Essay Relief Efforts During The Great Depression - 1492 Words

The Great Depression was a time of hardship for many. People lost their jobs, home, money and almost half the population were under the poverty line. As the rising number of unemployed men and women grew, the states and private organizations took it into their own hands to provide aid for those who needed it. However, the rigorous efforts of these charities and government did not provide much â€Å"relief† in the long term. Many people had been taking advantage of these charity organizations and soon enough the question becomes evident, what really is the American dream now? The economic crisis began in August 1929 when a recession began, but it was not until the stock market crash of October 1929 that a rapid decline in economic stability†¦show more content†¦During the time Herbert Hoover made a statement that it was the state and local governments responsibility to create jobs for the unemployed. Due to the little efforts of the federal government intervention to h elp the poor private and state organizations took it to themselves to provide aid. Private organizations such as the salvation army and faith based charities dominated the efforts to help the poor. Though their efforts were few in contrast to the many that need it. One of the many charity organizations that attempted to make a difference- the Salvation Army..had made their day view when the unemployment rate had reached 25 percent: â€Å"The Salvation Army used 10 years of mass anguish to demonstrate Christ’s love and provide in abundance.†(salvationarmynorth, page 10). The committed charity group had took it upon themselves to deliver gift baskets to 1500 families in peril on christmas eve. Though this organization had been proving to be successful in providing many people with relief from this financial crisis, there were many cases in which the people had given negative responses; â€Å"The Salvation Army’s primary function was to spread the gospel through l oud open-air meetings...Many Salvation Army officers had to dodge rotten vegetables...by onlookers who didn’t appreciate hearing the message of Jesus Christ.†(salvationarmynorth, page 10). This is just one of the many independant charity groups which attempted to bring some form ofShow MoreRelatedThe Legacy Of The Roaring Twenties1475 Words   |  6 Pagesbrought about the Great Depression, which ended this era. Franklin Delano Roosevelt felt compelled to do something to bring America back to its former prosperous self. Roosevelt created the New Deal, a series of government programs and laws intended to fix the economic issues plaguing America. 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It dampened the spirits of Americans and caused them to have a negative outlook on the world because it lead to hunger and took away many jobs, however Roosevelt had great responsibility in creating theRead More Down And Out In The Great Depression Essay1335 Words   |  6 PagesDuring the 1920’s, America was a prosperous nation going through the â€Å"Big Boom† and loving every second of it. However, this fortune didn’t last long, because with the 1930’s came a period of serious economic recession, a period called the Great Depression. By 1933, a quarter of the nation’s workers (about 40 million) were without jobs. The weekly income rate dropped from $24.76 per week in 1929 to $16.65 per week in 1933 (McElvaine, 8). 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By 1933, a quarter of the nation’s workers (about 40 million) were without jobs. The weekly income rate dropped from $24.76 per week in 1929 to $16.65 per week in 1933 (McElvaine, 8). After President Hoover failed to rectify the recession situationRead MoreAmerica in the Great Depression1370 Words   |  5 Pagesa level that allowed most Americans to attain economic success. A worldwide depression struck countries with market economies at the end of the 1920s. Although the Great Depression was relatively mild in some countries, it was severe in others, especially in the United States. The Great Depression left the American economy in ruins with problems that would take decades to fix. Government involvement increased in an effort to reconstruct our recession stricken economy. The 1920s was a time of economicalRead More The Great Depression Essay1193 Words   |  5 Pages nbsp;nbsp;nbsp;nbsp;nbsp;The Great Depression was a period, which seemed to go out of control. The crashing of the stock markets left most Canadians unemployed and in debt, prairie farmers suffered immensely with the inability to produce valuable crops, and the Canadian Government and World War II became influential factors in the ending of the Great Depression. The 1920’s meant prosperity for Canada. Canadians living in the 1920’s were freer in values, less disciplined, and concerned withRead MorePresident Franklin Delano Roosevelt932 Words   |  4 PagesPresident Franklin Delano Roosevelt, was instrumental in his efforts to reshape and rebuild the United States from a struggling state making his endeavors a personal attachment in American history. First of all, Franklin Delano Roosevelt’s background consisted of, growing up in the country of New York. He attended private school, following Harvard and Colombia law school paving the way for his future civic duty, according to, Faragher, 2009. In 1910, Roosevelt served as an assistant secretary of

Analysis of Barclays Bank in Business Environment

Question: Discuss about the Analysis of Barclays Bank in Business Environment. Answer: With major mergers and acquisitions of a number of Quaker banks, Barclays entered into the investment banking forum. In the view point of Pearl and Rosenbaum (2013), entrant of new companies in the market is good for competition but with the increasing entry of investment banks in US, Barclays failed to match the pace and intense competition of the market and had to face critical issues. Barclay had to face great difficulty in combining the conventional and investment banking coherent model. The Bank was also pointed out towards mis-selling of payment protection insurance by major retail banks and misleading of inter-banking lending rate generated claims of practicing unfair means of profit (Johnson et al. 2013). This action drew great attention and criticism of public that ultimately caused trouble to the Bank. Failed to meet organizational culture: There was a change in the management of the Bank as well. The new CEO was not capable enough to comply with the organizational culture. The newly made CEO was an investment banker and a major deal maker who possessed unimaginable talent but could not meet the expectations of the employees working in the organization. In