The Financial System of Bangladesh Free Essays

string(73) set by the BB’s Investment Committee headed by a Deputy Governor. Diagram of Financial arrangement of Bangladesh The monetary arrangement of Bangladesh is involved three expansive divided segments: 1. Formal Sector, 2. Semi-Formal Sector, 3. We will compose a custom paper test on The Financial System of Bangladesh or on the other hand any comparative point just for you Request Now Casual Sector. The divisions have been sorted as per their level of guideline. The conventional part incorporates every controlled organization like Banks, Non-Bank Financial Institutions (FIs), Insurance Companies, Capital Market Intermediaries like Brokerage Houses, Merchant Banks and so on ; Micro Finance Institutions (MFIs). The semi formal part incorporates those organizations which are managed in any case however don't fall under the locale of Central Bank, Insurance Authority, Securities and Exchange Commission or some other authorized budgetary controller. This segment is mostly spoken to by Specialized Financial Institutions like House Building Finance Corporation (HBFC), Palli Karma Sahayak Foundation (PKSF), Samabay Bank, Grameen Bank and so forth , Non Governmental Organizations (NGOs and discrete government programs. About monetary Market The money related market in Bangladesh is predominantly of following sorts: 1. Currency Market: The essential currency showcase is included banks, FIs and essential sellers as go-betweens and reserve funds loaning instruments, treasury charges as instruments. There are at present 15 essential vendors (12 banks and 3 FIs) in Bangladesh. The main dynamic optional market is for the time being call currency showcase which is partaken by the booked banks and FIs. The currency advertise in Bangladesh is managed by Bangladesh Bank (BB), the Central Bank of Bangladesh. . Capital market: The essential fragment of capital market is worked through private and open contribution of value and security instruments. The optional fragment of capital market is systematized by two (02) stock trades Dhaka Stock Exchange and Chittagong Stock Exchange. The instruments in these trades are value protections (shares), debentures, corporate securities and treasury securities. The capital market in Bangladesh is administered by Securities and Commission (SEC). 3. Remote Exchange Market: Towards advancement of outside trade exchanges, various measures were received since 1990s. Bangladeshi cash, the taka, was proclaimed convertible on current record exchanges (as on 24 March 1994), as far as Article VIII of IMF Article of Agreement (1994). As Taka isn't convertible in capital record, occupant claimed capital isn't openly transferable abroad. Repatriation of benefits or disinvestment continues on non-inhabitant FDI and portfolio venture inflows are allowed uninhibitedly. Direct speculations of non-occupants in the modern segment and portfolio ventures of non-inhabitants through stock trades are repatriable abroad, as likewise are capital gains and benefits/profits subsequently. Venture abroad of occupant claimed capital is liable to earlier Bangladesh Bank endorsement, which is permitted just sparingly. Bangladesh embraced Floating Exchange Rate system since 31 May 2003. Under the system, BB doesn't meddle in the assurance of conversion standard, however works the money related strategy wisely for limiting extraordinary swings in swapping scale to stay away from antagonistic repercussion on the residential economy. The conversion scale is being resolved in the market based on advertise request and gracefully powers of the particular monetary standards. In the forex advertise banks are allowed to purchase and deal outside money in the spot and furthermore in the forward business sectors. In any case, to keep away from any irregular instability in the swapping scale, Bangladesh Bank, the controller of outside trade showcase stays watchful over the improvements in the remote trade advertise and mediates by purchasing and selling remote monetary standards at whatever point it regards important to keep up strength in the outside trade advertise. Controllers of the Financial System Central Bank Bangladesh Bank goes about as the Central Bank of Bangladesh which was built up on December 16, 1972 through the institution of Bangladesh Bank Order 1972-President’s Order No. 127 of 1972 (Amended in 2003). The general administration and bearing of the issues and business of BB have been depended to a 9 members’ Board of Directors which is going by the Governor who is the Chief Executive Officer of this organization too. BB has 40 offices and 9 branch workplaces. In Strategic Plan (2010-2014), the vision of BB has been expressed as, â€Å"To grow consistently as a forward looking national keep money with skillful and submitted experts of high moral principles, leading fiscal administration and budgetary division oversight to keep up value soundness and monetary framework strength, supporting quick wide based comprehensive financial development, business age and neediness annihilation in Bangladesh†. The principle elements of BB are (Section 7A of BB Order, 1972) †1. to plan and actualize financial arrangement; 2. o plan and actualize intercession approaches in the remote trade advertise; 3. to offer guidance to the Government on the cooperation of financial approach with monetary and conversion scale strategy, on the effect of different arrangement quantifies on the economy and to propose administrative estimates it thinks about essential or fitting to achieve its destinations and play out its capacities; 4. to hold and deal with the authority remote stores of Bangladesh; 5. to advance, direct and guarantee a safe and productive installment framework, including the issue of monetary certificates; 6. o manage and regulate banking organizations and money related establishments. Center Policies of Central Bank Monetary strategy The primary targets of fiscal approach of Bangladesh Bank are: †¢Price solidness both inside outside †¢Sustainable