Assertiveness is the ability to express your feelings, opinions, beliefs and needs directly

â€Å"Assertiveness is the ability to express your feelings, opinions, beliefs and needs directly, openly and honestly, while not violating the personal rights of others.†(Holland and Ward 1990) Corollary to which, being assertive entails knowing its limit because the right of a person ends where the right of another person begins.   Being assertive is an expression and protection of one’s right up to such an extent where one protects and respects the rights of others.â€Å"There's a kind of integrity that goes along with assertiveness — meaning what you say, when you say it, in the way that you say it.† (Davidson, J. 1997).   Thus, it is ultimately aimed at generation a resolution to problems that is amenable and beneficial to all, essential to maintain fairness and mutuality, which are the basic tenets of any form of human relationships.RightsIn legal parlance, a right is the legal entitlement to do or avoid doing something which is sanctioned by law or the provisions of a contract. However, everyone has rights that are inherently conferred to us by virtue of being humans, which is called human rights. (Gewirth, 1998) Human rights are universal, every person is entitled to it; equal, every person has the same rights; and entail a correlative duty, the bearer of which under international law is the state or the government to which a person had pledged allegiance to.(Clapham, 1993) Perhaps the most basic of these human rights which Immanuel Kant himself declared is freedom –nobody owns one’s life except oneself.   From which the following rights can be derived: the right to decide for oneself in terms of behavior, idea and emotion; the right to change the same, the right to be independent in the conduct of one’s life, to join and not to join, to act or not to act or the right to have a choice.However, in the exercise of these rights, people are prone to commit mistakes.     The right to commit mistakes therefore is in essence part of a person’s right to make decisions and to have choices.   In as much as a person has the right to commit mistakes, he/ she also has the responsibility for the consequences of his/ her choices and decisions.Assertiveness is the balance between two extreme behaviors: passiveness and aggressiveness.   Passiveness or being non assertive is the renunciation of one’s rights which involves turning down one’s opinions, allowing others to decide for one’s own fate, or not exercising one’s right because of guilt or anger.Aggressiveness or being too assertive is the abusive exercise of one’s rights which involves intimidating other people, coercing or manipulating others (lying) thereby not allowing them to decide for themselves or, exercising one’s right to an extent of exploiting other people’s rights.   (Lloyd, 2001)In other words, â€Å"people have a fundamental right as human beings to express t hemselves so long as doing so will not trample on the rights of others.† (Davidson, J. 1997) Such assertion becomes am aggressionBarriers to AssertivenessA big barrier to assertiveness is the over watchfulness or worrisome of people to be misinterpreted as being aggressive and offensive.   It may anger others or hurt their feelings and consequently engender a feeling of hatred, a perception of arrogance or selfishness or even stupidity against the assertive person.These misled conclusions are basically drawn from misconceptions about assertiveness which involved legitimate rights, a sense of concern towards others and a sense of responsibility for the consequences of one’ s decisions. (Paterson and Paterson, 2000)

