International Business Essay Example | Topics and Well Written Essays - 500 words - 4

International Business - Essay Example Modern society belong to the world of globalization and liberalization. Most of the countries changed the rules and regulations to accommodate Globalization and Liberalization. The boundaries of such countries are open to MNC’s irrespective of their origin or culture. But the main problem is such MNC’s have monopolized the market and small companies found it extremely difficult to survive in the market. The entry of MNC’s mostly welcomed by the consumers since they are getting quality products at affordable prices. But the small local companies are unanimously opposing the entry of MNC’s because of their inability to compete with the MNC’s. Now the question is how far a government can open their doors for the MNC’s? Can a government keep a blind eye towards the needs of small local companies? How can a government protect the interest of small local companies after signing agreements with regional trading blocs? â€Å"Regional integration agreements (RIA), also known as regional trading blocs, have become one of the major international relations developments in recent years. Most industrial or developing nations belong to one or more RIAs, and there are many. It has been said that more than one third of all world trade takes place within RIAs and that percentage increases daily. The merits and demerits of foreign culture will be induced through the MNC’s which will be a threat to the tradition and culture of the country.

Traditional Chinese Society Essay Example | Topics and Well Written Essays - 2250 words

Traditional Chinese Society - Essay Example Mencius and Confucius are the major characters supporting the lowering of women dignity in terms of social positions. The Ming dynasty of traditional Chinese, was considered different in the way they exercised power. Sima Qian one of the great grand historian, explains how patterns of dynastities were practiced in the past. He was given the responsibility of compiling document of the Chinese heroes by his father before he passed away. Brook (37) suggests that in the Late Ming Courtesan, there three policies brought out periodically by different characters, they included the transmission, transaction and the transfiguration. Transmission policy took about the portrayal of courtesans, in a particular historical mode mediating itself in distinctive contexts and genres. In this policy, Hongyu Huang explains how Wu Weiye tries to allegories a courtesan’s disaster in the invigorated poetry as history convention. This was in turn accepted by eighteenth century imaginary tale and late Qing opinionated poetry. Wu Weiye himself was groundbreaking stature in Chinese writing establishing in office, a new poetic style called Meicun ti. The sequence of Wu’s long tale that contain the seven syllabic lines, expresses the Ming Qing family upheaval with the stress on people’s predicaments in the face of countrywide and personal crises. The Wu’s famous rhyme â€Å"Ballad of Yuanyuan,† customarily customary construes the better cynicism against the whole turncoat Wu Sangui and compassion for unplanned femme fatale. Transaction policy involves economic exchange to the distribution of cultural capital, gawk and body sandwiched between patrons and courtesans. Lawrence Yim reviews Qianyi’s poet, which involves how Qian Qianyi and Liu Rushi that made a very nice corpus called exchange poem, at the commencing of their relationship in the late Ming. The poetry becomes a fascinating object in collection of the Ming –Qings customary and lite rary memories. Its purpose is not to go over the Qian-liu legend, but to probe the intriguing parts of female’s body in their replaced poems (Mungello 46-47). Transfiguration policy tends to undercut the circuitousness of desire and the descriptions of history, by suggesting radical subjectivity characteristic to woman or the complexity of the subjectivity itself. In this policy, Ling Hon Lam studies an obscure called untalented where she defies her biographers’ narrative finality with the Ming’s downfall. The late Ming courtesans went through gender boundaries by skillful self- performance as poets, loyalists and knights-errant. Paradoxically, this suggested an aura tic image of a male subject integral rather than challenged, but was capable of holding onto despite the globe around him falling apart. This obstruct also discusses an obscure courtesan called Xu Feng and a chuanqi opera with a title called Xinghua Shan, is attributed to her. She gets married to a quiet family of Changshu and she is seen performing like lampoon of liu due to her incompetence in poetry and over behaving amidst her patrons. We find that the two biographies composed by Qian’s associates, describe the mysterious execute of Xu Feng with her ferocious apparition correspond with the submission of Nanjing. In traditional Chinese society, women were greatly oppressed due to the fact that men were seen as the central part of the family. For instance, the forerunner to whom a Zhou or a Shang family king made

Topics in Literature English Essay Example | Topics and Well Written Essays - 1000 words

