General Electric Co.v Research Paper Example | Topics and Well Written Essays - 1750 words

General Electric Co.v - Research Paper Example Coffin, an ex-shoe manufacturer from Lynn, Massachusetts (History of GE, Official Website). By forming these mergers, these individual small companies joined their forces together and formed a network of individually owned patent rights of various use. Thus, an expanded business turned into an opportunity for the merger of two large companies. Hence, the two large companies joined their hands together and merged into a single and largest company, The General Electric Company, in 1892 (History of GE, Official Website). The General Electric of today has far changed and transformed itself into the market leader throughout the world; yet it offers some of the technologies that Edison had invented in late nineteenth century (History of GE, Official Website).. These technologies include heating devices, lighting devices, cooking devices, etc. It was later in the second decade of twentieth century when GE started working on developing aircraft engines after getting collaboration with United States' government. From cooking devices to the aircraft engines, General Electric has acquired a grand brand portfolio and this has happened only because of the innovative leadership that the company has always had since its birth. This strong, multidirectional, and diversified brand portfolio has helped General Electric become financially stronger by reducing the operational costs while permitting the overall organization to benefit from prospects. Business Summary: Although it has been reported in the previous section that General Electric is one of the largest diversified engineering company, estimation of diversification of its catering for multiple sectors of industrial areas can be found out by looking at its industrial brand portfolio which includes, jet engines, turboprop and turbo shaft engines, and related replacement parts for use in military and commercial aircraft; wind turbines; aircraft engine derivatives; gas and steam turbines, and generators; oil and natural gas compressors and turbines; diesel-electric locomotives and parts; and productivity solutions for industrial and municipal water systems (Yahoo Finance, General Electric Co. Company Profile). Apart from these industrial equipments, General Electric has entered and is doing business in other sectors of the economy such as financial sector, energy sector, etc. Along with producing industrial equipments, General electric also provides financial loans, leases and other financi al services to manufacturers, dispensers, and end-users for a variety of equipment and capital assets (Yahoo Finance, General Electric Co. Company Profile). Not only this, but General Electric's financial services provide financial services to end-use customers and retail dealers, such as credit cards, loans, mortgages, deposit and savings products, and other products (Yahoo Finance, General Electric Co. Company Profile). General electric also serves in Healthcare segment of the industry and engineers medical and surgical equipment for magnetic resonance, computed tomography, positron emission tomography imaging, X-ray, patient monitoring, diagnostic cardiology, nuclear imaging, ultrasound, bone densitometry, anesthesiology and oxygen therapy, and neonatal and critical care and therapy. Apart of these financial, industrial, and healthcare sectors, General Electric

Ways promoting efficiency in a business Essay Example for Free

Ways promoting efficiency in a business Essay Talking an example of production industries, promoting a culture of open communication will enhance the skill of helping people. This skill will aid in problem solving. still under helping people skill patience as a skill will apply in that in case of delays of salaries workers will not feel that they are being subjected to kind of punishment (Richards, 2011). Another way of ensuring efficiency is encouraging communication, collaboration and feedback between departments and the management staff this will promote stream of ideas resulting to a more productive team overall. Positive perspective way of looking at your business as a worker increases output thus promoting efficiency. Computer survey as a skill enhances adoption of modern technology that put your business in front line towards more effective procedures. This creates better quality experience for employers’ and clients resulting to a stronger bottom hold. Being focused as an entrepreneur sets a good role model to your workers. In trying to be like, they put in enough effort which in return encourages efficiency. An outgoing business man sees to it that he is trending with current technology. The skill of being obsessive and compulsive aids you as a manager to make certain decision that will have an impact on your workers which in a way promotes efficiency for example punishing indiscipline. Lastly getting to know your workers better is a key point in promoting efficiency. This can be achieved by analysing employee process to their overall efficiency. Flexibility or the skill of adopting to change promotes efficiency in that no time is wastage trying to deny changes introduced in the business. After that is done achievable goals should be set. These realistic tangible goals provides motivation needed to achieve them which in turn enhances efficiency. Reference Richards, G. (2011). Warehouse management: A complete guide to improving efficiency and minimizing costs in the modern warehouse. London: Kogan Page. Source document

