SWiFiNet’ using ns-2 on 802.15.4 IEEE is not yet checked against other protocols and hardware results.

The software architecture [2] of the ‘SWiFiNet’ agent is as shown in figure 2. This diagram shows the network component simulation in ns-2. The devices can be identified by the variable passed from TCL script. 1 value represent master node. 2 value represent router node and 3 value represent sensor node.

Fig 2: Component simulation in ns-2

IV. Conclusion:-

The survey paper provides a detailed comparison and description of the well-known projects and applications which are developed from reusable architecture point of view. ‘SWiFiNet’ is basically a task distributed generic reusable architecture for WSN. The functionality of sensor node is reduced and has been transferred to the second tire devices like router node. By doing so sensor nodes are restricted to gather information and connecting to neighboring nodes. As time synchronization overhead is not present the lifetime of the network increase.

This reusable architecture can be used for various range of applications and can be configured accordingly. This paper gives proposed ‘SWiFiNet’ system which will be based on 802.15.4 IEEE standard and will be useful for researchers in many ways.

V. REFERENCES:

[1] A. H. Willig, J. H. Karowski, N. Baldus, H. Huebner, A., “The ANGEL WSN Architecture,” in Electronics, Circuits and Systems, 2007. ICECS 2007. 14th IEEE International Conference on, 2007, pp. 633-636.

[2] A. W. Rohankar, Mrinal K. Naskar, Amitava Mukharjee, ‘SWiFiNet’: Task Distributed System Architecture for WSN’ in IJACSA Special Issue on Selected Papers from International Conference & Workshop On Advance Computing 2013.

[3] A. W. Rohankar, Mrinal K. Naskar, Amitava Mukharjee, ‘A step towards reusable WSN architecture’, International Journal of Research and Reviews in Wireless Sensor Networks (IJRRWSN) vol. Vol. 2, 2012.

[4] B. S. P. Harish Ramamurthy, Rajit Gadh, “Reconfigurable Wireless Interface for Networking Sensors (ReWINS),” in proceeding of the 9th IFIP International Conference on Personal Wireless Communications (PWC 2004), 2004.

[5] J. C. Leal, A. Alves, M. Koubaa, A., “On a IEEE 802.15.4/ZigBee to IEEE 802.11 gateway for the ART-WiSe architecture,” in Emerging Technologies and Factory Automation, 2007. ETFA. IEEE Conference on, 2007, pp. 1388-1391.

[6] L. Linfeng, “Research on Environment-Adaptive Architecture Model of Wireless Sensor Networks,” in Networks Security Wireless Communications and Trusted Computing (NSWCTC), 2010 Second International Conference on, 2010, pp. 130-133.

[7] M. N. K. V. G. Soini, J. Rabaey, J. M. Sydanheimo, L. T., “Beyond Sensor Networks: ZUMA Middleware,” in Wireless Communications and Networking Conference, 2007.WCNC 2007. IEEE, 2007, pp. 4318-4323.

[8] Micro-Adaptive Multi-domain Power-aware Sensors (??AMPS) project at University of California, Berkeley, URL: http://www-mtl.mit.edu/research/icsystems/uamps/

[9] Pico-Radio project at University of California, Berkeley,URL:http://bwrc.eecs.berkeley.edu/Research/Pico_Radio/

[10] Smart Dust and motes project at University of California, Berkeley, URL: http://robotics.eecs.berkeley.edu/~pister/SmartDust/

[11] ] TinyDB project at University of California, Berkeley, URL: http://telegraph.cs.berkeley.edu/tinydb

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The Relationship between Manager Assertiveness and having to tell Employees Exactly What to Do essay help services

Not only is it important to tell workers exactly what to do by being direct, but it is of an equal importance to be assertive with them. If a manager is too passive with his or her employees, it may lead to a managerial mess, as many workers constantly try to test managers’ boundaries.

One of the main reasons as to why employees end up misbehaving in the workplace is primarily because they are not managed correctly, and those who are in authority allow them to get that way. When it comes to being a manager, you shouldn’t expect employees to respect you on a personal level, but you should expect them to respect your authority on a professional level.

Managers should not only be consistently setting up new boundaries, but they should also be enforcing them. Without enforcing them, if an employee overpasses it and nothing is advised to him or her, they will think it is okay to continue to do so. How will they know that it is wrong unless you tell them? It is of an utmost importance to also advise them that you can’t tolerate it.

As a manager, to do their job they have the innate obligation to do only the things that is right for the company that he or she works for. This includes of setting the appropriate boundaries, and not exercising too much sympathy and empathy as it may cause the manager to get too involved with their personal lives. Otherwise, he or she may promote favoritism thereby causing other employees to be jealous. Although this may be true, there is no need to be overly rude and cold towards employees. Being assertive and setting boundaries doesn’t always mean one has to be disrespectful or even rude to their employees. The difference between an authoritarian manager who respects their employees and for managers who don’t differentiates the results of whether or not employees comply or commit themselves to work. In order to have them commit rather than only comply, it is important to be respectful while being assertive. When employees are willing to commit, they are more than likely to deliver work that exceeds a manager’s expectations. (Alexander Hamilton Institute, 2012)

The Importance for Managers to Be a Leader

When it comes to capabilities to effectively communicate with employees, good managers are able to sustain and encourage self-assurance, enthusiasm, and emotional stability while pursuing their day-to-day activities. The position of being a manager can, at times, be quite stressful and overwhelming, so the ideal manager should not let it get to them.

Why is this important when it comes to effectively advising employees as to what has to be done?

If managers aren’t able to maintain self-control of their emotions, then it is likely that they won’t be able to do well at leading employees. Managers are commonly seen as a workplace role model, so if their employees see them as unable to maintain control, it is likely the employees won’t either, thereby leading to decreased amounts of productivity.

Why Communication Is a Key Aspect for Managers

In order to ensure efficient productivity among employees, it is important for them to be able to effectively communicate with them. Moreover, they must also be able to report to higher managers regarding productivity statistics and the like. Not only will great managers be able to communicate well with employees to advise them what they have to do, but they will also be active listeners. Without being able to listen to an employee when he or she has questions about their job or what they have to do, it is likely that they won’t end up doing what they are supposed to do. Another important trait for managers is being able to get a message across without having to overly emphasize it verbally. They know how to implement non-verbal communication techniques such as body language in order to get an important message across to employees. (Melinda Hill Mendoza, n.d).

Common Traits of a Good Employee’ Where You Don’t Have to Be As Specific

There are various indicators that strongly determine whether or not if you have to be overly specific when trying to get an employee to do something. Here I’ve included some of the top traits when it comes to being an effective listener as an employee.

‘ Action Oriented: When you tell an employee to do something, and if he or she is action-oriented, you will see them do it right away’ no questions asked. Although sometimes their work may not be sufficient, most of the time they will provide great work with high levels of productivity. Also, when it comes to productivity, they usually get things done a lot sooner than employees who are stagnant.

‘ Intelligent: Intelligence is important for an employee to thoroughly understand what you want them to do without you having to be too specific with them. Not only that, but when you tell an intelligent employee what to do, most of the time they will do it perfectly correct. It is very rare for an employee who has high levels of intelligence to ask too many questions for additional specificity.

‘ Ambitious: Having an employee with ambition is important because they are well-known to come up with creative ideas that can bring the productivity of any company to the next level. So rather than spending extra time telling them exactly what they have to do, they will work right away, and by the time they are done they will provide you with a genius idea to do things quicker, and you may want to consider forwarding it to your boss.

‘ Autonomous: Employees with an autonomous trait are known to begin working on a project the second you explain to them what needs to be done. They are extremely independent and they require no ‘hand-holding’ whatsoever. This is an important trait, because as a manager, they have a lot of tasks on hand and they don’t want to be wasting it answering a hundred questions about completing a simple task.

‘ Confidence: It is more likely for an unconfident employee to ask questions about exactly what they need to do than a confident employee. This is primarily due to the fact that employees who are confident will trust there instinct on what they’ve heard from the manager, and they won’t second guess their initial impression. On the other hand, unconfident employees will lack their confidence in trusting their understanding, causing them to ask a lot of unnecessary questions.

‘ Leadership: After confidence comes leadership. When you are explaining a task to an employee with leadership skills, you will be confident that they will over-deliver on your expectations. They have the experience to not only deliver the job promptly without any questions ask, but they can set the bar higher in terms of quality and productivity.

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Learning Theory Behaviorism (Teori Pembelajaran Behaviorisme) english essay help

2.0 Teori Pembelajaran Behaviorisme

Teori Behaviorisme merupakan satu pendekatan pemikiran yang menekankan peranan pengalaman dalam mengawal tingkah laku. Pengasas teori ini adalah J.B Watson yang popular dengan teori Little Albert. Namun, selain daripada J.B Watson terdapat tokoh lain yang turut mengkaji tentang teori ini. Mereka adalah Skinner, Thondike dan Pavlov. Teori pemerolehan bahasa Behavioris pada zaman sebelum ini lebih menekankan tingkah laku yang dapat dilihat sahaja. Bagi mereka perkara yang berlaku dalam otak manusia tidak dapat dikenalpasti. Mereka membuat analogi otak manusia sama seperti sebuah kotak hitam yang gelap. Oleh itu mereka tidak mementingkan peranan otak dalam pemerolehan bahasa.

Golongan mazhab ini menolak pendapat yang menghubungkan operasi kognitif dengan pemerolehan bahasa. Seseorang dianggap telah belajar sesuatu jika dia dapat menunjukkan perubahan perilakunya. Menurut teori ini dalam belajar yang penting adalah input yang berupa stimulus dan output yang berupa reaksi (respond). Stimulus adalah apa saja yang diberikan guru kepada pelajar, sedangkan respon berupa reaksi atau tanggapan pelajar terhadap stimulus yang diberikan oleh guru tersebut. Proses yang terjadi antara stimulus dan respon tidak penting untuk diperhatikan kerana tidak dapat diamati dan tidak dapat diukur. Yang dapat diamati adalah stimulus dan respon. Oleh sebab itu, apa yang diberikan oleh guru iaitu stimulus dan apa yang diterima oleh pelajar iaitu respon harus dapat diamati dan diukur. Teori ini mengutamakan pengukuran kerana pengukuran merupakan perkara yang penting untuk melihat terjadi atau tidak perubahan tingkah laku tersebut.

2.1 Teori Behaviorisme menurut J.B Watson

J.B Watson (1878-1958), seorang ahli psikologi di Amerika Syarikat, merupakan orang pertama mencipta istilah behaviorisme untuk menghuraikan tingkah laku manusia. Kajian banyak dipengaruhi oleh Teori Pelaziman Klasik Pavlov. Kajian beliau, yang terkenal ialah mengenai emosi kanak-kanak dengan menggunakan Model Pelaziman Klasik. Mengikut Watson, tingkah laku manusia merupakan reflex terlazim iaitu suatu gerak balas yang dipelajari melalui proses pelaziman klasik. Dengan kata lain, semua pembelajaran adalah pelaziman klasik Watson berpendapat gerakan-gerakan refleks yang mudah misalnya berkelip mata, bersin apabila hidung gatal dan sebarang tindakan yang dilakukan secara semulajadi adalah tingkah laku yang diwarisi dan tidak perlu dipelajari. Selain daripada tingkah laku, Watson pula menjalankan kajian tentang pembelajaran emosi semula jadi iaitu takut, marah, dan kasih saying. Emosi manusia atau perubahan dipelajari melalui proses pelaziman.

2.1.1 Implikasi Teori Pembelajaran J.B Watson

Menurut beliau, semua tingkah laku boleh dipelajari melalui proses pelaziman. Tingkah laku positif boleh diajarkan melalui ransangan yang sesuai. Seterusnya, untuk menguasai kemahiran menyelesaikan masalah, pelajar perlu belajar cara perhubungan gerak balas secara sistematik. Selain itu, teori ini memberi implikasi untuk mengukuhkan apa yang telah dipelajari dalam ingatan, latihan- latihan hendaklah dijalankan secara kerap. Dalam proses pengajaran,guru hendaklah menggunakan rasangan yang boleh memotivasikan murid untuk minat belajar dan mengelakkan pengunaan ransangan yang membawa kepada kesan negatif.

2.2 Teori Behaviorisme menurut Thorndike

Menurut Thorndike, belajar adalah proses interaksi antara stimulus dan respon. Stimulus adalah apa yang merangsang terjadinya aktiviti belajar seperti fikiran, perasaan, atau hal-hal lain yang dapat dikesan melalui pancaindera. Manakala, respon adalah reaksi yang muncul apabila peserta dididik ketika belajar, dan yang dapat pula adalah berupa fikiran, perasaan, gerakan atau tindakan. Jadi, perubahan tingkah laku akibat kegiatan belajar dapat dikategorikan sebagai konkrit, iaitu yang dapat diamati, atau tidak konkrit iaitu yang tidak dapat diamati. Meskipun aliran behaviorisme sangat mengutamakan pengukuran, tetapi tidak dapat menjelaskan bagaimana cara mengukur tingkah laku yang tidak dapat diamati. Teori Thorndike ini disebut pula dengan teori koneksionisme. Thorndike berjaya membentuk tiga hokum iaitu Hukum kesediaan, Hukum latihan, Hukum kesan. Hukum kesediaan merupakan keupayaan persiapan seseorang individu di dalam kendirinya untuk memulakan sesuatu aktiviti pembelajaran. Manakala hokum latihan pula menyatakan bahawa semakin byak latihan yang dijalankan semakin bertambah kukuh ikatan gerak balas yang tertentu dengan ransangan yang berkaitan. Hukum kesan menyatakan bahawa ikatan ransangan dengan gerak balas akan bertambah kukuh sekiranya individu memperolehi kesan yang memuaskan selepas gerak balasnya dihasilkan.

2.1.2 Implikasi Teori Pembelajaran Thorndike

Antara implikasi Teori Pembelajaran Thorndike ialah untuk meningkatkan tahap kesediaan belajar, guru harus menggunakan motivasi yang sesuai. Selain itu, ia juga dapat mengukuhkan pertalian antara ransangan dengan gerak balas pelajar dengan memperbanyak aktiviti latihan, ulangkaji, aplikasi serta pengukuhan dalam keadaan yang menyeronokkan. Seterusnya memberikan ganjaran atau peneguhan untuk respon antau gerak balas yang betul daripada pelajar. Memberi peluang kepada pelajar untuk menikmati kejayaan dalam pembelajaran mereka.

2.3 Teori Pembelajaran Behaviorisme Ivan Pavlov

Ivan Pavlov merupakan salah seorang daripada ahli teori Behavioris selain daripada Skinner, Thondike dan Watson. Beliau dilahirkan pada 14 September 1849 di Ryazan, Rusia Tengah. Beliau telah meninggal dunia pada 27 Februari 1936 di Leningrad Rusia ketika berusia 86 tahun. Ivan Pavlov merupakan ahli fisiologi, psikologi dan ahli fizik berbangsa Rusia. Sebagai seorang yang sangat mencintai bidang fisiologi beliau telah meminta seorang pelajar duduk di sebelah katilnya dan merekodkan perihal kematiannya. Beliau terkenal dengan orang pertama yang mendeskripsikan fonomena pelaziman klasik atau pelaziman responden. Teori pelaziman klasik adalah tentang tingkah laku pembelajaran yang telah dipelopori oleh Ivan Pavlov ( 1849-1936). Pada tahun 1980-an. Pavlov mengkaji fungsi pencernaan pada anjing dengan melakukan pemerhatian pada kelenjar air liur. Dengan cara itu, beliau dapat mengumpulkan, menyukat dan menganalisis air liur haiwan itu dan bagaimana ia dapat diberikan makanan pada keadaan yang berbeza. Beliau sedar anjing akan mengeluarkan air liur sebelum makanan sampai ke mulutnya dan mencari hubungan timbal balik antara air liur dengan aktiviti perut. Pavlov hendak melihat rangsangan luar dapat mempengaruhi proses ini. Oleh itu contoh paling awal dan terkenal bagi pelaziman klasik melibatkan pelaziman air liur pada anjing kajian Pavlov.

2.4 Teori Pembelajaran Behaviorisme B.F Skinner

Manakala menerusi B.F Skinner pula, beliau mengutarakan teori behaviorisme adalah teori. Menurut Nana Sudjana, 1990 pendekatan Skinner adalah operant conditioning, yang merupakan penerusan dan perluasan secara tepat dari hokum Thorndike. Ia mengakui adanya fenomena conditioning yang klasik dari Pavlov dalam perilaku manusia dan binatang, tetapi itu tidak dianggap terlalu penting.

2.4.1 Implikasi Teori Pembelajaran B.F Skinner

Sesuatu kemahiran atau teknik yang baru dipelajari hendaklah diberi peneguhan secara berterusan dan diikuti secara berkala supaya kemahiran atau teknik itu dapat dikukuhkan dan dikekalkan. Selain itu, penggunaan peneguhan positif yang membawa keseronokan adalah lebih berkesan daripada peneguhan negative yang membawa kesakitan. Seterusnya, prinsip penghapusan melalui proses pelaziman operan adalah sesuai digunakan untuk memodifikasikan tingkah laku pelajar yangtidak diingini, misalnya menghentikan peneguhan yang diberikan dahulu sama ada peneguhan positif atau negatif

2.5 Kelebihan teori pembelajaran behaviorisme

Kelebihan yang pertama yang kami perolehi melalui teori ini adalah teori ini sangat sesuai untuk melatih atau mendidik kanak-kanak yang masih memerlukan bantuan daripada orang dewasa di sekeliling mereka. Sebagai contoh kanak-kanak tadika memerlukan bimbingan dan perhatian yang khusus daripada orang di persekitarannya terutamanya guru-guru mereka kerana mereka mudah mengikuti apa yang diajar dan disuruh selain suka meniru perlakuan orang di sekelilingnya. Selain itu, mereka juga suka dengan bentuk-bentuk penghargaan yang diberi kepadanya seperti pujian dan melalui bentuk penghargaan tersebut ianya dapat membangkitkan semangat ingin belajar dalam diri mereka.

Kelebihan yang kedua adalah guru tidak perlu mengambil masa yang lama untuk memberi penerangan yang panjang tentang pembelajaran kepada murid-murid. Hal ini kerana murid-murid akan dibiasakan belajar dengan sendiri kecuali sekiranya murid menghadapi sesuatu masalah dan memerlukan penjelasan yang lebih daripada guru. Dalam hal ini guru perlu memberikan penerangan dengan jelas.

Selain daripada itu, teori ini juga menekankan kemahiran lisan berbanding kemahiran membaca dan menulis. Melalui aspek kemahiran lisan yang ditekankan dapat memberikan kelebihan kepada murid kerana aspek lisan iaitu mendengar dan bertutur penting dalam situasi harian murid. Boleh dikatakan bahawa kemahiran ini adalah kemahiran terkerap yang digunakan manusia untuk berkomunikasi antara satu sama lain.

2.6 Kelemahan Teori Behaviorisme

Dari segi kelemahan pula, penerapan teori behavioris yang kurang tepat dalam sesuatu situasi pembelajaran boleh mangakibatkan berlakunya proses pembelajaran yang tidak kondusif bagi murid-murid kerana pembelajaran berlaku dalam keadaan sehala dimana ianya berpusatkan kepada guru sahaja. Guru hanya mengajar dan melatih murid manakala murid hanya menerima apa yang diajar oleh guru mereka tanpa memberi sebarang maklum balas. Malah dalam teori pembelajaran ini murid berperanan sebagai pendengar dan mereka menghafal apa yang didengar dan dipandang sebagai cara belajar yang efektif. Penggunaan hukuman merupakan salah satu cara untuk guru mendisiplinkan murid dan hal ini akan mendatangkan akibat buruk kepada murid.

Kelemahan yang kedua ialah proses pembelajaran dikatakan kurang memberikan gerak balas yang bebas bagi pelajar untuk berinteraksi serta untuk mengembangkan idea. Hal ini kerana sistem pembelajaran tersebut lebih tertumpu kepada rangsangan dan gerak balas yang ditunjukkan. Sekiranya tiada rangsangan maka tindak balas tidak akan berlaku. Sebagai contoh, guru akan memberi rangsangan dalam bentuk hadiah dan daripada situ barulah murid akan memberikan jawapan yang dikehendaki oleh guru. Sekiranya perkara ini berlaku secara berterusan dikhuatiri murid akan terlalu bergantung terhadap rangsangan dari luar sedangkan murid harus memiliki rangsangan dari dalam diri mereka sendiri sebagai satu cara pembelajaran.

Kelemahan yang ketiga menurut teori ini adalah penambahan ilmu pengetahuan lebih tertumpu kepada buku teks. Hal ini kerana mereka belajar mengikut urutan kurikulum yang sangat ketat sehinggakan buku teks merupakan buku wajib dalam pembelajaran mereka malah mereka juga perlu dikehendaki memahami dan mempersembahkan kembali isi pembelajaran di dalam buku teks tersebut dengan baik. Hal ini boleh mendatangkan kesan buruk kepada pelajar kerana ilmu pengetahuan yang mereka peroleh tidak begitu berkembangan dengan hanya tertumpu kepada satu buah buku sahaja.

2.7 Implikasi teori pembelajaran behaviorisme

Yang pertama ialah guru perlu sedar bahawa kaitan antara rangsangan dan gerak balas boleh dilazimkan iaitu dipelajari. Sebagai contoh apabila guru ingin menyuruh murid-murid beratur ketika waktu rehat di kantin sekolah guru boleh mengaitkannya dengan cara untuk berjaya dalam kehidupan. Implikasi yang seterusnya ialah kaitan antara rangsangan dan gerak balasdapat dikukuhkan melalui latihan. Semakin kerap rangsangan itu dikaitkan dengan sesuatu gerak balas, semakin kukuh gerak balas terlazim itu. Sebagai contoh guru ingin murid-murid supaya tidak mengaitkan mata pelajaran matematik dengan kesukaran, dengan memberi mereka latihan- latihan yang mudah dan apabila mereka beransur mahir menyelesaikan masalah yang sukar maka guru bolehlah menukar aras pembelajaran kepada tahap yang sederhana sukar dan seterusnya ke aras pembelajaran yang sukar.

Di samping itu, dalam proses pembelajaran, generalisasi boleh berlaku. Ini bermakna perkara yang dipelajari dalam situasi A boleh dipindahkan ke situasi B. Sebagai contoh guru mata pelajaran sains mengaitkan kejadian pencemaran alam sekitar yang mengakibatkan kemusnahan alam semula jadi dengan kemusnahan alam yang berlaku seperti tsunami yang melanda Bandar Acheh.

faktor motivasi memainkan peranan yang penting bagi menghasilkan gerak balas yang diinginkan. Dalam hal ini pemberian ganjaran perlu diberi perhatian. Sebagai contoh ketika murid menjawab soalan yang diberikan oleh guru dengan betul maka guru boleh memberikan pujian kepadanya atau dengan memberikannya hadiah supaya pada waktu pembelajaran yang seterusnya pelajar tersebut akan lebih menumpukan perhatian di dalam kelas untuk memperoleh pujian yang diingini. Namun sekiranya pelajar tersebut tidak dapat menjawab soalan yang diberi maka guru perlulah membimbing pelajar tersebut supaya mereka tidak berasa terpinggir dan seterusnya dapat bersama-sama memahami tajuk pembelajaran pada ketika itu.

Selain itu juga, dalam proses pembelajaran tingkah laku yang dapat dilihat, diamati, diukur dan dikawal hendaklah diberi perhatian. Hal ini kerana melalui perubahan tingkah laku yang ditunjukkan oleh murid guru boleh mengambil sebarang tindakan sekiranya ianya di kesan lebih awal. Sebagai contoh sekiranya seseorang murid menunjukkan tingkah laku yang negatif seperti tidak faham tentang apa yang diajar oleh guru maka guru boleh membuat pemulihan terhadap dirinya. Dalam pembelajaran, penghapusan boleh berlaku jika peneguhan tidak diberikan. Ini bermakna, sekiranya sesuatu tingkahlaku tidak diperkukuhkan melalui ganjaran, tingkahlaku itu mungkin akan terhapus begitu sahaja. Konsep pemulihan serta-merta juga dapat membantu seseorang guru meningkatkan keberkesanan pembelajaran

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Research design common app essay help

2.7 RESEARCH DESIGN USED :

The conception of research design plan is the critical step in the research process. The design ,of the study constitutes the blue print for the collection, measurement and analysis of data. In other words the research design is a conceptual structure with in which,h research is conducted.

2.8 DATA COLLECTION METHODS :

Primary Data: – Primary data are those data which are collected for the first time, and thus hap,pen to be original in character. It is extracted with the help of discussions co,nducted with senior managers with respect to factors affecting the performance.,

Secondary Data: – Secondary data are those data which are already collected by someone else ,and which have already passed through the statistical process. These data are g,athered by Books, Lectures, Notes, and Official Websites etc.

The study make,s extensive use of secondary data. ‘Secondary data are those which have already,y been passed through the statistical process’. The data which is pre-essential for ,this study relating to comparative analysis of Balance Sheet and PROFIT AND L,OSS A/c was based on secondary source of data. This data will be collected fro,m materials provided by Rakshitas Pvt. Ltd., discussions conducted with store m,anagers and some essential

Financial Accounts books.

2.9 LIMITATIONS :,

‘ Data provided is very limited due to the subjectivity of it being highly confidential.,

‘ The data taken for interpretation is for a limited period.

‘ Assumptions, are to be taken into consideration while doing analysis and interpretation, of data.

‘ Due to limited, information, depth analysis could not be made.

2.10 RESEARCH MEASURE TOOLS :

Various financial techniques and statistical tools are used to measure the data used in the study. Column graphs, pie chart etc. is used to highlight the statistical inference,s. The study cannot be completed without balance sheet and profit and loss a/c. ,Therefore three years balance sheet and profit & loss a/c has been taken out for ma,king proper research.

2.11 ANALYSIS OF DATA :

The data collected is secondary, and it’s compiled, classified, tabulated and then analyzed u,sing financial techniques and statistical tools. Graphs and charts are used to hig,hlight the statistics. Based on this data and analysis, inferences are drawn accor,dingly.

2.12 OVER VIEW OF THE CHAPTER :

The Project I,s Presented in the following chapter :-

CHAPTER 1 : INTRODUCTION

This chapter includes introduction to finance, theorectical back ground for the study of the ,various performance, introduction to finance, definition of retail industry and di,fferent type of industry.

CHAPTER 2 : DESIGN OF THE STUDY

This chapter I,ncludes the projects introduction of the subject background, statement of the, problem, objectives of the study, scope of the study, need and purpose of study,, research methodology, research design, data collection method primary and seco,ndary data, limitations, research measure tools and analysis of data.,

CHA,PTER 3 : PROFILE OF THE COMPANY

This c,hapter contains the profile of the company, its origin and background, board of directors, number of branches and organization structure.

CHAP,TER 4 : DATA ANALYSIS AND INTERPRETATION

This ch,apter consists of Table, Graphs, Analysis and Interpretation based on the question,nairies.

CHAPT,ER 5 : SUMMARY OF FINDINGS, CONCULSIONS AND RECOM,MENDATIONS

This chap,ter includes findings based on objectives of the study, conclusion drawn from the f,indings and recommendations given from the analysis.

Chapter:-3

PROFILE OF THE ORGANIZATION

COMPANY PROFILE

RAKSHITAS PVT.LTD.

Rakshitas business con,cept is to offer a broad and varied range of apparels that allows customers to fin,d their own personal style to choose from more than 150 remiums national and int,ernational brands.

Rakshitas is aimed at everyone in the family with an interest in modern basics, fashion, quality and affo,rdable pricing. Customers should always be able to find clothes and accessories ,at Rakshitas for every occasion. The collections are extensive and new arrivals, being launched week after week in each of the 4 floors spread across 20,000 s,q. ft. for Men, Women, Kids and Teen’s casual wear, formal wear, denim wea,r, ethnic and Kancheevaram silks etc. The range and collections are supplemen,ted by matching costume jewellery, premium international watches, perfumes, ,lingerie’s.

Mission

Our mission is to achieve excelle,nce in the products and services we offer, in the methods we employ and in the res,ult we produce.

Products

Menswear: menswear,r means clothing for men. Rakshitas provide various brands for menswear which ,includes formal shirts, casual shirts, trousers, jeans etc. of several variety of int,ernational as well as national brands, for example: -levis, pepe jeans, killer, lee, w,rangler etc.

Women’s wear: Women’s wear means ,clothing for women. Rakshitas provides the best options for women’s apparel rang,ing from skirts to ethnic, casuals as well as formals.

Kids wear: Kids wear are meant only for kids or children ranging below age of 12 years. Rakshitas provides awesome collection for kids which include children formal wear, kurtas, shirt,s etc.

Party wear: Party wear dresses are meant for wearing in parties, functions, special occasions etc. Rakshitas provides variety ranges of party wear which includes lehngas, wedding dresses, traditional indian dress etc.

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Control and organisational behaviour (pengendalian dan perilaku organisasi) essay help services

PENGENDALIAN DAN PERILAKU ORGANISASI

PERILAKU ORGANISASI

Untuk membuat dasar yang nantinya dapat digunakan manajemen dalam menyusun system pengendalian manajemen, maka kita perlu mengetahui lebih dalam mengenai perilaku organisasi. Berikut ini adalah beberapa penjelasan mengenai teori akuntansi sebagai bentuk pemahaman terhadap organisasi.

Definisi Organisasi

Secara umum, organisasi diartikan sebagai sekumpulan orang yang melakukan kerjasama demi mencapai tujuan ‘ tujuan yang telah ditentukan bersama. Organisasi tercipta ketika orang ‘ orang bergabung dan melakukan sesuatu untuk berbagai tujuan dan organisasi dapat mencakup segala aspek dalam kehidupan. Organisasi dapat bersifat formal dan informal. Pekerjaan di dalam suatu organisasi dapat dibagi ‘ bagi dan dikoordinasi sesuai dengan kebutuhan dan keahlian tiap ‘tiap anggota organisasinya untuk mencapai tujuan organisasi tersebut. Suatu organisasi haruslah going concern, dalam arti organisasi tersebut diasumsikan akan hidup selamanya.

Teori Perilaku Organisasi (Theory of Organization Behaviour)

Ada beberapa teori yang menjelaskan mengenai mengapa dan bagaimana orang ‘ orang berperilaku dalam organisasi. Berikut ada dua penjelasan mengenai teori tersebut :

1. Teori jenjang kebutuhan

Teori ini menjelaskan bahwa setiap manusia memiliki kebutuhan yang banyak dan harus dipenuhi dan kebutuhan serta keinginan tersebut tersusun secara rapih, sehingga apabila ada satu kebutuhan terpenuhi maka setelah itu ia akan berusaha memenuhi kebutuhannnya yang lebih tinggi. Dalam teori ini tersirat bahwa system pengendalian manajemen juga didasarkan pada kebutuhan manusia yang terkoordinasi dan dilakukan sesuai dengan tujuan organisasi.

2. Teori motivasi pencapaian

Teori ini lebih mengacu pada perilaku atasan atau manajer dalam perannya saat berorganisasi. Untuk mencapai keberhasilan dan mendapat sebuah kekuasaan, maka manajer tersebut juga perlu memiliki keinginan yang kuat agar dapat menghasilkan prestasi dalam organisasi.

TEORI ORGANISASI

Pengetahuan yang dalam mengenai organisasi sangatlah diperlukan oleh para pelaku organisasi dalam pelaksanaan system pengendalian manajemen organisasi tersebut. Para pelaku organisasi harus benar ‘ benar mengetahui semua poin dalam organisasi termasuk sejarah organisasi, tujuan organisasi, bagaimana perilaku para pelakunya hingga reaksi organisasi tersebut terhadap lingkungan.

Tak berbeda dengan teori perilaku akuntansi, dalam teori organisasi juga terdapat banyak teori yang membahas mengenai organisasi. Dan disini akan dibahas mengenai dua teori juga tentang organisasi, yaitu :

1. Teori Organisasi yang Berorientasi ke Dalam

Banyak organisasi dianggap indepen dan tidak terlalu memperhatikan lingkungan luar oleh beberapa teori. Teori organisasi yang berorientasi ke dalam ini banyak dijadikan dasar oleh sebagian besar system pengendalian manajemen dalam suatu organisasi hal tersebut didasarkan karena dalam teori ini mencakup tanggung jawab dalam pengambilan keputusan yang berlaku menurut proyek ‘ proyek, program ‘ program serta komponen ‘ komponen fungsionalnya.

2. Teori Organisasi yang Berorientasi ke Luar

Teori ini adalah teori kebalikan dari teori sebelumnya yaitu teori organisasi yang berorientasi ke dalam. Teori ini beranggapan bahwa suatu organisasi selalu berhubungan dengan lingkungan di sekitarnya. Ada dua jenis organisasi yang menganut teori organisasi yang berorientasi keluar ini, yaitu :

– Organisasi system umum terbuka

– Organisasi system manajemen

TIPE ORGANISASI

Ada tiga jenis atau tipe organisasi, yaitu :

1. Organisasi Fungsional

Dalam tipe organisasi ini, penekanan lebih ditujukan kepada manajer yang sangat harus bertanggung jawab terhadap suatu fungsi tertentu, seperti fungsi produksi, fungsi pemasaran dan fungsi lainnya yang diterapkan dalam organisasi tersebut. Fungsi ‘ fungsi tersebut dapat dihimpun oleh fungsi yang lebih tinggi dalam organisasi itu juga. Organisasi ini berpotensi membuat efisiensi perusahaan yang lebih baik karena menggunakan masukan ‘ masukan dari manajerial yang lebih tinggi.

2. Organisasi Divisi

Dalam organisasi ini, semua manajer harus bertanggung jawab terhadap hamper keseluruhan fungsi dalam proses produksi serta distribusi lini pada organisasi tersebut. Orientasi organisasi divisi lebih terbuka yang berarti lebih menekankan bahwa para manajer harus peka terhadap pengaruh ‘ pengaruh yang dating dari luar yang mungkin dapat mempengaruhi kinerja organisasi.

3. Organisasi Matriks

Ada dua struktur organisasi dalam organisasi matriks, yaitu ditata berdasarkan fungsi dan ditata berdasarkan program. Pada organisasi matriks, para manajer bertanggung jawab penuh atas profitabilitas dari lini produk organisasi tersebut dimana proses produksi dilakukan oleh unit ‘ unit organisasi fungsional.

Teori Kemungkinan (Contingency Theory)

Untuk mengendalikan suatu manajemen menggunakan tiga macam pendekatan, antara lain :

1. Pendekatan tradisional

Pendekatan ini menekankan pada perencanaan, pendekatan dan pengendalian.

2. Pendekatan system

Pendekatan ini menekankan padapenggunaan sumber daya manusia sebagai pertimbangan dalam pengambilan keputusan.

3. Pendekatan perilaku

Pendekatan ini menekankan pada pengendalian manusia termasuk di dalamnya motivasi dan prediksi.

PERILAKU MANAJEMEN

Organisasi dan sistemnya yang rumit akan mempengaruhi perilaku manusia menjadi rumit pula.

Konsep Fundamental

Agar suatu organisasi ‘terkendali’ maka para anggota organisasi harus mengetahui dengan baik apa sebenarnya yang diinginkan oleh manajemen. Untuk merealisasikan hal tersebut, dapat menggunakan banyak informasi yang telah disediakan oleh manajemen organisasi seperti anggaran hingga kebijakan organisasi. Tujuan organisasi dibuat oleh para manajer senior dan dilaksanakan oleh manajer operasional untuk selanjutnya para manajer senior menerapkan system pengendalian manajemen untuk mengontrol organisasi tersebut.

Persepsi Tujuan

Para manajer operasional harus benar ‘ benar mengetahui apa tujuan organisasi. Para manajer operasional tersebut dapat secara mudah mendapatkan informasi ‘ informasi yang mereka butuhkan dari berbagai sumber baik dari dokumen maupun percakapan informal saja. System pengendalian manajemen yang efektif dapat menguatkan kepastian suatu perusahaan.

Organisasi Informal

Adanya organisasi informal di dalam organisasi formal sering menyebabkan adanya salah persepsi mengenai tindakan yang diharapkan. Hubungan pada organisasi informal tidak tercantum di dalam bagan organisasi, padahal hal tersebut cukup penting untuk pemahaman system pengendalian organisasi tersebut.

Motivasi

Reaksi pada pelaku organisasi terutama manajemen terhadap organisasi dapat berbeda tergantung pada motivasinya. Motivasi dapat bermacam ‘ macam, misalnya kenaikan gaji, promosi, pujian dan lain ‘ lain. Motivasi timbul dari dalam pribadi masing ‘ masing, tetapi motivasi dapat dipengaruhi oleh rangsangan dari lingkungan sekitarnya.

Keselarasan Tujuan (Goal Congruence)

Setiap manusia memiliki tujuan pribadi, begitu juga dengan organisasi yang juga memiliki tujuan bersama. Salah satu tugas penting system pengendalian adalah menyelaraskan kedua tujuan tersebut serta mencapainya demi mendapatkan kepuasan bersama. Semakin kuat hubungan antara tujuan pribadi dan tujuan organisasi, maka ssistem pengendalian organisasi tersebut akan semakin kuat juga.

Kerjasama dan Konflik

Suatu organisasi tidak akan berjalan dengan baik apabila para anggotanya tidak bekerjasama dengan baik secara terkoordinasi, untuk itu di dalam organisasi sangat dibutuhkan kerjasama yang terkoordinir dan selaras. Selain itu, organisasi juga harus menjaga koordinasi dan keselarasan tersebut agar tidak terjadi konflik yang dapat mengganggu kinerja organisasi. Konflik tersebut dapat terjadi karena berbagai alasan, salah satunya adalah dengan adanya persaingan didalam organisasi tersebut.

Iklim Organisasi (Organizational Climate)

Secara singkat, iklim organisasi dapat diartikan sebagai hasil kombinasi dari struktur formal dan struktur informal pada suatu organisasi. Dan menurut pemahaman saya iklim organisasi merupakan suasana di dalam organisasi dimana tiap pelaku organisasi di dalam organisasi saling membantu, saling menilai, dan memahami antara satu dengan yang lain. Iklim organisasi ikut mengambil bagian penting dalam organisasi. Keduanya saling mempengaruhi satu sama lain.

Tipe Pengendalian

Pelaku pengendalian Sumber arah pengendalian Macam ‘ macam Pengendalian

Ukuran prestasi dan tingkah laku Isyarat untuk tindak koreksi Imbalan untuk prestasi Hukuman untuk kegagalan

Organisasi formal Rencana organisasi, strategi, tanggapan atas persaingan Anggaran, biaya standar, target penjualan penyimpangan Penghargaan manajemen, insentif uang, promosi Minta penjelasan

Kelompok informal Keterikatan bersama cita’cita kelompok Norma-norma kelompok penyimpangan Pengakuan rekan, keanggotaan, kepemimpinan Ejekan, pengasingan, permusuhan

Perorangan Tujuan pribadi, aspirasi Harapan pribadi, target antara Dugaan akan kegagalan di masa yang akan dating, target tak tercapai Kepuasan karena ‘terkendali’ kegembiraan Merasa gagal

Sumber : Disarikan dari Gene W. Dalton dan Paul R. Lawrence, Motivation and Control in Organizations (Homewood, III. : Richard D. Irwin, 1971). Hak Cipta 1971 oleh Richard D. Irwin Inc.

Variasi dalam Pengendalian

Hakekat system pengendalian manajemen dibedakan menurut sifat pekerjaan, macam organisasi, lingkungan daan peran manajer. Berikut adalah tiga dimensi yang perlu diperhatikan dalam penggunaan dan pengembangan system pengendalian manajemen :

1. Besar keleluasaan manajemen

2. Besar interdependensi

3. Rentang waktu pelaksanaan

FUNGSI KONTROLER

Kontroler dapat diartikan sebagai petinggi atau pejabat yang bertanggung jawab atas apa yang telah direncanakan oleh organisasi dan bagaimana pengoperasiannya. Tanggung jawab para kontroler berbeda ‘ beda di tiap organisasi bahkan di tiap divisinya. Tanggung jawab kontroler didasarkan pada posisinya masing ‘ masing. Tanggung jawab tersebut dilaksanakan secara langsung. Selain tanggung jawab dalam perencanaan dan pengoperasian tersebut, berikut ini adalah fungsi lain dari kontroler :

a. Menyiapkan laporan kepada pihak pemerintah serta pihak ‘ pihak luar lainnya.

b. Mempersiapkan pengembalian pajak.

c. Mempersiapkan dan melakukan analisa terhadap laporan prestasi keuangan.

d. Membantu para manajer dengan cara melakukan analisa sertab menafsirkan laporan ‘ laporan tersebut.

e. Menggunakan prosedur pemeriksaan intern dan pengendalian akuntansi, memastikan validitas informasi, menetapkan usaha perlindungan yangcukup terhadap berbagai penyimpangan serta melakukan pemeriksaan operasional.

f. Melakukan pengembangan kepada orang ‘ orang yang ia pimpin serta berperan langsung dalam penambahan pengetahuan mengenai fungsi kontroler

g. Mengadakan manajemen kas, asuransi serta kegiatan ‘ kegiatan lainnya demi pengamanan kekayaan perusahaan.

Hubungan dengan Organisasi Lini

Kontroler juga memiliki hak untuk membuat kebijakan ‘ kebijakan dalam organisasi. Namun keputusan ‘ keputusan tersebut merupakan realisasi pelaksanaan kebijakan ‘ kebijakan yang telah dibuat oleh manajer lini. Dengan kata lain, terdapat keselarasan antara kedua belah pihak. Hal tersebut tentunya sangat baik untuk menjaga kelancaran jalannya organisasi tersebut.

Kontroler Divisi

Kebanyakan perusahaan atau organisasi membagi organisasinya tersebut menjadi beberapa divisi yang dikepalai oleh seorang manajer. Manajer divisi tentu juga memiliki kontroler divisi. Dalam hal ini, kontroler divisi harus patuh kepada manajer divisi dan juga kontroler perusahaan yang terkadang beda kepentingannya. Penilaian prestasi terhadap kontroler divisi dapat dilakukan dengan menilai beberapa poin, antara lain :

– Laporan akuntansi dan keuangan

– Pengetahuan mengenai operasi divisi

– Sasaran dan pelaksanaan kepatuhan terhadap kebijakan

– Kontribusi manajemen

– Pengetahuan terhadap akuntansi

– Kejujuran dan profesionalisme

– Kemauan bekerjasama

– Organisasi dan staf

– Inisiatif dan semangat

HUBUNGAN LINI-STAF

Seorang manajer divisi dapat dikatakan tidak memiliki staf maupun asisten pribadi. Manajer tersebut mendapatkan bantuan dari :

1. Tenaga yang ditugaskan untuk membantunya dari staf umum, insinyur serta petugas pembelian

2. Staf pusat yang dapat dimintai bantuan kapan saja sebanyak mungkin.

HUBUNGAN MANAJER DIVISI ‘ KONTROLER

Untuk mencapai kesuksesan organisasi dalam hubungannya dengan manajer divisi, maka organisasi perlu membina kerjasama yang baik dan solid di tiap ‘ tiap manajemen. Berikut merupakan beberapa factor yang dapat mempengaruhi hubungan baik adalah :

1. System akuntansi yang seragam dan terpusat

2. Sasaran ‘ saasaran keuangan yang telah ditetapkan sebelumnya untuk tiap ‘ tiap divisi.

(Pertumbuhan penjualan serta besar laba penjualan)

3. Pembagian laba antara kontroler dan manajer

SISTEM AKUNTANSI

Selain memiliki tanggung jawab dalam perencanaan dan pengoperasian organisasi, divisi kontroler juga memiliki kewenangan atas system akuntansi yang akan digunakan oleh organisasi tersebut termasuk di dalamnya menetapkan cara dan jenis pos ‘ pos yang harus mereka awasi. Sistem akuntansi dijadikan dasar dalam penyusunan laporan keuangan beserta analisisnya.

SASARAN ‘ SASARAN DIVISI

Seperti yang telah disebutkan pada bagian sebelumnya, perusahaan atau organisasi memiliki sasaran keuangan, yaitu pertumbuhan penjualan dan tingkat laba. Tingkat laba dalam organisasi atau perusahaan ditetapkan sebaga persentase penjualan. Berikut ini adalah beberapa factor penentu target laba penjualan :

1. Kemungkinan pematenan produk

2. Besar laba atas investasi yang diinginkan

3. Besar laba industry bersangkutan

4. Besar laba investasi bersangkutan

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Business notes: Creative problem solving college essay help free

1 Unit 1 – Creative problem solving

1.1 Introduction

A business leader is expected to identify problems, implement solutions and find business opportunities. To do so, they must learn to plan, analyse situations, identify and solve problems (or potential problems), make decisions, and set realistic and attainable goals for the business/unit. These are the fundamental thinking/creative requirements for leadership, and these set direction to a successful future. Without this critical competence, you will have to rely on others to do your thinking for you, or you will simply have to learn to nurture your creative thinking skills which will help you on your journey towards successful business.

Creative thinking forms part of this continuous problem solving process, and is the fundamental basis for facilitating in the development of solutions, new initiatives, products or services. In an entrepreneurial context, the end result of this process should be directly linked to a feasible opportunity in the market environment.

Quote – What lies behind us and what lies before us, are tiny matters, compared to what lies within us. – William Morrow

The creative problem solving process consists of the following four steps:

‘ Problem analysis

‘ Solution analysis

‘ Decision analysis

‘ Solution implementation

1.2 The process

The creative problem solving process consists of an important core process, namely the idea generation process see figure 1. This is an important step, especially if you need to come up with creative ideas for products, services, and processes, to solve a consumer problem. The idea generation process consists of the following four steps:

‘ Step 1 – Generating ideas

‘ Step 2 – Developing ideas into a concept

‘ Step 3 – Converting a concept into a tangible or intangible product

‘ Step 4 – Finally protecting the tangible or intangible product

Figure 1 – The process of creative thinking (idea generation)

Initially you need to understand the problem and find the root cause of the problem. Many techniques are available to find the causes of problems, you can use the 5 Why technique in this case, if you are familiar with it. The more advanced courses will describe how to use the major problem identification techniques, but this course will focus on the idea generation process.

