Long Term Investment Decisions

Long Term Investment Decisions Outline of plan The plan for the company, which faces increases in costs of the major ingredients, is to lobby government for recognition of its products as important for consumers and intervene through fiscal policies like taxation to reduce the cost of ingredients.Advertising We will write a custom essay sample on Long Term Investment Decisions specifically for you for only $16.05 $11/page Learn More Meanwhile, the firm will concentrate on product differentiation, which should allow it to have a unique value proposition to customers and increase the inelasticity of the product’s price. As for capital projects, the firm would consider outsourcing non-core responsibilities to reduce cost and achieve agility in response to market changes. A strategy for making products response to price less elastic and rationale The main reason for reducing the price elasticity of a product is the maximization of profits. An increase in price lowers the demand for a p roduct in a perfect economy when the product is a normal good. However, when the product does not behave as a normal good, its price can increase and the demand stays the same or increases too. In essence, the product’s response to price becomes less elastic (Forgang Einolf, 2007). Based on the above discussion, the company can make the product qualify as a necessity for consumers. When it achieves the objective, people will have to buy the products, even when the prices increase. Typically, the firm will have to reduce the threat of substitute goods by making its product unique in their value proposition. Customers should be able to get a significantly higher utility from the company products than they can obtain from the closest substitute. Consequently, the biggest focus of the firm should be on product differentiation and market research to ensure that its products meet consumer demand better than substitute products and consumers understand the value difference when mak ing purchase choices. Marketing campaigns using product samples would be a favorable strategy for the firm in this endeavor. Major effects of government policy The free market economy is often sufficient for rewarding risk takers with favorable business returns and in the process, ensuring that the demand for goods and services is fulfilled by the available supply. However, there can be loopholes in the system that give suppliers or consumers an unfair advantage, such that they are able to get more than a socially fair return for their investments or the price they pay for goods and services.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Government intervention through policy often comes as a way to correct the inability of the market to allocate resources where they are most needed. The government regulates trade. In doing so, it limits the extent to which producers and sellers can manipulate prices. It also regulates trade to limit the distribution of certain goods or services and it can also ban their trade. In regard to low-calories frozen, microwavable food, such a policy can be about increasing taxes on high calorific foods to limit their consumption and ensure that the populace remains healthy (Deng, Falvey, Blake, 2010). The second major effect of government policy is the equitable distribution of public goods that the market is unable to do. Entrepreneurs may not find it profitable to invest in low-calorific foods when there is a limited demand. Therefore, the government would intervene in the market to reduce the cost of production for producers such that the microwaveable foods are affordable to produce. Since the producers also want to increase sales, they will likely lower prices to match demand. On the other hand, consumers would have higher purchasing power for the low-calorie, frozen microwave foods because of the low prices. In this regar d, the effect of the government policy to lower costs of production would be an increase in the demand for the products, which would allow the company to increase its production capacity and distribution channels to match the new demand. A similar increase in demand could be achieved by government sensitization of the benefits of the product. In the end, the company will employ more people and contribute to the reduction of unemployment in the economy. Need for government involvement and reasons for involvement in market economics The reason for government involvement in a market economy is to correct possibilities of market failures. On the other hand, markets could qualify as failures when there is evidence suggesting that they do not supply goods, which in this case are low-calorie, frozen microwaveable food desired by consumers (Auerbach, Gale, Harris, 2010).Advertising We will write a custom essay sample on Long Term Investment Decisions specifically for you for only $16.05 $11/page Learn More Secondly, interventions could also occur because consumers do not have enough information to make informed food choices. Lastly, interventions by government would rise to correct social consequences of individual food-consumption choices. While market failure situations outlined above justify government involvement, they do not guarantee the cost-effectiveness of the policy. The intervention by the government