Why College Students in Metro Manila Take Up Part-Time Jobs Essay Example for Free

Why College Students in Metro Manila Take Up Part-Time Jobs Essay A part-time job is a form of labour where in one works fewer hours per week than that of someone who works at a full time job. Those who have part-time jobs work for less than thirty to thirty-five hours a week. May it be capable, post-graduate adults or under-aged students, the amount of people with part time jobs have increased over the past 20 years in most developed countries. â€Å"There are many reasons for working part time, including the desire to do so, having ones hours cut back by an employer and being unable to find a full-time job. † [] Many students work part time jobs to supply themselves with additional funds. Working part-time is ideal for students, since it allows them to balance their academic needs with their school needs. This is one of the things some students in High School look forward to when they graduate and step up to college, to have freedom and a preview of the world that is waiting for them once they graduate. They want a peek of the â€Å"real world† as some say, which is the world of adults, the working world. Though some are forced to go through with this as their economic status demands it, there are still many advantages when it comes to taking up part-time jobs. Collegiate students are given a bigger work load than any other department but many still go through with it despite their amount of tasks. It is because for many hardworking students, like ones who had graduated with many honours, it looks good on a resume. The employers usually see this as a good thing for they know that their candidate for employment can handle a large amount of work properly. With a good looking resume, it would not be that hard to get a job. Moreover, parents would like to give their children a sense of responsibility in which they tell their children to apply for part time jobs so as to let them experience what it feels like to have their own money to budget. Statement of the Problem This study aims to analyze the reasons why college students take up part time  jobs and how they manage their time. In a more detailed manner, it is to answer the following questions: 1. What are the reasons college students take up part time jobs? a. Is it an absolute necessity? 2. How much do they earn per week? 3. On what do they spend their money on? 4. Do they give part of their payment to their parents? a. How many percent? 5. Are they able to manage their time? a. How many hours a day do they work? b. Do they have other activities/responsibilities? 6. What motivates them to keep working? a. Who gave them the idea of applying for their jobs they have? 7. How long have they been working? Scope and Limitations The topic is about collegiate students with part time jobs. The study will be conducted to know how students of different schools in the collegiate department juggle their studies with part time jobs. The study will tell about how they cope with the sudden change in their habits and their time management. The study will also tackle the reasons why they took up their current jobs, if the job is a necessity or if it is of their own desire. The study is time pressured. The time to work on the study is seven months. The respondents will be various students of a few different colleges around the Cavite and Metro Manila area, School Year 2012-2013, who have a job that requires them to work for less than 39 hours a week. Significance of the Study The study is important to many current and upcoming fourth year students who are planning to take up a part time job in their collegiate years. It would help them to further understand the advantages and disadvantages of what they are hoping to get themselves into. This research will help them be sure of what they want. This would also help them find a way to manage their time once they are there. The study would also help the students already in college. It would help those with part time jobs feel easier knowing other people go through the same things they do. The study will also help them manage their time better. It would also help those collegiate students who do not have jobs. It would give them a better view. The study will give them a good, first person point of view insight. Furthermore, this study would also help teachers and parents to understand the stress and pressure the collegiate students with part time jobs go through. This study will open doors for them to be able to create a stronger family bond. Research Design 8. What are the reasons college students take up part time jobs? 9. How much do they earn per week? 10. On what do they spend their money on? 11. Do they give part of their payment to their parents? 12. Are they able to manage their time? 13. What motivates them to keep working? 14. How long have they been working? Input Process 1. To analyze and assess the effects of part time jobs to collegiate students 2. Gathering data by means of handing questionnaires to the respondents. 3. Output 1. Learning how collegiate students with part time jobs cope up with their studies 2. Warning those who plan to take up part time jobs if they are not ready for it 3. Encouraging readers of the study to take the  challenge of having a part time job once they are ready Fig. 1 – Analysis of the Reasons Why College Students Take Up Part Time Jobs and How They Manage Their Time Definition of terms 1. College- is an educational institution or a constituent part of one. 2. Part time job- is a form of employment that carries fewer hours per week than a full-time job. 3. Job- a regular activity performed in exchange for payment. 