...Final Report on Case Analysis: “The Barings collapse: breakdowns in organizational culture and management” Prepared by: Valeriya Yun ID: 201005032 SolBridge International School of Business, 2012 Introduction How it is possible that one person became an important reason for the world-known financial institution collapse? But it is, and this guy is Nick Leeson who brought the Barings bank to bankruptcy with losses of $1.4 billion, even though here he played an antihero role we cannot deny his talent. This paper provides an analysis of the case, introduction of the whole picture depicted in the case, Nick Leeson activities and operations, and of course assessment of internal control and some other problems in their structure which also influenced the bank collapse. An analysis is followed by conclusion and final recommendations. Barings Bank overview Barings Bank was founded in 1762 and in the beginning of the 1980s still had a reputation as one of the oldest in England and world’s most pre-eminent financial institutions. During their long history they have already been on the edge but that time they were saved by the Bank of England. But in 1995 as a result of Nick Leeson activities, the Barings Bank collapsed. In 1980s there was a vogue to buy or acquire stockbroking and jobbing firms and Barings Bank followed the tendency and bought Henderson Crosthwaite and built up the significant business BSL which had an operational independence of Barings Brothers &...
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...In any given society there are a number of things that are inseparable from the people and one of them is religion. Religion is an important part of human life that contains and maintain human beings to keep going from one step to another. Utah tends to be among the areas that has lived according to his will and it is sighted by its culture that dwells in his presence (God). However, religion is diverse within the area since it is divided among different religion like Catholics, evangelicals, Protestants, Buddhism, Jehovah, Islam and the church of Jesus Christ of Latter-day Saints. Therefore, the largest group of people in the area are believers of Christ thus making them to be Christians. This paper focuses on explaining the reasons why most of the people are Christians, the history of the religion and why a large percentage of the people are believers in Jesus Christ of Latter-day saints church. History has it that Christianity takes about 60% of the population in state of Utah thus making one of the main religion in the great depression. As far as religion is concerned religion has made the state to grow both socially and economically since most of the people are business men...
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...1. Problem Outline The object of my examination will be a case in the company I work for - Bank. Bank is the biggest bank in B, part of the leading European financial group V with about 4000 employees, over 1.3 million customers and more than 230 branches all over the country. Bank is number one in Corporate banking, Private banking and Investment banking. Also it is among the first banks in Retail banking. As a leading financial force in my country Bank has its main goal – to remain its first position and become number one in Retail banking, too. Its aim is to become well recognized and preferred brand among the people. The purpose of the management is the customers to be attracted by the perfect customer service than the prices. It is like to buy Levi's pair of jeans, or Mercedes or BMW - when you buy it you know it is expensive, but famous and quality brand. To do this BANK has to look into a powerful force – its employees. The employees are powerful tool who can act as propulsion of the intended ideas to be achieved. According to the desired goals in 2011 Bank started a new stimulus program for the commercial part of the employees. With this program Bank tries to enhance this force to face and use the opportunities and challenges. The bank through its staff has to give simple answers and original and individual solutions. The bank is still complicated institution for many of the regular customers. The management of the company has to delegate to the commercial staff...
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...Jia Le Su 3/1/14 742 ELA Step Towards True Equality Jessica Lange, a famous actress once beautifully stated, “Acceptance and tolerance and forgiveness, those are life altering lessons.” Acceptance and tolerance mean appreciating the differences in people and respecting people for who they are. When one is tolerant, they understand and reverence others that have a different gender, ethics, feelings, and behaviors than them. In the stories “The Scarlet Ibis” written by James Hurst, and “Raymond’s Run” written by Toni Cade Bambara, the authors depicted the relationships with disabled siblings. These relationships could have a significant impact on these siblings’ life later on. Notwithstanding bearing the fact that Doodle’s brother and Squeaky previously displayed infinitesimal tolerance towards their younger siblings’ incapacity, the differences that it unfold in their stages of tolerance as the stories continue are relatively remarkable. Initially, a similarity relating to tolerance found in “The Scarlet Ibis” and “Raymond’s Run” is how both Squeaky and Brother both take care their disabled sibling. In the short story “The Scarlet Ibis,” Doodle was the younger brother who was born with physical disabilities. The narrator, who was known as Brother in the story supervises Doodle because he was determined to make Doodle to become his ideal brother. Specifically on paragraph 10 Brother remarked, “ When Doodle was five years old, I was embarrassed...