often mitigates the market imbalances for a short while and may not be very responsive to changing factors that influence supply and demand of low-calories, frozen microwaveable food (Suranovic, 2010). Two examples of government involvement in similar market economy to support the answer In the first example, the government can choose to own enterprises so that it is able to influence their business choices because of its powers as a major shareholder. In this case, the government would be able to direct investments and strategies tow ard the education of consumers and the reduction of manufacturing costs through the use of state resources. The second example is where the government establishes anti-competition laws to prevent mergers and acquisitions that would allow firms to become dominant in the market and be able to manipulate prices. Explain major complexities that would arise under expansion via capital projects After undertaking a capital expansion project, the business opens up itself to a set of new problems that are not necessarily the same problems experienced by the smaller business on a larger scale. Instead, these problems are brought about by a restructured nature of the business and its operation in different markets and trading environment. The business could have grown too fast to meet demand when management realizes that its present contractual agreements with suppliers curtail its growth. For example, the company could sign leases for warehouses and exclusive transport services for five years , but three years into the business it realizes that the provided capacity is not enough for additional growth. Indeed, the biggest problem with capital project is the underestimation or overestimation of the actual behavior of the market and the actual demand of the capital project from the business in the future.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More When undertaking a major infrastructural project, the business has to update its systems of monitoring cash flow and tracking inventories and deliveries because some of its operations would be unique to its normal business operations. At the same time, when the capital project is complete, the business realizes that its payment obligations increase significantly that they may cause a problem for management. In addition, the project may stall midway as the business exhausts its available capital for expansion and misses out on opportunities to get more capital to finish the project. The consequence of such a scenario is a diminished ability of the business to meet the present demand due to the sunken capital costs and is yet to provide any returns to the business. On the other hand, capital projects create a business demand for new hiring in various positions and the business has to have the adequate hiring capacity. Otherwise, it could make mistakes in the evaluation and fulfillment of personnel needs such that it is unable to effectively operate competitively after commissioning the new project. Lastly, the business leadership faces the challenge of adapting to the changing roles brought by capital projects. The business leaders often fail to let experts in accounting, legal, and human resource matters assist, which makes the leader less capable of managing the expanded organization. Key actions that the company could take to prevent or address these complexities It would be advisable for the company to seek the services of consultants to help it increase its capital projects. The consulting services may be costly, but they allow the company to avoid making bad decisions that could jeopardize its ability to respond to demand in the future. A second viable action is the engagement of third-party firms in manufacturing and research to reduce the initial capital outlay for expansion. Lastly, the firm can use a long-term strategy that is responsive to market chan ges such that management retains the leeway to modify strategy parameters and go slow on expansion when the firm needs to reallocate capital. This way, the firm could hire more personnel when operational challenges arise. Finally, the important thing for the company would be to limit its contractual agreements such that it does not find itself in positions where its long-term obligations are too costly to terminate and do not add to its profitability and business opportunities. Suggest the substantive manner in which the company could create a convergence between the interests of stakeholders and managers It is usually hard to have CSR and good governance being executed concurrently in a smooth way. Even when a company chooses not to have its managers free of social responsibilities, problems still arise as the company tries to institutionalize the concept. On the other hand, expanding the responsibilities of managers to answer various stakeholder groups may worsen the problems of t he firm such that managers have a hard time of having effective discipline. According to Ferrell, Fraedrich, and Ferrell (2014), it is not greedy shareholders who are the enemies of other stakeholder of the firm. Instead, it is the lazy and greedy managers who operate in an unsupervised and unethical way who are the enemy of other stakeholders. The managers who lack a moral obligation can take the firm to profitability as desired