The effect of management practices on firm performance.

The effect of management practices on firm performance. Organizations have strategies to ensure attainment of their goals become a fundamental idea for all employed in the organization. This takes sacrifice from several people in dedicating their efforts to attain the target. Managerial role is in fact a pivotal aspect that makes this dream possible. These personnel are the driving force that stresses the need of everyone adopting to the firm’s objectives and policies. Their take in this role will go well if they institute measures in line with the business.Advertising We will write a custom essay sample on The effect of management practices on firm performance. specifically for you for only $16.05 $11/page Learn More Their subordinate staffs must also be in unison with their role to help them implement these measures. In most cases, the firm may experience ups and downs because of resistance from a few senior staffs with different ideas. Therefore, it will call for the need to reach a consensus (Laszlo L aszlo, 2002). This must take into account every employees’ role in the firm’s output. Ignoring ideas from the lower ranks of staffs would send some signals, which make the process a difficult one. As managers look forward to reaching their goals, they would need to strictly implement their role in the firm, while at the same time abiding to the organization’s objectives and policies (Kubiszyn Borich, 2009). In this context it is necessary to address five main managerial roles and how they have a lasting impact on the organization if not instituted well. The first role is planning, managers have to know the desired direction the firm is focussing on, this will help formulate tangible policies in advance in line with needed changes (Laszlo Laszlo, 2002). Planning defines the future outcome and the firm’s growth in terms of turnover rates, financial gains, manpower, and other prospects. The planning method instituted must therefore, predicts the business c ore functions to be reliable. A reliable prospect is likely to bring change in all facets within the organization endeavours (Rocha Tordera, 2008). This must align with the company’s mission statement and core values to ensure smooth flow of operations. Managers would be tasked with ensuring their plans are genuine and do not contradict the business purpose. To achieve this it would be essential to have general and specific approaches that define the stages of chore implementation to avoid chaotic operations. This ensures every stakeholder attains the set target timely. Sound planning would yield tangible results at the end of specified period if properly implemented. This should be the basis of planning for the next financial year. But sometimes the company may decide to overhaul the initial plans if the management realises the process does not bringing anticipated returns (Marques Simon, 2006).Advertising Looking for essay on business economics? Let's see if we c an help you! Get your first paper with 15% OFF Learn More Secondly, organization in any business setting is a pivotal aspect that helps the firm attain its goals and objectives. This is the cornerstone in the sense that it ensures the workforce aligns to specific chores and strives to attain assignments as specified. Organization of workforce in line with the firm’s policies protects the welfare of both parties; this ensures a reliable process that is accountable and free from mismanagement. A good organizational skill in a managerial post suffices in making the personnel contribute immensely (Kubiszyn Borich, 2009). Assignment of activities to the workforce would consider factors like ability in the capacity, experience, and individual qualifications. Managements need to grasp these basic issues to enable them run organizations profitably. Recruitment of the right people for a given chore should be in the firm’s policy, their method of hiring should a lso help organize the institution to achieve its objectives. Many organized firms have measures that evaluate their human resource in terms of performance and attainment of specific targets within dockets. This provides them with alternatives like holding refresher courses and workshops to keep them updated on their chores; others have schemes of rewarding the best performers. The approach has an impact of boosting working morale, which translates in high profits (Marques Simon, 2006). Thirdly, commanding the employees in a sober manner makes them realise the importance of attaining the firm’s mission and this would help in moving everyone forward. This function may not go well with every stakeholder in the firm, but it is crucial in instilling a working culture, which translates into good returns. Supervisory skills help these personnel attain their duties without sending negative omens. These must be in accordance with the policies and objectives to make everyone comprehen d the necessity of doing that. In certain instances, inspiration is possible through clever commanding method. One can make the approach in a way that it would inspire workers to respond positively in realising the set target. This should help restore sanity especially if a department fails to maintain the standards it ought to attain. Unlike planning and organization, this managerial function can undergo neither overhaul nor reinstitution; it therefore, depends on signals of poor workmanship. Commanding would not apply in most cases because responses come from specific signal as stated above but it does help to ensure completion of the right chores within a specified duration (Rocha Tordera, 2008).Advertising We will write a custom essay sample on The effect of management practices on firm performance. specifically for you for only $16.05 $11/page Learn More Fourthly, coordination links the first three functions to bring order within the firm. Managers sh ould ensure coordination of entire duties is prompt for effective implementation. This ensures those concerned identify with specific roles and thus embark on appropriate measures of tackling them. When planning, the most vital aspect is attainment of the project mission (Rocha Tordera, 2008). This largely depends on good coordination of human resources. To attain this, manager will have to be knowledgeable in all areas of importance and deploy skilled personnel to those dockets (Laszlo Laszlo, 2002). Reviewing of each section’s performance would also help in coordination because this draws attention to a segment that lags behind and recommends institution of new force to take the mantle burning. Therefore, evaluation of output and turnover helps in identifying measures that needs institution and implementation before carrying out coordination to restore the projected plan. Finally, controlling business activities is the other managerial function. This is the main role that the previous four functions would hardly attain core values without it. Strategies laid in the initial stages need evaluation and scrutiny to enable relevant authorities take a bold step in controlling the business empire back in track. Deviation of reports from projected outcome will need examination of possible causes and coming up with models to help restore the process. Analyst will provide recommendations to the executives who eventually channel their advices to managers to take decisive steps in controlling the firm’s activities back on track. In most instances control of functions would be in line with the company’s objectives. This provides harmony across various business sections under control. In scenarios where there is no institution of these five functions the organization would fail to realise its mandate. The aftermath would be low turnover and financial loss (Marques Simon, 2006). References Kubiszyn, T., Borich, D.G. (2009). Educational Testing and Measurement: Classroom Application and Practice (9th ed.). New York: John Wiley Sons.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Laszlo, K.C., Laszlo, A. (2002). Evolving knowledge development: The role knowledge management in a changing world. Journal of Knowledge Management, 6(4), 400-412. Marques, D.P., Simon, F.J. (2006). The effect of knowledge management practices on firm performance. Journal of Knowledge Management, 10(3), 143-156. Rocha, F.S., Cardoso, L., Tordera, N. (2008). The importance of Organizational Commitment to Knowledge Management. Comportamento Organizacional E Gestao, 14(2), 211-232. Web.