Topics in Literature English - Essay Example Characterization can be a simple or a complex process. Basically, characterization is what characters "say" and "do" (The National Library Literacy Strategy, 2001, p. 2). Each character is seen as being made up of a number of dimensions: sense of identity, age, gender, religious persuasion, temperament, physical appearance, values, expectations, dreams, disappointments, inadequacies and loss, to name a few. The Shreklisch Onion Layer Model of characterization stresses that the psychological profile of the fictional character must incorporate emotions, back-story, beliefs, practices and intentions (Wikipedia, 2006). It is by way of the language and actions of the character within the text that the reader is able to understand what are happening and why, without having to be told directly (i.e. indirect characterization). Although, with fiction that presents a completely new dimension of existence it may be necessary to spell out character specifics to the reader, due to the ambiguity inherent in novel texts (i.e., direct characterization). In most novels, plays, and essays, characterization develops along with the storyline and functions to support the fictional themes. Characters take time to create for an author, as they are getting to know another person, and aspects of who they are and how they interpret their world and respond to it in a way that is contingent on their values, requires the author to reflect on their own ways of thinking and behaving. A story may be completed driven by its characters; they are the key to unlocking the story. In such cases, the plot tends to come first, like a seed crystal of an idea that radiates out patterns of complexity and beauty in storylines as it creates the possibilities for characters to arise from the situations or settings (The National Library Literacy Strategy, 2001).The physical description of a character provides the reader with a general framework about the 'person': age, gender, ethnicity, physical appearance, style of dress, geo-historical location, and the way t he character moves. The reactions and responses of the character give the reader insight into the character's core values and attitudes (English Online, 1998). The dialogue of each character can provide the reader with deeper psychological insight of the character. The language that a character uses, their use of intonation, as well as use of pauses and silences, can instil in the reader the true feelings of what that character is experiencing. The surroundings enrich the background for the reader, making the characters more believable and understandable. This detail needs to incorporate all of the character's senses and perceptions of the setting. It is the author's ability to sew together the dialogue, reactions and descriptions that enables characterization to occur (The National Library Literacy Strategy, 2001). It is important that the author be aware that characters need to develop due to their fictional experiences, in order to come to life and 'be real". However, it is also essential that each character have a consistency of character as well, and it is this balance that leads the author through the characterization process.Ultimately, characterization requires the author develop characters by giving them; identity (e.g., have a name, appearance, values, temperament); creating

Traditional Chinese Society Essay Example | Topics and Well Written Essays - 2250 words

Traditional Chinese Society - Essay Example Mencius and Confucius are the major characters supporting the lowering of women dignity in terms of social positions. The Ming dynasty of traditional Chinese, was considered different in the way they exercised power. Sima Qian one of the great grand historian, explains how patterns of dynastities were practiced in the past. He was given the responsibility of compiling document of the Chinese heroes by his father before he passed away. Brook (37) suggests that in the Late Ming Courtesan, there three policies brought out periodically by different characters, they included the transmission, transaction and the transfiguration. Transmission policy took about the portrayal of courtesans, in a particular historical mode mediating itself in distinctive contexts and genres. In this policy, Hongyu Huang explains how Wu Weiye tries to allegories a courtesan’s disaster in the invigorated poetry as history convention. This was in turn accepted by eighteenth century imaginary tale and late Qing opinionated poetry. Wu Weiye himself was groundbreaking stature in Chinese writing establishing in office, a new poetic style called Meicun ti. The sequence of Wu’s long tale that contain the seven syllabic lines, expresses the Ming Qing family upheaval with the stress on people’s predicaments in the face of countrywide and personal crises. The Wu’s famous rhyme â€Å"Ballad of Yuanyuan,† customarily customary construes the better cynicism against the whole turncoat Wu Sangui and compassion for unplanned femme fatale. Transaction policy involves economic exchange to the distribution of cultural capital, gawk and body sandwiched between patrons and courtesans. Lawrence Yim reviews Qianyi’s poet, which involves how Qian Qianyi and Liu Rushi that made a very nice corpus called exchange poem, at the commencing of their relationship in the late Ming. The poetry becomes a fascinating object in collection of the Ming –Qings customary and lite rary memories. Its purpose is not to go over the Qian-liu legend, but to probe the intriguing parts of female’s body in their replaced poems (Mungello 46-47). Transfiguration policy tends to undercut the circuitousness of desire and the descriptions of history, by suggesting radical subjectivity characteristic to woman or the complexity of the