Globalisation In The Banking Industry Finance Essay

Globalisation In The Banking Industry Finance Essay Banking industry is one of the crucial industries that influences the global economy. It is the industry that encourages the growth in investments by its funding. They are so many factors that drive change in the industry. Drivers of globalisation in banking industry are discussed below. Drivers of globalisation The drivers of globalisation are explained according to the yips model. Source: Based on G. Yip, Total Global Strategy II, FT/Prentice Hall, 2003, chapter 2. Applying this to the banking industry. Most particularly retail banking. The important factors that drive globalisation in the industry are issues regarding legal, customer relations and wishes, technological advancement and the crucial thing is profit. Legal regulations as a driver Operating globally may bring in a number of issues regarding legal that is with the laws of the particular country in which a bank is operating. There may be organisational problems within the bank or legal concerns. Global operations need good leadership with which they are able to respond to the government policies. The bank organising globally has to respond individually to the local governments regarding regulations or deregulations. This is essential component in the business because they have to change the interest rates and taxes on the services they provide to the customers. This effects their business with the customers. It doesnt mean only the taxes and interest rates counts when dealing with regulations and deregulations. Payments directive and financial services action plan in UK is one among them. Source: FUTURE OF BANKING IN A GLOBALISED WORLD, Chris Skinner, 2007. Mergers and acquisitions are highly effected by the regulations. Mergers may happen between two national banks or between two international banks. The terms and conditions followed at the time of merging depend on the regulations that are applied in a particular country. For instance consider the case of laws that guide mergers and acquisitions in European Union are related to the economical conditions of the joining partners. They state that the turnover of the individual participant should be more than 250 million Euros and their turnover together should be more than 5 billion Euros. The individual turnover of the bank operating abroad should be more than one third of the turnover of the bank. These regulations are concerned about the financial stability of the banks after the merger. If the banks are willing to merge, their strong financial conditions resist any adverse effects that come under their way. But in the case of small banks, those do not satisfy the conditions of merger , these regulations suffer them a lot. There were cases where small banks merged to form a big bank. But these regulations resist them from doing so. This is the case where legal activities control the banking industry. Source: www.nbs.sk Customer requirements as a driver Planning according to the customers preferences and delivering services up to the customers satisfaction has become the main formula for the success of the banks. It is important in every business to find out an influential customer, that is a customer who brings in more profits to the bank and also who inspires others to join the business with the bank. If that customer is met with all his requirements in banking, he will become the true ambassador for the bank. Of course the needs of the customers in dealing with the bank all over the world are same. They need quality of service and security for their savings. However the requirements of an influential customer vary according to his willingness and trust to invest in a bank. There may be social and cultural factors that influence the customers interests and requirements. Source: Exploring corporate strategy 7th edition, Gerry Johnson, kevan Scholes, Richard Whittington, 2004 Technology as a driver Internet has become a great boom to the banking industry. It gave the industry the opportunity to serve better to the customers and to develop cross-border communication with the employees and customers as well. It helps in providing privilege customers the advanced banking services, promoting services for new customers, making customer retention by continuously maintaining customer relations etc. Source: Internet marketing, David Chaffey, 2006 On the other hand, internet banking has raised security concerns about transfer of money online and third-party deposit services. To the customers using internet fraudsters send mails asking for account details and passwords pretending to be like bankers. The customers those respond to the mails will be targeted to get money. These types of actions alerted the banks to develop technology to counter the actions. Source: http://news.bbc.co.uk/1/hi/technology/7091206.stm Profitability as a driver Obviously the ultimate aim of any bank is to make as much profit as they can. Generally to gain profits they concentrate on savings of the customers. They plan converting the short term savings of the customers into profits that yield more profits. In retail banking the long term profit yielding products for the banks are fixed deposits, house loans etc. Source: The business environment 5th ed, Ian Worthington and Chris Britton, 2006 In this present economic downturn of the world, the banks are facing the worst situation in the decade. To face these adverse effects the central banks of almost all the countries started repair work to fuel the economy by decreasing the interest rates there by encouraging the investors to do business with