Principles of Economics

Paper Individual decision making is either you do, or you do not. Most people are rational beings basing their decisions on a formula, benefits versus cost. Are the benefits of buying a $1000 television worth it? Are the marginal benefits worth the marginal cost? Just this morning, I was faced with such a scenario. I was invited over to a friend’s house to try a new video game. I did not go, however, because I knew that I had to read several chapters for my class and write a paper.The benefits were that I would have some time to hang out with my friends and enjoy some much needed free time. The cost would’ve been that I could have not gotten all of my reading done and possibly been late on my assignment. My rational thought was that I would spend the day doing my reading and assignment and then get some free time later. Taking care of my responsibilities now would allow me to enjoy my free time later knowing that I had everything else, which was important, finished. Rat ionally, I would not have made a different decision.Economists have created an economic model that almost all businesses, government policy makers and entrepreneurs base their decisions on. Using these models, these people make their decisions based on how that decision will affect the economy. These models are for by economists based on analyses which are composed of: a hypothesis, assumptions, and simplifying. Analyses are done between consumers and businesses and how the two interact with each other. Will consumers buy certain products from these businesses?This analysis also includes assumptions that consumers will buy products to maximize their own profits. These assumptions are somewhat simplified and are not always accurate or do not apply to all consumers. This goes back to the first of the three economic ideas: people are rational. Each economy has three problems to solve: 1. What will be produced? 2. How will the goods and services be produced? 3. Who will receive those go ods and services? There are two main ways for each society to organize their economies: centrally planned economy and market economy.Centrally planned economies are of a lower caliber quality, because the government decides who, what, and how products will be handled. This however does not meet the consumers wants, only the needs. Market economies are quite different from centrally planned. Market economies base their who, what, and how answers on the consumers. This gives the consumers more choice and power on their buying habits. In a market economy, products will tend to have higher quality and higher probability of satisfying the consumers.This does, however, target the more willing and capable buyers. There is a third economic system that was brought about in the nineteenth century: a mixed economy. This mixed economy is a combination of both centrally planned and market economies. This allows for the answers to â€Å"who, what, and how? † to be decided by consumers but in which the government has a significant role in the allocation of resources. Simply explained, social interactions change from one economic system to another.A centrally planned economy restricts free will as far as the questions who, what, and how. Perhaps leaving the society a little less satiated. A market economy will allow for higher paying jobs, better quality products, but targets only a certain demographic. A mixed economy attempts to combine both systems and allow for high quality products, high paying jobs for skilled workers, and allow products to be distributed to all demographics.Resources Hubbard, R. G. , & O'Brien, A. P. (2010). Economics. Principles of Economics Paper Individual decision making is either you do, or you do not. Most people are rational beings basing their decisions on a formula, benefits versus cost. Are the benefits of buying a $1000 television worth it? Are the marginal benefits worth the marginal cost? Just this morning, I was faced with such a scenario. I was invited over to a friend’s house to try a new video game. I did not go, however, because I knew that I had to read several chapters for my class and write a paper.The benefits were that I would have some time to hang out with my friends and enjoy some much needed free time. The cost would’ve been that I could have not gotten all of my reading done and possibly been late on my assignment. My rational thought was that I would spend the day doing my reading and assignment and then get some free time later. Taking care of my responsibilities now would allow me to enjoy my free time later knowing that I had everything else, which was important, finished. Rat ionally, I would not have made a different decision.Economists have created an economic model that almost all businesses, government policy makers and entrepreneurs base their decisions on. Using these models, these people make their decisions based on how that decision will affect the economy. These models are for by economists based on analyses which are composed of: a hypothesis, assumptions, and simplifying. Analyses are done between consumers and businesses and how the two interact with each other. Will consumers buy certain products from these businesses?This analysis also includes assumptions that consumers will buy products to maximize their own profits. These assumptions are somewhat simplified and are not always accurate or do not apply to all consumers. This goes back to the first of the three economic ideas: people are rational. Each economy has three problems to solve: 1. What will be produced? 2. How will the goods and services be produced? 3. Who will receive those go ods and services? There are two main ways for each society to organize their economies: centrally planned economy and market economy.Centrally planned economies are of a lower caliber quality, because the government decides who, what, and how products will be handled. This however does not meet the consumers wants, only the needs. Market economies are quite different from centrally planned. Market economies base their who, what, and how answers on the consumers. This gives the consumers more choice and power on their buying habits. In a market economy, products will tend to have higher quality and higher probability of satisfying the consumers.This does, however, target the more willing and capable buyers. There is a third economic system that was brought about in the nineteenth century: a mixed economy. This mixed economy is a combination of both centrally planned and market economies. This allows for the answers to â€Å"who, what, and how? † to be decided by consumers but in which the government has a significant role in the allocation of resources. Simply explained, social interactions change from one economic system to another.A centrally planned economy restricts free will as far as the questions who, what, and how. Perhaps leaving the society a little less satiated. A market economy will allow for higher paying jobs, better quality products, but targets only a certain demographic. A mixed economy attempts to combine both systems and allow for high quality products, high paying jobs for skilled workers, and allow products to be distributed to all demographics.Resources Hubbard, R. G. , & O'Brien, A. P. (2010). Economics.

Applied Research Technologies, Inc. Essay

The business case you have describes a situation in a company called Applied Research Technologies. As a team, you are expected to understand the situation and present your answers to the questions below: 1. As Peter Vyas, how would you handle the expenditure request for the re-launch of the mini water oxidation system? 2. As Cynthia Jackson, would you approve the expenditure request if Vyas sent it up to you? 3. How effective has Vyas been as a front-line manager at ART? How effective has Jackson been as an ART division vice president? All the information you need is contained within the business case you have. However, if you want to use additional information you are welcome to do so. You are expected to hand in a team report that answers the questions above. You are also expected to present your results to the class. Your grade will be assessed as follows: Grade Based on Percent of Total Grade Understanding of the case Team 30% Ability to answer the questions Individual 30% Clarity of the presentation Team 20% Neatness of work Team 20% You will be assessed based on the following: Clarity of answering the questions. Cohesiveness of answers and reports. Accuracy of details and conclusions.

Geology Essay Example | Topics and Well Written Essays - 500 words

Geology - Essay Example The major islands and island groups consist of Turks & Caicos, the Bahamas, Cuba, Hispaniola, and the Antiles (Greater and lesser) 2. How likely will eruptions occur on these islands? Are there any where it is more likely in the near future? Explain. According to Chamberlain (2007) there was a volcanic eruption at Montserrat. It was postulated that because the eruption did not cause a lava shell to claps and as such there is the risk that this could cause additional pressure which could theoretically cause a more powerful blast at the same location however it is not clear if any place near to this location would erupt in the near future. There are conflicting reports as to the likelihood of there being a volcanic eruption in the near future however it is likely that at least some time in the future there will be some sort of volcanic eruption. 3. What is a supervolcano? According to the United States Geological Survey (2009) a supervolcano is a volcano that is capable of an eruption that ejects deposits that are greater than 1,000 cubic kilometers. Although there are not many of these supervolcanoes on the planet there is a tremendous amount of stored energy that has the potential for massive consequences should the volcano erupt. 4.

Cost of Healthcare Essay Example | Topics and Well Written Essays - 250 words

Cost of Healthcare - Essay Example This increase in cost of healthcare is most likely to impact the public in a number of ways. It is of crucial significance to note that the increase in cost of healthcare is good to the economy for a number of reasons. The increasing cost of healthcare is important in strengthening the economy. It is likely to result in increase in taxes thereby creating more money thus strengthening the economy (Pear et al, 2014). However, it is prudent to acknowledge that the increase in cost of healthcare may negatively impact the consumers in a number of ways. This may involve the increasing costs of medical insurance to such consumers. In this regard, it is prudent to note that the healthcare costs should be reduced. This is because the high healthcare cost is most likely to raise the cost of medication and hospital. This can be attributed to increased costs of living to the people. Renter, E. (2014). Health Care Costs Expected to Rise in 2015: Are You Ready? Retrieved on 9th June 2015 from http://health.usnews.com/health-news/health- insurance/articles/2014/10/21/health-care-costs-expected-to-rise-in-2015-are-you-ready Pear, R., Abelson, R. & Armendariz, A. (2014). Cost of Coverage Under AffordableCare Act to Increase in 2015. Retrieved on 9th June 2015 from

The Re-emergence of Internatiol War- Was Mueller Overly Optimistic in Essay

The Re-emergence of Internatiol War- Was Mueller Overly Optimistic in the End of War Debate - Essay Example He considers that there was strong emotional opposition to war when the First World War was fought, and that by the time of the Second World War, this sentiment was so strongly advanced that war became obsolete1.Mueller’s arguments follow two perspectives. The first is the recognition that war has become much less popular, and the second is an explanation for this pattern. Both of these viewpoints are important, and it is only by examining both of these can the relevance of Mueller’s perspectives to the current world situation be understood. The term war is a word that has many uses and is defined differently depending on the situation that is occurring, and the desires of the people describing what is occurring. Understanding these distinctions is important in examining Muller’s arguments, as he uses a specific definition of war and argues his points on this basis. As an expression, war is often used to refer to any strife or conflict, whether within a state or between different states. This period of conflict may not be longstanding, and the use of the word war may be used to escalate the perception of the events. The term war is also used as a way of describing a particular campaign. For example, two well known ‘wars’ that the United States has created are the ‘war on terrorism’ and the ‘war on drugs’, phrases that have become well known since their instigation. However, the term is most relevant when used to describe a serious, extended armed conflict that occurs within a state (civil war) or between states (international war)2. One useful definition is that war is â€Å"sustained coordinated violence between political organisations†3 Muller’s argument is focused on war occurring between international bodies and he argues that major war between important states has not occurred since the Second World War, and that this long, unusual, period of peace is due to a change in the perceptio n of war. The hypothesis that major war has become obsolete does not state that war never occurs, rather that it has moved from being a viable option, to something that is only considered under extreme circumstances, meaning while it may still happen, it is rare4. There is a significant amount of evidence supporting this proposition. Since the end of the 1980s the overall level of large-scale violence has decreased worldwide, both in terms of the amount of conflicts and the number of deaths. Furthermore, within the same time period, even the prevalence of non-state conflict has decreased5. Mueller’s argument considers that peace has come as the result in of a change in perceptions, with war becoming aberrant or not considered in the same way that two men having an argument do not consider duelling one another, and how slavery is no longer considered a legitimate option6. However, war is generally not caused, or prevented by a single factor; instead there are many different re levant factors that can interact with one another7. One perspective on why international war has decreased in prevalence is that in the current era, there are many less rivalries between great powers, and therefore, the likelihood of a large scale international war is significantly decreased8. Simply put, the major states do not have as much to argue about as they once did. This is also influenced by the fact that the international

