Code of Ethical Conduct in the Workplace Essay Example | Topics and Well Written Essays - 1000 words - 25

Code of Ethical Conduct in the Workplace - Essay Example Another negative harm could be Dennis’s mother getting a hold of the spread of information which she gave out in confidentiality and end up withdrawing her son from school and even a possible transfer. There is no way the outcome of this situation can be anticipated, though the negative outcome seems to overpower the positive. Thus, Natasha has to weigh the situation well so as to ensure whatever decision she makes neither Dennis’ nor the teacher's reputation gets ruined. Â  Natasha is a teacher to Dennis thus she has an obligation to protect Dennis’s rights as his student but also a friend to Gal she has to maintain a workable professional courtesy. Most situations do not allow time for one to go back to the NAEYC codebook to refer as they require the prompt response for damage control. Natasha deals with such a situation. The problem is a workplace problem which involves ethics. It is an ethical dilemma as Natasha’s decision falls between whether to protect Dennis or to protect Gail. The NAEYC code 1-2.2 on an ethical responsibility to families dictates that we should develop relationships of mutual trust and create partnerships with the families we serve. This thus forces Natasha to ensure that Dennis’s mother does not regret trusting her son’s teachers with confidential information so as to maintain the trust. Â  The ethics code under code P-2.12 protect Dennis’s rights: This forces Natasha to have knowledge of the code at heart to ensure that whatever decision she makes does not ruin her reputation as a teacher to the parents and students. Â  

Hewlett Foundation Case Study Example | Topics and Well Written Essays - 1000 words

Hewlett Foundation - Case Study Example The asset allocation policies are formulated by the foundation, internally managed but uses external manager to invest the portfolio. The external managers can either invest 100% of the asset in indexed instruments or invest partially depending on the allocation method. There are four methods that the foundation uses in evaluating the performance of its portfolio. To begin with, it uses a benchmark with which it compares the performance of each asset. If the portfolio outperforms its benchmark, then it is a worth portfolio to invest in. on the other hand, if its performance is less than that of the benchmark, then it’s not a worth portfolio. The second is comparing the performance of HF ‘composite benchmark’ with that of U.S stocks and bonds. The other method is by comparing performance of its portfolio relative to that of other tax-exempt institutions. Finally, accessing whether the return on assets exceeds the rate of inflation. It is evident that the process do es not use the mean-variance optimization method in the process. It is the most accurate method in analyzing portfolios as it incorporates risk and returns (Goetzmann at.al, 2006). Therefore, it is recommendable for HF to consider using it in asset allocation process. 1.2 Decision-making framework Proposal 2 In this option, 5% of the assets will be committed to a global distressed real estate fund. In order to assess the viability of this investment, the allocation committee should use discounted cash flows (DCF) models such as the Net present Value and the interest rate of return (IRR) (Goetzmann at.al, 2006). These methods take into account the aspect of time value for money and make use of cash flows not profits. The process starts by accessing the initial investment costs and then projecting cash flows. The project is acceptable if the NPV is greater than one meaning that the discounted cash flows should be greater than the initial cost of the investment. In the case for IRR, th e investment is acceptable if IRR is greater than the required rate of return and vice versa. Proposal 1 In this proposal, the committee aim is to reduce the foundation’s exposure to domestic equities, and instead increase this allocation to absolute return strategies and US TIPS (Treasury Inflation Protected Securities). TIPS are short term investments which are risk free. Therefore, they can use Capital asset pricing model (CAPM) in decision making. CAPM is a theoretical model used to determine the required rate of return of an asset. It also considers the risk free asset. Once the required rate of return (Ri) is calculated using the CAPM model, it is compared to the assets estimated rate return over a specific investment horizon to determine the viability of the investment. That is, whether the investment is worth to take. For such comparisons, technical analysis techniques such as the price earning ratio (P/E) can be used. Generally, an asset is said to be well priced if the estimated price is same as the required rates of

