Cheap Air Travels Gives Ordinary People the Freedom to Travel but Others Feel That Air Travel Adds to the World’s Environmental Problems

Block method outline I. Introduction Hook- Air travel has become a common transportation among most of the people in this world. Background information- Approximately 1,423,500,000 people travels by airplane per year and 3,900,000 passengers travel by flight every day. What the writer intends to do- Discuss why huge number of people using air travel to travel. Body A. Paragraph 1 1. Topic sentences 1 * Many of people prefer to choose travel by cheap air travel because of it amount. * Make this world more peace and harmony Government have funds to invest into basic fields in the country * Make someone more relaxed and release heavy pressure. 2. Supporting detail * Gives a person the chance to travel to places where he would like to visit with only a minimum amount. * Promote cultural exchange and mutual understanding and it will make this world a peaceful place to living in. * Visitors from other countries will increase tax revenues especially in those tourism-focused counties and gov ernment for that particular country will have more funds to invest. They may get relaxed and release heavy pressure from life or work when they can travel to the place that they love. B. Paragraph 2 1. Topic sentence 2 * Low-cost air travels have been subject to criticism by governments and regulators. * Global environmental problems. 2. Supporting detail * It is because aircraft are one of the major sources of greenhouse gases that can cause air pollution. * Air travel has been estimated to contribute between 3-30% of global warming. Study conducted by Mayer Hillman, Town & Country Planning magazine, they estimated that a ingle transatlantic return flight emits almost half the CO2 emissions. C. Paragraph 3 1. Topic sentence 3 * Everyone should have the opportunity to travel by air. 2. Supporting detail * Airplane is not the biggest contributor to climate change so far. * Many countries already have carbon taxes or levies included in the price of the airline ticket or aviation fuel. II. Conclusion Restatement- Advantages of cheap airfare outweigh its disadvantages, in terms of boosting cultural understanding and improving living standard.Prediction- Solved with the technology development such as discovery of new environmental friendly fuels. Reference Carleton , Ryan. Environmental impact of aviation. 2002. http://en. wikipedia. org/wiki/Environmental_impact_of_aviation (accessed March 4, 2013). Karcher and Fahey, . â€Å"What's wrong with air transport. † 24. (1997): 389-392. http://pages. uoregon. edu/recycle/caR2. htm (accessed March 4, 2013). CHEAP AIR TRAVELS GIVES ORDINARY PEOPLE THE FREEDOM TO TRAVEL BUT OTHERS FEEL THAT AIR TRAVEL ADDS TO THE WORLD’S ENVIRONMENTAL PROBLEMSYou may have many reasons for travels from one destination to another. Some of the reason could be a honeymoon trip with your love one, vacation with your family or even a business trip. And most of the people will choose the cheapest way to travel. Nowadays, air travel has become a common transportation among most of the people in this world. According to US travel association, there are approximately 1,423,500,000 people travels by airplane per year and about 3,900,000 passengers travel by flight every day.Because of the huge number of people using air travel to travel, many airlines all over the world offer cheap flight rates that people can afford. Many of people today prefer to choose travel by cheap air travel because it gives a person the chance to travel to places where he would like to visit with only a minimum amount. With little money spent for the flights ticket, travellers have more money saved to make his holiday more memorable and interesting. As we all know, that cheap air travel will make long-distance travel affordable for common people, which is an advantages for us.First of all, as there are more tourists take air travels to other countries, and they will learn and understand the culture the country they visit. In other words, i t will promote mutual understanding and cultural exchange between countries. As a result, the world will become more peaceful and we all can live in harmony. In addition to this, more visitors from other countries will stimulate local tourism, which would increase tax revenues especially in those tourism-focused counties. Therefore governments would have more funds to invest into basic fields, such as infrastructure, health insurance and education.Moreover, because people could afford travel, they may get relaxed and release heavy pressure from life or work when they travelling to the place that they love. However, low-cost air travels have been subject to criticism by governments and regulators all over the world. It is because aircraft are one of the major sources of greenhouse gases such as carbon dioxide (CO2), water vapour, and nitrogen oxides (NOx) that can cause air pollution. It is one of the cause that contributors to global environmental problems such as ozone depletion, c limate change and etc. Air travel has been estimated to contribute between 3-30% of global warming.A study conducted by Mayer Hillman, Town & Country Planning magazine in September 1996, they estimated that a single transatlantic return flight emits almost half the CO2 emissions. One recent study has estimated that, if the Airport grows as planned, CO2 emissions by 2020 could be greater than from all other transport in the regional catchment. And some agencies devoted to monitoring and protecting the environment said that the fares should be made more expensive and by doing that it will discourage people from using the air plane. In my opinion, everyone should have the chance to travel by air.Aircraft or airplane is not the biggest contributor to climate change so far. Many countries already have levies included in the price of the airline ticket or carbon taxes. This can offset the carbon produced during the flight. In conclusion, I personally believe that the advantages of cheap a irfare outweigh its disadvantages in terms of boosting cultural understanding and improving living standard. Although there are also some drawbacks but I believe they could be solved with the technology development such as discovery of new environmental friendly fuels, which can improvement of plane safety.

