Health Care Systems For Every Country - 1042 Words

Health care systems are institutions and resources whose main purpose is to improve health. There are different health care systems for every country. The United Kingdom (U.K) has a universal health care that is called the National Health Service (NHS). In the U.K everyone that is a resident has access to the same health care. It is free for people who are not residents (visitors) only if in an emergency or if the person has some infectious disease. One pro of the U.K health care system is that all the records are digital and can be shared between medical systems. This makes it easier for doctors to access records. Although the health care system is great the citizens have to pay extra taxes in order to maintain having a good quality†¦show more content†¦This health care system may sound ideal but the conditions in Cuba compared to other countries are not well off. They have very limited resources, poor equipment and old facilities. But there health care helps its citizens. Unlike the universal health provided by the other 3 nations, the United States (U.S) has a private health care system. This system is not funded by taxes and a citizen would need health insurance to access it. It is not guaranteed for all citizens; in fact the system does not guarantee coverage for the entire population. Some low income people are provided with insurance but not always. More than 50 million Americans do not have health insurance and are really suffering without it. We as Canadians are very blessed when it comes to have our health care system when compared with the U.S. Canada has a single-pay mostly funded system while the U.S has a multi-payer, private system. Canadian health care is universal and is guaranteed for all citizens, but in America there about 50 million people that are uninsured. In 2013 Canada’s life expectancy was 81 years and the infant mortality rate was 5 deaths/1000 live births, while the U.S was at the bottom in infant mortality and life expectancy. In 2012 the gross domestic product (GDP) for Canada was 10.4 % and the GDP in the U.S was 16%, meaning the U.S spent more on health care than Canada. One pro of the U.S health care system is that there are not long waits, in Canada non-emergency surgery

Labour Economics - 5713 Words

LABOUR ECONOMICS Q2.Define â€Å"Labour Economics†. Explain the nature and scopeof Labour Economics. Explain the characteristics of Labour? Ans: -Labour Economics:- â€Å"Labour Economics may be defined as a study of theorganization, institutions and behavior of the labour market in anindustrising or industrial economy†. According to Dole Yoder:- â€Å"Labour economics or manpower economics is primarilyconcerned with efficient utilization and conservation of manpower and resources. It studies and seeks to understand theprocesses by which manpower is applied and utilized in modernsociety. It is concerned of natural resources in the land†. Scope of Labour Economics:- Labour economics has to deal with may be stated as manpowerplanning, labour†¦show more content†¦How would youdistinguish between ‘Nominal Wages’ and ‘Real Wages’?Explain the factors influencing real wages. Ans: -Wages:- The price paid for the services of labours in production is calledwages. The labourer is generally paid a certain sum of moneyper day or week or month. Beham defined a wage asâ€Å"A sum of money paid under contract by an employer to aworker for services rendered†.However, in economics, payment made for all kinds of services,whether by way of salaries or in any other way is included inwages. Differences between Nominal wages and Real wages:- Nominal Wages:- The amount of money that a labourer gets in exchange of hisservices is called money wages or nominal wages. If a labourergets Rs.200, a day for his work, his money or nominal wages willbe Rs. 200. However, mere money payment does not reflect thereal earnings of the labourer. They do not reveal the standard of living or the goods and services which labourer can buy andconsume. Real Wages:- The amount of goods and services that labourer can get with hisnominal wages is called real wages. Real wages refer to thegoods and services, which the money wages can buy, andadvantages and disadvantages associated with the jobs.Labourer is not so much interested in money wage as they are inreal wages because their standard of living depends on realwages. According to Wicksell, real wages means real income.Real Income= Money income/Price Level Following are the factors or items that areShow MoreRelatedLabour Economics6478 Words   |  26 PagesLABOUR ECONOMICS Q2. Define â€Å"Labour Economics†. Explain the nature and scope of Labour Economics. Explain the characteristics of Labour? Labour Economics:- Ans: - â€Å"Labour Economics may be defined as a study of the organization, institutions and behavior of the labour market in an industrising or industrial economy†. According to Dole Yoder:â€Å"Labour economics or manpower economics is primarily concerned with efficient utilization and conservation of manpower and resources. It studies and seeks toRead MoreLabour Market Dynamics, Unemployment And Economic Growth Essay1454 Words   |  6 PagesLABOUR MARKET DYNAMICS, UNEMPLOYMENT AND ECONOMIC GROWTH IN GHANA INTRODUCTION Owing to a GDP rebasing in 2011, Ghana became the fastest growing economy in the world with a GDP growth pinned at 20%, the largest per capita income in West Africa and the 21st in the continent. Ghana joined the league of oil producing countries in December 2010 with 85,000 barrels of crude oil in a day . Fiscal deficit fell from 5.9% of GDP in 2010 to an estimated 4.3% in 2011 due to strong revenue performance . DespiteRead MoreSocio-Economic Inequality in South Africa is Due to the Institutionalised Ideological Mismatch Regarding Labour and Economic Policy1665 Words   |  7 PagesSocio-economic inequality in South Africa is due to the institutionalised ideological mismatch regarding labour and economic policy Economic growth is shaped by policy context and promoted most effectively when it is consistent with either liberal market or co-ordinated market ideal type varieties of Capitalism. Policy inconsistency dampers economic growth post-apartheid South Africa attempted to adopt a social-democratic and co-ordinated variety of Capitalism. This failed due to the adoptionRead MoreWhat Is Economics? What Role Does the Division of Labour Play in Defining This Subject Matter?880 Words   |  4 Pagessubject matter of economics? What role does the â€Å"division of labour† play in defining this subject matter? Quoting Michael Yates, â€Å"The subject matter of economics is the production and distribution of output†¦Ã¢â‚¬  (Yates, 2003). So what does this say to me? Simplifying, this says to me that Economics is a way of explaining the world. With studies dating as far back as Aristotle’s interest in the various forms of state, how can one ever fully understand the complexities of economic thought and howRead MoreSweatshops : Positive Deviancy And Global Labour Practices And The Ethical And Economic Case Against Sweatshop Labor1675 Words   |  7 PagesDeviancy and Global Labour Practices and The Ethical and Economic Case Against Sweatshop Labor: A Critical Assessment. The former was authored in July 2005 by Denis Arnold and Laura Hartman. The latter was written in September 2011 by Benjamin Powell and Matt Zwolinski. The authors of both works are undeniably qualified and are experts in their respective fields. The credibility of both Beyond Sweatshops: Positive Deviancy and Global Labour Practices and The Ethical and Economic Case Against SweatshopRead MoreChild Labour Is A Socio Economic Problem2333 Words   |  10 Pages CONTENTS PAGE NO CHAPTER-I INTRODUCTION TO CHILD LABOUR†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 3-5 CHAPTER-II OBJECTIVES AND SCOPE OF THE STUDY †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦7 RESEARCH DESIGN †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.8 CHAPTER-III DATA INTERPRETATIONS †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.10-19 CHAPTER-IV FINDINGS †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Read MoreWith the recent economic the labour market is in labour shortage status, every industry is600 Words   |  3 Pages With the recent economic the labour market is in labour shortage status, every industry is searching for people to work for their company. A company without employees, the operation is unable to run, as the general said employees are the biggest asset in every company. An employer with a respectable reputation or brand may not be the smartest choice to hire an ex convict, but from a business point of view the finance and workplace benefits are worth the risk to employ the single. InRead MoreAssess the Likely Impact of Uk Government Labour Market Policies on Any Three Macro-Economic Objectives. Refer to the Information and to Your Own Knowledge703 Words   |  3 PagesGovernment labour market policies on any three macro-economic objectives. Refer to the information and to your own knowledge (30) Labour market policies are government programmes that intervene in the labour market