Politics of globalization 2 Essay Example | Topics and Well Written Essays - 1000 words

Politics of globalization 2 - Essay Example It experiences internal rebellion and external sanctions and aggression as it attempts to achieve economic and political independence within a global political economy. Taken separately, each of the many hurdles to Iran's economic recovery would be somewhat daunting; taken together; they are formidable (Mohammadi, 2003). As stated earlier, the effects of globalization on Iran are many- both positive and negative. Some of them are discussed below. Globalization has had a mammoth effect on the Military sector of Iran which we call the diffusion of power. In terms of the concentration of power, the direction of events seems to be firmly away from any globalizing trend and toward the diffusion of power and regionalization of interaction. (Buzan.B, Wver.O, & Wilde.J, 1998) Liberalization, as the name implies, generally means the relaxation of certain rigid restrictions and regulations. Sometimes, liberalization is associated with privatization; however, both are two different processes. In the Iranian context, market liberalization includes the agricultural front- rice and wheat markets and so on. This is another effect of globalization on Iran There are several definitions for democratization and in one of the best definitions Korany states that it "entails an expansion of political participation in such a way as to provide citizens with a degree of real and meaningful collective control over policy."Democratization in Iran is one of the main effects of globalization. The development of democratization in Iran is rife with impediments and these impediments are challenged by certain social trends within Iranian society. After a careful examination of democratization, the impediments, forces and methods thereof, we have learned that there is no one simple answer in developing democracy in Iran. Thus, these are the three major effects of globalization on Iran. (Democratization in Iran, n.d) Role of domestic politics in Iran's globalization policy. US foreign policy toward Iran has evolved to a point that it can no longer compete with or overcome certain forces. At the same time, forces are present that could assist the US in reestablishing formal dialogue and, ultimately, normal diplomatic relations with Iran. Globalization is the force that in some instances is assisting US foreign policy. At the same time, other elements of globalization are eroding US desires with respect to Iranian programs in WMD. The time has come for the US to admit that its current policy of sanctions is obsolete. The US needs to reengage Iran on economic and social terms that are the byproducts of economic globalization. (George.S, 2003). Politics of identity- Iran's globalization policy As Iran follows the theoracracy (a political unit governed by a deity or by officials thought to be divinely guided) all the policies and theories are. The challenges that Iran faces in regard to globalization are evident enough, first it is economics and second is politics.. The diverse on post-revolutionary development are reflected in the debates within Iran on globalization: reformers allude to Iran's strength in this field,

Business Law Essay Example | Topics and Well Written Essays - 1000 words - 10

Business Law - Essay Example 10 of the said Act. Should her act of carrying an umbrella be construed illegal carriage of weapon? Must umbrella be considered part of the weapon defined in the Sec. 10 of Celebrations Control Act of 2007? Following the four (4) step process, this paper intends to discuss common law rules of statutory interpretation in order to establish whether or not Thalia has really breached Sec. 10 of Celebration Control Act of 2007. With the use of the four (4) step process, this paper shall also discuss review of administrative action by the court to establish whether or not the Constable acted ultra vires when he confiscated Thalia’s umbrella. Step 1. The identified area of the law is statutory interpretation. It is important to establish the common law rules of statutory interpretation to come up with a sound bases for the decision whether Thalia is guilty of the offense. Step 2. The Principles of the Law must be discussed in order to see its relevance to the case. Sec. 10 of Celebration Control Act 2007 is relevant and is consistent with many laws that ensure the safety of the general public from any harm especially during mass actions and protests where Thalia happened to be around. It is consistent with the Umbrellas (Prohibition) Act 1985 which is an Act to prevent a common cause of eye and face injuries which states: It is indeed dangerous to carry weapons that would endanger the safety of the public so much so during celebrations such this when a lot of people might be affected. Sec. 10 of Celebration Act 2007 is based on the principle that the lives of the people in public places must be protected and be ensured from harm. The right to safety and life is enshrined in the Universal Declaration of Human Rights and in the Constitution. Article 13 Sec 16 States: â€Å"Every one has the right to protection against bodily harm.† The United Nations (2007) has also documented cases of killings because authorities failed