the banks. Source:http://www.guardian.co.uk/business/interactive/2008/oct/21/creditcrunch Localisation Localisation in case of banking industry means designing itself according to the rules and regulations of a particular country. Generally countries demand for localisation irrespective of the foreign bank, as they do not want to be dominated. Retail banking is one of the industries that undergo localisation primarily. However localisation is benefiting the banks in having a wide range of products globally there by analysing the customers tastes and concerns. It helps them to gain information regarding customers needs to be met locally. In recent days local governments are deregulating the rules to boost globalisation. Source: Global strategic management, Philippe Lasserre, 2002 ENVIRONMENTAL INFLUENCES Any industry operating globally has so many factors that influence it in the external environment. Political Governments decision has an influential change in the prospects of the banking industry in a country. Governmental decisions have been a more important factor for the globalisation of the banking industry. Political stand over allowing the foreign countries to do business in their countries decides the extent of entry barriers into the country. Source: Corporate Strategy 4th ed, Richard Lynch, 2005 Economical Downing of the inflation is the main factor that reflects the fall in the economical condition . The one of the factors for decline in the economy are lower inflation occurring gradually. The one of the reasons for the decline in the retail price index excluding mortgage interest rates from 5.5 % in September to 4.7 % in October clearly states that the drastic situation faced by the banks. Inflation CPI down to 4.5%, RPI down to 4.2% Annual inflation rates 12 month % change Source: http://www.statistics.gov.uk/cci/nugget.asp?ID=19 The central bank decreases interest rates which in turn reduces the interest rates of all the banks funding mortgages. Bank of England is planning to cut its interest rates drastically to 2 % as when it was in the initial days. Source: http://www.ft.com/cms/s/0/4bd8c730-c16b-11dd-831e-000077b07658.html?nclick_check=1 Social Social trends in the banking, which means the sections of population those who utilise the banking products are essential in planning a strategy for the customers. For instance more than half of the people of Britain are aware of the banking products through dailies, televisions etc. Awareness and individual requirements of the customers are essential to plan a strategy for a bank. With the increased technology the banks are effectively communicating with customers, media and investors. In this way banks are always observed by the society in all means. Source: http://www.ginns.info/Retail%20banking.pdf Technology Technology is proven to be the best tool for the globalisation in banking industry. It plays a vital role in providing financial services to the customers. With use of sophisticated technology, the concerned bank can be able to find out the preferences of the customers. Basing on the preferences of the customer, the services are advertised for him through the mails etc. Also investing in ATM technology took the pain and pressure away from the banks. Now it is easy to access money from pay points etc. The customer is no need to go to bank stand there in queue for hours together to do transactions. Source: FUTURE OF BANKING IN A GLOBALISED WORLD, Chris Skinner, 2007 Legal Regulations of the banking system is mainly undertaken to control the financial conditions of the banks there by decreasing the domination of the foreign economy on the country. There are different ways in regulating the banks. UK and US banks follow risk based system to regulate the banks. Source: Banking regulations of UK and US financial markets, Dalvinder Singh, 2007 Opportunities and threats There are many opportunities of the banking industry. For instance the euro currency offers less cost borrowing or the chance to provide new debts to a large number of investors. According to the international monetary systems governments of different nations undertake rules that will influence firms. The financial position and the opportunities abroad attract the organisations to do business in their countries. The foreign exchange market that are used by many organisations provides the opportunity to gain profits. Source: International business 4th ed., Alan M.Ruman, Simon Collinson, Richard M.Hodgetts , 2005 Threats to banking industry are mainly related to technology. The technology used by the fraudsters by dominating the banking technology troubles the customers which in turn causes damages to the reputation of a bank. If a bank loses reputation in terms of security, its trustworthiness among the customers decreases. This damages the brand value which results in decrease in customer retention. Source: http://www.icc-ccs.org HSBC Hongkong and Shanghai Banking Corporation Limited founded in the year 1865 is one of the top banks in the world. It holds operations in nearly 85 countries all over the world. Its headquarters is located in the London. Strengths It has the shareholders number of nearly 2, 00,000 in 100 countries. They need different services and diversified requirements. Having dealt with all the diversified customers world wide, it is capable of estimating consumer tastes and concerns. Instead it confidently advertises itself as The Worlds Local bank, which reflects its adaptability to the local needs and cultures. It whole heartedly responds to the individual customer from which it gains required knowledge to serve the other customer with