Risk Management And Profitability In Banking

Risk Management
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Introduction

Banks tend to be one of the largest institutions across globe, which deal in finances. In the current era there are different types of banks available, providing different types of commercial services. The most common type of bank is the commercial bank which is involved in the day to day business activities with the individuals & corporate across the globe. Since their dealing is in daily finances, they are further subjected to a number of regulations. One of the many regulations is the requirement of the minimum capital by the banking organisations which must be kept for absorption of loss in case any adverse event happens (Coles, 2020).

The financial liberalization and elevation in the level of business and competition among the financial institutions for gaining market share has further made risk analysis an imperative part.The term risk management in the purview of banking does not imply that banks are not allowed to take risks. It rather sets regulations and safeguarded measures under the purview of risk, as much as the capital structure of the given banking institution might allow at the given point of time(Yaylali & Safakli, 2015).

Understanding Risk Management

Need of risk management in the financial sector has been quite a significant part. Furthermore with the Based II Accord, risk management has further seeped into being a core part n the banking sector. The financial liberalization and further elevation in the level of business and competition among the financial institutions for gaining market share has further made risk analysis an imperative part. There has been further expansion in the credit derivative market as well as there have been newer financial instruments dealt by banks for the changing business scenarios. The credit management has gone to become further complicated in past two decades. A result of these developments in the banking and financial sector, the introduction of risk evaluation has been quite a necessity(Bhati, S. et al, 2020).

Source: (Coles, 2020)

The first major step in the effective risk management process is the identification of the exposures of risks to which a business might be subjected to. The subsequent steps then include the measurement of extent of these financial risks and finally the control and mitigation measures which can be deployed under the purview controlling these risks. At the stage of control university assignment help said  mitigation of risk various regulations set under the purview of BASEL Accord take hold. A number of regulations are further taken into account (Zubairi & Ahson, 2015).

Purpose Of Risk Management In Banking Sector

The term risk management in the purview of banking does not imply that banks are not allowed to take risks. It rather sets regulations and safeguarded measures under the purview of risk, as much as the capital structure of the given banking institution might allow at the given point of time. Banking as nature of business itself deals with numerous risks and avoidance of risks at all would rather result in incurring losses under the purview of these establishments. Thus, main objectives of risk management under the sector of banking include improvement in the overall financial performance of the banks, and preventing the banks form incurring any major loss which it may not be able to accept or cover through its own capital(Srestha, 2017).

A banking business mostly requires a well organized and sustainable system of risk management which can further be adapted to various conditions as per the changing market situations, while also being in compliance with the bank’s structure at the same time along with the employment of its inactive capital into a yielding financial activity. The types of risks borne by the banking business have been expanding with changing financial instruments and changing business scenarios as well(Hallunovi & Berdo, 2018).

Common Risks Factors In Banking

Banks tend to invest in securities as all the market levels, thus there tend to be a variety of risks which they deal with on a day to day basis. These numerous risk can be condensed into two major categories of risks under the purview of a banking business. The following are two main categories:

Source: (Azad, 2018)

Market Risks: The market risks under the purview of a banking organisation are also the macro level risks which they deal in. These are unavoidable in nature, and thus can be a major cause of concern for the banking institutions. The market risks are defined as the risks of losses which occur due to changes in market scenarios of loss of variables in a market. The variables under this purview include changes in rate of exchange, changes in the interest rate risks and changes in the inflationary levels in an economy.

Credit Risk Factors: The external risks on the other hand include the credit risks which primarily tend to occur when the bank tends to take up a role of intermediary on the over the counter trade transactions. In case the counter party in such trade fails to honor its part of payment, the negative side of such risk comes to its play. In a day to day banking business, if a client fails to make interest payment or defaults in the payment of principle amount, the banks may have to bear serious repercussions. Under this purview derived by instant assignment help experts ,the management risks is the key takeaway in this business sector(CFI, 2021).

Operational Risk: these arise from within the institute, and usually tend to be controllable in nature.

Elements In A Sound Risk Management Process

The major elements under the purview of risk management tend to depend on situation of risk which is being dealt in. Since, each situation under the purview of risk can be unique; the risk management fundamentals tend to be adjustable as a case per case basis. The complexity as well as formality tends to vary widely amongst the institutions, each institution under this purview tends to create an assessment procedure for each risk that the organisation deal in, it further helps in evaluation of the performance over time as well.

Source: (Deloach, 2018)

The major elements include the level of accountability, separation of duties as well as clear lines of the authority under the purview of organisational management. The duties of those particularly involved in the purview of management of risk as well as internal control of the banking institution form the major element of this overall process. These elements, along with other time tested elements are involved in the risk management techniques of the organisation.

Process Of Risk Management

The process of risk management involves several stages which must be encountered by a banking institution in to present an analysed reporting of the overall determined risks which are evaluated by the use of appropriate methods of risk measurement. Under this process the regulatory as well as supervisory authorities set up methods of measurements of risk, which the institution might be exposed to in its daily course of business. Once the appropriate risks have been identified, the risk exposures of the business properly need to be recorded. These recorded risks are further formed into risk policies under the purview of the business, which are implemented by the senior management(Acevedo, 2020).

Risk Management In Banks & BASEL Accords

As per the Basel II accord, the banks must function under three major pillars. These pillars are formed keeping the major market risks in focus, which are projected to a bank. Cheap essay help writers of ArabEssay derived to ensure that banks are able to manage their risks, the three pillars laid under this accord include:

  • Capital adequacy requirements
  • Supervisory review
  • Market discipline

The pillar of capital adequacy approach requires for standardised approach as well as internal ratings based approach for the organisation. The method of ‘risk-weighted assets’ is deployed which lays provisions for banks to maintain a minimum level of capital adequacy ratio. Under the standardised approach,banks deploy use of ratings from external sources including credit assessment institutions, for internal approach, banks deploy methods to calculate the probability of default in case of a bank’s debtor (Princeton, 2021).

The other pillar allocates for supervisory review. The supervisory review lays to effective supervision in internal capital adequacy of a bank and a need for the capital structure under the purview of the bank. Supervision is meant to ensure appropriate allocation of capital and intervention at decision making process to ensure appropriate risk levels (Okarimia, 2016). Get to know more about banking supervision from online assignment help experts of ArabEssay.

And finally the pillar of market discipline implies to evaluate the market risks and disclosure of essential market information under the purview of placement of the capital.Furthermore, Basel III Accord has come into purview, providing further revised definitions and techniques of risk management under the purview of banking institutions (Onyiriuba, 2016).

Risk Management And Capital Adequacy

The term ‘capital adequacy’ in an organisation reflects the statutory level of minimum capital reserve which might be needed by a financial institution or investment firm, or the banking institution, to have this available is a minimum level of required capital under the purview of risk weighed assets as well as current liabilities under the purview of the business. In other words, capital adequacy ratio, abbreviated as CAR tends to measure the amount of capital a bank must retain in comparison to the risk taken up by the bank. There are two types of CAR under the purview; the tier 1 CAR persists ensuring that institution can absorb a reasonable amount of loss without any failure to cease its trading, while the tier 2 represents the situations when institution can sustain loss in event of the liquidation. Thus tier 2 presents less protection to depositors as against the tier 1(Maverick, 2018 ).

Even though banks operating under the excessive capital in hand do not present much of problems in terms of risk, it can be problematic for the investors. Assignment writer made a remark on A capital lying idle with the bank is actually a deal of loss for the business. This further results in in a reduced equity and less profitability to banks than it can actually earn(Bhati, S. et al, 2020).

The relationship with risk management to that of capital adequacy is that the potential of risk must be taken in the proportion of capital available with the bank. However, if the larger part of capital is kept idle it would result in reduced profitability and low return on equity. But at the same time, the level of economic capital in bank must be adequate enough to meet the level and amount of losses. Given the point of time, there is also a need to distinguish between the unexpected losses and the expected losses. The part of capital which must cover the unexpected losses arising from the risk is called a venture capital. The capital adequacy ratio in a bank signifies if the credit rating is high, the probability of the bankruptcy of the institution becomes largely low (Yaylali & Safakli, 2015).

Risk Management & Profitability In Banking

Banks tend to be one of the largest institutions across globe, which deal in finances. In the current era there are different types of banks available, providing different types of commercial services. The most common type of bank is the commercial bank which is involved in the day to day business activities with the individuals & corporate across the globe. Since their dealing is in daily finances, they are further subjected to a number of regulations. One of the many regulations is the requirement of the minimum capital by the banking organisations which must be kept for absorption of loss in case any adverse event happens(Maverick, 2018 ).

Going back in history of banking, in the decade of 1970, some disruptions in banking occurred; which ended up affecting the international financial markets. Then, the Supervisory office of the German Federal Banking ended up withdrawing the license of Bankhaus Hersatt, and due to unsettled trade with Bankhaus Hersatt, banks outside Germany had to take up deep losses. Around the same time, New York’s Franklin National Bank also shut it door owing to huge foreign exchange losses. A number of other small localised banking events were also registered, which further led to contributing to the banking regulations reforms under BASEL committee, beginning with central banks of G10 nations(Li & Zou, 2015).

But this did not end the bank & financial disruptions in the coming decades. Latin American debt crisis in the 1980 particularly caught attention of the Basel committee. Further Asian Financial crisis of 1997 and most prominent global financial crisis of 2008 witnessed some stark crash and failure in the banking systems. As per dissertation help professional Creating a domino effect and interconnections of banks due to international trade ended up resulting in global level bank crisis (Okarimia, 2016).

Profitability Of Commercial Banks

The terms profitability under the purview of banking indicates its capacity to be able to either carry risk or increase their capital, indicating their measure of management and competitiveness in the sector. There are internal and external control leading to its profitability and methods like DuPoint Model, return on equity and return on assets help in analyzing the profitability under the purview of the business(Yaylali & Safakli, 2015).

CAR & ROE

Under the purview of study it can be understood that capital adequacy ratio (CAR) plays a significant role in the risk management. However there is not direct affect of it linking to the return on equity (ROE). Rightlythough the idle capital kept under the purview of CAR generates no profits, but given the major risk bearing events under the purview of banks, it cannot be denied that it tends to provide as a major cushion in the case of events leading to losses. So, in the simplest form, it can be ascertained that risk management may not have a contribution in direct profitability of the banks, it definitely does contribute in prevention of losses, or provides as cover from losses that occur due to interconnected or international financial events(Yaylali & Safakli, 2015). At last, if you have any doubt in regards of financial events, take assistance from plagiarism free assignment help of ArabEssay.

Conclusion

The above study has aimed at discovering the relation between the risk management procedure and subsequent affect of profitability in a banking institution.

The study has established that credit management has been becoming quite complicated in recent decades and risk management has become an imperative part of financial institutions to deal with several credit, market and operational risks. The BASEL accord and its provisions which were developed seeing numerous bank crises particularly in the decades of 1970 and 1980 tend to provide some regulations to take a blow in case of occurrence of risk.

In this purview keeping a capital adequacy ratio may lead to some idle capital which tends to lower the return on equity. However, it has been established that risk management may not have a contribution in direct profitability of the banks, it definitely does contribute in prevention of losses, or provides as cover from losses that occur due to interconnected or international financial events.

References

Acevedo, L. (2020). Risk Management Techniques. Retrieved from https://smallbusiness.chron.com/design-audit-policy-plan-18449.html

Azad, S. (2018). Operational Risk: Banking Perspective. Retrieved from https://www.daily-sun.com/arcprint/details/338633/Operational-Risk:-Banking-Perspective/2018-09-26

Bhati, S. et al. (2020). IMPACT OF RISK MANAGEMENT ON PROFITABILITY OF BANKS. Malaysian E Commerce Journal .