1.3 Where to start

In the entrepreneurial phase, the best way to start the idea generation process is when you are required to come up with a new product or service, to identify a potential consumer problem. Initially, focus on identifying problems in the area of your expertise (your knowledge base).

If you have no knowledge of the problem, the product development stage could be a challenge for you.

You will learn in the next section that not all problems are opportunities, and entrepreneurs should be careful as to how they approach this stage, when generating ideas in trying to identify a new product or service.

1.4 Problem versus opportunity

In most cases, the idea-generation phase in the creative problem solving process is neglected. Individuals normally identify a problem or an opportunity (which may seem like an opportunity, but is actually just an idea), and then develop a new product in line with the new assumed idea or opportunity. It is therefore important to distinguish between an idea and an opportunity. Resources may be wasted if a mere idea is incorrectly perceived as an opportunity.

Any opportunity is initially problem based (e.g. a coffee shop in a destination where there is a lack thereof, this creates several problem situations and potentially feasible opportunities for the entrepreneur). The creative thinking (idea generation process) involved, is the means to solving these problems, and bring forth solutions to the market problems, which create further opportunities.

1.4.1 Difference between problem and opportunity

There is, however, a critical difference between a problem and opportunity. Consider the following:

‘ Is it an idea or an opportunity to develop a high speed train between two major cities which are not far from each other? Some may say it is a great idea, but when you need to pay R200 a day to make use of it, it is simply not an opportunity. Only a few people would make use of the service, resulting in a negative impact on the market.

‘ If it is possible to transport people between the two cities for a lower cost, say R10, it would possibly be a more feasible opportunity.

Here is a good example of an opportunity – Around the turn of the twentieth century, a shoe manufacturer sent a representative to Africa, to open up a market in the undeveloped area in that continent. After exploring the culture for a month, the rep sent a telegram to the home office shouting,

‘Disaster! Disaster! These people do not wear shoes. Bring me home immediately!’

A short time later, another shoe company sent their agent to Africa for the same purpose. A month later his home office also received a telegram:

‘Opportunity! Opportunity! These people do not wear shoes! Triple production immediately!’

Quote – Every situation contains the potential for disastrous problems or unprecedented success. The event is what we perceive it to be. Unknown

Now the question arises: How do I distinguish between an idea and an opportunity? Looking at above examples, every problem is not an opportunity, and it really depends at how you are looking at the problem. If you see a viable opportunity in a problem then you are looking at the problem with a different perception than most people (the glass is half full or half empty). From a business perspective all opportunities are not necessarily a viable opportunity, the market determines the available opportunities. Without the knowledge to interpret the market conditions, you could miss it totally in terms of your opportunity analysis.

Table 1 shows the different industries in South Africa, the level of entrepreneurial activity, and how the same opportunity differs in each of these market areas.

1.4.2 The global entrepreneurship monitor

The Global Entrepreneurship Monitor ‘ specifically identified the entrepreneurial activity in the various industries of South Africa. It can be generalized to state that an industry with a high level of entrepreneurial activity, gives away more business opportunities (e.g. manufacturing, retail, hotel, restaurant and business services), while one with a lower level will indicate far less opportunities (e.g. agriculture, forestry, hunting, fishing, finance, insurance, real estate and health, education and social services).

If we analyse just one ‘high-opportunity’ industry, for instance manufacturing, it may be an opportunity today to manufacture a final product, and export it to an international market. A ‘low-opportunity’ industry, for instance insurance (especially in the market entry phase), may be negative as having an extremely high crime rate and insurance companies have to pay out claims at an alarming rate. It is also evident that low-opportunity industries may create feasible opportunities.

An entrepreneur should therefore be wary of following a fad, (latest trend) and exploiting assumed opportunities in a ‘popular’ industry.

Percentage of Entrepreneurs

ISIC Category Start-ups New Firms Total

Agriculture, forestry, hunting, fishing 1,3 2,6 1,6

Mining, construction 9,7 5,0 4,1

Manufacturing 14,3 19,1 13,8

Transport, communications, utilities 9,8 0,7 8,0

Wholesale, motor vehicle sales, repairs 6,0 6,5 6,3

Retail, hotel, restaurant 40,8 47,7 43,5

Finance, insurance, real estate 0,3 5,2 1,4

Business services 10,1 7,9 9,4

Health, education, social services 2,6 0,7 2,3

Consumer services 11,0 3,5 9,7

Source: Driver. Wood, Segal & Herrington, 2001

Table 1 – The percentage of entrepreneurs in the different industries in South-Africa

1.4.3 What is an opportunity?

What exactly is an opportunity and how does an entrepreneur exploit a feasible opportunity? According to Hesrich & Peters (2002), an opportunity is the process whereby the entrepreneur assesses whether a certain product, service or process, will yield the necessary earnings based on the resource inputs that are required to manufacture and market it.

The nature of opportunities needs to be assessed – thus, what leads to the existence of an opportunity? The following factors may result in an opportunity:

‘ General and specific problems faced by consumers

‘ Market shifts

‘ Government regulations

‘ Competition

There are two equally important criteria in the assessment of an opportunity. Firstly, the size of the market – will the number of customers reward the input and energy required, to create and deliver the product?

Secondly, the length in terms of the frame of the opportunity (window of opportunity). For example, is the demand for this product only a short fashionable phenomenon or is it based on sustainable business, or how long will it take before someone else (a competitor), to grab the opportunity?

These two aspects should also link directly to the personal skills and competence of the entrepreneur. For example, entrepreneurs with no skills or interest in information technology will not necessarily achieve their personal goals. They should rather venture into an opportunity which suits their experience and personality.

1.4.4 Transform opportunity into a business

Table 2 shows how the development of a business plan links to the identification and evaluation of opportunities, the determination of the resources required and the eventual management of the enterprise. All of these factors play a significant role in the correct assessment of the business opportunity.

This means that the business plan must explain in sufficient detail how the business will exploit the situation, to transform the opportunity, into solving a problem for the consumer, which generates extraordinary profits for the people involved.

Identify and evaluate the opportunity Develop the business plan Determine the resources needed Manage the enterprise

Creation and length of opportunity

Real and perceived value of opportunity

Risk and returns of opportunity

Opportunity versus skills and goals

Competitive situation Title page

Table of contents

Executive summary

Description of business

Description of industry

Marketing plan

Financial plan

Production plan

Organisational plan

Operational plan

Summary

Appendices Existing resources of the entrepreneur

Resource gap and available supplies

Access to needed resources Management style

Key variables for success

Identification of problems and potential problems

Implementation of control systems

Source: Hisrich, R.D. & Peters, M.P. 2002: 40. Entrepreneurship. Boston: Irwin/McGraw-Hill.

Table 2 – Link between Opportunity and business plan

1.5 Instruction

Exit and resume to your current page.

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The importance of employee engagement in an organization cheap mba definition essay help

1.4 Literature Review

Mark Kilsby and Stephen Beyer (1996) ‘ Engagement and Interaction : A comparison between supported employment and acts’. This research study was conducted with the help of interaction and commitment patterns of 13 supported employees and 38 regular adult training center attainders of the organization. Direct observation was used as method of data collection, within the 13 employment sites and a representative sample of ATC organized activities. Because of the higher level of task specific dialogue between individuals and the service of the organization it is found that there is more of social interaction in ACT. Interaction of employees with public within office hours was the cause for this as per the study conducted.

Douglas R. May, Richard L, Gilson and Lynn M . Harter (2004) ‘The Psychological Conditions Of Meaningfulness ,Safety And Availability And The Engagement Of The Human Spirit At Work’. This shows the study about a U.S western company which explored the determinants and mediated the effects of tree psychological conditions they are meaningful, safe and available. The above studies shoes that all the three factors (meaningfulness, safety and availability) have a positive relation with the engagement of an employee in the organization. In other words they are completely associated with the psychological safety where as loyalty to co worker norms and self- consciousness are negatively related.

Despoina Xanthopaolou, Arnold B, Bakker, Evangelia Demerouti and Wilmar B.Schaufeli (2009) ‘Work Engagement And Financial Returns : A Diary Study On The Role Of The Job And Personal Resources’. The above study shows that how daily fluctuations in job can affect the level of personal resource , financial returns and work engagement. Different level of analysis revealed that day level job resources had an effect on work engagement through the day level personal resources. When there was a control for the general level of personal resources and organizational engagement Day level work engagement showed a positive way towards day level training, which in turn showed the financial returns.

Dan-Shang Wang and Chia ‘Chun Hsieh (2013) ‘The Effect Of Authentic Leadership On Employee Trust And Employee Engagement’ they have examined the genuine leadership on employee engagement through employee trust. They have collected data from 386 employees from top 1000 manufacturing companies and top 500 service companies in Taiwan. Hierarchical multiple regression was used to test the hypothesis on the employees. Later on the results shows that the consistency between the supervisors , words and actions as well as their moral perceptions are optimistically related to employee engagement , when only supervisors are consist between the words and actions in positively related employment trust. The study shows how employee engagement had a positive trust on employee. Employee trust has a partial link between authentic leadership and employee engagement.

Benjamin J.C, Yuan and Michael B.H. Lin (2012) ‘Transforming Employee Engagement Into Long-Term Customer Relationships: Evidence From Information Technology Salespeople In Taiwan’. This article shows that when information sales people in Taiwan have perceived more transformational leadership and they were more expected to show increased development in work engagement. Over a period of time it was found that increased development in work engagement influenced the increased customer relationship. It showed how employee engagement is indirectly co related with customer relationship.

Xander M.Bezuijen, Karen Van Dam, Peter T . Van Den Berg and Henk Thierry (2010) ‘How Leaders Stimulate Employee Learning : A Leader ‘ Member Exchange Approach’. This study investigated how the three factors as such as leader member exchange, goal setting, and feedback are related to employee engagement in the learning activities. Here, two different mechanisms were proposed , first one a mediating mechanism telling that leader member exchange shows specific leader behavior. The second one is it as a moderating mechanism , holding that leader member exchange will strengthen the effect of leader behavior from 7 organizations a sample of 1112 employees was taken , to measure the leader member exchange approach. 233 of the direct leaders answered that they find difficulty in rating employee engagement in learning activities.

Maureen F.Dollard and Arnold B. Bakker (2010) ‘Psychosocial Safety Climate As A Precursor To Conducive Work Environment , Psychological Health Problems , And Employee Engagement’. This article shows the gap between work psychology and psychosocial working condition. Where we construct a psychosocial working condition PSC. It explains how PSC influences the senior management in psychological working conditions and in psychological health and engagement. They use the job demand and resources as a frame work and uses a multi level thinking into their explanation

James R.Jones (2009) ‘Comparative Effects On Race/Ethnicity And Employee Engagement On Withdrawal Behavior’. This study have added knowledge on the basis of effects on employee attachment. In addition to that it provides more evidence on looking at all types of employees as a single entity which can lead to false results.

Shane Crabb ( 2011) ‘The Use Of Coaching Principles To Foster Employee Engagement’. The above article focuses on the human condition that leads to the happiness of fulfillment and flourishing of employee engagement. Where positive psychology results in so many questions from traditional psychological approaches .Which have mean to focus on a different model of human functioning with healing people fail. In another way positive psychology takes additional holistic approach to human life. Seeing the positive and negative aspects of context when establishing what is right , working and good of people.

Roberta A . Neault and Deidre A .Pickerel (2011) ‘Career Engagement : Bridging Career Counseling And Employee engagement’ . this article is showing that employee counselors helps individuals in maximizing their career engagement at any career stage of an individual. When you facilitate career engagement it contributes to employee engagement which employee are looking for. They even encourages others to use the career engagement and employee engagement models as vehicles to combine the employers to interest in engagement counselors to create interest in supporting the development of employee an motivate them to work.

2.1 Title: A Cross Sectional Study Of Employee Engagement In Apollo Hospitals.

2.2 Objectives:

1. To determine the level of Employee Engagement in Apollo Hospitals.

2. To identify the factors of Employee Engagement.

3. To analyze and suggest strategies for improvement.

2.3 Research Methodology:

I had adopted descriptive research design for the purpose of this

Survey on employee engagement. The primary data was collected from the 100 employees conveniently selected from Apollo Hospitals Bangalore, through structured questionnaire.

2.4 Limitations:

1) The survey was carried out for a sample sized of 100 working staff only.

2) Findings and suggestion of this research are applicable only to Apollo Hospitals.

3) As an fact finding study advanced statistical tools or analysis are not used.

Table 1.1 Weighted Average on Opportunities for growth

X 1 2 3 4 5

I have adequate opportunities for professional growth in this organization. (X1) 10 20 32 19 19

I receive the training I need to do my job well.(X2) 2 52 22 16 08

My manager is actively interested in my professional development and advancement.(X3) 32 21 12 18 17

My manager encourages and supports my development (X4) 08 10 40 18 24

I am encouraged to learn from my mistakes (X5) 52 23 16 04 05

My work is challenging, stimulating, and rewarding(X6) 28 14 33 16 09

X1 ?? XI X2 ?? X2 X3 ?? X3 X4 ?? X4 X5 ?? X5 X6 ?? X6

10 50 2 10 32 160 08 40 52 260 28 140

20 80 52 208 21 84 10 40 23 92 14 56

32 96 22 66 12 36 40 120 16 48 33 99

19 38 16 32 18 36 18 36 04 08 16 32

19 19 08 08 17 17 24 24 05 05 09 09

TOTAL 283 TOTAL 324 TOTAL 333 TOTAL 260 TOTAL 413 TOTAL 336

Table 1.2 Calculation Of Weighted Average on Opportunities for growth

283/100 2.83 324/100 3.24 333/100 3.33 260/100 2.60 413/100 4.13 336/100 3.36

RANKED 6 RANKED 4 RANKED 3 RANKED 5 RANKED 1 RANKED 2

Table 1.3 Showing The Rank Of Each Component of Opportunities for growth

INFERENCE

The above table shows that the employees are encouraged to learn from their mistakes that is 4.15 out of 5.the work is stimulating rewarding and challenging is ranked 2nd.the manager is actively interested in employees professional growth is

ranked 3rd.the level of opportunity for professional growth shows the least ranking.

Table 1.4: Showing Adequate Opportunities/ Professional growth

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

10 20 32 19 19 100

Chart 1.1: Showing Adequate Opportunities/ Professional growth

Interpretation:

32% of the employees from the given population says that they have a neutral opportunity to grow where as 10 % stands in the outstanding category and 20% of them in good category. An equal no of employees disagree to the fact in the other hand that is 19% of the given population.

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

2 52 22 16 8 100

Table 1.5: Showing Training

Chart 1.2: Showing Training

Interpretation:

In the given sample 52% of the employees agrees to the fact that they receive good training in order to do their job efficiently and 2% strongly agrees. where 22 % is neutral to the situation given.16 % of them do not get proper training they required to do their jobs and 8 % strongly disagree to it. It is clear that the organization is giving a proper training to employees to make their work effective.

Table 1.6: Showing Professional Development And Advancement

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

32 21 12 18 17 100

Chart 1.3: Showing Professional Development And Advancement

Interpretation:

Most of the employees agree that their manager takes attention in their professional development steps. 32 % to 25 of the employees from the given sample have strongly agreed and agreed to it respectively. whereas 12 % is neutral to it . but 18% to 17% disagrees and says that they are not taken care in respective of their advancement in profession.

Table 1.7: Showing Encouragement And Support

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

8 10 40 18 24 100

Chart 1.4: Showing Encouragement And Support

Interpretation:

From the above graph its clear that 40% of the employees neither agree or disagree that management encourage them or support them. 8% to 10% agrees that they have been supported by the management . but 18 % to 24 % disagree to the fact that management supports them .

Table 1.8: Showing Challenges, Stimulation And Reward

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

52 23 16 4 5 100

Chart 1.5: Showing Challenges, Stimulation And Reward

Interpretation:

More than half , 52% of the employees states that they have a challenging stimulating and rewarding work. A very few of them disagree to it 4 % to 5% . and 23 % of them agrees t it there is a majority of people agreeing to it.

Table 1.9: Showing Encouragement

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

28 14 33 16 9 100

Chart 1.6: Showing Encouragement

Interpretation:

There is a 28% of people agreeing to it. And 16 % to 9 % disagreeing to the fact that they are not encouraged to learn from their mistakes .

Table 1.10: Showing Weighted Average on Work/Life Balance; Stress and Work Pace

X 1 2 3 4 5

My manager understands the benefits of maintaining a balance between work and personal life. (X1) 02 13 08 48 29

My job does not cause unreasonable amounts of stress in my life. (X2) 30 13 08 48 29

The amount of work I am asked to do is reasonable. (X3) 40 20 12 14 14

I am able to satisfy both my job and family/personal responsibilities. (X4) 27 12 08 09 44

X1 ?? X1 X2 ?? X2 X3 ?? X3 X4 ?? X4

02 10 30 150 40 200 27 135

13 52 13 52 20 80 12 48

08 24 08 24 12 48 08 24

48 96 48 96 14 28 09 18

29 29 29 29 14 14 44 44

TOTAL 211 TOTAL 351 TOTAL 370 TOTAL 269

Table 1.11: Showing Calculation Of Weighted Average on Work/Life Balance; Stress and Work Pace

Table 1.12: Showing The Rank Of Each Component of Work/Life Balance; Stress And Work Pace

211/100 2.11 351/100 3.51 370/100 3.7 269/100 2.69

RANKED 4 RANKED 1 RANKED 2 RANKED 3

INFERRENCE

By analysing the given data using weighted average method that the level of stress reduced in the employees is 3.51 out of 4 , and the amount of work the employee is asked to do is 3.7. the employee is able to balance between family and personal responsibility is 2.69 . the managers understanding in the benefits and maintaining balance between work and personal life should be taken care because it is got only 2.11 which have least rank

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

2 13 8 48 29 100

Table 1.13: Showing Work/Life Balance; Stress And Work Pace Balance Between Work And Personal Life

Chart 1.7: Showing Work/Life Balance; Stress And Work Pace Balance Between Work And Personal Life

Interpretation:

Only 2% of the employees says that there is a balance between work life and personal life. 13% of them agrees to it and 8% is neutral to it.but 48% of the sample disagrees and 29 % of them strongly disagrees to it.

Table 1.14: Showing Stress Level In Employees Life

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

30 13 8 48 29 100

Chart 1.8: Showing Stress Level In Employees Life

Interpretation:

30% of the employees strongly agrees that the job doesn’t cause much stress where 13% of them agrees and 8% is neutral to it. But 48%of them disagree nd 29% strongly disagrees and states that job causes stress in their life.

Table 1.15: Showing Amount Of Work Asked To Do

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

40 20 12 14 14 100

Chart 1.9: Showing Amount Of Work Asked To Do

Interpretation:

40% of them strongly agrees that they have sufficient amount of work and they do not feel any stress where 20 % of them agrees. 12% of the sample is neutral.14% of them disagrees they don’t have suffient amount of work or they are overloaded with the work given.

Table 1.16: Showing Satisfying Family / Personal Responsibilities

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

40 20 12 14 14 100

Chart 1.10: Showing Satisfying Family / Personal Responsibilities

Interpretation:

44% of them strongly disagree that they are not able to complete their job, family and personal responsibilities. 27 % to 12 % agrees to it and 8% is neutral to that. It shows that employees are not satisfied with the amount of work given to them.

Table 1.17: Showing Weighted Average on Personal Expression / Diversity

X 1 2 3 4 5

My ideas and opinions count at work. (X1) 03 18 19 32 28

I am comfortable sharing my opinions at work. (X2) 10 08 28 42 12

We work to attract, develop, and retain people with diverse backgrounds. (X3) 10 13 09 56 12

Senior management is genuinely interested in employee opinions and ideas. (X4) 24 23 36 07 10

People with different ideas are valued in this organization. (X5) 20 18 40 13 09

Table 1.18: Calculation Of Weighted Average on Personal Expression / Diversity

X1 ?? X1 X2 ?? X2 X3 ?? X3 X4 ?? X4 X5 ?? X5

3 15 10 50 10 50 24 120 20 100

18 72 08 32 13 52 23 92 18 72

19 57 28 84 09 27 36 108 40 120

32 64 42 84 56 112 07 14 13 26

28 26 12 12 12 12 10 10 09 09

TOTAL 234 TOTAL 262 TOTAL 253 TOTAL 344 TOTAL 327

234/100 2.34 262/100 2.62 253/100 2.53 344/100 3.44 327/100 3.27

RANKED 5 RANKED 3 RANKED 4 RANKED 1 RANKED 2

Table 1.19: Showing The Rank Of Each Component of Personal Expression / Diversity

INFERRENCE

By analysing the above table it shows that senior management is interested in personal opinions which shows the rank 1. And people with different ideas are valued in the organisation are considered 3.27 out of 5. Employees are free to share their ideas 2.62. the employees work in such a manner to attract and retain others 2.53 ,which has got the 4th rank. Ideas counted at work has got the least rank where they have to work on that part.

Table 1.20: Showing Idea And Opinion Count

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

3 18 19 32 28 100

Chart 1.11: : Showing Idea And Opinion Count

Interpretation:

Only 3% of the employees agree that the management listens to their ideas and opinions. 18% of them agree to it as well. 19 % is neutral to the situation. Whereas there is a huge no of the sample size that is32% to 28% who is disagreeing to it. Their opinions and ideas are not taken seriously by the management.

Table 1.21: Showing Level Comfort in Sharing Opinions

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

10 8 28 42 12 100

Chart 1.12 : Showing Level Comfort in Sharing Opinions

Interpretation:

The conducted shows that onl10% to 8% employees are comfortable in sharing their problems with the upper management. Rest of the sample that is 42% is disagreeing that they are not comfortable in sharing their ideas or problems.12% of them strongly disagrees.

Table 1.22: Showing The Work They Do Is To Attract , Develop And Retain

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

10 13 9 56 12 100

Chart 1.13: Showing The Work They Do Is To Attract , Develop And Retain

Interpretation:

56% of the employees disagrees that they don’t work to attract ,develop or retain customers. Where 10% to 13% agrees to the statement . a little sample size of 12% strongly disagrees to the statement .

Table 1.23: Showing Senior Management Interest In Employee Opinion And Ideas

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

24 23 26 7 10 100

Chart 1.14: Showing Senior Management Interest In Employee Opinion And Ideas

Interpretation

The management shows interest in taking employees ideas and opinions.24% of them agrees and 23% of the strongly agrees to the statement. A huge sample ,36% id neutral to the statement. But a little sample, 7% to 10% disagrees to the statement.

Table 1.24: Showing People With Different Ideas Are Valued

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

20 18 40 13 9 100

Chart 1.15: Showing People With Different Ideas Are Valued

Interpretation:

20% to 18% of the employees agree that people with different ideas are well accepted in the organization. 40% to the employees are neutral to the statement. 13 % to 9% of the sample disagrees to the statement on the other hand.

Table 1.25: Showing Weighted Average On Compensation

X 1 2 3 4 5

I am paid fairly for the work I do. (X1) 19 42 12 25 2

My salary is competitive with similar jobs I might find elsewhere.(X2) 32 12 28 23 5

My benefits are comparable to those offered by other organizations.(X3) 8 29 28 32 3

I understand my benefit plan. (X4) 42 15 19 9 15

I am satisfied with my benefit package. (X5) 58 12 11 6 13

Table 1.26: Calculation Of Weighted Average On Compensation

X1 vX1 X2 ?? X2 X3 ?? X3 X4 ?? X4 X5 ?? X5

19 95 32 160 08 40 42 210 58 290

42 168 12 48 29 116 15 60 12 48

12 36 28 84 28 84 19 57 11 33

25 50 23 46 32 64 09 18 06 12

02 02 05 05 03 03 15 15 13 13

TOTAL 351 TOTAL 343 TOTAL 307 TOTAL 360 TOTAL 396

Table 1.27: Showing The Rank Of Each Component Of Compensation

351/100 3.51 343/100 3.43 307/100 3.07 360/100 3.60 396/100 3.96

RANKED 3 RANKED 4 RANKED 5 RANKED 2 RANKED 1

INFERENCES

The above table shows that the employees are satisfied with the benefit package they are given 3.96 out of 5.the employees understand their plan is 3.60. the fair pay is ranked 3rd.the employees salary is competitive with others is ranked 4th. The salary is not comparable with salary with others which has been ranked the least, rank 5.

Table 1.28: showing Fair Pay

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

19 42 12 25 2 100

Chart 1.16: Showing Fair Pay

Interpretation:

19% to 42% of the Employees agree that they are paid fairly according to the amount of work they do. But 25% to 2% of the sample size disagrees to the statement. And 12% is neutral to it.

Table 1.29: Showing Salary Competitiveness

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

32 12 28 23 5 100

Chart 1.17: Showing Salary Competitiveness

Interpretation:

32% of the employees agrees that they get a competitive salary when compared to other organizations with same designation. 12% of them strongly agrees to it .28% of them are neutral to the statement. 23% to 5% is disagrees to the statement in the other hand.

Table 1.30: Showing Comparability Of Benefits

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

8 29 28 32 3 100

Chart 1.18: Showing Comparability Of Benefits

Interpretation:

There is balance, 29% of the employees agrees and 32 % of them strongly disagrees that they have a comparable benefits.28% of them are neutral in the other hand.

Table 1.31: Showing Understanding Of Benefit Plan

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

42 15 19 9 15 100

Chart 1.19: Showing Understanding Of Benefit Plan

Interpretation:

42% of the employees agrees that they understand their benefit plan. 15% strongly agrees ,where 19% is neutral.9% to 15% disagrees to the fact and says they don’t understand the benefit plans they are given.

Table 1.32: Showing Satisfaction With Benefit Package

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

58 12 11 6 13 100

Chart 1.20: Showing Satisfaction With Benefit Package

Interpretation:

58% of them are satisfied with their benefit package. 12% strongly agrees. Whereas little sample of 6% to 13% disagrees to the statement. Or they are not happy with their benefit package.11% is neutral to it.

Summary of Findings

‘ Most of the employee’s ability state the opinion firmly and positively is better than acceptable standards.

‘ Majority of the employee’s ability in exercising the professional duties without assistance is better than acceptable standard.

‘ The Emotional Stamina of the majority of the employees is better than acceptable standard.

‘ Majority of the Employee’s Ability to work co-operatively and collaboratively to achieve common goal is better than acceptable.

‘ Majority of the employees Ability to effectively guide a group through an appropriate process to help to achieve their desired outcomes is better than acceptable standard.

‘ Majority of the employee’s ability to clarify and establish with a group roles and responsibilities, common goal and plan to achieve them and group behavioural is outstanding.

‘ Majority of the employees Ability to deal with multiple issues and details, alertness and learning capacity is better than acceptable standard.

‘ Majority of the employee’s ability to see and think beyond the obvious and formulate original solution is better than acceptable standards.

‘ Majority of the employee’s ability to present ideas, concept, plan and procedure clearly to the target group is better than acceptable standard.

‘ Concern for excellence of the majority of the employee’s is better than acceptable standard.

‘ Majority of the employee’s Aware of what is going on in the workplace and responds in a suitable manner to situations as they is better than acceptable.

‘ The understanding between the top level and employees are in good terms.

‘ Employees do understand their benefits and opportunities given by the organisation.

‘ The employees are paid fairly according to the work done.

‘ Freedom of sharing new ideas and opinions are welcomed in the organisation.

‘ The employees are able to make a balance between personnel and work life. which reduces the amount of stress in them.

‘ The organisation encourages the employee to learn from their mistakes.

‘ Recommendations

‘ In this organization employee engagement study must be regularly done in order to check the level of employee effectiveness.

‘ Since many of the employees are performing different jobs to what they were doing at the time of their joining they need training to perform the new work allotted them.

‘ Different sources of employee engagement tactics must be encouraged in employees.

‘ The top management should support the lower level employees since it is considered a major hurdle in effective employee engagement and the employees must also be made aware of importance of engagement at work system

‘ The employees should be then and there motivated for work.

‘ The understanding between management and employees should be increased.

‘ Level of stress in work should be reduced.

‘ Better benefit package should be given to the employees.

Conclusion

In the report we have discussed the importance of employee engagement in an organization and how it affects the efficiency of work and productivity. Employment counselors should help individuals to maximize their career engagement at any stage of their career. Basically employee engagement should be a buzz word for the employee engagement and a positive attitude held by the employees towards the organization. Employee engagement is gaining its importance and popularity in work places and its impact in many ways. It emphasis on the importance of employee engagement in a organization, an organization should thus give more importance for its employees than any other variable as they are the powerful contributors to a company’s competitiveness. Thus it shows that employee engagement should be a continues process for learning, improvement, measurement and action of an employee.

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The limitations of the Chit Acts buy argumentative essay help

1.1 BACKGROUND OF THE STUDY

The financial system assumes strategically a very important role in channelling the funds from surplus units to deficit units. The financial system here refers to the group of institutions, markets and instruments which helps in formation of capital and thus accelerates to the pace of economic development.

The base of this study stems from the fact that there exists a gap between gross capital formation and gross domestic savings in India. So, there exists the need to augment the growth rate of voluntary domestic savings. This goal can be realized by widening and strengthening the working of different financial intermediaries which will result in mobilizing savings from various income level categories. .It is in this context that the role of the Non-Banking Financial Intermediaries like Chit Finance should be appreciated in supplementing the functions of the Banking Institutions.

Chit funds are Chit funds are the Indian equivalent of the Rotating Savings and Credit Associations (ROSCA). ROSCAs are famous in many parts of the world and is seen as an instrument to ‘save and borrow’ simultaneously. ROSCAs basically started as a way to help in fulfilling the needs of the low-income households as it enables the people to convert their small savings into lump sums. The concept of chit funds originated more than 1000 years ago. Initially it was in the form of an informal association of traders and households within communities, wherein the members contributed some money in return for an accumulated sum at the end of the tenure. Participation in Chit funds was mainly for the purpose of purchasing some property or, in other words, for ‘consumption’ purposes. However, in recent times, there have been tremendous alterations in the constitution and functioning of Chit funds. A significant difference between Chit Funds and ROSCAs are that in most places ROSCAs are user-owned and organized informally, but chit funds have been formally institutionalized in India. (Chit Funds-An innovative access to finance for low income households, 2009)

1.1.1 WHAT DO WE MEAN BY CHIT FUNDS?

Chit fund is a savings-cum-borrowing instrument. The basic aim of this instrument is to pool small amount of savings by all the members which is then managed by a foreman. The foreman has the responsibility to act as a trustee-cum-supervisors for the process of collection and allotment of the pooled amount.

Chit funds represent a traditional form of saving-cum-credit institution evolved before the bank system was introduced in rural India. There are many who avail themselves of this avenue for saving for a reasonable return.

1.1 NEED AND RATIONALE OF THE STUDY

Despite the growth of a wide range of savings avenues and the widespread network of banks and other financial institutions, it has been found that Chit scheme still forms an important part in the asset portfolio of many households and firms in India and especially in South India including Karnataka. Also, the review of literature shows that there are only a few studies on Chit Finance. Therefore, the need to conduct the study stems from the requirement to understand Chit Funds in Bangalore.

1.2 NEED TO CONDUCT THE STUDY

The research titled ‘A Study on Chit Funds in Bangalore to understand the behaviour and financial needs of the chit fund members as well as to identify the important predictors of regular participation in chit funds’ The study estimates the net returns and interest rate on Chit funds. This study tries to point out the limitations of the Chit Acts and suggests feasible recommendations for improving the working of such institutions.

.3.2 STATEMENT OF THE PROBLEM

‘A Study on Chit Funds in Bangalore to understand the behaviour and financial needs of the chit fund members as well as to identify the important predictors of regular participation in chit funds’.

VARIABLES UNDER INVESTIGATION

1. Age

2. Occupation

3. Monthly income

4. Gender

5. Bank loan

6. Regular participation in chit fund

7. Membership in multiple chit schemes

8. Cause for participating in multiple schemes

9. Preferred avenue of saving

10. Preferred source of finance

11. Safety

12. Better service

13. Flexibility

14. Timely Payment

15. Low commission

16. Personal contact

17. Unregistered chit funds membership

18. Cause for participating in unregistered chit funds

19. Cause for not participating in unregistered chit fund

3.5 OBJECTIVES OF THE STUDY

3.5.1 OBJECTIVE(PRIMARY)

1. To understand the behaviour and financial needs of the chit fund members.

2. To identify the important predictors behind chit fund participation

3.5.2 OHER OBJECTIVES OF RESEARCH

1. To estimate interest rates in registered chit funds.

2. To compare the relative ratings of Chit subscribers towards registered and unregistered chit funds on

3. To estimate the return on Chit Funds.

3.6 HYPOTHESIS

There are two types of statistical hypotheses.

1. Null hypothesis

2. Alternative hypothesis.

Hypothesis 1:

H0: There is no significant relation between gender and cause for participation in chit fund.

H1: There is significant relation between gender and cause for participation in chit fund.

Hypothesis 2:

H0: There is no significant relation between occupation and cause for participation in chit fund.

H1: There is significant relation between occupation and cause for participation in chit fund.

Hypothesis 3:

H0: There is no significant relation between age and causes for participation in chit fund

H1: There is significant relation between age and cause for participation in chit fund

Hypothesis 4:

H0: There is no significant relation between monthly income and cause for participation in chit fund

H1: There is significant relation between monthly income and cause for participation in chit fund

Hypothesis 5:

H0: There is no significant relation between gender and causes for bidding in chit fund

H1: There is significant relation between gender and cause for bidding in chit fund

Hypothesis 6:

H0: There is no significant relation between occupation and cause for bidding in chit fund

H1: There is significant relation between occupation and cause for bidding in chit fund

Hypothesis 7:

H0: There is no significant relation between age and cause for bidding in chit fund

H1: There is significant relation between age and cause for bidding in chit fund

Hypothesis 8:

H0: There is no significant relation between monthly income and cause for bidding in chit fund

H1: There is significant relation between monthly income and cause for bidding in chit fund

Hypothesis 9:

H0: There is no significant relation between gender and cause for saving in chit fund

H1: There is significant relation between gender and cause for saving in chit fund

Hypothesis 10:

H0: There is no significant relation between occupation and cause for saving in chit fund.

H1: There is significant relation between occupation and cause for saving in chit fund.

Hypothesis 11:

H0: There is no significant relation between age and cause for saving in chit fund

H1: There is significant relation between age and cause for saving in chit fund

Hypothesis 12:

H0: There is no significant relation between having bank loan and membership in multiple chit schemes.

H1: There is significant relation between having bank loan and membership in multiple chit schemes.

Hypothesis 13:

H0: There is no significant relation between monthly income and participation in unregistered chit funds

H1: There is significant relation between monthly income and participation in unregistered chit funds

Hypothesis 14 :

H0: There is no significant relation between causes to prefer chit fund over bank and having bank loan.

H1: There is significant relation between causes to prefer chit fund over bank and having bank loan.

Hypothesis 15:

H0: Presence of safety, flexibility, timely payment, low commission, better service, personal contact, having a bank loan are no significant predictors of regular participation in chit fund.

H1: Presence of safety, flexibility, timely payment, low commission, better service, personal contact ,having a bank loan,are significant predictors of regular participation in chit fund.

.

3.8 SAMPLING METHOD

Members of four registered chit fund companies in Bangalore. The four registered chit fund companies were selected due to the large size of their subscriber base.

3.8.3 SIZE OF SAMPLE

150 respondents

3.9 MECHANISM OF STUDY

3.9.1 PRIMARY RESEARCH

Questions relating to behaviour and financial pattern will be found out through questionnares

3.9.2 SECONDARY RESEARCH

‘ Reports on chit fund industry

OVERVIEW OF INDIAN CHIT FUND INDUSTRY

4.1.1 NUMBER OF REGISTERED CHIT FUND COMPANIES:

According to the Ministry of Corporate Affairs, as on 31st December, 2013:

Volume of registered chit companies: 5412

Volume of chit companies in Karnataka: 703

Number of chit fund companies in Bangalore: 315

UNREGISTERED CHIT FUND INDUSTRY

Although unregistered chits are an informal source of finance but still they are a significant part of the chit fund industry. Though they are more easily accessible as compared to registered chit funds.

4.3 PURPOSE OF THE STUDY

The study titled ‘A Study on Chit Funds in Bangalore to understand the behaviour and financial needs of the chit fund members as well as to identify the important predictors of regular participation in chit funds’ attempt in The study estimates the net returns and interest rate on Chit funds. This study also examines the limitations of the Chit Acts and suggests suitable recommendations for improving the functioning of such institutions.

4.4 LIMITATION OF STUDY

‘ Unwillingness of the members to share their income and financial details made the task of data collection somewhat difficult.

‘ Collecting data became difficult since I don’t know the regional languages.

5.2 ANALYSIS OF DATA

The analysis is done on the primary data collected from 150 chit funds members in Bangalore

TESTING OF HYPOTHESES

5.4.1 Hypothesis 1:

H0: There is no significant relation between gender and cause for participation in chit fund.

H1: There is significant relation between gender and cause for participation in chit fund.

Chi-Square Tests

Value df Asymp. Sig. (2-sided)

Pearson Chi-Square 31.070a 16 .013

Likelihood Ratio 35.945 16 .003

Linear-by-Linear Association 8.809 1 .003

N of Valid Cases 150

a. 1 cells (10.0%) have expected count less than 5. The minimum expected count is .30.

Symmetric Measures

Value Approx. Sig.

Nominal by Nominal Phi .455 .013

Cramer’s V .228 .013

N of Valid Cases 150

a. Not assuming the null hypothesis.

b. Using the asymptotic standard error assuming the null hypothesis.

INTERPRETATION:

The value of chi-square=31.070 was p=.013, less than 0.05.

We can see that the strength of association between the variables is moderate (Phi and Cramer’s V -0.455).

Therefore, the research hypothesis that differences in ’cause to participate in chit funds’ are related to differences in ‘age” is supported by this analysis. This means that different age groups of the chit fund members have different reasons of participating in chit funds. As can be seen from the table above that those who belong to ’36-45 years’ have saving as the predominant reason to participate whereas members of other age groups do not have any dominant reason to participate.

5.4.2 Hypothesis 2:

Hypothesis 2:

H0: There is no significant relation between occupation and cause for participation in chit fund.

H1: There is significant relation between occupation and cause for participation in chit fund.

Hypothesis 3:

. Hypothesis 3:

H0: There is no significant relation between age and causes for participation in chit fund

H1: There is significant relation between age and cause for participation in chit fund

Chi-Square Tests

Value df Asymp. Sig. (2-sided)

Pearson Chi-Square 10.018a 4 .040

Likelihood Ratio 10.478 4 .033

Linear-by-Linear Association 6.876 1 .009

N of Valid Cases 150

Symmetric Measures

Value Approx. Sig.

Nominal by Nominal Phi .258 .040

Cramer’s V .258 .040

N of Valid Cases 150

a. Not assuming the null hypothesis.

a. Using the asymptotic standard error assuming the null hypothesis.

INTERPRETATION:

The value of chi-square=10.018 was p=.040, less than 0.05.

.We can see that the strength of association between the variables is weak (0.258)

Therefore, the research hypothesis that differences in ’cause to participate in chit funds’ are related to differences in ‘gender” is supported by this analysis. This means that males and females have different reasons of participating in chit funds. As it can be seen that males participate in chit funds for business and personal consumption purposes apart from saving whereas women predominantly participate to save.

5.4

Hypothesis 4:

H0: There is no significant relation between monthly income and cause for participation in chit fund

H1: There is significant relation between monthly income and cause for participation in chit fund

Chi-Square Tests

Value df Asymp. Sig. (2-sided)

Pearson Chi-Square 82.176a 12 .000

Likelihood Ratio 97.665 12 .000

Linear-by-Linear Association 15.696 1 .000

N of Valid Cases 150

Symmetric Measures

Value Approx. Sig.

Nominal by Nominal Phi .740 .000

Cramer’s V .427 .000

N of Valid Cases 150

INTERPRETATION:

We can see that the strength of association between the variables is strong (0.740)

Therefore, the research hypothesis that differences in ‘reason to participate in chit funds’ are related to differences in ‘occupation” is supported by this analysis. It can be seen that the self-employed members mainly participate to avail for business reasons whereas salaried employee participate mainly for personal consumption purposes.

Hypothesis 5:

Hypothesis 5:

H0: There is no significant relation between gender and causes for bidding in chit fund

H1: There is significant relation between gender and cause for bidding in chit fund

Chi-Square Tests

Value df Asymp. Sig. (2-sided)

Pearson Chi-Square 66.691a 20 .000

Likelihood Ratio 43.579 20 .002

Linear-by-Linear Association 4.804 1 .028

N of Valid Cases 150

a. 1 cell (10.0%) has expected count less than 5. The minimum expected count is .07.

Symmetric Measures

Value Approx. Sig.

Nominal by Nominal Phi .667 .000

Cramer’s V .333 .000

N of Valid Cases 150

a. Not assuming the null hypothesis.

b. Using the asymptotic standard error assuming the null hypothesis.

INTERPRETATION:

The (chi-square=66.691) was p=.000, less than 0.05.

We can see that the strength of association between the variables is moderately strong (0.667)

Therefore, the research hypothesis that differences in ’cause to bid in chit funds’ are related to differences in ‘age” is supported by this analysis. It can be seen that the members of age group’36-45 years’ are more interested in bidding for business related purposes where members of other age groups bid mainly for emergency needs.

5.4.6 Hypothesis 6:

. Hypothesis 6:

H0: There is no significant relation between occupation and cause for bidding in chit fund

H1: There is significant relation between occupation and cause for bidding in chit fund

Chi-Square Tests

Value df Asymp. Sig. (2-sided)

Pearson Chi-Square 7.167a 5 .209

Likelihood Ratio 7.885 5 .163

Linear-by-Linear Association 1.120 1 .290

N of Valid Cases 150

a. 5 cells (41.7%) have expected count less than 5. The minimum expected count is .81.

Symmetric Measures

Value Approx. Sig.

Nominal by Nominal Phi .219 .209

Cramer’s V .219 .209

N of Valid Cases 150

a. Not assuming the null hypothesis.

b. Using the asymptotic standard error assuming the null hypothesis.

INTERPRETATION:

The probability of the chi-square test statistic (chi-square=7.167) was p=.209, more than the alpha level of significance of 0.05.

Therefore, the research hypothesis that differences in ‘reason to bid in chit funds’ are related to differences in ‘gender” is not supported by this analysis.

5.4.7 Hypothesis 7:

Hypothesis 7:

H0: There is no significant relation between age and cause for bidding in chit fund

H1: There is significant relation between age and cause for bidding in chit fund

Chi-Square Tests

Value df Asymp. Sig. (2-sided)

Pearson Chi-Square 180.915a 15 .000

Likelihood Ratio 160.460 15 .000

Linear-by-Linear Association 28.379 1 .000

N of Valid Cases 150

a. 1 cell (10.0%) has expected count less than 5. The minimum expected count is .13.

Symmetric Measures

Value Approx. Sig.

Nominal by Nominal Phi 1.098 .000

Cramer’s V .634 .000

N of Valid Cases 150

INTERPRETATION:

The (chi-square=180.915) was p=.000, less than 0.05.

We can see that the strength of association between the variables is extremely strong (1.098)

Therefore, the research hypothesis that differences in’ are related to differences in ‘occupation” is supported by this analysis. It can be clearly seen that self-employed people bid in chit scheme mostly for business purposes, salaried people for emergency needs and housewives for household purposes.

5.4.8 Hypothesis 8:

Hypothesis 8:

H0: There is no significant relation between monthly income and cause for bidding in chit fund

H1: There is significant relation between monthly income and cause for bidding in chit fund

Chi-Square Tests

Value df Asymp. Sig. (2-sided)

Pearson Chi-Square 123.331a 35 .000

Likelihood Ratio 106.298 35 .000

Linear-by-Linear Association 4.957 1 .026

N of Valid Cases 150

INTERPRETATION:

The probability of the chi-square test statistic (chi-square=123.331) was p=.000, less than the alpha level of significance of 0.05.

We can see that the strength of association between the variables is extremely strong (.907)

Therefore, the research hypothesis that differences in ‘reason to bid in chit funds’ are related to differences in ‘income” is supported by this analysis. It can be clearly seen that low income members bid mostly for consumption reasons whereas higher income members bid for business related and emergency purposes.

SUMMARY:

Reason to bid in chit fund has the strongest association with the occupation of the chit fund members as the probability of the chi-square test statistic (chi-square=180.915) was p=.000 and the strength of association between the variables is extremely strong (1.098).

5.4.

Hypothesis 9:

H0: There is no significant relation between gender and cause for saving in chit fund

H1: There is significant relation between gender and cause for saving in chit fund

Chi-Square Tests

Value df Asymp. Sig. (2-sided)

Pearson Chi-Square 21.702a 16 .153

Likelihood Ratio 23.775 16 .095

Linear-by-Linear Association 2.397 1 .122

N of Valid Cases 150

INTERPRETATION:

The chi-square=123.331) was p=.153, more than 0.05. Therefore, the research hypothesis that differences in ’cause to save in chit funds’ are related to differences in ‘age” is not supported by this analysis.

5.4.10 Hypothesis 10:

H0: There is no significant relation between occupation and cause for saving in chit fund.

H1: There is significant relation between occupation and cause for saving in chit fund.

