Intercultural Communication in the Business Context

f I created a book for effective communication for intercultural business negotiation. Intercultural communication in the business context is relative because of globalization; it has made the market available to many people as well as created a climate where business executives from all over the world are meeting face-to-face to establish joint ventures and negotiate contracts. It has also led to many countries being interdependent on the economy of the world as a whole, so effective communication in the business setting is very necessary as we have a more global economy. Business negotiators from different cultures may have different standards for business etiquettes. For example, the Chinese do not enjoy big gatherings on business meetings they just enjoy formally being welcomed which are different from western societies. Diversity among business cultures can frequently lead to confusion, misunderstandings, and failures in cross-cultural commercial endeavors. In the business secto r culture determines such dynamics as protocol, management, leadership, decision-making processes, and negotiation and conflict management. Business protocol involves forms of ceremony, etiquette, dress, and appropriate codes of conduct, and it is important to understand and follow the prevailing customs when conducting business in another culture. In international business the way you make initial contacts is very important. Which procedure you use to meet a client is directly related to theShow MoreRelatedIntercultural Communication in the Workforce1292 Words   |  6 PagesIntercultural Communication in the Workforce Today’s organizations are doing business more and more in a global context. The people that count in any business from the suppliers to clients to employees are increasingly based in remote locations in foreign countries. The need for effective and clear intercultural communication is becoming vital in securing success in today’s global workplace. Managers of global corporations need to understand the role of intercultural communication competence inRead MoreIntercultural Communication Is Important for an Effective Communicator1169 Words   |  5 PagesIntercultural Communication is Important For An Effective Communicator Qianya Zhuo Principle Practice of Human Communication 02/19/2011 In order to be an effective communicator, it is important that people should have a solid understanding of intercultural communication. The term intercultural communication is often used to refer to the wide range of communication issues that inevitably arise within an organization composed of individuals from a variety of religious,Read MoreSolving Intercultural Communication Problems1447 Words   |  6 Pages Sherwood Fleming s Intercultural Communication Insights . Home Services » CLEAR Method My Book Articles 50 Actions Glossary About QA Contact . Solving Intercultural Communication Problems You are here:Home  » Intercultural Communication  » Solving Intercultural Communication Problems intercultural comunication problemsAre you are a manager or leader of an intercultural team? Or do you work within an intercultural company? If so, are you experiencingRead MoreThe Importance Of Intercultural Communication1050 Words   |  5 PagesCommunication can be performed using different means, including languages such as English, where it has become preferable and prominent for both local and global interaction among people of different cultural backgrounds. The high demand in acquiring English for international politics, science and technology has led to the global spread of the language. Consequently, English is recognised as an international language, and its ownership is considered to be denationalised and renationalised. The understandingRead MoreThe Right Kind Of Care795 Words   |  4 PagesRight Kind of Care Cultural identities and our personalities affect our perceptions. There’s a tendency to favor others who exhibit cultural or personality traits that match up with our own. Effective communication with people of different cultures can be especially challenging. Intercultural communication occurs when a member from one culture produces a message that absorbed by a member of another culture. As stated by (Jandt, 2015), â€Å"human perception is usually thought of as a three-step process ofRead MoreCultural Dimensions Of Global Business Communications1644 Words   |  7 Pages Global Business Communications, which to equip students to communicate effectively as managers in a global environment. Through the module, I have learned the importance of intercultural communication. According to Guirdham (2011), ‘Communication can claim to be the most important single work activity’, in addition, interpersonal communication has as well as more important on individual works and team works. Due to culture is broad and profound, all we can touch is only a tip of the iceberg. InRead MoreIntercultural Communication And Interpersonal Communication844 Words   |  4 PagesIntercultural communication is defined as when people communicate with one another who have different cultures. They may differ because of their languages, beliefs, values, and behavioral characteristics (Bennett, 1998). The intercultural communication plays a key role in globalization. It will help organizations to have a long-term success if they can manage the cultural differences and i ntercultural cooperation effectively to conflicts. Increasing shared knowledge and dealing with miscommunicationRead MoreImpact Of Communication On Cross Cultural Communication911 Words   |  4 Pagesimpact effective communication thus companies need to train employees on cross-cultural communication. Companies not trained in cultural differences run the risk of ruining a business deal or relationship. Mukherjee and Ramos-Salazar (2014) mentioned, â€Å"The key to global business success depends on effective cross-cultural etiquette and global workforce diversity management† (p.18). Companies that understand differences between cultures have a competitive advantage over others. Communication is importantRead MoreCase Study : Brown Casual Shoes Inc.1320 Words   |  6 Pagespresident of Brown Casual Shoes and a team of senior company members travelled to Shanghai to negotiate the business proposal and experienced some cultural and communication issues that could potentially affect the business deal. This report will analyse these issues within the context of intercultural issues, intercultural verbal communication issues and intercultural nonverbal communication issues; provide a literature review of Hofstede’s Cultural Dimensions model; explain five key issues usingRead MoreThe World As A Culture Being By Edward Hall839 Words   |  4 Pages Beyond Culture examines on the importance of context and how man copes in the world as a culture being. Looking at the book from the first chapter to the eighth chapter one would realize that it explains culture from different perspectives ranging from man’s ethnical culture, to his organizational culture and his personal culture. In this book, Edward Hall uses his experiences to explain what frames the thinking and understanding of cultures outside the Western culture after having travelled the

