Key insights and practical lessons of Wal-Mart Essay

Key experiences and down to earth exercises of Wal-Mart - Essay Example The organization runs the biggest market in United States of America, and in 2009, over 51% of its business incomes in United States of America originated from its supermarkets (Roberts and Bergs, 2012). This income added up to 258 billion United States dollars. The organization has a nearness in North America, working a retail stockroom business. The organization has an estimated number of 8500 stores in 15 distinct nations. In these 15 nations, the organization has distinctive brand names. For example, in United States of America, the organization works under the brand name of Wal-Mart. In Mexico, the organization works under the brand name of Walmex, while in India; the organization works under the brand name of Best Price (Roberts and Bergs, 2012). The organization likewise has retail locations in Japan, Argentina, South Africa, China and the United Kingdom. Notwithstanding its triumphs, the organization doesn't have tasks in East Africa, and specifically Kenya. Kenya has the mos t predominant economy in East Africa, and it has a quickly developing retail advertise inside the area (Agwuele, 2012). It additionally has an open financial framework, which is helpful in pulling in Foreign Direct Investments in the nation. It has a standout amongst other work power in Africa, and great foundations, for example, a detailed street arrange, and effective flexibly of vitality (Agwuele, 2012). On this premise, the nation is a decent goal for the passage of the business inside the area. Regardless of its triumphs, the organization doesn't have tasks.

The Screwtape Letters - Types of Love Essay -- Religion, C.S. Lewis

While going to Oxford University, C.S. Lewis went from being a skeptic to a famous Christian. Lewis contacted an immense crowd with his various books (around at least thirty) including The Screwtape Letters, Mere Christianity, and The Four Loves. He brought dream and diversion into his composition alongside slight to booming bits of religious philosophy woven through his accounts and books. This made Lewis one of the most persuasive Christian journalists of the twentieth century. One of the better known books from C.S. Lewis is The Screwtape Letters. The Screwtape Letters is a fiction book involved thirty-one letters from Screwtape, a senior flirt and head in a division in Hell, to his nephew who is an amateur seducer Wormwood. These letters are nitty gritty guidelines on the best way to cause Wormwood’s patient to tumble from the Christian life. Screwtape, in the entirety of his evil knowledge, pin focuses certain tribulations that all people face and gives a villain sided view to the human reactions. The book is fiction, yet can be contemplated on account of the otherworldly exercises that are conversely instructed all through the letters. In The Screwtape Letters, C.S. Lewis tends to a situation on adoration that is only here and there heard, yet all around felt. Screwtape makes an understood differentiation between his optimal of affection and genuine romance. On the off chance that we take what Screwtape thinks love is, and turn around the educating totally, all that is left is the adoration that God favors of. The most flawless and generally looked for after adoration is God’s. Love has been separated by C.S. Lewis into five different ways. One way, instructed in The Screwtape Letters is â€Å"being in love†. The other four different ways is instructed through The Four Loves: Affection, companionship (philia), sentimental love (eros), and Agape love. Understanding the contrast between the lo... ...final resting place of your self-centeredness. In any case, in that casketâ€safe, dull, unmoving, airlessâ€it will change. It won't be broken; it will get unbreakable, impervious, and irredeemable. The option in contrast to catastrophe, or if nothing else to the danger of disaster, is condemnation. The main spot outside Heaven where you can be impeccably protected from all the risks and irritations of adoration is Hell. (6) Works Cited Collins, Harper. C.S. Lewis Classics. Harper Collins Publishers. Walk 10, 2010 . Lahti, David. Lewis, C. S. The Four Loves . 11 March 2010 . Lewis, C.S,. The Screwtape Letters. New York: Simon and Schuster Inc., 1996. Rayment, W.J.. Rundown of the Screwtape Letters. Book of scriptures Study Resource Center. Walk 10, 2010 . The Screwtape Letters - Types of Love Essay - Religion, C.S. Lewis While going to Oxford University, C.S. Lewis went from being a skeptic to an eminent Christian. Lewis contacted a tremendous crowd with his various books (around at least thirty) including The Screwtape Letters, Mere Christianity, and The Four Loves. He brought dream and amusement into his composition alongside slight to loud bits of religious philosophy woven through his accounts and books. This made Lewis one of the most persuasive Christian journalists of the twentieth century. One of the better known books from C.S. Lewis is The Screwtape