Cslrm Computerized Cashiering System

INTRODUCTION : INTRODUCTION Deals in all the requirements needed for managing the library. Process of maintaining data about books, transactions such as issue and return. The user need not visit the library every time to find an item; instead, he/she can search items from his/her own PC/laptop Slide 3: Transaction taking place in the library Study Objective : Study Objective Changing the present library management system of Shoolini University to Online LiMS. To reach the objective of efficient learning and studying in the University. To keep online record of the transactions and utilize human resources in an efficient and matured way.System Study : System Study Present Library System : Present Library System The library is managed by the librarian accompanied with 4 to 5 members’ staff. Library cards to the students as well as the teacher. Issue of the book done by the staff member of the library through the library card. Record of the transactions of books is maintained in w ritten and kept with the librarian. Drawbacks of present system : Drawbacks of present system Provides the facility of books only during the working hours of the University. The record keeping can create problems while maintaining.Record of the receipt of the new books is kept in written which can create problem in handling it. Workload to the staff members and no use of human resources. Proposed SystEm(eLibrary) : Proposed SystEm(eLibrary) A person should be able to: login to the system through the first page of the application. see the status of the books/journals borrowed/reserved. search for a particular book/journal. cancel the reservation made earlier for a particular book/journal Automatic mails should be sent to the users about the expiry of due dates for the books/journals borrowed by them.Login of the member : Issue of the books : Return of the books : Advantages of the Online LiMS : Advantages of the Online LiMS A 24-hour library management. Students according to their ne eds get the books issued and in case they are unable to return the book, they can immediately extend the date of return. Maintenance of the books becomes easy for the staff. The transactions are maintained online. Students as well as teachers can search for any book, magazine, Journal, member etc. Overview of the system : Overview of the system Must be introduced with :Must be introduced with Logon Capabilities: The system shall provide the users with logon capabilities. Mobile Devices The Online Library System is also supported on mobile devices such as cell phones. Alerts The system can alert the Librarian or the administrator in case of any problems. METHODS AND TECHNOLOGIES USED : METHODS AND TECHNOLOGIES USED Various methods used for making the project are: Microsoft Office Word : – For report making Microsoft Office PowerPoint : – For making the presentation Internet Explorer : – For gathering information Questionnaires I.For Teachers II. For Students The main aim of the project is the management of the database of the pharmaceutical shop. This is done by creating a database of the available medicines in the shop. The database is then connected to the main program by using interconnection of the Visual Basic program and the database already created. This program can be used in any pharmaceutical shops having a database to maintain. The software used can generate reports, as per the user's requirements. The software can print invoices, bills, receipts etc.It can also maintain the record of supplies sent in by the supplier CASHIERING AND STUDENT ACCOUNT SYSTEM Colegio de San Lorenzo Ruiz de Manila is currently using a manual way of recording, computing and storing the accounts of the students. The basic information of the student which includes the name, address course and year is written in the green form as well as the subjects that the students is going to enroll and the total assessment for the tuition fees. The cashier will copy t he name of the student, the course and year and the current school year and the total assessment and the initial payment to the index card.Before the student can take the examinations, the student needs to acquire examination permit from the cashier. To acquire examination permit, the student will have to pay his/her tuition fee every grading period. Paying the tuition fee is a burden both the students and the cashier due to the current manual system. The cashier will have to look the index card where the account of the student is written. Since it written in the index card, it takes lots of take to get the record of a particular student.Once the cashier found the index card, the cashier will write the payment received from the students to update the account. This is done using a calculator. Using manual computation sometimes causes an error. At the end of the day, the cashier will have to make a list and summary of the total collection of tuition fees. This is another difficult tas k to handle using manual system especially if there as lots of transactions that needs to be summarized. The summary of the collection will be submitted to the admin for verification.