by shareholders, but may also open up the firm to social inconsistencies and legal problems that expose it to the wrath of other stakeholder groups. The practical way of converging stakeholders and managers is by sacrificing profits and shareholder wealth so that that firm can meet its extra-legal and moral obligations. It is not always practical to sacrifice shareholder interest for overall stakeholder interest as the case is with corporate social responsibility. Such interventions fail because shareholders still have a right to compel management to increa se profits, which could mean abandonment of the corporate social responsibility strategy. Nevertheless, most firms still practice CSR, albeit on a small scale. Deliberately foregoing profitability of the firm causes the firm to lose its appeal to investors and may jeopardize its intentions to raise additional funds. It is not enough to have a system of stakeholder governance where managers are free to carry out profit-consuming CSR activities and strategies. Such an intervention is open to abuse by management, who would be shielded from shareholders. In addition, it is not possible to have all managers being motivated to act in stakeholder interests other than their self-interest. In light of the above discussion on the possible shortcomings of CSR or lack of it, the best way to balance the issues of stakeholders and managers is by making CSR as part of the firm, but only incorporates CSR activities that enhance the profitability of the firm. The activities should be measurable and visible to both managers and stakeholder groups. However, their contribution to profitability does not necessarily have to match the contribution of other core business activities. The aim here is to prevent managers from abusing their privileges to allocate funds for CSR related activities and for stakeholders to gain from the activities of the firm without curtailing its ability to exist in a competitive environment. Indicate the most likely impact to profitability of such a convergence When the convergence of stakeholders and managers takes place as proposed above, the firm will likely incur increased costs and have a slight drop in its profit, at least for the initial period of implementing the strategy. Nevertheless, when the CSR activities start to pay off by increasing the firm’s brand reputation and its market penetration, then profits will again grow to match the potential of the firm’s main business activities in relation to available market opportunities. Th erefore, long-term profitability of the company would be sustained by the convergence (Ferrell, Fraedrich, Ferrell, 2014). Provide two examples of instances that support your response According to Karnani (2010), companies working on fuel-efficient vehicles were not common in the past as they are today because they had little demand for fuel efficiency. The demand arose with the sensitization of consumers by various stakeholder groups. Its acceptance by managers only arose when they saw a clear pathway to profitability. They could use the projected performance of their firms to convince shareholders to allow the firm to make investments on corporate social responsibility with the aim of reducing emissions. This would both allow the company to emerge as a pioneer in the new market and grow its reputation as a champion for fuel efficiency. Another example is managers being unable to go against shareholder interest of increasing profits such that they can only invest in social program s to meet stakeholder interest when they have a connection to future profit. According to Reinhardt, Stavins, and Vietor (2008), in Delaware, a court ruled that the business judgment law protects a corporate manager’s decisions as long as they are rational. However, the law does not recognize non-financial incentives as conflicts of interest. In this regard, it allowed managers of Occidental Petroleum to pay for an art museum named after the company CEO, even when the cost was almost half of the company’s profits (Reinhardt, Stavins, Vietor, 2008). In the first example, managers succeed because they focus on a profitable social intervention. In the second example, managers sacrifice profits for a cause that appeals to some stakeholders. References Auerbach, A. J., Gale, W. G., Harris, B. H. (2010). Activist fiscal policy. Journal of Economic Perspectives, 24(4), 141-164. DOI: 10.1257/jep.24.4.141 Deng, Z., Falvey, R., Blake, A. (2010). Swapping market access for tec hnology spillovers? Tax incentives and foreign direct investment in China. International Conference on Applied Economics-ICOAE, pp. 147-159. Web. Ferrell, O. C., Fraedrich, J., Ferrell, T. (2014). Business ethics: Ethical decision making and cases (10th ed.). Stamford, CT: Cengage Learning. Forgang, W. G., Einolf, K. W. (2007). Management economics: An accelerated approach. New York, NY: M. E. Sharpe, Inc. Karnani, A. (2010, August 23). The case against corporate social responsibility. Wall Street Journal. Web. Reinhardt, F. L., Stavins, R. N., Vietor, R. K. (2008). Corporate social responsibility through an economic lens. Cambridge, MA: National Bureau of Economic Research. Web. Suranovic, S. (2010). A moderate compromise Economic policy choice in an era of globalization. Basingstoke: Palgrave Macmillan.