4. Student- is a learner, or someone who attends an educational institution. 5. Economy- consists of the economic systems of a country or other area; the labour, capital, and land resources; and the manufacturing, production, trade, distribution, and consumption of goods and services of that area. 6. Time management- is the act or process of planning and exercising conscious control over the amount of time spent on specific activities, especially to increase effectiveness, efficiency or productivity. 7. Budget- is a financial plan and a list of all planned expenses and revenues. It is a plan for saving, borrowing and spending. 8. High school- is a term for education system used in parts of the English-speaking world to describe institutions which provide all or part of secondary education, but not always the highest years of basic education, which can be called a secondary school or secondary college or other terms, depending on the nation or region. 9. Teenager- is a young person whose age is between thirteen and nineteen. 10. Labour- productive activity, especially for the sake of economic gain. 11. Responsibility- the state or fact of being responsible. 12. Adult- a person who is fully grown or developed or of age. 13. Pressure- the exertion of force upon a surface by an object. 14. Graduate- a person who has received a degree or diploma on completing a course of study, as in a university, college or school. 15.Employer- is a person or institution that hires employees or workers. 16. Employee- contributes labour and expertise to an endeavour of an employer and is usually hired to perform specific duties which are packaged into a job. 17. Motivation- is the psychological feature that arouses an organism to action toward a desired goal and elicits, controls, and sustains certain goal directed behaviours. 18. Respondent- is a person who is called upon to issue a response to a communication made by another. 19. Stress- A mentally or emotionally disruptive or upsetting condition occurring in response to adverse external influences and capable of affecting physical health, usually characterized by increased heart rate, a rise in blood pressure, muscular tension, irritability, and depression. 20. School- is an institution designed for the teaching of students (or pupils) under the direction of teachers.

Literature Review of Approaches to Strategic Change

Literature Review of Approaches to Strategic Change Organizations require change as they live through time. This change which adjusts according to new demands and procedures is known as Strategic Change. This paper sheds light on the importance and approaches of strategic change as an important part of the strategic management. It studies two models of strategic change management and an organizational example which requires strategic change. Introduction Pasmore (1994) writes that we live in a dynamic environment where change is happening to everybody and everything. He notes that this change encompasses our organizations as well. Pasmore (1994) further notes that many of us, even the organizations usually do not realize this change and this is where they face competitive disadvantage, assuming a non-monopolistic society. To deal with such changes, and also with many others, the educators and researchers of this world introduced the notion of strategic change. Strategic change is a concept involving a reorientation of an organizations resources, both human and physical, products, services and structure. An organization needs strategic changes to, Maintain, or enhance it competition position Grow Growth and stability is an important factor, probably which all organizations strive for. To keep growing then, an organization has to evolve. The market in which an organization exists is pretty much like our environment that surrounds us. Through the process of natural selection those fittest to survive the wrath of the natural change, live. The others disappear into history books. The responsibility of bringing about a change in an organization rests greatly upon the shoulders of the managers of the organization. Because of the variable and highly diversified nature of organizations, the theories and models of strategic change management are numerous. In fact, the truth remains that each manager of the firm can up with a new model to support and direct his organization. Nevertheless, researchers have developed models which basically serve the purpose of enhancing the thinking abilities of to-be or current managers and to actually provide them with a direction. Literature Review To define a complex concept like strategy in a line or two would be unjust to the concept itself (Sadler and Craig, 2003). The concept can however be explained by linking various phrases. According to Saddler and Craig (2003), strategy is the Purpose or mission The policies The decision Implementation of decisions Analyzing and utilizing strengths and opportunities Gaining competitive advantage Basically, strategy is the course of action used to achieve the major objectives for an entity (Brown and Harvey, 2006). Tichy (1983) defines strategic change as the modification in the structure, resources, products and services of an organization. In light of the discontinuous, large scale changes facing the world, organizations will be required to undergo major strategic reorientations.