The Firms Expansion Strategies Essay Example | Topics and Well Written Essays - 1000 words - 1

The Firms Expansion Strategies - Essay Example The market expansion strategy though initially appeared like need to flex its financial muscle against its rivals but after an examination revealed critically and affirmed my learning experience that these strategies are well-calculated strategic management initiatives aimed at enhancing the company’s growth and development to expand beyond the overcrowded domestic domains. My knowledge of the companies’ competitive advantage in terms of price discounting and efficient supply chain management assisted me to gain a deeper understanding of the mechanisms of such terms that had previously only seemed theoretical and impractical. Â  The assignment therefore greatly enhanced my prior knowledge of diverse economic terms and models, thus ensuring there is more deeply entrenched in my mind. The assignment has, therefore, made me better comprehend the classroom learning to a more practical level. the research made me come to term with the real meaning of strategic management in regards to marketing strategies as well as being able to adequately read financial data to ascertain a company’s performance indexes both in the short term (quarterly or annually) and long-term (five years). The study was, therefore, a veritable learning curve for me.

Qualifications of Meaning in Advertising Images Case Study

Qualifications of Meaning in Advertising Images - Case Study Example An investigation of the interactive process instigated by cultural activity can also be seen as a "reflection on the intellectual position of certain cultures." (The English Association, 1999, p.182) Western design and visual communication is regarded as having originated from concepts of global power held by mass media and communication industries. (The English Association, 1999, p.182) By referring to Michael Halliday's concept of representing patterns of experience, visually speaking, it is suggested that what images portray is deeply related to the medium of visuality itself, and therefore a culture that is "dominated by visual signs" will communicate a different reality to one in which language is the predominate medium. (The English Association, 1999, p.182) There is a relationship between the visual and verbal texts and "the visual component of a text is an independently organized and structured message-connected to the verbal text, but in no way dependent on it and similar the other way around." (The English Association, 1999, p.182) Vivienne Westwood's image is an advertisement which focuses on selling a perfume called 'Boudoir'. (www.viviennewestwood.com) The image used in this advertisement portrays a female who is draped by purple covers and her body structure suggests her sleeping on a sunset sky. (www.viviennewestwood.com) The predominate colors are soft purple, yellow and blue. According to Michael D. Harris: "Images and symbols can convey meaning centrifugally by using concrete, physical information to evoke understandings within the viewer". (Harris, 2003, p.253) Through the images conveyed in Westwood's advertisement, it can be argued that the u se of covers and soft colors symbolize calm, sensually stimulating atmosphere, in which the reader is able to understand its connection with her perfume called 'Boudoir', or bedroom in English. Similarly, the advertisement provides the audience with a visual stimulus that is linked to sexuality, which is in turn an emotional stimulus. (Web/Online) As Westwood's image is analyzed, it is easy to understand that the sexuality concept is largely emphasized with the woman figure floating on air, naked and wrapped in bed sheets. The sexual feelings sent out to the audience through a semi-naked female stresses the "nature" style of the product. (Web/Online) The colors yellow, blue and purple contrast the relatively smaller bottle of perfume situated on the far right corner of the advertisement. The basic principle of advertising "requires that an advertisement should SURNAME, 3 first draw attention and interest then desire and action". (Web/Online) Thus, the visual language being employed by Westwood's advertisement is one of a sexual nature. The significance of the image or what its connotation implies is one of a private and sensual feeling that can be attained through the use of the perfume. Moreover, the language used in the advertisement, which is seen in bold white upper-case font, is the title of the perfume, 'Boudoir'. The title itself works through its own means as well as within the picture. For example, 'Boudoir' is part of the French language for

The Water You drink Essay Example | Topics and Well Written Essays - 250 words

The Water You drink - Essay Example This is done by the Aqua Viva Water Treatment Facility which also treats surface. This water is drawn from a number of springs, wells and mine sites. This water is then blended with surface water and disinfected before being distributed in the water system (Towne 123). An assessment conducted on the land uses revealed that the use of these lands poses low levels of risks to both ground water and Main canal water. Though water services department of the city of Yuma treats all water it provides, it is not responsible for amount of lead to them because it does not have the power to control the plumbing techniques used. Despite the high quality the water still has low levels of microbial contaminants, radioactive contaminants and inorganic contaminants (ADWR 23). Works cited Arizona department of water resources (ADWR). Assured and adequate water supply applications. Project files. ADWR Hydrology Division. 2008. Towne Douglas. Ambient groundwater quality in Yuma basin: a 1995 baseline s tudy, ADEQ Open File Report 98-7. Yuma County. 1998. Water Services Department of the City of Yuma. Annual water report: water testing performed in 2010. Water Services Department of the City of Yuma. 2010.

Alternative methodology Essay Example | Topics and Well Written Essays - 500 words

Alternative methodology - Essay Example Scientific theory is usually objective, while the constructivist approach is mostly subjective. This paper aims to identify the ways in which the study would have been different if the researchers had taken the scientific theory or positivist approach as opposed to the constructivist approach used. This difference will be identified by focusing on the epistemology, ontology, methodology and the effects of the theory on the data generated and inferences used. According to Gialdino (2009), epistemology is the approach that the researcher takes to the study based on the theory being used. As already identified, scientific theory usually takes on the objective construct, while constructivist paradigms usually involve subjectivity. The objectivity or subjectivity of the researcher is the epistemology of the research. In the case of Swain and Hammond (2011), it is evident that the research took a subjective view, which means that the researchers used the constructivist approach. In this case, if the researchers had taken the scientific approach, the research would have been different. In the scientific approach, the researchers remain objective and try to eliminate bias from the research. The ontology of research is a concept that deals with the relationships between different aspects of the society, and is different in both scientific and constructionist approaches (Hein, 1991). In the constructionist approach, researchers consider that there is no true knowledge, that knowledge is interpreted differently by different individuals. Since the constructionist approach is usually qualitative, it differs from scientific research in its ontology. If the research by Swain and Hammond (2011) had taken a scientific approach, the ontology would have been differentiated. Scientific or positivist paradigms use knowledge as the goal of

Cultural hyrbidity Essay Example for Free

Cultural hyrbidity Essay The fusion of cultural and ethnic identities refers to hybridisation. Most people acknowledge that they can be affiliated with an individual culture. Banton (2000) notes that in the contemporary UK ethnicity is becoming increasingly recognised as something everyone has. 1 Common interests or shared values help form and develop cultural attachments (culture, descent, ancestry, religion, languages, food and traditional values) which in turn develops and forges ethnic identities. Migration of ethnic minorities has stirred some of the UKs population into feeling the British national identity is under threat. Hybrid identity can be attributed to the exchange of culture through globalisation. Sheila Patterson (1965) studied first generation migrants in Brixton, London during the 1950s. Her study involved interviews, observation and participant observation with 250 whites and 150 Afro-Caribbeans. Patterson (1965) believes the relationship between hosts and immigrants as not fixed but evolving all the time; Whilst adaption through socialisation and acculturation was difficult for immigrants, the hosts experience was a more passive form of acceptance. 2 Eriksen (2002) points out that no serious scholar today believes that hereditary characteristics explain cultural variations. 3 Patterson (1965) also states the incoming group as a whole adapts itself to permanent membership of the receiving society in certain major spheres notably economic and civil life. 4 Pattersons final stage of adaption is assimilation, where migrants or minority groups achieve complete acceptance in society. Patterson observed that physical amalgamation may lead to distinctive features of migrant groups and that of their hosts to be lost. Patterson found the progress of the West Indian migrants in Britain was limited, there was still opposition to the employment of West Indians by white workers. 5 Nick names and jocular references resulted in conflict. A rise in the number of West Indian landlords and the acceptance of West Indian tenants did however help alleviate housing problems. Racism existed with some shops refusing the custom of ethnic minorities due to the colour of their skin. Social relationships between migrants and hosts existed but only on a casual contact basis. Patterson (1965) noted that some of the West Indians had adopted the British way of life however, there were few inter-racial marriages. Paterson concluded over the next decades in Britain the West Indian migrants and their children will follow in the steps of the Irish and achieve almost complete assimilation into British Society.

