Managing a Diverse Workforce in Organizations Essay

Managing a Diverse Workforce in Organizations - Essay Example A diverse workforce also includes people with both physical and mental disabilities, immigrants and people with varying lifestyles. For a diverse workforce to function effectively, the human resource has to understand both the advantages and disadvantages of a diverse workforce. The human resource professional must also be in a position to manage a diverse workforce. In future, diversity will tend to increase with many organizations realizing its benefits. Organizations that enforce immediate action and develop a diverse workforce may experience its benefits. However, there are associated challenges as well. Development and implementation of workplace diversity are important factors that determine organization’s success and competitiveness. There are multiple benefits associated with developing and handling a diverse workforce. A diverse workforce increases the organization’s adaptability to the market. A company handling a diverse workforce has a better chance of solvi ng problems in service and allocation of resources. Employees from diverse backgrounds introduce individual talents and experiences to the organization that ensures increased flexibility in adapting to fluctuations in both the market and customer demands. A diverse workforce increases the level of productivity for the organization (Bedi, Pooman, and Ekanshi, 2014). Development and implementation of workplace diversity are important factors that determine organization’s success and competitiveness.

Conceptual Map Essay Example | Topics and Well Written Essays - 500 words

Conceptual Map - Essay Example are business, system for reporting purposes, system for healthcare business intelligence for example data marts, data warehouses and online analytical processing (OLAP ) systems. Quality data collection enhances the quality of services offered as measured by a focus on patients’ needs, speed of response to enquiries and problems and accuracy of information. It also enhances quality of information as measured by timeliness, accuracy, accessibility, completeness, relatability, uniqueness and validity. Approaches for incorporating data quality into CRMs data warehouse include defining data quality expectations and metrics, which can be done by the use of metadata or data quality metrics, indentifying poor data and its limitations, assessing data quality limitation and improving data quality through human experts or state-of-the-art tools. Data integration is essential for unified view of the patients. It also allows combination o information on patients’ products and better understanding of patients’ needs and its findings are useful in planning, marketing and sales efforts. Data integration tools include statistical modeling, campaign management and data mining. All these lead to improved data quality and subsequently lead to improved results, reduced cost and informed healthcare decisions. They also improve patients’ acquisition and retention, enhance customer services, increase patients’ loyalty and preference and maximize the lifetime value of each patient. Alshawi, S. et al. (2003). Healthcare information management: the integration of patients’ data. Retrieved, February 26, 2009 from

Preparation for Graduate Employment Essay Example | Topics and Well Written Essays - 1500 words

Preparation for Graduate Employment - Essay Example I would like to work for a magnificent company such as yours in a responsible position, in which I will contribute through my professional, personal and inter-personal skills. My long term career goal is to move on to higher positions with greater responsibilities within investment banking possibly after having studied for an MBA in between. However, I prefer to remain with the same company as part of my career aspirations. Although transitioning from education to a professional environment can be quite challenging, I have gained significant experience in my various stints at several companies, which has provided me the necessary insight into the corporate world. having been performing successfully in every such challenging environment, I am confident of being able to bring in the same level of commitment and energy into my work in my future employment. I have travelled extensively and have interacted with people from over 50 nationalities. As such, I love to bond with diverse people and share ideas and thoughts with them. I believe that any profession that incorporated my educational skills and professional experience to the highest level would be my ideal job. Combining my knowledge in Finance with my experience in handling customer oriented responsibilities along with computer and administrative capabilities have helped me, my co workers and my company in attaining their objectives. It is also one of the predominant reasons for me to consider myself as a valuable addition to the team at Goldman

Crisis Management unit 2 Complete Case Study Example | Topics and Well Written Essays - 750 words

