BIOPSYCHOSOCIAL CASE STUDY Example | Topics and Well Written Essays - 750 words

Civilised Life and the Environment Essay Example | Topics and Well Written Essays - 1000 words

Humanized Life and the Environment - Essay Example This acquires clashes between the longing to have a cultivated life and the support of the inborn condition. While instruments applied by designers could almost certainly help in dealing with persistent asset rivalry, no arrangements are offered to the running out environmental administrations. Most basic biological system administrations, for example, watershed filtration, atmosphere steadiness, and soil richness are not esteemed and accordingly as these common assets are compromised, no innovative capacity is set up to substitute natural administrations at the expenses and volumes required. Life is progressively encircled and secured by Technological plans. Albeit current science encourages individuals to get, control, and change nature, the unseemly use and advancement of innovation lead to significant negative effects, for example, asset exhaustion, ecological contamination, and biological decimation. Present day innovation advances improves everyday environments and enhances mat erial life, yet its fast and solid force can bring about moral discussions like hereditary alteration, cloning, and atomic weapons. These confused issues are inescapable and challenge the current natural upkeep. While all will in general assent that innovation makes human advancement and must be ceaselessly evolved, suppositions vary with respect to the manner in which innovation ought to be identified with the earth. The possibility that innovation annihilates nature ought not destruct our consideration from the truth that created and enlightened nations are as yet significant movers in ecological procedures and have proceeding with obligations concerning the issue. A significant number of the most basic ecological issues looked by the advanced world are not brought about by industrialized nations. Furthermore, rising enlightened ancient rarities and procedures get an opportunity to shape the fate of the earth when contrasted with the earlier days. China for example, is developing as another focal point of reusing. It appears to be mindful of the open door they gangs to start new innovation under different conditions. Thee most squeezing overall ecological issues are not of their making; yet they have a legitimate method to fix these issues by twisting the conspicuous bend that outlines the connection among innovation and natural corruption. Innovation has been the one of the key drivers of ecological procedures. For instance, transport innovations have made the world progressively worldwide and littler planet, yet have likewise prompted new ecological pressure, especially through the raise in barometrical carbon focuses. In spite of the fact that the enlightened procedures have accelerated success as a rule, it has likewise allowed the extraction of normal assets, for example, timber, fish, metals, and minerals at surprising rates. Then again, innovative advances have permitted decreased ecological issues. Research shows that China’s monetary headways go connected at the hip with a relatively lesser outflows than the prior rates in North America and Europe since China has used innovations that are a lot of cleaner than the other two were utilizing at similar phases of creation. Autos are a significant zone when investigating the contention between mechanical advances and natural support. Cars at present are cleaner in ecological terms than they were 30 or 40 years back. The

An Outline For Research Can Be Found Online

An Outline For Research Can Be Found OnlineTo know what an outline for research means, it is important to understand the difference between an outline and a research plan. An outline is a compilation of ideas to help brainstorm on an idea. Research plans are designed to produce the actual product to be created from the ideas within the research plan.The research plan is the piece of paper that you will use to build your product. Each step of the research plan should be planned out and written out to make it easier to follow. In order to produce something of quality, you must ensure that each step in the plan is fully researched and understood.Many people think that the outline for the research plan is simply an outline for research. But the true definition of an outline for research is the first research plan completed. The outline for research is often used to outline the next steps. An outline for research is used as a guide to move through the process. It is a visual example of th e work to be done.Research can be difficult to complete without a full outline. It is important to understand that it is not enough to write down an idea and then move on. A good outline for research will outline each step of the research. It will show where you need to go next to complete the research.The outline for research will help to determine how much research you will do. There are several ways to go about researching a topic. In order to find the appropriate methods for your project, you must use the outline for research to properly plan the research process. Remember that when you have an outline for research, you do not get stuck and lose motivation.The outline for research is vital for everyone to see. Everyone who is involved in the research process should have access to it. You will want to print the outline for research out and use it in your day to day research process. It will allow you to quickly review what has been researched and get an overview of the overall pr ocess.An outline for the research plan is essential if you are planning on doing extensive research. If you want to begin the research process, you can use the outline for research to guide you through the process. Knowing what is needed to create the research product is an advantage to those who are going to follow you through the process. After all, you will be reviewing the outline for research to see how well you followed the steps.Research should be an enjoyable process. It is always best to begin by having an outline for research, so that you can easily make the necessary changes and edits once the research is complete. If you do not have an outline for research, you will have to go back and edit the research once it is complete.

