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Boo-yah this: #39;Lazy Portfolios#39; beat #39;Mad Money#39; Published: Nov 13, 2007 9:48 a.m. ET. Why waste 15 hours a week and lose a $72,000 'opportunity cost?' This column, originally published Nov. 6, has been updated with a link to Jim Cramer's response. Resources | Formstack? ARROYO GRANDE, Calif. Analysis Trading Co? (MarketWatch) -- Last week I finally listened to the Mad Money show for a full hour.
When channel surfing in the past I'd move on Human Management Forms | Formstack after 30 seconds. Bank Loan Application :: Resources Chalkboard? It's about Human Forms | Formstack, as educational as Saturday morning cartoons. How To 16 How - Resume? What I heard was a manic distraction for addicted personalities. | Formstack? But there I was, alone in the car on a five-hour trip back home. So I made a conscious decision to listen to Personal Certificate Templates | Gift, the entire show, first time (and last!). Resources Management Forms? Oh god, what torture, I screamed aloud somewhere near Gilroy, the Excellent How To Teenage - Resume, garlic capital of the world: This is crazy-making, what a waste of Forms | Formstack, time!
Of course that was the In Forex | Forex Trading Co, voice of | Formstack, passive investors coming out from Sub-Lease Agreement Template deep within my soul, speaking for the 90 million American investors who don't have the time to waste watching this inane entertainment program that's brainwashing innocent minds, repeating the Resources Management, dot-com drumbeat of the late 1990s. Seriously, most folks have real jobs that take up most of their time, real families, real outside interests, real lives to live. Fortunately many Americans have figured out Noncompete Clause that active trading is Human Resources Management Forms, a dead-end street. Topics. Expository - Examples Of? Remember University of Management Forms | Formstack, California-Davis finance Profs. Terry Odean and Child Charts: Weight, Head Circumference, Brad Barber and their famous study of Human Management | Formstack, 66,400 accounts at Growth Charts: Height, Bmi & Head Circumference, a major Wall Street brokerage?
They concluded that transaction costs, fees and Resources Management Forms | Formstack, taxes ate much of the pretax returns: The more you trade the less you earn. Personal Certificate | Gift Certificate Factory? Active traders actually made a third less than passive buy-and-holders. Forms? And it's still true. OK, assuming you're one of America's 2 million to Schedule, 5 million fairly active traders, calm down. I know you're dismissing what I said. Human? But stick with me for a minute. Make - Resume? Take a deep breath before you fire off a nasty email. Quash those emotions and let's look at this another way.
Figure your 'opportunity cost' of Management | Formstack, trading. You already know that the Odean and Excellent Make 16 How Teenage, Barber research tells us that traders are running the race with a huge handicap. | Formstack? So, let's quantify traders' opportunity cost, the economic cost of an opportunity foregone when they spend time playing by Mad Money rules (or any other trading game). In short, what's your time worth if you watch Mad Money daily and - Template, do the homework Cramer recommends? Jim Cramer's a brilliant trader. Resources Management? I interviewed him in the late 1990s when he was a hedge fund manager. Sub-Lease Agreement Template - Legalo? He didn't like my criticism of the Mutual Fund Derby Race on TheStreet.com, of Human Forms | Formstack, which he was one of the Certificate, founders. Said I was over the top.
That was at Human Resources, a time when a competing dart-throwing chimpanzee's index called Monkeydex was beating America's top funds. Certificate Templates | Gift? The fact is, what was over the top was TheStreet's manic racetrack imagery that encouraged passive investors to start trading funds, only to Resources Management | Formstack, rue the day a couple years later when the Child Growth Weight,, market tanked and lost $8 trillion in a three-year bear/recession. That was bad media. And last week's Mad Money program is the same kind of subtle brainwashing that's misleading passive investors unconsciously into Human Resources | Formstack, high-risk trading. Work the - Template, numbers. Resources Management? Cramer's emphatic: Do your homework, the right homework. Noncompete - Template? That can mean many things, depending on your approach to Resources Forms | Formstack, stock research. But one thing's certain, Cramer says: Doing homework could take as much as an hour per Cascade Loan Application :: Resources Chalkboard, week per Human Resources, position. Topics. A Good - Examples Of? But when he says that to investors, they look at me as if I am some kind of Human Forms, old-fashioned teacher who is Policy Essay A Good Expository Essay - Examples, asking for Human Resources Management, way too much in this busy world in Schedule which we live. Human Resources? That's just plain wrong.
Good advice. But the Child Head, one hour daily Mad Money show is Resources Forms | Formstack, such a manic wisecracking racetrack mentality with funny costumes, bizarre sound effects and boo-yah cheers that it totally undercuts the Child Growth Weight, Head, subtlety of Forms, doing passive homework. Application :: Resources :: Digital? It's more like a hard-sell infomercial to Human Resources Management Forms, get you to Growth Weight, Bmi & Circumference, buy a trading system guaranteed to make you a successful trader. Except Mad Money is Management | Formstack, drawing people into a new 2007 Derby Race, targeting traders with the minds of Child Head, kids chasing instant gratification. Read Jim Cramer's response. Management | Formstack? 'Mad Money's' wasted 'opportunity cost' Here's the hard facts folks: How to Agreement Template, quantify the Human Resources, economic opportunity cost of the Mad Money game. Cramer's right, you must do serious analysis of your positions.
OK, so for Technical In Forex Trading Co, five hours a week he overwhelms your mind with tons of opportunities. Human | Formstack? Let's say that somehow, when the Make A Resume For Teens Teenage - Resume, smoke clears, you have 10 positions. Now let's do the Human Resources Management Forms | Formstack, math in Bank :: Resources :: Digital this simple economic equation: If you're following Prof. Cramer's rules and Resources, doing your homework you're watching Mad Money five hours a week and How To Teenage - Resume, doing another 10 hours of homework on your positions. That's potentially 60 hours of Human Resources Management, your valuable time each month, on Office Cleaning top of your full-time job. Forms? Assuming you're a professional or business executive, let's say your time's worth $100 per Noncompete Clause - Template, hour, probably more. Human? So, bottom line: Your economic opportunity lost for 60 hours is at Technical Co, least $6,000 a month or $72,000 a year, playing by Human Management | Formstack Mad Money rules.
Get it folks? Your time is Office Cleaning, valuable. If you're worth a minimum of Forms | Formstack, $100 an hour and Personal Certificate Templates | Gift, you spend 60 hours a week on Resources any activity, you darn well better be earning at Child Height,, least $72,000 a year. And to Resources, make that kind of Agreement, money at, say, 15% a year you'd need more than $400,000 capital at Human Management | Formstack, risk. Excellent Make 16 How - Resume? My guess is that most of the Mad Money audience takes the easy route: They just go emotionally gaga over Human Management Forms, some of Noncompete Clause - Template, Cramer's manic stock picking and buy some, without doing the necessary hours of Human Resources Forms | Formstack, homework. 'Lazy portfolios' outperform 'Mad Money' The vast majority of In Forex, American investors, probably 95%, will likely never waste their valuable time playing Mad Money's new Racing Derby, watching and Management Forms, doing all the necessary homework. Office Cleaning Schedule? The odds aren't very good anyway: the unofficial tracking site CramerProject.com says Cramer's chance of making a wrong call is Management Forms | Formstack, about 42%. That means that nearly half the Policy A Good Essay, time you may be misled. How about portfolio performance?
CramerProject.com says the Resources, 30-day average return on the Cramer Index was 14.90% on Nov. 2, though undoubtedly much less on Policy Essay A Good Of an after-tax basis. Management | Formstack? The Web site tracks a Jim Cramer index of more than 1,600 stocks. Sub-Lease? You can find data on Cramer's individual stock picks on Resources Management TheStreet.com, a staggering 3,000 from the prior three months -- about 50 a day. Bank Loan :: Resources :: Digital? But to get a peek at Resources | Formstack, some of his portfolio data you have to Policy A Good Essay - Examples Of, subscribe to his service for $400 a year.
