Essay on Managing Operational Risks in Financial InstitutionsEssay Writing Service

Exposition on Managing Operational Risks in Financial InstitutionsEssay Writing Service Exposition on Managing Operational Risks in Financial Institutions Exposition on Managing Operational Risks in Financial InstitutionsHistorically, RBS was one of the most trustworthy and eminent banks of the UK, which however used to work in Scotland primarily. Be that as it may, the changed financial condition opened huge open doors for RBS to grow its business all through the UK first, and afterward globally. The 2000s denoted the unmatched development of the manage an account with acquisitions, which don't generally identified with the financial business. Subsequently, inside not exactly 10 years, from 2000 to 2007, RBS got perhaps the biggest bank on the planet. Be that as it may, such development in the long run brought about the emergency that drove RBS to the bailout. Simultaneously, one of the central point that added to the defeat of RBS was the poor operational administration which kept the bank from the sufficient evaluation of dangers and dangers. Acquisitions made by the bank during the 2000s were excessively enormous for the bank to fi nish them effectively and securely, yet the bank’s operational hazard the executives neglected to reveal any threats.Operational dangers and issues looked by RBS in 2008The second, which fixed RBSs destiny, came in October 2007, with the  £49 billion takeover of ABN Amro, the greatest bank in the Netherlands. In any case, this procurement was a major however not by any means the only one inside not exactly 10 years. In such manner, it merits referencing acquisitions of Royal Insurance, Churchill Insurance and Charter One were among the significant arrangements which followed (seven out of 2003 alone) as RBS consistently climbed the association table of Big Banks (Boonstra Gravenhorst, 2008).However, the issue of RBS was that the bank was purchasing organizations when their offer cost was at its pinnacle, as opposed to when offers were at absolute bottom (Crosby, 2009). Accordingly, the bank followed through on the conceivably greater expense however couldn't deal with the b ought organizations appropriately. Actually, regularly acquisitions were near disappointments. At any rate, the rebuilding and joining of new organizations into the bank’s structure turned out to be amazingly testing and quite often caused an extensive downturn in the exhibition of organizations gained by RBS. RBS, in its turn, additionally decayed its exhibition, while dangers became more grounded as the bank kept on getting new organizations, while bargains developed increasingly more costly.In December 2007, RBS facilitates financial specialist fears when it uncovers lower-than-anticipated compose downs of  £1.5bn for the two RBS and ABN Amro following the emergency in the US sub-prime home loan showcase. The bank counterbalances  £250m of the compose downs by utilizing its own money holds as opposed to going to the inexorably costly discount credit markets (Hamel Prahalad, 2009).However, by April 2008, RBS arrives at the very elevated level of credit crunched compose downs which have reached UKP 5,9 billion (Hamel Prahalad, 2009). In fact, the general misfortunes of the bank ended up being substantially more huge and totaled with lost  £28 billion, the greatest in British corporate history (Hamel Prahalad, 2009). After such a misfortune, RBS’ share costs fallen from  £6.03 in March 2007 to 11.6p in 2008 (Hamel Prahalad, 2009).In such a circumstance, the bank confronted significant monetary issues at that point and the debacle was simply coming up. In such manner, the serious issue of RBS was the way that the portion of high-hazard resources claimed by RBS turned out to be excessively high, while top administrators of the bank neglected to see the up and coming fiasco that uncovers the incapability of operational hazard the executives of the bank. At any rate, top officials of the bank ought to have seen that each new obtaining turns out to be increasingly testing and the bigger the procurement is the more troublesome it is for the ban k to finish the securing effectively. In such manner, the securing of ABN Amro was the issue that crosses over into intolerability, while the money related emergency in the US and chapter 11 of biggest American banks trigged the calamity that needed to happen due to too unsafe approaches directed by RBS with respect to its advantages. In 2008, it became evident that RBS neglected to adjust its benefits and high hazard resources turned into the terrible weight that drove RBS to the bailout.RBS’ reaction to the problemsIn reaction to the undeniable danger of the fast and steep downturn, RBS requests that investors siphon in UKP 12 billion. Europes greatest rights issue powers CEO Sir Fred Goodwin on edge, in spite of the fact that he excuses discuss him leaving (Hamel Prahalad, 2009). By the by, the bank’s inconveniences got evident and the dire requirement for the administration bolster got fundamental for the endurance of the bank.In 2013, RBS despite everything had  £54.6bn of what it calls non-center resources (RBS Key Financial insights, 2014). Consequently, even five years after the emergency that put the bank on the edge of endurance, the portion of non-center resources, which are possibly dangerous is still exceptionally high. Progressively significant, the issue of those non-center resources isn't simply hazards related with them yet it is fairly the hazard that such a huge portion of non-center resources will keep RBS from the effective recovery.Experts (RBS Key Financial measurements, 2014) prescribe to deal with the once-over of high-chance resources of around  £38bn before the finish of 2013. The objective is to evacuate 55-70% of these advantages throughout the following two years (RBS Key Financial insights, 2014). In any case, the bank has not done it so far.In such a way, the current monetary position and approaches led by RBS show that the bank is recuperating however its recuperation is excessively moderate and dubious. In th is regard, the poor operational administration of the bank is obvious since the bank can't dispose of high hazard resources and non-center resources, which are regularly no different. Presumably, the administration association keeps the bank from the successful administration of operational dangers that would permit RBS to auction its dangerous resources quick, regardless of whether it brought about occupation cuts and conceivable negative consequences for specific organizations or nearby economy. Rather, the board and administrators of the bank are as of now taking careful choices and can't cut off high-chance resources immediately.Recommendations to RBS to oversee operational risksOn breaking down foundations of the issue of RBS and its most profound emergency in 2008, it is critical to put accentuation on the way that the serious issue of RBS was the poor operational dangers the board. The bank sought after quick development and initiative in the business at cost of buying high h azard resources at the pinnacle of their cost, when they were the most costly. Be that as it may, these advantages didn't bring the bank attractive impacts. Besides, the collection of such resources made the bank unfit to oppose to the negative effect of the money related emergency. Along these lines, it is non-center, high hazard resources that are the essential driver of the operational dangers and issues of the bank at the moment.Hence, readily or not, the bank should dispose of the entirety of its high hazard, non-center resources. This progression may stand up to the restriction inside RBS just as from the piece of the administration yet this choice is basic to assist RBS with recovering quicker. Something else, RBS will continue lurching until its last defeat since any new downturn in the