same needs. The awards and rewards it achieved are the measurements for its sincere contribution to the customers. HSBC won awards in all most all categories that are responsible for the banks success. The list of awards is given below HSBC generated revenue of 87,601 million dollars in the financial year that completed in December 2007. It was 25% high than previous year and the operating profit was 22,709 million dollars which was 6.9% high when compared to previous year. Net profit was 19,133 million dollars with an increase of 21.2% on 2006. The most of the profits it gained were from the developing economies. Source: http://www.marketresearch.com/product/display.asp?productid=1907489g=1 With the global experience it has, it can deliver a perfect solution for the complex supply chain network of the customer utilising HSBCs talented resources. Having well versed in utilising sophisticated technology, it follows online dealing with customers rather than going on papers. High level of information exchange can be done with speed and accuracy at the same time cost-effective measures are indulged in their business. Source: http://www.hsbc.co.nz/nz/corp/trade/eservices/supplychain.htm Weaknesses Even though it is a well established brand globally, it realised lately the advantages of performing under one brand name. The action was taken place in the year 1998. Until then it used to perform under various names in various countries. This might had created confusion among its customers who thought that their strong local brand was being taken over by some foreign bank. This misunderstanding caused some considerable loss to the bank. It suffered slight stagnation of revenue in 2006 when compared to the previous year due to increase in bad debts. Source: http://answers.google.com/answers/threadview/id/782667.html Financial analysis Here the financial analysis of HSBC is done by comparing three months and nine months profits with that of the previous year that ended in September 2006 respectively. Finance and other interest income lost by 727 million dollars and 1483 million dollars respectively. On as a whole it got 271 million dollars loss where it was 1,102 million dollars for the same period of three months that ended in September 2006. On the other hand it recorded 1,461 million dollars loss when compared to that of nine months that ended in Sep 2006. Source:http://www.hsbc.com/1/PA_1_1_S5/content/assets/investor_relations/hfc2008form10q_3q.pdf Competitors The main competitors of HSBC are Barclays Citigroup Royal bank of Scotland Barclays Barclay has 1,700 branches in UK alone and around 2,000 branches in Europe, Africa, Asia and the America. The bank also contributes financial products, corporate finance etc. It is one of the largest investing companies operating under the name Barclays Global Investors. In this year it owned North American investment banking and Lehman brothers for approx. one billion pounds. Citigroup It is one of the large financial companies in the world with 3,000 branches in America and Canada and more than 2,000 in several parts of the world. It is the first American bank to own 1 trillion dollars valued assets. Due to the financial downturn it faced in 2007 its CEO Chuck Prince left the job. Royal bank of Scotland It operates under the names of Royal bank of Scotland and NatWest. It has nearly 2,300 UK branches offering financial services. In the America it has Citizens Financial which is one of the USs largest foreign-managed bank. Following the shareholders demand UK government took 60 percent of stakes in the recent days of 2008. Source: http://www.hoovers.com/free/ Conclusion Here in this work the environmental influences on the banking industry are discussed. The main constituents in the banking industry are customer satisfaction, technological advancements, regulations and deregulations and most importantly profits. These four factors act as drivers of change in the banking industry. Out of all without losing the identity the banking industry should be able to adapt changes that occur locally. To discuss more extensively HSBC is considered as an example and the environmental changes on the bank are discussed. Out of all observations the bank is performing very well.

The Big Bang(personal Account) (tragedy) :: essays research papers

The Big Bang   Ã‚  Ã‚  Ã‚  Ã‚  My lesson about playing with fire was a hard one learned. That one summer day so long ago was one of the longest days in my life. The morning was a normal one. The afternoon was when things started to heat up. That night was one I thought would never end.That morning was one just like any other summer day. The sun was bright and warm. We also had family in from Colorado. My Aunt and Uncle were there with my two cousins. They were planning on staying with us the entire summer. My parents had just installed a 4 1/2 foot above ground swimming pool for all of us to enjoy that summer.   