Education Policy In Bangladesh Essay

Introduction â€Å"Insurance is a way of protecting against these financial losses†. â€Å"General insurance or non-life insurance policies, including automobile and homeowners Policies provide payments depending on the loss from a particular financial event†. Anyone who owns an asset can buy insurance to protect it against losses due to fire or theft And so on. Each one of us can insure our and our dependents’ health and well being through hospitalization and personal accident policies. In this report we tried to show that how general insurance business operates in Bangladesh & how important it is for economy & what types of problem it faces in our country. Objective of the Study Primary objective The main objective of the study is to know how the insurance business works in our country. Secondary objective: The case study has the following objectives: To know about the insurance company (Based on three insurance companies.) To know about general insurance & its classification. Company Overview Green Delta Insurance Company Limited (GDIC) is one of the leading private non life insurance companies in Bangladesh. GDIC was incorporated in December 14, 1985 as a public limited company, under the Companies Act 1913.  Actual operations started on 1st January 1986, with a paid up capital of BDT 30.00 million. Now, Green Delta Insurance Company Ltd. is amassed about BDT 637.875 million with a credit rating of AA1 and ST1. GDIC holds the proud distinction of being the first ever company to raise its paid up capital to such a level. This is also the 1st Insurance Company in Bangladesh to have equity partnership with IFC. With a presence in the strategically important parts of the country, which includes 38 branches, Green Delta Insurance Company Ltd. has established its prominent presence with equity participation in Delta Brace Housing Ltd., Progressive Life Insurance Co Ltd, United Hospital Ltd. Fin Excel Ltd. and BD Venture Ltd. Green Delta Capital Ltd. and Green Delta Securitie s Ltd. are two of the direct subsidiaries. GDIC provides stock brokerage services through Green Delta Securities Ltd. (GDSL) and investment supports through Green Delta Capital Ltd. (GDCL). As a part of the recognition for the contribution in the development of the insurance industry and for maintaining the standard of service, the company has been considered as one of the top 500 companies according to the renowned Rating Agency, Dun Bradstreet Rate Agency of Bangladesh. The company has also been awarded with many national and international awards like –‘’ICAB National Awards’’ for Best Published Accounts, ICMAB Best Corporate Award in Insurance category, ‘‘Certificate of Merit’’ for the Best Presented Accounts Award in the category ‘Insurance Sector’ by the South Asian Federation of Accounts (SAFA), ‘‘International Quality Crown Award’’ by BID International in London, The BIZZ Award by World Business confederation of Business, USA for leadership, Excellence in a management, Quality and Marketing, ‘‘The Diamond Eye Award For Quality & Excellence’’ by BID OTHERWAYS, The Platinum Technology Award for Quality & Best trade name by Association Other Ways in Berlin, International Star Award for Leadership in quality in the Gold, Platinum and Diamond categories and many more. With the slogan â€Å"Marches with time† – during the last 28 years – GDIC has been helping people in their time of need; pulling out all the steps when needed, and has been proud to be a partner in progress. Our Vision Our vision is to mature into a sustainable, coherent organization, raise competitiveness to the highest level in the insurance industry, maintain  high profitability & balanced quantitative growth and exceed customer’s expectations by offering legendary services, embrace a new corporate identity and creative corporate culture. Our Mission Our mission is to create shareholders value through customer’s satisfaction and employee’s commitment to excellence. Our Strength Constant pursuit of suitable strategies has made the company the leading insurer of Bangladesh for over two decades. Our Belief We believe that client must stand at the center of our all activities. We have the ability to optimally fulfill the client’s needs based on risk management with minimum cost and personalized services Finding: Products & Services Corporate Risk Management Industrial All Risk Insurance including Machinery Insurance and Business Interruption Property All Risk Insurance including Business Interruption Electronic Equipments and Computer Insurance Professional Indemnity Insurance Comprehensive Machinery Insurance Comprehensive General Liability (CGL) Product & Public Liability Insurance Directors and Officers Liability (D&O) Fire and Allied Perils Insurance Marine Cargo and Hull Insurance Financial Cash-in-safe, Cash-in-transit & Cash-on-counter Insurance Portfolio Cover Credit Card Indemnity Insurance Bankers Blanket Insurance Bank Lockers Insurance A.T.M. Booth Insurance Banc assurance Retail & SME Fire and Allied Peril Insurance Marine Cargo and Hull Insurance Personal Accident Health Insurance Overseas Mediclaim Insurance Micro Insurance Micro Health Insurance Nibedita-Comprehensive Insurance Policy for Women Household Insurance Motor Insurance Peoples Personal Accident Policy Comprehensive Travel Insurance Conventional Aviation Insurance Automobile Insurance Workmen Compensation Insurance Miscellaneous Insurance Engineering Insurance (Erection all Risk, Contractors all Risk, Deterioration of Stock & Boiler & Pressure Vessel Insurance, business intemiption Crop Insurance Nlbedlta-Comprehensive Insurance Policy for Women Weather Index Based Insurance Investment & Portfolio Management Underwriting Pre-IPO placement Syndication Trusteeship Green Delta Insurance is known for its innovation and services. Today ´s competitive insurance market is driving the market to think and Winovate now products and services and GDIC have been doing with its authentic. Beside the Traditional insurance portfolio GDIC introduced following personal line of products in last year and some them are in pipeline: Health Insurance Household Insurance Nibedita-Comprehensive Insurance Policy for Women Cellular Phone Contingency Insurance Weather Index Based Insurance Personal Accident Insurance Policy for Migrant workers It is matter of great pride that GDIC has introduced an insurance product first time ever in Bangladesh which is designed only for the females named as Nibedita-Comprehensive Insurance Policy for Women. GDIC has also designed first ever Weather Index Based Insurance for the farmers of Bangladesh which will be launched shortly. In Briefly Fire Insurance Basic cover: Fire Lightning Explosion(domestic) Damage during or immediately following Fire caused by – smoke, scorching, Falling walls, water used for extinguishing Fire, blowing up building for preventing Spread of fire. This coverage can be extended to include other perils by the additional premium; Riot, Strike Terrorism Storm, Flood Subsidence Landslide Aircraft damage Bursting or overflowing of tanks. Health Insurance The health policy provides for reimbursement of hospitalization/domiciliary hospitalization expenses for illness/disease suffered or accidental injury sustained during the policy period. Under this scheme the expenses for treatment in a hospital for an illness or injury are insured. It does not cover for any expenses in respect of domiciliary or outdoor treatment. Covers: Hospitalization due to accident or illness. Ancillary services like ICU/CCU room, post-operative room, blood transfusion, special investigations, etc. Labor room services. Intensive care facility. Oxygen therapy. Skilled nursing services. Blood transfusions. Ambulance services. Dressing while in confinement and test other than the routine investigations. Marine Insurance The oldest branch of insurance. Comprises: a. Cargo Insurance. b. Hull Insurance. Lloyd ´s is the famous world ´s Marine insurance market. Marine Insurance Act 1906. HULL INSURANCE Concerns the insurance of ships. Hull, machinery etc. CARGO INSURANCE Plays an important role in domestic trade as well as international trade. Provides insurance cover in respect of loss of or damage to goods during transit by –rail, -road -sea -air Burglary Insurance Scope of Cover Lost by burglary Housebreaking following upon an actual forcible and violent entry into or exit from the premises by the person or persons. Then the company will pay to the extent of such loss to the extent of the intrinsic value of the descriptive value of the insured. Exclusions: Theft by persons lawfully on the premises. Any legal liability, Loss or damage during the progress of or following upon fire or explosion. Earthquake, war, Riot, Civil war, Invasion etc. Uncover able property: Deeds, bonds, stamp collections, bank or currency. Theft by persons lawfully on the premises. Any legal liability, Loss or damage during the progress of or following upon fire or explosion. Earthquake, war, Riot, Civil war, Invasion etc Company overview Delta Life Insurance Co. Ltd. established mainly through the initiative of a group of Bangladeshi professionals then working abroad along with a few enthusiastic local entrepreneurs, started its operation in December, 1986 after the Government of Bangladesh allowed the private sector to operate in the insurance sector in 1984 to carry on the business of insurance in the Private Sector. A brief explanation as to the growth of life insurance business in Bangladesh is in order here. Bangladesh declared independence from the Pakistani rules on March 26, 1971 following which she had to witness a bloody liberation struggle with the occupation forces lasting for 9 months before they were defeated. Insurance business which was exclusively carried