Case study #2 Example | Topics and Well Written Essays - 1000 words

#2 - Case Study Example With the intention to solve these issues, the CEO started his activities firstly from visiting the workplace of one of its rigs, named ‘Voyager 7’. The rig was quite small comprising 150 employees with a blend of skilled, unskilled and immigrant labours. Soon he began to depict that there was clear discrimination practiced in the workplace with regard to the living conditions and the working conditions of the lower level employees and the upper level employees. The upper level employees, who were also the immigrants, were provided with far better treatment in comparison to that of the local African employees. The local authorities of the government, despite being aware of the situation were never involved in taking any potential action to resolve the racial discrimination practiced within the organisation. After analysing the situation from the view point of the CEO, inferences have been drawn through the SWOTT analysis. Weaknesses: The situation has major drawbacks with the workplace environment being full of discrimination. Employees are treated differently on the basis of their nationality, race and designations, raising Corporate Social Responsibility (CSR) related concerns, which might diminish stakeholders’ confidence on the company. Threats: The discrimination prevailing in the workplace is a threat to the integrity of the workplace. Owing to the absence of communication between the lower level employees and upper level employees, the expectation of effective performance of this rig is highly unrealistic. Trends: If the situation continues in this trend, chances of conflicts between the upper level and lower level employees are highly uncertain. Moreover, legal authorities might also halt the operations of the entire business owing to the illegal practices of discrimination in the workplace. The alternatives will need to be evaluated considering the objectives of the company regarding CSR, ensuring equality

Reflective journal Essay Example | Topics and Well Written Essays - 500 words - 7

Reflective journal - Essay Example Therefore before a claim is written a good research should be done to gather enough information to substantiate the claim. My approach for research differs with the type and purpose of that research. In most cases I prefer doing research that will enable me to gather as much information as possible while minimizing costs. I mostly prefer a quantitative approach in which one gathers some quantitative data and then analyses and interprets them to answer the research question or the various hypotheses designed. Although this is the approach I like using most, sometimes I find myself using a qualitative approach in which one gathers some qualitative data which she analyzes and interprets to answer the research problem. Each of the two approaches is suitable for specific kind of research and thus one should be careful when choosing which one to use. Research, as every other study faces several challenges. One of the major challenges is developing and improving research methodologies that will explore the complexity of the research. As we advance in research we find ourselves dealing with complex situations in which we do not adjust our methodology to suite them we might end up gathering misleading research information. The solution for that is using internet and intranet that provide excellent opportunities for exploring new research methods. Another challenge is trying to have a balanced program of research among the researchers. Correlational research should be undertaken by several researchers with an aim of comparing the findings and thus minimizing errors so that the results are compared and thus better decisions realized. The ethical issue that comes up in every research undertaking is another challenge that needs to be faced. The ethics of research requires the researcher to fully be responsible for the safety of his res pondent or even the general population he aims to use in his research. One of the major tips, which I think can assist

Is CEO Pay really Inefficient If so, propose a mechanism to improve Essay

Is CEO Pay really Inefficient If so, propose a mechanism to improve efficiency - Essay Example The inefficiency in CEO’s pay arises because it is very difficult to quantify the productivity of the company and its limit with respect to a certain individual. According to Robert (1995) â€Å"Although much of the decision-making power resides with the CEO, the research and background analysis reports are not made by him. Hence a venture that incurs losses upon the company may not have been caused due a bad decision made by the CEO but rather incomplete or inaccurate information provided to him. These are exemplary scenarios that have more theoretical than practical basis. â€Å" (Robert A. G. Monks, Nell Minow 1995) In today’s world where most business ventures are based solely on the situation in the relevant markets, employee wages are no exception. The general pay of a CEO in competitors would play a large part in deciding the payment package of a company’s CEO.The rest of the essay will be divided into four sections the first three will discuss the vario us aspects of payment while the last would be the concluding statement. Section one will view the entire payment package of a CEO and its implications. These have a strong basis in market evaluation and the integration of the CEO’s position in the company. Section two will discuss the Agency theory. This theory outlines the principal-agent relationship existing between the shareholders and the CEO and its impact on efficient pay. This relationship is both contractually binding and ethical in nature where the extent of the Agent’s authority to bind the company in a contract is deduced by the power given to him by the Principal.. Section three will reflect on the opposing theories of Rent-extraction and the efficient market hypothesis, while both valid in nature, reflects two different sides of an employment contract. Section one: Most CEOs are given the title of either president or CEO. This is a very connotation in the text of CEOs. It is widely used world over. It cou ld mean that the title holders also includes the directors which are present on the board of directors. On the other hand it could also mean the chief operating officer. When compared to the CEO, the president’s central focus is daily operations. CEO, on the other hand is more of a visionary. He projects the future of the company and determines the direction that the company takes. Thus at times, the titles of both president and CEO are used interchangeably to emphasize on the roles that both these title holders play. The increase in pay of a CEO has been six times more than the average wages paid to employees in the last thirty years. The payment package may be seen as inefficient and problematic. An internal sensitivity-analysis of firms indicates that the proportion of loss suffered by the manager when the firm suffers a loss is very small. This amount is greater for small or medium-sized firms as the size of the business increases the loss in pay of the manager decreases when the company suffers a setback. For example, it has been estimated that in a large firm a loss of $1000 by the company only passes on a loss of $1 to the manager who in fact