Greek Philosophical Thought Research Paper Example | Topics and Well Written Essays - 7500 words

Greek Philosophical Thought - Research Paper ExampleDuring the time of the Babylonian exile, when they defeated the Jews in Jerusalem in 587 B.C., the Jews did not lose faith in their God and strongly believed they would be delivered by Gods emissary on earth, an Anointed christ who would restore the Jews to their rightful home in Israel. Not all Jews chose to return to Israel after the Babylonians were conquered by Cyrus the Persian and Babylonia continued to have a vibrant Judaic culture for several centuries. The Persian Empire was overthrown by Alexander the Great in 332 B.C. and gave the Jews greater freedom of movement and they settled in Palestine, Syria, Egypt and Asia Minor.This gave rise to a diluted form of Judaism, especially among the Maccabees in Greek society. However, even the Hellenized Maccabees had their limits on departure from Gods Law and they revolted against the Syrian rulers in 166 B.C.. For the Jews, the ruler Antiochus pushed too hard to change Jewish cul ture. The revolt continued until 142 B.C. with the Jews ultimately prevailing. The revolt was a ferocious display of Jewish commitment to worship according to their laws and eternally colored affairs between Jews and Greeks. During the last century B.C. the Maccabees amassed a far-reaching kingdom of oppressed Gentiles. (Frend 18, 19). The Gentiles were as uncomfortable with Jewish rule as the Jews had been on a lower floor Antiochus and were substantially befriended by the Romans during their expansion into Galilee (Frend 19). During the Maccabean Wars, Rome and Jews had a combined enemy in the Selucides and even treated with the Romans in 161 B.C., thus were early allies (Frend 19, 20). Though the Jewish state continued to exist after the Roman general Pompey progressed against Jerusalem, their territory was much reduced. With the coming of the Romans, actual authority over the Jewish state was in fact Roman and a collateral of politics in the East (Frend 20). Herod, not much lo ved by the Jews, was appointed by the Roman Senate to be governor of Galilee and faced fierce opposition by the Jews. He was eventually appointed king of Jewish Judea and Samaria and operated as a client ruler under Roman authority (Frend 21). 3. The Herodian Jews were largely present in Jerusalem and other major centers. They tended to be wealthier and more Hellenized than their neighbors and had been described as godless jews in in the first place times (Frend 22). Though they had only vague influence on Christian development, the Greek element was quite pronounced during Jesus time. The Sadducees were also wealthier Jews but corporate a strong patriotism of the Jewish state. The priestly class was drawn from the Sadducees and they were strict observers of the Law of the Torah (Frend 23). So strict was their belief that they resented Herods rule and believed themselves to be accountable for maintaining Jewish law, even at the expense of other Jews. According to Frend at 23, Rebe llion could not be tolerated and messianic enthusiasm was dangerous aberration. The scribes and Pharisees were viewed as the keepers and interpreters of Jewish Law, embodied in the Torah (Frend 13). They represented the populous in leadership of the Palestinian Jews. It

The Fast Food Industry in Houston, Texas Essay Example | Topics and Well Written Essays - 1000 words

The Fast Food Industry in Houston, Texas - Essay ExampleIn 2010, Ibisworld report indicated that McDonalds Corporation had a market piece of land of 12.7 percent, Wendys had 6.6 percent, Starbucks Corporation had 5.9 percent, and Burgers King Corporation had 5.1 percent (Schlosser, 2012). This indicates that these four companies are the leading market players in Houstons fast regimen industry with McDonalds corporation being the market leader. Additionally, according, McDonalds share price is $90.79. In 2011, the companys profit rose to 19 percent that is equivalent to revenue of $6.91 billion. Wendys current-year income is projected at $2.69 billion, and Jack in the Box earnings and revenue is projected at $2.16 billion and $1.53 a share (Schlosser, 2012). In spitefulness of gloomy economic condition, Houston fast food industry is experiencing robust economic growth. Studies have predicted that the fast food market is expected to grow in the approach shot years, and will cross the $179 Billion mark by 2013 (Schlosser, 2012). The fast food industry, like any other industry, also experiences the economic ups and downs. In addition, they provide products and serve that many other businesses depend on. Various business trends such as social and financial markets significantly affect the economic status of fast food market. Some of the key factors that affect the demand and supply of fast food include health, supply, spending and financing. The impact of fast foods on health is one of the close to significant challenges.