How College Student s Level Of Wellbeing And Happiness

Why is it that some individuals are so high above the curve in terms happiness and optimism, even in the face of challenges and misfortunes? Whatever it is, there are individuals in psychology who wish to study and understand the science of happiness. These individuals specialize in the new field of psychology, positive psychology. Such researchers wish to gain insight on gaining happiness and building a resiliency to negative emotions. With an increasing emphasis on measuring college success, primarily through academic outcomes, it becomes understandable that school professionals might stay active in monitoring student’s well-being and happiness. However, how and why student’s well-being and happiness plays a role during their time on campus and what college faculty members are doing, or not doing, remains an interesting area for review. The intend of this research is to produce a better understanding of how college student’s level of wellbeing and happiness is monitored or could be monitored by faculty besides how emotions and a student’s happiness level affect individual students’ time on campus. It is impossible to escape negative information. Just imagine turning on the news, it doesn’t take long to see that the majority of information streamed is not positive, but often negative. Most broadcasted news depicts murder, corruption, disasters and disease. This provides our world with an overwhelming positive to negative ratio that surrounds us. With this overwhelmingShow MoreRelatedMaslow Hierarchy Speech1013 Words   |  5 Pagesto understand how true happiness, or self-actualization, can be achieved. Introduction Attention Materials: Many times I have wondered what is true happiness. Is there such thing as true happiness? Can it even be attained if there is such a thing? Is it more of fulfilling desires, or satisfying psychological needs? Every person attempts to realize happiness in its fullest essence. It seems like today people are too busy trying to get rich. Nowadays it is believed that happiness lies in that newRead MoreEffects Of Marijuana On The Body1495 Words   |  6 Pagesto 20% of daily marijuana users become dependent (Marijuana and Lung Health) showing a physical or emotional need for the drug. Marijuana use has the potential to affect every aspect of a person s physical and mental wellbeing negatively. Its use also comes with potentially life-altering risks to one s future including an individual’s likelihood of obtaining a degree, impacting their future earning potential and decreasing their overall reported life satisfaction. Once dependent on marijuana, peopleRead M oreA Mission Statement At Sheltering Arms1338 Words   |  6 PagesAt Sheltering Arms, we believe that every child and family deserves an equal chance at happiness and future success. Our mission is to strengthen the education, well-being, and development of vulnerable children, youth, and families across the New York metro area. We serve nearly 22,000 people each year from the Bronx to Far Rockaway. Through compassion, innovation, and partnership, we respond to our community s greatest needs and enable individuals to reach the greatest heights of their potentialRead MoreThe Clinical And Social Implications Of Self Compassion1495 Words   |  6 Pagesmajor depressive disorder (). Conversely, researchers indicated that fear of compassion towards oneself and others contributes to elevated levels of anxiety and tendencies towards decreased positive affect, self-judgment and anhedonia (). Furthermore, existing literature suggests that low levels of self-compassion may correspond with lowered emotional wellbeing and to the onset of psychopathology. Also, low self-compassion is a predictor to increased vulnerability to positive emotion disturbance (AkiskalRead MoreHappiness of Teachers in Pune4757 Words   |  20 Pages GROUP TESTING REPORT SYMBIOSIS COLLEGE OF ARTS AND COMMERCE (An autonomous college affiliated to Savitribai Phule Pune University) Senapati Bapat Road-411 004 GROUP TESTING REPORT Submitted by Ms. Ipshita Munshi Class: TYBA Roll No.: 2497 Under the guidance of Dr. Alpana Vaidya In partial fulfilment of B.A. Degree in Psychology April 2016 SYMBIOSIS COLLEGE OF ARTS AND COMMERCE (An autonomous college affiliated to Savitribai Phule Pune University) Senapati Bapat Road-411 004 CERTIFICATE ThisRead MoreIntroduction of Stress1741 Words   |  7 Pagesincrease certain health risks, to say nothing of the way and tear that happens to relationships and general wellbeing. The simple guide use materials adapted from several college campuses with active stress reduction programs. It explores the origin of stress and provides some basic ways to assess the level of stress you may be feeling and than suggest some easy to incorporate ways to decrease the level of stress. Although we all talk about stress, it often isn’t clear what stress is really aboutRead MoreThe Effects Of Social Media On Society Essay1644 Words   |  7 Pageseffects of today s social media use be? There are many positive aspects, but there are equally as many dangers that come with the use of sites such as Facebook, Twitter, LinkedIn, Pinterest, Google +, Tumblr, Instagram, gaming sites, and blogs. Social media has both negative and positive effects on society, it is up