Letters. The Screwtape Letters is a fiction book included thirty-one letters from Screwtape, a senior flirt and head in an office in Hell, to his nephew who is a beginner seducer Wormwood. These letters are definite guidelines on the most proficient method to cause Wormwood’s patient to tumble from the Christian life. Screwtape, in the entirety of his mischievous insight, pin focuses certain tribulations that all people face and gives a fallen angel sided view to the human reactions. The book is fiction, yet can be examined in view of the profound exercises that are contrarily educated all through the letters. In The Screwtape Letters, C.S. Lewis tends to a situation on affection that is only from time to time heard, yet all around felt. Screwtape makes an extremely understood qualification between his optimal of affection and genuine romance. In the event that we take what Screwtape thinks love is, and invert the educating totally, all that is left is the adoration that God affirms of. The most perfect and generally looked for after adoration is God’s. Love has been separated by C.S. Lewis into five different ways. One way, educated in The Screwtape Letters is â€Å"being in love†. The other four different ways is instructed through The Four Loves: Affection, kinship (philia), sentimental love (eros), and Agape love. Understanding the distinction between the lo... ...casket of your narrow-mindedness. However, in that casketâ€safe, dull, unmoving, airlessâ€it will change. It won't be broken; it will get unbreakable, impervious, and irredeemable. The option in contrast to disaster, or if nothing else to the danger of catastrophe, is punishment. The main spot outside Heaven where you can be consummately protected from all the risks and annoyances of adoration is Hell. (6) Works Cited Collins, Harper. C.S. Lewis Classics. Harper Collins Publishers. Walk 10, 2010 . Lahti, David. Lewis, C. S. The Four Loves . 11 March 2010 . Lewis, C.S,. The Screwtape Letters. New York: Simon and Schuster Inc., 1996. Rayment, W.J.. Summation of the Screwtape Letters. Book of scriptures Study Resource Center. Walk 10, 2010 .

How Sociopaths Are Different from Psychopaths

How Sociopaths Are Different from Psychopaths Theories Personality Psychology Print How Sociopaths Are Different from Psychopaths Both are forms of antisocial personality disorder By Marcia Purse Marcia Purse is a mental health writer and bipolar disorder advocate who brings strong research skills and personal experiences to her writing. Learn about our editorial policy Marcia Purse Medically reviewed by Medically reviewed by Steven Gans, MD on August 05, 2016 Steven Gans, MD is board-certified in psychiatry and is an active supervisor, teacher, and mentor at Massachusetts General Hospital. Learn about our Medical Review Board Steven Gans, MD Updated on August 16, 2019 More in Theories Personality Psychology Myers-Briggs Type Indicator Behavioral Psychology Cognitive Psychology Developmental Psychology Social Psychology Biological Psychology Psychosocial Psychology In This Article Table of Contents Expand Overview Nature or Nurture? Violence Diagnosis Differences View All Back To Top Sociopath is a term people use, often arbitrarily, to describe someone who is apparently without conscience. In most cases, its a description blithely tossed out to label a person as being either hateful or hate-worthy.  The same applies to the term psychopath which to many people suggests a sociopath who is simply more dangerous, like a mass murderer. Both of these are not only inaccurate descriptions but troublesome ones. Overview From a clinical perspective, people who are sociopathic or psychopathic are those who exhibit the characteristics of antisocial personality disorder (APD), typified by the pervasive disregard of the rights and/or feelings of others. Sociopathy and psychopathy are considered to be two types of APD. While psychopaths are classified as people with little or no conscience, sociopaths do have a limited, albeit weak, ability to feel empathy and remorse. While psychopaths can and do follow social conventions when it suits their needs, sociopaths are more likely to fly off the handle and react violently whenever theyre confronted by the consequences of their actions. Willem H.J. Martens argues in his infamous article The Hidden Suffering of the Psychopath that psychopaths do at times suffer from emotional pain and loneliness. Most have lead hurt-filled lives and have an inability to trust people, but like every human being on the planet, they, too, want to be loved and accepted. However, their own behavior makes this extremely difficult, if not impossible, and most are aware of this. Some feel saddened by the actions they are unable to control because they know it isolates them from others even more. Nature or Nurture? There are some who say that sociopaths are made and psychopaths are born, but this characterization may be too far broad. While it is true that psychopathy is believed to have genetic components (perhaps caused by the underdevelopment of the