Essay in Managerial Economics Example | Topics and Well Written Essays - 2250 words

In Managerial Economics - Essay Example In the banking industry therefore, these relationship in governance may be quite complicated in the sense that the regulatory oversight is very likely to compromise the alignment of incentives. Several arguments have been advanced to suggest that the huge payment packages to the executive emanate from the influence of powerful managers who design the payments as well as extracting rents from companies. On the other hand, some argue that the large pay package for the executives is a result of optimal contracting in a market that is fairly competitive especially for talents in management. The importance of regulators as Berger et al. (2000) argue is to evaluate the bank holding condition. The supervisor analyze firm on the basis of financial conditions and risk management as well as present a bank with an assessment that is confidential. The issue of supervisory rating is related to executive compensation in banks, in that weaker ratings are closely related to intensive outside monitor ing by the regulators. As such, the most favorable executive compensation design can be developed from a trade-off between risk shifting and perk consumption both of which are agency problems that the executives are faced with. Risk shifting can be said to be the risky behavior that managers undertake because of an incentive based compensation or reward. Perk compensation on the other hand, is consuming perks to the detriment of shareholders especially when there is little or no incentive based compensation for the managers. In instances where there is strong outside monitoring by the regulators, the limit risk usually shift on the managers part paid equity, consequently, an optimal design of executive compensation is achieved with improved sensitivity of pay for performance. Consequently, regulatory monitoring is capable of increasing the risk adverse behavior on the part of the executive. It therefore follows that in order for the executive to perform, their payment must be relate d to their performance. The banking industry is a unique sector in the sense that it must be able to operate within the regulatory confines (Sierra et al. 2006). The importance of government regulation cannot there be overemphasized. This is because the deposit insurance as well as system of payment ensures that the government can effective make a claimant on the assets of a bank. Discussion In the current global financial crisis, there are several causes that have been on the spotlight to explain the state. This causes as advanced include: the guiding philosophy for the global neo liberalism, the increase in the number of the subprime mortgages, and also the presence of the real estate market that is uncontrolled. That notwithstanding, it is the contention of this paper that there is more to current status than the aforementioned causes and that the main contributor to the current crisis has its roots in the problem of incentive. According to Fee & Hadlock (2003), an incentive can be defined in simple terms as a way of convincing persons to do less of the bad things and more of the good ones. It goes without saying that incentives form the basis of corporate life, especially in instance where the executives are involved, understanding them can be a key factor in addressing almost any riddle in an organization. However, the current corporate governance

Discussion Article Example | Topics and Well Written Essays - 250 words - 5

Discussion - Article Example terest groups should only be a particular group that feels it has been neglected but instead American society should consider each and every individual as worthy of special interest (Bartleby.com 1). One of the most interesting aspects in Marc Cooper and Greg Goldin’s article â€Å"Some People Don’t Count’ is the racial aspect that the authors brought out. The two argue that the Los Angeles riots were largely the fault of Chief Daryl Gates who did little to put in place fair measures to ensure that the riots did not occur in the first place (Cooper & Goldin 1). Arrests were distinctly racial in nature as evidenced by the fact that the large majority of men who were arrested were from the Black and Latino community. The media did little to calm racial tensions constantly referring to these communities as violent. Another interesting aspect is the fact that the black leadership also did not do their part to provide support to the black community leaving gay organisations to do the large amount of encouraging activism (Cooper & Goldin

