Banking Industry Essay Example for Free

Banking Industry Essay The Banking Industry was once a simple and reliable business that took deposits from investors at a lower interest rate and loaned it out to borrowers at a higher rate. However deregulation and technology led to a revolution in the Banking Industry that saw it transformed. Banks have become global industrial powerhouses that have created ever more complex products that use risk and securitisation in models that only PhD students can understand. Through technology development, banking services have become available 24 hours a day, 365 days a week, through ATMs, at online bankings, and in electronically enabled exchanges where everything from stocks to currency futures contracts can be traded . The Banking Industry at its core provides access to credit. In the lenders case, this includes access to their own savings and investments, and interest payments on those amounts. In the case of borrowers, it includes access to loans for the creditworthy, at a competitive interest rate. Banking services include transactional services, such as verification of account details, account balance details and the transfer of funds, as well as advisory services, that help individuals and institutions to properly plan and manage their finances. Online banking channels have become key in the last 10 years. The collapse of the Banking Industry in the Financial Crisis, however, means that some of the more extreme risk-taking and complex securitisation activities that banks increasingly engaged in since 2000 will be limited and carefully watched, to ensure that there is not another banking system meltdown in the future. Mortgage banking has been encompassing for the publicity or promotion of the various mortgage loans to investors as well as individuals in the mortgage business. Online banking services has developed the banking practices easier worldwide. Banking in the small business sector plays an important role. Find various banking services available for small businesses. Management Management in all business and organizational activities is the act of getting people together to accomplish desired goals andobjectives using available resources efficiently and effectively. Management comprises planning, organizing, staffing, leading or directing, and controlling an organization (a group of one or more people or entities) or effort for the purpose of accomplishing a goal.Resourcing encompasses the deployment and manipulation of human resources, financial resources, technological resources, andnatural resources. Since organizations can be viewed as systems, management can also be defined as human action, including design, to facilitate the production of useful outcomes from a system. This view opens the opportunity to manage oneself, a prerequisite to attempting to manage others. Basic functions Management operates through various functions, often classified as planning, organizing, staffing, leading/directing, controlling/monitoring and motivation. * Planning: Deciding what needs to happen in the future (today, next week, next month, next year, over the next five years, etc.) and generating plans for action. * Organizing: (Implementation)pattern of relationships among workers, making optimum use of the resources required to enable the successful carrying out of plans. * Staffing: Job analysis, recruitment and hiring for appropriate jobs. * Leading/directing: Determining what must be done in a situation and getting people to do it. * Controlling/monitoring: Checking progress against plans. * Motivation: Motivation is also a kind of basic function of management, because without motivation, employees cannot work effectively. If motivation does not take place in an organization, then employees may not contribute to the other functions (which are usually set by top-level management). Basic roles * Interpersonal: roles that involve coordination and interaction with employees. * Informational: roles that involve handling, sharing, and analyzing information. * Decisional: roles that require decision-making. Management skills * Political: used to build a power base and establish connections. * Conceptual: used to analyze complex situations. * Interpersonal: used to communicate, motivate, mentor and delegate. * Diagnostic: ability to visualize