Communism And Its Effect On Society - 955 Words

Man has sought out the perfect form to administer government action and beliefs.. They came up with the idea of Capitalism. Others found that those who were divine should rule. Others sought after a government that offered programs and reforms to the populous and called in socialism. Some thought about having the church run the government, but the theory that many people strive to accomplish is communism. Communism has been tried again and again. The only difference was the people leading the revolutions. The theory to run a government known as communism has been around since the 1840s. This form of government seems great on paper, but fall through after time has past and the government is able to establish itself. Just like a coin, communism has two sides to it. The one side is the idea that everyone is truly equal and their is no class difference at all. While the other side is that almost everyone is equal. Karl Marx who thought of the theory believed that this form of government was the best form of government and explained it in his book the Communist Manifesto. While the british author George Orwell s sought against this form of government because he saw what happened when communism becomes the part of the government.. In his novel â€Å"1984† even though it s a fictional world he demonstrates what communism turns into. He shows that it always turn into an oppressive dictatorship or oligarchy. Karl Marx was born May 5, 1818 in Germany and passed away at the age of sixtyShow MoreRelatedCommunism And Its Effects On Society1307 Words   |  6 PagesThroughout history, people have pushed for it, fought to get rid of it, and started wars over communism. In its theory, Communism is a moneyless, stateless, and classless dream of society to develop a utopia. Under communism, there is no private property as there is today. Instead communists believe in a form of personal property that is determined by use of an object (as opposed to ideal ownership). An example to use is a house. If you eat, sleep, and just generally live in a house, that houseRead MoreCommunism And Its Effect On Society1554 Words   |  7 Pagesdue to his opinionated behaviour. I understood that he wants to be a hero but sometimes I wonder if he’ll ever learn when to draw the line on when it’s enough. â€Å"Sooner or later, you’re going to learn when to grow up and be a respectful member of society. I’m not sorry it had to end this way Durdin, you brought this upon yourself.† One of the soldiers who dragged Caleb onto stage begun aggressively shouting at him and soon made his way towards the edge of the stage. â€Å"Good afternoon loyal citizensRead MoreCommunism Of The Vietnam War And The Cold War1181 Words   |  5 PagesCommunism is an ideology that has a very long history more than one-third of the globe. This ideology is followed by Russia, Cuba, Laos, China, North Korea, and Vietnam. This ideology is the source of many revolutions and conflicts throughout the history likes the English Civil War, the Bolshevik Revolution, the Vietnam War, the Korea War and the Cold War. However, what makes Communism different from other ideologies is its origin, its policy, and its effects on the poor and the working class. CommunismRead MoreAustralias Involvement in the Vietnam War Essay978 Words   |  4 Pagesresult of a combined fear of communism and the fall of freedom from danger in Australian democracy and society. The growing web of communism saw the fall of many countries closing in on Australia and New Zealand, and it was believed Robert Menzies’ government that they would find communism at Australia’s shores. Australians were anti-communist during the Vietnam War; due to a level of hype that the society, the media, and the government were exposed to. The â€Å"domino effect† was a popular analogy duringRead MoreThe Collapse of Communism in the USSR, Central, and Eastern Europe1102 Words   |  4 PagesThe collapse of communism in the USSR and Central and Eastern Europe Before we move on to our essay on to analyse The Collapse of Communism in USSR and Central and Eastern Europe and the reasons behind its collapse, we should discuss and understand the definition of Communism. â€Å" Communism is a social system in which all the resources, economic activities are owned by state or country. † It is a system in which wealth is dispersed equally among the people and there is no private ownership ofRead MoreEssay on The Failure of Communism1655 Words   |  7 PagesThe failure of communism Communist had a long history during the 20th century, and communism was very influential. Almost all of Asia and East Europe became Communist. From the start of the theory then many civil wars in Russia affected the whole world. Communist defined the idea of itself in many different ways, it helps many nations came together formed a party fought wars, but it also made many countries became really poor, and the economy in most of the countries got pushed back about 10 yearsRead MoreWealth and Poverty: A Study on Communism and the Communist Manifesto1647 Words   |  7 PagesCommunism. The word sparks dread in the hearts of many Americans raised during the Cold War. What seems to be the basis for a potential utopian society in theory, so far has never, in practice, realized the desires of its institutors. Perhaps the reason communism has never been successful in effect lies in its most basic foundations. After all, a house, as most Texans can attest to, no matter how finely built, cannot stand careful scrutiny for cracks if its foundation is built on shifting soilRead MoreGeorge Orwell s Animal Farm1360 Words   |  6 Pagesquestion whether the type of government, communism, is feasible in a community without leading to a type of dictatorship or totalitarianism. Orwell presents the idea that communism is a good idea in theory, but it always leads to corruption by the people who take power. The author presents the novel as an entertaining fable featuring an animal revolution; however, beneath this storyline Orwell utilizes literary devices, characters, and events to prove how communism is not idealistic in a real scenarioRead MoreThe Vietnam War Was The War Essay1611 Words   |  7 Pageswere bullying South Vietnam, trying to make them a communist. Most of society will not stand up for the weaker person in a bully situation. The United States is not most of society; they believe you mess with someone your own size. Many people have different views on the Vi etnam War: was the war necessary, was the war worth all the sacrifices of American troops lives, what was the United States moral obligation to oppose communism, and what ethics did the Presidents of the United States abide by whenRead MoreThe Time Period Of The Cold War1387 Words   |  6 PagesCold War, made it hard for Americans to continue their optimism historian Stephen Ambrose commented. This paradigm shift is evident in the texts from the era, and by studying them we come to understand the values and atmosphere of the time and the effect those values had on the texts. The Cold War began after the end of World War II, after the atomic bombing of Hiroshima and Nagasaki by the United States of America; that continued until the early 90s with the dissolving of the Soviet Union. The two