CFI. (2021). Managing Risks in Investment Banking. Retrieved from https://corporatefinanceinstitute.com/resources/knowledge/strategy/managing-risks-in-investment-banking/

Coles, D. (2020). How to identify, analyse and manage the risks your business faces. Retrieved from https://www.dandmmanagementaccountants.co.uk/risk-management

Deloach, J. (2018). Key Elements of the Risk Management Process. Retrieved from https://www.corporatecomplianceinsights.com/key-elements-of-the-risk-management-process/

Hallunovi, A., & Berdo, M. (2018). The Relationship between Risk Management and Profitability of Commercial Banks in Albania. Asian Themes in Social Sciences Research .

Li, F., & Zou, Y. (2015). The Impact of Credit Risk Management on Profitability of Commercial Banks: A Study of Europe. Retrieved from http://www.diva-portal.org/smash/get/diva2:743402/FULLTEXT01.pdf

Maverick, J. (2018 ). Why Is the Capital Adequacy Ratio Important to Shareholders? Retrieved from https://www.investopedia.com/ask/answers/042915/why-capital-adequacy-ratio-important-shareholders.asp

Okarimia, J. (2016). James Okarimia – Basel II Pillar1 Analytics : Covering Credit, Market,and Operational Risks. Retrieved from https://www.slideshare.net/JAMESOKARIMIA/james-okarimia-basel-ii-pillar1-analytics-covering-credit-marketand-operational-risks

Onyiriuba, L. (2016). Applications of Basel Accords in Emerging Economies. Emerging Market Bank Lending and Credit Risk Control .

Princeton. (2021). Basel II. Retrieved from https://www.princeton.edu/~markus/teaching/Eco467/10Lecture/Basel2_last.pdf

Srestha, R. (2017). The Impact of Credit Risk Management on Profitability: Evidence from Nepalese Commercial Banks. SSRN Open Journal .

Yaylali, P., & Safakli, O. (2015). Risk Management in the Banking Sector: Case of TRNC. International Journal of Academic Research in Economics and Management Sciences .

Zubairi, H., & Ahson, S. (2015). BALANCING RISK MANAGEMENT AND PROFITABILITY. PAKISTAN BUSINESS REVIEW JULY .

Overview Of Change Management

Change Management
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Introduction

The purpose of this study is to understand the extent of impact the process of change management lays on the overall success of an organisation.

The term change signifies the ever changing environment of human. Any organisation which operates cannot escape the changes that perpetually keep occurring in the aspect of the global markets. Thus changes in the process of the organisations become essential. However, if these are not managed, it can be quite disruptive, as the impact may tend to vary at different levels, it is essential that management approach for the said changes is applied(Domingues, A. et al , 2017).

Change management is an approach of implementing the needed in changes in the purview of the business in the organisation. The management of these changes ensures that needed changes whether adaptive or transformational in nature, are deployed in stages so that elements of the organisation are able to align and adopt with the needed changes.

Rational Of The Study

The study lays an understanding of the change management, the reasons it might be needed in an organisation and the responses in sense of internal management which are received under this.essay writer defines the approaches and impact of change management, highlights the way it tends to contribute to the success of organisation.

Understanding Change Management

The term change management tends to refer to the methodology and mannerisms in which an organisation describes as well as implements the changes in both the internal and external processes under its purview(Stouten, Rousseau, & DeCremer, 2018). It is a collective approach which tends to include the process of preparing and supporting the teams or individuals within the purview of the organisation, to understand and implement the needed change in the organisation. While minor changes are a part of continuous improvement for the organisation, and tend to be a perpetual part of the growth of a business, it is the major and significant changes under the purview of the organisation which can tend to be challenging(Domingues, A. et al , 2017).

Source: (Heathfield, 2021)

The term change management refers to movement of one state of way organisation functions, to another way of functioning. The state of change accompanies changes in the goals, changes in structure of the organisation, changes in the culture, etc. (Sang, J. et al, 2019). Thus the change in the purview of the organisation can be used in several attributes, whichever applies in the given circumstances. Significant changes in the structure of the organisation, whether internal or external, tend to require co-operation at various levels, and induce involvement of different independent entities in the purview of the organisation. This becomes essential in developing a structural approach for the function of organisation and ensuresthe transit would be of benefit to organisation, ensuring the mitigation of disruption at the same time(Stouten, Rousseau, & DeCremer, 2018).

It becomes necessary that the needed change is clearly defined. It has often been reasoned that changes seem to usually fail the reasons of human. There is often requirement of an effective plan in the organisation, to control the flow of change, the way it affects the people at work, the stages in which it is implemented, and whether or not the desired outcome is achieved(Sang, J. et al, 2019). To know more about change management, take instant assistance from online assignment help UAE.

Why Does The Need Of Change Management Arise?

Changes majorly are driven by the circumstances in which the organisation tends to be. These could be ranging from the changing market scenarios, changing external environment and macro factors affecting the business, or the changes in the internal processes and adaptation to technology. No matter whatever is the reason, the overall objective in the change management tends to be leading the organisation to be ready for the future state of the business which can be strikingly different from the current state of the business as well. Thus, given in this perspective, the scope as well as scale of the change being implemented may vary, depending on the need(Millar, Hind, & Magala, 2012).

At times change can be limited to a particular department of a business, say changes in the way marketing department functions or the operations, etc. Or it may be covering the whole organisation, affecting all of its departments at personnel in it, at the same time(Stobierski, 2020). It must also be understood that changes in the purview of organisation are not always controllable. At times, the external circumstances change so rapidly that organisations end of having either of two options. These options can be either evolve with the needed change or succumb to the market pressure. In either of the two scenarios, it is a given fact that the function of the organisation would definitely not be the same before the said change happened(Cherwell, 2021).

Since changes, if not at all managed, can be quite disruptive, as the impact may tend to vary at different levels, it is essential that management approach for the said changes is applied. Assignment writer explained the strategies of change management help in having a direction as well as a clear set purpose of all the activities which are taken in the purview of the change management. This helps the process of change to be less disruptive and more beneficial in the purview of the organisation(Stobierski, 2020).

Response To Change In Organisation

Organisation changes, particularly those that are quite substantial in nature, could be quite difficult to adapt. It entails the changes in the processes of the work, changes in organisational culture and conditions of employee engagement. While some personnel may find it easy to get along with the proposed changes, other may tend to reflect some resistance on their part, for the said changes. Thus the responses to change in the organisation can be of mixed nature. While some may show acceptance on their part, other may reflect some resistance as well(Ahmed, 2020).

It is during the time of such changes that role of leaders can become quite imperative in promoting an atmosphere of an overall psychological safety, which may further assist the resisting individuals to take a leap of faith in the overall process of transition(Domingues, A. et al , 2017). It is believed that resistance is the first and normal response to change as humans have psychological tendency to fear the unforeseen. In the purview of organisation, it is often met with lack of productivity, unwanted and uncivil activities to discourage changes, etc. In such conditions, open communication and majorly effective communication becomes quite the needed strategy in the process, aiming at managing the responses of the people dealing with the process(Heathfield, 2021).

Approaches To Change

There are two major approaches under the purview of change management in a business. The changes in this purview can either be adaptive changes or the transformational changes. The adaptive changes tend to be small and minor incremental changes which the organisations tend to adapt for addressing the needs of evolving over the span of time(Al-Nahyan, M. et al , 2017). Typically, these changes tend to be in the form of minor modifications or the adjustments by managerial authorities in tuning the daily flow of activities and implementing them over the strategies of the business. Under the purview of this process, the leadership might bring minute changes like addition, subtraction or refining in the some processes of the business. A simple example in this aspect can be upgrading of the operating systems of computers in organisation to windows 10 from windows 8(Stobierski, 2020).

On the other hand, transformational changes tend to be much larger in terms of scale and scope in comparison to adaptive changes. Essay writing help professional said These can involve a major shift in the strategy as well as mission in the company, its business process, its structure, people or the organisational performance. It is due to the changes required in these processes; there is need of substantial amount of time, resources, and energy to ensure the needed changes and a positive outcome(Rosenbaum, More, & Steane, 2018). Even though transformational changes can be voluntary, brought about by organisation’s vision, these changes often tend to be in response due to any external forces or emergence of either new disruptive technology or a new competitor, which can lead to impacting the business, which tend to compel the organisation to adapt to the change. For example, adaptation of customer relationship management software (CRM) or enterprise resource planning (or ERP) software is a transformational change for an organisation(Stobierski, 2020).

Positive Impact Of Change Management On The Organisation

It must be understood that organisation does not change, but with change management in purview, its processes and people may change. However, change management in itself must be a guarded and properly handled process in order to have a successful implementation. The intended impact of the change management on the organisation is deemed to be positive in nature. As discussed above, changes can be developmental or transitional in nature. In any way, the change intends the survival and profitability of the corporation not just in the current era, but in the long run as well(Rosenbaum, More, & Steane, 2018).

Whether it is planned or emergent, changes are bound to occur in the market demand or product processes. Further with the fast paced technological advancements, the changes in the circumstances of business and organisation have been becoming more rapid. Thus, change management lays a positive impact on the function of the organisation through leading it towards a future oriented business strategy, which would help the organisation have not only a survival in the long run but also the profitability as well(Ahmad, M. et al , 2017).

The process of change management helps the organisation to have a smooth transition from its current process to the next. A smooth transition helps the organisation and its people to have a chance of adapting to the changes step by step, without laying adverse affects on the productivity of the organisation or its consumer. Thus it positively helps an organisation to implement the change, elevate productivity, profitability and consumer satisfaction, which ensuring adaptation of the organisation as per the needed market changes at the same time(Lozano, Ceulemans, & Seatter, 2015).

However, sudden implementations can be chaotic, less sensitive to balance and might end up lowering the productivity as against the desired rise in the productivity levels. If the process of change management is not handled with care, there may be adverse effects as well, which may include the decline of productivity for a longer scale and for an unreasonable duration. In this, the foremost thing to handle is the willingness of managers. If the managerial authority itself is not convinced for the changes being implemented, it is highly unlikely that they would encourage their subordinates to cooperate in the same. Therefore university assignment help predicted Such negative impact would be evident on the productivity, customer service, and subsequently on the profitability of the business(Anyieni & Gidion, 2016).

Change Management & Success Of Organisation

Change Management has shown evidence in the success of organisation in terms of growth and adaptation to change. This adaptation to change is essential for business to adapt the future changes and let the employees have an understanding of the shift which is occurring in the work place(Stouten, Rousseau, & DeCremer, 2018). Without management of the change, the transition of the organisation could end up being expensive and tremulous in terms of both resources as well as time. Thus the properly managed changes can be helpful in boosting the morale of employees, who are the essence of the success of company. This also helps the employees to adapt and develop the competent skills which might be needed under the purview of changes being implemented in the organisation(Aitken & Treuer, 2020).

As discussed in the above section, changes fall in the adaption spectrum or transformational spectrum, or somewhere in the middle of the both. The overall motive the change management aims at it’s the growth and success of the organisation, in alignment to the everchanging external environment of business(Cherwell, 2021).

Proper change management also contributes in boosting the morale of employees in the organisation. Be it leaders, managers or executive, these people form the backbone of the business, in terms of the service they deliver. Proper change management ensures that these people in the organisation are successfully involved in the transition and are actively involved in the overall transition of the business. This helps the organisation to maintain and ensure a constant state of evolution as well as facilitate those periods when the business seems to be going through the scenario of change. In such situations, it is essential that workers remain motivated and accepting to introduction of new technology or new procedures brought about by the change(Al-Nahyan, M. et al , 2017).

