Thursday, October 31, 2019
Human resource management for public and nonprofit organizations Essay
Human resource management for public and nonprofit organizations - Essay Example The Fair Labor Standards Act of 1938 is a federal statute of the USA, which governs job compensation. Its main provisions deal with minimum wages, overtime pay, equal pay and child labor rules. It also requires employers to keep records of the hours the employees have worked. In addition, the Act divides employees into exempt and non-exempt workers. Title 29, Chapter V, Part 541 of the Code of Federal Regulations (1993) defines exempt employees as those who spend 80 percent of their work time performing administrative tasks as their primary responsibility, executive tasks (exercise discretionary decision-making, manage and regulate organizationââ¬â¢s work), or professional duties that require outstanding or advanced skills or knowledge (272). State and local governments are not bound by federal minimum wage requirements. Nevertheless, they can require only the same or higher than the federal minimum wages. Though many people do agree with such a state of things, many oppose it. Opponents of comparable worth claim that pay disparities are a result of supply and demand trends, and that the value of labor should be calculated on a scale of socioeconomic value. On the contrary, the advocates of comparable worth believe that labor market rates are not entirely objective. In fact, the federal courts have not recognized comparable worth under the Equal Pay Act or the Civil Rights Act of 1964. Still, various legislative bodies have acted to remedy pay disparities across jobs of similar value to organizations (277 - 278). To sum up, the Director of HRM should know that compensation systems should be designed in such a way that they will attract, motivate, and retain proficient employees. There is a number of factors that defines salaries paid to the employees of public and nonprofit organizations. Market factors influence external equity, while job evaluation or job worth influences internal equity. Since the hiring criteria for public and
Tuesday, October 29, 2019
Assistive Technology for Students with learning disability Essay
Assistive Technology for Students with learning disability - Essay Example This research paper will analyze the use of assistive technology in schools and how it has helped students with learning disabilities. Both USA and UAE have embraced the use of technology in the education systems. Since technology has become an integral part of our lives, we need to incorporate it in our everyday lives. Technology has helped to revolutionize the education system around the world through increasing the learning opportunities for learners. Assistive technology was introduced in USA as an Act to help individuals with learning disabilities. Over the years, the use of technology to help the student with learning disabilities has greatly increased. Many schools are incorporating assistive technology into their classroom activities. In the UAE, use of assistive technology has not been fully embraced compared to USA. This is because the government is concentrating more on students without learning disabilities than students with learning disabilities. USA is more conversant with the use of assistive technology than UAE. USA has embraced the use of computer systems that help students with spelling problems and slow in writing (Manikam, 2014). Assistive technology for learning disability refers to any tools, equipmentââ¬â¢s or devices that help students with learning disabilities compensate or bypass a studentââ¬â¢s disability. Over the past few years, studies show the efficacy for students with learning disabilities. The assistive technology helps to increase the childââ¬â¢s sense of independence and self-reliance. The assistive technology does not eliminate the disability but helps the students cope with them. It helps the students with learning disability to capitalize on their strengths and be in a position to deal with their disabilities. Assistive technology helps to address many learning disabilities. These learning disabilities include listening, writing, reading, mathematics, and
Sunday, October 27, 2019
Globalization And Global Governance
Globalization And Global Governance Over the past years, global governance and globalization and the relation between the two, has become a much discussed subject. There are various definition of global governance; its role, its nature. Likewise, there are even more definitions regarding globalization. There are several strands of expert which disagree on when the origins are traceable, ranging even thousands of years and, moreover, some differentiate a range of separate fields to identify specifically the nature of globalization during time. Research has brought up various issues in the relation between global governance and globalization and whether or not this relation has been always even. The main question; has globalization rendered global governance ever more essential than in the past, is based on the metamorphosis of the state during the past decades, the economic crash and the massive progress in transport and communication. The aim of this essay is to understand how global governance has changed and how it imposed itself differently compared to the past decades and centuries. In order to answer this query about todays different influence of global governance over globalization, this essay will examine various theories and definition regarding globalization and global governance. As a result, the role of the state, the different kinds of globalization and governance will be examined. II: Globalization Global Governance Theory of Globalization Globalization is a very complicated matter: nobody seems to be in charge, yet it is progressing as we research it. What is behind the idea of Globalization? What do we mean when we talk about it? The term itself was introduced just recently. Globalization lacks in fact a main definition still today. McCrews shortest definition given is: Globalization can be defined as the intensification of worldwide social relations which link distant localities in such a way that local happenings are shaped by events occurring many miles away and vice versa (A.McCrew, pp.60) The term Globalization as a matter of fact, includes a wide variety of theories and view of what is essentially reality; another definition could also be Globalization is a global movement which aim is integration, whether economic or financial or in communication. Another broad definition could be Dirk Messner view over globalization: Globalization denotes a process in the course of which the volume and intensity of transboundry transportation, communication, and trade relations are rapidly increasing (Dirk Messner, pp.29) However it has been agreed that Globalization has, is and will, without doubt, massively increase speed of global interconnections in most aspect of life. This includes culture, which spreads from a country to another throughout television and internet; or finance, which throughout a wider connection over the world, finds different markets. Technological progress rushed globalization in a world that from day to night has given new perspective to virtually anything. Even though Globalization might be a recent topic, its nature is traceable to pre-modern history. Clearly traveling very short distance, by settling in other areas, people would bring along their culture and traditions as well as their products and technologies. Globalization starts as a mixing and adaptation of culture, knowledge and also languages of outside influences which interconnect with local population. A.McCrew, in fact, redefines his previous definition by saying that: Globalization can usefully be conceived as a process (or set of processes) which embodies a transformation in the spatial organization of social relations and transactions, generating transcontinental or interregional flows and networks of activity, interaction and power. (Mc Crew, pp.43) However, as McCrew realizes later: Globalization today is different from the globalization of the 19th century, when European imperialism provided much of its political structure and higher transport and communication. Cost meant fewer people were directly involved. (A.McCrew, pp.77) In fact, globalization today, yet again according to Mc Crew, must reflect four general characteristics: it must involve social, political and economic activities across political boundaries, regions and continents; a strong intensification of interconnectedness and flows of trade, investment, finance, migration, culture etc.; these connections are related to a speeding up of communication and transport which carries ideas, people and goods; the interconnection and interaction globally are so intense that the effects of a distant event can be highly significant elsewhere and even the most local development may come to have enormous global consequences. However, Joseph Stiglitz describes globalization differently, as an: [à ¢Ã¢â ¬Ã ¦] international flow of ideas and knowledge, the sharing of cultures, global civil society and the global environmental movement.(J.Stiglitz, pp.4) Therefore from Stiglitz point of view, Globalization can be divided in to various branches: Economic Globalization, so covering international flow, trade, foreign assistance; Social Globalization, caused by the interconnection of more societies and cultures; and Environmental Globalization, where the challenge is global warming. This differentiation turns out to be very useful to understand how globalization affect or is affected by global governance, specifically from an economic point of view The Three visions of Globalization There are three different points of view regarding the contemporary nature and meaning of globalization: the Hyper globalist, the Skeptical and the Transformationalist. The first stand for a world which is increasingly global, and where political and economic processes and pressure have changed the state. To them the nation-state is deteriorating shown by the fact that the state decision making has vanished and national representatives powers are weaker. The second, skeptical, have a total opposite view to the Hyper globalist; they claim in recent times the states have actually acquire even more power even though there has been some major swift in the international scene. The third, the Transformationalist accept globalization as an actor which has indirectly created new economic and political scenario but that even so, this scenario has actually come in handy to states range of powers. Moreover, Transformationalist, despite arguing a major predominance of the state, declares that politics must overlap the nation-state concept. All of these contemporary points of view can be considered to some extent confused: the hyperglobalist do not realized the new position the states are assuming in global governance, skeptical possibly still live in the Cold War and declare globalization a new form of imperialism, and finally Transformationalist, who totally forget about the traditional force. These are some of the critics put in place by the Constitutive, a fourth point of view: Constitutive consider globalization as product of millions of factors and therefore couldnt emerge by applying one of the three traditional aspects. Possibly one of reason between many, above all, is the fall of USSR and the US reorganization of the global architecture. Theory of Global Governance Before explaining Global Governance, it is fair to split Global from Governance. Therefore, what is Governance? According to Vayrynen, Governance is: [à ¢Ã¢â ¬Ã ¦] is the sum of the many ways individuals and institutions, public and private, manage their common affairs. (Vayrynen, P.25) Governance, as the word itself suggest, is the act itself of governing, the process or power of governing. These processes are normally exercised by a government. Essentially, Governance is the result of the government. However, governance is different to politics, which is the process in which different group of people with different opinion, meet to reach a compromise. The process of Governance normally doesnt spark from a group with different opinions but still uses the same means. Accordingly, Global Governance refers to the: [à ¢Ã¢â ¬Ã ¦] collective actions to establish international institutions and norms to cope with the causes and consequences of adverse supranational, transnational of national problems. (Vayrynen, p.25) Global Governances collective decisions are aimed to shape and define a goal or goals at the global level. Global Governance forms a series of rules which purpose is to work globally no matter what the national laws are. This global level characteristic is the reason why it is frequently associated to Globalization, as the two influences one another as much as they are associated. However where and when did really Global Governance started to matter it is not certain. Possibly at the beginning of the 19th century. What is certain is that after the belle à ©poque, the world started to crash. A new era of highly interrelated global interdependence had begun and the worlds answer had been international institutions. The first and most important post World War I institutions was the League of Nations, which was supposed to maintain peace but miserably failed giving us World War II. The second attempt shows much more success with the United Nations. Between WWI and WWII, we have the first modern economic crash and the Great Depression. On the same wave of new international institutions, IMF and WB are born for a higher economic protection. However, this time round, the economic institutions have failed: nations which have followed IMF had economic crisis, the WB is mainly divulgating American economics and yet today, developing countries (which in some cases thank s to the combination of over speeded up globalization and bad governance) have even worsen their situation and still have little representation. Finally, the Cold war. According to the commission on Global Governance, after the Cold war, global governance was the new beginning of a new era, supposedly of peace and international political progress: [à ¢Ã¢â ¬Ã ¦] international developments had created a unique opportunity for strengthening global co-operation to meet the challenge of securing peace, achieving sustainable development, and universalizing democracy (Commission on Global Governance, 1995) The Nation-State The peace of Westphalia is the origin of the a system of nation-states. These then evolved in the 19th century as the main actor of territorial policies and subsequently passed to the welfare state. Before the massive expansion of political, economical and social benefits and issues around the world had started due to globalization, and before the progress in transport and communication had opened markets to the world, the Nation-State was the center of everything. Certainly, because of globalization, States have been weakened due to the fact that some of their actions have either been diverged