What Its Like Being a Finance Student Essay Sample free essay sample

Bing a Finance pupil is like a journey you can go you don’t cognize where you could convey. it’s like a route that sometimes can be unsmooth or slippy nevertheless every challenge I took is a lesson learned for me. In my three old ages of being finance pupil is possibly a challenging yet demanding twelvemonth in my life by so I learned a batch of things that brought me to be a better life shortly in the concern universe. Every route has its ain bounds and it’s called finish line. now I am eventually in my last trip traveling to success that likely a toughest portion in my journey being a pupil. Possibly. clip passes really rapidly though there’s an case that really bears in my head every lesson I learned from this university. Sometimes I ask myself what I could lend in my subdivision being a out of use subdivision. We will write a custom essay sample on What Its Like Being a Finance Student? Essay Sample or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page We shared of friendly relationship and battles in four old ages in malice of this we still acquiring closer and stronger. However. when I reach this far I wonder why things are really meaningful when you exerted attempt for it. They say â€Å"if You Crave for something does a Strive† . As BBF 1-3. 2-3. 3-3. 4-3. I learned how interaction with person is meantso much. how others care for you even in the times of down.When we reach our last chapter here in 2nd floor west flying. we molded by doggedness and squad work to get the better of those undertaking assigned by our distinguish professor s particularly Mrs. Aranza.Our Outreach plan which held at Marikina Catholic School is something I could state a really productive undertaking for our subdivision.By now. the Department required a seminar for every 4th twelvemonth pupils. and our subdivision selected a subject which is FOREX 101 therefore it is a exciting yet a hard portion in our subdivision to carry on a seminar for every pupils peculiarly the readying we had made to do it more successful and a hallmark for every 3rd twelvemonth and 4th twelvemonth pupils. I believe that my journey will non stop by the lesson I learned in PUP but the experient I acquired in different people I talk to. Business universe we will run into shortly. â€Å"Commit to the Godhead whatever you do and your programs will Succeed†- Proverbs 16:3 PIRA CAMPUS TOUR 2012Speaker: Mr. Michael Rellosa. Mr. Dick Cabusao etc.Date: September 6. 2012 PIRA is the institutional leader of a strong. unified. influential and cohesive non-life insurance industry in the Philippines that ensures the industry’s long-run growing and sustainability.

6 Ways to Cope with Tax Season at Work

6 Ways to Cope with Tax Season at Work Nobody likes the anxieties of tax season (is a dog considered a dependent or what?), but as Mark Twain’s ghost reminds us from beyond the grave, the only thing more certain than taxes is death. Bottom line: we’re stuck with it. That doesn’t mean you can’t make it a more fun season around the office. See if anyone else shares your pain and denial.Decorate the W-2 you get from Accounting.Flirt with a coworker in the hopes that you’ll be able to file as â€Å"married† next year.Make it rain in the break room when you finally get your refund.Make sure everyone knows you’ve done your civic duty.

Competitors and Competitive Rivalry Research Paper

Competitors and Competitive Rivalry - Research Paper Example It sells its products in physical store format along with online stores (Goldberg, â€Å"Why the toy industry isn’t having any fun†). The first company to start a television campaigning. The shop owners provide excellent customers service by catering to individual customer’s needs for all festive occasions. The brand is established since the year 1920 Weakness The company targets pet owners because it specializes in making customized stuff toys for the pet owners (Goldberg, â€Å"Why the toy industry isn’t having any fun†). The company lays emphasis on the manufacturing of core products like greeting cards and other gifting products. Opportunity The threat of substitutes is low for the company because there are few companies who manufacture customized stuff toys for pet owners. ... The company lays special emphasis on the manufacturing of greeting cards and has lost its exclusivity of producing stuff toys. The company has slowly lost its reputation as a leading stuff toymaker. The competition in the toy industry is very intense and the profitability of the company is decided by certain factors like quality of the stuff toys, price and play value. Among the top stuff toy companies Build a Bear and Pillow Pets are expected to maintain its market position and also yield a decent amount of profits even in the current situation (â€Å"Build-A-Bear Workshop, Inc. Competition†). Pillow Pets has not been able to manufacture stuff toys on a large base but Hallmark has been an established stuff toy maker and greeting card manufacture since 1910 (Linders, â€Å"Competitiveness Proofing Toy Related Industry †). Emerging Trends & Future Competition in Stuff Toy Industry The current scenario in the stuff toy industry is weak and the industry has been witnessing decreasing trend in the purchase of the stuff toys and pillows. The US stuff toy industry has been witnessing weak sales and it has currently generated profits of $ 17 billion (â€Å"Annual Sales Data†). The worldwide sales of the stuffed toy have also decreased since 2010; the profits amounted to $83.4 billion in the year 2012 (â€Å"Annual Sales Data†). However, certain series of toys imitated from the popular movies like Skyline series have remained popular among the children and teenagers. The Disney series has also been popular and has gained worldwide popularity. By observing the current trend it has been noticed that the stuff toy industry has been witnessing declining sale and only certain series have been generating huge amount of revenue amidst this economic slowdown. The

Transport Techniques and Management Essay Example | Topics and Well Written Essays - 3000 words