(Tichy, 1983) Because of various reasons, including the shift in technological progress and increase in overall market competitiveness, organizations are finding it increasingly indispensible to bring about strategic change (Brown and Harvey, 2006). When bringing about a strategic change in an organization, the consideration of the culture of that organization is extremely important because the culture of an organization includes basically the set of priorities and values in the air of an organization (Brown and Harvey, 2006). The reason why most strategic changes fail is the inability of an organization to deal with change itself (Hyde, np). Strategic Change: The Models The introduction section of this paper clearly points out that strategic change cannot be explained and executed through any one standard model. In fact, there can be as many models as the organizations in this world and probably more. Some famous models however do exist. This section therefore is going to talk about three of the models. CBA Model of Strategic Change CBA is an acronym for Conceive, Believe and Achieve (Black and Gregersen, 2002). These three are in general the three dimensions of the model. Talking in terms of the model specifically, Conception, Belief and Achievement have been defined as the brain barriers hindering the implementation and the execution of the change (Black and Gregersen, 2002). Conceiving the idea is actually making the employees see its worth. This includes making the employees believe that the current practices, that were right yesterday are not right anymore and therefore must be changed with new ones. This is probably the biggest obstacle that the executives face while trying to bring about a strategic change in the organization. Next comes, Believing! Black and Gregersen (2002) define this as the second brain barrier to bring about a successful strategic change. Under this point, the employees have to believe in the fact that the path they are taking to bring about the change is correct. That is, they should believe that they are doing that new thing rightly. Last is Achieving. The employees should have the sense of achievement regarding the successful strategic change. This factor is important for two reasons. Firstly because, you stop trying when you know you have achieved something. The knowing of the end point thus, marks the successful shift of strategy. Secondly, the sense of achievement is important to encourage undertake further ventures. These might sound like three, unconnected pieces. The binding force for these pieces then is the idea and need of Leadership. CBA model believes that without proper education, training and support of the employees, bringing about a significant strategic change in an organization is not possible (Black and Gregersen, 2002). Furthermore, this model holds that the executives should always be champions of the change. The reason is that the employees would always be as serious about the venture as the executives. Another model for strategic change considers teamwork more important than leadership (Fogg, 1994). This model deems the following factors as important when considering and implementing strategic change. Security of future Provision of roadmap Setup of priorities Optimized resource allocation Get inputs and ideas Gain commitment Coordinate the execution The factors are pretty self explanatory in their own self. The point or the binding force of these factors, according to the team based model is Team Work. According to this, working together and understanding each others needs helps bringing about the change in the true sense. Strategic Change: The Crux It is useful to be reinforced here that the last section, Strategic Change: The Models can go on infinitely. Starting from the day the term, strategic management was coined till now thousand of models for a successful Strategic Change have been made. Thus, it is impossible to fit in all the models in this paper. The crux however of successful strategic change can be defined. Understanding the Culture of an Organization Brown and Harvey (2006) state that the culture of an organization is in effect the values held and shared by the members, which differentiates one organization from another. Further Brown and Harvey (2006) state that the culture of an organization has the following characteristics: Individual autonomy Sensitivity to the needs of the customers Support Interest in developing and carrying out new ideas Openness of communication Risk management Understanding the culture thus, is extremely important because it is the employees of the firm that make up its culture and then again, it is the employees of the form that have to execute the change. Unless all the employees believe and change their working modes, significant strategic change cannot be brought by and any investment that is then done will be in vain. Balogun (2010) points out that the culture of an organization is the interlinked set of organizational subsystems in which the paradigm drives the visible manifestations of culture, such as the organizational symbols, routines and rituals, stories, control systems and structures. These assumptions and rituals then define the type of change that is being brought into the organization. This is to say that a change in these basics of the organization will bring about a transformational change. A change, holding the culture more or less constant is a realignment change (Balogun, 2010). Planning the Change Since the strategic change that is being brought to the firm will affect the future stability and growth of the firm, it is extremely important to take as much time as required to properly plan each and every detail of the change, smoothing out the rough edges by either skillful implementation or incorporation of policies. Fogg (1994) suggests that it