Corporate Greed, Lies And Unethical Practices - 1001 Words

Corporate Greed, Lies and Unethical Practices The Case of Jordan Belfort Chase Chamberlin University of Nevada, Las Vegas CRJ 410 Dr. Melissa Rorie November 17, 2015 I. Introduction: In today’s society crime occurs everyday across all aspects of life. One particular crime is that of white collar and corporate level crime. It is important that we as a society study this type of crime in depth because many individuals believe that white collar and corporate level crimes are victimless crimes when in reality they have the potential to destroy major corporations and economies all with one single case. The news or media rarely talk about this type of crime because it is often difficult to understand and individuals typically lack interest in these types of cases. One particular case is that of Jordan Belfort. Dubbed the infamous â€Å"Wolf of Wall Street† Jordan Belfort is a former stockbroker who robbed investors of over $200 million dollars to create his wealth through â€Å"pump and dump† schemes, insider trading, money laundering securities fraud, and stock-market manipulation. As an attempt to further understand these complex cases I will break down Belfort’s case as far as the methods and means as to how he got started, his use of â€Å"pump and dump† schemes and other means as to how he acquired his wealth. In addition to this I will discuss the sanctions and disciplinary action that Jordan Belfort was given, how the case affected society and what new regulations wereShow MoreRelatedEthical Issues of the Enron Scandal: A Potential Solution948 Words   |  4 PagesEthical Issues of the Enron Scandal: A potential solution Enrons entire scandal was based on a foundation of lies characterized by the most brazen and most unethical accounting and business practices that will forever have a place in the hall of scandals that have shamed American history. To the outside, Enron looked like a well run, innovative company. This was largely a result of self-created businesses or ventures that were made off the balance sheet. These side businesses would sell stockRead MoreEnron Was The Largest Bankruptcy Of America Essay1224 Words   |  5 Pagesworld’s 7th largest corporation, valued at 70 billion dollars. At that time, Enron’s business model was full of energy and power. Ken Lay and Jeff Skilling had raised Enron to stand on a culture of greed, lies, and fraud, coupled with an unregulated accounting system, which caused Enron to go down. Lies were being told by top management to the government, its employees and investors. There was a rise in Enron s share price because of pyramid scheme; their strategy consisted of claiming so much moneyRead MoreThe Ethics Of The Enron Scandal1441 Words   |  6 Pagesmany have known and read about is the Enron Scandal. The motive behind what a person will do remains endless as it is seen in this unfortunate tale of lies and greed in one corporation. The part that many question even to this day is when the story unfolded it was announced that several people in high positions were all aware of the unethical practices being done but, all decided to turn a blind eye. In the next few paragraphs, we will look at the events that led up to the fall of a company that wasRead MoreEnron : The Demise Of Enron1740 Words   |  7 Pagesarrogant corporation, mainly because of its corporate leadership. The fairytale of Enron actually ended as a nightmare with it destroyed by one of America’s largest bankruptcies in history. The demise of Enron impacted the livelihood and futures of numerous employees, their pensions, and in due course impacte d Wall Street in a significant way. Even people today are amazed at how such a powerful company met its demise so rapidly. Enron’s end was a product of greed when certain executives of Enron were notRead MoreJust Following Orders Essay1390 Words   |  6 PagesVinson make the ethical decisions that she made? In my opinion, from the two articles read I do not believe that the sentence of 5 months in prison that Ms Vinson received coincided with her level of involvement. Ms Vinson was the Senior of Corporate Reporting Department; for two years she chooses to continue to misrepresent and inflate figures that were to be used on WorldCom Financial Reports. Perhaps in the beginning it was strongly encouraged to her inflate the figures by Mr. Ebbers so thatRead MoreThe Ethics Of The Enron Case1622 Words   |  7 PagesIntroduction The Enron case is well known for being the largest corporate bankruptcy in American history. Thousands of people world-wide lost billions of dollars, lost life savings, and lost their jobs. Due to the vast corruption, greed and the blatant disregard for integrity from the very top of Enron leadership, world markets crumbled and investor confidence in corporate America was severely damaged (Chandra, 2003.) We will look at the accounting fraud committed by Enron executives and interestedRead MoreImportance of Business Ethics988 Words   |  4 Pages........................................................................................1 Business Ethics.......................................................................................................................2 Disadvantages of Unethical Behavior....................................................................................2 Case Study..............................................................................................................................3 Analysis ofRead MoreThe Ethics Of The Enron Collapse Of Enron s Bankruptcy1969 Words   |  8 Pagessprees, wild corporate â€Å"gatherings† became the norm. Employees who could not afford the lavish lifestyle created at Enron began to take a toll on them. Trying to keep up with the crowd, lower level employees found themselves maxing out their credit cards and putting themselves in debt. This created an environment that seemed to worry less about earning actual profits. According to Li (2010), shareholders and employees were told by Enron’s CEO the stock would probably rise but did not disclose heRead MoreEthical Issues Faced By The Adelphia Case1310 Words   |  6 Pagesto disclose billions of dollars in debt. To make matters worse, the company’s independent auditors were found to have been complicit in the fraudulent activity, helping the company to conceal the lavish personal expenditures of the Rigas family. Unethical Beginning The first major ethical problem raised by the Adelphia case relates to the manipulation of Adelphia’s financial statements. John Rigas and his sons routinely â€Å"cooked the books,† purposefully inflating earnings in an effort to meet shareholders’Read MoreWorld Com1454 Words   |  6 Pagestherefore they did not respect their employees. If the employees didnt make their goals they were terminated. Also the expectations for everyone were set too high and people were unable to meet these expectations without doing something, illegal or unethical. 2)Refer to the Ethical Principles/Tenets posted in doc sharing. Explain specifically, which ethical principles/tenets were compromised by the key administrators in the WorldCom scandal. (Name the administrators and their titles in your explanation

