Globalisation and Changing Technology for Culture - myassignmenthelp

Question: Identify how globalisation and changing technology have impacted the way managers plan, organise, lead and control. Answer: Introduction One of the most salient features of new millennium is speedy globalization with fast advancement in information technology. Though the concept of globalization is interpreted differently by different researchers, the most significant affect it has is on the areas related to economy, culture and technology. Globalization has created a need for managers of the company to consider strategic processes by implementing technologies into their management in order to gain competitive advantage in local and global markets. Well trained and knowledgeable management is demanded to approach markets to impose a sophisticated density of the organizations association with multiple international markets. In order to maximize overall profits for the firm, managers irrespective of different cultures and countries have to mould together according to current trend of globalization(NYAKOA, 2013). Main body Impacts of Technology process Globalization and changing technology has immense impacts on managers of organizations. As compared to earlier, more diplomatic, skilled and affiliated managers are required those can make decisions by accommodating present organizational compositions. The market competition and uncertainty have increased considerably while demanding higher quality of products and services. The companys are becoming more diversified in nature and hence work load is increased. Thus makes necessary to adopt simpler ways of account maintenance that is possible only by implementing technologies. Basic managerial functions may get disturbed by increased responsibility through globalization and organizational workloads relating decision making, planning, control and synchronization(Golson, 1977). Technological change can provide positive changes by reducing physical stress of employees and give improved outcomes in long run. The strategic planning and organizing requires a technological change that can evaluate future assumptions so that force to face them becomes easier for the management of the firms. To increase the efficiency in the firm, changing technology can significantly contribute to organizational success. Managers must recognize the need for globalization and any failure in recognizing the customers need and trend can result in negative outcome. By implementing technology, the speed the work is increased and both productivity and performance gets enhanced. Faster service eliminates the customers to wait for any service and simultaneously reduces the cost of labor. Since the technology has a wider scope for maintaining accounts and book keeping in systematic manner without engaging lots of time, it is been adopted by many organizations. New softwares those are avai lable in the market performs various tasks like dispatching, scheduling, work order, maintenance schedules, maintaining book keeping, etc.(Capterra, 2017) Bar coding and QR coding are also one of the important technology widely used in organizations to maintain the records of staff attendance in big offices and products details in warehouses. All these technology not only provides an efficient way of record maintenance but also reduces the overall costs of managing. Improved Communication Process With globalization of organizations, the need to generate communicating techniques has increased to make the managers access its branches and clientele spread globally. E-Services plays a major role in providing a scope of globalised businesses as with the help of internet and telecommunications, the geographical barriers between organizations is eliminated through communication. Earlier meeting proved expensive for the firms as people associated had to make travels for the company. With the introduction of video conferencing, the crucial time is been saved and helps in improving relationships through responsive communications in cost reductive way(Wasielewski, 2014). Teleconference proves effective way of communication where virtual requirement is not necessary. Nowadays it has become an integrated part of all firms and cannot be eliminated as regular discussions and conversations within departments or consumer related services are made with teleconferences. New technologies are imp roved versions that can exchange messages with each entity in a greater amount of audiences. Researchers suggests that using new technologies like teleconferencing can provide faster communications as all and sundry gets same informations in price effectual method(Lane). E-Mail is also an effective way of technological communications in which records are created, deleted and saved. Most of the managers use this technology to keep a record of documents that can be retained and organized according to the designated folder or company specifications. Companys nowadays does not believe in storing informations in traditional clerk files as they are prone to damages and also requires space(Walton, 2017). Thus to record informations and datas electronically. Managers adopt various softwares which can be linked with e-mails and can enable them to file all relevant data in electronic filing process. Backed up data can be preserved and found out quickly at the time of emergencies. Many governmental policies