VOLUME AND REVENUE PROJECT Research Paper Example | Topics and Well Written Essays - 250 words

VOLUME AND REVENUE PROJECT - Research Paper Example The costs are divided into fixed and variable costs. The marginal costs or the contribution is calculated by subtracting the variable costs from total revenues per unit. Medical spending with regards to private insurance spending is expected to grow in the year 2014 by an estimated 9.4% (National Health Expenditure Projections 2010-2020). Spending by the government is also expected to grow in Medicare and Medicaid by 6.2 and 300 percent respectively (National Health Expenditure Projections 2010-2020). Based on this estimated for the hospital to be profitable it either has to increase the volume of patients and or increase the revenue received per procedure. conservative figure for the projected revenue of $ 15,694,583, this is by using increments in number of procedures and cost per procedure to reflect the change estimates. The total expenses are estimated to be at $ 3,134,381 Looking at the expenses it could be noted that the physician contract services had a variance of -27.8% which affected the general result of the hospital. Other areas that should be focused on are the salaries and telephone costs. The hospital could consider employing more staff for its operations. National Health Expenditure Projections 2010-2020. 20 October 2013

Business Ethics in Bangladesh Essay Example for Free

Business Ethics in Bangladesh Essay Social responsibility requires individuals engaging in business endeavors to behave in an ethical manner. Ethics are principles of behavior that distinguish between right and wrong. Ethical conduct conforms to what a group or society as a whole considers right behavior. People working in business frequently face ethical questions. Business ethics is the evaluation of business activities and behavior as right or wrong. Ethical standards in business are based on commonly accepted principles of behavior established by the expectations of society, the firm, the industry, and an individual’s personal values. Critically, Business Ethics can be defined as the critical, structured examination of how people institutions should behave in the world of commerce. In particular, it involves examining appropriate constraints on the pursuit of self-interest, or (for firms) profits, when the actions of individuals or firms affects others. (9) With unethical business practices often receiving publicity, the public sometimes believe that people in business are less ethical than others in society. But ethical problems challenge all segments of our society, including government, churches, and higher education. Most business leaders realize their firms cannot succeed without the trust of customers and the goodwill of society. A violation of ethics makes trust and goodwill difficult to maintain. In thousands of companies, executives and employees act according to the highest ethical standards. Unfortunately managers in some firms behave unethically, and these instances are often highly publicized. Personnel executive say the major reason managers behave unethically is to obtain power and money. Business ethics is a wider term that includes many other sub ethics that are relevant to the respective field. For example there is marketing ethics for marketing, ethics in HR for Human Resource Department and the like. Business ethics itself is a part of applied ethics; the latter takes care of ethical questions in the technical, social, legal and business ethics. Origin of Business Ethics When we trace the origin of business ethics we start with a period where profit maximization was seen as the only purpose of existence for a business. There was no consideration whatsoever for non-economic values, be  it the people who worked with organizations or the society that allowed the business to flourish. It was only in late 1980’s and 1990’s that both intelligentsia and the academics as well as the corporate began to show interest in the same. Nowadays almost all organizations lay due emphasis on their responsibilities towards the society and the nature and they call it by different names like corporate social responsibility, corporate governance or social responsibility charter. Primary and Important Sources of Business ethics Ethics in general refers to a system of good and bad, moral and immoral, fair and unfair. It is a code of conduct that is supposed to align behaviors within an organization and the social framework. But the question that remains is, where and when did business ethics come into being? Primarily ethics in business is affected by the following sources – family, religion, culture, legal system, codes of conduct, and personal experience. It is for this reason we do not have uniform or completely similar standards across the globe. These factors exert influences to varying degrees on humans which ultimately get reflected in the ethics of the organization. For example, ethics followed by Grameen Phone Ltd. are different from those followed by Square Group or Unilever for that matter. Again ethical procedures vary across geographic boundaries. Family A person’s values is the source of their ethics, and it is their philosophy, spiritual or religious beliefs that usually help mold and shape those values, but most of all it is how a person is raised by his family that sets the foundation for his ethics in later life. It’s the basic source of business ethics. Religion It is one of the oldest foundations of ethical standards. Religion wields varying influences across various sects of people. It is believed that ethics is a manifestation of the divine and so it draws a line between the good and the bad in the society. Depending upon the