is extremely essential for a successful Strategic change to be carefully and consciously tailor the planning course in accordance to the size, complexity, culture and strategic situation of the organization. This planning would be different for a firm in financial and competitive crisis and different for a firm that is seeking expansion. The process of planning according to Fogg (1994) involves three stages: Pre-work: departmental evaluation of the status quo including strengths, weaknesses, opportunities and threats facing the individual members and also the organization as a whole. Priority setting: Discussion on various proposals with respect to finances, environment, market, customers and the overall reputation of the firm and thus setting the priorities according to which the change will be processed. Strategic planning: Discussion of strategies, plan of actions, resources and communications to strategize the change. Post-work: evaluation of the completed plans. Working as a Team Hitt, Ireland and Hoskisson (2009) point out that according to research evidence, the executives who boost about their no mistake making capabilities are more likely to make strategic errors. Thus, when important structural changes are being brought to the organizations, the managers and the executives should work as a team and develop an open communication with the employees. The reason is that it is the employees who really know the work that is going on in the organization. Incorporating them as a team of the bigger picture can help bring about a successful strategic change in the organization. The teams can also be divided into various divisions. Hitt, Ireland and Hoskisson (2009) also mention that the organizations that have a heterogeneous top management i.e. executives with different educational and experiential background, can operate under the benefitting shadow of different perspectives. The idea of working as a team also focuses on the need of a leader for this processing. The leader acts as the central, integrating personality to whom people can deliver their plans and problems. Moreover, the presence of a leader is indispensible lest the entire organization becomes a cookery show where everybody is doing their own cooking and the result is a spoiled main dish. Somebody needs to host the show. Evaluating Finally, as the strategy for change has been implemented, it has to be evaluated. Hyde (np) notes that a change in the behavior of the employees or the general change in the culture of an organization is only visible after the change has been implemented. Thus, once the execution has been completed, the top management should require a proper evaluation of the changed organization. This is important for a lot of reason. The first and the most significant reason is to check whether the results are in accordance to the proposal or not. Punjab University Established by the British in 1882 in Lahore, Punjab University (PU) is the first university to be established in the Asian Sub-continent. It has given to the world gems like Dr. Abdus Salam and Har Gobind Korana. Today, it is a part of Pakistan, still headquartered in the lively, historical city of Lahore. Punjab University has over 500 affiliated colleges and hosts almost 350 examinations for over 450,000 students in Pakistan. Today, even though new universities have come about in Pakistan and Punjab Universitys position has shifted to a competitor rather than a monopolist, it is still a well reputed and looked up to institution in the field of education (Punjab University, 2010). The other side of the coin however is that Islamic Jamiat-e-tulaba, a student union, promoting (rather enforcing) the twisted, orthodox and chauvinist Islamic views in the University. This student body has a hold, stronger beyond imagination. Most of the members of this union are graduates who keep taking up degrees to stay in the campus hostels and thus maintain the hold. This union is funded by the members mostly. They also manage to pull out money from the Vice Chancellors of the University. Moreover, the overall environment of the University is now become conservative. Earlier where the cream of the student body went to PU, it has now become the third or fourth option for students residing in Lahore. Those out of Lahore, place it even down. Most of the professors who are currently educating the youth o Pakistan in universities like Lahore University of Management Sciences (LUMS), Lahore School of Economics (LSE), Institute of Business and Administration (IBA) and other started th eir carrier at Punjab University. The loyalties however have changed due to the difference in the salary structure and the general atmosphere of the university. As good professors and promising students choose other universities, the budget of the University for spending on infrastructure and technology has gone down, causing further problems for the status and educational ability of the University. Even though in terms of area and campus, Punjab University still beats all other Universities in Pakistan. It has campuses all over the country. However, in terms of organization, management, educational capability and investment PUs reality has been taken over by other new and well managed Universities in the country. What Punjab University now needs is a well managed Strategic Change. The Strategic Change Proposal It is evident enough that the goal of the change that would be brought about in the university would be to steer it to the same fame and respect it had throughout the 20th century. Following are some proposal for the change. Increase the Budget: for any