also regulate companies to manage emails for operational security and ethical code of conducts(Rockefeller Archive Center, 2006).Thus managers require gaining adequate knowledge about new technologies or else may cost companies fines and wastage of time. The innovative technologies also help in increasing the work performance within the organization. By tracking tasks delegated and mange day to day work digitally, the cost of inspecting manually gets reduced. Since this is also an unbiased way of monitoring, the morale of employees is not hampered. Supervising and controlling workers make them obligated to work more and hence overall productivity is increased. On the other hand if technology is implemented, the work speed is increased along with giving perfect solutions for any calculations or accounts of the company. Thus work performance is also enhanced(Mouawad, 2015). Conclusion After studying different aspects of technological diversification in globalised organization, it can be rightfully said that todays business world cannot sustain without it as technology has become an important and integrated part of organizations. With the introduction of new technologies, the trend of their implementation will also continue in predictable future. Managers who follow traditional ways must understand technologys values and adopt it in positive and planned manner(Golson, 1977). Technology not only increases productivity or performance but also strengthens relationship with customers and among employees of organizations. While acquiring a new technology, it must align with the requirement of the firm and ensure its compatibility between expected technology and ultimate goal of the firm. Lastly it can be said that technology must be implemented with proper methodological support along with providing sufficient time to workers and managers initially to get better outcome s(NYAKOA, 2013). References Capterra. (2017). Maintenance Management Software. Retrieved from https://www.capterra.com/maintenance-management-software/ Golson, J. P. (1977). The impact of technological change on organization management. Retrieved from https://dl.acm.org/citation.cfm?id=1795437 Lane, C. (n.d.). The Distance Learning Technology Resource Guide: Teleconferencing. Retrieved from https://www.tecweb.org/eddevel/edtech/teleconf.html Mouawad, F. (2015). 5 Ways Technology Can Improve Productivity at Work. Retrieved from https://fredmouawad.com/5-ways-technology-can-improve-productivity-at-work/ NYAKOA, O. M. (2013). THE EFFECT OF GLOBALISATION ON STRATEGIC MANAGEMENT AT ERNST YOUNG (EY), KENYA. Retrieved from https://chss.uonbi.ac.ke/sites/default/files/chss/EFFECT_OF_GLOBALISATION_ON_STRATEGIC_MANAGEMENT.pdf Rockefeller Archive Center. (2006). E-MAIL GUIDELINES For Managers and Employees. Retrieved from https://rockarch.org/CERP/pdf/emailguidelines.pdf Walton, A. (2017). The Importance of Accounting Software. Retrieved from https://smallbusiness.chron.com/importance-accounting-software-71524.html Wasielewski, J. (2014). How Videoconferencing Helps Business Communication. Retrieved from https://blog.clickmeeting.com/videoconferencing-helps-business-communication

A Case Analysis and for United States Airline Industry

Question: Describe about the Strategy and Case Analysis for United States Airline Industry. Answer: Introduction According to the case study, the United States Airline Industry is one of the most renowned airlines that have gone through several ups and downs. The large carriers are facing significant competition from low cost carriers. The aim off this report is to study the competitive forces of the US airline industry. Firstly, an overview of the US airline industry is presented where the data is represented in the form of numerical figures. According to the case study, it is observed that the US airlines have gone through significant losses in the previous years. Therefore, the Michael Porters model of competitive forces is adopted for analysing the causes of low profitability in the airline industry. Further, according to the case study, the economic performance of the US airline industry is cyclical. The growth of the airline industry is cyclical as the business depends on the countrys economic growth. Therefore, a justification and thorough explanation regarding the same is provided. Furt her, after discussing the issues faced in US airlines, several strategies are identified that can be adopted to help make the airlines profitable. A justification for adopting the strategies is also provided. Last, but not the least, a critical discussion regarding the US airline industry scenario is made. The US Airline Industry: An Overview The US airline industry handles over 1,000,000 passengers annually (Statista.com 2016). It is ranked twelve among the thirty busiest airports in the world (Rita.dot.gov 2015). The US airline industry has faced significant ups and downs due to several consolidations and mergers. There are three major international carriers operating in US- American Airlines, Delta Airlines and United Airlines. Apart from these, there are nine large carriers with both domestic as well as international destinations such as Virgin America, JetBlue, Hawaiian Airlines, Frontier Airlines, Alaska Airlines, Southwest Airlines, Sun Country Airlines, Spirit Airlines and Allegiant Air. According to Statista.com (2016), Southwest Airlines hold the highest market share