Computer Rentals Essay Example for Free

Computer Rentals Essay1.a Using the dimensions we discussed in class, how would you describe Mitchell Gold Co.s strategical position?Mitchell Gold competes by offering high quality products at a lower price than most makers of similar quality furniture. They offer limited variety in relation to other makers, which allows them to be more responsive and deliver orders in a timely manner (97% on time shipment).1.b Consider the following description of other furniture makers (unbeatable IPF) businessThe standard product line has about 500 different items, with many of the pieces starting as stock, unfinished woody frames imported from Europe. But the finished furniture can be as different as the imaginations of the designers, with 60 different standard finishes for the wood and an almost eternal selection of upholstery provided by designers. Because each piece is hand finished by rag and brush and made to order, the wait on can take 12 weeks or longer, with one custom-made en tertainment cabinet nearing completion after almost six months. (The Record, Bergen County, NJ, 12/09/2001)How would you anticipate that Mitchell Golds production processes differ from those of Invincible IPF? Be sure to discuss the nature of the production equipment and the placement of inventory.MG offers less variety and has greater volume than Invincible. Consequently, MG believably uses more specialised equipment while Invincible has primarily usual-purpose equipment.Since designers provide upholstery provided for custom orders, Invincible should have little raw material and no finished goods. MG likely has higher raw material and finished goods inventory. Given the long flow times, Invincible likely has much higher WIP levels.Question 22.a In The Goal, curse asks Alex 3 questions Did your throughput increase? Did your inventories decline? Did your process approach decline? Define each of the three italicized terms for a process and explain why a positive answer to each of the three questions may be classified as an improvement.Throughput corresponds to the rate at which flow units flow through the process. Throughput in general should correspond to sales not production. If the product has a positive margin, an increase in throughput increases positive cash flows. Inventories correspond to the number of flow units within process boundaries. Decreasing inventories decreases the amount of working capital required. It also decreases any reduction in inventory value due to obsolescence. Process cost refers to the cost incurred in transforming inputs to outputs. A reduction in process cost increases margin and thus profitability.2.b Many enlightened firms have made flow time reduction a key objective. Discuss under which conditions a reduction in flow time improves performance of a process in terms of the modules we have discussed1. strategic competitive impactReducing flow time allows a firm to target customer segments that may want a faster response. I t also allows a firm to be more responsive to volume and taste changes of the customer.2. impact on financial flowsCash is tied up as working capital for a shorter amount of time.3. impact on critical pathThe critical path gets shorter.4. impact on stymiesBottleneck capacity may go up totally if the flow time at the bottleneck is reduced.5. impact on lean operationsGenerally allows a firm to operate with lower levels of inventory. overly shortens the time lag between introduction and detection of defects.2.c List three ways to increase the capacity of a process. Consider the likely relative cost of implementing these changes and present them in order from cheapest to most expensive to implement. Explain the rationale for your ordering.Option 1Decrease work at the bottleneck resource (e.g. by moving QC before bottleneck)Option 2 Move work from a bottleneck to a non-bottleneck resource.Option 3Add to the bottleneck resourcerationaleMoving QC before the bottleneck is a very simple c hange that eliminates work even if quality does not improve. Moving work from a bottleneck to a non-bottleneck resource requires training and changed capability at the non-bottleneck resource. Adding to the bottleneck clearly requires additional investment.Question 3The three hair stylists, Francois, Bernard and Mimi (FBM) run a refrain Service Hair Styling Saloon for busy professionals in the Gold Coast area of downtown Chicago. They stay open between 645 AM 900PM in order to fit to a large variety of peoples work schedules. In their fast service location, they perform only shampooing and hair styling activities. On average, it takes 10 min to shampoo, 15 min to style the hair and 5 minutes to bill the customer. The store layout is shown below. It consists of a shampooing area, which can charge 3 customers at a time and a styling area with 4 desks, which have fully integrated hair-modeling equipment.