most appropriate response to a situation. * Technical: Expertise in ones particular functional area.. Business Ethics Business ethics (also corporate ethics) is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations. Business ethics has both normative and descriptive dimensions. As a corporate practice and a career specialization, the field is primarily normative. Academics attempting to understand business behavior employ descriptive methods. The range and quantity of business ethical issues reflects the interaction of profit-maximizing behavior with non-economic concerns. Interest in business ethics accelerated dramatically during the 1980s and 1990s, both within major corporations and within academia. For example, today most major corporations promote their commitment to non-economic values under headings such as ethics codes and social responsibility charters. Adam Smith said, People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.[1] Governments use laws and regulations to point business behavior in what they perceive to be beneficial directions. Ethics implicitly regulates areas and details of behavior that lie beyond Business ethics reflects the philosophy of business, one of whose aims is to determine the fundamental purposes of a company. If a companys purpose is to maximize shareholder returns, then sacrificing profits to other concerns is a violation of its fiduciary responsibility. Corporate entities are legally considered as persons in USA and in most nations. The corporate persons are legally entitled to the rights and liabilities due to citizens as persons. Economist Milton Friedman writes that corporate executives responsibility generally will be to make as much money as possible while conforming to their basic rules of the society, both those embodied in law and those embodied in ethical custom Friedman also said, the only entities who can have responsibilities are individuals A business cannot have responsibilities. So the question is, do corporate executives, provided they stay within the law, have responsibilities in their business activities other than to make as much money for their stockholders as possible? And my answer to that is, no, they do not. A multi-country 2011 survey found support for this view among the informed public ranging from 30 to 80%. Duska views Friedmans argument as consequentialistrather than pragmatic, implying that unrestrained corporate freedom would benefit the most in long term. [ Similarly author business consultant Peter Drucker observed, There is neither a separate ethics of business nor is one needed, implying that standards of personal ethics cover all business situations. However, Peter Drucker in another instance observed that the ultimate responsibility of company directors is not to harm—primum non nocere. Another view of business is that it must exhibit corporate social responsibility (CSR): an umbrella term indicating that an ethical business must act as a responsible citizen of the communities in which it operates even at the cost of profits or other goals.In the US and most other nations corporate entities are legally treated as persons in some respects. For example, they can hold title to property, sue and be sued and are subject to taxation, although their free speech rights are limited. This can be interpreted to imply that they have independent ethical responsibilities. Duska argues that stakeholders have the right to expect a business to be ethical; if business has no ethical obligations, other institutions could make the same claim which would be counterproductive to the corporation. Ethical issues include the rights and duties between a company and its employees, suppliers, customers and neighbors, its fiduciaryresponsibility to its shareholders. Issues concerning relations between different companies include hostile take-overs and industrial espionage. Related issues include corporate governance;corporate social entrepreneurship; political contributions; legal issues such as the ethical debate over introducing a crime of corporate manslaughter; and the marketing of corporations ethics policies.According to IBE/ Ipsos MORI research published in late 2012, the three major areas of public concern regarding business ethics in Britain are executive pay, corporate tax avoidance and bribery and corruption.