Human Resource Strategy and Operational Planning

Human Resource Strategy and Operational Planning Introduction: I will explore the theoretical and practical sides of the relationship between the   and development in the retail and hospitality industry, in order to determent an overall view of the subject. I will draw upon many cases, researches, and literatures to get the best possible knowledge that is necessary for an independent evaluation of this topic. I will take Tesco, Hilton and Holiday Inn as an example of todays average but highly successful corporation and investigate the companys past and current human resource strategies and the reasons behind their strategic decisions. Through the essay I look into the human capital management, business performance, model of comparative SHRM, strategy evaluation, HR links between missions and goals of the organizations and further related topics. Strategic human resource management can be defined as the linking of human resources with strategic goals and objectives in order to improve business performance and develop organizational culture that foster innovation, flexibility and competitive advantage. In an organisation SHRM means accepting and involving the HR function as a strategic partner in the formulation and implementation of the companys strategies through HR activities such as recruiting, selecting, training and rewarding personnel. My first area of focus is on how to accurately staff, manage, and organize a business trough human resource function. First of all by recognizing the portfolio of the corporation at the, operational, managerial and strategic level. Than arrange the human resource department to reflect the, strategic, managerial and operational requirements of the organization. The most important structural variations of the corporation also stand on the corporations recruiting procedure. Position posting, succession forecasting and management development offer the HR department a chance to bring a measure of integration to the recruiting procedure and to have power over the internal movement of the corporations human resources. It is especially significant that staffing for all level of position and the domestic movement of employees be coordinated with the strategic concerns of the business. The portfolio of the business will make a significant input to the progress of a businesss recruiting strateg y if it turn out to be the driving force in the staffing, promotion plans programs development and selection. Management between the businesss recruiting ways and its strategic plans can improve the businesss ability to get used to environmental conditions. However the business is likely to recruit with folks who have the similar characteristics to those managers who are presently working within it. Little conscious attention is paid to identifying the characteristics most congruent with different organizational configurations. (Galbraith and Nathanson,1978). Many businesses including local shops in Edinburgh owned by the Asian community has face the challenge of developing greater confidence, solutions finding, initiative, and trouble solving capabilities among their employees which is a enormous problem as those convenient stores are the backbone of the economy (Dr Rita Welsh). Businesses need employees at every levels to be more resourceful, independent, creative and self sufficient. These behaviours allow employees to function at superior strategic level, which makes businesses more competitive and productive. Peoples efforts generate greater results. Its what every business attempt to accomplish. Although conventional skills training provides employees new methods and techniques, it will not build their belief, maturity or courage, which is necessary for the development of strategic and managerial capabilities so HR departments often do presentations and workshops regarding the above mentioned topics. As I said earlier companies try to train their staff to be more self-sufficient so less supervision would be required, in other terms empower them. Employee empowerment is a expression used to express the ways in which employees without managerial positions can make independent decisions without the need of confirmation from a boss/manager. These independent decisions can be large or small depending upon the level of power with which the organization wants to invest the member of staff. Personnel empowerment can start with training as I have mentioned above and converting a whole business into an empowerment model. On the other hand it may simply mean giving staff members the ability to make a few decisions on their own. When people feel they have option and allowed to make direct decisions, this does frequently show the way to a better feeling of self worth. In a representation where power is directly attached to sense of self, having some power is a priceless thing. A staff member who does not feel continuously criticized and watched is more likely to consider their workplace as a positive environment, rather than a negative one. The behavioural research, carried out by a group at Massachusetts General Hospital and Harvard University, recognizes the aspects that most possible to affect 21st century staff well being, productivity and commitment. They established that loyalty is mainly influenced by ones sense of purpose, general trust in the business and feeling of individual impact. Productivity is largely affected by the quality of human relationships including cooperative, social group moods and interaction. The results of the research lead me to conclude that workplaces that provide positive environments that foster interpersonal trust and quality personal relationships create the most committed and productive employees. Productivity is mostly affected by the quality of human relationships including cooperative, social group moods and interaction. The results of the research lead me to conclude that workplaces that offer positive environments that encourage interpersonal trust and quality personal relationships generate the most loyal and productive employees. So if an employee who does not feel constantly watched and criticized is more likely to consider his or her workplace as a positive environment therefore he/she feel more committed to the organization which would increase their productivity so in conclusion cut cost for the organization. Last year I have worked as a part timer for