Explain the Impacts the Vietnam War Had on Soldiers Essay

The Vietnam was a war like no other and the nature of the fighting in this war had great impacts on the soldiers. At this time, communism was seen as a great threat, especially by Western countries, and so extreme emphasis was placed on the domino theory that when one country falls to communism, others would follow and that forward defence would be the only solution to this issue. Also during this time, Vietnam was artificially split into the communist South, led by Ho Chi Min who defeated and drove out the French, and the government led South, which was in the power of Diem who was clearly corrupt and had little supporters so the spread of communism was quite likely. In response, American and Australian troops were sent to fight for the South and stop this spread of communism but there were many difficulties. Firstly, the soldiers faced very inhumane and difficult fighting conditions. War itself is gruesome but in Vietnam, the conditions were different and in some ways, it was worse. The terrain was difficult since it is made up of open rice paddies, dense jungles and steep ranges that were filled with small villages containing civilians who were had to avoid. Also, the guerilla warfare made it hard for soldiers to identify the enemy since attacks may come from anybody, including normal civilians such as young children or even the elderly. The issues involved weren’t straightforward and both sides were fighting to convince the people that they had their best interests at heart but the Americans and Australians were seen as invaders with a clumsy fighting style and were seen as supporting the corrupt regime of the South. All these conditions impacted the soldiers negatively because they were disadvantaged; they had to fight in conditions that seemed to be unjust and against what they have been taught, causing many of the soldiers to question their role and also feeling lost and confused with the nature of the fighting and also because their actions aren’t even supported by the people they we fighting for and the people at home due to a social revolution. This caused soldiers to feel cheated but also feel as if they let the people down. This impact on the soldiers is significant because it was through this that led to other long-term issues. Also from the fighting, soldiers were physically impacted. Like in any war, many soldiers would have their health impacted by a vast range of circumstances. Many had wounds of various degrees that were caused by numerous explosions from bombs, shelling and landmines as well as from gunshots or flying shrapnel that affected many parts of the body, handicapping soldiers. Also, the landmines used were very serious. If they did not cause death, the injuries caused by these were extremely severe and terrible, as soldiers would lose a leg or even both legs due to this. Soldiers were also exposed to a strong chemical known as Agent Orange, whose original use was to kill jungle growth so that the enemy could be revealed, but there were many serious long term effects as a result of this which included nervous conditions, many forms of cancer, and genetic deformations which led to malformations of children conceived after the war, and continued on into future generations. So as a result of the fighting in Vietnam, many soldiers were impacted physically. Furthermore, the soldiers experienced extreme psychological problems. Due to the brutal nature of the war, soldiers ended up and were forced to kill many seemingly innocent civilians. This is against what many of the soldiers valued and what they were taught; instead of killing the ferocious enemy armies like what their fathers experienced, young children, helpless mothers and the elderly became the victims, which seemed very wrong. This has led to various mixed emotions, comprising mainly of guilt; guilt for killing the innocent and guilt for letting the South Vietnamese down after promising them so much and leaving them deserted in the end. In addition, soldiers would have lost many of their friends in battle but also returned to a home that has been changed by a social revolution (hippie movement) that resented war so instead of returning as heroes for fighting for their country, the soldiers were only quietly brought back and were isolated. As a result of all this, the veterans faced many mental health problems such as depression, schizophrenia, nightmares that eventually led to high suicide rates and many other social problems. In conclusion, many of the soldiers who went and fought in the Vietnam war never really returned; they have been through and experienced so many horrors and physical, mental and social pain, that they never really blended in with their society at home anymore and never really regained what they had before the war again.

American Home Products Essay

Pharmacy had not reached the heavy competition yet during early 1980s, AHP was still the early adopter in the industry, however, the nature of the market will change very quickly follow by the globalization and fast developing of medical technology, efficiency of information communication and financial industry. The competitor will able to launch variously strategies, with wild coverage of products via extended channels in more regions/counties. †¢ Because of debt free strategy, the company had limited investment in R&D. Even they can provide the â€Å"me to product† but the industry will change with more related regulation to be generated from government, that will require each pharmacy company spend longer time, more money to do the testing before launch to the market, â€Å"me to product† will slow down the process to catch the new market segmentation. †¢ Brand risk, due to the company was only focus on the interest of shareholders; lack of CSR (corporate social responsibility) will be another risk. †¢ Over centralized power in the leadership even $500 expense need approved by CEO. Not easy money system and not enough flexibility. b) Financial risks Debt free strategy Case Study/American Home Products Corporation 1 †¢ †¢ Will cause the lack of confident from institutional investors and individual investors due to the low leverage. Inflation! According the public information, the inflation rates from 1979 to 1981 was 11. 22%, 13. 58% and 10. 35%, that means holding money equals losing money. 729m+593m+494 =1816 m which was the total cash AHP was holding, times the averagely discount rate of inflation 11. 72%, they company lost 212. 8 million in 3 years. http://inflationdata. om/inflation/inflation_rate/historicalinflati on. aspx †¢ †¢ †¢ Mismatch between AHP’s performance and stock price, as there was not financial strategy. High tax High dividend payout ratio. 30%-70% debt of total capital †¢ Could possibly downgrading the bond credit level from AAA to AA at beginning 2) Can AHP create value for its shareholders by changing the level of debt? What capital structure would you recommend as appropriate for AHP? What are the advantages and disadvantages of leveraging up this company? The simple answer is â€Å"Yes†. We propose the multiple steps to achieve better leverage. Targeting 30% debt in the first year, because our competitor uses that ratio too, that can be use as benchmark to convince shareholders. Second year we can go for 50% and 70% in the third year. Advantage: Case Study/American Home Products Corporation 2 †¢ Use the excess cash to repurchase common stock will reduce common shares from 155. 5(30% debt) m to 118. 9m (70% debt), as the result that will increase the earning per share as well as the stock price. †¢ Will increase the tax efficiency, the income tax can be reduced to 383. 7m from 455. 2 m. Even the debt interest rate is at 14%, but comparing with 48% tax rate that is very low. †¢ Debt is a good tool to against inflation, as mentioned before, the average inflation rate from 1979-1981 was very high, borrowing money is good way to maintain the company’s assets to staying valuable. Disadvantage, †¢ †¢ †¢ AHP might lose it AAA bond rate Shareholders and senior management team will disagree/agree, and that will split the team at the top of management Potentially risk to bankruptcy with less cash, and easy to be attacked by competitor or financial institutions. 3) What are the possible ways for leveraging AHP? Besides to repurchase the common stock, other ways are: †¢ †¢ †¢ Buy government bond or financial institutions’ bond.