Conflict Management - 5778 Words

Understanding Conflict and Conflict Management http://www.foundationcoalition.org/teams Definition A team is a small group of people with complementary skills who are committed to a common purpose, performance goals, and approach for which they hold themselves mutually accountable.1 Although student teams may not satisfy all the requirements of the definition, the degree to which they do often determines their effectiveness. Rationale Students do not come to school with all the social skills they need to collaborate effectively with others. Therefore, teachers need to teach the appropriate communication, leadership, trust, decision making, and conflict management skills to students and provide the motivation to use these skills†¦show more content†¦How do people respond to conflict? Fight or flight? Physiologically we respond to conflict in one of two ways—we want to â€Å"get away from the conflict† or we are ready to â€Å"take on anyone who comes our way.† Think for a moment about when you are in conflict. Do you want to leave or do you want to fight when a conflict presents itself? Neither physiological response is good or bad—it’s personal response. What is important to learn, regardless of our initial physiological response to conflict, is that we should intentionally choose our response to conflict. Whether we feel like we want to fight or flee when a conflict arises, we can deliberately choose a conflict mode. By consciously choosing a conflict mode instead of to conflict, we are more likely to productively contribute to solving the problem at hand. Below are five conflict response modes that can be used in conflict. What modes do people use to address conflict? All people can benefit, both personally and professionally, from learning conflict management skills. Typically we respond to conflict by using one of five modes: 5 †¢ Competing †¢ Compromising †¢ Avoiding †¢ Collaborating †¢ Accommodating COMPROMISING The compromising mode is moderate assertiveness and moderate cooperation. Some people define compromise as â€Å"giving up more than you want,† while others see compromise asShow MoreRelatedConflict Management1178 Words   |  5 PagesConflict is a fact of life - for individuals, organizations, and societies. The costs of conflict are well-documented - high turnover, grievances and lawsuits, absenteeism, divorce, dysfunctional families, prejudice, fear. What many people dont realize is that well-managed conflict can actually be a force for positive change. Conflict is â€Å"an expressed struggle between at least two interdependent parties who perceive incompatible goals, scarce resources, and interference from others in achievingRead MoreConflict Between Conflict And Conflict Management845 Words   |  4 Pagesâ€Å"People are afraid of conflict because they do not have essential skills to manage it well.† This is true because according to O’Grady and Malloch (2016), conflict is reflection of an insufficient knowledge of the dynamics of conflict and a lack of capability in its management. In the case of Nancy, perhaps she needs to undergo specialty training or classes about conflict management in order to improve their unit’s dynamic or interaction. 2. â€Å"If you engage with conflict too early, there is a chanceRead MoreThe Conflict And Conflict Management Strategies908 Words   |  4 PagesRobbins and Judge define conflict as a process that begins when one party perceives another party has or is about to negatively affect something that is cared about. There is a variety of conflicts that individuals will encounter within their lives. Knowing and understating the conflict cycle and understanding conflict management strategies will help individuals solve conflict in a reasonable manner (Robbins Judge, 2014). Discussing Contentious Issues/ Bringing Conflict into the Open When managersRead MoreConflict Of Conflict Management Styles1690 Words   |  7 Pages Many people do their best to avoid conflict at all costs, but it is an occurrence that everyone must deal with from time to time. Understandable, the avoidance of conflict is glamorous, however learning how to handle the conflicts can make them seem less bothersome. Learning how to manage conflict is a key factor in becoming a manager and the execution of that learning can be very different from manager to manager. Shanker (2013) describes conflict management styles as an equation involving theRead MoreConflict Management1469 Words   |  6 PagesConflict Management Conflict Management Yamil Little Strayer University BUS520 Dr. Anthony Hughes 02/27/11 Conflict Management Introduction In today’s ever-changing business environment organizations encounter varying levels of intrapersonal, interpersonal, intragroup, and intergroup conflicts. Intrapersonal conflict is a battle within oneself, which usually involves a life goal and/or change. Interpersonal conflict is when two or more people have opposing perspectivesRead MoreConflict Between Conflict And Conflict Management1772 Words   |  8 Pagesopinion there will also be a chance for some form of conflict to arise. To resolve and manage conflict, any organization or persons’ must try to understand the causes, theories, approaches and strategies of conflict management. Resolving conflict requires a great deal of attention and thorough understanding in seeking resolution. In this review, conflict management will be explored in general from different perspectives in light of how conflict effects teams or groups, workplace relationships andRead MoreConflict Between Conflict And Conflict Managemen t1313 Words   |  6 PagesConflict and conflict management both play pivotal roles in all relationships, whether they are between friends, family, lovers, or coworkers. However, while most relationships have an abundance of conflict, the amount of properly implemented conflict management in all relationships is relatively low. This is especially surprising when you consider the sheer amount of research and counseling directed at managing conflict in constructive