a very well respected five star hotel called Hilton Caledonian. From week one they required me to work 75 hours even so I had a contract for 25 hours per week. I could not do anything about it as it was very clear if I do not like my schedule I am free to find another job. By the end of the 3rd month when my training finished I had enough so I have left the Hilton group for their leak of flexibility. Flexibility is essential for both the employer and the employee; flexibility of employee skills, employee behaviours, and HR practices represent critical sub dimensions of HR flexibility and are related to superior firm performance. Results based on perceptual measures of HR flexibility and accounting measures of firm performance support this prediction. Whereas skill, behaviour, and HR practice flexibility are significantly associated with an index of firm financial performance, many experts find that the only skill flexibility contributes to cost-efficiency. Hilton has recruited me because they were looking for people who go the extra mile, people who are flexible but they never gave anything return therefore I left however as my worth has increased as the result of the trainings they gave me they lost money. A number of writers have argued that strategic HRM and human capital management (HCM) are one and the same thing, and indeed the concept of strategic HRM matches that of the broader definition of HCM quite well as the following definition of the main features of strategic HRM by Dyer and Holder shows that strategies involve decisions about key goals, major policies and the allocation of resources they tend to be formulated at the top. Strategies are business-driven and focus on organisational effectiveness; thus in this perspective people are viewed primarily as resources to be managed toward the achievement of strategic business goals. Strategies by their very nature provide unifying frameworks which are at once broad, contingency-based and integrative. They incorporate a full complement of HR goals and activities designed specifically to fit extant environments and to be mutually reinforcing or synergistic. This argument has been based on the fact that both HRM in its proper sense and HCM rest on the assumption that people are treated as assets rather than costs and both focus on the importance of adopting an integrated and strategic approach to managing people which is the concern of all the stakeholders in an organization not just the people management function. However, the concept of human capital management complements and strengthens the concept of strategic HRM rather than replaces it. Hence both HCM and HRM can be regarded as vital components in the process of people management and both form the basis for achieving human capital advantage through a resource-based strategy.   Business or corporate strategy for service firms in sectors such as hospitality, tourism retail etc. has to comprehend a range of varying stakeholders interests and conciliate these within a strategy framework acceptable to them all. SHRM has had a part to play in the consolidation of staff within the pattern ascertained by the most cogent internal stakeholders senior managers. SHRM is thus part of the wider reticulation of corporate administration and business strategy. The drive to fulfill external stakeholders and the people intensive nature of service sector environments leads to a stress on people management both operationally and strategically. Customer service and related concepts of superior companies have led hospitality and retail businesses to a more conceptual discernment of people management. In the long term if this remains to be seen whether the strategic management of human resources has been more regulated by soft HRM (focusing on the management of culture, employee attitudes, empowerment) and hard HRM (focusing on measurable outcomes) (Megginson 1999). Mayfair London lies at the heart of British Tourism Hospitality Industry and Bass group is a leading hospitality chain Johnson (1999) observes that senior managers at Holiday inns undertook a training project that encompassed spending short periods at operative levels. This exercise led to an actualization that if front-line staff were not given authority and autonomy to resolve non-routine problems as they arose, their customers opinion of quality and service would be badly impaired. It is important to recognize the linking together of senior executives, front line staff, empowerment of staff to take responsibility for customer care satisfaction and quality management issues. All these point to the central them in SRHM. The organization then commenced training initiatives to equip workers to take additional responsibility for quality and problem-solving as well as enforcing fresh recruitment s trategies, such as auditions for food and beverage staff to distinguish candidates with the right attitudes. The right attitudes hints that management is looking for staff with culturally specified social skills-eg attribute that are often arduous to appraise. These soft or tacit skills, abilities to execute intricate relationship roles and functions while at the same time, execute technical (or hard) tasks. The distinction between tacit soft skill and explicit technical hard task oriented- skills lies at the heart of our discussion of SHRM. Managers also recognized that the effectiveness of the new strategies would reckon on a genuine dedication to the interests and welfare of employees. The hotel gained Investors in People recognition in 1995. This is an excellent example to show how everything in linked together. I have talked about empowerment, flexibility, commitment, training, customer service and many more as this example states every single area of human resource management is effecting the entire business progress just as much as one area effects the other one. Conclusion: It is useful for all organisations to management their people within a planned and coherent framework which reflect the business strategy. They can ensure that the various aspects of people management are mutually reinforcing in developing the performance and behaviours necessary to achieve business success. There is not a single HRM strategy that will deliver success in all situations. Organisations need to define a strategy which is unique to their own situation in terms of context, goals, and the demands of organisational stakeholders.

