Saturday, July 27, 2019
Authoritarian Approach to Management Assignment
Authoritarian Approach to Management - Assignment Example The researcher states that the authoritarian approach to management builds high walls between management and employees which impedes development for the department. The old adage "two heads are better than one" certainly applies to such a management problem. It is necessary that management realizes the contributions of employees to the success of operations and their ideas or thoughts or opinions must not go unheard because suggestions coming from the men themselves doing the job are the most realistic ideas to be considered. Apart from the fact that an authoritarian management approach problematically impedes development, such a problem also raise the issue of growth on the part of the employees. Employment should contribute to the growth and maturity of an individual. However, when a problematic authoritarian management approach is used, employee development is difficult to achieve. When employee development is not promoted in a particular working environment, therefore there is no room for competitiveness. Such is an injustice towards employees and affects the total impression about the country's workers. When companies and/or government agencies/departments refuse to foster competitiveness towards its employees, the country will face problems in the fast pace of globalization. The alternative that exists to resolve the problem is to provide management training for directors and management teams to provide a wider perspective on management. Training for high ranking officials are quite unpopular however, it must be realized that management people are in most need for training to acknowledge a viewpoint outside of their own, to introduce a new practice to create a better environment, adopt an approach shared by other management trainees which have been a proven successful approach. All these and more are learned in training. Thus, with an authoritarian approach, training as an alternative to resolve the problem may open opportunities for change. Change that, will empower employees to open doors to success and develop competitiveness amongst employees. The likely consequence of the alternative which had been identified (training for high ranked officials/management) is adopting change as the training open doors of opportunities for fresh ideas, and leadership education. Chances for authoritarian management will open to change and accept suggestions, the language of "we" instead of "I". Training makes a difference to create a better and more accommodating environment due to the realization made by the officials and managers during the process of the training. The consequence to develop competitive employees, contributing to the growth and development of the department where they are assigned.
Friday, July 26, 2019
Will the Oil Crisis happen Essay Example | Topics and Well Written Essays - 1250 words
Will the Oil Crisis happen - Essay Example As Daniel Yergen concisely states, "We're not running out of oil. Not yet." He qualifies this statement by stating, "Right now the oil market is tight, even tighter than it was on the eve of the 1973 oil crisis." He even states that, "in this high-risk market, 'surprises' ranging from political instability to hurricanes could send oil prices spiking higher," but he - like many other scholars - does not foresee an actual supply shortage in the near future. He notes that the public at large has heard the rumor that rising gas prices are an indication "that the world is going to begin running out of oil in five or 10 years," and many people believe this falsehood to be true. However, the reality of the situation is just not that simple. The ever-changing prices of fuel might be an indicator of a fluctuation in the market, but many experts agree that price instability is not a reflection of a dwindling oil supply. Yergen states that new field research conducted by Peter Jackson and Robert Esser actually indicates quite the opposite is true. He states that Jackson and Esser have actually forecast "a large, unprecedented buildup of oil supply in the next few years." Their figures estimate that "between 2004 and 2010, capacity to produce oil could grow by 16 million barrels a day -- from 85 million barrels per day to 101 million barrels a day -- a 20 percent increase." Although fuel consumption is a never-ending fact of our society, modern technology is making it possible for the world's oil suppliers to use much more efficient techniques for finding new reserves and exploiting the ones we already have. As Deming states, "With every passing year it becomes possible to exploit oil resources that could not have been recovered with old technologies." Much of the optimism in Leonardo Maugeri's The Age of Oil is founded in such technological hope. He writes, "It is probably true that our planet does not hide many more gigantic, yet-to-be-discovered deposits of conventional oil. But the discovery trends we are witnessing today can make this irrelevant" (220). He believes that "unconventional sources such as gas liquids, ultra-deep offshore deposits, ultra-heavy oils, shale oils, and tar