Stability Palgrave Dictionary Of Economics â€Myasignmenthelp.Com

Question: Discuss About The Stability Palgrave Dictionary Of Economics? Answer: Introduction: The term equilibrium, in economic context, is defined to be the condition where the demand and the supply forces interact with each other and reach to a mutually agreed balanced situation, from where neither the demand forces nor the supply forces have any incentive to deviate from, provided there is no external influence from any exogenous conditions. The demand and the supply forces are the backbone of the market dynamics and all the activities in the market are subjected to the mutual interactions of these two forces (Ekelund Jr Hbert, 2013). The equilibrium, as defined above, is said to be a stable equilibrium, if in case of any deviation from the equilibrium condition due to influence of exogenous forces, the economy again comes back to its original equilibrium situation in due course of time. The report takes into account this concept of stability of equilibrium, both in terms of microeconomic and macroeconomic perspectives. In this context, the report tries to analyze the cur rent stability scenario in the economy of Australia, with respect to economic indicators like GDP, price levels and others (Baumol Blinder, 2015). Stability of equilibrium: In the market economy, the consumer and the producer behaviors are determined by the demand and the supply side dynamics respectively. The dynamics in the market can be shown as follows: Figure 1: Microeconomic Stability in equilibrium (Source: As created by the author) The above figure shows the dynamics of the demand and the supply curve. As can be seen from the diagram, the equilibrium occurs at the point where the supply curve and the supply curve touches each other; point E in this case. The equilibrium price is at point P0 and the equilibrium quantity demanded and the equilibrium quantity supplied both being Q0. The stability of the equilibrium, can be seen with the help of the following phenomenon (Fisher, 2016). In the above diagram, when due to some reasons, the price increases from the equilibrium price P0 to P1, then the demand for the commodity decreases significantly. This fall in demand may be a cumulative effect of two events. Due to an increase in the level of price, firstly, the existing buyers of the same commodity buy less than the previous amount. Secondly, the marginal buyers, in the initial condition, now completely moves out of the market as the commodity now becomes unaffordable to them (Boland, 2014). Together these two effects decrease the overall demand in the market. However, due to an increase in the price, the market becomes more attractive to the sellers, more and more sellers try to enter the market, and the existing sellers increase their production, thereby increasing the supply in the market. Together this leads to an excess supply in the economy, which in its turn creates a downward pressure on the price levels as the sellers are required to lower their price leve ls. Thus, the price level comes back to its initial equilibrium point P0 (MacDonald Stein, 2012). Again, if the reverse scenario takes place and the price decrease from the equilibrium level P0 to P2, then the supply decreases, as due to loss of profitability in the market, many sellers move out of the market. On the other hand, the decrease in the price increases the demand for the same commodity, by the law of demand. This in turn creates an excess demand in the market, leading to an upward pressure on the price levels such that the price again comes back to its equilibrium level P0. Thus, it can be seen that no matter however the price level changes from the equilibrium situation, the demand and the supply forces interact with each other to bring it back to its initial equilibrium situation, thereby indicating that the concerned equilibrium is a stable one (Henderson, 2014). The above scenario is based on the microeconomic perspective as it deals with the dynamic stability of the equilibrium in one particular market. The same concept, however, is applicable in the macroeconomic perspective too: Figure 2: Macroeconomic stability in equilibrium (Source: As created by the author) In the macroeconomic perspective, the equilibrium is determined on the basis of the aggregate demand and the aggregate supply in the economy as a whole and in case of any deviations from the equilibrium situation, these two forces mutually interact with each other to bring the economy back to its original equilibrium situation (Rader, 2014). Stability Scenario in the economy of Australia: The Australian economy has been one of the significantly dominating players in the global economic scenario and is considered to be one of the most successful ones too. The economy type of this country is mainly market based and capitalistic in nature. The government and the centralized planning does not play much role in economic decisions and activities in this market economy and the government mainly plays the role of a supervisor and not that of a controller. Much of the market decisions are dependent on the activities of the demand side and the supply side players in the economy. The objective of this economy is to maximize the profit of the providers and also to increase the satisfaction of the consumers, thereby increasing the overall welfare of the society as a whole. The economic stability of any country can be portrayed by the GDP and the GDP dynamics of the country. The Gross Domestic Product of a country is the value of the sum of all the goods and services that are produced within the geographical boundary of the country within a particular period, generally one economic year. The growth rate of GDP and the growth pattern tells a lot about the welfare and the economic stability of the country. Figure 3: Australia GDP over the years (2006-2016) (Source: Tradingeconomics.com, 2017) The above diagram shows that the growth in the Gross Domestic