development improvement †¢High business †¢Economic and proficient utilization of assets †¢Stability of budgetary installment framework Bangladesh Bank pronounces the money related arrangement by giving Monetary Policy Statement (MPS) twice (January and July) in a year. The apparatuses and instruments for usage of money related strategy in Bangladesh are Bank Rate, Open Market Operations (OMO), Repurchase understandings (Repo) Reverse Repo, Statutory Reserve Requirements (SLR CRR). Hold Management Strategy Bangladesh Bank keeps up the outside trade save of the nation in various monetary standards to limit the hazard rising up out of broad change in conversion standard of significant monetary standards and exceptionally unpredictable development in financing costs in the worldwide currency advertise. BB has set up Nostro account courses of action with various Central Banks. Assets amassed in these records are put resources into Treasury bills, repos and other government papers in the separate monetary forms. It likewise makes interest as momentary stores with various high evaluated and presumed business banks and acquisition of high appraised sovereign/supranational/corporate securities. A different division of BB plays out the operational capacities in regards to speculation which is guided by venture strategy set by the BB’s Investment Committee headed by a Deputy Governor. You read The Financial System of Bangladesh in class Article models The fundamental standard of the venture approach is to guarantee the ideal rate of return with least market hazard. Loan cost Policy Under the Financial division change program, an adaptable intrigue approach was planned. As indicated by that, banks are allowed to charge/fix their store (Bank/Financial Institutes) and Lending (Bank/Financial Institutes) rates other than Export Credit. At present, aside from Pre-shipment send out credit and agrarian loaning, there is no financing cost top on loaning for banks. However, banks can separate financing cost up to 3% considering relative hazard components required among borrowers in same loaning class. With dynamic deregulation of loan fees, banks have been educated to report the mid-rate regarding the breaking point (assuming any) for various divisions and the banks may change premium 1. 5% pretty much than the declared mid-rate based on the near credit chance. Banks transfer their store and loaning financing cost in their separate site. Capital Adequacy for Banks and FIs With the end goal of fortifying the capital base of banks FIs, Basel-II Accord has been presented in both of these divisions. For banks, full usage of Basel-II was begun in January 01, 2010 (Guidelines on Risk Based Capital Adequacy for banks). Presently, planned banks in Bangladesh are required to look after Tk. 4 billion or 10% of Total Risk Weighted Assets as capital, whichever is higher. For FIs, full execution of Basel-II has been begun in January 01, 2012 (Prudential Guidelines on Capital Adequacy and Market Discipline (CAMD) for Financial Institutions). Presently, FIs in Bangladesh are required to look after Tk. 1 billion or 10% of Total Risk Weighted Assets as capital, whichever is higher. Store Insurance The store protection conspire (DIS) was presented in Bangladesh in August 1984 to go about as a wellbeing net for the contributors. All the planned banks Bangladesh are the individual from this plan Bank Deposit Insurance Act 2000. The reason for DIS is to assist with expanding market discipline, lessen moral risk in the money related area and give security nets at the base expense to the general population in case of bank disappointment. A Deposit Insurance Trust Fund (DITF) has likewise been made for giving constrained security (not surpassing Taka 0. 01 million) to a little investor if there should arise an occurrence of ending up of any bank. The Board of Directors of BB is the Trustee Board for the DITF. BB has received an arrangement of hazard based store protection premium rates relevant for every single planned bank compelling from January †June 2007. As per new guidance with respect to premium rates, issue banks are required to pay 0. 09 perc

Cults in our Midst :: Essays Papers

Religions in our Midst The book Religions in our Midst, informs all regarding the issues of cliques and what you should search for when attempting to see on the off chance that somebody is engaging in a faction. It has various thoughts on what makes a faction and the issues that they put on our general public. The intriguing piece of this book to our gathering was the means by which it clarified how factions use mind control on individuals to get them to join a religion. It clarifies in an exceptionally proficient configuration how a faction approaches enrolling its individuals. The techniques that cliques use are not exceptionally moral but rather the writer doesn't move toward the subject by picking a side yet rather allows the peruser to reader if what factions do is positive or negative. I imagine this was a decent method to move toward the peruser in light of the fact that as a rule the creator can influence their crowd effectively by just expressing the negative or positive side of a subject. I feel that the creator had a generally excellent hang regarding the matter and worked admirably at bringing the data over a not a great deal of sentiments. I likewise got a ton of my data from a site. The site's location is www.factnet.org. It contained a great deal of data on the utilization of brain control and cliques. It had a variety of thoughts regarding approaches that factions took to allure individuals to go along with them. They had numerous helpful connections and data was put on the site in a way that made it simple for you to discover data on any territory that you were keen on. They have a few passages on each area that gives you a fast diagram of the subject. In the event that you might want to get more data on that topic they give you references and furthermore connections to different locales that would help you in your exploration.