Human Sexuality Essay Example for Free

Human Sexuality EssayWilliam and Jessie both 23 years previous(a) direct been dating for 3 years. They plan to bewitch married in 2 years when they finish with graduate school. About three months ago William had an unintended and alcohol induced intercourse with a colleague from work. The couple ar in counseling and working on issues of trust and communication. Recently, they have started having knowledgeable intercourse. Jessie says she is ineffectual to climax like in the past. William says he is doing everything the same and thinks she still blames him. Looking at William and Jessies case, I believe that the possible societal and gender influences link up to Williams and Jessies concerns are the male and female sexual scripts. According to pixilated, DeVault, Sayad and Yarber (2008), Sexual Scripts refers to the acts, rules, and expectations associated with a particular role (p. 143). All humans are sexual cosmoss however we all are diverse in terms of our sexual defi nitions and script expectations. Sexual scripts are not innate, yet they are learned through with(predicate) culture and socialization (Strong et al. 2008).There are as many distinctive sexual scripts as there are people, nonetheless some of these scripts have putting green themes and can be recognized as a shared blueprint or trend in the larger society. Some male scripts that are relatable to Williamss concerns are Performance is a thing that counts. A man always wants sex and is ready for it and, sexual intercourse leads to orgasm. Society has this idea that is embedded in many people that sex to men is something to be accomplished (Strong et al. 2008). It is important for us to notice that in Williams situation, he is feeling like less of a man, in other words, his ego is bruised, because he cannot make Jessie climax.Additionally, there are sexual scripts allotted to women as well. Some female scripts relatable to Jessies concerns are The traditional male sexual scripts focuse s on sex everywhere feelings, the traditional female sexual script focuses on feelings over sex, on love over passion (p. 41). Jessie apparently has issues during sex because she cant get over the thought of Williams having sexual contact with another woman, especially when William is supposed become Jessies future husband. The sexual script that relates to this issue is that the woman does not want to have sex, sex is uncomfortable for her or not pleasurable for her. However receivable to female sexual scripts, women should not talk about sex (Strong et al. , 2008).Sexual scripts are similar to traditional gender roles society holds men and women accountable for the roles and expectations that have been set for them and if we fail to live up to them, then we are failures at our gender. Moreover, there are indeed biological and psychological components of William and Jessies case. Starting with William, he cant achieve to make Jessie Climax. Psychological causes include trust and communication related stress and anxiety, because he too busy trying to assume Jesses trust.Because of this William is most likely concerned about his sexual performance, trust issues and the guilt of having sexual intoxicate intercourse with his work colleague. For women in particular, emotional liaison is a main component in sexual desire (Strong et al. , 2008) and because William cheated with a colleague, she perhaps could have grown psychologically distant. As stated by Strong et al. (2008), Desire is the psychological component of sexual arousal (p. 92).According to the Masters and Johnsons four-phrase model of sexual response, Kaplans tri-phasic model of sexual response and Loulans sexual response model, they all include desire and excitement as key elements to sexual response and pleasure and without these two elements, a person cannot rattling experience the true satisfaction of sexual intercourse and an orgasm (Strong et al. , 2008). In relation to this case the developm ental concerns related to the early maturity date st mount correspond to Strong et al. 2008) are the following Integrating love and sex, forging intimacy and making commitments. Integrating love and sex was not integrated when it comes to Williamss unfaithfulness. William was more than so thinking with his penis rather than thinking about the love of his life Jessie. As the female, Jessie thinks more with her heart and values the love for William. The thought of high treason from William, may possibly be disheartening and could hinder Jessie from climaxing during intimacy. In Jessies mind, loving William and having that solid connection with him was important to her.Furthermore this developmental concern powerfully compares to the male sexual script with thoughts of sex over feelings, while the womans thoughts consist of feelings over sex. The key to integrating love and sex was missing because of Williamss infidelity. Therefore uniting the two will take a longer process to conn ect. Forging intimacy and making commitments plays an integral part in the developmental concerns in this case as well. According to Strong et al. (2008) as a relationship become more meaningful, the degree of intimacy and interdependence increases.As adults become more intimate, most desire to develop their ability to make commitments. In relation to William and Jesse they are in a meaningful relationship, they were planning to get married and spend the rest of their lives with one another, before the infidelity occurred. It is my assumption the intimacy was on a higher level but after the infidelity occurred the intimacy decreased and the trust and communication issues began to form. During the early adulthood stage young adults begin to attend college and students began to meet lots of people in their age bracket.There will be opportunities during college where students attend plenty of social gatherings (frat/sororities houses and parties) and majority of the time alcohol and dr ugs are involved as well as furious sexual activities. Strong et al (2008) strongly believes that among college students, the use of alcohol is associated with an increased risk of unwanted intercourse, sexual violence and STDS. Since Jesse and William are in the early adulthood stage, it is a strong possibility William wants to venture out in a since before he gets married. Maybe he feels pressured and tied down to Jessie.Lastly, infidelity is putting green amongst the early adulthood population. Research by McAnaulty and Brineman (2007), states that 41% of the students identified having sexual intercourse with a person other than ones primary partner as constituting being unfaithful. More students (57%) identified dating/spending time with another as unfaithfulness. Infidelity can greatly affect committed relationships, because it could cause a wish of communication and trust worthiness. When relationships are broken, a lot of emotions occur such as lack of sleep, a decrease i n appetite, anxiety and constant glaring in some cases.

