The Theory and Practice of Investment Management.

Question: Is change management best implemented with the involvement of staff? Answer: Introduction Change management process is considered to be most important for the evaluation of the growth of any organization. Employees are the one who contributes their best efforts in bringing out the desired positive results for the organization. The trends are changing throughout the world and thus, the change management process has become more crucial for the execution of the business process in a more suitable way. This essay will help in understanding the role of the staff or the employees of any organization in the change management process (Fabozzi and Markowitz, 2011). Cooperation, as well as the collaboration in the desired working styles of the staff, is very important in order to make the change management process, an effective process. In order to manage the process within an organization, awareness and knowledge are two of the most important elements that provide complete information regarding the execution of the business processes (Heagney, 2012). The employees needs to have pr oper knowledge related to the change management process as this will help to execute the business process of the concerned organization in a more systematic way. Main context There is no surprise in the fact that the employees are the most important part of any organization. Trends throughout the market segments have increased the competition level for the different organization to a great extent (Hung and Tu, 2011). The fact arises whether the staffs are responsible for the execution process of the organization or not. The most important are to understand the actual definition of the change management process. It is the desired process which helps in achieving the goals of the business with the use of effective strategies. Skills of the staff members of the organization are considered to be the most crucial as it helps to identify the desired requirements of the business process. According to (Jacobs, 2009) the changing trends have changed the demands of the customers; therefore, there is a crucial need to enhance the growth of the organization with the help of the staff of the concerned firm. The leaders play the most important in taking the organizatio n towards the right direction and helps in implementing the effective strategies for the change management process. The involvement of the staff members helps in bringing out different ideas related to the implementation of the change management process. It is argued that the involvement of the sometimes affects the growth of the organization negatively and sometimes it brings out the positive results for the organization (Markel, 2012). It is to be noted carefully that the different organizations do not changes but the people within the organization changes their view or they are themselves changed with the help of the change management process. The creative ideas of the employees or the staff help in bringing out the positive results for the concerned organization. Kotters eight step change model helps in bringing the desired ideas related to the implementation of the concerned change management process. Planning and the implementation of the effective strategies within the organization are important and this can be done with the involvement of the respective staff of the organization. In the change management process, firstly, the strategy is defined and then the management team is prepared for adapting the change to the organization. This signifies that the staffs of the organization play the most significant role in bringing out the desired change to the organization. In developing the plans the staff of the org anization put forward their own opinion regarding the change management process and after formulation of the plans, the action is taken and implemented this evacuates the desired fact that change management process requires the involvement of the staff. As per the model proposed by Kotter, the change management process compromises of eight of the important steps which include creating urgency between the employees in order to develop a motivation between the employees to bring out the desired change. Next is the formation of the powerful coalition in which the people needs to be convinced that a particular change is very important in order to enhance the growth of the organization. The staffs need to take the active part in order to bring out the positive results for the concerned organization. The next is the creating the desired vision for the change (Vakoch, 2011). This vision needs to be communicative with the employees or the staff in order to maintain efficiency and effectiveness of the concerned organization. It is argued that removing of the obstacles becomes very important and this is done by hiring the successful leaders within the organization. As per the model, the sixth step comprises of creating the short-term wins, wh ich will be helpful for the employees of the organization to achieve the desired goals of the business. According to (Reddy, 2013), the employees needs proper means of training regarding the business process of the organization as it will provide them the desired regarding the implementation of the change management process within the organization. Building the change is important; therefore, the employees should help in the development of the change within the workplace (Organization Development, 2009). It is argued that who takes the responsibility for anchoring the change, the employees and staff need to take responsibility for the change management process within the organization. Each of the staff within the organization should understand the importance of the change management process as it helps to improve the overall performance of the organization. Communication has been considered to be most important for the development of the effective change management process. According to (Richeri, Zhang and Jiang, 2013), there are three of the most important and effective components of the communication process. These are, the subject matter which is communicated, the audience to which it is communicated and the time of communicating. Effective means of the communication system between the employees or the staff helps in understanding the situation in a better way and it will also help in implementing the change within the concerned organization (Seethaler, 2009). It is argued that how the communication could be started. Therefore, careful analysis of the audiences and with the collection of a correct subject matter it needs to be started. This will help in evaluat ing the change management process by involving the staff of the firm. Conclusion The essay highlights the importance of the staff and the employees in the change management process of the organization. The change management process has become more crucial for the execution of the business process in a more suitable way. The employees needs to have proper knowledge related to the change management process as this will help to execute the business process. Planning and the implementation of the effective strategies within the organization are vital and this can be done with the involvement of the respective staff of the organization. Recommendations In order to develop an effective change management process, leaders should provide perfect training to them as this will help in evaluating the growth of the organization. Conflict management strategies need to implement in order to maintain effectiveness within the organization. The employees or the staffs are very crucial for the implementation of the change management process. References Fabozzi, F. and Markowitz, H. (2011).The theory and practice of investment management. Hoboken, N.J.: John Wiley Sons. Heagney, J. (2012).Fundamentals of project management. New York: American Management Association. Hung, S. and Tu, M. (2011). Technological change as the chaotic process.RD Management, 41(4), pp.378-392. Jacobs, C. (2009).Management rewired. New York, N.Y.: Portfolio. Markel, M. (2012).Technical communication. Boston, Mass.: Bedford/St Martins. Organization Development. (2009). New Age International. Reddy, P. (2013). Latest Approach to Improve the Protection of Embedded Systems by Using PGP Technique.IJFCC, pp.121-125. Richeri, G., Zhang, Z. and Jiang, F. (2013). The latest look at media studies in China.Studies in Communication Sciences, 13(2), p.106. Seethaler, S. (2009).Lies damned lies, and science. Upper Saddle River, N.J.: FT Press. Vakoch, D. (2011).Communication with extraterrestrial intelligence. Albany: State University of New York Press.

