Coca-Cola Back In Burma

The Important inquiry that must be replied while dissecting this circumstance is the means by which Coca-Cola will have the option to alleviate the dangers Involved with the Instability of the cross section and financial framework in Burma. Regardless of the arrival of Nuns San Sue Sky, the political circumstance stays flimsy with huge inside contradiction over administration. The worldwide political scene of the nation has made a sharp turn with the severance of binds to North Korea and the modifying of associations with the West. These political connections have made ready to agreeable monetary developments.The financial improvement of Burma has been on the ascent throughout the previous two decades, with monetary development taking a hopeful Jump of 6 percent in March 2013. The conclusion to the financial authorizations put by nations, for example, the United States is adding to the inflow of outside capital speculation. Moreover the arrival of the approvals opened the floor for t he advancement of exchange understandings, to be sans specific exchange understandings and reciprocal speculation understandings, among Burma and different nations to encourage further financial development. In 2012 a Foreign Direct Investment Law was presented, giving a noteworthy legitimate issue to remote investors.FED is standard trialed under the standards of standard law. In any case, Burma has not marked onto the New York Convention on the Recognition and Enforcement of Foreign Arbitrarily Awards. This makes an antagonistic lawful condition for outside Investors, as Investment Issues are to be trialed In neighborhood courts firmly constrained by government with military Influence. Speculation The drawn out arrangement that Coca-Cola should seek after Is an International Joint endeavor between their Crystal Springs packaging plant and a tenable packaging accomplice In Burma.Any organizations under U. S authorizations won't be thought of so to guarantee the validity of the acco mplice organization. Coca-Cola will have 70% responsibility for ewe organization, giving the Burmese side 30% control. This will guarantee Coke keeps up administration over tasks and dynamic, while ensuring their venture. This Is Important considering the Joint endeavor will be organized with the goal that the household resource proprietor bears the danger of seizure, which will Increase ability, sharing of assets and information, and less risk.When the Joint endeavor initially happens there will be an inflow of information and experienced workers to slide change into the Burmese business condition. Considering the political and monetary insecurity and that the nation has a culture altogether different than that of the U. S, it will be gainful to build up a cozy relationship with the Burmese culture and business condition. The momentary arrangement that Coke should actualize is a normalized elective also BIT. This elective will be an open report that plots all the guidelines, guidel ines, and codes that Coca-Cola anticipates that all representatives and providers should follow by.It will diagram money related guidelines, outside speculations, political unsteadiness and human rights issues. In particular, any infringement of the tribute will be explored under an Ethics Committee, recruited by Coke. Like a BIT, this code will take into consideration worldwide intervention, which is advantageous as household courts can be stayed away from for questions. This elective will make open all the measures that Coke expects with respect to human rights and the security and wellbeing of speculations. Straightforwardness is an amazing asset in reducing risk.The progressively open the data is, the more secure Coke's ventures are to debasement and the higher the worth is for investors. Execution The usage of the global Joint endeavor is a point by point process. Coca-Cola will keep up 70% possession, which will take into account Coke to be the predominant chief. Household the executives will be employed and will have a state in the dynamic procedure of the Joint endeavor firm. For instance, local workers will be vital in the promoting office where culture is significant. The accomplice picked for the endeavor should be solid and trusted; accordingly no organizations under U.S authorizations will be thought of. There will likewise be adequate research done to discover an accomplice that has comparative business objectives and qualities to facilitate the progress. Second, forward-thinking examination will be directed to obtain as much data on Burmese strategic policies and the political and monetary condition. The universal human asset group should build up a remuneration structure, projects to prepare ostracizes in neighborhood business culture, guaranteeing exiles smooth change into the nation, keep up a severe code for all representatives to submit to, and create worker execution reports.Furthermore, there will be execution evaluations made to guarante e the Joint endeavor is beneficial after usage. In the event that he adventure isn't beneficial there will be consent to what conditions should be met to end the Joint endeavor. A significant piece of the usage of Coca-Cola's option in contrast to the BIT is to recruit a due ingenuity group. This comprises of outer examiners and free specialists, to make rules and guidelines in regards to money related, outside speculations, political precariousness, and human rights gives that all Coca-Cola workers must follow.Performing a due tirelessness process contributes data accessible to chiefs, while drawing in with a wide scope of takeovers. American and Burmese experts will be recruited to help direct the due constancy process that will bring about a commonly valuable arrangement of rules and guidelines. Moreover, the option in contrast to the BIT must be open, taking into account straightforwardness, which is fundamental to expanding investor esteem. Hazard Factors for Joint Venture with respect to the Joint endeavor, there are different hazard factors that may thwart the presentation of the firm going forward.While there is collaboration to be picked up from the organizations exploiting their specialization, contrasts in the executives styles and social contrasts can bring about debates, which will influence the momentary accomplishment of the firm. The principle factor that prompts hazards in global joint endeavors is lack of common sense and execution, which will be relieved through Coca-Cola's examination and involvement with entering new markets. Finding an ideal accomplice and having 70% control will likewise lessen the hazard that the two organizations will have disagreements regarding objectives, the executives, and choices made.If the endeavor meets the conditions to be ended the procedure sketched out for end will be followed. Political and lawful hazard likewise have an impact, as the new lawful substance is 30% Burmese possessed, which makes the endeavo r subject to laws and guidelines that probably won't influence Coca-Cola as a global enterprise and the other way around. Pay scale contrasts may likewise cause issues with human rights gatherings, which may blame Coca-Cola for exploiting the nearby workforce by paying a low compensation when contrasted with worldwide standards.Despite having a 70% controlling offer, Coca-Cola won't have full info when defining long haul key objectives as there will be a common American-Burmese directorate, causing less adaptability for Coca-Cola. Be that as it may, after a careful due industriousness process, Coca-Cola will be specialists in settling on choices with Burmese law considered. The BIT elective will likewise fill in as an approach to relieve political hazard as it sets a standard for all Coca-Cola representatives to follow and takes into account universal arbitration.Moreover, Joint endeavors moderate confiscation chance, which help ensure remote interests in Burma. Examining Alternativ es Solutions Alternative 1: An option in contrast to the Joint endeavor is for Coke to set up an auxiliary numerous to assume control over assembling activities in Burma. As the dubious political and legitimate circumstance in Burma is unsafe and inclined to stuns, an auxiliary organization will permit Coke to decent variety its hazard exposure.The danger of human rights infringement and political issues emerging from tasks and contrarily affecting Coca-Cola's image will be diminished, which is one of the association's most important resources. Contemplations to be considered for this procedure are that it doesn't totally clear Coke from duties with respect to feasible for any budgetary issues. Besides, it is as yet workable for terrible exposure to influence the Coca-Cola brand name, as there is an immediate connection from the auxiliary to its parent company.Alternative 2: A subsequent choice is an other plan of action for Coca-Cola's business activities in Burma. Assembling and p ackaging can occur close by in a progressively steady world of politics (e. G. Thailand). This will permit the firm to sidestep a significant number of the dangers of working in Burma as working assembling is a mind boggling process, which incorporates employing of laborers, it is capital escalated, human asset issues may emerge and there will be a social hole. Be that as it may, import levies into Burma and fare taxes in Thailand will be extra costs.Moreover, the expense rate in Thailand may likewise be horrible when contrasted with in Burma, and the transportation and conveyance cost of getting Coca-Cola items across nations may diminish the productivity edges of its Burma tasks. End The activity plan that is prescribed to take includes a two-section arrangement. In the momentary the organization will make a normalized option in contrast to a BIT. This open report will diagram organization rules and guidelines. Infringement are to be examined by means of Coca-Cola's Ethics Committ ee.Most significantly, this option takes into consideration worldwide mediation, which mitigates confiscation hazard and consequently, ensures speculations. In the drawn out it is suggested that the Crystal Springs packaging plant be a Joint endeavor of Coca-Cola and a neighborhood, believable, bottler. The set structure wherein the neighborhood bottler is the carrier of hazard seizure will lessen the negative effect of potential government activities, which

