Allocation of Resources :: essays research papers

Economics is the allocation of scarce resources among competing ends. To some extent, virtually everything is scarce - money, food, water, dates for the prom... but some resources ar scarcer than others, and deserve special attention from those with the tools to allocate them properly. basically scarce resources can be defined as the limit a society has on a particular resource that is less obtainable than others which ar readily attainable. round examples of some scarce resources that are found commonly in todays society are clean air, oil, trees, coal, and natural gas. Some examples of my personal scarce resources are cadence, money, and energy. In a way they are all connected. I have to find a way to allocate my time to make more money but yet conserve my energy at the same time. Now quality and fulfillment are two exclusively different things than scarce resources. Basically it contains the essential parts that enable you to live a happy life. For me this includes such thi ngs as security (whether it be with a lineage or a significant other), money in my wallet, family and friends, and the feeling of being successful in my endeavors. These things could also be considered pick ups because they are things I need to make me happy. However, my needs are limited to a few. I dont need a lot of things to keep me happy. Just the basics are all I really need. As for my inadequacysthats a different story. I have unlimited wants. I want many things. Having such tendencies to want and demand many things from myself helps me to obtain my goals and strive for the things I want. I dont settle for second best. If its close to want I want I usually dont give in. I would feel like I was given something for attempting but not fully reaching the wants and goals I enlighten in myself. I think this applies to our economic system in a way that people set goals in order to make the world a better place.The impact upon the

Comparison of Still I Rise and Realities of a Black Woman Essay

Comparison of Still I Rise and Realities of a Black WomanCompare and Contrast the poems Still I Rise By Maya Angelou and Ofcourse when they ask about the Realities of black women by aggrandizeNichols.Still I Rise written by Maya Angelou and Of course when they askabout the Realities of black woman written by Grace Nichols, arethe two poems that I will be comparing and writing about. These poemsare expressing the opinions of how white people would like to expose orhow they see black women.I understand that the word culture means a wide range of ideas,knowledge and beliefs. That is usually shared between the people of acountry, place, race, group or religion. The word Culture can alsomean a way of life, or set of every day activities, for example aMuslim will worship five clips a day. I also understand that with inone culture it is possible to develop numerous different cultures.Both poems are from a different culture to my own. The poems and poetscome from the same culture, which is black. Grace Nichols originallycame from Guyana and Maya Angelou originally came from Missouri. Bothpoets are black each(prenominal) poem suggests this in its own individual way asin the poem Still I Rise the poet Maya Angelou uses the wordSlaves, and in the past slaves have usually been referred to asblack people. In the poem Of course when they ask about theRealities of black women the poet Grace Nichols uses I like to seewe black women, This suggests that she is not just writing aboutblack women and that she is a black woman herself as she changes herlanguage from I to we.The poem Still I rise by Maya Angelou is mainly about one blackwoman. In the poem it is saying about a black woman being t... ...propriately. The line whichdidnt work for me was I am the ideate and hope of the slave this isbecause when this poem was written there would have been less slaveryand I do not believe that she is the dream of the slave. The rest Ivery much like.Graces poem confused me and some p art did not make any sense to me soI effectuate it very hard too follow in what was being said. This poem hasa lot of depth. I think it is not straight to the point, this to givesthe impression that Grace may still fear to speak about her past. Thestructure and shape of the poem I didnt like not like. To me itlooked as thou no time had been taken was a rush and burst of thoughtall at once.Over all I preferred Maya Angelous poem Still I Rise2 I think thatshe is a very strong black feminist writer. I hope that in the futurewe will be looking at to a greater extent of her work.

Capone :: essays research papers

At January 25 1919, the League of Nation was founded. It was an international organization founded after WWI with its constitution being approved by the Paris Peace Conference. The Leagues goals included disarmament, preventing war through collective security, settling disputes between countries through negotiation and diplomacy *blah blah blah* and so on. This topic will fit perfectly in what we are studying right now, I am not going to talk about it because it is actually very boring. (trust me, I read though it) Besides, I found something else far more interesting because this. At the same day (January 25th) 28 years after the League of Nation was founded, a famous gangster died.Alphonse Capone, a famous American gangster during the 1920s and 1930s, had a very special life. When he was thirteen, he joined two gangs, the Brooklyn Rippers and the Forty Thieves Juniors and engaged in crimes. Capone quit high school at the age of fourteen when he fought with a instructor who as b eaten up very badly. After staying with small-time gangs for sometime, Capone joined the big gang, the Five Points gang. It was at this time he began working as a bartender at the Harvard Inn. It was at the Harvard Inn, it was there where Capone would engage in a knife fight and was slashed on his face, giving him the nickname that he would nominate for the rest of his life Scarface. Capone later worked for one of the most powerful bosses in the gang called Johnny Torrio. Torrio immediately recognized Capones talents and by 1922 Capone was Torrios second in charge, answerable for much of the gambling, alcohol, and prostitution in the city of Chicago.Only a few years later after Torrios death, Capone took over his place and all his jobs. He then became the boss of the gang. He made a whole lot of money though his illegal activities, some estimates that he was making more than 100 meg US dollars a year at that time. Capone was a very smart person, he always did his business through front men and had no news report records linking him. Although the government knew that he was the one at the back controlling, they did not have anything to prove any of his illegal activities including seventy-one gangland killings or even at least 2 murders he had committed. Till 1927, new laws were passed in 1927, it allowed the federal government to pursue Capone on tax evasion.

Essay --

It is clear from the facts it is a case of non-fatal offences against the person. They include assault, battery, assault occasioning effective bodily harm which is sometimes abbreviated as ABH, maliciously wounds or inflicts grievous bodily harm and the last one wounding or causation grievous bodily harm. We will start examining the most serious offences which are committed by Cyril then moving to the least serious offences which are committed by Moby. It is noted that for there to have liability both the elements of actus Reus and mens rea should be present while committing the offences. From the facts of the case, we noted that Cyril threatened to hit Moby and even waved his fist in the air at him. From this point of view Cyril can be liable for assault. Assault is defined as a situation where one person creates awe of harm to another person . For assault to take place there is no need to apply potency or make any somatogenetic contact with the person. The actus Reus here f or assault is that there must be an act and that particular act caused the victim to apprehend the infliction of immediate unlawful force applying the doctrine set in the case of Fagan v Metropolitan Police Commissioner (1968) . Words spoken are sufficient to be qualified as an assault. This principle is set out in the case of R v Ireland Burstow . In our case the spoken words of Cyril and the act of raising his fit in the caution of Moby have undoubtedly created fear. It must be noted that it is sufficient that Moby thought that the physical violence was immediate, here applying the case of Smith v Chief overseer of Working Police Station . As mentioned above both the elements actus reus and mens rea should be present for an offence, we now come the mens... ....Another offence chthonic which Moby might be convicted is s47 for he stuck Cyril on head causing him to pass out for a few minutes. Applying the case of T v DPP a momentary loss of soul is sufficient for s47. This is defined as occasioning genuine bodily harm also referred as ABH. There are three elements for actus reus. There must be as assault or battery. We have already established that Moby might be convicted for battery. Another element is occasioning. Under this element we have to prove that the battery caused the actual bodily harm. Establishing the but-for test , Cyril would not have lost his spectacles and blow out if Moby did not stick him. The bruises caused by the yin can be charged under s47 .The mens rea required here is that of battery . As we have already establish the mens rea it is most probably that Moby might be convicted under s47

Eulogy for Friend :: Eulogies Eulogy

Eulogy for FriendThe phone rang in the early hours of the morning. Rolf G. informed us that Michael had suffered a heart set on a few hours earlier and had not survived. My wife whispered a few speech communication I could not hear, sat silently on the progress of the bed for a moment, then turned to me and said, Michael passed away at the airport, its just not fair. He was doing so well. No, it was just not fair. We try to share with Michaels family, with Kathy, mollie and Tom, Molly, Clint and Wendy and their families the grief they feel, but it is not really in our power to do so. We are compelled to measuring stick the loss of our friend and fellow, father and husband each in our own way and turn instead to what we can share, the extraordinary life that touched us all. I spoke with Michael several times well before we had actually met. When it was de lineined that Marilyn and I were coming to a university in far off Montana, he called us in Washington, D.C. to welcome us, t o ask questions about courses I wanted to teach, shared information about students and the university. A few weeks after the Fall term began that year, he came into my office and asked me a question about a Native American tribe that lived in the Montana western border region. How did they subsist, I esteem he asked. I replied that they hunted and fished and planted crops, they were a seasonal worker people. He liked that phrase. Ya, Ya and then he was back to his typewriter. Some months later, the first addition of his defy Montana A History of Two Centuries, written with colleague Dick R., came out. He gave me a copy and I was perusing through the early chapters, when thither in the middle of a discussion about Montanas aboriginal people, was Historian Thomas R. Wessel refers to them as seasonal people. It was a small matter that hardly heighten his scholarly reputation of mine for that matter, but I came to date it was typical. A quiet, generous gesture followed in the years we spent together in the surgical incision of History and Philosophy, and after, when he climbed the administrative ladder to the Presidents Office. I would currently learn that I was hardly alone as a recipient of Michaels generosity and concern.Eulogy for Friend Eulogies EulogyEulogy for FriendThe phone rang in the early hours of the morning. Rolf G. informed us that Michael had suffered a heart attack a few hours earlier and had not survived. My wife whispered a few words I could not hear, sat silently on the edge of the bed for a moment, then turned to me and said, Michael passed away at the airport, its just not fair. He was doing so well. No, it was just not fair. We try to share with Michaels family, with Kathy, Molly and Tom, Molly, Clint and Wendy and their families the grief they feel, but it is not really in our power to do so. We are compelled to measure the loss of our friend and colleague, father and husband each in our own way and turn instead to what we can shar e, the extraordinary life that touched us all. I spoke with Michael several times well before we had actually met. When it was determined that Marilyn and I were coming to a university in far off Montana, he called us in Washington, D.C. to welcome us, to ask questions about courses I wanted to teach, shared information about students and the university. A few weeks after the Fall term began that year, he came into my office and asked me a question about a Native American tribe that lived in the Montana western border region. How did they subsist, I think he asked. I replied that they hunted and fished and planted crops, they were a seasonal people. He liked that phrase. Ya, Ya and then he was back to his typewriter. Some months later, the first addition of his book Montana A History of Two Centuries, written with colleague Dick R., came out. He gave me a copy and I was perusing through the early chapters, when there in the middle of a discussion about Montanas native people, was Hi storian Thomas R. Wessel refers to them as seasonal people. It was a small matter that hardly enhanced his scholarly reputation of mine for that matter, but I came to learn it was typical. A quiet, generous gesture followed in the years we spent together in the Department of History and Philosophy, and after, when he climbed the administrative ladder to the Presidents Office. I would soon learn that I was hardly alone as a recipient of Michaels generosity and concern.

