Tuesday, December 31, 2019

Importance of Peace and Order Law in the Development of...

I. Introduction Peace and order is an essential ingredient in maintaining economic development, social order and political stability. A condition of peace and order facilitates the growth of investments, generates more employment opportunities and attracts more tourists. Economic development generally refers to the sustained, concerted actions of policymakers and communities that promote the standard of living and economic health of a specific area. Peace refers to absence of hostility. It refers to an environment that is characterized by healthy interpersonal and international relationships, acknowledgment of equality and fairness. A. Background of the Study From the Latin pax, meaning freedom from†¦show more content†¦The barangay being the basic units of the local government plays an important role in the development of the nation. The status of peace and order in a barangay illuminate that of the country, and a peaceful barangay is a peaceful country. It helps in maintaining social order, political stability through the help of the Executive orders of the government because of that the economy has been fully reorganized. D. Scope and Limitation The scope of this study is for the Barangay of different communities around Metro Manila. The study will include Barangay Marulas, Valenzuela City and how they work. It is focused on the procedure, ways and technique used by the Barangay officials as a subject for our thesis. The study does not cover any Government agencies that are not related to our topic. II. Review of Related Literature The benefits brought about by peace can also be measured in economic terms. Peace does in fact have a monetary value independent of the human values associated with it. It can be expressed in terms of the additional value to global GDP1 that would ensue from Economics and Peace in conjunction with the Economists for Peace and Security impact of lost peace on the world economy at 7.2 trillion dollars (US$7,200,000,000,000) annually. Over a ten year period this adds up to US$72 trillion. Once nations areShow MoreRelatedThe United Nations ( Un )1670 Words   |  7 Pagesestablishment of the UN. According to the Charter, the UN is open to â€Å"all other peace-loving states which accept the obligations contained in the present Charter and, in the judgment of the Organization, are able and willing to carry out these obligations† . Yet, the role of the UN has been weakened by many challenges in recent years. The UN has many problems in its mechanisms, structures and operations, and even some countries pose a pragmatic attitude to it, which seriously undermines its authorityRead MoreInfluence Of Developed Nations During The Development Of Post Colonial States1420 Words   |  6 PagesDeveloped Nations in the Development of Post-Colonial States Official Development Assistance (ODA) is a combination of loans and grants given to developing nations with the intent of furthering development in those nations. ODA is a crucial means for furthering the development of LDCs, Least Developed Countries. Singapore believes in the importance of ODA and promotes continued support for countries in need. Singapore recognizes how ODA contributed to the early development of Singapore, and is dedicatedRead MoreGood Governance in Pakistan1667 Words   |  7 PagesUnrestricted media 7. No military intervention 8. Socio economic development 9. Independent judiciary 7. Good governance and Islam 8. Distinction between Good governance and bad Governance 9 Parameter of good governance .Responsibility .Accountability .Rule of law Legitimacy .open administrative system Good relationship between ruler and ruled Definition of bad governance .Arbitrary policies of ruler .Irresponsible attitude No rule of law Unjust legal system Closed administrative system 10.Impacts ofRead MoreThe United States and Colombia1578 Words   |  6 Pagesrelationship through the course of history. There have been trade agreements signed by the two parties; also negotiations have taken part in regard to development strategies on the part of the US to promote the rule of Democracy and it’s institutions in Colombia, where illegal armed forces sought to control many aspects of the country’s development. 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Regions across all frontiers were affected by the spread of nuclear weapons, genocide, tyranny and other manmade strategies to deflect the stability and tranquility of a once calmer and more serene world. Institutions such as the United Nations were devised after the end of a war that convinced nations that what happens aroundRead MoreKant on Moral Duty1066 Words   |  4 Pagesmatter of duty to make the false promise. (Kant, p. 431) He claims that one commits the act of lying in order to free themselves from a their current situations of disadvan tageousness; however, it is important for he who plans to commit the lie to ask himself if much greater difficulties may arise in the future from committing this indecency. If one were to act in respect to the universal law, he would develop the habit of never making a promise when he has no intention of keeping it. One of Kant’sRead MoreInternational Organizations And The International Organization Essay1518 Words   |  7 Pages The international organizations plays a various roles that positively and negatively impact the global socio economic development of various nations. These are institutions that are set to uphold the values of certain agendas that are put out there for member nations to embark on in improving a nation’s socio economic development. Some of these agendas and charters do come with costs and these costs includes fines, punishments. It also has benefits, a benefit weaker and stronger nationsRead MoreThe International Relations And Foreign Policies Decisions Essay1430 Words   |  6 PagesThe importance of Ethic in the study of the international relations and in foreign policies decisions by governments and others non-states. The structure of individual estates and how they behave has been influenced by the constitution of the international system. In others words, due to the fact that states behave in an anarchy system, in which is not a high authority that protects them in case that they found themselves into international affairs with others states, it makes that states persuadeRead MoreBecoming a Responsible Citizen? Can Education Help1586 Words   |  7 Pageslife. Prophet Muhammad (P.B.U.H) Said: â€Å"And acquire knowledge from cradle to grave.† Education is the fundamental factor in the process of human development. The importance of education in the process of nation building and economic prosperity can not be denied. The famous Greek philosopher Plato, while emphasizing the need and importance of education, said: â€Å"Education brings light to human mind and eye.† There is no denying the fact that uneducated and illiterate people cannot perform

Monday, December 23, 2019

Protecting the Privacy of Users Online - 2076 Words

There are large amounts of information available in the world through various media outlets, such as the internet, mobile conversations, emails, chats, messages, etc. Nowadays, everything is a big data and with the emergence of the whole new breed of big data software which is distributed all over in the world, whatever data is available can be used for analyzing. With the wide spread internet and improvement in technology the big data field have expanded at various fields like banking, finance, social network etc. This paper reviews how the data is being exposed on the internet and gives scope for the infringement of privacy; also I will review a variety of electronic tools/methods that helps in protecting users’ privacy as well reflect upon how much less people know about these infringements but how much more is happening. Also, I will review some of the rules that exist to protect the privacy of users online. Big data: Big data is anything which is too large for traditional databases to handle. They range from Terabytes of data to petabytes of data. Big data is generated from various sources, such as social media networks, oil wells, mobile phone conversations, weather data etc. Blackberry generates instrumentation data 500 Terabytes a day and has over 100 petabytes of data. Chase Bank generates 150 petabytes of total data, Facebook got over 70 petabytes, Chevron (an energy-based company) runs thousands of oil wells across the country and each well produces 15Show MoreRelatedRecommended Organizational Policy Changes Of The European Union998 Words   |  4 Pages(Microsoft changes Bing s privacy policy, 2010). The biggest offenders for malware on the internet is image and video searches on the web. Sophos reports that 92% of search-driven malware attacks is obtained from Google and Bing image searches. (Pearce, 2012). In a world of personalized online services, establishing and maintaining user trust and responsible use of data is critical. Users expect appropriate and relevant content and advertising while also protecting their privacy when they use any searchRead MoreWho Should Protect Our Data?1341 Words   |  5 PagesThe internet never forgets. Thi s fact raises issue of privacy concerns on the internet. Internet privacy involves the right to retain personal privacy regarding shared data on the internet. Privacy encroachment is altering the data provided by the user for the benefit of anyone other than the user. From the beginning of large scale computer sharing, the issue of privacy concerns has been a concern. The information a person releases via the internet is too large and extensive. There is very littleRead MoreHow Technology Has Become Increasingly Globalized And Is Now A Key Utility1491 Words   |  6 Pagestheir personal information online. What many fail to recognize is that tech companies—such as Facebook and Google—track their online activity and are incessantly storing and selling their information. A user may also willingly offer their information to these companies when they ask for it under the guise of personalizing the user’s experience. Often times the user’s information is sold to feature advertisements that are tailored to them, however, the tracking and mass online surveillance are endangeringRead MoreOnline Activities And Social Media1325 Words   |  6 PagesPeople should expect no privacy when it comes to their online activities. Companies like Facebook, Myspace and Google collect data on their users and sell it to advertisers. Advertisers then begin targeting social media users who match their profiles with online ads. As a user of social media, I often do online research on a particular topic or item I’m looking to buy to compare features and learn more about it. The next time I check my yahoo mail account, the side banner advertisements have allRead MoreYouthful Indiscretions: Should Colleges Protect Social Network Users from Themselves and Others?989 Words   |  4 Pagesin favor of institutionalized involvement in social network protection in her article â€Å"Youthful Indiscretions: Should Colleges Protect Social Network Users from Th emselves and Others?† (Fleming). Posted in the New England Journal of Higher Education, winter of 2008 issue, Fleming poses the question of responsibility in monitoring students’ online social networking activities. With a growing population of students registering on social networks like Facebook and MySpace, she introduces the concernRead MoreControversy of Privacy and the Internet1117 Words   |  5 Pagesâ€Å"Privacy is dead – get over it†, according to Steve Rambam, a privacy investigator who specializes in Internet privacy cases, this is how he considers privacy to be in today’s society. He is just another entity living in the midst of a high technology society to whom privacy seems to be dead when reaching the Internet. With all the traffic on the Internet, the risk of private information falling into the wrong hands is excessive, and with all the advances in computer technology the rate of privacyRead MoreHow Technology Has Changed Our L ives1482 Words   |  6 PagesMany people don’t ever think twice about posting their personal information online. They enjoy using many features that are made available to them on social media. Including tagging their location, posting pictures of themselves, and filling in their bio and profile with information about them. Technology has grown into something that is so easily accessible and convenient. One can now shop from the leisure of their home without ever moving from their sofa or changing out of their pajamas. What manyRead MoreInformation Privacy and whether it has changed since the World Wide Web600 Words   |  3 PagesInformation Privacy and whether it has changed since the World Wide Web Information privacy is related to personal data that is usually stored on computers and online servers (Litman, 2000). However, the information that internet users share online is not private as companies use this information or sell it to the other companies and governments who are interested in the information (Litman, 2000). Before the introduction of the internet and possibly the World Wide Web, private information wasRead MorePrivacy Issues, Child Safety And Hate Speeches1671 Words   |  7 Pageschanges has been made during the service time of Facebook, it impacts a lot of users. Criticisms made wide range of view on its privacy issues, child safety and hate speeches. In this essay, we are going to talk about the privacy issues that people concern about on Facebook and how it impact people after certain changes have been made by Facebook. What is Facebook? Facebook is an online social networking service. Users have to register to use the website, after that Facebook provides a bunch of featuresRead MoreThe Internet And Its Effects On Our Lives1631 Words   |  7 Pagesare partially listened, and sometimes even recorded. Today many companies sell, buy, and use personal information about their users. Those companies track people’s internet interactions and know almost everything about their online behavior: from their personal preferences in food, music, and cars to the health condition, phone numbers, and credit card numbers. Everything users do on the Internet - from the comments to tweets to a simple browsing - will never be erased from history. This is partly due

