Credit Cards - Good Idea - Free Essay Example

Sample details Pages: 2 Words: 454 Downloads: 3 Date added: 2017/09/25 Category Business Essay Type Argumentative essay Did you like this example? The problem with the credit card industry isnt just credit card companies it’s the people that use credit cards too. A lot of people apply for credit cards because they see the balance of money that they can receive. A credit card can be an asset to your lifestyle, but if the credit card is not handled and used carefully it can become a liability, especially if you find it so convenient and easy to use that you lose control of your spending. There are many reasons why Americans should not have and use credit cards, some of the disadvantages of having credit cards is credit cards cost much more than other forms of credit, such as a line of credit or a personal loan, if you dont pay your credit card bills on time then you will be charged with extra additional fees. Credit cards can severally damage your credit rating if your payments are late. Credit card companies allow you to build up more debt than you can handle. A lot of people in The United States of America have been swindled by giving their credit card numbers to dishonest salespeople over the phone and on the computer. It also becomes a loan when the credit becomes due and you do not pay for it. A lot of American citizens often have more than one credit card and each credit card has a credit limit. When the credit limits for all cards are added up, the total can be in the thousands of dollars. Credit card consumers can fall into the habit of using credit cards to extend their income. Credit cards are easier to use than applying for loans even when a loan from a credit union, bank or other financial institution may provide the funds at a lower interest rate. Credit card companies make money by charging you a high interest rate on the money that they loan to you. It may be 10%,15%, or 25%. If you are late paying money back these companies will hit you hard. However they are not in the business of causing people to go bankrupt or making people get a second job but it does kinda se em that way to a lot of Americans. Going through problems with credit card debt and not talking to your creditors is like going through a tough time with a girlfriend/boyfriend and not talking to them about it. Nothing will get better before you take the initiative to set the problem straight. No matter your debt or income you can get back on your feet if you are dedicated enough but it is best to never put yourself in that position of applying for a credit card. Don’t waste time! Our writers will create an original "Credit Cards Good Idea?" essay for you Create order

Assimilation And Schemas - 1387 Words

Assimilation, Accommodation, and Schemas. Consider Piaget’s concepts of assimilation and accommodation. What stages in Satir’s model accounts for these schemas? Jean Piaget s hypothesis of cognitive development proposes that kids move through four unique phases of mental development. His hypothesis centers around understanding how children acquire knowledge, as well as on understanding the nature of intelligence. As children interact with their general surroundings, they constantly include new learning, expand upon existing knowledge, and adapt already held plans to oblige new information. To better understand the things that occur during the cognitive development, it is vital first to look at a couple of the vital thoughts and ideas†¦show more content†¦The third is â€Å"Accommodation.† Another piece of adjustment includes changing or modifying our current schemas in light of new information, a process known as accommodation. Accommodation includes adj usting existing schemas, or thoughts, because of new information or new experiences. New schemas may likewise be produced during this process. Virginia Satir s Change Model portrays the change patterns she saw during therapy with families. As far as I can tell, the examples she describes happen with any group of individuals when confronted by change. â€Å"Late Status Quo† Encourages individuals to look for improvement information and ideas from outside the group. â€Å"Resistance† is designed to help individuals to open up, become aware, and conquer the reaction to deny, maintain a strategic distance from or fault. â€Å"Chaos† helps fabricate a safe environment that empowers individuals to concentrate on their emotions, recognize their fear, and utilize their emotionally supportive systems. â€Å"Integration† Offers reassurance and help finding new techniques for adapting to challenges. The last stage of her model is the â€Å"New Status Quo† Ena bles individuals to feel safe so they can practice. Developmental Transitions. What does the Satir video add to your understanding about developmental transitions in Freud and Erikson’s models? Satir believed all individuals have the limit with regards to development and change and additionally the capacity to proceed withShow MoreRelatedAssimilation is when a child integrates what schemas they already know with new ones. For example,600 Words   |  3 Pages Assimilation is when a child integrates what schemas they already know with new ones. For example, if a child is born with sucking reflexes and a nipple is put to their mouth, they will suck. In opposition, accommodation is adapting existing schemas to meet new ones; creating new understanding of experiences. For example, learning the word car to identify family vehicle, the child may then call all moving vehicles’ on the road cars (Kuhn Siegler, 2006). Organisation is Piaget’s concept of groupingRead MoreThe Components Of The Theory Essay1612 Words   |  7 Pagesaround three core components: