...administration of penalty. At the same time company executives must be aware of not only the legal ramifications of the policies they institute but also the environment they create in the workplace that will aid or harm their ability to hire and retain good workers which is critical to the bottom line. Companies try to resolve these differences in many ways including: Team building exercises, training, group projects, and Zero-Tolerance policies. In fact, one of the fastest growing trends firms are using to combat serious potential problems is the use of Zero-Tolerance Policies. Zero-Tolerance policies are policies that enforce pre-determined punishments for pre-determined offenses. By instituting these policies firms show employees, potential employees, and those outside the company that the environment of this company is and shall be free of certain types of detrimental behavior. Having these policies in place helps to create at a minimum the perception of fairness and also are used in legal proceedings should the need arise. Even with the great benefits of Zero-Tolerance policies...
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...Henri Fayol and Zero Tolerance Policies Lee SCHIMMOELLER1 Abstract Zero tolerance policies have been increasingly popular in both education and business. Henri Fayol was the one of the earliest and influential thinkers in modern management theory. He defined management as a body of knowledge and defined his 14 administrative principles. It is an interesting exercise to apply Fayol’s teachings to the theory of zero tolerance and attempt to determine what Fayol would think of this new management technique. Keywords: Management, Fayol, zero tolerance, administration. JEL classification: B10, L20. Introduction Zero tolerance is a management technique that is finding its way into many of the administration policies of organizations, including the school systems in the United States. Administrative decrees declare that this organization with have zero tolerance for weapons or illegal drugs, or sexual harassment. Administrators often endorse zero tolerance as it makes a strong statement of organizational discipline and takes little discretion which may be criticized. Critics of zero tolerance claim it is ineffective and leads to random punishments such as 10 year olds suspended for 365 days because her mother packed a knife in her lunch to use to cut up her apple. When she opened her lunchbox she immediately turned it in to her teacher but was still suspended‘(American Psychological Association Zero Tolerance Task Force). What would the early theorist of management thought think...
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...available at http://www.emeraldinsight.com/0957-8234.htm JEA 41,1 The ethics of zero tolerance Kevin Gorman Sylvania Northview High School, Sylvania Public Schools, Sylvania, Ohio, USA, and 24 Patrick Pauken Bowling Green State University, Bowling Green, Ohio, USA Received May 2002 Revised September 2002 Accepted October 2002 Keywords Decision making, Ethics, Violence, Schools, Discipline, Legislation Abstract “Zero tolerance” has become the international “buzz word” of the secondary building administrator. As school violence has increased so have the legislative and regulatory policymaking mandates c a l l i n g for increased disciplinary consequences for inappropriate stud ent behavior. Ethical problem-solving and decision-making have taken a back seat to reactive discipline by school officials. Media publicity has forced proactive principals to become reactive impulsive decision-makers. In this article, Starratt’s three-part model for ethical school administration – encompassing the ethics of critique, justice, and care – is applied to a fictional scenario and the ethical dilemma that evolves. Recommendations for practice are offered in a proposed resolution of the dilemma within the context of a central conclusion: if the school administrator of the twenty- first century is to build and maintain an ethical educational setting where all students can learn, zero tolerance cannot dictate the only outcomes for inappropriate student behavior. Journal of Educational...
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...Driving under the influence convictions in the Navy: Does the Navy have to establish a required on punishment? Senior Enlisted Academy Driving under the influence convictions in the Navy In 2009, IS2 Norton was convicted of driving under the influence (DUI) off base in San Diego. His commanding officer took him to Captain’s Mast and convicted him of disobeying a general order. He was reduced in rank to an E4 and forfeited half his pay for two months. In 2012, the same command had three Sailors convicted of DUI off base and they were not awarded non-judicial punishment (NJP). All four sailors had a blood alcohol content over double the state limit of 0.08 (Taylor, 2013). To ensure equality and fairness, should the Navy establish a standard punishment covering DUI convictions? This paper will provide the background, discussion and recommendations on the Navy’s punishment of DUI convictions. Background Information The Navy has seen a 44 percent decrease of DUIs the past four years. However, there were over 2,000 DUIs reported in fiscal year 2011. Additionally, there was over 5,000 Navy-wide alcohol related incidents in the same year which includes Sailors driving under the influence who were originally arrested for DUI but were able to have the charges downgraded to a lesser charge (Port, 2012). While that number seems low, military alcohol use, especially among young service members, is almost twice as high as their civilian counter...