Benefits to having a CFO as CEO Essay

Part IIn today’s complex business environment, more and more companies are turning to Chief Finance Officers (CFO) to assume the premier position of Chief Executive Officer (CEO) of the company. However, the qualities required of a CEO are not always in line with the training and experiences of a former CFO. Yet the CFO can bring many qualities to the CEO position to help a company succeed. What are the benefits to having a CFO as CEO, and what are the required qualities of a CEO that may hamper the CFO’s success in this position?As the leader of a corporation, the CEO must be a well rounded leader. The CEO’s key responsibility is â€Å"making critical strategic decisions and creating conditions for those to be well-executed† He must have the people skills to motivate and build consensus both among the employees, shareholders, and board members. He must be able to develop a strategy and swiftly and effectively implement it. â€Å"A CEO must think at a higher level of abstraction – more inductively and less deductively. A CEO must be more willing and able to act on key decisions with fewer facts, relying more on grounded assumptions. And a CEO must be able to communicate effectively to a broader constituency – in particular, he must be far more politically attuned.† John Dasburg, CEO of Burger King and former CFO of Marriott International IncGenerally the CEO is more concerned with the â€Å"Big Picture† of the company, and can not afford to immerse themselves in the details of any specific area. They are the motivators and leaders. Often the CEO can be successful simply by selling his vision and strategic plan, while letting others such as the CFO work out the details. In contrast, people expect the CFO to be detailed and analytical, even critical in their examination of the strategic plan, by examining it for financial flaws. Probably the biggest barrier preventing CFOs from succeeding as CEOs is that of management skills. The CFO is an expert in the financial underpinnings of the company, but often is not required to display skill in people or project management. CEOs often make decisions based on the analytics, as well as intangibles learned from these skills; intuition, personal knowledge of those involved, and consumer opinion for example. In addition, the CEO is often required to make decisions with limited time to examine the details,  something the CFO is trained to specifically not do. The CFO is trained collect and analyze all the data before coming to a decision. They look at different factors, from NPV to the timing of cash flow and returns; then calculate the risk of the investment. The CEO will often look at the same data, yet will not give the hard numbers the same weight as the CFO. Instead, those intangibles may weigh heavily in the making of the decision. The CEO is often willing to accept take more risk than the CFO. The transition to being able to make the hard decision without all the data may be a difficult one for the analytically oriented CFO to make. Another functional area the CFO will have little experience in is marketing. Sales and marketing will always be an important part of business. Many CFOs are hired to cut costs to increase the efficiency of a company. Marketing is generally a favorite target of the cost cutters. In a sluggish market, this may be effective, but in a growth market such as seen in recent years, focusing more on marketing can led a company to success. CFOs rarely have experience or understanding of marketing and sales, and their relationship to the market. This lack of dedicated experience can harm a company when it needs to grow to succeed. However, the recent economic down-turn, to include the fall of the dot-coms and telecommunications companies, the numerous high-profile scandals that have racked prominent companies and the global growth that continues in all business has led to financial expertise being a top priority for a new CEO. The CFO can bring many skill sets to the CEO position to mitigate the complexity and public, and government, oversight prevalent in today’s business environment. By definition, CFOs are more focused on the finances than a CEO normally is. However a financial background can greatly help a CEO to understand the status of the company, and can lead to enhanced success, while at the same time staying out of the scandals. The responsibility for regulatory compliance is the domain of the CFO. They are trained in the details required to keep the company within the legal bounds. As stated by Deborah Thomas, head of treasury at Michael Page International:†The CFO has had to pick up responsibility for responding to regulatory changes. And with regulation, compliance and corporate risk at the forefront of everyone’s minds, the CFO makes the perfect choice for CEO†By the time a person is promoted to CFO, they possess an innate understanding of the regulations, legal requirements, and a comprehensive knowledge of the financial status of the company. These are all skills that a CEO needs to possess to be successful. As a CEO, the CFO may be capable of managing the regulatory complexities, while still finding opportunities for growth. Today’s CFO is better-rounded than those in the past. Partly due to the recent scandals, the CFO works closely with the CEO in developing and executing strategy. It is often the CFO who is now the face of the company, managing the daily relationships with the shareholders. Today’s CFO is invested in the daily operations of the company, and will now come to the CEO seat with a full understanding of operations and strategy. With business becoming increasingly complex, due to increased public oversight, regulation, and global growth; it is imperative that a CEO have a strong financial background. Having the financial background can lead a company to increased success. Rather than trusting those intangibles, the CFO may make decisions based more higher probabilities of success. He may avoid the big risks, and subsequent big payoffs, but will often show a steady growth and return. In fact, according to a study by Duke University, companies that are run by optimistic, dynamic CEOs often run a higher level of short-term debt and attempt to time the debt market, a sign of taking risks. Whereas companies run by former CFOs tend to have higher debt to equity ratios, an indication of stability. It is this ability to negotiate the risks that places the CFO as a highly  desirable CEO candidate. The CFO is able to assess the risks and their impact on financial performance. The CFO seems to perform well overall as a CEO. So well that the trend is growing, according to CFO Magazine in 2005, 20 percent of Fortune 100 CEOs were once CFOs, up from 12 percent in 1995. The key to success for the CFO seeking to become a CEO is to round out their experiences. They will possess they technical expertise to perform the job, they just need to be able to supplement that skill with the management and visionary skills requisite for a good CEO. References 1. Durfee, Don. SAY YES TO DR NO: New research suggests that CFOs are an essential counterweight to optimistic CEOs. CFO Asia, 7 Sep 2006http://www.cfoasia.com/archives/200609-07.htm2. Favaro, Paul. Making the Leap from CFO to CEO. Financial Executives Online. November 2001http://www.favaro.net/publications/cfo-to-ceo/CFOtoCEO.htm3. Durfee, Don. The Top Spot: Why more companies are tapping their finance chiefs for CEO. CFO Magazine. 1 October 2005http://www.cfo.com/article.cfm/44444684. Corporate Finance. CFO to CEO1 April 2005http://www.cristassociates.com/press/CorpFin_CFOtoCEO_040105.pdf

INTRODUCTION TO HEALTH AND CULTURE Essay Example | Topics and Well Written Essays - 750 words

INTRODUCTION TO HEALTH AND CULTURE - Essay Example Old age may come with a few disadvantages. It is possible to have Lanesha’s grandmother preoccupied with other aspects of her life, and may be incapable of thinking critically about what her granddaughter needs. Marietta may have a tough time having a normal routine with all the people under her care (Cross Cultural Health Care 1). It is next to impossible to look after two children and an older person, while being expected to remember every detail of their lives. It may be easier if she was a little bit younger, but it is an issue many individuals face. It is also a daunting task trying to carry on with one’s daily life when other individuals are in need of attention and care. Lanesha’s situation is tricky to many individuals. It is difficult to cater to a growing child who is in such a condition while all alone. Lanesha is trying to cope with the situation in her own way. In most cases, people tend to react to their situation in a way to suggest they are handling their condition. Lanesha, in this case, tends to lash out at everything and everyone around her. It is a common phenomenon among individuals who might feel helpless when under such situations (Cross Cultural Health Care 1). It is an emotional reaction toward her condition, which suggests that she does not like depending on others to carry out basic functions. Marietta, on the other hand, chooses to look at it differently in that, she wishes she was not responsible for her grandchildren and aging mother. This is explained her lack of interest in Lanesha’s medication when she says it is not her responsibility to do so. This is an indicator of strong, pent up emotions of hurt and sadness, which seem to be the order of the day in her life. Futility is another common indicator of her feelings toward the situation she might be facing (Cross Cultural Health Care 1). This may arise because; she is afraid there is nothing she might do to assist her granddaughter with what she is