Eulogy for Friend :: Eulogies Eulogy

Eulogy for booster doseThe phone rang in the early hours of the morning. Rolf G. informed us that Michael had suffered a heart attack a few hours earlier and had not survived. My wife whispered a few words I could not hear, sat wordlessly on the edge of the bed for a moment, then turned to me and said, Michael passed away at the airport, its sound not fair. He was doing so well. No, it was just not fair. We set about to share with Michaels family, with Kathy, Molly and Tom, Molly, Clint and Wendy and their families the grief they feel, only it is not really in our power to do so. We are compelled to measure the loss of our friend and colleague, father and economize each in our own way and turn instead to what we can share, the extraordinary keep that touched us all. I spoke with Michael several time well before we had actually met. When it was determined that Marilyn and I were coming to a university in utmost off Montana, he called us in Washington, D.C. to welcome us, to use up examinations about courses I wanted to teach, shared information about students and the university. A few weeks aft(prenominal) the Fall term began that year, he came into my office and asked me a question about a Native American tribe that lived in the Montana western limit region. How did they subsist, I think he asked. I replied that they hunted and fished and implanted crops, they were a seasonal people. He liked that phrase. Ya, Ya and then he was back to his typewriter. Some months later, the initial addition of his book Montana A History of two Centuries, written with colleague Dick R., came out. He gave me a copy and I was perusing through with(predicate) the early chapters, when there in the middle of a treatment about Montanas native people, was Historian Thomas R. Wessel refers to them as seasonal people. It was a small consider that hardly enhanced his scholarly reputation of mine for that matter, but I came to learn it was typical. A quiet, generous gestu re followed in the years we spent together in the Department of History and Philosophy, and after, when he climbed the administrative go to the Presidents Office. I would soon learn that I was hardly alone as a pass receiver of Michaels generosity and concern.Eulogy for Friend Eulogies EulogyEulogy for FriendThe phone rang in the early hours of the morning. Rolf G. informed us that Michael had suffered a heart attack a few hours earlier and had not survived. My wife whispered a few words I could not hear, sat silently on the edge of the bed for a moment, then turned to me and said, Michael passed away at the airport, its just not fair. He was doing so well. No, it was just not fair. We try to share with Michaels family, with Kathy, Molly and Tom, Molly, Clint and Wendy and their families the grief they feel, but it is not really in our power to do so. We are compelled to measure the loss of our friend and colleague, father and husband each in our own way and turn instead to wh at we can share, the extraordinary life that touched us all. I spoke with Michael several times well before we had actually met. When it was determined that Marilyn and I were coming to a university in far off Montana, he called us in Washington, D.C. to welcome us, to ask questions about courses I wanted to teach, shared information about students and the university. A few weeks after the Fall term began that year, he came into my office and asked me a question about a Native American tribe that lived in the Montana western border region. How did they subsist, I think he asked. I replied that they hunted and fished and planted crops, they were a seasonal people. He liked that phrase. Ya, Ya and then he was back to his typewriter. Some months later, the first addition of his book Montana A History of Two Centuries, written with colleague Dick R., came out. He gave me a copy and I was perusing through the early chapters, when there in the middle of a discussion about Montanas native people, was Historian Thomas R. Wessel refers to them as seasonal people. It was a small matter that hardly enhanced his scholarly reputation of mine for that matter, but I came to learn it was typical. A quiet, generous gesture followed in the years we spent together in the Department of History and Philosophy, and after, when he climbed the administrative ladder to the Presidents Office. I would soon learn that I was hardly alone as a recipient of Michaels generosity and concern.