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...Introduction Employment laws have been constituted to ensure fair treatment of employees by employers and to prevent exploitation of employees in the workplace. It is of utmost importance that these laws are completely understood by an organization not only to ensure compliance of these laws but also to create a workplace that is conducive to harness the maximum potential of employees by harboring goodwill, equity and trust between employers and the employees which in turn would lead to higher returns for the shareholders. These laws strive to provide the employees with a fair compensation for the work done, and a safe and non discriminatory workplace. Employee Laws like other laws have evolved over time to respond to the societal and organizational changes. One of the oldest and significant employment laws is the “Fair Labor Standards Act” established in 1938 to set the minimum wage and overtime pay. Another monumental employment law is the Title VII of “The Civil Rights Acts of 1964” that has resulted after a long and passionate strife for equality by Americans. The Title VII of this law deals to tackle employment discrimination on the basis of race, color, national origin, sex, religion, and retaliation. In the year 1967, another law called “The Age Discrimination in Employment Act (ADEA)” was passed to increase the set of discrimination criteria to include age. They have been followed by other very important bills like “Occupational Safety and Health Act of 1970”, “Americans...
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...Student Name: David Mc Namara. Title: Are we moving towards Assisted Suicide? “Those who have exhausted the end seek the right to die with dignity, this is a choice to die, which allows the body to speak its end rather than have that end dictated by the voice of an expert, legal or medical” (Hannifin. 2009, p.84) The person who seeks to die is, to paraphrase Foucault, ‘the Passenger par excellence: that is, the prisoner of the passage’ (Foucault. 1967, p.11) The European Convention on Human Rights sets out a number of fundamental rights and freedoms, right to life, prohibition of torture, prohibition of slavery and forced labour, right to liberty and security, right to a fair trial, no punishment without law, right to respect and family life, freedoms of thought, conscience and religion, freedom of expression, freedom of assembly and association, right to marry, right to effective remedy, and prohibition of discrimination The Council of Europe produced the European Convention on Human Rights and Fundamental Freedoms in 1950. This body was formed in the aftermath of the Second World War to achieve unity among its members in such matters as the protection of fundamental rights. The Convention was drafted after the atrocities of the Second World War. The Convention was signed by the High Contracting Parties in 1950, and came into force in1953. It was ratified by the United Kingdom in 1957. Article 2 of the Convention for the Protection of Human Rights and Fundamental...
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...MANAGING INVESTMENT PORTFOLIOS WORKBOOK A DYNAMIC PROCESS Third Edition John L. Maginn, CFA Donald L. Tuttle, CFA Dennis W. McLeavey, CFA Jerald E. Pinto, CFA John Wiley & Sons, Inc. MANAGING INVESTMENT PORTFOLIOS WORKBOOK A DYNAMIC PROCESS The CFA Institute is the premier association for investment professionals around the world, with over 85,000 members in 129 countries. Since 1963 the organization has developed and administered the renowned Chartered Financial Analyst Program. With a rich history of leading the investment profession, CFA Institute has set the highest standards in ethics, education, and professional excellence within the global investment community, and is the foremost authority on investment profession conduct and practice. Each book in the CFA Institute Investment Series is geared toward industry practitioners along with graduate-level finance students and covers the most important topics in the industry. The authors of these cutting-edge books are themselves industry professionals and academics and bring their wealth of knowledge and expertise to this series. MANAGING INVESTMENT PORTFOLIOS WORKBOOK A DYNAMIC PROCESS Third Edition John L. Maginn, CFA Donald L. Tuttle, CFA Dennis W. McLeavey, CFA Jerald E. Pinto, CFA John Wiley & Sons, Inc. Copyright c 2007 by CFA Institute. All rights reserved. Published by John Wiley & Sons, Inc., Hoboken, New Jersey. Published simultaneously in Canada. No part of this publication may be reproduced...
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...“Death Penalty” Furman was a poor black man living in Georgia when he broke into William Joseph Micke, Jr’s house, Mr. Micke went downstairs to investigate and saw William Furman in his house with a gun. Furman began to flee the house but tripped in the process and fired the gun accidently shooting Mr. Micke in the chest and killing him instantly. Furman was later found by the police still carrying the gun and arrested for murder. This case is known as Furman v. Georgia and was taken to the Supreme Court on the fact that the death penalty in Georgia violated the Eighth Amendment of the U.S. Constitution. This is a landmark case because “The significance of Furman v. Georgia is that this case was the first case that was ruled violating the Eighth amendment and that it halted every man on death row in the United States” (study). But before the case reached the Supreme Court the case went on trial September 20, 1968 where Furman pleaded mentally ill and insane, the court rejected his plea and found him guilty of murder. Then, Furman appealed his conviction and sentence, based on the death penalty in Georgia violating the Eighth Amendment of the U.S. Constitution . The Eighth Amendment says the federal government may not use "cruel and unusual punishments” (Henson). The case was later tried in the Supreme Court January 17, 1972. The justices who won majority and reversed the case were William J. Brennan, Jr., William O. Douglas, Thurgood Marshall, Potter...
