Comparison of business ethics in different countries.

Contents Business Ethics compared in three countries: U.S.A., Hong Kong, and Russia. 1.Introduction 2.Issues 3.Importance of issues 4.Advantages/disadvantages of the presence or lack of business ethics 5.Safety, ethics, welfare 6.Comparison of ethical business in several countries 7.Conclusion--Which country is the leader of business ethics Three Main Issues: 1.What is the current knowledge and participation of each country of business ethics? 2.How do the countries use business ethics to their advantage? 3.What is the International Code of Ethics? A Code of Ethics is a business or an organizations policy applicable to all its activities and relationships. It should identify principal responsibilities its stockholders,†¦show more content†¦Corporate misconduct raises the cost and reduces the amount of social capital. The more businesspeople try to avoid the terms of their agreement, the greater the number of disputes that end up in court. Increased government activity adds to the cost of government. A market system needs moral capital as well. If capitalism is to be successful, there must be a widespread acceptance of certain moral norms, such as truth telling, and fair play. As more and more people abandon these moral forms, the social capital that makes market activity possible, is depleted, as stated by Norman Bowie. Bowie also states, America is obsessed with quarterly reports -one that forces managers to focus on the short run, rather than the long run. If corporations took the moral point of view, they would focus on meeting the needs of their stakeholders and focus on providing secure work for their employees and quality products for customers. If this were done, profits would follow. American capital differs from the capitalism in other countries. Ethical behavior can lower costs, increase productivity, and preserve the social capital that makes capitalism possible. It is in the nations interest to ensure that American capitalism is a leader in ethics as well as in product development. To help promote mutual understanding between the people of Hong Kong and foreign countries, as well as the development of business relationship, several major foreignShow MoreRelatedDoes Liberalism Really Offer the Most Freedom?726 Words   |  3 PagesDoes libertarianism really offer the greatest amount of i ndividual freedom? Why or why not? Libertarianism offers great amounts of individual freedom to the people governed under it. Whether it truly offers the greatest amount of freedom in comparison to other forms of political theory is highly debatable and very subjective in nature. We as Americans live in a liberal society and our government is appropriately structured as one. 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The Influence Of Nuclear Weapons During The Cuban Missile...

In his article, â€Å"The Influence of Nuclear Weapons in the Cuban Missile Crisis,† Marc Trachtenberg considers three historical approaches to the role that nuclear arms played during the 1962 conflict: first, the view that nuclear arms played no role at all, with U.S. and Soviet weapons cancelling each other out, second, the interpretation that the risk involved with nuclear warfare heavily influenced policy making, and finally the view that the strategic imbalance of nuclear force, characterized by a substantial American advantage, significantly impacted the outcome of the crisis. In weighing the three interpretations, Trachtenberg dismisses the first in supporting the existence of the second, using a variety of primary sources to identify instances when decision-makers were influenced by the risk of nuclear warfare. The focus of the article, however, is on advancing and complicating the third approach, which Trachtenberg claims is congruous with the second. In this third s ection, Trachtenberg advances the approach that the imbalance of nuclear capabilities impacted Soviet strategy but not American decision making. Accordingly, Trachtenberg’s article is characterized by two central claims: that risk of nuclear war influenced policy during the Cuban Missile Crisis and that American nuclear superiority disproportionately affected Soviet decision-making. The majority of Trachtenberg’s article focuses on the disproportionate effect of the nuclear imbalance, but he firstShow MoreRelatedThe Significance of the Cuban Missile Crisis Essay1686 Words   |  7 Pagesspeaking about the Cuban Missile Crisis, President Kennedy said, It is insane that two men, sitting on opposite sides of the world, should be able to decide to bring an end to civilization† (â€Å"Nuclear Test Ban Treaty† 1). the Cuban Missile Crisis was a time where these two men, Kennedy and Khrushchev, had the power in their hands to end civilization. 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Social Evils Poverty and Health Free Essays

Poverty is one of the most important social evils and a major determinant of ill health (1). From time it is known that poor social status is a major determinant of disease and reduces longevity in a big way. The Charaka Samhita recognized that community structure and functioning was an important cause of disease in individuals. We will write a custom essay sample on Social Evils Poverty and Health or any similar topic only for you Order Now The association of individual illness causing community disturbances and poverty and vice versa was noted (2). Health status is strongly determined by socio-economic positions and a large body of literature from developed ountries demonstrates that most causes of deaths occur at a greater rate in groups with lower socio-economic status (3). Pathways from adverse social circumstances to ill health are then discussed and some suggestions are made for eliminating these social evils. The Global Burden of Diseases Study reported major causes of mortality, disease burden and risk factors in various parts of the world (4). In developing countries, infections of respiratory tract, HIV/AIDS, diarreah, tuberculosis, and malaria have emerged as important causes. The reliability of mortality ata has been questioned in terms of medical classification of deaths as a large number of deaths are recorded as proof and old age. Globally, the important causes were lower respiratory infections, AIDS, heart disease, and malaria. Indian National Commission on Macroeconomics and Health (9) has reported that communicable diseases, maternal conditions as well as non- communicable diseases which are major causes of disease burden. The Second Global Burden of Diseases Study (4) quantified more than twenty health risk factors that influence health of populations. Major risk factors identified were childhood and maternal undernutrition leading to childhood and maternal underweight. , iron deficiency, anaemia, vitamin A deficiency and zinc deficiency. There was a difference in risk factors causing disease burden or mortality. Social circumstances and poverty are the major determinants of all these factors. A social problem is defined as a situation confronting a group or a section of society which inflicts injurious consequences that can be handled only properly (11). There are a number of social problems in India (11). These have been identified as poverty, illiteracy, unemployment, population explosion, communalism, youth unrest, violence against women, crime and criminals, alcoholism, terrorism, corruption, and more recently, overweight/obesity in the urban subjects coupled with changing lifestyles. Multiple efforts to accurately identify social determinants of health have been performed and some efforts have evolved recently. Social determinants of health were enumerated by Marmot and others at the Solid Facts Program of the World Health Organization (12). The factors identified were social rganization, early life events, life-course social gradient, high unemployment rates, psychological work envoronment, transport, social support, cohesion, food, poverty, and social exclusion. All of these factors are classified as social evils that directly influence health. Because non-communicable diseases are major health issues in Europe and other developed countries, these factors reveal only half the story. For example, illiteracy and low educational status is a major disease risk factor but not part of the WHO agenda as this is not as serious f a problem as it is in Europe (3). A major development to address various social issues and poverty was the landmark United Nations Millennium Declaration in the year 2000 by various Heads of States and governments. The declaration articulated Millennium Development Goals (MDGs) which include specific targets for social engineering to bring about equitable prosperity and health (13). These specific targets include poverty reduction, increasing primary education, promoting gender equality, and development of a global partnership for an even bigger development. How to cite Social Evils Poverty and Health, Essay examples

Literature Values Essay Example For Students

Literature Values Essay Literature can have many and different values on a person. It is all dependingon the story and the value or moral issue the author wants, you, the reader toget out of it. The value literature had on me was actually hard to put intowords. But to understand the value of literature you must know the definition ofvalue and literature. Value has many meanings but there is two that relate. Worth in usefulness or importance to the possessor and a principle, standard, orquality considered worthwhile or desirable. Literature is a body of writings inprose or verse. Literature produces value because it is basically an analysis ofan experience or situation. I got a different value out of each story. With MarkTwains The Adventure of Huckleberry Finn it showed me that one does not have tobe civilized or conform to the ideas of society to become cultured or mature. With Huck Finn he ran away from everything that was considered civilized. He hadnothing and really did not want anything. But at the same time he experiencedand matured living dangerously. This made me value Hucks adventure and take itas my own. Huck proves his maturity when he comments on how the king and dukedupe the villagers into believing that they are the dead mans brothers, andHuck says, I never see anything so disgusting.(Twain 163) Eventhough the king and duke commit an awful act on the villagers he still feelssorry for them when they get tarred. Huck comments, Human beings can beawful cruel to one another.(Twain 225) In William Faulkners Barn Burningit told of a man named Abner Snopes who burned barns when upset or mad. This washis way of getting back at them. Barn Burning has two very evidentstruggles. Abner oppresses his family just as the upper class has oppressed him. Barn Burning to me is based on misdirected anger. Which is basicallyhappening in these days. For example, a teenager and his parents have it out, heleaves, and now his anger is directed toward anything in his pathway. BarnBurning has a value in that it shows in life that people actuallymisdirect their anger. Such as in the school shootings and bomb threats thathave occurred in the past couple of years. Just like Abner Snopes felt like anoutsider to the upper class, so did the students who committed these violentacts. In The Swimmer, it made me value life and what it brings. Because if your not careful or you do not watch out it will past you up withoutnotice. As with Everyday Use, one of the daughters did not value whoshe was or whom she was because she was going out looking for her history. Whichshe already had at her fingertips. Reading all of the literature this semesterhas broadened my outlook on life. It has made me realize that there are a lot ofthings that we as people in this society take for granted. Literature has mademe value a lot of experiences and situations; I did not know about until I readall of the short stories by various authors with different styles and views ofthings. It is weird how the literature that has been written in the past stillhas an influence on what happenings in todays society. We can reiterate thesame ideas, values, and morals into what is going on today. English Essays

The Hudsons Bay Company and the Northwest Fur Trade

Slave Resistance essays

Slave Resistance essays It could be considered almost ludicrous that most African-Americans were content with their station in life. Although that was how they were portrayed to the white people, it was a complete myth. Most slaves were dissatisfied with their stations in life, and longed to have the right of freedom. Their owners were acutely conscious of this fact and went to great lengths to prevent slave uprisings from occurring. An example of a drastic measure would be the prohibition of slaves receiving letters. They were also not allowed to converge outside church after services, in hopes of stopping conspiracy. Yet the slaves still managed to fight back. In 1800, the first major slave rebellion was conceived. Gabriel Prosser was a 24 year old slave who was deeply religious. He felt that slavery was morally wrong and chose to fight against it. During the spring and summer of 1800, he began carefully creating a plan, in which he would invade Richmond, Virginia. From there he would take over the armory and the powder house, in order to have complete control over the city. He soon recruited more than a thousand slaves and had weapons on hand. On August 30, 1800, Gabriels army collected outside Richmond. Unfortunately, they were unable to attack the city, as a violent rainstorm ensued, and ended up washing out all the bridges and roads. His plans were revealed to Governor James Monroe by traitors. Before the slave forces could regroup after the storm, the state militia was sent out by the governor in an effort to stamp out the rebellion. They succeeded, and Gabriel Prosser was captured along with 34 followers. He was execute d shortly afterwards. Denmark Vesey was an "upper class" slave, who had some degree of independence and free thought. He was able to purchase his freedom in 1800 by winning a lottery of $600. From there he resided in Charleston, South Carolina as a carpenter. He was highly influenced by Christianity a...