Inner Conflict Essay Example

Inner Conflict Essay I have written this piece in order to demonstrate that Inner conflict is often underestimated and the wars that are within some individuals can be much worse than physical or external conflict between people. We Interact with people on a daily basis that may seem in good shape on the outside but are dealing with an Immense hostility within them. This concept Is portrayed In The Quiet American where Fowler Is deliberating privately whether or not to give the go ahead for Pyle essentially to be assassinated. The conflict between Fowler and Pyle seems contained but the contemplation Inside Fowlers head Is far more serious. The book My sisters keeper by Jodie Piccolo was another motive for this piece as It highlights the discord between a family whiffs second daughter refuses to continue donating parts of her body In order to save the eldest daughter whom Is dying of cancer. The emotional and psychological conflict experienced by everyone in the book highlights that behind a strong demeanor there are often immense interpersonal battles being fought. Hoping to bring to readers attention that everyone is dealing with some sort of dissension that we probably dont know about and thus should always consider how our actions could cause others to feel and react; realizing that one hurtful deed could be the tip of the iceberg for some; leading to things far greater than we couldve imagined. We will write a custom essay sample on Inner Conflict specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Inner Conflict specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Inner Conflict specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Lying against the same old damp pillow, my cheeks tight and salty from the desolate tears that form part of my nightly routine. My head hurts and I can feel the rings under my eyes grow darker as the hours of the night tick away. I like this time of evening, not having to smile and pretend that everything is okay, meaningless conversation with people who pretend to be interested in what you have to say. The cool air that runs underneath the window brushes against my skin and the wounds along my arms and legs sting a little, this familiar feeling has a comforting edge to it. This is one thing I can actually control, I think to myself. I know what Im doing Is wrong, mother made me read that book about the girl who drinks herself Into a momma every night in order to forget about her abusive father, arent you glad we are a normal family she used to say when discussing the book with me; If only you knew I thought to myself. I hear Alice rolling around In her bed, she always seems so fulfilled with things, helping mum around the house, chatting to her friends, singing In the shower, how does she do It? Always has the boys at school looking at her, not a negative bone In her body. Maybe thats how It works though, all the good genes modeled Into one child and a polar opposite created In the second. Perhaps If I were a little more Like Alice; he wouldnt see the need to try and get rid of me. So I never could tell where you Put your foot, your root, I never could talk to you. The tongue stuck in my Jaw. Staring at the family photo hung above the fireplace, these words of Sylvia Plate reminisce through my thoughts. Is this a common thing? Fathers finding the need to batter their daughters in order to live a balanced life, I dont blame him though, even I find the practice of harming myself to be an essential, its Just the way it is. As long s Alice and Mum are kept from it, Id rather it be me than one of them, for this reason the nights he rages his anger and frustration upon me I seek comfort in the fact that theyre being spared of it. His drunken breath leaves a sense of discomposure in the air, one I wish I could simply blow away or lighten with some incense; his facial discontent when looking into my eyes is something I will always remember. Those are they eyes that follow me around, always watching, Judging my every move. Suppressing thoughts of better days I try to remind myself that this is who I am, Hess qualities are what define me, Im Just a nobody that needs to get through this mundane life. Could it be better though? Seeing the girls in magazines and in movies, life looks like it could be different. My eyes are heavy and I start to think about all the unfinished deadlines creeping upon me, it all seems too much. Sometimes I wonder if anyone would even miss me if I were to Just disappear, in fact I think some might even find pleasure in not having me here anymore. The only reason dad would miss me is because he wouldnt have a punching bag to carry out his weekly frustrations, Alice probably wouldnt even notice and Mom, well sometimes I think she cares slightly but even so she might be relieved that there is one less person to worry about. I see it as being a favor to them, if I were to silently depart, even more so a favor to myself, my pitiful body shouldnt have to endure this any longer. It would be so easy I think, being able to finally be at rest. No longer having to deal with the voices inside my head, the battles within my conscience, if that were at rest, it would be bliss. The torment of the lashes and physical struggles of the world would vanish and I could be untied from all this at last. I can almost feel a smile draw itself across my face as the thought of serenity settles in this imaginary world I sometimes manage to create. Just like that I am back to reality, hearing Alice get up to go to the bathroom brings me back to the present. How foolish of me to think that I could escape this for more than a minute, these inner representatives wont let me go, or is it me that is afraid of detaching myself from them?