Case Study Chloe’s Story Essay

The serous membrane in Chloe’s abdomen contains the peritoneum. The peritoneum is the largest serous membrane of the body which includes the greater omentum, the largest peritoneal fold, which drapes over the transverse colon and the coils of the small intestine, and contains a considerable amount of adipose tissue. Involuntary contraction of pharyngeal stage is the beginning stage of swallowing it begins with the passage of water into the oropharynx. When water enters the esophagus the esophageal stage begin where peristalsis occurs with coordinated contractions and relaxation of muscles to propel water into the stomach. With the bypass of the duodenum, Chyme cannot not periodically be forced through the pyloric sphincter in gastric emptying. The proteins will have difficulty being easily broken down into smaller molecules in the chemical digestion of proteins. By the enzyme Lipase. Rapid or major weight loss increases a person’s risk of developing gallstones. These meals should be high in protein. Because A change in diet, no longer consuming high fatty and high cholesterol foods. Yes. Nutritional deficiencies, like most iron and calcium is absorbed in the duodenum, the first part of the intestine that is bypassed by these operations. Calcium deficiency can lead to osteoporosis , and iron deficiency can cause anemia. Many vitamins and minerals are absorbed in the part of the small intestine bypassed by this surgery. The individual must commit to a lifetime of taking nutritional supplements to prevent serious vitamin and mineral deficiencies. A large number of microvilli in the small intestines greatly increases the surface area of the plasma membrane, larger amounts of digested nutrients can diffuse into absorptive cells. Most digestion and absorption occurs in the small intestine. Vitamin B12 must be combined with intrinsic factors produced by the stomach for its absorption by active transport in the ileum. Because it can or may be manifested as a variety of symptoms since B12 is widely used in the body. Severe fatigue may occur initially. Effects on the nervous system can be wide-ranging, and include weakness, numbness and tingling of the limbs, memory loss, confusion, delusion, poor balance and reflexes, hearing difficulties, and even dementia. Severe deficiency may appear similar to multiple sclerosis. Nausea and diarrhea are possible gastrointestinal signs. The anemia that results from prolonged deficiency may also be seen as a pallor especially in mucous membranes such as the gums and the lining of the inner surface of the eye. Megaloblastic anemia is a common result of inadequate B12. This condition can also result if a person stops secreting enough intrinsic factor in the stomach, a substance essential.

Stress management Research Paper Example | Topics and Well Written Essays - 1250 words - 1

Stress management - Research Paper Example Moreover, studies reveal that when two different people are exposed to the same job situation, the one who is overwhelmed suffers physiological consequences more than the one who is not overwhelmed (Fried et al, 2009: 3-4). Indeed, job related stress is affecting many workers across the globe, and America is no exception - several research findings attest to this. One of the studies conducted by Northwestern National Life has that, one of four employees perceive their jobs as the leading stressors. Another study conducted by Saint Paul Fire and Marine Insurance Company asserts profoundly that that â€Å"problems at work are more strongly associated with health complaints than any other life stressor, even financial or family problems† (Fried et al, 2009: 3-4). Yet, another published article by the Journal of Occupational and Environmental Medicine indicates that the probability of injury and risk at the work place was likely common for employees working over or 12 hours by 37% (Fried et al, 2009: 4). Overall, stress results into reduced job performance and actualization, decreased creativity, and enhanced chances of crises and friction. Interestingly, this lead to more stress (Fried et al, 2009: 3-4). It then follows that stress management techniques such as yoga, mediation, breath exercise and counseling play an instrumental role to human-health. Undeniably, stress should thus not be ignored at the work place because ignoring stress signals result into fatigue and sometimes harm. Simply defined, tress management refers to the lessons that aid in the appreciation that stress is part and parcel of life everyday. It focuses on what can be done to manage and control stress. Work has been defined as â€Å"the exertion of undertaking mental or physical activity for a purpose or out of necessity† (Stranks, 2005:66). Oftentimes, work is designed to achieve some goals. Work stress has been associated to begin with loss of foresight, and

Why Many Good Workers Turn into Bad Bosses Essay

Why Many Good Workers Turn into Bad Bosses - Essay Example When Mr. Min was promoted as the Chief Chef, orientation was given by the management about the nature of the job and expectations of the management. But when Mr. Min took charge he was not performing well as he had done in his previous job. There was confusion in the kitchen and the kitchen staff were de-motivated. In fact some of the chefs were considering exploring new opportunities. The management was concerned about the developments in the kitchen and Mr. Min was called for meeting with the management. Separate interviews were also conducted with the kitchen staff to identify the source of the problems. It was identified by the management that, the position of the Chief Chef is a job which requires more of leadership and interpersonal skills than of culinary skills. A Chief Chef should know culinary but the knowledge of culinary alone does not make a Chief. Mr. Min was a very good chef but when it came to leading a department it was very difficult for him, because his ability to lead the department in a positive manner was very less. As the Chief of a department it is very essential that a person understands the need to moti vate the staff in a positive way.

Sixth Amendment Essay Example | Topics and Well Written Essays - 250 words - 1

Sixth Amendment - Essay Example Following a verdict, the guilty person can file for a plea in the federal courts. This happens in situations where the accused is dissatisfied by the verdict. However, the court of appeal can accept or decline the case depending on the facts presented by the appellate (Smith, 2008). In following the right procedures, the court accords the guilty an appeal. The person has to prove the violation of his rights and his innocence in an appeal. The Sixth Amendment right to trial by a jury enhances fairness by focusing on the inequities in application of law. It prevents impartial jurisdiction. As such, its enactment has decreased cases of violation of privileges associated with the accused. According to Smith (2008), a jury trial ensures that the judges are impartial when delivering their verdict. Consequently, the nature of the case dictates to the judges their powers in trail. For example, judges with cases of corruption cannot sentence criminals. The judge does not have the autonomy to make decisions in a case. The jury safeguards the privileges of the accused regardless of the crime committed. Before trail, the accused should know the person who is accusing them. The law gives the accused an opportunity to face complainant in a court. To some extent, the accuser cross-examines the person he/she is accusing. Historically statements outside courts influenced decision in English courts. Therefore, the enactment of the right to confront witness ensured that the judge is not lead by the sentiments made outside courts. The 12-member jury was constituted because of its benefits to the judiciary and the public. It also safeguarded the constitution of the United States. It was an impartial body because it enhanced fairness during the reign of Charlemagne. Consequently, I agree with the privilege to a trial because it enhances fairness. It allows