degree of religious influence we have different sects of people; we have sects, those who are referred to as orthodox or fundamentalists and those who are called as moderates. Needless to mention, religion exerts itself to a greater degree among the orthodox and to lesser extent in case of moderates. Fundamentally however all the religions operate on the principle of reciprocity towards ones fellow beings! Culture Culture is a pattern of behaviors and values that are transferred from one generation to another, those that are considered as ideal or within the acceptable limits. No wonder therefore that it is the culture that predominantly determines what is wrong and what is right. It is the culture that defines certain behavior as acceptable and others as unacceptable. Human civilization is fact has passed through various cultures, wherein the moral code was redrafted depending upon the epoch that was. What was immortal or unacceptable in certain culture became acceptable later on and vice versa. During the early years of human development where ones who were the strongest were the ones who survived! Violence, hostility and ferocity were thus the acceptable. Approximately 10,000 year ago when human civilization entered the settlement phase, hard work, patience and peace were seen as virtues and the earlier ones were considered otherwise. These values are still in practice by the managers of to day. Still further, when human civilization witnessed the industrial revolution, the ethics of agrarian economy was replaced by the law pertaining to technology, property rights etc. Ever since a tussle has ensued between the values of the agrarian and the industrial economy! Laws or Legal System of a Country Laws are procedures and code of conduct that are laid down by the legal system of the state. They are meant to guide human behavior within the social fabric. The major problem with the law is that all the ethical expectations cannot be covered by the law and specially with ever changing outer environment the law and specially with ever changing outer environment the law keeps on changing but often fails to keep pace. In business, complying with the rule of law is taken as ethical behavior, but organizations often break laws by evading taxes, compromising on quality,  service norms etc. Business Codes of Conduct A business code of ethics is a series of established principles an organization uses when operating in business or society. Organizations often develop these codes to ensure that all individuals working in the company operate according to the same standards. Most individuals have an internal code of ethics or moral principles they follow in life. A situation one individual finds ethically reprehensible may not seem so to another individual. Using a code of ethics in business attempts to create a basic understanding of acceptable ethical behavior to be used when handling situations involving the company, government agencies and the general public. Past Experience If an individual is rewarded or is not punished for behaving unethically, the behavior will probably be repeated. This type of experience encourages other to do unethical things in future. Likewise the threat of punishment and the lack of reward for unethical activities encourage that particular person and all others to behave ethically. Factors Influencing Ethical Behavior To encourage ethical behavior, executives, managers, and owners of firms must understand what influences behavior in the first place. The several factors that affect individuals’ behavior in business: the business environment, organizational factors, and an individual’s personal moral philosophy. The Business Environment Almost daily, business managers face ethical dilemmas resulting from the pressure of the business environment. They are challenged to meet sales quotas, cut costs, increase efficiency, or overtake competitors. Managers and employees may sometimes think the only way to survive in the competitive world of business is by deception or cheating. In some instances, an organization may use someone else’s successful work without the permission of the owner or originator. Conflict of interest is another common ethical problem stemming from the business environment. Often an individual has a  chance to further selfish interests rather than the interests of the organization or society. To gain favor with people who make purchasing decisions for their companies, a seller may offer special favors or gifts, ranging from a metal to clothing to trips. Some offer cash-a kickback-for putting through a contract or placing orders with a company. Others offer bribes. Such illegal conduct will damage the organization in the long run. In order to limit unethical behavior, business firms must begin by expecting their employees to obey all laws and regulations. The international business environment presents further ethical dilemmas. Business people and government officials in different countries and cultures often operate according to different ethical standards. The Organization The organization itself also influences ethical behavior. Individuals often learn ethical or unethical behaviors by interacting with others in the organization. An employee who sees a superior or co-worker behaving unethically may follow suit. An organization can also use rewards to influence the behavior of its members. If an individual is rewarded or is not punished for behaving unethically, the behavior will probably be repeated. Likewise the threat of punishment and the lack of reward for unethical activities encourage ethical behavior. The severity of punishment also sends a message to other individuals who might be considering similar activities. The Individual Values A person’s