ways. Though the aforementioned services and research are ofRead MoreConflict Between Conflict Management And Resolution883 Words   |  4 Pagesnegative association with conflict. Reflects poorly on the supervisor when there is conflict but in reality it’s only negative when the supervisor or employee, depending on the situation does not address the conflict. Unresolved conflicts can negatively impact not only the employees involved but also the company. Unresolved conflicts result in negative impacts not only t o the individual but also the company. Focus on the problem, not the person. Sometimes the conflict will be reoccurring or unresolvableRead MoreConflict Management Styles1081 Words   |  5 PagesConflict Management Styles Myron Harris 09/30/2012 CJA/444 Allen Cole Conflict Management Styles Conflict usually occurs when individuals within a group or organization has differences in opinions. When individuals are in a disagreement about something like policies and procedures or even the overall direction of which an organization or company is heading it can become very frustrating. As we all know conflict the process of conflict usually begins when an individual or party has perceivedRead MoreEssay on Conflict Management1382 Words   |  6 PagesIntroduction to conflict The term conflict referred to perceived incompatible differenced resulting in some form of interference or opposition. Conflict is a natural part of organizational life because the goals between mangers and workers are often incompatible. If people perceive that differences exist then conflict state exists. Conflict is not exists between individual only, it also can exist between departments and divisions that compete for resources or even because of overlapped authority

Global Business and Strategic Concept

Question: Discuss about the Global Business and Strategic Concept. Answer: Introduction This particular study discusses about the recent development in Nigeria. Further, it elaborates the fact how the change in price of oil affects the economy of Nigeria. Through analyzing the fact, here the study brings out some ways that might help the country to exploit their global potential. In order to deliver certain number of suggestions, the study concentrates on some key areas that the county should prioritize over the next 5 years. Before analyzing the growth and development of Nigeria, it is essential to discuss about the economy that the country consists. As mentioned by Sklar (2015), mixed economy is present in Nigeria that is defined as emerging market with middle income. In order to be more specific, both the private and public sector play crucial role in this growing economy. In terms of Nominal GDP, the country has acquired the 21st position in the world economy (Ft.com. 2016). Moreover, it has gained the 20th position in terms of PPP (Purchasing Power Parity) (Ft.com. 2016). Nigeria contributes the major portion of the GDP (Gross Domestic Product) of Africa due to the rapid growth in telecommunication, banking, and film industry. The manufacturing sector of this country is third largest in the continent (Ft.com. 2016). Nigeria exports large proportion of goods and services to West African sub region. PESTEL Analysis of Nigeria As per the statement of Mejabi et al. (2015), the PESTEL analysis of Nigeria helps to make a clear understanding about the prime factors which affect the economy of the country. In the following table, these factors are demonstrated: Factors Analysis Political factor Since the year 1999, Nigeria has been achieving political stability which was the major strength of their recent development. Due to this, they had the opportunity of growing international recognition. This had a great role in their growth and development. Economic Factor Their major economic strength relies on their oil production. Large number of consumers contributes a major portion in the gross domestic product of that country. However, inadequate data creates hitches in the business planning process. Social factor The country has high illiteracy rate which majorly affects the economy of the country. However, the opportunity of privatization and deregulation enhanced their economy. Technological factor The country has an opportunity to enhance their Information and Computer Technology (ICT). This helps to obtain competitive advantage over other countries. Environmental factor The country was agriculturally inclined before the oil boom. In present, 25% of GDP depends on the oil industry. Legal factor The government of the country formed mixed legal system which strengthens the economy. Table 1: PESTEL Analysis of Nigeria (Source: Mejabi et al. 2015) Recent development in Nigeria As per the financial record of 2015, Nigeria is the 24th largest economy in the world (Ft.com. 2016). The country has been growing their economy since the year 2012 (Refer to Appendix 1). McGrath (2016) explained that Nigeria has overtaken South Africa as the largest economy of the continent due to its increasing GDP growth. In the below table, the economic data of Nigeria of last 5 years is demonstrated: Years Population (million) GDP per capita (USD) GDP (USD bn) Economic growth (GDP, annual variation in %) 2011 160 2,606 418 4.9 2012 165 2,708 446 4.3 2013 169 2,944 498 5.4 2014 174 3,182 553 6.3 2015 179 2,677 479 2.7 Table 2: Economic Data of Nigeria of last 5 years (Source: Satistica.com. 2016) Graph 1: GDP growth in Nigeria (Source: Satistica.com. 2016) Graph 2: Economic growth in Nigeria (Source: Satistica.com. 2016) From above table and graphs, it is found that economy of the country has been growing continuously, till the year 2014. However, in the year 2015, it has been dropped down. The prime reason behind this is the fall in oil price. It is elaborated in the later section of this study. In the year 2012, the growth was declined and then grew in a continuous manner till the year 2014. The prime reason behind this is the government of that country decided to pursue a protracted process to rebase the economic growth, in the year 2013 (Okereke and Kurotamunobaraomi 2015). This rebasing exercise pushed the GDP to upward and 89% growth has been experienced in that year (Tradingeconomics.com. 2016). As per the new estimation of 2013, it has been found that the service sector contributed the large portion in GDP comparing with agriculture and industry sector (Refer to Appendix 2). In that particular year, following the service sector, the agriculture sector contributed 21.97% and mining sector cont ributed 14.50% in the economic growth (Tradingeconomics.com. 2016). Kadiri, Ojo and Jagboro (2015) opined that infrastructure development