Sunday, December 15, 2019

Internal Control Research Free Essays

To critically analyze the †¢To evaluate the importance of having Internal Control procedures within ‘The Bargain Centre’ Aims: †¢To investigate the number of different internal control procedures used within ‘The Bargain Centre’ †¢To gain knowledge of how the different internal control procedures help secure the business against theft and embezzlement etc. Data collection: In order to carry out my research on Internal Controls within ‘The Bargain Centre Supermarket’ I have observed over a period of time, while I was employed part time, the different type of Internal Control procedures set place. I have also interviewed the owner, and two (2) managers and also three (3) employees to get their views on the Internal Control that are effected within the business A secondary method that was also incorporated into this Internal Assessment (I. We will write a custom essay sample on Internal Control Research or any similar topic only for you Order Now A) was the use of the internet to gain general information about internal control systems. I have chosen the use of interviews to gather my information because it allowed me to get more in depth information and allowed me to dig deeper and get more information that was really needed to complete the report. ? Data Analysis: According to ‘www. liffnotes. com’: â€Å"Internal Control is the process designed to ensure reliable financial reporting, effective and efficient operations, and compliance with applicable laws and regulations. Safeguarding assets against theft and unauthorized use, acquisition, or disposal is also part of internal control. † Internal Control principles can be sub divided into a number of categories, a few important ones are: ? Segregation of duties: this requires that different individuals should be assign different duties, rather than one person be in charge of everything, as to reduce theft. For example the cashiers of a supermarket are not responsible for checking the money in their cash register. ?Establishing responsibilities: helps to ensure that all company activities adhere to guidelines unless other course of action is specified by a manager. For example there is a specific price list that has the price of every item with a store, only the manager can give authorization to change the price of a specific item. ?Documentation: provides evidence that financial statements are accurate and makes it possible to double check work. All records of sale and purchases should be kept safe and documented accordingly. ?Physical control: this should provide proper protection of company’s assets. Examples of physical controls are; †¢having fire proof safes and vaults to store cash before taking it to the bank †¢renting a safety deposit box for important papers like title deeds and insurance policies †¢having locked warehouse for inventories or stock †¢fencing company property †¢controlling computer facilities with a pass key which is access only by authorized personnel ?Mechanical control: improve accuracy and reliability of accounting information. These can come in the form of cash registers in shops, gasoline pumps in gas/petrol station and time clocks which employees use to show when they arrive at work. ?Electronic control: may be in the form of electronic burglar alarm system, television cameras to monitor thefts, as well as tags which must be removed or deactivated when the item is purchased or else they will trigger an alarm when the customer leaves the premises without having paid for the item. ?Independent internal verification: this is when an employee helps check the work of another to ensure it was done correctly. Internal Control over Inventory/Stock: In many businesses inventory is the most accessible assets, because of this it is made one of the prime target for theft. The business must there for have ways to protect inventory/stock from shop lifting from customers or even embezzlement by employees. A few ways to achieve this would be: †¢Use of surveillance cameras †¢Limiting access to store rooms and using physical control such as locks or vault to secure inventory/stock †¢Using sensitized tags on goods, which if not detached by sales clerk would trigger alarm, as to detour customers from shop lifting. Internal Controls over Accounts Receivable and Accounts Payable: One of the most important principals of internal control is that an employee that has custody over cash (or assets that can easily be converted into cash) should not be in charge of accounts receivable records, as to minimize fraud or theft. Records of names of creditors must be recorded and kept safe, while cash disbursements should be made quickly and whenever possible. How to cite Internal Control Research, Essays