Crisis Management unit 2 Complete - Case Study Example BP also lacked proper mechanism in terms of the procedure and interpretation of the results for the negative pressure tests and hence even when they detected the pressure on the drill pipes, they assumed it was false negative and the presence of pressure indicated there was a leak and the seal had not been well secured. This eventually fueled the fire which led to casualties and the spill of crude oil in the Gulf of Mexico and ultimate loss to the BP Company, the Cameron International, Transocean and the government (Crandall, Parnell and Spillan, 2009). The latest news about the BP explosion is that The BP engineer who was overseeing the safety and all other activities in the oil rig will be the first to be prosecuted and he will be taking the blame for the accident (Thompson and Galofaro, 2013). This is scapegoating as the accident was created by the neglect of several people and not only the engineer. The management should also be charged as being solely responsible as well and not take the engineer as a sacrificial lamb in the accident that not only cause massive damage but deaths as well. The Deepwater Horizon accident was associated more with faulty process safety culture than with cost cutting. BP had used a lot of money in the process and due to fall back in the schedule, had incurred an additional $58 million not budgeted for. This however is not the reason that caused the accident. As explained in the summary above, BP overlooked some of the safety procedures required to seal of the BOP in order to ensure no gas leaks that could easily be ignited and cause a fire. The BOP had earlier on (a few weeks before) been slightly damaged but no action for repair or even mere inspection was carried out once funny and suspicious rubber pieces were found in the oil. They also overlooked the fact that in order to completely seal the BOP, they had to use 21 centralizers. They had only six and instead of waiting for the rest to arrive, they decided to use those six. During the negative pressure test, when they discovered pressure being released, they termed it as a false negative pressure reading and the pressure seeped with the gas through the not completely sealed BOP and it was ignited causing the fire and the complete destruction of BOP which was slightly destroyed hence causing the oil spill. The strategy BP undertook of ignoring the safety precautions and instructions standards set and the management providing instructions that overlooked the danger is what led to the crisis. On realization of the looming crisis whose signs were eminent for all to see, BP would have formed a crisis team to handle the situation but nothing of the sort was done. Since the management had the power, authority and mandate to make final decisions concerning the running of the whole process, their word concerning the crisis was final and their decision carried out. Their neglectful and rush decisions are what majorly contributed to the accident. The first of the steps is to appoint and empower a safety precaution and investigation team which would be mandated to carry out safety checks as regularly as possible. Next would be to work hand in hand with the employees opening up direct communication with them so that in case of any faults in the rig or any other

Final Exam About Research Method Class Essay Example | Topics and Well Written Essays - 1000 words

Final Exam About Research Method Class - Essay Example This type of sampling method gives us the ability of calculating the sampling error since we know the probability through which each sample was arrived at. A valid example of application of the method would be when we want to seek the opinion of married men about an issue; the sampling population is all the married men who have an equal probability of being researched on (Ross & PekoI?z, 2007). Non-probability sampling on the other hand is a sampling method, which presents itself in different shapes and sizes. This method does not present an equal chance for each member or unit of the population of investigation to be surveyed i.e. it is biased. This method is that which most researchers employ since it is less tedious and quite cheap. Non- probability sampling method requires that a hypothetical model is designed that fits the data defined, the validity of the model defined may also be extremely difficult to verify. This is because there is the definition of the sample for investiga tion is done based on convenience through a selection of a unit, which fits within the block selected. An example of this takes place when survey is passed to someone and the person asked to send the same to a friend to expand the target population (Ross & PekoI?z, 2007). Unobtrusive research This is a form of non- reactive research method and it is employed on data collection majorly in social research. This form of research do not in any way interfere with the human research subjects because they are not the direct source of the required data for analysis. The required data is obtained indirect ways through relevant methodologies to get the necessary data from the research subjects. In social research, unobtrusive research should not be viewed as a substitute for the reactive methods such as questionnaires and interviews but instead additional measures to collect. This one method can easily be used to eliminate the biases that are presented by the reactive measures. In social rese arch, the method defines the aspects qualitatively though at some times it can be employed quantitatively (Esterberg, 2002). Unobtrusive research method is mostly preferred because; it has few unethical considerations, it is also less costly. The method exists in three different types that are; content analysis, analysis of existing statistics, case studies. Content analysis is the analysis that involves the analysis of documents in a text. Such analysis can be either qualitative or quantitative in nature with an objective of identifying the patterns through the text. Content analysis a wide area of research; it entails thematic analysis, indexing and qualitative analysis. An example of this type of research is the analysis of photos, films and paintings. Analysis of existing statistics will entail the researcher going through valid and viable previously collected and analyzed data, which may be from government or relevant agencies. Analysis of the existing statistics is used as the main source of data for making general assumptions of individual elements to generalize on the population (Esterberg, 2002). Case studies otherwise called the analysis of comparative or historical research involve the examination of the society over a given period of time and comparing them with other societies. An example is the research that saw the transformation of society from savagery through barbarism to civilization. US anthropologist, Lewis Morgan, conducted this research. Pre-experimental research