Lorraine Hansberrys A Raisin In The Sun Essay -- essays research pap

Lorraine Hansberry’s novel, A Raisin in the Sun, revolves around a middle-class African-American family, struggling during World War II. By reading about the Younger’s true to life experiences, one learns many important life lessons. One of the aforementioned would be that a person should always put family’s needs before their own. There are many examples of this throughout the novel. Just a few of these would be the example of Ruth and her unborn baby, Walter regaining the respect of his family, and Mama and her unselfish ways.   Ã‚  Ã‚  Ã‚  Ã‚  The first event that shows one should always put family before oneself is the case of Ruth and her unborn baby. At first, Ruth is thinking about having an abortion, and has already paid a five-dollar down payment to the doctor. She explains to Walter her reasoning for such drastic measures by saying, â€Å"†¦I—I’m sorry about this new baby, Walter. I guess maybe I better go on and do what I started†¦ I guess I just didn’t realize how bad things was with us†¦ I guess I just didn’t realize.†(87) Ruth is going to destroy this baby because she feels that she and Walter just do not have enough money to support another family member, and feels that she and Walter will only bring the baby into a world of fighting. Beneatha also has influence on Ruth’s decision by asking, â€Å"†¦ where is he going to live? On the roof?†(58). Beneatha feels that if Ruth has another baby it would just complicate the living situation, which is strenuous enough as it is. Later, even with all of this negat ive energy, Ruth comes to realize that she should not take the life of her baby and decides to keep it. One of her reasons for this change of heart is that her and Walter have been getting along much better, and their constant fighting was one of the main reasons she did not want to have the baby in the first place. Also, now that they are all moving into a new house, there will be enough room for the baby. In the end, although having an abortion seems like an easy way out, Ruth instead thinks about the baby’s life rather than her own, and chooses not to terminate her pregnancy. Another example that proves this, is when Walter gives away his and Beneatha's money to buy a liquor store, and loses it all. He then tries to get the money back by selling their new house to Mr. Lindner, although the only reason Mr. Lindner wants to buy it is becau... ... buy the family a new house so that Travis would have a better place to grow up. Mama could have spent that money on something she wanted, but instead bought something that would make the whole family happy. After she buys their new house, Mama gives Beneatha $3000 dollars towards college and gives Walter $3500 dollars to better his future. Mama has given all of the insurance money to the people she cares about, and kept none of it for herself. She thought about her children’s future and decided to invest the money towards a better life for them. This is a very unselfish act on Mama’s part, a perfect example of putting family before oneself. Although sometimes people can get wrapped up in events that they feel only concern themselves, they should always take a moment to think about how their actions could be affecting the people they love. Friends will always come and go, but family is forever. If a person wants to stay close to their family, they have to consider things from both theirs and the other person’s points of view. For love, people have to sacrifice things that they might not want to, but they have to love their families enough to help them before they help themselves. Lorraine Hansberry's A Raisin In The Sun Essay -- essays research pap Lorraine Hansberry’s novel, A Raisin in the Sun, revolves around a middle-class African-American family, struggling during World War II. By reading about the Younger’s true to life experiences, one learns many important life lessons. One of the aforementioned would be that a person should always put family’s needs before their own. There are many examples of this throughout the novel. Just a few of these would be the example of Ruth and her unborn baby, Walter regaining the respect of his family, and Mama and her unselfish ways.   Ã‚  Ã‚  Ã‚  Ã‚  The first event that shows one should always put family before oneself is the case of Ruth and her unborn baby. At first, Ruth is thinking about having an abortion, and has already paid a five-dollar down payment to the doctor. She explains to Walter her reasoning for such drastic measures by saying, â€Å"†¦I—I’m sorry about this new baby, Walter. I guess maybe I better go on and do what I started†¦ I guess I just didn’t realize how bad things was with us†¦ I guess I just didn’t realize.†(87) Ruth is going to destroy this baby because she feels that she and Walter just do not have enough money to support another family member, and feels that she and Walter will only bring the baby into a world of fighting. Beneatha also has influence on Ruth’s decision by asking, â€Å"†¦ where is he going to live? On the roof?†(58). Beneatha feels that if Ruth has another baby it would just complicate the living situation, which is strenuous enough as it is. Later, even with all of this negat ive energy, Ruth comes to realize that she should not take the life of her baby and decides to keep it. One of her reasons for this change of heart is that her and Walter have been getting along much better, and their constant fighting was one of the main reasons she did not want to have the baby in the first place. Also, now that they are all moving into a new house, there will be enough room for the baby. In the end, although having an abortion seems like an easy way out, Ruth instead thinks about the baby’s life rather than her own, and chooses not to terminate her pregnancy. Another example that proves this, is when Walter gives away his and Beneatha's money to buy a liquor store, and loses it all. He then tries to get the money back by selling their new house to Mr. Lindner, although the only reason Mr. Lindner wants to buy it is becau... ... buy the family a new house so that Travis would have a better place to grow up. Mama could have spent that money on something she wanted, but instead bought something that would make the whole family happy. After she buys their new house, Mama gives Beneatha $3000 dollars towards college and gives Walter $3500 dollars to better his future. Mama has given all of the insurance money to the people she cares about, and kept none of it for herself. She thought about her children’s future and decided to invest the money towards a better life for them. This is a very unselfish act on Mama’s part, a perfect example of putting family before oneself. Although sometimes people can get wrapped up in events that they feel only concern themselves, they should always take a moment to think about how their actions could be affecting the people they love. Friends will always come and go, but family is forever. If a person wants to stay close to their family, they have to consider things from both theirs and the other person’s points of view. For love, people have to sacrifice things that they might not want to, but they have to love their families enough to help them before they help themselves.

