The Tragedy of Sophocles Antigone - 956 Words

The Tragedy of Antigone nbsp;In the story of Antigone, Oedipus has already died, his two sons. Polyneices and Eteocles, left to contend for the throne of Thebes. In their contention for the throne, the two brothers slay one another, leaving Creon once again to be the acting regent of Thebes. With this power, Creon declares that Polyneices must be left to rot on the battlefield, the highest disgrace to any Greek. Antigone, daughter of Oedipus, is left torn between state of family, and in the end, chooses family over state. Disregarding Creons edict with grave danger to herself, Antigone ventures to bury the body of Polyneices, and thus begins her adventure. Antigone is truly a tragic hero, marked by her station as son of Oedipus, and†¦show more content†¦This is self evident in an exchange between Creon and his son Haemon, who was in love with Antigone and slated to marry her: (Creon): So this creature is no criminal, eh? (Haemon): The whole of Thebes says no. (Creon): And I must let the mob dictate my policy? (Haemon): See now who is speaking like a boy! (Creon): Do I rule this state, or someone else? (Haemon): A one man state is no state at all. Thus the plot thickens, and the tragedy begins to develop as Antigones actions have achieved her the respect of the common man, but is unquestionably soon to bring her downfall. Eventually, after Creon meets with the prophet Tiresias, Creon realizes his mistake; realizes how he will suffer if he incorrectly passes judgment upon Antigone. However, for him, it is too late. When he goes to free Antigone, Antigone has already killed herself, and as a direct result, Haemon, Creons own son, also killed himself in anguish at Antigones death. Thus, the tragedy is played out, with Antigone the obvious tragic hero, caught up in a torrent of events beyond her own control, but her actions toward them and her tragic flaw of arrogance proving to be the cause of her reversal of fortune; her downfall. Ismene returned, ready to stand with Antigone with whatever fate she may have faced against Creon. However, Antigone, withShow MoreRelatedThe Tragedy Of Sophocles Antigone Essay1808 Words   |  8 Pages Antigone is the main character of the homonymous tragedy of Sophocles. The play follows the formal conventions of Greek tragedy and it is composed of seven scenes (opening scene, prologos), five scenes and a final scene (exodus), which are divided noticeably by six choral songs (opening lyric, parodos) and five choral songs (stasima) which have some relevance to the dramatic situation. As Aristotle distinguishes in his work of literary criticism, Poetics, part of the excitement of a tragic performanceRead MoreThe Tragedy Of Antigone By Sophocles1182 Words   |  5 PagesThe play Antigone, composed by Sophocles, informs us that fate cannot be controlled by anyone. Fate is an essential part of many tragedies. As for the characters in Antigone, their fates end up being unavoidable, whether it is due to the reason that they refused to accept it until it was very late, or they accepted the fate and permitted it to come to pass. The character’s lives possess set conclusions, and there exits some clues on what these conclusions shall be, and when they shall happen. TheRead MoreThe Tragedy Of Sophocles Antigone1355 Words   |  6 Pagesscenarios. For example in Sophocles’ play Antigone there are a few characters that one might say suffered. The two characters that are believed to suffer the most in this play are Antigone and Creon, however Creon does suffe r more than Antigone. Sophocles’ play is to be said to be one of the best tragedy plays ever to be written and performed. The reasoning behind this is because of the true suffering that Creon does throughout the play. The whole play brings in the theme of tragedy from the beginningRead MoreThe Tragedy Of Sophocles Antigone928 Words   |  4 PagesAntigone Antigone was written in 441 BC by the Greek playwright Sophocles. The play is set in the ancient city of Thebes. Women were not recognized of importance in ancient Athens, so in turn they were not allowed to attend the plays and any character that was a woman was to be played as a man, wearing a mask. Sophocles wrote many other great Greek tragedies including Odeipus the King. In the prequel to Antigone, Odeipus the King, Odeipus is born as a curse. His parents went to the oracle and receivedRead MoreThe Tragedy Of Sophocles Antigone1705 Words   |  7 Pagesthe subject of honorable morality, Antigone possesses the moral high ground in accordance to the Greek expectations of the historical era when compared to the opposition of Creon. Owing to Sophocles’ tragedy known as Antigone, it offers the question of what type of law should be relevant when both divine law and common law clash in their interests. As such, it delves into a complex setting of a post-civil war Thebes, wh ereby throughout the entirety of the tragedy the audience learns of the fates ofRead MoreThe Tragedy Of Sophocles Antigone976 Words   |  4 PagesThe story in Antigone shows two things that Sophocles could be pointing which is important whether may be the family or authority. Readers could not tell whether Sophocles would be choosing which but most conclude that Sophocles could be siding with family as it talks much more about it than authority. In the mind of a reader, family is mostly likely the winner as Antigone cares her brother Polyneices, Antigone denies the rule of Creon, Creon values his son and his wife, and Sophocles might be makingRead MoreThe Tragic Tragedy Of Antigone By Sophocles1440 Words   |  6 Pages Antigone The tragic play ‘Antigone’ by Sophocles is a tale that will forever project different interpretations and meanings, one no more accurate than the other. The play’s protagonist, Antigone, is typically always seen in an innocent aspect, and Creon is always seen as a villain due to the ongoing quarrel between the two. But, who is to say that either one is heroic or villainous? Sure, there are many admirable qualities that Antigone possesses, but she also shows that she is unwilling to changeRead More Sophocles Greek Tragedy, Antigone Essay465 Words   |  2 PagesIt has been said that love conquers all. Love is a major issue in Sophocles Greek Tragedy, Antigone. Antigone’s family is full of incest and betrayal. People say that Antigone, and her sister Ismene have been cursed because of their family’s bad decisions and horrible luck. Love in Antigone’s case did conquer all, but do the tragedy of deaths. Antigone’s love for her deceased bro ther eventually caused her own death. Antigone’s death went on to cause Haimon’s death, which ultimately caused the deathRead MoreTragedy in Antigone by Sophocles and Blackfish771 Words   |  4 PagesKarl Marx, the German philosopher, once said â€Å"History repeats itself, first as tragedy, second as farce.