has a major role behind the economic growth. The country has the most promising pipelines of infrastructure PPP projects along with large number of population. Due to having large population, the country developed its infrastructure in order to allow developing continuously. Yeeles and Akporiaye (2016) argued in this context that, unreliability of their power infrastructure had affected the economy and thus the growth was slowed down to some extent. However, the country has successfully made their power infrastructure stable and enhanced the exposure of local and international investors along with ECAs (Export Credit Agencies) and DFIs (Development Finance Institutions). Usman, Ikemefuna and Fatimah (2015) stated that the country has outlined some long term objectives in order to make continuous growth. In that year, at the initial stage of growth they aimed to minimize the transport bottlenecks and improve the tra nsport links in new emerging industrial zones. Following the statement of Okike et al. (2015), government support is the major reason that the economy has experienced high growth. Government policies and undertakings provided additional benefit to the infrastructure projects. In this context, it is important to mention that without the government support it would be difficult to finance the projects. Furthermore, the infrastructure development helped to implement the Greenfield project of Nigeria. Olaniyi (2015) added that the robust their contract structures which positively affected the economy of Nigeria. The robustness of the contract structures such as EPC and OM contracts enhanced the bankability of the projects. Effect of current oil price on Nigerian economy As discussed by Yusuf (2015), oil is the biggest foreign exchange earner of Nigeria. In late 1960s, it had replaced the place of peanut, cocoa, and palm products. Through developing the oil sector, the country became a member of OPEC (OrganizationofthePetroleumExportingCountries) and acquired 17th position in terms of largest petroleum producer in the year 1971. The rise in oil price caused flood of wealth in the Nigerian economy. However, in the present context, Nigeria belongs in the list of top ten of oil exporters (Forbes.com. 2016). Chambers (2015) added in this context that due to the current sharp drop in the oil price affect the economic growth of the oil exporting countries. It has been found the economic growth of Nigeria heavily relies on the oil business. Over 96% of Nigerias export revenue depends on the export of oil (Forbes.com. 2016). According to Yusuf (2015), the decreasing oil price is addressed as the prime reason of the economic weakness of the country. Long standing accountability and transparency issues are present in all the levels of oil industry. Over the last few years, the NNPC (Nigerian National Petroleum Corporation) is owed to the federal government. The recent decreasing of oil price forced the federal government to adjust the budget for reducing the capital spending plans by 10% (Yusuf 2015). The Nigerian government failed to adjust the budget and thus it adversely affects the Nigerian banking sector. It has been found that the banking sector granted 20% loans to the local oil and gas companies (Ft.com. 2016). The downturn oil price made the economy confront more challenging times in maintain their growth level. Future plan and strategies Through analyzing the present economic situation of Nigeria, the study here evaluates key areas that should be prioritized by the economy. The recommendations are made for the next 5 years. Based on the opinions of the economists of Nigeria, the study suggests that the country should provide more importance to three key areas that include foreign direct investment, globalization, and economic development. As opined by Felix et al. (2015), Nigeria is considered as one of the preferable destinations for FDI (Foreign Direct Investment) by many of the countries. During the time of growth, FDI in this country was increased $21.3 bn in 2013 from $16.6 bn of 2012 (Tradingeconomics.com. 2016). Nigerias National Bureau of Statistics (NNBS) has estimated that the increasing FDI made 28.3% growth. This is the reason that the study suggests that the country should prioritize this factor in order to make growth. In this context, it is important to mention that some major governments legislations are there that regulate the FDI of the country. These legislations include Foreign Exchange Monitoring Miscellaneous Provisions Act and Nigerian Investment Promotion Commission Act (Tradingeconomics.com. 2016). Abosede and Sholeye (2015) added that the largest beneficiary regarding FDI was noticed particularly in the oil and gas sector. However, the present decline in oil price affects its FDI and further its affect the economy of the country. Besides the oil sector, it has been found that near 50% FDI projects are service oriented. Thus, there is a scope to make growth in other services sectors such as financial services, consumer products, and tourism and business services. Growth in these sectors would attract the foreign companies more to invest their capital in this country. This would enhance the growth of Nigerian economy. Felix et al. (2015) added that if a country develops their financial market and enhances their educational level, the positive impact of FDI also increases. As human capital plays the most crucial role in developing the economy of a country, the education level need to be increased. Thus, it is suggested that if Nigeria concentrates on these two factors, the economic growth will be enhanced. Abosede and Sholeye (2015) stated further that the policymakers of this economy should exercise cautions while trying to attract foreign direct investment. In order to keep the growth level stable, the government of the country should keep trying to enhance the benefits of FDI. As per the discussion of Nwezeaku and Akujuobi (2015), globalization pushed the Nigerian economy with three major forces that includes economic liberalization, technological revolution, and democratic system of governance. Due to these forces, the economy has acquired increasing growth of the economy, but some challenges are still there that the economy should focus on. It has been mentioned that oil has replaced the place of pea nut, cocoa and palm products. The agricultural commodities were the main foreign exchange earner before 1970s. During this particular period, the rise in oil price switched the focus to oil sector. In today's challenging time, government should focus on the six major agricultural commodities that could play major role as foreign exchange earner. These