Law - Finance and Investment Law Essay Example | Topics and Well Written Essays - 4000 words

Law - Finance and Investment Law - Essay Example In the United Kingdom, there was a survey which was conducted by the insurance industry. The results showed that the UK annually loses  £85 billion every year, and more than half of this amount is related to drugs. However, there are a number of laws in the UK which can prevent the occurrence of money-laundering. One of the important obligations that a British citizen has, is to report a case of money laundering if he or she is aware of that. If the person doesn’t make a report however, he or she may have to spend fourteen years in prison. The Authority of the House of Lords (2009, p.8) states ‘Money laundering involves the following stages, which may overlap: Placement stage: where cash derived directly from criminal activity (for example, from sales of drugs) is either placed in a financial institution or used to purchase an asset; Layering stage: the stage at which there is the first attempt at concealment or disguise of the source of the ownership of the funds; Integration stage: the stage at which the money is integrated into the legitimate economic and financial system and is assimilated with all other assets in the system.’ In essence, money-laundering is the process through which illegal money obtained from means such as drug trafficking, prostitution and extortion is forced through a cycle which eventually makes that same money appear as if it was obtained through legal means. It’s extremely difficult of putting a perfect value of money-laundering. The International Monetary Fund of the IM F estimates that the money-laundering industry worldwide is worth about one trillion U.S. dollars per year. This amount is 3% of the world’s aggregate gross domestic product. The Authority of the House of Lords (2009, p. 27) states ‘The major exception in international practice to the default position, mandated by the UN

David Cole Interviews Dr. Franciscek Piper Essay

David Cole Interviews Dr. Franciscek Piper - Essay Example Franciszek Piper regarding the changes made in the gas chambers, signaled him some mysteries behind the Auschwitz camp that are yet waiting to be unlocked. Due to these inconsistencies, he concluded this video through a â€Å"revisionalistic† claim that the holocaust did not happen; that no one was ever gassed in the gas chambers. In my opinion, it was not wrong for David Cole to make his own assertions regarding the Holocaust. After all, he is entitled to his own opinion and to his own quest for the truth. However, what made this very controversial, especially for the Jews and for the Jewish Defence League led by Irv Rubin, is that Cole’s work was made so powerful by showing real interview footages with the considered experts, who are supposed to tell a detailed, honest, and accurate information to the public. Even more, he is Jewish by birth. Nonetheless, this type of work serves as an eye-opener that things that are claimed to be â€Å"truths† should also be examined for us to have a more credible and accurate