monetary improvement of the world or money related markets of the US, the UK or the EU, and RBS will be on the edge of endurance again with its high hazard assets.Furthermore, the bank should upgrade its operational hazard the board through standard examining and checking of its resources for recognize promptly unsafe resources. Simultaneously, evaluating and observing will assist with surveying the genuine capability of the bank. As such, examining and observing will assist the keep money with assessing sufficiently its assets and position in the market. Accordingly, the bank won't take hazardous choices, which may prompt questionable impacts, since officials will know that those choices will be excessively expensive for the bank.At a similar time, it is conceivable to suggest changing the arrangement of command over top administrators. Truth be told, the ruin of RBS in 2008 was, to a noteworthy degree, the aftereffect of approaches led by Sir Fred Goodwin. In such manner, the model of dynamic needs changes since the CEO of the organization ought not take choices one-sidedly. Rather, the board ought to take an interest in the dynamic procedure that implies that every t op official should lead the showcasing examination and the investigation of existing dangers and dangers before taking a ultimate conclusion of the board.Finally, the bank ought to think about choices to change its advantage arrangements. What is implied here is the way that the bank ought to incorporate obtained resources or auction them (Brown, 2003). There are no different choices for RBS up until this point. The bank can't spend generous assets on the support of advantages that pulling the bank down and the bank may in the long run sink, in the event that it neglects to improve its benefits through deals as well as through hierarchical changes that will assist the save money with integrating non-center resources and make them either center or simply reject from those assets.ConclusionThus, the budgetary emergency of 2008 uncovered the weakness of RBS to various dangers and dangers related with the preposterous venture into non-center resources, a significant number of which are high hazard and, in this manner perilous for the steadiness of the bank. In addition, the fundamental issue of RBS was and, to a huge degree, remains the issue of the enormous portion of non-center resources which the bank can't completely and effectively incorporated into its authoritative structure. Accordingly, in the wake of making a costly procurement, since RBS frequently made acquisitions at the pinnacle of offer cost of target organizations, the bank gained high hazard resources that necessary generous budgetary assets, while their exhibition and the presentation of the bank weakened reliably. The bank is attempting to recoup yet it comes up short

Logistics Essay Example | Topics and Well Written Essays - 1250 words - 1

Coordinations - Essay Example Soon, minimal effort RFID â€Å"electronic item codes† or â€Å"smart-labels† might be a reasonable substitute for optical standardized tags on client things. Unfortunately, the overall utilization of RFID gadgets in customer things may uncover creative security and protection dangers not present in shut assembling situations (Benny, 2002). One auto-ID framework missing the imperfections of optical scanner tags is bolstered by radio recurrence distinguishing proof (RFID). The name â€Å"RFID† could be applied to frameworks being used for over sixty years. Perhaps the most punctual radio ID innovation was the â€Å"Identify Friend† framework utilized in Allied airplane all through World War II. In 1940, the British Royal Air Force arranged airplanes with radio transponders that would make a move when questioned. RFID transponders take object ordering data. This data may involve the maker, item, model and a particular sequential number. Helpfully, this data is every now and again alluded to as the tag’s personality, or essentially as ID. A personality might be of any length. Generally, a 96 piece personality would be adequate for most capacities. RFID labels include a little microchip associated with a recieving wires or other matching segment. The tag compares by methods for radio frequencies with a handset. The label character might be perused consequently without view, through non-leading issue for example cardboard or paper, at a speed of a few hundred peruses every second and beginning a separation of a few meters. RFID frameworks have come into see as a sensible auto-ID remain in ventures as wide-going as vehicle producing, microchip manufacture and even dairy cattle crowding. The last model is in truth one of the primary marketed RFID frameworks. A solid RFID tag with a particular character was associated with each cow’s ear, allowing herders to follow a particular creature notwithstanding take temperature readings. These labels could

Adrienne Rich and Nancy Sommers | Comparison

Adrienne Rich and Nancy Sommers | Comparison Adrienne Rich and Nancy Sommers are the two ladies journalists, that in When We Dead Awaken: Writing as Re-Vision and Between the Drafts individually, are attempting to recognize themselves as essayists through the modification of their own work. In the two writings we can follow their movement in past through which they perceive and break down every one of those things that affected them and shaped their composing style. They are both confronting a similar dread. They don't compose as themselves. For various reasons and each with her own point of view they are attempting to break liberated from the security that holds them in another journalists shoes. In spite of the fact that Rich and Sommers are both managing the exploration of their thinking of self and in spite of the likenesses in their contentions and a portion of their decisions their methodology contrasts as issues of personality, sexual orientation and convention emerge. Adrienne Rich predominantly puts together her content with respect to the way that writing and verse where made by men, whose point of view of lady turned into a convention recorded as a hard copy. She characterizes update as the demonstration of thinking back, of seeing with open-minded perspectives, of entering an old book from another basic direction1. For an essayist she asserts this is a demonstration of endurance. Writing as of not long ago gave us a perspective on how life is, the means by which we see ourselves or how we might want others to see us. She perceives an example in most of writings and sonnets. Ladies are viewed as an extravagance for a man. They are animals of elegance and magnificence. Quiet, yet incredible a lady is a fantasy and a terror2 for men, in the expressions of Jane Harrison. Continuously far off and with never mental episodes the generally picture of a lady is that of a dream, model, nurture, cook, sofa, a conveyor of his seeds3. Her unavoidable destiny is to languish over adoration. The author considers herself to be a hostage of that picture. For quite a while she has been composing for ladies, as a man would. From the outset, so as to please and look for acknowledgment from her dad, to whom she owed her instruction, at that point her educator, her tutor, trailed by her kindred essayists and the composing network, additionally male ruled. Like Adrienne Rich, Nacny Sommers additionally ends up to write in a generalization way. Anyway she guarantees her persuasions originated from the manner in which she was raised and all the more explicitly from her folks. She doesn't put such a great amount of weight on her sex as an essayist yet she rather recognizes the issue as not having the option to consolidate scholastic and individual composition. Like there is an authority directing the constraints of individual and scholastic composing which she should not cross. This feeling of power is likewise something she acquired from her folks. Nancy Sommers originated