own moral philosophy also influences his or her ethical behavior. A moral philosophy is the set of principles that dictate acceptable behavior. These principles are learned from family, friends, co-workers, and other social groups and through formal education. In developing a moral philosophy, individuals can follow two approaches: The Humanistic Philosophy focuses on individual rights and values. Individuals and organizations adopting this philosophy would honor their moral duties to customers and workers. Individuals and organizations following the Utilitarian Philosophy seek the greatest good for the largest number of people. Importance of Business Ethics Most of us would agree that it is ethics in practice that makes sense; just having it carefully drafted and redrafted in books may not serve the purpose. Of course all of us want to be fair, clean and beneficial to the society. For that to happen, organizations need to abide by ethics or rule of law, engage themselves in fair practices and competition; all of which will benefit the consumer, the society and organization. Primarily it is the individual, the consumer, the employee or the human social unit of the society who benefits from ethics. In addition ethics is important because of the following: 1. Satisfying Basic Human Needs: Being fair, honest and ethical is one of the basic human needs.  Every employee desires to be such himself and to work for an organization that is fair and ethical in its practices. 2. Creating Credibility: An organization that is believed to be driven by moral values is respected in the society even by those who may have no information about the working and businesses of that organization. British American Tobacco, for example is perceived as an organization for good corporate governance and social responsibility initiatives. This perception is held far and wide even by those who do not even know what business the organization is into. 3. Uniting People and Leadership: An organization driven by values is revered by its employees also. They are the common thread that brings the employees and the decision makers on a common platform. This goes a long way in aligning behaviors within the organization towards achievement of one common goal or mission. 4. Improving Decision Making: A man’s destiny is the sum totals of all the decisions that he/she takes in course of his life. The same holds true for organizations. Decisions are driven by values. For example, an organization that does not value competition will be fierce in its operations aiming to wipe out its competitors and establish a monopoly in the market. 5. Long Term gains: Organizations guided by ethics and values are profitable in the long run, though in the short run they may seem to lose money. For Example, Tata group, one of the largest business conglomerates in India was  seen on the verge of decline at the beginning of 1990’s, which soon turned out to be otherwise. The same company’s Tata NANO car was predicted as a failure, and failed to do well but the same is picking up fast now. 6. Securing the Society: Often ethics succeeds law in safeguarding the society. The law machinery is often found acting as a mute spectator, unable to save the society and the environment. Technology, for example is growing at such a fast pace that the by the time law comes up with a regulation we have a newer technology with new threats replacing the older one. Lawyers and public interest litigations may not help a great deal but ethics can. Business Ethics- Practice in Bangladesh In Bangladesh, though practice of Business ethics is still not so commendable in public sector and small companies, but business ethics has been an increasing concern among larger companies, at least since the 1990s. Major corporations increasingly fear the damage to their image associated with press revelations of unethical practices. The following information about the functions relating ethics and social responsibility of 2 reputed companies of our country will give a brief idea about the practice of Business Ethics in Bangladesh. ACI Limited Advanced Chemical Industries (ACI) Limited is one of the leading conglomerates in Bangladesh, with a multinational heritage. They have a mission to achieve business excellence through quality by understanding, accepting, meeting and exceeding customer expectations. They follow International Standards on Quality Management System to ensure consistent quality of products and services to achieve customer satisfaction. They are focusing on improving the food habit of consumers through providing more ready to cook products and ready to eat as well. Their visions are to establish harmonious relationship with the community and promote greater environmental responsibility within its sphere of influence. Their Values are Quality, Customer Focus, Fairness, Transparency, Continuous Improvement, and Innovation. Ethical Approaches: Societal Development through Educational Programs: ACI’s guiding principle in all its operations is to be a responsible corporate citizen. Thus Social Responsibility is a top priority for every individual at ACI. Their Initiatives and significant contribution to societal development is Continued Medical Education (CME) for medical professionals and Children’s Education Programs. ACI has also undertaken an English Education program in Faridpur, one of the remotest districts of Bangladesh. This provides support to teach English Language to school going children. Doctors in Bangladesh who are not living in the metropolitan cities have very limited access to the Internet or any other sources of information. In order to keep them updated on the developments in the medical practices regularly, the CME program has been proven highly