Managing Change Essay Example | Topics and Well Written Essays - 1000 words

Managing Change - Essay Example A ‘hard’ definition of HRM can also be derived that is it helps to maximize the economic benefit an organization gets from its human assets (Wilkinson, 2000). Currently one of the biggest challenges organizations are facing relate to a rapidly changing environment where global, technological and economic factors make it necessary to make decisions under uncertain conditions and adapt quickly in order to survive or maintain their competitive edge. Flexible organizations with a knowledgeable workforce are at an advantage in these conditions as any change initiated within an organization can only prove beneficial if it is widely accepted by the workforce. These changes may be technological in nature or allow for the modification of organization structure or the management, acquisitions, mergers, and other operational changes are increasing in trend. However, a survey done in 2010 indicated that for most corporations the changes made did not bring the desired results, with 6 2% measure somewhat successful and 24% having no change at all. (APQC, 2010) The reasons for the failure of these measures, is usually the inability of the top management to actively involve HR in the change management process. Employees who are not given complete information or training regarding the changing measures are often skeptical and hostile towards them as they may perceive them as threat to their position, daily routine, status in the organization or overall job security. These employees may be so resistance to change that they will not be able to adapt to the new conditions and even be outwardly hostile. For employees who don’t have a hostile attitude towards the change and disruption they may still have no receptivity towards it; without enthusiasm to embrace the new measures it is possible that the optimum level of benefits may never be utilized. The survey done indicates that employees who don’t understand the reasons behind the change and are still forc ed to adhere to the new rules and practices face a decline in engagement level of upto 71% with over a 43% increase in unwanted turnovers, which could lead to a prominent loss of productivity after the change is implemented. HRM practices can effectively work on transforming the negative attitudes of the employees. To support the change management there are two avenues for HR to take, firstly they can work on removing the hostility from the employees by assuring them that their fears and skepticism are unfounded by increasing their knowledge about the change being initiated through seminars, programs and training. â€Å"HR Professionals have to lead the change programme through a systematic drive of providing education, communication, facilitation and support to the employees, so that we may secure the involvement, participation and commitment of the complete workforce† (Lal, 2001) Lal, J. (2001). Managing Change through HR, Presidential Address. Delhi Business Review A well informed workforce will be more willing to admit why the change is necessary and management should make

Risck Factor for colon cancer related to Obesity Essay

Risck Factor for colon cancer related to Obesity - Essay Example It is advised that individuals should add a lot of fiber and calcium intake in their diet to reduce the chances of acquiring colon cancer. Moreover, people should be conscious of their weight and maintain an ideal weight to prevent complications that are linked with being overweight or obese. This paper will discuss the risk factor for colon cancer related to obesity. Colon cancer is discovered in its asymptomatic or premalignant stages, and there is a possibility for cure and prevention. Colon cancer can be considered as an illness confined to an anatomically and geometrically clear plane of flesh that is easily accessible to direct assessment. Colon cancer starts as benign polyps which develop slowly into cancer. A polyp is the flesh protuberance from the colon mucosa and the greater the polyp, the higher the risk. Colon cancer grows directly from the inner lining via the muscle wall of the bowel and into neighboring tissues. The tumor may metastasize direct to the liver through the portal vein, the lymphatic system to adjacent lymph nodes and rarely through the bloodstream to the lungs or bones. In the early stages, colon cancer produces no symptoms. Patients experience blood in the stool, cramping pain in the lower abdomen and rectal bleeding are a sign of advanced disease. Digital rectal examination (DRE) is employed to reveal 15% of colon c ancer (Lippincott & Wilkins, 2013). Colon cancer arises from two kinds of precursor polyps through two clear pathways: serrated adenomas according to the serrated adenoma-to-carcinoma theory and conventional adenomas by the conventional adenoma-to-carcinoma sequence. The conventional adenomas result from mutation of the APC gene; advancement to colon cancer is a multistep procedure. The important genetic defect in serrated adenomas is not known. Furthermore, diet also contributes to the development of colon cancer. Diets with high fat and low fiber