Ã‚  Ã‚  Ã‚  Ã‚  That afternoon every body was up and busy doing their own things. My brother and I were out in the neighborhood playing with our friends. When we came home for lunch my dad asked us to unload his truck and put everything in the shed. My parents, aunt and uncle were leaving to go out for the evening. They were leaving us in the care of my cousins who are several years older than us. After we had lunch and my parents had left, my brother and I started to unload the truck. I grabbed the first load and headed for the shed. I was in the shed putting things away for about ten minutes. My brother was still not back there with another load. I went around the front of the house looking for him when I saw a flash. As I reached the driveway I saw my brother just as he was throwing another match on the driveway. When the match hit the concrete a flare of fire leaped up about five foot and was gone just as fast as it appeared. I immediately forgot about unloading the truck and joined my brother. He explained to me how it worked. He handed me a five-pound can of gunpowder and told me to pour a small pile out on the driveway. After I did and back away he tore out another match from the pack, struck it and threw it on the pile of powder. Again the flash leaped from the driveway. We continued this way, with me pouring and him throwing the match, until we were down to the second to last match. We had to figure out a way to continue before we were out of matches. The Big Bang(personal Account) (tragedy) :: essays research papers The Big Bang   Ã‚  Ã‚  Ã‚  Ã‚  My lesson about playing with fire was a hard one learned. That one summer day so long ago was one of the longest days in my life. The morning was a normal one. The afternoon was when things started to heat up. That night was one I thought would never end.That morning was one just like any other summer day. The sun was bright and warm. We also had family in from Colorado. My Aunt and Uncle were there with my two cousins. They were planning on staying with us the entire summer. My parents had just installed a 4 1/2 foot above ground swimming pool for all of us to enjoy that summer.   Ã‚  Ã‚  Ã‚  Ã‚  That afternoon every body was up and busy doing their own things. My brother and I were out in the neighborhood playing with our friends. When we came home for lunch my dad asked us to unload his truck and put everything in the shed. My parents, aunt and uncle were leaving to go out for the evening. They were leaving us in the care of my cousins who are several years older than us. After we had lunch and my parents had left, my brother and I started to unload the truck. I grabbed the first load and headed for the shed. I was in the shed putting things away for about ten minutes. My brother was still not back there with another load. I went around the front of the house looking for him when I saw a flash. As I reached the driveway I saw my brother just as he was throwing another match on the driveway. When the match hit the concrete a flare of fire leaped up about five foot and was gone just as fast as it appeared. I immediately forgot about unloading the truck and joined my brother. He explained to me how it worked. He handed me a five-pound can of gunpowder and told me to pour a small pile out on the driveway. After I did and back away he tore out another match from the pack, struck it and threw it on the pile of powder. Again the flash leaped from the driveway. We continued this way, with me pouring and him throwing the match, until we were down to the second to last match. We had to figure out a way to continue before we were out of matches.

Godiva Chocolates Essay

A family by the name of the Draps began creating these amazing, little chocolates in Brussels, Belgium in 1926. Pierre Draps, in particular, was the man behind the chocolate. He started selling his chocolates to local shops to get business going. After World War II, Pierre’s son, Joseph, took control of the business. Joseph wanted to open a store of his own and asked his wife for insight on a name. His wife recommended the name â€Å"Godiva,† after the Lady Godiva who was famous for protesting high taxes by riding her horse nude through Coventry, England. After the opening of Godiva in the Brussels’ Grande Place, the Draps family realized that it was a huge success. With that being said, it was decided to expand the business, and more stores were opened throughout Belgium. Joseph’s idea was to have his company be a â€Å"premium chocolate company. † He wanted to use the most classy and elegant advertisement, as well as packaging. The family strived to have smooth, rich, and delicious chocolate. They decided they would only use the finest of ingredients, found throughout the world, to ensure the best tasting chocolate. At first, Godiva started off with a rich chocolate shell, filled with basic â€Å"ganache,† which is rich chocolate fudge, or a hazelnut praline filling. As time went on, the Draps began to create many more flavors and textured chocolates. The most famous chocolate creation was the Comtesse. This chocolate was made particularly to rejoice the Lady Godiva. It consisted of a creamy chocolate center with either a milk or dark chocolate outer layer. After the Comtesse came the Autant. The Autant was a chocolate leaf shaped milk chocolate that was hand-decorated and filled with a coffee-chocolate cream. This chocolate was made to honor the opening of the production â€Å"Gone With the Wind†, in 1939. There were several other chocolates designed and created to recognize a certain date or event; the Fabiola was a chocolate that was created in 1958 for the engagement of Queen Fabiola and King Baudouin I, the Golf Ball was a chocolate created to recognize Belgium’s King Leopold III passion for golf. In 1958, the Godiva company expanded to Paris and then to the United States. While expanding, the company also decided to invest with Pepperidge Farm and Campbell Soup. In 1972, Godiva finally opened its first store in the United States. The store was located in a high end part of New York City. Being a company that focuses on elegance and perfection, Godiva displayed its products as if they were diamonds, shining in their cases. Creation of New Products In the early 1990’s, the chocolatiers realized that they needed to keep up with the latest trends. Godiva introduced the Cafe