Organizational Behavior And Combat Turnover - 874 Words

Employing the Contributing Disciplines of Organizational Behavior to Combat Turnover Organizational behavior is a field of study that investigates the impact that individuals, groups, and structure have on behavior within organizations, for the purpose of applying such knowledge toward improving an organization’s effectiveness (Robbins Judge, 2013). Essentially, Organizational behavior is the study of the actions of people inside of an organization, and how those actions affect the organization’s efficiency and performance. Suppose the CEO of an organization gives a manager the task of studying why the turnover rates of the organization have climbed to over 35% in the last 18 months. The manager can use the four disciplines that contribute to the organizational behavior field to analyze and solve the issue of high turnover. Psychology Psychology is one of the four disciplines that contributes to the organizational behavior field, and it seeks to measure, explain, and sometimes change the behavior of humans and other animals (Robbins Judge, 2013). From a psychological perspective, there could be many contributing factors that are causing employees to leave their jobs within the organization. Firstly, the managers within the organization may be doing a subpar job of motivating their employees. Secondly, the employees may not be receiving the appropriate amount of training. If the employees are not receiving the proper amount of training, they are more apt to becomeShow MoreRelatedOrganizational Motivation and Leadership Issues in a Department of Veterans Affairs Medical Center1235 Words   |  5 PagesOrganizational Motivation and Leadership Issues in a Department of Veterans Affairs Medical Center As the nations largest healthcare provider, the Department of Veterans Affairs (VA) operates a sophisticated network of medical centers, outpatient clinics, Vet Centers, domiciliaries and other long-term care facilities for millions of veteran patients. 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Identifying the strengths of organizational leadership presented by Sales and Marketing (PI) Kenneth Bright along with OD consultant can lead and manage the organizational change. The OD consultant plans to introduce and communicate the change initiative to the employees begin with an interview questions by gender, organizational levels and age. Using Lewin’s method (B), functions (f), personality(P), motivators and the environmentRead MoreOrganizational Behavior : An Organization1054 Words   |  5 Pagestask of organizational structure is to encourage people to work hard and coordinate their effort to ensure a high level of organizational performance. To this effect the four key concepts that assistance in achieving the needed performance include understanding the meaning of organizational behavior; individual differences; values, attitudes, and moods and emotions; perception and attribution, and the management of diversity. 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The Crucible An Extreme Test Of Tolerance And...

Ricardo Ramirez Dr. Bonnie Ronson ENC 1102 The Crucible One meaning of crucible is an extreme test of tolerance and conviction, or a trial. This definition relates to Arthur Miller s four-demonstration play, The Crucible. The definition is suiting, in light of the fact that it is during this tale that the volition of guiltless ladies and men are put under a magnifying glass when they are blamed for things they didn t do. It was a definitive trial of determination and resolve to withstand such a pitiful difficulty. John Procter, Abigail Williams,Mary Warren, Reverend Parris, Elizabeth and even Reverend Hale had changed definitely due to what they needed to experience amid the progress of the play. Notwithstanding, different characters, for example, Ezekiel Cheever and Marshall Herrick did not so much change recognizably. Reverend Parris, John Proctor and Reverend Hale are some of the characters in The Crucible that this paper aim to discuss in reference to the change that they underwent. Reverend Samuel Parris is an individual from the play The Crucible who all over sudden changed in the progress of the play. At the starting of the play he was adressed as a sinister, cruel, Scrooge-like Reverend. He is shown screaming in the first act at his slave, Tituba, and proceeds yelling at Abigail Williams, his own niece. Pariss is furious when he understands that his girl Betty and his niece Abigail moved in the forest and possibly performed witchcraft, heShow MoreRelatedStephen P. Robbins Timothy A. Judge (2011) Organizational Behaviour 15th Edition New Jersey: Prentice Hall393164 Words   |  1573 PagesManagers Relieve Stress on Their Employees 607 Questions for Review 608 Experiential Exercise Power and the Changing Environment 608 Ethical Dilemma Changes at WPAC 609 Case Incident 1 Starbucks Returns to Its Roots 610 Case Incident 2 The Rise of Extreme Jobs 610 Appendix A Research in Organizational Behavior 616 623 Comprehensive Cases Indexes Glindex 637 663 About the Authors Stephen P. Robbins Education Ph.D. University of Arizona Professional Experience Academic Positions:Read MoreManagement Course: Mba−10 General Management215330 Words   |  862 Pagesusually was judged and measured by the depth and capability and hard-asset credentials of the company’s management. That, of course, remains critically important. However, American companies whose performance most readily slipped in the economic crucible at the beginning of the twenty-first century (and whose recovery was among the slowest) seemed to rate highest in hard-asset terms compared with the many companies with a higher mix of soft-asset management strength, whose results were far better

How Human Resource Management Apply to the Top Management

Question: Discuss, how human resource management apply to the top management? Answer: Introduction Planning and the improvement of a HR system is a discriminating piece of the HR process. It is critical that all HR courses of action and activities are produced as a feature of a general individuals method which is adjusted to, and intended to aid in the accomplishment of, the hierarchical technique and objectives. A key piece of the HR arranging part is the improvement of a workforce arrangement. This arrangement is a configuration for the association to draw in, hold and add to the workforce needed keeping in mind the end goal to the meet it is available and future needs. Another key part of the HR capacity is the improvement and usage of strategies and related methodology. There are imperative viewpoints to incorporate when building up an arrangement to guarantee it is deciphered and actualized accurately when taken off over an association. The management is the demonstration of accomplishing things, essentially through individuals, to accomplish sought objectives and certain targets. Execution of any fruitful technique in an association relies on how much the Top Management is focused on the achievement of association. Furthermore, this part would be clear throughout the execution process. The administration is a constant procedure of arranging, sorting out, driving and controlling an association. Top-level administrators are in charge of controlling and administering the whole association. As opposed to direct the regular exercises of the firm, they create objectives, key arranges, and organization approaches, and in addition to settle