Communication in Economics Essay Example | Topics and Well Written Essays - 1000 words

Communication in Economics - Essay Example The economists on the other hand estimated that that over 10 million dollars are spent each year as an average payment package for the chief executives in only big companies. The economists believe that the people who are on the receiving end of this kind of enormous transfers of the shareholders end ironically want the CEOs to continue. The economists have put it across that letting the excessive pay escalate every year badly hurts the already battered reputations of the American chief executives and from their point of view the silence has been very baffling. The economists also believe that there should be an inter4nal pay equity in every single company so that to avoid this perception that there are better people in the highest realms of business. The economists have also clearly said that with all the scandals that have been occurring in the recent past the CEOs only care about themselves and the idea that they create wealth for their shareholders is seen as the most ridiculous thing. This is true since most of them do not actually do the physical work themselves but their employees do the work and hence they are the ones who have created wealth for the shareholders from the type and the quality of service they provide. The economists further believe that without the presence of the lower level employees the CEOs would not have the companies at all because they would really have an awfully hard time in doing all the company's' jobs at once. Another very interesting issue is that the CEOs in America suggest what they would like to receive as their payment package. It then gets to the human resources person who later gets a consultant and it works so well that the CEOs get what they had implied or what they think they deserve. This makes the CEOs be highly respected by their peers. The economics think that it would be very fair if all the people were paid the salaries that they think they deserve by the companies that they work for. Since paying the CEOs hefty amounts of money leaves the economists wondering what about the people who have impacted the CEOs lives and the teachers who taught them the basic math and even reading. This people do not make millions in a year but they have helped in the creation of who the CEOs are today and if given a chance every one of these people who have worked tirelessly would like to make millions as the CEOs do but it just can't happen. (Noah, September, 1991) The economists suggest that the society has been playing a significant role in allowing the CEOs get much more power than anyone else and they assume that they deserve the credit for building their million dollar companies. The CEOs however play an insignificant role in sustaining the companies and in most instances they do not have to make as many decisions as the board members do or as much work as the secretaries. All the actually do is simply watch and monitor the stock prices and clearly ensure that they are still earning at least a seven digit salary. The boards on the other hand have been made to accept the logic that the CEOs should be in the top half in their pay and if it is not so this leaves an implication to the to the general public

The benefits and challenges of globalization for both companies and Literature review

The benefits and challenges of globalization for both companies and national economies - Literature review Example Unlike in the past, today governments are promoting foreign competition and investment in the local economies. Globalization has had both positive and negative impact on businesses and national economies. While some companies and economies have hugely benefited from globalization, others have been on the receiving end. This paper is aimed at identifying the various benefits and challenges of globalization to both companies and national economies. Globalization has really made the world a small place and it is the businesses that have benefitted the most out of this. Globalization has opened new markets and opportunities for the companies. Globalization has increased the opportunity for revenue generation as companies can now establish business opportunities in foreign markets through subsidiaries and partnerships. They can even export goods and products to new markets outside of their domestic market increasing generation of revenue by manifold. Companies have access to resources that were earlier not accessible. Raw materials, skills, man power are now easily and cheaply accessible to companies from different counties. The resources which were either not present or expensive in the parent country can be now be accessed in other countries anywhere in the world. Cheap labor available in South Asian countries as a result of globalization is an example of this which many big companies in the developed countries in the west have effectively. China has transformed into a manufacturing hub for companies around the world due to cheap labor and friendly trade policies. Companies have markets across boundaries for their products and services. Access to new markets has opened greater opportunity for growth and expansion. Globalization has allowed companies to reach a wider audience and develop a larger customer base. Companies are no more handicapped by competing in a matured market. They can always find new markets and

HW 9 HUMAN RESOURCE Assignment Example | Topics and Well Written Essays - 500 words

HW 9 HUMAN RESOURCE - Assignment Example Many organizations have formulated the wage payment system based on the contribution of the result of the job to the common goal of the organization. Compensation policies of any organization must have provisions of timely review of payment structure in order to consolidate the resultant crises. This program of pay revision to wage earners is possible only with continuous interaction and awareness of their role in the organization. Broadbanding is a system of human resource management to administer the functions of employees of different departments under a particular appraisal system in order to facilitate easy formulation of payrolls. The salary ranges are consolidated into fewer pay ranges with higher difference between two adjacent levels of payment in this system with an intention to avoid overlap of payment ranges (p.435). This system of personnel management is beneficial to the organization as there are lots of chances of payment hikes without offers of promotion whereby expertise of the employee grows with his experience in the same field. Broadbanding may be considered to be on a competency based pay system. It alters the regular narrow salary ranges at different levels to extremely wide salary ranges for the most desirable employee. This system allows employees to choose a work of their interest and proficiency irrespective of the departments to which they are employed. Payment through broadband syst em ensures the participation of every employee in accomplishment of their skill set enhancement. Under the system of competency based compensation the skill set required by the employees of different fields is framed as a combination of works from various departments. While making a slab for payment at a broadband level, highly paid employees face a probable reduction in their pay because of the stipulation of their skill