A Study On Cambodia Tourism Essay

A Study On Cambodia Tourism Essay Cambodia is not an isolated case: tourism is a key sector in many of the least developed countries (LDCs), a grouping officially recognized by the United Nations in 1971. Still, their overall share in international tourism is small, accounting for less than 1% of global tourism receipts. Over the last few years, information and communication technologies (ICT) have had a growing impact on tourism promotion, marketing and sales. With the advent of new forms of ICT, a novel type of tourism, e-tourism, has emerged that is radically transforming the international tourism industry. More and more people now prefer to search for information on tourism destinations and offers on the Internet. But in most cases it is not developing countries that benefit from new tourism opportunities. World tourism is mostly concentrated in a handful of rich countries, which both run the business and reap the benefits. Most information on tourism opportunities in developing countries is generated, updated and marketed online by major international service providers based in developed countries. With their obvious technological advantage, these providers carry out most of the sales transactions and absorb a large share of the profits. In African LDCs, up to 85% of total profits from the tourism industry are repatriated to developed countries. The situation is not much better in the Caribbean (80%) or Asia (70% in Thailand and 40% in India). What can be done to reverse this trend? One solution is for developing countries to take Fadvantage of the new opportunities offered by ICT to brand and promote their own tourism industry. Unlimited and low-cost access to world markets and information and trade networks is essential. To achieve this would require wider involvement of local small and medium-sized tourism enterprises in global ICT networks as well as innovative national ICT policies for the sector. But the challenge is worth it: e-tourism could help developing countries exploit the untapped development opportunities tourism offers and, if set up efficiently, could give them better control of their own tourism industry.

He can see those eyes, those beautiful blue eyes stained with blood and evil – Creative Writing

Sweating, He awoke from this nightmare. Breathing in frantic, panicked breaths. He often woke up like this. Always the same nightmare. No matter how he tried he could never get back to sleep. Those eyes he saw, they haunted him, no matter how he hated to admit it, they completely controlled his life. Ever since that night three years ago when his life was ripped to pieces†¦ just like his parents. He'd grown up in a small town called Raggs on the east coast of Germany with his Mother, Father and twin sister. To their neighbours and friends, they were a normal family, but He knew different, he knew of his father brutality and abuse towards his sister and mother. His sister would come into his room late at night, covered in bruises and shaking. She hated their father; she'd always talk about how she wished he was dead, that one day she was the one who'd kill him. That she'd kill our mother too for not protecting them, for letting him beat her. He always agreed. He thought they were just words that helped her release the pain inside herself. Until he saw it. He was walking home from football practice late at night, it was cold and there was a heavy fog. His friends had all gone home before him and he was alone. He walked as fast as he could; these streets were dangerous after 8pm. It was cloudy and the moon was hardly visible. There was something wrong about that night. It was too quiet. As he approached his front door, he could smell an awful scent, it reeked of blood. He rushed inside, the smell was overwhelming, he felt faint. All the lights were off, but he could tell someone was home, the house always smelt of fresh flowers, his mother loved flowers. It was too odd. He heard a shuffling noise in the back room, almost as though someone was dragging something. He tiptoed along the hallway, trying to be as quiet as he could, feeling along the cold walls to