Culture and Globalization Essay Example | Topics and Well Written Essays - 500 words

Culture and Globalization - Essay Example Introduction The present epoch an age of globalization. Globalization provides outlook and perspectives in the direction of economy, education, society and culture. Globalization authorize a vision for the complete planet irrespective of the countrywide uniqueness thereby bringing people of all nations closer. This is progressive in terms of technological development but the influence of western culture on east is enormous. The progression of globalization is consequently, a merger of communication and integration among diverse communities, organizations and governments. All these affect global environment including the organizational environment, culture and tradition of the nation and individual thoughts, as culture is individual's adaptation and an episode of inheritance of a specific nation or society. Progressively globalization has distinctively influenced human civilization through formulated policies both, domestically and internationally. This has dramatically influenced the imitation of western thoughts, customs and lifestyle. Globalization on one hand is endorsing cross-cultural links in lieu of an in-depth understanding towards cultural diversity thereby encouraging tourism, on the other hand it is promoting pseudo-cultural patterns, particularly societies possessing complex culture conditions. Culture is influenced as globalization augments dissimilarity, conflicts and insecurity.

Law 2 Case Study Example | Topics and Well Written Essays - 1250 words

Law 2 - Case Study Example In Australian law, the legal transaction involving selling or buying of property is referred to as ‘conveyancing’ (Civil Law ‘Sale of Residential Property’ Act 2003). This law deals with transfer of property ownership and the process to be followed by buyer and seller. The process is more involved with the buyer than the seller. The seller’s duty is mainly to make sure that the buyer receives good title, ensure any mortgage payout over the property is settled, and making sure the agreement cost is settled. The buyer on his part has to ensure clarity of the title, prepare documents required for the transfer, and organize the funds required for the transaction. For the situation, the buyer (Gary) should sue Sheldon for providing false documents in the contract. He is therefore, entitled to compensation as stated in section 19 of the sale of residential property. Under this section, where it is a requirement that the buyer be compensated if the statements or reports provided as per section 9, are false or misleading or are not prepared with exercise of practical skill and care, and as a result, the buyer is subjected to loss. Gary may also lose the case if it is found that it is through neglect that he got involved in the situation at hand. Gary was supposed to be extremely cautious in getting into the contract by fulfilling some of the most decisive legal requirements that would make Sheldon obligated to him. These would involve him, ensuring that all the special conditions are inserted pertaining the agreement. This would have been best if he hired a solicitor to check the contract before agreeing to sign. Through this, he would have been aware of defects in the contract such as Sheldon’s missing name and signature. It is a requirement by the sale of property in NSW, for any deposit made to be held by the seller’s agent or solicitor. The deposit is protected by legislation in the hands of solicitor or agent from any form of misuse. The

Marketing Essay Example | Topics and Well Written Essays - 2500 words - 3

Marketing - Essay Example With time the bank has been able to establish a good market position in Europe, US and Asia. The products and services offered by the bank range from fund management, stocks and annuities to mutual funds, asset management and health & life insurance schemes. The bank has built its portfolio based on tradition and acquisitions pursued over the years. UBS has successfully entrenched itself in the various business segments and its wide range of customer services are highly valued by the global clients (Thirkell-White, 2004). Strengths Umbrella brand strategy- It has been observed that ‘umbrella brands’ used by the firms, with multi-business operations, foster improved market penetration. An umbrella brand refers to the use of a common brand for various businesses. UBS has also adopted this concept of a single brand across all its businesses by abolishing the local brands in order to form a â€Å"global umbrella brand†. By leveraging the reputation and trust effects a ssociated with a strong brand image a firm can make use of various growth opportunities. To make use of the growth synergies that comes along with it, Swiss based bank UBS recently moved towards an ‘umbrella brand’. ... UBS officials viewed that the adoption of ‘one brand for all its businesses could convey the bank’s core values to the clients more effectively and consistently. The bank seems to be reaping the benefits of this umbrella brand. The brand value of UBS has increased from US$6.5 billion in 2004 to US$8.7 billion in 2006. Besides this the customers increasingly affirm to the key attributes of the bank like â€Å"UBS is a global power-house†; â€Å"UBS takes time to understand us† and â€Å"UBS has superior expertise† (Knoll, 2008, p.164). The strength of UBS is reflected from the rise in its brand value over the years. As per the survey conducted by Business Week in 2007 the bank’s brand value is nearly $9.8 billion and it ranks among the top forty most valuable brands in the world. The brand value of the bank enhanced significantly by nearly 13% in the year 2007. This is very important in making customer recall and leads to improved market penetr ation. UBS has an international clientele base. The global nature of its business operations creates additional value for its customers by integrating the expertise and resources of its various business segments. Competitive advantages of UBS- The strength of a business strategy is based on the competitive advantages that it enjoys as compared to the rival firms. According to Porter competitive advantage lies at the centre of the performance delivered by a firm in a competitive market scenario. This means that competitive advantages imply product differentiation, low costs etc (University of Northern Iowa, n.d.). The present business mix of UBS is a by-product of many years of development, acquisitions and internal growth. UBS has consistently worked towards

