Enhancing Occupational Health and Safety Term Paper - 1

Enhancing Occupational Health and Safety - Term Paper Example Occupational hazard and occupational diseases are the inevitable; they will be there in the present environment of work environment where corrosive chemicals, heat and many other factors are involved. The manufacturing unit is the worst hit where many people are losing their lives due to many accidents. However, it is very much important to reform the health related programs in the recent organizations as the expectations of the employees are changing with the changing working time and working environment. The financial relives are not the only effective factor for the satisfying job, in the recent time the leave structure, flexibility of work time, the health insurance packages and internal medical supports have become the great issues. The new generation of employees has new expectations from the employees and practically it is the responsibility of the employers to take care of the health of the fellow employees as far as they are working in the same company. This particular paper will focus on the recent scenario of the occupational hazards and with respect to that the safety measures will be discussed intensely. The concept of occupational health safety was evolved in the Europe in the early nineteenth century. The rapid reformation of the occupational health reformation was seen in the Europe and eventually the new trends of the safety measures were shifted to America from the Europe (Taylor, Easter & Hegney 2). The changing in the legislation has helped many poor women and children to stay out of the occupational accidents and occupational hazards. However, the occupational disasters and accidents have a great impact over the local publics too. The laws related to the occupational hazards and standard of safety must be strict enough to have great implications over the present work culture. A great organization has different degrees of satisfactions. According to many motivational

Correct Common Student Errors Essay Example | Topics and Well Written Essays - 750 words

Correct Common Student Errors - Essay Example Firstly, Student A appears to have a sound grasp of the concept of long division. The student has meticulously conducted every step in the process correctly except the initial multiplication calculation. The basic multiplication step of 9x8 =72 and 8x9 =72 eludes the student. Both problems in the worksheet involving 9x8 and 8x9 the student responded with an answer of 71. Every other dimension of the division problem was accurate. It is relatively simply to verify that the student is unaware of the fact that 9x8 =72 and 8x9 is 72 and not 71 because it was performed for both problems in the worksheet. A further strategy for verification besides that of observation would be to have a one on one session with the student and ask the student to repeat the 8 or the 9 times tables for you. At the point where the student states an inaccurate response is the best verification. This problem can be corrected by ensuring that the student knows the 8 times and 9 times tables. The teacher may ask the student to observe the 8 times or the 9 times tables on the wall chart. In the 8 times table when the student reaches 8x9, the teacher may ask the student to stop. The teacher may ask, ‘do you observe any differences between the answer on the wall chart and the answer on your worksheet?’ This student seems to be very assiduous, thus an exclamation of joy or disappointment may occur at the same time that the student observes the mistake that was made in multiplying 8x9. This procedure may not have to be repeated for the second problem as the student may immediately realize the mistake if the concept of the associative property of multiplication was previously taught. Student B also has a fairly good grasp of the procedure but this student does not realize that a 0 should be placed in the tens column of the quotient to signify that the answer is 3097 for 12388 Ã · 4 and 1043 r 3 for 5217 Ã · 5. An interesting gap in the procedure is that on the initial

Evaluate three of the four books we've read this term, discussing Essay

Evaluate three of the four books we've read this term, discussing whether you think they were bad or not - Essay Example Obviously, bad books are those that alienate the reader from the story. A bad book does not have the elements-- like realistic or sensible characters or strong plots-- that make the reader crave for more. Second, a good book is entertaining, informative, and interesting all at the same time. Even though it is fiction or a creative piece of writing it should be applicable to real-world circumstances. A bad book, on the other hand, only tries to fulfill one sole purpose, either to entertain, inform, or fascinate. This sort of one-dimensional book eventually becomes bland and unexciting because of the monotony of its purpose. Third, a good book enhances the readers’ knowledge or appreciation of reality. It effectively challenges negative beliefs, like stereotypes, and creates new realizations for the reader. In other words, a good book is an effective eye-opener. Fourth, a good book does not use too many jargons. It is easy to understand. A bad book, on the other hand, is too com plicated. The writing style is unfriendly. And lastly, a good book is revolutionary. It introduces new ways of telling a story, creating characters, developing a plot, and ending a story. One book that is truly revolutionary, that is, it does not try to strictly follow the traditional standards of writing is Miguel de Cervantes’s Don Quixote. ... It does not need great intellect to understand the story. The central story is straightforward. But what is fascinating about this book is that it is not really a simple story, it is in fact very complicated if one will try to analyze it intently. The story has almost a flawless blending of effect. The plot, the symbols, and the characters all play a role in the overall theme. On the surface, the plot is uncomplicated and upholds what has been stated about the story’s subject matter in a smooth, subjective manner. In other words, the novel does not fail to involve its readers emotionally. One perfect example is the real emotions that the love affair between Gatsby and a rich girl creates. A guy falling in love with a rich girl sounds somewhat generic. But as the story progresses, the events become quite complicated, with betrayal and deception coming into the picture. The novel is entertaining and informative at the same time. The narrative structure of the novel is entertaini ng because Nick Carraway, the narrator, recounts the incidents not in the sequence they take place, but in the sequence Fitzgerald desires. It is informative because it raises awareness about the condition of the United States in the 1920s, more particularly, the effects of World War I on the nation (Fitzgerald 72). Lastly, the novel encourages the reader to reflect on the American Dream. Did life in contemporary Western civilization become devoid of any essential meaning? The Great Gatsby shows that the American Dream has become meaningless. As depicted in the novel, there is nothing left but a rough quest for riches and the shallow prestige that riches endow. Some rich people, like the Buchanan family, are discontented, bored, small-minded, and miserable. The

