Security Manager Role Essay Example

Security Manager Role Paper Security Manager Role To understand the role(s) of a Security Manager, a person must know what security is and what it means to an organization. According to Ortmeier, â€Å"security may be defined as a public or private service-related activity that provides personnel, equipment, and creates policies and procedures designed to prevent or reduce losses. These losses, caused by criminal action as well as by noncriminal events resulting from human error, emergencies, man-made and natural disasters, and business intelligence collection by competitors†. 2009). Security takes into account all actions and objectives intended to meet asset safeguard goals to make certain that security problems do not occur. Management of security is defined as multifaceted and interdisciplinary. Security for an organization includes the use of criminal and civil law, inspections, sleuthing, profiling, business management, strategy proposals, psychology, sociology, and technology to shield persons and property. A security manager’s role varies, according to the organizational structure. A security manager takes on managerial, administrative, preventative, and investigative responsibilities and functions. The Managerial Role The security personnel’s managerial role, as stated by Ortmeier would entail the selection, training, scheduling, supervising, and the evaluation of security personnel. In addition to the aforesaid, the role of manager includes the responsibilities of productivity and improvements, morale, compensation, the employee’s welfare, attitudes, and expectations (2009). The Administrative Role Security manager’s administrative role encompasses the formation of the security’s organizational vision, mission, goals, and objectives. The security manager decides how the security operation should be set up and who will perform the security-related tasks. These managers also decide if security will be kept in-house or out-sourced or have a combination of the two. The Preventive Role The security manager’s preventive role necessitates the accountability for the prevention of loss from any source. The ultimate goal of the security anager is to distinguish what are or can be problems and to diminish or prevent the risk from occurring. The Investigative Role The security manager is not a public police officer. Security personnel are specially trained in security services not in law enforcement. The security manager’s knowledge in this area includes intelligence gathering capabilities and investigative skills. Information Technology Security Managers Inform ation technology security managers are the keepers of confidential information. We will write a custom essay sample on Security Manager Role specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Security Manager Role specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Security Manager Role specifically for you FOR ONLY $16.38 $13.9/page Hire Writer The Open Guide states that information security refers to confidentiality, integrity, and availability. The mission of IT security managers is to prevent any breach of IT services and data within the organizational requirements at acceptable cost. In todays economy with all of the hacking and stealing of information, the IT department and the security department need each other. The IT department is the protector of information and the security department is the protector of lives and assets. The company’s information is an asset in one form or another, either electronic or written. Hardcopy and electronic information needs to be protected from theft. If electronic information is backed up in any form, it has to be kept safe and secure in a location that can be accessed at a later time, if needed. Security personnel need to know where the information is to be located so that a security plan can be put into place to secure said information. If backups need to be moved, security can be on hand to transfer information, whether it is down the hall or to another location (2011). Airline Security Managers According to Powers, who wrote the job description for an airline security manager says that, the airline security manager’s purpose is to provide the supervision of the airline’s operational security functions and to make certain that the airline is conforming to current and future requirements of the Federal Transportation Security Administration (TSA). The manager must also manage tasks that will guarantee the safety of the public and the security personnel. Duties required on daily include: †¢continual monitoring of the airport’s security status, †¢identifying any potential current or future problems, †¢analyze security and inspection reports to ensure that all TSA compliances are met, †¢notifying TSA of any changes or problems that may require federal assistance, †¢address and correct any issue that does not meet standard security procedures, †¢interview any potentially new employee, †¢hire new employee(s), †¢instruct new employee(s) Airline security managers must be knowledgeable of public safety and security in an airport setting, discern how to use all security equipment and procedures, be familiar with all local, state, and federal airport security requirements and be aware of any new legislation. This manager must also have skills in administrative, monetary planning and analysis, understand how to use computers, software programs and technology, and recognize how to react in a large crisis situation or disaster (2011). Private Security Managers As stated by Writing, a private security manager’s role is to prepare and direct security operation systems and programs while providing safety to an organization or facility. The planning, management, and reporting are the core responsibilities of this position. Duties required on daily include: †¢analyzing statistics and information to ensure a safe and secure work environment †¢identifying weaknesses in building security and acting to resolve them †¢set into place security policies and procedures and implement them †¢revise any existing protocol(s) that may need updated or done away with †¢hire security guard personnel take steps necessary to ensure the building is safe and secure †¢consult with management in making any improvements or executing any security standards that comply with state and federal regulations †¢be familiar with federal and state laws to ensure compliance within any industry †¢develop unique programs to instruct p ersonnel and employees †¢lead, teach, and communicate with employees and security personnel †¢write reports and reviews †¢recommend employees for raises or termination Private security managers have more restricted rights than police officers, depending on the state law, in regard to holding people and carrying weapons. Many security personnel do not carry firearms, but if required, a concealed weapons permit would need to be acquired from that jurisdiction (2011). Public Facility Security Managers As stated by Amico, who describes the duties of a security manager, public facility security managers handle the security in businesses such as nightclubs, museums, office buildings and other public facilities. The security manager’s job is to make sure that the property is safe and secure and that everyone on the grounds has the legal right to be there, such as the nightclubs and persons underage trying to obtain admission. Duties required on daily basis include: †¢protect lives and protect the property of the client †¢maintain order among patrons and deal with unruly patrons †¢know how to handle adverse situations †¢preventing theft or vandalism †¢protecting the building(s) or vehicles †¢be alert to any suspicious activity †¢know how to react to threats or disasters supervise staff †¢hire and train guards †¢know how to use force when needed and how much force to use †¢know when to call in backup from the local police department or paramedics The majority of public facility security managers need to be at least 21 especially to work in a nightclub. Security managers in these areas need to use common sense and good judgment, like the nightclub scene and teenagers trying to pass off fake identification. A good number of security managers have spent time as guards before gaining a promotion into a managerial position (2011). Security Guard Roles According to Ray, security guards are not police officers and do not