Evolution Of Human Resource Management - 1959 Words

Introduction Human resource management has been an evolving discipline since its creation. Societal influences, organizational demands, and technological advances have all affected the role human resource managers play in an organization. This case study will recount the history and evolution of human resources from performing purely administrative tasks to becoming a strategic leadership partner, examine the main objectives of human resource management, the current trends influencing the discipline, and the tools and resources human resource managers can utilize to improve performance. Finally, I will discuss how strategic human resource management can create competitive advantage for the organization and the challenge and importance of creating support and buy-in for the expanding role of strategic human resource management from line managers. Evolution of Human Resource Management Prior to World War II, Human Resources, often called Personnel or Human Relations, served a primarily administrative purpose. Tasked with operational duties of hiring and training employees and bookkeeping responsibilities regarding payroll and benefits, human resource managers often reported directly to line managers (Groysberg, McLean, Reavis, 2006, pp. 1-2). In addition to administrative duties, human resources assumed bureaucratic and operational roles as well. Bureaucratic management involves drafting and implementing policies that affect the workforce. Human resource managers useShow MoreRelatedEvolution Of Human Resource Management1046 Words   |  5 PagesUniversity â€Æ' Evolution of Human Resource Management The evolution of Human Resource Management has transitioned from a very simple administrative function to a very multifaceted strategic function that still includes administrative, operational, and strategic tasks in the organization. In the beginning of Human Resource Management, the roles of Human Resource personnel was mainly just to hire employees, deal with compensation, benefits, legal issues, and the firing of employees. Today, Human ResourcesRead MoreEvolution Of Human Resource Management2149 Words   |  9 PagesAccording to Merriam-Webster, the term human resources started in the 1960s and is defined as â€Å"a department within an organization that deals with the people who work for that organization† (Human Resources, n.d., p. 1). In this assignment I will discuss the evolution of human resource management, workplace trends affecting human resources, strategic positioning of HR, the major objectives of human resource planning, key tools HR managers utilize to improve performance, and the challenges forRead MoreEvolution Of Human Resource Management Essay974 Words   |  4 PagesEvolution of Human Resource Management Administrative Functions The objective of the Human Resource Department is to design management systems to ensure human talent is maximized to effectively and efficiently achieve organizational goals. HR has seven functions that are intertwined. These functions are global, environmental, cultural geographic, political, social, legal, economic, and technological. Human resource management has the potential to drastically impact the success and effectivenessRead MoreEvolution Of Human Resource Management1263 Words   |  6 PagesIntroduction Human resource management (HRM) recognized by most organizations today as contributing strategically important functions, which contribute towards their success. Exploring HRM’s beginnings will provide insight regarding progression and development of previous practices leading to current human resource management processes and its future challenges in Canadian healthcare organizations. Prior to the 1900s, Anastakis (2006) indicates the existence of diminutive businessesRead MoreEvolution of Human Resource Management7638 Words   |  31 PagesGROWTH AND GLOBALIZATION: EVOLUTION OF HUMAN RESOURCE MANAGEMENT PRACTICES IN ASIA ARTHUR YEUNG, MALCOLM WARNER, AND CHRIS ROWLEY In this introductory note, we offer an overview of how human resource management in Asian countries and corporations is evolving in the face of rapid business growth and integration into the global economy and we describe how the articles in this Special Issue contribute to new knowledge and insights regarding key issues, challenges, and evolution in the field of HRM in AsiaRead MoreEvolution Of Human Resource Management2625 Words   |  11 Pagescovers the evolution of human resource management and discusses current issues and trends in the field. Changes in orientation, such as changes from personnel to human resources, administration to management, and human relations to organizational effectiveness, are covered. Utilizing the concepts and technology described can greatly improve the effectiveness of any human resources department. Ideas for future research and practice are also suggested. â€Æ' Evolution of Human Resource Management KeyRead MoreEvolution of Human Resource Management in the Past Decade683 Words   |  3 PagesAbstract The paper discusses how the field of Human Resource Management has evolved over the past decade. It also highlights the specialized areas of Human Resource Management that are providing great