Tuesday, May 26, 2020

Asset Light Strategies Are the Only Way Ahead for...

Topic 6: â€Å"Asset light strategies are the only way ahead for international hospitality companies.† In the topic asset light strategies refers to international hospitality companies owning less assets. Assets are â€Å"items of economic value owned by an individual or corporation, especially that which could be converted to cash† (www.investorwords.com). The various different strategies international hospitality companies use in order to ‘lighten’ their assets could be by franchising, management contracts and offshoring (also known as outsourcing). Each of these strategies will be explained in depth throughout the essay. The reason why businesses would want to have fewer assets is because they want to get out of having asset-heavy balance†¦show more content†¦The operator runs the hotel for a fee according to specified terms negotiated with the owner; the most common of these terms are described below in more detail† (www.hospitalitynet.org). However by hospitality companies using management contracts to run companies then they can gain from econo mies of scale, gain brand recognition and obtain a global reservation system. Alternatively there are some downfalls to management contracts such as conflict of interest (Outcome and behaviour control). â€Å"Outsourcing is a business process term for what has literally become known as hiring a consultant, independent contractor, or freelancer to do a specific task or tasks for an organization in which the organization either does not have the time or the expertise to do on their own† (www.internetbasedmoms.com). Outsourcing is commonly said to be the same as offshoring but with the increase in globalisation the distinction between the two has and will become less overtime. Outsourcing is commonly used in business segments such as real estate management, human resources, facilities, accounting, information technology and in this case in the hospitality industry. In the hospitality industry, more specifically in hotels functions such as â€Å"Reservation/ Loyalty Contact Centres; Distribution; Fulfilment;Show MoreRelatedThe Impact Of Customer Satisfaction On Brand Loyalty2409 Words   |  10 Pagessatisfaction is arising as a big challenge in the hospitality industry. Brands are introducing and accepting in every good economy, which give an indication that customers are not only giving importance to tangible products and services but they also look for the self-esteem behind the scene.(Sutton, 2003). Dr. Mary Jones from University of Bath (2009) put light to this particular issue by saying that customer retention is profitable for a company, but it needs quality services, superior values andRead MoreA Comprehensive Analysis of Hyatt Hotels Corporation and How It Relates to Competition Within the Hotel Industry27390 Words   |  110 PagesSegment 18 Global Segment 19 Industry Environment 21 Intensity of rivalry 21 Supplier power 22 Buyer Power 22 Threat of substitutes 22 Threat of new entrants 23 Competitor Environment 23 Introduction 24 Future objective 25 Current strategy 26 Capability 28 Assumption 30 Driving Forces 31 Economic growth 31 Globalization 31 Technology 32 Room Service Remodeling 33 Go green 33 Key Success Factors 34 Multiskilled and flexible workforce 34 Franchising 34 QuicklyRead MoreMarriot vs Fairmont7689 Words   |  31 PagesContents Introduction and Background 2 Industry 2 Fairmont 2 Marriott 2 Why These Two Companies? 3 Environmental Analysis 4 General Factors 4 Specific Factors 4 Customers 5 Environmental Uncertainty 5 Shareholders/Stakeholders and their Interests 5 Hotel Industry Changes in 3 to 5 years 5 Organizational Culture 6 How Is Company Culture Established? 6 How is Culture Developed? 6 How is Culture Maintained? 