subjectivity itself. In this policy, Ling Hon Lam studies an obscure called untalented where she defies her biographers’ narrative finality with the Ming’s downfall. The late Ming courtesans went through gender boundaries by skillful self- performance as poets, loyalists and knights-errant. Paradoxically, this suggested an aura tic image of a male subject integral rather than challenged, but was capable of holding onto despite the globe around him falling apart. This obstruct also discusses an obscure courtesan called Xu Feng and a chuanqi opera with a title called Xinghua Shan, is attributed to her. She gets married to a quiet family of Changshu and she is seen performing like lampoon of liu due to her incompetence in poetry and over behaving amidst her patrons. We find that the two biographies composed by Qian’s associates, describe the mysterious execute of Xu Feng with her ferocious apparition correspond with the submission of Nanjing. In traditional Chinese society, women were greatly oppressed due to the fact that men were seen as the central part of the family. For instance, the forerunner to whom a Zhou or a Shang family king made

The Relativist Doctrine Essay Example | Topics and Well Written Essays - 1250 words

The Relativist Doctrine - Essay Example Thus, the moral principle in a person, which determines what they perceive as truth, is based on an individual’s circumstances, culture, parental guidance and upbringing as well as ones opinions (Underwood, 2001). Thus according to this doctrine, there is no law that is obligatory to be upheld and to exercise control over all men. The law is based upon what a society or a group of people could perceive as suitable during a particular time and dependent on the situation. As the society keeps changing, so does the circumstances and the situations, necessitating the change of such laws ones upheld as the standard of control of the society. Thus, the standard of morality is also amenable to change, as the society and the environment changes (Sulloway, 1996). However, though this opinion is upheld by the doctrine, there arises a question as to whether there are some categories of behaviors, which can be universally acclaimed right or wrong. Truth is defined as saying of what is, th at it is and what is not, that is not (Sinclair, 1937). Thus, truth refers to the conformity to facts and actualities. Different cultures have different truths, meaning that it is the culture, which determines the truth and not the reverse. Therefore, the variance in different cultures creates the variance in different truth components as perceived by a people (Feynman, 1965). However, there is a different perspective held by the opponents of the doctrine of relativism. They uphold that a truth is acceptable universally, and thus its nature overcomes all the barriers, that of culture included, standing as the absolute right. According to the doctrine of relativism, if a person has a different culture form that of another, then the upbringing, the experiences and the perceptual evidences as held by the individual, determines the different values that the individuals attaches to their beliefs, and thus the difference in truths they uphold (Sulloway, 1996). The philosophy of relativism holds that Man is the measure of all things. Therefore, the truth can only be attained through the determination of an individual, based on how the individual perceives the world (Feynman, 1965). When a person gives an opinion regarding an issue, then it is an indication of their standpoint both psychological and personal. The lack of parallel culture affects the psychological make up in different people, creating an avenue through which culture determines the truth. However, the limitation associated with this perspective is the fact that if truth is relative, then the knowledge obtained by individuals, based on their cultures cannot be universally applicable. This raises a question as to why knowledge principles apply to all regardless of their cultures (Sinclair, 1937). In consideration of the philosophy of relativism, then any truth is determined by the reasoning of an individual, based on his culture. Reasoning allows individuals to create a compromise between different cultur es, assessing their similarity in concurring to beliefs and thus judge on their applicability (Underwood, 2001). Therefore, since not everyone’s truths are true, we generate different knowledge from such truths. Since different cultures imparts different values on an individual belief system, then the justification of issues, through reasoning leads to different knowledge upheld by individuals. Thus, with relativism, in value system and truths upheld by individuals and their cultures, comes about the differences in philosophies,

Art History Essay Example for Free