on in private sector before independence was nationalized after liberation in 1972 primarily to address the emerging situation of eroding public confidence in the industry that was left staggeringly short of resources in the face of huge losses caus ed by the war of liberation. After a series of experimentation, a state-owned body, namely Jiban Bima Corporation (JBC), established in May, 1973 for transacting the life insurance business, took over the assets and liabilities under life portfolios of all erstwhile private insurance companies and started business in its own name. Since inception, Delta Life set before itself a high  standard of all round performance coextensive with professional soundness and proficiency. It soon made a mark in the life insurance arena by not only being the leader among the private sector indigenous companies, but by undertaking and successfully implementing innovative and welfare oriented life insurance schemes. It introduced an array of conventional life and group insurance products – many of which were the first in Bangladesh. For the first time, health insurance products were also introduced by Delta Life. But more importantly, in fulfillment of the avowed commitment towards social development, Delta Life for the first time not only in Bangladesh but probably in the World, devised and introduced micro-life insurance-cum-savings products specially suited to the needs and pockets of poor people of the country who constitute more than 80% of the people of Bangladesh. Two projects of the company namely Grameen Bima for the rural people and Gono Bima for the poor and marginal savers of the urban areas were initiated to devote them slave exclusively to marketing and management of these innovative products. We are happy to report that we have achieved a good measure of success although there is a long way to go. These schemes that we have introduced have created great stir and enthusiasm among the general mass who, before these projects started functioning, could not even dream of owning a policy that provides the much needed life insurance coverage along with facility of regular savings on a long-term basis. At a later stage i.e. in the year 2002, the projects were merged into a division of Delta Life, namely, Gono Grameen Bima Division. The GNGRB Division has been growing at a first rate of more than 25% p.a. for the last couple of the years and is poised to maintain this growth rate at least in the next five years or so. Delta Life can take pride in moulding the saving habits of the lower and middle class people and transforming them into prospective policyholders. The potential is now so strongly perceived that all life insurance companies – old and new alike – operating in the country have started their own micro insurance products. Finding Ordinary Life Insurance Delta Life offers a wide variety of ordinary life product/plans ranging from the most common endowment type to more modern and sophisticated plans like endowment with open term, pension plan with built in provision for  increasing pension, increasing protection with provision for premium refund etc. The plans have been designed keeping in view the diverse and multifaceted needs of the insuring public belonging to different strata of the society. Some of the popular plans are briefly described below. Group Life Insurance Group Insurance is an instrument for providing life insurance coverage (protection) to a number of individuals under a single contract (policy) who are associated together for a common interest other than insurance. It is the most cost effective means to provide immediate financial support to an insured member and/or his family in case of devastating events like-death, disability, disease as well as retirement. Group Insurance has already established its importance as a component of â€Å"Employee Benefit Package† in Bangladesh. Exclusive features of Group Insurance are: Insurance coverage to a number of individuals under a single contract. Simple insurable conditions Easy administrative procedure Prompt claim settlement Affordable premium Tax exemption on premium Delta Life offers a host of Group-Life Insurance schemes from which an organization/ employer may choose for benefits of its members/employees, as may best serve their interest according to organizational setup. To be treated as a group, the following criteria need to be fulfilled. A â€Å"Group† Should comprise of at least 15 members It should be a legitimately organized body Group clients of Delta Life Insurance Company Limited include: Semi-Government organization, autonomous bodies Private, Non-Government Organizations (NGO’s) Educational & Financial Institutions Public Limited Companies Associations, Business organizations etc. Group Life Insurance Schemes offered by Delta Life are of two types: Traditional Schemes: For insurance coverage of members/employees of a Group Exclusive Schemes: For insurance coverage of clients of Financial Institutions Traditional Scheme: These are the commonly offered â€Å"Group-Life Insurance† schemes and are also known as Basic Schemes: These are: Short Term Contract Group Term Life Insurance Scheme (GT) Group Term Life with Premium Refund Scheme (GTR) Long Term Contract Group Endowment Life Insurance Scheme (GEN) Group Pension Scheme (GP) There are several variants of Basic Schemes. Examples of two variants of GTR are GTR-100/10: Group Term Life with 100% Premium Refund after 10 years GTR-50/10 : Group Term Life with 50% Premium Refund after 10 year Health Insurance Health Insurance is now considered indispensable in developed countries. In the present financial-social perspective of Bangladesh as well, Health Insurance has now become an essential, dependable, acceptable and the most cost effective means to make the modern treatment facilities affordable to all socio-economic classes of people, especially the fixed income group. As a pioneer of Health Insurance in Bangladesh, Delta Life Insurance Company offers several Health Insurance Schemes, which are as follows: Hospitalization (In-patient) treatment coverage plans Hospitalization Insurance Plan (Group)- offered to Members of a group and their dependants (if desired) Hospitalization Insurance Plan (Individual) – offered to an Individual as well as his or her dependant family members also known as â€Å"Delta Care Hospitalization Plan†. Out-patient treatment coverage plans Out-patient Insurance Plan – Offered as an adjunct to Group Hospitalization Out-patient Management Plan – Offered as an adjunct to Group Hospitalization Overseas treatment coverage plan for travelers Overseas Medicliam Policy (OMP) – A pre-requisite for visa application offered only to Individuals traveling abroad. Hospitalization Insurance Plans Covers in-patient (Hospitalization) treatment expenses of an insured member Expenses Covered under Hospitalization Insurance Plans Hospital Accommodation Consultation Fee Medicine & Accessories Medical Investigations Surgical Operation Ancillary Services like Blood Transfusion, Ambulance Service, Dressing etc. General Features of the Scheme No need for preliminary Medical Examination during enrolment. Treatment coverage round the clock inclusive of Accidents and Emergencies. Coverage offered to Bangladeshi National as well as resident foreigner. Treatment at any renowned hospital or clinic by consultant of own choice. Preferential service at Designated Hospital. Direct payment of treatment expenses by the company at Designated Hospital. Reimbursement of expenses for treatment at non-designated hospital. Membership ID card for each insured to facilitate preferential services. Option for Maternity Benefit and Overseas Treatment coverage. Provision for inclusion of Spouse & Children under the plan. Provision for inclusion of new member under the plan. Coverage up to 65 years under Group HI & 60 years under Individual HI plan. Two types of plans with several benefit grades to choose from. Option to choose more than one grade according to status of the members of a group. Option to alter benefit grade during renewal. Gono Grameen Bima Delta Life first launched Micro-insurance product in 1988 through its Grameen Bima Project (GRB) to cater to the necessity of economic protection against premature death and of disability as well as providing a way for regular savings for the poor and low income group of people living in villages. Later it started another project in 1994, namely, Gono Bima (GNB) for the urban poor and the low income class. These projects are now merged under the  name of Gono-Grameen Bima Project (GN-GRB). The initial problems apart, the project started to yield impressive results right from the beginning by creating great interest among the target population who could not even perceive an institutional arrangement through which the ever present problems of insecurity of life could be addressed. To suit the needs and pockets of the target people, and for efficient management of these portfolios, some of the age-old traditional concepts of carrying on life insurance business had to be diluted and in some cases replaced by simple and straightforward practices. Yet, the results are so encouraging that Delta Life is now regarded far and wide as the undisputed leader espousing the cause of welfare of teeming millions and its experiences are now used to advantage not only by indigenous companies but also other micro-savings organizations abroad. Target Group and the Product In GN-GRB the formalities are minimum. Insurance Cover is given under Group Insurance concept. A person interested in a policy submits a simple two-page proposal form; it is signed or thumb imprinted by him or her. There is no need for medical check-up. The person needs to be between 18 and 45 years of age, have a monthly income of Tk. 5,000.00 (US $100.00) or less, be of good health and supply a Declaration of Good Health (DGH) at the time of submitting the Proposal form. Death through pregnancy complications within the first year of the policy and death through suicide in the first year of the policy are not covered under an â€Å"exclusion clause†. Simple endowment with profit policies are offered for 10 and 15 years term both with premium payment mode being weekly or monthly. Premium rate is the same irrespective of age at entry. Besides this plan, new plans like three-payment plan with 12 and 15 years term and double protection endowment plan have recently been introduced . Policy Documents Upon acceptance of the proposal, a pass book is issued to the policyholder detailing all terms and conditions of the policy. The pass book serves as the purpose of recording of all payments made by him towards the policy. There is one group policy document for the policyholders of each Thana or Block. For individual policyholders the passbook serves as policy document. Micro Investment (Loan) GN-GRB gives small project loans to its policyholders on a group liability basis. No collateral is required. There is 20% service charge on the loans, which is calculated at a flat rate and added to the principal amount. The loan, together with the service charge, is repayable in 12 equal monthly installments. The repayments are collected from door to door by the organizers. Recently a decision has been taken to establish small collection booths in the villages. A person must be a policyholder and pay premiums for at least one year before being eligible for a loan. The maximum loan given is Tk. 5,000.00 (US $100.00) per policyholder. The loans are for income generating activities (IGA) only. Policyholders form a committee of 5 to 7 members. 3 policyholders selected by the committee are given the first loan. After recovery of 3 installments from each of the first three borrowers, the next 3 are given their loans and so on. As a general rule, 60% of the premium income of an area and 40 % of the repaid loan of an area are available for loan in that area. Also 100% of premium collection of a committee is available for loan to that committee. Company overview Crystal Insurance Company Limited is one of the leading general insurance (Non Life) company in private sector in Bangladesh. The company transacts a wide range of General Insurance business in Bangladesh and expertise in the field with sound and stable financial position. Our Mission To provide prompt, efficient and professionalized services for maximum risk coverage of the insured. To provide insurance coverage at the most competitive premium rate ensuring maximum security. To promote Human Resource development and professionalism in insurance business. To settle insurance claim promptly. CICL believes in the quality of the deals struck rather than the quantity of it. With our knowledge and expertise it is our commitment to the insuring community to deliver them the highest standard of security and professionalism. Finding Fire Insurance Fire Insurance Policy (including R & SD, Flood, Cyclone & Earthquake coverage) Industrial All Risks (IAR) Engineering Insurance Machinery Insurance {Machinery Breakdown Policy (MBD)} Deterioration of Stock (DOS) Boiler and Pressure Vessel (BPV) Electronic Equipment Insurance (EEI) Erection All Risk Policy (EAR) Contractor’s All Risk Policy (CAR) Motor Insurance Motor Insurance for Commercial Vehicle Motor Insurance for Private Vehicle Motor Insurance for Motor Cycle/Scooter Marine Cargo Insurance Marine Cargo Insurance transit by Steamer or Power Vessel Marine Cargo Insurance transit by Rail/Lorry/Truck Marine Cargo Insurance transit by Inland Rail or Road Conveyance Marine Cargo Insurance transit by Inland Cargoes (water borne) Marine Cargo Insurance transit by Air Cargo Miscellaneous Burglary & House Breaking Insurance Cash-in-Safe Cash-in-Transit Cash-in-Premises Cash-in-counter People personal Accident Workmen’s Compensation Policy Business Interruption Overseas Med claim and Holiday Insurance Public Liability Policy Product Liability Policy Consequential Loss Householders Comprehensive Policy

British Petroleum

Takeover refers to the purchase of one company by the other and technically deals with acquisition of a listed company by one or more companies which are at better financial and economic position than the company being acquired. BP is on verge of a takeover and the following paper presents analysis of the company. The company is British owned and it has branches in various countries around the globe.The institution is found in energy industry and its one of the biggest and most valued energy supply and distribution institution in the world. Theoretically the history of the company is very complicated as it’s very rich, varied and unique status. The following paper gives complete analysis of problems facing the company especially the one involved before and after the drastic oil spill in the Gulf of Mexico and consists of references to various journals, business literature, and scholarly literature materials.This paper describes the activities and discusses the conventional rea sons for a takeover, their advantages and disadvantages, and strategic considerations that can be made to prevent a possible takeover. Introduction British petroleum (BP) company is an international energy production and supply company with its head quarters London, United Kingdom. By margin BP is the 3rd largest energy company and the 4th biggest company in the world (Datamonitor , 2009, p, 45).The company has operated in the energy sector for many years and it has gained reputation of being trustworthy thus it has instilled consumer loyalty across the spectrum. This company has experienced rapid changes and advancements in science and technology and presents numerous challenges to the company in relation to personal safety and quality management and also it entails issues like production costs, intellectual ownership of properties and products, competition and monopolies.The company is public held and its shares are traded in major stock exchanges globally including the London sto ck exchange, New York Stock Exchange and other stock exchanges in major cities all over the world with the trading symbol BP (Coffee, et al, 2000, p 98). The organizational original mission was to provide consumers with the right assortment of products, at the right quantities and price, and to provide excellent customer service through trained representatives.The organization current mission is guided by key core values: excellent customer service, care for people, entrepreneurial spirit, respect for all, building strong relationships, doing the right thing, giving back to communities, and creating shareholder value (Weston,2000 ,p ,87). BP success is based on mutually beneficial partnerships with diverse and competitive suppliers, allowing the company to deliver a wide assortment of superior, yet low-cost products and services, combined with superb customer service, and focused towards increasing shareholder value.The company employs over 210,000 employees and tends to serve more than a 300 million customers worldwide (Van & Schroeder, 1984, p 29). With the current problems facing British Petroleum in the Gulf of Mexico following the deepwater rig explosion which was caused by what has been described as the worst US ecological disaster ever, the Company's share price has fallen steeply and according to some commentators this could trigger a takeover of the business by one of its big competitors such as EXXON MOBIL, SHELL or even PETROCHINA (FINANCIAL TIMES, 2010, p 34).The catastrophe has plunged the company’s stock price as well as its reputation, and public image following the catastrophe have led to speculation regarding the company takeover due to the fact that the company is experiencing financial problems, huge losses as a result of oil spill and poor handling and management of the oil spill (Armstrong, 2003, p, 23). The above mentioned issues have been viewed by many to have been caused by poor leadership and decision making techniques in regar d to the way the management handled the oil spill.With the current troubles facing British Petroleum (BP) in the Gulf of Mexico, there is possibility of acquisition or takeover and hence a research paper which tries to come up with the relevant information in trying to establish some of the major factors that have been influencing the anticipated takeover (Ansell & Park, 2003, p 47), Identification of Industry and possible takeover Competitors The company is found in the energy industry and mainly concentrates in oil exploration, supply, and distribution.The industry deals with all assortments of energy products including oil, wind, solar, hydro power and other related energy products and services. This industry is one of the most contended ones with many rivals who produce similar products and services . The top competitors of BP include EXXON MOBIL . SHELL and PETROCHINA; with SHELL being the strongest rival of BP (Maxwell , 2002, p, 29). The company has a global presence and has assets in most areas of Africa especially central and western Africa, China and South American states like Venezuela and Uruguay, but the United States and Russia are its largest market.As mentioned earlier, BP is the third largest energy company in the world and the fourth largest company in the world (Kwon, 2008, p, 87). The possible competitor for the takeover has been indentified to be Exxon Mobil for the reason that the company is American owned and its operations and performance over the years have been above par compared to other rivals. Companies like Shell and Petro china though internationally recognized, their operations are not augmented like those of