commodities include cocoa, rubber, palm oil, groundnut, cotton and palm kernel. Besides, recently several automobile makers set up production lines in this country. The government could take several initiatives to make growth in automobile industries. Furthermore, there is a scope to enhance their growth through revitalizing their financial sector within next five years. Nwezeaku and Akujuobi (2015) stated further that the income inequality of the country needs to be diminished to the highest possible level. It has been discussed that globalization and income inequality is strongly related to each other. As the technology has been increasing, some of the people could enhance their skills and others fail to do so. As a result, inequality in terms of income has been increasing. In order to increase the positive level of the economic growth further, the country should focus on the wage rate of the human capital. The above discussed scope and opportunities lead the country to experience economic development within next 5 years. Through taking certain initiatives for making growth in the service sectors, the economy could attract more foreign companies. As FDI will increase, the country will experience economic boom. Besides, it would able to deal with the challenges that they face due to downturn of the oil price. The economists of Nigeria have predicted that the economy would able to increase their GDP growth rate by prioritizing these key areas. It has been predicted that percentage of GDP growth will be higher in next 5 years (Refer to Appendix 3). However, it has been found that the growth level would not be same as it was in 2014. In order to enhance the economic growth, the country needs to focus on other factors. The government intervention is strongly needed to make growth further (Nwezeaku and Akujuobi 2015). Their primary focus should be on increasing economic health. Besides, envir onmental impact is one of the crucial factors of economic growth. The government should increase the awareness and apply strong restriction on the production that harms the environment (Felix et al. 2015). Thus, government intervention is highly suggested to make growth of Nigeria in the next years. Conclusion The study concludes that Nigeria consist mixed economy where both the public and private sectors contributes growth in the economy. At the same time, these sectors also negatively affect the economy. Here, it is concluded that the GDP of this country has been growing continuously till the year 2014 and dropped down in the year 2015. The growth was occurred due to the development in telecommunication, banking, and film industry. It has been found that the previous growth has been experienced because of the rebasing exercises and government initiatives. Recently the economy has experienced high growth from their service sectors. Further, the study concludes that infrastructure development along with government support played a major role in the economic growth. However, the prime reason of going downward is the sharp rise in oil price. As oil is the biggest foreign exchange earner of the country, the high price is has been affecting the economy. Thus, the economists are suggesting that the economy should prioritize three key areas of foreign direct investment, globalization, and economic development. This would help to drive the growth curve upward in the next 5 years. Reference List Abosede, O.A. and Sholeye, O.F., 2015. Strengthening the Foundation for Sustainable Primary Health Care Services in Nigeria.Primary Health Care: Open Access,2014. Chambers, K., 2015. Dropping Oil Prices: The Effects of Oil Price Changes. Dillimono, H.D. and Dickinson, J.E., 2015. Travel, tourism, climate change, and behavioral change: travelers perspectives from a developing country, Nigeria.Journal of Sustainable Tourism,23(3), pp.437-454. Felix, D., Ajibade Bright, F., Ogbumuo Dennis, T. and Osuji George A, N., 2015. A Comparative Analysis of the Contributions of the Agricultural Sector and the Industrial Sector towards the Development/Growth of the Nigerian Economy.Global Journal of Science Frontier Research,15(4). Forbes.com., 2016. Forbes Welcome. [online] Available at: https://www.forbes.com [Accessed 10 Jun. 2016]. Ft.com., 2016. World business, finance, and political news from the Financial Times - FT.com. [online] Available at: https://www.ft.com [Accessed 10 Jun. 2016]. Kadiri, D.S., Ojo, S.O. and Jagboro, G.O., 2015. Implications of Adopting Public Private Partnership for Infrastructure Development in Nigeria.Journal of Sustainable Development,8(9), p.169. McGrath, K., 2016. Identity verification and societal challenges: Explaining the gap between service provision and development outcomes.Mis Quarterly,40(2), pp.485-500. Mejabi, O.V., Azeez, A.L., Adedoyin, A. and Oloyede, M.O., 2015. Challenges to Open Data Institutionalisation: Insights from stakeholder groups in Nigeria. Nwezeaku, N.C. and Akujuobi, A.B.C., 2015. Public Expenditures and Economic Development of Nigeria: A Cointegration and Causality Evaluation.International Journal of Economics and Empirical Research (IJEER),3(10), pp.499-506. Okereke, E.J. and Kurotamunobaraomi, T., 2015. Corruption in deposit money banks and economic growth in Nigeria. Journal of Accounting and Finance,1(2). Okike, E., Adegbite, E., Nakpodia, F. and Adegbite, S., 2015. A review of internal and external influences on corporate governance and financial accountability in Nigeria.International Journal of Business Governance and Ethics,10(2), pp.165-185. Olaniyi, T.K., 2015. Sustainable development of entrepreneurial skills: imperative for aviation training and development in the emerging Nigerian economy. Sustainable Development,6(1). Satistica.com., 2016. Satistica - Home. [online] Satistica.com. Available at: https://www.satistica.com [Accessed 10 Jun. 2016]. Sklar, R.L., 2015.Nigerian political parties: Power in an emergent African nation. Princeton University Press. Tradingeconomics.com., 2016. Australia GDP Growth Rate | 1959-2016 | Data | Chart | Calendar | Forecast. [online] Available at: https://www.tradingeconomics.com/australia/gdp-growth [Accessed 10 Jun. 2016]. Usman, A., Ikemefuna, M. and Fatimah, A., 2015. Evidence of Petroleum Resources on Nigerian Economic Development (2000-2009).Business and Economics Journal,6(2), p.1. Yeeles, A. and Akporiaye, A., 2016. Risk and resilience in the Nigerian oil sector: The economic effects of pipeline sabotage and theft.Energy Policy,88, pp.187-196. Yusuf, M., 2015. An analysis of the impact of oil price shocks on the growth of the Nigerian economy: 1970-2011.African Journal of Business Management,9(3), p.103.