schemas, equilibrium, assimilation and accommodation, and the different stages of development. Schemas A schema is a description of both the mental and physical actions required in understanding and knowing. It’s a category of knowledge used in interpreting and understanding the world – the building blocks of knowledge. Without them, you would find the world incomprehensible. The world with its things wouldn’t mean anything. But schemas provide you a way to organiseRead MoreJean Piaget : Theory Of Cognitive Development Essay1377 Words   |  6 Pagesstudies the origins of something. Epistemology discusses the categories of thinking, basically, it shows the properties of structural intelligence. Piaget’s Cognitive Development theory branched off into three different branches, the first one being Schema, the Adaption Process that allow transitions from one stage to another, and finally the four Stages of Development Piaget’s work countered the common assumption of children’s cognitive development in psychology. Before the work of Piaget everyoneRead MorePiaget s Theory Of Cognitive Development983 Words   |  4 Pagescognitive development is Schema (Ey, 2015). Schema is a basic structure for organizing information; a concept (Margetts, 2016). Piaget considered Schema to consist of two sides of adaptation, Assimilation and Accommodation (Boeree, Copyright 2003, 2009). One of the differences between the two is Assimilation assimilates a new object into an old schema, whereas accommodation accommodates the old schema to a new object (Boeree, Copyright 2003, 2009). An example of Assimilation could be solving a mathematicalRead MoreEssay about Cognitive Development of Children1241 Words   |  5 Pagesin the cerebral operations. Schemas; a schema clarifies both the cerebral and physical actions occupied in comprehending plus knowing. Schemas are sorts of information that help us to ex plain and understand the world. In Piagets vision, a schema includes both a group of understanding and the procedure of gaining that knowledge. As practice occurs, this new information is used to adapt, add to, or change formerly presented schemas. For example, a child may have a schema about a type of animal, suchRead MorePiaget s Theory Of Cognitive Development Theory745 Words   |  3 PagesFor this, he breaks it down into three basic components; schemas, adaptation process, and stages of development. Schemas are the basic building block for intelligent behavior. It is described as both the mental and physical actions involved in understanding and knowing (Cherry). This includes knowledge and the way that it was obtained. As more experiences occur, new information is added to previous knowledge to modify the existing schemas. Kendra Cherry gave the example of a child having onlyRead MoreThe Theory Of Adaptation Of The Bronfenbrenner s Bio Ecological Model Of Development1323 Words   |  6 Pageswork of Urie Bronfenbrenner s bio-ecological model of development and the key concepts of the microsystem and the chronosystem. To highlight my second experience I will reference Jean Piaget’s theory of Adaptation, focusing on the key concepts of assimilation and accommodation. My first experience took place seventeen years ago when I became an older sister. I was five years of age, and I was not only an only child, but I was also an only grandchild. I was the first child to be born into the familyRead MoreJean Piaget s Theory Of Cognitive Development Essay1514 Words   |  7 PagesJean Piaget’s theory of cognitive development was divided into schemas, adaptation processes, and stages of development. Schemas can be described as the building blocks of knowledge which allow us to development mental models of our environment. The adaptation processes are divided into equilibrium, assimilation, and accommodation. His stages of development were further split into four components of its own; sensorimotor, preoperational, concrete operational, and formal operational. Before PiagetRead MoreJean Piaget s Influence On Psychology836 Words   |  4 Pagesoperational. To understand Piaget’s stages a person must first understand the idea of schemas, equilibrium, accommodation, and assimilation. Piaget defined a schema as ‘a cohesive, repeatable action sequence possessing component actions that are tightly interconnected and governed by a core meaning.’ More simply stated, a schema is the basic unit of knowledge. Wadsworth suggests that schemata (the plural of schema) be thought of as index cards filed in the brain, each one telling and individual howRead MoreJean Piaget s Theory Of Cognitive Psychology1187 Words   |  5 PagesJean Piaget was at the forefront of the Cognitive Psychology movement and one of the most influential developmental psychologists of the 20th century. His work on schemas, adaptation, and his development theory are still being used today in most professional settings as a way to understand the development of the child. His work on schemas led to a new understanding of mental illness, paving the way for Cognitive-Behavioral therapies and other therapeutic methods that are based off faulty thinking

Yahoo Case Study Free Essays