have the same duties and responsibilities. Security guards are in the prevention business, and it is their job to operate as an impediment to crime, watch for looming danger and report crimes that they may come across. Guards should be alert and visible at all times. Some thefts, damage, and injuries can be prevented when a criminal spots a guard. A guard is required to record events, take down license plate numbers and recall features to report the discoveries to the authorities. Security guards should have access to a phone or radio at all times to report any irregular activity or crime in progress, or to call for backup. A few guards are required to check badges of employees and visitors, or to check the bags of the employees and visitor’s leaving the facility (2011). Conclusion The role of a security manager varies from organization to organization, but in every case the most important task is to be a protector. The security manager of any business has two main goals: to promote a safe and secure environment for employees and visitors and to prevent loss of any kind. A security manager has many hats to wear but needs to assume simultaneously all roles of being a manager, administrator, trainer, referee, preventer/protector and investigator. Security managers need to work with other departments, keeping communication lines open, to promote a safe and secure environment. In an organization that keeps any kind of data, the security manager needs to know where the information is to be stored, so that a security plan can be put into place to secure said documents. All security managers need to be knowledgeable in their city, state, and federal laws that pertain to their workstation and be aware of any new legislative requirements that the company needs to be in compliance with. When problems arise the security manager needs be able to take care of the problem or if the situation calls for it, to call in backup. If a security manager cannot fulfill their role or fails to satisfy his or her job requirement the organization: †¢can be sued and dragged into court, †¢the company name can be slandered, †¢someone can be terribly hurt or killed, or †¢the company can lose assets Should any of the above occur the organization will lose business. In this case, the security managers in a position of being reprimanded and terminated for the lack of promoting a safe and secure premise and preventing loss of assets. References Amico, S. (2011). Security Managers Duties. Retrieved from http://www. ehow. com/print/list_6185215_security-manager_s-duties. html Open Guide. (2011). IT Security Management.. Retrieved from http://www. itlibrary. org/index. php? page=IT_Security_Management Ortmeier, P. J. (2009). Introduction to security operations and management (3rd ed. ). Upper Saddle River, NJ: Pearson Education, Inc. Retrieved from University of Phoenix eBook Collection database. Powers, J. (2011). Airline Security Manager Job Description. Retrieved from http://www. ehow. com/about_6326581_airline-security-manager-job-description. html Ray, L. (2011). Job Duties Responsibilities of a Security Guard. Retrieved from http://www. ehow. com/print/facts_4925183_job-duties-responsibilities-security-guard. html Writing, A. (2011). Responsibilities of a Private Security Manager. Retrieved from http://www. ehow. com/list_6023354_responsibilities-private-security-manager. html Security Manager Role Essay Example Security Manager Role Paper Security Manager Role To understand the role(s) of a Security Manager, a person must know what security is and what it means to an organization. According to Ortmeier, â€Å"security may be defined as a public or private service-related activity that provides personnel, equipment, and creates policies and procedures designed to prevent or reduce losses. These losses, caused by criminal action as well as by noncriminal events resulting from human error, emergencies, man-made and natural disasters, and business intelligence collection by competitors†. 2009). Security takes into account all actions and objectives intended to meet asset safeguard goals to make certain that security problems do not occur. Management of security is defined as multifaceted and interdisciplinary. Security for an organization includes the use of criminal and civil law, inspections, sleuthing, profiling, business management, strategy proposals, psychology, sociology, and technology to shield persons and property. A security manager’s role varies, according to the organizational structure. A security manager takes on managerial, administrative, preventative, and investigative responsibilities and functions. The Managerial Role The security personnel’s managerial role, as stated by Ortmeier would entail the selection, training, scheduling, supervising, and the evaluation of security personnel. In addition to the aforesaid, the role of manager includes the responsibilities of productivity and improvements, morale, compensation, the employee’s welfare, attitudes, and expectations (2009). The Administrative Role Security manager’s administrative role encompasses the formation of the security’s organizational vision, mission, goals, and objectives. The security manager decides how the security operation should be set up and who will perform the security-related tasks. These managers also decide if security will be kept in-house or out-sourced or have a combination of the two. The Preventive Role The security manager’s preventive role necessitates the accountability for the prevention of loss from any source. The ultimate goal of the security anager is to distinguish what are or can be problems and to diminish or prevent the risk from occurring. The Investigative Role The security manager is not a public police officer. Security personnel are specially trained in security services not in law enforcement. The security manager’s knowledge in this area includes intelligence gathering capabilities and investigative skills. Information Technology Security Managers Inform ation technology security managers are the keepers of confidential information. We will write a custom essay sample on Security Manager Role specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Security Manager Role specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Security Manager Role specifically for you FOR ONLY $16.38 $13.9/page Hire Writer The Open Guide states that information security refers to confidentiality, integrity, and availability. The mission of IT security managers is to prevent any breach of IT services and data within the organizational requirements at acceptable cost. In todays economy with all of the hacking and stealing of information, the IT department and the security department need each other. The IT department is the protector of information and the security department is the protector of lives and assets. The company’s information is an asset in one form or another, either electronic or written. Hardcopy and electronic information needs to be protected from theft. If electronic information is backed up in any form, it has to be kept safe and secure in a location that can be accessed at a later time, if needed. Security personnel need to know where the information is to be located so that a security plan can be put into place to secure said information. If backups need to be moved, security can be on hand to transfer information, whether it is down the hall or to another location (2011). Airline Security Managers According to Powers, who wrote the job description for an airline security manager says that, the airline security manager’s purpose is to provide the supervision of the airline’s operational security functions and to make certain that the airline is conforming to current and future requirements of the Federal Transportation Security Administration (TSA). The manager must also manage tasks that will guarantee the safety of the public and the security personnel. Duties required on daily include: †¢continual monitoring of the airport’s security status, †¢identifying any potential current or future problems, †¢analyze security and inspection reports to ensure that all TSA compliances are met, †¢notifying TSA of any changes or problems that may require federal assistance, †¢address and correct any issue that does not meet standard security procedures, †¢interview any potentially new employee, †¢hire new employee(s), †¢instruct new employee(s) Airline security