to the user to decide what impact they want to make. In order to make the right choices, we must dig in and research this topic thoroughly. Recent research has documented how technology, andRead MoreSavoring, Life Satisfaction Happiness3648 Words   |  15 PagesLife Satisfaction Lead to Happiness? Name: xxxxxx Course: xxxx Institution: xxx â€Æ' Abstract In this paper, we focus on some of the ideas that a new field of psychology known as â€Å"positive psychology† is looking into, how amplifying savoring and life satisfaction can improve people’s overall happiness. Bryant and Veroff (2007) found that savoring is a process where people are aware of pleasure and appreciate the positive experience in their life, which increases happiness. We looked at ta total ofRead MoreEvolving Practice Of Nursing And Patient Care Delivery Models1613 Words   |  7 Pagesdelivery models. Nurses’ training, talents, experiences, and professional opportunity make them vital to the execution of these processes. The focus on nursing is evolving and extending just like the nurse’s main role in patients’ wellbeing and welfare. This essay will address how the increasing role of U.S. nurses in an evolving health care framework will be significant in giving quality patient care in the post ACA period. Evolution of Nursing and Patient Care As healthcare modification conveys intricateRead MoreImpulsive Buying and Retail Therapy3493 Words   |  14 PagesTable of Contents S No | Chapters | Page No | 1. | Chapter 1Introduction | 4 | 2. | Chapter 2Review Of Literature | 5 | 3. | Chapter 3Methodology | 6 | 4. | Chapter 4Data Analysis | 7 | 5. | Chapter 5Summary | 13 | 6. | Chapter 6Conclusion | 15 | 7. | Chapter 7Bibliography | 16 | 8. | Chapter 8Appendix | 17 | List of Tables Table N o. | Table name | Page No. | 1. | Demographics of Respondents | 7 | 2. | Modes of Shopping | 8 | 3. | Modes of Payment | 8

Importance of Mother - 3443 Words

The Importance of the Presence of the Mother During the First Three Years Organized by Sheila Kippley (February 28, 2005) Purpose Mothers have told me that they have been influenced by those experts and writers who state that the presence of the mother during the early years is extremely important to their child’s optimal development. This knowledge has helped them to make decisions that enable them to remain with their children or at least cut back on their hours away from their little ones. There are many different views on how to raise children, but this is not the place to have a discussion on parenting issues. Many experts and ordinary persons agree that the mother plays an important role in the development of her child, emotionally,†¦show more content†¦47-48, 172. â€Å"A baby must have a mother, a mother who is mature enough to attend to its needs and provide so-called object constancy for a minimum of three years... The mothering function is one of the most important of all human events but, unfortunately, one of the least appreciated or regarded by society.† Harold Voth, M.D., Medical Times, November 1980. â€Å"Let me once again emphasize that the natural transitions between sexual intercourse, pregnancy, birth, breastfeeding, and early childhood form a cohesive physiological basis for the development of maternal-infant attachment as it gradually progresses from conception to weaning in the second or third year of life. No amount of technology will improve on this biologically determined pattern that was set in place by a personal Creator, nor can anything that is artificially produced fully replace the spiritual significance and the emotional satisfaction that these experiences can produce in a woman’s life.† Debra Evans, Heart Home, p. 133. â€Å"In the first three years of life every human being undergoes yet a second birth, in which he is born as a psychological being possessing selfhood and separate identity. The quality of self an infant achieves in those crucial three years will profoundly affect all of his subsequent existence.†Show MoreRelatedThe Importance Of Mother In Life1459 Words   |  6 PagesCeleste’s, and Veronica felt like she was having an honest to god, out of body experience. She was just somewhere else, high above the corner booth of Ruggierio’s, completely out of earshot of the entire conversation she was having with her not-to-be mother-in-law. â€Å"You want my engagement ring back,† Veronica stuttered the words out, trying to make sense of the whole scene, trying to call herself back from the faraway void she wished she was in. â€Å"You’re asking me for my ring back,† she repeatedRead MoreThe Importance Of Being A Working Mother1052 Words   |  5 Pagescontroversy lies on working mothers mainly due to the growing concerns for the child’s well-being. It is important to see the negative aspects of being a working mother as well as the positive outcomes. First and foremost the term mother must be addressed. In this _____ the term mother will refer to ______. In a study done, the mothers working schedule was evaluated in order to see if it was correlated with the child’s behavior. This study was mainly focused on low income mothers working a non-traditionalRead MoreThe Importance of Child Bond to His Mother1211 Words   |  5 PagesThe primal importance of a child s bond to his mother has always been recognized as a topic that has fascinated people