‘George’s Trains’ Working Capital Essay

George’s Train Shop is a family owned business that focuses on the sales and repairs of train toys. George is running a profitable business, but as he is aware of my MBA Managerial Finance class, he has asked for advice on his working capital practices. Although George is currently enjoying the benefits of a profitable business, there are opportunities for him to expand his business ventures. This first starts by dissecting degree of aggressiveness in working capital practices, current capital budgeting practices, and areas where he can improve in both arenas. In addition, careful management of the company’s cash flow will allow George’s Train Shop to explore other business opportunities for growth as well as flourish with increased.Alshubiri investigated the relationship between the aggressive/conservative working capital policies and the impact on profitability and risk. The study indicated a negative relationship between the profitability measure of firms and banks and degree of aggressiveness of working capital investment and financing policies (2011). Aggressive working capital policy is one in which you try to squeeze by with a minimal investment in current assets coupled with an extensive use of short-term credit. Conservative working capital practices are those in which companies assure plenty of cash in the bank, warehouses are full of inventory and payables are all up to date (Bank, n.d.). In an attempt to cut expenses to a minimum, George’s Train Shop owner, George Olieux, manages working capital by keeping few inventory and reordering inventory when only 1 product model is left on shelf (Intelecom, n.d.). According to Bank, as you tighten inventory, your sales and accounts receivable might swoon because you could run short on product. Inventory shortages might result in lower revenue and collections as competitors with well stocked inventories steal your customers (n.d.). Moreover, you risk default and bankruptcy as you adopt more aggressive working capital policies, as tight inventories can lead to shortages and lost sales. Firms with aggressive working capital policies, such as George’s Trains Shop may not be able to generate more returns on assets by following aggressive approaches towards short term assets and liabilities. Capital Budgeting refers to the process in which a  business determines whether projects are worth pursuing (Byrd, 2012); however, because the amount of capital available at any given time for new projects is limited, management needs to use capital budgeting techniques to determine which projects will yield the most return over an applicable period of time (Investopedia, n.d.). When Olieux acquired the business, it was heavily dependent on sales of classic Lionel trains, but when demand dropped, he had to make capital budgeting decision and invest in new product lines (Intelecom, n.d.). George Olieux explored other product opportunities by analysis of trends in the market. Because smaller trains and race cars were gaining popularity, Olieux decided to start selling race cars and smaller train models. The ability to identify which assets are expected to add value to the firm is central to the financial management role (Byrd, 2012). George’s capital budgeting technique included observation of market trends and pursuing assets, such as race cars and small trains, that were trending at the moment. Since George did not use popular methods of capital budgeting, including net present value (NPV), internal rate of return (IRR), and payback period, George had to take a conservative route by first exploring the success of just one race car product line. A potential pitfall George uses in current capital budgeting practices is the lack of a sophisticated measure of capital budgeting, such as the net present value. Such methods can measure which projects can add value to the business as well as compare various investments to one another. The Net Present Value method measures the dollar added value the investment will bring to the firm. It is calculated by taking the present value of future cash flows minus the initial investment (Byrd, 2012). George has statements from previous years that document cash flows and bu siness cycle trends. These statements include the timing and magnitude of cash flows, which include increased cash flows in the summer due to tourism, and reduced cash flows during income tax time. Using previous cash flow statements can help anticipate and calculate future cash inflows of a potential investment, such as the purchase of a Race Car or small train line, and can provide George with an accurate picture of the project’s Net Present Value. The lack of a cash cushion is one primary reason small businesses fail; therefore for small businesses, it is important to understand and manage the company’s cash cycle (Byrd, 2012). The cash flow statement records the amounts of cash  and cash equivalents entering and leaving a company, and includes three components by which cash enters and leaves a company: core operations, investing, and financing (Heakal, 2010). The operations section of the Cash Flow statement would include changes made in cash, accounts receivable, depreciation, inventory, and accounts payable (Heakal, 2010). This would include purchases of inventory and the sales of products/services. George keeps inventory levels to a minimum as an attempt to keep cash spending at a minimum, so frequent purchasing and selling of inventory is observed. The investing section of the Cash Flow statement would include George’s investment in acquiring the lease for the building and business, while the financing section includes loans for purchasing the business and interest paid on those loans. A company can use a cash flow statement to predict future cash flow, which helps with matters in budgeting (Heakal, 2012); therefore I recommend that George use the business’ cash flow statement in evaluating capital budgeting projects, such as the addition of Race Car and small train product lines, as well as other potential ventures. Moreover, I recommend George use the statement of cash flow to understand how much cash is generate and how much of that cash stems from core operations, such as the sale of specific product lines or the repair services offered. The management of cash is necessary to start, operate and expand a business. Before George can expand his business, he must prove to potential investors not just the profitability of the business, but the ability to pay short term obligations. By using sophisticated capital budgeting methods, such as the NPV, George can accurately asses the value added from potential investments. Through careful managing of cash flow statements, George has the potential to not just pay off short term obligations, but expand business ventures. Resources Alshubiri, F. (2011). The Effect of Working Capital Practices on Risk Management: Evidence from Jordan. Global Journal of Business Research, 5(1), 39-54. Bank, E. (N.D.). Aggressive vs. Conservative Working Capital. Retrieved on 9/5/2013, From website: http://smallbusiness.chron.com/aggressive-vs-conservative-working-capital-65216.html Byrd, J., Hickman, K., & McPherson, M. (2012). Managerial Finance. San Diego, CA: Bridgepoint Heakal, R. (2010). What is a Cash Flow Statement? Retrieved on 9/8/2013, from website: http://www.investopedia.com/articles/04/033104.asp INTELECOM. (Producer). Management of Working Capital Case Study: â€Å"George’s Trains†. [Video File]. Retrieved from the Intelecom Video Library. Investopedia (n.d.). Definition of ‘Capital Budgeting’. Retrieved on 9/6/2013, from website: http://www.investopedia.com/terms/c/capitalbudgeting.asp Palani, A. A.. & Mohideen, A. (2012). Impact of Aggressive Working Capital Management Policy on Firm’s Profitability. International Journal of Research in Commerce And Management, 3(3), 49-53.

Information System Audit in Indian Banks

Information itself is an important asset in today’s business. If information is lost, modified, misused huge loss can occur to business. Hence information security becomes important for any business. Information system in business including that of banking is becoming technology oriented. Computers are being used in all the areas of business including that of financial accounting. Internal controls used in a Computerized Information System (CIS) environment should aim at information security also. This aspect of internal control is mostly overlooked in a Financial Audit where evidence collection and evaluation is more important. Audit provides the assurance to stakeholders of business. Assurance provided by a financial audit is about financial statements, which are relied upon and based on which decisions are taken by many stakeholders. However there are risks associated in any business, which is not highlighted in a financial audit. Operational Risk and Audit For example Basel II Accord mentions of ‘operational risks’ that are due to failure of system, process, procedure and human action/inaction (fraud) and legal restrictions, etc. in the operation of banks, some of which are not dealt in financial audit. The Basle committee has identified people, processes, systems and external events, as potential hazards for operations. Inadequacy and failure of any of them can result into events, which cause losses. Every business has to identify events of their relevance. The events may be similar in the same industry, but vary from an organization to organization. The whole exercise of the operational risk management is to identify potential events, which are likely to cause losses. Here is a list of some of the events, which could lead to operational risk (non exhaustive): Technology error Fraud and theft  Legal, Regulatory non compliance, Transaction risk Processes, people and systems are closely linked with information systems. Even measurement and recognition of external events need information systems. Therefore, under the new Accord, the job of an audit and control practitioner shall become more onerous and challenging. Therefore a financial audit cannot assure that the information system is foolproof as financial auditor is not expert in information technology. Hence an expert should provide an opinion that information system is risk-free. This is where Information System Audit (IS Audit) comes into picture. Meaning of IS audit Information systems audit is a part of the overall audit process, which is one of the facilitators for good corporate governance. While there is no single universal definition of IS audit, Ron Weber has defined it as â€Å"the process of collecting and evaluating evidence to determine whether a computer system (information system) Safeguards assets Maintains data integrity Achieves organizational goals effectively and Consumes resources efficiently. † Key Challenge in IS Audit IS audit often involves finding and recording observations that are highly technical. Such technical depth is required to perform effective IS audits. At the same time it is necessary to translate audit findings into vulnerabilities and businesses impacts to which operating managers and senior management can relate. Therein lies a main challenge of IS audit. Scope of IS Audit IS auditing is an integral part of the audit function because it â€Å"supports the auditor's judgment on the quality of the information processed by computer systems. † Initially, auditors with IS audit skills are viewed as the technological resource for the audit staff. The audit staff often looks o them for technical assistance. Within IS auditing there are many types of audit needs, such as Organizational IS audits (management control over information technology), Technical IS audits (infrastructure, data centers, data communication), Application IS audit (business/financial/operational), Development/implementation IS audits (specification/ requirements, design, development and post-implementation phases) Compliance IS audits involving national or international standards. The IS auditor’s role has evolved to provide assurance that adequate and appropriate controls are place. Of course, the responsibility for ensuring that adequate internal controls are in place rests with management. Audit’s primary role, except in areas of management advisory services, is to provide a statement of assurance as to whether adequate and reliable internal controls are in place and are operating in an efficient and effective manner. So, whereas management is to ensure, auditors are to assure. The breadth and depth of knowledge required to audit information technology and systems is extensive. For example, IS auditing involves the: pplication of risk-oriented audit approaches use of computer assisted audit tools and techniques(CAATs) application of standards (national or international) such as ISO-9000/3 to improve and implement quality systems in software development understanding of business roles and expectations in the auditing of systems under development as well as the purchase of software packaging and project management Evaluation of complex Systems Development Life Cycle (SDLC) or new development techniques (e. g. , prototyping, end-user computing, rapid systems or application development). Evaluation of complex technologies and communications protocols involves electronic data interchange, client servers, local and wide area networks, data communications, telecommunications and integrated voice/data/video systems. Elements/components of IS Audit An information system is not just a computer. Today's information systems are complex and have many components that piece together to make a business solution. Assurances about an information system can be obtained only if all the components are evaluated and secured. The proverbial weakest link is the total strength of the chain. The major elements of IS audit can be broadly classified: Physical and environmental review–This includes physical security, power supply, air conditioning, humidity control and other environmental factors. System administration review–This includes security review of the operating systems, database management systems, all system administration procedures and compliance. Application software review–The business application could be payroll, invoicing, a web-based customer order processing system or an enterprise resource planning system that actually runs the business. Review of such application software includes access control and authorizations, validations, error and exception handling, business process flows within the application software and complementary manual controls and procedures. Additionally, a review of the system development lifecycle should be completed. Network security review–Review of internal and external connections to the system, perimeter security, firewall review, router access control lists, port scanning and intrusion detection are some typical areas of coverage. Business continuity review–This includes existence and maintenance of fault tolerant and redundant hardware, backup procedures and storage, and documented and tested disaster recovery/business continuity plan. Data integrity review–The purpose of this is scrutiny of live data to verify adequacy of controls and impact of weaknesses, as noticed from any of the above reviews. Such substantive testing can be done using generalized audit software (e. g. , computer assisted audit techniques). It is important to understand that each audit may consist of these elements in varying measures; some audits may scrutinize only one of these elements or drop some of these elements. While the fact remains that it is necessary to do all of them, it is not mandatory to do all of them in one assignment. The skill sets required for each of these are different. The results of each audit need to be seen in relation to the other. This will enable the auditor and management to get the total view of the issues and problems. This overview is critical.