keep himself from tripping up. He felt something wet on his fingers; in the dim light it looked black on his fingertips. It was blood. Now that his eyes had adjusted to the darkness, he could see it. Blood everywhere, all over the carpet and the walls, drag marks going into every room. His heart was thumping inside his chest, his throat was dry. What had happened? Had his father gone mad? Was there a murderer in the house? What had happened to his sister? His mother? He crept into the back room, holding his breath, what would he do if they noticed him? He didn't know how to fight. He scanned the room with his strained eyes; the curtains were pulled; only a little moonlight lit the room. There was someone sitting there, on the sofa. Staring at him, so it seemed, though he couldn't see the persons face. The mysterious stranger stood up and started walking towards him, he could feel himself hyperventilating. From the silhouette, the stranger seemed quite short, about his height with a feminine figure and short hair. â€Å"I told you I'd do it, Ien.† The stranger whispered, getting closer. That voice. It was familiar, soft and girly, but it sounded wrong. It was too harsh sounding. Too menacing. The light filtered in through the gap in the curtains. His eyes were drawn to the figures on the floor around his feet. A stifled scream escaped his lips as he realised who they were. It was his mother and father; they were white as snow, apart from the blood painted on their skin. He looked back up at the stranger, tears spilling from his eyes. His green eyes met deep blue ones staring back at him. He knew those eyes. He knew that same green cross-shaped scar that he himself wore under his left eye. It was his sister. They weren't their real parents, but they'd adopted them when they were 6 and treated them with nothing but love and affection, until the beating started. But it was a family, and that was more than enough for Ien. He couldn't remember much of his real parents, his mother died in childbirth and his father was violent. But he couldn't remember how he got this scar, and why Lena had it too. It was a strange scar, his was a cross, like you get at a gravestone, it was tinted blue and stained under his left eye. Lena had the same, but hers was upside down, and green. It would be logical if they were born with them, but they weren't. He couldn't even remember where his dad went. Neither could Lena. They both blacked out one night, and woke up in a hospital; apparently they were comatose for 2 years. The frustration of not knowing things was too much to bear, Ien liked having answers, Lena always told him that sometimes the answers were best left to the imagination. That the answers weren't always the answers you wanted. â€Å"Lena?† He whispered. His heart was racing, what was happening? Why was she looking at him with such dreadful eyes? His father's eyes. â€Å"Lena, what did you do?† â€Å"Sometimes the answers aren't always what you want to hear.† She giggled. She started walking towards him, the weak, rotted floorboards beneath her creaking as she moved. He saw a flash of light from her hand, she was holding something. A knife. He heard the drip-drop of blood as it ran off the blade, filling the cracks in the floorboards, slowly getting closer. â€Å"And my name is not Lena. Lena wouldn't hurt a fly. She's so weak. But I'm stronger than Lena. I've seen the things she's gone through, I feel her pain. She's crying inside me. But this time I'll take over, she can't hold me back anymore.† Ien drew a long, shaky breath. He could feel the tears filling his eyes. Who was this monster? Dirtying Lena's hands with the blood of the people she loved the most? He couldn't let Lena be destroyed by this thing that is controlling her mind, but she's getting closer. He was so confused. What did she mean by ‘She won't hold me back anymore'? Were there two Lena's? Before Ien had time to figure everything out, she had the blade at his throat. The cold metal cutting into his skin and making his hair stand on end. She brought her mouth close to his ear, her cold breath chilling him to the bone, she whispered â€Å"And now it's your turn.†