other words, the managerial quality of the new CEO could not match the psychological perspectives of the employees (Johnson et al. 2013). No investment or positive efforts were made towards improving the culture of the organization that ultimately resulted in slow degradation of the Bank. Paying bonuses after financial crisis in 2010-2011: The most crucial issue and crisis faced by the Bank were related to the problems that attributed to the bonus culture of the Bank. As commented by Cetorelli and Goldberg (2012), Barclays continued to pay high amount of money as bonus in spite of the continuous financial crisis in 2008-09. The problem related to the issue was that the Stakeholders of the organization had to compensate or subsidize this payment. This created a great havoc in the regular business operation of the Bank. It was claimed that major employees of the Bank cannot be driven by money and that paying the bonus to the employees was something unusual that the stakeholders have to ultimately subsidize from their profit margin (Claessens and Van Horen 2015). Therefore, this issue created a crucial issue for the organization. In the recent state of globalization, coming up with a business model and following the same as the business strategy to operate in the highly competitive market is indeed important as well as necessary. In case, if an organization fails to undertake proper precautionary actions against the issues and major challenges then there remained critical chances of the survival of the organization in the market. Reference list: Cetorelli, N. and Goldberg, L.S., 2012. Banking globalization and monetary transmission.The Journal of Finance,67(5), pp.1811-1843. Claessens, S. and Van Horen, N., 2015. The impact of the global financial crisis on banking globalization.IMF Economic Review,63(4), pp.868-918. Johnson, G., Whittington, R., Scholes, K., Angwin, D. and RegnÃ… ½r, P., 2013.Exploring Strategy Text Cases. Pearson Higher Ed. Pearl, J. and Rosenbaum, J., 2013.Investment banking: valuation, leveraged buyouts, and mergers and acquisitions. John Wiley Sons.

Change Management Processc

Questions: Task: You have been asked to oversee a major change management process in your organisation (fact or fictional). Write an essay of about outlining how you would manage this change. In your essay you must address the following key points: Outline the change that is going to take place; What approach you will take in managing the change; What are the key elements that you will have to manage during the change process? What approaches will you use to measure the success of the change process? What will be your approach to incorporating the learnings from the change process into future change management activities? Answers: Introduction Change management is defined as the process of changing various aspects of an organization or a company, such as production procedure, employee performance, the work environment of the employees and many others. An organization has many different aspects to deal with. Sometimes some of an aspect may cause harm to the organization. Then it is severely necessary to change that particular aspect. There are three steps of bringing any change to the organization. First, the problems need to be identified by the management, then the problem or the issue should be properly analyzed, and the source of the problem should be identified, and finally the final step is to solve the problem with required skill and confidence. The change management is one of the most important aspects of running an organization successfully. Many organizations including some large scale organization had bankrupted just because of lack of change of the required issues. Similarly for an health care organization, the issues should be avoided by adopting proper change. Changes need to be taken by the management At the period of getting some changes in an organization, at first, the management of the organization has to search the faults of the organization, here a health care organization (Change management, 2007). After that, the problems are needed to be sorted out and then the finding problems are come to know how these problems can be overcome. The management of a health care organization always needs to be perfect and to serve to people properly. So if any problems to the organization come where it cant get as profit as it got at the previous time, it may take some changes over the working process of the management. Through the way of getting the output, the process of change project would point out the problems relevant to the up gradation of software and hardware equipment, improvement of personnel training; empowerment of employees has extra motives and environment of the workplace (Pugh Mayle, 2009). To begin the changes the management needs to have some agreement like these chang es would never get a change directly to the organizational culture as it could meet resistance and smell failure in a very short period. So the pointed problems of the company are needed to get an eye over it. A health care organization or hospital depends upon different factors such as, the communication between hospital management and the patient as well as their family members, the proper use of the surgical equipment, the procedure of medical examination and many others. Other than that, updated hardware and software equipment is also important to the organization. Then it comes to the efficient and skillful work of the workers or employees of the organization (Greener Hughes, 2006). How the fresher workers can be more efficient to their job, it comes under the eye of training period of the trainees. So the training of the fresher workers' is much important to get more benefitted. Management of a health care organization provides trainers for training the new joiners of the com pany as they can give them more responsibilities and get more profit than what they are getting right now. When these all new joiners get over their training period, they will be more experienced and skillful from what they were at the first day of joining. But these all problems would get changes without affecting the organizational culture of the company because the changes of the organizational culture can reach to the root of the company and it can give positive and negative both kinds of effects to the organization. Another problem that can be taken under changes is an environment of the workplace which is a major and effective problem of an organization (Hughes, 2007). The communication between the management and the workers must be more pleasant. Similarly the communication between the management or the workers and the patient and their family members