Truth is objective Essay Example | Topics and Well Written Essays - 500 words

Truth is objective - Essay Example Let us see what is the established meaning of "Truth" and "Objective" -the objective truth of these two terms, essentially soul mates. Britannica says about truth "In philosophy, the property of statements, thoughts, or propositions that are said, in ordinary discourse, to agree with the facts or to state what is the case. It is a judgment, proposition, or idea that is true or accepted as true. It is the body of true statements and propositions" Webster's dictionary defines the term objective like this: of, relating to, or being an object, phenomenon, or condition in the realm of sensible experience independent of individual thought and perceptible by all observers: having reality independent of the mind; expressing or dealing with facts or conditions as perceived without distortion by personal feelings, prejudices, or interpretations. The opposite of objective is subjective. Objective history does not change. It cannot change. Subjective history is unique to the individual and cannot always be correct. Truth and objectivity go together like a being and its shadow, it will be there when there is the light of enlightenment and it will disappear when there is darkness of ignorance. Truth and subjectivity together will destroy each other, they are intensely opposite to each other. . In the Allegory of the Ca

Aircraft Performance Case Study Example | Topics and Well Written Essays - 500 words

Aircraft Performance - Case Study Example With this said, there are both challenges and opportunities that the industry have faced since the time, some of which are discussed in the case study. The problem is that high demand for innovation and diversity in the industry calls for enhanced designs, performance, materials, development, and production of new high-performance jet aircrafts which must be made available while taking advantage of industry opportunities whiles overcoming industry challenges. For there to be growth in the industry, there must be a clear balance between customer demand and specification, and manufacturing of jet aircrafts. It is only when there is this form of balance that consumers and customers can have a feel of value addition in the jet aircraft industry (Travis, Carleton & Lauritsen, 2002). By exploring the opportunities and challenges that are within the industry therefore, a chance is being created for manufacturers to take advantage of what awaits them in the industry while being enlightened on what to avoid through the challenges. Industry opportunity. Advancement in technology, which has aided in the areas of research and development, designing and creation, production, and evaluation of finished products (Frode & Christos, 2005). Advantages with opportunity . Heightened research in jet engine production due to advancement in technology was the direct result of the three design principles which have been used in the industry since 1965. The three principles are dual-spool layout, variable stators, and the turbofan (Curtis, Rhoades & Waguespack, 2013). Together, these principles have been the basis of achieving high performance. Future utilization of opportunity. The future utilization of the opportunity of technological advancement is expected to focus mainly on durability and portability. That is, jet aircrafts that are produced in the future are expected to last longer and function within a more spacious limit so that a lot more

Voip Research Proposal Example | Topics and Well Written Essays - 500 words

Voip - Research Proposal Example It is used for call initiation, call teardown and other call related data sent during a VoIP conversation. SIP is a text based application level protocol. It depends majorly on other protocols such as IP and UDP for transport. VoIP implementations with SIP mostly use a SIP proxy server to which the login credentials of users are authenticated. The proxy server also routes call and signaling data. Clients can establish a communication link between each and forward SIP messages via the proxy. Communications using SIP are also used for changing call parameters or other features such as integrating more callers into a conference session. SIP registrars are used as additional servers to locate other users. VoIP technology is likely to be misused by criminals as it often does not require verification of any details to start using the service. The security of making such calls may also attract criminals, as many implementations use strong encryption to secure both the voice payload and control messages. Skype uses 256 bit AES encryption while Google Talk does not encrypt its payload (but will support encryption in the future). As an example, an organized crime ring may decide to use Skype software that allows ring members to communicate anonymously. Criminals could use laptops running Skype, create profiles like a regular user and communicate when necessary.