Laura Ashley | Analysis

Laura Ashley | Analysis Laura Ashley, one of todays most recognizable fashion and home furnishings brands was founded by Laura and her husband Bernard Ashley. Their initiative enjoyed huge success on and by 1970 when sales had reached  £300,000 and a large number of shops were opening. Licensing operations brought about the opening of department store concessions in Australia, Canada and Japan in 1971, while further shops opened in Paris and San Francisco in 1974, and UK shop openings continued with a vengeance. The Company was listed to the Alternative Investment Market of London Stock Exchange on 5 December 1985. (Laura Ashley Official Website, 2009) 1.2 Business Summary Laura Ashley Holdings plc is engaged in the design, manufacture, sourcing, distribution and sale of clothing, accessories and home furnishings. The Company has four divisions: Home Accessories (30%), Furniture (28%), Decorating (23%) and Fashion (19%). (Laura Ashley Osiris Financials, 2009) It operates through retail and non-retail operations. Retail operations include Laura Ashleys managed stores, mail order and E-commerce, while non -retail operations include licensing, franchising and manufacturing. As of January 26, 2008, the Companys property portfolio in the United Kingdom included 208 stores, with three principal store types: mixed product stores (selling all product categories); home stores (selling the full range of home products), and 31 home concession stores. (Laura Ashley Annual Report, 2009) 2 PESTEL ANALYSIS 2.1 Political Factors The Political situation of a country emphasizes on: Role of government Its impact in a company or firm The UK government makes sure that the market is open to fair and healthy competition thus appointing regulating bodies such as ASA, Competitions Appeal Tribunal, Competition Commission, Department for Business, Enterprise Regulatory Reform and many others to monitor the actions and policies of companies. At the same time, they are willing for people to invest in the current economy to climb out of the economic depression and hence provide incentives such as VAT relaxation, transport subsidies and high investment returns to make businesses more profitable1. The rapid development of the UK markets and the tightening of trade barriers in many European countries have created an opportunity for local companies. The maturity and the slow growth in the UK clothes retail sectors for female population and furniture and home decor have made Laura Ashley look for new investment ventures. Recent reports suggest that many household brands are planning to shift their focus on Mens Fashion markets where consumers, with growing disposable incomes, are keen to spend. Even though the political conditions are favourable, there still might be some legal barriers left for expansion to be profitable. Even though countries like UK and France have tightened trade barriers they are still cautious that foreign players will provide tough competition to become a market leader. Furthermore, it is expected that UK will tighten foreign investment laws, thus creating problems for international brands who seek expansion here. (Fuller Arnold, 2007) 2.2 Economical Factors The economys current state of recession is placing a heavy toll on all businesses. According to recent reports Laura Ashley store sales fell 6.2 per cent in the 53-week period despite total UK store sales jumping 10.8 per cent and internet sales rocketing 65.4 per cent. Laura Ashley said that since December, gross margins had come under pressure due to the continued deterioration of the UK economy, its impact on the retail sector and consumer confidence, the weakness of sterling and increased promotional activity (Harrison, 2009). Despite the volatile economy, Laura Ashley is in a strong position because their products have very high perceived value from their customers. Their highly differentiated merchandise and the loyalty of their customers can sustain them even in the economic recession. When the economy falters, consumers simply buy less and may move a greater share of their wallet to less-stylish and lower-cost offerings from deep discounters like ASDA or Tesco. Laura Ashley i s particularly susceptible to these conditions because their products are mainly in the upper price range. Expansion in the targeted market will provide the firm with more sustainability if they may endure down turns in any other product. (Laura Ashley Annual Report, 2009) 2.3 Socio Cultural The UK market for clothes is changing. The focus on design is growing, and as a consequence there is a trend for customers to express themselves with the look of what they are wearing. In addition, figures point that this particular demographic is growing (Datamonitor, 2008c). Laura Ashleys textile products are specifically tailored to cater for this demographic and their understanding of the buying patterns of UK customers, both for clothes retail products and furniture products bringing sustained benefits to the company. Trend exist in the UK market that young people between 20-40 patronize UK a lot and prefer to buy products which carry a local label rather than opting for a foreign brand. In addition, to their good grasp of the demographics of the UK market, Laura Ashley try to follow the success of franchises such as Topshop, Esprit and Zara by switching their focus from traditional wear and introducing more fashionable clothing. To what extent they succeed is debatable, as Laura Ashleys products are moderately priced, unlike the low price offered by the likes of Topshop, Espirt and Zara. (Beatty, 2003) 2.4 Technological Technological changes over the last few years have made a significant impact on the way firms do business and on the products and services as well. (Barney Hesterly, 2008) As with other retail business operators, the Internet, and more precisely, online shopping creates opportunity for Laura Ashley to expand their market share. According to recent financial reports, Laura Ashleys good online shopping service has brought them significant financial benefits even in the period of global recession. Customers have become more and more accustomed to shopping from home, and this is especially true for the companys fashion products Keeping in mind that the targeted market is mostly students and working professionals who dont get time from their activities so very often, it provides an efficient and profitable way to market their portfolio to these people. Sales at Laura Ashley jumped 8.4 per cent since the beginning of 2009, mainly due to an 11% increase in online and mail orders. (Retail W eek, 2009) 2.5 Environmental UK is seen as a leading player in combating the issue of adverse climate changes all over the globe. And to maintain reputation and address the issues there are numerous measures it has taken over the years to make operations in the country eco-friendly. Companies such as Laura Ashley are no exception. The carbon emissions from their manufacturing plants as well as the transportation system are closely monitored, as is the case with every other company. The same mindset is found in the people specially the generation which is coming up as they are witnessing the drastic changes and getting affected by it. Laura Ashley is respected as one of the most responsible Fashion manufacturer. Laura Ashley is one of the pioneers in going green. In fall 2007, the firms CEO unveiled an environmental strategy that includes the use of renewable energy systems at logistics centres including the introduction of biodiesel for the firms trucking fleet. It gives a lot of attention to sustainable managem ent of all its operations. This factor serves as an added value factor for the company to attract more consumers as well as maintain the loyalty of the customers. 2.6 Legal The legal system of UK is very consumer friendly. It provides little or no assistance when we talk about retailers. As per the legal system, a customer can return the purchased goods within a specific time period which is offered by every retailer as a mandatory requirement (Office of Fair Trading, 2009). So many retailers see a lot of returns coming back, hence reducing the sale margins. The staff that is employed has to be paid a National minimum wage as per the legal system and there are complex contractual legislations in place which give an upper hand to the employees. As an employer and as a business, there should be proper health and safety rules in place to protect the workers as well as the customers, failure of which can lead to legal lawsuits which is becoming a common trend nowadays. But since the origins of the company are Welsh, it doesnt find it difficult to cope with these legal issues in place and have showed extreme employee satisfaction, both, in terms of job as well as working conditions. The large base of loyal customers speaks for itself about the treatment they have given to their customers over decades. 3 SUPPLY CHAIN MANAGEMENT 3.1 Criteria for Selecting New Suppliers Quality: Quality is one of the major issues that would be kept in mind while selecting potential suppliers. To generate more profits, Laura Ashley need to provide more value for money and this could be done by improving the quality of their products. It is so often said that people and organizations alike are measured by what they create and what they do and this is no different in this case. This also enables to compete with high value brands and men might opt for Laura Ashley if the difference in quality is not that significant. It is not only limited to the quality of the product but also includes the services which they provide to Laura Ashley and making sure that standards are met in accordingly. Speed: This is important to meet customers demands on time. In busy periods like Christmas and Easter, there might be a surge in volumes expected and the supplier should possess the ability to meet those demands Dependability: Dependability is taken to be a more important attribute than performance. And arguably the most important criteria when selecting a potential supplier. Suppliers should be have Availability: The ability of the system to deliver as and when services requested e.g. surge in volumes Reliability: The ability of the system to deliver services as specified e.g. in a particular region Safety: The ability of the system to operate without catastrophic failure e.g. through bad economic conditions Security: The ability of the system to protect against accidental or deliberate intrusions e.g. factory fire Flexibility: As said in old times, flexibility comes with time. In this business, it is meaningless because your first impression is the last impression. The potential supplier should be flexible enough to provide Product service: Ensuring that they cater all the service requests put forth by Laura Ashley Product Mix: Ensuring that they have enough variance and diversity in the materials that they supply e.g. to cater different age groups Volume: Can cope with times when demand is high and can hold thought he periods when the demand is low e.g. economic recession Delivery: Ensuring that delivery is done when and wherever required. There might be outlets in cities where they dont have a distribution centre. So the supplier should have enough resources to deliver to those areas. Cost: As said before, the supplier should be cost effective. There should be if not favourable then perfect balance between the cost and the quality of the supplies. If the supplier has high costs, then automatically the profits margins go down. Having said that, it is also not expected that there should be a big compromise on quality to bring down the cost. Location: Since Laura Ashley is a global brand, it has its processing outlets in various locations. Suppliers should be able to cater all locations and if not, then should have other contractors who meet the same standards to serve those locations. Transportation: The supplier should make sure that it has sizable fleet to transport the supplies. Reliance on private services is not secure as there might be events which could lead to disruption in supply e.g. recent air strikes by BA, volcanic eruption causing air traffic to a halt. The potential supplier is expected to see through these and other kinds of threats that might lead to cut supplies to Laura Ashley. JIT: This is another vital factor in choosing a supplier. JIT refers to Just in time which means that processing centres are supplied whenever there is a need. The main aim of this selection criterion is to reduce the amount of money that is being spent to buy raw materials. This allows Laura Ashley to invest whenever there is a change in trend or if they want to invest in some other business venture. Expenses are cut further down by having less storage space, less staff wages and more importantly less losses that occur to stored raw materials. Diversity: The supplier should be able to realize the fact that UK is a very diverse country and people from many countries from all over the world come here to work, study and visit. Every country has their own fashion trend which in many cases is related to what they wear e.g. in Russia people prefer to wear warm clothes as they experience a very harsh and long winter whereas people from Pakistan may like lighter and more relaxed clothing as the temperature is very pleasant. So there is a diverse mix of fabrics that can be required and the supplier should be able to provide this. 3.2 Supply Chain Diagram Internet Fashion tips. Display ideas, Young Enthusiastic Staff, Refunds and Exchanges Orders delivered on time. Central Distribution centre designed around product delivery Control, Coordination, Accessories Outsourced, Pre cut Fabric Packs, Quick Response, Low Cost, Quality Control Low Level Stock Holding. Forecasting can be done easily Replenishment Fabric Acquired in different colours and types Customer Services Management Value Delivery: Distribution Manufacturing Order Assembly and inventory management Procurement Product Specialisation Design 3.3 Suggestions for type of supply chain management A 5% reduction in costs can have the same effect on the bottom line as a 25% increase in turnover (Chris Hicks, 2009) External Supply chain management (ESCM) which involves relationship with other companies: relationship with customers through market sales and relationship with suppliers through procurement. Internal supply chain management (ISCM) which involves different businesses, manufacturing units and departments within one company. For a company like Laura Ashley, it is beneficial to adopt an external supply chain management system. The advantages of adopting this outweigh the disadvantages significantly. The first and foremost advantage is that of cost. Operating in ESCM, Laura Ashley doesnt have to employ permanent or contracted staff in the same capacity as it would do in ISCM. There would be less tax payable and operating cost would be reduced considerably. Secondly, selecting potential suppliers according to the factors previously discussed, the business would benefit from flexibility, dependability and would be more diversified. Lastly, the company can go on to have healthy relationships with other industry partners and future alliances are a viable option. On the other hand, ISCM has its own advantages. It would provide Laura