Celia, a Slave Book Review Essay

Celia, A Slave is a story that takes many different historical facts from the era that the book was placed in, and uses a slave named Celia’s story to tie them all in and show how these events that didn’t directly affect her, would indirectly affect her, and the other slaves in this time as well. The author, Melton A. McLaurin, not only wrote the story of Celia in his book, but he also focused on other historical events taking place at the time to support his thesis that Celia’s case demonstrated what was happening on a global scale. He used facts such as the slave revolts in Haiti and the Dred Scott decision to make a case on why things were so hard for slaves at the time in the United States, and how they affected Celia, and her case. McLaurin also used different people and organizations like the Border Ruffians and the Massachusetts Emigrant Aid company to show the culture and society of the time and place of Celia’s story. The slave revolts in Haiti would indirectly affect Celia. Because the slaves revolted in Haiti, and actually won, it came as a wakeup call to the southerners. They knew that the slave population outnumbered their own, and if they revolted against them, they weren’t sure if they would be able to stop them. This made the Southerners even stricter when it came to slavery, and less lenient when it came to any types of escapes, or breaking of laws. This made it impossible for the jury in Celia’s murder case to believe that it she truly killed him in self-defense. The Dred Scott decision would directly affect her, because of the fact that the decision was still valid, and she, along with all the other slaves, weren’t protected by the U.S. Constitution, and were not considered U.S. citizens. This ruled out any argument that John Jameson, and the rest of her defense, would come up with arguing her constitutional rights. Instead, they brought up things like, how it would’ve been possible for her to kill a man of his size, and how it was possible that the body would’ve been completely disseminated in a fire in a matter of hours. Thomas Shoatman also tried to testify that after she striked Newsom the first time â€Å"he threw his hand up to catch her†, but the judge sustained prosecution objections to the defendants testimonies, because a majority of the jury and the judge himself were all slave owners. This even came as a problem for John Jameson at first, because he was defending a slave when he had some himself. The t hing that really allowed him to relate to Celia though, was the fact that he had a daughter, and he wouldn’t have wanted the same injustice fall on her if the roles were reversed. The Border Ruffians showed the culture and society of the time in Missouri. The border ruffians would cross over into Kansas and vote for all things pro slavery related, and would beat Kansas citizens into voting for pro slavery as well. This was an example of the people that resided in Missouri, and how intent they were on making slavery legal in as many states as possible. The Massachusetts Emigrant Aid Company also showed the culture of the time, but from the aspect of people who didn’t want slavery. The company took advantage of the Kansas Nebraska Act to try and get anti-slavery supporters to settle in the Kansas territory, to try and make it a slave free state. The company was crucial in settling Kansas, and making it a free slave state. The book was a good read, though a bit repetitive at times, and educated the reader about different issues at the time of Celia’s case that would affect her, and also affected slaves lives in at the time. It also would educate the reader to what it was like to live in the time of Celia’s case, and get an insight on what it was like for her, and others.

The Impact of the Internet on Traditional News Media Research Paper - 1

The Impact of the Internet on Traditional News Media - Research Paper Example Introduction The widespread use of internet has drastically changed the conventions of different news media. The cyber world has hastened the pace and spread of news in an amazing manner which downgraded even the scope of scoops. The advent of internet has thus marked a lot of changes in news media and subverted even the concepts of news upside down. The impact of internet on TV and Print media The vast and ever spreading world of cyber space contributed a lot to the growth of news media and triggered a revolution in the field of communication system. For a journalist, let him associate with either print media or visual media, internet is a powerful source to collect news. In olden days, as we know, the exchange of messages was carried out by the so-called messengers. Later postal system came into exist which made the communication system a little bit comfortable to share something between two people of different corners. The inventions of telegraph and wireless technological system opened the new vistas of exposition and exchange. In modern epoch, for any person who wants to know more about a topic or a news event can easily find out the detailed information by logging on websites. Thus, internet is undoubtedly a good source of news for both the reader and the journalist. In olden days the prime source of news for the newspapers was only the reporters deployed in the diffe rent places.

Psych100 Essay Example | Topics and Well Written Essays - 500 words

Psych100 - Essay Example The graver side effects of the drugs include lowered life expectancy, fidgeting or pacing, weight gain, trouble with muscle control, shuffling and tremors of the feet, muscle cramps or spasms in the neck and head, and a myriad of â€Å"negative† symptoms (Grohola para 8). Other side effects that occur due to prolonged use of the drugs include grimacing, facial ticks, lip licking, thrusting and rolling of the tongue, and panting (Grohola para 9). Newer antipsychotic medications include Zyprexa, Seroquel, Clozaril and Risperdal. Some of these drugs work on both the negative and positive symptoms of the disease as they work on the both the dopamine and serotonin receptors. By acting on the serotonin receptors, the drugs deal with the negative symptoms of the disease. Atypical antipsychotics treat a wider range of symptoms medications in this category including Abilify, Risperdal, Geodon and Zyprexa among others (Groholb para 4). Atypical antipsychotics work more like the conventi onal drugs but are less likely to cause in patients extrapyramidal motor control disabilities. Paranoid personality disorder – People who have this disorder are normally irrationally suspicious and distrustful of other people, always believing that they are always in danger (Mentalhealth para 1). Those with the condition are also hypersensitive, habitually scanning their environment for suggestions or clues to make valid their biases or prejudicial notions. People who have Schizoid personality disorder generally have no interest in social relationships (Schizoid 237). They see no value in sharing time with others. The disorder is also characterized by emotional coldness, solitary life and secretiveness. People with antisocial personality disorder persistently disregard the law and therefore like to infringe on the rights of other people (Moeller and Dougherty 35). Other characteristics of this order include persistent stealing or lying,

What are the main features of British conservatism Essay - 2

What are the main features of British conservatism - Essay Example In chorus, the ideology of a well- established central governing authority that was proposed by early traditional conservatives became an important aspect of the liberal mind. Secondly, there exists an internal heterogeneity in the political philosophy of conservatism that entails a number of aspects but is summarized under one feature that is the stabilization and justification of strong social structures. Those that bear the ideology of conservatism are the social groups and classes that concentrate on preserving the customary social order or its establishment. There are two philosophical formations in the structure of conservatism. One focuses on the opposing political trends and forces while the other focuses on preservation of the social structure in its original form. In this situation conservatism is a political philosophy that justifies the present order and appeal to the lost (Clarke, 1996:18). Various directions of conservatism share common features. For instance, the existence of well- established social structures and institutions, recognition of global morals and religious beliefs, belief in the natural equality of men, the flawed human nature and the limited capabilities of the human mind. Many individuals consider British conservatism as a British national characteristic that is likened to everything English. Conservatism is characterized by the highest expression and perfection and it is basically a conventional political ideology in Britain. The English parliament is known to have come up with a number of political definitions such as the popular difference between right and left (Clarke, 1996:78). British conservatism understands that human nature is imperfect for political institutions and is implemented in the following important approaches. Firstly, the mentality of conservatism is the same as that of traditionalism. Secondly, preference of incremental is radical changes.

