12/30/2019 0 Comments First Session Presentation Essay Example | Topics and Well Written Essays - 1000 wordsFirst Session Presentation - Essay Example Firm and clear corporate legislation can do much, but so can the 'softer' principles that invest our understanding of ethical dealing, and enhance the quality of human relationships. Good governance enhances stakeholder value, company morale, and productivity. The overall significance of corporate governance is that ethics must start at the top, and be constantly fostered there. Without ethical leadership there will be no ethical following. Openness should be the main point in corporate governance. Secret deals, the 'old-boy' network, family collusion, and power broking are often seen to be inimical to good strategic management. That openness might breach commercial secrecy may be true but it is argued here that, apart from commercial secrecy or national security, the strategic plans and commercial tactics belong to all stakeholders. Openness is the long-term goal of commercial stability. A high-integrity ethical code also supports the reputation of WJI. The use of an ethical code goes beyond specifics, and addresses a broader range of conduct in that it shows a commitment to good citizenship (Schuler, 1998). There is agreement that values and beliefs greatly influence organizational attitudes and behavior which form organizational culture. To a significant degree, values, beliefs, and attitudes govern behavior and decision-making activity in organizations. It is through shared values and beliefs that organizational culture impacts organizational behavior and, hence, effectiveness (Cairns, 2003). The key issues of culture will include open and proper financial reward for work done. The notion of tipping for some special reason has been common, but not all that common. Among such are the notion of collective responsibility, attitudes to women, judgments about body shape, usury, secret commissions, and loyalty-to-family over loyalty-to-principle. Among the important themes on business ethics and culture are those of the need to resolve issues of values in relation to different cultures, and to try to find principles that transcend culture; and the need to find means of teaching, encouraging and enforcing an ethical code in business. Corporate ethics will shape culture and affords an opportunity to discuss and resolve these human values in a non-threatening frame of reference. In a world of increasing prospects of cross-cultural contact there is a perceived need for a guide to human behavior that is minimally culture bound (Robbins, 2002). Organizational Structure Culture and structure must both be appropriate to provide successful innovation. Structure is the easier to change, being relatively changeable in the short term of a decade or less while culture may take centuries to change. WJI is based on a matrix structure which better fits the consulting nature of the firm. The capture of the matrix and its conversion into a space of regulation is easily demonstrated by recourse to any contemporary use of the notion of a matrix as the ordering principle for ideas, locations, positions and so forth. The matrix structure helps WIJ to perform the main tasks quickly and effectively (Robbins, 2002). The most important is that the level of errors and faults are lower than before. WIJ first corrected the structure before the establishment of innovation has a chance to result in a prospering economy. It
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12/12/2019 0 Comments Walt Whitman :: essays research papersMysticism, Democracy, Individuality&Personality The 1881 publication of the Leaves of Grass contained more than twenty-four poems, which were reasonably filled with ten or more diversified types of themes. Walt Whitman the author and compiler of this exceptional work changed the status of poetry writing through his utilization of thought and expression in the publication of the Leaves of Grass. Ralph Waldo Emerson, a collogue and admirer of Walt once spoke this of him '…Whitman, that Sir, is a strange case, a case unknown to any of us, unless we should stumble upon him at church one day…';(Chase 142). A prevalent subject in all of Whitman's poetry is his use of the Divine Soul (god), which tends to explicate that Whitman was a very strong believer in his religion. Whitman use of themes discusses his own individuality and personality; he wanted to explain the democracy of America, and its achievements, while giving poetical thought to the great mysteries that plagued mankind of his generation. Â Â Â Â Â The human self was comprised of physical and spiritual annex which both contained a self and soul as was characterized by Whitman. The self that Whitman spoke of was a man's own individual identity, which has a distinct quality and being, different from the selves of other men, but could be utilized to identify other men. The soul is another type of identity of mankind, which finds its niche in a human, and begins to amplify its personality. This self and soul that embodies every man on this celestial body is a portion of the divine soul also known as god. Whitman's use of these two elements led him to a closer path towards god, as he once said '… A man, who finds himself, is I the way of coming closer in contact with god…';(Whitman 104). Some critics confuse Whitman's use of self and soul to be egotism through his use of the pronoun 'I';, but he uses 'I'; as a universal, a part of the angelic world (God), and therefore he is not an egotistical man. Â Â Â Â Â Whitman had a deep faith in the democracy of America because this political form of government respected the individual. He believed that the United States was best expressed through the common citizen, not the executive branch or the legislature. Another belief of Whitman is that in democracy, the common person had a deathless