strategic change that is to be brought in an organization, investment in a must. And what PU requires is a transformational change. This extra amount of fund is proposed to be used on renovating the classrooms, laboratories, libraries and on hiring new Professors. This budget, if utilized optimally can also be used to renovate the hostels for the students who come from outside Lahore. Reduce the hold of Islamic Jamiat: With all the terrorism been listed in the CVs of Muslims, this Islamic student body, watching any un-Islamic acts in the university, fighting and punishing people for mistakes looks like a terrorist group to many people. Parents think twice before sending their child into this kind of atmosphere. Thus, the reduction in the number of excellent students coming in. Especially students, who did their O and A levels instead of the government matriculation program, hardly ever choose to come to PU. One of the contributing reasons to this is the strong hold of a strict Islamic body. Management should strategically remove the hold of this union. Marketing: no matter how good an organization is, people come to know of it mostly when the product is being marketed. The product PU is selling is education and a memorable university life and thus, it should strongly focus on marketing the product. It may require initial investment but the results would be awesome. It can also help in changing the perspective of people regarding the conservative and strict environment of the University. Moreover, students would see PU as a good option in terms of their future. This change can be strategically planned by the board of directors. To improve the process further, one student representative from each department can be chosen to present ideas, demands and existing problems. Through this, the stakeholders i.e. the students wishes and problems will be answered and they will become a part of the Strategic Change process. Moreover to reinforce this idea to inclusion of stakeholders in the process of change, from each campus a faculty member can be selected to represent/department the problems that campus/department. Conclusion Organizations have to grow with time. The last two decade especially saw a remarkable social shift in Pakistan. Media grew and so grew awareness. This it became extremely important from the organizations in Pakistan to grow and change socially but also in terms of the product they offered. One the renowned organization in Pakistan is Punjab University. However it so seems that it has not grown dynamically in the social context especially. Educationally, obviously there have been forms for example the construction of the computer Labs. However, this is not enough. Students come to university, not only for education but also to live a life before they enter into the practical world. For the vulnerable age that the University entering students are in, it is very important to give them a memorable life with sports, social events seminars so that they do not think that they are missing out on the life that other university going students are having. Thus, PU should change strategically to reduce i) the hold to the Islamic union, ii) invest to improve infrastructure iii) focus on marketing.

The Fifth Element, Sinfield, The Perfect Storm and A River Runs Through It :: Movies Writing Essays

The Fifth Element, Sinfield, The Perfect Storm and A River Runs Through It Authors examine many different sources to become better writers. By drawing on the writings of another author one can enhance their current writing style and also learn new ways to write. The plot, conflict throughout the story and the relationships between the characters are some examples of the parts of a story that an author can look at. Plot is the essence of a story. It is basically an outline of the flow of a story from one event to another. By examining the plot of a work, one can gain insight into another person's style of storytelling and from that style one can then learn ways to enhance his own writing. The movie, The Fifth Element, contains a plot that unravels very creatively. The screenwriter of the movie chose to tell his story from a future time when humans and aliens coexist. His goal is to explain to the moviegoer the idea that four elements, portrayed as rocks, make up life and one essential element holds these four together to create life and combat evil. He begins his explanation through a flashback sequence that displays the initial conflict, an ultimate evil, which will again arise later in the movie. After the flashback, the movie follows a chronological chain of events. The audience is introduced to the main characters, a man and a woman, and then to the rest of the good guys and the villains. T hroughout the course of the movie the characters move through many emotions from fear to hate to sheer joy. In the end, the good guys gather the four elements and are able to combine them together with the essential element, love, to destroy the evil. The creator’s use of common elements such as flashbacks, conflict and the basic concepts of good and evil can be drawn upon to better ones own plot construction. The Fifth Element uses the concept of a tangible evil as the major source of conflict. Sebastian Junger's book The Perfect Storm uses the natural phenomena of a storm as its ultimate conflict. The book takes place on a commercial fishing boat, the Andrea Gail, which gets stuck at sea during a terrible storm. The crew of the boat has to fight the storm in order to save their own lives. This causes a man verses nature conflict in which the man has little chance of winning.