Art History Project Assignment Example | Topics and Well Written Essays - 750 words

Art History Project - Assignment Example This is because some symbolic pieces of the art play a single or multiple importances in creating a formidable icon, for either unifying the communities or prohibiting immoral actions in the societal living (Penelope 10-360). Therefore, this paper aims at demonstrating the way art fostered peace and security through conflict and violence management in the turbulent world. One of the major pieces of art used in the earlier times was the architecture, which involved the process of designing, planning, and construction. The nature of the physical buildings and other physical structures had their own meanings. The material notion of the building structures were perceived to be the cultural symbols and more so, the art work. Different historical civilizations were mostly identified by their way of architectural advancements in order to survive the strength of their practices. This is because different civilizations were also competing with rival territories even in terms of architectural advancements such as designs and making plans for their structures. Another piece of art was the dances. Every early civilization had their own style of dancing, which could be uniquely identified by other communities or societies. The dance is a form of art that involves the body movement, often rhythmic to music. It is mostly performed by different cultural diversities for social interactions, expression of emotions, for exercise, performance, or spiritual settings. The dancing was also performed to tell the stories or express the ideas. The dancing styles were used in historical civilizations to show moral sensibilities, cultural and social norms, or even being only artistic. The dancing were always performed in ceremonies in a given cultural practices including the solving of conflicts and disputed. In some cultural diversity, dancing was used to unite the civilization, and every dancing style had its symbolic meaning that an enemy could not understand. The third piece of art th at was used to ensure peace and security in various conflict societies is sculptures. Sculptures are modeled or carved structures that are mostly made of stones, ceramics, wood, and metal that represents the surviving works, that were used to express the political and religious phenomenon. During the Middle Ages and Gothic, the sculptures represented the passions and agonies of Christian faithful in order to live peacefully on one another. The scriptures united the all Christian faithful across the world, and acted as a single symbolisms of being a follower of Christ. The other piece of arts that was used to unite the conflicting world was the music. Music is a form of art where the sound and silence was its medium. Their elements were rhythms, pitch such as harmony and melody, dynamics, and other qualities of texture and timbre. The music performance, creation, significance, and the definition differed according to the social and cultural contexts. The music or the melodies in anci ent societies ensured a single society since every community had their own musical melodies, and each had a unifying influences. The fifth piece of art that ensure a unified societal living among the communities is the painting. Painting is a practice of coloring or applying pigments or rather paints. Moreover, the paintings were also commonly used in outside art in trade among the builders and craftsmen. It

Organizational culture is fundamentally about symbolic meaning and as Essay - 8

Organizational culture is fundamentally about symbolic meaning and as such cannot be managed. Discuss - Essay Example The management team should use harmonious management skills to ensure the diversity is well utilized for the benefit of the organization. This work entails whether organizational culture is manageable or not. Organizational culture management means leaders picking and encouraging fruitful behaviors or human characteristics within the organization. They are meant to evaluate the existing culture then make comparisons with attributed or desired culture to meet the organization’s objectives. But first, the leaders ought to understand such goals or objectives then identify best cultures to meet them (Cox, 2003). The two tasks require special skills since any faulty move may see the whole plan ruined. The existing organizational ideas or norms should be critically analyzed to determine their certainty. The management ought to conduct a departmental survey where each organizational member is engaged in some interviews to verify their perceptions on the existing culture. The finding should be used to make necessary changes or adjustments to improve the organizations’ productivity. These amendments should be done in such away that organizational members have humble time to adjust to them. Top management leaders can encourage their subjects to work in defined groups/ teams then monitor or supervise them. Team work requires workers to interact and communicate in harmony to increase their productivity. This is majorly applied in technological, medical, business and research oriented fields. Team work has got several advantages, for instance, it is associated with great achievement. Working as a team would ensure the task is completed successful since there are several eyes to spot any mistake and rectify it. Each member may have a personal alternative to be analyzed before the best is implemented. It is also associated with self-improvement or appreciation. Working as a team creates flexibility and adaptability among workers (Bell, 2006). One may learn new i deas from a team mate and with time, such experience may help one rise in rank within the organization. Furthermore, team work can enable one learn different skills in a single set up; hence one can handle emergencies should other team mates be held up in other duties. Appreciating each team member is a kind of motivational scheme, hence increased productivity. It helps workers resolve their conflict as they work in the team, furthermore, the aspect of sharing idea would compel them appreciate each other to an extent that they can stand for one another in case of a certain crisis within the organization Management team can use defensive methods to ensure organizational members strictly adhere to some stipulated rules, beliefs, language and dress code among other organizational aspects. Any deviation from the above may lead to suspension, expultion and demotion among other sort of punishments. Members are compeled to act or behave in a certain way for some safety within the organizat ion. Here workers are under some pressure to avoid some mistakes that jeopardize their terms of being in the organization. Defensive management is applicable in educational institutions, private and governmental work places, military organizations and religious organizations among others. Organizational members tend to violate their personal believes or principles just to please their bosses. This kind of management has got some advantages, for i

Documented paper Research Example | Topics and Well Written Essays - 1000 words

Documented - Research Paper Example This situation is in sharp contrast to the denizens of rich states like   America who not only have more then enough food for their consumption but waste a great deal of it too. Many reasons have been give to explain away the food crisis some of which include weather conditions, increased demand attributable to an ever increasing population and for many speculation on food commodities has contributed to fluctuating prices which have nothing to do with real demand or supply of the commodity. For example the present Pope expressed his anger over food speculation which he feels is responsible for the food crisis. Also contributing to the crisis are serious concerns over the food supply. Over the past few years bumper crops meant that farmers had been getting underpaid for their product due to the overwhelming supply. Because of this problem many farmers decided to switch from food production to utilizing the land for something else. For example in India a major controversy was generat ed by the utilization of land for production of bio-fuels which were offering higher returns to farmers and resulting in higher export earnings, however this bio-fuel production carried with it the opportunity cost of lost food production. Food demand has been increasing in demand one because of the population growth specifically in developing nations and also increasing disposable incomes. It will become a matter of more and more concern to ensure that food production and distribution is designed to match this population expansion and that no communities or countries fall through the cracks. The impact of side-lining this issue and ignoring the impact that it can have on domestic and eventually global, political and economic scenarios is a potentially dangerous one. As the draft document developed by a high level task force setup to resolve the global food crisis explains ‘High food prices are estimated to be driving over

Analysis of Family Conflict Case from a Legal Pointview Study

Analysis of Family Conflict from a Legal Pointview - Case Study Example The fact that the defendant is not associated with Caroline in any way is immaterial, from the point of view of her request for the Court's protection, although it has been seen that the law has a distinctly favourable disposition towards married couples in such instances of grant of injunctions orders since a greater degree of clarity is available in such relationships as compared with lesbianism, homosexuality or  other forms of cohabitation among consenting people. These actions of Gary cannot be termed as physical violence or even threats of violence, but, nevertheless it does constitute molestation, even in the absence of violent acts, or deemed violent actions. In Johnson -v- Walton (1990) FLR 568, the Court ruled that "any conduct which could properly be regarded as such a degree of harassment, as to cause for the intervention of the Court " could be termed as acts of harassment. In this case, soon as the relationship between Miss W and Mr J ended, pictures of Miss W in a semi-nude state appeared in the press. According to Miss. W, she was neither aware of or had agreed to such an act. Nobody, except Mr J, on the basis of their past liaison, could have gained access to commit such an act. (The Family Law Act 1996. 2006). Again,  Vaughan -v- Vaughan (1973) 3 All ER 449. In the decided case of Vaughan v Vaughan, (1973) 3 All ER 449, the ex-husband used to constantly pester his ex-wife, through calls and visits at her residence and place of work. This created a fear psychosis in the mind of the ex-wife and undermined her health. It was held, that although threats or actual physical violence was absent, the ex-husband's conduct constituted molestation and invoked the Court's intervention. (The Family Law Act 1996. 2006).

IEEE Technical paper based on 1597.1 standard in Electromagnetic Lab Report

IEEE Technical paper based on 1597.1 standard in Electromagnetic compatibility - Lab Report Example To achieve this, we performed a series of shielding effectiveness (SE) tests for a board level shielding product with different apertures by means of a reverberation chamber. An analytical shielding effectiveness formulation has been developed in comparison with the shielding effectiveness (SE) measurement results. When performing tasks related to electromagnetic shielding, Board Level Shielding (BLS) is widely used for isolating electromagnetic interferences. A typically perfect Board Level Shielding (BLS) is deemed to have no apertures and it is fixed to the ground plate of the circuit board all round in order to reach maximum shielding effectiveness (SE). By introducing several apertures, we can be able to make the Board Level Shielding (BLS) lighter weight and increase its convenience. To evaluate the effect of the aperture size and the total number of apertures on the shielding effectiveness, several tests were performed in the lab and a number of apertures of different sizes and the results obtained were compared. The results are processed and used to plot the corresponding shielding effectiveness (SE) data using calculation tools based on the shielding theory. The IEEE standard 1597.1 demands that we use feature selective (FSV) to compare the level of agreement between the reference and the numerical results. In this method, the data sets are compared by decomposing them into two parts: This approach involves taking the overlapping portion of the two datasets and interpolating them so that they share a coincident x axis location. A Fourier transformation is then used to transform this data. The two data sets are low (DC), band (L0) and high pass (Hi) filtered. The six elements are then inversely transformed. Comparing the trend data gives the Amplitude Difference Measure (ADM). Shielding effectiveness of an aperture

