Psychiatric Hospitals in Ireland Research Paper

Psychiatric Hospitals in Ireland - Research Paper Example The call for uniformity of care for psychiatric illnesses has been fostered by several legislations across countries, and the current trend is to foster care increasingly in the community in collaboration with the family [2]. Despite that, there are certain conditions where there is a need to detain the patient in the mental health hospitals with forceful and involuntary admission, where coercion plays an important role. Admission against the will of the patient is an ethically unsound area of practice; and therefore law directs the process. Within the legal framework, the mental health professionals thus exercise their power to detain or incarcerate the patients with an adequate indication permitted by law. The problems or debates arise when there is observed diversity in psychiatric practice, and the heterogeneity of sociocultural environment and differences in professional attitudes towards mentally ill people, all may influence a decision regarding involuntary admission [3]. This has been contributed to by lack of reliable markers of psychiatric diagnoses and management plan for them. The admission to a psychiatric healthcare facility in Ireland may be involuntary, although till now, the vast majority of such admissions are voluntary. Involuntary admission means the patient does not freely agree for the treatment or admission to an inpatient psychiatric unit. The other part of such admission may be that even though the patient agrees for a voluntary admission, there may be detention of these patients into the units in that they are not completely free to leave psychiatric care on their free will. Thus this leads to a detention beyond volition, and detailed rules, regulations, and laws guide such principles. The Irish mental health policies regarding involuntary admission or detention are governed by the Irish Mental Health Act of 2001 and have been in full implementation since November 2006 and all psychiatric facilities including public and private are under its regulations. According to this act, the psychiatric hospitals and units need to be registered as appr oved psychiatric centres, and those hospitals and inpatient units which were providing care to people with psychiatric illnesses at the time of implementation of this law will be considered approved by November 2009. The mental health act 2001 sets out the criteria for involuntary admission to these approved centres for persons suffering from mental disorders. This act also creates provision for independent review of the involuntary admissions of such persons [4]. In a short summary, this act recommends involuntary admissions and detention in an approved psychiatric centre due to psychiatric disorder. The main scenarios or conditions that may cause involuntary admission are personality disorder, social deviance, drug addiction, and intoxication. Although psychiatric patients have their own rights, this act implies that involuntary admission is for the patients' own interests in care and treatment through appropriate examination findings of the psychiatrists, where all information will be revealed to the patients, and in case of incoherence, the tribunal may review such decisions where sometimes the court of law may interfere if appeals are made. These principles are also

GCC Economics and OPEC Research Paper Example | Topics and Well Written Essays - 2000 words

GCC Economics and OPEC - Research Paper Example The common market agreement among the GCC countries took effect from 1 January 2008. The members of Organization of Petroleum Exporting Countries (OPEC) is an association of developing countries, which include Venezuela, United Arab Emirates, Saudi Arabia, Qatar, Nigeria, Libya, Kuwait, Iraq, Iran, Ecuador, Angola and Algeria. OPEC was formed to help market oil and stabilize oil prices in the world. United Arab Emirates United Arab Emirates whose capital city is Abu Dhabi, Dubai covers an area of 82,880 Km2 and the land is predominantly desert with few pockets of agricultural areas. It is a member of OPEC. The country has an opened and highly developed economy, which is among the fastest growing in the world. The rate of inflation in United Arab Emirates is low and was 0.9 percent and 1.6 percent in 2010 and 2009 respectively. To boost trade, a free trade zone for manufacturing and distribution purposes. Presence of a deep-water port has also promoted international trade. The rate of interest charged by commercial banks was also lower at 6.2 percent and 5.9 percent in 2010 and 2009 respectively. Figure 1: GDP growth rate There was a sharp decline in the real GDP growth from 3.2 percent in 2008 to -3.2 in 2009. Sharp decline is attributed to the global financial turmoil. However, there was a strong growth in real GDP growth rate to 5.3 percent in 2010 due to recovering economy and increasing oil prices. OPEC Quotas in United Arab Emirates is 2.3 million barrels daily but its capacity is 2.8 million barrels daily. According to CIA (2011), United Arab Emirates’ reserves are estimated to be 97.8 billion barrels. Non- oil sectors include agriculture that produce dried fish, dates, watermelons, vegetables, eggs, poultry and dairy products (Department of State 2011). Non-oil sector covers tourism and international finance. United Arab Emirates produces cement, aluminum, fertilizers, boat building, commercial ship repair, textiles and handicrafts. Major trade pa rtners include Japan, India, China, United States, Germany, Iran, South Korea and Thailand Saudi Arabia Kingdom of Saudi Arabia whose capital is Riyadh also referred to as Saudi Arabia covers an area of 2,149,690 km2 with arid climate. It is a member of OPEC. It has a command economy, where government controls major economic activities and depends heavily on oil exports. The GDP of Saudi Arabia was $623 billion in 2010. Inflation rate is slightly lower at 5.4 percent and 5.1 percent in 2010 and 2009 respectively. The unemployment rate in Saudi Arabia was 10.8 percent, 10.5 percent and 9.8 percent in 2010, 2009 and 2008 respectively. High unemployment rates are among the highest rates in the gulf region. Commercial bank interest rates were 7.3 percent and 7.2 percent in 2010 and 2009 respectively. The country’s proven oil reserves are 262.6 billion barrels (Sfakianakis 2011). Saudi Arabia has the largest oil reserves with and is the world top oil exporter. Oil generates 75 per cent of the total budget revenues and comprises about 90 percent of total exports. Increase in oil prices caused by increasing demand has improved the economy of Saudi Arabia. The current quota for Saudi Arabia as set by OPEC is 9.4 million barrels daily. However, the country can produce up to 10.52 millions barrels daily. The non-oil sector real GDP growth r