Loans & Advances of Dhaka Bank

Home  » Business  » Economics  » Report on Procudure for Distributing Loans and Advance at Dhaka Bank Report on Procudure for Distributing Loans and Advance at Dhaka Bank on March 20, 2013 in Economics [pic][pic]1. a. Introduction Internship program is a pre-requisite for acquiring M. B. A. degree. Before completion of the degree, a student must, undergo the Internship program. As the classroom discussion alone cannot make a student perfect in handling the real business situation, therefore, it is an opportunity for the students to know about the real life situation through this program.The program consists of three phases: 1. The orientation of the Intern with the organization, its function and performance. 2. The project work pertaining to a particular problem or problems matching with the Intern’s area of specialization and organizational requirement. 3. The report writing to summarize the Intern’s analysis, findings and achievements in the proceeding of the fo llowings. 1. b. Objectives of the Report: The report has two objectives: 1. General Objective 2. Specific Objective 1) General objectives of the report: The general objective of the report is to complete the internship.As per requirement of MBA program of Chittagong University, a student need to work in a business organization for two months to acquire practical knowledge about real business operations of a company. 2) Specific objective of the report: The specific objective of this report is to find and analyze the Credit facilities (its outstanding, recovery, classified loans etc), approval and monitoring process of Dhaka Bank Limited, Local office. It will also include gathering an idea about the securities behind the loan facilities and issuing different bank guarantees.The detail objectives of my study are as follows- †¢   To access the credit structure of banks in practice. †¢   To measure the effectiveness of the selected banks in utilization of their available deposit and resources. †¢   To identify the relationship with their customers. †¢   To identify the loan recovery performances of the selected banks. †¢   To find out the deposit utilization problems. †¢   To find out the implementation of credit risk management policy of the selected banks. †¢   To find out the implementation of the credit risk grading manual of Bangladesh bank by the selected banks. To find out the unsound credit according to the credit risk management policy. 1. c. Methodology Methodology of the study: This report is mainly prepared by the secondary sources of information & some few primary sources of information like – O Direct observation. O Information discussion with professionals. O Questioning the concerned persons. The secondary sources of my information – O Annual reports of DBL. O Credit rating report of DBL by credit rating information & services limited. O Desk report of the related department. O Credit manual information. O Different reference books of the library.O Some of my course elements as related to this report. 1. d . Scope of the study: This report will cover an organizational overview of Dhaka bank. It will give a wide view of the different stages of credit appraisal system of Dhaka bank, starting from the loan application to Loan disbursement and the comparison between standard and existing credit appraisal system of a Bank. The study is organized as follows: †¢   Credit profile of the selected banks. †¢   Loan recovery. †¢   The nature of default. †¢   Credit management and guidelines. †¢   Analysis of the findings and recommendation. 1. e.Limitations There are some limitations I had to face while preparing this report. It is very difficult to collect some of the important data and information. There is some information very secret and the Bank didn’t want to provide this information. But this information may help to build a go od report. Another limitation is availability of the data. The bank doesn’t have sufficient documents of the interest amount they collect from different loans. For this there is no specific profit calculation of the credit department. So, These kinds of limitations I faced while preparing the report. . a. Dhaka Bank Limited DHAKA BANK LIMITED was incorporated as a public limited Company on 6th April 1995 under the company act. 1994 and started it’s commercial operation on June 05, 1995 as a private sector bank. The bank started its journey with an authorized capital of Tk. 1,000. 00 million and paid up capital of Tk. 100. 00 million. The strength of a bank depends on its management team. The Employer in Dhaka Bank is proud to have a team of highly motivated, well-educated and experienced executives who have been contributing substantially in the continued progress of the bank.The marketing activities at the Dhaka Bank are very implicit and vast comparing to that of oth er bank in the country today. The Philosophy of the bank is â€Å"EXCELENCE IN BANKING†. Dhaka Bank is always willing to offer new product features to the client. Besides the applications of these products or services are prepared in a very modern way so that the service can be provided in least time required. The Credit facilities approved by Dhaka Bank are increasing day by day because of its well-organized and trained management and also well-equipped facilities.In recent time banking sector becomes very competitive and without giving good and attractive facilities and service no bank can survive in this time. Dhaka Bank is also trying to provide good service to keep going with this competition. 2. b. Mission Statement: To be the premier financial institution in the country providing high quality products & services backed by latest technology and a team of highly motivated personnel to deliver Excellence in Banking. 2. c. Vision Statement: At Dhaka Bank, we draw our inspi ration from the distant stars.Our term is committed to assure a standard that6 makes every banking transaction a pleasurable experience. Our endeavor is to offer you razor sharp sparkle through accuracy, reliability, timely delivery, cutting edge technology, and tailored solution for business needs, global reach in trade and commerce and high yield on your investments. Our people, products and processes are aligned to meet the demand of our discerning customers. Our goal is to achieve a distinction like the luminaries in the sky. Our prime objective is to deliver a quality that demonstrates a true reflection of our vision- Excellence in Banking. . d. Slogan: Excellence in Banking. 2. e. Company Philosophy The motto or the philosophy of the Bank is â€Å"Excellence in Banking†. Whether in Personal, Corporate, Treasury or Trade transactions of Dhaka Bank Limited is committed to provide the best. Meeting the demand of the bank’s discerning customers is not the sole object ive. The Bank endeavor to deliver a quality that makes every transaction a pleasurable experience. Dhaka Bank feels that, if they can meet maximum clientele requirements in less time with efficiency, then they will be able to accomplish a successful business in the world of banking.Their main objective is – they want to provide every single customer service available in today’s banking procedure for their clientele. Thus they can guarantee the excellence in banking to their valuable customers. 2. f. Company Activities and Performances Paid up Capital The paid up capital of Dhaka Bank Limited amounted to Tk. 1,547 million as on December 31, 2008 which was Tk. 100 million when the Bank started its operation. The total equity (capital and reserves) of the Bank as on December 31, 2008 stood at Tk. 3125 million. Deposits A strong deposit base is critical for success of a bank.During the years the Bank has mobilized a substantial amount in deposits in transactional and savin gs account. The deposit base of the bank continued to register a steady growth and stood at Tk. 48,731 million excluding call as of 31 December 2008 compared to Tk. 41,554 million of the previous year registered a 17% growth. Investment Dhaka Bank has diversified its investment portfolio through Lease Financing, Hire Purchase, and Capital Market Operations besides the investment in treasury bills and Prize Bonds. The emphasis on high quality investment has ensured the bank to maximize its profit.Dhaka Bank Limited is a member of the Dhaka Stock Exchange and Chittagong Stock Exchange. A specialized unit of the Bank, the Investment Division manages the Bank’s portfolio and actively participates in the screen-based on-line trading of both the Stock Exchanges. Profit Dhaka Bank Limited registered an operating profit of Tk. 2,010 million in 2008 compared to Tk. 1,183 million in 2007 making a growth of 70%. After all provisions including general provisions on unclassified loans, pr ofit before tax stood at Tk. 1,531 million. Provision for tax for the year 2008 amounted to Tk. 27 million. The net profit of the bank as on 31 December 2008 stood at Tk. 704 million compared to previous year’s Tk. 580 million making growth of 21%. Earning per share (EPS) was Tk. 46. 06 in 2007 compared to Tk. 45. 17 in 2007. Loans and Advances The Bank implemented the system of credit risk assessment and lending procedures by stricter separation of responsibilities between risk assessment, lending decisions and monitoring functions to improve the quality and soundness of loan portfolio. The Bank recorded a 17 % growth in advances with a local loans and advances portfolio of Tk. 9,972 million at the end of December 2008 compared to Tk. 34049 million at the end of December 2007. As of 31 December 2008, 96. 85 % of the total Bank’s loan portfolio was regular while only 3. 15 % of the total portfolio was non-performing as compared to 1. 