Potter’s observation Essay Example for Free

Potter’s observation Essay Potter’s observation that people’s attitudes toward upholding laws is commensurate with amount of approval they have for those laws has a lot of merit (Potter 1976). Indeed, evidence to back Potter’s theory can be seen in Dread Scott v. Sanford. Seven of the nine justices on the court had been appointed by southerners, while only two members, Peter Daniel and Benjamin Curtis, were appointed by a northern president. Every justice but Curtis had been appointed by a Democratic president. All of the southerners were in favor of slavery. Meanwhile, so were two of the northerners. The only two members of the court, who were not pro-slavery, were Curtis and John McLean (Blanchard 2005). For instance, Justice Catron argues passionately against repealing the article of the treaty of 1803, which gave Louisiana to the United States. â€Å"Because it is protected by the constitution,† he says, â€Å"it cannot be repealed. † Yet, he does not argue that, because the bill of rights grants men the right to liberty, no one can oppose Scott’s liberty. He supports the parts of the constitution he agrees with, but fails to fight for the parts he does not support(United States Supreme Court 2009). Meanwhile, Justice Curtis, a northerner against slavery, argued for the constitutionality of states’ bans on slavery and on the Missouri Compromise. Unlike Catron, he was morally opposed to slavery and thus opposed upholding the Dred Scott decision(United States Supreme Court 2009). Justice McLean’s dissent provides more proof of Potter’s theory. Indeed, he argues that the court is wrong to rule against Scott, as Sanford has merely argued that Scott’s parents were slaves. The plaintiff, he says, offered no proof to show that Scott himself was not a free man or a citizen of Missouri. Furthermore, the court never cited any precedents in ruling against Scott, he said. McLean, then, was another Northerner against slavery, and he voted in favor of Scott, rather than Sanford. This would seem to give credence to Potter’s observation (United States Supreme Court 2009). Bibliography Blanchard, Kenneth. The Case. February 7, 2005. http://web. archive. org/web/20041116095630/etech. northern. edu/blanchak/pols330/the_case. htm (accessed January 24, 2009). Potter, David M. The Impending Crisis: 1848-1861. New York: Harper Collins, 1976. United States Supreme Court. Dread Scott v. Sanford: Mr. Justice Catron concurring. 2009. http://www. tourolaw. edu/patch/scott/Catron. asp (accessed January 24, 2009). —. Dread Scott v. Sanford: Mr. Justice Curtis dissenting. 2009. http://www. tourolaw. edu/patch/scott/Curtis. asp (accessed January 24, 2009). —. Dread Scott v. Sanford: Mr. Justice McClean dissenting. 2009. http://www. tourolaw. edu/patch/scott/McClean. asp (accessed January 24, 2009). .