Determination of Sodium Thiopental Using Gold Nanoparticles

Determination of Sodium Thiopental Using Gold Nanoparticles Development of a new colorimetric method for the determination of sodium thiopental using gold nanoparticles Sodium thiopental (sodium pentothal) is in a group of drugs called barbiturates.this barbiturate commonly used anesthetic induction agents in man and animals because recovery is rapid and it has the advantage of having very little or no side effects[1].It is used for intensive-care patients with head injuries to control convulsions and reduce raised intracranial pressure[2]. As a resultmonitoring of theserum concentrations is important in this patient population. Several analytical procedures have been reported for the quantitative determination of thiopental. Among these high-performance liquid chromatography (HPLC) are more popular. HPLC assays are not completely reliable, and do not have the short process-time required in most of the above-mentioned indications[3, 4]. other methods are available for determining thiopental including stripping voltammetry[5],membrane sensors[6],capacitive chemical sensor [7],gas chromatography (GC)[8],spectrophotometric and spectrophotofluorometric[9, 10]. Donald et al[11]reported that, after the usual 4.8 mg/kg induction doses, thiopental concentration in serum as a function of time varies between 10 mg/L to 25 mg/L during 50h.As stated before most of these currently used methods for sodium thiopental detection usually need expensive and complicated instruments and are time-consuming, making on-site and real-time thiopental detection difficult. Therefore, it is important to develop a simple reliable and hig hly sensitive method for on-site and real-time detection of sodium thiopental. Recently, gold nanoparticles (NPs) explored for metallic NP-based colorimetric detection have attracted considerable attention due to biocompatibility, stability, and high extinction coefficients[12]. gold nanoparticles present size-dependent optical properties owing to the surface plasma resonance(SPR)[12]. The color of the colloidal Au NPs can be readily and precisely changed via aggregation of Au NPs.Au NPs were widely applied in colorimetric detection of several analytes such as protein, DNA, metal ions and small molecules[ ]. In this study, we used gold nanoparticles as a colorimetric probe for sensitive and selective detection of sodium thiopental. The gold nanoparticles were prepared using the classical citrate method [12].thiopental on the surface of AuNPs displaced the stabilizing citrate ions because thiol group of sodium thiopental tends to readily adsorb onto the surface of colloidal gold via chemisorptions-type interactions. The thiopental capped Au NPs were stable at basic and neutral conditions .Puntes et al [13] have studied the stability of cationic gold nanoparticle bioconjugates as a function of pH and the presence of citrate in solution. The pH of an aqueous solution of thiopental-Au NPs was varied by direct addition of citrate buffer. the thiopental-Au NPs can be aggregated by adding certain amounts of citrate buffer due to the electrostatic attraction between amino group contained in thiopental molecular and citrate ion on the surface of Au NPs, the amino group of the thiopental would be positively charged at the given pH value and they would therefore interact electrostatically with the negative charges of the citrate molecules. Thus forcing the aggregation of the conjugated Au NPs and subsequently resulting in the color change from wine red to purple or blue color.So that we detected it by UV–Vis spectrophotometer and paptode techniques and contrast both methods.First time at 2004 paptode was developed in Dr. Abbaspour group for speciation of iron(II) and iron(III) and the full range pH monitoring [14]. Then it was used for the determination of dopamine [15], hydrazine [16]. In paptode, conventional à ¯Ã‚ ¬Ã¢â‚¬Å¡atbed -scanner (as a nondestructive detector) was used to acquire the analytical parameters for quantitative determination of analyte that occurs via colorimetric reaction. The estimated re à ¯Ã‚ ¬Ã¢â‚¬Å¡ection density, as an analytical parameter, is obtained from an area of the sensing zone of spots using the average Red (R), Green (G) and Blue (B) channel. Degrees of the color of the spots are found to be proportional to the concentration of the testedanalyte. Experimental section: Reagents: HAuCl4.3H2O, trisodium citrate and citric acid were purchased from Sigma. Thiopental was obtained from Biochemie (Kundl, Austria) and zinc sulfate purchased from Fluka All solutions were prepared with ultrapure water Apparatus and software: The colorimetric study of NPs were performed by means of a Shimadzu 1601PC UV–Vis spectrophotometer (Kyoto, Japan)from 300 to 700 nm. Also a Canon scanner were used to record the color changes in paptode technique. The paptode Cells were built by creation of the holes (i.d 1.5 cm) in the sheet of plexiglas (thickness 0.9 cm). We used by photoshop Cs6 software to convert the recorded pictures of color of cells to RGB (Red, Green and Blue) and L*a*b data. The morphology and size of the nanoparticles were characterized by a transmission electron microscope (TEM model CM10; Philips). The X-Ray diffraction (XRD) patterns were obtained by using a D8 ADVANCE type (BRUKER-Germany) with Cu-KÃŽ ± radiation (ÃŽ »= 0.1542 nm). Powder XRD patterns were taken in 0.02 ° steps at 1 s per step. All the experiments were carried out at room temperature(25  ± 2 C) Synthesis of citrate-stabilized Au nanocrystals: Nanoparticles of noble metal were prepared by classical citrate method[12].the10ml of 0.014M of trisodium citrate dehydrate solution was added quickly to the 100ml of boiling solution of 0.5mM of HAuCl4.3H2O under magnetic stirring. The stirring was continued until a dark red color was observed (around 20 min) and the maximum absorbance of AuNPs solution was centered at 520 nm Sample preparation: Fresh human blood samples (2.0 mL) were obtained from volunteers of the local hospital. After letting sample stand for 60 min at room temperature we centrifuged at 4000 rpm for 10 min. The supernatant was used as the source of the serum. We used zinc sulfate method as a deproteinization technique[]: we vortex-mix for 10s of the 10ml of serum sample and 150mg zinc sulfate, then we centrifuged the mixture at 3000 rpm for 20 min. The supernatant, which excluded protein, was used for further analysis. Procedures for the detection of sodium thiopental: In a typical detection of sodium thiopental, different amounts of thiopental solution were added to the above XmlAu NPs solutions at room temperature. we proceeded to study the behavior of the conjugated system by modifying the pH . To investigate the effect of pH of the buffer solutions on thiopental detection, 0.5 mL of 0.1 M buffer solution (citric buffer solution in the pH range of 3.0–6.0 ) was added in mixture of thiopental and Au NPs solution. The obvious color change was observed with the naked eye and the absorbance spectra and scanning images of the solution were recorded 1 min after the addition of citrate buffer. In spectroscopy technique ,The concentration of sodium thiopental was quantified by the absorption ratio (A670/A520). Results and discussion Citrate was chosen as the stabilizer for AuNPs because it is negatively charged, and can act as a stabilizingagent to disperse AuNPs in aqueous solutions. The Au NPs after synthesis showed a surface plasmon resonance (SPR) band at 405 nm (Fig. 1a). the addition of sodium thiopental doesn’t led to a color change of Au NPsin ultrapure water, although the thiol group of sodium thiopental tends to readily adsorb onto the surface of Au NPs.The pH of AuNPs solution in present of sodium thiopental is 10.2 and Puntes et al[13]reportedthat the presence of charged molecules insolution may induce NPs aggregation by bridging particlestogether. It was observed that multiple electrostatic interactions between the conjugates mediated by cross-linking species led to an effective strong bond and consequently to irreversible aggregation and precipitation. So that at the given pH value , charge of thiopental can be change and thenthe color of the colloidal thiopental-Au NPs can be changed to blu e (broad band above 600 nm).*Scrutiny of pH/Concentrate diagrams of citrate and thiopental shows that at the pH of between 5 to 7 , charge of citrate and thiopental can benegative and neutralfig S1. But when sodium thiopental add to AuNPs solution, the S- group in the sodium thiopental provides a strong affinity for gold. So that orbital of thiol group of thiopentalinvolved for Au NPs surface and when pH change from 10.2 to 6 , the amino group of the thiopental would be accepted H + and get positive charge. In present of excesscitrate at the pH of 6 , thiopental-AuNPscan be aggregated via electrostatic attraction between the citrate ions and the thiopental. So that in this study we used citrate buffer solutionfor control of pH( in the pH range of 3.0–6.0) and source of citrate (as a bridging factor). The aggregation mechanism of Au NPs is illustrated in Fig. 1. Optimization pH and time we proceeded to study the behavior of the conjugated system by modifying the pH( 7.1-5.4). The pH of an aqueous solution of0.00001M thiopental capped AuNPs was varied by direct addition of 0.05Mcitrate buffer to the solution andThe UV-Vis spectrum wasmonitored and the extinction ratio of absorbance at 600 nm to 420 nm (A600/A410) is plotted against the pH inFig. 3A. The thiopental-capped Au NPs were stable at basic and neutral conditions.When the pH of the solution was below the 6.4 , Au NPs agglomerated.the aggregation was solely due to the bridging citrate between the amine functionality.Onthe basis of this optimization experiment, the pH was set to 6.2 to achieve a best aggregationFig. 3A.When the pH was decreased immediately from 5.4 after the addition of the citrate buffer scatteringwasobserved.Fig. 3A illustrates theabsorption spectra of AuNPs at different pH value. At the concentration of sodium thiopental as 0.00001M, the extinction ratio ofA650/A520 at room temperatureexhibited a rapid increaseduring the first 1.5min,then increased gradually from 1 min to 18 min and then remained constantFig 3B. Thus, the detection time was chosen as 20 min. We choseto use the absorbance ratio at 500 and 600 wavelengths to quantify thecolor of the system,thecolor change at various sodium thiopental concentrations were monitored byUV/Vis spectroscopyfig4A.Quantitative analysis was performed by monitoringthe absorbanceat 1minute after the addition of citrate buffer Fig4B .The linear range, detection limit and reproducibilityof the method were evaluated under the optimumconditions.Thecalibration curve for sodium thiopental was linear in two ranges of( †¦Ã¢â‚¬ ¦. To †¦Ã¢â‚¬ ¦ and†¦Ã¢â‚¬ ¦ to †¦Ã¢â‚¬ ¦) with correlation coefficients 0.9981 and0.9979, respectively. The Experimental detection limit has been obtained as 2 µM. The relative standard deviation(R.S.D.) for1.0Ãâ€"10−8M thiopental measurementwas2.7% (n=11)Fig4A .when thiopental concentrationincreased above 0.0005M, scattering was observed fig3B because thiopental polymerized white citrate molecule. So that we tried paptode techniques to resolve thisproblem FigS1. Although the higher concentrations of sodium thiopental was determined by paptode, but the limit of detection was rather high (LOD 10  µM) in comparison to the spectrophotometric method. The detailed procedure for sodium thiopental determination by the paptode method is explained in supporting information. To test the selectivity of the above method for sodium thiopental, we testing the response of the assay to some potential interference species and structurally similar to the sodium thiopental such as†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.in optimum condition and different concentration .the results areshown in bar diagramFigure 8 .red barsexhibit Color changes of the solution in thepresence of various interference species at concentrations of 10mMand bluebars exhibit Color changes in presence ofinterference species at real concentration in serum ( 1M cysteine, 2M†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦), The maximum absorption wavelength of AuNPs did notchange in the presence of the tested species, Except for cysteineat concentrations of 10mM. Therefore, AuNPs had good selectivity for sodium thiopental detection in optimum condition in the serum. Colorimetric detection of sodium thiopental in serum: To validate the reliability of the proposed method for sodium thiopental detection in real samples, The unknown amounts of thiopental were added to thethree different human serum samples before samplespre-treatment .Detecting of sodium thiopental in a serum is not easy because of the serum constituents.the color of the Au NPs was not stable by the addition of the blank serum. So that it mustdiluted ten times. As regardsthe calibration curve for detection thiopental by this methodand dilution of serum and thiopental concentration in serum as a function of time varies after the usual 4.8 mg/kg induction doses [] , we can detect sodium thiopental in human serumbefore 3 hour.samples were determined by both the AuNP-based method reported herein and the standard addition method. Satisfactory results and recoveries as shown in Table 2. The satisfactory results obtained indicate that proposed sensors can be applied to real sample assays. [1] H. Russo, F. Bressolle, Clinical Pharmacokinetics, 35 (1998) 95-134. [2] R.I. Katz, J.T. Skeen, C. Quartararo, P.J. Poppers, Anesthesia Analgesia, 66 (1987) 1328-1330. [3] H. Russo, J.L. Allaz, F. Bressolle, Journal of Chromatography B: Biomedical Sciences and Applications, 694 (1997) 239-245. [4] G. Coppa, R. Testa, A.M. Gambini, I. Testa, M. Tocchini, A.R. Bonfigli, Clinica Chimica Acta, 305 (2001) 41-45. [5] A.M.M. Ali, O.A. Farghaly, M.A. Ghandour, Analytica Chimica Acta, 412 (2000) 99-110. [6] N.M.H. Rizk, A.-H.M. Othman, Analytical Sciences, 21 (2005) 107-110. [7] M. Najafi, A.A. Baghbanan, Electroanalysis, 24 (2012) 1236-1242. [8] W.R. Kà ¼lpmann, Z. Anal. Chem., 311 (1982) 409. [9] G.A. Saleh, Talanta, 46 (1998) 111-121. [10] P.G. Dayton, J.M. Perel, M.A. Landrau, L. Brand, L.C. Mark, Biochemical Pharmacology, 16 (1967) 2321-2336. [11] D. Jung, M. Mayersohn, D. Perrier, Clinical Chemistry, 27 (1981) 113-115. [12] M.-C. Daniel, D. Astruc, Chemical Reviews, 104 (2004) 293-346. [13] I. Ojea-JimeÃÅ' nez, V. Puntes, Journal of the American Chemical Society, 131 (2009) 13320-13327. [14] A. Abbaspour, M.A. Mehrgardi, A. Noori, M.A. Kamyabi, A. Khalafi-Nezhad, M.N. Soltani Rad, Sensors and Actuators B: Chemical, 113 (2006) 857-865. [15] A. Abbaspour, A. Khajehzadeh, A. Ghaffarinejad, Analyst, 134 (2009) 1692-1698. [16] A. Abbaspour, E. Mirahmadi, A. Khajehzadeh, Analytical Methods, 2 (2010) 349-353.

surfing :: essays research papers

Surfing is the sport of riding a surfboard toward the shore on the crest of a wave. It is an amazing sport to learn and it gives the rider a hell of an adrenaline rush!! There are three major phases of surfing – paddling, push up and the standing position. This report will give you a full understanding of the correct techniques to use while surfing and it also describes the basic structure and function of the muscular-skeletal and cardio-respiratory systems of the human body. It will also describe the many different energy systems and how they change when surfing. Getting Started Before catching the massive waves it’s a good idea to practise getting used to surfing on the white wash. The white wash is where the waves break and it is the easiest wave to catch. Strap your leg rope (or leash) to your ankle, and hold the slack so you don’t trip as you enter the water. The first phase in surfing is paddling. To start off you will need to learn how to successfully catch a wave. It’s a good idea to watch other surfers get into the water, and observe the route they use to paddle out. To paddle, you first lie on your surfboard – to do this body weight needs to be positioned along the centre of the board. Your feet need to be raised slightly off the end of the board. Your body needs to be far enough back to keep the nose of the board about a couple of inches out of the water. If you are too far forward on the board you will notice that the nose of the board keeps dipping underwater making it very difficult to paddle. It will take time to find the most comfortable position. Try to be balanced on the board and paddle at almost the speed of the incoming wave. Raise your head when you paddle with arms bent at the elbow approximately ninety degrees. Reach out with one arm at a time, cupping your hands to make a scoop, stroking your way through the water. You don’t have to dig your arms too deep. Keep the movement of your arms nice and smooth, pulling the board through the water and finish your paddle by flicking your wrist as your arms moves past your hip. Pictures (Above and right): The position of different surfers while paddling