Product of the economy of Australia, has been stable in the last few years. As the trend shows, there exists a non-dramatic upward pattern in the growth rate of the economy. The GDP of the country has increased from USD 853.76 billion in 2006 to USD 1567.18 billion by 2013. However, the growth reduced a little and came down to 1204.62 USD billion by the end of the year 2016. However, both the increase and decrease do not show any dramatic fluctuations (Dyster Meredith, 2012). Figure 4: Rate of Inflation in Australian Economy (Source: Tradingeconomics.com, 2017) The overall level of price and the fluctuations in the inflation rate in the country has also been more or less stable, with the fluctuations being moderate and the economy maintaining a more or less stable situation in this aspect. This implies that the overall economy is in a steady state equilibrium, where even if some irregularities occur, they are not of drastic nature and are taken care of eventually. This in turn implies that the overall standard of living and the consumer price index of the country maintains a more or less stable pattern. Stabilizing framework in the economy: The economy of Australia has an inherent stability mechanism, which consists of primarily two types of stabilizers: a) Structural or Discretionary Stabilizer: These type of stabilizers are used in case of economic fluctuations of bigger magnitudes like recessions or depression. These include changes in the budget of the government as a whole, by changing the existing taxes, modifying them and introducing new budgetary mechanisms (Manalo, Perera Rees, 2014). b) Automatic Stabilizer: This kind of stabilizing instruments operates in a counter cyclical mechanism, which does not directly change the budgetary structures but indirectly affects the budget and the aggregate demand of the economy. These instruments include GST and CGT and the company taxes. These measures are in general used by the governing authority of the country in case of small and manageable fluctuations. The effectiveness of this policy framework can be seen from the countrys past experience in dealing with the Great Recession of 2007-2008. This phenomenon, which originated in the USA and affected more or less all the economies of the world, comparatively left the economy of Australia relatively unaffected. The inherent stabilizing system of the economy helped immensely in getting out of this huge global adverse economic phenomenon without increasing the burden of suffering of the residents by that amount (Bagliano Morana, 2012). The stabilizing framework included the robust banking sector of the economy, which worked efficiently in keeping the interest rates and the lending potentials floating. Other factors contributing in ensuring stability includes the strong and beneficial trade relations of the country with the other economic giants like China and Japan, other than the USA, which again indicates that the country has also gained stability in the external sector. Conclusion: The above discussion elaborates the concept of equilibrium and stability in the equilibrium. In this context, it can be seen from the above discussion that the economy of Australia has maintained a more or less stable pattern with respect to the different economic indicators. Much of this stability can be attributed to the robust stabilizing policy mechanisms which the country enjoys and which has proved to be efficient till now in bringing back the economy to stability in case of any fluctuations. References Australia GDP | 1960-2017 | Data | Chart | Calendar | Forecast | News. (2017).Tradingeconomics.com. Retrieved 22 September 2017, from https://tradingeconomics.com/australia/gdp Bagliano, F. C., Morana, C. (2012). The Great Recession: US dynamics and spillovers to the world economy.Journal of Banking Finance,36(1), 1-13. Baumol, W. J., Blinder, A. S. (2015).Microeconomics: Principles and policy. Cengage Learning. Boland, L. A. (2014).Methodology for a New Microeconomics (Routledge Revivals): The Critical Foundations. Routledge. Dyster, B., Meredith, D. (2012).Australia in the global economy: Continuity and change. Cambridge University Press. Ekelund Jr, R. B., Hbert, R. F. (2013).A history of economic theory and method. Waveland Press. Fisher, F. M. (2016). Adjustment processes and stability.The new palgrave dictionary of economics, 1-6. Henderson, J. V. (2014).Economic theory and the cities. Academic Press. MacDonald, R., Stein, J. L. (Eds.). (2012).Equilibrium exchange rates(Vol. 69). Springer Science Business Media. Manalo, J., Perera, D., Rees, D. (2014). Abstract for RDP2014-11: Exchange Rate Movements and the Australian Economy. Rader, T. (2014).Theory of microeconomics. Academic Press. Tradingeconomics.com. (2017).Australia Inflation Rate | 1951-2017 | Data | Chart | Calendar | Forecast.Tradingeconomics.com. Retrieved 21 September 2017, from https://tradingeconomics.com/australia/inflation-cpi

Accounting Financial Analysis Report for Income Statement

Question: Discuss about theAccounting Financial Analysis Report for Income Statement. Answer: Introduction: Accounting financial analysis is a procedure of business which is done by the professionals to identify and evaluate the performance and the position of the company. It briefs about the financial performance of the company and this process suggests the management of the company to make few changes into its financial strategies or the performance to enhance the position of the company (Higgins, 2012). Accounting financial analysis is a common process which is done by the all the companies and financial analyst to evaluate the performance of the company and make a better decision on the basis of that. In the given case, crystal hotel private limiteds financial accounts have been evaluated. This company is operating its business in Sydney. The capacity and the revenue of the hotel have been evaluated and further the financial performance of the company has been identified which would