Issues Involved When You Try to Take a Strategic Approach...

This essay is going to define strategic human resource management and development (SHRM/D) and briefly mention why this concept is important for organizations, I will then briefly mention other underlying concepts about strategic people management, and then go to the core of the essay and discuss the issues that are involved when we try to take a strategic approach to human resource management and development(HRM/D).Lastly I shall conclude by giving the extent to which my organization’s experience agrees to the issues discussed. PostBank Uganda (PBU) which I work for is a government owned bank and all my illustrations will be drawn from therein. SHRM as defined by Armstrong (2008:33-35) is an approach that defines how the†¦show more content†¦This means that the HR has to be unique in all aspects. For example in PBU we have been training staff in customer care skills in order for them to serve customers right, however every other bank does so and we therefore decided to incorporate an element of positive attitude change in that training giving us an advantage over other people who are only training customer care. Strategic fit: This concept emphasizes that there should be congruence between HR strategies and the organizations environment. It can be perceived in terms of vertical and horizontal integration of HR strategies and corporate strategies. This is in agreement with Wright and McMahan (1992) cited by Armstrong (2008:38) Strategic Flexibility: This concept emphasizes the fact that in order to get the best out of people the organization should be sensitive to its competitive environment and it shouldShow MoreRelated1 Strategic Planning, Learning Theory, and Training Needs Analysis1314 Words   |  6 PagesAssignment 1 Strategic Planning, Learning Theory, and Training Needs Analysis Assignment 1: Strategic Planning, Learning Theory, and Training Needs Analysis KorVina Hunter Professor Robert High BUS 407 December 9, 2011 The analysis phase defines what needs to be trained. Next, an instructional design is crafted to meet this need. Only after the design is complete are the instructional materials developed. During development, individualRead MoreTop Management For Crm And Practicing Crm Essay1683 Words   |  7 PagesAccording to Vazifehdust and Shahnavazi, (2012) there are nine CSFs. 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Answer: By Definition ‘Strategic Human resource management is an approach that refers how the aims of the organization will be acquired through people by meansRead MoreReport On Resource Management Issues And Quality Concepts2443 Words   |  10 PagesMANAGING RESOURCES Report on Resource Management Issues and quality concepts in the context of Housing Organisation (Twin Valley Homes). Title: An analysis of Resource Management issues within the Housing sector and effective use of resouces. Objectives: To find out effective use of resources within the organisation. To find out relevant resource management issues. To discuss quality concepts in the context of housing organisation. To discuss the performance of organisational objectivesRead MoreHrm Tesco16710 Words   |  67 Pagesis readily available in the libraries, internet, Tescos head office, blogs and journals. The second reason for the selection of topic was the access to the management of Tesco’s. 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Welfare in the United States - 1758 Words

Welfare in the United States Everyone has their own opinion about the welfare system in the United States. Some feel it is well-designed and other find it to be valueless. Some say it is an excuse for â€Å"the lazy† to not have to contribute to society, and use it as a source of income. Some even say the program isn’t utilized in the manner in which it was meant when established. Regardless of opinions, the welfare system was established to help those in a time of need. The United States, â€Å"The land of opportunity†, is simply trying to help give those less fortunate the opportunity to succeed. In the following paragraphs we will discuss the history of the welfare system; why it was created; and how the conflict theory impacts it.†¦show more content†¦Some exceptions may apply to citizenship rules. When an individual applies for welfare, his or her citizenship status is reviewed, along with the status of each household member, before assistance is granted. Each state has i ts own residency requirements as well. For example, to be eligible in Pennsylvania, an individual must be living within the state and have the intention of remaining there (Defty, 2007). A social security number is required for receiving welfare benefits. This is required not just of adults, but also of children in an applying household. If someone in an applying household doesn’t have a social security number, the person must apply for one, provide proof of applying for a number, and give the number to his or her caseworker once it is issued. The caseworker may also require a copy of the person’s social security card. Often, adults must meet certain work requirements in order to be eligible for welfare. The requirements may vary depending on the program and the state in which the individual is seeking aid. Generally, recipients are expected to seek employment and/or training. Some states provide work training and employment search programs geared specifically toward s welfare recipients (Defty, 2007). In certain circumstances, a recipient may be exempt from work requirements. For example, an individual in a single-parent household, with a childShow MoreRelatedWelfare Of The United States998 Words   |  4 PagesWelfare is a subject of debate in the United States because everyone has a different point of view when it comes to the Social Security Act. On one side the rich may feel that the government takes from the rich, and gives to the poor. The poor on the other hand may believe that they are being forgotten and not helped enough by the government. 