7 Social Responsibility and Ethics 8 Reputation 8 Ecological FootprintRead MoreEnvironmental Safety And Reserve Conservation1727 Words   |  7 Pagesnation have shown that the international matter of greatest apprehension to people is the environment. Most people are now responsive that long-term financial growth, a high standard of living, and good public health cannot be continued unless we take improved care of the world s environment. Businesses often unenthusiastically arc opening to reflect this awareness with management tactical designed to put up the environment. This process of greening strategy is shifting the way businesses function andRead MoreHyatt Regency Paper8223 Words   |  33 Pages[pic] Analysis of Corporate and Business Strategies Executive Summary The following report will describe an overview of the current environment and how it is affecting the hotel industry, and then will be preceded by a corporate level and business level strategy analysis. The company that will be the subject of the paper will be Hyatt Global Corporation, and its brand, Hyatt Regency. In the PESTE (Political, Economic, Socio-Cultural, Technological, Ecological) analysis the group discoveredRead MoreCompany s Vision Of The Mountain Glen Shopping Center1815 Words   |  8 Pagescontinuity of customer relationships during the changeover by: †¢ Retaining two key staff members of jeff’s pizza †¢ Maintaining the existing price levels Goal two: maintain market share and sales and grow market share to 40% in 18 months. The strategies to achieve this goal are: †¢ Increase the number of customers †¢ Increase the average sales size †¢ Increase repeat trade from customers †¢ Undertaking more aggressive marketing and promotion Goal three: generate a before tax net margin of 20% forRead MoreThe Indian Hospitality Report6743 Words   |  27 PagesThe Indian Hospitality Industry Tourism Hospitality in India is based on the Sanskrit adage ‘Atithi Devo Bhava’ or ‘guest is god’. The concept was adapted by the Ministry of Tourism, Government of India which aims at creating awareness about rich variety of tourism in India. India is currently ranked 12th in the Asia Pacific region and 68th overall in the list of the worlds attractive destinations, according to the Travel and Tourism Competitiveness Report 2011 by the World Economic Forum (WEF)Read MoreTan Sri Lim Goh Tong Biography7572 Words   |  31 PagesTan Sri Lim drifts into iron mining accidentally. Tan Sri Lim joined as a partner in an iron mining company which couldnt settle the outstanding payment of two bulldozers with him, and this proved to be a successful venture as he earned an extensive amount of profit from the mining industry. This includes forming a joint-venture tin mining company which was one of the first Chinese tin companies to operate dredges in mining tin. While dealing in heavy machinery, Tan Sri Lim accumulated a wideRead MoreTan Sri Lim Goh Tong Biography7565 Words   |  31 PagesTan Sri Lim drifts into iron mining accidentally. Tan Sri Lim joined as a partner in an iron mining company which couldnt settle the outstanding payment of two bulldozers with him, and this proved to be a successful venture as he earned an extensive amount of profit from the mining industry. This includes forming a joint-venture tin mining company which was one of the first Chinese tin companies to operate dredges in mining tin. While dealing in heavy machinery, Tan Sri Lim accumulated a wide rangeRead MoreEssay about Restaurant Business Plan10168 Words   |  41 Pagesconcept of combining dining and entertainment at the same time and place. The restaurant will be located at the wharf in Manly, thirty minutes from Sydney CBD. The target market will be tourists and immigrants from South America as well as other international tourists and locals. La Barata will focus on middle and upper class but will not by this exclude other target markets. The restaurant will create a warm and welcoming environment that allows the customers as well as the employees to get a feeling

