Employees Incentive System Essay Example | Topics and Well Written Essays - 3500 words

Employees Incentive System - Essay Example "These collective risks are being operationalized in incentive programs that often impact as much as 30% of a manager's income" (Tully, 1995; Schraeder and Becton, n.d.). As the threat of global trade liberalization looms, "competitive pressures" on business organizations will continue to expand. Therefore, business organizations must take the necessary steps in order to become more "innovative, productive, and efficient". [In order to remain more competitive], business organizations have to make use of all its "resources" in order to maximize the usefulness of its "operations" (Scharaeder and Becton, n.d.). And labor, being the most essential part of expenditure of the business, must be utilized to the fullest by developing and adopting "compensation strategies such as incentive programs [in order to] align individual motivation and goals with the objectives of the organization (Scharaeder and Becton, n.d.). This caused the organizations to "continually faced" with problems of maintaining and energizing excellent employees and "elevating additional business units into the upper echelon of excellent performance". "It is within the confines of these t wo separate, but related challenges that an organization must differentiate between employee recognition and performance improvement" (Driving excellence to the bottom line, n.d.). U.S. business organizations are now being encouraged to adopt employee's incentive programs in order to improve and encourage employees' performance, improve overall operation of the firm, and thereby promote peace and harmony among the work force especially on management-employees relationships. It has long been proven by a variety of research and studies that the performance of the employees can be enhance or influence by the way they are managed (Delaney and Huselid, 1996). The "National Organizations Survey" survey on 590 profit and non-profit companies has proven the "positive associations between human resource management (HRM) practices, such as training and staffing selectivity, and perceptual firm performance measures. [The study also] further suggests the methodological issues for consideration in examinations of the relationship between HRM systems and firm performance" (Delaney and Huselid, 1996). Now, it is evident that more and more companies are tapping into the advantages of employee incentive programs in order to remain competitive. "The National Association of Manufacturers surveyed 4,500 companies to follow up on prior studies examining skill level of workers and common human resource practices. They found that 54% of these companies offered some type of bonus plan and another 35% offered some type of gain-sharing or pay for performance program" (Micco, 1997; Schraeder and Becton, n,d,). Furthermore, employee incentive programs are now being use by the reputable U.S. companies. "As an example, Pagoago and Williams (1993), by using the Hay survey to study 1,256 hospitals and 350,000 individuals in the healthcare field, has found out that more than half of the surveyed hospitals are adopting various kinds of employee incentive programs and "that a growing number of these organizations used contingent pay such as discretionary bonuses, skill based pay, and team based pay. It is also interesting to note that survey results indicated a significant

Throughout Ken Keseys tremendous novel Essay Example for Free

Throughout Ken Keseys tremendous novel Essay It is another meeting though with McMurphy which causes the most drastic and evident change to Chief Bromdens character. In the midst of a bed time conversation with the Chief, McMurphy gives him a packet of chewing gum, the Chief replies Thank you. The chief then goes on to state this again. This comment from the Chief can be taken in two separate ways; metaphorically the Chief has said thank you to McMurphy, but, on the other hand he has thanked McMurphy for the allowing him to open up and talk and realise that he is not, in fact, insane. As well as that, it also shows how all along McMurphys inclination about the Chief was right. During that night time conversation with McMurphy the Chief talks about how small he is, demonstrating how the combine has affected him. Youre lot bigger, toughern I am. McMurphy then replies, You stand a head tallern any man on the ward. There aint a man here you couldnt turn every way but loose, and thats a fact! The Chief then dismisses this comment No. Im way too little. I used to be big, but not no more. Youre twice the size of me. This repetitive negative, Not no more, illustrates how he feels negative towards himself too, and how broken a man he is due to his time spent in the combine. McMurphy realises that, with the size of the Chief, he could use him to lift the control panel which he hadnt been able to lift at the beginning of the novel. He begins to build up the chiefs morale by complementing him in a descriptive metaphor, giving an image of how life will change for the good, Oh man I tell you, youll have women trippin you and beatin you to the floor. He offers him a free place in his special body-buildin course, and as McMurphy walks down the hall to sign the Chief up for the fishing trip he pulls the covers off him and states Look there, Chief. Haw what did a tell ya? You growed a half foot already. This again is used by McMurphy to build Chief Bromdens self image. Due to the character building of McMurphy and the Chiefs ability to find the cause of his illness he grows into a new man, a man able to be rebellious and able to pull away from the tight grasp which the combine has upon