Exxon Mobil (Johnson, 2010, p 19). Description of the Organizational ProblemsDifferent organizations experience different problems depending on the nature of the organization, the economic situations, the political interruptions, and the human interference. Once these problems occur within a corporation, it tends to affects the organization core responsibility to extent of being unable to provide adequate and quality services to its clients and individuals relying on it. The occurrence of these problems can be a very damaging issue if they are hard to evaluate and solve (Kesler, 2008, p 49).With the British Petroleum (BP) company, there a number of issues and problems that has been constantly hounding it. Most of the organizations problems and causative agent for the possible takeover have possibly resulted from the oil spill in the Gulf of Mexico and lack of teamwork and capacity building in relation to the employees during the fixing of the oil cap to reduce massive leakage. Due to this, there have been reduced prices of the company’s stocks all over the world due to market fears of possible losses and public loss of confidence in the company.The increased failed management in the corporation resulting from the management poor skills in handling crisis has sometimes been leading its operation s to the wrong direction. The poor handling of the oil spill by the company executives is one good example of the management laxity and the probable cause of the proposed takeover . It must be agreed that BP has been faced with lack of skilled and effective managers offering effective managerial services thus leading it into poor leadership and decision making processes (Lochhead, 2009, p 67).As we have noted, most of the problems faced in this organization have been caused by the oil spill and ongoing economic recession, and others are related to inability of workers to work together. Since there was poor handling of the oil spill, the company has been in bad relationship with the neighboring community and it has not been able to fulfill its social responsibility function due to constant bickering and interference from the American government (Snell & Dean, 1992, p 50).In conclusion, the major issues contributing to the proposed takeover of BP is the matter of financial problems re lating from the management of the oil spill, whereby the company has spent billions of shillings in controlling the spill and eventually the company has been forced to sell some of its assets in Russia to cover the costs, and this has not been going well with majority of shareholders due to fact Russia is one of its biggest market. Lack of trust from consumers and American government is another factor that has led the company to opt selling its assets to its competitors (Maxwell, 2002, p 98).BP Proposed Takeover Definitively, takeover refers to purchase of one company by the other and technically deals with acquisition of listed company by one or more companies which are at better financial and economic position than the company being acquired. Takeover occurs in situations where a company wants to save itself from financial problems and also happens in situations where the company wants to secure limited market, channels of distribution, consumers and supplies.In any kind of organi zation, takeover or acquisition are quite significant since they play a major role towards the overall achievement of the given business or organization. This has to be done in a delicate manner that ensures all areas and aspects of the organization have been greatly considered. When the issue of takeover is being discussed about in a given business or any other kind of organization, it is very important to think of the manner in which the operation will be coordinated and thus employ the necessary personnel and practices which shall promote the performance of the organization .It is important to note that, without managing the human aspect and all other resources being utilized in the business, it may not be possible to achieve the goals and missions of the organization (Stern & Chew, 2003, p 90). One of the major reasons for British petroleum proposed takeover is as a result of the financial and social problems resulting from the oil spill in the gulf Mexico. From â€Å"NEWSWEEK Journal of 04. 06.2010, the spill has costed the company sums of money to the tune of over 19 billion dollars covering both the cost of cleanup and compensation to individuals affected and penalties to the American government. The performance of the company has dwindled in the recent days and in the first quarter of the year; the company has made losses amounting to over 20 billion dollars. Since corporate takeover entails two key types that include hostile and friendly takeover, BP takeover assumes that of hostile nature for the reason that the company is unwilling to engage in any dialogue relating to acquisition of its major assets.Hostile takeovers generally occur in situations where the board of directors is unwilling to relinquish its position and the company, while the company is performing way below par in terms of operations and financial management. This is the case with BP since the company CEO Tony Hayward has not viewed it has a possibility and has publicly stated that on a number of media outlets. A takeover in ensuring there is such form of safety can basically include a number of one or more different components within the totality of the institutionalized system.Such safety provisions include change in an organization and necessary management, safety policies, organizational procedures, and other emergency procedures and responses which have been put in place (Liu, 2006, p, 65). Advantages of BP takeover 1. One major advantage of BP proposed takeover is that once realized, the firm which was poorly managed prior to the acquisition will undergo valuable management and performance rectification due to changes that will occur in its management structure .The changes in corporate structure including modification and replacements of executives and senior staff will guarantee and repair the organization dented reputation. For the reason that the organization acquisition will involve a moderate debt to equity ratio, the company will also negotiate th e acquisition deal since it poses a controlling stake in the global market (Van & Schroeder, 2008, p, 20).The company goodwill in the world is very highly rated and possible acquisition of the company assets will entail the purchase of this valuable non- tangible asset hence provide opportunities for making more funds from the sale. 2. The company shareholders will also benefit from the returns emerging from the acquisition due to fact the company has a positive capital value attributed from large shareholder base ,assets and properties it owns in the world.With immense global presence, the BP buyout will promote employees and shareholder interests as maintaining the company effectiveness, efficiency and loyalty (Fox, et al, 2008, p, 87). The company benefits from strong market share and sound economic position hence even after the buyout, the company products will still remain favorable in the global market due to the consumer confidence established before the oil spill. 3. The BP issue will only involve acquisition of the company shares and assets, and this will entail the concept referred to as strategic takeover.This concept is advantageous to the company and the company acquiring it since the firm will select and buy assets that are favorable to them and they will be able to negotiate the right price for the products without full approval of the shareholder and other regulatory bodies. When it comes to the takeover process, the approach is mainly aimed in ensuring that any forms of weaknesses and strengths have been disclosed, and especially the ones which might have diverse impacts on the process and operations being carried out.For the reason that the company has huge amount of liabilities and increased level of debt, takeover by its competitors will reduce its taxable income hence leading to reduced tax payments. The company taking over BP will acquire both its assets and liabilities, thus the company will be saved the burden of paying and compensating the victims of the accidents and penalties to the American government.BP take over will promote efficiency gains since it will be able to eliminate corporate value destroying effects that emerge from excessive diversification hence it will be able to reduce the organization debt ratio and increase its equity portion (Dunning, J 2004, and p. 97). Disadvantages of the Takeover There are a number of problems which have to be noted with the BP proposed takeover. To begin with, the acquisition tests to be administered in establishing whether the company is profitable will be very inaccurate.This might end up resulting in cases where a very strong company is bought using false benchmarks or current situations without the evaluating the overall organizational position and performance (Mok & Tillaart, 1990, 76). If implemented as proposed, the organization corporate restructuring will greatly affect employees and its shareholders. The company will be forced to downsize its operations and c urrent workforce hence this will result to increased levels unemployment due to possibilities of employees being laid off.Large number of unemployed individuals will impact on the overall community hence hindering its economic development and opulence (Liu, 2006, p 58). BP has a global presence and sudden acquisition of its assets in some African and Asian countries will not be taken well since majority of people have an intimate touch with its products and trademark hence transfer of its assets to other organizations will affect its social standard and responsibility to