Strategic management Term Paper Example | Topics and Well Written Essays - 1250 words

Strategic management - Term Paper Example They are the leaders in investment banking, wealth management and a host of other services. The biggest change that ever took place in the history of the financial institutions was the merger with Bank One. This change primarily took place because the other banks like the Bank of America were almost ready to merge with other big banks like FleetBoston. This merger took place because the financial institutions came under increasing pressure during the time of recession. The announcement of this merger was made on 14 January 2004. The Wall Street reacted very positively because of this merger and the NASDAQ witnessed growth soon after the merger took place. This change took place because the two financial institutions wanted to downsize and cut the deadwood out. The aim was to save about $2.2 billion over three years  and it was planned to eliminate as many as 10,000 people. This again goes to show how desperate even the biggest financial institutions were at the time of recession. Mergers and acquisitions were very common and these overtures were the initial signs which showed that almost all the big financial institutions were panicking. Volatile corporate banking was the major factor on which JP Morgan primarily functioned. The investors looked less enthusiastic with the deal between Bank of America and Fleet-Boston. This deal was for a whopping $48 billion. The shares of Fleet-Boston were driven up as a result of this deal because Bank of America offered 40% premium in this deal. The shares of Bank of America however came down and the investors lost a lot of money consequently. Big mergers take place because both the companies involved in the merger want to grow at a tremendous pace but this merger was not very useful for both the financial institutions. The collapse of WORLDCOM in the year 2005 signaled trouble for JP Morgan chase, the institution had to pay a whopping sum of $2 billion. This sum was paid to the different

Employment Relations Essay Example for Free

Employment Relations Essay Introduction: This essay will discuss the two different management approaches towards to the recent industrial action taken against Lend Lease and identify what differentiate the two approaches. The second part of the essay will provide an argument of how applying these approaches from the upper management could potentially change the outcome of the industrial action against Lend Lease. Body: Pluralist approach: The characteristic of pluralist approach is to satisfy various interests and aspirations within their employees. The organization power was diffused among the main negotiating groups within the company in such a way that no any party will dominate others. Pluralism approach is open about employment relationships as it allows the creation of a potential structural opposition to be raised, as well as allows the workplace to generate certain conflicts with the organization. By doing so, it will prevent public interest conflict as well as to suppress the inappropriate use of power from the upper management. However, the weakness of pluralist approach is that it relies on the negotiation and bargaining process when there are disputes incurred between the management and the workforce, if in the event of the dispute cannot be resolved it will resorts to the use of law. Management in pluralist approach should not prohibit any ideas or expectations of blind obedience from the employees. Their goal is to reconcile conflicting views and keep the conflict within an acceptable range, so the conflict does not destroy the organization. Unitarist approach: The characteristic of unitarist approach are regarded that the whole organization shares a common purpose and are united in the achievement of common goal. The role of management in unitarist approach has the ability to provide leadership and expected to have good communications, while employees should be loyal to the organization and to carry out the work organised by management as directed. Worker Unions are considered competitive and is believed to destroy the loyalty and the commitments of the employees hence it is not welcomed by the managements. However, the weakness of unitarist approach is that it fails to recognise the needs of different interests between employees, and assumed that decisions made by managements are rational and contain within the interest of all employees. Unitarist approach believes that conflicts in the workplace is not inherent, in fact, it is a communication failure between the organization and the employees. For example, on the 24th July, the workers for Lend Lease has decided to walk off the site and start the 48 hours strike after the breakdown in the negosiation of better pay and condition. This shows that the employees are not accepting how the management’s lack of awareness of their needs. On the 25th July, ACTU published a media release stating the issues between Lend Lease and its employees, and suggested that Lend Lease should consider a fair working environment and pay for its contractors and sub-contractors, given that Lend Lease has made almost half a million worth of profits last year but failed to provide a fair working condition to its workers. This media release shows that the Union are trying to attract social awareness by publishing public release and in the hope of forcing Lend Lease to re-negotiate their terms. On the 27th July, CFMEU has escalated the issue to a national level and the Union has set up a picket at the Barangaroo construction site. This action has caused Lend lease sites in lockdown across the country, as stated by one of the employee Brain Parker â€Å"The company is not currently bargaining in good faith† The above event shows that if Lend Lease has followed the pluralist approach, the action may be able to be under control as Lend Lease will act by considering the words and the issues rose between the management and the employees and can act accordingly to the issue. However, according to the examples shown, Lend Lease seems to have been following the unitarist approach which has in fact, escalated the conflicts between the management and their employees as shown in the article published by green Left. The article mentioned that Lend Lease did not made a sincere approach to the negotiation and offered something that the Union consider as â€Å"a joke† which did not loosen the tension but added more stress on top of it. Identify which one of the approaches provides the better explanation. Explain your reasoning. Based on the industrial action that has been taken against Lend Lease, it shows that Lend Lease was first using the Unitarist approach to their employees by not willing to negotiate with their new proposal. This has than created an enormous negative impact on both the social and the company as the projects were likely being delayed due to the industrial actions. Conclusion: In conclusion, Lend Lease would have been able to avoid the industrial actions by having a dynamic management approach on their worker base on different situation. This essay shows how in appropriate management style could create such impact on both the social media and the company itself.