Case senerio pathophysiology Essay Example | Topics and Well Written Essays - 1000 words

Case senerio pathophysiology - Essay Example Iron deficiency anemia results from a condition where the patient lose more red blood cells more than their bodies would manufacture. Ms. A’s menorrhagia and dysmenorrheal causes her to lose significant amount of blood which overrides the rate of red blood cell manufacture and as a result causing her iron deficiency anemia. Iron deficiency anemia affects women more than men and it represents the most common form or type of anemia. This illustrates that Ms. A is predisposed to this form of anemia. The pathophysiology of iron deficiency anemia is described in light of the situation where the body is unable to manufacture enough red blood cells because of insufficiency of iron in the body. The loss of blood by Ms. A during her menorrhagia and dysmenorrheal, causes a significant loss of iron from her body which leads to her anemia. The laboratory tests also indicate that Ms. A has below normal hematocrit, hemoglobin level and erythrocyte count which further indicates that she is m ost likely suffering from iron deficiency anemia. The loss of blood from the body also translates into an equivalent loss of iron. Women who experience heavy periods are an increased risk of iron deficiency anemia (Bostock 23). This is illustrated by Ms. ... Ms. A is adversely affected by the lack of sufficient oxygen because of her active participation in golf. This involves a need for adequate oxygen for metabolic activity. Because Ms. A is having her periods, it is evident that the loss of excess blood caused her to have less iron for the manufacture of hemoglobin which combines with oxygen and distributes it throughout the body. Ms. A’s condition is aggravated by the fact that the golf tournament is carried out in a higher altitude level where the amount of oxygen in much lower. This explains her symptoms such as shortness of breath and fatigue. The fatigue is caused by the inadequate metabolic activity in energy production which results from lack of sufficient oxygen in blood. Therefore in light of Ms. A’s symptom, medical history and laboratory tests, it is affirmative that she is suffering from iron deficiency anemia and therefore appropriate treatments should be started. Case Study 2 Making changes in lifestyle is t he most effective approach to care for Mr. P. This is motivated by the fact that Mr. P is having difficulties in adhering to the prescribed dietary restrictions. The changes in lifestyle will be the major objective for the care of this patient. This involves weight control, limit of the intake of salt, cholesterol and fat. In addition, the care for Mr. P will be aimed at ensuring that the amount of fluids that he takes is controlled and smoking and alcohol use restricted. Patients with symptoms of congestive heart failure must be motivated to make lifestyle changes which will allow them to reduce the worsening of their conditions (Philippe 252) In addition to dietary restrictions, patients with CHF symptoms

English Exam Assignment Example | Topics and Well Written Essays - 1000 words

English Exam - Assignment Example The book focuses on African- American relationship of Jim a young man who lives in the Mississippi river. One of the major concerns is the use of the word ‘nigger,’ which is disliked by most readers and critics. In estimation, the word appears 215 times making the book to be banned from most of the classrooms in United States. The writing styles, the themes, and the language are not fit for the book to be used in a classroom setting. A major concern is the type of language used and the nature of racial discrimination that is illustrated by these pieces of arts (Born to Trouble). The books and the movies show in details the origin of the word ‘nigger’ and how the blacks were mistreated, hanged, and killed while being called the name. Adventures of Huckleberry Finn book is important as a historic book drawing a clear line on the treatment of the blacks by the whites. The book is most important in the curriculum since it clearly speaks and brings out the issue of racial discrimination, racial language, racial inequality, and many racial concerns that most white Americans fear and always avoid. It is for this reason that most of the parents and critics advocate for its banning. Twain himself shows a greater understanding of racism (Classic Literature). From these pieces of art, immorality has been expressed which is one of the shortcomings that has embraced most of the cities and states in the US. For example, Twain’s phrases that clearly indicate that the book is both immoral and vulgar in the way it presents itself hence not fit for the society. Twain writes, "Those idiots in Concord are not a court of last resort and I am not disturbed by their moral gymnastics.† From the Simpson’s we also observe cases of immorality especially when Homer the Heretic decides not to go to church but watch TV while drinking waffle batters and loafs while wearing his underwear. In addition to this, women have been used as symbols of sex and are observed as objects for sexual gratitude. For example, in the episode, I love Lisa, Lisa give Ralph a valentine’s card and Ralph interprets this as Lisa being in love with him. In the book the Custom of the Country, Ralph also considers Undine a sexual object. This is also widely shown with Twain in his book in abusive ways. Women have also been portrayed as lonely and hopeless people in these pieces of art. This is evident when Undine in the book Custom of the Country becomes pregnant and later neglects her son. This is because she did not like her in-laws and therefore felt so lonely to an extent of neglecting her own son. On the other hand, the Simpson season 4, Aunt Selma believes that getting a baby is the only way, which is able to relieve her of her loneliness. Question 2 Mad men season 1 themes of immorality, corruption, lies, and deception can be compared to Wharton’s The Custom of the Country. Peggy is suffering from sexual harassment from her male c olleagues at work. Peggy sleeps with Pete Campbell on his bachelor’s party just the eve before he gets married who is her junior accounts manager. On the other hand, Don is cheating on her depressed wife Betty. Roger Sterling is also cheating on his wife Mona. All these are cases of immorality in season 1 of the mad men. In comparison to The Custom of the Country Undine although married engage in an affair with Peter Van