attachment to freedom. This attitude of Whitman could be traced back to the Enlightenment of the 18th century, where he thought that all evil dwelled in the oppressive social institutions, not in the naive human mind. Walt Whitman :: essays research papers Mysticism, Democracy, Individuality&Personality The 1881 publication of the Leaves of Grass contained more than twenty-four poems, which were reasonably filled with ten or more diversified types of themes. Walt Whitman the author and compiler of this exceptional work changed the status of poetry writing through his utilization of thought and expression in the publication of the Leaves of Grass. Ralph Waldo Emerson, a collogue and admirer of Walt once spoke this of him '…Whitman, that Sir, is a strange case, a case unknown to any of us, unless we should stumble upon him at church one day…';(Chase 142). A prevalent subject in all of Whitman's poetry is his use of the Divine Soul (god), which tends to explicate that Whitman was a very strong believer in his religion. Whitman use of themes discusses his own individuality and personality; he wanted to explain the democracy of America, and its achievements, while giving poetical thought to the great mysteries that plagued mankind of his generation. Â Â Â Â Â The human self was comprised of physical and spiritual annex which both contained a self and soul as was characterized by Whitman. The self that Whitman spoke of was a man's own individual identity, which has a distinct quality and being, different from the selves of other men, but could be utilized to identify other men. The soul is another type of identity of mankind, which finds its niche in a human, and begins to amplify its personality. This self and soul that embodies every man on this celestial body is a portion of the divine soul also known as god. Whitman's use of these two elements led him to a closer path towards god, as he once said '… A man, who finds himself, is I the way of coming closer in contact with god…';(Whitman 104). Some critics confuse Whitman's use of self and soul to be egotism through his use of the pronoun 'I';, but he uses 'I'; as a universal, a part of the angelic world (God), and therefore he is not an egotistical man. Â Â Â Â Â Whitman had a deep faith in the democracy of America because this political form of government respected the individual. He believed that the United States was best expressed through the common citizen, not the executive branch or the legislature. Another belief of Whitman is that in democracy, the common person had a deathless attachment to freedom. This attitude of Whitman could be traced back to the Enlightenment of the 18th century, where he thought that all evil dwelled in the oppressive social institutions, not in the naive human mind. California Clinics - Essay Example
This will in turn increase the required rate of return. ii) Time Preference for Consumption: If people choose to consume their income now rather to save, this will reduce the supply of investment capital oblivious to the demand of investment capital at that time. In this conditions, the firm's will find lesser sources lending investment capital and they try to attract more investment capital by offering them higher interest rate and this will again increase the required rate of return from the investment following the higher rate of interest that these firms will be offering. Similarly, if people decide to save now and spend later, this will lead excess supply of investment capital in the market. The firms here will be able to obtain investment capital at lower rates and will enjoy decreased interest expenses. Some projects that were not feasible because of high interest rates in the market will now become feasible and firms will borrow more. However, due to excess investment capital available in the market, the interest rate will decrease and so as the required rate of return. iii) Risk: Risk requires compensation and likewise it will affect the interest rate of capital of investment. If the risk of an investment is high, then the investors will only be willing to invest in that project at very high interest rates. ... iii) Risk: Risk requires compensation and likewise it will affect the interest rate of capital of investment. If the risk of an investment is high, then the investors will only be willing to invest in that project at very high interest rates. If the risk of a certain project is low, then the investors will be investing in that project at lower rates of return and interest rate. Hence, we can develop a relationship between interest rates and the risk of a project. These two variables are directly related with risk being the independent variable and interest being the variable depended upon risk factor of a project. Any increase in the risk factor is going to increase the interest rate or required rate of return of a project. Similarly, if the risk factor of an investment is low, so will be the interest rate. This clearly shows that risk requires compensation and interest rates vary depending on the risk factor of a project. A logical explanation to this is the fact that very few people are interested in investing in highly risky project fearing that they may lose out their money. As a result, the supply on investment capital is very low for these projects and vice versa. Inflation: Inflation reduces the purchasing power of money. It erodes the purchasing power of people if their money is not invested into projects yielding interest rates which are at least equal to the going rate of inflation. If the interest rate earned is less that inflation, then you are losing out the real value of your money. This means that it won't be able to buy in the future, as much as it buying now. This is a dangerous situation for investors as they are faced with a situation in which the real value of their assets is decreasing. In times of inflations, |