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Before the Great Depression began in America, the government was already supporting certain programs such as the Civil War Pension Program was that passed in 1862 that gave aid to Civil War Veterans and their families. Once the Great Depression hit, unemployment rose and President Franklin D. Roosevelt, enacted the Social Security A ct in 1935. The act formed a number of programs that provided aid to a widerRead MoreThe Effects Of Welfare On The United States1455 Words   |  6 PagesWhen the United States of America first began, there were small villages with men and women of varying degrees of wealth. Like any society, there were people who had little money and poor living conditions while others were wealthy. In the colonies of the new world, the church and the neighbors of those in poverty helped provide food and clothing, while also finding ways to improve their daily lives. 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There is usually a very bad stigma behind the name welfare system but during the 1930 s The Great Depression affected roughly sixty percent of families who were barely living and it was not because of bad choices. (Jensen, C., 2014). During The Great Depression the welfare system was a useful tool the many modifications to the structure over the years has not changed the focus of the systems main focal points. The WelfareRead MoreHealth And Welfare Of The United States Essay1855 Words   |  8 PagesOverview The burden of diabetes in the United States has become a persistent threat to the health and welfare of the people and the nation. Diabetes is ranked the seventh cause of death. Diabetes is a disease characterized by high levels of blood glucose caused by problems in insulin production, working of the produced insulin, or even both, which results in serious complications and ultimately death (National Diabetes Education Program, 2007). 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A Capital Asset Pricing Model with Time-Varying Covariances

Question: Describe about A Capital Asset Pricing Model with Time-Varying Covariances? Answer: A business corporation can raise finance by two methods. The first method is by equity financing and the second is by debt financing. Either of these methods has their own set of advantage and disadvantage. Equity is like selling a part of the corporation to the investors while the second method involves taking a debt from creditors and paying back some interest over a period of time. The credit holders enjoys higher status in the companies as the corporation is liable to pay interests to them, in case of equity a dividend payment is considered to be a discretionary expense. If a company has taken up debt financing then they are said to be leveraged. In business financial leverage is referred as an amount which is taken up to finance various kinds of operations in the company. The credit holders enjoys higher status in the companies as the corporation is liable to pay interests to them, in case of equity a dividend payment is considered to be a discretionary expense. Companies should decompose there ROE (Return on Equity) to see what is the actual status of the company. This analysis is referred as DuPont Analysis and it is used to measure operating, asset efficiency and the financial leverage. ROE = Profit Margin (Profit/Sales) * Total Asset Turnover (Sales/Assets) * Equity Multiplier (Assets/Equity) This analysis can give a fair idea of how leverage is generating returns for the company and good be used for goo decision making in the business. Financial leverage is something which most of the business put good time discussing. It is a very good thing for the company when market conditions are in favour, business is growing, surplus cash is rolling but can be dangerous if not managed well and during the times when the business is down. Excess leveraging and falling asset pricing where the prime reason for Subprime crisis in 2008. This kind of analysis can help the company in the long run to build strong reputation, understand the dynamics on which the business is working and also get a clear breakup of ROE. The credit holders enjoys higher status in the companies as the corporation is liable to pay interests to them, in case of equity a dividend payment is considered to b e a discretionary expense. The financial leverage will provide estimates of leverage, operating efficiency can be measured