Art History Essay Jose De Ribera, Martydom of Saint Bartholomew, ca. 1639. Oil on canvas * Ribera uses this piece to scorn idealization of any kind. * The drama and brutality expresses the harsh times of the Counter-Reformation. * We notice Caravaggio’s influence on Ribera through the naturalism and drama used in Martydom of Saint Bartholomew and Caravaggio’s many works. Francisco De Zurbaran, Saint Serapion, 1628. Oil on canvas * Serapion was a British martyr who was supposed to fight the Moors in Spain, who ended up being butchered in Algeria. * What makes this piece different is a complete lack of violence. There is no blood or any sign of a wound, as we can see his white robe is spotless. * Unlike most martyr paintings that make the subject seem heroic and brave, Zurbaran captures the true helplessness of the saint, winning the viewer’s emotions. Diego Velazquez, Water Carrier of Seville, ca. 1619. Oil on canvas * This piece captures the social issue of the rich and poor of Spain during the time. * The contrast of dark and light shows elements of Caravaggio, who Velaquez had studied. * Although this scene shows everyday life, the care it conveys suggests a deeper meaning. Diego Velazquez, Surrender of Breda, 1634-1635. Oil on canvas * Velazquez aided Philip IV in regaining power by using Surrender of Breda as propaganda. * This piece was not only a symbol of Spanish nationalism, but a tribute to Ambrogio Spinola, the Spanish general of this war. * Velazquez’s relationship with Spinola made Surrender of Breda especially historically accurate. Diego Velazquez, King Philip IV of Spain (Fraga Philip), 1644. Oil on canvas * Velazquez portrays Philip as a military leader by focusing attention on his marvelous red and silver campaign dress. * The painting is also known as Fraga Philip, because it was painted in the town of Fraga in Aragon. * This portrait was just another example of Velazquez’s propagandistic images used for King Philip IV. Diego Velazquez, Las Meninas, 1656. Oil on canvas * The use of depth and content in this piece helped prove Las Meninas as Velazquez’s masterpiece. * The mirror on the back wall seems to be the reflection of the king and queen, meaning they are being painted on the other side of the room. * Velazquez actually painted himself as the artist in the room. Peter Paul Rubens, Elevation of the Cross, 1610. Oil on panel * Rubens used elements both from the Renaissance and of the Italian Baroque to create the first Pan-European style, as seen in Elevation of the Cross. * The tension is emotional and physical, as seen in Christ’s face and the grief of his followers. * The drama is intensified by the strong use of light and dark. Peter Paul Rubens, drawing of Laocoon, ca. 1600-1608. Black-and-white chalk drawing with bistre wash * The predominantly black chalk drawing shows Rubens’ study of classical representation of the human form. * This piece is obviously a revisit of the marble sculpture that depicted Laocoon and his sons breaking free from serpents. * Rubens had a big focus on mastering the human body, which led him to copy classical works of earlier master artists, such as this piece. Peter Paul Rubens, Arrival of Marie de’ Medici at Marseilles, 1622-1625. Oil on canvas * The painting depicts Marie arriving in France after a long voyage from Italy. * The women waiting for her is an allegory personified to represent France, and the goddesses, Neptune and the Nereids (daughters of the sea god Nereus), represent the sky and the sea rejoicing her safe arrival. * The surfaces are enriched with decoration to further bring the painting together. Peter Paul Rubens, Allegory of the Outbreak of War, 1638. Oil on canvas * The beautiful human forms and energy that take away attention from the chaos of this piece is a recurrent theme in Rubens’ other works. * The Thirty Years’ War was Rubens’ reason to create Allegory. * The woman clothed in black, deprived of her jewels and ornaments is an unhappy Europe. Anthony Van Dyck, Charles I Dismounted, ca. 1635. Oil on canvas * Charles I turns his back on his attendants as he looks over his domain. * His location on higher ground gives us the idea he is higher than all of his observers and followers. * The king impersonates as a noble man for a casual walk in the park, but no one can take their eyes off his regal poise. Hendrick Ter Brugghen, Calling of Saint Matthew, 1621. Oil on canvas * The naturalistic presentation of the subjects echoes the work of Caravaggio. * This piece differs from work of Caravaggio because the use of color, rather than extreme contrast of light and dark. * There is a definite claustrophobic effect as noticed by the figures being crammed into a well-lit room. Gerrit Van Honthorst, Supper Party, 1620. Oil on canvas * In this painting, Honthorst portrays the darker side of humanity. * The man on the right being fed by the woman is sometimes interpreted as a warning by Honthorst to avoid the sin of gluttony. * Honthorst frequently placed a hidden light source in his paintings, such as Supper Party, to work with violent dark and light effects. Frans Hals, Archers of Saint Hadrian, ca. 1633. Oil on canvas * The Archers were one of many militia groups that helped in liberating the Dutch Republic from Spain. * In this portrait, each man is a troop member yet individually different from the next. * The troop members’ attire further helps create a certain rhythm to the piece. Frans Hals, The Women Regents of the Old Men’s Home at Haarlem, 1664. Oil on canvas * This piece captures the details of each sitter and their cultural characteristics. * The women seem to have different emotions all around, from complete disinterest to concern of their environment. * The monochromatic theme of this painting further adds to the painting’s restraint. Rembrandt Van Rijn, Anatomy Lesson of Dr. Tulp, 1632. Oil on canvas * The students’ individual faces tell us each has different feelings and thoughts about the man being dissected. * Van Rijn diagonally placed the body to break away from the strict horizontal orientation found in traditional paintings. * Rembrandt chose to have the students all on the left side to highlight Dr. Tulp and the body.

