Automotive Fair Price by Todd Low Essay Example | Topics and Well Written Essays - 1000 words

Automotive Fair Price by Todd Low - Essay Example The time in diagnosing the car is separate from the time used in fixing the car. Spending an hour on the car is more than enough to diagnose the problem. If I need extra time to find a fault, I will need to explain the customer in detail about the additional costs. My technician is appointed to diagnose the car; we are spending business hours in finding the fault with his car. That is an opportunity cost for us because we could be spending those hours fixing someone else’s car and earning money. If an arrangement is made with the customer where the technician drives the car to and from work, and driving during lunch breaks then this will be ethically more acceptable. The equipment, installed in the car, will record and diagnose the problem. The time my technician spends this way is not a burden on business hours. In this case, the total cost would come up for only two hours. The technician spent the first hour diagnosing the problem and did not find the fault. After that, the arrangement is made with the customer that my specialist will keep the car to find the problem. He will be driving the car to and from business and during lunch breaks. When he finds a fault, it will take probably less than an hour to fix it. So one hour for diagnosing and the other hour for fixing the problem would be charged from the customer. This method seems more professional than any of the other scenarios. What if you change every conceivable part that could cause this; would that be professional and ethical? If you cannot fix it, would it be more ethical to charge a nominal fee rather than what is due to you for services rendered? Changing every conceivable part is neither ethical nor professional. This way the customer will have to pay for the time consumed and the cost of new parts. Charging a nominal fee or for the services rendered will be an enormous burden on the client. The technician can use a 'trial and error' method, making educated guesses what the problem could be and then change that particular part.

Ethical Decision Making and Contemporary Managers Essay

Ethical Decision Making and Contemporary Managers - Essay Example The Enron scandal a few years back and the JP Morgan failure are merely tips of the iceberg in the sense that they clearly point towards the fact that many times the managers in the corporations, moved by self-interest or a more than rational commitment to the shareholders, do end up resorting to unethical decisions which in the long run have a very destabilizing impact on the economy and the society. Hence, one big challenge facing the managers serving the corporations is to resort to ethical decision making in their day to day professional conduct, irrespective of the pulls and pressures they are always vulnerable to. As per the Oxford Advanced Learner’s Dictionary, ethics mean â€Å"moral principles that control or influence a person’s behavior (518)†. Going by the fact that managing corporations is a job that is about allocation and distribution of resources, exercise and delegation of legal and financial power, sharing and concealing of information, there is no denying the fact that contemporary managers do many times come across situations which could press them to waver from the established principles and ethics (Pava 17). The ethical challenges faced by managers within an organization could be of many types. For instance, many times the managers have to face a situation which requires them to strike a balance between reducing running costs and the health and safety of the employees. Here, a manager gave to ethical decision making while never cut upon the expenditure that assures the safety and well-being of the employees. ... Also, for instance, in the present age of technology and IT revolution, managers are required to respect the information pertaining to customers, while at the same time resorting to an optimal use of the available information to maximize sales and profits. No wonder, these calls for a dedicated ethical decision making and the weighing of the decisions taken in the light of the set ethical benchmarks. As employees, shareholders and customers expect the companies to be ethical and above board, a failure of the management in this area my mar the reputation and viability of a corporation in a serious way. Going by this, the most important question that comes to mind is that what can the managers do to act in an ethical way? First and foremost, a manager, to be able to act in an ethical way must have an internal map dedicated to ethical decision making. If a manager adheres to any religion, it is really good as it could serve as a source of deciding as to what is right or wrong. However, managers who are not given to religious affiliations could also draw inspiration from the available secular sources to develop a personal ethical compass that could guide them during their course of decision making. The next thing that could go a long way in promising ethical decision making on the part of the managers is that corporations should make sure that junior managers do always have access to senior mentors within the organization who have a reputation for ethical decision making (Sims 209). This will allow the young managers to have a practical exposure to the challenges involved in ethical decision making and will prepare them to be the leaders of the future. Besides, in their day to day working, the senior management should make it a point to encourage ethical