for hundreds of years. Among psychologists and sociologists, there is much debate about exactly how important this attachment is and why. At the turn of the century, the treatment of new-born babies was regarded as having little significance for later life, because babies were thought to be immune to influence. Such idea was attacked by Sigmund Freud. He believed the relationshipRead MoreThe Importance Of A Secure Mother Child Relationship1481 Words   |  6 PagesI strongly believe that a secure mother-child relationship is highly important in the later development of a person. The influence that a mother has on her child can later lead to important aspects needed for life; these may include behavioural/social skills, cognitive abilities, emotion and even on the personality of the child. Not only can a good relationship help nurture these positive characteristics but also prevent later difficulties in life such as trauma. There are two types of attachmentRead MoreImportance Of Routine Procedures On The Mother / Child Relationship Essay2461 Words   |  10 Pages L to importance of the relationship between the mot her and her newborn child is never exaggerated, it is precisely this relationship that arise all other relationships. The research of the past 25 years has shown that the contact between the mother and her newborn baby during the first hours after birth can establish patterns that last a lifetime and are extremely difficult to change later. This raises serious questions about the routine procedures of many maternity hospitals where separationRead Moreâ€Å"the Importance of Mother Tongue-Based Schooling for Educational Quality†1959 Words   |  8 Pagesâ€Å"The Importance of Mother Tongue-Based Schooling for Educational Quality† SOURCE: Commissioned study for EFA Global Monitoring Report 2005 Carol Benson, Ph.D. Centre for Research on Bilingualism Stockholm University 14 April 2004 Part A: Overview While there are many factors involved in delivering quality basic education, language is clearly the key to communication and understanding in the classroom. Many developing countries are characterized by individual as well as societal multilingualismRead MoreThe Importance of Mothers in All Over but the Shoutin’ by Rick Bragg709 Words   |  3 Pageswhat every mother should have through his mother. The only woman that Bragg truly cares for and takes time out of his day is for his mother Margaret Marie. Bragg tries to do the best for his mother and tries his best to make her proud of him. Bragg learned early in life that his mother strived to give her children everything possible. For Mrs. Bragg her children are the reason she wakes up everyday and tries to make a better life for them. No matter what actions or words a mother chooses, toRead MoreRomeo and Juliet - the Nurse Fills the Role of Juliet’s Mother and Friar Laurence Acts as Romeo’s Father. Discuss the Importance of These Characters in Romeo and Juliet. 1023 Words   |  5 PagesThe Nurse fills the role of Juliet’s mother and Friar Laurence acts as Romeo’s father. Discuss the importance of these characters in Romeo and Juliet. In Shakespeare’s marvellous play Romeo and Juliet, we witness an unreal love affair between two teenagers in Fair Verona who are guided by two major characters: the Nurse, and Friar Laurence. Both of these characters each help accompany both Romeo and Juliet in their four day adventure through the ups and downs of one of the most powerful forcesRead More Comparing the Family of Kingsolver’s Bean Trees with the Ideal Family of Socrates1035 Words   |  5 Pageshis parents (457 d). It was Socrates belief that the best atmosphere would be created in a communal upbringing of the citys children. In the same sense, he believed that they should take every precaution to insure that no mother knows her own child (460 c). Not even the mother, the traditional child-rearer, would be permitted to know or have a say in the lives of her own children, but in all of the children as a whole. Likewise, Barbara Kingsolver presents many similar ideas of family in her novelRead MoreJoy Lu ck Club by Amy Tan Essay762 Words   |  4 PagesTraditions, heritage and culture are three of the most important aspects of Chinese culture. Passed down from mother to daughter, these traditions are expected to carry on for years to come. In Amy Tan’s The Joy Luck Club, daughters Waverly, Lena, Rose and June thoughts about their culture are congested by Americanization while on their quests towards self-actualization. Each daughter struggles to find balance between Chinese heritage and American values through marriage and professional careers

Talent Management in DBS Group-Free-Samples-Myassignmenthelp.com