Defining And Evaluating Methods Of Measuring Performance Accounting Essay

Defining And Evaluating Methods Of Measuring Performance Accounting Essay Performance measurement is the performance-based management process which is flowing from the organizational mission and the strategic planning process. Performance measurement are includes the objective and subjective assessments of the performance of both individuals and subunits of an organization such as divisions or departments. Performance measurement are effective in ensure that a strategy of organisation is successfully implemented by monitor an organisations effectiveness in satisfying its own predetermined goals or stakeholder desires. Performance measures may be based on non-financial as well as on financial information. The Return on Investment (ROI) Two measures of divisional performance are commonly used is ROI and RI. ROI is the most common profitability ratio. Nowadays, most of companies concentrate on the return on investment (ROI) of a division that is profit as a percentage in direct relation to investment of division which instead of focusing on the size of a divisions profits. ROI addressed divisional profit as a percentage of the assets employed in the division. Assets employed can be defined as total divisional assets, assets controllable by the divisional manager, or net assets. The main advantage of using ROI is provides a valuable information about the overall approximation on the success of a firms past investment policy by providing a abstract of the ex post return on capital invested. According to Kaplan and Atkinson, they state that however, lack of some form of measurement of the ex post returns on capital, there is still useful for accurate estimates of future cash flows during the capital budgeting process. When ROI is used as a managerial performance measure, Measuring returns on invested capital also focuses managers attention on the impact of levels of working capital (in particular, stocks and debtors) on the ROI. It can lead to decisions making that are optimal for individual divisions but sub-optimal for the company. ROI focuses on short-term profitability, looking only at the last quarter or last year for performance evaluation. This time horizon may not be long enough for many projects to be evaluated. According to Daiva BurkÃ…Â ¡aitienÄ-, a further attraction of ROI is that it can compare the return of different businesses field for example division within the company or competitors by adopting it as a common denominator. Therefore, corporate managers want their divisional managers to focus on ROI so that their performance measure is congruent with outsiders measure of the companys overall economic performance. However, the used of ROI for evaluating the economic performance of a division is more appropriate than evaluating the managerial performance, since controllable profit and assets are not exposed in external published financial statements. For comparing the economic performance of a division, net income is likely to be the preferred profit measure to be used as the numerator to compute ROI in order to ensure consistency with the measures that are derived from the financial reports of similar companies outside of the group. ROI has been most widely used financial mea sure for many years in all types of companies. ROI is also a useful medium to communicate the ROI to those who have varying degrees of financial knowledge. The ROI concept allows managers to speak the same language when handle project goals in financial terms across several departments in a corporation as well Information Technology (IT) vendors use ROI as a sales tool to easily convey the economic value of their products. The residual income (RI) Residual income overcomes the dysfunctional aspect of ROI. It is because the use of ROI as a performance measurement can lead to under-investment. For example a manager currently achieving a high rate of return( say 30 percen) may not wish to pursue a project yielding a lower rate of return ( say 20 percen) even thought such as a project may be desirable to a company which can raise capital at an even lower rate ( say 15 percent) (David Otley, n.d). Thus, used RI is better than ROI. The purpose of evaluating the performance of divisional managers, RI is defined as controllable contribution less a cost of capital charge on the investment controllable by the divisional manager. For evaluating the economic performance of the division RI can be defined as divisional contribution less a cost of capital charge on the total investment in assets employed by the division. Besides, RI is favour than ROI and it more flexible because different cost of capital percentage rates can be applied to investments that have different levels of risk. There is not only will the cost of capital of divisions that have different levels of risk differ so may the risk and cost of capital of assets within the same division. The RI measure enables to calculate the different risk-adjusted in capital cost while ROI cannot incorporate these differences. The economic value added ROI and RI cannot stand alone as a financial measure of divisional performance. One of the factors contribute to a companys long-run objectives is short-run profit ability. ROI and RI are short-run concepts that deal only with the current reporting period whereas managerial performance measures should focus on future results that can be expected because of present actions. RI has been refined and re-named as economic value added (EVA) by the Stern Stewart Co. EVA is a financial performance measure based on operating income after taxes, the investment in assets required to generate that income and the cost of the investment in assets (or, weighted average cost of capital). The objective of EVA is to develop a performance measure that find the ways in which company value can be added or lost. The EVA concept extends the traditional residual income measure by incorporating adjustments to the divisional financial performance measure for distortions introduced by GAAP. Thus, by linking divisional performance to EVA, managers are motivated to focus on increasing shareholder value. The objective of developed EVA is producing an overall financial measure that encourages senior managers to focus on the delivery of shareholder value. According to Stern Stewart Co. the aim of companies managers whose shares are traded in the stock market should be to maximize shareholder value. Therefore, financial measurement is an important key used to measure divisional or company performance should be congruent with shareholder value. They claim that compared with other financial measures, EVA is more likely to meet this requirement and also to reduce dysfunctional behaviour. EVA is not just a performance measure but can be the major part of an integrated financial management system leading to decentralised decision making. . It leads the each different department managers to make the best decision lies to the companys goals. Thus adoption of EVA should indirectly bring changes in management which in turn can enhance company value (Stern, Stewart and Chew, 1991). It can be proved by an article in an issue of Fortune magazine (1993) described the apparent success that