...performance appraisal, the effects and requirements of Performance Appraisal in the Organisation. Introduction: Performance appraisal is the key ingredient of performance management. In a work group, members, consciously or unconsciously, make opinion about others. The opinion may be about their quality, behaviour, way of working, etc. such an opinion may be about their subordinates for determining many things like salary increases, promotion, transfer, etc. in big organisations, and this process is formalized and takes the form of performance appraisal. Performance appraisal in some form has existed in olden days also. For example, Wei Dynasty (221-265 A.D.) in China introduced Performance Appraisal in which an imperial ratter used to appraise the performance of members of the official family. In its present form, the New York City civil service adopted performance appraisal in formal way this now has been adopted by most of the large organizations particularly in business field. Many people who think that performance management (some call it performance development) is a new name given to well-established term “performance appraisal” and therefore, there is no difference between the two. The very basic of this thinking is that in many companies where performance management system has been adopted in place of performance appraisal, old practices of performance appraisal have been retained. Therefore, these companies have not been able to reap the results of performance...
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... | |President of the Committee for Planning and Cooperation | | | |Chairman of the Committee for Investment and Cooperation | | | |Foreword | |For the last two decades, since the �open door policy� of the Lao Government has been implemented, both domestic and foreign investment has...
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...Oil and Gas Industry Introduction YJ Oil and Gas Ltd. in UK is one of emerging company in recent years which is prospering steadily in past couple of year on the back of Initial struggle by founding CEO Oliver Penn. This success came on the back of specialists hired by Oliver Penn. Those specialists while working on three fields of Oil and Gas named “AAA”, “BBB” and “CCC” has explored the reserves with such great ability that led Company to increase its supply, ultimately maximizing the revenues and Profit in FY 2013 & 2014. YJ Ltd. is using method “Upstream” relates to Exploration & Production (E & P). YJ Ltd. has applied for four Licenses in order to meet corporate objectives, shareholders expectations and market demand of Oil and Gas. YJ has implemented IT system in 2005. Which includes multi-currency nominal ledger, a fixed assets register, Survey and scanning software packages, Health, safety and environmental (HSE) and Production of Environmental Impact. Since and IPO of YJ Ltd, it has applied for eight licenses and four of them are in waiting list. YJ has won the bid in fields of DDD, EEE, FFF while cannot grab license of GGG field. YJ Oil and Gas Ltd. has been successful to secure the bid in three licenses. YJ Ltd, at initial will work to explore, appraise and develop those exploratory wells in order to meet share and stake holders’ interest and keeping execute goals in front Global issue is decreasing of Energy resources which comprises Gas and Oil...
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...1.3 Environmental and public health related effects of the resource curse 5 2.1.4 Institutions 5 2.2 How do these points relate to management in countries? 6 2.2.1 Management of oil discovery and exploitation in Norway 6 2.2.2 Management of oil discovery and exploitation in Nigeria 6 2.3 Is Uganda's current economy at risk of being cursed? 6 Section 3: Uganda Oil & Gas Policy 8 3.1 Conceptualizing the Oil & Gas Policy Framework 8 3.1.1 Linkages of the National Oil and Gas Policy to the Country’s key policy frameworks 8 3.1.2 Using Finite Resources to Create Lasting Benefits to Society 9 3.1.3 Transparency and Accountability. 9 3.1.4 Competitiveness and Productivity. 9 3.1.5 Capacity and Institution Building 10 3.2 Issues arising in the Oil & Gas Policy 10 3.2.1 Institutional Development 10 3.2.2 Size of oil reserves 10 3.2.3 Oil and Gas revenue management 10 3.2.4 Investment promotion 11 3.2.5 National Participation 11 3.2.6 Public anxiety and expectations 11 3.2.7 Contribution of oil and gas resources to the energy mix 11 3.2.8 Impact of oil and gas activities 12 3.3 Crosscutting Issues 12 3.3.1 Impact on national economy 12 3.3.2 Impact on Land Ownership and Use 13 3.3.3 Impact on the Balance of Payments 13 3.3.4 Impact on National Industry 13 3.3.5 Impact on Fiscal and Monetary Policy 14 3.3.6 Impact on Physical Planning 14 Section 4: Is the policy likely to be effective? 14 4.1 The policies' mitigation of...