Review Answers On Contemporary Drama Essay Example for Free

Review Answers On Contemporary Drama Essay With the many plays present and available, the tile of this particular contemporary play caught me since it was very unusual, and I wanted to know whether it was alluding to a deeper metaphorical meaning or just a play with a different contextual meaning—like a satire of some sort as to what George Orwell did in Animal Farm. Moreover, the title seems intriguing—this is brought on by the visual impact of the Dead Rats since it is both gory and gruesome. 2) Review the playwright’s literary elements: a. Provide a plot summary. The summary of the play is unusual since it itself does not seem to follow a normal plot pattern or any plot at all. The play instead is in the format of a â€Å"stream of consciousness† wherein there is a jumping of characters, themes, and motif. Just as the plot was making sense or beginning to make a point, it shifts to different characters and stories. But I believe that that is mainly the point or summary of the plot—the voices or the many characters in the mind of a person which shifts immediately and suddenly without warning. There seem to be so many characters, but they have no common factor, and yet they are connected somehow. b. Identify the genre. How do you know? It is hard to identify the genre of the play, but it can be considered as a psychological contemporary play. This is for the reason that the play seems to happen inside the mind and yet not entirely in it. There are allusions of the psychological treatment from the very start of the play—from the voices which the man is hearing to the presence of Dr. Green or School Master Green who is treating a patient by the name of Mary or Marie with multiple personalities or multiple interpretations of reality and fantasy. The entire play itself is confusing since it keeps shifting and turning with the characters and the mention of either the mentally disturbed or the dead. c. What is the theme? The theme is most exemplified at the end of the play wherein the dead character by the name of Ann tells the audience that â€Å"she continues†: Everything continues, and I will continue. I can see right through your silence, right through into your mind, deep inside behind your face, way back, where you really think, and I know just how hard it is, how hard the pain hits you, but look at me, hear me. I continue. After the lights go down, I continue. (Knag, 2009, n. p. ) The whole play is about the inner realms of thinking and of the mind; that is to say, just because someone is dead or not there anymore does not mean they cease to exist—because everyone continues. d. Is there spectacle present in the play? If so, how did it affect your reading of the play? There are a lot of spectacles present in the play, like the outbursts of the emotions of the characters or the killing of the Little Waif character also known as Marie or Mary. These so-called spectacles made me more interested with the play and made me want to find out what is happening and what was going on. 3) If you could change any part of the plot in your selected play, what would you amend? I think the author, Paul Knag, already did a fine job with the play. Even if the play is very confusing, startling, and gruesome, it was very well-written and intriguing to the point that the reader is made breathless with the drama and action going on. However, there are some points which I would want to change. For instance, it seems that are too many scene changes and props needed. The practicality of producing such contemporary play should be considered since the play itself is quite simple. Hence, there is no need for theatrical displays of props and settings since in my opinion, the psychological beauty and seriousness of the play can still come out if there are simpler props and settings included. For example, instead of traveling from one place to another to determine the shift from train station to the actual destination, there can be a play with light, darkness, and space as to pertain to the shift. Reference