Greek Mythology and Perseus Essay Example for Free

Greek Mythology and Perseus Essay King Acrisius of Argos has a stunningly beautiful daughter but wants a son, so he prays to the gods. Apollo tells him not only that Acrisius will never have a son, but also that the son of his daughter will kill him. The only way to fully prevent this prophecy would be to kill his daughter, Danae, but Acrisius fears what the gods would do to him. Instead, he imprisons Danae in a bronze house without a roof and guards her carefully. Arcisius does not expect, however, that Zeus will come to her and impregnate her. Perseus is born, and after Acrisius discovers the baby, he puts Perseus and Danae in a box and sets it out in the ocean. Luckily (or thanks to Zeus), the box washes up on a small island, where a kind fisherman named Dictys takes Danae and Perseus in. They live happily until Dictyss brother, King Polydectes, falls in love with Danae and decides to get rid of her son. Polydectes convinces Perseus to kill the Medusa, a horrifying beast with snakes for hair. But this feat seems impossible because whoever looks at the snakes will turn instantly to stone. Hermes gives Perseus guidance and a sword stronger than the Medusas scales. He tells Perseus that to fight the Medusa Perseus will need special equipment from the Nymphs of the North. Their location is a mystery, and Perseus must ask the Gray Women, three sisters who live in a gray land and are gray themselves. They share only one eye among the three, and they alternate using it. Before Perseus sets out to find them, Athena gives him her shield and tells him that he must look at the Medusa through the shield, like a mirror, in order to avoid turning to stone. Perseus finds the Gray Women and steals the eyeball, holding it hostage in exchange for the location of the Nymphs of the North. Hermes helps Perseus travel there, where he finds a land of happy people, always banqueting and celebrating. They give him his three gifts: winged sandals, a magic wallet that changes to the size of whatever its contents, and, most important of all, a magic cap that will turn whoever wears it invisible. With Hermes and Athena at his side, Perseus finds and kills Medusa. He puts the head in his wallet and flies, invisible, back toward his mother. On the way, he passes a beautiful woman chained to a rock, Andromeda, and falls in love with her instantly. She was chained there because her foolish mother had thought herself more beautiful than any goddess, so as punishment the gods told her to chain her daughter to a rock, where she would be eaten by a serpent. Perseus kills the serpent and takes Andromeda home. When he returns to the island, he discovers that Danae and Dictys have gone into hiding because Danae will not marry Polydectes. The evil king, meanwhile, is hosting a banquet with all his supporters. Perseus barges in and holds up the head of Medusa. Unable to look away in time, all the men turn to stone. Perseus finds his mother, makes Dictys king, and marries Andromeda. Optimistic, Perseus and Danae return to Argos to find her father, King Acrisius. They hope that his heart has warmed since he put them in a box out to sea, but when they reach Argos they realize that he fled the land. One day, Perseus competes in a discus-throwing contest. His disc veers far to the side and lands on a spectator in the crowd, killing him instantly. This is Acrisius, in fulfillment of Apollos prophecy. Analysis This famous tale underscores the inescapable nature of fate and prophecies in the course of telling a heros story. Although Acrisius took drastic action to change destiny, short of killing his own daughter he can do nothing to prevent his fate. Perseus is too strong to be kept down and on an island, so it is fitting that his fate is to go on adventures and quests and to be helped by gods. He fits the heroic model of an honorable man overcoming all obstacles to reunite his family and do justice. It is interesting to note that the story does not indicate whether fate or Zeus guided Perseuss box to the island. As in the Creation of Earth, the reader must wonder who is in charge. Is there a difference between fate and Zeus, and if so, what is that boundary? Who controls Zeuss fate? To the extent that Zeus does help Perseus, the story also illustrates the benefits that come with honorable behavior. Zeus, Hermes, and Athena all help Perseus at critical moments, allowing him to successfully complete his missions. Perseus, of course, contributes to his own success as well. Hospitality again proves to be beloved by the gods: Dictys, the fisherman, becomes king. In this way, the story highlights that great people can have humble beginnings. Baucis and Philemon, the most clear examples of humble hospitality, share with Dictys a selflessness that ultimately the gods reward. The gods shower these humble characters with material wealth, but why? If humility and selflessness are important, why would physical wealth be the appropriate reward? Perhaps the answer lies in the context of such physical wealth and what it means to the characters. As Perseus deals with the Gray Women, we see the imaginative nature of Greek mythology. These distinct characters, sharing one eye, all shades of gray, last in the readers mind and expand the universe which the mythology depicts. Moreover, when Perseus actually defeats them, the story underscores the recurring theme of human ingenuity. Perseus, of course, stands as a premiere example of Greek heroism. He overcomes all obstacles to defend his family and exact revenge. He proves honorable and valiant, calm and clever. As he fights for his mothers respect and hopes for his estranged fathers love, he values family and loyalty above all else. Medusa, by contrast, is one of the most famous mythical beings. In her case, it is not beauty but ugliness that causes problems for the observer. She is so terrible that one direct look at her turns a person to stone. Medusa is a direct contrast to the many beautiful characters (Adonis, Narcissus) who appear throughout the tales. In this story, as in other tales of heroes, the Greek myths become adventure tales with unforgettable drama, high stakes, and imaginative characters. Such adventures and quests make eachstory live on throughout time as astounding literature that captures our imagination.