Godiva portion of their company in 1993. The Cafe Godiva brought a variety of coffees, chocolate liquors, cocoa mixes, single serving pastries, and also cookies. With this new product line, Godiva saw a huge increase in their sales. Though Godiva is a European chocolate company, it was understood that Americans enjoy sweeter chocolate than most Europeans. Europeans typically eat a richer chocolate that is not very sweet at all, but actually considered â€Å"intense. † Godiva realized that tastes change over time. Currently, Godiva is adjusting its product line and are incorporating more European-like chocolates. Godiva is also changing most of its chocolates and candies. Instead of the outer shell being thick, Godiva is thinking about thinning the outside. The Chocolate Making Process The making of the delicious Belgium chocolates begins with the cocoa bean. After the beans are harvested, they are dried and carefully inspected for good quality. The beans the Godiva uses are considered to be the best of all the cocoa beans. They are shelled to expose cocoa nibs, which are then baked to release their intense aroma. After the beans are ready, the next step is to create the cocoa liquor. The chocolate liquor is the most important part of the chocolate making process, after all, that is where the chocolate gets its entire flavor. The liquor is created by grinding the nibs to a point when liquid begins to evolve. The liquid is extremely fine and consists of cocoa butter and cocoa particles. When creating the fillings, Godiva refuses to use any preservatives and artificial flavorings. Separating them from other chocolate companies, Godiva uses Grade A dairy butter and heavy cream to create their creamy and delicious fillings. Godiva is well known for its beautiful and unique shaped and designed chocolates. This was intentional; Godiva wants their products to be recognized when they are seen. Their shapes, molds, and designs represent everything there is to fine chocolate. The â€Å"Look† of Godiva In the initial openings of Godiva stores, the stores were designed to look similar to a jewelry store. There were pink marble counter tops with black lacquer, representing a very clean and classy look to them. In 1994, the company decided to take a risk and redesign the stores. The new stores would consist of bleached wooden floors, creamy white counter tops, and cherry wood cabinets. This new design was created to show a more welcoming and cozy feel to customers. As the new design was taking place, Godiva changed their set-up of their display. There were new single serving chocolates put out for the customer to browse at, as well as their prices. Instead of having their store look appealing to only the â€Å"wealthy† population, the store was recognized but all chocolate lovers. Thought Godiva changed the look of the interior of the store, their â€Å"perfect chocolate† image still remained. The expressed their image through creative advertisement and packaging. The advertisement campaign that Godiva uses is called â€Å"silhouettes. † Their chocolates are packaged in a way that looks appealing to the eye, using warm colors for all their packing. The packing consists of an assortment of golden boxes, ribbon, silk flowers, collectors’ tins, and colorful wrapping paper. Today, their famous assortment is known as the Gold Ballotin. This assortment is available in seven different sizes, and is used for all occasions and events. The Ballotin is a gold box with the Godiva logo located on the top of it, followed by a gold silk ribbon wrapped around it. Godiva named their assortment the â€Å"ballotin,† after the French word â€Å"ballot. † The world in French meant small package of goods for sale. Godiva Today Godiva has continued to expand their company worldwide. In 2009 Godiva began opening stores in Malaysia, Singapore, and even Taiwan. More recently, Godiva opened its first store in Turkey in September of 2010. The most recent event and accomplishment for Godiva is the opening of a Cafe Godiva in one of London’s well respected stores, Harrod’s Department Store. Today the Godiva name and brand is well known, respected, and loved in over 80 countries. Godiva now owns and runs more than 450 stores around the world. At all the stores, you are able to find an extensive selection of chocolates and products. With that being said, Godiva is able to suit anyone’s needs and give you the best of Belgium, all the way from New York to Taiwan.

Drug And Alcohol Abuse Treatment Programs - 2241 Words

Although there has been a steady decline in substance use during recent years, nearly a quarter of Canadians meet the criteria for a substance use disorder (SUD) at some point across their lifespan (Statistics Canada, 2012). In addition, three-quarters of all women in drug and alcohol abuse treatment programs report being sexually abused (Najavits, Weiss Shaw, 1997), and about one-quarter of the men (Ouimette, Kimerling, Shaw Moos, 2000). Childhood abuse has been shown to be a significant risk factor in adolescent and adult substance use, and this relationship tends to be more substantial in women as apposed to men (Simpson Miller, 2002; White Widom, 2008). Research indicates that throughout the lifespan, adolescence is the period†¦show more content†¦The Federal Child Abuse Prevention and Treatment Act (CAPTA) released a Reauthorization Act (2010) which states that the minimum set of behaviours that define child abuse or neglect (National Child Abuse and Neglect Trainin g and Publications Project, 2014) as: â€Å"Any recent act or failure to act on the part of a parent or caretaker which results in death, serious physical or emotional harm, sexual abuse or exploitation; or an act or failure to act which presents an imminent risk of serious harm.