Canada as a Post-Industrial Country - 749 Words

Canada as a Post-Industrial Country Canada’s practices of work and work values have been evolving throughout history. From the early days when agriculture dominated the economy, to the gradual transition into manufacturing and processing, we can see that Canada’s economy is always changing. More recently, we are seeing a similar shift from manufacturing to the service sector of the economy. This paper provides an analysis of Canadian society and whether we can be considered a post-industrial country. A society tends to be classified according to the degree to which different groups within that society have unequal access to rewards such as resources, status, or power. Although humans have established many types of societies over time,†¦show more content†¦We can foresee a decline in inequality as technical skills and â€Å"know-how† begin to determine class rather than the ownership of property, but this can also lead to potential social divisions based on those who have suitable education and those who do not. Post-industrial societies will become more concerned with the welfare of all members of society, as everyone works together to solve humanitys problems through technology and science. As Canada evolved from a rural and resource-based economy into an urban industrialized one, many aspects of Canadians’ day-to-day lives were affected. Throughout the 1900s, Canada saw major changes with the advance of industrialization. Large factories started to appear in cities across Canada, bringing with it rapid urban growth and additional social problems. Exploitation of workers was typical, forcing Canadians to work long hours in unsafe conditions. Owners of manufacturing plants paid minimal wages, making it hard for the working class to live above poverty. These extreme conditions led to strikes, labour unions, and eventually political action. After the Second World War, jobs in the service sector had become much more prominent due to increases in skilled labour. Plant closings, employment downsizing, reduced production levels, and technological innovations were all factors in creating a de-industrialized economy. White-collar workers wereShow MoreRelated Is Canada a Post-Industrial Country? Essay861 Words   |  4 PagesThe term post-industrialism refers to a transition from one form of society to another; the original society being an industrial society, mainly dominated by forms of specialized physical labour, and the latter being a service and knowledge dominated format. An industrial society has many unique and definitive characteristics that separate it from a post-industrial one. 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These changes included the post-war immigration boom, a less segregating Immigration Act and the rise of multicultural and refugee immigration. Post-war immigration patterns have differed from previous waves of immigration due to their size and source of immigration resulting in a grand change in the ‘face’ of Canada. During the post-warRead MoreMy Life Chances within Canadian Society Essay1451 Words   |  6 Pagessocial location based on race, class, gender, and sexuality, believe that they will affect my life chances in the post-industrial societies such as Canada. First of all, let me briefly describe my family background. I was born in the communist country of China. My family immigrated to Canada in the year of 1992. We were an average income family in China. However, after moving into Canada, we became a family that lies below poverty line. 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The 1920s were an exciting time in Canada because of the economic prosperity, technological, social and cultural revolutions and growing political responsibility and change in policy that country experienced. These economic, social and political changes really made the 1920s in Canada â€Å"roar†. First of all, Canada was very roaring economicallyRead MoreThe Perspective On Demography And Its Effects On The Environment874 Words   |  4 Pageseffect on the environment. While equality is important, does all the countries have to reach the standard of Western societies, instead for Western society to meet the developing countries somewhere in the middle. Perhaps Eurocentrism is not so great after all when its existence is everywhere. The China Price provides an excellent example of the consequences of the industrial culture prominent in many Western countries, in which this culture takes advantage of the poor and marginalized groupsRead MoreHuman Geography : Study Of Spatial Pattern And Spatial Organization Of Human Activities1103 Words   |  5 Pagesinformation gathered through a census or vital records can for example help a nation adjust immigration levels if a country is having a very low birth rate or allocate more funding for health care if a high percentage of its population is over 65. Comparing the demographics between various countries can aid in understanding national, regional and global issues. China, Brazil, Canada, India and Ghan a provide a great context to analyze how the environment affects populations. The demographic transitionRead MoreCanada During the Post-War Period1190 Words   |  5 PagesThe post-war time was a period where major changes were occurring. After being involved in two international conflicts, Canada was ready to reestablish their economy. During this time, Canada had started working on ways to become stronger and reputable. It is evident that Canada had matured through the post-war era. Canada’s economic progress left a positive impact on the growth of the country as consumerism became popular, and economic ties with America became stronger. Moreover, the removal of