Corporate governance Essay Example | Topics and Well Written Essays - 2750 words

Corporate governance - Essay Example In corporate governance, the company’s management takes a trustee’s role for other parties that have interests in the company. Corporate governance is majorly based on principles like conducting business with fairness and integrity, transparency in handling transactions, complying with laws governing operation of companies, making sound decisions and necessary disclosures, ethical issues in conducting business and responsibility and accountability towards stakeholders. There is also need to clearly distinguish between corporate funds and personal funds when managing a company. Enron Corporation was a company dealing in services, commodities and energy based in Houston, Texas state in America. It had approximately 20,000 staff members and was among the world’s major natural gas, electricity, pulp and paper and communications companies before its bankruptcy in December 2001. After 2001, it was found that the company’s financial condition was majorly sustained by a systematic, institutionalized and planned accounting fraud that was termed as Enron scandal (Sterling, 2002). The Enron Scandal that was discovered in 2001 led to bankruptcy of Enron Corporation and dissolution of Arthur Andersen, an entity that was among the five largest accountancy and audit partnerships worldwide by then. Enron is rated the biggest failure in audit apart from leading as the largest bankrupt company in the history of America by then. The case analyzes the cause of this failure in details. Lack of truthfulness. According to the report given by Kirk Hanson, the executive director of Markkula, a center for Applied Ethics, the Enron management did not give true information concerning the company’s health (Canadian Center of Science & Education, 2010). The senior executives developed a belief that Enron had to take the first position in relation to other companies and also they had to maintain their reputations as well performing executives in the United

International Business & Strategy Essay Example | Topics and Well Written Essays - 3000 words - 1

International Business & Strategy - Essay Example When starting a banking business, the investor should consider various factors related to the environment where the business is to be established. Factors such as political, economic, social, technological and legal aspects of a country have direct and indirect effects on the performance of the business. Denmark is the smallest Scandinavian country in the Northern Europe (The Local DK, 2014). It has a pollution of about 5,613,706 million people, and 93% of the populace are Danes while immigrants account for 7% (Pakarinen, 2012). There is no bureaucracy and bribery in Denmark hence this offers a stable business environment. It has good ethical framework and inflation policies (The Local DK, 2014). The country is politically stable (Pakarinen, 2012). Therefore, because government initiatives and fast growing economy it becomes apparent that opening a business provides the best chance for companies such as BBVA retail banking to enjoy government support. Small and medium enterprises SMEs) are the main forms of business characteristics in Denmark. It is active in foreign trade and supports liberal trade policy. It has a mixed economy. It has a relatively high-income rate, Gross National Income (GNI) per capita stands at $61,110 and has a budget surplus (The Local, DK, 2014). Therefore, such stable nation with a fast-growing economy has a high potential for running a business. The Danish economy is one of the most prosperous and stable across the entire world with studies suggesting that by 2017 it will be worth $353.1 billion with a Compound Annual Growth Rate (CAGR) of 1.9%. The Foreign direct investments account for about 2.5% of the GDP (The Local, DK, 2014). The government policies protect financial institutions such as ensuring careful lending, minimizing the aftermath of financial crisis through increasing government spending, tax cut, infrastructure

Diversity Essay Example | Topics and Well Written Essays - 500 words - 6

Diversity - Essay Example Although UCSB has the least level of statistics as concerns diversity when compared with other campuses of university of California, there has been increased integration and interaction among the student community. The University has endeavored to make every other person welcome and comfortable regardless of such criteria s race, sex, gender, sexual affiliation or economic well-being (The Facts: Diversity 1). In 2007, the University Of California Board Of Regents adopted a policy statement aimed at making the university achieve diversity among both the students and the human resource personnel in all its campuses including UCSB. This is in the form of Principles of Community statements and policies that control the behavior of both the staff and the students and each campus must inform the persons attending or working in it through any suitable mode including newspapers or through notices. The campuses including Santa Barbara must distribute and reaffirm its commitment to the policies and the principles as well as the initiatives to enhance embracing of diversity within the campus. All campuses of the University of California including the campus at Santa Barbara encourage the setting up of a diverse workforce and student population as well as the diversification in faculty ranks. For example, the UC President’s Postdoctoral Fellowship Program encourages students who pursue doctor al studies that are aimed at contributing to diversity are usually rewarded with more scholarships (The Facts: Diversity 2). All the campuses have centers that deal with the affairs of gays, lesbians and transgender studies while most campuses including Santa Barbara have ethnic studies centers to embrace different communities of the student population. At the University of California, Santa Barbara, there is a program to assist freshmen who come from underrepresented groups to meet their academic objectives as well as integrate properly within the campus. The UC Santa Barbara