to international institution or have become of international interest. While the State would act in favor and interest of the Nation, now a more collective action is requested and national issues are shared between numerous populations, converting therefore to a global level. As a result, on one hand, Nation-States today comprehend how their actions may concern numerous other nations and population, in fact: state will come to function less as all-purpose providers of governance and more as the authors and legitimators of an international quasi polity; the central functions of the nation state will become those of providing legitimacy for an ensuring the accountability of supranational and subnational governance mechanism which exercise various forms of private authority (P.Hirst, p219-220) However, on the other hand, there is yet no real international actor, no global level democratic institution, which is supposed to take care of the national and international issues, spread and caused by globalization. In effect, quoting yet again Hirst: while the capacities of the states for governance have changed in some respects, and many states have lost the ability to act independently, they remain pivotal institutions, especially in terms of creating the conditions for effective international governance (P.Hirst, p219) Under a more national point of view, the States still today have full authority over its own territory, an viceversa: Globalization is deterriorialization. (Mc Crew, p86) Therefore, the state is somehow going back to the middle ages, searching for a monopoly of power over people living on the national territory. People are in fact less mobile than money, goods and ideas, which thanks to globalization are easily transportable and therefore they remain nationalized. Yet today they are dependent on visa and passport: This role gives the nation the exclusive legitimacy of regulating its territory and the population which lives within it and internationally. (P.Hirst, p221) In any case, the Nation-State still exercise its power over military power. Many have argued how from the 15th century to today, the main power defining a state, was the capacity of declaring war. The last glimmer of this capacity had been kept alive by the Cold War, even though, because of massive progress in military technologies, it wasnt really the power of declaring a war but rather the power to threaten one and the capacity and possibility of destroying a nation, if not the globe. Therefore military power and the capacity to declare war of the modern states, has become so destructive that it is almost impossible to really exercise it. Anyways: Armed forces will not cease to exist but they no longer decide matters between advanced states. (P.Hirst, p227) Furthermore, the state exercises and important role over economy, even though globalization has massively enlarged the markets. Still today, markets and companies possibly cant exist without a state or public power protecting them. The States guarantee for most of the national credit. The government still regulates banking over the national territory. The effects of Global Governance over Globalization. First of all we can say that the processes of globalization are conceived as only capable of being worldwide and therefore in relation to Globalization, Global Governance must do the same. Second, it is recognized that globalization is likely to be the bases around which the course of events are organized and therefore it is virtually a relentless process and must be taken care of by Global Governance as if there was no other choice. Third, globalization is now out of control and the only tool which can regulate it is governance. Global governance and globalization are in fact clearly highly related between each other. It is easy to think global governance is another way of saying global government, but in fact it couldnt be further from the truth. Global governance is not a global government and does not even consider a world government or even some sort of dominant power or authority, meant to regulate issues to a global level. There is no global government which promotes international standards to all nations. In fact, global governance acts by itself. But then who is holding the reins of governance? Power today is in economy: Globalization of the international financial market, which started after the fall of Bretton Woods, has significantly speeded up the formation of a global economy, which likely to the European Union, has become a point of reference of the worlds economy search for development. The liberalization of worldwide trade is a main element of globalization or at least of economic globalization and it is mainly regulated by global governance. International trade has created a major period of growth but its liberalization has had some issue over the global level. The intensification of world trade has required a new institution, the WTO, which clearly, by regulating trade, plays a major role in global governance. Actually, WTO is the only institution regulating worldwide trade which in fact promotes worldwide trading system helping to raise economic efficiency and decrease costs by major principles established by the themselves: non-discrimination, transparency, increased certainty in trade, reduction of corruption and of poor governance. The WTO could be an example of good governance which perfectly relates to a globalizing world. However, because there is no central global power, talks like the Doha round are failing. Also liberalization of capital flow has had major issues due to massive speculation and volatility in currency and financial markets. The IMF, a major actor of global economic governance, managed to liberalize capital by simply removing restrictions on transactions while the liberalization of world trade was more of a consequence of globalization. This shows how Globalization and governance can work together, but also completely separately, not considering the effects on one another. In fact, globalization transforms economy from national to global and therefore any national economy is at least affecting global economy if not directly part of it. Therefore, national economies act as actors of global governance, indirectly by relating themselves to dynamics of globalization and consequently affecting directly global governance. States are no longer seen as actors of a system of states, as nation-states, but more as a system of markets. From this perspective, transnational companies become the States entities. As said in I4, globalization has weakened the state; in economic globalization, the States economic policies and the weight of them over national and international level, has been also weakened. The mobility of capitals and international trade has changed the national market. States have in fact realized they singularly could achieve much less than by unifying in international financial systems in order to renew their power over economy. However, according to Dirk Messner: Economic globalization is strengthening decentralization processes in nation-states and regional cooperation in the world regions: In the context of world economy central governments are coming under pressure from their regions, which are keen to promote their profiles in global competition. (Dirk Messner, pp39) In fact, globalization has actually created a strong current of localization, even though it is a mutual reinforcement. In a world of world markets, local or location specific advantage gain value, while in the meantime seeking transboundary partnership there for entering economy to a global level. Transnational economic spaces and communities have clearly increased due to the globalized markets. Concordantly, under a more political point of view, cooperation between globalization and governance must be very intense in order to achieve a global goal. According to P.Hirst: Governing powers cannot simply proliferate and compete. The different levels and functions of governance need to be tied together in a division of control that sustains the division of labor. [..] The governing powers need to be sutured together into a relatively integrated system. If this is not the case then gaps will lead to the corrosion of the governance at every level (P.Hirst, p 234) Global governance has also recently shown, under a political point of view and in a globalization context, a trend towards unilateralism. Clearly this model strongly weakens multilateralism necessary to make globalization work. However, even though nation-states tend to have a trend towards monopoly of power and unilateralism (which is typical in western countries) they are still very necessary since they are the only connection between national and supranational level and are of course the main actors of global governance architecture. This last role, in a direct point of view, has however changed because of the increasing discard of nation-states as direct problem solvers. Today Nation-states act indirectly via institutions and agencies, thus keeping their interest a priority. However, no singular nation-state could be considered to give a response to globalization because this egoistic trend used by most western states is virtually doomed. The national translates to international , due to a significant global impact that, associated with the openness of todays markets, are creating and affecting the future of globalization. Global politics is possibly failing because of the stubborn, but motivated decision of giving the least possible weight to developing countries, either because there is a massive fear of a power turnover from the South or to pursue the agreed combined western national interest in developing countries. Therefore, effectively, globalization has some effect on global governance but the opposite is more likely. Global governance has a wider effect on globalization even thought at the same time the processes and dynamics of globalization are controllable only to some extent , yet the different speed of propagation is the real challenge An answer to the challenge Ultra globalists have proposed to unify globalization and global governance by creating a massive central government, a global government. Obviously this is absolutely impossible or desirable; it is enough to imagine how a global election and president could be strongly interested in everything but global issues. As said, globalization has encouraged regional organization and localization: these could easily function as organizations aimed on national awareness and protection while acting globally. In finding new solution to a new problem such as globalization and global governance it is important to realize the greatness of the project: cooperation and collective decision making thanks to international organizations via States is surely complicated at the least. What has changed today, that open a new door to a future solution, is the different level of cooperation between governmental and non-governmental organizations and therefore between public and private, necessary in a rapidly globalizing world. In fact, yesterdays nation-states have stopped doing what they simply wanted; today, even though their authoritative power are still strong, they are at least taking decision on global scale as a global actor and are influenced by social groups which have some success in changing national policies that eventually may have global effects. However, is global governance really keeping up with globalization? Today, one countrys domestic policy is permanently constrained by external situations. National government can no longer ignore the international impact; international coordination is needed to solve these issues. It is true, sometimes national government enter international coordination just for profit or solving domestic policies because, with no doubt, the interdependence between states is now mandatory due to globalization which has increased this trend to a world wide scale. Therefore, even though global governance massively effects globalization, the second is faster than the first. Globalization is a huge new challenge to deal with; it has surely brought massive growth but has also exposed the poorer countries which were already unable of meeting western standards and that today, because of globalization, have further increased their gap between rich and poor. There are in fact today countries which used to be very poor and have enormously improved their market and may be considered rich, but are however populated by poor. Globalization has opened the world to new markets, markets such as poor countries which were maybe not even reachable or in war and are now used to produce at a very low cost. They are surely progressing economically but at what cost? At the moment there is no answer to this challenge but just a series of future solution, one of which is reorganizing the world economy, which how we have seen in recent crisis, keeps on making basic world economy errors on how to coordinate domestic economy without causing massive ruptures on a global scale. Conclusion Has globalization rendered global governance ever more essential than in the past? The short answer is yes, absolutely. Globalization is heavily influenced by global governance and is still a work in progress, however it is possible to see how global governance is molding and creating a future architecture that will surely change the world of politics, international organizations and the role of the nation-state. Compared to the past, there is a clear gap between the weight of economic governance and political governance. States have lost most of their political power outside their boundaries while still exercising national interest and more and more frequently yield some of their authorities to non-state actors in exchange for control of the economy by direct influence. There is in fact a predominance to economic power since the 1990s. Moreover, unfortunately globalization has created winner and losers. Since the 1980s most of the world countries have integrated themselves in the new world economy, but some have done so maybe too early and thanks to the thrust of globalization, have caused major disparities between rich (exploiter of the new economic context) and poor (exploited by the system). Multinational firms have seen a new way of producing goods at very low cost in countries which had been specifically configured to be exploited, realizing the upcoming benefits of globalization. Here the major blame is to be given to global governance, which is today a more responsible process but only due to pressures. To conclude, the answer to the question posed in this essay will always be affirmative. Furthermore, future globalization will be in the rise of developing countries but only if western countries will cede ground in the big arena of global governance. Realistically this will happen only if forced by the situation, but once developing countries will sort out their political and social issues, they will eventually have all their papers in order to enter the decision making arena inevitably dominated by western countries.