† For me, this quote clearly describes the overarching relationship between Blackfish and Antigone. This analogy starts with Antigone, written about an oppressed woman against the fists of tyranny. That early in history woman’s rights was often taboo at places, and democracy was only recently established. Yet, Antigone went against the norm by focusing on a heroine that challenged male authorityRead MoreEssay about Sophocles Antigone: A Great Tragedy1073 Words   |  5 Pagescan create a major difference, but one decision can create major conflict. One decision affects all other decisions. The effects of one decision are present in Antigone by the greek author, Sophocles. The setting of Antigone is the ancient city of Thebes after a battle between Polyneices and Eteocles. During the battle, a great tragedy occurs when Eteocles and Polyneices kill each other. The battle is a result of one decision by Polyneices to conquer Thebes, and his attempt is a utter failure

Negative Effects Of Marijuana - 1903 Words

Among teens and adults marijuana is the number one drug used for medical and recreational use. Marijuana was not legalized by the states in the U.S. until recently, but it has been in use since the 1970’s. Although, marijuana has been legalized for only a couple of years, the issues of marijuana are becoming a larger epidemic. Many people have the misconceptions that marijuana will not have the same effects as other drugs or even such as tobacco, but after an abundance of research, scientist discovered that marijuana do have similar effects as smoking cigarettes in which children are the most because their brains and bodies are still developing. Not only does it affect their child physically, but also socially. Teenage years are when the†¦show more content†¦There are many different factors that can influence children’s perspective on marijuana. Parental views and guidance are one of the factors that can impact these decisions greatly. Cannabis, also known as marijuana comes from the cannabis plant called the cannabis sativa. Cannabis in the wild grows in tropical and temperate areas, but it can be grown indoors which can be a little difficult. Marijuana plants need a great deal of attention because these plants need a specific amount of light, heat, humidity, and water. The cannabis sativa contains more than 60 cannabinoids, which is a general term for the chemicals released in your body that alters neurotransmitters in your brain. THC or tetrahydrocannabinol is considered a cannabinoid, responsible for a euphoric high when you use marijuana. Marijuana is the dried up leaves or stem of a cannabis plant which is then chopped up and smoked in a joint. There are many different ways to use marijuana, but most people either smoke it, or consume it by its natural oils in forms of edibles. Under the federal law, residents are allowed to grow no more than 6 marijuana plants only if they are 21 years and older, and must be grown in an area that is enclosed and cannot be seen by the public. In conclusion, there is more to know about marijuana than its reputation as an addictive drug. There are many different reasons why teens choose to start using marijuana. Teenagers fall underShow MoreRelatedThe Negative Effects Of Marijuana861 Words   |  4 Pages Marijuana is sweeping the nation. How might this affect people’s everyday lives? Is the progression on legalization a good thing or a bad thing? In order to answer that, the people must first consider the health effects of the consumer and the economic effects of the nation. Marijuana could have both positive and negative effects on the health of the user and the economy. While marijuana does indeed have some health benefits, it also has many adverse health effects and can lead to severalRead MoreNegative Effects Of Marijuana1612 Words   |  7 Pages What is marijuana? What is it made of? Why is cannabis still illegal in certain states? Why does marijuana have so many names? Where do the names come from? What is the marijuana culture and how do they celebrate? How is marijuana beneficial? All these questions roaming through people’s mind. Cannabis is a green mixture of the dried, shredded leaves and flowers of Cannabis sativa. People usually smoke marijuana in hand-rolled cigarettes called joints or cigars called blunts, or in a pipe, orRead MoreThe Negatives Effects of Marijuana on Teenager880 Words   |  4 PagesThe Negatives Effects of Marijuana on Teenager What is Marijuana? The marijuana affects the brain development on teenager. Also affect the function at school, work, and social life of the teenagers. The marijuana increases the risk of mental health issues. The sadistic show that the used of marijuana increase every years. Marijuana affects the teenager and also their families. According to National Institute of Drug Abuse, Marijuana is a greenish-gray mixture of the dried, shredded leaves, stemsRead MoreNegative Effects Of Marijuana1903 Words   |  8 PagesAmong teens and adults, marijuana is the number one drug used for medical and recreational use. Marijuana was not legalized by the states in the U.S. until recently, but it has been in use since the 1970’s. Although, marijuana has been legalized for only a couple of years, the issues of marijuana are becoming a larger epidemic. Many people have the misconceptions that marijuana will not have the same effects as other drugs or even, such as tobacco, but after an abundance of research, scientist discoveredRead MoreThe Negative Effects of Marijuana2471 Words   |  10 PagesMarijuana has the reputation of giving users a high when smoked, eaten, or inhaled through vaporization. The chemical that causes the feeling of euphoria is called Delta-9-tetrahydrocannabinol (THC). When smoked or ingested, th e THC rapidly passes through your