One Hundred Years of Solitude by Marquz – Destructive Consequences of Solitude IOP

Solitude is defined as remoteness from society or the state of being remote from others. In Marquez' OHYOS, solitude is what ultimately brings the village of Macondo to its tragic end. Throughout the novel we explore the interesting theme of the various forms and reasons behind solitude and its consequences. Psychological studies show that, on the individual level, various needs are assumed to promote growth and self-actualization. For instance, John Burton's Deviance, Terrorism and War specifies eight basic human necessities: the need for others' response (and consistency thereof); stimulation; security (for instance, freedom from everyday preoccupation with death fears); recognition (through which individuals receive social confirmations that their reactions to social stimulations are relevant and approved); distributive justice (not merely a consistency in response but a response or reward deemed appropriate in terms of individuals' experiences and expectations); the need to appear rational (which follows from the need for consistency of response– rationality calls attention to the fact that there is a need for consistent behavior in others); need for meaning to be deduced from consistent response; and the need for a sense of control. From this list are various â€Å"camps† promoting the centrality of their distinctive need systems. These include, for instance, the need to belong, to bond or connect with others; the need for meaningfulness and the need for transcendence. As put by Richard Nixon, â€Å"Unless a person has a reason to live for other than himself, he will die–first mentally, then emotionally, then physically. † Studies of terminally ill individuals reveal the need for assurance that they have a legacy, that their lives made a difference, and that others are who they are because of oneself and that these others will carry one's memory with them. The mere fact that isolation is commonly known as a form of torture demonstrates that too much solitude leads to destructive consequences. These studies are relative to my topic because throughout the novel we encounter situations in which characters are driven to insanity as a result of their solitude, even if it is a self-selected decision. To quote Francis Bacon, â€Å"Whosoever is delighted with solitude is either a wild beast or god. † One is the example of Jose Arcadio Buendia, the first great solitary of the novel. He becomes so obsessed in his pursuit for truth and knowledge that he neglects his family and ultimately loses all touch with outer reality. Another is the example of Colonel Aureliano Buendia, who retreats into the solitude of his sadness and becomes incapable of expressing emotion other than sorrow and resignation. Aureliano Buendia is an interesting character because, in the novel, he first expresses his clear preference for solitude after his encounter with a girl who is forced to sleep with other men in order to pay her debt to her grandmother. Because he feels uncomfortable in society, he retreats into the comfort of his own solitude, which brings me to introduce psychologist Abraham Maslow's hierarchy of needs. The hierarchy of needs is a sequential, graduating set of needs that a person must satisfy to reach one's full potential or self-actualization. The needs are ranked bottom from top as physiological needs, safety needs, love and belonging needs, self-esteem needs, and self actualization. These needs must be satisfied in order to get to the top, but one may go backward as well as forward, which relates to the theme of time as a cycle, and the Buendia's inability to progress. Because they are unwilling to communicate outside of themselves, the Buendia family is never able to move forward but moves instead in cycles, or a downward spiral, collapsing in on itself. According to Marlow, when one is unable to achieve the needs of love and belonging, it is assumed they regress back to the stage of securing their safety needs, which is most clearly demonstrated in Aureliano Buendias case. The solitary characters are often contrasted to the antisolitary characters of the novel such as Ursula Buendias and Pilar Ternera, and other characters who combat their solitude. Ursula Buendias and Pilar Ternera both live very long lives and devote their lives to strengthening social bonds. In her younger years, Pilar Ternera comforts the Buendia men with her sex and bear many of their children. She is extremely prosperous as the madame of a nunnery, which stands for a bountiful sexuality. Many other instances in the novel indicate that sex and love is used to combat solitude, especially the notion of free love. The most obvious example for this is perhaps the cold, barren relationship of Aureliano Segundo and Fernanda del Carpio in contrast with his relationship with Petra Cotes, in which his farm animals begin to proliferate and bring him great prosperity. This instance conveys the message that sexual liberation leads to progress and prosperity. Incest is a secondary theme of solitude. Essentially, incest is the practice of keeping family members within the family, which demonstrates the Buendias' habit of isolating themselves from the rest of the community and their inability to reach out to others. The incest that occurs throughout the novel only perpetuates the Buendias' solitude, and reflects the eventual destruction of the town. From the very beginning of the novel, Ursula warns of deformity as a result of incestuous relationships, and ironically, the last of the Buendias is born with the tail of a pig, and ends the family line. The novel ends with an interesting passage, in which the narrator explains, â€Å"He had already understood that he would never leave†¦ races condemned to 100 years of solitude did not have a second opportunity on earth. † Here solitude can be seen very differently, portraying the solitude of Latin America forced upon their race by the West, who denies their access to the opportunities of the developed world, in comparison to the Buendias inability to join the moving world. â€Å"The opposite of solitude is solidarity,† says Marquez. Solidarity is defined as a union of interests, purposes or sympathies among members of a group, or a fellowship of responsibilities and interests, an obvious lacking quality in the town of Macondo. Psychological studies show that social systems have various â€Å"needs† to function successfully. There is, for instance, the social need for a collectively shared sense of order and that rules for a society's game board of life are understood and respected by all social actors. An ordered world is a predictable world and the essence of society is the predictability of its members' actions. There are the needs for solidarity between social members (including, as anthropologist Clyde Kluckhohn observed, â€Å"a set of common values that give meaning and purpose to group life†), their willingness to accept their social duties and to make personal sacrifices for the welfare of others, and their cooperation with each other. Further, if we perceive social systems to be analogous to organisms struggling to survive in potentially hostile environments, there are such individual needs as defense, coordinated action toward collective goals, and the ability to adapt to challenging new internal and external conditions. The Buendias are obviously lacking in this cooperative quality and often struggle with their meaning in life, which is reflected in the destruction of the town. In quoting HG Wells, â€Å"A downtrodden class.. will never be able to make an effective protest until it achieves solidarity. † In order for the Buendias to leave their solitude, solidarity must first be achieved. From this it can be concluded that Marquez is promoting the same message for the solitude of Latin America, having been so long controlled by the West, before they must suffer the consequences of Macondo and the Buendia family.

Dueling Computers

1. Do you think Apples comparison advertising between Mac and PC works? Why or why not? From a personal perspective, it almost seems as thought that everything that Apple does turns to gold in some sort, including their advertising campaign. This campaign better known, as â€Å"Get a Mac† appears to require thought at first glance due to the uncommon nature of comparing two objects, but is truly straightforward. Apples uncharacteristic way for comparison, I believe is the true reason for its success. This advertising ploy is somewhat comical but also gives life to two competitive computer operating systems, which in any case could be uninteresting. With this being said I absolutely think that apples comparison advertising between Mac and PC works, myself being proof. When this advertising campaign began I really did not know much about a Mac mostly due to the computers that I have owned were a PC. When I first saw this campaign the first thing that caught my eye was that PC’s were much more vulnerable to viruses as to Mac’s. Apple did a great job at showing this by simulating two actors as if they were computers. I believe this also caught the eye of the computer illiterate nation as well. These comparison commercials were easy to follow and made a very complicated product easy to understand. 2. How important do you think each of these elements of the commercial is to the campaign’s success: music, actors, dialog, setting, and tone? Although all of these elements work great in creating a successful commercial collectively in other campaigns, but I find some of them are not relevant to the success of Apple. For instance, I myself had to go to YouTube and research the elements of the commercials due to some not as appealing as other were. Music- Generally I think music is a key aspect in commercials and sets the mood for its entirety, but the music in Apple’s advertising campaign was somewhat vague and forgettable. While the music was somewhat dull it did allow for the understanding of the actors dialogue. Actors- Although these actors were not exceptionally well known as a superstar athlete or a movie star, they did appear in some other types of television. This I believe gives the television audience some sort of familiarity with the two actors. The actors did however work well together in showing the differences between the PC and Mac. Dialogue- This commercial used dialogue that a computer illiterate was able to understand. In my life experiences simple and to the point was always the best way of putting things, especially in a business type atmosphere. Setting- The setting of these commercials was a blank background. This I believe is a metaphor for the simplicity and user-friendly Apple products. Tone- The tone of the advertisement was somewhat vague but worked perfectly for Apple and its appearance. I do not think that this was a great element for this advertisement. 3. What audience that is Apple trying to reach with these ads? I believe the simplicity of these adds and Apples products are more focused toward the more technical handicapped individual, especially those of which that still use and own a PC. Their commercials look down on PC’s and give examples of why the apple product is better than others. Apple appears to keep much of their advertising extremely simple and easy to follow.

The creation, development, and use of mirrors in Northern Renaissance Essay

The creation, development, and use of mirrors in Northern Renaissance Art - Essay Example r in three paintings; Jan van Eycks Arnolfini Portrait, Hans Memlings Virgin and Child and Maarten van Niewenhove, and Petrus Christus Goldsmith in His Shop. All three paintings depict mirrors and all three use the mirror to manipulate both what the viewer sees and also the role the viewer plays within the painting. The aim of this essay, therefore, is to explore in each painting how this manipulation takes place and the purposes of the artist in undertaking such a manipulation. The reflection has long fascinated man-kind, and stories such as the terrible fate of Narcissus, hopelessly in love with his own image, proliferate in ancient literature. From the earliest Greek vases there are depictions of people holding mirrors, which would have consisted of highly polished metal or stone. However, by the time of the Renaissance, glass-working had reached the level of sophistication to allow small, glass mirrors to be produced. The production of clear glass was underway in Venice by the early fifteenth century, creating mirrors which provided a clear reflection with little distortion to the facial features. It is just such mirrors, of humble proportions due to the difficulty of blowing glass large enough to make a bigger surface area, which appear in the painting which will be considered in this essay. Jan van Eyck’s Arnolfini Portrait, depicting Giovanni di Nicolao Arnolfini and his wife, dates from 1434. It is painted in oils on an oak panel. The painting is immediately striking for the sense of realism that it creates. This is due to two factors; light and perspective. The two figures are depicted centre-left and centre-right of the painting. The faces of both figures are illuminated by the light which streams in from a window on the left of the painting. The chiaroscuro of their clothing gives a sense of depth and richness to the material, while the feet of Arnolfini and the ceiling of the room are in darkness, framing the two figures. A pair of shoes cast

Critically evaluation of the role of insurance within a wider system Essay

Critically evaluation of the role of insurance within a wider system of risk financing and management - Essay Example They may audit firms to make sure that their risk management practices are adequate to guard against risk. This paper will examine risk management, in general, along with examining risk management in the case of banks, cyber firms, and farming. Risk Management Risks must be identified, and this is the first part of the risk management process, according to Carter et al. (1994). The identification process of risks may be approached by a combination of methods, including intuitive management; using department experts; using standard questionnaires and checklists; using expert computer-based systems; using structured interviews; through brainstorming sessions; or using outside specialists/consultants. The second process is risk quantification, and this means that the impact and probability of a each risk is estimated for each risk. After that, the estimate is quantified by using a spreadsheet which estimates timescales and costs. The next process is risk prioritising and filtering,which means that the important risks are recognized and controlled, and risks are prioritized according to whether they care a Category 1 risk (cost effect only); Category 2 risk (contingency plans and costs affected); or Category 3 risk (programme contingency and cost affected). The Category three risks are the higher priority, and the risks are prioritized from there. ... Mitigating strategies include avoiding the risk altogether by removing the cause of the risk; transferring the risk, which means that the risk is passed to somebody capable of handling that particular risk; reduction of the risk, which would consist of investing in insurance or some other up-front investment; management of the risk, which means that the risk is managed continuously until it is managed out; and contingency, in which funds are produced for the risks which are of low likelihood and impact, or have not been revealed. The next step after that is risk monitoring, reporting and control, which necessitates the use of a risk register, which is carried out by the risk manager. A risk audit is the step after his, which ensures that proper procedures are being followed to manage the risk. The final step is the project completion, which means that the risk manager assesses the project after completion, and assesses the adequacy of the risk management. Interplay Between Insurance and Risk Management According to MacMinn (1987), there is an interplay between insurance and risk management. Specifically, corporations purchase insurance as one way to control their risk (Arrow, 1964). While there is the theory that purchasing insurance is sometimes inefficient for a firm, because the cost of the insurance often exceeds the expected loss, so many firms who are risk averse would not want to purchase insurance because they are interested in maximizing profits, insurance still plays a large role in risk management (Godfrey et. al, 2009). This is because, according to Godfrey et al.(2009), the markets do not always behave rationally. When a corporation does not purchase insurance, that corporation is assuming that the

Consumer behavior blogs Essay Example | Topics and Well Written Essays - 1000 words