Aristolochic Acid Essay Example | Topics and Well Written Essays - 2750 words

Aristolochic Acid - Essay Example 'Aristolochic acid is a rodent carcinogen found in the Aristolochia and Asarum species, both in the Aristolochiaceae family of plants such as the Aristolochia fangchi' [1]. Botanicals Known or Suspected to Contain Aristolochic Acid [4] Botanical Name* Common or Other Names Aristolochia spp. Aristolochia Guan mu tong Guang mu tong Aristolochia acuminata Lam. Syn. Aristolochia tagala Champ. Oval leaf Dutchman's pipe Aristolochia argentina Griseb. Aristolochia baetica Linn. Syn. Aristolochia bracteolata Lam. Aristolochia bracteata Retz. Ukulwe Aristolochia chilensis Bridges in Lindl. Aristolochia cinnabarina C.Y. Cheng & J.L. Wu Aristolochia clematitis L. Birthwort Aristolochia contorta Bunge Ma dou ling Tian xian teng Aristolochia cymbifera Mart. & Zucc. Mil homens Aristolochia debilis Siebold & Zucc. Syn. Aristolochia longa Thunb. Syn. Aristolochia recurvilabra Hance Syn. Aristolochia sinarum Lindl. Ma dou ling Tian xian teng Qing mu xiang Sei-mokkou (Japanese) Birthwort Long birthwort Aristolochia elegans Mast. Syn. Aristolochia hassleriana Chodat Aristolochia esperanzae Kuntze Aristolochia fangchi Y.C. Wu ex L.D. Chow & S.M. Hwang Guang fang ji Fang ji Mokuboi (Japanese) Kwangbanggi (Korean) Fang chi Kou-boui (Japanese) Aristolochia fimbriata Cham. Aristolochia indica L. Indian birthwort Aristolochia kaempferi Willd. Syn. Aristolochia chrysops (Stapf) E.H. Wilson ex Rehder Syn. Aristolochia feddei H. Lv. Syn. Aristolochia heterophylla Hemsl. Syn. Aristolochia mollis Dunn Syn. Aristolochia setchuenensis Franch. Syn. Aristolochia shimadai Hayata Syn. Aristolochia thibetica Franch. Syn. Isotrema chrysops Stapf Syn. Isotrema heterophylla (Hemsl.) Stapf Syn. Isotrema lasiops Stapf Yellowmouth Dutchman's... Aristolochic acid (AA) is a known genotoxic mutagen and is generally derived from plant extracts and is formed from aristolochic acid I (AAI) and aristolochic acid II (AAII), [20, 22, 17, 25] it is potentially carcinogenic to most rodent species [12, 13, 5, 25] and in humans [6, 15, 25]. The formation of DNA adducts by Aristolochic acid (AA) gives it it's mutagenic and carcinogenic properties, due to the process of reductive metabolic activation where both types of AA's (AA I and AA II) react with the nucleic acids adenine and guanine [18, 19, 25]. Specimen exists at New York Botanical Gardens. Tropicos does not list this species as a synonym for any Thottea species. Kew Gardens Herbarium does not recognize the genera Bragantia. Until additional information is obtained we will use the name as cited in J. Nat. Products 45:657-666 (1982) Using a laboratory-made pressurized liquid extraction (PLE) method set at the dynamic mode, Aristolochic acids I and II can be extracted from medicinal plants. If the intended extracts will be extracted from medicinal plants, spiking (addition of enzymes or other catalytic substances) will not be done, but ultrasonic and Sohxlet extraction will both be done to determine the accuracy of the techniques.

