Implementing a plan for workforce diversity is in any organizations not easy Essay Example for Free

Implementing a plan for workforce diversity is in any organizations not easy Essay The fact that you are dealing with people of diverse backgrounds makes the implementation difficult. â€Å"Diversity in the work force represents an effort towards ensuring a high performing inclusive workforce† (http://www. ornl. gov). When trying to promote diversity in a population based public health has its problems to. â€Å"Population-based practice focuses on the entire range of factors that determine health rather than just personal health risks or disease†. (http://www. health. tate. mn. us). Things taken into consideration are social status, education, employment, and personal health. If I was in charge of developing a plan for implementing a population based health institution, I would first look at the population itself. I would collect data on the health of the population; analyze that data taking into consideration the risk factor. I would then try to identify the cause of the health issues of the people and find out what their needs are. I would consult with others with knowledge of this nature, such as the stakeholders. Then I would derive the best solution for serving the people. Doing this would present some problems. Working with a diverse population would be a problem if not handled properly. If the workers aren’t educated in dealing with people of diverse backgrounds then they will be unable to meet their needs. â€Å"One of the great challenges facing organizations is getting all employees, from the CEO to the hourly workers, to realize that to become the best, they have to embrace diversity† (http://www. nwlink. com). Therefore, I would mandate that all employees take a course in diversity.

The Google Culture Essay -- Business Management

Introduction Google was created in 1998 due to the need for a more efficient Search Engine. Actually Google is one of the most successful internet based companies since the booming of â€Å"dotcoms† in the late 1990s and remains a leader. This success is based on its great organisational practices and core competencies. Google ´s success is not only in its technology and the functionality of its product; it ´s also in its aggressive ability to get profits innovating, which is critical to their workforce because it operates in a global market. Through innovations, Google has expanded its services and features. Google today is no longer a search engine company but a web computing Applications Company. This innovative capability, the integrated process and a supportive culture creates the actual sustainable competitive advantage of Google. The focus of this study will be on that very culture that has allowed Google to become the giant it is today. From a garage start up to a company earning billions in revenue, Google has managed to maintain its charm. Google offers the perfect environment for its workforce where communication, respect and freedom are the reigning principles. The company is well known for its informal organization and flexible schedule, however there's a lot more to what is seen on the surface, as we delve into the inner make up of the Google Culture. The Google Culture Google's corporate culture is based on a number of principles that lay in the foundation of the company's success. First of all, members of the Google workplace are seen as equals. Of course for organizational purposes there are managers and those they manage, but this doesn't create any kind of barriers as communication flows swiftly back and forth and... ...e and the effort of staying true to important values that lie at the heart of the organization, Google should be able to move forward with as much grace as it has done in the past. Googlers are at the end of the day what drives the company along, thus keeping a strong and united workforce would be integral elements for Google to maintain its focus on. It's of utmost importance for the company to carefully manage its overseas offices, in order to avoid an internal breakup due to the diversity between them. This should be taken care of by communicating a clear set of values that are present in any culture across the world. This basis of the corporate culture would thus be a linking element despite racial differences. Works Cited http://www.google.com/intl/en/corporate/ http://www.davechaffey.com/E-commerce-Internet-marketing-case-studies/Google-case-study/