Mgmt 591 - Life Styles Inventory Assignment - 930 Words

Life Styles Inventory Assignment Traya Ransom ransomtj@verizon.net MGMT591 – Leadership and Organizational Behavior Brett Gordon November 11, 2012 This paper discusses the content Life Styles Inventory (LSI) results for Traya Ransom. It identifies her primary, backup, and limiting thinking styles, the impact her personal styles have on her management style, and it also explains how she developed the personal styles that were reveled in her LSI. The LSI results are shown on page 5. Primary, Backup and Limiting Styles Traya’s primary style is Achievement, with a percentile score of 99. This thinking style describes a person who has confidence in their ability to improve situations and is not afraid to take action. They are able†¦show more content†¦Perfectionistic is Traya’s limiting style. The percentile score received for this style was 63. This style can cause stress because the perfectionist tends to feel as if they have to be more than they are. They also feel as though they have to prove themselves on a consistent basis. Perfectionists seldom have a true sense of accomplishment, because they feel that the end product of whatever task they are working on is never good enough. They also are startle themselves with how irritable and angry they can get. This style is a hindrance to Traya’s work atmosphere because she becomes easily irritated and can irritate others. If Traya could change one of the behaviors associated with being a perfectionist, it would be the te ndency to become easily irritated. If this could be eliminated, this would help created a more pleasant atmosphere. Impact Personal Styles Have on Management Style Traya is an effective manager in terms of the four functions of management, which include; planning, organizing, leading, and controlling. As an achiever she has the ability to effectively plan and problem solve as a manager. This also helps her to organize mass amounts of information. By having the Self-Actualizing style, she is an effective leader because of her confidence and high acceptance of self. Although the Perfectionist style can be view as negative, it also has a positive affect on her control of the employees and the organization. Explanation of Developed ofShow MoreRelatedMgmt 591 Final Exam Questions Essay6646 Words   |  27 PagesAll Situational Contingency Leadership Models * TCO H * Organizational Change * Planned Change Model * Resistance to Change * TCO I * Organizational Culture * Application of Organizational Change Inventory * TCO J * Goals * Departmental Structure * Organizational Structure Leadership amp; Organization Behavior Final Exam 1.  TCO A, B) Define organizational behavior and list the four emotional intelligence competencies thatRead MoreKkkkkkkkkkkkkkkkkkk6406 Words   |  26 PagesQuality Engineering Principles and Analysis 3 IOE 533/MFG 535 Human Motor Behavior and Engineering Systems 3 IOE/MFG 543 Scheduling 3 MECHENG 646 Mechanics of Human Movement 3 MO 501 Human Behavior and Organization 3 MKT 625 New Product and Innovative Mgmt 3 NRE 559 International Environmental Policy and Law 3 NRE 560 Behavior Environment 3 NRE 565 Principles for Sustainability 3 NRE 571/ECON 471 Environmental Economics 3 SI 519/PubPol 688 Intellectual Property Information Law 3 Other courses offeredRead MoreManaging Information Technology (7th Edition)239873 Words   |  960 PagesInsuraCorp CASE STUDY I-6 H.H. Gregg’s Appliances, Inc.: Deciding on a New Information Technology Platform CASE STUDY I-7 Midsouth Chamber of Commerce (B): Cleaning Up an Information Systems Debacle CASE STUDY II-1 Vendor-Managed Inventory at NIBCO CASE STUDY II-2 Real-Time Business Intelligence at Continental Airlines CASE STUDY II-3 Norfolk Southern Railway: The Business Intelligence Journey CASE STUDY II-4 Mining Data to Increase State Tax Revenues in California Read MoreProject Mgmt296381 Words   |  1186 Pagesof Project Management Body of Knowledge (PMBOK) Concepts to Text Topics Chapter 1 Modern Project Management Chapter 8 Scheduling resources and cost 1.2 Project defined 1.3 Project management defined 1.4 Projects and programs (.2) 2.1 The project life cycle (.2.3) App. G.1 The project manager App. G.7 Political and social environments F.1 Integration of project management processes [3.1] 6.5.2 Setting a schedule baseline [8.1.4] 6.5.3.1 Setting a resource schedule 6.5.2.4 Resource leveling 7.2 Setting

Essay on Hurricane Katrina Two Disasters - 2020 Words

Hurricane Katrina: Two Disasters From the Frontline Film, The Old Man and The Storm, the life of Herbert Gettridge was followed after he returned to the 9th Ward of New Orleans to rebuild his home after it was destroyed in Hurricane Katrina on August 29, 2005. After Hurricane Katrina, 500,000 families were displaced, 200,000 homes were destroyed, and 600 congregations were demolished (The Old Man and The Storm). This was a natural disaster of monumental proportions. Ironically though, a mock scenario was created by Louisiana State University’s Center for the Study of Public Health: Impacts of Hurricanes and FEMA, called Hurricane Pam in July of 2004. An artificial disaster was created during a ten day exercise held at the State Emergency†¦show more content†¦The lack of response by the various governmental agencies turned this natural disaster into a blame game that still exists almost five years later. The unpreparedness of governmental agencies on the local, state a nd federal levels was inexcusable because of the mock disaster of Hurricane Pam that had just been performed a year earlier in 2004. After the hurricane there was an inadequate or unnatural response from all levels of government. The agencies like the Red Cross, Congregations from many neighboring states, and the Army Reserve were quick to respond to the aftermath of Hurricane Katrina. By the end of the 2005 – 2006 hurricane season the Army Reserve had saved hundreds of storm victims, flown 665 hours in 38 days, transported more than 2,000 urban search and rescue team members, and placed more than 10.4 million pounds of reconstruction materials in breached levees (Lambert). It seemed to be taking other governmental agencies longer to respond. Local government was doing what they could but a political battle was brewing between New Orleans Mayor Ray Nagin and Governor Kathleen Blanco. Eleven months after the Hurricane devastated Louisiana, the Governor was given 4.2 billion dollars from the Federal government but why did it take so long? Governor Blanco’s career was eventually destroyed as part of the blame game of whose fault this inadequate response to the storm reallyShow MoreRelatedShift Of Emphasis From Racism1180 Words   |  5 PagesShift of Emphasis From Classism to Racism Disasters often present to a society the opportunity for self-examination by stripping away the facade and revealing