Factors Contributing to Intelligence Success or Failure Essay

Factors Contributing to Intelligence Success or Failure - Essay Example This researcher argues that the intelligence community can successfully deliver its contribution to denuclearization process (Cordesman & Al-Rodhan, 2006). When those deployed are able to concretely provide accurate and sensible information to commanders and national legislatures for an effective understanding of complex counterinsurgency environment. This information must be holistic and integrated analyses from the ground and are logically reflective of the inherently complex â€Å"shades-of-gray† empirical truth, with mix conventional and systematic military that are color-coded in categories (Flynn & Flynn, 2012). Conversely, the intelligence community will fail if it lack rigorous study and evaluation of the issues, and when their information are not backed with empirical evidences to support suppositions, hence failing the analysts to logically see the holistic and integral reality of an issue (Flynn & Flynn, 2012; O’ Hem, 2012). The state, military officials and international body’s decision-makings on security management rely on evidences or proofs (Heuer, 1999). It is therefore expected that the intelligentia must be thorough, rigorous and comprehensive in its military intelligence leadership (Heuer, 1999). The latter’s policy and doctrines require the delivery of integrated and fused intelligence to inform officials without neglect of the fact that their work demand functional and technical and technical aspects of intelligence analysis (Heuer, 1999; Kan, 2011). It is expected that those who are deployed in this nature of job have depth interests on many tools for analysis such as, (a) political, economic, social, technological, logistical, and ecological analysis (PESTLE); (b) strength, weaknesses, opportunities, and threats analysis (SWOT); (c) business analysis; (d) forensic analysis; (e) demographic, historical and operational analyses; (f) psychological and socio-cultural analysis; and, (g) all forms of quantitative an d qualitative method of research. Being on the ground, they should be able to identify who are the friendly and non-friendly stakeholders that are supportive or not supportive in the collaborative efforts of denuclearizing Iran and the rest of the world. Connable (2012) proposed that intelligence staff should deliver a holistic understanding of the environment; mapping groups and persons to depict the bigger picture of the issue; and help commanders appreciate the complexity conflicting and conflicted nature of identity, motivation, loyalty, and behavior of those involved in the nuclear production trade. Through this, decision-makers seek relatively practical and clear analyses of all stakeholders and break their identities and relations (Connable, 2012). It is also important that initial alliance to those opposed on nuclear production in the domestic arena are established to facilitate the development of a political environment where public education are undertaken pertaining to th e impact of nuclear production in their very own community and how these affect its neighboring countries as well. Using praxis as evidences to produce accurate, realistic, and practical analyses from all-source fusion will be ideal, albeit acknowledging the limits of information collection in areas where they are somewhat impaired or where evidences do not exists. Their goals, within these processes, must be analytic in approach and needs to be pliant to unique circumstances and

Personal Statement for the admission of University of California

For the admission of University of California - Personal Statement Example My main motivation behind this application for admission in your University is my keen interest and experience in the field of Economics /Business major. I have completed third year in the Community College. I feel confident to seek admission in your University as the next step of the ladder of education and as the natural progression of my present academic qualifications. I hail from a business family from China. My father owned a factory and he was a watch manufacturer. He handled his business well and possessed good experience in production and marketing but the economic crisis of the 2007 was beyond the control of any prudent businessman. With such a severe jolt to the economy of the country he also suffered heavy losses and had to shut down the factory and our family budget was in shambles. Until then father used to manage everything, I did not have an idea as to what the family budget was, and suddenly we were in dire straits. At that juncture, I realized the value of money. As an inquisitive young man I began to do my own research as to why the country’s economy went haywire affecting thousands of families like us and what preventive or remedial measures would be necessary to challenge such a precarious situation. Each dollar was important, and we learnt how to prune the family budget and how to segregate the luxuries from the necessities. I was still in the high school, and the idea sprouted in my mind that the intricacies of business, the causes for rise and fall in prices and the events that led to the economic crises must be studied with a scientific approach. I broached the subject of economic theories with lots of application and got solution to some of the questions that bothered me. That was the beginning of my interest in the subject of Economics/Business. My next task was to cement my theory knowledge with real life applications. To gain practicalities of market functioning, I did my internship with an insurance company during the summer holidays in Hong Kong. Besides the experience in dealing with insurance related issues I got an opportunity to study the computer applications, as the working of the insurance company was totally computerized. Insurance companies have developed many types of packages depending on the need of various types of customers. Mostly, customers are not aware of the differentiation in different policies. Soon I developed expertise in handing insurance customers and completed the documents as per guidelines provided by my Supervisor. Though insurance business involves lots of discussions and convincing with the customers, I conclude that ultimately the issue is that of faith and mutual trust. Once the customers are convinced about the services and the end results of the products offered, they are willing to buy the policies. This internship completely changed my outlook about the application of technology in office procedures and the enormous advantages the clientele derived out of the same. Business tools and strategies have changed and are continuously on the change with rapid progress that is taking place without intermission in technology. If given an opportunity I will make it a point to make a detailed study of computer and technology applications in the insurance sector and prepare a research paper on the subject. My father was not much educated in the academic sense of the term, but he was a man of practical wisdom. He often used to say, ‘I study in the college of self-education, where my mind