Stem Cell Research Essay Example | Topics and Well Written Essays - 750 words

Stem Cell Research - Essay Example Those who are in favor of it, hail it as the precursor to creating cures for many diseases that are considered incurable now. Whereas those who oppose it cite that it is inhumane, it fosters an atmosphere where abortions are encouraged and that it is against God and religion. The controversy has been raging since the advent of this type of stem cell research. Stem cells are basically cells that are capable of producing new cells, either identilca to themselves, or to a certain type of cells. Embryonic stem cells, in this regard, are very versatile, as they are cells derived from embryos, and, hence, they have the potential to grow into major organs (as is their purpose) and other parts of the human body; their potential in this regard is immense. Embryonic stem cells were derived for the first time in 1981 from mouse embryos. However, the true breakthrough in this regard occurred in 1998 when a team of scientists at the University of Wisconsin developed a technique to isolate human e mbryonic stem cells and grow them in cell cultures. This development caused researchers to hope for many discoveries of cures, as stem cells, especially embryonic stem cells showed a lot of potential in this regard. It is pertinent to mention once again that the controversy regarding stem cell research is aimed at embryonic stem cell research, there has been no objection to adult stem cell research. ... They say that those involved in the research are essentially, not only creating life, but destroying it at their own whim. This seems to be the biggest hurdle for the researchers to overcome: the religious opposition. Another reason that seems to be given is that in a way embryonic stem cell research may also encourage women to have abortions, as the aborted fetus will be considered a viable source of stem cell research. However, it is pertinent to note that this is not an allowed practice. However, the detractors have commented that not only are adult stem cells a better option, with those found in umbilical cord having given very good results, but they will be able to give better results if the funding is channeled away from embryonic stem cell research into adult stem cell research. Those who are in favor of stem cell research point out that embryonic stem cells have more potential for helping in many diseases. Moreover, since they are not developed inside the womb, they should no t be considered â€Å"life† in the religious sense at least, especially because there is no chance for embryos to survive outside the womb. Moreover, embryonic stem cells have not even begun to take human form, therefore, they should not be considered human life. Moreover, it is pointed out that abortions are legal in a lot of countries, at least in those countries the embryos should be allowed to be worked upon, as otherwise they would be thrown away as bio-hazardous waste anyway. Also, certain fertilization treatments end up creating a large number of embryos that are otherwise left to waste, or face the same fate as the aborted fetuses, therefore, it makes sense to make use of them. The argument that supports their cause the most is, those

My Happiest Day Essay Example | Topics and Well Written Essays - 500 words

My Happiest Day - Essay Example The opening ceremony was emphatic and exciting. One side of the stadium was full of Atletico Madrid fans while the other side Real Madrid fans were chanting and singing victory songs. Believe me; it was magnificent and gigantic especially because I was one of the fans present in that stadium. Once the referee blew the whistle, the high profile match commenced with hype. Real Madrid’s players were showing a lot of enthusiasm and gave the fantastic performance. Motivational slogans and songs from fans of the two teams were conspicuous. By the end of the first match, Atletico Madrid scored. For me, this was a sad moment but I still had nope that my team will emerge the winners. This was the only goal in the first halftime and the second half of the match. Real Madrid players had many chances to score, but ninety minutes erupted without a single goal. The referee extended the match by five more minutes and Real Madrid got a corner kick. I closed my eyes in hope that my team will s core and all I heard was the rumbling of the ground as thousands of fans celebrated the equalizing goal. Despite the fact that my eyes were shut, I shouted and celebrated with my fellow fans. My happiness was evident and felt as one of the happiest person in the world. It was evident that the match was going to have extra time. It was not only surprising but overwhelming because Real Madrid scored three more goals in twenty minutes. My favorite team was finally crowned as the Champion after twelve years.