the community (Roger, 2008, p ,36). Another issue is that many companies won’t agree the bid for BP takeover due to the fear of huge liabilities owned by the company from the oil spill.Most of BP shareholders are large multinational institutions in Britain like insurance and pension funds and the takeover of the company will critically affect the United Kingdom economy thus affecting lives of many Britons and other shareholders all over the world. Proposed bid from its rivals especially Exxon which is an American company will cause diplomatic problems between the US and Britain. Coming from bitter criticism from president obama, the cold ties will eventually increase if there is a takeover of BP by an American company (Peter & Paulson, 2009, p ,56).Another problem that is likely to happen if the event of the takeover the UK political establishment will lose public confidence for the reason that it does not support operations of the company and form this their would be a likelihood of political problems in Britain, this is because majority of Britons are shareholders . With controversial handling of the case by American leadership, possible takeover of the company by an American company will be seen as a planned agenda since in many occasions the politicians have said the company could have performed better if it was owned by Americans.Many critics of the proposed takeover argue that tra nsactions between BP and its competitors will harm and dent the long term competitiveness of the company (Kwon, 2008, p, 56). British Petroleum (BP): Strategic Plans BP as one of the most reputable companies in the world ,though affected with the oil spill ,it has been conducting a number of business as well as marketing strategies which come up with strategic plans aimed at future performances so that they can prevent future events from happening (Ransom, 2000,p ,76).With the recent oil spill crisis, the organization strategic plans involves restructuring of the management ,employment of competent staff and instilling of concepts of teamwork and working together to both employees and the management. The company productivity and performance have been drastically affected and the institution sales have reduced significantly leading to a drop in its share prices by more than 40 % (NEWSWEEK, 2010, p, 23) . The crisis has reduced its current customer base and at the same time it has red uced the company sales by more 35% .With this issue of underperformance in mind, the company so far is aimed at increasing the its social reputation and sales and at the very time being in a position of formulating major marketing strategies which are applicable and can help it reach all the customers around the world in which the corporation has been delivering its services (Sapienza & Grimm, 1997. p 87). The marketing strategy for the corporation that entails use of economies of scale and wide distribution networks, and the company is anticipating offering some of the lowest prices in the industry.Moreover, the company is promising to offer a low-price guarantee which will ultimately beat any competitor’s price or match their retail value (Dennet, 2009, p, 154). BP is trying to enlarge their customer base through various marketing venues that include Television advertisements which are aimed to increase brand awareness. Radio advertisements, Digital media (for example e-mai l subscriptions and the Internet) which will provide efficient ways to disseminate information, coupons, and free expert advice and product demonstrationsWithin the business, the strategic plan will be done by incorporating all stakeholders and engaging in appropriate decisions which will promote performance (Johnnson, 2010, p, 46). This proposed strategic marketing plan will entail analysis of the company’s strengths, their weaknesses, and measure the amounts of resources at disposal, and then come up with adequate strategic missions which ensure better performance (Madura, 2008, p, 45).When effected, such strategies will have long term effects and will make the company realize its goals within the stipulated time period. Effective leadership and decision making skills, and communication have also been emphasized as a key element towards realization from the oil spill catastrophe. Basically to avoid the proposed idea of takeover, it should be noted that, it is through proper coordination and employment of such long term strategic plans that the corporation will be able to emerge on top of its business operations (Armstrong, 2003, p 29).Recommended alternatives to avoid possible takeover The current oil spill crisis calls for innovative product and development especially in light of the growing negative publicity that is associated with environmental pollution and loss of jobs (Robbins, 2008, p, 76). Therefore, the option that should be pursued by BP is for them to implement and initiate strategic development and management strategies that will make them remain viable in the energy market.As BP proceeds into the future, they must be vigilant to avoid poor decision making processes which will hinder them in handling major crisis since catastrophes are some times inevitable (Laura & Torrington, 2005, p ,98). BP’s biggest risk exposure includes: unpredictable economic and political conditions, increased prices in fuel and other supplies, customer re tention, and relations with foreign countries. In order to be prepared and least effected, BP must develop strategies that will allow them to remain profitable in an unsteady market.Suggestions would be for BP to remain current on the risks of oil spill and aware of the current and future relations with foreign countries. Another suggestion would be for BP to try and negotiate compensations and government penalties. (Brodie, 2010, p 78). BP has been one of today’s most respected corporations in the history of the world because it has the highest degree of business culture as well as ethics. Generally, this organization has been able to create highly rated performance when it comes to organizational effectiveness.The creation of more and more new management groups can be a good approach which can enable handling of the key problems which have been faced within the company and its eventual operations (Sorrow, 2009, p, 89). Also, there should be the presence of a dynamic and div erse workforce which can effectively ensure that this company is able to perform better within all its key operations because different ideas shall end up being brought together from people with development experience backgrounds thus improving its performance drastically.Another important thing that can lead to a great deal effectiveness at the BP shall be in the use of newer forms of technology thus being able to come up with better and intelligent products and services which can enhance all means product and social development thus increasing the customer base for the company (Robbins, 2008. p 56). If they are able to do so, they will be able to avoid risks resulting from takeovers.BP must devise strategies to offset problems resulting from ineffective management and lack of teamwork in part of employees to avoid occurrence of similar problems which have been recorded to be detrimental in its history of existence (Jeffrey & Bratton, 2001, p, 59). The rapid advancement of technolo gy along with the growth of robotics provides many opportunities for BP.If the company continues to focus on and improve their performance management, they have every bit of potential to gain a competitive edge in the industry . Social trends are moving towards a holistic and humble approach in all areas of life, BP does not want to get caught playing catch-up to its competitors. By following this strategy, BP will have the opportunity to gain revenue and increase market share regardless of the recent crisis (Auerbach & Alan, 1991, p 36). ConclusionTakeover is a very important approach which has to be keenly considered by BP so as to improve their performance by engaging all the individuals in the organization in acting and working in a manner which shall guarantee better performance with the organization This process is what holds the key towards the future performance of the business or organization and making it possible for it to achieve its goals within the stated time period. In that case, while adopting these patterns, managers should be aware of the functions and the tasks which have to done and achieved during the management process (Fox & Marcus.2008, p, 34). Generally after takeover, there are no winners or losers. In this kind environment, people normally appreciate and accept as true that thinking and decisions making are better when done cooperatively and individuals are able to show professionalism and discipline in workplaces ,and provide essential considerations that can help the work environment run efficiently. Also if a problem emerge or arise in the workplaces, employees should not hesitate to talk up on the issue. Individuals and organizations should understand what takeover means so that they can be guided by it and function diligently.Similarly workers and employers should be turned on by the strategy so that they can tap resources and establish a successful business entity. In conclusion we can say that takeover is a very important con cept in business and it encourages competition in the global market and promote common respect for each market leaders opinions and capabilities, Promoting takeovers in a firm is creating a good work culture that values collaboration (Brodie, 2010, p ,98). Bibliography Auerbach, Alan J. 1991. Corporate Takeovers: Causes and Consequences. Chicago: University of Chicago Press. Ansell, S. , & Park, J. 2003. ‘BP Tech Trends.’ Education Week, 22(35), 43. Retrieved from Academic Search Complete database.