William Faulkner s A Rose For Emily - 1771 Words

William Faulkner’s short story, â€Å"A Rose for Emily† begins and ends with death. The death of Miss Emily Grierson, the main character in the short story that takes on the role of a person with an abnormal personality. The narrator tells the tale of Miss Emily’s life following her departure at age seventy four. Although, Miss Emily lived a long life she remained secluded for decades without any human contact. Miss Emily’s mental health is certainly a questionable matter considering the life she leads in this fictional short story. â€Å"Human beings have enormous potential to strive toward a higher plane of emotional life† (Brenton 2). With this being said individuals who encounter chronic stress and lack the basic human relationships compromise their mental health. By examining Miss Emily’s mental status, behavior, interactions and personal relationships, it is possible she would have been diagnosed with a form of mental illness according to today’s standards. Miss Emily’s life takes place during the time of The Great Depression era, a time when modern psychology was first discovered and formatted (â€Å"Wilhelm Wundt†). According to today’s standards of medicine mental illness is still a debatable issue. Mental illness is real, involving the disruption of one’s thought processes, experiences, and emotions, therefore causing functional impairment when these disturbances reach a serious level (Perring). When this level is reached it becomes challenging for one to bond throughShow MoreRelatedWilliam Faulkner s A Rose For Emily951 Words   |  4 Pagesliterary Response to â€Å"A Rose for Emily† â€Å"A Rose for Emily† by William Faulkner was published in 1930. This short story is set in an old southern town. I believe that this and several other combinations of events are what made the main character Miss Emily go insane. Miss Emily was an old school southern woman trapped in a modernizing society. She tried desperately to keep to her old ways, but the changes that happened around her were inevitable. This made me feel like something was going to goRead MoreWilliam Faulkner s A Rose For Emily1316 Words   |  6 Pagesminuscule detail in the writing. In order to fully enjoy William Faulkner’s â€Å"A Rose for Emily† readers must do the latter. Faulkner is a witty writer; some symbols are less obvious than others in his writing. To fully appreciate and obtain full meaning of the text readers must pay attention to his symbols and how they contribute to the greater theme. William Faulkner uses symbolization in â€Å"A Rose for Emily† to develop a theme of personal struggle. Emily faces many personal struggles: her relationship withRead MoreWilliam Faulkner s A Rose For Emily1181 Words   |  5 Pages Is William Faulkner s A Rose for Emily iconic American literature? Faulkner uses setting, theme and plot to show the ways â€Å"A Rose for Emily† is an iconic American literature. 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The storytellerRead MoreWilliam Faulkner s A Rose For Emily1801 Words   |  8 Pages William Faulkner is known for his many short stories, however, many has wondered what has influenced him in writing these stories. Like his well known, most famous short story â€Å"A Rose for Emily†, which has always been compared to â€Å"Barn Burning†, one of Faulkner’s other short story. It only make sense to compare them two together because these two stories has may similarities , whether it may be in setting , characters or style they favor each other . Nevertheless they also have many differencesRead MoreWilliam Faulkner s A Rose For Emily957 Words   |  4 PagesBereavement While a â€Å"Rose for Emily† by William Faulkner and â€Å"A Good Man is Hard to Find† by Flannery O’Connor share the common themes of unexpected death and the old south, the murders found in each story are vastly different. Both stories tell of strong female protagonists who don’t cope well with change and both foreshadow death right from the beginning, but the murderers themselves come from completely different worlds. Emily Grierson of â€Å"A Rose for Emily and the grandmother in â€Å"ARead MoreWilliam Faulkner s A Rose For Emily879 Words   |  4 Pagesare both similar due to how these emotions cause a human to act irrationally. The lone woman in A Rose for Emily and the cashier, Sammy, in A P both portrayed a greater sense of hate which overcame their love. We as humans, capable of powerful emotion typically act too quickly to even understand the consequences of our actions. 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I believe that this and several other combinations of events are what made the main character Miss Emily go insane. Miss Emily was a old school southern woman trapped in a modernizing society. She tried desperately to try and keep to her old ways, but the changes were inevitable. This made me feel like something was going to go wrong very early inRead MoreWilliam Faulkner s A Rose For Emily1810 Words   |  8 Pages William Faulkner is one amazing writing ,who is known for his many short stories .However, many has wondered what has influenced him in writing these stories . Like his well known, most famous short story â€Å"A Rose for Emily†, which has always been compared to â€Å"Barn Burning†, one of Faulkner’s other short story. It only make sense to compare them two together because these two stories has may similarities , whether it may be in setting , characters or style they favor each other . Nevertheless

Stakeholder Theory of Modern Corporation †Myassignmenthelp.com