opportunities for college students to pursue a career in Human Resource Management The field of human resource management has evolved a great deal over the past decade. Systems are far more sophisticated than they used to be which has allowed many improvements as the flow of information is muchRead MoreHuman Resource Management And The Bureaucratic Era1222 Words   |  5 PagesHuman Resource Management is a vital function in any organisation and operates in legal and social environments that are becoming increasingly complex. It is defined as the process and practice of managing and advising executives on staff recruitment, selection, retention and development (Clegg, Kornberger Pitsis 2011). In the post-bureaucratic era, these management styles have altered to cater towards satisfying employees through intrinsic rewards by providing pride, relationships, meaning andRead MoreGary Dessler Human Resource Management 14th Edition1672 Words   |  7 PagesGary Dessler Human Resource Management 14th Edition.pdf Download Gary Dessler Human Resource Management 14th Edition.PDF Now Gary Dessler Human Resource Management 14th Edition - Are you looking for ebook gary dessler human resource management 14th edition PDF? You will be glad to know that right now gary dessler human resource management 14th edition PDF is available on our online library. With our online resources, you can find gary dessler human resource management 14th edition easily without

Gay Marriage Should Be Legal - 1684 Words

Gay marriage In discussions of gay marriage one controversial issue has been whether or not it should be legalized. On the one hand, some people argue that gay marriage should not be accepted in our society. On the other hand, some people believe that gay marriage should be legalized. Others even maintain that gay marriage is not a problem, and we should respect the preferences of everyone. My personal view is that gay marriage is not a big issue because we are in a free country, where everyone has to respect the preferences of each other, and does not matter the sex preference because we are all the same. Marriage is a contract that comes with more obligations than rights. We have to understand that marriage is a civil right that†¦show more content†¦The essence of this argument is that sex-preference does not matter, and everyone is free to do whatever they want without discrimination. I agree that people should be free to do whatever they want. In addition, homosexual couples just want to be happy with each other. So it makes me wonder why people should deny the opportunity of being happy for those homosexual couples. Since the year of 1776 we have the right of pursuit of happiness. According to the Declaration Of Independence â€Å"we hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness† (US). The essence of this argument is that we are all the same, and we deserve the rights of life, liberty, and pursuit of happine ss. I agree with the Declaration of Independence, because if we deserve the right of pursuit of happiness, we should live a life full of gladness. With this argument, I can say that any homosexual couple also deserves to be happy. To take a case in point, if some homosexual couple wants to get married in order to live a life full of love and contentment, why not give the opportunity to this couple to share their lives with each other, after all, we have the right of pursuit of happiness. In addition, same-sex couples want to marry almost for the same reason as heterosexual. For example,

Transport Market Transportation Research

Question: Discuss about the Transport Market for Transportation Research. Answer: Introduction The report depicts the role of Information technology in an organization Australian airlines one of the well known companies of airlines industry. The technological advances are relying on IT to develop the business (Belobaba, Odoni Barnhart, 2015). It helps to improve the consumers services and keeps the lid of the cost. The report illustrates the need of IT in Australian airlines including the importance of IT for the business survival. Apart from this, the report elaborates the usage of information technology in the Australian airlines. It has been found that technology is a gift but at the same time technology are also a curse to Australian airlines and other industries. After adopting IT, Australian airlines faced continuous acceleration in business growth however; many disadvantages are also associated to it. The risks related to IT are also defined in this report. Moreover, in order to develop the overall airlines business, proper control and monitoring system is needed to be introduced. Need of IT in Australian airlines The current analysis of Australian airlines implies that, in order to mitigate the industrial crisis, airlines industry is forced to adopt information technology with their existing business aspects. In the business world, airlines industry is referred to as the biggest winner of the internet or electronic commerce service (Ashwini Nand, Singh Power, (2013). In the year of 2015 the airlines industry has spend over $180 million to develop the technical strategies (Arjomandi Seufert, 2014). For the maintenance of control cost and to maximize