Saturday, December 7, 2019

Corporation Law Financial and Operational Risks

Question: Describe about the Corporation Law for Financial and Operational Risks. Answer: A) In the given situation the property is inherited to Dilara and Aysha by their great grandfather. They continued working on the wine yard as a part of the going concern concept. The purpose of the business is to continue for an indefinite period. The current business structure is based on Partnership. The profit is distributed among the sisters in an equal part. The partnership is governed by the Partnership Act[1]. The current property is inherited which is governed by the inheritance act[2]. The business is facing financial and operational risks. Dilara and Aysha are planning to change the business structure which would yield maximum benefit. The business has less working capital to operate its day today functions. In this particular situation the partners are sharing the profit as per the agreement in between them[3]. Profit sharing is the prima facie evidence which provides an evidence regarding existence of partnership[4]. Both the sisters are partners by the virtue of the agreement. The most common right of partnership is the mutual benefit to access the financial report of the organization. They have right to alter the agreement consensually. The partners have right to take decisions in the benefit of the organization. A small size organization is recommended to continue partnership as they have limited resources. The asset has been inherited from their great grandfather. There is lot of flexibility inherited in a partnership organization. It is better than the other business type due to fewer obligations especially compared with the publically owned company. The law and regulation are easy in case of partnership. At present the responsibility is shared in between the sisters to carry winery business. The only limitation of partnership in the given situation is lack of funds. The business has recently faced a problem in continuing the business due to lack of knowledge. In Green v Beesley[5] partnership is a mutual contribution by each partner. They are planning to sell a part of their business to Mr. Polat due to his expertise which would ultimately benefit the business. The partnership agreement is recommended to resolve the dispute in between the parties to the contract. It will help in benefitti ng the organization for a longer time period. b) The current business structure of Akita is partnership. The business is going through the major financial crises and it requires an expertise to invest in their business. Mr. Polat is a winery expert and wants to invest in the business. It is recommended to continue the business as a partnership. Akita needs to restructure its business by dissolving the current partnership agreement. The clause in the agreement needs to be added with the mutual consent with the new partner. It includes the provisions related to the profit sharing ratio. Currently the partners are equally sharing the profits. Restructuring of the business is necessary to create the profits. Partnership agreement should clearly states the provisions related to the future dispute. The right and duties of each partner must be mentioned clearly in the agreement. It is suggested to register the partnership as per the countrys law. Registration of partnership helps in resolving the future disputes caused internally or externally. The partnership organization gives leverage to partners while taking major decision in an organization whereas it is a time consuming procedure to take a decision. The resolution in a company is passed by the mutual consent of the board members. The process of registering a partnership is easier than a corporation. The organization is very small hence it is not recommended to restructure it. Restructuring of organization will ultimately put the burden on the existing partners. The legal expenses of converting an organization are very high. Hence it is recommended to continue partnership by adding Mr. Polat as a new partner. His investment and expertise would ultimately benefit the interest of the organization. The partnership can be managed easily by the partners. It is a small organization hence it is recommended to continue the partnership by adding the required resources for a perpetual growth. 2) As per the corporation act 2001 it is mandatory to pay dividend to all the shareholders of the company. In the given case study the company has incurred revenue of 300%. It is mentioned clearly in Section 254W[6] that every individual of the same class has equal rights to receive same dividend unless the company has a constitution which states different dividend rights or the company has passed a different resolution. Whereas section 254U[7] states that the director has a right to decide the amount of dividend payable at the end of the month. The method of payment is either through cash, grants or through transfer of assets. In the given situation Mr. Leo is the non-executive director who holds two shares of Thomas the Tank Engine Pty Ltd. Ruby and Amanda has mutually decided not to pay the dividend for the previous year. It is stated in the act that the executive directors cannot decide the decision related to the dividend. The shareholder has rights to claim dividend from the previous year profits. The current situation reflects the Leo purchased two shares in Thomas The Tank Engine Pty Ltd for $500,000 in total. Thomas The Tank Engine Pty Ltd manufactures trains which they sell it to the retail stores. Section 254T[8] states the company has to pay dividend until and unless the company exceeds the liabilities. The dividend should be fair to the companys shareholder. Thomas The Tank Engine Pty Lt d revenue has increased 300% The shareholder has a right to retrieve the document of the company. In this given situation the other two directors without any prior information decided not to pay to the other shareholders for their own benefit. The directors cannot take decisions regarding the dividend policies without making any amendment[9]. In the given situation the director has misused their power. Their decision regarding the dividend is ultra vires. In the situation when the management tries to take an undue advantage of their power, the other members have a right to question the two directors[10]. Lifting of corporate veil: In such a situation if the management tries to utilize it powers beyond the memorandum, in that case the members has a right to lift the veil. Management has no right to use the power which is given to them. Here, Ruby and Amanda, the two executive directors took a decision beyond their power without consulting the other members of the company. In such a situation it is recommended that the other member has a right to reach the court as per Section 233[11] which gives right to the court regarding the decision to wind up the organization. In case of any inappropriate activity the court can interfere in the companys operations. If the company default in making payment to any of the shareholders, then court has right to modify or repeal the operations of the organization. The case mentioned in the act is of oppression and mismanagement by the executive directors of the company. It is a case of oppression where one member of the board was ill-treated just on the basis of questioning the other two members. Ruby and Amanda utilizes the companys asset to lease out the car which is again an ultra-vires act. As per the Corporation Act the company cannot expel a director without the consent of the other directors. The removal of director can only take place on a serious ground. Section 191[12] of the Corporation act states that the directors have a responsibility to state the material personal interest. 3) The corporation act 2002 imposes various duties on the director of the company. The Director has a duty to diligently follow the working of the company which includes proper information related to the financial position. He has to ensure that the company does not trade when it is insolvent. He has to exercise his powers in a good faith for the shareholders interest. All the major decision related to internal working in a company is taken through the directors. They should carry their duty diligently with a motive of wealth maximization. Directors should not misuse their position for their own interest. Section 198A[13] specifies the power of the director. He has the responsibility to carry out the daily business activity of the business. He has the right to exercise the power in the good faith of the company. The company relies on the information given by the directors[14]. In the given case study TACH Ltd is making losses due to the previous investment made. The financial statement was negligently made by Mr. Erol who failed to mention it in the Board meeting. The given situation mentions negligence at the part of the directors. Section 180[15] states that, "it is the civil obligation to carry out the duty carefully". The directors have responsibility to carry out the duties in the favor of the organization. A director is imbibed with a responsibility to carry the routinely functions in an effective manager. He should discharge his duty efficiently with reasonable care. He has to make judgments in a good faith. Here the directors Section 181 of the corporation act states that the directors should take due care while discharging his duty. They have a duty to carry out the responsibility with a proper care. In this given case the company went insolvent due to the negligence of the director. Here the directors has committed mistake while addressing the general meeting. The shareholders have a blind faith over the decision which is carried out by the directors. Their judgment is believed by the shareholders. They hold a fiduciary place in a company. It is believed that their judgment is in the interest of the corporation. Section 182[16] mentions that the directors should not use their position for the purpose of self interest. He should not carry out any object which is detrimental for the company. Any person who contravenes the clause mentioned above has to pay a civil penalty. The corporation act 2001 states the civil penalty against the director who contravenes against the general duty given to him. The given case is regarding sheer negligence by the directors. SECT 1317E[17] mentions the amount of fine to be charged against the director. In the given situation the company went insolvent due to the mistake of directors. The director has a duty to prevent the operations in an organization when it is insolvent. A company is said to be insolvent if it is unable to pay debts when they are due. The director has a responsibility to carefully mention the financial statement of the corporation. A corporation cannot work further, if it is declared insolvent by the court. Section 183[18] of the act states that, "the directors should not misuse his position". A director is considered to have done wrong if he uses his place wrongfully. Further if he fail to exercise his power with a good intention. He is considered to be at a wrong if he utilizes his position dishonestly. The director is subjected to be at default, if he uses its place to benefit someone known which is detrimental for the corporation. Directors hold a fiduciary position in an organization. He should not use his rights to provide interest in a wrongful manner. In the case study the directors negligence has caused harm to the corporation. The company was at a very good financial position. Mr. Erol decision has caused harm to the existence of the company. The loss to the company is caused due to his negligence. The company officer is considered to be at fault if he passively neglects the common law and duties which were given to him. The company cannot trade while it is insolvent. As per s ection 592[19] of the corporation act, the company cannot carry out the trading activity when it is insolvent. Section 232(4)[20] imposes a reasonable degree of care and diligence while preventing the company to commit a fraud. Trading when company is insolvent It is prohibited to continue trading when the company has become insolvent. The act restricts the directors to pursue the trading activity. The following situations are considered while judging the position of the company: The situation when the company has incurred debt. In the given case study the company has incurred loss due to the negligence of the directors. The section stops the directors to continue trading on the reasonable ground that the company would not be able to continue trade due to huge loss. In case if the company incurs further loss it wont be able to pay off the debts to the creditors. The section further states that any person who was the director at the time when the company incurred loss tries to contravene to the clause mentioned in the section will be jointly and severally liable for the payment. The loss was caused due to the negligence of the directors. The financial statement was wrongly prepared by the director. Hence they are wholly responsible to continue. In the case law of Walden v. Hensler[21] it was states by the judge that mistake of law cannot be used as an excuse by the director. The director is under the fault if he commits a mistake due to his own negligence. In case if the directors want to prove that they were not wrong. They have to prove that the error was committed without the persons consent. In this particular case the decision was taken by the directors, secondly if company faces any debt, it wouldnt be able to pay off the debts in the future date. In the case law of Metal Manufacturers Ltd v. Lewis[22] it was stated by the majority of the New South Wales Court on the appeal of Mrs. Lewis that she was a passive director and she is not liable under 592(1)[23] of the act. She has further established under section 556(2) that she has not contravened any of the duty mentioned in sec 181 to 184 of the corporation act. The loss occurred to the corporation were without any prior information. Section 232(4) makes its compulsory to follow reasonable care while disposing off their duty. He has to discharge his duty very carefully. If he fails to comply with the section, the section attracts a fine of $ 5000. It is argued that the relevant act is the part of negligence. Section 189(c)[24] of the act states that, "the information given by the director is utilized by the company". Any information which is given by the director to the company is considered to be in the good faith. Hence, under the given situation the directors are liable to pay the penalty for the breach of duties mentioned in the section 1371E. The company cannot trade further under the name of TACH Ltd. 4) The auditor has a responsibility to plan and perform duty to assure whether the financial statements are free from any error or mistake. The financial statement is the responsibility of the management. He has a responsibility to express his opinion regarding the financial statement. It is the duty of the management to adopt sound policies to establish a strong internal control[25]. The auditor is responsible towards the management. He has a duty to work in the benefit of his client. They have a responsibility to follow the instructions which are given by their client. The auditor has a responsibility towards their clients. The independent auditor has to fulfill the duties which are given by the client. The auditor report is used by the third party to make a conclusion related to the financial position of the company. He has a direct relationship with the management or the client instead of the third party who uses the information. Decision of stakeholders depends upon the report w hich is given by the auditor. An auditor holds a fiduciary position; he owes an indirect responsibility to ensure that the rights of the shareholders are safeguarded. An audit is conducted to protect the interest of the shareholders. He is expected to examine the account which is maintained by the management. It is mandatory by the law to appoint an auditor to keep a check over the companys financial positions. The policy behind the concept is to create a direct responsibility of the auditor. He is directly responsible to the management of a corporation instead of various parties. Outsider parties are related to the auditor through the corporation. He is being appointed in the general meeting by the shareholders. It is expected that an auditor is appointed with the mutual consent of the people. Outsiders rely on the information which is stated by the auditor in the financial report. He has a duty to take care of the responsibility which is given by the client. In case if the auditor commits a mistake, it creates a direct responsibility on the management. In case of negligence by the auditor, they are held responsible. Any wrongful intentional act committed by the auditor makes them responsible under the current act. The auditor owes a duty of care in tort to the auditor. The approach is called as privity test. The defendant auditor owes a duty of care in tort if there is a contract in between the parties. In the case law of Ultramares Corporation VS Touch[26] auditor is liable under tort to anyone other than the client. There is a liability of the auditor beyond the liabilities mentioned in the act. There are many responsibilities which can be carried to find the exact possible test for the existence of the possibility. There are several possible tests which can be applied. Firstly for the prediction of the use of financial statement and auditor report, secondly knowledge of the limited class, thirdly the plaintiff who will rely on the given information[27]. The following concept is appropriate as the auditor has responsibility towards the society as well. A stakeholder relies on the information given by them. It is recommended that the auditor should use the responsibility given by the client.