Ashley with more independence. Dependability on suppliers would be reduced. Everything done in-house would also reduce the cost but not to the levels ESCM would do. Also, reliance on external sources would decrease. But keeping in mind the fact the current economic conditions, there are few companies who can afford to take the burden of operating in ICSM. Employee wages, benefits, operating costs, taxes and increasing competition in market has made it difficult to sustain as one big unit. (Douglas Lambertz, 2005) 4 PORTERS FIVE FORCE ANALYSIS 4.1 Threat of Entry The clothing and furniture market in the UK is very competitive, with low entry and exist costs. Even though growth is on a decline, the clothing and furniture market in the UK is very lucrative for new entrants due to the low entry costs and the lack of significant investment required. (Datamonitor, 2008c) Even though the threat of entry is generally high, Laura Ashleys differentiated products create a barrier of entry for new consumers. The product differentiation of Laura Ashleys merchandise, especially with regard to their furniture, is valued very highly by their customers. This type of product differentiation is often quite hard to imitate by new entrants and thus the threat of entry for Laura Ashley is substantially lower than for other players who sell less differentiated product. (Barney Hesterly, 2008) In addition, Laura Ashley was founded in 1953, and for most of their existence they have been among top market performers. In those 6 decades they were able to gain the approval of multitude of repeat customers this creating excellent brand reputation and customer loyalty. This represents an additional barrier of entry for new players in the market. (Laura Ashley Annual Report, 2009) 4.2 Threat of Rivalry The UK market is highly fragmented with a generally slow industry growth. That leads to extremely fierce competition, as many companies are battling over market share. The industry is characterized by frequent price cutting by firms, intense advertising campaigns and rapid competitive actions and reactions in the industry. (Laura Ashley Annual Report, 2009) Laura Ashleys ability to differentiate their products enables them to demand a higher price of their products and not be caught in the price war. As long as they can maintain the high value perception of their products and continue to be lead differentiators in the furniture market the threat of rivalry will be relatively low, considering the turbulent market. (Barney Hesterly, 2008) In the clothing market Laura Ashley attempts to diversify its products by including more fashionable clothes, suited for the younger demographic. However, this strategy may be construed as risky because it endangers the customer perception of the brand. (Beatty, 2003) 4.3 Threat of Substitutes Laura Ashley is relatively safe from substitute products because their products are already different in the perception of their customers. It is hard to substitute a highly differentiated product. (Barney Hesterly, 2008) 4.4 Threat of Suppliers Laura Ashley is a very big customer for its suppliers therefore they can enjoy a very safe position with regard to the threat of suppliers. Whereas, for suppliers Laura Ashley is a big an important customer, for the company itself it is quite easy to switch their supplier. That enables them to demand better prices and quality from their supplier. (Datamonitor, 2008c) 4.5 Threat of Buyers The threat of buyers in the market is very high, and even though Laura Ashley is in a better position than less differentiated competitors, there is still a lot of rivalry even in the high value high price market niche. In addition there is no added cost in the industry for the customers to change their supplier. (Datamonitor, 2008c) 5 BUSINESS RISK ANALYSIS The technique to identify risk and assess factors jeopardizing the success of the project or obstacles in achieving goals is known as Business Risk Analysis. This also helps in the identification of measures to diminish the probability of the occurrence of these factors and recognize countermeasures to deal with these constraints effectively. In case of Laura Ashley, the following risks have been identified that the market will face with the desired strategies to overcome them. Competition: Competition from rival brands is the biggest threat that Laura Ashley has. Brands such as Primark and Madhouse have outsourced their production to cheaper countries like China and Bangladesh. This has enabled men to buy cheap clothes and be fashionable at the same time. This can only be eliminated by competing with them on cost effectiveness and providing more value for money. Some part of the production line can be outsourced by Laura Ashley to compete in this regard but the question remains if that would stand up to the quality standards of Laura Ashley and would it continue to have the same brand value. Lack of skills: The UK market currently has a shortage of technical expertise. The times ahead see UK as dependable on foreign expertise influentially from Asia. This poses a risk as Laura Ashley might have to pay high salaries and benefits to attract engineers, designers and workers from abroad. Training people and nurturing talent is a sensible way to cater the future demand of experts in this field Loss of assets: Assets might be lost to any unseen circumstances. Companies such as BP have suffered huge losses in past five years due to fire and inadequate measures to control them. This is the reason that the red tape industry in UK emphasizes so much on Health and Safety and hence precautions have to been taken which are costly and reduce the efficiency. With proper SHE analysis, this can be reduced and there should be enough packaged finished product in stores to meet the demands. Suppliers: Suppliers can be a benefit to Laura Ashley as well as a threat. With better quotes from rival firms they can bring about changes into the supply chain leading to a fall in retailing. Examples of this includes Next and Marks and Spencer who experienced this in 2007 (Datamonitor, 2007) and saw a steep fall in sales. The risk can be reduced by having more than one supplier at a time, making them compete for orders and ensuring supply as well. Production delivery failure: Failure to produce the volumes in time would see customer dissatisfaction which could end up in lower turnover. Contractors can be arranged to ensure that whatever is produced is delivered on time and there are no delays from the production line to the outlet shelves. High maintenance cost: Maintenance of retail outlets, production facility, and delivery fleet and storage houses is very important. If not properly maintained, this can incur heavy losses. Yearly or half yearly checks should be carried out to ensure the assets are running in good condition. Financial instability: The economic downturn has seen many retail outlets close e.g. Woolworths. In this period of financial depression, people might stop spending and hence affect the revenues generated. By keeping varied fashion items targeting different sections of age groups, sales can be increased e.g. providing fashionable clothing for 25-30 year olds, Formal suiting and shirts for 30-40 year old and a more sober and decent wardrobe for 35-45 can attract more customers. Also introducing accessories to complement clothes such as scarves, ties, cufflinks and under garments can increase sales. Outsourcing: Many rivals have outsourced their entire production line. This has led to very competitive market conditions. Retailers such as BHS and Primark rely heavily on this. They make use of cheap labour in foreign countries and so can sell at better rates than Laura Ashley. To overcome this problem, It is suggested that Laura Ashley may outsource some of its production line in order to compete on level terms with other retailers. Changing Fashion Trends: Fast changing trends has made people spend considerably less at any given time. Considering the fact that it is 25-45 age group that Laura Ashley is targeting, fashion changes very quickly in this particular and people falling in this category are more conscious about this fact. It is not deemed a good practice to stock up shelves with a monotonous style of clothing. Introducing fashionable clothing at regular intervals would serve as an attractive factor for customers. Environmental: Weather plays an indirect role as a threat. Extreme wintry conditions see less people buy less fashionable clothes and inclination increases towards over coats and jackets. As mentioned before, keeping a variation of retail products in outlets can nullify this risk. Introduction of seasonal collection earlier than other retailers can lead to a strong selling trend and at the same time build a strong customer base. There are several other risks involved which dont affect the market directly but they do have an effect. Sliding value of the Sterling Pound, rising inflation, higher bank interest rates and non-availability of finance in the market also disturb the economic balance and lessening the buying power of the customers. These risks are arguably common to the market rather than to a particular retailer and hence have a lesser effect than the rest. 6 STAKEHOLDERS The primary secondary and tertiary stakeholders of Laura Ashley are identified as: 6.1. Primary Stakeholders Owners and shareholders Managers Employees and staff 6.2. Secondary Stakeholders Customers Suppliers Distributors 6.3. Tertiary Stakeholders Government (national and local) Local community Suppliers of suppliers Stock market Competitors 6.4. Expectations of Primary Stakeholders: Owners and shareholders of Laura Ashley have a distinctive financial interest in the companys performance and growth. They have their money invested in the company and foresee its growth and expect good returns on their investments. Shareholders expect returns in terms of the higher resale value of the shares and expect substantial dividends. Whereas, the owners expect their company to grow and perform well against the competition and increase its market shares. Managers, as internal stakeholders, want higher incomes, more powers and freedom in terms of decision making, planning and control of operations. In other words they demand higher degrees of responsibilities as they have and additional duty of sustaining the health of the organization by meeting the demands of shareholders and employees. Employees and staff are one of the prime stakeholders of any organization. They look up to the organization for better incomes, job security, promotions and growth prospects, good working environment, fringe benefits, opportunities personal growth and training. 6.5. Expectations of Secondary Stakeholders: Customers of Laura Ashley expect quality products and services. They demand value for their money, certain supply of goods, variety of products and designs, truthful and comprehensible information about the products, services and customer policies. Also, they expect Laura Ashley to be an innovator in the market. They look for brand prestige and brand value. They expect Laura Ashley to be a brand with high brand image. Suppliers of Laura Ashley demand regular and consistent business at good profit margins. In other words they look for a long term business relationship which such a prestigious brand. They look for increase in the volumes of the order they receive. They expect quick payments for their productions. Being the suppliers of a leading brand they expect Laura Ashley to offer them fair prices. They want the brand to prosper as it will lead to more orders. Distributors look forward to the growth of business and expansion in the geographical areas they operate. 6.6. Expectations of Tertiary Stakeholders: The government wants all kinds of taxes (both central and local) flowing in to its reserves from the businesses; which include VAT (Value Added Tax), Corporate Tax, Import duties, Business Rates etc. The government demands Laura Ashley to adhere to the corporate laws and abide by the legislations aimed at consumer protection, welfare of employees and the local community. The government also expect the company to comply with the laws aimed at environment protection and efficient use of resources. The government wants Laura Ashley to prosper as it will help in creating more employment opportunities. Also, the growth of Laura Ashley would contribute to the national economy. The local community look forward to the company for significant number of jobs for the local residents. They look forward to Laura Ashley to be an ethically sound company. They expect the company to safeguard the environment and avoid creating pollution (noise and land). They expect the company to work for the development of the society and show a social responsible behaviour. The community also wants a thriving business from Laura Ashley, as it would give a push to the local businesses. The suppliers of suppliers can be pointed out as the stakeholders as they want consistent business. The rise and fall of stock market depends on the performance of the companies. Therefore people in the stock market want big companies to perform well as it will have a positive impact on the whole market. Competitors are corporate stakeholders with a claim to fair treatment (Green, 1994). In markets with saturated customer base, business expansion may seem to be possible only at the expense of competitors success (Spence et al., 2002). Thus, competitors impact the way a business is run. 6.7. Vision Statement Our goal is to add value to the lives of: Our employees by providing equal opportunities of growth, Our shareholders and business partners through lucrative growth and innovation, Our customers, by providing them value for their money, quality products and excellent service, Our suppliers and sub-suppliers through fair and ethical trade, The people around the world by striving for a cleaner, healthier and greener environment and a better world to live in with equal opportunities for all, 6.8. Mission Statement Our aim is to deliver a sensational shopping experience offering the finest range of menswear, highest standard of service and top quality products. 6.9. Social Compliance Policy There should be a clear and distinctive Social Compliance policy of any company as it helps to reinforce the trust of stakeholders in the company. For the suppliers to be qualified as the business partners with the company, they should make sure that they implement ethical practices within their manufacturing facilities. They should not employ child labour. They should provide their workforce fair wages, hygienic, clean and safe working conditions. Also, they should ensure that they are not damaging the environment in any way. The suppliers should ensure that their sub-suppliers are following the same ethical and environmental practices. 6.10. Conclusion Laura Ashley Holdings has faced the difficulties of the current economic conditions, resulting from the all-so-famous credit crunch. The company was particularly hit by the decreased consumer spending and the fluctuations of the Pound sterling. Still, it managed to stay flexible and competitive thanks to its healthy financials, mainly in terms of the fact that no assets are financed by debt, and the successful strategy of differentiation, store utilizati