The Exclusion Clause Between Spinning Farm Limited

In contract agreements, terms are being designed to provide a stable formation. The protection of the parties guaranteed by the terms of the contract. In these binding terms, are listed all the duties and obligations of each party. This essay will first explore, the validity of the exclusion clause between Spinning Farm Limited (â€Å"SFL†) and Maz’s Supermarket by analysing the aspects of incorporation (by signature; L’ Estrange1, by notice; Olley2, Chapeltion3 and Parker4 and the course of dealings; Hollier5). Also a broad explanation of construction (Contra Proferentem rule; Houghton6) and statutory controls. Moreover, a formulation of an exclusion clause will be placed to protect the â€Å"Pick Your Own Strawberries† scheme of SFL from any future claims of consumers. Research into the Unfair Contract Terms Act 1977 (â€Å"UCTA†)7 and Consumer Rights Act 2015 (â€Å"CRA†)8 should be analysed. This essay will substantiate the view that the exclusion clause of the Spinning Farm Limited was unfair, therefore, a claim from Maz Supermarket would be entirely justified. Before considering the exclusion clauses, it is worthwhile to consider the formation of a contract. The requirement of an offer, acceptance and consideration are necessary. The Offer is the willing on terms from the offeror with an intention to be binding with the offeree. The acceptance by the offeree is an unconditional agreement to the terms. Creation of legal relations is a concept which states that an agreement is legallyShow MoreRelatedThe Exclusion Clause Between Spinning Farm Limited1664 Words   |  7 Pageseach party. This essay will first explore, the validity of the exclusion clause between Spinning Farm Limited (â€Å"SFL†) and Maz’s Supermarket by analysing the aspects of incorporation (by signature; L’ Estrange1, by notice; Olley2, Chapeltion3 and Parker4 and the course of dealings; Hollier5). Also a broad explanation of construction (Contra Proferentem rule; Houghton6) and statutory controls. Moreover, a formulation of an exclusion clause will be placed to protect the â€Å"Pick Your Own Strawberries† schemeRead MoreThe Exclusion Clause Of Sfl1694 Words   |  7 Pageseach party. Part 1 will consider the validity of the exclusion clause between Spinning Farm Limited (â€Å"SFL†) and Maz’s Supermarket by analysing the aspects of incorporation (by signature; L’ Estrange, by notice; Olley Chapeltion and Parker and the course of dealings; Hollier). Also a broad explanation of construction (Contra Proferentem rule; Houghton) and statutory controls. In order to answer Part 2, it will necessary to structure an exception clause for SFL to avoid any future claims of consumers.Read MoreOne Significant Change That Has Occurred in the World Between 1900 and 2005. Explain the Impact This Change Has Made on Our Lives and Why It Is an Important Change.163893 Words   |  656 Pagesof the world’s human population for the first time in history. He gives considerable attention to changes in city planning, patterns of urban growth, and important differences between industrialized Europe and North America and the developing world, as well as the contrasts in urban design and living conditions between different sorts of political regimes— communist, capitalist, colonial, and fascist. Particularly revealing are Spodek’s discussions of the influence of prominent urban planners