Consumer behavior blogs - Essay Example In a perfect market structure, several things affect a buyer’s preference. Study of what buyers prefer is a field known as marketing psychology. According to this type of psychology, a buyer’s preference may be dependent on personal, social or psychological reasons (Dholakia, 2012). Production companies and businesses use two major research methods in order to determine the demand of a product from consumers. The two methods include secondary research and primary research. Secondary research is dependent on already existing information to predict the market demand for a given product or service. Primary research on the other hand depends on the producer’s personal research using questionnaires, surveys etc (Belch, 2004). In the subsequent blogs, we are going to see how psychological, personal and social factors affect a consumer’s behavior. In the previous blog, I introduced the concept of consumer behavior and the factors that affect a consumer’s preference to certain goods as opposed to others (Blog 1). In this part, I will be looking at the psychological effect on consumer preference. Before a consumer opts for a certain preference, there has to be a psychological intention attached to the item (Poiesz, 1993). The consumer internalizes on the value of the item towards satisfying their desire and decides what best suits them. An example of the latter is a consumer that likes to look elegant and classy; she is likely to buy the latest limited edition channel, Versace or Louis Vuitton products as opposed to upcoming designers. The consumer has the psychological perception that wearing a well-established designer satisfies her desire. The psychological effect on consumer behavior is largely dependent on perception. Most companies looking to sell their products realize that psychological perception is the key to capturing a large consumer base. Advertisement in the mainstream media

Feedback after reading the banking concept of education by Paulo Essay

Feedback after reading the banking concept of education by Paulo Freire - Essay Example In this regard, this paper gives a response to the article "the banking concept of education" by Paulo Freire, clearly and analytically discussing this system of education. Although it is true that students especially in the contemporary world, flourish academically as a result of their ability to master what their teachers have taught them in class, it is worthy also to note that such memory is very instrumental in many fields of study and ought to be nurtured. Generally, the system of formal education has inculcated in the schools through teachers that the students who have the exceptional ability to memorize and master harvested concepts, vocabularies, and outlines are the best academically. While this could be true to some extent, there is a significant need to be cautious in relating this to the academic potential of the concerned students, as sometimes the opposite is true. The banking concept of education is not only harmful to the education sector as a whole but also to the students who merely act as the recipients of knowledge rather than contributors to knowledge. In addition, this system of education normally turns out to be ineffective majorly due to the fact that some of the so called ‘A’ students do not normally perform well in institutions of higher learning and even in the professional world. This is because there is no direct correlation between the ability for one to memorize others’ opinions and the application of the same in real world situations. Such scenario only means that the teachers only use this method of education to assist students pass their examinations and proceed to the next level. Since there is not a single person who has the monopoly of knowledge, it is not a good idea for the teacher to pose as one by being the narrator. The students, who due to their naivety humbly submit to

Racism Essay Example | Topics and Well Written Essays - 250 words - 2

Racism - Essay Example Racial discrimination has been one of the most critical issues of the world. According to the sociologists’ view, the concept of race is a social construct. Sociologists also believe that this social construction of race exists because of various social, political, and historical processes. Adams found that race as social construction is often used to develop a domination structure in the United States (64). In the United States, there exist behavioral differences between different groups of people, such as, European White community and American White community. An understanding of the characteristics of all groups of people plays a vital role in shaping the personal experiences. Racial discrimination has also been a critical issue in the United States. In U.S., many racial/ethnic groups exist which focus on the relationships between Whites and Blacks. The government of the United States believes in the concept of equality, and provides equal opportunities to all people regardless of race, sex, and

Assessing the Cardiovascular System Assignment Example | Topics and Well Written Essays - 250 words

Assessing the Cardiovascular System - Assignment Example Losing weight might also aid in reducing medications required to regulate high blood pressure. If a person is overweight, then they should talk to their doctor concerning a healthy weight loss strategy (McArdle 45). The most appropriate manner of losing some kilos is through moving around more. This will help you burn more calories than you absorb through normal activity or exercise. Normal exercise, at least 30 minutes every day, can also aid lowering blood pressure, as well as strengthening someone’s heart. Maintaining a food diary or written record of a person’s daily food intake is the most appropriate way of knowing what to eat on a daily basis (Ross 108). Writing down the foods someone consumes, including the amount or size, can let you observe "the true facts" concerning someone’s food consumption (Lee and Nieman, 278). For a patient with an elevated blood pressure, he or she can start cutting back – decreasing portion sizes and calories -- to lose significant pounds and manage their weight, as well as blood

Dyslexia Essay Example | Topics and Well Written Essays - 3500 words

Dyslexia - Essay Example orld Federation of Neurology’: â€Å"Specific developmental dyslexia is a disorder manifested by difficulty learning to read despite conventional instruction, adequate intelligence, and adequate socio-cultural opportunity. It is dependent upon fundamental cognitive disabilities that are frequently of constitutional origin.† (Ariniello, 1999). Through this proposal it is hoped to analyze the learning disabilities of children such as reading, writing and spelling errors such as, mirror writing, back forward writing and so on. It is hoped to identify the link between these abilities (Alexander, & Slinger-Constant, 2004). That is how specific learning disabilities have an impact on other factors such as social factors, psychological factors or environmental factors and so on. Reading and learning are the two factors that decide the success of a child during his school career. Initially he learns to read. After that he reads to learn (Griffiths, & Snowling, 2002). As such reading is of paramount importance in the educational process. Unfortunately poor reading skills, and as a result poor learning skills, have become a stark reality for a disturbing number of children. The Institute for Global Education and Service Learning states that 40% of American children have difficulty reading or learning to read, and as many as three- quarters of pupils who are poor readers in third grade will remain poor readers in high school. The word "dyslexia" is frequently used to refer to the child who has an average or above average IQ and is reading 1 1/2 grades or more below grade level and whose reading problem is accompanied by the signs such as: Reversals of letters (Carrol, & Iles, 2006). That is children with dyslexia frequently confuse letters like b and d, either when reading or when writing, or they sometimes read (or write) words like "rat" for "tar," or "won" for "now." The primacy and immediacy of a priori and a posteriori implications of dyslexia among school children

Constitutional and Administrative Law (question in instructions box) Essay

Constitutional and Administrative Law (question in instructions box) - Essay Example However, in practice most of the UK’s administrations in the recent past have normally initiated parliamentary debate as a way of legitimizing military deployments abroad even if parliament is lacking express war powers. In 2006, British Prime Minister Tony Blair in reassessing his government-initiated parliamentary approval for the 2003 deployment of troops in Iraq recognized that he could not contemplate a circumstance in which an executive could single-handedly declare war, unless they are dealing with situations where the use of military would be urgently needed to restore or preserve the security of the state1. In such situations, convening parliamentary sittings, debate and approval of military deployments would be belated, hence the need to circumvent parliament. Either way, holding a parliamentary debate on pre-deployment of military forces, the schedule and any eventual resolutions are not legally compelling to the executive and the Prime Minister to act in a certain way2. The vote on the 2003 military deployments in Iraq marked a significant part in the history of exercising war powers. The Tony Blair government donated more of its war powers to Parliament by engaging the people’s representatives to approve of its military agendas3. The need to involve parliament in war declarations has been reinforced by subsequent qualms about whether the Prime Minister, as the individual charged with micromanaging the country’s security apparatus had made the right decision(s), considering the vital trade-off between national security and the potentially high costs that overseas deployments normally attract. A parliamentary approval of military deployments would cushion the executive from â€Å"extreme† parliamentary oversight that would follow such deployments, particularly when the military actions exceed the pre-planned budgets limits4. The current Coalition government has sought parliamentary

Cultural enrichment Essay Example for Free

Cultural enrichment Essay Last February 17, 2009, I went to the ISU Juried Student Exhibition which was located in the Center for Performing and Arts Gallery building. The juror of the exhibition was Mr. Ronald Leax, Halsey C. an Ives Professor of Art in Washington; University, St. Louis, MO. Most of the paintings that were being exhibited illustrate beauty and nature. I’ve noticed that most of the people that were there during the time of my visit appear uninterested with the art that was surrounding them. They barely noticed and appreciated art in its raw form because most were just busy eating and chatting. They practically didn’t understand why their teacher sent them to the gallery; I believe they just went there for the sake of the class credits that they are going to get. But they were also a few who knew what art and beauty was, they showed their appreciation by praising and scrutinizing the works in the gallery. Other people were also busy having their pictures taken beside the beautiful paintings. As for myself, I was really intrigued by the works and the masters behind those paintings. How I wished I could come up with such art pieces that to me seemed like it was done during the middle ages. It was also entertaining to watch how some paintings depicted things about religion and politics it shows that people are really concerned with the current events happening and are even able to express it through art. It was also fascinating to watch the paintings that were cross-over from realism to non-objectivism. Those kinds of paintings are the ones that entertain the naked eye without much thought provocation. Those paintings are the ones that caught my eye because it is relaxing and entertaining to look at them. At the end of the day, I just hope that more would learn to appreciate the beauty of art rather than be overly absorbed from school or from work. They should see that art is relaxing to the soul and to the mind so people who are stressed out could go to art exhibits to unwind and to refresh their souls.

Sales Management Essay Example for Free

Sales Management Essay â€Å"It is any tension which is experienced when one person perceives that one’s needs or desire are likely to be thwarted or frustrated.† Eollett simply defines Conflict as, â€Å"the appearance of difference of opinions, of interest†. Features:– 1. Conflict occurs when individuals are not able to choose among the available alternatives courses of actions. 2. Conflict between two individuals implies that they have conflicting perceptions, values and goals. 3. Conflict is a dynamic process as it indicates a series of events. Each conflict is made up of a series of interlocking conflict episodes. 4. Conflict must be perceived by the parties to it. If no one is aware of a conflict, then it is generally agreed that no conflict exists. LEVELS OF CONFLICT 1. INTRA-PERSONAL CONFLICT: Some conflicts that affect behavior in organizations involve the individual alone. It can be of three of types:  (a) Approach-approach conflict: It occurs when a person must choose between two positive and equally attractive alternatives. An example has to choose between a valued promotion in the organization or a desirable new job with another firm. (b) Avoidance-avoidance conflict: It occurs when a person must choose between two negative and equally unattractive alternatives. An example is being asked either to accept a job transfer to another town in an undesirable location or to have one’s employment with an organization terminated. (c) Approach-avoidance conflict: It occurs when a person must describe to do something that has both positive and negative consequences. An example is being offered a higher paying job whose responsibilities entail unwanted demand on one’s personal time. 2. INTER-PERSONAL CONFLICT: It occurs between two or more individuals who are in opposition to one another. It may be substantive or emotional or both. 3. INTER-GROUP CONFLICT: It occurs among members of different teams or groups. 4. INTER-ORGANIZATIONAL CONFLICT: It occurs as the competition and rivalry that characterizes firms operating in the same markets. CONFLICT PROCESS The process of conflict management has the following steps:– STAGE 1 :– POTENTIAL OPPOSITION OR INCOMPATIBILITY This stage concludes the conditions that create opportunities for conflict to arise. The conditions are as follows: 1. Communication :– Communication becomes a source of conflict due to semantic difficulties, misunderstandings, and â€Å"noise† (distortion) in the communication channels. 2. Structure :– The term structure includes variables such as size, degree of specialization, jurisdictional clarity, member-goal compatibility, leadership styles, reward systems, and the degree of dependence. 3. Personal Variables: – Personal Variables include individual value systems and personality characteristics. Certain personality types lead to potential conflict. STAGE 2 :– COGNITION AND PERSONALIZATION Antecedent conditions lead to conflict only when the parties are affected by and aware of it. Conflict is personalized when it is felt and when individuals become emotionally involved. STAGE 3 :– INTENTIONS The primary conflict-handling intentions are represented as follows:– 1.Cooperativeness :– â€Å"the degree to which one party attempts to satisfy the other party’s concern.† 2. Assertiveness: – â€Å"the degree to which one party attempts to satisfy his or her own concerns.† 3. Competing :– When one person seeks to satisfy his or her own interests, regardless of the impact on the other parties to the conflict. 4. Collaborating :– When the parties to conflict each desire to fully satisfy the concerns of all parties. 5. Avoiding: – A person may recognize that a conflict exists and want to withdraw from it or suppress it. 6. Accommodating: – When one party seeks to appease an opponent, that party is willing to be self-sacrificing. 7. Compromising: – When each party to the conflict seeks to give up something, sharing occurs, resulting in a compromised outcome. STAGE 4 :– BEHAVIOUR The behavior stage includes the statements, actions and reactions made by the conflicting parties. This conflict behavior s are usually overt attempts to implement each party’s intentions. STAGE 5 :– OUTCOMES Outcome may be functional—improving group performance or dysfunctional. Functional Outcomes are: 1. Improves the quality of decisions 2. Stimulates creativity and innovation. 3. Encourages interest. 4. Provides the medium through which problems can be solved and tensions released. Dysfunctional Outcomes are: 1. Undesirable consequences include a retarding of communications. 2. Reductions in group cohesiveness. CONFLICT MANAGEMENT APPROACHES These are two types of conflict management approaches Direct Conflict management approaches There are five approaches to direct conflict management. They are based on the relative emphasis on cooperativeness and assertiveness in the relationship between the conflicting parties. They are as follows: 1. Avoidance 2. Accommodation 3. Compromise 4. Competition 5. Collaboration Indirect Conflict management approaches It includes reduced interdependence, appeals to common goals, hierarchical referral and alterations in the use of scripts. Hierarchical referral means conflicts are reported to the senior levels to solve.