Transport Techniques and Management - Essay Example Fossil fuels are considered as non renewable sources of energy (Lawson, 2001, p.38). The reserves are getting depleted away at a much faster rate in comparison to its formation. However the production process and its use increase the chances of environmental pollution. Therefore a global footstep towards the formation of non-renewable resources is under process in order to meet the needs. However there are also environmental effects which take place for its usage. USA only holds 5 % of the world’s total population, but due to its high usage of private cars, it consumes a lot of petroleum products. USA uses more than 25% of the total fossil flues of the world. Moreover 90% emission of green house gasses is mainly due to the process of fossil fuel combustion. Combustion of fossil fuels also gives rise to the different air pollutants the pollutants include nitrogen oxide, volatile organic compounds and sulphur oxide (Chowdhury, 2007, p.2). Coal, natural gasses and oil are made fr om fossil fuels (U.S department of energy, n.d.). Oil is also considered as the primary source of transportation. Petroleum products include diesel, petrol and other natural gasses. Due to the heavy increase of transportation there is a huge increase in the use of petrol and diesel. Also the products are non renewable sources thus usage should be controlled. Therefore it is necessary to find an alternate source by which the non renewable sources can be consumed for future uses. Also if the non renewable sources are used to a certain level the future generation capability may also get highly weakened. Hence the alternative means of flues or any other technology must be renewable. In other words there should be use of alternatives which can be further generated and also remain economically friendly. Therefore in the context of the project the three alternative means of technology or fuel in underlined below:- Alternative 1- The first alternative is about using solar energy for the pro cess of transportation: The use of solar panel in car can hugely save energy and is also an eco friendly medium. Solar panels are mainly made up of different individual components such as Photo voltaic cells. These cells are capable of generating high amount of amount of energy in order to run a carriage. Solar panels can be attached to the roof tops of the cars, the solar panels are mainly used for running the peripheral devices within the engine and not rolling the wheels. The only difference between the other cars and a solar car is the fuel that is used for running the car. The energy from sun also known as solar energy is used to charge the cells. The power that has been generated from the solar panels is used to charge the 11 Nickel Metal-Hydride batteries, which makes it capable to run even a bus. For example a bus named ‘Tin-do’ is capable of carrying passengers up 27 numbers. The car is also capable to run at a speed of 76 km / hr. The biggest advantages of usi ng solar panels are that it gets recharged very quickly. The quicker recharge system allows the battery to get recharged 1km capacity, which makes the technology to be very competitive. The advantages of Solar energy cars are as follows:- The energy is practically inexhaustible. The energy is derived from sun light and hence there are no concerns over its existence (Chauhan,

WW1 AND WWII Research Paper Example | Topics and Well Written Essays - 1250 words

WW1 AND WWII - Research Paper Example One can see that loss of life, economic burden, and underdevelopment are the basic elements of tragedy related to the World Wars. Murray Polner states that, â€Å"World War I led to 30 million people killed or wounded and disastrous epidemics of disease, plus a multibillion-dollar debt that was never repaid to U.S. creditors and, ultimately, fed into the collapse of the international financial system in 1929.†1 For instance, during WWI (1914-18), the Central Powers and the Allies lost millions of civilians and soldiers. Besides, economic burden crushed the European nations and new taxes were implemented to overcome the same. As most of the resources were used to gain supremacy in the warfront, the participant nations were forced to face underdevelopment. On the other side, the death toll of WWII (1939-45) was comparatively high due to the usage of innovative nuclear weapons, and the same resulted in high death toll. Still, the economic burden of the WWII was limited to the Axi s alliance. At the same time, most of the nations within Allies lost their supremacy over colonies and this resulted in underdevelopment in Europe to an extent. The controversial issues related to the World Wars are linked with the violation of agreements, usage of deadly weapons, and cruelty towards prisoners. During WWI, the Central Powers continuously violated agreements with other nations in Europe. Besides, deadly weapons were used against civilians, including elderly people and children. The prisoners were ill treated and the same resulted in serious emotional problems among them. During WWII, the Axis powers tried to follow international agreements, but the Allies, especially Germany and Japan, continuously violated the same. Besides, the usage of deadly weapons like nuclear weapons during WWII attracted international criticism. The Jew population in Central Europe, especially in Germany, was forced to face genocide. At the same time, the prisoners of WWII were