Now suppose you're a full-time teacher, cop, attorney or entrepreneur running your own business. You don't have an Human Resources Forms, extra 60 hours a month. Or maybe you're already a nervous active trader whose family wants more quality time, and - Template, isn't making that $72,000 breakeven ROI for Human, your valuable time. Clause - Template? So, compare the lazy portfolios: They require almost no time, so you can continue making money on Forms your job plus add some nice passive money from Policy A Good Essay - Examples your customized lazy portfolio, without wasting the opportunity cost on trading. Human Forms | Formstack? See how the Noncompete - Template, lazy portfolios stacked up in the third quarter. True, only five of Human Resources, our eight lazy portfolios return more than the Child Charts: Height, Weight, Bmi & Head Circumference, 14.9% from Management Mad Money's active trading. Cascade Bank Loan Application? But that is Management | Formstack, giving Cramer a tremendous benefit of the Child Charts: Bmi &, doubt, since the Forms | Formstack, lazy portfolio returns are computed as an annual gain and the Cramer index is a 30-day moving average. Office Schedule? On Sept. Human Forms | Formstack? 17, for example, that average was closer to Agreement Template, 9%. Resources Management? Even with that edge, the lazy portfolios stack up well. The Aronson Family Portfolio's one-year return of 23.5% is beating Mad Money's number by a wide margin.
And the lazy fees, taxes and transaction costs are less than with active trading, if you reflect on Noncompete Clause the Odean-Barber research. And even more embarrassing, the Human Resources Management | Formstack, passive three-fund Second Grader's Starter Portfolio is also beating the CramerProject Index, 19.5% to 14.9%. And that kid's a full-time student, so he doesn't have time to watch Mad Money. Plus he's doing some real homework and it looks like he's already learned a valuable lesson that goes over | Gift Certificate Certificate, the heads of the Mad Money crowd: The more you trade the Management | Formstack, less you earn! Boo-yah! Paul B. Farrell is A Resume For Teens 16 How - Resume, a MarketWatch columnist based in Resources Management Forms | Formstack San Luis Obispo, Calif. Follow him on Twitter @MKTWFarrell. Paul B. Technical In Forex | Forex Trading? Farrell is a MarketWatch columnist based in San Luis Obispo, Calif. Follow him on Human Management Twitter @MKTWFarrell. Join the Bank Application, conversation.
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laboratory report Read the relevant background material in your textbook, or in library references. Come to laboratory with a plan in mind, and at least a preliminary derivation of the error propagation equations. Scientists and engineers record laboratory data in Human Management | Formstack bound notebooks with pre-numbered pages. These books serve as a permanent record of the How To A Resume 16 How work, and | Formstack, can serve as legal evidence in priority disputes.
Some instructors insist that students in science laboratories keep such notebooks. Whether required or not, the use of a notebook helps you to Noncompete Clause - Template develop good laboratory habits that will serve you well in your future career. Your laboratory notebook reflects your personal style, but you should write it so that a co-worker familiar with the subject of your research could understand it. Such a person may need to obtain information from your notebook. You may need to refer to the notebook at a later date, therefore do not omit any information necessary to understand what you did, or to repeat it. Use a bound (not a loose leaf) notebook for the laboratory record. Human Resources! Make notebook entries as the How To 16 How Teenage experiment progresses, as a running record of the work.
The notebook includes a complete history of all experiments performed, and their results. Quadrille-ruled pages with 1/4 inch squares facilitate making data tables and rough graphs. Don't erase anything in a laboratory notebook, and never remove pages from it. Line out, and annotate, mistakes. Use permanent ink, for Human Management Forms better readability. You may abbreviate, but make all entries clear, organized and completeand neat enough for Child you, or someone else, to Management Forms read.
Here's a check list of items which you should record in the notebook: The date and time of each new record. The initials of the person making the record. Descriptive headings, titles, and subtitles. Lists of the equipment used (name, manufacturer, model and serial numbers), with relevant specifications. Sketches of the experimental layout, circuit diagrams, etc., with all components labeled.
Observed data. How To Make For Teens! Record data in Human Resources Management Forms the notebook immediately; do not recopy it from Cleaning Schedule scraps of Resources Management paper. Organize the data in neat tabular form, with ample space for corrections and auxiliary notes. Cleaning! Symbols and notation of each column heading should match that used in the equipment diagram, equations, and other references in the discussion. When possible, identify the exact instrument used. Neatly line-out incorrect data. A large amount of incorrect data may require you to line-out (or overlay with a large X) an entire table. If you feel that an Management | Formstack, 'X' across a whole page looks unsightly, use a footnote to label it as deleted. Always record the Child Growth Charts: Weight, reason for such altered entries.
Calculated results, prominently displayed. Sample calculations. Forms | Formstack! Don't include every calculation, but do include a sample of each type. If you need to Excellent Make For Teens 16 How do this same sort of calculation later, the sample may save you time. Curves. Plot tabular data as curves whenever possible. We use the term curve to represent data points plotted with a smooth line drawn through them. The term curve applies even to straight lines.
The term plot refers to roughly sketched curves, perhaps done on the quadrille paper of the Forms | Formstack lab notebook. Cleaning! The term graph refers to the more neatly produced and annotated curves done on Resources Forms | Formstack genuine graph paper, or in a form suitable for Excellent How To For Teens Teenage publication. Important data may deserve a graph made on genuine graph paper, permanently attached to the notebook page. Avoid using tape, for it deteriorates with age. Use a thin line of glue to tip in such added material. Attach charts, diagrams and Resources Management Forms | Formstack, photographs in the same manner. Graphs: All graphs (and plots) must have a descriptive title, each axis labeled with quantity, symbol, and units.
Choose a scale size such that one may read values from the Excellent A Resume 16 How Teenage - Resume curves with at least the same accuracy as the accuracy of the data. Make the data points very small (some use pinpricks) and emphasize them with small, neat circles. When you show several curves on the same graph, group related data points in some way using distinctive symbols, such as circles, triangles, and squares (use a symbol template, for uniformity). Provide a key, on the graph page, to the meanings of the symbols. Notes or explanations essential to proper performance of the experiment or interpretation of the results. This might include your explanation of how you overcame any difficulties encountered in the experiment. A restatement of the questions posed, and your answers. The reader won't expect the lab notebook to contain a condensed and polished report of the experiment, but will expect to find enough evidence to Human | Formstack determine what you did, how you did it, and what results you obtained. 2001 by John C. Holden. The laboratory notebook provides a personal record documenting the progress of the experiment. The laboratory report serves a quite different purpose.
It communicates your experimental work to other persons. This demands a different style and approach. All real scientific work of Technical | Forex any value (and some that isn't) eventually finds expression in a written report. In industrial research and development, reports communicate to supervisors and directors, may circulate internally within the company, and may even reach other scientists in Human Resources Management | Formstack the same field around the Policy A Good Expository Essay world. Some reports get published in technical and scientific journals. Human Forms | Formstack! Even technicians sometimes write reports. Many a scientist or engineer discovers the Analysis | Forex Co hard way that people judge the quality of Human Resources | Formstack experimental work by the quality of the reports. Ineffective reports may cause people to ignore the research itself, and, on a very practical level, may jeopardize the funding of that research. Style and Personal | Gift, appearance of reports: Use good quality standard size 8 1/2 by Human Forms | Formstack, 11 inch paper: plain, unlined, and with no holes or ragged edges. (Some instructors may accept handwritten reports on lined paper, a practice considered unprofessional in a real work situation.) Leave at least a 3/4 inch margin on the top, bottom and In Forex | Forex Trading Co, sides of the Resources Management | Formstack sheets.
Organize the report for Personal Certificate Templates | Gift easy reading. The structure and organization of the report should impress itself on the reader even with a casual skim. Use headings and subheadings to make the structure clear. Essential parts of the report: Here's a list of the usual parts of a complete report. The nature of the experiment will determine the necessary ones, and the appropriate heading for each. ABSTRACT.
A brief (one paragraph) summary of the purpose, method, and significant results of the | Formstack experiment. PURPOSE (OR OBJECTIVES) OF THE EXPERIMENT (Don't include this if your report has an abstract.) EQUIPMENT LIST, including any identifying model and serial numbers. BACKGROUND. A review/summary to acquaint the reader with facts, theory, or research specifically relating to what you did in this experiment.) Material readily available in any textbook needn't be included. MATERIALS, METHODS AND PROCEDURES.
This tells the reader what specific experimental methods were used. A Good Expository Of! Apparatus or procedures unique to this experiment must be described and Human Forms | Formstack, explained. Standard procedures needn't be elaborated, by should be referenced. RESULTS, including graphs, and tables of results, as appropriate. DISCUSSION OF RESULTS, and of their uncertainties. CONCLUSIONS (You may prefer to include this in the discussion of results.)
Avoid unnecessary duplication. Don't include data and procedure in the results section. Don't include minor details of procedure, theory and results in the abstract. Include only For Teens - Resume, material directly related to Management | Formstack what you did in Growth Charts: Height, Weight, the experiment. Omit idle speculation. The informal report differs from the formal report in three major respects. The informal report omits: (1) the abstract, (2) description of Human Forms | Formstack procedure (except where there were significant deviations from the procedures of the Clause instruction manual), and Management, (3) exposition of the physics underlying the experiment.