Empowering women through education

Empowering women through education Ghuman (2002) overviewed that women with higher freedom are those who retain their earnings compared to those who are unemployed and have no importance in the contribution to decision-making in households. He also added that working women occupy a better position and have a higher degree of authority as they earn money. As said by Noeleen Heyzer, executive Director of the United Nations Development fund for Women(UNIFEM) efforts must be put together to empower women and take decision to eliminate gender inequality. Carmen Moreno,Director of United Nations International Research and Training Institute of Women (INSTRAW) added that women must be encouraged to raise their voices in politics, participate in decision making and have access to education which will contribute positively in their development and for them to make better decisions on the different issues. 2.5 Empowering women through education As stated in the report of the of the expert group meeting by the United Nations Division for the Advancement of Women (DAW), education smooth the progress of womens empowerment and for eradicating poverty among women as it enlarges womens abilities. During the period 1980-1994 the gap between girls enrolments and boys enrolment at primary level decreased in developing countries. But there are some important differences that stand out. In the case of sub-Saharan Africa the declining of the gender gap in some countries is accredited to a fall in the enrolment of boys and only a minor rise in the participation of girls. According to UNESCO data, girls net enrolment in secondary school decreased between 1985 and 1997 in 10 out of 33 countries in sub-Saharan Africa; 7 out of 11 countries in Central and Western Asia; 2 out of 21 countries in Asia and the Pacific; 6 out of 26 in Latin America and the Caribbean; 6 out of 9 in Eastern Europe; and 1 out of 23 countries in Western Europe and other developed countries.. According to Goutam Roy (2009), women education contributes in helping to reduce poverty. He added that empowerment and total emancipation are two major aspects that can help to alleviate poverty. Greater emphasis is being put on women education nowadays, as there are wider job opportunities and proper attention to the women in development programmes. He also mentioned that Scholarships are given by government in HSC level, technical of vocational education to motivate women students to become educated. Women teachers are being trained to improve the quality of education given and improved teaching methodology. Goutam Roy research proved that Empowerment and development are inter- related. The slow speed of women education is boosting women empowerment resulting in women development. According to the last decade, many countries have decided to reach our women, understand their needs and include them in the development process. Survey which was carried out in 2000 shows women literacy is 66% higher than men in developing countries. He analyses that the empowerment of women has become a social and political phenomenon. The development process is strengthening when both men and women participate and education is deeply related to women empowerment. Investing in education is one of the most effective ways to reduce poverty as Investment in girls in secondary education gives positive outcomes. Stine Ankerbo Karina Hoyda (2003) outlines that education is vital to womens empowerment in so far as it enables women to be more productive. According to the World Bank, a mothers education has beneficial impact on the size of the family, her children well-being and how effective she uses commodity services. Education is a mean to promote development in social, political and economic spheres. Studies and research prove that there exist a high correlation between an increase in women schooling and decline in infant mortality and fertility rates. Before the mid 1970s little attention were paid to the economic benefit which can be related to women. Educated women contribute to economic development. For example, in Africa 46 percent of the female labour force is in agriculture. If they were given proper education they would have been increase in productivity that will hinder economic growth. With investment in education for girls and women significant progress in social and economic gr owth can be deduced according to economic analysis. An increase in girl enrolment in primary schools leads to lower fertility rate, higher GDP per capita and life expectancy. Studies undertaken by a world bank on 20 developing countries find that when devote substantial resources to female primary education which leads to higher economic productivity, improved standard of living and life expectancy, lower infant and maternal mortality compared to countries where women do not benefit from proper education. According to CSO reports, the earlier a child starts going to school every day, and the less risk of slipping into a spiral of poverty in adulthood. Therefore, the EAP program helps families who, for lack of money, do not send their children to school. 2.6 Feminization of poverty The term feminization of poverty refers to the fact that women suffer from poverty much more than men. In countries and across the world, women live in poverty excessively in contrast to men. The term feminization of poverty, created in the 1970s by Diana Pearce, refers to the focus of poverty among women, mainly female-headed households. However, the feminization of poverty, in reality, refers to something broader than merely lack of income or a state of economic need for women. She added that poverty is being feminized because of three main reasons, namely: The growing amount of female-headed households. Individual and cultural stereotypes about and inequity against women and girls. Macroeconomic trends such as globalization and trade that fall short to take into consideration womens position in economy. While the very definition of poverty mean the lack of ability to meet essential needs such as food, clothing, or shelter, being poor also involve the lack of choice, little opportunity, the incapability to accomplish life goals, and eventually the loss of hope. In addition, the feminization of poverty influence more than just women as it affects children, who disproportionately live in female-headed households. According to Bianchi, the increase in non marriage among women, especially those who were adolescent, restricted the income prospective of the family, but also make the legal aspects of child support difficult. The increase of divorce rate, and a rise in life expectancy among women further enhance a gendered poverty, while social programs and income transfers planned to remove individuals out of poverty were less successful in reaching this goal for women than for men. Presently, research persists to prove the existence of a gendered component to poverty, one that has become more obvious and even more prominent with the increase in female-headed households, and perhaps even more noticeable among the young and elderly female population. Female heads of household are not only more likely to be poor, but their poverty is more likely to be elongated. The majority of studies of the hardship of women point to two primary mechanisms that force women into poverty at higher rates: demographic change and the economy. Since the discovery of the feminization of poverty, the nature of social life has changed considerably, as has the structure and nature of the family. Demographic shifts have without doubt rise inequality for women and their children. The amount of children born to unwed mothers has seen a considerable rise since the 1950s. Childbearing out of wedlock, high divorce rate, explain a drastically higher percentage of households headed by single women who are upbringing their children on their own. Moreover, the average lifespan for both males and females has improved and nowadays women are one step ahead of their male counterparts. With a longer life expectancy, women will require significantly more income to guarantee their survival in their later years. Changes occurred in the constitution of family and general demographics have led women and mothers at a substantial disadvantage in terms of the monetary funds accessible to cater for themselves and their families. Apparently the poverty rate among single-male heads of household was around 17.6%, while the rate for single-female heads of household was 36.9% in 2005.undoubtedly, the increase in the divorce rate has somehow affected women, who disproportionately assume the role of primary caregiver when divorce occurs. When coupled with womens usually inferior incomes and less property rights, divorced women promptly became more vulnerable to poverty than men. In the United States, most of the children living at or below the poverty line live in single-mother households. Furthermore, women are less likely to remarry after a divorce than men, which left them to single-income households with fewer resources for a long period of time. In 2005, there were 13.5 million divorced women in the United States-3.7 million, or 37.6%, more divorced women than divorced men. 2.7 Measuring the extent of feminization of poverty Taking into account the extent to which poverty is feminized, one is mostly disturbed with whether or not women disproportionately experience poverty in contrast to men. Conversely, as considered by the Census Bureau and other governmental agencies, both in the United States and around the globe, poverty is a household concept. That is, individuals are classified as poor if they form part of a household in which the household revenue is below the poverty level for the household size. In households headed by married couples, the assumption is that both men and women presumably experience poverty at the same rate-either both members of the couple are in poverty, or neither of them is. According to Christopher et al., the gender gap in poverty exists because single women are poorer than single men. Additionally, in many examples, women living in marriages where their partner is the wage earner are consequently more likely far from poverty. 2.8 Women in politics During the UN Committee on Elimination of Discrimination against Women on July 2010, some of the successes noted by Helen Hambling, Group Manager, and head of the Australian delegation stressed on the fact that women now comprises of almost one third of parliamentarians, while seven ministerial positions, including the Prime Minister, and the Governor General the highest public position were held by women. Since 1995, womens position improved by three-fold, and of the seven High Court justices, three were women. To enhance the participation of indigenous women in political life, the Government had started the indigenous womens programme. It was a grant programme that supply financial support for actions that would aid lessens those womens disadvantages and promotes their assumption of legislative and management roles. Rachel N. Mayanja, special advisor to the secretary- general on gender issues reported that there are only a few women in politics, with women presently filling just 16.8 percent of parliamentary seats, a slight rise of 4 percent since 1999. LIZ Chadderdon powell highlighted that There are only 19 female CEOs running Fortune 500 companies. That is only 3.8%. Moreover there are seventy-four women in Congress out of five hundred and thirty five seats in both the House and Senate. That implies that women comprises of only 13.8% of Congress while being 52% of the voting population of America. Sarah Brewer, Associate Director of the Women and Politics Institute at American University, states her study on female political consultants demonstrate women frequently work longer in the field before setting up their own firms. three primary reasons for the political consulting industrys glass ceiling: firstly Women are mothers and need to give time to their children, which make it difficult to serve their clients 24/7/365 and loose that edge to their male competitors, moreover being a committee ED or a partner in a firm one need to be powerful some women are shy and cannot be that aggressive and finally people in dominant positions (usually men) are reluctant to move out and give others a leg up. 2.9 Feminization of the labour force The effect of neobileral structural adjustment economic development on woman in the worlds workforces in the global economy is of great interest to policy makers. Standing (1989, 1999) and Catagay and Ozler (1995) suggest that neoliberal structural adjustment generally leads to greater feminization of the labour force caused by both demand and supply side. supply may increase due to the fact that woman enter the labour force to offset declining household and demand may increase as firms may employ more women due to lower cost of female workers. Different studies made on feminization of the labour force such as the modernization hypothesis suggest the economic development contribute to an increase in women labour force participation. On the controversy boserup(1970) who first propose the marginalization hypothesis found that economic development , urbanization relative growth of the manufacturing can lead to a fall in women labour force in the market because their traditional roles in agriculture and home production lose importance. According to the studies of Cooper Lewis (1999),Mintzberg(1996) and Rosener (1990) there is the establishment of a more humane style of management with a rise in women occupying higher level jobs as women show much care to their employees and they are more concerned with their well-being. 2.10 Equal opportunity A recent policy research report by the World Bank (2001) identifies gender equality both as a development objective in itself and as a means to promote growth, reduce poverty and promote better governance. Research undertaken by the university of stellenbosch business school in south Africa found that top level positions is still uncommon ready to accept woman are professional equals as governments policies legislation do not works . In 1996 a Gender Policy Framework (GPF) was set by the African government to authorize the international convention on the elimination of all forms of discrimination against woman. The GPFs main aim was to integrate gender policies by ensuring that; Womens rights are perceived as human They have equality as active citizens Their economic empowerment is promoted Their social uplift is given priority They are included in decision making They are beneficiaries in political, economic, social and cultural areas. Turning to the labour market, Helen Hambling, Group Manager, Department of Families Housing, Community Services and Indigenous Affairs, and alternative head of the Australian delegation recognized that women in Australia still received 18 per cent less than men and were retiring with half the savings of men. The New Fair Work Act recently operated also intended at pay equity between women and men. In the private sector, however, women held one in eight executive management positions, and the number of companies with no women executive managers had increased between the years 2006 and 2008. To deal with that, the Equal Opportunity for Women in the Workplace Agency had developed a combination of regulatory and educative measures, and held round tables across the country 2.11 Role of micro finance in empowering women and reducing poverty Akinyi Janet, Editor of The African Executive magazine reported that Women in Africa are not empowered because of poverty and negative cultural practices. Credit is not very accessible, which is the main restriction on womens capability to earn income. The Microfinance sector is involving African women in the economy as they were in terrible need of income to enhance their small farms which hardly fed them. Statistics shows that women consist of 74% of the 19.3 million of the worlds poorest people now being helped by microfinance institutions. She further said that In Africa, MFIs have witnessed remarkable gains. The sector offers financial services to the poor women in possible micro-enterprises make enterprising women more powerful through financial access and expertise and significantly lessen poverty. Her research shows that more access to savings and credit facilities make women stronger in taking economic decisions. It also develops their skills, knowledge and in addition improves their position in the community. The increase in access to microfinance has made womens path to social and political empowerment easier. Moreover Akinyi Janet found that Women have shown that they are reliable clients especially in repaying loans in a specific time .empowering women has been a success as it increases individual family expenditure on health, education, improved nutrition and food security. The UNDAW report (November 2001) microcredit and microfinance projects have been recognized as key strategies to tackle womens poverty by offering women with the prospect to have their own businesses, augment their productivity and earnings and, attain greater empowerment. However, there is increasing concern among womens organizations, researchers and practitioners concerning the way in which microcredit and microfinance programmes are being encouraged. It is observed that there is limited empirical evidence to maintain a linear relationship between microcredit, poverty alleviation and gender equality and empowerment of women. There are also not many studies that investigate the extent to which microfinance programmes have helped non-economic dimensions of womens empowerment. Hulme and Mosley (1996) also reveal the relationship that exists between credit and poverty reduction is from new investments to the pattern of income change to poverty alleviation. A positive link can be generated between the two depending on whether projects yield high returns and if they can create jobs. World Bank (2001) highlights that the poor can be helped through credit replacing productive assets damaged in a natural disaster. Therefore, microfinance programmes help the poor households to sustain income shocks. Moreover the majority of the micro-credit programmes help mainly women or households headed by women (Otero and Rhyne, 1994; Hulme and Mosley, 1996; Khandker, 1998; Murdoch, 1999b; World Bank, 2001). Sadegh Bakhtiari, from Isfahan University in Iran stresses on the fact that Microfinance can be a helpful means for poverty reduction. However, it should be used thoughtfully -It has been proven that the link between microfinance and poverty alleviation is not simple, because poverty is not an easy phenomenon as there is many obstacles for the poor to cope with. It is important to know what form microfinance is appropriate for the poorest; the delivery channel, methodology and products offered are all linked together and affect poverty. 2.12 Political and economic constraint in empowering women It is a fact that male dominates women under certain aspects like political, economic and socio-cultural and they are much well paid for the same work. Henshall (2004) defines gender equality as the same opportunity given to men and women to be able to lead an enjoyable life. However this may not always be the case as according to Feinstein (1979), there still exists a large gap in female and male wages. For the same job performed women may earn less than men. In Pakistan female job is viewed as inferior and low grade. He also argued that women are obliged to carry out domestic job like household maintenance and child caring. The traditional thinking of people in Pakistan strengthens restriction over empowerment. Khalid (1991) analyses that women are restricted from the political environment in the country. They are not exposed to social, cultural, political and economic participation in the community activities. Their works are unrecognized and they encounter problem with societys attitudes which affect their working capabilities adversely. Henslin (1996) finds that male are commonly paid more for the same work and they usually dominate the socio-cultural, economic and political aspects of the society. In contrast, females are discriminated against economically, politically and socially. Consequently this adversely affects them to emancipate and become independent in life. According to Dr Naz (2009), in Pakistan male has much more power in controlling economic resources. Consequently women are regarded as inferior as they have no say in economic and political affairs as well as decision making also. Furthermore even if women are equally qualified as men yet their income tend to be lower than that of men. However, this type of inequality exists in other countries as well. Due to the complex structure in Pakistan, women face a lot of difficulties in taking part in the economic and political activities in a democratic way and to even exert their voting right. Additionally Hafeez (1983) argued that the traditional thinking of husbands that is they are conservative and believe that women should remain at home as housewives prevents the participation of women in political and economic activities. The ego problem of the husband which restrict women employment have negative effects on their children and family life .At times the relatives (in-laws) are against women employment as they fear of losing their self-image as women may become too independent and neglect their traditional roles. 2.13 Barriers of empowering women through educational attainment According to Amartya Sen (1999) the main focus of women empowerment in the process of development more precisely it includes female education, their employment prospect and the working of the labour market. She also added that difficulty to allow women empowerment through education is due to stereotyping in the formal education system which strengthens the traditional gender characters. Apart from the every day life experience, women are discriminated in the field of education. Male members are seen as the prime source of earnings and parents usually prefer to educate their sons instead of their daughters. The higher one climbs the educational ladder, the more that learning is a masculine experience (Henslin, 1996). Muzammil(2010) in his analysis validates the evidence that a barrier to acknowledging the significance of empowering women through schooling relate to stereotyping in the formal education system which further strengthens gender roles. He also found that it is taken for granted that women with lower level of education than men should earn less. In reality, patriarchy is an obstacle to womens empowerment and it is inter related with the political system to dominate women. Through the United Nations Division for the Advancement of Women (UNDAW) meeting in 2001 A.Jacqueline emphasise on the fact that Womens rights and gender equality is still an issue in African countries. Women are discriminated in different field such as access to social and economic services. Consequently this act as a barrier to women empowerment. Research conducted by the United Nations High Commissioner for Human Rights in July 2009 found that media and other reports disclose that women re not allowed to participate in public life. Many working women are threatened or are intimidated. Women are therefore forced to remain at home. We can conclude that this type of behaviour restrict woman to participate in life and emancipate. A forum on the role of women in Saudi Arabia suggest that However, women in the audience criticized the ministry for making it difficult for them to manage their own businesses without a male guardian or agent, which often allows men to wrest control of womens money. Also women are not allowed to drive. Unfortunately, it is such extreme measures have stood in the way of womens employment and narrow their business opportunities. 2.14 Conclusion The literature on women in different field and how women empowerment has been a success till now is considerable. As far as possible the key theories have been analysed, supported by the empirical research that has been carried out on the different features. The subject continues to evolve and there is an interest to go further in empowering women to reduce poverty.