Friday, October 25, 2019
Sorting Through the Terms :: Technology Electronics Essays
Sorting Through the Terms With new technological advances everyday, and variety of features on competing products, it is difficult to decide which make or model of a product to buy. The average consumer is overwhelmed with information provided by the manufacturers and retailers. Digital video cameras are a great example of a product with constantly changing features that often leave potential buyers confused and paying for features they will not use. Terms like Hi-8, stabilizer, mega pixels, or LCD screen size get lost in the mix. By breaking down the various features, and how much they affect the final product, can help consumers maximize their dollar. Once gaining a better understanding of how the various features affect the performance, the perspective buyer can compare cameras and make a more informed decision. After a brief description of some of the more important features on these video cameras, I am going to look at two similar cameras, the GR-D93US by JVC and Panasonicââ¬â¢s VDR-M50. These are similarly priced, but differ somewhat in the technology. The first thing to consider when purchasing any new electronic is what the intended use is. Many people want a camera to archive memories. Some are interested in recording and editing the video into a more sophisticated film---possibly for company promotions or very low-budget films. A select few may have a serious interest in this area and want to put quite a bit of money into this, but for our purposes, we will assume not. There are hundreds of models out there which can range from $300 to over $3000, but the truth is the average person is not in the market for the high-end camera, so we will look at the more popular hand-held cameras and what effect all the features have on the price. Digital Zoom vs. Optical Zoom: The numbers associated with zooms can often be misleading. Advertisers try to entice the buyer with large digital zooms, when in fact these numbers should not impact your decision. With simple computer editing, a digital zoom can be achieved, and in fact using the digital zoom on the camera can often make the video quality worse. The important quality to consider with zoom is the optical zoom. This describes the amount that the actual lens can zoom in on the subject.
Thursday, October 24, 2019
Lee Kum Kee
Mr.. Lee Shih Nan carries on the work of improving production procedure, while Mr.. Lee Shih Tang was responsible for sales and marketing. However, because of the disagreement in business, Lee Shih Nan buying out of Lee Shih Tang with the help of Lee Wanda, the son of Lee Shih Nan. During this period, Lee Gum Eke expanded its operation and develop import and export business to meet the increasing demands of its overseas market. And then, in 1972, Mr.. Lee Wanda was appointed Chairmen of the company.New business policies and expansion strategies were introduced, setting the direction of the company for the future. Mr.. Lee set ââ¬Å"promoting Chinese cuisine worldwideâ⬠as the corporate vision and infuses ââ¬Å"Is Lie Xi Reneâ⬠, which means considering others' interests, into the company. However, Lee Gum Eke faced a big problem in 1986 for the reason that Lee Wend's brother Lee Went wanted to liquidate his own share. Lee Gum Eke faced a split once again. The conflict esca lated as the time passed by, even resorting to law. Lee Gum Eke was ordered by court to suspend business for half a year.At the same time, The 4th generation of Lee family, Eddy, David, Charlie, Sammy and Elizabeth graduated from abroad and joined Lee Gum Eke in the ass. The scope and scale of Lee Gum Eke has been developed rapidly. In 1 992, Lee Gum Eke collaborated with the First Ministry Medical University and established the Infant Lee Gum Eke Health Products Co. ,Ltd. To promote traditional Chinese herbal health products. In the same time, apart from the mission of ââ¬Å"promoting Chinese cuisine worldwide, Lee Gum Eke purr forward the mission that ââ¬Å"modernizing traditional Chinese herbal health around the worldâ⬠.Armed with a unique management culture, stringent quality control, superb and innovative products, coupled with the century-long brand reputation, Lee Gum Eke has achieved unanimous recognition and won numerous prestigious awards. . Family asset 2. 1 Value based leadership(culture value, family value), 2. 1. 1 core value From 1972-1992, after the third generation Lie Wanda took charge of the company, Lee Gum Eke substantiates its core value of ââ¬Å"considering others' interestsâ⬠in every aspect of its business operations. It was built upon the principles of ââ¬Å"pragmatism, integrity and constant entrepreneurshipâ⬠.Besides its core value and principles, the company also put forward two missions -ââ¬Å"promoting Chinese cuisine worldwideâ⬠and ââ¬Å"modernizing traditional Chinese herbal health around the worldâ⬠. This value reflects the corporate social accessibility . When pursuing the interests of their own, enterprises should also consider others interest, and then benefit the society. It conforms the long-term management goal of company. 2. 1. 2 Family First Lee Gum Eke always put family in the most important position, making business as a part of family.Lie Wanda thought that family harmony is the found ation of prosperity, which reflects the traditional Chinese culture harmonious family can lead to the success of everything. 2. 1. 3 Establish family committee Lee Gum Eke Group established committee on the family, including a total of 6 people. The core members are Lie Wanda, his wife and his five children. Lie Wanda and his five children are held key position in Lee Gum Eke. The family committee is the highest authority overseeing Lee Gum See's operation.The core function of family committee is the study how to governance family, including to resolve family conflicts, construct family system, nurture the next generation and so on. The family committee do not need to discuss the enterprise management problem. A major decision should agreed by 75% Of total number and the general decision should be agreed by 50% As we can see from the graph, the score of value of Lee Gum Eke is higher than the score of most other companies in SEA and Mainland China. To explain this Phenomenon, I will list the following four reasons. . Irritate(means longevity), 2. 2. 1 History and Reputation Established in 1 888, Lee Gum Eke has become a household name as an ethnic Chinese enterprise as well as an international brand and a symbol of quality and trust. With a glorious history of 1 25 years, Lee Gum Eke has become a household name as an ethnic Chinese enterprise of quality and trust. Armed with a unique management culture, stringent quality control, upper and innovative products, and its century-long reputation, Lee Gum Eke has achieved recognition and won numerous prestigious awards. . 2. 2 Activity participate in promotional activities. In recent years, Lee Gum Eke family members frequently take part in the speech and interview activities to promote the company. Apart from that, many experts have published books intending to study on the cause of success in Lee Gum Eke family. Lee Huh Seen, one of the fourth generation member of Lee Gum Eke, published two books, which is ââ¬Ë the power of considering other firstâ⬠and â⬠automatic wave model of leadershipâ⬠.Automatic eave model of leadership is a kind of management mode of south Lee Gum Eke, the subsidiary company of Lee Gum Eke, aiming to continue operating cool, release unlimited potential, attract talent, consists of selection of talent, high letter atmosphere, highly efficient team. Publishing books has a very positive effect to promote the culture of company to public. As we can see from the graph, the score of heritage of Lee Gum Eke is higher explain this Phenomenon, I will list the following three reasons. 2. Connection 2. 3. Title in government department Lie Hussein: member of the CAP National Committee;Member of the Standing Committee of the Chinese people's Political Consultative Conference Committee of Loaning Province;Director of the overseas Chinese united friendship conference; Lie Hugging: Vice President Chinese Cuisine Association; Director of Chinese Institute of food s cience and technology; Director of Hong Kong Chinese manufacturers association. These titles are very special political resources for enterprise. 2. 3. 2 Close cooperation with well-known universities and government department.Besides owning a lot of titles for family members, Lee Gum Eke has also collaborated with the First Military Medical University, Hong Kong University of Science &Technology, Distinguish University and other well-known colleges as well as some government departments. This is a very good resource for company's development. 3. Roadblocks 3. 