Persian Empire Research Paper Example | Topics and Well Written Essays - 750 words

Persian Empire - Research Paper Example The formation of the Persian Empire began in 550 B.C., when King Stages of Media, who subjugated much of Iran and eastern Anatolia (Turkey), was crushed by his southern neighbor Cyrus II ("the Great"), king of Persia (559–530B.C.). This upset the stability of power in the Near East. The Lydians of western Anatolia under King Croesus took advantage of the fall of Media to push east, and clashed with Persian forces. The Lydian army withdrew for the winter but the Persians marched on to the Lydian capital at Sardis, which fell after a two-week siege. The Lydians had been allied with the Babylonians and Egyptians, and Cyrus now had to meet these major powers head-on. The Babylonian empire controlled Mesopotamia and the eastern Mediterranean. In 539 B.C., Persian forces defeated the Babylonian army at the site of Opis, east of the Tigris. King Cyrus entered Babylon and presented himself as a customary Mesopotamian monarch, restoring temples and releasing political prisoners. The on e western power that remained unconquered in Cyrus' brilliant campaigns was Egypt. It was left to his son Cambyses to beat the Egyptian forces in the eastern Nile Delta in 525B.C. After a ten-day siege, Egypt's ancient capital Memphis fell to the Persians.2 A crisis at the court forced Cambyses to go back to Persia but he died on the way and Darius I emerged as king. During his reign and the reign of his successors, the empire was stabilized, roads for communication were built, a system of satraps (governors) was established, major building projects, such as royal buildings at Susa and a new dynastic center of Persepolis, were begun, more lands were gained.3 And for the next two and a half centuries, the Persians enjoyed a fairly peaceful period of history, disturbed only by the occasional revolts of the Aegeans. The Organization and Governance of the Empire Though built upon the Assyrian structure, the Persian administrative system was far more competent and civilized. The empire w as divided into twenty provinces, or satrapies, each ruled by a governor called a satrap. To check the satraps, a secretary and military officials on behalf of the "Great King, King of Kings" were installed in every province. Also, special inspectors, "the Eyes and Ears of the King,"4 traveled all over the realm. Imperial post roads connected the important cities. Along the Royal Road between Sardis and Susa there was a post station every fourteen miles, where king's couriers could obtain rested horses, enabling them to cover the 1600-mile route in a week. "Nothing mortal travels so fast as these Persian messengers," wrote Herodotus. "These men will not be hindered..., either by snow, or rain, or heat, or by the darkness of night." 5   The Persian Empire was the first to endeavor to govern many different ethnic groups on the principle of equal responsibilities and rights for all peoples. So long as subjects paid their taxes and kept the peace, the king did not interfere with local religion, customs, or trade. Darius I revolutionized the world economy by placing it on a silver and gold coinage system also introducing a controlled and sustainable  tax  system that was accurately designed for each satrapy, based on their hypothetical productivity and their economic potential. Due to the vast geographical size, ethnic and cultural diversity of the subjected peoples, constant struggle for power on a regional scale, such as revolts led by the Greeks and the Egyptians, the creation of a large,

Exploring the Use of Outdoor Play to Support Children's Development in Essay

Exploring the Use of Outdoor Play to Support Children's Development in a Nursery in East London - Essay Example Bruce (1998) suggests that Outdoor Play allows a child to exercise what he has learnt and apply his teachings practically and develop not just physically but mentally and spiritually as well alongside employing the practice of making his own decisions. These are characteristics that are vital to his growth into adulthood. Children do not individualize the various academic subjects as effectively in their early years from birth to eight and tend to learn best when allowed to integrate all aspects of learning into one. Eden (2008) likens play to an experience of pleasure (p. 50) which allows a child to develop independently and in an environment he enjoys being in. According to her, play helps a child symbolize and build relationships which is a process intrinsic to the development of language (p. 53). She emphasizes that while primary and secondary education are important, neglecting the early years is simply not an option and play tends to be the best way of enriching that level. Fae gre, Anderson and Harris (1958) provide buttressing arguments to the same, acknowledging that a child groomed by varying and encouraging methods of outdoor play helps improve their decision making and mathematical skills along all years of development from birth through to college. According to them, the profound effects of enhanced Outdoor play allows a child to develop progressively in not just their physical attributes such as diet, combating illnesses and clothing habits but also allows them to indulge in self-discipline which is the core feature of adulthood moderation. Of course, this does not take away from the importance of family but highlights how Play is essential to the upbringing of the child. Play: A Historical Perspective Traditionally, Play has been a major part of early development highlighted by the concepts of camping with the family and playing in the park in the early years. The weight of play can be traced as far back as Plato and Aristotle. Plato highlighted t he fact that Play arouses and enhances a child’s curiosity and is an essential part of his development primarily because of that self-defined interest in the nursery years (3-6). According to Plato, a child’s development can be deemed into stages all of which have to be complemented by their own version of Play as according to him, a child learns most effectively amongst an environment he likes to be in. It was important to hone the child’s moral standards by teaching him tales of virtue at an early age (Frost 2010, p. 10) and at the nursery stage (3 to 6 years) such teachings were to be engulfed in Play as nursery formed the most important part of education (Plato 1952, cited in Frost 2010, p. 10). Similarly, Aristotle agreed with Plato’s theories and insisted that the first five years were dedicated to Play in order to offset any bad habits that a child may be prone to develop. He similarly believed that a child must find amusement in what he does and t he best way to arouse his interest in education was through Play. The medieval times did not consider childhood as a separate stage of life but considered all children to be young adults, a notion that lasted until the end of the Middle Ages (Frost 2010, p. 13). When childhood surfaced as a separate stage of life in the 19th century, scholars of late followed through with similar abbreviations of Play,