sands" hold some hope for future development. Scientists are currently researching ways to put these resources to use. Since high gas prices allow companies to have more capital for scientific advancement and research, his hope of nontraditional fuel sources may likely become a reality. He also states that the Persian Gulf and Russian Federation "have huge potential for new reserves additions" if they can overcome "outmoded technologies and poor management" (221). Ultimately, when fuel companies need this oil, the market will likely force them to find a way to make the right technologies available to these regions. For example, the largest oilfield in Kuwait is still using equipment from the 1940's and 1950's to extract its oil (224). Surely, modern technology will be able to help this field and many others as the quest for oil intensifies. Yergin predicts that "the share of 'unconventional oil' - Canadian oil sands, ultra-deep-water developments, 'natural gas liquids' - will rise from 10 percent of total capacity in 1990 to 30 percent by
Week 7 response papers Essay Example | Topics and Well Written Essays - 500 words
Week 7 response papers - Essay Example In agreement with the student, the move to have manufacturers bear the burden of disposing their products has changed the benchmarking activities of companies. Companies have to change their manufacturing and business processes as noted in response to the new regulation at least to some extent (Esty and Winston, 2006). Since the companies have to bear the burden of disposal, it is important for them to create partnerships. Partnering with other players will assist organizations in ensuring responsible recycling as in the case of Dell and FedEx. Once again, in agreement with the student, it is important for employees in the service industry to be trained on environmental audits. This is because effective sustainability is achieved by involving everyone in the company as noted by Ahmed, Montagno, and Sharma (2004). Marshall and Toffel (2005) note that sustainability can be extremely elusive if people are ignorant of facts related to the environment and waste management. This means that at all levels, workers should be trained about environmental auditing. Companies will have to change their benchmarking activities so that they become more responsible in the disposal of outdated electronic products as noted by the student. This is influenced by the fact that used electronic equipment such as computers, TVs, and cell phones are some of the quickly growing wastes in the world (ScienceDaily, 2009). The disposal of CRT monitors and tube TVs has been a thorny issue as the student notes. It is true that it is more effective to control pollution and encourage sustainability by assigning producers the burden of managing wastes as opposed to disposing old electronic equipment in landfills in agreement with Blewitt (2008). The student introduces two important factors in the waste management and sustainability debate ââ¬â the issues of legality and accountability.
Thursday, July 25, 2019
Regression Analysis Essay Example | Topics and Well Written Essays - 1000 words
Regression Analysis - Essay Example Lastly, regression analysis will be performed on statistically significant pairs of variables and regression line equation(s) of best fit will be written. Using Excelââ¬â¢s Data Analysis-Sampling, random number for data for country was generated (Figure 1) and corresponding records were taken from population. Table 1 in appendix shows the sample for correlation and regression analysis. Figure 3 shows the scatterplot of the GNP per head and the number of commercial vehicles. The relationship between the GNP per head and the number of commercial vehicles appears to be moderate (correlation, r = 0.556). Table 2 shows the correlation matrix for variables GNP per head, Cars per head and number of Commercial vehicles. The correlation for ââ¬Ëthe GNP per head and the cars per headââ¬â¢ and ââ¬Ëthe GNP per head and the number of commercial vehiclesââ¬â¢ is significant at level of significance, à ± = .01. Since, the correlation for GNP per head with the cars per head and the number of commercial vehicles is significant; therefore, there is strong possibility that GNP per head can be used to predict the cars per head and the number of commercial vehicles in any country. Table 3 shows the regression analysis output for the GNP per head and the cars per head using Excel. The higher value of F statistic suggests that regression is significant. GNP per head explains about 80% of variation in the cars per head. GNP per head (US $) significantly predict the cars per head,à à ² = 0.00005,à t(28) = 10.54,à pà The slope of the regression equation suggest that each US $ increase in GNP per head adds an average of 0.00005 cars per head. The intercept is not meaningful as zero GNP per head implies negative value for the cars per head that is not possible. The regression equation can be used for predicting the cars per head of any developing
Wednesday, July 24, 2019
Accounting Report Essay Example | Topics and Well Written Essays - 2250 words