assist the company to compare the performance with industry and make changes accordingly. Income statement comparative analysis: Income statement is one of the crucial final financial statements of an organization. It briefs about the total turnover, operating and non operating expenses, net profit, gross profit etc of the company. Income statement of crystal hotel private limited has been analyzed and it has been compared with the industry data to analyze the performance of the company (Titman and Martin, 2014). The income statement of the company briefs that the financial performance and the position of the company is quite competitive in the industry. The appendix table 1 briefs that the company should work on its total capacity. At this level, the company would be able to earn more profits. Further, it briefs that the current income statement of the company briefs about better position of the company. According to the case, the rooms revenue of the company should be 51% which is quite higher than the industry benchmark. Further, the FB revenue, halls revenue and other revenue of industry is 39%, 3% and 7% whereas the company revenue is 14.46%, 14.86% and 8.83%. It briefs that the level of rooms revenue and the functions are quite higher and it is required for the company to focus on food and beverages. In addition, cost of sales of the company has been evaluated and compared with the industry benchmark. On the basis of analysis, it has been found that the total cost of sales % of industry is 19% in 2015 which is quite lesser than the companys cost of sales. The companys cost of sales is 27.59% which briefs that the gross profit level of the comapny is lower and it is required for the company to manage the production cost (Madhura, 2011). Further, the personal cost, unallocated operating cost and total cost of the company has been evaluated. The total personnel cost of industry is 33% and the companys cost is 25.38% which briefs about better position of the company. In addition, unallocated operating cost of the company is 18.31% which is 15% in industry benchmark. It explains that the expenses of the company are quite higher (Appendix 2). The total cost and the net profit level of the industry is 68% and 32% respectively whereas the net income level of the company is 19.53% (Brown, 2012). It briefs that the financial position of the company is not that much strong and it is important for the management of the company to enhance the level of the revenues in comparison of expenses so that the net profit level could be enhanced. Ratio analysis: Ratio analysis is a financial analysis process which is conducted by the managers of the company and the financial analysts to evaluate the performance and the position of the company (Brooks, 2015). It briefs about the different positions of the company. Ratio analysis study of Crystal hotel briefs about the profitability level, solvency level, liquidity level and efficiency level of the company. Profitability ratio: Profitability ratio of the company briefs the gross profit level, net profit level, return on assets and return on equity level of the company. Gross profit margin of the company is 72.41% which is lower from 81% (industry benchmark ratio). Further, the level of net profit margin is quite higher and on the other hand, the return on assets and return on equity ratio of the company is also higher than the industry benchmark ratio (Gibson, 2011). It explains that the financial profitability position of the company is quite better and thus the company should maintain the same level. Solvency level: Solvency ratio of the company briefs the equity and debt position of the company to manage its capital structure and the cost and risk of the company. Debt to equity, debt ratio, equity ratio and interest coverage ratio has been evaluated. All these ratios brief the debt level of the company is quite lower from equity level and thus the cost of the company is quite lesser but on the other hand, risk level of the company is quite higher. It explains that the financial solvency position of the company is not good and it is suggested to the company to manage the optimal capital structure. Liquidity level: Liquidity ratio of the company briefs the position of the company to pay its short term current debt through current assets of the company. Current ratio and quick ratio of the company has been evaluated. Current ratio of the company is 1.86 which is lower from 3.2 (industry benchmark ratio). Further, the level of quick ratio is also lower than the industry ratio. It explains that the financial liquidity position of the company is not good and it is suggested to the company to enhance the level of current assets so that better liquidity position could be maintained (Brigham and Houston, 2012). Efficiency level: Efficiency ratio of the company briefs the position of the company to manage its long term debt as well as the working capital management. Inventory turnover ratio and accounts receivable turnover ratio of the company has been evaluated. Inventory turnover ratio of the company is 0.15 which is lower from 8.6 (industry benchmark ratio). Further, the level of accounts receivable collection period is quite higher than the industry ratio. It explains that the efficiency position of the company is not according to the industry so it is suggested to the company to manage the efficiency level. Industry specific benchmark: Further, the industrys performance has been compared with the companys performance on the basis of various other benchmarks such as the total price of the rooms, employees turnover and credit policies of the company. The total price of the rooms has been evaluated firstly and it has been found that the average price per room of the company is $ 148 whereas the industry is charging different rates on the basis of hotel ratings and other facilities. The total profitability position of the company on the basis of total price per room is quite different to the