The Art of Japanese Management Essay Example for Free

The Art of Japanese Management Essay The art of Japanese management talks about the differences of the Eastern and Western management, and clarifies this differences by citing transnational companies and the ways they did or do solve social and cultural problems that the main management has nowadays. The book starts by sitting on the history of great western organizations like government, military and the church. Its divided in 8 chapters, but its mainly divided in 3 subjects: The 7 S framework, the japanese reflection and The American way. The first leadership concept that shows is the line of command. Contrasting with China and Japan, the occidental society evolves separately with separate influence spheres: The church was always taking care of the faith and the spiritual life of the men meanwhile the government and the commercial institutions had the role of providing the to the human beings to take care of the existence. The corporation started to growth acting as a dominant organization inside a society in this century. The western world was starting to leader the rest of the world, there was no surprise that we all know as modern management was a western invention. The new professionals have the same challenges as before in time: How to efficiently administrate the organization, how to delegate responsibilities, and how to gratify and motivate the employees. The main difference between Western and Eastern organizations is that the last ones use the organizational structure and formal systems to attack these issues. In general, comparing with Western organizations, Eastern organization pays more attention on social and spiritual subjects. The ideology takes persons to achieve organizational goals, but mainly and invariably, these are based on sanctions. Today, the most important tasks like the significance of punctuality, sense of belonging, sanctions against thievery, the importance of performance at work, and the ways to solve conflicts and issues are taking by society before their members take part of a company’s task force. Most of the times eastern societies are representatively big, and most of the time matters like public, private and spiritual are so integrated that the companies take control of these type of tasks as a whole in human being. Company takes another role rater to just being transactions between work and capital. The book gives us the advice to take the best practices of the Japanese administration and to adopt it to our environment, questioning some western â€Å"truths† and some management abilities. To explain the 7 S Framework, the book describes the actions of Konosuke Matsushita, founder of Panasonic, over the management of National and other companies. To start describing the Strategy, Matsushita broke all the existing rules about convention of company names, by naming his company National instead of Matsushita. He changed the way of product commercialization by selling it directly to the stores, without intermediaries, lowering costs. Matsushita gave importance to market shares, high volumes of production generates saving on production cost allowing the company to transmit this reduced prices to their customers. The third element of the strategy was the followership, in which Matsushita didn’t create or invent products, instead, the company’s research and development imitates it but the big difference was that the company offered the same product with an attractive improvement. His best concept of research and development was to take the product, imitate it to the maximum detail and to find a better and more attractive way to offer it to the competitor. Describing organizational structure, he fixed the goal of maintain the thing small and entrepreneurial. To start growing, he organized the company into divisions. When he saw that the manager’s skill were improving, he figured out that they were preparing to be general administrators of a growing company, but the issue were that all the managers were making this progress in their abilities independent and separately. For this, he centralizes the controllership’s functions, the personnel functions, he institutionalize a central bank and the centralized all the training. Regarding Systems, Matsushita was the pioneer of the effective financial systems, and he copied the planning system from Phillips, the Dutch electronics manufacturer. The planning system consisted on that every 6 months, the managers of each division had to deliver 3 plans: The first one was a plan to 5 years, in which he stipulates all the changes that the organization or division will suffer regarding on alterations of new technologies and the environment. The second plan was a plan of to 2 years, in which stipulates how the division will translate the long term strategy in the new plant’s capacity and the new products. The third plan was the â€Å"Program for the Next Sixth Months operation period†. In this plan, the division explained month to month the sales projections, productions, incomes, inventories, accounts receivable, personnel requirements, quality control targets and capital investments. In questions of style, Matsushita was distinguee for his â€Å"hands on† approach. Matsushita understands that a manager has to effectively communicate to people down the line, telling them what he cares about. His key success has been the ability to get to the employees seven levels down and motivate him to energically pursue the organization’s objective. Another future of Matsushita‘s style was the pragmatic approach to a conflict. As in real life, there will be adjustments and its means to pull together rather to push apart. About spiritual values, Matsushita philosophy provided a basis of meaning beyond production. Matsushita was the first company in Japan to have a song and a code of values. This song was singed every day at 8:00 am al across Japan. For Matsushita, It was unthinkable that work, which occupies at least half of the day, should deny its powerful