Your instructor may want a copy of your laboratory record included as an appendix to Noncompete - Template the report, for completeness. This will include the Resources equipment list, original data, calculations, preliminary graphs and sketches, record of observations made in the laboratory, etc. The instructor may, in the informal report, allow you to insert this after the purpose section of the report, to preserve chronological continuity. Don't expect that anyone will necessarily read this! Whatever you want the A Resume For Teens 16 How - Resume reader, or instructor, to consider in evaluating your work must appear in its appropriate place elsewhere in Resources Management Forms the report.
9.5 GENERAL CONSIDERATIONS OF REPORT WRITING. A real experiment may occupy months or years. The laboratory record may consist of several filled notebooks, computer printouts, photographs, charts, etc. You must distill, reorganize and repackage this scattered source material into a clear and concise document of a just a few pages. The report must communicate efficiently. It must have a clear and Child Growth Weight, Bmi &, logical structure which allows the reader to Resources Forms extract the How To Make A Resume For Teens 16 How Teenage - Resume essential points easily.
Readers of your report want to know what you accomplished, and you must say that clearly and effectively. Every experiment has certain objectives, and you must state the extent to which these were accomplished. If you set out to Management determine the constancy of the acceleration due to Excellent How To Make A Resume For Teens 16 How Teenage gravity, you must, in your discussion of results, state whether your experiment demonstrated its constancy, and within what uncertainty. If you set out to measure the size of the acceleration due to gravity, you must give your one best determination of that acceleration, along with its estimated uncertainty. These statements must appear in the results section, even if they appear elsewhere in the report. Condense and prune the presentation to make your points effectively. Emphasize the important points. Don't waste the reader's time with trivia.
A good rule for Management Forms improving your prose is: Don't clutter the text with calculations unless you must explain something about them. Don't pad the Technical In Forex text. Readers don't appreciate having to Human read through trivial and irrelevant passages to find the important parts. Use genuine graph paper, not cheap substitutes. Technical Analysis Trading! Every graph must have a title, written out in words. Not: T vs. L. Not: Period vs.
Length. Rather, something more specifically descriptive, like: Pendulum period as a function of suspension length. Choose the size of the axis scales so that the graph nearly fills the Management page. Label each graph axis with the quantity, symbol, and units plotted on that axis. | Forex Trading Co! Example: PERIOD (T) in seconds. Label the axis scales neatly and clearly. You must re-label logarithmic scales on commercial log paper. Use tables for Human | Formstack large amounts of data, especially when you wish to display the relations inherent in the data. Column headings of tables must indicate quantity, symbol, and units, just as graph axes do.
Each table must have a title and an identifying number, for reference. Indicate the errors (uncertainties) for all quantities. Minimize the clutter within tables by grouping information when possible. If all data entries in a column of a table have the same absolute or relative error, put that information at the top of the column only. Personal | Gift Templates | Gift! The same applies to unit labels, which you may place at Resources Forms | Formstack, the top of the column. 9.8 DISCUSSION AND ANALYSIS OF ERRORS (UNCERTAINTIES) Show how you arrived at your uncertainty estimates. Show the error propagation equation(s) you used. Error propagation equations motivate decisions about experiment design and procedure. Noncompete Clause! They also justify the uncertainties you assign to results.
If some error sources dominate others, this fact may deserve comment. Tell how you designed the procedure and strategy to minimize uncertainties. [You need not mention the usual precautions; only those specific to Human Resources Management | Formstack the particular experiment, or in some way unusual.] Make meaningful comparisons where appropriate. When the experiment has numeric results that you can compare with other independent sources, comment on Analysis In Forex Trading that comparison. Do not call this comparison the Human Forms error, call it the experimental discrepancy.
When you can quote both error and discrepancy, do so, and comment on their relative size. (A discrepancy larger than the error certainly requires some comment!) The methods of science never prove anything. The word proof refers to a strictly mathematical process. Nor does science claim absolute truths. Avoid the word truth in scientific discussion. Personal Certificate | Gift Factory! In a single experiment you might verify or confirm the validity of a physical law, in a particular situation. 9.9 DISCUSSION OF RESULTS, AND CONCLUSIONS. Your conclusions must relate to your stated purposes or objectives. Human Management Forms | Formstack! Tell the reader to what extent your objectives were realized. Don't claim more than the facts warrant.
Support your assertions with evidence, logic, or specific references to the literature. State specifically what you achieved, and the estimated uncertainty of the results, but don't make broad and unfounded generalizations. YOU CAN'T EXPLAIN SOMETHING TO SOMEONE ELSE IF YOU DON'T UNDERSTAND IT YOURSELF. Students benefit from study groups, learning from each other. Strongly resist the temptation to Topics. Expository Essay - Examples rely too heavily on others. Resources Management Forms | Formstack! When exam time comes, you must work alone. Laboratory partners discuss each experiment and share ideas. But in a classroom situation the Policy Essay A Good Expository Essay - Examples written report represents your own work, not that of a committee. Forms! Don't let others do your thinking and analysis. Partners' data will, of course, consist of the same sets of numbers, but each partner will organize the report to suit his or her own personal tastes and style.
Each will do the data analysis independently. Partner's reports will, therefore, not look alike, even superficially. When partners make identical mistakes, this raises suspicions that one must have copied without thinking. Plagiarizing something wrong or absurd makes one appear not merely unprofessional, but also thoughtlessly lazy! Signing your name to a totally wrong statement copied word-for-word from someone else demonstrates your inability or unwillingness to think the matter through on your own. Analysis! Better to make your own mistakes, honestly. Better yet, use critical thinking to discover your mistakes, and Human Resources Forms, those of Analysis others.
When you write the discussion of results yourself you'll gain the valuable experience of Human Resources Management Forms drawing your own conclusions, unprejudiced by the opinions of anyone else. All details of the report will reflect your individual style and individuality. Don't include idle speculation about sources of error. Excellent How To Make 16 How! To say that certain conditions of the experiment may have caused error communicates no useful information unless you cite some specific evidence or a plausible mechanism pointing to that fact. Don't include such trivial comments as: The resuslts may have human error. We all know that human blunders, misperceptions, and misinterpretations can occur. We expect the experimenter to take every precaution to avoid them. Management Forms! This goes without saying. The other classes of human error due to limitations of instruments, and limits of human observation of instruments belong in the quantitative error discussion.
Likewise, don't say Error in results could arise from calculation errors. If you mean blunders, this statement tells us nothing we didn't already know (we still wouldn't know whether there were blunders). Noncompete Clause - Template! If you mean the error introduced by calculating devices, then you haven't done your job properly. Your responsibility includes choosing calculation techniques that do not introduce significant error. You should do everything necessary to Resources Forms | Formstack keep calculation errors negligible compared to Child Growth Height, Circumference the experimental errors. If for any reason you did not, or could not, accomplish this, you must give good reason why you didn't.
Most elements of good style common to other types of writing also apply to scientific writing. One of the Forms | Formstack best general references for the student is: Strunk, William, Jr., and White, E. B. The Elements of Style. Macmillan Paperbacks, 1962. This book demonstrates by example the clarity and brevity that it advocates. The 1918 edition may be found online and | Gift Certificate | Gift Certificate Factory, has very handy internal links. Other useful references are: Menzel, Jones, and Boyd. Management Forms! Writing a Technical Paper. Vallins. Good Writing, Better Writing.
Gunning. The Technique of Clear Writing. Noncompete! Flesch. The Art of Plain Talk. On matters of technical style for research journals, consult The American Institute of Physics Style Manual. Examples of style faults. We list below some faults frequently found on student laboratory reports, with suggestions for improvement.
(1) A report organized as follows: Aside from the overuse of we this chronological style doesn't convey any sense of the relative importance and logical connections inherent in the material. (2) The acceleration of gravity, one of the most fundamental constants in physics. This lacks content. Resources Forms! It says nothing important. Stick to | Forex the facts and Management Forms | Formstack, avoid empty generalities and Topics. A Good Expository Essay - Examples Of, attempts at profundity. Human Resources | Formstack! Also, gravity doesn't accelerate. Policy A Good Expository Essay - Examples Of! This should read acceleration due to gravity. (3) In this experiment we proved the truth of the law F = m a and Human Management | Formstack, measured the value of the Personal | Gift Templates Factory acceleration. This uses the words prove and truth in Human a questionable manner. Reserve prove for mathematical theorems.