parts of the brain that regulate emotion and impulsiveness), there are clearly other factors that contribute to the behavioral disorder. A well-regarded study into psychopathy suggested that psychopaths often have a history of an unstable family life and/or were raised in poorer neighborhoods prone to violence. Many have had parents who were substance abusers and who failed to provide parental guidance or attention. This typically translates to unstable and failed relationships in adulthood and a fixated sense that you have been robbed of opportunities and advantages afforded to everyone else. Sociopathy also tends to be associated with harmful childhood experiences, including sexual abuse, physical violence, or parental instability. Sociopaths have a conscience, albeit a weak one, and will often justify something they know to be wrong. By contrast, psychopaths will believe that their actions are justified and feel no remorse for any harm done. This differentiation may suggest that nature plays more of a role in the creation of a psychopath than a sociopath. This is supported in part by a 2014 review of studies in which as many as a third of people diagnosed with sociopathy essentially give up their antisocial behavior in later life and development well-adjusted relationships. Violence While its common to think of sociopaths and psychopaths as being inherently dangerous, this is more a construct of a TV drama than a true reflection of the disorder. Violence, while certainly possible, is not an inherent characteristic of either sociopathy or psychopathy. With that being said, people with APD will often go to extraordinary lengths to manipulate others, whether it be to  charm, disarm, or frighten them, in order to get what they want. When psychopaths do become violent, as in the case of Jeffrey Dahmer, theyre just as likely to hurt themselves as others. Martens notes that the more a psychopath feels socially isolated, sad, and alone, the higher his or her risk for violence and impulsive and/or reckless behavior. Diagnosis The Diagnostic and Statistical Manual of Mental Disorders (DSM) classifies APD by a range of  personality and behavioral traits  that describe how a person functions, how he or she relates to others, and how those beliefs express themselves by actions. Self-functioning characteristics are those that reflect what a person is like and how that person views his or her actions or goals. In order to be diagnosed with APD, you must exhibit all of the following characteristics: Egocentricity or self-centerednessAttaining self-esteem from power, personal gain, or pleasureSetting goals based on personal gratification with little regard to law or ethics Interpersonal characteristics are those that describe how a person interacts with others in general. You must also exhibit these traits to be diagnosed with APD: A lack of  empathy  for other peoples suffering or hurt or when confronted with the hurt or anger of people they have manipulatedThe inability to have a truly mutually emotionally intimate relationship because of the instinct to control (by dominance or intimidation), coerce, or deceive Behavioral characteristics  complete the clinical diagnosis by describing the route a person will take to either control, coerce, or deceive, such as: The emotional manipulation of othersâ€"for example, pretending to be interested in someone simply to achieve a goalLying as a means to gain social entry or advantage, such as proclaiming yourself a decorated war hero when you have never servedReacting with callousness, aggression, remorselessness, or even sadism when confronted by the fallout of your actionsPersistent anger or irritability, even over small things, as well as mean, spiteful behaviorA strong tendency to disregard commitments, promises, and agreements, including financial onesMaking decisions on the spur of the moment with little regard to consequence if an immediate goal is to be achievedDifficulty in making plans, preferring to believe youre able to nimbly navigate problems as they appearRisk taking, becoming easily bored, and an ability to ignore personal boundaries and justify even the most outrageous of actions It is not uncommon for someone with APD to be in repeated fights or assaults. How to Spot a Narcissistic Sociopath Sociopath  and Psychopath Differences While the terms are often used interchangeably, sociopathy and psychopathy have clear  lines of distinction that can be broadly described. Sociopath Make it clear they do not care how others feels Behave in hot-headed and impulsive ways Prone to fits of anger and rage Recognize what they are doing but rationalize their behavior Cannot maintain a regular work and family life Can form emotional attachments, but it is difficult Psychopath Pretend to care Display cold-hearted behavior Fail to recognize other peoples distress Have relationships that are shallow and fake Maintain a normal life as a cover for criminal activity Fail to form genuine emotional attachments May love people in their own way

Analysis Of The Movie Basterds - 1920 Words