Individual Vlan

Individual VLAN IT/242 Bob Anderson Adam Moneypenny Why Create a VLAN Due to the changes happening within the company, expansion of the call center, employees moving around within the building, and employees moving off site there is a need for change to the network. Virtual Local Area Network (VLAN) is the most obvious choice because â€Å"the VLAN solution can help reduce costs by allowing us to purchase fewer router ports. It also gives us the flexibility of physically placing and moving our clients anywhere in the organization, while still including them virtually within their own subnet.We can also contain broadcasts within the network, thereby freeing up network resources. From a security perspective, it allows us very granular control of the network. † (McIntire, 2001) The Plan In order to accommodate the changes the network needs due to expansion and relocation the Local Area Network (LAN) must be segmented into different broadcast domains through the use of the VLAN. I ncorporating the VLAN will reduce the number of router hops and increase the apparent bandwidth for the user. SecurityTo improve security, separating systems that have sensitive data from the rest of the network decreases the chances that people will gain access to information they are not authorized to see. VLAN Memberships VLAN membership will be of the Dynamic type. The Dynamic VLANs switch automatically assigns the port to a VLAN. Because there are changes happening quickly and employees being added and moved to new locations this membership type would work best. It can be assumed that with the growth of the company that there will be more employees being moved and location changes continuing.Switches A layer 2 switch will be used on the VLAN. With a layer 2 switch multiple layer 3 networks can be created from the same layer 2 switch. This layer 3 is the same layer that IP subnets are created on. Trunking Trunking will be used to allow for multiple VLANs and multiple switches to communicate via a single link between the switches. The type of trunking configured on the switches will be VTP Server mode which is the default mode for all Cisco switches. â€Å"The VTP server controls VLAN creation, modification, and deletion for their respective VTP domain.Synchronizes VLAN configuration with latest information received from other switches in the management domain. Switches that operating in VTP server mode store the VLAN database in NVRAM and advertise VTP information to all other switches within the VTP domain. † (Leahy, 2011) Backup Plan As a backup to the VLAN operating model to ensure continued operation of the network during a VLAN fault or outage, the network should be physically laid out to provide a star topology in the absence of the VLAN while the VLAN and VTP are reconfigured or repaired.Summary As can be seen from all the information above the VLAN will satisfy all the needs of the company and its struggle with growth. VLANs allow for growth to the network without adding excessive hardware. Mobility of users can be easily solved and security can be increased. The VTP is an excellent way to allow all the VLANs to communicate effectively. It can also easily be backed up with a star topology physical layout. In conclusion the VLAN will be the perfect solution for the company. References Leahy, E. (2011, July 22).VLAN Trunking Protocol (VTP). Retrieved October 28, 2012, from The World of Networking: http://ericleahy. com/? p=644 McIntire, R. (2001, September 4). VLANS and Switching Technology. Retrieved October 28, 2012, from TechRepublic: http://www. techrepublic. com/article/vlans-and-switching-technology-why-and-how-to-implement-vlans-in-your-cisco-switched-network-environment/1055541 Stallings, W. (2009). Business Data Communications. Prentice Hall. Tyson, J. (n. d. ). How LAN Switches Work. Retrieved October 28, 2012, from How Stuff