managers must be knowledgeable of public safety and security in an airport setting, discern how to use all security equipment and procedures, be familiar with all local, state, and federal airport security requirements and be aware of any new legislation. This manager must also have skills in administrative, monetary planning and analysis, understand how to use computers, software programs and technology, and recognize how to react in a large crisis situation or disaster (2011). Private Security Managers As stated by Writing, a private security manager’s role is to prepare and direct security operation systems and programs while providing safety to an organization or facility. The planning, management, and reporting are the core responsibilities of this position. Duties required on daily include: †¢analyzing statistics and information to ensure a safe and secure work environment †¢identifying weaknesses in building security and acting to resolve them †¢set into place security policies and procedures and implement them †¢revise any existing protocol(s) that may need updated or done away with †¢hire security guard personnel take steps necessary to ensure the building is safe and secure †¢consult with management in making any improvements or executing any security standards that comply with state and federal regulations †¢be familiar with federal and state laws to ensure compliance within any industry †¢develop unique programs to instruct p ersonnel and employees †¢lead, teach, and communicate with employees and security personnel †¢write reports and reviews †¢recommend employees for raises or termination Private security managers have more restricted rights than police officers, depending on the state law, in regard to holding people and carrying weapons. Many security personnel do not carry firearms, but if required, a concealed weapons permit would need to be acquired from that jurisdiction (2011). Public Facility Security Managers As stated by Amico, who describes the duties of a security manager, public facility security managers handle the security in businesses such as nightclubs, museums, office buildings and other public facilities. The security manager’s job is to make sure that the property is safe and secure and that everyone on the grounds has the legal right to be there, such as the nightclubs and persons underage trying to obtain admission. Duties required on daily basis include: †¢protect lives and protect the property of the client †¢maintain order among patrons and deal with unruly patrons †¢know how to handle adverse situations †¢preventing theft or vandalism †¢protecting the building(s) or vehicles †¢be alert to any suspicious activity †¢know how to react to threats or disasters supervise staff †¢hire and train guards †¢know how to use force when needed and how much force to use †¢know when to call in backup from the local police department or paramedics The majority of public facility security managers need to be at least 21 especially to work in a nightclub. Security managers in these areas need to use common sense and good judgment, like the nightclub scene and teenagers trying to pass off fake identification. A good number of security managers have spent time as guards before gaining a promotion into a managerial position (2011). Security Guard Roles According to Ray, security guards are not police officers and do not have the same duties and responsibilities. Security guards are in the prevention business, and it is their job to operate as an impediment to crime, watch for looming danger and report crimes that they may come across. Guards should be alert and visible at all times. Some thefts, damage, and injuries can be prevented when a criminal spots a guard. A guard is required to record events, take down license plate numbers and recall features to report the discoveries to the authorities. Security guards should have access to a phone or radio at all times to report any irregular activity or crime in progress, or to call for backup. A few guards are required to check badges of employees and visitors, or to check the bags of the employees and visitor’s leaving the facility (2011). Conclusion The role of a security manager varies from organization to organization, but in every case the most important task is to be a protector. The security manager of any business has two main goals: to promote a safe and secure environment for employees and visitors and to prevent loss of any kind. A security manager has many hats to wear but needs to assume simultaneously all roles of being a manager, administrator, trainer, referee, preventer/protector and investigator. Security managers need to work with other departments, keeping communication lines open, to promote a safe and secure environment. In an organization that keeps any kind of data, the security manager needs to know where the information is to be stored, so that a security plan can be put into place to secure said documents. All security managers need to be knowledgeable in their city, state, and federal laws that pertain to their workstation and be aware of any new legislative requirements that the company needs to be in compliance with. When problems arise the security manager needs be able to take care of the problem or if the situation calls for it, to call in backup. If a security manager cannot fulfill their role or fails to satisfy his or her job requirement the organization: †¢can be sued and dragged into court, †¢the company name can be slandered, †¢someone can be terribly hurt or killed, or †¢the company can lose assets Should any of the above occur the organization will lose business. In this case, the security managers in a position of being reprimanded and terminated for the lack of promoting a safe and secure premise and preventing loss of assets. References Amico, S. (2011). Security Managers Duties. Retrieved from http://www. ehow. com/print/list_6185215_security-manager_s-duties. html Open Guide. (2011). IT Security Management.. Retrieved from http://www. itlibrary. org/index. php? page=IT_Security_Management Ortmeier, P. J. (2009). Introduction to security operations and management (3rd ed. ). Upper Saddle River, NJ: Pearson Education, Inc. Retrieved from University of Phoenix eBook Collection database. Powers, J. (2011). Airline Security Manager Job Description. Retrieved from http://www. ehow. com/about_6326581_airline-security-manager-job-description. html Ray, L. (2011). Job Duties Responsibilities of a Security Guard. Retrieved from http://www. ehow. com/print/facts_4925183_job-duties-responsibilities-security-guard. html Writing, A. (2011). Responsibilities of a Private Security Manager. Retrieved from http://www. ehow. com/list_6023354_responsibilities-private-security-manager. html

Banning Books Essays - Fiction, Literature, American Literature

Banning Books Essays - Fiction, Literature, American Literature Banning Books Banning Books Our freedom is under attack! Censorship is clearly an attack on our freedom. There are a number of books that are banned or challenged that are great books, such as The Grapes of Wrath by John Steinbeck or The Adventures of Huckleberry Finn by Mark Twain. These books are classics. Banning these books robs students of great literature. Censorship of books in secondary schools should not be allowed. The list of books that have been banned completely in many schools across the nation is expansive, and so are the reasons that parents and schoolboards give for banning these books. Advocates of literary censorship say that it's best for the students. Opponents say that it is detrimental to the educational system. The students have mixed emotions. Literary censorship at the secondary school level is indeed very widespread. One of the most controversial books is Huckleberry Finn, which is currently under fire by the Pennsylvania Chapter of the NAACP because it contains the word nigger 39 times in the first 35 pages. They feel that the liberal use of such a derogatory word is detrimental to the self-esteem of young African-American children. The NAACP says that they want the book removed from required-reading lists, but they are not out to censor it (Campbell, par. 4). Large groups such as the NAACP are not the only people pushing for Huckleberry Finn's banning in America's schools. Small groups of parents have protested the book's status as required reading in their children's schools because of its