Inglorious Basterds is Quentin Tarantino’s sixth film in his discography and is in many aspects, the perfect culmination of what makes a Tarantino film a Tarantino film. From the deep cultural references in the dialogue to the unforgivingly in your face, some may even say offensive, violence throughout, there’s no mistaking who’s eyes you’re seeing the world through. Although it misses on some key points such as pacing and historical accuracy, Inglorious Basterds’ depth of characters, use of language, and unpredictability more than make up for its shortcomings. As someone who has seen all eight Tarantino films, and most multiple times, it is safe to say that Inglorious Basterds is a solid and memorable addition to the Tarantino filmography. Inglorious Basterds takes place in Nazi Occupied France in 1941. For most of the movie, we follow two main characters: American Lt. Aldo Raine and Austrian born Col. Hans Landa. Brad Pitt plays Lt. Raine, a man w hose mission is simple: terrorize Germans and take revenge on the Nazi’s for their treatment of Jews around the world. Along with his army of eight Jewish soldiers, known as the â€Å"Basterds,† Raine leads an Apache resistance throughout France. If Raine is our lead protagonist, Hans â€Å"The Jew Hunter† Landa is our lead antagonist. Landa, played by Christoph Waltz, is one of Hitler’s greatest tools to find Jews. As the story plays out, each man’s reputation grows bigger until finally, their paths cross at a Nazi propaganda filmShow MoreRelatedAnalysis Of The Movie Basterds 1892 Words   |  8 PagesInglorious Basterds is the sixth of eight films in Quentin Tarantino’s filmography and is in many aspects, the perfect culmination of what makes a Tarantino film a Tarantino film. From the deep cultural references in the dialogue to the unforgivingly in your face, some have even said offensive, violence throughout, there’s no mistakin g who’s eyes you’re observing the world through. Although it misses on key points such as pacing and leaves several questions left to assumption, Inglorious Basterds’ character-drivenRead MoreAnalysis of the Movie Inglorious Basterds by Quentin Taratino1525 Words   |  7 Pagesrather than the history buff. Inglorious Basterds, by Quentin Taratino, take very liberal liberty with a history story, and creates a story that will sell to the crowd. This may seem dubious, but it is often not such a bad thing. Hollywood can take a story that may have one connotation, may it be serious or dreary, and turn it into something that evokes different emotions, will still addressing historical issues or topics. Taratino chooses to film a movie of this type because of the way he can portrayRead MoreHorror Of Jewish Revenge On The Nazis Essay2369 Words   |  10 PagesIn Quentin Tarantino’s film Inglourious Basterds (US, 2009), the fantasy of Jewish revenge on the Nazis is demonstrated through reciprocal brutality. Due to the mass murder of about six million Jewish Europeans during the Holocaust, Jews in cinema and television are often depicted as unfortunate and defenseless victims, while Nazis are portrayed as evil and heartless subjugators. However, in this fictional story, a reverse scenario is illustrated. Through the cinematic techniques of close ups andRead MoreThe Battle Of Algiers ( A Reenactment Of Algeria s Fight For Independence1328 Words   |  6 PagesAn imperative aspect of art is that it is open to interpretation and analysis. If the piece of art is significant, it will be thought or emotion provoking and uncensored. It is not the role of art take cautious steps in an attempt to leave its audience unoffended, but rather to embrace diversity of thought and creativity to portray untainted ideas. Filmmaking—being a form of art—follows the same guidelines and thus shapes society through its objectionable and often jarrin g subject matter. The BattleRead MoreFilm Scene Analysis: The Crazy 88s from Kill Bill Vol 11376 Words   |  5 PagesFilm Scene Analysis: The Crazy 88s from Kill Bill, Vol. 1 Quentin Tarantinos Kill Bill, Vol. 1 (2003) is a unique blend of martial arts and revenge. Through his unique postmodern style, Tarantino is able to tell the story of a woman, The Bride, who sets out on a mission for revenge against the Deadly Viper Squad and Bill, their leader, after they ambush her at her wedding, subsequently attacking and killing her wedding party and leaving her for dead. In Kill Bill, Vol. 1 (2003), Tarantino usesRead MoreQui Tam Actions Seminar Paper5679 Words   |  23 PagesUS, would take a deal with someone, and let’s call him Whistle, where Whistle could provide US with information that would entitle US to a return of $100 that was fraudulently taken from US for a $22 cut. To quote Lt. Aldo Raine (from the movie Inglourious Basterds), â€Å"I’d make that deal†. Though I’m no mathematician, I’m sure there’s a way to quantify the value of a whistleblower’s information to a successful action. In the case of Ms. Eckard, I would likely argue that 22% may be a little on the

Self Reflection Essay Outline - What Is It?