Islamic economy Essay Example | Topics and Well Written Essays - 1000 words

Islamic economy - Essay Example Throughout the Muslim nations, the comprehension was nothing was lawful about banks (Thomas 4). The modern setting of Islamic banking began in the 1960s in Egypt; nevertheless, this attempt was unfruitful and limited to certain contemporary setting. There were two events that triggered and spread the development of Islamic economy. The first event was the OPEC oil crisis as it was referred to in the west; however, unlike in the west, quotas and increased oil prices resulted in increased GDP per capita in the oil-producing Islamic nations. This resulted in increase of gross savings, consumption and most significantly demand for a banking system fit with Islamic regulations for devout Muslims. The second trigger was the Islamic revolution in Iran because it inspired the Iranian government to require a banking system that complies with Islamic sharia’a laws (Thomas 55). Recognition of non-western economic thought remedied the prevailing ignorance in the west regarding contributio n of Arab-Muslim thinkers in economics. Islamic economists criticized the assumptions upon which conventional economics based and their policies. Islam emphasizes communal responsibility and harmony of the Muslim nations or Muslim community. Islamic economists associated utilitarian to hedonism, which they considered as a replacement of the moral values. Unlike Marxist approach to remuneration that considers labor as a source of value; Islamic economists identify the legitimacy of rental income together with profits. With inbuilt deepness and breadth of Islamic commercial law, current jurists find realistic and hypothetical jurisprudence upon which to draw solution when confronted with disputes of the contemporary marketplace. The initial few decades of modern Islamic economy was a period of revival and the last decade has been an era of significant innovation. Modern Muslim jurist provide sharia’a-compliant solutions to the expanding spectrum of needs. Toward the end of the 1980s, the situation began to change with Islamic and banking and economy growing beyond the expectations of Islamic economy supporters. Since then, Islamic finance has become a growth industry with several multinational banks and asset management companies taking interest in the development of Islamic economy (Thomas 5). Within the banking and finance industry significant developments began with the significant reason being the progress made by Muslim jurisprudence to, understanding the modern business of commerce and applying sharia’a principles. An additional reason was the development of facilities by sharia’a boards with normal contracts allowing Islamic economies to be at ease with the novel organization. The renewal of Islamic commercial energy led to the development of cooperation and helpful interactions between Muslims and people with different religious backgrounds. Acceptance of sharia’a in Islamic economies does not lead to rejection of tools necess ary for economic analysis; rather, it implies evaluation of economic policy with moral perspective according to religious teachings (Thomas 8). Apart from oil and gas-rich states, many Muslim economies are either low or middle-income developing nations, where often

Hypnosis A personlised induction to hynosis will always be more Essay

Hypnosis A personlised induction to hynosis will always be more effective. ''Discuss'' - Essay Example Emotion should never be avoided because it will work on the individual's sub-conscience. The commands should be stressed and emotionally underlined and according to therapists, slight overacting works very well. Conceptual negatives are comprised with words like no, not, never, which are, traditionally not used it hypnosis scripts, can be used in personalised scripts in a very suggestive and forceful way, without conveying a negative meaning. "There is no need for you hesitate; you will find the entire experience exhilarating!" Four sense test increases the power of the suggestion by lengthening it. This only means decorating the expectations of the hypnotised person, by glorifying it. By creating a sensational visualisation, with powerful and persuasive approach the theorist can improve the impact tremendously. According to recent researches, hypnosis has the power to change the functioning of the brain, by using functional brain imaging, according to John Gruzlier. (http://www.newscientist.com/article/dn6385-hypnosis-really-changes-your-mind.html ) It has always been known that mind works differently while in hypnotised state and this proves the compliance theory wrong.