The management styles in the case of MULTICO Study

The management styles in the of MULTICO - Case Study Example On the other hand, there is always the choice of changing existed strategies and developing alternative plans, i.e. of introducing changes that can refer to a variety of organizational sectors. In this context, it is noticed that 'change is a constant in modern working life; since change is inevitable, managers must work to give their staff a sense of control over changing situations' (Rosenberg, 1993, 21). Current paper focuses on the changes implemented in Multico, a firm that operates around the world, especially referring to one of the firm's divisions, the 'DrugDiv'. In this division a series of changes was attempted; these changes involved in the replacement of the firm's (division's) IT systems. Appropriate training was offered to the firm's staff however it seems that there were further more issues that should be discussed regarding the specific initiative of the firm's managers. In Multico, management decisions focus on the expansion of the business activity and the increase of the productivity of employees. For this reason, a series of changes has been promoted by the firm's managers in order for the firm's operational standard to be improved - technology is the main tool for the achievement of this target. ... The implementation of the new IT system has been promoted without the employees to be informed in advance on the attempted changes; even after the implementation of the IT system the employees were not asked to state their view regarding the whole scheme. On the other hand, gradually efforts have been made by the firm's management in order to fill this gap. This effort started in December 1995 when each member of the staff was given a new laptop computer and new software in order to communicate more effectively with the other members of the staff. Apart from that, a database was also provided to all firm's employees (one year after, in December 1996) in order to further support the training of the employees on new systems and to improve the communication and the access of employees to valuable data. The above behaviour of the firm's management team could be evaluated using the relevant literature. In accordance with Eoyang et al. (2001, 5) 'many organization change initiatives start at the top and deal strongly with any resistance from system agents that blocks progress; common ways of responding to resistance include downsizing, restructuring, and re-engineering'. On the other hand, Huy (2002, 31) supported that 'fundamental change in personnel, strategy, organizational identity, or established work roles and interests often triggers intense emotions'. In other words, the way that managers in Multico handle the whole project (implementation of changes in the 'DrugDiv' division of the firm) could have led to severe turbulences within the organization. The above assumption is also supported by Coombs et al. (2004, 491) who noticed that 'managers need to understand how aggressive behaviour may signal organizational problems such as stress, resistance to

Legal and Practical Aspects of Islamic Securitisation Essay

Legal and Practical Aspects of Islamic Securitisation - Essay Example The term â€Å"Islamic finance† is a recent invention having only appeared in the middle of the 1980s. Previously, any commercial activities that complied with Islam was referred to as â€Å"interest free† or â€Å"Islamic banking†. The impetus for establishing Islamic financial systems grew out of perceptions on the part of many Muslims that they existed in an essentially hostile â€Å"non-Muslim environment.† Spurred by the increase in rich oil resources during the 1973 – 1974 after a global oil crisis, oil producing Muslim countries were encouraged to implement innovative financial tools that closely resembled those used by Western businesses. In more recent times, Islamic Banking and Finance initiatives have expanded at a rapid rate throughout Muslim countries and in non-Muslim countries with large Muslim populations. As a result, Islamic Banking and Finance is gaining currency in significant Western businesses. This is an interesting and unique development given that Islamic finance is governed by the Shariah and as such is not a universal concept. The fact is the Shariah or Islamic law governs all daily activities of Muslims. From a financial perspective, the Shariah governs not only how capital can be acquired but also how it can be discharged. While wealth may be acquired, it may only be acquired by methods that are fair to all participants.

Aproaches To Dialogue Essay Example | Topics and Well Written Essays - 4500 words

Aproaches To Dialogue - Essay Example Thus, in the last two centuries, about one third of all territorial disputes have developed into all-out confrontation and war, whereas many others were peacefully settled by means of negotiations, third-party mediation, arbitration by the International Court of Justice (ICJ), etc. (Wiegand, 2011). The long-drawn-out dispute between the United Kingdom and Argentina over the sovereignty of the Falkland/Malvinas islands – which lasted for more than 170 years, as against the average duration of ongoing territorial disputes of about 50 years (Wiegand, 2011) – denotes a notable example of the former. This paper is intended to critically review and evaluate the role of dialogue in the international context, namely in reconciliation and peace building; being based on a case study concerning the Falklands War of 1982, hence the failure of diplomacy at resolving the problem and preventing armed conflict, the paper expounds on the reasons why diplomatic efforts, including negotiations and third-party mediation, came to nothing. The Falkland archipelago is located in the South Atlantic, some three hundred miles away from the mainland South America, with a total land area of 4Â  700 square miles, and approximately 2000 inhabitants (Beck, 1988; Gibran, 1998). The East and West Falkland are the archipelago’s largest islands, with extremely irregular coastlines and a hilly land surface, separated by a fifty-mile long and ten-mile wide waterway named Falkland Sound, aka the Strait of San Carlos; the capital city, Port Stanley, with a population of some 1000 as of 1980, is on the northeast coast of the East Falkland (Beck, 1988; Gibran, 1998). Over the past century, nearly all of the inhabitants of the East and West Falkland, which have actually declined ever since 1931, were of British origin (Gibran, 1998). Ever since their discovery in the 16th century, the Falklands have been subjected to successive occupation attempts by a number of colonial powers,