effective. ACI believes that by promoting education of children, they are contributing to societal development by shaping the minds of their futur e leaders. Environment Friendly Practices: ACI has undertaken extensive programs to educate crop farmers all over rural Bangladesh in Good Agricultural Practices. They have a team of agricultural experts working at the field level all across the country, holding a range of technical trainings and field demonstrations. ACI also has similar education programs for animal and poultry farmers. These include, Technical trainings on diverse aspects of farming, and on application of new technologies, Farmers‘ group meeting for sharing of learning and experience, Free visits to farms by veterinarians, to identify problems and give advices to individual farmers. Most importantly, making the farmers aware of ways to protect the environment from hazardous uses of chemicals on their farms, allowing them the opportunity for informed decision-making. ACI hopes to continue to play a leading role in promoting greater environmental responsibility among farmers in Bangladesh. Unethical Approaches: ACI Company produces some products which do not work properly, like ACI Aerosol. It is mainly produced for killing mosquitoes, but that’s not true. Most of the mosquitoes go away for sometimes but not killed. Sometimes some  products like ACI Atta, ACI Maida, etc contains 1975 grams instead of 2000 grams but they fix their prices for 2kg of the products. These are unethical for their marketing practices. Unilever Bangladesh Limited Over the last four decades, Unilever Bangladesh has been constantly bringing new and world class products for the Bangladeshi people to remove the daily drudgery of life. Over 90% of the country’s households use one or more of Unilever products. They aim to give everybody a little something to celebrate about themselves every day. They believe that to succeed in business, it is essential to maintain the highest standards of corporate behavior towards everyone they work with, the communities they touch, and the environment on which they have an impact. Ethical Approaches: Effective Code of business principles: Their code of business principles describes the operational standards that everyone at Unilever follows, wherever they are in the world. It also supports their approach to governance and corporate responsibility. Code of business principles are- Standard of conduct, Obey the law, employees, consumers, shareholders, business partners, community involvement, public activities, the environment, innovation, competition, business integrity, conflict of interest, compliance, reporting, monitor. Women Development and Women Empowerment: Unilever strongly believes in the importance of empowering women in Bangladesh, because the progress of any society will be constrained if a significant part of its population is neglected and excluded from the benefits of development. They believe, with economic and educational empowerment, women can become more vocal about their rights and become stronger in withstanding repression in any form. So they have established â€Å"Fair Lovely Foundation†. The mission of this foundation is to encourage economic empowerment of Bangladeshi women through information and resources in the areas of Education, Career and Enterprise. It is this realization that has brought about the Fair Lovely Foundation Scholarship Program. Under this scholarship scheme, women who have passed their HSC each receives a Taka 25,000 scholarship to support her tertiary level education. Unethical Approaches: Unilever produces Fair lovely fairness cream, lotion, etc and they claim that skin color will be white after using this product. But that it is not true. There are no scientific values about whiteness. This is totally unethical performance in marketing activities of this company. Comparative Customer Evaluation on Ethical Performances of 3 Reputed Companies of Bangladesh Figure Customer Response on Maintenance of Ethical Procedure by the Companies (1) Figure Customer Response on Deceptive Practices Used by the Companies (1) Figure Customer Response on Significant Contribution toward Ethical Marketing (1) Figure Customer Response on Satisfaction through Using Products of the Companies (1) Figure Customer Response on Changing of Defective Products by the Companies (1) Bribery Nepotism- A Curse against Ethical Practice Corruption is a very strong example of unethical behavior and it is still prevailing in different business sectors of our country in the form of Bribery and Nepotism. Nepotism is the way in which someone approaches and compels a person of power and authority to take necessary steps to get his work done by capitalizing kinship, friendship or political lobbying. Bribery means offering gifts, money etc. to get a work done in unethical way. Often public officers are infamously alleged for taking bribes to award public contracts using their power. Bribery and Nepotism also exist in the corporate world, which is very harmful for ethical practices and creates hindrances in building proper and ethical business environment. Managing or Encouraging Ethical Behavior Managing the financial operations of a company can be a complex effort. Companies need to balance their desire to grow with the realities of maintaining their financial relationships, satisfying their investors and making a profit. Government Regulations: The government can do so by legislating more stringent regulations. But, rules require enforcement and when in many cases there is evidence of lack of enforcement even the ethical business person will tend to slip something by without getting caught. Increased regulation may help, but it surely cannot solve the entire