Obesity Health Advocay Campaign Research Paper Example | Topics and Well Written Essays - 750 words

Obesity Health Advocay Campaign - Research Paper Example Despite these concerns, the rate of social expenditure in alcoholic drugs and narcotics has subsequently increased and are regarded as the major factors contributing to obesity. Due to the poor health and dietary habits of most Americans, there have been campaigns developed to stop the effect of this disease. To be an effective advocate campaigner it is important first to have clear objectives on how you wish to attain your goals. For this reason it is important to get powerful individuals who have high score chances of standing against a large opponent. It is important also to understand working under the public eye involves constant scrutiny and criticism. Provision 8.1 of ANA code of ethics requires that the nursing profession be committed in promoting health and welfare and safety of all people. Our aim is to reduce the number of people suffering from obesity from current 35.7% to less than 5% in the next 10 years. This will be done through health programs aimed at promoting good diet for the community and the public in general. This will be conducted through advertisements and home visits in areas where the cases of obesity are highly prevalent. We target schools and other institutions as we aim at providing guidance on how to end up with a healthy life. We will also get the community support by making three lists of our allies, opponents and unsure people to help us identify our target audience. Before doing this it will be necessary to acquire an IRB approval since we shall be dealing with human subjects. This research will provide hotlines to all the subjects to freely report on incompetent, unethical, illegal, or impaired practice behaviors or situations. However, during this time ethical dilemmas usually arise. One can be in a dilemma on whether to launch attacks on those who are on the opponent side or not. We shall also constantly remind our nurses that each one of them is accountable for individual practice according to the

Organizational Communication Issue of Toyota Research Paper

Organizational Communication Issue of Toyota - Research Paper Example But apologies regarding how the whole situation of information shared and communication with public has been done came much later. Toyota through press releases responded to the government, NHTSA’s queries and through this releases it tried to defend itself by refuting the claims made by Toyota users regarding the possible cause of faults in the vehicle. But in spite of this, Toyota had to pay a $16.4 million fine to NHTSA in USA on April 19, 2010. It was found out that Toyota face media scrutiny which leads to increased confusion of stake holders and their criticism and questions. Toyota’s failure to respond to the public and government in transparent way and it denied the problem until asked to take actions (May 100-107). An important function of organization is communication during crisis time. A crisis can cause financial loss, decreased confidence of stakeholders and buyers purchase intentions from the organization. To handle the communication training should be given to the spokesperson. To Lerbinger, Feran-Banks and Coombs, attention should be placed on media relation in crisis time. This was important for Toyota which gave late and vague response in media regarding recall of vehicle. Communication should include pre drafted messages from top management and news releases which can be used during crisis. Corporate Leadership Council  and Business Roundtable  supported the use of these templates. PR personnel will play a key role in drafting these messages. A separate website can be created for a crisis situation or a section in existing website could be devoted to deal with these. Stakeholders and media turn up to internet during crisis situation. Taylor and Kent in 2007 persuaded the use of internet during organizational crisis. Quick response by informing the media and stakeholders about the cause and nature of crisis from the side of organization is very necessary or

Primary Research on an Advertisement Essay Example | Topics and Well Written Essays - 2000 words

Primary Research on an Advertisement - Essay Example Not only was the advertisement hilarious but it also generated positive applause from the millions of football fans, especially in Africa. Clearly, the creators of this advertisement were innovative enough to acknowledge that football can be used to create attractive appeals to consumers through relating it with refreshing moments. While millions of viewers were united by football, the Coca-Cola Company identified this as a perfect opportunity to establish long lasting appeals of its Coke product to the football fans. This paper seeks to analyze the different ways in which Coca-Cola Company presented its intended appeals on football viewers, specifically the youth age group (between 18 and 30 years.) The advertisement is divided into five-screen sections of different settings: the old timer, the worrier, the show off, the admirers, and the die-hards. The advertisement begins with screens of football fans in different locations who are watching football matches. Some of the viewers are refreshing their throats with a Coke soda in the different locations. The next screen focuses on an old man who cannot sit down due to the excitement arousal caused by drinking Coke. Although he has poor vision to follow up the football match, he is keen enough to notice and celebrate a goal. The advertisement then shifts to a football fan who has actively chewed his football gloves due to the anxiety caused by watching a game filled with suspense. A woman appears, and hands him two bottles of Coke, which seem to offer him a sense of relaxation. Another screenshot appears where a girl seems to be celebrating that her team won, only to be informed by a man drinking Coke that the match is at half tim e. The next screen focuses on three chefs in the kitchen who are keenly concentrating on a football match while drinking coke. They seem to have forgotten about their occupational responsibilities; food seems to be burning in the background and