Impact of Retention Rate on KFC

Impact of Retention Rate on KFC KFC is one of the busiest fast food industries in UK and it is based in USA. KFC has big market share in UK. KFC provides training and good career path to its employees. KFC faces problems to meet business objectives, increasing customer satisfaction. To overcome difficulties and increasing organizational performances KFC wants to finds out the impact of retention rate on organizational performance. This is one month survey conducting with KFC employees and various secondary resources. Various articles, journals, newspaper and magazines have been collected to find out the information on motivation and organizational performance. 30 employees have been communicated via email to collect primary data. The primary and secondary data show that motivation has major impact on organizational performance. If organization can motivated its employees then performance of employees with a high volume. Employees attitude towards motivation is very positive. Employees want motivation rather than an y other things. From the research it is clear that if KFC can improves its motivational strategy it can increase its organization performance. Impact of Retention Rate on Organizational Performance 2. INTRODUCTION Employee retention is a process through which the organization can keep its employees with a certain period of time. Retention is good for both employee and organization. The objectives of the research are about employees retention and organizational performance. Beginning of the research paper describes briefly about the research topic. It has three different parts. The paper is started by pointing out the research topic and its impact. After that the main parts are discussed. Among the three main parts the initial one is Research Proposal. The research proposal starts with the hypothesis. After selecting hypothesis the research proposal describe briefly about the organization. After that the research proposal describes about the context and rational, reason for research, aim, objectives, literature review, methodology, resources and action plan. The next part of the research is Actual Research. It has research design, data collection, and data analysis. The ending part of the research is Presentation and Evaluation. It is about the analysis of findings, methodology evaluation, conclusion and recommendation. The references, bibliography and appendix are also included with the research. 3. RESEARCH PROPOSAL 3.1 Hypothesis If retention rate is related to organizational performance, than by increasing employees retention rate will increases organizational performance. 3.2 Background Theory Employee retention is the main concern of almost all of the organizations. Basically, small businesses suffer more because of employees high expectation. There are many firms; offer little benefits last 10 years or so. Now-a-days employees need and wants growing every day. Employees want more than their salary. As a result employee turnover is increasing. On the other side the importance of retention become very important for every organization. (Kim McLean, 2008). Employee retention always increases organizational performances. Retention also encourages current employees to remain with the organization. Long term service of employees means they are efficient and effective to their job duties. Again they know very well how to job done. On the other side retention can save several costs to the organization. Such as, hiring cost, training cost, productivity lost, replacement cost and efficiency cost. (Workforce Planning for Wisconsin State Government, 2005). Employee retention has seve ral benefit but employees turnovers has several disadvantages. Some of the article shows that, turnover is a silent but significant profit killer. (Kottolli, 2010). 3.3 Brief Summary to the Organisation KFC is one of the busiest fast food industries in UK and it is based in USA. KFC has big market share in UK. KFC provides training and good career path to its employees. The company was founded as Kentucky Fried Chicken byÂÂ  ColonelÂÂ  Harland SandersÂÂ  in 1952. At present KFC have more than 24,000 employees. KFC operates all over the world and its main business trend is Halal food. 3.4 Context and Rational 3.4.1 Problems Faced by KFC Today KFC faces some problem with its employees turnover. Employees do not paying attention to their job duties. They turn up late and try to go home early. They are not very active as they used to in 2008. Customers often complain to the manager that, employees are serving very late. They are more concentrated in gossiping with each others. Some of the KFC stores take 5 to 10 minute to serve customer even though there is only one customer. Some employees are giving resignation without having informed. Due to frequent change of employees, customer dissatisfaction is growing day by day. Lack of concentration of employees and their carelessness shows that employees are not loyal to KFC. Sometimes managers also support employees and careless about KFC code of conducts. 3.4.2 Reasons for the Research KFC undertakes the research to find the ways retain its employees. Employees turnover is growing day by day. KFC wants to keeps its employees in order to provide high level of customer service. KFC also wants to reduce the cost of hiring, training and efficient cost. If employees turnover rate decreases KFC can increase its market share. Also it is possible for KFC to increase its customer satisfaction and bring back previous business reputation. 3.5 Aim The aim of the research is to discover the impact of employees retention rate on organizational performance. 3.6 Objectives A list of the objectives of the research has given below: To reduce employee turnover To increase customer satisfaction To increase employee satisfaction 3.7 Literature Review According to Robert L. Mathis, John H. Jackson in their book, Retention of human resources must be viewed as a strategic business issue. Retention of employees has several benefits and advantages. Employees are getting high level skills when they working same environment for long period of time. But, the result of employees turnover is vital for the company. If an efficient employee gives resign company need to appoint new people. The new employee is not efficient and cannot provide satisfactory level customer service. That cost higher for the company. To support employee retention an article can help further. The world leading company shows high level of employee retention programme. As a result employees are providing high level service and working hard for the organization. Anne bruce (2006), described in his article, ÂÂ  how