Not so Good Literature Essay Example for Free

Not so great Literature EssayAlmost half of the world of young people have read and have heard about Stephenie Meyers withstand Twilight, a story about Bella Swan, an average young woman borne of a broken marriage and who fell in love with a vampire, Edward Cullen. The book enjoyed much hype among young school girls and some boys as well, especially those in high school. It has provided young hearts and minds with ideals of fairytale love stories and superficial view of love and sacrifice. Twilight has received much popularity, simply the question of whether it is a grievous piece of literary works or not has not been given much attention amidst all this hype.Well, let me give you the answer for this the Twilight books are no-good publications, or to fulfill the requirement of the essay, they are not good for literary study. By literature, we mean, the class of writings distinguished for beauty of style or expression, as poetry, essays, or history, in distinction from s cientific treatises and works which contain positive knowledge belles-lettres (Brainymedia. com). Thus, bad literature means not passing the standards of literature from its definition which provides mentions it as a class of writings distinguished for its beauty of style or expression (Brainymedia.com). This paper would justify why Twilight is not good literature on the level of its form the plot, style, compositors cases, and content the morals and lessons in look that it washbowl give us. Good literature presents to the readers a composite plant and realistic plot, a certain literary style employing good use of figurative language and imagery and non-typical original characters. These elements define literary standards which distinguish literature from other forms of written works that call option themselves to be Literature. It adds to the enjoyment of reading and upliftment of the human soul.A good book must then enlighten us with lessons that are useful for us to grow in all aspects, with characters that are positive for us all to emulate. The oldest literary critics have told us to intoxicate how to learn and delight (Plato). Literature is not but there to entertain but also to enlighten human minds about the workings of this life. Books that pass up these criteria can also be shelved with the likes of Charles Dickens, Khalil Gibran, Anne Rice, C. S. Lewis, JRR Tolkien, and Pablo Neruda, to name a few (Pearl). Twilight Does not do Away with the Form Let me go over the form of the legend.That novel did not do much when it comes to plot. It is in addition obvious and simple a girl meets a guy. Both belong to different worlds, and both learn to contract each other and come up with sort of a uninspired love against all odds kind of a relationship. at that place is nothing radical in this kind of story. Next, the literary style used by the author can pass up for an amateur writers story book. approximately three things I was absolutely positiv e First, Edward was a vampire Second, there was a part of him and I didnt know how dominant that part might be that thirsted for my bloodAnd third, I was unconditionally and irrevocably in love with him. (Meyer qtd. in Goodreads Inc. ) This is a quote from Bellas narration of Twilight. This would sound more of a giggling girls journal entry than that of a respected literary disciple. It is too explicit and superfluous. There are other ways to depict these thoughts. It could be by using images or situations and the like. Another alarming fact here is that Meyer had the inclination to distort archetypes in a not so refined manner. Let us take Edward Cullen as an example. He took off the typical human blood-hungry image of a vampire.It could be credited as a good idea. However, the way Meyer has change him into a teenybopper boy-next-door type of character is definitely out of the question. Moreover, it is somehow impossible that an inhuman character like himself can go through the process of dropping in love without much justification or establishment that yes, a vampire can also love a human being. In hick answers, one of the members said that Edward just tells Bella love lines and stares at her, blah. Twilight Possess Content that Does Not Hit Off to Belong to the Average Thinking mortalWhat