Friday, May 15, 2020

The Currency Act of 1764

The Currency Act of 1764 was the second and most impactful of two laws passed by the British government during the reign of King George III that attempted to take total control of the monetary systems of all 13 colonies of British America. Passed by Parliament on September 1, 1764, the act extended the restrictions of the Currency Act of 1751 to all 13 of the American British colonies. It eased the earlier Currency Act’s prohibition against printing of new paper bills, but it did prevent the colonies from repaying future debts with paper bills. Parliament had always envisioned that its American colonies should use a monetary system similar, if not identical, to the British system of â€Å"hard currency† based on the pound sterling. Feeling that it would be too hard for it to regulate colonial paper money, Parliament chose to simply declare it worthless instead. The colonies felt devastated by this and protested angrily against the act. Already suffering a deep trade deficit with Great Britain, colonial merchants feared the lack of their own hard capital would make the situation even more desperate. The Currency Act exacerbated tensions between the colonies and Great Britain and is considered to be one of the many grievances that led to the American Revolution and the Declaration of Independence. Economic Problems in the Colonies   Having expended almost all of their monetary resources buying expensive imported goods, the early colonies struggled to keep money in circulation. Lacking a form of exchange that did not suffer from depreciation, the colonists depended largely on three forms of currency: Money in the form of locally-produced commodities, like tobacco, used as a means of exchange.Paper money in the form of a bill of exchange or a banknote backed by the value of land owned by an individual.â€Å"Specie† or gold or silver money. As international economic factors caused the availability of specie in the colonies to decrease, many colonists turned to bartering — trading goods or services between two or more parties without the use of money. When bartering proved too limited, the colonists turned to using commodities — mainly tobacco — as money.  However, only poorer quality tobacco ended up being circulated among the colonists, with the higher quality leaves were exported for greater profit. In the face of growing colonial debts, the commodity system soon proved ineffective. Massachusetts became the first colony to issue paper money in 1690, and by 1715, ten of the 13 colonies were issuing their own currency. But the colonies’ money woes were far from over. As the amount of gold and silver needed to back them began to dwindle, so did the actual value of the paper bills. By 1740, for example, a Rhode Island bill of exchange was worth less than 4% of its face value. Worse yet, this rate of the actual value of paper money varied from colony-to-colony. With the amount of printed money growing faster than the overall economy, hyperinflation quickly reduced the buying power of the colonial currency. Forced to accept the depreciated colonial currency as a repayment of debts, British merchants lobbied Parliament to enact the Currency Acts of 1751 and 1764. The Currency Act of 1751 The first Currency Act banned only the New England colonies from printing paper money and from opening new public banks. These colonies had issued paper money mainly to repay their debts to for British and French military protection during the French and Indian Wars. However, years of depreciation had caused the New England colonies’ â€Å"bills of credit† to be worth far less than the silver-backed British pound. Being forced to accept the heavily depreciated New England bills of credit as payment of colonial debts was particularly harmful to British merchants. While the Currency Act of 1751 allowed the New England colonies to continue using their existing bills to be used to pay public debts, like British taxes, it prohibited them from using the bills to pay private debts, such as those to merchants. The Currency Act of 1764 The Currency Act of 1764 extended the restrictions of the Currency Act of 1751 to all 13 of the American British colonies. While it eased the earlier Act’s prohibition against of the printing of new paper bills, it did forbid the colonies from using any future bills for payment of all public and private debts. As a result, the only way the colonies could repay their debts to Britain was with gold or silver. As their supplies of gold and silver rapidly dwindled, this policy created severe financial hardships for the colonies. For the next nine years, English colonial agents in London, including no less than Benjamin Franklin, lobbied Parliament to repeal the Currency Act. Point Made, England Backs Down In 1770, the New York colony informed Parliament that difficulties caused by the Currency Act would prevent it from being able to pay for housing British troops as required by the also unpopular Quartering Act of 1765.  One of the so-called â€Å"Intolerable Acts,† the Quartering  Act forced the colonies to house British soldiers in barracks provided by the colonies. Faced with that expensive possibility, Parliament authorized the New York colony to issues  £120,000 in paper bills for the payment of public, but not private debts. In 1773, Parliament amended the Currency Act of 1764 to allow all of the colonies to issue paper money for the payment of public debts — especially those owed to the British Crown. In the end, while the colonies had reclaimed at least a limited right to issue paper money, Parliament had reinforced its authority over its colonial governments. Legacy of the Currency Acts While both sides managed to temporarily move on from the Currency Acts, they contributed substantially to the growing tensions between the colonists and Britain. When the First Continental Congress issued a Declaration of Rights in 1774, delegates included the Currency Act of 1764 as one of the seven British Acts labeled as â€Å"subversive of American rights.† An Excerpt From the Currency Act of 1764 WHEREAS great quantities of paper bills of credit have been created and issued in his Majestys colonies or plantations in America, by virtue of acts, orders, resolutions, or votes of assembly, making and declaring such bills of credit to be legal tender in payment of money: and whereas such bills of credit have greatly depreciated in their value, by means whereof debts have been discharged with a much less value than was contracted for, to the great discouragement and prejudice of the trade and commerce of his Majestys subjects, by occasioning confusion in dealings, and lessening credit in the said colonies or plantations: for remedy whereof, may it please your most excellent Majesty, that it may be enacted; and be it enacted by the Kings most excellent majesty, by and with the advice and consent of the lords spiritual and temporal, and commons, in this present parliament assembled, and by the authority of the same, That from and after the first day of September, one thousand seven h undred and sixty four, no act, order, resolution, or vote of assembly, in any of his Majestys colonies or plantations in America, shall be made, for creating or issuing any paper bills, or bills of credit of any kind or denomination whatsoever, declaring such paper bills, or bills of credit, to be legal tender in payment of any bargains, contracts, debts, dues, or demands whatsoever; and every clause or provision which shall hereafter be inserted in any act, order, resolution, or vote of assembly, contrary to this act, shall be null and void.