the underlying problems and inequities that were overlooked and oppressed by the established social order. When Hurricane Katrina hit New Orleans, not only did it bring about complete destruction to the physical landscape, but it also brought to light the social inequalities and vulnerabilities that were present and deeply rooted in theRead MoreDisaster Management Of The Hurricane Katrina Essay1596 Words   |  7 PagesUnit 3 DB 1 Disaster Management Introduction In today’s world, there has been one disaster or another, and hurricanes are one of those disasters that always happens. But, for one reason or another we are never prepared or understand the danger of any type of hurricane over a category one. Most of us have been through many hurricanes, like this learner who has lived in Miami, Fla. for over 30 years, and experienced her last hurricane which was Hurricane Andrew. Warnings are always given, first respondersRead MoreUnnatural Disasters: Thinking about Natural Disasters in a Sociological Way1731 Words   |  7 PagesAugust 23rd, 2005; Hurricane Katrina, formed over the Bahamas, hitting landfall in Florida. By the 29th, on its third landfall it hit and devastated the city of New Orleans, becoming the deadliest hurricane of the 2005 season and, one of the five worst hurricanes to hit land in the history of the United States. Taking a look at the years leading to Katrina, preventative actions, racial and class inequalities and government, all of this could have been prevented. As presented in the newspaper articleRead MoreHurricane Katrin A Devastating Storm1576 Words   |  7 PagesHurricane Katrina was a devastating storm that ravaged New Orleans, but it was more than just a natural disaster. The general public and even some top officials are quick to dismiss this great storm as an inevitable force of mother nature as if it was just another hurricane of the season. In doing so, they subscribe to a mindset that is actually a disservice to those who suffered Hurricane Katrina’s wrath. A myriad of publications like Come Hell or High Water, Overcoming Katrina, and There is NoRead MoreHurricane Devastation Of Hurricane Katrina762 Words   |  4 PagesHurricane Katrina Scandal Without doubt, Hurricane Katrina has been the major catastrophe of the century suffered in the United States. The category 5 hurricane which at first was on course to hit Florida drifted into the Gulf of Mexico taking a direct route to New Orleans. On his way, the hurricane left hundreds of dead, affected hundreds of thousands and left billions of dollars in damage. The largest number of deaths occurred in New Orleans where the hurricane hit the hardest and which was floodedRead MoreUnited States Government Response to Hurricane Katrina: Where Does the Blame Belong?1645 Words   |  7 Pagesaffect or interfere with decisions.† Many accuse the United States’ national government of minimal and slow actions taken after the tragedy of Hurricane Katrina, while others share the blame of this response. Local, state, and national government response will be discussed, focusing on the government’s interaction after the strike of Hurricane Katrina. Katrina hit New Orleans, Louisiana on August 29th, 2005, but the failure of the local government started before this day â€Å"by allowing building and growingRead MoreHurricanes and Earthquakes1652 Words   |  7 PagesHurricanes and earthquakes are two of the most dangerous natural disasters in the United States. They can be very disastrous and deadly. In the United States, there have been 73 hurricanes since 1954. Earthquakes are harder to detect because they have to have at least a magnitude of 5 (Earthquakes per year, 2009). The amount of earthquakes detected in the United States was 1656 in the past 10 years (Earthquakes per year, 2009). The World Meteorological Organization is the organization that canRead MoreHurricane Katrina778 Words   |  4 PagesDatrel Johnson Professor Peter Johnson Geography 101 25 August 2013 Describe Hurricane Katrina Beginning in the 1950s, the United States have witnessed two Category Five Storms and seven Category Four Storms naming Hurricane Katrina as one of the most deadly Category Four hurricanes to hit the Gulf Coast. On August 29, 2005, Hurricane Katrina dismantled several sections of the levee which caused it to collapse. The storm then breeched the New Orleans’ levee system allowing Lake PonchartrainRead MoreHurricane Katrin A Horrific Day For The City Of New Orleans1605 Words   |  7 PagesAugust 29, 2005, was a horrific day for the city of New Orleans. That day was when the deadly storm Hurricane Katrina hit the city of New Orleans. It was one of the worst hurricanes in the United States history. On August 28, 2005, Katrina was upgraded to a category five hurricane, which is the worst category that a hurricane can be named. A category five hurricane means catastrophic damage will occur since the wind was going 157 miles per hour or higher. Ray Nagin the mayor of New Orlean s calledRead MoreDisaster Management : Disasters And Disasters1565 Words   |  7 PagesDisaster Management Introduction In today’s world, there has been one disaster or another, and hurricanes are one of those disasters that always happens. But, for one reason or another we are never prepared or understand the danger of any type of hurricane over a category one. Most of us have been through many hurricanes, like this learner has when lived in Miami, Fla for over 30 years, and the last hurricane she experience was hurricane Andrew. Warnings are always given, first responders are trained

The Death Penalty Is Justified - 1603 Words

THE DEATH PENALTY Many nations have criminals to punish, but what’s changing is how they punish their criminals. Most countries, even some states, have come to the realization that the death penalty is an unfair, inhumane, unconstitutional, and irreversible punishment that’s much too severe and is an unfit punishment for a fair and just society. Internationally, the U.S. ranks fifth in terms of the number of prisoners put to death, putting America in such ill-esteemed company as the regimes of China, Iran, North Korea, and Yemen. Not only is the death penalty wrong, but also it’s unfair to. Each state has their own laws when it comes to the death penalty, some states don’t even have the death penalty as an option anymore. If we’re going to have a death penalty it should be a national law and have national requirements for such a punishment, instead of individual state laws that differ in each state. So, what happens to a criminal who commits a murder in a state that doesn’t have the death penalty? Absolutely nothing, I mean he or she will go to prison for a long time, maybe even for life, but they won’t, they can’t get the death penalty. But if the criminal did the crime just a state over he or she might be facing a lethal injection for their crime. Even a worm can see the unfairness in that. The states that have abolished the death penalty are definitely on the right track. Instead of killing the criminal, these states sentence them to life