lesson can we learn from Twilight? Twilight raucously presents us with the concept that infatuation mistaken for love should be the center of our universe. Bella has met Edward for only quite a time, and they cannot just say that they would want to live with each other forever. It seemed that the love story has been sped up to have itself called a real love story. Bella cannot just pass up to Edward and say that she loves him given the fact that they only had little to no interaction at all when Bella arrived at Forks. What can we learn from Bella?She became a stereotyped damsel in distress who would need to depend upon Edward with her life. I am appalled at how Bell a reacts especially on the thought that she will be separate from Edward. Even a Twilight fan made mention of how she did not like this portrayal of Bella as a damsel in distress, and that Bellas character is also a bad influence among young women (Lichens). It is just a stereotyped fairytale love story. There is nothing much that we can learn from it in both love and life. Khalil Gibran speaks much about love and relationships as thusBut let there be spaces in your togetherness, And let the winds of the firmament dance between you. Love one another but make not a bond of love Let it rather be a moving sea between the shores of your souls. Fill each others cup but drink not from one cup. Give your hearts, but not into each others keeping. For only the hand of Life can contain your hearts. And stand together, yet not too near together For the pillars of the temple stand apart, And the oak tree and the cypress grow not in each others shadow. (Gibran)Love is standing strong together and not being together all the time. It is a concept too far away from what Bella Swan and Edward Cullen shared with each other. The book basically entertains with a limited readership of first-time book readers. Not everyone can take these words with ease. The book was able to deceive not a few fans but a large multitude. You can actually locate not a few but many quotes from the novel which you think might disprove my claim that the book lacks good use of figurative language, one of which is indicated right here.Nevertheless, the timeliness or relevance of these quotes was not well-established, and aside from being cliche, they seemed to have been inserted to untimely situations in the novel, and they do not seem so natural anymore. Take this quote for example When life offers you a dream so far beyond any of your expectations, is it not reasonable to grieve when it comes to an end? (Meyer qtd. in Goodreads Inc. ) or this Ill be patronage so soon you wont have time to miss me. Look after my heart Ive left it with you (Meyer qtd.in Goodreads Inc. ). One may also claim that Twilight teaches us good lessons such as being selfless and being willing to sacrifice for love. Let us throw this question backrest are the sacrifices that they have made necessary? We cannot expect that the public possesses considerable amount of literariness. Even people present in literary circles hail it as the very best. First-time readers might appreciate it, but there is a strong need to reeducate and process them that there are far more useful books than Twilight.There are books that can follow literary standards and are more substantial. Let us just see how long this book can withstand the evidence of time and the criticisms of people in the mainstream.Works CitedBrainyMedia. com. Definition of Literature. BrainyQuote. com. 2009. 1 April 2009 http//www. brainyquote. com/words/li/literature185325. html. Gibran, Khalil. Chapter 3 Marriage. The Prophet. n. d. Cypress Online The Psychic Digest. 1 April 2009 http//www. geocities. com/Athens/5484/Gib03. htm. Goodreads Inc. Quotes by Stephenie Meyer. Good Reads. 2009. 1 April 2009 http//www. goodreads. com/author/quotes/941441. Stephenie_Meyer. Lichens, S. A Unique Book in the Trilogy In All A Mix Between Vastly Disappointing and Tragically Romantic. Rev. of Eclipse, by Stephenie Meyer. Amazon. com. 13 disdainful 2007. 1 April 2009 http//www. amazon. com/review/RRF68XOR2W8LR. Plato. The Republic. Trans. Benjamin Jowett. South Australia University of Adelaide, 2005. 1 April 2009 http//ebooks. adelaide. edu. au/p/plato/p71r/. Pearl, Nancy. Book Lust. USA Sasquatch Books, 2003.