lungs or stomach, then your bloodstream, and to other organs in your body. When it finally reaches your brain, the THC targets specific brain cells called cannabinoid receptors (Harding, 2013). These receptors are especially found in partsRead MoreMarijuana Has A Negative Effect On Your Health1728 Words   |  7 PagesI believe that cannabis has a negative effect on your health. Now I’m fully aware that a portion of the world’s population truly believe that cannabis is nothing more than a harmless drug that is used for nothing more than recreational use and will not have any long-term effects on your health, but I want you to ponder on the thought of my statement and why I might believe that cannabis has a negative effect on your health. First what is cannabis? according to drugs.com cannabis also known as â€Å"CannabisRead MoreEthical Issues : Weed And Medical Marijuana1148 Words   |  5 PagesKevin Noh Professor Ericka Scott English 100 11 April 2016 Ethical Issues: Weed Marijuana has been consumed ever since the human civilization started. However, according to Zimmermann (2014), large amounts of research on medical marijuana started around the early 1970s. Through articles and videos on the Internet, social media, and even school, people are becoming more aware of the presence of medical marijuana. Even children are being informed through D.A.R.E. programs offered in many elementaryRead MoreEssay on Pros and Cons of Legalizing Marijuana557 Words   |  3 Pageslegalization of marijuana is a very debatable subject, some people think it is bad and should be illegal, and some people think it is good in some ways if used properly. It should be legal because it has few negative effects, it serves other purposes than getting people stoned, and it is better than other drugs. Many advocates say â€Å" Marijuana is a common drug used by many people.†(Sandra) A lot of people think marijuana has numerous amounts of negative effects on the body. Marijuana helps the bodyRead MoreEffects Of Marijuana On The Minds Of Many Americans1257 Words   |  6 Pagesannually on marijuana-related charges (Smith). Because of this, the topic of marijuana, specifically legalizing marijuana, has been on the minds of many Americans. Some of the American population does not see marijuana as an issue because they think it is not as harmful as some other drugs. On the other hand, scientists, doctors, and the rest of Americans view marijuana as a dangerous drug that should stay illegal because of the harmful effects that it can have on a person. Negative views of marijuanaRead MoreThe Harmful Effects Of Marijuana On The Minds Of Many Americans1250 Words   |  5 Pagespeople are arrested annually on marijuana-related topic (Smith). Because of this, the topic of marijua na, specifically legalizing marijuana, has been on the minds of many Americans. Some of the American population does not see marijuana as an issue because they think it is not as harmful as some other drugs. On the other hand, scientists, doctors, and the rest of Americans view marijuana as a dangerous drug that should stay illegal because of the harmful effects that it can have on a person. Throughout

Concept of Strategic Management Development

Question: Discuss about the Concept of Strategic Management Development. Answer: Introduction This report has highlighted the concept of strategic management development within a company. In this respect, this study has focused to the strategic development of NAB of Australia. This study has also tried to focus to the research areas of the mentioned organisation. In this purpose, this report is helpful to evaluate the mission, vision and the definite competitive advantage of the NAB. NAB is familiar as the nationalised bank of Australia. In addition, the background of this organisation has enhanced the essence of the study (Abubakar and Tasmin 2012). On the other hand, this report has discussed the existing strategies from the point of stakeholders such as workers, investors, suppliers and the consumers etc. Again, in this report, the environmental analysis has been explained. Lastly, this study is helpful to understand the organisational within the company, which will help the readers to understand the core valuation of the organisation (Augusto de Matos, Luiz Henrique and d e Rosa 2013). Research areas Mission, vision and competitive advantages According to Amdemikael (2012), the mission of NAB of Australia is to provide the definite solutions for the present as well as the future necessities of its consumers. This will be helpful to develop and maintain the long term relationship with its customers and aimed to the strength of greater quality activity. In addition, NAB focuses on the positive development of the culture and the regions. On the other hand, NAB always tried to create the working environment more friendly and helpful, which reflects its employees not to switch to the other organisation. In the words of Goyal and Joshi (2012), NAB can identify the necessity of the profitability, which is assumed t be important for the long run success. In order to discuss the vision of NAB Australia, it can be mentioned that this organisation is looking for success in its business. In this connection, NAB aimed to make its business different from the other organisations. It is known that its major vision is to perform the responsibility based on their proposed strategy and follow the appropriate approach to meet the corporate responsibility. As per the statement of Haiss (2013), competitive business is helpful to put the selected organisation in a superior business position. One of the competitive advantages of NAB is it can turn the employees loyalty into the competitive advantage. In addition, NAB has the strong and greater market position in Australia. NAB is able to specialise in several distribution platforms based on the consumer requirements as well as on the value potential. Moreover, another competitive advantage of NAB can be discussed as the implementation of the specialised products along with the delivery of the products and services within proposed time (Uzkurt et al. 2013) Past using strategies In the words of Kroszner and Strahan (2014), NAB has adapted some definite strategies. These strategies were NAB could control the capital gains tax. Hence, in case of selling of