The importance and potential of job rotation

The importance and potential of job rotation Job rotation is the surest way of keeping the employee away complaint and daily routine. It is difficult for an employee to sustain his interest in the given job. Humans have the tendency that they want to earn profit from job rotation like learning and experience in different jobs in a specified period. In an organization, Job rotation has importance because it effects the performance of employees and also effects the profit of a company or organization. By job rotation employees developed himself a lot learn that how the task will complete or what is the parameter is required for the different jobs. A well planned job rotation programmed in an organization has immense potential of positive impact on job satisfaction, engagement of people and finally on retention of people. Few of the outcomes of job rotation with respect to the individual are: Job enrichment Overall development Intrinsic motivation to perform caused by newer challenges Career development Leadership development Aligning competencies with organizational requirements Lower attrition rates Performance improvement driven by unique view points of new people Organizational interest employee commitment, attrition rates, specific business issues etc. Eligibility of the employees qualification, prior experience, aptitude, competence etc. nature mandatory or voluntary Duration Basis of selection etc. In the absence of aspects brought out above, there is every possibility that the seriousness with which the job rotation scheme is implemented in the company may get diluted and become a cause of sagging employee motivation. Job rotations at different levels of management For job rotations at a slightly higher level, it is absolutely necessary that the business problems in various areas are identified. This calls for the active involvement of top management. Select most suitable people to be shifted from their current jobs to tackle the challenges at hand by considering individual attributes already described above. This will not only provide an insight for the future leaders in various aspects of the business but also will enhance their confidence levels as they solve these critical problems for the organization. Job rotation at junior and middle level executives may be pivoted around their strengths and attributes and the future roles expected of them. Focus must be on exposure in all related areas of his domain of expertise, so that as they grow to higher rungs of the management, they have an overall experience of their domain. Job rotations for workers must include aspects related to work environment, also along with other individual attributes already explained, so that it adds to his satisfaction derived from balanced distribution of work load, working conditions and learning opportunities. Done this way job rotation gets aligned with career development, leadership development and employee satisfaction which would finally result in higher levels of intrinsic motivation among the employees and hence may contribute in retaining talent Benefits of job rotation programs for learning, Motivation and Performance I) Business benefits and impacts 1.  Business results   effective systems improve business results especially in the areas of sales, product improvement and customer service. 2.  Increased productivity   because highly skilled innovators and top performers are placed in the right job, the productivity and effectiveness of these individuals will be multiplied driving and increase in the effectiveness of the overall workforce. 3.  Better business cycle fit   in larger organizations, some parts of the business are in different lifecycle stages (i.e. seed, start-up, established, expansion, decline, and exit). Proactive and targeted movement better ensures that an individual is placed in a business cycle where their skills and interests are a better fit. 4.  Increased innovation and idea generation   moving individuals into new situations provides them with an opportunity to view things as an outsider and to propose new approaches that insiders might not see. 5.  Best practice sharing   as more individuals rotate between business units, the likelihood that best practices will be shared rapidly increases. Increased internal movement can result in the cross fertilization of ideas between previously isolated business units. 6.  Increased agility and flexibility   having the capability of moving talent from areas of low return to areas of high-return increases organizational agility and the ability of management to shift resources as needs change. 7.  Better understanding and cooperation   by rotating individuals between disparate business units, individuals from both units can learn to better understand and appreciate the perspective of others. Increased movement helps to break down hierarchical silos and information and talent hoarding. For example, purchasing professionals can better understand the problems faced by the individuals that have to operate under purchasing guidelines if they occasionally rotated into those business units. 8.  Improved contacts and relationships   increasing internal movement allows individuals to build their contacts and to strengthen their relationship with individuals outside of the direct team. II) People-management related and HR related impacts 11.  More talent is available   because individuals are proactively selected and moved faster, there are more and better qualified individuals available to managers with sudden or new strategic needs, than when individuals self select themselves for movement. 12.  