The Concept Of Work Life Balance

The Concept Of Work Life Balance Abstract The concept of work-life balance has now become centre of attention for almost all companies, political institutions, research institutions, families, individuals and trade unions at both national and international level. Work life balance is an important topic in human resource management that means to combine work and life in a way, that both are achievable. Work life balance is generally related to role overload, time management, time pressure, job satisfaction, job stress, organizational commitment, life satisfaction, turnover, welfare, social security, working time, flexibility, family, fertility, (un)employment, migration, consumption, demographic changes, leisure time and so on. In this paper, work means paid work i.e. a person earns money by providing his/her services to the organization. Both work family balance and work life balance is same thing. Moreover, work life conflict and work family conflict are used interchangeably. We will discuss some relevant definitions, its i mportance in organization and in life of individual, antecedents and consequences of work life conflict, factors which help in creating work life balance, advantages of work life balance, cost of implementing its policies, some findings from literature, our recommendations and implications and in the end conclusion. From our literature we try to find some quantitative data about condition of work life balance in different countries but we were not able to get it. This paper is done mostly on qualitative data we get from different and renowned journal articles written by different prominent authors. Introduction Theres no such thing as work-life balance. There are work-life choices, and you make them, and they have consequences, stated by Jack Welsh, former General Electrics CEO and all-round business guru (Khallash Kruse, 2012, p. 682). The two most important domains of an individuals life are work and family and their interface has become centre of attention in the past two decades for researchers in the field of human resource management world-wide. The changing social structures arising out of dual career couples, single parent families, globalization, changes in the demands and patterns of work, an increasing number of parents with children care responsibilities, increasing number of women workforce and ageing parents all have contributed to escalating research in the area of work life balance. There is a need to integrate and balance family and career requirements otherwise work life balance is in jeopardy as a person is unable to perform his roles due to tiredness from work or family responsibilities hamper concentration at work (McCarthy et al., 2010; Valk Srinivasan, 2011). Work life conflict is opposite of work life balance, that can be either related to strain-based or time-based conflicts between work and life. There are two conflicting areas: (1) how work impacts on family life i.e. work-to-family conflict and (2) how family life impacts on work i.e. family-to-work conflict. But the net impact is same and that is Work life imbalance or conflict. Work-life balance is not primarily a womens issue as the principles equally apply to men (Pichler, 2008; Crompton Lyonette, 2006). This concept highly aims to encourage employees to adopt flexible working arrangements that can help them to achieve balance between their professional and private life. History of Work-Life Balance In 1986, the term Work-Life Balance was first identified, but its usage in everyday language was still sporadic for a certain number of years. Although, interestingly work-life programs existed in early years such as 1930, but people did not recognize them. Before the Second World War, the W.K. Kellogg Company created some flexible work hour shifts for their employees who replaced the traditional daily working hours, and the new shift resulted in increased employee efficiency and morale. In 1977, Rosabeth Moss Kanter, for the first time in his influential book, Work and Family in the United States: A Critical Review and Agenda for Research and Policy, raised the issue of Work-Life Balance and brought it to the forefront of organizations and research. This concept forces organizations to follow work-family friendly environment. Therefore, in the 1980s and 1990s, some organizations began to offer work-life programs who aimed to promote balance work-life. The first waves of these progra ms were mainly to support women with children (Brough et al., 2008). Now-a-days, many work-life programs have been introduced which are less gender specific and identify other obligations as well as those of family. Definitions of Work-Life Balance Now-a-days, the concept of Work-Life Balance is not new; because of its importance it has been discussed extensively. It has been conceptualized as an individuals orientation across various life roles and inter roles phenomenon. Different scholars have given different views on how they perceive the concept of WLB. Some of the important definitions are: (1) Kofodimos has defined it as a satisfying, healthy and productive life that includes work, play and love, that integrates a range of life activities with attention to self and to personal and spiritual development, and that expresses a persons unique wishes, interests, and values (Valk Srinivasan, 2011, p. 40). (2) Kirchmeyer has viewed Work-Life Balance as achieving satisfying experiences in all life domains, and to do so require personal resources such as energy, time, and commitment to be well distributed across domains (Greenhaus et al., 2003, p. 512). (3) Clark views work life balance as satisfaction and good functioning at wo rk and at home with a minimum of role conflict (Greenhaus et al., 2003, p. 512). (4) Work life balance is the term used to describe the organizational initiatives aimed at enhancing employee experience of work and non-work domains (Darcy et al., 2012, p. 112). (5) Work life balance is experienced when demands from the domain of work are compatible with demands from other domains, e.g. family (Pichler, 2008, p. 3). These definitions share number of common elements for example; all highlights the balance between work and non-work domains and equality of inputs and outcomes. On the other hand, work life conflict is a form of inter role conflict in which the demands of work and family roles are incompatible in some respect so that participation in one role is more difficult because of participation in the other role (Voydanoff, 2004, p. 399). In short, work life conflict is conflict between work and family responsibilities. Significance of Work-Life Balance Literature has shown that concept of Work-Life Balance is worth for discussion as it aims to create a balanced work-life. Work life balance is becoming an important issue as people deals with shrinking workplace and time pressure. Many studies have highlighted that work-life initiatives offer a win-win situation to both employees and employers and affect business progress and performance in many ways as improving work life balance practices increase productivity, employee well-being, reduces costs, lead to improve retention and recruitment and better motivation and morale for employees (Maxwell, 2005). Various theories have revealed that work life balance policies try to minimize stress and add to a healthier and safer work environment. Work life balance has been associated with greater employee commitment, job satisfaction and organizational citizenship behavior and its policies are beneficial for individuals, their families, physical health, mental health, relationships, creativity , organizations, and society (Brough et al., 2008 Grzywacz Carlson, 2007). Employees expect their employers to recognize that in addition to job they also have a life that includes their family, friends and social gathering. Studies have shown that a workforce that is out of balance faces stress and dissatisfaction which reduces family and work engagement. Work life balance issues are one of the main reasons which forces workers to quit their jobs. Therefore, work life balance is an important and increasingly hot topic because its about improving peoples quality of life and aims to widen access to career opportunities and paid employment. Firm size is also the next best predictor of the presence of work life balance policies; because its size affects the extent and type of work life balance policies a firm can offer. Large companies are more likely to offer longer and paid parental leave and flexible working hours (Beauregard Henry, 2009; Kucharova, 2009). In short, firms have re cognized that creating a balanced work and family life of employees is the only solution of all problems. Now, senior management has become more proactive about their employees health and they are introducing and implementing work life strategies. Measurement There is no as such one measurement tool for work life balance in literature. But most widely used tool is questionnaire and surveys. Most companies do questionnaires and survey to their employees to find out how balanced is their work and life is. One such questionnaire is discussed here. Employee has to select one option and each option is assigned different point. Options were based on a 5-point rating scale that ranged from never to always. Questions are: I have come home from work too tired to do the chores which need to be done? It has been difficult for me to fulfill my family responsibility because of the amount of time I spend on my job? I have arrived at work too tired to function well because of the household work I had done? I have found it difficult to concentrate at work because of my family responsibilities? Keep worrying about work problems when you are not working? Feel too tired after work to enjoy the things you would like to do at home? Find that your job prevents you from giving the time you want to your partner or family? Find that your partner or family gets fed up with the pressure of your job? If employee faces these problems quite often it means he/she is facing work life conflict (Pichler, 2008). Higher scores indicate imbalance rather than balance of work and life. (Other surveys and questionnaires are mentioned in appendix). Antecedents Which Cause Imbalance Work-Life In many researches both men and women has reported that they face difficulties in keeping a balance between family and work life, therefore, their lives suffer because of this imbalance. One of the main reasons for this difficulty is lack of support and help from their better half or spouse. In addition to this, work life (im)balance highly depends upon on job role, project-based job and nature of industry. For example, project-based work with unpredictable work pressure and requirement to deliver project consistently with predetermined time, often requires extensive travel disturb family relations. Additional working hours and working outside normal hours at expense of home and family time with high work intensity and pressure may result in bad health, stress, anxiety, fatigue and adverse/unpleasant psycho-physiological consequences that can have dreadful affect on quality of family and work life. Some researches has indicated that despite of an overall decline in weekly working hou rs across Europe over the last decade, the increased stress level, insecurities and competition at work-place are considered to be additional factors which are relevant in creating disruption of balance in life (Valk Srinivasan, 2011; Pichler, 2008). Literature has also highlighted that fact that highest level of stress occurs when job demands are high whereas work life balance practices and policies are low. There are also some barriers which restrict organizations to implement work life balance policies that are job requirements, commitment and loyalty, cultural values, and change (Chiang et al., 2010). According to Voydanoff (2004), work demands expected to be highly associated with work-to-family conflicts which are of two types i.e. time based and strain based. Long paid working hours restrict an individuals time that can be spent with friends and family. This lack of time may create difficulties for employees in maintaining family relationship and performing family orientated task or duties. Sometimes, strain-based demands (job insecurity or concern over losing a job) threaten the economic well-being that is necessary to quality of life and stability. The stress related with job insecurity decreases interpersonal availability and restricts effective participation in family life. Sometimes, family responsibilities also restricts person to perform his/her work duties effectively but researches have been more focused on work to family conflict rather than family to work conflict. Consequences Conflict between family and work has real and worth discussing consequences which extensively affects quality of life and career success for both women and men. Stressfulness, lower productivity, low employee morale, decreased job satisfaction, absenteeism and sickness are some common consequences which are caused by work life conflict. The consequences for women may comprise serious career choices and constraints, limited career advancement opportunity and success in their work role and need to choose between an active satisfying career or marriage and children. Most of the men face tradeoff between career and personal values when they tries to find out ways to make dual career families work that often requires them to hold family roles that are far different and open. Other serious consequences of imbalance work-life are alcohol-drug abuse, negative physical and mental health effects, poorer outcomes for dependants and other household members, a lesser work contribution, a diminuti on of social citizenship and community participation, depression, financial and marital problems, distrust, tardiness, cheating and violence in workplace, task avoidance, embezzlement, organizational sabotage, compulsive eating disorder and burnout (Voydanoff, 2004; Pocock, 2005). Because of these serious consequences organization faces with the prospect of losing talented men and women who because of imbalance between work and life become unable to cope with dual family and work demands. That is why; organizations reconsider personnel policies and expectations. Factors Which Help in Creating Work Life Balance The role of social/family support and supervisor/co-worker support has consistently emerged in literature as an important factor that influences work family balance in a positive manner. Social support includes support from an employees parents, siblings, spouse or partner, children, friends and extended family. Of particular importance is support from the spouse who contributes in a variety of areas including moral, domestic and childcare support, earnings and personal financial management, home and family responsibilities, career management and interpersonal support. Family support also includes the exchange of support among relatives. The personal social support can be further conceptualized as emotional and instrumental support, thus suggesting that it positively influences the individuals functioning at work. The role of workplace support, i.e., the support received from supervisors and co-workers is another critical element of work family balance. Organizational and supervisor understanding of family duties are positively related to satisfaction with the balance between work and family life. Workplace support via an organizational approach involves the implementation of family friendly policies, which are associated with integrating work and family responsibilities and achieving a healthy work and family balance. Organizations offer a wide range of work family benefits and programs to their employees (these are discussed in appendix). Through research it is found that flexible work arrangements allow individuals to maintain a balanced life. There is also importance of supportive supervisors, peers and colleagues in managing their work family balance. Literature recognizes that all of the above mentioned variables have a greater impact on women. An emerging category appeared to achieve work life balance that is self-management or reinvention: reconsidering not only the kind of work one wants to do but also the kind of person one wants to be and the sacrifi ces one is prepared to make to grow into that new self (Valk Srinivasan, 2011; Wayne et al., 2007; Voydanoff, 2004). Communication about work life programs to employees and providing proper resources and rewards to them also contribute towards work life balance. Advantages of Balanced Work and Life Researchers are now focusing on how family and work can benefit each other and this concept is known as work life facilitation. This facilitation may take place when gain from one domain can be transferred to and improving the functioning in the other domain. Work life balance can serve as a guide for organizations to address family work balance issues by redesigning the HR practices and policies for facilitating family work balance. This will help further help in enabling workers to be more committed to the organization, perform better work, and contribute to growth of economy and positive impact for society as whole (Valk Srinivasan, 2011). Work-Life programs promotes improve productivity and employee commitment, lower rate of turnover, thus result in fewer employee relation challenges and reduced likelihood of unethical business practices. Moreover, implementation of work life balance policies can result in less loss of knowledge workers to competitors, reduced staff turnover, lo wer training and recruitment costs, reduced absenteeism, improved quality of workers, reduction in work stress, reduced use of sick leave, high self-esteem, confidence and loyalty, better performance and high morale and satisfaction. Some vital benefits that employer gains from work life balance includes employees feel valuable and work harder, maximized available labor, more loyal and motivated workforce, less stressful workplace, high employee involvement, organizational effectiveness and positive employee attitude and behavior (Beauregard Henry, 2009). Work life promotes happiness and better relations among employees and employers. Costs of Implementing Work Life Balance Policies The cost of implementing work life balance policies is another vital issue which organizations take into account. These costs include direct cost e.g. parental leave payments, childcare subsidies, cost of extra space associated with increased facilities like breastfeeding rooms or childcare facilities, providing equipment to telecommuters and indirect costs such as temporarily filing absentees post and reduction in productivity from temporary disruptions (Darcy et al., 2012; Brough et al., 2008). It has also highlighted that managers role plays a critical role in policy development and implementation. Poor managers/supervisors skills and behaviors in work life balance practice can lead to increase costs (Maxwell, 2005). According to Roberts (2008) a reduction in worked hours is perhaps the most obvious route for employees to improve their work life balance despite the connected costs in terms of income, career and status. Managerial Implications/Recommendations Based on feedback from family and co-worker a person can evaluate whether he/she fulfilling both family and work responsibilities (Grzywacz Carlson, 2007). Work life balance support and practices promotes a mean by which workers may alter their work hours and condition in a way which can reduce stress. When employees enjoy high degree of freedom and flexibility, sense of job control will increase, thus alleviating job stress (Chiang et al., 2010). Work life balance practices can have positive impact on employees and competition at firm level. These are some suggestions to promote work-life policies and program: (1) Use questionnaires to find out what workers feel about work life balance. (2) Review HR strategy and see if they support companys mission. (3) Develop work-life reward programs by using non-cash incentives associated with business objective. (4) Align HR strategy (e.g. employer of choice) with work-life initiatives (McCarthy et al., 2010). Work-life initiatives also creat e positive employer branding, promote organizational citizenship; endorse being an employer of choice and support diversity programs. To start work-life programs, managers should consider these key areas: employee retention, absenteeism, employee time save, increase productivity and motivation and decrease stress related illness and health care costs. However, the entire work-life programs cannot be told firmly by only quantitative measurements. HR professionals must consider four significant questions: (1) do supervisors and managers aware of the impact work life balance and its policies has on their employees, (2) does a firm culture and environment truly support work-life benefits, (3) does the companys management philosophy sincerely promotes work-life benefits, (4) are workers aware of and do they recognize companys work-life policies and programs. If a company is already in practice of offering work-life benefits, then the next step for it would be to re-communicate and repack age them so employees can see how such benefits may find them ways to reduce or manage work-family conflict. Moreover, creating a HR strategy that clearly comply with companys mission will exhibit that how committed the company is to its employees needs. Organizations may need to adopt more modified work life balance programs, initiatives and have the courage to go beyond from a one size fits all approach (Darcy et al., 2012; McCarthy et al., 2010). In other words, Companies may need to re-think work life balance more specifically and need to pay more attention on it. Work life balance programs are not reduced hours, flexible delivery, but it is about assisting people to match their behavior to their values (Reiter, 2007). According to Grawitch et al., (2010) its not about balance, its about resource allocation (in appendix, it is discussed in more detail). Companies should tailor its HR and work life balance policies according to the need of the employees and should implement it ef fectively to get desired results. Discussion Findings From the literature we found that younger employees and employees in professional and managerial positions account higher levels of work life conflict. Singles are generally more balanced than people whose partner is in paid work. Long working hours, high levels of job insecurity, a lack of power in deciding when to start or finish work and demanding jobs result in higher imbalance in work and life. Women with children also report high level of work life conflict (Pichler, 2008). But it was revealed by Emslie Hunt (2009) that there is no clear relationship between work life balance and gender. It is definitely clear that women is considered to do the home related work, on other hand men is also supposed to fulfill family responsibilities. There is also no clear relationship between work life conflict and age of employees children, but there is some evidence about those employees whose children are below three faces more work life imbalance. A one size fits all approach used for the development of work life balance programs is costly and ineffective to meet the needs of different type of employees. Job involvement was negatively related to work life balance whereas, perceived managerial support was positively related to work life balance (Darcy et al., 2012). It was found by Kucharova (2009) that there is no clear relationship between work life balance and economic condition of the different countries. It was found that sometimes flexible working and working from home increase work life conflict and part time work and job sharing also sometimes increase work pressure. There was no clear relationship found between flexible working arrangements and working conditions such as pay, promotion opportunities and employee commitment (Russell et al., 2009; Moore, 2006). Through study of Reiter (2007) it was clear that organizational development field is struggling with the apparent lack of success of work life balance programs in many organizations and this is caused by lack of investment by companies and government in work life balance initiatives. Furthermore, to gain real value from investment in work life balance, organizations need to recognize it as a complex issue and apply much more holistic solutions than has usually been the case. Conclusion In conclusion, we like to say that people who combine all aspects of their life in a balanced manner should therefore be the most satisfied and happiest one. In short, work life balance is part of the general well-being. The higher work-life imbalance, the lower are life satisfaction, happiness, subjective health and emotional well-being. Work life balance programs have the potential to extensively reduce absenteeism, improve employee morale and keep hold of organizational knowledge, particularly during hard economic times. In such a marketplace where there is increasing globalization and companies aspire to reduce costs, it depends upon human resource expert to comprehend the serious issues of work life balance and become of winner work life programs. It will cost some money, but in the long run, the company will benefit from this. If properly introduced and implemented then work life balance programs can be win-win situation for employee, family and organization. Flexible working a rrangements are important but it should be catered according to employees needs, resources, time and demands to get more improved results. Work life balance is associated with quality of life and is not only a moral issue it is productivity and economic issue, a workplace issue and a social issue, and needs to be addressed as such. We can also measure by using some other questions and that are, how successful do you feel in balancing your paid work and family life? Are you satisfied or dissatisfied with the balance between your job or main activity and family and home life? I am satisfied with the balance I have achieved between my work and life? I am able to balance the demands of my work and the demands of my family? I experience a high level of work-family balance? I am satisfied with the balance I have achieved between my work life and my family life? How successful do you feel in balancing your paid work and family life? Are you satisfied or dissatisfied with the balance between your job or main activity and family and home life? Responses were based on a 5-point rating scale that ranged from strongly disagree to strongly agree. (Allen Kiburz, 2011; Kucharova, 2009; Reiter, 2007). Factors Which Help in Creating Work Life Balance Organizations offer a wide range of work family benefits and programs to their employees such as job sharing, staggered hours, compressed working hours, telecommuting, job protected parental leave, part-time return to work options, shift swapping, flextime, resource and referral services, unpaid family leave, dependent care assistance, shorter standard work weeks, improvement in job conditions, breaks from work, work for home, on-site childcare, support groups for working parents, sports facilities, day-care facilities, laundry facilities, and canteen facilities (Valk Srinivasan, 2011; Wayne et al., 2007; Voydanoff, 2004). Its not about Balance, Its about Resource Allocation Literature has re-conceptualizes the frame work of WLB. Previous researches have given more emphasized on the ways in which work and non-work life affect each other, but now new studies has introduced the concept of Personal Resource Allocation (PRA) framework which considers that all life demands forces an individual to make choices about where, when, how to allocate personal resources across the life domains. This Framework has four main central components which include personal resources, demands, resources allocation strategies and the individual outcomes. It suggests that effective work-life balance is an effective personal resource allocation across all life pursuits. It allows researchers to move beyond the old assumption of WLB, in which work life is considered bad and family life considered as good, to person-environment interactions that brings positive individual outcomes. According to PRA framework, individuals bring their personal resources to their daily lives, and beca use they come across repeated demands (anything that competes for personal resources) on their resources so, these demand forces them to make choices where to allocate these resources. Once the resources are allocated, then individuals are left with fewer resources to meet additional demands (Figure1, in appendix shows the PRA framework). Therefore, positive outcomes can only be achieved if (a) perceives that they have necessary resources to respond to their demands of life, (b) when they believe that they have adequate control to allocate their resource according their preferences, (c) when they feel satisfied with the way they have managed their resources (Grawitch et al., 2010). This Framework has presented the rethinking concept of WLB interface by de-emphasizing the negative role that work plays in life and emphasizing a resource allocation strategy. This theory incorporates person-environment interactions that bring positive outcomes, instead of, simply those that decrease or increase outcomes.