many companies had derived from using EVA to motivate and evaluate corporate and divisional managers. In fact, companies which have adopted EVA as the basis of management performance measurement have experienced a significant increase in their shareholders wealth. Limitations of financial performance measures Financial performance measures are generally based on short-term measurement periods and this can encourage managers to become short-term oriented. For example, relying on short-term measurement periods may encourage managers to reject positive NPV investments that have an initial adverse impact on the divisional performance measure but have high payoffs in later periods. Financial performance measures are as lagging indicators (Eccles and Pyburn, 1992) by time lag between actions and results. They state the outcomes of managements actions after a period of time, produce too late to influence current decisions. Therefore, its hard to understand or know what the manager did caused what to happen. Hard to know, what the manager did that makes the thing going well or bad as well. Financial performance measures are limited to current reporting period only and it needs to be supplemented by non financial information such as customer satisfaction and quality while Managerial performance measures focus and expect what will be the future result. The major problem is obtaining profit measures are based on the historical cost concept and thus tend to be poor estimates of economic performance. Companies tend to rely on financial accounting-based information for internal performance measurement (Johnson and Kaplan, 1987). This information may be appropriate for external reporting but it is doubtful for internal performance measurement and evaluation. In particular, using GAAP requires that discretionary expenses are treated as period costs, resulting in managers having to bear the full cost in the period in which they are incurred. Many traditional measurement and evaluation methods such as ROI, EVA, ROCE and so on have failed to yield an appropriate estimate of the pay back from these complex systems (Barua et al., 1996). Some claim these performance indicators have a high reliance on financial perspectives and thus portrait only one facet of the organisation. Balance scorecard (BSC) BSC was introduced by Kaplan and Norton (1992) to overcome the shortcomings of traditional management accounting and control which fails to signal changes in the companys economic value as an organization makes substantial investments or depletes past investments in intangible assets. The scorecard contains four different perspective which is financial performance, customers, internal business processes, and learning and growth. These perspectives reflect the interests of the key stakeholders of companies involving shareholders, customers and employees (Mooraj et al., 1999). There are several benefits of adoption the balanced scorecard highlight by Kaplan and Norton 1992. One of the benefits is focusing the entire company on the few key things needed to create breakthrough performance. A balanced scorecard might show that an organisation is only weak in a couple of areas but that these areas are impeding its overall success. By focusing everyone in the organisation on improving those areas, overall performance gets better. Next, it assists to integrate different company activities such as quality and customer service. By looking at different organisational programmes or units from different perspectives can be a way of getting everyone singing from the same song sheet. If the balanced scorecard shows customer service to be weak, focusing on everybodys customer service performance behaviours will lead to small improvements in each department or unit; the overall effect will be a bigger improvement in the organisations customer service performance across the board. Lastly, managers and employees both know what is required to achieve excellent overall performance by breaking down strategic measures to lower levels of the organisation. For example, an organisation might have overall goals to increase productivity by 5 per cent. By breaking down its productivity measures to granular levels of the organisation as part of a balanced scorecard, every member of the organisation will have clear targets that achieve their overall goals. Performance Prism The Performance Prism was developed by (Andy Neely and Adams, 2000) takes a drastically different look at performance measurement and sets out clearly to recognize how managers can use measurement data to improve business performance. It has a much more comprehensive view of different stakeholders for example investors, customers, employees, regulators and suppliers than other frameworks. It must be considering the wants and needs of stakeholders first before the strategies can be formulated (Neely et al., 2001). Thus, the stakeholders and their needs have been clearly identified, if not, it is impossible to form a proper strategy for company. According to Andy Neely, now lots of measurement frameworks for example like the balanced scorecard tends to take a fairly narrow view of stakeholders which refer to shareholders and customers. However, it ignores employees, suppliers, regulators and in todays society organisations cant afford to ignore those different pressure groups. Those di fferent groups of stakeholders that might be interested in the business. The strength of this conceptual framework is that it first questions the companys existing strategy before the process of selecting measures is started. In this way, the framework ensures that the performance measures have a strong foundation. The performance prism also considers new stakeholders (such as employees, suppliers, alliance partners or intermediaries) who are usually neglected when forming performance measures. It is structured to throw light on the complexity of an organisations relationships with its multiple stakeholders within the context of its particular operating environment. It provides an innovative and holistic framework that directs management attention to what is important for long term success and viability and helps organisations to design, build, operate and refresh their performance measurement systems in a way that is relevant to the specific conditions of their operating environment. (Andy Neely, Chris Adams, Mike Kennerley, 2002). Lastly, the performance Prism has considered the stakeholder satisfaction and stakeholder contribution compare to other performance measurement dont consider it. Now a way of thinking about this is that as a stakeholder in an organisation as a customer of an organisation, there are certain things I want from the organisation. Conclusion Divisional performance measurement should be based on a combination of financial and non-financial measures. Financial performance measures cannot stand alone as a measure of divisional performance. Profitability is only one of the factors contributing to a companys objectives. An incorporation of non-financial measures, such as competitiveness, product leadership, productivity, quality, innovation and flexibility in responding to changes in demand, creates the need to link financial and non-financial measures of performance.