The Origin Of Human Resource Management Management Essay

The Origin Of Human Resource Management Management Essay Introduction: A single universally acceptable definition of HRM could hardly be found in this universe. Definition varies according to the author and probably they altogether refer organizational management activities in wider sense or in relations to employees welfare , or a strategic approach to people management (1). Human Resource Management provides an international forum for discussion and debate to promote the understanding of the importance of human resource management and people management to business strategy. Human resource management (HRM), as defined by Bratton, J. Gold, J. (2003), is A strategic approach to managing employment relations which emphasizes that leveraging peoples capabilities is critical to achieving sustainable competitive advantage, this being achieved through a distinctive set of integrated employment policies, programmes and practices. According to this definition, we can see that human resource management should not merely handle recruitment, pay, and discharging, but also should maximize the use of an organizations human resources in a more strategic level. To describe what the HRM does in the organization, Ulrich, D. Brocklebank, W. (2005) have outlined some of the HRM roles such as employee advocate, human capital developer, functional expert, strategic partner and HR leader etc. New challenges arise even now for the organization, and it is certain that new challenges will never cease to emerge. Therefore, the use of proper Human Resources techniques is a really powerful way for organizations to overcome these challenges, and to improve not only their quantitative goals but also their organizational culture, and their qualitative, cognitive aspects. Take our 20 best people away, and I will tell you that Microsoft would become an unimportant company (Bill Gates, CEO of Microsoft in Fortune, November 25th, 1996). This clarifies that how important is HRM for the development of business. In the global recession period HRM could play an important role in reducing the recession. organizations do not owe their success solely to market realities and sustainable competitive advantages, rather successful companies are those that consider their human capital as their most important asset. HRM and Personnel management: People however often get confused with the term personal management as a HRM. Though they possess similar characteristics they are indifferent to each other. People should be aware that HRM is strategic in nature that is, being concerned with directly assisting an organization to gain sustained competitive advantage. Whereas personnel management is about the maintenance of personnel and administrative systems. HRM is more proactive than Personnel Management. Furthermore, a valuable contribution of HRM is to direct the attention to regarding people as the key resource of organisations and lending the management of personnel increased importance. Personnel management refers to a set of functions, for example, recruitment and selection, often performed effectively but with little relationship between the various activities, or with overall organizational objectives. HRM, in contrast, assumes that all personnel activities are integrated with each other and strategically with organizational objectives (Nankervis, Compton and McCarthy, 1999, pp.4-5). Main differences between Personnel management and HRM: Personnel management is workforce centered, directed mainly at the organizations employees; such as finding and training them, arranging for them to be paid, explaining managements expectations, justifying managements actions etc. While on the other hand, HRM is resource -centered, directed mainly at management, in terms of devolving the responsibility of HRM to line management, management development etc. Personnel Management is basically an operational function, concerned primarily with carrying out the day-today people management activities. While on the other hand, HRM is strategic in nature, that is, being concerned with directly assisting an organization to gain sustained competitive advantage. HRM is more proactive than Personnel Management. Whereas personnel management is about the maintenance of personnel and administrative systems, HRM is about the value of organizational needs, the continual monitoring and adjustment of personnel systems to meet current and future requirements, and the management of change. Strategic HRM: Strategic HRM, as it has come to be known, is concerned with the development and implementation of people; strategies which are integrated with corporate strategies and ensure that the culture, values, structure of the organization, quality, motivation and commitment of its members; contribute fully to the achievement of its goals (Armstrong, 1991; cited in Armstrong and Long, 1994). More and more companies are proactively involving HR in the earliest stages of generating the business plan, rather than just letting HR reacts to it (Dessler, 1997; p. 19). One of the central themes of strategic HRM is its use of the term strategic, which incorporates planning, a congruous approach to the management of HR systems, and seeing employees as a source of competitive advantage (Hendry and Pettigrew, 1986). Strategic HRM seeks to ensure that all business planning processes realize that the ultimate source of value is people, and that the firms distinctive competencies and the types of people who are needed to build and maintain them are identified (Stone, 1995; p. 9-10). Such a view makes HRM an equal partner in the strategic planning process (Dessler, 1997; p. 22). The management of people is not a distinct function but the means by which all business strategies are implemented. (Armstrong and Long, 1994; p. 44). Strategic HRM is a response to change (Ezzamel, 1996: p. 76). By managing this change well, a competitive advantage can be gained through the matching of HRM to business strategy (Kamoche, 1991:p. 3). Effective HR strategies have now become the distinguishing factor among successful organizations and economies (Stone, 1995:p. 10). However, it must be realized that strategic HRM will not guarantee success it is not an instant pudding (Armstrong, 1994: p.54) Hard and Soft Models of HRM: HRM has been frequently described as a concept having two diametrically opposite, though not necessarily irreconcilable, languages: soft and hard. Soft HRM emphasizes communication, motivation and leadership (Storey, 1989: p. 8; Boxall, 1996: p. 59). It is associated with the human relations movement and McGregors Theory Y view of individuals (Truss et al, 1997: p. 54), and it assumes that employees will work most effectively if they are fully committed to the organization (Lundy, 1994; cited in Truss et al, 1997: p. 56). This model emphasizes on the varieties of stakeholders as shareholders,different group of employers, the government and the community. HR strategeis should reflect on all these groups and fuse them into the Human resource strategy and ultimately the business strategy (1). In contrast to this, Hard HRM or the matching model emphasizes the quantitative, calculative and business-strategic aspects of managing the headcounts resource in as rational a way as for any other economic factor (Storey, 1989: p. 8). This form of HRM focuses on the importance of the HR policies being closely linked to the strategic objectives of the organization, resulting in a competitive advantage (Storey and Sisson, 1993; cited in Truss et al, 1997: p. 55). In contrary this model is the process of deployment of human resources to meet business objectives. These two forms grew from roots developed within the infancy stage of HRM. The excellence movement influenced the development of soft HRM, while hard HRM was the result of strategic concern (Kamoche, 1991: p. 4). Critics of Hard and Soft Models of HRM: Ultimately, there is a conflict between elements of self-expression within the soft model, and organizational direction in the hard model. Although both versions have been taken from quite distinct intellectual traditions, they have been amalgamated into one general model that is HRM. The results from a study by Truss et al (1997) found that no single organization adopted either a pure soft or hard approach to human resource management. Though the rhetoric may be the soft version, with its foundation in communication and employee commitment, the reality of organizational goals almost always brings HRM back to the hard model (Truss, ET AL, 1997: p. 70). As a result of such inconsistency between hard and soft HRM, the credibility of HRM will continue to remain a problem (Vaughan, 1994: p. 28). In every approach, there are advantages and disadvantages. The hard approach would mean that rules, regulations and goals are clearly defined and adhered to, however, it would mean that employees will not be involved in decision-making and that may result in a decrease in motivation and commitment. The soft approach, on the other hand, although may increase motivation and commitment since employees are involved in the organization, it may prove to be chaotic if clear-cut rules and goals are not made clear as this may affect the firms profits and goals. HRM and Performance: The different roles exercised by HR managers and employees has resulted positive performance. The involvement of hrm not only increases employers skills,relation but also help in organizational performance ,productivity and growth. The given fig illustrates the relation between hr activities/roles, hrm outcomes and business performance(1). Definition: HR Manager: Human Resource manager is the person who responsible for total management of the same department optimizing the human capital to the greatest possible limit. HR manager practices HRM functions within an organization. In other words he or she is the heart of the organization who keeps the whole system alive by a list of rational activities. A good manager is the intimate friend of all employees with whom all can share business and even individual related matters that affect the performance of the organization in the short or long run. The traditional role: The traditional HR role was mainly recruitment,training and retention based where it is very much narrow and limit the potentials of both HR and employees. The repetition of the same working cycle made them unenthusiastic to a great extent but the matters concerning the employees affecting the productivity have increased the responsibility of HR.A number of study has changed the conventional roles of HR. Nowadays a HR even has to think about psychology of current employees which is the most interesting apart from influencing strategic decisions in broader perspective. High power distance: This is one of the crucial characters of traditional HR functions. In the organizational framework there were huge gaps between employees and HR. Ultimately miscommunication easily happens due to poor understanding between employees and higher officials. Low efficiency: In early days HR used to be less efficient but in coming days new sets of standards are set frequently to be an efficient HR. For example it was unimaginable to think that a manager would consider psychological aspects as well. Administrative confinement: In past days HR used to confine themselves in only administrative works but today they are more strategic and he is responsible for important decisions taken by the organization. He has to think about not only present but also future needs of the employees besides in early days there was much less motivation practice among the HR. New hr/Modern HR practices: The major contributions of HR comes from two sources: Service Delivery Facilitation roles The first one deals with recruitment and retention of staffs and confirm that they have required skills where as the second one concerns about motivation to get the best output from employees. But both these inputs can be at the operational and strategic levels depending upon business objectives. In the protection of organizational values HR has a leading role. One of the major features in new HR managers is adaptability. The role of the HR manager must match the needs of his or her shifting organization. Successful organizations are becoming more adaptable, flexible, quick to change direction, and customer-centered. Within this environment, the HR professional, who is considered necessary by line managers, is a strategic partner, an employee sponsor or advocate and a change mentor. At the same time, especially the HR, still has responsibility for employee benefits administration, often payroll, and employee paperwork, especially in the absence of any other employees .So it suggests that HR must be multi skilled. He should have strong capacity building power having other official skills. Depending on the size of the organization, the HR manager has responsibility for all of the functions that deal with the needs and activities of the organizations people including these areas of responsibility. Recruiting Hiring Training Organization development Understanding cultural diversity Work- life balance communication performance Management/Rewards and recognition Coaching Policy recommendation Salary and benefits Team building Employee relation Leadership Psycho analyst and contract By the start of twenty first century HR need to be aware of risks linked with cost cutting. The British National Health Service has long been criticized for inefficient use of resources, so large numbers of managers and administrators have been recruited to make things more efficient. Many of these new-recruits are HR people who may be perceived by health professionals as creating inefficient and costly controls at the expense of employing more health professionals. We are not suggesting that these criticisms are necessarily justified, but there are undoubtedly situations in which the criticisms are justified.