1 Family roadblocks:Possible family conflicts At present, the fourth generation successor has not yet been determined. The four sons of Lee Wanda were hold important positions in the group.Although Lee Gum Eke Group set up a family committee which is a good communication platform between family members, it cannot guarantee that after Lie Wend's death, the fourth generation won't appear the operation, because the separation app eared in the second and third generation. 3. Institutional roadblocks 3. 2. 1 Hinder by government policy Chinese government banned direct selling activities in any form in April, 1998, asking the company that has obtained authorized direct selling power like South Lee Gum Eke stop business.It has caused a great impact on profit in the market of mainland china. 3. 2. 2 More concern on food safety problem There are more and more different kinds of food safety problems appear in China in recent years. Therefore, people especially from mainland china could ay more attention in food safety problem. However, more and more companies in sauce industry received complaints from public, which disclose that there are some unqualified products circulate in market. Those companies include Haitian Group, Lee Gum Eke Group, Wang choosy Group and so on.Therefore, food companies like Lee Gum Eke should invest more money to ensure the quality of product, which will increase the cost of company. 3. Ma rket roadblocks 3. 3. 1 Fierce competition and high operational cost Lee Gum Eke has been facing fierce competition from asses to the beginning of 21st century. With the advent of some famous sauce companies like Haitian Group, the market share of Lee Gum Eke in mainland china is losing constantly. Although the market share of Lee Gum Eke in Hong Kong and America performs good, it will still hinder the development of the enterprise for the low market share in mainland china.With the intense competition, the operational cost is increasing constantly, which is another problem Lee Gum Eke should avoid. 3. 3. 2 Disputation on workers There are some labors dispute the low-level salary. To lower the cost of company and make the product more competitive, Lee Gum Eke did not increase labors salary in these years, making employee have different opinions toward the company. Because Lee Gum see's core market still has a lot of growth opportunities and the firm is pay more attention in innovati on recently, continue to expand their market overseas.Therefore, the market roadblocks is not a big problem. 4. Reactions to roadblocks 4. 1 Reactions to Market roadblocks 4. 1. 1 launched a ââ¬Å"happy indexâ⬠For the dispute from some labors, Lee Gum Eke launched a ââ¬Å"happy indexâ⬠to measure the degree of satisfaction of workers. The survey showed that Lee Gum Eke won the honor of best employer in Asian area and Mainland China. . 1. 2 Constant entrepreneurship For the fierce competition and increasing operational cost, Lee Gum Eke put forward the target ââ¬Å"constant entrepreneurshipâ⬠, which means constantly innovation.Innovate in product packaging, in market, in management method and product producing procedure. It offers over 220 varieties of sauces and condiments in over 1 00 countries and regions across the five continents nowadays after setting the target ââ¬Å"constant entrepreneurshipâ⬠. Len addition to the Lee Gum Eke Sauce Group, Lee Gum Eke Health Product Group Infinitum (China) Company Limited develops the market of Chinese rebel health products. Not satisfied with the sauce field, Lee Gum Eke expand their business to the health product field, which is also a kind of innovation.Nearly 20 years since the establishment , the South Lee Gum Eke successfully produced nearly 50 kinds of product including infinitum health food. Since the twenty-first Century, Lee Gum Eke showed a strong momentum. 4. 2 Reactions to Family roadblocks 4. 21 Established family committee and constitution enterprise management problem. A major decision should agreed by 75% of Apart from establishing family committee, Lee Gum Eke also developed he family constitution. All family members must follow the family constitution, otherwise will not be able to get its due share. 4. 2. Caring for the Community Lee Kurd Eke deliver consciousness Of caring for the community, because to measure the success of a enterprise, the most important factor is how many contributions the enterprise make to the society. For example, the founder Wang Young-aching of company Formosa Plastic Group, contributes a lot to society, by establishing the charitable foundation Change Gung Memorial Hospital and the charitable trust Change Gung. All of his son and all the hillier were deeply moved by their father, leading them work together continue to be of value to their family company.After setting the target of caring for the community, Lee Gum Eke has obtained great achievement in following part. Caring for the Community: In 2008 and 2009, the senior management and employees of Lee Gum Eke participated in the ââ¬Å"Charity Walk to Support Look Chi Association,â⬠the ââ¬Å"Lifeline Express Hong Kong Foundation ââ¬â Charity Run/ Walk 2009â⬠and various activities to raise money for victims of the Is Chuan earthquake. Caring for the Employees: Lee Gum Eke promotes a ââ¬Å"3-balanceâ⬠corporate hilltop's ââ¬â family, health and work; and provides free nutritious lunch and a shuttle for employees.Caring for the Environment: Lee Gum Eke implemented environmental management facilities within its plants ââ¬â an integrated oil and grease removal process to the sewage treatment system; reduction of plastic usage in packaging; and deploying circulating hot water system to generate energy. 4. 3 Reactions to institutional roadblocks: In line with the spirit of ââ¬Å"Is Lie Xi Rene which means considering others interest, Lee Gum Eke resolutely bought out of the First Military MedicalSeniority and let the First Military Medical University continue to provide scientific research for the South Lee Gum Eke without participate in any management and investment. At the same time, the South Lee Gum Eke provided a sum of money to the First Military Medical University from sales in proportion. The problem has been well settled with guidance of ââ¬Å"Is Lie Xi Reneâ⬠. For the complaints from public, Lee Gum Eke attaches great importance to quality of product. From 2004, Lee Gum Eke has taken a series of reform measures to improve product quality and improve customer satisfaction.Lee Gum Eke conduct questionnaire survey every half a year, set up R & D center and invest huge funds to establish integrated supply chain. These strategies have ensured product quality and have improved the competitiveness Of enterprises. The results show that 2004-2007 years customer complaint rate remains below 0. 006%. 5. Recommendations for other family enterprise 5. 1 Consciously penetrate the enterprise culture to brand shaping 5. 2 Cultivate the spirit of forever the entrepreneurial and continuous improvement 5. Implement people-oriented management culture 5. 4 Starting from basic and Striving to consolidate the basis of a hundred ears enterprise Family sustainability score 6. Conclusion ââ¬Å"Lee Gum Ekeâ⬠is not just an isolated brand, but a true to life, ups and downs of the family business 100 years of str uggle history. Let's not easy for any business concern to survive and remain strong for over a century. It is even more inconceivable for Lee Gum Eke, which began as a humble family operation, to grow into the renowned family enterprise that it is over a period Of 125 years.By studying Lee Gum Eke, I have learned a lot for the enterprise's core value ââ¬Å"considering others interest first' , the target ââ¬Å"constant entrepreneurshipâ⬠and customer focused approach in developing business. By introducing family business map, we naturally come to the conclusion that Lee Gum Eke will continue put the family ownership and family management strategy in the foreseeable future. 6. 1 family ownership Concentrated ownership enables the controlling owner to effectively control the firm and to be held responsible for his decisions (Lucian, 1965; Jensen and Neckline, 1976).However, diffused ownership has benefits too. Selling ownership shares to investors facilitates financing and firm growth (Demesne, 1967). As we can see from the chart. The company Lee Gum Eke has a very high score of family value. Therefore, concentrated ownership can enable family members make their decision effectively. 6. 2 family management In principle, firm decision rights should be given to the person who maximizes the productivity of firm assets (Grossman and Hart, 1986; Jensen and Neckline, 1992).Founding family members have specialized abilities to preserve and share these intangibles because of life-long interactions and family governance mechanisms that are not available to non-family members. We call these specialized intangibles family assets. From the chart we can see that the roadblock of Lee Gum Eke is lower than most of companies located in SEA and Mainland China. Therefore, choosing family management can maximize the profit of company because of the intangible family assets can show to others.