Review Of Entwistle’s Integration Of Psychology And Theology Essay

Starting with differentiating that which is wholly a biblical worldview and vigilantly avoiding the â€Å"roadblocks† that the readers might mistake as something else other than the essentials of Christian beliefs, the author, Dr. Entwistle (2004) nudges in graduated measures to a clearer understanding of where he intends his reader to reach: which is the integration of these two distinct paradigms. For the author, looking at psychology and/or human behavior and its complexities as a faithful Christian, human individuals are understood as well as coined by different terminologies other than their biblical counterparts (Entwistle, 2004). To arrive to a common understanding of the fundamentals of Christianity and to relate that to social science is not an impossible task at all despite the â€Å"wide chasm† that had been erected by certain schools of thoughts coming from either side. Presuppositions or philosophical conceptualizations are the pillars of any worldview, and to successfully establish a new one requires that changes or reinforcements be made at this plane. The integrative approaches were framed at this level so as to remove mental oppositions as they arise every time in one’s thoughts. When this is not adequately laid down, no audience can align their thoughts or understanding with what the author (i. e. , David Entwistle) tries to convey (Entwistle, 2004). According to the author, social science and the basic principles of the Bible do not antagonize scientific findings, in most occasions. They do not come in conflict with each other in most of the ideals. For instance, the psyche or soul and its make up; rather science in a way confirms (as if it needs confirmation) what the Bible long declares (Entwistle, 2004). The issue then is not accepting a secular psychology nor accepting a liberal theology; rather it is the accepting of psychology as a discipline science. Narrowing it down, psychology simply tries to study the human mind and how it functions. The Christian mind is the focus of most of the New Testament doctrine and principles. Its sanctification and renewal is one of Christianity’s lifelong primary objectives; and it is definitely God’s objectives as well as declared clearly in the Scriptures. It is His will for the people’s lives to have their minds changed or renewed. In this standpoint, science very well is able to relate its findings with how the mind works and how man relates these workings in his milieu and/or community (Entwistle, 2004). Dr. Entwistle puts aside every seemingly combatant view against psychology in general, and against seemingly narrow Christianity as well; so as to remove doubts to the a feasible and possible integration of psychology and Christianity (Entwistle, 2004). Declaring pitfalls of immature faith and pop psychology which respectively, easily captivate enthusiasts and followers alike, the approaches that the author actually took was to set aside what competing worldviews were there and faithfully move to abide to the demands of the Scriptures at the same time embracing the plausible scientific evidences that are emerging in psychology and examining these in the light of a complete revelation of the message of the Scriptures (Entwistle, 2004). Much appreciation goes to the scholarly work of Dr. Entwistle. His wide grasp of Scriptures and doctrines of the Christian faith is very impressive. It is with the impression that the author has a deep thirst of the things of God and of the beauty of His plan of salvation. Equally, his search for the basic functioning of the mind and behavioral activities of individuals are evident throughout the accounts in the book (Entwistle, 2004). What bothers me about this book is that Dr. Entwistle must have kept his philosophical discussions to a minimum so that his audience or readership will be able to digest at that level. There are theological questions that are not satisfied just by going through the presuppositions (Entwistle, 2004). Though this is essentially a requisite, still, major doctrines in the Christian faith cannot be sufficiently addressed within the pages of his book. Just like when he mentioned about â€Å"Athens and Jerusalem† right from the beginning of his treatise. The author should be careful about discussing the two kinds of wisdom that he proposed through the â€Å"locations† he mentioned. The Jerusalem that he talked about in his book as referred to by Tertullian is not representative of a thorough grasp of the Christian faith that is balanced and sound (Entwistle, 2004). Another thing is that no matter how important the contribution of Psychology is to the understanding of human behavior, to say that it can help our Biblical understanding is an affront to the admonition and declaration in 2 Timothy 3:16 that the Scriptures is complete and enough for it is able to deal with the entire man. Though I do admire the work and breakthrough of psychology and its scientific procedures providing an honest and realistic proof to many of the realities of human activities, the important integrative approach is still to present both as important in their own right and yet the Biblical picture elevated to its rightful place. I guess that is what Dr. Entwistle actually really wanted (Entwistle, 2004). Another thing that bothers me is that, how many Christian counselors are prepared to help their clients sort the distinctions and similarities between psychology and the Christian faith? This is important because basic to therapy success is that when therapist and client share similar worldviews, the therapy may then advance (Entwistle, 2004). To come up with the balanced worldview (an integration in other words), the balance between the realms mentioned, including the true frame of human individuals and the true nature of God (or theology) are properly considered (Entwistle, 2004). Thoroughly accepting the fact that there is no contest between the natural and the spiritual; only that troubles arise when one realm is overemphasized at the expense of another. This thin line or slight tension between the two levels is best expressed in the personhood of Jesus Christ, who was a perfect man as well as God. If we start to equate ourselves with that notion (which is usually happening) and we start to think that we are balanced, then we surely lack understanding or real self-awareness of the fact that we are deeply and seriously out of balance and this is one reason why we need help.

Modern Media And Its Impact On Society - 1655 Words

Most countries around the world have cities and people that exist within media saturated spheres. Consumerism and commodification promote items to most economic classes, and through marketing they are urged to purchase and consume the products advertised. Japan is no exception to this, but there is a slight difference that appears to set Japan apart ever so slightly. In Japan, there is a group of consumers, sometimes regarded as a subculture, known as the otaku. For now, just bear in mind that the otaku are a group of consumers, often male, who purchase items associated with popular cartoons, videogames, and comics. They purchase these items and care for them with a reverence comparable to Western fandoms. The otaku, however, are more than fans. They engage in normal fandom behaviors, such as consuming popular media, creating works associated with the media they are a fan of, and supporting the creator or studio that produces the media they are fans of. In addition to these behavior s, the otaku also live in a society that is heavily influenced by rigid societal structures and tradition. With these elements in mind, the otaku can be examined in a myriad of ways. Historicism, sociology, anthropology, fandom studies, and feminism are just a few of the ways in which to examine this group. Many may wonder why studying this group may be beneficial, and the reason is that this dissertation has found just one of many reasons to examine the otaku. The reason is that theirShow MoreRelatedThe Impact Of Digital Media On Modern Society1618 Words   |  7 Pageslast two decades, our view of mass media communication in modern society has been extensively reconfigured by the â€Å"new media† applications stemming from the rollout of digital technologies. In so many different ways, the digital media has come to be seen as the definitive technology of our times. 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