Information Systems Management Therapeutic Innovative Work

Question: Describe about the Information Systems Management for Therapeutic Innovative Work. Answer: Introduction: Samsung Medical Center (SMC) is situated in Seoul, South Korea. SMC was founded on November 9, 1994, for the sole purpose of enhancing the wellbeing of the nation through the best restorative means, the propelled therapeutic innovative work of exceptionally efficient staff. SMC is a scholastic, philanthropic tertiary care health center with roughly 6,500 staff members including approximately 2,000 medical caretakers and more than 1,200 specialists serving 1,951 sickbeds. Samsung Medical Center (SMC) is composed of SSH (Samsung Seoul Hospital), SCH (Samsung Changwon hospital), SLSRC (Samsung Life Sciences Research Center) and KSH (Kangbook Samsung Hospital). Equipped with the latest medical service frameworks such as the exceptional medicinal staff, SIMS (Samsung Medical Information System), PACS (picture archiving communication framework), CPAS (clinical pathology automation system) and LAS (logistics automation system). SMC (Samsung Medical Center) is leading the new hospital framew ork in Korea by being the best doctor's facility in cutting edge restorative administrations and delivering the patient-focused medicinal services in the bona fide sense. SMC (Samsung Medical Center) attends approximately 8,500 outpatients on daily basis. SMC has an average of 1,800 inpatients in a day and performs around 160 complex surgical operations daily (according to stats from the year 2011). Samsung Medical Center (SMC) has covered the land area of over 200,000 sq. meters with a 25 floors building. It consists of 120 special purpose clinics, 40 housing departments and 10 specialist centers. Strategic Evaluation - Situation Analysis Strategic management is developing plans for both unfeasible and predictable contingencies. It is pertinent to every small and large organizations. Even the Small organizations face competition in the market and by formulating and implementing suitable strategies, they can achieve sustainable competitive advantage. Pest Analysis Samsung medical center (SMC) is waving his flag high in medical world. The strong management of SMC knows how to formulate effective strategies that can balance the political, social, economic and technological imbalance. Political Strategy Samsung Medical Center (SMC) is a role model for other companies in tackling the political issues. It has created its own ways of handling political agendas. During the dark hours, Samsung Medical Center (SMC) using its diplomatic strategies and goodwill managed to haggle with the governing bodies of several countries. This resulted in favoring Samsung Medical Center (SMC) by modifying their rules and regulation. Economic Environment The economic outbalance exists in health center in Korea yet government reports still show that the expenditure on healthcare per capital continues to increase. The growth of medical centers in Korea clearly demonstrates how medical and nursing services have moved from public sector to the private sector and have become a more of business. In the current situation, Samsung Medical center (SMC) is delivering the best medical services using most advanced technology and methodologies. They have launched numerous welfare programs that tend to serve the poor and create a healthy environment. Socio-Cultural With the increasing population of South Korea, the health issues are increasing exponentially. With the advancement of medical technologies, new diseases are being discovered simultaneously. In the current situation, Samsung Medical Center (SMC) is delivering the best it could. The patients are becoming more informed and demanding. Technology By means of technology, Samsung Medical Center (SMC) is among the worlds leading medical centers. It is well equipped with modern smart devices. The use of SIMS (Samsung Medical Information System), PACS (picture archiving communication framework), CPAS (clinical pathology automation system) and LAS (logistics automation system) have made SMC one of the most advanced medical center enriched with technology. Currently, SMC is working on numerous projects related to health care using modern day technology. Swot Analysis Samsung Medical Center is trying its best to provide adequate medical services to all the patients using modern techniques not only in Korea but across the world. Samsung is not only providing services in Samsung Medical Center but also in innumerate hospitals across the globe. The major reason behind the popularity of Samsung Medical Center is its willingness to deliver best to the customers and embrace its weaknesses. Strengths The backbone of Samsung Medical Center (SMC) is Samsung Group of Companies. The technologies used by SMC have revolutionized the medical world. This is not the end. There are numerous projects under construction to deal with modern diseases. Samsung has an everlasting relationship with USA and Europe that makes its position firmer on the ground. Samsung is quite loaded by means of technology, assets, artifact, infrastructure and manpower. Weaknesses With all the technology, manpower, and huge structure, Samsung Medical Center is also facing few shortcomings in lieu of treatment. There had been few misdiagnosed cases in the hospital that defamed the medical center. There had been other shortcomings of specialists as compared to the number of patients under treatment. Opportunities Samsung Medical Center is one of the luckiest medical facility being under the banner of Samsung group of companies. It has a wide range of network spread globally. On a business point of view, Samsung Medical Center is one of the most profitable investments of Samsung group. With the support of Samsung group of companies, SMC aims at leading the medical world nor farther than the year 2020. Threats As any major organization, Samsung Medical Center is also facing multiple threats from the past decade. There are other medical centers those are dominating over SMC. It is also one of the most expensive hospitals in the region that make it only reachable by upper middle class and elites. So, a number of patients avoid being treated there. The growing population is another major threat to SMC as its unable to provide adequate treatment to all the patients. Globalization Due to the Samsung Group of Companies, SMC has emerged as a global hospital working with numerous countries. Samsung Medical Center (SMC) possesses the largest cancer center in Asia consisting of 655 beds. It has provided the medical aid to the victims of Taiwan Earthquake, 2006, Kobe Earthquake, 1995 and Tsunami in South East Asia in 2004. SMC is emerging as a global medical center which promotes active communication with numerous globally recognized medical institutes such as Mayo Center (US), MD Anderson Growth Center (US) and Beijing College Clinic. Due to its restless and devoted management and staff, SMC has been able to attract a large number of foreign patients which is helping it in gaining sustainability and global recognition. The major achievement by SMC is the inauguration of the first Korean medical center in Dubai, UAE. SMC is the first Korean medical facility that has landed in Middle East through Dubai. Recently, due to the tireless efforts of the management and staf f, the Hospital received an award from Ministry of health and welfare as SMC (Samsung Medical Center) is attracting the most foreign patients in the region. E-Marketing Strategy DEFINITION E-trade is the selling and buying of merchandise and services, or the transmitting and transferring assets or information over an