Essay about Cheryl Postpartum Depression Theory - 2852 Words

A Middle Range Theory of Postpartum Depression: Analysis and Application by Jennifer R. Marsh, RN BSN Abstract: This paper examines Cheryl Tatano Beck’s middle range theory of postpartum depression: Teetering on the Edge. Concepts and definitions of the theory are outlined, as well as assumptions and propositions. The postpartum depression theory is further examined and evaluated in its relation to the field of nursing, its applicability to practice, and author’s scope of practice. Keywords: postpartum depression, Beck, pregnancy, Middle Range Theory For over 20 years, Cheryl Tatano Beck has focused her research on postpartum mood disorder and anxiety. In 1993, Beck published her middle range theory on postpartum†¦show more content†¦The result is mental and physical exhaustion that leads into the next described condition, enveloping fogginess, of stage 1. Symptoms of fogginess may include losing the ability to concentrate and/or loss of motor skills; thus leading to involuntary responses. (Beck, 1993). Stage 2 Throughout Dying of Self, women begin to no longer feel normal and sense as though their former identity is absent; often at times reporting robot like feelings that are void of emotion and caring. A woman will begin to isolate herself secondary to the loss of interest in former enjoyable activities, friends, and even family; ultimately leading one to contemplate and attempt self-destruction via thoughts of hurting self, baby, or even fantasizing about death (Beck, 1993). desire steps to resolution from conditions formed in the previous stage; however, many feel as though they are battling the system. While attempting to seek treatment, women often face disappointment, humiliation, anger, and frustration. The main reason that these new found feelings occur are due to the lack of assistance they receive from family members, friends, and even their primary care providers and/or obstetricians while seeking help. Women often turn to prayer for relief and seek solace in a support group (Beck, 1993). Stage 4 The final stage experienced in PPD is that of Regaining Control. One does not regain control instantly, it is a slowShow MoreRelatedPostpartum Depression And The Depression1430 Words   |  6 PagesThe postpartum time period is depicted as a joyful time for mothers, but in some cases it can be a time of calamity (Jevitt, Groer, Crist, Gonzalez, Wagner, 2012). Postpartum Depression (PPD) in women after childbirth is a common occurrence. It happens in all races, ethnicities, and socioeconomic statuses. PPD is a severe depression that affects mothers after childbirth. It involves serious depression, sadness, and loneliness. Cheryl Tatano Beck is a nursing theorist who is known for her workRead MoreEssay on Becks Theory of Postpartum Depression1688 Words   |  7 PagesBecks Theory of postpartum depression Theory is an attempt to explain the world around us. It is defined as a set of concepts, definitions, and propositions that projects a view of phenomena by designating specific interrelationships among concepts for purposes of describing, explaining and predicting phenomena. In the world of healthcare the nurse through the understanding of theories attempt to explain why nurses do what they do. Nursing theories are the creative products of nurses who seek toRead MorePostpartum Depression : Symptoms And Symptoms Essay4061 Words   |  17 Pages1 Running head: POSTPARTUM DEPRESSION 7 POSTPARTUM DEPRESSION Possibility of Predicting Postpartum Depression Stephanie Vasiljevs Charter Oak State College Abstract Pregnant women will be investigated to see if postpartum depression can be predicted and possibly prevented. The investigation will examine postpartum case histories, and academic journal articles, and secondary sources such as, text books and websites. Through this investigation, woman can find out triggers to

Three Themes in the Stranger by Albert Camus Essay

TROIS THEMES DANS L’ETRANGER D’ALBERT CAMUS In the novel, The Stranger, author Albert Camus confronts some important issues of the time, and uses the singular viewpoint of the narrator Meursault to develop his philosophy and effectively weave together themes of absurdity, colonialism, and free will. Through the progressive disruption of Meursault’s life and his characterization, Camus presents the absurdity of the human condition along with the understanding that a person can actually be happy in the face of the absurd. Camus also intentionally sets the story in the colonized country of Algeria, and hints at the racial tensions that exist between French-Algerians and Arabs.†¦show more content†¦(pg.30) Later, he will tell the judge, without remorse, that he killed the Arab â€Å"because of the sun.† In truth, there are extenuating circumstances for his crime: the preceding scuffle with the man, the beginning of sunstroke, the lack of premeditation, the consumption of wine, the reflex action of pull ing the trigger, and the defensive instinct taking over. But Meursault remains indifferent to murder, and fails to defend himself. Ironically, he is convicted as much for his psychological indifference, his selfish and anti-social behavior, and his lack of mourning for his mother, as for his actual crime. Somehow, when the prosecution was asked: â€Å"est-it accuse d’avoir enterre sa mere ou d’avoir tue un homme?† it was perfectly acceptable to assert: â€Å"j’accuse cet homme d’avoir enterre une mere avec un coeur de criminal.† (pg.47) What is equally absurd is that Meursault remains passive and detached over the course of a year of interrogations, and despite the pessimistic nature of his situation, he is able to feel a sense of comfort and belonging within the system trying to condemn him. Ironically, those witness testimonies that sought to free him prove to be the most damaging, and the religious people who surround him and purport to love all men unconditionally persecute him for his lack of belief. Everyone is astonished that Meursault has no emotions about the murder --no sense of remorse or desire to repent. Most men in his position findShow MoreRelatedAnalysis Of Meursault A Stranger To Society1026 Words   |  5 Pagesrealizes how meaningless and pointless life is and accepts his fate- wishing only that the crowds would scream their hate for him on the day of his execution. Albert Camus accurately depicts Meursault as a stranger to society, to himself, and to human emotions in general, while arguing fo r the philosophy of absurdism. Meursault is a stranger to human emotions. In Part I, preceding Maman’s funeral, Meursault sits by the window in his apartment. He makes observations of the happenings on the streetRead MoreExistentialism And The Absurd By Albert Camus1186 Words   |  5 Pageswork. In his various books, short stories, and plays, the French-Algerian writer Albert Camus relates to his philosophical beliefs: specifically existentialism and the absurd, as well as his connecting idea of rebellion. 