Chi-Square Tests

Value df Asymp. Sig. (2-sided)

Pearson Chi-Square 20.510a 4 .000

Likelihood Ratio 29.038 4 .000

Linear-by-Linear Association 7.062 1 .008

N of Valid Cases 150

a. 1 cell (10.0%) has expected count less than 5. The minimum expected count is .81.

Symmetric Measures

Value Approx. Sig.

Nominal by Nominal Phi .370 .000

Cramer’s V .370 .000

N of Valid Cases 150

a. Not assuming the null hypothesis.

b. Using the asymptotic standard error assuming the null hypothesis.

INTERPRETATION:

The chi-square=20.510) was p=.000, less than 0.05.

We can see that the strength of association between the variables is weak (.370).Therefore, the research hypothesis that differences in ’cause to save in chit funds’ are related to differences in ‘gender” is supported by this analysis.

5.4.11 Hypothesis 11:

Hypothesis 11:

H0: There is no significant relation between age and cause for saving in chit fund

H1: There is significant relation between age and cause for saving in chit fund

Chi-Square Tests

Value df Asymp. Sig. (2-sided)

Pearson Chi-Square 67.261a 12 .000

Likelihood Ratio 60.380 12 .000

Linear-by-Linear Association 9.507 1 .002

N of Valid Cases 150

a. 1 cell (10.0%) has expected count less than 5. The minimum expected count is .13.

Symmetric Measures

Value Approx. Sig.

Nominal by Nominal Phi .670 .000

Cramer’s V .387 .000

N of Valid Cases 150

INTERPRETATION:

The chi-square=67.261 was p=.000, less than 0.05.

We can see that the strength of association between the variables is moderately strong(.670).Therefore, the research hypothesis that differences in ‘reason to cause in chit funds’ are related to differences in ‘occupation” is supported by this analysis. Salaried people save their money in chit fund with no particular purpose. But self-employed people are equally interested in saving for house purchase as well as for general purpose.

SUMMARY:

chit fund is most closely associated with occupation of the chit fund members as it has the highest value of chi-square statistic and Phi coefficient.

5.4.12 Hypothesis 12:

Hypothesis 12:

H0: There is no significant relation between having bank loan and membership in multiple chit schemes.

H1: There is significant relation between having bank loan and membership in multiple chit schemes.

Chi-Square Tests

Value df Asymp. Sig. (2-sided)

Pearson Chi-Square 56.697a 3 .000

Likelihood Ratio 67.900 3 .000

Linear-by-Linear Association 36.400 1 .000

N of Valid Cases 150

INTERPRETATION:

The probability of the chi-square test statistic (chi-square=56.697) was p=.000, less than the alpha level of significance of 0.05.

We can see that the strength of association between the variables is strong (.615).

Therefore, the research hypothesis that differences in ‘membership in multiple chit schemes are related to differences in ‘having currently bank loan” is supported by this analysis. It is clearly evident that those members currently having bank loan have invested in only one chit scheme whereas those members who do not have availed bank loan have invested in more than one chit schemes.

5.4.13 Hypothesis 13:

Hypothesis 13:

H0: There is no significant relation between monthly income and participation in unregistered chit funds

H1: There is significant relation between monthly income and participation in unregistered chit funds

.

Chi-Square Tests

Value df Asymp. Sig. (2-sided)

Pearson Chi-Square 96.660a 7 .000

Likelihood Ratio 85.378 7 .000

Linear-by-Linear Association 59.577 1 .000

N of Valid Cases 150

a. 1 cell(10.0%) has expected count less than 5. The minimum expected count is 1.08.

INTERPRETATION:

The chi-square=96.660 was p=.000, less than 0.05.

We can see that the strength of association between the variables is extremely strong (.803).

Therefore, the research hypothesis that differences in ‘participation in unregistered chit funds’ are related to differences in ‘income” is supported by this analysis. It is clearly evident that mostly low- income members have participated in unregistered funds. This is because the registered funds have become expensive due to the increase in their operational cost as a result of stringent regulations.

5.2.14 Hypothesis 14 :

H0: There is no significant relation between causes to prefer chit fund over bank and having bank loan.

H1: There is significant relation between causes to prefer chit fund over bank and having bank loan

Chi-Square Tests

Value df Asymp. Sig. (2-sided)

Pearson Chi-Square 28.049a 5 .000

Likelihood Ratio 31.806 5 .000

Linear-by-Linear Association 2.967 1 .085

N of Valid Cases 150

a. 2 cells (15.0%) have expected count less than 5. The minimum expected count is 1.79.

Symmetric Measures

Value Approx. Sig.

Nominal by Nominal Phi .432 .000

Cramer’s V .432 .000

N of Valid Cases 150

INTERPRETATION:

The probability of the chi-square test statistic (chi-square=28.049) was p=.000, less than the alpha level of significance of 0.05.

We can see that the strength of association between the variables is moderate (.432).

Therefore, the research hypothesis that differences in ’cause to prefer chit fund over bank’ are related to differences in ‘having bank loan” is supported by this analysis. It is clearly evident that members who have bank loan have preferred chit fund over bank mainly due to better dividends. But those who do not have bank loan prefer chit fund over bank mainly due to better service in terms of more personalized service.)

5.2..15 Hypothesis 15: To identify significant predictors of regular participation in chit funds using Binary Logistic Regression

Hypothesis 15:

H0: Presence of safety, flexibility, timely payment, low commission, better service, personal contact, having a bank loan are no significant predictors of regular participation in chit fund.

H1: Presence of safety, flexibility, timely payment, low commission, better service, personal contact ,having a bank loan,are significant predictors of regular participation in chit fund.

Variables in the Equation

B S.E. Wald df Sig. Exp(B)

Step 0 Constant -1.046 .186 31.574 1 .000 .351

Model Summary

Step -2 Log likelihood Cox & Snell R Square Nagelkerke R Square

1 37.170a .533 .576

a. Estimation terminated at iteration number 6 because parameter estimates changed by less than .001.

Variables in the Equation

B S.E. Wald df Sig. Exp(B)

Step 1a bank_loan(1) 1.068 1.265 14.715 1 .000 11.720

reason_2 2.286 4 .683

reason_2(1) 1.336 1.077 1.540 1 .215 3.805

reason_2(2) .134 2.239 .004 1 .952 1.143

reason_2(3) -.559 1.896 .087 1 .768 .572

reason_2(4) .731 1.347 .294 1 .588 2.076

reason_3 4.874 5 .431

reason_3(1) 1.188 .924 1.652 1 .199 3.279

reason_3(2) 1.661 2.048 .658 1 .417 5.263

reason_3(3) -1.654 1.228 1.813 1 .178 .191

reason_3(4) .404 1.192 .115 1 .735 1.497

reason_3(5) -17.379 20.722 .000 1 .700 .000

reason_4 .355 4 .986

reason_4(1) -1.047 1.850 .320 1 .571 .351

reason_4(2) -.839 1.979 .180 1 .672 .432

reason_4(3) -.932 1.637 .324 1 .569 .394

reason_4(4) 3.519 4.199 .000 1 .600 3.746

reason_5 8.553 5 .128

reason_5(1) -.254 1.768 .021 1 .886 .776

reason_5(2) -19.245 9.890 .000 1 .999 .000

reason_5(3) 1.420 1.338 1.126 1 .289 4.136

reason_5(4) -.747 1.306 .327 1 .567 .474

reason_5(5) .561 1.342 .174 1 .676 1.752

B S.E. Wald df Sig. Exp(B)

Step 1a Safety -.075 .320 4.377 1 .011 0.928

Flexi -.178 .426 3.337 1 .021 0.837

commision -.185 .188 1.868 1 .026 0.831

payment -.267 .178 1.657 1 .097 0.766

service -.859 .412 1.348 1 .083 0.424

personal -1.122 .163 .996 1 .079 0.329

Constant 3.058 2.440 1.571 1 .010 21.291

a. Variable(s) entered on step 1: : bank_loan, reason_2, reason_3, reason_4, reason_5.imp1, imp2, imp3, imp4, imp5, imp6.

INTERPRETATION:

‘ -2 Log Likelihood statistic is 37.170. This statistic how poorly the model predicts the decisions — the smaller the statistic the better the model. Since, 37.170 is a relatively small number therefore, this model is able to predict the decisions in a better way.

‘ Here Cox & Snell R Square statistic indicates that 53.3% of the variation in the regular participation in chit funds is explained by the logistic model.

‘ In our case Nagelkerke R Square is 0.576, indicating a moderate relationship of 57.6 % between the predictors and the prediction.

‘ If it is less than .05 then, we will reject the null hypothesis and accept the alternative hypothesis.

‘ In this case, we can see that bank loan, safety, flexibility and low commission have contributed signi’cantly to the prediction of regular participation in chit funds but other variables are not significant predictors of regular participation in chit funds.

‘ Since only bank loan has p=.000, therefore we can say that bank loan is the most significant predictor

among other significant predictors. This is followed by safety (p=.011), flexibility (p=.021) and low commission (p=.026).

‘ Here, the EXP (B) bank loan is 11.727. Hence when bank loan is availed by one unit (one person) the odds ratio is 11 times as large and therefore people are 11 more times likely not to regularly participate in chit funds.

‘ Here, the EXP (B) with safety is .928. Hence when safety is increased by one percent the odds ratio is .928 times as large and therefore people are .928 more times likely to regularly participate in chit funds.

‘ Here, the EXP (B) flexibility is 837. Hence when flexibility is increased by one percent the odds ratio is .928 times as large and therefore people are .837 more times likely to regularly participate in chit funds.

‘ Here, the EXP (B) low commission is .831. Hence when flexibility is increased by one percent the odds ratio is .928 times as large and therefore people are .831 more times likely to regularly participate in chit funds.

SUMMARY

Bank loan is the most significant predictor of regular participation in chit funds. This is followed by safety, flexibility and low commission.

Instalment no No of months remaining Monthly subscription Prize amount PV of monthly subscription(PV of outlow at 10%) PV of Prize amount(PV of inflow at 10%) Net Present Value(PV of inflow – PV of outflow)

1 24 2000 50000 2000 50000 10444.9

2 23 1500 35000 1488.1 34723.1 -4832.0

3 22 1500 35000 1476.4 34448.4 -5106.7

4 21 1500 35000 1464.7 34175.9 -5379.2

5 20 1500 35000 1453.1 33905.5 -5649.6

6 19 1500 35000 1441.6 33637.3 -5917.8

7 18 1500 35000 1430.2 33371.2 -6183.9

8 17 1500 35000 1418.9 33107.2 -6447.9

9 16 1620 38000 1520.3 35660.6 -3894.5

10 15 1620 38000 1508.2 35378.5 -4176.6

11 14 1700 40000 1570.2 36945.9 -2609.2

12 13 1700 40000 1557.8 36653.6 -2901.5

13 12 1780 42000 1618.2 38181.8 -1373.3

14 11 1780 42000 1605.4 37879.8 -1675.3

15 10 1780 42000 1592.7 37580.1 -1975.0

16 9 1860 44000 1651.1 39058.2 -496.9

17 8 1860 44000 1638.0 38749.2 -805.9

18 7 1860 44000 1625.1 38442.6 -1112.5

19 6 1940 46000 1681.6 39872.1 317.0

20 5 1940 46000 1668.3 39556.6 1.5

21 4 1940 46000 1655.1 39243.7 -311.4

22 3 1940 46000 1642.0 38933.2 -621.8

23 2 1940 46000 1629.0 38625.2 -929.8

24 1 1940 46000 1616.1 38319.7 -1235.4

25 0 1940 46000 1603.3 38016.5 -1538.6

39555.1 934465.9 -54411.4

[supanova_question]

Merit goods devry tutorcom essay help

Merit goods are goods which will be under-provided by the market, therefore they will be under-consumed. They are thought by the governments to be good for the populations and so the governments want them to be consumed to a great extent. They increase the private and social benefits and cause the social benefit be higher than the private one. The best examples of them, apart from all the public goods, can be the education, health care, sports facilities and the opera.

Although the majority of the merit goods is provided by the private sectors, not all the people can afford buying them, therefore they will be under-consumed. That is why the government is needed to destroy the market failure increasing the supply and consequently raising the consumption.

To explain the reasons for government to provide the merit goods, I need to apply some examples of them. The first one can be the education. It is significant for the governments to provide it so that the society would be well-educated. Governments determine the period of education required for people (the compulsory education) to maintain the proper level of education of the society. The governments find education an important aspect that should be available for everyone as it cause the whole country to have better both economic growth and economic development.

Considering another example such as health care, the situation is quite similar. The governments want to provide the population with it because they care about the high states of health of society in their country. To gain these, the countries need to have high quality of health care. Governments often offer people unpaid programs consisting of preventative medical examination which contribute to maintain the high number of healthy people. This is also connected with the problems of the labour market. The healthier people are, the more efficient their work is, the greater revenue firms have and countries are more developed because of taxations.

Other examples like sport facilities or the opera are meant for people to become physically and culturally developed but their availability is not as important as in the case of the previous examples. That is why they are not as much provided by the governments as the rest of the merit goods.

Although most of the merit goods provided by the governments are free, the fact is that they are paid through the taxes that the societies pay. The number of the merit goods of particular types that the governments provide or subsidize depends on the necessity of them. If they are provided, the societies’ benefits get higher and so is the public treasury of the countries.

[supanova_question]

Research proposal: The effect of pregnancy on the adolescent pregnant teen & father narrative essay help

Abstract: The purpose for this research paper is to address the adolescent pregnant teen & father and the effects a pregnancy has on both of their lives during and after her pregnancy. How the teens need the support of the family, community, church, and the school system. I will also address the teen father mostly disregarded in any aspect of the teen’s pregnancy and how this affects him, and how both teens need support in our society. How we can address the social problem of teen pregnancy from all avenues.

‘Three issues that have an impact on the pregnant adolescent are discussed education, identity development, and maternal support’ (Turnage & Pharris, 2013). My research focuses on adolescent pregnant teen women 19 years old and younger. It will also reflect the problems of the teen pregnant adolescents journeying thru the process of becoming a teen mother, finishing high school, developing her own identity and the maternal support she gets from her mother during her transition from pregnant teen to motherhood.

‘Several issues that differently influence the pregnant teen is individually based on the female’s chronological age’ (Turnage & Pharris, 2013). ‘For the pregnant adolescent, her pregnancy supersedes high school graduation as the benchmark for her being viewed as an adult’ (Turnage & Pharris, 2013). ‘Failure to graduate high school is associated with poor social and educational outcomes for teen mothers and their children’ (Turnage & Pharris, 2013).

‘While the pregnant adolescent is defining who she is as a person she experiences a transition to the new identity of mother’ (Turnage & Pharris, 2013). ‘During her pregnancy the adolescent’s mother is seen as the primary source of support that contributes to a positive self-image and can assist her in the adapting to the role of parent’ (Turnage & Pharris, 2013).

My research paper will also show how important it is to support the teen during and after pregnancy. It addresses the need for the teen mothers to finish high school, and find her identity. How important it is to have the support system of her mother and family to achieve all of these things. Without these support systems, the pregnant adolescent could end up in poverty, no social skills, homeless and a host of other social problems for her and her baby.

Addressed and examined is teen motherhood and its long-term mental and physical health of the teen mother’ (Patel & Sen, 2012). They used a (PCS) health survey known as SF-12 NLSY79 a study that compared two major comparisons groups of which only teens who experienced teen pregnancy and girls who did not experience teen pregnancy. On average the survey for teen mothers was on average 50.89.

The study to access the health outcome of ‘two major comparison groups, which consisted of women who were only experienced teen pregnancy & women who were having unprotected sexual relation as a teen but did not become pregnant ‘ (Patel & Sen, 2012). Estimated is that teen mothers are more likely to have poor health later in life in the study of all the comparison groups.

Along with support, they desperately need help taking care of an infant as a teen; they need a support system to take notice of how they are managing their health & well-being so that they can be a successful teen parent. In addition, being a teen parent can affect the mother’s mentally as the pressure of being new teen mom can be stressful.

The teen mothers who marry after they give birth to their children statistics state that 30 % of them will not remain in their marriages into their 40’s. This result comes from teen adolescents in a single parent home raising their child. This can put a strain on the teen adolescent because she will financially have to seek support from her family or enter into the welfare system and suffer mental health issues.

‘Adolescent teen mothers identify social support with, parenting and emotional support primary emanating from family members, particularly their own mothers, as well as from the father of the baby (Savio Beers & Lee, 2009)’. ‘Older sisters may play an important role in the support network for adolescent mothers, the supportive sister relationships decrease depressive and anxiety-related symptoms in adolescent mothers (Savio Beers & Lee, 2009).

‘For some adolescent parents, participation in a religious community programs may provide the significant social support and serve as a protective factor’ (Savio Beers & Lee, 2009). This directly stresses the point that without the support of family, community, and church with the support of the father the adolescent teen mother can suffer mental issues, poverty issues, and marriage problems.

We addressed the many issues that teen mothers have to face, so now I would like to address the teen father in our society. What are their concerns on becoming a teen father, and how do they view their role as father where their masculinity is concerned? While most of the research done on teen pregnancy and parenting mainly focusing on the mother, the father is invisible.

Interviewed were 26 young teen fathers in the mid-western American towns. The in depth survey of three themes of gender discord focused on teen father narratives, which took on responsibility, sex, being a man, this is the direct viewpoint of the invisible teen father. What they feel about getting a teen girl pregnant and what responsibility they take in the pregnancy if any. How they relate to getting a teen pregnant and how that affects his identity as a man and their masculinity.

‘Gendered assumptions regarding pregnancy and contraception’specifically that women are in charge of preventing pregnancy and they have the belief that male sexuality is uncontrollable; and that use of love and intimacy talk (Weber, J. B., 2013). The teen fathers that took the questionnaire did not blame themselves for getting the teen girl pregnant. They see the teen’s pregnancy as her problem.

Studies suggest that teen fathers are more likely to be of a minority race. He has a mother who had a baby as a teen; his parents have a minimal education. His parents do not have high expectations of him finishing school; all of these factors result in the likelihood that makes him a candidate to becoming a teenage father. ‘The research states that the teen fathers go to school fewer years less than non-teenage fathers (Fletcher & Wolfe, 2011).

‘Evidence shows that men who have children before marriage leave school earlier and have worse labor markets outcomes’ (Fletcher & Wolfe, 2011). ‘Data was used only on young men who reported a pregnancy as an adolescent’ (Fletcher & Wolfe, 2011). It affects his completion of high school.

It also affects his ability to take care of the teen mother & baby, which causes him to drop out of school early. Statistically, ‘teen fathers work more hours and earn more money following the birth of a child then his non-parent counterparts’ (Fletcher & Wolfe, 2011). Teen fatherhood results in the teen father getting married early or co-habitation with the teen mother.

In conclusion, teen pregnancy is a social problem in the United States both teens will have to suffer in their education, grow up before their time, take on adult responsibilities, and suffer financial problems to take care of the child. Which ultimately falls on the parents of the teens, society or the welfare system in which the teen mother becomes a social statistic or shall I say a number.

Teen pregnancy as of 2014 have been on the decline in the United States and increased in other states, however a positive support system for both teens is minimal at best. Socially as communities, churches and government we have to take an active role in education of abstaining from sex, talking to the teens about sex, and protecting themselves against pregnancy.

[supanova_question]

Reconnaissance attacks in IPv6 networks high school essay help

2.1.1 Reconnaissance attacks in IPv6 networks

The 1st larger attack in IPv6 is usually a reconnaissance attack. An attacker try reconnaissance attacks to get some confidential information about the victim network that can be misused by the attacker in further attacks. For this he uses active methods, such as scanning techniques or data mining strategies. To start, an intruder begins to ping the victim network to determine the IP addresses currently used in the victim network. After getting some of the accessible system, he starts to scan the port to find out any open port in the desired system. The size of subnet is bigger than that of the in IPv4 networks. To perform a scan for the whole subnet an attacker should make 264 probes and that???s impossible. With this fact, IPv6 networks are much more resistant to reconnaissance attacks than IPv4 networks. Unfortunately, there are some addresses which are multicast address in IPv6 networks that help an intruder to identify and attack some resources in the target network.

2.1.2 Security threats related to IPv6 routing headers

As per IPv6 protocol specification, all of the IPv6 nodes must be able to process routing headers. In fact, routing headers can be used to avoid access controls based on destination addresses. Such action can cause security effects. It may be happen that an attacker sends a packet to a publicly accessible address with a routing header containing a ???forbidden??? address on the victim network. In such matter the publicly accessible host will forward the packet to the destination address stated in the routing header even though that destination is already filtered before as a forbidden address. By spoofing packet source addresses an intruder can easily perform denial of service attack with use of any publicly accessible host for redirecting attack packets.

2.1.3 Fragmentation related security threats

As per IPv6 protocol specification, packet fragmentation by the intermediate nodes is not permitted. Since in IPv6 network based on ICMPv6 messages, the usage of the path MTU discovery method is a duty, packet fragmentation is only allowed at the source node.1280 octets is the minimal size of the MTU for IPv6 network. The packets with size less than 1280 octets to be discarded unless it???s the last packet in the flow as per security reasons. With use of fragmentation, an attacker can get that port numbers not found in the first fragment and thus they bypass security monitoring devices expecting to find transport layer protocol data in the very first fragment. An attacker will send a huge amount of small fragments and create an overload of reconstruction buffers on the victim system which resulted to the system crash. To prevent system from such attacks it???s necessary to bound the total number of fragments and their permissible arrival rate.

[supanova_question]

WMBA 6000-13 Topic: Course Evaluation personal essay help

WMBA 6000-13

Topic: Course Evaluation

Date: March 2, 2014

Based on the assigned readings for this course (Dynamic Leadership), I have read an enormous amount of information about the different categories of leaders and leadership styles. Today’s leaders are different from the leaders of twenty to fifty years ago. In the past leaders gave commands and they controlled the actions of others. Today leaders are willing to involve others in their decision making and they are more open to new possibilities.

A good leader has a vision for their organization and they know how to align and engage employees in order to promote collaboration. The successful leader knows how to lead by using superior values, principles and goals that fit the organization’s values, principles and goals. Also these leaders know that leadership is not made from authority, it’s made from trust and followership. Coleman, J., Gulati, & Segovia, W.O. (2012)

I am impressed most by the characteristics of the authentic leader because they know how to develop themselves; they use formal and informal support networks to get honest feedback in order to drive long-term results. Authentic leaders build support teams to help them stay on course and counsel them in times of uncertainty. George, B., Sims, P., Mclean, A.N. & Mayer D. (2007)

In addition, I found the Leadership Code to be important because it provides structure and guidance and helps one to be a better leader by not emphasizing one element of leadership over another. Some focus on the importance of vision for the future; others on executing in the present; others on personal charisma and character; others on engaging people’; and others on building long-term organization. The code represents about 60 to 70 percent of what makes an effective leader. Ulrich, D., Smallwood, N., Sweetman, K. (2008)

The information that I acquired from this course will help me to pursue the goal of owning a beauty supply business. Another goal that I can add to my action plan is to include not only wigs and welted hair, but I will add hair, skin and nail products to my inventory. A future goal will be to add handbags and accessories as well.

After completing my short-term goal of finishing my MBA, I can take the knowledge from this course along with my values, ethics and principles to help me to manage employees and operate a successful business. Annie Smith (March 2, 20

Coleman, J. G. (2012). Educating young leaders. Passion and Purpose , 197-202.

George, B. S. (2007). Discovering your authentic leadership. Harvard Business Review , 129-138.

Lyons, R. (2012). Dean of Haas of School of Business University of California, Berkely. It’s made from followership. (J. G. Cole, Interviewer) Coleman, J., Gulati, D., & Segovia, W.O.

Ulrich, D. S. (2008). Five rules of leadership. In The leadership code five rules to lead by. Defining Leadership Code , 1-24.

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Family presence during CPR (cardiopulmonary resuscitation) essay help tips

In a pre-hospital setting, there are few moments that are as intense as the events that take place when trying to save a life. Family presence during these resuscitation efforts has become an important and controversial issue in health care settings. Family presence during cardiopulmonary resuscitation (CPR) is a relatively new issue in healthcare. Before the advent of modern medicine, family members were often present at the deathbed of their loved ones. A dying person’s last moments were most often controlled by his or her family in the home rather than by medical personnel (Trueman, History of Medicine). Today, families are demanding permission to witness resuscitation events. Members of the emergency medical services are split on this issue, noting benefits but also potentially negative consequences to family presence during resuscitation efforts.

A new study has found that family members who observed resuscitation efforts were significantly less likely to experience symptoms of post-traumatic stress, anxiety and depression than family members that did not. The results, published in an online article in The New England Journal of Medicine, entitled ‘Family Presence during Cardiopulmonary Resuscitation,’ were the same regardless of the survival of the patient. The study involved 570 people in France whose family members were treated by emergency medical personnel at home. These EMS teams were unique in that they were comprised of a physician, a nurse trained in emergency medicine, and two emergency medical technicians. The study found that the presence of relatives did not affect the results of CPR, nor did it increase the stress levels of the emergency medical teams. Having family present also did not result in any legal claims after the incidents occured. While the unique limitations of the study warrant consideration, the results show a definite benefit in having families stay during CPR (Jabre Family Presence).

Historically, although parents of children have been allowed to be present for various reasons, relatives of adult patients have not. As medical practices change to increasingly involve family in the care of patients, growing numbers of emergency medical practitioners say that giving relatives the option of watching CPR can be a good idea. Several national organizations, including The American Heart Association, have revised their policies to call for giving family members the option of being present during CPR (AHA Guidelines for CPR). Witnessing CPR, say some emergency medical experts and family members, can take the mystery out of what could be a potentially terrifying experience. It can provide reassurance to family members that everything is being done to save their loved ones. It also can offer closure for relatives wanting to be with their family members until the last minute (Kirkland Lasting Benefit). Another benefit is that it shows people why reviving someone in cardiac arrest is much less likely than people assume from watching it being done on television (Ledermann Family Presence During). Family members who can truly understand what it means to ‘do everything possible’ can go on to make more informed decisions about end-of-life care for themselves or their families.

There are three perspectives on this issue- that of the emergency medical personnel providing care, the family, and the patients. The resistance on the part of the medical community to family presence during CPR stems from several different concerns. The most common concern among these is that family members, when faced with overwhelming fear, stress and grief, could disrupt or delay active CPR. Another concern raised by emergency medical personnel is that the realities of CPR may simply be too traumatic for loved ones, causing them to suffer more than they potentially would have if they had never witnessed the event. Some families share this view, citing the potential for extreme distress as a main reason for not wanting to witness resuscitation (Grice Study examining attitudes). Many emergency medical personnel also fear an increased risk of liability and litigation with family members present in the room (Fullbrook the Presence of Family). The worry is that errors can occur, inappropriate comments may be made, and the actions of the personnel involved may be misinterpreted. In an already tense situation, the awareness of the family could increase the anxiety of the personnel and create a greater potential for mistakes.

Another complication that arises from having families present during resuscitation attempts is that of patient confidentiality. The patient’s right to privacy should not be circumvented with implied consent. There is always the possibility that medical information previously unknown to the family may be revealed in the chaos of resuscitation. In addition, patient dignity, whether physical or otherwise, may become compromised (Fullbrook the Presence of Family). Beyond moral considerations, legal concerns regarding revealing patient information are real. This could become an even larger issue if there is no one available to screen witnesses, which could result in unrelated people gaining access to personal information. Eventually, a breach in confidentiality can lead to a breach in the confidence that the public has gained in pre-hospital emergency care.

Family presence during CPR in a pre-hospital setting remains a highly debatable topic. This could be largely due to the fact that the needs of the emergency medical providers and the rights of the patients can be at odds with the wishes of the family members. Although there are several possible reasons why family presence is not being welcomed into daily practice, one of the major reasons could be the lack of formal written policies that define the roles of families and providers placed into this situation. Bringing family members into a situation where CPR is being performed on a loved one should not happen haphazardly. It should happen with careful concern and support for everyone involved. Policies and protocols, defined by experienced personnel, can provide legal and emotional support. They can also potentially help ease anxiety by defining expectations and placing responsibility in the hands of people who are experienced enough to know how to handle the situation appropriately. The policies and protocols should address the basic needs of all people involved. Five basic needs should be addressed:

1. The number of people allowed to be present

2. Which relatives should be allowed to be present (age, relationship, etc.)

3. The role of the family members present and what is expected of them.

4. The place where the family should remain during the duration of CPR.

5. The formal wishes of the patient- written as a directive like a living will.

An important component of this is available, trained staff that can prepare the family members for what they will witness, support them through the event, and then direct them after the event’s conclusion.

The American Heart Association states that the goals of cardiopulmonary resuscitation are, ‘to preserve life, restore health, relieve suffering, limit disability, and respect the individual’s decisions rights and privacy’ (AHA Guidelines for CPR). The practice of offering family members the opportunity to be present during CPR is a controversial ethical issue in emergency medical services. While the results of the study published on this topic in The New England Journal of Medicine clearly show no negative side effects from having families present during resuscitation attempts, the limitations of the study lend to the need for more research before it could be universally accepted.

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Respondeat Superior free essay help

Legal claims that derive from a situation where there are claims of negligence can sometimes involve an entity other than the neglectful parties. In certain circumstances employers are fully responsible for their employees, and the tasks they perform during working hours. During the course of this paper, the doctrine of respondeat superior will be defined and explained. Two case studies in which the doctrine was applied will also be analyzed to determine if it was applied correctly.

Respondeat superior is a legal theory that holds employers responsible for any negligent or harmful act performed by an employee during the commission of their employment duties (Thornton, 2010). The Maryland Supreme Court in 1951 was the first court to utilize respondeat superior in a court case involving a question of employer liability (Burns, 2011). This doctrine is important as it holds employers liable in court cases where one of its employees does harm to an individual. Vicarious liability and indirect liability are two base concepts that make-up respondeat superior (Thornton, 2010). Respondeat superior shows that the employer did not have to be responsible for the employee???s negligent behavior, in the form of improper training or instruction to perform harmful acts, in order for the employer to be held legally responsible.

In the case of Valle v. City of Houston, the police force was sued for excessive force and an illegal search in an attempt to remove an individual from his parent???s home (Nicholl & Kelly, 2012). The situation stemmed from a man, Omar Esparza, barricading himself in his parent???s home and refusing to come out (p. 285). After a long police standoff, the SWAT team was ordered to forcefully enter the home and remove Mr. Esparza (p. 285). The SWAT team utilized taser gun and bean bag ammunition in an attempt to subdue Mr. Esparza after they felt he posed a physical threat by wielding a hammer, but as those attempts failed the suspect was fatally wounded when an officer fired his weapon (p. 286). Shortly after the incident the mother was allowed into the home, and she reported no visible evidence that her son was possession of a hammer (p. 286). The court found that the city was not liable for damages under the theory of respondeat superior, because the order to remove the individual from the home was not made by an individual deemed as a decision-maker by the city (p. 286).

From the outside, this case seems to fit the theory of respondeat superior. As the employer, the city should be held responsible for the actions of its employees. The police, serving as the city???s employees acted in a manner that was unnecessary for the situation and in conflict of their training (p. 286). However, the court sided with the City of Houston because the chain of command was not followed in regards to the use of force (p. 286). The end result is a case where an individual made a decision that was not his to make; that ultimately cost a man his life.

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An Empirical Study Of Underpricing Of Initial Public Offerings In Bombay Stock Exchange In Different Industries Summary And Response Essay Help

CHAPTER 1

INTRODUCTION

1.1 BACKGROUND OF THE STUDY

One important step in the life of a company is going public. It gives access to large amount of equity for an indefinite time. It helps company to raise finance for its organic growth or acquire other companies. At the same time, it increases the reputation of the company and put it into spotlight by giving statue to the firm and its employees. However, this will entail increased regulation and higher transparency. Moreover, IPOs experience on average high initial returns.

The initial excess return or underpricing has received a lot of attention in the past, Underpricing is pricing of the issue at a price less than the true value of the share. It has been observed that IPOs are underpriced in most of the countries (Loughran, Ritter and Rydqvist 1994). The degree of underpricing varies from country to country and issue to issue in the same country. The underpriced IPO leaves money on the table that is cost to the company (loss of capital) and this left money converts itself into gain by providing high returns to the investors due to underpricing of issue. So, even though underpricing is cost for the company, it retorts to it.

Determining the value of company by determining the price of IPO is a key aspect while going public. Internationally it is seen that valuation done by company and by market differs. The valuation differs because participants have different interest. The issuing company wants the price to be more because it wants to raise maximum funds whereas investor wants to buy to buy at least price. Moreover the pricing of issue is not limited to these two parties, it impacts economy too. So if the firm prices too high, investors would not buy it and if firm price low then it leaves the money on the table and this would be loss of capital for company. The high and the low price is deviation from true value of issue, which is determined by market factors on the listing day.

High underpricing of IPO is undesirable for: capital market, issuing firm and economy. For capital market it leads to arbitrage condition. For issuing firm, it leads to loss of fund which it could have raised if issue had not been underpriced. For an economy it reduces the resource mobilisation because those companies which do not want or cannot afford leaving money on the table would not raise funds by initial public offerings.

There are various theories which try to explain underpricing but no theory explain it to full extent. It appears that the prime factor causing IPO underpricing is asymmetric information (Rock (1986)) between the issuers and the investors about the future growth potential of the newly listed company. Rock argues that there are two type of investor in the market. Informed investor subscribe to underpriced issue and uninformed investor will invest in those issues in which informed will not invest i.e. overpriced issues. So, underpricing is done to attract uninformed investor. In India, Book building process is introduced so that information is easily available and thus reduces information asymmetry. This research also includes a dummy variable for allocation mechanism i.e. fixed price issue or book building.

Although various studies have been carried out and theoretical literature written to enhance people’s knowledge towards these issues; yet it is arduous for people to clearly understand the various issues related to IPOs especially with different types of equities in different industries and in different markets.

1.2 NEED AND RATIONALE OF THE STUDY

Underpricing of IPO is a serious problem for an economy. It discourages IPOs issues of those companies which cannot afford to underprice or those which doesn’t want to thus leaving the money on the table. At the same time, it creates arbitrage opportunities in the secondary market. Thus hampering growth opportunities and creates instability in secondary market.

Various researches have been done in both developed and developing markets regarding underpricing of IPOs. The determinants or variables had impacted differently the initial returns of IPO. Though few researches have been conducted in Indian IPO market but in this research the objective is to see if there is a significant impact of industry type on underpricing of IPO. Also this paper includes different factors taken from various researches inside India and cross border.

1.3 PURPOSE OF THE STUDY

This study investigates the determinants of underpricing of IPO. Secondary data will be collected from websites and research papers. At the end this research paper will try to determine factors that have impact on the underpricing of IPOs in different industries.

1.4 RESUME OF THE SUCCEEDING CHAPTER

Review of literature: It covers the aspects that have been already covered by other authors. It helps us to analyse the gap in published research and thus form the basis for current research.

Research design and methodology: It covers the aspects related to how data has been collected and what method and procedures will be used to solve the problem. This study is based on secondary data.

Industry analysis: It consists of overview of capital market and growth of IPOs in India, the need and significance of the study.

Data analysis and interpretation: In this chapter statistical tools are used to analyse the secondary data. It also consists of interpretation of data to find the results.

Findings, Conclusion and Suggestions: In this chapter, based on interpretation findings are listed. It also includes suggestion based present study and what other research can be conducted in this area of study.

CHAPTER II

REVIEW OF LITERATURE

2.1 INTRODUCTION

A literature review is work done by someone to analyse the critical points of present knowledge including substantiate finding. The purpose of reviewing the literature is to gain knowledge about what has been done in related field and their strength and weakness.

The literature review:

1. Elaborate how the present study is previous researches done.

2. Shows the relevance and originality of research problem i.e. hoe it is different from other researchers.

3. Helps in generating new ideas.

4. Find gaps in published research

2.2 STUDIES CONDUCTED

Islam and Ali (2010) in the paper titled ‘An Empirical Investigation of the Underpricing of Initial Public Offerings in the Chittagong Stock Exchange’ analysed the level of underpricing in IPOs and its determinants of Chittagong Stock Exchange. It was found that the degree of underpricing in Bangladesh Capital market is higher than other Asian capital market. It was also found that size of the company and age of the firm is positively related to the degree of underpricing. The offer size and industry type are found to be negatively related to the degree of underpricing. However the timing of offer had no significant influence on the degree of underpricing of IPOs in the Chittagong Stock Exchange. The authors suggested that Book building pricing be used to reduce the higher degree of underpricing.

Khurshed, Mudambi and Goergen (1999) in the paper titled ‘On the Long-Run Performance of IPOs’ analysed the impact of pre-IPO factors such as the firm’s performance prior to going public and managerial decisions. They found relation between pre-IPO management performance and long term performance. They suggested that while long run performance cannot be predicted certainly by pre-IPO performance but investor should be cautious while analysing IPO firms. Firms with high profits before listing, high costs of flotation, high equity offers and high initial returns, should be viewed with suspicion. Large multinational firms hiring high reputation underwriters are a good long-term investment.

Wouter Demenint (2010) in the paper ‘IPO Underpricing in Europe: The effects of Pricing Mechanisms’ investigated if there is significant difference in degree of underpricing caused by pricing mechanism used in IPO. The author finds that book building reduces underpricing and is used 80% of the time. The findings of this thesis suggest the book building mechanism provides an issuer with the lowest initial returns, the highest proceeds and the discretion of allocating shares to investors.

Sehgal and Singh(2008) in the paper ‘Determinants of IPOs Initial and Long-Run Performance in Indian Stock Market’ study 438 IPOs listed on BSE during 1992-2001 and find the underpricing is 99.2% which is relatively high than international standards. Listing delay, age of the firm and number of times the issue is subscribed has been found to be the important determinants of underpricing. Coming to the determinants of long-run performance of IPOs, the initial return has significant and negative effect on the aftermarket returns. Listing delay affects the long-run performance over two years; however subscription variable and issue size only explain the variations in the first year subsequent to offering. This overall regression analysis is consistence with overreaction hypothesis. In line with the study, authors suggested that investors should be cautious while holding highly underpriced stock for more than one year because it not deliver same return for a longer period of time.

Fernandez, Abascal and Rahnema (1993) in the paper titled ‘Initial Public Offer: the Spanish Experience’ examines Spanish IPOs and links between company characteristics and initial returns. It finds that over the period of 1986-90, small firms gave higher returns than large firms. It also finds that number of issues, industry effects and underwriters prestige have an impact on underpricing. Firm’s age have no impact on underpricing in case of Spanish firms. This study provides empirical evidences in support of many theories. In line with the finding of this study authors suggested that investors can earn high returns by liquidating shares in first 90 days of listing.

Govindasamy (2010) in the paper ‘The long run performance of initial public offerings in South Africa’ analyses the return that can be gained from investing in IPOs over a three year period. The author finds that IPOs in South Africa market had underperformed the market and he used BHAR and CAR for calculating returns and also he finds that there is significant difference in long run performance of different industries.

Qiao (2006) in the paper titled ‘Analysis into IPO Underpricing and Clustering in Hong Kong Equity Market’ focuses on the time series properties of the level of underpricing of IPO shares and volume of initial selling in Hong Kong equity market. For the first time it is documented that IPO underpricing is determined by the previous IPOs’ underpricing level. The study also reveals that the initial selling volume of the IPOs is strongly correlated. It also documents underpricing and IPO clustering. The investigation among industries reveals that at industry level IPO underpricing auto-correlation is not statically significant so therefore despite the industry cycle, the firms will go for IPO. This paper concludes that the reasons for underpricing are related to market liquidity rather that industry specific risk characteristics.

Das, Das and Upadhyaya (2013) in the paper ‘A Probability Approach to Modelling Long run Underperformance of Indian IPOs: A Mispricing Lesson for Investors’ try to model long run performance of Indian capital market based on certain factors. They find that at the time of listing and issuing of IPOs, investors invest in those shocks which are fairly highly levered, preferably not issued by high group affiliated units, belong to established age-old industry having the potential of strong fundamentals and highly rated by credit rating agencies. So from the probability estimates, investor while investing in an IPO, should give more focus on, followed by group affiliation, nature of industry and capital structure, whereas an investor after holding an IPO for a year, should give more focus on growth rate of earnings, followed by price earnings ratio, dividend paid, market capitalisation and volume of trade in order to save from long-run underperformance and unproductive lock-in.

Ghosh (2005) finds underpricing in India for over a decade (1991-2001), uncertainty playing a significant role in the underpricing. He finds time lag as a significant determinant of underpricing, since the information about the issue which is disseminated during time lag is not available at the time of offering of the issue. The larger the listing delays, the higher the underpricing. The study suggests reducing information asymmetry by improving offer document contents and reducing the delay between the offer closing day and the listing day. The author has also found that age of the firm is not a significant variable of underpricing while size is a significant variable of underpricing; the larger issues were less underpriced. It is assumed that larger issues go with more regulatory compliance and attention in comparison to the smaller issues and therefore risk for larger issues is less, resulting in lower underpricing for larger issues. The study also finds that in hot market (high market return period), underpricing is less because investors are optimistic and hence the firms do not need to underprice for attracting the investors. The study is based on fixed price and book-built IPOs; it has not taken a separate analysis of book-built and fixed-price IPOs. The present study therefore examines the listing delay only in book built issues.

Pande and Vaidyanathan (2007) in the paper ‘Determinants of IPO underpricing in the National Stock Exchange of India’ demonstrated that the level of underpricing has reduced over the years. Listing delay has appositive impact on underpricing whereas spent on market issue is not reducing level of underpricing significantly. This study also finds that the gains from IPOs get diffused within one month of the listing of the firms and on an average the gains in one month after listing are lesser than those of the market.

Sahoo and Rajib (2010) in the paper titled ‘After Market Pricing Performance of Initial Public Offerings (IPOs): Indian IPO Market 2002-2006’ examines the after-market performance of IPOs. The author has used both BHAR and WR as price performance measure. They found that underpricing continues till year of listing as opposed to four-five years as in case id International market. IPO activity period, leverage, initial day return, offer size, and ex-ante uncertainty have positive relationship with underpricing whereas there is no favourable evidence for age of the IPO firm, rate of subscription, promoter group’s retention, and price-to-book value in predicting the long run underperformance. The results obtained from the study provide important information to investors intending to invest in IPOs. We find that IPOs are underpriced on the listing day. Investors investing in IPOs at the offer price and holding these shares over a longer period are better-off compared to investors investing in shares on the listing day. Investors investing at the list price would not get excess returns at least up to two years from listing.

Jain and Padmavathi (2012) in the paper ‘Underpricing of Initial Public Offerings in Indian Capital Market’ analysed the factors affecting underpricing of IPOs in Indian capital market. The results of the empirical study indicate that underpricing is the result of investors’ high willingness to pay (high return on opening), high demand of the issue (high subscription), high firm value (low pre-IPO leverage), and high fluctuations in the market returns (high index volatility). Results show that IPOs of high value firms (with lower Pre-IPO leverage) are more underpriced in India. Thus pre-IPO leverage gives a signal to the market. At the time of high-index volatility, underpricing is high; therefore during low index volatility, IPOs should be encouraged to reduce underpricing.

2.3 CONCLUSION

There are many secondary researches done on Underpricing of IPO in India and abroad. But after going through various it is found no research has been done in which identified various factors affecting different industries. This research will be done to study factors impacting Underpricing of IPOs listed in BSE in different industries.

CHAPTER Iii

OBJECTIVES OF THE STUDY AND

PROJECT DESIGN AND METHODOLOGY

3.1 INTRODUCTION

A proper research design depends upon a proper implementation of research questionnaire. This chapter encompasses outlining the objectives of the research, the method adopted in terms of data collection. It also mentions the theoretical frame for conducting this research.

3.2 VARIABLES FOR STUDY

Dependent variable

3.2.1 Under-pricing:

It is defined as the difference between the issue price and the first trading price (here, taken as the closing price of share) on the secondary market. Underpricing is the initial return for the investors. These returns after adjusted for market return are taken as market adjusted initial return as a measure of underpricing.

Independent variables

3.2.2 Age of the firm:

It is defined as the period from date of incorporation of the firm and listing date of the firm.

3.2.3 Pre-IPO leverage:

It is defined as the ratio of total debt to total assets of the firm.

3.2.4 Promoters’ holding in post issue equity:

Promoters’ holding is taken as a fraction of post-issue equity held by the promoter.

3.2. 5 Issue size:

It is determined by the total number of shares issued by the firm.

3.2.6 Market condition:

Determined by both index return and index volatility. If the market return is high, then it shows good market condition and if the index volatility is high, then it shows high uncertainty in the market and vice versa. Depending upon past return of BSE Sensex, market condition is classified into hot and cold period, where a dummy variable is used to identify hot period.

3.2.7 Listing delay:

It is difference between number of days between offer closing day and listing day.

3.2.8 Return on opening:

It is the return on opening price over the offer price after adjusting for the market return.

3.2.9 Allocation mechanism:

Allocation mechanism used can be either fixed price issue or book building.

3.2.10 Industry_type:

A dummy variable would be created for type of industry to which company belongs.

3.3 OBJECTIVES OF THE STUDY

3.3.1 PRIMARY OBJECTIVE

1. To explore the determinants of underpricing of IPO in India.

2. To investigate if there is a difference in initial returns i.e. underpricing due to different industry types.

3.3.2 SECONDARY OBJECTIVE

1. To investigate if there is a difference in initial returns i.e. underpricing due to different industry types.

3.4 HYPOTHESIS

A statistical hypothesis is an assumption about a population parameter. This assumption may or may not be true. Hypothesis testing refers to the formal procedures used by statisticians to accept or reject statistical hypotheses.

There are two types of statistical hypotheses.

‘ Null hypothesis: The null hypothesis, denoted by H0, is usually the hypothesis that sample observations result purely from chance.

‘ Alternative hypothesis: The alternative hypothesis, denoted by H1 or Ha, is the hypothesis that sample observations are influenced by some non-random cause.