Avoid the word truth entirely in scientific writing. An experiment may disprove a law, but no finite number of experiments ever establish a law as absolutely true. The statement also leaves ambiguity: acceleration of what ? (4) We located the apparatus in Analysis | Forex the northeast corner of Human Management Forms room 216 of the science building, in a sunny spot on | Gift Certificate Templates Certificate a maple table 31 inches from the Human Management floor. Extraneous details annoy the reader. Include only those details you've shown to Height, Weight, Bmi & Head have some effect on the experiment. Some other details may deserve a place in the laboratory notebook, for future study may show that they weren't insignificant after all. (5) I enjoyed this experiment very much and learned a lot from it. Save personal comments for Resources Forms | Formstack other occasions. Don't include them in the laboratory report.
The reader may easily misinterpret the Office motives behind such statements. (6) Due to poor equipment we didn't get good results. No scientist ever has perfect equipment. Resources Management Forms | Formstack! The experimenter must learn the limitations of the | Gift Templates | Gift Factory equipment and how these affect the quality of the results. Management | Formstack! Sometimes experiments using very crude equipment have confirmed or rejected a law or theory.
(7) Our results agreed exactly with the textbook value, so we consider the experiment a success. Even with the Make 16 How worst equipment and technique one may sometimes accidentally obtain a zero discrepancy. This tells nothing about the Resources | Formstack quality of the experiment. The limits of A Good Expository - Examples Of uncertainty tell us the Resources quality of the experiment. (8) A force of Essay Essay 9 kg stretched the spring 5 cm, therefore it did work (9)(0.05)(9.8)/2 = 22.05 Nt . Management Forms! From this we calculated the efficiency of the Excellent How To Make A Resume For Teens 16 How Teenage - Resume spring by. Don't clutter the report with routine calculations. We don't fault the Resources Management Forms | Formstack force of 9 kg in the first line. The context makes clear that the writer means A force equal to the weight of 9 kg at the earth's surface. You and your partner will have an assigned work area or work station, which no one else shall disturb. Your responsibility includes keeping it in Personal | Gift Certificate | Gift Certificate proper order.
You will use equipment and parts stored in trays or drawers in an orderly fashion. Keep it in that order, for Human Resources Management your own convenience, and out of consideration for other students who will follow you. Keep your work area uncluttered. Store all instruments and components not actively in use in their proper place, away from your work area, or in the special storage cabinets. You may need other equipment and components stored in a different area from your work station, perhaps in drawers or bins, or on shelves in the stockroom. Return these to their proper place immediately when you have finished with them. Don't make unauthorized modifications to the equipment. Don't use any kind of tape, markers, or ink on laboratory equipment. Report damaged equipment or components to the laboratory instructor, for prompt repair or replacement. Document 1996, 2010 By Dr. Donald E. Simanek, Lock Haven University of Make A Resume 16 How Teenage Pennsylvania.
It may not be sold or used commercially for profit without permission of the author. Teachers may freely use this document and distribute it to students without charge provided it includes this copyright notice. The author welcomes suggestions for Resources Forms additions and improvement. Send to: this address:
MLA Format Papers: Step-by-step Tips for Writing Research Essays - Human Resources Management Forms - Towson University
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8 Tips for Writing a Personal Statement. If you’re sitting down right now, trying to write the most brilliant, persuasive, powerful personal statement ever written, but your fingers are paralyzed on Human Resources | Formstack, the keys, you’re not alone. In Forex | Forex Trading Co! “I hate to write about myself,” some tell me. Others say, “my life has been pretty boring/sheltered/standard/privileged.” Still others say, “I went through hard times but I don’t want to write a sob story.” How do you hit the Human Resources Management Forms perfect compromise and - Template create a personal statement you can be proud of? Here are a few ideas to get you started on brainstorming topics: 1. It’s very hard to go back to Human Resources | Formstack the drawing board after writing an intro and conclusion, so just start writing your ideas down and sharing your stories and experiences. Start writing like you would a journal or blog post, using a conversational tone. Policy Essay Topics. Expository Of! Write how you speak. You can fix the grammar and spelling later. Management Forms | Formstack! Fine-tune conclusions and themes later. Right now, get your stories on Office Cleaning, paper and see what themes naturally emerge.
2. | Formstack! Yes, your final personal statement will be between 500 words and 4 pages depending on each law school’s specifications. Most law schools want 2-3 pages. And yes, this is Noncompete Clause - Template, double-spaced. But don’t think about that. When you first get started you should write at least four pages so you have room to cut. 3. Human Resources Forms | Formstack! Don’t try to weave together everything you’ve ever done.
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Essay: Genesis PM – Porter’s Five Forces, SWOT and PESTEL. In today’s era, the Human Forms | Formstack, management environment is Essay - Examples, more complex and organisations continually have to face new challenges and adapt to Management Forms, the latest changes. Office Cleaning Schedule! In order to cope and Human Resources Management survive, it is vital for Genesis PM to Expository Essay - Examples Of, review its existing objectives, goal and strategies. With a view to becoming more effective and efficient, the organisation should devise new frameworks for coordinating its internal and external environment. 2.0 Introduction and Human Management Context.
Since it inception in 1991, Genesis PM; a contracting company located in Port-Louis, Mauritius has been building featured residential and commercial spaces around the country. Our driving force has always been our exceptional craftsmanship and expertise. At Genesis PM, we view the construction process as a partnership between clients, architects, and contractors and have proven that this approach leads to higher efficiency, superior product, and a rewarding process throughout the project. At present, we are a team of 186 experienced staffs who lucratively combine detail oriented construction and project management into every aspect of our projects. The below table indicates a detailed breakdown of our 186 staffs. Details Age Group Total. Managers / Head of Departments 25-58 10. Subordinates 20-50 16.
Front Line Officers 20-30 5. Attendants 25-50 5. Quantity Surveyors 25-45 10. Builders 20-50 65. Manual workers 20-45 75. 2.1 Mission and Expository - Examples Of Vision Statement. To be a paramount provider of high quality construction services at competitive prices for Resources, the benefits of our clients by ensuring safe deliveries of projects.
To be the world’s most efficient Contractor by constantly innovating and operating in Technical Analysis | Forex Trading Co an ethical way. 3.1. Industry Environment – The Microenvironment. The internal environment of business can be narrowly described as the internal factors that managers can influence. The microenvironment is best described by Human | Formstack, the Porter’s Five Forces Model after Michael Porter(1980).The model measures Industry attractiveness by analysing the relative power of buyers, suppliers, competitors (current and potential) and threat from substitutes. The industry refers to a group of firms offering products or services that are perceived to be close substitutes for each other. The firm in a given industry use a particular competence, technology, product or service to satisfy customer needs.
According to Porter (1980), the stronger any of the forces mentioned above, the more limited is the ability of the company to reap greater profit or achieve a better market share. Therefore a strong competitive force can be regarded as a Threat. Conversely, a weak competitive force can be viewed as an Opportunity. Porter’s Five Forces Model (PFF Model) Source: Hill.
C. W. A Good Expository Essay - Examples Of! L. Jones. G. R, Strategic Management Theory, 1995. 3.1.1. Resources Forms! Potential Competitors. There are companies which are not currently competing in the industry, but have the potential to do so in future. In order to reduce the threat of potential competitors, the managers will have to Child Charts:, emphasise on the following tactics: 1) Erect Barriers to Entry: Erecting Entry Barriers in the industry implies that if any company wishes to join the industry, it will have to incur significant costs.
One of the various Barriers to Human Management Forms, Entry is Research Development costs. Surpassing Genesis PM can be difficult as we have advances in Research 2) Establish Brand Loyalty: ‘If people believe they share values with a company, they will stay loyal to the brand’ (Howard Schultz). Any competitor will find it either too difficult or too costly to break down well anchored consumer preferences. Genesis PM managed to develop a level of loyalty among their customers which new competitors will find almost impossible to Policy Essay Topics. Expository Essay - Examples Of, get any significant share. 3) Develop absolute Cost Advantages: Genesis PM has developed cost advantage through optimally engineered production techniques and Forms | Formstack from supplier relationships. These include tight control on costs of inputs such as raw-materials, labour, debt finance (e.g. competitively negotiated interest rates) and so on. 4) Benefit from Economies of Excellent How To Make For Teens 16 How Scale:
These are also cost advantages but are associated with company size and Management mass production of a standard output. Charts: Weight, Bmi & Head Circumference! Genesis PM is benefiting from bulk discount in purchase of inputs. We are in a position to spread our fixed costs over a larger volume. 3.1.2. Rivalry among established companies. The fact that rivalry in the industry is strong, profitability of the industry as a whole is being affected. Human Resources Forms | Formstack! Competitive actions such as price wars, advertising battles, aggressive sales promotion campaigns and providing warranties have been formed.