Mississippi Burning Essay Example | Topics and Well Written Essays - 1250 words

Mississippi Burning - Essay Example Three social equality laborers were killed in America in the year 1964; the killed occurred in the US territory of Mississippi this is the reason the film was named Mississippi consuming. The FBI definitely engaged in the examination and the film likewise exhibits two operators making a decent attempt to reveal reality. Alan Parker coordinated this film and it was composed by Chris Gerolmo. The film was very popular with the crowd and it proceeded to win a few honors which incorporated the best film for cinematography, best picture, best stable and a large group of different honors. Despite doing admirably the film was seriously scrutinized in light of the fact that as per the pundits the film neglects to introduce the authentic records in the correct way. The chief of the film needed to come out and shield the film by saying it was no narrative, it was rather sensation. â€Å"Mississippi Burningâ is set in 1964 when three social liberties laborers are killed in an unassuming commu nity by individuals from the Ku Klux Klan.† (Mississippi Burning) In American culture the social equality laborers are given next to no assurance however the film depicts the FBI operators as genuine legends, they come to Mississippi to research the homicide of the people in question yet in actuality almost no has been done to secure the social equality laborers in America. ... The film caused an uproar, a scene in the film indicated a white man beating a dark kid while he was asking; this made a ton of issues. This was viewed as bigotry by numerous individuals and it even alienated the blacks living in America. A couple of dark men fired thumping a white kid in the wake of examining the film because of which a gigantic hullabaloo in America was caused. Executives should consistently remember that their motion pictures are more than equipped for upsetting the peace in a nation in light of the fact that such a significant number of individuals watch it and they decipher the scenes in their own specific manner and this may cause such a large number of unexpected issues. Such race touchy scenes ought not be demonstrated in films to be on the more secure side. The film likewise offered ascend to abhor wrongdoing after its discharge. Above case which has been examined in the paper turned into a significant case in the American constitution. â€Å"A exceptionall y charged box of firecrackers is the most ideal approach to depict Mississippi Burning. It is 1964 and the Civil Rights Movement is destroying numerous territories in the Deep South. Mississippi is certainly the most sweltering spot of all as the whole state is by all accounts split among whites and African Americans.† (Mississippi Burning) The three African American men who were killed in Mississippi were looking for equity, they needed the option to cast a ballot like some other American however this didn't go down excessively well with The Ku Klux Klan and the neighborhood police specialists. Those three men were kidnapped and killed heartlessly. Miburn was the name of mission attempted by the FBI to illuminate this secret, Miburn represented Mississippi consuming and the examination found the cadavers of those three social liberties laborers and the examination likewise found the personality of the individuals who executed them. â€Å"The U. S.

Professor Goldbergs Financial Services Sector in the 21st Century Final Case Presentations at Bank of America Merrill Lynch in New York COLUMBIA UNIVERSITY - SIPA Admissions Blog

Professor Goldberg’s Financial Services Sector in the 21st Century Final Case Presentations at Bank of America Merrill Lynch in New York COLUMBIA UNIVERSITY - SIPA Admissions Blog I had the pleasure of taking Professor Richard Goldberg’s course, Global Financial Services Sector in the 21st Century, during the fall semester of 2013. It was a valuable experience to learn from a 25-year Wall Street veteran who has covered the financial sector for international MA (Mergers Acquisitions) and worked at various global banks.   Professor Goldberg is actively involved with the Columbia University community in general, and particularly with the IFEP concentration. The   course   provided   a   framework   within   which students   could   evaluate   and   understand   the   global   financial services industry.   In class, we explored perspectives such as the current and future roles of the major financial services participants, key driver s influencing an industry that has always been characterized by significant change, and strategic challenges and opportunities facing today’s financial services CEOs. That said, this course is tailored so that students with various backgrounds can follow and appreciate all of the materials read and discussed. The assigned readings were current, applicable to today’s financial markets, and focused on what was important.   In particular, Professor Goldberg’s course taught how a SIPA student might look at global financial institutions from a different perspective, focusing more on global macroeconomic and political risk over just simple returns. For example, we learned about how regulatory changes in the capital markets could affect the global strategy of a financial institution, and how a supermarket   approach may   be   of   benefit   to   one   institution   but   a   boutique   approach   might   be   better   for   another,   depending   on   a   financial   institution’s strengths. Understanding the dynamics of policy and financial markets is a valuable proficiency that this course teaches. Clearly, the guest speakers (from banks and asset managers) and the two presentations were the highlights of the course. For example: For the final case study, we divided our class into teams. Each group recommended specific strategies to senior management at Bank of America Merrill Lynch New York headquarters that could potentially strengthen the bank’s position in the financial markets. Senior executives provided feedback to all teams on how our suggestions would or would not be feasible in the current marketplace. This live presentation to professionals was a unique experience, especially for students who have not worked much prior to attending SIPA. The skills acquired in this course will serve students well in several sectors; however, it’s tailored for careers in finance, banking, management consulting, and policy-making. I encourage students with various backgrounds to take Richard Goldberg’s course, because it teaches rich information, offers great opportunities, and is entertaining. Posted by Andreas Maerki, MPA ’14, IFEP

Assess the Sociological Perspectives on Crime Prevention....