Leverage and leveraged finance

Leveraged finance usually means funding a company with more debt than it is worth. Leveraged finance is used to gain specific, short term objectives like acquiring a company through buy outs or buy-ins, or parking funds in assets which generate fast and excessive returns over the cost of funding. The Sub – Prime crisis of recent times makes it important to keep the above definition in mind. Implicit in all finance deals is the ‘down-side ‘or risk that a lot of value (money in plain terms) would simply disappear if the wrong calculations are made. In finance a lot of calculated instinct is based around the capacity of an entity to service or repay its loans. This also raises the question of faith – on the organization’s capacity to perform and therefore repay its debts along with associated costs, chiefly interest related, and returns. Putting a lever to something means firmly positioning it to perform a task. In the language of finance, leveraging would mean to strengthen the power of a company’s funds to attract more returns by borrowing yet more funds – usually short term.   Leveraged financing is the issue of high yielding bonds or funds borrowed from banks to fund the takeover of companies or buy outs by existing members (buy in) or an outside stakeholder (takeover). The ratio of the company’s debts (borrowings) and the company’s return on equity (money borrowed and invested elsewhere) decides the risk rating of a borrowing entity. Simply put, the company has to earn enough to repay the cost of its borrowings and make an extremely high profit for its stakeholders. If the cash flow from the operation is negatively affected by the high cost of debt servicing or interest for borrowed funds – the position of the lender is riskier. Therefore the interest or the ‘risk cost’ will be higher. (Fletcher, 288-92) The principle is utilized in investing in stocks. The price of a stock is a reflection of its debt to equity ratio at its market or book value.   Financial leveraging calculates the varying effects of one or the other in arriving at a ratio. It allows higher return to the investor. The loss may be higher too, for the company has to pay servicing costs for borrowings even if its stock is completely eroded. There are levels of leverage financing – either secured bank loans or bonds or comparatively ‘less senior’ subordinated bonds or loans. A leverage financier has to calculate how the finance is to be raised. If he overestimates a company’s capacity pay back the loan, he might lend too much at very low margins. The outcome of this would be that the financier will be unable to sell these loans or bonds. Then again, if a company’s value is underestimated, then the transaction results in a huge loss. The objective of leveraged buy outs is to acquire assets without utilizing its own capital. The following case studies illustrate the impact at different periods in recent times. The Sub Prime Crisis Sub Prime borrowers are those whose debt rating is ‘high risk’ – their ability to pay back their loans is considered weak by banks or financial companies. As compared to ‘prime’ borrowers like companies who are financed with ease, a sub prime or non prime borrower’s credentials are considered poor. This is because they are likely not to repay due to insufficiency of funds. They are then financed at sub prime or higher rates of interest than normal. This makes it profitable for lending institutions. In the USA, the bulk of sub prime borrowers are people who seek to buy houses. The majority has no stable income or is in employment which does not earn enough. Only some months back, in the USA debt was freely available to those who asked – in fact, banks fought among themselves to offer loans to leveraged takeovers and hired the services of agents to ferret out possible borrowers. But now, the markets are talking of credit squeeze. Banks are scrambling to tone up their balance sheets. What led to this problem? It is good to remember that householders, commercial banks, brokers and companies all use leverage differently. Homeowners are said to be ‘anti cyclical’ in their leverage. When assets (in this case, property values) appreciate faster, leverage – a factor of debt to equity, decreases. When asset values shrink, leverage rises. This is because householders