of 18.2% in 2015. Majority of the airlines have improved both in capacity as well as traffic. However, the pricing pressures and fall in oil prices and capacity growth has led to a decrease in passenger net revenues. Lorenzetti (2015) argues that the airlines are facing a lot of issues despite high profits. The US airlines have hit over $8 billion in the first six months of 2015, but the lower ticket prices have caused a decline in passenger unit revenue (Statista.com 2016). However, as soon as the labour cost and oil prices will increase, the airlines shall require the customers to spend more money that could be challenging job. The US airline industry has faced bankruptcies, technological advancements, presidential intervention and tumultuous attacks of 9/11 (Statista.com 2016). The airlines have downsized 160,000 jobs for cutting huge losses (Statista.com 2016). Services have been cut to multiple destinations. One of the significant mergers that changed the US airline industry scenario was the Southwest Airlines and AirTran thereby making Southwest the fourth largest airli ne in US. Majority of the airlines had to cut down prices due to low cost carriers. The overall travel experience of the customers also declined. The onboard conditions and cuts in food were also experienced. It is observed that the rising jet fuel and oil prices are making a heavy dent in the US airline industry (Statista.com 2016). Figure 1: Market Share Source: (Statista.com 2016) A Competitive Forces Analysis of the Industry A competitive analysis can be made using Porters five forces as it is a crucial methodology to analyse the external environment. The level of competition in the US airline industry is high. The US airline industry has been buffeted by strong headwinds from multiple external factors such as increasing operating expenses, greater landing and maintenance costs, declining passenger traffic, intense price competition from low cost carriers and various others. The US airline industry has also faced bankruptcy because of a global death spiral in the airline industry. The US airlines have also formed mergers to survive in the global landscape. The low profitability in the airline industry can be studied in greater detail due to the effects of following forces: Supplier power- There is a huge list of suppliers for the airline industry in US. The three main supplied are fuel, labour and aircraft which are directly influenced by the external environment. For example, the oil prices fluctuate according to the global price fluctuations. The geopolitical factors cause change in fuel prices. Further, labour is also affected by the power of unions who get costly concessions and unreasonable bargains from the US airlines. Lastly, the airlines depend on two aircrafts, Boeing and Airbus for the aircraft needs. Therefore, these three inputs- fuel, labour and aircraft make the bargaining power high and profitability low (Assaf and Josiassen 2012). Buyer power- The buyers have high bargaining power over the US airlines as it is not difficult for the customers to switch from one airline to another. The low switching cost, online ticketing and distribution systems makes the bargaining power of the customers high. Several low cost carriers have entered the US airline industry thereby causing price wars. The advancement of technology and internet has led to the creation of sites such as Orbitz, Expedia and Travelocity. Therefore, these websites allow comparison of prices thereby helping the airlines to keep the fares low. Further, the tight regulations are in favour of the customers. There are multiple airlines available from which the customers can choose from in the case of price discovery that again makes the buyer bargaining power high and low profitability in the US airline industry (Barros, Liang and Peypoch 2013). Entry and exit barriers- The entry and exit barriers in the US airline industry is high. This is because the airline requires huge capital investment for entering and exiting the sector. Not everyone can enter the airline industry as significant investment, knowledge, resources ad expertise is required. Moreover, the US airline regulators so not let the airlines exit the industry unless there is a strong and genuine business reason. Therefore, the airline industry leverages the synergies and efficiencies from the economies of scale. Such high government cost and operating cost are exceedingly complex. Therefore, the threat of new entrants is low while the exit barriers are high (Bilotkach and Lakew 2014). Intensity of Competitive Rivalry- The intensity of competitive rivalry in the US airline industry is high due to the entry of low cost carriers, tight regulations, high operating expenses and others. A few examples of large carriers are American Airlines, Delta Airlines and United Airlines. These are directly hurt by low cost carriers such as Southwest Airlines, AirTran Airways, Jet Blue and Virgin America. These airlines keep very low airfares that intensify the US airline industry competition (Dai, Liu and Serfes 2014). Threat of Complementarities and Substitutes- There is low threat from complementarities and substitutes in the US airline industry. A few examples of substitutes are the customers travelling in cars, trains, or buses which are only possible in short distance journeys. For long distances, people would travel in airlines. Therefore, there