language. Huckleberry Finn isn't the only book targeted by parents. Another frequently challenged book is Fahrenheit 451 by Ray Bradbury. This book was handed out at an Irvine, California, middle school in 1992 with profane words such as damn and hell blocked out. Students wrote to Bradbury describing the situation and pointing out the irony that a book about the evils of censorship had to be censored before they could read it. The books were soon replaced with uncensored ones (Campbell, par. 27). The Catcher in the Rye was challenged in several school districts nationwide because of the liberal use of slang and obscene words that author J.D. Sallinger used to make the book more realistic. Harper Lee's To Kill a Mockingbird has been banned in several secondary schools for containing racist slurs. Some readers felt that the book portrayed Negroes as barbarians and criminals. The Merchant of Venice by William Shakespeare was banned in a secondary school in Midland, Michigan, because a small group of parents felt that the character Shylock projected a negative image of Jews. Another Shakespeare classic, Twelfth Night, was banned in Merrimak, NH schools in 1996 after a prohibition of alternative lifestyle instruction act was passed by the school board. Other Shakespearean works have been challenged in various schools in America because parents and administrators felt that some characters project a homosexual image (Banned, par.7). Every person who is involved in debate over literary censorship believes that he or she is doing the right thing for the students. The advocates of literary censorship believe that exposing children to such material as Huckleberry Finn in high school will contaminate their minds with racist garbage at a time in their lives when they are searching for things to believe in. Opponents see the banning of Huckleberry Finn in many schools a form of censorship that will teach children that speaking their minds is not a good thing to do (Campbell, par. 8). However, the debate over literary censorship in schools is not a debate over whether or not literature should be censored at all. Most parents, teachers, and administrators would agree that censorship is necessary to maintain a good environment for learning. The debate is over whether or not to draw the line at Huckleberry Finn. If the book was good twenty years ago, then why all of a sudden is it not good for students to read anymore? Peo ple read the book before and they are doing just fine. If the book can stand the test of time, then it must have some value to it. Even people who consider themselves the most avid opponents of literary censorship in schools would agree that pornography

Discuss and explain the Jewish scope for resistance during the Essay

Discuss and explain the Jewish scope for resistance during the Holocaust - Essay Example Jews in every ghetto, labour camp and death camp established several strategies in order to carry out effective resistance despite having little and less effective weapons. However, with their limited resources, they had courage to obtain food and water under death threat and blocked Germans from exploiting them despite having weak military. The Holocaust came to an end after Allied forces came in Europe to fight against Germans for exploiting innocent Jews. Consequently, German forces could not withhold anymore because western Allied forces had very powerful weapons and military base, thus marking the end of World War II. This paper outlines various approaches undertaken by Jews to resist Nazi rule during the Holocaust. Although there was resistance through armed uprisings, some people in ghettos boycotted Nazi rule as a means of resistance. Jews defied Nazis rule and instead, they acted contrary to the rule as a means of resisting oppressive Germans. Since there were curfew rules that barred Jews from being in the streets from 7pm to 5 am, they would gather in one building to practice all their cultural practices like dancing, singing and having comedy in order to forget the ordeal they were undergoing through. Cultural practices were prohibited by the Nazi rule and whenever one was found practicing any cultural activity, they were killed mercilessly by gunshots. Additionally, Jewish children were denied the right to education by Nazi rule; however, in ghettos, Jews set up informal schools that would educate their children secretly. Furthermore, it was a crime for Jews to observe their rituals like dietary laws and they would be punished severely once found practicing it. In light to these oppressions, many Jews felt that it was time to fight for their liberty since Nazi rule had greatly overlooked their rights. They organized committees that were meant to mobilize people to retaliate against Nazis by boycotting their rules and fighting

Learning Strategies Rely Heavily on Employee Involvement Essay

Learning Strategies Rely Heavily on Employee Involvement - Essay Example The generally practiced HR policies of Equipos included regular training, communication, setting of lucid and consistent objectives, high wages, acknowledgment for accomplishments, team works, flat organization structure, in addition to a learning-oriented organizational culture. These factors motivated the employees to perform and adhere to the management practices, which enabled Equipos to develop into a learning organization. Contribution This study can be beneficial for comprehending how in spite of cultural differences between the parent company and the subsidiary, the organization can efficiently accomplish its business strategies with the help of its employees’ participation by motivating them. Keywords Motivation, Culture, Employee Participation, HR Practices, Management Practices. Table of Contents Abstract 2 Introduction 5 Discussion 6 Conclusion 12 References 13 Introduction The modern day organizations are striving hard to sustain their market position in the preva lent competitive business circumstances and gain a competitive advantage over their peers. In doing so, a large number of business organizations are shifting their orientation towards management approaches that encourage organizational learning. It had been observed that multinational corporations (MNCs) that are focused towards global learning have attained competitiveness and agility to handle the escalating intricacies of the global business environment (Bartlett & Ghoshal, 1989). However, when the MNCs employ learning approaches in their subsidiaries that are located in foreign lands, it is important for these MNCs to comprehend the issues that could impact the execution of various management practices that assist learning. Some of the major issues that could impact the execution of the management practices are difference in culture, and other environmental aspects such as socioeconomic, political, educational, and legal issues (Adler, 1997; Farmer & Richman, 1970; Negandhi & Pr asad, 1971). Hence, while spreading the learning practices to their subsidiaries, it is essential for the management of the MNCs to recognize the extent to which miscellaneous issues together with, but not restricted to the domestic cultural principles, have an effect on the transferability of diverse management practices. Managers should be aware of what issues might aid the accomplishment of learning strategies that initially seem to be contrary and mismatched with the culture of a nation. Gomez (2004:3) had stated that â€Å"Learning strategies rely heavily on employee involvement†. Gomez (2004) had stated so in his article, where he discussed the case of an American MNC and its Mexican subsidiary ‘Equipos’. Equipos had effectively taken up the attributes of a learning organization from its US based parent organization. This is in contrast to the widely perceived notion that the employee participation and other management practices that are related to a learni ng strategy are generally incompatible in the cross-cultural context. The paper essentially accentuates on how the employees were encouraged to involve themselves in the learning organisation atmosphere of Equipos. In the process of discussing the strategies employed by the management of Equipos, the paper also draws on the theories of motivation as well as cross-culture. Discussion It is

Share Holder Value Essay Example for Free