Improved employer brand image   in a tight economy, everyone is likely to be heavily focused on job security. If you provide and publicize your focus on inside hiring preferences, it will bolster the firms external brand image of offering long time employment security and a good place to work because you focus on the needs of your current employees. The increased security that you offer may also increase the retention rate of your current employees. Excellent internal movement programs are frequently praised by employees and the business press. If you have an excellent program, it will help you build your external image as an employer of choice and a best place to work. 13.  Allows for more entry level hiring   by filling most jobs internally through transfers or promotions you allow the firm to do to do almost all of its external hiring at the entry level. This is a good thing because entry-level jobs are cheaper to fill, have a larger candidate pool and give the firm more time to train and assess unknown external hires while they are in jobs where they can do less damage. 14.  Higher retention rates   rapid movement minimizes frustration and burnout. People working in their ideal job are unlikely to find a superior opportunity outside the firm. 15.  Leadership development   multiple on-the-job learning opportunities are likely to develop leaders faster and more effectively because the development assignments will include opportunities to lead more teams under a variety of circumstances. 16.  More promotional opportunities   more rapid development and more internal movement creates a greater number of new opportunities for employees to get promoted and move up. 17.  Increase motivation and excitement   not only is the individual more excited because they have a chance to grow but each permanent internal movement also provides an opportunity to back fill that position, further motivating others to strive for promotions and transfers. 18.  Increased learning   as individuals move more frequently not only will they gain more knowledge but they will also develop mechanisms for learning faster when they enter future situations. 19.  Increase technical skill development   moving between diverse projects provides an increased opportunity to develop current technical skills and to learn new skills. 23.  Decreased time to productivity   your current employees already know the culture, the company jargon and they already have a range of contacts. As a result, internal transfers and promotions can begin the job sooner because they dont need a great deal of orientation to get up to speed and they dont need to give notice before they begin learning and helping out. 24.  Lower job failure rate   because youre hiring individuals that already know the culture and you know their skill set and performance better than external candidates, the job failure and termination rate is generally lower with internal transfers. External hiring costs are significantly higher than the cost of internal transfers. 25.  Increase manager excitement   having different employees with their excitement and new ideas rotate in and out will serve to relieve boredom and help to excite your managers. 26.  More diverse ideas   by having more diverse employees moving in and out of your department, the team will gain diverse ideas, as well as learning how to better understand the value of having a diverse workforce. 27.  Decreased need for layoffs   having a large percentage of your workers that have a broad set of skills as a result of frequent movement means they are more capable of moving into new jobs or business units. This added capability and flexibility means that more workers can be transferred rather than laid-off from business units need to be reduced or shut down. 28.  Individual employee benefits   individual employees will also receive benefits from faster internal movement including more opportunities for development and learning as well as a faster overall career movement because they are proactively placed in the right job. 29.  Increase understanding between overhead in the line   the formerly isolated individuals that work in overhead functions will spend more time working in-line functions. As a result, there will likely be more cooperation and less bureaucracy emanating from overhead functions. 30.  Improving managers   with the increased number of rotations, and the feedback emanating from rotatees, it will be increasingly difficult to remain a hidden bad manager anywhere in the organization. Having more workers join the team might force managers to develop procedure manuals and templates so that new hires can get up to speed more quickly. 31.  A competitive advantage   intramovement programs are designed not in isolation, but instead to provide a competitive advantage over competitors. As a result, the initial design of the program and its periodic updates are designed to ensure that program is superior to what is offered at competitive. CONCLUSION After study the benefits importance of job rotation we can see that its a important process to develop the organization culture productivity of organization. It also helps for the development of employees in the organization or company. By this process employees learn about different jobs and improve the skills and knowledge about jobs. An organization can gain or profit after this program. Because this process developed the working skills and efficiency of the workers. So, job rotation is important for the all the organization. ARTICLES Best Practices for Bank Board Committees Nov 2008, the article is written by David Baris, Community Banker, and Washington. Most bank boards of directors need board committees. Even during these challenging times, there still remain bank boards that do not have committees. Additionally, just having board committees in place doesnt mean that they are functioning well or serving the best interests of