Barack Obama - State of the Union Address 2014 free essay sample

Appealing to Tradition Fallacy

Appealing to Tradition Fallacy Fallacy Name: Appeal to AgeAlternative Names:argumentum ad antiquitatemAppeal to TraditionAppeal to CustomAppeal to Common PracticeCategory: Appeals to Emotion and Desire Explanation of the Appeal to Age Fallacy The Appeal to Age fallacy goes in the opposite direction from the Appeal to Novelty fallacy by arguing that when something is old, then this somehow enhances the value or truth of the proposition in question. The Latin for Appeal to Age is argumentum ad antiquitatem, and the most common form is: 1. It is old or long-used, so it must better than this new-fangled stuff. People have a strong tendency towards conservatism; that is to say, people have a tendency to preserve practices and habits which seem to work rather than replace them with new ideas. Sometimes this may be due to laziness, and sometimes it may simply be a matter of efficiency. In general, though, its probably a product of evolutionary success because habits which allowed for survival in the past wont be abandoned too quickly or easily in the present. Sticking with something that works isnt a problem; insisting on a certain way of doing things simply because its traditional or old is a problem and, in a logical argument, it is a fallacy. Examples of the Appeal to Age Fallacy One common use of an Appeal to Age fallacy is when trying to justify something which cant be defended on actual merits, like, for example, discrimination or bigotry: 2. Its standard practice to pay men more than women so well continue adhering to the same standards this company has always followed.3. Dog fighting is a sport thats been around for hundreds if not thousands of years. Our ancestors enjoyed it and it has become part of our heritage.4. My mother always put sage in the turkey stuffing so I do it too. While its true that the practices in question have been around for a long time, no reason for continuing these practices are given; instead, its simply assumed that old, traditional practices should be continued. There isnt even any attempt to explain and defend why these practices existed in the first place, and thats important because it might reveal that the circumstances which originally produced these practices have changed enough to warrant dropping those practices. There are quite a few people out there who are under the mistaken impression that the age of an item, and that alone, is indicative of its value and usefulness. Such an attitude is not entirely without warrant. Just as it is true that a new product can provide new benefits, it is also true that something older may have value because it has worked for a long time. It isnt true that we can assume, without further question, that an old object or practice is valuable simply because it is old. Perhaps it has been used a lot because no one has ever known or tried any better. Perhaps new and better replacements are absent because people have accepted a fallacious Appeal to Age. If there are sound, valid arguments in defense of some traditional practice, then they should be offered, and it should be demonstrated that it is, in fact, superior to newer alternatives. Appeal to Age and Religion Its also easy to find fallacious appeals to age in the context of religion. Indeed, it would probably be hard to find a religion which doesnt use the fallacy at least some of the time because its rare to find a religion which doesnt rely heavily on tradition as part of how it enforces various doctrines. Pope Paul VI wrote in 1976 in Response to the Letter of His Grace the Most Reverend Dr. F.D. Coggan, Archbishop of Canterbury, concerning the Ordination of Women to the Priesthood: 5. [The Catholic Church] holds that it is not admissible to ordain women to the priesthood for very fundamental reasons. These reasons include: the example recorded in the Sacred Scriptures of Christ choosing his Apostles only from among men; the constant practice of the Church, which has imitated Christ in choosing only men; and her living teaching authority which has consistently held that the exclusion of women from the priesthood is in accordance with Gods plan for his Church. Three arguments are offered by Pope Paul VI in defense of keeping women out of the priesthood. The first appeals to the Bible and isnt an Appeal to Age fallacy. The second and third are so explicit as fallacies that they could be cited in textbooks: we should keep doing this because its how the church has constantly done it and because what church authority has consistently decreed. Put more formally, his argument is: Premise 1: The constant practice of the Church has been to choose only men as priests.Premise 2: The teaching authority of the Church has consistently held that women should be excluded from the priesthood.Conclusion: Therefore, it is not admissible to ordain women to the priesthood. The argument may not use the words age or tradition, but the use of constant practice and consistently create the same fallacy.