from German Jew Family that got away from Nazi Germany in 1939, moved to the United States where the youngsters were raised. She makes reference to instances of her family life, as proof of parental position. Her folks, despite the fact that they were communicating in German smoothly, purchased tapes that educated the language to their kids, rather than conversing with them. A particular ceremony was followed for each exercise. The seats at a similar spot, exacting body act and the voice of a German teacher would for Nancy Sommes guardians ensure the correct method to learn. Following a similar rule of the correct method to do anything her folks utilized a guide for their voyaging, adhering to carefully the guidelines given, spending no more or no less time at every scene, making no extra stops. As though they didn't have their very own voice, as though they couldn't decide for themselves what to do or not to do, or even how to do it. Her folks gave her the u niverse of two choices: the correct way or the incorrect way. In this way, both our journalists are impacted from power. Rich, from one viewpoint, from the authority of men essayists in a man ruled society, and then again Sommers impacted from parental position. When Sommer as a parent herself subliminally grasped that equivalent rule and anticipated it to her own kid, she discovered that, conflictingly to her, her little girl had her very own voice. Nancy Sommer had masked herself and holed up behind the title Researcher, perusing and reconsidering, investigating the information on different scholars. In any case, she kept herself out of her own composition, being missing from her own work. Much the same as her folks took cover behind the tapes and the aides and barred themselves from their lives, making and living somebody elses encounters, she holed up behind the authority of a scientist and utilized different people groups work to legitimize her announcements. Not even once did she utilize her own encounters to help her announcements. Another comparability among Rich and Sommers exists in their situation on the job of the author in regard to custom. Rich is confronting imaginative convention, of the manner in which authors expound on ladies, their picture and how she as essayist can cop with every one of her jobs: that of a customary female and of an essayist. As a spouse and a mother Rich thought that it was elusive leisure time, to think, to address, to envision; spare time that generally ladies never have as they are principally stacked with the obligations of bringing up kids and thinking about the family. In any case, following the customary method of performing female obligations is in direct clash with the primary component of composing: creative mind. Day by day obligations, set aside any inventive movement, that can be placed in words. Adrienne Rich felt the contention between these two jobs. She thought herself as an author or as a mother. The decision of either as well as was later supplant by and. She looked for approaches to grasp the two pieces of her life, the imaginative one and the maternal one. Moreover Sommers faces again custom, yet of another sort. Scholastic custom is full with either/or sentences: the understudies are either educated to compose scholarly or individual expositions. This custom appears to make a sureness, a dream of control to the scholarly network. Everybody knows their accurate job and what they should do. In any case, Nancy Sommers distinguishes the way that understudies convey their own encounters, their own voices and whenever energized they could utilize these encounters as proof to help their own announcements, in this manner making another intelligent method of composing. In the two writings, convention is addressed, regardless of whether masterful or scholarly because of an update, a more profound look in ones composition, from an alternate point of view, with an open-minded perspective. The two scholars accentuate the significance of breaking the convention, that limits the creative mind and this may be their most significant normal articulation. Despite the fact that they are both questioning distinctive sort of convention the two of them have a similar target, to support essayists, including them, to compose for themselves, to utilize their own encounters and voice, to compose from their perspective, breaking each generalization of either masterful or scholarly composition. Rich and Sommers notice occurrences of their own and family lives. It is intriguing how these particular occasions mirror the compliance of power they acquired from their nearby condition. They follow customary models, creative and scholastic, that powers limits to their creative mind and self articulation. Rich give us how the customary female model kept her hostage in only one job, that of a mother and dispensed with her dream, in this manner her composition. Sommers from the opposite side represents how her parentss feeling of power impacted her own impression of power, this time the scholarly one, upon her composition. Despite the fact that the two journalists are of female sex their contentions and ends likewise apply to non female authors. They are both searching for approach to communicate simply themselves in their own composition, making their own pictures, with no impact of custom imaginative or scholarly. Utilizing a female perspective, they have figured out how to arrive at a dangerous territory for all authors. Both male and female scholars ought to have the option to represent themselves and utilize their creative mind, uninhibitedly making writings and explanations which are bolstered with their own encounters. As referenced previously, the two journalists notice that there is something missing from their composition. What's more, that something is their own voice, their own perspective. Caught in the convention they figured out how to obey they don't utilize their own encounters and pictures in their work. Their closeness lies upon the way that they were both raised affected by convention. Despite the fact that they have an alternate perspective when changing their work, they arrive at a similar resolution chiefly in light of the fact that the wellspring of their conservatism is the equivalent: submission to power. As indicated by Rich, the job of an author is to make pictures through words. These pictures impact different essayists and particularly ladies, as they look for their way understanding verse and writing, attempting to discover methods of articulation, searching for models. What's more, in this exertion they go over and over with the picture of Woman in books composed by men. However, what they don't discover is an approach to communicate their own character in their content, as opposed to reflect and duplicate a complimenting or not picture made by another essayist. I think that its simple to concur with Richs articulation. I have regularly understood writing and recognized myself with the lady legend of the book. I saw my self as complimented with similitudes of character. Obviously, in each endeavor to expound on my self, or to recount to a story, I will in general mirror a similar picture of the lady I read about in my own composition. It isn't that I have nothing to state for myself, instead of I find that picture beguiling and need others to see me along these lines. Still like Sommers, I am missing from the majority of my writings. Positively affected by my female sexual orientation, I will in general have an increasingly sentimental and delicate methodology in my composition. My class and culture are additionally reflected in my writings as a have no understanding from anything extraordinary and in this way I can not expound on it. Anyway the nearness of my own encounters is constrained in my composition. For the most part since I consider myself unreliable and that I don't have a sufficient articulation to make.