Examining Concepts Of Leadership And Reflection In Nursing Essay

Examining Concepts Of Leadership And Reflection In Nursing Essay Western (2008) says that, the term leadership has different meanings and we will aware of leadership when we see it. By the estimates of Durbin (2000), in academic literature there are 35,000 definitions for leadership (Pye,2005;P.32). According to Stodyill (1974;p.257), there are as many people tried to define the idea of leadership as many definitions of leadership as there are. Hemphil and Coons (1957,p.7) defined leadership as the behaviour of an individual directing the activities of a group toward a shared goal. Clark (2009) says that the change in the definition of leadership occurs according to the person, whom we ask to define the term. Houser and Player (2004) concluded in their study of a dozen nurse leaders as that, the nurse leaders have some common characteristics such as innovative, courageous, visionary, scholarly, resilient, creative, committed, responsive, and thoughtful. Tan (2006) suggests that the concept of leadership as, to influence a person or follower, to do what is critical to achieve societal and organizational goals. Nurses are particularly aware about the necessity of reflective practices among health care professionals (Duffy,2007;Manthey,2001, et al.). Same as that practice of reflective leadership have an equal importance in this profession (Deutsch and Sherwood,2008). Oestreich (2009) says that, reflective leaders must know about, how they are opening paths for clear communication and goal fulfilment, where they are in the progress of their own and organizational goals, and how they connect with others. Great leaders have to walk alone sometimes, such aloneness can facilitate reflection(Drucker,1996,p.9). Qualitative researchers says that , more distant reflection is possible through the observation of the participant. In a nutshell, both the individual leader, more than that the organization benefited by the reflective practices. LEADERSHIP CHARACTERISTICS According to Nanus,B (1985), integrity, passion, and vision are the fundamental characteristics of a good leader. Sociability, integrity, determination, self-confidence,and intelligence are the characteristics belong commonly to leaders (Stodgill,1948,1974). Research among 46 magnet hospitals clearly defined the value of leaders as they are knowledgeable and supportive, enthusiastic and visionary, have expectations and high standards, value professional development and education, demonstrate status and power in the organization, are responsive and visible, are active in professional associations and communicate openly (Mc Clure Hinshaw,2002;Scott et al,1999;Kramer,1990;Mc Clure,Poulin,et al,1983;Kramer Schmalenberg,2005). Murphy and DeBack (1991) identified nurse leader have leadership characteristics such as learning and taking initiative, designing organization structure, mastering change, and managing the dream. LEADERSHIP THEORIES Many leadership theories are useful to nursing (Burns,1985). By Patricia Kelly (2010) the major leadership theories classified in to the following approaches: Behavioural, contemporary, and contingency approaches. BEHAVIOURAL APPROACH In behavioural approach the leadership studies by Kurt Lewin et al.(1930) gave information about three widely existing leadership styles. That are autocratic, democratic, and laissez-faire leadership styles. Autocratic style of leadership the opportunity to make decisions centralized in the leader and the leader has the power to control and command the team members. In democratic style the team members have the authority to take decisions and there is a close inter personal relationship between the leader and the individual team members moreover there is sharing of opinions. By Lewin (1939) laissez-faire leaders postpone decision making and are characterized by freedom of behaviour. In this group the negative points are the low productivity and the feeling of dissatisfaction. CONTEMPORARY APPROACH This approach gave importance to the development of learning organizations and lead the process of transforming change. Charismatic theory, transformational leadership theory, knowledge workers, emotional intelligence, and wheatleys new science of leadership are under this approach (Kelly,P,2010). CONTINGENCY APPROACH In this theory the factors in the environment influences the leaders outcomes. This approaches include the situational theory of Hersey and Blanchard, Feilders contingency theory, path goal theory and the idea of substitutes for leadership Among these theories one theory that has become relevant to nursing is the transformational leadership theory (Burns,1985). Transformational leadership is defined as, One who inspires and empowers everyone with the vision of what could be possible(Hood,2010,p.460). The suggestion by IOM (2003,b) is that,the transformational leadership acts as a safety net for the patients. According to Clark (2009,p.17) transformational leadership and authentic leadership are the two different types of leadership styles significantly important for nurses. THE IMPORTANCE OF REFLECTIVE PRACTICE IN NURSING LEADERSHIP The maintenance of a personal professional profile is important for the attainment of maximum reflection in education and practice after the registration of a practitioner, by UKCC. The regularly recording of daily events and preplanned learning activities as a part of reflective process are the bias of this profile (UKCC,1997). One of the inevitable processes in clinical supervision is the reflection. Moreover, clinical supervision helps the practitioner to up bring the standard of care and thus it support in their practice (UKCC,1996). REFLECTION The concept of reflection is difficult to define (James Clarke,1994;Clarke et al., 1996). John Dewey (1933,p.9) defined the term reflection as active, persistent, and careful consideration of any belief or supposed form of knowledge in the light of the grounds that support it and the further conclusions to which it tends. By Dewey (1933) the application of scientific methods are possible through experimentation and reasoning and there by challenge and test out true beliefs. His studies influenced the educational ideas and work of Schon,D (1983,1987); Boyd Fales (1983); and Boud et al.(1985). According to Boyd Fales (1983) reflection is the process of internal examination and exploration of a concerned issue, by an event, that self clarify and creates meaning and resulted in a different conceptual perspective. In definitions of reflection, most of them support the ideas of intellectual skills and creativity development, self awareness raising, and new knowledge development (Hancoc k,P,1999). By Boud et al. (1985), to becoming a reflective practitioner, one should consider an issue, triggered by an experience, go back through it, and ponder over it and then they will get a new insight about that particular situation. TYPES OF REFLECTION Schon (1987) noticed two types of reflection in his studies. Reflection-on-action and reflection-in-action. He identified that practitioners use reflection, when they met with unique situations, when they may not be able to use previously learned theories or techniques by formal education. By the concept of his reflection-on-action, to develop as a practitioner or person, critical thinking and construction and reconstruction of events are important. On the other hand, by his reflection-in-action, action from a practitioner reshaped due to his thinking while he is doing it and with out disturbing it. SKILLS NECESSARY FOR REFLECTION By Atkins Murphy (1993) the skills such as description, synthesis, evaluation, judgement, critical analysis, and self-awareness are necessary for reflection. Front-runners in nursing have established some models of reflection, significantly those of Schon (1983,1987); Kolb (1984); Boud,Cohen et al.(1993); Boud,Keogh et al.(1985); and Johns (1992). Their levels of explanations are different, while the retrospective phenomenon of reflection has three fundamental processes. That are retrospection, reorientation, and self-evaluation (Quinn,F,M,).DATE MODELS OF REFLECTION à ¢Ã¢â€š ¬Ã‚ ¢ Reflective Practice was introduced by Donald Schon in his book The Reflective Practitioner in 1983.   There are different models of reflection in practice.   In that I would like to discuss about the two models of reflection Gibbs model, 1988 Johns model, 1995.      GIBBS MODEL OF REFLECTION 1988 Gibbs model is a cyclic process of reflection, in that a practitioner describes the experience and must evaluate and analysis of how they were feeling during the experience.   By the evaluation and analysis of the emotions associated with the situation give the practitioner a chance to understand the situation and come to a conclusion of what else could be done, or what other options could have been taken.   Most importantly,in Gibbs model of reflection the final stage is the formulation of action plan, that give an idea about what actions would be taken if the situation happened again (W http://en.wikipedia.org/wiki/Reflective_practice). JOHNS MODEL It is a structured mode of reflection that provides a practitioner with a guide to gain greater understanding.   In this model of reflection, reflection carried out through the act of sharing of emotions with colleague or a mentor and it provides a faster rate of learning than reflection alone.   In order to achieve reflection looking in on ones thoughts and emotions and looking out at the situation experienced are important steps in this model of reflection.   Mainly five patterns of learning are included in to the guided reflection, that are the practitioners analysis about the aesthetic, personal, ethical, empirical, and the reflexive elements experienced through the situation. REASONS TO PREFER JOHNS MODEL OVER GIBBS MODEL I think Johns model of reflection is better than that of Gibbs model because, in Johns model practitioner get an opportunity to share with a colleague or mentor, about their thoughts and emotions of their own and about the situation experienced.   It seems to me that by the sharing of emotions definitely, we will get a clear cut idea about the feelings of the self and about the situation in a faster rate. Looking in and looking out become easier when the structured questions shared between a colleague or an experienced person.   In Gibbs model of reflection, evaluation and analysis of the emotions associated with the situation experienced is important and there is no sharing of ideas or emotions with anybody.   I feel that with out the sharing of emotions reflection occurs in a slower rate.