Hypothesis 1:

H0: Age of the firm, Pre-IPO leverage, Promoters’ holding in post issue equity, Issue size, Market condition, Listing delay, Return on opening, Allocation mechanism have significant relationship with underpricing of IPOs in different industries.

H1: Age of the firm, Pre-IPO leverage, Promoters’ holding in post issue equity, Issue size, Market condition, Listing delay, Return on opening, Allocation mechanism does not have significant relationship with underpricing of IPOs in different industries.

Hypothesis 2:

H0: All means are same i.e. there is no difference in initial return due to various industry type

H1: At least one mean is different from the others

3.5 SAMPLING TECHNIQUES

3.5.1 Sampling Frame:

Sample of all the IPO expect which have debt as their instrument of issue and those whose information is not available issued between the period 2003-2013(till Dec.) will be taken for the purpose of this study.

The various industries are divided into 5 industry types i.e. Manufacturing, Financial and Insurance, Services, Construction and Others. The list classifying different industries into industry type is attached in the end.

3.5.2 Sampling Method:

Secondary data for variables like index return, index volatility, listing delay, Return on opening, Allocation mechanism will be collected from BSE website and Chittorgarh.com.

The data regarding the year of incorporation, the total assets and the total loan, the promoters’ holding, and the issue size will be obtained from the Prospectus.

3.5.3 Sample Size

The sample size is 291 IPOs listed during the period of March 2003 to Dec 2013. During this period total number of IPOs are 453, out of which 291 are selected for study. This is based on data availability. The IPOs listed on BSE are taken for study.

Table1: Details of sample study

Year Total IPOs IPOs in Sample % of Sample in total

2003 11 4 36%

2004 25 12 48%

2005 53 33 62%

2006 73 38 52%

2007 100 75 75%

2008 36 30 83%

2009 21 17 81%

2010 64 44 69%

2011 37 21 57%

2012 25 14 56%

2013(till dec.) 8 3 38%

Total 453 291 64%

3.6 STATISTICAL TECHNIQUES AND ANALYSIS

3.6.1 Regression Analysis:

To see if there is a significant impact of industry type on underpricing of IPO, an Ordinary Least Squares (OLS) regression analysis is performed on the observed initial returns against the explanatory variables stated. The general form of regression is:

Linear Regression:

Y = a + bX + u

Since the primary objective is to find out what impact do these variables have on the underpricing, the initial equation for the analysis looked like this:

Underpricing = C + (X1) Age of the firm, , and + (X2) Pre-IPO leverage + (X3) Promoters’ holding in post issue equity + (X4) Issue size +(X5) Market condition (dummy variable)+ (X6) Listing delay + (X7) Return on opening + (X8) Allocation mechanism (dummy variable) + (X10) Industry type (dummy variable)

3.6.2 ANOVA

A statistical analysis tool that separates the total variability found within a data set into two components: random and systematic factors. The random factors do not have any statistical influence on the given data set, while the systematic factors do. The ANOVA test is used to determine the impact independent variables have on the dependent variable in a regression analysis. ANOVA is also used to test if any of the several means are different from each other.

The assumptions of one-way ANOVA are:

1. The population from which sample are collected should normally distributed or approximately normally distributed (Test of normality)

To test the normality, Kolmogorov-Smirnov or Shapiro-Wilk test is used in this study.

H0: The population random variable is normally distributed

H1: The population random variable is not normally distributed

2. The variance of population must be equal (Test for Homogeneity of Variance)

To test the Homogeneity of Variance, Levene’s test is used in this study.

H0: The population variances are equal

H1: The population variances are not equal

Another test, Tukey’s Post-Hoc test is used for multiple comparisons i.e. it compares each independent variable with other independent variable to see if means are same within group.

H0: The two means are equal

H1: The two means are not equal

3.6.3 Variance Inflation Factor

This test quantifies the severity of multi-collinearity in regression analysis. The general rule of thumb says when VIF is greater than 10 than there is a multicollinearity problem. Some researchers advice using 5 to be conservative.

3.6.4 Breusch-Pagan / Cook-Weisberg Test

The possible existence of heteroscedasticity is a major concern in the application of regression analysis, including the analysis of variance, because the presence of heteroscedasticity can invalidate statistical tests of significance.

CHAPTER IV

Industry Overview

4.1 INTRODUCTION

Capital market acts as mainstay of country’s economy. It is an engine for economic growth, providing an effectual means of resource mobilization and allocation. Indian capital market has been receiving global attention, due to improving macroeconomic fundamentals. Capital market consists of both primary and secondary market. The primary market provides the way to raise fund through issuance of new securities. The secondary market provides a way for trading of previously issue securities and financial instrument.

Indian capital market can be divided into pre-1991 and post 1991 period. Post-liberalization period India has seen growth in primary market. Companies issue securities in primary market to raise funds directly through investors to meet financial requirements. The primary market plays a vital role by forming a link between saving and investment. Therefore, it gives a way to make new offerings either as IPO or right issue. All companies need to raise capital at one time of other to expand operations, finance new projects or in many cases to start a new business.

In an IPO, a private company becomes a public company by issue equity shares to outside investors for the very first time. IPO is defined as the process in which firm access the capital market by selling a variety of securities, such as bond, common stock and preferred stock to expand the business and finance their projects. Indubitably, companies have other firm of financing, such as bank loan, overdraft, retained earnings etc., but the equity shares are major source of financing. These issues are always quite risky.

The SEBI (Securities and Exchange Board of India) which was established with the objective of investor protection and regulation of capital markets has issued many guidelines and introduced structural reforms to bring efficiency in the market. SEBI is answerable to the needs of 3 groups: the investors, the issuers of security and the market intermediaries.

Thus, there are various factors contributing to the growth of capital market in India. These include growth of banks and financial institution, investor education, legislative measures, increasing awareness, growth of MNCs and entrepreneur to name a few. Going by the reforms made post liberalization and over years, capital markets in India provides attractive destination to investors.

4.1.1 BOMBAY STOCK EXCHANGE

BSE is the oldest stock exchange in Asia. The BSE became the first stock exchange to be recognized by the Indian Government under the Securities Contracts Regulation Act, on 31 August 1957. It has a countrywide reach with existence in more than 450 cities and towns of India. BSE has always been at par with the international standards. It is the first exchange in India and the second in the world to obtain an ISO 9001:2000 certification.

BSE also provides a cloud of other services to capital market participants including clearing, settlement, risk management, market data services and education. BSE provides a transparent and efficient market for trading in debt instruments, equity, mutual funds and derivatives. It also has a platform for trading in equities of small-and-medium enterprises. More than 5000 companies are listed on BSE making it world’s No. 1 exchange in terms of listed members. The companies listed on BSE authorize a total market capitalization of USD Trillion 1.32 as of January 2013. BSE Ltd is world’s fifth most active exchange in terms of number of transactions handled through its electronic trading system. It is also one of the world’s leading exchanges for Index options trading.

4.1.2 IPO MARKET IN INDIA

IPO market in India has gone through ups and down over a period, for more than a decade. In the initial years of post- liberalization, it has seen steep rise. Capital market reforms like constitution of SEBI under the new security and regulation act, abolition of the office of controller of capital issues and relaxation in pricing of capital issues played an important role in such upswing. Table below indicates the various trends in the number of IPOs with their amount.

Source: Prime Data Base

IPO market in India has shown remarkable development over the years. It is clear from the graph that even though the numbers of IPOs have reduced over the years but the amount of money or resource mobilization have increased, thus representing the increased investors’ confidence and improving fundamentals.

4.2 PURPOSE OF THE STUDY

There are certain factors which are not covered in secondary research conducted in India. This study will help to identify factors which impact Underpricing of IPOs in India and among different industries.

4.3 LIMITATIONS OF THE STUDY

1. The present study includes IPOs, having equity shares as their instrument of issue. IPOs with other instrument like Debt or preference share have not been included in this study.

2. The non-availability of data has reduced the sample size of present study.

CHAPTER V

Data Analysis and Interpretation

5.1 INTRODUCTION

5.2 ANALYSIS OF DATA

5.3 TESTING OF HYPOTHESIS

CHAPTER VI

Findings, Conclusions and Suggestions

6.1 FINDINGS

6.2 CONCLUSION

6.3 SUGGESTIONS

6.4 SUGGESTIONS FOR FURTHER RESEARCH

Classification of Industries based on Industry Type

Manufacturing Tobacco

Pharmaceuticals

Airlines

Building materials and fixtures

Cement

Food products

Beverages

Textiles

Chemicals

Basic metals

Computer, electronic and optical products

Automobiles

Financial and Insurance Consumer finance

General finance

Insurance

Investment instrument

Investment Services

Services Computer Services

Arts, Entertainment And Recreation

Human Health And Social Work Activities

Education

Hotels

Communications

Retail Trade

Travel agency

Construction

Construction of buildings

Civil engineering

Specialized construction activities

Real Estate

Others Electric power generation

transmission and distribution

Manufacture of gas

distribution of gaseous fuels

Aluminium

Coal

Diamonds & Gemstones

Gold Mining

Mining

Nonferrous Metals

Steel

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The importance of employee engagement in an organization assignment help sydney

1.4 Literature Review

Mark Kilsby and Stephen Beyer (1996) ‘ Engagement and Interaction : A comparison between supported employment and acts’. This research study was conducted with the help of interaction and commitment patterns of 13 supported employees and 38 regular adult training center attainders of the organization. Direct observation was used as method of data collection, within the 13 employment sites and a representative sample of ATC organized activities. Because of the higher level of task specific dialogue between individuals and the service of the organization it is found that there is more of social interaction in ACT. Interaction of employees with public within office hours was the cause for this as per the study conducted.

Douglas R. May, Richard L, Gilson and Lynn M . Harter (2004) ‘The Psychological Conditions Of Meaningfulness ,Safety And Availability And The Engagement Of The Human Spirit At Work’. This shows the study about a U.S western company which explored the determinants and mediated the effects of tree psychological conditions they are meaningful, safe and available. The above studies shoes that all the three factors (meaningfulness, safety and availability) have a positive relation with the engagement of an employee in the organization. In other words they are completely associated with the psychological safety where as loyalty to co worker norms and self- consciousness are negatively related.

Despoina Xanthopaolou, Arnold B, Bakker, Evangelia Demerouti and Wilmar B.Schaufeli (2009) ‘Work Engagement And Financial Returns : A Diary Study On The Role Of The Job And Personal Resources’. The above study shows that how daily fluctuations in job can affect the level of personal resource , financial returns and work engagement. Different level of analysis revealed that day level job resources had an effect on work engagement through the day level personal resources. When there was a control for the general level of personal resources and organizational engagement Day level work engagement showed a positive way towards day level training, which in turn showed the financial returns.

Dan-Shang Wang and Chia ‘Chun Hsieh (2013) ‘The Effect Of Authentic Leadership On Employee Trust And Employee Engagement’ they have examined the genuine leadership on employee engagement through employee trust. They have collected data from 386 employees from top 1000 manufacturing companies and top 500 service companies in Taiwan. Hierarchical multiple regression was used to test the hypothesis on the employees. Later on the results shows that the consistency between the supervisors , words and actions as well as their moral perceptions are optimistically related to employee engagement , when only supervisors are consist between the words and actions in positively related employment trust. The study shows how employee engagement had a positive trust on employee. Employee trust has a partial link between authentic leadership and employee engagement.

Benjamin J.C, Yuan and Michael B.H. Lin (2012) ‘Transforming Employee Engagement Into Long-Term Customer Relationships: Evidence From Information Technology Salespeople In Taiwan’. This article shows that when information sales people in Taiwan have perceived more transformational leadership and they were more expected to show increased development in work engagement. Over a period of time it was found that increased development in work engagement influenced the increased customer relationship. It showed how employee engagement is indirectly co related with customer relationship.

Xander M.Bezuijen, Karen Van Dam, Peter T . Van Den Berg and Henk Thierry (2010) ‘How Leaders Stimulate Employee Learning : A Leader ‘ Member Exchange Approach’. This study investigated how the three factors as such as leader member exchange, goal setting, and feedback are related to employee engagement in the learning activities. Here, two different mechanisms were proposed , first one a mediating mechanism telling that leader member exchange shows specific leader behavior. The second one is it as a moderating mechanism , holding that leader member exchange will strengthen the effect of leader behavior from 7 organizations a sample of 1112 employees was taken , to measure the leader member exchange approach. 233 of the direct leaders answered that they find difficulty in rating employee engagement in learning activities.

Maureen F.Dollard and Arnold B. Bakker (2010) ‘Psychosocial Safety Climate As A Precursor To Conducive Work Environment , Psychological Health Problems , And Employee Engagement’. This article shows the gap between work psychology and psychosocial working condition. Where we construct a psychosocial working condition PSC. It explains how PSC influences the senior management in psychological working conditions and in psychological health and engagement. They use the job demand and resources as a frame work and uses a multi level thinking into their explanation

James R.Jones (2009) ‘Comparative Effects On Race/Ethnicity And Employee Engagement On Withdrawal Behavior’. This study have added knowledge on the basis of effects on employee attachment. In addition to that it provides more evidence on looking at all types of employees as a single entity which can lead to false results.

Shane Crabb ( 2011) ‘The Use Of Coaching Principles To Foster Employee Engagement’. The above article focuses on the human condition that leads to the happiness of fulfillment and flourishing of employee engagement. Where positive psychology results in so many questions from traditional psychological approaches .Which have mean to focus on a different model of human functioning with healing people fail. In another way positive psychology takes additional holistic approach to human life. Seeing the positive and negative aspects of context when establishing what is right , working and good of people.

Roberta A . Neault and Deidre A .Pickerel (2011) ‘Career Engagement : Bridging Career Counseling And Employee engagement’ . this article is showing that employee counselors helps individuals in maximizing their career engagement at any career stage of an individual. When you facilitate career engagement it contributes to employee engagement which employee are looking for. They even encourages others to use the career engagement and employee engagement models as vehicles to combine the employers to interest in engagement counselors to create interest in supporting the development of employee an motivate them to work.

2.1 Title: A Cross Sectional Study Of Employee Engagement In Apollo Hospitals.

2.2 Objectives:

1. To determine the level of Employee Engagement in Apollo Hospitals.

2. To identify the factors of Employee Engagement.

3. To analyze and suggest strategies for improvement.

2.3 Research Methodology:

I had adopted descriptive research design for the purpose of this

Survey on employee engagement. The primary data was collected from the 100 employees conveniently selected from Apollo Hospitals Bangalore, through structured questionnaire.

2.4 Limitations:

1) The survey was carried out for a sample sized of 100 working staff only.

2) Findings and suggestion of this research are applicable only to Apollo Hospitals.

3) As an fact finding study advanced statistical tools or analysis are not used.

Table 1.1 Weighted Average on Opportunities for growth

X 1 2 3 4 5

I have adequate opportunities for professional growth in this organization. (X1) 10 20 32 19 19

I receive the training I need to do my job well.(X2) 2 52 22 16 08

My manager is actively interested in my professional development and advancement.(X3) 32 21 12 18 17

My manager encourages and supports my development (X4) 08 10 40 18 24

I am encouraged to learn from my mistakes (X5) 52 23 16 04 05

My work is challenging, stimulating, and rewarding(X6) 28 14 33 16 09

X1 ?? XI X2 ?? X2 X3 ?? X3 X4 ?? X4 X5 ?? X5 X6 ?? X6

10 50 2 10 32 160 08 40 52 260 28 140

20 80 52 208 21 84 10 40 23 92 14 56

32 96 22 66 12 36 40 120 16 48 33 99

19 38 16 32 18 36 18 36 04 08 16 32

19 19 08 08 17 17 24 24 05 05 09 09

TOTAL 283 TOTAL 324 TOTAL 333 TOTAL 260 TOTAL 413 TOTAL 336

Table 1.2 Calculation Of Weighted Average on Opportunities for growth

283/100 2.83 324/100 3.24 333/100 3.33 260/100 2.60 413/100 4.13 336/100 3.36

RANKED 6 RANKED 4 RANKED 3 RANKED 5 RANKED 1 RANKED 2

Table 1.3 Showing The Rank Of Each Component of Opportunities for growth

INFERENCE

The above table shows that the employees are encouraged to learn from their mistakes that is 4.15 out of 5.the work is stimulating rewarding and challenging is ranked 2nd.the manager is actively interested in employees professional growth is

ranked 3rd.the level of opportunity for professional growth shows the least ranking.

Table 1.4: Showing Adequate Opportunities/ Professional growth

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

10 20 32 19 19 100

Chart 1.1: Showing Adequate Opportunities/ Professional growth

Interpretation:

32% of the employees from the given population says that they have a neutral opportunity to grow where as 10 % stands in the outstanding category and 20% of them in good category. An equal no of employees disagree to the fact in the other hand that is 19% of the given population.

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

2 52 22 16 8 100

Table 1.5: Showing Training

Chart 1.2: Showing Training

Interpretation:

In the given sample 52% of the employees agrees to the fact that they receive good training in order to do their job efficiently and 2% strongly agrees. where 22 % is neutral to the situation given.16 % of them do not get proper training they required to do their jobs and 8 % strongly disagree to it. It is clear that the organization is giving a proper training to employees to make their work effective.

Table 1.6: Showing Professional Development And Advancement

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

32 21 12 18 17 100

Chart 1.3: Showing Professional Development And Advancement

Interpretation:

Most of the employees agree that their manager takes attention in their professional development steps. 32 % to 25 of the employees from the given sample have strongly agreed and agreed to it respectively. whereas 12 % is neutral to it . but 18% to 17% disagrees and says that they are not taken care in respective of their advancement in profession.

Table 1.7: Showing Encouragement And Support

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

8 10 40 18 24 100

Chart 1.4: Showing Encouragement And Support

Interpretation:

From the above graph its clear that 40% of the employees neither agree or disagree that management encourage them or support them. 8% to 10% agrees that they have been supported by the management . but 18 % to 24 % disagree to the fact that management supports them .

Table 1.8: Showing Challenges, Stimulation And Reward

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

52 23 16 4 5 100

Chart 1.5: Showing Challenges, Stimulation And Reward

Interpretation:

More than half , 52% of the employees states that they have a challenging stimulating and rewarding work. A very few of them disagree to it 4 % to 5% . and 23 % of them agrees t it there is a majority of people agreeing to it.

Table 1.9: Showing Encouragement

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

28 14 33 16 9 100

Chart 1.6: Showing Encouragement

Interpretation:

There is a 28% of people agreeing to it. And 16 % to 9 % disagreeing to the fact that they are not encouraged to learn from their mistakes .

Table 1.10: Showing Weighted Average on Work/Life Balance; Stress and Work Pace

X 1 2 3 4 5

My manager understands the benefits of maintaining a balance between work and personal life. (X1) 02 13 08 48 29

My job does not cause unreasonable amounts of stress in my life. (X2) 30 13 08 48 29

The amount of work I am asked to do is reasonable. (X3) 40 20 12 14 14

I am able to satisfy both my job and family/personal responsibilities. (X4) 27 12 08 09 44

X1 ?? X1 X2 ?? X2 X3 ?? X3 X4 ?? X4

02 10 30 150 40 200 27 135

13 52 13 52 20 80 12 48

08 24 08 24 12 48 08 24

48 96 48 96 14 28 09 18

29 29 29 29 14 14 44 44

TOTAL 211 TOTAL 351 TOTAL 370 TOTAL 269

Table 1.11: Showing Calculation Of Weighted Average on Work/Life Balance; Stress and Work Pace

Table 1.12: Showing The Rank Of Each Component of Work/Life Balance; Stress And Work Pace

211/100 2.11 351/100 3.51 370/100 3.7 269/100 2.69

RANKED 4 RANKED 1 RANKED 2 RANKED 3

INFERRENCE

By analysing the given data using weighted average method that the level of stress reduced in the employees is 3.51 out of 4 , and the amount of work the employee is asked to do is 3.7. the employee is able to balance between family and personal responsibility is 2.69 . the managers understanding in the benefits and maintaining balance between work and personal life should be taken care because it is got only 2.11 which have least rank

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

2 13 8 48 29 100

Table 1.13: Showing Work/Life Balance; Stress And Work Pace Balance Between Work And Personal Life

Chart 1.7: Showing Work/Life Balance; Stress And Work Pace Balance Between Work And Personal Life

Interpretation:

Only 2% of the employees says that there is a balance between work life and personal life. 13% of them agrees to it and 8% is neutral to it.but 48% of the sample disagrees and 29 % of them strongly disagrees to it.

Table 1.14: Showing Stress Level In Employees Life

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

30 13 8 48 29 100

Chart 1.8: Showing Stress Level In Employees Life

Interpretation:

30% of the employees strongly agrees that the job doesn’t cause much stress where 13% of them agrees and 8% is neutral to it. But 48%of them disagree nd 29% strongly disagrees and states that job causes stress in their life.

Table 1.15: Showing Amount Of Work Asked To Do

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

40 20 12 14 14 100

Chart 1.9: Showing Amount Of Work Asked To Do

Interpretation:

40% of them strongly agrees that they have sufficient amount of work and they do not feel any stress where 20 % of them agrees. 12% of the sample is neutral.14% of them disagrees they don’t have suffient amount of work or they are overloaded with the work given.

Table 1.16: Showing Satisfying Family / Personal Responsibilities

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

40 20 12 14 14 100

Chart 1.10: Showing Satisfying Family / Personal Responsibilities

Interpretation:

44% of them strongly disagree that they are not able to complete their job, family and personal responsibilities. 27 % to 12 % agrees to it and 8% is neutral to that. It shows that employees are not satisfied with the amount of work given to them.

Table 1.17: Showing Weighted Average on Personal Expression / Diversity

X 1 2 3 4 5

My ideas and opinions count at work. (X1) 03 18 19 32 28

I am comfortable sharing my opinions at work. (X2) 10 08 28 42 12

We work to attract, develop, and retain people with diverse backgrounds. (X3) 10 13 09 56 12

Senior management is genuinely interested in employee opinions and ideas. (X4) 24 23 36 07 10

People with different ideas are valued in this organization. (X5) 20 18 40 13 09

Table 1.18: Calculation Of Weighted Average on Personal Expression / Diversity

X1 ?? X1 X2 ?? X2 X3 ?? X3 X4 ?? X4 X5 ?? X5

3 15 10 50 10 50 24 120 20 100

18 72 08 32 13 52 23 92 18 72

19 57 28 84 09 27 36 108 40 120

32 64 42 84 56 112 07 14 13 26

28 26 12 12 12 12 10 10 09 09

TOTAL 234 TOTAL 262 TOTAL 253 TOTAL 344 TOTAL 327

234/100 2.34 262/100 2.62 253/100 2.53 344/100 3.44 327/100 3.27

RANKED 5 RANKED 3 RANKED 4 RANKED 1 RANKED 2

Table 1.19: Showing The Rank Of Each Component of Personal Expression / Diversity

INFERRENCE

By analysing the above table it shows that senior management is interested in personal opinions which shows the rank 1. And people with different ideas are valued in the organisation are considered 3.27 out of 5. Employees are free to share their ideas 2.62. the employees work in such a manner to attract and retain others 2.53 ,which has got the 4th rank. Ideas counted at work has got the least rank where they have to work on that part.

Table 1.20: Showing Idea And Opinion Count

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

3 18 19 32 28 100

Chart 1.11: : Showing Idea And Opinion Count

Interpretation:

Only 3% of the employees agree that the management listens to their ideas and opinions. 18% of them agree to it as well. 19 % is neutral to the situation. Whereas there is a huge no of the sample size that is32% to 28% who is disagreeing to it. Their opinions and ideas are not taken seriously by the management.

Table 1.21: Showing Level Comfort in Sharing Opinions

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

10 8 28 42 12 100

Chart 1.12 : Showing Level Comfort in Sharing Opinions

Interpretation:

The conducted shows that onl10% to 8% employees are comfortable in sharing their problems with the upper management. Rest of the sample that is 42% is disagreeing that they are not comfortable in sharing their ideas or problems.12% of them strongly disagrees.

Table 1.22: Showing The Work They Do Is To Attract , Develop And Retain

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

10 13 9 56 12 100

Chart 1.13: Showing The Work They Do Is To Attract , Develop And Retain

Interpretation:

56% of the employees disagrees that they don’t work to attract ,develop or retain customers. Where 10% to 13% agrees to the statement . a little sample size of 12% strongly disagrees to the statement .

Table 1.23: Showing Senior Management Interest In Employee Opinion And Ideas

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

24 23 26 7 10 100

Chart 1.14: Showing Senior Management Interest In Employee Opinion And Ideas

Interpretation

The management shows interest in taking employees ideas and opinions.24% of them agrees and 23% of the strongly agrees to the statement. A huge sample ,36% id neutral to the statement. But a little sample, 7% to 10% disagrees to the statement.

Table 1.24: Showing People With Different Ideas Are Valued

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

20 18 40 13 9 100

Chart 1.15: Showing People With Different Ideas Are Valued

Interpretation:

20% to 18% of the employees agree that people with different ideas are well accepted in the organization. 40% to the employees are neutral to the statement. 13 % to 9% of the sample disagrees to the statement on the other hand.

Table 1.25: Showing Weighted Average On Compensation

X 1 2 3 4 5

I am paid fairly for the work I do. (X1) 19 42 12 25 2

My salary is competitive with similar jobs I might find elsewhere.(X2) 32 12 28 23 5

My benefits are comparable to those offered by other organizations.(X3) 8 29 28 32 3

I understand my benefit plan. (X4) 42 15 19 9 15

I am satisfied with my benefit package. (X5) 58 12 11 6 13

Table 1.26: Calculation Of Weighted Average On Compensation

X1 vX1 X2 ?? X2 X3 ?? X3 X4 ?? X4 X5 ?? X5

19 95 32 160 08 40 42 210 58 290

42 168 12 48 29 116 15 60 12 48

12 36 28 84 28 84 19 57 11 33

25 50 23 46 32 64 09 18 06 12

02 02 05 05 03 03 15 15 13 13

TOTAL 351 TOTAL 343 TOTAL 307 TOTAL 360 TOTAL 396

Table 1.27: Showing The Rank Of Each Component Of Compensation

351/100 3.51 343/100 3.43 307/100 3.07 360/100 3.60 396/100 3.96

RANKED 3 RANKED 4 RANKED 5 RANKED 2 RANKED 1

INFERENCES

The above table shows that the employees are satisfied with the benefit package they are given 3.96 out of 5.the employees understand their plan is 3.60. the fair pay is ranked 3rd.the employees salary is competitive with others is ranked 4th. The salary is not comparable with salary with others which has been ranked the least, rank 5.

Table 1.28: showing Fair Pay

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

19 42 12 25 2 100

Chart 1.16: Showing Fair Pay

Interpretation:

19% to 42% of the Employees agree that they are paid fairly according to the amount of work they do. But 25% to 2% of the sample size disagrees to the statement. And 12% is neutral to it.

Table 1.29: Showing Salary Competitiveness

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

32 12 28 23 5 100

Chart 1.17: Showing Salary Competitiveness

Interpretation:

32% of the employees agrees that they get a competitive salary when compared to other organizations with same designation. 12% of them strongly agrees to it .28% of them are neutral to the statement. 23% to 5% is disagrees to the statement in the other hand.

Table 1.30: Showing Comparability Of Benefits

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

8 29 28 32 3 100

Chart 1.18: Showing Comparability Of Benefits

Interpretation:

There is balance, 29% of the employees agrees and 32 % of them strongly disagrees that they have a comparable benefits.28% of them are neutral in the other hand.

Table 1.31: Showing Understanding Of Benefit Plan

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

42 15 19 9 15 100

Chart 1.19: Showing Understanding Of Benefit Plan

Interpretation:

42% of the employees agrees that they understand their benefit plan. 15% strongly agrees ,where 19% is neutral.9% to 15% disagrees to the fact and says they don’t understand the benefit plans they are given.

Table 1.32: Showing Satisfaction With Benefit Package

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

58 12 11 6 13 100

Chart 1.20: Showing Satisfaction With Benefit Package

Interpretation:

58% of them are satisfied with their benefit package. 12% strongly agrees. Whereas little sample of 6% to 13% disagrees to the statement. Or they are not happy with their benefit package.11% is neutral to it.

Summary of Findings

‘ Most of the employee’s ability state the opinion firmly and positively is better than acceptable standards.

‘ Majority of the employee’s ability in exercising the professional duties without assistance is better than acceptable standard.

‘ The Emotional Stamina of the majority of the employees is better than acceptable standard.

‘ Majority of the Employee’s Ability to work co-operatively and collaboratively to achieve common goal is better than acceptable.

‘ Majority of the employees Ability to effectively guide a group through an appropriate process to help to achieve their desired outcomes is better than acceptable standard.

‘ Majority of the employee’s ability to clarify and establish with a group roles and responsibilities, common goal and plan to achieve them and group behavioural is outstanding.

‘ Majority of the employees Ability to deal with multiple issues and details, alertness and learning capacity is better than acceptable standard.

‘ Majority of the employee’s ability to see and think beyond the obvious and formulate original solution is better than acceptable standards.

‘ Majority of the employee’s ability to present ideas, concept, plan and procedure clearly to the target group is better than acceptable standard.

‘ Concern for excellence of the majority of the employee’s is better than acceptable standard.

‘ Majority of the employee’s Aware of what is going on in the workplace and responds in a suitable manner to situations as they is better than acceptable.

‘ The understanding between the top level and employees are in good terms.

‘ Employees do understand their benefits and opportunities given by the organisation.

‘ The employees are paid fairly according to the work done.

‘ Freedom of sharing new ideas and opinions are welcomed in the organisation.

‘ The employees are able to make a balance between personnel and work life. which reduces the amount of stress in them.

‘ The organisation encourages the employee to learn from their mistakes.

‘ Recommendations

‘ In this organization employee engagement study must be regularly done in order to check the level of employee effectiveness.

‘ Since many of the employees are performing different jobs to what they were doing at the time of their joining they need training to perform the new work allotted them.

‘ Different sources of employee engagement tactics must be encouraged in employees.

‘ The top management should support the lower level employees since it is considered a major hurdle in effective employee engagement and the employees must also be made aware of importance of engagement at work system

‘ The employees should be then and there motivated for work.

‘ The understanding between management and employees should be increased.

‘ Level of stress in work should be reduced.

‘ Better benefit package should be given to the employees.

Conclusion

In the report we have discussed the importance of employee engagement in an organization and how it affects the efficiency of work and productivity. Employment counselors should help individuals to maximize their career engagement at any stage of their career. Basically employee engagement should be a buzz word for the employee engagement and a positive attitude held by the employees towards the organization. Employee engagement is gaining its importance and popularity in work places and its impact in many ways. It emphasis on the importance of employee engagement in a organization, an organization should thus give more importance for its employees than any other variable as they are the powerful contributors to a company’s competitiveness. Thus it shows that employee engagement should be a continues process for learning, improvement, measurement and action of an employee.

[supanova_question]

The limitations of the Chit Acts aqa unit 5 biology synoptic essay help

1.1 BACKGROUND OF THE STUDY

The financial system assumes strategically a very important role in channelling the funds from surplus units to deficit units. The financial system here refers to the group of institutions, markets and instruments which helps in formation of capital and thus accelerates to the pace of economic development.

The base of this study stems from the fact that there exists a gap between gross capital formation and gross domestic savings in India. So, there exists the need to augment the growth rate of voluntary domestic savings. This goal can be realized by widening and strengthening the working of different financial intermediaries which will result in mobilizing savings from various income level categories. .It is in this context that the role of the Non-Banking Financial Intermediaries like Chit Finance should be appreciated in supplementing the functions of the Banking Institutions.

Chit funds are Chit funds are the Indian equivalent of the Rotating Savings and Credit Associations (ROSCA). ROSCAs are famous in many parts of the world and is seen as an instrument to ‘save and borrow’ simultaneously. ROSCAs basically started as a way to help in fulfilling the needs of the low-income households as it enables the people to convert their small savings into lump sums. The concept of chit funds originated more than 1000 years ago. Initially it was in the form of an informal association of traders and households within communities, wherein the members contributed some money in return for an accumulated sum at the end of the tenure. Participation in Chit funds was mainly for the purpose of purchasing some property or, in other words, for ‘consumption’ purposes. However, in recent times, there have been tremendous alterations in the constitution and functioning of Chit funds. A significant difference between Chit Funds and ROSCAs are that in most places ROSCAs are user-owned and organized informally, but chit funds have been formally institutionalized in India. (Chit Funds-An innovative access to finance for low income households, 2009)

1.1.1 WHAT DO WE MEAN BY CHIT FUNDS?

Chit fund is a savings-cum-borrowing instrument. The basic aim of this instrument is to pool small amount of savings by all the members which is then managed by a foreman. The foreman has the responsibility to act as a trustee-cum-supervisors for the process of collection and allotment of the pooled amount.

Chit funds represent a traditional form of saving-cum-credit institution evolved before the bank system was introduced in rural India. There are many who avail themselves of this avenue for saving for a reasonable return.

1.1 NEED AND RATIONALE OF THE STUDY

Despite the growth of a wide range of savings avenues and the widespread network of banks and other financial institutions, it has been found that Chit scheme still forms an important part in the asset portfolio of many households and firms in India and especially in South India including Karnataka. Also, the review of literature shows that there are only a few studies on Chit Finance. Therefore, the need to conduct the study stems from the requirement to understand Chit Funds in Bangalore.

1.2 NEED TO CONDUCT THE STUDY

The research titled ‘A Study on Chit Funds in Bangalore to understand the behaviour and financial needs of the chit fund members as well as to identify the important predictors of regular participation in chit funds’ The study estimates the net returns and interest rate on Chit funds. This study tries to point out the limitations of the Chit Acts and suggests feasible recommendations for improving the working of such institutions.

.3.2 STATEMENT OF THE PROBLEM

‘A Study on Chit Funds in Bangalore to understand the behaviour and financial needs of the chit fund members as well as to identify the important predictors of regular participation in chit funds’.

VARIABLES UNDER INVESTIGATION

1. Age

2. Occupation

3. Monthly income

4. Gender

5. Bank loan

6. Regular participation in chit fund

7. Membership in multiple chit schemes

8. Cause for participating in multiple schemes

9. Preferred avenue of saving

10. Preferred source of finance

11. Safety

12. Better service

13. Flexibility

14. Timely Payment

15. Low commission

16. Personal contact

17. Unregistered chit funds membership

18. Cause for participating in unregistered chit funds

19. Cause for not participating in unregistered chit fund

3.5 OBJECTIVES OF THE STUDY

3.5.1 OBJECTIVE(PRIMARY)

1. To understand the behaviour and financial needs of the chit fund members.

2. To identify the important predictors behind chit fund participation

3.5.2 OHER OBJECTIVES OF RESEARCH

1. To estimate interest rates in registered chit funds.

2. To compare the relative ratings of Chit subscribers towards registered and unregistered chit funds on

3. To estimate the return on Chit Funds.

3.6 HYPOTHESIS

There are two types of statistical hypotheses.

1. Null hypothesis

2. Alternative hypothesis.

Hypothesis 1:

H0: There is no significant relation between gender and cause for participation in chit fund.

H1: There is significant relation between gender and cause for participation in chit fund.

Hypothesis 2:

H0: There is no significant relation between occupation and cause for participation in chit fund.

H1: There is significant relation between occupation and cause for participation in chit fund.

Hypothesis 3:

H0: There is no significant relation between age and causes for participation in chit fund

H1: There is significant relation between age and cause for participation in chit fund

Hypothesis 4:

H0: There is no significant relation between monthly income and cause for participation in chit fund

H1: There is significant relation between monthly income and cause for participation in chit fund

Hypothesis 5:

H0: There is no significant relation between gender and causes for bidding in chit fund

H1: There is significant relation between gender and cause for bidding in chit fund

Hypothesis 6:

H0: There is no significant relation between occupation and cause for bidding in chit fund

H1: There is significant relation between occupation and cause for bidding in chit fund

Hypothesis 7:

H0: There is no significant relation between age and cause for bidding in chit fund

H1: There is significant relation between age and cause for bidding in chit fund

Hypothesis 8:

H0: There is no significant relation between monthly income and cause for bidding in chit fund

H1: There is significant relation between monthly income and cause for bidding in chit fund

Hypothesis 9:

H0: There is no significant relation between gender and cause for saving in chit fund

H1: There is significant relation between gender and cause for saving in chit fund

Hypothesis 10:

H0: There is no significant relation between occupation and cause for saving in chit fund.

H1: There is significant relation between occupation and cause for saving in chit fund.

Hypothesis 11:

H0: There is no significant relation between age and cause for saving in chit fund

H1: There is significant relation between age and cause for saving in chit fund

Hypothesis 12:

H0: There is no significant relation between having bank loan and membership in multiple chit schemes.

H1: There is significant relation between having bank loan and membership in multiple chit schemes.

Hypothesis 13:

H0: There is no significant relation between monthly income and participation in unregistered chit funds

H1: There is significant relation between monthly income and participation in unregistered chit funds

Hypothesis 14 :

H0: There is no significant relation between causes to prefer chit fund over bank and having bank loan.

H1: There is significant relation between causes to prefer chit fund over bank and having bank loan.

Hypothesis 15:

H0: Presence of safety, flexibility, timely payment, low commission, better service, personal contact, having a bank loan are no significant predictors of regular participation in chit fund.

H1: Presence of safety, flexibility, timely payment, low commission, better service, personal contact ,having a bank loan,are significant predictors of regular participation in chit fund.

.

3.8 SAMPLING METHOD

Members of four registered chit fund companies in Bangalore. The four registered chit fund companies were selected due to the large size of their subscriber base.

3.8.3 SIZE OF SAMPLE

150 respondents

3.9 MECHANISM OF STUDY

3.9.1 PRIMARY RESEARCH

Questions relating to behaviour and financial pattern will be found out through questionnares

3.9.2 SECONDARY RESEARCH

‘ Reports on chit fund industry

OVERVIEW OF INDIAN CHIT FUND INDUSTRY

4.1.1 NUMBER OF REGISTERED CHIT FUND COMPANIES:

According to the Ministry of Corporate Affairs, as on 31st December, 2013:

Volume of registered chit companies: 5412

Volume of chit companies in Karnataka: 703

Number of chit fund companies in Bangalore: 315

UNREGISTERED CHIT FUND INDUSTRY

Although unregistered chits are an informal source of finance but still they are a significant part of the chit fund industry. Though they are more easily accessible as compared to registered chit funds.

4.3 PURPOSE OF THE STUDY

The study titled ‘A Study on Chit Funds in Bangalore to understand the behaviour and financial needs of the chit fund members as well as to identify the important predictors of regular participation in chit funds’ attempt in The study estimates the net returns and interest rate on Chit funds. This study also examines the limitations of the Chit Acts and suggests suitable recommendations for improving the functioning of such institutions.

4.4 LIMITATION OF STUDY

‘ Unwillingness of the members to share their income and financial details made the task of data collection somewhat difficult.

‘ Collecting data became difficult since I don’t know the regional languages.

5.2 ANALYSIS OF DATA

The analysis is done on the primary data collected from 150 chit funds members in Bangalore

TESTING OF HYPOTHESES

5.4.1 Hypothesis 1:

H0: There is no significant relation between gender and cause for participation in chit fund.

H1: There is significant relation between gender and cause for participation in chit fund.

Chi-Square Tests

Value df Asymp. Sig. (2-sided)

Pearson Chi-Square 31.070a 16 .013

Likelihood Ratio 35.945 16 .003

Linear-by-Linear Association 8.809 1 .003

N of Valid Cases 150

a. 1 cells (10.0%) have expected count less than 5. The minimum expected count is .30.

Symmetric Measures

Value Approx. Sig.

Nominal by Nominal Phi .455 .013

Cramer’s V .228 .013

N of Valid Cases 150

a. Not assuming the null hypothesis.

b. Using the asymptotic standard error assuming the null hypothesis.

INTERPRETATION:

The value of chi-square=31.070 was p=.013, less than 0.05.

We can see that the strength of association between the variables is moderate (Phi and Cramer’s V -0.455).

Therefore, the research hypothesis that differences in ’cause to participate in chit funds’ are related to differences in ‘age” is supported by this analysis. This means that different age groups of the chit fund members have different reasons of participating in chit funds. As can be seen from the table above that those who belong to ’36-45 years’ have saving as the predominant reason to participate whereas members of other age groups do not have any dominant reason to participate.

5.4.2 Hypothesis 2:

Hypothesis 2:

H0: There is no significant relation between occupation and cause for participation in chit fund.

H1: There is significant relation between occupation and cause for participation in chit fund.

Hypothesis 3:

. Hypothesis 3:

H0: There is no significant relation between age and causes for participation in chit fund

H1: There is significant relation between age and cause for participation in chit fund

Chi-Square Tests

Value df Asymp. Sig. (2-sided)

Pearson Chi-Square 10.018a 4 .040

Likelihood Ratio 10.478 4 .033

Linear-by-Linear Association 6.876 1 .009

N of Valid Cases 150

Symmetric Measures

Value Approx. Sig.

Nominal by Nominal Phi .258 .040

Cramer’s V .258 .040

N of Valid Cases 150

a. Not assuming the null hypothesis.

a. Using the asymptotic standard error assuming the null hypothesis.

INTERPRETATION:

The value of chi-square=10.018 was p=.040, less than 0.05.

.We can see that the strength of association between the variables is weak (0.258)

Therefore, the research hypothesis that differences in ’cause to participate in chit funds’ are related to differences in ‘gender” is supported by this analysis. This means that males and females have different reasons of participating in chit funds. As it can be seen that males participate in chit funds for business and personal consumption purposes apart from saving whereas women predominantly participate to save.

5.4

Hypothesis 4:

H0: There is no significant relation between monthly income and cause for participation in chit fund

H1: There is significant relation between monthly income and cause for participation in chit fund

Chi-Square Tests

Value df Asymp. Sig. (2-sided)

Pearson Chi-Square 82.176a 12 .000

Likelihood Ratio 97.665 12 .000

Linear-by-Linear Association 15.696 1 .000

N of Valid Cases 150

Symmetric Measures

Value Approx. Sig.

Nominal by Nominal Phi .740 .000

Cramer’s V .427 .000

N of Valid Cases 150

INTERPRETATION:

We can see that the strength of association between the variables is strong (0.740)

Therefore, the research hypothesis that differences in ‘reason to participate in chit funds’ are related to differences in ‘occupation” is supported by this analysis. It can be seen that the self-employed members mainly participate to avail for business reasons whereas salaried employee participate mainly for personal consumption purposes.

Hypothesis 5:

Hypothesis 5:

H0: There is no significant relation between gender and causes for bidding in chit fund

H1: There is significant relation between gender and cause for bidding in chit fund

Chi-Square Tests

Value df Asymp. Sig. (2-sided)

Pearson Chi-Square 66.691a 20 .000

Likelihood Ratio 43.579 20 .002

Linear-by-Linear Association 4.804 1 .028

N of Valid Cases 150

a. 1 cell (10.0%) has expected count less than 5. The minimum expected count is .07.

Symmetric Measures

Value Approx. Sig.

Nominal by Nominal Phi .667 .000

Cramer’s V .333 .000

N of Valid Cases 150

a. Not assuming the null hypothesis.

b. Using the asymptotic standard error assuming the null hypothesis.

INTERPRETATION:

The (chi-square=66.691) was p=.000, less than 0.05.

We can see that the strength of association between the variables is moderately strong (0.667)

Therefore, the research hypothesis that differences in ’cause to bid in chit funds’ are related to differences in ‘age” is supported by this analysis. It can be seen that the members of age group’36-45 years’ are more interested in bidding for business related purposes where members of other age groups bid mainly for emergency needs.

5.4.6 Hypothesis 6:

. Hypothesis 6:

H0: There is no significant relation between occupation and cause for bidding in chit fund

H1: There is significant relation between occupation and cause for bidding in chit fund

Chi-Square Tests

Value df Asymp. Sig. (2-sided)

Pearson Chi-Square 7.167a 5 .209

Likelihood Ratio 7.885 5 .163

Linear-by-Linear Association 1.120 1 .290

N of Valid Cases 150

a. 5 cells (41.7%) have expected count less than 5. The minimum expected count is .81.

Symmetric Measures

Value Approx. Sig.

Nominal by Nominal Phi .219 .209

Cramer’s V .219 .209

N of Valid Cases 150

a. Not assuming the null hypothesis.

b. Using the asymptotic standard error assuming the null hypothesis.

INTERPRETATION:

The probability of the chi-square test statistic (chi-square=7.167) was p=.209, more than the alpha level of significance of 0.05.

Therefore, the research hypothesis that differences in ‘reason to bid in chit funds’ are related to differences in ‘gender” is not supported by this analysis.

5.4.7 Hypothesis 7:

Hypothesis 7:

H0: There is no significant relation between age and cause for bidding in chit fund

H1: There is significant relation between age and cause for bidding in chit fund

Chi-Square Tests

Value df Asymp. Sig. (2-sided)

Pearson Chi-Square 180.915a 15 .000

Likelihood Ratio 160.460 15 .000

Linear-by-Linear Association 28.379 1 .000

N of Valid Cases 150

a. 1 cell (10.0%) has expected count less than 5. The minimum expected count is .13.

Symmetric Measures

Value Approx. Sig.

Nominal by Nominal Phi 1.098 .000

Cramer’s V .634 .000

N of Valid Cases 150

INTERPRETATION:

The (chi-square=180.915) was p=.000, less than 0.05.

We can see that the strength of association between the variables is extremely strong (1.098)

Therefore, the research hypothesis that differences in’ are related to differences in ‘occupation” is supported by this analysis. It can be clearly seen that self-employed people bid in chit scheme mostly for business purposes, salaried people for emergency needs and housewives for household purposes.