Share Holder Value Essay Public and private companies are under a great deal of pressure to create and sustain shareholder value by increasing both returns on capital and growth rates and company’s stock price or equity value. Share holders would like to associate with a firm whose stock prices are not depressed. Who is a Shareholder? A share holder can be defined as the owner of one or more shares of stock in a corporation, commonly also called a stockholder. The benefits of being a shareholder include receiving dividends for each share as determined by the Board of Directors, the right to vote (except for certain preferred shares) for members of the board of directors, to bring a derivative action (lawsuit) if the corporation is poorly managed, and to participate in the division of value of assets upon dissolution and winding up of the corporation, if there is any value. A shareholder should have his/her name registered with the corporation, but may hold a stock certificate which has been signed over to him/her. Before registration the new shareholder may not be able to cast votes represented by the shares. (Enhancing share holder value, Dr William . e. Broxterman Chairman/CEO Chemquest Group,unc). Shareholder value is a business term, which implies that the ultimate measure of a companys success is to enrich shareholders. It became popular during the 1980s, and is particularly associated with former CEO of General Electric, Jack Welch. ( In March 2009), Welch openly turned his back on the concept, calling shareholder value the dumbest idea in the world. The term used in several ways: To refer to the market capitalization of a company (rarely used) * To refer to the concept that the primary goal for a company is to increase the wealth of its shareholders (owners) by paying dividends and/or causing the stock price to increase * To refer to the more specific concept that planned actions by management and the returns to shareholders should outperform certain bench-marks such as the cost of capital concept. In essence, the idea that shareholders’ money should be used to earn higher returns than they could earn themselves by investing in other assets having the same amount of risk. The term in this sense was introduced by Dr Alfred Rappaport in 1986. ) In (1981, Jack Welch made a speech in Hotel Pierre, New York City called) ‘Growing fast in a slow-growth economy’ (8. 12. 1981) this is often acknowledged as the dawn of the obsession with shareholder value. Welchs stated aim was to be the biggest or second biggest market player, and to return maximum value to stockholders. Strategic planning In today’s fast-changing, often business environment, formal systems for strategic planning have become one of top management’s principal tools for evaluating and coping with uncertainty. One of the key roles of Board of directors is to approve and adopt the strategic and annual business plans, the setting of objectives and review of key risk and performance areas. Corporate board members are also showing increasing interest in ensuring that the company has adequate strategies and that these are tested against actual results. While the organizational dynamics and the sophistication of the strategic planning process vary widely among companies, the process almost invariably culminates in projected (commonly five-year) financial statements. This enables top managers and the board to review and approve strategic plans in the same terms that the company reports its performance to shareholders and the financial community. Under current practice the projected financial statements, particularly projected earnings per share performance, commonly serve as the basis for judging the attractiveness of the strategic or long-term corporate plan. The conventional accounting-oriented approach for evaluating the strategic plan does not, however, provide reliable answers to such basic questions as: †¢ Will the corporate plan create value for shareholders? If so, how much? †¢ Which business units are creating value and which are not? †¢ How would alternative strategic plans affect shareholder value? Managing shareholder value This management principle, also known under value based management, states that management should first and foremost consider the interests of shareholders in its business decisions. As shareholder value is difficult to influence directly by any manager, it is usually broken down in components, so called value drivers. A widely used model comprises 7 drivers of shareholder value, giving some guidance to manage. These drivers are, * Revenue, the amount of money that is brought into a company by its business activities. In the case of government, revenue is the money received from taxation, fees, fines, inter-governmental grants or transfers, securities sales, mineral rights and resource rights, as well as any sales that are made. * Operating Margin, the ratio used to measure a companys pricing strategy and operating efficiency, if a companys margin is increasing, it is earning more per dollar of sales. The higher the margin, the better. Can be calculated as: Operating margin=Operating Income/Net Sales. * Cash Tax Rate, the cash a company pays to governments as a percentage, while looking at an unlevered company. * Incremental Capital Expenditure, additional cash invested by a firm in its long term assets in order to generate a dollar of new sales. * Investment in Working Capital, a measure of both a companys efficiency and its short-term financial health. The working capital ratio is calculated as, working apital=current assets-current liabilities * Cost of Capital, equity and debt capital and the related discount rate. * Competitive Advantage Period, advantage over competitors by offering consumers better value either through greater benefits or lower prices. Share holder value, and the Economic value concept The value that a shareholder is able to obtain from his/her investment in a company ,is made up of capital gains, dividend payments, and proceeds from buy back programs and any other payouts that a firm might make to a shareholder. In other words share holder returns exceed the required return to equity, and the company is deemed to have exceeded the required expectation. Share holder value in recent years is being measured using the Economic Value Added Concept (EVA), a measure of a companys financial performance based on the residual wealth calculated by deducting cost of capital from its operating profit (adjusted for taxes on a cash basis). Share holder value, and the WACC concept Investors use WACC as a tool to decide whether to invest. The WACC represents the minimum rate of return at which a company produces value for its investors. Lets say a company produces a return of 20% and has a WACC of 11%. That means that for every dollar the company invests into capital, the company is creating nine cents of value. By contrast, if the companys return is less than WACC, the company is shedding value, which indicates that investors should put their money elsewhere. It measures a trend of improving or declining share holder value and it helps managers to focus on projects, businesses, product lines and activities yielding more than a firms weighted average cost of capital WACC (The return that both debt holders and equity holders expect, WACC, in other words, represents the investors opportunity cost of taking on the risk of putting money into a company. Investors use WACC as a tool to decide whether to invest. The WACC represents the minimum rate of return at which a company produces value for its investors. Lets say a company produces a return of 20% and has a WACC of 11%. That means that for every dollar the company invests into capital, the company is creating nine cents of value. Current value of a business is fairly expressed by the share price, there fore increasing EVA should move prices upwards. This means an earning return greater than its cost of capital. Value creation for shareholders through strategic acquisition Acquisitions have known to create value for share holders, however this has to be done strategically, for example in the study of industry acquisitions in 1998(1999 The Chemquest Group. Inc) describing the adhesives industry, such acquisitions have integrated a number of companies in to a single unit with a positive EVA have added significant value and enhanced shareholder value of the company. In order for an acquisition to create share holder value it must generate a positive NPV. In other words it behaves the same as a capital