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...complete a Learning Development Plan (LDP). Part of the LDP involved writing a lesson plan which was then taught to a student under the supervision of my mentor. A copy of the lesson plan can be found within the LDP. An assessment plan was then used to evaluate the learning that had taken place and to assess the competency of the student. I am employed as a Paramedic Practitioner by a National Health Service (NHS) Ambulance Trust and I decided to teach the skill of Intubation to a student Paramedic. The lesson plan included assessing the level of knowledge of my student at the start in order to pitch the lesson at the right level. Gopee (2008:47) cites Ausubel et al (1978) on the view that most meaningful cognitive learning takes place as a result of interaction between the knowledge the individual already processes, and the new information that the individual encounters. Thus the most important factor influencing the learner is what the learner already knows. In order to assess my student, I used the Airway Management assessment sheet currently in use by my Ambulance Trust (NHS Ambulance Trust (name withheld) 2010), a copy of which can be found in Appendix 1. Following the assessment, I provided the student with constructive feedback on both the session and their assessment. So What? – Honey and Mumford (2000) have identified four main learning styles – Activist, Pragmatist, Reflector and Theorist and from previous exercises I had done during the mentorship module I...
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... | | | |The two police officers are the moral agents. The problem is that although the officers are convinced the man was driving and there| |was likely a domestic violence situation, the requirements of the law have been met which would allow the officers to make an | |arrest on either charge. | |What are the most important facts? Which facts have the most bearing on the ethical decision presented? Include any important | |potential economic, social, or political pressures, and exclude inconsequential facts. | |Officers Nixon and Rook were dispatched on a domestic violence call. From all appearances, when they arrive, the husband had been | |driving and the wife had called the police about domestic violence. In this jurisdiction, however, a DUI can be charged only if the| |police actually observe the person driving, and neither officer witnessed husband driving. Also, to make an arrest for domestic | |violence, the officers must have witnessed the assault or notice visible marks, and neither of these things happened either. No | |arrest can be made on either charge. If there were an arrest on either charge, they would be thrown out. | | ...
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...1 LESSON- 1 ENTREPRENEUR AND ENTREPRENEURSHIP Dr. Jyotsna Sethi STRUCTURE 1.0 Introduction 1.1 Objectives 1.2 Entrepreneurship as a Career Option 1.3 Concepts and Definitions 1.3.1 Entrepreneur 1.3.2 Entrepreneurship 1.3.3 Enterprise 1.3.4 Difference between Entrepreneur and Entrepreneurship 1.4 Role of Entrepreneurship in Economic Development 1.4.1 Entrepreneurship and Economic Development 1.4.2Entrepreneurship and Education 1.5 Functions of an Entrepreneur 1.6 Innovation 1.7 Risk and Uncertainty Bearing 1.8 Organization 1.9 Functions Performed by an Imitator Entrepreneur 1.10Entrepreneur vs. Manager Relationship 1.11 Summary 1.12 Glossary 1.13 Self-Assessment Questions 1.14 Further Readings 1.0 INTRODUCTION Do you know that there are millions of unemployed youth in the country and by the time you graduate, this number would have increased substantially? Do you want to be part of that group which keeps knocking from pillar to post, checking with employment exchanges, relatives, friends, and neighbours and still not able to get a job to their liking and then settle for a second or third rate job? You can also choose to be like Mr. Patel of Nirma who was a chemist’s assistance and has a Rs. 2500 crore company today. Did you know that the original Mr. Bata was a cobbler? And now has stores in more than 30 countries all over the world. Or...