electronic system, essentially the web. These business exchanges happen either as business-to-business, business-to-buyer, buyer-to-buyer or customer-to-business. E-marketing strategies used by smc: SMC (Samsung Medical Center) has built up four key goals in data innovation and technology. They include Film-less by PACS used commonly in healthcare industry Chart less by virtue of EMR (Electronic Medical Record) Paper-less HIS (Hospital information system) The last one "weightless" is, exceptionally remarkable and seldom found anywhere. (James Matthew 2012) How to achieve the mission The above mentioned points can be easily achieved by the Samsung Medical Center by following some simple steps. Each and every individual needs to perform his/her duties quite efficiently in order to make sure that they want to achieve the target goals. The duties should be properly allocated especially to those who are looking after the eBusiness side of the Samsung Medical Center. Dr. Smart S The future: A cell phone application developed by SMC named "Dr. Smart S," is conveyed in the clinical environment of the medical center. SMC has stepped in the future by introducing a whole new dimension in medical world through Dr. Smart S. Dr. Smart S was introduced by SMC in August, 2003. Around then, it was uncommon for a medical center to present "Zone service" through cell phones as a feature of FMC (Fixed mobile Coverage). The first application was developed to run on Palm OS (an old operating system), the then mobile operating system as adopted by Samsung. "SCH-M3300." Since then the application has been modified and updated 3 times. The first update was a change of platform from Palm OS to windows operating system. The latest update has been made by restructuring the application for Android smartphones. Samsung medical center (SMC) named the application as Dr. Smart S. The application contains all the information such as data of inpatient, outpatient, a patient at operation room and pa tient at the emergency room, patients list waiting to admit and consultation notes. This is all the information Doctors want to know and for which they have to visit each room and each operation center. The three major components of Dr. Smart S are Terminal Network infrastructure Server group A terminal is a sort of smart phone which can run the downloaded applications on OS. SMC (Samsung Medical Center) has used Samsung Galaxy S as terminal that loads Dr. Smart S to run on Google Android. (Salehi et al. 2012) The application was developed using Eclipse IDE. SMC is taking advantage from both wireless and wired systems as network framework. The end point connected cordlessly by the terminal is Aruba Access Point (AP-70, IEEE 802.11 a/b/g). The wired is made out of backbone switch (10 Gb/s) at computer room, distribution switch (1 Gb/s) from the computer room to each floor, and workgroup switch (100 Mb/s) at each floor. The major component of a server group is a mobile server which recovers information from the legacy (Barati et al. 2016) framework and gives them to the terminal. The legacy system stores all the result of transactions using SIMS by responding mobile server's request. OS and database management system (DBMS) on the mobile server are Windows Server 2003 and M ySQL 5 respectively. The development tool used for mobile server software module was NetBeans 6.0. The legacy system uses HP (Hewlett-Packard) integrity Superdome as hardware, HP-Unix 11.23 as Operating system, middleware is TMAX 4.0 and for Database management system it is Oracle 10g respectively. Usability of dr. Smart s: To use Dr. Smart S. on a smartphone, the app has to be downloaded from Play Store. After downloading the app, you have to register yourself with authentic information. The encrypted user ID and Password are then transferred to the mobile server using wireless connectivity. The user will be connected to the mobile server even if the user doesnt know network preferences. The authentication process consists of two levels using MAC address of terminals as compared with information provided by the legacy system with users ID and password check. The two level authentication processes are specially designed for confidentiality of patients data even if the phone is lost. A further added feature is the limited access to the users according to their designation. According to the SMC (Samsung medical Center) policy, the user will automatically be disconnected from the server if the system detects no user activity for some time. SMC (Samsung Medical Center) has installed cordless network AP at e ach floor, cafeteria, lobby and other places which doctors usually visit. Balancing online and offline promotion: In the past few years, Internet marketing has emerged drastically. Organizations are now able to communicate with more people, monitor their competitors, and get feedback from clients. Both online and offline marketing have advantages and disadvantages. As a business owner, it is necessary to figure out how to balance both online and offline promotion methods. For an organization, its difficult to manage both online and offline promotion methods. Both the methods should be connected directly in order to maximize productivity. It is necessary to combine your online and offline promotion strategies. SMC is concentrating on building a solid online presence. It has developed an efficient network of contacts. SMC uses both online and offline marketing strategies so when one fails the other can compensate the loopholes. SMC is making sure that every penny spent is advertisement counts. SMC is also taking full benefit of TV commercials to bring individuals to their website. SMC is using offline techniques to promote online promotion methods and online techniques to promote offline promotions. The site URL is available on every brochure and awareness paper published by SMC. Business Strategy In spite of the experience, it is conceivable to convert procedures and strategies into individual activities, for an effective business performance. But it is not easy to achieve. Many organizations over and again neglect to motivate its employees and clients to work with enthusiasm, all together, for the prosperity of the organization. (Habibi et al. 2015) Most organizations and associations know their business, and the techniques required for the achievement. The essential elements to draw a strategy are: Motivational leadership: Solely focuses on achieving sustained performance through value-based leadership, personal growth, and planning by efficiently recognizing human dynamics. People look towards their leader for guidance. Leadership is the core element in transforming strategy into results. Effective leadership always makes a difference in determining the path of an organization. The productivity of a company is dependent on the internal infrastructure which includes every aspect like ethical and moral behavior, working standards and environment. Strategy into Action: Strategy in action planning is a staged methodology highlighting the performance, connecting strategic measures to the departmental, project and singular action. (Forro et al. 2015) The main objective is to empower the organization to adequately decipher strategies through to results carried under a clear and effective process. Including the right individuals is fundamental to make right choices on priorities, and making action plans that are aligned and clear. Performance Management: Performance management is the development of hierarchical procedures and abilities important to accomplish results through individuals delivering adequate results. To draw an efficient strategy in papers is quite ravishing