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In page one hundred and two, the prosecutor states: â€Å" For if in the course of what has been a long career I have strongly as todayRead MoreKubler-Ross on Gregor Samsa and Meursault1589 Words   |  7 PagesIn the novels The Metamorphosis and The Stranger by Franz Kafka and Albert Camus, Kubler-Ross’s five stages of death are incorporated to emphasize the themes of individualism and isolation. While denial, anger, bargaining, depression, and acceptance are common emotions when dealing with death, denial, anger, and acceptance are essential in connecting to Kafka and Camus’s ideas regarding individualism. Through their experiences rela ting to those three stages of death, the protagonists, Gregor SamsaRead MoreAlienation Is Not A New Thing1640 Words   |  7 Pagesthinking created a sense of alienation for those rejecting social norms until the final break through occurred in society. 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When she told him that she loved him and asked if he loved her, Meursault responded: I answered the same way I had the last timeRead MoreEssay on Existentialism in Unknown Places1409 Words   |  6 Pagesthemselves first. Some very well known pieces of entertainment existentialism is found in are: Hamlet by William Shakespeare, The Metamorphosis by Franz Kafka, â€Å"The Yellow Wallpaper† by Charlotte Perkins Gilman, The Stranger by Albert Camus, and The Breakfast Club by John Hughes. The Stranger is a book written about a young man whose mother dies, which soon leads him to becoming acquainted with the feeling of not caring about what his actions do to others or himself. The main character Meursault startsRead Mor e The Rise and Fall of Existentialism1287 Words   |  6 PagesThe Rise and Fall of Existentialism   Ã‚  Ã‚   Existential literature often focuses on the personal journey towards existential awareness. Common themes in existential works, such as alienation and confrontation with death, often lead the anti-hero towards a climactic choice that defines whether they have reached true understanding. The themes within existential literature are reflected from the world at large, and the works themselves are a metaphor for a grander shift in Western philosophy. Read More Futility of Human Existence Exposed in The Guest by Albert Camus2321 Words   |  10 Pagesâ€Å"He who despairs of the human condition is a coward, but he who has hope for it is a fool† (Wyatt). As this quote by Albert Camus suggests, he was not a very optimistic writer. His gloomy look on life itself can be seen all too clearly in â€Å"The Guest†. The story itself deals with Camus’s idea of the futility of human existence: the only rational thing anyone can expect is death. Camus’s underlying philosophy is revealed from the very beginning of the story. The French title, â€Å"L’hote†, translatesRead MoreNew Media Expands Old Philosophy Essay2046 Words   |  9 Pagescommon themes that are followed. These themes fall under the general idea that reality is absurd and it is the responsibility of humans to make their own choices and accept the consequences of these choices in regard to the individual’s experience. Some of these universal themes appear as morals of the effects of not being an existentialist in the writings of existentialists who decided to share their own reflections in books, songs, and movies. Within existential literature, three themes, dread

The Hidden Facts About Academic Essay Writing Topics

The Hidden Facts About Academic Essay Writing Topics Details of Academic Essay Writing Topics Academic essay writing is a style that anybody can learn how to produce, as soon as they know the fundamentals of writing an essay. If it comes to PTE Academic writing, it's the easiest of all. So the skills you develop when writing essays won't only help you receive a job. An academic essay is a chance for you to display your critical thinking and analytical skills. Academic writing has ever played a big and central role for students all around the world. If you may write a suitable academic essay, it is going to support you greatly in your studies as you will get much better grades and earn your teachers' respect. Students lead busy lives and frequently forget about an approaching deadline. Quite a while past, they had no choice but to write their homework papers on their own. Academic Essay Writing Topics Fundamentals Explained Since academic writing is turning into one of the most obvious aspects of. A lot of students put on a uniform. When a student receives a title or topic they are inclined to go into the comfort of their house and browse through websites to locate information. When a novice student is needed to fix conventional difficulties, they have a tendency to resort to weak problem solving strategies like means-ends analysis, in which learners continuously hunt for operators to lessen the difference between the present problem state and the goal state. Don't become nervous when you can't locate the topic you will need. Select an intriguing essay topic, and you're going to begin enjoying it. Argumentative essay topics are so important since they are debatableand it's important to at all times be critically contemplating the world around us. If you're genuinely interested in a topic then it is significantly simpler to study and you are not as likely to stop. So if you're searching for a professional writer to complete paper assignments or simply to offer you a list of fantastic essay topic suggestions for your paper we can do it all. You must be competent in the issue you're discussing in your paper. You might believe that interesting essay titles do all of the work, enabling you to add obvious examples and share ordinary ideas. As soon as you've chosen one subject from the reach of expository essay topics, it's time to get started writing. Essays give students the opportunity to explain what they have learnt by utilizing the appropriate terminology and styles to create the info understood by other people. You will have to include all your research sources in a bibliography. Scientific sources may also help you locate a huge quantity of evidence, and thus do not neglect to hunt for solid references. Academic Essay Writing Topics Explained Main body Arguments ought to be expressed in detail in the primary body. Understanding how to compose a strong argumentative paper can help you advance your very own argumentative thinking. At any time you catch yourself feeling captivated by somebody's essay or article, take a close look at it. So it doesn't matter what type of work you will need to get accomplished. An individual who has disappointed you 51. In the event the man or woman is arguing in a transparent manner about a few of the instances involved with their topic and thesis statement, then the paper is going to have opportunity to be heard. In addition, there are daily practice activities on our FB page. You may find that a lot of the topics can be adapted to suit almost any sort of writing assignment. Don't be shy to compose messages to your helper any moment you really feel like that. Just ask us, Please, write my essay every single time you require expert aid, and we're going to arrive at the rescue! Finding the most suitable topic for the essay may be a challenging undertaking for the student who needs to compose an essay. It's evident that the absolute most voluminous portion of an essay is i ts body paragraphs since they include all of the information and evidence. As you might already know, every essay is composed of several parts which include introduction, body and conclusion. An argumentative essay is a certain sort of academic writing.