keep paying mortgages regardless of cycles of increase or decrease in property values or share prices. When a householder takes, say, $300,000 on a $400,000 house, he has equity of $100,000 or a leverage ratio of 3. Supposing the house price was to increases to $500,000, his equity doubles to $200,000 toning down the leverage ratio to 1:5 (Kar, 165-71) Banks and companies are neither strongly anti nor pro cyclical, choosing fixed leverage ratios whatever happens to the market. Investment banks and broking houses are extremely pro cyclical, ramping up their leverage as asset prices move upward. Brokers employ specialized risk based accounting which allows increased borrowing while prices are rising. Conversely, they have to borrow less as prices fall. While adjusting to risk is natural, these brokers acted against what would be prudent judgment. To explain this – an amateur might think that high priced portfolios run a higher risk. On the other hand, a ‘calm’ market would make him cautious in anticipation of a storm. The finance professionals turn this judgment on its head through an instrument which they have devised called ‘Value at Risk’ (VAR) which considers current market values, no matter how unpredictable the market is. For example, in the valuation of complex portfolios, brokers tended to assume only recent history. A short calm period is taken to project future ‘tranquility’ for more years. So, when a real market risk is present, the ratio of VAR to valuation of assets is low. Companies would consequently be compelled to leverage more when, in fact, they should not have. Till 2007, brokers kept increasing their portfolios of householder finance, apparently because there was apparently less risk. Just as the signal would have been to buy when prices were high, the now confusing indications, based on wrong models, led to prospects of selling when   the housing markets was turbulent. As result, brokers are left with assets of almost $300 billion of hung deals- householders had simply walked away. (King, 68-71) The Long Term Credit Management Crisis of 1998 Another example of the failure of valuation models and the intervention of leveraged funds this crisis had a major impact on global markets. Long Term Capital Management (LTCM), founded in 1994 by John Meriwether, decided to deal in US and other government bonds. The idea was that over time government bonds would be identical in value if released within short gaps of each other. The rate at which these bonds appreciated would be different as in the case of US government bonds which would rise in value faster. The profit would be taken from selling costlier bonds and buying cheaper bonds. The profits did come to such an extent that LTCM had to look around for areas to invest its capital .It went into risk arbitraging -this was outside their expertise. They had to resort to highly leveraged finance to sustain return on equity. Their equity was almost 5 billion dollars against borrowings of $125 million. The proceeds were also used in investing in equity derivatives. By end August 1997, the company had lost most of its capital due to some downtrends which its managers could not read earlier –specially the Great Asian Meltdown of 1997 – and still had to pay the huge borrowing costs. Leverage had doomed the company. The Dot Com Bubble Through the early 90’s and till the first years of 2000, information technology was surging forward on extremely encouraging forecasts about its future in the world. Entrepreneurs were able to float technology companies, financed by venture capital which was riding on the prospects of fantastic returns. No one realized that these companies had nothing up front to offer which could be valued in rational terms. Huge leverage was sought in order to follow this boom around the world. The bubble was pricked as fast as it had been blown up – and companies and capital vanished. (Lamb, 434-38) Works cited: Fletcher, Robert. Art of Financial Economics: Beliefs and Knowledge; Believing and Knowing. Christchurch: Howard & Price. 2006 Kar, Pranab. History of Modern American Finance. Kolkata: Dasgupta & Chatterjee 2005 King, Herbert. Fiscal Fitness Today Vol. IV Plymouth: HBT & Brooks Ltd. 2005 Lamb, Davis. Cult to Culture: The Development of Civilization on the Strategic Strata. Wellington: National Book Tru