64 % of 2007. Bank made required pr ovision as on 31 December against performing loans as per rate and classification norm provided by Bangladesh Bank (se note-2c). The volume of non-performing loans stood at Tk. 1,258 million in 2008 from Tk. 554 million in 2007. Of the total loan provision of Tk. 04 million, Tk. 465 million was general provision, which was 51 % of total provision. The rest Tk. 439 million was against the classified accounts. 1. Non-performing loan 2. Regular Loan A wide range of business industries and sectors constitutes the Bank’s advance portfolio. Major sectors where the Bank extended credit include steel and engineering, ship breaking, edible oil, sugar, housing and construction, pharmaceuticals, chemicals, electronic and automobiles, energy and power, service industries, trade finance, personal or consumer credit, leasing etc.The Bank continued to support Small and Medium Enterprises (SME) and expended credit facilities to them through its SME Cell. Sector wise allocation of advances re veals a well-diversified portfolio of the Bank with balance exposure in different sectors. High concentration sectors are textile and garment industries with outstanding of Tk. 7,524 million, housing and construction with Tk. 4,093 million, food and allied industries with Tk. 2,949 million and engineering and metal including ship braking with Tk. 1,903 million as at 31 December 2008. Customer ServiceCustomer is in the core of everything a service-oriented company does. Accuracy, reliability, and timely delivery are the key elements of the Dhaka Bank’s service. Well-qualified and experienced officials always prepared to provide efficient, personalized and quality service man Dhaka Bank Limited. The banks prime objective is to provide high quality product and services to the customers. The bank also performs according to the needs of its corporate clients and provides a comprehensive range of financial services to national and multinational companies. International Trade & Fore ign ExchangeInternational trade constituted the major business activity conducted by the bank. Dhaka Bank offer a full range of trade finance services, namely, Issue, Advising and Confirmation of documentary Credits; arranging forward Exchange cover; Pre-shipment and post- shipment finance; Negotiation and purchase of Export bill; Discounting of bills of Exchange, Collection of bills etc. In the year 2008, Dhaka Bank Limited was active in extending services to their valued clients related with import business. As of 31st December 2008 the import volume was Tk. 49,496 million compared to the volume of 2006 for Tk. 6,277 million marking as increase of 7% from the last year. Dhaka Bank Limited experienced sound growth of export business in 2007 from 2006. The volume of export business rose to Tk. 31,081 million from Tk. 23,269 million in 2007 showing an increase of 34%. Branches Dhaka Bank has opened already 41 branches in different Cities, Places and areas in Dhaka and also in Chittag ong, Sylhet, Narayangonj, Norshingdi and Savar. This shows the banks commitment to provide services to their valued customers through an extensive branch network at all commercially important places across the country.They also have planned to open more branches in the sort coming year. These branches are well decorated and well secured with the new technologies. Human Resources and Training The driving force behind Dhaka Bank has always its employees. The bank recognizes that professional development of its people is vital to establishing workers as a provider of quality service. In this regard, the bank have expanded its training facilities and set up a full-fledged training institute at SaraTower, Motijheel, Dhaka. Environmental Management ProgramThe Bank’s Environmental Management Program stipulates adherence with environmental, health and safety regulations and guidelines, refraining from business that impairs the ability of future generations to meet their own needs, as sessing an mitigating risks concerning environment, health and safety issues that the bank undertake. Community Service The Bank extends assistance to socio-cultural and community development programs. During the years under review, the Bank had provided support to a number of community welfare programs. At present Dhaka Bank assist the National Hokey Federation. Technologies, Products and ServicesDhaka Bank’s products and services are regularly upgraded and realigned to fulfil customer expectation. Their delivery standards are constantly monitored and improved to assure the highest satisfaction. The bank specially emphasizes on the service base on technologies. Because the life became very fast and people want take service within sort time. The consumer-banking sector of the Bank deals with number of tasks related to various services. The products that are recently being offered by the bank are as follows –   Accounts: Dhaka Bank provides the Savings Account; Curren t Account; Short Term Deposit; Fixed Deposit Receipt etc. or the customers. ATM (Automated Teller Machine): Dhaka Bank ATM Cards enable their valued customers to carry out a variety of banking transactions 24 hours a day. Credit Cards: Dhaka Bank Credit Card has earned wide acceptability and reputation within a very short time. The Bank has developed the process such that it can deliver the Credit Card within only 7 days against security; for unsecured cards it takes only 10 days. Phone banking: Dhaka Bank phone banking service allows customers to conduct a variety of transactions by simply making a phone from anywhere.Customers can inquire about the balance in their account, check transaction details or request for account statement by fax or e-mail. Locker: By this facility customers can put their valuable things such as jewelry items, valuable papers etc. for the safety reason. Consumer Credit: Dhaka Bank also provides consumer credit facilities with very attractive terms and con ditions. Industrial Loan: Loans issued for purchasing equipment, inventories, plants, payrolls etc. Any Branch Banking: By this customers can transact from any branch insight the country.Utility Bill Payment: Customers can pay different utility bill such as phone bill, credit card bill etc. 3. a. Bank: Banks are among the most important financial institutions in the economy. They are the principle source of credit (loanable fund) for millions of households (individuals and families) and for most local units of government. Moreover, for small businesses ranging from grocery stores to automobile dealers, banks are often the major source of credit to stock the shelves with merchandise or to fill a dealer’s showroom with new goods.When the business and consumers need financial information and financial planning, it is the bankers to whom they turn most frequently for advice and council. 3. b. Types of Bank Loans: The banks make a wide variety of loans to a wide variety of custome rs for many different purposes-from purchasing automobiles and buying new furniture, taking dream vacations and pursuing college education to constructing homes and office buildings. Bank loans may be divided into the following broad categories of loans, delineated by their purpose:   1.Real Estate Loans, which are secured by real property-land, buildings, and other structures- and include short-term loans for construction and land development and longer-term loans to finance the purchase of farmland, residential, and commercial structures etc. 2. Financial institution Loans, including credit to banks, insurance companies, finance companies, and other financial institutions. 3. Agricultural Loans, extended to farm and ranch operations to assist in planting and harvesting crops and to support the feeding and care of livestock. 4.Commercial and Industrial Loans, granted to business to cover such expenses as purchasing inventories, plant, and equipment, paying taxes, and meeting payr olls and other operating expenses. 5. Loans to Individuals, including credit to finance the purchase of automobiles, homes, appliances and other retail goods to repair and modernize homes, cover the cost of medical care and other personal expenses, either extended directly to individuals or indirectly through retail dealers. 6. Lease Financing Receivables, where the bank buys equipment or vehicles and leases them to its customers.Among the categories, the largest volume is in the real estate loans. The next largest category is commercial and industrial loans. 7. Asset-based Loans, loans secured by a business firm’s assets, particularly accounts receivable and inventory. Installment Loans, credits that is repayable in two or more consecutive payments, usually on a monthly or quarterly basis. 9. Letter of credits, a legal notice in which a bank or other institution guarantees the credit of one of its customers who is borrowing from another institution. 0. Retail Credit, smaller -denomination loans extended to individuals and families as well as to small business. 11. Term loans, credit extended for longer than one year and designed to fund longer-term business investments, such as the purchase of equipment or the construction of new physical facility. Term Loans are designed to fund long-and medium-term business investments, such as the purchase of equipment or the construction of physical facilities, covering a period longer than one year.Usually the borrowing firm applies for a lump-sum loan based on the budgeted cost of its proposed project and then pledges to repay the loan in a series of installment. 12. Working Capital loan, provide businesses with short-run credit, lasting from a few days to about one year. Working Capital Loans are most often used to fund the purchase of inventories in order to put goods on shelves or to purchase raw materials; thus, they come closest to the traditional self-liquidating loan described above.Frequently the Working C apital Loan is designed to cover seasonal peaks in the business customer’s production levels and credit needs. 