Wednesday, May 6, 2020

The Gospel Of Wealth Essay - 1766 Words

Carnegie came from humble beginnings, but through his extraordinary vision he would become the richest man on the planet and would display idealized influence and inspirational motivation through his philanthropic endeavors, inspiring the nation’s richest to give to charities through the use of foundations. Carnegie was born in Scotland and moved to U.S with his family in 1848 when he was 12 years old. His father attempted to start a weaving business in America, but failed, leaving Carnegie to work in a mill for $1.20 a week (Goldin, 1988, p. 13). Carnegie would go to on to build a fortune worth almost $450 million by making investments and building a technologically advanced steel making process at a time when the U.S was using steel†¦show more content†¦12). Carnegie’s philanthropy had a big influence on the rich in the U.S, and his philanthropic foundations became the example vehicle for the wealthy to give back to the community. After Carnegie communic ated his vision for the wealthy to take up philanthropic endeavors and lead by example, every self-respecting wealthy individual in America had to have at least one foundation in which to give to charity (Goldin, 1988, p. 17). Some of the most prominent followers of Carnegie’s examples were John D. Rockefeller, John D. Rockefeller Jr., and his five grandsons who would establish foundations of their own and give large amounts of money to charity (Goldin, 1988, p. 17). John D. Rockefeller said of Carnegie â€Å"I would that more men of wealth were doing as you are doing with your money but be assured your example will bear fruit† (Goldin, 1988, p. 13). Rockefeller would be right. At the end of the 19th century there were only five such foundation, six more would be added within the first decade of the century, 22 in the second decade with 41 being added in the third (Goldin, 1988, p. 17). Today, there are over one million charities and foundations (Williams, 2010). Carnegie can be attributed to the success of philanthropy. Through his philanthropic writings, Carnegie showed the visionary leadership trait of inspirational motivation. Inspirational motivationShow MoreRelatedAndrew Carnegies Gospel of Wealth Essay examples571 Words   |  3 PagesAndrew Carnegies Gospel of Wealth Andrew Carnegie believes in a system based on principles and responsibility. The system is Individualism and when everyone strives towards the same goals the system is fair and prosperous. Carnegie’s essay is his attempt to show people a way to reach an accommodation between individualism and fairness. This system can only work if everyone knows and participates in his or her responsibilities. I will discuss Carnegie’s thesis, his arguments and the possibleRead MoreEssay on The Gospel of Wealth, by Andrew Carnegie975 Words   |  4 PagesIn the â€Å"Gospel of wealth†, Andrew Carnegie argues that it is the duty of the wealthy entrepreneur who has amassed a great fortune during their lifetime, to give back to those less fortunate. Greed and selfishness may force some readers to see these arguments as preposterous; however, greed is a key ingredient in successful competition. It forces competitors to perform at a higher level than their peers in hopes of ob taining more money and individual wealth. A capitalist society that allows thisRead MoreEssay about The True Gospel of Wealth: Andrew Carnegie.698 Words   |  3 Pages The True Gospel of Wealth: Andrew Carnegie The True Gospel of Wealth, an article written by one of the richest, most powerful men of the 19th century, is a guide to a nation virgin to mass amounts of wealth, and power. Carnegie is a self made millionaire, who immigrated to the United States with less than a dollar in his pocket. This fact would serve important in Carnegies epic rise to fortune, also in developing such philosophical understandings as, The True Gospel of Wealth. AndrewRead MoreThe American Dream and Charity: Carnegie and