5.4.8 Hypothesis 8:

Hypothesis 8:

H0: There is no significant relation between monthly income and cause for bidding in chit fund

H1: There is significant relation between monthly income and cause for bidding in chit fund

Chi-Square Tests

Value df Asymp. Sig. (2-sided)

Pearson Chi-Square 123.331a 35 .000

Likelihood Ratio 106.298 35 .000

Linear-by-Linear Association 4.957 1 .026

N of Valid Cases 150

INTERPRETATION:

The probability of the chi-square test statistic (chi-square=123.331) was p=.000, less than the alpha level of significance of 0.05.

We can see that the strength of association between the variables is extremely strong (.907)

Therefore, the research hypothesis that differences in ‘reason to bid in chit funds’ are related to differences in ‘income” is supported by this analysis. It can be clearly seen that low income members bid mostly for consumption reasons whereas higher income members bid for business related and emergency purposes.

SUMMARY:

Reason to bid in chit fund has the strongest association with the occupation of the chit fund members as the probability of the chi-square test statistic (chi-square=180.915) was p=.000 and the strength of association between the variables is extremely strong (1.098).

5.4.

Hypothesis 9:

H0: There is no significant relation between gender and cause for saving in chit fund

H1: There is significant relation between gender and cause for saving in chit fund

Chi-Square Tests

Value df Asymp. Sig. (2-sided)

Pearson Chi-Square 21.702a 16 .153

Likelihood Ratio 23.775 16 .095

Linear-by-Linear Association 2.397 1 .122

N of Valid Cases 150

INTERPRETATION:

The chi-square=123.331) was p=.153, more than 0.05. Therefore, the research hypothesis that differences in ’cause to save in chit funds’ are related to differences in ‘age” is not supported by this analysis.

5.4.10 Hypothesis 10:

H0: There is no significant relation between occupation and cause for saving in chit fund.

H1: There is significant relation between occupation and cause for saving in chit fund.

Chi-Square Tests

Value df Asymp. Sig. (2-sided)

Pearson Chi-Square 20.510a 4 .000

Likelihood Ratio 29.038 4 .000

Linear-by-Linear Association 7.062 1 .008

N of Valid Cases 150

a. 1 cell (10.0%) has expected count less than 5. The minimum expected count is .81.

Symmetric Measures

Value Approx. Sig.

Nominal by Nominal Phi .370 .000

Cramer’s V .370 .000

N of Valid Cases 150

a. Not assuming the null hypothesis.

b. Using the asymptotic standard error assuming the null hypothesis.

INTERPRETATION:

The chi-square=20.510) was p=.000, less than 0.05.

We can see that the strength of association between the variables is weak (.370).Therefore, the research hypothesis that differences in ’cause to save in chit funds’ are related to differences in ‘gender” is supported by this analysis.

5.4.11 Hypothesis 11:

Hypothesis 11:

H0: There is no significant relation between age and cause for saving in chit fund

H1: There is significant relation between age and cause for saving in chit fund

Chi-Square Tests

Value df Asymp. Sig. (2-sided)

Pearson Chi-Square 67.261a 12 .000

Likelihood Ratio 60.380 12 .000

Linear-by-Linear Association 9.507 1 .002

N of Valid Cases 150

a. 1 cell (10.0%) has expected count less than 5. The minimum expected count is .13.

Symmetric Measures

Value Approx. Sig.

Nominal by Nominal Phi .670 .000

Cramer’s V .387 .000

N of Valid Cases 150

INTERPRETATION:

The chi-square=67.261 was p=.000, less than 0.05.

We can see that the strength of association between the variables is moderately strong(.670).Therefore, the research hypothesis that differences in ‘reason to cause in chit funds’ are related to differences in ‘occupation” is supported by this analysis. Salaried people save their money in chit fund with no particular purpose. But self-employed people are equally interested in saving for house purchase as well as for general purpose.

SUMMARY:

chit fund is most closely associated with occupation of the chit fund members as it has the highest value of chi-square statistic and Phi coefficient.

5.4.12 Hypothesis 12:

Hypothesis 12:

H0: There is no significant relation between having bank loan and membership in multiple chit schemes.

H1: There is significant relation between having bank loan and membership in multiple chit schemes.

Chi-Square Tests

Value df Asymp. Sig. (2-sided)

Pearson Chi-Square 56.697a 3 .000

Likelihood Ratio 67.900 3 .000

Linear-by-Linear Association 36.400 1 .000

N of Valid Cases 150

INTERPRETATION:

The probability of the chi-square test statistic (chi-square=56.697) was p=.000, less than the alpha level of significance of 0.05.

We can see that the strength of association between the variables is strong (.615).

Therefore, the research hypothesis that differences in ‘membership in multiple chit schemes are related to differences in ‘having currently bank loan” is supported by this analysis. It is clearly evident that those members currently having bank loan have invested in only one chit scheme whereas those members who do not have availed bank loan have invested in more than one chit schemes.

5.4.13 Hypothesis 13:

Hypothesis 13:

H0: There is no significant relation between monthly income and participation in unregistered chit funds

H1: There is significant relation between monthly income and participation in unregistered chit funds

.

Chi-Square Tests

Value df Asymp. Sig. (2-sided)

Pearson Chi-Square 96.660a 7 .000

Likelihood Ratio 85.378 7 .000

Linear-by-Linear Association 59.577 1 .000

N of Valid Cases 150

a. 1 cell(10.0%) has expected count less than 5. The minimum expected count is 1.08.

INTERPRETATION:

The chi-square=96.660 was p=.000, less than 0.05.

We can see that the strength of association between the variables is extremely strong (.803).

Therefore, the research hypothesis that differences in ‘participation in unregistered chit funds’ are related to differences in ‘income” is supported by this analysis. It is clearly evident that mostly low- income members have participated in unregistered funds. This is because the registered funds have become expensive due to the increase in their operational cost as a result of stringent regulations.

5.2.14 Hypothesis 14 :

H0: There is no significant relation between causes to prefer chit fund over bank and having bank loan.

H1: There is significant relation between causes to prefer chit fund over bank and having bank loan

Chi-Square Tests

Value df Asymp. Sig. (2-sided)

Pearson Chi-Square 28.049a 5 .000

Likelihood Ratio 31.806 5 .000

Linear-by-Linear Association 2.967 1 .085

N of Valid Cases 150

a. 2 cells (15.0%) have expected count less than 5. The minimum expected count is 1.79.

Symmetric Measures

Value Approx. Sig.

Nominal by Nominal Phi .432 .000

Cramer’s V .432 .000

N of Valid Cases 150

INTERPRETATION:

The probability of the chi-square test statistic (chi-square=28.049) was p=.000, less than the alpha level of significance of 0.05.

We can see that the strength of association between the variables is moderate (.432).

Therefore, the research hypothesis that differences in ’cause to prefer chit fund over bank’ are related to differences in ‘having bank loan” is supported by this analysis. It is clearly evident that members who have bank loan have preferred chit fund over bank mainly due to better dividends. But those who do not have bank loan prefer chit fund over bank mainly due to better service in terms of more personalized service.)

5.2..15 Hypothesis 15: To identify significant predictors of regular participation in chit funds using Binary Logistic Regression

Hypothesis 15:

H0: Presence of safety, flexibility, timely payment, low commission, better service, personal contact, having a bank loan are no significant predictors of regular participation in chit fund.

H1: Presence of safety, flexibility, timely payment, low commission, better service, personal contact ,having a bank loan,are significant predictors of regular participation in chit fund.

Variables in the Equation

B S.E. Wald df Sig. Exp(B)

Step 0 Constant -1.046 .186 31.574 1 .000 .351

Model Summary

Step -2 Log likelihood Cox & Snell R Square Nagelkerke R Square

1 37.170a .533 .576

a. Estimation terminated at iteration number 6 because parameter estimates changed by less than .001.

Variables in the Equation

B S.E. Wald df Sig. Exp(B)

Step 1a bank_loan(1) 1.068 1.265 14.715 1 .000 11.720

reason_2 2.286 4 .683

reason_2(1) 1.336 1.077 1.540 1 .215 3.805

reason_2(2) .134 2.239 .004 1 .952 1.143

reason_2(3) -.559 1.896 .087 1 .768 .572

reason_2(4) .731 1.347 .294 1 .588 2.076

reason_3 4.874 5 .431

reason_3(1) 1.188 .924 1.652 1 .199 3.279

reason_3(2) 1.661 2.048 .658 1 .417 5.263

reason_3(3) -1.654 1.228 1.813 1 .178 .191

reason_3(4) .404 1.192 .115 1 .735 1.497

reason_3(5) -17.379 20.722 .000 1 .700 .000

reason_4 .355 4 .986

reason_4(1) -1.047 1.850 .320 1 .571 .351

reason_4(2) -.839 1.979 .180 1 .672 .432

reason_4(3) -.932 1.637 .324 1 .569 .394

reason_4(4) 3.519 4.199 .000 1 .600 3.746

reason_5 8.553 5 .128

reason_5(1) -.254 1.768 .021 1 .886 .776

reason_5(2) -19.245 9.890 .000 1 .999 .000

reason_5(3) 1.420 1.338 1.126 1 .289 4.136

reason_5(4) -.747 1.306 .327 1 .567 .474

reason_5(5) .561 1.342 .174 1 .676 1.752

B S.E. Wald df Sig. Exp(B)

Step 1a Safety -.075 .320 4.377 1 .011 0.928

Flexi -.178 .426 3.337 1 .021 0.837

commision -.185 .188 1.868 1 .026 0.831

payment -.267 .178 1.657 1 .097 0.766

service -.859 .412 1.348 1 .083 0.424

personal -1.122 .163 .996 1 .079 0.329

Constant 3.058 2.440 1.571 1 .010 21.291

a. Variable(s) entered on step 1: : bank_loan, reason_2, reason_3, reason_4, reason_5.imp1, imp2, imp3, imp4, imp5, imp6.

INTERPRETATION:

‘ -2 Log Likelihood statistic is 37.170. This statistic how poorly the model predicts the decisions — the smaller the statistic the better the model. Since, 37.170 is a relatively small number therefore, this model is able to predict the decisions in a better way.

‘ Here Cox & Snell R Square statistic indicates that 53.3% of the variation in the regular participation in chit funds is explained by the logistic model.

‘ In our case Nagelkerke R Square is 0.576, indicating a moderate relationship of 57.6 % between the predictors and the prediction.

‘ If it is less than .05 then, we will reject the null hypothesis and accept the alternative hypothesis.

‘ In this case, we can see that bank loan, safety, flexibility and low commission have contributed signi’cantly to the prediction of regular participation in chit funds but other variables are not significant predictors of regular participation in chit funds.

‘ Since only bank loan has p=.000, therefore we can say that bank loan is the most significant predictor

among other significant predictors. This is followed by safety (p=.011), flexibility (p=.021) and low commission (p=.026).

‘ Here, the EXP (B) bank loan is 11.727. Hence when bank loan is availed by one unit (one person) the odds ratio is 11 times as large and therefore people are 11 more times likely not to regularly participate in chit funds.

‘ Here, the EXP (B) with safety is .928. Hence when safety is increased by one percent the odds ratio is .928 times as large and therefore people are .928 more times likely to regularly participate in chit funds.

‘ Here, the EXP (B) flexibility is 837. Hence when flexibility is increased by one percent the odds ratio is .928 times as large and therefore people are .837 more times likely to regularly participate in chit funds.

‘ Here, the EXP (B) low commission is .831. Hence when flexibility is increased by one percent the odds ratio is .928 times as large and therefore people are .831 more times likely to regularly participate in chit funds.

SUMMARY

Bank loan is the most significant predictor of regular participation in chit funds. This is followed by safety, flexibility and low commission.

Instalment no No of months remaining Monthly subscription Prize amount PV of monthly subscription(PV of outlow at 10%) PV of Prize amount(PV of inflow at 10%) Net Present Value(PV of inflow – PV of outflow)

1 24 2000 50000 2000 50000 10444.9

2 23 1500 35000 1488.1 34723.1 -4832.0

3 22 1500 35000 1476.4 34448.4 -5106.7

4 21 1500 35000 1464.7 34175.9 -5379.2

5 20 1500 35000 1453.1 33905.5 -5649.6

6 19 1500 35000 1441.6 33637.3 -5917.8

7 18 1500 35000 1430.2 33371.2 -6183.9

8 17 1500 35000 1418.9 33107.2 -6447.9

9 16 1620 38000 1520.3 35660.6 -3894.5

10 15 1620 38000 1508.2 35378.5 -4176.6

11 14 1700 40000 1570.2 36945.9 -2609.2

12 13 1700 40000 1557.8 36653.6 -2901.5

13 12 1780 42000 1618.2 38181.8 -1373.3

14 11 1780 42000 1605.4 37879.8 -1675.3

15 10 1780 42000 1592.7 37580.1 -1975.0

16 9 1860 44000 1651.1 39058.2 -496.9

17 8 1860 44000 1638.0 38749.2 -805.9

18 7 1860 44000 1625.1 38442.6 -1112.5

19 6 1940 46000 1681.6 39872.1 317.0

20 5 1940 46000 1668.3 39556.6 1.5

21 4 1940 46000 1655.1 39243.7 -311.4

22 3 1940 46000 1642.0 38933.2 -621.8

23 2 1940 46000 1629.0 38625.2 -929.8

24 1 1940 46000 1616.1 38319.7 -1235.4

25 0 1940 46000 1603.3 38016.5 -1538.6

39555.1 934465.9 -54411.4

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Merit goods common app essay help

Merit goods are goods which will be under-provided by the market, therefore they will be under-consumed. They are thought by the governments to be good for the populations and so the governments want them to be consumed to a great extent. They increase the private and social benefits and cause the social benefit be higher than the private one. The best examples of them, apart from all the public goods, can be the education, health care, sports facilities and the opera.

Although the majority of the merit goods is provided by the private sectors, not all the people can afford buying them, therefore they will be under-consumed. That is why the government is needed to destroy the market failure increasing the supply and consequently raising the consumption.

To explain the reasons for government to provide the merit goods, I need to apply some examples of them. The first one can be the education. It is significant for the governments to provide it so that the society would be well-educated. Governments determine the period of education required for people (the compulsory education) to maintain the proper level of education of the society. The governments find education an important aspect that should be available for everyone as it cause the whole country to have better both economic growth and economic development.

Considering another example such as health care, the situation is quite similar. The governments want to provide the population with it because they care about the high states of health of society in their country. To gain these, the countries need to have high quality of health care. Governments often offer people unpaid programs consisting of preventative medical examination which contribute to maintain the high number of healthy people. This is also connected with the problems of the labour market. The healthier people are, the more efficient their work is, the greater revenue firms have and countries are more developed because of taxations.

Other examples like sport facilities or the opera are meant for people to become physically and culturally developed but their availability is not as important as in the case of the previous examples. That is why they are not as much provided by the governments as the rest of the merit goods.

Although most of the merit goods provided by the governments are free, the fact is that they are paid through the taxes that the societies pay. The number of the merit goods of particular types that the governments provide or subsidize depends on the necessity of them. If they are provided, the societies’ benefits get higher and so is the public treasury of the countries.

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Research proposal: The effect of pregnancy on the adolescent pregnant teen & father medical school essay help

Abstract: The purpose for this research paper is to address the adolescent pregnant teen & father and the effects a pregnancy has on both of their lives during and after her pregnancy. How the teens need the support of the family, community, church, and the school system. I will also address the teen father mostly disregarded in any aspect of the teen’s pregnancy and how this affects him, and how both teens need support in our society. How we can address the social problem of teen pregnancy from all avenues.

‘Three issues that have an impact on the pregnant adolescent are discussed education, identity development, and maternal support’ (Turnage & Pharris, 2013). My research focuses on adolescent pregnant teen women 19 years old and younger. It will also reflect the problems of the teen pregnant adolescents journeying thru the process of becoming a teen mother, finishing high school, developing her own identity and the maternal support she gets from her mother during her transition from pregnant teen to motherhood.

‘Several issues that differently influence the pregnant teen is individually based on the female’s chronological age’ (Turnage & Pharris, 2013). ‘For the pregnant adolescent, her pregnancy supersedes high school graduation as the benchmark for her being viewed as an adult’ (Turnage & Pharris, 2013). ‘Failure to graduate high school is associated with poor social and educational outcomes for teen mothers and their children’ (Turnage & Pharris, 2013).

‘While the pregnant adolescent is defining who she is as a person she experiences a transition to the new identity of mother’ (Turnage & Pharris, 2013). ‘During her pregnancy the adolescent’s mother is seen as the primary source of support that contributes to a positive self-image and can assist her in the adapting to the role of parent’ (Turnage & Pharris, 2013).

My research paper will also show how important it is to support the teen during and after pregnancy. It addresses the need for the teen mothers to finish high school, and find her identity. How important it is to have the support system of her mother and family to achieve all of these things. Without these support systems, the pregnant adolescent could end up in poverty, no social skills, homeless and a host of other social problems for her and her baby.

Addressed and examined is teen motherhood and its long-term mental and physical health of the teen mother’ (Patel & Sen, 2012). They used a (PCS) health survey known as SF-12 NLSY79 a study that compared two major comparisons groups of which only teens who experienced teen pregnancy and girls who did not experience teen pregnancy. On average the survey for teen mothers was on average 50.89.

The study to access the health outcome of ‘two major comparison groups, which consisted of women who were only experienced teen pregnancy & women who were having unprotected sexual relation as a teen but did not become pregnant ‘ (Patel & Sen, 2012). Estimated is that teen mothers are more likely to have poor health later in life in the study of all the comparison groups.

Along with support, they desperately need help taking care of an infant as a teen; they need a support system to take notice of how they are managing their health & well-being so that they can be a successful teen parent. In addition, being a teen parent can affect the mother’s mentally as the pressure of being new teen mom can be stressful.

The teen mothers who marry after they give birth to their children statistics state that 30 % of them will not remain in their marriages into their 40’s. This result comes from teen adolescents in a single parent home raising their child. This can put a strain on the teen adolescent because she will financially have to seek support from her family or enter into the welfare system and suffer mental health issues.

‘Adolescent teen mothers identify social support with, parenting and emotional support primary emanating from family members, particularly their own mothers, as well as from the father of the baby (Savio Beers & Lee, 2009)’. ‘Older sisters may play an important role in the support network for adolescent mothers, the supportive sister relationships decrease depressive and anxiety-related symptoms in adolescent mothers (Savio Beers & Lee, 2009).

‘For some adolescent parents, participation in a religious community programs may provide the significant social support and serve as a protective factor’ (Savio Beers & Lee, 2009). This directly stresses the point that without the support of family, community, and church with the support of the father the adolescent teen mother can suffer mental issues, poverty issues, and marriage problems.

We addressed the many issues that teen mothers have to face, so now I would like to address the teen father in our society. What are their concerns on becoming a teen father, and how do they view their role as father where their masculinity is concerned? While most of the research done on teen pregnancy and parenting mainly focusing on the mother, the father is invisible.

Interviewed were 26 young teen fathers in the mid-western American towns. The in depth survey of three themes of gender discord focused on teen father narratives, which took on responsibility, sex, being a man, this is the direct viewpoint of the invisible teen father. What they feel about getting a teen girl pregnant and what responsibility they take in the pregnancy if any. How they relate to getting a teen pregnant and how that affects his identity as a man and their masculinity.

‘Gendered assumptions regarding pregnancy and contraception’specifically that women are in charge of preventing pregnancy and they have the belief that male sexuality is uncontrollable; and that use of love and intimacy talk (Weber, J. B., 2013). The teen fathers that took the questionnaire did not blame themselves for getting the teen girl pregnant. They see the teen’s pregnancy as her problem.

Studies suggest that teen fathers are more likely to be of a minority race. He has a mother who had a baby as a teen; his parents have a minimal education. His parents do not have high expectations of him finishing school; all of these factors result in the likelihood that makes him a candidate to becoming a teenage father. ‘The research states that the teen fathers go to school fewer years less than non-teenage fathers (Fletcher & Wolfe, 2011).

‘Evidence shows that men who have children before marriage leave school earlier and have worse labor markets outcomes’ (Fletcher & Wolfe, 2011). ‘Data was used only on young men who reported a pregnancy as an adolescent’ (Fletcher & Wolfe, 2011). It affects his completion of high school.

It also affects his ability to take care of the teen mother & baby, which causes him to drop out of school early. Statistically, ‘teen fathers work more hours and earn more money following the birth of a child then his non-parent counterparts’ (Fletcher & Wolfe, 2011). Teen fatherhood results in the teen father getting married early or co-habitation with the teen mother.

In conclusion, teen pregnancy is a social problem in the United States both teens will have to suffer in their education, grow up before their time, take on adult responsibilities, and suffer financial problems to take care of the child. Which ultimately falls on the parents of the teens, society or the welfare system in which the teen mother becomes a social statistic or shall I say a number.

Teen pregnancy as of 2014 have been on the decline in the United States and increased in other states, however a positive support system for both teens is minimal at best. Socially as communities, churches and government we have to take an active role in education of abstaining from sex, talking to the teens about sex, and protecting themselves against pregnancy.

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Reconnaissance attacks in IPv6 networks essay help writer

2.1.1 Reconnaissance attacks in IPv6 networks

The 1st larger attack in IPv6 is usually a reconnaissance attack. An attacker try reconnaissance attacks to get some confidential information about the victim network that can be misused by the attacker in further attacks. For this he uses active methods, such as scanning techniques or data mining strategies. To start, an intruder begins to ping the victim network to determine the IP addresses currently used in the victim network. After getting some of the accessible system, he starts to scan the port to find out any open port in the desired system. The size of subnet is bigger than that of the in IPv4 networks. To perform a scan for the whole subnet an attacker should make 264 probes and that???s impossible. With this fact, IPv6 networks are much more resistant to reconnaissance attacks than IPv4 networks. Unfortunately, there are some addresses which are multicast address in IPv6 networks that help an intruder to identify and attack some resources in the target network.

2.1.2 Security threats related to IPv6 routing headers

As per IPv6 protocol specification, all of the IPv6 nodes must be able to process routing headers. In fact, routing headers can be used to avoid access controls based on destination addresses. Such action can cause security effects. It may be happen that an attacker sends a packet to a publicly accessible address with a routing header containing a ???forbidden??? address on the victim network. In such matter the publicly accessible host will forward the packet to the destination address stated in the routing header even though that destination is already filtered before as a forbidden address. By spoofing packet source addresses an intruder can easily perform denial of service attack with use of any publicly accessible host for redirecting attack packets.

2.1.3 Fragmentation related security threats

As per IPv6 protocol specification, packet fragmentation by the intermediate nodes is not permitted. Since in IPv6 network based on ICMPv6 messages, the usage of the path MTU discovery method is a duty, packet fragmentation is only allowed at the source node.1280 octets is the minimal size of the MTU for IPv6 network. The packets with size less than 1280 octets to be discarded unless it???s the last packet in the flow as per security reasons. With use of fragmentation, an attacker can get that port numbers not found in the first fragment and thus they bypass security monitoring devices expecting to find transport layer protocol data in the very first fragment. An attacker will send a huge amount of small fragments and create an overload of reconstruction buffers on the victim system which resulted to the system crash. To prevent system from such attacks it???s necessary to bound the total number of fragments and their permissible arrival rate.

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WMBA 6000-13 Topic: Course Evaluation a level english language essay help

WMBA 6000-13

Topic: Course Evaluation

Date: March 2, 2014

Based on the assigned readings for this course (Dynamic Leadership), I have read an enormous amount of information about the different categories of leaders and leadership styles. Today’s leaders are different from the leaders of twenty to fifty years ago. In the past leaders gave commands and they controlled the actions of others. Today leaders are willing to involve others in their decision making and they are more open to new possibilities.

A good leader has a vision for their organization and they know how to align and engage employees in order to promote collaboration. The successful leader knows how to lead by using superior values, principles and goals that fit the organization’s values, principles and goals. Also these leaders know that leadership is not made from authority, it’s made from trust and followership. Coleman, J., Gulati, & Segovia, W.O. (2012)

I am impressed most by the characteristics of the authentic leader because they know how to develop themselves; they use formal and informal support networks to get honest feedback in order to drive long-term results. Authentic leaders build support teams to help them stay on course and counsel them in times of uncertainty. George, B., Sims, P., Mclean, A.N. & Mayer D. (2007)

In addition, I found the Leadership Code to be important because it provides structure and guidance and helps one to be a better leader by not emphasizing one element of leadership over another. Some focus on the importance of vision for the future; others on executing in the present; others on personal charisma and character; others on engaging people’; and others on building long-term organization. The code represents about 60 to 70 percent of what makes an effective leader. Ulrich, D., Smallwood, N., Sweetman, K. (2008)

The information that I acquired from this course will help me to pursue the goal of owning a beauty supply business. Another goal that I can add to my action plan is to include not only wigs and welted hair, but I will add hair, skin and nail products to my inventory. A future goal will be to add handbags and accessories as well.

After completing my short-term goal of finishing my MBA, I can take the knowledge from this course along with my values, ethics and principles to help me to manage employees and operate a successful business. Annie Smith (March 2, 20

Coleman, J. G. (2012). Educating young leaders. Passion and Purpose , 197-202.

George, B. S. (2007). Discovering your authentic leadership. Harvard Business Review , 129-138.

Lyons, R. (2012). Dean of Haas of School of Business University of California, Berkely. It’s made from followership. (J. G. Cole, Interviewer) Coleman, J., Gulati, D., & Segovia, W.O.

Ulrich, D. S. (2008). Five rules of leadership. In The leadership code five rules to lead by. Defining Leadership Code , 1-24.

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Family presence during CPR (cardiopulmonary resuscitation) law essay help

In a pre-hospital setting, there are few moments that are as intense as the events that take place when trying to save a life. Family presence during these resuscitation efforts has become an important and controversial issue in health care settings. Family presence during cardiopulmonary resuscitation (CPR) is a relatively new issue in healthcare. Before the advent of modern medicine, family members were often present at the deathbed of their loved ones. A dying person’s last moments were most often controlled by his or her family in the home rather than by medical personnel (Trueman, History of Medicine). Today, families are demanding permission to witness resuscitation events. Members of the emergency medical services are split on this issue, noting benefits but also potentially negative consequences to family presence during resuscitation efforts.

A new study has found that family members who observed resuscitation efforts were significantly less likely to experience symptoms of post-traumatic stress, anxiety and depression than family members that did not. The results, published in an online article in The New England Journal of Medicine, entitled ‘Family Presence during Cardiopulmonary Resuscitation,’ were the same regardless of the survival of the patient. The study involved 570 people in France whose family members were treated by emergency medical personnel at home. These EMS teams were unique in that they were comprised of a physician, a nurse trained in emergency medicine, and two emergency medical technicians. The study found that the presence of relatives did not affect the results of CPR, nor did it increase the stress levels of the emergency medical teams. Having family present also did not result in any legal claims after the incidents occured. While the unique limitations of the study warrant consideration, the results show a definite benefit in having families stay during CPR (Jabre Family Presence).

Historically, although parents of children have been allowed to be present for various reasons, relatives of adult patients have not. As medical practices change to increasingly involve family in the care of patients, growing numbers of emergency medical practitioners say that giving relatives the option of watching CPR can be a good idea. Several national organizations, including The American Heart Association, have revised their policies to call for giving family members the option of being present during CPR (AHA Guidelines for CPR). Witnessing CPR, say some emergency medical experts and family members, can take the mystery out of what could be a potentially terrifying experience. It can provide reassurance to family members that everything is being done to save their loved ones. It also can offer closure for relatives wanting to be with their family members until the last minute (Kirkland Lasting Benefit). Another benefit is that it shows people why reviving someone in cardiac arrest is much less likely than people assume from watching it being done on television (Ledermann Family Presence During). Family members who can truly understand what it means to ‘do everything possible’ can go on to make more informed decisions about end-of-life care for themselves or their families.

There are three perspectives on this issue- that of the emergency medical personnel providing care, the family, and the patients. The resistance on the part of the medical community to family presence during CPR stems from several different concerns. The most common concern among these is that family members, when faced with overwhelming fear, stress and grief, could disrupt or delay active CPR. Another concern raised by emergency medical personnel is that the realities of CPR may simply be too traumatic for loved ones, causing them to suffer more than they potentially would have if they had never witnessed the event. Some families share this view, citing the potential for extreme distress as a main reason for not wanting to witness resuscitation (Grice Study examining attitudes). Many emergency medical personnel also fear an increased risk of liability and litigation with family members present in the room (Fullbrook the Presence of Family). The worry is that errors can occur, inappropriate comments may be made, and the actions of the personnel involved may be misinterpreted. In an already tense situation, the awareness of the family could increase the anxiety of the personnel and create a greater potential for mistakes.

Another complication that arises from having families present during resuscitation attempts is that of patient confidentiality. The patient’s right to privacy should not be circumvented with implied consent. There is always the possibility that medical information previously unknown to the family may be revealed in the chaos of resuscitation. In addition, patient dignity, whether physical or otherwise, may become compromised (Fullbrook the Presence of Family). Beyond moral considerations, legal concerns regarding revealing patient information are real. This could become an even larger issue if there is no one available to screen witnesses, which could result in unrelated people gaining access to personal information. Eventually, a breach in confidentiality can lead to a breach in the confidence that the public has gained in pre-hospital emergency care.

Family presence during CPR in a pre-hospital setting remains a highly debatable topic. This could be largely due to the fact that the needs of the emergency medical providers and the rights of the patients can be at odds with the wishes of the family members. Although there are several possible reasons why family presence is not being welcomed into daily practice, one of the major reasons could be the lack of formal written policies that define the roles of families and providers placed into this situation. Bringing family members into a situation where CPR is being performed on a loved one should not happen haphazardly. It should happen with careful concern and support for everyone involved. Policies and protocols, defined by experienced personnel, can provide legal and emotional support. They can also potentially help ease anxiety by defining expectations and placing responsibility in the hands of people who are experienced enough to know how to handle the situation appropriately. The policies and protocols should address the basic needs of all people involved. Five basic needs should be addressed:

1. The number of people allowed to be present

2. Which relatives should be allowed to be present (age, relationship, etc.)

3. The role of the family members present and what is expected of them.

4. The place where the family should remain during the duration of CPR.

5. The formal wishes of the patient- written as a directive like a living will.

An important component of this is available, trained staff that can prepare the family members for what they will witness, support them through the event, and then direct them after the event’s conclusion.

The American Heart Association states that the goals of cardiopulmonary resuscitation are, ‘to preserve life, restore health, relieve suffering, limit disability, and respect the individual’s decisions rights and privacy’ (AHA Guidelines for CPR). The practice of offering family members the opportunity to be present during CPR is a controversial ethical issue in emergency medical services. While the results of the study published on this topic in The New England Journal of Medicine clearly show no negative side effects from having families present during resuscitation attempts, the limitations of the study lend to the need for more research before it could be universally accepted.

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Respondeat Superior essay help cheap

Legal claims that derive from a situation where there are claims of negligence can sometimes involve an entity other than the neglectful parties. In certain circumstances employers are fully responsible for their employees, and the tasks they perform during working hours. During the course of this paper, the doctrine of respondeat superior will be defined and explained. Two case studies in which the doctrine was applied will also be analyzed to determine if it was applied correctly.

Respondeat superior is a legal theory that holds employers responsible for any negligent or harmful act performed by an employee during the commission of their employment duties (Thornton, 2010). The Maryland Supreme Court in 1951 was the first court to utilize respondeat superior in a court case involving a question of employer liability (Burns, 2011). This doctrine is important as it holds employers liable in court cases where one of its employees does harm to an individual. Vicarious liability and indirect liability are two base concepts that make-up respondeat superior (Thornton, 2010). Respondeat superior shows that the employer did not have to be responsible for the employee???s negligent behavior, in the form of improper training or instruction to perform harmful acts, in order for the employer to be held legally responsible.

In the case of Valle v. City of Houston, the police force was sued for excessive force and an illegal search in an attempt to remove an individual from his parent???s home (Nicholl & Kelly, 2012). The situation stemmed from a man, Omar Esparza, barricading himself in his parent???s home and refusing to come out (p. 285). After a long police standoff, the SWAT team was ordered to forcefully enter the home and remove Mr. Esparza (p. 285). The SWAT team utilized taser gun and bean bag ammunition in an attempt to subdue Mr. Esparza after they felt he posed a physical threat by wielding a hammer, but as those attempts failed the suspect was fatally wounded when an officer fired his weapon (p. 286). Shortly after the incident the mother was allowed into the home, and she reported no visible evidence that her son was possession of a hammer (p. 286). The court found that the city was not liable for damages under the theory of respondeat superior, because the order to remove the individual from the home was not made by an individual deemed as a decision-maker by the city (p. 286).

From the outside, this case seems to fit the theory of respondeat superior. As the employer, the city should be held responsible for the actions of its employees. The police, serving as the city???s employees acted in a manner that was unnecessary for the situation and in conflict of their training (p. 286). However, the court sided with the City of Houston because the chain of command was not followed in regards to the use of force (p. 286). The end result is a case where an individual made a decision that was not his to make; that ultimately cost a man his life.

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Research Proposal: Stress Among Parents Of Adult Children With Intellectual Disabilities Summary And Response Essay Help

The main concept included in this study are stress, parents, children, and intellectual disabilities which the proposal will clarify at a later stage.

The topic of intellectual disability is a topic known to many people ,when items surrounding this topic are discussed ,the focus tends to be placed on the individual with the intellectual disability (ID). There is little emphases placed on those surrounding individuals with ID.it also tends to focus on the siblings of the individual with the ID; and little emphases is placed on the parents ,this is where the interest has developed for the researcher as it was felt that not enough has been written about the parents and the direct effects their childs disability has on them as individuals ,the researcher also has experience working with individuals with ID and from this experience has noticed through the interaction with parents the stress they encounter looking after a child with an ID .Through working in this area the researcher has gained interest in the effects on the parents and has felt that parents are often neglected . Through research for this proposal the researcher has found that others have also addressed the issue of stress among parents of children with ID.also in this research the researcher has not gained much information on supports services for parents regarding this topic and feels that there is a gap in relation to this . This topic is worth studying to gain an insight into the effects that stress has on the parents and how they may or may not have coped with this .

This research proposal will focus on the research question of ‘stress among parents of adults with intellectual disabilities .

For the purpose of this research the researcher aims to :

To show the effects of stress on parents with children with intellectual disabilities

To gain information through the completion of 40-60 questionnaires

To explore the service precisions in place for parents

To provide evidence of effectiveness of service provisions for parents

To look at different levels of stress

To establish the coping strategies used by parents of children with ID

The following pieces of literature includes journals ,books and internet sources .The literature discussed falls under the main concepts of this research proposal .These are stress ,parental stress, intellectual disabilities, coping strategies and support services.

Applying psychology by Nicola Brace ,Helen Westcott and Andy McBurnie (2008)chapter 1 written by Mary Hanley discusses the term stress which will help the researcher to define the term stress .William Wilkie(1999)titled ‘understanding stress breakdown’ also gives the researcher an understanding of stress and can be used in defining stress and understanding the process that individuals go through ,The’ relaxation and stress reduction workbook’ 5th edition by Davies ,Eshelman and McKay (2000) discusses not only what stress is but also looks at how individuals can manage their stress in a variety of ways

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Placement my essay help uk

The Placement I chose was with The Garden Team, Sunbeam House Services (S.H.S), which is based off the Veveay Road, Bray, Co Wicklow .This location is a day service which provides a day centre facility to a number of adults with intellectual disabilities.

The S.H.S ethos and philosophy aim to empower people within their care with the necessary skills to live full and satisfying lives as equal citizens of their local communities. The Garden Team day service focus is on the individual, their growth, development and care. The individual is encouraged and empowered to pursue their goals, dreams and aspirations on an ongoing basis. The Sunbeam organisation, via The Garden Team, in partnership with the individual implement supports to facilitate realisation of their service users goals and aspirations.

A quality system known within the organisation as personal outcomes ensures that the organisation provides service to and for its service users based on the principles of basic assurances, shared values, responsive services and community life. The main role of this system is that the individual???s personal preferences are supported and their personal choices facilitated. S.H.S is also committed to forging links with other organisations in order to ensure their service users goals and aspirations are met.

My Role within this placement was to shadow existing staff, assist them with whatever activities they undertook with the service users attending the day service and interact with the same said service users as and when they attended this day service. This interaction required communication skills such as active listening and non-verbal communication. Social care practice requires me to participate in reinforcing daily social skills such as interpersonal greeting and adherence to social norms. This practice involved daily rituals around breakfast in the day service involving everyone attending the service, such as staff, students and service users greeting each other appropriately, catching up on what each other had done the previous night /weekend .This is an idea opportunity for the staff to touch base with some of the service users who come from troubled backgrounds and also to judge the mood of the service users and through this they can detect when there is an issue that may need to be resolved.

The Garden Team placement ethos is based on the work ethic, social norms and personal outcomes of the individual service user. This is to ensure that the service users both individually and as a group have daily, weekly and long term goals to work towards .The service users have a keyworker within The Garden Team their role is to assist the service user and support them to achieve their personal outcomes.

A long term goal for a service user might be their wish to live independently as they may currently be living in the family home or in a residential service, this long term goal would be broken up into shorter term goals such as budgeting, social skills, personal hygiene and personal shopping this would all take place of a period of time and with each new skill

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Universal healthcare mba essay help

Universal healthcare it is a primary right or a privilege, It has many flaws in various countries and limited access to outrages expenses in MRI’s, long awaiting periods for surgical procedures. Many people have their care delayed and their medical condition gets much worse and can no longer receive treatment. In Germany healthcare is higher in taxes and have no problems receiving medical care. The French claim their salary is way lower as an employer and are required to pay in order to have national healthcare system and their care needed is always available. The American Journal of Public health confirms that 45,000 people die each year in the United States because of no Health Insurance. Yes, we have a right to healthcare.

Universal healthcare goal is to have people live in better health and protect from over charged care for medical hardships with billing. The uninsured are the main ones, who need Universal healthcare. People who make too, much money from working don’t qualify for Medicaid and end up with financial hardship and aren’t able to get the care needed for their health. The common issue for all universal healthcare programs is they need some form of government connection. The law determines what type of care is available and how the coverage will be paid. Many people choose to support the system known as a single payer health insurance. It’s when the government funds the healthcare and does not supply the care, Just like Medicare and Medicaid.

The poor people can’t afford healthcare and live in much worse environments and have more medical problems. We as Citizens of the United States have rights to Healthcare and our health is jeopardized by not being able to pay for insurance. People who work are struggling to pay for healthcare and have health conditions that need medical attention. Due to lack of work for health issue some people lose their jobs and are forced to file bankruptcy. This is why poor people are struggling in the economy and are forced to live in bad health. The right to healthcare should be a civil right. People should not be categorized by their illness and have financial problems paying for their medical treatments. Americans that are poor have bad health and one doctor visit can diagnose their condition before it leads to death.

Therefore, I am for our rights to have universal healthcare for people who need it and can’t afford insurance. This coverage will not only save peoples life and help us get out of debt with medical bills over charging major countries. It is funded through taxation and every day, we people could use this form of coverage I support the government in helping us as the economy to live healthier and longer with better care from universal healthcare coverage.

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Implementing Swifinet persuasive essay help

ABSTRACT

Use of wireless sensor networks (WSN) has resulted in many revolutionary changes in human life. WSN has gain significant concentration from scientist and end users. ‘SWiFiNet’ is task distributed reusable system architecture. In this architecture complex functionality has been transfer to the second tire devices of the system. Second tire devices are provided with more resources. ‘SWiFiNet’ satisfy the desire architecture of the WSN. This paper aims to analyze various reusable wireless sensor networks and concept related to ‘SWiFiNet’. And it provides the existing architecture of ‘SWiFiNet’ and also the functionality of the component of the reusable network architecture. This paper also provides idea about the proposed ‘SWiFiNet’ which will be developed on IEEE 802.15.4 MAC/PHY layer which will be having more advantages over its counterparts.

Keywords:- WSN, SWiFiNet, Reusable architecture.

I. INTRODUCTION:

Use of wireless network is increasing in every field, day by day. WSN is extensively use where wired network cannot be deployed or is expensive to deploy. WSN opens many ways for research community to further enhance wireless communication efficiency and productivity. Many protocols and algorithms has been developed to addressed many kind of issues related to WSN. But most of these protocols and algorithms concentrate on routing, energy efficiency, reliability and congestion control.

No more research is done on creating some integrated network architecture that will make the implementation of any WSN application easy. It means to make the components of the WSN system reusable. The main focus of WSN is on creating more and more efficient wireless interfaces. The wireless sensor network generally developed for specific work. These work include climate reporting, military applications, fuel level indicator and many more. While creating such system one has to start from the scratch and it becomes burdensome.

So, for all these difficulties, one solution is to create reusable WSN framework. This kind of framework is developed in ‘SWiFiNet’. It is a task distributed System Architecture for WSN.

This paper provides overview of ‘SWiFiNet’ and reusable architecture for WSN. In first section provided introduction about WSN and ‘SWiFiNet’. Second section provides related work regarding task distributed network architecture. Third section provides design goals of reusable architecture. Fourth section provides WSN architecture along with ‘SWiFiNet’ architecture comparison. Fifth and last part concludes the paper.

II. RELATED WORK

There has been attempts to make hierarchical task distributed reusable wireless sensor network architecture. Most of such proposals were developed using 802.11. The different applications related to reusable WSN architecture is as follows:-

ART wise gateway architecture was presented by Leel et al [4]. The architecture is two tire architecture. Tier one uses IEEE 802.15.4 and tire two uses 802.11. Linfeng develop Environmental adaptive Architecture model for wireless sensor network [5]. It was two tire architecture. The second tire was capable of adding number of nodes without affecting two tire architecture. ANGLE [5] architecture was develop for the health care applications. In this application authors claims that it can be reused for any other application.

Open and reconfigurable wireless sensor network has been proposed by Triantafyllidis. It was developed for pervasive health monitoring. Its main emphasis was on easy extension with additional sensor functionality. ZUMA [6] was developed for centralize smart phone platform which will interconnects all kinds of smart phone devices.

The ReWINS [3] research initiative is an attempt to advance such an end-to-end solution with support for incremental arrangement through a transparent lower layer implementation and control architecture and a user-friendly application interface.

Wireless Integrated Network Sensors or the WINS [7] project and NIMS project at University of California, Los Angeles is about ad-hoc wireless sensor network research dealing mainly with constructing micro-electronic mechanical sensors (MEMS) [8], effective circuit design, and design of self-organizing wireless network architecture. Though these projects have been successful in demonstrating a network of self-organized sensor wireless nodes, they seem to have a bias towards environmental and military applications. Also they use proprietary RF communication technology and hence the solutions are limiting for wide scale deployments in industries.

Motes and Smart Dust project [9] at University of California, Berkeley involved creating particularly low-cost micro-sensors, which can be suspended in air, buoyed by currents. Crossbow Inc. has commercialized the conclusion of this project. Here again the solution is limiting, as exclusive communication technologies have been used to achieve inter-device communication. Further, the focus has been on development of sensors and their communication rather than how the sensors will be integrated to form systems. This is generally termed as the ‘bottom-up’ approach, which may not be suitable for building complex systems.

Pico-Radio [10] ‘ A group headed by Jan Rabaey at University of California, Berkeley is trying to build an integrated wireless application interface called Sensor Network Service Platform. An attempt is to develop an interface that will abstract the sensor network and make it transparent to the application layer. A introductory draft describing the application interface has been recently released. They believe in a ‘top down approach’ (from control to sensor nodes) for building sensor networks which is probably more suitable for building complex systems.

Recently, there have been several work initiatives like TinyDB [11], Cornell’s Cougar etc. to develop a declarative SQL-like language to query sensors and define certain standard query services. Here the employment is sensor-interface specific and not a general or abstracted sensor networking platform. These query services can be implemented with ease on top of our (developed) wireless interface and sensor networking platform and can be made generic by extending them for other sensors.

Other research initiatives in this field include MIT’s ??AMPS, Columbia University’s INSIGNIA, Rice University’s Monarch. Though there have been a lot of research efforts in developing ad-hoc wireless networks, the focus has been on developing smart wireless sensor interfaces and not much attention has been paid to the actual application integration. Typical approach has been to develop powerful smart wireless interfaces, which supports the important features/requirements for a particular class of applications (like military, environment sensing or more focused applications like fuel-level control in automobiles). The result is a number of wireless interfaces appropriate for a certain class of application; but almost no interoperability between them. We believe that the deployment of wireless infrastructure in industries will occur in incremental stages and thus interoperability (between different sensor-networks) and extendibility (according to application needs) will form the basic requirements of any prospective solution. A prospective good solution would be an end-to-end solution, which is modular and extendable.

All of the above applications were the forward steps towards the making of reusable network architecture. From the comparison of the above all network architecture, it is clear that user of hierarchical network give advantage over flat network. And three tire architecture is also better for reusable WSN architecture.

EXISTING SYSTEM:-

‘SWiFiNet’ [1] is task distributed and reusable component architecture. The task layer hierarchical model of ‘SWiFiNet’ is as shown in the given figure. It follows hierarchical architecture comprising of Master node, router node and sensor node. The base layer is 802.15.4 MAC/PHY layer.

Table 1. Comparison between different reusable wireless sensor network applications

Sr. No Application/Project Purpose of Application/Project Limitations

1 ART gateway architecture To develop Hierarchical two tire architecture each tire having different base MAC/PHY The system is more complex due to different protocol in each layer.

2 EAWNA To develop tire two in such a way that adding more sensor dose no affect the architecture The focus is given more on second tire of architecture.