the revenue structure the, airline industry is accelerating towards IT project planning in terms of electronic marketing, web site development and initiatives in the consumer services (Borenstein Rose, 2014). Nine most well known organization of United States has reported about $2.38 million collective business loss. The cost of airlines generally includes two segments direct operational cost and indirect operational cost. The direct operational cost include aircraft, fuel and the monthly remuneration of the employees working for the airlines industry whereas, the indirect operational cost include the entire distribution cost (Fuellhart o'connor, Kevin, 2013). The industry charges about 60% of the total cost for the direct operation and 40% for the indirect operational cost. Cur off in direct operational cost is not possible as the direct cost is referred to as almost fix (Higham et al., 2016). Thus, most of the airlines organizations are focused on reducing the indirect cost of the industry. Implementation of IT in the airline industry is needed for the below mentioned reasons: It reduces the reservation system cost The sales office cost also get reduces by implementing IT in the airlines industry. The advertisement and sales cost also get reduces. After introduction of online ticket booking the amount of tax also get reduced. Importance of IT for Australian airlines business survival For the survival of Australian airlines, implementation of Information technology is strictly required. It helps to improve the additional revenue structure. After adaptation of IT in the existing business platform the company gained different technical advantages (Lee Worthington, 2014). From business perspectives it helps to provide different opportunities and advantages to the business. Innovation of new technical advances: In order to survive in the technical world, the Australian airlines should start cutting the indirect cost to improve the revenue very quickly (Berghfer Lucey, 2014). In the area of crewing and pricing, IT helps to minimize the cost budget for business operations. Software advances: The arrival concept referred to as software, helps for the survival of the industry (Chakrabarty Kutlu, 2014). It does a lot for the agility of the airlines industry and also helps them to move to the opposite direction from costly legacy system. Analysis of the requirements that can be applied in IT business Cost: In order to manage different information regarding airlines industry, proper management of data is strictly and for that implementation of software and hardware is also needed. Before real life execution, cost estimation and feasibility study is needed to be done. Therefore, exact investment is one of the major IT requirements. Planning: Before execution of manual database system for data management, proper planning is required to be done for IT business survival. Designing: An exact SDLC (Software Life Cycle) methodology is required to be followed by the designer, to implement the planning and modeling. Equipment: Different equipments are needed to be installed by the airlines industry, to develop the designing approach made by the developers even, regular update program is also needed to be arranged. Installation: To keep the data confidentiality exact antivirus software is required to be installed so that none of the external attackers could hack the data from the storage. Training: Regular training and development program for the employees of the airlines industry is needed to be arranged to keep them connected withal the innovative technologies. Even if the employees are not familiar with the technologies then also they will become known to the technologies. Usage of IT in airlines business Factors uses in Australian airlines Impact Internal factors Staff Employees 1. The employees who hold the legal status in the Australian airlines industry are very efficient and in order to keep the management process secured, staffs play vital role. 2. The employees of Australian airlines works collaboratively on every project. Even the staffs are very helpful and due to shifting hours they are capable to serve proper services to the organization (Belobaba, Odoni Barnhart, 2015). Reward function in terms of incentives is also allotted for the employees. External factors Customer Suppliers 1. The industry is capable to hold a bunch of consumers throughout the world and it also has a manual data base management system where the details of the consumers can be safely kept. 2. For Australian airlines, Airlines suppliers play a vital role. In order to meet the requirements of the consumers like security appliances such as life jackets, oxygen mask other like magazines, drinking water, foods are supplied by the suppliers of Australian airlines (Borenstein Rose, 2014). Benefits and advantages of IT in airlines business Revenue: After implementing IT in the business process, the company becomes capable to achieve benefit from the competitive marketplace. After implementing manual database system the information handling approach has become much efficient than traditional process. Online ticket booking and consumers care forum helps to engage more number of consumers throughout the world without