Definition of Public Relations free essay sample

The Definition of Public Relations Public relations, what exactly does that mean? The term public relations seems straight forward, however, it has many different definitions. People see the term in different ways. Public relations is a very common term that is used in many different fields. Due to the different uses of public relations, there are many different definitions. Three definitions for public relations will be given to give a better understanding of the term. A personal definition of public relations will also be described. Finally an explanation as to why there are so many definitions to the term will be given.There is no exact definition for the term public relations there are many deferent definitions for the term. Fraser P. Selves defines public relations as, a planned process to Influence public opinion, through sound character and proper performance, based on a mutually satisfactory two-way communication, (Stile, 2004, Para. 5). This definition is stating that public relations is persuading a group of people to agree with an idea. We will write a custom essay sample on Definition of Public Relations or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page This persuasion Is done by following a predetermined plan. This definition explains what public relations is, however there are other definitions that explain public relations in a different way.Another definition of public relations explains the term as, a leadership and management function that helps achieve organizational objectives, define philosophy, and facilitate organizational change, (Basalt, He-man, Loiterer, Tooth Van Eleven, 2004, Para. 1 1 This definition states that someone in the public relations field will analyze the public, advise management on decisions, plan what the organization has to do to change the public views, and set goals for the organization. It is important to make sure the publics expectations are similar to the goals of the organization (Basalt, He-man, Loiterer, Tooth Van Eleven, 2004, Para. 1. This definition Is very salary to the previous definition in the fact that the underlying meaning is to get the organization and a group to agree on an issue. The following definition is similar to the previous two definitions. Allen Center and Patrick Jensen (2003) define public relations as, something everyone has, and (It) fosters the Improvement of public relationships through specific activities and policies and is the cornerstone of a democratic society. This definition goes further to explain that public relations are something everyone has and is part of a democratic society.This part of the function Is completely different than the previous two definitions. This statement provides a little more insight into what public relations really is and what its purpose is. A personal definition of public relations is working towards a goal of understanding between an organization and the public. This definition shows the Importance of the good relationship between the public and the organization to public relations. That is the main goal of public relations. Although there are many different ways of looking at public relations, the ultimate goal is a good relationship between an organization and the public.When there is a good relationship, organizations can persuade the public to agree on policies the organization needs. Public relations are used In many different fields. The needs of society constantly change the needs for public relations. For example someone who works in public 1 OFF relations for a different organization may deal with clients or other companies. The need for public relations is ever changing. Due to the nature of the field, there are many different definitions of public relations. These definitions will continue to change as the needs of society continue to change.To explain exactly what public elations is four different definitions have been given. These definitions have been analyzed to explain the meaning of the term. Public relations are used in many different ways in different fields, which explains why there are so many different definitions. There is not a right definition of the term. The definition of public policy will depend on the field it is used in. As for now these are all accurate definitions, however, in the future the definition will continue to change. Public relations is a term that may never have one exact definition, however, the meaning of the term is understood by most people. Definition of Public Relations free essay sample Due to its broad scope and any variables, arriving at a general, all-inclusive definition is rather complicated. In fact even those in the field that are familiar with its interlinings have difficulties defining exactly what is public relations. Today, although a generally accepted definition of public relations still eludes practitioners, there is a clearer understanding of the field (Stile, 2004, p. 3). So if it Is difficult for those in the profession It has to be rather complex for the layman to understand and define public relations. We will write a custom essay sample on Definition of Public Relations or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page In my opinion public relations Is a process of managing the legislations between an organization and Its publics. This process Is comprised of several steps that Involve research, action, communication. And evaluation or R-A-C-E. The R-A-C-E model was developed by Communications professor John Marathons and provides a structure for effectively influencing public opinion (Stile, 2004, p. 4). Now that I have provided my thoughts, let us take a look at how some other sources define public relations.Public Relations Society of America Definition The Public Relations Society of America or APRS is an organization with the objective f uniting public relations professionals and providing them with resources and direction. According to the APRS, public relations helps an organization and its publics adapt mutually to each other. Often, It Is a term used to describe both, a way of looking at an organizations performance and a program of activities (APRS, 2006). Bearing the APRS definition In mind and contrasting It to my personal deflation one can easily see saltcellars.Although stated differently, both definitions are concerned with creating and maintaining rapport amongst an organization and its publics. The latter part of the APRS definition also has a resemblance to my personal definition in that it is concerned with how an organization plans and executes. These both coincide with the research and action steps of the R-A-C-E method. Now that weve seen how the APRS defines public relations, let us take a look at how someone in the field defines it.Thomas Roach Definition Thomas Roach Ph. D. Is a professor of communication with 25 years experience from both and academic and corporate perspective. Mr.. Roach defines public relations as: It is the maintaining of consensus and the avoidance of crisis. Practitioners who Ignore one public In favor of another are wrong. Textbooks that explain how public relations serves to fix problems are wrong. Companies that believe that the public relations staff Is nothing more than a group of writers are wrong.Public relations in principle is quite simple, and in practice infinitely complex. Although stated differently, the underlying meaning of Mr.. Roachs definition coincides with those previously discussed. The idea here is still about building and maintaining relationships with the organizations publics, whether it be through mutually adapting or building consensus the ultimate goal is still the same. Now that we have seen definitions from three sources, let us take a look at one final definition. Del Galloway Definition Del Galloway is the former President and CEO of the Public Relations Society of America and in his article Pros Quandary: Branding a Profession he discussed the definition of public relations. Mr.. Galloway begins the article reinforcing what has already been discussed; that public relations is hard to explain in clear and concise terms. The definition for public relations that Mr.. Galloway mentions in his article is: That we work to create harmony between all stakeholders of an institutionthe various publicsif you will. But that takes more explanation. Our Job is to nurture the relationships between a company, its customers, its stockholders, its community and its government. (2004) After reading that it is obvious that Mr.. Galloway definition has a similar theme to the others that have been discussed; public relations is about creating and maintaining a relationships between an organization and its publics. In conclusion, public relations is difficult to define because of its all-encompassing tauter and the fact that are many variables that must be considered.As we have seen in the various definitions of public relations simply stated it is all about formulating and maintaining relationships between a company and its publics. Understanding and knowing these publics or groups of people is what complicates matters relative to public relations. Moreover, each of these publics has their own personal opinions, beliefs, ethnicity, etc. , which make matters even more difficult for an organization. So not only are organizations having to deal with varied groups of people, but they must interact with the publics in many different manners and approaches.

Thomas Jefferson Essays (491 words) - Thomas Jefferson,

Thomas Jefferson Jefferson had destroyed political traditions. From his contradictions and defecting his priciples, Jefferson destroyed the political precedent and is a exemplatory hypocrite, which can be seen throughout his administration. Jefferson was an admired statesman who was grappling unsuccessfully with the moral issue of slavery. Thomas Jefferson, the author of the Declaration of Independence, opposed slavery his whole life, yet he never freed his own slaves. He championed Enlightenment principles, yet never freed himself of the prejudices of his soceity. Jefferson was extremely hypocritical in the issue of slavery. Jefferson was a plantation owner early in his life, and had slaves working for him throughout his life. Jefferson had tolerated while he didn't accept others who owned slaves. Jefferson denounced the slave owners, while he was owning and using slaves. Although Jefferson was supposedly a good slave owner, his hypocritical nature made him accuse others not to own slaves while he, himself was owning slaves. Another part of the hypocrisy was that Jefferson believed that the slaves were dependent upon the white man, while he, himself was dependent upon the slaves. Jefferson also was hypocritcal in his acquisition of the Loisiana territory. In Jeffersonian principles, large expansive governments were bad, and small was good. This was a antithesis of that principle. Jefferson knew that the acquisition of the Loisiana territory was beneficial to the welfare of the U.S. According to the constitution, nowhere in the constitution is the acquisition of land a right of the government, Jeffersons' predisposition was to strictly go by the constitution (as seen with the national bank controversy), this is another contradiction during his administration. Since the appropriation of the Lousiana territory was important for the expansion of the united states, he temporarily dismissed his principles, therefore destroying political traditions. Another hypocritical event during Jeffersons' administration was his acceptance of the National Bank. Early in Jefferson's political career, Jefferson had debated with Hamilton on whether to have the National Bank. "When this government was first established, it was possible to have kept it going on true principles, but the contracted, English, half-lettured ideas of Hamilton destroyed that hope in the bud, We can pay off his debts in 15 years." Early in Jefferson's Administration, Jefferson had denounced the National Bank. At the end of his administration, Jefferson realized that the National Bank was important and this is hypocritical by disregarding his principles. The Burr conspiracy depicted Jefferson as a ruthless, and a individual who will do anything inorder to achieve his goal. Jefferson championed civil liberties and unalienable rights. Yet, Jefferson violated civil liberties by coercing witnesses, arrested with out habeus corpus and prosecuting in a "court" of his own. Jefferson and Jeffersonians are hypocrites from the start and they destroyed political tradition as seen during Jeffersons' administration. Jeffersonians show an immense amount of hypocritism in their policies. For example, Federalists had supported high tarriffs, inorder to protect national manufacturers and american industry. The tarriffs were a vital determinent, which kept the economy of the United States viable. The Jeffersonians, not the Federalists began the American system of protecting american industry which initially was a major constituent of the federalist platform.