imprisonmentShow MoreRelatedIs the Death Penalty Justified?1824 Words   |  8 PagesIs the Death Penalty Justified? Jessica Valentine PHI 103 Informal Logic Professor Stephen Carter March 20, 2012 Is the Death Penalty Justified? The death penalty will always be a topic some people refuse to talk about. When in fact, it is a very serious topic and people should know how and why the death penalty is not justified. I believe the death penalty is not justified in the least bit because there are people sitting up in prison just living life because the state does not want toRead MoreIs Death Penalty Justified?995 Words   |  4 Pages995 Is Death Penalty Justified? Death penalty is the capital punishment given to the person where a person is put to death who has done crime or involved in a crime. It is for those people who is doing the crime intentionally. It is given by the government to the traitors, murderer and so on. The sentence is vindicated by the type of offense committed. There are certain conditions where a death penalty can be correct and should be consider Justified by the government. The death penalty guaranteesRead MoreThe Death Penalty Is Justified1534 Words   |  7 Pagesit is ethical to kill a convicted criminal. People who oppose the death penalty often argue mistaken identity and wrongful conviction. They argue that long-term imprisonment is the better course of action, because it allows for the possibility that if a mistake was made in the conviction of a suspect, they would be able to correct it without ending the life of an innocent person. They also state that the threat of the death penalty is not a deterrent and people will commit crimes regardless, as oftenRead MoreThe Death Penalty Is Justified1346 Words   |  6 Pagespast and recent years, the death penalty has remained a huge debate between individuals that agree or disagree whether the death penalty is justifiable punishment or not. Is capital punishment truly a justified and powerful approach to the violations of specific prisoners? Many individuals believe that having the death penalty is cruel and inhumane. Others believe that people who commit such heinous crimes should be punished with the death penalty. Instilling the death penalty is the same as saying â€Å"eyeRead MoreThe Death Penalty Is Justified1828 Words   |  8 PagesThe Death Penalty Daniel Heydari Professor Sheldon Philosophy 262-0 12 October 2015 1.) The author of this letter, submitted to the New York Times, claims that the death penalty is wholly and morally justified, seeing as its existence results in the lessening of violent deaths and gun use due to the perpetrator’s fear of killing a person in haste and thus being given the death penalty. 2.) The author argues his claim of the death penalty being justified as a means of punishment for violent crimesRead MoreThe Death Penalty Is Justified923 Words   |  4 Pagespilots who also had to bomb innocents to win the war,† (Gorman). More recently, a common trend has been the disapproval of the death penalty, exhibited by the thirteen percent drop in the number of people on death row since Spring of 2005 (Death Penalty Info. Center). Life without parole has become the preferred sentence of unavoidable capital punishment. The death penalty has frequently been viewed as inhumane. However, isn’t lack of remorse for such vile acts inhumane? In cases of intentional murderRead MoreThe Death Penalty Is Justified1143 Words   |  5 PagesAllison Shu 2/25/16 Period 2 Objective paper on the death penalty Capital punishment is legally authorized killing as punishment for a crime. The death penalty questions the morality of killing a person as justification for their crime. It also brings to question whether the death penalty actually serves as a deterrent for crime, and that some of the people executed are found innocent afterwards. The debates over the constitutionality of the death penalty and whether capital punishment should be usedRead MoreThe Death Penalty Is Justified995 Words   |  4 PagesThe Death penalty has been a controversial topic for many years and recently the debate about it has been getting bigger and bigger to where at some point soon a decision will have to be made. Many people will disagree with the death penalty because it goes against their moral beliefs, this is thought process is seen more in the northern states. However, here in the south the death penalty is strongly believed in by most, but who is put to death and why? Did they deserve this sentence or were theyRead MoreThe Death Penalty Is Justified858 Words   |  4 PagesSince the foundation of our nation the Death Penalty has been a way to punish prisoners that have committed heinous crimes, however since the turn of the 20th century the practice of Capital Punishment has been questioned on its usage in America and the world as a whole. The Death Penalty is used in America to punish criminals who have committed murders, or taken the life of an innocent person, and while the death penalty seems like it is doing justice to those who have killed others it is actuallyRead MoreThe Death Penalty Is Justified1463 Words   |  6 PagesIn many eyes across the country the death penalty is widely criticized. The state of Texas has the death penalty, whereas nineteen other states in the United States do not including the state Maine. The death penalty is a way for the states to declare that they don’t tolerate the heinous crimes that some individuals commit. In Texas there are nu merous ways that one could be sentenced to death row. Murdering a police officer or firefighter in the line of duty and if the individual knowing that they

Comparing Economies Free Essays

To see how well a country has developed, people mainly judge by the total GDP value, there are also many type of indicator, such as the HDI, number of mobile per person etc. In this essay I have mentioned 3 countries- Kenya, Hong Kong and UK, to see how they have developed in the past 10years and what is the problem that hinder its improvement. Kenya is a tropical country which lies on the equator. We will write a custom essay sample on Comparing Economies or any similar topic only for you Order Now Agriculture and tourism are two of the most flourish industries, they bring the country with the major part of income. 5% of the Kenya population made their living by taking part in the primary production, but their income can merely support the cost of living of the whole family. In 2008, total nominal GDP was $30. 2 billion and $857 for GDP per capita. With exchange rate considered, the total GDP in Purchasing Power Parity was $60. 4 billion. Human Development Index of Kenya in the year of 2006 was only 0. 