Essay about Ethnic Differences Across Generations - 979 Words

Ethnic Differences Across Generations nbsp;nbsp;nbsp;nbsp;nbsp;Gish Jen’s â€Å"Who’s Irish?† explores a Chinese grandmother’s thoughts and beliefs about her ethnically integrated family. The grandmother tells the story as though she is looking back on past events and thinking about how they have affected her present life. As her tale begins, she identifies her granddaughter, Sophie, as a wild three-year-old (161). Perhaps the grandmother associates with Sophie’s strong will, because she reveals her own intense nature when she says, â€Å"I am hard work my whole life, and fierce besides.† (161). Jen provides an immediate glimpse into the grandmother’s true character that remains constant. As the grandmother recounts her time living with her†¦show more content†¦The grandmother is frustrated because she cannot get Sophie to stop taking her clothes off at the park (164). She declares, â€Å"John and my daughter agree Sophie is a problem, but they don’t know what to do.† (164). Subsequently, the grandmother offers the suggestion, â€Å"You spank her, she’ll stop† because she considers it acceptable based on her cultural background (164). However, John and Natalie are against spanking because they believe it gives children low self-esteem, and â€Å"In America, parents not supposed to spank the child.† (165). After many frustrating attempts to get Sophie to keep her clothes on, the grandmother spanks her anyway (165). Following that, Sophie keeps her clothes on in the park, but the grandmother does not reveal to Natalie how she succeeded in gaining Sophie’s compliance (165). This success leads to a short period of harmony between Sophie, the grandmother, and Natalie. nbsp;nbsp;nbsp;nbsp;nbsp;During this period of concord, the grandmother believes she can â€Å"help her [Sophie’s] Chinese side fight against her wild side.† (166). She does this by teaching Sophie good habits such as not eating food with her hands, not playing with garbage cans, and not hitting anyone (166). The grandmother continues to spank Sophie despite knowing that Natalie disapproves of this method of discipline. Clearly, the sixty-eight-year-old grandmother has been forced to rely on her own ethnic experience, which is that of a Chinese immigrant, to control herShow MoreRelatedHispanics and the Religious Landscape1167 Words   |  5 PagesCharismatic movements are a key attribute of worship for Hispanics in many of the major religious traditions — far more so than among non-Latinos. Moreover, the growth of the Hispanic population is leading to the emergence of Latino-oriented churches across the country . Although the vast majority of religious Hispanics identify as Catholic (Pew, 2007), a significant minority practice various Pentecostal faiths. Many of those are recent converts. The desire for a more direct, personal experience withRead MoreSubcultures and Subcultural Marketing1424 Words   |  6 Pagesthat is judged â€Å"unacceptable† or considered to be taboo. In addition to segmenting in terms of cultural factors, marketers also segment overall societies into smaller subgroups or subcultures that consist of people who are similar in terms of their ethnic origin, their customs, and the ways they behave. These subcultures provide important marketing opportunities for astute marketing strategists. So, now our discussion in this chapter on subcultures will be more focused compared to the other chaptersRead MoreMexican American, Chinese American And Vietnamese American1519 Words   |  7 Pages5 and second generation today in US. The majority of these immigrants come from the humblest sectors of their society on average they have only a few years of schooling or no schooling, limited urban job skills and little or no knowledge of English. Immigrants to the United States are usually called first-generation Americans, regardless of their citizenship status, and their children second-generation Americans. The difference between the pervious generation and second generation is that perviousRead More Researching the Asian American Culture Essay1636 Words   |  7 PagesThere are fundamental differences between Eastern and Western cultures and the meeting of these cultures has had several effects, both in Asia and here in the US. Overseas, you can see the juxtaposition of American pop culture on the older modes of Asian thought and society. Here, New Age religions find new excuses in Asian religions and philosophies and Anime is appears regularly on Saturday morning cartoons. Often, this juxtaposition becomes turbulent as the younger generations are caught betweenRead More Strength in Diversity Essay670 Words   |  3 Pagesalways seen any study of multiculturalism as an add-on. We had Black History Month, Spanish Heritage Day, and a Chinese New Year celebration. These activities often required some sort of project work. I had felt that sometimes the celebration of these ethnic holi days did not really provide a true learning experience. We were not really provided with the historical and cultural significance of the events. nbsp; Recently, however, in good part because of International Education I have seen a greatRead MoreThe Theory Of Social Class1128 Words   |  5 Pageslower class, yearning for luxury and wealth. Paris is a place where the upper (middle) class lives a comfortable life, and where she later has an affair with Là ¨on. Another factor influencing class identity is access to education, which is not equal across the classes. People from the upper classes will have no problem providing their children with an education. Whereas the working class might have difficulties, for example with sending their children to University. Another interesting aspect is theRead MoreMarketing Strategy : Healthy Food And Ethnic / International Food1607 Words   |  7 PagesThe Marketing Strategy Through my research and analysis on consumer reports and surveys, I demonstrated healthy food and ethnic/international food is becoming mega-trend in the current food industry. Despite the number of Korean restaurants and food products are limited, a variety of consumer surveys’ result reveal that Korean food is getting big and many young generations want to try more kinds of Korean food items. Given the good timing for Korean food restaurants or food brands to widen theirRead MoreMy Cohort Of The United States997 Words   |  4 Pagesour current generations and previous generations. Understanding generations’ differences can help us when serving the clients. Human service workers will be meeting clients not only from different cultures but also from different generation cohorts. Generation cohorts usually define as grouping people together who born 12-15 years apart and have common experiences. There are five generational cohort groupings: Silent Generation, Baby Boom ers, Generation X, Millennial Generation (Generation Y) (The UniversityRead MoreGreek American Ethnicity Among Age Cohorts Under Changing Condition1389 Words   |  6 PagesContemporary ethnic enclaves†. In the reading of the Greek community the examination and changing across the generation of Greek American ethnicity is the major theme and objective. Through a historical perspective, this chapter represents the history of Greek American immigration, waves of immigration, spatial distribution and percentage of their distribution in the United States. It is essential to mention, the suburbanization process in the urban area, identification of Greek ethnic landscapesRead MoreMulticultural Competence Of School Psychologists1031 Words   |  5 Pagessupport all students’ learning and development across ages and abilities. Twenty-first century American schools are changing in dramatic ways partly because of shifting demographics in rural and urban communities and in public and private educational institutions, as well as among students who are homeschooled. These changes have produced a new generation of multilingual, multiracial children with racial, ethnic, cultural, and li nguistic differences; multiple learning styles; native language learning;