Karl Marx’s Views on Family Ethics Essay -- Karl Marx Communist Manife

Karl Marx’s Views on Family Ethics Karl Marx and Frederick Engels Karl Marx devoted much of his time to the study of morality, better known as ethics. Karl Marx was a firm believer in Communism and he authored the Communist Manifesto, along with Frederick Engels. Family ethics is an issue dealt with by Karl Marx in his teachings and writings. According to Marx and his co-author, Engels, morality is the slave of interest. Moral codes and ethics are believed to be dependent on the person and relative to the social setting.[1] Ethics are discussed on a philosophical level and also in everyday controversial topic discussions or debates. Marx was a huge supporter of freedom and believed that freedom was a result of the Communist party and its beliefs. Karl Marx had little faith in the future of Capitalism and the system of Monarchy, and he believed that once these two ideas of politics were eliminated, Communism would move in and replace the wrong thoughts instilled with Capitalism and Monarchy, and provide the world with sense and reason. Stating his feelings clearly in the Communist Manifesto, Karl Marx noted that the selling point in the economy should be the people themselves, not the working labor, money, or rent from the property.[2] To supplement these theories, Marx proposes an end to the problem of men and their activities, which is to direct men’s attention on the economy so that there could be prevailing freedom. There are some discrepancies in Marx’s theories, like the question of what else has an impact on freedom. There are other issues, but the issue remains that peo ple are unaware if freedom ethics applies to all people and how it affects the modern society. ... ...roposal for the world and Communism was too far-fetched and would not work. Every time there has been a push towards Communism, it has always failed. There have been several unsuccessful attempts, all ending in a problematic dictatorship. While he did realize freedom was a major issue, he lacked in knowledge that family life was also significant. Notes [1] Kamenka, Eugene. Marxism and Ethics. New York: W.D. Hudson, 1969 - Pg. 4. [2] Kamenka, Eugene. Pg. 13. [3] Heyer, Paul. Nature, Human Nature, and Society. Greenwood Press, 1982 – Pg.126. [4] Heyer, Paul. Pg. 125. [5] Heyer, Paul. Pg. 127 [6] Kamenka, Eugene. Pg. 26. [7] Kamenka, Eugene. Pg. 49. [8] Kamenka, Eugene. Pg. 51. [9] Koren, Henry. Marx and the Authentic Man. Pittsburgh, PA, 1967 – Pg. 33. [10] Koren, Henry. Pg. 67. [11] Koren, Henry. Pg. 68.

Capital Punishment :: essays research papers fc

There has been a total of 374 executions within the United States between 1976 through 1999. The methods of the executions have been electrocutions, lethal injections, gas chambers, firing squads and hangings. Electrocution: An alternating current of about 2000 volts of electricity passes through the body. The criminal is strapped into a specially constructed electric chair. One electrode is applied to the scalp, the other to the calf of one leg. The electrodes are moistened with a salt solution to ensure adequate contact. Death usually occurs within two minutes after the current has started to flow through the body. Lethal Injection A small tube is inserted in the prisoners vein to ensure easy access when its time to inject the poison. The poison is very lethal and death occurs quickly. Gas Chamber The person is sealed in an enclosure where poison pellets of gas are released. The poison pollutes the airways and stops all breathing. The gas pellets strangle the prisoner, taking his or her breath away until the veins under the skin burst. Firing Squad Receiving multiple bullets throughout the body while being shot by a firing line. Death usually occurs from a loss of blood unless shot in the heart. Hanging: Suspending the condemned person by the neck, usually with a noosed rope or cord from a frame with a crosspiece commonly known as a gallow. Death through hanging results from compression of the windpipe, obstruction of blood flow and rupture of nerve structures in the neck. The spinal cord is damaged or severed through the fracture or dislocation of the first three cervical vertebrae. (Andrews, Interquest) Take a minute and think of why most countries don’t use some of the old methods to carry out the death sentence such as: Crucifixion, boiling in oil, beheading, burning alive, crushing, stoning, or drowning. The United States is still using an uncivilized practice that has been rejected by most countries hundreds of years ago. The eighth amendment of the Constitution states against the infliction of cruel and unusual punishment. This is definitely against the Constitution that the United States hold so dearly is just one reason why the death penalty is wrong. (Morgon, p. 52-54) From a religious point of view, many of us were taught that it was wrong to kill per the Ten Commandment’s in the command, â€Å"THY SHALL NOT KILL†. This epitomizes the Divine Command Theory because this was commanded by God and therefore is good.