to help the unemployed find work. The three macro-economic policies I am going to look at are: full employment, steady sustainable economic growth and low inflation. Full employment is the point in an economy, where everyone who is willing and able to work is in a job. A labour market policyRead MoreLabour Market Need 1234 Words   |  5 Pagesfor these outcomes is a labour market need for migrant workers to fill jobs that indigenous workers reject (Fellini et al., 2007; Massey et al., 1998; Piore, 1979). However, this is not a spontaneous process and it is important to recognize the role played by labour market actors, particularly employers (or their agents) and the state (Bach, 2007; Rodriguez, 2004). Employers engage in active recruitment strategies to attract immigrant workers already in national labour markets or to recruit directlyRead MoreHuman Resource Planning1429 Words   |  6 Pagesexternal to an organization that affect the organization’ performance but are beyond the immediate control of an organization. An external force that influences the management especially HR planning because each organization must draw from the same labour market that supplies all other employers. The impacts of environmental changes on business consider the following: a. Decentralization – transferring responsibilities and decision making authority from a central office to people and locations

Human Resource Management Recruitment And Selection

The focus of recruitment and selection has been how to match the capabilities and inclinations of potential applicants with the requirements and rewards of a given job. It can be said that recruitment and selection represent one of the most important human resource management functions which can serve as the basis for a sustainable competitive advantage over contenders. This implies that the success and even the survival of a company generally depend on the caliber of the workforce. The best prospective employees are normally identified through effective recruitment and selection processes, such as interviewing, testing, and reference checking so that the right candidates are appointed to the right roles by using fair and equitable evaluation activities. The cost of rehiring and retaining employees should signal the importance of hiring the right candidate for the right position in the first attempt (Ullah, 2010). However, it is crucial for organizations to solidify their choices by conducting reference checks since past behavior or performance can be the best indicator of future performance. Conducting reference checks may ensure that an organization finds the most qualified potential employee to match the position and to avoid costs linked with failed probation periods and poor performance. Reference checks or reports can also help an organization to gain greater insights into the potential employee s knowledge, skills, and abilities from someone who has truly watched theShow MoreRelatedRecruitment Selection - Human Resource Management4001 Words   |  17 Pages1.2 Why recruitment amp; selection is an important part of HRM 4 1.3 Consequence of poor selection 6 2.0 Critical nature of Recruitment amp; Selection 6 2.1 Recruitment 6 2.1.1 Recruitment process (Fisher et al., 2006) 6 2.1.2 Recruitment objectives 7 2.1.3 Recruitment methods 7 2.1.3.1 Internal Recruitment method 7 2.1.3.2 External Recruitment method 7 2.2. Selection 8 2.2.1 Selection policy 8 2.2.2 Selection process 8 2.2.3 Selection methods 9 2.4 Steps used in selection processRead MoreRecruitment Selection - Human Resource Management3985 Words   |  16 Pagesfunctions 4 1.2 Why recruitment amp; selection is an important part of HRM 4 1.3 Consequence of poor selection 6 2.0 Critical nature of Recruitment amp; Selection 6 2.1 Recruitment 6 2.1.1 Recruitment process (Fisher et al., 2006) 6 2.1.2 Recruitment objectives 7 2.1.3 Recruitment methods 7 2.1.3.1 Internal Recruitment method 7 2.1.3.2 External Recruitment method 7 2.2. Selection 8 2.2.1 Selection policy 8 2.2.2 Selection process 8 2.2.3 Selection methods 9 2.4 StepsRead MoreRecruitment And Selection Is Important For Human Resource Management869 Words   |  4 PagesLiterature review As mentioned above, recruitment and selection is a very important part of human resource management. The future employees have to match with the organization its strategy and culture. Moreover, a proper way of recruitment and selection can provide an organization with a competitive advantage. Recruitment and selection is an important process when starting a company, because if you start off with