Wednesday, October 23, 2019
Technology Helps Starbucks Find New Ways to Compete Essay
1. Analyze Starbucks using the competitive forces and value chain models. The environment in which the specialty coffee industry had to compete during the 2008 was made up of cheaper fast food chain and global economic downturn. Compare with McDonaldââ¬â¢s and Dunkinââ¬â¢ Donuts, Starbucks offers a unique experience: high-end specialty coffees and beverages, friendly and knowledgeable servers, and customer-friendly coffee shops. However more and more customers complain that the Starbucks lost their hip and local feel. Under this circumstance, the new entrants are much more easy to enter the specialty coffee area, because Starbucks would generally lost their specialty in coffee industry, and coffee industry does not put a high premium on economies of scale. The primary substitute products posing a potential threat to specialty coffee were the caffeinated soft drinks produced by Pepsi and Coca-Cola. Competitors like Pepsi and Coca-Cola offered beverages, which had the caffeine in herent in specialty coffee, at significantly lower prices. (Quelch, 2006) Since the taste of the customers never discount, Starbuck need to refine their product and service quality. Moreover, with the development of the technology, Starbuck customers would require intelligent IT support during their consumption. Thus the suppliers of Starbucks has branched out to app suppliers and IT industry suppliers. In order to deal with the profits plunge in 2008, Starbucks decide to overhaul its business using in store technology, aggressive product differentiation strategy and lean their management and working processions. By using the in store technology, Starbucks district managers can do most of their work sitting at a table in one of the stores they oversee. To enhance human resource, Starbucks created a 10-person ââ¬Å"lean teamâ⬠whose job is to travel the country visiting franchises and coaching them in lean techniques made famous by automaker Toyotaââ¬â¢s production system. To save the time the employee to make a drink, Starbuck set out to streamline the business processes used in each of its stores so that baristas do not need to bend down to scoop coffee, cutting down on idle time while waiting for coffee to drain, and finding ways to reduce the amount of time each employee spends making a drink. Thanks to the improvement of technology, human resource, procurement and firm infrastructure, Starbucks elevated their support activities and expend their margin. 2. What isà Starbucksââ¬â¢ business strategy? Assess the role played by technology in this business strategy. First, the company has revamped its in-store technology and sought to integrate its business processes with wireless technology and the mobile digital platform. Also, rather than copy the practices of competitors, Starbucks pursued a more aggressive product differentiation strategy, intended to emphasize the high quality of its beverages and efficient and helpful customer service. At the same time, however, Starbucks also focused on becoming ââ¬Ëleanââ¬â¢, like many of its competitors, eliminating inefficiency wherever possible. 3. How much has technology helped Starbucks compete? Explain your answer. The technology helped Starbucks increase the in-store presence of district managers by25 percent without adding any extra managers. And the use of digital mobile platform and Wi-Fi make Starbucks welcome among customers. In Action: 1. What functions are provided by the Web site? The website of Starbucks provides their company cultures, coffee profiles, coffee house, responsibility, card and deals, on-line shops and on-line customer service. 2. How does the Web site support Starbucksââ¬â¢ business strategy? The web site provide on-line coffee house to give their customers more than their expected, the music WI-FI community provide the entertainment, on-line community and IT support all together. At the same time, the coffee profile and menu show the diversity of their products and service. Burton Snowboards Speeds Ahead with Nimble Business Processes 1. Analyze Burton using the value chain and competitive forces models. From the competitive forces point, Burton controlled almost half of the market at its peak, that is to say the barrier for the new entrants to this industry is quiet high, because Burton has occupied most market, and the way to compete with Burton means large economic scale investment. And the core techniques of Burton had been refined for years. If the new entrants want to break the predomination of Burton, they should have much more edgy management and skills. Same rules, the threat of substitute production is low. While its market power of suppliers is stable, because material of snowboard is simpleà and the component of snowboard is relative exclusive and the manufacture technique will not face fluctuant revolution. On the other hand, customers require more and more diversified and delicate service, especially for the young customers who would ask for more personal designs. To enhance the value cha in, Burton snowboard need to add technology support, improve its systems for inventory, supply chain, purchasing, and customer service. In the past, Burtonââ¬â¢s information systems were a hodgepodge of inconsistently implemented and underutilized software. The company had to manually allocate product to customers and orders. But now, Burton applied SAP Enterprise Resource Planning (ERP) software to resolve problems this way without adding new layers of complexity to its IT infra-structure, and the company gained proficiency with SAP enterprise software in the process. For the primary activities, since Burton revamped their data and order system, Burtonââ¬â¢s inbound logistics and outbound logistics become much more scientific and effective. Therefore, the dealers reorder with Burton to replenish their stock or to buy new products. 2. Why the business processes are described in this case such an important source of competitive advantage for Burton? Because Burton wanted to speed up this process so that its dealers and retail customers would have more precise information about the availability of products not currently in stock. 3. Explain exactly how these process improvements enhance Burtonââ¬â¢s operational performance and decision making? SAP analysts helped Burton identify the top five transactions that were the most critical to busi-ness operations and that needed optimization from a systems standpoint. Other processes in need of improvement included the order-to-cash process (receiving and processing customer sales, including order entry, fulfillment, distribution, and payment); the handling of overdue purchase orders in the procure-to-pay process, which consists of all the steps from purchasing goods from a supplier to paying the supplier; and the electronic data interchange (EDI) inventory feed extra ct transaction In Action: 1. What is the purpose of this Web site? How does it support the companyââ¬â¢s goals? The web site is aimed to achieve product advertisement, Prospect generation, Direct sales, Business-to-business sales, Customer support and Education. Burton set a concise and attractive web site to attract customersà to drill down into the culture of the product and the company so that to show their product confidence as well as their humanistic service. 2. What functions at this Web site are related to the business processes discussed in this case? How did improving those processes impact the Web site? The website displays all Burton stores on it to guide customers for a better shopping. Also, the website provide Help column to deal with techniques problems and service reflection. Since the website opens on-line shopping channel, the order information can processed directly in their ERP system . Will Technology Save the Publishing Industry? 1. Evaluate the impact of the Internet on newspaper and book publishers using the value chain and competitive forces models. When the information dynasty comes, publishing industry, the torch bear of civilization, has to facing the big revolution. As a pass way to deliver knowledge and news, publishing industryââ¬â¢s competitors are television, radio, and theaters and so on. But now the powerful new entrant: internet, is driving publishing industry to a digital division. Instead of traditional paper based book and newspaper, the e-book is a much more popular substitute products. At the same time, suppliers are pursuing a higher margin between high cost printed publications and low cost e-publications. And more and more your readers prefer to use electric devices to read ââ¬Å"booksâ⬠and ââ¬Å"newspapersâ⬠. 2. How are newspapers and book publishers changing their business models to deal with the Internet and e-book technology? One option is to share revenue with Internet partners such as Google and Yahoo. Another is to charge fees for newspaper content delivered to new reading devices, including smartphones, e-readers, iPads, and tablets, which enable online newspapers to be read everywhere. A third option is to charge fees for ââ¬Å"premiumâ⬠news and opinion. But because advertising remains a major source of revenue, the newspapers must clearly figure out how to grow their online revenue fast enough to offset their losses from print advertising. 3. How can newspaper and book publishers take better advantage of the Internet? What will it take for them to benefit from e-books? Explain your answer. Publishing companies have begun investing more resources in the Kindle and iPad as delivery platforms for their books and less money in traditional delivery platforms, like print news and bound books. Through this digital platform, publishers can win theà new channel to sale publications as well as win back their ad sponsors. 4. Will technology be able to save the newspaper and book publishing industries? Explain your answer. Yes, technology will provide a new way to publishers which is publishing through digital information system such as e-readers, ipad, mobile devices and on the internet. The essential meaning of publishing industry is still brisk, only the outer form changed. DEFINITION: BPR: This radical rethinking and redesign of business processes is called business process reengineering (BPR). BPM: Business process management (BPM) is an approach to business which aims to continuously improve business processes. Disruptive technologies: disruptive technologies are substitute products that perform as well or better than anything currently produced. Value Chain Modelï ¼Å¡The value chain model highlights specific activities in the business where competitive strategies can best be applied (Porter, 1985) and where information systems are most likely to have a strategic impact. This model identifies specific, critical leverage points where a firm can use information technology most effectively to enhance its competitive position.
Tuesday, October 22, 2019
Principles of the Human Relations Movement Essays
Principles of the Human Relations Movement Essays Principles of the Human Relations Movement Essay Principles of the Human Relations Movement Essay In todayââ¬â¢s successful organisations, the most important focus is managing individual employee satisfaction and motivation, apart from complying with formal rules and operating procedures, to maintain high qualityproductivity. Unlike the classical perspectives of management such as Scientific Management and Bureaucracy, ââ¬Å"the importance of informal social factors in the work place such as co-worker relationships and group norms that influence employee motivation and performance is highlightedâ⬠(Macky Johnson, 2003, p. 2) under the ââ¬ËHuman Relations Movementââ¬â¢. This essay will discuss how the Human Relations Movement has been adapted and carried out successfully in New Zealand by the restaurant chain, Starbucks Coffee. By focusing on the principles of maintaining a socialised natural group working environment and two-way communication between employees and managers, this essay will demonstrate how they became the most powerful and w ell-known coffee franchise restaurant in New Zealand market. To start with, the Human Relations Movement firstly emphasises the importance of the working environment for employees as a socialised natural group in which social aspects for both employees and managers take precedence over functional organisational structures. Elton Mayo, who was called ââ¬Å"the founder of both the Human Relations Movement and of industrial sociologyâ⬠(Pugh Hickson, 1989, P. 152), had the basic idea that ââ¬Å"workers had strong social needs which they tried to satisfy through membership of informal social groups at work placeâ⬠(Nicholson, 1998, p. 15). Opposing the classical perspectives of management principles of the Scientific Management and Bureaucracy, Mayo claimed that scientifically clarified rules, strict work procedure and incentive money payments were not the only stimulus to inspire workers and that they were ââ¬Å"less factors in determining output than were group standards, sentiments and securityâ⬠(Robbins, Millett Waters-Mar sh, 2004, p. 815-816) after he proceeded an experiment, called the ââ¬ËHawthorne Experimentââ¬â¢. According to the Hawthorne Studies, employees were motivated to work harder and efficiently when managers provided a more comfortable and informal working environment taking into account individual satisfaction and their personal needs rather than manipulating employees by way of higher remuneration. Mayo demonstrated that an organisation could not generate much beneficial output if managers ââ¬Å"treat workers simply as