3. c. Credit Analysis: The division of the bank responsible for analyzing and making recommendations on the fate of most loan applications is the credit department. This department must satisfactorily answer three major questions regarding each loan applicat 1. Is the Borrower Creditworthy and how know that? The question must be dealt with before any other is whether or not the customer can service the loan- that is, pay out the credit when due, with a comfortable margin for error.This usually involves a detailed study of six aspects of the loan application: – Character   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   🙠 well defined purpose for loan request and a serious intention to repay), Capacity   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   🙠 proper authority to request for the loan and legal standing to sign a loan agreement), Cash   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   🙠 ability to generate enough cash, in the form of cash flow), Collateral   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   🙠 enough quality assets to provide adequate support for the loan), Conditions   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   🙠 aware borrower’s line of work and also economic conditions), and Control   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   : All must be satisfactory for the loan to be a good ne from the lender’s point of view. 2. Can the loan agreement be properly structured and documented so that the bank and depositors are adequately protected and the customer has a high probability of being able to service the loan without excessive strain? The loan officer is responsible to both the customer and the Bank’s depositors and stockholders must seek to satisfy the demands off all. This requires, first, the drafting of a loan agreement that meets the borrower’s need for funds with a comfortable repayment schedule.The borrower must be able to comfortably handle any required loan payments, because the bank’s success depends fundamentally on the success of its customers. If a major borrower gets into trouble because it is unable to service a loan, the bank may find itself in serious trouble as well. So, the bank’s loan officer must be a financial counselor to customers as well as a conduit for their loan applicants. 3. Can the bank perfect its claim against the assets or earnings of the customer so that, in the event of default, bank funds can be recovered rapidly at low cost and with low risk?While large corporations and other borrowers with impeccable credit ratings often borrow unsecured, with no specific collateral pledged behind their loans except their reputation and ability to generate earnings, most borrowers at one time or another will be asked to pledge some their assets or to personally guarantee th e repayment of their loans. Getting a pledge of certain borrower assets as collateral behind a loan really serves two purposes for a lender.If the borrower cannot pay, the pledge of collateral gives the lender the right to seize and sell those assets designated as loan collateral, using the proceeds of the sale to cover what the borrower did not pay back. Secondly, collateralization of a loan gives the lender a psychological advantage over the borrower. Because specific assets may be at the stake a borrower feels more obligated to work hard to repay his or her loan and avoid losing valuable assets. The most popular assets pledged as collateral for bank loans are- Accounts Receivable, Factoring, Inventory, Real Property, Personal Property, Personal Guarantee etc. . d. Loan Review: Banks today use a variety of different loan review procedures; nearly all banks follow a few general principles. These include: 1)  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Carrying out reviews of all typ es of loans on a periodic basis- for example, every 30, 60, or 90 days the largest loans outstanding may be routinely examined, along with a random sample of smaller loans. 2)  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Structuring the loan review process carefully to make sure the most important features of each loan are checked. )  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Reviewing most frequently the largest loans, because default in these credit agreements could seriously affect the bank’s own financial conditions. 4)  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Conducting more frequent reviews of troubled loans, with the frequency of review increasing as the problems surrounding any particular loan increase. 5)  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Accelerating the loan review schedule if the economy slows down or if the industries in which the bank has made a substantial portion of its loans develop significant problems. 3. e. Handling Problem Loans:Inevitably, d espite the safeguards most banks build in their lending programs, some loans on a bank’s books will become problem loans. Usually this means the borrower has missed one or more promised payments or the collateral pledged behind a loan has declined significantly in value. The process of recovering the bank’s funds from a problem loan situation- suggests the following key steps: 1)  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Always keeps the goal of loan workouts firmly in mind: to maximize the bank’s chances for the full recovery of its funds. )  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The rapid detection and reporting of any problems with a loan are essential: delay often worsens a problem loan situation. 3)  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Keep the loan workout responsibility separate from the lending function to avoid possible conflicts of interest for the loan offers. 4)  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Estimate what resources are ava ilable to collect the troubled loan. 5)  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Loan workout personnel should conduct a tax and litigation search to see if the borrower has other unpaid obligations and many other processes. CREDIT MANAGEMENT: POLICY & PROCEDURESIntroduction: In general, a banking system aggregates a high number of low value deposits to fund enterprises with a smaller number of high value loans. This intermediation through a well functioning bank helps to achieve some economic benefits for the depositors, the borrowers and above all — the economy in the following ways: The depositors: †¢ Higher return †¢ Lower risk †¢ Greater liquidity The borrowers: †¢ Availability of fund for all credit worthy borrowers †¢ Thus allows to enterprises grow and expand The economy Economic growth is maximized as the banks channels the country’s scare financial resources into those financial opportunities with maximum return †¢ Thus profit able enterprises receive funding, grow and expand. †¢ Loss making enterprises are refused funding and allowed to go out of the business – thus saving the economy from drainage of resources. The bank must allocate loans effectively for achieving these broad objectives of the economy and the pre-requisites are: †¢ Banks are able to identify reliably those enterprises that can repay their loans. Banks allows loans to those enterprises likely to yield high return and deny loan to those likely to yield low or negative returns. While identifying profitable enterprises, the bank – in fact – identifies risks of the borrower and business in order to allow loan in the context of its risk – return profile. Credit risk management (CRM) is a dynamic process, which enables banks to proactively manage loan portfolios. Four major areas of CRM are: †¢ Policy – lending guidelines †¢ Procedure – evaluating viability and associate risks of b usiness enterprises. Organizational structure – segregation of risk taking and risk approving authority †¢ Responsibility – decision making and accountability A clear understanding of the four areas are crucial for maximizing bank’s earning by carefully evaluating credit risks and attempting to minimize those risks. 4. a. Policy objectives: 1) Maximize Bank’s earning from loan portfolio 2) Improve quality of loan portfolio to maximize earnings by: a) To keep non-performing assets below 10% b) Arresting new loans to become classified. ) Utmost emphasis on loan sanctioning is to be given in order to improve quality of the loan portfolio. Credit facilities are to be considered solely on viability of business / enterprises / project / undertaking having adequate cash flows to adjust the loans, and management capacity of the borrower to run the business profitably. 4) Evaluate credit risks before sanctioning, which may hamper generation of the projected c ash flows of the borrower and might delay or hinder repayment of bank’s loan. ) Monitoring continuously performances of the financed projects / business / enterprises will be bank’s main trust for ensuring repayment of the loan, and receiving early warning (EL) for taking timely corrective measures. 6) Price the loans on the basis of loan pricing module of the bank focusing on risk rating of the borrower. 