Office Manager and Building Teamwork - 534 Words

The Front Office Manager oversees the Front Office Team which is the direct connection between the Guest, hotel, and the extensive departments within the hotel. The coordination of reservations and room assignments in addition to orchestrating valet and concierge staff help to complete an effective team approach in providing superb Guest service. Communication and teamwork are paramount in providing the Guests with an excellent experience. Guest impressions drive the success of the Hotel; as pointed out in Hcareers by Angela Rose, â€Å"Make a good one, and the average satisfied customer will tell three other people about your establishment. Make a bad one, and they will tell eleven.† â€Å"You never have a second chance to make a first impression.† According to Employer of Choice, Inc., CEO, Joyce Gioia, â€Å"The Front Desk is your front line for guest services.† This is why it is imperative for the Front Office Manager to train and lead staff to always conduct themselves in a way that continuously allows the Guests to feel welcome making their check in process and stay a unique and positive experience. The performance of the Front Desk personnel sets the stage for the entire Guest experience. Working together as a team is what enables staff to provide the best possible experience for the duration of their stay. The Hotel Institute points out the cornerstone of our success is derived from employees and guests alike reminding, â€Å"All employees and guests must be treated withShow MoreRelatedTeaching Accounting And Finance At The Success Of The Organization858 Words   |  4 Pagescontribute my knowledge and skills in Accounting and Finance to the success of the organisation, through broadening organisational learning and development, strengthening interpersonal relationships, displaying high level of professionalism and promoting teamwork in the organisation. Summary of Qualifications ï  ¶ A dynamic and dedicated Accounting Professional with experience in Sales and Customer Service; ï  ¶ Communication and interpersonal skills, along with client liaison and organisational skills, bolsteredRead MoreManaging Time Effectively1205 Words   |  5 Pagesorganization to be runeffectively you must manage your time wisely. Procrastination should not play a major part in your daily duties. It is also important for managers and employees to go through the decision making process before making an imperative decision. This will help to eliminate barriersthat are set up for failure. Teamwork and team building skills also play a major part in the workplace. Everyone should realize that there is a common goal for which each individual has a shared responsibilityRead MoreRemote Team Essay1134 Words   |  5 PagesHow to Work with a Remote Team with Maximum Efficiency Just a decade ago, could you imagine working in pajamas with a favorite drink in your hand, without commuting for office? The current trend is a remote job which is simply working in your office, enjoying being couch-potato! The trend of remote teamwork is booming every year and the dispute around this culture is at its height too. We often get bewildered while talking about freelancing, virtual or remote team. Before digging into deeper discussionRead MoreThe Organizational Culture Assessment Instrument901 Words   |  4 PagesOrganizational Model has three levels: artifacts, adopted behaviors and basic assumptions. Artifacts are made up of things that can be seen and felt. My organization has a relaxed dress code, which is considered a normal value for our organization. The office is in our family home, which provides a warm and welcoming atmosphere. We have several special dinners each year to celebrate our business. Outsiders would easily recognize these artifacts, and therefore these artifacts are a part of the work cultureRead MoreA Business Development Manager For A Digital Marketing Company1326 Words   |  6 Pagesdevelopment manager for a digital marketing company. The man has been with the one year-old company since its inception, which employs just six people including him. The company is kno wn for providing services such as website development and support, search engine optimization, and database configuration. The six employees work in a moderately sized office which could be compared to the size of a large apartment. Every employee works in one large common area, but the interviewee has his own office forRead MoreManagement Styles in the Workplace1312 Words   |  6 Pagesspecific type of management that works for one particular set of workers does not always work for another group of employees. Almost everyone has come into direct contact with a manager at some point in their careers. It is the relationship between the employee and the manager that must be keenly developed; in order for an office, factory, restaurant, or similar organization to run smoothly and effectively. When an organization is being managed efficiently, workers are much more upbeat, production levelsRead MoreLeadership Team Building in the Project Environment Essay1096 Words   |  5 PagesIntroduction Team building benefits the team as a whole. When people who rarely work together are forced to communicate, they can discover that they enjoy the interaction and continue to network and bond with different people back at the office. For many, working in team is difficult, for others is easier than working alone, not many people are able to respond to the commitment involved in working in a team environment. And there are usually time imbalances that are generated within work teamsRead MoreEffective Leadership And Management Of The Team Members1228 Words   |  5 PagesDiscussion 3 Component 1 - Team Work 3 Component 2 6 Staff turnover and recruitment 6 Employment law 6 Conclusion 7 Recommendations 8 References 9 â€Æ' Introduction â€Æ' Analysis and Discussion Component 1 - Team Work Delegation is the top priority for a team manager to build a strong team. It doesn’t matter how skillful a person is in a project, there will be a limit for personal achievements (Lipman, 2014). When a team is working with the same goal, the outcomes and achievements are far greater and effectiveRead MoreJack Ma On Teamwork. Jack Views Teamwork As A Sense Of1420 Words   |  6 PagesJack ma on teamwork Jack views teamwork as a sense of unity for common interests and responsibilities developed by individuals in an organization. Sometimes people ask why teamwork is so important whereas they can complete tasks well while working alone. Well, teamwork concentrates on the element of synergy where the sum is definitely greater compared to the parts. He further likens teamwork to sports where teams made up of expensive players are regularly outperformed by individually less talentedRead MoreMotivation Techniques For Positive And Positive Outcomes1683 Words   |  7 Pagesemployees. Though many meaningful practices of some managers of different companies may have negative outcomes, it is the purpose of this paper to provide a better understanding of each technique. The negative and positive outcomes of each are further described based on each member’s own experience in their respective professions. I. Motivation Techniques for Positive Reinforcement The positive motivation techniques are critical for managers in today’s organization. The techniques are constantly

The Art Institute Of Chicago - 988 Words

The Art Institute of Chicago is a great place to see the Asian art. The Art Institute receives a four out of five stars. The positives are that there are a huge variety of visual arts to appreciate. The first negatives of the Art Institute of Chicago is that the Islamic Asian art is under developed. There are two pieces that represent Islamic influence Indian art. The second is the expense to visit is high. Parking and admission for someone who lives out of state will cost fifty dollars. There are two exhibitions and three collections worth mentioning in this institute. The two exhibits are the Gates of the Lord: The Tradition of Krishna Paintings and Kesa: Japanese Buddhist Monks’ Vestments. The collections that are worth checking out are the Southeastern and Oceania, South Asian, Korean, the Chinese, and Japanese. The first exhibit, Gates of the Lord: The Tradition of Krishna Paintings, is a must see. This exhibit focus on the Hindu culture. The artwork is focused on Kri shna, Hindu deity, and other religious symbols. The exhibit reveals how people worship throughout the year. The music playing in the background is traditional Indian music. The walls are specifically painted to enhance the artwork. The artwork contains large amount of gold color in them. The art work has Krishna wear gold jewelry and fancy apparel. The skin of Krishna has a very pretty dark blue. The face is intense as well. The rugs are impressive as well. The rugs have cows and flowery images inShow MoreRelatedArt Institute Of Chicago Art993 Words   |  4 PagesArt Institute of Chicago Review The Art Institute of Chicago is a great place to see the Asian art. The Art Institute receives a four out of five stars. The positives are that there are a huge variety of visual arts to appreciate. The first negatives of the Art Institute of Chicago is that the Islamic Asian art is under develop. There are two pieces that represents Indian Islamic art. The second is the expense to visit is high. Parking and admission for someone who lives out of state will costRead MoreThe Art Institute Of Chicago1741 Words   |  7 PagesNext time you are walking through the Art Institute of Chicago I would highly recommend a visit to the Gift of Edlis|Neeson Collection, located on the second floor, gallery 292A. Here you will find a tantalizing array of modern day contemporary art that delivers a sensory overload wherever you turn. Nestled in between the copiousness of talent you will find three offerings from a prominent living contemporary artist called Jasper Johns titled Alphabet (1959), F igure 4 (1959), and Target (1961).Read MoreThe Art Institute of Chicago Essay664 Words   |  3 PagesThe building at 111 South Michigan Avenue, home of the Art Institute of Chicago, was opened in 1893 as the World’s Congress Auxiliary Building for the World’s Columbian Exposition. The building was passed on to the Art Institute after the end of the exposition. Designed in the Beax-Arts style by Boston firm Shepley, Rutan, and Coolidge, building has become an icon for chicagoans an tourists alike. The Modern Wing, the Art Institute’s latest and largest addition to date, opened on May 16, 2009, andRead MoreThe African Exhibit At The Art Institute Of Chicago922 Words   |  4 PagesThe African exhibit at the Art Institute of Chicago is difficult to find. At the end of a shotgun wing consisting of Japanese, Korean, and other East Asian art, and beyond Native American art, sits the one-room gallery for African art. Here, most of the objects could be considered fas hions, tools, or domestic objects. There is a bizarre absence of chronology, and the objects seem too similar to speak for Africa at large– as if everything on display arose from the same historical situation and fromRead MoreMy Visit At The Art Institute Of Chicago1596 Words   |  7 PagesDuring my visit at the Art Institute of Chicago this quarter, a popular and interesting piece of artwork that spoke to me in ways that no other artwork did was the, â€Å"Tarquin and Lucretia† by Tintoretto or the artist known as Jacopo Robusti. Tintoretto is also known as the one of the most well-known Italian Renaissance artists and became interested in painting at a very young age. This specific piece of artwork was originally created by Tintoretto during 1578 through 1580 and is an oil painting onRead MoreMarketing Analysis : Buy Space On Chicago Art Institute Museum959 Words   |  4 PagesPR: Media Event: Buy space in Chicago Art Institute museum to place big white wings people can make photo with. One of the feathers will have the name of the brand in pink. There also will be a sign by this exhibit â€Å"when angels grow up† and a QR code to find out about famous works of art with angels and a map how to get there. For one weekend the entrance to the museum will be free for everyone. There will be a special platform with seats where an important woman from the company, CEO (35+), willRead MoreJudy Chicago : Life And Career Of A Feminist Artist1410 Words   |  6 PagesJudy Chicago: The Life and Career of a Feminist Artist In the year of 1939, World War II began, the end of the Great Depression came, and the birth of Feminist Art creator, Judith Sylvia Cohen, in Chicago, Illinois all took place. Due to the ideologies and influence of her parents she would grow to believe in the equal rights of women and this characteristic would inspire her to develop an entire classification of art. As Cohen grew in her beliefs and ideas she discovered the impact that art had andRead More Grant Wood Essay1044 Words   |  5 Pages Grant Wood   Ã‚  Ã‚  Ã‚  Ã‚     Ã‚  Ã‚  Ã‚  Ã‚  I recently took a trip to the Jocelyn Art Museum. There they had many great painting in the permanent art collection. One that caught my eye, which I had seen many times before, but never knew any thing about, was a painting called Stone City, Iowa , which was created by Grant Wood in 1930. This painting is oil on wood panel and is 30  ¼ X 40 inches. Grant Wood is a famous philosopher who was born in February in the year 1891 in Anamosa, Iowa. Wood was born to QuakerRead MoreMy Visit At The Huntington Museum Of Art1020 Words   |  5 PagesThe first thing I noticed at the Huntington Museum of Art was how quiet and empty it was. This was not displeasing however--quite the opposite in fact. The atmosphere was perfect for contemplation and thought, which is exactly what I want in a museum. I was still surprised of course; my visit to the Art Institute of Chicago had been very different. Unlike in Huntington, Chicago’s museum was packed to the brim, and the people within it practically shouting just to be heard. It is very easy to decideRead MoreGrant Wood1020 Words   |  5 PagesGrant Wood I recently took a trip to the Jocelyn Art Museum. There they had many great painting in the permanent art collection. One that caught my eye, which I had seen many times before, but never knew any thing about, was a painting called Stone City, Iowa , which was created by Grant Wood in 1930. This painting is oil on wood panel and is 30  ¼ X 40 inches. Grant Wood is a famous philosopher who was born in February in the year 1891 in Anamosa, Iowa. Wood was born to Quaker parents