491, which stated an extremely low civilised level in this country, people could not receive proper education and the life expectancy were comparatively low.Unemployment rate reached 40% in 2009; the main cause is the increasing population. Economic reform and liberalization began to carry out in the early 90s. Kenya government undertook a series of economic measures with the assistance from the World Bank and the International Monetary Fund. However, in the 2000, the bad weather condition made the economy to slow down. Furthermore, as the government didn’t carry out action to meet the commitment, the IMF and World Bank refused to give financial support. The Kenya Economy was in a depression at that age.The situation was slightly improved in the next few years when the new president Kibaki took up the post. Various economic reforms were put into practice and had finally resumed the cooperation. In the recent years, Kenya government has been more ambitious. The annual growth rate keep on increasing from the 2005, they are now in a growth by encouraging agricultural production and more public and foreign investment. Kenya developed quite a lot in the past 10 years as the government began to made use of the natural resources and even further expand them.Besides, they started to sign partnership arrangement with other country to gain more trading opportunities, like the oil exploration contract with China in 2006 which was series of deals designed to keep Africa’s natural resources flowing out. Hong Kong is autonomous capitalist region of China, it is known as the Global Metropolitan and International Financial Centre. The composition of Hong Kong GDP is special, re-export contributed a lot to the figure by distributing the imported goods mainly from the China to the rest of the world. Nominal GDP of Hong Kong in 2008 was $223. 7 billion and $31,849. In terms of PPP, the figure was $293. billion and $44,413 respectively. Hong Kong managed to be one of the top 10 countries by GDP at PPP per capita. HK also ranked the 22nd in the year 2008 on the HDI table. It has an index of 0. 942 in 2006, which shows it did well on life expectancy, literacy, educational attainment and GDP per capita. All of these indicators show that people in Hong Kong enjoy a high living standard. Unemployment rate in the end of 2008 was only 3. 8% that was quite low when comparing with rest of the world. Most population in Hong Kong is employed in the tertiary production, like retails and tourism, thus largest part of the GDP.Primary and secondary productions only take up a tiny proportion, due to the limitation of resources and high running cost. Stock Exchange in Hong Kong is also world famous, because of the free market economy and low taxation system. The government adopted a passive attitude towards the industry; power is left to the market forces and the private sector. This policy attracts a huge inflow of foreign investment to the local market. From the late 90s onwards, with a rapidly growing Mainland China as its hinterland, the paramount location enables it to serve as a point of entry for investment flowing into the mainland.The China and Hong Kong Closer Economic Partnership Arrangement signed on 2003 ensured favorable trade and investment co-operation for both sides and promote joint development; it helped to gain enterprises and investors faith in the local market. However, Hong Kong’s inflation rate is markedly varying in the past 10 years, the challenges of economic globalisation from China and the outbreak of SARS led to a deflation from ’99 to ’04. The situation was soon improved afterwards.The problem which hinders HK development is the lack of raw resources, so the volume of import is huge which lower the value of GDP and even held back the development of other aspects. The total output of HK is over-relied on th e tertiary production, especially the financial market. When there was once a financial crisis, the whole economy fall into a distress. United Kingdom is the sixth largest economy in the world and the third largest in Europe. Nominal GDP of this country in 2008 was $2. 7 trillion and $43,785 per capita; $2. 2 trillion and $36,523 respectively when expressed in PPP. Its HDI calculated in 2006 was 0. 42, which ranked just above Hong Kong; this additionally shows the high literacy rate and long expectancy. There was 7. 6% of the work force in UK was unemployed in July 2009. And a Gini coefficient of 36 shows the inequality of income and wealth, although more resources are held by the rich, the problem is not so serious. UK was a strong country ever since the Industrial Revolution started, yet it began to lose its competitiveness in the 20th century when other countries also develop. The role in the global economy of UK became more stable at the start of 21st century, due to the huge GDP and the influential power on finance of London.Services industry is now the major sector in UK, it makes up more than 70% of the GDP. Like Hong Kong, financial services and tourism are the dominant part of the whole country. The country capital- London is an international business centre, which also has the world’s largest Stock Exchange transactions. After a recession, UK had achieved a growth in every year from the late 90s until the year 2007. The UK managed to maintain a strongest economy between all European countries, both on interest rate, inflation and unemployment.The boom is then ended because of the global financial crisis and the rising commodity prices as well, the UK economy was seriously harmed. Many companies and even banks failed and became nationalised, this also bought the country with a deficit in finished goods and commodities. The UK is still facing a hard time now, the GDP for 2009 is forecasted to decline by 3. 8%, the negative growth may continue until early 2010. The UK economy was already well developed, so the government should undertake fiscal policies to modify the market and improve the efficiency. How to cite Comparing Economies, Papers

Performance and Rewards Management Samples for Students †MyAssignme

Question: Discuss about the Performance and Rewards Management. Answer: Summary of what was done As part of the weeks work, I learnt various issues based on determining the structure of a remuneration and performance system, with regards to person and job consideration. It also focuses on determining the structure of a remuneration and performance system, with regards to external considerations, including legislation. The reflection also explores the benefits, recognition schemes, as well as individual rewards. In my view, the areas identified forms that major part of performance and rewards systems in an organization. Basically, rewards systems comprise of systems such as monetary payments and working conditions that employees, seem to receive as part of their jobs. New Learning I learnt about the structure of remuneration and performance system that emphasize on person and job considerations. Essentially, organizations usually deploy skilled based pay or competency-based pay. Basically, a skilled based pay refers to employee compensation system whereby workers are rewarded with additional pay in exchange of their skills, competencies, or expertise. It is an acquired and observable skill and expertise that an individual has to be able to perform a particular task. I learnt that in the skill-based systems, workers will be eligible for additional pay