Question: Discuss about the Implementation of the Talent Management in DBS Group. Answer: Introduction Talent management signifies the capability and commitments of the company to recruit the people. According to Church et al. (2016), the talent management process is associated with the method of developing the superior and most talented people in the organisation as per the suitability of the job role. The human resource management is responsible for developing and implementing the talent management program within an organisation (Al Ariss, Cascio and Paauwe 2014). In other words, talent management is compared to one of the most useful business strategies that drive the organisation towards success. The study would discuss the implementation of the talent management in DBS group, which is the renowned banking company in Singapore. The component of talent management will be described in this report. Furthermore, the study will also develop the ideas about the effects of such process on both the organisation and the individuals. Background of the Company DBS Banking Group is one of the leading financial service providers in Asia. Headquarter of DBS Group is in Singapore and eventually the company extended the presence in Southwest Asia, Greater China, and South Asia (Dbs.com 2017). The effective governance policies in the company are committed to protect stakeholders interests. The company is even focusing on promoting the long-term sustainability by improving the corporate governance. It is important to mention that the human resource management of DBS Group is specifically focusing on hiring people on the basis of their talents. The human resource department develops the sense of purpose to provide the beneficial training session and encourage the employees to set the aim higher (Farndale et al. 2014). This approach is the key to build the high performance in this competitive business scenario. The talent management concept has been introduced in this company to provide positive work experience by facilitating the rewards and recog nition and maintaining the work-life balance. The company is looking forward to avail the opportunity of hiring the suitable candidates who will be efficient enough in accomplishing the pre-determined business goals (Dbs.com 2017). The major focus of the company is to develop the digital revolution by embracing the digital technologies like mobile, social, and media services. The human resource management is concentrating on developing the talent management program by providing the relevant training and development sessions to the interns. The study will thus keep the focus on the rationale for developing the talent management process by identifying the key components. Rationale for Talent Management In current times, the enormous development in the banking industry is increasing the competition level. It is notable that the banking industry is profoundly creating effects on the emerging technologies to satisfy the changing demands of the customers (Cerdin and Brewster 2014). The future of DBS Group depends on the business capability of harnessing the digital revolution. In addition to this, the company realizes the needs of re-imagining the role of the bank performance for offering the remarkable customer experience. In order to achieve such goals, the company has listed the strategic priorities that are as follows: The company is ready to embrace the digital world by conquering social media presence, mobile and data use. DBS group is embedding the workforce to develop a positive customer journey. Prioritizing the company value is one of the major focuses of the company to accomplish the determined business goals within the stipulated time (Dbs.com 2017). The human resource management has been playing the most significant role in helping the bank to execute such determined priorities. It has been observed that developing the talent management program is quite beneficial for the company to accomplish such business goals (Cappelli and Keller 2014). Hence, the human resource department has recognized the need to develop this program by identifying the useful components of talent management. The further study will provide the idea about the major components of Talent Management and its impact on organisation as well as the individuals. Components of Talent Management According to Farndale et al. (2014), talent management is a widely concerned aspect that has the linking with the business communication. The human resource department recognizes the four major components related to the conceptual form of talent management. These four components are described further: Attracting The human resource management requires identifying the major capabilities of the company to attract the new talents (Reiche, Mendenhall and Stahl 2016). The job interests arouse when there is the scope of growth in professional life. In DBS Group, the company is developing the talent management program by ensuring the availability of the numerous opportunities to grow in the professional career. The emergence of the advanced technological methods is attractive enough for the candidates to develop their career goals in this reliable and reputed banking firm. Developing The employee motivation and development are the major concerns of the performance management of an organisation (Collings, Scullion and Vaiman 2015). The improvement of the employees skills and efficiency is the most required component for the company. The human resource department is concerned about such requirements and accordingly it has developed the relevant training session for the talented candidates to develop their skills and professional efficiency. Retaining The facilities and job suitability are the major factors that can be helpful enough in retaining the employees (Farndale et al. 2014). Especially, while introducing the new process or develop the technological method in an organisation, the human resource