economic individuals wanting to maximise pay and minimise effortâ⬠(cited Nicholson, 1998, p. 215). As a result, ââ¬Å"managers would no longer consider the issue of organisation design without including the effects on work groups and employee attitudesâ⬠(Robbins Barnwell, 2006, p. 47). They now see their jobs as dealing with human beings rather than simply with work. One of the most well-known and influencing coffee franchise restaurants in New Zealand, Starbucks Coffee, tries its best to offer an informal and social working environment in which employees can enjoy themselves and be enthusiastic, in order to satisfy and motivate those employees at the same time increasing company sales. The company expects and encourages every employee to participate in developing plans, creating and achieving their goals. First of all, Starbucks Coffee, for example, treats every employee equally and they are all called ââ¬Ëpartnersââ¬â¢. Therefore, those employees can feel more familiar and closer to their work place which could otherwise have been formal and difficult to feel part of. Also, Starbucks Coffee puts its effort into paying attention to employees, so as to satisfy their personal needs and wants. Managers schedule and allocate employeesââ¬â¢ work hours and schedule time off with the needs of those employees being central. Additionally, employees, including part-time employees, for instance, are provided a number of benefits such as medical and dental health care coverage, vacations, discounts on merchandise, etc, apart from money. Also, Starbucks Coffee develops tools and courses to support and train employees towards their future career development. Although the costs of these partner benefits are rapidly rising, Starbucks Coffee covers the financial risks and funds to display benefits and training courses, because it is aware how employee satisfaction affects the productivity and behaviour towards customers. Accordingly, great treatment of employees in the well-developed and humanly concentrated environment has brought Starbucks Coffee much impact on the high quality services to customers and thus an increase in company sales each year. In addition to the Human Relations Management being focused on the importance of the working environment for employees as a socialised natural group that is aimed at satisfying personal needs and wants of each employee, there is another significant principle of the Human Relations Movement. This is two way communications between employees and managers. According to the Hawthorne experiment, which was performed by Elton Mayo, as explained above, Bartol (2005) advocates that ââ¬Å"collaborative and co-operative supervisor-and-worker relationships was emphasisedâ⬠(Bartol, Tein, Matthews Martin, 2005, P. 3) Mayo carried out an experiment about the effects of physical conditions of work. During the experiment, he observed the impact on the productivity of workers by varying the lighting conditions, however there was no particular change found that affected workers. Mayo (1932, P. 153, as cited in Pugh Hickson, 1989) eventually realised that ââ¬Å"communication between workers an d the research team was very full and open throughout the experimental period. â⬠Mayo had discovered that the communication was one of the most effective fundamentals to stimulate the motivation of employees so as to boom a level of production. Unlike the classical perspectives of management principles of the Scientific Management and Bureaucracy, which stated the significance of one way communication by giving orders and requirements from managers to workers, the Human Relations Movement stresses ââ¬Å"the importance of an adequate communication system, particularly upwards from workers to management (Pugh Hickson, 1989, P. 155). In todayââ¬â¢s organisations, employees have a right to express and indicate their opinions and personal thoughts towards the management, so that the decisions can be made widely throughout whole organisation. As a result, in order to operate this management system, the role of managers in the organisation requires them to have ââ¬Å"social skills as well as technical skillsâ⬠(Bartol, Tein, Matthews Martin, 2005, P. 43) to understand the influence of human control on organisational outputs. Starbucks, for instance, performs its operations under the principles of the Human Relations Movement by displaying two-way communication between employees and managers in their work environment. In the first place, Starbucks Coffee ensures all its policies, standards and procedures are communicated between employees and managers. Managers in this organisation allow employees to provide their own suggestions and complaints, therefore Starbucks Coffee can improve its effectiveness and correct any deficiencies. The managers conduct daily and weekly interviews to listen to what individual employees want. Starbucks Coffee also holds a special survey for employees every 18 to 24 months, called a ââ¬ËPartner View Surveyââ¬â¢. By operating this survey, employees give the management feedback as they are requested to point out what in the organisation performs well and issues which it needs to consider more closely. In addition, Starbucks supplies training courses for managers so that they can act as role models for employees and can lead and control employees in a positive manner. This organisation is concerned about the importance of personal control with every employee so as to construct a closer and informal relationship with each other. Starbucks Coffee is hence continuing to develop passionate, motivated employees who have a large impact on their consistent sale increases. As stated so far, the Human Relations Movement is mainly based on the satisfaction and motivation of each individual employee rather than a formally structured organisational group. As distinct from Scientific Management and Bureaucracy, a socialised natural work environment for employees and two-way communication between employees and managers, especially upwards from employees to managers, conceptualises the Human Relations Movement. Starbucks Coffee could become one of the most successful coffee franchise restaurants in New Zealand, because it has adapted well to and operate effectively in modern management based on the Human Relations Movement. Managers show their respect towards individual employee by treating every employee equally. Also the organisation offers employees a lot of personal benefits rather than incentives. Besides, the management in Starbuck Coffee open their minds to communicate efficiently with employees as they conduct a survey, interview and receive feedback. Overall, as a result, the Human Relations Movement is an obviously essential method of the management that modern organisations must apply to operate as a successful and influencing business in the market. 1359 Words Reference List Badol, K. , Tein, M. , Matthews, G. Martin D. (2005). Management: A Pacific Rim Focus 4E. Mc Graw Hill Australia. James, H. (2003). The Gurus who created Modern Management and why their ideas are bad for Business today. Cambridge. MA Perseus Books Group. Macky, K. Johnson, G. (2003). Managing Human Resources in New Zealand (2nd ed. . Mc Graw Hill Australia. Nicholson, N. (1998). Encyclopedic Dictionary of Organisational Behaviour. Blackwell. Pugh, D. S. Hickson, D. J. (1989). Writers on Organisations ââ¬â An invaluable introduction to the ideas and arguments of leading writers on MGMT (4th ed). Penguin Business. Robbins, S. P. Barnwell, N. (2006). Organisation Theory ââ¬â Concepts and cases (5th ed. ). Pearson education Australia. Robbins, S. P . Judge, T. A. (2007). Organisational Behavior. Robbins, S. P. , Millett, B. Waters-Marsh. (2004). Organisational Behaviour. Pearson
Monday, October 21, 2019
secrets unrevealed essays
secrets unrevealed essays The first study of clandestine operations was initiated 1988 in hopes of learning about the relationship between the President and the intelligence committees of Congress. Stephan F. Knott, an Assistance Professor of Political Science at the Untied States Air Force Academy, picked up this study of clandestine operations. In Knott's recently published book (1996) Secret and Sanctioned, he unveils the reality that not only were clandestine operations in the Cold War recently, been had also been used in times dating back to our Forefathers. Knott's account of covert operations involving some of our most admired leaders (George Washington, Thomas Jefferson, Abraham Lincoln etc.) gives clear evidence that even the most admired respected of our leaders weren't completely honest dealers. The fact that covert operations were undoubtedly active in the times our Forefathers are illustrated within the realm of Secret and Sanctioned. Knott's main purpose in writing this book was to notify his audience that the age-old tradition of clandestine operations wasn't started with a new generation of politicians, but had been embedded within the political system since the beginning of the American Revolution. Knott worked with several well-educated professors in research of his book, he consulted many different sources such as Professor Dennis Hale, a chairman of the Political Science Department at Boston College and Arthur S. Hulnik a professor of International Relations at Boston College as his resources of information about American intelligence activity. Stephan F. Knott details several different cases in which covert operations were throughout the years. His first subject was the covert operations, which involved George Washington's plan to capture William the IVth, the heir to the throne of England while had authorized on his stay in the states in March of 1782. Washington had authorized three kidnappings, that of Benedict Arnold, Sir Henry C...
Sunday, October 20, 2019
Bajar Conjugation in Spanish, Translation, and Examples
Bajar Conjugation in Spanish, Translation, and Examples The Spanish verb bajarà means to take down or lower, but it can be used in several different ways.à Bajarà is a regularà -arà verb likeà pararà orà llamar.à If you know theà conjugation rules for regular -arà verbs, then you can easily conjugate bajar.à In this article you can find tables with the present, preterit, imperfect, future, and conditional indicative tenses for bajar, as well as the present and past subjunctive, imperative, and other verb forms. Using the Verb Bajar The verbà bajarà has many different uses. It can be both a transitive and intransitive verb. When it is used as a transitive verb it can mean to lower or drop something, such asà Debes bajar el volumen de la mà ºsicaà (You must lower the volume of the music), or Bajà ©Ã el precio del carroà (I lowered the price of the car). It can also mean to take or bring something down, as inà Voy a bajar el florero del estanteà (Im going to bring down the vase from the shelf), and it can even mean to download something from the internet, as inà Bajà © el archivo a mi computadoraà (I downloaded the file to my computer).à The verbà bajar can also beà used as an intransitive verb to talk about something lowering or dropping, such asà El precio de la gasolina bajà ³Ã (The price of gas dropped) or Esta noche bajar la temperaturaà (Tonight the temperature will drop). It can also be used to talk about when a person comes down or descends, as inà Ella bajà ³ al primer pisoà (She came down to the first floor). Finally, you can useà bajarà to talk about getting off a vehicle, as in El nià ±o bajà ³ del autobà ºsà (The boy got off the bus). Bajar Present Indicative Yo bajo I lower Yo bajo el volumen de la msica. T bajas You lower T bajas los libros del estante. Usted/l/ella baja You/he/she lowers Ella baja las persianas en la noche. Nosotros bajamos We lower Nosotros bajamos el precio de la ropa. Vosotros bajis You lower Vosotros bajis la velocidad del carro. Ustedes/ellos/ellas bajan You/they lower Ellos bajan la foto de la pared. Bajar Preteriteà Indicative There are two forms of the past tenseà in Spanish:à the preterite and the imperfect. The preterite is used to talk about completed actions in the past.à Yo baj I lowered Yo baj el volumen de la msica. T bajaste You lowered T bajaste los libros del estante. Usted/l/ella baj You/he/she lowered Ella baj las persianas en la noche. Nosotros bajamos We lowered Nosotros bajamos el precio de la ropa. Vosotros bajasteis You lowered Vosotros bajasteis la velocidad del carro. Ustedes/ellos/ellas bajaron You/they lowered Ellos bajaron la foto de la pared. Bajar Imperfectà Indicative The imperfect tense is used to talk about ongoing or repeated actions in the past. With the verb bajar,à you can translate the imperfect as was lowering or used to lower.