him. This point of rebellion expresses the Chiefs refusal to mop the hall. They stuck a broom out for me to do their work up the hall, I turned around and walked back to the dorm, telling myself, the hell with that. This emphasises the change in Chief Bromdens character as he is now confident enough to refuse duties from the black boys. This alliteration in the description of the boys is used extensively throughout the novel, emphasisng there colour, in 1962 (when it was first published) there was a lot of racism, white people were far more superior, and also their age, showing how even boys are running the institute, telling the white men what to do. But the main change to the Chief is his ability to laugh. I could look down and see myself with the rest of the guys and watch them, us, swinging in laughter. This is an effective use of imagery, as this metaphor emphasises how the Chief has grown mentally stronger as a man, as earlier on in the novel he states, You cant really be strong until you can see the funny side to things. His mental strength is illustrated through his physical strength in the shower room. So I picked him off and threw him in the shower. He was full of tubes; he didnt weigh moren ten or fifteen pounds. Demonstrating how McMurphys plan of making the Chief grow back to his real size is working. The character of Chief Bromden develops even further as when he notices a fog being produced by the combine and refuses to, slip off and hide in it. No never again, as he knows, this time I had them beat, thus emphasising how he has nearly recovered from his sickness. Finally the Chiefs transformation is complete, when McMurphy comes back down to the ward after his lobotomy the chief kills him out of compassion and escapes by throwing the control panel at the screened window. After the lobotomy, McMurphy states that he cannot do things like he used to, hobbled like this, the metaphor highlights that the institute has now got total control over McMurphy, even though he is not literally hobbled, as in cannot walk properly, he cannot think for himself, is a vegetable, he is hobbled. However though, the path the Chief ventures out on after escaping from the hospital is the same as the ill fated dog took earlier on in the novel when chasing a goose as it met the oncoming headlights of a vehicle, thus emphasising the battle between animals and machinery and how machinery will always win. In conclusion Chief Bromdens character develops extensively through out the novel from being a fully fledged member of the chronics to conversing with McMurphy and even going on a fishing trip with the other patients. As the novel develops the Chief grows back to his original size, commits an empathy killing on McMurphy to save him from the life of a chronic and escapes from the grasp of the combine. However, the reader is left in a state of uncertainty at the end of the novel as they are unsure whether the story is being told by the Chief as a free man out with the hospital or if the combine have taken him back into their tight grasp and he is telling the story from recollection to another inmate. Show preview only The above preview is unformatted text This student written piece of work is one of many that can be found in our GCSE Ken Kesey section.

A Marketing Plan For Lipton Ice Tea Marketing Essay

A Marketing Plan For Lipton Ice Tea Marketing Essay In 2005, the tea industry reached the $1.7 billion category and it is expected to continue growing indefinitely (Mintel 2005). Market analysts believe the tea industry will continue to boom and is not expected to reach saturation level in the near future. The favorable movement in the tea industry can be attributed to two major factors: a) consumers need for convenience and time-saving services; and b) the positive press given to tea. American lifestyle and work habits have made convenience a necessity. As employers demand for productivity from their employees, consumers are more pressed for time. In addition, the shaky economy has made Americans fear for their jobs; thus, any product that can fill the consumers need for convenience and speed are almost automatically embraced into the American lifestyle (Mintel 2005). For the last decade, the health benefits of tea have gained wide coverage in the media. Studies continue to show the beneficial properties of teas, with health benefits ranging from lower cholesterol levels to improve arterial health and decreasing chance of cancer. This positive press has definitely catapulted the demand for tea (Mintel 2005). Both the need for convenience and positive press on tea have spurred an increase in sales of tea products, specifically ready-to-drink (RTD) teas sold in single-serve containers (Mintel 2005). Recognizing this trend, various companies in the tea industry have come up with innovative products to take advantage of the booming market for ready-to-drink teas. Lipton tea, one of the global leaders in refreshment brands, launched new products to meet the growing the need for ready-to drink teas and introduced innovative product line to capture the health- conscious market. For over a century, Lipton has been dominating the world tea market with the companys tea-based drinks including leaf tea, infusions and ready-to-drink tea. Its success has been attributed to the firms strong focus on innovation and the expertise of its tea specialists- professionals in tea-growing, tasting, buying, blending and RD teams (Wikipedia 2007). One of the main driving forces for Liptons success is the companys source of tea. Lipton teas are sourced from various plantations in well-know tea-producing countries such as India, Indonesia, Kenya and Sri Lanka. It maintains