...Louis article on NAB’s employer’s strategy involves in several management theories. Mainly discussed in this essay will be influences of organizational culture, CSR, theory Y, behavioral management theory and managerial functions. The essay ends up with reflections future benefits of embracing diversity. Influences of organizational culture As “a set of shared value, norms, standards for individual and expectations” within an organization, organizational culture holds together a group of people with similar attitudes or personalities. Benjamin Schneider pointed that these similar employees are more likely to stay than those who are dissimilar in personalities. National Australian Bank (NAB), with 26,000 out of 44,000 staff working in Australia where ethnic diversity and individualism are dominant, responses quickly to this national culture. Succeeding setting up an organizational culture of appreciating diversity and autonomy, NAB witnessed an increase in the return rate of employees on leave by 16% from 2006 to 2011. Effective management of diversity Among 11 steps a manager can take to manage diversity effectively, given in Waddell (2007, 135-138), NAB sits comfortably along with the theory by securing top management commitment, increasing diversity skills, encouraging flexibility and mentoring of diverse employees. Also, Based on the Hawthorne effect, the bank set up a top management commitment to keep employees happy, which is based on appreciating diversity, so as...
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...Introduction History of Lehman Brothers Subprime Crisis Explained Vicious circle & the fall of Lehman Brothers Organizational Culture at Lehman Brothers Future Conclusion Introduction Lehman Brothers Holdings Inc, aka the fourth-largest investment financial institution in the US (behind Goldman Sachs, Morgan Stanley, and Merrill Lynch), was a 158 years old bank that had to declare its bankruptcy in September 2008. Led by its CEO, Richard Fuld, Lehman Brothers was a glorious and respected investment bank for which some of the most experienced and intelligent financial analysts/investors were working. How come then, than in a less than one week, the whole structure imploded and led to one historical bankruptcy and with the same occasion, became the trigger of the 2nd most dramatic worldwide financial crisis? This essay has been written, in what seemed to me, the most logical way to approach this very interesting and complex subject. A quick peak to Lehman Brothers’ history will help the reader to understand how, starting from very humble origins, Lehman Brothers became one of the top investment financial institutions in the US before its collapse. The financial crisis of 2008, also called the subprime crisis was the biggest reason of LB’s downfall. Having done some researches, the reader will be explained, in a very intuitive but complete manner, how this crisis began and how it evolved until it affected the whole world. One can already agree that LB’s got caught...
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...Mexico’s climate varies from desert to tropical. (CIA, The World Factbook: Mexico, n.d.) The two peninsulas of the country illustrate the changes in the climate from one side of the country to the other. The Baja peninsula is desert like with temperatures reaching 100ºF and above, whereas the Yucatan peninsula is tropical and wet. The Yucatan peninsula contains rainforests and white sand beaches. (World Travel Destinations, Culture and History Guide, n.d.) In recent years, Mexico has rapidly developed its tourism sector, the Yucatan peninsula has grown very quickly. Tourism is the fourth largest source of currency income in the country. (Country Profile: Mexico/economies, n.d) The country’s capital city is Mexico City. The primary language spoken is Spanish but there are an estimated 62 other indigenous languages. Most of the population is Roman Catholic. Mexico is a federal democratic republic containing 31 states and a federal district. The estimated population is 114.8 million. Mexico has a GDP of 1.55 trillion US$ as of 2011 census. (The World Bank, 2011) The standard of living in Mexico is split between the north and south, most of Mexico’s poverty being in the south. The second largest source of income is the income earned by Mexicans, approximately 12 million,...
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...growing in different racial, ethnic, religious, language, and cultural groups. These diversity groups are increasing the need for multicultural educational initiatives within all schools, including higher education. This essay will examine two of the four approaches to multicultural curriculum reform recommended by Banks (1989). The two approaches are Level I: The Contributions Approach and Level II: The Social Action Approach. Rather than attempt to define multicultural education, these approaches have been broken down into levels, that allow different conceptions in the decision making process when implementing multicultural education program. This essay will examine the two approaches,...