Thus in case of changes, an effective change management is crucial for the success of the organisation. It helps the organisation to evolve and grow as per the changing needs of the business, and align the business resources in the support to the process of change. A successfully managed change management also manages the cost of the overall change implemented; ensuring that even during in the process of adaptation of change, the viability and profitability of the organisation is maintained. Change is permanent, and for surviving in the long run, adapting t the change is essential. The process of change management ensures the same in the success of organisation(Evans, 2020). Get to know more about process of change management from ArabEssay assignment help Dubai experts.

Conclusion

The study has aimed at understanding the extent of impact the process of change management lays on the overall success of an organisation.

It has been discovered that change management tends to refer to the methodology and mannerisms in which an organisation describes as well as implements the changes in both the internal and external processes under its purview. The study has established that it is needed to ensure that changes in organisation, whether adaptive or transformational, are smoothly implemented. It has also been discovered that effective change management becomes essential for the success of the organisation, at it ensures the survival and profitability of the business in the long run. A successfully managed change management process helps the organisation to evolve and grow as per the changing needs of the business, and align the business resources in the support to the process of change.

References

Ahmad, M. et al . (2017). Trust in management, communication and organisational commitment: Factors influencing readiness for change management in organisation. AIP Conference Proceedings . [Retrieved on: 6th March 2020]

Ahmed, A. (2020). Employee Reactions to Organizational Change. Retrieved from https://smallbusiness.chron.com/employee-reactions-organizational-change-17732.html [Retrieved on: 6th March 2020]

Aitken, K., & Treuer, K. (2020). Leadership behaviours that foster organisational identification during change. Journal of Organizational Change Management . [Retrieved on: 6th March 2020]

Al-Nahyan, M. et al . (2017). Change management through leadership: the mediating role of organizational culture. International Journal of Organizational Analysis . [Retrieved on: 6th March 2020]

Anyieni, A., & Gidion, O. (2016). Organisational Change: A Critical Review of the Literature. Research Gate . [Retrieved on: 6th March 2020]

Cherwell. (2021). The Essential Guide to ITIL Change Management. Retrieved from https://www.cherwell.com/it-service-management/library/essential-guides/essential-guide-to-itil-change-management/ [Retrieved on: 6th March 2020]

Domingues, A. et al . (2017). Sustainability reporting in public sector organisations: Exploring the relation between the reporting process and organisational change management for sustainability. pp. 292-301. [Retrieved on: 6th March 2020]

Evans, T. (2020). Improving evidence quality for organisational change management through open science. Journal of Organizational Change Management . [Retrieved on: 6th March 2020]

Heathfield, S. (2021). Communication in Change Management. Retrieved from https://www.thebalancecareers.com/communication-in-change-management-1917805 [Retrieved on: 6th March 2020]

Lozano, R., Ceulemans, K., & Seatter, C. (2015). Teaching organisational change management for sustainability: designing and delivering a course at the University of Leeds to better prepare future sustainability change agents. Journal of Cleaner Production , pp. 205-215. [Retrieved on: 6th March 2020]

Millar, C., Hind, P., & Magala, S. (2012). Sustainability and the need for change: organisational change and transformational vision. Journal of Organizational Change Management . [Retrieved on: 6th March 2020]

Rosenbaum, D., More, E., & Steane, P. (2018). Planned organisational change management: Forward to the past? An exploratory literature review. Journal of Organizational Change Management . [Retrieved on: 6th March 2020]

Sang, J. et al. (2019). Success factors influencing requirements change management process in global software development. Journal of Computer Languages , pp. 112-130. [Retrieved on: 6th March 2020]

Stobierski, T. (2020). ORGANIZATIONAL CHANGE MANAGEMENT: WHAT IT IS & WHY IT’S IMPORTANT. Retrieved from Harvard Business School : https://online.hbs.edu/blog/post/organizational-change-management [Retrieved on: 6th March 2020]

Stouten, J., Rousseau, D., & DeCremer, D. (2018). Successful Organizational Change: Integrating the Management Practice and Scholarly Literatures. Academy of Management Annals . [Retrieved on: 6th March 2020]

Effect Of Reward System On Employee Performance

Employee Performance
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Introduction

The following essay will provide the information related to the effect which the performance of the employees have due to the reward system and how this reduces the productivity of the organization will also be enumerated in the below-discussed essay. It will also provide the information regarding how the organization supports the employees to improve their skills and knowledge to achieve objectives will also be provided in the below-discussed essay. The below-discussed essay will also provide knowledge regarding the reward program which reduces the performance of the organization and reduces the profit margin of the organization. The reward program is the only way to develop the motivation of the employees and encourage them to provide their best to the organization while performing the assigned tasks in the workplace. The reward program also improves the abilities of the employees and due to that, the company gets the benefits of achieving the focused objectives effectively. The motivation of the employees is the most effective way to expand the business. It will also portray the information regarding the theory which develops the performance of the employees and encourage them to perform the tasks appropriately within the workplace. The reward program also needs to be maintained effectively by the management of the organization to fulfill the needs of the employees. The essay will also provide information regarding the types of reward programs and the types of motivation of the employees. It will also provide the calculation of the number of employees who desire to have a reward in the workplace. The following information will also provide information regarding the types of reward function which mitigates the problems within the workplace.

Effect Of Reward Systems On Employee Performance

A Reward system is the most effective way to improve the performance of the employees and to increase the productivity of the organization. An effective reward system also supports the organization to expand its business. The reward system provides appreciation to the high performers and provides incentives to the low performers so that they can provide their best to the organization while performing the assigned tasks effectively. This system also increases the job satisfaction of the employees and increases their motivational power so that they can perform the assigned tasks effectively within the workplace to support the organization to achieve the focused objectives (Darma, & Supriyanto, 2017). The reward system is provided to the employees who fulfill the needs of the management. This system also develops the behavior of the employees. The reward system is also derived as the technical tool of motivation, retention, and attraction. The reward system derives as the incentives which are provided to the employees according to their performance in the organization. This also develops the motivational power of the employees and encourages them to provide their best to the organization while performing the assigned tasks. Performance is the fundamental aspect of every company’s success and productivity. The reward system also monitors the performance of the employees and this support in identifying the strength and weakness of the employees and provides the proper knowledge to improve mitigate their weakness. The retaining qualified workforce and attract new talents within the workplace so that it could support the organization to improve its productivity. Different reward systems are demanded by the employees (Martono, Khoiruddin, & Wulansari, 2018). Many employees demand cash as a reward and many are there who demand house, car, and paid holidays as a reward. Plagiarism Free Assignment Help experts also derived that an efficient reward system combines both monetary and non monetary rewards and incentives to satisfy the demands of the employees. It is also identified that the reward system is of two types intrinsic reward and extrinsic reward system. This system increases the commitment and motivation of the employees and due to that the productivity of the organization also increases and this also supports the organization to expand its business and to maximize the rate of profit. Similarly, the reward system also affects the performance of the employees as the employees only perform their work effectively for the reward and this affects the organizational structure. This also reduces the profit of the organization as the functioning of the organization gets affected. It is also derived that the reward system also affects the skills of the employees as they focus on achieving the reward without performing the tasks full of dedication (Beltrán-Martín, & Bou-Llusar, 2018). The reward system only improves the performance of the low performers as it also increases the motivational power of the low performer. The reward system affects the high performers as it does not focus on the high performers. The areas of operation of the organization need to be maintained efficiently and effectively so that the organization can achieve the focused organizational objectives. The strategies are the most essential element which the organization needs to implement to improve performance.

The reward system is of two types intrinsic reward system and an extrinsic reward system. The career and the professional development of the employees are the most important element which the organization needs to maintain while assigning the task to the employees. Many employees demand an extrinsic reward system and many demand for an intrinsic reward system. The reward system also creates valuable thinking upon the employees as they feel comfortable because they thought that they are appreciated by the organization (PAAIS, & PATTIRUHU, 2020). The maximization of the performance is the main issue of the organization. The machines and the equipment which the organization utilizes provide the fixed output. The expansion of the business fully depends upon the performance of the employees in the workplace. The performance of the employees can be improved by providing an effective reward function to the employees who increases the motivational power of the employees. The output from the employees supports the organization to expand their business and to maximize the rate of profit. The organization mainly focuses on the demand of the employees as they know that they will provide their hard work if they perform the best to the organization. The commitment of the employees regarding the goals and objectives of the organization is the main element that the organization needed to develop the performance and to earn a huge rate of profit (Eliyana, & Ma’arif, 2019). According to Essay Writing Help professional experts the success of the organization is not only dependent upon the quality of the hum resource it also depends upon the reward function of the organization. The employees of the organization are mainly focused due to reward as the reward system encourages them to provide their best to the organization. It is also derived that the organization needs to fulfill the requirement of the employees effectively to achieve the organizational objectives and to maximize the rate of profit. It is also derived that the employees mainly perform their tasks effectively only if the reward is provided to the employees properly. Many employees work after observing the opportunities of the reward system. This affects the performance of the organization and also reduces the productivity of the organization. Many employees are there who do not put their additional effect to achieve the organizational objectives. A Reward system is the most effective way to improve the performance of the employees and to increase the productivity of the organization. An effective reward system also supports the organization to expand its business. The reward system provides appreciation to the high performers and provides incentives to the low performers so that they can provide their best to the organization while performing the assigned tasks effectively (Jaworski, Ravichandran, Karpinski, & Singh, 2018). This system also increases the job satisfaction of the employees and increases their motivational power so that they can perform the assigned tasks effectively within the workplace to support the organization to achieve the focused objectives. So, it affects the performance of the organization and this also reduces the effectiveness of the organization. The competitive advantage of the organization also reduces if the employees fail to provide additional effort to the organization. In many cases, the employees leave the organization after identifying the reward program of other companies and this also affects the productivity of that particular organization as they fail to execute the tasks effectively and fail to achieve the focused objectives of the organization (Sanyal, & Hisam, 2018). The employee connects the work behavior with the reward system as they think that they achieve reward when they perform their best to the organization and provide a better result to the organization. So Online Assignment Help derived the following relationship  defined as-

Figure1: Expectancy Theory (Lloyd, & Mertens, 2018)

The above diagram derives from the expectancy theory which supports the employees to improve their motivation and provide the best to the organization while performing their assigned tasks within the workplace. It discusses that expectancy, instrumentality, and valence increase the motivation of the employees and encourages them to provide their best while performing the tasks. The reward function makes the employees attracted towards the organization and supports the organization to achieve the focused organizational goals.

It is also derived by Assignment Maker, reward function in many cases affects the organizational structure as the relationship among the members of the organization also gets affected as the competition reach higher and due to that the working procedure of the organization gets deteriorated. It is also identified that a poor reward program also leads to high labor turnover and reduces the productivity of the organization. It also fails to increase the motivational power of the employees and due to that the employees of the company and join other company and due to this, the competition in the market reaches higher (Demircioglu, 2018). The lack of improved motivational power also reduces the performance of the organization as the employees fail to provide their best while performing the tasks. The reward system mainly encourages the employees to provide their best to the organization while performing the assigned tasks within the workplace. According to Assignment Writer a poor reward system also implements a laissez-faire attitude among the employees and this results in a reduction of profit of the organization. Performance is the main element that the organization needs to maintain so that they can expand their business and can maximize the rate of profit. The reward system gains both the interest of the employer and the employee as it provides opportunities to both the employees and the employers. It also helps to maintain a better relationship among them so that they can perform the assigned tasks effectively and can expand the business of the organization (Martini, Rahyuda, Sintaasih, & Piartrini, 2018). A poor reward system also increases the production costs and reduces the performance of the organization and due to that the rate of profit of the organization also gets affected. It is also derived that the performance of the organization mainly depends upon how much opportunity the organization provides to the employees. The opportunities fulfill the demand of the employees and encourage them to provide their best to the organization and achieve the focused objectives of the organization. The reward system parallel increased the attention of the employees and the employee and this improved the productivity of the organization and supported the organization to expand its business and to compete with the other companies (Apalia, 2017). The companies also focus to implement the collective bragging reward system upon the cohesiveness of the employees so that they feel comfortable in performing their tasks effectively. It is also derived that the employee’s perform the work only if there is a reward to achieve. This also reduces the productivity of the organization.