3 ANGEL For health care application. Claimed to be reusable Reusable for specific health care application

4 ReWins To develop such an end-to-end solution The main focus is given on industrial scenarios.

5 Wireless Integrated Network Sensor Building efficient circuit design, and design of self-organizing wireless network architecture These project seems to have bias towards environmental and military application

6 Motes and smart dust project Creating low cost micro sensor which can suspended in air The focus is on sensors rather how they will be integrated

7 Pico-Radio To make sensor network transparent to application layer Suitable for building complex systems only

8 TinyDB To develop declarative SQL-like language to query sensor Not a generic or abstracted sensor networking platform

.

The upper layer to this layer is DLL task layer. All the network communication is controlled by this layer. The functionality of different device component of the architecture is as given below:

Sensor node: The task of sensor node is restricted to sensing background and connecting the neighboring nodes or the master node. When the packet is handed over to any parent node, then it is the responsibility of the parent node to transfer the packet to the master node. In this node’s layer architecture, the network layer will have the addresses of the parent devices. It will be stored in the table. Two types of addresses are present in the table. First one is primary parent address and the other is secondary parent address. If primary address parent is not available then secondary parent address will be try by the node.

If network layer don’t contain any table then a ‘Hello’ packet request is broadcast into the network. Then the neighboring device will issue the join request. The join request will be accepted if the device meets LQI threshold criteria.

Router Node: – Router nodes are come in use when sensor nodes are not in the range of Master Node. Clustering is also possible using router node. In ‘SWiFiNet’ distributed architecture the functionality of the router node increased remarkably. The complex implementation of any application or protocol will be deployed on the second tire devices. The router node network layer also maintains the table containing entries of the parent devices to the router node. It can be router node again or router will send the information directly to the master node. Router nodes will generate join request if they receive hello packet request from any sensor node.

Master node: The complete topology information of the network is maintain by the master node. When there is queried transmission model, master node will generate query and send it in the network. Whenever the routing tables are updated in end nodes or router nodes will send the information to the master node.

Sensor node Router Node Master Node

Fig 1. Distributed architecture of ‘SWiFiNet’

III. PROPOSED MODEL:

The ‘SWiFiNet’ model developed [1] is successfully implemented on the hardware as the architecture of the ‘SWiFiNet’ is defined. But ns-2 simulation of ‘SWiFiNet’ is based on 802.11a. As the basic idea of MAC/PHY layer is to have 802.15.4 which will work more efficiently on the ‘SWiFiNet’ architecture. The architectural diagram [1] is as shown below:-

In many of the sensor network architecture the sensor nodes are based on the 802.11a, but in ‘SWiFiNet’ MAC/PHY layer is based on 802.15.4. It is having low bandwidth comparative to the 802.11a. As the ns-2 modulation of the architecture is done using 802.11a, we cannot compare the exact result of hardware simulation and the software simulation.

Dynamic source routing (DSR) has similar characteristics as of ‘SWiFiNet’. After comparing the hardware results [1] with DSR it is found that ‘SWiFiNet’ is having better performance against many parameters. Implementation of ‘SWiFiNet’ using ns-2 on 802.15.4 IEEE is not yet checked against other protocols and hardware results.

The software architecture [2] of the ‘SWiFiNet’ agent is as shown in figure 2. This diagram shows the network component simulation in ns-2. The devices can be identified by the variable passed from TCL script. 1 value represent master node. 2 value represent router node and 3 value represent sensor node.

Fig 2: Component simulation in ns-2

IV. Conclusion:-

The survey paper provides a detailed comparison and description of the well-known projects and applications which are developed from reusable architecture point of view. ‘SWiFiNet’ is basically a task distributed generic reusable architecture for WSN. The functionality of sensor node is reduced and has been transferred to the second tire devices like router node. By doing so sensor nodes are restricted to gather information and connecting to neighboring nodes. As time synchronization overhead is not present the lifetime of the network increase.

This reusable architecture can be used for various range of applications and can be configured accordingly. This paper gives proposed ‘SWiFiNet’ system which will be based on 802.15.4 IEEE standard and will be useful for researchers in many ways.

V. REFERENCES:

[1] A. H. Willig, J. H. Karowski, N. Baldus, H. Huebner, A., “The ANGEL WSN Architecture,” in Electronics, Circuits and Systems, 2007. ICECS 2007. 14th IEEE International Conference on, 2007, pp. 633-636.

[2] A. W. Rohankar, Mrinal K. Naskar, Amitava Mukharjee, ‘SWiFiNet’: Task Distributed System Architecture for WSN’ in IJACSA Special Issue on Selected Papers from International Conference & Workshop On Advance Computing 2013.

[3] A. W. Rohankar, Mrinal K. Naskar, Amitava Mukharjee, ‘A step towards reusable WSN architecture’, International Journal of Research and Reviews in Wireless Sensor Networks (IJRRWSN) vol. Vol. 2, 2012.

[4] B. S. P. Harish Ramamurthy, Rajit Gadh, “Reconfigurable Wireless Interface for Networking Sensors (ReWINS),” in proceeding of the 9th IFIP International Conference on Personal Wireless Communications (PWC 2004), 2004.

[5] J. C. Leal, A. Alves, M. Koubaa, A., “On a IEEE 802.15.4/ZigBee to IEEE 802.11 gateway for the ART-WiSe architecture,” in Emerging Technologies and Factory Automation, 2007. ETFA. IEEE Conference on, 2007, pp. 1388-1391.

[6] L. Linfeng, “Research on Environment-Adaptive Architecture Model of Wireless Sensor Networks,” in Networks Security Wireless Communications and Trusted Computing (NSWCTC), 2010 Second International Conference on, 2010, pp. 130-133.

[7] M. N. K. V. G. Soini, J. Rabaey, J. M. Sydanheimo, L. T., “Beyond Sensor Networks: ZUMA Middleware,” in Wireless Communications and Networking Conference, 2007.WCNC 2007. IEEE, 2007, pp. 4318-4323.

[8] Micro-Adaptive Multi-domain Power-aware Sensors (??AMPS) project at University of California, Berkeley, URL: http://www-mtl.mit.edu/research/icsystems/uamps/

[9] Pico-Radio project at University of California, Berkeley,URL:http://bwrc.eecs.berkeley.edu/Research/Pico_Radio/

[10] Smart Dust and motes project at University of California, Berkeley, URL: http://robotics.eecs.berkeley.edu/~pister/SmartDust/

[11] ] TinyDB project at University of California, Berkeley, URL: http://telegraph.cs.berkeley.edu/tinydb

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The Relationship between Manager Assertiveness and having to tell Employees Exactly What to Do essay help free

Not only is it important to tell workers exactly what to do by being direct, but it is of an equal importance to be assertive with them. If a manager is too passive with his or her employees, it may lead to a managerial mess, as many workers constantly try to test managers’ boundaries.

One of the main reasons as to why employees end up misbehaving in the workplace is primarily because they are not managed correctly, and those who are in authority allow them to get that way. When it comes to being a manager, you shouldn’t expect employees to respect you on a personal level, but you should expect them to respect your authority on a professional level.

Managers should not only be consistently setting up new boundaries, but they should also be enforcing them. Without enforcing them, if an employee overpasses it and nothing is advised to him or her, they will think it is okay to continue to do so. How will they know that it is wrong unless you tell them? It is of an utmost importance to also advise them that you can’t tolerate it.

As a manager, to do their job they have the innate obligation to do only the things that is right for the company that he or she works for. This includes of setting the appropriate boundaries, and not exercising too much sympathy and empathy as it may cause the manager to get too involved with their personal lives. Otherwise, he or she may promote favoritism thereby causing other employees to be jealous. Although this may be true, there is no need to be overly rude and cold towards employees. Being assertive and setting boundaries doesn’t always mean one has to be disrespectful or even rude to their employees. The difference between an authoritarian manager who respects their employees and for managers who don’t differentiates the results of whether or not employees comply or commit themselves to work. In order to have them commit rather than only comply, it is important to be respectful while being assertive. When employees are willing to commit, they are more than likely to deliver work that exceeds a manager’s expectations. (Alexander Hamilton Institute, 2012)

The Importance for Managers to Be a Leader

When it comes to capabilities to effectively communicate with employees, good managers are able to sustain and encourage self-assurance, enthusiasm, and emotional stability while pursuing their day-to-day activities. The position of being a manager can, at times, be quite stressful and overwhelming, so the ideal manager should not let it get to them.

Why is this important when it comes to effectively advising employees as to what has to be done?

If managers aren’t able to maintain self-control of their emotions, then it is likely that they won’t be able to do well at leading employees. Managers are commonly seen as a workplace role model, so if their employees see them as unable to maintain control, it is likely the employees won’t either, thereby leading to decreased amounts of productivity.

Why Communication Is a Key Aspect for Managers

In order to ensure efficient productivity among employees, it is important for them to be able to effectively communicate with them. Moreover, they must also be able to report to higher managers regarding productivity statistics and the like. Not only will great managers be able to communicate well with employees to advise them what they have to do, but they will also be active listeners. Without being able to listen to an employee when he or she has questions about their job or what they have to do, it is likely that they won’t end up doing what they are supposed to do. Another important trait for managers is being able to get a message across without having to overly emphasize it verbally. They know how to implement non-verbal communication techniques such as body language in order to get an important message across to employees. (Melinda Hill Mendoza, n.d).

Common Traits of a Good Employee’ Where You Don’t Have to Be As Specific

There are various indicators that strongly determine whether or not if you have to be overly specific when trying to get an employee to do something. Here I’ve included some of the top traits when it comes to being an effective listener as an employee.

‘ Action Oriented: When you tell an employee to do something, and if he or she is action-oriented, you will see them do it right away’ no questions asked. Although sometimes their work may not be sufficient, most of the time they will provide great work with high levels of productivity. Also, when it comes to productivity, they usually get things done a lot sooner than employees who are stagnant.

‘ Intelligent: Intelligence is important for an employee to thoroughly understand what you want them to do without you having to be too specific with them. Not only that, but when you tell an intelligent employee what to do, most of the time they will do it perfectly correct. It is very rare for an employee who has high levels of intelligence to ask too many questions for additional specificity.

‘ Ambitious: Having an employee with ambition is important because they are well-known to come up with creative ideas that can bring the productivity of any company to the next level. So rather than spending extra time telling them exactly what they have to do, they will work right away, and by the time they are done they will provide you with a genius idea to do things quicker, and you may want to consider forwarding it to your boss.

‘ Autonomous: Employees with an autonomous trait are known to begin working on a project the second you explain to them what needs to be done. They are extremely independent and they require no ‘hand-holding’ whatsoever. This is an important trait, because as a manager, they have a lot of tasks on hand and they don’t want to be wasting it answering a hundred questions about completing a simple task.

‘ Confidence: It is more likely for an unconfident employee to ask questions about exactly what they need to do than a confident employee. This is primarily due to the fact that employees who are confident will trust there instinct on what they’ve heard from the manager, and they won’t second guess their initial impression. On the other hand, unconfident employees will lack their confidence in trusting their understanding, causing them to ask a lot of unnecessary questions.

‘ Leadership: After confidence comes leadership. When you are explaining a task to an employee with leadership skills, you will be confident that they will over-deliver on your expectations. They have the experience to not only deliver the job promptly without any questions ask, but they can set the bar higher in terms of quality and productivity.

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Learning Theory Behaviorism (Teori Pembelajaran Behaviorisme) narrative essay help

2.0 Teori Pembelajaran Behaviorisme

Teori Behaviorisme merupakan satu pendekatan pemikiran yang menekankan peranan pengalaman dalam mengawal tingkah laku. Pengasas teori ini adalah J.B Watson yang popular dengan teori Little Albert. Namun, selain daripada J.B Watson terdapat tokoh lain yang turut mengkaji tentang teori ini. Mereka adalah Skinner, Thondike dan Pavlov. Teori pemerolehan bahasa Behavioris pada zaman sebelum ini lebih menekankan tingkah laku yang dapat dilihat sahaja. Bagi mereka perkara yang berlaku dalam otak manusia tidak dapat dikenalpasti. Mereka membuat analogi otak manusia sama seperti sebuah kotak hitam yang gelap. Oleh itu mereka tidak mementingkan peranan otak dalam pemerolehan bahasa.

Golongan mazhab ini menolak pendapat yang menghubungkan operasi kognitif dengan pemerolehan bahasa. Seseorang dianggap telah belajar sesuatu jika dia dapat menunjukkan perubahan perilakunya. Menurut teori ini dalam belajar yang penting adalah input yang berupa stimulus dan output yang berupa reaksi (respond). Stimulus adalah apa saja yang diberikan guru kepada pelajar, sedangkan respon berupa reaksi atau tanggapan pelajar terhadap stimulus yang diberikan oleh guru tersebut. Proses yang terjadi antara stimulus dan respon tidak penting untuk diperhatikan kerana tidak dapat diamati dan tidak dapat diukur. Yang dapat diamati adalah stimulus dan respon. Oleh sebab itu, apa yang diberikan oleh guru iaitu stimulus dan apa yang diterima oleh pelajar iaitu respon harus dapat diamati dan diukur. Teori ini mengutamakan pengukuran kerana pengukuran merupakan perkara yang penting untuk melihat terjadi atau tidak perubahan tingkah laku tersebut.

2.1 Teori Behaviorisme menurut J.B Watson

J.B Watson (1878-1958), seorang ahli psikologi di Amerika Syarikat, merupakan orang pertama mencipta istilah behaviorisme untuk menghuraikan tingkah laku manusia. Kajian banyak dipengaruhi oleh Teori Pelaziman Klasik Pavlov. Kajian beliau, yang terkenal ialah mengenai emosi kanak-kanak dengan menggunakan Model Pelaziman Klasik. Mengikut Watson, tingkah laku manusia merupakan reflex terlazim iaitu suatu gerak balas yang dipelajari melalui proses pelaziman klasik. Dengan kata lain, semua pembelajaran adalah pelaziman klasik Watson berpendapat gerakan-gerakan refleks yang mudah misalnya berkelip mata, bersin apabila hidung gatal dan sebarang tindakan yang dilakukan secara semulajadi adalah tingkah laku yang diwarisi dan tidak perlu dipelajari. Selain daripada tingkah laku, Watson pula menjalankan kajian tentang pembelajaran emosi semula jadi iaitu takut, marah, dan kasih saying. Emosi manusia atau perubahan dipelajari melalui proses pelaziman.

2.1.1 Implikasi Teori Pembelajaran J.B Watson

Menurut beliau, semua tingkah laku boleh dipelajari melalui proses pelaziman. Tingkah laku positif boleh diajarkan melalui ransangan yang sesuai. Seterusnya, untuk menguasai kemahiran menyelesaikan masalah, pelajar perlu belajar cara perhubungan gerak balas secara sistematik. Selain itu, teori ini memberi implikasi untuk mengukuhkan apa yang telah dipelajari dalam ingatan, latihan- latihan hendaklah dijalankan secara kerap. Dalam proses pengajaran,guru hendaklah menggunakan rasangan yang boleh memotivasikan murid untuk minat belajar dan mengelakkan pengunaan ransangan yang membawa kepada kesan negatif.

2.2 Teori Behaviorisme menurut Thorndike

Menurut Thorndike, belajar adalah proses interaksi antara stimulus dan respon. Stimulus adalah apa yang merangsang terjadinya aktiviti belajar seperti fikiran, perasaan, atau hal-hal lain yang dapat dikesan melalui pancaindera. Manakala, respon adalah reaksi yang muncul apabila peserta dididik ketika belajar, dan yang dapat pula adalah berupa fikiran, perasaan, gerakan atau tindakan. Jadi, perubahan tingkah laku akibat kegiatan belajar dapat dikategorikan sebagai konkrit, iaitu yang dapat diamati, atau tidak konkrit iaitu yang tidak dapat diamati. Meskipun aliran behaviorisme sangat mengutamakan pengukuran, tetapi tidak dapat menjelaskan bagaimana cara mengukur tingkah laku yang tidak dapat diamati. Teori Thorndike ini disebut pula dengan teori koneksionisme. Thorndike berjaya membentuk tiga hokum iaitu Hukum kesediaan, Hukum latihan, Hukum kesan. Hukum kesediaan merupakan keupayaan persiapan seseorang individu di dalam kendirinya untuk memulakan sesuatu aktiviti pembelajaran. Manakala hokum latihan pula menyatakan bahawa semakin byak latihan yang dijalankan semakin bertambah kukuh ikatan gerak balas yang tertentu dengan ransangan yang berkaitan. Hukum kesan menyatakan bahawa ikatan ransangan dengan gerak balas akan bertambah kukuh sekiranya individu memperolehi kesan yang memuaskan selepas gerak balasnya dihasilkan.

2.1.2 Implikasi Teori Pembelajaran Thorndike

Antara implikasi Teori Pembelajaran Thorndike ialah untuk meningkatkan tahap kesediaan belajar, guru harus menggunakan motivasi yang sesuai. Selain itu, ia juga dapat mengukuhkan pertalian antara ransangan dengan gerak balas pelajar dengan memperbanyak aktiviti latihan, ulangkaji, aplikasi serta pengukuhan dalam keadaan yang menyeronokkan. Seterusnya memberikan ganjaran atau peneguhan untuk respon antau gerak balas yang betul daripada pelajar. Memberi peluang kepada pelajar untuk menikmati kejayaan dalam pembelajaran mereka.

2.3 Teori Pembelajaran Behaviorisme Ivan Pavlov

Ivan Pavlov merupakan salah seorang daripada ahli teori Behavioris selain daripada Skinner, Thondike dan Watson. Beliau dilahirkan pada 14 September 1849 di Ryazan, Rusia Tengah. Beliau telah meninggal dunia pada 27 Februari 1936 di Leningrad Rusia ketika berusia 86 tahun. Ivan Pavlov merupakan ahli fisiologi, psikologi dan ahli fizik berbangsa Rusia. Sebagai seorang yang sangat mencintai bidang fisiologi beliau telah meminta seorang pelajar duduk di sebelah katilnya dan merekodkan perihal kematiannya. Beliau terkenal dengan orang pertama yang mendeskripsikan fonomena pelaziman klasik atau pelaziman responden. Teori pelaziman klasik adalah tentang tingkah laku pembelajaran yang telah dipelopori oleh Ivan Pavlov ( 1849-1936). Pada tahun 1980-an. Pavlov mengkaji fungsi pencernaan pada anjing dengan melakukan pemerhatian pada kelenjar air liur. Dengan cara itu, beliau dapat mengumpulkan, menyukat dan menganalisis air liur haiwan itu dan bagaimana ia dapat diberikan makanan pada keadaan yang berbeza. Beliau sedar anjing akan mengeluarkan air liur sebelum makanan sampai ke mulutnya dan mencari hubungan timbal balik antara air liur dengan aktiviti perut. Pavlov hendak melihat rangsangan luar dapat mempengaruhi proses ini. Oleh itu contoh paling awal dan terkenal bagi pelaziman klasik melibatkan pelaziman air liur pada anjing kajian Pavlov.

2.4 Teori Pembelajaran Behaviorisme B.F Skinner

Manakala menerusi B.F Skinner pula, beliau mengutarakan teori behaviorisme adalah teori. Menurut Nana Sudjana, 1990 pendekatan Skinner adalah operant conditioning, yang merupakan penerusan dan perluasan secara tepat dari hokum Thorndike. Ia mengakui adanya fenomena conditioning yang klasik dari Pavlov dalam perilaku manusia dan binatang, tetapi itu tidak dianggap terlalu penting.

2.4.1 Implikasi Teori Pembelajaran B.F Skinner

Sesuatu kemahiran atau teknik yang baru dipelajari hendaklah diberi peneguhan secara berterusan dan diikuti secara berkala supaya kemahiran atau teknik itu dapat dikukuhkan dan dikekalkan. Selain itu, penggunaan peneguhan positif yang membawa keseronokan adalah lebih berkesan daripada peneguhan negative yang membawa kesakitan. Seterusnya, prinsip penghapusan melalui proses pelaziman operan adalah sesuai digunakan untuk memodifikasikan tingkah laku pelajar yangtidak diingini, misalnya menghentikan peneguhan yang diberikan dahulu sama ada peneguhan positif atau negatif

2.5 Kelebihan teori pembelajaran behaviorisme

Kelebihan yang pertama yang kami perolehi melalui teori ini adalah teori ini sangat sesuai untuk melatih atau mendidik kanak-kanak yang masih memerlukan bantuan daripada orang dewasa di sekeliling mereka. Sebagai contoh kanak-kanak tadika memerlukan bimbingan dan perhatian yang khusus daripada orang di persekitarannya terutamanya guru-guru mereka kerana mereka mudah mengikuti apa yang diajar dan disuruh selain suka meniru perlakuan orang di sekelilingnya. Selain itu, mereka juga suka dengan bentuk-bentuk penghargaan yang diberi kepadanya seperti pujian dan melalui bentuk penghargaan tersebut ianya dapat membangkitkan semangat ingin belajar dalam diri mereka.

Kelebihan yang kedua adalah guru tidak perlu mengambil masa yang lama untuk memberi penerangan yang panjang tentang pembelajaran kepada murid-murid. Hal ini kerana murid-murid akan dibiasakan belajar dengan sendiri kecuali sekiranya murid menghadapi sesuatu masalah dan memerlukan penjelasan yang lebih daripada guru. Dalam hal ini guru perlu memberikan penerangan dengan jelas.

Selain daripada itu, teori ini juga menekankan kemahiran lisan berbanding kemahiran membaca dan menulis. Melalui aspek kemahiran lisan yang ditekankan dapat memberikan kelebihan kepada murid kerana aspek lisan iaitu mendengar dan bertutur penting dalam situasi harian murid. Boleh dikatakan bahawa kemahiran ini adalah kemahiran terkerap yang digunakan manusia untuk berkomunikasi antara satu sama lain.

2.6 Kelemahan Teori Behaviorisme

Dari segi kelemahan pula, penerapan teori behavioris yang kurang tepat dalam sesuatu situasi pembelajaran boleh mangakibatkan berlakunya proses pembelajaran yang tidak kondusif bagi murid-murid kerana pembelajaran berlaku dalam keadaan sehala dimana ianya berpusatkan kepada guru sahaja. Guru hanya mengajar dan melatih murid manakala murid hanya menerima apa yang diajar oleh guru mereka tanpa memberi sebarang maklum balas. Malah dalam teori pembelajaran ini murid berperanan sebagai pendengar dan mereka menghafal apa yang didengar dan dipandang sebagai cara belajar yang efektif. Penggunaan hukuman merupakan salah satu cara untuk guru mendisiplinkan murid dan hal ini akan mendatangkan akibat buruk kepada murid.

Kelemahan yang kedua ialah proses pembelajaran dikatakan kurang memberikan gerak balas yang bebas bagi pelajar untuk berinteraksi serta untuk mengembangkan idea. Hal ini kerana sistem pembelajaran tersebut lebih tertumpu kepada rangsangan dan gerak balas yang ditunjukkan. Sekiranya tiada rangsangan maka tindak balas tidak akan berlaku. Sebagai contoh, guru akan memberi rangsangan dalam bentuk hadiah dan daripada situ barulah murid akan memberikan jawapan yang dikehendaki oleh guru. Sekiranya perkara ini berlaku secara berterusan dikhuatiri murid akan terlalu bergantung terhadap rangsangan dari luar sedangkan murid harus memiliki rangsangan dari dalam diri mereka sendiri sebagai satu cara pembelajaran.

Kelemahan yang ketiga menurut teori ini adalah penambahan ilmu pengetahuan lebih tertumpu kepada buku teks. Hal ini kerana mereka belajar mengikut urutan kurikulum yang sangat ketat sehinggakan buku teks merupakan buku wajib dalam pembelajaran mereka malah mereka juga perlu dikehendaki memahami dan mempersembahkan kembali isi pembelajaran di dalam buku teks tersebut dengan baik. Hal ini boleh mendatangkan kesan buruk kepada pelajar kerana ilmu pengetahuan yang mereka peroleh tidak begitu berkembangan dengan hanya tertumpu kepada satu buah buku sahaja.

2.7 Implikasi teori pembelajaran behaviorisme

Yang pertama ialah guru perlu sedar bahawa kaitan antara rangsangan dan gerak balas boleh dilazimkan iaitu dipelajari. Sebagai contoh apabila guru ingin menyuruh murid-murid beratur ketika waktu rehat di kantin sekolah guru boleh mengaitkannya dengan cara untuk berjaya dalam kehidupan. Implikasi yang seterusnya ialah kaitan antara rangsangan dan gerak balasdapat dikukuhkan melalui latihan. Semakin kerap rangsangan itu dikaitkan dengan sesuatu gerak balas, semakin kukuh gerak balas terlazim itu. Sebagai contoh guru ingin murid-murid supaya tidak mengaitkan mata pelajaran matematik dengan kesukaran, dengan memberi mereka latihan- latihan yang mudah dan apabila mereka beransur mahir menyelesaikan masalah yang sukar maka guru bolehlah menukar aras pembelajaran kepada tahap yang sederhana sukar dan seterusnya ke aras pembelajaran yang sukar.

Di samping itu, dalam proses pembelajaran, generalisasi boleh berlaku. Ini bermakna perkara yang dipelajari dalam situasi A boleh dipindahkan ke situasi B. Sebagai contoh guru mata pelajaran sains mengaitkan kejadian pencemaran alam sekitar yang mengakibatkan kemusnahan alam semula jadi dengan kemusnahan alam yang berlaku seperti tsunami yang melanda Bandar Acheh.

faktor motivasi memainkan peranan yang penting bagi menghasilkan gerak balas yang diinginkan. Dalam hal ini pemberian ganjaran perlu diberi perhatian. Sebagai contoh ketika murid menjawab soalan yang diberikan oleh guru dengan betul maka guru boleh memberikan pujian kepadanya atau dengan memberikannya hadiah supaya pada waktu pembelajaran yang seterusnya pelajar tersebut akan lebih menumpukan perhatian di dalam kelas untuk memperoleh pujian yang diingini. Namun sekiranya pelajar tersebut tidak dapat menjawab soalan yang diberi maka guru perlulah membimbing pelajar tersebut supaya mereka tidak berasa terpinggir dan seterusnya dapat bersama-sama memahami tajuk pembelajaran pada ketika itu.

Selain itu juga, dalam proses pembelajaran tingkah laku yang dapat dilihat, diamati, diukur dan dikawal hendaklah diberi perhatian. Hal ini kerana melalui perubahan tingkah laku yang ditunjukkan oleh murid guru boleh mengambil sebarang tindakan sekiranya ianya di kesan lebih awal. Sebagai contoh sekiranya seseorang murid menunjukkan tingkah laku yang negatif seperti tidak faham tentang apa yang diajar oleh guru maka guru boleh membuat pemulihan terhadap dirinya. Dalam pembelajaran, penghapusan boleh berlaku jika peneguhan tidak diberikan. Ini bermakna, sekiranya sesuatu tingkahlaku tidak diperkukuhkan melalui ganjaran, tingkahlaku itu mungkin akan terhapus begitu sahaja. Konsep pemulihan serta-merta juga dapat membantu seseorang guru meningkatkan keberkesanan pembelajaran

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Research design argumentative essay help online

2.7 RESEARCH DESIGN USED :

The conception of research design plan is the critical step in the research process. The design ,of the study constitutes the blue print for the collection, measurement and analysis of data. In other words the research design is a conceptual structure with in which,h research is conducted.

2.8 DATA COLLECTION METHODS :

Primary Data: – Primary data are those data which are collected for the first time, and thus hap,pen to be original in character. It is extracted with the help of discussions co,nducted with senior managers with respect to factors affecting the performance.,

Secondary Data: – Secondary data are those data which are already collected by someone else ,and which have already passed through the statistical process. These data are g,athered by Books, Lectures, Notes, and Official Websites etc.

The study make,s extensive use of secondary data. ‘Secondary data are those which have already,y been passed through the statistical process’. The data which is pre-essential for ,this study relating to comparative analysis of Balance Sheet and PROFIT AND L,OSS A/c was based on secondary source of data. This data will be collected fro,m materials provided by Rakshitas Pvt. Ltd., discussions conducted with store m,anagers and some essential

Financial Accounts books.

2.9 LIMITATIONS :,

‘ Data provided is very limited due to the subjectivity of it being highly confidential.,

‘ The data taken for interpretation is for a limited period.

‘ Assumptions, are to be taken into consideration while doing analysis and interpretation, of data.

‘ Due to limited, information, depth analysis could not be made.

2.10 RESEARCH MEASURE TOOLS :

Various financial techniques and statistical tools are used to measure the data used in the study. Column graphs, pie chart etc. is used to highlight the statistical inference,s. The study cannot be completed without balance sheet and profit and loss a/c. ,Therefore three years balance sheet and profit & loss a/c has been taken out for ma,king proper research.

2.11 ANALYSIS OF DATA :

The data collected is secondary, and it’s compiled, classified, tabulated and then analyzed u,sing financial techniques and statistical tools. Graphs and charts are used to hig,hlight the statistics. Based on this data and analysis, inferences are drawn accor,dingly.

2.12 OVER VIEW OF THE CHAPTER :

The Project I,s Presented in the following chapter :-

CHAPTER 1 : INTRODUCTION

This chapter includes introduction to finance, theorectical back ground for the study of the ,various performance, introduction to finance, definition of retail industry and di,fferent type of industry.

CHAPTER 2 : DESIGN OF THE STUDY

This chapter I,ncludes the projects introduction of the subject background, statement of the, problem, objectives of the study, scope of the study, need and purpose of study,, research methodology, research design, data collection method primary and seco,ndary data, limitations, research measure tools and analysis of data.,

CHA,PTER 3 : PROFILE OF THE COMPANY

This c,hapter contains the profile of the company, its origin and background, board of directors, number of branches and organization structure.

CHAP,TER 4 : DATA ANALYSIS AND INTERPRETATION

This ch,apter consists of Table, Graphs, Analysis and Interpretation based on the question,nairies.

CHAPT,ER 5 : SUMMARY OF FINDINGS, CONCULSIONS AND RECOM,MENDATIONS

This chap,ter includes findings based on objectives of the study, conclusion drawn from the f,indings and recommendations given from the analysis.

Chapter:-3

PROFILE OF THE ORGANIZATION

COMPANY PROFILE

RAKSHITAS PVT.LTD.

Rakshitas business con,cept is to offer a broad and varied range of apparels that allows customers to fin,d their own personal style to choose from more than 150 remiums national and int,ernational brands.

Rakshitas is aimed at everyone in the family with an interest in modern basics, fashion, quality and affo,rdable pricing. Customers should always be able to find clothes and accessories ,at Rakshitas for every occasion. The collections are extensive and new arrivals, being launched week after week in each of the 4 floors spread across 20,000 s,q. ft. for Men, Women, Kids and Teen’s casual wear, formal wear, denim wea,r, ethnic and Kancheevaram silks etc. The range and collections are supplemen,ted by matching costume jewellery, premium international watches, perfumes, ,lingerie’s.

Mission

Our mission is to achieve excelle,nce in the products and services we offer, in the methods we employ and in the res,ult we produce.

Products

Menswear: menswear,r means clothing for men. Rakshitas provide various brands for menswear which ,includes formal shirts, casual shirts, trousers, jeans etc. of several variety of int,ernational as well as national brands, for example: -levis, pepe jeans, killer, lee, w,rangler etc.

Women’s wear: Women’s wear means ,clothing for women. Rakshitas provides the best options for women’s apparel rang,ing from skirts to ethnic, casuals as well as formals.

Kids wear: Kids wear are meant only for kids or children ranging below age of 12 years. Rakshitas provides awesome collection for kids which include children formal wear, kurtas, shirt,s etc.

Party wear: Party wear dresses are meant for wearing in parties, functions, special occasions etc. Rakshitas provides variety ranges of party wear which includes lehngas, wedding dresses, traditional indian dress etc.

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Control and organisational behaviour (pengendalian dan perilaku organisasi) global history essay help

PENGENDALIAN DAN PERILAKU ORGANISASI

PERILAKU ORGANISASI

Untuk membuat dasar yang nantinya dapat digunakan manajemen dalam menyusun system pengendalian manajemen, maka kita perlu mengetahui lebih dalam mengenai perilaku organisasi. Berikut ini adalah beberapa penjelasan mengenai teori akuntansi sebagai bentuk pemahaman terhadap organisasi.

Definisi Organisasi

Secara umum, organisasi diartikan sebagai sekumpulan orang yang melakukan kerjasama demi mencapai tujuan ‘ tujuan yang telah ditentukan bersama. Organisasi tercipta ketika orang ‘ orang bergabung dan melakukan sesuatu untuk berbagai tujuan dan organisasi dapat mencakup segala aspek dalam kehidupan. Organisasi dapat bersifat formal dan informal. Pekerjaan di dalam suatu organisasi dapat dibagi ‘ bagi dan dikoordinasi sesuai dengan kebutuhan dan keahlian tiap ‘tiap anggota organisasinya untuk mencapai tujuan organisasi tersebut. Suatu organisasi haruslah going concern, dalam arti organisasi tersebut diasumsikan akan hidup selamanya.

Teori Perilaku Organisasi (Theory of Organization Behaviour)

Ada beberapa teori yang menjelaskan mengenai mengapa dan bagaimana orang ‘ orang berperilaku dalam organisasi. Berikut ada dua penjelasan mengenai teori tersebut :

1. Teori jenjang kebutuhan

Teori ini menjelaskan bahwa setiap manusia memiliki kebutuhan yang banyak dan harus dipenuhi dan kebutuhan serta keinginan tersebut tersusun secara rapih, sehingga apabila ada satu kebutuhan terpenuhi maka setelah itu ia akan berusaha memenuhi kebutuhannnya yang lebih tinggi. Dalam teori ini tersirat bahwa system pengendalian manajemen juga didasarkan pada kebutuhan manusia yang terkoordinasi dan dilakukan sesuai dengan tujuan organisasi.

2. Teori motivasi pencapaian

Teori ini lebih mengacu pada perilaku atasan atau manajer dalam perannya saat berorganisasi. Untuk mencapai keberhasilan dan mendapat sebuah kekuasaan, maka manajer tersebut juga perlu memiliki keinginan yang kuat agar dapat menghasilkan prestasi dalam organisasi.

TEORI ORGANISASI

Pengetahuan yang dalam mengenai organisasi sangatlah diperlukan oleh para pelaku organisasi dalam pelaksanaan system pengendalian manajemen organisasi tersebut. Para pelaku organisasi harus benar ‘ benar mengetahui semua poin dalam organisasi termasuk sejarah organisasi, tujuan organisasi, bagaimana perilaku para pelakunya hingga reaksi organisasi tersebut terhadap lingkungan.

Tak berbeda dengan teori perilaku akuntansi, dalam teori organisasi juga terdapat banyak teori yang membahas mengenai organisasi. Dan disini akan dibahas mengenai dua teori juga tentang organisasi, yaitu :

1. Teori Organisasi yang Berorientasi ke Dalam

Banyak organisasi dianggap indepen dan tidak terlalu memperhatikan lingkungan luar oleh beberapa teori. Teori organisasi yang berorientasi ke dalam ini banyak dijadikan dasar oleh sebagian besar system pengendalian manajemen dalam suatu organisasi hal tersebut didasarkan karena dalam teori ini mencakup tanggung jawab dalam pengambilan keputusan yang berlaku menurut proyek ‘ proyek, program ‘ program serta komponen ‘ komponen fungsionalnya.

2. Teori Organisasi yang Berorientasi ke Luar

Teori ini adalah teori kebalikan dari teori sebelumnya yaitu teori organisasi yang berorientasi ke dalam. Teori ini beranggapan bahwa suatu organisasi selalu berhubungan dengan lingkungan di sekitarnya. Ada dua jenis organisasi yang menganut teori organisasi yang berorientasi keluar ini, yaitu :

– Organisasi system umum terbuka

– Organisasi system manajemen

TIPE ORGANISASI

Ada tiga jenis atau tipe organisasi, yaitu :

1. Organisasi Fungsional

Dalam tipe organisasi ini, penekanan lebih ditujukan kepada manajer yang sangat harus bertanggung jawab terhadap suatu fungsi tertentu, seperti fungsi produksi, fungsi pemasaran dan fungsi lainnya yang diterapkan dalam organisasi tersebut. Fungsi ‘ fungsi tersebut dapat dihimpun oleh fungsi yang lebih tinggi dalam organisasi itu juga. Organisasi ini berpotensi membuat efisiensi perusahaan yang lebih baik karena menggunakan masukan ‘ masukan dari manajerial yang lebih tinggi.

2. Organisasi Divisi

Dalam organisasi ini, semua manajer harus bertanggung jawab terhadap hamper keseluruhan fungsi dalam proses produksi serta distribusi lini pada organisasi tersebut. Orientasi organisasi divisi lebih terbuka yang berarti lebih menekankan bahwa para manajer harus peka terhadap pengaruh ‘ pengaruh yang dating dari luar yang mungkin dapat mempengaruhi kinerja organisasi.

3. Organisasi Matriks

Ada dua struktur organisasi dalam organisasi matriks, yaitu ditata berdasarkan fungsi dan ditata berdasarkan program. Pada organisasi matriks, para manajer bertanggung jawab penuh atas profitabilitas dari lini produk organisasi tersebut dimana proses produksi dilakukan oleh unit ‘ unit organisasi fungsional.

Teori Kemungkinan (Contingency Theory)

Untuk mengendalikan suatu manajemen menggunakan tiga macam pendekatan, antara lain :

1. Pendekatan tradisional

Pendekatan ini menekankan pada perencanaan, pendekatan dan pengendalian.

2. Pendekatan system

Pendekatan ini menekankan padapenggunaan sumber daya manusia sebagai pertimbangan dalam pengambilan keputusan.

3. Pendekatan perilaku

Pendekatan ini menekankan pada pengendalian manusia termasuk di dalamnya motivasi dan prediksi.

PERILAKU MANAJEMEN

Organisasi dan sistemnya yang rumit akan mempengaruhi perilaku manusia menjadi rumit pula.

Konsep Fundamental

Agar suatu organisasi ‘terkendali’ maka para anggota organisasi harus mengetahui dengan baik apa sebenarnya yang diinginkan oleh manajemen. Untuk merealisasikan hal tersebut, dapat menggunakan banyak informasi yang telah disediakan oleh manajemen organisasi seperti anggaran hingga kebijakan organisasi. Tujuan organisasi dibuat oleh para manajer senior dan dilaksanakan oleh manajer operasional untuk selanjutnya para manajer senior menerapkan system pengendalian manajemen untuk mengontrol organisasi tersebut.

Persepsi Tujuan

Para manajer operasional harus benar ‘ benar mengetahui apa tujuan organisasi. Para manajer operasional tersebut dapat secara mudah mendapatkan informasi ‘ informasi yang mereka butuhkan dari berbagai sumber baik dari dokumen maupun percakapan informal saja. System pengendalian manajemen yang efektif dapat menguatkan kepastian suatu perusahaan.

Organisasi Informal

Adanya organisasi informal di dalam organisasi formal sering menyebabkan adanya salah persepsi mengenai tindakan yang diharapkan. Hubungan pada organisasi informal tidak tercantum di dalam bagan organisasi, padahal hal tersebut cukup penting untuk pemahaman system pengendalian organisasi tersebut.

Motivasi

Reaksi pada pelaku organisasi terutama manajemen terhadap organisasi dapat berbeda tergantung pada motivasinya. Motivasi dapat bermacam ‘ macam, misalnya kenaikan gaji, promosi, pujian dan lain ‘ lain. Motivasi timbul dari dalam pribadi masing ‘ masing, tetapi motivasi dapat dipengaruhi oleh rangsangan dari lingkungan sekitarnya.

Keselarasan Tujuan (Goal Congruence)

Setiap manusia memiliki tujuan pribadi, begitu juga dengan organisasi yang juga memiliki tujuan bersama. Salah satu tugas penting system pengendalian adalah menyelaraskan kedua tujuan tersebut serta mencapainya demi mendapatkan kepuasan bersama. Semakin kuat hubungan antara tujuan pribadi dan tujuan organisasi, maka ssistem pengendalian organisasi tersebut akan semakin kuat juga.

Kerjasama dan Konflik

Suatu organisasi tidak akan berjalan dengan baik apabila para anggotanya tidak bekerjasama dengan baik secara terkoordinasi, untuk itu di dalam organisasi sangat dibutuhkan kerjasama yang terkoordinir dan selaras. Selain itu, organisasi juga harus menjaga koordinasi dan keselarasan tersebut agar tidak terjadi konflik yang dapat mengganggu kinerja organisasi. Konflik tersebut dapat terjadi karena berbagai alasan, salah satunya adalah dengan adanya persaingan didalam organisasi tersebut.

Iklim Organisasi (Organizational Climate)

Secara singkat, iklim organisasi dapat diartikan sebagai hasil kombinasi dari struktur formal dan struktur informal pada suatu organisasi. Dan menurut pemahaman saya iklim organisasi merupakan suasana di dalam organisasi dimana tiap pelaku organisasi di dalam organisasi saling membantu, saling menilai, dan memahami antara satu dengan yang lain. Iklim organisasi ikut mengambil bagian penting dalam organisasi. Keduanya saling mempengaruhi satu sama lain.

Tipe Pengendalian

Pelaku pengendalian Sumber arah pengendalian Macam ‘ macam Pengendalian

Ukuran prestasi dan tingkah laku Isyarat untuk tindak koreksi Imbalan untuk prestasi Hukuman untuk kegagalan

Organisasi formal Rencana organisasi, strategi, tanggapan atas persaingan Anggaran, biaya standar, target penjualan penyimpangan Penghargaan manajemen, insentif uang, promosi Minta penjelasan

Kelompok informal Keterikatan bersama cita’cita kelompok Norma-norma kelompok penyimpangan Pengakuan rekan, keanggotaan, kepemimpinan Ejekan, pengasingan, permusuhan

Perorangan Tujuan pribadi, aspirasi Harapan pribadi, target antara Dugaan akan kegagalan di masa yang akan dating, target tak tercapai Kepuasan karena ‘terkendali’ kegembiraan Merasa gagal

Sumber : Disarikan dari Gene W. Dalton dan Paul R. Lawrence, Motivation and Control in Organizations (Homewood, III. : Richard D. Irwin, 1971). Hak Cipta 1971 oleh Richard D. Irwin Inc.

Variasi dalam Pengendalian

Hakekat system pengendalian manajemen dibedakan menurut sifat pekerjaan, macam organisasi, lingkungan daan peran manajer. Berikut adalah tiga dimensi yang perlu diperhatikan dalam penggunaan dan pengembangan system pengendalian manajemen :

1. Besar keleluasaan manajemen

2. Besar interdependensi

3. Rentang waktu pelaksanaan

FUNGSI KONTROLER

Kontroler dapat diartikan sebagai petinggi atau pejabat yang bertanggung jawab atas apa yang telah direncanakan oleh organisasi dan bagaimana pengoperasiannya. Tanggung jawab para kontroler berbeda ‘ beda di tiap organisasi bahkan di tiap divisinya. Tanggung jawab kontroler didasarkan pada posisinya masing ‘ masing. Tanggung jawab tersebut dilaksanakan secara langsung. Selain tanggung jawab dalam perencanaan dan pengoperasian tersebut, berikut ini adalah fungsi lain dari kontroler :

a. Menyiapkan laporan kepada pihak pemerintah serta pihak ‘ pihak luar lainnya.

b. Mempersiapkan pengembalian pajak.

c. Mempersiapkan dan melakukan analisa terhadap laporan prestasi keuangan.

d. Membantu para manajer dengan cara melakukan analisa sertab menafsirkan laporan ‘ laporan tersebut.

e. Menggunakan prosedur pemeriksaan intern dan pengendalian akuntansi, memastikan validitas informasi, menetapkan usaha perlindungan yangcukup terhadap berbagai penyimpangan serta melakukan pemeriksaan operasional.

f. Melakukan pengembangan kepada orang ‘ orang yang ia pimpin serta berperan langsung dalam penambahan pengetahuan mengenai fungsi kontroler

g. Mengadakan manajemen kas, asuransi serta kegiatan ‘ kegiatan lainnya demi pengamanan kekayaan perusahaan.

Hubungan dengan Organisasi Lini

Kontroler juga memiliki hak untuk membuat kebijakan ‘ kebijakan dalam organisasi. Namun keputusan ‘ keputusan tersebut merupakan realisasi pelaksanaan kebijakan ‘ kebijakan yang telah dibuat oleh manajer lini. Dengan kata lain, terdapat keselarasan antara kedua belah pihak. Hal tersebut tentunya sangat baik untuk menjaga kelancaran jalannya organisasi tersebut.

Kontroler Divisi

Kebanyakan perusahaan atau organisasi membagi organisasinya tersebut menjadi beberapa divisi yang dikepalai oleh seorang manajer. Manajer divisi tentu juga memiliki kontroler divisi. Dalam hal ini, kontroler divisi harus patuh kepada manajer divisi dan juga kontroler perusahaan yang terkadang beda kepentingannya. Penilaian prestasi terhadap kontroler divisi dapat dilakukan dengan menilai beberapa poin, antara lain :

– Laporan akuntansi dan keuangan

– Pengetahuan mengenai operasi divisi

– Sasaran dan pelaksanaan kepatuhan terhadap kebijakan

– Kontribusi manajemen

– Pengetahuan terhadap akuntansi

– Kejujuran dan profesionalisme

– Kemauan bekerjasama

– Organisasi dan staf

– Inisiatif dan semangat

HUBUNGAN LINI-STAF

Seorang manajer divisi dapat dikatakan tidak memiliki staf maupun asisten pribadi. Manajer tersebut mendapatkan bantuan dari :

1. Tenaga yang ditugaskan untuk membantunya dari staf umum, insinyur serta petugas pembelian

2. Staf pusat yang dapat dimintai bantuan kapan saja sebanyak mungkin.

HUBUNGAN MANAJER DIVISI ‘ KONTROLER

Untuk mencapai kesuksesan organisasi dalam hubungannya dengan manajer divisi, maka organisasi perlu membina kerjasama yang baik dan solid di tiap ‘ tiap manajemen. Berikut merupakan beberapa factor yang dapat mempengaruhi hubungan baik adalah :

1. System akuntansi yang seragam dan terpusat

2. Sasaran ‘ saasaran keuangan yang telah ditetapkan sebelumnya untuk tiap ‘ tiap divisi.

(Pertumbuhan penjualan serta besar laba penjualan)

3. Pembagian laba antara kontroler dan manajer

SISTEM AKUNTANSI

Selain memiliki tanggung jawab dalam perencanaan dan pengoperasian organisasi, divisi kontroler juga memiliki kewenangan atas system akuntansi yang akan digunakan oleh organisasi tersebut termasuk di dalamnya menetapkan cara dan jenis pos ‘ pos yang harus mereka awasi. Sistem akuntansi dijadikan dasar dalam penyusunan laporan keuangan beserta analisisnya.