to motivate every employee. He also described, how Google manage its employees retain with its. He described that, like at Google, one of the webs most successful and growing search engines. Here employees play roller hockey during work hours, bring their dogs to work, and eat lunch and the company cafe. The result? Employees work long, hard hours and love their jobs. Again, survey and research on employee retention is an issue since the early age of industry revolution. A survey takes place in 1980. The focus of the survey was on the employee retention. The survey demonstrated that, people want more from work than money. An early study of thousands of workers and managers by the American Psychological Association clearly demonstrated this. While managers predicted the most important motivational aspect of work for people would be money, personal time and attention from the supervisor was cited by workers as most rewarding for them at work. In a recent Workforce article, The Ten Ironies of Motivation, reward and recognition guru, Bob Nelson, says, More than anything else, employees want to be valued for a job well done by those they hold in high esteem. He adds that people want to be treated as if they are adult human beings. Another article shows described that, We knew from past experience that Love2reward offered a great product and service (for our employee retention scheme). Its all about giving our team what they want, and feedback tells us that weve got it rightÂÂ  Pizza Express UK. 3.8 Methodology 3.8.1 Chosen Methodology It is easy and very reliable to use qualitative and quantitative methods together. There is a method that gives chance to use qualitative and quantitative methods together and it is, Triangulation of Positivistic and Phenomenological Paradigms. For this research the Triangulation of Positivistic and Phenomenological Paradigms is selected as methodology. Triangulation of Positivistic and Phenomenological Paradigms uses both quantitative and qualitative methods for this research. 3.8.2 Evaluation of Methodology The methodology is very effective for the research as it uses both qualitative and quantitative methods at the same time. If the results of two methods are same, then the result of the research will consistent. Again the methodology of the research collects data from secondary sources and primary sources as well. It has no chance to gives a false result. Therefore the methodology is very effective for the research. 3.8.3 Limitations of Methodology The methodology uses two methods at the same times. This is the main limitation of the research. Because, the variation of results of two methods make the whole research value less. Again, in case of different result from the two methods, the research needs to do again. It is very costly and time consuming. The methodology has other some other limitations two. It uses two methods. But it is very difficult to select two methods for one research. 3.9 Resources A short list of the resources has provided below: Computer with the Internet connection Internet for articles and journals Books and articles Library access for recent magazines and newspapers 3.10 Action Plan A Gantt chart has prepared for the action plan. The Gantt chart is included in the appendix section. 4. ACTUAL RESEARCH 4.1 Research Design 4.1.1 Step-by-step Design Stage 1: Define Research Topic and Describe Research ProposalThe step-by-step research design has shown below: Stage 2: Extensive Research on Literature Stage 3: Find out suitable methodology and creating research plan Stage 4: Secondary and Primary Data Collection Stage 5: Qualitative and Quantitative Data Analysis Stage 6: Evaluation and Presentation of findings Fig: Flow Chart for research design 4.1.2 Step-by-step Explanation Stage 1: Research Proposal Topic is the main subject of any research. Identify a suitable research topic is very difficult task. The topic needs to support by various secondary sources of data. After selecting topic a research proposal is essential. This two are the most important task for any research. It is assume that 6 days are enough for the first stage of the research. Stage 2: Extensive Research on Literature It is the most important part as all the supported evidences are collected from Literature review. Among several literatures the most related 5 or seven literatures need to select and then make a research on the literature. It is assume that 3 days are enough for this stage. Stage 3: Find Suitable Research Methodology and Creating Research Plan As the whole research is depend on the research design it is need to carefully create. All tasks follow the research methodology and the research plan. It is assume that 4 days are enough for this stage. Stage 4: Secondary and Primary Data Collection Data collection is the most important part of the research. For this research primary and secondary data need to collect. It is assume that 7 days are enough for this stage. Stage 5: Qualitative and Quantitative Data Analysis The result of the research depends on data analysis. Both qualitative and quantitative data need to analysis for the result of the research. It is assume that 4 days are enough for this stage. Stage 6: Presentation and evaluation of findings Analysed data is very easy to evaluate and presented. It is assume that 5 days are enough for the presentation and evaluation of data. 4.2 Data Collection 4.2.1 Secondary Data Collection Secondary data is collected throughout the Internet research, using company record, articles, journals, books and web pages. In this section the topic related data is selected and summaries all of them. The data sources are given below: Turnover is a silent but significant profit killer. By Arun Kottolli (2010), Employee Turnover Kills Profits. Keeping good employees is a challenge that all organizations share and it becomes even more difficult as labour markets tighten, by Robert L. Mathis and John H. Jackson. (2008:76), Human Resources Management Retention of human resources must be viewed as a strategic business issue by Anne Bruce, How to motivate every employee Nelson (2003) writes in The Ten Ironies of Motivation that, I have known for yearsthat money isnt everything when it comes to employment Employee retention is most critical issue facing corporate leaders as a result of the shortage of skilled labour, economic growth and employee turnover By www.retentionconnection.com For service-orientedÂÂ  careersÂÂ  such as account management andÂÂ  customer service, high turnover can lead to customer dissatisfaction. By Shelley Moore (2010) The above resources give qualitative data about the retention and organizational performance. From the data it is found that retention can change trend of employee turnover form any company. Retention makes employees motivate. It also brings job satisfaction. It gives clear definition of job responsibilities. The motivated and satisfied employees provide high level customer service. The high level customer service increase organizational performance. On the other hand employee turnover show negative impact to company. The results are hiring cost, training cost, efficiency cost and much other cost. The collection of secondary initially shows that there is a relationship between employee turnover and organizational performance. If employees retention increases then organizational performance also increases. If employee performance decreases then organizational performance also decreases. 