Report write-up on Yahoo Case study Yahoo was conceptualized almost accidentally in 1993 by Jerry Yang and David Filo – who were pursuing their electrical engineering degree from Stanford University – while posting a list of their favorite sites on the web, got officially founded in 1994 and incorporated in the year 1995. Initially named â€Å"Jerry’s guide to world wide web†, got later named Yahoo which was an acronym for â€Å"Yet another Hierarchal Officious Oracle†. The term â€Å"Hierarchal† described how the Yahoo database was arranged, the term â€Å"officious† describing the many office workers who would use Yahoo from their work place and â€Å"oracle† suggesting a â€Å"source of wisdom†. We will write a custom essay sample on Yahoo Case Study or any similar topic only for you Order Now Today Yahoo! Inc. is a multinational internet corporation best known for its web portal, search engine (Yahoo! Search, #2 in search engine market share with 6. 8% market share) and for a variety of other services, including Yahoo! Directory, Yahoo! Mail, Yahoo! News, Yahoo! Finance, Yahoo! Groups, Yahoo! Answers, advertising, online mapping, video sharing, fantasy sports and its social media website. With revenue figures of $4. 9B for FY’2011, and a market capitalization of $23. 8B, Yahoo’s success story comprises many hits and more misses. After the modest web directory started to attract large influx of visitors on a daily basis, Yang and Filo decided to make business of it by renting advertising space on the Yahoo Directory pages. Capital Investment came in from Sequoia Capital, who proposed to hire a professional CEO to drive the business forward. After a careful evaluation of a half-dozen candidates, Michael Moritz of Sequoia Capital chose Timothy Koogle, who brought 15 years of leadership experience in high-tech management. Timothy had to use great influence and persuasion skills to bring everybody on board on his vision for the company, one that would create a world connected via the web. His vision encompassed leveraging the company’s existing strength of the web directory by providing more and more compelling content and driving higher advertising revenue. At the same time, create an online platform where buyers could meet sellers, transacting safely over the internet and charging a cut of the revenue for these services provided. They also added customization features for their registered users on their Yahoo financials page so that specific companies of interest could be followed by the users. Along the way, they also helped advertisers reach out to their relevant audience better and thereby increasing the value delivered to them. The strategy was working out very well for Yahoo. Yahoo grew rapidly throughout the 1990s. It also made many high-profile acquisitions. While everything was going great for Yahoo, they failed to evaluate their strategy at that juncture. The environment they were thriving on was that of the dot-com bubble and most companies that were sources of advertising revenue for Yahoo were the dot-com companies. When the dot-com bubble burst, most of these companies went bankrupt drying out sources of advertising revenue for Yahoo. Its stock price skyrocketed during the dot-com bubble, Yahoo stocks closing at an all-time high of $118. 5 a share on January 3, 2000. However, after the dot-com bubble burst, it reached a post-bubble low of $4. 05 on September 26, 2001. While the corporate level vision and strategy were forward looking, the business level strategy needed timely review, the lack of which brought about the downward spiral of Yahoo in a short span. Owing to a huge negative impact on the shareholders’ value, Tim Koogle resigned giving the heirs to Terry Semel, a former Warner Brothers executive. Semel’s goal was to arrest the fall in Yahoo’s revenues by diversifying from the hitherto advertising centric revenue model to subscription-based, value-added services and increasing the quality in advertising revenue by targeting more stable companies. This strategy was viewed as but a late reaction to the changing market landscape, something that investors expected the leadership to foresee. Terry Semel also had his share of low moments as CEO of Yahoo during the criticism he drew for cooperating with the Chinese officials to release previously confidential Yahoo information to the Chinese government. He also lost a chance to buy out Google during its nascent years, whose search engine services it used till Yahoo developed its own search engine technologies. Over the years, Yahoo also failed to catch the market trends of social, mobile, local, platform services etc. at the right times, which has resulted in diminishing market share figures in each of the spaces. While Yahoo revenue has dipped for the year 2011, the company’s financials look strong with low debt and good cash flow. Company’s new management team is betting big on mobile and connected TV businesses. Mobile applications, where the company is lagging behind competitors like Google and Facebook, is a business line it must produce a turn-around performance on since the markets a trending in that direction. Marissa Mayer, former Google executive, who is now at the helm of the $5B company, would hope to bring her successful experience at Google to Yahoo to deliver the goods on the Mobile platforms business. Discussion Questions: . To what extent was the evolution of strategy at Yahoo planned? To what extent was it an emergent response to unforeseen events? Yahoo’s initial strategy during Koogle’s time of foraying into advertising and online portal for facilitating e-commerce and shopping were a planned strategy and were apt for the company with its inherent strengths. however, the portfolio diversification undertaken by Semel was an attempt to lower the risk exposure as a response to the changed business environment. 2. Could Yahoo have done a better job of anticipating the slowdown in advertising revenue that occurred in 2000 – 2001 and positioning itself for that slowdown? How? What might it have done differently from a strategic planning perspective? In order to achieve a sustained competitive advantage, a firm must adapt to the change in the market trends. As a strategy evaluation process, yahoo could have foreseen the dot-com bubble burst as the bubble formation was a process that had initiated around ’98. Analysts highlighted the risk in staying invested with the dot-com companies. There was surplus income available with retail investors during that period, which is suggestive of a trend of higher demand of normal goods / services over inferior goods / services. Yahoo could have seen this trend and positioned itself for a niche product / service offering. 