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...Da Nang University of Economics Sunderland University Degree Programme RECRUITMENT, SELECTION AND DEVELOPMENT OF INDIVIDUALS AND TEAMS By: Truong Thao Nguyen (Anne) SUD-11 October, 2013 Da Nang Table of Contents Introduction 12 Scenario Analysis 13 Employee recruitment, selection and retention procedures 13 Styles and attributes needed for leadership 27 Trait theory and behavioral theory 27 Acme and Omega Case Study Application 30 The leadership and management style 31 A comparison of leadership and management style 31 The application of leadership and management style in Acme and Omega case 33 Leadership styles in different situations 35 Blake and Mouton’s managerial style 35 LPC contingency theory: different leaders for different situation 38 Situational leadership theory: leaders should adapt to situation 42 The suggestion improvement for Acme and Omega leadership styles 45 Motivation theories and the application 46 Alderfer’s ERG Theory of Motivation 46 Mcgregor’s Theory X and Theory Y 47 Expectancy Theory 49 The application of motivation theories on Acme and Omega case 52 Working effectively in a team 55 References 56 Appendix: Acme and Omega Case Study 59 Introduction The assignment focuses on the recruitment, selection and development of individuals and teams. The employee recruitment and selection practical excises is used for the objectives of the course...
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...What is an ideal management control system Management control is a process of assuming that resources are obtained and used effectively and efficiently in the accomplishment of the organization’s objectives. It is a fundamental necessity for the success of a business and hence from time to time the current performance of the various operations is compared to a predetermined standard or ideal performance and in case of variance remedial measures are adopted to confirm operations to set plan or policy. Features of management control system Total System: MANAGEMENT CONTROL SYSTEM is an overall process of the enterprise which aims to fit together the separate plans for various segments as to assure that each harmonizes with the others and that the aggregate effect of all of them on the whole enterprise is satisfactory. Monetary Standard: MANAGEMENT CONTROL SYSTEM is built around a financial structure and all the resources and outputs are expressed in terms of money. The results of each responsibility centre in respect to production and resources are expressed in terms of a common denominator of money. Definite pattern: It follows a definite pattern and time table. The whole operational activity is regular and rhythmic. It is a continuous process even if the plans are changed in the light of experience or technology. Coordinated System: It is a fully coordinated and integrated system. Emphasis: Management control requires emphasis both on the search for planning as well as...
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...The Influence of Music on Self and Society - Values in Music in Eastern and Western Cultures David Eaton July, 2003 Throughout history the unspoken but highly evocative language of music has exerted powerful influences on individuals and societies alike. Felix Mendelssohn once remarked that music is more specific about what it expresses than words written about those expressions could ever be. That music has the power to express, convey and illicit powerful emotions is without question, however the issue of music's moral and ethical power, and how that power affects individuals and societies, is one that receives too little attention in our post-modern world. Ancient cultures held strong beliefs in the moral and ethical power of music and as such it was imperative for artists within those cultures to exercise a certain moral and ethical responsibility in their creative endeavors. As a professional musician for over thirty years I concur with that premise and it is primarily from the axiological, rather than a theoretical or aesthetic viewpoint that I approach this discourse. The responsibility of artists to the social environment in which they live and work is something that I have always had strong sentiments. As we now find ourselves beginning a new millennium, questions with regards to music's origins, its spiritual, religious and mystical properties, its moral and ethical power, its transcendent qualities, the role of the arts and artists and the importance of art in general...