Re-victimisation of Holocaust Survivors in the Contemporary Filmic Essay

Re-victimisation of Holocaust Survivors in the Contemporary Filmic Landscape - Essay Example .. ever cut me as sharply, deeply, instantaneously† (Shandler 1999, 212). Susan Sontag reveals in this statement that Holocaust victims are chronically re-victimised by the manner they are represented in films. This paper is an attempt to discuss Sontag’s argument in relation to the documentary film Night and Fog. Night and Fog by Alain Resnais Night and Fog uses a French storyteller alongside contemporary perspectives and archival film recordings of the concentration camps. The documentary film also hosts several still photographs (Knobler 2008). A major issue explored in the film is the opposition between the desolated, wretched camps at present and the different atrocities they witnessed in the 1940s. A secondary issue is the manner in which the atrocious Nazis were not inherently distinct from other human beings in most cases. The documentary film is sketchy, and not strictly sequential. It opens up with vivid footages of present-day camp sites, a harmless environmen t populated with rubbles, abandoned buildings, and wild flowers. An unforgettable episode at the onset displays how the entry to the concentration camp looked like to a World captive (Aufderheide 2007). With a measured narrative style, the initial part of the film progresses from the first instances of Nazi power to arrest all over Europe, and the appalling realities of camp existence. Sprinkled with gruesome images from the 1940s are several photographs of present-day camps. They look like threadbare artefacts of a historic period. The last part of the documentary film emphasises the concentration camps as places of inhumane events and mass slaughter. Himmler then appears to readdress the intention of the concentration camps (Shandler 1999). The horrendous images of mass extermination are documented and shown in various ways: containers loaded with victims’ heads, partially incinerated remains in funeral pyres, and signs of struggles and pain on the inner entrails of the gas chambers. A haunting aerial photograph of a concentration camp in the 1940s confers a ghostly feeling of the immensity of the whole venture (Aufderheide 2007). The documentary film ends with images of the concentration camps being freed, and the perpetrators facing legal proceedings. The narrator afterwards informs the audience that this kind of inhumane desires and actions persist until now. Night and Fog fuses a controlled narrative style with memorable vivid photographs and scenes. Transitioning from archival footage to the current condition of these places of dread is remarkably successful. However, in spite of its power and influence, the documentary film raises a number of dilemmas. The general premise that resulted in the concentration camps is overlooked. Hence, the act of genocide presents a more methodical, but never an exceptional, concern for this subject matter. Susan Sontag, on a similar vein, sees this whole enterprise in a more reflective and scholarly way. Looking at Night and Fog through Susan Sontag’s Arguments It is the argument of this paper that there will always be a moment in the existence of a civilisation which will endure a tremendous predicament, where in there emerges a discourse of traumatic memory. The relevance of Susan Sontag’s argument to Night and Fog overcomes the factual allusion to specific experience of

Blog Article Example | Topics and Well Written Essays - 1250 words

Blog - Article Example The organizations, big and small, scattered around the globe tend to have more than their ample share of what may be called the bad managers, whose only concern seems to be to mar the organizational efficiency and nip the talent right in the bud, wherever it is deployed within or outside the organization, thereby restraining the organization from achieving the levels of productivity and efficiency that may shock the shareholders, pushing most of them towards a premature stroke or heart attack (Lussier and Achua 5). One other role of bad managers is to give way to a pervasive despondency, apathy and cynicism within organizations so that employees may genuinely end up believing that they scarcely deserve a promotion or a raise, thereby sparing the organizations from splurging much money in the name of motivation and efficiency. When it comes to recruiting bad managers, the organizations may complain of a serious dearth of real talent. However, the good news is that bad managers happen to be just like regular managers with a discerning pool of skills and abilities at their disposal, which help them justify their title and denomination. While talking of bad managers, the one person that emerges on the canvass of my memory is Mr. Dam Doolittle, a paragon of managerial dexterity and a virtual paradigm of a bad manager, whom I came across while working in a local advertisement firm. One thing that outshined Mr. Doolittle from the pool of inefficient menials working under his tutelage in the firm was his panache for professional outlook. Mr. Doolittle had a passion for designer suits, ties and Italian patent leather shoes. Perhaps his guiding maxim was that if one successfully managed to look like a manager, than perhaps 99 percent of one’s job is done. No wonder, Mr. Doolittle’s managing acumen stood to be merely skin deep and superficial like the garishness of his apparels. However, sadly, this was not the be-all and end-all of his managerial acumen and talent. Mr. Doolittle indeed was endowed by the providence with some rare and special skills that aptly placed him at an assorted place in the hall of fame of the worst managers. His reputation was indeed well deserved and well earned, scarcely impervious to any tarnishing by the ravages of time or bursts of organizational change. When it came to micro management, it goes without saying that on this entire globe there scarcely existed a manager born of a human womb that could match the adroitness of Mr. Doolittle. Mr. Doolittle scarcely believed in the obsolete concept of ‘vision’. He was a stickler for change. He believed that in the current times defined by fast altering consumer preferences and the onslaught of digital solutions, ‘vision’ happened to be a thing of the past. He not only believed in leading from the front merely, but generously spread his management talent, right, left, behind and center, firmly convinced that the day he contracts his man agerial acumen from the floor, the business will virtually fall down on its knees. He believed in ruthlessly cracking the whip whenever and wherever the need be, luckily restrained by the organizational norms from wielding a whip in the literal sense. Being deprived of the superfluous notion of vision, the employees mostly felt insecure, confused and intimidated, and that is how Mr. Dam Doolittle expected them to be (Benfari 109). Esteemed to be a manager worth his salt, he had