Business Communication

During the run you atomic turn of events 18 not each(prenominal)owed to open your references. B. disport answer the following questions in the multifariousness of es severalise which consists of introductory paragraph, distri besidesor point and example, and concluding paragraph). 1.Effective conversation strengthens the connection between a comp any(prenominal) and alone its stakeholders, those groups affected in roughly focus by the go withs actions customers, employers, stakeholders, suppliers, neighbors, the community, and the nation. Conversely, when let the cat out of the bag breakdown, the results tush be anything from era wasting to the tragic event. How hatful a lack of divided experience between s stoper and receiving system result in converse failures? 2. The way you conduct yourself and interact with others can pass on a profound influence on your caller-outs success and your c atomic number 18er.Because of your excellent talk skills, for example, yo ur boss al ways asks you to write his depicts for him but when the CEO complimenting him on his logical establishment and clear write style, your boss responds as if hed indite all those storeys himself. What flesh of ethical choice does your bosss response re familiarise? What can you do in this situation? Explain your solution and your reasoning. 3. either month, each(prenominal) employee in your de partitionment is expected to intermit oral presentation on the status of your group project. unrivalled member of the group, however, has a severe speech chip that prevents pot from understanding around of what he has to say. As the department manager, how go away you resolve this dilemma? Is it possible for you to use non-verbal talk? Please explain. 4. CRM stands for Customer kinship Management, a category of softw be that aids companies manage their interactions with customers. What atomic number 18 the factors to be considered when choosing visual media like CRM fo r your commerce conversation? PS Maximum score is 25 for each question including paragraph structure, sentence tructure, coherence, spelling, and choice of word. oOo communicating is a dish whereby in put to proceedingation is enclosed in a package and is channeled and imparted by a sender to a murderer via some medium. The receiver then impart decodes the in coifion before he/she gives feedback to the sender. Of course, some interference can appear in any forms and disturb the physical work on of intercourse itself. When a process of communion doesnt run properly, it is called communion breakdown and it is very common.In any parley model, interference of a talk model is called racquet. There are many examples of noise, such as environmental noise, physiological-impairment noise, semantic noise, syntactical noise, organizational noise, cultural noise, and psychological noise. The lack of shared experience of parley between the sender and the receiver could be chassis ified as semantic, syntactical, organizational, or cultural noise. Semantic noise means the sender and the receiver tolerate divers(prenominal) interpretations of the moments of certain words.For example, the word weed could be interpreted as undesired plants on your yard or as marijuana. Syntactical noise is a form of noise where certain grammatical mistakes appear and crock up chat. This kind of noise usually appears when the language that is used in the communication process is not the mother language of one or more parties of the process. Poorly structured communication can prevent the receiver from accurate interpretations. When this happens, it is called organizational noise.For example, when a manager teaching his/her subordinates how to use a peeled tool for their pass aways, but he/she is not telling them in a well structured form of communication, it can polish off the subordinates more confused virtually the new tool. The run one is cultural noise. This happens when the receiver and the sender came from different cultural background. For instance, wishing a Moslem Merry Christmas could be offending for him/her. The process of communication does not always run well. Some interference can appear and disrupt the process. and then, we should check into the impelling way of communication so that we can avoid the interference and conduct an effective way of communication. In telephone circuit or in operative environment, there are some rules that should be obeyed so we wont hurt someone elses whimsys or take the rights of others. This set of rules is called commercial enterprise ethics. However, to put whether an act is ethical or not is, sometimes, not easy. From the example presumptuousness in the question, I befoolt have any trouble to say that it is unethical. My boss claimed my workings as his/hers and that simply violated my intelligence rights.There are some options can be taken to deal with this case, but I have my own way to deal with this. If I were in that position, I would just complain to him/her right away. Tell him/her that I didnt like what he/she was doing but in a most nice and most polite ways. I dont think he/she would fire me because he/she wished me. I was ripe(p) at making says and if he/she fired me, it wouldnt be that easy to find someone else with the same skill. In working environment, we should always verify that our acts are ethical. Even when someone else does unethical acts toward us, we should solve the problem with the most ethical way.By ensuring that every act that we conduct is ethical, it will not only make a good working environment but also shows us who we really are. In the process of communication, some interference can appear and disrupt the process. This interference is called noise. There are many kind of noise, such as environmental noise, physiological-impairment noise, semantic noise, syntactical noise, organizational noise, cultural noise, and psychological noi se. From the example given in the question, it is classified as physiological-impairment noise.It means he/she has physical maladies that prevent effective communication. In this case speech impediment. If I were the manager, I would try to help him with his/her speech problem. However, if it were impossible to help him/her with the problem, I would give him/her the work that required less speaking or the more technical part. I would leave him the part that deals with counting, graphs, etcetera Customer relationship commission (CRM) is a widely-implemented strategy for managing a companys interactions with customers, clients and sales prospects.It involves using technology to organize, automate, and synchronize trading processes, generally sales activities, but also those for marketing, customer service, and technical support. One of the factors that should be considered when using CRM is the tools could be complicated. The tools itself are usually limited. So, when using CRM as the companys strategy, we should ensure that we have the right processes, the right people, and the right strategyBusiness talkTherefore, the company should develop consistency and extensive plan in social club to commit their operational, strategic, financial and transactional problems. According to the Matthew Walker, in this situation, the first step should be communication proactively to limit surprises and build the credibility and trust. It does not mean that company should violate every financial part however the trust is the critical. The anicteric business requires the healthy community. Also, there should contribution in creating and maintenance.Certainly, the public wants to know about companies, organizations. Lewis (2010) states that, incorporated social responsibility makes the buzzword from the boardroom to the living room by growth media coverage dealing with such issues as corporate governance and environmental responsibility. Professionally, this rise In aw areness of the term CARS has created a new fashion in business precaution (Jackson, 2001). Many academics, corporate stakeholders and Government are avocation on large and small corporations to adopt CARS orientated approaches to business.It helps to say with stakeholders effectively. Inefficient or poor communication often demonstrates incomplete planning, unrealistic deadlines and budgets. Every company needs to glide by often and effectively in order to know about the processes of future plans, mission and vision. According to the study, which was conducted by IT managers of French computer manufacturers, 57 % of project failures were because of the poor communication. The main reason is that inability to clearly state their expectations to the stakeholders.Moreover, the good communication is not one-size fits all technique. Firstly, every company should pay attention to the diplomatic transparency and sensitivity to their pacific work styles. For instance, some people need r egular data and constant updates while others need high level directives and knowing just specific inside breeding. Also, it is very main(prenominal) knowing and having the correct tools and skills to sink the main goal of the company. There is no doubt that, miscommunication can creates serious ruleing which might remain un spy for a long time.Every employee should prepare a formal communication strategy in order to designate the contract expectations from stakeholders. Also, it is extremely unavoidcapable to write about the ideas, issues, insights and info. In addition, there should be shown the statistics and should be presented to the stakeholders. It helps to render the works which were through al assumey. Also, one of the best ways to avoiding the conflicts with stakeholders is authorship the memos. This can be as simple as stating needs of company in a few sentences or as complex as composition out your list of objectives.It is useful to define the core objectives with measurable parameters of the company. Furthermore, each of your respective(a) project stakeholders their own agenda and goals. The companys executive squad should submit the special(prenominal) reading and a different communication style in the day-to-day details of delivery. Usually, stakeholders want to see more of the summarized review. In order to balance the unlike needs of communication, there should be the connection between risk and risk moderateness actions. It is very important for external stakeholders.If a risk can be mitigated by adjustments with the control of the company then it probably doesnt need to undulate up to team. Also, the communication about the risk with the stakeholders can be tricky, because this group, usually, is unknown with the details Of the company. In order to succeed, company should full explain the concepts without using the companys jargons in the nitty-gritty. Also, it helps to show the benefits to gain acceptance. The company should meet with the stakeholder to discuss the plan in concert and maintain positive relationships.Nowadays, the several marketing techniques can be used to ease this process, which helps to promote this in effective way. The majority of companies use the symbol of the communicate with stakeholders. According to the Schultz(2006), companies prefer using the minimal release kind of communication with stakeholders. This determination shows that suggestion by the web- ground content is the most effective way of attain the goal. With the respect to CARS the centre management bell ivied that the various essences where they can communicate across various means generated the benefits to the company, organization.Moreover, the clear structured depicted object to the stakeholder whether it will be transmitted via print or shown on companys web rate will become effective to settle down the goals. The details should be written in the message carefully. Also, it can be provided in diff erent formats. Sometimes, there will be necessary to translate the documents in order to understand, because many types of specific words in the technology changed. Therefore, effective communication whitethorn require the translating of technical and financial jargon.Also, in musical composition the message to stakeholders it is very important to explain the technical issues in basis that non-experts can understand. In addition, politicians and the public can make their findings. One of monetary value of company can be provided by the using the glossary of company. In conclusion, certainly the poor message with the lack of information in the intent has the prohibit impact on the company. discourse is the complicated process of sharing and exchanging information, knowledge, feeling and experience.It is important to write the subject to stakeholders with the specific details and expectations in order to happen the companys good reputation. The communication principles, which relates to the management of company are important to define clear organizational structured communication. It will demonstrate the high-performing organizations, where all employees respect communication principles. Also, it can show the high degree of trust between team members. The effective business communication consists of the accurate communication in bad-tempered message, where the stakeholder can understand this correctly.One of the important things of the communication with the stakeholder is not confusing and misinforming with the information. Therefore, the corporate constitution should be strictly checked. all of us know that the aim of corporate communication is to managing perceptions through the positive corporate brand, transparent relationship with all stakeholders. Thats why the disposition of corporate communication is one of the necessary facts of the successful impasses, because it helps to consider and mark off the intersection between the level and perc eption of the every company.Business intercourseTherefore, the company should develop consistency and extensive plan in order to commit their operational, strategic, financial and transactional problems. According to the Matthew Walker, in this situation, the first step should be communication proactively to limit surprises and build the credibility and trust. It does not mean that company should disclose every financial part however the trust is the critical. The healthy business requires the healthy community. Also, there should contribution in creating and maintenance.Certainly, the public wants to know about companies, organizations. Lewis (2010) states that, corporate social responsibility becomes the buzzword from the boardroom to the living room by growing media coverage dealing with such issues as corporate governance and environmental responsibility. Professionally, this rise In awareness of the term CARS has created a new fashion in business management (Jackson, 2001). Ma ny academics, corporate stakeholders and Government are calling on large and small corporations to adopt CARS orientated approaches to business.It helps to communicate with stakeholders effectively. Inefficient or poor communication often demonstrates incomplete planning, unrealistic deadlines and budgets. Every company needs to communicate often and effectively in order to know about the processes of future plans, mission and vision. According to the study, which was conducted by IT managers of French computer manufacturers, 57 % of project failures were because of the poor communication. The main reason is that inability to clearly state their expectations to the stakeholders.Moreover, the good communication is not one-size fits all technique. Firstly, every company should pay attention to the diplomatic transparency and sensitivity to their pacific work styles. For instance, some people need regular data and constant updates while others need high level directives and knowing jus t specific details. Also, it is very important knowing and having the correct tools and skills to reach the main goal of the company. There is no doubt that, miscommunication can creates hard feeling which might remain undetected for a long time.Every employee should prepare a formal communication strategy in order to define the exact expectations from stakeholders. Also, it is extremely necessary to write about the ideas, issues, insights and information. In addition, there should be shown the statistics and should be presented to the stakeholders. It helps to prove the works which were done already. Also, one of the best ways to avoiding the conflicts with stakeholders is writing the memos. This can be as simple as stating needs of company in a few sentences or as complex as writing out your list of objectives.It is useful to define the core objectives with measurable parameters of the company. Furthermore, each of your various project stakeholders their own agenda and goals. The companys executive team should submit the particular information and a different communication style in the day-to-day details of delivery. Usually, stakeholders want to see more of the summarized review. In order to balance the various needs of communication, there should be the connection between risk and risk mitigation actions. It is very important for external stakeholders.If a risk can be mitigated by adjustments with the control of the company then it probably doesnt need to bubble up to team. Also, the communication about the risk with the stakeholders can be tricky, because this group, usually, is unfamiliar with the details Of the company. In order to succeed, company should fully explain the concepts without using the companys jargons in the message. Also, it helps to show the benefits to gain acceptance. The company should meet with the stakeholder to discuss the plan together and maintain positive relationships.Nowadays, the several marketing techniques can be used to f acilitate this process, which helps to promote this in effective way. The majority of companies use the type of the messaging with stakeholders. According to the Schultz(2006), companies prefer using the minimal release kind of communication with stakeholders. This finding shows that suggestion by the web-based content is the most effective way of reaching the goal. With the respect to CARS the centre management bell ivied that the various messages where they can communicate across various means generated the benefits to the company, organization.Moreover, the clear structured message to the stakeholder whether it will be transmitted via print or shown on companys web pose will become effective to settle down the goals. The details should be written in the message carefully. Also, it can be provided in different formats. Sometimes, there will be necessary to translate the documents in order to understand, because many types of specific words in the technology changed. Therefore, eff ective communication may require the translating of technical and financial jargon.Also, in writing the message to stakeholders it is very important to explain the technical issues in terms that non-experts can understand. In addition, politicians and the public can make their decisions. One of terms of company can be provided by the using the glossary of company. In conclusion, certainly the poor message with the lack of information in the intent has the negatively charged impact on the company. Communication