QI strategies into performance measurements Essay

QI strategies into performance measurements - Essay Example The main performance area under consideration is quality improvement in health care, followed closely by patient safety. Quality healthcare is very integral in the vision, mission and overall strategic plan of Memorial Healthcare. In order to improve the overall quality of healthcare, many healthcare facilities employ different strategies, but they all have a singular aim. This focus has aided many heath facilities to improve their patient outcomes and follow the protocols of treatment. One of the models aimed at improving the quality of healthcare is the Plan Do Study Act. This methodology entails four steps, aimed at instituting changes in a system. To institute changes, a plan is hatched in order to test the change. Once this is accomplished, the test is executed, followed by a critical observation of the results for the purpose of learning and having a deeper understanding of the system. Thereafter, any shortcomings are identified and potential modifications made. Its pros include its application of scientific processes, its wide application, its effective management and control of results and capacity for exponential improvement. However, the methodology’s non-specific approach in dealing with problems, coupled with the possibility of being impacted by major risks when tackling small problems are examples of some of its drawbacks. According to Stamatis, the Lean methodology is a process improvement model that focusses on improving productivity while still minimizing waste and costs in the system. In order to be implemented, it requires a collaborative effort between all personnel in the organization for the purpose of identifying the improving productivity and highlighting the shortcomings in patient care services. Its pros include improved care patient services through care inefficiency reductions, employee and physician satisfaction and improved level of patient care and satisfaction. However, the methodology is time consuming and cost

How well has poverty reduction policy in Turkey succeeded Essay

How well has poverty reduction policy in Turkey succeeded - Essay Example Attacking poverty had been one of the main aims in the world in recent times and Turkey had been no exception. It is important to know more about the programme and assess how well Public economic management in Turkey is progressing. No doubt, poverty reduction cannot be done in a few years, or as a result of a few policies. This has to be based on a very sound continuous economic programmes and right directions. All over the world, there are many impediments in the way of poverty eradication. In the world of globalization, economic change also depends on many other world problems and economic fluctuations. Hence, expecting an overnight result cannot be exactly practical. In the Press Release No. 39, September 19-20, 2006, Ali Babacan, Governor of the IMF for Turkey, said in the 2006 Annual Meetings of Board of Governors held at Singapore held: â€Å"Inflation is likely to exceed the 2006 target mainly because of adverse energy and commodity price developments. However, it is expected that, in the medium term, it will converge to our target. Current account deficit has widened on account of rising cost of energy imports and accelerating investments whereas the composition of the financing significantly improved by the increasing long term capital inflows† http://www.imf.org/external/am/2006/speeches/pr39e.pdf Turkish economy has undergone a series of changes with the tightening of the fiscal policy and central banking. This does not mean that Turkish economy does not have any worth-mentioning growth. It is considered to be one of the fastest growing economies, in spite of many connected cultural, social and economic problems.

Business law Assignment Example | Topics and Well Written Essays - 500 words - 1

Business law - Assignment Example The feeling or ignorance pertaining what is happening makes the practice appear ambiguous. The practice worked in the sense that the rich folks controlled the market. Therefore, they had power that determined the flow of income within the market. This increased the mobility of physical cash leading to difficult economic situations arising within the economy. However, the situations did not affect those who pioneered them. Instead, they affected the poor persons within the communities. The parties involved include Hank Paulson, who is a treasury secretary. Initially, he headed Goldman and was the secretary during the time of crisis. On the other hand, Tim Geithner was an appointee tasked with overseeing the effectiveness of the system, and managed to be among those that facilitated the downfall of that system. Most people in the movie have different moral philosophies that justify their actions. They do actions that only serve their personal interests without considering what others may be going through at any one moment in time. Therefore, the principles that the people exhibit have a relationship with what they perform. For instance, Dick Fuld lost his job because he facilitated the downfall of one company. Thus, this showcases him as having some of the worst management principles that lack quality leadership. In addition to causing the downfall, he made away with huge lump sums of money making other people lose their valuables such as money and jobs (Ferrell et al. 160). The parties in question could have experienced different situations had they used different moral philosophies. Such philosophies include applied ethics, which potentially takes a person’s problems and tries to find out the right and wrong concerning the situation. The other philosophy is normative ethics that only makes an assessment of those factors enabling people