the board. In the Guidebook to Effective Bank Board Committees, author Jack Milligan pointed to four critical elements for the successful operations of board committees that may also be considered best practices: 1. a clear, written charter outlining responsibilities, formats for reporting to the full board, composition, and rotation of membership, 2. clearly designated staff support from management, which minimizes confusion when requests are made for information and ensures that the board has the benefits of inside expertise, 3. assurance that all pertinent information is available in advance of committee meetings, and 4. adequ ate time to do the job. Planning for success Jun 3, 1997 in this article Teresa J Dean, Patrick Dalton, Bankers News, Washington says that To make the best use of a consultant, John Kreitler of law firm Shipman Goodwin offers ideas for a written contract, including: 1. Provide a clear description of the work with outcomes and responsibilities. 2. Have a clear schedule that will provide early warning signals of problems. 3. Establish procedures and criteria for what is an acceptable final product. The weekly rotation of jobs in the data processing and customer service sections has improved both morale and productivity at Marion State Bank. Advanced Automated Bank System Goes Live in Norway In March 1988, Fellesdata AS, an advanced, integrated, automatic banking system, went live in Norway. The NCR system includes a network of 16,000 terminals located at 850 savings bank locations. The bank customer benefits from lower service charges and more efficient service, while the banks benefit from better utilization of resources, more opportunities for job rotation, and an enhanced competitive edge. Services offered include: 1. payment of travel fares, 2. hotel and restaurant payments, 3. toll booth payments, 4. business terminals offering banking and other functions, 5. issuance of bank cards, and 6. network management. The banks will offer fully automated services, such as: 1. Minibanks installed at central points in the community, 2. payment of fuel and associated goods, 3. electronic funds transfer at the point of sale (EFTPOS) terminals for payment of goods and services, and 4. a synthetic voice system. With the system, bank employees can provide all services from one wor kstation. The system includes transaction handling of deposits and withdrawals, loans, and credits. Stress Management Training in the Banking Profession Mirabile, Richard J. said that Stress exists when the demands of a situation outweigh the available resources, thereby requiring adaptation or readjustment. A seminar was conducted to provide stress management training to a group of banking professionals in a medium-sized, Midwestern bank. The premise was to identify the primary sources of stress within the profession and to develop a set of strategies designed to deal with each stressor identified. A pre-session questionnaire asked respondents to list what they felt to be the primary obstacles to successful job performance. The stressors listed were placed in 4 groups depending upon their frequency. The most frequent stressor was customer demands/contact. The 2nd phase of the seminar involved addressing specific stressors by suggesting possible methods for effectively managing that stressor. Relaxation techniques were presented to participants to supplement the verbal content of the stress management concept. Small Bank Computer Systems-The Practicalities of Control Tarwater, Joan. In the small computer systems of many banks, traditional electronic data processing (EDP) controls are lacking because either there is no clear separation of duties or resources are limited. This necessitates more active involvement within the top levels of bank management in understanding the capabilities and limits of the data processing function. This involvement represents the best alternative to the formal, traditional controls that may be absent. The computer environments, the audit, the separation of duties represent 3 critical areas where alternative controls need to be developed. Security measures, such as no smoking in the computer room may be amended, for example, to allow smoking in certain areas of the room. Audit duties may be divided between the controller and his secretary and an annual external audit may be instituted. Alternative controls to separation of duties may include job rotation, or increased top-level management in the daily operations of th e data processing function. Rx for Worn-Out Bank Managers Deeney, Jack. American Bankers Association. ABA Banking Journal Deeney, Jack. For companies with increasing numbers of middle- and senior-level managers who do not seem to care anymore, executive rehabilitation should be considered. People are an organizations most valuable resource. A large portion of worn-out managers are the result of technological bypass. Middle- and senior-level managers do not automatically progress through the stages involved in implementing new technologies. They become overwhelmed and confused when they are left behind. Top management must be committed to the rejuvenation of its managers, who need to feel they are important and that they have an opportunity to grow and advance. The managerial personality needs both feedback and challenge. Programs should be directed toward the retention of key executives and the remotivation of marginal performers. The best methods for accomplishing these objectives include: 1. outside training, 2. importing outside experts, 3. apprenticeship with a senior-level manager, 4. restructuring responsibility, 5. job rotation, and 6. multi-level review Floor discussion of Labor Market Responses to a Change in Economic System, by Flanagan . The World HYPERLINK