The Impact of Immigration on The United States Essay -- American Econo

The United States is a country that was built on immigration. The first settlers, Native Americans, represent less than 2% of the total population; the remaining 98% of the population are immigrants or decedents of immigrants. Today, the US still has the highest immigration rate in the world with 757,434 naturalizations in the 2012 fiscal year only (US Naturalizations 2012, Department of Homeland security). People try to immigrate to the United States for many reasons. Some people immigrate because they have been granted a refugee status or asylum and other people immigrate to fulfill their dreams. Immigration has an effect on the American society and economy. The US cannot survive without immigrants. Every year, many people immigrate to the US for several reasons. There are those who come to look for a safe place to stay because their countries are in war. Some immigrants have left their home countries to escape war or fear of persecution. They are refugees and have a legal right to remain the United States. Others come to the US to seek protection; they are granted an asylum and are also lawful residents. Besides that, most immigrants leave their countries and come to the US to fulfill their dreams. More so, the majority of the immigrants are unauthorized immigrants who are all foreign born nonresidents. According to Population Estimates, Office of Immigration Statistics, Department of Homeland Security (2011): 4. The number of unauthorized immigrants in US was estimated to 11,510,000.Regarding only to this large number of the unauthorized immigrants we can think about an eventual impact of immigration on US. First of all immigration has a huge impact on demography and social change because it raises the US population. M... ...ates: January 2010." Population Estimates, Office of Immigration Statistics, Department of Homeland Security (2011): 4. Kica, Matos. "13 years is too long for people to wait." USA Today n.d.: Academic Search Complete. Web. 20 Nov. 2013. Laura Parker ‘’US just wouldn’t work without immigrant labor’’USATODAY’’7/22/2001 updated 11:21 PM ET http://usatoday30.usatoday.com/news/washington/july01/2001-07-23-immigrant.htm Melanie Oubre Population ‘’Growth Fueled by Immigration Puts U.S. on Fast-Track to Depletion of Natural Resources’’Number USA Friday, December 28, 2012, 11:40 AM EST https://www.numbersusa.com/content/nusablog/moubre/december-28-2012/population-growth-fueled-immigration-puts-us-fast-track-depletion-n Murphy,Dean E ``Imagining Life Without Illegal Immigrants’’ New York Times January 11,2004 http://www.wright.edu/~tdung/ Immigrants.htm