after showing their skills, knowledge, and the competencies, which will be rewarded by the system (Boyett Boyett 2004, p. 4). Therefore, I agree with the view that designing a skill based pay cannot be achieved by imitating another system. However, much can be learned by exploring what has been achieved by other organizations and a better understanding of the variables and principles that are fundamental in the design of a skill based pay system. The main reason why organizations implement the skill based system is to promote learning. However, it should be noted that it is not the only approach that is available to compensate workers, but the best approach to promote organizational learning. Therefore, skill based pay differs from other employee pay systems, because it focuses on the skills and differences in a system of rates of pay, especially for all categories of workers. A such, it is person based pay which rewards a person on merit, and the pay progression is directly linked to individual skills and competencies. I leant that to design a skilled based pay, the system should be underpinned for various opportunities that are available to employees for training, which is very important for an organization. Thus, when introducing a skilled based pay, there are several steps that must be followed with several issues to be addressed (Canavan 2008, p. 22). The most important step is to ensure that the skills requirement is available. In addition, resources must also be available for the system to succeed. Further, individual jobs should be categorized in families on the basis of the similarity in the skills needs. In addition, the skills in each family should be able to perform the jobs that should be analyzed. Further, a process should be developed to describe, certify, and value the skills, and price them. The process should be assessed, accredited, and eventually reward workers for their skills. The other fundamental aspect I learnt is what consider when designing a skill based pay system is its implementation. Therefore, when designing a specific implementation plan, it is necessary to involve communication will all stakeholders and focus on the implementation plan. However, the main benefit of the system is that it increases the average hourly rates. On the other hand, the skilled based system results into lower labor costs. Therefore, it is very critical for businesses to consider adopting the skilled based system and whether better results will be more likely. The other approach that is used by organizations to reward employees is the competency based pay. Basically, firms prefer to use the competency based pay approach based on the skills, as well as experiences in the workplace (Adams 2010, p. 17. It is a structure that is deployed to motivate workers to get inspired, and develop on their skills and competencies and also to apply them, based on the job position or title (Homan 2009, p. 290). It is an important pay structure because the motivated get promotions from their current positions. However, it is necessary to note that the employees are not paid based on the virtue of the positions they hold in the organization, but rather because of their competency. Thus, a competency base structure can be developed for any organizational level, or a specific job role or function or for the entire organization. However, when an organization is going to reward workers for a particular competency, then it must have a measure of such employee comp etencies (Suff 2011, p. 2). Thus, there are several factors that have t be taken into consideration when an organization seeks to fully integrate a competency based pay. It is necessary to have employee performance appraisal process and manager should be trained and be ready to measure the competencies. In addition, the staff should be made aware of the requirements and show them, with regards to their performance appraisals. Notably, competency based systems are determined by performance indicators, and should be quantified through employee interviews or surveys. The system is beneficial because it enables employees to develop their skills on the basis of their experiences and competencies. However, the drawback is that the system is not easy to manage, especially the expectations of the employees. Personal Reflection This is an important area on employee rewards system is remuneration, governance, and the gender executive pay gap in organizations. Thus, the week five discussion focuses on the regulated remuneration cycle, key aspects of the regulatory framework. It also focused on the gender pay gap, relevant legislation to deal with pay inequity, as well as the key findings from the 2016 workplace gender equality agency. Basically, remuneration practice is the actual practice of companies and individual executives in relation to remuneration. It comprise of setting the organizational remuneration policy, writing the remuneration contract, execution of the contract, as well as the final termination of the contract. Basically, remuneration policies are very critical to the delivery of an organizations business strategy and to motivate and mobilize staff to achieve the valued organizational goals. Remuneration plays a fundamental role in increasing the demand for skilled labor. Further remuneration policies used by organizations, are perceived to have a sustained competitive advantage as it makes key employees to keep working in their workplaces, hence reducing employment costs (Amabile 2005, p. 128). I understood that a remuneration disclosure is conducted annually through a remuneration report together with adhoc disclosures that are related ro the remuneration such as company loans. On the other hand, engagement remuneration is that which occurs between the company and the shareholders in remuneration. On the other hand, voting on remuneration refers to the annual advisory vote on organizations remuneration report combined with all kinds of remuneration, as well as related resolutions (Altonji Rebecca 2014, p. 3147). However, with regards to all aspects of remuneration, it is a fundamental aspect, that is used to define employees standards of living. It involves the salaries, benefits, as well as other perks, that are used by organizations to govern the decisions that individuals make (Andrews George 2009, p. 500). In my view, remuneration is important to employees, since it is considered as one of the significant costs they face. Further, remunerations are a major considerat ion for employees to run an effective organization. I also learnt that the key aspects of the organizations remuneration framework. In essence, there are four activities that are involved in the remuneration cycle. These comprise of the remuneration practice, engagement, and voting (Barber Terrance 2008, p. 267). Apparently, it is necessary to understand that each of these activities is regulated to some extent. In addition, there are specific rules that are used in the regulation of the activities and to facilitate the rules. However, there are certain