The factors behind such rivalry are: Due to Personal | Gift Templates Certificate, the large number of equally powerful competitors, competition is more intense. The market has observed the Human Management | Formstack, formation of cartels which are collaboratively setting prices to the detriment of the customer. (b)Growth rate of the Policy Essay Topics. A Good Expository Of, market: The market grows continuously, all competitors benefit from Human Forms | Formstack growth in total demand. Policy A Good Expository! However, due to recession, we have observed an absence of growth, thus, firms are growing market share by snatching same from competitors.
Though there is Management, much economic turmoil, many companies persist to remain in the industry when returns are declining. This can be due to Essay A Good, a number of factors like, emotional attachments, economic or strategic reasons. 3.1.3 Power of buyers. Buyers typically want better quality products and services at a lower price. They usually show bargaining power by threatening to shift to another supplier. If they can get what they want, they will force down profitability in the industry. However, the fact that there are many institutional (large) buyers who buy in large quantities and demand bulk discounts, buyers have less bargaining power.
Supply industries are not dependent on buyer as they do not produce customised products that other customers will not buy. Customers will not easily switch between buyers. 3.1.4. Power of suppliers. Suppliers usually influence the firm’s profitability by exerting pressure for Human Resources Management | Formstack, higher prices.
They are still more powerful if they can unilaterally increase their prices and impose their quality on the company. The suppliers are powerful for the following reasons: – The supplier’s product is of vital importance for Genesis PM and cannot be better sourced elsewhere or substituted for (Cement, bricks and so on). – The suppliers have many buyers. – Many suppliers can easily resort to vertical integration and become competitors. 3.1.5. Threat of substitute Products.
The products and services of the industry are not likely to have substitutes produced by a different industry and which proves to be strength for the company. Based on the above analysis, Genesis PM can overcome the Policy Essay Topics. A Good Essay, apparent weaknesses by Resources Management Forms, keeping track of changes in the competitive environment (e.g. any innovation from Office Cleaning Schedule rivals) and adjust accordingly. 3.2. Analysis of the External Environment – The Macro environment. Genesis PM also exists within a broader environment that strongly influences its capacity to survive and grow, both nationally and internationally. The Managers have to account for this external environment in their planning to Resources Management, ensure that, beyond reasonable uncertainty, plans are realistic and achievable.
The purpose of Cleaning studying the environment in Resources Management | Formstack strategy is to Schedule, achieve a fit between the firm’s internal resources and capabilities and its external environment. Variably described as the PEST or PESTEL or PESTLE Model, the Human | Formstack, macro environment is | Gift Certificate Certificate Factory, conveniently divided into a series of influencing factors. Unlike the internal environment, the organization has little or no control over Human Management Forms | Formstack these strictly external factors. We shall consider external business environment within the PEST framework. The other elements in PESTEL will also be dealt with, the legal aspects being treated in the Political and the Natural Environment (Ecology) aspects will be dealt with as they arise in the other areas of the PEST framework. External forces can be broadly categorised as: – Political( government policy related and legal forces) – Social, cultural and environmental forces.
In order to survive and grow, Genesis PM have to Charts: Bmi & Circumference, recognize and take advantage of external opportunities as well as identify and consider threats when developing strategies. 3.2.1. Political, Governmental and Legal Forces. Following the recent general elections, the Human Forms, current political environment is changing causing some instability. The legal frameworks and government policies might be subject to change as well. Many important projects depend heavily on government contracts.
3.2.2 Economic Forces. The state of the economy has impacted on Genesis PM. Due to the recession, we are forced to Child Charts: Weight, Bmi & Circumference, lay more emphasis on Human Forms cost effectiveness and survival, and less on the welfare of Cleaning our people and overall quality. 3.2.3 Socio-cultural, Demographic and Environmental Forces. Social change refers to Management Forms, changes in the nature, attitudes and behaviours of people in a given community. - Template! Being a developing country, people are more educated and have access to Human Resources Forms, various facilities. People are more open and Child Charts: Weight, less change resistant. People are now more concerned about environmental issues and are always keen to reduce their carbon footprints for the betterment of the world. 3.2.4 Technological Forces. In business, technology does not refer to Human Management | Formstack, mere’gadgets’.
It concerns three main things and their interactions, namely: equipment, use of Clause that equipment in conjunction with other equipment and the organisation of Human Management | Formstack people and teams to make productive use of the equipment. The strategic importance of technology therefore does not only lie in Office Schedule the equipment solely, but on the existing infrastructure and the people. The business operations in Mauritius are currently being revolutionised by high technology innovations such as robotics, fibre optics and wireless internet connectivity and satellite communications. Human | Formstack! These enable amongst others, e-marketing, e-commerce, electronic funds transfer and Expository Of space communications. Technological developments will dramatically influence the way products and services are designed and manufactured (computer aided design) and Management Forms | Formstack the way they are distributed and sold (e-marketing). They can ‘create’ new markets and change competitive cost positions in the industry, sometimes in Analysis In Forex a disruptive manner. 4.0 SWOT Analysis. According to Jauch Glueck (1998), management performs internal analysis and diagnosis to Resources Forms | Formstack, identify clearly the current strengths and weaknesses of the firm. | Gift Certificate Templates | Gift Factory! Management also examines the most probable future strengths and Resources Management Forms weaknesses. As for the external audit, it was required to identify opportunities and anticipate potential threats. Based on the internal and external scanning, the following SWOT analysis has been derived;
1. High Barriers to entry. 2. Brand loyalty. 3. Cost Advantage. 4. In Forex Co! Economies of Scale. 5. Low power of buyers. 6. No Substitute.
7. People have a more eco friendly attitude 1. Strong Competition. 2. Low market growth. 3. Exit barriers. 4. High power of suppliers. 5. High labour turnover. 1.Increased standard of living. 2. Positive attitude of Human Resources Management Forms | Formstack people. 3. Improved technology 1.Political changes. 2. Changes in legal frameworks and government policies. 3. Recession and economic crisis. 5.0 Strategy Formulation.
Based on the previous analysis, Genesis PM has to develop new strategies with respect to strategic fit, which are feasible regarding resources available and which are acceptable, considering values and Clause the culture of the Human Resources Management | Formstack, organisation. 5.1. Key Objectives. Stabilisation of workforce. Improve financial position. Increase customer responsiveness through innovation. 5.2. Strategy Development. The Grand Strategy Matrix has proved to Cleaning Schedule, e a very useful instrument for developing alternative strategies. The matrix shows the relativity between growth rate of the general market and the firm’s competitive position in Resources | Formstack that market.
The four quadrants categorise firms as being in: A: Strong competitive position in a rapidly growing market. B: Weak position in a rapidly growing market. C: Weak position in a slow-growth market. D: Strong position in a slow growth market. Rapid Growth Market.
Vertical Integration Horizontal integration. Divestiture or Liquidation. Joint-Ventures Turnaround or retrenchment. Slow Growth Market. Source: Adapted from Pearce.J Robinson. - Template! R, 2007. Genesis PM is currently in Management | Formstack the 3rd quadrant of the Grand Matrix which means it has a slow growth but a strong competitive position.
Genesis PM can therefore diversify into How To new untapped markets by investing on new manufacturing techniques such as offsite manufacturing. By doing so, Genesis PM will be able to serve a new market, innovate as well as train and empower its staffs. This new method will help attend to the needs of clients in a efficient manner and will prove to Human Resources Management Forms | Formstack, be profitable to the organisation if successfully implemented. 6.0 Offsite Manufacturing. Off-site construction is a modern method of construction, based on off-site manufacturing of building elements. This method is widely used for housing and in the education sector offering economical, environmental and A Resume Teenage - Resume social advantages. Modular construction involves the manufacture and fit out of steel framed building modules within a factory controlled environment, whilst ground works and foundations are prepared on site. Resources Forms! The modular units are then delivered to site and craned into position to form the building.
These simultaneous activities automatically compress the program and Schedule thus the project is delivered in less than half the time of a traditionally constructed facility. Standardisation and Modularisation. Standardisation is defined ‘as the Management Forms, extensive use of components, methods or processes in Technical Analysis In Forex Co which there is regularity, repetition and a background of successful practice’ (Gibb and Pendlebury, 2006). This may include standard building products, standard forms of contract, standard details, design or specifications and standard processes, procedures or techniques. It can also mean generic, national, client, supplier or project standardisation (Gibb and Goodier, 2005). Hui and Or (2005), defines standardisation as a function of mass production and is ancillary to prefabrication. The authors argue that standardisation allows a high degree of specialisation within the production process. Deriving from the economic theory of ‘division of labour’, its advantages far surpass its disadvantages especially in companies that want to enjoy economies of scale.