Figure 2: Reward on employee performance (Nnaji-Ihedinmah, & Egbunike, 2021)

The reward system of the organization must be maintained by observing the ways the jobs are designed, the leadership style, and the types of tracks related to careers available in the organization. The employees also achieve the opportunity of performance-related pay (PRP) which improves the motivational power of the employees and encourages them to perform the tasks effectively which has good incentives. This affects the other parts of the job and as a result, the productivity of the organization gets affected. The system of PRP also affects the creativity of the employees as they fail to provide their best in the parts which do not have any reward system. The theory of expectancy is the one that explains that the expectation and perception of the employees encourage the employee to perform the assigned tasks effectively and support the organization to achieve the focused objectives. Expectancy, valence, and instrumentality increase the motivation of the employees. Case Study Assignment professional said,The intrinsic motivation of the employees is to achieve the reward system by appreciation or by gaining promotion within the workplace. This develops the recognition of the individual and this increases the motivational power of that particular individual. An effective reward system is mostly needed by the organization to increase the rate of production through which the company can earn a huge rate of profit. The reward must be implemented within the workplace by observing the condition of the work as it may cause implications upon the performance of the organization and stop the organization from earning a huge rate of profit. The overall strategic plan must be observed while making the reward function as it also improves the behavior of the employees and improves their skills and knowledge so that they can perform their tasks effectively within the workplace (Luu, 2018). The reward within the workplace also needs to be related to the performance as this encourages the employees to perform the tasks efficiently and supports the organization to achieve the focused objectives. The reward system needs to be implemented within the workplace and make it work in the workplace to know the variable and deviations of the reward system and identify what problems are arising due to that reward system and what steps can be applied to mitigate the problems. It is also derived that the organization mainly provides a reward to improve the motivation of the employees as they will feel comfortable in performing the tasks. It is derived from the information that reward is the most effective element to achieve the organizational objectives and to earn huge profits. It also improves the productivity of the organization. The motivation of the employees is the most important element which the management of the organization needs to maintain to attain the organizational objectives. The reward system also maintains teamwork within the workplace as it supports the employer and the employee to maintain a better communication system within the workplace to improve the performance of the organization (Minasyan, Midova, Danko, & Balakhanova, 2017). According to the calculation, it has been derived that 90% of employees in the workplace perform their tasks effectively for the reward so a proper valuation of the reward can encourage the employees to perform the tasks effectively and support the organization to attain the organizational goals. The win-win position also needs to be implemented within the workplace to maintain the workforce cooperatively. The employer and the employee need to maintain collaboration to attain the goals effectively. The strategic ideas need to be specific so that the employees can perform their tasks according to the objective. Job satisfaction is the main element that the organization needs to focus on so that the productivity of the organization can be improved (Ashton, Ridley, Edwards, & Thornton, 2018). In many cases, the reward function demotivates the employees as they fail to provide their best to the organization. It is also identified that the expectancy theory needs to be maintained effectively within the workplace to fulfill the demand of the employees appropriately. To know more, you can also contact to ArabEssay MBA assignment help experts anytime.

Conclusion

It is concluded that the above essay provided the information related to the effect of the reward system on the performance of the employees. It is derived that the reward system in many cases causes implications within the workplace. The working culture of the organization gets affected due to the reward system. The employees fail to provide their best in every corner. They only perform the tasks effectively which provides them a reward. In many cases, the relationship among the employees of the organization also gets affected due to the reward system in the workplace. Many employees are there who desire to have rewards in the sense of cash, incentives. Similarly, many employees desire to have the reward in the sense of recognition and appreciation. The above-discussed essay will also provide information regarding how the performance of the employees improves with the support of a reward system. The employees mainly focus on achieving the best objectives which will improve their future. So, the management of the organization needs to maintain the reward system effectively to achieve the attention of the employees and improve their motivational power so that they feel comfortable in performing their tasks effectively within the workplace. It is also discussed in the above essay that the expectancy theory is the best way to fulfill the requirements of the employees and encourage them to provide their best to the organization while performing the assigned tasks. It also discussed that the management of the organization needs to maintain the reward system within the workplace according to the objective of the organization. So, it will make the employees feel comfortable while performing the assigned tasks. It also provided information regarding how the employees and the employers are maintained in the workplace to achieve the organizational objectives and to expand the business. 

References

Apalia, E. A. (2017). Effects of discipline management on employee performance in an organization: The case of county education office human resource department, Turkana County. International Academic Journal of Human Resource and Business Administration, 2(3), 1-18.

Ashton, B. J., Ridley, A. R., Edwards, E. K., & Thornton, A. (2018). Cognitive performance is linked to group size and affects fitness in Australian magpies. Nature, 554(7692), 364-367.

Beltrán-Martín, I., & Bou-Llusar, J. C. (2018). Examining the intermediate role of employee abilities, motivation, and opportunities to participate in the relationship between HR bundles and employee performance. BRQ Business Research Quarterly, 21(2), 99-110.

Darma, P. S., & Supriyanto, A. S. (2017). The effect of compensation on satisfaction and employee performance. Management and Economics Journal (MEC-J), 1(1).

Demircioglu, M. A. (2018). Examining the effects of social media use on job satisfaction in the Australian public service: Testing self-determination theory. Public Performance & Management Review, 41(2), 300-327.

Eliyana, A., & Ma’arif, S. (2019). Job satisfaction and organizational commitment affect in the transformational leadership towards employee performance. European Research on Management and Business Economics, 25(3), 144-150.

Jaworski, C., Ravichandran, S., Karpinski, A. C., & Singh, S. (2018). The effects of training satisfaction, employee benefits, and incentives on part-time employees’ commitment. International Journal of Hospitality Management, 74, 1-12.

Lloyd, R., & Mertens, D. (2018). Expecting more out of expectancy theory: History urges inclusion of the social context. International Management Review, 14(1), 28-43.)

Luu, T. T. (2018). Employees’ green recovery performance: the roles of green HR practices and serving culture. Journal of Sustainable Tourism, 26(8), 1308-1324.

Martini, I. A. O., Rahyuda, I. K., Sintaasih, D. K., & Piartrini, P. S. (2018). The influence of competency on employee performance through organizational commitment dimension. IOSR Journal of Business and Management (IOSR-JBM), 20(2), 29-37.

Martono, S., Khoiruddin, M., & Wulansari, N. A. (2018). Remuneration reward management system as a driven factor of employee performance. International Journal of Business & Society, 19.

Minasyan, E. T., Midova, V. O., Danko, O. A., & Balakhanova, D. K. (2017). Implementing New Performance Pay-Based Schemes in Higher Educational Institutions. European Journal of Contemporary Education, 6(4), 748-756.

Nnaji-Ihedinmah, N., & Egbunike, F. (2021). Effect of Rewards on Employee Performance in Organizations: A Study of Selected Commercial Banks in Awka Metropolis. Semanticscholar.org. Retrieved 2 March 2021, from https://www.semanticscholar.org/paper/Effect-of-Rewards-on-Employee-Performance-in-A-of-Nnaji-Ihedinmah-Egbunike/7a1892bc6273426dad29bdce9e47d1276a6adc6b.

PAAIS, M., & PATTIRUHU, J. R. (2020). Effect of motivation, leadership, and organizational culture on satisfaction and employee performance. The Journal of Asian Finance, Economics, and Business, 7(8), 577-588.

Sanyal, S., & Hisam, M. W. (2018). The impact of teamwork on work performance of employees: A study of faculty members in Dhofar University. IOSR Journal of Business and Management, 20(3), 15-22.

Effective Online Marketing Strategies

Marketing Strategies
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Introduction

Online marketing refers to the marketing principles as well as techniques by means of electronic media as well as other sources some more specifically to be associated only with the internet. The terminology like a marketing or internet marketing or digital marketing or online marketing can be frequently interchanged and mean the same. Online marketing is a generic process associated with the advertisement of brands or any product by means of using internet facilities first of its associated with the direct response of marketing as well as indirect marketing elements and makes utilisation of a great range of various modern technologies for helping in connection of business with the potential customers (Chaffey and Smith, 2017). In conclusion it can be highlighted that online marketing includes all necessary activities of organisation reaches the company conducts by means of world wide web with the absolute objective of extracting the new businesses along with new marketing alongside identification and development of customer relationship and maintenance of the current business. It is also operated with the objective of development of the popularity of the brand. The way in which online marketing helps in achievement of these objective this will be discussed in detail in context of this research-based essay.

Comparison Of Online And Traditional Marketing

When marketing strategies are implemented appropriately the expected return on investment from the online marketing can exceed that of the traditional marketing outcome by a great difference. Whether it is a brick-and-mortar organisation which is called a developed business or a completely concerned online operation internet or online marketing is the only opportunity that can help the organisation to access the domain of digital business world. It can be used as an option for reaching literally to millions of people every year (Kingsnorth, 2019). Currently online marketing is at the front line of redefining the way in which the organisations interact with customers on a regular level.

Analyzing Changes Brought About By Online Marketing

Segmentation Or Targeting

The online customers of a company have various and variable demographic characteristics as well as requirement and acidic behaviour in comparison to the offline customers. These offline customers are also referred to as the traditional customers of traditional marketing. In this regard it can be followed up that variable approaches to segmentation might be needed along with specific segmentation strategy to be selectively targeting the audience. Online marketing currently follows 6 common segmentation options (Micu et al., 2017).

Customer Profile Characteristics

It is also referred to as demographics and it is a crucial standpoint where most business start going online on the basis of the traditional segmentation depending on the nature of the customer which has been recorded in context switch determination of the customer profile. In case of business to customer internet-based retailers it will be incorporated in the elements like age 48 by gender as well as geography. However Dissertation writing help Ajman professional predicted in connection with the business-to-business organisations it will incorporate the present its size of the organisation as well as the industrial sector or the product where the organisation is operating (Roy, Datta and Basu, 2017).

Customer Value

Customer values can be current as well as future. Operators try understanding customers such that they might focus as well as developer loyalty group. On unusual basis it will be divided ad on the basis of customer types into specific and unique groups. These are the most valuable customers who make frequent online purchase followed by the most growth projected customers who are potential customers and have the capability of becoming loyalty customers over the internet forum and in the end there is the below zero customers who are the customers who will not at all be purchasing online. While considering the loyalty-based segmentation it is important to compare current value against the future value (Ducange, Pecori and Mezzina, 2018). For evidence the customer behaviour towards electronic marketing survey made by the various retailer groups can be consulted to understand how the perceptions differ  actually.

Customer Life Cycle Groups

Since the visitors use the various online services they usually do pass through some stages before purchase of products which are also called online loyalty letter. They might feel some of the forms which ask for some specific information like their region or gender or age group and so on. In connection to the retailers encouraging customers to move from the initial purchase to second purchase is a great challenge and then on moving to the third purchase can be a super challenging affair. Sometimes in Proposal writing help promotions as well as discounts are needed for encouraging further purchase.