Leisure and Tourism Maqnagement Project Coursework

Leisure and Tourism Maqnagement Project - Coursework Example This has implications for the events industry in general, and for the way the events industry ought to capitalize on social media trends in order to remain relevant. These developments also augur well for the industry, as they represent new opportunities that the industry can exploit in order to thrive moving forward (Neff; Smith and Zook; Kaplan and Heinlein; Agichtein et al.; Gilbert and Karahalios). Gaping holes in the marketing mix can result from events industry participants ignoring recent trends relating to the growing power and influence of social media in the lives and the finances of its customers. An understanding of the intricacies of social media as they are used to supplement or to make up the core of the important promotions and place aspects of the marketing mix can have profound implications for the events industry as a whole (Mangold and Faulds; Asur and Huberman; Xiang and Gretzel; Correa et al; Eyrich et al.; Kietzmann er al.; Thakeray et al.; Bian et al.). How does social media impact the UK events industry? What are the implications of the explosion in social media use on the events industry in the UK, as they pertain specifically to the way the industry markets itself and provides services to its customers? (Neff; Smith and Zook; Kaplan and Heinlein; Agichtein et al.; Gilbert and Karahalios). This paper aims to derive insights from recent research relating to the impacts of social media on the UK events industry in particular, and the intricacies of social media use and how such affects the way the UK industry markets itself and provides services to its customer bases (Neff; Smith and Zook; Kaplan and Heinlein; Agichtein et al.; Gilbert and Karahalios). There is the growing sense that social media is of vital importance in many aspects of businesses that have to do with facing and relating to customers, as evidenced, for instance, in