business ethics problems. Trade Associations Setting Guidelines: Trade associations can and often do provide ethical guidelines for their members. These organizations within particular industries are in an excellent position to exert pressures on members that stoop to questionable business practices. Companies Providing Code of Ethics: Employees can more easily determine and adopt acceptable behavior when companies provide them with a code of ethics. Such codes are perhaps the most effective way to encourage ethical behavior. A code of ethics is a written guide to acceptable and ethical behavior that outlines uniform policies, standards and punishments for violations. Because employees know what is expected of them and what will happen if they violate the rules, a code of ethics goes a long way towards encouraging ethical behavior. However, codes cannot possibly cover every situation. Companies must also create an environment in which employees recognize the importance of complying with the written code. Managers must provide direction by fostering communication, actively modeling and encouraging ethical decision making, apart from investing in training employees to make ethical decisions. Whistle Blowing Technique: Sometimes, even employees who want to act ethically may find it difficult to do so. Unethical practices can become ingrained in an organization. Employees with high personal ethics may then take a controversial step called whistle blowing. Whistle blowing is informing the press or government officials about unethical practices in an organization. Whistle blowing could have averted disaster and prevented  needless deaths in the Challenger space shuttle disaster, for example. How could employees have known about life-threatening problems and let them pass? Whistle blowing on the other hand, can have serious repercussions for employees; those who make waves sometimes lose their jobs. Conclusion The main objective of business is to serve people with their every need for the well-being of human being and to ensure that, there is no alternative of following business ethics. Since the practice of business ethics in our country is still not ubiquitous, we are not getting the proper environment for the business, and thus often we are facing some crisis situation and it is hampering our total economic development. Our policy makers and the top executives of the organizations should give more concern in making ethical policies and take proper steps to encourage business executives and service holders to follow them. References 1) â€Å"Ethics In Marketing On Bangladesh Perspective: Study on Few Companies of Bangladesh†- collected from â€Å"World Journal of Management Volume 2. Number 2. September 2010†, the direct link- http://wbiaus.org/10.%20Tajmeela-FINAL.pdf 2) â€Å"Business for the 21st Century†- Skinner Ivancevich 3) â€Å"An Integrated Approach to Business Studies† (4th edition)- Bruce R Jewell 4) â€Å"Business Studies† (4th edition)- Dave Hall-Rob Jones-Carlo Raffo- Alain Anderton 5) www.managementstudyguide.com 6) www.smallbusiness.chron.com 7) www.cwafford.conveycontent.com 8) www.sagepub.com/upm-data/10923_Chapter1.pdf 9) www.businessethics.ca/definitions/business-ethics.html

Th Brain :: essays research papers

Your brain has two sides ,and each has a distinctly different way of looking at the world. The more we integrate those two sides, the more developed we make ourselves. Integration not only increases our ability to creatively solve problems, but to control physical problems such as epilepsy and migraines. Even more startling is evidence coming to light that we have become a "left-brain culture". Your brain's right and left side have distinctly different ways of looking at the world. Your two hemispheres are as different from each other as me to you. The left brain controls the right side of the body (the exception to this occurs with left handed people which is 15 percent of the population) and is logical scientific, judgmental and verbal. It's interested in the facts, and efficiency. The right brain controls the left side of the body and deals with the creativity and imagination. It is concerned more with the visual and emotional side of life. As you read, your left-side is sensibly making connections and analyzing the meaning of the words, the syntax and other complex relation-ships while putting it into a "language" you can understand. Meanwhile, the right side is providing emotional and even humerous cues, recognizing visual information and causing you to find humor or sadness. While all of this is going on, the two sides are constantly communicating with each other across a connecting fiber tract called the corpus callosum. There is a certain amount of overlap but essentially the two hemispheres of the brain are like two different personalities that working alone would serve no efficient purpose, but when functioning together bring all things into perspective. The most creative decision making and problem solving come about when both sides work together. The left brain analyzing issues, problems and barriers; the right brain generating fresh approaches; and the left brain translating the into plans of action. "In a time of vast change like the present, the intuitive side of the brain operates so fast it can see what's coming," says Dr. Howard Eisenberg, a medical doctor with a degree in psychology who has studied hemispheric relationships. "The left brain is too slow, but the right can see around corners." An increasing number of medical professionals believe that being in touch with our brain, especially the right half, can help control medical problems. For some doctors use "imaginable thinking" to control everything from migraines to asthma, to high blood