Macbeth/Theme Essy Free Essays

Takierra Garth Block 50 March 13 2013 (Macbeth/Theme Essy) In the begging where it started off with three creepy witches cackling as they were discussing when they’ll meet again, and decide to hook up â€Å"When the hurly-burly’s done, when the battle’s lost and won. â€Å"(line 3-4) The implication is that they’ve been up to something really bad. They let the audience in on their plan to meet some guy name Macbeth. We will write a custom essay sample on Macbeth/Theme Essy or any similar topic only for you Order Now And then cut to post-battle, where we learn that this Macbeth has been kicking serious tail in battle so much that King Duncan has decided to give him the title Thane of Cawdor. He’s prancing home on a dark and stormy night after defending King Duncan in battle with some skilled enemy-disemboweling. Understandably, he’s feeling pretty good about himself. The witches then call out to Graymalkin and Paddock, or spirits that serve the witches. All three witches start to say, â€Å"Fair is foul and foul is fair†(line10-11) before going back about their business. Just then, him and his good friend Banquo run into three bearded witches who rhymingly prophesy that Macbeth will be named Thane of Cawdor and King of Scotland. Just as Banquo is curious about his knowing what he will become. And then they begin to say â€Å"lesser than Macbeth and greater but not so much happy, yet much happier thou shalt get kings. Though thou be none†. (line 65-68) And what they mean by that is he will be fortunate than Macbeth and be father to a long line of future kings of Scotland though he will not be king himself. The next thing we know, a guy named Ross shows up to say that, since the old Thane of Cawdor turned out to be a traitor and is about to have his head chopped off and displayed on a pike, so Macbeth gets to take his place as Thane of Cawdor then that takes care of the first prophecy. His ambitious wife, Lady Macbeth, prods him into acting like a man and killing King Duncan when the poor guy comes to Macbeth’s castle for a friendly visit. When Macduff finds the king’s dead body, Macbeth kills the guards and conveniently accuses them of murdering the king. King Duncan’s two sons, Donalbain and Malcolm, find out what happened, then they ends up leaving out of Scotland so they can’t be murdered too. Macbeth is now named king of Scotland. Now Macbeth starts to worry about the witch’s prophecy that Banquo’s heirs will be kings. Macbeth’s not about to let someone throw him off the throne so, he hires some hit-men name Fleance to take care of Banquo and his son. Banquo is murdered, but Fleance escapes. As Banquo and Fleance live, his mind is full of scorpions. Lady Macbeth states that everybody dies, which may be a warning to Macbeth to cool it, or may be a self-reassurance that everyone has to go sometime, so her husband might as well murder their friend and his kid. At a park near the palace, the two murderers are joined by a third. Only a bit of light remains in the sky. Banquo and Fleance approach on horseback and dismount to walk the mile to the palace, as usual. Banquo starts up with a friendly conversation and is promptly stabbed. While being stabbed, he encourages Fleance to run away and eventually take revenge. In the meantime, the torch has gone out, and Fleance takes advantage of the darkness to escape. With Banquo dead and Fleance on the run, the murderers head off to the dinner party to report the half of the job they’ve done. How to cite Macbeth/Theme Essy, Essay examples