The effectiveness of crime prevention strategies has increased in recent years and many sociologists believe that this is the result of society instilling tougher punishments upon its’ members. Despite this, there are many other approaches that attempt to reduce crime. However, they also have their limitations. Clarke believes that situational crime prevention is an approach that focuses on reducing the opportunities for crime to occur rather than improving society’s institutions. This is largely based on the rational choice theory, which demonstrates how criminals decide if they are going to carry out a crime based on its costs and benefits. Thus, situational crime prevention aims to reduce the benefits of crime and increase its’†¦show more content†¦Foucault however, argues that the prisons is one disciplinary institution that isn’t effective in reducing criminal activity through ‘self-surveillance’ as it urges an individual to dete r from the rest of society and their shared norms and values. He said that this constant supervision and forced discipline broke the will of the criminal and made him into a â€Å"docile body†. His book ‘Discipline and Punish’ lays out Foucault’s thoughts on how the elite in society dominate and control the rest of society. Prison’s major goal was to reduce crime by punishing the criminal. Prisons should also deter others from committing crimes. According to Foucault, prisons did not meet their objective; in fact they made criminals worse and this has infiltrated into all parts of society. In conclusion, there are many differences policies designed to reduce crime by approaching them in different ways. For example, SCP is an approach to reduces the ‘opportunities’ for crime where as social and community crime prevention attempts to reduce crime through tackling its’ root causes. Despite these differences some believe that priso ns from the 19th century remain the most effective in reducing crime. However, this is stillShow MoreRelatedSociology Essay20437 Words   |  82 Pagesof Education Unit 2.2 Developments in Education from the 19th Century to 1997 Unit 2.3 Sociological Theories of Education Unit 2.4 Social Class and Educational Opportunity Unit 2.5 Gender and Educational Opportunity Unit 2.6 Ethnicity and Educational Opportunity Unit 2.7 Government Policy and Education Unit 2.8 Researching Education Module 3 Sociological methods Unit 3.1 Introduction to Sociological Methods Unit 3.2 Primary Sources (1): Quantitative Methods and Data: Social surveys, questionnairesRead MoreControl Theory15246 Words   |  61 Pagescore propositions are easily understood (e.g., the lack of social bonds or of self-control increases criminal involvement). Second, Hirschi is combative and thus controversial. He stakes out a theoretical position and then argues that alternative perspectives are wrong. Hirschi (1983) has long been antagonistic to attempts to integrate theories. Good theories, he believes, have assumptions and an internal consistency that make them incompatible with other approaches. Attempts to mix them together resultRead MoreResearch Report on Impact of Time Management11320 Words   |  46 Pagesstudy To assess the factors affecting the performance of police officers in Mbale District taking a case study of Mbale Central Police. 1.3.2 Specific objectives of the study This study was guided by the following objectives: 1. To examine the public perceptions of the outcomes of policing on the performance of police officers in Mbale District 2. To examine the generic dimensions of the quality of service on the performance of police officers in Mbale District. 3. To assess the relationshipRead MoreThesis on Teenage Pregnancy3393 Words   |  14 PagesThis work is sincerely and heartily dedicated to the following for their support, adoration, affection and for being my precious gem in life: My Parents Ricardo B. Orbiso Marites T. 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Perez CHRISTIANNE TABLE OF CONTENTS Title Page†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.i Acknowledgment†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.ii Dedication†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦........iii Table of Contents†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Read MoreCRM 1301 Midterm uOttawa Carolyn Gordon Essay10218 Words   |  41 Pagesï » ¿The Demonic Perspective Trephining Individual who were having illusions or were delusional had a hole drilled in their skull in order to get rid of the spirits. 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Analysis of Hawthrone´s The Mminister´s Black Veil Essay

â€Å"He has changed himself into something awful, only by hiding his face†¦Ã¢â‚¬  We take a trip back to the lovely Puritan era to understand the content matter of Hawthorne’s The Minister’s Black Veil. In this tale, Reverend Hooper, a young, unassuming, and unremarkable minister in everyway, suddenly dons a black veil, to the shock and mystery of the small town he preaches in. He becomes a pariah with his insistence to remove it, and loses his following and even his fiancee. He insists even on his deathbed to keep the veil into the grave. The big, unsolved mystery, however—that remains unsolveable for both the reader and the townspeople—is why the veil? Hawthorne leaves this open to interpretation, but in his typical fashion, leaves a†¦show more content†¦Ã¢â‚¬Å"There is an hour to comewhen all of us shall cast aside our veils,† the reverend said, but maybe the townspeople werent ready to give up their perfect visages just yet. The people of Milford not wanting to admit their lies under THEIR veils might have just made them squirm a little bit more. (And if you feel like squirming a little more too, try listening to it. I’m a big purveyor of audiobooks and if you listen to this one, it sounds like Goosebumps from your childhood). That also explains some of the finger pointing from the most suspicious (and superstitious) of the townspeople. While most chattered rumors in private, some searched to find sinister explanations for the minister’s sudden change in appearance. Surprisingly, witchcraft didn’t really come up. While the minister was overseeing a funeral, one woman swore she saw the corpse shudder when the ministers face was able to be ‘seen’ by it under his veil. There was even a theory that someone saw the spirit of the minister and the spirit of the aforementioned dead girl walking hand in hand. Sounds pretty dark, and also sounds like they were trying to cast doubt on the minister. That might even make his message (of secret sin) not have so much credence. Sounds like those sneaky