on choices about the bearing of the business. Problem Statement The corporate HR capacity sets the key pace and gives specific learning and heading while HR generalists execute and adjust to fit the needs of particular business bunches. A sound strain exists between the approach mandates controlled by corporate HR and the different needs of different specialties units; however the best experts have the capacity to attain to a solid parity as a result of their profound comprehension of current HR abilities, corporate procedure and divisional business goals. Aims of the Study According to Colbert, Barrick and Bradley (2014), the top administration group of an organization controls choice making that influences everybody starting from the president to passage level workers. Those choices, alongside the way the administration individuals treat the staff, influence the accomplishment of the organization. Understanding those impacts helps the administration group roll out improvements as important to enhance the accomplishment of the organization. The investigation aim oat finding out if the HRM is applicable to top management. Significance of the Study The study will present the need to see the HRM and the top management functions in the organization. It will as well give employees a clear picture of the HRM unit and the top management. It findings will act to guide the management of the organization towards attaining the set objectives. Research Questions The following are the research questions. 1. What are the roles of the top management in HRM section? 2. What is the role of the HRM in an Organization? 3. How does top HRM apply in HRM? Literature Review Introduction The chapter will examine relevant literature that has been carried out in the spears of the top management and the HRM in organizations. The chapter start by the introduction, examine the various aspect of HRM in an organization with a view of looking at their relevance to the top management. It will as well examine the top management functions in an organization. HR as a Strategic Partner Albeit numerous HR capacities have started to assume a vital part in controlling progression administration, learning maintenance, and other venture wide activities, there is still open door for such capacities to enhance and really change key impacts and chiefs. The squeezing requirement for associations to keep up a differing pool of capable pioneers, catch skill from leaving workers, and outsource value-based exercises to concentrate on center abilities has elevated the significance of the HR capacity. The individuals who need to stay applicable will concentrate on deliberately supporting their associations and the clients they serve (Kerzner, 2013). Thus, the vital organization made between official authority and HR is not a natural result; it is accomplished intentionally more often than not as the aftereffect of some need or business driver that prompts the association to make intentional move to fulfill that need. For HR to be a successful key accomplice in any association, the HR experts must comprehend two things: 1) the matter of the business and 2) that HR work starts with the business, not HR (Ulrich, 2013). Information of the business, support for the system, and the capacity to make an interpretation of each movement to key targets under brace the accomplishment of our best practice pioneers. Besides, this methodology can't be finished overnight (Buller McEvoy, 2012). Another part of turning into a vital accomplice with the business is exhibiting backing for authoritative/business methods through the arrangement with those procedures. Such arrangement places HR in a superior position to convey esteem, which along these lines shows validity. Expanding believability prompts expanded trust, which bonds the HR office's position as a vital accomplice in the association. At the point when requested that portray the HR relationship to corporate method, the greater part of the accomplices showed that the HR association is an imperative accomplice in either the improvement or usage of corporate technique (Gilbert, De Winne Sels, 2011). HR and the Strategic Process Basic to HR's working as a vital accomplice is the HR office's part in the key methodology. Not just is it vital for HR to take part in the corporate key arranging methodology to further its comprehension of business requirements for the up and coming year, it is likewise essential to adjust its own particular schedule and center with the corporate plan to backing HR's position as a key accomplice (Keegan, Huemann Turner, 2012). In the event that HR is to be a genuine accomplice in the key procedure, it must consider method detailing and execution as important as does a line chief. In this way, coordinating HR as a piece of the corporate timetable is discriminating to the vital association's prosperity. HR accomplices have a tendency to take part in the working business cycle in two ways. To start with, they form HR techniques that add to the company's key objectives amid the same time allotment that specialties units are building up their targets (Mello, 2014). Grooming Leaders Checking on execution and perceiving the capability of pioneers are vital keys to an organization's future. In best-rehearse associations, the capacity to convey the outcomes plot in the vital arrangement is adjusted with energy about an individual's potential for further development and advancement. A survey of both these variables is a genuine and standard piece of the methodology process (Van Buren, Greenwood Sheehan, 2011). Qualities and abilities are the establishment of authority advancement. The best practice accomplices in the study had a tendency to start the procedure of creating pioneers with an establishment of key corporate qualities and afterward centered on key abilities that developed out of the quality base and the key mission (Van Buren, Greenwood Sheehan, 2011). With inborn values set up, representatives must have vital abilities for administration advancement. Best-hone associations start the authority improvement exertion by guaranteeing that representatives comprehend and encapsulate the organization's qualities (Beattie Osborne, 2013). With an establishment in light of the company's qualities, representative skills can be perceived and encouraged through an association between corporate, particular organizations and the person. The greater part of the best practice models perceive the idea of "corporate property" in which building up the vocations of key administrators is seen as being corporate obligation. This implies that the best qualified individual for a key division or specialty unit employment may be given a formative task to aid somebody from another business, notwithstanding when a successor inside the organization has been prepped for that occupation. While, individual is relied upon to deal with his/her a player in the association by reacting to input, enhancing in key territories and imparting hobbies and confinements (Gilbert, De Winne Sels, 2011). The organization will have the capacity to recognize key minutes for improvement known as move focuses. Particular formative exercises are regularly attached to a looming need or to another sort of test. These move focuses offer essential "open to instruction minutes (Buller McEvoy, 2012). Move focuses offer an unmistakable open door for organizations to break down and audit individual workers' profession encounters and to