à Yo bajaba I used to lower Yo bajaba el volumen de la msica. T bajabas You used to lower T bajabas los libros del estante. Usted/l/ella bajaba You/he/she used to lower Ella bajaba las persianas en la noche. Nosotros bajbamos We used to lower Nosotros bajbamos el precio de la ropa. Vosotros bajabais You used to lower Vosotros bajabais la velocidad del carro. Ustedes/ellos/ellas bajaban You/they used to lower Ellos bajaban la foto de la pared. Bajar Futureà Indicative Yo bajar I will lower Yo bajar el volumen de la msica. T bajars You will lower T bajars los libros del estante. Usted/l/ella bajar You/he/she will lower Ella bajar las persianas en la noche. Nosotros bajaremos We will lower Nosotros bajaremos el precio de la ropa. Vosotros bajaris You will lower Vosotros bajaris la velocidad del carro. Ustedes/ellos/ellas bajarn You/they will lower Ellos bajarn la foto de la pared. Bajar Periphrastic Futureà Indicative The periphrastic future in Spanish is equivalent to the going to verb construction in English. Yo voy a bajar I am going to lower Yo voy a bajar el volumen de la msica. T vas a bajar You are going to lower T vas a bajar los libros del estante. Usted/l/ella va a bajar You/he/she is going to lower Ella va a bajar las persianas en la noche. Nosotros vamos a bajar We are going to lower Nosotros vamos a bajar el precio de la ropa. Vosotros vais a bajar You are going to lower Vosotros vais a bajar la velocidad del carro. Ustedes/ellos/ellas van a bajar You/they are going to lower Ellos van a bajar la foto de la pared. Bajar Conditionalà Indicative When you want to talk about possibilities or about things that would happen,à you can use the conditionalà tense. An example of a sentence using the conditional is Si vinieras a visitarme, bajarà a a abrirte la puertaà (If you came to visit me, I would come down to open the door for you). Yo bajara I would lower Yo bajara el volumen de la msica. T bajaras You would lower T bajaras los libros del estante. Usted/l/ella bajara You/he/she would lower Ella bajara las persianas en la noche. Nosotros bajaramos We would lower Nosotros bajaramos el precio de la ropa. Vosotros bajarais You would lower Vosotros bajarais la velocidad del carro. Ustedes/ellos/ellas bajaran You/they would lower Ellos bajaran la foto de la pared. Bajar Present Progressive/Gerund Form The present participle or gerundà of -arà verbs is formed with the endingà -ando. You can use the present participle to formà progressive tenses, such as the present progressive. Present Progressive of Bajarà est bajandoà She is loweringà Ella est bajando las persianas. Bajar Past Participle To form the past participle forà -arà verbs, use the endingà -ado. The past participleà is used to formà compound tensesà like the present perfect.à Present Perfect of Bajarà ha bajadoà She has loweredà Ella ha bajado las persianas.à Bajar Present Subjunctive Que yo baje That I lower Pedro pide que yo baje el volumen de la msica. Que t bajes That you lower Marisa quiere que t bajes los libros del estante. Que usted/l/ella baje That you/he/she lower Marco espera que ella baje las persianas en la noche. Que nosotros bajemos That we lower Carlos pide que nosotros bajemos el precio de la ropa. Que vosotros bajis That you lower Sara quiere que vosotros bajis la velocidad del carro. Que ustedes/ellos/ellas bajen That you/they lower Leo pide que ellos bajen la foto de la pared. Bajar Imperfectà Subjunctive The tables below show two options for conjugating the imperfect subjunctive. Both options are equally valid. Option 1 Que yo bajara That I lowered Pedro pidi que yo bajara el volumen de la msica. Que t bajaras That you lowered Marisa quera que t bajaras los libros del estante. Que usted/l/ella bajara That you/he/she lowered Marco esperaba que ella bajara las persianas en la noche. Que nosotros bajramos That we lowered Carlos pidi que nosotros bajramos el precio de la ropa. Que vosotros bajarais That you lowered Sara quera que vosotros bajarais la velocidad del carro. Que ustedes/ellos/ellas bajaran That you/they lowered Leo pidi que ellos bajaran la foto de la pared. Option 2 Que yo bajase That I lowered Pedro pidi que yo bajase el volumen de la msica. Que t bajases That you lowered Marisa quera que t bajases los libros del estante. Que usted/l/ella bajase That you/he/she lowered Marco esperaba que ella bajase las persianas en la noche. Que nosotros bajsemos That we lowered Carlos pidi que nosotros bajsemos el precio de la ropa. Que vosotros bajaseis That you lowered Sara quera que vosotros bajaseis la velocidad del carro. Que ustedes/ellos/ellas bajasen That you/they lowered Leo pidi que ellos bajasen la foto de la pared. Bajar Imperativeà If you want to give a command or direct order, use the imperative mood. The tables below show the affirmative and negative commands, which are different in the tà ºÃ andà vosotrosà forms. Positive Commands T baja Lower! Baja los libros del estante! Usted baje Lower! Baje las persianas en la noche! Nosotros bajemos Lets lower! Bajemos el precio de la ropa! Vosotros bajad Lower! Bajad la velocidad del carro! Ustedes bajen Lower! Bajen la foto de la pared! Negative Commands T no bajes Dont lower! No bajes los libros del estante! Usted no baje Dont lower! No baje las persianas en la noche! Nosotros no bajemos Lets not lower! No bajemos el precio de la ropa! Vosotros no bajis Dont lower! No bajis la velocidad del carro! Ustedes no bajen Dont lower! No bajen la foto de la pared!
Saturday, October 19, 2019
Labour market Essay Example | Topics and Well Written Essays - 3000 words - 1
Labour market - Essay Example mployees as well as maximizing their profits, have resorted to transferring a lot of risks to their employees which makes then to feel more insecure about their positions in employment. Owing to the fact that employees are the most essential requirement of an organization, human resources are becoming de-motivated as well as disturbed. As a result of such disturbance, their rate of performance and devotion towards the assigned duties are reducing thereby declining the total productivity of the organization. Therefore, in order to mitigate such negative impacts of jobs flexibilities, maximum extent of the organizations are now trying to implement the strategy of restructuring and reorganization at the workplace. The statement thus portrays a true picture of what is taking place in the current set up in the labor market. A strategy aimed at reducing rate of employee turnover which is as a result of increased flexibility is thus necessary to be introduced and implemented in organizations. Otherwise, it might result in bankruptcy as well as enhancement of termination or attrition of the workers from the organization thereby declining its brand image and portfolio in the market among many other rival contenders. However, due to attrition, the rate of living standard and life style of the employee. As a result of which, the rate of unemployment and poverty is increasing that make hinder the economic prosperity of a nation or country as compared to others (Kalleberg, 2001, pp. 479-504). Organizations thus need to adopt an approach that is geared towards addressing the various forms of flexibilities that is being witnessed in current times. This essay mainly tries to highlight, the fact that due t o various labour market flexibilities, the rate of job insecurity is increasing and may lead into serious consequences in the labor market. Flexibility in the labor market can be described as the ability of an organization to make amendment to its labor force in regard to the
Friday, October 18, 2019
Interest And Property Insurance Policy Essay Example | Topics and Well Written Essays - 1000 words
Interest And Property Insurance Policy - Essay Example (Dermatoglyphics, 2007) Additionally, there are documents that record the sale of Chinese children. The child was identified by the imprints of their hands and feet on the document itself. The imprint was in clay. Indeed, many documents, official and otherwise that are memorialized with a signature are now were once memorialized by a fingerprint. Fingerprints have been used as a biometric measure1 for more than one hundred years and is known as one of the most well known and highly publicized techniques used to identify perpetrators of crime. The various forms of fingerprint identification have advanced from ink pads and paper to electronic recognition. There is a rage of new crime scene investigation shows that commonly feature show advance fingerprinting techniques, such as rehydrating the skin of a burned corpse to provide a fingerprint, or using a blue compound to take the fingerprint of a dead cadet in the field to later identify. Most techniques have become widely accepted and reliable forms of biometrics. This is especially so when combined with new techniques in computer technology and chemical agents. The application and employ of fingerprint analysis have tremendously progressed since their first use. Fingerprint identification and analysis is used in high tech security applications and handheld devices for the immediate identification of the dead in mass fatalities. Airports and amusement parks have replaced standard lock and key lockers with keyless thumbprint lockers. The age old time clock finds itself being rapidly replaced with systems that track employee time and database access with a simple press of the thumb. Fingerprints are also being used as a substitute for key entries for homes and automobiles. (Asplen, 2009) What was once a field related solely to the criminal justice system has expanded its' realm. Fingerprints are now used in security systems. Rather than having to carry easily lost security cards, restricted areas recognize authorized personnel by their finger or palm print. In the field of health care fingerprints are also highly valuable. Newborns are fingerprinted and foot printed at birth. Indeed, courts have taken judicial notice of the fact that after the fourth month of the development of the fetus, there appears to be no change in ridge patterns during the life of the individual, although environmental factors such as scars, which are easily recognized, may appear to affect the pattern. The structure and relationships of the ridges are infinitely variable and are not repeated either in the same individual or in another person-not even in an identical twin. Additionally, students taking the GMAT are identified by fingerprints instead of identification cards. Furthermore, government entities use fingerprints (the inkless type) to monitor and admit immigrants into the country and as a result of the September 11th 2001 attacks, homeland security instituted the Integrated Automatic Fingerprint Identification System (IAFIS), which store and searches for fingerprint matches. Integrated Automatic Fingerprint Identification System (IAFIS) is the largest finger print database system in the United States. (Scheck 2009) It was booted up in June of 1999. The system is maintained by the Federal Bureau of Investigation (FBI), Criminal Justice Information Services (CJIS) Division. Generally
Business Essay Example | Topics and Well Written Essays - 750 words - 5
Business - Essay Example On the other hand, if the employees fail to meet the expectation and goals of the leader, they are threatened with punishment and demotion or even termination of employment. Some of the leaders that practiced this kind of leadership included McCarthy and de Gaulle. Transformational leadership On the contrary, transformational leaders use different methods in motivating their followers. They use a shared vision and charisma to inspire the followers to forego their personal interest for the interests of the organization. The leaders transform and create dedication, confidence and the creative ways of solving the problem. This kind of leadership has been effective especially when the organization is undergoing challenges and problems. A transformational leader is not only the manager of day-day operations but also takes work team to the next level of success and performance. The leaders set targets and incentives to push their employees to a higher level of performance, as they create opportunities for personal and professional growth of employees. Some of the leaders who practiced such kind of leadership include Moses and F Kennedy. The advantage of this kind of leadership is that it brings faster development of small businesses since the leaders try to shoot ambitious goal which are achieved later through team building and the vision of the leader. Crucibles of Leadership According to the author, a crucible refers to experience that transforms and toughens people to thus giving them a new sense of motivation, purpose and identity. As it is mentioned, crucibles are like tests or trials that corners individuals and forcing them to answer questions about their identity and what is vital to them. Even though experience is important, what matters the most is how and what we learn from the experience. Most of the greatest leaders are the greatest learners since they know their motivations and aspirations. Great leaders have the characteristics of having the capacity to adapt and engage others through shared integrity. According to Bennis & Thomas, adaptive capacity is the ability to learn, adjust and change. The base of adaptive capacity is creativity, resilience, willingness to learn, openness to new form of experience and strong observational skills. In order to determine the capacity to adapt, one has to ask whether they are constantly looking for ways to improve the performance and one has gained knowledge about the different aspects of the organization. When it comes to engaging others, an interactive leader commands and enlists the team members. They exhibit the attributes of having emotional intelligence and communicate the sense of purpose According to Masi (2000), transformational leaders have some impacts on the motivation of employees and the performance of the entire organization. It has an impact on the commitment and creation of sense of vision and creates some mutual interest of leaders and followers. In reference to the article of Kamalanabhan and Sunder, it is generally believed that most the managers take more risks than others. Several researches have indicated that managers are both risk-seekers and risk-avoiders. In this article, Managers are mostly insensitive in estimation of the probabilities of the outcomes; some of their decisions are mainly affected by the way they focus on the targeted performance; and they make a quick distinction between gambling and taking risks.