Factors Affecting the Loan Repayment of Rice Farmers in Ragay Free Essays

As being observed in the Philippine situation the common problem and also not a new issue in agriculture sector is the low productivity and low income of farmers which can be attributed to their lack of capital. Many farmers have no enough savings or cash on hand to purchase new inputs including machineries, chemicals, pesticides and high yielding varieties of seeds which will help them to improve their earnings because these inputs are usually expensive. As an answer to this dilemma they rely on credit and the proliferation of different credit institutions is a great help to them. We will write a custom essay sample on Factors Affecting the Loan Repayment of Rice Farmers in Ragay or any similar topic only for you Order Now The credit need of the farmers were being experienced especially those who are engage in rice production because it needs a large amount of money for investment. These credit needs of the rice farmers were being provided by the two types of institutions namely the formal and informal lending institutions. The formal sources of credit include the banking and non-banking institutions. The mere examples of it are the rural bank, commercial bank, and cooperatives (Duran 2001) while the informal sources are the private moneylenders, relatives, friends, traders and millers. With the availability of the credit institutions in rural areas, it allows the farmers to maintain and sustain their productivity since income in this country is generally low (Cacho, 1995). Credit can be defined as a means of entrusting and believing from and since trust is an important ingredient in providing it, the lenders rely on a promise of the borrower to pay in the future (Guevarra, 1995). But it is a problem encountered by these formal and informal lending institutions that the farmer-borrowers were not able to pay their obligation at the expected time. Statement of the Problem With a total farm area of more or less 23,036 hectares almost 2,182 hectares in Ragay, Camarines Sur is being planted with rice and the need for credit can be observed in its production. It is therefore important that the credit institutions proliferate in this area to help and assist the rice farmers. The government intervenes through the promotion and development of the organization that will provide agricultural loan so as to improve the income of rice farmers, which include the development of the rural bank and cooperatives in the area. Together with the expansion of the formal institutions the informal lenders also expand and gave a significant role in alleviating the lack of capital by the rice farmers. With this expansion of credit sources the problem, which cannot be avoided by these institutions is the high percentage of loan delinquency by the borrowers. Though the high collection performance or high repayment rate would not necessarily mean the ultimate measure of successful operation of the institutions, a low repayment rate adversely affects the operation and stability of the different lending agencies. Also through loan default, credit institutions in Ragay were not able to improve and expand their services and sometimes lead to failure in providing efficient services. Significance of the Study Lack of capital or inadequate fund of the rice farmers in Ragay, Camarines Sur hinders their increase in production and income. They are not able to purchase production inputs and adopt new technologies to produce more output for sale and a credit as a source of capital is a big help to them but repayment of their loan is a pressing problem to the lending institutions in this area. This study will focus in increasing the repayment rate or increasing the non-repayment if not totally eliminating it to help the lending institutions in improving their services for the rice farmers. This study will also provide data that will help them to improve their loan collection and supervision for their sustainability though improving strict rules and regulation regarding borrowing. For the farmer borrowers, this study will help them to realize the factor which affect their repayment so as they will able to look for ways that will minimize their low or no-repayment of loans. It will also help them to understand that certain factor/factors of repayment decrease their capability of repaying the loan and therefore there is a need for them to do something to minimize those factors, which can be controlled. Objectives of the Study The general objective of the study is to analyze the factors affecting the loan repayment of rice farmers in Ragay, Camarines Sur. The specific objectives are the following: 1. o identify the common credit sources of rice farmers in Ragay, Camarines Sur; 2. to identify the factors affecting the rice farmers’ choice of credit source; 3. to determine the loan purpose of the rice farmer-borrowers; 4. to determine the relationship of the factors affecting the repayment performance of the rice farmer borrowers; 5. to determine the problems encountered by rice farmers in loan repayment; and 6. to compare the repayment performance of rice farmers by source of credit. How to cite Factors Affecting the Loan Repayment of Rice Farmers in Ragay, Papers

Merchant Of Venice-Portia Essays - Shakespearean Comedies

Merchant Of Venice-Portia When William Shakespeare wrote, The Merchant of Venice, he included a female character that influences the play dramatically. In most of Shakespeare's plays, the women have little power and intelligence. In The Merchant of Venice, however, Portia is a woman that saves the life of a man with her wit and intelligence. Another woman created by Shakespeare that posses qualities similar to Portia is Beatrice, from Much Ado about Nothing. Both women add to the main themes of the play because of their ability to use their intelligence and witty remarks as well as having a loving heart. The women share many similarities as well as many differences which seem to be inevitable because Portia seems to be put on a pedestal that very few can reach. Portia is one of Shakespeare's great heroines, whose beauty, lively intelligence, quick wit, and high moral seriousness have blossomed in a society of wealth and freedom. She is known throughout the world for her beauty and virtue, and she is able to handle any situation with her sharp wit. In many of Shakespeare's plays, he creates female characters that are presented to be clearly inferior to men. The one female, Shakespearean character that is most like Portia would be Beatrice, from Much Ado about Nothing. Both of the women are known for their wit and intelligence. Beatrice is able to defend her views in any situation, as does Portia. Shakespeare gives each of them a sense of power by giving their minds the ability to change words around, use multiple meanings and answer wisely to the men surrounding them. By adding a loving heart to both of these women, Shakespeare makes their intelligence more appealing. Even though Beatrice hides the loving side of her character for most of th e play, she still expresses her kindness and love in other ways. Like Portia, she is a dear friend and an obedient daughter. In the fourth act, after Portia has saved the life of Antonio, she uses her wit, just as Beatrice does to test Benedict's love, to convince Bassanio to surrender the ring that he vowed he would never part with. After simply asking for it and being unsuccessful, she decides to use her intelligence and says, I see sir, you are liberal in offers. / You taught me first to beg, and now methinks / You teach me how a beggar should be answer'd (IV.ii.438-440). The only main difference between the two women is the way they are perceived by the other characters. Portia is thought of as a perfect angel possessing no flaws, which is shown when Bassanio describes her to Antonio and says, In Belmont is a lady richly left, / And she is fair and, fairer than that word, / Of wondrous virtues? Nor is the wide world ignorant of her worth, / For the four winds blow in from every coast / Renowned suitors, and her sunny locks / Hang on her temples like a golden fleece, / Which makes her seat of Belmont Colchis' strond, / And many Jasons come in quest of her (I.i.161-172). Portia displays all the graces of the perfect Renaissance lady. She is not ambitious, she is quiet rather than restrictive. She is modest in her self-estimation. Her generous spirit makes her wish she had more virtue, wealth, and friends so that she can better help those she loves. Beatrice, on the other hand, is not described as beautiful and even though she is well liked in her society, she is not thought of in the same godly way as Portia is. Besides saving the life of Antonio, Portia is also used to convey the theme of deceptive appearances. Throughout the play, Shakespeare uses his characters to show the audience that a person cannot be judged by how they appear to the eye and that a person can truly be identified by their inner soul. Bassanio chooses the lead casket and proves that even though the other caskets appeared to be beautiful and trustworthy, the treasure was found in the casket of lead. Shakespeare foreshadows the theme of appearances when Portia says to her new husband, You see me, Lord Bassanio, where I

Crucible Act 2 essays

Crucible Act 2 essays In The Crucible certain characters are either accepted or condemned because of their actions pertaining to the hysteria of witchcraft during the turbulent times of Salem. When the trials first started, hysteria began growing into serious crimes that would have the person accused both losing all of their belongings and confessing to a crime that they had not committed or to be hanged and to keep their pride. The trials make the hysteria worse in the town and give way to the accusations of even more and more people for even less probable reasons. People in Salem were affected differently from these trials and were given different responsibilities that they must handle to keep the town safe, such characters are Abigail and John Proctor. During the second act of The Crucible, Abigail began to blow many things out of proportion. As seen in the first act she blamed Tituba in hopes of getting away with her crime unscathed, but things soon grew out of proportion and she was given the chance to accuse more and more people for her own benefit. Abigail then started to attack peoples reputation and because of her accusations, she was made stronger, she especially wanted to be a better person in the eyes of Salem than Goody Proctor and so she staged a deceiving act that made it seem that she was attacked by the witch-loving Goody Anne Proctor and her spirit conjuring powers. Abigail was conniving against the entire town to make them believe that she was a saint or in her own words, Gods finger (Miller Pg. 62) Because of her responsibility to the town to be able to see who was working with the devil, she gained respect and a huge amount of power in Salem and was therefore considered important because of her ability to assur e everyone of the presence of witchcraft in Salem. Proctor though, was the exact opposite of Abigail and her response to witchcraft. Proctor saw that the entire idea of ...