Racism Ethical Statements, Ethical Properties, Judgments - 550 Words

Racism: Ethical Statements, Ethical Properties, Judgments (Essay Sample) Content: RacismNameInstitutionRacism Metaethics refers to one of the three branches of ethics that seek to understand the nature of ethical statements, ethical properties, judgments, as well as attitudes. The other two branches which include normative ethics and applied ethics focus on what is moral (Hare, 1981). They address questions such as, what is morally or ethically good and bad. Meta-ethics uses the approach that focuses on what morality itself is. The term is thus derived from two schools of thought that is, morality as well as ethics. Ethics thus generally lays emphasis on the need to observe the application of good decision making. On the other hand, morality tries to focus on that which may be considered right by a majority of the people. Racism refers to a way where some race is likely to see itself superior to another and thus prone to segregate the rest of society. However, while such tendencies tend to have an adverse effect on how people coexist in a society, those who are in this case abused may not necessarily have power over their state owing to it is natural in the event of for instance one being born black but can as well be as a result of social status. Among the different ways, one is segregated can come about as a result of their skin color, traditions, once location as well as the spoken language. One can also tell a persons character by how he may treat others. In the past, racism was quite rampant, this doesnt imply the situation doesnt exist but still experienced in other societies. Whenever it happens, those being victimized are prone to experience a difficult encounter trying to survive. At times, this has led to the rise in inequality as the inferior race is forced to seclusion as a way to keep at bay any form of racism. This also explains why the black Americans are fond of living in the same neighborhood just as it is the case with the white community and does find themselves in a regular confrontation with all holding a strong belief as per their mindset. It is, therefore, hard to change such mindsets without ever investing a bit of effort and has thus persisted over time. As a result, most wars have also been influenced by hate just as it was in the past when slavery was common and to a great extent lead to a fight to reclaim dignity (Mackie, 1977). Communities are also likely to find themselves in a dilemma when bad laws are also set with the intent of discriminating others thus only escalating the existing situation. It could as well become so difficult to bring such stop such encounter with each group being on the offensive in an attempt to fight for what they believe is right. This is also witnessed in countries such as America where the blacks are usually perceived negatively by a large population of the whites. It has persisted since l...

The Impact of Globalization on Global Development - Free Essay Example

Sample details Pages: 4 Words: 1204 Downloads: 7 Date added: 2018/12/17 Category Economics Essay Type Argumentative essay Level High school Tags: Globalization Essay Information Essay Organization Essay Did you like this example? Globalization Globalization is one of the broadest concepts with a high degree in diversity and different dimension. It is a process of interaction and integration among all people from all background and has been driven by information and technology. The past present and probably the future view globalization as the growth in the sizes of al he systems that is the social, political and economic systems together with the increase in the complexity of interconnectedness of the societal links. Don’t waste time! Our writers will create an original "The Impact of Globalization on Global Development" essay for you Create order The totality of societal changes gives an overview of globalization processes in that it combines all aspects of life being crowned by technological advancement. Different researchers agree that the contemporary world is characterized by new and intensive processes of globalization with a high level of interconnectedness among the political, economic and social processes. Having been a concept that attracts a lot of analysists, globalization has different impacts that are either agreed upon or disagreed, arguing that globalization is bad while others see it as a positive aspect in life that has lifted countries and societies permanently. In particular, this essay discusses if globalization is good or bad. To begin with, globalization has impacted a lot in the society through its historical transformation. Industrialization is one of the greatests tested transformation that globalization has brought. The core drive of globalization is technology which has given a normal, increasing amount of widening and deepening connection in the cultural, economic, political events that are driven by new technology worldwide. The developing counties, for example, have received high levels of growth through direct foreign investments which have seen a free market and industrial as well as growth I economic rate. Capitalism is also one of the aspects that globalization has expended its importance in different continents and states and here competition has been embraced increasing the growth rate and performance of various industries (Rodrik, Dani pg79). Historically this has the increasing technology has therefore as an aspect of globalization been one of the positive impacts that have been receiving together with the effects of advanced information and technology. Information and sharing of communication through the internet have also enhanced a global village primarily in the business environment and social, cultural interconnectedness. Individual and corporate societies can easily share information that improves the performance of their organizations and firms through social networking. Thus, I believe that all can buy the idea that globalization is inevitable and its impacts are positive. Another good thing that globalization has brought in is the global demand and achievement of democracy and participation. Before the 19th century, there was global colonialization and high rate of slavery and civil war. This was followed by the global spread of social movements, citizen groups and Non-governmental organization that capacitated the citizens and the society of their democratic rights. As such, there was increased participation, and movements spread information where everyone participated leading to a global democratic society. Through media, writings and the internet, an individual can easily share their different opinions concerning the political and democratically happening of the current society (Brown pg2). Such organization like the UN among others have high influence in their member countries, and the integration has enhanced an increased political stability especially in countries that have been characterized by prolonged civil war. Globalization has promoted diversity, understanding and tolerance. Here different cultures and people can appreciate the diversity of other cultures (Scherer pg3). Globalization has enhanced and encouraged sharing of ideas lifestyles and experiences. Today we can understand the practices of different cultures and borrow them as well. Globalization promotes diversity, in that technology, internet and holding of events, today is easy where different cultural practices are held, and this creates unity tolerance and communities can easily embrace each other. Also, globalization promotes awareness. Raising of awareness in all parts of the world is no longer expensive. There are national media stations, social media as well as the