investment. By carrying assets that maximize long term value of the firm for example outsourcing activities such as manufacturing. Dell investments are involved extensively in marketing but out sources distribution, inventory and manufacturing. Also hiring of employees should be strategic. Share holder value and capital structure design Share holders wealth can be improved with increasing leverage by using more debt in place of equity and or dealing judiciously with debt and equity, designing a capital structure that will reduce WACC and increase the value of the firm. This is based on the fact that the composite cost of debt lies between the least expensive debt and the more expensive equity. This approach enables the maximization of corporate profits and shareholders equity. By keeping an eye on the capital market for the firm, the Financial Manager should keep an eye on capital markets for the firm, substituting methods for more effective ones which can improve the firms value and so the shareholder value. Areas such as interest on loans and normal dividend rates as dictated by the market should be examined for decisions. Share holder value and expansion and diversification A company can increase shareholders wealth by diversifying for example addition of a new product line. When BOC gases wanted to expand its business there was consideration by the board for an acquisition of a business in a similar industry, Carbacid. Although this did not succeed, the focus to grow through this product is still on and there is a plan to buy a carbon dioxide mining well. Nakumat seeks sh 1 billion for expansion and is talking with commercial banks for a syndicated loan. The loan is a long term five year loan to be used for stocking new branches recently opened in Rwanda Kigali( Business Daily pg 23). Share holder value and replacement and modernization Finlay Kenya in kericho the tea producing company has replaced a large number of manual labor, with machinery for plucking tea leaves; in a bid to modernize the labor market, to improve on productivity and to reduce labor costs and there fore shareholder value. Boc gases is evaluating an investment for an additional air separation in order to improve performance of machinery (Annual Report 2007). As a firm continues to grow, it may consider improving its retail centers, availing information to customers , displaying sales ware while encouraging caller customers to come and buy the goods in the retail shop. Investors Africa transformation fund, are trying out new methods to tap Africa Agriculture aimed at double digit returns with programmes to boost food production. ( Top News Business Daily pg 3 Dec 6 2010). Share holder value and investment decision rule Through sound capital budgeting techniques, a firm may come up with appraisal techniques to measure economic worth of an investment project for example, coming up with an unambiguous way of separating good projects from bad projects, ranking projects according to profitability, and choosing amongst a number of projects, the project that maximizes wealth. Investment decision can be divided into long-term and short-term decisions and techniques. Capital investment decisions are long-term choices about which projects receive investment, whether to finance that investment with equity or debt, and when or whether to pay dividends to shareholders. On the other hand, short term decisions deal with the short-term balance of current asses and current liabilities; the focus here is on managing cash, inventories, and short-term borrowing and lending (such as the terms on credit extended to customers), for example treasury has signed up for a new World Bank fronted bonds trading plan, which should help the central bank in diversifying its forex reserve mix and cushion the shilling against wild swings(professor Njuguna Central Bank of Kenya Governor, Business Daily Dec 6). Share holder value and discounted/non discounted cash flow methods By recognizing that bigger and early cash flows are preferred, the shareholders value can be improved. Using discounted cash flow methods such as NPV and PI. When NPV is +ve, the project should be accepted and when it is –ve it should be rejected. In the decision rule for profitability where PI is less than 1, then the project should be rejected while where PI is greater than 1 then the project should be accepted. In the non-discounted cash flow method, projects with higher ARR are preferable. In order to make the right investment decision, it is important that the project is thoroughly analyzed using available tools, remembering that the resources are minimal and can not be wasted. Increasing or liquidating part of shareholding This can be achieved by shareholders taking up shares and so increasing their investment in the business, or selling their rights and liquidate part of their investment. In theory, share splits have a positive effect on the shareholders wealth because they encourage beneficial price movements. This should be in line with the dividend policy. Cash cycle and cash management Firms should ensure that there is a match between accounts payable and accounts receivables and that payment to creditors is delayed while receivables are collected earlier. These may seem like daily chores but can cost the shareholder dearly if poorly managed. Many firms have closed down because of not managing accounts receivables appropriately. Summary In summary Strategies selected in creating share holder values should be strategic in the real sense. Strategies selected will usually cover three to five years and will incorporate the big picture. Strategies of substance that have been tested will ensure that the right programs for growth of the firms share value are selected and implemented.

Outlaw Recombinant Bovine Growth Hormone Now Essay example -- Argument

Outlaw Recombinant Bovine Growth Hormone Now    For a moment, put yourself in John Elway's shoes. Imagine getting paid thousands of dollars to do a milk promotion. Now, would you still do the promotion if you knew the milk had come from a cow injected with hormones? The use of rBGH, Recombinant Bovine Growth Hormone, has become a concern in the dairy industry. The controversy is over whether or not the hormone is harmful to the cows and people. In animals and humans, there is a growth hormone produced. This protein hormone, produced in the pituitary gland, is fundamental for normal growth, development, and health maintenance. It was discovered sixty years ago that by injecting cows with GH, the growth hormone extracted from cattles' pituitary glands, milk production was increased. Using recombinant DNA processes, it became technically possible and economically feasible to produce an abundance of rBGH, which is essentially the same as pituitary derived bGH (Rachel. "Report..."). On November 5, 1993, the United States Food and Drug Administration, FDA, announced rBGH safe for use in milk cows. In February 1994, Monsanto, a chemical company, began selling its version of the drug to dairy farmers. Their form of the drug was to increase milk production by 5% to 20% (Rachel. "Hormones..."). The Consumers Union, an independent, nonprofit testing and information organization serving only consumers, made claims and presented evidence that byproducts of the hormone treatment are weighable in milk and are not safe for humans or the cow ("About..."). Today, the Consumers Union wants genetically engineered milk to be labeled so that milk consumers are able to make an informed choice about the milk they are purchasing (Rachel. "Ho... ...tp://www.enviroweb.org/issues/biotech/bgh/nogood.html, December 12, 2000. "Monsanto." Monsanto.com. [online], Available: http://www.monsanto.com/, December 13, 2000. Rachel. "Hormones in Milk: No Right to Know". RACHEL'S Hazardous Waste News #381. [online], Available: http://rachel.enviroweb.org/rhwn381.htm, March 17, 1994. Rachel. "Trouble with Milk." Milk. [online] Available: http://www.gn.apc.org/inquirer/milk.html, February 29, 1996. "Report on the Food and Drug Administration's Review of the Safety of Recombinant Bovine Somatotropin." Report on the Food and Drug Administration's Review of the Safety of Recombinant BGH. [online], Available: http://www.biotechknowledge.com/showlib_us.php3?1308, January 21, 1999. "We're Starting a Food Fight!" Ben & Jerry's rBGH. [online], Available: http://www.benjerry.com/bgh/index.html#what, January 7, 1997.