is low threat of substitutes. A few examples of complementarities are ala carte meals, provision of Wi-Fi services, and multiple other amenities. However, it is argued that the passengers find lower fares more attractive than the provision of such amenities (Mallikarjun 2015). Economic Performance The economic performance of the airline industry seems to be very cyclical. The growth of the airline industry is cyclical as the business depends on the countrys economic growth. In the times of economic prosperity in US, the disposable income is high. Therefore, the people are willing to spend a greater amount on the booming economy especially on air travel. Therefore, the airline revenue is higher in times of economic growth and vice versa (Marketrealist.com 2016). Figure 2: Economic Growth and US Airlines Revenue Source: (Marketrealist.com 2016) According to the reports by The International Airline Transport Association (or IATA) the demand for airline services increased 5.9% by July, 2016 (Marketrealist.com 2016). Due to low airfares and expansion in routes, the low cost carriers experienced highest growth and aggressive expansion. The airline demand seems to be slowing down and the global economic growth has subdued in the year 2016 (Marketrealist.com 2016). The terror attacks have also affected the travel demand adversely. However, the low prices are attracting the customers. The consumer spending accounts for around 70% of the US economy (Marketrealist.com 2016). The consumers increasingly contribute to the economy up to 4.2% on an overall basis (Marketrealist.com 2016). The job growth declined to 150,000 jobs in August 2016 (Marketrealist.com 2016). The main question is about the consumer spending and its effect on traffic growth of airlines. The consumer spending is not at pre-recession levels after 2008-2009 (Marketre alist.com 2016). The spending has declined as the race is tightening and election was drawing closer. The other factors affecting airlines demand is capacity, travel demand, utilization and yield. There has been a decline in the airline yields in US after the second quarter 2014 coinciding with the capacity restraint (Marketrealist.com 2016). The passenger yield has declined 5.1% during second quarter 2015 in comparison with the previous year (Marketrealist.com 2016). The airlines in US are facing revenue challenges while sustaining profit margins. The airline capacity is growing faster than the economy. Identifying Strategies for Airline Profitability Based on the above analysis, certain strategies are identified for enhancing profitability in the US airlines. As the US airlines have high labour cost, there are situations of bankruptcy. To avoid any strikes, the US airlines must address the labour demands. US airlines perform heavy maintenance and must emphasize control over product. Significant cost savings can be achieved by outsourcing mechanical labour. Various options can be explored if the maintenance can be performed at a lower price. Fuel efficient practices can be implemented as the prices are escalating. Not only the fuel efficiency can be improved, but the environmental impact of operations. The sensitivity to price fluctuations can also be reduced by continuous fuel efficiency initiatives. As US airlines are merging with other companies, it can also partner with low cost carriers as they are in high demand. Seamless service to customers can be provided. The international offerings can be enhanced so that the connections to Asian markets are better. New routes and hubs can be addressed so that the future delivery can be improved. Frequencies of routes can be enhanced so that greater number of passengers can be served (Oum and Yu 2012). Hub-and-spoke airlines can lower the operating costs through onerous labour agreements for United Airlines, American Airlines and US Airways. It shall also help in negotiating better deals with intermediaries and eliminate discretionary costs. The hub operations can be smoothened out. Adding low-cost subsidiaries shall be helpful in enhancing US economy. The legacy carriers can make a case for an incentives-based program that will preserve the viability of the network service they provide. A successful lobby for tax credits could position the legacy carriers to compete with low-cost carriers and return to sustainable profitability. The airport and onboard services can be separated so that the complex processes and systems can be eliminated. The US airlines must provide best quality services at low operating cost. The key service advantages can include destination breadth, onboard amenities and superior loyalty programs (Ratliff and Gallego 2013). Discussion The above report focuses on the issues faced by the airlines. Based on the above analysis, it is evident that competitiveness is one of the critical issues. The change in GDP is reflected in the fuel costs and airline usage. It is necessary for the airlines to make alliances be it with high-speed rail or other airlines (Zou and Hansen 2012). As an example, British Airlines gains immense benefits from the merger despite the non-integration of operations. Another matter of concern is the fuel price. The airlines impose fuel surcharges on the customers thereby leading to high costs. It is argued that with increasing fuel prices, the airlines shall have an effect on the bottom line. As seen in the case of Singapore Airlines, fuel is