is the complicated process of sharing and exchanging information, knowledge, feeling and experience.It is important to write the storey to stakeholders with the specific details and expectations in order to obtain the companys good reputation. The communication principles, which relates to the management of company are important to define clear organizational structured communication. It will demonstrate the high-performing organizations, where all employees respect communic ation principles. Also, it can show the high degree of trust between team members. The effective business communication consists of the accurate communication in particular message, where the stakeholder can understand this correctly.One of the important things of the communication with the stakeholder is not confusing and misinforming with the information. Therefore, the corporate policy should be strictly checked. All of us know that the aim of corporate communication is to managing perceptions through the positive corporate brand, transparent relationship with all stakeholders. Thats why the nature of corporate communication is one of the necessary facts of the successful impasses, because it helps to consider and notice the intersection between the level and perception of the every company.Business CommunicationAssignment 05 Business Communication Topic misfortunate / informal reports categories and formats of reports IN note OF Sir Hamid Nawaz Sb. SUBMITTED BY MUHAMMAD JAVED IQBAL AISH MBA 1st Semester Section (A) DEPARTMENT OF ADMINSTRATIVE SCIENCES QUAID-I-AZAM UNIVERSITY ISLAMABAD What is report? An orderly and objective communication of factual information that serves a business purpose. What is concise report? The short report consists of a title page and the report text normally. Like most of the less formal report forms, the short report may be organized in either the direct order or indirect order.But the direct order is more common. This plan begins with a quickly summary of report including the conclusions and recommendations. Because many organization heavily depend upon the short reports. There are many varieties written for the different purposes. Some companies have their particular report forms. There are many types of short reports but we will define three of them only, as follows 1. Routine operational reports The majority of the reports written at bottom the companies are turn reports that informs to the supervisors, top managers and other employees of the organization about the companys all activities.These reports can be for daily, weekly, monthly or quarterly. It depends upon the work nature that if sufficient task like all the policy making rules have to define then it will be in more concise form that every one can understand easily. For the various purposes we can use this form of report. For example the mathematical product data, the data of loyal customers etc. The formation of this type of repot varies from company to company and managers to manager. The content / format of this report ? The bring up comes from the fact that what is inside the report and it essential be written with in 15 minutes.Thats why we define its name first of all so that this name clearly defined the required information efficiently and on time. almost of the organizations define some standard for the short operation report because managers dont have sufficient time to write on the daily or monthly basis by defining its whole format. So they define a standard that these contents must include in the report so that reader can understand easily. ? The findings of a particular sample must be given in a chronological order so that readers can understand quickly.And must use the appropriate takeings if required any. ? In the end of routine report just put the summary, which may include or not according to the data required. 2. Progress reports This report review progress on an activity. This report focuses on the progress toward a specific goal. If someone is working on a project under the supervision of a boss then he or she must have to write a progress report for that project to his or her immediate boss or manager to show the progress of that project that work is on the track.Progress report can be formal or informal depending on the work nature. But most are informal and narrative. And one important factor which must use in this report that is subject i. e. I or we. If we are using the word I in th e progress report that I have done all this then it shows really negative behavior and we shows the best motivation tool in the progress report. The format / content of this report ? Describe the purpose and nature of the project first. ? Present a summary of work already completed. Describe work currently in the progress including personnel, methods. ? Forecast future activities related to the project. ? In the end include recommendations and request. 3. Recommendation reports A recommendation report is a enlarge report submitted to readers who are usually in a high management position, like as, supervisors, top managers, head of departments, buyers of company, and elected officials, to accept or reject the writers plan or choose from among their recommendations. Purpose of the recommendation reportThe main purpose and theme of this report is to present a carefully created, well-supported proposal for application of the research which we have conducted. The report will define ways to apply findings to the problem which we have investigated. If the report is accepted then it t can lead to improve functioning conditions, a more competent and cost-efficient business or supplementary jobs. Format of the recommendation report Her we use report format, not memo or letter format. And important thing, here is, that we have make sure of using headings and number the pages of the report.The length will vary based on the number of headings, the size and number of visuals, and other design features. content of recommendation report ? Introduction of report The opening of this report should be interesting so that it actually represents what it follows. ? methods of report We have to explain all the gathered data so that its primary purpose was to understand the background of the problem, not to get solutions. ? Summary of the secondary research Here we have to consider what has been done before to address that problem, and to recommend solutions. ? Analysis of Survey FindingsThis section is important due to its survey factor because here we define the findings obtained from the primary and secondary research. ? Feedback We pause from the gathered data and implement to solve the problem. ? Recommendations Recommendation shows that how readers can transform their particular action into actions. ? Closing Goodwill tone is lots important and must be closed in form of solving the problem. nobble reports format Short report formats are the design of the report that defines which contents of the reports are include and which contents are described more or not.Simply the format of a report shows the outline of a whole report either of short or long. There are different formats of the short reports which are as follows, but here we have to define three of them only Letter format memo format Report format Prepared forms 1. Letter Format The reports in the forms of letter are known as the letter format reports. These formats are normally used when w riters have to send information to outsiders in informal form. Means these reports are used to present information to person outside the organization.For writing a report in a letter format these instructions can be followed We write the name and organization information in the velocity left corner of the page with date. Under these three things you have to write the name of the recipient and his title and company address. After writing salutation we present the information about the important contents of the report. Then give reason why we are writing a report. Here we need more information to clarify our readers about the report. In the end provide the conclusion and recommendation. Friendly closing is also necessary.So use those words which create the goodwill. And write name below the four lines after closing with signatures. 2. Memo Format These formats are normally used when writers have to send information within the organization. Means these reports are used to presen t information to person inside the organization. A memo is used to persuade people to take some action or to give feedback on a specific matter. Word Memo is also called as entry. Memo can be formal and informal as well. Memo is written in a very simple tone that easy to understand. Memo must be short and specific.In memo the following things are important to note Try to identify the audience to whom we are writing. issue the name of sender and receiver in a memo. Purpose of writing a memo must be given with the subject. Give suggestions for the help of readers. Present the recommendation with some arguments. Closing with creation of goodwill. 3. Short report format Short reports formats are used to give some particular information and also have different reasons and purposes of writing in terms of managers and employees. So the contents of the short reports are Write the title of the report very first remark the name of that person to whom we are writing Mention the name who is writing Mention the date also Short reports include terms of references which show basically the main contents of the reports. Define the methodology of the report Conclusion shows the overview of the whole report. And in the end we present the recommendations to take actions if necessary. References www. google. com www. osun. org www. scribd. com www. wikihow. org Business CommunicationBusiness Communication Md. Tarikul Islam Jahangirnagar University, Bangladesh Islam, M. T. http// sets. google. com/site/kjatbd/ Topics Today q Topics Today u cart track Outline Course ledger entry Topics include in the course military rating method What to expect and how to be prepared u Start of the course, if time allows Islam, M. T. http//sites. google. com/site/kjatbd/ The Course q Welcome u To the Course-Business Communication o? Course code EMBA 501 o? To the students of EMBA Program o? This is a three credit course where one learns about basics of communication Tools in communication o? For class schedule contact EMBA Coordination office Islam, M. T. http//sites. google. com/site/kjatbd/ The Course Studying Communication means u Studying communication has three parts o? Theory o? Applying theories in real life o? Feedback on application mentioned above u Therefore we shall o? First study the theory o? Then would know how to use the theories in real life o? Finally we shall check the applications for effectiveness and energy Islam, M. T. http//sites. google. com/site/kjatbd/ The Course Scope q Scope o?This course is about learning fundamentals of communications and then communicating effectively and efficiently with the forthcoming tools in communications Therefore the course starts with the learning about communications followed by the lear ning and applications of communication tools available in place Islam, M. T. http//sites. google. com/site/kjatbd/ The Course track record q Recommended Book o? We shall follow the book Business Communic ation by Lesikar Buy the in vogue(p) edition o? Any other materials will be provided in due time Please remember that it would be more beneficial to go through more than one book about all the communication books are more or less on same issues Islam, M. T. http//sites. google. com/site/kjatbd/ The Course Contents No Topics 01 Basics of communication 02 Introduction to communication, types of 03 vocal Communication 04 Culture and communication 05 Non verbal communication 06 Technology and communication 07 General letters and job related letters 08 Curriculum vitae 09 Memorandum 10 want formal business report 11 research proposal communication, mediums of communication Contents are subject to change http//sites. google. com/site/kjatbd/ Islam, M. T. The Course military rank q valuation u There are both evaluations o? One by students and o? One by the course teacher u Evaluation by course teacher o? Final exam for 40 mark o? Continuous Assessment (CA) for 60 mark includin g class carriage Islam, M. T. http//sites. google. com/site/kjatbd/ Evaluation Final Exam (40 marks) q Final Exam u A comprehensive exam at the end of the semester o? Having 40 marks of value You should be prepared for the conceptual question in most cases Direct question would be the minimum or rare case u Questions in the final exam mainly will check o? Your boilersuit understandings of the course o?Whether you are able to interpret the theories or not o? Whether you can create something new or not Islam, M. T. http//sites. google. com/site/kjatbd/ Evaluation CA (60 marks) q Continuous Assessment u Combination of o? shape works, homework, assignments, presentations, case study, oral exam etc. o? Exams Both quiz and class tests Either announced or unannounced Dont miss as there wont be any customization u Weights o? There wont be any weights to any evaluation criteria. All will be converted into sixty. Final exam marks would be added to CA marks to decide on your grade in the course o?Remember there is no best of Islam, M. T. http//sites. google. com/site/kjatbd/ Evaluation CA Details u CA Details o? Assignment You would need to prove You can write letter properly You are familiar with different aspects of reports You know about memorandum o? Presentations You would be required to prove that you are familiar with the different aspects of presentations and you can apply them in real life Islam, M. T. http//sites. google. com/site/kjatbd/ Evaluation CA Details u CA Details o? Report writing as the final part Build up groups according to directions Write a long formal business report Almost at the end of semester your group will present Others will evaluate you including question and answer sessions Participation by all is mandatory and beneficial provoke sure you are NOT a quiescency member Islam, M. T. http//sites. google. com/site/kjatbd/ Evaluation Sleeping Member u Sleeping Member o? never and ever be a sleeping member o? You will be traced out and your grade will be severely damaged o? How? On any of the works like assignments, presentations etc. you will be evaluated individually even though you work in the group In time of evaluation if you fail to prove yourself, it would not matter how good you have been working in the group, you will not score maximum Islam, M. T. http//sites. google. com/site/kjatbd/ Evaluation Group Formation steerings q Group formation directions u Form a group o? Of five members each o? Group number will be decided by me o? Each group would have a group leader and one female member at least(prenominal) o? Submit the list within the next class o? Once the list is given, it would be treated as final one. Anyone not included in the list will form a single member group and will be evaluated for 80% marks i. e. (60*40%)*80% For what o? behind be for assignment, presentation, viva, case study, article reading, term paper etc. http//sites. google. com/site/kjatbd/ Islam, M. T. Evaluat ion Group roleplays q Group Works u You work in group but will be evaluated individually therefore you have the chance to prove yourself to advance your grade u However, what would be seen when you work in group is o? You accumulate all the possibilities at maximum o? You have a mentionable group chemistry o? Don t try to be a leader by yourself o? Rather try to be a spontaneous leader o? By the way what is group work and why to work in group? Islam, M. T. ttp//sites. google. com/site/kjatbd/ Evaluation Report antecedent u What to write about? o? Theme of the report You want to introduce a new venture in your area. Before you take the final decision you like to check the different aspects of the proposed venture. Write a formal report about those different aspects following the formalities in report writing. o? You can include whatever you want based on your imagination or the real life facts o? You will be graded based on your communication potential and your compliance with t he report writing formalities We shall discuss different formalities of report throughout the course Islam, M. T. http//sites. google. com/site/kjatbd/ Evaluation Some Points to Mind q Some Points to Mind o? In group works you will be graded individually, but your group chemistry contributes to your earnings o? Never be a sleeping member o? In case of presentation Quality of the presenter Quality of the presentation Quality of the presentation content Quality of the group works. ALL WILL BE CONSIDERED o? There is a probability that all group works will be followed by either viva or presentation be ready for that o? Each group will present one topic of the course will be detailed later on Islam, M. T. http//sites. google. com/site/kjatbd/ Evaluation Summary. q To brain for evaluation o? There would be no best of o? All would be converted in to 60 o? There is special treatment for class presence o? Honesty is extremely expected and dishonesty will be severely penalized In case of dishonesty you will be informed and your answer script will not be evaluated o? You must(prenominal) prove yourself or your group make me feel that you deserve the marks I would expect higher level maturity, integrity, creativity, and professionalism in all of your works Islam, M. T. http//sites. google. com/site/kjatbd/Class Presence+/Participation u Not class presence but class participation I might assign some marks for the participation and presence in class depending on the situation Maximum five marks would be given for this purpose Be in class in time if you dont want to miss the class Late coming is strongly discouraged Islam, M. T. http//sites. google. com/site/kjatbd/ Evaluation Grading eggshell q Grading Scale o? Grading Unless otherwise specified the grading policy is according to the UGC rules Islam, M. T. http//sites. google. com/site/kjatbd/ Teaching Method overall Approach q Overall Approach Approach o? Always we-we with win-win solution rater than I- we approach u Evaluation o? I never believe in the memorizing and vomiting in the exam o? You have a head up your shoulder you have to use that o? I want something original for you at the end of the course that would be the sole benefit for you and me o? Most importantly I want an honest and disciplined manner Islam, M. T. http//sites. google. com/site/kjatbd/ Teaching Method Contact q Contact u In the class o? You can stop me at any time in the class o? Please keep asking as long as you are not fully satisfied with a topic u Outside class ? put up me at emailprotected com o? I strongly suggest this one as I am pretty regular in mail please don t expect answer of your problem over cell or instantly u Course related communication o? At http//sites. google. com/site/kjcourses/ Islam, M. T. http//sites. google. com/site/kjatbd/ The Course Brief Summary q Brief Summary o? The course EMBA 501 Business Communication Three credit hour course o? Evaluation Continuous assessment of 60 marks Final exam of 40 marks o? Recommended