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...Executive Summary Bank of America Bank of America Corp. Group Members: Mary Bruton Shawn Harsaran Carlos Leal Tom Egurrola Jennifer Stanis Broward College MAN4720 September 09, 2013 Professor James Popino According to Bank of America, they’re focusing on creating real, meaningful connections with individuals, businesses and communities to help them connect with what matters most. Bank of America is proud to partner with 57 million customers, bringing them skills and expertise, to help make their financial lives better. (Bank of America company overview, n.d). These ideas and objectives are further exemplified through Bank of America’s mission and vision statements, as well as its objectives and strategies. Mission Statement According to David (2011), the mission statement answers the question “What is our business?” A mission statement is more than a statement of specific details; it is a declaration of attitude and outlook. Bank of America’s mission statement is “We built Bank of America to meet the fill range of financial needs for people, businesses, and institutional investors; to attract the best employees to serve our customers and clients; to support the communities where we do business; and to create long-term value for our shareholders.” Vision Statement According to David (2011), a clear vision provides the foundation for developing a comprehensive mission statement. Bank of America’s vision statement is “Our vision...
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...and Corporate Governance – LEG 500 August 21, 2011 1. Betty drove three hours in one-hundred degree heat. Explain if this fact has any bearing on whether or not the dealer must perform in accordance with the published advertisement. The fact that Betty drove three hours in one-hundred degree heat has no bearing on whether or not the dealer must perform in accordance with the published advertisement. Betty chose to drive three hours based on the advertisement because she wanted the truck that was being advertised in the newspaper. According to the video, Betty contacted the dealership and spoke with a man, as she indicated, who said he would give her three thousand dollars firm for her trade in. Betty entered the dealership with the newspaper in hand that showed the advertisement for the truck priced at $11,399 and was determined to purchase the truck. Tony was determined to deter Betty from the advertised truck by describing other trucks that were available at a higher price. Tony's sales tactic is known as bait and switch advertising. According to Wikipedia, bait and switch advertising is a way to lure customers into a business by offering to sell a product or service that the advertiser does not intend or want to sell. Once the customer enters the business the salesperson tries to switch the customer from purchasing the advertised merchandise to purchasing something more expensive. In the video, Tony tried to convince Betty to purchase a more expensive...
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...Disorder. Should the Corrections Office base his recommendation | |taking into account husband's Post Traumatic Stress Disorder, or just base on a literal interpretation of the law? | |What are the most important facts? Which facts have the most bearing on the ethical decision presented? Include any important | |potential economic, social, or political pressures, and exclude inconsequential facts. | |The husband served to our country, he was POW, and this resulted in extreme traumatic. The fact of the third conviction cannot be | |ignored. Social and political pressures may force the judge to sentence the husband harshly , regardless of past trauma | | | | | | | |Identify each claimant (key actor) who has an interest in the outcome of this ethical issue. From the perspective of the moral | |agent—the individual contemplating an ethical course of action—what obligation is owed to the claimant? Why? | |Claimant |Obligation (owed to the|Perspective (What...
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...Elements of a Marketing Plan Report XXXXXX MKT/421 April 13, 2016 XXXXXX * Elements of a Marketing Plan Report In this day and age marketing strategies must keep up with the changing time in technology and how society sees the world in order to stay relevant. Marketing is a business technique used by companies to maintain, satisfy, and make a profit from their customers while staying successful. The company chosen to be discussed in this paper is Netflix. First, this paper will explain the specific key environmental forces created for opportunity for the company. Second, it will discuss five environmental forces and trends to influence the company’s marketing efforts and future product offering. Then, this paper will explain what differentiation strategy the company should undertake to encourage their target market over other competitors. Lastly, it will analyze lessons learned from the Geek Squad case study. Environmental Forces Netflix is a DVD rental and online streaming service. The key environmental force created for the company when they first started out is the DVD mail service. Before there was Netflix, customers had to go to rental stores such as Blockbuster to rent movies. One issue that customers would have is the stores running out of the movies they wanted or possibly not even carrying those movies to begin with. Shipping the movie gives customers more time and takes less energy than having to drive to the store to pick out what movies they...