Accounting Report - Essay Example diversity, because of the fact that it is one of the few sectors which have remained resilient during financial downturns and because it plays a vital role in the communities for the provision of employment opportunities and as a result acts as a driving force necessary for social cohesion. Three companies are selected for the analyses which are J D Sport Fashion Plc., Sports Direct International Plc. and Next Plc. These companies are selected because they are three renowned players in this specific segment. J D Sports Fashion Plc. is a leading retail company based in England in the segment of sport retail. Next Plc. is a British clothing, home products and footwear retail company. It is the largest retailer of clothes in the United Kingdom as measured by sales. The company has more than 700 stores across the UK and 200 across other geographical locations in Asia. The stocks of the company are listed in the London Stock Exchange. Sports Direct International Plc. is also a giant sports retail company in the United Kingdom. It is a multinational retailer with over 500 stores across the globe. All the three companies also have their respective electronic commerce stores. The general information of the three companies is summarized in Table 1. This research is aimed at answering the question as to what is the situation of the external and internal retail industry of the United Kingdom. The research question is to be answered by considering three main retail companies operating in the country which are J D Sport Fashion PLC, Sports Direct International PLC and Next Plc. The aim of the research is to provide an analysis of the retail industry through the consideration of the various influential factors that are affecting the industry. This is done by using different management and analysis tools like the Porters five forces model, PEST analysis, Critical Success Factor (CSF) evaluation and financial analysis including financial and non financial ration
Tuesday, July 23, 2019
ART WORLD Essay Example | Topics and Well Written Essays - 1750 words
ART WORLD - Essay Example Financial and cultural capital is important for a city in order to have an art market and the above mentioned cities have it in abundance. The United States of America has over 50% of sales when it comes to contemporary art market and this is an impressive figure considering the fact that there are other major players in the art market. There has been a recent influx of young buyers in the art market and this has brought about significant changes. It is good for the economy because a lot of money has been pumped by these young buyers into the art market. ââ¬Å"The art world is structured as an interdependent network of social-economic actors who cooperate--often contentiously or unknowingly--to enact and perpetuate the art world, while at the same time negotiating kinds and levels of cooperation in a mutually understood careerist and competitive context.â⬠(Art Economics) Dealers and galleries play a pivotal role in displaying the art works to prospective buyers, without these display art galleries it would be hard for buyers to see and get what they want. Auction houses also play a key role in displaying art work to prospective buyers. In addition to this there are art consultants and advisors who bridge the gap between sellers and potential buyers of art work. Art fairs are also being organized on a regular basis to attract more buyers interested in buying contemporary art work. The economy of the art world is being affected because more and more thieves are trying to get their hands on valuable works of arts so that they can sell it and make good money on these contemporary art works. It is a win win situation for the thieves because most valuable pieces of art weigh only a few pounds and they are sold for millions of dollars in the market. It is very easy to transport such expensive works of art because thieves usually steal art works that are easy to carry and transport hence, it is a very trivial job for them to get it transported. In the year 2011 artworks worth $1 billion were recovered from a home in Munich, Germany. These art works were believed to have stolen by the Nazis through the end of World War II. It has become a very lucrative business for thieves, there is no investment required and the returns are unbelievable this is precisely why more and more cases of burglary of these art works has been reported in the last few years. Stolen artwork fetches a lot of money and it is well over a billion dollar industry. This practice is illegal and also highly unethical, but people still involve themselves in this lucrative trade because there is easy money to be made. It promotes corruption in society, in addition to this famous paintings fetch a lot of money and this is precisely why many people eye these famous paintings and when an opportunity presents itself they steal it and sell it on to make a nice quick buck. There are two categories of people who steal these famous painting in an endeavor to make a quick buck. The fi rst is called the naif. A naif typically steals a painting but after sometime upon being unable to sell it, a naif realizes that the work of art has become extremely burdensome because of their inability to sell it and the same results in the work of art becoming worthless at least to the person who has stolen it. The second category represents sophisticated criminals who do not think like typical naifs. They understand and value the worth of stolen art work and come up with appropriate strategies to sell it and in the process make good money. The FBI each year reports that several high-profile paintings go missing and they also understand and realize that these high-profile paintings are being sold and the stolen artwork industry is thriving because of the same. ââ¬Å"