specialized tasting rooms in seven regional located across the globe. Presently, Lipton has about 30 different tea blends (Wikipedia 2007). As Lipton is a part of the Unilever global consortium, the company ensures that its tea producing farms do not only yield high-quality product but also protect and improve the natural environment and livelihood of workers and local communities. Liptons plantations in East Africa have been working with third party estates to ensure compliance with Unilevers sustainable agriculture guidelines and the Ethical Tea Partnership criteria (Wikipedia 2007). As part of Lipton teas drive to capture the booming market for ready-to-drink teas, the Anglo-Dutch Unilever Company entered into a joint agreement with American PepsiCo in 2003. Through the joint venture agreement, PepsiCo distributes or markets Lipton tea products, specifically Lipton Ice Tea in more than 60 countries where PepsiCo has established its corporate presence (Wikipedia 2007). The 50-50 JV Pepsi Lipton International is the latest move in Unilevers Path to Growth strategy which has mostly involved the disposal of non-core businesses rather than support for existing brands (Unilever-PepsiCo 2003). In a press statement, Unilever announced that the joint agreement with PepsiCo has two main goals: to move the Lipton brand into new distribution channels and into new markets. While Unilever claims that Lipton is the leader in the 16-billion liter world market for ready-to- drink tea, its presence remains slim in a number of key markets; thus, the agreement with PepsiCo is expected to address such concern (Unilever-PepsiCo 2003). Unilever stated that the [50-50 JV Pepsi Lipton International] will target the white space markets where Lipton has no current presence and it is anticipated that significant business opportunities will come from the key high-potential markets where Pepsi is already strong (Unilever-PepsiCo 2003). PepsiCo is expected to build the sales of the Lipton ice tea in 60 countries including Brazil, Spain, Greece, Poland, Czech Republic, Slovakia, Hungary, Albania, Romania, Thailand, Singapore, Vietnam, Australia, Turkey, Egypt, Saudi and the six Gulf States. The Pepsi Lipton International venture is a logical expansion of an earlier collaboration between the two companies. The Pepsi Lipton Tea Partnership was set up by the two companies some 10 years ago to expand sales in the North American market, and is now firmly established as the leading RTD tea player in both the United States and Canada. With the aim of achieving a similar level of market dominance in the rest of the world, the latest joint venture will aim to leverage the strengths of both parents. It will principally sell ready-to-drink tea concentrate to franchise bottlers for distribution by Pepsi. As the worlds largest tea producer, Unilever will bring the brand, knowledge of the tea industry and a substantial research and development capability to the JV; Pepsi will contribute access to its extensive bottling and distribution network with strong customer relations (Unilever PepsiCo 2003). Customer Analysis There are two major target markets for ready-to-drink ice tea. One group is the consumers on the go. These are the employees, students, and other consumers who lead a busy lifestyle. The hectic American lifestyle demands for optimize productivity with lesser time- consumption. Thus, there is a need for products that are accessible and readily available. Convenience has dominated the market, particularly the food and beverage industry. The other group is made up of health conscious consumers, specifically the baby boomers who patronize anything healthy. The positive reviews as well as the studies on the benefits of tea drinking have stirred an interest in tea drinking. Representing about 10 percent of the world market for tea (Wikipedia 2007), Lipton ice tea is poised to improve its customer base through a joint agreement with PepsiCo and aggressive marketing strategy. Recent report (Winslow 2006) that the main factor for the improving market performance of Lipton ice tea is its health benefits. Consumers believe that tea is very good for the body; thus, it is more logical to drink more tea and less soda pop and other drinks. Consumers drink Lipton tea because of its beneficial effects to ones health. Consumers consider drinking Lipton as a healthy habit. The 100 percent Natural Tea and 150 mg of protective natural antioxidants has made Lipton tea a major participant in the global tea market. Many tea drinkers choose Lipton because it is really inexpensive and you can get it just about anywhere. It is surprising that more people do not drink tea, as they would longer, happier and healthier lives if they did (Winslow 2006). Furthermore, some customers think that taking anti-oxidants are healthy, thus, customers drink a couple of gallons per week: Tea makes you look younger too and gives you energy as well. You know it also costs a lot less to drink tea too, for 100 bags at $2.50 lasts you about 3- weeks. 