ineffective human resources it will make it a lot harder for the organization to performRead MoreHuman Resource Management - Recruitment and Selection Process7389 Words   |  30 Pages HUMAN RESOURCE MANAGEMENT: RECRUITMENT AND SELECTION PROCESSES BADLI SHAH MUHAMAD SALLEH 6091010491 AZWAN ISMAIL 6101025931 JUDE E. EDEIGBU 6093015151 MOHSEN ALI SALEH 6101025881 UNISEL GRADUATE SCHOOL OF MANAGEMENT (UGSM) SEKOLAH SISWAZAH PENGURUSAN UNISEL Table of Contents 1 PART 1: INTRODUCTION OF THE ORGANIZATION 4 2 PART 2 (a): ORGANIZATIONAL STRUCTURE 5 2.1 INITIAL ORGANIZATIONAL STRUCTURE 5 2.2 CURRENT ORGANIZATIONAL STRUCTURE 6 3 PART 2 (b): HUMAN RESOURCE MANAGEMENTRead MoreHuman resource management. Topic on recruitment and selection.4325 Words   |  18 Pagesyour eyes. Every now and then people in life can do the same thing.Executive Proverb. IntroductionRecruitment and selection is an integral part of human resource management and more specifically as part of the human resource planning process. As future graduates we wanted to get a better understanding of what awaits us in terms of securing future employment. Recruitment and selection is widely researched and discussed by HRM academics, therefore there was a great wealth of materials available. TheRead MoreLiterature Review of Recruitment and Selection in International Human Resource Management1779 Words   |  8 PagesLiterature review of Recruitment and Selection in International Human Resource Management Introduction Staffing is one of the main functions on Human Resource Management, refer to International Human Resource Management perspective, staffing will be more important on the managing by the headquartered company to their subsidiaries in order to gain more competitive advantage for them. As a company want to achieve the mind of globalization, they must choose a suitable staffing approach in orderRead More: the basic functions of Human Resource Management: planning and forecasting human resource requirements, recruitment and selection, appraisal, evaluation and employee motivation. UOP: MGT 4311823 Words   |  8 Pagesof the Human Resource Management (HRM) function. Included in this paper are key topics discussed in this module: the basic functions of Human Resource Management: planning and forecasting human resource requirements, recruitment and selection, appraisal, evaluation and employee motivation. Additionally, this paper addresses employee quality of life and productivity programs and improving the physical work environment. The relationships between successful business and Human Resource Management are examinedRead MoreCase Study : My Assigned Parts 1383 Words   |  6 Pagesmaintenance, improved after sale services and most importantly the accessibility to the technical staff to attain customer satisfaction and become prestigious company in the business market. 1. Human Resource Management (HRM) 1.1 Introduction Human resource management (HRM) is a subdivision of management that focuses on how to attract, employ, train, motivate, and retain employees. The energetic and enthusiastic employees become a source of competitive advantage in a global environment facing changeRead MoreHrm. Recruitment and Selection Report1715 Words   |  7 PagesHuman Resource Management. Recruitment and selection report. February 2008 1770 Words Human Resources Management. Human Resources Management (HRM) is described by Michael Armstrong in A Handbook of Human Resource Management Practice as â€Å"strategic and coherent approach to the management of an organizations most valued assets - the people working there who individually and collectively contribute to the achievement of the objectives of the business† . One of the main parts of HRM is theRead MoreThe Human Resource Management System1234 Words   |  5 PagesRecruitment and Selection constitute the main functions of the human resource management system Recruitment and selection are two critical functions of human resource management. Taking into consideration both the capacities the recruitment process goes before the selection capacity. These functions form is basically the core fundamental that engulf the human resource management and includes that of talent acquisition and training and development and even rewards for the employees. For a

Starbucks company profile study - 2583 Words