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...A SUMMER TRAINING REPORT ON “STUDY OF CORPORATE BUDGET AND PROJECT APPRAISAL” SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENT FOR THE AWARD OF DEGREE OF POST GRADUATE DIPLOMA IN MANAGEMENT (FINANCE) By Abhay Goyal 13DM006 Under the guidance of Dr. Girish Jain Mr. Anil Kumar Professor DGM (F&A) Accounting and Finance ONGC BIMTECH New Delhi 2013-15 TABLE OF CONTENTS CONTENTS CERTIFICATE FROM MENTOR v CERTIFICATRE FROM HR vi SUMMER PROJECT CERTIFICATE vii ACKNOWLEDGEMENT viii LETTER OF TRANSMITTAL ix LETTER OF AUTHORIZATION x EXECUTIVE SUMMARY 1 1. INTRODUCTION TO THE COMPANY 3 1.1 Background 3 1.2 Overview of the Company 3 1.3 ONGC Group of Companies 4 1.4 Basic Information 5 1.5 Organization Structure (CRC) 5 1.6 Vision and Mission Statement 6 1.6.1 World Class 6 1.6.2 Integrated In Energy Business 6 1.6.3 Dominant Indian Leadership 6 1.7 Strategic Vision 6 1.8 Salient Features about ONGC 6 1.8.1 ONGC in Global Rankings 6 1.8.2 ONGC- Achievements in ensuring Energy Security of India 7 1.9 Corporate Social Responsibility 7 1.10 Future Outlook 8 1.11 ONGC Offices All Over India 8 1.12 Organization Structure of the Finance Function of ONGC 9 2. FINANCIAL STATEMENT ANALYSIS 11 2.1 Financial Performance of ONGC (2012-13) 11 2.1.1 Sales of ONGC 11 2.1.2 Net Profit of ONGC from the Year 2007-13 11 2.1.3 Debt-To-Equity Ratio 12 2.1.4 Dividend of ONGC from 2007-13 12 2.1.5 Earning Per...
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...Exxon Mobil Corporation Introduction Exxon Mobil Corporation is a multinational oil and gas company that is based inAmerica. It’s a descendant at of the Rockefellers standard oil company and it was formed in1999 from the merger of the Exxon and Mobil companies. It’s headquartered in Irving, Texas.The company is one of the world’s largest publicly traded companies and has been ranked thenumber one or number two for the last five years. By the end of the year 2007 the company’sreserves stood at 72 million oil equivalent barrels while its production rates were expected to lastfor more than 14 years (Hrebiniak & William, 1984). The company has 37 oil refineries in more than 21 countries constituting a combineddaily refinery of approximately 66.3 million barrels. Exxon Mobil is recognized as the world’slargest refineries and this title has been associated with the former standard oil since the incorporation in the 1870s. In addition to that the company is largest of the six recognized oil supermajors. Exxon Mobil owns hundreds of other similar subsidiaries including the imperial oillimited in Canada and the sea river maritime which is a petroleum shipping company.Functionally the company is organized into several global operating categories including the 2. 2upstream, down stream, chemical Exxon Mobil global services company, XTO and finally theimperial oil (Neil,1974). Many organizations experiences a lot of stresses as well as difficulty when it comes tocoping with change and lack...
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...Overview & Opportunities About Singhi Advisors Your Partners in Growth . . . Private & Confidential Singhi Advisors Advantage Singhi Two Decades of delivering Success… Full service Investment bank with strong capabilities in M&A, PE & India Entry Strategy Many Services…One Goal MERGERS & ACQUISITIONS INDIA ENTRY STRATEGY PRIVATE EQUITY One of the top ten Investment Bankers and winner of the M&A Atlas Awards – Deal of the Year 2011, ACQ Global Award 2009 for ‘Corporate and M&A Advisory firm of the year-India’ o Co po ate a d & dv so y o t e yea da Multi–dimensional focus, covering all major sectors and industries Current focus with mid market and growing Corporates, while having strong relationships with top business houses in the country E Experienced & S bl M i d Stable Management, l di leading a team of >35 f 35 professionals, 70% of the team averaging 6+ years with Singhi Strong relationship and confidence from existing clients with 60% repeat business and 80% strike rate Live relationship with >250 Corporates, resulting in >800 ve e at o s p w t 50 Co po ates, esu t g 800 completed assignments. CORPORATE RESTRUCTURING DEBT SYNDICATION CORPORATE ADVISORY Global Reach Exclusive Indian Member of “Mergers-Alliance”, a leading international network of independent Investment Banking Firms and Corporate Finance advisory firms offering seamless services on mid-market transactions With the successful closure of more than 90 transactions valued at over Euro 5...