the greatest challenge. It is further argued that US airlines mainly compete on prices and not on quality service (Baker 2013). The US airline is facing tough competition due to a combination of low prices on the same routes with limited competition. This can be challenging for both regulators and consumers. There has been less competition at USs major airports and the passengers are willing to pay higher fares as they have higher disposable income. There has been an increase in the domestic airfares at a pace greater than inflation which is challenging due to decline in competition (Assaf and Josiassen 2012). It is argued that the passengers had limited choices and paid a higher price back in 1978 (Zou and Hansen 2012). Currently, the airlines choices are high in number. The US government had control over the prices and routes before the competition got intensified in 1980s (Zou and Hansen 2012). The market fares reduced as new entrants entered the market. The US airlines also faced financial shambles after the attacks of 9/11 and recession. There was bankruptcy in the US airlines and a number of deals were restructured starting 2008 (Zou and Hansen 2012). Therefore, it is argued that there is less competition in the US airline industry than before. Conclusion Conclusively, US airlines have gone through significant losses in the previous years. There are three major international carriers operating in US- American Airlines, Delta Airlines and United Airlines. The pricing pressures and fall in oil prices and capacity growth has led to a decrease in passenger net revenues. The US airline industry has faced bankruptcies, technological advancements, presidential intervention and tumultuous attacks of 9/11. The overall travel experience of the customers also declined. The US airline industry has been buffeted by strong headwinds from multiple external factors such as increasing operating expenses, greater landing and maintenance costs, declining passenger traffic, intense price competition from low cost carriers and various others. It is observed that the rising jet fuel and oil prices are making a heavy dent in the US airline industry. The low switching cost, online ticketing and distribution systems makes the bargaining power of the customers high. Further, the US airline regulators make the entry and exit barriers strong. The low cost carriers have grounded the larger carriers thereby making the competition in US airline industry intense. In the times of economic prosperity in US, the disposable income is high. main question is about the consumer spending and its effect on traffic growth of airlines. The consumer spending is not at pre-recession levels after 2008-2009. Significant cost savings can be achieved by outsourcing mechanical labour. The international offerings can be enhanced so that the connections to Asian markets are better. . The airport and onboard services can be separated so that the complex processes and systems can be eliminated. References Assaf, A. and Josiassen, A., 2012. European vs. U.S. airlines: Performance comparison in a dynamic market.Tourism Management, 33(2), pp.317-326. Baker, D., 2013. Service Quality and Customer Satisfaction in the Airline Industry: A Comparison between Legacy Airlines and Low-Cost Airlines.American Journal of Tourism Research, 2(1). Barros, C., Liang, Q. and Peypoch, N., 2013. The technical efficiency of US Airlines.Transportation Research Part A: Policy and Practice, 50, pp.139-148. Bilotkach, V. and Lakew, P., 2014. On sources of market power in the airline industry: Panel data evidence from the US airports.Transportation Research Part A: Policy and Practice, 59, pp.288-305. Dai, M., Liu, Q. and Serfes, K., 2014. Is the Effect of Competition on Price Dispersion Nonmonotonic? Evidence from the U.S. Airline Industry.Review of Economics and Statistics, 96(1), pp.161-170. Lorenzetti, L., 2015.Here's Why The Airline Industry Is In For A Rough Ride. [online] Fortune. Available at: https://fortune.com/2015/08/19/airline-industry-challenges-ahead/ [Accessed 15 Dec. 2016]. Mallikarjun, S., 2015. Efficiency of US airlines: A strategic operating model.Journal of Air Transport Management, 43, pp.46-56. Marketrealist.com, 2016.Flying in the Face of Investor Concerns, Airlines Add to Capacity - Market Realist. [online] Marketrealist.com. Available at: https://marketrealist.com/2016/09/flying-in-the-face-of-investor-concerns-airlines-add-to-capacity/ [Accessed 17 Dec. 2016]. Oum, T. and Yu, C., 2012.Winning airlines. 1st ed. Boston: Kluwer Academic Publishers. Ratliff, R. and Gallego, G., 2013. Estimating sales and profitability impacts of airline branded-fares product design and pricing decisions using customer choice models.Journal of Revenue and Pricing Management, 12(6), pp.509-523. Rita.dot.gov, 2015.2015 U.S.-Based Airline Traffic Data | Bureau of Transportation Statistics. [online] Rita.dot.gov. Available at: https://www.rita.dot.gov/bts/press_releases/bts018_16 [Accessed 15 Dec. 2016]. Statista.com, 2016.U.S. airline market share 2015 | Statista. [online] Statista. Available at: https://www.statista.com/statistics/250577/domestic-market-share-of-leading-us-airlines/ [Accessed 15 Dec. 2016]. Zou, B. and Hansen, M., 2012. Impact of operational performance on air carrier cost structure: Evidence from US airlines.Transportation Research Part E: Logistics and Transportation Review, 48(5), pp.1032-1048.