make formative arranges likewise. With right on time recognizable proof of potential pioneers, organizations have the capacity to all the more viably plan for future initiative advancement exercises. By utilizing key move focuses, organizations can augment formative open doors, along these lines improving administration improvement capacities (Kerzner, 2013). The Role of Top Management in Organizations Success Corporate Culture The corporate strategies and satisfactory practices by and large begin at the top level of administration. The pioneers of the organization make strategies and desires through those approaches. The way the organization is run normal, in light of those approaches, aides create the corporate society. A culture that energizes innovativeness and development is prone to result in an organization that is fruitful and consistently concocts new thoughts. A smothering corporate society confines the endeavours of the representatives, making it troublesome for the organization to progress (Hill, Jones Schilling, 2014). Organization Goals The objectives and vision of the organization control the work that is finished by the workers. Top administration is typically in charge of creating these objectives. To reach higher accomplishments for the organization, top administration needs to secure objectives that push representatives to develop. The objectives must contemplate the organization's present circumstance. The administration group needs to choose what accomplishments it needs to reach and how the organization will develop going ahead. Composing solid, particular objectives for the organization aides coordinate the workload for the workers (Zhang, Linderman Schroeder, 2012). Resource Management and Support An organization's budgetary choices normally originated from the top level of administration. This incorporates each office's financial plan for the monetary year. By and large, the buy of gear and different resources must be sanction by top administration. In the event that the representatives don't have admittance to the hardware and assets important to finish their employments, the organization's accomplishment endures. An administration group that backings the staff and has a feeling of what they need is better prepared to lead the organization to achievement (Hill, Jones Schilling, 2014). Motivation The top administration of an organization shows others how its done and influences the inspiration felt by the workers. An administration group that takes a genuine intrigue and joins with the staff is more prone to motivate the representatives to accomplish. Straightforwardness from the administration group about the organization's future guides in rousing the staff in light of the fact that it issues them a superior thought of the purposes behind their work obligations (Zhang, Linderman Schroeder, 2012). Research Methodology Introduction In relation to study by Gravetter and Forzano (2015) qualitative research is utilized by researchers to observe facts from their own perspective and dig out the details and implication so as to obtain a comprehensive discernment of a predicament. According to Jackson (2015), the five aspects of qualitative research which are illustrative data, naturalistic, inductive reasoning, concern with procedure, and meaning stresses the need and importance of qualitative research. Adopting both qualitative and quantitative approach is to bring into line the researchers epistemological standpoint, which has come out from an interpretation idea that understanding of the planet is purposely composed via an individuals living encounter. Research Design The study will utilise mixed technique in a phenomenological research perspective. This method will be adopted since it facilitates utilization of both qualitative and quantitative methods of research. The research will employ questionnaire for capturing quantitative collection of data and interview with open-ended questions for qualitative collection of data. According to Vaishnavi and Kuechler (2015), the researcher is given the discretion to employ both quantitative and qualitative methods that support sensitivity, contextual, coherence, and creativity and should be born in mind that the mixture of quantitative data does imply the use of both mixed approaches. The two methods complement one another. The introduction of quantitative questionnaire in the research is to dig deep into the problems at hand in the study environment. Data Collection and analysis Based on the phenomenological research blueprint, interviews will be the principal technique of collecting data. The researcher will also undertake observations and spread a questionnaire for data collection. Interview Salazar, Crosby and DiClemente (2015) asserts that interviews are key component of collecting data with utilization of phenomenological research. Furthermore, an interview is the importance creating procedure of identifying other occurrences. Therefore, the researcher feels that interviews will give an excellent way of obtaining information from the resource persons to comprehend their opinions and encounters, since in an interview condition is probable a researcher to get detailed facts by questioning. Therefore, interrogation is an ideal means of collecting data in a circumstance where detailed facts are needed. Observation In order to provide support for interview technique, the researcher will employ observations technique where every participant will be observed in teaching and learning tasks. This will assist the researcher obtain a comprehension of phenomenon and get a perspective of the issue at hand. This is selected owing to the reason that data is obtained via direct experience and understand the surroundings, the circumstance and the HRM and top management practice Information gathered is first hand as well as uncovers deduce the importance for reacting to any research question. Information will be obtained and recorded in a semi structured schedule intended for observation reflecting on approach in relation to evidence based practice in inclusive environment. Hence, the technique is a focused, orderly and selective means of studying and paying attention to a communication or occurrence as it unfolds. In this technique audio recording will be employed to capture the participants interaction in the learning environment and to listen to the recorded information later in the analysis of facts captured (Zirkel, Garcia Murphy, 2015). Questionnaire This data collection technique will be employed to examine top managers approaches and interest concerning HRM. It will developed to comprise of two scales with the first one comprise of four point scale whereas the second one seven point scale for rating and assessing attitudes respectively. This is chosen as it offers a chance to gather information concerning the managers routines as well as values. This is supported by Mrtl and Gelo (2015) that scales of attitude offer the depth of an aspect or an issue as it will provide a way of merging diverse aspects to one indicator thereby lessening the danger of influencing of opinions by a section of respondents on the issue at hand (Mrtl, Gelo, 2015). Ethical Considerations According to Elman, Gray and Thorpe (2015), trust is essential in carrying out research in an area as this will make the research trusted as well as ease resource persons mood and make them comfortable. Therefore, the researcher has a role in creating that trust between him