error. This approach leads to gain rapid growth in terms of commercial revenue. Flexibility: After implementing IT in the business model of Australian airlines, the management system has become reliable and flexible. Data regarding the consumers and even about the industry itself, can be easily accessed by the authenticated users only. Reduced cost: Due to online transaction, the process become capable to reduce the cost allotted for governmental tax. As the IT system does not have any sort of intermediately processes, thus during the processing period, the estimated cost is also not get affected. Assessment of risks associated to IT in airlines business During assessment of business process of Australian airlines, certain risks associated to the system are needed to be considered. Proper analysis will help to understand the cost benefit analysis of the business process (Higham et al., 2016). Regarding data security the factors that are needed to be analyzed are as follows: Security: Proper encryption key is not applied in the Australian airlines industry thus the stored in the database system are not secured enough from the business perspectives (Young et al., 2015). This is referred to as one of the major drawback or risks of the business system. Privacy: Different organizations have their norms, policies and practices to run their business process. However, the airlines organization does not have proper privacy statements. Confidentiality: In order to keep the data secured from external attacks, confidentiality is required to be adapted in the business process. The company is lagging to serve confidentiality in their stored information (Borenstein Rose, 2014). Due to lack of confidentiality management the external users can hack data by using public key. This is referred to as another vital risk associated to the business process. Monitor of IT in airlines business In order to handle the overall management system the top managerial team of Australian airlines is needed to control and monitor the entire business process. Proper network management, database management system is needed to keep (Fuellhart o'connor, Kevin, 2013). Particularly, for this airlines company regular update of software, technologies and hardware are needed to be maintained so that, it can avoid the risk involved to the business process. Conclusion From the overall discussion it can be concluded that Australian airlines, a real life example is affected by IT in different ways. The business process has been completely changed before and after the implementing IT in their organization. The report has mentioned, need, and importance of IT in business. After installing IT in the business how it is affecting the consumers and staffs are also illustrated in this report. Apart from this, during the analysis session it has been found that many risks are also associated to the business process after installing IT, which are needed to be mitigated. Australian airlines is positively as well as negatively affected by IT, all the aspects are clearly demonstrated in this report. References Adler, N., Fu, X., Oum, T. H., Yu, C. (2014). Air transport liberalization and airport slot allocation: The case of the Northeast Asian transport market.Transportation Research Part A: Policy and Practice,62, 3-19. Arjomandi, A., Seufert, J. H. (2014). An evaluation of the world's major airlines' technical and environmental performance.Economic Modelling,41, 133-144. Ashwini Nand, A., Singh, P. J., Power, D. (2013). Testing an integrated model of operations capabilities: an empirical study of Australian airlines.International Journal of Operations Production Management,33(7), 887-911. Belobaba, P., Odoni, A., Barnhart, C. (2015).The global airline industry. John Wiley Sons. Berghfer, B., Lucey, B. (2014). Fuel hedging, operational hedging and risk exposureEvidence from the global airline industry.International Review of Financial Analysis,34, 124-139. Borenstein, S., Rose, N. L. (2014). How airline markets work or do they? Regulatory reform in the airline industry. InEconomic Regulation and Its Reform: What Have We Learned?(pp. 63-135). University of Chicago Press. Bush, H., Starkie, D. (2014). Competitive drivers towards improved airport/airline relationships.Journal of Air Transport Management,41, 45-49. Chakrabarty, D., Kutlu, L. (2014). Competition and price dispersion in the airline markets.Applied Economics,46(28), 3421-3436. Fuellhart, K., O'CONNOR, K. E. V. I. N. (2013). Air services at Australian cities: change and inertia 20052010.Geographical Research,51(1), 37-48. Higham, J., Cohen, S. A., Cavaliere, C. T., Reis, A., Finkler, W. (2016). Climate change, tourist air travel and radical emissions reduction.Journal of Cleaner Production,111, 336-347. Lee, B. L., Worthington, A. C. (2014). Technical efficiency of mainstream airlines and low-cost carriers: New evidence using bootstrap data envelopment analysis truncated regression.Journal of Air Transport Management,38, 15-20. Young, J. P., Win, A. K., Rosty, C., Flight, I., Roder, D., Young, G. P., ... Hauben, E. (2015). Rising incidence of early?onset colorectal cancer in Australia over two decades: Report and review.Journal of gastroenterology and hepatology,30(1), 6-13.