4.2.2 Primary Data Collection The questioner method has been used to collect primary data. The primary data is collected by sending e-mail to 30 employees who are working KFC. A total of 10 questions have been set for every employee. From their response and activeness it is found that employees are more concern about retention that any other thing. The primary data initially shows that retention play a major role in organizational performance. Organizational performance will increase if retention increases for the organization. 4.3 Data Analysis 4.3.1 Qualitative Data Analysis Quantitative data collection is very critical task. Here some basic criteria are essential to follow. The analysis of data need to be valid, reliable, fair and must be follows some ethical issues. Valid: All the secondary data are valid. They have strong relationship with the subjects matter. They show the relation between employee retention and organizational performance. Again, all data shows the effect of employee performance. Some of the articles show the survey and research has been taking in order to decrease turnover. It is clear from the initial research that all secondary data are valid. Reliable: Qualitative data has been taken from various reliable sources. Books, articles, journals, and web pages are used to collect qualitative data. Qualitative data also collected from a sample of 30 employees. They provide qualitative data by their questions answer. Fair: Data are directly taken from sources. No modification has occurred while taking data from its sources. No data has been taken in order to support the hypothesis. Ethical issues: Qualitative data collection follows a set of agreed policies, such as literature review, secondary data collection, primary data collection. Data is not modified of misinterpret by any one. While collecting and using data permission from the authority has been taken carefully. In case of web based data, the sources are indicated very carefully. No influence has take place in order make the result of the research similar with qualitative and quantitative data. 4.3.2 Quantitative Data Analysis Quantitative data analysis follows a set of ethical issue. It also uses the valid, reliable and fair policies. Valid: All data are taken from current employer of KFC. Questioner has been set in a way that employees give answer along with their own feeling about retention and organizational performance. All the data related to the topic of the research. Reliable: Data are taken from KFC employees. They are not influence to give the answer. No suggestion has been provided them regarding the questioner. Employees are actively replay their answer and express their free thinking. So, data is reliable. Fair: No answer has been modified in order to get positive result. Participants are always free to replay the questioner. Answer from the questioner has been taken accurately. Ethical: Data was confidential. Only the researcher saw the data. Participants are not influenced participate the research. Participant privacy policy got priority. Data is not affected by anyone. Participate did not get reminder to replay the questioner. 5. PRESENTATION AND EVALUATION Analysis of Findings What is your job position? Reasons: Job position gives the overview about employees experience with the company. It also shows the time spent by employees within the organization. Majority Answer The majority answer was Team Members Conclusion Team members are can give the most recent experience about retention. They are worried about their job duties, getting promotion and other benefits. The sample group is the right one. Please indicate your work experience with KFC? Reasons: Job experiences show that the employees working life experience. Higher the job experiences higher the knowledge about retention. Majority Answer: The majority answer was 3 to 5 years experience Conclusion: The sample of 30 people, with 3 to 5 years experiences show that all employees are aware about employee retention policies. 5.1.3 What is the level of your job satisfaction? Reasons: Job satisfaction levels provide information about employees loyalty to the organization. Satisfied employees are happy with their retention and other policies. Majority Answer: The majority answer was satisfied. Conclusion: Satisfied employees are loyal to the company. They are happy with their retention and motivation policies. They can provide high level of performance in order increase organizational performance. How satisfied you with KFC? Reasons: This is similar to the prevision one. But, it takes the answer critically and specifically about the KFC. Majority Answer: The majority answer was Average. Conclusion: It is very difficult to distinguish the previous answer and present answer. Employees are satisfied with their job but not to KFC. Possibly, job satisfaction of KFC is good but some other policies are not good. How satisfied you with your Payment and other Benefits? Reasons: Payment and benefits is the indicators of employee satisfaction. If employees are satisfied with their payment and other benefits it will reduce employee turnover and increase organizational performances. Majority answer: The majority answer was average. Conclusion: KFC provides many benefits to its employees but the does not enough for employees satisfaction. The average level of job satisfaction shows that employee retention rate will decrease in KFC and its performance will decrease day by day. Do you satisfied with you promotion policy? Reasons: Promotion policies are major indicators of employee retention. If company have suitable promotion policy, employees are very active to meet the criteria to get promotion, as a result organizational performance increase. Majority Answer: The majority answer was average. Conclusion: The answer shows that KFC promotion policy is not good enough to meet its employee satisfaction. If employees