Introduction of Management

Chapter 1 Introduction of management Management  is a universal phenomenon. It is a very popular and widely used term. All organizations – business, political, cultural or social are involved in management because it is the management which helps and directs the various efforts towards a definite purpose. According to  Harold Koontz, â€Å"Management is an art of getting things done through and with the people in formally organized groups. It is an art of creating an environment in which people can perform and individuals and can co-operate towards attainment of group goals†. According to  F. W. Taylor, â€Å"Management is an art of knowing what to do, when to do and see that it is done in the best and cheapest way†. Management is a purposive activity. It is something that directs group efforts towards the attainment of certain pre – determined goals. It is the process of working with and through others to effectively achieve the goals of the organization, by efficiently using limited resources in the changing world. Of course, these goals may vary from one enterprise to another. E. g. : For one enterprise it may be launching of new products by conducting market surveys and for other it may be profit maximization by minimizing cost. Management involves creating an internal environment: – It is the management which puts into use the various factors of production. Therefore, it is the responsibility of management to create such conditions which are conducive to maximum efforts so that people are able to perform their task efficiently and effectively. It includes ensuring availability of raw materials, determination of wages and salaries, formulation of rules & regulations etc. Therefore, we can say that good management includes both being effective and efficient. Being effective means doing the appropriate task i. , fitting the square pegs in square holes and round pegs in round holes. Being efficient means doing the task correctly, at least possible cost with minimum wastage of resources. Management can be defined in detail in following categories : 1. Management as a  Process 2. Management as an  Activity 3. Management as a  Discipline 4. Management as a  Group 5. Management as a  Science 6. Man agement as an  Art 7. Management as a  Profession Management as science science is a systematic body of knowledge pertaining to a specific field of study that contains general facts which explains a phenomenon. It establishes cause and effect relationship between two or more variables and underlines the principles governing their relationship. These principles are developed through scientific method of observation and verification through testing. Science is characterized by following main features: 1. Universally acceptance principles –  Scientific principles represents basic truth about a particular field of enquiry. These principles may be applied in all situations, at all time & at all places. E. g. – law of gravitation which can be applied in all countries irrespective of the time. Management also contains some fundamental principles which can be applied universally like the Principle of Unity of Command i. e. one man, one boss. This principle is applicable to all type of organization – business or non business. 2. Experimentation & Observation –  Scientific principles are derived through scientific investigation & researching i. e. they are based on logic. E. g. the principle that earth goes round the sun has been scientifically proved. Management principles are also based on scientific enquiry & observation and not only on the opinion of Henry Fayol. They have been developed through experiments & practical experiences of large no. of managers. E. g. it is observed that fair remuneration to personal helps in creating a satisfied work force. 3. Cause & Effect Relationship –  Principles of science lay down cause and effect relationship between various variables. E. g. when metals are heated, they are expanded. The cause is heating & result is expansion. The same is true for management, therefore it also establishes cause and effect relationship. E. g. lack of parity (balance) between authority & responsibility will lead to ineffectiveness. If you know the cause i. e. ack of balance, the effect can be ascertained easily i. e. in effectiveness. Similarly if workers are given bonuses, fair wages they will work hard but when not treated in fair and just manner, reduces productivity of organization. 4. Test of Validity & Predictability –  Validity of scientific principles can be tested at any time or any number of times i. e. they stand the test of time. Each time these tests will give same result. Moreover future events can be predicted with reasonable accuracy by using scientific principles. E. g. H2  & O2  will always give H2O. Principles of management can also be tested for validity. E. g. principle of unity of command can be tested by comparing two persons – one having single boss and one having 2 bosses. The performance of 1st person will be better than 2nd. It cannot be denied that management has a systematic body of knowledge but it is not as exact as that of other physical sciences like biology, physics, and chemistry etc. The main reason for the inexactness of science of management is that it deals with human beings and it is very difficult to predict their behavior accurately. Since it is a social process, therefore it falls in the area of social sciences. It is a flexible science & that is why its theories and principles may produce different results at different times and therefore it is a behavior science. Ernest Dale has called it as a  Soft Science. Management as art Art implies application of knowledge & skill to trying about desired results. An art may be defined as personalized application of general theoretical principles for achieving best possible results. Art has the following characters – 1. Practical Knowledge:  Every art requires practical knowledge therefore learning of theory is not sufficient. It is very important to know practical application of theoretical principles. E. g. to become a good painter, the person may not only be knowing different colour and brushes but different designs, dimensions, situations etc to use them appropriately. A manager can never be successful just by obtaining degree or diploma in management; he must have also know how to apply various principles in real situations by functioning in capacity of manager. 2. Personal Skill:  Although theoretical base may be same for every artist, but each one has his own style and approach towards his job. That is why the level of success and quality of performance differs from one person to another. E. . there are several qualified painters but M. F. Hussain is recognized for his style. Similarly management as an art is also personalized. Every manager has his own way of managing things based on his knowledge, experience and personality, that is why some managers are known as good managers (like Aditya Birla, Rahul Bajaj) whereas others as bad. 3. Creativity:  Every artist has an el ement of creativity in line. That is why he aims at producing something that has never existed before which requires combination of intelligence & imagination. Management is also creative in nature like any other art. It combines human and non-human resources in useful way so as to achieve desired results. It tries to produce sweet music by combining chords in an efficient manner. 4. Perfection through practice:  Practice makes a man perfect. Every artist becomes more and more proficient through constant practice. Similarly managers learn through an art of trial and error initially but application of management principles over the years makes them perfect in the job of managing. 5. Goal-Oriented:  Every art is result oriented as it seeks to achieve concrete results. In the same manner, management is also directed towards accomplishment of pre-determined goals. Managers use various resources like men, money, material, machinery & methods to promote growth of an organization. Thus, we can say that management is an art therefore it requires application of certain principles rather it is an art of highest order because it deals with moulding the attitude and behavior of people at work towards desired goals. Management as both Science and Art Management is both an art and a science. The above mentioned points clearly reveals that management combines features of both science as well as art. It is considered as a science because it has an organized body of knowledge which contains certain universal truth. It is called an art because managing requires certain skills which are personal possessions of managers. Science provides the knowledge & art deals with the application of knowledge and skills. A manager to be successful in his profession must acquire the knowledge of science & the art of applying it. Therefore management is a judicious blend of science as well as an art because it proves the principles and the way these principles are applied is a matter of art. Science teaches to ’know’ and art teaches to ’do’. E. g. a person cannot become a good singer unless he has knowledge about various ragas & he also applies his personal skill in the art of singing. Same way it is not sufficient for manager to first know the principles but he must also apply them in solving various managerial problems that is why, science and art are not mutually exclusive but they are complementary to each other (like tea and biscuit, bread and butter etc. ). The old saying that â€Å"Manager are Born† has been rejected in favor of â€Å"Managers are Made†. It has been aptly remarked that management is the oldest of art and youngest of science. To conclude, we can say that science is the root and art is the fruit. Levels of Management The term â€Å"Levels of Management’ refers to a line of demarcation between various managerial positions in an organization. The number of levels in management increases when the size of the business and work force increases and vice versa. The level of management determines a chain of command, the amount of authority & status enjoyed by any managerial position. The levels of management can be classified in three broad categories: – 1. Top level / Administrative level 2. Middle level / Executory 3. Low level / Supervisory / Operative / First-line managers Managers at all these levels perform different functions. The role of managers at all the three levels is discussed below: 1. Top Level of Management It consists of board of directors, chief executive or managing director. The top management is the ultimate source of authority and it manages goals and policies for an enterprise. It devotes more time on planning and coordinating functions. The role of the top management can be summarized as follows – a. Top management lays down the objectives and broad policies of the enterprise. b. It issues necessary instructions for preparation of department budgets, procedures, schedules etc. c. It prepares strategic plans & policies for the enterprise. d. It appoints the executive for middle level i. e. departmental managers. e. It controls & coordinates the activities of all the departments. f. It is also responsible for maintaining a contact with the outside world. g. It provides guidance and direction. h. The top management is also responsible towards the shareholders for the performance of the enterprise. 2. Middle Level of Management The branch managers and departmental managers constitute middle level. They are responsible to the top management for the functioning of their department. They devote more time to organizational and directional functions. In small organization, there is only one layer of middle level of management but in big enterprises, there may be senior and junior middle level management. Their role can be emphasized as – a. They execute the plans of the organization in accordance with the policies and directives of the top management. b. They make plans for the sub-units of the organization. c. They participate in employment & training of lower level management. . They interpret and explain policies from top level management to lower level. e. They are responsible for coordinating the activities within the division or department. f. It also sends important reports and other important data to top level management. g. They evaluate performance of junior managers. h. They are also responsible for inspiring lower level managers towards better performance. 3. Low er Level of Management Lower level is also known as supervisory / operative level of management. It consists of supervisors, foreman, section officers, superintendent etc. According to  R. C. Davis, â€Å"Supervisory management refers to those executives whose work has to be largely with personal oversight and direction of operative employees†. In other words, they are concerned with direction and controlling function of management. Their activities include – a. Assigning of jobs and tasks to various workers. b. They guide and instruct workers for day to day activities. c. They are responsible for the quality as well as quantity of production. d. They are also entrusted with the responsibility of maintaining good relation in the organization. e. They communicate workers problems, suggestions, and recommendatory appeals etc to the higher level and higher level goals and objectives to the workers. f. They help to solve the grievances of the workers. g. They supervise & guide the sub-ordinates. h. They are responsible for providing training to the workers. i. They arrange necessary materials, machines, tools etc for getting the things done. j. They prepare periodical reports about the performance of the workers. k. They ensure discipline in the enterprise. l. They motivate workers. m. They are the image builders of the enterprise because they are in direct contact with the workers. Functions of management Management has been described as a social process involving responsibility for economical and effective planning & regulation of operation of an enterprise in the fulfillment of given purposes. It is a dynamic process consisting of various elements and activities. These activities are different from operative functions like marketing, finance, purchase etc. Rather these activities are common to each and every manger irrespective of his level or status. Different experts have classified functions of management . According toGeorge & Jerry, â€Å"There are four fundamental functions of management i. e. lanning, organizing, actuating and controlling†. According to Henry Fayol, â€Å"To manage is to forecast and plan, to organize, to command, & to control†. Whereas Luther Gullick has given a keyword ’POSDCORB’ where P stands for Planning, O for Organizing, S for Staffing, D for Directing, Co for Co-ordination, R for reporting & B for Bu dgeting. But the most widely accepted are functions of management given by KOONTZ and O’DONNEL i. e. Planning,  Organizing,  Staffing,  Directing  and  Controlling. For theoretical purposes, it may be convenient to separate the function of management but practically these functions are overlapping in nature i. . they are highly inseparable. Each function blends into the other & each affects the performance of others. [pic] Planning It is the basic function of management. It deals with chalking out a future course of action & deciding in advance the most appropriate course of actions for achievement of pre-determined goals. According to KOONTZ, â€Å"Planning is deciding in advance – what to do, when to do & how to do. It bridges the gap from where we are & where we want to be†. A plan is a future course of actions. It is an exercise in problem solving & decision making. Planning is determination of courses of action to achieve desired goals. Thus, planning is a systematic thinking about ways & means for accomplishment of pre-determined goals. Planning is necessary to ensure proper utilization of human & non-human resources. It is all pervasive, it is an intellectual activity and it also helps in avoiding confusion, uncertainties, risks, wastages etc. Organizing It is the process of bringing together physical, financial and human resources and developing productive relationship amongst them for achievement of organizational goals. According to Henry Fayol, â€Å"To organize a business is to provide it with everything useful or its functioning i. e. raw material, tools, capital and personnel’s†. To organize a business involves determining & providing human and non-human resources to the organizational structure. Organizing as a process involves: †¢ Identification of activities. †¢ Classification of grouping of activities. †¢ Assignment of duties. †¢ Delegation of authority and creation of responsibility. †¢ Coordinating authority and responsibility relationships. Staffing It is the function of manning the organization structure and keeping it manned. Staffing has assumed greater importance in the recent years due to advancement of technology, increase in size of business, complexity of human behavior etc. The main purpose o staffing is to put right man on right job i. e. square pegs in square holes and round pegs in round holes. According to Kootz & O’Donell, â€Å"Managerial function of staffing involves manning the organization structure through proper and effective selection, appraisal & development of personnel to fill the roles designed un the structure†. Staffing involves: †¢ Manpower Planning  (estimating man power in terms of searching, choose the person and giving the right place). †¢ Recruitment, selection & placement. †¢ Training & development. †¢ Remuneration. †¢ Performance appraisal. †¢ Promotions & transfer. Directing It is that part of managerial function which actuates the organizational methods to work efficiently for achievement of organizational purposes. It is considered life-spark of the enterprise which sets it in motion the action of people because planning, organizing and staffing are the mere preparations for doing the work. Direction is that inert-personnel aspect of management which deals directly with influencing, guiding, supervising, motivating sub-ordinate for the achievement of organizational goals. Direction has following elements: †¢ Supervision †¢ Motivation †¢ Leadership †¢ Communication Supervision-  implies overseeing the work of subordinates by their superiors. It is the act of watching & directing work & workers. Motivation-  means inspiring, stimulating or encouraging the sub-ordinates with zeal to work. Positive, negative, monetary, non-monetary incentives may be used for this purpose. Leadership-  may be defined as a process by which manager guides and influences the work of subordinates in desired direction. Communications-  is the process of passing information, experience, opinion etc from one person to another. It is a bridge of understanding. Controlling It implies measurement of accomplishment against the standards and correction of deviation if any to ensure achievement of organizational goals. The purpose of controlling is to ensure that everything occurs in conformities with the standards. An efficient system of control helps to predict deviations before they actually occur. According to  Theo Haimann, â€Å"Controlling is the process of checking whether or not proper progress is being made towards the objectives and goals and acting if necessary, to correct any deviation†. According to Koontz & O’Donell â€Å"Controlling is the measurement & correction of performance activities of subordinates in order to make sure that the enterprise objectives and plans desired to obtain them as being accomplished†. Therefore controlling has following steps: †¢ Establishment of standard performance. †¢ Measurement of actual performance. Comparison of actual performance with the standards and finding out deviation if any. †¢ Corrective action. Planning   means looking ahead and chalking out future courses of action to be followed. It is a preparatory step. It is a systematic activity which determines when, how and who is going to perform a specific job. Planning is a detailed programme regarding future courses of action. It is ri ghtly said â€Å"Well plan is half done†. Therefore planning takes into consideration available & prospective human and physical resources of the organization so as to get effective co-ordination, contribution & perfect adjustment. It is the basic management function which includes formulation of one or more detailed plans to achieve optimum balance of needs or demands with the available resources. Definition of Planning:- According to Koontz & O’Donell, â€Å"Planning is deciding in advance what to do, how to do and who is to do it. Planning bridges the gap between where we are to, where we want to go. It makes possible things to occur which would not otherwise occur†. According to Urwick, â€Å"Planning is a mental predisposition to do things in orderly way, to think before acting and to act in the light of facts rather than guesses†. Planning is deciding best alternative among others to perform different managerial functions in order to achieve predetermined goals. Steps in Planning Function Planning function of management  involves following steps:- 1. Establishment of objectives a. Planning requires a systematic approach. b. Planning starts with the setting of goals and objectives to be achieved. c. Objectives provide a rationale for undertaking various activities as well as indicate direction of efforts. d. Moreover objectives focus the attention of managers on the end results to be achieved. e. As a matter of fact, objectives provide nucleus to the planning process. Therefore, objectives should be stated in a clear, precise and unambiguous language. Otherwise the activities undertaken are bound to be ineffective. f. As far as possible, objectives should be stated in quantitative terms. For example, Number of men working, wages given, units produced, etc. But such an objective cannot be stated in quantitative terms like performance of quality control manager, effectiveness of personnel manager. g. Such goals should be specified in qualitative terms. h. Hence objectives should be practical, acceptable, workable and chievable. 