3. Does Yahoo have a source of potential long-term competitive advantage? Where does this come from? Yahoo has a good cash flow – a low debt and also a business model in place for buyers to meet sellers. Social Media has played a key role in penetrating the market – creating awareness of using the online medium. Yahoo has the system in place to capitalize this strength in order to optimally utilize the buyer-meet seller platform – expand it from retail presence to corporate interactions, include a model that addresses webinars for multiple industries eg pharma meet can be entirely conducted online – creating a significant cost advantage for the participants and also adding to its revenue by marginal investments that wont affect its balance sheet either. 4. What does Koogle’s resignation in May 2001 tell you about the role of a CEO in a public company? CEO’s role in a public company has evolved over the years, but in essence, remains that of a custodian of the shareholders’ value. Koogle had a very good vision and strategy for the company, which did transpire into success initially. While the formulation of the strategy may have been done well, the execution at the business level and evaluation of the strategy could have been better. Even towards the end of Terry Semel’s tenure in 2006, his salary was reduced to only $1 (with $70M worth of stock options ofcourse) due to shareholders’ dissatisfaction. How to cite Yahoo Case Study, Free Case study samples

Management Communication

Question: Discuss about the Management Communication. Answer: Introduction Human resource management i.e. HRM can be explained as the overall management of the human resources in an organisation. The main purpose of incorporating the human resource management practice in an organisation is to enhance and uplift the performance of the employees so that there can be rapid achievement of the organisational goals. The effective planning of HRM is one of the most critical tasks for any organisation as it impacts the present as well as the future of a company and its human resource (Hendry, 2012). The report will highlight the major aspects related to the strategic human resource planning, project management and human resource planning. The later part of the report will discuss the part of HR planning in regards with project management. Strategic Human Resource Planning SHRM i.e. strategic human resource management can be explained as the practical approach of employee management in an organisation. There are several elements which are the part of SHRM such as effective working of the workforce, recruitment, workforce unity, organisational discipline and payroll of the employees. All these aspects helps in providing several benefits to an organisation such as increasing retention rate of the employees, maximizing the organisational productivity, enhancing the quality and efficiency of the word done and boosting employees motivation (Boxall and Purcell, 2011). There are theorists who have defined human resource planning as the approach used by the organisations for identifying the needs of the human resource and the ways through which those needs or the requirements can be fulfilled. Human resource planning can also be explained as an intricate approach by which the organisations make the estimations of the total demand and the size of the labors required in an organisation. This is linked with the analysis of the nature of supply which is required for meeting the market demands. There are number of things which are the part of the human resource planning such as employer branding, employee retention, talent management, development of the strategies related to selection and recruitment, absence management and improving organisational flexibility (Armstrong and Taylor, 2014). Human resource planning is the point of connectivity among the human resource management of an organisation and the companys strategic plans. It is performed in such a way, which helps in effective attainment of the strategic objectives of an organisation. The significance of effective human resource planning can be demonstrated by the increasing demands for the competent employees in the developing nations and because of the fact that in western countries there is more of aging workforce, effective HR planning is needed (Yin and Oathman, n.d.). There are number of HRM issues present in the global organisations such as increased turnover rate, presence of aging workforce, issues related to diversity, incompetent skills etc. To effectively manage these issues and achieve higher competitive benefits, there is a vital need of robust strategic management in an organisation by the means of effective HR planning. For example, one of the primary issues i.e. increasing rate of turnover can be managed by implementing the practice of conducting exit interviews in every organisation. The feedback and the data collected from the employees who are leaving the organisation helps in identifying the workplace issues and also supports in building a healthier working environment in future. It also provides the HR executives with the insight of the major causes which are the reasons for increasing turnover rate in an organization (Bratton and Gold, 2012). In a similar way, the various issues of the labor market can be resolved by the implementation