Pauls Case Essay examples -- essays research papers

Hello to all of you, my name is Paul. It seems that much has been said of me and I, for one would like for you to know the true story, as I see it. There is nothing more beautiful than music, that is a fact that has helped me throughout all of my life. â€Å"The first sigh of the instruments† can feel to me like a thousand wonderful days all wrapped into that one moment. There are not many who understand the pull of the stage and of the arts to a person like me, not my teachers, and certainly not my father. There was a man, though, who seemed to understand my plight. His name is Charley Edwards, an actor at Carnagie Hall, whom I have seen perform many times, and who I consider to be a close, personal friend. But even he could not grasp the luck of life which he had. In order for you to understand a little more about the truths of the arts, let me tell you what makes me love them so. Growing up among the â€Å"ugliness and commonness† of Cordelia Street was very difficult for me, not only because of my father and the loathing I had for him, but because of the â€Å"flavorless, colorless mass of everday living† there. I never belonged there. I dreamed of the day when I could sit for hours upon hours and just listen to the orchestras, wearing purple and looking at flowers. You see these beautiful things that belonged in my life were totally absent as long as I was anywhere near Cordelia Street in Pittsburgh. Have I told you yet about the beauty of red carnations? No, I guess I haven’t. I wo...

French Revolution Human Nature

What is human nature? Are humans self-interested and savage or are we socially conscious and kind? The people of the French Revolution give us an answer to these questions. The French Revolution was a time of rebellion and revolution and provided an immense change to the country of France. The revolt was started by drought, rising prices, and increasing frustration with the government by the citizens of France. The rebelliousness followed the previous age of Enlightenment. Enlightenment philosophers such as John Locke and Thomas Hobbes searched and discovered new ideas about the nature of people and the role of government. Locke believed that every man was born with natural rights and will behave well as long as they have these. Hobbes on the contrary believed that we are all savage creatures who use violence to get our own way. Through events such as The Declaration of the Rights of Man and The Tennis Court Oath, John Locke’s understanding of human nature can be judged as more accurate than that of Thomas Hobbes. The actions that the French people took during the Tennis Court Oath mirror Locke’s beliefs about humanity. In the Tennis Court Oath, the Third Estate challenged the awful monarchy of King Louis XVI by a pledge that they would not leave the tennis courts of Versailles until a new constitution that would meet the peoples needs was written. The Oath states, â€Å"that all members of this assembly immediately take a solemn oath never to separate, and to reassemble wherever circumstances require, until the constitution of the realm is established and fixed upon solid foundations† (Tennis Court Oath). This event is completely related to Locke’s beliefs that every man should have the right to revolt to acquire natural rights and freedoms. In his Second Treatise on Government, John Locke wrote, â€Å"upon the forfeiture of their rulers†¦the people have a right to act as supreme, and continue the legislative in themselves†¦as they think good† (Locke). Locke supported and encouraged people to understand that if a government was not treating them fairly or reasonably then the people have the right to form a new government that they like. The measures taken by the Third Estate supported the beliefs of Locke by taking over to get their natural rights. Locke was correct by predicting that people would do what they had to get their natural rights. Locke’s beliefs that people only want their natural rights are supported in The Declaration of Rights of Man. The National assembly finalized the Declaration on August 26, 1789. The Declaration’s basis comes from Locke’s idea of