Customer Behaviour

Customer behaviour in response as well as purchase is critical (Saleh, 2019). Customers interact with online purchase by using advertising email or the pages visited on site and captured and based on that the online marketing agents are able to develop a detailed response as well as purchase history of the customers. From their own they are able to easily track frequency followed by the recently bonnet is d value and category of the products which has been purchased from the customers frequently visiting the website using the calculation of rim analysis.

Multichannel Behaviour Of Customers

No matter however customers have been offered with online channels, some of the customers have to be offered with only the online portal of communications and however some will only pay for traditional channels. Nevertheless this is a very potential statement followed by digital marketing agents. On the basis of these retailers might be able to determine which specific customers will prefer all activities more and therefore reduced frequency of using the traditional communication channel for those preferred customers (Bleier, Harmeling and Palmatier, 2019). Living cost and create a more project and targeted channel of communication which can also increase the ratio of conversion to final sale.

Customer Persona Incorporating Psychographics

On the basis of the 5 parameters demonstrated above retailers can be easily separating customers into the target groups which will be appropriate and help them in saving lot of money as well as cost from conducting a survey as well as advertisement and still understand exactly what the customers might be demanding. Hence they might offer the appropriate product the appropriate customer.

Differentiation Or Positioning

It is highly variable that the online product of competitors and their service offering can differ in the entire cyberspace. There for development of the appropriate online value propositions is a critical affair to properly formulate strategy of online marketing. Differentiated online offering are critically based on low cost in acquisition as well as retention of online customers which is a strategic position gradually passed on to the customers. The retailers offer reduced price online like tesco.com or comet get the maximum benefit of this strategic aspect in this regard. The airlines which offer low-cost flight can also be used for example like that of easyJet or Ryanair airlines. The financial services companies which offer highest rate of interest on the savings product as well as lower rate of interest on the credit products such as credit card as well as loans like nationwide or reliance or Leicester can also be used in this regard. at Marking assignment help data have been collected and concluded, the mobile phone network providers or mobile phone network utilities offers low cost sharif as well as discount for the customer account who are managed online avoiding paper building (Steinhoff et al., 2017). For evidence companies like British gas or o2 can be highlighted in this regard. Other options like that of differentiation are also available online for the organisations where the products this sale might be appropriate for online sales like that of high value or complex products. For evidence the fast-moving consumer goods brands sales through online retailers. These organisations might use the online strategy for adding value to brands of products by means of providing added value-based services or various types of experience marketing.

Products Or Distribution

Product based absolutely online will undergo a proper life cycle in the similar and predictable pattern as the products which are marketed through any of the traditional channels. The products which are marketed using online mode will have a primary benefit over the customers which might be actual tangible product having augmentation adding value like insurance or warranty and so on. All the tools can actually specify that product they might be easily adapted for incorporating other aspects like a brand or service of the solutions (Bala and Verma, 2018). For evidence ebay.com is a popular website where whatever we want to buy will be appearing with the mouse click. We might choose what product will like from where ever in the world as well as wide range of cost for the same product we can get the latest version of the technology as well.

We can get latest version of the technology. We might also get our desire to protect and if we decide on purchasing anything over the website we will have all details and distributions which has been provided by the concerned the seller and not the website which is selling the product. It refers to restrictions like that a brand or insurance or shipping cost included within the charges and so on. In order to illustrate it can be highlighted that iPhone 5c is the newest product of apple incorporation where to buy just technique we can get wide range of data found from china as well as us as well as you can and India and we might be pleased by the quality however tight contact in protecting our rights is a specific information which is also expected to be shared by the organisation on product packaging. This kind of documentations are easily checked over online mode (Müller, 2018). In this case we have better security in terms of getting assurance over the online selling brands.

Price

Price in online marketing is significantly competitive factor. All individual organisations are attempting to reduce their price for attracting the attention of customers to their product range. Price is generally exhibited and listed in the ascending order from various organisations on websites selling online products. Assignment writer said, with better access to the pricing data in a quick as well as well formatted manner it becomes possible to compare prices with absolute transparency. There are significant number of websites that makes comparison as well as contrast of the prices for same as well as similar kind of goods and services offered.

For evidence the Thegioiddong.com is considered to be one of the most popular websites for sales of high quality of smartphones in the country of Vietnam. As well as our clients to shop their products online by reducing prices of the smartphones in comparison to buying the products from their respective store outlet. For evidence, Nokia N8 is listed at 11000 in their stores however on their website and the same price listing on the stores is 11500. Therefore on purchasing the product online it is possible to save about 500 with same product features and warranty and benefits with which the product comes in the 2 formats of sales (Chenet al., 2020). Another very trusted and popular website is amazon.com which sales and also offers option to buy online after ebay.com. The organisation has distinguished products into specific sections like clothing or electronics or toys or jewellery or books. Simply by click we might find all staff that we need at suitable prices from online retailers.

Usually we get the products at discount of about 20% after 40% while purchasing them from amazon.com. The prize is usually offered at discounted range because of the significant competition in the online marketing format. Purchasing some latest product without going out and exploring the market is the offering of online marketing strategies which is called in business as online shopping and the retailer calls it as electronic marketing. Customer relationship management over the electronic media creates a option for feedback sharing and it is one of the critical process to be accomplished before customers are finished with purchasing online. In terms of online marketing this form of advertising is called email marketing where a simple online purchase is initiated on the basis of advertisement of the new products through email (Sofronov, 2019). Retailers develop customer email with the product features and token appreciation of the customer is documented which helps customers feel that they are specially forward with the offer of dragging the latest product at and interesting price and the retailers send about hundreds or even thousands of similar emails to the customers with one click of a button. In just a few minutes it is impossible to encompass large volume of audience to be attracted towards a latest product at minimal cost and in a minimal time. For evidence, in order to purchase an iPad from ebay.com we have to fill a form which includes our name, address, country, email address, postal code as well as gender and so on. However these diseases are actually not all the necessary for sales of the specific product never the less the brand tries to establish a confirmation link over the purchase so that in future they can keep in touch with us and keeps prompting us to purchase other products on the basis of the difference of our shopping preferences (Berman and Thelen, 2018). When we want to predict in marketing assignment in Sohar, purchase any product in case of online marketing the sending and grabbing of references are considered to be the initial step in terms of online marketing where if not forced customers are heavily influenced to stay communicated with retailers to get the best buying options. Whenever there is a new advertisement in the market the retailers who already has a record of the digital footprint of customers regarding the previous purchase might send email regarding the same. However by means of website the brands might track frequently how customers are going to the website for searching product and purchasing products so that they can develop the kind of suggestions and recommendations they send to customers.

Online Marketing Communication Strategies

in this regard the social media has a very crucial role to play. Social media is accomplishment of some internet-based applications for sharing and accomplishing blogs or networking or content community development or undertake project on collaboration or help in playing virtual game and therefore communicate and connect with the audience on any scale using any variable means possible. It is important to use these parameters to develop the ideology as well as the technological foundation using web 2.0 enabling creation as well as exchange of a specific user generated content. increase in use of this form of media and network has created scope for development of new opportunities for marketing of products. Researchers highlight that The uptake of social media usage as a tool for marketing is extremely high on the rise (Kozlenkovaet al., 2017). Essay writing help service got it from rigorous research, Currently Facebook having over 400 million active users and Twitter over 50 million active users prove to be very potential source of marketing communication. high potential of the social networking websites has enabled organisations to realize their importance and enable new and innovative opportunities of reaching the potential customer base. Researchers also highlight that social media applications are able to attract specific people and groups as well as organisations. This is a reason why the brands marketing their product over social media should always be cautious and active over the internet forum. current research reviews that about 78% of client organisations are making heavy use of social media and only about 41% of they are having strategic social media communication strategy. in this regard it can be analysed that it is definitely beneficial to use social media however to gain the maximum benefit and make the content reach out to the maximum possible ways of audience it is important to have a robust strategy of communications incorporating elements like active presence or quick reply for establishment of communication with quick offers and discounts in a limited time proposition and so on.

Search Engine Optimization

Search engine optimization is the process related to identification as well as fine tuning of elements and keywords over websites for improvement of traffic so that it is possible to reach the maximum possible visibility from the search engine. Assimakopouloset al., (2017), highlights the fact that SEO tools try capturing users who looked out actively for data regarding products associated with a specific organisation which substantially convert them into group of potential clients who express their requirements openly. Therefore for the modern organisations, SEO based marketing is the first option to take out and it is worth remembering that half of the online purchase initiates with a Google or other search engine search. There for search engine optimisation is to be considered as a potential equipment for creation of brand awareness and increase unit visit to the website. These are very crucial accomplishments of online marketing activities. Highest-ranking over search engine might enable organisations to attract more visitors to their website. Researchers are so articulate that about 50% of visitors come from search engines rather than direct links over other websites. In case you are facing difficulty in understanding SEO technicalities, you can ask for plagiarism free university assignment help at ArabEssay anytime.

Conclusion

In conclusion it can be articulated on the basis of the above finding that turn online marketing is now playing the role with an upper hand in general marketing context. On one hand it is creating even better scope for traditional marketing activities in terms of segmentation targeting as well as differentiation or positioning in addition to product and price and also in terms of managing customer relationships. So far as the convenience as well as style selling proposition of online marketing is concerned it is far better and profitable in comparison to going around and looking for the products by customers. Therefore it is worth mentioning that it not only saves time and money of the operators and the product selling brands but the customers as well. On the basis of the changes that has been brought about by the introduction of internet in marketing it is important to state that online marketing has to play non-exhaustive role in terms of developing innovative strategies to fulfil the demand of customers and therefore suggest or uphold better products before them which can be purchased. Till the date online marketing has always been successful and it is evidently proven by popularity of websites like amazon.com or google or ebay.com.

Reference List

Assimakopoulos, C., Antoniadis, I., Kayas, O.G. and Dvizac, D., 2017. Effective social media marketing strategy: Facebook as an opportunity for universities. International Journal of Retail & Distribution Management.

Bala, M. and Verma, D., 2018. A critical review of digital marketing. M. Bala, D. Verma (2018). A Critical Review of Digital Marketing. International Journal of Management, IT & Engineering8(10), pp.321-339.

Berman, B. and Thelen, S., 2018. Planning and implementing an effective omnichannel marketing program. International Journal of Retail & Distribution Management.

Bleier, A., Harmeling, C.M. and Palmatier, R.W., 2019. Creating effective online customer experiences. Journal of marketing83(2), pp.98-119.

Chaffey, D. and Smith, P.R., 2017. Digital marketing excellence: planning, optimizing and integrating online marketing. Taylor & Francis.

Chen, Y., Inthawadee, S., Lu, L., Tonvongval, S., Jordan, F. and Swanson, J., 2020. ONLINE MARKETING COMMUNICATION POTENTIAL PRIORITIES FOR CHINESE GEN X AND GEN Y PURCHASING THAILAND CONDOMINIUM. AU-GSB e-JOURNAL13(2), pp.72-93.

Ducange, P., Pecori, R. and Mezzina, P., 2018. A glimpse on big data analytics in the framework of marketing strategies. Soft Computing22(1), pp.325-342.

Kingsnorth, S., 2019. Digital marketing strategy: an integrated approach to online marketing. Kogan Page Publishers.

Kozlenkova, I.V., Palmatier, R.W., Fang, E., Xiao, B. and Huang, M., 2017. Online relationship formation. Journal of Marketing81(3), pp.21-40.

Micu, A., Micu, A.E., Geru, M. and Lixandroiu, R.C., 2017. Analyzing user sentiment in social media: Implications for online marketing strategy. Psychology & Marketing34(12), pp.1094-1100.