assets and making of capital gain at the end of the financial year, then NAB could include the capital losses in order to offset the previous capital gain. Moreover, NAB was capable to control the flow of cash effectively, and then it would be possible to include the forward expenses (Uzkurt et al. 2013) Current strategies As per the current scenario, Liikanen (2012) mentioned that the present strategy follow by NAB is to maximise their cash flow by restructuring of the asset purchases. Therefore, NAB asset financing specialists arrange to structure the management for the repayments to control the tax and the cash flow requirements. This will in turn reduce the operating cost and improve the productivity. In addition, NAB allows to develop the buying as well as the selling agreement. This will be beneficial by assuring the business ownership and it will be converted in case of death or the disability. Background of the company National Australian Bank has specialisation in the market capitalisation. In this context, Liikanen (2012) mentioned that NAB was positioned by 21st largest banking organisation as per the world market capitalisation measurement. In addition, NAB hold the 41st ranking based on the world total asset measurement. In case of financial performance of this organisation, it can be observed that total revenue earned by NAB is A$ 20.176 billion in 2015 whereas total net income and the total assets were A$ 6.357 billion and A$ 945 billion respectively by 2015 (Singh and Malhotra 2015). Discussion of the strategies, which were criticised In order to discuss the strategies of the stakeholders, first it is necessary to identify the organisations stakeholders. The consumers, employees, investors, suppliers are recognised as the stakeholders of the organisation. As per the statement of Mols (2013), consumers of NAB are able to get the essentials rights with the help of delivery of higher consumer experience as well as can apply the relevant lending practices. On the other hand, in the point of the workers of the organisation, the organisation always aimed to recruit efficient and good employee (Perez, Martinez and Del Bosque 2013). In addition, NAB tried to motivate its personnel in order to invest their focus on the consumers of the organisation. The employees can diverse along with an inclusive the working force. In this respect, NAB develops the skills and capacities of its workers. In the points of Perez, Martinez and Del Bosque (2013), the suppliers of NAB require to comply by considering of reliable global principles and regulation in the connection of unethical behaviour, corruption and the other business practices. The suppliers also need to construct the estimated action plans in order to increase the diversity. They can abide by the global labour standards in terms of international labour organisation. On the other hand, the suppliers are eligible to adopt the equivalent sustainability rules in order to control the sustainability risks (Nab.com.au. 2016). Moreover, the relationship manager of NAB is able to control internal procedure to manage its stakeholders. This relationship manager of the organisation can admit the risks throughout the operation procedure. These risks can be controlled with the help of the enterprise risk policy, governance risk principles and the environmental social policy (Liikanen 2012). Performance of the environmental analysis PESTEL analysis: Political The political environment of Australia or the Australian government make an impact of the tax policies. In addition, government can involve in case of the trading agreements (Kroszner and Strahan 2014). Economical This will reflect the countrys economic factors and these will in turn influence organisation. International economic shortages and this will decrease the disposable income (Riasi 2015). Social Include the activities of consumers as well as the social and cultural environment in order to enter to the target market. Technological Increase of the utilisation of e-commerce. Ecological Increase of ecological agendas and the concern of the community. In addition, identification of the ecological opportunities within the market is necessary to understand (Singh and Malhotra 2015). Legal Modification of the laws of the advertisement, global inconsistency. Specific environment Consumers Australian Traders, Citizens of Australia, who are treated as the bank account holders Partners Global leader Verifone systems and Inc. NAB also maintain partnership with merchant consumers (Sullivan 2013) Industry Banking sector Unions Stakeholders and the financial sector of Australia Competitors Westpac Banking Corporation, Commonwealth bank of Australia etc. Suppliers Investment organisations and the higher bank of Australia (Uzkurt et al. 2013) Internal environment Process Quality activity deployment, Pareto chart procedure etc. System Acceptance of deposits, making of loans etc. Employees Total number of employees are 35063 Management Operate the function of wealth management, risk management, relationship management (Wu 2012). SWOT analysis Strength Knowledge and experience of the group of the organisation reflects to operate the function optimally. Weakness Uninterested workers, higher debt, tax burden. Opportunity Additional and the positive factors, which is able to leverage the advantage of the business Threats Extended droughts are supposed to be threats of NAB (Wu and Shen 2013). Discuss the organisational culture According to Augusto de Matos, Luiz Henrique and de Rosa (2013), the organisational culture of NAB has followed five types of core valuation such as passionate for the consumers, aimed to win, respect the consumers, be bold, follow the appropriate thing etc. These valuations are able to give the shape to the consumers. The management of the organisation also helps to learn and develop the opportunities, diversities, flexibilities etc. In case of the passionate for the consumers, Abubakar and Tasmin (2012) mentioned that NAB always tried to consider the clients difficulties and deliver the appropriate solutions. Under the organisational culture, NAB Australia aimed to maintain the long-term relationship with the consumers and the suppliers. In addition, NAB also tried to achieve the goals of the business. Again, in order to make the business