Question: Discuss about the Stakeholder Theory of Modern Corporation. Answer: Introduction With the advancement in technology and strict rules in regarding environmental pollution, the role of management in an organization is becoming more sophisticated. Trust is a crucial factor in the business environment. In building brand loyalty, managers must gain trust from customers and all the stakeholders of an organization. According to Harris, Moriarty, and Wicks (2014), trust can be viewed as the expectation that the decisions that a relationship partner makes will benefit the trusting partner. In today's business world, consumers expect a high quality of goods produced as per their expectations and specifications. The more complex issue in the management of organizations and building trust is that, as companies try to go global, they have to comply with regulations which differ from country to country. Managers face the challenge of maximizing profits while adhering to strict rules. On the other hand, businesses are increasingly becoming exposed due to the availability of med ia technologies which enable the public to scrutinize the behaviour and general performance of any business worldwide. Organizational theories have emphasized on integrity and upholding business ethics in making decisions that will have an impact on all the stakeholders. Using Volkswagen as a case organization, the paper is aimed at exploring the complex nature of organizations decision making in handling management issues with reference to institutional theory and stakeholder theory. Founded in 1937, Volkswagen is one of the largest manufacturers of automobiles. It operates as a public company in Germany, and it is headquartered in Wolfsburg (Forbes 2017). Due to the stiff competition in the automobile industry, Volkswagen has been involved in the manufacture of hybrid cars with state-of-the-art technology in order to maintain a competitive edge. The most recognized brands include Bently, Bugatti, Lamborghini, Audi, Porsche, SEAT, and Skoda (Forbes 2017, p. 1). With the increasing need to protect the environment, countries around the world have put strict regulations on the level of exhaust gas emissions from vehicles. This has led automakers to develop technologies to ensure that the vehicles being manufactured comply with the standards. The desperate need to comply with the Environmental Protection Agency standards in the United States made Volkswagen, under the management of Martin Winterkorn in 2015, to develop software, known as the "defeat device" which has the ability to manipulate the results of emission tests (Edwing 2016). The device has the capability to detect when the vehicle is being tested for carbon dioxide emission after which it adjusts the performance to achieve improved results (Hotten 2015). In that case, all the vehicles that were tested passed, but, in actual sense, they were emitting more carbon dioxide than the regulation agencies recommend. The public was shocked when the Environmental Protection Agency (EPA) found out about the device. Volkswagen had been involved in cheating which is in contrary to business ethics. Even after the EPA found out, the then CEO Mr. Martin Winterkorn denied the allegations, stating that he never knew about it. This showed a lack of transparency within the organization. Identification and Analysis of the Issues The problems surrounding the Volkswagen scandal can be described using the stakeholder theory and the institutional theory. It can be seen that the company wanted to achieve the goal of more profits by selling more diesel cars in the United States and across the world. When the Environmental Protection Agency tested the cars, it was discovered that some car models were equipped with 'duping' device which forced Volkswagen to recall over eleven million of their cars from the market around the world (Hotten 2015). After the revelation, the company became a target of regulatory investigations in various countries around the world such as the United States, France, South Korea, Italy, Canada, Germany and the United Kingdom who were trying to find out how many people were aware of the deceit within the organization (Zhou 2016). The stakeholder theory serves as an appropriate lens when analyzing complex perspectives of how stakeholders consider as valuable. According to Freeman (2012), stakeholder theory in the management of organizations and business ethics is one that addresses the morals and values that govern an organization. Freeman, Rusconi, Signori and Strudler (2012) argue that the theory does not have any comprehensive claims, but it is essential as it provides tools that organizations' managers can utilize in order to add value to their supply chain, tools to help the various stakeholders improve their relationships with the managers and tools that help scholars to understand how businesses create value along the supply chain. The stakeholders, according to Harrison and Wicks (2013), include everyone that is affected either directly or indirectly by the policies and decisions that a company makes. With this regard, the Volkswagen stakeholders include the shareholders, customers, employees, dealers, the environment, the companys executives and the governments. According to Stakeholders theory, Organizations are expected to act for the greater good of all the stakeholders. The companys decision to install cheat device so that their cars can pass the carbon dioxide emission test was an act of selfishness that was driven by the need to gain more profits. This act is against the stakeholder theory which advocates for the recognition of all the stakeholders. The companys decisions