2-quarts per day are possible when it is really hot out, of course it varies with the drinker (Winslow 2006). Recognizing that majority of Lipton ice teas consumers are the health-conscious and on- the-go drinkers, Lipton continues to develop its product lines to make it more convenient, accessible and health-appealing to consumers. Brand Analysis and Positioning Lipton ice tea is produced to make it great tasting and good for [consumers] because it is rich in protective antioxidants (Unilever 2007). Lipton ice tea is marketed globally as the perfect drink for active, healthy lifestyle (Unilever 2007). It is available in 16 oz plastic bottles with select flavors sold in six-pack cases. Flavors available are: Iced tea Sweetened Lightly sweetened iced tea Iced tea Unsweetened Tea with no sugar and no added flavors Iced tea with Lemon Sweetened iced tea with a twist of citrus flavor Iced tea with Raspberry Sweetened iced tea with raspberry flavor Iced tea with peach Sweetened iced tea with peach flavor Iced tea Diet Sweet Tea Lightly sweetened with Splendid and no calories Iced tea Diet Lemon Lightly sweetened with a hint of lemon Iced tea Extra Sweet Very sweet iced tea, marketed as Southern Style in some areas Half Half Half sweetened ice tea and half lemonade Diet green tea with Mixed Berry Mellow tea diet and lightly flavored with mixed berry (Wikipedia 2007; Unilever 2007). The packaging and marketing strategy for Lipton ice tea is a reflection of Unilevers thrust for consumer welfare and sustainable development. To meet the growing demand for ice tea, Lipton continues to develop new products through its research and development department. New flavors are being added to cater to changing and adventurous tastes of consumers. More importantly, the Unilever-PepsiCo ensures that Lipton ice tea continues to expand its niche in the global market. According to Patrick Cescau, director of Unilever Foods: We [Unilever] have a strong presence in the developing and emerging markets yet there is plenty of white space to move into. These markets are the next in our planned rollout and we see Pepsi as the best partner to help us achieve this. This new joint venture marks a truly significant step in the expansion of the brand, bringing it within the reach of many millions of new consumers.(Unilever PepsiCo 2003). Moreover the alliance between Unilever and PepsiCo is expected to enable Lipton to strengthen its global position. At the same time, we are rounding out our portfolio with a strategic partnership in one of the fastest growing beverage segments and providing consumers with Lipton, the world leader in tea. (Unilever PepsiCo 2003). Direct Competitor Analysis One of the major competitors for Lipton in the world ice tea market is Nestle Refreshment Company, maker of Nestea Ice Tea, well-known competitor for Lipton ice tea. Like Lipton-Unilever, Nestle Refreshment Company has forged agreement with another soda manufacturer, Coca Cola, to form the Coca Cola/Nestle Refreshment Company (Sturdivant 1992). Nestles alliance with Coca Cola has the same purpose as the Unilever PepsiCo joint agreement: global distribution. The strong presence of Coca Cola/Nestle ice tea in the United States and some parts of the globe remains a threat to the goals of Unilever PepsiCo to make Lipton the most dominant player in the global ice tea market. Coca Cola/Nestle has two major products: Nestea sweetened with natural lemon flavor and diet Nestea with natural lemon flavor. Both are available in 12 ounce cans and in 16 ounce wide mouth glass bottles. In addition to the cans and bottles, Nestea is available in refrigerated cartons (as in milk cartons) in the refrigerated sections of grocery stores and convenience stores. The tea is preservative free and made from a brewed product taken back down to a tea powder. While Nestle Coca Cola continues to develop the packaging and marketing strategies for Nestea Ice Tea, there are no recent announcements of impending new products or new flavors of ice tea to be developed soon. There is a limited flavor of Nestea Ice Tea which is basically the original ice tea flavor. The company has not shown interest to capture the emerging demand for healthy ready-to-drink ice tea products. This can be a good opportunity for Unilever PepsiCo to exploit. Lipton Ice Tea can continue to expand its market niche by capturing the growing market for healthy ready-to- drink ice tea. Unilever PepsiCo can exploit the limited flavors of Nestea Ice Tea. Recommendations/Conclusions: With the expected growth of the billion dollar ready-to-drink ice tea market, Lipton Ice Tea is poised to capture a bigger share of the market with an aggressive marketing strategy: from packaging to advertising. Short Term Goals: Improve market presence by 20% Short-Term Objectives 1) Aggressive Marketing Strategy Unilever can take advantage of the positive press on the health benefits of tea to boost the sales of its ice tea product line. The company can use recent studies on the health benefits of tea as the basis of its press releases and advertising campaigns. 2) Improve Packaging Currently, the Lipton Ice Tea are available globally in two sizes: the 16-oz bottle and 2 liter bottle. Unilever can come up with other packaging sizes to ensure that consumers will have other choices and that Lipton Ice Tea will be easily and readily available to consumers. 3) Improve Shelf Presence Unilever PepsiCo can make a deal with retailers ensure retail shelf space and prominent positioning for Lipton Ice Tea. Although an average shopper may not notice what brands are positioned in prominent places on shelves or how much room is allotted to each manufacturer, à ¢Ã¢â€š ¬Ã‚ ¦shelf space and positioning as make or break factors in introducing new products (Sturdivant 1992). Long-Term Goals: World Number One ready-to-drink ice tea Long-Term Objectives: 4) Product Innovation Unilever PepsiCo must continue its innovative research and development strategy to come up with new flavors and products. Unilever has extensive research facilities on product improvement. The company can use its resources and professional expertise to come up with new flavors that will suit the continuous demand for healthy ready-to-drink ice tea. With aggressive marketing strategy and product positioning, Lipton Ice Tea is poised to take the global lead in ready-to-drink ice tea industry.