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...The Reflection on Whether Gender Influences Cultural Work Introduction The term culture industry was first put forward by Max Horkheimer and Theodor Adorno (1944), the philosophers of Frankfurt School. In the book Dialectic of Enlightenment (1944: 94-95), Horkheimer and Adorno argued that the mass culture in capitalist society can be treated as an ideology factory which producing the standardized cultural products, such as magazines, radios, films and so on. Under this assumption, Horkheimer and Adorno supposed that the mass society can be manipulated by these homogenous cultural goods and services, and became more docile and passive (1944: 94-95). About 20 years later, since the 1960s, the business activities and employments in cultural industries – art, music, fashion, graphic design, film, radio, television, advertising, gaming, software production and leisure – have been showing a strong trend of expansion. According to Hesmondhalgh, ‘the cultural industries have moved closer to the centre of the economic action’ (2007:1). Western governments expect that the cultural industries can become a solution of deindustrialization, in order to deal with the systemic crises (Smith, 1998; Seltzer and Bentley, 1999; DCMS 2001; DCITA, 2005). As a consequence, cultural industries arouse concerns from the academic world. However, the definition of cultural industries was still fuzzy until 2007, Mark Banks defined it as: ‘those involved in the production of ‘aesthetic’ or ‘symbolic’ goods...
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...garment businesses have to meet many strict requirements and standard barriers that they may find hard to overcome without careful business strategy preparation and culture amd regulation understanding. I am building a business preposition and focusing on the primarily cultural and political aspects to entering Japanese market. In this context, my concentration is to understand targeted market, evaluate why culture and regulation have major impact on strategy to enter this market. Conventionally, I am proposing my recommendation to dealt with the is This essay covers the topic of entry strategy of a Vietnamese organisation, Thanh Cong Textile and Garment Corporation (Thanh Cong), to exporting garment products to Japanese market. Thanh Cong expands its business to this potential market in the area to prospect for development in this globalization context. Japan represents a very attractive market and big potential for investment in garment industry. However, this market is marked by complexity, highly defended and unique of the culture and institution of trade which required careful investigation prior to investing business venture there. My motivation and interest for this essay comes from my experience in garment industryand Japanese businessesspeciality obtained after four years worked at HSBC Bank Vietnam (as credit risk management officer) and Aon Risk & Insurance Vietnam (as business development executive) respectively. One of my potential customs was Thanh Cong...
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...UNIVERSITY Date of submission: 13th December 2013 Joshua Travers i7943443 Introduction The author has interpreted the dynamic business environment to be all of the factors, both internal and external, which influence the function of a business. Internal factors include items such as the company's products or services, employees, assets, and marketing. External factors include competitors, stockholders, customers, and economic conditions (Investor Words 2013). This essay will explore how the two issues addressed in the title can impact the central theme; the employee. Failure of engaging with the employee has been highlighted as a major cause to why 70% (Keller and Aiken 2008) of change and 50% (Sher 2012) of M&A efforts fail. This common pitfall suggests that both of these issues impact heavily on the employee and vice versa. The author aims to critique change management and merger literature to provide an extensive view of these issues in the business environment. Once the relevant context is set, the essay will focus towards the employee perspective of these two issues and will apply significant theory to a range of recent examples within the realm of these topics. Change Management Change management can be defined as “the process of continually renewing an organisation’s direction, structure, and capabilities to serve the ever changing needs of the external and internal customers” (Moran and Brightman 2001). Importance of Change Management Two Mckinsey consultants, Tom...
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...Executive of Tesco Bank, creating the right culture in the bank has been my priority since we assumed full control of the business four years ago. Ultimately it is the culture of a business that transcends all other influences on how its customers are treated. I encountered an essay recently which contained the following passage: "Somebody had blundered and the most expensive orgy in history was over. It ended two years ago, because the utter confidence which was its essential prop received an enormous jolt and it didn't take long for the flimsy structure to settle earthward". The essence of these words could have been written at any point in the last few years. But they were written from the vantage point of 1931 by the great American writer F Scott Fitzgerald in a seminal magazine article entitled 'Echoes of the Jazz Age'. The importance of having the right culture in business, and in financial services in particular, has once again been illustrated by the failures of the recent past. It is worth reflecting on how history repeats itself in the absence of intervention; how strongly Fitzgerald's words resonate more than eighty years after they were written. The expression "flimsy structure" can be interpreted usefully in the context of business culture. What do we mean by culture? It can be all too readily discussed in superficial terms. For me, it is the guide rails that determine the enduring distinctiveness of an organisation. It is the culture - good or bad - that...