Character Analysis of John Proctor from The Crucible Essay -- The Cruc

Character Analysis of John Proctor from The Crucible The consequences of shirking accountability for ones actions are depicted through the tribulations John Proctor faced, in Arthur Miller's, The Crucible. Although John reluctantly became involved in the Salem witch trials, his initial silence proved to be the downfall of not only himself, but of his fellow townspeople as well. John Proctor remained silent for one reason, and that was to protect himself. As a result of his self-serving desires to avoid the consequences of his actions, innocent citizens were put to death. Survival is one of the primal instincts of human nature. It is programmed into human beings at birth, and cannot be easily masked. No matter how morally wrong the dilemma is, the primal instinct of survival challeng...

Modern Computer :: essays research papers

Modern Computer Is the Computer important in the world? I am sure it is significant for the youths. Nowadays, most of the youths has owned their computer in the house. The reason for the computer is very powerful tool. It brings a lot of the functions to do any certain the things. It makes the people to enjoy its functions own. Computer is useful for finding the information. As long as the Internet is installed in the computer, the people can be able to what they want to find. Of course, they have to waste the time for doing. Acquiring the information, they feel that it is valuable. Renctly years, the number of people is increased by using computer. They can seek the information directly in Internet. That is a very convenient for the people. When the students do the projects, they will find the information in Internet, except library. Finding the things, they compose of the information and construct it in the computer its function such as Microsoft Work, Excel, etc. They have ability to achieve the people’s aim they want. In fact, the computer has plenty of useful functions. The people may not acquaint to all of the functions, only knowing a part of them. They need the time to know every thing in the computer for a long time. The level of the computer is upgraded on each year. Automatically, the functions and others will be increased such as the speed will faster than previous speed. We could say that the computer be able to instead in the position of the people mostly. Of course, the human is clever than the computer. Sometimes, the students will play the games, as they are boring. It makes the students to get the relaxing. On account of their studies bring the some pressure, this may cause them to get vexation, so they need to release their pressure, to get the balance of their mood. Modern Computer :: essays research papers Modern Computer Is the Computer important in the world? I am sure it is significant for the youths. Nowadays, most of the youths has owned their computer in the house. The reason for the computer is very powerful tool. It brings a lot of the functions to do any certain the things. It makes the people to enjoy its functions own. Computer is useful for finding the information. As long as the Internet is installed in the computer, the people can be able to what they want to find. Of course, they have to waste the time for doing. Acquiring the information, they feel that it is valuable. Renctly years, the number of people is increased by using computer. They can seek the information directly in Internet. That is a very convenient for the people. When the students do the projects, they will find the information in Internet, except library. Finding the things, they compose of the information and construct it in the computer its function such as Microsoft Work, Excel, etc. They have ability to achieve the people’s aim they want. In fact, the computer has plenty of useful functions. The people may not acquaint to all of the functions, only knowing a part of them. They need the time to know every thing in the computer for a long time. The level of the computer is upgraded on each year. Automatically, the functions and others will be increased such as the speed will faster than previous speed. We could say that the computer be able to instead in the position of the people mostly. Of course, the human is clever than the computer. Sometimes, the students will play the games, as they are boring. It makes the students to get the relaxing. On account of their studies bring the some pressure, this may cause them to get vexation, so they need to release their pressure, to get the balance of their mood.