STARBUCKS MALAYSIA Berjaya Starbucks Coffee Company Sdn Bhd is an authorized licensee of Starbucks Coffee International, Inc. It is wholly owned subsidiary of Berjaya Group Berhad which holds 51% share and Starbuck Coffee International, Inc has 49% share capital of the company. As a Starbucks franchisee in Malaysia, currently it is holding more that 45% share of the local gourmet coffee market. It operates Starbucks retail outlets throughout Malaysia and committed to offer the world’s best and finest coffee to Malaysians. The first Starbucks retail outlet was opened in KL Plaza on the 17th of December 1998 and the 100th outlet was opened in Jaya One, Petaling Jaya on the 20th February 2008 to hit a successful milestone. Recalling†¦show more content†¦They also value ethics and good business practices and is a leader being voted one of 2010’s most ethical businesses by â€Å"Ethisphere† magazine for the 4th year running. But is ethics enough to sustain the popularity of the coffee among the people. Starbucks have created a whole new segment in the market. It has brought the coffee lovers and the chocolate lovers under one roof, enjoying them by their own or the perfect mixture of them both. Starbucks have reached their peak in the business and have created good competition around them. Though they do have a strong branding, competitors are earning their branding as well. There are four phases of any business. When Starbucks was first introduces in Malaysia, they barely had any competition at all. Starbucks introductory phase was a baby boomer in this country. The local coffee brewers were beginning to fall apart as Starbucks rise into the growth and maturity phase. Starbucks ev entually reached its peak and gained interest from a huge part of the world. Therefore, Starbucks is currently in the mature phase since year 2008 where the only thing that Starbucks Corporation can do is to try to sustain its sales to remain in the market. Starbucks is in a mature stage of its lifecycle. ItShow MoreRelatedMarketing Analysis : U.s. Capita Coffee Essay782 Words   |  4 PagesUnit III Research Project (Starbucks) Angelo R. Jones BBA 3201-Priciples of Marketing Columbia Southern University Industry Analysis. Study shows that U.S. per capita coffee consumption has not really varied in over 15 years. Although the consumer has since evolved from regular brewed coffee to a more sophisticated gourmet brew, the overall intake for coffee has relatively remained the same based on the Gallup polls. (Brown, 2015) The Starbucks Company has managed to change the palletRead MoreStarbucks Case Study Essay1591 Words   |  7 Pagescoffee, intimate service, and ambient atmosphere. Starbucks worked closely with growers in Africa, South and Central America, and Asia-Pacific regions to insure the quality of its product. Starbucks called all employees partners and worked hard to train them with the skills necessary to best serve the customer. The atmosphere at Starbucks was crafted after the European-style espresso bar. The company goal was to create ambience through the Starbucks experience and by making the area comfortableRead MoreStarbucks Corporation ( Loxcel Starbucks Map, 2016 Essay1207 Words    |  5 Pages STARBUCKS SATISH SARAVANAN VEERAVELU Northwest University: International Business BUSM 6123 11/1/2016 Professor Larry Walker â€Æ' Starbucks Corporation (Loxcel Starbucks Map, 2016) is an American coffee company and coffeehouse chain founded in Seattle, Washington in 1971. It operates 23,768 locations worldwide, including 13,107 in the United States, 2,204 in China, 1,418 in Canada, 1,160 in Japan and 872 in South Korea (as of Jan 8, 2016). Starbucks (Peet s rides coffee s third wave Read MoreStarbucks Case Study1452 Words   |  6 PagesStarbucks Case Study 1 MKTG 220 September 18th, 2012 Table of Contents Case Review3 Determining the Root Problem4 Identifying the Problem Components4-5 Generating Alternatives5 Evaluating Alternatives6 Choose an Alternative7 Implementation Plan7 Alternative Choice8 Work Cited9 Case Review Starbucks is one of the leading coffee retailers in the world; according to their company profile they are operating nearly 18,000 retail stores in 60 countries. They serve millions of customersRead MoreMarketing Strategy Of Starbucks : Starbucks1231 Words   |  5 Pagesexplore and analyze a remarkable American company, Starbucks, and particularly how they produce and market their own brand of coffee worldwide. I have discovered and wish to convey to you some remarkable ways that Starbucks uses specific marketing strategies based upon the countries where Starbucks are located. Specifically, in this critique I want to explore how Starbucks changes their coffee product in terms of level of sweetness in various countries, how Starbucks packages the coffee product to maximizesRead MoreStarbucks : Marketing And Retailing1001 Words   |  5 PagesStarbucks is a corporation well known for roasting, marketing and retailing of crafted quality beverage that is based on coffee. Starbucks st arted its operations in Seattle’s Pike place market with Howard Schultz helping in its marketing and retailing efforts. The company is extremely successful and focused on the development of positive company-customer relationships. Starbucks uses company-customer relationships and a customer-centered approach as its key business strategy. The customer-centeredRead MoreEssay on Starbucks Marketing Plan1006 Words   |  5 PagesMarketing Plan Project Starbucks MKTG 3175 Gay Fortson Sharita Garmon Robin Hardy- Green Table of Contents Executive Summary†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..3 History and Background†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Read MoreHow Globalization And Technology Changes Have Impacted The Corporation You Researched1101 Words   |  5 PagesHow does it affect a company? Who are the recipients of these benefits, if there are any? What are some major benefits of going global? â€Å"Globalization is the increasing economic interdependence among countries and their organizations as reflected in the flow of goods and services, financial capital, and knowledge across country borders† (Hitt, Ireland, Hoskisson, pg. 9). Starbucks, an American company headquartered in Seattle, Washington is one of the most global companies I can think of, withRead MoreA Company s Social Media Strategy863 Words   |  4 PagesIn today s society a company s social media strategy is as important as ever. You can look at a company s social media profiles and measure a customers engagement with that company and how the customer responds and interacts with the company s content. These metrics can be useful when evaluating a company whose stock you want to buy. Every company tackles social media in their own way, some focus their efforts on one social network, while others may go wide on multiple social networks. When comparingRead MoreA Company s Social Media Strategy844 Words   |  4 PagesIn todays society a company s social media strategy is as important as ever. You can look at a company s social media profiles and see what customers are saying, what they like and share the most, as well as how fast their base of followers is growing. All of these metrics can be used when evaluating a company that you want to invest in. Every company tackles social media differently - some focus their efforts on one social network, while others may go wide on multiple social networks. When it

Human Resource Management And Leadership Seamless Experiences

Question: What do you think is the future of HRM? Does it have a future? Why or why not? Answer: Human Resource Management is one of the most important parts of an organization. As mentioned by Cohen (2015), it is important to reshape HRM for a brighter future of the organization and its operations. The future of HRM will be expanding enormously for reaching out its customers for providing them seamless experiences. It will be collaborating with IT and marketing departments for providing all-rounder HR services as well as talent management processes across the world. It will also make sure of selecting and recruiting employees that suit best with the organization's requirement based on their talents and expertise (Kirk, 2016). Yes, HRM has a future. It is because, with technological advancement, HRM policies and operating ways will be modified (Sanders et al. 2014). The organizations will be adopting global HRM policies that will offer cross-cultural facilities to the workplace. Grievances will be handled in an effective way, and HRM will make sure of employee retention and satisfaction extensively. It, therefore, will adopt efficient measures in motivating employees along with excellent performance appraisal system. As a result, employees will be satisfied and content with modern HRM policies as it will also focus towards more privacy and support towards multi-ethnicity (Cohen, 2015). References Cohen, D.J., 2015. HR past, present and future: A call for consistent practices and a focus on competencies.Human Resource Management Review,25(2), pp.205-215. Kirk, S., 2016. Career capital in global Kaleidoscope Careers: the role of HRM.The International Journal of Human Resource Management,27(6), pp.681-697. Sanders, K., Shipton, H. and Gomes, J.F., 2014. Guest editors introduction: Is the HRM process important? Past, current, and future challenges.Human Resource Management,53(4), pp.489-503.