( Dereck Torrington ET AL. 2006, Human resource management, Prentice Hall.) The scope of human resource planning covers not only numbers of people and skills, but also structure, culture, systems and behavior.( Dereck Torrington ET AL. 2006, Human resource management, Prentice Hall.) HR is responsible for making code of conducts or any other disciplinary issues relating to employees and organization being aware of the safety and others needs of the Employees. (With all of this in mind, in Human Resource Management Dave Ulrich, one of the best thinkers and writers in the HR field today, and a professor at the University of Michigan, recommends three additional roles for the HR manager.) HR Role: Business and Strategic Partner In todays organizations, to guarantee their viability and ability to contribute, HR managers need to think of themselves as strategic partners. In this role, the HR person contributes to the development of and the accomplishment of the organization-wide business plan and objectives. The HR business objectives are established to support the attainment of the overall strategic business plan and objectives. The tactical HR representative is deeply knowledgeable about the design of work systems in which people succeed and contribute. This strategic partnership impacts HR services such as the design of work positions; hiring; reward, recognition and strategic pay; performance development and appraisal systems; career and succession planning; and employee development. To be successful business partners, the HR staff members have to think like business people, know finance and accounting, and be accountable and responsible for cost reductions and the measurement of all HR programs and processes. Its not enough to ask for a seat in executive table.HR people will have to prove they are the business minded necessary to sit there. HR Role: Employee Mentoring As an employee sponsor or advocate, the HR manager plays an integral role in organizational success via his knowledge about and advocacy of people. This advocacy includes expertise in how to create a work environment in which people will choose to be motivated, contributing, and happy. Fostering effective methods of goal setting, communication and empowerment through responsibility, builds employee ownership of the organization. The HR professional helps establish the organizational culture and climate in which people have the competency, concern and commitment to serve customers well. In this role, the HR manager provides employee development opportunities, employee assistance programs, gain sharing and profit-sharing strategies, organization development interventions, due process approaches to problem solving and regularly scheduled communication opportunities. HR Role: Change Champion The steady assessment of the effectiveness of the organization results in the need for the HR professional to frequently champion change. Both facts about and the ability to perform successful change strategies make the HR professional exceptionally valued. The HR professional contributes to the organization by constantly assessing the effectiveness of the HR function. Knowing how to link change to the strategic needs of the organization will minimize employee dissatisfaction and resistance to change. He also sponsors change in other departments and in work practices. To promote the overall success of his organization, he champions the identification of the organizational mission, vision, values, goals and action plans. Finally, he helps determine the measures that will tell his organization how well it is succeeding in all of this. Evolution of HR function: The following fig explains the developing stage of Hr functions. Hr when introduced just include the personnel benefits of employees as payrolls,benefits,etc. With the changing environment and changing technology the hr functions get stretched and now Hr not only look about employee security and rights it practices Top level management corresponding to organizational strategy which is termed as Strategic HRM roles. Source:( http://empxtrack.com/blog/wp-content/evolution-of-hr-function.jpg) The benefits of Human Resource Management: There is correlation between the HRM strategy and the overall corporate strategy so ,the Human resource management has its significance in a planning the activities of Management and the activities of resources which involves the implementation of Human resource management in primary activities such as acquisition, development, compensation and maintenance. Where, Acquisition entails the hiring of workers most likely to help an organization achieve its goals. The development function encompasses the training of workers to perform their tasks in accordance with organization strategy. This activity also involves organization efforts to control and change employee behavior via reviews, appraisals, incentives, and discipline. Compensation covers the payment of employees for their services. Maintenance requires structuring labor relations-the interaction between a companys management and its unionized employees-and ensuring compliance with federal and state employment laws. Finally, the evaluation function includes the assessment of a companys HRM policies to determine whether they are effective. Managing the Human resource benefits the organization in a huge way, Such as : Sustaining stable workforce levels during ups and downs in output, which can reduce unnecessary employment costs and liabilities and increase employee morale that would otherwise suffer in the event of lay-offs? Preventing a high turnover rate among younger recruits. Safe Work Environments Reducing problems associated with replacing key decision makers in the event of an unexpected absence. Making it possible for financial resource managers to efficiently plan departmental budgets. Training and development activities benefit the overall organization as well as the individual as more productive. Human resource maintenance activities related to safety and health usually entail compliance with federal laws that protect employees from hazards in the workplace. Helps to simulate, analyze and experiment with proposed organizational changes and previous organizational models. It helps to attract, retain, and motivate the best people. Managing HRM find the best people and then manage and track candidates throughout the entire recruiting process. Sustaining High-Performing Employees Practices of HRM: HR has many roles to be implemented within an organization. Organization smaller or bigger atleast entertain some hr practices. The early records shows there were less practices of hr. The 1998 Workplace Employee Relations Survey(WERS98)(Cully ET all,1999) investigated 16 hr practices which resulted the practices were well observed in British workplaces, where 3 practices (formal disciplinary and grievance procedures, team briefing and performance appraisal) were widely observed. However job security ,participation in problem solving groups etc were in minority. The result showed only one out of five workplaces more than 16 hr practices. On the other hand only 2 percent of workplace didnt practice at all(Guest ET AL,2000). HRM in multinational companies are in a debate. The countrys business policy, political environment etc hinder the practices of HR. different border sets different rules and policy. For ex A us based company doesnt impinge on Canadian firms, similarly UK firm doesnt impinge on the Irish business system(1). The MNS should implement more centralized strategy which is beneficial to their employee. An adoptable employment strategy should exists regardless of institutional character of national business systems where they locate subsidiary operations. Investment in Human capital Due to globalization the world has become a small village and a new economy emerges where it necessitates investment in human capital, knowledge, commitment, enthusiasm of the employees. So the focus has shifted from physical assets to intellectual capital. The emerging new economy has several features: Consists of global work forces with increasing optimization of skills Higher speed of technology and innovation Creation of abundant business opportunities It decentralizes the power It rewards openness People becoming greatest capital. Practical case of HR roles in Finland and abroad: Finland applies a wide variety of hr practices. For ex MC Donald has been using different practices as reward through base pay. Employee holiday travel, pension,training,bonuses,etc are other roles widely practiced in Finland. For example recently an it firm in Finland was offering an programming specialist job, where they were training selected candidates for the first 9 month. This is a training based pay practices of HR functions which is vigorously applied from a simple cleaning job to an highly skilled job. Similarly Yahoo initiates performance related pay (PRP) during recession only among the 5% officials who were in top levels as well to reduce the dependency upon the lower employees and thus it cut the cost though unfortunately many had to leave the job. Nokia is also practising Hr in a wider sense. The development of human resources is a business proposition, which endeavors to delight its costumers, motivates its employees and increase the agility and flexibility of the management to address specific HR needs. Furthermore, The HR manager is challenged with the task of providing skills,cultures,atmosphere and processes necessary fore- knowledge and capabilities. Nokia beleieves in the importance of individual either its an individual,employer or an stakeholders. Critiques: The HR functions have been changing with the time. Some author argues is it really necessary for the changes in Hr function. What else matter in organizations rather than employees performance. If an employee is faithful to organization , he or she devotes fully to organization well being. However bonus or certain rewards are acceptable but does an employee really needs to be motivated by HR specialist if organization is treating well? Has the new changes benefited to the employers,stakeholders and ultimately the organizations? The answer is surely yes. Even though the organizations are practicing HR roles why the state/firm faces strikes of workers and globally increasing trade unions which interfere in employee and employer relations. There are many unanswered questions and a debate too. On the other hand many consider steps like performance related pay PRP is a capitalist approach which may breaking the unions and inter personal relationship though there is no doubt the whole tasks of HR has become more challenging with the pace of globalization. Summary: Organizations today recognize that human resource (HR) is their key asset to gain an edge over competition and achieving organizational success and effectiveness. Thus, human resource management (HRM) has now become an emerging field in the business world and a key ingredient for staying abreast of competition. Within most large organizations, HRM has taken on much the same role as Personnel Management, but with some additions, particularly in regard to business strategy. However, HRM essentially involves the policies and practices one need to carry out the human resource aspects of a management position, including recruiting, screening, training, rewarding, and appraising (Dessler, 1997; p. 2). This issue of integration with the general management is an important one for HRM. There is already some evidence to indicate that when senior management manages HR issues they are taken more seriously. A properly functioning HRM system is an invisible asset that creates value and involves the acquisition, development, reward and motivation, maintenance and departure of an organizations human capital. On the contrary, if hr managers should try to implement a strategy which is fruitful and acceptable to both top level management and employers working for it. HR managers should frequently deal with the company strategy, progress and its treatment to the workers. Hr managers should play as a driver who conquers both passengers(employee) and employers(bus) to have a smooth drive.