Essay --

Breast Cancer As defined by Majure, breast cancer is an â€Å"uncontrolled growth of abnormal breast cells† (Majure: 110). It is also one of the cancers that women fear the most. Not only do women get diagnosed with breast cancer, men do too. However, it isn't as bad, or as common, in men as it is in women so doctors don’t recommend screening for men. In the U.S more than one thousand men get affected by breast cancer every year and about two hundred thousand women are affected by breast cancer every year. Women are most likely to get diagnosed with it in their forties and fifties while some may be diagnosed with breast cancer in their twenties, if they started their menstrual cycles at an early age like 14. Typically, men are diagnosed with breast cancer in their sixties or seventies. Historically speaking breast cancer has been around for hundreds of years. Thankfully the treatment has improved. Patients who get the cancer removed and take care of themselves after, for example, by exercising and eating healthy, will live longer. There are many risks that increase the likelihood of developing breast cancer, for instance, age, family history, and race. A women who made history with breast cancer was Betty Ford, Betty was one of the first lady’s to speak openly about her disease. Betty encouraged women who have been affected with the disease to go to their doctor as soon as possible and told women who had shared that they didn’t have breast cancer to do self breast exams regularly and get mammograms. She also said when women get diagnosed with it don’t be embarrassed. Treatments in the past were pretty good and quite the same compared to the treatments given to people now, for instance, mastectomy’s which was the primary... ...lso recommend that their patients get an x-ray for the untreated breast as well. Doctors and patients are relieved quite a few times because a majority of breast cancers don’t recur, yet minorities of breast cancers do recur after several years. This is why doctors encourage their patients to come to their follow-ups. Doctors aren’t really sure that if the disease doesn’t recur in a few years it doesn’t mean it won’t. This cancer is slow growing so the disease may recur in about 10 to 20 years; however time does affect the likelihood of recurrence so if there are no signs of the cancer in the x-ray then there is a chance the disease won’t recur. Doctors and medical professionals can offer only so much support and every woman who has been diagnosed with is deals with the consequences of treatment and diagnosis no matter how strong she is needs emotional support.

Bioterrorism: The Medical Response and Treatment Essay examples -- Bio

Bioterrorism is the terrorist act of manipulating natural components to sabotage an enemy. It has been around for thousands of years, but in different forms. To take a case in point, the article, â€Å"History of Bioterrorism,† states that the Assyrians poisoned the well of their enemies with rye ergot in the 6th Century B.C. More recent examples of bioterrorism include the anthrax inhalation from received mail in 2001 (Office of The Surgeon General). Although these are only recorded acts, there is a whole other story to what should happen once a victim is diagnosed with any type of bioterrorism and what treatment they should undergo, if one exists. For example, the medical response and treatment are different for anthrax, smallpox and tularemia. The medical response and treatment depend on the severity of the case and the type of bioterrorism. There are many factors that play into how a situation should be handled. For a start, the initial approach to a bioterrorist scene determines the outcome of the fatality of the situation. Also, the technique used to spread an infection is vital because it determines what method would be the best as a counter attack. For example, Robert Bourke states in his book Counter-Terrorism for Emergency Responders that, â€Å"vapor release from nerve or blister agents will require greater isolation and downwind distances [versus] a liquid spill,† (338). Another important factor to better the situation is distance and detection devices. First emergency responders should keep their distance for their own safety; â€Å"detection devices . . . will help in determining presence of agents and assigning isolation and evacuation distances,† (338). Bourke notes that, â€Å"the best method of detection for fir... ...orks Cited Burke, Robert. Counter-Terrorism for Emergency Responders. 2nd ed. Florida: CRC Press Taylor & Francis Group, 2007. Print. "Communicating in the First Hours Bioterrorism Agents." Bioterrorism Agents. CDC Emergency Risk Communication Branch (ERCB), Division of Emergency Operations (DEO), Office of Public Health Preparedness and Response (OPHPR), 14 May 2007. Web. 22 July 2012. . "History of Bioterrorism." Chronological. Office of The Surgeon General, Department of the Army, 1997. Web. 22 July 2012. http://www.bio-terry.com/HistoryBioTerr.html .Khardori, Nancy., ed. Bioterrorism Preparedness. Fedral Republic of Germany: Wiley- VCH, 2006. Print. Schlossberg, David. Medical Interventions for Bioterrorism and Emerging Infections. Pennsylvania: Handbook in Healthcare Co., 2004. Print.

The Mystery of Edwin Drood by Charles Dickens Essay -- essays research

â€Å"It has often been remarked that woman have a curious power of divining the characters of men†(75). This quotation from The Mystery of Edwin Drood by Charles Dickens reflects the opposite of what a typical Dickensian society is supposedly based upon. In this standard society, the plot would be based around the life of a dominant male. Although the title reflects a male name, the movement in the novel is directly related to the exploits of a particular character, Rosa Bud. Fondly called Rosebud by her peers, she is the apple of every man’s eye and the envy of every woman’s. She takes control in the plot not because she evidences forceful or masculine qualities, but because the powerful characters in Cloisterham, males, are all in love or feel a kinship to Rosebud. The power is therefore transferred into her hands as a result of her ability to influence these characters through their love and admiration for her. Attending school at a nunnery, Rosa’s female friends rarely have any contact with men. Through her betrothal to Edwin Drood, Rosa is the only woman within the nunnery that has a man to court her. She is the only woman mentioned, in the nunnery, that is going to be married off to a man, not God. Rosa capitalizes on this situation by leading the other girls in the nunnery to be her â€Å"poor pets†(118). She realizes that the girls as well as the head of the school, Miss Twinkleton, who describes Rosa as her â€Å"pet pupil†(14), look at her to be the embodiment of romance because of her prospective marriage. Miss Twinkleton and the girls live their love lives through Rosa, â€Å"over her shoulder†(51). Rosa feeds into the situation by making sure that the girls are watching her and letting Edwin know that they â€Å"must get married . . . the poor girls would be so dreadfully disappointed† (17). She uses her power over Edwin, which is given through l ove and devotion to her and both of their parent’s wishes for them to be married, as a way to stay in control at the nunnery. She is the object of the gaze to all of the girls and Miss Twinkleton, â€Å"nothing escapes their notice†(18). Realizing that she is the object of their gaze, she remains in control by showing the girls what she has with Edwin from afar. The girls are under the impression that Edwin and Rosa are in a perfect relationship when, in actuality Rosa decides that they have to â€Å"pretend that you (Edwin) are engag... ...t can be said from the information gathered that Rosa tries to keep bits of information from people so that she is the only one that has all of the control. The squabble that occurs between Neville and Edwin is a result that Neville feels that Edwin does not appreciate Rosa and his â€Å"good fortune that is not by any means necessarily a result of his good merits†(60). Neville has affection for Rosa after just meeting her a few nights ago. The argument results in Neville flinging his â€Å"dregs of wine at Edwin Drood†(61). This scene reflects Rosa’s ability to take new people that come to Cloisterham and get them to instantly feel a kinship to her. She has the capacity to force Neville into â€Å"rising in a fury†(61), after just recently meeting him. The plot line in The Mystery of Edwin Drood, although written in the 19th century, reflects the life of Rose Bud. Though she does not appear to be the main character in the novel, the plot revolves around her actions and opinions. Her secrecy about certain things to different characters enables her to accomplish this. Every other character’s fascination with her makes it easy for her to make allies and create confidant, all working in her favor. The Mystery of Edwin Drood by Charles Dickens Essay -- essays research â€Å"It has often been remarked that woman have a curious power of divining the characters of men†(75). This quotation from The Mystery of Edwin Drood by Charles Dickens reflects the opposite of what a typical Dickensian society is supposedly based upon. In this standard society, the plot would be based around the life of a dominant male. Although the title reflects a male name, the movement in the novel is directly related to the exploits of a particular character, Rosa Bud. Fondly called Rosebud by her peers, she is the apple of every man’s eye and the envy of every woman’s. She takes control in the plot not because she evidences forceful or masculine qualities, but because the powerful characters in Cloisterham, males, are all in love or feel a kinship to Rosebud. The power is therefore transferred into her hands as a result of her ability to influence these characters through their love and admiration for her. Attending school at a nunnery, Rosa’s female friends rarely have any contact with men. Through her betrothal to Edwin Drood, Rosa is the only woman within the nunnery that has a man to court her. She is the only woman mentioned, in the nunnery, that is going to be married off to a man, not God. Rosa capitalizes on this situation by leading the other girls in the nunnery to be her â€Å"poor pets†(118). She realizes that the girls as well as the head of the school, Miss Twinkleton, who describes Rosa as her â€Å"pet pupil†(14), look at her to be the embodiment of romance because of her prospective marriage. Miss Twinkleton and the girls live their love lives through Rosa, â€Å"over her shoulder†(51). Rosa feeds into the situation by making sure that the girls are watching her and letting Edwin know that they â€Å"must get married . . . the poor girls would be so dreadfully disappointed† (17). She uses her power over Edwin, which is given through l ove and devotion to her and both of their parent’s wishes for them to be married, as a way to stay in control at the nunnery. She is the object of the gaze to all of the girls and Miss Twinkleton, â€Å"nothing escapes their notice†(18). Realizing that she is the object of their gaze, she remains in control by showing the girls what she has with Edwin from afar. The girls are under the impression that Edwin and Rosa are in a perfect relationship when, in actuality Rosa decides that they have to â€Å"pretend that you (Edwin) are engag... ...t can be said from the information gathered that Rosa tries to keep bits of information from people so that she is the only one that has all of the control. The squabble that occurs between Neville and Edwin is a result that Neville feels that Edwin does not appreciate Rosa and his â€Å"good fortune that is not by any means necessarily a result of his good merits†(60). Neville has affection for Rosa after just meeting her a few nights ago. The argument results in Neville flinging his â€Å"dregs of wine at Edwin Drood†(61). This scene reflects Rosa’s ability to take new people that come to Cloisterham and get them to instantly feel a kinship to her. She has the capacity to force Neville into â€Å"rising in a fury†(61), after just recently meeting him. The plot line in The Mystery of Edwin Drood, although written in the 19th century, reflects the life of Rose Bud. Though she does not appear to be the main character in the novel, the plot revolves around her actions and opinions. Her secrecy about certain things to different characters enables her to accomplish this. Every other character’s fascination with her makes it easy for her to make allies and create confidant, all working in her favor.