Life, Death, and the Politics of Abortion :: abortion argumentative persuasive argument

Life, Death, and the Politics of Abortion      Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Few issues have fostered such controversy as has the topic of abortion. The participants in the abortion debate not only have firmly-fixed beliefs, but each group has a self-designated appellation that clearly reflects what they believe to be the essential issues.   On one side, the pro-choice supporters see individual choice as central to the debate:   If a woman cannot choose to terminate an unwanted pregnancy, a condition which affects her body and possibly her entire life, then she has lost one of her most basic human rights. These proponents of abortion believe that while a fetus is a potential life, its life cannot be placed on the same level with that of a woman.   On the other side, the pro-life opponents of abortion argue that the fetus is human and therefore given the same human rights as the mother.  Ã‚   Stated simply, they believe that when a society legalizes abortion, it is sanctioning murder.      Ã‚  Ã‚  Ã‚  Ã‚   In today's more industrialized societies, technology has simplified the abortion procedure to a few basic and safe methods.   Technology, however, has also enhanced society's knowledge of the fetus.   Ultrasound, fetal therapy, and amniocentesis graphically reveal complex life before birth, and it is this potential human life that is at the heart of the debate.   Ã‚  Ã‚  Ã‚  Ã‚   In order to form an opinion on this matter, we must first question and define several common factors which are numerously debated.    I.   When does human life begin?      Ã‚  Ã‚  Ã‚  Ã‚   Scientists identify the first moment of human life as that instant when a sperm cell unites with an ovum or egg cell.  Ã‚   The billions of cells that collectively make up a human being are body cells.   Unless manipulated, these body cells are and remain what they appear to be: skin, hair, bone, muscle, and so on.   Each has some worthy function in life and performs that function until it dies.   Other rare cells, known as germ cells, have the power to transform themselves into every other kind of human cell.   The sex cells are the sperm cells in the male and the egg cells in the female.   It is only in combination that these cells can create a fetus.   The merger is complete within twelve hours,

Appearance in My Military Uniform

Wear and appearance of army uniform is critical in the military today for the shear fact that were are downsizing and the military is looking for every excuse to get rid of someone. Wear and appearance means to me is that you should be in the right uniform at times when instructed or permitted, is should be clean and serviceable and be to military standards.The reason i am writing tho essay y is i simply got lazy towards the exercise in Graf and i decided that packing my gear and others things where more important then my appearance in my military uniform. i decided not to shave and therefore that action i was confronted by another NCO, who then asked me if i had shaven this morningrning, knowing i was in the wrong i decided not to lie that would make the situation words then it really was. From there that NCO let my NCO know the situation and that is why I'm writing this essay today. ith that out the way my choice not to shave was more so and unprofessional decision that i had made when i did not backwards plan which is a good tact to practice because it helps you learn ways to fix and issue before it happens and your left looking stupid. So that morning when i woke i decided to get changed first , then proceeded to latrine to relieve myself, then proceeded to brush my teeth, i glanced at my face and simply thought in my head † Aw no is hanna say shit there to busy thinking about getting home†. hen i walked out of the latrine without a second thought to it. Its always the times when i think aww its cool I'm fine thats when the worst happens or something goes wrong. wear and tear and appearance of army uniform simply consist of you must be shaven at all time s when on duty or conducting a military function you are solider 24-7 you are supposed to have a serviceable uniform at all time when being worn you are to have a hair cut in according to regulation . hough some people do not follow this regulation it does not make it right for me not to. i join ed the military for a reason there are rules and regulations in the military if i want to be apart of this military i have to obey these reals and regulations so b me not following these rules this show that Im not committed to the military life so if I'm not committed why am i hear. I'm hear because i want a better life for me and m family and the military was the best way to start. so if i can't oxide by the rules and customs why should i stay. o therefore i should start living up to the military way and binding by there rules and customs. wear and appearance means to me is that you should look professional at all times. Army Regulation 670-1 covers the wear and appearance of military uniforms. Wearing the military uniform is a privilege that not everyone has earned, and it is our responsibility as soldiers to uphold this standard. In this essay I plan to cover different aspects of the regulation and why it is important to meet and maintain the standards which are set forth in the regulation.The purpose of Army Regulation 670-1 as stated in chapter 1 paragraph 1-1 is as follows. â€Å"This regulation prescribes the authorization for wear, composition, and classification of uniforms, and the