Essay --

There is 317,327,804 million citizens in the United States as of 8:05pm on January 6th, 2014 (U.S. Census Bureau, International Data Base). 37.4% of the United States population lives in the South, 23.5% live in the West, 21.4% in the Midwest and the final 17.7% live in the Northeast (U.S. Census Bureau, International Data Base). Given the fact that the United States is the best country in the world, it is also one of the biggest. 82.3% of the population live a long way from the White House. Before the 1950s, and the development of the internet and media, it was more difficult to influence a political party to focus on certain issues from thousands of miles away. Those citizens didn't have the technological advancements that modern America have such as T.V., E-mail, and even Twitter. Newspapers were only a sufficient way of getting news a crossed the country. The average population in the 1940s that are significantly far from the White House was 75% (U.S. Census Bureau, International Data Base). With the creation of linkage institutions in America, that 75% was provided the link they strived for to voice their opinion and play their part. The United States is run under democracy and a democracy depends for its very livelihood on the consequential contacts between the government and the people. The Founding Fathers of the United States destined for the members of Congress to provide the link between government and the citizens. On of the founders, James Madison explains that public views are enhanced and refined â€Å"by passing them through the medium of a chosen body of citizens, whose wisdom may best discern the true interest of their country..." (Federalist #10). â€Å"In our Modern American Government, each House member represents almos... ...r office, public officials' activities, and the public service announcement of the day through television, newspapers, radio, and the Internet. The media's power to shape the American mind has often been criticized, but it also allows people to give feedback to the government† (Steve Jobs). Being able to have free media and paid media, the press is able to swing voters by informing them what issues are important at any given time. While there is a wide spread belief that they media is bias to either the right of the left, it should be less of a concern to the public because the media is largely unsuccessful in shaping opinion but it also allows people to give feedback to the government. Equally, the media is affected by the government, who is able to use the media as a political instrument by furthering the political views of whatever power is currently in office.

How Cellular Phones Has Evolved Essay

Years ago cellular phones offered very limited coverage area for users. The design and function have come from big and ugly to now, tiny and flamboyant. It does not take a scientist to realize how cellular phones have evolved into a multi-function appliance. Retailers utilize technology and their creative vision to attract the cell phone consumers. The market for cell phones has increased because of social network media which is the cause for children pressuring their parents to purchase cell phones. This research will describe the most significant ways the cell phone has evolved. These ways are the camera/ camcorder, applications, and internet. Internet Lee Rannals for redOrbit.com completed a survey and the results be evidence for over half of all cell phone owners’ use their device to surf the Internet (Lee Rannals, 2012). Eighteen-percent of cell-mostly Internet users say a cell phone is more compatible with their online habits than a computer (Lee Rannals, 2012). The Internet is the most important function for the cell phone. The internet is important because any problem can be figured out. For example, if a person is out of town and direction to the nearest gas station or restaurant needs to be looked-up, they can do so by using the internet on their cell phone. They may need to look up the address, telephone number, or get directions. The internet is convenient and helps s to decipher through problems. * Jump to first hit Camera Photography often revolves around planned events, such as birthdays or weddings. Or, it relies on professional shoots. But even studiously prepared photographs must appear somehow impromptu. The images that photographers treasure most tend to be the pure opportunity shots that were captured with a combination of talent, providence, and whatever equipment was at hand. The emergence of digital point-and-shoot cameras helped to enhance photographers’ spontaneity (if not their talent). They also introduced photography to a new generation of users. The next wave of digital innovation promises to further expand this user base. It could even alter the boundaries of amateur photography. More importantly, however, the capture and sharing of images will become an intrinsic part of daily life. Applications The Applications creation has taken cell phones to greater heights. They are add-ons that carry out task other than making a phone call. Apps connect retailers to consumers. For Example, The customers for US Bank can download an application to allow them to check their bank account statement, transfer funds from one account to another, and deposit money. Also, there are games, news, sports, health, and entertainment applications. Cell phone users are able to download the applications which best fits into their desires. Carolyn Jarvis describe the application as a multi-billion dollar industry, but you can usually get an individual app for less than $2, and the options are endless (Jarvis, 2010). She said, â€Å"You have your games, your gadgets, your guides. Welcome to the world of apps. Short for application, you download it off your Smartphone. (Jarvis, 2010).† Applications are significant to how cellular phone is evolving. Conclusion Cellular phones will continue to evolve in the future because of internet, camera, and applications. They have come from being huge to small over the years. The functions have improved drastically from the keys to applications and the internet. The cell phone is compared to a smaller version of a computer based to the users. In fact, cell phone users with internet spend less time on a desktop computer. Applications allow users to connect with retailers and stay connected with friends, and capture picture moments in the past would be uncatchable. The cellular phone has evolved into a multi-function appliance and these are the reasons it will continue to evolve. References Lee Rannals. (2012, June 27). Moblie Phone Internet Use on the Rise. Retrieved January 04, 2013, from Red Orbit: http://www.redorbit.com/news/technology/1112646349/mobile-phone-internet-use-on-rise/ Jarvis, C. (2010, July 23). iPhone Apps. Toronto, Canada.