Friday, November 29, 2019

Global Marketing Strategy

Abstract Strategic marketing is one of the most important strategies that many companies have adopted for their marketing. Without strategic marketing, most organizations would be unable to achieve their short and long term goals effectively (Czincota 2009, p. 112). Telecommunication industry requires a very comprehensive marketing for it to succeed (Gershon 2001, p. 45).Advertising We will write a custom thesis sample on Global Marketing Strategy specifically for you for only $16.05 $11/page Learn More Many promising communication companies across the world have employed different marketing strategies in trying to ensure they meet the ever changing market demands. Such companies have devised marketing strategies, which have seen grow over years. However, new companies meet several challenges before they enter telecommunication industry fully. For new entrants, their success is based on only on market researches and well laid marketing strategies (Don 20 05, p.57). Nigeria’s telecommunication services are growing rapidly today. This can be attributed to its fast moving economy and population growth (Hakan 2004, p. 211). As a result, communication technology has found a good ground in this country. Nigeria’s telecommunication industry is today, facing a very stiff competition. There are several communication providers in this industry such as Accat, Accellon Nigeria Limited, Galaxy Information Technology and Tel. Limited, Nigeria Telecommunication Limited and Integrated Communication and Network Services among others. To survive in the market, these organizations have come up with different marketing moves (Hart James 2005, p.113). Nevertheless for any company to have competitive advantage, new marketing strategies need to be developed. This can be carried out through researches to identify new opportunities, niches, segments and marketing mix that have not been utilized (Adcock Al Halborg 2001, p.111). Researches are also necessary for sustainable growth for any company operating in the Nigerian market. Strategic marketing has proved to be the best marketing mode in Nigeria among the players (Brown 2010, p.89). Introduction The aim of this paper is to come up with a new marketing strategy in Nigeria’s telecommunication industry. The strategy is aimed at developing counter competitive moves, customer retentions, market expansions and profit maximization. Consequently, the paper is aimed at identifying sustainable mode of marketing in the global perspective through meeting technological dynamics and multicultural diversity. From the research and literature reviews, despite, stiff competition in the Nigerian telecommunication industry, the country still has a lot of marketing opportunities. This research is for five years organization focus.Advertising Looking for thesis on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Research Objectives To meet the research goals successfully, several objectives are set to guide the research team. The objectives are clearly stated to help for easy understanding and interpretation during the study (Alexander 2009, 117). The following are some of the objectives developed for the telecommunication industry in Nigeria (Creswell John 2009, p.32) To find out possible market expansion gaps expand in a five year period To find out the best customers retentions methods in the market To find out the Nigeria telecommunication marketing trends To determine the best competitor strategies To find out how Nigerian telecommunications’ external environment influence its marketing The objectives were developed based on their achievability, measurability and specificity. The objectives are also useful for developing action plan as they are guides to priorities for the people working on them and specific end term goals. To achieve the goals there are also follow up mechanisms ove r the objectives (Creswell John 2009, p.13). Research Questions Questions were developed to guide the researches during this study. The questions were created to ensure that the research was conclusively covered and the data gathered were consisted and reliable. The study questions used include; What are the opportunities in the Nigerian telecommunication industry? What are the major market challenges in Nigeria? What are the best marketing strategies? How do external organization factors affect this industry? What is the political and economic status of Nigeria? Industrial Overview Nigerian telecommunication industry owes its birth to colonial period when it shared telephone and electric services with the neighboring countries. Today Nigeria has over 108 companies of which 48 are licensed internet and communication providers. The democratic government of Nigeria has lowered its regulation to the industry that many companies are fighting to enter the industry. The main communicat ion provider of Nigeria for domestic and external telecommunication from 1985 has remained Nigeria Telecommunication Limited (NITEL) with several mushrooming private companies. The industry has seen a lot of development since 1993 when the government through Nigeria Communication Commission (NCC) lowered regulations for the private investors (Gershon 2001, p.23). Literature Review NITEL failed to provide effective communication services both locally and internationally in Nigeria. The company was experiencing poor management issues that rendered it unable to effectively operate (Clancy Peter 2000, p. 67). Consequently, was operating under high cost with limiting universal coverage. It only had the Nigeria has only Nigeria Mobile Telecommunication Limited (M-Tel) as mobile cellular provider (Gershon 2001, p.23). M-Tel coverage geographical was small with one switching center and large capacity to manage as a result the first companies to be licensed found Nigeria to be a very fertil e trading ground (Husting 2010, 76). Most of these companies have ventured into mobile cellular phones services provision and internet services (Huang Yingluo 2008, p.214).Advertising We will write a custom thesis sample on Global Marketing Strategy specifically for you for only $16.05 $11/page Learn More Trading in Nigeria has the advantages of supportive government policies, large purchasing power and vibrant economic environment (Phillip 1996, p.117). However, political instability today plays a major hindrance in telecommunication investment (Ludicke 2006, p.119) Research Methodology This research was carried out through case study on the major market operators in Nigerian Telecommunication Industry. The case study was carried out over M-Tel, Galaxy Information Technology and Tel. Limited Accat and Accellon Nigeria Limited. This research method was selected based on its ability to give more reliable information across the growth of each of the orga nizations. Data were collected and recorded for each company before analysis and interpretation were made (Creswell John 2009, p.9). Discussion and Analysis The information collected on telecommunication market in Nigeria that there is a potential growth opportunities in Nigerian Telecommunication industry. This was shown by product, price, place, promotion, people, physical evidences and process data collected (Kerin, 2011, p.119). It was identified that the best marketing strategy is niche penetration. The research identified several loose points among the pioneers such as poor customer services, poor management system and lack of product differentiation (Kotler Kevin 2009, p.34). A lot of financial resources are required for promotion of products through the media and publication to reach as many customers as possible. Most of these companies work with low skilled and lowly paid employees. This is an opportunity for a company aiming at getting larger market share. Such company need high skilled personnel and provides incentives as motivational factor. Strategically, most companies in Nigeria lacks good organization policies for them to achieve their full potential. Marketing policies should limit bureaucratic measures, which might causes delays during service provision (Keller 2002, p.56). To manage Nigeria telecommunication market a company need to focus on changes in consumer tastes, competition system and economic dynamics. A company needs to undertake a lot of research to identify more market niches (Kotler Gary 2008, p. 79). This has greatly attributed to the industry trend as shown.Advertising Looking for thesis on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Fig. 1 Telecommunication Industry Growth Trend in Nigeria Niche marketing is not always easy for companies to execute; organizations need proper machinery for evaluating their decisions as well as advancing. This calls for unending research in the market needs as well as emerging trends. It is also recommended that the company should recruit experts that carry out close supervision on the customers’ need for identification of consumer satisfaction. This is the only sure way of gaining customers’ loyalty as well as expanding market segments in Nigeria (Rogers 2008, p.76). It was realized that Porters Five Score Model and Value Chain were the best marketing models that can be applied in Nigerian telecommunication (Michael 1998, p.216). Additionally, companies need managers with well understanding of Nigerian market. This will be useful in managing organization processes, structures and outcomes. Good management body is also required for liaison roles in an organization since Telecommunication industry relies on several other bodies (Michael 1998, p.211). Fig. 2 Porters Value Chain Anticipated Problems Nigerian telecommunication offers four main challenges global marketers. Political instability is a major for the investors. Consequently, competition is so stiff in the market that strong competition strategies are required. Acquisition of skilled labour is a problem as most companies are hunting them down. Finally, managing the diverse customers’ satisfaction brings a lot of challenges to many organizations (Luther 2011, p. 119) Conclusion The research on Nigerian telecommunication industry care was set into plan after thorough expert researches and evaluations. The market was analyzed and scanned all the possible factors that can affect our operation. Through this, a company can develop a strategic marketing in this market with high expectations of success. Apart from this, constant research is required to manage changes in the market that can be incorporated to produce better services as well as profits. References Adcock, D Al Halborg, C 2001, Introduction Marketing: Principles and Practice, Routledge: London. Alexander, C 2009, Strategic Marketing Management, Bright Star Media, Toronto. Bertocci, D 2009, Leadership in Organizations: There Is a Difference Between Leaders and Managers, Havard, University Press Britain. Brown, D 2010, Experiential Approach to Organization Development, Prentice hall, London. Clancy, K Peter, C 2000, Counter Intuitive Marketing, Random House Business Books, London. Creswell, J John, W 2009, Research design: qualitative, quantitative, and mixed methods approaches, Sage, Los Angeles. Czincota, M 2009, Emerging Trends, Threats and Opportunities in International Marketing, Business Expert Press, New York. Don, S 2005, â€Å"In the Mix: A Customer-Focused Approach Can Bring the Current Marketing Mix into the 21st Century†. Marketing Management, Routledge , London. Gershon, R 2001, Telecommunications management: Industry Structures and Planning Strategies, Lawrence Erlbaum Associates, Mahwah, N.J. Hakan, H 2004, Rethinking Marketing: Developing a New Understanding of Markets, John Wylliea’s, Southern Gates. Hart, T James, M 2005, Nonprofit internet strategies: best practices for marketing, communications, and fundraising success, Wiley, Hoboken, N.J. Huang, W Yingluo, W 2008, Global mobile commerce strategies, implementation, and case studies, Information Science Reference, Hershey. Husting, S 2010, Improve Your Marketing to Grow Your Business: Insights and Innovations that Drive Business and Brand Growth, FT Press, New Jersey. Phillip, K 1996, Outlines Highlights of Marketing by Kotler, Academic Internet Ventura, Publishers. Ludicke, M 2006, A theory of Marketing. Outline of Social Systems Perspective. Regine, Zimmer Frankfurt. Luther, W 2011, The Marketing Plan, How to Prepare and Implement, Broadsway, New York. Michael, P 1998, Competitive Advant age: Creating and Sustaining Superior Performance: With a new Introduction, Simon and Schuster, New York. Rogers, E 2008, Diffusion of Innovation, Simon and Schuster, New York. Kotler, P Gary, A 2008, â€Å"Marketing defined†, Principles of marketing. London, Free Press. Kotler, P Kevin, L 2009, A Framework for Marketing Management, Pearson Prentice Hall London. Keller, K 2002, Strategic Brand Management, Pearson Prentice Hall, London. Kerin, H 2011, Marketing: The Core, McGraw-Hill/Irwin, New York. This thesis on Global Marketing Strategy was written and submitted by user Curt Conners to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Monday, November 25, 2019