Emersons Different but Complementary Conceptions1585 Words   |  6 Pagesthe needs of the self must be honored before the needs of the many. Like Carnegie, Emerson also celebrated individualism, but not in terms of the material wealth it could generate, but its potential to yield spiritual and artistic wealth for America. In his famous essay The Gospel of Wealth, Andrew Carnegie suggests that the extreme wealth of some is ultimately good for all of society. In primitive, pre-capitalist societies, the chief has little more than his followers. Carnegie does not see thisRead MoreThe Gospel Of Wealth By Andrew Carnegie1180 Words   |  5 PagesWealth can be defined as a surplus. This surplus is distributed among a society. The distribution creates associations among the people of the society with respect to wealth. The Gospel of Wealth, written by Andrew Carnegie, describes two classes and the association of wealth between them. Adam Smith’s passage, Of the Natural Progress of Opulence, similarly, includes a reciprocal relationship of production between the town and country. Unlike the other essays, Marx’s, Communist Manifesto, debunksRead MoreQuestions On The Doctrine Of God1067 Words   |  5 Pages LIBERTY UNIVERSITY BAPTIST THEOLOGICAL SEMINARY Final Exam Essay: Issues Relating to the Doctrine of God Submitted to Dr. Isaiah Nengean, in partial fulfillment of the requirements for the completion of the course THEO 626 summer 15 by Harold B. Brewer, Jr. (ID# L24780291) Issues Relating to the Doctrine of God There are many issues facing the church today – some greater than others. However, the three most pressing issues for the Evangelical Christians and academia are a doctrine-lessRead MoreThe Power of the Printed Word697 Words   |  3 Pagesand society. 11) Federalist Papers The papers were a collection of essays explaining how the new government/constitution would work. Their purpose was to convince the New York state legislature to ratify the constitution, which it did. 12) The Gospel of Wealth was an essay that promoted Social Darwinism, wealth was a natural result of capitalism, and great wealth came with responsibility. 13) Henry David Thoreau wrote this essay where he expressed opposition to the Mexican War. He argued that individualsRead MoreThe Villa of the Mysteries: Stylistic and Religious Influence of Hellenistic Civilization1442 Words   |  6 PagesName: Karli Amstadt Student Number: 112134252 Module Name: European Art and Architecture: From Antiquity to Modernism Module Code: HA1002 Tutor’s Name: Mairead Kelly Essay Title: Villa of the Mysteries: The stylistic and religious influence of Hellenistic Civilization Date of Submission: 31/10/12 Word Count: 1262 Artist: Unknown Title: Scenes of Initiation of a Woman into the Mysteries of Dionysus Type of work: Fresco Date: circa 50 B.CRead MoreEvaluating Wealth and Poverty: Marxs Communist Manifesto and Carnegies The Gospel of Wealth1391 Words   |  6 PagesEvaluating Wealth and Poverty: Marx and Carnegie Criticism of the economy can differ dramatically. Many might have very polar opposite ideas as to what needs to be done in order to better provide for a societys economic well-being. This is definitely the case between Karl Marx and Andrew Carnegie. Despite some basic similarities regarding the need for economic change, Marxs Communist Manifesto and Carnegies The Gospel of Wealth prove incredibly different in how they claim to provide realRead MoreThe Distribution of Wealth892 Words   |  4 PagesEveryone has his or her own ideas of how wealth should be distributed properly. Some people believe wealth should be left to family, left for public services, or become the property of others. Others believe that people should not have excess wealth, resulting in non-existent class distinctions. An alternative view is that wealth is not distributed; instead, the wealthy continue to grow wealthier while those in poverty can not escape it and fall further into a life of poverty. The beliefs discussed