internet where people from all walks of life can easily access information. Moreover, in value and volume, trade has sustainably grown over the past fifty years. The global growth rate has increased by 7.4 percent which has been indicated as a positive growth rate in trade. This has been received in the areas of trade based on political and economic areas. Foreign Direct Investment has rapidly been growing with the industrialized countries registering a higher rate. Such countries as Japan, European Union and the United States accounts for the highest global inward foreign globally investment. Bilateral and multilateral relationships geared by globalization have seen the reduction of tariffs on manufactured goods and expanding the production of the good in different counties different from the home countries (Rodrik, Dani pg195). Technological advancements also have lowered the communication costs and the shipping costs which is an advantage to nations and thus reporting improved global trade and economy. Despite the positive impacts that globalization has brought in hand, it can also be termed as bad. This is because the world is increasingly becoming unequal as the distribution of opportunities has become unequal due to technological changes. The gap in income is earning n the society is increasingly widening in that the rich become richer while the poor continue becoming poor. This is associated with such factors as a foreign direct investment which increases profit and capital t those countries that own the means of production and have the capacity to invest and transfer their production and manufacturing industries to other countries without application of tariffs. Employment is also a challenge that has been experienced resulting from the high rate of globalization. Technology has reduced the amount of human labor that is needed to apply in the labor markets which therefore widen the gap of unemployment (Blommaert pg20). Technology through the introduction of machines and computers laid off employees in industries where most individuals relied on for their livelihood. Machine and computers require only one individual to operate them and also analyze data in cases of companies, and this has highly affected the society negatively especially the youths. Globalization as such has been argued as a bad thing in the society. On a finishing note, globalization is inevitable in the contemporary world, and many arguments are for and against globalization. Globalization has helped highlight the worlds most pressing needs and issues together with reinforcing the importance of global sustainable development. Its benefits as outlined in the essay outweigh its negative aspects and in my opinion globalization one of the aspects that nations should be proud of as it benefited all nations worldwide. Despite globalization, it has also caused challenges and nations, therefore, should work towards combating them. Work cited Brown, Garrett Wallace. Globalization is what we make of it: Contemporary globalization theory and the future construction of global interconnection. Political studies review 6.1 (2008): 42-53. Retrieved n 11/9/2017 from https://journals.sagepub.com/doi/abs/10.1111/j.1478-9299.2007.00144. Blommaert, Jan. The sociolinguistics of globalization. Cambridge University Press, 2010. Rodrik, Dani. One economics, many recipes: globalization, institutions, and economic growth. Princeton University Press, 2008. Scherer, Andreas Georg, Guido Palazzo, and Dirk Matten. Introduction to the special issue: Globalization as a challenge for business responsibilities. Business Ethics Quarterly 19.3 (2009): 327-347. Retrieved on 11/19/2017 from https://www.cambridge.org/core/journals/business-ethics-quarterly/article/introduction-to-the-special-issue-globalization-as-a-challenge-for-business-responsibilities/AC817A40B9AE17D284708EAE624C9432

Cultural Profile - 4851 Words

Running head: CROSS-CULTURAL MANAGEMENT Country Cultural Profile: Arab Republic of Egypt Abstract The purpose of this study is to determine the cultural structures, variables and behaviors of the society in the Arab Republic of Egypt located in Northern Africa, bordering the Mediterranean Sea, between Libya and the Gaza Strip, and the Red Sea north of Sudan, and include the Asian Sinai Peninsula. The development of this analysis is based on the understanding of the characteristics and variables of the Egyptian culture. Section 1 – People Relationships 1.1. Universalism versus Particularism Universalism is the degree to which people believe that various ideas and practices can be effective in all circumstances. People who†¦show more content†¦Egypt is an example of affective, emotional culture. 1.4. Specific versus Diffuse In specific cultures, the whole is the sum of its parts. Each person s life is divided into many components: you can only enter one at a time. Interactions between people are highly purposeful and well-defined. The public sphere of specific individuals is much larger than their private sphere. People are easily accepted into the public sphere, but it is very difficult to get into the private sphere, since each area in which two people encounter each other is considered separate from the other, a specific case. Specific individuals concentrate on hard facts, standards, and contracts. People from diffusely oriented cultures start with the whole and see each element in perspective of the total. All elements are related to each other. These relationships are more important than each separate element; so the whole is more than just the sum of its elements. Diffuse individuals have a large private sphere and a small public one. Newcomers are not easily accepted into either. But once they have been accepted, they are admitted into all layers of the individual s life. 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International Students Impact Educational -Myassignmenthelp.Com

Questions: What Are The Impacts Of Exploitation On The Educational Experience Of The International Students? What Types Of Exploitation Are Faced By The International Students In The Australian Economy? What Are The Major Reasons For Such Types Of Exploitation And How Does The Exploitation Impacts The Quality Of Education In Australia? What Sort Of Adverse Mindset Can Be Seen Among The International Students In Australia That Occurs Due To Exploitation And How Does It Impact The Revenue Earned From Foreign Student In The Economy? What Sort Of Regulatory Frameworks Are Present In The Australian Economy To Safeguard The Rights Of The International Students? What Sorts Of Changes Are Required In The Regulatory Frameworks To Mitigate The Issues Of The Exploitation Of International Students In Australia? Answers: Introduction In the time of globalisation, education has become one of the most convenient industries that have been majorly supported the economy of leading countries. In case of the Australian economy, the same thing can be noticed as well. By exploiting the foreign students, the education industry in the country has registered substantial growth. In this particular research proposal, the study has been concentrated on how the exploitation of international students in Australia has impacted the education sector of the nation (Leith, 2012). In the major discussion, the problem statement on the topic has been established to make it easy for the readers to evaluate the core issue associated with the study. Furthermore, the proposal includes the aim of the research, questions and objective of the study, valid justification of research, conceptual theories, and review of the literature. In addition, the methodology to conduct the entire research study, study design, theoretical consideration, analys is, budget, and schedule of the research