Coca-Cola Corporate Industry †Free Samples to Students

Question: Discuss about the Coca-Cola Corporate Industry. Answer: Introduction: Coca cola is one of the growing companies in the world. The Coca-Cola Company is observing to tap into this grow have a rapid growth, and the business is concentrating on creatingIndia its third main market(and also in a time frame), up from itspresent sixth location. Diversification into a wide diversity of drinks is one of the important emphasis areas for Coca-Cola to have a good drive. While effervescent soft drinks now account for nearly 50 percent of the Indian market of soft drinks, ovary and dairy-based brews are increasing at a faster pace Risk is the danger modeled by any error in the monetary statements due to any failure of any control. In a monetary audit, characteristic risk is greatest probable to happen when dealings are multifaceted, or in any type of situations when there are high amount of judgment in respect of any monetary estimate or dealing. This type of menace epitomizes a worst-case setting as all the controls have failed drastically. Coca-Cola Company is an worldwide business that functions in a worldwide market. The object expresses numerous monetary risks for example variation in product prices, foreign argument rate, rate of interest, political constancy and slump. These financial dangers modeled a huge difficulty in the endurance of the process of the commercial. Industry Precise Audit Risk One of the biggest assets of a corporation is stock and the panels for stock would make unquestionable all stock on the balance sheet really exists. A commercial should have a proper separation of obligations so that no lone individual knobs all or most facets of the stock, such as contract, authorization, grounding, and imbursement (Risk assessment and materiality 2016) Inherent risk Valuation of monetary instruments Coca cola on the financial accounts have very well written that the amounts are measured at fair value. Influences that could unfavorably influence the Company's processes or fiscal results embrace and are also not limited to the following terms: plumpness and other well-being apprehensions; water insufficiency and poor class; fluctuations in the nonalcoholic brews occupational situation; the new global praise crisis and current disapproving recognition and equity bazaar settings; enlarged competition; an incapacity to swell procedures in evolving and unindustrialized markets; fluxes in foreign cash discussion rates; rate of interest increase. action 319 needs the examiner or auditor to get an sympathetic of each of the five mechanisms of inside control adequate to strategies the audit. It also takes in to consideration that such information should be secondhand to recognize types of latent misstatements, contemplate factors that disturb the risk of important misstatement, strategies tests of panels when related, and also strategies tests(substantive). Stock has high inherent risk with nepotisms to esteeming its version or account stability. Coca-Colas stock account balance is contingent on what value is carefully considered for a creation work-in-process period to move into the ?nished good stage and to evolve in to the finished product stage As the auditor has assessed if the entity's packages and panels that speech known risks of important misstatement due to deception have appropriately intended and located in process, the auditor should evaluate these jeopardies and also it takes in to consideration all the evaluation. This calculation should be painstaking when unindustrialized the assessor's answer to the branded hazards of important misstatement which arises due to fraud. The auditors of Coca-Cola tested with the help of the risk authorities the dimension of the fair values of the numerous entrenched offshoots which includes the option to adapt the prom issory note into instruments of equity of the Corporation as part of the money or any type of consideration transit transferred. In esteems to this achievements, the audit of the assets and liabilities have been done. There are misstatements which resulted to address dangers to the info systems, and also there is a continuation to continue to make savings in workers, technologies, cyber cover and training of Business personnel. The Business upholds an info risk management database which is overseen by information skill organization and studied by a cross-functional committee. The potential misstatement is the default by or disappointment of one or additional of our counterparty financial institutes could source us to incur noteworthy victims. As part of the hedging doings, there is an entry in to transactions connecting derivative fiscal instruments, which includes forward agreements, product commodities contracts, option agreements, collars and swaps, with numerous monetary institu tions. In adding, there are lot of cash, cash counterparts and other savings on credit or in books with particular banks or other monetary organizations in the United States or anywhere else in the country. If we talk about this misstatement we can say that as per accounting standard 11 a lot has to be measured (PCAOB 2017) The aim or the objective of the examiner is to classify and suitably measure the threats of important misstatement, which provides a solid basis for conniving and realizing replies to the threats of misstatements which have been material in nature. The examiner should make risk calculation measures that are necessary to run a judicious basis for identifying and judging the main risks of important misstatements, which is majorly due to error or scheme of fraud ,and deceitfully for any further audit procedures. The determination is to gain an empathetic of the corporation's purposes, plans, and connected occupational threats is to find commercial risks that might judiciously be probable to outcome in important errors or misstatements of the financial announcements. Balance inspection objectives that should be definitely met and the checker can achieve that any given accountequilibriumisjustlyspecified- An auditor needs to have good amount of evidence to form an opinion. There can be qualified opinion or a clean opinion. It depends on the audit evidences whether the auditor needs to give which type of opinion. Risk of lawsuit if Coca-Cola is prosecuted for numerous reasons produce linked or then and the Risk of hurt to standing if any bad reviews is unconfined related to Coca-Colas corporate practices. The Risk of trailing prevailing and future consumers who need a con?ict of benefits with Coca-Cola. The evidence provided the auditor has some inherent limitation as the evidence that has been provided is not checked in detail. The auditor is giving an overall opinion based on some substantive procedures and analytical procedures. Due to the inherent limitation some risks will not be able to identifies and will be left out. Planned Discovery Risk is the danger that the review sign collected will fail to notice (Risk management policy 2017) Any danger or threat of the misstatements. Planned detection risk has an opposite association with some quantity of indication calm for an review. I.e. if the intentional discovery risk is squat, examiner will need to gather more indication. If intrinsic risk and switch risk are tall, deliberate detection risk is low, it is important for the auditor to test the contacts and not just testing the internal controls of the company. Coca cola Inherent risk assessment The Group Risk Forum is Coca?Cola HBCs riskthink tank and independent risk review mechanism.Its members, recruited fromthe most senior business leaders across all functions, contribute their experience and insight to the evaluation of the companys risk and opportunities. Stock has high inherent risk with nepotisms to esteeming its version or account stability. Coca-Colas stock account balance is contingent on what value is carefully considered for a creation work-in-process period to move into the ?nished good stage and to evolve in to the finished product stage. Revenue credit has tall inherent risk with respects to its wholeness and limit. Coca-Colas pays process is in need of how the company recognizes the revenue. Goodwill has high characteristic risk in regards of valuing the company and the account balances. Most of the of Coca-Colas stock value is its make name and underground formula (Risk assessment and materiality 2016) Understanding the manufacturing lets the auditor to assess the risk Coca-Cola currently Is facing (ASA 315). It is the part of the auditor the check the important matters of the loan and the account balances (Annual report 2016) Auditor needs to observe to perceive if(Risk assessment and materiality 2016) there are people who are not repaying the loan in time. By overstressing the stock, Coca-Cola will be increasing the gross profits, net revenue, current possessions, reserved earnings and also the other ratios. Illegal to know revenue early by fielding books open to the end of the quantity period to amass more auctions. Since goodwill contribute to major the assets sum and by this the stock would be misstated due to show up of more goodwill value. The internal controls is not as perfect as it was expected from the company. The tests of controls are extensive. Substantive and analytical procedures are kept at low level. The test of details are medium. As a result, organization must make many molds which involve a significant amount of decision when finishing recoverability and tests of impairment of all the assists in the whole world. Depending on the functioning efficiency of the entitys panels, the examiner will project and perform practical tests absorbed at the possible misinformation which may result from the recognized risks. As a part and parcel of the risk calculation process, the examiner should regulate as which risks known require unusual audit thought. Such jeopardies are referred to as momentous risks (ISA 315, pares 2729). The accountant or the auditor should continually perform applicable procedures that unswervingly retort to the substantial risk at statement (ISA 330 Para. 21) Substantive procedures should be a nalyzed very carefully and it will help in the overall audit. References Risk assessment and materiality(2016) Avila be at file:///C:/Users/com/Downloads/SampleChap%20(1).pdf Risk policy ( 2016). Available at https://coca-colahellenic.com/en/about-us/policies/risk-policy/ Team Trefis. Coca cola largest company. Avilable at https://www.forbes.com/sites/greatspeculations/2017/09/07/how-coca-cola-plans-to-make-india-its-third-largest-market/#293c8a232e84 PCAOB. Avilable at https://pcaobus.org/Standards/Auditing/Pages/Auditing_Standard_12.aspx Riskmanagementpolicy(2017). Available at https://coca-colahellenic.com/media/1123/group_risk_management_policy_2017.pdf The Lancet.Coca-Cola's funding of health research and partnerships.Lancet.2015;386:13 Andreyeva, T, Kelly, IR, and Harris, JL.Exposure to food advertising on television: associations with children's fast food and soft drink consumption and obesity.Econ Hum Biol.2011;9:221233 laberson, H.PepsiCo and Coca-Cola's profit aided by growth in emerging markets. July 21, 2011. https://www.foodnavigator-usa.com/content/view/print/388021 Wasswa, H.Uganda struggles to cope with rise in diabetes incidence.BMJ.2006;333:672 Annual report(2016). Cocacola .Available at https://www.coca-colacompany.com/investors/annual-other-reports