Philosophy Of The Role And Mission Of Educaiton And Business Education

Philosophy Of The Role And Mission Of Educaiton And Business Education In Secondary Schools Education and Vocational Education have many roles in today's schools. Vocational education focuses on the future employment of the student, by using practical application. Vocational education gives students the opportunity to learn with hands-on experience. This can help in several areas of gaining an education. Most notably, this gives the student the opportunity to find out if this is what they want to do. Students will get a real-world experience very early on in their education. This experience can greatly enrich a student's education by giving them the opportunity to become involved in activities that are relevant to their lives, therefore, becoming a source of motivation. Education provides these same experiences to a certain extent, but the connection to real-world experience is much less defined. I believe it is the obligation of an educator to help create lifelong learners out of our students. Three key elements need to be present for this to take place. Confidence, relevance and motivation must all be present. Students need to have the confidence to try and succeed, or try and fail. This may sound like a trivial example, but I believe it is essential to success. Without knowing and understanding failure, students will not be able to appreciate success and what it takes to succeed. Confidence will be gained through the trial and error that takes place in the successful business educator's classroom. Relevance is the next item. The application of the material in the classroom must be relevant to what the student has set his/her sights on. Business education is all about relevance. Taking the simulations, applications and exercises from real life examples allows the students to see and understand the challenges they face. When the students see they are learning relevant skills they will become motivated to succeed. Motivation can come from a variety of sources, but I believe the business education teacher can aid in this. Students fall into bad habits while at school. I see it on a daily basis. They go through the motions of being a student and miss all the valuable knowledge that is available to them. They see no connection to what they are currently doing, to what they will ?grow up? and do. When that connection is made, the student will become motivated to take advantage of the experience and information presented to them in school. I want to teach business education because I believe the knowledge and skills it provides are essential to all students. Students need to understand the competition they will be facing in their search for that first job. Business education gives them a glimpse of what will be expected of them from day one. They need to learn the skills to enable them to become effective consumers, employees and leaders. Business education teaches students how to work as a team, how to meet deadlines, how to prioritize work and teaches them problem-solving skills. Students of today will become the businessmen of tomorrow. We must prepare them to manage their money, make wise investment decisions and learn to live on a budget. They also need to be exposed to expectations in the work environment. Communication is a must in any profession, including business. Interpersonal skills will be used on a daily basis. Business education prepares students for all of these situations and helps them in their pursui t of lifelong learning. Although there are many classes that can aid in the education of vocational students, I believe there are three mandatory classes. Keyboarding, computer applications and accounting must be present in the business education curriculum. These classes have practical application for students. At jobsites around the world, students will need these skills to succeed. Keyboarding is the most basic of these, but holds the most value. Without this skill, students will not succeed in the business world. The earlier this skill is learned, the better. Computer applications must be introduced at an early age also. With this skill students will be able to make a smooth transition into the workplace. Accounting is another skill that will be helpful for graduating students. They may not choose this specific field, but somewhere along

Know More About the Real Estate Compsn Sample Essay

Know More About the Real Estate Compsn Sample EssayThe Real Estate Compsn Sample Essay can be a long work or useful course to learn a lot about the area you are already in. It could mean, but not limited to: Where are you located? Do you have a property which you can offer?Would you like to sell your property? The Real Estate Compsn Sample Essay can really provide some great ideas to you on how to approach the situation.The major consideration will be the location of the property. If you are the one selling the property, the quality of it will be a major consideration. If you are interested in renting it out, it is important that the price is just right. The property may be of your own making or with the assistance of someone else who has taken a hand of the business.A good location can really lead to a successful sale or lease, if it is thought out carefully. It can also be of great importance to you if you are interested in selling your property. If you are concerned about the amou nt of money being spent, it is essential that you find out how much you can get out of your property.If you do not have a real estate professional, a free listing service may help you get a better idea of what you want to do with your property. Another option is to try and arrange a viewing of the property. Some people even take into account this aspect when they are selling their property.What are the schools of thought on the Real Estate Compsn Sample Essay? Some say that it is just a waste of time. Others consider it to be a beneficial technique that has improved their career. There are a few other opinions that emphasize the usefulness of the Prepnsn and it helps in dealing with both the buyer and seller.It is important to have a good real estate counselor, such as yourself, to guide you through the process. In the end, you will always have an opportunity to see your property from a different angle.