Leadership Theories Essay Example Essay Example

Leadership Theories Essay Example Paper Leadership Theories Essay Introduction Introduction Numerous studies have been conducted on leadership styles and theories, leading to an abundance of information on the topic. This paper will identify leadership styles and theories that the author has experienced in the maintenance field. Given the leadership styles identified, the author has identified one leadership theory that has influenced their leadership style for an ongoing project that they are currently working on. The study of leadership has identified many different styles exhibited by leaders. Leaders may be of predominantly a single style or may demonstrate the use of different styles depending on the environment that they find themselves in. Goleman (2000) has identified six styles which have been summarised below, however the descriptions of each style may be known by other titles according to different authors. Coercive – ‘Do as I tell you’. Demands that people follow the instructions given to them and leaves no room for their input o r initiative. Rules from the top down. Can make people feel devalued and so resentful that they feel no compulsion to help the leader or business. It can however be used in times of crisis, during a turnaround and to deal with problematic employees, however it should ceased to be used when then issue is dealt with. Authoritative – ‘Come with me’. Authoritative leaders build a vision and inspire people to achieve the vision. Establishes a clear vision and encourages everyone to achieve the vision with true enthusiasm. They motivate people by demonstrating to them how their work fits into the larger vision of the organisation, and generally offers people the freedom to develop their own methods to achieve the stated vision. Leadership Theories Essay Body Paragraphs Affiliative – ‘People come first’. The Affiliative leader has a caring, nurturing approach building strong emotional bonds with people to develop fierce loyalty among people. They provide the freedom for people to choose the most effective way to do their work. Affiliative leaders offer positive feedback to personnel providing a sense of recognition and reward for work well done which in turn generates motivation and a sense of belonging among personnel. Democratic – ‘What do you think? ’. By listening to other people’s ideas and getting their buy-in, the democratic leader seeks consensus among personnel in how the work is to be done to achieve their goals and in setting the goals. This leadership method can create high morale and flexibility within a workforce due to personnel having a say in what is happening. Leaders can use this method to put off decision making or gain input from personnel to make decisions, however there is a risk that if a consensus cannot be reached on issues, many meetings may soon start to occur where decisions are not made, and more meetings are required. It is also a style not recommended when personnel are not competent or well enough informed to be able to make sound decisions. Pacesetting – ‘Do as I do, now’. The pace setting leader sets extremely high performance standards and then exemplifies them himself, expecting the others around him to do the same. If used inappropriately, it will negatively affect the work climate by the pacesetter overwhelming employees with their demands for excellence by making them feel as though they cannot be trusted to do their work. Initiative, flexibility and responsibility among personnel will also diminish. This approach however may work well with a group of like minded, competent personnel who have a set goal or project to complete. Coaching – ‘Try this’. By helping personnel to identify their strengths and weaknesses, the coaching leader helps to determine long term development goals and formulate an action plan to attain those goals. Coaching leaders are prepared to assign challenging tasks to personnel and accept the risk of short term failure if it furthers long term learning. Paradoxically, coaching primarily focuses on personal development rather than the immediate work related tasks, however coaching reinforces many factors that drive work climate – constant dialogue, constant and constructive feedback, clear expectations, responsibility, flexibility and commitment all of which have a positive effect on business performance. Although Goleman (2000, p. 87) identifies 6 individual leadership styles, he also goes on to state: Leaders who have mastered four or more – especially the authoritative, democratic, affiliative, and coaching styles – have the very best climate and performance. And the most effective leaders switch flexibility among the leadership styles as needed. Other leadership styles and theories include: Charismatic – According to Fatt (2000), â€Å"the charismatic leader is a visionary, specifically, having a vision of extraordinary goals and the ability to motivate those around him or her to achieve that vision†. The charismatic leader is able to express the vision, both