Monday begins on Saturday Review Essay Example

Monday begins on Saturday Review Paper Essay on Monday begins on Saturday its brilliant =))): Labor legislation violated grossly, and I felt that I had gone any desire to deal with these violations, because here at twelve oclock Christmas night, breaking through the blizzard, people came, which was interesting to bring to a conclusion or start over again some useful thing, than to turn off the vodka itself is pointless jerk down, play and engage in flirting forfeits different degrees of lightness. These people came, which was a pleasure to be with one another than separately, which can not tolerate any kind of Sunday because they were bored on a Sunday. Magee, People with a capital letter, and their motto was Monday begins on Saturday. Yes, they knew some spells were able to turn water into wine, and each of them would have found it difficult to feed five thousand people with bread. But the wizards were not so. It was the husk, the outer. They were magicians, because so many know so much that the number of passed them finally in quality, and they began wi th the world in other ways, rather than ordinary people. They worked at the institute, which is engaged primarily problems of human happiness and the meaning of human life, but even among them, no one knew exactly what happiness is and what is the meaning of life. And they took a working hypothesis, that happiness is the continuous knowledge of the unknown and the meaning of life in the same. Each person the magician in the soul, but it becomes a sorcerer only when he begins to think less about themselves and more about others when it becomes more interesting work than fun in the old sense of the word.

Censorship of Music Lyrics essays

Censorship of Music Lyrics essays The content of music lyrics should be censored because the content has a major influence on people. This is especially true because music lyrics are influencing individuals who are at an age where they are not capable of making informed decisions, but are in the process of forming their opinions. It is also important to note that music itself is less a form of free speech, and more a form of advertising. The music produced is intended to convince people to purchase records and so can be considered as being designed to be influential. Since advertising is required to be censored, music lyrics should also be censored. This purpose of music also means that the argument that censoring lyrics prevents free speech is not valid. These issues related to the censorship of lyrics will now be The first important point to note is that the lyrics of music are influential, with the lyrics of pop, rock and rap music especially influencing the target market comprised mainly of young children and teenagers. The interest in the actual music extends beyond just enjoying the music to seeing the creators of the music as someone to be looked up to. The singers, bands, or artists creating the music become role models for children and teenagers. Children and teenagers then begin to associate what the artists do with what is considered appropriate behavior. In short, they aspire to be like the artists. Even if the actual lyrics have not been produced by the singer, the young audience associates the lyrics with the singer and so determines that what they are singing about is appropriate. This attitude toward the lyrics are made even stronger because the artists are not just considered as being acceptable, but are also considered as setting the standard for what is acceptable. To understand the importance of this, it is necessary to consider the psychological development of children an...

Connotaions of Rap essays

Connotaions of Rap essays Often times when people hear about Hip Hop/Rap music, they fll paint a picture in their heads of black men cussing, guns, marijuana, lots of gold, and girls looking like prostitutes. Parents and teachers put an image in their kid fs head that Rap music is  gbad h, and they don ft want their kids to be influenced by something that is negative. With the way Rap music is advertised in the US, I would have to agree with that looking at it from an average parent fs point of view. But what people don ft know is that Hip Hop isn ft just a type of music, it fs a culture. It fs a culture full of original elements, and it fs also a place where people can show others what they fve got and who they are. Within this original society called Hip Hop, there are basically four main elements of MC, Break, Tag, and DJ. And each is represented by millions of people all over the globe. When the four come together, it makes Hip Hop music, and people live the music instead of MC-ing is what people know as rapping. The main point of an MC is to make your crowd enjoy your music, and to send a message out to them. Unlike most of the lyrics out on the market today, Hip Hop contains meaning and it sends a message to the listeners. Although those messages might have bad words, and show images of things that are socially wrong, that fs actually what fs going on where they are from, and that fs who they are. Their music represents their area and their people, and it fs no different from a farmer singing about his cows and chickens in Idaho. Besides,  gGangster Rap h isn  ft the only type of Hip Hop music, it fs actually only a small sect of it all. Many rappers put out lyrics about what they believe in, their own philosophies, entertaining others, and although it may seem unlikely, many lyricists seem like Einstein to me. Just like all of the other geniuses like ...

Role of Central Banks Essay Example | Topics and Well Written Essays - 2750 words

Role of Central Banks - Essay Example Low inflation is not an end in itself. It is however an important factor in helping to encourage long-term stability in the economy. Price stability is a precondition for achieving a wider economic goal of sustainable growth and employment. High inflation can be damaging to the functioning of the economy. Low inflation can help to foster sustainable long-term economic growth 2. The central bank ensures that the money supply in the economy is exogenous and determines the monetary base accordingly for the actual values of the currency and reserve ratios etc. using the appropriate money supply formula. 3. The money supply is endogenous to the economy but is determined by the central bank according to a money supply rule, and the monetary base is changed to achieve the money supply determined according to this rule. The last assumption given above is the most commonly used operational technique, even where the central bank's intention is to focus on the monetary base or the money supply as the main determinant of aggregate demand. Under this procedure, the central bank sets the discount rate to achieve a certain level of aggregate demand in the economy and lets the financial sector determine the monetary base through borrowing or discounting bonds with it. ... rational technique, even where the central bank's intention is to focus on the monetary base or the money supply as the main determinant of aggregate demand. Under this procedure, the central bank sets the discount rate to achieve a certain level of aggregate demand in the economy and lets the financial sector determine the monetary base through borrowing or discounting bonds with it. In any case, the central bank's behaviour is captured through the specification of the monetary base, no matter which of the above procedures is used. The measures that are taken by a central bank typically involve altering the interest rate in order to control the rate of growth of aggregate demand, the money supply and ultimately price inflation. It also involves changing the exchange rates as fluctuations in the value of currency also have an impact on macroeconomic activity. All in all, these measures come under the banner of monetary policy of a country. The key result is that monetary policy governed by society's preferences produces an inefficient outcome featuring an undesired, high level of price instability. Society can improve on this suboptimal outcome in a number of ways. One way to achieve price stability without distorting the stabilization of shocks is to set new incentives for the central bank by picking a progressive central bank which cares a lot about income, making it independent of the government, and adding an inflation target to its environment.1 Monetary Policy Many economists believe that monetary policy is a more powerful tool than fiscal policy in controlling inflation. The circular flow of income and spending is kept in motion through changes in short term interest rates that in turn affect the spending and savings patterns of households and businesses