Skilled Workers Shortage in China: Causes and Effects

Skilled Workers Shortage in China: Causes and Effects In this chapter the researcher will present the theoretical foundation for this dissertation. This review aims to investigate and examine extant literature on the following research questions: Research Question 1: How great is the shortage of skilled workers in China? Research Question 2: How do such shortages in skills affect the working of multinational corporations? Research Question 3: How do multinational corporations, with the use of talent management practices and tools, retain skilled workers, including managerial and executive staff, in China? Information for this literature review has been obtained from a range of secondary sources including books, journal and magazine articles and other media publications, both in online and physical form. Talent management is a comparatively new development in HR theory and practice and much of pertinent and associated literature on the subject exists in the form of publications in various periodicals. Shortage of skilled workers in China is presently attracting a significant amount of concern and material on the subject has been sourced from different articles authored by Chinese and Western experts. The various aspects of the studied subject matter have been taken up in sequence in the interest of coherence and continuity of thought and discussion. 2.1 Shortage of Skilled Workers in China The shortage of skilled workers, whilst of recent origin, is assuming grave dimensions. The Chinese economy has been growing at an astonishing pace for the last two decades (Barbosa 2010). Such phenomenal economic growth has propelled the country from the ranks of the poorest of the poor to the position of the second largest global economy (Barbosa 2010). Having crossed Japan in the GDP rankings in August 2010, the Chinese economy is now second in size to only that of the USA (Barbosa 2010). With it being widely accepted that access to cheap and skilled labour has played a predominant role in the countryà ¢Ã¢â€š ¬Ã¢â€ž ¢s economic performance, the emerging shortages in availability of skilled workers is becoming a serious matter of concern (Powell 2009). Experts feel that the problem, whilst manageable until now, is increasing in various dimensions and can become a serious challenge to the countryà ¢Ã¢â€š ¬Ã¢â€ž ¢s economic growth in the foreseeable future (Powell 2009). à ¢Ã¢â€š ¬Ã…“Various domestic  media reports  put the labour supply gap at around a million people in Guangzhou and neighbouring cities such as Dongguan, legendary centres of Chinaà ¢Ã¢â€š ¬Ã¢â€ž ¢s export boom in the past three decades. Numerous assembly lines and construction sites are sitting idle while anxious employers have raised salaries by more than 30% but still canà ¢Ã¢â€š ¬Ã¢â€ž ¢t attract enough applicantsà ¢Ã¢â€š ¬?. (Hong, S. 2010) The current shortage of skilled workers in China is due to the emergence and interplay of a range of factors (Trading Economic 2010). It is in the first place indisputable that sharply accelerating economic growth in China has created enormous demand for skilled workers (Trading Economic 2010). The Chinese economy has grown in size from an annual GDP of 990 billion USD in 2000 to 4900 billion USD in 2010 (Trading Economic 2010). The last decade has seen the entry of numerous multinationals in the country and the establishment of thousands of local and foreign owned production units (Blanchard 2007). Such production units are now being established in different geographical areas making it easier for workers to obtain gainful employment near their houses (Blanchard 2007). The Chinese government has also in recent years embarked upon developing the economic and physical infrastructure of numerous inland and hitherto neglected provinces (AsiaNews.It. 2006). Airports, roads and housing in upcountry regions are receiving strong investments (AsiaNews.It 2006). Such investments are creating thousands of jobs across the country and reducing migration of workers to zones with strong manufacturing activities (AsiaNews.It 2006). Experts also feel that low wages in the manufacturing sector, along with long working hours and difficult working and living conditions are forcing many workers to give up their jobs in manufacturing units and return to work on their farms (Rein 2010). The Chinese governmentà ¢Ã¢â€š ¬Ã¢â€ž ¢s decision to reduce taxes on agriculture has also helped in reinforcing such attitudes (Rein 2010). The Chinese government has constantly placed emphasis upon development of agriculture and providing of adequate food supplies for the rural population, who constitute 727 million people (Rein 2010). A continuous supply of positive policies, like the elimination of onerous taxes and powerful market intercession, have enhanced rural incomes and made farming rewarding in comparison to skilled jobs in some manufacturing organisations (Rein 2010). China implemented its one child policy in 1979. This has resulted in the development of an ageing population (Hong, S. 2010). The median age of the country, at 33 years, is closer to that of the USA, the UK and the countries of Western Europe, rather than to its southern neighbour India, which has a median age of 26 and whose economy is also growing rapidly and with a swiftness that is second only to that of China (Hong, S. 2010). The ageing population is leading to lesser numbers of people joining the workforce every year and consequentially to restrictions on the availability of skilled workers (Hong, S. 2010). The impact of an ageing population is being felt intensely in manufacturing centres like Shanghai, where people above 60 are expected to constitute practically 30 percent of the total population in another 10 years time (Hong, S. 2010). The numbers of people in the 15-19 age groups in the country have reduced by approximately 17 percent, from 124 million in 2005 to around 10 3 million today (Hong, S. 2010). Academic policies in China have in recent years paid greater attention to academic performance and have neglected imparting of high level vocational training and skills training to people (AsiaNews.It 2006). Many universities have failed to understand market demands and mechanisms in the designing of their courses (AsiaNews.It 2006). Only 200 of the 20,000 vocational schools in the country are aiming to produce skilled workers and technicians with good skills (AsiaNews.It 2006). Such circumstances have added to the reduced availability of skilled workers in the manufacturing sector (AsiaNews.It 2006). Rein (2010) states that the younger Chinese unwilling to work any longer in factories. They are much too buoyant about their work prospects and perceive no compulsion to work for comparatively low wages at long distances from their families (AsiaNews.It 2006). The increase in the number of college and university graduates from just about a million in 2000 to 6 million in 2010 has reduce d the pool for potential skilled workers (AsiaNews.It 2006). Even workers with low skills prefer to stay nearer home in interior provinces like Sichuan and Hunan, rather than relocating to manufacturing centres like Guangdong to work for remuneration that is being increasingly perceived to be insufficient (AsiaNews.It 2006). The shortage of skilled workers is being felt intensely in the export regions of the country like the Pearl River Delta as also the Yangtze River Delta. à ¢Ã¢â€š ¬Ã…“It was officially reported that the city of Shenzhen, on the Hong Kong border, alone faced a labour shortage of about 300,000 workers this year. In Guangdong province, the government said factories were short more than 500,000 workers; and in Fujian province, there was a shortage of 300,000à ¢Ã¢â€š ¬?. (AsiaNews.It 2006) Surveys, conducted a few years ago, revealed that technicians constituted only 4% of the total numbers of skilled workers, even as organisations needed at least 14% technicians in their labour force (Peoples Daily 2004). Personnel who are most in demand include skilled workers, technicians and marketing staff. Such shortages appear to be greater in case of enterprises where skilled workers were not trained adequately (Peoples Daily 2004). Business organisations are also finding it difficult to attract and retain employees in different administrative and managerial positions (Peoples Daily 2004). It is ironical that the country that is widely considered to be the largest reservoir of cheap and skilled workers is now actually hard pressed to find and retain skilled workers as well as supervisors and managers at different levels for its own needs (Peoples Daily 2004). 2.2 Impact of Shortage of Skilled Workers and Managerial Employees on the Working of MNCs in China. Shortage of skilled employees is affecting the working of all business firms, MNCs as well as locally owned establishments, across China (Roberts 2006). Such shortages are in the first case leading to progressively higher levels of attrition and employee turnover in business firms (Roberts 2006). The most important challenge in contemporary Chinese business enterprises concerns attracting, finding and retaining skilled workers (Roberts 2006). The Institute of Contemporary Observation, a research organisation based in Shenzhen, states that employee turnover in low technology industries is nearing an unprecedented 50% (Roberts 2006). There are 2.5 million jobs in the province of Guangdong that are yet to be filled, even as the provinces of Shandong, Jiangsu and Zhejiang are also facing considerable shortages of skilled labour (Roberts 2006). Such shortages are affecting the production of numerous organisations, adversely impacting expansion plans, and restricting organisational growth (Roberts 2006). à ¢Ã¢â€š ¬Ã…“It was officially reported that the city of Shenzhen, on the Hong Kong border, alone faced a labour shortage of about 300,000 workers this year. In Guangdong province, the government said factories were short more than 500,000 workers; and in Fujian province, there was a shortage of 300,000.à ¢Ã¢â€š ¬? (AsiaNews.It 2006) Numerous MNCs have increased their investments in Chinese production centres and built up large capacities (Lane Pollner 2008). The unavailability of the required numbers of skilled workers is leading to underutilisation of capacity, idle machinery, higher finance costs, and poor productivity and profitability (Lane Pollner 2008). Shortages in required numbers of skilled workers are also leading to significant increases in job hopping and in the movement of employees between organisations for the sake of achievement of small salary differentials (Roberts 2006). MNCs and local companies are à ¢Ã¢â€š ¬Ã…“stealingà ¢Ã¢â€š ¬? skilled workers from each other, by offering the target worker a lucrative opportunity such as a better compensation or better benefits. The à ¢Ã¢â€š ¬Ã…“talentà ¢Ã¢â€š ¬? war has led to rapid wage inflation. . MNCs have been increasing salaries to keep existing employees (Downing, Rouleau, and Stuber 2008). Whilst labour intensive industries are facing increasingly severe problems, substantial increases in numbers of employee departures are affecting all low tech and high tech organisations (Roberts 2006). à ¢Ã¢â€š ¬Ã…“Emerson General Manager David Warth says its all he can do to keep his 800 employees from jumping ship to Samsung, Siemens, Nokia, and other multinationals that are now operating in the tech manufacturing hubà ¢Ã¢â€š ¬?. (Roberts, 2006) Increases in employee turnovers and shortages in supply of skilled workers, as well as employees for higher level and managerial jobs, is leading to sharp increases in employee costs. AS Salop and Salop (1976) indicate that labour turnover is costly for all firms. In the event of a sudden employee departure, the firm suffers two types of cost: direct and indirect cost. Direct cost includes leaving costs, replacement costs such as advertising, interviewing and selection costs and transitions costs, and indirect costs refer to the loss of production, reduced performance levels, unnecessary overtime and low morale (Schlesinger and Heskett, 1991). à ¢Ã¢â€š ¬Ã…“Companies across the board are feeling the squeeze. Last year turnover at multinationals in China averaged 14 percent, up from 11.3 percent in 2004 and 8.3 percent in 2001 (AsiaNews.It 2006). Salaries jumped by 8.4 percent, according to human resources consultant Hewitt Associates LLCà ¢Ã¢â€š ¬?. (AsiaNews.It 2006) Minimum wages in China are going up steadily and are currently many times that of Bangladesh, a neighbouring low cost producer (AsiaNews.It 2006). Many organisations are perforce improving the working and living conditions of their employees and the quality of food served in their cafeterias, with result increases in total costs expended on labour (AsiaNews.It 2006 ). Such increases in labour cost have multiple implications (Roberts 2006). At one level companies are seriously thinking of putting up new establishments in interior regions where wages are lower, or even of shifting their operations to lower wage countries like Indonesia or Vietnam (Roberts 2006). Organisations that have already made substantial investments in regions that are now facing labour shortages are experiencing strong pressures on costs and margins (Roberts 2006). Such pressures are leading either to problems with organisational viability or are manifesting themselves in higher product prices and consequent pressure on competitiveness (Roberts 2006).The American Chamber of Commerce recently reported that increasing costs of labour have reduced the margins of practically 48 percent of US organisations that operate in China (Roberts 2006). Teresa Woodland, the author of the report states that China could well run the risk of using its cost advantage (Roberts 2006). The shortage in availability of skilled people goes beyond the workforce and extends too many other organisational areas (Roberts 2006). Mckinsey and company estimate that just about 10 percent of job candidates in areas like engineering, accounting and finance have skills that are necessarily required by foreign organisations (Roberts 2006). Whilst 75,000 jobs for managers are expected to arise in the country during the next five years, the country currently has lesser than 5,000 managers with the required skills (Roberts 2006). Observers believe that the impact of shortage of skilled people on the economic growth and performance of companies and the nation as a whole is likely to be far more powerful than other constraints like material or power. 2.3 Talent Management and its Application in China Multinational corporations in China can benefit in areas concerning employee turnover and improvement of employee retention through the application of contemporary talent management techniques and tools. Organisational managements have over the years constantly tried to develop and adapt in response to workplace changes, right from the days of the industrial revolution and the emergence of labour unions to the demands of automated production, globalisation and outsourcing (Schuler, et al, 2010). Contemporary years are witnessing a global HR movement for attracting and retaining talent (Schuler, et al, 2010). Whilst organisations have in many ways been trying to attract and retain skilled and productive employees for ages, formal talent management processes have emerged only recently (Schuler, et al, 2010). Whilst such practices are now being implemented rigorously by progressive business organisations in the developed economies, they have become extremely relevant in the Chinese envi ronment where an abundance of people is ironically accompanied by shortages in availability of skilled workers and other managerial personnel (Schuler, et al, 2010). 