should always be aimed at satisfying and be in compliance with the expectations of the stakeholders. The Volkswagens response to the allegations further showed a lack of respect and transparency. According to Zhang, Veijalainen, and Kotkov (2016, p. 1), the responses provided by actors involved in a certain crisis is critical for the survival and growth of businesses. Lack of transparency when communicating to stakeholders causes negative image for the organizations (Zhang, Veijalainen and Kotkov 2016, p. 1). The Volkswagen CEO failed to use the language of stakeholders which would have made it easier for him to integrate business and ethics together. The CEO of the company lied to the public that he was not aware of the device which showed a lack of ethics and the necessary tools to handle a crisis. The management of the company was facing a trade-off between stakeholders and financial gains where instead, the management chose financial sustainability at the expense of the stakeholders. The actions taken by the management affected all the stakeholders in different ways such as loss of jobs, changes in the stock market, environmental issues and tarnished reputations. The institutional theory is another lens that can be used to analyze the issues surrounding Volkswagen. The theory mainly emphasizes on the aspects of social structure. An institution is defined by Scott (2014) as a set of rules and practices that define the meaning and what is perceived as appropriate social behaviour. Scott (2014) described the concept of institutions in three pillars, namely the regulative, normative and the cultural-cognitive pillars (p. 59-66). Based on the three pillars, rules can be understood as the formal regulations, social norms and obligations and the common understandings and beliefs. These rules have a significant influence on how organizations' managers think and act. The rules form the basis in which human beings handle issues and how they perceive things as necessary or morally correct. The application of this lens helps in understanding why individuals and organizations act in a particular manner. Based on this theory, managers are expected to demon strate social and environmental responsibility in carrying out their duties (Salvioni, Astori, Cassano 2014). The Volkswagen scandal shows a discrepancy between the organizations formal statements and the substantial behaviours. Volkswagen was highly trusted by its consumers and other stakeholders to uphold a business code of ethics in their operations. As such, based on the institutional theory, Volkswagen is expected to be transparent in conducting their business and how they communicate to the various stakeholders. Transparency, according to Ephraim (2016, P. 1), comprises of integrity, ethics, honesty, full disclosures, clarity and such factors that lead to good relations among stakeholders. When Volkswagen first delivered a press statement on September 18, 2015, the CEO said that the company was committed to fixing the issue as soon as possible. The message further stated that the company wanted to assure its customers and other stakeholders that their vehicles were safe to dr ive (US Media Site 2015). It can be seen that the message tone is formal and detached; it lacks transparency and empathy for the external stakeholders of the company affected in different parts of the world. It is apparent that Volkswagen vehicles were not safe since they were emitting gas above the permitted level. The message showed a lack of transparency. Based on the institutional theory, the management was supposed to acknowledge the mistakes and plan to correct, and not focussing on promoting the brand image. Recommendations Volkswagen strategies should be aimed to win the trust of customers back. Volkswagen should join an independent verification agency that would be responsible for confirming the performance of their vehicles. The company should partner with independent agencies which the customers can trust. Based on the stewardship theory, Volkswagen managers are expected to act as leaders in making decisions that would benefit the society as a whole. The World Business Council for Sustainable Development is an example of the agencies that Volkswagen can partner with. It is an internationally recognized organization that is aimed at creating sustainable future for businesses, society and the environment (Zhou 2016). Another strategy to win back customer trust is to post a bond as an assurance to the public that such a thing will never happen again. This calls for a strong leadership stands supported by the stewardship theory. The bond will indicate credibility. Volkswagen should make it public that if such a thing happens again, they will fully take responsibility by paying the bond to the European Commission of Automotive Industry and all the affected parties. This will make consumers and other stakeholders to believe that the company is ready to act for the greater good of the society. Conclusion Transparency and trust are important factors in an organization. It can be hard to gain customers loyalty but losing it can happen in just a blink of an eye. Regaining consumer trust is a hurdle which comes with several business and societal implications. Organizations are expected to act in a way that recognizes all the stakeholders and show responsibility in their dealings. Volkswagen has a role to the environment, consumers, shareholders and its employees. The company management should always have the stakeholders in mind when making decisions and in times of crisis. List of References Edwing, J., 2016. Martin Winterkorn, Ex-C.E.O. of Volkswagen, Is Under Investigation. The New York Times [Online]. Available at: https://www.nytimes.com/2016/06/21/business/international/volkswagen-winterkorn-germany.html?