Mother and Twin Brothers Eli Essay

In The Droughtlanders, by Carrie Mac, Twin brothers Eli and Seth, both Keylanders, live inside a privileged and protected city surrounded by huge walls to protect them from the filthy, sick Droughlanders. Eli’s mother teaches him to view Droughtlanders sympathetically and Eli changes his opinion about them. As a result Eli joins a rebellion group against the Keylands. Initially Seth is furious about Eli’s decision and attempts to hunt Eli and kill him but ultimately realizes the truth and joins his brother. At the beginning Eli and Seth have a bitter hate for each other which intensifies due to their different view points regarding the Droughtlanders. In the end, they make up and the hate they had between them fades away. Right from the start Eli and Seth do not get along, this relationship soon turns into hate and distrust between them. Near the end Seth also changes his mind about Droughtlanders and they get along. From the beginning Eli and Seth dislike each other because of Seth’s constant harassment. Seth is constantly making harsh jokes about Eli’s bladder problem, â€Å"do you have to sit down like a girl?† (36). This quote shows how Seth bullies Eli. Seth and Eli get in a lot of fights and Seth says mean thinks like â€Å"If father wasn’t in the room I’d kick your face in† (44). Seth bullies Eli because he thinks that he is weak and pathetic. After getting in yet another fight Seth says to Eli â€Å"You really are a baby. Get a diaper, Eliza† (55). Eli hates Seth’s bullying and they never get along. They have always had a poor relationship, but it becomes worse once Eli sympathizes with the Droughtlanders. Seth and Eli’s relationship and distrust gets even worse. When the explosion goes off where their mother is, Eli cries â€Å"Maman. She was in there, Seth† (45). Eli had a very strong connection with his mom, but Seth not so much. Eli tells Seth how their father killed their mother and Seth whispers into his ear â€Å"Say that one more time, or to anyone else, ever, and I will kill you† (54). This quote demonstrates how seriously angry they are with each other. Eli tries to tell Seth that their mother was a rebel but Seth responds â€Å"That is the stupidest thing I have ever heard you say† (56). This quote illustrates how much distrust they have between them. When Eli secretly leaves to look for the Droughtlander rebels, Seth views him as a traitor and this betrayal leads to Seth hunting Eli. When Seth finally catches up with Eli, he tells Seth the truth about their mother’s death and how their father was responsible. Seth also comes to accept the Droughtlanders for the decent and ill-treated people they are. Eli and Seth find each other in a forest. â€Å"When Eli heard the name he’s not been called in so long, he felt some thing snap with a sharp, invigorating pain. Keenly aware of his intentions, he brought out his own knife and in one fluid motion flicked the wider blade open, turned and plunged the knife through Seth’s pants and as deep as it would go† (300). It is this moment that Seth gains respect for Eli and starts to question his own beliefs. After Seth is captured he does his sin inventory and comes to realize how horrible of a person he was. Although Eli is still very angry with Seth, Seth says, â€Å"I’m sorry, Eli, for being such a terrible brother† (317). This is the start to their relationship reuniting. They discuss and finally agree about the tragic events that lead to their mother’s death. Sabine, their triplet sister, is also there and for the first time they all connect peacefully. During the circus they all collapse and are sent to the infirmary. â€Å"They speculated on why only now they felt a connection† (323). They figured it was because this was the first time they were all happy together. In the end, Seth and Eli are no longer enemies and can be happy. The relationship between Seth and Eli started with mutual hostility and ended in admiration. It is a unique relationship between Seth and Eli in search of the truth. Eli pursues the truth of his mothers legacy as Seth searches for the truth about Eli’s defection.

Organisational Context of Education and Training Free Essay Example, 750 words

The parents in our institution are organized into various parents associations whereby all the parents having children in the institution are expected to be registered. The parents in these associations enjoy the democratic right of choosing their leaders and every member parent stands an equal chance of being elected into the leadership posts. They are burdened with the responsibility of airing their views as regards to the curriculum development and implementation and forward them to the district curriculum development (Broadbent, Gallop Laughlin 2010). As teachers, we have also attempted to organize ourselves into groups specializing in curriculum drafting and also other groups known as the evaluation teams. These teams work towards drafting, evaluating and making amendments to the curriculum in order to be at par with the current technology in the education sector. Some of our groups look into the school curriculum and try checking out if the curriculum is worth being applied t o the institution long before the students get into class and start learning (Cameron Fairbrass 2004). The institution possesses a body known as the professional counselors association which is given the responsibility of electing leaders despite the fact that these leaders have to be endorsed by the curriculum development committee of the district. We will write a custom essay sample on Organisational Context of Education and Training or any topic specifically for you Only $17.96 $11.86/page