Teaching Non Native-English Speakers Essay Example for Free

Teaching Non Native-English Speakers Essay

Agency Theory Versus Stewardship Theory Accounting Essay

Agency Theory Versus Stewardship Theory Accounting Essay Jensen and Meckling (1976) defined an agency correlation as a contractual set-up under which the business owner or the principal engaged a manager or the agent to execute some service on his behalf and may usually entail some decision making exclusively by the agent. The agency theory revolves on the basic proposition about humans, which deals with principals and agents as self-oriented focusing on exploiting their personal advantage (Corbetta and Salvato, 2004; Chua, Steier and Chrisman, 2006). Shleifer and Vishny (1986) explain the agency context in which the financiers needed the agents specialization to obtain maximum returns from their funds, meanwhile the managers since they do not have enough capital on their own would utilize the finances of its principal. Agency theory described managers as opportunistic (Wasserman, 2006) by seizing its optimum advantage for his appointment and role as the mover in the firm for its own benefit, at the expense of the principal (Shulze, Lubatk in Dino, 2003). Both parties goal is to gain that personal advantage in every way possible with the least outlay and expenditure. These expenditures are defined as agency costs (Jensen and Meckling, 1976). This is the total of cash outflows made by the principal for its organization be it in budget proportions, auditing, or employee honorariums; the expenses incurred by the agent for income generating projects and the marginal loss due to the decline in the expected income of the principal as caused by the resulted deviation of motives between the agents resolution and the main goal of the principal to obtain maximum returns from its investments. Thus, high conflicting of interests between the principals and agents that resulted from information asymmetry is the main statement in an agency theory (Davis, Schoorman and Donaldson, 1997). Asymmetry of information between the two parties is displayed when the manager align his capabilities with the expected outcome, result and rationality of the princip al (not knowing his own abilities) leads to satisfying decision-making on the part of the principal while this is an example of adverse selection for the agent (Karra, Tracey and Phillips, 2006). More often than not, this leads to a number of non-satisfactory overall performances of the manager which will in due time lead to the destruction of the firm and the reputation of the agent (Jensen, 2004). As well as for the principals, their incapability of selecting candidates that acts appropriately in all circumstances are proofs of adverse selection. The outcome always entails an ambiguous job description on both parties. Nevertheless, there are still some factors that the agency theory fails to point out, other than motivational or self-gratitude. These maybe are the intrinsic inability or low ability, poor knowledge on business and misinformation of agents that resulted in their failure to deliver high performance for their principals (Davis, Schoorman and Donaldson, 1997). Moral hazard as described by Chrisman, Chua and Litz (2004) is another agency problem confronted by the corporate governance. Its another kind of opportunism which includes utilizing, seizing and assuming all extra benefits from a delegated authority to rule in behalf of the principal. Since it is difficult for the principal to monitor agents, this authority is undeniably has a chance of being abused or misused by the managers. This problems solution is to adapt a good monitoring system and internal self-governance by the principal which entails agency cost (Eisenhardt, 1989). As discussed by Berle and Means in 1932, a company does not behave based with the conventional model in which the agents must act in the best interest of the owners of the firm. Most likely as a consequence, the principal then would guarantee that the managers would act in their best interest. The idea of formulating a contract is relied upon by the agency theory to align the motives of both parties concerned. The goal is to balance the intention by allocating maximized values for shareholders and added incentives and benefits for the managers. Committee audits and performance evaluations by the board may act as effective authority tool for monitoring and scrutinizing potentially opportunistic agents (Mustakallio, Autio and Zahra, 2002). This internal governance system as a solution to ensure the compliance of the agents bounded by the contract will simultaneously be given to a non-executive sect who will be composed of auditors, supervisors and other structural arrangements. This non-executive part of the ownership structure serves as the middle man interconnecting the principal and the agent having a role in monitoring, thereby extending an enormous effect in the change or variation in control (Denis, 2001). In relation to corporate governance, legitimate actions against deceits and other modes of fraudulence may provide some fortification on the part of the principal. Economic analysis suggests that incorporating these solutions to the firm may considerably eliminate opportunism. But there are still factors that need to be considered in this special structure of the firm that is created for internal governance of which other forms of opportunism may arose in those entrusted with responsibility to check on the managers of the firm. The study made by Yermack in 1999 suggests that the board particularly its composition as an authority to monitor managers has an effect on the governance mechanism. The study on the effect of small board of directors in a company got the significant result that there is a positive correlation of this small size to greater market valuation of a company. Meanwhile, Hannifa and Hudaib (2006) stands with the result of Yermack showing results based on more than 300 companies listed in Malaysia which proposed that a large board is less efficient in auditing the performance of the managers compared to a smaller one. Moreover, this huge composition of the board is quite expensive for the companies to maintain in terms of honorariums, commissions and compensation. But in terms of profit and company growth, the large board may seem to be of importance because of the diversity in experiences, knowledge and accountability. Nevertheless, the study made by Guest in 2009, showed a strong result on the non-relation of the large board size to the firm performance however they also robustly imply that they dont suggest to restrict large boards to obtain a better firm performance. All these efforts executed by principals to avoid agency problems, minding the fact that there are still managers that wont deliver exactly what theyre expected to, entails agency costs as discussed. Often, the goal of the principal is to minimize agency costs and focus on profit even if not in growth. Here comes the conflict of organizing the principal-agent relationship (Shapiro, 2005) wherein the idea is exemplified but the measures are often inadequate, thus the alignment of the interests of the principal and manager is hardly ever absolute. A control-oriented firm is then considered necessary under agency theory which suggests that agents will not act to take full advantage of the returns to the principal if and only if systematic self-governance mechanisms are implemented in the firm to protect the shareholders interest (Jensen and Meckling, 1976). Stewardship theory In 1993, Block believes that firms implementing stewardship by front-running service instead of self-interest are those that are most effective in corporate governance. He believes that both the firm and individual needs will be greatly achieved by establishing trust-relationships and treating subordinates as partners. Preston (1998) added a definition of Stewardship Theory to exemplify humane duties owed to all partners that recognizes