Critical Analysis Example

Critical Analysis Example Critical Analysis Example Critical Analysis Example: Learn, Learn, and Learn Once Again Vladimir Lenin used to say To Learn, to Learn and to Learn Once Again. So let us follow his advice and learn writing critical analysis. It is obvious that any skill should be learned from professionals: a cook will best teach you how to cook, a shoemaker to make shoes, a poet to write poems. And if you want to learn how to perform the critical analysis you should study examples of those people, who already know how to do that. Let us consider what aspects you should pay attention to in the critical analysis example. Aspects of the Critical Analysis Example Logic. The first thing you should look at in the critical analysis example that you examine is logic. Find the connection between every statement in the critical analysis example. If you learn to see drawbacks in logic of other authors, you will not make such mistake yourself and moreover you will develop critical thinking skill. Structure. Any critical analysis example must contain an overview, detailed analysis and conclusions. Do not try to change this traditional structure, it must be the same in your critical analysis. Points of view. Above all, you have to understand that critical analysis means unbiased analysis, if you do not want to sound preconceived, remember this. You should pay attention to how clearly the author of the critical analysis example expresses his point of view. For the analysis to be critical other viewpoints also must be analyzed. The author of the critical analysis example (and you when you write your critical analysis) should consider also those viewpoints that do not support his (your) own. Your attitude. When you read enough critical analysis examples, you will almost definitely experience the temptation of copying and combining them for your own critical analysis. If you manage to resist this temptation, before writing your critical analysis think over what you have read, consider what you agree or disagree on with the author of the critical analysis example: Critical Analysis Essay Final Note When you consider the critical analysis example, you should pay attention to every abovementioned aspects. A good critical analysis example contains all of them and makes things clear for you, i.e. does not leave any questions after reading. It is not easy to write the critical analysis if you are not experienced in it, but learning from critical analysis examples will smooth things down for you and make you a professional with competent essay writing service! Read also: Descriptive Essay Writing Argumentative Essay Topics Writing Thesis Papers Writing a Dissertation Proposal Thesis Topics

Auditing Essay Example | Topics and Well Written Essays - 2000 words - 2

Auditing - Essay Example The Big 4 dominate the auditing industry to such an extent that policy makers are worried about the effects of a possible reduction in their number. Questions such as pricing power, bargaining power, quality of audits, the independence of audited financial reports and other matters that usually attend to an oligopoly has bedevilled government regulators and industry experts alike. This paper looks at some of the outstanding issues facing an industry with few market players, especially on the possible scenarios when any of the Big 4 exits the market altogether for whatever reason. The Big 4 auditing and accounting firms, together with professional and accountancy organizations, are actively promoting positive reforms in both their accounting and reporting standards to improve credibility and confidence in audited financial reports. At present, these big four comprise an oligopoly that dictated prices for their services. In classical economic theory, this is an imperfect competition where a few sellers can manipulate prices if they want to. Economists call it as the concentration ratio or C4 in which the four biggest firms control more than 60% of an industry similar to aircraft manufacturing and telecommunications. In fact, a report by the General Accounting Office (GAO) of the US (renamed now to General Accountability Office in 2004) indicated concentration to be higher, approximately 78% of all the publicly-listed companies that constituted 99% of all public company sales (Bloom & Schrim 2005) and has serious implications with regards to the risks for collusion. The GAO report was commissioned in response to the passage of the Sarbanes-Oxley Act the previous year and also due to concerns about the effects of audit mergers and consolidation on competition, cost, quality, pricing and the cherished principles of auditor independence. Due to the few market players in an oligopoly, the action of one market participant tends to be known by

Formal and Informal Testing Research Paper Example | Topics and Well Written Essays - 750 words

Formal and Informal Testing - Research Paper Example Let us discuss some formal and informal assessment techniques in order to know how they can help teachers assess the learning level of their students. Formal Assessment Techniques Weaver (n.d.) states, â€Å"Formal assessments have data which support the conclusions made from the test†. Such assessments provide ways to the teachers to assess their students’ performance using standardized measures. Two of the widely used formal assessment techniques include non-referenced tests and criterion referenced tests. Non-Referenced Tests Using norm-referenced tests, teachers compare performance of each student to a large number of other students. Teachers prepare one test for all students to compare the performance of each student with the performances of other students. Such tests make teachers know which students is the best performer among all other students. Another advantage is increase in the level of motivation for the students. Such tests provide motivation and appreciat ion to the best performer. When a student is told that his/her performance is the best in the class, it increases motivation of the student. Along with advantages, there also exist a couple disadvantages of using non-referenced tests. First one of those disadvantages is that scores do not show actual knowledge of the students, which students of a specific grade level must possess, rather they show the performance in relation to the individual performances of other students. Moreover, the goal of excellence in class performance cannot be achieved because there is no standard criterion set for exams. Teachers measure performances of students against each other instead of a specific criterion, which does not reflect actual learning of the students. Criterion Referenced Tests In these types of tests, performance of the students is compared to a standard criterion set by the teachers instead of comparing with other students. Such tests provide accurate assessment to the teachers. These t ests help teachers know whether there students have acquired the required amount of knowledge or they need to improve their learning skills. The results of such tests reflect actual skills of students instead of reflecting individual edge of students over other students. If a student meets the set criterion, it means that he/she is learning well in the classroom. Some of the concerns regarding use of these tests for assessment include criterion validity and individual rankings. For these tests, a proper criterion needs to be set. Sometimes teachers set improper criterion that does not properly measure what it should actually measure. Moreover, students like to know their individual rankings but in these tests, they cannot know it because their performances are not compared with others. Informal Assessment Techniques In informal assessment, teachers use multiple ways to assess students’ performance. Sawetch (2009) states, â€Å"An informal assessment can compromise of almost any teaching in the classroom that an individual student has to participate in†. Some of the widely used informal assessment techniques include checklists and oral interviews. Let us discuss both of these methods in some detail. Checklists A checklist is a list of skills, knowledge, and other qualities that teacher creates to know whether their students possess those qualities or not. If a student is short of any specific quality, the teacher can work to improve that quality of the student. Checklist method is not a very time consuming one. A teacher can