Critique of a Nursing Research Article

The abstract summarizers the chief characteristics of the study: job, methods, consequences, and. decision. The job was to place milk adequateness at yearss 6 and 7 to see if that was an index of what the milk supply would be at hebdomad 6 postpartum. The method used was mechanical look to originate and keep milk supply for preterm bringings. The healthy full term bringings were to feed their baby at the chest and to make pre and postfeed weighs with each eating and to document consequences. Baseline milk end product was predicted as a†°? 500ml/d at hebdomad 6. Preterm bringings were at hazard of bring forthing deficient sums of milk. Study consequences indicated that that the intercessions used during the first hebdomad is critical. J Hum Lact.21 ( 1 ) :22-30 Introduction The job about milk production is easy identified. I do experience that a quantitative attack to this survey is appropriate and the information collected will assist nurses Carolyn Reagan p. 3 understand more about lactation and the demand for early intercessions to assist bring forth and keep a good milk supply. The article does non hold a subdivision titled background but this information is enclosed in an ignoble subdivision at the beginning of the article. Three surveies were referenced with the sample size being 9-73 participants. One survey referenced used multiparous Caucasic adult females merely. Study found that it was the map of the frequence and strength of suction by the baby. Study findings suggested that milk end product for a healthy term baby ranged from 600-900g/d. In one survey 733 i‚ ± 69 g/d in another survey through the first 4 months of life. In two other surveies preterm bringings were referenced were the female parents were pumping. The sample size was 9-12 participants. The volume yielded at 2 hebdomads was 2032.5 g/w ( SD = 1736.0 ) and 2513.2 ( SD = 1748.0 ) g/wk. Method The article includes a clearly identified trying subdivision. The research inquiries are easy identified. The eligibility standard was: non-smoking ; English or Spanish speech production female parents ; 18 old ages of age or older ; participants had to be able to be reached by telephone ; no history of Thyroid or Endocrine upsets ; non taking steroids or inhalators ; program to entirely breastfeed for 12 hebdomads or longer ; pre-term a†°Ã‚ ¤ 31 hebdomads gestation weighing 1500 gms or singleton, healthy, full term baby ( 37 hebdomads gestation ) weighing a†°? 2500 gm. Written consents signifiers had to be approved by the University of Illinois at Chicago and the four take parting third attention centre in the Midwest. The consents had to be signed by each female parent prior to take parting in the survey. Appropriate processs were used to Carolyn Reagan p. 4 safeguard the rights of the survey participants. The survey was designed to minimise hazards and to maximise benefits to the participants. The sample size was equal at 92 per group which was specified in the survey. The best possible trying design was used and sample prejudice was minimized. The hypothesis is non stated which is justifiable. The research inquiries are clearly identified. In the country of informations aggregation the female parents received samples and equipment necessary for the survey. Verbal and written instructions on survey protocols were provided and each female parent had to make a return presentation on how to piece the chest pump or how to utilize the baby graduated tables. They besides had to finish a questionnaire during survey entry refering to sociodemographic informations and old breastfeeding experience, every bit good as the day of the month and clip following bringing that chest stimulation via the pump or babe was initiated. For preterm bringings th e female parents were ask to pump chest at the same time for 10 proceedingss or until one chest is no longer dripping plus 2 more proceedingss. They needed to pump at least 8 times per twenty-four hours. Then document start clip of milk look ; Numberss of proceedingss pumped utilizing a stop watch ; and the sum of milk in millilitres expressed in to a unfertile bottle. The full term bringings were requested to make prefeed weights and postfeed weights. The female parent were instructed non to alter the babes nappies or vesture one time the prefeed weight was obtained until the postfeed weight was done. They were requested to nurse 8 to 12 times per twenty-four hours. They were instructed to maintain up with the sum consumed during each eating session. The cardinal variables were operational utilizing the best possible method. The information was collected in a mode that minimized prejudice. Appropriate statistical methods were Carolyn Reagan p.5 used, given the degree of measuring of the variables, and figure of groups being compared. Consequences â€Å" Descriptive statistics were used to depict the features of the full sample and the 2 gestation groups. SPSS, version 12.0 was used for analysis. XA? was used to prove differences for nominal variable with T trials for intervals with 2 groups and 1-way analysis of discrepancy for interval variables with more than 2 groups. Following review of the histograms and trials for normalcy, the square root transmutation was selected for the dependent milk volume variable when parametric statistics are reported ( Hill and Chatterson ) Same as below. â€Å" To exam the association between milk end product for the 2 gestation groups. Spearman p correlativity coefficients were generated. Repeated-measures analysis of discrepancy utilizing the general additive theoretical account was used to analyze average milk end product over clip for the 2 gestation groups. In add-on, GLM REPEATED was computed for each gestation group to depict and find the important tendency for the several group. ( Hill and Chatterson, Date ) . Is this a direct citation? Need close parentheses. The hazard of insufficiency was determined for each gestation group, and the comparative hazard with the 95 % assurance interval are reported. XA? is reported to prove differences of Carolyn Reagan p.6 preterm and term quintiles and hebdomad 6 milk production adequateness. A significance degree of P a†°Ã‚ ¤ .05 was accepted. ( Hill and Chatterson ) Analysiss were undertaken to turn to each research inquiry. Appropriate statistical methods were used, given the degree of i‚ ±measurement of the variables, and figure of groups being compared. The most powerful analytic method was used and it helped to command the confounding variables. Information about statistical significance, consequence size, and preciseness of estimations was presented. All the findings were adequately summarized, with good usage of tabular arraies and figures. Findingss were reported in a mode that facilitates a meta-analysis, and with sufficient information needed for Evidence Base Practice. Discussion This article suggests that during the first six hebdomads postpartum the variableness of milk end product automatically expressed by female parents of a nonnursing preterm baby was greater compared to the variableness in the sum of milk transferred at chest to the healthy term baby. In one prior survey with multiparae of term babies the milk supply increased quickly over the first 14 yearss. Full term bringings milk production can run from 523 to 1124 g/d and norm approximately 812 g/d at 3 months. In the present survey, term female parents at 6 hebdomads postpartum were bring forthing a mean of 663 i‚ ± 217.5 ml/d and preterm female parents 541 i‚ ± 460.0 wk/d. Some possible account could be supplementing with expression, breast milk volume is self-regulated by baby ‘s consumption, or residuary milk end product can be automatically expressed. Carolyn Reagan p.7 For female parents of preterm nonnursing baby, 3 surveies were found that mensural milk production in female parents who automatically express their milk. In one survey 2787 i‚ ± 1939 milliliter was reported. In two other surveies the average hebdomadal milk production volume were reported with great variableness in milk production for all survey hebdomads. There were no important differences in hebdomadal milk end product that was automatically expressed for hebdomads 2 through 6 postpartum. These surveies need to be cited. You give no mention for them. In this experimental survey for each gestation group, the hebdomadal milk end product was extremely correlated, the sum of milk produced at two hebdomads correlated with the sum of milk produced in the approaching hebdomads ; no intercessions were implemented to increase milk volume. The average milk end product at yearss 6 and 7 was associated with hebdomad 2 end product and reasonably associated with hebdomad 6. The findings suggest that early intercession my demand to happen during the first few yearss postpartum. By the 4th hebdomad full term female parents milk volume continued to increase while preterm female parent ‘s milk tended to diminish in volume. In this analysis 500 ml/day in a 24-hour period was used as a lower limit for milk adequateness. The recommendation for breastfeeding nonnursing female parents is to set up an abundant milk supply the first 7-10 yearss after bringing 750 to 1000 ml/d. The female parent ‘s milk supply could decrease and she would stil l be able to feed her baby. The preterm female parent has a 2.8 times more hazard for developing an unequal milk supply than do full term female parents. The mean at 6 – 7 yearss did predict whether a female parent of a term suckling baby or nonnursing preterm baby would accomplish milk adequateness at hebdomad 6 Carolyn Reagan p.8 postpartum. Study findings suggest that intercessions that promote an equal milk supply by the first hebdomad postpartum are critical. All Major findings are interpreted and discussed within the survey ‘s model. Interpretations are consistent with the consequences and the survey ‘s restrictions. The research workers discuss the deductions of the survey for clinical pattern and the deductions are sensible and complete. The study was written in a mode that makes the findings accessible to practising nurses. The research workers ‘ clinical makings and experiences enhance assurance in the findings and their reading. The survey does lend meaningful grounds that can be used in nursing pattern or that is utile to the nursing subject.