http://proquest.umi.com/pqdweb?RQT=318pmid=13775TS=1272465813clientId=129893VInst=PRODVName=PQDVType=PQDBankHYPERLINK http://proquest.umi.com/pqdweb?RQT=318pmid=13775TS=1272465813clientId=129893VInst=PRODVName=PQDVType=PQD Research Observer. In a discussion of Flanagans article, Labor Market Responses to a Change in Economic System, the question was raised as to why unemployment is so high in Central and Eastern Europe and so much lower in the countries of the former Soviet Union, where wages seem to have taken the brunt of adjustment. According to Richard Layard, wage flexibility exists in countries of the former Soviet Union because the workers position relative to management is weak, which has lead to more job rotation than in other countries. Layard mentioned a wage subsidy for downsizing, that is, to limit cyclical employment. Based on US experience with subsidies targeted to particular groups of workers, Flanagan was not convinced that paying the subsidy to the employer gets around the problem, because for some problems the employers choose not to use the subsidy. Flanagan realizes that it was an item of faith in the active labor market community that targeting increases efficiency, but there is at least some evide nce from US targeted wage subsidy programs that targeting may facilitate adverse signaling. The trader: The bulls charge into cyclical stocks, tech shares rally smartly and utilities go begging Bary, Andrew. Barrons. New York, The panic that sent the Dow Jones Industrial Average plunging 171 points a week ago Friday lifted by the following Monday morning, enabling the stock market to regain at least the appearance of its old health. Nearly all the Dows gains came Monday when the average surged 110 points, its 3rd-largest point rise ever. That rapid recovery only reinforced the view among many investors that selloffs are no longer the dreaded events of old but are to be welcomed as a buying opportunity in a great bull market. Out of portfolios went drug companies and makers of household products, along with banks and utilities, and in their place came a host of cyclical industries, including chemicals, aluminum, autos, retailers and technology. DuPont rose 5 1/8 to 81 1/4, while Caterpillar advanced 4 3/4 to 72, and Sears Roebuck added 4 1/4 to 50 1/8. IBM gained 5 5/8 to 119 7/8. The Dows biggest looser was Merck, down 2 1/4 to 62 1/8. Training employees of a public Iranian bank on emotional intelligence competencies Mina Dadehbeigi, Melika Shirmohammadi. Journal of European Industrial Training. The purpose of this paper is to examine the possibility of developing emotional intelligence (EI) as conceptualized in Boyatzis et al.s competency model. Design/methodology/approach Designing a context-based EI training program, the study utilized a sample of 68 fully-employed members of five branches of a public bank in Iran; each branch underwent an eight-week (each session 120 minutes) EI training program. Pre- and post-tests were conducted to assess EI development using emotional competence inventory (ECI-2), a 360-degree measurement tool. Findings Only one EI cluster out of four improved significantly and only some of the specific dimensions showed this significant improvement, while others did not have a clear change and even some self assessments deteriorated. Research limitations/implications Lack of a control group, small sample size, and short training program are the main limitations of this study. Practical implications Detailed explanation of the method could be a g uide for service organizations that wish to improve EI. Originality/value Because of the lack of empirical studies in this field of research, the paper reports the results of a pre-/post study on EI training and development and sets out to add to this narrow literature. 10. BUSINESS LINE: India: MAs seem a reality among public sector banks Businessline. Chennai: Nov 19, 2000 After a successful three-year stint at the helm of the Punjab and Sind Bank (PSB), which turned around sustainably, Mr. Surinder Singh Kohli took over as Chairman and Managing Director (CMD) of the Punjab National Bank (PNB) in April. A mechanical engineer from the Benares Hindu University, Mr. Kohli is also Chairman of the Indian Banks Association (IBA) and the acting Chairman and Managing Director of the Small Industries Development Bank of India (SIDBI). In a candid interview with Business Line, Mr. Kohli discussed the various issues affecting the banking industry. VRS is not the only method to improve productivity. It is one measure to right-size banks and may increase productivity. Besides the VRS, it is necessary to augment HRD activities, including job rotation, changes in the performance appraisal system and provide incentives that would improve the motivation of bank employees. In the PNB, the VRS is open from November 1-30, and action on the VRS requests will be taken there after. Overall, more emphasis has to be placed on training. We have 10 training centres, a Regional Staff College at Panchukula and an apex college at Delhi. Two more regional training centres are coming up at Thane in Mumbai, and in Lucknow, Uttar Pradesh. They will bolster the banks existing training capacity. The annual expenditure on training is about Rs 10 crore. Measures such as performance appraisals, career- path and succession planning and the introduction of non-monetary incentives to the staff are being initiated to augment HRD activities. REFRENCES: http://en.wikipedia.org/wiki/Job_rotation http://www.alagse.com/hr/hr9.php http://www.citehr.com/1205-eight-points-you-need-consider-about-job-rotation.html http://www.allbusiness.com/services/educational-services/4286266-1.html http://www.docstoc.com/docs/24775105/JOB-ROTATION-AND-TRANSFER/ http://hrmba.blogspot.com/2009/11/job-rotation-and-transfer.html