Müller, A., 2018. Referral marketing on social media platforms—guidelines on how businesses can identify and successfully integrate opinion leaders in their online marketing strategy. In Omnichannel Branding (pp. 131-171). Springer Gabler, Wiesbaden.

Roy, G., Datta, B. and Basu, R., 2017. Trends and future directions in online marketing research. Journal of Internet Commerce16(1), pp.1-31.

Saleh, H., 2019. Enhance Small Medium Enterprise (SMEs) Family Business in Malaysia Through E-Marketing Strategies. International Journal of Scientific & Technology Research9(2), pp.3374-3377.

Sofronov, B., 2019. The Development of Marketing in Tourism Industry. Annals of SpiruHaret University. Economic Series19(1), pp.117-127. Steinhoff, L., Arli, D., Weaven, S. and Kozlenkova, I.V., 2019. Online relationship marketing. Journal of the Academy of Marketing Science47

The Importance Of Corporate Governance

Corporate Governance
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During 1997, when the economic crisis of Asian Pacific continents was sabotaging trade, that was the first time when corporate governance came into the picture.

James D Wolfensohn, former president of World Bank asserted a statement for the first time and highlighted the significance of corporate governance in today’s era. According to his perspective- corporate governance is as much as important to the world economy as a government for any country.

At the same time, Simms and Gregory said, the prevailing interest of policymakers in corporate governance as well as people interest in reducing corruption primarily grounded a belief a locative efficiency in free markets (Mohammad, 2004).

By considering the above two statements, we can derive with globalization a removal of obstacles for a free flow of capital among markets is as much as significant as understanding corporate governance. Corporate governance will help in exposing financial disclosure and regulate the capital market. But before going deep to apprehend the importance of corporate governance, let’s dive deeper to explore the actual meaning of corporate governance.

What Is Corporate Governance?

Corporate governance is recognized as framework defines business relationship exists among stakeholders, a board of directors, management team and other key shareholders. It covers both institutional and social aspects of a business and influences how business objective should be achieved (Arche, 2020). This doesn’t stop here, it also assessed and monitored risks and define internal performance is optimized.

In an opinion of essay writer in Saham, corporate governance covers a combination of laws, listing rules, voluntary practices and regulations enables a corporation to attract social stability, generate profits to meet both obligations and expectation of society.

It can be also inferred no matter what is the definition of corporate governance holds it is aiming to assure investors that means corporate assets put inappropriate and profitable way.

In regards to business success, Millestin report has suggested maximizing long term shareholders encourages investment of capitals to be put in a most efficient way. In the report, it is also concluded corporation don’t always succeed by continually neglecting shareholders and stakeholders expectation. Henceforth as per most successful business giants, corporate governance perspective is critical to establish the right balance between shareholder expectation and appropriately investing capital.

Objectives Of Corporate Governance

As defined by assignment help Saiq experts, the foremost objective of corporate governance is to make an efficient management team and strengthening the trust and confidence of investors by ensuring business commitments to attain higher growth.

  • Developing a better and building most effective management teams
  • Developing applicable criteria for performing certain tasks
  • Creating a balance between economic and social goals
  • Ensuring perspective for workplace management
  • Developing a business perspective to maintain high values
  • Developing a healthy business environment via emphasizing on democratic values and reforming social values
  • It aims in determining composition and level of accountability
  • It aims to bring a high level of trust and satisfaction to customers
  • Adopting transparent procedure and practices within the business culture
  • Keep forward relevant disclosure stakeholders should aware of
  • Regular monitoring and controlling the affairs company is having

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Corporate Governance And Role Of Independent Directors

The significance of independent directors and corporate governance always been in the history of a family of businesses. At the Sixth Asian Invitational Conference on Family Business, Rajender Brewal managing director of Hybrid Seeds Company Private Limited said, growth aspiration containing a couple of challenges lead to the formation of the formal governance framework.  He underpins corporate governance cocoons practically should stay in every sphere of a company’s management to eliminate the effects of poor action follow-ups. 

In accordance with Gupta, 2017 corporate governance should defines the clear roles and responsibility between managers and business owners that will further release the ultimate responsibility of the board of directors to manage the company. 

Source- Travel Agent Survey Foundation, 2017

In a research survey conducted by Travel Agent Survey Foundation in 2017, more than 53% of travel professionals have said, their company used to conduct corporate governance social responsibility program when it comes to aware employee about their roles and corporate governance sustainability. They already take myriads of factors such as travel expenses preferences and convenience to reduce and control the harmful effects of travelling on the environment. They also said this helps the company to make operation transparent and correct distribution of job responsibility.

Importance Of Corporate Governance

In a market economy, government and private companies raise funds from the investors notably combining these firms to conduct business. As opined by essay helper , their core objective is the same as to seek maximum profits. 

But with good corporate governance, there could be difficult in pursing in profit-making strategies both in terms of private and social welfare. 

Many experts have accepted, corporate governance emerges automatically as transformation ownership takes place. The development of good corporate governance sometimes referred to as an ideal model of institution-building ingredients for accountable and transparent society. Lets’ move ahead to uncover some critical dimension of corporate governance critically affecting business growth-

  • Corporate governance ensures the efficiency of operation in which business operates and make sure optimal utilization of goods and services. With effective corporate governance equity and debt, capital will move to that corporation who is enough capable to utilize them. It is identified by Gregor and Simmons, this also helps to explore maturity or scare resources
  • Effective corporate governance enables the company to attract a low cost of capital via improving foreign investment. Mohammad, 2004 revealed when ownership separated from controls, managers own self-interest may lead to misusage of resources for instance pursuit of overarching risk projects
  • For any company success, it is essential to meet all the rules and regulation and expectation of societies during policymaking. 
  • If corporate governance is competent, it gives insights managers to hold reasonable roles and responsibilities, thus improves access to lower capital cost. It also helps in reducing corruption in business entities and making it difficult to root in the business sphere.

Corporate Governance Problems

Since corporation governance adoption by 29 OECD members countries in 1999, companies have been facing some of the key challenges due to Eurasia corporate governance(Nestor et.al, 2010). As such the most popular corporate governance problems follow as-

  • As corporate governance is based on complex concepts, it should be able to handle some dimensions such as risk management, finance, economic, ethics and law. But sometimes the lack of trust, disclosure and empowerment create a base of ultimate corruption in an organization (Muir, 2016). 
  • Sometimes differentiating roles create conflicts of interest when an officer tries to control over another employee. When conflicts of interest presents, it can deteriorate the trust level of shareholders
  • From top to bottom level, it would be difficult for an organization to look over each level of labor division 
  • Sometimes a lack of transparency exposes companies to other retailing industry. 
  • It would be certainly much more difficult to follow ethical rules when companies are aiming to attain maximum profits.

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Conclusion

In this blog, we have shared several definitions of corporate governance via considering journal and experts point of view. There we have analyzed and come up with the most effective corporate governance definition i.e. corporate governance is recognized as framework defines business relationship exists among stakeholders, a board of directors, management team and other key shareholders. We have further analyzed key concepts of corporate governance principle out of which the most prominent one is creating a balance between economic and social goals. Then after we have deduced some key importance of corporate governance such as Effective corporate governance Enables Company to attract a low cost of capital, At last, we addressed challenges company’s face during making high profits, for instance, accountable each business operation from top to bottom level.

References

Arche.P(2020).Corporate governance. Available at-https://www.businessmanagementideas.com/company-management/corporate-governance-company-management/corporate-governance/21145

Gupta.N(2017). Corporate Governance, Business Growth and the Role of Independent Directors. Available at-

https://scholar.google.com/scholar?hl=en&as_sdt=0%2C5&q=Corporate+Governance%2C+Business+Growth+and+the+Role+of+Independent+Directors&btnG=

Mohamad, S. (2004). The importance of effective corporate governance. Available at SSRN 617101.

Muir.J(2016). 5 COMMON ISSUES THAT ARISE IN CORPORATE GOVERNANCE. Available at-

Nestor, S., Yasui, T., & Guy, M. L. (2000). The Relevance of Corporate Governance to Eurasian Transition Economies. Proceedings of USAID/OECD Eurasian Roundtable on Corporate Governance, Kiev. October.

Newsdesk(2017). Stats: 16 Percent Of Companies Incentivize Business Travelers To Stay In Sustainable HotelsAvailable at-

https://www.travelagentcentral.com/running-your-business/stats-16-percent-companies-incentivize-business-travelers-to-stay-sustainable

Genuine Reasons To Study AutoCad

Autocad
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AutoCAD is the most widely drawing software used by business giants to provide user-friendly interfaces and powerful analytic capabilities. Nowadays we have witnessed advances practising of design work to expand and modifying secondary development  of Visual base Application(VBA) model. 

An AutoCAD is developed and marketed by AutoDesk Inc. which was initially derived from Interact. The first origination of this product composed of primitive entities such as circles, polygons, text to construct complex objects lines, and arcs (Telegin et.al, 2018). 

In today’s market, AutoCAD is ubiquitous, in fact the demand of this software increases two times noted in the past years. In accordance with Technavio, a UK based firm, it is expected the CAD market will be growing by 7% in the period of 2017 and 2021.  

AutoCAD gives prompt speed to all the virtual process. One can not only drawing lines even become able to adhere to multiple computing operations at the same time. The purpose of writing this blog is to share the genuine reason why a student should study AutoCAD and what will be its benefits impacts a student’s academic career.

Trends In Autocad Industry

As per RedVector report, 2017, the rise of virtual or augmented reality technology is transforming workflows in myriads of sectors that exert immense influence on AutoCAD Software.  Augmented reality facilitates the creation of scale and controllable designs.

Firms nowadays have installed and used to maintain on-premises CAD system as it is easier to access and secure. This is slowly and gradually changes the pathways such an organization used to support cloud services. In an outlook online essay help experts view, this also encourages the company to plunge an adopt CAD technology.

In a recent study, it has been accepted by the end of 2021, there will be selective growth will be seen in the growth of mobile-based CAD approaches. Currently, it is estimated that approximately 17% of the organization are using CAD system on mobiles (Celix et.al, 2018)

CAD solution helps the professional to maintain the product life cycle. As of the review PLM users, CAD software is very helpful when it comes to managing the internal and external process to manage resources. This will definitely be bolstering the CAD market to great extent.

CAD software further solidifies the architecture industries as it 3D view of the designs. If you want to know more about trends in the CAD market, you can ask for plagiarism free assignment help in Sur from ArabEssay.

Genuine Reason For Studying Autocad

Acquiring A Craft Habit

If you are using AutoCAD, then this will definitely seem to be fruitful in coming future. 3D designing, building a miniature, Furniture designing and many more will help you in creating blueprints of concepts have been taught. Many engineers use AutoCAD extensively to saturate mild designing and solving complex problems

Better Designing Tools

AutoCAD makes it less challenging for the freshers to survive in the corporate world. Many AutoCAD features are similar to other designing tools which mean anyone can support the lean curve in a shorter period. It has the same hardware requirements as any other designing tools that mean you need not to require adaptation in time.

3D Printing Trends

As the market share of CAD is growing exponentially, it can be easily said, prototypes can be easily formed with AutoCAD software. In that sense, learning AutoCAD will help you to get entre into the 3D printing industry. 

Informing industry designing, AutoCAD helps in reducing costs as it is a more efficient method than other tools, henceforth whole industry switching to AutoCAD.

Freelancing

AutoCAD masters get access to work remotely at huge pay scale. AutoCAD skills are often easy to monetize. When you build a strong and competitive portfolio around AutoCAD, this will somewhere increase the chances of your secure job even at freelancing platform. 