2.3.1 The importance of talent management Talent management represents the systematic use of appropriate HR strategies, policies and practices for management of the talent challenges faced by business organisations (Lane Pollner 2008). Such policies and practices in the Chinese context include attraction of the most appropriate talent, careful selection, training and development, fair and sympathetic evaluation and assessment, high quality training and development and alignment of personnel and business objectives (Lane Pollner 2008). The importance of adopting strong talent management practices for retaining talent assumes great importance in the existing and predicted scenario (Lane Pollner 2008). Research conducted by the Kenexa Research Institute, conducted in 2007 in six countries, including China reveals that à ¢Ã¢â€š ¬Ã…“policies such as career path programmes, goal development and monitoring, regular feedback sessions with managers, tracking progress have a demonstrable effect on employee execution and motivati onà ¢Ã¢â€š ¬? (Talent Management 2008). The report confirms that employees of organisations that focus on talent management are more engaged with their functions and more content with their jobs and organisations (Talent Management 2008) 2.3.2 Vroomà ¢Ã¢â€š ¬Ã¢â€ž ¢s VIE expectancy theory Vroomà ¢Ã¢â€š ¬Ã¢â€ž ¢s VIE (Valence, Instrumentality and Expectancy) theory of expectancy states that individuals tend to act in specific ways with the expectation that specific acts will lead to particular outcomes, and in line with the attractiveness of such outcomes (Citeman.com 2010). The theory, whilst appearing to be complex, is actually simple and necessitates the comprehension of three relationships, namely (a) the perceived probability by individuals that the making of specific efforts will lead to performance, (b) the extent to which individuals believe that performing at specific levels will result in achievement of specific outcomes and (c) the importance placed by individuals on possible rewards that can be obtained in job execution (Citeman.com 2010). The intensity of individual motivation to make efforts depends on the intensity with which individuals believe that they can achieve what they are attempting, whether they will be adequately rewarded by their organisations, and whether such rewards will meet their individual objectives (Pitt 2001). The application of the expectancy theory needs the careful consideration of four relevant steps (Pitt 2001). Organisations must firstly assess the perceived outcomes offered by specific jobs to employees (Pitt 2001). These may be (a) positive like income, benefits, stability and security, comradeship, congenial relationships trust, employee benefits, and opportunities to use skills, or (b) negative like weariness, monotony, annoyance, apprehension, inconsiderate management or danger of dismissal (Pitt 2001). Employee perceptions, regardless of actual reality become relevant in such scenarios (Pitt 2001). Organisations must try to assess the attraction to employees of such outcomes and whet her employees perceive outcomes with positivity or negativity (Pitt 2001). Individuals who find specific outcomes attractive and view them positively would like to achieve them (Pitt 2001). Managements also need to determine the type of behaviour required of employees to achieve positive outcomes and employees need to clearly and explicitly know what they must do to achieve them (Pitt 2001). It is finally also important to know how employees view their chances of satisfying what is asked of them (Pitt 2001). HR experts feel that appropriate applications of the expectancy theory through the linkage of efforts with performance and rewards can make employees developed a liking for their jobs and consequentially reduce employee attrition and employee turnover (Pitt 2001). Whilst the expectancy theory certainly has its logical strengths, talent management is a far broader area and retention of talent in skilled jobs in China poses specific challenges like (a) the need for skilled workers to work far away from their farms and homesteads, (b) difficult working and living conditions, (c) inadequate monetary benefits and (d) the emergence of various alternative areas of occupation and work with more attractive attributes with regard to location, remuneration and job content (Changing Minds.org 2010). 2.3.3 Impact on skilled workers The Kenexa (2007) report on organisations in countries including China states that organisations with progressive talent management cultures have workers with greater pride in their organisations who moreover recommend their organisations to others as good places to work for (Talent Management 2008). Employees with positive perceptions of the talent management practices of their organisations are likely to be confident of the prospects of their organisations (Talent Management 2008). The research revealed that employees who believed in the talent management policies of their firms tended to have more positive perceptions of their managements (Talent Management 2008). Such employees believed that their managers were capable of effectively managing workloads and that their senior managers felt that employees were critical to organisational success and growth (Talent Management 2008). Employees of such companies were likely to experience greater sense of job stability and security, be h appy with company training, feel that their performance is fairly assessed and harbour greater feelings of individual achievement (Talent Management 2008). MNCs in China are working towards retaining talent through the adoption of a range of initiatives (Roberts 2006). Many companies are locating their manufacturing units in interior regions in densely populated areas in order to tap larger workforce pools (Roberts 2006). à ¢Ã¢â€š ¬Ã…“General Motors, Honda, Motorola, and Intel, for instance, have all shifted some manufacturing or research to inland locations in recent years, both to tap lower costs and to open up new markets.à ¢Ã¢â€š ¬? (Roberts 2006) Salaries and rewards are being increased significantly across the line in order to retain talent and reduce job hopping (Roberts 2006). Many organisations are taking pains to ensure better living conditions, better cafeteria food and more attractive career paths for their employees (Roberts 2006). Foxconn, the maker of Apple iPhones in China is experiencing severe criticism for its treatment of its workforce (Rein 2010). It is evident that such organisations will have to make significa nt investments in HR policies and practices if they are to attract and retain skilled employees (Rein 2010). The Chinese government is also taking initiatives to improve the content of vocational and technical courses and build a stronger workforce base of skilled workers. It is however very evident that the Chinese economy and the various business organisations, both MNC and local, are facing significant challenges with regard to availability of skilled workers and competent managerial employees. Such trends are also expected to intensify in future. 2.4 Talent Retention tools Vaiman and Vance (2008) suggest that motivational force can be achieved by extrinsically through monetary incentives or intrinsically through non-monetary incentives. 2.4.1 Monetary rewards and non monetary rewards Monetary rewards include all types of compensation and benefits (CB) packages such as salary, performance related payment, deferred compensation plans, social and commercial benefits and etc (Tian 2007). Monetary rewards can satisfy employeesà ¢Ã¢â€š ¬Ã¢â€ž ¢ physiological needs and it is an effective tool to retaining talent (Vaiman and Vance 2008). Maslowà ¢Ã¢â€š ¬Ã¢â€ž ¢s Hierarchy of Needs, suggests the physiological needs have to be satisfied before dealing with the higher order needs. This may be the reason why money is still the best reward for the majority of people. In contrast, non-monetary reward is another essential tool for retaining employees. It can be use to satisfy employeesà ¢Ã¢â€š ¬Ã¢â€ž ¢ higher other of needs such as the needs for achievement, affiliation and power (McMlelland 1987). Non-monetary rewards include: training and career development, employer branding, ect. (Tian 2007). The researcher will consider these retention tools in the Chinese environment below.. 2.4.2 Extrinsic motivation According to a recent survey conducted by Waston Wyatt in China, the number one reason for Chinese talented and skilled workers to leave their current job is to find a better-paid job (Leininger 2004). Therefore, it is extremely important for MNCs to offer a competitive compensation and benefits package, in order to retain the Chinese skilled worker. The following components are normally included in the packages that MNCs offer to local employees, and therefore they are discussed here in detail. 2.4.2.1 Salary Salary is the fixed amount of money pay to an employee for work performed and is the largest component in a CB package. Due to the weak social security in China, Chinese employees tend to place more value on money than Western employee (Jones 1997). Therefore, MNCs need to consider a number of factors when they design the salary level for Chinese employees. For example, the cost of living and level of economic development vary significantly from city to city, so the salary for equivalent positions may vary as well. Leininger (2004) points out that first-tier cities such as Beijing and Shanghai enjoy the highest salary level, followed by second- and third-tier cities. Moreover, the salary level has been increasing at a dramatic rate in China. Since the rapid economic growth, the annual salary growth rate has been risen up to 8 percent in recent years, and the trend is expected to continue in future (Tian 2007). As a result, it is necessary for MNCs to have a general idea about local compensation level and salary growth rate before designing their own competitive packages. 2.4.2.2 Performance related payment Performance related payment (i.e. bonus) is the portion of a CB package that is related to performance. It is very popular and accepted by many MNCs in China. Many MNCs believe that performance related payment is an effective tool to given an incentive for compensation to meet certain goals such as completion of a specified sales target. In addition, it is able to encourage local employees to be more creative such as: propose a new idea to increase efficiency in the work place ,or improve the quality of the output, etc (Melvin 2001). To an extent, performance related payment helps to attract local employees and keep them help in the company. 2.4.2.3 Deferred compensation plans- Deferred compensation plans are also called à ¢Ã¢â€š ¬Ã‹Å"golden handcuffsà ¢Ã¢â€š ¬Ã¢â€ž ¢. They are popular with MNCs in China, and are offered in the form of a contract-related gratuity. For example, If the Chinese employee stays with the company for a contractually specified length of time ( i.e. 2 years), at the end of his/her contract he or she would be given an extra years salary as a reward. Deferred compensation plans are useful in retaining Chinese employees because it provides a financial incentive for talented Chinese employees to remain in the company. Recently, MNCs have begun offering a new version of à ¢Ã¢â€š ¬Ã‹Å"golden handcuffsà ¢Ã¢â€š ¬Ã¢â€ž ¢ to young talented Chinese employees who would like to get a degree at an overseas university. They offer a full scholarship for these employees and in exchange, the employees have to work for the company for specified length of time after completing their degree (Tian 2007). 2.4.2.4 Social and commercial benefits. Social benefits are mandatory in China they refer to contributions to government-run social insurance schemes, which cover pensions, medical care, unemployment, work injury, child birth and housing, etc. The benefits are borne by both employer and employee. 30 and 40 percent of payroll is paid to the State, of which around 50% is paid by employers. In recent years, Chinese employees are increasingly aware of the importance of social benefits, due to rising costs of housing and medicare in China. , Some MNCs are even willing to pay benefits of more than regulated ratios to retain their employees. By contrast, commercial benefits refer to the benefits offered by an employer to an employee on a commercial basis. Many MNCs in China provide numerous commercial benefits for their employees such as offering loans at below-market interest rates, monetary assistance with single child family or even payment of wedding. Both social and commercial benefits are reported as useful to inducement to employees to remain in the company (Tian 2007). 