management needs to take the hands-on approach to retain the employees. The DBS Group is developing the talent management program to accomplish the business by engaging the most suitable candidates and retaining them with proper training facilities. Motivation The employee motivation is the major component for ensuring the talent management program by the human resource department (Sawyer 2017). It is the primary job of the HRD to keep the employees engaged and committed towards the organisation by providing the adequate motivational facilities. In DBS Group, the human resource department is much concerned about the employee welfare and engagement purposes. The company is much concerned about maintaining work-life balance, providing the beneficial training session, and meeting the needs of the employees to keep the happy and motivated. Implementation of Talent Management for the Interns The banking industry has been growing fast and the talent management process contributes to such development (Kim et al. 2014). DBS group is promoting the interns by providing the effective training session. In current scenario, the company is focusing on the development of digital revolution. Promoting the mobile marketing, social media development, and effective business communication through digital sources are the major factors to be considered in this program. The interns associated with the bank are following such promotional marketing through digital revolution that can be beneficial for achieving the business goals. Impact of Talent Management on Organisation and Individual The talent management program signifies the development of the digital revolution within DBS Group. The human resource department is concentrating on developing the training session to train the interns about the social media usage for the marketing purposes. The business promotion through telecommunication, mobile marketing, and social data development signifies the improved technological assessment. If the interns receive such opportunity to improve their skills in such digital marketing, it would be beneficial for the bank to generate more talents in future. The company is even focusing on promoting the long-term sustainability by improving the corporate governance (Farndale et al. 2014). It is important to mention that the human resource management of DBS Group is specifically focusing on hiring people on the basis of their talents. In fact, it is necessary to understand the current competition in the business market. Accordingly, the organisation can increase the productivity by engaging the suitable talents in the organisational functionalities. In addition to this, such strategic approach is quite beneficial for the future development and strengthened competitive edge of the company Conclusion Talent management is one of the most suitable strategic approaches that help in securing the competitive edge of the company in current business environment. Being the reputed financial service provider, BDS Group has developed the talent management program to improve the professional and personal skills of the interns. It is to be indicated that the development of the human resource department has recognized the need to develop this program by identifying the useful components of talent management. In DBS Group, the company is developing the talent management program by ensuring the availability of the numerous opportunities to grow in the professional career. The effective governance policies in the company are committed to protect stakeholders interests. The DBS Group is developing the talent management program to accomplish the business by engaging the most suitable candidates. Promoting the mobile marketing, social media development, and effective business communication through digital sources are the major factors to be considered in this program. If the interns receive such opportunity to improve their skills in such digital marketing, it would be beneficial for the bank to generate more talents in future. References Al Ariss, A., Cascio, W.F. and Paauwe, J., 2014. Talent management: Current theories and future research directions.Journal of World Business,49(2), pp.173-179. Cappelli, P. and Keller, J.R., 2014. Talent management: Conceptual approaches and practical challenges.Annu. Rev. Organ. Psychol. Organ. Behav.,1(1), pp.305-331. Cerdin, J.L. and Brewster, C., 2014. Talent management and expatriation: Bridging two streams of research and practice.Journal of World Business,49(2), pp.245-252. Church, A.H., Fleck, C.R., Foster, G.C., Levine, R.C., Lopez, F.J. and Rotolo, C.T., 2016. Does Purpose Matter? The Stability of Personality Assessments in Organization Development and Talent Management Applications Over Time.The Journal of Applied Behavioral Science,52(4), pp.450-481. Collings, D.G., Scullion, H. and Vaiman, V., 2015. Talent management: Progress and prospects. Dbs.com, 2017.About DBS Bank Asias Safest Bank - Singapores Bank of Choice | DBS Bank. [online] Dbs.com. Available at: https://www.dbs.com/about-us/default.page [Accessed 29 Jul. 2017]. Dbs.com, 2017.Careers at DBS | DBS Bank. [online] Dbs.com. Available at: https://www.dbs.com/careers/default.page [Accessed 29 Jul. 2017]. Farndale, E., Pai, A., Sparrow, P. and Scullion, H., 2014. Balancing individual and organizational goals