must be nice. Thus if there is any problem with the communication, it should be modified or changed. The significance of approach in managing the change After the findings of the problems of the health care organization, there will be some approaches to the higher authority of the company. The communicational approach is one of the most valuable approaches to the management (Hughes, 2007). Communication between the leaders and their employees' should be friendlier for the improvement of the outcome of the given project. If the understanding between the management and the health care workers does not meet converges to the ultimate aim the output of the work won't be beneficial. Another point of approach is up gradation of the medical examination procedure. Backdated equipment gives an output to the respect of the given input, but more updated equpment gives a better performance to the respect of given one. The medical examination procedure is synchronized to the benefit of the organization, so it is very important to get changes in case of examination procedure as well as (Victor Franckeiss, 2002). In the event of this change, the ap proach to the authority should point on time. Time is very important to an organization as they want to have a maximum job to the respect of minimum time. So this is what every organization needs from their employees to get benefited of to the respect of time. If a company gets more performance by the respect of time, the management will get more profit. So the up gradation of the hardware and software equipment will squeeze the working time. Employees can provide maximum output in respect of less time (Victor Franckeiss, 2002). There is another approach to the management of the organization which will be polite environment at the workplace. If the fresh workers can get polite behavior, friendlier attitude from the trainers they can understand their job more frequently and this can give more benefit to the company. As the new joiners will follow their job more successively, they can provide their performance soon. So the trainers of the management should be more polite in nature an d friendlier to their trainees. When a new joiner won't get scared to ask his or her trainer about their queries they will be close to their service more easily. So these are the approaches which can be put in front of the management to update their job strategies. So the approaches will be based on communication between leaders and employees, time management which could run the company more frequently with the help of updated hardware and software equipment, polite behavior and friendlier environment in the workplace, understanding attitudes of the trainers towards the trainees. These all could be beneficial to the organization (Maruca, 2006). Identification of the key elements needs to be managed during the change process Now the key elements or the factors which should be changed for the management of the company has been discussed earlier (Lewis, Passmore, Cantore, 2011). For getting a better outcome the management of the organization should pay attention to the aspect of updating hardware and software equipment of the company, inspire the workers to do their job in more efficient and better method, making a good and motivational environment for the fresher workers of the organization. These are the key points or elements need to be managed during the period of getting changes in the organization. When the workers get a refreshed environment, they can perform in a relaxed mind and give the most skillful job to the management. So the management should reserve a separate time to make refreshment to the workers of the organization (Calvez Gunette, 2003). As they are getting a time of food, they can relax at that time and get the energy to perform better. Like this, the environment of the workplace sh ould be lighter as the employees would be able to do the most skillful job at the place where they are working. There is another finding of a problem on the backdated technological versions of the working equipment of the company. At first, the old versions of the medical examination equipment should be removed. After that management should put an eye on the new versions of the technology, and then they will appoint some workers to find the ultimate equipment what the organization needs (Murrell Meredith, 2000). Then the management will get that updated equipment to the company and let their experienced workers put a try on those. If the experienced workers can perform better job through the innovative technology adaptation, the company will spare other workers to work with that new version equipment. The performance of the workers will get higher, and company will get maximum profit in minimum time. Next there comes the communication gap between the trainers and trainees. In the m aximum cases, the communication between trainers and the trainees are not so smooth that is why the post-training period performance of the most of the employees are not so well (Schermerhorn, Osborn, Hunt, 2000). The atmosphere of the training period should be friendlier towards the trainees. The relation between trainees and trainers should be more refreshed as the trainees can clear their queries through a peaceful mind and after they reach to their post-training period, they will be able to perform a better job. These are the key elements of the problems which should be given more attention at the time of changes. Different types of approaches to measuring the success of the change process The above-mentioned issues or problems severely harm the organization or the company. Thus to run the health care organization successfully some changes must be taken by the management of the organization (Kerber Buono, 2007). Suppose if a company is constantly getting negative remarks from the patient or their family members then there must be some problem with their service. In that case they to be more creative and more satisfactory towards their patients. The better is the satisfaction of the patients the more will be the profit of the organization or the company. There are various approaches to the management of the change process. The organization or to be more precise the management have to be more conscious towards various aspects of the organization. For example the training process of the fresher employees, the work environment of the employees, the communication between the management and the patients and their family members, hardware and software development of the comp any and so many (Peppers Rogers, 2011). The training process of the fresher employees is one of the basic requirements in the way to develop the business of the company. If