of an effective human resource policy inan organisation. It is impossible for an organisation to attain its set objectives and goals in the absence of potential labors. There can be strengthening of the organisation by having a robust HR policy through a potential HRM strategy. The flexible working roster is just one of the elements which contribute in attaining a desirable working place for the competent employees. An organisation which lay high emphasis on the factors such as employee development, improving workplace environment, development of employee welfare programs etc. helps in achieving high retention rate of the employees as well as enhanced organisational productivity (Lengnick-Hall, Beck and Lengnick-Hall, 2011). The issues which are developed because of organisational diversity can only be resolved bythe incorporation of a competent human resource policy. It is necessary that the policies developed have a sense of sensitivity in regards with the diverse values and cultures of the individuals. There must be few engagement programs in an organisation so that there can be developed a sense of belongingness and informal association among the employees which therefore helps in reducing the issues of diversity. For managing the human resource concern of ageing workforce, there can be done recruitment of new and fresh talent in the organisation.From the overall perspective, it can be said that the effective human resource management policies helps in minimizing the organisational issues as well as providing several competitive benefits to the organisation which therefore supports improved organisational branding (Wright and McMahan, 2011). HR Planning and Project Management The project management supports an organisation in visualization of the resources and the time, checking and managing the development of the overall project and the identification of the reasons of failure of any project. A competent HR manager takes efficient use of the pioneering tools of project management for instituting productivity measurements, establishment of detailed recruitment process, collection of feedbacks, analyzing the cost of recruitment and providing managerial insights for the development of the project (Kerzner, 2013). The primary element which is to be emphasizes upon at the time of HRM planning is the recognition of the various responsibilities and roles associated with the project. The major responsibilities in the HRM planning process comprises of documentation of the reporting associations and the recruitment and staffing management plan (Puckett, 2014). An effective strategic management plan helps in attaining the potential workforce through innovative ideas. There has been performed the analysis of the need for recruitment, training programs and information flow. In an organisation, all the human resource management functions are divided among the various managers and the project management. It is essential that the parties have a clear understanding of the division of roles and responsibilities, so that, every individual can play its work role in the most efficient manner and can help in achieving the fruitful completion of the project (Nagendra and Deshpande, 2014). There is one real life example which illustratesthe importance of having an effective HRM in an organisation. In the ABC News, a news article was reported which revealed that in Brisbane, there were cancelation of 100 trains because of the reason that there was unavailability of required number of drivers for carrying out the train operations on Redcliffe Peninsula line.The issue occurred because of the absence of adequate number of trained drivers which were required to operate the newly scheduled trains. The report shows the significance of HR in an organisation no matter whether it is a private corporation or a public one. Every organisation faces number of issues related to deficiency or absence of competent workforce. In the long scale projects, the factor of human resource is of more significance as all the aspects of a project are interlinked with each other. Therefore, an absence or lack of potential employees in first phase of a project leads to delay in the second phase, an d eventually the entire project. Because if the lack of competent workforce, it results in delay in the newly scheduled trains. There is a need to plan anprovisional timetable which is dissimilar from the current timetable but even the provisional timetable will take more than a weeks time. Thus, it shows that a minor delay or lack of workforce may result in the deterioration of the complete project or operations. After the occurrence of issue, there is a need of a solution to restructure things and this process of improvement takes much more time (ABC News, 2016). From this incident, it has been analyzed that if the HR department has implemented a robust HR policy then there can be easily forecasting of the required number of workforces for carrying out the operations. By the effective HRM, the presence of appropriate number of personnel has been ensured at the prior stage only so that the train operations would not have been stuck. The primary reasons for the lack of workforce was the shortage of trainings regarding the new service and the underestimation of the workers and this resulted in the cancellation of trains (ABC News, 2016). The political consideration in the public services has a direct connection with the HR planning. Because of the reason that the policies of human resource management are outlined in such a way that they completely abide the various rules and regulations developed by the government. For the project management in the large scale organizations, it is of more significance