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...Civilization Paper HIS 115 Week 1-CheckPoint - European Societal Changes HIS 115 Week 2-Appendix B - Compare and Contrast Matrix HIS 115 Week 2-DQ 1 HIS 115 Week 2-DQ 2 HIS 115 Week 3-Assignment Seven Years' War Paper HIS 115 Week 3-CheckPoint - Great Britain and the Colonies HIS 115 Week 4-Appendix C - The Confederation Government Table HIS 115 Week 4-DQ 1 HIS 115 Week 4-DQ 2 HIS 115 Week 5-Assignment - Western Expansion Presentation HIS 115 Week 5-Checkpoint - Hamilton's Financial Program HIS 115 Week 5-Checkpoint - War of 1812 HIS 115 Week 6-CheckPoint - The Bank War HIS 115 Week 6-DQ 1 HIS 115 Week 6-DQ 2 HIS 115 Week 7-Assignment - Perfection Era Paper HIS 115 Week 7-CheckPoint - Class Structure and Slave Culture HIS 115 Week 8-Appendix D - Civil War Matrix HIS 115 Week 8-DQ 1 HIS 115 Week 8-DQ 2 HIS 115 Week 9-Capstone Checkpoint HIS 115 Week 9-Final Project - Historical Timeline and Essay Activity mode aims to provide quality study notes and tutorials to the students of HIS 115 COMPLETE CLASS in order to ace their studies. HIS 115 COMPLETE CLASS To purchase this visit here: http://www.activitymode.com/product/his-115-complete-class/ Contact us at: SUPPORT@ACTIVITYMODE.COM HIS 115 COMPLETE CLASS HIS 115 Week 1-Assignment - North American Civilization Paper HIS 115 Week 1-CheckPoint - European Societal Changes HIS 115 Week 2-Appendix B - Compare and Contrast Matrix HIS 115 Week 2-DQ 1 HIS 115 Week 2-DQ 2 HIS 115 Week 3-Assignment Seven Years'...
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...readings on culture: Cross Cultural Management: An international Journal. What is Culture? Culture is a term that can have various meanings, for example Kroeber and Kluchohn compiled 164 definitions of culture. Some of the more prevalent definitions relating to our topic are below. Banks, J.A., Banks, & McGee, C. A. (1989). Multicultural education. Needham Heights, MA: Allyn & Bacon. "Most social scientists today view culture as consisting primarily of the symbolic, ideational, and intangible aspects of human societies. The essence of a culture is not its artifacts, tools, or other tangible cultural elements but how the members of the group interpret, use, and perceive them. It is the values, symbols, interpretations, and perspectives that distinguish one people from another in modernized societies; it is not material objects and other tangible aspects of human societies. People within a culture usually interpret the meaning of symbols, artifacts, and behaviors in the same or in similar ways." Damen, L. (1987). Culture Learning: The Fifth Dimension on the Language Classroom. Reading, MA: Addison-Wesley. "Culture: learned and shared human patterns or models for living; day- to-day living patterns. these patterns and models pervade all aspects of human social interaction. Culture is mankind's primary adaptive mechanism" (p. 367). Hofstede, G. (1984). National cultures and corporate cultures. In L.A. Samovar & R.E. Porter (Eds.), Communication Between Cultures. Belmont...
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...was reinvented? How did people’s perspective of the Irish national past differ through the years? What was remembered selectively and what was easily forgotten to suit a certain set of beliefs at that time? What rules, regulations, rituals, practises were used to ensure continuity of the national past? Conclusion – What have we learned from sources regarding Irish Nationalism and the continuity? Compare evidence, and conclude. I am going to discuss how selective Irish nationalists had to be to establish continuity. Firstly the Irish Nationalists are a broad group who assert the view that the rule of the London government was the damage of Irish tradition. One very important factor is the invention of tradition, throughout this essay I will be discussing ways in which Irish nationalists used this to ensure certain parts of past history were remembered by inaccurate telling’s and how these traditions were passed down throughout generations, I will be looking at several sources and analysing ways in which Irish Nationalists were selective in order to get a bias representation on how they wanted the Irish public to view Ireland as a nation, Irish nationalists believed that the only way forward was a completely independent Ireland. From Hobsbawms inventing traditions we can see throughout this text how Irish Nationalists were...