Zero-based budgeting

Introduction Introduction of Zero-based budgeting Zero-based budgeting attempts to get the better of the restrictions of incremental budgets. The method was non used last year’s budget, this method required that planed expensive for bing activities should get down from base nothing. The directors needed to explicate all budgeted expensive was non follow the alteration from the last twelvemonth. Besides used zero-based budgeting, the method ever focal point on activities or programmes, the method was non followed characteristic of traditional budgeting, the method used functional section under on line-item. Programmes normally associate to non-profit devising or public sector organisation. ( Colin Drury. , ( 2012 ) , pp.381. ) . Introduction of Po Leung Kuk Po Leung Kuk established November 8, 1878, get downing work was prevent the abduction, protect incapacitated adult females and kids, mediate household and matrimonial struggle. In gait with Hong Kong maintain traveling alteration, Po Leung Kuk was extent societal service organisations, they was supply different multiple high-quality service for public. Engineered cost, Discretionary costs and Committed costs in organisation Po Leung Kuk in order to supply more service to public, form will better the aged place installations in order to hold great environment for old people, besides, form will construct more medical and dental room to increase the medical attention, which are engineered cost in organisation. In the discretional costs, Po Leung Kuk normally purchases wheelchair, rehabilitation equipment for old people, form besides purchases book to give pupil reading, form can keep the patron program from public, which besides can diminish disbursals in organisation. Furthermore, In the committed costs, the societal support traveling to alter, and the old people continue increase in societal, the organize need to alter the service mark, the organize will put up subsidiary medical service, the organize will engage more profession physician and nurse to supply perfect median service for old people. Omegaero-based budgetingapplied to organisation The nothing based budgeting based on Po Leung Kuk, the determination units were education personal businesss and societal services. Po Leung Kuk instruction personal businesss service provide different multiple high-quality service for public, for illustration, kindergartens, primary school, secondary school, college, dark school, instruction service centres, particular school and residence halls. The instruction personal businesss service determination bundle were scholarships, grant and instruction financess, school and word competition and reading plan. First, the scholarships, grants and instruction financess, they in order to increase instruction quality, the organisation provided different instruction financess for pupil, the organisation besides collected resources from external. Furthermore, the joint schools and word competition could allow pupil were multiple development and discuss in the competition. Besides, the organisation will keep every joint schools and word competition, for illustration, ball game and composing competition, this could allow pupil had wellness lift in school. Besides, the reading plan attracted most public to back up, form used contribution fee to purchased book, improved library installation and promoted reading actives, which encouraged pupil read different books and supply great environment for survey reading. The societal services determination bundles were kids and young person service, rehabilitation services and aged services. First, the kids and young person service provided multiple support and helper to assist kids and young person people exert endowment, overcome hard and edible positive life. And the service provided fund to immature people, they could used the fund to complete their dream. Furthermore, the service helped disablement people and provided multiple rehabilitation services and provided residential service, twenty-four hours activity Centre, integrated vocational services, para-medical and other services. The service besides provided aged services, the service give old people live aged place and provided adjunct service to old people. The ranking of determination bundles goes in the order of diminishing benefit. The director must place of import merchandises or services in company. The highest precedence assigned to anticipate addition of service and merchandise in the hereafter. ( accounting-financial-tax ) , ( n.d. ) . In the Po Leung Kuk, the organisation normally used near half contribution in instruction service in the old twelvemonth. ( Po Leung Kuk ) , ( n.d. ) .The old people keep addition in the hereafter, the demand of aged service besides will increase. So the first rankings of bundles are aged service, for illustration, medical and incorporate wellness services, aged places and aged community attention. In position old people maintain traveling addition, the organize should utilize the budget to keep more service and engage more professional physician and nurse to see old people, for illustration, the organisation can utilize the budget to supply more twenty-four hours attention services for old people and can supply more medical and incorporate wellness services in the hereafter. The 2nd ranking of bundles are rehabilitation services, the organize use the budget can supply more preparation and helper for disable individual, which service can increase attention ability and increase life accomplishment for disable individual. Though the service can allow more people to understand disable individual and can give more assurance for disable individual to work in societal. Finally, the 3rd rankings of bundles are youth service, with the societal support traveling to alter, the kid and immature people face different job, for illustration, the immature people deficiency of work experience and educational, they will go less competitory group. The organize can utilize the budget to assist this people, the organize can construct more event and category to research their possible and increase their occupation accomplishment. And form can keep some coder with concern, allow the immature people can pattern to acquire more occupation experience, allow immature people to do confident and set up positive value. The scholarships, grants and instruction financess, joint schools and word competition and the reading plan is non including rankings of bundles. Because this had been more fund from public, the service could utilize the fund and donate to keep many event for their pupil. Beside, the service had been adequate installation to supply pupil, so the three services are non include ranking of bundle. . Advantage ofZero-based budgeting The director can utilize zero based budgeting to measure the best public presentation of different bundle, such as, the Po Leung Kuk were different service provide to public, through the ranking of bundle, the director can understand which service are benefit and will concentrate the service public presentation in the hereafter. ( AccountingTools ) , ( n.d. ) . Besides, through the nothing based budgeting can increase teamwork in the organisation, for illustration, through planning scheduling, and budgeting with different measure to complete zero based budgeting, which must necessitate teamwork and communicating with different section to complete the end together. ( AccountingTools ) , ( n.d. ) . Furthermore, the zero based budget more sensible than traditional budget. In the Po Leung Kuk were different service provide to public, the organize used fund and budget to instruction service in old twelvemonth, but the societal support traveling to alter, the societal are besides different job, for illustration, more teenager face deficiency of instruction job and unemployment, so the organize must maintain traveling to alter the service mark. Through the nothing based budget, the director need non to follow how to used budget in old twelvemonth, the organize can flexible alter the budget to different service. ( AccountingTools ) , ( n.d. ) . Disadvantage ofZero-based budgeting The director utilize more clip to put up zero-based Budge, this will utilize more clip to planning, scheduling, and budgeting to put up the zero-based budgeting. In the Po Leung Kuk were different service provide to public, the director must utilize more clip to put up the nothing based budgeting system. ( AccountingTools ) , ( n.d. ) . Besides, the Zero-based budgeting may increase disbursals in the hereafter, in the Po Leung Kuk are large size organisation, they are different section and service, if the zero-based budgeting tally in organisation, the director must utilize more clip to detect the budget whether consequence in the each service. Which may allow director can non complete their original occupation, form may engage extra people to complete their occupations, so the zero-based budget may increase the disbursals. ( AccountingTools ) , ( n.d. ) . Beside, the director utilize more clip to reexamine the day of the month and information to be after the zero-based budgeting, the day of the month and information may insufficient Lashkar-e-Taiba director do incorrect determination ranking, which will impact the budget arrange to service and may non hold benefit in the hereafter. ( Colin Drury. , ( 2012 ) , pp.382. ) . Furthermore, the budget may used for service in long-run, if long-run nature, this may do big hard currency disbursals and will publish job, for illustration, if the director determination ranking is education service in Po Leung Kuk, the budget is non plenty for the service, this will do extra disbursal, so the director may be after short-run budget planning. ( accounting-financial-tax ) , ( n.d. ) . Decision The zero-based budgeting is utile in organisation, because the societal support traveling alteration, the organize need non follow to used budget in old twelvemonth, the service mark besides maintain traveling to alter, so the zero-based budgeting suited for organisation, Besides the budget plan can allow director to understand which service public presentations are best in the organisation. However, through the planning, scheduling, and budgeting, the zero-based budgeting usage more clip and people to put up. And the budget plan merely set up short term budget planning. Refervitamin Ence Colin, Drury. , ( 2012 ) . Management and cost accounting. eight erectile dysfunction. United Kingdom: Cengage Learning EMEA. Po Leung Kuk, ( n.d. ) . History. Available from: hypertext transfer protocol: //www.poleungkuk.org.hk/social-services.html [ accessed 9.11.2014 ] Investing Answers, ( n.d. ) . Zero-Based Budgeting. Available from: hypertext transfer protocol: //www.investinganswers.com/financial-dictionary/businesses-corporations/zero-based-budgeting-5925 [ accessed 9.11.2014 ] Accounting Tools, ( n.d. ) . Advantages and Disadvantages of ZBB. Available from: hypertext transfer protocol: //www.accountingtools.com/zero-based-budgeting [ accessed 14.11.2014 ] Accounting, fiscal and revenue enhancement, ( n.d. ) . Undertaking ( Program ) Budgets from: hypertext transfer protocol: //accounting-financial-tax.com/2009/08/what-is-zero-base-budgeting-zbb/ [ accessed 15.11.2014 ] Entire word: 1432 Zero-Based Budgeting Every organization goes through a point where it has to re-evaluate all its departments in an effort to see if they are all working to their full capacity or if there are any cuts and or reductions that can be made in an effort to save the organization some capital. Whenever anyone hears about reevaluations of department the first thing that comes to their mind is that they is a possibility that jobs may be deemed no longer necessary and therefore cut.Budgeting your expenses is an essential component in managing your internal controls and ensuring that your practice remains financially healthy. Zero-based budgeting dictates that supplier contracts be renegotiated for better rates, and rotating debt be transferred to a card with a lower interest rate. (Smith 2010). Now that I have been given the job to help Windsor Memorial Hospital achieve a zero based budget I must look at each and every department in an effort to see what is working and what is not.I have look at everything and see what can be cut in an effort to save the hospital some money. One of my first duties is to ask each department manager to outline the job duties of each one of their employees and to outline their overhead expenses including salaries and any reimbursable expenses that are being out for each member. Once I have all these I outlines I will sit down with each department and go over their findings with them and see if we can come up with ways where we can save money.My objective is to save as many jobs as possible as I know that all jobs are important in providing the best quality of service for all the patients that come through the doors of the hospital. In talking with the managers we will see if it is possible to utilize the employees we currently have to fill any possible job openings by realigning job duties among the staff. When it comes to the complex continuing care we have reevaluate and see if it I worth having this department opened or is the job paying more money just to k eep it opened and operating.We may look to see if there is any possibility that we can reduce the amount of money that the hospital is paying to keep this department opened. We may want to look into the possibility of working with another hospital and cost sharing the cost of the department in an effort to keep the department opened. We can speak to universities in the area that would be willing to use the complex continuing care unit as a learning center for their pre-med students. When Craig Brown took the reins as director of the materials organization at Intel Corp.in the spring of 2006, right away he had to make some tough decisions. In attacking that bureaucracy, Brown developed a plan, keeping two points always top of mind: Getting materials back to zero-based budgeting and developing and retaining the skilled purchasing professionals working in the organization. (Avery 2008). As mentioned in the article above it is also important to retrain the staff in order to teach them t o how to create a plan where they are ordering only as needed and are not purchasing and ordering items that are not needed.One of the rules being implemented going forward is that all reimbursement for any travel and expenses will need to be pre-approved by manager and then approved by a financial officer. One of the other proposals that I presented to the managers and will present to the board is a lower cost health insurance for all employees. At this time the employees are only paying 20% of their health care with my proposal they will have to pay 35% but will have the option to pick from several different plans as well as be able to have a health saving account that the company will contribute to depending on health care screenings completed.Sometimes regarded as the best method of prioritizing budgetary expenditures, Zero-Based Budgeting (ZBB) was introduced into China in the early 1990s and systematically adopted since the recent budgeting reform although it has experienced n umerous failures in many countries. Interestingly, ZBB has not disappeared but is deliberately applied to budgetary decisions of one type of expenditures under the Chinese style TBB. However, even in the field where ZBB is practiced, its achievements are at best moderate. (Ma, Bunch & Tang 2006).Zero based budgeting is not something that many employees want to hear because they feel that with this job elimination will soon follow. But that is not always the case in creating my zero based budgeting while I cannot promise that there will not be any job elimination I can assure all the employees that I will try my hardest to make sure that I can save as many jobs as possible. I will present all my findings as well as all the detailed department functions and all expenditures to the board for final determination.I will also present my findings of sharing the cost of the complex continuing care department with another hospital and or clinic as well as reaching out to universities in the area and offering the department to pre-med students in an effort to keep it open and at the same time reduce the high cost of running the department. While any changes to an organization can make the staff uneasy about their job security.In talking to the staff they are still a bit apprehensive and uneasy about what I will present to the board and are still worried whether or not their jobs will be on the cutting block. I have shared my findings with the managers of each department in the hopes that they could speak to their staff and calm some of their uneasiness. I have created a detailed report that outlines the current expenses that the hospital has, as well a detailed finding of my zero balance budget that will cut the expenses that the hospital has by more than 25% a year.