are not satisfied with their promotion policy they cannot provide high level of customer service. That will affect organizational performance. If you get better chance to other company what will you do? Reason: This shows the loyalty to the organization. If employees are not loyal to the organization they not provide high level performance. As a result, organizational performance will decrease. Majority Answer: The majority answer was Quite the Company Conclusion: Employees want to quite the organization. KFC need to appoint new employees and level of its performance will decrease. What is your view about employee retention? Reason: It will help to find out employees personal view about retention policy. Majority Answer: The majority answer was very helpful Conclusion: If KFC take better retention policy employees will satisfied. They can help to increase company performance. If you will be promoted as a manager of a new opening store, what is your plan for long term and constant success for your organization? Reason: This question gives chance to employees to take decision about the improvement of company performance. Majority Answer: The majority answer was Retention Policy Conclusion: Most of the employees want to improve retention policy KFC has many employee employees development programmes for its business success. Which is most preferable to you? Reason: Find out the most preferable methods to keep employees and increase organizational performances. Majority Answer: The majority answer was Retention Policy Conclusion: Among all the development programs employees are like retention policy for the improvement of KFC performance. The result of this question indicates that KFC need to improve its retention policy in order to increase its performance. 5.2 Methodology Evaluation The selected methodology for the research is Triangulation of Positivistic and Phenomenological Paradigms. The methodology is best suited for the research as it is used two methods at the same times. The methodology is effective to find out the impact of retention on organizational performance. The data is collected by following a set of ethical rules. All the data are valid, reliable and fair. 5.3 Conclusions The research proves that retention has major impacts on organizational performance. Thus, the hypothesis is supported by the research. Finally it is found that if KFC develops better retention policies it can keep its employees. As a result KFC can increase it organizational performances. 5.4 Recommendations Although the sample of the research was only KFC employees, it can be used by any organization. Both qualitative and quantitative data shows that retention can increase organizational performance. The methodology has some limitation to. The data is collected from a sample of 30 people. Again, only KFC employees provide data. There is no way to make sure that the target employees have replayed back the questioner. Employee may not give the right answer. Though the limitation, this research can help further research in retention and organizational performance. All the resources have valid source identification. The final result of the research is retention rate can help the organization improves its performances. This research is made independently. As the hypothesis of this research is proved and this research is made only on fast food company(KFC) so other fast food companies like MacDonalds and Burger king, Subway can make use of the results of this report for the related featured problems and to improve their performances. Furthermore it is advised to KFC that it should focus on employees retention rate by using different tools for retention such as salary increase, bonuses, promotions and pension schemes. As this is identified that organizational performance is mostly depending on retention rate so company should take this matter seriously to enhance their organizational performance worldwide and to sustain their business profitability. Because of the limitation of methodology (qualitative and quantitative) in future they need to use one methodology so that they cannot find any conflicts by using two different methods and will research on more employees of KFC from different areas so that they can get more people point of view. REFERENCES Bruce, Anne. (2009:3-47), How to Motivate Every Employees, [online] Madison, USA: The McGraw-Hill. Available form: books.google.co.uk Last accessed 25th Oct 2010 Cooper, Evan. (2007).ÂÂ  Job Stickiness Employee Retention Rate.ÂÂ  [online].Available: http://www.morebusiness.com/running_your_business/management/d952374028.brc Last accessed 1oth Nov 2010ÂÂ   Gordon Barker, (2009) Challenging times require a different talent focus, Strategic HR Review, Vol. 8 Iss: 4, pp.24 28. [online], Available from: Emerald Group Publishing Limited. Last accessed 12th Nov 2010. Jammes Harris Group. (2010). How to Decrease Turnover and Increase Employee Retention.ÂÂ  CBS Interactive. 1 (1), p1-3. Kottolli, Arun . (2010).ÂÂ  Employee Turnover Kills Profit.ÂÂ  [online].Available: http://akottolli.spaces.live.com/blog/cns!7320740A5EA5572!177.entry. Last accessed 12th Oct 2010. Love2reward. (2009).ÂÂ  Employee Retention / Staff Retention.[online]. Available: http://www.love2reward.co.uk/rewards/solution-finder/employee-retention?sen=Googlelink=7id=311051gclid=CP_EzYzMraUCFVBO4QodhWq8Yg. Last accessed 12th Oct 2010. Nelson, B. (2010).ÂÂ  The Ten Ironies of Motivation.[online]ÂÂ  Available: http://www.cognitivehorizons.com/assignments/ED7672/weekFour.htm. Last accessed 20th Oct 2010. Robert L, Mathis. And John H, Jackson. (2008).ÂÂ  Human Resource Management [online].ÂÂ  Available: http://books.google.co.uk/books?id=_yCe7fiQbokCpg=PA74lpg=PA74dq=%E2%80%9CRetention+of+human+resources+must+be+viewed+as+a+strategic+business+issue%E2%80%9D+by+Robert+L.+Mathis,+John+H.+Jacksonsou. Last accessed 30th Oct 2010 retentionconnection.com. (2010).ÂÂ  Employee Retention: Vital Strategy.[online].Available: http://www.retentionconnection.com/. Last accessed 25thÂÂ  2010 Ross Blake. (2006).ÂÂ  Employee Retention: What Employee Turnover Really Costs Your Company.[online].ÂÂ  Available: http://www.webpronews.com/expertarticles/2006/07/24/employee-retention-what-employee-turnover-really-costs-your-company. Last accessed 30th Oct 2010. Shelley Moore. (2010).ÂÂ  The Effect of Employee Turnover.[online]ÂÂ  Available: http://www.ehow.com/facts_4866742_effects-employee-turnover.html. Last accessed 28th Oct 2010. Susan M. Heathfield. (2010).ÂÂ  Keep Your Best: Retention Tips.ÂÂ  [online].Available: http://humanresources.about.com/cs/retention/a/turnover.htm. Last accessed 29th Oct 2010. wfnetwork.bc.edu. (2007).ÂÂ  Definition of Retention.ÂÂ  [online].Available: http://wfnetwork.bc.edu/glossary_entry.php?term=Retention,%20Definition(s)%20ofarea=All. Last accessed 14th Oct 2010 Buchanan, D. Huczynski A, 2010.ÂÂ  Organizational Behaviour.ÂÂ  7th ed. England: Pearson. Lewis, R. 2007. Business, .England: Nelson Thornes Price,A .Human Resource Management in a business context.3rd ed. England: south-western Cengage learning Bloisi,w. Human resource management. England: McGrawHill education BIBLIOGRAPHY