Welfare Is A Good Idea - 1518 Words

Welfare is a good idea that financially helps those in need and provides people with an income when they are unable to earn a monthly wage; however, when this system is abused it is no longer efficient. Welfare was intended for people who are permanently disabled mentally or physically and are unable to work, but welfare has become an option for every American, even those who do not want to work but are capable of doing so. The American Economy has started to decline because of this due to many people realizing they can get more money with less effort. This problem has only grown worse over time since its creation. Even the hardworking American doesn’t make as much as a welfare recipient since the system of welfare pays more†¦show more content†¦Over time the feeling of embarrassment has begun to fade away and more people have begun receiving welfare without feeling remorse. According to a recent study, the government spends $131.9 billion dollars Moore 2 annually on welfare which, if certain recipients stopped receiving money, could be drastically decreased. Many welfare recipients have children; some recipients have more children to get more money. These children are majorly affected by seeing their parents get money. Most children do not understand how the system works and think the nice government is giving their parents money for doing nothing. This would have many physiological effects on the children who witnesses this and destroys their drive to do anything for themselves. This has been seen in many European welfare states; welfare is recognized to contribute to social depression and destroy parts of society as a hole (Forde, Ian, Ruth Bell, and Michael G. Marmot 1). As the children grow up, they may not learn how the system works and believe that they can do the same thing their parents have done and get welfare money as well. If too many children witness this, overtime the economy will steadily lose workers, causing those who do work to work harder and cause many American factories to move overseas away from the people who actually need the jobs. This will cause America to go into the next Great Depression and possibly not recover. A shocking

Pakistan s Social Life Through Corporate Social...

1.1Chapter Overview This is a main introductory segment of the research report which mainly shows the various aspects and elements that has been covered in this report. This chapter of the research study has highlighted the main problem statement due to which the whole research has been undertaken and background of the research study along with including the context of the study, main issue and the factors. Moreover, the research objectives and questions of the study have also been identified and analyzed. Furthermore, this chapter explicitly talks about the significance of this research along with the thorough outline of the overall study. 1.2Problem Statement The statement of the problem mainly deals with the varying roles played by the companies in Pakistan’s social life through corporate social responsibility. Thus, the different roles and its assessment in Pakistan’s social life have been main focus and concern throughout the whole research study. The main problem statement is: â€Å"What is the role played by companies in Pakistan’s Social Life through CSR†? 1.3 Background of the Study In Pakistan, many companies are focusing on improving and increasing their corporate social activities in order to provide benefits and welfare to the human beings and to fully fulfill the responsibilities while living in the society at large. The corporate social responsibility and related activities have an immense impact on the organization behavior and also influence the individuals’Show MoreRelatedNestle Corporate Social Responsility7065 Words   |  29 PagesProject Corporate Social Responsibility policies, with the business ethics and their impact on business practice and key stake holders. source:(bibliography [ 1 ]) NESTLE PAKISTAN By: OCTOBER 2010 Mentor: EXECUTIVE SUMMARY This report is focusing on the analysis of Corporate Social Responsibility policies, business ethics and their impact on business practice and key stake holders of NESTLE. The report covers areas related to the perception of corporate social responsibility forRead MoreA Report On Nestle International Corporation Essay1745 Words   |  7 Pages Name- Bhupinder Kaur Abstract- In this report NESTLE international corporation will be a subjected of depth analysis. 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