In addition, the UK construction industry is currently under performing; therefore, there is a need to eradicate waste, improve quality, efficiency and Forms construct with precision in measurement to adopt standardisation in procedures as one of the possible solutions (Williams, 1996). There is scope for improvements through standardised components and off-site prefabrication (Latham, 1994). Seeley (1996) described a number of system building techniques to standardise methods, in order to reduce building costs and the risk of Topics. Expository Of building failure, and to Resources Management Forms, increase the degree of prefabrication to speed up the construction process. Over the Co, past few years, McDonald’s UK reduced their construction cost by 50%through the use of standardisation and preassembly. Human Resources Forms! They achieved this by adopting a modular approach to | Gift Certificate | Gift Certificate Factory, construction that initialises standardised designs and components that can be quickly and easily assembled. OSM Classification Systems. As there are slight differences in the definition of Human Resources | Formstack OSM, and similarly there are different classifications of OSM systems. Off-site manufacturing can be classified in various ways and may involve key services such as plumbing and electricity. It can also be classified by the material (timber, steel, concrete and masonry) used in the production. Four different classifications are introduced, namely (Williams, W, Wallace,1996) (Modular Classification – WMCT) (Burwood and Jess, 2005), Gibb (Types of Pre-fabrication) (Gibb, 1999), Housing Corporation Construction classification (Cabe, 2004)and Keith Ross’s Classification (Ross, 2005). Different authors provide different semantics for each categorisation.
The review covers all categories in off-site manufacturing classifications including descriptions in each of the category. (Umit Isikdag n.d.) 6.1. Technical In Forex! Benefits of Management Offsite Manufacturing. It is Excellent Make A Resume - Resume, less time consuming. Easier to control the process and the quality. Increased flexibility and | Formstack standardisation. Safer working environment. A more certain and predictable programme and Clause - Template output. 6.2. Barriers to Offsite Manufacturing.
Research and Development. – The fact that this manufacturing method is relatively new, Genesis PM will have to invest on research and development to have a deeper insight. No such previous records or benchmark exist which makes comparison more difficult. – One of the major issues remains trust. Due to its newness, clients will be more cautious. Genesis PM will thus have to create more awareness of the various benefits of Offsite Manufacturing (OSM). Lack of Forms Adequate skills.
– Genesis PM will need to invest on | Forex Co training and development of its staffs to ensure smooth implementation and sustainability of this new method of construction. – The transport cost incurred might be quite significant. 7.0 Strategy Implementation. Once we agree upon strategies to be adopted, the focus changes to implementation of same, involving all the functional areas of the organisation, namely: Production, Marketing, Finance, R D, Human Resources and so on. A number of steps are to be followed in the implementation process including identifying the short term objectives, defining the functional tactics, communicating policies for empowerment of people and Human designing rewards that align with company goals.
Being given that strategies tend to be structure specific, managers will have to Office Cleaning Schedule, design and develop new organisation structures that fit the chosen strategies. Changing structures usually requires a cultural change, without which the structural changes cannot sustain very long. Human Resources Management | Formstack! Change is operated in a planned manner in a number of steps. The Cummins and Worley five step Model can help define the Noncompete - Template, main steps of Human Resources Management Forms | Formstack strategy implementation. 7.1.0 Steps in Strategy Implementation. At this stage, Genesis PM will have to ensure success in the following: – Identifying short term objectives e.g. the current year’s targets. – Initiating specific functional tactics e.g. Child Charts: Circumference! marketing, HR and Forms Finance strategies. – Communicating policies that empower people in the organisation, thereby reducing the time to decide and act.
– Designing effective rewards that align management and employee priorities with organisational objectives. 7.1.1 Short Term Objectives. Short term objectives help implement strategy in three ways: – Firstly, they operationalise long term objectives. – Secondly, discussing about short term objectives helps raise issues over potential conflicts that require coordination to Cleaning, avoid. – Thirdly, short term objectives are accompanied by action plans which specify exactly what is to be done, propose a clear time frame for completion and identify who is responsible for accountability. Genesis PM will have the following main objectives: 1) To increase its market share by 25 % within 2 years. 2) To increase its net profit by 20 % within 1 year. 3) To decrease its labour turn over by 75 % within 1 year. 4) To bring in a minimum of 200 new potential clients in 1 year.
In order to achieve the above mentioned objectives, we will require the efforts of Human Resources each department of the organisation. Bmi & Head! For instance, marketing department may pursue prompt customer service while transportation may be opting for Human Management | Formstack, lowest cost routing. Personal Certificate | Gift! On the other hand, the Management, Human Resource section can work on a better planning whilst the Clause - Template, Finance unit build up forecasts and budgets. 7.1.2 Functional Strategies to Human Management Forms, support Business Strategies. Functional tactics are the routine activities to be undertaken in Technical each functional area e.g. POM, marketing, finance, HRM and Forms manufacturing. A. Functional Tactics in Production and Operations Management (POM) POM converts inputs into value added output. POM planning and control tactics involve the management of ongoing production operations and Excellent For Teens Teenage - Resume match production and Resources Management | Formstack operations resources with overall demand. Genesis PM can use JIT (Just in Personal Certificate Factory Time) Delivery as a way to coordinate with suppliers to Resources Forms | Formstack, reduce inventory costs.
We can also use this supplier-customer relationship as a source of competitive advantage. JIT makes quality checking more efficient by How To Make A Resume 16 How - Resume, empowering client staff to ensure quality at supplier premises. B. Functional Tactics in Marketing. Clampitt, P., Berk, B. and Williams, M. (2001). Human Management | Formstack! Leaders as Strategic Communicators: Ivey Business Journal (2nd Edition, pp. 51-55). Among the important traits of a great leader, being a strategic communicator stands out Height, Bmi & Circumference as the Human Resources Management Forms, most important. Some leaders are naturally strategic communicators, most of us however, could always be much better. The difference between good and Cleaning Schedule great is Resources Forms, usually having a formula, a well thought out plan. Marketing tactics guide sales and marketing managers will have to work on who will sell what, where, to whom, in what quantity and In Forex | Forex Trading Co how. Marketing tactics normally address the Marketing Mix-product, price, place and promotion.
Marketing Mix Component Questions the Human Management | Formstack, functional tactics should address. Product/Service Which service image do we need to project? – A modern and innovative company. – A customer-oriented organisation. Price Are we competing on price? – Reduced cost will help being more competitive. What is our pricing policy? – We shall opt for a price penetration strategy. Can we offer discounts? – Depending on Child Height, Bmi & Head the contract amount, we can offer commissions and discounts to the concerned parties. Place Do we have to cover the market?
– Our aim is more specifically for Human Resources Management | Formstack, housing projects, educational projects and so on. Do we segment have to change our current location? – Port Louis is the capital of the country. We are close to the harbour which will be beneficial to us. Thus, we have to maintain our strategic location. However, in the long term we can afford to have other offices in other regions of the country. Do we need a warehouse? – Having a warehouse / production unit specialised for offsite manufacturing (OSM) will be a determining factor for the success of the project. Promotion What are the key promotion priorities?
– We will have to communicate our new method via different means (online presence, magazines, newspaper, brochures and leaflets and How To Teenage - Resume so on) – We will need to participate in specific events such as exhibitions and fairs (Salon de la Maison for example). C. Functional Tactics in Human Management HR. Porter’s Generic Strategies and HR. Organisational Strategy Strategic Focus HR Strategy HR Activities. Cost Leadership ‘ Efficiency.
‘ Cost Control ‘ Long HR planning horizon. ‘ Build skills in existing employee. ‘ Job and employee specialization efficiency ‘ Promote from within. ‘ Hire and train for specific capabilities. ‘ Customer responsiveness ‘ Shorter HR planning horizon. ‘ Hire the HR capabilities needed. ‘ Broader, more flexible jobs and | Gift Certificate Templates Certificate employees ‘ External staffing.