and the resource persons. The researcher will accomplish this through permission from all relevant authorities. This will be done through writing a consent form stating the research topic, level of study, and the target resource persons. On top of this, ethical confidentiality will be upheld. It will be achieved through guarding the resource persons identities and maintaining confidentiality in all information that will be collected through assigning pseudonyms to employ when referring to them. The researcher will talk to all participants prior to carrying out investigation so as to make them feel free and unleash all facts without holding back owing to fear or intimidation as this is the essence of research ethic s. References Beattie, R., Osborne, S. P. (Eds.). (2013). Human resource management in the public sector. Routledge. Buller, P. F., McEvoy, G. M. (2012). Strategy, human resource management and performance: Sharpening line of sight. Human Resource Management Review, 22(1), 43-56. Colbert, A. E., Barrick, M. R., Bradley, B. H. (2014). Personality and leadership composition in top management teams: Implications for organizational effectiveness. Personnel Psychology, 67(2), 351-387. Elman, C., Kapiszewski, D., Kirilova, D. (2015). Learning through Research: Using Data to Train Undergraduates in Qualitative Methods. PS: Political Science Politics, 48(01), 39-43. Gilbert, C., De Winne, S., Sels, L. (2011). The influence of line managers and HR department on employees' affective commitment. The International Journal of Human Resource Management, 22(8), 1618-1637. Gravetter, F., Forzano, L. A. (2015). Research methods for the behavioral sciences. Cengage Learning. Gray, E. A., Thorpe, J. H. (2015). Comparative effectiveness research and big data: balancing potential with legal and ethical considerations. Journal of comparative effectiveness research, 4(1), 61-74. Hill, C., Jones, G., Schilling, M. (2014). Strategic Management: Theory: An Integrated Approach. Cengage Learning. Jackson, S. (2015). Research methods and statistics: A critical thinking approach. Cengage Learning. Keegan, A., Huemann, M., Turner, J. R. (2012). Beyond the line: exploring the HRM responsibilities of line managers, project managers and the HRM department in four project-oriented companies in the Netherlands, Austria, the UK and the USA. The International Journal of Human Resource Management, 23(15), 3085-3104. Kerzner, H. R. (2013). Project management: a systems approach to planning, scheduling, and controlling. John Wiley Sons. Mello, J. (2014). Strategic human resource management. Cengage Learning. Mrtl, K., Gelo, O. C. G. (2015). Qualitative methods in psychotherapy process research. In Psychotherapy Research (pp. 381-428). Springer Vienna. Salazar, L. F., Crosby, R. A., DiClemente, R. J. (Eds.). (2015). Research methods in health promotion. John Wiley Sons. Ulrich, D. (2013). Human resource champions: The next agenda for adding value and delivering results. Harvard Business Press. Vaishnavi, V. K., Kuechler, W. (2015). Design science research methods and patterns: innovating information and communication technology. Crc Press. Van Buren, H. J., Greenwood, M., Sheehan, C. (2011). Strategic human resource management and the decline of employee focus. Human Resource Management Review, 21(3), 209-219. Zhang, D., Linderman, K., Schroeder, R. G. (2012). The moderating role of contextual factors on quality management practices. Journal of Operations Management, 30(1), 12-23. Zirkel, S., Garcia, J. A., Murphy, M. C. (2015). Experience-Sampling Research Methods and Their Potential for Education Research. Educational Researcher, 0013189X14566879.

Woolworths Financial Perfomance Essay Example

Woolworths Financial Perfomance Essay An analysis of Woolworth financial performance over the last two financial years show that the firm are improving their figures by raising or keeping their Liquidity, Gearing, Profitability or Efficiency consistent. This analysis can help provide insights on whether it is a smart choice to buy shares in Woolworth. Looking into the firms financial performance and proposed financial strategy an interpretation can be made on the risk and reliability of investing in Woolworth. Liquidity matches with the capability of companies to deal with short-term cash acquirement. The risk involved in investing into a company with low liquidity levels is that the business may experience cash flow problems. The inability for e. G. Woolworth not being able to pay their short-term liabilities could then later result in Woolworth becoming insolvent, meaning they are unable to pay debts altogether when they fall due. If Woolworth were unable to pay these debts, this would mean they would have to borrow money, which would affect (deteriorate) their profitability levels. With lower revenue, the WOW share price will not give their investors as much turn meaning not as many people will invest in Woolworth. We will write a custom essay sample on Woolworths Financial Perfomance specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Woolworths Financial Perfomance specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Woolworths Financial Perfomance specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Based on the financial report of Woolworth, It can be seen that Woolworth liquidity levels have risen consistently made sure they avoid the problems listed above through their Multiple Earnings Streams meaning they always have a consistent cash flow. Although firmly based in the retail sectors, Woolworth has multiple income streams that allow the company overall to continue to perform. In the worst of times, people always have to eat, so combined with Woolworth discounting business model, this earnings stream should perform reasonably well no matter what happens. Woolworth also operates discount department stores, consumer electronics outlets, as well as home improvement and hardware outlets such as Big W, Dan Murphys (directors report 2013). The retail nature of the business also means mainly cash sales so they business always have a source of cash flow coming into company. Woolworth have a steady rate of liquidity meaning they shouldnt have to deal with a cash flow problem allowing their profitability levels to reach their potential and also allowing their share price to continue rising. This share is definitely reliable because the company have cured ways to avoid any liquidity problems so that shareholders can receive maximum dividends. The profitability of the business is essential in deciding whether or not to invest in shares in the business. The company has a responsibility to provide maximum profits to shareholders. Woolworth have financial priorities such as acting on their portfolio to maximize shareholder value, maintaining their track record of building new growth businesses and putting in place the enablers for a new era of growth. They focus heavily on satisfying their shareholders. The chief executive of Woolworth Grant OBrien has proposed a new financial strategy. According to his statements, Woolworth plans to open 39 new supermarkets, seven new BIG Was and 15 new Masters Home Improvement stores before the end of the financial year. (http:// growth-strategy. HTML) This means more sources of income and profits. Growth is essential because the more the business is growing, the more the value of the share will rise because of capital gains which then leads to profit for the shareholders that had the shares before the growth period that sees share prices rise. Then the business must distribute the dividends to its shareholders. From there the shareholder must assess the stability of the share to hold its high price and it becomes a case of return vs Risk. The continuous growth of the Woolworth is clearly evident. This is extremely beneficial for investors as growth is the biggest driver of stock price. From analyzing Woolworth financial performance it is evident that they have kept a steady profitability rate of 26% over the past two financial years. An additional 1. Million customers on average every week came through our doors in the quarter. This drove increases in market share and basket size in our Australian Food and Liquor business, which recorded a 4. 