Annotated Review of Literature Essay Example for Free

Annotated Review of Literature Essay Annotated Review of Literature to Support how Differentiated Instruction Workshops can Improve Instruction Hawkins, V. (2009). Barriers to implementing differentiation: Lack of confidence, efficacy and perseverance. The New England Reading Association Journal, 44(2), 11-16. Retrieved from Education Full Text database. Annotation: In this article, Hawkins exposes three major reasons why implementing differentiated instruction (DI) if a difficult task for most teachers. Hawkins states that districts advocate for professional development of DI as a reactive response to current data trends in education. The goal of this article is to provide classroom teachers with the necessary skills to be able to implement DI into their curriculum. The researcher found that a lack of teacher confidence, lack of teacher efficacy, and a lack of perseverance are three factors in which teachers most often struggle with when trying to differentiate lessons. Support for Project: This article gives important information for teachers on how to overcome the barriers of implementing effective DI into their curriculum. So many of us face the same problems when trying to differentiate our lessons, therefore, it is important for teachers to understand how to overcome these barriers and also to understand that they are not alone in this daunting task. Hawkins goes on to describe each barrier in detail to help teachers overcome them so they can become effective DI instructors. Tomlinson, Carol Ann. Carol Ann Tomlinson explains how differentiated instruction works and why we need it now. Making A Difference, September 2007. Annotation: In this article, Carol Ann Tomlinson, who is a leader in the field of education on Differentiated Instruction, explains what DI is, why it is so important in education today, as well as in the future, and the characteristics of an effective differentiated classroom. Tomlinson also reviews some key points that teachers need to think about when developing a differentiated lesson plan. The researcher goes on to explain that the reason DI is so important is that students vary in so many ways, and our student populations are becoming more and more academically diverse. Support for Project: This article is important for my project because the researcher explains how to deal with student differences. Today’s classrooms are so diverse and teachers need to know how to deal with these differences on a daily basis. Tomlinson states that there are three ways to deal with differences: ignore them, separate or â€Å"track† them, or keep students together in the context of high-quality curriculum (differentiated instruction). Obviously the third one should be the way to go, but unfortunately, it is the road least traveled. This article also describes the characteristics of a well-run DI classroom and what teachers need to do in order to be successful when creating differentiated lessons to improve instruction. Tomlinson, C. (2005). Traveling the road to differentiation in staff development. Journal of Staff Development, 26(4), 8-12. Retrieved from Education Full Text database. Annotation: In this article, Tomlinson explains how teacher leaders can help educators hurdle four key barriers teachers face when trying to implement DI into their classrooms. The researcher describes the need for DI in the United States education system and also reviews six strategies of effective differentiation. Tomlinson goes over current research findings about student achievement and differentiation in response to readiness, interest, and learning profiles. Support for Project: This article is important for my project because when trying to convince educators to change their way of thinking and pedagogical practices, you must have solid evidence that the new practice; in this case, DI, will work. This article goes over the latest research findings to support DI and it also gives effective strategies for implementing DI practices as well as ways to overcome barriers of incorporating DI into the curriculum. The goal of my project is to design a workshop to inform educators about differentiated instruction; what it is, why we need it, what effective DI practices look like, what the keys aspects of DI are, how to overcome the barriers of DI, and what the current research of DI is. This article does a good job of reviewing these topics. Wormeli, R. (2007). Differentiation: From planning to practice grades 6-12. Portland, ME: Stenhouse. Annotation: In this book, Wormeli provides a practical way for teachers to create a differentiated lesson from start to finish. He walks educators through the lesson, giving details on what steps to take before, during, and after to make deep connections for students. He gives effective strategies and advice on how to reach â€Å"all† learners within one classroom. Wormeli presents models of effective differentiated instruction, so that teachers can extend what they learn to any subject and any classroom. Support for Project: When creating a workshop for educators on differentiation, it is important to include models of instruction for teachers to reflect upon and use as examples for the future. That is just what this book does. Wormeli gives annotated models of effective differentiated instruction, such as tiering, flexible grouping, how to make adjustments based on formative assessments, and interdisciplinary examples for teachers to learn how to do. Once educators feel comfortable using these strategies, they can extend these procedures throughout their careers.