BMG Inc Essay -- Music Industry Essays

BMG Inc The music industry has experienced dramatic shocks that will ultimately transform its structure. The transformations have been sparked by new technologies and Internet use distributing music as a digital good. The MP3 audio format and the wide distribution network that has become available via the Internet are driving changes in the recorded music market structure and, thus, are simultaneously having significant impacts on the players in the traditional recorded music value chain. Global retail sales of recorded music dropped from $39.8Bn in 1996 to $38.5Bn in 1999 while the popularity of digital music has grown. This reflects digital music’s new role as a â€Å"strategic necessity† of the music industry. It is obvious that the digital music format is here to stay and, indeed, is quickly becoming the preferred product choice of music customers. Our group will examine the internal and external factors responsible for shaping this new marketplace and analyze BMG’s roles in the move to distribution of digital music. Financial Analysis BMG Entertainment, a subsidiary of Bertelsmann media, is a privately held company; therefore we can not study its market performance. However they do release financial statements to the public allowing industry performance to be measured (See Figure 1). To measure BMG’s financial health and profitability three tests were performed. These tests were also applied to the other major players in the music industry. An excellent way to determine BMG’s financial health is a quick ratio, also known as the acid test ratio which was calculated and compared to it rivals. The quick ratio is calculated by taking a firm’s current assets minus inventory divided by current liabilities; this allows you see how well the firm can pay back its debts in a timely matter. BMG, with a ratio of 2.39, only trails Sony, and along with Sony they are the only ones to have a ratio over one, meaning the other three firms have more debt than cash and cash equivalents. This is good sign of finan cial health because BMG has more than twice the amount of liquid assets to cover its immediate debts; unlike its competitors who find themselves quite short. The final two tests net profit margin (net profits over sales) and return on assets (net profit before taxes over sales), measure firms profitability. Net profit margin measures how much profit is generat... ...68 DEM 8,652  £1,143  £1,013 JPY 210,516 JPY 176,191 $6,971 $8,881 $8,769 $9,861 Inventory DEM 1,278 DEM 1,569 JPY 16,274 JPY 12,918 $2,627 $2,555 $2,258 $2,182 Current Liabilities DEM 2,317 DEM 3,100  £2,255  £2,098 JPY 56,749 JPY 54,361 $4,709 $8,146 $9,070 $9,670 Net Profit DEM 1,122 DEM 910  £210  £132 JPY 36,264 JPY 31,863 $946 $686 $168 $1,960 Taxes DEM 520 DEM 845  £97  £72 JPY 9,038 JPY 3,929 $702 $343 $418 $1,540 Sales DEM 22,985 DEM 25,991  £3,309  £2,374 JPY 226,575 JPY 226,656 $9,474 $12,312 $26,244 $27,333 *note: Inventory level not available for EMI due to differences in British accounting practices. All figures obtained from the consolidated financial reports contained inside the parents annual report. Table 1: Financial Results for BMG BMG Inc Essay -- Music Industry Essays BMG Inc The music industry has experienced dramatic shocks that will ultimately transform its structure. The transformations have been sparked by new technologies and Internet use distributing music as a digital good. The MP3 audio format and the wide distribution network that has become available via the Internet are driving changes in the recorded music market structure and, thus, are simultaneously having significant impacts on the players in the traditional recorded music value chain. Global retail sales of recorded music dropped from $39.8Bn in 1996 to $38.5Bn in 1999 while the popularity of digital music has grown. This reflects digital music’s new role as a â€Å"strategic necessity† of the music industry. It is obvious that the digital music format is here to stay and, indeed, is quickly becoming the preferred product choice of music customers. Our group will examine the internal and external factors responsible for shaping this new marketplace and analyze BMG’s roles in the move to distribution of digital music. Financial Analysis BMG Entertainment, a subsidiary of Bertelsmann media, is a privately held company; therefore we can not study its market performance. However they do release financial statements to the public allowing industry performance to be measured (See Figure 1). To measure BMG’s financial health and profitability three tests were performed. These tests were also applied to the other major players in the music industry. An excellent way to determine BMG’s financial health is a quick ratio, also known as the acid test ratio which was calculated and compared to it rivals. The quick ratio is calculated by taking a firm’s current assets minus inventory divided by current liabilities; this allows you see how well the firm can pay back its debts in a timely matter. BMG, with a ratio of 2.39, only trails Sony, and along with Sony they are the only ones to have a ratio over one, meaning the other three firms have more debt than cash and cash equivalents. This is good sign of finan cial health because BMG has more than twice the amount of liquid assets to cover its immediate debts; unlike its competitors who find themselves quite short. The final two tests net profit margin (net profits over sales) and return on assets (net profit before taxes over sales), measure firms profitability. Net profit margin measures how much profit is generat... ...68 DEM 8,652  £1,143  £1,013 JPY 210,516 JPY 176,191 $6,971 $8,881 $8,769 $9,861 Inventory DEM 1,278 DEM 1,569 JPY 16,274 JPY 12,918 $2,627 $2,555 $2,258 $2,182 Current Liabilities DEM 2,317 DEM 3,100  £2,255  £2,098 JPY 56,749 JPY 54,361 $4,709 $8,146 $9,070 $9,670 Net Profit DEM 1,122 DEM 910  £210  £132 JPY 36,264 JPY 31,863 $946 $686 $168 $1,960 Taxes DEM 520 DEM 845  £97  £72 JPY 9,038 JPY 3,929 $702 $343 $418 $1,540 Sales DEM 22,985 DEM 25,991  £3,309  £2,374 JPY 226,575 JPY 226,656 $9,474 $12,312 $26,244 $27,333 *note: Inventory level not available for EMI due to differences in British accounting practices. All figures obtained from the consolidated financial reports contained inside the parents annual report. Table 1: Financial Results for BMG