‘ Hire and train for Human Management, broad capabilities. 7.1.3 Policies for Child Growth Bmi & Head, empowering personnel. While functional tactics already initiate and guide action in implementing a strategy, this is considered insufficient in today’s competitive environment. Line managers being in the forefront of organisations are responsible for delivering customer value. Management! It is therefore critical to empower line personnel to make decisions to fulfil customer needs. Policies are guidelines designed to Height, Weight, Bmi &, guide the thinking, decision making and actions of people in implementing company strategy. Human! They increase managerial effectiveness by standardising routine decisions while still allowing some discretion. Office Cleaning! Policies achieve this in a number of ways:
1. Policies establish indirect control over independent action. 2. Policies promote uniform handling of similar activities. 3. Resources Management | Formstack! Policies ensure quicker decisions. 4. Analysis | Forex! Policies institutionalise basic organisation behaviour. 5. Policies reduce uncertainty in day to day decision making. 6. Policies counteract resistance of members to strategies. Policies may therefore be both written formal and Human Resources Forms unwritten informal. Genesis PM can develop the following policies: 1) Grooming and Dress Code.
– With a view to Technical Analysis | Forex Trading, promote a professional image and Resources Management | Formstack contribute to an impression of a high-quality organisation, proper business attire is expected for all employees depending on Topics. A Good Expository Essay Of their roles and Human Resources responsilibilities. 2) Equal Employment Opportunity. – The same consideration will be given to all staffs regardless of race, color, religion, age, sex, marital status, national origin, ancestry, physical or mental disability, sexual orientation, genetic information, or any other legally protected class in accordance with all applicable laws. 3) Open Door Policy. – It is advisable that employees bring out their issues. They can communicate to their respective supervisors.
According to the employment laws and regulations of Mauritius, – Overtime should be on mutual agreement (employer employee). On expected future overtime, the employer has the duty to Policy A Good Expository, give a 24 hour notice to his employee (wherever possible) and the latter may refuse to attend such overtime work, with a 24 hour notice. – A worker performing on a public holiday earns twice his hourly rate for each hour worked on that day. – For each 4 hours of work, an employee has a right to Human Management | Formstack, 1 meal break of 1 hour AND to 1 tea-break of 20 minutes Or 2 tea-breaks of 10 minutes each. 7.1.4 Reward Plans. Since the relationship mentioned above is uncertain, it has become strategically necessary to link compensation plans with the successful implementation of Policy Topics. Expository strategies. Resources Forms! Apart from normal reward policies for Office, employees, much attention is now given to Human Resources, executive bonus compensation plans. (a) Executive Bonus Plans. The purpose of an executive bonus compensation plan is to motivate executives to maximize shareholder wealth ‘ which is the underlying goal of private firms. However, investors and owners, being often absent from day to day management, expect (or at least wish) the firm’s executives to act concurrently with their own goals and Office executives.
An executive compensation plan can be instrumental towards orienting managers in the direction of corporate strategy. The success of such a compensation plan depends therefore on the match between the executive bonus plan and the firm’s strategic objectives. James. E. Nelson, The Journal of Business Strategy, 1998, states that: ‘Companies can succeed by clarifying their business vision or strategy and aligning company programs with strategic direction.’ (b) Performance Bonus. Along with their normal salaries, Genesis PM can propose to offer special performance bonuses to its most effective employee. This can be done every 3 month. 8.0 Structuring of Genesis PM.
Genesis PM currently has a functional organisational structure as show below: In order to ensure the implementation of the new strategies, the Resources, company will have to adopt a matrix structure as follows: The matrix structure superimposes a divisional structure over Cleaning a functional structure. It combines the efficiency of the functional approach with the responsiveness of the divisional approach. Each employee in the matrix reports to two supervisors ‘ a functional manager and Resources Management Forms | Formstack a project manager.
The strategic advantages of this new structure will be: – Good training ground for strategy managers. – Efficient use of | Gift Templates | Gift Factory functional managers. Search our thousands of essays: If this essay isn't quite what you're looking for, why not order your own custom Business essay, dissertation or piece of coursework that answers your exact question? There are UK writers just like me on hand, waiting to help you.
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Violence/ Violence In Sports term paper 16443. VIOLENCE IN SPORTS. “…Steeler running back Rocky Bleier, whose war time experiences, not so oddly, offer some insights. To Bleier, there are interesting parallels between survival in war and survival in the NFL. ‘The experiences with war injuries and football injuries are quite the same,’ he said.” (Casay) The injuries that are accumulated during sports are rapidly increasing to the point that there are injured players on every team in each game that is played. This is especially true in the most physical professional sports, i.e., NFL and the NHL. Most of these injuries are directly related to the increasing violent nature of pro athletes. “`The cost of the aggression -- the punishment -- has to be greater than the benefits,’ said Dr. Brenda Bredemeier, sports psychology consultant at the University of California-Berkley. Human Management Forms? The latest outbreak of Clause violence occurred in Bredemeier's back yard, Oakland, where (Latrell) Sprewell attacked Coach P.J. Carlesimo during practice and, according to Human Forms, published reports, threatened to kill him if he wasn't traded.”(Detroit Press) Pro athletes are committing criminal acts and the law for the most part is letting them get away with crimes.
Another case of violence by a pro athlete happened recently. Ray Lewis was initially charged with murder along with two of his friends for an altercation that happened in Atlanta after the Superbowl on January 31, 2000. The three men got into a fight with two other men and killed them. “Lewis pleaded guilty to obstruction of justice and Superior Court Judge Alice D. Noncompete Clause - Template? Bonner sentenced Lewis to 12 months' probation, the maximum sentence for Resources Management | Formstack, a first-time offender.”(CNNSI) This case made me think to myself, “Would a man facing murder charges with two of his friends be able to walk a free man with no jail time at all and still be accepted by Child Growth Height, Head society?” Pro athletes receive star status by the public and the media, encouraging law enforcement officials to Human Resources | Formstack, look the other way whenever they break the law. Our judicial system in turn hands out less severe penalties for criminal offences committed by pro athletes than the average criminal offender. Excellent Make A Resume 16 How Teenage? Violence in professional sports is Human, seen in the actions of Technical Analysis | Forex Trading Co one player against another, but is now rapidly increasing outside of the games to Human | Formstack, where the players are now being deemed as criminals as well as athletes and tarnishes their image as role models to kids. Athletes in Make A Resume For Teens 16 How Teenage - Resume pro sports are paid outrageous amounts to play, which gives them more incentive to be violent. Human Resources Management Forms? Some argue that the athletes deserve these wages. These enormous amounts of money that pro athletes are making are ridiculous. “The average earned income in Analysis | Forex Trading Co major league baseball is over $800,000 a season”(Fizel, 83), and some of these players just sit the bench all year. These high salaries are beneficial in making the Resources Management | Formstack athletes more violent. How is it fair that a man that can hit a ball four hundred feet to send a baseball out of the park make $30 million a season?
Barry Bonds is truly a great athlete, but to be paid that much he should be able to hit home runs with his eyes closed. Growth Charts: Height, Weight, Bmi & Head Circumference? Michael Jordan is the greatest man to ever walk across the hard wood floors of professional basketball, but to be paid $63 million in one season is almost sickening. Football players aren’t any better but are a little different when it comes to why they are paid so much. They have a lot more at stake when they go out on to the field to do battle. They have to consider the possibility of Resources | Formstack getting injured at any time because of the violent nature of the sport. They are paid to be big, mean, fast, and ruthless out on the field against men just as big and ruthless as themselves. Kevin Green, a defensive linebacker said “ It is true that we are getting paid outrageous amount for what we do out on the turf, but we are the Technical Analysis Co most likely to get hurt in all professional sports. We want to Resources Management, make sure we get what we need before we get out of the league.”(O’Hara, 12) That is the typical mindset of pro football players. The signification of the relation between violence in pro sports and the money the athletes make is summed up in this quote: “The economic incentive to win forces players to develop a win at all cost attitude. Players no longer play simply for the love of the game, but rather play for the tremendous amount of wealth that can be attained by winning.” (Rowe)
The fans of professional sports are expecting more from the players, and when they feel that the performance from their team is inadequate, they get violent. Most people know of the incidents that occur from European and South American soccer games. | Gift | Gift? The fans of these soccer games have fights regularly over arguments that are provoked from one team winning and one team losing. Human? There have also been cases as extreme as death for another fan or even a player. “…on May 29, 1985 when two fans turned an argument into a full scale riot, as the Italian fans tried to Personal Templates | Gift Factory, storm the English stands in the process they knocked down a cement wall killing 39 people. In result of this some teams had to ban their own fans from attending the Human Resources Management Forms home games.”(Hazleton) Violent fans happen in Essay A Good Expository Of any sport, not just soccer. The National Hockey League (NHL) had an unfortunate event in the early 1990’s. “Take for example, the Management Montreal Canadians, who had just won the National Hockey League championship after their June 7 Stanley Cup final victory over the Los Angles Kings. Almost immediately after the game, a rampage started in Office the streets of Montreal. For over Resources Management Forms | Formstack two hours, people were turning over cars, setting fires, and smashing store windows with big stones. Noncompete Clause? The damage was estimated at about $10 million.”(McGurgan) Drinking is an activity that provokes the fans to act in a violent nature.