Graduation Speech -- Graduation Speech, Commencement Address

I did not get to know many of you. So, I cannot be certain of how you feel, but, as for me, this year has been, by far, the most enjoyable and eye opening one of my high school career. Enjoyable because of the new, interesting friends I've made and of the fun times I've had, and eye opening because of my being forced to look towards the future. Not just day dreaming and imagining about the rest of my life, but finally having to sit down and make some definite decisions concerning it. For me and many of you, colleges have had to be applied for and decided on and scholarships filled out. Some of you have been looking into vocational schools or the military, while others will be going straight into the work force. Whatever your case may be, we've all had one thing in common in that we've been planning for our futures. Since the decisions we make now or soon will impact the rest of our lives, I'd like to take this time to share some advice with you all. The most important advice I believe I can share is to do what you want to do. Don't be pressured into some life career because it's the most respectable or because it would make your family the proudest. Happiness is the greatest goal in life and is self-contained. The happiness of others will not satisfy you in the long run. If your fondest wish is to become an Atlantic Puffin breeder in northern Maine, then go for it. Don't allow anyone or anything to stop you. Also, many of you must fully realize how much time of your life a job will take up. Not just working, but preparing for it and the thought that will go towards it daily. In fact, for most of you, your life will revolve around your job. Where you live, who you see everyday, will mostly be dependent upon the job you choose... ... So, don't think that just because you're not starting college right away or not going to college at all, that you're bound to not get what you want out of life. It takes work, but, if you're determined enough, you can usually achieve your goals. Though you cannot expect to achieve all the goals you set for yourself, don't ever be afraid to at least try. Failure is one of the greatest ways to learn in that although you have failed, the new experiences you have gained while trying to achieve your goal will make you aware of new possibilities and allow you to form new goals for yourself. So remember, don't conform into exactly what society wants you to be. Do what you want to do. And if you don't know what that is already, find out. Don't be afraid to try different things. Be a risk taker. Live your lives for all they're worth because they won't last forever!