Universal Healthcare: The Pros and Cons

Universal Healthcare: The Pros and Cons On March 23, 2010 the Patient Protection and Affordable Care Act was signed by President Obama, raising the question for many of whether this new law was going to be more helpful or hurtful. With universal healthcare, healthcare coverage would be increased tremendously, costs would be reduced, Jobs would be created, and consumers would be protected. Conversely, it will also raise taxes and wait times, lead to a smaller number of doctors, and infringe on some employers' 1st amendment rights.Presenting both arguments for and against the Patient Protection nd Affordable Care Act allows one to draw a conclusion on whether the new program will benefit or hinder the citizens of the United States. The Patient Protection and Affordable Care Act, or PPACA, will extend coverage to virtually every US citizen. It is estimated that approximately 45 million Americans are uninsured, and 45,000 of those citizens are dying each year simply because they do not h ave health care (Ireland). Once this new act takes effect, 32 of those 45 million citizens will receive coverage.Citizens whose ages range from 19 to 25 will be able to stay on their parent's insurance plans when normally they would have been forced ff the plan. Young adults who are not on their parent's insurance plans and who normally wouldn't be able to afford coverage will now be able to pay for their own health insurance. Currently, patients with pre-existing conditions can be denied coverage. However, with the PPACA, insurance companies will no longer be able to deny coverage or stop coverage when a member becomes ill.Women will also be granted additional coverage, such as receive access to women's health services, and these new benefits are also required to have no out of pocket fees. Also, the availability of contraception, such as abortion, will be expanded (â€Å"The Patient Protection†). The cost of health care will be greatly reduced by the PPACA, and this will ha ve a chain reaction on big businesses and employees. With almost 95 percent of citizens paying for health insurance, costs for health care will decrease (Poe).Once the cost for health care declines, it will cost less for big businesses to hire employees. It is estimated that 4 million Jobs will be created over the next 10 years. The PPACA also affects the economy in another way; it will reduce the national deficit. Contrary to popular belief, the passing of this law will reduce the national debt by 210 billion ollars within the next decade. If it were repealed, the national debt would be raised by $230 billion (Poe). The PPACA also offers various other benefits to citizens.Catherine Poe states that once the law is passed, there will be † no more Freddie the Freeloaders allowed†; if a citizen can afford health insurance and does not purchase it, he or she will pay a fee of one percent of his or her household income. This fee will increase to 2. 5 percent by 2017. This wil l prevent citizens from not paying for health insurance and Just continuing to live off of the tax dollars of other citizens who do pay for their health nsurance. Also, the PPACA will protect consumers from the overcharging by health insurance providers.It will torce the providers to spend 80 percent ot their income on rebates or expenses, such as health and marketing expenses (â€Å"Obamacare†). While the PPACA will benefit citizens greatly, it also has its negative side effects. As previously discussed, the PPACA will lower healthcare costs and the national debt, but it will also hurt the economy as well. The cost of drugs is expected to rise due to pharmaceutical companies paying an additional 84. 8 billion dollars over the next decade (â€Å"The Patient Protection†).Taxes will also be raised in order to cover the additional costs brought on by the new program. The additional taxes will be charged to individuals making over $200,000 and couples making over $250,000. Additionally, families will only be able to deduct medical costs that surpass 10 percent of their annual income, compared to the 7. 5 percent that is currently allowed. It was stated earlier in this paper that big businesses would benefit from this law; however, the exact opposite is true for small businesses.Businesses will be forced to provide healthcare for their employees or pay a fine, something they may not be able to fford. This may result in employees' hours being cut or even the termination of the employee (â€Å"Obamacare†). The PPACA will also have a direct negative impact on the medical field as a whole. By 2025 there is expected to be a shortage of nearly 52,000 physicians. This, coupled with the number of office visits increasing over 100 million times, will put incredible strain on the healthcare system (â€Å"The Patient Protection†).This will cause wait times for medical treatment to be greatly increased. Patients will be more likely to go to the emer gency room for minor treatments, such as coughs due to colds, thus causing atients with real emergencies to wait even longer. Also, there will be no competition for patients. This competition is what encourages health care workers to excel in their specialties and to become better. This may even cause fewer people to choose to pursue a career in the medical profession (Ireland).One of the more controversial arguments against universal healthcare is the effect it will have on known religious-based businesses. As stated earlier, with the PPACA businesses will be required to provide health insurance for their employees that would include contraceptive services for women. The result is that religious based businesses, such as Hobby Lobby, which is owned by evangelical Christians, will be forced to essentially pay for their employees to receive contraceptives, something that goes against their religion.If a business decides to follow its religious beliefs and not provide the health insur ance it will be issued a fine, thus hurting the business for practicing their religion. This has led the government to define what religion is and what qualifies a business as a religious employer. This aspect of the PPACA goes against the 1st amendment protection of the freedom of religion, herefore making it unconstitutional (â€Å"A Case†). Weighing both sides of the universal healthcare argument, it can be concluded that the Patient Protection and Affordable Care Act is truly more hurtful than it is helpful.It will cost citizens greatly, through increased tax dollars and being forced to pay for their healthcare. Small businesses contribute immensely to the countrys economy, and they will be hurt significantly by this program. Also, the effects it will have on the healthcare system are immeasurable. There is already a considerable shortage of doctors, and this will only increase remarkably once the PPACA takes tect Lack ot competition within the medical protession is somet hing that cannot be overlooked either.