UK Telecommunications Management of Interest Rates

UK Telecommunications Management of Interest Rates INTRODUCTION In business world today many companies are faced with the increase in volatility of financial markets which has lead to increase in financial price risk. Many companies are faced with exposure to financial risk which are caused by unanticipated exchange rate and interest rate movements. These unanticipated movement in exchange rate which is caused by international competition can results into large gain or loss if the risk is not managed properly. Exchange rate movement generate business risks which can vary the current foreign assets and liabilities and interest rate movement can have indirect impact on companys value on its future cash flows. Domestic and multinational companies who are faced with these kind of risks must assure that they control these risks otherwise if they are unmanaged then this can result into total failure of business. Financial Institutions have introduced different products to help companies in risk management. These products are Forward contracts on exchange rate, Futures contracts, Interest rate swaps and Options. Forward contract being the oldest product to be introduced to manage both foreign exchange and interest rate risks. 1.1 Problem statement Changes in business environment and increase in movement of interest rate and exchange rate has resulted into rise in financial risk exposure. These movements can affect not only companys profit but also companys survival in indirect way. Financial risks management has turn to be a significant area of pertain for UK corporations. Therefore this proposal attempt to find out how UK Telecommunications industry handle financial risks in an increasing business risk environment. Research aim and objectives Aim The main aim of the study is to determine how firms in UK Telecommunications industry manage interest rate and foreign exchange financial risks by looking into use of derivatives. 1.3 Research Objectives The primary objectives of the research will be; To determine how companies manage risk To determine whether derivatives are used or not To determine which derivatives are used and for what purpose Disclosure of financial instruments 1.4 Research Questions The following research questions will guide this research How companies manage risk? Are derivatives used or not used? Which derivatives are used and for what purpose? What are the disclosure of financial instruments? 2. LITERATURE REVIEW Derivatives are financial instruments whose values are deduced from some underlying assets or rate/price. Derivatives are now of paramount importance to the business world, with imaginary value of more than $200 trillion of these derivatives are being traded on coordinated and over the counter markets in 2004 (Bank for International Settlements, 2004). The financial products which are provided by FinanciaI Institution are options, futures contract, forward contract and interest rate swap. The common Interest rate derivative is Interest rate swaps and others are future contracts and interest rate options while for foreign exchange derivatives are forwards contracts, currency swaps, foreign exchange futures and options. Forward contract gives the owner the obligation to buy an asset at set price and maturity date as agreed in the contract. Future as like forward but in futures are public traded while forwards are private contracts. Unlike future and forward, options give the owner the right but not obligation to buy or sell an asset at a fixed price on or before specified date (Prevost et al, 2000). Derivatives are used to cut down cash flows and earnings volatility caused by changes in foreign currency exchange rates, commodity prices, interest rates and other risk factors (Barton J, 2000). Use of financial derivatives is widespread, especially among large publicly traded companies and is still increasing sharply. For example, in a study done by Guay and Kothari, (2003) based on annual reports information of 413 largest firms in the U.S revealed that 57% were using derivatives. In another study of 314 Fortune 500 firms showed that 72% were using derivatives (Barton J, 2001). Mallin et al. (2001) did survey analysis on the use of derivatives in risk management, he mailed questionnaire to 800 UK non financial firms listed on London stock exchange. Results showed that of 231 respondents 32% were applying at least one derivative instrument. Another researchers Bodnar et al (2003) studied derivative usage in managing risk to 167 non-financial Netherlands firms and revealed 84 usable