7) Strict adherence to Bangladesh Bank’s policy guidelines 4. b. Lending guidelines As the very purpose bank’s credit strategy is to determine the risk appetite of the bank, so bank’s focus should be to maintain a credit portfolio to keeping in mind of our risk absorbing capacity.Thus its strategy will be invigoration loan processing steps including identifying, measuring, containing risks as well as maintaining a balance portfolio through minimizing loan concentration, encouraging loan diversification, expanding product range, streamlining securi ty, insurance etc. as buffer against unexpected cash flow. Types of credit facilities Bank will go for: †¢ Term financing for new project and BRME of existing projects (Large, Medium, SE) †¢ Working capital for industries, trading, services and others (Large, Medium, SE) †¢ Import and export Finance Lease Finance †¢ Consumer Finance †¢ Fee Business †¢ Islamic mode of finance Single borrower/ Group limits / Large Loans / Syndication The limit for single client / group under one obligor concept will be as under: 1. The total credit facilities by a bank to any single person or enterprise or organization of a group shall not any point of time exceed 35% of the bank’s total capital subject to the condition that the maximum outstanding against fund based financing facilities (fund facilities) shall not exceed 15% of the total capital. 2. Non-funded credit facilities, e. g. etter of credit, guarantee etc. can be extended to a single large borrower. But under no circumstances, the total amount of the funded and non-funded credit facilities shall exceed 35% of bank’s total capital 3. However, in case of export sector, single borrower limit shall be 50% of the bank’s total capital. But funded facilities in the form of export credit shall not 15% of the total capital   Large loan 1. Loan sanctioned to any individual or enterprise or any organization of a group amounting to 10% or more of bank’s total capital shall be considered as large loan. 2.The bank shall be able to sanction large loans as per the following limits set against their respective classified loans: |Rate of net classified loans |The highest rate fixed for large loans against bank’s total | | |loans & advances | |Up to 5% |56% | |More than 5% but up to 10% |52% | |More than 10% but up to 15% |48% | |More than 15% but up to 20% |44% | |More than 20% |40% | 3. In order to determine the above maximum ceiling for large loans, all on-fund ed credit facilities e. g. letter of credit, guarantee etc. shall also be considered to arrive 50% credit equivalent. However the entire amount of non-funded credit facilities shall be included while determining the total credit facilities provided to an individual or an enterprise or an organization or a group. 4. A Public Limited Company, which has 50% or more public share holdings, shall not be considered as an enterprise / organization of any group. 5. In case of credit facilities provided against government guarantees, the aforementioned restrictions shall not apply 6. In the case of loans backed by cash and excusable securities (e. g.FDR), the actual lending facilities shall be determined by deducting the amount of such securities from the outstanding balance of the loans. 7. Banks shall collect the information to the borrowers from Credit Information Bureau (CIB) of Bangladesh Bank before sanctioning, renewing or rescheduling loans to ensure that credit facilities are not pro vided to defaulters. 8. Banks shall perform Lending Risk Analysis (LRA) before sanctioning or renewing large loans. If the rating of an LRA turns to be â€Å"marginal†, a bank shall not sanction large loan, but it can consider renewal of an existing large loan taking into account other favorable conditions and factors. However, if the result of an LRA is unsatisfactory, neither sanction nor renewal of large loans shall be considered. 9.While sanctioning or renewing large loan, a bank shall assess borrower’s overall debt repayment capacity taking into consideration the borrower’s liabilities with other banks and financial institutions. 10. A bank shall examine its borrower’s Cash flow Statement, Audited Balance Sheet, income Statement and other financial statement to make sure that the borrower has the ability to repay the loan. Term Financing and Syndication Like large volume of loan, long term financing is one of the riskiest areas of the bank because of long duration of repayment. Long duration casts uncertainties on repayment as variable with which financial and other projections are made very widely in a dynamic global economic scenario.Thus utmost care is to be exercised while considering long term financing †¢ Long term relationship with the borrower is prerequisite for considering term financing †¢ Due diligence is to be exercised for accessing viability of the projects in terms of Management ability, Market gap, Technical suitability, Financial viability. †¢ Information on projects should be adequate and reliable †¢ Minimum information for project viability analysis is to be given. Syndication Syndication means joint financing by more than one bank to the same clients against a common security basically, to spread the risk. It also provides a scope for an independent evaluation of risk and focused monitoring by the agent / lead bank.In syndication financing banks also enter into an agreement that one of t he lenders may act as Lead Bank, who has to co-ordinate the activities at various stages of handling the proposal i. e. appraisal, sanction, documentation sharing of the security, disbursement, inspection, follow – up, recovery etc. it may also call meetings of syndication members, whenever necessary to finalize any decision Discouraged business types In the context of present economic situation vis-a-vis government policy as well as market scenario, the following industries and lending activities are considered as discouraged †¢ Military Equipment / Weapon Finance †¢ Highly leveraged Transactions †¢ Finance of speculative business Logging, Mineral Extraction/ Mining or other activity that is ethically or environmentally sensitive †¢ Lending to companies listed on CIB black list or known defaulters †¢ Counter parties in countries subject to UN sanctions †¢ Share lending †¢ Taking an equity stake in borrowers †¢ Lending to holding compan ies †¢ Bridge loans relying on equity / debt issuance as a source of repayment Loan facility parameters Size: Funded: maximum 15% of Bank’s total capital : Funded + Non Funded: 1)  Ã‚  Ã‚  Ã‚  Ã‚   Shall not exceed 35% of bank’s total capital 2)  Ã‚  Ã‚  Ã‚  Ã‚   Maximum 50% of Bank’s total capital for export sector. (Funded facility shall also not exceed 15% of bank’s total capital). Tenor: Short term: Maximum 12 months Medium Term: Maximum 5 years   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Long Term: Maximum 15 yearsMargin: To be determined by Banker Customer relationship and nature of business. Security: Return of Banks funding to any business is ensured primarily on the cash flow of the business. A smooth flow of cash in the business requires efficient management competence in conducting the business in a given market. However as the market never remains stable owing to various uncontrollable factors, the continuity of well- managed business cash flow is difficult to visualize in the long run. As such to ensure realization of Banks finance in case of any eventuality, other adequate security coverage deemed necessary with a view to protects interest of the bank. General Covenants Bank shall not extend any credit facility to any defaulter as defined in the bank company act 1991(clean CIB report required. ) †¢ The borrower shall have valid Trade license, †¢ In case of partnership firm there must be a partnership deed duly notarized / registered. †¢ Limited Company must be registered with the Registrar of Joint Stock Company. †¢   Directors and other loans will be subordinated to Dhaka Banks loan. Directors loan (if any) will be interest free and no dividend will be declared/paid before full adjustment of Term Loan of Dhaka Bank. †¢ The borrower shall submit annual audited/un-audited/projected financial statements regularly where applicable. †¢ The borrower shall maintain cur rent ratio of not less than 1. 5 times.. The borrower shall obtain and maintain in full force and effect all Government of Bangladesh (GOB) authorizations, licenses and permits required to implement and operate Borrowers business. †¢ The borrower shall maintain all insurance as detailed in Loan Documents. †¢ The borrower shall maintain satisfactory swing/turnover of the limit in case of continuous loans/advance. †¢ The borrower shall pay all fees , duties , taxes etc, that are due to the Government of Bangladesh (except where waivers or deferrals have been granted by Government of Bangladesh) when due. †¢ The borrower shall not create any charge, mortgage or any encumbrances of any other security interest over any of its assets without the prior written consent of the Bank. The borrower shall not avail any credit facility from other source without the prior written consent of the bank. †¢ The borrower shall not make any amendment/alteration in the Companyâ⠂¬â„¢s Memorandum & Articles of Association without obtaining prior approval of Dhaka Bank Ltd in writing. †¢ The borrower shall not furnish any corporate guarantee to other firm/company without Banks permission. Events of Default Bank will have the right to call back the Loan/Advance in the event of default under the following circumstances: †¢ Failure to repay †¢ Breach of Covenants of the loan agreement. †¢ Bankruptcy or liquidation or insolvency event affecting the Borrower. †¢ Occurrence of a material adverse change in the financial position of the Borrower. Any change in GOB directives, which in the opinion of the Lenders would prejudice the Borrowers ability to meet the financial obligations in respect of this facility, †¢ Any security interest over any asset of the Borrower becomes enforceable or any execution or distress is levied against or any person is entitled to or does take possession of the whole or any part of the assets or undertakings . Facility Wise Charge Documents %3 |L/C |LTR |BG |TL |CC Hypo/CC Pledge (Key Stock to | | | | | |Bank) | |1. Promissory Note|1. Promissory Note |1. Promissory Note |1. Promissory Note |1. Promissory Note | |2. Letter of |2. Letter of Undertaking |2. Letter of Undertaking |2. Letter of Undertaking |2.Letter of Undertaking | |Undertaking | | | | | |3. A/C Balance |3. A/C Balance confirmation |3. A/C Balance confirmation |3. A/C Balance confirmation |3. A/C Balance confirmation Slip | |confirmation Slip |Slip |Slip |Slip | | |4. Letter of |4. Letter of Continuity |4. Letter of Continuity |4. Letter of Continuity |4. Letter of Continuity | |Continuity | | | | |