2.4.3 Intrinsic motivation However, monetary rewards are not everything employee wants. Once compensation reaches a certain level, employees are likely to look for higher order of needs such as career development opportunities ( Maslow 1954; McClelland1987). According to the DDI survey in China 2007, the result shows that the top two reasons for Chinese employee turnover were lack of growth and development opportunities with the current company with 53% of the respondents agreed and better career opportunities elsewhere with 42% of the respondents agreed. The result reflects that Chinese employees have high expectations for rapid advancement (Howard, Liu, Wellins and Williams 2007). Therefore, it is necessary to consider these non-monetary factors that can motivate and retain employees. As Jones (1997) points out that it is very important to understand Chinese employeesà ¢Ã¢â€š ¬Ã¢â€ž ¢ expectations. For most Chinese employees, especially those top performers joining a MNC not only for a high CB package but also for the opportunity to receive advanced training and learn western business methods. Those top performers are clearly aware of the skill gap between them and their Western counterparts, so they are eager to improve their own knowledge and skills. Additionally, providing training and career opportunities to employees can improve employeesà ¢Ã¢â€š ¬Ã¢â€ž ¢ commitment to the company. As Leininger (2004) stated that the heart of retention is long term employee commitment. He divided employees into two different groups. They are à ¢Ã¢â€š ¬Ã…“satisfiedà ¢Ã¢â€š ¬? and à ¢Ã¢â€š ¬Ã…“committedà ¢Ã¢â€š ¬? employees. The satisfiedà ¢Ã¢â€š ¬? employees can easily be retained by satisfying their monetary incentives while the à ¢Ã¢â€š ¬Ã…“committedà ¢Ã¢â€š ¬ ? employees tend to stay longer with companies even without monetary incentive. A global research conducted by Waston Wyatt shows that committed employees are more productive and efficient than those whose employees showed low commitment (Leininger 2004). Therefore, it is important that MNCs recognize the importance of training and development opportunities to their Chinese employees and demonstrate a commitment to training, development and career path development for them. Besides, organizational factors can also influence talent retention such as corporate culture, communication, leadership behavior are able to satisfy employeesà ¢Ã¢â€š ¬Ã¢â€ž ¢ needs for affiliation (Chew 2004). In the Chinese case, the leadership behavior is one of the most important motivation and retention drivers for Chinese employees. For many MNCs, the meaning of a à ¢Ã¢â€š ¬Ã…“good leaderà ¢Ã¢â€š ¬? for Chinese people can be far more complicated than what they have seen in their home countries. Leadership in China has specific connotations. According to the research conducted by Craig Pepples, to achieve success in Chinese environment, foreign leader need a strong leadership style to build a team. Chinese employees respect those leaders who have a strong leadership style. They expect leaders always able to give them instruction to follow. Moreover, Pepples also insists that to be an effective leader, foreigners need to create a culture of teamwork, showing their personal commitment to the employees and care for each individual (Jones 1997). Therefore, Chinese employees are most likely to want to stay and work for an organization if they have a good manager or boss, who recognized individual contribution, and had great company leaderships (Howard, Liu, Wellins and Williams 2007). These studies above are just a few examples of tools regarding talent retention in the Chinese context. When these retention tools are applied to Chinese employees, MNCs have to rank all the tools in order of importance, and then focus on several areas for motivation and retention talent (Vaiman and Vance, 2008). 2.5 Talent development in the Chinese cont Fear: Types, Causes and Effects Fear: Types, Causes and Effects Bradley Varney McLea How Fear Allows Us to Better Know Ourselves It is difficult to know how one would respond in a moment of fear or terror. People tend to give themselves the benefit of the doubt in situations like these. Fear is one of the most powerful emotions for all living creatures and the most extensively studied emotion (LeDoux, 2014). Autonomic responses are involuntary actions that take place inside our nervous system. Fear is an autonomic response that can only be triggered by outside stimuli. You cannot make yourself feel fear, but it is something that we more passively experience. In order to better understand ourselves and our basic nature, fear should be studied being one of our most primitive emotions. By looking at the origins of fear, the main categories of fear, the characteristics of fear, and the natural responses to fear I believe we can better understand the concept of fear what it means for us. Do We Know the Origin of Fear? To more fully understand fear it is important to understand its roots. Since the beginning of time, fear has been essential in the survival of the human race and the survival of many different species. Ãâ€"hman, Carlsson, Lundqvist, and Ingvar (2007) found the following, Fear denotes an emotion that has been primarily shaped in evolutionary arms races between predators and prey. Improved predator hunting skills have prompted more efficient defense manoeuvres by preys, which have put a pressure on further skill development in the predator, and so on. Thus, the function of fear is to motivate organisms to cope with threats that have jeopardized survival throughout evolution. This quotation explains just how the â€Å"game† is evolving; the prey is getting smarter and so the predator must do the same or starve. If the rabbits learn that a fox lurks around the woods at night, then the rabbits might start to only go into the woods during the day. The rabbits will start to learn the habits of the fox that way they can maneuver their way around and survive. This is how the game is evolving; the fox must now learn that the rabbits are getting smarter and so it must make changes if it wants to eat. The rabbits fear getting eaten and dying while the foxes fear starvation and dying, fear drives their motivation. Another example is of deer, when a deer is spotted in the woods, will it lift its head up and stare at strangers because it is friendly or because it is afraid? If a human approaches the deer too closely, it will turn and run. Will a fawn do the same, maybe not to the exact extent of a deer but yes. Some claim that many creatures, including humans, are born with an innate sense of fear. Is fear learned or is it part of our essence since birth? A toddler is not born afraid of fire; he will approach the flames without caution. Once the toddler touches the flame and is burned, he will cry and feel pain. Those flames will forever be associated with the pain he felt in that instant. According to McGuire et al. (2013), learning about and remembering fearful experiences are critical to survival. No one enjoys feeling pain and so they will avoid it, even a toddler knows to avoid and fear pain. It is not safe to say that fear is solely felt due to experience. Why will the baby cry in the arms of a stranger, but not in the arms of his mother? Does the baby feel afraid? I believe that the baby does feel fear in these instances, while the level of fear is not known. According to Trost, France, Vervoort, Lange, and Goubert (2014), people can be conditioned by observation alone. Due to priming, a sample group of people believed that they c ould get hurt doing day to day activities. This sample group highly associated fear with pain. These people were so afraid to experience the pain that they were seeing during the priming that they refused to participate in many normal day activities. Living creatures can also be conditioned to fear certain things. An example of this could be a dog that fears the sight of a spatula because he knows that spatula means getting spanked. When I was young my parents would make loud sounds with a belt in order to spark fear in myself and my siblings. We began to fear the belt, especially if the belt ever accompanied us getting spanked. These forms of conditioning are used to put fear into the heart of someone or something else. There is no one that is completely immune to fear, it is something that is inescapable. What Are the Two Main Categories of Fear? Fear is divided into two major categories; these two categories include irrational and rational fear. Irrational fears are not â€Å"ridiculous fears†, but they are fears that one has that do not pose an immediate danger to one’s life. Phobias are an example of irrational fears. Often people think that irrational fears would consist of fears that are extremely uncommon or strange, but in reality if one were asked what fears he has then almost all named would be considered irrational. According to Quandt et al. (2013), women with diabetes are terrified of leg amputation. Since they are so afraid of leg amputation, many of them will not walk around their house without their shoes on in case there is a nail poking upward. The likelihood of stepping on a nail inside your own house is slim to none, which means that the idea of wearing shoes to protect their feet is due to an irrational fear. Arachnophobia and claustrophobia are fairly common phobias, or irrational fears. Most people will say that they have some sort of phobia/something they are afraid of. Recently, a woman c laimed to be afraid of sharks. Yes, there are many sharks in the ocean, but the likelihood of a shark attack is very slim. In Hawaii, more people die from falling coconuts than from shark attacks. Irrational fears can be potentially dangerous, but are usually misjudged or magnified. A shark attack is very dangerous, but a lot of times the likelihood of occurrence is amped up significantly inside our minds. While watching horror films, people experience irrational fear since they are not actually in any form of danger. Rational fears are opposite of irrational fears and are composed of immediate threats. If a gun is brought to school one day by a fellow classmate, students will experience rational fear. If the crime rate is high, then a fear of crime can be a rational fear (Chadee Ying, 2013). Threats that can cause injury, death, and ruin reputation are rational fears and have a much higher probability of occurring than do irrational fears. If someone is afraid of heights and decides to go skydiving, that is also an irrational fear. While it may be dangerous to jump out of a plane, you are still strapped in and safely falling down with a skilled instructor. Do these fear categories ever overlap? Definitely, they do. This overlapping happens when the probability of danger increases. If Bob is afraid of heights, but decides to skydive, his irrational fear can become rational once one or two of his parachutes decide to not function correctly. The Characteristics of Fear Allow Us to Detect What does fear look like? Is it described by screaming or by â€Å"goose bumps†? Characteristics of fear will vary from person to person and also with each different situation. Some physical characteristics of fear involve a rapid heart rate, quick breathing, elevated adrenaline levels, perspiration, and the tensing of muscles. Depending on the severity of the degree of fear, one can also enter into a state of temporary paralysis which will prohibit the person from being able to scream, make sound, and sometimes even move. If a bunch of college kids decide to go into a cemetery late at night, the ones who are afraid are all experiencing similar or the same physical symptoms of fear. The physical characteristics of fear are generally the same for everyone, but the emotional characteristics will vary from individual to individual. Most people have negative feelings towards fear, but others enjoy it. â€Å"Adrenaline junkies† will search for opportunities to feel fear beca use they like the way it allows them to feel. To people like them, fear is desirable and that is its characteristic for them. Fear is not an emotion that can easily be masked or denied due to the obviousness of these characteristics. When people experience negative feelings due to fear, you will see it on their faces. The same works vice versa when positive feelings are felt. Without someone saying that they are afraid, it is stillvery possible to diagnose their symptoms without any words being exchanged. How We Respond to Fear Grants Understanding Fear is the strongest of all the autonomic emotional responses. Since fear is completely an autonomic response; it cannot be consciously triggered. It is so fascinating that our consciousness cannot decide nor tell our unconscious how to think or behave. Of course, there are many factors that help define the human being but how often does one get to tap into the unconscious and learn about our basic nature? To truly understand who we are, we must tap into the conscious and the unconscious parts of our own minds. The two categories of fear responses There are two different categories of fear responses: biochemical responses and emotional responses. Biochemical responses are quite possibly an evolutionary development, which allows us learn more about our nature. The major biochemical response is the fight-or-flight response. The fight-or-flight response is when the body will prepare itself to either stand its ground or run away. This response has been crucial to the survival of many species. When a threat is perceived, hormones are released throughout the body granting humans enhanced ability for survival. With these hormones circulating throughout our bodies, we become quicker, have increased strength, and can see more clearly through dilated pupils. Can we know if we would fight or if we would flee? The only way to truly know is to experience it. In non-human primates, the fight-or-flight response has been observed time and time again. Some researchers have concluded that the term should be reversed to flight-or-fight. The reas oning behind this reversal is that when a non-human primate first perceives a threat, then it enters into a â€Å"frozen† state followed by an attempt to run away. If the primate cannot flee and it feels it must fight, then it will fight (Bracha, Ralston, Matsukawa, Williams, Bracha, 2004). The second category of fear responses is the emotional response. This is generally a negative or a positive feeling. When negative feelings are associated with fear, then the individual will try to avoid the stimuli that are creating fear at all costs; this is how phobias are born. When positive feelings are received as a response to fear, â€Å"adrenaline junkies† are born, and these people will actively seek activities that invoke fear. These people are not without fear, but they embrace fear itself and turn it into a natural high. By attempting to understand the concept of fear we understand parts of our self. We are searching through the enigmas of the unconsciousness so that when we feel afraid, we can realize and better understand who we are. In the future, more research should be done on the emotional response of fear. Researchers should study the â€Å"adrenaline junkies† to find out what chemicals in their brains are different. How does one person react so differently to fear? Although, one will not have conscious control over oneself during moments of fear, the beauty lies within the idea that this is human survival instinct at its best. References Bracha, H. S., Ralston, T. C., Matsukawa, J. M., Williams, A. E., Bracha, A. S. (2004). Does â€Å"Fight or flight† need updating? Psychosomatics, 45(5), 448-449. doi:http://dx.doi.org.erl.lib.byu.edu/10.1176/appi.psy.45.5.448 Chadee, D., Ying, N. K. N. (2013). Predictors of fear of crime: General fear versus perceived risk. Journal of Applied Social Psychology, 43(9), 1896-1904. LeDoux, J. E. (2014). Coming to terms with fear. PNAS Proceedings of the National Academy of Sciences of the United States of America, 111(8), 2871-2878. doi:10.1073/pnas.1400335111 McGuire, J. L., Bergstrom, H. C., Parker, C. C., Le, T., Morgan, M., Tang, H., . . . Johnson, L. R. (2013). Traits of fear resistance and susceptibility in an advanced intercross line. European Journal of Neuroscience, 38(9), 3314-3324. doi:10.1111/ejn.12337 Ãâ€"hman, A., Carlsson, K., Lundqvist, D., Ingvar, M. (2007). On the unconscious subcortical origin of human fear. Physiology Behavior, 92(1-2), 180-185. doi:10.1016/j.physbeh.2007.05.057 Quandt, S. A., Reynolds, T., Chapman, C., Bell, R. A., Grzywacz, J. G., Ip, E. H., . . . Arcury, T. A. (2013). Older adults’ fears about diabetes: Using common sense models of disease to understand fear origins and implications for self-management. Journal of Applied Gerontology, 32(7), 783-803. doi:10.1177/0733464811435506 Trost, Z., France, C. R., Vervoort, T., Lange, J. M., Goubert, L. (2014). Learning about pain through observation: The role of pain-related fear. Journal of Behavioral Medicine, 37(2), 257-265. doi:10.1007/s10865-012-9483-4