in terms of communicating the vision and through their personal behaviour to realise the vision, explain the vision to others capturing both benefits to the business and the individual, extend the vision throughout the organisation and expand the vision in different ways and circumstances addressing whatever is required to achieve the vision. Charisma is often conferred by followers onto the leader, creating loyalty to the leader. The climate created by the leader is liable to change when the charismatic leader is removed or the situation changes and the need for a charismatic leader is no longer there. Situational Leadership Theory (SLT) â₠¬â€œ SLT suggests that leaders demonstrate a combination of both task and relationship orientated behaviours in various ratios when dealing with their subordinates depending on the maturity (ability and willingness) of the subordinate to able to complete the task. Blank et al (1990) suggest â€Å"subordinate â€Å"maturity† as the key situational characteristic that is said to moderate the relationship between leader behaviour (task and relationship) and leader effectiveness (Hersey Blanchard, 1969, 1982)†. It can be said then that as a workers maturity grows, their relationship with their leader will also change in terms of the leader demonstrating more relationship based behaviour and less task orientated behaviours. Path Goal Theory (PGT) – â€Å"The theory states that the main goal of the leader is to help subordinates attain the subordinates’ goals effectively, and to provide them with the necessary direction and support to achieve their own goals as well as those of the company. † Silverthorne (2001). In trying to achieve this, the leader needs to be adept in adopting directive, supportive, participative and achievement-orientated behaviours where necessary in order to assist the worker in achieving their goals. The leadership behaviour required will be decided by the nature of the task and the needs of the workers who have been set the task. Transactional – Transactional leadership involves the setting of tasks or goals and the provision of recognition or rewards for achieving the desired results. Bass et al. (2003), further this by stating â€Å"Exhibiting transactional leadership meant that followers agreed with, accepted, or complied with the leader in exchange for praise, rewards and resources or the avoidance of disciplinary action†. This includes a behaviour known as active management by exception whereas the leader specifies the standards for compliance, what will be deemed as non-conformance, and often details consequences of non-conformance. Transformational – â€Å"Transformational leadership refers to a leadership style in which leaders possess charisma and provide intellectual stimulation, individualised consideration and inspirational motivation to followers† Beugre et al. (2006). By clearly defining the organisations goals and objectives to workers, the transformational leader then inspires and motivates workers to achieve, beyond the task – reward behaviours exhibited by transactional leaders, the goals and objectives of the organisation. Transformational leadership is an effective style when an organisation needs to encompass change as transformational leaders identify new ways of working, seek opportunities and effective resolutions to problems rather than efficient solutions. Leadership styles can be many and varied or a leader can sometimes exhibit a dominant style. Generally throughout the research the author has conducted, the more styles a leader is competent in, the more likely they are to achieve the results they are after. The leadership style adopted by a leader in a given situation can have a large affect on the work climate and consequently, aid or inhibit them from achieving their objectives and goals. References Bass, B, Avolio, B, Jung, D, Berson, Y 2003, ‘Predicting unit performance by assessing transformational and transactional leadership’, Journal of Applied Psycology, vol. 88, no. 2, pp. 207-218 Beugre, C, Acar, W, Braun, W 2006, ‘Transformational leadership in organisations: an environment-induced model’, International Journal of Manpower, vol. 27, no. 1, pp. 52-62 Blank, W, Weitzel, J, Green, S 1990, ‘A test of situational leadership theory’, Personnel Psychology, vol. 43, no. 3, pp. 579-597 Fatt, J 2000, ‘Charismatic leadership’, Equal Opportunities International, vol. 9, no. 8, pp. 24-28 Goleman, D 2000, ‘Leadership that gets results’, Harvard Business Review, March-April, pp. 78-90 Sagie, A, Koslowsky, M 1994, ‘Organisational attitudes and behaviours as a function of participation in strategic and tactical change decisions: an application of path-goal theory’, Journal of Organisational Behaviour, vol. 15, no. 1, pp. 37-47 Silverthorne, C 2001, ‘A test of the path-goal leadership theory in Taiwan’, Leadership Organisational Development Journal, vol. 22, no. 4, pp. 151-158 We will write a custom essay sample on Leadership Theories Essay Example specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Leadership Theories Essay Example specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Leadership Theories Essay Example specifically for you FOR ONLY $16.38 $13.9/page Hire Writer