project have been presented as well. Problem Statement In the current scenario, exploitation of foreign students in the job sector of Australia has become a considerable issue. The study research has been developed to identify the degree of the issue of exploitation of foreign students and the impact of the same on the educational experience in the country (Haussen Uebelmesser, 2015). Previous study researches can be demonstrated to show that foreign students are reportedly misused in the casual job sectors mainly in the hospitality and cleaning industry (Murrmann Vest, 2010). Influenced by the existing benefits, Australian employers can be seemed to hire students as cheap labour in different casual jobs in different sectors. Precisely, hiring the international students in casual jobs has become a systematic issue in the economy affecting the overall educational experience of the foreign students in the country (Farmer Tucker, 2008). In the meanwhile, the employers in Australia have tried to misuse the visa condition of the foreign students that can be one of the most comprehensive causes of such exploitation. Also, the personal attributes of the foreign students, lack of the knowledge of the workplace rights, and other similar issues have forced the international students to be misused under the current circumstances (Worland Wilson, 2008). It can be defined as the leading problem for the research. Research Aim The entire study has been dedicated to finding out the evidence of exploitation of foreign students in Australian job sector. Meanwhile, the research proposal has been aimed to evaluate how the exploitation of the foreign students in Australia has affected the educational experience. Through the review of previous literature, the research is further aimed to verify the reasons why exploitation of international students has made an adverse impact on the educational experience (Braekkan Sowa, 2015). The study will also reveal how such problems are affecting the quality of education and standard of living of the foreign students pursuing education on Australia. Justification of the Research In the existing scenario, the issue of workplace exploitation of foreign students seeking higher education in the country has been identified as one of the serious challenges. Based on the problem statement, the study will investigate the reasons that have led to such issues. Furthermore, the research study will be also important to collect evidence that shows the current state of scenario of the foreign students working in the hospitality and cleaning sector in the country. From the theoretical point of view, the study will reveal the elements that are continuously influencing the unscrupulous and unethical employers to exploit the international students in the workplace. Precisely, the study will also find out how the overall scenario will make an adverse impact on the mindset of the students seeking education or perhaps thinking of pursuing study in Australia (Janchai, 2013). The research study is also helpful to demonstrate how the education experience of the foreign students has been affected by such exploitation that must be condemned at the highest priority. Apart from the same, the research will evaluate what is the role of the Australian government to restrict such exploitation on the international students. Overall, the battle of the foreign students against exploitation should be considered as a serious research topic so that the issue can be resolved as early as possible. Potential Output The outputs of the study will provide an analytical framework that can be used to evaluate the impact of exploitation of international student in Australia on their educational experiences. Furthermore, the research will help to analyse the major factors leading to such exploitation of international students in Australia and develop necessary policies to overcome the issues (Hasegawa, 2015). Moreover, the research will help to analyse the legal frameworks that protects the rights of the foreign students in Australia and identify the gaps that leads to exploitation of the students. Alternatively, the study will present the different types of exploitations that are faced by the international students in the Australian market and their impacts on the educational outcomes and mindset of the scholars (Reinig, Horowitz Whittenburg, 2011). Finally, the research will present ideas to mitigate the issues of international student exploitation and promote the business of education industry of Australia. Conceptual Framework Theories Education sector in Australia can be defined as one of the major contributing industries of the nation. Under the current circumstances of exploitation of foreign students in different industries can be a leading issue for the economy if the situation cannot be controlled as soon as possible (Kretz Partlow, 2011). From the theoretical point of view, being one of the education hubs for the international students residing in Asian counties and South-East Asia, international students can be counted as one of the best revenue resources for Australia (Marginson, 2015). Furthermore, Australia is the first choice for the Saudi students to study abroad due to its pleasant location and good political relationship with the country (Daifullah Alsulami, 2016). As per the media release of the universitiesaustralia.edu.au (2016), the international education has generated around $20.3 billion for Australia in 2014-15, which makes the industry the third largest exporting industry of the nation afte r iron ore and coal ("International education generates a record $20.3 billion for Australia", 2017). According to the economists, as cases of foreign student exploitation are surging in Australia, the quality of education as well as the experience of the international students in Australia may hit badly. In the existing scenario, foreign students may show their reluctance to visit Australia for seeking higher education (Wang Tsai, 2014). As a result of the outcome, the economy of Australia may suffer significant loss of GDP. According to OConnor Bodicoat (2016), there are different types of student exploitation that takes place in the Australian economy. Firstly, the workplace exploitation that occurs due to discrimination of wages and payment of salary to the international students below the minimum wage rate. Additionally, the dark skin students are highly abused by the white skin people that have become a major issue for the foreign students in Australia (OConnor Bodicoat, 2016). Furthermore, the international students are provided with lower level jobs and poor payment, which is become the minimum wage rate of the nation. Several cases of physical harm and mental tortures have been filed in the recent years that negatively impact the mindset of the international students in Australia (OConnor Bodicoat, 2016). The major reason for such exploitation is the high level of discrimination, mentality of economic profitability above ethics and poor regulatory framework of the Australian government (Olsen, Burgess Sharma, 2015). A diagram has been presented below to show the current status of the education industry, the types of international student exploitation that occurs in Australia, several reasons and factors leading to such exploitation, and the impact of exploitation over the education service and morale of the students. Figure: Conceptual Framework International Student Exploitation in Australia Literature Review Evidence In the current scenario, the workplace exploitation of foreign students in Australia has become a considerable problem. In the recent times, unscrupulous employers in Australia are continuously misusing the international students in the hospitality and cleaning industry. By