pressure. It is said that by teaching someone to raise to raise their temperature - by imaging they are sunbathing or in a warm bath- they can control their circulatory Th Brain :: essays research papers Your brain has two sides ,and each has a distinctly different way of looking at the world. The more we integrate those two sides, the more developed we make ourselves. Integration not only increases our ability to creatively solve problems, but to control physical problems such as epilepsy and migraines. Even more startling is evidence coming to light that we have become a "left-brain culture". Your brain's right and left side have distinctly different ways of looking at the world. Your two hemispheres are as different from each other as me to you. The left brain controls the right side of the body (the exception to this occurs with left handed people which is 15 percent of the population) and is logical scientific, judgmental and verbal. It's interested in the facts, and efficiency. The right brain controls the left side of the body and deals with the creativity and imagination. It is concerned more with the visual and emotional side of life. As you read, your left-side is sensibly making connections and analyzing the meaning of the words, the syntax and other complex relation-ships while putting it into a "language" you can understand. Meanwhile, the right side is providing emotional and even humerous cues, recognizing visual information and causing you to find humor or sadness. While all of this is going on, the two sides are constantly communicating with each other across a connecting fiber tract called the corpus callosum. There is a certain amount of overlap but essentially the two hemispheres of the brain are like two different personalities that working alone would serve no efficient purpose, but when functioning together bring all things into perspective. The most creative decision making and problem solving come about when both sides work together. The left brain analyzing issues, problems and barriers; the right brain generating fresh approaches; and the left brain translating the into plans of action. "In a time of vast change like the present, the intuitive side of the brain operates so fast it can see what's coming," says Dr. Howard Eisenberg, a medical doctor with a degree in psychology who has studied hemispheric relationships. "The left brain is too slow, but the right can see around corners." An increasing number of medical professionals believe that being in touch with our brain, especially the right half, can help control medical problems. For some doctors use "imaginable thinking" to control everything from migraines to asthma, to high blood pressure. It is said that by teaching someone to raise to raise their temperature - by imaging they are sunbathing or in a warm bath- they can control their circulatory

Merger and Acquisition †Proposal Essay

Chapter -I Introduction Merger, corporate combination of two or more independent business corporations into a single enterprise, usually the absorption of one or more firms by a dominant one. A merger may be accomplished by one firm purchasing the other’s assets with cash or its securities or by purchasing the other’s shares or stock or by issuing its stock to the other firm’s stockholders in exchange for their shares in the acquired firm (thus acquiring the other company’s assets and liabilities). In a merger, institutions combine to form another different institution, which becomes a legal entity in its own right and therefore mergers are not instant events, they are processes .A merger cannot be considered as truly successful unless it also achieves employee satisfaction. This is vital to an organization as a whole. Employee satisfaction is very important and necessary in order to gauge the success of the company. Employee satisfaction reflects the degree to which individual‘s needs and desire are met and the extent to which this is perceived by other employees. Employee satisfaction is generally perceived as the scope of the work and all the positive attitudes regarding the work environment. In this, there are several words which have been describe the impact of merger in staff- †¢ Traumatic  Ã¢â‚¬ ¢ Disruptive †¢ Distressing †¢ Painful †¢ Uncertainty †¢ Loss in commitment †¢ Dampening on work motivation †¢ Shock †¢ Anger †¢ Disbelief †¢ Depression †¢ Anxiety †¢ Disappointment †¢ Disillusionment †¢ Withdrawal Thus Mergers have become a key part of many corporate growth strategies, with diversification being the primary reason for merging. Banks seek to diversify in order to reduce risks and increase returns, and geographic diversification, that is expanding operations into multiple locations, is used to obtain greater market power. Banks merge with other banks that have branch locations in multiple states in order to reach a larger customer base. The anticipated benefits are less competition and increased profits for the resultant bank. The corporate diversification strategy has led to an increase in bank Merger. The mainly purpose to conduct this study on merger and acquisition of banks and its effect on employee job satisfaction because there has been seen a big change in shape of merger activities after the big financial crises that effects the whole world business strategies in different mode so many employees getting jobless. Every segment of work or business and individuals of the nation is affected by the financial crisis due to the cycle of collecting deposits and lending money chain broken. Peoples do not have the power to save the money in the banks because of less profitability and more expenses that reduced the profitability of the banks too and let them to merge and acquisition themselves with another