in global talent management: A mutual-benefits perspective.Journal of World Business,49(2), pp.204-214. Farndale, E., Pai, A., Sparrow, P. and Scullion, H., 2014. Balancing individual and organizational goals in global talent management: A mutual-benefits perspective.Journal of World Business,49(2), pp.204-214. Kim, Y., Williams, R., Rothwell, W.J. and Penaloza, P., 2014. A strategic model for technical talent management: A model based on a qualitative case study.Performance Improvement Quarterly,26(4), pp.93-121. Reiche, B.S., Mendenhall, M.E. and Stahl, G.K. eds., 2016.Readings and cases in international human resource management. Taylor Francis. Sawyer, K., 2017. Keeping It Real: The Impact of HRD Internships on the Development of HRD Professionals.Advances in Developing Human Resources,19(2), pp.176-189

What is meant by fiscal policy

Economy is the sum total economic resources of a certain region which enable it to provide services and goods to its inhabitants. These resources may include: infrastructure, land, trade, labor, manufactured goods, capital, and medicine among others. Global Economy thus can be seen as the sum total of the world human and physical resources that enhance survival of its inhabitants.Advertising We will write a custom essay sample on What is meant by fiscal policy? specifically for you for only $16.05 $11/page Learn More In this century every country in the continent has seen an economic recession which basically affects the livelihoods of the people for instance increased food prices. This is one the reasons why countries develop policies that may enable them improve their economy. Policies such as fiscal policy, sustainable food production, green cities and sustainable housing for city dwellers have been developed. Michl (54) defines Fiscal policy as, â₠¬Å"the use of government expenditure and revenue collection (taxation) to influence the economy.† According to Dwivedi instruments of fiscal policy include the following, â€Å"Surplus budgeting, Government expenditure, Taxation, and Public borrowing (602). These instruments may have different effects on the economy.† For instance, surplus budgeting means reducing the government expenditure slightly below the revenue thus creating surplus. On the other hand government expenditure is the allocation of revenue to various areas of the economy for example education and health. Taxation is the collection of money from the citizens directly or indirectly in which they don’t expect direct returns and public borrowing is borrowing in the form of loans either from the public or external sources. The above instruments are adjusted in order to create a desired effect on the economy; as an illustration if the government increases expenditure in infrastructure development it expects that in the long run it will attract investors which in return create jobs and revenue in form of taxation. Depending on the economic state of a nation, the policy makers adjust each of the fiscal policy instruments so as to focus on the desired outcome. How fiscal policy can be used to aggregate demand An expansionary fiscal policy tends to increase the amount of liquid income that citizens have hence improving the purchasing power which implies more money will be disposed to the economy. According to Reuters (4), â€Å"The aggregate demand will increase and thus reduce the deflation gap which may be caused by growth or unemployment.† The figure below shows a the effect of fiscal policy on aggregate demand;Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Aggregate demand is dictated by investors and consumers of such goods and services from the investments. This means that the fiscal policy adopted mainly tends to increase the desire for investors to invest and the available market to have the power to purchase. Fiscal policy has a short term positive effect but on the long term if it is not checked it may cause undesired effects. How effective is the fiscal policy? Is a question that needs to be carefully studied if economies will have to continue using this policy as a measure to react to economic recession. Thomas R. Michl (81) notes that, â€Å"fiscal policy were unlikely to succeed in combating unemployment because the jobs gained through the government spending would be cancelled out by jobs lost in the investment goods industries by crowding out.† Thus fiscal policy may not be the best tool to use when economic recession is caused by natural economic factors. It is rather better to let the factors that contribute to the economy to regulate themselves naturally. For example, consumption may be affected by inflation by making consumers avo id unnecessary purchases and the desire to create more wealth thus having a positive effect on both investment and consumption which are the key instruments on aggregate demand. Furthermore, increasing taxation may not affect consumption because the goods in which taxation may be imposed may be a necessity whose consumption must remain the same. For example increasing the cost of transportation may not be affected by taxation as much because it is a necessity in wealth creation. Another undesired effect arises from the increase in government spending without increasing taxes; this might lead to a recession and undesired deflationary gap. Australian budget The following is the fiscal policy stance of the Australian government for the financial year 2010-2011. According to Australian Government Website, â€Å"The Australian government budget website describes the government’s fiscal stance to comprise of: achievable budget surpluses, on average, over the medium term, keep taxa tion as a share of GDP below the level for 2007-08 (23.5 per cent of GDP), on average, and improve the Government’s net financial worth over the medium term.