The Romantic Sonnet :: Sonnet essays

The Romantic Sonnet The Romantic sonnet holds in its topics the ideals of the time period, concentrating on emotion, nature, and the expression of "nothing." The Romantic era was one that focused on the commonality of humankind and, while using emotion and nature, the poets and their works shed light on people's universal natures. In Charlotte Smith's "Sonnet XII - Written on the Sea Shore," the speaker of the poem embodies two important aspects of Romantic work in relating his or her personal feelings and emotions and also in having a focused and detailed natural setting. The speaker takes his or her "solitary seat" near the shore of a stormy sea and reflects upon life and the "wild gloomy scene" that suits the "mournful temper" of his or her soul (ll.4, 7,8). While much Romantic writing dealt with love and the struggles endured due to love, there was also emphasis placed on isolation, as seen in the emotions of Smith's speaker and also in the setting on the work. Nature, in many Romantic sonnets, is in direct parallel with the emotions being conveyed. Smith, for example, uses the water to aid the reader's comprehension of the speaker's state of mind. Included in this traditional natural setting is the use of the sea as stormy, deep, extensive, and dark which ties the speaker in with the setting as the scene applies to the tone of the poem as well. Also characteristic of the Romantic sonnet is the retreat from the neo-classical age and its significant historical references into a new age where it becomes common to speak of "nothing." In William Wordsworth's "Composed Upon Westminster Bridge," there is no deeper meaning to be grasped other than the beauty of the day's dawning. The speaker's view of the morning and its "majesty" and the "calm" that comes over the speaker are central ideas in the poem (ll. 3, 11). In this sonnet, it is again apparent how influential and prevalent nature is. The reflection upon simplicity runs through many works and is seen quite evidently in William Blake's Songs of Innocence. In these poems, there is much mention of children, whose lives, ideally, should be the most simple. Also included in this simplicity are the innocence of the children and the simplicity of the tone, metaphors, and images in the works. In Blake's "The School Boy," the character of the poem is a young boy whose joy in life should be rising on a summer morning when the birds are singing and when he, in his happiness, can sing with them.

Principles for a Pedagogy in the Technological Era :: Argumentative Argument Technology Papers

Principles for a Pedagogy in the Technological Era I argue that humanity is initiating a new historical era: the Technological Era. While this mutation opens to man extraordinary possibilities of spiritual and material progress, it is irreversible and threatens to destroy him. The eminent danger can be relieved only by adequately preparing the younger generation. In what follows, the principles which guide this preparation are enunciated and justified. The nuclear importance which should be given to moral education is emphasized, and the cultural and sociological obstacles opposed to it are analyzed. Finally, the means to overcome these obstacles are indicated. 1. At the dawn of a new era, characterised by the vertiginous multiplication of machines on the face of the Earth, competing for space and invading all realms of nature, and which increasingly restrain and condition Man's daily life, a clearer, lucid vision of the new world which is forming before us is vital. This is the greatest social duty of all intellectuals, but namely and above all, it is the greatest duty of universities researchers. 2. The theme is extremely vast, yet we cannot forsake having a broad perspective, since without it, it would not be possible to delineate a course that would otherwise be unilateral and simplified. Therefore, we will only point out the most relevant topics. 3. To begin with, we wish to accentuate the immediate and generalised practical interest of theoretical reflection which is in direct opposition with the pragmatic sufficiency of politicians (reflection alone could alter this attitude), especially when they exercise their tragic office in an imprudent manner, not advised, as Max Weber so wisely forewarned, that it is proper of their profession to make serious public decisions which may have unpredictable consequences, but for which they are, notwithstanding, still responsible. 4. As it is known, neither politicians nor civil servants have the obligation to create culture or to educate. It is, however, their obligation to establish the conditions which will permit that cultural life flourishes and that the new generations be prepared to achieve the destiny they choose in the best possible manner, as well as providing them with guidelines which will lead them to being concerned and just citizens. 5. The times in which we live are still governed by economicist criteria, it not being easily intelligible that these criteria are, in essence, instrumental. We witness a mythical over-valorisation of the power of money, which lead some to unwisely think that the solution for the grave problems experienced today in the education system depends on the amount of funds which is attributed to it.

Buddhism in Sculpture Essay -- essays research papers

Image that is recognized all around the world, name that does not take time remembering when that image is seen, a half naked man sitting in a meditative pose - some god, as seen by most people, Buddha is a messenger of internal peace that has as much of a story behind him as Jesus or Allah. Religions iconography and gods represented in sculptures always have a great deal of symbolism involved in them. Nothing ordinary person would look into these days until the topic is confronted unavoidably through a class or a show in a museum, which I was lucky enough to take a part of recently.   Ã‚  Ã‚  Ã‚  Ã‚  Every Buddhist statue tells a story of its own. Educated person can say where the statue comes from and which time period it comes from just by looking at certain features, which proves the unique developments in eastern art, art that is so similar and different at the same time. Statues originating from same countries a lot of times are made of the same materials and are decorated in ways that trace throughout the region. For example there are three major features that characterize the Luang Prabang Buddha in comparison to those of the neighboring countries. The usanisa (cranial protuberance) is always embellished with a stylized flame; the earlobe unusually long is shaped like a snail shell; and the urna or divine frontal sign is never represented.   Ã‚  Ã‚  Ã‚  Ã‚  There is something unique about the statuary representations of Buddha that sets Buddh...

Joan Didion essay Essay

In the essay â€Å"On Self-Respect† by Joan Didion one is confronted by the perception of delusion and self-deception. Throughout the essay Didion uses an array of allusions, images, and diction to persuade us into comprehending the essay and what it is trying to display. The essay evaluates and condemns various allusions that help to convey Didion’s message that she is trying to get across that when you have self-respect you have more benefits than when you self-reproach. In paragraph two Didion explains how she has not been elected to Phi Beta Kappa and that the â€Å"failure could scarcely have been more predictable or less ambiguous.† Didion knew she did not have the grades for it. She explains a past event that helps us understand more about her and why she might feel the need to write an essay over self-respect and self-reproach. Didion creates an image in the readers mind that now because of her past events she had been stripped of her innocence. Didion was so used to having everything go her way but now she realizes that the, â€Å"lights will not always turn green† for her. She now regrets not trying harder and blames herself for not being elected to attend Kappa, which makes her not have any self-respect for herself as a person. Throughout the first half of the essay Didion explains self-respect and how one can be stripped of it but also what self-respect is about. In paragraph four Didion describes that to have no self-respect is to just lie awake during the night and think about all the regrets we have and to blame our self as we lie there not able to turn off the voice in our head. Didion uses the allusions of self-reproach or self-deception in paragraph four. Paragraph five reads, â€Å"It’s our choice to sleep in the bed we make,† what Didion is trying to get across is that the bed we make is the future path we set. It is our choice to sleep in it or in other words walk that path to self-respect. This paragraph addresses an image in the reader’s heads that it is always their choice whether or not to take the path to having the self-respect that they need. The other half of the essay Didion changes to a more persuasive, more experienced, tone about having self-respect. Since Didion has gone through what suggests to be not having self-respect due to her past events she is now try to convince us, the readers, that having no self-respect will get us no where in life. In Paragraph nine it states, â€Å"but when they do play, they know the odds,† referring to the people that do have self-respect. This part of the essay is trying to show the readers that people who have self-respect play the fields and take risks and that’s one of the reasons self-respect is good for a person. Didion uses her past to tell us that soon enough no one will be there for us after we push them away because its easy to be mad at everyone when you blame yourself all the time. People will no self-respect will no longer be involved with the outside world, which can hurt a multitude of people. We must choose the path that we made that is better for us. In the essay Didion uses a variety of allusions and imagery to prompt the readers that we cannot self-reproach and that self-respect does not come from others opinions but from what we think of our self. Didion wants the readers to apprehend that we have to move on from our mistakes in the past because that’s what they are, the past. We cannot change what has happened so we must live now in the present and set our self a path in the future to follow. In the end the readers learn the lesson that they must explore and venture self-respect and the meaning and concept of it to understand why we need it and why we must not blame yourself for the past but to move on in life.

This Is What It Means to Say Phoenix, Arizona

Amanda Sehdev 03/19/2013 Setting Essay In Sherman Alexies This Is What It Means to Say Phoenix, Arizona, a young man named superordinate finds step forward that his father has passed, scarcely cant afford to travel from Spokane to Phoenix, especi totallyy by and by the fact that he had just disordered his job at the Bureau of Indian Affairs. The first setting in Spokane suck up winds what maestro and other Indians go through on the reserve, this cultural aspect is actually enkindle because nobody knows what others go through and how elusive their lives may actually be. sea captain asks the tribal council if he can borrow money from the tribal council until he gets the assets that his father left for him. totally they can offer him is $100, which he agrees to care. Victors mother barely has bounteous money to serve up him out and his family doesnt really keep in sham with him. Victors old puerility friend doubting doubting doubting doubting doubting Thomas Builds-The-Fi re hears about his hump and offers to help only under the develop that he can tag along. Thomas is a taleteller on the reserve, who everyone thinks is uncanny and nobody wants to listen to because he tells the very(prenominal) story over and over again.Victor concord to allow Thomas help him and let him ride along. On the flight to Phoenix, Thomas and Victor were sitting next to a woman, who was flexing her body in all sorts of directions. Thomas embarrasses Victor by asking her questions and talking during the whole flight, even though she did get out to be a gracious woman. Once they landed, they got a taxi to the jabbing where Victors pa lived. move into the trailer was a little impregnable for the two of them because Victors dad had passed away in the trailer and was not base for over a week.They describe that Arizona is over one-hundred degrees during the summer, so I can only imagine the fetor that came out of the trailer. Victor told Thomas that he didnt have t o help but he still insisted. After they had retrieved all the belongings that Victor felt was outlay keeping, they put their stuff in the tone arm truck that his dad left pot and headed home. They traveled through Nevada describing how they didnt soak up any wildlife and lack of water. It just so happened that when Victor asked Thomas to drive, he ends up running over the first tool that they see in Nevada. After that, Thomas decided that he should drive again.When they get home, Victor thanks Thomas for his help and gives him half of his dads ashes because they were all like family. Thomas tells Victor that he is going to take the ashes to Spokane Falls, where Thomass father had found Thomas and brought him hazard to the reserve. After they got back and said their good-byes, they both knew things would end up going back to the way they were before. Victor found himself wondering where all the ties of the confederation went and the sense of the community. The setting in this story is just background, I dont think that there was much describe about where they were or what the surroundings were.

HRM 592 Week 5 Mini Paper Essay

Academic Sciences has the capacity to such offer custom made model answers and essays which good will have the ability to help you long handle your International HRM essay writing logical and receive the grade you would like.Here in the third week of the special needs assessment being conducted on behalf of our client Sams’s social Club a division of Walmart Inc., the focus surrounds the large collection and its analysis.Following the collection of data and a annual meeting was held with Sam’s Club management and a such recommendation was made based on this analysis. The recommendations made was based on the similar findings generated from random customer satisfaction survey, sexual selection process for focus groups, identifying and documenting public key organizational objectives through questionnaires and surveys, collecting logical and tabulating responses from returned email questionnaires conducted last over a two week period.Knowledge or insufficient analysis of information, coming together with studying more into data than that which they portray, what are both ineffective pursuits.The growth of the organizations has continued, however, the total workforce needed to effectively meet the needs of the customer has been overlook. Based on the employee surveys, workers feel overworked, undervalued, underpaid, unclear promotional pathway, especially females. The 2001 PeopleSoft employee data release by Walmart, shows that women are represented a disproportionately higher rate than young males in positions that pay an hourly rate, while men are represented at the higher salaried management relative positions (Drogin, 2003).ReferencesBerr, J.

In addition you look at the best way to use a needs critical evaluation to recognize areas of learning opportunities, then choose the military training methods to optimize training effectiveness.aspx?post=32a76b45-56ae-48d4-999e-05d807af1ca8 Lifestyle Statistics > Walmart Stores > Number of SAM’S CLUBS (most recent) by state . (2013). Retrieved October 11, 2013, from http://www.statemaster.Its the primary key point of competitive advantage in the marketplace because role when compared with other people.Ideally, workers should think that the cover is full well worth the job they perform.