2. Establishment of Planning Premises a. Planning premises are the assumptions about the lively shape of events in future. b. They serve as a basis of planning. c. Establishment of planning premises is concerned with determining where one tends to deviate from the actual plans and causes of such deviations. d. It is to find out what obstacles are there i n the way of business during the course of operations. e. Establishment of planning premises is concerned to take such steps that avoids these obstacles to a great extent. f. Planning premises may be internal or external. Internal includes capital investment policy, management labour relations, philosophy of management, etc. Whereas external includes socio- economic, political and economical changes. g. Internal premises are controllable whereas external are non- controllable. 3. Choice of alternative course of action a. When forecast are available and premises are established, a number of alternative course of actions have to be considered. b. For this purpose, each and every alternative will be evaluated by weighing its pros and cons in the light of resources available and requirements of the organization. . The merits, demerits as well as the consequences of each alternative must be examined before the choice is being made. d. After objective and scientific evaluation, the best alternative is chosen. e. The planners should take help of various quantitative techniques to judge the stability of an alternative. 4. Formulation of derivative plans a. Derivative plans are the sub plans or secondary plans which help in the achievement of main plan. b. Secondary plans will flow from the basic plan. These are meant to support and expediate the achievement of basic plans. c. These detail plans include policies, procedures, rules, programmes, budgets, schedules, etc. For example, if profit maximization is the main aim of the enterprise, derivative plans will include sales maximization, production maximization, and cost minimization. d. Derivative plans indicate time schedule and sequence of accomplishing various tasks. 5. Securing Co-operation a. After the plans have been determined, it is necessary rather advisable to take subordinates or those who have to implement these plans into confidence. b. The purposes behind taking them into confidence are :- a. Subordinates may feel motivated since they are involved in decision making process. b. The organization may be able to get valuable suggestions and improvement in formulation as well as implementation of plans. c. Also the employees will be more interested in the execution of these plans. 6. Follow up/Appraisal of plans a. After choosing a particular course of action, it is put into action. b. After the selected plan is implemented, it is important to appraise its effectiveness. c. This is done on the basis of feedback or information received from departments or persons concerned. . This enables the management to correct deviations or modify the plan. e. This step establishes a link between planning and controlling function. f. The follow up must go side by side the implementation of plans so that in the light of observations made, future plans can be made more realistic. Organizing  is the function of management which follows planning. It is a function in which the synchronization and combination of human, physical and financial resources takes place. All the three resources are important to get results. Therefore, organizational function helps in achievement of results which in fact is important for the functioning of a concern. Definition of organizing According toChester Barnard, â€Å"Organizing is a function by which the concern is able to define the role positions, the jobs related and the co- ordination between authority and responsibility. Hence, a manager always has to organize in order to get results. A manager performs organizing function with the help of following steps:- 1. Identification of activities –  All the activities which have to be performed in a concern have to be identified first. For example, preparation of accounts, making sales, record keeping, quality control, inventory control, etc. All these activities have to be grouped and classified into units. 2. Departmentally organizing the activities –  In this step, the manager tries to combine and group similar and related activities into units or departments. This organization of dividing the whole concern into independent units and departments is called departmentation. 3. Classifying the authority –  Once the departments are made, the manager likes to classify the powers and its extent to the managers. This activity of giving a rank in order to the managerial positions is called hierarchy. The top management is into formulation of policies, the middle level management into departmental supervision and lower level management into supervision of foremen. The clarification of authority help in bringing efficiency in the running of a concern. This helps in achieving efficiency in the running of a concern. This helps in avoiding wastage of time, money, effort, in avoidance of duplication or overlapping of efforts and this helps in bringing smoothness in a concern’s working. 4. Co-ordination between authority and responsibility –  Relationships are established among various groups to enable smooth interaction toward the achievment of the organizational goal. Each individual is made aware of his authority and he/she knows whom they have to take orders from and to whom they are accountable and to whom they have to report. A clear organizational structure is drawn and all the employees are made aware of it. DIRECTING  is said to be a process in which the managers instruct, guide and oversee the performance of the workers to achieve predetermined goals. Directing is said to be the heart of management process. Planning, organizing, staffing have got no importance if direction function does not take place. Directing initiates action and it is from here actual work starts. Direction is said to be consisting of human factors. In simple words, it can be described as providing guidance to workers is doing work. In field of management, direction is said to be all those activities which are designed to encourage the subordinates to work effectively and efficiently. Definition of directing According to Human, â€Å"Directing consists of process or technique by which instruction can be issued and operations can be carried out as originally planned† Therefore, Directing is the function of guiding, inspiring, overseeing and instructing people towards accomplishment of organizational goals. Direction has got following characteristics: 1. Pervasive Function –  Directing is required at all levels of organization. Every manager provides guidance and inspiration to his subordinates. 2. Continuous Activity –  Direction is a continuous activity as it continuous throughout the life of organization. . Human Factor –  Directing function is related to subordinates and therefore it is related to human factor. Since human factor is complex and behaviour is unpredictable, direction function becomes important. 4. Creative Activity –  Direction function helps in converting plans into performance. Without this function, people become inactive and physical resources are meaningless. 5. Executive Function –  Direction function is carried out by all managers and executives at all levels throughout the working of an enterprise; a subordinate receives instructions from his superior only. . Delegate Function –  Direction is supposed to be a function dealing with human beings. Human behaviour is unpredictable by nature and conditioning the people’s behaviour towards the goals of the enterprise is what the executive does in this function. Therefore, it is termed as having delicacy in it to tackle human behaviour. Controlling consists of verifying whether everything occurs in conformities with the plans adopted, instructions issued and principles established. Controlling ensures that there is effective and efficient utilization of organizational resources so as to achieve the planned goals. Controlling measures the deviation of actual performance from the standard performance, discovers the causes of such deviations and helps in taking corrective actions Definition of controlling According to Brech, â€Å"Controlling is a systematic exercise which is called as a process of checking actual performance against the standards or plans with a view to ensure adequate progress and also recording such experience as is gained as a contribution to possible future needs. According to Donnell, â€Å"Just as a navigator continually takes reading to ensure whether he is relative to a planned action, so should a business manager continually take reading to assure himself that his enterprise is on right course. † controlling as a management function involves following steps: Process of controlling 1. Establishment of standards-  Standards are t he plans or the targets which have to be achieved in the course of business function. They can also be called as the criterions for judging the performance. Standards generally are classified into two- a. Measurable or tangible – Those standards which can be measured and expressed are called as measurable standards. They can be in form of cost, output, expenditure, time, profit, etc. b. Non-measurable or intangible- There are standards which cannot be measured monetarily. For example- performance of a manager, deviation of workers, their attitudes towards a concern. These are called as intangible standards. Controlling becomes easy through establishment of these standards because controlling is exercised on the basis of these standards. 2. Measurement of performance-  The second major step in controlling is to measure the performance. Finding out deviations becomes easy through measuring the actual performance. Performance levels are sometimes easy to measure and sometimes difficult. Measurement of tangible standards is easy as it can be expressed in units, cost, money terms, etc. Quantitative measurement becomes difficult when performance of manager has to be measured. Performance of a manager cannot be measured in quantities. It can be measured only by- a. Attitude of the workers, b. Their morale to work, c. The development in the attitudes regarding the physical environment, and d. Their communication with the superiors. It is also sometimes done through various reports like weekly, monthly, quarterly, yearly reports. 3. Comparison of actual and standard performance-  Comparison of actual performance with the planned targets is very important. Deviation can be defined as the gap between actual performance and the planned targets. The manager has to find out two things here- extent of deviation and cause of deviation. Extent of deviation means that the manager has to find out whether the deviation is positive or negative or whether the actual performance is in conformity with the planned performance. The managers have to exercise control by exception. He has to find out those deviations which are critical and important for business. Minor deviations have to be ignored. Major deviations like replacement of machinery, appointment of workers, quality of raw material, rate of profits, etc. should be looked upon consciously. Therefore it is said, â€Å" If a manager controls everything, he ends up controlling nothing. † For example, if stationery charges increase by a minor 5 to 10%, it can be called as a minor deviation. On the other hand, if monthly production decreases continuously, it is called as major deviation. Once the deviation is identified, a manager has to think about various cause which has led to deviation. The causes can be- a. Erroneous planning, b. Co-ordination loosens, c. Implementation of plans is defective, and d. Supervision and communication is ineffective, etc. 4. Taking remedial actions-  Once the causes and extent of deviations are known, the manager has to detect those errors and take remedial measures for it. There are two alternatives here- a. Taking corrective measures for deviations which have occurred; and b. After taking the corrective measures, if the actual performance is not in conformity with plans, the manager can revise the targets. It is here the controlling process comes to an end. Follow up is an important step because it is only through taking corrective measures, a manager can exercise controlling. Types of managers: ? Functional manager: The functional manager is responsible for only one functional area. Like ? Production manager, ? Finance manager. ? Marketing manager ? HR manager ? General manager: The individual responsible for all functional activities, such as production, sales etc†¦ MANAGERIAL ROLES A s a manager, you probably fulfill many different roles every day. For instance, as well as leading your team, you might find yourself resolving a conflict, negotiating new contracts, representing your department at a board meeting, or approving a request for a new computer system. Put simply, you're constantly switching roles as tasks, situations, and expectations change. Management expert and professor, Henry Mintzberg, recognized this. He argued that there are ten primary roles or behaviors that can be used to categorize a manager's different functions. In this article we'll examine these roles, and we'll see how you can use your understanding of them to improve your management skills. The Roles Mintzberg published his Ten Management Roles in his book, â€Å"Mintzberg on Management: Inside our Strange World of Organizations,† in 1990. The ten roles are: 1. Figurehead. 2. Leader. 3. Liaison. 4. Monitor. 5. Disseminator. 6. Spokesperson. 7. Entrepreneur. 8. Disturbance Handler. 9. Resource Allocator. 10. Negotiator. [pic] The 10 roles are then divided up into three categories, as follows: Category |Role | |Interpersonal |Figurehead | | |Leader | | |Liaison | |Informational |Monitor | | |Disseminator | | |Spokesperson | |Decisional |Entrepreneur | | |Disturbance Handler | | |Resource Allocator | | |Negotiator | Interpersonal Category The roles in this category involve  providing  information and ideas. 1. Figurehead  Ã¢â‚¬â€œ As a manager, you have social, ceremonial and legal responsibilities. You're expected to be a source of inspiration. People look up to you as a person with authority, and as a figurehead. 2. Leader  Ã¢â‚¬â€œ This is where you provide leadership for your team, your department or perhaps your entire organization; and it's where you manage the performance and responsibilities of everyone in the group. 3. Liaison  Ã¢â‚¬â€œ Managers must communicate with internal and external contacts. You need to be able to network effectively on behalf of your organization. Informational Category The roles in this category involve  processing  information. 1. Monitor  Ã¢â‚¬â€œ In this role, you regularly seek out information related to your organization and industry, looking for relevant changes in the environment. You also monitor your team, in terms of both their productivity, and their well-being. 2. Disseminator  Ã¢â‚¬â€œ This is where you communicate potentially useful information to your colleagues and your team. 3. Spokesperson  Ã¢â‚¬â€œ Managers represent and speak for their organization. In this role you're responsible for transmitting information about your organization and its goals to the people outside it. Decisional Category The roles in this category involve  using  information. 1. Entrepreneur  Ã¢â‚¬â€œ As a manager, you create and control change within the organization. This means solving problems, generating new ideas, and implementing them. 2. Disturbance Handler  Ã¢â‚¬â€œ When an organization or team hits an unexpected roadblock, it's the manager who must take charge. You also need to help mediate disputes within it. 3. Resource Allocator  Ã¢â‚¬â€œ You'll also need to determine where organizational resources are best applied. This involves allocating funding, as well as assigning staff and other organizational resources. 4. Negotiator  Ã¢â‚¬â€œ You may be needed to take part in, and direct, important negotiations within your team, department, or organization. Better understanding of role 1. Figurehead Figureheads represent their teams. If you need to improve or build confidence in this area, start with your image, behavior, and  reputation. Cultivate  humility  and empathy, learn how to  set a good example at work, and think about  how to be a good role model. 2. Leader This is the role you probably spend most of your time fulfilling. To improve here, start by taking our quiz,  how good Are Your Leadership Skills? This will give you a thorough understanding of your current abilities. Next, learn how to be an  authentic leader, so your team will respect you. Also, focus on improving your  emotional intelligence  Ã¢â‚¬â€œ this is an important skill for being an effective leader. 3. Liaison To improve your liaison skills, work on your  professional networking  techniques. You may also like to take our Bite-Sized Training course on  Networking Skills. 4. Monitor To improve here, learn how to  gather information  effectively and  overcome information overload. Also, use effective  reading strategies, so that you can process material quickly and thoroughly, and learn how to  keep up-to-date with industry news. 5. Disseminator To be a good disseminator you need to know how to share information and outside views effectively, which means that good communication skills are vital. Learn how to share organizational information with  Team Briefings. Next, focus on improving your  writing skills. You might also want to take our  communication skills quiz, to find out where else you can improve. 6. Spokesperson To be effective in this role, make sure that you know how to  represent your organization at a conference. You may also want to read our articles on  delivering great presentations  and  working with the media  (if applicable to your role). 7. Entrepreneur To improve here, build on your  change management  skills, and learn  what not to do when implementing change  in your organization. You'll also need to work on yourproblem solving  and  creativity skills, so that you can come up with new ideas, and implement them successfully. 8. Disturbance Handler In this role, you need to excel at  conflict resolution  and know  how to handle team conflict. It's also helpful to be able to  manage emotion in your team. 9. Resource Allocator To improve as a resource allocator, learn how to  manage a budget,  cut costs, andprioritize, so that you can make the best use of your resources. 10. Negotiator Improve your negotiation skills by learning about  Win-Win Negotiation  and Distributive. .