occasions for wearing all personal, clothing bag issue, optional, and commonly worn organizational Army uniforms. It also prescribes the awards, insignia, and accouterments authorized for wear on the uniform, and how these items are worn. General information is also provided on the authorized material, design, and uniform quality control system.The book answer to the purpose of the regulation only goes so far. If you look further into the regulation it states that the United States Army is a uniformed service that is judged, in part, by the way a soldier wears their uniform. This being said, if a soldier wears their uniform in a manner which is not clean and neat in appearance, and portrays the army poorly, the members of the United States Army would be viewed in a poor and undisciplined manner.Whereas if the members of the United States Army hold themselves to a higher standard, and maintain a neat and clean appearance, the members of the uniformed service will be viewed by the outside world as an organization which personifies what discipline is supposed to be. While we are on the subject of discipline, I think it would be good to explore it and it’s relation to the importance of Army Regulation 670-1. Discipline is one of the cornerstones of the United States Army. Discipline can set you above and beyond everyone else, and it can help you excel in everything you do.As stated in AR 670-1 Wear and Appearance of Army Uniforms and Insignia. The Army is a uniformed service where discipline is judged, in part, by the manner in which a soldier wears a prescribed uniform, as well as by the individual’s personal appearance. Therefore, a neat and well-groomed appearance by all soldiers is fundamental to the Army and contributes to building t he pride and esprit essential to an effective military force. A vital ingredient of the Army’s strength and military effectiveness is the pride and self-discipline that American soldiers bring to their Service through a conservative military image.It is the responsibility of commanders to ensure that military personnel under their command present a neat and soldierly appearance. Therefore, in the absence of specific procedures or guidelines, commanders must determine a soldier’s compliance with standards in this regulation. Soldiers must take pride in their appearance at all times, in or out of uniform, on and off duty. Pride in appearance includes soldiers’ physical fitness and adherence to acceptable weight standards, in accordance with AR 600–9. †    By this, we can see the basic fundamentals and reasons behind the uniform policies that are currently in place.Therefore appearanc is everything in the military, perception is too if i look fucked up then people around me will assume that my NCO is fucked up then they will assume that my be your Chain Of Command is fucked up and shit does roll down hill. Look at it this way you come to work smelling like booze you've been up all night parting and and u just didn't care to iron you uniform or shave, nothing in the fact of the matter, you come into to work just looking trashed people will think that you just don't care about how you look of what people would think of you.

Adv. Fin. Ac Essays

Adv. Fin. Ac Essays Adv. Fin. Ac Essay Adv. Fin. Ac Essay Lending Decisions Lending environment; decision making and organisation of lending, lending policies and controls; behavioural aspects of decision making and decision makers; retail, commercial and corporate lending; business expansions; off balance sheet lending; loan management and problem loans. Mode of delivery:| On-campus| Workload:| ON-CAMPUS: This is a six credit point unit with three hours class contact per week over 12 teaching weeks. The total time commitment expected for this unit is 156 hours. In order to meet the faculty’s expectation, students should plan to spend on average nine hours in self-directed study, in addition to the three hours of class contact, each week. | Unit relationships:| Prerequisites: One of AFF2401 or AFW2401 Prohibitions: AFW3841 | Chief examiner:| Dr. Jean-Pierre Fenech| Unit coordinator:| Dr. Jean-Pierre Fenech| Campus:| Caulfield| Phone:| 03 9903 2140| Email:| jeanpierre. [emailprotected] edu| Office hours:| | Campus coordinator:| | Campus:| | Phone:| | Email:| | Office hours:| | Tutor(s):| To be advised| Campus:| | Phone:| | Email:| | Consultation hours:| | ACADEMIC OVERVIEW Learning objectives 1. examine the major types of lending products and match these products to customer needs 2. analyse the risk return characteristics and pricing of a loan application 3. discuss the behavioural aspects associated with lending decisions 4. apply statistical techniques used in decision making at the approval, monitoring and termination stages of lending 5. apply critical thinking, problem solving and presentation skills to individual and /or group activities dealing with lending decisions. Graduate attributes Monash prepares its graduates to be: 1. responsible and effective global citizens who: ) engage in an internationalised world b) exhibit cross-cultural competence c) demonstrate ethical values 2. critical and creative scholars who: a) produce innovative solutions to problems b) apply research skills to a range of challenges c) communicate perceptively and effectively Assessment summary ASSESSMENT TASK| DUE DATE| WEIGHTING| Assessment Task 1: assignment(Group of 4 students)| 21st September 2012| 20%| Assessment Task 2: Class presentations. Look up the class allocation folder to check when your presentation is due. | Continuous| 10%| Final Examination | Official Examination Period| 