Tale of two cities review Essays

Tale of two cities review Essays Tale of two cities review Essay Tale of two cities review Essay Essay Topic: Tale Of Two Cities Lucie also shows love award Sydney Carton, the man who has a secret love for her. Dissimilar to actually being born, rebirth has more to do with rejuvenation and Dickens portrays it to be nothing like an actual birth in A Tale of Two Cities. Dickens Justifies that both Doctor Nanette and Carton are worthy and deserving of a second chance because, deep down they are good people. The Doctor earns his rebirth when he shows that he has the strength to set aside his shoemakers and the negative attitude associated with it. Carton shows that he is a good man in chapter 13 when he opens up to Lucie reiterating that he only wants her to be happy. So in the end, despite all that is going on Lucie leads these two men to resurrection. After Doctor Nanette was set free from the Pastille following his 18 year imprisonment, he was so mentally fried he could only occupy himself with shoemakers and could only utter the words, one-hundred and five north tower. Dickens has clearly told us that the Doctors time in captivity has driven him mad. The Doctor is rescued by Monsieur Defanged, the wine shop owner, and delivered to his, long lost daughter, Lucie, his recovery is not immediate and he continues to be in a state of mental half consciousness. Dickens portrays Lucie as an affectionate caring character through how she is describe and also how other characters feel about her. His eyes rested on a short, slight, pretty figure, a quantity of golden hair [and] a pair of blue eyes that met his own. From the mere description of her the reader gets a clear picture of a caring and kind lady. Mr Lorry thoughts on Lucie also add to her caring aura, As his eyes rested on these things, a sudden vivid likeness passed before him of a child whom he had held in his arms. Being compared to a child gives the reader a sense that Lucie can do no intentional ring so is an innocent being. Despite the fact that Doctor Mandates resurrection is not something that happens immediately, Lucres love for him is clear from the moment they first meet. This is evident right away in chapter 6 when Lucie first lays eyes on her father and tells him that, the agony is over have come here to take you from it from you. This is where Lucres part in the rebirth starts because it affirms to the reader that this character will do all she can to help the Doctor recover. When Doctor Nanette returns to England he has a gradual return to sanity, so much o he is able to speak well at Charles Darns trial. Eventually we are alerted to Doctor Nanette freeing himself from his mental shackles, No garret, no shoemakers, no one Hundred Ana I eve, Norton lower, now! He Ana accomplish e n a ten task en Ana set himself. The reader can infer that Doctor Nanette is now fully sane again but, while Lucie continues to love her father, Sydney Carton presents his dilemma to Lucie. Lucie would do anything to help a dear friend like Sydney Just as she had with her father. One night Carton stops by the Nanette residence and has a talk with Lucie. Carton essentially expresses his love for Lucie and the sorrows of his life. At one point Lucie interjects, can I not recall you too better course? Can I in no way repay your confidence? This gives the impression that it is Lucie who wants to give Carton a second bite at the cherry. Lucie uses a mixture of love and sympathy to guide Carton toward rebirth and Dickens later shows the profound affect she has had on him. He was so unlike what he had ever shown himself to be, and it was so sad to think how much he had thrown away. Cartons change in tone proves stark contrast o how he was portrayed at the beginning of the novel which was as a drunken low life who didnt think much of himself. Early on in the book this picture is painted when Darned comments to him, l think you have been drinking, Mr Carton. To this, Carton responds Think? You know I have been drinking. I am a disappointed drudge, sir. I care for no man on earth and no man on earth cares for me. Lucie later says to Carton, l entreated you to believe again and again, most fervently, with all my heart, was capable of better things, Mr Carton! This shows that Carton was saved because of Lucres continuing belief in him. Both Doctor Nanette and Sydney Carton were resurrected by Lucie Mandates constant love and kindness. Lucie Saves the Doctor through her love and care while it is her belief and love shown towards Sydney that saves him. The characters in A Tale of Two Cities have a greater impact on each others lives than they themselves realize and resurrection is one of the recurring themes in this novel. Dickens shows the power of love to oppose the war going on in France. Resurrection is a well thought out theme in A Tale of Two Cities because without it the characters and indeed society would perish.