The Farm Real Estate Economy :: essays papers

The Farm Real Estate Economy Farm real estate values have increased continuously from 1987 to 1998, significantly improving the financial position of many farm businesses. But for the first time in over a decade farm real estate prices have begun to fall, due in part to record breaking yields for crops and extremely low commodity prices. I believe the value of farmland has increased at too fast a pace in relationship to value of farm production and is facing a major market adjustment. The farm real estate market saw it’s last major market adjustment in the mid 1980’s (see figure 1), many operations went out of business and the banking industry lost millions. In many cases the value of the note the bank was carrying was in excess of the value of the land securing that note. Although the market adjustment I anticipate will not be as drastic as the crisis of the 80’s, I do believe many lending institutions are in place to take some serious losses if the federal government suspends it’s p ayments to farmers. Farmland currently accounts for slightly over 79 percent of all farm sector assets, which now exceed $900 billion. Some 52 percent of total farm sector debt, composed of either mortgages or short or intermediate term debt are secured by farmland. Consequently, the financial security of farm sector borrowers and their lenders is affected by changes in farm real estate values. Agricultural land values are primarily determined by the income earning potential of the land, as measured by expected returns from crops and livestock. However in many areas, nonagricultural factors are playing a greater role. Where non-farm influences are involved, farmland is often drawn out of agriculture for residential, commercial, or recreational uses. Farmland values in rapidly urbanizing areas, like the outskirts of Lincoln for example or in areas popular as recreation destinations tend to be higher than would be predicted based on agricultural returns alone. Research has found that 10 to 20 percent of the farmland in the United States is effected by population expansion. This may seem like a small percentage of the total farmland in this country but in many instances in urban areas land is valued at five times it’s production capability, or higher. This however is not taken into consideration when valuing the real estate in the farm sector as a whole. This problem is most prevalent in the Northeast United States.

Bullying and True Inner Feelings

Bullying: causes and consequenses In today’s world, bullying is nothing out of the ordinary. Everyday we hear about bullying, whether it is in the news, at school, or from our friends and is becoming a worldwide problem that occurring around us everyday and everywhere. People experience some sort of bullying at some point in their lives whether they are the victim or the bully. What has developed as a common thing amongst people of all ages has had serious effects and caused tragedies for many people.People go about with their daily tasks in life and sometimes don’t realize the the harm they are causing to other people when they make jokes about others whether they have disabilities, culture or physical apperances. This expository essay will focus on the causes and the conseques of bullying and the effect it has in todays society. Although there are multiple ways to define bullying, it is a negative action directed to a specific individual and carried out by one or poss ibly groups of people.Bullying is basically anything that makes a person feel hurt of embarrassed whether it is physical or phsycological. No matter if it is physical or mentally, bullying is always wrong. Bullying can be placed in two categorizes: verbal,physical and cyber bullying. Verbal bully is known to be the most common type of bullying. it is when you criticize someone because of their physical appearance. and physical bullying is a common everywhere you go whether it being at home or in genral public.Physical bullying can be influenced by a lot of things such as such media as television, music and sometimes people that are really close to us such as our parents and friends are all factors that can influence physical bullying which can lead to something even more dangerous. Cyber bullying is when an individual is emarrased or tormented by another individual using the internet. Unnecessary posts, name calling or mean emails are all ways of cyber bullying.Cyber bullying is ver y serious in todays society because the individual that is being bullied may find it hard to tell someone about what they are going though. Even though cyber bullying cannot physically hurt an individual,it can leave that person feeling mentally distressed and upset. In many cases, bullying can be triggered by numerous of these individuals to use rage and violence to handle their problems. Individuals raised in these kind of atmosphere might not see these kinds of actions wherther it is hysical or verbal as bullying but will only see such behavior as normal and acceptable because they are use to that kind of behavior. For some individuals that are yound and are kids, poor academic performance can be another cause of bullying. Some of these children struggle in the classroom and feel that they are not being helped by teachers and even fellow classmates which can lead to them loosing hope. When hope is lost these children will act out and this can translate to them being bullies and s eeking revenge on other children that are achieving more and doing well.These children become bullies that hurt, threaten and control other people because they are often angry, jealous and when can lead them to be very aggressive. Another cause for bullying is low self esteemwhen you add up all the possibilities, it should come as no surprise that bullies tend to struggle with self esteem . the outward behaviors they practice truly shows their true inner feelings. They lack self confidence, struggle to fit in and are ofen judeged by others and feel confident and feel powerful by controlling others.These individuals that are bullies who are often thought of as not as smart have little empathy for these victims and derive satisfaction from injuries and suffereing on others. They often defend their actions by saying that their victim started it by provoking them which led to the bully’s action. They are often anti social,and having a positive about violenve are some other traits often found in these bullies. Children aren’t always bullies but men and women of all ages can also be bullies.