Health Care :: essays research papers

  Ã‚  Ã‚  Ã‚  Ã‚  John Kerry says that he will try to get a stronger affordable healthcare. Over the last three years family premiums increased more than three thousand five hundred and twelve as well as prescription drugs. They have grown four times more and quicker than ever. Now that shows that Kerry will try to improve these high price increases. These costs have hurt our economy. And we do deserve a President that will not make these American family’s become broke. That is pretty much what Bush was doing for the past three years. Kerry mentions that he will try hard to prevent this. Instead of spending three thousand five hundred and twelve a year, Kerry will help us save money by spending only one thousand a year. All the other extra money that Bush would cause us to use we can spend on things like shopping for grocery’s. He will lower the price of prescription drugs, use taxes cuts and most importantly to give a high-quality coverage to ninety-five percent of Americans. To make affordable health care a right not a privilege. I honestly really do agree with this comment one hundred percent. The four main things that John Kerry will do that will help us Americans save more money and afford healthcare. One way is to cut your premiums. To cover all Americans with quality care. To cut the price of prescription drugs. And lastly to cut waste and inefficiency. Bush believes that Americans should be able to have affordable health care. He will not be shifting costs to tax payers. He provides affordable health care for those who deserve it most. Unlike Kerry he said he will try to provide affordable health care to not only the people who need it most but to all Americans and it will be a right not a privilege. Bush mentions the five important things that he has done as a president and will try to continue these things. One was he allowed Americans to own and control their health care. That is a very idiotic comment because we by the health care so of course we should own it Health Care :: essays research papers   Ã‚  Ã‚  Ã‚  Ã‚  John Kerry says that he will try to get a stronger affordable healthcare. Over the last three years family premiums increased more than three thousand five hundred and twelve as well as prescription drugs. They have grown four times more and quicker than ever. Now that shows that Kerry will try to improve these high price increases. These costs have hurt our economy. And we do deserve a President that will not make these American family’s become broke. That is pretty much what Bush was doing for the past three years. Kerry mentions that he will try hard to prevent this. Instead of spending three thousand five hundred and twelve a year, Kerry will help us save money by spending only one thousand a year. All the other extra money that Bush would cause us to use we can spend on things like shopping for grocery’s. He will lower the price of prescription drugs, use taxes cuts and most importantly to give a high-quality coverage to ninety-five percent of Americans. To make affordable health care a right not a privilege. I honestly really do agree with this comment one hundred percent. The four main things that John Kerry will do that will help us Americans save more money and afford healthcare. One way is to cut your premiums. To cover all Americans with quality care. To cut the price of prescription drugs. And lastly to cut waste and inefficiency. Bush believes that Americans should be able to have affordable health care. He will not be shifting costs to tax payers. He provides affordable health care for those who deserve it most. Unlike Kerry he said he will try to provide affordable health care to not only the people who need it most but to all Americans and it will be a right not a privilege. Bush mentions the five important things that he has done as a president and will try to continue these things. One was he allowed Americans to own and control their health care. That is a very idiotic comment because we by the health care so of course we should own it

Philosophy †Is Memory Reliable Essay

How would I prove that my memory or reasoning processes are reliable? There really is no good way to answer this question. My first thought was, well that should be easy, because I can prove my memory is reliable by the fact that I remember where class is every day that I show up. If I can remember where the classroom is, that must show my memory is reliable. But then I realized that I’m relying on a memory to come up with that example. This makes the question seem like a paradox to even try and answer, because in order to figure out if there is a way to prove my memory is reliable, I must use my memory to recall memories that might apply, and I must also assume the accuracy of the memories I might draw from as example. I cannot prove memory reliability by using logic drawn from the assumption that the memories I used are reliable. This seems to create a fallacy in logic before even getting started. In reality it seems easy to say that yes, although our memories are sometimes wrong, generally more often than not they are right. We know this because we recall from our memory many times each day to do the simplest tasks. If our memory was that flawed, we would be unable to survive on a day to day basis. Where do I get water? How do I get food? How do I drive a car? While this does show that we are able to rely on our memories to complete everyday tasks, it doesn’t prove our memory is consistently true. We cannot be sure that any memory we’ve ever had actually happened exactly the way we remember it (unless material sources are used, like video or pictures to back up the memory) because of a multitude of problems with memory like delusion and distortion. Memories can be easily manipulated and altered in many different ways, from simple re-telling where little details may be unwittingly changed each time a memory is told, to the power of suggestion in which an entirely false memory can be implanted into a persons mind and believed to be true by that person. Although these memories may seem very real to us, even to the point where we are willing to fight for their reliability, they are still factually false. This actually happens a lot! Although it practice these issues with memory exist, they are mostly ignored because we typically use other methods beyond memory alone to help collaborate what we remember. We are validated by others who share the same memory, photos, ect. So although in a philosophical world it seems impossible to find solid clear evidence that memory is truly reliable, but it seems silly, and even dangerous to continually doubt that memory can be reliably called upon. For example, I decide to cross the road without looking both ways because I cannot be sure that being hit by a car would kill me. I might have seen and heard of people being killed by cars in the past, but if I doubt my own memory how could I be sure that speeding cars have the potential to actually kill people. Because of this seemingly correct logic I might then be hit by a car and become a victim of what many would say is clear common sense. So although there is no good way to prove the reliability of memory, we must still rely on it all the same.

How to Study and Discuss Cases

The case study is a powerful learning tool for a business major student. We may find interpreting and writing about cases mystifying, challenging, or downright frustrating. First of all, we should have good attitude, such as personal initiative, self-reliance, curiosity, taking risk and patience.. We should be initiative to study, and to have confidence in ourselves, but also to think independently and find the solutions. Curiosity is necessary to mobilize us to observe and discover all stuff that related to the cases. Dare to take risks, because failure is the mother of success. To have enough patience to think about the case solution. Second, good infrastructure is also important to our case study. The infrastructure includes study environment, tool, other relative context for business case study. Studying in the right place is necessary to us to ensure the quality of learning and thinking because noisy environment diverse out attention from the cases. We also need enough time to read and analyze a case, and spend at least 90 minutes there for each case study. Business dictionary is an important tool for us to analysis cases because many people are not English speaker, and business dictionary helps those people understand all the terms in cases; it is a prerequisite for understanding the case. Expanding the amount of reading is another tool to understand and solve cases, especially business newspaper, magazine, and business-news Web site on the Internet. Those business reading materials not only help us build a context for the case study you are trying to solve at the moment and make connections between the case study and current events, but also helps us know recent market dynamics. Learning to use software such as Microsoft Excel to analyze the data in the case. We should form a study group and meets frequently because we will learn more and perform better in class participation by discussing the cases together in a learning team. We also need to know out professor because the professor is part of the learning infrastructure. Finally, we should keep good execution as well. Read the cases really quickly in the first reading, but do not take notes on the first reading, and read the first few paragraphs that usually say a well-constructed about the problem. Then, go through the exhibits and the data to analysis them. Focus on some basis questions, such as † Who are the protagonists in the case? â€Å", â€Å"Who must take action on the problem? † and so on. Getting answers for those basis questions is the first step of understand entire cases. Finally, we should define the problem based on the concepts, principal and theorem. After defining, we need to think about the solution of the case. When we make solution decision, we keep self-confidence and trust ourselves. In conclusion, analysis business case study is a comprehensive progress. Because there is no right answer to these cases. When we are in the class, we participate actively in support of our conclusions, but still be open to new insights since there is no an exact solution to such cases. Business case studying is a good way of thinking about business situation that we can carry from one job to the future. It is also to lead us to win in the future.