5 per cent increase in sales, (Chief executive Grant OBrien GM). Through the evidence of satisfactory and consistent growth Woolworth achieve, buying shares in Woolworth at the right price would be a good choice because their continuous growth always ends up in more profit for the shareholders because their share value will continue rising. Teens those funds that have been supplied by the owners (equity) and those, which have been, borrowed debt. The higher the gearing levels of a business level are meaning the more risk an investor makes when buying shares but also a greater hence of making larger amounts of profits. When observing Woolworth balance sheet statistics from 2012 to 2013 it can be seen that there has been 0. 1% deterioration in their gearing levels from 1. 6 down to 1. 5 percent (Woolworth balance sheet 12-13). These gearing levels are relatively manageable meaning that there is low risk in investing in their shares because the company maintains a steady level of growth and profits meaning there share value cannot fluctuate too much because their financial performance is almost predictable so there isnt a high level of risk when investing in their company. If Woolworth choose to raise the leverage levels they can use equity to generate funds so that the business can distribute shares amongst its shareholders (new issues, rights issues, placements, share purchase price), which will result to a constant cash flow into the business. They may choose to do this so that the company can resolve liquidity problems as the business is constantly receiving capital to pay debts as they fall due to. This can then go on to resolve profitability problems. Investing in shares with Woolworth would not be overall a major risk but you wont be making as much profit as fast. These shares are definitely good for a slow and steady profit so I would invest in Woolworth shares. In conclusion, through the analysis of Woolworth financial performance over two financial years and examining their financial strategies, I think Woolworth have definitely found ways to achieve their objective of maximizing shareholder profits because they have kept consistent and keep improving in their yearly balance sheets and income statements. They also have financial strategies in place that will always support and help the share prices to reach their full potential so that investors will chive a steady and good amount of dividends from the company so I would definitely buy shares in Woolworth.

Risk Control Systems and Performance

Critical control systems Critical risk control systems are essential in various infrastructures notably those in the energy sector.Advertising We will write a custom assessment sample on Risk Control Systems and Performance specifically for you for only $16.05 $11/page Learn More Due to the increased integration in enterprise systems in modern settings, there is an increased need for the establishment of inherently secure risk control systems which are designed and implemented in such a way that they minimize vulnerabilities to constant threats being posed by both internal and external forces (Young et al. 2005). Occurrence of these risks would heavily impact on the effectiveness and efficiency of the organization consequently impacting on the profitability as well as the outlook of the organization (Fraser 2010). Energy companies are often confronted by severe technical security risks due to the delicate nature of their operations. It is, therefore, the duty of the organization’s owners and operators to establish the link between the prevailing risks in production and distribution process for energy products and vulnerabilities inherent in the risk control systems (Young et al. 2005). Subsequently, the firm’s management should institute and integrate risk control systems, which should be continually improved in order to defend creation and distribution operations from any harm (unintentional and intentional). It is essential for companies to implement efficient risk control systems since failure of the same may result in endangerment to human life and the environment, loss of profitability for the affected company, and harm to the nation’s energy production infrastructure (Young et al. 2005). Risk refers to the possibility of occurrence of an event that could adversely affect the company’s personnel, assets, environment, reputation, or even overflow to the external surroundings (Poupart-Lafarge 2007). R isk is, therefore, a necessary part of the organization which should be approached with a lot of caution.Advertising Looking for assessment on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Since risk-taking is an inherent part of any business enterprise seeking to prosper in the market, it is important for the organization to embrace an amount of risk adequate for effective performance of the business. However, these risks require proper management and control in order to enhance the company’s ability to achieve its long term objectives and maintain its profitability. Risk management and critical control systems play an essential role in directing organizations towards achieving operations safety by continually preventing and managing these risks (Poupart-Lafarge 2007). Risk control systems, therefore, refer to a dynamic system adopted by a specific organization to regulate and maintain risks in the company at ce rtain acceptable levels (Poupart-Lafarge 2007). Critical risks control systems entail a set of resources, procedures, guidelines and actions that are adopted by the organization in order to manage risks. The risk control systems play a major role in creating and preserving the organization’s values, assets as well as its reputation in both the internal and external environment (Poupart-Lafarge 2007). The risk control systems seek to identify and address the potential risks and opportunities that the company is likely to incur in the future on occurrence of risks after which they address and anticipate these risks rather than submitting them passively. The risk management systems assist in the process of decision making and the company’s processes to attain its objectives (Poupart-Lafarge 2007). Through the control systems, the organization seeks to identify the main incidences and events that are likely to influence the company’s long term performance and interf ere with the attainment of the company’s objectives. Since it is every organization’s goal to reach the highest level of performance, controlling these risks promotes the company’s performance and enhances the attainment of the company’s objectives. Risk management is an integral part of any organization’s decision-making and operating processes since the decisions made