October Sky Summary Essays

October Sky Summary Essays October Sky Summary Paper October Sky Summary Paper The story told In Joe Johnnys film October Sky (1999) Is a beautiful one and a true one. I was really enthusiastic to watch this movie, because I love to watch movies based on true stories. I find they teach us many lesson through their experiences. The four teenage boys Homer Hickman, Question Wilson, Roy Lee Cooke, and Sherman ODell are very devoted to fulfill their dream of rocketry. The boys are first inspired by the Sputnik 1, the first satellite launched into the earths orbit. But everyone in the town of Coaled is destined to become coal-miners, unless they are lucky enough to et a football scholarship. To everyone coal-mining was Homers only future, Just like his father. Homer and his friends fearlessly begin learning how to build rockets and testing them. The whole town is not behind them and believe theyre wasting their time, especially Homers father John Hickman. The only one who strongly supports them is their teacher, Miss. Riley. She tells them that they can contend in The National Science Fair. The prize being college scholarships. By examining their experience you learn a lot about striving to achieve a goal, no matter what the odds. Homer has always rebelled against the coalmine and his fathers wishes. He Is very hopeful for his dream of doing rocket science and wont stop until he reaches it. He cares a lot for his family and the people around him, especially Miss. Riley. When Homers father got injured and couldnt work in the mine temporarily, Homer understood that he had to give up his dream and work in his fathers place. But it is until Miss. Riley grow sick and Homer visits her, then she tells him Sometime you really cant listen to what anybody else says, you Just got to listen inside. His ambition is renewed. Homer leaves the mine and continues to go into The National Science Fair, he get excepted. He ends up winning the gold metal, and he and his friends all earn scholarships. Miss. Riley has always been such a support for Homer. She always stuck out for him in the hopes that he would make a difference. When the boys were in the lunchroom looking at their rocket, the principal didnt allow the rocket in his school. Miss. Riley covered for them saying they were planning to enter The National Science Fair. She brought hope to the boys, even though they didnt seem like the smartest kids around. She never stop at anything even as she was dieing and Homer seemed to have given up his dreams. As for John Hickman he did not support Homer in any of his efforts. In fact he was against him. The only thing that seemed Important to him was his pride, the coalmine, and Coaled. When Homer lets go of his dreams to work in the mine John was very proud and begins to finally prelate but when Homer goes on continuing rocketry he doesnt support him at all. Until his wife, Elsie begs him while the strike Is going on to help Homer when his rocket part were stolen in the science fair. John Bolder Dont you have work to do? John learns that going difficulties and even scaring his pride is important to achieve his goals. After Homer goes home he and the boys decide to shoot their last rocket. Homer asks his father if he would come watch them shoot their last rocket, but he excuses him for his work. Then Homer tells him l only hope I could as good as a man as you are Sure Dry von Braun is a great scientist, but he isnt my hero. John was stunned by that and later ends up watching Homer and the boys shoot their last rocket. For the first time John is completely behind his son. Looking at their experiences and the consequences they had taken, it really reflected to the theme of the movie. They would have never achieved any of their goals if they hadnt tried their hardest even against all the odds. Homer does whatever it takes to achieve his goals, he walked 8 miles off company property to test his rockets when his father banned him. He still had hope even when the boys were charges for starting a forest fire. And even after working in the mine Homer decided hed quit and continue rocketry, knowing his father would be disappointed. Miss Riley is very caring and understanding, and tries to help Homer and the boys in anyway she can. She motivates and believes in them, causing her to strive and do whatever it takes in the hope of achieving something. Even as she was laying in the deathbed. She did everything she could to support these boys. The best representation of this theme is when John Hickman didnt stop at anything to save the people from the mine, even if it meet risking his life. For he saved many lives from this action. All of them made sacrifices and had consequences but they all had good results. This story shows the achievement people made, with no hesitation to strive to make a difference.