the importance of a systematic fit of corporate governance considering the elements of its environment. Hosmer in 1996 identifies the need to augment the economic and social responsibilities in governance by recognizing the moral and ethical issues inherent in the stewardship theory. The managers role in stewardship theory is to maximize the potential of the firm and to pursue long-term wealth acquisition with organizational and individual desires best accomplished by assessing collective ends (Hosmer, 1996). The goal is on assuming accountability and responsibility for the organizational community. The model of a manager should be as a steward whose behavior is ordered and organizational; whose collectivistic behavior is of higher reverence than individualistic, self-serving conduct (Albanese, et al 1997). They exemplify that man being intelligent makes rational, not irrational decisions, unlike agency proposers who dispute stewardship. Stewardship theory view employees as assets of the firm as the agency did but they differ in their treatment of the human natures motivation and ability of control. A true steward is driven by his need of self-actualization, growth and achievement without being opportunistic and self-interested in his performance (Mejia et al., 2001). Stewardship ideology proposes that corporate governance structures should exercise advanced authority and prudence. (Davis et al, 1997) .The proponents discussed that high-level of authority and discretion is attained when the Chief Executive Officer (CEO) also assume the position of Chairman of the Board. Stewardship principle argues that the issue is whether or not the ownership structure assists and facilitates in the management achievement of high corporate and firm performance. When the CEO is also the chairman of the board, the organization will be facilitative of this objective letting them assume apparent, clear and objective role expectations and authorize and empower higher and greater management. Thus, stewardship theory is not centralized on self-motivation through own financial gain, but the assumption of two roles as the chairman, at the same time as the manager of the corporation will produce superior results and maximized returns to the shareholders than separation of the roles of the chair and CEO as exemplified by the agency theory. Duality of these roles is considered a functional from in stewardship perspective. According to Fama (1980), being an effective steward of their firm, CEOs and managers are also effectively managing their own assets and careers. Stewardship, however, has its own set of limitations and gaps. Since it is trust-based relationships, it assumes underlying informal agreements and not most of the time, the functional logic or prà ©cised obligations (Mejia et al., 2001). Some authors ( Habbershon, 2006; Miller and Miller, 2005) argue that altruism mainly a compliment of stewardship might be influential in establishing an enormous network for the firm in its early stages, as employing a wide network of trustees or of relatives in cases of a family corporation (less concerned on their specifications) minimizing agency costs compared to a non-family member (Mejia et al., 2001).However, in the long run as the firm becomes more established, the need for well adept and professional managers arise to cope up with the competition thereby expect an increase in the agency costs. In essence, the organizations over all environment systems influence the inclination of managers. In an organization which houses the philosophy for self-actualization and involve employee-owners association, managers are inclined towards the stewardship perspective. Furthermore, collectivist behavior and non-power distance cultures encourages stewardship principles (Davis, Schoorman and Donaldson, 1997). Agency Theory vs. Stewardship Theory Agency theory concentrates primarily on the association between the principal and the agents in corporations, having a formal and contractual nature of relationship however with the presumed goal indifference and incongruence of interest (Sharma, 1997). Meanwhile, Stewardship theory is involved mainly in analyzing the importance of the co-existence of trust-based relationships along with agency relations in firms (Corbetta and Salvato, 2004). The stewardship approach, which encompasses commitment and trust to shared goals and desires exhibited by the principal and the manager alike, aligns the interest of the two parties (Albanese, Dacin and Harris, 1997). In 1997 Davis, Shoorman and Donaldson provided two key points that differentiated the Agency and Stewardship theories. These are the motivation and power comparison. In an agency type, the manager is motivated by personal interests and extrinsic rewards. In the stewardship, the manager is motivated by the human need for intellectual growth, achievement, and self-actualization, and by intrinsic rewards. In an agency theory, the power is institutionally directed while in the stewardship, it is based on personal ability and power to run the particular organization. Davis, et al (1997) argue that the two theories are not mutually exclusive but create a link between agency and stewardship relationships. Clearly, the stewardship theory provided a room for the failures and gaps in the agency theory. A manager of a firm may choose what type of inclination he is up to particularly in decision making as long as these three assumptions are supplemented. First the decision must be mutually agreed upon by both the principal and the agent. Secondly, it will always depend on the situation, and third objective is the expectations of the parties involved. Basing on the result of their study of 22 matrices on the possibilities of the actuations of the principal and agent, the agent can either opt to perform in an agency or in a steward fashion, and so can the principal. There can be four possibilities of outcome in the governance using the link between agency and stewardship and depending on the choice of the concerned parties. Two of which are a concrete exa mple of the agency theory where both have selected to uplift their self-interests and a true stewardship principle which maximize organizational performance. Other two possibilities of outcome which will result in one party taking advantage over the other and one recourse to injustice will result to low performance on the other party. When the principal acts as the steward and the manager acts as an agent, and on the other hand when the principal becomes opportunistic and the manager acts as a steward, which could pave the way for the frustration and declined feelings of self-worth to the aggravated party. The study on the relationship of these theories is very broad, thereby some wouldnt agree to the findings of Davis. According to Albanese, Dacin, and Harris (1997) there is a distinction between agency theory and the agency problem of divided self interest. They discussed that stewardship simply refined and advanced agency theory, it does not present an alternative. Eisenhardts (1 989) review shows that agency theory was continually developed and is studied thoroughly with the incongruent self-interests of the principal-agent as the fundamental supposition. Summary The agency model and stewardship model of the firm provide two different angles for understanding the governance of a firm, its decision making, its internal relationships, and its external relationships. This review advocates that the principal or manager acting as a steward, and employing people with similar expectations, is more in line with the traits needed for an organization to succeed like proper motivation, personal and company growth and self-actualization, thus increasing the potential for maximizing the performance of the firm. Moreover, the advantage of the stewardship model over that of the agency is that it presents managers an organized different array of motivations which could potentially include the interests of all relevant firm movers (Preston 1998).