Dynamics Of Rebellion Essay Essays

Dynamics Of Rebellion Essay Essays Dynamics Of Rebellion Essay Essay Dynamics Of Rebellion Essay Essay When the Seven Years’ War ( 1756 – 1763 ) ended. England accumulated a considerable fiscal debt and sought to decide this job every bit fast as possible. Prime Minister George Grenville and his authorities reasoned that the debt had to be partially decreased at the disbursal of the Colonies which were held responsible for it by many politicians in London ( Nesnay â€Å"The Stamp Act ) . One of the proposed options to raise the necessary gross was the debut of the stamp responsibilities. a jurisprudence which would necessitate a governmental cast on all of import functionary documents and paperss to do them lawfully acceptable ( Nesnay â€Å"The Stamp Act ) . Grenville determined that this revenue enhancement had to be levied to keep English military personnels in America that were supposed to continue public order at that place. But the settlers saw no demand in the British standing ground forces of 10 thousand work forces in America in clip of peace and believed it was stationed on their dirt to maintain them under control ( Elson â€Å"History of the United States of America† ) . At first. Grenville requested the colonial assemblies to come up with a better mechanism to raise the gross from the Colonies than his stamp revenue enhancement jurisprudence. But as alternatively of suggesting an alternate method most colonial assemblies expressed strong resistance to the proposed revenue enhancement jurisprudence. the Stamp Act was passed in March. 1765 and was due to travel into consequence in the Colonies on November 1 of the same twelvemonth ( Elson â€Å"History of the United States of America† ) . Colonial response When the intelligence of the act reached America. it was received with a storm of indignation and protests throughout the Colonies. The settlers explained their outrage by the fact that England had no right to enforce revenue enhancements on them without their consent and because they were non represented in the decision-making procedure. A particular missive was circulated to all the Colonies in which its writers called for a general Congress that would be held in the fall â€Å"Page # 2† of 1765. As a consequence. the representatives of nine Colonies held the Stamp Act Congress in New York while the other four Colonies expressed their support for its declarations. The Congress criticized London’s policies. questioned its right to enforce revenue enhancements on the Colonies. challenged its power to implement the new jurisprudence. and issued a Declaration of Rights. Its participants besides signed a request to the King and Parliament of England and called them to revoke the Stamp Act which they believed was unjust and prejudiced ( Elson â€Å"History of the United States of America† ) . Meanwhile. as November 1. 1765 was nearing. the Colonies showed their finding to oppose the Stamp Act. Riots broke out and legion meetings were organized in many American metropoliss. Governors and freshly appointed cast distributers shortly realized that it was impossible and even unsafe to seek to implement the new jurisprudence. Most distributers eventually refused to have the boxes of casts that had merely arrived from England ( Elson â€Å"History of the United States of America† ) . The general rebellion was masterminded by several freshly founded organisations. the most celebrated among which was â€Å"The Sons of Liberty† . It was formed in the summer of 1765 of 1000s of work forces who chose the policy of bullying of royal functionaries and were determined to take the ferocious rabble to protect the rights of the Colonies. Businessmens besides vowed to boycott English goods until the Stamp Act was repealed ( Elson â€Å"History of the United States of America† ) . Rioting in Massachusetts In Boston. Andrew Oliver. who was designated as cast distributer for Massachusetts. was faced with the same troubles as stamp distributers in other topographic points. Local townsfolk hanged him in image which they left in a street. Some neighbours tried to take the image but were intimidated by the rioters into maintaining off from it. At foremost. the bulk of members of the City Council did non take the affair earnestly. Massachusetts Governor Francis Bernard â€Å"Page # 3† requested that the Sheriff direct his officers to take the image. However. it turned out that taking down the image would set the lives of officers in danger as the crowd was emboldened to assail them ( Bernard â€Å"Stamp Act Riot. 1765† ) . At the afternoon meeting of the Council. most of its members decided to give up any efforts to take down the image. Some believed that it could be done after the crowd cooled down. But others suggested that the public violence was to be taken earnestly due to the fact that the bulk of townsfolks were involved in it. So they suggested that as they had no existent support. they should make nil about the image as it would merely exasperate the crowd and unnecessarily put their lives in danger ( Bernard â€Å"Stamp Act Riot. 1765† ) . By the terminal of the twenty-four hours. the rabble brought the image to the Town House. went to a edifice that had been erected by Mr. Oliver. and destroyed it in a few proceedingss. After that. they headed for Mr. Oliver’s abode where they foremost beheaded and so fire the image. Mr. Oliver had sent his household off and with a twosome of his friends remained in his house at that minute. After holding burnt the image. the crowd decided to assail the house. They demolished the fencing. broke some Windowss. and so entered the house merely to happen out that Mr. Oliver had fled off. Infuriated. the rabble declared that they were traveling to happen the cast distributer and kill him. They so headed for the two neighbouring houses to look into whether Mr. Oliver was concealing at that place. He was so in one of those houses. but a gentleman told them that Mr. Oliver had merely fled to the Castle. No 1 doubted that if the townsfolk had found Mr. Oliver at that place. they would surely hold murdered him ( Bernard â€Å"Stamp Act Riot. 1765† ) . By midnight. the Sheriff and his officers went to Mr. Oliver’s house with the purpose of carrying the townsfolk to scatter. But the rioters began to hurtle rocks at them and they had no pick but to withdraw. And it was non until after midnight that the crowd dispersed and the town became quieter ( Bernard â€Å"Stamp Act Riot. 1765† ) . â€Å"Page # 4† Uprising in New York The most terrific public violences occurred in New York where Cadwallader Colden. the Governor. tried to implement the Stamp Act and in expectancy of the rebellion ordered to beef up Fort George and had its cannon pointed at the town. He expected the townsfolk to acquire intimidated and disperse. but by presenting such steps he merely farther infuriated them ( â€Å"The Stamp-Act Riot of 1765† ) . Colden was so ferocious that he was ready to fire on the townsfolk every bit shortly as they came closer to the gate of the garrison. But the Sons of Liberty got wind if his purpose and alternatively of ramping the garrison they sent a missive to Colden and warned him that they would hang him if he gave the order to fire on the townsfolk. Terrified. Colden had no pick but to hold back from any aggression against the rioters ( â€Å"The Stamp-Act Riot of 1765† ) . A few hours subsequently the Sons of Liberty demanded to manus over to them the boxes of casts that were kept in the garrison so that they could destruct them. Colden’s refusal to collaborate merely exasperated the townsfolk. who erected the gallows on the Broadway and. like in many other topographic points. hanged the Governor of New York in effigy ( â€Å"The Stamp-Act Riot of 1765† ) . After that they seized Colden’s elegant manager. which was a symbol of his pride and power and after dragging it around the town. made a balefire and burned it every bit good as the image and other belongings from his house. The Governor and other officers did non make bold to interfere as they feared that it would trip a general slaughter that none of them would last ( â€Å"The Stamp-Act Riot of 1765† ) . After holding burnt the image and the manager. the rabble headed for the beautiful house of the city manager of New York and destroyed it puting fire to his rich library and many cherished plants of art. However. all these Acts of the Apostless did non pacify the townspeople’s choler as they failed to acquire clasp of the casts. The rabble sent another missive to Colden in which they threatened to â€Å"Page # 5† storm Fort George and kill all of its residents if he did non give up the boxes of casts to them. The Governor eventually agreed to hold the casts transported to the City Hall and the rioters neer harassed him once more ( â€Å"The Stamp-Act Riot of 1765† ) . Moor. the new Governor of New York who arrived from England. at first besides believed that he could implement the Stamp Act and refused to accept any documents without the governmental casts on them. But he shortly realized the earnestness of the state of affairs and was forced to publically declare that he would non seek to implement the Stamp Act. All these grants were non adequate. though. and merchandisers and townsfolks were still angry and refused to purchase goods geting from England until the jurisprudence was repealed ( â€Å"The Stamp-Act Riot of 1765† ) . Although Colden tried difficult to put to death the Stamp Act. he received no support from London and subsequently was even badly reprimanded by English Government for holding failed to implement the jurisprudence ( Nesnay â€Å"The Stamp Act ) . The abrogation London’s reaction to the rebellion in the Colonies was calm. The Government could non direct the ground forces to America to penalize the settlers and assist British functionaries execute the Stamp Act because it had no money. By 1766. it became obvious that the jurisprudence had brought more problem than net income. British merchandisers complained that they were fring a batch of money because the settlers were boycotting their goods. Parliament began to recognize that take a firm standing on the executing of the act would take to serious effects. So. when the bulk of Members of Parliament in both Houses voted for the abrogation of the Stamp Act. George III granted his consent on March 18. 1766 and the jurisprudence was officially repealed. As a consequence of the Stamp Act rebellion. the Colonies were winning and London was defeated. However. larger jobs between England and America were non solved and ended subsequently in civil war ( Nesnay â€Å"The Stamp Act ) . WORKS CITED: 1. Bernard. Francis. â€Å"Stamp Act Riot. 1765. † Prologue to Revolution: Beginnings and Documents on the Stamp Act Crisis. 1764-1766. Ed. Edmund S. Morgan. 1987. 2. Elson. Henry William. History of the United States of America. New York: the MacMillan Company. 1904. 224-231. 15 June 2008 lt ; hypertext transfer protocol: //www. usahistory. info/American-Revolution/Stamp-Act. hypertext markup language gt ; 3. Nesnay. Mary. â€Å"The Stamp Act. † April 2004. 15 June 2008 lt ; hypertext transfer protocol: //www. marynesnay. com/STAMPACT. pdf gt ; 4. â€Å"The Stamp-Act Riot of 1765. † 15 June 2008 lt ; hypertext transfer protocol: //www. accessgenealogy. com/african/nyriots/stamp_act_riot. htm gt ;