Abortion And Peace :: essays research papers

Abortion   Ã‚  Ã‚  Ã‚  Ã‚   I knew from day one that this essay was not gonna be easy. Abortion is not an easy subject. Before I say any thing I would just like to say that I don’t think men should have a say in this at all. I am Pro- choice. This to me, means that people should have the right to make decisions for them selves, you know, Freedom? a right of the United States of America. I think individuals should be responsible for their own bodies and what they do to them selves. If they have an abortion its their business and no one else. A woman should be able to get an abortion with out having to be discriminated by protesters. I don’t think abortion is pretty but neither is heart surgery. I do think abortion is bad but I think it’s important that we can have choices. I have looked at it from both sides and actually I agree with both sides. I don’t know if that’s good or bad but I personally think that it’s good. It doesn’t mean I’m confused it just means both sides have their highs and lows. I have picked pro-choice because although I don’t like abortion, I don’t think we should rid (of) it completely, I don’t like smokin but I don’t say lets get rid of that. There's lots of things we don’t like but that doesn’t mean they are bad or wrong. What is outrageous to one may be civilized to others. Clearly the best out come of this conflict would be compromise. Not a compromise to solve the problem but a compromise to satisfy people in conflict until further question. If we reach a compromise both sides will feel like they are a step in the right direction. My idea of a compromise is very simple. Many pro-lifes strongly disagree with abortion but are willing to make an exception for raped victims and any thing that goes along with rape. Pro-choice feel for those people especially, I feel that pro-choice people would go for a compromise big time. Since both sides have that sliver of agreement I think to get an abortion you should have to pass certain requirements. Some requirements are; proof of rape, and/or if the pregnancy will kill the mother then an abortion will be acceptable. There will be various other exceptions but those are the two that stand out. Abortion And Peace :: essays research papers Abortion   Ã‚  Ã‚  Ã‚  Ã‚   I knew from day one that this essay was not gonna be easy. Abortion is not an easy subject. Before I say any thing I would just like to say that I don’t think men should have a say in this at all. I am Pro- choice. This to me, means that people should have the right to make decisions for them selves, you know, Freedom? a right of the United States of America. I think individuals should be responsible for their own bodies and what they do to them selves. If they have an abortion its their business and no one else. A woman should be able to get an abortion with out having to be discriminated by protesters. I don’t think abortion is pretty but neither is heart surgery. I do think abortion is bad but I think it’s important that we can have choices. I have looked at it from both sides and actually I agree with both sides. I don’t know if that’s good or bad but I personally think that it’s good. It doesn’t mean I’m confused it just means both sides have their highs and lows. I have picked pro-choice because although I don’t like abortion, I don’t think we should rid (of) it completely, I don’t like smokin but I don’t say lets get rid of that. There's lots of things we don’t like but that doesn’t mean they are bad or wrong. What is outrageous to one may be civilized to others. Clearly the best out come of this conflict would be compromise. Not a compromise to solve the problem but a compromise to satisfy people in conflict until further question. If we reach a compromise both sides will feel like they are a step in the right direction. My idea of a compromise is very simple. Many pro-lifes strongly disagree with abortion but are willing to make an exception for raped victims and any thing that goes along with rape. Pro-choice feel for those people especially, I feel that pro-choice people would go for a compromise big time. Since both sides have that sliver of agreement I think to get an abortion you should have to pass certain requirements. Some requirements are; proof of rape, and/or if the pregnancy will kill the mother then an abortion will be acceptable. There will be various other exceptions but those are the two that stand out.