Lg Group Developing Tomorrows Global Leaders Management Essay

Lg Group Developing Tomorrows Global Leaders Management EssayBased on the basic management philosophy ofCompetition from a global perspectivePursuit of best value for node, employees and shareholdersBecome the worlds best business group by means of management by principleAnd contribute to social development as a good corporate citizen,Bon Moo Koo as a chairman of the LG Group, ace of the three largest Korean chaebols, announced LEAP 2005 as vision of the future. It has a goal of increasing revenue to US$380 billion by 2005 with 50% culmination from international sales. Leap 2005 centered on employees and this new vision would lead LG to develop the most rewarding workplace for employees.Mr. Y.K. Kim as the head of the LG Human imaginativeness (HR) team was charged with the task of identifying and developing high potential individual and the global leading that LG would need in the future. He worked closely with Dr. Michael Lee, Managing director of LG academy (LGA). They estim ated that LG would need approximately 1,400 new global leaders by 2005 with about half would be Korean and the rest would be non-Korean.By 1987, LG had businesses and industries in chemicals, communications, energy, electronics, pay, insurance, machinery, metals, sports and trade. scour though LG was strong in Korea, it was not an international technology or quality leader in any of its business segments, especially relative to initiatory foreign competitors.A new corporate identity program was launched in 1995, Lucky-Goldstar Group officially miscellanyd its name to the LG Group. The logo was throwed to symbolize five anchor concepts The world, The Future, Youth, Humans and Technology.Top management and HR team needed to create global working environments that include both Korean and non-Korean leaders in company to achieve the objectives of Leap 2005.Strategic analysis using 7s frameworkStrategyLow toll dodging (1947 1987)Focused on competing through small-scale cost man ufacturing but also strongly emphasized high production volumesUnder pricing competitors with products of acceptable, although not superior, qualityIt established Lucky-Goldstar brand as a low cost and acceptable quality products manufacturerValue strategy (1987 1995)Korean consumers were increasingly aware of and demanding higher quality products because of the standard of living increased the ability to afford higher quality products and servicesKorean government began to relax trade barriers that made it easier for foreign companies to compete with LG in KoreaThe cost competitiveness of Korean began to slipStrategic orientation of LEAP 2005Focused on strategic markets that expected with economic growth and size, also the extent of business opportunity in that marketTechnological revolution through innovation to be produced faster or more cost efficientlyInvestment for the greatest possible cash in ones chipsCustomer satisfaction as a key measure of supremacyStructureCentrali zed decision making and a wind-down management physical processIn 1987, LGs various affiliated companies were divided into 21Cultural Units consists of multiple Strategic Business Unit (SBUs)SystemsDepartments were separated and sequentially handing off projects from product research to product design to engineering to manufacturing to marketing to salesManagers had to develop a new perspective on time based competition thus speed had to be a central value that permeated the groups cultureShared ValuesFocused on valuing employees and contributing to social development through good corporate citizenshipIn 1987, concentrate on creating customer valueValuable components from old culture stability, harmony and respectEstablished and reinforce four new cultural elements challenge, speed, simplicity and boundarylessness agencyIn 1980s, the new management approach management by self-control for greater decision making autonomyCultural value of respect, translated into a top down manag ement style and emphasis on hierarchyLeap 2005 required LG to change course to a global setting, leadership development emerged as one of the biggest challengesStaffManagers focused on producing high volumes and getting per unit as low as possible rather than finding out what customer wanted, developing high quality products or expanding marketing capabilities.SBU heads were given full profit and loss responsibility for their unitsWithin SBUs, middle managers were charged with reviewing and reengineering business processes to project efficiency and effectivenessCultural Unit presidents focused on integration and coordination across SBUsNeed more global leaders because LG had a domestic orientation in the past included both Korean and non-KoreanPeople from different disciplines and geographies increasingly needed to work together to analyze problems and figure out solutionsSkills legion(predicate) managers were lack experience with decision autonomyNeed hundred of world class manage rs to achieve its target with more sophisticated knowledge in financeRecommendationsCharacteristics of the tender organization that would help LG achieve Chairman Koos LEAP2005 vision of the futureFirst, HR should be held responsible for defining an organizational structure. It should identify the model of the companys means of doing business. The well known 7s framework distinguishes seven components in a companys architecture. LG Human resources Team should also used a change model to guide a transformation process at the company began by asking Who, Why, What and How. This model helps an organization identify the key success factors for change and assess the organizations strengths and weaknesses regarding each factor. As change agent, HR professionals do not themselves execute change, but they make sure that it is carried out. The hardest and most important challenge facing LG in that era was ever-changing their culture. In helping to bring about a new culture, HR must follow a four steps processIt must mold and clarify the concept of culture changeIt must articulate why culture change is central to business successIt must define a process for assessing the current culture and the desired new culture, as well as for measuring the gap between the