industry ratio. It briefs the company is managing the cost and revenue at different level (Brigham and Ehrhardt, 2013). Further, the employee turnover of the company has been evaluated and it has been recognized that the performance of the company is quite lower in terms of motivating and retaining the customers. The industrys employee turnover level is quite lower than the company and thus it becomes important for the company to look over the issue and resolve it at serious level (Brigham and Daves, 2012). In addition, the credit policy of the company has also been evaluated and t has been found that various issues are faced by the company due to its credit policies which are required to be changed. So, the performance and the position of the company could be better. These changes would assist the company to manage the better position in the industry as well as it would also assist the company to reduce the level of expenses and enhance the level of the cash inflows of the company. These changes would make the company more competitive. Conclusion: To conclude, crystal hotel private limiteds financial accounts are quite different to the final financial accounts of the industry. This company is using the different strategies to maintain the financial performance and the position. The capacity and the revenue of the hotel have been evaluated and further the financial performance of the company has been identified and it has been found that the financial performance of the company is required to be better in terms of solvency position and the liquidity position. Further, the company is also required to reduce the level of the undistributed operating cost and the personnel cost. References: Brigham, E. and Daves, P., 2012.Intermediate financial management. Nelson Education. Brigham, E.F. and Ehrhardt, M.C., 2013.Financial management: Theory practice. Cengage Learning. Brigham, E.F. and Houston, J.F., 2012.Fundamentals of financial management. Cengage Learning. Brooks, R., 2015.Financial management: core concepts. Pearson. Brown, R., 2012. Analysis of investments management of portfolios. Pearson Higher Ed. Gibson, C.H., 2011.Financial reporting and analysis. South-Western Cengage Learning. Higgins, R.C., 2012.Analysis for financial management. McGraw-Hill/Irwin. Madura, J., 2011.International financial management. Cengage Learning. Titman, S. and Martin, J.D., 2014.Valuation. Pearson Higher Ed.

Motivating Employees as the First Step to the Organisation Growth

Introduction The success of any organisation depends solely on the contribution of the employees. Employees are the most essential element of an organisation, and thus managers should put the needs of the workers ahead of theirs in order to ensure smooth running of an organisation. Motivating employees is the first step to ensuring that they give maximum contribution to the growth of an organisation.Advertising We will write a custom essay sample on Motivating Employees as the First Step to the Organisation Growth specifically for you for only $16.05 $11/page Learn More There are various ways of motivating employees, which include good salaries and remunerations, promotion, recognition and rewarding, leadership style, and off-duty times among other benefits. However, different cultures dictate different ways of motivating employees. Diversity in the world cultures directly relates to differences in the organisational cultures in different parts of the wo rld. For instance, the workaholic Japanese culture is different from the American working culture of almost eight hours a day. Hence, a Japanese employee is motivated in a different style from an American employee, who does not work for long hours. Employees are human beings and so are the organisational managers; therefore, managers should always respect their rights at all cost for the benefits of the organisational success. According to the international labour treaties, employees have the right to demand better working conditions, and if not provided by the employer, they can take the matter to the industrial courts. However, some nations do not adhere to that legal requirement; instead, they have their own labour laws that deprive employees of the right to demand better working conditions. Such nations put much attention to economic growth, which they achieve while retaining poor GDPs for employees are economically poor. Among such nations are China and the UAE that stress on e mployees’ contribution while on the other hand they pay low salaries and deprive them the right to ask for more from their employers. Literature Review According to Lipman (2013), a management and corporate life writer at Forbes, there are five ways to motivate and five ways to de-motivate employees. Factors that motivate employees include aligning employee’s economic interests with the performance of the organisation. Daft (2008) notes, managers should understand that an organisation achieves good performance from employees’ contribution, and thus the management team should offer incentives for workers’ contribution. Lipman (203) feels that this move would allow employees to feel part of the company’s success and hence motivate them to work harder in the future. In addition, managers ought to take interest in the future growth of the employees’ career. Employers who mind about the direction of career of their workers makes them feel motivat ed.