Organisational management Essay Example | Topics and Well Written Essays - 5000 words

Organisational management - Essay Example he rules promulgated by the government for the benefit of the citizens in a way that would attempt to resolve conflict among individuals and groups as well as stamping out crime. The police organisations are structured in such a way where there are different departments responsible for different operations but at the end of the day are aimed at achieving the main objective of their existence which is promoting peace and an open system in their operations has been lauded as effective especially when interacting with the external environment. However, there are various factors that may influence the operations of the managers in police organisations such as PESTEL. The open system also affects the operations of an organisation to a certain extent as going to be discussed. As a point of departure, it is imperative to highlight the notion of open system as a way of gaining a clear understanding of the whole concept. Basically, the concept of open systems posits to the effect that police organisations rely heavily on the external environment which is significant in evaluating the inputs and the outputs related to their services (Chronkhite C.L., 2007). For instance, it was observed that in the UK most factors which impacted on the criminal justice system were external and finding responsive service to these problems required constant monitoring and feedback from the outside environment. This could be achieved through an open system that would allow the police service to get feedback from the external environment related to inputs and outputs and then carefully analyse this in order to operate more effectively and independently especially from political intervention. The control feedback is structured in such a way that is cybernetic in nature where the external agencies play the informing role and the police would act on such information in executing their duties. Like any other organisation, the police do not operate in a vacuum but in a society made up of people who

Response Paper (The American Revoltion in Indian Country Essay

Response Paper (The American Revoltion in Indian Country - Essay Example demonstrates how Native American were able to pursue different strategies as they went through difficult experiences but were able to uphold their legacy Colin Calloway writes that, "The Revolution marked an emphatic divergence between the Cherokees and their colonial neighbors as the warriors of both societies "took control of the path. This illustrate the lateness that was at hand because the Cherokee involvement in the revolutions was not a simple sign but it proved a powerful, durable and the same time usable image. The clamor kept on growing especially in the 19th century on how to remove the Cherokees from their only remaining lands, although there were the strong peace efforts emanating from the village headsmen way back before the war, during the war, combined role that was played by the Chota as well as the new societies which were built from the outcome ruins of the war were not listened to but ignored. All this was in the favor of what was termed as memory of Cherokee antagonism in the revolution. Therefore, the Cherokee had the responsibility again to begin afresh the practice of rebuilding their lives and homes past Miss issippi. When the fighting came to an end due to the revolution it was very difficult for the Cherokees because they were like orphans, they were without a place completely in the universe. Because of the repercussion of the war, their population was affected drastically which led to serious drop of about 10,000 in number only and at the same time lost their homelands which was estimated to be around three-quarters as well as hunting grounds and towns were destroyed. The revolutions grouped lower towns to be Chickamauga while those who remained neutral kept on dividing the Cherokee. Their cultural framework was affected so much which disrupted the harmony which existed amongst the Cherokee wellbeing in relation to their spiritual world. This caused a lot of disorder everywhere. Thousands of Cherokees were forced under prevailing