Finding proper article from the daily press or other sources n writing Essay

Finding proper article from the daily press or other sources n writing 2 pages report about article - Essay Example This brief paper discusses some of the important issues in international trade relations. The world economy is in a recession brought about by the sub-prime mortgage crisis in the United States which started sometime in 2007 but later spread worldwide. Because of it many developed countries are facing financial and economic crises as a consequence as seen in the sovereign debt crisis in European countries such as the PIIGS (Portugal, Ireland, Italy, Greece and Spain) which undermined the euro currency and unity of the European Union. It is a crisis of unprecedented proportions which had adversely affected world trade in general. Recent news reports as seen in the international media point to a lingering crisis that had defied easy solutions. World trade today is conducted mostly under the WTO supervision but there are many trade blocs now in existence that grant special most favored nation status (MFN) to some countries that trade with each other. This is a violation of the WTO rules that state countries should let free trade prevail through its non-discrimination policy in place. An example of a specific trade bloc is the so-called G-20 (or group of 20) consisting of the twenty most economically powerful countries of the world. However, this group failed to produce a single plan of action that will adequately address the Great Recession in contrast to the Great Depression of 1933. The world today is facing similar challenges in world order as economies are facing stubbornly high unemployment rates such as the U. S. and Europe. A G-20 meeting held in Seoul (South Korea) last year to address the most pressing issues failed to come up with a solution as member-countries could not agree on what steps to take. This is a dangerous situation which had frayed international trade relations because of some massive international trade imbalances of some countries (China and Germany in

Final Application Paper Term Example | Topics and Well Written Essays - 1250 words

Final Application - Term Paper Example It offers an overview on the management of diversity in the workplace. The paper will focus on the general concepts of managing diversity and its advantages to an organization. Managing diversity is defined by Taylor Cox as â€Å"planning and implementing organizational systems and practices to manage people so that the potential advantages of diversity are maximized while its potential disadvantages are minimized† (University of California, Berkeley, 1994). Diversity among people can be with respect to age, class, ethnicity, gender, physical and mental ability, race, sexual orientation, religion, marital status, educational background, work experience and income. Today’s increasing globalization requires more interaction among people of diverse cultures and backgrounds. Now more than ever, managing diversity becomes an important issue in the workplace. Managing diversity, in order for it to be successful requires certain skills from management. First, management must u nderstand that workforce diversity is a reality and that discrimination has its consequences. Second, managers must be able to recognize their own biases, prejudices and stereotypes. An example is in the area or recruitment where the HR manager is considering an Asian and an American for a certain job position. Although the manager is an American, he chose the Asian over the American because he was more qualified in terms of experience and educational background than the American. This case clearly illustrates that the HR manager put aside his biases/prejudices to come up with a decision that will be most beneficial to the company. Finally, managers must have the ability to recognize what will best work for the organization in terms of teamwork among its diverse employees and the dynamics of the workplace (Green, Lopez, Wysocki, & Kepner, 2008). If an organization is able to manage diversity effectively, it poses to gain several benefits. Foremost among these benefits is that it wil l be able to attract, recruit and retain people from a wide talent base. It will also reduce employee turnover and absenteeism. Management will also pave the way to develop the flexibility and responsiveness among its employees. Creativity and innovation is further enhanced by the heterogeneity of the workforce. The morale of the employees will be boosted; thereby, increasing their commitment towards the company. To illustrate, if one employee is physically disabled yet he feels that he is not discriminated and not looked down upon by his co-workers and by management, then he will be encouraged to perform his best at work because he knows that he is appreciated despite his handicap. Moreover, in this era of globalization and rapid technological advancement, a diverse workforce from all walks of life will certainly benefit the organization. One such example is when a company hired different nationalities in its sales force, their revenue incredibly increased. This was because they we re able to tap various markets and serve their clients better since their sales force understood the specific needs of their foreign clientele. To recognize diversity means understanding that people have differences and similarities which can be used for the benefit of both the individual and management. Managing diversity means that there is fairness and equality in the organization. â€Å"