Appraisal Form Assignment Example | Topics and Well Written Essays - 1000 words

Appraisal Form - Assignment Example The sales and marketing, IT and financial departments are the most crucial to the company’s objectives. However, the survey revealed that employees in those departments feel that they are underpaid, overworked, deserve better wages and working hours than they receive now. The organisation has therefore decided to conduct an appraisal to determine the best way forward. The problem is known, now it is time to come up with the solutions. An appraisal would be the best approach to creating a remedy. The appraisal will take place from January 2015 to February 2015. The employees will be informed beforehand prior to the commencement of their holidays, and they will be expected to avail themselves on the start date. Informing the employees beforehand is important in preparing them for the task ahead by informing them on their expected roles in the process and the possible outcomes. Ideally, the appraisal should have been conducted in the month of December 2014, but there is little allowance for preparation by the company and the employees. The appraisal will take place every week between January and February, and will include all the relevant processes and exercises that are intended to make the whole exercise a success. Various processes and sub-processes will guide the exercise from the beginning to the end, and will be conducted based on set guidelines and objectives. Employees from the relevant departments will be expected to be available in all sessions unless they have valid reasons to abstain (Stapczynski, 2014:26). All the employees who abstain because of unavoidable circumstances will join the sessions at later dates and will continue taking part in the process until they complete all the sessions. The appraisal should be conducted by the human resource (HR) department of the organisation, with assistance from other departments

Summarize the four major pieces of legislation collectively known as the Antitrust laws Essay Example for Free

Summarize the four major pieces of legislation collectively known as the Antitrust laws Essay United States antitrust law is a collection of federal and state government laws, which regulates the conduct and organization of business corporations, generally to promote fair competition for the benefit of consumers. The four major pieces of legislation known as the Antitrust Laws include: The Sherman Act, The Clayton Antitrust Act, The Federal Trade Commission, and the Celler-Kefauver Act. The Sherman Act was created in 1890 had two major provisions which was to prohibit conspiracies to restrain trade and also to outlaw monopolization. In 1914 the Clayton Act was passed to expand off of the Sherman Act. The Clayton Act strengthened the Sherman Act in several ways: price discrimination, typing contracts, acquisition, and interlocking directorates. In 1914, the Federal Trade Commission Act (FTC) was created to enforce antitrust laws and the Clayton Act in particular. The FTC investigates unfair competitive practices and when appropriate issues cease-and desist orders. In 1950 the Celler-Kefauver Act was created to close the loophole the was left available from the Clayton Act’s Section 7. This clause was put in place to stop a firm from acquiring stocks in a competitive firm in order to merge. The Celler-Kefauver Act closed that loophole in order to prevent any firm from reducing the competition. (McConnell 375) B. Discuss the intended purpose of industrial regulation as it applies to the following market structures: An oligopoly is a market form in which a market or industry is dominated by a small number of sellers. An oligopoly has the ability to determine its own price and output. (McConnell 164) Industrial regulation is used to reduce the market power of monopolies. It’s also used to reduce the market power of oligopolies, prevent collusion and increase market competition. A pure monopoly is a market structure in which only one firm is the sole seller. The purpose of industrial regulation in regards to monopolies is clearly to protect the public from price gauging and companies controlling demand. Since monopolies have no competition they have complete control over pricing and production. (McConnell 195) C. Explain the major functions of the three primary federal and state regulatory commissions that govern industrial regulation. The Federal Energy Regulatory Commission or FERC (1930) is an independent agency that regulates the interstate transmission of natural gas, electricity, oil pipelines, and water-powered sites. FERC also reviews proposals to build liquefied natural gas (LNG) terminals and interstate natural gas pipelines as well as licensing hydro power projects. (2) The Federal Communication Commission or FCC (1934) regulates interstate and international communications by telephones, televisions, cable televisions, radios, telegraph, CB radios, and satellite in over 50 states. The FCC is directed by five commissioners who are appointed by the President of the United States and confirmed by the U. S Senate. (3) The State Public Utility Commissions is represented by NARUC which is responsible for utility services (electricity, gas telephones) in different states. (4) The reasoning behind the three is to control pricing so the public can benefit from the economies of scale that occur with monopolies and do so in a way that provides a fair return for those producers. Specifically, this intent is covered in the public interest theory of regulation which protects consumers from unfair pricing. D. Discuss the intended purpose of social regulation as it applies to all market structures. Social regulation deals with the broader impact of business on consumers, workers, environment and the third parties. Social regulation is concerned with the physical qualities of the goods produced, the conditions under which production occurs, and the impact of the production on society. Social regulation increases economic efficiency and societys well-being by: removing unsafe products, improving working conditions and safety, decreasing economic discrimination, and reducing pollution. One example is the Equal Opportunity Commission that enforces laws against workplace discrimination. Social Regulation intrudes into the day-to-day production process to a greater extent than industrial regulation. (McConnell 384) E. Explain the major functions of the five primary federal regulatory commissions that govern social regulation. Food and Drug Administration (1906) verifies safety and effectiveness of food, drugs, and cosmetics (1) Equal Employment Opportunity Commission (1964) exists to hire, promote, and discharge workers(1) Occupational Safety and Health Administration (1972) exists to ensure health and safety for workers(1) Environment Protection Agency (1972) exists to regulate noise pollution, air, and water-powered Consumer Product Safety Commission (1972) exists to protect the safety of consumer products(1)