Friday, November 22, 2019

Book Review Essay Example | Topics and Well Written Essays - 1250 words - 4

Book Review - Essay Example This paper describes the book, that focuses on how the parents should handle things that are needed for them to attend the needs of these children. The book also stresses that the parents above anyone else should be the first one to attend the needs of their children. They should also be the first one to know what is happening to their children. In this way, it would be assured that the children would be taken cared of and the children would have a bright future despite having problems concerning their healt. The book also teaches how to deal with this kind of scenario based on the findings of diagnosis. This thing would help them in terms of determining the rightful move in terms of accepting this kind of fate. It also teaches the parents to â€Å"grow with their children† in which by doing so they would develop a parent-child relationship like normal children in which the parents would know the needs of their children and the children with disorders would feel a sense of sec urity in everything they do because they can be assured of themselves. This book focuses more on how to deal with the disorder and a little touch with the definition of disorder. The remaining points of the book comprising developmental disability and what the future holds also points out important details regarding how mental disability has developed and how to treat this negative disorder in a positive way. In such cases, this thing would also help the people in terms of analyzing the extremes of the disorder.

Wednesday, November 20, 2019

Media and Government Assignment Example | Topics and Well Written Essays - 500 words

Media and Government - Assignment Example Theyre doing all the right things, but unfortunately the right things may not be good enough," Rahn said and "My advice to them at this point is to keep up the good work and then pray to the Mongolian Weather Gods to send cold fronts. That’s their best hope for clean air." Government has an authoritarian effect on the media because writer is telling all the details about the bad quality air and said this problem cannot be resolved but he still said government is doing their level best. Vivian states that the premise of authoritarian media systems is that â€Å"the government is infallible, which places its policies beyond questioning† (2011, p. 397). How is this attitude reflected in the Chinese article? In the Chinese article, writer tells all the facts about the bad air quality. He tells all the reasons and how this problem can be solved. His statement about government shows the authoritarian system that is â€Å"Theyre doing all the right things, but unfortunately the right things may not be good

Monday, November 18, 2019

Assignment Example | Topics and Well Written Essays - 500 words - 176

Assignment Example The archeologists further discovered how the city came into being; through a lava-tube cave. These caves and other physical features, according to the archaeologists, symbolized the gods and ancestors of Mesoamerica (Archive.archaeology.org n.p). Other than their religious significance, the features were also used as a focal point for settlement and other activities. The city expanded at a fast pace during the second century until the A.D 600. The city was later torched down around A.D 750 by invaders (Archive.today n.p). The archaeologists, from their findings, concluded that the city’s residents were multiethnic and worshipped a goddess. The discovery of the burial site was the breakthrough of 1999, which was after the discovery of various mass graves from 1982 to 1989. The 2003 excavation at the Teotihuacan led to the discovery of three burial sites believed to belong to elite individuals. In these burial sites, Maya artifacts were present. These Maya artifacts further linked the Mexican capital to the southeast Maya region (Archive.archaeology.org n.p). The remains of these elite individuals were found in cross-legged position and various Maya-style artifacts such as shells, obsidian and other ceremonial items. The discovery of Mayan artifacts confirmed the interaction between the Mayan and Teotihuacan communities. The use of Mayan artifacts by royalty suggests that the two communities influenced each other greatly. This discovery is vital in giving historians insight about the ruling of the city of Teotihuacan. The discoveries on the ancient city of Teotihuacan shed light on this ancient civilization. The presence of mass graves meant that the Teotihuacan community participated in sacrificial rituals (Asu.edu 2014). These sacrificial rituals were very vital to this community as they celebrated state power at the pyramid of the moon. The vastness and orderliness in design