but implementing those strategies in real time is often hectic. (Malmstrom et al. 2013) Most of the organizations have excellent strategies but poor implementation. Performance Management is a key component in getting the entire association adjusted and assembled to achieve goals and work cooperatively together to deliver expected results. The increase in performance management is empowered utilizing IT system. Legal And Ethical Issues Health care is an unpredictable domain where the health experts work with numerous regulations, laws and standards of practice. Doctors have to make difficult choices keeping both ethical and moral aspects in mind. Numerous moral situations emerge when a choice must be made to kill life-support machines and permit death to occur to a patient. Other common moral and ethical issues, a health care expert may face, are privacy, matters related to consent of the patient and relationships with patients, particularly while treating the minors. (Chaffey et al. 2012) Confidentiality Confidentiality is both, a lawful and a moral issue. Keeping data around a patient confidential is a way of showing regard for the self-respect of patients, while disclosing patient's data can affect the patient. There are specific laws related to the the release of patient's data under the HIPAA (Health Insurance Portability and Accountability Act). The laws characterize precisely what data can be discharged and to whom under what circumstances. As the Insurance policy might not be allowed to view patients data while a person that have direct impact of patients health might be allowed to have direct access of data. If there's some risk to a third party involved, a moral and ethical medical professional might have to break the confidentiality to prevent any harm. Relationships: Relationship with any patient, especially sexual connection, are categorized illegal by both the medical and nursing code of morals. (Simmons Conlon 2013) Such activities are viewed as unhealthy and misconduct that might bring about suspension from the institution and lose the license to practice medicine. A sexual relationship with any under treatment patient thought to be a misuse of force with respect to the doctor or medical attendant, as patients are reliant and helpless. (Foerster 2015) A sexual association with a patient can be exceptionally unsafe, and a moral specialist will stay away from the patient even in the presence of sexual enthusiasm for a patient. Malpractice: Many health care professionals face the risk of being suspended for malpractice. A claim might be damage from a damage identified with surgery, defective equipment or use of inadequate medical products. (Schilsky 2013) The danger of lawsuit is the end goal that numerous social insurance experts practice defensive medicine such as requesting a test or performing a procedure to guarantee that the patient can't allege carelessness. Consent An informed consent must be provided by the patient for treatment to be lawful. Any operation performed by doctors without legitimate consent is categorized as assault. When treating an adolescent, the medical proficient faces a clash of morals and ethics under specific circumstances. (Eid El-Gohary 2013) The expert may trust that guardians ought to be kept informed of their child's health issue. Conclusion: Strategy Evaluation is as significant as the formulation of strategy since it defines the proficiency and adequacy of the comprehensive plans to achieve the expected outputs. The authorities can also survey suitability of the current procedure in dynamic world with political, financial and technological advancements. Strategic evaluation is the last step of strategic administration. (Michael 2014) The importance of strategic assessment is its ability to coordinate the tasks done by managers, departments, groups etc. through control of execution. Strategic evaluation is noteworthy on while considering numerous elements, such as creating contributions for a new strategic planning, an urge to review, appraisal and reward, judging the legitimacy of the strategic decision and so forth. It is a direction in which the strategy makers set the goals and numerous ways to accomplishing them. It deals with making decisions about the future bearing of an association and implementing them. It helps us in determining the path of an organization on which direction it is moving. Without any prior set of instructions to implement the strategy, a company cannot survive. Moreover, strategy evaluation is far better for running an error free operation. In fact, it is much better if the set of instructions are initially formulated. However, the strategy should be in accordance with the evaluation me thod. This is how we strategy evaluation is performed. One way or the other, such planning always helps the company to improve its operations. Importance of strategic management: Strategic management is a continuous process of assessing and controlling the business and the industries of an organization. It assesses its competitors and sets different objectives and strategies to meet all the current and potential contenders, and then reevaluate strategies to decide how it has been implemented in the system and whether it was effective and efficient or does it needs any sort of substitution. Strategic Management gives a detailed viewpoint to the workers of an organization and allow them to judge so they can better access how their job fits into the whole hierarchical organization and how it is co-identified with other authoritative individuals. (Cascino et al. 2014) Strategic management is the art of overseeing workers such that it increases the overall capacity of achieving business targets. The workers can comprehend the response of ecological changes on the association. One of the significant parts of the strategic management is to incorporate numerous functional areas of the organization and to guarantee the practical regions blending together. Another part of strategic management is to watch out for the objectives and goals of the organization. In the modern world, for the survival of an organization, it is necessary to plan the future of the organization than working on today. (Hamdan 2012) Companies like Nokia, Kodak etc. were busy in serving their clients that they forgot to formulate their future. Samsung is making sure of not becoming one of them. The sustainability Samsung Medical center (SMC) is best example to see how successfully Samsung has implemented the management strategies and set their future goals. Strategic management is an independent department where the strategies have to be formulated keeping in view the limitations of the company. In some scenarios, the management needs to be very careful about the legal and ethical obligations. In short, the strategic management is responsible to make the operations successful and it plays a very important role for the development and growth of a company. If the strategy evaluation process is properly defined then, it is easier to achieve the desired goals and objectives. In fact, the company finds the right direction and starts making progress rapidly. The importance of strategic evaluation can be assessed by looking at the infrastructure of the company. Strategies need to be formulated in a very timely manner with respect to all the legal and ethical values. Therefore, the significance of the strategic evaluation process can be explained and defined as one of the major pillars of the company. The case study above explained how scenarios vary and how they can be handled with an effective strategic evaluation process. 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