Finanical Accounting Concepts Phase 2 DB Essay Example | Topics and Well Written Essays - 500 words

Finanical Accounting Concepts Phase 2 DB - Essay Example This is also the reason why the expense incurred on Furniture is not shown on the income statement, The expense incurred on the furniture ($1500) will be shown in reduced amounts for a period of years in subsequent income statements. The Income Statement reflects the inflow and outflow of expenses and revenues. However, the Owner’s equity statement is a statement that reflects the position of the owner’s capital in the business. Therefore it reflects the shares position, the kinds of shares (common, preferred or deferred preferred shares) and their distribution. However, a balance sheet is a comprehensive statement that reflects the financial position of a firm at the end of a financial year. While the Income statement shows mainly operating expenses and net revenues, the balance sheet is a summary of a Company’s entire financial condition at any given point of time, therefore it includes all assets of the Company, all liabilities and net worth. This statement also takes into account the ownership of non fluid assets and share ownership in the Company. Therefore, in a balance sheet, the accounting equation would be: Assets – Liabilities + Owner’s Equity. The Accounting Cycle includes the process of recording entries of receipts and expenses in a journal in chronological order according to dates. These entries are then posted to the ledger, both under debits and credits, under the appropriate account heading. The trial balance is then prepared to ensure that all debits are equal to all credits. Any errors or discrepancies are then resolved with individual journal entries, in order to yield the adjusted trial balance. This forms the basis for the preparation of the various kinds of financial statements, such as cash statements, income statements and balance sheets. The final steps in preparing these statements are in the posting of the closing entries and the preparation of the final

Personal statement for applying master Essay Example | Topics and Well Written Essays - 1000 words

Personal statement for applying master - Essay Example As such, I enrolled myself in Bachelors of Financial Math, Leicster University. The key objective of financial math is to understand the construction of the best financial strategies which would minimize risk taking by preventing arbitrariness via means of right pricing of assets. The first two years of the course which focused on pure math, helped teach us the essential analytical skills and cultivated logical thinking. Along with this the course also dealt with micro as well as macro economics, all of which I passed in A-level. It is always good to gain on site experience of the job. As such I have interned under the Bank of China with their international trading department. Bank of Chinaï ¼Å'or Bank of China Limited is one of China’s four state-owned commercial banks.  In terms of tier one capital, it was ranked 18th among the world’s top 1,000 banks by The Banker magazine in 2005. Their business covers commercial banking, investment banking and insurance. Members of the group include BOC Hong Kong, BOC International, BOCG Insurance and other financial institutions. It has received wide recognition from its peers, customers and authoritative media for the credit and performance it achieved in past years. It has been awarded â€Å"Best Bank in China† and â€Å"Best Domestic Bank in China† by Euro money for eight times. As a preliminary test of my abilities, I was exposed to the stock market. One of the new aspects which I learnt about was the letter of credit and how the cred it crunch in the US, UK and other developed nations was affecting the economic institutions of China. The stock market taught me to use mathematics as a key to analysis of a company- of their profits as well as their potential. Undoubtedly, I made a lot of profit along with a few loses due to the credit crisis. Both these things were teachers of the real world. Other than this, when I learnt that some of the

Finanical Accounting Concepts Phase 2 DB Essay Example | Topics and Well Written Essays - 500 words

Finanical Accounting Concepts Phase 2 DB - Essay Example This is also the reason why the expense incurred on Furniture is not shown on the income statement, The expense incurred on the furniture ($1500) will be shown in reduced amounts for a period of years in subsequent income statements. The Income Statement reflects the inflow and outflow of expenses and revenues. However, the Owner’s equity statement is a statement that reflects the position of the owner’s capital in the business. Therefore it reflects the shares position, the kinds of shares (common, preferred or deferred preferred shares) and their distribution. However, a balance sheet is a comprehensive statement that reflects the financial position of a firm at the end of a financial year. While the Income statement shows mainly operating expenses and net revenues, the balance sheet is a summary of a Company’s entire financial condition at any given point of time, therefore it includes all assets of the Company, all liabilities and net worth. This statement also takes into account the ownership of non fluid assets and share ownership in the Company. Therefore, in a balance sheet, the accounting equation would be: Assets – Liabilities + Owner’s Equity. The Accounting Cycle includes the process of recording entries of receipts and expenses in a journal in chronological order according to dates. These entries are then posted to the ledger, both under debits and credits, under the appropriate account heading. The trial balance is then prepared to ensure that all debits are equal to all credits. Any errors or discrepancies are then resolved with individual journal entries, in order to yield the adjusted trial balance. This forms the basis for the preparation of the various kinds of financial statements, such as cash statements, income statements and balance sheets. The final steps in preparing these statements are in the posting of the closing entries and the preparation of the final