Thursday, October 17, 2019
Professionalism and Time Management Essay Example | Topics and Well Written Essays - 250 words
Professionalism and Time Management - Essay Example Professionalism is the practice of engaging an activity, business or an occupation with utmost competency required in the practice. Professionalism ensures that an individual provides quality and efficiency in the outcome of his or her job (Clark & Kasar, 2009). It exhibits the qualities or characteristics of a professional person. Without professionalism, one can never attend to his or her tasks with the required integrity and ethics. (Clark & Kasar, 2009). Various factors contribute to improper time management. Some could be genuinely inevitable while outright laziness and improper planning define other reasons. Because I am regularly late for my lab sessions, it is vital to come up with effective time management skills to curb this problem (Clark & Kasar, 2009). Having a personal or self-reflection about the problem, and seeking necessary knowledge of the nature of the problem and prospective solutions is a major step to undertake toward establishing a solution.My problem is often caused by work and long distance to the laboratories. In this case scenario, I will have to come up with a timetable that would administer all my daily undertakings. It must be obeyed unless of an inevitable emergency that is more indispensable. Having mentioned that, I would rationalize my schedule and start my daily tasks earlier that normally in order to account for the long distance that for a long time has hindered me from punctuality. (Clark & Kasar, 2009).
Case Analysis on Ryan Air Study Example | Topics and Well Written Essays - 2750 words
Analysis on Ryan Air - Case Study Example Thus, in 2004, the company's short-term market orientation involved segmenting by lifestyle and by income bracket in the European marketplace in order to appeal to a broader target consumer audience. The key stakeholders in the firm include all staff members responsible for carrying out strategic objectives, the communities in which Ryanair thrives, as well as the customers who frequent Ryanair as their low-cost carrier of choice. Satisfying the stakeholder appears to be the firm's long-term mission in Europe in lieu of having no established, formalised mission or vision statement. Lack of such a mission or vision may be involved in the rationale for why Ryanair experienced sales declines in 2004, however this will be discussed in further detail in this case analysis report. This report will highlight factors in both the internal and external business environment which are plaguing Ryanair in terms of maintaining a strategic orientation that is completely congruent with sales goals and growth initiatives. A micro- and macro-level analysis of the firm in 2004 is proposed in this report. PEST analysis is an acronym for political, economic, social an... Each of the aforementioned forces are categorised by a particular macro-level external influence, each of which directly impacts strategic direction at Ryanair. The external political environment is one of significant advantage to Ryanair, as the majority of its operations are contained within Europe. It is relatively common knowledge that this region maintains political stability, thus Ryanair does not experience issues with governmental instability in Europe as a concern regarding passenger volumes or flight destinations. However, outside of the European marketplace, the firm maintains significant economic difficulties posed by political forces such as OPEC, the organisation responsible for oil production in the Middle East. As the majority of international revenues in the Mid-East regions stem from oil and oil production/distribution, the current methodology of global supply chain (in relation to where oil is delivered based on price and overall demand) incurs large-scale costs to Ryanair who, like other business entities, is unable to secure low-cost fuel due to political forces which drive oil distribution. This assessment of the external political environment is well-supported by Ryanair documentation highlighting 2004 as a year of challenges stemming largely from the cost of oil which continued to escalate in this particular period (Annual Report, 2004). The economic environment in which Ryanair thrives in 2004 is relatively stable in terms of maintaining operations successfully and contributing to the financial well-being of European nations in the process. The European Union, consisting of a large quantity of developed countries in Europe, maintains a high value for its integrated currencies, suggesting that this region is
Wednesday, October 16, 2019
Nano Assignment Example | Topics and Well Written Essays - 750 words
Nano - Assignment Example Tompkins has been titled the CEO because his background closely fits the position. He is likely to be doing more work than the other founders. Since he is doing more work he deserves a different salary and equity level. The other founders are fair with the equity but not fair about the salary that Tompkins receives. The decisions made regarding split equity and compensation is unfair and leaves no room to share equity amongst other employees. Without being able to share equity amongst other employees, the new employees may not be as driven to get the company where it needs to be. The founders are the creators of the company and share in ownership. All though they may share in ownership it does not mean that they should share equity and compensation if there job duties are not the same. A change is equity and compensation needs to be made to create a real fairness and ability to offer equity to other employees. The size of the founding team is five men that are all from the same company. Don Rupert is the head of AMSL. He is a co founder of NanoGene. Will Tompkins is a bio chemist and founder along with three other scientist and biologist. Mark Masterson and Ravi Rhoota were former AMSL scientist and an important asset to NanoGene. Gary Garfield who was also important to NanoGene is a doctor in biology. Each founder is vital to NanoGene in a way that the type of development for NanoGene requires each founder to make it work. Having five founders starting up a company can cause problems early as well as later on in the company life. Having five founders requires the need to receive acceptance from each of the five founders each time an issue arises. It is unlikely that all five founders will agree on each issue. When issues come up of importance it is likely that a vote will need to take place. Being a founder of a company is an important role. Founders are the
Case Analysis on Ryan Air Study Example | Topics and Well Written Essays - 2750 words
Analysis on Ryan Air - Case Study Example Thus, in 2004, the company's short-term market orientation involved segmenting by lifestyle and by income bracket in the European marketplace in order to appeal to a broader target consumer audience. The key stakeholders in the firm include all staff members responsible for carrying out strategic objectives, the communities in which Ryanair thrives, as well as the customers who frequent Ryanair as their low-cost carrier of choice. Satisfying the stakeholder appears to be the firm's long-term mission in Europe in lieu of having no established, formalised mission or vision statement. Lack of such a mission or vision may be involved in the rationale for why Ryanair experienced sales declines in 2004, however this will be discussed in further detail in this case analysis report. This report will highlight factors in both the internal and external business environment which are plaguing Ryanair in terms of maintaining a strategic orientation that is completely congruent with sales goals and growth initiatives. A micro- and macro-level analysis of the firm in 2004 is proposed in this report. PEST analysis is an acronym for political, economic, social an... Each of the aforementioned forces are categorised by a particular macro-level external influence, each of which directly impacts strategic direction at Ryanair. The external political environment is one of significant advantage to Ryanair, as the majority of its operations are contained within Europe. It is relatively common knowledge that this region maintains political stability, thus Ryanair does not experience issues with governmental instability in Europe as a concern regarding passenger volumes or flight destinations. However, outside of the European marketplace, the firm maintains significant economic difficulties posed by political forces such as OPEC, the organisation responsible for oil production in the Middle East. As the majority of international revenues in the Mid-East regions stem from oil and oil production/distribution, the current methodology of global supply chain (in relation to where oil is delivered based on price and overall demand) incurs large-scale costs to Ryanair who, like other business entities, is unable to secure low-cost fuel due to political forces which drive oil distribution. This assessment of the external political environment is well-supported by Ryanair documentation highlighting 2004 as a year of challenges stemming largely from the cost of oil which continued to escalate in this particular period (Annual Report, 2004). The economic environment in which Ryanair thrives in 2004 is relatively stable in terms of maintaining operations successfully and contributing to the financial well-being of European nations in the process. The European Union, consisting of a large quantity of developed countries in Europe, maintains a high value for its integrated currencies, suggesting that this region is
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