Enterprise and entrepreneurial management Essay

Enterprise and entrepreneurial management - Essay Example The competition in business industry has grown to a very different level (Chambers, 2008). The laundry business started will operate in London area; laundry and dry cleaning are the components of fashion and textile sector according to the national career service. The level of employment in the field has remained in a stable trend even under the current economic swings. Laundry and dry cleaning industry expects growth and increased employment in the coming years. The region where the business will operate is one of the largest regions in laundry and dry cleaning services in the United Kingdom. The business is launched because, in early childhood days, clothes washing took place at home but there were laundry services around the area. Washing and dry machines mostly considered expensive and hard to maintain. Although, the clothes were clean and smelled fresh the time taken and labor used remained high. According to statistics from the national association of laundry industry, laundry providers have decreased over the past two decades. In the early 1980s, the number was twelve thousand five hundred, but has since decreased by a margin of three thousand. The main reason cited by people in the industry is the cost of starting up a laundry service. The cost of launching a launderette ranges from sixty thousand to a hundred thousand pounds. The cost has minimized of competitors in the industry by a great extent. The family will provide financial support for starting the business through borrowing. The firm’s selling points include the modernization of laundry services from the common traditional forms. Reinvention and innovation are the key factors in the launch of the business. Equipping the business with flat screen televisions, introduction of gaming systems for the kids and having a cafe that serves food and beverages are some of the ways the firm will attract clients. People in the region are used to the traditional laundry services and bringing a new ide a through innovation and creativity will help in establishing a clientele base. Technological advance from the coin slots machine to use of top up cards and credit cards will attract everybody both the young and old. The move from coin slot machines is to enhance customer convenience and confidentiality. The product, price, location and promotion are some of the key ideas factored in the firms launch. Establishing a difference in the factors from the rest of laundry service providers will help in the creation of a differential factor from the rest of providers. SWOT analysis will become handy in the determination of the firms strengths, weaknesses, opportunities and threats. The firm will operate in a sole proprietorship, mainly to reduce the time used in setting up the firm (Chell, 2001). The business workers will come from the family members, and they will offer free service until the firm establishes. The firm requires a Rota that will ensure staff members are constantly availabl e, and the firm is not under or overstaffed. The owner with the help of an accountant friend performs the firm’s bookkeeping when it comes to tax returns. Business plan Keys to success The firm has several keys that promise its success, and they include location, convenience, environment and reputation. The location of the firm is strategic such that people will have a glance at it while walking at