Perfect Market and Market Failures Essay Example | Topics and Well Written Essays - 1250 words

Perfect Market and Market Failures - Essay Example There are a large number of buyers and sellers in the market for a particular product and there is perfect freedom for entry into as well as exit from the market. There is sufficient supply of the product in the market and the purchase made by any single individual would not affect the market. The product sold is homogenous in all parts of the market and all the buyers and sellers are having complete information regarding the prices in different parts of the market.The producers of a product, whether farmers or companies or any other organizations, who are not putting their resource into complete use or wasting the resources, would fail in their business. The same thing happens if they produce their product more than the demand for that product or produce the product with a wrong technology. In a perfect market all products are produced in the most competent manner. There is no wastage of resources and the products are produced with minimum costs and in exact quantity as required by the market.Only the required amount of products is produced so that there is no surplus or deficit. If there is surplus, then the price would reduce and if there is deficit, the price would go up. In other words the amount that is produced would be equal to the demand of the product. Then the price of the product would be equal to its cost and would be equal to the worth attached to it by the customer. 4. Other assumptions include no taxes or public goods and other externalities. When the production as well as use of goods and services in a market is not efficient, it is called market failures (Krugman and Wells, 2006). It occurs usually when the individual's interest is different from the interest of the society. In most cases it calls for government interventions to solve the situation. There are many reasons for market failure. When a producer of the goods or services gain market power in such a way that he can control the trade of the product and impedes the interest of other traders, then a condition called imperfect competition occurs. This can be monopoly, monopolistic competition, monopsony, cartels etc. Another condition that could lead to market failure is the existence of either positive or negative externalities. Yet another reason is the presence of public goods in the market. Market failure can also occur when the resources are common (Krugman and Wells, 2006). One of the most important examples of a market failure is traffic congestion. Roads are public goods and a resource that is common to all. In the last two decades there has been a tremendous increase in the number of vehicles produced and used and there is no corresponding increase in the road space (Harford, 2006). So the demand for road space is more than its supply. This in turn results in traffic congestion. Traffic congestion results in longer time required to reach a place, slowing of the speed of the vehicle, which would increase cost of driving and this could seriously affect trade. When the traffic comes to a complete stop it is called traffic jam.