Learner Resources Essay Example for Free

Learner Resources Essay Review the range of resources available within the organisation for a selected curriculum area. Prepare, use and evaluate one of them in their teaching. Analyse the strengths and challenges of the selected resource and how it has supported learning. INTRODUCTION Selecting the use of resources is a vital aspect of enhancing not only the learning experience for the student, but also the effectiveness of the teacher’s delivery. The fact that students do have varying learning needs and styles, would suggest that the teacher would need to consider the various learning resources available that could help fulfil the student needs. Therefore it is important that the use of resources are fully integrative of the teaching strategies used, hence complimenting to the effectiveness of these strategies. Teaching/learning resources that can be used are: †¢ Printed materials †¢ Photographs and slides †¢ Posters †¢ Models †¢ Chalk/Black Boards †¢ Flip charts †¢ Overhead transparancies †¢ Audi tapes and compact discs †¢ Tape slide sequences †¢ Video tapes and film †¢ Laboratory equipment †¢ Real objects †¢ Computer based resources However, whilst there is a great deal of choice available to the teacher it is important to evaluate the options available fully in order to ensure that the aims and objectives of the session are met and that resources are not chosen in an unstructured way. Rather, the resources, should be a complimentary tool to enhancing the learning experience. This can ensure effective student learning, however, if not evaluated fully, this can have a detrimental effect. Cox and Harper (2000: 57-58) pose general questions to consider when evaluating resources: †¢ Are the materials appropriate to the learning outcomes? †¢ Are they suitable in terms of the characteristics of the students? †¢ Are they clear and attractive and consistent with a professional approach to teaching? †¢ Are they reasonably cost effective? †¢ Are they suitable for the way they will be used? †¢ Are they free from discriminatory language or images? Therefore, when evaluating the most commonly used resources that have been undertaken on the Certificate of Personnel Practice Course at Barking College the above considerations will be taken into account. The table below analyses the learning resources that have been used within the teaching context on the Certificate in Personnel Practice course at Barking College. The resource most frequently used within the sessions conducted on the Certificate in Personnel Practice course is the use of the Powerpoint (see Appendix A for example of powerpoint presentation taken from Week 12 of the course). It was felt that the Powerpoint presentation enabled the greatest opportunity to convey information to a full class of students, whilst given the learners an opportunity to feedback, through questions and answers. As stated by Armitage et al (2003: 127) this method gives the potential for dynamic graphics, greater and easier to use colour and ‘live’ demonstration of interactive software and the Internet’. Additionally, Davies J et al (1993) suggests that if it is apparent to the students that little attention is given to the quality of the resource then motivation will be affected. Therefore, the session would benefit in continuously gaining student feeback on the effectiveness of this resource. Previously, overhead slides had been used, but as mentioned the use of Powerpoint has become very cost effective, through storing presentations on disk. As well as sharing this with other members of the teaching team it can be shared with the students as well. Specifically, Powerpoint allows the student to print out user-friendly handouts of the slides, which is effective for note taking. Through identifying some of the limitations of the Powerpoint the sessions include the active use of the whiteboard to write down student contributions and amendments. The need for further additional resources to compliment the Powerpoint is also needed. The use of handouts has identified further that assessments and participatory groupwork is imperative. Therefore, as with all resources it is important that there is not over-reliance on one particular resource, as this would not appeal to all learning styles and is limited in meeting the strategies adopted by the teacher. Therefore the use of complimentary and additional resources is imperative. Case studies have been identified as an ideal way of ensuring assessment, whilst obtaining active student involvement either individually or as a group to contribute. So will therefore, be used more readily in future sessions to compliment the Powerpoint resource Conclusion Different resources have their strengths and weaknesses, with some having a more positive/ negative effect on the learners than others. Therefore, a range of resources have been continuously used on the course in order to not only meet the needs of the learner but the aims and objectives of each individual session. BIBLIOGRAPHY Armitage, A et al (2003) Teaching and Training in Post-Compulsory Education. Maidenhead: Open University Press Cox, A and Harper, H (2000) Planning Teaching and Assessing Learning: A Reader. London: Greenwich University Press Davies, J et al (1993) Adult Learning, Adult Teaching 3rd edn. Cardiff: Welsh Academic Press Honey, P. and Mumford, A. (1992) Manual of Learning Styles, 3rd edn. London: Peter Honey Petty, G (2004) Teaching Today: A Practical Guide, 3rd edn. Cheltenham: Nelson Thornes