Tuition Reimbursement Implementation Report Assignment Essays

Tuition Reimbursement Implementation Report Assignment Essays Tuition Reimbursement Implementation Report Assignment Essay Tuition Reimbursement Implementation Report Assignment Essay Tuition Reimbursement Implementation Report Ashley Gatt Glen Providence XCOM/285 July 31, 2011 Tuition Reimbursement Implementation Report What can a company do in order to boost the employees’ morale, to improve productivities, to enhance efficiencies, and to retain good employees for a long-term? What can a company do to ensure that the business succeed (goals)? Companies cannot operate their businesses without the employees. For this reason, companies need to provide their employees a benefit package that will promote the companies’ concern and consideration for employees’ well being. Many companies offer standard employee benefits package that the employees take it as a typical employment package. Instead of offering common employee benefits package, those that provide tuition reimbursement (employee educational assistance) program experience positive results in organizational development and employee retention. Many successful companies that provide tuition reimbursement program showed that they have low employee turnover rate while enjoying high productivities and enhanced efficiencies from the employees (Babcock, 2009). In this paper, new professional opportunities that the employees with the business and communication bachelor’s degree can pursue are identified. Detailed information of types of careers and the earning potential of people with the degree often have are presented. At the same time, this paper elaborates both tangible and intangible benefits that the company can realize by implementing the tuition reimbursement program. As soon as employees earn the bachelor’s degree in business and communication, the opportunities for a new profession will become tangible and within reach. The employees with the bachelor’s degrees in business and communication can explore new professional opportunities to work in the areas of advertising, marketing, business management (administration), human resources, and corporate training. The bachelor’s degree programs in business and communication require students to take courses in sociology, finance, business management, economics, marketing, and other business related courses that will round out the candidate’s business and communication skills in order to advance within the workplaces. Additionally, the employees with the business and communication specialties (skills) can take aim in research and development or public relations division to grow into a professional public relations manager, trainer, or director (executive). The employees with the newly attained bachelor’s degree were taught and trained to develop diverse skill set. In addition to gaining the skill set to handle the administrative tasks, the newly minted graduates would have gained additional skills that may include: * Marketing and public relations * Speech presentation * Responding to public and consumer inquiries Maintaining contacts * Critical thinking and creativity * Strong research skills * Problem solving * Competitiveness and enthusiasm * Learning how to work with a wide range of clients * Understanding market demands * Research and analysis * Conflict management * Strong writing skills (ULinks. com, 2007) People with the degree often work as a mediator, buyer, sales manager, supervi sor, development officer, labor relations specialist, business trainer, benefits administer, mediator, corporate relations officer, communication specialist, customer sales representative, college recruiter, and others. People with the bachelor’s degrees in business and communication have choices of professions that vary in range from government agency jobs to Fortune 500 company jobs. Employers who are seeking to hire people with the bachelor’s degrees in business and communication are mainly looking for people with strong relational skills, computer skills, writing skills, and critical thinking abilities along with specialized business education that includes accounting, finance, economics, business law, management, public relations, marketing, and sociology. The undergraduates in business and communication majors are especially adapted to the latest computer technologies such as Internet, e-commerce, e-mails, and other electronic communication. Two of the most desired skills many employers seek are social and writing skills learned from the business and communication courses. Because business and communication skills are in demand in the diverse industries, those with the bachelor’s degree in the field do not need to limit their prospects. Other industries that offer employment opportunities for the undergraduates are technology, government, education, social