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...Advances: Decision Analysis Structure 7 Page 1 of 45 Ch 08 060502 V06 Developing Objectives and Attributes Ralph L. Keeney Abstract The fundamental objectives of any decision problem should define why the decision maker is interested in that decision. However, listing a complete set of the fundamental objectives for a decision is not a simple task. It requires creativity, time, some hard thinking, and the recognition that it is important. This chapter offers many suggestions to help do the task well and provides criteria to appraise the quality of the resulting set of fundamental objectives. For an analysis of the alternatives in terms of these objectives, an attribute to measure the achievement of each objective is required. Good attributes are essential for an insightful analysis. This chapter also includes many suggestions to help identify or construct useful attributes as well as criteria to appraise the quality of the resulting attributes. Collectively, the fundamental objectives and corresponding attributes provide the basis for any objective function and for any discussion of the pros and cons of the alternatives. CONTENTS Objectives and Attributes Identifying Objectives Listing Values Specifying Objectives from Values Structuring Objectives Desirable Properties of Fundamental Objectives Advances: Decision Analysis Structure Basic Concepts about Attributes Desirable Properties of Attributes Unambiguous Comprehensive Direct Operational Understandable ...
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...A REPORT ON SIX MONTHS STUDENTS INDUSTRIAL WORK EXPERIENCE SCHEME. AT NIKORMA (A SUBSIDIARY OF NIGERIAN NATIONAL PETROLEUM CORPORATION) HEADQUATERS, This located at no.7 lake chart crescent, Maitama. Abuja BY CS/08/1332 IN PARTIAL FULFILLMENT FOR THE REQUIREMENT FOR THE AWARD OF BACHELOR DEGREE IN TECHNOLOGY (B.TECH) IN COMPUTER SCIENCE. MODIBBO ADAMA UNIVERSITY OF TECHNOLOGY YOLA, NIGER STATE OCTOBER 2012 DEDICATION This report is dedicated to the Almighty ALLAH and to my beloved mother and Mrs Aisha Tijjani and her husband also with the entire staffs and students of Surveying and Geo-informatics Federal University of Technology Minna. ACKNOWLEDGEMENT My profound gratitude goes to the Almighty God who saw me through this training program and thanks my parents and siblings who encouraged me when the road seemed too tough, for shelter and financial support. My appreciation goes to the staff of Pipeline and Products Marketing Company (PPMC) especially my supervisor and the staff of Pipeline Right Of Way (PROW) and to all NNPC staff and development control for their kind support and for the knowledge they impacted on me during the period of my training. My thanks goes to the SIWES and ITF coordinators especially the Federal University Of Technology Minna SIWES coordinator, my Head of Department...
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...collapse of Enron. The collapse of Enron is less than three months, which Enron from a very prosperous company to a bankrupt enterprise. The collapse of Enron is one of the most grievous business failures in United States. This disastrous business failure had causes a large number of employees lost their jobs and retirement savings. Groupthink leads groups to make faulty judgments. Groupthink occurs when a group make wrong decisions as the pressures of group lead to deterioration of “mental efficiency, reality testing, and moral judgment”. There are several symptoms of groupthink. The issues to be resolved for Enron are collective rationalization, stereotypes of out-group, illusion of invulnerability, deceit to increase shareholders’ investments and self-censorship. The causes of the case study are illusion of unanimity, self-appointed mindguards, complicated transactions, belief in inherent morality of the group and direct pressure in dissenters. The solutions to the case study are challenge the norms, discuss with trusted associates, forbid related-party transactions for the senior officers, monitor the power of CEO and assign the role of critical evaluator. When there are symptoms of groupthink, there must be solutions to prevent and solve. TABLE OF CONTENTS EXECUTIVE SUMMARY 1.0 INTRODUCTION 1.1 Purpose of the report 1.2 Company Background 2.0 SUMMARY OF THE CASE STUDY 3.0 GROUPTHINK 3.1 Definition of groupthink 3.2 Symptoms of Groupthink 3...
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...Internship Report On Performance Appraisal System Of INTERNSHIP REPORT On “Performance Appraisal System of AB Bank Limited, ABBL” Of HR Division, Head Office. (This report on internship in AB Bank Limited is submitted as a requirment of the partial fulfilment of BBA Program) Report prepared for Probal Dutta (1st), Senior Lecturer, BBS, BRAC University Shantu Kumar Ghosh(2nd) Senior Lecturer BBS, BRAC University. Report prepared by MD. ULLAH AL MAMUN Student ID: 06104007. BBS Department, BRAC University. Date Of Submission 13th May, 2010. BRAC University Students Assertion I hereby announced that the extensive study entitled “Performance Appraisal System of AB Bank Limited, ABBL” (Conducted on behalf of AB Bank Limited, Head Office, HR Division) Prepared in partial accomplishment of the requirements for the award of the degree in Bachelor of Businesss Administration (BBA) From BRAC University BBS Department. Is my original work and not put forward For the award of the any other degree/fellowship Or other similar designation or accolade. …………………………………… MD. ULLAH AL MAMUN Student ID: 06104007. Certificate of Approval The internship report of MD. ULLAH AL MAMUN Student id: 06104007. BBS Department, BRAC University Titled “Performance Appraisal System of AB Bank Limited, ABBL” (Conducted on behalf of AB Bank Limited, Head Office, HR Division) Is approved and is suitable in eminence and...