with asset use efficiency while operating performance can be measured by the profit generation vis-vis sale. One preference of obligation is that intrigue paid to banks is duty deductible simply like whatever other cost. This is on the grounds that hobby is viewed as an expense of working together. Not at all like interest, profits paid to stockholders are not assess deductible so paying profits is more extravagant than paying hobby. Nonetheless, paying profits sends signs to the business sector about the organization's benefit. Financial leverage is something which most of the business put good time discussing. It is a very good thing for the company when market conditions are in favour, business is growing, surplus cash is rolling but can be dangerous if not managed well and during the times when the business is down. 2 The target of the firm ought to be coordinated towards the augmentation of the estimation of the firm the capital structure, or normal, choice ought to be analyzed from the perspective of its effect on the estimation of the firm. On the off chance that the estimation of the firm can be influenced by capital structure or financing choice a firm might want to have a capital structure which augments the business sector estimation of the firm. The capital structure choice can influence the estimation of the firm either by changing the normal profit or the expense of capital or both. On the off chance that normal influences the expense of capital and the estimation of the firm, an ideal capital structure would be gotten at that blend of obligation and value that amplifies the aggregate estimation of the firm (estimation of shares in addition to estimation of obligation) or minimizes the weighted normal expense of capital. For a superior comprehension of the relationship between budgetary normal and the estimation of the firm, presumptions, highlights and ramifications of the capital structure speculations are given beneath. The presence of an ideal capital structure is not acknowledged by all. There exist two compelling perspectives and a center position. David Durand distinguished the two compelling perspectives the Net pay and net working methodologies. a) Net wage Approach (Nl): Under the net wage (Nl) approach, the expense of obligation and expense of value are thought to be free of the capital structure. The weighted normal expense of capital decreases and the aggregate estimation of the firm ascent with expanded utilization of normal. b) Net Operating pay Approach (NOI): Under the net working pay (NOI) approach, the expense of value is accepted to increment straightly with normal. Accordingly, the weighted normal expense of capital stays steady and the aggregate of the firm likewise stays consistent as normal changed. In this manner, if the Nl methodology is substantial, normal is a huge variable and financing choices have a vital impact on the estimation of the firm, then again, if the NOI methodology is right, then the financing choice ought not be of more noteworthy concern to the budgetary director, as it doesn't make a difference in the valuation of the firm. Conventional perspective: The conventional perspective is a tradeoff between the net pay methodology and the net working methodology. As per this view, the estimation of the firm can be expanded or the expense, of capital can be diminished by the prudent blend of obligation and value capital. This methodology obviously suggests that the expense of capital declines inside the sensible furthest reaches of obligation and afterward increments with normal. Hence an ideal capital structure exists and happens when the expense of capital is least or the estimation of the firm is most extreme. The expense of capital decays with influence on the grounds that obligation capital is jaunty than value capital inside sensible, or adequate, utmost of obligation. The weighted normal expense of capital will diminish with the utilization of obligation. 3 Obligation financing for the most part takes the type of bank advances, rotating lines of credit and even utilization of Mastercards. Notwithstanding the lender, premium charges on the sum acquired is the way banks win benefits. Conversely, cash raised through value financing isn't reimbursed. Rather, speculators will contribute cash or property in return for an offer of proprietorship in your business - which implies they will partake in benefits the business produces. Regardless of needing to reimburse the cash raised through obligation financing, the guideline point of interest of this kind of financing game plan is that you don't surrender any control over the business - importance you won't need to counsel with financial specialists before deciding. Another profit of obligation financing is that the reimbursement terms are unsurprising, which considers more exact planning and arranging, and also maintenance of a bigger rate of benefits. Case in point, on the off chance that you get cash from a bank that obliges a regularly scheduled installment of $1,000 more than three years, you can be certain that if benefits surge amid the reimbursement period, the bank won't come requesting a bigger regularly scheduled installment. This isn't the situation with value