Earnings Managment and The Matrix Format

Earnings Managment and The Matrix Format Free Online Research Papers QUESTION 1 Ann: What is your understanding of earnings management? Tanya: Healy and Wahlen (1999), explained that, Earnings Management occurs when managers use judgement in financial reporting and in structuring transactions to alter financial reports to either mislead some stakeholders about the underlying economic performance of a company or to influence contractual outcomes that depend on reported accounting numbers. Earnings management typically involves false increases/decreases of profit and revenue figures through aggressive accounting tactics. As profit is not very volatile due to earnings management we can look to accruals; the more accruals a company has, the more likely they are to be managing earnings. It can be quiet easy for management to find loopholes in the standards to enable them to manipulate earnings to the desired level. Managers would practice such behaviour to benefit themselves for example, a personal bonus scheme or even to follow market expectations. There are four main ways managers can manage earnings 1) Unsuitable revenue recognition 2) Inappropriate accruals and estimates of liabilities 3) Excessive provisions and generous reserve accounting 4) Intentional minor breaches of financial reporting requirements that aggregate to a material breach. For example managers can estimate future economic events such as choosing LIFO instead of weighted average. Ultimately, earnings managements misinform stakeholders about the fundamental economic performance of the firm. QUESTION 2 Ann: Do you think available-for-sale investments can be used for earnings management? Tanya: Available-for-sale investments could potentially be used for earnings management. Firstly, the firm could involve themselves in selective timing. Meaning that they could sell the asset when in a period of high profit so the unrealised losses will become realised and profit will only decrease a little. The firm may also show a lack of effort to determine fair value, thereby increasing investments. Finally another point to be noted would be the risk of improper accounting for impairment losses (Sullu, M 2006). QUESTION 3: Ann: Do you think any other items in TVC’s financial report could be used for the purpose of earnings management? Tanya: I believe items relating to Foreign currency and held-for-trading investments to be two other items which could potentially be used for earnings management. Selective timing of these two items allows managers to manipulate the figures on the companies’ financial statements by either selling in periods of high profit or visa versa. QUESTION 4: A) Ann: What are available-for-sale investments reported as? Tanya: Available-for-sale investments are reported as their Fair Value. I found this from Note (1B) Investments, from the financial statements. B) Ann: What profit/loss is reported for the year from available-for-sale investments in the profit statement? Tanya: A profit of $15 millions was reported. C) Ann: How much profit/loss is reported for the year from available-for-sale investments in total income and expense for the year? Tanya: A loss of $35 million was reported in this instance. D) Ann: How do you think those figures will impact on the current and future profits? Tanya: Profit for the current year will be $15 million extra, however if the company chooses to sell the available-for-sale investments then the unrealised losses will be realised and profit will decline by $15 million. E) Ann: What was the amount of available-for-sale investments last year then? Tanya: Last years figure was $45 million for available-for-sale investments. QUESTION 5 Ann: Do you think the firm’s executives have engaged in earnings managements? Tanya: I believe the firm could have engaged in earnings management but it is quiet hard to determine from the information given. It is hard to gauge when available-for-sale investments were sold, and in not knowing this decide if the firm engaged in earnings management. We would also need to look at such information as other accruals, when revenue was recognised and check both provision and reserves to see if managers may have had the chance to manage earnings. QUESTION 6 Ann: What do you think about David’s comment that performance should be based on change in equity or profit? Or do you think it should be some other measure? Tanya: I believe that performance should be based on both equity and profit. It is important to look at both statements as they give users a variety of different information. The equity statement holds most of the information stakeholders would need to make informed decisions. However one can see the profit figure is used to derive the end figure for changes in equity, so it would help stakeholders to see how the company came up with the final profit figure. The more information provided helps with the transparency issue so many companies face. PART B QUESTION 1 Ann: (Distributes Exhibit 4) What is your understanding of the reconciliation? Tanya: The reconciliation helps us see values that were not included in the income statement before, however these figures have come from changes in equity. In addition to this, we can see that a total of $62 million was profit from the companies current operations, their core product, being manufacturing. However on closer inspection of the reconciliation we can see that total income recognized in equity was $172 million. This figure indicates that $110 million of profit was not to do with their core product (manufacturing), but secondary income, such as foreign currency. Ann: Do you think it’s important for TVC to disclose this? Tanya: Yes, I think the firm should disclose such reconciliation. As I mention previously it breaks total income up into two sections, letting stakeholders see how much of the actual profit was from core operations and how much of the total income recognized in equity was from secondary sources. QUESTION 2 Ann: (Distributes Exhibit 6) Do the figures change using the matrix format income statement compared to Part A question 4? Tanya: A) Is still reported at fair value same as before. B) Has changed to a loss of $35 million reported in profit. C) Has remained the same at $35 million loss reported in total income and expense. D) Current and future profits will both change using the matrix format. A loss of $35 million will be recorded for the current year, and depending on whether the company sells available-for-sale investments the future year could also see a loss of $35 million. E) Remains unchanged at $45 million also. Overall Ann, I found it easier to find the figures in the matrix format rather that looking through different pages to try and find the figures in Part A. However I find it interesting and unusual that question B differs between the two formats. QUESTION 3 Ann: I don’t really know anything about the matrix format, what is it about? Tanya: The matrix format combines data from the IAS 1 income statement and statement of changes in equity into one statement. It allows users to see items before and after remeasurements by having three columns, 1) Items before remeasurements 2) Items after remeasurements 3) A final column being the totals of the previous two. If a company were to report their income statement in a matrix format it would provide for a more accurate format. This is because items become more transparent. Firstly because all information regarding to income now appears on one page, this includes both realized and unrealized. Secondly because of the structure of the matrix format remeasurement is now easier to find (Tarca, A et al 2007). Ann: Oh, ok, well who would benefit most if we changed to this approach? Tanya: It would benefit stakeholders most, as mentioned previously it’s easier to read and decipher between realized and unrealized items. External users will now be able to be quicker and more accurate at finding information in the statements (Tarca, A et al 2007). Ann: Should the matrix format replace the old system? Tanya: no I don’t think it should completely replace the old system, I just think it should be a supplement for IAS 1 financial reports. QUESTION 4 Ann: hmmm, I see what you mean, but I’m still not too sure about the matrix format. Tanya: So you are still a little confused on the matrix format then? Well I know its made the financial data simpler to read for you but I think the problem you’re faced with is whether or not it’s helping you in your primary decision of offering PB a new contract. I think the matrix format lets us see more clearly the possibility of earnings management. We can gauge more closely what’s happening with available-for-sale investments and other potential items. I think the matrix format has helped make things a little more transparent but not 100% in confirming what you should do about the PB, I think to make that decision we still need more information. Research Papers on Earnings Managment and The Matrix FormatThe Project Managment Office SystemDefinition of Export QuotasThe Relationship Between Delinquency and Drug UseIncorporating Risk and Uncertainty Factor in CapitalPETSTEL analysis of IndiaOpen Architechture a white paperTwilight of the UAWAnalysis of Ebay Expanding into AsiaAppeasement Policy Towards the Outbreak of World War 2Research Process Part One

Week6 Article Example | Topics and Well Written Essays - 500 words

Week6 - Article Example There is the possibility of reorganizing or refunding debts of the federal government. In order to take these steps, there needs to be evaluation and assessment of refunding or reorganization of debts. A good way that the federal government could reorganize or refund its debts obligation is whereby the city’s administrators highlight upon the debts with high interest rates (Seitz & Ellison, 2004). These types of debts can hamper the government’s ability to perform other financial duties or obligations. Therefore, refunding would imply that the government would add new debt to the existing debt kitty. In turn, the government would be forced to increase debt in order to facilitate payments of both interest and the existing debts (Lee & Joyce, 2008). If the government’s new debt can be increased at high interest rate, this would offer economic prosperity and other possible benefits may be realized in case the interest rates decrease such as transforming the conditio ns of the debt that may permit the local government of Seattle to revise their payment plan that may assist with short-term budget demands. Refunding debts to substitute a lower interest rate may poses some economic merits, if other transformations are made, like term, there is a probability that there will be a net rise in the debt costs over the debt’s term. Furthermore, another refunding or reorganization tactic is the reduction of the overall expenditures gained by the government. This would establish an additional financial base that should be diverted towards settling the city’s debts. In order for the federal government to decrease the high debts, it is vital that alternative funding options are created in order to support its debt obligation. The federal government may provide financial help in quarterly or annual terms. Another alternative is for the city to try to maximize revenues gathered (Shapiro, 2004). My budget has a defined goal that I have to

Factors That Have Enabled India to Become an Emerging Economy Essay

Factors That Have Enabled India to Become an Emerging Economy - Essay Example This research will begin with the statement that the increasing competition and changes in the global marketplace have resulted in forcing the organizations to come up with new and innovative methods for increasing the market growth and share. Increasing globalization and internationalization have resulted in providing these organizations with an option to expand into international markets. On the other hand, different countries and international markets are trying to attract the organizations and foreign investment with the help of favorable policies and factors in order to improve the overall economic condition of the country. India is eyeing to become one of the powerful economies of the world, as it can be seen from recent past that Indian economy is showing rapid growth and is amongst the top growing economies of the world at present. India is the tenth largest economy in terms of nominal GDP and is amongst the top three (third largest) economy with respect to purchasing power p arity (PPP). The main reason behind this growth comes from various alterations and transformations made in economic, social and political practices of the country or in simple words by adopting reforms. This has lead towards creating a situation that country which was a few decades ago under the list of under developing countries is amongst the top powerful economies of the world. Meanwhile at present according to the economic survey of 2011-2012, Indian GDP showed a positive growth and is amongst the top three economies of the world that have shown significant growth over a recent past in terms of GDP. However given below are some of the important factors that are playing important role in the growth of the Indian economy. India has been able to grow and improve its economy by attracting more and more international business and organizations. The country is striving hard to provide the international investors with feasible conditions in order to increase the Foreign Direct Investme nt in the country. The economic, political, social, and technological factors all have been shaped in such a manner that more and more international organizations are investing in the country. The economic, political, and technological factors of India are attractive for any method of internationalization including; export based, nonequity based, and equity-based methods for internalization.