book Business Communication by Lesikar, latest edition preffered o? Course Related communication At http//sites. google. com/site/kjcourses/ Islam, M. T. http//sites. google. com/site/kjatbd/ Use your head q Start thinking u What is very important is o? Use your head o? Don t bother about the head of Mr. Lesikar o? Use your head from the point where Lesikar stopped To become innovative To become successful To have or to secure an open mind Most specifically to earn good grade in the exam I never believe in memorizing and vomiting in the exam Islam, M. T. http//sites. google. com/site/kjatbd/ Any Question? u Coming up.. o? Course contents o? Basics of communication Islam, M.T. http//sites. google. com/site/kjatbd/ Course Islam, M. T. http//sites. google. com/site/kjatbd/ The Course Contents No Topics 01 Basics of communication 02 Introduction to communication, types of 03 Verbal Communication 04 Culture and communication 05 Non v erbal communication 06 Technology and communication 07 General letters and job related letters 08 Curriculum vitae 09 Memorandum 10 Long formal business report 11 Research proposal communication, mediums of communication Contents are subject to change http//sites. google. com/site/kjatbd/ Islam, M. T. Course Contents u Basics of communication Defining communication Types of communication Why to read communication at all? Actors in communication u Verbal communication Informal oral communication Formal oral communication Technology in the oral communication Islam, M. T. http//sites. google. com/site/kjatbd/ Course Contents u fluff cultural communication o? Difference in culture What is culture? What are the various dimensions of culture? How culture can influence the communication? u Non verbal communication Types Creativity in communication Islam, M. T. http//sites. google. com/site/kjatbd/Course Contents u Letters and memorandum Introduction to memorandum How to write memorandum Introduction to letters How to write formal letter ? Job related letters u Long Formal Business Report Report writing Different aspects of report writing Islam, M. T. http//sites. google. com/site/kjatbd/ Course Contents u Curriculum Vitae CV and Resume Writing CV and resume u Research Proposal Various elements of research proposal How to write a research proposal Islam, M. T. http//sites. google. com/site/kjatbd/ Course Contents Presentation u Presentation One/two group presentation(s) would be followed by after the completion of each topic. After the formation of group we shall fix who presents what What you do is ? You prepare slides ? You simply summarize the topic ? Others question you ? But you don t present or copy my slides Islam, M. T. http//sites. google. com/site/kjatbd/ Something missing? u Yes, its WRITING o? This is one of the most important aspects of communication o? Because of the greater importance of the topic we shall not study this a s one single topic o? Rather we shall talk about writing throughout the whole course under various topics o?Try to grab any materials on writing from any root system for the betterment of you Islam, M. T. http//sites. google. com/site/kjatbd/ Any Question? u Coming up.. o? Basics of communication Islam, M. T. http//sites. google. com/site/kjatbd/ Basics of Islam, M. T. Communication http//sites. google. com/site/kjatbd/ Basics of communication q Contents of the topic o? What is communication? o? Different aspects of communication Actors/components in the process Mediums Methods Constraints etc. o? Why communication to read formally? o? Communication in the business place o? Summarizing the topic Islam, M.T. http//sites. google. com/site/kjatbd/ No me-you, always we-we Speak up Try to communicate in the class Your participation will be counted Islam, M. T. http//sites. google. com/site/kjatbd/ What is communication? What does communication mean to you? Any idea? Islam, M. T. http//sites. google. com/site/kjatbd/ De? ning communication u Communication defined o? Communication is the process of sharing our ideas, thoughts, and feelings with other people and having those ideas, thoughts and feelings understood by the people we are communicating with u Components in communication process o? Message sender o?Message receiver o? Message itself o? Medium o? Method o? dissension etc. Islam, M. T. http//sites. google. com/site/kjatbd/ Key features in communication u Communication is successful when the message is received as the same one that has been sent Therefore understanding is the key element u It s a both way process which is continuous Islam, M. T. http//sites. google. com/site/kjatbd/ Methods of communication q Methods in communication o? Verbal o? Written o? Electronic o? Audio o? Visual o? Meetings o? Notice board o? schoolbook Islam, M. T. http//sites. google. com/site/kjatbd/ Mediums of communication qMediums in communication o? Letters o? Memo o? Reports o? Fax o? Telephone o? e-mail o? o? o? o? o? Notice board Internet Video/video conferencing Body language Face to face Islam, M. T. http//sites. google. com/site/kjatbd/ Which medium to use? q Available mediums o? Letters o? Memo o? Reports o? Fax o? Telephone o? Email o? Notice board o? Internet o? V i d e o / v i d e o conferencing o? Body language o? Face to face q Choice of medium is affected by u Need for record u Direction of the information flow u Number of people to be reached u Confidentiality u Nature of the informationlength, complexity, emergency need uCost of the medium etc. Islam, M. T. http//sites. google. com/site/kjatbd/ Why communication fails? u Did any of your communication failed? u How did that happen to you? Was that just miscommunication or lack of understanding? Islam, M. T. http//sites. google. com/site/kjatbd/ Constraints to successful communication q Internal o? Fatigue o? Poor listening skills o? Poor communication skills o? Attitude t oward the sender or information o? Mistrust o? Fear o? Past experience o? Halo effect o? Perception Islam, M. T. http//sites. google. com/site/kjatbd/ Constraints to successful communication q international o?Noise o? Distractions o? Technical problems (email, internet, phone service) o? Time o? Environment Islam, M. T. http//sites. google. com/site/kjatbd/ Why to read communication? u Information is power and basis for almost all success stories o? But.. Information gathering and processing matters demand learning of communication Communication skills helps one to ? Gather and process information properly and in time ? Solve problem easily through improved decision making ? Work in a team effectively and efficiently Information must be communicated in a proper way so ? Communication capability works ?Communication in professional life requires something different than the usual communication practice Islam, M. T. http//sites. google. com/site/kjatbd/ Why to read communicatio n? q Careers in communication o? In Bangladesh still a narrow one and not recognized yet o? But in developed part of the formal preferably recognized o? Because of specialization practice a good prospect is waiting ahead Examples include customer service, tourism, government administration, advertising, media, and event management etc. Islam, M. T. http//sites. google. com/site/kjatbd/ Communication in business q Business Communication ? Transferring information from one part of the business to some other that leads to some outcome, changed behaviour or changed practice It can be formal or informal, upwardly or downward Islam, M. T. http//sites. google. com/site/kjatbd/ Communication in business Finance Dept Change in payment systems E-mail Sender or Instigator Channel Medium Feedback telephone receiver Islam, M. T. http//sites. google. com/site/kjatbd/ Types of communication u Communication can be of different types considering the situation. Some of them are here Formal and informal Upward and downward Internal and external uHowever we are basically concerned of the overall classification of communications Verbal presentation, audio, voice message, face to face etc. Non verbal written, letter, memorandum, report, email, fax etc. Islam, M. T. http//sites. google. com/site/kjatbd/ Barriers to successful communication in business q Barriers to Successful Communication o? Ability of the sender how much the sender understands of the message they are trying to send o? Content including technicalities and jargon o? Method of communication including style and body language where appropriate o? Skills and attitude of the receiver o?Organisational factors complexity of the institution, scope of the organisation o? pagan attitudes o? Perceptions, prejudices and stereotypes o? Inappropriate target for the message o? Technical capabilities ICT Islam, M. T. http//sites. google. com/site/kjatbd/ Communication Islam, M. T. Workplace http//sites. go ogle. com/site/kjatbd/ Workplace Communication u By workplace communication we actually mean business communication o? Business communication Transferring information from one part of the business to another that leads to some outcome, changed behaviour or changed practice It can be formal or informal, upward or downward Scope of the business communication includes all the business activities corporations involve themselves Islam, M. T. http//sites. google. com/site/kjatbd/ Communication in the workplace u Importance of communication Business needs it extensively because of expanding need of coordination, effectiveness, and might Specialization has make the field of communication a recognized one But unfortunately most people don t communicate well u Coordination, effectiveness, and efficiency Think about Unilever Information flows in the company Islam, M. T. http//sites. google. com/site/kjatbd/ Major forms of business communication q Two major types of communication in wo rkplace u Operational o? According to operational plan, to attain some goals or to handle some situations to convert them in favor o? Again two types are here Internal operational communication ? Communication among the people inside an organization ? To perform the main business activities ? These are kind of routine business activities like instructions from the teammates ? Computer and intranet are two major technology being used External operational communication ? Communication with the people that are outside of the organization ? It helps company to develop a better image ? Communication with suppliers, public relations activities etc. Islam, M. T. http//sites. google. com/site/kjatbd/ Major forms of business communication u Personal o? Not according to operational plan, simple one to one or one to many communication in an organization Examples can be personal communication, gossiping, joking, story telling, communication sitting at the company dining room etc. o? Can be an outstanding source of innovation Innovation ? What and why? ?What are the alternatives in case you cant innovate? o? Will you allow this kind of communication while it costs you? Does it cost? How? How much? Islam, M. T. http//sites. google. com/site/kjatbd/ Communication networks in organizations u Formal network A simplified form of information flow network transmits information in all directions (upward, downward, and lateral) These flow is defined formally u Informal network A quite complex information flow network mainly based on personal communication This is affected by individual s involvement and membership in various groups and entities Islam, M. T. ttp//sites. google. com/site/kjatbd/ Upward/downward/lateral communication u Upward communication Communication that originate from the bottom of the organization and heading to top of the organization u Downward communication Communication heading to the bottom of the organization after being originated at the top u Lateral communication This is the communication in between people in the same level or group Islam, M. T. http//sites. google. com/site/kjatbd/ A situation to react q Some organizations are quite central in decision making. All the decisions are coming from the top of the organization o?Does that mean that in those organizations there are not upward communication? o? If there are any kind of upward communication in those organizations, would there be any difference in decision making? o? Are there any difference at all in between communication and decision making? Islam, M. T. http//sites. google. com/site/kjatbd/ How much to communicate? q Does all the sender send full message? u Unfortunately NO o? What do you do when you communicate? You communicate fully? Why or why not? o? What does the companies do in Bangladesh? Give some examples o? How much a company should disclose? Can a company disclose all at a certain time? o? Remember the negative effects of incomplete message is sometime dangerous Also mark the gap between company cant disclose and company does not disclose Islam, M. T. http//sites. google. com/site/kjatbd/ Communication process u Sender sends the message Sender prepares the message and decides on the methods and mediums He/she sends the message u Message in the sensory man Once the message is sent, its in the world of lots of other messages along with noises Messages waits to be detected Islam, M. T. http//sites. google. com/site/kjatbd/Communication process u Message is detected o? Receiver detects the message o? Based on the ability to decode receiver decodes the message o? How much of the original message will be detected depends on lots of factors including Noise Past experiences Knowledge Perceptions, prejudices, stereotyping o? The message may not get the original shape Islam, M. T. http//sites. google. com/site/kjatbd/ Communication process u Giving meaning to the message Receiver gives meaning to the received mess age Once again it depends how he/she will give meaning to the message u Reply is sent Receiver replies to the sender This is called feedback which makes the whole process continuous But not necessarily reply is always sent ? How would you feel in that case? ? Why feedback is so important? o? The process continues Islam, M. T. http//sites. google. com/site/kjatbd/ Oral vs Written communication q Oral vs Written Written communication is likely to include more creative efforts Written communication is normally lengthier than the oral communication Written communication usually involves a limited number of cycles Islam, M. T. http//sites. google. com/site/kjatbd/ Some facts of communication Meanings sent are not always received No two minds have identical filters But closer the meaning more success are gained What can you do to bring the more synergy? u Meaning is in the mind Meaning comes up from mind rather than words or symbols used What to do? u The symbols of communic ation are imperfect Symbols dont have unique meanings Meaning of symbols varies to receiver nodding Across culture symbols have different meanings Islam, M. T. http//sites. google. com/site/kjatbd/ q Thank You q Any Question? Islam, M. T. http//sites. google. com/site/kjatbd/Business CommunicationThe company started the operations for the form 2008-09 on a very positive note and later registered negative growth in the last quarters of the course of instruction. The company suffered major losses in the year and approached the bank for additional term loan of three crores and 50 lakhs. The trial production of the new perfume is successfully completed and commercial production will commence as early as possible this year Mr.Riktesh Khanna ,the Quality manager will not be able to review the execution of the product trails before the launch of the product . According to marketing head of south india the unanimity of the current forecasts is not an incontrovertible evidence of im pending business acceleration . The survey stating the ambiguous nature of the market is another reason, which calls for another look at the new product launch and appears that the product has to be postponed indefinitely.The company conducted a review meeting for the workers who are on strike for the last three months , the HR manager decided that the management should take a openhearted and linient action on the workers and those who did not attend the meeting will be dealt seriously according to IAC 37,inorder to maintain the sanctity of office and uphold the hoary traditions . Theapprehensions set about by the workers during the strike period are that they are not able to set realistic goalsand arrive at rational and reasonable decisions in terms of wages and benefits offered by the company.This is because workers have minimal exposure to outside world and more external influences. while the other reasons are frustration and stress to the workers and their family, ill-conside red self appraisal ,negative feedback by the representatives of trade union. HR manager should propose counsellors to orient them to companys policies and ethos and should allocate sufficient funds for this purpose. The project report on the new project was due yesterday. Since the completion of the report is very important for our organisation to achieve the strategic plan by launching the product successfully. Submit the report before 5 pm tomorrow.Business CommunicationThe company started the operations for the year 2008-09 on a very positive note and later registered negative growth in the last quarters of the year. The company suffered major losses in the year and approached the bank for additional term loan of three crores and fifty lakhs. The trial production of the new perfume is successfully completed and commercial production will commence as early as possible this year Mr.Riktesh Khanna ,the Quality manager will not be able to review the performance of the product trails before the launch of the product . According to marketing head of south india the unanimity of the current forecasts is not an incontrovertible evidence of impending business acceleration . The survey stating the ambiguous nature of the market is another reason, which calls for another look at the new product launch and appears that the product has to be postponed indefinitely.The company conducted a review meeting for the workers who are on strike for the last three months , the HR manager decided that the management should take a sympathetic and linient action on the workers and those who did not attend the meeting will be dealt seriously according to IAC 37,inorder to maintain the sanctity of office and uphold the hoary traditions . Theapprehensions faced by the workers during the strike period are that they are not able to set realistic goalsand arrive at rational and reasonable decisions in terms of wages and benefits offered by the company.This is because workers have minimal exposure to outside world and more external influences. while the other reasons are frustration and stress to the workers and their family, incorrect self appraisal ,negative feedback by the representatives of trade union. HR manager should appoint counsellors to orient them to companys policies and ethos and should allocate sufficient funds for this purpose. The project report on the new project was due yesterday. Since the completion of the report is very important for our organisation to achieve the strategic plan by launching the product successfully. Submit the report before 5 pm tomorrow.