Grammatical Style in Lumpkin’s The Making of a Southerner :: Lumpkin Making Southerner

Effective Use of Grammatical Style in Lumpkin’s The Making of a Southerner Katharine Du Pre Lumpkin has many effective uses of grammatical style. In the first full paragraph on page 86 of The Making of a Southerner this is evidenced. She begins the sentence with an adverbial which ties this paragraph to the previous one. Lumpkin uses the quotation â€Å"’stir up the Negroes’† to cause the reader to feel like he/she is present during this time period. The quotation draws the reader into the paragraph because of its status as a first-hand account, which lends credibility to the argument being presented. Later in the first sentence Lumpkin uses a dash as a sentence interrupter. This pause places much emphasis on the phrase after the dash, causing the reader to give it more weight. Indeed, this phrase is the focus of the entire paragraph, and Lumpkin has adroitly set it apart. Following the first sentence, Lumpkin uses questions to enhance the feeling of ‘there-ness.’ In other words, Lumpkin presents the material in an argumentative fashion in order to draw the reader further into the mind-set of the white male of whom she speaks. Lumpkin uses her position as narrator to step back and give someone else a voice. She argues as though she herself were a white male in the late 1800s to early 1900s. This The quotes continue to support her argumentative style by giving examples of the names and rumors floating during this time now past. On and on Lumpkin extorts the reader to feel what it is like to be a scared white male after the Civil War. Question after question repetitively persuade the reader to vividly imagine the â€Å"drunken Negroes [. . .] burning down plantation homes† as well as the â€Å"armed recruits, former slaves [roaming] the countryside demanding of white men to get their vehicles off the road to make room for these unifo rmed freedmen† (86). The imagery skillfully hidden in the questionnaire is astounding. Then, of a sudden, a dash appears to bring the reader full circle. We are now aware again that the narrator is asserting a voice of her own with the small apposition â€Å"the rumor said so† (86). This phrase gives the reader the sense that Lumpkin now disagrees with this attitude once held by her father. It belies the view that Lumpkin is apparently trying to hide for an unbiased second-hand account of the period.