as there are engaged increased numbers of people in a specific project (Berman, et al., 2012). The Resource-Based View of the Firm Resource based view offers an extensive number of competitive benefits to a company through the application of intangible and the tangible resources. The organization takes use of diverse form of resources for achieving long-term benefits. The resource based view supports an organization to have more potential and significant resources for the operations. With the era of globalization and robust market competition, it has been evaluated that the success of a company is dependent upon a strong RBV as it offers advantages to an organization. Through the RBV, the organization comprises the resources which are rare, valuable, not imitable and organized (Lin and Wu, 2014). In HRM, the imitation takes place because of path reliance where the human resource of an organisation is relied over a path and another is the reason of un-informed certainty where the HR policies are not so effective that they can attain appropriate methods for generating potential. The HR policies of an organization are developed in a long-time period which is not easy for the competitive companies to implement the same. Thus, it results in development of imitation wall. Therefore, it is essential that the human resources are productive, rare, not imitable and valuable so that there can be gained several benefits b y the organization (Montgomery, 2011). In the strategic human resource management, RBV is one of the significant factors as it led down high emphasis upon the organizational internal resources. The various components of resource based view supports in developing the organizational human resources as highly rare, valuable, organized and not imitable. For achieving this there is a need to implement a robust human resource planning so that the workforce can sense that they are the most valuable resource for the company (McWilliams and Siegel, 2011). Conclusion From the above report, it has been concluded that there is a vital role of human resource in an organization. The people or the human resources are the most important asset for any company to achieve success. For the successful completion of any project, there is a need of appropriate scheduling and workforce competence. To achieve human resource effectiveness, coordination and organizational growth, there is a need to have effective HR policy and HRM in an organization. It has been analyzed and concludes that like all other segments, HR is also one of the most significant parts of a company. As the potential HR team supports in the attainment of potential and competent workforce and offers several benefits to the company. From the news article which was published in ABC News, it can be stated that there is a vital role of HR policy and effective HRM for the completion of any project. As because of lack of HR competence in the identification and management of the workforce, there was cancellation of trains. Therefore, from the overall report it can be evaluated and stated that there is an essential need of implementing appropriate HR planning and effective HRM for the successful completion of the projects in an organization. References ABC News. 2016. Queensland Rail disruptions: AnnastaciaPalaszczuk 'furious' over 100 cancelled trains in Brisbane. ABC News. Accessed on: 1st April, 2017. Accessed from: https://www.abc.net.au/news/2016-10-23/annastacia-palaszczuk-furious-over-queensland-rail-disruptions/7957862 Armstrong, M. and Taylor, S., 2014.Armstrong's handbook of human resource management practice. Kogan Page Publishers. Berman, E.M., Bowman, J.S., West, J.P. and Van Wart, M.R., 2012.Human resource management in public service: Paradoxes, processes, and problems. Sage. Boxall, P. and Purcell, J., 2011.Strategy and human resource management. Palgrave Macmillan. Bratton, J. and Gold, J., 2012.Human resource management: theory and practice. Palgrave Macmillan. Hendry, C., 2012.Human resource management. Routledge. Kerzner, H., 2013.Project management: a systems approach to planning, scheduling, and controlling. John Wiley Sons. Lengnick-Hall, C.A., Beck, T.E. and Lengnick-Hall, M.L., 2011. Developing a capacity for organizational resilience through strategic human resource management.Human Resource Management Review,21(3), pp.243-255. Lin, Y. and Wu, L.Y., 2014. Exploring the role of dynamic capabilities in firm performance under the resource-based view framework.Journal of business research,67(3), pp.407-413. McWilliams, A. and Siegel, D.S., 2011. Creating and capturing value: Strategic corporate social responsibility, resource-based theory, and sustainable competitive advantage.Journal of Management,37(5), pp.1480-1495. Montgomery, C.A. ed., 2011.Resource-based and evolutionary theories of the firm: towards a synthesis. Springer Science Business Media. Nagendra, A. and Deshpande, M., 2014. Human Resource Information Systems (HRIS) in HR planning and development in mid to large sized organizations.Procedia-Social and Behavioral Sciences,133, pp.61-67. Puckett, J. 2014. The Critical Importance Of Project Management For HR. ERE Media. Accessed on: 1st April, 2017. Accessed from: https://www.eremedia.com/tlnt/the-critical-importance-of-project-management-for-hr/ Wright, P.M. and McMahan, G.C., 2011. Exploring human capital: putting humanback into strategic human resource management.Human resource management journal,21(2), pp.93-104. Yin, J.G.S. and Othman, M.H.B., Strategic Human Resource Planning. Management Communication Question: Discuss about the Management Communication. Answer: Scenario 1 It is the sole responsibility of the manager of a high-volume fast food restaurant to retain the position