responses which is 50.3%. In India a study was conducted to examine derivatives usage in managing foreign exchange risk to 640 companies which were faced with foreign exchange exposure and results showed that 70.4% of respondents used foreign exchange derivatives to manage risk (Anand and Kaushik 2007). Whilst many firms use derivatives in managing risk, misuse of it may result into major losses. This was proved by Karpinsky (1998) who revealed companies like Sumitomo Corporation lost $3,500 million in 1996 because of copper future. On the other hand El-Masry (2003) collected data from questionnaire mailed to 401 non financial companies listed on London stock exchange, 50% of respondents did not use derivatives because the risk exposure was not substational. Likewise suryey done by Bodnar et al (1995) revealed lower use of derivatives and the reason being low insignificant exposure. Regarding to mostly used derivatives to manage risk exposure, survey done by Marshall (1997) pointed that options, swaps and forwards were normally used to manage interest rate and foreign exchange risks. In El-Masry (2003) survey of UK non financial firms, results indicated that firms use options at 29.4%, forward/future at 23.7% and swaps 23.1%. 3.0. RESEARCH METHODOLOGY Research design This study will be conducted as a quantitative survey Sources of data The main source of data will be the annual reports of 10 companies in the UK telecommunications industry for the past three years. Documentary source Bell (1999) state documentary source involves the reading of relevant information from library source such as text books, journals, newspapers and internet. Secondary source will enable a researcher to conduct broad investigation and help confirm the reliability of the findings given that the findings may be subjective and this source will be used as well to cut down reliance on the annual reports as the main source of data used in the study. Sampling selection Selection of sample will be based on the public data information of the companies and the eligibility criteria will base on following factors; The company must be in the telecommunication services industry The company must be either a Domestic or a Multinational one which is exposed to financial risks as an outcome of international competition The company should be among of the listed London Stock Exchange companies Data analysis Data collected will be analysed using Statistical Package for Social Sciences (SPSS) and presented using frequency table. 4. CONCLUSION Measuring and managing financial risk exposure are crucial functions in cutting down companies vulnerabilities from major exchange and interest rate movements. Financial derivatives are very important in risk management of corporations 5. REFERENCE Anand m., Kaushik k. p., (2007).Management Motivations for Use of Foreign Currency Derivatives in India, IIML Working Paper Series. Bank for International Settlements. (2004). Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity in 2004. http://www.bis.org/publ/rpfx05.htm. Barton, J. (2001). Does the Use of Financial Derivatives Affect Earnings Management Decisions? The Accounting Review, 76, 1-26. Bell, Judith. (1999). Doing your Research Project: A guide for first time researcher in Education: 3rd Edition Buckingham, Open University press.UK Bodnar g. m., de jong a., macrae v., (2003). The impact of Institutional Differences on Derivatives Usage: a Comparative Study of US and Dutch Firmsà ¢Ã¢â€š ¬?, European Financial Management vol. 9, No. 3, pp. 271-297. El-masry a.,(2003) A survey of derivatives use by UK non financial companies, Social science research network Manchester Business School pg.455. Grant, K. and Marshall, A. P. (1997), à ¢Ã¢â€š ¬Ã…“Large UK companies and derivativesà ¢Ã¢â€š ¬?, European Financial Management, vol. 3 no. 2, pp. 191-208. Guay W Kothari, S. P. (2003). How Much Do Firms Hedge with Derivatives? Journal of Financial Economics, 70, 423-461. Hentschel, L., Kothari, S. P. (2001). Are Corporations Reducing or Taking Risks with Derivatives. Journal of Financial and Quantitative Analysis, 36, 93-118. Mallin c.; Ow-yong k. and Reynolds m.,(2001) Derivatives usage in UK non-financial listed companies, The European Journal of Finance Vol. 7 (2001), pp. 63-91. Saunders, M., Lewis, P. Thornhill, A. (2007). Research Methods for Business Students. 4th Edition. Pearson Education Limited UK. Prevost, A. K., Rose, L. C., Miller, G. (2000). Derivatives Usage and Financial Risk Management in Large and Small Economies: A Comparative Analysis. Journal of Business Finance and Accounting, 27, 733-759.