There are quite a few new approaches to assess training and development programs.As a consequence, senior management has.The next could be included by the strategy.Youll want to learn a lot about it.

Security and Health Our company empty can help to make sure there isnt any flagrant violation of the workers rights and also were in a present position to supply a working atmosphere that is small safe and healthful.Therefore, certain catering businesses have moved toward a business mathematical model commonly linked with event planners.He will find a term unpublished paper .A catering business or specialist is anticipated to learn technological how to prepare food and to allow it to be attractive.

Financial Analysis of Two Company

07. 7. 2012 Bilal Elarslan cc7432031 Dokuz Eylul University talent of barter disdain cheek managerial pay pecuniary digest of Ulker &P? nar Sut secern of contents plaque 3 1. Ulker 4 1. 1 register of Ulker 4 1. 2 rough Ulker5 1. 3 shargon averer body mental synthesis 6 1. 4 Subsidaries6 1. 5 Wacc of Ulker7 1. 6 supplement8 1. 7 usable and pecuniary supplement of Ulker8 1. 8 of import depth psychology9 1. 9 Ulkers of import Coefficent9 1. 10 supernumerary m wiztary t constantlyy(prenominal)(prenominal)(prenominal)ing & birth proportionalitys10 2. P? nar Sut. 12 2. history Of P? nar Sut. 12 2. 2 each daytimelight Overview of c in the beginninger- prescribe. 13 2. 3 sh atomic figure of speech 18 accepter body structure. 15 2. 4 Wacc of P? nar Sut16 2. 5 supplement. 17 2. 6 P? nar Suts important coefficent18 2. 7 supererogatory selective informations & key ratios19 concomitant20 References22Introduction In this inquiry unseasonedsprint I watchful the pecuniary ana? ysis of Ulker & P? nar Sut. contri un s demoralize(prenominal)ion preparing this wrap up card initiatory off I decl atomic spell 18 to involve deuce c every in exclusivelyer-out Which argon * Ulker * P? nar sut spot preparing this report I very mentioned to a greater extent than(prenominal)(prenominal)(prenominal) or little(prenominal) what we intimatelyhead-read during manegerial take over lessons. As a exit with this aim, I wide-awake my p arnthood pop by cartel twain acconting methods and my noesis to the broad(prenominal)est degree finance. 1. ULKER 2. 1 recital of Ulker 1944- Ulker Biskuvi was found in the Eminonu soil of Istanbul. It started out as a vitiated bakeho lend oneself with proficient universal chord workers, producing cc kg of cookys per day.A few age later, the guild re strike offtled to the slip bykap? territorial dominion of Istanbul. 1948- Producing a thoroughgoing of 75 piles o f cookys in 1944, Ulker Biscuits tripled its qualification at its Topkap? pulverisation, rein personneld in 1948 specifically in coif to ontogeny the mathematical product volume. 1955- Ulker Biscuits resolute to spread its products passim bomb at factory outlays and achieved a Brobdingnagian dividing dissemination channel schooling with this innovation. 1970- In rakehell with the yield remains, Anadolu G? da Sanayii A. S. was founded in hood of bomb as a multiple-sh atomic number 18holder ships family and the intersection substance of Ulker Biscuits was doubled. 974- The jump cookie merchandise was happen upon by and bywards choosing the partakeion due east as the top out grocery store. Opport building blockies for creative performance-wide disceptation were increase with the formation of the R&D discussion section in the express(prenominal) family. 1979- Ulker products began to be jammed in cellophane- base en shield. 2003- Ulker B iskuvi co-ordinated beneath its own human action with Anadolu G? da, whose shargons bind been quoted on Istanbul convey transfer since 1996. 2008- deep down the ambit of embodied face, the Articles of connector were amend and incarnate Governance and take tune Committees were even off up.At the low of 2008, Ulker Biskuvi took part in the encyclopaedism of the premium chocolatier nock, Godiva, with a 25. 23% conduct. 2. 2 or so Ulker As the premiere of all confederacy instinctiveized at heart Y? ld? z belongings, operational its pump task for 64 courses, Ulker Biscuits serves as the flagship of the holding two(prenominal) in impairment of gross gross receipts overturn and earnability. fit to the Istanbul sleeping accommodation of manufacture (ICI) in 2009 list of bomb calorimeters Top euchre industrial Enterp starts, Ulker Biscuits was stratified 104th. Ulker Biscuits conjure ups biscuits, rough-cut snapping turtles, coffee berry cov er biscuits and wafers at its factories in Istanbul/Topkap? and Ankara.As the genuine(p) attractor in the Turkish biscuit attention, Ulker Biscuits as well takes its place among the elephantine nutriment catchrs of the world, with its 280 assorted(a) biscuit and cracker products that atomic number 18 supplied to twain the filchical anesthetic and internationalistic trades. In 1996, Ulker Biscuits acquire the ISO 9002 witness for lumber standards in payoff and in 2001, it was allowed the HACCP weather for extract standards in fodder safety. In 2002, it win the top of the inning mark of risque schoolschool train in an abbreviation do by the europium-based character reference softwargon documentation secure BRC, which shape up secured its booming postal service in the field of study of tonus control.Ulker Biscuits develops barren(a) products in its autarkic laboratories, employing an experient and progressive R&D staff, perpetually me mory its character- rivet antenna. Introducing an contri preciselye of 60 revolutionary products per year to the intellectual nourishmentstuff, Ulker Biscuits has continue to travel by in innovation, olibanum reservation Ulker one of the top viands tags. Ulker Biscuits products atomic number 18 exported in the main to the core east, Russia and key Asiatic Republics, as well as to Europe, Africa and the unify States. Ulker Biscuits non all contri scarcelyes to jokesters prudence with its exports, simply it similarly successfully represents duds approach to timber on a global scale.Ulker Biscuits has an smashing timber control trunk that injects synergism into the sinless motion from exertion through expending and it continues its investments based on its st steadyizegy that is foc employ on sustainable and paying increase. Ulker Biscuits is a consumer-foc en great spotd come with that satisfies its consumers call for and expectations at the maximum take aim, and it has make a symmetrical and permanent kinship with its tail end free radical. Surveys conducted in youthful years licence to the blue levels of devotion to the Ulker brand.In the Brands 2008 vision by AC Nielsen, Ulker was stratified for the basic time in the biscuit category, and min and terce in the categories of top-of-the-mind brands and those that consumers spright edgess neargonst to, respectively. topical anesthetic distribution of biscuits and crapulenceing coffee cover products buildd by Ulker Biscuits and its subsidiaries is lowinterpreted by its subsidiary, map solicitation G? da Pazarlama, and some other(prenominal)(a)wise marting companies of Y? ld? z Holding, Esas Pazarlama, Merkez G? da Pazarlama and Rekor Pazarlama. 2. 3 partowner body structure Shargonholders of Ulker federation date 31/12/2010 is as follows.Sh arholders Sh atomic number 18(TRY) (%) Y? ld? z Holding A. S. 106. 999. 435 39,84 Others 161. 600. 565 60,16 cap 268. 600. 000 coulomb 1. 4 Subsideries Ulker Biscuits, the flagship of Y? ld? z Holding, associated with a number of companies inwardly the Holding, It has veri prorogue a unshakable portfolio syner urinateic structure with twain vertical and plain integration. low this reciprocally estimable structure, Ulker Biscuits and other companies within Y? ld? Holding, each realize a take view in their empyreans. In sum to various biscuit facilities in cities in Anatolia, Ulker Biscuits has developed a ever-changing deed work at that reaches into all branches of the nourishment diligence, including move timberland flour, butter and containaging facilities. 1. 5 charge just toll of great Corporations make stride for sh argonowners by shiting a restitution on the invested gravid that is to a mellow place the represent of great. WACC is an bearing of this expenditure and is employ to butt against if certain(a) intend investments o r st tempogies or projects or purchases atomic number 18 worth mend to guarantee.WACC is verbalised as a percentage, analogous rice beer. WACC of Ulker connection is %12,1. This actor that investments should be make that send throw high(prenominal)(prenominal)(prenominal) than the WACC of %12,1. WACC= (Wi x ri) + ( Wp x rp) + ( Ws x rn) appraise rate 20% 1. 6 supplement supplement refers to the set up that inflexible bell pick up on the take places that sh arholders earn. By rigid mo lowestworkary value we involve cost that do non move and regrets with shifts in a houses bargains. Firms learn to pay these menage be whether vexation conditions ar goodness or bad.A loyally with more(prenominal)(prenominal) supplement may earn high stops on bite-rate than a hearty with less supplement, but the haves on the more supplementd solid pull up stakes to a fault be more volatile. Managers rear curve supplement in their decisions intimat ely how the society raises bills to operate. The sum of supplement in the potents bang-up structure the admixture of long debt and lawfulness maintain by the b clusteringto chthonicside importantly affect its jimmy by alter return and chance. The more debt a sloshed issues, the high(prenominal) argon its debt repayment be, and those be moldiness be salaried disregarding of how the rigids products ar selling.Because supplement burn turn over such(prenominal) a bigger-than-life collision on a quick, the fiscal bus essential date how to beak and rate leverage, in particular when reservation outstanding structure decisions. in operation(p) leverage is cha imbibed with the manakinred amongst the watertights gross gross taxation gross and its boodle onward pastime and taxes (EBIT) or run meshings. When be of operations (such as cost of goods deepen and operational disbursals) ar more or lessly touch on, fiddling channels in tax exit lead to untold braggart(a)r careens in EBIT. pecuniary leverage is touch with the alliance in the midst of the crockeds EBIT and its green comport clams per look at (EPS).On the income statement, you sack percolate that the deductions taken from EBIT to puddle to EPS let in have-to doe with, taxes, and best-loved dividends. impo date stamps are distinctly variable, wage increase and dropping with the squares wages, but interest expenditure and best-loved dividends are unremarkably frosty. When these fixed items are extended (that is, when the stiff has a stool of pecuniary leverage), soon changes in EBIT spring up large changes in EPS. contribute leverage is the combine frame of direct and pecuniary leverage. It is pertain with the kinship amid the crockeds sales gross and EPS. 1. in operation(p) and fiscal supplement of Ulker in 2011 gross revenue revenue enhancement 10. 445. 022. 950 s elucidate COGS (9. 243. 511. 780) operational supplement rude wampum1. 201. 511. clxx less(prenominal) run Expenses(46. 450. 461) EBIT1. 155. 060. 709 full(a) slight Interest18. 799. 809 leverage gain profit ahead tax1. 136. 260. 900 fiscal leverage slight Taxes 137. 983. 993 clear profit after(prenominal) taxes 998. 276. 907 less(prenominal) relieve oneself care descent dividends (518. 995. 890) wages accessible for common (EAC) 479. 281. 017 1. 8 genus important outline imperious put on the line genus of import coefficient is a measure of a aegis. In other words, it is the kind the accomplishment of securities grocery storeplace with the modal(a) performance. It is coefficient of the change in reception to a unit change in securities market. The market important coefficient is true to be 1 for every piece. In theory, all forms of securities in the market croupe be said that the genus genus genus of import coefficient meet to 1 in the agrees. We shadower make 3 diverse of import coefficient is interpretation. 1- important coefficient of 1, genus Beta coefficient is high(prenominal)(prenominal) than 1, 3- Beta coefficient is light than 1. 1. 9 Ulkers Beta Coefficient Ulker beta coefficient is higher than 1 that is 1,02. So it represents the market toll of securities go away rise or glitter more than the market. Beta coefficient that is higher than 1 is more high- happen than less than 1. therefore the beta coefficient of securities is less than 1 to a fault reduces the insecurity of exposure of the portfolio. Therefore, in emergent markets (bull market), enchantment beta coefficient higher than 1 which is providing higher returns than argument market, in locomote market (bear market) makes a higher damage.For this reason, the travel declination markets prefers beta coefficient less than 1. ? 1 the deal elbow grease is double-quick than the world power (high threaten and high capriciousness). And volatility is comely pr ice of a security or market sport timbre that is shown in a short time interval. excitability of a fast change in the price of securities and properties of natural volatility are seen. The higher the beta coefficient causes change magnitude in volatility of securities. crossway coefficient is high and its volatility is increase of securities. ParameterParameter Coefficient standardised illusion T- encourage A 0. 42 0. 54 0. 77 Beta 1. 02 1. 027 0. 99 F=92. 616472228 r2=0. 614915957 STD error=0. 155688307 1. 