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More According to the Kuwait Times (2013), most of employees in Kuwait offer career development programs that motivate employees and make them feel part of growing organisations. It is interesting to know that organisations that offer career development programs to their employees give way to innovation and quality production, and hence are more competitive than those that do not offer such opportunities to their employees (Kuwait Times 2013). Willmore (2009) is of the opinion that managers and employers should uphold work-life balance in their employees’ lives. This factor reminds the employers that employees are humans with greater life responsibilities beyond their contribution to the organisations that they work for, and thus their lives should be respected. Doyle (2005) adds that respecting employees’ lives requires that they have enough time to spearhead other responsibilities that lie ahead of their lives. According to Podmoroff (2005), this move may appear as a small gesture to an organisation, but it has a remarkable impact to the overall growth of an organisation that depends on the contribution of the employees. Kehoe and Alston (2007) emphasise that employees appreciate working with an employer who understands their lives beyond the scope of the organisation. For instance, managers should send representatives to employees’ family functions such as weddings or funeral ceremonies. Managers and employees should have effective industrial management skills in their organisation for this requirement, according to Lipman (2013) is a crucial element of ensuring good relationship between employees and their employers. Kehoe and Alston (2007) add that industrial management offer platform for dispute management within an organisation and emphasises on the establishment of effective communication chan nels in an organisation. In any working environment, there has to be issues that demand deliberation between employees and their employers. Hence, it is important for employers to listen to employees whenever they have issues that call for attention. The most effective way of ensuring effective communication, according to Daft (2008), is the establishment of flat communication structure that does not demand hierarchical protocols. Protocols often frustrate employees’ efforts to have managers listen to their grievances and thus it is prudent for managers to lessen them for communication purposes. Employers and managers ought to treat their employees in a respectful way, as they would like to have them treat them back (Doyle 2005). Employees are often very respectable persons and hardly do they offend their managers and employers. On the other hand, managers and employers are not often respectful to employees and they often mistreat them. This factor requires that managers and employees be respectable persons to their subordinates, who in this case are employees, and treat them in a respectable manner.Advertising We will write a custom essay sample on Motivating Employees as the First Step to the Organisation Growth specifically for you for only $16.05 $11/page Learn More On the other hand, according to the Lipman (2013), factors that de-motivate employees include abuse of managerial or supervision positions by managers and supervisors over their subordinates. This trend has an inverse relation with the fifth factor of motivating employees. This analogy applies in all areas where human relations apply and especially in the working conditions. A humble supervisor gets along well with his or her subordinates, and on the other hand, an arrogant supervisor always has problems with subordinates (Daft 2008). Arrogant supervisors and managers do not take matters related to their subordinates seriously, and hence thus they annoy the employees. On realising that they ignore their matters, employees tend to use other ill mechanisms for retaliation, which include go-slow protesting and striking among others that lead to poor performance of an organisation. Hence, managers and supervisors should avoid abusing the powers bestowed to them over the rights and needs of their subordinates. Shallal (2011) notes that managers often take advantage of a successful project of an employee, which often takes place in innovative projects, whereby employees work tirelessly in ensuring that they develop a product that will boast competiveness of an organisation. After a successful breakthrough, the project receives credit and often some managers take credit as theirs, which really should not belong to them. Willmore (2009) warns that such an action is humiliating and unethical, and often demoralises the employees hence they fail to exercise their innovativeness for fear of denial of their credit by their bosses. In addition, mana gers and supervisors often lose temper, hence de-motivating their subordinates. Willmore (2009) holds that loyalty belongs to the persons that are capable of retaining their temper even at difficult situations. Losing temper is a clear indicator of dictatorship and pride and thus managers and supervisors should avoid it at all cost. It is difficult for an individual to think outside the box after losing temper and thus difficult to develop solutions to the pressing problems. Employees feel humiliated and demoralised when associating with a tempered boss as it is difficult to reason with him or her when a problem arises (Migrant Forum in Asia 2009). The failure by managers and supervisors to stand up for their subordinates or organisation when under an external attack causes de-motivation to employees.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Employees should enjoy the protection of an organisation provided the threat under question is beyond the control of an employee. For instance, an organisation should take responsibility of an accident case involving its vehicle, but not leave it on the hands of the driver. Failing to take responsibility would de-motivate the driver and worst still the reputation of an organisation to the public. Lastly, failure by managers and supervisors to praise their subordinates after doing a commendable job causes de-motivation. Kehoe and Alston (2007) posit that human beings like praises when it is due and they work hard to achieve it whenever there is an opportunity. Working environments offers numerous opportunities for praises, and thus employees work hard for praises from their bosses after making great achievements. After great achievements, bosses’ failure to recognise and praise the workers greatly-demoralises them