The role of the HR function Assignment Example | Topics and Well Written Essays - 2000 words

The role of the HR function - Assignment Example Self development plan not only provides the self reflection but it also sets the path straight in terms of career Personal development program is very important. It provides the framework to the individual to conduct personal self assessment and identify his strengths and weaknesses. It helps in charting out the guideline to optimize and capitalize on the existing capabilities and determine the future path. It helps in identifying the areas of development and ways to enhance capabilities and knowledge and helps in deciding and developing a clear picture of the future in terms of career. Personal development plan is geared towards progress of both personality and self. A clear analysis of existing capabilities and desired ones helps in boosting self esteem and a clear picture of the future enable to add appropriate qualifications especially when you are vying for higher position (Attwood, 2005). This paper aims at creating my own personal development plan in the light of the different theories of personality, learning and leadership. Personal Development Plan A personal development plan consists of the following major steps. 1. What is my current state 2. What is my desired state 3. How do I get there? What is needed 4. ... So it is beneficial to identify the personality type first using the Myers Brigg Type Indicator (MBTI). MBTI It is one of the best known and most widely used for identifying personality and learning style. MBTI identifies the psychological type on four different scales namely Extraversion Vs Introversion (E-I), Sensing Vs Intuition (S-I), Thinking vs. Feelings (T-F) and Judging vs. perceiving (Gardner, 2009). The E-I indicator shows whether the energy and attention primarily comes from inside or from outside events. S-I indicators shows how the individual perceive the world and take the information whether directly from the five senses i.e. sensing or indirectly by using intuition. T-I indicator shows preferences in decision making either logical and rational or subjective values like based on like and dislike. The last indicator is J-P that shows individual’s choice whether to use judging or perceptive attitude for dealing with the environment (Knights et al 2007). I took MBT I online test to identify my personality. The test identified my personality type as ESFP. It shows I am an extrovert and I have the following characteristics sociable, outgoing, talkative, gregarious, active, optimist and impulsive. In my perceptions I rely on my five senses. Both of them are my strengths. However in my judgments I am not rational and logical and mostly make judgments based on my likes and dislike. That is a weakness. My attitude in dealing with the environment is based on perception rather than judging, it can also be considered a weakness (Ewing, 2006) Learning Style There are six types of learning styles namely reading, writing, listening, speaking, visualizing and manipulating. No one style is better than the other. Generally people use the learning style

Instructions on how to hypnotise a person Essay Example | Topics and Well Written Essays - 500 words

Instructions on how to hypnotise a person - Essay Example Hypnosis is a condition that is linked with the psychological behaviors where it affects the lives of the people on which it is acted upon in a manner that shows clearly the marked distinctions in their thinking mindsets and behavioral patterns. There seems to be an altered state of consciousness at certain times within this whole hypnotic activity but the same holds true for only a small fraction of people. The hypnotic indications as well as the subjective alterations within the human mind can be achieved with hypnosis. However there a number of controversies that goes in line with the art of hypnosis the world over. Without a shadow of a doubt, hypnosis is a form of hysteria and the people who experience hysteria can be hypnotizable. However this is just a solitary claim and with the recent research it has been proven time and again that nearly all human beings can be hypnotized. The manner in which a person can be hypnotized rests largely with the act of inducting a hypnotic state within him/her. We cannot just fathom a single basis on which we can rest our claim that the same is the proper way of inducing a hypnotic state however for this act to be effective, a number of practitioners have started to employ the calming verbal methodologies, usage of difficult triggers and lastly the inclusion of devices which are mechanical in nature. Hypnotherapy is the term which is used for the description of hypnosis within a therapeutic setting. A number of these hypnotherapists refer to this act as the practice related with â€Å"clinical work†.