of the company in the global competitive market. From the analysis of the case scenario, it can be determined that the restaurant is currently suffering from staff related problems and to mitigate this issue, the management has decided to hire staffs from other restaurants of the same chain. On the other hand, the duty of the assistant manager runs by the Shift supervisor. The company is running smoothly but this is not the way to mitigate the issues. The management of Restaurant should hire employee and train them properly so that they can understand their role in the organization. At the time of recruitment, the Human Resource Mangers should pay attention to the qualification of the employees (Busch, et al, 2007). HR Department should not hire employee on the basis of their qualification and merit. Employees should be hired based on the efficiency and skilled. 1 week of training should be provided to the new employees to make them aware of the organizational goals. Moreover, they need two or three weeks more so that they can gear up their speed and meet the demand of the customers. On the other hand, the restaurant is suffering lack of assistant manager; shift supervisor has taken the place of the assistant manager. Now the company is trying to recruit new assistant manager. Shift Supervisor is demanding that she can able to handle the work of the as sistant manager efficiently as she has been doing this from the beginning (Varey, 2002). In order to retain the supervisor in the organization, the manager should provide adequate training to the supervisor so that she can manage the role of the assistant manager adequately. Right now, the company is running all the operations with the help of the staffs from different restaurants from this chain. With the help of this strategy, the problem can be mitigated for time being. To solve the problem from root, the management should hire efficient employees and provide them training. Scenario 2 From the above analysis of the case study, it can be stated that the manager of the boutique advertising company has struck among several problems. At first, the manager should take strict action against the intern and terminate the intern from the job as she has breached the contract and revealed all the information to the senior executive of another company (Harner and Zimmerman, 2002). For increasing the profit percentage, the manager should undertake the plan of triple profit as it is profitable for the company but before that manager of the company should develop a contract. After that manager should concentrate on making a contract that would include the regret of not entering into a contract, forcibly. Scenario3 As the manager of a renowned organization, there are diversified role to play. Here the manager has to deal with the Business Administrator. The manager has found that the Business Administrator is new and the BA has no experience in this field. At the same time the company is implementing ERP system and at the middle of the merger so it is utterly impossible for the BA to manage everything smoothly (Kahle and Riley, 2004). On the other hand, the key stakeholders of the organization, employees, are creating problems. They are failed to meet the deadline and demands of the customers. Employees of the organization are accustomed with the conventional way of doing work. Implementation of ERP system can bring change in the work process so this is definite that they are feared of losing job. Merger is affecting the morale of the employees. Management should concentrate on the training of the employees. Training helps them to adopt changes in the organization. In addition, management shoul d put concentration on the leadership strategies. The leaders of the organization should understand the situation and adopt leadership style in accordance with the situation. As the employees are in vulnerable position, so Democratic Leadership Style is the best way to manage the employees in the organization. Apart from this, the Business Administrator is not competitive enough. BA has not aware of the situation. Merger is the time when the position of the employees is not well enough. Mergers and implementation of new system can enhance the chance of employee turnover rate (Marketing Communication, 2015). As the new BA, the existing employees are not ready to obey so BA cannot able to handle employee. In order to mitigate the issues, the management of the organization should provide training to employees and make them aware of the fact that change is the integral part of the organization and they have to adopt it. With the help of the training and development programs, the employees can understand the way to handle ERP system. Along with that leaders of the organization should adopt democratic leadership style (Parente, 2006). This style helps the employees in the decision making process of the organization. Taking an active part in the decision making process of the organization, helps the employees to become the part of the organization. This is the best way to engage the employees and reduced employee turnover rate. BA also needs moral support from the senior management. References Busch, R., Seidenspinner, M. and Unger, F. (2007).Marketing communication policies. Berlin: Springer. Harner, S. and Zimmerman, T. (2002).Technical marketing communication. New York: Longman. Kahle, L. and Riley, C. (2004).Sports marketing and the psychology of marketing communication. Mahwah, N.J.: L. Erlbaum Associates. Marketing Communication. (2015). Abington, Oxon: Taylor Francis Ltd. / Books. Parente, D. (2006).Advertising campaign strategy. Mason, Ohio: Thomson/South-Western. Varey, R. (2002).Marketing communication. London: Routledge.