Beta Performance Management System of HRM †Free Samples

Performance management is a concept essential in the field of human resource management involved with the continuous process of identifying, measuring and developing person performance and aligning the same with strategic goals of organizations. The executive and the middle-level management are tasked with the responsibility of making decisions in the increasingly plex and petitive pharmaceutical industry. The performance management in such organizations must be innovative, flexible, cohesive, and customer focused. In achieving his, panies need o establish a balance between customer, the organization and operating factors focused on meeting organizational goals. In this case, panies can reconfigure their performance management to reflect and deliver a real strategic and global offering for the market.  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Beta Pharmaceuticals symbolizes a good state of mind which drives the business purpose of the organization aiming at making individuals feel beer from heir sicknesses. From its inception, the pany has always strived to deliver to the customers by distributing products to the drug stores as well as maintaining its production. Since establishment, the firm holds an integral leadership position in the pharmaceutical industry. We perceive enterprise as a means to the wellbeing of employees, investors, and the munity through revenues and ethical consideration in business.  Ã‚  Ã‚  Ã‚   The mission is the provision of innovative and quality products produced through an ethical work environment that provides benefits to the consumers and stakeholders. All the functions in the interplay are played by different individuals with several departments existing towards the improved functioning. The agencies ensure proper munication with the employees for an efficient and productive training to their employees as well as pensation matching and promoting their skills. The departments include the sales and marketing, accounts division, purchase, and maintenance division, transport and distribution, the finance and audit, lab, IT department, and the human resource department.   The units work together towards the wholesome productivity of the firm. The internal and external environments matter a lot to the productivity standards of the firm. The firm is keen in operations within the organization such as the distribution channels, goal setting, recruitment and selection, and pensation strategies towards success and petitive advantage (Cummings & Worley, 2014). The external factors to the organization such as markets, the audience, raw materials, technology, and information on the trends in pharmaceuticals department matter a lot to the organization. In response to the factors, the team carries out several activities towards increasing the performance of the workers and subsequent attraction of consumers to the product of the pany. According to Ramlall (2004), it is necessary to carry out proper appraisal training in increasing organization performance, to assess the skills and qualification of employees towards achieving the overall goals of the organization. There is a need for the employees to understand the diverse needs expressed in the appraisal for an effective use that projects the actual picture of the workers to guarantee success. In this respect, the firm offers training opportunities to the employees on the procedures followed and the need for the appraisal. Thus, it makes clear that the appraisal is for quality performance measurement aimed at identifying the weak points in the section and ing up with the results to tackling employees issues in the organization (Al Ariss, Cascio & Paauwe, 2014). At the same time, the appraisal activities aim at empowering and appreciating employees through promotions to boost their morale towards production and development. To begin with, employees are tasked with the role of conducting a self-appraisal process where each employee analyzes themselves and e out with necessary feedback on the areas for improvement as well as the strong points to enable a smooth flow in operations (Van Dooren, Bouckaert & Halligan, 2015). The appraisal form entails several aspects of measurement where an individual follows while recording the level of strength and weaknesses thus enabling the management to determine the areas for improvement. Apart from the self-appraisal provisions, the firm has the overall assessment conducted by the human resource department where the human resource department sends individuals to various areas of the operation to monitor and record the performance standards of the individuals according to their ability to deliver the goals and visions of the pany. The higher their levels and ability to achieve the same determines the extent to which an individual is beneficial to the firm. Therefore, it is important for the appraisal to be conducted in the two categories where a parison is made to determine areas up for improvement. The recruitment aspect of the firm remains petitive with the human resource department creating a pool of candidates to the selection team. The group advertises widely depending on the need for fresh employees where marketing is done on the social media, the media stations, as well as the print media and training schools to attract the best-placed persons to drive success to the firm (Buckingham & Goodall, 2015). The pany uses the external recruitment in cases where there exist limited internal options and thus utilizes advertisements, employment agency sources, and special referrals. The pany understands the important of in-sourcing as a measure to strong performance. In the process of working, employees undergo training activities where they improve their overall strengths while being watched and appraised by the human resource department. In the case of a vacancy in any of the departments, the firm first looks at the options presented by the internal team and decides whether to weigh in on the option of internal selection or the exterior option. The internal recruitment has the benefit of cost reduction since the workers already know the goals and visions of the firm thus needing little training towards the new position acquired (Knies, Boselie, Gould-Williams & Vandenabeele, 2015). At the same time, it acts as a motivation tool for the workers towards hard work leading to success and posterity.  Ã‚   The firm values the employees as vital contributors to the economy of the enterprise thus continually measure their ability in production and overall development. The first means that the firm uses involves setting the performance management goals whose indicators are well explained to the workers (Aguinis, 2013). For instance, an increase in the profitability of the firm is determined at the level of every worker to discover the standard of petence of each employee and how it achieves the productivity levels leading to a steady revenue stream (Mone & London, 2014). The firm uses seven categories while evaluation the overall performance of workers in its appraisal system. Productivity begins with the level of mitment an individual gives to an organization based on the time spent in production (Aguinis, 2013). Therefore, ing late to work says a lot about the productivity standards of individuals and their level of mitment to the same. Employees with regular lateness cases or frequent absenteeism are more unlikely to produce more to the firm (De Waal, 2013). Hence, training on the essence of observing time allocated for productivity must be done to encourage individuals towards better production and activeness in the organization. Such an issue is important to the wellbeing of the firm. The category is equally important as it measures the type and level of work done by individuals towards the overall goal of the firm. The aspects focus on the time taken in production as pared to the average requirements, mitment to work, the ability to take more hours in production, and the rate at which one meets their set targets (DeNisi & Smith, 2014). The aspects guide an assessor towards determining the level of productivity for individuals. The personal habits of individuals can either boost or decrease their performance in an organization. The category focuses on observing the patterns of people during work hours such as relaxation during work, unnecessary breaks, and the use of firm resources for personal reasons. In preventing the spread of such behaviors, it is proper to set the overall guidelines to the limit of the same in the workplace to create a positive environment for growth (Bernardin & Wiatrowski, 2013). Employees observed to be carrying out the practices ought to be reprieved and advised on the best practice that initiates change to organizations. Employees with special attributes and mitment can be assessed through a similar mirror that projects their engagement and success. The appraisal team shall carry random checks on the employees to determine their performance and level of mitment. The category is essential in establishing the performance standards of individuals when alone and in the absence of their respective supervisors. At the same time, it shall be used to assess the personal presentation such as the dressing styles, professional engagement with the clients, and public relations (Dusterhoff, Cunningham & MacGregor, 2014). Besides, it shall be used to check on their attitudes in the workplace. Poor attitudes demonstrated by workers leads to poor performance and the unlikely nature of individuals meeting their targets. The aspects are carried out on a continuous basis to cover all the areas and avoid the possibility of bias during assessment and project the actual image of individuals in the society. At the same time, it is used to ascertain the ethical levels of individuals during operations.  