twoIt must identify election approaches to creating culture changeHR strategies, policies, programs or practices translating the Chairmans vision into humankindKey needed capabilities of LGs future global leadersManagers had to change their mindset from flawlessly slaying orders to determining strategic directionManagers are required to have a clear idea of what customer needs, values and preferencesWorld class managers that have capabilities for success and growth strategiesLG needed a cadre of managers with more sophisticated knowledge of financeTo challenge and think differently and to come up with breakthrough innovationsglobalization they must be more literate in the ways of international customers, comme rce, and competition than ever before therefore LG should increase their ability to learn and get together and to manage diversity, complexity and ambiguity.Profitability through growth they must also become more focus, more in touch with the fast changing and disparate needs of their customers.Technology the challenge for managers is to make sense and good use of what technology offers. They will need to figure out how to make technology a viable, productive part of the work setting.Intellectual Capital The challenge for organizations is making sure they have the capability to find, assimilate, develop, compensate and retain such talented individuals.Change, change and more change LG must be able to learn rapidly and continuosly, innovate ceaselessly, and take on new strategic imperatives faster and more considerablyHow to identify, attract, select and hire, train and develop, motivate, appraise and reward to perform at peak level, and retain the global leaders with the needed co mpetencies and capabilities?The establishment of a development strategy is an important first step in the recruiting process. The second is achieving a fit between it and the rewards that an organization offers. A good fit must exist in in order to attract and motivate effective performance. The issue that needs to be considered when recruiting individuals relates to their motivation to perform. Attracting and recruiting the right talent is a critical part of managing valet capital and an integral element of the designing process in organizations.Companies are starting to evaluate their employees not only by objectives but also by the competencies they develop. One possible procedure is what is known as the balanced scorecard. Under this procedure indices of competencies are added to indices of results, and a weighted average is calculated to obtain a final index, which tends to be tied to variable pay.Every company must decide what competencies it needs to develop in its managers in order to achieve its particular proposition goals. The competency profile it chooses is a clear and precise expression of the culture it wants to promote, and can therefore be used as a tool for cultural change.Core competence of the corporationCollective learning in the organization, especially how to coordinate diverse production skills and integrate multiple streams of technologiesHarmonizing streams of technology, organizing work, and delivering valueComplex harmonisation of individual technologies and production skillsCould the team take the same approach with the Korean and non-Korean managers?Yes, as long as managers have some strategic competency as follows business vision, problem solving, resources management, customer orientation, effective networking and negotiation. And also leadership capacity with following basic competencies communication, organization, empathy, delegation, coaching and teamwork.QuestionsWhat do you consider as the desired characteristics of the h uman organization that would help LG achieve Chairman Koos LEAP2005 vision of the future?If you were a member of Mr. Y.K Kims LG Human Resources Team, what HR strategies, policies, programs or practices would you recommend to translate the Chairmans vision into reality?What were the key needed capabilities of LGs future global leaders?How would you identify, attract, select and hire, train and develop, motivate, appraise and reward to perform at peak level, and retain the global leaders with the needed competencies and capabilities?Could the team take the same approach with the Korean and non-Korean managers?

Principles of Musharakah and Mudarabah

Principles of Musharakah and MudarabahMusharakah and Mudarabah written in the books of Moslem fiqh gener whollyy means contracts which are formed for starting a joint take a chance in which all partners participate in the melodic phrase from starting till end when assets are tranquilated. The books of Islamic fiqh were written in an environment when there were just small trades and no large scale businesses took place. The principles of Musharakah and Mudarabah screwing be utilise to small as well as large scale commercial enterprises. The base principles of Musharakah and Mudarabah are as followsMusharakah and Mudarabah financing is not interest basedFinancier /investor mustiness share exhalation to the extent of their enthronisationProfit is distributed accord to the agree ratio with their mutual consent, but the sleeping partner canfult claim more than the ratio of his enthronizationLoss suffered by partner is exactly according to the proportion of his investmentFor financing a project, the traditional method of Musharakah and Mudarabah can be easily applied. If a Financier wants to finance the whole project, he can use Mudarabah financing and if some parties want to finance the project jointly, they can adopt Musharakah financing.It is very easy to evaluate the jacket if the Musharakah or Mudarabah have been established since inception of the project. In skid of Musharakah if any partner wants to withdraw from the business, the other partners can purchase his share at an agreed ratio. The partner can hence either fully own the business on his own or can sell the share of the partner who withdrew his capital to other person who can substitute the withdrawing financierSecuritization of MusharakahMusharakah financing can be securitised easily, in case of big projects a extensive sum is required which a few flock cant afford. Every person investing is given a Musharakah certification which represents