_r=0 Ephraim, P.E., 2016. Transparency and Ethical Considerations in Business Organizations: A Comparative Case Study of Crisis Relations Strategies of Volkswagen and Mitsubishi Motors. International Journal of Online Marketing Research, 2(2), pp.1-9. Forbes. 2017. Worlds Biggest Public Companies [Online]. Available at: https://www.forbes.com/companies/volkswagen-group/ Freeman, R.E. 2012. Stakeholder Theory of Modern Corporation. [online]. Available at: https://businessethics.qwriting.qc.cuny.edu/files/2012/01/Freeman.pdf Freeman, R.E., Rusconi, G., Signori, S. and Strudler, A., 2012. Stakeholder theory (ies): Ethical ideas and managerial action. Journal of business ethics, 109(1), pp.1-2. Harris, J.D., Moriarty, B.T. and Wicks, A.C., 2014. Public trust in business. Cambridge: Cambridge University Pres Harrison, J.S. and Wicks, A.C., 2013. Stakeholder theory, value, and firm performance. Business ethics quarterly, 23(01), pp.97-124. Hotten, R., 2015. Volkswagen: The scandal explained. BBCNews. [Online]. Available at: https://www.bbc.com/news/business-34324772 Salvioni, D.M., Astori, R. and Cassano, R., 2014. Corporate Sustainability and Ethical codes effectiveness. Scott, W.R., 2014. Institutions and organizations: Ideas, interests, and identities. Sage Publications. US Media Site. 2015, September 18. VOLKSWAGEN STATEMENT REGARDING EPA INVESTIGATION. [Online]. Available at: https://media.vw.com/release/1064/ Zhang, B., Veijalainen, J. and Kotkov, D., 2016. Volkswagen Emission Crisis: Managing Stakeholder Relations on the Web. In WEBIST 2016: Proceedings of the 12th International conference on web information systems and technologies. Volume 1, ISBN 978-989-758-186-1. SCITEPRESS. Zhou, A., 2016. Analysis of the Volkswagen Scandal Possible Solutions for Recovery.

Decision Making in Romeo and Juliet Essay Example

Decision Making in Romeo and Juliet Essay As Elizabeth Kubler-Ross once wisely said, â€Å"I believe that we are solely responsible for our choices, and we have to accept the consequences of every deed, word, and thought throughout our lifetime†. Carefully analyzing the decision one is about to make with incorporating others opinions assists one in reducing the likelihood of consequences. Young adolescents of the present day are making decisions of which they have not thought thoroughly, and its effects are shown well in Gina Higgins poem, Hash for Cash. Similarly as shown in the illustration of the two obese boys, parents often make choices for their children that they think are the best for them but they are entirely the opposite. Decision making from only one point of view is adequately shown in the William Shakespeare’s play, Romeo and Juliet because in love one should not lose one’s senses of what is logical and what is completely obtuse. It is vital for an individual to cautiously consider one’s options as choices include consequences. All throughout one’s life an individual will make decision that at first seems perfect but in the long run one will abruptly approach the penalties in the future. With colossal amounts of information for young adults regarding issues that these individuals face in their everyday life, it is hard to comprehend why they are still making unwise choices. The poem, â€Å"Hash for Cash† (Gina Higgins) exceptionally portrays a young adult who is â€Å"stoned to the eyebrows† (Hash for Cash) because he or she has chosen to do drugs and irresponsible alcohol usage. We will write a custom essay sample on Decision Making in Romeo and Juliet specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Decision Making in Romeo and Juliet specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Decision Making in Romeo and Juliet specifically for you FOR ONLY $16.38 $13.9/page Hire Writer These individuals may have heaps of excuses for why these individuals first got involved, but ultimately it was in their hands to refuse the urge of experimenting this new substance. The reason being that they knew about its consequences ? that would later take is in command of the person’s life. Subsequently â€Å"studies seem a waste of time†(Hash for Cash) and alas for most of these individuals, â€Å"reality [becomes] startling†(Hash for Cash) and the age where they were supposed to start living their life ? t abruptly ends due to the impractical mistake these individuals had selected to make earlier in their years. These adolescents’ lives could have taken a different route if they had thought twice about the decision they were embarking to make. If they parents had taken that moment in time to initiate the problem their child was going through these young adults may have had a brighter future. It is evident that a child is who he is from his or her s urroundings; especially his parent(s), and until that child is of ‘age’, decisions are made for him, particularly in the dietary department. The two obese children that are exposed in the illustration impeccably show the consequences that the children have to face, for the reason being that the parent(s) had not decided to consider the healthy alternative. Unfortunately the two boys in the photograph are having their childhood snatched away from them, because the food that they are consuming will cause them to comprise various health problems, such as Type 2 diabetes, heart disease, cancer, and many others. Ronald McDonald, the trademark for the company is shown to be sitting outside and enjoying the fresh air while these children are inside consuming an unhealthy diet, and pointing