Project Methodology Innovations and Visions for SME

Question: Discuss about the Report for Project Methodology of Innovations and Visions for SME. Answer: Methodology - definition Methodology is a set of processes and methods which are used for a particular task or activity. The role of methodology in case of project management is extremely significant in nature. Project management methodologies clearly define the phases that must be followed during the project timeline which aid in streamlining and organizing the project activities in a better way. These methodologies also make sure that the issues and conflicts are resolved in a timely manner and the project quality is never compromised. Project Methodologies There are a number of project management methodologies such as PMBOK, PRINCE2, Waterfall model, agile methodology and Software Development Life Cycle (SDLC). Project Management Body of Knowledge (PMBOK) and Projects in Controlled Environments (PRINCE2) are two very popular methodologies for Project Management. Both of these methodologies define the steps for successful management of the project and proceed in a step-by-step approach (Wideman, 2002). However, there are a number of differences between the two methodologies. PRINCE2 is a process based methodology and defines the role of every resource that is involved with the project whereas PMBOK is knowledge based methodology and mainly focuses upon the role of the Project Manager (PRINCE2 PROJECT MANAGEMENT PROFESSIONAL (PMBOK) COMPARISON, 2016). In PMBOK, Project Manager is held responsible for anything that goes wrong in the project such as budget overrun, schedule overrun, scope creep or any other deviation from the regular path. On the other hand, in PRINCE2, the Project Manager acts as a mediator between the project and the senior officials. All the concerns are reported by the Pro ject Manager to the control board who take a decision on the same and revert to the PM for executing the decision in the project ("PRINCE2 PMP (PMBOK) COMPARISON", 2013). Feasibility study or assessment is laid special focus in case of PMBOK which goes missing in PRINCE2 stages and is handled separately. There are also differences in the documentation volume and terminology between the two methodologies. For instance, Project Charter Document in PMBOK is referred to as Project Brief in case of PRINCE2. There are a different set of advantages and disadvantages that are associated with both PMBOK and PRINCE2. The choice of methodology depends upon the needs of the organization and a number of different factors such as project type, project client, project duration and likewise. Project life cycle and project methodology Project Life Cycle (PLC) includes a number steps such as starting of the project, initiating the project, controlling stage, managing the project delivery, managing stage boundaries and closing of the project. Planning and directing activities run in parallel with all of these six steps. PRINCE2 is closer to the stages that are defined in the PLC. PRINCE2 is a process based approach that makes use of eight different stages that are broadly defined with the first one being starting of the project. Stage one involves preparation of project brief and selection and appointment of the project management team. Initiation stage includes refining the business cases and risks and setting up of project controls along with planning the project quality. Planning phase involves creation of the project plan, scheduling and estimating along with analyzing the risks. Directing and controlling stages revolve around the tasks of authorizing the sub-activities and assessing the progress. Acceptance, ex ecution and delivery of the work packages are done in the stage of managing product delivery. The next phase includes management of the stage boundaries. The last stage that is closing of the project includes identification of the follow up activities and evaluation tasks (Relationship between the Project Management Body of Knowledge (PMBOK) and PRINCE2, 2016). PMBOK, on the other hand does follow the steps or stages that are defined in PLC but deviate a little from the standard pattern of the same. The projects that are managed as per the phases of PMBOK begin with initiation phase that includes execution of the feasibility study or the assessment on the project. Planning phase defines the scope of the project along with cost estimation and schedule estimation for the project. Activity definition, activity planning and resource planning is also done in the planning phase. Facilitation processes involve quality planning, staff acquisition, communications planning, risk assessment and procurement planning. The next is the execution phase which involves team development, scope verification, quality assurance and contract administration. The controlling phase that comes next in the list involves performance reporting and overall change control associated with the project. The change control will include the changes that are done in the project cost, project schedule, project scope and risk responses. The last phase is the closure phase which includes contract close out and administrative closure. References PRINCE2 PMP (PMBOK) COMPARISON. (2013).RobyScar - innovations and visions for SME. Retrieved 9 August 2016, from https://robyscar.com/2013/03/12/prince2-pmp-pmbok-comparison/ PRINCE2 PROJECT MANAGEMENT PROFESSIONAL (PMBOK) COMPARISON. (2016).https://www.hilogic.com.my/. Retrieved 9 August 2016, from https://www.hilogic.com.my/prince2-pmp-pmbok-comparison/ Relationship between the Project Management Body of Knowledge (PMBOK) and PRINCE2. (2016).https://www.ppi-int.com/. Retrieved 9 August 2016, from https://www.ppi-int.com/prince2/prince2-pmbok-relationship.php Wideman, R. (2002).Comparing PRINCE2 with PMBoK(1st ed., pp. 2-4). Canada. Retrieved from https://www.maxwideman.com/papers/comparing/comparing.pdf [