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Employee performance measurement is used to determine an employee’s pensation, promotion, and future benefits and thus have to be done with utmost integrity and fairness. In this case, the management establishes the expected performance standards first before selecting the method to be used. According to Aggarwal & Thakur (2013), the method is ideal for the production department where it consists of a rating scale of different duties and performance standards on a rating scale of 1-5. The supervisor’s base on the performance measurement objectives stated above to rate workers according to the different categories. The ratings allow for an overall putation that indicates the level of success for the organization and the type of benefits realized through their productivity (Jenter & Kanaan, 2015). The rating scale is fair as it gives the management a true picture especially if the rating is done by different people in the organization. This, the method shall feature in the performance management. The method is useful in the organization’s performance measurement where it is used in the management positions that identify the goals of the organization and the level at which the workers in the several departments achieve their success (Javidmehr & Ebrahimpour, 2015). Another category indicates the time taken by individuals to plete tasks related to their respective duties. Here, the performance of an employee is measured against the time taken to a plish a given task within the time set by the organization.  Ã‚  Ã‚   A proper munication plan featuring direct and group munication shall be done on a departmental basis to air out the issues raised. The munication plan shall be characterized by supervisors talking directly to the workers at the group and individual level to have them understand the results of the assessment (Noe, Wilk, Mullen & Wanek, 2014). Once the human resource assesses employees within Beta Pharmaceuticals based on their skills, it shall embark on munication process where employees shall receive feedback on their performance margins to pare with their self-assessment. At this stage, each employee shall receive information from their respective supervisor based on the considerations of the results observed and have a one on one talk to air out issues for improvement (Elnaga & Imran, 2013). The performance management shall enable individual to understand their weaknesses and gain the ability to raise themselves towards the expected standards of the organization. There are cases where employees feel information bias and thus need to appeal on the results of the discussion. In such a case, the firm sets an appeal procedure to resolve the disagreements arising from the performance evaluation process. The first step granted to employees involves a written submission within one week with the employee having duly signed the document to the human resource department (Richard, 2014). In response, a member of the human resource shall conduct a confidential investigation while gathering information from the immediate supervisor and the employee through discussions and develop a r mendation to the team. The information shall be considered with the evidence given and a r mendation given within five working days to address the grievance and opt for another assessment at the management’s discretion.   In solving the performance issues raised or observed from the workers, the firm shall initiate a set of measures to address the problems to a better employee performance standard (Sung & Choi, 2014). Training is an essential way of looking into the employee issues and addressing their concerns. Aguinis (2013) suggests that the necessity of training assists in fostering success through workshops focused groups, and mentoring processes that drive knowledge and necessary skills in operation management. On the other hand, education is important, where workers demonstrating the need for development and ability can be given scholarships to respective fields and have them e back to incorporate the knowledge received to the organization (Shuck, Twyford, Reio & Shuck, 2014). At the same time, induction programs assist in fostering knowledge as well as hands-on training and mentoring processes that assist employees in determining solutions to their weak points. Morale boosting is necessary to articulate issues within the organization and ways to ove e the same. According to (Aguinis, 2013), performing employees are supposed to be appreciated through group recognition, promotion, bonuses, and improved salaries based on their performance. The step encourages the employees towards career growth where internal recruitment exists for their benefit and that of the organization (Kulkarni, 2013). All the development programs aimed at assisting individuals to focus on the goal and vision of the organization and improve the existing culture through deeper engagement and participation. The performance management at Beta Pharmaceuticals is well planned towards improving employee engagement. The different methods used to aim at giving unbiased reports on individuals with rooms existing for change in case of an appeal. In response to the evaluation, the firm has several channels of improving employee performance and development as well as a reward scheme that not only uses the monetary system but also non-monetary options touching on employee motivation. Consequently, the method if implemented successfully benefits the firm. Aguinis, H. (2013). Performance management (3rd ed.). Upper Saddle, NJ: Prentice Hall. ISBN-13:9780132556385 Aggarwal, A., & Thakur, G. S. M. (2013). Techniques of performance appraisal-a review.  International Journal of Engineering and Advanced Technology (IJEAT),  2(3), 617-621. Al Ariss, A., Cascio, W. F., & Paauwe, J. (2014). Talent management: Current theories and future research directions.  Journal of World Business,  49(2), 173-179. Bernardin, H. J., & Wiatrowski, M. (2013). Performance appraisal.  Psychology and Policing,  257. Buckingham, M., & Goodall, A. (2015). Reinventing performance management.  Harvard Business Review,  93(4), 40-50. Cummings, T. G., & Worley, C. G. (2014).  Organization development and change. Cengage learning. De Waal, A. (2013).  Strategic Performance Management: A managerial and behavioral approach. Palgrave Macmillan. DeNisi, A., & Smith, C. E. (2014). Performance appraisal, performance management, and firm-level performance: a review, a proposed model, and new directions for future research.  Academy of Management Annals,  8(1), 127-179. Dusterhoff, C., Cunningham, J. B., & MacGregor, J. N. (2014). The effects of performance rating, leader–member exchange, perceived utility, and organizational justice on performance appraisal satisfaction: Applying a moral judgment perspective.  Journal of Business Ethics,  119(2), 265-273. Elnaga, A., & Imran, A. (2013). The effect of training on employee performance.  European Journal of Business and Management,  5(4), 137-147. Javidmehr, M., & Ebrahimpour, M. (2015). Performance appraisal bias and errors: The influences and consequences.  International Journal of Organizational Leadership,  4(3), 286. Jenter, D., & Kanaan, F. (2015). CEO turnover and relative performance evaluation.  The Journal of Finance,  70(5), 2155-2184. Knies, E., Boselie, P., Gould-Williams, J., & Vandenabeele, W. (2015). Special issue of International Journal of Human Resource Management: Strategic human resource management and public sector performance. Kulkarni, P. P. (2013). A literature review on training & development and quality of work life.  Researchers World,  4(2), 136. Mone, E. M., & London, M. (2014).  Employee engagement through effective performance management: A practical guide for managers. Routledge. Noe, R. A., Wilk, S. L., Mullen, E. J., & Wanek, J. E. (2014). Employee Development: Issues in Construct Definition and Investigation ofAntecedents.  Improving Training Effectiveness in WorkOrganizations, ed. JK Ford, SWJ Kozlowski, K. Kraiger, E. Salas, and MS Teachout (Mahwah, NJ: Lawrence Erlbaum, 1997), 153-189. Ramlall, S. (2004). A review of employee motivation theories and their implications for employee retention within organizations.  Journal of American Academy of Business,  5(1/2), 52-63. Richard, M. A. (2014).  Employee assistance programs: Wellness/enhancement programming. Charles C Thomas Publisher. Shuck, B., Twyford, D., Reio, T. G., & Shuck, A. (2014). Human resource development practices and employee engagement: Examining the connection with employee turnover intentions.  Human Resource Development Quarterly,  25(2), 239-270. Sung, S. Y., & Choi, J. N. (2014). Do organizations spend wisely on employees? Effects of training and development investments on learning and innovation in organizations.  Journal of organizational behavior,  35(3), 393-412. Van Dooren, W., Bouckaert, G., & Halligan, J. (2015).  Performance management in the public sector. Routledge.