Halfway House Essay

The crisis of identity and breakdown of communication in human relations and resultant tragic effect of boredom and despair constitute the theme of Rakesh’s play, Aadhe Adhure, which is by far is best play, devastatingly exposing the fragmented personalities and broken images in a disintegrated society. †Ã‚  Ã¢â‚¬â€ N. Choudhuri, (Hindi Drama, Contemporary Indian Literature) Mohan Rakesh’s  Ã¢â‚¬Å"Halfway House†Ã‚  can be viewed as an exploration of meaning and identity in the turmoil of changing social and familial structures. Although the play seeks to construct the search for identity within the unfulfilling, incomplete nature of bourgeois existence as a universal non-gendered experience along Existential lines as its primary concern, it eventually deals with many questions on a broader socio-economic context on Realist lines. In the Prologue itself, the theme of exploration of identity is introduced, when ‘the Man in a Black Suit’ exclaims,  Ã¢â‚¬Å"Who am I? †Ã‚  Immediately the declaration takes an Existential tangent as the fruitlessness of such a search for meaning is asserted with the speaker claiming,  Ã¢â‚¬Å"This is a question I have given up trying to face.   He establishes the absurdity of identity by calling himself  Ã¢â‚¬Å"amorphous†Ã‚  and  Ã¢â‚¬Å"undefined†, as someone who like all of us puts on a new mask and gives a new meaning to himself for different occasions –  Ã¢â‚¬Å"The fact is that there is something of me in each one of you and that is why, whether on or off stage, I have no separate identity. †He then asserts that no matter what the circumstance, what the situation and the gender, man’s search for identity and meaning in life would always remain an absurd, indescribable, undefined and irrational oddity. Even the characters of the play are seen to engage in a constant search of meaning and identity in life. In his essay,  Ã¢â‚¬Å"Uncertain circumstances, Undefined Individuals: A study of Halfway House†, S. G. Bhanegaonkar points out that modern psychology does not regard escapism as a symbol of weakness but as a sensitive individual’s desire to search for meaning which he does not find in the conditions he is placed in; and hence, the characters of ‘Halfway House’  can too be seen as being in a relentless quest for identity that transcends the turmoil of their fragmented existence. It is in sync with R. L. Nigam’s theory, of the main characters of play being involved in a  Ã¢â‚¬Ëœself-made’  phenomenon of  Ã¢â‚¬Ëœthe soul’s search for an alternate sanctuary’  in the absence of the sanctuary of home which‘stood for a source of solace and moral stay to the individual in moments of crises. ’ The search for identity and meaning in Halfway House is best articulated through the character of Savitri who seeks fulfilment and reason in marital bliss – â€Å"Why does one get married? In order to fulfil a need†¦. an inner†¦. oid, if you like; to be self sufficient†¦. complete. †Ã‚  Since her own husbands fails to fulfil this inner emptiness, Savitri seeks marital happiness beyond conjugal relations in men who possess the qualities she had always aspired for in Mahendranath. Dilip Kumar Basu observes,â€Å"The desire to look for â€Å"completeness† in the â€Å"other† may look like Everyman’s essential and unreasolvable problem, and may vaguely place her in the centre of an Absurdist drama where the search may be considered tragic/ridiculous.   Although the concept of Savitri seeking meaning in life being defined in terms of her relations with men seems problematic in itself, the play tries to trick us into the generalisation that this is nothing but an existentialist quest for meaning in life. She is reported to be overwhelmed by Juneja’s power, affluence and sense of reason. Shivjeet’s intellectual prowess, his university degree and numerous trips abroad enamoured her. Jagmohan’s understanding nature, sense of humour, modernism, elite lifestyle and masculine pride held immense appeal for her. She was supposed to be attracted to her now son-in-law, Manoj too, as his influential status had charmed her sufficiently. Savitri moves from one man to another in search of the perfect partner. The play tries to portray this search as an illusion, an Absurdist attempt by denying Savitri the happiness she is looking for and making her realise that all men are the same and they all of them as in Kirti Jain’s wordsâ€Å"want to evade responsibility and to exploit her. † Mahendranath is shown to search for a new identity and reason behind his existence through his relationship with Juneja. The economic crisis and his losing the identity of being the bread-earner of the family had altered his position in the house into a non-entity and affected his mind and heart adversely  Ã¢â‚¬Å"†¦Ã¢â‚¬ ¦. silent acceptance, perpetual snubs, constant insults, is all that I deserve after so many years. †Ã‚  He greatly resents his loss of control and influence in the family and is immensely unhappy to be regarded  Ã¢â‚¬Å"only as a stamp of respectability to be used only when the need arises. † Under such circumstances of changed power equations, Mahendranath earches for meaning in new relations build on a sense of understanding and mutual respect, as is the case with Juneja. From Savitri’s perpetual insults and accusations and its subsequent repercussions in giving him an inferiority complex, Juneja’s friendship offered Mahendranath the alternate sanctuary of solace and comfort in the midst of an emotional and economic crisis within the family. He began to define himself in terms of his non-utility and unsuccessfulness, and thereby sought solace in temporary acts of rebellion involving leaving the house and seeking meaning and mental peace in his companionship with Juneja. Moreover due to his own lack of conviction and inability to take independent decisions, Mahendranath looked for identity assertion through psychological dependence on others and in the early years of his marriage through a patriarchal control and restriction of Savitri’s autonomy. The fact that Mahendranath finally returns in the end using his own judgement, abandoning Juneja’s advice, establishes the futility of his search and once again, reiterates the Absurdist stance the play tries to partially incorporate. Ashok and Kinni explore the dynamics of identity on their own in their own world so as to escape from the fearful existence of their wrangling parents. Ashok searches for his identity in an amorphous world, detached from reality and need, in the realm of idleness, impulsivity and romance. For no apparent reason at all, he quits his job at Air Freeze and instead spends his time either in lazing around uselessly or in courting a girl working in the Udyog Centre. The everyday animosity between his parents distorts his sense of ‘home’ and thereby he looks for meaning and identity in an alternate world free of the pressure of shouldering family responsibility and of the tensions within the family. Even the talk he has