Human Resources Functions Essay Example for Free

Human Resources Functions Essay Human resources or personnel function fulfils a number of needs. It is responsible for the hiring and firing of employees, for staff training and development, and for dealing with matters relating to industrial relations. In this report I will be analysing each of the functions related to human resource and then take one of them and make an in depth analysis of it. Once I collect the information I need regarding the responsibilities of the human resources and how they should be carried out, my next step will be to compare them with a medium or large size company to see how they carrying out the responsibilities and what alterations they have made to suit their particular needs. To do this I have chosen Tesco. Below I will briefly look at the four functions of human resource and how they affect Tesco: 1. Human Resource Planning Human resource planning can be defined as: The activity of management which is aimed at coordinating the requirements for and the availability of the different types of employee In simplicity, this means to make sure that the organisation has the right number of employees and of the right quality. For the human resource to achieve their targets they need to have a good understating of the labour market in the local area. When planning human resources Tesco need to take into account the following factors: a) Local employment trends Local employment trends tells Tesco about the levels of employment in the area and gives them a general idea of the type of jobs people are getting and the type of jobs that there are a shortage in. b) Local skills shortages Local skills shortages is an important aspect to Tescos human resource because it informs them about the lack of people with certain qualities in the local area. This is important as it can be used to compare against the Tescos skills criteria for new employees. If they are looking for certain skills from people and theses are not available then they will either need to compromise or look elsewhere. Also, if they know the general skills of the people then when they advertising for a job, it will reduce the chance of them asking for qualities which are absent in the people, which might keep very suitable people from applying and few applicants might mean that further advertisements are needed, costing time and money to Tesco. c) Competition for employees There may be very few people with top qualities willing to work for a company like Tesco. It would be in the best interest of Tesco to seek and take theses enthusiasts on board. If they dont, then other similar retailers will recruit them and then they will become rivals to Tesco. Competition for employees may even be on the lower skills end where there may be a shortage for cashiers, for example. Tesco will need to provide suitable incentives to attract these key people. One simple way in which to attract the mass of people is to increase their wage. This is not always the case due to the financial constraints on a business. d) Availability of labour Availability of labour is an important factor for Tesco. They need to make sure that they are aware of the quantity and quality of workers available when recruiting. This understanding will allow them to make right decision when employing people. If there are very few suitable candidates then they will have to choose someone amongst those. However, if there are many people suitable for the job then they can carry on with their search until they come across some one who fulfils all the requirements. It is important for Tesco to know the availability of workers in their locality as this will enable them to prepare and make back up plans for when there is a shortage of suitable people willing to work for Tesco. Human resource planning also involves looking at how labour is organised within a business. The factors that Tesco must take into account are as follows: a) Labour turnover This is about forecasting supply of labour. It asks the question how many employees will we have in the future? It therefore means looking at internal and external sources of labour. When Tesco is looking at the total supply of labour in its organisation it is important for them to look at labour turnover. Below is an example of one of many ways of working out employee turnover: This is sometime called the percentage waste rate. It tells Tesco what percentage of workforce left in a year. There are also other indexes which deal with stability, which give a good idea of how long employees are staying with the organisation. If employees are not staying very long in certain departments of Tesco, then this can be pinpointed and investigated. b) Sickness and accident rates A high level of sickness absence will affect the supply of labour very badly. If genuine then Tesco can do very little in the short term. If they are bogus then moral within honest workers will be low and confidence in managers can sink. There are many ways in which the human resource team can monitor performance against: o Performance in the previous year o Trends in other organisations in the same industrial sector o National sickness absence figures Accident rates can be lowered and kept to a minimum if health and safety guidelines are followed properly. c) Age, skills and training This is also known as stock taking. It asks the question what is the quantity and quality of staff available in the organisation? It uses the following techniques: o Job analysis involves gathering information about all employees. It collects information regarding their duties and skills required to fulfil those duties. o Skills audit is a survey of the skills, qualifications and experience of all existing staff. o Performance review involves looking at the performance of all employees in order to: o identify potential staff o identify where staff have more training needs This information will give an idea to the rest of the company about the skills and training of their employees. Weakness can be tackled using these information and strengths can be built upon. d) Succession This really only applies to employees at supervisor/line manager level and above. Succession planning enables the organisation to ensure that staff with potential to fill top jobs are given extra training or wider experience so that when the time comes they will be able to fill those positions. Without this type of planning Tesco would see good employees leaving for better opportunities elsewhere. This will make it harder for Tesco to fill gaps at a later date. Conclusion on Human Resource Planning Humans are the most important resource to Tesco and they will need to make sure that they plan properly to ensure that they employee the best people who are best suited to the job. This will ensure they have an advantage over their rivals, as rivals can copy products but not staff. 2. Recruitment and Selection Tesco recruit staff for a number of reasons. Initial recruiting is needed when a new store opens and after that there will be a constant need for recruiting due to the changing needs of Tesco and the needs of he employees. o The growth of Tesco is usually seen with the opening of new stores. The opening of stores means that they need to recruit so that the employees can run the store. o Changing job roles within the business o Resignation, retirement, dismissal also means that recruitment needs to take place in order to replace these workers and keep the business running as before o Internal promotion means that new recruits are needed when existing employees are being promoted to higher positions, which leads to vacancies which can be filled by internal candidates. Promotion usually means that there are now gaps at the lower skill level in the store and this creates jobs for external candidates with less experience. Extra costs are always frowned upon by businesses and recruitment, if not properly done can cost a business a lot of money and time. This means that it is very important for a business to recruit accurately and this will mean that the recruiting team have a clear idea of what sort of person the business is looking for and what is expected from them. The team can save the business money and time by: o Preparing person specifications and job description which clearly outline what kind of person they are looking for and with what qualifications. The job description will clearly linked with what they are expected to do once recruited and what is expected of them. o Carefully planning how, when and where to advertise as this will save time and money for Tesco. Tesco need to weigh out the costs and benefits of different methods of advertising (e.g. using internet or the local newspaper), when the best time for advertising is (in the summer holidays or beginning of the school year) and where to advertise (e.g. in the stores or at the job centre). o Identifying the strengths and weakness of job applications, curriculum vitae and letters of application. The recruiting team will need to be very experienced at electing candidates. Their experience in recruiting will be reflected in the quality of candidates they recruit. o Short-listing candidates involves selecting a small number of applicants for the next stage. This may well be training or more tasks to lower the number of people for the next stage. This selecting will carry on until the right numbers of candidates are found with the desired quality. The recruiting team need to be able to distinguish easily the strong applicants from the weak as there may be hundreds of applicants. When recruiting every applicant deserves and expects the same opportunity as their rivals. There are many legal and ethnic responsibilities relating to equal opportunities which Tesco must uphold so that they dont break the government law and trust of the public. Below are a few acts passed by the government which will govern the recruiting method and process. o Equal Pay Act 1970, requires employers to pay same rate of pay to men and women if they are doing the same job. o Sex Discrimination Act 1975 states that employers may not discriminate on grounds of gender. This act makes it illegal to discriminate against a particular sex when: o Advertising to fill jobs available o Appointing employees for those jobs o Promoting staff into better jobs o Determining the terms and conditions of the ob o When offering employees opportunities for training and development There are Exceptions to this act where this act does not apply. However, these exceptions do not apply to Tesco and this means that the whole act is to be followed by Tesco. o Race Relations Act 1976 makes discrimination on grounds of race illegal in the same areas as the Sex Discrimination Act 1975, i.e. advertising jobs, appointing staff, promoting staff and providing staff benefits. Again there are exceptions which do not apply to Tesco which means the whole act is to be followed by Tesco. o Disability Discrimination Act 1995 updates the protection for disabled persons and places it onto a similar basis as for other forms of discrimination. Key aspects of the Act warn against discriminating when advertising jobs, appointing staff, promoting staff and providing staff benefits. It also states that reasonable steps must be taken to ensure that a disabled person can work on the premises. This act does not cover organisations employing fewer than 20 people. It is therefore correct to say that this act is to be followed closely by Tesco as their employees number thousands. However, Tesco only have to do what is reasonable. If modifications are very expensive then this would be deemed unreasonable. There is some government financial assistance available for modifications to buildings. To ensure that only suitable candidates are chosen and to make the selecting process easier and less time consuming, there are testing method and techniques available to the recruiting team. Aptitude tests It has become increasingly common for employers to expect job applicants to carry out tests to give a fuller picture of their ability to do the job applied for. They are appropriate or manual work where there is some skill involved and also for office work. These types of tests are appropriate for Tesco to use as they will allow them to find out more about the applicant before selecting and will allow the applicants to show their full potential. Psychometric tests These types of test assess the intelligence and personality of applicants. They are much more sophisticated then aptitude tests and Tesco must have properly trained staff to carry out and analyse the tests. The producers of such test argue that they are unbiased and that they can sow, for example, if a candidate would work well in a team. Human resources department must have good interviewing techniques and the interviews must adopt these methods and techniques when interviewing to ensure they reach out comes in the best interest of Tesco and its entire staff. Tesco must make sure that recruiters are aware of all the criteria for evaluating the recruitment process and must ensure that all the guidelines and methods are followed carefully. Many employers now use their employees in a flexible way so that they can get the most value form them. Tesco must understand the importance of recruiting and maintaining a flexible workforce if they are to remain competitive. There are different bases for recruiting people for a flexible workforce, and below I have mentioned a few: o Different modes of employment o Different terms and conditions Just as methods of working have changed, so have the terms and conditions under which people are employed. People may be employed full-time or part-time under a number of contractual arrangements. o Core employees are highly paid workers who offer firm-specific skills which are hard to acquire form anywhere else. Often such skills will have been acquired within the organisation itself. They provide functional flexibility because they do a range of tasks. Because they are so firm-specific they have high job security. o Part-time, temporary and contract labour Sometimes temporary staff are required for short periods of time either to replace employees who are absent or to help out in busy times. When labour is plentiful the short-term contract enables firms to meet present staffing needs without making a long-term contract. Tesco use this type of recruitment when there is a shortage of staff or when there s a busy period (e.g. Christmas) which demands more assistants in the shop floor. Conclusion on Recruitment and Selection Tesco must ensure that their recruiting team is the properly qualified as a good team will lead to good recruits. Tesco must ensure that they use the best and fair methods suited to their environment to select the right candidates. This will ensure the best people are working for them to create the top company. 3. Training and Development A general definition of training is: the acquisition of a body of knowledge and skills which can be applied to a particular job Training can be divided into two main categories: on the job training or off the job training. on the job training This means that the employees acquire their training or development in the workplace itself. An example of this in Tesco is when they recruit a school leaver who has little work experience. One of the supervisors will show the new recruit what they have to carry out and may show them how this is done. off the job training This means attending courses which may be in a collage or training centre away from the work place. This usually applies when there are insufficient facilities or people to train the trainees. Tesco may want its entire senior staff to have a high degree of understanding in health and safety and for this they may send their seniors to a course where they would acquire this knowledge from experts. Induction This is an introduction to the organisation for new employees. It is designed to familiarise new recruits with the organisation, its rules, facilities, policies and key staff. Usually an introductory pack containing the main details will be provided. In Tesco this would be carried out once a recruit starts working or when they are being promoted and new responsibilities are put on them. The induction is very important to both Tesco and their new employee. Tesco need to ensue that they give the best possible start to the recruit and the employee needs to be satisfied that this it is in their best interest to work for Tesco. Tesco will also get their first impression of their recruit so this stage is important for Tesco. Mentoring This can take a number of forms. It may involve an experienced member of staff supporting a new recruit through initial stages after joining the organisation. The aim is to give a new member of staff a point of contact where problems can be taken and advice given. The meetings are usually informal and supportive and the mentor is often someone at the same level in the organisation as the new recruit. Mentoring will allow the new member to pick up new ideas quickly and will be more beneficial for the company. Coaching Coaching is a term which is becoming increasingly used in association with training in business. It involves an expert helping employees to develop specific skills through explanation, practice and encouragement. Coaching is becoming popular as a means of developing the skills of senior managers. This is important as it targets employees at the higher end of the chart. Their success will be passed on to the juniors and this will mean that better managers will mean better staff. Apprenticeships Traditionally, an apprenticeship involved a trainee working for a period of time with a craftsperson in order to learn a trade. In-house raining This is where employers run courses inside their own organisation. Courses run in house will be ones where it is impractical and unrealistic to offer any other alternative an oblivious example would be the organisation induction programme. This type of training is very useful to Tesco because this means that they can easily gather all their employees and teach them new methods or make them aware of surrounding situations. This will give them advantage over rivals as it will mean that all their staff are always up-to date with the latest knowledge, skills and methods. External training Sometimes it is necessary to send staff to do courses elsewhere. This may be at a factory of a n equipment supplier (when an organisation buys new equipment the supplier will usually run training programmes at its own factory to get employees accustomed to using it). This type of training will make the employees more efficient as they wont be wasting valuable time on the shop floor trying to figure out what certain buttons on a machine do. Transferable skills These are skills that, once learnt, may be applied in many different situations. The key skills of Application of Number, Communication and Information Technology are transferable. This could be for example cashing up the till. Non-transferable skills These are narrow skills that are job specific; they apply only to a particular situation. This for example could be the procedure of dealing with out of date food. Conclusion on Training and Development Knowledge and skills of staff are vital to the success of Tesco. Therefore, they must ensure their employees are best trained and that they are always developing. 4. Performance Management A business needs to ensure that its employees are performing effectively. It will wish to: o Identify areas which are unsatisfactory o It may wish to find areas where employees need to be trained and developed o It may wish to encourage and reward good performance perhaps with performance-related pay in the form of bonuses or pay increases. Performance management refers to the practice of setting targets, measuring performance against these and suggesting courses of action. A number of methods may be used to check performance the choice will depend upon the business in question. Performance reviews including appraisals An increasingly important way of getting feedback on employee performance is through appraisal. Appraisal may be closed, in which case the report remains confidential. More usually the process is open, in which case the appraisee takes an active part in the review process and discusses the results. The appraisal essentially looks at what an employees job is, how well it is being performed, and what action should be taken for the future. Self-appraisals Self-appraisals involves employees assessing themselves against a series of criteria. These results can then Peer evaluations This involves employees on the same level within the organisation assessing each other. This may mean that managers in different of Tesco observe each others and write a report. Target setting for individuals and groups All employees should know just whats expected of them on the job. When setting targets the Human Resources department for Tesco must make sure that their targets meet these criteria: o They should be specific. Every person doing a job should know exactly what he or she is expected to do. o They should be measurable. Tesco should have a touchstone against which performance can be measured. o They must be attainable. Unless the targets can be met, staff will consider them unfair and Tesco may find that their staff, resist working towards them. Measuring individual and group output/production Tesco employ staff in order to help the organisation sell the products and provide its customers with quality service. The efforts of the human resources managers will be towards improving the performance of employees and thereby enabling the organisation to achieve its objectives. Performance can be measured in a number of ways: o Performance through profit This may mean comparing its profit for different years or against its other stores. o Performance through quality Today, quality is a word used in all organisations, those providing services as well as those providing goods. This means that Tesco can use methods such as suggestion box for customers to praise customer service or to make complaints against staff. This will enable management to work with the employee in question or to reward them. o Performance through productivity In Tesco, sales representatives, for example, keep records of sales they make. Tesco can for example, compare two staff at the checkouts working the same shifts to see how fast they are serving the customers, by analysing how many customers they have served. They can use this to determine training needs. After setting these performances, the staff will be monitored and their results analysed. In order for Tesco to prosper amongst their rivals they must use the performance results as a way to find and solve problems. For example, the results may show that a particular employee or a group of employee lack certain aspects of knowledge in their jobs. Using this information Tesco can target these employees and send them on training programmes so that they are more developed. Motivation It may seem obvious that staff should be motivated; however, from the point of human resources management this is only true if motivation leads to improvements in the work. Over the years a number of management theories have been put forward in an attempt to explain the nature of motivation and suggest ways in which it may be improved. Frederick Taylors principles of scientific management Taylors belief was that complex tasks should be broken into separate operations so that little could go wrong. Each operation would be performed by a separate employee. The whole job could then be completed in a series of stages by a number of employees working together. This theory can be seen if one aspect of Tesco is looked in to detail. For example, when a delivery comes one employee doesnt unload the truck, check them off, and put them on the shelves. This process of getting goods from the truck on to the shop floor is done by a number of employees working in team so that once one stage is completed the second can be tackled by another set of employees. This way each set of employees knows exactly what they are required to do and chance of something going wrong is decreased. Fredrick Herzbergs two factor theory Herzbergs theories, produced in the 1950s, concern job design and satisfaction. From numerous interviews with accountants and engineers he concluded that two sets of factors are important. o Hygiene factors, which include reasonable pay, satisfactory conditions of work and benefits such as sick pay. o Motivators, which include responsibility, challenge and self-improvement. Hertzberg believed that properly designed jobs provide satisfaction and personal development for the employee. The workers become motivated, perform well and are less likely to be absent. To Tesco this theory is very important. They have taken advice from such theory and adapted their policies where possible to suit their employees. Tesco pay competitive rates, their working conditions are of top quality and they have many benefits. These are a result of understanding this theory and implementing them so that they get the desired results that all companies want. Abraham Maslows hierarch of needs Maslow developed his Theory of Human Motivation in 1943. He believed that motivation comes from a desire to satisfy needs. He placed these in a hierarchy with the basic needs at the bottom of the pyramid and higher needs at the top. In practice Maslow accepted that a variety of needs will exist at the same time, but suggested that once lower needs are satisfied then higher needs become the strongest motivators. Maslows theory has the same basis of Fredrick Herzbergss two factor theory because they both argue that what satisfies a person is the hygiene factors and the Motivators. Fredrick just says that a combination of these two factors leads to better performance where are Maslow goes further to say that they come in a set order where once basic needs are satisfied, higher, more complicated desires will be sought. Both Maslow and Fredrick speak of the same requirements in their theory. Evidence of both these theories can be seen in the day to day running of one of the Tesco stores. One such examples is the promotion of senior managers to managerial positions. In this instance the desire of the employee in question has been fulfilled and soon their desire will advance and they may start looking for further responsibility. Douglas McGregors Theory X and Y. In his book , The Human Side of Enterprise, he put forward two extreme views about the way in which organisations manage their employees. He called theses Theory X and Theory Y. Theory X states that all employees are lazy unambitious and dislike extra responsibilities. They will always resist change of any kind and are totally uninterested in the future success or otherwise of their employer. They are not interested in how the organisation works and prefer to be told what to do. Theory Y is exactly the opposite. Employees are interested in their work and want to be asked for their opinions on how to improve things. They want to be given more responsibilities and will naturally work hard without having to be told what to do all the time. They are also prepared to accept change because they understand it is in everyones best interest to move with the times. In practice theses views are extreme ends of the scale and Tesco like most other organisations falls between the two. They have both employees who have the characteristics of theory X as well as employees with characteristics of theory Y. Naturally the more characteristics an employee holds of theory Y the more likely that that person will be promoted to higher, more responsible positions as its in the best interest for Tesco to make theroy Y employees managers key workers. One reason is that theory Y employees are more likely to have better attendance and punctuality rates because they are self motivating, and this is a great advantage to Tesco and will help Tesco move further. McGregors theories are similar to Muslows and Fredrick Herzbergs. They are all closely related because they all base their theories on the same principle of desire. All their theories show that if a person desires for something and the condition is right then they will work towards it with all their effort. For example, if their s a managerial position and they have the ability to grasp that position then they will, but only if they have the desire to take such responsibility. If however, the conditions are right but the desire is absent then they may not try for such a position or may be promoted with no desire which could lead to chaos. On the other hand, if there is an employee with the desire and no opening is in sight then he/she may decide that the best option for them is to move to another company. Therefore, Tesco endeavours to provide eager, hardworking employees the benefits and promotions they rightly deserve. Relationship between Training Development and Performance Management Before Tesco can give its staff advance training it needs to know what they lack. It will be very expensive for Tesco to give training to its entire staff regarding all the different aspects of the company. Therefore Tesco needs a way of knowing what their staffs lack knowledge in and which staff or group of staff in particular. As I have mentioned earlier there are many different ways of finding out the training is needs and there is a variety of training programs to suit the needs of the employees. Tesco will set training according to the needs which arise from the performance reviews. Once training is given another performance review will be done to asses its success and further training may be suggested. This cycle of training and reviews will always be part of any company due to advances in technology and constant changes in employees and the attitude of society. The training methods Tesco decide to use and they way in which they review performance will be according to the way in which the person in charge understands and evaluates the A business needs to ensure that its employees are performing effectively. It will wish to: o Identify areas which are unsatisfactory o It may wish to find areas where employees need to be trained and developed o It may wish to encourage and reward good performance perhaps with performance-related pay in the form of bonuses or pay increases. Performance management refers to the practice of setting targets, measuring performance against these and suggesting courses of action. Conclusion on Performance Management Tesco must ensure that performance of staff are at their very best. They must use suitable methods to find weakness in staff and improve. T succeed they must make certain that the correct attitude is always emanating from their employees and that they are ready for change. Quality of information collected from recruitment documents When Tesco are recruiting people they have set procedures to deal with application forms and there are several key recruitment documents that are used by them to evaluate the quality of the person applying. Before any candidate is given the an interview they must pass the selection process. When Tesco are advertising for a recruit they will provide the person with a job description. A job description lists the main tasks required in a job. The person flicking through the newspaper for example, will decide if the tasks suit them and they will then apply if they do. Along with the Job description, Tesco will also provide what is known as a person specification. This sets out the qualities of an ideal candidate whereas a job description defines the duties and responsibilities of the job. The best-known method of drawing up person specification is based upon seven separate groups of characteristic: 1. Physique, health and appearance 2. Attainments 3. General intelligence 4. Special Aptitudes 5. Interests 6. Disposition 7. Circumstances This specification clearly sets out the description of the ideal candidate and applicants can be easily measured against this. This makes the job of the interviewer much easier and will ensure that Tesco are recruiting the right people for the right job. One a person has seen the advertisement and they want to work at Tesco, there are many ways they can apply. Below I will list them and analyse the advantages and disadvantages of each: The curriculum vitae (CV) This is the most common way in which applicants let Tesco know that they are interested to work in Tesco. CVs are very useful to Tesco as they advantages Provides an overview of the applicant Easy to produce Taught at school Can be used in the selection process Can be used to compare against requirements disadvantages May not provide vital information Not everybody has easy access to computers The letter of application This is simply a letter asking for the job and explaining why they are suitable it. Human Resources department staff may need to read hundreds of application letters so it is in the applicants interests to pay attention to doing it properly. advantages o Can be used in the sorting process o Provides an overview of the applicant disadvantages o The person taught to write letters well at school will stand out even though their other qualities might no be so good o The letter may miss out information, which is important, and conversely is likely to dwell on factors, which make them look a more attractive applicant. The application Form This is a far more commonly used method of selection. Consultants devote hours to designing a new and better forms which will extract even more accurate information from people. advantages o Specific requirements from the job and person specification can be compared with the application form o Questions, which might otherwise not be answered in CVs or letters, can be asked. o The form can act as a framework for the interviewer, making the interview easier to conduct. o Forms can be kept of all short listed candidates and drawn on them again if another vacancy arises. o The form for the successful applicant will become a very useful part of his/hers personal records. disadvantages o Costly to design and produce. The effects of I.C.T on recruitment documents The advance of I.C.T means that companies like Tecso use their web site to advertise jobs. They also have online application forms that will appeal to a wider range of audience. Their website also facilitates for C.Vs to be sent directly to Tesco. The new ways of capturing information is a great advantage to Tesco. They receive application forms and C.Vs within minutes, which saves them time and money. However initial costs of setting up the websites are very high, but the Human Resources Department doesnt have to worry about this because Tesco will have a website whether the Human Resource department want to use it or not.