rules that are mandatory whereas others are considered to be voluntary with different consequences attached to them. In order to engage in the best organizational practices, there are certain regulations that govern corporations, which seeks to regulate key aspects of executive remuneration. As such, the main aim of the regulations is to provide disclosure to the executive compensation through listed firms, which form part of the financial reporting process (Barnard 2010, p. 14). In a ddition, it is also necessary to note that the legislation may also specify the duties of the executives, which may be owed to them in common law and equity. The other interesting part discussed during the course is leadership in the private sector (Ledford 2008). As a matter of fact, women represent a higher percentage of degree qualified workers. I understood that the current trends show that women represent a very small percentage of the MBA graduated. However, the number of female CEO;s in the private sector is relatively small. As a matter of fact, top women CEOs is an area that has received very little attention, because the areas has been understudied (Barney 2009, p. 1234). As a matter of fact, women participation in the seniormanagement positions may have a downside, because they tend to be less effective or simply dislike the competitive environments, such as those that are most likely found in the executive suite of many organizations. Some researchers also believe that diversity may also contribute to the diversity of opinion as a result of political or social pressure (Barney 2006, p. 100). In my view, in a competitive and efficient labor market environment, it is important to ensure that the right individuals always get the right position, which suggests that the participation of women in executive jobs would not have any observable effect. As such, this has been attributed to the gender pay gap, which is usually caused by various factors. For instance, in most organizations, mentoring is considered to more critical for the female progressions compared especially in terms of building leadership and self confidence (Barney Edward 2005, p. 4). I support the view that women also still require to move more often to obtain promotion status but should have to wait for some considerable duration in order to be promoted. Therefore, in order to deal with the gender gap, it is necessary to focus on gender pay equity, which is a situation where both men and women receive equal pay based on their work. In real terms, the gender pay equity ensure that men and women performing the same tasks are paid equally. In my view, employee benefits focused on understanding the requirements the requirements for a sound plan. In my view employee benefits is becoming more important for organizations, especially with regards to compensation. However, based on many sources reviewed, many organizations differ significantly in what they include in their definition or employee benefits (Rosenbloom 2005, p. 11). For instance, some of the definitions focus on legally required benefits whereas others are voluntary (Mannion, 2004, p. 6). Nonetheless, the variations in the definition do not provide an organization with the best way to define employee benefits. In the lecture discussion, I observed that the underlying nature of employee benefits comprise of employee retention, satisfaction, and wellbeing. In addition, it also focuses on diversitymanagement and legal compliance, as well as employee engagement or commitment (United States United States 2008, p. 12). In general terms, employee benefits comprise of the monetary rewards, which are not paid directly to the employees, but may also comprise of other non-financial rewards, such as having an office with good furnishings (Beam MacFadden 2001, p. 7). However, the right combinations of employee benefits can enable a company to achieve its strategic objectives. Action to be Taken As a result of the lessons leant, I will be able to use my knowledge provides to provide better employee rewards and compensation, covering remuneration and employee benefits. I believe that when organizations put in place the best mechanisms and implement the most sound pay, remuneration, as well as employee benefits, they will be satisfied and in the long run contribute to the success of the organization. Learning Style I found that the issues leant in the course and the theories on performance and rewardsmanagement are vital to business and will do my best to implement them at the work place. In addition, I wish that the topic of performance and rewardsmanagement should be discussed both in class at organizational meeting. In general, this is a very interesting topic. References Adams K 2010, Re-thinking competency-based pay: ICL, Competency Emotional Intelligence Quarterly, Vol. 6, No. 1, pp. 16-19. Altonji, J G Rebecca M. B 2014, Race and Gender in the Labor Market, in Handbook of Labor Economics, Vol. 3c, Orley Ashenfelter and David Card (Eds), Amsterdam: North Holland, pp. 3143-3259. Amabile, T M 2005, A Model of Creativity and Innovation in Organizations, in Research in Organizational Behavior, Barry M. Staw and L. L. Cummings (Eds), JAI Press, pp. 123-167. Andrews, FM George F F 2009, Supervisory Practices and Innovation in Scientific Teams, Personnel Psychology, pp. 497-515. Barber, B M Terrance O, 2008Boys Will Be Boys: Gender, Overconfidence, and Common Stock Investment, Quarterly Journal of Economics, 116 (1), pp. 261- 292. Barnard, C I 2010, The Functions of the Executive, Harvard University Press, Cambridge. Barney, J 2009,Organizational Culture: Can It Be a Source of Sustained Competitive Advantage?, Academy of Management Review, 11 (3), pp. 656-665. Barney, J 2007 Strategic Factor Markets: Expectations, Luck, and Business Strategy, Management Science, 32 (10), pp. 1231-1241. Barney, J B Edward J Z 2005 Competitive Organizational Behavior: Towards an Organizationally-Based Theory of Competitive Advantage, Strategic Management Journal, 15, pp. 5-9. Barney, J, 2006, Firm Resources and Sustained Competitive Advantage, Journal of Management, 17 (1), pp. 99-120. Beam, B. T., MacFadden, J. J 2001,Employee benefits. Chicago, Ill: Real Estate Education Co. Boyett, J.H., Boyett, J.T. 2004, The Skills Based Pay Design Manual. Lincoln NE: ASJA Press. Canavan, J 2008, Overcoming the challenge of aligning skill?based pay levels to the external market. WorldatWork Journal, 17(1), 18?25. Homan G2009, Skills and competency-based pay, Strategic Reward Systems, Thorpe and Homan (eds), pp. 287-301 Ledford, G 2008, Factors Affecting the Long?term Success of Skill?based Pay. WorldatWork Journal, 17(1), 6?17. Mannion, L. P. 2004,Employee assistance programs: What works and what doesn't. Westport, Conn: Praeger. Rosenbloom, J. S 2005,The handbook of employee benefits: Design, funding, and administration. New York: McGraw-Hill. Suff P 2011, The new reward agenda, IRS Management Review 22, July. United States. United States 2008,Occupational Outlook Handbook, 2009. New York: Skyhorse Publishing.