different from the other banking organisations in Australia, NAB always tried to be accountable for its new activity. In this purpose, they allow to ask the difficult questions as mentioned by Amdemikael (2012). Furthermore, to make the business more successful and significant, this specified banking organisation focused to the valuable conversation with its consumers and this will be beneficial to represent the respect and the courage. NAB aimed to the adaption of several inclusive cultures. Lastly, NAB takes the appropriate decisions for the consumers and the communities (Augusto de Matos, Luiz Henrique and de Rosa 2013). Goyal and Joshi (2012) opined that under the organisational environment, the responsibility performed by NAB will be helpful to enhance the business. Instead of this, community involvement is assumed to be effective as it aimed to develop the social and the economic wellbeing as well in the future. The workplace of NAB includes the effective flow of the financial support within the community sector (Haiss 2013) Conclusion This study has discussed the strategic development of NAB Australia. This study is helpful to develop the organisational and the corporate strategies. Among these strategies, this study has discussed some past adapted strategies and newly adapted strategies. These strategies reflect to understand the function of the NAB. The mission and vision of the organisation has been described. In this purpose, it can be stated that the mission of NAB is to maintain of long term relationship with the consumers. On the other hand, the vision of this organisation is to make the business successful. In addition, the competitive advantage of this definite company has added the essence of the study. Moreover, this study is also helpful to identify and understand the stakeholders requirements in this purpose. This will also helpful to determine the role of the stakeholders such as employees, suppliers and the consumers etc. In addition, this study has highlighted some important analytical tools such a s PESTEL analysis, SWOT analysis etc. These analytical tools tried to estimate the opportunities and threats of the organisation. Lastly, this report is helpful to discuss the organisational culture to understand the core valuation of the selected organisation. Recommendation In order to improve the performance of NAB, it can be recommended that this particular organisation can adapt the strategic management program. As per this program, the senior bankers and the other members can get the opportunity to reassess as well as can explore the activities. In addition, the organisation can construct new techniques for the development of strong and the strategic management. In this occasion, NAB can develop the strategic positioning as it considers new competition for the further growth. The function of the asset management and the private banking is needed to be explored. On the other hand, the management and the other member of this organisation can learn the big data analysis and can also update the new ideas in order to achieve the consumer-centricity. Furthermore, in order to expand the asset and liability, the workers can lean new techniques and approaches. The company can be more successful if it can adapt the product building strategy. This strategy wil l be beneficial, who opens new bank savings account. Therefore, in this connection, it can be suggested that if NAB can follow all of these discussed strategies or techniques, then the organisation will be more successful. References Abubakar, A.A. and Tasmin, R.B.H., 2012. The impact of information and communication technology on banks performance and customer service delivery in the banking industry.International journal of latest trends in finance and economic sciences,2(1). Amdemikael, A., 2012.Factors affecting profitability: An empirical study on Ethiopian Banking Industry(Doctoral dissertation, aau). Augusto de Matos, C., Luiz Henrique, J. and de Rosa, F., 2013. Customer reactions to service failure and recovery in the banking industry: the influence of switching costs.Journal of Services Marketing,27(7), pp.526-538. Goyal, K.A. and Joshi, V., 2012. Indian Banking Industry: challenges and opportunities.International Journal of Business Research and Management,3(1), pp.18-28. Haiss, P., 2013.Cultural influences on strategic planning: empirical findings in the banking industry. Springer Science Business Media. Kroszner, R.S. and Strahan, P.E., 2014. Regulation and deregulation of the US banking industry: causes, consequences, and implications for the future. InEconomic Regulation and Its Reform: What Have We Learned?(pp. 485-543). University of Chicago Press. Liikanen, E., 2012. High-level Expert Group on reforming the structure of the EU banking sector.Final Report, Brussels,2. Mols, N.P., 2013. The Internet and the banks strategic distribution channel decisions.International Journal of Bank Marketing. Nab.com.au. (2016).Our business at a glance. Available at: https://www.nab.com.au/about-us/our-business-at-a-glance [Accessed on 1 Sep. 2016]. Perez, A., Martinez, P. and Del Bosque, I.R., 2013. The development of a stakeholder-based scale for measuring corporate social responsibility in the banking industry.Service Business,7(3), pp.459-481. Riasi, A., 2015. Competitive advantages of shadow banking industry: An analysis using Porter diamond model.Business Management and Strategy,6(2), pp.15-27. Singh, B. and Malhotra, P., 2015. Adoption of Internet banking: An empirical investigation of Indian banking Sector.The Journal of Internet Banking and Commerce,2004. Sullivan, S., 2013. Banking nature? The spectacular financialisation of environmental conservation.Antipode,45(1), pp.198-217. Uzkurt, C., Kumar, R., Semih Kimzan, H. and Eminoglu, G., 2013. Role of innovation in the relationship between organizational culture and firm performance: A study of the banking sector in Turkey.European Journal of innovation management,16(1), pp.92-117. Wu, H.Y., 2012. Constructing a strategy map for banking institutions with key performance indicators of the balanced scorecard.Evaluation and Program Planning,35(3), pp.303-320. Wu, M.W. and Shen, C.H., 2013. Corporate social responsibility in the banking industry: Motives and financial performance.Journal of Banking Finance,37(9), pp.3529-3547.