with Binni about the  Ã¢â‚¬Ëœair’  in the house echoes these sentiments about the search for meaning. The youngest character Kinni on the other hand, searches for an identity through her emerging adolescent sexuality and awareness of this sexuality, in the absence of a secure support mechanism at home, both economically and emotionally. Given the emotional instability in her house and the complete negligence with which she was treated, Kinni sought to define herself in terms of her rebelliousness, growing sexual knowledge, stubbornness, ill-mannerisms and arrogance. In the last scene, Kinni trying to get out when the door is locked from inside and others trying to get in when she locks it from inside is again symbolic of a futile quest for identity and meaning in life, for even her defiance and obstinacy fails to make things any different for the little girl. Binny too is shown to be in a relentless and shifting quest for a sanctuary, an identity. She elopes with Manoj not in an impulse of love and romantic urge but in search of an abode away from home where she presumed she would find peace and protection. But however, when she experiences her husband’s strict conservatism and fails to find any meaning   in Manoj’s restrictive control within their conjugal relation, she looks for answers in a sense of defiance –  Ã¢â‚¬Å"He likes my hair long, so I want to cut it. He doesn’t like me to work, so I want a job. †Ã‚  But this again proves futile as she realises she is unable to execute her rebellious tendencies against the sub-ordination by her husband. Ultimately, she just returns to her maternal home in search for that mysteriousâ€Å"something†Ã‚  in their house that is the  Ã¢â‚¬Å"cause of all her trouble†Ã‚  and that which refuses to desert her. However, Binni is never shown to exactly unravel this mystery  Ã¢â‚¬Ëœcause’  thereby manifesting the absurdity of the entire process of finding meaning in life. However, when their search for meaning in life and the subsequent despair and suffering is regarded only along existential lines, it thus forecloses the possibility of ever addressing the cause of the dilemma. All the characters’ quest for an identity beyond the home, the search for an alternate sanctuary besides being analysed as a technique of Absurdist Theatre can also be seen in terms of the alienation that comes with urbanization, the breakdown of joint family and the new emerging power-plays and conflicts within the nuclear family with no viable support system outside. The fact that Savitri never explores the arena of identity as an independent individual woman, a single working woman; but instead always defines herself in terms of fulfilment in her various relations with different men raises important questions about the status of women as an autonomous individual in society. To quote R. L. Nigam,  Ã¢â‚¬Å"The one solution which could have lead to joy and fulfilment, and was available to her all the time, would need for its success, a regenerated society in whose value-system personal fulfilment and interpersonal responsibilities have been harmonised. In the present social scenario, that solution would not work. † Morever, Mahendranath and Savitri not finding meaning in their relationship can also be seen as the virtual breakdown of marriage as an institution. In our fast-changing society and in the face of belated individualism of its members, the values and regards on which family and marriage have so far rested are fast losing their meaning and significance. Assertion of personal rights and freedoms within a group-unit (family) which necessarily involves inter-personal adjustments produces a situation of crisis because there are no principles to guide these adjustments, which necessarily involves inter-personal adjustments produces a situation of crisis because there are no principles to guide these adjustments which, in present context cannot be thought of in terms of surrender of one or the other party. All relations in the family need to be redefined with new structures of familial division of labour and the rise of the working women. As O. P. Sharma Prakash puts it,  Ã¢â‚¬Å"Halfway House is the crisis of dignity of the individual. Modern man demands individual dignity as well as honour of is choice†¦.. It represents the modern sensibility in all its intensity, form and dimensions. †Ã‚  The fact that Manoj blames  Ã¢â‚¬Ëœsomething’  in Binni’s maternal house as the cause of all trouble and then prevents her from working establishes that the‘something’  is in reference to her mother’s promiscuity which leads him to infer that letting women out of the house would always come with the threat of her infidelity. Moreover, Mohan Rakesh’s juxtaposition of a monogamous husband with a woman whose defining feature is her promiscuity ironically at a time when the  Ã¢â‚¬ËœHindu Marriage Act (1955)’came into force outlawing polygamy to protect the rights of Hindu women reflects the extent of male anxiety generated by women’s emancipation, whose right to work meant the dissolution of the public-private dichotomy necessary for the maintenance of the family as a private sphere. This anxiety is further elaborated in terms of portraying Kinni as an uncared neglected kid, who returns to a home without the mother and feels lonely and alienated. Mahendranath’s despair too needs to be identified not just in terms of the emotional crisis that he faces with the breakdown of familial relations and absence of mutual respect, but also the economic crisis which ultimately appears as the root of all problems. Mahendranath loses his position in family, when the roles of provider and receiver are changed, when economic equations of earner and acceptor are altered and redefined in terms of sex and gender. Their current poverty seems to be the result of typical-middle class lifestyle of living beyond one’s means, and the search or identities only arises when existing identities run into conflict with changing economic denominations of labour division within the family itself. Thus, Mahendranath’s yearning for meaning in life has new economic arrangements within the familial space and sheer inability to solve the economic crisis, triggering it. Even Ashok’s arrogance and refusal to submit to influential people, Dilip Kumar Basu feels can be analysed in the backdrop of  Ã¢â‚¬Å"1969 youth revolts in Paris, and things happening in our country.   The young man’s indifference to work is thus to be constructed as a larger question of youth rebellion and mobilisation, than just mere laziness and irresponsibility or a mere existentialist search for identity. Hence, in conclusion, it can be said that although Mohan Rakesh’sâ€Å"Halfway House†Ã‚  deals extensively with the question of identity and meaning in life, to situate it solely in an Existentialist dimension and accord it the distinction of being the primary concern of the play, would unfairly downplay many other socio-economic themes that the play encompasses.