70%| TOTAL| 100%| Hurdle requirement A student’s final mark will be the sum of the marks gained in all assessment tasks, except that to pass this unit a student must achieve at least 50% in the final examination. Where a student fails the unit solely because of failure to satisfy the hurdle requirement, the final mark for the unit will be 48%. Second marking Where an assessment task is given a fail grade by an examiner, that piece of work will be marked again by a second examiner who will independently evaluate the work, and consult with the first marker. No student will be awarded a fail grade for an assessment task or unit without a second examiner confirming the result. Note: Exceptions to this are individual pieces of assessment contributing 10% or less of the final mark, unless the total of such pieces exceeds 30% of the final mark. Return of final marks for the unit Faculty policy states that ‘the final mark that a student receives for a unit will be determined by the Board of Examiners on the recommendation of the Chief Examiner taking into account all aspects of assessment’. The final mark for this unit will be released by the Board of Examiners on the date nominated in the Faculty Calendar. Student results will be accessible through the my. onash portal. Exam viewing Feedback on student performance in examinations and other end-of-semester assessment is required, in accordance with the University procedures on Unit Assessment. For more information, please see the following URL: buseco. monash. edu. au/aaf/student/exam-view/index. html. Feedback Our feedback to you There will be consistent feedback throughout the course with respe ct to class presentation. As regards assignment, the work will be returned with detailed comments for your perusal. Your feedback to us Monash is committed to excellence in education and regularly seeks feedback from students, employers and staff. One of the key formal ways students have to provide feedback is through SETU, Student Evaluation of Teacher and Unit. The University’s student evaluation policy requires that every unit is evaluated each year. Students are strongly encouraged to complete the surveys. The feedback is anonymous and provides the faculty with evidence of aspects that students are satisfied and areas for improvement. For more information on Monash’s educational strategy, and on student evaluations, see: onash. edu. au/about/monash-directions/directions. html and policy. monash. edu/policy-bank/academic/education/quality/student-evaluation-policy. html Previous student evaluations of this unit If you wish to view how previous students rated this unit, please go to https://emuapps. monash. edu. au/unitevaluations/index. jsp Required resources There is no prescribed text-book. A lis t of chapters for every week is available on blackboard and library site. Blackboard (MUSO) Material used in class together with other information of importance to students will be published online. In order to access information about this unit in Blackboard you must be enrolled in the unit and have a valid Authcate Username and Password. Blackboard is accessed through the my. monash portal at URL: https://my. monash. edu. au/muso/blackboard/login/. Q Manual The Q Manual is a student guide for producing quality written work on time. Printed copies are available at the bookshop or online at URL: buseco. monash. edu. au/publications/qmanual/qmanual. pdf. Calculators ON-CAMPUS: Electronic devices (including calculators) are not permitted in tests and examinations in this unit unless identified with an â€Å"approved for use† label. These labels are available from: * Berwick Campus: Jan Ottrey (Building 901, Room 130B) * Caulfield Campus: Accounting and Finance General Office (Building H, Level 3) * Clayton Campus: Accounting and Finance General Office (Building 11, Level 10) * Gippsland Campus: Rhonda Briggs (Building 5N, Room 152) * Peninsula Campus: Narelle Krueger (Building D, Level 3, Room 21) * Sunway Campus: Course Management Staff (Building 6, Level 4, Room 9) * South Africa Campus: Patience Makokoe (Building D, Ground Floor) Recommended resources Recommended text(s) and readings Kindly refer to blackboard for full list. UNIT SCHEDULE: (Please note tutorials start from Week 1, i. e. 27th February) WEEK| DATE| TOPIC| READING| QUESTIONS| | 27th July| Bankers Lending Techniques| As per chapter readings from Blackboard| As per tutorial questions from Blackboard| 2| 1st August| Financial distress theory and Financial Mathematics| As per chapter readings from Blackboard| As per tutorial questions from Blackboard| 3| 10th August| Pricing models and ethics| As per chapter readings from Blackboard| As per tutorial questions from Blackboard| 4| 17th August| Traditional approaches to credit risk measurement and Individual loan risk| As per chapter readings from Blackboard| As per tutorial questions from Blackboard| 5| 24th August| Legal issues| As per chapter readings from Blackboard| As per tutorial questions from Blackboard| 6| 31st August| Basel Regulatory Framework| As per chapter readings from Blackboard| As pe r tutorial questions from Blackboard| 7| 7th September| Corporate credit risk models based on stock price| As per chapter readings from Blackboard| As per tutorial questions from Blackboard| 8| 14th September| Testing and implementation of credit risk models| As per chapter readings from Blackboard| As per tutorial questions from Blackboard| 9| 21st September| Default recovery rates and LGD in credit risk modelling and practice| As per chapter readings from Blackboard| As per tutorial questions from