Risk Management Plan brings into perspective the significant role that security plays in the livelihoods of people across the globe. It particularly assesses the power of art as a form of investment for a country. The market has a unique design that gives prospective investors in the industry the urge and opportunity to learn more about risks and ways of enhancing investment into the rapidly growing industry. A comprehensive research concerning the expected benefits and probable challenges is critical to the realization of the fortunes of investors in the markets.
Knowledge about the global market for an investor in art industry is fundamental to every investor around the world irrespective of gender, race, language or nationality. A survey of the market shall not only take into account the vicissitudes of the international arts market but also examine market history, buying patterns and the projected trend in the future for many countries worldwide. Risk Management Plan provides more long-term returns as compared to many other investments. In addition, it has an attractive risk as well as return profile. Investors in this rapidly growing industry must consider all the advantages and disadvantages that come along with investment in art markets.
Economic impact or implications on the other hand adopts and implements a broader perspective in relation to the general economy of the host country. This relates to the examination of the possible economic objectives in relation to transformation of the GDP performance, reduction of unemployment rate, and attraction of relevant investment in the context of the host nations across the globe. The organization and execution of the event might be too expensive to generate economic rents thus deterioration of the situation through activities such as transformation of huge events to form ‘white elephants’ projects. These projects might jeopardize the economic growth and development of the host nations after the conclusion of the event through overcrowding the growth and development plan….
The professional playing field of an organization is filled with a diverse community of players. Organizational age discrimination is commonly experienced in the corporate environment. As on a playing field, managers, like coaches, must always be aware of players’ strengths and weaknesses. When opportunities within the organization become available, managers, prepared with sensitivity and wisdom, can guide their team into the best position to accomplish their task assigned and common goal. An effective manager will utilize the diversity of his team players in order to meet the goal of the organization. This may require stepping out of comfort zones in order to meet the criteria of the task at hand. It may require that each player works with someone from another ethnic background, culture, race, age, or gender to reach the common goal. Discrimination can cause an organization to fulminate from within, destroying the common vision. The corporate environment is a recycling bin with new players exiting and entering while creating variable organizational age diversity. …
Describe and critically evaluate the key factors that shape the role and practices of the HR/Personnel function within an organisation with which you are familiar. On the basis of your analysis identify the main HRM challenges currently facing this organisation. Relate your analysis to appropriate literature.
Introduction People are an important and expensive resource to a business. This asset has the capacity to be highly productive and generate revenue for the firm, but it also requires much attention and maintenance. When the direct costs of employment are added to the indirect costs of recruitment and selection, training and development, the organisation’s investment in an average full-time employee can exceed ?00,000 in a short space of time. Therefore one of the fundamental factors is how to attract the right employee and retain their services, gaining efficiency throughout. Before answering the first part of the question “Describe and critically evaluate the key factors that shape the role and practices of the …
SCM (Supply Chain Management) sounds like surefire saving when it comes to procurement of supplies. It offers more than a better way of meeting customer demands and managing low level of inventory or even having no inventory at all. No wonder why companies invest a lot of millions just for this software. However, automatic execution of sales without having the need for warehouse, stocks and paper invoice could be at hand, if and only if, you’re able to withstand the obstacle of getting SCM started and working.
First, you have to show to your business partners (suppliers) that they would also benefit from the whole process. The thing is, SCM requires effort not only within your business but from each part of the chain. So, in order to establish a strong relationship with them, they should see the additional gain they would have in exchange for the additional burden (i.e. more responsibility for your inventory) they would take….
In a prior career, I used to be the director of Systems Engineering for a major telecommunications manufacturer. The role of systems engineering is to provide technical support for sales. The duties include such tasks as technical presentations, gathering customer requirements, designing networks and project managing the testing and implementation of our products. One of the major aspects of the job was coordinating feature sets and timeframes between the customer and our engineering. Large customers are always looking for additional features that can set them apart from their competition. They always leverage the vendor into producing new product enhancements and try to accelerate the delivery. This phenomenon creates a dichotomy and trade-off between quality and costs….
The businesses and companies at this higher level are the ones that buy and collect information from the smaller businesses that we deal with directly to do our business. To better understand the difference between the levels of these businesses, we have included the diagram below to help illustrate these relationships….
There was a time when travelling around the world in 80 days symbolized a great feat in travel and exploration. Today, travelling the world in a day is becoming as common as buying a loaf of bread. As our world become smaller, businesses find that they must adapt to the new world economy and environment. For Multi-national enterprises (MNE)s this poses a challenge to be ahead of the game when it comes to being competitive. More specifically, MNEs must decide how to progress their agendas for the future world of business through their Human Resources Management (HRM) policies, which plays a critical role in a businesses success….
Is money an effective motivator at work? It is said that for a living food , shelter and clothes are needed. This is very true and for getting all this , money is need. At this point of time , money is required as much as oxygen for survival. Money is a great motivator at work. Disregarding the fact that money changes a person’s character , money has become a part of our life. With money mostly all the things can be bought for enjoying life. At work , the money can be good motivator. We should not forget the reality that we all work for getting more and more money. Money can help an employee do the best out of him. For praising an employee , bonus can be given by the employer as a reward. This can be the best reward one can expect. The days are gone , when more money was considered bad. In this 21 st century , money is really needed for a living. At this time all one needs is money. It is needed by parents to feed their children or to feed himself. No matter what somebody does with the money he gets from work , but everybody wants money….
Considering today’s scenario of a fast paced lifestyle, skyrocketing expenses and the constant struggle for a decent survival, money seems to be the only answer and the only driving force. The sole aim of education is to provide a sense of independence to an individual, but independence in the present context is not limited to making one’s own decisions or solving mortal problems- it largely relates to the monetary capacity of a person and the ability to sustain himself and his family with regard to materialistic comforts and needs.
What motivates a person to frantically look for employment, bear the brunt of bosses and stick to a boring job that requires long working hours and exhausting responsibilities? Most often the factor involved is the money! Although some people may have professional or personal interests in a particular job profile, the “M-factor” tops the list of priorities….
Repetitive work for 8 hours a day, day after day can often cause health problems for employees as well as lead to ineffectiveness. In order to reduce the negative impact of monotonous jobs, improve the organization of tasks to streamline efficiency, job design concept was introduced. Job design and work organization is the specification of the contents, method and relationships of jobs to satisfy technological and organizational requirements as well as the personal needs of job holders (Accel Team). Job design is about the ways to organize a set of tasks, or an entire job. Some argue that job design improves workers’ motivation and dedication to work. However, at a closer examination, job design can only contribute to the better efficiency within an organization, eliminate some health problems, but will not impact employee morale and enthusiasm at work.
Rearranging activities can help alleviate fatigue and/or boredom according to Environmental Health and Safety Office (University of Toronto). For example, ergonomically designed workstations will not eliminate all problems for individuals who continuously perform repetitive, monotonous work. Generally, health complaints can be significantly reduced if workers are given a variety of tasks, and some control over their work….