the amount of bills he has invested in business. After the start of the business and buying non liquid assets, the certificates can be treated as negotiable instruments which can be sold in the substitute markets. However, if all the assets of Musharakah are in liquid form, buying and selling of these certificates is not allowed because as all the assets are in liquid form and exchange of such assets means exchanging money for money, and for exchanging money for money both must be equal. Access from any side is Riba, which is prohibited in IslamIn case if the money invested is invested in non-liquid assets as land, machinery etc. the Musharakah certificate will represent the portion of ownership in those Assets. In this of assets being in non-liquid form, it will be allowed by the shariah to sell certificates in the secondary market on any price agreed upon by the parties with their mutual consentIn case the assets in the business are a concoction of liquid and non-liquid assets most of the schools of thoughts includin g shafii have allowed trading only if the size of non-liquid assets in the whole business is more than 50%. However, if the Hanafi view is adopted, transaction if valid flush if the non-liquid assets are less than 50% but the amount must be greater than liquid assets and non-liquid assets must not be negligibleFinancing of a single transactionThe principles of Musharakah and Mudarabah can be easily used for financing a single transaction. It can be applied for fulling day to day call for of small traders as well as for import and export transactions. An importer can approach financier for financing him for importing goods for a single transaction. Banks can besides finance for importing goods. If the letter of credit has no restrictions, Mudarabah can be followed and if the letter of credit has restrictions, Musharakah suits for such case. After selling the imported goods, the sales live can be shared by the financier and the imported on an agreed ratioWhen finance is required f or working capital of a already running business, the principles of Musharakah can be applies in the following waysBefore investing in the running business the capital of the business can be evaluated by the mutual consent. As according to Imam Malik, non-liquid assets can also form a part of capital so, this view can be applied here. The value of the already running business will be the share of one partner and the amount of investment by the financier will be his share. The shekels given to the financier is agreed upon by both the parties which should not exceed the amount of his investment. The Musharakah can be for a limited period of duration like 6 months, one year, two years, after the completion of the term both the liquid and non-liquid assets are evaluated again and profit may be distributed on the basis of evaluationSharing of gross profitFinancing by the method above can be very difficult in case the business is big and has large number of fixed assets, because the va luation of the assets, their appreciation or depreciation may create accounting problems which can cause disputes among partners. In this case Musharakah may be applied in another wayIn this scenario, difficulty arise due to calculation of indirect expenses like recompense of staff, depreciation of machinery etc. For solving such problem only direct expense like raw material, labour, etc. Shall be borne by the Musharakah. It means all the indirect expenses shall be borne by the industrialist and instead of net profit, gross profit shall be shared among the partners. In order to compensate the industrialist, the percentage of his profit may be increasedRunning musharakah account on the basis of daily productsMost of the financial institutions finance working capital by opening a running account from where the client draws the money at different intervals and returns surplus money. This process of credit and debit goes on and up to date of maturity. interest is reckon on the basis o f daily productsFor making such arrangement possible for Musharakah Financing, following procedure may be suggestedA portion of the actual profit must be used for management of the businessA portion of the profit must be used for paying the investorsLoss must be borne by the investor in the exact ratio of their investment in the businessThe average of the contribution made to the musharakah account on daily basis must be treated as the share capital of the financierProfit earned at the end of the term must be calculated on daily product basis, and must be distributed among the partners accordinglyIf parties allow such arrangement, it does not seem to violate any principles of Musharakah However, this needs to be looked into by the experts of Islamic jurisprudence. Practically, it means the parties have agreed to the principle that the profit earned at the end of the agreed time will be divided by the capital utilized per day. Which will lead to average of money earned on daily. The amount of money earned per day will then multiplied by the total number of days the money is invested by the partner for the calculation of his actual profitSome of the scholars do not allow this method as this method does not reflect the calculations of the actual profit earned by a partner of the Musharakah. The business may have earned a huge profit during the time a partner had no investment at all or share of his investment would be negligible but he will be paid at par with the other partners who had invested a huge sum of money. Similarly, the business may have suffered a great loss when a particular partner had invested huge amount of money and he will pass on loss to the other partners despite of their no investment during the loss or having invested negligible amount of moneyThe answer to the argument is that it is not necessary for the partners in Musharakah that they earn profit on the amount of their investment only. Once the Musharakah takes place the profit earned by the business are earned by all the partners despite whether their money in invested in the business or not. This is generally true for the Hanafi school of thought, which does not make it necessary for a Valid Musharakah that the money invested by the partners are together mixed up