individualism. In John Locke’s Second Treatise on Government, he states, â€Å"Men being by nature all free, equal, and independent, no one can be put out of this condition and subjected to the power of another without his own consent†¦ these laws ought to be designed for no other reason than for the good of the people† (Locke). John Locke believed that all people are born worthy and deserved natural rights. In the Declaration of Rights of Man, the initial article says, â€Å"Men are born and remain free and equal in rights. Social distinctions may be founded only upon the general good† (Declaration of the rights of Man). The two documents are extremely similar. The intention of the Declaration of the Rights of Man was to make everybody happy with freedom and equality. Locke believed that all men are born free and equal, and the National Assembly therefore included that thought it into the Declaration of the Rights of Man. It is obvious from the text and spirit of the Declaration of the Rights of Man, that John Locke has the best understanding of human nature. The French Revolution was a time of rebellion and revolution that brought immense change to the country of France. When looking at the Tennis Court Oath and The Declaration of the Rights of Man, John Locke’s thoughts and ideas are obvious. He believed that people should be free and shouldn’t tolerate anything less. Locke was correct about people wanting their freedoms, as this was both the action and intent of the French, we can see that his beliefs of human nature were correct. Government should be for the people and should never be unjust; but if a government is unfair to the people than Thomas Hobbes is correct that people reserve the right to revolt. This does not make them savage or self-interested it is just the people using their natural rights. Works Cited â€Å"Declaration of the Rights of Man – 1789 . † The Avalon Project. Yale Law School, n. d. Web. 28 Feb. 2010 . â€Å"The Tennis Court Oath. † Revolution. N. p. , n. d. Web. 28 Feb. 2010 . Locke, John. â€Å"The Second Treatise of Government. † 1689. The Potowmack Institute .

Educational Program on Tobacco Abuse and Addiction Essay

Tobacco is a farming produce that is used for smoking through the form of a cigarette. It normally contains nicotine as well as harmane. Tobacco causes so many diseases such as cancer, cardiovascular and lung diseases. Generally tobacco is smoked, sucked, chewed and snuffed. They contain a very high addictive psychoactive ingredient called nicotine. Tobacco is even worse compared to other drugs. Nicotine is also a very addictive substance clearly known by man and it is very strong and acts very fast. Nicotine is a drug which has many different effects within the body and it stimulates one’s system, even if it makes one feel more relaxed. Nicotine also affects the chemicals in the brain and immediately after the puff one begins to feel high for a second and that is the reason why so many smokers look at smoking as stress relief since they are under pressure. Nevertheless, the program is designed purposely to motivate and educate teenagers and young adults between ages 23-30 the major effects one experiences after tobacco abuse. The program will address the effects of tobacco abuse and it is aimed at increasing the adult’s knowledge of the major effects of tobacco use. The adults between 23 years and 30 years will experience so many activities that will permit them to keep away from using tobacco. During the presentation, all the aforementioned adults will be able to know the effects of nicotine and alcohol cancer being one of them. On the other hand, nicotine tends to cause short-term chances of high blood pressure, heart rate, as well as the flow of the blood right from the heart. Carbon monoxide reduces the amount of oxygen that the blood carries. The long term effects of smoking causes persistent lung disease, coronary heart disease, and stroke, with cancer of the larynx, lungs, mouth, esophagus and bladder. It goes ahead and forms cancer, cervix and the kidneys. The educational program is going to address all this effects of tobacco such that all the adults will be aware and stop taking tobacco.