Self Reflection Essay Outline - What Is It? Throughout your reflection, you should earn a case for the way the experience has stimulated your private growth. For instance, you may speak about the way in which the wisdom and experiences you gained will be helpful in future classes, jobs, relationships and other facets of your life. You just have to share an experience. A number of the positive experiences in my personal life were graduating from college, being promoted on the job and for the very first time in my life buying a house. It is an impossible task to receive it done if I don't use all my discipline to continue to keep my ass in one location for a number of hours and just continue writing without distractions. She was among those who are work oriented. Writing is now part of my routine which I am looking forward to. When we don't learn we cannot get the job done effectively, thinking about our skill and the way to improve it, is what's termed as self-reflection. Keep the principal theme you stated in your introduction in mind while you write. Everyone goes through stages where they just have zero idea what they wish to be when they grow up, fortunately, due to the StrengthsQuest activity, it is a bit easier for me to find I was born to teach. Her idea proved to be a financial literacy eLearning platform named MeVest. The thought of naming someone is an intriguing notion. It's possible to browse the web looking for a self-reflective essay sample. To structure an essay, you must simply comply with the aforementioned format. The simplest approach to specify the form of an essay is to realize the writer's point of view. If you were faced with writing a reflective essay for the very first time, it would be of wonderful use to become familiar with the characteristics of this sort of paper so you would know what things to include in it. You want to understand how to compose an effective essay as it is a typical foundation for a student's grade. Students have to compose essays based on the teacher's instructions or their preferred style in writing. Therefore, many students and employees decide to acquire low-cost essay rather than writing it themselves. Reading samples of response papers is also an additional way by which you can easily discover how to compose a reaction paper to documentary. On the flip side, writing in English isn't a something that you can develop as an avocation. On the finished part, you may also compare the documentary with others in the exact same genre or subject in order to create readers have more thorough understanding of the review. Set the maximum priority to your tutors requirements and remember a reflective writing example essay from this website is just one approach in academic writing. A Secret Weapon for Self Reflection Essay Outline I'm also fairly confident I'm a terrible listener and generally won't adhere to the Universe's direction unless there aren't any other choices. She realizes that she's the embodiment of love. With teachings like the Four Noble Truths and the Eightfold Path, folks can start to find out what truly matters in their very own daily lives. This rational wasn't unfou nded. The effect of this surrealism is extremely potent and deep. Therefore, it's always recommended that you watch the documentary more often than once as a way to properly digest it and know what it is about. The revised draft was far much superior than the initial draft, with a great stream of ideas. How to compose a reflection paper.

Movie Rental Industry Free Essays

Movie Rental Industry Netflix and Blockbuster Case Analysis Lydia Floyd Strategic Management MGT422 February 28, 2013 Introduction Netflix competitive strategy In order for Netflix to understand were the business lies as it relates to the competition it is important to seek the correct strategy in order to be and stay competitive. The five competitive strategies are * Low- Cost * Broad Differentiation * Best-Cost * Focused niche based on low cost * Focused niche based on differentiation Since each strategy requires totally a different approached my recommendations will be based on focused niche based on differentiation. Netflix originally offered DVD’s on a fee per DVD basis and eventually branched off into the monthly subscription service business. We will write a custom essay sample on Movie Rental Industry or any similar topic only for you Order Now The company at one point was forecasted to have over 11. 3 million subscribers by 2009 and 8 million VOD (Video on Demand) customers by 2013. (See Exhibit 1) This exhibit basically shows how the number of video streaming choices has increased over the past several years. So the company is moving in the right direction as far as broaden their differentiation strategy. The next exhibit shows how Netflix compares to the its main competition and how the company’s net profit margin exceeds a competitor like Blockbuster. The attached SWOT analysis for Netflix mentions some very important points that are associated with a focused differentiation strategy. The company is staying committed to how to service the niche better than the competition and speaks to the areas that appeal to specific customers such as offering services that allow subscribers to go back to pilot episodes of a television series. This analysis will allow the company to identify areas to concentrate on strategically and to make a final diagnosis to where the company stands overall. Strengths * Increasing competition per member viewing is on the * Customers’ opting out is the lowest it has ever been. * Clearest brand identity â€Å"Watch TV shows movies anytime, anywhere† * Netflix has surpassed the competitions in improving personalization of customer choices because of large membership base * Price $7. 99 per month * Exclusive Content: Of Netflix’s top ten TV shows, six are only on Netflix, and not available with competitors. Netflix’s DVD subscription service is extremely profitable, with contribution margins around 50%. * Services allow customers to go all the way back to the beginning of the first season for TV shows Weaknesses * DVD subscriptions are down 8. 47 million subscribers in Q3, 2012 compared to 13. 