role. The firm has a inescapable responsibilities to help their employee’s themselves. The basic business principles were: â€Å"To recognize our responsibilities as industrialists, to foster progress, to promote general welfare of society, and to devote ourselves to the further development of world culture† The employee’s creed was: â€Å"Progress and development can be realized only through the combined effort and cooperation of each member of Our Company. Each of us, therefore, shall keep this idea constantly in mind as we devote ourselves to the c continuous improvement of our company†. The seven â€Å"spiritual† values were: 1. National Service Through Industry 2. Fairness 3. Harmony and Cooperation 4. Struggle for Betterment 5. Courtesy and Humility 6. Adjustment and assimilation 7. Gratitude. This values foster consistent expectations among employees in a work force continent to continent spread. Regarding Staff, Matsushita experience started with the basics of business. Every employee, whether they were engineers, accountants, or salesman, began with spending 6 months selling or working directly in a retail outlet. Also, each spends time performing routine tasks on a assembly line. The distinctiveness of the firm is that everyone that stays come to be a part of a culture with common understandings and shared values that helped to facilitate the business needs. Employees weren’t view as participating in management, but their opinions are sought. About skills, it is difficult in a Japanese organization to separate the people from the company. The most salient skills of the founder were the versatility; sometimes he was intensely hands on and sometimes distant. Matsushita seems to combine the gifts of many men. The firm’s skills emerged from the consistent ways in which the parts of the organization all join together. Its organizational structure is reinforced by its system; these gain significant support from the Matsushita style, spiritual values, and staffing policies. Human values were promoted with efficiency. Following this and through extraordinary inter consistency between strategy and skills, it is able to replicate the Matsushita model. The American way is reflected in a chapter that resembles all the managerial methods of Harold S. Geneen, which was president of International Telephone and Telegraph for over two decades. At first sight, the managerial methods implemented are good, but they were created to work only in an environment with the same variables. The comparison between Matsushita and ITT wasn’t perfect but gives us a clear perspective of how things can be done perfectly as Japans in our cultural way. Geneen’s behavior and tension he created produced and intense competitive pressures which drove the executives persistently. His method of management was traditional. There were important and interrelated elements in Geneen’s management approach where he played a central role in his management design. The unshakeable facts, which are something hard and indisputable; at minimum it is the firsthand opinion of an expert, based on the most current information. The second part revolved around a design of checks and balances using staff as parallel and independent source of information from the line and permitting overlapping delegations of authority among and between line and staff functions. The third part of Geneen’s approach was the use of large structured meetings as the focal point of his decision-making process. The fourth part was to impose of a variety of rewards and pressures to ensure his total command. Geneen created tensions between line and staff. In contrast with Matsushita, division managers were seen to lead a challenging and precarious existence, while line staff half of the time exaggerated problems to make they look good under the boss eyes. One product manager traced the source of the problem between line and staff to the bonus system, because it represented 30% or more of the salary. The problem was that putting staff on individual performance bonuses resulted in the justification of their existence. They were always trying to prove what they had done in order to look good in the reports. This created an adversary relationship with people on the line. The reward system drove that kind of behavior. Geneen meetings were interrogatory, even adversarial,. The general manager’s report had already been written and everyone assumed to have studied it, but the meetings were held to identify new problems. Part of what made Geneen’s system to work was the fear. Fear of being caught uninformed and being humiliated in meetings and of being punished. It it’s often said that positive motivations are more powerful than negative ones. Geneens personal style can also be described as attentive, committed, determined, pragmatic, and forceful and disciplined. His managerial approach had powerful effects on others, and the labels they used to characterize these patterns in his behaviors, and thus his values and beliefs, were often charged with emotion. Seven elements were used to understand better both Matsushita and ITT. Strategy belongs to a firm’s plan of action that causes it to allocate it scarce resources over time to get from where it it’s to where it wants to go. Structure refers to the way a firm is organized, whether it’s decentralized or centralized, whether it emphasizes line or staff. Structure refers on how boxes are arranged. System refers to how information moves around within the organization. Staff belongs not to staff in the line/staff senses, but to demographic characteristics of the people who live in an organization. Skills are those things which the organization and its key personnel do particularly well. Style refers to the patterns of behavior of the top executive and senior management team. Super ordinate Goals or shared values include spiritual and significant meanings and shared values of the people within an organization and refers to the overarching purposes to which an organization and its members dedicate themselves.