Business Ethics and Law Essay Example | Topics and Well Written Essays - 2000 words

Business Ethics and Law - Essay Example Basically, the interests of stakeholders are to increase their benefits from the organizations. To achieve this goal, business has to incur cost and this will reduce the earnings of investors. Therefore, in most cases managers compromise the interests of stakeholders in order to increase the income of the shareholders. Question one Business owners invest their resources in businesses and appoint directors to run those businesses on their behalf. This is because in most cases the owners of the capital lack expertise to run those businesses by their own, or they have other things to attend to hence they are left with no time to manage their own businesses (Adam, 2009). Sometimes even where they are present the businesses are may be too enormous for them to run on their own. The directors are given authority to mobilize the resources of the investors in a way that will maximize returns for the investors. Therefore, managers have a duty to ensure that their activities are focused on incr easing the returns for investors. However, they also have to ensure that the company’s stakeholders are considered when making decisions for the company (Cameron, Seher, & Crawley, 2010). These stakeholders include government, the community, consumers, suppliers and even the business rivals. These stakeholders are very crucial in any situation because their individual decisions will influence the position of the business. The argument of Joseph Johnston is that organizations are established to serve the needs of both stakeholders and the shareholders (Wettstein, 2009). According to stakeholder’s theory, in case of any clash of significance between the shareholders and investors, the managers should compromise the investor’s benefit for the sake of stakeholders. The investors concern is to reap the best form their investments. The clients concern in the business is to have a constant supply of superior products at affordable prices (Ananymous, nd). The public wan t to ensure that the organization is not oppressing people. The employees want to get the best pay from the organization. Different stakeholders have different concerns in the organization (Bebchuk & Fried, 2004). In actual sense, I believe stakeholder’s theory does not work because of inconsistency of interests among the parties concerned (Cameron, Seher, & Crawley, 2010). Managers are in control of the organizations and they are responsible for setting strategies and meansto achieve them. Since the interest of the investors is to create more wealth their desire is to invest in ventures which guarantee them greater returns. However, in most cases ventures that have higher returns are prone to perils (Bomann-Larsen & Wiggen, 2005, p. 76). Therefore, managers generally do not like risking and desire to safeguard their jobs. As a result, the managers invest shareholders resources to less risky ventures despite their decreased returns to ensure that their jobs are stable. On the other hand, stakeholders such as clients will desire superior products at affordable prices. Producing superior commodities requires extra resources which results to increase in prices for the commodities. Since managers also want to ensure that their employers have vast returns, most of the time they charge higher prices for inferior products (Cameron, Seher,

Hewlett-Packard, Inc Essay Example for Free

Hewlett-Packard, Inc Essay Hewlett-Packard, Inc. has been one of the leading IT Company competing with DELL. Throughout the company history, Hewlett-Packard’s top management team has always sought to ensure that the company stays ahead of its competitors. Though this has been the case, strategic decisions made by the company’s past and present CEOs, especially, Carleton S. Fiorina and Mark V. Hurd may differ as much as they may be similar in some ways. During Carleton S. Fiorina’s tenure, the main focus was on the future and all strategic decisions and investments were made for future growth and stability. This kind of investment was at the expense of any decisions that would ensure growth at the time. Fiorina was the HP CEO from 1999 to 2005 and during her tenure the main causes of loss of revenue and market share were due to the fact that she not only focuses on the future rather than current growth but she made investments that seemed costly to the company at the time but which she believed could bring greater revenue growth in the future. Great opposition from managers and some board members, coupled with the scandal on leaked company information saw the company image delve into the negative causing financial damage to the company. According to Evans-Correia (2005), â€Å"Broderick said HP still faces numerous problems. It continues to lose market share to Dell Inc. and its corporate-computing unit, which includes storage, software and server computers, has remained weak and unable to fend off competition from IBM and EMC Corp. â€Å"The company has good technologies, but their to-market strategy has not been effective. †Ã¢â‚¬  Though the merger with Compaq brought increased revenue growth in the future, at the moment the merger was given a go ahead and completed, HP encountered its share of losses that were a little higher than it may have predicted initially and announced publicly. The then CEO, Fiorina, was questioned about these losses and the apparent in-disclosure of these information to the public and board of directors. In his article, Intense Grilling Flusters Fiorina, one of the writers, Burt (2002) reported that â€Å"Just as he had done yesterday, Hewlett attorney Stephen Neal repeatedly grilled the chief executive about internal financial reports that predicted larger revenue losses for 2003 than HP projected in publicly issued statements. † Increasing counterfeit products could also be seen as one of the setbacks that cost HP its revenue, image as well as market share. While the merger with Compaq brought H-P an added competitive edge in the computer hardware manufacture, the acquisition of EDS, an HP Company will now see H-P attain a competitive edge in the IT Services sector. This means that both ventures are almost equally important to H-P in maintaining leadership in the IT industry. The Compaq merger/acquisition was aimed at gaining HP footing in the computer hardware industry while the acquisition of EDS was strategically targeted at giving the company the competitive edge in IT services and customer care. While HP was mainly focused on the sale of printers, expansion to the computer hardware would prove strategic at the time the merger with Compaq was initiated. The moment EDS came on board, expansion and enhancement of the HP outsourcing service delivery was realized. During ex-CEO Fiorina’s tenure, the main strategic choices that were made were aimed at cost cutting and investment in the future with new ventures. While Fiorina focused on new ventures and expansion of the business part of the company, Hurd focused on expansion, growth and retention of employees and enhancement of customer service and support. Fiorina was more focused on sales, high profits and numbers at all costs while Hurd focused on the company tradition of focusing on the employees as well as growth and expansion. While Fiorina went to on to cut jobs so as to cut on costs, Hurd took on a new stand by focusing mainly on all that could be done to maintain the best workers and staff retention as well as customer satisfaction. As stated by Hurd and Lesjak in the HP Annual Report (2008), â€Å"The addition of EDS further expands HP’s comprehensive, strategically assembled portfolio that provides unparalleled capabilities for delivering end-to-end solutions. More importantly, EDS adds a world-class, globally scaled services capability to HP’s established leadership in hardware and management software. † Since inception, the company has proven to be a greater competitor and leading in innovation and customer satisfaction.