Ecological Colapse of Past Civilizations Research Paper

Ecological Colapse of Past Civilizations - Research Paper Example This risk has been existing in the human history, resulting in the current destructive modern technology, which is contributing a lot towards environmental pollution. It is widely believed that pre-industrial societies respected and preserved nature, lived with their environment in a harmonious manner, and were wise when it came to the consumption of natural resources. However, Diamond points out that there is a large number of pre-industrial societies that did collapse. He defines â€Å"society collapse† as a local radical decrease of the number of human populations and economic, political, and social complexity (363). He further states that collapse can result in a certain human population disappearing completely over a wide area. Some of the victims of past civilizations listed in this article include: Great Zimbabwe, Greenland Norse, Anasazi, Angkor Wat, Classic Lowland Maya, Mycenaean Greece, and Easter Island among many others. Human beings should have learned from the collapse of these societies and work tirelessly to find appropriate solutions to the current environmental difficulties. Diamond notes that the recent devastating evidence from archaeological and other disciplines demonstrates that some of the past collapses actually stemmed from ecological disasters that are similar to the current ecological suicide that human beings are risking to commit nowadays. Even though the past societies were made up of smaller populations with less destructive technology compared to the ones we possess nowadays, the pre-industrial ecological suicides unfolded resulting in collapsing of some societies. This indicates that things will become worse if we continue participating in modern activities that cause a lot of harm to the environment. People can really learn from these past happenings. However, the problem seems to be very complicated. This is a problem that requires critical thinking to come up

Final Application Paper Term Example | Topics and Well Written Essays - 1250 words

Final Application - Term Paper Example It offers an overview on the management of diversity in the workplace. The paper will focus on the general concepts of managing diversity and its advantages to an organization. Managing diversity is defined by Taylor Cox as â€Å"planning and implementing organizational systems and practices to manage people so that the potential advantages of diversity are maximized while its potential disadvantages are minimized† (University of California, Berkeley, 1994). Diversity among people can be with respect to age, class, ethnicity, gender, physical and mental ability, race, sexual orientation, religion, marital status, educational background, work experience and income. Today’s increasing globalization requires more interaction among people of diverse cultures and backgrounds. Now more than ever, managing diversity becomes an important issue in the workplace. Managing diversity, in order for it to be successful requires certain skills from management. First, management must u nderstand that workforce diversity is a reality and that discrimination has its consequences. Second, managers must be able to recognize their own biases, prejudices and stereotypes. An example is in the area or recruitment where the HR manager is considering an Asian and an American for a certain job position. Although the manager is an American, he chose the Asian over the American because he was more qualified in terms of experience and educational background than the American. This case clearly illustrates that the HR manager put aside his biases/prejudices to come up with a decision that will be most beneficial to the company. Finally, managers must have the ability to recognize what will best work for the organization in terms of teamwork among its diverse employees and the dynamics of the workplace (Green, Lopez, Wysocki, & Kepner, 2008). If an organization is able to manage diversity effectively, it poses to gain several benefits. Foremost among these benefits is that it wil l be able to attract, recruit and retain people from a wide talent base. It will also reduce employee turnover and absenteeism. Management will also pave the way to develop the flexibility and responsiveness among its employees. Creativity and innovation is further enhanced by the heterogeneity of the workforce. The morale of the employees will be boosted; thereby, increasing their commitment towards the company. To illustrate, if one employee is physically disabled yet he feels that he is not discriminated and not looked down upon by his co-workers and by management, then he will be encouraged to perform his best at work because he knows that he is appreciated despite his handicap. Moreover, in this era of globalization and rapid technological advancement, a diverse workforce from all walks of life will certainly benefit the organization. One such example is when a company hired different nationalities in its sales force, their revenue incredibly increased. This was because they we re able to tap various markets and serve their clients better since their sales force understood the specific needs of their foreign clientele. To recognize diversity means understanding that people have differences and similarities which can be used for the benefit of both the individual and management. Managing diversity means that there is fairness and equality in the organization. â€Å"