Solar Energy Project in East Timor-Free-Samples for Students

Question: Discuss about the Solar Energy Project in East Timor. Answer: Introduction ATA stands for Alternate Technology Associations. It is a nonprofit organization. It aims to make the most utilization of the alternative form of energy. This report focuses on a solar project by ATA in an underdeveloped country called East Timor. This report explains about the project execution plan of this solar energy project. Problem Statement The Alternate Technology Associations is a nonprofit organization. Its project in East Timor is a solar energy project. Solar energy is an alternative form of energy that is required in every place. It is a renewable energy. East Timor is the neighbor of Australia and it is an underdeveloped country. About thirty five per cent of the houses in East Timor do not have the supply of electricity ("MGT5IPM Introduction of the ATA and Its East Timor Project", 2017). This country does not have access to the national electricity grid. Project Execution Plan Project Objective The small scale solar project in East Timor aims at providing the houses at East Timor with solar electricity that is renewable in nature. The main project that they have worked for ten years is Village Lighting scheme that aims to supply clean solar powered basic electricity and lighting for the households that are located in the rural and remote areas and have no access to the national grid of electricity("MGT5IPM Business Case Planning", 2017). And now they are planning to expand it. Scope The scope of the Solar Energy project in East Timor is to provide solar electricity to at least 800, houses in the country. Training of around 30 to 40 technicians in the locality and set up village committees also fall under the scope of the project. Project Completion Time: 2 years Financial plan The financial worth of the project was 300,000 dollars from the year 2014 to 2016. Google Impact Challenge was the main fund providing source for this project. Previously ATA had relied on donations from the members and small donations from any other nonprofit organizations and groups ("The Alternative Technology Association ATA solar projects in East Timor", 2017). But Google had contributed the most in this project that helped ATA to successfully develop the solar energy project in East Timor. The East Timor Friendship groups had also played an important role in funding the solar energy project. Project Design Plan ATA had planned to design a solar system that was specific for the purpose of this project. It needed a lot of technical designing and developmental work. This was carried out by long term volunteers of ATA (Kerzner, 2013). These volunteers had electronics skills. A microbe controller in the system was developed that was extremely powerful in nature. This was very hard to get tampered. Project Management Methodology A systematic approach has been followed by ATA to carry out this solar energy project in East Timor. Their previous Lighting project had helped them to develop a good idea about the country (Burke, 2013). ATA had a partnership with a local organization that had helped them in the planning and execution of this solar energy project. The initial plan was to enhance the solar lighting scheme. The ATA team planned to work with the local communities in the village where they were planning to install the system. They had planned to set up a village committee that was responsible for the management of this project in that area (O'Connell, 2012). This village committee would be responsible for maintaining the solar system installed at every house and also for purchasing spare parts and repairing any broken part. In order to make this plan sustainable and successful, ATA trained local solar technicians in every village. These technicians were trained to install the system and regularly maintain the systems. They were also trained to repair the systems and take any backup or support form ATAs partner organization. This team was able to provide support for any type of complex process. ATA had planned to design database and solar map for tracking of the ATAs present and future projects (Larson Gray, 2013). This was a new plan that has not been done before in East Timor. Installation Plan There were two types of season in East Timor: wet and dry seasons. The plan of ATA was to install the systems in every house in two dry seasons. They followed a backward plan. They had planned to remunerate their partner organizations in order to carry out this plan. Careful planning and sequencing was done to install the systems in 12 different villages of East Timor over three different districts. Logistics Plan They had planned that the vehicles that took the systems for installation could take only certain number of systems at a time. There was only one truck that carried out this function. So there was proper planning so that the truck is able to take the systems with no delay and made sure that the condition of the local roads was all right. Project Risks The main risk seen in this project for ATA is their inability to speak the Timorese language. They had the local organization that had been involved in a water management project and had idea about the local community. They even know how to manage and handle huge amounts of money. But the risk lies in the indirect communication that takes place in East Timor. Even if the language was translated to ATA, they could not get idea about the indirect communication of the people (Bahadori Nwaoha, 2013). Another main risk or challenge faced by the project is the purchasing or procurement issue. ATA aimed to get high quality solar energy equipments that were not possible to be delivered by the local organization or the Timorese organization. There is also some kind of exchange rate risk involved in case of importing the components. Risk Management or Control Plan Some of the members of ATA have their own electronic businesses. The other members are involved in designing and technical activities so ATA can make their own devices. Some of the components were taken from China following the process of ethical supply chain management. The main regulator of the system was designed in Melbourne. While making the budget plan an allowance was made for the exchange rate risk due to the fluctuations in the foreign exchange. Recommendation This project can be improved in the future by using bio solar cells. Researchers have also developed photo bioelectrochemical cells that use the reaction of photosynthesis. Another method that can be used is reshaping of the solar spectrum for turning it into electricity. These methods are modern and advanced methods that can be used for the purpose of generating electricity. Conclusion This report concludes that the solar energy system in East Timor will help the natives of the place in several ways. This project report explains the steps to be taken in order to execute the plan of this project. References Bahadori, A., Nwaoha, C. 2013. A review on solar energy utilisation in Australia.Renewable and Sustainable Energy Reviews,18, pp.1-5. Burke, R. 2013. Project management: planning and control techniques.New Jersey, USA. Kerzner, H. 2013.Project management: a systems approach to planning, scheduling, and controlling. John Wiley Sons. Larson, E.W., Gray, C. 2013.Project Management: The Managerial Process with MS Project. McGraw-Hill. MGT5IPM Business Case Planning. 2017.YouTube. https://www.youtube.com/watch?list=PLE5HAQYUwLAd1tTH_UdzWEleUKVLyHoKwv=wxrKRPz7MJc, August 18, 2017. MGT5IPM Introduction Of The ATA And Its East Timor Project. 2017.YouTube. https://www.youtube.com/watch?v=TB7qM8s8bpY, August 18, 2017. O'Connell, M. 2012. (Solar) power to the people of Timor Leste.ECOS,2012(168). The Alternative Technology Association ATA solar projects in East Timor. 2017.Ata.org.au. https://www.ata.org.au/ata-solar-projects-in-east-timor, August 18, 2017.