Tuesday, May 5, 2020

Magic of love by helen faries free essay sample

Helen Farries poem â€Å"The Magic of Love† talks solely about love. She uses a greeting card style, almost a cliche of all the lovely thoughts and emotions that go with love. She uses a rhyme scheme of ABCB and uses the stanzaic form. It does have quite a bit of punctuation so it’s not enjambment. This poem is quite elaborate with its explanations of how love is like a blessing and like a bright star in the night sky. It shows an allusion of love being â€Å"a blessing from heaven above. † The speaker also conveys how the feeling of love is like the warming feeling of the sun. The speaker also states that the feelings of love make difficult times easier. Thus, showing imagery by giving the impression of the speaker being in LOVE. Magic of Love comes across as a song like, greeting card style poem, both poems have the same rhyme scheme, that is, the second and fourth line of every stanza rhyme. We will write a custom essay sample on Magic of love by helen faries or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Magic of Love is much more detached. It speaks of love as a whole, generalized for everyone. There is no personal information in the poem, Instead it speaks of love bringing happiness and joy and comfort, of love warming your Hands, and of love lighting your way. Magic of Love portrays love as something that is perfect, that fixes everything. It is the light that guides you, it warms you, it makes your dreams come true. It is gentle and kind, and perfect. Farries? poem is one that belong in a greeting card, or perhaps a love song. It makes me think of the beginning of a relationship, when everything is happy and new and you feel like you’re walking on air The poem magic of love by Helen Farries expresses the powers and gifts that love can bring. Showing that it can make all your all troubles are lighter to bear in order to allow your heart to fuller absorb love in its entirely. Giving love the ability to completely control you or help show you what love can bestow upon you. Love is something that everyone one needs and depends on at one point in their lives. Its something that you turn to when everything is going wrong and that you can hope will somehow bring you back to life. If love is as powerful as they say why is it they its takes some people so long to open up to it can love be a threat? If so then love is powerful and has its dark and light sides and can turn from the bright lovely sunto the darkness of the night. In the poem Farries uses imagery to create a scene of love bringing the audience back to a time where they once felt the same feeling and expressed the same emotions. Which are brought up in the lines Like a star in the night,it can warm your hearts,and love lights the way showing that even when it falls apart love is right there shinning waiting to show you the way to help warm you. While her use of personification in the lines a wonderful gift that can give you a lift, you treasure this gift,gentle and kind,love lights the way,and comfort and bless. Which shows just how powerful and gifting love can be. It has the powers to break or make you in its many shapes and forms as well as helping to bring your spirit up from the dark. The similes used however show the characteristics of love and its many shapes and forms Like a star in the night,and Like the sun . Show that love is bright and bold like the stars and shine brightness into the day like the sun. Overall the poem helped bring in the spirit of Valentines in a way and helped show how powerful love is and how it can change your life if you let it. In this poem the wonderful gift that the speaker talks about is all love gives off. Love giving off blessings and showers of happiness that shines forth. This array of happiness burns bright whether morning or night, it can only come back to you once it’s given. The answers the speaker seeks are found in much prayer. The poem uses many cliches and alliteration and assonance to gravitate towards never described is portrayed as something inevitable but unfathomable. The speaker seems like he/she wants us to know that their perceptio0n on love is grasped seemingly only from a significant experience prior to the poem. Over all I enjoyed that poem and its repetition and great imagery. Helen Farries poem â€Å"The Magic of Love† talks solely about love. She uses a greeting card style, almost a cliche of all the lovely thoughts and emotions that go with love. She uses a rhyme scheme of ABCB and uses the stanzaic form. It does have quite a bit of punctuation so it’s not enjambment. This poem is quite elaborate with its explanations of how love is like a blessing and like a bright star in the night sky. It shows an allusion of love being â€Å"a blessing from heaven above. † The speaker also conveys how the feeling of love is like the warming feeling of the sun. The speaker also states that the feelings of love make difficult times easier. Thus, showing imagery by giving the impression of the speaker being in LOVE.