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...without the supervisor signature and the created another one to | |cover up his mistake | |What are the most important facts? Which facts have the most bearing on the ethical decision presented? Include any important | |potential economic, social, or political pressures, and exclude inconsequential facts. | | | |The most important fact is that the second statement stated that they saw the suspect driving the car and parking it. | | | | | | | |Identify each claimant (key actor) who has an interest in the outcome of this ethical issue. From the perspective of the moral | |agent—the individual contemplating an ethical course of action—what obligation is owed to the claimant? Why? | |Claimant |Obligation (owed to the|Perspective (What does the claimant hope will...
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...Tagore said "Facts are many, but the truth is one." A text book should be such that it helps pupil to understand the truth from the facts. Beacon “Text book designed for classroom use.” Language “Text book is a standard book for a special branch of study.” American Text Book Publishers Institute – A true text book is one specially prepared for the use of pupils and teachers in a class of a school, presenting a course of study in a single subject or closely related to the subject. Education is a tri-polar process. It’s poles are teachers, students, and content. The content or the subject matter is the all intervening variable. It helps the interaction between the teacher and the pupil. A teacher cannot successfully carry out his/her assignment of imparting knowledge to the pupil in absence of proper content. Text books are designed in organised and methodical manner to suit the requirements of both teachers and students and for the ultimate goal of knowledge transfer. Characteristics of a Good Text Book The teacher and the pupil should be aware of the important characteristics that make a good and effective text book. Some of the important characteristics of a good text book are enumerated below: 1. Get-up * Get up i.e. the look and feel of the text book should be attractive to attract attention of the target segment (in this case students and teachers). This has a psychological impact on the learning process. * Printing and get-up of the books should...
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...Case Study Carrol Godwin Southern New Hampshire University HCM 500 1. What if the study had shown the emergency department (ED) was implementing a lab information system rather than an EMR, How would that impact patient flow? Explain. 2. What would have changed if the implementation was planned for the early summer or late spring? 3. What elements are needed in order to ensure patient safety? 4. Depending on your discipline, address one of the following questions (you may respond to both, if desired): As a nurse manager, what would you like to have seen done differently with the implementation? As the office manager, you oversee the staffs who admit patients to both the ED and overflow clinic. What could you have done differently to make the implementation go more smoothly? 5. The next phase of the EMR implementation plan involves the ICU and NICU. What recommendations would you make to modify the implementation plan based on the ED experience? Explain. 6. After reading this case, how will you use the lessons learned to implement your group project? In my case study I will discuss the impact on the workflow in the Emergency Room (ER) when lab information system is implemented. I will discuss any impact on the patient flow thru the ER and the turnaround time (TAT) for lab results and any effects on the patient’s length of stay (LOS). I will discuss patient safety issues and what is needed to insure the institutions goals are met. I will look at the implementation...
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...John Dewey From the Middle Works It is difficult, if not impossible, to define the proper relationship of theory and practice without a preliminary discussion, respectively, (1) of the nature and aim of theory; (2) of practice. A. I shall assume without argument that adequate professional instruction of teachers is not exclusively theoretical, but involves a certain amount of practical work. The primary question as to the latter is the aim with which it shall be conducted. Two controlling purposes may be entertained so different from each other as radically to alter the amount, conditions, and method of practice work. On one hand, we may carry on the practical work with the object of giving teachers in training working command of the necessary tools of their profession; control of the technique of class instruction and management; skill and proficiency in the work of teaching. With this aim in view, practice work is, as far as it goes, of the nature of apprenticeship. On the other hand, we may propose to use practice work as an instrument in making real and vital theoretical instruction; the knowledge of subject-matter and of principles of education. This is the laboratory point of view. The contrast between the two points of view is obvious; and the two aims together give the limiting terms within which all practice work falls. From one point of view, the aim is to form and equip the actual teacher; the aim is immediately as well as ultimately practical. From the other point...
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