Impact Of Globalisation On Developing Countries Economics Essay

Impact Of Globalisation On Developing Countries Economics Essay The negative impact is in the world economy due to globalisation especially to the developing countries can be easily described in ten points. According to the current financial crisis mainly developing countrys trade will suffer and the World Bank is predicting that trade will fall by 2.5% in 2009-2010, which would be the first decline in global trade flows since 1982. Many investors are frustrated that it is so difficult to establish different production and manufacturing industries in those developing countries due to having many obstacles and slowdown factors even before the crisis began. Some economists argue that the situation is currently declining and the downturn in trade has aspects which are particularly worrying for developing and emerging economies. There are some factors which are relatively important and can be describes as slowdown factors for the developing countries or poor nations. The factors are describes below. Instability Globalisation faces enormous resistance especially in the third world. The defender of globalisation argues that globalisation could not solve the entire problem. It has been accompanied by increasing instability in hundreds of countries during the last three decades. So poor nations become poorer and rich countries become richer in the world. The poor countries follow the rules and regulations of international agreements to open their market. But they fail to gain the success for lack of knowledge and information and large risks associated with this policy. Then they lose their money, wealth and sometimes resources. Most developing countries are weak and are deprived of a social safety net. Economic crisis Most growing economies in South East Asia and South Korea have suffered major economic crises in their currency and markets and in employment. The crisis is due to sudden withdrawal of short-term funds by western investors and large scale short-selling on foreign exchange and equity markets by speculators. The example can be the Asian crisis that began in the 1990s with financial meltdown in Russia in August 1998 and severe turbulence in Latin American markets particularly in Brazil and Argentina. Poverty There were 864 million people in poverty in the world due to globalisation and this is another factor. Although most poverty is predominant in countries like Africa and South East Asia, even people in China and India ,due to globalisation, are living on less than $1 per day. Whereas in developed nations the minimum wage is $7 per hour and people have a more comfortable life. Having political issues and a lack of skilled workers, degraded environment, and destroyed original culture and the pressure from IMF, USA, WTO, developing nations economies are deteriorating, Many countries have suffered increasing poverty. In East Asia and the Pacific, the rate rose from 2.1 in 1970 to 5.4 in 2009 and in South Asia rose from 3.1 to 6.0. Terrorism According to Financial Times editor Lionel Barber (2008) The economic crisis was far from over when another assault took place, this time in Mumbai. Terrorists, laden with plastic explosives, grenades and assault rifles, killed at least 192 civilians across Indias financial capital and laid waste to the luxury Taj Mahal Palace hotel. By singling out symbols of Indian opulence and power, the perpetrators consciously copied the September 11 terrorists who targeted the Twin Towers in New York. So we can see that the problems of globalization are not only with third world countries but also in developed countries that are facing the serious threat of terrorism. Globalisation was doomed in the aftermath of the outrage of September 11, 2001 in USA. The terrorists killed many people and destroyed the World Trade Centre. They also attacked in the Thailand holiday resort of Bali. The onward march of global economics has faced financial crisis, the stock market collapse in the world. (Financia l Times, Dec 22, 2008.). Globalization has another negative impact of using nuclear power. The nuclear stockpile is increasing in the world due to globalisation and this should be a warning to the world. Child Labour Discrimination: Child labour is increasing in the world. You can also find child labour in the USA which is the richest country in the world. In developing countries they sell flowers, cold drinks, and magazines on the street. They live in the unhygienic places which are bad for health and have been affected by different diseases. The international labour organisation and international agency raised the world labour issue and according to their report that 100 to 200 million children under fifteen are at work and 95% are from poor countries and half of them are from Asian countries. About 100 million children have often gone to primary school in those countries. The children sometimes smuggled into different countries in the world. This problem is longstanding and historically inherited. Political Barrier There were still political barriers in eastern European countries in which communism prevailed in the 20th century. Adapting to the global market, citizens of those countries took part in revolutions, thousands of people died and governments were formed to establish capitalism. Today their door is open for global business and they joined the European Union and get many subsidies from rich European countries and their economic condition is going to stabilise their position with low inflation Global warming and diseases The world has been suffering from different diseases and the cost of drugs is expensive. The average dollar income per head means those people are not able to afford to buy such drugs. AIDS afflicts many in Africa and South Asian such as India and Thailand can hardly afford drugs. Some developing lands have been accused for using greenhouse gas for pollution but the United States of America is biggest source of the greenhouse gas in the world. Infrastructure Problem Barrier There are still infrastructure problems in developing countries such as India, China, and Malaysia, Bangladesh etc. They dont have a strong telecommunication network for contact with another country or in different areas of their country. Still the same problem exists in Africa where the people live without electricity, pure water supply system, road, technology and