buy custom Law of Purchasing and Supply essay

buy custom Law of Purchasing and Supply essay Question 1 Subject to sale of goods Act, there is no disguised condition as to the quality of any particular purpose of goods supplied. The rule of Caveat Emptor which in simple terms means buyers beware is greatly applied in sale of goods contracts. However, when the sale in question is made by description, the rule is departed in favor of the rule for goods sold by description. The latter rule states that goods sold by description should meet the description thereof or else, the buyer has the right to repudiate the contract. In this case, the car sold did not correspond to the description and the plaintiff (buyer) could therefore maintain an action against the defendant (seller). Case Law Grant v Australian knitting Mills Ltd (1936). The plaintiff went to the defendants shop and asked for a pair of long wooden underwear. The goods were displayed on the counter before him and a sales assistant selected a pair which he bought. The underwear contained an excess of sulphite and the plaintiff contracted dermatitis after wearing it. Held: the chemical should have been removed before the underwear was sold. The defendant was therefore liable. Sues Luxury Cars (SLC) will be held liable for the negligent advice that Tina gave to Richard as implied in the warranty of disclosing the dangerous nature of the goods to the ignorant buyer. Tina breached s13. As in the case, Oscar Chess v Williams, the descriptive statement which is part of s13 is incorporated into the contract. In case they knew that the car was not defective, and its sign was not the actual one and that Richard is ignorant of the condition of the car thus; they are held liable for not warning Richard of the probable danger. Question 2 One of the essentials of a valid contract is the existence of offer and acceptance. In this case, MHL offered cottage. This was a conditional offer as some conditions had to be fulfilled for the contract to become binding. Paul and Richard indeed complied with the conditions and the contract therefore became binding. It is imperative to know that though an offer made through post becomes effective when the letter is received by the offeree, acceptance by post becomes effective from the time the acceptance letter is posted and not when the letter is actually received by the offeror. In the case at hand therefore, Paul and Richard, having posted the acceptance letter before the offer could lapse, had bound MHL. They can therefore maintain a legal action against MHL for letting the room in question. The fact that MHL had not received the letter of acceptance and the money is no defense in law. Case Law The case in Byrnev. Van Tien Hoven: it was held that the acceptance was effective when the plaintiffs posted their letter on October 11th in New York although the defendants in Cardiff were not aware of the posting. Upon suing for damage, Paul and Richard are entitled to recover a reasonable amount for the expenses incurred. They are also entitled to the down payment they had made. Question 3 Petrolheads would be held liable for the damages caused to Sue. In this scenario, the rule of vicarious liability is applicable. The rule states that an employer is liable for the torts committed by his servant provided they are working in the course of their employmment. The employee who caused injury to Sue was acting in the course of his employment and this makes his employer liable thereof. Case Laws In Lloyd v Grace Smith CO 1912 A.C. 716, the plaintiff had sought advice from the defendants, a firm of solicitors whose managing clerk conducted conveyancing work without supervision. He advised the plaintiff to sell some property fraudulently persuading her to sign certain document that transferred the property to him. He disposed of it and kept the proceeds. Held: even though the fraud had not been committed for the benefit of the employers, nevertheless, they were liable for the clerk had been placed in a position to carry over such work and had acted throughout in the course of his employment. Furthermore, when they put their notice, they dont specify to their customers what may cause harm to them while within their premises so that necessary precautions may be laid down. When Trevor, an employee, knock Sue down, he should be held liable for his negligence. He should do what a reasonable persons needs to do while discharging his duty. Petrolheads cannot exclude or restrict liability for negligence even though Sue was aware of the notice. Being aware of the terms in it should not be taken as indicating his voluntary acceptance of any risk. A person cannot so exclude his liability for negligence except in so far as the notice made satisfies the requirement of reasonableness. In this case, Perolheads cannot protect Trevor for his negligence, hence, he should be held liable for the damages caused. Petrolheads should be held liable for the duty of care for the occupiers of their premises, so Sue is entitled for the damages caused to him by Trevor. Buy custom Law of Purchasing and Supply essay