Mr. Smith Goes to Washington Essay -- film analysis, reassuring image

Mr. Smith is portrayed as an honest man with strong opinions. He is the ideal politician in an ideal society. The film Mr. Smith Goes to Washington depicts a "reassuring image" that happens to be "an image of the past" (Wheeler). However, in today's legislature, people like Mr. Smith are rare due to the fact that a politician's primary goal is re-election. The good of the people may come as another intention of a politician, but it is always secondary to "bringing home the pork." There should be more people like Mr. Smith because the legislature would be able to make decisions more effectively and efficiently, rather than how slowly they currently operate. This is an unfortunate truth, yet it is how our society has been shaped to operate. This becomes apparent after close examination of the United States legislature today and viewing of the film Mr. Smith Goes to Washington. Mr. Smith was appointed to be a Senator on a whim. He was the leader of the Boy Rangers with no political experience. He was principled with a clear view on right and wrong. Mr. Smith took his ideals as far as risking his career when he did not compromise in order to maintain his beliefs. In addition, special interest groups did not impact Mr. Smith's decisions. He was untouched by the corruption that he learned existed in the legislature. Yet upon discovering it, he did not change himself. Mr. Smith did not place any emphasis on re-election and did not care if people thought negatively about him as long as he remained with his values. Mr. Smith's values make him unique and give him the ability to be noticed within the legislature. The manner in which the United States legislature is currently set up allows someone similar to Mr. Smith to thrive in society... ... 11 Nov. 2009. Web. 3 Feb. 2014. 11/mr-smith-goes-to-washington-discussion.html>. Hudak, John. "Lessons from the Shutdown: Pork and Earmarks Help Break Gridlock." Brookings. Brookings, 30 Oct. 2013. Web. 4 Feb. 2014. 10/29-shutdown-lessons-the-benefits-of-pork-hudak>. Johnson, Eliana. "Shutdown Deal Includes Pork-Barrel Spending." National Review Online. NRO, 16 Oct. 2013. Web. 4 Feb. 2014. shutdown-deal-includes-pork-barrel-spending-eliana-johnson>. Panahi, Heather. "Common Criticisms of Legislatures." Feb. 2013. File last modified on Feb. 2013. PDF file. "radical." Def. 1-10. Dictionary.com. Dictionary.com, n.d. Web. 3 Feb. 2014. .