telecommunication as well. That is why they are not able to cope with globalisation . Holders of Power:- Some economic scholars believe that business people sometimes take control of the country from sovereign governments by forcing illegal pressure. They lack interest in the long term benefits to the country and only look to their own interests to cope with global business in the global market. Brazils former president, Fernando Henrique Cardoso stated that he didnt rule Brazil because globalisation is swallowing national state and is inevitable as are its consequences, its disasters, exclusion and social regression. So this is a threat for the country and national sovereignty. Overcoming these barriers. There are several trade theories like Dunning OLI, Porters Diamond theory, Heckscher -Ohlin model, Global shift theory along with different core ideas can help in the expansion of organizations across national or international boundaries to cope with globalisation and reduce the barriers or problems in the global financial market. I have also tried to highlight its importance for economic growth in developing countries. Daniel (2007) writes in his International business book Think globally, but act locally which means the country should do what is best for its own people rather than what is best for the world. They try to influence and understand how their people can be benefited with the help of globalisation and improve the global economic condition and return to confidence and overcome the global slowdown and improve individual opportunity. 2.11.1 Dunning OLI Theory:- Dunning (1995) OLI wrote a paradigm that is very helpful for multinational enterprise and global trade to other countries. By following this theory we can benefit and can reduce the problem of globalisation in the world. O- Ownership Specific advantage:- Corri and Farquharson stated that ownership specific advantage refers to the type of knowledge and privileges where an organisation can make goods which are not available to its own competitors. The foreign direct investor not only depends on cost but also places emphasis on ownership factors such as skilled workers, network, and ease of access to capital and use of technology. Japans joint venture with Rover and producing Honda car in the UK is an example. They believe and have invested in the UK for having skilled workers, high technology and can produce good quality product with best performance. So globalization makes it possible. The Japanese Company can say it is a UK car. The world is becoming more competitive and it can be very difficult to survive in a global competitive market. So the multinational companies are aware of the ownership factor. Their emphasis on skilled workers at low cost brings great advantage. The multinational companies are now recruiting workers from Chi na and India at a low cost. They are looking for talented people anywhere in the world and it has not ended. PepsiCo recruited 300 extra people in their snack unit through a talent assessment program in 2006. EMC started a global innovation network for research and development workers in the world. So all multinational companies are devising new strategies on a global scale to survive market conditions. L-Location Specific advantage:- For meeting the global market demands, research and development is also needed. The location is another factor of Dunning theory where MNEs can gain access to complimentary assets based on the nations competitive advantages originated in the partners home countries due to globalisation. Management skill is an important factor and India have trained many people who have moved abroad and moved back to their own country to set up new businesses in the Software industry and garments factory. Market size and growth potential are the most important location factors according to Meyer (1998) and Floyd (2002). China, India, and Russia are good locations and those countries have low cost bases now. The market of China has grown GDP10% now. Indian software industry becomes more important in the world. One specific location in India is Bangalore where infrastructure is good now. The location is more attractive to USA and UK firms which show prominence in the software industry (Heek, 1999). The global software industry is estimated to be worth around $1,300 billion now. Indias software export was worth $12 billion in 2003 and has grown 26% over the fiscal year which is a good for a developing country. They export to the USA who is dominating the market, the US buys $6 billion software products (McManus, 2004). India exports 3% software products now in the world. There are still some infrastructure problems like cultural difference, language capability and software engineering ca pacity. If they can produce three million computer scientists they can fill their export target about $ 50 billion in 2008(IT trends2004). FDI is more attractive in China which employs a low cost strategy. China now takes up 4.4% of this industry sales in the world. The production has grown about 12% for the last ten years. And the value of production output to reach US$96 billion by 2010(Wang, 1999). China has also strong domestic software industries which hold 33% of the market. The official policy is to increase this to 60% by 2012 (Gartner, 2002). I Internalisation Specific advantage:- Internalisation is a specific advantage which occurs when international markets face increased costs, because of transaction costs that global activity faces currently. In some respects that cost represents a natural barrier. Another factor is labour cost which is very high in developed countries. The theory of international division can help by their domestic market that can reduce the production cost with the help of low labour cost (Frobel, 1980). He also argues that the global profit can increase when production costs are low. This is possible in low-cost areas such as Eastern Europe and the third world countries such as India, China and Bangladesh. There needs to have been research development, good transport and communication technology (Corri, Farquharson). McManus and Floyd (2004) both stated that today India has benefited from having technological innovation. They improve the research centre and Google the worlds largest search engine is all set to open a development centre in Bangalore in India. Another leading web company, Yahoo carries out development work in