and worst still leads to inferiority complex. Therefore, Podmor off (2005) insists that it is important to acknowledge employees’ achievements for it motivates them to work harder for more praises, which translates to improved performance of an organisation. Immigrant Women Employees in UAE Policies governing rights of women immigrants Over the recent past, there have been numerous cases of poor working conditions of women immigrants and abuse by their foreign employers in the United Arab Emirates (UAE). The introduction of the international law in 2004 intended to curb the ill behaviours of employers who abused the rights of immigrant women workers. The UAE is an Islamic cultural region and thus its culture does not allow women to exercise some rights as men do; hence, conflict between employers and immigrant women workers, especially those belonging to different religions and cultures. The UAE Ministry of State and Federal Council Affairs (2008) published a report on the development of the UAE in the handling of women in social affairs after the region ranked 29th among 177 nations. The report titled â€Å"Women in the United Arab Emirates: A Portrait of Progress† outlined the developments and challenges that faced status of women in the region (Omair Katlin 2009). According to a report, by Migrant Forum in Asia (2009), submitted to the Committee on Elimination of Discrimination against Women, more that 70 per cent of women workers in the region are immigrants with Philippines leading with the highest number. The majority of migrant women secure employment as domestic staff in the UAE region. However, the secluded environment that surrounds their work exposes them to the abuses of their employers. Their employers often abuse them â€Å"sexually, withholding their passports, physical abuse and assaults, mobility restrictions, and deaths in the worst-case scenarios† (Migrant Forum Asia 2009, p.7). Victims lack access to justice due to lack of a legal frameworks that deal with such cases in the region. The aforementioned report, acknowledged some notable progress in the way government dealt with cases involving abuse of women immigrant workers by their bosses. However, foreign states had pressured the government to offer legal mechanisms that offer protection to their citizens who worked in the region. Since the introduction of laws that allowed women immigrants the right to transfer employers under valid contracts, cases of abuses have reduced significantly. Issues surrounding women migrant workers in the UAE Exclusion from labour law Unfortunately, the UAE labour legislations do not recognise migrant house servants. However, they fall under the Ministry of Interior, in the Department of Immigration. The exclusion from the labour laws deprives them of the right to demand labour justice in the industrial courts, which seems as slavery for employers take matters on their hands without fear of the law. Domestic workers are important employees for their services allow employers to a ttend to other economically positive affairs. Hence, employees need the government’s protection just like their employers (Dhal 2012). The government ought to ensure that domestic workers have access to good working conditions. The Migrant Forum Asia (2009) suggests that employees should have good houses, access to communication facilities, mobility rights, and regular inspection of their working conditions. These elements would motivate domestic workers to give their best to the needs of their bosses for there would be a good working relation between the two parties. Temporary labour migration The international labour law allows for easy transfer of employers without deportation; however, the UAE banned the law claiming that domestic workers could become intolerable if allowed to transfer freely from one employer to another. The argument is valid for the sake of security of both the employee and employer, but places a domestic worker at a highly vulnerable position to the ab use of an employer (Suliman Al-Sabri 2009). The government ought to find ways of regulating the movement of domestic workers and allow them to change their employers freely in case of dispute. A corporate employee has the freedom to transfer at will regardless of the nature of existing relationship between him or her and the employer. Hence, the government should extend the same requirements to a domestic worker who is equally important as the corporate worker for the development of the region. Shockingly, skilled domestic workers such as teachers, nurses, and graduates are exempted from some restrictions, which indicates a high level of discrimination and worst still a growing level of slavery in the region. Human Trafficking and Illegal Recruitment There has been a rise in the number of unscrupulous employment agencies associated with the UAE employers in third world countries across Africa and Asia. These agencies take advantage of the economic status of women and promise good w orking conditions in Dubai and Kuwait among other prestigious parts of the UAE. Worst still, these agencies do not comply with the international labour movement agencies that require them to undergo safety screen before conducting their business. Human trafficking is a serious crime across the UAE; hence, those agencies do not assure their victims of foreign safety, and thus they simply damp insecure workers at the hands of employers and never care about them afterwards. Regrettably, those agencies pressure the migrant women to surrender their travelling documents to their bosses, and thus losing contact with their contact individuals and embassies. Additionally, there have been cases of illegal border crossing into the UAE whereby illegal employment agencies channel their victims through into the region. Conclusion and Recommendations Workers require motivation for them to give maximum contribution to the welfare of an organisation. On the other hand, employers should not consider efforts that would