Beowulf- A Pagan Novel Essays - Beowulf, Geats, Anglo-Saxon Paganism

Beowulf- a Pagan Novel Mike Beowulf: A Pagan Work The poem Beowulf was written in England sometime in the 8th century. It was written during a time when the society was in the process of being converted from paganism to Christianity. The Christian influences are combined with early folklore and heroic legends of Germanic tribes. Yet, the pagan elements in the epic poem Beowulf clearly overshadow the Christian elements, and it is visible in the characters superhuman personifications, their hunger for revenge, and their strong belief in fate. The main character, Beowulf, is depicted as a superhero in many of his extraordinary battles. During the battle with Grendel's mother, when Beowulf realizes that Unferth's sword is useless against the monsters thick skin, he grabs the best of all weapons / But so massive that no ordinary man could lift / Its carved and decorated length(1558-1561). This shows the significance of Beowulfs strength, because if it were any other man, they would not be able to lift this sword and kill Grendels mother. His strength is far superior to any other human, and therefore Beowulf fits the epic and pagan quality of being "head and shoulders" above the rest. Another instance where Beowulf demonstrates his superhero abilities, is his final battle with the dragon. Beowulf is a very old man by now and although he is, in the end, fatally wounded, he manages to deliver the final blow that kills the dragon. His lack of fear to fight the dragon by himself, is portrayed when he tells his friends to stay out side so they will not get injured. Even as an elderly person, Beowulf still has the same extraordinary courage and strength as earlier in the poem. And even with age, he has not lost the qualities that make him universally well known, and an outstanding hero. These battles are examples of epic folklore during pagan times. Another pagan element is visible in the craving for revenge by many of the Anglo-Saxons. Beowulf illustrates this wish for vengeance after Hrothgar loses one of his counselors to Grendel: Let your sorrow end! It is better for us all / To avenge our friends, not mourn them forever (1384-1385). This passage disproves the idea that Beowulf is a Christian poem, because taking an eye for an eye is not at all a Christian belief. Revenge is an idea promoted by Pagans, and was thought to be necessary to avenge to death of a friend. Another act of revenge is seen when Beowulf attempts to defeat the dragon after it wreaks havoc on the land of the Geats, causing much damage. Even though Beowulf was very old, the fame-hungry king was seeking retribution for the fury the dragon had lashed out onto his city. Beowulf is obviously very arrogant and hot-headed, and does not follow Christian ideas and beliefs. It is proven that this epic poem is a pagan work, because of the accepted seeking of revenge . One final pagan aspect of this poem, is the strong belief that everyone was in the hands of fate, the idea that your life is predetermined. For instance, when the men of Herot are awaiting Grendels wrath, Beowulf states, Fate will unwind as it must! (455). This shows that the warriors did not worry about what would happen, because they are unable to change what is already planned for the future. Beowulfs courage is also explained in this segment, since he could not alter the future no matter what he did, he was not afraid of what would happen. Another occasion where fate takes control is when the dragon kills Beowulf. He has lived a long and meaningful life, but this tragic event proves that everyone is in the hands of fate. This also negates the belief that Beowulf is a Christian poem, because the Christian belief is that ones life is in the hands of God, and is not determined by fate. Beowulf is clearly a pagan poem because it conveys standards that are almost the opposite of Christian beliefs. The pagan beliefs of the time are accepted and followed entirely. The very apparent aspects of this poem that make it pagan are, characters superhuman personifications, a strong belief in fate, and a longing