Fashion Blogging †the Impact on Sales Essay

Thus, we first investigate whether blogging activity leads to (differential) market outcomes. We then examine whether managerial communication (magazines advertising) and blogging are synergistic. We assemble a unique data set from fashion containing market outcomes (sales), new media (blogs) and traditional media (magazines advertising) for a brand of clothing, and a brand of shoes. Each category has at least one product launch during the duration of our sample periods. We specify a simultaneous equation log-linear system for market outcomes and the volume of blogs. Our results suggest that blogs are predictive of market outcomes, new and traditional media act synergistically, pre-launch magazines advertising spurs blogging activity but become less effective post-launch and that market outcomes have some effect on blogging. We find detailed support for some of these findings via a unique and novel text mining analysis. We discuss the managerial implications of our findings. I-Introduction Consumer generated media (CGM) such as blogs (a contraction of the term â€Å"Web logs†) have witnessed explosive growth in the last few years. For example, the number of blogs worldwide is estimated to be 184 millions with a readership of 346 million (March 2010). In contrast, in March 2003, the number of blogs was essentially zero. Other types of CGM have also seen similar growth patterns, e. g. , Facebook, which started in February 2004, now has about 400 million members worldwide (February 2011). There are also indications that blogs are now being seen as similar to mainstream media sites – the number of blog sites in the top 100 most popular sites (blogs and mainstream media) worldwide was twenty-two in 2008 and blogs were being viewed by consumers as â€Å"sites for news, information, gossip etc. † (2008). In 2010, four of the top ten entertainment sites were blogs (March 2010). It is clear from these statistics that there is considerable activity (multi- media posting, blogging, visits, traffic etc. ) on the part of consumers. However, an important question, from a managerial perspective, is whether this activity leads to (differential) business outcomes such as sales or profits. In addition, little is known about the relationship between traditional or old media (where the company creates content and delivers it to consumers) and consumer generated, or new, media (where consumers create content and there in an exchange of this content between other consumers and potentially, the company). That is, are there any synergies between new media and old media? In this research, we take the first step towards answering these questions. Blogging is perhaps the most established and largest form of consumer generated media at this point in time. The total worldwide viewership of blogs is estimated to be about 346 million (March 2010). Wikipedia defines as a blog as â€Å"a Web site, usually maintained by an individual with regular entries of commentary, descriptions of events, or other material such as graphics or video. Entries are commonly displayed in reverse-chronological order. Blogging is a worldwide phenomenon with the two biggest blogging markets being the United States and Japan. The number of blogs in the United States is about 23 million (about 12% of all US Internet users) and about 8 million in Japan (about 5% of all Japanese Internet users) in 2009. However, if one examines the total number of posts by language, Japanese language posts account for 37% of all posts worldwide followed closely by English language posts at 36%. Fina lly, readership of blogs in these two markets is ery high – about half of all Internet users in the US and about one-fifth of all Japanese Internet users have read a blog in the past year. While there are many informal opinions on the effectiveness of CGM in general (and blogs in particular) vis-a-vis market outcomes, there is limited empirical research that sheds light on this issue, especially for the launch of new products. The majority of the existing research has focused on online chatter (newsgroup postings, reviews and ratings) and its effect on market outcomes. There is some evidence that volume of online user ratings is positively correlated to sales. Blogging, on the other hand, has been seen as a unique type of user generated content as being a highly personal, non-directed communication tool. As Kumar (2005) note, blogs are unique for sociological reasons – they comprise a â€Å"highly dynamic, temporal community structure† that â€Å"focuses heavily on local community interactions† – and for technical reasons – blogs â€Å"offer us a ready-made view of evolution (of content) in continuous time. † In addition, blogging activity was probably the most pervasive CGM activity on the web during the time of our data. Given these unique characteristics of blogs as opposed to reviews, it is not obvious that bloggers’ activity should affect market outcomes. Surprisingly, there is very little research that has tried to quantify the effect of blogs on market outcomes, especially in the presence of traditional media and/or an examination of pre- and post-launch changes in the role of old and new media. Two recent empirical papers have focused on blogs and market outcomes. Dhar and Chang (2009) explore the relationship between music album sales (imputed via sales ranks on Amazon. om) and online chatter (as seen in blogs and on social networks). Using 108 music albums in early 2007 (before four weeks and after four weeks of their release), they find a positive correlation between both the number of blogs and Myspace member intensity with future music sales. Gruhl (2005) propose a new methodology to automatically generate a query of blog keywords to detect spikes in Amazon. com’s book sales rank. They conclude that their new algorithm could adequately predict the changes and spikes of future sales ranks. Thus, while these two studies suggest that there may be a correlation between blogging activity and market outcomes, they do not use actual sales data but only sales ranks from Amazon. com. To the best of our knowledge, the second issue that we outline above – the positive relationship between traditional media and new media – has not been investigated in the literature. Our expectation is that there will be a positive correlation between the quantity of traditional media and new media as traditional media is likely to provide discussion materials for bloggers. From a managerial perspective this issue is crucial, as managers have no direct control over CGM (blogs in our case). However, if there is indeed a synergistic relationship between traditional media, which are under managerial control, and new media, which are outside managerial control, then managers can leverage this relationship. Specifically, they can carry out â€Å"better† resource allocation and media planning (to traditional media) as they can take the spillover effect (from traditional to new media) into consideration. We examine the role of new media with respect to market outcomes as well as the relationship between new media and traditional media using data of two different clothing and shoes brand that are both promoted in fashion blogs. We consider the number of units sold, customers or subscribers (all a proxy for demand) as market outcomes, blogs as representations of consumer generated media and magazines advertising as traditional media. We specify a simultaneous equation model that links sales to advertising and blogs as well as a model that links blogs to advertising. Our results, after controlling for many temporal and cross-sectional factors, suggest that first, the volume of Blogstock (cumulative sum of past blog posts) is positively correlated with market outcomes (volume of clothing sold, and the volume of shoes sold) post launch. Second, the interaction between blogs and magazines advertising has a positive effect on market outcomes. Third, we also find that traditional media (magazines advertising) positively affects new media (the volume of blogs) pre launch. In other words, bloggers consume advertising, independent of the product, and this ncreases their blogging activity. Finally, we find that the effect of blogs varies between pre and post launch. In general, the positive relationship between magazines advertising and the volume of blogs pre-launch becomes weaker after launch. This result suggests that while magazines advertising can independently increase blogging pre-launch via the provision of information and content, post-launch (i. e. , once the product is available), consumers may rely less on traditional media, leading to a much weaker relationship between new and old media at that point. These last three sets of results shed light on the possibility that, broadly speaking, advertising and blogs act synergistically (with the relationship changing somewhat post-launch). The process explanations for our findings is not obvious. We take the first step in eliciting process explanations by carrying out a novel text mining analysis of the blog posts for the two markets (shoes and clothing) for which we have access to the textual content data. The findings from the text mining analysis suggest that blogs may affect market outcomes as they represent a rich source of product information and consumer opinion for other consumers. Also, bloggers do use advertising as a subject for blogging pre-launch but turn their attention to product attributes post-launch. II-Data Our data come from fashion market. We consider data from two brands – clothing and shoes. We first describe the market outcome data for each product market and then we describe the measurement of traditional and new media. III-Market Outcomes The daily sales of clothings were made available for the total fashion market based on a nationally representative consumer panel. The data include daily sales of two new pieces of clothing introduced in the period from January 2013 to March 2013. For shoes, the outcome variable we use is based on the same