identifying the visa condition of the foreign students, employers in Australia are hiring foreign students as employees providing a wage rate of as minimum as $5 (Kainth, 2016). Probably, the employers are misusing the visa condition for the international students that allow a foreign student to work 20 hours a week in Australia. Meanwhile, most of the students have to work part-time to support their education in Australia (Li Whitworth, 2016). By observing the vulnerability, employers are taking advantage of the same to hire low cost employees in the form of foreign students seeking education in Australia. In Australia, the minimum hourly wage rate is $16 (Liamputtong, 2011). However, a recent union survey condu cted including 200 foreign students has revealed the bitter truth of the exploitation of international students in Australia (Mak, 2011). According to the outcome of the survey, 25 percent of the students have reportedly received $10 per hour whereas as much as 60 percent of the students have earned below the minimum wage rate in their respective workplaces (Arnott, 2013). Another study conducted by Dr Mark Zirnsak has revealed that most of the international students working in hospitality and cleaning sectors are neither given appropriate wage or pay slip by the employers (Arnott, 2013). At the same point of time, students are repeatedly abused by the employers on a regular basis affecting the morale and confidence of the students. On the other hand, Asian students coming from China, India, and Vietnam have been treated differently by the employers working with other staff members (Hawthorne, 2013). Precisely, such discrimination and humiliation have developed a poor picture in front of the foreign students seeking education in Australia. The impact of the issue can be massive in the upcoming future. Evidently, such devastating outcome can limit the number of students coming to Australia to complete their degree courses (Tham, 2015). According to the economists, the issue may have led to decrease in foreign students in Australia in near future. Due to poor regulatory challenges and workplace tribunals, workplace exploitation involving foreign students are rising day by day in Australia affecting the quality of education and trust on the administrative (Lambert, 2017). Clearly, sub-standard wage system, workplace discrimination, and unfair treatment by the employers have been the major form of foreign students exploitation seeking higher education in the country. Methodology The methodology of the research presents the blueprint of the paper that is used to collect data, conduct analysis and present the findings of the study. The methodology section presents the overall procedure of the research that will be applied while conducting the research on the chosen topic. Theory Firstly, the literature currently available in the chosen field of study will be analysed and an in-depth evaluation of the relevant literature will be conducted to observe the issues in the Australian Education System. Information will be collected from various sources including Google scholar, journal articles, websites, newspaper articles and printed books (Bryman Bell, 2011). A thematic content evaluation of these literatures will be undertaken to examine the extent to which the educational experiences of the foreign students are impacted through exploitation in Australia. Study Design The design of the study explains the procedure of the research that will be applied while conducting the data collection and analysis. The research will be conducted on the basis of two different research design types. Firstly, review technique will be used in order to conduct a systematic literature review. The literatures from previous authors will be thematically evaluated in order to answer the research questions and meet the objective of the study (Bryman Bell, 2011). Secondly, a descriptive research design has been chosen to conduct a survey and present the findings of the research in the form of a case study (Quinlan, 2015). For instance, primary data will be collected and specific examples from the industry will be presented in order to support the findings of the research. Data Collection The collection of the data is one of the time consuming and complicated task of the research. In this paper, both the primary as well as secondary data collection methods will be used to collect data for the analysis (Abrams, 2016). The primary data will be collected from the primary sources using online survey and set of questionnaires related to how the students feel about exploitation and how its impacts their educational experiences in Australia. Additionally, interviews of five professors will be conducted in order to observe their views regarding exploitations of international students and how these exploitations impact their academic performance. Finally, secondary data will be collected in order to conduct the literature review and backup the findings of the research through the analysis of primary data. The secondary data will be collected from different sources relevant to the topic such as books, journal articles, newspaper articles, government reports, University reports available online or through printed media. Analysis The analysis will be conducted using two different techniques namely qualitative analysis and quantitative analysis. Qualitative analysis will be conducted to discuss the research topic and answer the research questions through the data collected from primary interview of the professors (Quinlan, 2015). Additionally, the secondary data and information will be presented to backup the qualitative analysis. Secondly, the quantitative analysis will be conducted by using descriptive statistics (mean, median, mode, and standard deviation) and hypothesis testing to find out whether the data supports the hypothesis or rejects it (Quinlan, 2015). Moreover, regression analysis will be conducted to know by what extent does the exploitation of international students may impact their educational experiences. Presentation of Results The research will be presented as a mixture of the above methodologies in order to achieve the right solution for the problem that has been identified in the problem statement. The in-depth understanding of the critical review of the literature and responses of the participants obtained through interviews and surveys will be arranged first (Gammon Morgan-Samuel, 2015). The analysis will be conducted on the basis of the analysis techniques presented above and the findings of the analysis will be presented in the form of tables, graphs, charts and written discussion (Abrams, 2016). A descriptive analysis will be conducted in order to support the findings of the research and answer the research questions thematically. Organisation of the Study The structure of the research has been presented herein below: Chapter 1: Introduction The introduction chapter will present the background, aim, objective, research questions, hypothesis statements, scope and significance of the research. Chapter 2: Literature Review The literature review chapter will present the critical review of the cases of exploitation of international students in Australia. Additionally, the chapter will present the background of the education industry and economic prospects of the sector in the last 5 years. Chapter 3: Methodology The third chapter will present the research designs, primary and secondary data collection techniques, data analysis techniques, and the methods of presentation of the findings in the research. Chapter 4: Analysis and Findings The fourth chapter will analyse the data collected through primary techniques such as surveys and interviews. Additionally, it will present the findings of the