To What Extent Will High Salary Modify Workers

To What Extent Will High Salary Modify Workers Introduction The greatest asset for any organization is its personnel; persons who are involved in the daily running of the organization. It is in this regard therefore that there has been great interest in ways of maintaining a good working force which has led to studies and great inventions in Human Resource Management (Abowd, Kramarz Margolis, 1999).Advertising We will write a custom essay sample on To What Extent Will High Salary Modify Workers? specifically for you for only $16.05 $11/page Learn More Central to the Human Resource initiatives is the intention to motivate workers since performance is increased with proper motivation of workers. There are many different intentions and things that motivate workers no wonder Human Resource Departments of any organization are usually obsessed with the focus on different theories that help them understand how to motivate their workforce (Abowd, Kramarz Margolis, 1999). One of these areas of motivation for wo rkers’ performance is the monetary reward they receive for their work; salaries. This paper takes a critical look at how far high salaries for workers works towards improving their performance, productivity, motivation and overall job-satisfaction with the view of quantifying the increment of salaries as an element of employee motivation. Research Question There are many authorities that have written a lot about this issue given its centrality in corporate organizational performance and this paper will draw insights from some of these authorities to help in answering the research question which is, ‘to what extent will high salaries improve workers’ productivity?’ Henry Grant (1913) is one such authority that has tackled the issue of employee motivation through salary increment in depth in his book, Work, Wages and Profits. In the book, Grant argues that financial reward is one sure way of ensuring accountability and hard work for employees without using f orceful means, threats and coercion (Gantt, 1913). The basic reason given for this surmise is that increased salaries for workers create a level of appreciation in the workers as they are better placed to cater for their daily needs and are even enabled to afford higher-profile lifestyle. This inclusion of material things in the workers’ lives is the one that motivates them into working harder with the assured hope of financial appreciation for their performance (Gantt, 1913). In further discussing this human resource management issue, theories of employee motivation will be used to help answer the research question. For this, two of the theories of employee motivation that will be used will help to explain the effect of financial motivation on people’s behavior at their workplace. These theories are:Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The Theory of Hie rarchy of Needs by Abraham Maslow The Theory of Motivation-Hygiene by Fredrick Herzberg These theories seek to explain the effect of improved salary on employees’ behaviour and extrapolate that effect to their performance and overall output at their places of work. According to the Theory of Hierarchy of Needs, Maslow surmises that provision of the needs of employees and guarantee of their (needs’) continued provision is the greatest motivator as to why people work. This means that instances where salaries are increased, workers’ motivation is increased and this in turn increases their productivity (Black, McKinnish Sanders, 2003). In the same breathe, Herzberg argues through the Theory of Motivation-Hygiene that poorly paid workers show little (if any) interest in their work and rarely grow economically and the corollary of this usually is reluctance to perform reducing the general output of their productivity (Black, McKinnish Sanders, 2003). They are dissa tisfied, deprived, lack sense of belonging in their workplaces and can therefore not afford modern and improved life due to their financial status. Black et al (2003) point out in their work that if low skilled workers are awarded high salaries, they are likely to increase output out of the motivation they receive in the remuneration perks they are given. These increased salaries in turn enhance their status which brings them comfort further encouraging them to do even better and this propels them into better performance. This shows that in essence, there is no difference between them and the skilled ones because since out of the motivation they receive, they can just be as perfect at their work as anyone else (Herzberg, 1987). In an expansive country like Saudi Arabia where there is a lot of competition, salary increases is a great factor that maintains workers to a given place for a given time (Herzberg, 1987). In a snapshot, these two theories point to one thing: the central plac e taken by salaries and wages in determining workers’ motivation. What is observed from increment of workers’ salaries can best be described as having some element of domino effect in that the increment triggers something into operation that affects everyone from the workers themselves to the entire corporation and eventually the market and industry they are in. Increased salaries increase workers’ motivation which in turn causes them to work harder increasing their productivity/output and this in turn increases the business’ profitability. When corporations and organizations are making appreciable profits in their respective fields, the general performance of the economy of the industry is improved and this positively contributes towards improving the entire economy (Abowd, Kramarz Margolis, 1999).Advertising We will write a custom essay sample on To What Extent Will High Salary Modify Workers? specifically for you for only $16.05 $11/page Learn More A social approach to the research question has been well explained by Maslow (1943) when he asserts that the one basic reason that people work is to survive. When they start earning, they seek to create a niche and establish themselves by making new friends with whom they seek to further improve their lives. Everyone who starts working usually has expectations of growing to greater economic and financial freedom through their places of work and therefore well remunerated employees have better job satisfaction thereby becoming better performers which increases their output (Maslow, 1943). The most important objective for any organization is to have its personnel at their optimal performance at all times and this is the reason a lot of money is spent in instituting strategies that implement theories that motivate workers to be at the very best they can ever be in any organization (Abowd, Kramarz Margolis, 1999). This has forced the professional world to have w orkers educated and informed about their rights as workers and this has caused them to demand reasonable salaries that befit the work they do for their employers. This demand is not only restricted to remunerations but also permeates such non-economic areas of workers’ lives as proper working conditions and workers’ rights. Bringing all these things into workers’ expectations makes motivation a complicated phenomenon that is highly dependent on individuals. Each individual having unique things and areas of interest that motivate them, motivation is therefore thought to be worker-specific in many regards and therefore conceptualizing it is not such an easy thing. This notwithstanding, remuneration is one area of need that remains constant for every worker in whatever place of work and therefore whatever model or theory is used to study worker motivation, salary and wage remuneration is always a factor that motivates every worker (Abowd, Kramarz Margolis, 1999). Other things such as praise and recognition, job security, dignified treatment, opportunity for expansion among others can be considered supplemental to monetary need. This is because good salary payment is a factor from which all other factors are likely to emanate from thereby acting as the mother determinant of employee motivation.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Conclusion In conclusion, as regards the research question which is to what extent salary increment will increase employ performance, it can be strongly concluded that salary increase is among the core aspects of motivation that ensures workers’ increased performance and motivation. All other motivational strategies such as empowerment, opportunity creation, appraisals, and recognition among others stem from the remuneration benefits into such endeavours that give workers voice for recognition. It is therefore incumbent upon any organization to ensure that their salary and wage schemes are most favourable for their workforce to ensure optimal performance that translates into profitability for the organization. In this regard therefore, corroborated with the evidential discussion preceding, it is recommended that every employer accords salary and remuneration increment the attention it is due to ensure that their personnel are always performing at their best optimal level to e nsure maximal productivity and profitability. Reference List Abowd, J., M., Kramarz, F., Margolis, D., 1999. High Wage Workers and High Wage Firms, USA: Dept. of Labor Economics, Cornell University. Black, D., McKinnish, T., Sanders, S., 2003. ‘Does Availability of High-Wage for Low-Skilled Men Affect Welfare Expenditures?’ Harvard Business Review, 87, (9-10), pp. 1921-1942. Gantt, H., 1913. Work, Wages, and Profits: Their Influence on Cost of Living. USA: Dept. of Labor Economics, Cornell University. Herzberg, F., 1987. ‘One More Time: How Do You Motivate Employees?’ Harvard Business Review, (e-jounal) 1 (5). Web.