Cross-culture management Essay Example | Topics and Well Written Essays - 2500 words

Cross-culture management - Essay Example Some of the major economic indicators of internationalization such as FDIs, international sales and overseas profits have been showing steady rise over the years. Enhanced multinational operations have led to increased multiculturalism in the organization. This has subsequently led to greater interaction and cohesiveness among employees and managers coming from different cultures and backgrounds. The study of cross cultural management necessarily focuses on studying behavioural aspects of individuals in the organizations located in different cultures and nations in the world. These studies essentially focus on the description and comparison of organizational behaviours across nations and cultures. More importantly it focuses on the interaction between people coming from different cultures and working in the same organization. These studies are found to be extremely useful for organizations while devising their strategies. Multinational organizations pay particular attention to the st udy of these literatures as it helps them devise international strategies. These literatures depicts past circumstances and puts forth evidence of different multi-cultural situations and their implications at the workplace which essentially contributes relevant and crucial factors based on which organizations devise international strategies and policies (Adler, 1983 p.1). The project seeks to bring forth usefulness of these academic literatures on national cultures which help MNCs devise their strategies. In this context, it brings forth the major cultural differences between the developed, underdeveloped and developing nations and also the typical differences existing between the western and eastern cultures of nations. Those aspects are essentially focused on which influences international strategies of organizations. Usefulness of the academic literature on national culture for helping a MNC devise its strategy Team working and functioning Multinational organizations are commonly characterized for conducting transnational projects. They are also conducted with the purpose of saving the cost of double parallel works in subsidiaries and making the maximum use of complementary resources. For more than 20 years, researchers have focused and shown that management practices necessarily remain embedded in national cultures and they have also regarded that the search for an effective and universal management style is meaningless. According to the views of Alderfer & Smith, (1982) individuals embedded in a particular culture tend to have and share certain common world views (Chevrier, 2003, p.142). These include particular ways of cooperating, conflict management, authority acceptance, or simple communication techniques. According to d’Iribarne, Henry, Segal, Chevrier, & Globokar, 1998; Triandis, (1994) researchers conducted on cross cultures depicts that national cultures can explain variations in attitude between 25% and 50%. However, there has not been any clear establishment of the fact that variety of world views affects team functioning positively or negatively. The conclusion derived from empirical research brings forth mixed views on the subject (Chevrier, 2003, p.142). On one hand it is advocated that the diversity of worldviews

Public Relation Campaigns as Key Constituent of Contingency Plan In Essay

Public Relation Campaigns as Key Constituent of Contingency Plan In Crisis Situation - Essay Example This essay stresses that Tylenol murder case was exemplary example of public relation that was used as tool for effectively managing crisis situation. The extensive media campaign in the post crisis phase enabled the company to recover its falling stock as well as the market credibility which had witnessed considerable damage in early crisis phase. The PR exercises in post crisis phase helped to promote tamperproof tablets and regain public trust. This paper makes a conclusion that crisis management and corporate communication have become increasingly important issues to cope with unexpected situations and respond timely to thwart long-term harm of any kind. Acknowledgement of the crisis per se becomes the key enabling element of crisis management that helps to develop appropriate strategy for minimizing the damage and expedite recovery. In the case of Tylenol tragedy, leadership initiative of the chairman of Johnson & Johnson and strategic PR exercises hugely contributed in overcoming the negative publicity and maintaining public trust. The crisis issues have cascading influence and can lead to considerable damage if not addressed early. Therefore they need to be addressed urgently; using effective communication that can convey firm’s stance and the measures that are taken to address the crisis. Johnson & Johnson’s crisis management was distinct in its creative public relation that had redefined corporate commun ication and its wider implications.