by the organization have to be based on the possibility of occurrence of various risk. Risk control systems allow managers to gain a comprehensive outlook of the company’s threats an opportunities consequently enabling them to make informed decisions based on the probability of risk.Advertising We will write a custom assessment sample on Risk Control Systems and Performance specifically for you for only $16.05 $11/page Learn More Risk control systems and risk management promote consistency of the company’s actions with its value (Poupart-L afarge 2007). This is because they seek to address the issues likely to affect both the internal and external environment consequently demonstrating corporate responsibility. Occurrence of risks often threatens the company’s credibility and reflects the company’s lack of consistency between decision-making process and critical risk costs. It is therefore important for organization’s to contain the effects of risks occurrence by ensuring that the risk is efficiently controlled. Sound risk control systems significantly reduce the probability of risk occurrence consequently promoting the image of the organization both internally and externally. In addition, risk management systems promote cohesion among company’s employees as well as other stakeholders as they work together behind a shared vision of reducing the incidences of risk occurrence in the organization. It is the duty of each organization; therefore, to establish a risk control system that is applic able to its specific circumstances (Poupart-Lafarge 2007). The risk control system should incorporate an organizational framework that defines the roles and responsibilities of all the stakeholders, sets out the procedures, and clearly outlines the consistent standards of the system in order to enhance the attainment of its purpose. In addition, the framework should constitute a risk control policy that sets out the system’s objectives in accordance with the corporate culture that should highlight the company’s approach to the identification, analysis and management of risks in the organization. Further, the system should have an advanced information system that facilitates efficient and accurate dissemination of information within the organization. This ensures that the relevant information is transmitted intended recipient within the stipulated time, which consequently enhances performance in the organization. An efficient risk control process manifests itself in a t hree-stage process; the three-stage process entails risk identification, risk analysis and risk management procedures (Poupart-Lafarge 2007). In risk identification, the company seeks to establish the main risks threatening the company’s attainment of its goals and objectives. These risks may derive from internal or external forces.Advertising Looking for assessment on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Risk analysis, on the other hand, involves the examination of the potential financial, personal, and environmental as well as the reputation implications of the risk occurrence on the company (Greenberg 1991). This enhances the company’s response to accidents upon occurrence. Further, the likelihood of risk occurrence should be assessed in order to award priority to events most likely to occur. The final step involves risk management procedures, whereby the most appropriate action plans for the organization are chosen and executed (Poupart-Lafarge 2007). The organization adopts these measures in order to maintain a certain acceptable level of risk necessary for effective performance of the company. The organizations’ risk control systems seek to reduce the amount of risk, transfer the risk, and accept the risk or to completely eliminate the risks. The company makes the appropriate decision by weighing the costs and the opportunities of risk management measures with due consideration of their potential effects on the overall performance of the organization as well as its environs. The organization should subject the risk control systems to periodic supervision and reviews, which facilitates constant performance improvement. Critical risk control systems for a nuclear plant Nuclear plant activities carry with them an inherent risk that may negatively affect people or the environment (Heinrichs and Fell 1995). Consequently, the aim of all risk managers in the industry is to maintain risks levels as low as possible. The governing bodies embark on extensive regulation and control of the plant in order to safeguard it from internal and external threats. The United States Nuclear Regulatory Commission protects nuclear materials within the country from misappropriation, sensitive information from unauthorized disclosure, and regulates the use of radioactive materials in the plants in order to protect people and the environment (NRC 2010). Radioactive mat erials pose danger to human life and the environment through exposure to ionizing radiations. As defined by IAEA in 1988, one of the significant goals of safety management in nuclear plants is ensuring the protection of the plant’s personnel, the general public, and the environment through extensive defence against radiological hazards (Neeb 2007). The US NRC has implemented various measures to attain this goal. The events of September 11th that resulted to massive losses of lives prompted the US to increase its emphasis on security of radioactive materials. Consequently, the NRC has been fully dedicated to the process of providing security to nuclear materials without discouraging their beneficial use through the office of federal and state materials and environmental management program and the office of nuclear security and incidence response (NRC 2010). In the modern global energy, nuclear plant management are confronted with numerous dimensions of risks other than radioac tive hazards. Therefore, the management has to address these risks in order to remain competitive in the global market (IAEA 2001). Due to major advancements in information technology, there is an increased need for securing sensitive information in nuclear plants. Both classified and sensitive information relating to nuclear operations must be protected by the governing bodies due to its delicate nature. This is important since leakage of information to unauthorized persons may in some instances result in threat to national security, or enable unauthorized people to design, utilize, or manufacture nuclear weapons (NRC 2010). According to a report by IAEA (2001), the operating system of nuclear plant comprises of three major sectors; safety, productions, and commercial sectors which are embedded within a strategic outline and are interdependent of each other such that a decision made in one of the sectors consequently impacts on the performance of other sectors. An integrated risk c ontrol system, therefore, analyzes these factors and aims at minimizing or eliminating the risk associated with the same. Various bodies have been established to regulate nuclear activities in the world. These bodies award responsibility to the material licensees to maintain security and accountability of the radioactive material in their possession (NRC 2010). The nuclear licensees and security regulators have consequently agreed on a shared vision to ensure safe, secure and efficient utilization of nuclear materials under the Regulatory Nuclear Interface Protocol (HSE 2009). Plant protection and mitigation systems form an additional