Availability

AutoCAD is available in different languages that provide a wide range of exploration for the users like German, English, French, Japanese etc. If you want to complete details on AutoCAD features for your assignment writing, ArabEssay based essay writer will provide you prompt assistance

Supporting Extension

AutoCAD supports APIs extensively such as ObjectARX, .NET, VBA, AutoLISP whose application can be found in automation and Modification(Sharma, 2018).

Object ARX is a well-known class library has a significant role in creating designs like AutoCAD civil 3D and Mechanical. There are several plugins that have been installed in AutoCAD software widely applicable for transferring and exporting files.

Conclusion

The growing popularity of AutoCAD is embarking remarkable growth nowadays. With this, we have identified trends and the reason why a student should learn AutoCAD skills. Trends which we have discovered are CAD solution helps the professional to maintain product life cycle and configure internal and external utilization of the resource. So what we have identified when we figured out reasons to study AutoCAD is when a person build a strong and competitive portfolio around AutoCAD, this will somewhere increases the chances of a secure job at a huge pay scale.

References

Çelik, H. C., Ertas, H., & İlhan, A. (2018). The Impact of Project-Based Learning on Achievement and Student Views: The Case of AutoCAD Programming Course. Journal of Education and Learning, 7(6), 67-80.

RedVector(2017). New Trends Encourage AutoCAD Adoption and Market Growth. Available at- https://www.redvector.com/articles/aec/new-trends-encourage-autocad-adoption-and-market-growth/#:~:text=Today%2C%20CAD%20solutions%20are%20ubiquitous.&text=The%20CAD%20market%20is%20expected,U.K.%2Dbased%20research%20firm%20Technavio. [Data Accessed on 22 January 2021] [Data Accessed on 22 January 2021]

Sharma.M(2018). Why You Should Join AutoCAD Courses from Our Training Institute? Top 5 Reasons! Available at-http://www.cadtraininginstitute.com/why-you-should-join-autocad-courses-from-our-training-institute-top-5-reasons/

Telegin, V.V. & Telegin, I.V. & Stepanov, A.S.. (2018). 3D-Forming and Autodesk Autocad at the Initial Stage of Engineering Training of Specialists in Technical Areas. International Journal of Engineering and Technology(UAE). 7. 1-3. 10.14419/ijet.v7i3.5.15187.

Technevio(2020). Computer-Aided Design Market by End-user and Geography – Forecast and Analysis 2020-2024. Available at- https://www.technavio.com/report/computer-aided-design-market-industry-analysis# [Data Accessed on 22 January 2021]

Cash Flow Statement And Its Nature

Cash Flow Statement
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Financial statements expose the ability of an organization to generate cash and its equivalents and certain timing and limits. Information on cash flows is useful in providing and assessing the capability of a company to utilize those cash reserve company posses.

In general term a cash flow statements used in conjunctions with financial statements for evaluating change in net financial assets, an entity is posing as well its ability to affect the timing of cash flow (Kousenidis, 2006).

The cash flow statements are known to enhance comparability of performances of a different organization. This happens because it eliminates different accounting policies for the same events and transactions. It also helps in examining the existing relationship between profitability and net cash flows impacting charging prices.

Cash And Cash Equivalents

Many Essay writer in Saham have said, a cash flow statements provides a brief analysis of cash changes and cash equivalents, there to understand about cash flow statement one should know actual meaning of cash and cash equivalents.

Cash 

Cash of a company comprises hand on hand deposits, liquid investments which can be a later deposit and withdraw on prior notice. For instance, a term deposit with a bank is known as a demand deposit. But if bank charges on premature withdraw of cash, then this term deposit is said to be demand deposit (Subramanyam, 2014).

Cash Equivalents

They are short term and highly liquid investment which are ready to be converted and subject to insignificant changes in risk values (Paolone, 2020).

Cash equivalents in a company held for the short term commitments rather investment purpose. A debt investment in securities also classified as cash equivalents when it is based on short term maturity.

Bank Overdrafts

Bank borrowings generally classified as financial activities. But bank overdrafts repayable on demand are included in cash flow management as it encompasses both components of cash and cash equivalents.

According to online assignment help experts, cash flow are categorized into three activities

Cash flow originDescription
Operating ActivitiesA principle revenue company generated including transaction of events determines net income
Investing activitiesThese activities are related to capital expenditure, intercorporate investments and acquisitions
Financial ActivitiesIt is related to transactions changing capital structure(Sayari & Mugan,2013

Nature Of Cash Flow From Investing Activities

Investing activities are referred to as long term assets and other investments but not cash equivalents.

Cash flow from investment represents the extent via expenditure have been made for the resources and used to generate future income and net profits.

As defined by accounting assignment helper, cash flow from investing activities are-

  • Cash payment to gain fixed assets
  • Cash receipt from fixed assets and sales a
  • Cash payment to get an equity
  • Cash receipts from future contracts and swap contracts except cash arises from the trading purpose

Nature Of Cash From Financial Activities

Financial activities are those activities that are resulted from a change in size and composition attributing borrowing and equity of the firm.

Its separation expansion helps the company in claiming future cash from the providers.

An example financial activities are-

  • Cash proceeding from shares issuing or other equity
  • Cash payment to the owners 
  • Cash proceeding to issues loans, notes, bonds and mortgages
  • Cash repayment of the amount borrowed
  • Cash payments by a lessee

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Conclusion

The article started with defining cash flow statement, cash and cash equivalents. On that note, it can be deduced a cash flow statements used in conjunctions with financial statements for evaluating change in net financial assets. On the other side, cash equivalents are short term and highly liquid investment which are ready to be converted into assets. In the next section, we have determined the cash flow nature of operating, financial and investing activities. Each one plays a distinct role and suggested information. For instance, Cash flow from investment activities represent the extent via expenditure has been made or cash flow from financial activities helps the company in claiming future cash from the providers.

References

Bradbury, M. (2011). Direct or indirect cash flow statements?. Australian Accounting Review, 21(2), 124-130.

Kousenidis, D. V. (2006). A free cash flow version of the cash flow statement: a note. Managerial finance, 32(8), 645-653.

Paolone, F. (2020). Concluding Remarks: The Importance of Cash Flow Statement. In Accounting, Cash Flow and Value Relevance (pp. 69-81). Springer, Cham.

Sayari, N., & Mugan, F. N. C. S. (2013). Cash flow statement as an evidence for financial distress. Universal Journal of Accounting and Finance, 1(3), 95-103.

Subramanyam, K. R. (2014). Financial statement analysis. McGraw Hill Education.

Conflict Management In An Organization

Conflict Management
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The essence of conflicts has been seen in every department of an organization. It defines the situation where preferred outcomes appear to be incompatible, cognition leads to antagonist situation. The definition of conflicts in an organization lies in three aspects

1-     A goal conflicts where end states outcomes come into sight is incompatible

2-     Cognitive situation in which goals are inconsistent

3-     Affective situation where emotions are feelings are incompatible

Conflicts are a very common feature of any organization that exists in many forms other than competition. A manager should analyze the conflicts from a different point of view, at first they should consider its positive aspects then move to its negative entitlement. Finally discuss the level of conflicts occur within an organization (Erdenk,& Altuntaş, 2017). Here in this blog, we are trying to provide levels of conflicts framework along with discussing how conflict management uses resolution techniques to get a better solution for the particular conflict.

Conflicts Level

The five levels of conflicts found in an organization are Intrapersonal, interpersonal, intra organizational, intergroup. As opined by essay writer and online assignment help experts, each conflict is relatable to leadership where two or might be three people experiencing discomforting differences. In the next section, we have tried to give a brief introduction on each level of conflicts resisting change-

Interpersonal-It involved within an individual visualized, even more, when their outcomes are mutually exclusive and have compatible elements

It may arise due to several reasons-

  • Due to approach conflicts where person develop conflicts because of similar opportunities
  • Some employee may find personality difference as the main cause of the growing problem
  • Varied background or experiences or difference in education lead conflict formulation based on various perception
  • When values and interest clashes at the same time
  • Abraham Zalenznik once said the organization is a political structure so that other coin side could be estimated if there is a political difference there would be higher chances of conflicts presence(Myatt, 2012)
  • It has been seen conflicts among employee due to scare resources often increases at a much faster rate

Intragroup Conflicts

A group facing conflicts often resolve their issues via research consensus or this can escort discussion end up on disagreements (Roche, & Teague, 2012). Following essay helper point of view, substantive conflicts surrounding particular issues crop up intellectual disagreements among group members. This can be also associated with emotional imbalances between interpersonal clashes,

Intergroup Conflicts

The success of any organization largely belongs to the relationship between interdependent groups. A manager study intergroup conflicts just to configure solution management used to deal with conflicts

Intra organizational Conflicts

A four type of intra organizational conflicts appeared in a successful company like vertical conflicts, horizontal, like staff conflicts, managing and role conflicts. There is a hierarchy of conflicts appears right from an individual to upper management level. The different characteristics of conflicts are frequently surfacing several conflicts oblique 

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Conflict Management- A ray for Unresolved conflicts

Developing an effective conflict resolution is same as developing a sustainable business model. If conflicts remain unresolved, it may result in decreasing the company’s productivity, creative stifling, and barrier formation among collaboration and development (McKibben, 2017).

Since conflicts are a normal part of an organizational setting, but the challenges lie in how you should choose a dealing procedure. Whether you avoid, conceal or ignore, conflicts fester to grow resentment

In an outlook of Schein, some of the effective issues helpful in disintegrating conflicts are-

  • Goal structure– all the units of individual should perceive a clear understanding of the goal or objective of the company. They must be aware of their responsibility and the importance of their role
  • Reward System- A reward or compensation should be given in such a way it doesn’t allow any conflicts among units. It should reflect the degree at which interdependence among groups(Health.net 2020)
  • Communication and Trust– Individual should be encouraged to participate in core activities so that they can understand each other’s problems and their importance within the group
  • Coordination– A manager should make sure entire activities should be well-coordinated

Other than that a manager can use resolving conflicts behavior techniques to attain maximum objectives through given below techniques suggested by Essay writer in Jalan Bani Bu Hassan

Various researchers have identified five major strategies companies are using taking into account to reduce the behavioral impact of conflicts-

  • Ignoring– In some situation, it has found the manager looks for a passive role and avoid conflicts. For a manager perspective, they should involve themselves only in those topics that can be extended or showing the way of controversy
  • Covering up– This simply refers to appealing individual needs rather highlight conflicts within a group. But since the emotions are not completely uncovered, it may again resurface it in the course of time
  • Compromising– It is useful techniques to balance the demand of both the parties through a process of bargaining and negotiation (Prause, & Mujtaba, 2015)
  • Forcing– When the dominator has the power to shuttle down conflicts, the situation posing trouble maker can be easily combated
  • Solving problem– Confront conflicts is the last option managers used to face the real consequences of conflicts and to gain the best solution

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Conclusion

In this blog, we have first defined the several meaning of conflicts as per organization perspective and there we came to know conflicts are a very common feature of any organization exists in many forms other than competition. Aftermath we have defined The five levels of conflicts found in an organization follows as Intrapersonal, interpersonal, intra organizational, or intergroup. Then we have shared some useful tips to control or solve conflicts by reviewing several journals. Out which the most prominent is compromising techniques usually used to balance the demand of both the parties through a process of bargaining and negotiation.

References

Erdenk, N., & Altuntaş, S. (2017). Do personality traits of nurses have an effect on conflict management strategies?. Journal of Nursing Management, 25(5), 366-374.

Health.net(2020). CONFLICT MANAGEMENT. Available at-

https://healthnet.org.np/downloads/manual/Conflict_management.pdf

McKibben, L. (2017). Conflict management: importance and implications. British Journal of Nursing, 26(2), 100-103.