principle. We have data of two new models that were released (launched) in the period from January 2013 to March 2013. IV-Traditional Media The traditional marketing variable we use is magazines advertising. This was measured in units of daily or monthly Gross Rating Points (GRPs). There are some differences in the patterns of magazines advertising pre and post launch across the two brands. For clothing, most of the advertising is post launch. Typically, commercial ads in this market begin to air about five days pre launch and then the heavier advertising kicks in post launch. In contrast, for shoes, pre-release magazines GRPs are larger (on average) than the post-release magazines GRPs. Specifically, peak advertising for shoes was, not surprisingly, a week before its launch date in order to generate high demand at the time of the opening. V-New Media We obtain blogging data from blog 1 (www. leblogdebetty. com) for clothing data and blog 2 (www. sorayabakhtiar. com) for the shoes data. Both the brands scan and index the two blogging sites on a daily basis using keywords with coverage of about 64% of all blog articles. They then aggregate the data and provide the count of the daily number of blogs that mention a particular keyword on a specific temporal period such as day or month (multiple mentions in the same temporal unit are counted as one). As is typical for most blogs, its contents appear in a reversal chronological order and also include the blogger’s profile, â€Å"trackbacks† (links showing other websites, typically other blogs, that a blog is linked to), and comments. Buzz Research archives the contents of all blog posts. It also carries out lexical analysis of the contents of each tracked blog by using a proprietary text- mining method and classifies each blog as positive, negative and/or neutral with respect to a given keyword. We therefore have access to the actual content of all posts as well as the daily percentage of positive, negative and neutral blogs for the movies and cellular phone service markets. There is big increase in the average number of blogs per period post launch in all two brands. Interestingly, for the two brands markets where we have valence data, the biggest growth is in the percentage of neutral blogs post launch. To illustrate the relationship between marketing outcomes and both traditional and new media, we pick a product across our two brand markets. The figure suggests that magazines advertising, blog volume and shoes buyer are temporally correlated. Dividing the data temporally at the date of release we see that magazines GRPs and the number of blogs exhibit an increasing trend pre-release, but a decreasing one post-release. While we illustrate a typical data pattern through this example, the pattern is not identical for all brands across product markets. In conclusion, these data are novel in the sense that they combine marketing data for both traditional and new media along with market outcomes from a market where new media have proven to be important (at least in terms of activity). Our data are also novel in the sense that they enable us to focus on new product launches. In addition, the fact that we have data from two different brand markets (frequently purchased consumer goods) with varying characteristics (e. . , more versus fewer new product launches) will help us determine if the relationship between market outcomes and new media as well as the relationship between new media and traditional media generalizes across product markets. Finally, the availability of the actual blog post text (for two categories) opens up the possibility to conduct a deeper text-mining analysis. VI-Managerial Implicati ons So far, we have discussed the findings purely from a statistical point of view. However, it may be useful to translate these findings in a manner that uantifies the effect sizes from a managerial point of view. We therefore ran two experiments – the first to get a sense of how managers could change resource allocation and the second to see how managers could use blog data to improve sales forecasts. In the first experiment, we use the estimates from the clothing market data. To illustrate short-term effects, in the experiment, we assumed there were only three periods, two in the pre-release and one in the post-release. Recall that blogging is outside the control of managers. We therefore used the marketing instrument under managerial control in our data set – traditional magazines advertising. In the experiment, we increased the Adstock by one percent in the first pre-release period. The output we measured was the percentage increase in the size of the daily volume sold in the post-release period. A ten percent increase in the Adstock results in a 3. 3 percent increase in the number of blogs at the second pre-release period. As a result of this increase in the Adstock, we find that the net increase in the sales volume is 2. 1 percent. A decomposition of this overall increase due to traditional media versus new media suggested that the increase in the Adstock directly enhances the sales by 0. 13 percent while the interaction between blogging and advertising increases the sales by 0. 1 percent. Furthermore, the largest and most significant increase in the sales volume at post-launch is led by the indirect impact from advertising via blogging activity, which accounts for 1. 9 percent. Similar experiment for the other product markets also support these findings with the overall effect being slightly smaller for shoes (0. 4%). In addition to simulating the short-term effects of advertising, we use a simulation setting similar to the above experiments and expand the time horizon from one period to ten periods. The largest indirect effect of the ten percent increase in Adstock decays slower than do the other two effects across two product categories. The peaks of the indirect effects are located at the third period for t he clothing and at the second period for the shoes. These are resulted from the larger estimates of the carry-over constants of Adstock and Blogstock at post-launch in the blog equations. In the second experiment, we hold out the last observation from each brand and re-estimated the model. We then use the model estimates for prediction and computed the difference in the predicted value and the actual data across all the held out observations. We do this for the full model and a restricted version of the full model where the response coefficients for the number of blogs and the cumulative number of blogs were set to zero. Thus, the difference in prediction (based on the Root Mean Square Deviation) between these two models shows the extent to which the use of blog data can improve sales forecasts. The improvement in RMSD is very high for shoes, and modest for clothing. VII-Conclusion, Limitations and Directions for Future Research This paper adds to the very limited, but rapidly growing field of research into the effectiveness of new media, especially in the case of new product launches. Using a unique dataset from two product markets (a major new media market), we are able to combine into a single source, data on market outcomes, traditional media (magazines advertising) and new media (volume and content of blogs). We used a simultaneous equation model to capture the effect of new media on market outcomes and the effect of market outcomes on new media. While this in itself is somewhat novel, we were also able to include the major marketing activity (mgazines advertising) in both equations, both directly and via interactions. Thus this allows us to investigate two open questions in this domain – (a) whether new media (blogging activity in our case) leads to (differential) market outcomes and (b) whether traditional marketing actions (i. e. , magazines advertising) and new media act synergistically. We also make a first attempt, to the best of our knowledge, to use the content of the blog posts to shed â€Å"process† light on our econometric findings via a careful and methodical text mining analysis. Using data from clothing, and shoes brands, we find that patterns across the two categories showing clear linkages between traditional media, new media and market outcomes. In general, we find that cumulative blogs (Blogstock) are predictive of market outcomes, blogs and magazines advertising act synergistically, pre-launch advertising spurs blogging activity (that is predictive of marketing activity) but becomes less effective in inducing blogging activity post- launch and market outcomes also do have some effect on blogging activity. Our text mining results provide additional support for some of these findings. From a managerial point of view, in the experiment using clothing estimation results, we find that a one percent increase in the traditional marketing instrument (magazines advertising) leads to a median increase in market outcomes of 0. 2%, with a majority of the increase coming from the increase in blogging activity generated by the advertising pre-launch. Our analyses do also have a few limitations (driven mostly by the nature of the data). First, as noted earlier, the aggregate nature of our data makes it very hard to offer micro-level causal explanations of the effectiveness of new media and the synergistic relationship between new and traditional media. While our text mining analyses shed some light on our findings, it would be very beneficial to obtain datasets that link individual activity to market outcomes for a larger variety of new media. Second, our measures of new media are at present limited to blog content – volume – and in two product markets, keywords and valence. ). Third, our model could be improved with the potential use of non-parametric models to model the effects of both old and new media and the associated interactions. Finally, our data do not contain information on all marketing instruments and hence we use proxies (such as lagged sales in the case of distribution). We hope that with better data, future research will be able to address these limitations.