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...INTERNATIONAL FOREIGN EXCHANGE RESERVES BULGARIAN NATIONAL BANK Celebrating the BNB 130th Anniversary INTERNATIONAL FOREIGN EXCHANGE RESERVES Edited by Tsvetan Manchev, Doctor in Economics BULGARIAN NATIONAL BANK 2009 International Foreign Exchange Reserves Abbreviations BNB GDP BIS b.p. EIB EC EU ESCB ECB LBNB М1 М2 М3 IMF ERMII Fed − the Bulgarian National Bank − gross domestic product − the Bank for International Settlements − basis points − the European Investment Bank − the European Commission − the European Union − the European System of Central Banks − the European Central Bank − the Law on the Bulgarian National Bank − narrow money − М1 plus quasi money − broad money − the International Monetary Fund − Exchange Rate Mechanism II − the Federal Reserve System © The Bulgarian National Bank, 2009 © 2009 by Tsvetan Manchev et al. ISBN 978-954-8579-30-8 Published by the Bulgarian National Bank 1, Knyaz Alexander I Square 1000 Sofia telephone +359 2 9145-750 facsimile +359 2 980 2425, 980 6493 www.bnb.bg 2 International Foreign Exchange Reserves Contents Introduction ......................................................... 11 PART ONE. Chapter 1. 1. 2. 3. 4. 5. THE THEORETICAL FOUNDATIONS Nature and Function .......................................... 19 Definition ............................................................. 19 Gold as a Foreign Reserve Assets ...................... 20 Reasons to Own and Use Foreign Reserves ...... 23 The...
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...3 The Regulatory System in the United Kingdom This chapter examines the regulatory system currently in place in the United Kingdom. It provides an overview of the structure and objectives of regulation, the role of the regulator and the techniques that are employed in regulating firms and individuals who engage in investment business. 3.1 Background: the financial crisis and regulatory reform 3.1.1 Responding to the financial crisis In the UK, as elsewhere, the onset of the financial crisis exposed deficiencies in financial regulation and led to calls for regulatory reform. The Treasury Select Committee1 led the way, with its hearings into the collapse of Northern Rock exposing serious deficiencies in supervision and risk management.2 In October 2008, the Chancellor of the Exchequer asked Lord Turner, the newly appointed chairman of the FSA, to review the causes of the crisis and to make recommendations on the changes in regulation and supervisory approach needed to create a more robust banking system for the future. The Turner Review3, published in March 2009, made a 1 The Treasury Select Committee is a Parliamentary (House of Commons) committee that scrutinises the activity of the regulatory authorities in the UK. 2 See House of Commons Treasury Committee, The Run on the Rock HC 56-1 (Fifth Report of Session 2007-08). 3 FSA, ‘The Turner Review, A regulatory response to the global banking crisis’ (March 2009) at http://www.fsa.gov.uk/Pages/Library/Corporate/turner/index...
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...Principles of Project Management Course Outline Volume I About the Microsoft Project Screens .........................................................................iv Segment 1. The Background of Project Management (Includes PMBOK® Guide Chapter 1 & 2) ....................................................................................................... 1 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.9 1.10 Introductions, course materials, housekeeping & homework Definition, examples and characteristics of projects About Project Management Institute & other PM organizations Projects and emerging industries Programs & portfolios and project management office Environmental enterprise factors and organizational process assets Project & product life cycles Stakeholders Organizational structures & influences Segment 1 questions......................................................................... 22 Segment 2. The Gospel According to PMBOK® Guide (Includes PMBOK® Guide Chapter 3) ........................................................................................................... 27 2.1 2.2 2.3 2.4 2.5 2.6 2.7 2.8 3.1 PMBOK® Guide Organization Initiation processes Planning processes Execution processes Monitoring & controlling processes Closing processes Course Guide Exercise: Memorize the process matrix ............................................... 46 Project Assessment 3.1.1 Benefit Measurement Methods 3.1.1.1 Life Cycle Costing & Net Present Value 3.1.1.2 Internal Rate of Return...
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...Q.1) Explain briefly features of an IDEAL management control system? Management control is a process of assuming that resources are obtained and used effectively and efficiently in the accomplishment of the organization’s objectives. It is a fundamental necessity for the success of a business and hence from time to time the current performance of the various operations is compared to a predetermined standard or ideal performance and in case of variance remedial measures are adopted to confirm operations to set plan or policy. Some of the features of MANAGEMENT CONTROL SYSTEM are as follows: ➢ Total System: MANAGEMENT CONTROL SYSTEM is an overall process of the enterprise which aims to fit together the separate plans for various segments as to assure that each harmonizes with the others and that the aggregate effect of all of them on the whole enterprise is satisfactory. ➢ Monetary Standard: MANAGEMENT CONTROL SYSTEM is built around a financial structure and all the resources and outputs are expressed in terms of money. The results of each responsibility centre in respect to production and resources are expressed in terms of a common denominator of money. ➢ Definite pattern: It follows a definite pattern and time table. The whole operational activity is regular and rhythmic. It is a continuous process even if the plans are changed in the light of experience or technology. ➢ Coordinated System: It is a fully coordinated and integrated system. ...
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