81 million subscribers 1 year ago. * Brand suffered when the company changed the pricing * It could take three years for a full brand recovery in order to see noticeable difference to profit margins * Streaming subscription contribution margins are much Opportunities International expansion (global) * Original productions offer a way for the company to connect with customer emotions. Company will be offering 4 TV series this year that will only be on Netflix * Lack of use of debit and credit cards – Latin America. * Internet TV. Threats * As Hastings pointed out, â€Å"With big markets comes competition† – There is a clear transition from linear TV to Internet TV and competitors want in on the profits. * Contracts with Disney, Sony, and Universal * Hulu, offers its customers TV shows immediately after they are aired for the first time. Hulu, Amazon, and HBO competitors making more investments in streaming options * United Kingdom is a very competitive â€Å"The sought after competitive advantage over other movie rental competito rs was to deliver compelling customer value and customer satisfaction by eliminating the hassle involved in choosing rent and returning movies. Grow forward the company has 2 primary strategic objective 1 to continue to grow a large DVD subscription business and to expand rapidly to internet based delivery of content as that market segment developed. (Case page c-102) The company’s revenue has continued to grow substantially over that last couple of years. The next exhibits show the financial position from the end of 2006 to end of 2008 going from 996,660 to 1,364,661 with the net income margin being at 6. 1% by 2008 which shows the company profitability as it relates to expenses and liabilities. The next two slides just give a visual for where Netflix compares to blockbuster as it relates to sales thru 2010 Reference Page Thompson , A. University of Alabama 2008 Case 5 Competition in the Movie Rental Industry in 2008: Neflix and Blockbuster battle for market leadership http://beta. fool. com/danielsparks/2012/10/31/netflix-swot-analysis/15522/ http://www. slideshare. net/only1kiku/techindnetflix Gamble, John E. , Strickland, A. J. , Thompson, Arthur A. , 2010 Crafting and Executing Strategy McGraw Hill/ Irwin New York New York http://finance. yahoo. com/q? s=NFLXql=1 How to cite Movie Rental Industry, Essay examples

Understanding Business Environment

Business environment refers to factors, both internal and external, that affect the operations of a business. These factors may include clients, competitors, owners and suppliers. A part from communication, ethnic background, gender and age, business environment covers the multigenerational workforce for quality performance in the business world.Advertising We will write a custom essay sample on Understanding Business Environment specifically for you for only $16.05 $11/page Learn More Workforce revolutionizes with age due to the beliefs and sets of values bestowed in different communities. To create a friendly working environment, one should understand and collaborate with organizations in order to create a room for solving problems. Understanding the work productivity between different generations should continue as it will help future organizations to influence more workforces to be multi-generational in nature. The organization should improve talents , competition and enhance productivity in the businesses. Additionally, the business organizations have to note what keeps the customers and extend to leadership. A multigenerational workforce is that which comprises of different age set-ups. It inculcates different human resources with vast age difference. This workforce has different generations namely, generation X and Y, the old and the young. The aged have immeasurable experience on how to run a business to realize recommendable growth. This category of employees has wealth of knowledge on how to manage all the business activities (Swastika 2012). For example, if tasked with managerial duties, they will ensure success in business operations by meeting all stakeholders’ needs. On the other hand, generation Y, the youthful employees that fall below age 35 are always innovative and creative in their thoughts. They always like to see businesses trying to apply different management and production techniques in their operation s (Opportunities and Challenges of a Multi-Generation n.d.). Clearly, these different alternatives will enable businesses to be up-to-date with the constantly changing technology hence maintaining or increasing customers’ satisfaction. In this scenario, the business will attract and maintain new customers’ thereby recording high productivity. As a result, the business will gain competitive advantage over its competitors in the market. This mixed workforce has different skills that if businesses tap can easily leads to high profitability (Buahene 2012).Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More A multigenerational workforce increases productivity in the business environment but it contributes to conflicts. The old generation are always resistant to accepting changes in the business environment while the young employees are always on the contrary (The Multigenerational Wor kplace 2011). Moreover, in such business environments, there are always delayed recognitions in terms of promotion as the aged population occupies the higher positions. Additionally, it causes a major market failure due to a destructive outsourcing strategy. This twists the age profile of any organizational pyramid. To prevent these organizations should become more diverse than before to overcome the issue. Multigenerational workforce can cause attrition to high potential talent, poor relationship at work minimising engagement and stress due to of generational diversity. According to Conference Board Economic Outlook of India, businesses have to change both the social and economic factors by 2020; this is due to the rapid economic growth (Engaging the Multi-generational Workforce – Wellness, Benefits Compensation n.d.). For instance, Japan will prefer to do business with India since the average age of the multinational subsidiaries and global coverage