International Business and Globalization †Free Sample

Question: Explain International Business and Globalization? Answer: Introduction Global business embodies every business exchange (private and legislative, deals, ventures, logistics, and transportation) that happen between two or more locales, nations and countries past their political limits. Normally, privately owned businesses attempt such exchanges revenue driven; governments embrace them for the benefit and for political reasons. The expression "worldwide business" alludes to each one of those business exercises which include cross-outskirt exchanges of merchandise, administrations, assets between two or more countries. Exchanges of monetary assets incorporate capital, abilities, individuals and so forth for universal generation of physical products and administrations, for example, fund, managing an account, protection, and development. Multinational ventures are the essential drivers of globalization and through their speculation convey considerable advantages to the working and living states of a large number of individuals around the world. Along these lines, they have a crucial part to play in advancing monetary and social advancement. Today, organizations progressively request adherence to universally acknowledged work measures and standards in their operations incorporating in their quality chains. These models and standards underscore the arrangements that convey profit, and urge organizations to work in a socially dependable way. Global business includes every business exchange private and administrative between gatherings of two or more nations. Worldwide occasions and rivalry influence all organizations substantial or little. In any case, the global environment is more perplexing and assorted than an association's residential surroundings. A worldwide business has numerous choices for working together; it incorporates sending out merchandise and administrations, offering permit to deliver products in the host nation, beginning a joint endeavor with an organization, opening a branch for creating disseminating products in the host nation, and giving administrative administrations to organizations in the host nation. Globalization is the closer coordination of nations and people groups of the world which has been realized by the tremendous diminishments of expenses of transport and correspondences and the separating of counterfeit obstructions to the stream of merchandise, administrations, capital, and learning and to a lesser degree, individuals crosswise over outskirts. Globalization is an universal word for a multifaceted arrangement of financial, social, innovative, social and political changes seen as expanding relationship, combination and communication in the middle of individuals and organizations in unique areas. The idea has been alluded to as 'the contracting of time and space. The Impact of Globalization Competition Globalization has additionally expanded business sector rivalry, thus expanding the significance of powerful worldwide promoting. Numerous associations can't depend on the way that they are the main player in a long held residential business sector, there are new contenders from abroad seeming constantly. Globalization prompts expanded rivalry. This rival can be identified with item and administration cost and value, target market, innovative adjustment, speedy reaction, fast generation by organizations and so forth. At the point when an organization produces with less cost and offers less expensive, it has the capacity expand its piece of the pie. Clients have an expansive huge number of decisions in the business and this influences their practices: they need to procure merchandise and administrations rapidly and in a more effective manner than some time recently. They likewise expect astounding and low costs. Every one of these desires require a reaction from the organization, overall offers of organization will abatement and they will lose benefit and piece of the pie. An organization should dependably be prepared for value, item and administration and client inclinations in light of the fact that these are worldwide business sector prerequisites. Infrastructure Transport and circulation frameworks are more proficient than any time in recent past, making it simpler, speedier and less expensive for organizations to get their items to shoppers. Electronic exchanges have additionally made making and accepting universal installments speedier and more secure. Technology A standout amongst the most striking appearances of globalization is the utilization of new advances by entrepreneurial and universally arranged firms to endeavor new business opportunities. Web and e-business strategies hold specific potential for SMEs trying to increase their association into new worldwide markets. Innovation is additionally one of the principle apparatuses of rivalry and the nature of merchandise and administrations. Then again it requires a considerable amount of expense for the organization. The organization needs to utilize the most recent innovation for expanding their deals and item quality. Globalization has expanded the pace of innovation exchange and innovative change. Client desires are coordinating markets. Generally organizations in capital serious markets are at danger and that is the reason they require fast/quick adjusting concerning the client/market desires. These organizations need to have proficient innovation administration and effective RD administration. Learning and Information exchange Information is a most lavish and profitable creation considers the current environment. Data can be effectively exchanged and traded starting with one nation then onto the next. On the off chance that an organization has an opportunity to utilize learning and data then it implies that it can adjust to this worldwide evolving. This issue is comparable with the innovation move issue in worldwide markets. The fast changing of the business sector requires likewise snappy exchange of information and proficient utilizing of that learning and data. Expended Markets Globalization will keep on bringing more purchasers and venders together into what's to come. The associations that have the capacity to benefit as much as possible from the opportunities globalization gives stand to the most obvious opportunity with regards to succeeding in their universal showcasing crusades. From the business point of view, one impact of globalization is that of extended markets. This implies that a business that had already just sold its products locally can begin offering items to different nations. One sample of extended markets incorporates the car business. Prior to the fall of the Berlin Wall, those living in nations affected by socialism just had entry to autos that were created locally or in other socialist markets. This was because of exchange boundaries with the West. At the point when socialism fell, Western economies, that is, nations that were not under socialist impact, had the capacity grow their businesses to previous comrade nations. This thus exp anded their benefit potential. Less expensive Resources Another outcome of two-sided exchange assertions is the entrance to less expensive assets. Until the begin of the 1990's, the People's Republic of China was generally shut off to whatever is left of the world. Numerous organizations in the United States delivered their products either locally or in regions with somewhat less extravagant work. At the point when China opened its market to whatever remains of the world, then again, American organizations had the capacity exploit the far less expensive work. This is known as outsourcing. Less expensive work adds to less expensive expenses, which thusly adds to bigger benefits. Some of the time, however not generally, this may additionally mean less expensive items and administrations. Global Development Global improvement, as a result of globalization, emerges out of a mix of both extended markets and in addition less expensive assets. A prime sample of this is India. Before the late 90s, the data innovation area in India was to a great extent in its outset stage. Be that as it may, coupled with an informed yet reasonable workforce, outside organizations had the capacity begin backups of innovative exercises in urban communities like Bangalore. This mechanical expertise spread to nearby firms, who thusly developed as a consequence of extended markets both in India and in addition whatever remains