† According to Marc (55), â€Å"The government will further allow the tax receipts to recover naturally as the economy improves and hold growth in spending to 2 percent a year until the budget returns to surplus.†Advertising We will write a custom essay sample on What is meant by fiscal policy? specifically for you for only $16.05 $11/page Learn More The government puts into consideration any physical calamities that may occur so as to mitigate its effects on the budget as fast as possible. The table below shows budget aggregates and their projections. According to a research done by the Melbourne Institute the Australian (8), â€Å"Inflation pressure is rising.† The report indicates that ‘inflation rates increased from 3.2 percent to 4.5 percent in the months of Ma rch and April respectively.’ As an assertion to the research report, Michael Chua, a research fellow at the Melbourne Institute said, â€Å"This month’s report indicates inflation pressure is mounting after a relatively stable period.† (8) This implies that the fiscal stance may have not been achieved as much in terms of inflation control. Australian inflationary measures The Australian high dollar rate has seen the mining industry gain whereas other areas of the economy like tourism and local imports have been affected negatively. Thus inflation has been experienced. The government though optimistic, has fears of the return of economic recession in America and the Europe. The current inflation pressures on the Australian government can be mitigated by disaster preparedness as one of the major effects of inflation. The Australian consumer is also expected to reduce expenditure so as to create a balance thus combat inflation. The Reserve Bank of Australia (9) sai d that, â€Å"It remained concerned about the outlook for domestic inflation and said it was too soon to know if demand would soften enough to restrain price pressures over time.† It also expressed its fears on the ‘unsettled global financial markets.’ The Australian government put in place a fiscal policy for the financial year 2010-2011; was the policy the most appropriate? According to the Australian, â€Å"these fiscal rules mean we are on track to return the budget to surplus.† The country expected to go back on track and achieve a 2 percent surplus on its budget. So far the government can only brag about a 1 percent surplus. This means that despite the government not hitting on its minimum target, it has brought back a surplus budget after the global economic recession.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The gains made are attributed to the tough spending measures the government imposed in its fiscal policy. The government further intends to retain the strict measures, which it argues will help it deliver a surplus within three years of the deficit peaking as a share of the economy. It further argues that this will be a smaller duration as compared to the four years it used in the 1980’s. Overall, the economy has improved slightly which may be attributed to the strong Australian dollar which has improved revenue from the mining industry. Michl (66) argues that â€Å"High interest rates discouraged the consumers from borrowing consequently less expenditures.† In one way or the other the government has achieved its goals; however, there are no air tight policies. The negative effects are the failure to mitigate inflation which is a major dissatisfaction on the citizens. In conclusion, fiscal policy is the control of government expenditures against taxation. There are fou r major instruments for implementing fiscal policy that include the following according to Michl (5), â€Å"Surplus budgeting, Government expenditure, Taxation, and Public borrowing.† Each of these instruments can be controlled in a particular way so as to achieve the expected results. The government would reduce tax rate thus it will enhance compliance and collect more taxes, increase the lending rate thus reduce purchasing power, reduce government expenditure which may cause unemployment or reduce public borrowing hence reducing the national debt margin. The fiscal policy adapted by the Australian government seems to have worked mainly through the stringent rules imposed on the stimulus package. Works Cited Australian Government Website. budget.gov.au, 2010. Web. Australian Government Website, Geoffrey. Business with The Wall Street Journal. theaustralian.com.au/business, 2011. Retrieved Dwivedi, D N. Macroeconomics: Theory and Practice. New Delhi: Tata McGraw Hill, 2010. P rint. Marc, Robinson. Medium Term Fiscal Policy Issues and Challenges in Australia, Melbourne: Queensland U of T, 2001. Print Michl, Thomas R. Macroeconomic Theory: a Short Course. New York: M. E. Sharpe, 2002. Print. Reuters, CNBC First in Business World Wide. cnbc.com, 2011. Web. 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