buy custom Emily Dickinson’s Interpretation of Death through Her Poetry essay

buy custom Emily Dickinson’s Interpretation of Death through Her Poetry essay Introduction Emily Dickinson uses rhyme, tone, metaphors and imagery to communicate her concepts about the ambiguity of death through her famous poem I Heard a Fly Buzz - When I died- (Cameron 275). People often formulate mixed beliefs, thoughts and conceptions about death depending on the culture of their communities. The topic of this poem portrays the experience of anxiety, fear and uncertainty as to the things to expect after death. At some point in life, every person is interested in acquiring about death and dying after the death of a family member, a friend or a spouse. Death is a part of life that all living things must go through but the notion put on death makes the last moments of life hard for the departing souls including the people left behind. This poem draws the attention of a reader because it is not directed to the people in the poem but the audience reading it. This means that the poem gives the reader a glimpse of the different feelings people experience when they are dying an d how uncertain they are about eternal life. Emily Dickinson uses a fly as a figure to represent dying and death. Flies are always associated with decaying matter but in deeper meaning, it represents the angel of death or the grim-ripper who comes to take the soul of the dying writer. The poem is from the perspective of a death poet and implying that everyone will end up in the same situation at the end of life. Thesis statement: This poem will discuss the deeper meaning of the metaphors and words in Emily Dickinsons poem, the modern concepts of death and the reality of death. Interpretation of the Poem In the poem, Emily Dickinson uses 16 lines which are divided into four stanzas to describe her final moments on the earth. The poet uses past tense in describing what the speaker experienced during the dying process. The death in this poem is painless but the notions placed on death and life after death make the process of dying more dreadful. The first line of the poem introduces the fly and death, both of which play principal role throughout the entire poem. The Stillness in the Room- (line 2) describes the description of the environment where the speaker is dying. The speaker is in a quiet somber setting dying on her deathbed (Cameron 275). In the next two lines, she compares the mood in her room as that of a storm that shakes the environment. The heaves used in the poem suggest that great turmoil will ensue the moment of dying and that more confusion will follow. The stillness in the room shows how the people are watching her during the dying moment is silent. The eyes beside had wrung them dry- (line 5) describes the mood of the people around her. They are exhausted and overwhelmed with grief from witnessing the speaker dies on her deathbed. In line 6, the watchers of the dying speaker are holding their breaths waiting for the moment of death. For that Last Onset, when the King- (line 7) suggests that the speaker and her watchers are preparing for death, which is the end of life (life) and according to Christianity, death signifies a new beginning in eternal life (Onset) (Ed. Stanford 118). The king refers to God, death or Christ who comes to take away the soul of death as indcated in line 8. In the third stanza, the speaker accepts her situation on the reality of death and is ready to die. I willed my Keepsakes, Signed away (line 9) suggests that the speaker cuts all her attachments to her family and friends and draws to the climax of death. As the speaker is waiting for an extravagant entrance of God or Christ, a fly that could suggest Satan or death interrupts her line of thoughts or concepts on death. In-depth meaning could suggest that the fly often associated with death and decay has presented itself to take the soul of the speaker to the underworld where it belongs or it could literally mean that an annoying fly interrupted her thoughts about the dying moment. The last stanza indicates the last moments of the speaker using the fly as a figure of death. With Blue, uncertain stumbling Buzz (line 13) suggests that the speaker is confused, uncertain and insecure about life after death because she confuses the colour of the fly (Ed. Stanford 118). The angel of death tak es center stage of the last moment of dying by coming between life and death. Eyes are always considered the windows of the soul in human life, so when the speaker said that the windows failed, it implies that her eyes closed, shutting the light of the day and life out of her life. Modern Concepts of Death in Relation to the Poem Writers in the 19th century lived in the society where Christianity was the dominant religion. This contributes to the form of writing Emily Dickinson and other famous poets adopted when referring to death (Cameron 275). They all believed in life after death due to their faith in religion. The modern world has evolved and people are divided in terms of religion, race and culture. Christians have maintained their stiff belief in life after death where people are advised to be practice righteousness so that when they are in their deathbeds, Gods angels will take their souls and they will ascend to heaven. The sinners are sent to the underworld where Satan will subject them to eternal suffering. Scientists believe that the death of a person signifies the end of life both in physical and spiritual form. Most scientists and believers of science contribute to the enhancement of the science by donating their organs or the whole body after death. Egyptians and other African cultures believe in reincarnation where the body of death is restored in its usual form because a newborn in the community is believed to have risen form the dead in form of a new and young body of a child. The Indian community believes that cremation will make the dead occupy the seas and oceans after their ashes from the incinerators are spread across water bodies. Reality of Death in Contemporary Society Emily Dickinson interpreted the reality of death in every human being through most of her poems but the famous one is I Heard a Fly Buzz - When I Died as she addresses the audience from beyond the grave about her struggle with death (Cameron 275). The fear of the unknown is what makes death a dreadful experience for people who are dying and those witnessing the ordeal. Cessation of life whether it is painful or painless creates an illusion of heaven and hell. People who are about to die receive prayers from religious elders because they believe that the journey to the afterlife is filled with trials and tribulations. Psychologists on the other hand have enjoyed a prosperous career in therapy and counseling people who are in grief because of the death of a loved one. People attend therapy to deal with impending death of a spouse in cases of terminal illness or fatal casualties in an accident, victims of violent crime or natural disasters. Some people want to know how to handle their own impending death in existence of long-term illnesses. Emily Dickinson shows how death brings grief in the community because people will not see, talk or touch the dead, which is a clear indication of what will happen to each human being alive (Cameron 275). The reality of death is now a common topic in the contemporary society. Causes of death include diseases, crimes, accidents, suicide and natural catastrophes that claim many lives in few hours. It is important for the reader to know what to expect when a member of the family, a friend or a spouse dies. The reaction to the loss of a loved one includes deep sorrow and denial but therapy before and after the loss of a loved one equips a person with self-supporting tools to handle any situation relating to death. Therapists advise their clients to view death as a rite of passage in all living things and to accept the reality of good and bad, happiness and sadness and finally life and death. Therapy on reality of death allows a person to develop a high emotional intelligence that acts as a life-support for all problems both internal and external which cause emotional pain that might lead to depression and suicide (Rogers 59). Accepting the reality of death is living in harmony with the environment, because if human beings were given immortality, the whole universe would be in turmoil in maintaining order and justice, creating living space and fending for food and water. Many people do not understand the concept of death in human life but it is as important as life because for the population to balance in the ecosystem, people must be born and die concurrently. When people accept the reality of death, they continue living even after experiencing great loss and accept that both life and death create uncertainty (Rogers 70). People create wills that will benefit the people who are left behind and it has become a common case where parents and spouses sign wills. This is beca use people have accepted the reality of death and that it can happen at any moment in time, just as the speaker in Emily Dickinsons poem did when she cut all her attachments from the world and allocated her possessions to her watchers. Conclusion Emily Dickinson used poems to interpret her view of death. In the poem I Heard a Fly Buzz When I Died, she shows the audience the mood of the people around her when she was dying, the ideas and thoughts about the uncertainty of death. The poem is relevant to every person in the contemporary society because it shows how life and death are still ambiguous. Death is an unpleasant fact that every person must pass undergo and the only way to embrace nature at its best is to accept that it will claim all human beings at different periods. This poem shows that both life and death are vague and to live happily, people must accept the uncertainty. Buy custom Emily Dickinson’s Interpretation of Death through Her Poetry essay