SASARAN ‘ SASARAN DIVISI

Seperti yang telah disebutkan pada bagian sebelumnya, perusahaan atau organisasi memiliki sasaran keuangan, yaitu pertumbuhan penjualan dan tingkat laba. Tingkat laba dalam organisasi atau perusahaan ditetapkan sebaga persentase penjualan. Berikut ini adalah beberapa factor penentu target laba penjualan :

1. Kemungkinan pematenan produk

2. Besar laba atas investasi yang diinginkan

3. Besar laba industry bersangkutan

4. Besar laba investasi bersangkutan

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Business notes: Creative problem solving melbourne essay help

1 Unit 1 – Creative problem solving

1.1 Introduction

A business leader is expected to identify problems, implement solutions and find business opportunities. To do so, they must learn to plan, analyse situations, identify and solve problems (or potential problems), make decisions, and set realistic and attainable goals for the business/unit. These are the fundamental thinking/creative requirements for leadership, and these set direction to a successful future. Without this critical competence, you will have to rely on others to do your thinking for you, or you will simply have to learn to nurture your creative thinking skills which will help you on your journey towards successful business.

Creative thinking forms part of this continuous problem solving process, and is the fundamental basis for facilitating in the development of solutions, new initiatives, products or services. In an entrepreneurial context, the end result of this process should be directly linked to a feasible opportunity in the market environment.

Quote – What lies behind us and what lies before us, are tiny matters, compared to what lies within us. – William Morrow

The creative problem solving process consists of the following four steps:

‘ Problem analysis

‘ Solution analysis

‘ Decision analysis

‘ Solution implementation

1.2 The process

The creative problem solving process consists of an important core process, namely the idea generation process see figure 1. This is an important step, especially if you need to come up with creative ideas for products, services, and processes, to solve a consumer problem. The idea generation process consists of the following four steps:

‘ Step 1 – Generating ideas

‘ Step 2 – Developing ideas into a concept

‘ Step 3 – Converting a concept into a tangible or intangible product

‘ Step 4 – Finally protecting the tangible or intangible product

Figure 1 – The process of creative thinking (idea generation)

Initially you need to understand the problem and find the root cause of the problem. Many techniques are available to find the causes of problems, you can use the 5 Why technique in this case, if you are familiar with it. The more advanced courses will describe how to use the major problem identification techniques, but this course will focus on the idea generation process.

1.3 Where to start

In the entrepreneurial phase, the best way to start the idea generation process is when you are required to come up with a new product or service, to identify a potential consumer problem. Initially, focus on identifying problems in the area of your expertise (your knowledge base).

If you have no knowledge of the problem, the product development stage could be a challenge for you.

You will learn in the next section that not all problems are opportunities, and entrepreneurs should be careful as to how they approach this stage, when generating ideas in trying to identify a new product or service.

1.4 Problem versus opportunity

In most cases, the idea-generation phase in the creative problem solving process is neglected. Individuals normally identify a problem or an opportunity (which may seem like an opportunity, but is actually just an idea), and then develop a new product in line with the new assumed idea or opportunity. It is therefore important to distinguish between an idea and an opportunity. Resources may be wasted if a mere idea is incorrectly perceived as an opportunity.

Any opportunity is initially problem based (e.g. a coffee shop in a destination where there is a lack thereof, this creates several problem situations and potentially feasible opportunities for the entrepreneur). The creative thinking (idea generation process) involved, is the means to solving these problems, and bring forth solutions to the market problems, which create further opportunities.

1.4.1 Difference between problem and opportunity

There is, however, a critical difference between a problem and opportunity. Consider the following:

‘ Is it an idea or an opportunity to develop a high speed train between two major cities which are not far from each other? Some may say it is a great idea, but when you need to pay R200 a day to make use of it, it is simply not an opportunity. Only a few people would make use of the service, resulting in a negative impact on the market.

‘ If it is possible to transport people between the two cities for a lower cost, say R10, it would possibly be a more feasible opportunity.

Here is a good example of an opportunity – Around the turn of the twentieth century, a shoe manufacturer sent a representative to Africa, to open up a market in the undeveloped area in that continent. After exploring the culture for a month, the rep sent a telegram to the home office shouting,

‘Disaster! Disaster! These people do not wear shoes. Bring me home immediately!’

A short time later, another shoe company sent their agent to Africa for the same purpose. A month later his home office also received a telegram:

‘Opportunity! Opportunity! These people do not wear shoes! Triple production immediately!’

Quote – Every situation contains the potential for disastrous problems or unprecedented success. The event is what we perceive it to be. Unknown

Now the question arises: How do I distinguish between an idea and an opportunity? Looking at above examples, every problem is not an opportunity, and it really depends at how you are looking at the problem. If you see a viable opportunity in a problem then you are looking at the problem with a different perception than most people (the glass is half full or half empty). From a business perspective all opportunities are not necessarily a viable opportunity, the market determines the available opportunities. Without the knowledge to interpret the market conditions, you could miss it totally in terms of your opportunity analysis.

Table 1 shows the different industries in South Africa, the level of entrepreneurial activity, and how the same opportunity differs in each of these market areas.

1.4.2 The global entrepreneurship monitor

The Global Entrepreneurship Monitor ‘ specifically identified the entrepreneurial activity in the various industries of South Africa. It can be generalized to state that an industry with a high level of entrepreneurial activity, gives away more business opportunities (e.g. manufacturing, retail, hotel, restaurant and business services), while one with a lower level will indicate far less opportunities (e.g. agriculture, forestry, hunting, fishing, finance, insurance, real estate and health, education and social services).

If we analyse just one ‘high-opportunity’ industry, for instance manufacturing, it may be an opportunity today to manufacture a final product, and export it to an international market. A ‘low-opportunity’ industry, for instance insurance (especially in the market entry phase), may be negative as having an extremely high crime rate and insurance companies have to pay out claims at an alarming rate. It is also evident that low-opportunity industries may create feasible opportunities.

An entrepreneur should therefore be wary of following a fad, (latest trend) and exploiting assumed opportunities in a ‘popular’ industry.

Percentage of Entrepreneurs

ISIC Category Start-ups New Firms Total

Agriculture, forestry, hunting, fishing 1,3 2,6 1,6

Mining, construction 9,7 5,0 4,1

Manufacturing 14,3 19,1 13,8

Transport, communications, utilities 9,8 0,7 8,0

Wholesale, motor vehicle sales, repairs 6,0 6,5 6,3

Retail, hotel, restaurant 40,8 47,7 43,5

Finance, insurance, real estate 0,3 5,2 1,4

Business services 10,1 7,9 9,4

Health, education, social services 2,6 0,7 2,3

Consumer services 11,0 3,5 9,7

Source: Driver. Wood, Segal & Herrington, 2001

Table 1 – The percentage of entrepreneurs in the different industries in South-Africa

1.4.3 What is an opportunity?

What exactly is an opportunity and how does an entrepreneur exploit a feasible opportunity? According to Hesrich & Peters (2002), an opportunity is the process whereby the entrepreneur assesses whether a certain product, service or process, will yield the necessary earnings based on the resource inputs that are required to manufacture and market it.

The nature of opportunities needs to be assessed – thus, what leads to the existence of an opportunity? The following factors may result in an opportunity:

‘ General and specific problems faced by consumers

‘ Market shifts

‘ Government regulations

‘ Competition

There are two equally important criteria in the assessment of an opportunity. Firstly, the size of the market – will the number of customers reward the input and energy required, to create and deliver the product?

Secondly, the length in terms of the frame of the opportunity (window of opportunity). For example, is the demand for this product only a short fashionable phenomenon or is it based on sustainable business, or how long will it take before someone else (a competitor), to grab the opportunity?

These two aspects should also link directly to the personal skills and competence of the entrepreneur. For example, entrepreneurs with no skills or interest in information technology will not necessarily achieve their personal goals. They should rather venture into an opportunity which suits their experience and personality.

1.4.4 Transform opportunity into a business

Table 2 shows how the development of a business plan links to the identification and evaluation of opportunities, the determination of the resources required and the eventual management of the enterprise. All of these factors play a significant role in the correct assessment of the business opportunity.

This means that the business plan must explain in sufficient detail how the business will exploit the situation, to transform the opportunity, into solving a problem for the consumer, which generates extraordinary profits for the people involved.

Identify and evaluate the opportunity Develop the business plan Determine the resources needed Manage the enterprise

Creation and length of opportunity

Real and perceived value of opportunity

Risk and returns of opportunity

Opportunity versus skills and goals

Competitive situation Title page

Table of contents

Executive summary

Description of business

Description of industry

Marketing plan

Financial plan

Production plan

Organisational plan

Operational plan

Summary

Appendices Existing resources of the entrepreneur

Resource gap and available supplies

Access to needed resources Management style

Key variables for success

Identification of problems and potential problems

Implementation of control systems

Source: Hisrich, R.D. & Peters, M.P. 2002: 40. Entrepreneurship. Boston: Irwin/McGraw-Hill.

Table 2 – Link between Opportunity and business plan

1.5 Instruction

Exit and resume to your current page.

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The importance of employee engagement in an organization history essay help

1.4 Literature Review

Mark Kilsby and Stephen Beyer (1996) ‘ Engagement and Interaction : A comparison between supported employment and acts’. This research study was conducted with the help of interaction and commitment patterns of 13 supported employees and 38 regular adult training center attainders of the organization. Direct observation was used as method of data collection, within the 13 employment sites and a representative sample of ATC organized activities. Because of the higher level of task specific dialogue between individuals and the service of the organization it is found that there is more of social interaction in ACT. Interaction of employees with public within office hours was the cause for this as per the study conducted.

Douglas R. May, Richard L, Gilson and Lynn M . Harter (2004) ‘The Psychological Conditions Of Meaningfulness ,Safety And Availability And The Engagement Of The Human Spirit At Work’. This shows the study about a U.S western company which explored the determinants and mediated the effects of tree psychological conditions they are meaningful, safe and available. The above studies shoes that all the three factors (meaningfulness, safety and availability) have a positive relation with the engagement of an employee in the organization. In other words they are completely associated with the psychological safety where as loyalty to co worker norms and self- consciousness are negatively related.

Despoina Xanthopaolou, Arnold B, Bakker, Evangelia Demerouti and Wilmar B.Schaufeli (2009) ‘Work Engagement And Financial Returns : A Diary Study On The Role Of The Job And Personal Resources’. The above study shows that how daily fluctuations in job can affect the level of personal resource , financial returns and work engagement. Different level of analysis revealed that day level job resources had an effect on work engagement through the day level personal resources. When there was a control for the general level of personal resources and organizational engagement Day level work engagement showed a positive way towards day level training, which in turn showed the financial returns.

Dan-Shang Wang and Chia ‘Chun Hsieh (2013) ‘The Effect Of Authentic Leadership On Employee Trust And Employee Engagement’ they have examined the genuine leadership on employee engagement through employee trust. They have collected data from 386 employees from top 1000 manufacturing companies and top 500 service companies in Taiwan. Hierarchical multiple regression was used to test the hypothesis on the employees. Later on the results shows that the consistency between the supervisors , words and actions as well as their moral perceptions are optimistically related to employee engagement , when only supervisors are consist between the words and actions in positively related employment trust. The study shows how employee engagement had a positive trust on employee. Employee trust has a partial link between authentic leadership and employee engagement.

Benjamin J.C, Yuan and Michael B.H. Lin (2012) ‘Transforming Employee Engagement Into Long-Term Customer Relationships: Evidence From Information Technology Salespeople In Taiwan’. This article shows that when information sales people in Taiwan have perceived more transformational leadership and they were more expected to show increased development in work engagement. Over a period of time it was found that increased development in work engagement influenced the increased customer relationship. It showed how employee engagement is indirectly co related with customer relationship.

Xander M.Bezuijen, Karen Van Dam, Peter T . Van Den Berg and Henk Thierry (2010) ‘How Leaders Stimulate Employee Learning : A Leader ‘ Member Exchange Approach’. This study investigated how the three factors as such as leader member exchange, goal setting, and feedback are related to employee engagement in the learning activities. Here, two different mechanisms were proposed , first one a mediating mechanism telling that leader member exchange shows specific leader behavior. The second one is it as a moderating mechanism , holding that leader member exchange will strengthen the effect of leader behavior from 7 organizations a sample of 1112 employees was taken , to measure the leader member exchange approach. 233 of the direct leaders answered that they find difficulty in rating employee engagement in learning activities.

Maureen F.Dollard and Arnold B. Bakker (2010) ‘Psychosocial Safety Climate As A Precursor To Conducive Work Environment , Psychological Health Problems , And Employee Engagement’. This article shows the gap between work psychology and psychosocial working condition. Where we construct a psychosocial working condition PSC. It explains how PSC influences the senior management in psychological working conditions and in psychological health and engagement. They use the job demand and resources as a frame work and uses a multi level thinking into their explanation

James R.Jones (2009) ‘Comparative Effects On Race/Ethnicity And Employee Engagement On Withdrawal Behavior’. This study have added knowledge on the basis of effects on employee attachment. In addition to that it provides more evidence on looking at all types of employees as a single entity which can lead to false results.

Shane Crabb ( 2011) ‘The Use Of Coaching Principles To Foster Employee Engagement’. The above article focuses on the human condition that leads to the happiness of fulfillment and flourishing of employee engagement. Where positive psychology results in so many questions from traditional psychological approaches .Which have mean to focus on a different model of human functioning with healing people fail. In another way positive psychology takes additional holistic approach to human life. Seeing the positive and negative aspects of context when establishing what is right , working and good of people.

Roberta A . Neault and Deidre A .Pickerel (2011) ‘Career Engagement : Bridging Career Counseling And Employee engagement’ . this article is showing that employee counselors helps individuals in maximizing their career engagement at any career stage of an individual. When you facilitate career engagement it contributes to employee engagement which employee are looking for. They even encourages others to use the career engagement and employee engagement models as vehicles to combine the employers to interest in engagement counselors to create interest in supporting the development of employee an motivate them to work.

2.1 Title: A Cross Sectional Study Of Employee Engagement In Apollo Hospitals.

2.2 Objectives:

1. To determine the level of Employee Engagement in Apollo Hospitals.

2. To identify the factors of Employee Engagement.

3. To analyze and suggest strategies for improvement.

2.3 Research Methodology:

I had adopted descriptive research design for the purpose of this

Survey on employee engagement. The primary data was collected from the 100 employees conveniently selected from Apollo Hospitals Bangalore, through structured questionnaire.

2.4 Limitations:

1) The survey was carried out for a sample sized of 100 working staff only.

2) Findings and suggestion of this research are applicable only to Apollo Hospitals.

3) As an fact finding study advanced statistical tools or analysis are not used.

Table 1.1 Weighted Average on Opportunities for growth

X 1 2 3 4 5

I have adequate opportunities for professional growth in this organization. (X1) 10 20 32 19 19

I receive the training I need to do my job well.(X2) 2 52 22 16 08

My manager is actively interested in my professional development and advancement.(X3) 32 21 12 18 17

My manager encourages and supports my development (X4) 08 10 40 18 24

I am encouraged to learn from my mistakes (X5) 52 23 16 04 05

My work is challenging, stimulating, and rewarding(X6) 28 14 33 16 09

X1 ?? XI X2 ?? X2 X3 ?? X3 X4 ?? X4 X5 ?? X5 X6 ?? X6

10 50 2 10 32 160 08 40 52 260 28 140

20 80 52 208 21 84 10 40 23 92 14 56

32 96 22 66 12 36 40 120 16 48 33 99

19 38 16 32 18 36 18 36 04 08 16 32

19 19 08 08 17 17 24 24 05 05 09 09

TOTAL 283 TOTAL 324 TOTAL 333 TOTAL 260 TOTAL 413 TOTAL 336

Table 1.2 Calculation Of Weighted Average on Opportunities for growth

283/100 2.83 324/100 3.24 333/100 3.33 260/100 2.60 413/100 4.13 336/100 3.36

RANKED 6 RANKED 4 RANKED 3 RANKED 5 RANKED 1 RANKED 2

Table 1.3 Showing The Rank Of Each Component of Opportunities for growth

INFERENCE

The above table shows that the employees are encouraged to learn from their mistakes that is 4.15 out of 5.the work is stimulating rewarding and challenging is ranked 2nd.the manager is actively interested in employees professional growth is

ranked 3rd.the level of opportunity for professional growth shows the least ranking.

Table 1.4: Showing Adequate Opportunities/ Professional growth

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

10 20 32 19 19 100

Chart 1.1: Showing Adequate Opportunities/ Professional growth

Interpretation:

32% of the employees from the given population says that they have a neutral opportunity to grow where as 10 % stands in the outstanding category and 20% of them in good category. An equal no of employees disagree to the fact in the other hand that is 19% of the given population.

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

2 52 22 16 8 100

Table 1.5: Showing Training

Chart 1.2: Showing Training

Interpretation:

In the given sample 52% of the employees agrees to the fact that they receive good training in order to do their job efficiently and 2% strongly agrees. where 22 % is neutral to the situation given.16 % of them do not get proper training they required to do their jobs and 8 % strongly disagree to it. It is clear that the organization is giving a proper training to employees to make their work effective.

Table 1.6: Showing Professional Development And Advancement

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

32 21 12 18 17 100

Chart 1.3: Showing Professional Development And Advancement

Interpretation:

Most of the employees agree that their manager takes attention in their professional development steps. 32 % to 25 of the employees from the given sample have strongly agreed and agreed to it respectively. whereas 12 % is neutral to it . but 18% to 17% disagrees and says that they are not taken care in respective of their advancement in profession.

Table 1.7: Showing Encouragement And Support

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

8 10 40 18 24 100

Chart 1.4: Showing Encouragement And Support

Interpretation:

From the above graph its clear that 40% of the employees neither agree or disagree that management encourage them or support them. 8% to 10% agrees that they have been supported by the management . but 18 % to 24 % disagree to the fact that management supports them .

Table 1.8: Showing Challenges, Stimulation And Reward

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

52 23 16 4 5 100

Chart 1.5: Showing Challenges, Stimulation And Reward

Interpretation:

More than half , 52% of the employees states that they have a challenging stimulating and rewarding work. A very few of them disagree to it 4 % to 5% . and 23 % of them agrees t it there is a majority of people agreeing to it.

Table 1.9: Showing Encouragement

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

28 14 33 16 9 100

Chart 1.6: Showing Encouragement

Interpretation:

There is a 28% of people agreeing to it. And 16 % to 9 % disagreeing to the fact that they are not encouraged to learn from their mistakes .

Table 1.10: Showing Weighted Average on Work/Life Balance; Stress and Work Pace

X 1 2 3 4 5

My manager understands the benefits of maintaining a balance between work and personal life. (X1) 02 13 08 48 29

My job does not cause unreasonable amounts of stress in my life. (X2) 30 13 08 48 29

The amount of work I am asked to do is reasonable. (X3) 40 20 12 14 14

I am able to satisfy both my job and family/personal responsibilities. (X4) 27 12 08 09 44

X1 ?? X1 X2 ?? X2 X3 ?? X3 X4 ?? X4

02 10 30 150 40 200 27 135

13 52 13 52 20 80 12 48

08 24 08 24 12 48 08 24

48 96 48 96 14 28 09 18

29 29 29 29 14 14 44 44

TOTAL 211 TOTAL 351 TOTAL 370 TOTAL 269

Table 1.11: Showing Calculation Of Weighted Average on Work/Life Balance; Stress and Work Pace

Table 1.12: Showing The Rank Of Each Component of Work/Life Balance; Stress And Work Pace

211/100 2.11 351/100 3.51 370/100 3.7 269/100 2.69

RANKED 4 RANKED 1 RANKED 2 RANKED 3

INFERRENCE

By analysing the given data using weighted average method that the level of stress reduced in the employees is 3.51 out of 4 , and the amount of work the employee is asked to do is 3.7. the employee is able to balance between family and personal responsibility is 2.69 . the managers understanding in the benefits and maintaining balance between work and personal life should be taken care because it is got only 2.11 which have least rank

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

2 13 8 48 29 100

Table 1.13: Showing Work/Life Balance; Stress And Work Pace Balance Between Work And Personal Life

Chart 1.7: Showing Work/Life Balance; Stress And Work Pace Balance Between Work And Personal Life

Interpretation:

Only 2% of the employees says that there is a balance between work life and personal life. 13% of them agrees to it and 8% is neutral to it.but 48% of the sample disagrees and 29 % of them strongly disagrees to it.

Table 1.14: Showing Stress Level In Employees Life

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

30 13 8 48 29 100

Chart 1.8: Showing Stress Level In Employees Life

Interpretation:

30% of the employees strongly agrees that the job doesn’t cause much stress where 13% of them agrees and 8% is neutral to it. But 48%of them disagree nd 29% strongly disagrees and states that job causes stress in their life.

Table 1.15: Showing Amount Of Work Asked To Do

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

40 20 12 14 14 100

Chart 1.9: Showing Amount Of Work Asked To Do

Interpretation:

40% of them strongly agrees that they have sufficient amount of work and they do not feel any stress where 20 % of them agrees. 12% of the sample is neutral.14% of them disagrees they don’t have suffient amount of work or they are overloaded with the work given.

Table 1.16: Showing Satisfying Family / Personal Responsibilities

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

40 20 12 14 14 100

Chart 1.10: Showing Satisfying Family / Personal Responsibilities

Interpretation:

44% of them strongly disagree that they are not able to complete their job, family and personal responsibilities. 27 % to 12 % agrees to it and 8% is neutral to that. It shows that employees are not satisfied with the amount of work given to them.

Table 1.17: Showing Weighted Average on Personal Expression / Diversity

X 1 2 3 4 5

My ideas and opinions count at work. (X1) 03 18 19 32 28

I am comfortable sharing my opinions at work. (X2) 10 08 28 42 12

We work to attract, develop, and retain people with diverse backgrounds. (X3) 10 13 09 56 12

Senior management is genuinely interested in employee opinions and ideas. (X4) 24 23 36 07 10

People with different ideas are valued in this organization. (X5) 20 18 40 13 09

Table 1.18: Calculation Of Weighted Average on Personal Expression / Diversity

X1 ?? X1 X2 ?? X2 X3 ?? X3 X4 ?? X4 X5 ?? X5

3 15 10 50 10 50 24 120 20 100

18 72 08 32 13 52 23 92 18 72

19 57 28 84 09 27 36 108 40 120

32 64 42 84 56 112 07 14 13 26

28 26 12 12 12 12 10 10 09 09

TOTAL 234 TOTAL 262 TOTAL 253 TOTAL 344 TOTAL 327

234/100 2.34 262/100 2.62 253/100 2.53 344/100 3.44 327/100 3.27

RANKED 5 RANKED 3 RANKED 4 RANKED 1 RANKED 2

Table 1.19: Showing The Rank Of Each Component of Personal Expression / Diversity

INFERRENCE

By analysing the above table it shows that senior management is interested in personal opinions which shows the rank 1. And people with different ideas are valued in the organisation are considered 3.27 out of 5. Employees are free to share their ideas 2.62. the employees work in such a manner to attract and retain others 2.53 ,which has got the 4th rank. Ideas counted at work has got the least rank where they have to work on that part.

Table 1.20: Showing Idea And Opinion Count

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

3 18 19 32 28 100

Chart 1.11: : Showing Idea And Opinion Count

Interpretation:

Only 3% of the employees agree that the management listens to their ideas and opinions. 18% of them agree to it as well. 19 % is neutral to the situation. Whereas there is a huge no of the sample size that is32% to 28% who is disagreeing to it. Their opinions and ideas are not taken seriously by the management.

Table 1.21: Showing Level Comfort in Sharing Opinions

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

10 8 28 42 12 100

Chart 1.12 : Showing Level Comfort in Sharing Opinions

Interpretation:

The conducted shows that onl10% to 8% employees are comfortable in sharing their problems with the upper management. Rest of the sample that is 42% is disagreeing that they are not comfortable in sharing their ideas or problems.12% of them strongly disagrees.

Table 1.22: Showing The Work They Do Is To Attract , Develop And Retain

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

10 13 9 56 12 100

Chart 1.13: Showing The Work They Do Is To Attract , Develop And Retain

Interpretation:

56% of the employees disagrees that they don’t work to attract ,develop or retain customers. Where 10% to 13% agrees to the statement . a little sample size of 12% strongly disagrees to the statement .

Table 1.23: Showing Senior Management Interest In Employee Opinion And Ideas

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

24 23 26 7 10 100

Chart 1.14: Showing Senior Management Interest In Employee Opinion And Ideas

Interpretation

The management shows interest in taking employees ideas and opinions.24% of them agrees and 23% of the strongly agrees to the statement. A huge sample ,36% id neutral to the statement. But a little sample, 7% to 10% disagrees to the statement.

Table 1.24: Showing People With Different Ideas Are Valued

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

20 18 40 13 9 100

Chart 1.15: Showing People With Different Ideas Are Valued

Interpretation:

20% to 18% of the employees agree that people with different ideas are well accepted in the organization. 40% to the employees are neutral to the statement. 13 % to 9% of the sample disagrees to the statement on the other hand.

Table 1.25: Showing Weighted Average On Compensation

X 1 2 3 4 5

I am paid fairly for the work I do. (X1) 19 42 12 25 2

My salary is competitive with similar jobs I might find elsewhere.(X2) 32 12 28 23 5

My benefits are comparable to those offered by other organizations.(X3) 8 29 28 32 3

I understand my benefit plan. (X4) 42 15 19 9 15

I am satisfied with my benefit package. (X5) 58 12 11 6 13

Table 1.26: Calculation Of Weighted Average On Compensation

X1 vX1 X2 ?? X2 X3 ?? X3 X4 ?? X4 X5 ?? X5

19 95 32 160 08 40 42 210 58 290

42 168 12 48 29 116 15 60 12 48

12 36 28 84 28 84 19 57 11 33

25 50 23 46 32 64 09 18 06 12

02 02 05 05 03 03 15 15 13 13

TOTAL 351 TOTAL 343 TOTAL 307 TOTAL 360 TOTAL 396

Table 1.27: Showing The Rank Of Each Component Of Compensation

351/100 3.51 343/100 3.43 307/100 3.07 360/100 3.60 396/100 3.96

RANKED 3 RANKED 4 RANKED 5 RANKED 2 RANKED 1

INFERENCES

The above table shows that the employees are satisfied with the benefit package they are given 3.96 out of 5.the employees understand their plan is 3.60. the fair pay is ranked 3rd.the employees salary is competitive with others is ranked 4th. The salary is not comparable with salary with others which has been ranked the least, rank 5.

Table 1.28: showing Fair Pay

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

19 42 12 25 2 100

Chart 1.16: Showing Fair Pay

Interpretation:

19% to 42% of the Employees agree that they are paid fairly according to the amount of work they do. But 25% to 2% of the sample size disagrees to the statement. And 12% is neutral to it.

Table 1.29: Showing Salary Competitiveness

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

32 12 28 23 5 100

Chart 1.17: Showing Salary Competitiveness

Interpretation:

32% of the employees agrees that they get a competitive salary when compared to other organizations with same designation. 12% of them strongly agrees to it .28% of them are neutral to the statement. 23% to 5% is disagrees to the statement in the other hand.

Table 1.30: Showing Comparability Of Benefits

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

8 29 28 32 3 100

Chart 1.18: Showing Comparability Of Benefits

Interpretation:

There is balance, 29% of the employees agrees and 32 % of them strongly disagrees that they have a comparable benefits.28% of them are neutral in the other hand.

Table 1.31: Showing Understanding Of Benefit Plan

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

42 15 19 9 15 100

Chart 1.19: Showing Understanding Of Benefit Plan

Interpretation:

42% of the employees agrees that they understand their benefit plan. 15% strongly agrees ,where 19% is neutral.9% to 15% disagrees to the fact and says they don’t understand the benefit plans they are given.

Table 1.32: Showing Satisfaction With Benefit Package

STRONGLY AGREED AGREED NEUTRAL DISAGREE STRONGLY DISAGREE TOTAL

58 12 11 6 13 100

Chart 1.20: Showing Satisfaction With Benefit Package

Interpretation:

58% of them are satisfied with their benefit package. 12% strongly agrees. Whereas little sample of 6% to 13% disagrees to the statement. Or they are not happy with their benefit package.11% is neutral to it.

Summary of Findings

‘ Most of the employee’s ability state the opinion firmly and positively is better than acceptable standards.

‘ Majority of the employee’s ability in exercising the professional duties without assistance is better than acceptable standard.

‘ The Emotional Stamina of the majority of the employees is better than acceptable standard.

‘ Majority of the Employee’s Ability to work co-operatively and collaboratively to achieve common goal is better than acceptable.

‘ Majority of the employees Ability to effectively guide a group through an appropriate process to help to achieve their desired outcomes is better than acceptable standard.

‘ Majority of the employee’s ability to clarify and establish with a group roles and responsibilities, common goal and plan to achieve them and group behavioural is outstanding.

‘ Majority of the employees Ability to deal with multiple issues and details, alertness and learning capacity is better than acceptable standard.

‘ Majority of the employee’s ability to see and think beyond the obvious and formulate original solution is better than acceptable standards.

‘ Majority of the employee’s ability to present ideas, concept, plan and procedure clearly to the target group is better than acceptable standard.

‘ Concern for excellence of the majority of the employee’s is better than acceptable standard.

‘ Majority of the employee’s Aware of what is going on in the workplace and responds in a suitable manner to situations as they is better than acceptable.

‘ The understanding between the top level and employees are in good terms.

‘ Employees do understand their benefits and opportunities given by the organisation.

‘ The employees are paid fairly according to the work done.

‘ Freedom of sharing new ideas and opinions are welcomed in the organisation.

‘ The employees are able to make a balance between personnel and work life. which reduces the amount of stress in them.

‘ The organisation encourages the employee to learn from their mistakes.

‘ Recommendations

‘ In this organization employee engagement study must be regularly done in order to check the level of employee effectiveness.

‘ Since many of the employees are performing different jobs to what they were doing at the time of their joining they need training to perform the new work allotted them.

‘ Different sources of employee engagement tactics must be encouraged in employees.

‘ The top management should support the lower level employees since it is considered a major hurdle in effective employee engagement and the employees must also be made aware of importance of engagement at work system

‘ The employees should be then and there motivated for work.

‘ The understanding between management and employees should be increased.

‘ Level of stress in work should be reduced.

‘ Better benefit package should be given to the employees.

Conclusion

In the report we have discussed the importance of employee engagement in an organization and how it affects the efficiency of work and productivity. Employment counselors should help individuals to maximize their career engagement at any stage of their career. Basically employee engagement should be a buzz word for the employee engagement and a positive attitude held by the employees towards the organization. Employee engagement is gaining its importance and popularity in work places and its impact in many ways. It emphasis on the importance of employee engagement in a organization, an organization should thus give more importance for its employees than any other variable as they are the powerful contributors to a company’s competitiveness. Thus it shows that employee engagement should be a continues process for learning, improvement, measurement and action of an employee.

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The limitations of the Chit Acts free essay help

1.1 BACKGROUND OF THE STUDY

The financial system assumes strategically a very important role in channelling the funds from surplus units to deficit units. The financial system here refers to the group of institutions, markets and instruments which helps in formation of capital and thus accelerates to the pace of economic development.

The base of this study stems from the fact that there exists a gap between gross capital formation and gross domestic savings in India. So, there exists the need to augment the growth rate of voluntary domestic savings. This goal can be realized by widening and strengthening the working of different financial intermediaries which will result in mobilizing savings from various income level categories. .It is in this context that the role of the Non-Banking Financial Intermediaries like Chit Finance should be appreciated in supplementing the functions of the Banking Institutions.

Chit funds are Chit funds are the Indian equivalent of the Rotating Savings and Credit Associations (ROSCA). ROSCAs are famous in many parts of the world and is seen as an instrument to ‘save and borrow’ simultaneously. ROSCAs basically started as a way to help in fulfilling the needs of the low-income households as it enables the people to convert their small savings into lump sums. The concept of chit funds originated more than 1000 years ago. Initially it was in the form of an informal association of traders and households within communities, wherein the members contributed some money in return for an accumulated sum at the end of the tenure. Participation in Chit funds was mainly for the purpose of purchasing some property or, in other words, for ‘consumption’ purposes. However, in recent times, there have been tremendous alterations in the constitution and functioning of Chit funds. A significant difference between Chit Funds and ROSCAs are that in most places ROSCAs are user-owned and organized informally, but chit funds have been formally institutionalized in India. (Chit Funds-An innovative access to finance for low income households, 2009)

1.1.1 WHAT DO WE MEAN BY CHIT FUNDS?

Chit fund is a savings-cum-borrowing instrument. The basic aim of this instrument is to pool small amount of savings by all the members which is then managed by a foreman. The foreman has the responsibility to act as a trustee-cum-supervisors for the process of collection and allotment of the pooled amount.

Chit funds represent a traditional form of saving-cum-credit institution evolved before the bank system was introduced in rural India. There are many who avail themselves of this avenue for saving for a reasonable return.

1.1 NEED AND RATIONALE OF THE STUDY

Despite the growth of a wide range of savings avenues and the widespread network of banks and other financial institutions, it has been found that Chit scheme still forms an important part in the asset portfolio of many households and firms in India and especially in South India including Karnataka. Also, the review of literature shows that there are only a few studies on Chit Finance. Therefore, the need to conduct the study stems from the requirement to understand Chit Funds in Bangalore.

1.2 NEED TO CONDUCT THE STUDY

The research titled ‘A Study on Chit Funds in Bangalore to understand the behaviour and financial needs of the chit fund members as well as to identify the important predictors of regular participation in chit funds’ The study estimates the net returns and interest rate on Chit funds. This study tries to point out the limitations of the Chit Acts and suggests feasible recommendations for improving the working of such institutions.

.3.2 STATEMENT OF THE PROBLEM

‘A Study on Chit Funds in Bangalore to understand the behaviour and financial needs of the chit fund members as well as to identify the important predictors of regular participation in chit funds’.

VARIABLES UNDER INVESTIGATION

1. Age

2. Occupation

3. Monthly income

4. Gender

5. Bank loan

6. Regular participation in chit fund

7. Membership in multiple chit schemes

8. Cause for participating in multiple schemes

9. Preferred avenue of saving

10. Preferred source of finance

11. Safety

12. Better service

13. Flexibility

14. Timely Payment

15. Low commission

16. Personal contact

17. Unregistered chit funds membership

18. Cause for participating in unregistered chit funds

19. Cause for not participating in unregistered chit fund

3.5 OBJECTIVES OF THE STUDY

3.5.1 OBJECTIVE(PRIMARY)

1. To understand the behaviour and financial needs of the chit fund members.

2. To identify the important predictors behind chit fund participation

3.5.2 OHER OBJECTIVES OF RESEARCH

1. To estimate interest rates in registered chit funds.

2. To compare the relative ratings of Chit subscribers towards registered and unregistered chit funds on

3. To estimate the return on Chit Funds.

3.6 HYPOTHESIS

There are two types of statistical hypotheses.

1. Null hypothesis

2. Alternative hypothesis.

Hypothesis 1:

H0: There is no significant relation between gender and cause for participation in chit fund.

H1: There is significant relation between gender and cause for participation in chit fund.

Hypothesis 2:

H0: There is no significant relation between occupation and cause for participation in chit fund.

H1: There is significant relation between occupation and cause for participation in chit fund.

Hypothesis 3:

H0: There is no significant relation between age and causes for participation in chit fund

H1: There is significant relation between age and cause for participation in chit fund

Hypothesis 4:

H0: There is no significant relation between monthly income and cause for participation in chit fund

H1: There is significant relation between monthly income and cause for participation in chit fund

Hypothesis 5:

H0: There is no significant relation between gender and causes for bidding in chit fund

H1: There is significant relation between gender and cause for bidding in chit fund

Hypothesis 6:

H0: There is no significant relation between occupation and cause for bidding in chit fund

H1: There is significant relation between occupation and cause for bidding in chit fund

Hypothesis 7:

H0: There is no significant relation between age and cause for bidding in chit fund

H1: There is significant relation between age and cause for bidding in chit fund

Hypothesis 8:

H0: There is no significant relation between monthly income and cause for bidding in chit fund

H1: There is significant relation between monthly income and cause for bidding in chit fund

Hypothesis 9:

H0: There is no significant relation between gender and cause for saving in chit fund

H1: There is significant relation between gender and cause for saving in chit fund

Hypothesis 10:

H0: There is no significant relation between occupation and cause for saving in chit fund.

H1: There is significant relation between occupation and cause for saving in chit fund.

Hypothesis 11:

H0: There is no significant relation between age and cause for saving in chit fund

H1: There is significant relation between age and cause for saving in chit fund

Hypothesis 12:

H0: There is no significant relation between having bank loan and membership in multiple chit schemes.

H1: There is significant relation between having bank loan and membership in multiple chit schemes.

Hypothesis 13:

H0: There is no significant relation between monthly income and participation in unregistered chit funds

H1: There is significant relation between monthly income and participation in unregistered chit funds

Hypothesis 14 :

H0: There is no significant relation between causes to prefer chit fund over bank and having bank loan.

H1: There is significant relation between causes to prefer chit fund over bank and having bank loan.

Hypothesis 15:

H0: Presence of safety, flexibility, timely payment, low commission, better service, personal contact, having a bank loan are no significant predictors of regular participation in chit fund.

H1: Presence of safety, flexibility, timely payment, low commission, better service, personal contact ,having a bank loan,are significant predictors of regular participation in chit fund.

.

3.8 SAMPLING METHOD

Members of four registered chit fund companies in Bangalore. The four registered chit fund companies were selected due to the large size of their subscriber base.

3.8.3 SIZE OF SAMPLE

150 respondents

3.9 MECHANISM OF STUDY

3.9.1 PRIMARY RESEARCH

Questions relating to behaviour and financial pattern will be found out through questionnares

3.9.2 SECONDARY RESEARCH

‘ Reports on chit fund industry

OVERVIEW OF INDIAN CHIT FUND INDUSTRY

4.1.1 NUMBER OF REGISTERED CHIT FUND COMPANIES:

According to the Ministry of Corporate Affairs, as on 31st December, 2013:

Volume of registered chit companies: 5412

Volume of chit companies in Karnataka: 703

Number of chit fund companies in Bangalore: 315

UNREGISTERED CHIT FUND INDUSTRY

Although unregistered chits are an informal source of finance but still they are a significant part of the chit fund industry. Though they are more easily accessible as compared to registered chit funds.

4.3 PURPOSE OF THE STUDY

The study titled ‘A Study on Chit Funds in Bangalore to understand the behaviour and financial needs of the chit fund members as well as to identify the important predictors of regular participation in chit funds’ attempt in The study estimates the net returns and interest rate on Chit funds. This study also examines the limitations of the Chit Acts and suggests suitable recommendations for improving the functioning of such institutions.

4.4 LIMITATION OF STUDY

‘ Unwillingness of the members to share their income and financial details made the task of data collection somewhat difficult.

‘ Collecting data became difficult since I don’t know the regional languages.

5.2 ANALYSIS OF DATA

The analysis is done on the primary data collected from 150 chit funds members in Bangalore

TESTING OF HYPOTHESES

5.4.1 Hypothesis 1:

H0: There is no significant relation between gender and cause for participation in chit fund.

H1: There is significant relation between gender and cause for participation in chit fund.

Chi-Square Tests

Value df Asymp. Sig. (2-sided)

Pearson Chi-Square 31.070a 16 .013

Likelihood Ratio 35.945 16 .003

Linear-by-Linear Association 8.809 1 .003

N of Valid Cases 150

a. 1 cells (10.0%) have expected count less than 5. The minimum expected count is .30.

Symmetric Measures

Value Approx. Sig.

Nominal by Nominal Phi .455 .013

Cramer’s V .228 .013

N of Valid Cases 150

a. Not assuming the null hypothesis.

b. Using the asymptotic standard error assuming the null hypothesis.

INTERPRETATION:

The value of chi-square=31.070 was p=.013, less than 0.05.

We can see that the strength of association between the variables is moderate (Phi and Cramer’s V -0.455).

Therefore, the research hypothesis that differences in ’cause to participate in chit funds’ are related to differences in ‘age” is supported by this analysis. This means that different age groups of the chit fund members have different reasons of participating in chit funds. As can be seen from the table above that those who belong to ’36-45 years’ have saving as the predominant reason to participate whereas members of other age groups do not have any dominant reason to participate.

5.4.2 Hypothesis 2:

Hypothesis 2:

H0: There is no significant relation between occupation and cause for participation in chit fund.

H1: There is significant relation between occupation and cause for participation in chit fund.

Hypothesis 3:

. Hypothesis 3:

H0: There is no significant relation between age and causes for participation in chit fund

H1: There is significant relation between age and cause for participation in chit fund

Chi-Square Tests

Value df Asymp. Sig. (2-sided)

Pearson Chi-Square 10.018a 4 .040

Likelihood Ratio 10.478 4 .033

Linear-by-Linear Association 6.876 1 .009

N of Valid Cases 150

Symmetric Measures

Value Approx. Sig.

Nominal by Nominal Phi .258 .040

Cramer’s V .258 .040

N of Valid Cases 150

a. Not assuming the null hypothesis.

a. Using the asymptotic standard error assuming the null hypothesis.

INTERPRETATION:

The value of chi-square=10.018 was p=.040, less than 0.05.

.We can see that the strength of association between the variables is weak (0.258)

Therefore, the research hypothesis that differences in ’cause to participate in chit funds’ are related to differences in ‘gender” is supported by this analysis. This means that males and females have different reasons of participating in chit funds. As it can be seen that males participate in chit funds for business and personal consumption purposes apart from saving whereas women predominantly participate to save.

5.4

Hypothesis 4:

H0: There is no significant relation between monthly income and cause for participation in chit fund

H1: There is significant relation between monthly income and cause for participation in chit fund

Chi-Square Tests

Value df Asymp. Sig. (2-sided)

Pearson Chi-Square 82.176a 12 .000

Likelihood Ratio 97.665 12 .000

Linear-by-Linear Association 15.696 1 .000

N of Valid Cases 150

Symmetric Measures

Value Approx. Sig.

Nominal by Nominal Phi .740 .000

Cramer’s V .427 .000

N of Valid Cases 150

INTERPRETATION:

We can see that the strength of association between the variables is strong (0.740)

Therefore, the research hypothesis that differences in ‘reason to participate in chit funds’ are related to differences in ‘occupation” is supported by this analysis. It can be seen that the self-employed members mainly participate to avail for business reasons whereas salaried employee participate mainly for personal consumption purposes.

Hypothesis 5:

Hypothesis 5:

H0: There is no significant relation between gender and causes for bidding in chit fund

H1: There is significant relation between gender and cause for bidding in chit fund

Chi-Square Tests

Value df Asymp. Sig. (2-sided)

Pearson Chi-Square 66.691a 20 .000

Likelihood Ratio 43.579 20 .002

Linear-by-Linear Association 4.804 1 .028

N of Valid Cases 150

a. 1 cell (10.0%) has expected count less than 5. The minimum expected count is .07.

Symmetric Measures

Value Approx. Sig.

Nominal by Nominal Phi .667 .000

Cramer’s V .333 .000

N of Valid Cases 150

a. Not assuming the null hypothesis.

b. Using the asymptotic standard error assuming the null hypothesis.

INTERPRETATION:

The (chi-square=66.691) was p=.000, less than 0.05.

We can see that the strength of association between the variables is moderately strong (0.667)

Therefore, the research hypothesis that differences in ’cause to bid in chit funds’ are related to differences in ‘age” is supported by this analysis. It can be seen that the members of age group’36-45 years’ are more interested in bidding for business related purposes where members of other age groups bid mainly for emergency needs.

5.4.6 Hypothesis 6:

. Hypothesis 6:

H0: There is no significant relation between occupation and cause for bidding in chit fund

H1: There is significant relation between occupation and cause for bidding in chit fund

Chi-Square Tests

Value df Asymp. Sig. (2-sided)

Pearson Chi-Square 7.167a 5 .209

Likelihood Ratio 7.885 5 .163

Linear-by-Linear Association 1.120 1 .290

N of Valid Cases 150

a. 5 cells (41.7%) have expected count less than 5. The minimum expected count is .81.

Symmetric Measures

Value Approx. Sig.

Nominal by Nominal Phi .219 .209

Cramer’s V .219 .209

N of Valid Cases 150

a. Not assuming the null hypothesis.

b. Using the asymptotic standard error assuming the null hypothesis.

INTERPRETATION:

The probability of the chi-square test statistic (chi-square=7.167) was p=.209, more than the alpha level of significance of 0.05.

Therefore, the research hypothesis that differences in ‘reason to bid in chit funds’ are related to differences in ‘gender” is not supported by this analysis.