of the world. The influence of Globalization on MNEs Growing the geographic foot shaped impression of your business has dependably been an extravagant and unsafe suggestion the dangers have not gone away, they've quite recently moved. I accept we're in a situation where we have a short window (3 5 years) prior to the scene changes once more. Presently, globalization is a creating and balancing out power, however I'm dreadful that the entomb conditions now shoring up a portion of the danger, might sooner or later not far off betray us as budgetary swell turns. Here's the alert times change and markets are liquid. Transient open door abroad flourishes, however with that opportunity comes the potential for unforeseen future danger. That said, and with eyes completely open, in the event that you are not making forceful moves to exile your business then you may be committing an enormous error. In today's commercial center leading business universally is as a lot of a guarded play as a hostile play. In inspecting the upside of going worldwide, consider the sheer size of universal markets as diverged from the span of the residential business sector and you will probably find that the lion's share of your potential clients live abroad. So on the chance that you could twofold, triple or fourfold your income is there any good reason why you wouldn't forcefully seek after that objective? Presently consider the drawback of not going worldwide if your organization is not seeking after those clients your rival will be. They won't just exploit securing client reliability and brand acknowledgment, however they will likewise tie-up key accomplices and conveyance understandings. As purchasers keep on getting to be additionally requesting and the world economy keeps on flattening there will soon be a desire that you have the capacity to serve numerous business sectors in a consistent m anner. Being a moderate adopter in today's reality could in the end harm your business. The sensation of "Globalization" is not new. Indeed, it has been inching up on us since the beginning of time; it simply hasn't been so noticeably impactful until late years. The expansive macro-financial impacts of globalization being experienced today seemingly got to be most identifiable with the end of the frosty war, and have just proceeded with their fast progression with the advancement of underdeveloped nations and other developing markets, foundation of organized commerce assentions, the production of the Internet and other innovation/correspondences upgrades, the developing multi-national foot shaped impression of business, the development of the European Community, the settling effect of the Euro on worldwide coin markets, and also the expanded liquidity of more refined and effective capital markets. The above referenced overall macroeconomic development, all the more normally alluded to today as "Globalization," has served to balance out business and monetary markets in such an emotional design, to the point that numerous industry intellectuals have yet to achieve a comprehension of the profundity and expansiveness of the effect it has had on bringing down political, money related, and financial instability. Here's the trap markets don't go up for ever, and when you attach your fortunes to a more extensive arrangement of variables and questions you open your business to the potential for a domino affect that will conflict with you. I specified a 3 -5 year window above, yet like any individual who looks forward, this is simply my best figure. Sooner or later in the close to mid term, I accept we'll see a shift in businesses that loosen up a great part of the current steadiness driving our current foamy capital markets and business development. How about we analyze the balancing out variable globalization has had on the world economy. Today's exchange shortage, petroleum evaluating, down value markets, lodging emergency, tightened stream of stores, and general average cost for basic items ought to be testing us more than it is. Routine financial hypothesis would propose that with a significant number of the negative monetary measurements in play today, our advantage rate environment ought to more nearly take after that of 1980 than the low intrigue rates we are encountering today. The contrast between today's money related scene as stood out from that of 1980 is the development of a genuinely worldwide economy which is going about as a balancing out component. Truth be told, when the US experienced the Great Depression it was to a great extent a consequence of having a detached economy. On the chance that (more probable when) the US economy does flounder once more, the between dependent nature of the worldwide economy will probably fight off a breakdown. In the occasion of serious money related turmoil in the US, you would see remote venture from the G7, and nations like China, Japan, and Dubai would see it as a chance to reasonably get premiums in US organizations. The hypothesis embraced above, while working for us in a matter of seconds, can just remain constant for so long The steadiness we are encountering now, could betray us if the financial downturn proceeds for an amplified period. You see, the inter-dependency that is right away protecting the US could indeed transform into a worldwide domino impact bringing about an overall retreat if the right blend of things become alright. I think about what I'm attempting to bring up here is that the current support could transform into an unfavorable accelerant in a more awful case situation. Likewise remember that developing markets in Eastern Europe, India, Latin America, China and whatever remains of Asia present situations for higher development, even on a danger balanced premise. On a total premise the measurements are amazing. For instance, right now 80 percent of the world's populace represents 20% of global GDP. By 2015, 50% of planet GDP will be represented by developing markets. Putting in consideration the goal to take care of expanded buyer demand numerous organizations are endeavoring to extend their geographic foot shaped impression and extend their worth affix to a global level. The effect of globalization on business is best confirm by the enormous multiplication in cross-outskirt exchanges. To secure yields and look after aggressiveness, organizations are keeping on enhancing their foot shaped impression as it brings down the beta element on their speculations by spreading hazard over a more extensive business sector. What really matters on globalization is that it makes an open door for organizations to extend income streams, broaden hazard and build brand value. My recommendation is to get a toe hold in the worldwide market before the boat departs the harbor and your window of chance has shut. I would likewise propose you pick your business sectors well, and that you understand a couple of years not far off, the scene will look uniquely in contrast to it does today. Emerging Economies and Globalization In late decades, there have been noteworthy changes in the way corporate development exercises are performed. They incorporate changes in the development process, adaptability to outsource certain advancement exercises and, by a long shot the most essential one, more extensive decision in the area of advancement. What got the most consideration of policymakers, scholastics and corporate administration is the pattern toward globalization of innovative work (RD) and along these lines execution of development exercises far from the nations of origin. The principle concerns identify with the two new patterns: in the first place, the new pattern of multinational organizations (MNCs) finding vital development exercises in a few nations outside the industrialized world, which can be alluded to as 'developing economies'; and second, subsequent to 2000, a few organizations from the rising economies have begun entering the worldwide markets with inventive items and administrations, grew through their own RD. Both these new advancements have administrative ramifications for organizations and strategy suggestions for the host nations (where such RD is performed), and also for the nations of origin of the organizations. The examples of MNCs finding their worldwide advancement exercises in rising economies and the neighborhood organizations in host nations getting to be administration suppliers are being joined by another new pattern. The organizations situated in rising economies customarily