Bank of China and HSBC comparative analysis Essay

From the experiences of customers with internet banking, it would be evident that the internet services of HSBC have been well established and have also been accepted as customer friendly, timely and efficient. An overwhelming three fourths customers have accepted that the security of the internet is greater than physical banking which indicates a high level of its effectiveness. It is also evident that those customers who have got accustomed to the use of the internet for banking are likely to continue with this experience. Thus where Bank of China had quite low scores for customer friendliness and efficiency at 32 and 41 % respectively, an overwhelming 81 % of the populace still wanted to continue with internet banking. The overall banking experience has been positive for 54 % of the customers of Bank of China and 67 % of the HSBC. Thus there is adequate scope for improving its services for the customer to provide them an excellent banking experience. Since banking is a personalized event, it is of essence that the customer is provided a special touch be it the individual or the corporate. Failure to do the same will lead to loss of a client which is not good for any business. As the competition in the Chinese banking space grows, it would be important to enhance the satisfaction level to the customer. The Bank of China is a well established banking financial institution, which has a tradition of almost a century of banking, It has been able to adapt to the changing environment very rapidly over the years which is evident from a past turbulent history. Despite nationalization of the banking services in China in 1949 and subsequent liberalization in the 1990’s the Bank has demonstrated admirable resilience in adapting to the changing norms and focusing on the development of services appropriate to the needs of the time. After the Chinese economy has opened, the bank has been particularly benefited as it has been able to exploit its strength of global business by integrating Chinese business needs with the global requirements. The Bank of China was the first Chinese bank to list in domestic as well as the international stock exchanges during the year 2006. (Interim Report, 2006). This will subject it to greater accountability and the management will have to conform to international standards of accounting systems with greater verification by share holder bodies. (Interim Report, 2006). The bank recorded very impressive results for the first half of 2006 with profits of RMB34,338 million and RMB19,477million, operating and net respectively. This was an increase over last year of 19. 72% and 28. 30% respectively. It is however seen that impairment losses are quite high at RMB5. 479 billion, which demonstrates increase of RMB513 million over the same period last year. (Interim Report, 2006). This is the area of concern as controlled by the state, there is a possibility of increase in this facet which will be a set back to the growth and credibility of the Bank. Internationalization is the focus of the Bank of China and it has adapted maximum international banking practices in China. The Bank is always looking for opportunities to enhance its corporate as well as financial image and in pursuance of which it has become the sole banking partner of the 2008 Olympic Games in Beijing. This to some extent will contribute to its brand image and also indicate its role towards fulfilling corporate social responsibility. (About Bank of China,. 2006). In China, the Bank has a very high reputation, being recognized internationally as the Best Bank as well as the Best Domestic Bank in China by Euromoney for a record eight times. (About Bank of China,. 2006). Apart from these many other awards are accredited to the Bank. Bank of China has a wide range of products and services for the corporate as well as the personal consumer which compare quite reasonably with that provided by HSBC. It has considerable advantage in offering foreign exchange services since it has been nominated as the lead branch and hence it obtains considerable benefits from the same. The ability of the bank to exploit its advantage is evident with its spot transaction policy to be settled on the second working day of conclusion of the foreign exchange transaction. It has various types of foreign exchange dealings, conducted by individuals the counter personnel or through the internet. (Forex, 2006). That the Bank is enhancing the efficiency and effectiveness of its services is evident from the credit card programme. BOC provides a credit card which is valid nationally as well as internationally. There is a 50 day interest free repayment period and all payments up to the provided line of credit are provided conveniently. (Card, 2006). The card can also be used for drawing cash, there is a no risk report after loss which can be given on telephone. The BOC is increasingly attempting to popularize this concept and has also tied up with various discounted retailers to provide benefit and enhance card usage. A recent introduction is a reward for increased usage of the card.