Staff Training and Motivation at Mcdonalds

Training and Motivation at McDonalds McDonald trains almost 55,000 employees each year. Each year, it also   dedicates over A? 10 million to ongoing employee training, providing   people with valuable skills. Work experience at McDonald's is a foundation for future employability, particularly as the UK labour market continues to   evolve. With the increased demand for skilled workers, a job which   offers ongoing training with a leading organisation – is a solid   career investment. People from all walks of life credit a first job at   McDonald's with having equipped them with the ingredients for success.Staff Training McDonald's Staff Training Programme is an on-the-job vocational   experience that teaches skills transferable to other industries. All new hires begin their McDonald's experience with an induction into   the company. Staff trainers work shoulder-to-shoulder with trainees   while they learn the operations skills necessary for running each of   the 11 workstations in each restaurant, from the front counter to the   grill area. All employees-learn to operate state-of-the-art   foodservice equipment, gaining knowledge of McDonald's operational   procedures.Step-by-Step manuals and video tapes cover every detail, from how to   make a Big Mac, to how to deliver exceptional service to customers. Employees also learn how to train and supervise others. For the first time employed, McDonald's is an important â€Å"mentor',   teaching the interpersonal and organisational skills necessary for   functioning effectively on any job. McDonald's business demands   teamwork, discipline and responsibility; McDonald's experience results   in enhanced communications skills as well as greater self-confidence;   and McDonald's stresses â€Å"customer care†, and attitude which industry   experts ecognise as an essential ingredient for business success. Management Development Conducted at regional offices and corpora te training centres across   the country, McDonald's Management Development Program (MDP) continues   to develop the potential leaders which the Crew Training Programme has   nurtured. This is followed by a series of training courses designed to back up   what is learnt in the restaurant and develop management, communication   and leadership.The Management Training Centre (MTC) is McDonald's premier UK training   facility, providing a variety of business management and restaurant   operations courses to franchise and management employees throughout   the United Kingdom. The UK Management Training Centre currently puts   through approximately 1500 managers annually. The Management Training Centre runs three courses that give the skills   required by different levels of management, from restaurant shift   management to mid – management. The Basic Operations Course (BOC) equips trainee management candidates   with the skills to manage their people and run successful restaurant   shifts.The Advanced Operations Course (AOC) is predominantly for new   restaurant managers and department heads, It aims to enhance the   candidates leadership and management skills, enabling them to achieve   results in all areas of the business by working through and developing   their people. The Mid-Management Course (MMC) goes into further leadership skills   and management systems, helping these managers to effectively lead and   develop their restaurant managers. These three core courses are supported by courses and seminars run by   the Regional Training Centres. In addition, managers will work through   theaâ‚ ¬?Management Development Programme (MOP) back at the restaurant. MDP gives managers at all levels the technical and functional   management skills needed to maintain McDonald's leadership role in the   quick service restaurant industry. Manager Trainee As a Manager Trainee, you are responsible for learning and   unde rstanding McDonald's policies and procedures in order to prepare   for managing shifts in a McDonald's restaurant. The responsibilities   include, but are not limited to: aâ‚ ¬? Learning the basics of restaurant operations through on-site   training, area management and floor management. â‚ ¬? Gaining experience with attaining and maintaining customer   satisfaction. aâ‚ ¬? Developing an understanding of basic supervision, human relations,   interpersonal communication and follow-up skills. aâ‚ ¬? Establishing an Individual Development Plan to help focus on   personal career development objectives. aâ‚ ¬? Ensuring that a respectful workplace exists in the restaurant. From Manager Trainee you will move to the Second Assistant Manager   position where you actually begin to apply the skills you have learned   as a Manager Trainee. Second Assistant ManagerAs a Second Assistant Manager, you are responsible for managing   people, products and equipment to execute outstanding Quality,   Service, Cleanliness and Value (QSC;V) on all assigned shifts. The   responsibilities include, but are not limited to: aâ‚ ¬? Developing and training crew employees. aâ‚ ¬? Maintaining critical standards for product quality, service speed ;   quality, cleanliness ; sanitation. aâ‚ ¬? Managing shifts and/or areas without supervision aâ‚ ¬? Ensuring all safety, sanitation and security procedures are   executed. aâ‚ ¬? Controlling food components, labour, waste and cash while managing   shifts and or areas. aâ‚ ¬?Completing all assigned shift paperwork. aâ‚ ¬? Ensuring that a respectful workplace exists in the restaurant. The next level of restaurant management is the First Assistant   Manager. Here you will explore the business skills involved with   managing a restaurant. First Assistant Manager As a First Assistant Manager, you are responsible for assisting the   Restaurant Manager in executing virtually all aspects of the   restaurant operations. The responsibilities include, but are not   limited to: aâ‚ ¬? Demonstrating and reinforcing the leadership behaviours and basic   people standards necessary to gain commitment from crew and other   shift managers. â‚ ¬? Recruiting, staffing, scheduling and retaining employees. aâ‚ ¬? Managing the development and training of crew and shift management   employees. aâ‚ ¬? Building sales and controlling costs to deliver optimum business   results for all areas of accountability. aâ‚ ¬? Maintaining critical standards for product quality, service speed   and quality, cleanliness and sanitation. aâ‚ ¬? Controlling assigned profit and loss line items. aâ‚ ¬? Ensuring that a respectful workplace exists in the restaurant. The next level of restaurant management is the Restaurant Manager.Your performance and available positions will determine the time frame   for progression from First Assistant Manager to Restaurant Manage r. Restaurant Manager As a Restaurant Manager, you are responsible for the entire operation   of a single McDonald's restaurant, including: aâ‚ ¬? Developing and training Assistant Managers. aâ‚ ¬? Measuring external customer satisfaction and executing plans to   increase brand loyalty. aâ‚ ¬? Implementing and conducting in-restaurant new products and   procedures. aâ‚ ¬? Ensuring execution of all security, food safety and maintenance of   the restaurant. aâ‚ ¬?Projecting and controlling accurate profit & loss line items. aâ‚ ¬? Administering all in-restaurant records and procedures including   benefits, payroll, inventories, security and employee personnel flies. aâ‚ ¬? Ensuring that a respectful workplace exists in the restaurant. Opportunities beyond the Restaurant Manager position are also   available based on interest and performance. These opportunities are   as follows: Operations Consultant aâ‚ ¬? Provide leadership, coaching and directi on to assigned restaurants. aâ‚ ¬? Maximize long-term sales and profit potential of each restaurant. aâ‚ ¬?Build a positive business relationship with Restaurant Managers and   Restaurant Leadership Team Training Consultant aâ‚ ¬? Conduct training that motivates and improves individual's   performance and contribution to restaurant results. aâ‚ ¬? Serve as operations expert and consultant on McDonald's operation   standards, management tools and training systems. Business Consultant aâ‚ ¬? Consult to an assigned group of franchisees to optimize sales, QSC,   profit, and people development. aâ‚ ¬? Assist with maximizing the business potential for the franchisee   organization. Human Resources Consultant aâ‚ ¬?Provide leadership and support to the operations team, regional   staff and franchisees on Recruiting and Staffing Management/Crew   Employees, Employee Relations, Management Development, Diversity   Development, Benefits/Compensation and Man agement/Crew Retention   systems. Management Programs are also available for personal development, which   will prepare you for each step along the way. These opportunities are   as follows: Shift Management Program When you experience the Shift Management Program, you will receive   instruction through a combination of self-study modules and on-the-job   coaching.You'll also participate in the Basic Shift Management Course   and the Advanced Shift Management Course, which are offered by the   Regional Training Department. The Shift Management Program assists you in developing and sharpening   management skills in: aâ‚ ¬? Area Managements aâ‚ ¬? Food Safety aâ‚ ¬? Basic People Skills aâ‚ ¬? Respectful Workplace aâ‚ ¬? Delivering QSC;V aâ‚ ¬? Customer Satisfaction and Customer Recovery aâ‚ ¬? Shift Management* aâ‚ ¬? Coaching and Counselling aâ‚ ¬? Valuing Diversity aâ‚ ¬? Understanding the Business * Indicates self-study modules McDonald 's Internal SeminarsSeminars are designed to establish a common foundation of leadership   and management knowledge and skills for McDonald's officers. These   seminars will focus on key business issues identified by senior   management and create a platform for effective implementation of   strategic business initiatives. A team of McDonald's senior management   and external providers lead the seminars sessions. The external   providers are recognized leaders in their area and have extensive   experience consulting with and teaching executives. Types of Conflict Within the Business ————————————-By evaluating a conflict according to the five categories below —   relationship, data, interest, structural and value — we can begin to   determine the causes of a conflict and design resolution strategies   that will have a higher probability of success. There are many type s of reasons why conflicts may happen between Human   Resources Functions, such as; Relationship Conflicts ====================== Relationship conflicts occur because of the presence of strong   negative emotions, misperceptions or stereotypes, poor communication   or miscommunication, or repetitive negative behaviours. Relationship   problems ften fuel disputes and lead to an unnecessary escalating   spiral of destructive conflict. Supporting the safe and balanced   expression of perspectives and emotions for acknowledgment (not   agreement) is one effective approach to managing relational conflict. Data Conflicts ————– Data conflicts occur when people lack information necessary to make   wise decisions, are misinformed, disagree on which data is relevant,   interpret information differently, or have competing assessment   procedures. Some data conflicts may be unnecessary since they are   caused by poor communication between the people in conflict.Other   data conflicts may be genuine incompatibilities associated with data   collection, interpretation or communication. Most data conflicts will   have â€Å"data solutions. † Interest Conflicts —————— Interest conflicts are caused by competition over perceived   incompatible needs. Conflicts of interest result when one or more of   the parties believe that in order to satisfy his or her needs, the   needs and interests of an opponent must be sacrificed. Interest-based   conflict will commonly be expressed in positional terms.A variety of   interests and intentions underlie and motivate positions in   negotiation and must be addressed for maximized resolution. Interest-based conflicts may occur over substantive issues (such as   money, physical resources, time, etc. ); procedural issues (the way the   dispute is to be resolved); and psychological issues (perceptions of   trust, fairn ess, desire for participation, respect, etc. ). For an   interest-based dispute to be resolved, parties must be assisted to   define and