Formal and Informal Communication: an Organizational Approach

Formal and Informal Communication: An Organizational Approach By: Masayu Shahnaz Winarko Student Number: 43005860 Faculty of Economics, Business and Law University of Queensland Brisbane, Queensland, Australia 2012 Abstract This paper concentrates on the discussion of formal and informal communication and its usage in organizational approach. Although both formal and informal communication support the well-Â ­being of organizations, studies suggest that informal communication has taken a big part in determining the productivity in organizations and it has derived many benefits and many challenges. Managers should know how to deal ith such thing and optimize the advantages that will create value added for the company and overcome the obstacles it might create. Many researches have studied and given results on this matter and its application in businesses worldwide. 1. Introduction Communication occurs in every single section in life, from personal to professional issues. It is inevit able that it supports the flow of social life and company’s workflow. It has been taking an important role in organizations; therefore, many studies concentrate in the discussion of organizational communication. It is believed that both formal and informal communication affect rganization’s productivity (Litterst & Eyo). However, unlike formal communication, informal communication is less controllable and unstructured. Informal communication plays a strong role in determining the result of scientific field by generating new ideas or improving the existed idea (Hagstrom). FORMAL AND INFORMAL COMMUNICATION: AN ORGANIZATIONAL 1 APPROACH Since informal communication has a strong impact on organizational performance, managers should be able to manage the flow of not only formal, but also informal communication. As business grows and the requirements needed in surviving within the competition keep adding on, xecutives should make the most effective use of every resource avai lable and by improving the flow of communication is one of the ways. This study will provide an analysis in dealing with managerial challenges regarding controlling the flow of informal communication and what managers should do to make the best of it. 2. Literature Review 2. 1 Communication Communication is the activity to convey messages through different channels, such as words, symbols and signs. Based on Duncan and Moriarty (1998), communication is a human activity that links people together and creates relationship. In order to create a successful communication, t requires three elements; they are the sender, the message and the receiver. Both the sender and the receiver have to share the same understanding so that the message can be fully transmitted. The success of communication is determined by how the message is understood by the receiver. As defined by Gamble and Gamble (2002), communication is the transfer of meaning and there are seven essentials of communication, which are people, message, channels, noise, context, feedback and effect. Although there are 126 different definitions on communication (Ruben & Stewart, 2006), but many scholars defined it as an exchange of information.Ruben & Stewart (2006) also stated that success in one’s career may well depend on communication. Not only in the individual performance, communication also determines organization’s performance. This present study will point out the importance of formal and informal communication and its applications within an organization. 2. 2 Formal Communication Formal communication is an organized and structured communication within an organization. The communication occurs in many flows. Upwards 2 FORMAL AND INFORMAL COMMUNICATION: AN ORGANIZATIONAL APPROACH communication indicates the communication from employees to executives. Downward ommunication represents the flow of communication from executives to lower level employees. Horizontal communication shows the flow o f communication within the same level of company, for example the communication flow of brand manager and finance manager. The last one is diagonal communication, which represents the communication of the upper level of a particular division with the lower level employees in another division. The types of formal communication within an organization that are commonly used are meetings, conference, phone calls, company bulletin and interview. 2. 3 Informal Communication Informal communication is nevitable in every organizational entity. By communicating with other people, employees can find similarity in hobbies, opinions and experiences, which result in being friends. Informal communication is based on social relationship among people (Litterst & Eyo, 1982). Informal communication is relaxed, casual and spread through word-Â ­? of-Â ­? mouth. Informal networks are communication links between individuals and sections that bypass the formal structures in an organization (Smith, 2011) . There are four flows in communication networks; the first one is single strand in which one person tells another person, the second one is gossip hain in which one person tells the others, the third one is probability chain in which one person tells another person who pass the news to someone else and the fourth one is the cluster chain in which one person tells other two or three people who spread the news to other two or three people as well. There is another important term in informal communication, which is grapevine. Grapevine is best described as the way gossip travels through organizations. Robbins and colleagues (2008) indicate the characteristics of grapevine: it is not controlled by management, it is more believable and reliable for the employees and it serves he self-Â ­? interests of those in the group. 2. 4 Differences between Formal and Informal Communication FORMAL AND INFORMAL COMMUNICATION: AN ORGANIZATIONAL 3 APPROACH No. 1. 2. 3. 4. 5. 6. Elements Definition Fl exibility Degree of control Evidence Discipline Formal Communication Informal Communication Takes place through Passing formal channels Flexible by Cannot be controlled No documentary proof is not followed formal channels Not flexible Controlled management Has documentary proof Official discipline are highly maintained is Discipline Flow of information Flows upwards, Flows freely to all downwards, horizontal directions and iagonal 7. 8. 9. 10. 11. 12. 13. 14. 2. 5 Differentiation and Complimentary Studies have attempted to determine which one between formal and informal communication has the most impact in organizations. Research suggest that formal communication takes role in the authority in organizational hierarchy (Dow, 1988; Jablin, 1987), differentiation of labor and specialized tasks (Dow, 1988; Jablin, 1987) and mechanism for coordination of work (Dow, 1988). Meanwhile, business communicators strongly believe that informal 4 FORMAL AND INFORMAL COMMUNICATION: AN ORGANIZATION AL APPROACH Speed Secrecy Rumor Distortion Time MisunderstandingCost Mistakes Slow Can be maintained occur Not distorted Requires much time misunderstanding Expensive Very low Very fast Difficult to maintain Small chance of rumor to Rumor can occur Can be distorted Less time occur Less expensive Very high Not much chance of Misunderstanding may communication plays an important role in increasing innovations within organizations (Johnson, 1990). Johnson, Donohue, Atkin and Johnson (1994) conducted a study on the means of formal and informal communication within an organization through three main perspectives: salience, channel factors and channel usage. The research suggested that the employees erceive informal communication as more effective and better used in achieving company’s mission. However, in terms of cultural means, formal communication is perceived as a more appropriate way to communicate. 3. Case Study First and Tomic (2011) conducted a research regarding the role of informal communication in creating company brand image and preferences. In this research, the object was an international turnkey contractor specializing in oil and gas industry. This company employed more than 38,000 employees all over the world at the time this research was conducted. This company operates in business market, so not many eople acknowledge this company’s existence. However, this company concerns about its brand image. They use formal approach in spreading its existence to college graduates by coming to the university and do presentations on its company profile. Nevertheless, formal communication only does so much. They also rely heavily on informal communication role to spread the word-Â ­? of-Â ­? mouth on the culture of the company. For example, people know from their acquaintances that this company gives high salary to their employees and this news draws them to working for this company. The second example of case study comes from the research ofAndr ea, Arnaldo and Romano (2011). The case was about Italian leading mineral water and soft drink company. In 2008, the company held 16% of the segment mineral water in Italy, 12% in soft drink and 19% in tea-Â ­? based drink. Its ROE was 18. 1% while its competitor was only 13. 8%. Its inventory turnover was 12. 6 compared to its major competitor whose inventory turnover was only 6. 15. The study focuses on determining the role of formal and informal communication in making this FORMAL AND INFORMAL COMMUNICATION: AN ORGANIZATIONAL 5 APPROACH company a leader in its filed. The study was conducted in three steps. The first one is dentifying the units that engage in the process of purchasing, manufacturing and logistics. The second step is tracing the flow of formal and informal communication during those activities. The final step is to identify how both formal and informal communication improved over time that results in a synchronized workflow of the company. The study suggested that formal communication was highly important in achieving internal integration (Andrea, Arnaldo & Romano, 2011), while informal communication is important in problem solving because it occurs in real time (Pagell). 4. Conclusion Based on the present and former studies conducted y many scholars on various objects (focuses on organizations in this matter), it can be concluded that both formal and informal communication are important in the productivity of the company and its performance as a whole. Managers should identify in which field the communication should be optimized and which way to use. There are several differentiations in the work progress on which it is better to use either formal or informal communication and managers should be well aware of it so they would not imply the wrong method of communication. As in optimizing the informal communication, managers should use personal approach as it ravels fast and is more favorable by the employees. Moreover, informal communication can be used in building company brand and image, so managers should be really careful that only the good values of the company is transmitted through informal communication. 6 FORMAL AND INFORMAL COMMUNICATION: AN ORGANIZATIONAL APPROACH References Andrea, F, Arnaldo, C & Romando, P 2011, ‘Case study: understanding how formal and informal communication affect purchasing, manufacturing and logistics integration’, Advances In Management, vol. 4, no. 7, pp. 22-Â ­? 