Saturday, November 16, 2019

motivation of the employee

motivation of the employee Chapter Two- Literature Review 2.1 Introduction At one time, employees were considered just another input into the production of goods and services. What perhaps changed this way of thinking about employees was the research, referred to as the Hawthorne studies, conducted by Elton Mayo from 1924 to 1932 (Dickson, 1973).This study found out that employees are not motivated solely by money but also their behaviour is linked to their attitudes (Dickson, 1973).The Hawthorne studies begun the human relations approach to management, whereby the needs and motivation of employees become the primary focus of managers (Bedein, 1993). Understanding employee motivation and its relationship with corporate culture and gender is the focus of this research. This chapter is divided into seven sections; section 2.1 introduces the main subjects of this dissertation and is followed by section 2.2 which discusses employee motivation in small medium companies. The next section which is section 2.3 looks at motivation and the various theories developed by researchers, then section 2.4 considers the role of the manager when it comes to employee motivation. The last two sections; section 2.5 examines corporate culture with section 2.6 on gender and how it is perceived. Finally a summary of the whole chapter is presented in section 2.7. This section will review the most relevant studies on employee motivation and in small medium companies. 2.2 Employee Motivation in Small Medium Companies Organizational scientists and practitioners have long been interested in employee motivation and commitment. This interest derives from the belief and evidence that there are benefits to having a motivated and committed workforce. The Hawthorne Studies A major revision of ‘needs theory came from the work undertaken in the United State of America in the 1920s and 1930s of the Hawthorne Works of the Western Electric Company. This gave rise to a new school of management thinking, which suggested that employees have social needs which are as important as economic needs; these studies concluded that social relationships were significant in the satisfaction of the human need for social contact. The major contribution of this work in understanding employee motivation at work has been to focus attention on the design of jobs and tasks in an effort to make them attractive (Mullins, 2007). Employee motivation could be seen as the internal strength that drives employee performance. This strength enables employees to carry out their duties as expected of them having a particular aim in mind. And in most cases, where this strength is lacking, employees sometimes perform poorly. However, certain factors like job features, individual variation and organisational practices may influence employee motivation to work. It depends on good system that reward effectively, because it is critical as a motivated employee will achieve a great deal (Clark, 2009). According to McConnell (2002) companies have to consider the following steps in order to keep their employees in the organisation: ïÆ'Ëœ The employees perception of the work environment directly relates to the job performance. ïÆ'Ëœ What employees think of their jobs and their employer when the environment is positive ïÆ'Ëœ Improvement of the environment generally improves employee performance. McMackin (2006) states that large corporations have more money, name recognition and benefits to attract the best employees in comparison with small medium companies. Regardless of the positive aspects of larger corporations, many employees leave in order to work for small businesses, since they are able to have faster career advancement. According to Gaebler Ventures (2006) research show ten different motivational factors that are important for increasing motivation both for managers as well as employees; they include promotion potential, interesting work, personal loyalty, tactful discipline, appreciation for work done, good working conditions, help with personal problems, high wages, feeling of being in on things and job security. Gerson (2003) on the other hand states that employees in small organisations may leave for better salaries and benefits. The decision to leave can be affected by feelings of unappreciation, work condition, cultural conflicts, lack of convenience, lack of advancement and lack of support. According to Moses (2005) the basis for employee motivation is divided into two categories; anticipation of reward for work well done, and fear of discipline for mistakes or works done poorly. Motivation techniques at most companies falls into one of these two categories. The ideal for a small-business owner is to motivate employees in a positive way, since employees develop loyalty and personal commitment when they are encouraged to perform well in order to advance and receive recognition and financial benefits. The most negative aspect of this method is the fact that the less hard working employees will be fired or downgraded. The method also lacks teamwork, includes employee backbiting and has no long-term motivation. Wiley (1997) states that the relationship between people and work have fascinated scientists for many years, both psychologists and behavioural scientist, but in both field concepts such as need, motive, goal, incentive and attitude occur more frequently rather than concepts of aptitude, ability and skill. Scientist investigates how personal, task and environmental characteristics influence behaviour and job performance concerning motivation. Motivation does not remain the same over the years, it changes due to personal, social and other factors and it also affects the behaviour of a person rather than end performance. In order to create an environment that fosters employee motivation it is important to explore the attitudes that employees have towards factors that motivate them. When a company know what motivates its employees they are better prepared to stimulate them to perform well. In order to know what motivates employees, organisations must have regular communication and ask employees what sparks and sustains their desire to work (Herzberg, 2003). Most managers assume that their employees have the same motivational drivers as them, but managers must abandon this assumption and focus on the recognition of individual drivers. Findings from a forty year survey demonstrate that employees are motivated by receiving feedback and recognition and those individuals at different levels of the organisation might have different motivational values (Wiley, 1997). Managers have to understand what motivate their employees in order to receive high performance at the organisation. 2.3 Motivation Motivation is the creation of stimuli, incentives, and working environments which enable people to perform to the best of their ability in pursuit of organisational success. It is commonly viewed as the magic drives that enable managers to get others to achieve their targets. Since the dawn of the twentieth century, there has been a shift at least in theory. Many management theorists have provided insights into motivation (Strickler, 2006). Abraham Maslows hierarchy of needs provides insights into personal behaviour patterns. Other influential research has been conducted by Frederick Herzberg, who looked at job satisfaction, Douglas McGregors X and Y theory, which suggest management styles that motivate and de-motivate employees etc. Underpinning Herzbergs theory was his attempt to bring more humanity and caring into the workplace. His theory was to explain how to manage people properly, and to motivate them for the good of all people at work. Many contemporary authors have come up with several definitions for the concept of motivation. Motivation has been defined as the psychological process that gives behaviour purpose and direction (Kreitner, 1995), an internal drives to satisfy an unfulfilled need (Higgins, 1994), and the will to achieve (Bedeian, 1993).For this dissertation, motivation is defined as the inner force that derive individual to accomplish personal and organisational goals (Mullins, 2007). Motivation can have an effect on the output of any company or organisation. Organisations and companies relies heavily on the efficiency of it production staff to make sure that products are manufactured in numbers that meet demand of customers. If these employees lack the motivation to produce and perform to the best of their ability and meet the demand of customers, then an organisation may face a problem which may lead to serious consequences. 2.3.1 Internal and External Motivation Motivation according to Kehr (2004) can be either internal or external, it can be viewed as push or pull determinants. Implicit motives are factors intrinsic to the activity and explicit motives arise from factors extrinsic to the activity. Intrinsic motivation is the key motivation component of employee empowerment and individuals are responsible for achieving their own career success. It is based on positively valued experiences that a person receives directly from their work tasks such as meaningfulness, competence, choice and progress. Bymes (2006) explain that external motivators depend on outside factors to push the individual to complete a task. Kehr (2004) adds that explicit motives are influenced by social demands and normative pressures. Extrinsic rewards are based on reward and punishments controlled by the organisation. Like Bymes (2006) individuals with external motivators are motivated by salary or wage packets. Internal on the other hand is associated with employees who want to be employed in a particular position by a firm whose organisational values and work requirements are closely linked with the individuals personal values and skills. Implicit and explicit motives relate to different aspects of the person, but both are important determinants of behaviour. According to Basset-Jones Lloyd (2005) motivators associated with intrinsic drivers outweigh motives linked to financial and inducement and observing others benefiting from recognition and extrinsic rewards. Like Locke Latham (2004) internal factors that drive motivation and external factors that act as inducements to action is the concept of motivation. Motivation can affect three aspects of work; direction, intensity and duration. Peoples skill, abilities and how and to what extent they utilise them are affected by motivation. According to Katz (2005) intrinsic factors are the main reason for a persons true commitment and motivation. Extrinsic factors like salary and working conditions are also important, but do not give the commitment and excitement that the employee needs. How a person views the assignment and how tasks, information, rewards and decision-making processes are organised are strongly linked to the personal activities. People become more motivated when they identify themselves within a group and contribute to performance as a group (Van Knippenberg, 2000).This relies on the work performed by Locke and the goal setting theory he developed. This goal is team performance and the individual feeling part of the group. The focus of Locke was on the goal but in order to reach the goal one must associate oneself with the group and task. Glen (2006) contend that the most important factor to rely on is feedback since it can help an employee improve his or her performance ; communication is also vital in the world today and can be beneficial to both the manager and employee . 2.3.2 Motivation Theories The traditional form of motivation stated that people could be driven by fear and therefore managers had to be tough. This approach made the employees do the bare minimum and only work while their manager was watching. Research on motivation and it impact on individuals and employees has been undertaken from the mid-twentieth century. Prominent among such researchers include; Maslow1954, Herzberg 1959, Adams 1962, Vroom 1964, Alderfer 1972, Locke 1981 and others. There is intense competition as a result of technological advancement, demographic changes, globalisation, which puts more pressure on organisations to deliver products and services with continuous improvement. The theories on motivation identify individual needs, their expectation and reaction to both internal as well as to the external environment. The various motivation theories are discussed below. Maslows Hierarchy of Needs A ground-breaking theory on the subject of motivation and needs of the human being was advanced by Abraham Maslow in 1954.He stated that there are some fundamental needs for the human being that can be arranged in a hierarchic way. He argued that individuals and for the purpose of this study, employees are motivated to satisfy a number of diverse needs. According to Maslow until the most vital needs are fulfilled, other needs have little effect on the employees behaviour. Once a need is satisfied, and therefore less essential, other needs emerge and become motivators of their behaviour (Porter et al, 2003). At the base of the hierarchy is the physiological needs; food, clothes etc.These are considered primary needs as employees concentrate on satisfying these needs before the others. Physiological needs according to Maslow are undeniably the most pressing of all needs. Once this need is fulfilled, the next level surfaces with the employee becoming anxious with the need for safety and security both at home and at the workplace. Likewise, once the safety need too is satisfied, the employee strives for a sense of membership or an affiliation and a feeling of approval by others. Once the employee finds his/her place in a group or team, the need and longing to be held in esteem, recognised and respect crops up. Maslow asserts that with all these needs satisfied, employees are then motivated by the desire to ‘self-actualise and accomplish whatever they identify as their utmost potential. (Ramlall, 2004) Herzbergs Two-Factor theory According to Herzberg an individuals relation and attitude towards work can determine success or failure. While Maslow looked at individual needs, Herzberg tried to find out how employees felt about their work and what really motivates them. In 1959 he created his two-factor theory by looking at the causes of job satisfaction and dissatisfaction in an effort to fully know what motivate people. He divided the needs into two categories; hygiene factors which relate to the needs that involve the framework of the task they performed and if these needs are not fulfilled there will be dissatisfaction on the part of employees. In essence if you want to motivate employees, concern should be given to the work itself (Ramlall, 2004). Herzbergs hygiene factors can be linked to Maslows hierarchy of needs and primarily the vital needs at the base of the hierarchy. The hygiene needs accommodate the need that arises from the physiological, safety and social or belongingness needs that do not make the employees satisfied in their job, but simply avoid dissatisfaction if fulfilled. In contrast motivator factors are those that allow for psychological growth and progress on the job. They are very much connected to the idea of self-actualisation regarding a challenge, to savour the satisfaction of achievement, and to be acknowledged as having done something meaningful (Basset- Jones and Lloyd, 2005). Herzberg further stated that certain characteristics are related to job satisfaction and others to job dissatisfaction. Intrinsic factors, such as achievement, advancement, recognition, responsibility are related to job satisfaction. Job dissatisfaction is a result of extrinsic factors; company policies, supervision, working condition