Wednesday, March 11, 2020

5 Myths Stopping You From Getting Promoted

5 Myths Stopping You From Getting Promoted You know you deserved that promotion, and probably the one before that. People who are newer to the company and not getting the same results you are seem to be getting all of the recognition while you feel left behind. How can you get noticed by the higher-ups doing the noticing? Here are 5 myths you need to debunk right away if getting a promotion is your end goal. 1. Everybody knows you’re  a hard worker.Just because you work hard, doesn’t mean people notice. And certainly not higher-ups who may not interact with you on a daily basis. For all you know, a middle manager could be taking all the credit that should be yours. Find a way to let your boss know when you score big or do especially well. Toot your own horn. Don’t be a braggart, but play it smart. They’ll never reward your hard work if they don’t know about it.2. Your boss knows you  want to be promoted.If you haven’t told your boss explicitly what your ambitions are, and how youà ¢â‚¬â„¢d like to move up in your field, then chances are good she doesn’t know. Not everybody wants to use every job as a springboard higher up the ladder. Some people are quite content to stay in one position for a decade or two. Make your wishes known and ask your boss for her help in your career development. She’ll be flattered and she’ll know exactly what you want when new opportunities open up.3. Your friend would never go after something  you want so much.It’s lovely to have close friends among our colleagues. But keep in mind, this is their livelihood too. Just because you’re pals doesn’t mean your pal won’t throw their hat in the same ring after your coveted promotion. It’s business, after all. Keep your eyes open and don’t miss any chances.4. HR posts all the openings.Sometimes, positions open up and are filled before HR has the chance to make it public. Keep your ear to the ground and pay attention when peopl e in other departments are chatting about their teams. If you hear of someone about to leave, or applying out or up, get on putting yourself out there to replace them before someone else does.5. You’re not supposed be involved  with other departments.If you’ve struck up an interest or affinity with another department or another manager, that’s fine. As long as your work is getting done- and well- there’s no problem pitching in and helping out. That’s a great way to position yourself should any openings come up in that department. Your boss will be fine with it, provided you don’t let it interfere with your work for her and in your current department.Make sure you’re in the game before you complain about being left out of it.

Sunday, February 23, 2020

Characteristics of Multicultural Organization Research Paper

Characteristics of Multicultural Organization - Research Paper Example This paper illustrates that globalization has resulted in integration of people from different cultures in the society and workplace. In the contemporary world, diverse workforce characterizes organizations. A multicultural organization comprises and accommodates employees from varying cultural backgrounds, religious affiliations, gender backgrounds, ethnic groups, and racial groupings. A multicultural organization comprises of individuals with varying backgrounds, experiences, and cultures. Therefore, problems are likely to emerge as the individuals attempt to adapt to each other. However, appropriate management of the multicultural workforce can create opportunities and enable the organization to operate competitively in the marketplace. Therefore, multiculturalism has the potential of causing disasters or opportunities depending on how the management handles the complex issue. For enhanced performance, the organization management should establish an environment that enables the em ployees to exploit their full potential. Therefore, organizations should plan on how to manage the diversity and empower the employees to maximize on their productivity. Moreover, the society within which global organizations operate is multicultural. Managing a multicultural workforce can be challenging and draining. However, having such a workforce presents some opportunities that an organization can use to gain a competitive advantage over their competitors. This is because people from different culture have varying values and beliefs. ... Although managing a multicultural workforce can be challenging, such a workforce adds value to an organization. The benefits that arise from multiculturalism have encouraged organization to attract employees from different religious affiliations, culture, gender, races, and ethnic groups. For multinational companies, resistance often characterizes expansion of business operation into different regions. However, companies with a multicultural workforce are able to gain acceptance faster. This enables it to establish rapidly and become competitive. To be able to obtain a multicultural workforce, the organization must be able to create an appropriate environment that attracts diverse individuals (Laytras & Ordycez, 2008; Trefry, Sept 2006). Political favors drive organizational multiculturalism since multicultural organization gain acceptance from the government easily. This encourages organizations, especially international ones to bring together a workforce from different nationalitie s and cultures. Other than political favors, multicultural organizations are able to avoid cases of ligations while operating in foreign countries. Therefore, organizations operating across different countries often employ individuals from different culture to meet the legal demands of a country. This is because some countries require foreign companies to employ a certain percentage of local people. Moreover, some organizations are under legislative mandates that prohibit any form of discrimination in the hiring process. Such organizations are likely to lose contracts if they fail to embrace multiculturalism (Mazur, November 2010). Another factor that drives organizations to employ a multicultural workforce is the