Why I agree with The World is Flat by Thomas Friedman Essay

Why I agree with The World is Flat by Thomas Friedman - Essay Example The Japanese, Chinese and Indians or Hindus are part and parcel of this World is Flat economy. According the Thomas Friedman, the recent series of technological and economic factors have been pooled together since the year 2000 with the improved organizational and personal capacities plus the additional of more new players (nations) in the worldwide economic playing field has created a huge impact on the American economic Community like a tsunami. This Tidal wave will continue to change the lives of many Americans for more than a decade. The Friedman book is a wake up call for Americans to adjust otherwise; they will be overcome, economically by Japan, China and India. playing field will be leveled FLAT so that there will be more players coming from far away places, including marginal or third world countries. The third world countries can now take advantage of the benefits of HIGH advances in technology and productivity. A very good example of the FLAT world concept of Friedman is the DOT-COM bubble. Dot-com is the onset of the internet age. A person can now talk, some call it chat, with other persons and receive and send information from one corner of the world to the farthest point thru the internet. Some quarters say that the internet age has resulted to the BUST of some American companies. This is true because now that the world is FLAT, economic players from China and India can compete for the manufacture of amenrican products. Due to the hDue to the high wages and other operating costs of maintaining factory producing American goods, the American businessmen can now put up its offices in China and India where wages are ten times or more lower than the average American worker's earnings.For the American employees, this is a bust because it will add their unemployment situation. For the American businessmen, they will generate huge profits from the low labor wage and low costs of operating a factory in China or India. For the Chinese and Hindu nation, they are the winners in this bust situation because they are now hired and paid wages that are very much higher than the average Chinese or Hindu wage. The pride of working in a Multinational company is such a ego boosting to the Chinese and Hindus. A good example of his THE WORLD IS FLAT philosophy is Mr Friedman's stories of many foreign companies that cropped up to provide the technological services to American enterprises is the case of An American Income tax company outsourcing its basic income tax return filings to companies based in India.The National language of India is English where communication is not a problem. The Indian employees are paid around ten times lesser than the average American worker. This cost savings for the American company will result to lower American selling prices and / or increased company profit.This only shows that workers in the third world countries, including china can be trained to produce goods and service that is at par or even better than the ones produced by the American workforce. This is made possible by the internet and other improvements in technology. This clearly shows that the American industrial footing as the "big dog on the block" has been successfully questioned by the

Marketing Plan on owning a Pet Store Research Paper

Marketing Plan on owning a Pet Store - Research Paper Example ference 23 Organizational Overview Name of the Organization Organizational name is referred to as non personal names which refer to a structured body that exits to perform some common function. Some of the organization includes schools, business, and clubs to name a few. This project would deal in opening up of a pet shop in Arizona. The business would refer to as ‘Little Pet Shop’, as the name indicates the existence of small little pets around the store. The pet industry is one of the growing sectors in the US. According to a survey conducted by American Pet Product Association, in 2010-2011 around 62% of the US households own a pet. Mission statement The mission statement of the company would be to present the buyers with a wide choice of top quality of pet merchandise and pet foods at the best price available. For all your pet shopping needs. Geographic location Geographic location is an important factor in setting up a business. ... The product mix is based on the popularity of products. The organization will include product mix ranging from food items, accessories, to pet grooming. The organization would go with different product lines this is because having different product lines reduces the risk in the business. If one of the pet is not getting sold than there are other options available for the organization. Thus it would be beneficial to have a multiple product lines. Description of New Product The pet shop would deal in pets and pets’ foods. Pets would include from breed of dogs, different types of birds, cats and also fishes. The shop would have a retail outlet as well as an online site for its business and the mode of payment would be cash and card. The shop would deal in different breeds of pets. The shop is located in the central area of Arizona in Phoenix as location plays an important role in the success of the business and would help the shop to attract its customers and generate goodwill fo r the company. SWOT Analysis Strength The strength for the organization like ‘Little Pet Shop’ is its wide range of products that it will offer to its prospective customers. The company provides an option of both online shopping of pets along with bricks and mortars way. This enables customers to shop from anywhere they are and accepts all kinds of payments. The company would also provide home delivery of the pets in the respective location of the customers. The company’s strength will also lie in the product line that it is offering. Its product ranges not only pets but also their products which can be anything from the clothing section to styling area. Weakness The company is new and it would take some time for the organization to reach its breakeven point. The company would need

HIV Essay Example | Topics and Well Written Essays - 1250 words - 2

HIV - Essay Example This results in the further marginalization of these groups as a result of the stigma that is associated with people who are affected by this disease. They are thus, doubly oppressed as they have to face oppression as a result of their class and their medical condition. In some cases, the situation is complicated by issues of ethnicity. This paper shall look at such details as they are found in Unity Dow’s novel Far and Beyond and Beauty’s Gift by Sindiwe Magona. The paper shall look at how the issues of race and class influence and inform the analyses that these two writers make of the problem of HIV/AIDS. The sensitivity with which the issues of how the two problems interact, is handled, shall be looked at in the paper. The paper shall also look at the complex nature of this interaction. Unity Dow’s novel, Far and Beyond, looks at the condition of women in Botswana. It is the condition of such women who are indoctrinated into believing that they are inferior to men that the novel analyses. This position is complicated by the fact that the women of this community often have to fight against diseases and medical conditions on their own as well. The novel delves deep into the family of Mara where she and her children are faced with the burden of dealing with social marginalization and the problems that are a part of living with AIDS. What the novelist hints at is the fact that in such a society, it is difficult to deal with issues such as medical care when the main preoccupation of the people who are victims is to fight off poverty. In such situations, one also needs to analyse the fact of whether such conditions of poverty are not engendered by a lack of opportunities that are a chronic problem in countries such as Botswana. Such conditions of underdevelopment also lead to problems within the legal and social frameworks for