well-established bank that bear their costs and their existence too. During merger and acquisition activities lots of employees victimize in different terms. They suffer from the stiffed phase of their job. Most of the employee’s job satisfaction level goes ultimate down as they think they will be getting fired or jobless as new management would be come up with new teams of professionals and new procedure of working conditions in this way their morale level affected. Statement of the Problem Whether the banks are public or private the main thing is the success of their business and that depends upon its employees. If the employees are not satisfied from their job, working conditions, work culture, management they can never make the customers satisfied with better quality services. The purpose of this research is to know the effects of Merger on employee satisfaction. Recently, Machhapuchhre Bank Limited merged with Standard Finance and Himchuli Bikas Bank merged with Birgunj Finance, I believe that these institutions are perfect to understand the effects of merger on employee’s satisfaction. Identified Problems * To what extent does change impact on employee movement? * How satisfied are employees of these two banks with their current working environment? * What are the factors that affect employee satisfaction level during a merger phase? Research Objective Based on the above identified problems, the goals of this study are * To identify factors that affect employee satisfaction during a merger phase. * To measure the satisfaction level of employee after merger of bank. * To establish the extent to which employees are satisfied with their current working conditions. Chapter II Literature Review A number of researchers and theorists have been paying attention to know the satisfaction level of employee after merger of bank and institution. Many higher and further education institutions in South Africa are struggling to survive in a context of financial stringency, declining student enrolments and increasing competition, therefore for some of these institutions merging with other institutions in the near future is becoming a strong likelihood (Hay, Fourie & Hay, 2001:100). In an attempt to survive, institutions are reducing costs by cutting down on the number of faculties, redeploying staff and placing a moratorium on overtime pay, conference attendance, new appointments and new capital projects (Bott, quoted by Hay, Fourie & Hay, 2001:100). Hay, Fourie and Hay (2001:100) state that perceptions of employees who will be directly affected by the merging process seem to be very important, as knowledge and understanding of those perceptions will empower decision– makers and ensure that effective management of the merging process can be accomplished; therefore careful consideration needs to be given to particularly personal factors, and employee fears will have to be addressed in the process to ensure effective merging. According to Smit & Cronje (1995:307) when an organisation employs people, it is the manager’s task to diagnose the needs of its employees and formulate strategies to promote personal goal attainment. If workers are able to achieve their personal goals in the work situation, they will be prepared to render outputs that lead to the attainment of the organisation’s goal; therefore it follows that if the individual’s outputs are satisfactory, the organisation will reward him and this, in turn, will satisfy him. Strydom (2005) (as quoted in the Centre for Quality Management journal, S.a.), states that the level of satisfaction that a staff member feels will directly affect his work performance and attitudes, impacting on the company’s success. Strydom (2005) believes that an organisation’s primary objective is to determine the needs of its employees and the ways in which these can be satisfied, therefore research emphasizes the importance of the role that employee satisfaction plays in the success of an organisation. Strydom (2005) further states that organisations need to provide good recruitment strategies and induction processes, strong leadership, personal development opportunities, a positive work environment, recognition of a job well done and good communication to ensure that employees’ needs are met. Phillips Consulting (2005) points out that tackling issues such as employee challenges, motivation, career advancement, performance management and cultural issues are key to the success of any transformation exercise. The employee drives the process and strategy, not the other way round. Researchers have attributed the less than stellar record of M&A outcomes, in part, to how the integration of the participating firms affected the employees of the acquired company (Range, 2006; Schreyogg, 2006; Van Dick, Wagner, & Lemmer, 2004). Furthermore, research has shown that M&As can be a traumatic event in the lives of the individuals and organizations involved in the change. Many employees experience feelings of loss, resentment, and a decline in job satisfaction, and their reactions can lead to the failure of the M&A (Appelbaum et al., 2007; Cartwright & Schoenberg, 2006; Sperduto, 2007). Appelbaum et al. concluded that such human resources (HR) difficulties may add costs to the integration process and undermine the ability of a firm to achieve synergy, and thereby offset the hoped-for benefits of merging. Hunt and Downing (2006) concluded that, in the majority of successful mergers, the purchasers predicted that personnel problems would arise and acted quickly when such problems surfaced. Thus, understanding the job facets that lead to positive job satisfaction may help other business leaders deploy strategies that could increase their chances for achieving successful mergers.