for more. In addition Ronald McDonald is not an obese man, unlike the children; therefore the company McDonalds is sending a hypocritical massage to the public about the affects of consuming Mcdonalds products. Thus, with all the information that is available the parent(s) of these children should have been able to make a logical decision about the food that they are going to be providing for their children. Just because the idea of it appeared appealing and one was in such haste, one should not make such a huge decision about their life without the reconsideration of its alternatives. The notorious Romeo and Juliet had made a decision that; alas lead to their demise. â€Å"A pair of star-cross’d lovers†(Romeo and Juliet) they were madly in love with each other, because they were both in love with the idea of having a companion for life. At the mere age of thirteen Juliet had already had a perspective about marriage and it was that, â€Å"It is an honour that I dream not of. (Romeo and Juliet) Likewise for Romeo for the reason that he had just recently gotten rejected from the women he had ‘loved’ before Juliet. After their first meeting they had already planned to get married, without anyone else’s input and support, clearly showcasing that they had not thought ahead of the consequences they would have to endure. This rushed process lead to several mis communications and hurdles, between Romeo and Juliet’s families and themselves. Romeo’s decision had caused the mortality of this childhood companion, Mercutio in a battle and his mother, Lady Montague because the â€Å"Grief of [her] son’s exile hath stopp’d her breath. †(Romeo and Juliet) These two lovers had helpers, which aided the two of to come together; Juliet’s Nurse and Friar Lawrence. These helpers were both of age and wise but the only incentive they had of helping Romeo and Juliet was because it might â€Å"turn [the] households’ rancour to pure love. †(Romeo and Juliet) If Romeo, Juliet, the Nurse and Friar Lawrence had clearly thought through and looked at the possible consequences, than more than Romeo and Juliet’s lives would have been saved. In love one might make wrong choices but they can be preventable, by just assessing through and ‘reading the fine print’ of the decision one is about to make. Likewise for parents, for the reason being that they should analyze the choices they are making for their children, because in their perspective it might be wiser but in the future it can become a heavy burden. Young adults are only a couple of years away from the world of adulthood, and the choices they make now, will greatly affect them in ever aspect of their life in the future. Thus one should look ahead into the future to the consequences of the decisions they are about to make so they can ask for aid and prevent it. This is very much shown with the community centre project in New York City, which happens to be a couple of blocks away from the site of the horrific events of 9/11. They people who had embarked on creating this centre with a mosque built in had not thought of the response they were going to get and the consequences that are going to be endured by everyone who is either Muslim or someone who is against the construction of the centre. If the people who had thought of this project and had considered of the consequences that they would have to undergo then people in the United States would not have been divided by distinctive religious beliefs. P. S : Dont copy/paste this and hand it in as your assignment at school.. not worth it. just go and learn. and by the way this essay isnt as good as it looks, not going to get you good grade at all.

Reformation and Ritual essays

Reformation and Ritual essays Question: What attitude or attitudes did the Reformations take towards popular religious forms? And how did the Reformations themselves come to embody ritual elements? The Reformation was a period of much social unrest. Whilst there existed a physical struggle evident upon the surface, underneath lie an intense philosophical and religious debate that served to test and question the values of Catholicism and the reasons for the need for change argued by the Protestant. The Reformation movement challenged the Catholic belief system. It argued against the praising and worshipping of icons and other such relics and argued that all praise and worship should be reserved for the Word of God and God alone. However, there is evidence to suggest that early Protestants felt a need for the reassurance offered by such icons and further, it has been argued, that the Protestant Reformers, in attempting to destroy ritual, actually served to strengthen Catholic belief in same. The irony is, in that attempting to destroy such rituals, the movement actually served to embody ritual elements. The methods by which it attempted to destroy ritual, can actually be interp reted as being ritualistic in and of themselves. The Christian Sacraments were and are an important part of Catholic life. In understanding the significance of such sacraments to the Catholic and the theoretical arguments against same put forward by the Protestant Reformer, the need for the Reformer to extinguish such importance, becomes evident. For both the Catholic and the Orthodox the Eucharist represented and represents the body of Christ. It is believed that initially, the Eucharist is simply unleavened bread, however upon being blessed such bread actually turns into the body of Christ, a metaphysical transformation occurs that remains unexplained except by reference to a miracle and a blessing. Conversely the wine is believed to become the blood of Christ. It is believed ...