Amerindian History Essay

The history of Trinidad begins with the settlement of the island by Amerindians. This dates back to at least 7000 years at Banwari Trace which is the oldest discovered human settlement in Eastern Caribbean. The Amerindian tribes were referred to by various names, example: Yaio, Garini, Nepuyo, Warac and many others. They were described as a peaceful people. The closest approximation to formal education was father’s instructions to boys in the use of tools, weapons, the lore, rites and religion of the group. These religions were particularly formalized by caciques or chief with respect to their sons. They were actively engaged in hunting, gathering fruits and shell fish as a means of survival. Their main staple was cassava. They traded with their neighbours on the mainland although they did not have a money economy. Christopher Columbus, before his third voyage had promised the queen of Spain, Queen Isabella that the first land he came upon would be named after the Holy Trinity. It was considered a miracle when the first land he sighted was the three peaks of the Trinity Hills. They anchored the next morning (1st August 1498) at Point Erin. On the second they sailed to Icacos Point and Anchored in the Gulf or Paria. After exploring the Gulf they anchored on the 12th August 1498 at Monkey Harbour on Charcachacare Island. On the 13th August 1498, they sailed through the Grand Boca and claimed the island of Trinidad and Tobago for Spain. Trinidad and Tobago was reported to be densely populated at the start of the colonial period. Although in 1510, Trinidad was said to have peaceful Indians along the whole South America Coast, the demand for slaves to supply the pearl fisheries in nearby Isla Margarita led to them being declared â€Å"Caribs† (thus, fair game for slaves) in 1511. As a consequence, Trinidad became the focus of the Spanish slaving raids. Under a system employed by the Spanish Crown (Encomienda System), a person was granted a specific number of natives for whom they were to take responsibility. The receivers if this grant were to protect the natives from warring tribes and to instruct them in the Spanish language and in the Catholic faith. In return, they could extract tribute from the natives in the form of labour, gold, or other products. Failure to comply with this usually led to extreme punishment and death. The Amerindians were against this encomienda system which was basically a form of slavery and they were also against conversion to Christianity. Their way of life as they knew it was no longer, in that, they would now have to follow the Spanish culture, example, learn and speak the Spanish language, attires would be that of the Spanish influence, they now planted cocoa instead of cassava, and they would now have to follow Christian faith. Under this system many Amerindians were wiped out. Spanish missions were established as part of the Spanish colonization here as in its other New World conquest. In 1687 the Catalan Capuchin frairs were given the responsibility for the conversion of the indigenous population of Trinidad and Tobago and the Guianas. In 1713, the missions were handed over to the secular clergy. Due to shortage of missionaries, although missions were established they often went without Christian instructions for long periods of time. Between 1687 and 1700 several missions were founded in Trinidad but only four survived as Amerindian villages throughout the eighteenth century. 1. La Anuncita de Savana Grande (Princes Town) 2. Purisima Concepcion de Maria Santisima de Guayri (San Fernando) 3. Santa Ana de Savaneta (Savonetta) 4. Santa Rosa de Arima (Arima) The mission of Santa Rosa de Arima was established in 1789 when Amerindians from the former encomiendas of Tacarigua and Arauca(Arouca) were relocated further west. On December 1st 1699 the Arena Massacre (also known as the Arena Uprising) took place. This was as a result of the tension between priests and Amerindians. Amerindian in an attempt to regain their freedom murdered many priest. After being hunted by the Spanish, some of the survivors (Amerindians) were reported to have committed suicide by jumping off cliffs into the sea, however some were captured. Although the Spanish settlement began in the 16th century, the population in 1783 was less than three thousand, the Majority being Amerindians. In 1783 the proclamation of the Cedula of Population (a law passes by the Spanish Crown) granted 32 acres of land to each Roman Catholic who settled in Trinidad and half as much for each slave that they brought. Under this law, incentives such as free land, and exemption from paying most taxes, were granted. Because of the Hatian Revolution, many people from the French islands saw this as incentive and migrated to Trinidad along with their culture and slaves. The French at this time would have planted Sugar Cane for the purpose of Trade which would have in turn improved the economy of Trinidad. A census in 1777 showed 2763 people, by the time 1797 the population 17,643, by 1960 the population was 827,957, by this time the population contained no Amerindians.

Defy Gender Roles

Christina G. Tarango Professor John ENGL 2342 April 21, 2013 Conform or Defy Gender roles in the society of the human race have always been that the women bare the children and take care of the home while the man is out working and bringing home the money to support his family. In certain societies this is still true and women do not have a say in what they do. The role and identity of women in certain societies has been shaped and it is up to the woman under this conformity to conform or defy.The roles of women through the eyes of Marjane Satrapi as a young girl were quite â€Å"normal† for her. As a young girl she did not realize how different of a life style she was living from other young girls her age living in Iran. For example when she was six she says, â€Å"I wanted to be a Prophet because our maid did not eat with us. † Later on in the story she reveals that their maid named Mehri was eight years old when she had to leave her parents’ home to come to wo rk for Marjane and her family.As a teenager, Mehri begins falling in love with the neighbors’ son. When Marjane’s family finds this out her father goes over to the boys home and tells him, â€Å"I know that Mehri pretends she is my daughter. In reality she is my maid. † Marjane does not understand why this cannot be. Her father says, â€Å"You must understand that their love was impossible, because in this country you must stay within your own social class. † Marjane begins to understand the whole concept of the Revolution and wants to demonstrate against it.Women in the novel conform to and also defy the expectations that are placed on them by going out and demonstrating during the Revolution but also confirm by wearing the veil. Over a broadcast a man declares, â€Å"Women’s hair emanates rays that excite men. That’s why women should cover their hair! If in fact it is really more civilized to go without the veil, then animals are more civ ilized than we are. † Marjane says, â€Å"In no time the way people dressed became an ideological sign. † Marjane says, â€Å"There were two different kinds of women, the fundamentalist woman and the modern woman. The fundamentalist woman covered her entire body with a black veil and only showed her face. The modern woman to show their opposition to the regime would still wear the veil but let a few strands of hair show and they would not cover their entire body either. They would wear pants, boots, and long coats. This was done in order to protect the women from all the potential rapists, it was decreed that wearing the veil was obligatory. As a teenager she was stopped by the â€Å"Guardians of the Revolution. † These women were in place to arrest women who were improperly veiled.At the committee, they did not have to inform parents and they could detain girls for hours or even days. They could be whipped and in short anything could happen. This was quite trau matizing for Marjane however she did not tell her parents. Overall, the effects of these societal expectations on the psyche and development of Marjane as a child were very influenced by the revolution. Her parents tried their best to protect her from what was going on in their country. They tried to still give her all the liberties of that the Western children had.They did not want to take away from her childhood and wanted her to have the absolute best. They wanted her to have the best education and normal social life possible and free of terrorism. At the age of fourteen she was sent away to Austria where she would finish school and be a lot safer. WORKS CITED Satrapi, Marjane. Persepolis. United States: Pantheon Books, 2003. Print. Satrapi, Marjane. â€Å"Persepolis. † The Story of a Childhood. 2003: 6. Medium. Satrapi, Marjane. â€Å"Persepolis. † The Story of a Childhood. 2003: 36-37 . Medium. Satrapi, Marjane. â€Å"Persepolis. † The Story of a Childhood. 2003: 74-75. Medium.

Free Essays on Jacob And Esau-The Birthright

Jacob and Esau-The Birthright Does Rebekah do the right thing in sending Jacob to receive the blessing meant for Esau? I believe she does! Having read the account many times, I’ve formed the opinion that the birthright was meant to be for Jacob. I will support this opinion by scriptural account. During her pregnancy, Rebekah enquired of the Lord, why her children struggled within her. â€Å" And the Lord said to her, two nations are in thy womb, and two manner of people shall be separated from thy bowels: and the one people shall be stronger than the other people; and the elder shall serve the younger.†(Gen 25:23) Rebekah had conceived twins. The first-born was red and covered in hair. They named him Esau. The other came out and took hold of Esau’s heel. They named him Jacob. In contrast to Esau, who is described as a cunning hunter, Jacob is said to be a plain man, dwelling in tents. I don’t believe that this was a bad thing. In Gen 25:29-34 we read; 28 And Jacob sod pottage: and Esau came from the field, and he was faint: 30 And Esau said to Jacob, Feed me, I pray thee, with that same red pottage; for I am faint: therefore was his name called Edom. 31 And Jacob said, sell me this day thy birthright. 32 And Esau said, Behold, I am at the point to die; and what profit shall this birthright do to me? 33 And Jacob said, Swear to me this day; and he swore unto him; and he sold his birthright to Jacob. 34 Then Jacob gave Esau bread and pottage of lentils; and he did eat and drink, and rose up, and went his way: thus Esau despised his birthright. This rationalization seems to reflect more scorn then hunger. Surely, if Esau’s life had been in jeopardy, Jacob would have freely fed his brother. The point of this account seems to be how little value Esau place on his birthright and the rights of the covenant. This is further proven by his marriages to Canaanite women, (Gen 26:34-35), which broke the covenan... Free Essays on Jacob And Esau-The Birthright Free Essays on Jacob And Esau-The Birthright Jacob and Esau-The Birthright Does Rebekah do the right thing in sending Jacob to receive the blessing meant for Esau? I believe she does! Having read the account many times, I’ve formed the opinion that the birthright was meant to be for Jacob. I will support this opinion by scriptural account. During her pregnancy, Rebekah enquired of the Lord, why her children struggled within her. â€Å" And the Lord said to her, two nations are in thy womb, and two manner of people shall be separated from thy bowels: and the one people shall be stronger than the other people; and the elder shall serve the younger.†(Gen 25:23) Rebekah had conceived twins. The first-born was red and covered in hair. They named him Esau. The other came out and took hold of Esau’s heel. They named him Jacob. In contrast to Esau, who is described as a cunning hunter, Jacob is said to be a plain man, dwelling in tents. I don’t believe that this was a bad thing. In Gen 25:29-34 we read; 28 And Jacob sod pottage: and Esau came from the field, and he was faint: 30 And Esau said to Jacob, Feed me, I pray thee, with that same red pottage; for I am faint: therefore was his name called Edom. 31 And Jacob said, sell me this day thy birthright. 32 And Esau said, Behold, I am at the point to die; and what profit shall this birthright do to me? 33 And Jacob said, Swear to me this day; and he swore unto him; and he sold his birthright to Jacob. 34 Then Jacob gave Esau bread and pottage of lentils; and he did eat and drink, and rose up, and went his way: thus Esau despised his birthright. This rationalization seems to reflect more scorn then hunger. Surely, if Esau’s life had been in jeopardy, Jacob would have freely fed his brother. The point of this account seems to be how little value Esau place on his birthright and the rights of the covenant. This is further proven by his marriages to Canaanite women, (Gen 26:34-35), which broke the covenan...