yet separated system of layers to the control systems by monitoring the nuclear plant variables (Chapin 1997). If these systems detect that the plant monitoring and control systems are not operating in line with the plant’s predetermined set of conditions, they proceed to shut down the plant. The systems (mitigation and protection) are discrete for the reason that they are physically detached from the software and hardware being employed by the firm’s control and operating systems. Also, they are environmentally designed to survive in the harshest anticipated accident conditions e.g. earthquakes (Chapin 1997). Licensing of risk control systems is governed by the Regulatory Commission in the United States. The federal government has established the (DHS) which has the overall responsibility among the federal agencies for assessing the vulnerability of the nation’s critical infrastructure to external threats and coordinating efforts to enhance security of the same. Back in 2005, DHS sought to inspect the nuclear sites in the United States in order to conduct security reviews which would assist them in assessing the risk and consequences of various events likely to affect the nuclear power plants (Wells 2007). This enabled the body to establish the most effective way of allocating federal resources to improve se curity in the nuclear plants. For the Nuclear Regulatory Commission, the primary focus is on the security of the sites and the protective measures applied to enhance such security. The NRC staffs possess vast knowledge and experience on matters relating to threat assessment which comes in handy in the process of assessing the possibility of threat to the nuclear power plant. Through the use of reports and secure databases, the NRC is able to analyze the information in order to identify specific references to nuclear power plants and to determine the possibility of terrorist attack to the nuclear plant (Wells 2007). Identification of risk control systems Flight control is an interesting yet a technically challenging subject for which a wide range of engineering disciplines have to align their skills and efforts in order to establish a successful control system that ensures that the aircrafts are operated in safe conditions (Pratt 2000). Since airline operations require maximum securi ty and safety conditions, it is essential for the airline management to ensure that the safety standards are maintained at all levels in order to avoid accidents. The causes of accidents and incidents in aircraft operations refer to events or conditions that lead to occurrence of aircraft accident. Accidents, on the other hand, refer to occurrences that affect the normal operations of an aircraft. Accidents may occur during the operations from the time a person boards an aircraft to the time that all the people have disembarked from the plane that results into serious injuries to people, damage to the aircraft and/or the disappearance of the aircraft (National research Council 1998). In the bowtie, the possible risks for the aircraft are clearly outlined. The causes of risks range from helicopter failure, overloading the helicopter, hazardous cargo on board which may result in aircraft accidents. In order to reduce the probability of such risk occurrences, the management should util ize proper risk control systems. Aircraft operators should strictly adhere to quality control systems which considerably reduces cases of aircraft failures and accidents. Aircraft owners and operators should ensure that their suppliers are providing them with approved aircrafts which have undergone extensive inspection and approval by the governing bodies. Aviation contractors should ensure that the helicopters are maintained in good and safe working conditions in order to promote safety in the long run. Regulatory bodies should certify effective aircraft manufacturers and constantly inspect their production processes in order to promote continuous quality aircraft manufacturing. In addition, the manufacturers must incorporate the standards upheld by airline operators which ensure that high-quality aircrafts are utilized consequently reducing the probability of aircraft failure. Governing bodies should ensure that safety procedures are followed at all levels of operations in order t o prevent helicopter. Aircrafts should be used for the appropriate duties and the operators should be highly qualified. Experienced and qualified pilots have the ability to execute their duties effectively and this significantly reduces the number of accidents. The pilots should accurately calculate the required weight and balance for each trip in order to avoid overloading the aircraft, which often result in aircraft accidents. In case of adverse environmental conditions, the pilot has the authority to abort any take-off or landing in order to prevent an accident. A competent pilot has the ability to adjust route in order to avoid sudden environmental changes such as storm. However, the airline operators should ensure continuous and accurate monitoring of environmental conditions in order to avoid such incidences. Effective communication among the relevant stakeholders is essential in the coordination of aircraft operations. The helicopter landing officer should be in constant comm unication with the pilot in order to promote safe landing and take off. Pre-flight induction and video briefing should be highly emphasized in order to enlighten those on board on matters regarding safety and emergency procedures. Effective and constant communication between the pilot and air traffic controllers has been essential in tracing lost aircrafts in the past. Further, the communication enables the air traffic controllers to establish the accurate time for aircraft landing consequently reducing incidences of helicopter crash at the rig. Functional and survivability requirements Continuous monitoring of the performance and quality standards of aircrafts and airlines is necessary in order to ensure that safety performance is achieved and maintained in the long run (Heldman 2005). Adopting critical risk control systems in the short run reduces the effectiveness of risk control systems in achieving long term objectives of the airline. To avoid such incidences, the airline admin istration should make use of the AIR monitors to guarantee constant execution of safety standards and continuous scrutiny of the producer’s control systems in order to establish the level of protection and to incessantly validate that they are still abiding by terms of the documentation as well as the delegation that they hold. The airline companies should establish solid regulatory bodies which should govern the safety standards in aircraft operations. Regulatory bodies should ensure that the rules and regulations such as IATA which regulates transport of hazardous materials are strictly enforced in order to avoid aircraft accidents resulting from hazardous material onboard. Further, these bodies should ensure that aircraft operators are highly qualified. For instance, the regulatory bodies should ensure that the aviation personnel possesses valid helicopter underwater training escape training which they must present before boarding the aircraft. Regulatory bodies should con stantly inspect the quality standards in aircraft operations in order to ensure that they are implemented and practiced in the long run. Effective communication should be embraced at all levels of aircraft operations. The