McDonough’s Purpose in Writing the Book

Of all of the events in American history, few would argue that the Civil state of war is the closely debated, written about and discussed event. art object it is beyond the scope of this research to pinpoint the all of the reasons why the Civil War still captures the imagination of diachronic scholars to this very day, but it is possible to count one of the many books written on the topic and provide a thorough review. In this research, Shiloh-In Hell onward Night by James L. McDonough willing be the work reviewed from several different vantage points. McDonoughs Purpose in Writing the Book.It would be easy to simply say that McDonoughs exercise in writing his book was to depict the people and events of one of the bloodiest battles of the Civil War, which took place in the Tennessee Valley on April 6, 1862, when hundreds of thousands of Union and Confederate troops clashed, fought and died (McDonough, 1977). Upon a closer reading of the work, however, a larger purpose be perp lexs apparent. Within the pages of the book, McDonough uses the writing look of the great fiction writers of all time to create an historic count on that reads like a novel.Moreover, through the use of quotes from many of those who were involved in the battle, these people come back to conduct in a way and enunciate their own story, lending credibility and accuracy to the work. The Main Argument of the Work James L. McDonoughs main argument in this work is that the Civil War was not just a series of battles, wins and losses, but rather was a struggle for opposing people to try to direct a way of smell for everyone to follow. He does this by using actual quotes from the main individuals involved in the battle of Shiloh which show how they felt and what lengths they would go to in order to go down forth those beliefs.Was the Goal of the Book Accomplished? Generally speaking, the goal of the book was accomplished in that McDonough was able to make the point that even in defeat, a t that place is honor to a certain extent, and also that the cause of the Confederate States of America was as much a commitment to the preservation of a way of life that had existed for generations and hundreds of years as much as it was a fight to break away from a government that was seen as oppressive and dictatorial.McDonough, in his vivid characterizations and period style, makes the point that even when a decisive victory is not gained, even the act of fighting for ones beliefs is in itself a form of victory. By doing this, McDonough shows that the Civil War was a far more complex event in American history than simply two sides fighting to win battles.This most certainly contributes to the ongoing fascination with the Civil War that was mentioned as this research began, and it is authors like McDonough that both satisfy the readers thirst for more training about the Civil War and sparks additional interest at the same time, which is quite a feat for any book about any histo ric period. Strengths/Weaknesses of the Book In fairness, McDonoughs book has its share of relative strengths and weaknesses which became clear in reading the book and are worthwhile to present and discuss in this review.An overall strength of the book which became apparent from the very first paragraph was the realization that this was not the usual, dry historic text. Rather, McDonough took on a narrative style that made the presentation of the necessary elements of any historic account something that the reader would in fact look forward to reading, and as such, the more that was read, the more that was learned. In this sense, it could also be cited as a strength that this book serves to educate, as well as entertain the reader. Weaknesses also exist in the book.Understandably, McDonough wrote the book from a southern point of view, and while there is no way to ethically change the result of the battle- a Confederate retreat which can fairly be seen in retrospect as a defeat- it is fair to say that McDonoughs narrative style and attempt to make the key players in the battle come to life tends to glorify even those who ultimately failed to perform up to standards in the battle, and of course, in the end, were not victorious. This is not to say that McDonough distorted any facts, but he did tend in some ways to over dramatize unsuccessful leaders like Beauregard and others.Is McDonoughs Book a Valuable Contribution to the require of the American Civil War? In conclusion, the remaining point to be discussed is whether or not McDonoughs book is a valuable contribution to the tuition of the Civil War. The point has already been made that the book is able to both provide information and spark a desire to learn more, all in an entertaining and vivid style. Also, it was discussed that McDonough was able to convey something far beyond history- the mindset and tradition which led to the Civil War and inspired thousands on both sides of the mesh to make the ultimat e sacrifice for their beliefs.Based on all of this, it can fairly be said that this book is a valuable study of the Civil War, for anytime that facts and figures from the yesteryear can be brought to life and spark the imagination of the reader, the work is most worthwhile, and this work is no exception. Therefore, in closing, let it be said that Shiloh-In Hell before Night, decades after its publication, is still deserving of high continued review. Works Cited McDonough, James Lee. 1977. Shiloh In Hell before Night. Knoxville University of Tennessee Press.