32. First, I, Tomic, M 2011, ‘Formal and informal communication channels in creating Formal and Informal Communication: an Organizational Approach Formal and Informal Communication: An Organizational Approach By: Masayu Shahnaz Winarko Student Number: 43005860 Faculty of Economics, Business and Law University of Queensland Brisbane, Queensland, Australia 2012 Abstract This paper concentrates on the discussion of formal and informal communication and its usage in organizational approach. Although both formal and informal communication support the well-Â ­being of organizations, studies suggest that informal communication has taken a big part in determining the productivity in organizations and it has derived many benefits and many challenges. Managers should know how to deal ith such thing and optimize the advantages that will create value added for the company and overcome the obstacles it might create. Many researches have studied and given results on this matter and its application in businesses worldwide. 1. Introduction Communication occurs in every single section in life, from personal to professional issues. It is inevit able that it supports the flow of social life and company’s workflow. It has been taking an important role in organizations; therefore, many studies concentrate in the discussion of organizational communication. It is believed that both formal and informal communication affect rganization’s productivity (Litterst & Eyo). However, unlike formal communication, informal communication is less controllable and unstructured. Informal communication plays a strong role in determining the result of scientific field by generating new ideas or improving the existed idea (Hagstrom). FORMAL AND INFORMAL COMMUNICATION: AN ORGANIZATIONAL 1 APPROACH Since informal communication has a strong impact on organizational performance, managers should be able to manage the flow of not only formal, but also informal communication. As business grows and the requirements needed in surviving within the competition keep adding on, xecutives should make the most effective use of every resource avai lable and by improving the flow of communication is one of the ways. This study will provide an analysis in dealing with managerial challenges regarding controlling the flow of informal communication and what managers should do to make the best of it. 2. Literature Review 2. 1 Communication Communication is the activity to convey messages through different channels, such as words, symbols and signs. Based on Duncan and Moriarty (1998), communication is a human activity that links people together and creates relationship. In order to create a successful communication, t requires three elements; they are the sender, the message and the receiver. Both the sender and the receiver have to share the same understanding so that the message can be fully transmitted. The success of communication is determined by how the message is understood by the receiver. As defined by Gamble and Gamble (2002), communication is the transfer of meaning and there are seven essentials of communication, which are people, message, channels, noise, context, feedback and effect. Although there are 126 different definitions on communication (Ruben & Stewart, 2006), but many scholars defined it as an exchange of information.Ruben & Stewart (2006) also stated that success in one’s career may well depend on communication. Not only in the individual performance, communication also determines organization’s performance. This present study will point out the importance of formal and informal communication and its applications within an organization. 2. 2 Formal Communication Formal communication is an organized and structured communication within an organization. The communication occurs in many flows. Upwards 2 FORMAL AND INFORMAL COMMUNICATION: AN ORGANIZATIONAL APPROACH communication indicates the communication from employees to executives. Downward ommunication represents the flow of communication from executives to lower level employees. Horizontal communication shows the flow o f communication within the same level of company, for example the communication flow of brand manager and finance manager. The last one is diagonal communication, which represents the communication of the upper level of a particular division with the lower level employees in another division. The types of formal communication within an organization that are commonly used are meetings, conference, phone calls, company bulletin and interview. 2. 3 Informal Communication Informal communication is nevitable in every organizational entity. By communicating with other people, employees can find similarity in hobbies, opinions and experiences, which result in being friends. Informal communication is based on social relationship among people (Litterst & Eyo, 1982). Informal communication is relaxed, casual and spread through word-Â ­? of-Â ­? mouth. Informal networks are communication links between individuals and sections that bypass the formal structures in an organization (Smith, 2011) . There are four flows in communication networks; the first one is single strand in which one person tells another person, the second one is gossip hain in which one person tells the others, the third one is probability chain in which one person tells another person who pass the news to someone else and the fourth one is the cluster chain in which one person tells other two or three people who spread the news to other two or three people as well. There is another important term in informal communication, which is grapevine. Grapevine is best described as the way gossip travels through organizations. Robbins and colleagues (2008) indicate the characteristics of grapevine: it is not controlled by management, it is more believable and reliable for the employees and it serves he self-Â ­? interests of those in the group. 2. 4 Differences between Formal and Informal Communication FORMAL AND INFORMAL COMMUNICATION: AN ORGANIZATIONAL 3 APPROACH No. 1. 2. 3. 4. 5. 6. Elements Definition Fl exibility Degree of control Evidence Discipline Formal Communication Informal Communication Takes place through Passing formal channels Flexible by Cannot be controlled No documentary proof is not followed formal channels Not flexible Controlled management Has documentary proof Official discipline are highly maintained is Discipline Flow of information Flows upwards, Flows freely to all downwards, horizontal directions and iagonal 7. 8. 9. 10. 11. 12. 13. 14. 2. 5 Differentiation and Complimentary Studies have attempted to determine which one between formal and informal communication has the most impact in organizations. Research suggest that formal communication takes role in the authority in organizational hierarchy (Dow, 1988; Jablin, 1987), differentiation of labor and specialized tasks (Dow, 1988; Jablin, 1987) and mechanism for coordination of work (Dow, 1988). Meanwhile, business communicators strongly believe that informal 4 FORMAL AND INFORMAL COMMUNICATION: AN ORGANIZATION AL APPROACH Speed Secrecy Rumor Distortion Time MisunderstandingCost Mistakes Slow Can be maintained occur Not distorted Requires much time misunderstanding Expensive Very low Very fast Difficult to maintain Small chance of rumor to Rumor can occur Can be distorted Less time occur Less expensive Very high Not much chance of Misunderstanding may communication plays an important role in increasing innovations within organizations (Johnson, 1990). Johnson, Donohue, Atkin and Johnson (1994) conducted a study on the means of formal and informal communication within an organization through three main perspectives: salience, channel factors and channel usage. The research suggested that the employees erceive informal communication as more effective and better used in achieving company’s mission. However, in terms of cultural means, formal communication is perceived as a more appropriate way to communicate. 3. Case Study First and Tomic (2011) conducted a research regarding the role of informal communication in creating company brand image and preferences. In this research, the object was an international turnkey contractor specializing in oil and gas industry. This company employed more than 38,000 employees all over the world at the time this research was conducted. This company operates in business market, so not many eople acknowledge this company’s existence. However, this company concerns about its brand image. They use formal approach in spreading its existence to college graduates by coming to the university and do presentations on its company profile. Nevertheless, formal communication only does so much. They also rely heavily on informal communication role to spread the word-Â ­? of-Â ­? mouth on the culture of the company. For example, people know from their acquaintances that this company gives high salary to their employees and this news draws them to working for this company. The second example of case study comes from the research ofAndr ea, Arnaldo and Romano (2011). The case was about Italian leading mineral water and soft drink company. In 2008, the company held 16% of the segment mineral water in Italy, 12% in soft drink and 19% in tea-Â ­? based drink. Its ROE was 18. 1% while its competitor was only 13. 8%. Its inventory turnover was 12. 6 compared to its major competitor whose inventory turnover was only 6. 15. The study focuses on determining the role of formal and informal communication in making this FORMAL AND INFORMAL COMMUNICATION: AN ORGANIZATIONAL 5 APPROACH company a leader in its filed. The study was conducted in three steps. The first one is dentifying the units that engage in the process of purchasing, manufacturing and logistics. The second step is tracing the flow of formal and informal communication during those activities. The final step is to identify how both formal and informal communication improved over time that results in a synchronized workflow of the company. The study suggested that formal communication was highly important in achieving internal integration (Andrea, Arnaldo & Romano, 2011), while informal communication is important in problem solving because it occurs in real time (Pagell). 4. Conclusion Based on the present and former studies conducted y many scholars on various objects (focuses on organizations in this matter), it can be concluded that both formal and informal communication are important in the productivity of the company and its performance as a whole. Managers should identify in which field the communication should be optimized and which way to use. There are several differentiations in the work progress on which it is better to use either formal or informal communication and managers should be well aware of it so they would not imply the wrong method of communication. As in optimizing the informal communication, managers should use personal approach as it ravels fast and is more favorable by the employees. Moreover, informal communication can be used in building company brand and image, so managers should be really careful that only the good values of the company is transmitted through informal communication. 6 FORMAL AND INFORMAL COMMUNICATION: AN ORGANIZATIONAL APPROACH References Andrea, F, Arnaldo, C & Romando, P 2011, ‘Case study: understanding how formal and informal communication affect purchasing, manufacturing and logistics integration’, Advances In Management, vol. 4, no. 7, pp. 22-Â ­? 32. First, I, Tomic, M 2011, ‘Formal and informal communication channels in creating

Greek Myth And Play Oedipus The King Essay - 1405 Words

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