Monday, July 22, 2019
Theory of utilitarianism Essay Example for Free
Theory of utilitarianism Essay The Philosophy of Utilitarianism may have a positive outcome, but it can be flawed at times as well. The Utilitarian theory states ââ¬Å" The greatest happiness for the greatest number of peopleâ⬠. Some say this approach is flawed due to it lacking reason and consequence, I believe this depends on specific circumstances. Abortion is a big issue now a days and I feel that the utilitarian theory would be a reasonable outlook on this particular situation. To apply the Utilitarian theory to abortion, first we must relinquish right and wrong and the innate morals that follow, and focus on whether the end result compliments the greatest happiness for the greatest number of people. An example of such would be, Lets say a lady gets raped and becomes impregnated by the rapist, first and foremost one would gather that this woman would not want to bare her rapist child, being that the pregnancy will remind her everyday of this horrendous event, causing her constant displeasure and despair emotionally, physically, and mentally. An opposing party would say that adoption would be an alternative, and yes it would be, but this means that she would have to carry this child to term, go through the pain of childbirth and the legality of the adoption process. Everything stated causes this woman displeasure. If she does go this route there still is an issue, the child itself. Secrets always come out, one day this child will find out his/her father is a rapist and that will have a detrimental negative affect on this child. Also, what if he/she wants to meet the biological mother and she protests, yet again more displeasure. What if he/she is persistant on meeting the biological mother and a meeting does take place, the woman is faced with numerous discontentment, she would have to relive and face the events that she tried so hard to bury away in her mind. The utilitarian theory would state that having this child will cause nothing but pain for everyone in the situation including the unborn fetus. If abortion did take place the outcome would be in favor of the greatest happiness for the greatest number of people. Another example would be a young teenager experimenting in the sexual field, she can have a boyfriend or perhaps she has a one night stand and become pregnant. We will evaluate the situation from an utilitarian point of view, she is young, in school, single, lives at home with her parents and does not have an income. Again, adoption is an alternative, but she would still have to tell her parents, and be forced to grow up to early and miss out on her youth. Also, the pregnancy will become a burden on the teenagers parents, mentally, emotionally and financially, the outcome is unhappiness for all parties involved. Now what if a young couple gets pregnant, they would both have to drop out of school, the boyfriend who is a teenager has to become a man overnight and find a way to financially support the baby, a household and the mother. The couples parents would have to get involved and be burdened as well because of course they will try to help the young couple. A pregnancy is a blessing but it can also be a burden. An unplanned pregnancy puts stress and burdens on individuals and on couples and it is extremely hard to get through. Yet again adoption is relavant to all of these situations, but it still causes everyone involved displeasure including the baby. In all example the baby would suffer and be deprived in one way or another, whether it is proper schooling, being fed and clothed everyday and on an emotional level as well. The rapists child would one day find out the truth of how he/she was conceived. The single teenager and teenage couple would not be able to properly provide for the child, resulting in needing some sort of government assistance such as medical insurance and welfare where responsible adults pay their hard earned tax dollars. The overall outcome in all situation would not coinside with the utilitarian theory. An unexpected pregnancy is a difficult situation for any woman or couple to be in, regardless of financial stability or age. I am pro choice and believe in women having the right to choose. I also think that a woman in this situation should view it from an utilitarianââ¬â¢s point of view being that this theory takes the outcome of overall happiness to all people in this situation under strong consideration. If we considered this theory on the topic of abortion. I feel that the philosophy of utilitarianism would be an adequate choice.
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