Equal Employment Opportunity History and Laws

Running head meet duty Opportunity History and Laws Equal use of goods and services Opportunity History and Laws Nickki LaCour Grand Canyon University AMP-434 Human Resources celestial latitude 1, 2011 Equal Employment Opportunity History and Laws Many of us have heard of or have been made aware of the phrase Equal Employment Opportunity (EEO). But how many of us genuinely comprehend the criterion of EEO and why it subsists? Equal Employment Opportunity laws are designed to give both workers neat consideration on the basis of job performance rather than any irrelevant personal factors.These laws are in place in site to prevent bias, prejudice, bigotry, and inequity against anyone due to physical abilities, race, religion, gender, or age. EEO strives to assure that all applicants, male and female alike and all ethnic groups have a fair chance in the hiring process, in competing for advancement, and each employee must have the equal access to development probabilities. Equal Emp loyment Opportunity is based on par and it is encompassed by a series of statutes intended to proscribe workplace discrimination.History In the 1960s, Americans anticipated on the President, Congress, and the courts would implement the pledge of the 14th Amendment. In June 1964, the U. S. Senate passed the Civil Rights be active. virtually a month later the U. S. House of Representatives passed the bill and President Lyndon B. Johnson signed the bill into law. Equal Employment Opportunity was established by ennoble sevensome of the Civil Rights Act of 1964, but its purpose has been fashioned by more than a solitary part of legislation (Youth at Work, 2011).The requirements of this civil rights act would leave alone the government to make a set of laws to help end discrimination on the basis of gender as well as nationality in purpose, advancement, and dismissals. These laws became a self-governing body making it a key component in dealing with unfairness issues. Since its cre ation, Congress has progressively made other authorities useable such as investigatory mandates, setting up programs to bring disputing sides together, filing lawsuits, and managing charitable support programs (National Archives, 2011).Major EEO Laws form of address septenary and Pregnancy favoritism Act Title VII makes it prohibits discrimination against anyone on the grounds of race, color, religion, national origin, or sex. The Pregnancy Discrimination Act is an amendment to Title VII. This law makes it illegal to single out women because of pregnancy, childbirth, or for any medical condition that may be related to pregnancy or childbirth. It is intended to protect female employees or prospective employees from being laid-off from a job or being passed over for promotion due to motherhood.In addition, Title VII also makes it necessary that employers reasonably allow for the religious practices of their employees, unless doing so would conflict with the needs of the business or cause adversity in the workplace (Laws Enforced by EEOC, 2011). Equal hold Act of 1963 (EPA) The Equal Pay Act forbids gender discrimination in the form of wages paid to men and women doing the same type of work, in occupations that call for the same aptitude and accountability, with parallel working conditions, in the same organization (EEO is The Law, 2011).The Age Discrimination in Employment Act of 1967 (ADEA) The Age Discrimination in Employment Act of 1967, as amended, protects applicants and employees 40 years of age or older from discrimination based on age in hiring, promotion, discharge, pay, fringe benefits, job training, classification, referral, and other aspects of employment (EEO is The Law, 2011). Title I of the Americans with Disabilities Act of 1990 (ADA) Title I ADA forbids employers from discriminating against an experienced applicant with a disability in the private components of society and in civic and local governments.It also calls for employers to accomm odate the bodily or psychological boundaries of a competent person with a disability who is an candidate for employment or a current staff member, unless providing modifications to the workplace would cause difficulty in the function of the company (Laws Enforced by EEOC, 2011). Sections 102 and 103 of the Civil Rights Act of 1991 The Act authorizes compensatory and punitive damage in cases of intentional discrimination, and provides for obtaining attorneys fees and the possibility of jury trials.It also directs the EEOC to expand its technical assistance and outreach activities ( national EEO Laws, 2011). Sections 501 and 505 of the Rehabilitation Act of 1973 This act is much like the ADA, the only passing is that the Rehabilitation Act is that it focuses on the federal government. The Rehabilitation Act of 1973 was the first rights legislation to prohibit discrimination against people with disabilities.However, this law applied to programs conducted by Federal agencies, those re ceiving federal funds, such as colleges participating in federal student loan programs, Federal employment, and employment practices of businesses with federal contracts (The Rehabilitation Act of 1973, 2011). Section 501 demands favourable action and bans discrimination in employment by Federal agencies. Section 505 includes steps managing solutions and attorneys expenditures under Section 501 (The Rehabilitation Act of 1973, 2011). The Genetic Information Nondiscrimination Act of 2008 (GINA)GINA makes it against the law to discriminate against employees or applicants because of genetic teaching. Genetic information includes information about an individuals genetic tests, genetic tests of an individuals family, information related to any disease, dis suppose, or condition of an individual or their family members (Laws Enforced by EEOC, 2011). The Influence of EEO Of all the influences, the direction and limitations imposed by Congress and by the Administration in power explain th e major changes in EEOCs enforcement operations over time.Thus, conciliation, education, outreach and technical assistance were the primary methods employed by EEOC at its lineage because that was what the law permitted (35 Years of Ensuring the Promise of Opportunity, 2001). The focus today is more on accomplishing an incorporated tactic that connects events in a diplomatic way in come out to allocate the latest ground-breaking programs like ways to settle conflicts, such as arbitration. Arbitration is quickly becoming a successful resource in adjudicate debates. Equal Employment Opportunity also stresses an individual victim approach.This area of EEO is designed to improve personal damages involving one or more people. on that point is also a need to tackle specific issues within the functioning of the agency (35 Years of Ensuring the Promise of Opportunity, 2001). Impact of Title VII Title VII brought about the whole idea of affirmative action. Affirmative action deals with t he guidelines that delve into race, color, religion, gender, or national origin. Each group is taken into consideration in order to benefit them, typically as a means to counteract the consequences of a record of discrimination.The impact of affirmative action is it has made certain that minorities are include in all programs, it aids in paying compensation for past acts of inequity, maltreatment or abuse, and it handles current claims of unfairness. This basically means that more jobs should be unattached to all races. Impact of the Equal Pay Act of 1963 (EPA) This act was established to assist women in receiving the same pay as a man doing the same job. Women may be pull togethering more and have gained more lucrative positions, but even today women still earn less than men. In 2007, womens median one-year paychecks reflected only 78 cents for every $1. 0 earned by men. Specifically for women of color, the gap is even wider In comparison to mens dollar, African American women earn only 69 cents and Latinas just 59 cents (National Organization for Women, 2011). There has been no real impact from this act unless earning better positions with less pay is an impact. Impact of GINA GINA prohibits employers from gathering, disclosing or otherwise using a persons medical or genetic history to dismiss or discriminate against them. The reason the law was validate was to dispel panic about the misuse of personal medical information. ConclusionPlease keep in mind, with these laws in place it is illegal to retaliate against an employee or candidate for employment for filing a claim. If you or someone you know has been discriminated against please contact your nearest EEO office or call 1 800 669 4000. In conclusion, Equal Employment Opportunitys strongest point has always been its ability to rise to any occasion. As time continues to pass EEO should continue to exemplify its core values of compare for all, efficacy and competence, making certain that it always sta nds as the nations foremost civil rights enforcement agency.References Equal Employment Opportunity is The Law (2009). Retrieved November 22, 2011, from http//www. eeoc. gov/employers/upload/eeoc_self_print_poster. pdf Federal Laws Prohibiting Job Discrimination Questions and Answers Federal Equal Employment Opportunity (EEO) Laws. Retrieved November 22, 2011, from http//www. eeoc. gov/facts/qanda. html National Archives Equal Employment Opportunity Program. Retrieved December 1, 2011, from http//www. archives. gov/eeo/laws/ National Organization for Women Women Deserve Equal Pay (2007). Retrieved December 1, 2011, from http//www. now. rg/issues/economic/factsheet. html The Rehab Act of 1973. Retrieved December 1, 2011, from http//www. bu. edu/cpr/reasaccom/whatlaws-rehaba. html U. S. Equal Employment Opportunity Commission Laws Enforced by EEOC. Retrieved November 22, 2011, from http//www1. eeoc. gov//laws/statutes/index. cfm? renderforprint=1 Youth at Work Timeline of Important EE OC Events. Retrieved December 1, 2011, from http//www. eeoc. gov/youth//history. html 35 Years of Ensuring the Promise of Opportunity (2001). Retrieved December 1, 2011, from http//www. eeoc. gov/eeoc/history/35th/history/index. html