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...not see it as a problem because there is no way to treat the Englishes equally when you use them in a different form. 4. Amy believes that her mother’s limited English is a problem in department stores, banks, and restaurants. 5. Her mother’s English has an effect on her life because of how broken it is she needs to pretend to be her at points, watch her mother be treated poorly, and go through several bad situations. 6. She says that math is precise and had a specific answer, as for in English was assigned several questions where she had to fill in the blank and get “bland combinations” as answers. No, I do not think her problems come from her family’s language skills. I believe that it’s pretty much an excuse that she is using, being an Asian American, and it all depends on the person to limit themselves to the English language or not. 7. She offers the explanations that Asian Americans might come from a “broken” English language family and they have teachers steering them into math and not English. A reason I believe most Asian American’s don’t go into the fields of language is because they stereotype themselves and do what most people stereotype them to do. Purpose and Audience 1. She begins by explaining her qualifications because she is starting a strong essay on English. She wants to let the audience...
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...ßCultural-Competence Assignment Introduction The purpose of this essay is to firstly understand the arguments between McSweeney and Hofstede about national cultures. The argument starts on the Hoftstede’s published book Culture’s Consequences. Hoftstede’s cultural dimensions theory has got popular and in the same time criticised by other scholars, while McSweeney is one of the scholars who have been critising the cultural dimensions on people from different nations. This essay will firstly summarise the ideas and arguments of both of McSweeney and Hofstede in order to develop the understanding about the reasons why they are conflicting with each other on the cultural dimension theories. Following the summary of the two scholars ideas and argument, this essay will discuss the agreement and disagreement of both scholars. Reflection on this course on national culture will be specified as well in order to show whether my personal understanding about culture has been changed or improved. Summary of the ideas and argument of both McSweeney and Hofstede * McSweeney’s argument McSweeney expresses his doubts about Hoftstede’s model of national cultural differences and their consequences. The criticism that McSweeney has on the theory of Hoftstede’s cultural dimensions based on the description of national cultural differences in the Culture’s Consequences published in 1980 (McSweeney, 2002). First of all, the methodology applied in the research of Hoftstede’s model is critised...
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...Critical Essay This film takes place in the south in 1937 during The Great Depression. The Great Depression was a time period during the 1930s in which there was a severe worldwide economic depression (history.com). This happened after the stock market crash of 1929. They encounter many historical markers of the culture of the time. Some examples are the radio, bank robbers, and a KKK meeting. This film is loosely based on Homer’s Odyssey (imdb.com). Some parts of the film are historically accurate. Characters that actually existed were George “Baby Face” Nelson, Pappy O’Daniel and Tommy Johnson (google.com). In the film George Nelson is a bank robber that sometimes called “Baby Face”. There were actually a lot of bank robbers during this...
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...liberal market and; secondly, how reliant is it on its financial sector? This will be the focus of the first part of this essay and it concludes that with increasingly liberal policies becoming conventional wisdom in British politics, the continuing expansion of the financial sector is inevitable. The second part will analyse the consequences of the Financial Crisis and how the UK’s dependence on the financial sector is, within this context, a momentous drawback. However, the third part of this essay will explore the idea that although better regulation and governance is necessary, the UK should maintain its dominance in the financial sector as it has become inherent to British economic culture and offers comparative advantage over other economies. ________________ Political ideology and resulting policies are very influential in promoting or reducing the magnitude of certain economic sectors such as manufacturing, agriculture, mining or financial industries. The remarkable expansion of the British financial sector is therefore a direct result of policies that facilitated and enhanced its growth. ‘[A]ll markets are socially and politically constructed (…) The appearance of markets, their scope, operation and regulation – and even their all too frequent failure and need of rescue – have inevitably social and political dimensions, influenced by national culture, politics,...
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