Blackboard| 10| 5th October| Credit derivatives| As per chapter readings from Blackboard| As per tutorial questions from Blackboard| 11| 12th October| Stress testing| As per chapter readings from Blackboard| As per tutorial questions from Blackboard| 12| 19th October| An assessment of financial sector rescue programmes| As per chapter readings from Blackboard| As per tutorial questions from Blackboard| Please look up your tutorial participation dates, as per folder on blackboard. There i s a 10% participation mark for this exercise. ASSESSMENT REQUIREMENTS Assessment Task 1: assignment Learning objectives assessed: This assessment task is designed to test a student’s skills in carrying out a credit analysis of a listed firm. Weighting: 20% Task details: INSTRUCTIONS: Please refer to separate assignment document. Due date: 21st September 2012 Submission details: Assignments should be submitted to my email. Penalties for late lodgement: A maximum penalty of 5% of the total mark allocated to this assessment will be deducted for each day that it is late. Return of marks: Marked assignments will be returned to students during tutorials in week 11 or 12. Students who do not attend tutorials may collect assignments from their tutor during consultation times. Faculty style guide Work submitted for these assessments must follow the Faculty Style as outlined in the Faculty Q Manual. Copies of this Manual can be obtained at the bookshop or on line at URL: buseco. monash. edu. au/publications/qmanual/qmanual. pdf. Applications for extension of time Applications for an extension of time allocated to an assessment task must be made by completing the application form found at URL. buseco. monash. edu. au/student/exams/speccon. html. The form must be submitted to the Chief Examiner for approval. Assignment coversheet Work submitted for assessment MUST be accompanied by a completed and signed assignment coversheet, available at URL: buseco. monash. edu. au/student/forms/assessment-coversheet. doc. In the case of group assignments, each member of the group must complete and sign a separate assignment coversheet. Assessment Task 2: Learning objectives assessed: This assessment task is designed to test a student’s presentation skills Weighting: 10% Criteria for assessment: as per designated questions on separate folder Duration: This will be approximately a 15 minute presentation. Task details: INSTRUCTIONS: Please look up the allocation folder on blackboard to check your allocation dates. Date: As per allocation dates. Examination Weighting: 70% Duration: 3-hour examination Type: This will be a closed book examination and calculators will be permitted. Date and location: This examination will be held during the official examination period. The examination timetable which provides full details of the examination schedule can be accessed through the my. monash portal. Materials examinable: All material covered throughout the course. Faculty style guide Work submitted for these assessments must follow the Faculty Style as outlined in the Faculty Q Manual. Copies of this Manual can be obtained at the bookshop or on line at URL: buseco. monash. edu. au/publications/qmanual/qmanual. pdf. Penalties for late lodgement A maximum penalty of 1 MARK of the total mark allocated to the assessment tasks will be deducted for each day they are late. Applications for extension of time Applications for an extension of time allocated to an assessment task must be made by completing the application form found at URL. buseco. monash. edu. au/student/exams/speccon. html. The form must be submitted to the Chief Examiner for approval. Assignment coversheet Work submitted for assessment MUST be accompanied by a completed and signed assignment coversheet, available at URL: buseco. monash. edu. au/student/forms/assessment-coversheet. doc. In the case of group assignments, each member of the group must complete and sign a separate assignment coversheet. OTHER INFORMATION Policies Monash has educational policies, procedures and guidelines, which are designed to ensure that staff and students are aware of the University’s academic standards, and to provide advice on how they might uphold them. You can find Monash’s Education Policies and Procedures at: http://policy. monash. edu. au/policy-bank/academic/education/index. html Key educational policies include: * Plagiarism ( policy. onash. edu/policy-bank/academic/education/conduct/plagiarism-policy. html) * Assessment ( policy. monash. edu/policy-bank/academic/education/assessment/assessment-in-coursework-policy. html) * Special Consideration ( policy. monash. edu/policy-bank/a cademic/education/assessment/special-consideration-policy. html) * Grading Scale ( policy. monash. edu/policy-bank/academic/education/assessment/grading-scale-policy. html) * Discipline: Student Policy ( policy. monash. edu/policy-bank/academic/education/conduct/student-discipline-policy. html) * Academic Calendar and Semesters (insert URL); Orientation and Transition (insert URL); and * Academic and Administrative Complaints and Grievances Policy ( policy. monash. edu/policy-bank/academic/education/management/complaints-grievance-policy. html) Student Services The University provides many different kinds of support services for you. Contact your tutor if you need advice and see the range of services available at www. monash. edu. au/students The Monash University Library provides a range of services and resources that enable you to save time and be more effective in your learning and research. Go to lib. monash. edu. au or the library tab in my. monash portal for more