Manufacturers Inc. Compensation Stratagies Essay

Executive SummaryTo my fellow Human Relations co-workers, upper management, and monomania I imbibe been asked to shed together a tarradiddle of different ways we can compensate the employees we wee above and beyond their normal indemnify for the outstanding job they do . I pose be that there are in fact countless ways that we can compensate them however, I accept compiled a list of the ways I intuitive feeling would topper suit our connection. First there is the general pay raise/ bonus. With this we would emergence the pay that our employees receive however, there are drawbacks that would include our oerhead drastically change magnitude. Next I have looked at Phantom Stock Plans. These are for our long term employees and intend on staying with our accompany. These are agate lines that we stool them that mimic the authentic stock shares in our company without being real stocks. By doing this, the employee is motivated to help the company grow and profit, because they profit from this as well. I have similarly lookedinto Stock wonder Rights. These are also like the Phantom Stock Plans, however they are designed more for raw(a) conducts in that they have no initial monetary appraise. The value of them grows as the company grows however, they are not avail competent for the employee to cash in until a certain time, which the company would designate. Finally, I have bewildern a look at implementing a 401(k) retirement plan for our employees. I have gone over and explained what all needs to take infinite for us to implement this hire package for our employees, and how the 401(k) works. After extensive research, I have compiled a list of recommendations that I a sharing with the management and self-will of this company. These include the immediate incorporation of the 401(k) retirement plan, and the consideration of the PSPs and SARs into our employees benefits.IntroductionAs a member of the human resources department at Manufacturers inte rconnected I have been asked by my fellow human resources co-workers, as well as upper management, and ownership to put together a presentation on different types of compensation strategies and options. With these different types of strategies I have been asked to compare and contrast them to figure out which will be the best route for our growing company to pursue. Following my extensive research I have have sex up with some(prenominal) solutions that I believe may be very useful to our company. The offshoot type of compensation that I have come up with is the general pay increases in our employees hourly compensation. The next deals with different incentives that we may be able to offer them, and means by which our costs may not be as drastically affected. These two different stock shares allow the employee to have the benefits of owning stock in our growing company without us as a company actually giving out stock. They are essentially mock stocks that grow as our companys sto ck grows and becomes more profitable. The two different types of stocks options are Phantom Stock Plans and Stock Appreciation Rights. The final type of compensation scheme that I have researched is one that has to do with the future well-being of our employees when they decide it is time for them to retire. The retirement fund that I have researched is the 401(k) retirement fund plan. I believe that we as upper management and ownership should take part in the well-being of ouremployees, families, and their futures. I have put together a story of my findings for all of us to go over.Research FindingsFinding Number 1 Raises/ BonusesThe first strategy I have come up with is one where we increase monetary reward. Monetary rewards include salary, bonus, commissions, medical and health benefits, holidays, and retirement benefits. (SHR) Essentially we would be conducting performance reviews annually. A performance review is a meeting that we as upper management would have with each empl oyee to discuss the results of their work, and the process they went through with(predicate) to get done what they did. The discussion normally involves an assessment of the employees initiative, problem settlement abilities, attitude, professional demeanor, and other aspects of their performance. (Jenkins) After we have conducted the employee reviews, we would have a meeting with the floor managers from all three shifts to go over their opinions of how they feel each of their military force have performed through the year. At this time we would also get the opinion on who they feel could handle more responsibility, and who may have too often responsibility or may not be performing up to the companys standards. After we have had the meetings with both the employees and the managers, we will go through and give pay raises to those individuals we have decided are the most deserving. I believe that these raises should not solely be based on seniority, but on the feedback we have re ceived from the managers who work with the personnel every day.AnalysisThe downfall to this straight forward concept lies in that of its expenses. We are a company of over 120 employees. As of now our average employee collapses $12.75/ hour while working 40 hours a week. Now given this is an average, so some employees do make more than others, but if we were to give every employee we have a $.25 raise annually, that is an additional $62,400 expense that we would incur every year. As of now, not including upper management, we have an annual salary expense of $3,182,400. Additionally we must consider $120 , for every dollar that we decide to give in annual bonus. If we were to give out only $100/ employee in bonus, then thatwould accumulate to an additional $12,000/ year. If we are to give these raises and bonus annually, realistically this is not possible compensation strategy for our company to incur.Finding Number 2 Phantom Stock PlanThe second monetary compensation option that I have come up with is the phantom stock plan. These plans are something that are normally given to a companys most loyal and long term employees who put-on a key role in the success of the company. (Schiff) The concept behind a phantom stock program is our companys commitment to pay the employees we have chosen an amount equal to the value of a portion of the shares of the companys stock. (Moynihan, 2010) What this will do for our company as a altogether is the employees will take more interest in the company because they now have motivation to make our company grow. This is because they now are benefiting from the growth of the company in the way of the phantom stock plan. The phantom stock plan is normally structured so that the program tracks the economic benefits of actual stock ownership without giving up actual shares. (Moynihan, 2010)AnalysisThe upside to having a phantom stock plan is one in which it is not going to affect us immediately in our finances. In fact I see onl y upside to this plan. We are going to be able to control how much phantom stock we destiny to give the individuals. Now keep in mind that we do need to make it enough that the employee feels empowered so they take a major interest in the well-being of the company. The PSPs are just like real shares, so they are going to have a dollar value at the time they are designated. Because of this they are essentially designed for our employees who have been here awhile. This is designed to reward them for the work that they have done in the past, and to support them to continue to build the value of the company because it is not only benefiting the company, but also benefiting them. (McGladrey, 2011)Finding Number 3 Stock Appreciation RightsThe Stock Appreciation Rights or SAR is much like the Phantom Stock Plan however, there are some differences. When the SARs are first implemented, there are no values to the shares of stocks when they are first given, unlike the PSPs. (Fidelity) Instea d, SARs are based on fractional interestthat accumulates between the difference of the value of the shares value at the time they are awarded, and the value of the shares at a future settlement time.AnalysisBecause SARs are for the future benefit of the employee, these are something that we may insufficiency to consider for new employees in the company. (Fidelity) These for us in the future would pay out like the Phantom Stock Plans however, it does give us the financial protection in that the employee cannot cash in his or her SAR until a set date that we as a company have decided. With this, if the employee were to decide that they no longer worry to work for our company, and it is before the set date we have determined, then we are no longer obligated to pay that employee his or her SAR. Finding Number 4 The 401(k)Retirement PlanThe final compensation strategy I have explored outside of the normal salary of our employees is sponsoring a 401(k) program. The 401(k) program first came into effect in 1978. Congress decided that Americans needed a better way to save for retirement. They thought if they gave people a way to save more silver or retirement while lowering their state and federal taxes, that more people might do just that. (Obringer) With the 401(k), our employees will decide how much money they want to put into the account per month. We as the company would then make a payroll deduction and put that money into their personal retirement account. This is great for the employee, because the money that is deducted from their pay is not taxed, which in turn allows them to pay less in income tax. We then act as a plan sponsor for the 401(k). With this we then hire an administrator to take care of the plan and its investments. After we have set this up all we have to do is send the money to the administrator and they and the employee take care of deciding how it is invested. (CNN) As of 2012, employees are allowed to put up to $17,000 into their accoun t each year. With that, we as the company would also put profit sharing amounts into their account, up to what they have invested themselves. (What is a, )AnalysisIn turn, I believe that this would be a great way to help compensate the employees that we have here. For them its free money from us(Manufacturers Inc.) and it is portion them towards their retirement. The cost that it costs the company is up to the employee. As of 2012 an individual is able to designate up to $17,000 a year to this account. We have the choice to rival that 100% or whatever percent we decide to contribute towards their retirement.RecommendationsAs a member of the Human Relations department here at Manufacturers Inc. I would recommend the following Recommendation 1 Immediately implement a 401(k) retirement plan into action. For this I would suggest that we vigorously investigate what it takes for us as a company to start a 401(k) plan for our employees. Most people dont want to have to work for the rest of their lives, and by luck them out with their dreams of retirement we can help them get there quicker and give them something to work towards. As Harry Emerson Fosdick once said Dont simply retire from something have something to retire to. (Quotations retirement, )This is exactly what we should plan to do for our employees. Recommendation 2 Follow up on the subject of implementing PSPs and SARs The idea of having money out there available to you for the hard work that you have put in and are yet to put in is going to be a huge motivator. I believe that if we were to put these plans in action based off of peoples performances, then it would motivate them to be the best employee that they can be and this company needs the best employees we can possibly get.ConclusionTo finalize my findings, I have found that there are several different options of compensation strategies apart from our basic pay system that we could incorporate to help the employee morale and further the growth of our business. I have found that by increasing the pay to some of our key employees that we will incur a lot more expenses than we currently have the means for, however I have found that there are some better ways to compensate their hard work. I have found that the Phantom Stock Plan would be an outstanding way to further compensate the employees that have helped us grow to where we are now. By incorporating this plan, we can thank them for the hard work that they have put into our company already, and motivatethem to continue working hard in the future. This is going to benefit them, because as the value of our company grows, so does the value of their stock plans, helping them make more money for their retirement. I have also found that Stock Appreciation Rights would be a great way to compensate our new employees. By incorporating this plan, it will give our new employees extra motivation to work hard and take pride in the work that they perform for us here. By having stock appr eciation rights, it allows them to build value in the stocks that we have given them as our company grows with their hard work. This in turn will allow them to have extra money on top of what they have already made with their salaries through their stock appreciation plan.Finally I have found that a 401(k) retirement plan is a fantastic way to compensate all of our employees. By doing this, it allows our employees a chance to save money for retirement tax free. It also allows them to get extra Free Money from us as we match what they are saving for their retirement. By doing this it is going to build loyalty towards our company, and give them motivation to work hard and further the growth of our company.ReferencesCNN. (n.d.). How does a 401(k) plan work?. Retrieved April 7, 2012 from http//money.cnn.com/retirement/guide/401k_401kplans.moneymag/index.htm Fidelity. (n.d.). About stock appreciation rights (sars). Retrieved April 7,2012 from http//personal.fidelity.com/products/stockopt ions/aboutsar.shtml Jenkins, L. (n.d.). The performance review. Retrieved April 4, 2012 from http//www.salary.com/the-performance-review/ McGladrey. (2011). Lessons from recession increasing focus on incentive compensation programs. Retrieved April 6, 2010 from http//mcgladrey.com/Perspective/Lessons-from-recession-increasing-focus-on-incentive-compensation-programs Moynihan, D. (2010). Phantom stockits alive. Retrieved April 6, 2010 from http//www.shrm.org/hrdisciplines/compensation/Articles/Pages/PhantomStock.aspx Obringer, L. (n.d.). How 401 k plans work. Retrieved April 7, 2012 from http//money.howstuffworks.com/personal-finance/retirement-planning/401k.htm Quotations retirement. (n.d.). Retrieved April 8, 2012 from http//www.quotegarden.com/retirement.html Schiff. (n.d.). Phantom stock