Designing a Successful Multi-Generational Workplace

Designing a Successful Multi-Generational Workplace Introduction Significant characteristics including values, internal and external motivators, and communication styles vary greatly among employees. This diversity is a result of the variety of genders, ethnicities, economic situations, educations levels and ages represented in the workplace. We chose to review how age, or generational diversity, impacts the workplace today. Specifically, we wanted to look at how similarities or differences regarding the generational personalities of employees may affect the work environment and employee satisfaction. A generation is defined as a group that shares specific birth years and a common set of historical and social events. Each generation is defined by common tastes, attitudes, and experiences; a generational cohort is a product of its times and tastes (Zemke, Raines, Filipczak, 2000, p. 16). Most studies focus on the following groupings: the Matures or Traditionalists those born before 1946, the Baby Boomers born between 1946 and 1964, Generation X born between 1965 and 1980, and the Millennials or Generation Y born after 1980. Today, members of each of these generations are often represented in the workplace, especially as the Matures and Baby Boomers delay retirement due to economic circumstances. The Baby Boomers and Generation X are the most prevalent groups; however, the number of Millennials is continuing to increase. This poses a unique challenge to managers as they attempt to balance the unique perspectives and needs of the four generations, while creating a unified corporate culture. While this generational diversity, much like any other type of diversity, can cause conflict and breed stereotypes, we will outline recommendations for managers to adapt to the differences and leverage the similarities in order to use them as a source of creative strength and a source of opportunity (Zemke, et. al, 2000, p. 17). Historical Social Context Each of the aforementioned generations has a distinctive set of historical and social events that has shaped their development. Globalization of business has increased the breadth of nationalities that may be represented in an organization; however, for our study we will focus on the unique context of employees born in the United States. The Traditionalists or Matures were influenced by World War II and the Great Depression. They felt a strong sense of commitment to their families and country. They endured financial challenges and thus had to learn to work hard and sacrifice (Ballone, 2007, p. 10). These individuals also held onto the notion of a nuclear family with traditional roles. Ultimately, their commitment, foresight and hard work created the United States we know today from the infrastructure, to the space program and scientific advancements, to social programs such as Social Security (Zemke, et. al, 2000, p. 31). The Baby Boomers are the children of the Matures and were raised in the prosperity and expansion of post-World War II America. Their parents had sacrificed throughout the Great Depression and the war and wanted their childrens lives to be better. They were afforded opportunities to pursue their passions often without boundaries, causing them to be more optimistic and idealistic than the generation before. Since they were the largest generation of Americans, these individuals had to learn to work together from school-age on, while also maintaining a competitive attitude. Based on their upbringing and formative events, they often felt that the purpose of world they lived in was to actively serve their needs, wants, and whims (Zemke, et. al, 2000, p. 67). At the same time, societys status quo changed, affected by the Vietnam War and Civil Rights movement, which made individuals wary of authority and feel a need to gain power by challenging it. Generation X grew up in the shadow of the Baby Boomers. They are often characterized by a survivor mentality, as they grew up in the wake of the Vietnam War, the Watergate scandal and massive layoffs by U.S. corporations (Zemke, et. al, 2000, p. 95). Not only that, but the U.S. divorce rate nearly tripled during their birth years, so they became distrustful of the permanence of institutional and personal relationships (Lancaster Stillman, 2002, p. 25). The instability in economic structure, political affairs, and even home life created a strong desire to become self-reliant and learn to thrive in the midst of constant change. The final group in our study, the Millennials or Generation Y, was raised in the era of soccer moms who were extremely involved in the numerous activities of their children. Family life was usually centered on them and they were often involved in the decision making. They are the first generation to have access to technology since birth. Considerable exposure to various cultures, races, and religions through the internet and even their own classrooms, has given this group the opportunity to accept diversity as a norm in daily life, which is unique to that of the views of previous generations. Major events of conflict, including the shootings at Columbine High School in 1999 and the terrorist attacks of September 11, 2001, have also influenced this generations perspective, while their upbringing has caused them to feel empowered to take positive action when things go wrong (Lancaster Stillman, 2002, p. 29). Work Values Attitudes Work values shape employees perceptions of preferences in the workplace, exerting direct influence on employee attitudes and behaviors (Twenge, Campbell, Hoffman, Lance, 2010, p. 1121). The historical and social context in which generations were raised and entered the workforce may have an impact on values, attitudes and behaviors. It is essential for organizations to be aware of both common and differentiating traits between generations and also individual preferences, in order to adapt their management techniques for the combination of employees represented. The Matures tend to be very loyal to their employers and it is not uncommon for them to have a long tenure with one company. They believe in the idea of sweat equity and that hard work earns one leadership positions. This is most often the result of a soldiers mentality created through their experience with the military and its tiered system of rank and authority and is often reflected in the management hierarchy that exists in many corporations today where its best to have the brains at the top, in executive ranks, and the brawn on the bottom, on the front lines (Zemke, et. al, 2000, p. 41). This mentality is also evident in their discipline and unwillingness to buck the system or disagree with authority. Each person does his or her own part to achieve a goal, as determined by an identifiable leadership figure. Ambiguity and change are difficult for them and if forced to adapt, logic and facts are the elements that will make them the most comfortable. Ultimately, they want to leave a meaningful legacy and in the workplace this often means that they enjoy mentoring younger employees and sharing their extensive knowledge (Crumpacker Crumpacker, 2007, p. 353). The sheer size of the Baby Boomer generation created an understanding that competition was tough and that they would ultimately be responsible for their relative success (Hill, 2002, p. 62). Despite this competition, they understand that teamwork is important and often prefer a consensual leadership style (Ballone, 2007, p. 11). At the same time, the historical events which occurred during their formative years also lead them question authority and not always accept the status quo. They are comfortable with change and optimistic about what the future holds. However, since they are accustomed to being successful and pursuing their passions, they can be overly sensitive to criticism and feedback. Generation X-ers are extremely self-reliant and often seek autonomy and self-direction in their jobs. They witnessed their parents be downsized by large businesses and are distrustful of corporations and the validity of the established hierarchies. These individuals are also much more skeptical than the generations before, choosing to put faith in themselves and their abilities rather than putting it in others, being careful with their loyalty and commitments, for fear of getting burned (Zemke, et. al, 2000, p. 101). They are more casual in their approach to authority, appreciate a more informal atmosphere in the workplace, and are impatient with needless bureaucracy and slow decision making. Millennials value autonomy and the opportunity to learn, yet enjoy engaging with leaders and coworkers. These individuals are used to multi-tasking and being involved in numerous activities, so challenge and change is nothing new. They want feedback on performance, but sometimes have difficulty accepting criticism (Welsh Brazina, 2010, p. 3). Since they were heavily involved in decision making in their families from childhood on, the lines of authority are blurry and they prefer flat organizational structures. However, they do respect those in leadership positions and enjoy mentorship relationships. At the same time, they have high expectations and desire to start at the top. Millennials want to be invested in the vision of the company and make substantial contributions to that mission. They want to make suggestions right away and expect to be promoted quicklyà ¢Ã¢â€š ¬Ã‚ ¦and expect fulfillment and meaning in their work (Twenge Campbell, 2008, p. 865). If these expectations are n ot met, they do not shy away from seeking out other opportunities as their loyalty is to their work and coworkers, rather than the organization itself (Welsh Brazina, 2010, p. 3). Twenge, Campbell, Hoffman and Lance emphasize that these generational differences in work values can affect the perceived fit of employees within an organization. The vision and ideals of the companys founders, which today is often the Baby Boomers, can be reflected in todays organizational structure and culture. If new employees from any generation hold values that are different from those of the leaders of the company, they may experience person-organization misfit which could yield more negative attitudes toward work, decreased performance, and greater likelihood of turnover (2010, p. 1137). Work-Life Balance Work Ethic Ones work ethic and requirement for a work-life balance can be influenced by numerous intrinsic and extrinsic factors, yet ones generation has an impact as it relates to the aforementioned work values. The Matures work ethic was molded in an era of economic difficulty, so hard work and sacrifice are the rule rather than the exception. They also learned to not take a job for granted and are often thankful for the position they have earned. In their view, work is noble and ennobling; it is something to be revered (Zemke, et. al, 2000, p. 47). Their attitude is that its essential to get the job done and to do it well. The Baby Boomers have been characterized as workaholics who are accustomed to 80-hour work weeks. They often validate their worth through their careers, feeling strongly that work should be one of the most import parts of a persons life (Smola Sutton, 2002, p. 376). However, as some approach retirement, they are seeking more balance between their personal and professional lives. They have put in the hard work thus far in their careers; consequently they now feel entitled to more time to pursue lifelong ambitions and recreational activities. They may also have family obligations such as caring for their aging parents that make this balance a necessity. Generation X-ers are often described as slackers. This is not because they dont get the work done, but rather because they have a non-traditional view of how it gets done compared to the previous two generations. Flexible work arrangements, such as telecommuting, appeal to them. They desire a work-life balance, as they saw how much time, energy, and self-worth their parents invested in their jobs. These individuals value flexibility in their work and many would refuse a promotion if they feel the quality of their home life will be compromised (Ballone, 2007, p. 11). The Millennials grew up shuffling between numerous extra-curricular activities, so multi-tasking and multiple deadlines are not foreign concepts. They are also used to having information constantly at their fingertips and expect to have the tools necessary to perform their jobs efficiently. These individuals are willing to put in the extra effort, as they are optimistic and resilient in reaching for their goals and aspirations and know that the job is a means to an end (Ballone, 2007, p. 11). They expect to work more than forty hours a week to achieve the lifestyle they want (Zemke, et. al, 2000, p. 144). At the same time, they want the flexibility to work when and where they want so they can pursue their outside interests. The differences in work ethic and work-life balance expectations often cause the most disagreement between generations. Assumptions can be made about ones productivity and loyalty to the company based on these two factors, so managers must develop policies that offer options for the differing needs of employees. They could do so by implementing options such as telecommuting, job sharing, varying starting and ending times, or condensed work weeks. However, managers must recognize that the current culture and norms might not support such a shift, so communication of expectations and training are essential. Crumpacker and Crumpacker suggest training managers on a performance management focus that measures not whether the employee is present at work each day, but whether project deadlines are being met and/or whether work products are being delivered in a timely manner (2007, p. 359). Motivation The uniqueness of each generation may cause individuals to react to different sets of motivators and rewards, while seeking to obtain varying experiences and benefits from their job (McDonald, 2008, p. 62). Thus it is essential for managers to understand those potential motivators in order to design jobs and empower employees for maximum motivation. The Matures, Baby Boomers, Gen X-ers, and Millenials motivators may vary with respect McClellands acquired needs theory. McClelland maintains that the need for achievement, affiliation, and power are acquired as a result of ones life experiences. Those who have a high need for achievement desire to be successful, while the high need for affiliation drives individuals to be liked by others and those who have a high need for power want to influence others (Bauer Erdogan, 2010, p. 103). The Matures tend to be motivated when their experience is recognized and utilized by the organization. This is an example of their need for achievement, as they have worked hard throughout their career to be successful and want their actions and knowledge be connected to the overall good of the organization. Contrary to many stereotypes, these individuals rated recognition as the most important value in their work life an attribute most often associated to Millennial workers (Laff, 2009, p. 20). In addition, their status and the loyalty they have had over the years to the organization may translate into their need for power. As stated previously, they have a very traditional view of management hierarchies and how age and gender fit into them. They may be uncomfortable, which in turn could affect their motivation, when that structure is compromised with the implementation of a flatter, more egalitarian, environment. The Baby Boomers are motivated when organizations value their competencies, reward productivity rather than longevity, and create a sense of community (Kupperschmidt, 2000, p. 70). These motivators reflect these individuals need for achievement, power and affiliation. The Baby Boomers need for power is most evident in their desire to have freedom from supervision and control over their