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...Internship Report On Performance Appraisal System Of INTERNSHIP REPORT On “Performance Appraisal System of AB Bank Limited, ABBL” Of HR Division, Head Office. (This report on internship in AB Bank Limited is submitted as a requirment of the partial fulfilment of BBA Program) Report prepared for Probal Dutta (1st), Senior Lecturer, BBS, BRAC University Shantu Kumar Ghosh(2nd) Senior Lecturer BBS, BRAC University. Report prepared by MD. ULLAH AL MAMUN Student ID: 06104007. BBS Department, BRAC University. Date Of Submission 13th May, 2010. BRAC University Students Assertion I hereby announced that the extensive study entitled “Performance Appraisal System of AB Bank Limited, ABBL” (Conducted on behalf of AB Bank Limited, Head Office, HR Division) Prepared in partial accomplishment of the requirements for the award of the degree in Bachelor of Businesss Administration (BBA) From BBS Department. BRAC University Is my original work and not put forward For the award of the any other degree/fellowship Or other similar designation or accolade. …………………………………… MD. ULLAH AL MAMUN Student ID: 06104007. Certificate of Approval The internship report of MD. ULLAH AL MAMUN Student id: 06104007. BBS Department, BRAC University Titled “Performance Appraisal System of AB Bank Limited, ABBL” (Conducted on behalf of AB Bank Limited, Head Office, HR Division) Is approved and is suitable in eminence and figure Academic supervisor ...
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...CHAPTER ONE Introduction Background: Solar energy has been recognized over the years as a reliable and alternative source of energy. Solar energy is the energy that comes to the earth from the sun. It is commonly known as sunlight. This energy arrives in form of electromagnetic radiation, which is energy that travels in waves. A variety of modern technology is able to capture, convert and distribute solar energy mainly in forms of electricity and heat. The sun is by far the earth’s most available energy resource. If more of it could be harnessed which is just a matter of time, it will provide more than ten times the today’s global demand for energy. It is well recognized because of the energy generation process, which is clean because the source is renewable not a natural resource and it is abundant enough to satisfy the demands of the whole world with future advancements in technology. Solar technologies are broadly characterized into two active and passive. The difference between the active and passive solar techniques is due to their collection, conversion and distribution. The active solar technique which is the main topic is the use of solar energy to replace other sources making it the main supply, while the passive technique is the use of solar energy as a back up or and alternate source of energy incase of any problems with the main supply. The main benefit of solar energy is the fact that it is not only sustainable, it is renewable and this means you can never...
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...CIMA Global Business Challenge Case Study YJ - Oil and gas industry YJ - Oil and gas industry case Industry background Oil is a naturally formed liquid found in the Earth’s crust and preserved there for many millions of years. Oil is being extracted in increasing volumes and is vital to many industries for maintaining industrial growth and for nearly all forms of transportation. Natural gas is used in a wide variety of industrial processes, for electricity generation, as well as for domestic heating. Natural gas is described as the “cleanest” of all fossil fuels, as it generates the lowest levels of carbon emissions of all of the fossil fuels. The Middle East remains the region of the world which has the largest proven oil reserves, with Saudi Arabia alone possessing over 20% of the known global oil reserves. Additionally, the UK’s North Sea and areas in USA, Canada and Russia still have substantial reserves. Also there is an increase in oil and gas exploration being undertaken in, and around the coasts of, Asian and African countries. It is not known how long the world's oil reserves will last. The oil industry has stated that there are only 40 years of proven reserves. However, with improved technology, there is expected to be the ability to extract more oil from known reserves. Therefore, the length of time that oil reserves will last is expected to exceed 40 years. However, another factor affecting the life of oil reserves is the speed of consumption. This had been forecast...
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...for developmental, governmental, non-governmental organizations and UN agencies. The organization is a private limited company registered under the Ethiopian business law on March 2011. Although a fairly young organization, ICM has made its name in brand development, graphic design, creation of promotional materials and printing in the Addis Ababa and Ethiopia market. ICM utilizes sustainable communication methods when providing services to clients. Sustainable communication is about making the best possible use of people and money to deliver maximum impact from minimum resources. It is the Perfect approach to take any organization cares about people, is concerned about climate change and wants to get the best possible return for investment. ICM collaborates with our clients to develop breakthrough insights, strategies, and tactics that communicate, engage and inspire, ultimately making a lasting social impact. ICM Communication Plc believes that to address social and behavioral change, communication initiatives should be supported both at community and institutional levels, as cross cutting strategies to establish common platforms for multiple communication objectives. This will improve the enabling environment, increase access to essential hardware and commodities, strengthen the capacities of service providers and stimulate demand for services, promote adoption of appropriate attitudes and influence positive behaviors across the main social sectors. Communicating...
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