A Pest Analysis Of Hsbc Bank Finance Essay

A Pest Analysis Of Hsbc Bank Finance Essay The political instability that the country has suffered throughout history and still has not only affected the general conditions of Pakistan but also the foreign investors and multinational countries. Though HSBC is a foreign bank and the reporting line is in Middle East and London but the political conditions in the country affects its activities to quite an extent as ultimately the State Bank of Pakistan supervises all the activities of all local and foreign banks. As a result of the political instability, the international investors hesitate keeping their money as they are afraid of frauds and the culture of Pakistan as it is popular for its bad and unorganized trends. (Zaidi, A., 2009. Issues In Pakistan Economy. 2nd ed. Karachi: Oxford University Press.) Economical Factors: Since the world economy is moving towards a recession, so Pakistan is no exception to the economic instability and uncertainty. The GDP growth in 2007 was the fastest in Asia i.e. 7 % and was lead by growth in consumption and investments. National savings rose only slightly, indicating the slow growth in bank deposits and is low by International standards. The causes of low savings have been the low per capita income, high dependency ratio, urbanization, lack of proper infrastructure in rural areas and inflation leading to rise in prices. Inflation is high due to high food prices which offset the demand management policies and the government subsidy on oil prices. As a result of high inflation, poverty is high and the productive capacity is stressed. In the year 2007 the services sector grew by 8% with high profit recorded and an overall contribution of over 50 % in the GDP. Monetary policy was tightened but inflation was still on the rise. The expansionary fiscal policy led to central bank borrowing and concessional finance for exports and textiles. Monetary growth was accelerated due to surge in external receipts. Monetary tightening was necessary given the exceptional growth in the money supply aggregating 19.2 % percent growth that was much higher than target of 5.3 %. This growth in money supply was due to excessive government borrowings, sharp rise in NFA due to external financing of deficit through Euro Bonds, US aid and multilateral loans. The State Bank of Pakistan raised the discount rate by 50 points to 9.5 %, SBP also drained excess liquidity from inter bank market and maintained overnight rates close to discount rates. As a result the interest rates rose and this impacted the loan quality, stringent provisioning requirements, increased capital requirements, the NPL ratio to loans declined. Liquid market for short term government papers exist, but long term debt instruments need to be developed. (Zaidi, A., 2009. Issues In Pakistan Economy. 2nd ed. Karachi: Oxford University Press.) Social Factors: Since the rise in prices, the general public has become conscious towards their spendings and is facing a decrease in their disposable income. They are saving less and as a result the growth in the bank deposits has slowed down. Due to the political, economical and law order situation being very uncertain, there is lack of trust found in the people of Pakistan on the financial institutions. Another aspect that adds to it is that people are less educated and unaware of how system works so rumors create great panic that result in problems in financial sector, hence affects HSBC also. (Zaidi, A., 2009. Issues In Pakistan Economy. 2nd ed. Karachi: Oxford University Press.) Technological Factors: With the advancement in technology and the increase of its usage, it has created many opportunities to all kinds of industries. There are now automated teller machines that have replace the conventional tellers, the whole banking systems have been automated assuring transparency in the system as a result of which the trust of the consumer has been gained. The internet technology has provided new avenues to work as online banking system is a common phenomenon in the west and is gaining popularity in Pakistan too. Many mobile and telecom companies are collaborating with the bank to reach out to the customers even more efficiently and conveniently. This has raised the level of the competition thus raising the pressures to compete in unique ways to add value. (Zaidi, A., 2009. Issues In Pakistan Economy. 2nd ed. Karachi: Oxford University Press.) Law Order: The instability of the legal system and lack of freedom of the judiciary has impaired the growth of the economy as investments have slowed down. The law and order situation has become from bad to worse. The potential foreign investors have backed out and those who have already invested face threats and insecurity. The recent past is filled with the bomb blasts and attacks on foreigners and since HSBC is a foreign bank, it too has been threatened and still faces fears. Recently the government of Pakistan has enforced a law pertaining micro-financing. This law suggests that all banks must have at least three of its branches in each rural sector. (Zaidi, A., 2009. Issues In Pakistan Economy. 2nd ed. Karachi: Oxford University Press.) Industrial Analysis General Driving Force Influencing the Industry: Size Scope: The overall size of the banking sector has reached Rs 5.0 trillion by end of the fiscal year 2007. Since HSBC has only recently entered the market, its current market share is approximately around a 2-3% of the total market. The scope of the banking industry is currently limited to only a few segments that are being targeted, and that are the consumer market, the corporate segment and the small and medium enterprises. Many other segments, such as segments based on demographics, age, gender etc. exist and can be targeted upon thus increasing the scope of activities. Currently the banking sector provide facilities of deposit, with drawl, lockers, ATMà ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒ ¢Ã¢â‚¬Å¾Ã‚ ¢s, issuance of pay orders, demand drafts, transfer funds between accounts, issuance of cheque books, credit card facilities, loans account, online services, currency exchanges.( Hussain, I., 2009 Banking Sector in Pakistan. Dawn. 29 April, p.7) Influences: There has been more than two-fold increase in the loan portfolio in the past three years, which is considered to be high. Even though this strong expansion is accompanied with diversification across sectors as banks have ventured into relatively new areas like mortgage financing, lease finance, project financing (traditional business areas of non-bank financial institutions), aggressive lending tendencies have implications for the asset quality of the banking sector. While on-going mergers and acquisitions are aiding the process of consolidation of the banking sector, the resulting ownership structure is posing new challenges for the regulators and supervisors. Specifically, cross ownership à ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬ where banks own non-bank financial subsidiaries and associated companies, industrial and brokerage companies own banks etc., has increased the complexities of the banking sector. Similarly, cross border ownership of the banking sector involve home-host regulatory and supervisory issues. Effective supervision in this environment requires a strong coordinated supervisory mechanism and strong interface with other supervisory/regulatory agencies. Fortunately, none of the above issues poses a significant threat to the stability of banking sector in the current environment. The deceleration in credit growth and the growing emphasis on internal control and risk management systems will serve to enhance banking sector stability in the future. The on-going mergers acquisitions and increased minimum capital requirements are expected to play a key role in improving the stability of banking sector. .