express their individual interests so that all of these   interests may be jointly addressed.Interest-based conflict is best   resolved through the maximizing integration of the parties' respective   interests, positive intentions and desired experiential outcomes. Structural Conflicts ==================== Forces external cause structural conflicts to the people in dispute. Limited physical resources or authority, geographic constraints   (distance or proximity), time (too  little  or too much), organizational   changes, and so forth can make structural conflict seem like a crisis. It can be helpful to assist parties in conflict to appreciate the   external forces and constraints bearing upon them.Structural   conflicts will often have structural solutions. Parties' appreciation   that a conflict has an external source can h ave the effect of them   coming to jointly address the imposed difficulties. Value Conflicts =============== Value conflicts are caused by perceived or actual incompatible belief   systems. Values  are beliefs that people use to give meaning to their   lives. Values explain what is â€Å"good† or â€Å"bad,† â€Å"right† or â€Å"wrong,†Ã‚   â€Å"just† or â€Å"unjust. † Differing values need not cause conflict. People   can live together in harmony with different value systems.Value   disputes arise only when people attempt to force one set of values on   others or lay claim to exclusive value systems that do not allow for   divergent beliefs. It is of no use to try to change value and belief   systems during relatively short and strategic mediation interventions. It can, however, be helpful to support each participant's expression   of their values and beliefs for acknowledgment by the other party. Working Hours One fu nctions working hours may be flexible than another functions   working hours, the employees are prone to complain as they want more   flexible working hours as well. TechnologyThere may conflicts between different functions technology wise in a   sense that one function may get better technology than another   function, e. g. one function within human resources may get the newest   state-of-the-art computers so they will be able to work more   efficiently, as opposed to another function who may have computers   which are 4 or 5 years old so they will not be able to work as   efficiently, so the will complain and the business as a whole will not   work as efficiently. Placement ; Selection Placement and selection are both important factors to be considered   when assessing conflicts between human resources.This can be caused   by a many number of things such as, if a new employee has been   recruited into the business and as soon as he starts work the business    puts him as a manager, but there has been someone there working with   the business for 20 years and has worked his way up the hierarchy to   become assistant manager to the manager before and was looking to fill   in the place of manager but this new recruit has just filled that   place, the business will expect them to work together, but they will   be conflicts between the two managers. WagesOne-function employees might get paid more for the same job that   another functions employees are doing. This will cause friction   between the functions as pay is a high motivation factor in how   efficiently the staff work. Training/Costs Training and costs are a major conflict factor as they contribute a   lot to the efficiency of the function, for example if a function has   better training and training facilities they will be able to work more   efficiently. As apposed to a function who has little money to spend on training and bad training facilities, this wi ll result in poor   training throughout the function and poor efficiently.Performance Management Performance management is the systematic process by which an agency   involves its employees, as individuals and members of a group, in   improving organizational effectiveness in the accomplishment of agency   mission and goals. The revisions made in 1995 to the Government wide performance   appraisal and awards regulations support sound management principles. Great care was taken to ensure that the requirements those regulations   establish would complement and not conflict with the kinds of   activities and actions practiced in effective organisations as a   matter of course.Planning In an effective organization, work is planned out in advance. Planning   means setting performance expectations and goals for groups and   individuals to channel their efforts toward achieving organizational   objectives. Getting employees involved in the planning process will   he lp them understand the goals of the organization, what needs to be   done, why it needs to be done, and how well it should be done. The regulatory requirements for planning employees' performance   include establishing the elements and standards of their performance   appraisal plans.Performance elements and standards should be   measurable, understandable, verifiable, equitable, and achievable. Through critical elements, employees are held accountable as   individuals for work assignments or responsibilities. Employee   performance plans should be flexible so that they can be adjusted for   changing program objectives and work requirements. When used   effectively, these plans can be beneficial working documents that are   discussed often, and not merely paperwork that is filed in a drawer   and seen only when ratings of record are required. Monitoring ———-In an effective organization, assignments and projects are monitored   continually. Monitoring well means consistently measuring performance   and providing ongoing feedback to employees and work groups on their   progress toward reaching their goals. Regulatory requirements for monitoring performance include conducting   progress reviews with employees where their performance is compared   against their elements and standards. Ongoing monitoring provides the   opportunity to check how well employees are meeting predetermined   standards and to make changes to unrealistic or problematic standards.And by monitoring continually, unacceptable performance can be   identified at any time during the appraisal period and assistance   provided to address such performance rather than wait until the end of   the period when summary rating levels are assigned. DEVELOPING ———- In an effective organization, employee developmental needs are   evaluated and addressed. Developing in this instance means increasing   the capacity to perform through training, giving assignments that   introduce new skills or higher levels of responsibility, improving   work processes, or other methods.Providing employees with training   and developmental opportunities encourages good performance,   strengthens job-related skills and competencies, and helps employees   keep up with changes in the workplace, such as the introduction of new   technology. Carrying out the processes of performance management provides an   excellent opportunity to identify developmental needs. During planning   and monitoring of work, deficiencies in performance become evident and   can be addressed. Areas for improving good performance also stand out,   and action can be aken to help successful employees improve even   further. RATING —— From time to time, organizations find it useful to summarize employee   performance. This can be helpful for looking at and comparing   performance over time or among various employee s. Organizations need   to know who their best performers are. Within the context of formal performance appraisal requirements,   rating means evaluating employee or group performance against the   elements and standards in an employee's performance plan and assigning   a summary rating of record.The rating of record is assigned according   to procedures included in the organization's appraisal program. It is   based on work performed during an entire appraisal period. The rating   of record has a bearing on various other personnel actions, such as   granting within-grade pay increases and determining additional   retention service credit in a reduction in force, although group   performance may have an impact on an employee's summary rating, a   rating of record is assigned only to an individual, not to a group. Rewarding ——— In an effective organization, rewards are used well.Rewarding means   recognizing employees, individually and as members of groups, for   their performance and acknowledging their contributions to the   agency's mission. A basic principle of effective management is that   all behaviour is controlled by its consequences. Those consequences   can and should be both formal and informal and both positive and   negative. Good performance is recognized without waiting for nominations for   formal awards to be solicited. Recognition is an ongoing, natural part   of day-to-day experience. A lot of the actions that reward good   performance – ike saying â€Å"Thank you† – don't require a specific   regulatory authority. Nonetheless, awards regulations provide a broad   range of forms that more formal rewards can take, such as cash, time   off, and many no monetary items. The regulations also cover a variety   of contributions that can be rewarded, from suggestions to group   accomplishments. Managing Performance Effectively ———— ——————– In effective organizations, managers and employees have been   practicing good performance management naturally all their lives,   executing each key component process well. Goals are set and work is   planned routinely.Progress toward those goals is measured and   employees get feedback. High standards are set, but care is also taken   to develop the skills needed to reach them. Formal and informal   rewards are used to recognize the behaviour and results that   accomplish the mission. All five-component processes working together   and supporting each other achieve natural, effective performance   management. THEORIES OF MOTIVATION Writers such as FW Taylor (1856 – 1915) believed workers would be   motivated by obtaining the highest possible wages through working in   the most efficient / productive way.In short, the more money you   offer the worker, the more motivated they will be to work. Ta ylor,   identified as the Father of Scientific Management, was obsessed with   optimising efficiency and productivity in all areas of life. (Whilst   out walking he would attempt to ascertain the optimum length of stride   required to cover a distance! ). His most well known research focused   on scientifically analysing the tasks performed by workers, and it is   through these studies that we can understand Taylor's approach to   motivation of the worker.Through the scientific study of work Taylor sought to enable the   worker to achieve the maximum level of output, and in return gain the   maximum financial reward for their labour. The best way to pay a   worker according to Taylor was on a performance related basis. In one   study he looked at the work of steel workers, and by identifying the   optimum load of coal per shovel, which would enable the worker to lift   the maximum tonnage each day, the steel works plant reduced its   workforce from 600 to 140.The reward for those workers lucky enough   to keep their jobs – 60% higher wages if they met their scientifically   calculated targets for the week, by following the instructions laid   down by Taylor, on how to do their jobs. Unfortunately, the way in which Taylor appeared to view the ‘worker'   as just a pair of hands, and the job losses, which seemed to follow   him round the companies he advised, labelled Taylor as ‘The Enemy of   the Worker'. In truth, F. W. Taylor only sought to enable the worker to   reach their full earning potential, and honestly believed his work was   in the best interests of the worker.Subsequent motivational theorists have pointed to Taylor's limited   appreciation of the fact that ‘workers' are you and me – people,   complex individuals, with heads and hearts – and not just simple pairs   of hands. This said, Taylor's ideas are just as prevalent today as   they were in the early 1900s , consider the current wave of dot. com   start-ups, which offer large share options to their staff, and thus   the potential for huge financial rewards in the future, if they work   hard now. There is no escaping the fact that money is still a central   reason why people work, but is it the key to motivating people.