Employee Engagement and it's impact on the success of the business Term Paper

Employee Engagement and it's impact on the success of the business (Human Resources Management ) - Term Paper Example To reduce the dissuasion that the employees had, a study was conducted after which the relevant recommendations were given and they were then implemented considering the practicality and the effectiveness. The whole idea for the formation of the report is to analyze and identify the reasons that exist because of which the employees are unsatisfied or have some kind of issues with the company. To achieve employee satisfaction, is a very important task for any company because satisfied employees are those who will work effectively and therefore also have a positive impact on the profits of the company. Employee satisfaction is a major factor that companies are willing to spend a lot of cash on so that they can have a very satisfied work force. It is not important that all the employees should be paid well only, there are other factors like satisfaction and a peaceful and happy environment is also a very important and crucial factor that the employees look for when they work for any com pany (Federman, B. , 2009). Constant training should be given to the employees. Employees would feel that the management is interested in improving the conditions of the employees and as well as have them motivated. It has been seen again and again that when the employees have stagnancy in their jobs they start feeling dissatisfied and end up leaving the job. This increases the turnover in the company and the reputation of the company is reduced. The constant training which will be given will make the employees think that the company is interested in the growth of the employees. Evaluation of the process is done to ensure that the best practice is employed. If a process is done in alignment with the goals set done earlier, then it will yield results usually. However, if it does not then the matter needs to be looked into further. Evaluation is done by firstly understanding the environment that the business is functioning in and all the related data in that business needs to be analy zed. A good idea also doesn’t necessarily lead to good results. Therefore it needs to be implemented properly in order to reap its full benefits. The implementation needs to be analyzed by seeing the participants involved in the process, their interaction and teamwork elements etc. the impact on the community and the training that participants may require or may have been involved in in their work (Federman, B. , 2009). In today’s globalized world, Human Capital is considered to be more important as compared to financial capital. The kind of workers that you have hired in your organization reflects the true condition of your organization. If the organization contains all â€Å"A† class workers then the organization tends to be a successful one, while if they do not hire the right kind of people then, it is the organization that suffers as a whole. Through right kind of hiring the organization can achieve its purpose. It is highly recommended that the employees h ave the required requirements of Knowledge, Skills and Abilities (KSAs) so that the organization is capable enough to reach its goals (Macey, W. H., 2009). If the employees are knowledgeable about the required requirements of the company, they know about the qualities that they should possess or they should gain. It is also duty of the company to make sure that they work on the various lackings that exist in their employees. This way the employees will feel that the company