in India are about 24 t o 55 years. This is an indicator that the majority of this generation consists of energetic people where workforce is certainly high. Organizational leaders in India have to think innovatively to maintain the workforce in their business sectors. Most developing countries has studied the multi-generational diversity and classified them as generation X and generation Y. At workplaces, people come up with deeply rooted cultural experiences based on where they come from; this may bring a negative or positive attitude. For instance, in India, people value good relationship and respect for age is mandatory especially to the seniors. Multigenerational has created a gap especially in India as 24 to 55 years of age are the majority workforce. In addition, human resource does not come from managing multi-generational diversity since they strategise in craft, support, development and training. Therefore, an atmosphere of diversity must be on every individual in an organization. Moreover, emplo yers and employees should engrain diversity in their workplace to understand generational groups (North 2009).Advertising We will write a custom essay sample on Understanding Business Environment specifically for you for only $16.05 $11/page Learn More To sustain their organization in the long term, they have to take advantage of the attitudes, values and behaviours at work thereby building possible leadership strength and developing their talents for growth and sustainability of the organization. Notably, in the health sector, multigenerational workforce has caused shortages of nurses. With ageing nurses who retire and go home with their knowledge and skills, increased recruitment to maintain the number of nurses is conducted. At the same time, a demand for nursing care will be needed to take care of the ageing population. These two factors should be given strong emphasis to maintain the number of nurses and service provision. To overcome the challenge , nursing leaders and managers should find out what drive, motivate, and deter nurses from a different generation (O’Brien n.d.). On the other hand, governments have to employ and retain nurses and establish a climate that favours nurses. Therefore, leaders should engage them with each of the generational groups in finding amicable solutions. In the US, in a workplace, four generations share the same professional work. Human Resource leaders are forced to modify the working environment that favours the multiple age group; each with an exclusive view. This is compulsory as each group has to be comfortable and improve engagement between the two groups. In 2008, a comprehensive study showed that 1,500 Baby Boomers and generation X are not able-bodied in satisfaction. Satisfaction organization has a duty to influence satisfaction in every working environment; a study revealed using the employees’ survey data. According to this survey, organizations are competent in improvi ng the retention rates and employees’ satisfaction when they discover factors influencing their perception of the organization (Impact of ageing in the workplace 2011). Another study carried by a health care organization to get job satisfiers showed that co-workers, employees and satisfaction did not vary by generation.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 management should engage generation X employees in everything they do and teach this generation on how to amass experience and skills that will enable them serve employees who are Baby Boomers. On the other hand, the Baby Boomers employees should be trained on how to deal with the employees of Generation X (Acas predicts ageing population will have far-reaching impact on the workplace 2011). The research further revealed that the generation X tends to be contented in a business environment where freedom and employee independence are guaranteed. Additionally, these employees’ perceptions towards the business environment affect their level of satisfaction. Baby Boomers had lower perception to the business environment than the generation X. This made generation X more satisfied with the business environment than their counterparts. The research recommended that the management ought to offer employees’ training on the goals and objectives of the organization; this will enhance satisfaction. This culture of accepting new ideas as they come makes firms remain vibrant among their competitors. Organizations, therefore, should ensure that they keep employees updated on any occurrence that can have some impact on the running of their operations. The continuous update motivates employees as they learn new ideas. This culture requires that organizations should employ creative, innovative, and self-motivated individuals who like learning (Impact of ageing in the workplace 2011). This makes it possible for absorption of generation Y. During these learning processes, employees are updated of new changes in the market and how they expect to approach issues. Clearly, the training motivates employees as it makes them enjoy their work. Besides, the leaders should view employees through several lenses using the life stage and individual employee as per the study. Changes in a business environment affect an employee’s life. Therefore, how the employee rela tes and interacts with the management can help him/ her realize whether the organization is helpful and adds value to his/her life. Secondly, the individual employee and members of a generational group will be likely to share similar characters and reasons that are almost the same. It is exceptionally essential for leaders to view employees at an individual level since employees have different needs. The management should not use generation groups since it will limit it from finding an employee’s needs or behaviour. Ageing population has a considerable impact on the economy. Majority of older people accumulate their savings at an extremely high level and spend little on consumption. Therefore, this generation brings in lower interest rates. The economy benefits, as there is low inflation. Countries with the ageing population as the majority employees can advance in technology without creating unemployment