† In addition to the above description of child abuse or neglect, the DSM-IV-R provides the criteria for trauma. According to the DSM-IV-R, the criteria of trauma includes a real or perceived threat of physical harm to oneself or others, resulting in emotional reactions of extreme fear, horror or helplessness (DSM-IV-TR, 2000). Sexual Abuse According to Statistics Canada (2012), reported that more than half of all victims of sexual abuse or assault were under the age of 18, and over 80 percent of these cases were perpetrated by someone close to the victim such as a family member or acquaintance. The working definition of childhood sexual abuse has been re-worded The DSM – IV consideration of childhood sexual abuse is summarized in the APSAC Handbook of Child Maltreatment (Myers et al., 2002) as: â€Å"Child sexual abuse involves any sexual activity with a child where consent is not or cannot be given. This includes sexual contact that is accomplished by

Job analysis and job design in a real estate company Free Essay Example, 1500 words

Only then, the level of performance and productivity of the organization might get improved thereby amplifying its brand image and popularity in the market among others. Other than this, in order to retain the image and brand value of the organization dealing in real estate, maximum extent of the entrepreneur’s desire to recruit highly capable and knowledgeable staffs. So that the profitability and sustainability of the organization of real estate might get enhanced thereby boosting its dominance among other rival players of the market. Due to these underlining reasons, the concept of job analysis and job design is offered high concentration in these ages by maximum extent of the entrepreneurs (Schneier, 1994). This essay is divided into five phrases mainly highlighting the importance of job analysis and job design in a real estate company, named Prudential Americana group realtors. Along with this, it also describes the purposes and methods of job analysis and job design so as to analyze its effectiveness within a real estate company. Finally the essay is concluded with a conclusion, stating the requirements of job analysis and job design for a real estate company. Discussion I. We will write a custom essay sample on Job analysis and job design in a real estate company or any topic specifically for you Only $17.96 $11.86/pageorder now Overview of Prudential Americana Group Realtors Prudential Americana Group, REALTORS is one of the largest and reputed real estate organizations of Las Vegas. It is introduced in the year 1979, but within a very small period of time, it expanded its roots in the entire world thereby making a network of 677 franchises. This proved extremely effective for the organization of Prudential Americana Group, REALTORS to enhance its total revenues and sales by $ 15 million and $ 60 billion. Apart from this, the high ended designs and architectures of its employees also helped the organization of Prudential Americana Group, REALTORS, to amplify its range of customers and reliability in the market among many other rival players. Due to which, Prudential Americana Group, REALTORS, is recognized as one of the fastest growing real estate organization in America by Inc Magazine of 2013 and 2012. This is mainly due to proper delegation of duties and responsibilities to the employees as per their skills and talents by the management of the organ ization of Prudential Americana Group, REALTORS. Such an allocation proved worthy for the organization of Prudential Americana Group, REALTORS in the market among many other rival contenders. II. Job Analysis i) Definition of job analysis Job analysis is described as the procedure to identify and ascertain the job duties and requirements so as to accomplish it in an appropriate way.

Inventory Proposal - 1254 Words

Inventory Proposal Learning Team C was tasked with preparing a project proposal that would analyze and present data on an inventory management problem that Amazon Incorporated (Amazon) could face. The Summer Historical Inventory Data shown below was used in the calculations: Month Year 1 Year 2 Year 3 Year 4 1 18,000 45,100 59,800 35,500 2 19,800 46,530 30,740 51,250 3 15,700 22,100 47,800 34,400 4 53,600 41,350 73,890 68,000 5 83,200 46,000 60,200 68,100 6 72,900 41,800 55,200 61,100 7 55,200 39,800 32,180 62,300 8 57,350 64,100 38,600 66,500 9 15,400 47,600 25,020 31,400 10 27,700 43,050 51,300 36,500 11 21,400 39,300 31,790 16,800 12 17,100 10,300 31,100 18,900 The following proposal includes a short description of†¦show more content†¦Over all, benefits are to Amazon as a well as the global consumer. Monthly Indexes Monthly Index using Year 1 Month 1 as a Base Histogram Four Year Highlights Busiest Months by Year Year 2 December 57 Year 1 September 86 Year 4 November 93 Year 3 September 139 Slowest Months by Year Year 1 May 462 Year 3 April 411 Year 4 May 378 Year 2 August 356 The busiest time of the four years was December of Year 2 and the slowest time was May of Year 1. Quarterly Indexes Quarter Value Indices Y1Q1 17,833 100 Y1Q2 69,900 392 Y1Q3 42,650 239 Y1Q4 22,067 124 Y2Q1 37,910 213 Y2Q2 43,050 241 Y2Q3 50,500 283 Y2Q4 30,883 173 Y3Q1 46,113 259 Y3Q2 63,097 354 Y3Q3 31,933 179 Y3Q4 38,063 213 Y4Q1 43,248 243 Y4Q2 64,415 361 Y4Q3 42,667 239 Y4Q4 31,065 174 Year 1 Quarter 1 was used as the base of 17,833 for index 100. The resulting histogram establishing the 4-year indices table as shown above: Histogram Four Year Highlights Busiest Quarters by Year Year 1 Quarter 1 100 Year 2 Quarter 4 173 Year 4 Quarter 4 174 Year 3 Quarter 3 179 Slowest Quarters by Year Year 1 Quarter 2 392 Year 4 Quarter 2 361 Year 3 Quarter 2 354 Year 2 Quarter 3 283 Annual Indexes Year Value Indices Y1 38,113 214 Y2 40,586 228 Y3 44,802 251 Y4 45,896 257 Histogram Four Year Highlights The busy and slow months in each of the four yearsShow MoreRelatedInventory Proposal1583 Words   |  7 PagesInventory Proposal QRB/501 May 13, 2013 Inventory Proposal Draft Part of a business’s ability to become successful depends on the business’s ability to properly inventory merchandise needed in its operations. An organization inventory includes ordering, storing, and managing supplies needed to help the organization function efficiently. 