Integration of different theories Essay Example for Free

Integration of different theories Essay Integration of different theories Employing the Behavioral, Cognitive-Behavioral, Psychodynamic, Existential, Humanistic, Family Systems, Gestalt and Client-Centered Eclectic stance primarily involves the incorporation of distinct concepts within a single framework. The important thing is that of flexibility and resiliency on one’s part when to apply or implement which of the theories in the context of his/her client. It starts with the identification of specific problems and especially the root causes. When this is confidently achieved, the therapist is actually midway to attaining his/her goals which includes not only the relief of the symptoms that the sufferer is currently experiencing but especially the reduction of the occurrence if not altogether eliminated (Corey, 2004). THERAPIES -The Behavioral model utilizes what is termed as the learning theory posited by Skinner and Watson and the rest of the Behaviorism school. It assumes that the principles in learning i. e. , conditioning (Associative and Operant) are effective means to effect change in an individual. Generally, the thrust of this theoretical perspective is focused on the symptoms that a person is experiencing. Just as many of the errors of the patterns of behavior come from learning from the environment, it is also assumed that an individual will be able to unlearn some if not all these by using the techniques as applied based on the learning principles. To a certain extent I believe that this still works: reinforcements are effective to some extent and in some or many people hence I am incorporating this stance separate or distinct from the Cognitive-Behavioral approach. In behavior therapy therefore, thoughts, feelings and all those â€Å"malfunctioning† and unwanted manifestations revealed in one’s activities can be unlearned and the work of a behavior therapist. The basic concepts include â€Å"extinguishing† – utilized when maladaptive patterns are then weakened and removed and in their place habits that are healthy are established (developed and strengthened) in a series or progressive approach called â€Å"successive approximations. When these (factors) are reinforced such as through rewards in intrinsic and extrinsic means, the potential of a more secure and steady change in behavior is developed and firmly established (Corey, 2004). Cognitive-Behavioral therapy. In the cognitive approach alone, the therapist understands that a client or patient comes into the healing relationship and the former’s role is to change or modify the latter’s maladjusted or error-filled thinking patterns. These patterns may include wishful thinking, unrealistic expectations, constant reliving and living in the past or even beyond the present and into the future, and overgeneralizing. These habits lead to confusion, frustration and eventual constant disappointment. This therapeutic approach stresses or accentuates the rational or logical and positive worldview: a viewpoint that takes into consideration that we are problem-solvers, have options in life and not that we are always left with no choice as many people think. It also looks into the fact that because we do have options then there are many things that await someone who have had bad choices in the past, and therefore can look positively into the future. Cognitive-Behavioral Therapy postulated primarily by Ellis and Beck â€Å"facilitates a collaborative relationship between the patient and therapist. † With the idea that the counselor and patient together cooperate to attain a trusting relationship and agree which problems or issues need to come first in the course of the therapy. For the Cognitive Behaviorist Therapist, the immediate and presenting problem that the client is suffering and complaining from takes precedence and must be addressed and focused in the treatment. There is instantaneous relief from the symptoms, and may be encouraged or spurred on to pursue in-depth treatment and reduction of the ailments where possible (Corey, 2004). Psychoanalytic therapy. The Psychodynamic perspective is based on the work of Sigmund Freud. He created both a theory to explain personality and mental disorders, and the form of therapy known as psychoanalysis. The psychodynamic approach assumes that all behavior and mental processes reflect constant and often unconscious struggles within the person. These usually involved conflicts between our need to satisfy basic biological instincts, for example, for food, sex or aggression, and the restrictions imposed by society. Not all of those who take a psychodynamic approach accept all of Freud’s original ideas, but most would view abnormal or problematic behavior as the result of a failure to resolve conflicts adequately. Many of the disorders or mental illnesses recognized today without a doubt have their psychodynamic explanation aside from other viewpoints like that of the behaviourist, or the cognitivists. From simple childhood developmental diseases to Schizophrenia, there is a rationale that from Freud’s camp is able to explain (Corey, 2004). The Existential approach, as put forward by Nietzsche, Kierkegaard, Sartre, Heidegger, Rollo May, and Frankl, believes that the individual’s potential may lie dormant but that it is there waiting to be ushered in time. It recognizes that man is able to achieve great heights and that these are just waiting to be tapped not only by him/herself but that also when helped by a practitioner who is persuaded of this notion. It examines such major issues as free will and the challenges of exercising this free will, the issue of mortality, loneliness and in general, the meaning of life. The Therapy is effective when the practitioner works with elderly care and death and dying issues. It focuses on the individual needs but takes into consideration the significant relationships and the meanings they bring into the person’s life. Transcending the issues and problems are primary intentions of the therapist at the same time being realistic that certain limitations do exist and may hinder the process of recovery (Rubinstein et al. , 2007; Corey, 2004). -Humanistic therapy. Allport, Bugental, Buhler, Maslow Rollo May, Murphy, Murray, Fritz Perls and Rogers are those that helped usher in the Humanistic theory and consequent therapy. It holds in view the individual as possessing the options or freedom to choose, creativity, and the capability to attain a state where he/she is more aware, freer, responsible and worthy of trust. Because the human mind has immense potential, the approach assesses as well that forces from the environment bear on with the individual and depending on the interplay that occurs within the individual person, the result will either be destructive or constructive to the person. In sum, humanism takes into the perspective that essentially humans are good and not evil, and that the therapy facilitates by harnessing on the human potential through the development of interpersonal skills. This results to an enhanced quality life and the individual becomes an asset rather than a liability to the society where he revolves in (Corey, 2004). Family-Systems therapy. This theoretical viewpoint has been the by-product of the works of Bateson, Minuchin, Bowen, Ackerman and many others. Usually done in pairs or by a team of practitioners, family systems therapy has its roots in behavioral and psychoanalytic principles. This model understands that the family is a unit and its members or any of its members with an issue or a problem must be addressed in the context of the family as a unit. It puts its emphasis on the relationships among the family members, their patterns of communication more than their individual traits and/or symptoms. The systems theory portion of the therapy indicates that whatever is occurring or happening is not isolated but is a working part of a bigger context. In the family systems approach then, no individual person can be understood when removed from his relationships whether in the present or past, and this is specially focused on the family he belongs to (Corey, 2004). Reference: Corey, Gerald (2004). Theory and practice of counseling and psychotherapy. Thomson Learning, USA.