Australian Prudential Regulation Authority

In parison to other countries or other industries, Australia has knowledgeable main variations to its monetary and economic system in new periods. The  Australian  monetary organization  contains of the preparations cover the appropriate taking money and lending of funds and the transmission of possession of monetary rights in Australia which consists of the derivative business places, insurance, banks, credit unions, debt and equity market. The clear result has been an alteration in the Australian mercial and business organization from a paratively locked, monotonous assembly in the 1950s and 1960s, based mainly on historical bank connection, to a more exposed and modest organization and are offering or giving various types of services or offerings in parison with any other industries. The financial or the monetary system   is being driven by the forces of the fair or the market which is solely dependent on the economy of the market and what the market needs. A procedure ana logous to that understood in Australia has remained experimental and broadly deliberated in the United States underneath the general caption ‘the deterioration in outdate investment and banking. Amid the assortment of inspirations on monetary-sector expansion, three chief services can be tinted. The first can be said as the part of monetary controlling strategy, to an significant gradation, formed the prehensive tendencies in groups’ marketplace shares in fresh periods. There were many development in the system due to progressive technology   and due to this plummeting the price of many knowledge oriented monetary doings and also new products and activities are available. System possessions more than crumpled as a relation to GDP among the 1960s and 1990s, with abundant of that development occurring in the instant post-deregulation retro in the additional half of the 1980s.A major part of the monetary system, and widely examined away, was the recognition prosperous wh ich shadowed monetary deregulation. This singularity, and its munication with economic progresses in the 1980s, underwrote to development of the monetary segment in an amount of methods. Influence within the Australian business sector has conventionally been moderately little, and this remnants the circumstance despite a considerable surge in corporate copying in the late 1980s. The debt to equity ratio is paratively same with pared to other countries like United States, Japan and other countries. Till the 1950s, monetary intermediation was mainly identical with investment and banking. We can also see that, until the 1950s, monetary intermediation was principally identical with banking. Finance business was fundamentally a low-risk proposal showed at controlled values and fees.. The mercial transaction or better known as banking business in  Australia  contains of a number of banks approved   and qualified to carry on investment and banking business under the  Banking Act 1959, distant banks approved to function through a subdivision in Australia. While conversation of the u ing construction of the investment or the banking industry was to a large gradation hypothetical, the Group was interested in explanations that some contributors in the business anticipated a major and a vast charge in the near future. In contradiction of the contextual of these expansions, banks have their mark increasingly on the mushrooming retirement and funds-management subdivision as a possib le long-term counterbalance to these pressions and burdens. We can say as an example approx. $40 billion, or 15 per cent of retirement possessions or properties are presently held as bank safeties or credits with economic establishments, a momentous amount of these organisations’ accountability base. The banks undoubtedly know that there are pensations and advantages to be increased from joining and uniting their connection part with funds-management activities, and have strapped for payment of more through participation in retirement time, and in recent times there has been overall introduction of investments   or funds in over the counter. The  banking sector in  Australia  contains of a number of banks approved   and qualified to carry on investment and banking business under the  Banking Act 1959, distant banks licensed to function through a subdivision in Australia, and Australian-incorporated foreign bank panies. Various organisations like mutual funds, credit unions provide banking facilities. Officially, there is widespread and detailed regulation of Australia's banking system, split mostly between the  Australian Prudential Regulation Authority  (APRA) and  Australian Securities and Investments mission  (ASICAustralia Reserve bank plays a   significant participation. Though, in repetition, Australian banks are autonomous and are regulated by themselves through External Dispute Resolution (EDR) arrangements, the most protuberant is the  Financial Ombudsman Service (Australia)  (FOS). The ASIC is responsible for the integrity and the prosperity of the financial organisations. The fast growt h of banks' national financial statements – which have full-grown at an regular yearly rate of 13  per  cent meanwhile from 1985 – and both the demand and supply factors and introduction are introduced. Currently there are 53 banks which are functioning in Australia, and in those 54, 14 are owned by the country. In totalling to the four major banks, there is a collection of five Australian-owned banks occasionally denoted to as the ‘regionals’, sparkling their innovative emphasis mainly on the retail sector. The Banking system or methods of Australia in the history was one of determined country for legality, not so prosperous, broken and public bitterness. With the flow of past 15 years, each of the four main Australian banks, while obeying with the progressively severe supplies of controlling figures, testified at least one main monetary blooper. A one-off simplification of limitations on foreign bank admission in the mid-1980s, and the additional exp osed policy of entry accepted in the early 1990s, saw the overseas bank attendance increase, in part at the expenditure of the mercantile sectors of bank The   banking organisation has literally struggled to achieve great success overtime. Three main administration investigations into banking were showed in Australia between 1981 and 1996. It gave lawfulness for both the administrations and the banks; for administrations since the very establishment of an investigation established an obligation to answerability and munity concentration questions. Banks are also topic to duties under the  Anti-Money Laundering and Counter-Terrorism Financing Act 2006  as "reporting entities†. Until the 1980s, recognition unions and construction societies produced muscularly, largely because they were subject to rarer guidelines than banks – in 1985, there were 60 building societies and 400 credit unions effective in Australia. Banks confronted slight modest heaviness from other organisations, where rapid development had not started yet, and the organization was not exposed to foreign bank entrance or to offshore munications. Banks went through an extended period of declining market share during the 1960s and 1970s, when equivalent advantages were made by non-bank monetary mediators, particularly construction societies, economics corporations, mercial banks. A huge amount of considerable growth of non-bank monetary organizations (NBFIs) not united to the national investment subdivision. In some of the cases, these organizations were possessed by distant banks that required a monetary attendance in Australia but were prohibited from founding a proper and prescribed mericialprocess by the real suspension on new foreign banking establishments before 1985. A one-off simplification of limitations on foreign bank admission in the mid-1980s, and the additional exposed policy of entry accepted in the early 1990s, s aw the overseas bank attendance increase, in part at the expenditure of the mercantile sectors of bank. Two overseas organisations functioned uninterruptedly as official banks in Australia in the post-war period prior to 1985.17 The nonappearance of a wider overseas banking attendance reproduced the suspension on distant bank entry, deliberated beforehand. The appearance of a ‘distant bank presence’ in Australia in the nonappearance of ‘official foreign banks’ signifies what, with retrospection, seems to give the novel method to the meaning of banks and non-banks inside the Banking Act 1959. The experience of having the overseas or the foreign banks response is quite neutral. The new entries are quite petitive in nature. On the prehensive part, foreign banks sustained their mercial banking’ doings and in that domain were pioneering in merchandise progress and in monetary and derivative markets. At the end it is being noticed that the foreign banks w ere not able to make an influence or impression on the central place of the Australian banks in the merchandising and saleable market, where huge client permissions or branches had been recognized through widespread division systems. Foreign banks were heartened to smear for approval anywhere and in any amount, on condition that they met the entrance necessities, they were allowed to assume either secondary or subdivision constructions (Brian, 2005) Many overseas banks were against this but the rule was not changed and was universal. From 1992 the number of entries of foreign banks increased simultaneously (Henry, 2011) Inclusive, though, the happenings of external banks continued paratively unimportant likened to the long recognized Australian banks. Respective part of lending and borrowing system resources rose to 14 per cent by 1996 as a consequence of fresh entrants but with only slight exclusions, their doings continued profoundly absorbed on extensive or recognized marketplaces (Financial stability review , 2006) Australia is placed as the ninth main as exchange fair in dollars or any overseas country and the sixth principal interest rate futures market in the creation.   Foreign banks as a group were the firmest hit with losses totalling to 30 per cent of their capital in 1990 alone. Among 1986 and 1990, collective foreign bank sufferers engrossed an quantity equal to their original start-up capital. The risks can be faced by the foreign banks by opening branch in Australia can be the credit, liquidity, business risks. "Australia's main banks have been mounting their CRE contacts self-effac ingly  in new year’s, and are thus susceptible to the dangers from developed jobs rates in Brisbane and Perth and payment risks from a potential  residential apartment oversupply in Sydney, Melbourne and Brisbane," says  Maadhavi Ramanayake, a Moody's Associate Analyst. – As seen, the Reserve Bank's threat organisation rule covers financial marketplace, credit, operative and other risks characteristic in resounding out its main banking actions, but not the risks linked with the Bank's core economic, economic solidity and outgoings procedure occupations.  It is debatable whether a foreign bank facing plications would deliver or say all its issues to the Reserve bank   thereby providing an chance for early action by the Reserve Bank. Correspondingly, it would be both difficult and luxurious for the Reserve Bank to display the processes of a foreign bank with an Australian division to measure for itself the risk of that bank being incapable to meet its duties (I rvine, 2007) After all the permutations and binations and seeing all the risks the country would face by the banks set up or vice versa, Brilliant bank   would now apply for the banking license in Australia. It’s not easy to get a banking license. To function as an ADI in Australia, the potential licensee must get a banking license from the Australian Provident Regulatory Authority. It may take a long term or rather many years and, as the governmental group boom notes does not e as a very user friendly process for the new ones. The applicants applying for it will actually need to satisfy the capital requirements that is the minimum capital that is required. To operate as a bank, fort ing interviewees need at least $50 million in Tier 1 Capital or largely mon equity. Candidates suggesting to function as banks must have a smallest of $50 million in Tier 1 capital. Supplementary, on an on-going basis, ADIs must grip controlling capital equivalent to at least eight per cent of total risk bia sed assets; However, the group points out, new ADIs can be subjected to advanced least capital necessities in their influential years and various liquidity issues also needs to be fulfilled with other areas like corporate governance and others. The International Monetary Fund’s Financial System Stability Assessment (FSSA) can undertake another fence to arriving the local banking subdivision. All the stockholders of the applicant or the person making the application must show or rather be well established, financially very sound and they would also prove that the cooperation or the tie up would be a long term arrangement. Where essential, candidates will be predictable to provide APRA with approval to pursue particulars in this respect. Candidates internal control and risk management strategies must be appropriate to satisfy to the obtainment of license. The shareholders should be fit and utmost proper to qualify and they must contribute to the capital if there is any requirem ent in the future. The guidelines which is set by the APRA should be submitted in time otherwise it would lead to disqualification, when an existing applicant who is about to mence its banking operations is not having any resources or contacts, then the individual is expected to build the contact as soon as possible to conduct the operations. ADRA has full authority to ask and want any document at any time. Discussion between the APRA and the individual wanted to conduct banking operations A drag application must be sent properly. APRA will review and go through the application that is made by the applicant. He will therefore discuss with the seniors and other staffs regarding the application It will therefore will take 12-15 months to process, provide there are exceptions which can delay the submission that is some i plete documentation will actually extend days , a corporation may be by default may extend days to resolve some issue or due tony mishap the date can be stretched. APRA inspires all potential candidates to municate it as early as conceivable throughout their development procedure to discuss their determination to smear for an agreement. APRsubsidiary of a non-operating holding corporation (NOHC) that does not have NOHC specialist under the Act. APRA expects all candidates to be able to obey with its sensible necessities, as set out in numerous sensible morals, from the beginning of the dealings in banking (Australian prudential, 2016). Candidates suggesting to function as banks must have a smallest of $50 million in Tier 1 capital. Australia's banking corporation has arose from the GFC in a moderately robust situation. Its standing internationally has been heightened. Proper consumer protection and welfare measures are seen at a broader level and implemented properly. petition with stability are being maintained.   A harmless and unchanging banking system is a serious constituent of the country's financial organization. The administration and the makers of the policy are bringing changes and are very positive for the economy. An important example from previous controlling policy knowledge was that guidelines inclined to break depressed where they positioned false restraints on petition amongst organisations performance fundamentally similar purposes. The banks have an understanding that joining their mon role with money arrangement activities, and have strapped for payment of more straight connection in retirement time, including   presentation a range of over-the-counter speculation products in years yet t o e (Smith, 2016) Brian, G. (2005).The evolving structure of Australian financial system. Retreived 03 Jan 2016   from https://www.rba.gov.au/publications/confs/1996/pdf/edey-gray.pdf Henry, K. (2011).Australian system. Retreived 03 Jan 2016   from https://www.treasury.gov.au/PublicationsAndMedia/Publications/2011/Economic-Roundup-Issue-1/Report/The-Australian-banking-system-challenges-in-the-post-global-financial-crisis-environment Financial Stability review. (2006).Australian system. Retreived 03 Jan 2016   from https://www.rba.gov.au/publications/fsr/2006/mar/struct-aus-fin-sys.html Irvine, H. (2007).Australian bank. Retreived 03 Jan 2016   from https://ro.uow.edu.au/cgi/viewcontent.cgi?article=1347&context mpapers Smith, M. (2016).Australian banking license. Retreived 03 Jan 2016   from https://finsia /news/news-article/2016/12/08/how-to-get-a-banking-license Australian Prudential Regulation Authority. (2016).Australian banking license. Retreived 03 Jan 2016   from https://www.apra.gov.au/adi/Documents/ADI-Guidelines-11-4-081.pdf