management should constantly motivate their fellow employees to maintain safe standards in aircraft operations. Both vertical and horizontal communication should be promoted in order to promote coordination of the operations as well as contribution by fellow employees. Risk control system should be based on the basic fundamental principles of risk identification, risk analysis, action plan, and continuous monitoring of the process. Communication between aircraft operators should be enhanced through the utilization of modern technology which has substantially improved communication in the modern world Performance assessment Although the airline management may implement risk control systems effectively, it is important for them to assess the effectiveness of the syst em in order to achieve the intended objectives. Integration of risk control systems and safety assurance enables the attainment of this goal within organizations. The risk control process enables the management to identify the hazards prevalent in airline operations and the subsequent assessments of these risks. Performance assurance, on the other hand, takes control of the process by ensuring that the risks controls continue to be practiced within the organization and that they continue to achieve their intended purpose. This system further provides for an opportunity for the assessment of the need for new controls arising as a result of changes in the operational environment (Halford 2008). The management should, therefore, review the long term objectives of risk control systems and assess the probability of achievement based on current performance. Reference List Chapin, D. M., 1997. Digital instrumentation and control systems in nuclear power plants: safety and reliability issue s: final report, Washington D. C., National Academic Press. Fell, R., Heinrich, P., 1995. Acceptable risks for major infrastructures: proceedings of the seminar on acceptable risks for extreme events in planning and design of major infrastructures, Sydney, N.S.W., Australia, 26-27 April 1994. NY: Taylor and Francis. Fraser, J., 2010. Enterprise Risk Management: Today’s leading Research and Best Practices for Tomorrow’s Executives. Canada, John Wiley and Sons. Greenberg, R. H., 1991. Risk Assessment and Risk Management for the Chemical Process Industry. Canada, John Wiley and Sons. Halford, D. C., 2008. Safety Management Systems in Aviation. London, Ashgate Publishing Limited. Heldman, K., 2005. Projects Manager’s Spotlight on Right Management. Canada, John Wiley and Sons. HSE. 2009. Regulatory Nuclear Interface Protocol. Web. International Atomic Energy Agency. Risk Management: A Tool For Improving Nuclear Power Plant Performance, Austria: IAEA Web. National Ac ademic Press, 1998. Improving the Continued Airworthiness of Civil Aircraft: a Strategy for the FAA’s Aircraft Certification Service. Washington DC, National Academies Press. Neeb, K., 1997. The Radio Chemistry of Nuclear Power Plants with Light Water Reactors. London, Walter de Gruyter. NRC. 2010. Ensuring the security of radio active materials. Nuclear Regulatory Commission. Web. Pratt, R., 2000. Flight Control Systems: Practices Issues in Design and Implementation. London, Institution of electrical engineers. Telefonica, S. A., 2005. Annual Report on Corporate Governance 2005. Web. Wells, J., 2007. Nuclear Power Plants: Efforts Made To Upgrade Security, But the Nuclear Regulatory Commission’s Design Basis Threat Process Should Be Improved. New York, Diane publishing. Young M. L., Stoddard M., Watters J., Nitschke R., Bodeau D., Kertzner P., 2005. Process Control System Security Technical Risk Assessment: Analysis of The Problem Domain. Dartmouth, Dartmouth publishi ng. This assessment on Risk Control Systems and Performance was written and submitted by user Kamren Baxter to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

How To Answer the Interview Question, “Why Are You Looking For a New Job”

How To Answer the Interview Question, â€Å"Why Are You Looking For a New Job† This question very often comes up in an interview setting- and always makes you a little nervous. It feels a bit like a trap. You want to answer honestly and say: â€Å"Because I need to eat† or â€Å"Because if I stay at my current job another five minutes I’ll go crazy.† But you’ll never get the job without finessing this moment as you must finesse the others in an interview. Here 5  strategies for how to answer.1. Play to your strengths.Find a way to pivot in your answer back to what you’re there to sell: yourself. Frame it in terms of your long-term career goals in such a way that allows you to draw emphasis to your particular skills and expertise.2. Make it about your hopes for the future.Make your answer compelling. Don’t let it just be about a paycheck. Emphasize your passion, your desire for challenges and growth. And be focused on the future, rather than dwelling in your past.3. Also make it about them.No matter what, try wrapping up your answer in such a way that shows your respect/admiration for the company. If you’re just a little bit obsessed with the company, that’s a great way to show your enthusiasm as well. And that you’ve done your homework!4. Be honest, but stay positive.If you’re looking because your current job just isn’t cutting it, find a way to frame that in a positive new light. Try focusing on your desire for new challenges, to learn or do more, rather than being held back by a crappy job.5. Turn the table.This only works if you have a good read on your interviewer. But if you can keep your tone professional-but-casual and pivot back to ask your interviewer whether he or she  might have made a similar transition during the course of their career, you could be opening the door to a very candid and easy conversation that might just frame you in the best light to get the job.

Somali Food Security Crisis Essay Example | Topics and Well Written Essays - 750 words

Somali Food Security Crisis - Essay Example Based on the UNHCR reports almost a million of its citizens are internally displaced. The food price crisis in the country is on the rise due to a wide range of macroeconomic shocks which are principally driven by the increase in civil insecurity, and conflict which has been the worst the state has seen ever since its collapse in the early 1990s. The most overwhelming macroeconomic surprise is the dramatic devaluation of its currency. Following unrestrained and excessive printing of the shilling currency, notes began to deluge the markets in 2007, quickly increasing the money supply and sending the worth of the Somali currency into freefall. The Somali Shilling deflated by 145% in opposition to the US dollar in 2007 and by 150% in the following year. Due to this, imports have become more expensive, and the amplified costs have resulted in high prices borne by consumers. Apart from the soaring food prices, little rainfall is also to be blamed for the increase in the food crisis. Somal ia is located at the Horn of Africa where little or no rainfall is experienced in the country. Majority of the country’s land is arid or semi-arid within limited areas being fertile for farming. Lack of rainfall coupled with minimal farming activities has resulted in the lack of food that can sustain the population; hence, the crisis. Military conflicts have resulted in mass displacement, in addition to blockades of a number of big towns. This has restrained the availability of both locally produced staples and imported.