How you helped another person and realized that you benefited as well Essay

How you helped another person and realized that you benefited as well - Essay Example Martha was sitting on a chair, wearing a new track suite and her sports shoes, her hair neatly collected with a matching blue ribbon, seeming a bit reluctant and hesitant. I signaled Martha to join me and she followed me like a cat being taken for a bath. We walked our way to the nearby public park. I told Martha that we will have a swift walk for the next 30 minutes. Both of us started with a slow and steady pace and Martha seemed to be doing fine, until I fastened my pace. I soon realized that Martha was way behind me and though she tried hard to catch up with me, she seemed to be tired and fatigued. Somehow we finished our 30 minute walk, followed by some stretching exercises. We continued with this routine for the next 3 days, until that fateful Monday came. As usual, when I entered the Butler household that morning, I saw a distressed Mrs. Butler, trying to console a weeping and sobbing Martha. I was a bit confused and perplexed. Mrs. Butler told me that somehow Martha was not willing to join me for her daily walk. She said she was feeling unwell, and excused me. I came back home, felling a bit bad. I talked about the issue with my mother. When I told her about our experiences in the past 3 days, she listened to me with an understanding smile. She told me that I simply cannot help Martha until I learn to see things from her perspective. She told me that Martha was badly overweight and was not used to an active way of life, not to mention the health problems she faced. For a fit person like me, a 30 minute walk and some exercise may be a piece of cake, but, for Martha it was a big challenge. To help Martha, I need to get into her shoes and think like her. The next morning I went to collect Martha. She was looking at me apprehensively. I greeted her with a big smile and pat her shoulders. We went to the park and I told her that today there will be no exercises. Instead we will just walk around, enjoying that beautiful morning. I