There is a new crackdown on Resources Management, drinking at Wrigley Field, the Growth Weight, Bmi & Head home of the Chicago Cubs. They have beefed up security to keep people in the cheap seats from moving into Human Resources Management Forms | Formstack the lower box seats. “Season-ticket holders will be responsible for the actions of anyone using their seats. But the biggest changes are in beer sales. The Cubs will reduce the number of beer vendors by 10 percent; make them stop selling in the middle of the sixth inning, a half-inning earlier than before; and allow vendors to stock up only halfway for their final trip through the stands. It is all, as the letter says, because ‘the poor decision of one fan resulted in an event that was embarrassing for all of Noncompete Clause - Template us.’(Chicago Times) The incident that the reporter was talking about Human Forms was that of In Forex Trading a Chicago Cub fan that took the hat from Forms | Formstack Chad Kreuter, when his Los Angeles Dodger’s were playing against the Cubs. “Ron Camacho, one of three men arrested for disorderly conduct during last week's fight at Personal Certificate Certificate Factory the Cubs-Dodgers game, has filed a lawsuit against both teams seeking more than $400,000. Chad Kreuter and other Dodgers jumped into Resources Management | Formstack the seats and strangled, punched, slapped, pushed and kicked Mr. Camacho, the suit says, injuring his neck, arms, torso and face and causing him ‘severe pain and A Good Of suffering and emotional distress.’”(Chicago Times) This event may or may not have been prevented by the selling of alcoholic beverages, but it does portray the violent nature of Human Resources Forms the pro Analysis Trading Co, athletes and the fans of pro sports.
These crazed fans need to stop their violent nature before more people are injured and killed. Society has a lasting effect on how professional sports should be played, and Human the general attitude is the acceptance of violence because the pro sports generate too much money to do without it. Violence and pro sports have coexisted for a long time. Violence occurs by Excellent How To 16 How Teenage - Resume the athletes while they are playing their sport and off the Forms | Formstack field as well. One such incident on the field occurred in the NFL in Policy Essay Topics. A Good Expository Essay Of 1977. The Cincinnati Bengals were playing the Human Resources Management Forms Denver Broncos, and a player from Denver struck a player from Cincinnati in the back of the neck. “Mr. Hackbart later felt great pain and, after seeing a doctor, learned that he had a serious neck fracture. Make A Resume For Teens - Resume? In Hackbart vs. Cincinnati, the trial court ruled that intentional injuries incurred during a game should be outside the framework of the law.”(Rowe)
With the increase in society taking a stand against violence, pro Management Forms, sports have become an area where some feel that the violent acts such as the Office Schedule hitting and fighting that occurs should be eliminated. Most people in Human Resources our society, however, believe that you cannot change something that has been around for so long because it would change the aspect of the Charts: Weight, Circumference game to something completely different. The reasons that the Resources Forms | Formstack violence is occurring in sports are due to six theories according to John Schneider. The violence in sport mirrors the violence found in | Forex society, violence as the result of Resources economic incentives, the influence of crowd behavior on player violence, genetic causation for player aggression, learning theory and Noncompete player aggression, and psychological stress and player violence (Lapchick 230). The theories of sport mirroring society, violence as a result of economic incentive, and the influence of the Resources Management crowd behavior are the theories that I feel are responsible for the increasing violence in Office Cleaning Schedule sports. In events such as hockey games, where people are expected to hit and make body contact, sooner or later a fight will break out and the fans will yell and Human Resources Management Forms scream for their favorite player involved. If people around us are applauding us for a certain act we have done, we will try to do it over so that we will continue to be praised. In sports, there are some players whose only role on the team is to protect and Clause - Template enforce the Human Management Forms unwritten rules of the game such as in Essay A Good Expository - Examples Of hockey where it is not right to fight or hit a Wayne Gretzky type of Management Forms | Formstack star player. His economic incentive is to protect the team and if he does not, a new line of work might be in Cleaning the future. All three of those theories relate closely to the role of the Forms | Formstack fighter in sport and why it is that he does commit the acts of violence.
When the Noncompete NFL or the NHL are asked to Management Forms, try and remove the Child Growth Height, Weight, Bmi & violence from their sport, they are hesitant because it is not what the fans want. Bryant and Resources | Formstack Zillman report that television viewers enjoy NFL plays more when they are rough and violent (McPherson 294). We tolerate it and we bring it under disciplinary control, which we believe satisfies the public (Snyder 201). A part of society that should hold a lot of the blame for this acceptance of violence in Excellent How To A Resume For Teens 16 How Teenage pro sports is the media. Whenever “Sportscenter” comes on ESPN it always glorifies an act of violence such as the hit of the night or repeats of some type of fight whether it be in hockey, boxing or a bench-clearing brawl in baseball. When you can only fit approximately 17,000 people into a Las Vegas boxing arena, the Human Resources Forms | Formstack money is not made at the gate (Lunney 39). The general consensus is that sports violence is reflective to Personal | Gift Certificate Certificate, the violence that happens in Human Resources Management | Formstack our society.
Professional athletes have a tremendous amount of determination and Personal Certificate Certificate Factory competitiveness about Human Resources them that is rarely seen anywhere else, but they are becoming less and less of Personal Templates | Gift role models because of their violent nature while they are playing their sport and the crimes that are being committed away from the sport. The high salaries, involvement of fans, and society are three theories as to Human | Formstack, why athletes are prone to act in such a violent way. The high salaries that athletes make is what drives them to violently play their sport, because they are rewarded most of the time for Make A Resume 16 How Teenage, this style of play. The fans of professional sports cheer on their teams, especially when they see a player or players get injured from the opponents’ team. Society has come to accept the fact that violence in pro sports will never decease because of the revenue that is involved in the games. These facts are all sad but true, and | Formstack the people in our society that are going to suffer the most from the violence are the kids. Since most pro How To For Teens 16 How, athletes are deemed as role models, kids who see them on TV are going to think that there actions are okay to follow by, regardless if it is a basketball player throwing a punch or a baseball player charging the pitcher. Pro athletes, fans, and Human Resources Management Forms society need to all evaluate themselves and try to make a change for the better that decreases the Policy Essay A Good Expository Of violence. 1. SIRS on CD-ROM. Lapchick, R. “Fanship and Human Management Forms | Formstack the Television Sports Viewing Experience.” Sociology of Sport Journal (Lexington, MA) 16 May 1986 SIRS CD-ROM.
McPherson, B.D. “The Social Significance of Sport.” 21 August 1989 SIRS CD-ROM. Snyder, E.E. “Social Aspects of Sport.” Prentice-Hall Inc. (Englewood Cliffs, N.J.) 11 February 1983 SIRS CD-ROM. Fizel, John. “Baseball Economics.” Prager Publishing, Inc. (Westpoint, London) 24 July 1996 SIRS CD-ROM. 2. A source from the Office Detroit News: O’Hara, Mike. “Football: Cap and Salaries will rise with new TV deals.” The Detroit Press (Detroit, MI) 15 Sept. Human Resources Management? 1998. Online.
Available: www.detnews.com. Kupelian, Vartan. “Violence in sports: Sprewell latest in disturbing trend.” The Detroit News (Detroit, MI) 3 Dec. 1997. Online. Available: www.detnews.com/1997/sports/9712/03/12030177.htm. 3. Material on the World Wide Web: Associated Press. “Lewis Murder Charges Dropped.” CNN-SI 5 June 2000. McGurgan, Jennifer. “Violence Moves Onto Field.” 5 April 1995. Casey, Josh. “Ouch! America’s Favorite Pastimes and Violence.”.
Rowe, Michael A. “The Legal Ramifications of Violence in Professional Sports.” Ford Marrin Esposito Witmeyer Gleser, L.L.P. (Wall Street Plaza, NY) 4. Periodical information on CD-ROM: Hazleton, Lesley. | Gift Certificate Certificate Factory? “British Soccer.” The New York Times Magazine May 7 1989: 67 SIRS CD-ROM. Couch, Greg. “Wrigley Restricts Beer Sales.” Chicago Times. (Chicago, IL) 26 May 2000. CD-ROM. Word Count: 2137. Our writers are all Uni graduates able to work effectively on Human Resources, any level under time constraints. Well-versed in most subjects and Charts: Height, citation styles, our writers have years of ghostwriting experience doing both academic and professional projects.
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