Culture of Great Britain - Main Information free essay sample

The English, symbol: the red rose, Patron Saint: St. George, Saint’s day: April 23rd. | Scotland: flag: white diagonal cross on the blue ground, capital: Edinburgh, the people: The Scots, symbol: the thistle, Patron Saint: St. Andrew, Saint’s day: November 30th. | Wales:- flag: red dragon on the white-green ground, capital: Cardiff, the people: The Welsh, symbol: the leek and the daffodil, Patron Saint: St. David,- Saint’s day: March 1st. | Northern Ireland: flag: red diagonal cross on the white ground, capital: Belfast, the people: The Irish, symbol: the shamrock and the harp, Patron Saint: St. Patrick, Saint’s day: March 17th. | Shetland Islands gt; 80 km the north-east of Orkneys Orkneys Islands gt; the north of Scotland Hebrides Islands gt; the west coast of Scotland Isle Of Man gt; between England and Scotland John O’Groat’s gt; the northest point in Great Britain Land’s End gt; the southest point in Great Britain LOCH LOMOND – the largest lake in Scotland BEN NEVIS – the highest mountain in Scotland and also in Britain LOCH NESS – also Scottish lake CLAN – type of Scottish family group (each clan has different pattern of kilt) Mc/Mac – it means â€Å"son of†¦Ã¢â‚¬ ; Scots names begin in this way. HADRIAN’S WALL – Roman building across a whole country – it means Scotland; border between England and Scotland. Highland Games: * it lasts May to September, * it is like Scottish Olympics, * there are hundred games, * the most important game is Braemar Gathering, because the royal family watches this kind of game, * the place where the queen stays to watch this kind of game is Balmoral Castle, * another games: tug of war, highland fling and sword dance which are dance competition. The Scotland is famous for: * kilt made of tartan, * bagpipe (musical, Scottish instrument), * Mc/Mac. The Union Flag – or Union Jack – the emblems that appear on this flag are the crosses of three patron saints: the red cross of St George, for England, on a white ground, the white diagonal cross of St Andrew, for Scotland, on a blue ground, the red diagonal cross attributed to St Patrick, for Ireland, on a white ground. Regions of Scotland: Northern Highlands, Central Lowlands, Southern Uplands. The Highlands: clan,- Mac/Mc,- kilt made of tartan,- Ben Nevis,- Loch Lomond,- Loch Ness,- tourism, fishing as main activities,- Highland Games,- Balmoral Castle. Southern Uplands:- Hadrian’s Wall. | Central Lowlands: Edinburgh gt; governmental, cultural, commercial, financial city: * Royal Mile (very historical street between the Palace of Holyrood House and Edinburgh Castle), * the Palace of Holyrood House (official residence where queen lives), * Edinburgh Castle (royal residence before England and Scotland were united), Glasgow gt; industrial centre: ship bui lding, ship repairing; heavy industrial: * the River Clyde (connects the Glasgow with sea), Burn’s cottage, Dundee gt; heavy industrial city; fishing, Aberdeen gt; the main port of transport, the centre connected with oil. The Strait of Dover gt; 20 miles (32 km) The Channel Islands and The Isle Of Man gt; crown dependent territories; queen is the head of these territories and British government is responsible for defence for them; they have own Parliament, tax system and government. Hebrides gt; now they belong to Scotland, but at the beginning they belonged to Scandinavia. The Shetland Islands and the Orkney Islands gt; in 15th century these islands were given from Norway to Scotland without fight; Norway princess got married with English king. | The UK constitution is formed by: Acts of Parliament,- Common Law (decisions made by judges which is repeated by people ),- convention (something should be done by President). Function of Parliament:- to pass laws,- to provide money for the government (through taxes),- to control the work of the government,- to examine detail government policy,- to debate major political issues. | The House of Commons: is made up 650 elected members, each of whom on one area, they are elected at: * general election (every 4 years – whole country), * by-election (when MP represent resign or goes to House of Lords), the SPEAKER gt; the chief officer (the most important person) in the House of Commons: * he keeps order, he supervises voting (he gives announcement after voting – he talks who voted against or for), * he announces the results (he doesn’t usually vote, only when there is the same number against and for), the Speaker has the Clerk of House whose helps him, session: one session last one year gt; from October to November next year (everything has to be done), meeting: Monday-Thursday (2:30 p. m. – 10:30 p. m. ), Friday (9:30 a. m. – 3:30 p. m. ). The House of Lords consist of: the CHANCELLOR gt; it is important person in this House; he is responsible for courts’ LORD SPEAKER gt; the most important person in this House but not as powerful as the Speaker in House of Commons; he can vote like another members, he cannot stop discussion and he hasn’t any influence for it, LEADER OF THE HOUSE OF LORDS gt; he is responsible for administration, LORDS SPIRITUAL gt; 2 Archbishops of Cantenbury and York and 24 bishops of England, LORDS TEMPORAL gt; hereditary peers (Earl of Marshal who organizes ceremonies; Lord Great Chamberlan who is responsible for the Westminster Palace and he is really important during the coronation; and 90 elected peers), life peers (titles don’t inherit by another relatives against of hereditary peers). Work of the House of Lords: legislation, examining government work, examining European proposals.