contended in their own neighborhood showcases by assembling items in view of either adjusted or provincially enhanced advances imported from abroad. In the situations where they sent out such items, they mostly went to business sectors in other creating nations. Their client base was likewise not the same as those of MNCs and different organizations from the industrialized world. However since the start of 2000, some these rising economy organizations began creating items and administrations for the worldwide markets through their own particular RD endeavors. These inventive items have a tendency to go after the same client base of organizations from industrialized nations over the globe: (i) either specifically contending in the current markets (e.g., markets for nonexclusive medications); and/or (ii) entering the potential future markets for MNCs (e.g., in the third nations). This new sensation has not been considered much so far. As per Mathews (2006, pp. 67), a few organizations from the fringe (creating) nations, especially from the Asia Pacific district, have risen as challengers to conventional MNCs. He calls them 'mythical serpent multinationals.' These are firms that began late and have conquer their inconveniences, for example, low asset base, abilities, information, absence of nearness to significant markets and social capital that is to be found in areas like Silicon Valley, to develop as industry pioneers. They have succeeded for the most part by utilizing some way or another into worldwide markets through associations and joint endeavors. The globalization handle likewise incorporates a countervailing weight by the outskirts on the middle, as associations in the fringe are prepared to endeavor the new open doors created by the making of worldwide markets. This is less demanding for them than the organizations from the industrialized world that are loaded by existing disposition that make them regar d the world market as their own home market. Firms from rising economies are additionally in a moderately better position to endeavor certain home-based points of interest, for example, stores of building abilities accessible at considerably lower cost and minimal effort fabricating base. Developed Economies and Globalization Globalization has expanded flourishing basically on the planet's propelled economies throughout the most recent two decades, while profiting creating and recently industrialized nations. That is one of the key discoveries from a study on the effect that globalization has had in forty two countries countries. As indicated by the study, the world's expanding interdependencies have not shut the hole between first-world nations, for example, Denmark, Japan and Finland from one viewpoint, and industrialized nations on the other. Just over the long run will it help decrease the distinction in thriving between the world's propelled economies, from one viewpoint, and creating nations and industrialized nations, on the other." in the meantime, another round of protectionism would be the wrong reaction to this improvement and subsequent to financial nonintervention decreases development impacts in industrialized nations. "Initially world nations are the ones who advantage from globalization specifically, which implies more proactive improvement collaboration is required. To help less created nations make up for lost time with their created partners, the specialists suggest coordinating forming nations and industrialized nations into the worldwide economy to a more prominent degree than has been the situation previously. As indicated by the specialists, mechanical countries ought to open their businesses to items from less created nations, decrease their endowments for agrarian items at home and trust instructive projects and the development of base, creation offices and the significant innovations in creating nations and industrialized nations. Innovatively more propelled nations appear to have more noteworthy concerns in regards to the information outpourings through globalization of RD. Studies recommend that information really streams in both bearings, from remote MNCs to host nation associations and in addition from host nation associations to outside MNCs. On a normal, MNCs appear to increase all the more regarding information streams from the host nation associations than what streams out from MNCs to the host nation. This asymmetry in learning streams is reflected in the total picture, as well as on account of the vast lion's share of the individual nations. In a few nations, for example, the UK and Belgium, notwithstanding, the two-way learning streams between MNC auxiliaries and host nation associations are very nearly symmetric. On account of some different nations, information streams from outside MNCs to host nation associations surpass learning inflows to MNCs. The cross-segment contrasts inside nations demonst rate that information surges are more prominent in divisions where the host nation has moderately stronger mechanical capacities. Dissecting the information on vocation histories of patent innovators, Singh showed that in nations with where MNCs have procured generously more number of faculties from residential associations than they lost to them prompted more prominent learning. Conclusion Hence, nations with unlimited modern experience had a solid game changer in these innovations. The entrance boundaries were so high it was not possible latecomers. At the same time in the new science-based advancements, a significant part of the obliged information is classified, thus the corporate world's developing accentuation on protected innovation rights. The taking in ideal model has begun moving from that of 'adapting by-doing' toward 'adapting via preparing,' The science-based advances, by bringing down the entrance obstructions, opened up new chances to latecomers to contend in the worldwide economy on an equivalent balance. The achievement of South Korea and Taiwan in the gadgets business is a confirmation of this procedure. A comparable methodology is in progress in other innovation parts, for example, programming, telecom, biotechnology and nano-innovation, opening up new chances to developing economies that have a significant number of prepared researchers and specialis ts. Moreover, even ordinary innovations themselves incorporate huge extent of new advances in their items. Right now the rising economies don't represent a huge direct risk to the industrialized nations. Yet in the medium-term, with the presence of vast household markets and the accessibility of ease assets, a few organizations situated in developing economies are prone to tight the mechanical and financial hole with the MNCs. As contrasted to taking a look at the rising economies as potential contenders, organizations situated in industrialized nations could concentrate on the potential open doors that developing economies can open up. The business system of organizations from the industrialized nations has customarily been to concentrate on items (more progressed) and markets that furnish higher overall revenues with low deals volumes. Such a system emerges from the little local business, which has a capacity to pay higher costs. Then again, organizations in the rising economies take after a methodology of attaining to high deals turnover, even with low overall revenue. The shoppers in developing economies have lower obtaining force, thus the interest is touchier to cost. Thusly, organizations infer benefit through higher deals volumes. Given the developing expense affectability, without trading off on usefulness and quality, in the quickly developing markets, the conventional business methods of taking a stab at high overall revenues on low volumes may need to be updated. The writing on global business throughout the span of the previous decade has been to a degree receptive to the new patterns portrayed previously. It has now moved from review the MNC as specialists of internationalization to one where the MNC is seen as both initiator and recipient of globalization. Alongside this shift in accentuation there has been a shift in comprehension the basis of multi-nationality and the methods through which firms try to get focal points from globalizing, MNCs worked in an administration of import substitution and shut markets and in this manner needed to make mini-versions of themselves as pretty much independent backups in every national business sector. 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