primary research through tables, graphs and charts. Chapter 5: Discussion A descriptive argument will be presented in this chapter to discuss the impact of exploitation of international students on their educational experiences. Chapter 6: Recommendations and Conclusion Recommendations and summary of the study will be presented in the final chapter. Project Budget It is assumed that the project will require around $3,500 to be completed. The breakdown of the research costs have been presented herein below: Literature Review: In order to undertake the literature review, there is a need of textbooks, online resources and journal articles that are not always free of cost. Hence, the literature review will require around $1000 for purchasing the secondary data resources. Data Collection (Primary): The primary data needs to be collected by using questionnaires and surveys that include printing costs, travelling costs and mailing and posting costs. Additionally, the online survey will be conducted using emails and other online platforms that will require internet costs. Hence, the data collection process will require around $1500. Data Analysis: Finally, in order to analyse the data using quantitative method, SPSS is required which needs to be bought from the market. Additionally, to access tables, charts and government data some amount of money needs to be spent. Hence, it is estimated that the data analysis process will cost around $1000. The forecasted budget of the research has been presented in the table herein below: Forecasted budget for research Particulars Amount to be spent Literature Review $ 1,000.00 Data Collection $ 1,500.00 Data Analysis $ 1,000.00 Total $ 3,500.00 Project Schedule It is estimated that the project will require around 12 weeks to be completed. As per the projection, the research will start on XXXXXX and end on XXXXXX. A Gantt chart has been given herein below to present the schedule of the research: Gantt chart Activities Duration Weeks 1 2 3 4 5 6 7 8 9 10 11 12 Topic of the research 1 week Resource Planning 1 week Development of research proposal 2 weeks Approval of the research proposal 1 week Collection of secondary data 2 weeks Literature Review 2 weeks Collection of primary data 4 weeks Data Analysis 2 weeks Discussion findings 2 weeks Submission of final report 1 week Conclusion By considering the above proposal, it can be seen that the exploitation of international students through workplace discrimination and abuse has become a major issue for the education industry of Australia. Furthermore, the education industry is one of the top three contributors of the Australian GDP and the maximum portion of the revenue comes from international students. The exploitation of the international students negatively impacts their mindset and academic performance that leads to negative impression over the Australian education industry. Hence, the research will be conducted to identify the issues of exploitation of foreign students and its impacts in order to develop necessary policies to improve the current status of the industry, References Abrams, R. 2016.Successful business research. Palo Alto, Calif.: Planning Shop. Arnott, K. 2013.International students battle workplace exploitation in Australia.ABC News. Retrieved October 2017, from https://www.abc.net.au/news/2013-10-22/an-student-exploitation/5036760 Braekkan, K., Sowa, V. 2015. Exploitation by Economic Necessity.SAGE Open,5(4). Bryman, A., Bell, E. 2011.Business research methods. New York: Oxford University Press. Daifullah Alsulami, N. 2016. Why Do Saudi International Students Choose to Study in Australia?.Journal Of Modern Education Review,6(1), 26-35. Farmer, S., Tucker, D. 2008. A Comparative Study of Working Conditions in the Hospitality Industry: Expectations Versus Realitiesd.Hospitality Education And Research Journal,12(2), 19-26. Gammon, J., Morgan-Samuel, H. 2015. A study to ascertain the effect of structured student tutorial support on student stress, self-esteem and coping.Nurse Education In Practice,5(3), 161-171. Hasegawa, H. 2015. Theoretical Investigation into Students Study Behavior Patterns: Learning through ICT and Policy Making/Administrative Management.International Journal Of Languages, Literature And Linguistics,1(4), 290-295. Haussen, T., Uebelmesser, S. 2015. Student and graduate migration and its effect on the financing of higher education.Education Economics,24(6), 573-591. Hawthorne, L. 2013. Indian Students and the Evolution of the Study-Migration Pathway in Australia.International Migration,52(2), 3-19. International education generates a record $20.3 billion for Australia. 2017.universitiesaustralia.edu.au. Retrieved October 2017, from https://www.universitiesaustralia.edu.au/Media-and-Events/media-releases/International-education-generates-a-record--20-3-billion-for-Australia#.WdNbxrIjHIU Janchai, W. 2013. The Student?s Workplace Learning Program as a Strategy to Enhance Knowledge Worker Competency: An Alternative Way to Build Learning Organization.International Journal Of E-Education, E-Business, E-Management And E-Learning. Kainth, S. 2016.Exploitation of international students getting worse in Australia.SBS Your Language. Retrieved October 2017, from https://www.sbs.com.au/yourlanguage/punjabi/en/article/2016/09/14/exploitation-international-students-getting-worse-australia Kretz, D., Partlow, C. 2011. Student Perceptions of the On-Site Foodservice Industry as a Career Choice.Journal Of Hospitality Tourism Education,13(1), 30-33. Lambert, O. 2017.International students trapped in living hell in Melbourne.NewsComAu. Retrieved October 2017, from https://www.news.com.au/finance/work/at-work/sbs-investigation-finds-international-students-are-being-exploited/news-story/f9213c5acff30ff76affcf9cb4e0cc38 Leith, C. 2012. Exploitation and World Progress.Foreign Affairs,6(1), 128. Li, Y., Whitworth, K. 2016. When the State Becomes Part of the Exploitation: Migrants Agency within the Institutional Constraints in Australia.International Migration,54(6), 138-150. Liamputtong, P. 2011. International students in Australia: their challenges and implications for university counselling services.International Journal Of Students' Research,1(1), 8-11. Mak, A. 2011. Korean International Students Coping Resources and Psychological Adjustment in Australia.OMNES,2(1). Marginson, S. 2015. Is Australia Overdependent on International Students?.International Higher Education, (54). Murrmann, S., Vest, J. 2010. The Effect of Individual Attributes on Student Preferences for Industry Specific Employment.Hospitality Research Journal,14(2), 83-94. OConnor, H., Bodicoat, M. 2016. Exploitation or opportunity? Student perceptions of internships in enhancing employability skills.British Journal Of Sociology Of Education,38(4), 435-449. Olsen, A., Burgess, Z., Sharma, R. 2015. The Comparative Academic Performance of International Students in Australia.International Higher Education, (42). Quinlan, C. 2015.Business research methods. Andover: Cengage Learning EMEA. Reinig, B., Horowitz, I., Whittenburg, G. 2011. The Effect of Team-Based Learning on Student Attitudes and Satisfaction.Decision Sciences Journal Of Innovative Education,9(1), 27-47. Tham, J. 2015.Australia grows richer by ripping off foreign students.The Sydney Morning Herald. Retrieved October 2017, from https://www.smh.com.au/comment/tackling-the-exploitation-of-international-student-workers-20150818-gj1ge3.html Wang, Y., Tsai, C. 2014. Employability of Hospitality Graduates: Student and Industry Perspectives.Journal Of Hospitality Tourism Education,26(3), 125-135. Worland, D., Wilson, K. 2008. Employment and labour costs in the hospitality industry: evidence from Victoria, Australia.International Journal Of Hospitality Management,7(4), 363-377.