Online Shopping versus Retail

I will be showing you the comparison and contrast between online shopping and going to an actual retail store. When you sit and think about it, there are many differences between the two, but which of the two would you find more convenient and save you the most money. Many consumers have their very own preference when it comes to shopping. When I think about the two, I find online shopping a bigger advantage, and also a wider variety of items I may not find in a retail store while walking around.The benefits of online shopping and what it offers to our consumers. With the click of the mouse all your Christmas shopping can be done – now all we have to do is teach our computers to wrap them as well. Thanks to the internet and online stores we can shop in any store, anywhere in the world from the comfort of our home, without the hassle of crowds, queues and parking. While there is a strong online presence, shoppers still love hitting the stores for experience of Christmas gift gi ving.Brands Exclusive and Living Exclusive head buyer Garth Allan said online shopping has definitely become the new trend in retail. Brands Exclusive is Australia's leading online shopping club and offers savings of up to 70%off RRPs for more than 800 international and Australian brands. More than 80,000 new members are joining each month with two million Australian members overall.Brands Exclusive recently launched an iPhone app and iPad app for members to gain access to sales anytime. â€Å"Browsing and buying in the store can be a very time consuming process, especially if you have a busy schedule as it. Online stores such as Brands Exclusive are accessible any time of the day or night offering genuine products at significantly Compare and contrast essay over online shopping verses retail shopping PG 3. reduced prices.â€Å"Online retailers also provide access to a broad range of brands and products in one place, making it much simpler for shoppers to browse and buy. † à ¢â‚¬Å"Today, people really value the time and effort saved from being able to purchase products at the click of a button verses going to a store. † He said because of that online shopping was a key part of the retail sector and was set to grow 14. 1% to $26. 9 billion by 2016, according to PWC's 2012 Australian and Bew Zealand Online ShoppingRetail shopping and the many benefits it offers to our consumers. Consumers have become increasingly sophisticated and demanding with the availability and abundance of products, services, information, technology, as well as retail stores and channels (Terblanche and Boshoff, 2004). From the consumer's viewpoint, obtaining value is a fundamental consumption goal and pivotal to all successful exchange transactions (Holbrook, 1994).In response, many retailers are seeking to turn shopping into a high-value pursuit and are highlighting consumer value as an important source of competitive advantage (Woodruff, 1997). Despite the importance of val ue in creating consumer shopping experiences, existing literature on shopping value is limited. Researchers have conceptualized consumer shopping value from different perspectives and disagree upon dimensions of shopping value. Therefore, an in-depth understanding of consumer shopping value is needed.This research seeks to understand consumer shopping value and its dimensions from a holistic view by connecting shopping motivations and processes to the ultimate outcome of shopping through exploring consumers' shopping experiences in two major shopping contexts: department stores and mass merchandisers. Department stores and mass merchandisers are of interest because they have reigned as primary retailers in the U. S. and have had a significant impact on the retail marketplace due to their size, longevity, national profile and large Compare and contrast essay over online shopping verses retail shopping PG 4.number of consumers they serve (Wellman, 1980 and Rabolt and Miler, 2009). Dep artment stores are large retail units, such as Macy's, Dillard's, and JCPenney in the United States, which generally carry an extensive assortment of merchandise organized into separate departments (Rabolt and Miler, 2009). Mass merchandisers are large retail discount stores such as Wal-Mart, Kmart, and Target, which serve the mass market (Rabolt and Miler, 2009).Department stores and mass merchandisers have applied different merchandising strategies and focused on different value propositions. Department stores emphasize fashion goods with higher markups, extensive service, and a pleasant shopping experience with the value propositions of entertainment, service, and scale. Mass merchandisers, on the other hand, offer a broad range of merchandise at lower prices, provide limited service, and tend to focus on moving merchandise quickly with the hallmark value propositions of low price and shopping convenience.Therefore, comparing consumer shopping experiences at department stores and mass merchandisers may capture key dimensions of shopping value in the retail marketplace and can shed light on the relationship between retail formats and the type of shopping value that consumers gain. Consumer shopping value: An investigation of shopping trip value, in-store shopping value and retail format Journal of Retailing and Consumer ServicesWhen you compare the two, you see that they both are a shopping experience that is a preference to one person. If you think of a difference in the two, one is online with modern technology in the comfort of your home or office and retail shopping requires you to drive your car, fight with crowds, search for parking, and stand in long checkout lines. Compare and contrast essay over online shopping verses retail shopping PG 5. In conclusion you can see by the compare and contrast there were several advantages and dis-advantages of the two.In my personal opinion I would consider the retail for my groceries and small trips for the necessa ry items that I may need to get by. When I am searching for a gift I usually turn to the internet, because it allows me to browse many stores and sites to find the bargains and pricing in my budget that I am willing to spend towards my purchase. I have got great bargains at retail shops and stores in the past. An example was recently on black Friday, I went to our local Wal-Mart and it was so overcrowded and long checkout lines I wished I would of reconsider that trip I made, but I was able to by many Christmas presents at a bargain price.