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Crisis of Industrial Relations for Manufacturers - myassignmenthelp

Question: Write about theCrisis of Industrial Relations for Manufacturers. Answer: Introduction The report consists of the analysis of the issues related to the industrial relations. The issue is related to the problems related to the labors and the reaction of the management towards the problem. The workplace where the crisis has occurred is the arc shoes in Egypt who are global manufacturers of shoes in Egypt. It is one of the leading manufacturers in Egypt. The industrial relations include the issues related to the disputes between the manager and the labors. The arc shoes have faced such problem very often. The problem was highlighted after a long time. The major aim of the report is to focus on the issue and briefly describe the issues and analyze the role of both the actors that is the labors and the manager of the company who took no initiative initially to solve the problem. Based on the analysis of the issue the reaction of the actors on the context of the pluralist theory has been included broadly in the report. The report concludes with the analysis of such theory. The IR issue of arc shoes in Egypt The problem in this shoe manufacturing company has been a continuous process. The common forms of protest have been strikes and it has remained a perennial problem. The issue has been the outcome of an incident. On January 5th, 1992, one of the labors named George was assaulted by the executive manger in a meeting. He was charged for an unethical reason without any proof. He was suspended for the same reason and later was debarred from yearly bonus and was suspended for few days from work (Light, Margot and Arthur John Richard Groom). This resulted in the deduction of his salary as well. He was not even given a notice of this. This infused anger in many labors of the company. They landed in protest against this. This created a negative impression against the company. This led the labors to end up in strikes and protests. The management was initially not ready to listen to the workers. They did not show any reaction to the protest of the workers. The union of the labors decided not to work anymore in the company. Steve Martha the executive manager was passive to the situation. He was not ready to listen to the labors. He was neutral to their demands. They landed up in strikes and rallies in front of the gate of the factory. The managing director of the company, Mr. Nejm Abdul El Amir Rasol took notice of the situation and he intervened into the matter much later. He considered this industrial crisis to be solved and he took initiative to pay attention to the needs of the demands of the workers. The further problem that arises immediately was the take over the company. The arc shoe manufacturers collaborated with the other shoe manufacturers of Egypt. The labors were not given the ultimatum of the same and they were all of a sudden asked to find another job (Jrgensen, Knud Erik). They were not given any other placement and morally it was not justified. The labors landed up in strikes and they opposed to work. This continued till few months. The stakeholders of th e company looked onto the matter and they resolved the situation. In case of the first situation the managing director solved the situation by conducting a personal meeting of the labor with the executive manager and an apology was asked to the labor for the verbal abuse that he faced. The pluralist theory has been applied here where the perspective of the labors and the unions have been focused on (Smith, et al). Main players in this issue The main players in this issue are the labors and the managing bodies against whom the situation has taken place. The initial crisis has taken place because of the executive manger who verbally abused the factory worker (Jackson, Robert and Georg Srensen). While the company was taken over by other shoe manufacturing company it was the people in the managing committee and the factory workers who were the main players. The managing director has played a major role in this by intervening and solving the problem Therefore he is another player in this situation. Al the players had a major role to play in this. All the players had their own perspectives and own point of view (Ferguson, Yale). Two main players (actors) The players are also known as actors in this situation. The actors have a major role to play in these situations. The situations are equivalent to crisis here. The most highlighted actors here are the labor who was abused and the executive who abused him. The situation is in favor of the labor. The crisis can be termed as the crisis in terms of industrial relations. The crisis has occurred in case of the industrial relations. The labor represented the entire workers of the factory as this same incident could