since they put emphasis on a shift from Gross Domestic Product (GDP) to personal well-being (The Impact of an Ageing Population n.d.). To meet this, government is forced to increase tax on goods or people to meet the cost of medication; as it will consist of health care and higher use of diagnostic used by the ageing population. On the other hand, the government is likely to spend less on the education sector as few young people will have to continue with tertiary education; they will be needed to work. In addition, these different generations should be trained how to deal with each other. When there are minimal conflicts in the business, the business has high chances of realizing positive growth. The numerous conflicts that exist within a multigenerational workforce and the ageing population can be mitigated through applying different job designs and motivational practices among the employees. Job design involves assigning tasks to jobs in relation to their interdependency. In job design, employing a job rotation mechanism can assist in minimizing ins tances of boredom and promotion issues that are common in a multigenerational workforce (Motivating through Job Design n.d.). Job rotation should be for a specified period with constant employee evaluation. In addition, the employees will be multi-skilled in a wide section. Clearly, this design will allow for employee movement to all sectors within a firm. Generation Y who are always disadvantaged in terms of movement into managerial positions will get this opportunity to apply their knowledge and skills in management. Employer should also provide timely feedback to employees on their job performance. This will be based on the employee’s experience in the job (How to Motivate Your Employees 2010). Feedbacks enable employees to work towards eliminating some of the challenges that they still face in their job performance. Additionally, job enlargement, which involves increasing responsibilities and adding challenging activities in a job, motivates employees to learn new ideas t hus increasing their skill levels (Employee motivation n.d.). The management in any organization can apply motivational theories in eliminating stress and conflicts in the workplace. The conflict between the different generations in the workplace can be solved by using the Intrinsic Motivation Theory. The innovative and creative generation Y who tends to rely on technology in management will desire to do well for the business if they are appreciated for their hard work (Miller 2011). Through this recognition, the employees will feel being part of the business. Moreover, the management should reward employees who are more productive than their counterparts that is, they meet or surpass their job targets. For instance, employees who are given high salaries should be those who meet their targets (Ingram 2009). This motivation theory is the Theory of Scientific Management; it points out that the management should not rely on age and period of service to accord payment or rewards to its employees. Organizations largely rely on the HRM to solve conflicts that arise in their daily operations. The different categories of employees require effective and efficient management system that is proactive in solving problems in order to create a favourable business environment for all. References Acas predicts ageing population will have far reaching impact on the workplace 2011, January 26, Acas – Home, http://www.acas.org.uk/index.aspx?articleid=3243 Buahene, A. K 2012, October 31, The Impact of a Multigenerational Workforce on HR Practices, n-gen Performance | the next generation of people performance, http://www.ngenperformance.com/blog/hr-training/the-impact-of-a-multigenerational-workforce-on-hr-practices Employee motivation n.d., ACCEL Group, http://www.accel-team.com/motivation/ Engaging the Multi-generational Workforce – Wellness, Benefits Compensation n.d., HR Management | The Online Human Resources News Source HR Management | The Online Human Resourc es News Source | GDS Publishing, http://www.hrmreport.com/article/Engaging-the-Multi-generational-Workforce/ How to Motivate Your Employees 2010, October 6, Business Buildup: Build Your Business Online and Offline, http://businessbuildup.com/how-to-motivate-your-employees/ Impact of ageing in the workplace 2011, February 8, Employers for Carers, www.employersforcarers.org/news/item/79-impact-of-ageing-in-the-workplace Ingram, D 2009, September 2, How to Apply Motivational Theories in the Workplace, Small Business – Chron.com, http://smallbusiness.chron.com/apply-motivational-theories-workplace-10962.html Miller, K 2011, September 14, Motivational Theories in the Workplace, Yahoo Voices, voices.yahoo.com/motivational-theories-workplace-9080399.html?cat=72 Motivating through Job Design n.d., Small Business Tool Kit, http://toolkit.smallbiz.nsw.gov.au/part/8/40/193 North, L 2009, April 24, The impact of our ageing population cannot be ignored, The Guardian, http://www.guardian.c o.uk/society/joepublic/2009/apr/24/ageing-population-impact O’Brien, S n.d., Aging Population – Seniors Are Fastest Growing Population Worldwide, Senior Living – Older Adult Lifestyle Advice Information, http://seniorliving.about.com/od/lifetransitionsaging/a/seniorpop.htm Opportunities and Challenges of a Multi-Generation n.d., Chief Information Officer – U.S. Department of Defense, http://dodcio.defense.gov/Home/Initiatives/NetGenerationGuide/OpportunitiesandChallengesofaMultiGeneration.aspx Swastika, S 2012, November 1, Impact of multigenerational diversity at workplace: a big challenge to address -hrindiaonline.com, HRindiaonline.com – forum where potential meets oppurtunity, http://hrindiaonline.com/columnDesc.php?MpoQSrPnM=MTg= The Impact of an Ageing Population n.d., Wesley Mission, http://www.wesleymission.org.au/publications/ageing/impact.htm The Multigenerational Workplace 2011, August 8, Human Resource Blueprints, http://hrblueprints.wo rdpress.com/2011/08/08/the-multigenerational-workplace/ This essay on Understanding Business Environment was written and submitted by user Geraldine Flynn to help you with your own studies. 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