HR †Selection Process Essay

Today, the human resource selection process plays a vital role in the production and performance value business receive by making good hires and the high costs of replacing employees following bad hires. This is especially true for small business. Now the human resource department takes on a more strategic role with hiring and selection. What is selection? Selection is the process of selecting a qualified person who can successfully do a job and deliver valuable contributions to the organization. The selection process is the strategically planned procedural approach created and implemented by organizations when recruiting and hiring new employees. This begins when jobs are posted internally and externally however in some cases recruiting tools are used to draw top-qualified candidates for important jobs. Screening tools, such as applications, tests, interviews, background investigations and reference checks are all used during this process. One area of the selection process that is significant and sometimes under-valued is the development of screening tools. The goal of selection is to employ the applicant who is the best possible match for the job duties which makes using the right selection tools and developing them effectively crucial. Thorough job analysis assists HR professionals better align selection tools with the job. In addition to locating the best hire, cost efficiency and legal concerns are two main reasons why the HR selection process is so important. When companies make a bad hire, they pay to train and orient a person who ultimately may cause more harm than good if he performs poorly and negatively affects the workplace. The costs to replace a bad hire are astronomical in many industries. A Society Human Resource Management study showed that even an $8 an hour retail employee can cost up to $3,500 to replace because of the hiring, administrative and training costs involved. When hiring an employee it is important to find the right person because this will reduce turnover rates and save time and money in the long run. Many employers seek skills and characteristics in the applicant before they qualify for an interview. Some of these include: †¢ Self motivated individuals †¢ High tolerance for stress †¢ Positive attitude †¢ Good communication skills †¢ Ability to work as an individual and in a group †¢ Good problem solving skills These skills and characteristics are highly important because working in a call center is extremely stressful and routine. In addition, you are on the frontline representing the company yet you are unable to see the customer. You must keep a positive attitude and for that reason, your presentation over the phone is vital. Since the job is based on communication through the phone, a good recruitment practice in the call center would include pre-screening telephone interviews to test out the applicants phone skills. Once a group of applicants are selected, they are scheduled for an interview with two call center managers or supervisors and Raj, the Human Resource Recruiter. During the first interview process, they are asked about their interests and career goals to get a general idea if they are fit for the job. During the second interview, questions are more in-depth regarding experience, what they can contribute to the company, and their skills. The third and final interview tests their problem-solving skills by giving them scenario questions regarding their job and their ability to share the same corporate culture with other staff members. In addition, a lot of call centers also use behavioural based tests and interviews that match skills and interests to the unique mix of products and services provided by the company. Another effective selection and recruitment method they use is the Employee Referral Program. The Employee Referral program offers a costeffective means of attracting applicants, avoiding the need for advertising or agency fees. Also, new recruits who have been recommended by existing employees often come to the company with more realistic expectations and can provide a better cultural fit. At Bodog.com, under an employee referral program, existing staff are offered a cash incentive ($1000) to recommend friends or former colleagues for vacancies within the company. The bonus payments are  only made if the recommended candidate is successful in his or her application. The payments are also typically dependent on a number of other conditions being met. There is a three month probation period which new recruits must complete satisfactorily before the employees who recommended them are paid a bonus. However, there are a number of potential drawbacks. One of the greatest concerns tends to be that relying too heavily on employee referrals could limit diversity in the workplace, with new staff recruited in the likeness of existing employees. But, provided that there is already a diverse workforce in place this ceases to be such an issue. It is a good idea to keep track your hiring methods to see if they are actually working in hiring the right person. If methods start to become ineffective, you can test out some new recruiting methods that may work for your call center.

The Royal Proclamation Of 1763 - 1398 Words

Following the end of the Seven Year War, the Royal Proclamation of 1763 was released (Schouls, 2011). This was document that was given by King George II to give details of how the French territories in North Americas would be divided. The royal proclamation was a follow up document of the treaty of Paris, which is what brought the seven year war to an end. The war ended with the cessation of France of its territories in North America which were to be taken over by the British government. This paper looks at the various boundaries that took effect with the implementation of the royal proclamation, along with the rules that were accompanied. Background The seven year took place from the year 1756 to 1763. The participants were the main superpowers in Europe that existed at that time. In North America, the main struggle was between Britain and France over the areas that they considered their territories. One of the most notable contents of the royal proclamation was how the aboriginal Canadians were to be treated following the division of their land. Its main aim was to ensure that the rights of the aboriginals were to be upheld (Hubbard, 2008). Their concentrations were in the areas where there was a lot of fur trade. The area that at that time was known as the New France extended from the great Lakes to the St Lawrence River, to the Mississippi river. The center of this battle came to be Quebec, where Britain finally defeated France. The generals that led both sides in theShow MoreRelatedThe Royal Proclamation Of 1763 Essay1730 Words   |  7 PagesThe Royal Proclamation of 1763 was issued October 7, 1763, by King George III following Great Britain s acquisition of French territory in North America after the end of the French and Indian War/Seven Years War, which forbade all settlement past a line drawn along the Appalachian Mountains.