5.4.7 Hypothesis 7:

Hypothesis 7:

H0: There is no significant relation between age and cause for bidding in chit fund

H1: There is significant relation between age and cause for bidding in chit fund

Chi-Square Tests

Value df Asymp. Sig. (2-sided)

Pearson Chi-Square 180.915a 15 .000

Likelihood Ratio 160.460 15 .000

Linear-by-Linear Association 28.379 1 .000

N of Valid Cases 150

a. 1 cell (10.0%) has expected count less than 5. The minimum expected count is .13.

Symmetric Measures

Value Approx. Sig.

Nominal by Nominal Phi 1.098 .000

Cramer’s V .634 .000

N of Valid Cases 150

INTERPRETATION:

The (chi-square=180.915) was p=.000, less than 0.05.

We can see that the strength of association between the variables is extremely strong (1.098)

Therefore, the research hypothesis that differences in’ are related to differences in ‘occupation” is supported by this analysis. It can be clearly seen that self-employed people bid in chit scheme mostly for business purposes, salaried people for emergency needs and housewives for household purposes.

5.4.8 Hypothesis 8:

Hypothesis 8:

H0: There is no significant relation between monthly income and cause for bidding in chit fund

H1: There is significant relation between monthly income and cause for bidding in chit fund

Chi-Square Tests

Value df Asymp. Sig. (2-sided)

Pearson Chi-Square 123.331a 35 .000

Likelihood Ratio 106.298 35 .000

Linear-by-Linear Association 4.957 1 .026

N of Valid Cases 150

INTERPRETATION:

The probability of the chi-square test statistic (chi-square=123.331) was p=.000, less than the alpha level of significance of 0.05.

We can see that the strength of association between the variables is extremely strong (.907)

Therefore, the research hypothesis that differences in ‘reason to bid in chit funds’ are related to differences in ‘income” is supported by this analysis. It can be clearly seen that low income members bid mostly for consumption reasons whereas higher income members bid for business related and emergency purposes.

SUMMARY:

Reason to bid in chit fund has the strongest association with the occupation of the chit fund members as the probability of the chi-square test statistic (chi-square=180.915) was p=.000 and the strength of association between the variables is extremely strong (1.098).

5.4.

Hypothesis 9:

H0: There is no significant relation between gender and cause for saving in chit fund

H1: There is significant relation between gender and cause for saving in chit fund

Chi-Square Tests

Value df Asymp. Sig. (2-sided)

Pearson Chi-Square 21.702a 16 .153

Likelihood Ratio 23.775 16 .095

Linear-by-Linear Association 2.397 1 .122

N of Valid Cases 150

INTERPRETATION:

The chi-square=123.331) was p=.153, more than 0.05. Therefore, the research hypothesis that differences in ’cause to save in chit funds’ are related to differences in ‘age” is not supported by this analysis.

5.4.10 Hypothesis 10:

H0: There is no significant relation between occupation and cause for saving in chit fund.

H1: There is significant relation between occupation and cause for saving in chit fund.

Chi-Square Tests

Value df Asymp. Sig. (2-sided)

Pearson Chi-Square 20.510a 4 .000

Likelihood Ratio 29.038 4 .000

Linear-by-Linear Association 7.062 1 .008

N of Valid Cases 150

a. 1 cell (10.0%) has expected count less than 5. The minimum expected count is .81.

Symmetric Measures

Value Approx. Sig.

Nominal by Nominal Phi .370 .000

Cramer’s V .370 .000

N of Valid Cases 150

a. Not assuming the null hypothesis.

b. Using the asymptotic standard error assuming the null hypothesis.

INTERPRETATION:

The chi-square=20.510) was p=.000, less than 0.05.

We can see that the strength of association between the variables is weak (.370).Therefore, the research hypothesis that differences in ’cause to save in chit funds’ are related to differences in ‘gender” is supported by this analysis.

5.4.11 Hypothesis 11:

Hypothesis 11:

H0: There is no significant relation between age and cause for saving in chit fund

H1: There is significant relation between age and cause for saving in chit fund

Chi-Square Tests

Value df Asymp. Sig. (2-sided)

Pearson Chi-Square 67.261a 12 .000

Likelihood Ratio 60.380 12 .000

Linear-by-Linear Association 9.507 1 .002

N of Valid Cases 150

a. 1 cell (10.0%) has expected count less than 5. The minimum expected count is .13.

Symmetric Measures

Value Approx. Sig.

Nominal by Nominal Phi .670 .000

Cramer’s V .387 .000

N of Valid Cases 150

INTERPRETATION:

The chi-square=67.261 was p=.000, less than 0.05.

We can see that the strength of association between the variables is moderately strong(.670).Therefore, the research hypothesis that differences in ‘reason to cause in chit funds’ are related to differences in ‘occupation” is supported by this analysis. Salaried people save their money in chit fund with no particular purpose. But self-employed people are equally interested in saving for house purchase as well as for general purpose.

SUMMARY:

chit fund is most closely associated with occupation of the chit fund members as it has the highest value of chi-square statistic and Phi coefficient.

5.4.12 Hypothesis 12:

Hypothesis 12:

H0: There is no significant relation between having bank loan and membership in multiple chit schemes.

H1: There is significant relation between having bank loan and membership in multiple chit schemes.

Chi-Square Tests

Value df Asymp. Sig. (2-sided)

Pearson Chi-Square 56.697a 3 .000

Likelihood Ratio 67.900 3 .000

Linear-by-Linear Association 36.400 1 .000

N of Valid Cases 150

INTERPRETATION:

The probability of the chi-square test statistic (chi-square=56.697) was p=.000, less than the alpha level of significance of 0.05.

We can see that the strength of association between the variables is strong (.615).

Therefore, the research hypothesis that differences in ‘membership in multiple chit schemes are related to differences in ‘having currently bank loan” is supported by this analysis. It is clearly evident that those members currently having bank loan have invested in only one chit scheme whereas those members who do not have availed bank loan have invested in more than one chit schemes.

5.4.13 Hypothesis 13:

Hypothesis 13:

H0: There is no significant relation between monthly income and participation in unregistered chit funds

H1: There is significant relation between monthly income and participation in unregistered chit funds

.

Chi-Square Tests

Value df Asymp. Sig. (2-sided)

Pearson Chi-Square 96.660a 7 .000

Likelihood Ratio 85.378 7 .000

Linear-by-Linear Association 59.577 1 .000

N of Valid Cases 150

a. 1 cell(10.0%) has expected count less than 5. The minimum expected count is 1.08.

INTERPRETATION:

The chi-square=96.660 was p=.000, less than 0.05.

We can see that the strength of association between the variables is extremely strong (.803).

Therefore, the research hypothesis that differences in ‘participation in unregistered chit funds’ are related to differences in ‘income” is supported by this analysis. It is clearly evident that mostly low- income members have participated in unregistered funds. This is because the registered funds have become expensive due to the increase in their operational cost as a result of stringent regulations.

5.2.14 Hypothesis 14 :

H0: There is no significant relation between causes to prefer chit fund over bank and having bank loan.

H1: There is significant relation between causes to prefer chit fund over bank and having bank loan

Chi-Square Tests

Value df Asymp. Sig. (2-sided)

Pearson Chi-Square 28.049a 5 .000

Likelihood Ratio 31.806 5 .000

Linear-by-Linear Association 2.967 1 .085

N of Valid Cases 150

a. 2 cells (15.0%) have expected count less than 5. The minimum expected count is 1.79.

Symmetric Measures

Value Approx. Sig.

Nominal by Nominal Phi .432 .000

Cramer’s V .432 .000

N of Valid Cases 150

INTERPRETATION:

The probability of the chi-square test statistic (chi-square=28.049) was p=.000, less than the alpha level of significance of 0.05.

We can see that the strength of association between the variables is moderate (.432).

Therefore, the research hypothesis that differences in ’cause to prefer chit fund over bank’ are related to differences in ‘having bank loan” is supported by this analysis. It is clearly evident that members who have bank loan have preferred chit fund over bank mainly due to better dividends. But those who do not have bank loan prefer chit fund over bank mainly due to better service in terms of more personalized service.)

5.2..15 Hypothesis 15: To identify significant predictors of regular participation in chit funds using Binary Logistic Regression

Hypothesis 15:

H0: Presence of safety, flexibility, timely payment, low commission, better service, personal contact, having a bank loan are no significant predictors of regular participation in chit fund.

H1: Presence of safety, flexibility, timely payment, low commission, better service, personal contact ,having a bank loan,are significant predictors of regular participation in chit fund.

Variables in the Equation

B S.E. Wald df Sig. Exp(B)

Step 0 Constant -1.046 .186 31.574 1 .000 .351

Model Summary

Step -2 Log likelihood Cox & Snell R Square Nagelkerke R Square

1 37.170a .533 .576

a. Estimation terminated at iteration number 6 because parameter estimates changed by less than .001.

Variables in the Equation

B S.E. Wald df Sig. Exp(B)

Step 1a bank_loan(1) 1.068 1.265 14.715 1 .000 11.720

reason_2 2.286 4 .683

reason_2(1) 1.336 1.077 1.540 1 .215 3.805

reason_2(2) .134 2.239 .004 1 .952 1.143

reason_2(3) -.559 1.896 .087 1 .768 .572

reason_2(4) .731 1.347 .294 1 .588 2.076

reason_3 4.874 5 .431

reason_3(1) 1.188 .924 1.652 1 .199 3.279

reason_3(2) 1.661 2.048 .658 1 .417 5.263

reason_3(3) -1.654 1.228 1.813 1 .178 .191

reason_3(4) .404 1.192 .115 1 .735 1.497

reason_3(5) -17.379 20.722 .000 1 .700 .000

reason_4 .355 4 .986

reason_4(1) -1.047 1.850 .320 1 .571 .351

reason_4(2) -.839 1.979 .180 1 .672 .432

reason_4(3) -.932 1.637 .324 1 .569 .394

reason_4(4) 3.519 4.199 .000 1 .600 3.746

reason_5 8.553 5 .128

reason_5(1) -.254 1.768 .021 1 .886 .776

reason_5(2) -19.245 9.890 .000 1 .999 .000

reason_5(3) 1.420 1.338 1.126 1 .289 4.136

reason_5(4) -.747 1.306 .327 1 .567 .474

reason_5(5) .561 1.342 .174 1 .676 1.752

B S.E. Wald df Sig. Exp(B)

Step 1a Safety -.075 .320 4.377 1 .011 0.928

Flexi -.178 .426 3.337 1 .021 0.837

commision -.185 .188 1.868 1 .026 0.831

payment -.267 .178 1.657 1 .097 0.766

service -.859 .412 1.348 1 .083 0.424

personal -1.122 .163 .996 1 .079 0.329

Constant 3.058 2.440 1.571 1 .010 21.291

a. Variable(s) entered on step 1: : bank_loan, reason_2, reason_3, reason_4, reason_5.imp1, imp2, imp3, imp4, imp5, imp6.

INTERPRETATION:

‘ -2 Log Likelihood statistic is 37.170. This statistic how poorly the model predicts the decisions — the smaller the statistic the better the model. Since, 37.170 is a relatively small number therefore, this model is able to predict the decisions in a better way.

‘ Here Cox & Snell R Square statistic indicates that 53.3% of the variation in the regular participation in chit funds is explained by the logistic model.

‘ In our case Nagelkerke R Square is 0.576, indicating a moderate relationship of 57.6 % between the predictors and the prediction.

‘ If it is less than .05 then, we will reject the null hypothesis and accept the alternative hypothesis.

‘ In this case, we can see that bank loan, safety, flexibility and low commission have contributed signi’cantly to the prediction of regular participation in chit funds but other variables are not significant predictors of regular participation in chit funds.

‘ Since only bank loan has p=.000, therefore we can say that bank loan is the most significant predictor

among other significant predictors. This is followed by safety (p=.011), flexibility (p=.021) and low commission (p=.026).

‘ Here, the EXP (B) bank loan is 11.727. Hence when bank loan is availed by one unit (one person) the odds ratio is 11 times as large and therefore people are 11 more times likely not to regularly participate in chit funds.

‘ Here, the EXP (B) with safety is .928. Hence when safety is increased by one percent the odds ratio is .928 times as large and therefore people are .928 more times likely to regularly participate in chit funds.

‘ Here, the EXP (B) flexibility is 837. Hence when flexibility is increased by one percent the odds ratio is .928 times as large and therefore people are .837 more times likely to regularly participate in chit funds.

‘ Here, the EXP (B) low commission is .831. Hence when flexibility is increased by one percent the odds ratio is .928 times as large and therefore people are .831 more times likely to regularly participate in chit funds.

SUMMARY

Bank loan is the most significant predictor of regular participation in chit funds. This is followed by safety, flexibility and low commission.

Instalment no No of months remaining Monthly subscription Prize amount PV of monthly subscription(PV of outlow at 10%) PV of Prize amount(PV of inflow at 10%) Net Present Value(PV of inflow – PV of outflow)

1 24 2000 50000 2000 50000 10444.9

2 23 1500 35000 1488.1 34723.1 -4832.0

3 22 1500 35000 1476.4 34448.4 -5106.7

4 21 1500 35000 1464.7 34175.9 -5379.2

5 20 1500 35000 1453.1 33905.5 -5649.6

6 19 1500 35000 1441.6 33637.3 -5917.8

7 18 1500 35000 1430.2 33371.2 -6183.9

8 17 1500 35000 1418.9 33107.2 -6447.9

9 16 1620 38000 1520.3 35660.6 -3894.5

10 15 1620 38000 1508.2 35378.5 -4176.6

11 14 1700 40000 1570.2 36945.9 -2609.2

12 13 1700 40000 1557.8 36653.6 -2901.5

13 12 1780 42000 1618.2 38181.8 -1373.3

14 11 1780 42000 1605.4 37879.8 -1675.3

15 10 1780 42000 1592.7 37580.1 -1975.0

16 9 1860 44000 1651.1 39058.2 -496.9

17 8 1860 44000 1638.0 38749.2 -805.9

18 7 1860 44000 1625.1 38442.6 -1112.5

19 6 1940 46000 1681.6 39872.1 317.0

20 5 1940 46000 1668.3 39556.6 1.5

21 4 1940 46000 1655.1 39243.7 -311.4

22 3 1940 46000 1642.0 38933.2 -621.8

23 2 1940 46000 1629.0 38625.2 -929.8

24 1 1940 46000 1616.1 38319.7 -1235.4

25 0 1940 46000 1603.3 38016.5 -1538.6

39555.1 934465.9 -54411.4

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Merit goods essay help 123

Merit goods are goods which will be under-provided by the market, therefore they will be under-consumed. They are thought by the governments to be good for the populations and so the governments want them to be consumed to a great extent. They increase the private and social benefits and cause the social benefit be higher than the private one. The best examples of them, apart from all the public goods, can be the education, health care, sports facilities and the opera.

Although the majority of the merit goods is provided by the private sectors, not all the people can afford buying them, therefore they will be under-consumed. That is why the government is needed to destroy the market failure increasing the supply and consequently raising the consumption.

To explain the reasons for government to provide the merit goods, I need to apply some examples of them. The first one can be the education. It is significant for the governments to provide it so that the society would be well-educated. Governments determine the period of education required for people (the compulsory education) to maintain the proper level of education of the society. The governments find education an important aspect that should be available for everyone as it cause the whole country to have better both economic growth and economic development.

Considering another example such as health care, the situation is quite similar. The governments want to provide the population with it because they care about the high states of health of society in their country. To gain these, the countries need to have high quality of health care. Governments often offer people unpaid programs consisting of preventative medical examination which contribute to maintain the high number of healthy people. This is also connected with the problems of the labour market. The healthier people are, the more efficient their work is, the greater revenue firms have and countries are more developed because of taxations.

Other examples like sport facilities or the opera are meant for people to become physically and culturally developed but their availability is not as important as in the case of the previous examples. That is why they are not as much provided by the governments as the rest of the merit goods.

Although most of the merit goods provided by the governments are free, the fact is that they are paid through the taxes that the societies pay. The number of the merit goods of particular types that the governments provide or subsidize depends on the necessity of them. If they are provided, the societies’ benefits get higher and so is the public treasury of the countries.

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Research proposal: The effect of pregnancy on the adolescent pregnant teen & father college essay help online

Abstract: The purpose for this research paper is to address the adolescent pregnant teen & father and the effects a pregnancy has on both of their lives during and after her pregnancy. How the teens need the support of the family, community, church, and the school system. I will also address the teen father mostly disregarded in any aspect of the teen’s pregnancy and how this affects him, and how both teens need support in our society. How we can address the social problem of teen pregnancy from all avenues.

‘Three issues that have an impact on the pregnant adolescent are discussed education, identity development, and maternal support’ (Turnage & Pharris, 2013). My research focuses on adolescent pregnant teen women 19 years old and younger. It will also reflect the problems of the teen pregnant adolescents journeying thru the process of becoming a teen mother, finishing high school, developing her own identity and the maternal support she gets from her mother during her transition from pregnant teen to motherhood.

‘Several issues that differently influence the pregnant teen is individually based on the female’s chronological age’ (Turnage & Pharris, 2013). ‘For the pregnant adolescent, her pregnancy supersedes high school graduation as the benchmark for her being viewed as an adult’ (Turnage & Pharris, 2013). ‘Failure to graduate high school is associated with poor social and educational outcomes for teen mothers and their children’ (Turnage & Pharris, 2013).

‘While the pregnant adolescent is defining who she is as a person she experiences a transition to the new identity of mother’ (Turnage & Pharris, 2013). ‘During her pregnancy the adolescent’s mother is seen as the primary source of support that contributes to a positive self-image and can assist her in the adapting to the role of parent’ (Turnage & Pharris, 2013).

My research paper will also show how important it is to support the teen during and after pregnancy. It addresses the need for the teen mothers to finish high school, and find her identity. How important it is to have the support system of her mother and family to achieve all of these things. Without these support systems, the pregnant adolescent could end up in poverty, no social skills, homeless and a host of other social problems for her and her baby.

Addressed and examined is teen motherhood and its long-term mental and physical health of the teen mother’ (Patel & Sen, 2012). They used a (PCS) health survey known as SF-12 NLSY79 a study that compared two major comparisons groups of which only teens who experienced teen pregnancy and girls who did not experience teen pregnancy. On average the survey for teen mothers was on average 50.89.

The study to access the health outcome of ‘two major comparison groups, which consisted of women who were only experienced teen pregnancy & women who were having unprotected sexual relation as a teen but did not become pregnant ‘ (Patel & Sen, 2012). Estimated is that teen mothers are more likely to have poor health later in life in the study of all the comparison groups.

Along with support, they desperately need help taking care of an infant as a teen; they need a support system to take notice of how they are managing their health & well-being so that they can be a successful teen parent. In addition, being a teen parent can affect the mother’s mentally as the pressure of being new teen mom can be stressful.

The teen mothers who marry after they give birth to their children statistics state that 30 % of them will not remain in their marriages into their 40’s. This result comes from teen adolescents in a single parent home raising their child. This can put a strain on the teen adolescent because she will financially have to seek support from her family or enter into the welfare system and suffer mental health issues.

‘Adolescent teen mothers identify social support with, parenting and emotional support primary emanating from family members, particularly their own mothers, as well as from the father of the baby (Savio Beers & Lee, 2009)’. ‘Older sisters may play an important role in the support network for adolescent mothers, the supportive sister relationships decrease depressive and anxiety-related symptoms in adolescent mothers (Savio Beers & Lee, 2009).

‘For some adolescent parents, participation in a religious community programs may provide the significant social support and serve as a protective factor’ (Savio Beers & Lee, 2009). This directly stresses the point that without the support of family, community, and church with the support of the father the adolescent teen mother can suffer mental issues, poverty issues, and marriage problems.

We addressed the many issues that teen mothers have to face, so now I would like to address the teen father in our society. What are their concerns on becoming a teen father, and how do they view their role as father where their masculinity is concerned? While most of the research done on teen pregnancy and parenting mainly focusing on the mother, the father is invisible.

Interviewed were 26 young teen fathers in the mid-western American towns. The in depth survey of three themes of gender discord focused on teen father narratives, which took on responsibility, sex, being a man, this is the direct viewpoint of the invisible teen father. What they feel about getting a teen girl pregnant and what responsibility they take in the pregnancy if any. How they relate to getting a teen pregnant and how that affects his identity as a man and their masculinity.

‘Gendered assumptions regarding pregnancy and contraception’specifically that women are in charge of preventing pregnancy and they have the belief that male sexuality is uncontrollable; and that use of love and intimacy talk (Weber, J. B., 2013). The teen fathers that took the questionnaire did not blame themselves for getting the teen girl pregnant. They see the teen’s pregnancy as her problem.

Studies suggest that teen fathers are more likely to be of a minority race. He has a mother who had a baby as a teen; his parents have a minimal education. His parents do not have high expectations of him finishing school; all of these factors result in the likelihood that makes him a candidate to becoming a teenage father. ‘The research states that the teen fathers go to school fewer years less than non-teenage fathers (Fletcher & Wolfe, 2011).

‘Evidence shows that men who have children before marriage leave school earlier and have worse labor markets outcomes’ (Fletcher & Wolfe, 2011). ‘Data was used only on young men who reported a pregnancy as an adolescent’ (Fletcher & Wolfe, 2011). It affects his completion of high school.

It also affects his ability to take care of the teen mother & baby, which causes him to drop out of school early. Statistically, ‘teen fathers work more hours and earn more money following the birth of a child then his non-parent counterparts’ (Fletcher & Wolfe, 2011). Teen fatherhood results in the teen father getting married early or co-habitation with the teen mother.

In conclusion, teen pregnancy is a social problem in the United States both teens will have to suffer in their education, grow up before their time, take on adult responsibilities, and suffer financial problems to take care of the child. Which ultimately falls on the parents of the teens, society or the welfare system in which the teen mother becomes a social statistic or shall I say a number.

Teen pregnancy as of 2014 have been on the decline in the United States and increased in other states, however a positive support system for both teens is minimal at best. Socially as communities, churches and government we have to take an active role in education of abstaining from sex, talking to the teens about sex, and protecting themselves against pregnancy.

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Reconnaissance attacks in IPv6 networks argumentative essay help

2.1.1 Reconnaissance attacks in IPv6 networks

The 1st larger attack in IPv6 is usually a reconnaissance attack. An attacker try reconnaissance attacks to get some confidential information about the victim network that can be misused by the attacker in further attacks. For this he uses active methods, such as scanning techniques or data mining strategies. To start, an intruder begins to ping the victim network to determine the IP addresses currently used in the victim network. After getting some of the accessible system, he starts to scan the port to find out any open port in the desired system. The size of subnet is bigger than that of the in IPv4 networks. To perform a scan for the whole subnet an attacker should make 264 probes and that???s impossible. With this fact, IPv6 networks are much more resistant to reconnaissance attacks than IPv4 networks. Unfortunately, there are some addresses which are multicast address in IPv6 networks that help an intruder to identify and attack some resources in the target network.

2.1.2 Security threats related to IPv6 routing headers

As per IPv6 protocol specification, all of the IPv6 nodes must be able to process routing headers. In fact, routing headers can be used to avoid access controls based on destination addresses. Such action can cause security effects. It may be happen that an attacker sends a packet to a publicly accessible address with a routing header containing a ???forbidden??? address on the victim network. In such matter the publicly accessible host will forward the packet to the destination address stated in the routing header even though that destination is already filtered before as a forbidden address. By spoofing packet source addresses an intruder can easily perform denial of service attack with use of any publicly accessible host for redirecting attack packets.

2.1.3 Fragmentation related security threats

As per IPv6 protocol specification, packet fragmentation by the intermediate nodes is not permitted. Since in IPv6 network based on ICMPv6 messages, the usage of the path MTU discovery method is a duty, packet fragmentation is only allowed at the source node.1280 octets is the minimal size of the MTU for IPv6 network. The packets with size less than 1280 octets to be discarded unless it???s the last packet in the flow as per security reasons. With use of fragmentation, an attacker can get that port numbers not found in the first fragment and thus they bypass security monitoring devices expecting to find transport layer protocol data in the very first fragment. An attacker will send a huge amount of small fragments and create an overload of reconstruction buffers on the victim system which resulted to the system crash. To prevent system from such attacks it???s necessary to bound the total number of fragments and their permissible arrival rate.

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WMBA 6000-13 Topic: Course Evaluation grad school essay help

WMBA 6000-13

Topic: Course Evaluation

Date: March 2, 2014

Based on the assigned readings for this course (Dynamic Leadership), I have read an enormous amount of information about the different categories of leaders and leadership styles. Today’s leaders are different from the leaders of twenty to fifty years ago. In the past leaders gave commands and they controlled the actions of others. Today leaders are willing to involve others in their decision making and they are more open to new possibilities.

A good leader has a vision for their organization and they know how to align and engage employees in order to promote collaboration. The successful leader knows how to lead by using superior values, principles and goals that fit the organization’s values, principles and goals. Also these leaders know that leadership is not made from authority, it’s made from trust and followership. Coleman, J., Gulati, & Segovia, W.O. (2012)

I am impressed most by the characteristics of the authentic leader because they know how to develop themselves; they use formal and informal support networks to get honest feedback in order to drive long-term results. Authentic leaders build support teams to help them stay on course and counsel them in times of uncertainty. George, B., Sims, P., Mclean, A.N. & Mayer D. (2007)

In addition, I found the Leadership Code to be important because it provides structure and guidance and helps one to be a better leader by not emphasizing one element of leadership over another. Some focus on the importance of vision for the future; others on executing in the present; others on personal charisma and character; others on engaging people’; and others on building long-term organization. The code represents about 60 to 70 percent of what makes an effective leader. Ulrich, D., Smallwood, N., Sweetman, K. (2008)

The information that I acquired from this course will help me to pursue the goal of owning a beauty supply business. Another goal that I can add to my action plan is to include not only wigs and welted hair, but I will add hair, skin and nail products to my inventory. A future goal will be to add handbags and accessories as well.

After completing my short-term goal of finishing my MBA, I can take the knowledge from this course along with my values, ethics and principles to help me to manage employees and operate a successful business. Annie Smith (March 2, 20

Coleman, J. G. (2012). Educating young leaders. Passion and Purpose , 197-202.

George, B. S. (2007). Discovering your authentic leadership. Harvard Business Review , 129-138.

Lyons, R. (2012). Dean of Haas of School of Business University of California, Berkely. It’s made from followership. (J. G. Cole, Interviewer) Coleman, J., Gulati, D., & Segovia, W.O.

Ulrich, D. S. (2008). Five rules of leadership. In The leadership code five rules to lead by. Defining Leadership Code , 1-24.

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Family presence during CPR (cardiopulmonary resuscitation) best essay help

In a pre-hospital setting, there are few moments that are as intense as the events that take place when trying to save a life. Family presence during these resuscitation efforts has become an important and controversial issue in health care settings. Family presence during cardiopulmonary resuscitation (CPR) is a relatively new issue in healthcare. Before the advent of modern medicine, family members were often present at the deathbed of their loved ones. A dying person’s last moments were most often controlled by his or her family in the home rather than by medical personnel (Trueman, History of Medicine). Today, families are demanding permission to witness resuscitation events. Members of the emergency medical services are split on this issue, noting benefits but also potentially negative consequences to family presence during resuscitation efforts.

A new study has found that family members who observed resuscitation efforts were significantly less likely to experience symptoms of post-traumatic stress, anxiety and depression than family members that did not. The results, published in an online article in The New England Journal of Medicine, entitled ‘Family Presence during Cardiopulmonary Resuscitation,’ were the same regardless of the survival of the patient. The study involved 570 people in France whose family members were treated by emergency medical personnel at home. These EMS teams were unique in that they were comprised of a physician, a nurse trained in emergency medicine, and two emergency medical technicians. The study found that the presence of relatives did not affect the results of CPR, nor did it increase the stress levels of the emergency medical teams. Having family present also did not result in any legal claims after the incidents occured. While the unique limitations of the study warrant consideration, the results show a definite benefit in having families stay during CPR (Jabre Family Presence).

Historically, although parents of children have been allowed to be present for various reasons, relatives of adult patients have not. As medical practices change to increasingly involve family in the care of patients, growing numbers of emergency medical practitioners say that giving relatives the option of watching CPR can be a good idea. Several national organizations, including The American Heart Association, have revised their policies to call for giving family members the option of being present during CPR (AHA Guidelines for CPR). Witnessing CPR, say some emergency medical experts and family members, can take the mystery out of what could be a potentially terrifying experience. It can provide reassurance to family members that everything is being done to save their loved ones. It also can offer closure for relatives wanting to be with their family members until the last minute (Kirkland Lasting Benefit). Another benefit is that it shows people why reviving someone in cardiac arrest is much less likely than people assume from watching it being done on television (Ledermann Family Presence During). Family members who can truly understand what it means to ‘do everything possible’ can go on to make more informed decisions about end-of-life care for themselves or their families.

There are three perspectives on this issue- that of the emergency medical personnel providing care, the family, and the patients. The resistance on the part of the medical community to family presence during CPR stems from several different concerns. The most common concern among these is that family members, when faced with overwhelming fear, stress and grief, could disrupt or delay active CPR. Another concern raised by emergency medical personnel is that the realities of CPR may simply be too traumatic for loved ones, causing them to suffer more than they potentially would have if they had never witnessed the event. Some families share this view, citing the potential for extreme distress as a main reason for not wanting to witness resuscitation (Grice Study examining attitudes). Many emergency medical personnel also fear an increased risk of liability and litigation with family members present in the room (Fullbrook the Presence of Family). The worry is that errors can occur, inappropriate comments may be made, and the actions of the personnel involved may be misinterpreted. In an already tense situation, the awareness of the family could increase the anxiety of the personnel and create a greater potential for mistakes.

Another complication that arises from having families present during resuscitation attempts is that of patient confidentiality. The patient’s right to privacy should not be circumvented with implied consent. There is always the possibility that medical information previously unknown to the family may be revealed in the chaos of resuscitation. In addition, patient dignity, whether physical or otherwise, may become compromised (Fullbrook the Presence of Family). Beyond moral considerations, legal concerns regarding revealing patient information are real. This could become an even larger issue if there is no one available to screen witnesses, which could result in unrelated people gaining access to personal information. Eventually, a breach in confidentiality can lead to a breach in the confidence that the public has gained in pre-hospital emergency care.

Family presence during CPR in a pre-hospital setting remains a highly debatable topic. This could be largely due to the fact that the needs of the emergency medical providers and the rights of the patients can be at odds with the wishes of the family members. Although there are several possible reasons why family presence is not being welcomed into daily practice, one of the major reasons could be the lack of formal written policies that define the roles of families and providers placed into this situation. Bringing family members into a situation where CPR is being performed on a loved one should not happen haphazardly. It should happen with careful concern and support for everyone involved. Policies and protocols, defined by experienced personnel, can provide legal and emotional support. They can also potentially help ease anxiety by defining expectations and placing responsibility in the hands of people who are experienced enough to know how to handle the situation appropriately. The policies and protocols should address the basic needs of all people involved. Five basic needs should be addressed:

1. The number of people allowed to be present

2. Which relatives should be allowed to be present (age, relationship, etc.)

3. The role of the family members present and what is expected of them.

4. The place where the family should remain during the duration of CPR.

5. The formal wishes of the patient- written as a directive like a living will.

An important component of this is available, trained staff that can prepare the family members for what they will witness, support them through the event, and then direct them after the event’s conclusion.

The American Heart Association states that the goals of cardiopulmonary resuscitation are, ‘to preserve life, restore health, relieve suffering, limit disability, and respect the individual’s decisions rights and privacy’ (AHA Guidelines for CPR). The practice of offering family members the opportunity to be present during CPR is a controversial ethical issue in emergency medical services. While the results of the study published on this topic in The New England Journal of Medicine clearly show no negative side effects from having families present during resuscitation attempts, the limitations of the study lend to the need for more research before it could be universally accepted.

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Respondeat Superior college essay help free

Legal claims that derive from a situation where there are claims of negligence can sometimes involve an entity other than the neglectful parties. In certain circumstances employers are fully responsible for their employees, and the tasks they perform during working hours. During the course of this paper, the doctrine of respondeat superior will be defined and explained. Two case studies in which the doctrine was applied will also be analyzed to determine if it was applied correctly.

Respondeat superior is a legal theory that holds employers responsible for any negligent or harmful act performed by an employee during the commission of their employment duties (Thornton, 2010). The Maryland Supreme Court in 1951 was the first court to utilize respondeat superior in a court case involving a question of employer liability (Burns, 2011). This doctrine is important as it holds employers liable in court cases where one of its employees does harm to an individual. Vicarious liability and indirect liability are two base concepts that make-up respondeat superior (Thornton, 2010). Respondeat superior shows that the employer did not have to be responsible for the employee???s negligent behavior, in the form of improper training or instruction to perform harmful acts, in order for the employer to be held legally responsible.

In the case of Valle v. City of Houston, the police force was sued for excessive force and an illegal search in an attempt to remove an individual from his parent???s home (Nicholl & Kelly, 2012). The situation stemmed from a man, Omar Esparza, barricading himself in his parent???s home and refusing to come out (p. 285). After a long police standoff, the SWAT team was ordered to forcefully enter the home and remove Mr. Esparza (p. 285). The SWAT team utilized taser gun and bean bag ammunition in an attempt to subdue Mr. Esparza after they felt he posed a physical threat by wielding a hammer, but as those attempts failed the suspect was fatally wounded when an officer fired his weapon (p. 286). Shortly after the incident the mother was allowed into the home, and she reported no visible evidence that her son was possession of a hammer (p. 286). The court found that the city was not liable for damages under the theory of respondeat superior, because the order to remove the individual from the home was not made by an individual deemed as a decision-maker by the city (p. 286).

From the outside, this case seems to fit the theory of respondeat superior. As the employer, the city should be held responsible for the actions of its employees. The police, serving as the city???s employees acted in a manner that was unnecessary for the situation and in conflict of their training (p. 286). However, the court sided with the City of Houston because the chain of command was not followed in regards to the use of force (p. 286). The end result is a case where an individual made a decision that was not his to make; that ultimately cost a man his life.

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Psychological Egoism And Ethical Egoism Summary And Response Essay Help

I have always looked at myself as an unselfish person with a good sense of empathy towards my friends and other people. I have always thought about egoism as something solely negative. That was before I knew the true meaning and concept of the word. Now I am no longer so sure; is it possible to be an absolute altruist? Is it possible to keep going on an absolute altruistic line of life without any egoistic subsidiary interference?

Psychological egoism is a human beings factual motivation in life. Psychological egoism builds around that our intended actions are always controlled by our own interests, wishes and motives. We are motivated by a wish to accomplish a sort of self-fulfillment, meaning that our actions in all aspects of our lives (from buying a sandwich because we are hungry, to studying for an exam to get a good grade) are all done because it is for our own beneficial interests, wishes and motives.

The definition for ethical egoism is basically ‘how we ought to act’. Ethical egoism builds itself around the idea that the best way to promote collective reimbursement, is to follow self-interests. By always striving for our own personal self-fulfillment a person will better be able to promote what is in the best interest of the community, more so than always striving to promote the community’s interests. A person is able to hold a sociable role that supports the general public by taking care of his or her own well-being and self-interest first.

The relationship between psychological egoism and ethical egoism is very clear. Since ethical egoism states that the best way to promote the welfare of others is by promoting your own self-interest, they kind of go hand in hand. But they are different since psychological egoism focus only on self-fulfillment and self-interest. The term ego means self. A body without an ego is just empty, without a soul. To deny one’s own ego is to deny one’s own mental existence, which is naturally not good for one’s mental health. To have a good mental health involves being an integrated and harmonized human being. This anticipates that you are an egoist. Without good mental health and personal harmony one does not make the right choices for either yourself or the welfare of other people around you.

The word altruism was first used by the French philosopher, Auguste Comte. Every human beings moral purpose is to serve others well-being on the expense of your own values. Altruism considers personal interest as something negative. Self-interest is per definition unmoral. It seems like being an altruist is to go against one’s self and breaking the connection between actions and beliefs, interests, and moral thoughts. It seems that in the altruistic model one constantly is trying to please other people and letting other’s needs and interests control their own actions. By always doing this there will be a constant split between one’s actions and one’s ego, making it very hard to be a harmonized human being. Being raised in an altruistic way seems to like living in a constant conflict with one’s self. By living a life of constant conflict with one’s self, there must be a big chance of developing poor self-confidence and irrational guilt.

Guilt is something you experience when something is in conflict with your own moral belief. Rational guilt is to feel guilt when one actually harms others. That type of guilt is good, because it aids learning to show consideration when it comes to others and their feelings. But irrational guilt, feeling guilty when you have not done anything wrong, is never positive. By reflecting about altruism, the feeling that altruism can create guilt in times when one does not do what other people want becomes apparent. That could make it very hard to say no, which lead to situations of victimization and being taken advantage of. In many situations in life, it is important to have a self-defense to protect one ‘s self and interests. The concept of a self-defense will always be egoistic, and involves the sub consciousness sense what is right or wrong. If a person believes that it’s wrong to think about themselves and feel guilty to do acts that are in their own interests, it gets very hard to make the right decisions. It makes you self-destructive to feel irrational guilt all the time. One has no emotional support for your own actions. To have personal opinions, it’s necessary to have sub-conscious support. The sub-consciousness needs to work for the personal best interest, because if the sub-consciousness gives priority to other’s beliefs, it will increase one’s sensitivity to criticism. To be sensitive to criticism is the same as being sensitive to other people’s thoughts.

It might seem logical that collectivism and altruism are important values to collaborate socially. This is completely wrong. Social competence is a quality of the individual. To work socially is to work as an individual in relation to other people, and to work as an individual one needs to be an egoist. It is not possible to become social by denying one’s ego. Altruistic behavior makes it easier for other people to manipulate feelings and actions. Confidence anticipates that one can trust their own sub-consciousness. Insecurity is driven by a lack of support from the sub-conscious. An altruistic belief leads to being very influenced by other people’s beliefs, and becoming insecure in social situations. It is also hard to work socially, if one is sensitive to criticism, and feel irrational guilt. Altruism makes one a target of outside control, which makes a self-controlled life problematic.

In conclusion, there is little to no room for altruism where egoism dominates. Altruists get motivated by what other people believe is best, and it seems like they need to be part of a collective were they can agree with others and feel safe. By having this as a priority the world would not develop without egoism, because to gain full potential one needs a sense of inner motivation to reveal their talents and gain a knowledge of who they really are and of what they as a single person can become capable.

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Family presence during CPR (cardiopulmonary resuscitation) best essay help

In a pre-hospital setting, there are few moments that are as intense as the events that take place when trying to save a life. Family presence during these resuscitation efforts has become an important and controversial issue in health care settings. Family presence during cardiopulmonary resuscitation (CPR) is a relatively new issue in healthcare. Before the advent of modern medicine, family members were often present at the deathbed of their loved ones. A dying person’s last moments were most often controlled by his or her family in the home rather than by medical personnel (Trueman, History of Medicine). Today, families are demanding permission to witness resuscitation events. Members of the emergency medical services are split on this issue, noting benefits but also potentially negative consequences to family presence during resuscitation efforts.

A new study has found that family members who observed resuscitation efforts were significantly less likely to experience symptoms of post-traumatic stress, anxiety and depression than family members that did not. The results, published in an online article in The New England Journal of Medicine, entitled ‘Family Presence during Cardiopulmonary Resuscitation,’ were the same regardless of the survival of the patient. The study involved 570 people in France whose family members were treated by emergency medical personnel at home. These EMS teams were unique in that they were comprised of a physician, a nurse trained in emergency medicine, and two emergency medical technicians. The study found that the presence of relatives did not affect the results of CPR, nor did it increase the stress levels of the emergency medical teams. Having family present also did not result in any legal claims after the incidents occured. While the unique limitations of the study warrant consideration, the results show a definite benefit in having families stay during CPR (Jabre Family Presence).

Historically, although parents of children have been allowed to be present for various reasons, relatives of adult patients have not. As medical practices change to increasingly involve family in the care of patients, growing numbers of emergency medical practitioners say that giving relatives the option of watching CPR can be a good idea. Several national organizations, including The American Heart Association, have revised their policies to call for giving family members the option of being present during CPR (AHA Guidelines for CPR). Witnessing CPR, say some emergency medical experts and family members, can take the mystery out of what could be a potentially terrifying experience. It can provide reassurance to family members that everything is being done to save their loved ones. It also can offer closure for relatives wanting to be with their family members until the last minute (Kirkland Lasting Benefit). Another benefit is that it shows people why reviving someone in cardiac arrest is much less likely than people assume from watching it being done on television (Ledermann Family Presence During). Family members who can truly understand what it means to ‘do everything possible’ can go on to make more informed decisions about end-of-life care for themselves or their families.

There are three perspectives on this issue- that of the emergency medical personnel providing care, the family, and the patients. The resistance on the part of the medical community to family presence during CPR stems from several different concerns. The most common concern among these is that family members, when faced with overwhelming fear, stress and grief, could disrupt or delay active CPR. Another concern raised by emergency medical personnel is that the realities of CPR may simply be too traumatic for loved ones, causing them to suffer more than they potentially would have if they had never witnessed the event. Some families share this view, citing the potential for extreme distress as a main reason for not wanting to witness resuscitation (Grice Study examining attitudes). Many emergency medical personnel also fear an increased risk of liability and litigation with family members present in the room (Fullbrook the Presence of Family). The worry is that errors can occur, inappropriate comments may be made, and the actions of the personnel involved may be misinterpreted. In an already tense situation, the awareness of the family could increase the anxiety of the personnel and create a greater potential for mistakes.

Another complication that arises from having families present during resuscitation attempts is that of patient confidentiality. The patient’s right to privacy should not be circumvented with implied consent. There is always the possibility that medical information previously unknown to the family may be revealed in the chaos of resuscitation. In addition, patient dignity, whether physical or otherwise, may become compromised (Fullbrook the Presence of Family). Beyond moral considerations, legal concerns regarding revealing patient information are real. This could become an even larger issue if there is no one available to screen witnesses, which could result in unrelated people gaining access to personal information. Eventually, a breach in confidentiality can lead to a breach in the confidence that the public has gained in pre-hospital emergency care.

Family presence during CPR in a pre-hospital setting remains a highly debatable topic. This could be largely due to the fact that the needs of the emergency medical providers and the rights of the patients can be at odds with the wishes of the family members. Although there are several possible reasons why family presence is not being welcomed into daily practice, one of the major reasons could be the lack of formal written policies that define the roles of families and providers placed into this situation. Bringing family members into a situation where CPR is being performed on a loved one should not happen haphazardly. It should happen with careful concern and support for everyone involved. Policies and protocols, defined by experienced personnel, can provide legal and emotional support. They can also potentially help ease anxiety by defining expectations and placing responsibility in the hands of people who are experienced enough to know how to handle the situation appropriately. The policies and protocols should address the basic needs of all people involved. Five basic needs should be addressed:

1. The number of people allowed to be present

2. Which relatives should be allowed to be present (age, relationship, etc.)

3. The role of the family members present and what is expected of them.

4. The place where the family should remain during the duration of CPR.

5. The formal wishes of the patient- written as a directive like a living will.

An important component of this is available, trained staff that can prepare the family members for what they will witness, support them through the event, and then direct them after the event’s conclusion.

The American Heart Association states that the goals of cardiopulmonary resuscitation are, ‘to preserve life, restore health, relieve suffering, limit disability, and respect the individual’s decisions rights and privacy’ (AHA Guidelines for CPR). The practice of offering family members the opportunity to be present during CPR is a controversial ethical issue in emergency medical services. While the results of the study published on this topic in The New England Journal of Medicine clearly show no negative side effects from having families present during resuscitation attempts, the limitations of the study lend to the need for more research before it could be universally accepted.

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Respondeat Superior college essay help free

Legal claims that derive from a situation where there are claims of negligence can sometimes involve an entity other than the neglectful parties. In certain circumstances employers are fully responsible for their employees, and the tasks they perform during working hours. During the course of this paper, the doctrine of respondeat superior will be defined and explained. Two case studies in which the doctrine was applied will also be analyzed to determine if it was applied correctly.

Respondeat superior is a legal theory that holds employers responsible for any negligent or harmful act performed by an employee during the commission of their employment duties (Thornton, 2010). The Maryland Supreme Court in 1951 was the first court to utilize respondeat superior in a court case involving a question of employer liability (Burns, 2011). This doctrine is important as it holds employers liable in court cases where one of its employees does harm to an individual. Vicarious liability and indirect liability are two base concepts that make-up respondeat superior (Thornton, 2010). Respondeat superior shows that the employer did not have to be responsible for the employee???s negligent behavior, in the form of improper training or instruction to perform harmful acts, in order for the employer to be held legally responsible.

In the case of Valle v. City of Houston, the police force was sued for excessive force and an illegal search in an attempt to remove an individual from his parent???s home (Nicholl & Kelly, 2012). The situation stemmed from a man, Omar Esparza, barricading himself in his parent???s home and refusing to come out (p. 285). After a long police standoff, the SWAT team was ordered to forcefully enter the home and remove Mr. Esparza (p. 285). The SWAT team utilized taser gun and bean bag ammunition in an attempt to subdue Mr. Esparza after they felt he posed a physical threat by wielding a hammer, but as those attempts failed the suspect was fatally wounded when an officer fired his weapon (p. 286). Shortly after the incident the mother was allowed into the home, and she reported no visible evidence that her son was possession of a hammer (p. 286). The court found that the city was not liable for damages under the theory of respondeat superior, because the order to remove the individual from the home was not made by an individual deemed as a decision-maker by the city (p. 286).

From the outside, this case seems to fit the theory of respondeat superior. As the employer, the city should be held responsible for the actions of its employees. The police, serving as the city???s employees acted in a manner that was unnecessary for the situation and in conflict of their training (p. 286). However, the court sided with the City of Houston because the chain of command was not followed in regards to the use of force (p. 286). The end result is a case where an individual made a decision that was not his to make; that ultimately cost a man his life.

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