there is any problem in the training process then in future the employees will have to face some problems regarding their work. That means it is the responsibility of the management to provide the most experienced trainer for the training process. Another important thing is the duration or time of the training. Every employee does not have equal merit, so sufficient time should be given to the fresher to know the process of the work. This is how the employee can gain required skill and confidence to deal with their job. The communication between the trainer and the employee should be pleasant and nice. Otherwise, it may cause disobedience of the fresher employees (Finch, 2011). Other than these aspects there are many another aspect to which the management should pay attention, like the work environment of the em ployees. The leader of the company as well as the human resource manager must be motivating and supportive towards his employees. The management should also look after the basic requirements of the employees. Suppose an employee is working in a room where there is no fan. Naturally it would not satisfy the employee who will ultimately harm the company. The hardware and software development of the company is also a very important factor. The management of the organization or the company must recruit employees who can successfully develop the hardware and software systems of the company. For example in most of the large-scale industries, including some renowned health care organizations the head of the company operates the database of each and every employee. Thus, if there is a problem with a database system, it might harm the security of the organization (Baldoni, 2005). These are some approach that the company or the organization should take to get rid of any downfall of the compan y. The benefit of the change for future opportunities of the organization Change management is something that always includes a cause and an effect. The basic causes for which the changes must be taken are already discussed in above paragraph (Kessler, 2013). If there is the cause, there must be an effect. Here also, there is a great effect of the change process which is obviously benefactor for the health care system. A health care system or a hospital is a place where people come to get rid of their physical problems, thus a health care by adopting the mentioned changes can serve the people in a much better way. It may also be considered as the advantages of the required changes. If a organization is having some problem with any of its aspect, naturally it must be changed or modified (Arsenault, 2004). The process of changing various aspects is also mentioned. In totality, the main effect is the betterment or the improvement of the organization or the company. If the company is having any problem with its training procedure, taking the above-mentioned st eps can cause helpful to the fresher employees. If there is any issue regarding the patient satisfaction of the hospital, the process of service must be changed or modified. It will result in positive remarks or feedback of the patient and their family members, and if the patients are satisfied with the service, the organization will surely be benefited. If there is any problem with the work environment of the employees or employee satisfaction, the company or the organization will be harmed (Topolosky, 2000). To prevent this problem the leaders, human resource manager and the whole management of the organization have to be influential as well as supportive towards the workers of the company. If the communication between the workers and the management is good, there will be a pleasant and nice working environment. As a result, the whole organization will be benefited and the workers or employees of the organization will get a better environment to work which will be satisfactory eno ugh to them. Not only these but there are also some other advantages of bringing some required change to the company. Like if the database system of the company is strong or if the controller of that database system is efficient and dedicated towards their work the, the management will be able to secure their company. The recruiting process as well the human resource manager must be loyal and dedicated towards his job. This will provide the organization with a lot of efficient workers or employee. The leadership of the organization, being one of the most important parts, should be changed or modified by their requirements. The main perspective or the point of the essay is to bring out the reasons, for which the change is needed, the changing process of the selected aspects and the benefits it will provide to the organization or the company as a whole (DR.K.VANITHA, 2012). Conclusion The above essay is all about change management in a health care organization, its cause, and effect to a particular organization or community. Organizational development is something that depends on each and every sector of a company including its service procedure, employee performance, the efficiency of the leaders, patient feedback and many. The issues that harm these sectors are already mentioned in the above passage including the approaches that should be taken to develop the company as a whole. If a health care organization successfully maintains these ways of change then it will surely be able to get rid of some issues. Since few decades, the lack of change management has caused severe harm to many renowned and well-settled companies including some hospitals. Similarly, some organization has also managed to develop their working process and business successfully with the help of change management. Thus, change management is always very important for an organization or a compan y as a whole. References Arsenault, B. (2004). Adapting to Change.Journal Of Ambulatory Care Management,27(3), 237-241. Calvez, V. Gunette, A. (2003). An approach to change management.Thunderbird International Business Review,45(5), 629-636. Change management. (2007). Oxford. DR.K.VANITHA, D. (2012). Customer Relationship Management on Customer Satisfaction. Greener, T. Hughes, M. (2006). Managing change before change management.Strat. Change,15(4), 205-212. Harrington, H., Conner, D., Horney, N. (2000).Project change management. New York: McGraw Hill. Hughes, M. (2007). The Tools and Techniques of Change Management.Journal Of Change Management,7(1), 37-49. Kerber, K. Buono, A. (2007). Enhancing Change Capacity. Client-Consultant Collaboration and Emergent Change. Kessler, E. (2013).Encyclopedia of management theory. Thousand Oaks, Calif.: SAGE. Lewis, S., Passmore, J., Cantore, S. (2011).Appreciative inquiry for change management. London: Kogan Page.