[1] The Royal Proclamation continues to be of legal importance to First Nations in Canada and is significant for the variation of indigenous status in the United States. The Royal Proclamation may have playedRead MoreThe Royal Proclamation Of 17631336 Words   |  6 PagesIntroduction Following the end of the Seven Year War, the Royal Proclamation of 1763 was released (Schouls, 2011). This was document that was given by King George II to give details of how the French territories in North Americas would be divided. The royal proclamation was a follow up document of the treaty of Paris, which is what brought the seven year war to an end. The war ended with the cessation of France of its territories in North America which were to be taken over by the British governmentRead MoreThe Treaty Of The Treaties With The First Nations Post Royal Proclamation Of 17631259 Words   |  6 PagesThe government began signing the treaties with the First Nations post-Royal Proclamation of 1763. The numbered treaties, however, came into play around the 1870s, after the buffalo population declined drastically and many bands were depopulated because of disease. During 1871-77, seven treaties were signed and four more were signed between 1899 and 1921. The treaties were negotiated oral ly, but when they were being documented by government negotiators many oral promises were missed. Basically, theRead MoreColonial Life Essay1007 Words   |  5 Pagescountry to the boiling point? It seemed to be a serious of pushes from England that led to the eventual split of the colonies and the U.K. Circa 1763, England. Parliament wrights up the proclamation of 1763 and sends it too America. No more western expansion, no more land surveying, no more land purchasing. Those are some of the laws that the proclamation stated, laws that only enraged the colonies. But with this social rage and hatred a union was born, the United States of America blossomed outRead MoreAboriginal Rights in Canada 800 Words   |  3 Pagespeoples of Canada (UBC Law, 2009). Contention on law began early into the colonization period. Originally the Royal Proclamation of 1763, set by the British Crown, was in place to protect the land rights of Canadian Aboriginals (UBC Law, 2009). The Royal Proclamation recognized Aboriginal title, and sought to establish relations with the Aboriginals (UBC Law, 2009). Ultimately, the proclamation meant that there was Crown recognition of land ownership, and that Aboriginal authority would continue underRead MoreThe Economic, Military And Civil Grievances And The Declaration Of Independence1099 Words   |  5 PagesThe economic, military and civil grievances were essential in drafting the Declaration of Independence. The Declaration is one of the most admired and eloquent proclamations in American history. The document’s goal was to announce the independence of the original thirteen colonies by listing grievances concerning the tyranny of King George III of Great Britain. These original colonies were the first to come together to form the United States. It was adopted in its final form on July 4, 1776. TheRead MoreThe American Revolution : A Significant Part Of American History1399 Words   |  6 Pagesthe the United States of America. By 1763 the crisis had begun to develop. John Adams was right when he wrote; â€Å"The revolution was in the minds of the people, and the union of of the colonies, before hostilities commenced. The revolution and union were gradually forming from the years 1760 to 1776.† The minds of the people were storehouses not only of a list of grievances but of democratic sentiments and ideas stored during the many years of resistance to royal and clerical absolutism. FollowingRead MoreThe American Revolution1472 Words   |  6 Pagesand individuals of power in the colonies. Although many factors after the French and Indian War effected the American revolution: The Treaty of Paris in 1763, proclamation line, and a staggering war debt accumulated throughout the long seven-year war all equated to declining relations due to differentiating ideologies. The Treaty of Paris in 1763 ended the long grueling seven-year war with the French. The impact of this treaty should have had a massive boost to the British economy. The British wonRead More Evolution of British Policy in the Colonies: 1750 to 1776 Essay1428 Words   |  6 Pages(Davidson p.104) These policies changes reenergized the war efforts and turned the tide in the war. Forming new alliances and opening diplomatic relations with native Indians was an imperative element for British victory. The Treaty of Paris signed in 1763, signified the end of the war and granted British title to all French Territory East of the Mississippi. The French lost all territory claims in North America, which was a significant victory for England and the British North American colonies. AfterRead MoreRoyal Proclamation Essay1514 Words   |  7 PagesThe Royal Proclamation of 1763 The Royal Proclamation of 1763 was issued by King George III after the gain of French territory resulting from the French and Indian war. The proclamation prohibited the settlement of the land beyond the appalachian mountains in order to maintain peace with Indians and to prevent further casualties. Although the proclamation was made with the intention of protection the colonists, the colonists viewed it as oppression. It angered the colonists who wished to expand into