own destiny. These individuals have a high need for achievement, apparent in their workaholic tendencies and the value they place on extrinsic rewards such promotions, titles, corner offices, and reserved parking spaces (Kupperschmidt, 2000, p. 68). At the same time, they have a need for affiliation, as they value team-based environments and building consensus in decision-making. According to a study by Jurkiewicz and Brown, the Matures and Baby Boomers did not differ significantly on any of the fifteen work-related motivational factors measured, including learning, leadership, advancement and salary ( 1998, p. 27). Individuals from Generation X differ more significantly from the previous generations in terms of motivation. They are motivated by the opportunity to learn new things, leadership responsibilities, and making a contribution using their unique skills. These individuals want to be challenged and have a chance to try a variety of tasks, demonstrating their need for achievement. According to a study by Harris Interactive, 52% of Generation X employees want pathways to personal growth, compared with 41% for Boomers and 29% for Mature workers (Huff, 2006, p. 28). Generation Xs need for power is illustrated in their need to control their environment, as they do not want to conform to organizational norms, but would rather have the flexibility to decide how and where to get their work done (Jurkiewicz Brown, 1998, p. 26). Generation X-ers are more extraverted, but place less importance on social approval than Boomers did (Twenge, et. al, 2010, p. 1125), thus their need for affiliation is no t as high as the previous generations. Millennials are confident, assertive, and achievement-oriented (Ballone, 2007, p. 11). They are looking for a flexible work environment where they can learn, while also having fun. However, their need for affiliation is not high, as they do not want to conform or seek social approval (Welsh Brazina, 2010, p. 3). These individuals expect that the organizations should provide for their needs and offer freedom to succeed, and in turn they will produce results. According to Ronald Paul Hill, Millenials are more likely to be motivated by individual development plans and evaluation criteria that allow them to personally measure and judge their successesà ¢Ã¢â€š ¬Ã‚ ¦Motivation has increasingly turned inward, and work is more about personal fulfillment and less about external rewards (2002, p. 63). Millenials are ultimately motivated by seeing a connection between their personal growth and the growth of the organization. Team formation, rewards, and types of feedback are also influenced by the generational differences in motivators. For instance, Matures prefer long-term teams with long-term goals, while Generation X enjoys short term teams with short term goals. Managers should also understand the generations expectations regarding feedback and adapt ones approach accordingly so miscommunication and misunderstanding do not occur. Boomers require little feedback to do their jobs well, whereas Millennials like and expect constant feedbackà ¢Ã¢â€š ¬Ã‚ ¦likely a result of heavy parental direction and involvement in their formative years (Glass, 2007, p. 101). In regards to rewards, there are also varying expectations. Matures seek personal recognition, while Baby Boomers want not just public recognition, but also tangible rewards such as raises and promotions. Generation X appreciates being rewarded with additional flexibility and Millenials want more opportunities to learn. We have seen this in our workplaces, as Baby Boomers often desire individual, public recognition for an accomplishment, while Millennials would rather be rewarded with a more challenging assignment. Understanding these generational differences in motivation is beneficial for managers as they seek to align policies and incentives with individuals values. Companies such as Deloitte, Sodexho, and Cisco have recognized this need and specifically trained their managers on developing and managing a diverse and multi-generational workforce. For example, Deloitte provides a series of internal executive briefings that aim to help leaders understand, and capitalize on, the generational diversity of its U.S. workers. These briefings include an overview of common motivators and rewards for the generations, including learning and development opportunities, role models and work/life balance for Millennials, skill development, real-time performance feedback, immediate, tangible recognition rewards, flexible work arrangements, and positive work environments for Generation X, and retirement planning assistance, flexible retirement options, training, and time off, including sabbaticals for the Ba by Boomers (Deloitte, 2010). Technology Communication channels have changed extensively over the decades and continue to evolve rapidly. As new technologies emerge, workplaces face a challenge in accommodating the comfort level and styles of the various generations. The Matures lived through the Great Depression and the production of the television while the Millennials have lived and breathed the Internet since they were born. Generation X-ers typically fall just short of the Millennials knowledge of technology and Baby Boomers often have a hard time embracing new technologies. In business, it is important to understand the different views that generations have on technology. Moreover, it is important to understand that technology affects everything from how generations communicate to how they learn. Understanding the diversity of technological capabilities and views of different generations can create a positive work environment, can attract the best and brightest of the younger generations and can create a team culture. Edward Cone explains in Bridging the Generational Gap that managers must recognize generational differences to head off potential conflicts and leverage the benefits (2007, p. 5). He further explains that best managers need to think about ways that involve everyone doing their best work, recognizing that one group cant be successful without the other (2007, p. 4). The Matures, now 64 years old or older, had very little exposure to the technologies that are used today. To put this in perspective, the first regularly scheduled television service in the United States began at which time the early part of the Mature generation was born. While most of these individuals are currently or will be retired within the next few years, technology has come a long way during their careers. A common misconception about employees from this generation is that they cant learn technology and refuse to give up the reins (Lancaster Cox, 2004, p. 3). However, many people from this generation are open to new technology, they just may not have the experience that some of the younger generations have. The Baby Boomers grew up in a time when technology was evolving and more advanced than the previous generation. Although these individuals are less likely to accept new technology compared to Millennials, the youngest generation (Waxer, 2009, p. 18), they are typically more tech savvy than the Matures. The Baby Boomer generations biggest downfall relating to technology is its inability to rapidly accept and embrace technology. In Leveraging Generational Work Styles to Meet Business Objectives Neil Simons writes, Boomers tend to have a limited view of technologys role in optimizing workplace efficiency; they tend to look at business systems as discrete integrated solutions designed to meet a specific need. Simons further explains, As technology systems continue to evolve, this generation must be open-minded about exploring the latest technology solutions (2010, p. 32). In such cases, it may be beneficial to team Baby Boomers up with Millennials to try to overcome the technology gap. Generation X tends to use technology more frequently than the Baby Boomers. Generation X-ers grew up during the rise of video games, the inception of the home computer and saw the Internet become used as a tool for social and commercial purposes (Simons, 2010, p. 32). This generation is typically more advanced than the Baby Boomers; however, they may still lag behind the Millenials in proficiency and acceptance of new technology. Generation Y, or the Millennials, is the youngest of generations in the workforce today and is the most savvy and knowledgeable as it relates to technology. During technological advancements during previous generations, images had simply transferred from the TV to the computer screen. A major shift did not occur until the widespread advent of the Internet in the mid to late 90s (Proserpio, 2007, p. 70). The learning style of the generation essentially changed from verbal to virtual. This is an important aspect of the Millennials as their learning styles differ from the previous generations. Managers that understand this trait of Millennials can more effectively teach them by understanding that, for example, the old training videos or manuals may no longer be sufficient. In Blending Technology and Tradition, Amato-McCoy suggests delivering training through MP3 downloads (2008, p. 50). Having grown up in a time with constant exposure to the internet, Generation Y workers also have a hi gh expectation of instant access to information and records. Unlike a time when communication was done via the US Postal Service, Millennials grew up communicating with instantaneous feedback and results. Text messages, social networks and emails all contribute to this expectation of transparency and immediate access to information and may cause these individuals to be impatient with generations who do not keep up. It is important for managers to understand the technological viewpoints and capabilities of different generations in order to share information more effectively and efficiently. An example of overcoming these differences is seen in the Suwannee River Managements record keeping system. Dianne Bell, records coordinator for the Suwannee River Management District, explains that, Engineers like paper, especially the older ones (Boomers). They want something they can hold in their hands when they go out into the field. But once some of the younger ones find out they can access documents from their PCs, they fall in love with our automated record management system and use it every opportunity they can get (Simons, 2010, p. 32). Another example of implementing new practices for younger generations, but allowing older generations to keep their same practices is how Virgin Entertainments employees communicate. Virgins employees communicate via text messages with younger generations, but via em ails and phone calls with the older generations (Amato-McCoy, 2008, p. 50). These types of practices are important because it allows the company to be at ease knowing their employees received important information in a manner that is the most comfortable to them. If, for example, the younger generation is more comfortable receiving text messages, they will check their cell phones more often. On the other hand, if the older generation is more comfortable receiving emails, chances are that they will be checking their email more often. Either way, organizations are getting information out to employees and customers in a timely manner, increasing productivity. One thing is certain; technology is not going away. In order for organizations to attract and retain young talent, they will need to continue to implement new technologies into their businesses. On the other hand, they also need to provide training tools and a culture of learning in order to increase previous generations comfort with technology. For example, Urban Outfitters uses instant messaging instead of emailing (Amato-McCoy, 2008, p. 50). Not only is this form of communication quicker, but it cut down on storage needs, allowing record archives to decrease. Zappos uses Twitter to run new ideas by its fan base as well as alerts to internal issues like outages (Amato-McCoy, 2008, p. 50). Conclusion: Designing a Successful Multi-Generational Workplace It is imperative for organizations to evaluate their current culture and policies in order to ensure they meet the needs and values of their multi-generational employees. If necessary, the generational differences in work values, desire for work-life balance, motivators, and use of technology which we have identified create opportunities for organizations to design various human resources policies and adapt their management styles to increase workplace satisfaction. These polices can encompass numerous areas including communication mechanisms, training and learning opportunities, rewards, and other benefits. To ease the implementation of such workplace modifications, it would be beneficial for organizations to train both managers and employees on the background and work attitudes of their diverse and multi-generational workforce. Betty Kupperschmidt encourages aggressive communication by managers: They must foster open discussions of what different cohorts are looking for in a job, what makes work rewarding, and what organizational factors attract and retain multigeneration employees (2000, p. 71). Since each individual sees their work values and experiences through their own framework, educating the workforce on the generational similarities and differences will aid in the recognition of these characteristics and development of a united corporate culture, rather than promotion of negative attitudes and stereotypes. As indicated previously, each generations use of and comfort with technology varies, so organizations should consider communicating important messages through multiple channels to ensure it reaches all workers. For example, an organization may use blogs, social networks, or instant messages to communicate to Millenials, whereas face-to-face meetings or memos may work better for Baby Boomers or Matures. We have seen this in our own companies with the communication of health insurance information via online tutorials, in-person classes, and distribution of hard copies. An organization should consider adapting training methods for each generation, as their learning styles also differ. Mangers should personally delivering information and education, possibly in lecture format, for the Matures, while Baby Boomers prefer team and consensus-derived information and technology is the best avenue for teaching Generation X and Millennials (Kupperschmidt, 2000, p. 72). Our companies accommodate these differences by providing both in-person and online training, so that individuals have the flexibility to choose. Most Baby Boomers and Matures take advantage of in-person training, while Gen X-ers and Millennials prefer the online training. Employees within each generation also have different preferences for the type and amount of guidance and feedback they receive; therefore managers may need to adjust their leadership and communication styles when interacting with and evaluating the performance of different generations. For instance, performance feedback at an annual review is often sufficient for both the Matures and the Baby Boomers, while more continuous feedback is appreciated by Millennials. In terms of leadership and guidance, the Matures prefer consistent, respectful and direct leadership, while Baby Boomers prefer a more democratic approach. Generation X wants more informal, yet results-oriented leaders, and Millennials seek collaborative, achievement-oriented and coaching type leadership. An example of tailoring ones style to such differences is given in our textbook, where a regional manager at Novo Nordisk Inc. would start each performance feedback e-mail with recognition of team performance, which was late r followed by feedback on individual performance (Bauer Erdogan, 2010, p. 35). A culture of learning could also be fostered by offering job sharing opportunities or possibilities for lateral movement. This would give employees from any generation an opp