Practice in Correcting Errors in Subject-Verb Agreement

Practice in Correcting Errors in Subject-Verb Agreement Complete the editing exercise below after you have reviewed how to correct errors in subject-verb agreement, including tricky cases. Instructions Several (but not all) of the following sentences contain errors in subject-verb agreement. When you spot an error, correct it. If a sentence is free of errors, identify it as correct. When youre done, compare your responses with the answers below. Example Sentences Music soothe me.Billy bake brownies every Halloween.Peggy and Grace is arguing again.Elsie never takes the bus to work.The people who own that house has no insurance.One of these mechanics have a set of jumper cables.Felix and his brother is mending the wings of butterflies.Both of my essays is brilliant.The pulses emitted by a neutron star recurs at precise intervals.One of my uncles dances at the Rainbow Cafe.Phil and Jeremy has gone to the concert.Both of my daughters are professional dancers.Every one of the workers receive the same benefits.There is two gerbils in my bathroom.This box of toys belong in the attic. Answers Here are the answers below, with the corrected words in bold. Music  soothes  me.Billy  bakes  brownies every Halloween.Peggy and Grace  are  arguing again.CorrectThe people who own that house  have  no insurance.One of these mechanics  has  a set of jumper cables.Felix and his brother  are  mending the wings of butterflies.Both of my essays  are  brilliant.The pulses emitted by a neutron star  recur  at precise intervals.CorrectPhil and Jeremy  have  gone to the concert.CorrectEvery one of the workers  receives  the same benefits.There  are  two gerbils in my bathroom.This box of toys  belongs  in the attic.

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