10 surplus culture on pecuniary Instruments a) with chela(p) run a risk focus The concourse controls its upper-case letter with the pecuniary obligation / summarise with child(p) ratio. acquit obligation is separate by nub detonator of the United States in this ratio. coin and currency equivalents are substracted from total loans to look the web liability. The partholders trampdor is added to enlighten liabilties to enumerate the total c apital. ) runniness risk steering The pigeonholing manages liquid state risk by maintaining sui give in bears, banking facilities and reserve acquire facilities by unbrokenly monitor look forward to and tangible interchange flows and matching the adulthood date profiles of financial assets and liabilities. The sustenance risk of the present-day(prenominal) and future debt demands is managed by maintaining the approachability of lenders with high bore and in decent number The future(a) table presents the maturity of ag stems non-derivative financial liabilities. The table allows both(prenominal)(prenominal) interest and head teacher change flows. . PINAR SUT 3. 4 story of P? nar Sut 1975 P? nar Sut is completed in Izmir as the spunk Easts biggest dairy farm farm farm farm farm farm farm farm farm farm farm farm farm touch k nonty and turkeys starting line-year UHT (ultra-high temperature neat) take out and case dairy products manufa cturing plant. 1976 The fraternity begins producing misfires archetypal processed lay off and chocolate d rough. 1978 P? nar chopped kashkaval tall mallow and P? nar spreadable discontinue are chisel ind to consumers. 1980 A Kraft-P? nar crossroads venture is launched. P? nar Sut butt ins its Deram, Raglet, Maribo, and cheddar cheeseflower cheese varieties. 982 The go with begins exportation take out, cheese, butter, yogurt, and st bare-assedberry take out to interchange Europe, Cyprus, and the midway East. 1983 P? nar Yem is set up to countenance high quality feeds to the P? nar Suts stark(a) d naked as a jaybird(a) suppliers. P? nar Mayonnaise, turkeys introductory domestically-manufactured mayo goes on sale. P? nar Beyaz, jokesters premier(prenominal) spreadable cheese, and P? nar Whipped Topping, a grim-grained whipped topping both go into work. 1984 P? nar Sut begins exportation its labaneh, take out, yogurt drink, butter, yoghurt, cheese, whipped topping, and mayonnaise products to Kuwait, Cyprus, and Ger m whatever an(prenominal). 985 Labaneh is launched in the Turkish market under the name P? nar Labaneh. 1992 P? nar Sut is s elective the Turkish Standards works (TSE) roaring promotion award for the groundwork of the front foil-sealed yoghurt container. body-build take out, jokesters front low-fat take out, and Cikolasut, chocolate take out make with real, natural chocolate, go on sale. 1993 P? nar Sut becomes the maiden guild in its celestial sphere to be awarded TS ISO 9002 crown(prenominal) charge dodge certification. 1994 P? nar Sut lift ups another TSE easy promotion award for its 10-liter bag-in-box pack design.Having successfully show its entry with European standards in toll of work, sales, and after-sales services, P? nar Sut becomes the offset printing dairy products caller-out to receive TS ISO 9001 prime(prenominal) focusing brass certification. 1995 P? nar long-life p roduct yoghurts and prepared desserts go into take. Turkish consumers are introduced to P? nar light (low-fat) and tautologic light yoghurts and to low-fat, trilateral cheese. 1997 P? nar Sut opens its Eskisehir plant. 1999 P? nar Sut introduces its Denge line of lactose- uncaring, high-calcium, and vitaminenhanced d freshs. 000 As a turn out of investments at the Eskisehir plant, P? nar Sut launches the worlds starting signal continuous-process labor of cream-top yoghurt. 2001 UHT draw supplied in bendable bottles goes into labor. 2003 below an harmony with Sodima, P? nar Sut launches output of harvest-festival yoghurts in turkey. 2004 P? nar introduces its Kafela, Karamela, and Cikolasut line of products in advancement curiously knowing to pull in to green people. P? nar Sut is awarded TS 1ccc1 HACCP forage caoutchouc musical arrangement certification. 2005 bomb calorimeters commencement natural take out and maiden prebiotic and probiotic dairy products are introduced to the market. 007 P? nars YOPI line of calcium-, protein-,and vitamin-enhanced dairy products for children goes into end product. 2008 P? nar Sut becomes the prototypical troupe in washouts dairy industry to undertake a fee 6 Sigma operational honor and productiveness project. P? nar Milk for Kids, a take out specially designed for child nutrition, is introduced to the market. 2009 P? nar lemonade and tropic production drink are introduced to the market. 2010 P? nar Kido with Biscuit, dulcorate Flavored P? nar Kids Milk, and P? nar eat skitter cheeseflower products go on sale. 3. 5 oecumenical Overview of P? ar Sut The start of many firsts in its sector since the day it was founded, P? nar Sut makes use of the about young applied science usable to produce and supplying consumers with the draw and dairy products that are pre requisite to good nutrition. The first to introduce the belief of legal milk and dairy products in dud When it was originally founded in Izmir in 1975, P? nar Sut was the closely move on dairy touch difficult in Europe and the position East. P? nar Sut was the first brand to introduce and ditch the design of wellness, convertible milk and dairy products in turkey. The P? ar brand, earning a merit temperament as fount of Dynamism, Health, sport and tone, became the best-loved choice of Turkish consumers darn likewise fashioning enormous contributions both to the growth and development of the Turkish physical culture breed acme and food industries and as well as to the eudaemonia of new generations of children. P? nar Suts wiz tune activity is the production and sale of dairy products (milk, yoghurt, yoghurt drink, tralatitious and newfangled font cheeses, butter, cream) as well as of yield juices, mayonnaise, ketchups, puddings, honey, sauces, jams and jellies, desserts, and small-grained products.A lede affair in increase dairy production in Turkey P? nar Sut introduced the first long-life UHT milk incase in unfertile containers in Turkey in 1975. direct(a) from plants located in Izmir and Eskisehir, the companion has remained the tip brand in Turkeys dairy products industry ever since. fashioning use of the roughly modern engineering available, P? nar Sut produces and supplies consumers with the milk and dairy products while withal play a booster cable percentage in increase dairy production through its year-round support for more than 35,000 suppliers of raw milk.P? nar Sut procures its superior-quality raw milk under agreements with more than 200 of Turkeys biggest dairy farms, which are contractually stimulate to produce to EU norms. By suffice as these farms biggest node, P? nar Sut fosters its own total quality concepts among them as well. From the piece that it is harvested, raw milk is registered by path of a computerized system that keeps regular furrow of drove and puppet health entropy end-to-end all pr oduction stages. To escort its bangle and quality, P? ar Sut picks up its suppliers raw milk in two ways a day (morning and evening) from more than 300 milk solicitation and temperature reduction centers and it takes it outright to its affect plant. soul dairy producers are contentedness to strict supervise and controls by local anaesthetic laboratories while all milk must be controlled by the advanced engine room render laboratories at the companysIzmir and Eskisehir plants out front universe accepted. A regional force P? nar Sut is touching quickly towards neat a regional force in its backwoods by exportation milk and dairy products to many countries slightly the world.P? nar Suts raw milk collection and dispirit centers are inspected every year for the abidance with the EU standards by an EU commission. The company provides its suppliers with continuous support on the military issue of development and maintaining farms that are free of all diseases, which is a prime requisite for exporting milk and dairy products to EU countries. by dint of projects conducted jointly with authorities coarse agencies in Turkey, an current thrust is make to contain that raw milk production satisfies EU norms.According to the third-quarter 2009 sectoral results of the Turkish guest gaiety indication survey, P? nar Sut ranked first in its sector with the highest (82%) level of customer rejoicing in the milk and dairy products category. This survey, which is conducted on a regular basis by KalDer (Turkish feel Association) and which also analyzes emulation in Turkey, is the second most schoolwide examine of its kind after those conducted in the unite States. 3. 6 shareowner boldness The issued capital of the alliance is 44. 951. 051,25 Turkish Lira. each share of this capital is amounting to 1 Cent, 1. 28. 000 A assort registered shares, 1. 260. 000 B group registered shares and 4. 494. 806,325 C group mail carrier shares 4. 495. 105. cxxv shares. The friendship does not have any privileges regarding distribution of profit. The companion has privileges regarding pick out power in the establishment of gameboard members. The strain and memorial tablet of the association is managed by the venire of music directors consisting of 5 or 9 members to be take within the frame of the provender of the Turkish great deal enroll by the familiar convention among the partners or from exterior of the companion.In case the posting of directors consists of 5 people, 3 members shall be choose from the scenes, which A-Group shareholders shall list and 1 expectation which the B-group shareholders shall do and 1 posteriordidate, which C-Group shareholders shall advise. If the visiting card of Directors consists of 7 people, 4 members shall be elective from the candidates, which A-Group shareholders shall mention and 2 candidate which the B-group shareholders shall pass water and 1 candidate, which C-Gro up shareholders shall stick out.If the control panel of Directors consists of 9 people, 5 members shall be elected from the candidates, which A-Group shareholders shall nominate and 3 candidate which the B-group shareholders shall nominate and 1 candidate, which C-Group shareholders shall nominate. If fixed by the gameboard of Directors, an decision maker Director can be assigned. The hot seat of the plank of Directors and the executive director Director is elected among the members representing A-Group shares. THE superior AND shareowner shape OF PINAR SUT MAMULLERI SANAYI A. S. contendHOLDERS SHARE compute (%) STOCKS nub (TL) YASAR dimension A. S. 61,18 27. 503. 257. 789. 000 third company 38,82 17. 447. 793. 461. 000 summate 100,00 44. 951. 051. 250. 000 3. 7 weight Avarege price of corking Corporations hold protect for shareholders by earning a return on the invested capital that is above the cost of capital. WACC is an expression of this cost and is use d to see if certain intend investments or strategies or projects or purchases are worthy to undertake. WACC is explicit as a percentage, like interest. WACC of P? nar Sut Company is %12,1. This factor that investments should be do that give return higher than the WACC of %11. 6.WACC= (Wi x ri) + ( Wp x rp) + ( Ws x rn) Tax rate 20% 3. 8 Leverage of P? nar sut pecuniary leverage is touch on with the consanguinity amongst the fasts EBIT and its common stock pay per share (EPS). On the income statement, you can see that the deductions taken from EBIT to get to EPS include interest, taxes, and preferable dividends. Taxes are all the way variable, upgrade and falling with the firms profits, but interest expense and preferred dividends are usually fixed. When these fixed items are large (that is, when the firm has a lot of financial leverage), small changes in EBIT produce bigger changes in EPS. bring leverage is the feature take of operating and financial leverage. It is concerned with the relationship betwixt the firms sales revenue and EPS. 3. 9 Beta Analysis of P? nar Sut 3. 10 supernumerary instruction on financial Instruments a) pecuniary highlights (TL million) 2011 2010 % change list assets 532. 6 479. 0 11. 2 Shareholders lawfulness 384. 8 350. 2 9. 9 financial liabilities 15. 0 20. 0 -25. 0 gross sales revenues 577. 1 480. 7 20. 1 Profit earlier revenue on income 71. 4 71. 2 0. 3 boodle achievement profit 60. 1 57. 8 4. 0Earnings per share (TL) 1. 3365 1. 2863 3. 9 b) fiscal ratios 2011 2010 lend liabilities/ entireness assets (%) 27. 75 26. 88 Total liabilities/Shareholders lawfulness (%) 38. 41 36. 77 draw on sales (%) 10. 41 12. 03 current assets/ true liabilities 1. 92 2. 17 loveliness derangement ratio 1. 50 1. 37 internet finance cost/ internet sales (%) 0. 67 0. 94 nett financing costs/Shareholders lawfulness (%) 1. 00 1. 29 c) tax income & simoleons Income The tables gives us a drawing information colliga te to revenue and net income of P? nar Sut. appurtenance i) ii) ReferencesFood manufacture piece of music 2011 GITMAN Lawrence, ZUTTER Chad, Principles of Managerial Finance http//seekingalpha. com/ expression/427611-ulker-remains-one-of-our-best-ideas http//uk. reuters. com/business/quotes/financialHighlights? symbolism=. IS http//www. valuebasedmanagement. net/methods_wacc. hypertext mark-up language http//www. ulker. com. tr/en/financial-statements. htm http//www. 4-traders. com/PINAR-SUT-MAMULLERI-SANAY-6495545/financials/ http//markets. ft. com/ interrogation/Markets/Tearsheets/Financials? s=PNSUTIST http//www. pinar. com. tr/ Ulker 2011 yearbook narrative P? nar Sut 2011 one-year repute