( Hussain, I., 2009 Banking Sector in Pakistan. Dawn. 29 April, p.7) The money supply and the aggregate demand of the economy are great influences that affect the banking sector. With the increase in the aggregate demand in the previous years that took place as a result of the consumption driven economic policies of the government, the demand for money in the whole system increased. Therefore the money supply increased. This resulted into a high inflation rate and increase in the prices. As a counter result the interest rates decreased, thus allowing the investors to borrow at low interest rate. Thus borrowings increased and deposits decreased. .( Hussain, I., 2009 Banking Sector in Pakistan. Dawn. 29 April, p.7) Porterà ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒ ¢Ã¢â‚¬Å¾Ã‚ ¢s Five Forces Bargaining Power of Customers: Bargaining power of customers is relatively high, as switching costs are low for customers to leave HSBC and gain banking services from other banks. Foreign banks like Royal Bank of Scotland, Barclays etc have entered the market and thus add to the local banks thus serving as the current competitors. .( Hussain, I., 2009 Banking Sector in Pakistan. Dawn. 29 April, p.7) Competitive Rivalry: Foreign banks are the direct competitors of HSBC that are striving for the same market share and customers. In addition, local banks have a long-term trust relationship with their customers, which still provide them an edge. The banks that are practicing Islamic banking in the Islamic State of Pakistan are the potential competitors. Since polarity in the country is increasing, the middle class segment is vanishing leaving only a hand full of the upper class and upper middle class segment to target. This segment too has now options of other multi nationals and can switch to them at any time. With a nicheà ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒ ¢Ã¢â‚¬Å¾Ã‚ ¢ segment that is being targeted it is becoming tougher to fight for market share and customer retention. .( Hussain, I., 2009 Banking Sector in Pakistan. Dawn. 29 April, p.7) The local banks are fast to imitate and since the banking system is a very transparent one, imitation is easy, thus increasing the fight between the competitors. They are trying to capture the upper middle and the middle-middle class segment that are currently the customers of the multi national banks. With their relatively low interest rates charged to the customers and higher interest payback rates compare to HSBC, they are strong threats as they have extremely lowered the switching costs to the customers. .( Hussain, I., 2009 Banking Sector in Pakistan. Dawn. 29 April, p.7) Bargaining Power of Suppliers: Since the company is a financial institution, its supply is the money supply, that is supplied by the State Bank of Pakistan. Therefore, being the sole provider and supplier, its bargaining power is extremely high. The State Bank of Pakistan often imposes various restrictions on banks. Therefore, none of the banks are independent in policy making and cannot launch any product without prior permission of the State Bank of Pakistan. The banking history is replete with the examples that either Government of Pakistan or the State Bank of Pakistan puts ban on the marketability of the most successful products. All banks are restrained to independence in making their policies provided that they are not against the law and Islamic values. .( Hussain, I., 2009 Banking Sector in Pakistan. Dawn. 29 April, p.7) Substitutes: There are not many substitutes available. Those that are, are the share in the stock market and the government schemes such as the National Saving Schemes. The NSS is on a decline as these saving instruments are to their maturity and the customers have lost interest in them. The government has not been able to come up with any innovative saving schemes to attract the general public, therefore reducing the threat to of the substitutes to the banking industry. .( Hussain, I., 2009 Banking Sector in Pakistan. Dawn. 29 April, p.7) The Customer Analysis: The customers are segmented on the basis of traditional segmentation of the income levels. The high end of the segments, that is the upper middle and the upper elite class customers are not price sensitive and are willing to take high risks to earn high returns. They focus more on long term gains and are inclined towards making huge investments. They expect and demand superior customer services and consultancy required for their businesses and investments. One of their unfulfilled needs is the demand for customized and personalized business consultancies along with portfolio management consultancy and wealth management services.The lower end of the segment is more focused towards saving and small investments after careful analysis of the financial situation. They make short term plans and investments. The long term investments that they make are mostly the pension saving schemes or life insurances to safeguard their future income. They require good customer services but do not expect a first class treatment. .( Hussain, I., 2009 Banking Sector in Pakistan. Dawn. 29 April, p.7) Industry Life Cycle: The Banking Sector in Pakistan has emerged in its present form after passing through various stages of development in the last fifty years. At the time of independence, the new country had no bank of its own and commercial banking facilities were almost minimal and very outdated. With the creation of the country, the Habib Group brought over its entire set up to Pakistan and banking operation started. The State Bank of Pakistan was established through an Act on July 1, 1948 which marked the beginning of banking sector in Pakistan. In 1974, all the local banks in Pakistan were nationalized. Nowadays, the world is going through a financial crunch due to the economic recession in US Economy, therefore the prevailing boom in the banking industry has been affected too. In the local market though there are many unfulfilled gaps in the banking sector, with the current products and services that are being offered, the banking sector is saturated, with a number of foreign banks and many local one too. The banking sector is thus at its maturity stage, with instability and financial crunch effecting its processes at present. .( Hussain, I., 2009 Banking Sector in Pakistan. Dawn. 29 April, p.7)