motivate their employees as a burden, but rather as an investment worth venturing for the benefit of an organisation. Employees are human beings and just like their employers and bosses they deserve human respect and dignity at all cost. In addition, employers should ensure that employees have a sense of belonging to the welfare of an organisation. Hence, they are part of an organisation’s success, and thus the employers should reward them for contributing to the success of an organisation by offering them incentives among other benefits. Such a move would enhance employees’ motivation and hence they will offer greater contributions to the success of an organisation. In recommendation, employers should value their employers in the same way that they want to be valued. Governments also should contribute in enhancing good employee-employer relationship by introducing laws that prohibit discrimination and abuse of employees’ rights. The governmen ts, at all levels of employments, should enhance industrial relations so that employees may have a right to demand their rights through legal framework mechanisms. In the case of the UAE, migrants need protection through legal mechanisms, and thus respective governments across the region should enact laws that govern workers’ rights at the hands of local employers. For employers who defy labour laws, the government should punish them decisively for they do not only tarnish the image of the UAE in the international arena, but they destroy international relations with the countries where migrant workers belong. Reference List Daft, R. 2008, The leadership experience, Cengage Learning, Mason. Dhal, S. 2012, Employees who employ dirty tricks. Web. Doyle, S. 2005, The manager’s pocket guide to motivating employees, HRD Press, Amherst, MA. Kehoe, D. Alston, D. 2007, Motivating Employees: 25 action-based articles showing you how to engage your people in peak performance, McG raw Hill, New York. Kuwait Times 2013, Work life balance ‘most motivating factor’ for employees in Kuwait. Web. Lipman, V. 2013, 5 easy ways to motivate- and demotivate- employees. Web. Migrant Forum in Asia 2009, Women Migrant Workers in the UAE: not quite in the portrait. Web. Omair, C. Katlin, G. 2009, ‘Women executives; Gender; Clothing; Middle East. Gender in Management’, An International Journal, vol. 24 no.6, pp. 412-431. Podmoroff, D. 2005, Three hundred and sixty-five ways to motivate and reward your employees every day– with little or no money, Atlantic Publishing Company, Florida. Shallal, M. 2011, ‘Job satisfaction among women in the United Arab Emirates’, Journal of International Women’s Studies, vol. 12 no.3, pp. 114-134. Suliman, A. Al-Sabri, N. 2009, ‘Surviving through the global downturn: Employee motivation and performance in healthcare industry’, The open business journal, vol. 9 no. 2, pp. 86-94. UAE Ministry of State and Federal Council Affairs 2008, Women in the United Arab Emirates: a portrait of progress. Web. Willmore, J. 2009, No Magic Bullet: Seven Steps to Better Performance, American Society for training and Development, Alexandria. This essay on Motivating Employees as the First Step to the Organisation Growth was written and submitted by user Jillian Q. 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.

Preparing a Sample Essay For a Scholarship Application

Preparing a Sample Essay For a Scholarship ApplicationYou can prepare your own sample essay for a scholarship application. By using a sample you can get an idea of how the essay will look and the way it will be structured. This is very important when writing a scholarship essay for a scholarship competition.There are many different reasons why people want to enter into college or university. They may have excelled in a subject or skill area during their schooling and want to pursue further education to improve on those skills. Or they may want to pursue further studies and may have lost hope in the ability to go back to school after their education has ended.By using a sample essay for a scholarship application you can easily see the structure and contents that will appear on your school's application forms. This is important as you do not want to fall foul of something that appears in a certain order that you did not write. A sample also allows you to see what you will be required t o write. You may have seen this before but it will help you to ensure that it reads well and matches with what you want to say.The essay you use for a scholarship competition is called a Subject Area Essay. You are allowed to write as much detail about the subject as you want to in this type of essay. This is a great opportunity to show off your knowledge about the subject and explain your reasoning behind it. You may even use a good deal of personal anecdotes to drive your argument.First you should outline your reasons for applying for the scholarship, how your academic achievements have helped to pave the way for you and how you intend to make the most of your studies. To really draw people in you should try and write about three paragraphs on each subject. This will help you to write as concisely as possible.You can use a sample or get advice from someone who has already used one of these forms. You can always use a sample in place of a professional writer. You should be able to find a sample somewhere for free which will give you a good indication of how the scholarship essay will read.It is a good idea to start writing this essay before you have entered college. This is because you will need to have a general idea of what is expected of you at this point. It is also useful if you are still working on getting your university transcript to send it to the school before you have entered college.Preparing a sample essay for a scholarship application is useful if you are already going back to college. It will give you a good idea of what the admissions committee will expect of you and what you will be expected to show in your admissions essay.