financing. Speculators by and large need a bit of the upside in return for the danger they take. Consequently, they may oblige an altered rate of the benefits every year, the measure of which, is unusual. Since the interest that accumulates on obligation can be duty deductible, the genuine expense of the acquiring is not exactly the expressed rate of hobby. To deduct enthusiasm on obligation financing as a customary cost of doing business, the fundamental advance cash must be utilized for business purposes. Moreover, you must be lawfully subject for reimbursing the obligation, a real lender borrower relationship must exist between you, or the business, and the moneylender. The leaser must have a genuine desire of being reimbursed. Exercises that oblige enthusiasm to be promoted, or deducted in a later expense year, incorporate the generation of genuine property, unmistakable individual property that has a devaluation class life of 20 years or more, substantial individual property that takes over two years to create and substantial individual property that takes over one year to deliver and has an expected creation expense of more than $1 million. For instance, in case you're in the development business and acquire $1.2 million to buy arrive on which you will manufacture a home for resale, all intrigue that collects up until the house is sold must be promoted. As it were, you'll regard the gathered enthusiasm as an expense of building the home, which expands your assessment premise in it. In the year the house is sold, the higher premise lessens the assessable increase - which viably has the same duty sparing impact as an interest reasoning. References: Bollerslev, T., Engle, R. F., Wooldridge, J. M. (1988). A capital asset pricing model with time-varying covariances.The Journal of Political Economy, 116-131 Campbell, J. Y., Lo, A. W. C., MacKinlay, A. C. (1997).The econometrics of financial markets(Vol. 2). Princeton, NJ: princeton University press Connor, G. (1984). A unified beta pricing theory.Journal of Economic Theory,34(1), 13-31 Fama, E. F., French, K. R. (1993). Common risk factors in the returns on stocks and bonds.Journal of financial economics,33(1), 3-56 Fama, E. F., French, K. R. (2004). The capital asset pricing model: Theory and evidence.Journal of Economic Perspectives,18, 25-46 Huberman, G. (1982). A simple approach to arbitrage pricing theory.Journal of Economic Theory,28(1), 183-191 Litzenberger, R. H., Ramaswamy, K. (1979). The effect of personal taxes and dividends on capital asset prices: Theory and empirical evidence.Journal of financial economics,7(2), 163-195 Reinganum, M. R. (1981). Misspecification of capital asset pricing: Empirical anomalies based on earnings' yields and market values.Journal of financial Economics,9(1), 19-46 Roll, R. (1977). A critique of the asset pricing theory's tests Part I: On past and potential testability of the theory.Journal of financial economics,4(2), 129-176 Ross, S. A. (1976). The arbitrage theory of capital asset pricing.Journal of economic theory,13(3), 341-360 Shefrin, H., Statman, M. (1994). Behavioral capital asset pricing theory.Journal of financial and Quantitative Analysis,29(03), 323-349

Successful PR Tactics

SUCCESSFUL PR TACTICS PR campaigns can be the difference between successful and unsuccessful ventures – and they’re the lifeblood for getting your company’s stories into the public eye. We’ve previously posted a blog about how to write a press release, but where do you go from there? There are a couple of different strategies out there for cultivating a PR buzz both in print and online: 1. Distributing a press release Releasing a press release is pretty easy now. There are a number of searchable databases available, such as PRWeb, PRLeap, and ClickPress, where you can upload your press release for a fee. Journalists and media members with access to these sites  will be able to search databases for relevant information or story ideas. In some cases, these sites will also distribute your press release to journalists or send your release to industry-related sites or news hubs. It’s a good idea to upload your press releases to these sites so that your news is archived and available to the online community. 2. Targeting the Media A really successful PR campaign will include directly contacting media sources. And the more respect and courtesy you show them, the more receptive theyll be to the ideas youre sending. Good old fashioned etiquette and research go a long way in this business. Try the following: Identify the correct local or regional media contacts and pay close attention to their style of reporting. Find out their preferred methods for pitching a story – maybe they only want emails, or maybe they want to be pitched on the phone, afternoons only. After identifying local and regional media contacts, broaden your range to include national, international, blog, and online contacts. Review, update, and double-check your lists regularly – the easiest way to the trash bin is to send your press release to the wrong person or a deleted email address. For more best-practice media relations tips, check out the Media Relations blog with suggestions straight from the horse’s mouth: journalists themselves.