20 Geography Dissertation Topics to Call Your Audience to Action on Summer Holidays

20 Geography Dissertation Topics to Call Your Audience to Action on Summer Holidays 20 Geography Dissertation Topics to Call Your Audience to Action on Summer Holidays One of the most important choices you will ever make in your academic career is the topic for your dissertation! John Komlos, a university professor, in the Chicago Guide to Your Academic Career advices to take a balanced approach to the choice of dissertation topics. As you you’re supposed to deal with a kind of work for a long period of your student life, it will have an impact on the direction of a future career. In fact, choosing a topic is a challenge for most students. And you may be at a loss for what topic to choose, or you haven’t found any good ideas yet. Don’t get worried! There is a solution, and you have found it in this article. The key point is obvious: it has to be something you feel passionate about. You can be eager to write a dissertation on something that holds personal interest for you. A dissertation is too labor intensive. If you are stuck or looking for inspiration, you’re moving in the right direction. We have done some brainstorming with topics for your dissertation! The following ideas can match or be adjusted to your interests. They are very flexible! Here are 20 geography dissertation topics: The Earth’s Tilt is Changing: The Reasons, Causes, and Effects Does the Climate Change Mean an Everlasting Summer? Water and Air Pollution: How Do They Change the Environment Each Summer Caribbean Coral Ecosystems Are in Jeopardy Why Are Natural Environmental Hazards Becoming More Common in Summertime? How a Change in Air Pressure Influences a Change in Climate The World’s Oceans Getting Warmer: Is It Going to Affect the Population? The Solar Energy Issues in India World Migration Report 2018 Shows Ill Conceived Facts Why Could Subregions of Europe Experience Scorching Summers? Petroleum Extraction Is the Worst Thing for Our Summers Are Fires in Latin America Affecting the Landscape? Weather Forecasting Technological Advantages in the Modern World How Extraterrestrial Seasons Show Our Future Fertility Rate Increases Every Summer in America: What? and Why? The Hazardous Waste: The Realistic Solution Summer Droughts Can Decimate Cities Without Proper Planning Differences in Asian Cultural Identities Because of Geography Endangered Languages in Europe Need to Cross Borders to Survive Why Are People Conditioned to Care Less About the Environment in the Summertime? As you can see, almost all of these topics are related to summer in some way. This word used in dissertation topic will help keep your reader interested! Everybody loves summer, especially, summer holidays. These are a good way to keep people interested and keep yourself motivated when writing! It’s important to choose a topic that other people enjoy, otherwise, you will not catch their interest. Did you see one you really liked? Don’t worry if you didn’t, but hopefully, you did. Now that you have these topics in mind, you can come up with your own in an easier way. Feel free to combine one of these with something you have already thought of. Either way, you have come out a step ahead considering a topic. If you do like what you see, then, it is time to get started! The next step is either to create an outline or get expert help from a good writing service. That will ensure that you are headed in the right direction towards a great dissertation. Good luck with the writing process. It is a big undertaking for sure!

Cultural Awareness, Understanding, and Acceptance Research Paper - 1

Cultural Awareness, Understanding, and Acceptance - Research Paper Example (Robert, 2003) Key words Idaho- A State in the US where the researcher lives Tribes- this is a group of people in a country with the same race, customs, language, and religion. (Hornby, 2010) Nimi'ipuu, and Shoshoni- Some of the examples of Native tribes found in Idaho. Mappings: (Digital Atlas of Idaho: Idaho's natural history on line, n.d Native tribes of Idaho The above tribes as indicated in the map, migrated into Idaho as one tribe, which its main economic activity was hunting and gathering. They later dispersed and went to different destinations as they looked for more food and natural resources that could complement their lifestyles. This led them to adopt different cultures according to how nature influenced their lives. There are three main cultures found in Idaho which include the Plateau culture, the Great Basin culture and the Great Plains culture. (Digital Atlas of Idaho: Idaho's natural history on line, n.d). Culture areas in Idaho Description of the tribes found in Ida ho The shoshoni: This tribe is believed to have migrated from their motherland into the US in the early years of 8,000 years ago. They have lived in New Mexico (as it is known today), and Arizona. Due to harsh climatic conditions which made life unbearable, they migrated in different directions. Others landed in the interior of Mexico. Another handful population moved to settle around Lake Mohave and survived mainly on hunting and gathering. This particular group did not settle in this region for long because of minimal resources, which could not satisfy the population. About 4,000years ago, the Shoshoni people stared to move into Idaho and by 1700s; there was a small but reasonable number of people who had settled in Idaho State. (Robert, 2003) The Shoshoni people occupied the Great Plains and their culture is known as the Great Plains culture. (Digital Atlas of Idaho: Idaho's natural history on line, n.d) Characteristics of the Shoshoni The Shoshoni people never embraced the eleme nt of politics in their life style. They mainly lived in extended families, which were built from intermarriages. They vastly depended on the resources found on the great basin region for a livelihood, mainly for food. They were nomads who would live in the valleys in the winter season, and their summer was sent in the mountains. They carried out their activities together e.g. they did their pinion nuts harvesting together, hunted together, even though they lived distantly from each other. With the way they lived, this could only mean that a peculiar strong bond existed amongst them. Their main economic activity revolved around hunting and women involved themselves in gathering. Fruit was an indispensable part of their diet. The Nimi'ipuu: Unlike the Shoshoni people who spent the better part of their early lives living in the desert, Nimi'ipuu occupied the river region. The rivers found here were Salmon and Snake which had clear and fresh water. The mountainous region in southern Id aho provided a suitable hunting space where they would find desired game meat. They also migrated from time to time for the sake of looking for food like the Shoshoni. It is vital to note that the Nimi’ipuu had a vast share of resources and this encouraged some of them to settle therefore, forming small villages. They had water in plenty compared to

Commercial Litigation Assessment Essay Example | Topics and Well Written Essays - 2500 words

Commercial Litigation Assessment - Essay Example ended that the court had jurisdiction since Austria was the place of performance of the contract as evidenced by the Brussels Convention’s Article 5 (1). Further, in all the invoices raised by the Gasser to MISAT, Austrian court was mentioned as a ‘choice of court’ clause and MISAT had never raised any objection over it. Within the meaning of Articles 17 of the Brussels Convention and because of the trade usage and practice existed in the trade between Italy and Austria, the two parties had consented to accept the jurisdiction of the Austrian courts. Whether the court second seised may evaluate the authority of the court of the first seised if the second court has the sole deciding authority under Art 17 or must the second court prevent its proceedings as per Art 21 albeit the accord granting jurisdiction. (Sheppard 2007: 211). Though, there is no involvement of English parties in Gasser case, UK government still presented its written remarks on the question raised. It was submitted that in cases of unique jurisdiction, a derogation from Art 21 can be made by the court second seised and can declare its verdict without awaiting for the court first seised to decide that it had no legal standi on the issue. They counted on ECJ verdict in â€Å"Overseas Union Insurance â€Å", which dealt with Article Sixteen as opposed to Article Seventeen, which was in question this case. It was further contended that the court named in the agreement authorising jurisdiction will, in normal parlance, be in a better status to rule as to the impact of that agreement by applying an essential law of that Member Nation. (Sheppard 2007: 211). The European Court held that the objective of Art 21 is to bar corresponding actions occurring in courts of various Contracting States as to stop implementation of judgments. Hence, so as to give effect to this, Art 21 shall have to be given a wide elucidation. It was viewed that under the provision of Art 21, until the legal status of the court

Discuss problems arising from IAS 17 Essay Example | Topics and Well Written Essays - 750 words

Discuss problems arising from IAS 17 - Essay Example Firstly, restructuring of the asset at the inception of lease treaty creates more amounts recorded in the fixed assets and decreases the asset earnings. If the current value of total future lease obligations upsurges, it affects debt equity ratios and liquidity solvency ratios. Secondly, identification of entire forthcoming lease payments as obligations may cause breaching of debt agreements causing debts to become due immediately. Similarly, reporting profits may decrease when depreciation and interest expense is more than rental expenses. This makes it difficult for the IAS 17 to be fully implemented in international accounting. What’s more, it is impossible to deduct interest expense for tax purposes. The principle is inapposite in service contracts like copyrights and patents. It is normally applicable to tangible assets. ISA 17 is irrelevant and inapplicable to the service part of the contract as the guideline does not transfer the right to use the property. Additionally, classification of a sublease into an operating lease may lead to income incongruity. Categorization of a sublease into operating lease will lead to a leaser recognizing amortization of interest expenses and their right to use the property leased (Monson, 2001). Hence, the leaser may recognize rent proceeds in a manner that is considered as evenly spread during the entire lease period (Young, 2011). The transitional leaser will, thus, incur a forfeiture due to the earlier murky arrangements previously made. Also, this mushroom from interest and depreciation that increases proceeds of operating lease in earlier periods causing a swap in later years from interest rates decreases. A situation arises under current standards where the head lease is a finance lease and sublease is operating lease, but the IAS 17 proposals will lead to arrangements to classify head lease currently as an operating lease. The staff may also not propose to adjust and amend