etc. He assert that a job do not get satisfying by removing dissatisfying factors and therefore dissatisfaction is not the opposite of job satisfaction. In order to understand the employees motivation to work the attitudes of the particular employee has to be known (Herzberg, 2003). To Bassett-Jones Lloyd (2005) Herzberg was interested in the extremes where workers either felt good about work or bad, and this led to the development of extrinsic and intrinsic factors. The extrinsic factors are called hygiene or maintenance factors and are linked to job dissatisfaction. Intrinsic factors on the other hand lead to job satisfaction. The factors were labelled motivators to growth because they were associated with high level of job satisfaction. The two factors are of equal importance when explaining what motivates an employee. They explain Herzbergs suggestion of motivation as similar to ‘internal self-charging battery. For employees to become motivated the energy has to come from within. Herzberg however argues that motivation is based on growth needs; and is founded upon satisfaction born out of a sense of achievement, recognition for achievement, responsibility and personal growth. A review of Maslows and Herzbergs theory lead to further research and theories the first of which was developed in 1962 by Stacy Adams. Equity Theory This theory developed by Stacey Adams in 1962 suggests that since there is no absolute standard for fairness, and employees want to be treated fairly, they are likely to assess fairness by making comparison with others in similar situations. If they find out that they are not treated similarly they may lower their output, their quality of work or even leave the organisation for another where they are likely to be treated better. In essence it is not the real reward that motivate, but the perception of the reward in comparisons with others (Boxall and Purcell, 2007. While a simple theory, this theory according to Latham cannot cover every incident as some employees are far more receptive to perceptions of unfairness than others. It is therefore very important for managers to be conscious of what their employees perceive to be fair and just and also know that this will differ from one employee to the other (Latham, 2007). Vrooms Expectancy Theory Whereas Maslow and Herzberg looked at the connection between needs and the ensuing effort expanded to fulfil them, Vroom concentrated on effort, performance and outcomes. The fundamental concepts key to expectancy theory is that the anticipation of what will happen influences the employees choice of behaviour that is, expectations and valence. Vroom interpreted motivation as a process in which employees choose from a set of alternatives based upon the likely levels of expectation, and called the individuals perception of this instrumentality. Valence in his theory is the assessment of actual outcome of ones performance and together with instrumentality is very central in the expectancy theory (Ramlall, 2004; Mullins 2007). From this theorys viewpoint, an employee assigns a worth to an expectation, considers how much effort will be required, and works out the likelihood of success. If the perceived reward is sufficient for the effort required, the employee may make the effort. Expectancy in this theory is the prospect that they can carry out their duty in a way that leads to an optimistic result. For the employee the amount of effort he/she is eager to put in any performance of task is influenced by the expectation of the outcome of the effort (Mullins, 2007). If the employee works hard then he/she can expect a good work result hence a higher reward. High instrumentality for the employee comes from the notion that if he/she shows off good work result there will be adequate reward. Low instrumentality would then be that the employee feels that the result of the reward will not be independent on the particular work result. Vrooms VIE model is illustrated below. Writing in People Management Magazine, Lees (2008) believes that Vrooms theory give an insight into the research of employee motivation by shedding more lights on how individual goals sway individual performance. Vrooms expectancy theory has been criticised for attempting to envisage a choice or effort. However because no obvious pattern of the meaning of effort exist, the variable cannot be measured effectively. According to Latham (2007), the employee is assumed to deliberately weigh up the satisfaction or pain that he/she expects to attain or avoid and then a selection is made. The theory says nothing about intuitive motivation, something that Locke considered when he expanded Vrooms theory. Alderfers ERG Theory Unlike Maslows theory that refers to an individual who acts increasingly for his/her need satisfaction first, with the simplest one up to the most complex ones, Clayton Alderfers theory (1972) which extended Maslows theory asserts that this course of action is not essentially progressive. According to him, there are three significant categories of human needs: Existence (E) needs which ensures the sustainability and human endurance; food, Salary, shelter etc Relational needs (R) that is socialising need that refers to the relationship between an individual and the social setting and is satisfied by interpersonal relations. Fulfilling these needs depends on the association with others. Growth (G) needs which consists of a persons self respect through personal feature as well as the concept of self-actualisation present in Maslows hierarchy of needs.Alderfer believed that as you begin satisfying superior needs, they become powerful like the power you get, the more you want (Mullins 2007) . Although not fully tested, Ramlall (2004) and Strickler (2006) contend that the ERG theory seems to describe the dynamics of individual needs in an organisation rationally well and can help managers when it comes to motivating employees. To them it provides a less rigid account of employees needs than Maslows hierarchy. By and large, it comes closest to explaining why employees have certain needs at diverse times. Goal Setting Theory Edwin Locke extended Vrooms theory by developing his goal setting theory which takes into consideration the conscious motives that exist when organisations set goals to be met. According to Robbins (2003) Lockes goal setting theory states that specific and difficult goals lead to higher performance with the help of feedback. In addition to feedback, goal commitment, and adequate self -efficacy, task characteristics and national culture have been found to influence the goal performance relationship. Motivation comes from the goal an individual set up based on human needs, personal values, personality traits etc which are shaped through socialization and experience. The behaviour used to accomplish the goal depends on whether the goal is difficult or specific. The amount of effort an individual puts in reflects the level of satisfaction experienced which can lead to other actions (Porter et al, 2003). In order to reach the goals some conditions has to be present; such as feedback, goal commitment, ability etc. According to him, a goal is required in order to create motivation within the employees to perform better than before. He indicates that financial rewards can improve the sustainability of a persons dedication as well as behaviour. .Goal setting and management by objectives programs have grown in the past two decades and motivation has been organised in three categories; personality based view, cognitive decision and self regulation perspectives. The basic idea of Lockes goal setting theory is that employees goals are related to their motivation since their goals direct their thoughts and action. The cognitive decision predicts an individuals choices or decisions and finally the personality-based perspective emphasize personal characteristics as they affect goal choice and striving (Locke and Latham, 2004). The personality-based category does not predict motivation, but it can provide understanding of what motivates individuals. The above theories are part of the broad field of human motivation study and they all have implications for individuals different workplace behaviour. They can also be applied to a variety of management practices aimed at motivating employees. However these researches were carried out in Western Europe and in America decades ago. Can the findings of this research be applied in Ghana which is in a different setting? Will similar research in Ghana yield the same result? T o better understand employee motivation, it is important to know the role of managers who are facilitators of employee motivation. 2.4 Motivating Employees: The Role of the Manager Leadership literature states that motivation is influenced by the nature of the relationship between the leader and employees. Managers according Bymes (2006) needs to hire the right person that is most suitable for a certain job, value its employees and support them in making contributions to the organisations and always try to create a motivated workforce. Motivated employees do not only create a good working environment, they also make noteworthy contributions to the organisations. Good managers make their employees fell like business partners and use empowerment in order to make the workplace and the surrounding environment into a place where employees feel good as well as creating a work wherefrom employees feel good inside (Bassett-Jones Lloyd,2005). Motivation therefore is about cultivating your human capital. The human challenges lies not in the work itself, but in you, the person who creates and manage the work environment. As indicated by Garg Rastogi (2006) in todays competitive environment feedback is essential for organizations to give and receive from employees and the more knowledge the employee learn, the more he or she will be motivated to perform and meet the global challenges of the market place. By involving the employee at work and providing challenging tasks it might increase the intrinsic motivation which transforms potential into creative ideas and this will factor fair and constructive judgement of ideas and sharing of informations.Leaders have an important part in the organisation because they act as the force that motivates the performance of the employees (Katz,2005). Leaders are there to motivate people to follow the designed work and by doing so enhance performance. Although employees look to different elements of their organisation to satisfy different drivers, they expect their managers to do their best to address their needs and concerns. Organisations has to recognize the resources, both human and technological that are available within the organisation and conduct training programs that will contribute to the productivity and the levels of motivation at individual or group levels. Motivating employees begins that to do their best work, people must be in an environment that meet their most basic emotional drives to bond and understand. The drive to bond is best met by a culture that promotes collaboration and openness (Nohira et al, 2008). Motivating employees is vital if employers are to achieve maximum performance and productivity. Contemporary theories on motivation centres more specifically on the relation of beliefs, values, goals with action. Motivation in contrast functions as an engine for inner human growth by providing attractive and demanding task. Motivation theories developed in the western world with their orientation on self-satisfaction and instrumentalism have mainly emphasized on rewarding those individuals who succeed. These theories did not take into consideration the terrain in Africa and also individuals who are highly motivated but incapable of accomplishing. This has produced in some part of Africa and also in Ghana situations where managers are not able to answer the needs of every employee. Studies indicate that employees in the western world draw their motivation from self satisfaction but the same cannot be said of their counterparts in Africa and most especially in Ghana. What do they derive their motivation from? Does the companys corporate culture have any bearing on how they are motivated? Is there a relationship between the companys corporate culture and motivation? The next section will look at motivation and corporate culture. 2.5 Motivation and Corporate culture Corporate culture draws its roots from various sources. This include national and regional cultures, (Hofstede, 1991) the vision and management style (Schein, 1985) and the nature of the business and the environment it operates in and the organisational field where it operates (Gordon, 1991). For this study the relevant cultural roots comes from Ghana. Individuals, especially qualified ones, have more choices with regards to potential jobs offers. How companies motivate place a vital role in attracting employee and competing well todays competitive market. To create a culture that fosters individual motivation is not easy because it takes time to figure out the factors that motivate each employee. It is even more important nowadays as more individuals draw their interest from other things beside money. To understand the importance of corporate culture in this dissertation it is important to first define what culture is. Schein (2004) defines culture as consisting of rules, procedures and processes that govern how things are done, as well as the philosophy that guides the attitudes of senior management towards staff and customers. Referring in his work to the people of a nation Hofstede also defines culture as ‘the collective programming of the mind which distinguishes one group or category of people from another. This endorses the issue that corporate culture is a unique aspect of an organisation, even though it is difficult to manage. According to Schein an organisations culture develops to help cope with its environment. He characterizes culture as consisting of three levels: ïÆ'Ëœ Artefacts which are the most observable level of culture yet are hard to understand. ïÆ'Ëœ Espoused Values; which underlie and to a large extent determine behaviour, but they are not directly observable as behaviours are. There may be a difference between stated and operating values. People will attribute their behaviour to stated value. ïÆ'Ëœ Basic assumptions and Values: the core or essence of culture is represented by the basic underlying assumptions and values, which are difficult to discern because they exist at a largely unconscious level. Yet they provide the key to understand why things happen the way they do. 2.5.1 National culture National culture milieu influences the outlook of an organisations stakeholders. Hofstede proved this with work on IMB employees in 43 countries and how attitude to work and behaviour of employees towards authority differ from one location to the other. In his study he identified five dimensions of culture and demonstrated that there are national and regional cultural groupings that affect the behaviour and activities of organisations. The first dimension is power distance and refers to the degree to which people accept inequality amongst institutions and organisations. The second dimension, uncertainty avoidance measures the degree to which people are willing to accept change and work in uncertain circumstances. Therefore the higher the degree of uncertainty avoidance the more structured people likes things to be (Steers et al, 1993). Individualism which is the third dimension refers to the degree to which people see themselves as being part of a group or as individuals. His fourth culture dimension, masculinity versus femininity refers to the conventional values placed on male such as assertive