(Card, 2006) Thus by spending 1 RMB, a customer gets the benefit of 1 point and for spending 1 US dollar, benefit of 8 points are given. These points can then be exchanged for various gifts including travel tickets, phone recharging and ordinary purchases based on various schemes prevalent. (Card, 2006). The application procedure has been simplified and there is a double currency facility for consumption as well as for withdrawal of cash based on the credit card. The services available through the bank being world wide, it proves of great benefit to Chinese individuals as well as business persons to hold these cards. (Card, 2006).

Communication Style Paper

AA Professor Course 6315 Feb 26, 2013 COMMUNICATION STYLES: ANALYSIS OF THE INTERACTION This paper analyzes a specific interaction. The purpose is to see how changing the communication style according to the subjects involved can have different outcomes. The topics covered in this paper are (1) Subjects Involved, (2) The Specific Interaction and Analysis, and (3) Conclusion. Subjects Involved The nature of the two subjects involved in the study makes the analysis interesting due to their opposite communication styles. Any miscommunication between the two can result in undesired outcomes.The following paragraphs describe the two subjects and their communication styles followed by the discussion of the particular interaction and its analysis. Subject 1: The Candidate â€Å"Sales Manager† The one thing that separates the Sales Manager, Brian, from everyone else in the office is his desire to be liked by everyone. Brian cannot handle rejection of any kind. He is the person to appr ove any changes in Sales recommendations to the investors. Convincing Brian to do anything other than what he wants is quite a task. Each time one is about to convince Brian, something magically appears that takes him away to a different task.Subject II: The Noble â€Å"Me† I am the second subject. Being a â€Å"Noble,† getting into long discussions over rather straight forward issues is difficult for me. Arguments are pretty simple for me. The solution is either this or that. I have a need to make a decision and move on to the next task with the least amount of time wasted. The Specific Interaction and Analysis Brian has been the Sales Manager for the last five years. The office environment is open and democratic. All important issues are discussed in weekly friday morning meetings.Agendas for monday morning sales meetings are finalized on friday along with the recommendations for different investment properties to be presented to the investors the following week. In the weekly discussions, Brian’s job is to listen to the recommendations of the Sales Team which is led by me. Every time, when we need to finalize the recommendation, the discussions get heated and Brian just changes the topic and starts discussing something else. Each week, we end up with an argument trying to convince each other of the investment pick of the week, without coming to an agreement.Every argument leads to Brian discussing a completely different topic. It became a real problem for the sales team, as we left the meeting without a clear understanding of to present to our investors in the coming week. Once I understood Brian’s communication style, I discussed our course of action with my team. Under no circumstances were we to start an argument. Our tone of voice was to remain calm and in control at all times. We offered our views as an alternative without trying to direct or control him. The discussions were longer than what I would have liked but the resul ts were ncouraging. After weeks of unclear outcomes, we were able to come up with clear investment recommendations for our sales team to present to our investors. Conclusion I learned that knowing the other person’s style of communication makes the communication process a little easier. I always knew about the differences among people but never gave it the required thought to help me communicate better. I now alter my communication style depending upon the person I am dealing with resulting in more effective communication.