Needles, Knives, and Bones essays

Needles, Knives, and Bones essays There are many different types of medical care in the world. Two types are traditional medicine and chiropractic care which is also known as western medicine. These two types of medical care differ in a great number of aspects and yet share many similarities at the same time. Chiropractic care and traditional medical care resemble each other in many ways. One is that they both recommend to their patients the use of painkillers or anti-inflammatories to help with soreness. In addition, when patients go to either of the doctors, an initial exam is performed where their medical history and current physical condition are studied. This initial exam is performed at the first visit to either of the doctors offices. After the doctors diagnoses the patients, they will then recommend that the patients do an exercise-oriented rehabilitation. Ice and heat are also recommended by both types of doctors in addition to an exercise-oriented rehabilitation. Along with treating problems the same, doctors of chiropractic and traditional medical doctors also both use x-rays and MRIs to help find the cause of the aches or illnesses. Both chiropractors and medical doctors are covered by patients insurance, and they both need to follow strict regulations about patient privacy, which are called HIPAA regulations. With many of the similarities between doctors of chiropractic and doctors of medicine having been stated, the numerous differences between the two types of medical care will now be looked at. One of which is that while both doctors will recommend that their patients use anti-inflammatories and painkillers to help ease their pain, medical doctors use prescription medications such as cortisone, celecoxib, and rofecoxib, and chiropractors use over-the-counter medications such as Aleve, Tylenol, and Ibuprofen. Chiropractors are also known to suggest natural supplement to be taken by their patients. For example, Gluco...

Assigments Essay Example | Topics and Well Written Essays - 500 words

Assigments - Essay Example When the platelets come in close vicinity to the site of damage in the vessels, they start to change their shape and become swollen. At the same time, they contract to release essential substances which make them adhere to the damaged wall and in particular to the collagen in the walls of the damaged vessels. They also tend to release ADP. This substance further assists the platelets in their function and tend to stimulate the platelets which lie close to the damaged vessel by making them active. These platelets tend to cluster together and come and join the initial platelets that adhered to the vessel wall that was damaged. This results in the formation of a platelet plug which closes the damaged vessel. At the same time, there is further release of clotting factors. This mechanism indicates the positive feedback system of the human body where the activation of one platelet further stimulates the cascade and results in more stimulation and the formation of a platelet plug (Lauralee 2006 p322). Works Cited Top of Form Clark, Robert K.  Anatomy and Physiology: Understanding the Human Body. Sudbury, Mass: Jones and Bartlett Publishers, 2005. Print. Bottom of Form Top of Form Sherwood, Lauralee.  Fundamentals of Physiology: A Human Perspective. Belmont, Calif: Thomson Learning distributor, 2006. Print.

Methods used to Analyze the Marketability of a Firm Essay

Methods used to Analyze the Marketability of a Firm - Essay Example Interviews, by mail and on-site, were conducted to determine the demographics and characteristics of the typical angler. Discovering the motives of paying anglers proved to be beneficial in the analysis (relationship). This analysis will assess needed requirements and how well they are suited to the company's capabilities. Organizations can use this data to choose ideas and products which match their technical support, leading to competitive advantages. This analysis will also help to determine whether in-house or external technical support is the most feasible. A number of methods can be used when conducting a technical analysis. Checklists, scoring tools, environmental scanning, and decision-making models (as used by the West Virginia Department of Forestry) are some of the most widely used methodologies. A company should not, however, make the technical analysis its main focus. The analysis may show the firm's marketability in a glowing light, but this opinion may not be equally shared by its customers. A case in point is RCA's introduction of their quadraphonic 8-track system in 1970. This product issued booming marketability for RCA; however, predictions for future technology were not illustrated on their then-technical analysis. Collection of market data on products and ideas are essential to determine marketability. ... This product issued booming marketability for RCA; however, predictions for future technology were not illustrated on their then-technical analysis. MARKETING ANALYSIS Collection of market data on products and ideas are essential to determine marketability. If a company isn't competent in marketing skills, it will not succeed. An example is the largely-populated country of China. They can offer numerous opportunities; however, it has been quite challenging for the Chinese to market their products in their own country. Marketing challenges must definitely be addressed. Each concept requires different marketing data and strategies. Very much like the technical analysis, checklists, scoring tools, and environmental scanning are effective tools. A decision-making resource, such as the Analytic Hierarchy Process (AHP) is also beneficial. Always keep in mind that a firm is never marketable without customers who are seeking your products or ideas. It's also crucial to analyze your target customer base and the demand and supply of your products. FINANCIAL ANALYSIS The primary goals of an organization are to produce a profit, increase sales and customers, and to show a return on their investment. To be marketable, a firm should set financial guidelines. To get an accurate financial analysis, much financial data is needed. Budget goals must be set and met. Benchmarks must also be laid down to agree with financial returns put in place. The most widely used financial analysis methodology is the Net Present Value method (NPV). This method associates the monetary benefits and expenditures against the products. The product's NPV is then weighed against the interest rates and the