services, broadcasting, and even religious professions (ULinks. com, 2007). When it comes to work, the employment benefits are one of the criteria that people seriously weigh before making the final decision. The employment benefits college-graduates are typically offered are quite different from those offered to employees without a degree. While high school graduates try to hold on to their low paying jobs, people with higher degrees tend to weigh on the potential benefits the companies offer. A college degree offers graduate students extra benefits (earning potential) such as wider career options, better promotion opportunities, and lower chance of unemployment. Many college graduates can work in the fields that are unrelated to their major field of study while people without college degrees struggle to keep the ones they already have. Companies are more favorable toward promoting college graduates because those employees with college degrees are perceived as more dependable and serious about their jobs. People with degrees have higher chances of keeping their jobs than those people without the college degrees. Earning potential of people who have the bachelor’s degree is proven to be higher than those who do not. According to the an article in USA TODAY, Census Bureau conducted a survey among people with and without college degrees and discovered that the people with the degrees earn nearly $1 million more over his or her lifetime than a high school graduate (USA TODAY, 2002). Moreover, a college graduate can earn $2. million working full-time job during the typical period of work-life (between ages 25 to 64) whereas a high school graduate can expect to earn $1. 2 million during the working years (USA TODAY, 2002). Implementing tuition reimbursement program not only benefits the employees who take the advantage of such program, but it also benefits the company. The tuition reimbursement program, sometimes known as employee educational assistance program, can boost employee mo rale while generating greater work efficiency resulting from highly motivated and knowledgeable employees. Many human resources gurus believe that tuition reimbursement program is one of the best and most affordable employee retention tools around (Business and Legal Reports, Inc. , 2010). While employees gain new skills and knowledge by completing the degree courses, the company (employer) spends less money by supporting its employees earn college degrees than paying for the employees to attend seminars, classes (marketing or language), or training new employees. According Jodi Albin, a human resource specialist for Pacific Continental Bank, the investment in upgrading employees’ educational levels actually translate into long-term employee loyalty (low employee turnover rate) (Shufffler, J. , 2008). The companies can use tuition reimbursement program as an effective recruitment means. The employees who work for the company that demonstrates its appreciation by boosting the company morale and culture will be more productive and efficient; thus, the company will benefit due to the improved production and efficiency. Successful companies recognize that investing in employees in attaining new skills and education is beneficial for the companies as well as for the employees. Companies that extend their employee benefits package by including the tuition reimbursement program have lower rate of employee turnovers, higher productivities, and improved company morale. To be specific, the tuition reimbursement program, a worthy investment, improves the workplace environment, increases productivities and efficiencies, and, turns around, brings many intangible benefits to the company. Employees who earned college degrees in business and communication can elevate higher flexibility to apply their newly learned skills in other departments. Overall, the companies that implemented the tuition reimbursement program reap benefits also because most of the employees who attain the bachelor’s degrees in business and communication are highly motivated and productive, tend to stay loyal (employee retention), and look for advancement within the companies. References Babcock, P. (2009). Always more to learn. HRMagazine, 54(9), 51-56. Retrieved July 31, 2011, from EBSCOhost database. Business and Legal Reports, Inc. (2010). Does tuition reimbursement benefit employers? Retrieved July 31, 2011, from http://hr. blr. com Shuffler, J. (2008). Tuition programs are good investments. Oregon Business Magazine, 31(9), 51, Retrieved July 31, 2011, from EBSCOhost database. ULinks. com. (2007). Business Communication Degree: Business Communication Class, Business Communication Training. Retrieved July 31, 2011, from ulinks. com USA TODAY. (2002). Amount of schooling affects earning potential. Retrieved July 31, 2011, from usatoday. com

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