Bangalore. IBM has also set up a laboratory in Delhi and 70 researchers in India. Mobile phone giants Virgin media and Vodafone have run their businesses in India recently. India now becomes a 1500 million people market now. The giant mobile handset company Nokia is to set up a research and development hub in India. Intel conducts 15-25% of its research and development outside the US and 900 in Bangalore and expects to add 1,100 employees in that company. India produces around 100 thousand computer science graduates a year. The Chinese government has prioritised boosting the information technology industry and it has become a national guiding principle in economic construction . China has an ambitious plan to turn the software industry into a new pillar industry in the 21stCentury. Chinese government has also initiated the e- government project. The success and demand on Internet protocol (IP) and Broadband subscribe line, latest net enabled devices; personal computer and semiconductors are the most popular sector in the global IT world. Personal computer users in The Middle East and Africa will increase to 17% from 7.2% in 2008(because of lower taxes, concern government effort to get PCs into school). And in Asia (excl Japan) it will be more moderate 11%. Asia is becoming the largest mobile phone market in terms of subscribers. However, the market of China has appreciated at almost 10% GDP of late in terms of growth. Now half of the world population has a mobile phone, and growth rate is nearly double. It is not used just for talking; it has now high speed Internet that people can download music, video, data etc 2.13 Heckscher -ohline Theory:- Heckscher -ohline theory is also very helpful. With the help of globalisation it is possible to remove the poverty and improve the global world. The concept of this theory is that the country has more capital but not enough labour. In this way a nation can invest its money in any poor or developing country to their mutual benefit. Sweden, Netherlands and Finland are among those countries whose capital outweighs their labour. They can invest in any Sub- Saharan African or developing country such as China or India. These countries have large labour forces or they can produce large labour intensive goods. Globalisation makes free movement of labour across borders and raises the income of labour. We have also gained knowledge from Heckscher-Ohlin theory extends the concept of comparative advantage by explaining the observed trade structure according to comparative advantages from the country-specific abundance of production along with some countries with relatively large capital but less labour focus in capital-intensive goods and high-tech products. This is seen in Japanese firms where they make substantial use of robots to assemble vehicles whereas Spanish firms, who have access to the same technology, do not because labour is relatively expensive compared to capital in Japan (Tayeb, 2000). 2.14 Global Shift Theory:- Todays global economy is genuinely borderless. Information, capital and innovation flow all over the world at top speed, enabled by technology and fuelled by consumers desires for access to the best and least expensive products (Ohmae, 1995, inside front cover). Dickens (1992) suggest in his global shift theory that the world become more internationalised and more globalised due to capital which was organised by multinational companies. The theory includes three important factors such as high technology for quality production, the relation between government and foreign organisation where any large organisation can do international business overseas with the help of politics and economics. From the business point of view, this global shift theory helps to build organizations assets, shareholders, personnel, value of chain, with which they exercise power on a global scale and growing. For example in 1960 the US was one of the biggest exporters of automobiles in the world however they had an enormous trade deficit in 2003 of $112 billion. While Japan has a comparable trade surplus of $92 billion because of their production locations abroad and they build more cars in exporting countries then other competitors like (USA). By using these theories not only the developed country can globalise their business in the world but also the developing can receive help for improving their own countrys GDP growth or financial position. Good financial health also helps to improve the populations life expectancy, and removing all barriers in the market and playing a significant role in the global economy and participating and contributing in overcoming economic crises. FDI its role in Global economy with the help of globalisation Foreign direct investment has swung back towards the developing parts of the world. Vast areas that had been shut from trade, investment and market forces have sought to join the capitalist club, opening their borders, reforming their economies and welcoming multi-national investment (The Economist, 1993). The participating players in Asian markets are Australia, China, Hong Kong, India, Indonesia, Malaysia, Pakistan, Philippines, Singapore, South Korea, Sri Lanka, Taiwan, Thailand and Vietnam. While China stands as the largest foreign direct investment recipient among these countries, discounting for its huge market size, fast economic growth, low labour costs, relatively well educated human resources, economic and geographical characteristics. Chinas relative performance in attracting foreign direct investment inflows is only at a level moderately above average among the developing countries. Some people have argued that globalisation is not to blame for increasing poverty and ineq uality. The current distribution of economic and political power in the world is fair. Foreign Direct Investment (FDI) is playing an increasing role in the world economy. Global FDI inflows were 29% higher in 2004 a total of $916 billion. Flows to developing countries in 2005 rose by 22% to reach a record high of $334 billion. Developed countries also saw increased flows; they saw a rise of 37% to $542 billion. It provides for equal opportunities for poor and in global affairs, relatively powerless. At the world level poverty is declining. FDI is one of the key factors in globalisation. It maintains some basic rules to invest. To be a success in the global economy nations have to follow the FDI laws and regulations.