Renewable Energy Literature Survey Dissertation

Renewable Energy Literature Survey - Dissertation Example It demonstrated how capital can be obtained for project financing through a combination of debt and equity investment, debt being available through bank loans, institutional debt or through public markets. The paper mentioned the possibility of procuring equity from internal or external sources in public and private markets, and sponsorship through developers, contractors, equipment suppliers, operators, off-takers and fuel suppliers, who are active equity investors. The factors limiting project finance of renewable energy power projects (REPP’s) were examined. The author indicated that resource and technology risks were high and that financial institutions lacked the experience in evaluating risks related to REPP’s. The author also noted that with the rapid change in technology and the shortage of REPP technology engineers, they would have lacked the technical expertise in this area to assess and monitor REPP’s. ... This therefore results in a smaller margin for project financing and consequently puts pressure on costs related to maintenance and overheads. The author also pointed out that government policies, which are often unpredictable, greatly affect the economies of REPP’s. The paper gave focus to the importance of equity, seeing it as the main protection against risks. Lenders will therefore favour equity contributions in the initial part of the project. Lenders see equity investment as a form of commitment by the developers and sponsors. The author also found that security was another significant consideration for the lender, so they would implement safeguards such as a fixed charge over the projects site; a floating charge over the assets of the projects company; requiring that all cash flow be paid into a project account where they would have control, and contingency funds in place for unforeseen problems. The experience and credit worthiness of all participants would also be con sidered by the lender. There financial strengths would be assessed and the ability of these parties to carry out their contractual obligations with the project company would be determined. The article highlighted a number of risks that should be considered. The risk areas include the project itself, technology, construction, fuel/resource, the market, regulatory risks, mitigation and pass through. Project risks affect the amount, timing and availability of funds for the project finance. For technology lenders want to ensure that it is tested and proven, and that it will not be obsolete anytime soon. In relation to the construction risks the paper looked at the probability of cost overruns and delays in completion; most importantly

Grandfathers Journey by Allen Say Essay Example for Free

Grandfathers Journey by Allen Say Essay Question 1. Describe how the story is structured to influence your response to the text. Question 2. Describe one of the storys major settings. How is it constructed and what is its significance to the story and its ideas? North America is the major setting in this book. North America holds a lot of new technology and everything is new and spectacular to him, the trains, the enormous rock sculptures and an endless farming field are examples of this. There is also a bad side to this place; there are huge cities of factories and tall buildings with thick smoke coming out of each building. But above all, best place was California, where there were a strong sunlight, the Sierra Mountains and the seacoast. Along the way he had met and shook hands new people, which had different cultural backgrounds to him. This setting is constructed in a way that the more the grandfather travels the more he liked it and wanted to make the New World his home. This setting shows that the cultural barrier can be broken and people should go out and see the world and meet new people to develop more familiarity of the world they live in. Question 3. How are you positioned to respond to the major character/s of the story? What values are represented through them? Question 4. Describe the extent to which language and graphics are successfully used together to shape your response. Discuss with close reference to at lease two examples. In the Grandfathers Journey, there are a few pages where the graphics and the text connect together to give the reader a better understanding of situation. At the beginning (on page 4) the text was My grandfather was a young man when he left his home in Japan and went to see the world. On this page it shows the grandfather in Japanese clothes and the background had very dull colours because he is still in the Old World. On the next page it shows the transition to the New World. The background colours have changed from dull to bright and he had changed into European clothes. The wave that looks very unsteady shows the New World. All this happens when you want to see the world. On page 17, there is a picture of the grandfathers daughter holding a pram with a European doll sitting in it. The text that goes with the page was As his daughter grew, my grandfather began to think about his own childhood. He thought about his old friends. In the picture the author shows the contrast between the Asian girl and the European girl using different clothing and the cultural difference (seen through the colours of the hairs). When compared, the grandfather began to remember how his old friends in Japan were when they were little. This illustrates think about his own childhood. He thought about his old friends. Question 5. Discuss the attitudes and values of the text and your personal response to these. Question 6. Describe at least one link you can make between this book and another/other texts you have read or viewed. How do the texts compare in terms of the ideas presented and how do you respond to these ideas? One of the pages in this book makes us realise that we often label Japan as the enemy in World War II, whilst they were also the victim and had also suffered a large amount of devastation. In the film Pearl Harbour, one of the scenes was Japan bombing Pearl Harbour. This only shows the negative side of Japan, where they were attackers, but it did not show them as the victims suffering from the disaster. This movie is persuading the audience to blame Japan for the damages of the war, where Japan had to go through the emotional breakdowns and physical injuries. Even though the book tells us not to blame Japan for the damages and the movie shows us that Japan was the enemy in World War II, there is still a link between the two texts and that is after a war majority of the participating countries will have, no matter large or small, havocs. I think, because of this, we should not blame a certain country for the occurrence of the war, and should not blame any country since the countries that participated are both enemies and victims of the war.