Le Morte Darthur essays

Le Morte Darthur essays "Le Morte Darthur" is a classic epic prose work from the 15th century, chronicling the life and legend of King Arthur, his round table, and his brave knights. Originally written in French, Sir Thomas Malory translated and edited it and his version is the most renowned. Arthur and his knights are the main focus of the book, but the romance between Guenivere and Lancelot cannot be ignored, and these passionate characters reach their peak in the last two books of the story. These last two books focus on Arthur, Guenivere, Lancelot, and Gawain and their personal issues. This creates a far different environment from the first Tales of the book, which were far less concerned with the personal lives of the characters, and far more concerned with the larger themes of the work, including honor, obedience, and revenge. Relationships come to a head here, and both Arthur and Lancelot must question their relationship with each other and their relationship with Queen Guenivere. Knight is pitted against knight as jealousy and passion override common sense and obedience, and Guenivere finds herself forever in the middle of the two men that love her most, as Lancelot attempts to warn her. He says, "And madam, wit you well I dread them more for your sake than for any fear I have of them myself, for I may happen to escape and rid myself in a great need, where, madam, ye must abide all that will be said unto you" (Malory 404). Finally, Arthur finds that his love for his knights and his kingdom is stronger than his love for Guenivere, but he cannot give her up to Lancelot, he would sentence her to death, first. Thus, in these final two books, the importance of the relationships is resolved, the men understand their true natures, and their Romance is the key to these last two books, but another important key is the fate of the characters, who all must pay for their transgressions in ...

Tradition and Treason

Tradition and Treason Tradition and Treason Tradition and Treason By Mark Nichol Curiously, a word referring to the handing down of beliefs and customs and one pertaining to a breakdown in fidelity to a political system, which is based on beliefs and customs, though they are not antonyms, have a common etymology. This post discusses these words and several others with the same ancestor. The words listed below all derived from tradere, a Latin verb meaning â€Å"deliver† or â€Å"hand over.† That word, in turn, stems from a combination of the Latin preposition trans, meaning â€Å"over† (seen in words such as transfer and transport) and the Latin verb dare, meaning â€Å"do.† Interestingly, however, though to trade is to deliver or hand over (in return for something else), the English word trade is not related; its origin is the Germanic trade, meaning â€Å"course† or â€Å"track† and cognate with tread. (Likewise, the English verb and noun dare is from Old English, not Latin.) Tradition comes from traditionem, referring to an act of delivery or handing over; the adjectival and adverbial forms are traditional and traditionally. (Trad occasionally appears as a slang abbreviation of traditional.) Adherence to tradition is called traditionalism, and one who advocates that philosophy is a traditionalist. Extradition, meanwhile, refers to handing over, as when the authorities in one country deliver a fugitive to those in the country in which he or she committed a crime; the verb is extradite. This fugitive may very well be a traitor to the country to which he or she is being extradited. Traitor, from the Latin noun traditor by way of French, means â€Å"one who delivers,† originally in the sense of information injurious to one nation and beneficial to an antagonistic country. By extension, one who merely betrays another’s trust may be branded a traitor. The act of betrayal is called treason, and the adjectival form is treasonous (and, less often, treasonable, with the adverbial form treasonably); however, treasonously is not employed as an adverb. (Treachery and its similarly inflected adjectival and adverbial forms is a similar-looking but unrelated synonym.) Speaking of betray, that word’s root stems from tradere as well. (An act of unfaithfulness is betrayal, and the actor is a betrayer.) Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Vocabulary category, check our popular posts, or choose a related post below:4 Types of Gerunds and Gerund Phrases5 Brainstorming Strategies for Writers20 Tips to Improve your Writing Productivity