Investment Analysis essay for the exam Example | Topics and Well Written Essays - 2250 words

Investment Analysis for the exam - Essay Example In actively managed portfolios, fund managers do not believe that market is always efficient and they are always eager to make use of such mismatch in pricing that does not discount the information completely. If active fund manager remains successful in identifying such opportunities, it is possible to make above average returns without exposing to higher systematic risk and thus, it is possible to outperform the market through actively managed portfolios. Information always continues to flow in the market and prices keep on fluctuating. Sometimes the information is stock specific and sometimes, some macroeconomic factors may provide direction to the market. Disadvantage of actively managed fund is that these funds have higher expense ratios. They also pay higher taxes as they frequently enter and exit in the market. Due to their modus-operandi, these funds may give higher returns; however, they carry higher risks too. It is also true that prices fluctuate in response to available information widely as per the perceptions of the players involved and they are mostly unpredictable. Usually, it is not possible to use information to predict future price. Contrasting actively managed funds, passively managed funds take a long term view and do not frequently enter or exit the market. The advantage is that they are less risky and pay lesser taxes in comparison to active funds. Owing to limited number of transactions, passively managed funds spend less on transaction costs. They usually provide risk free average returns. Passively managed funds are highly diversified to minimize market risks. Another advantage is that they are not information dependent while reshuffling their portfolios, which usually happen at much lesser frequency. The only disadvantage that can be said against passively managed funds is that they do not provide fancy returns;

Solvability Factors Essay Example | Topics and Well Written Essays - 1000 words

Solvability Factors - Essay Example Solvability factors, therefore, are the elements or situations that directly or indirectly affected the resolution of a crime which, as defined above, constitutes arresting and charging the offender or perpetrator. The following are solvability factors identified in the investigation of crimes such as homicide. The first group of factors involves those associated with the crime incident (Keppel & Weis, 1994). One factor is the commission of another crime. For homicide, these include robbery and breaking and entering which may aid in the investigation of the primary crime. Another factor is the time of the commission of the crime. Crimes that are perpetrated at broad daylight or at a time wherein many people are up and about will have a higher solvability due to the possibility of witnesses. Another factor under this category is the place of the crime. Crimes committed in residential areas are more likely to be solved than those committed in non-residential areas (Keppel & Weis, 1994). The second group of factors includes those associated with the vic... The third group of factors is the law enforcement organizational factors. Different strategies, regulations and other characteristics of crime detection agencies play an important role in the resolution of a crime. One factor is the amount of time that is devoted for a particular case. It is only logical that one investigator can handle a certain number of cases for a given period of time while it is quite understandable that an investigator can be more focused and be efficient when handling one case at a time (Wellford & Cronin, 1999). Another factor under this category is the number of agents or detectives for a particular division who can handle the same types of crime. When a certain investigator handling a case cannot, for any particular reason, pursue the investigation then assistance or replacement by another capable investigator is necessary (Muozos & Muller, 2001; Wellford & Cronin,1999). Another factor is the existence and efficiency of support staff that can increase the performance and rate of accomplishment of the details and processes undertaken by an investigator. Related to this is the separate function of data or evidence analysts that can help tackle the clues and questions posed by the data or evidences. Lastly, an important solvability factor related to law enforcement practice is teamwork inside the unit which roughly translates to good cooperation and communication frameworks among colleagues (Riedel & Rinehart, 1996). The fourth group of solvability factors falls under the crime scene factors. The foremost factor in this category includes the rapid or timely security of the crime scene and other places that may be