Myatt.M(2012). 5 Keys of Dealing with Workplace Conflict. Available at-

https://www.forbes.com/sites/mikemyatt/2012/02/22/5-keys-to-dealing-with-workplace-conflict/?sh=4434bb561e95

Prause, D., & Mujtaba, B. G. (2015). Conflict management practices for diverse workplaces. Journal of Business Studies Quarterly, 6(3), 13.

Roche, W., & Teague, P. (2012). Do conflict management systems matter?. Human resource management, 51(2), 231-258.

Homeopathic Medicines – The Placebo Effect

Homeopathic Medicines
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There is commonly heard the belief that Homeopathy is similar to the placebo effect that has evolved over period. Placebo effects appear as a neurological phenomenon including genetic, behavior, learning and anxiety(Teixeira et.al, 2010). 

In the past few years, scientists have rejected or dismissed homeopathy appears to be sugar pills which are not more than empty calories. In a conventional medical trial, the lancet has published “the clinical effects of homeopathy are termed as placebo effects”. However, the role of both Homeopathy and Placebo is concerning healing(Sharma, 2016).

Given in the recent insights in the changes of placebo meaning considering the placebo effect is polymorphic and its mechanism and attacking within the body is quite different. 

This report is aiming to expand the relationship between the homoeopathy and placebo and explaining how placebo trait was first considered as a primary response during the evolutionary period.

Introduction

In a laymen term, the placebo effect is defined as positive changes patients incurred after successive medical treatments because of psychological responsible for being treated. In other we can say, improvement will be visualized because patient himself wants to get cured.

Through the years, researchers have assumed placebo effects are linked with medical interventions. It is directly compared with dummy treatments which mean a routine part of research treatments will be done to have clinical effects beyond placebo.

Results drawn from the standardized randomized controlled trials and systematic reviews have highlighted the connection between homeopathy medicine and placebo effects.

The concept of Homeopathy is built around vital force which is understood dynamics function control daily life movements. Hahnemann first introduced the term homeopathy and is based on the Vitalism. In an outlook of Herensape, 

The vital force tasks are to maintain harmony and order between an organism which means every part and component of an organism is guarded and influenced by vital forces. Only these vital forces protect us from getting ill

In accordance with Homeopathy definition, diseases are originated because of disturbance between the physical and internal energy matrix. In this direction goal of homeopathy is not associated with eliminating diseases conditions, despite harmonizing vital forces inside the body.

Therefore it can be deduced the capacity to self-healing can be strengthened with an application of homeopathy. Homeopathy pay attention to energy can be aided by administration supporting body functioning. The innate process encompasses change in mental, emotional, spiritual changes.

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Homeopathy Efficacy

Refusal behavior of patients may have embark on people disbelief system. In contrast to Sammeul who first aloud the name of Homeopathy spoke about vital force as a target for homeopathy medicine. Meanwhile, modern homeopathy argues on vital force concept and emphasis healing capacity of an organism(Zimmermann-Viehoff, & Meissner, 2007).

There is consensus is being drawn the placebo effects produces remarkable cure methodology, somehow its effect size is questionable. Across the many fields, placebo effects are widely applicable like in healing and reducing pain tolerance or mimic the central effects of drugs(Raza, 2020)

As complex interventions therapies of complementary and alternative medicines have proven the strong evidence of placebo effects. This stated underline fact, CAM therapies produced smooth and gentle actions. 

In homeopathy case, placebo effects are known for enhancing the degree of patient involvement during treatment. 

Recent literature of placebo entails illustration emphasized the relevance of threats factors like emotional, altruism, empathy and subjective for the treatment. Get to know more about homeopathy efficacy from Arabessay essay writers team. If you need urgent assistance in writing assignments? Students can now hire ArabEssay best university assignment help in Salalah experts online.

Clinical Studies Of Homoeopathic Remedies

With a sort of results and outcomes, one can’tdenies non-specific effects of homeopathy during experimental trials. About 200 clinical studies on homeopathic remedies have been carried out and available till date actually determining the link between homeopathic with the placebo effect. Many homeopathists have reluctantly accepted the placebo effect derive from positive experience in the self-healing process. There are still most difficult debates have reasonably produced good arguments highlighted given below-

  • A placebo effect is unreliable, that means patients who get benefitted from it today, might not get benefitted tomorrow. But in homoeopathy, whether it is a long run, patients will definitely either get benefited or not
  • In most of the unethical stance, placebo effects seem not to be appropriate. That implies clinical will tell the truth (Ernst, 2012)
  • Advising patients, a placebo in critical conditions threaten his/ her life even more
  • For generating a placebo, we don’t require to administer it. All the treatment has to come with clinical administration, but in case of a placebo, homoeopathy might get convoluted

Most of the observational studies have shown and came to the conclusion that homeopathic remedies are completely different from the placebo effect. It is also noticed many studies have shown ad nauseum, that means patients who assigned placebo to do better than other patients. But still, there is contraction and continuous debate will go on in terms of proving the relationship between placebo and homeopathy. To get database homeopathy and literature associated with placebo effects, get instant quality assignment help in UAE from ArabEssay today.

Conclusion

The specific effects of homeopathy are somewhat different from placebo effects. The work and clinical trials supported described and put forward several arguments when it comes to establishing a relationship between placebo and homeopathy. In this report we have drawn such arguments like the goal of homeopathy is not associated with eliminating diseases conditions, despite harmonizing vital forces inside body whereas placebo effect is directly compared with dummy treatments which means a routine part of research treatments will be done to have clinical effects beyond placebo. Despite this many homeopathists have reluctantly accepted the placebo effect derive from positive experience in the self-healing process.

References

Ernst, E. (2012). Why I changed my mind about homeopathy. Guardian Newspaper, 3.

Haresnape, C. (2013). An exploration of the relationship between placebo and homeopathy and the implications for clinical trial design. JRSM short reports, 4(9), 2042533313490927.

Teixeira, M. Z., Guedes, C. H., Barreto, P. V., & Martins, M. A. (2010). The placebo effect and homeopathy. Homeopathy, 99(2), 119-129.

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Sharma.S(2016).Modern science rejects homeopathy as ‘placebo effect’: Here’s why. Available at-https://www.hindustantimes.com/health-and-fitness/homeopathy-conundrum-can-sugar-pills-hurt/story-OoRbGLPEDUqHRGyUrf4vJL.html

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Endocrine System- Roles and Functions

Endocrine System
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In the human body, a plethora of hormones regulated including growth hormones, electrolyte balance, metabolism or reproduction. There is numerous gland located throughout the body that produces hormones. This started with the secretion of releasing or inhibiting hormones from the Hypothalamus that further act upon pituitary gland simulation pituitary to release hormones(Janz, 2000). 

For anybody to communicate or coordinate, the body needs to set up a constant internal environment i.e Homeostasis. That infers neither salt concentration( electrolytes) nor temperatures should not fluctuate in the blood. 

Conversely, hormonal communication based on the release and inhibition of hormone secretion will ensure rapid transmission even in a fraction of seconds. In this article, we are going to discuss the psychological aspects of hormones and what is its role

Hormone And Its Function

Endocrine glands including the hypothalamus, pituitary, adrenal, gonads, pancreas thyroid and parathyroid secrete responsible stimuli and then released them into the blood. Aftermath hormones carried out by the blood and work up the target cell.

The interaction between hormone and receptor triggers a cascade reaction. But a body has to maintain homeostasis in every condition, which means increased hormones could also be problematic.

The hypothalamus located in the brain regions controls all the body functions including eating and drinking, blood pressure, sexual behaviour etc. It plays a pivotal role in terms of regulating body functions(Hiller, 1998). 

In the body hypothalamus secreted hormones get released through the hypothalamic-hypophyseal portal system are common reasons behind releasing or inhibiting hormones. Dopamine a neurotransmitter affects the bone muscle cells and repressing lactation when a child born. 

Pituitary Gland And Its Major Functions

The pituitary gland is segregated into the anterior or posterior gland either simulate the target regions or directly affect the organs. It releases several distinct hormones such as prolactin, ); gonadotropins adrenocorticotropic hormone (ACTH; thyroid-stimulating hormone (TSH), also called thyrotropin; growth hormone (GH). Growth hormone is most abundant and plays a pivotal role in controlling body development and growth. GH levels were higher in the early days of childbirth. If you want to know more about growth hormones, get instant help from assignment help in Saham services derived by ArabEssay.

On the other hand, the posterior pituitary gland doesn’t produce its hormones instead known for storing vasopressin and oxytocin. Vasopressin plays a major role in controlling the water economy also reabsorb water during urine filtration

Adrenal Gland And Hormones

The two adrenal glands located above the kidney primarily producing corticosteroids. It helps and controls sugar, monitor lipid and protein metabolism. For instance, cortisol increases the glucose level in the blood thus in turn promotes the formation of glycogens. It protects the body from a deleterious effect. It is noticeable a high amount of corticosteroid provided to patients helps in reducing tissue inflammation (Greenstein et.al, 2000)

Gonads

Ovaries and testes, these are two major reproductive gland producing germ cell for fertilization. It secretase’s steroid hormones are necessary for the development of the reproductive organ. 

The main role of estrogen is controlling the development of female genitalia which promoting growth of the breast, uterus vagina also controls secondary sexual characteristics(Campbell and Jialal 2019). 

However, the primary function is regulating mensuration and maintain female libido. If you want to know more about estrogen hormones and how does happen when estrogen level drop after menopause, you can also ask for quality assignment help in Adam services derived by ArabEssay.

Progesterone

During a certain phase of mensuration, the body produces progesterone, which leads to placenta formation during pregnancy. It causes changes inlining of the uterus also stimulates the development of the mammary gland.

Androgens

The principle androgenic steroid is known as testosterone. Its main function is to control the development of male genital and has strong protein activities. Thus promoting increases mass accumulation around genital areas

Thyroid And Its Hormones

The thyroid located at the windpipe produces two distinct hormones thyroxine (T4) and triiodothyronine (T3). It increases the metabolism of all the body tissues helps in generating the energy required for body functioning. It also maintains the calcium level in the body. 

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Parathyroid Gland And Its Hormones

It produces PTH increases the calcium level in the blood, thus maintain the bone quality and controls adequate calcium function inside the body. If the calcium level is suppressed, the lo level of PTH could be identified at that place

Pancreases And Their Hormones

Pancrease acts as exocrine gland produce digestive enzymes and then secrete two major hormone glucagon and insulin.

Insulin promotes glucose uptakes and increases fat synthesis inside the adipose tissues. On the other side, glucogen increases the sugar in the blood and increases the breakdown of glycogen level.

Conclusion

The endocrine system is highly complex and control by a network of hormones released by them. The level of hormones regulated in a straight forward manner by the end it is influenced by the internal and external environment. In this blog, we have discussed the endocrine system role and described produced hormone targeted cells. Some of the roles played by hormones like the primary function of ovaries is regulating mensuration and maintain female libido. Whereas Growth hormone is most abundant and plays a pivotal role in controlling body development and growth.

To know more about endocrine System,you may also seek assistance from ArabEssay  Essay writer in Saham experts today.

References

Campbell, M., &Jialal, I. (2019). Physiology, Endocrine Hormones. StatPearls [Internet].

Hiller-Sturmhöfel, S., &Bartke, A. (1998). The endocrine system: an overview. Alcohol health and research world, 22(3), 153.

Greenstein, B., Wood, D. F., & Al-Mamari, A. (2007). The Endocrine System at Glance. Sultan Qaboos University Medical Journal, 7(2), 169.

Janz, D. M. (2000). Endocrine system. In The laboratory fish (pp. 189-217). Academic Press.

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