happen to the labors in the future. Another reason behind this was the same class that the workers belonged in. The executive manager had the power to manage and take the initial decision regarding the factory. This is the reason the labor was dominated and he was penalized (Dunne, et al). The labor however was restored his job back with complete honor. Apart from this it was same in the case of shutting down of the factory and the takeover of the same by other company. The share holders made the decision without giving prior notice to the workers. The labors were the biggest sufferers in this case. The important actors in this case were the shareholders and the workers. The ultimate sufferers of the situation were the labors and the reason of their sufferings was the stakeholders of the company. However the actors that are to be highlighted are the labor that was unethically treated and the manger that was the reason behind it. This crisis was more unethical and a more important issue than the other issues (Dunne, et al). The reaction of the two actors in respect to the situations The labor refused and he protested against the situation. The executive manger who was accused reacted in a neutral manner towards the situation. The labor made hard efforts to prove himself innocent as he was wrongly charged and was accused in front of all the entire factory workers. Moreover he was charged for something that he has not done. The entire labor union went against the authorities (Booth, Ken and Toni Erskine). The reaction of the labor was expressed through protest and strikes. The reaction of the manager was passive. He was not ready to listen to the needs of the labors. He showed an adamant behavior towards the labors. The reaction of labors was violent and it ultimately was able to bring about a change in the decision of the management. The executive manager had to finally to apologize to the union members. This was the final reaction of the manager (Battaly, Heather). Analysis of the behaviors of the actors While analyzing the behaviors of the actors the theory of pluralists can be put forward. The pluralist theory includes that the organizations comprises of individuals who form distinct sectional groups which has own area of interests, objectives and leadership. This theory can be applied when there are conflict between the management and the employees which results from the industrial and organizational factors (Ludwig, David). This comprises of not only the industrial disputes and strikes but also the entire range of whole range of opposing and divergent behaviors between the owners of the industry and the mangers on one side and the working people and their organization and union on the other side. The theory can be applied in this crisis (Ackers, Peter). The crisis occurred between the mangers and the worker unions. It has laid over-emphasis on the interest alone. It overlooked the relevance of the values and the cultures. The workers in this case show a common interest but they d o not share the same value. The pluralists theory is therefore applicable in this case. The interests and the values play an important role in uniting the groups and also in dividing them. However from the analysis of the situation this can be stated that it is not necessary for the identity of the group to be deep rooted on any particular common group interest as some particular common value a significant role in such construction (Acharya, Amitav). Conclusion Therefore from the above analysis and the study of the issue it can be stated that the industrial relations are an important segment of any industrial sectors. The theories help to regulate these relations. The crisis needs to be tackled in effective manners. The above analysis contains the details of such crisis and the same and the role of the actors in such situations. It is advisable to maintain the industrial relations in a resolved manner. All the actors are dependent on each other in the industrial sector. References Acharya, Amitav.Constructing a security community in Southeast Asia: ASEAN and the problem of regional order. Routledge, 2014. Ackers, Peter. "Rethinking the employment relationship: a neo-pluralist critique of British industrial relations orthodoxy."The International Journal of Human Resource Management25.18 (2014): 2608-2625. Battaly, Heather. "A Pluralist Theory of Virtue."Current Controversies in Virtue Theory. Routledge(2015): 7-21. Booth, Ken, and Toni Erskine, eds.International relations theory today. John Wiley Sons, 2016. Dunne, Tim, Lene Hansen, and Colin Wight. "The end of International Relations theory?."European Journal of International Relations19.3 (2013): 405-425. Dunne, Tim, Milja Kurki, and Steve Smith, eds.International Relations Theories. Oxford University Press, 2013. Ferguson, Yale H. "Diversity in IR theory: Pluralism as an opportunity for understanding global politics."International Studies Perspectives16.1 (2015): 3-12. Wallace, Helen, Mark A. Pollack, and Alasdair R. Young, eds.Policy-making in the European Union. Oxford University Press, USA, 2015. Jackson, Robert, and Georg Srensen.Introduction to international relations: theories and approaches. Oxford university press, 2015. Jrgensen, Knud Erik.International relations theory: A new introduction. Springer, 2017. Light, Margot, and Arthur John Richard Groom, eds.International relations: A handbook of current theory. Bloomsbury Publishing, 2016. Ludwig, David.A Pluralist theory of the mind. Vol. 2. Dordrecht: Springer, 2015. Smith, Steve, Amelia Hadfield, and Tim Dunne, eds.Foreign policy: theories, actors, cases. Oxford University Press, 2016.