Mission, values and key objectives of Faysal Bank

Mission, values and key objectives of Faysal Bank Organization:- An organization is a person or group of people intentionally organized to accomplish a common goal or set of goals. Faysal Bank Limited:- Introduction of Faysal Bank Limited:- Faysal Bank Limited was incorporated in Pakistan on October 3, 1994, as a public limited company under the Companies Ordinance, 1984. On January 1, 2002, Al Faysal Investment Bank Limited, another group entity in Pakistan, merged into Faysal Bank Limited which resulted in a larger, stronger and much more versatile institution. Mission:- Mission or Purpose is a precise description of what an organization does. It is a definition of why the organization exists currently. Each member of an organization should be able to verbally express this mission. A mission statement focuses on the how of your business. Faysal Bank Mission:- Achieve leadership in providing financial services in chosen markets through innovation. Values:- A value is a belief, a mission, or a philosophy that is really meaningful to the company. Faysal Bank Values:- Our daily code of conduct is exemplified by eight core values: * Threshold values values at the heart of our brand. * Differentiator values values that set our brand apart. Threshold Values:- * Integrity- Our Integrity: Our Identity * Team Work- Our Team Work: Our Asset * Respect- Our Respect: Our Duty * Professionalism- Our Professionalism: Our Competence Differentiate Values:- * Passion- Our Passion: Our Worth * Responsiveness- Our Responsiveness: Our Distinguisher * Innovation- Our Innovation: Our Strength * Compassion- Our Compassion: Our Gift Objectives:- Objectives give the business a clearly defined target. An objective is something you want to achieve. Faysal Bank Objectives:- * Prime focus to earn profit by providing values to its customers. * To provide superior services to its customers. * To provide assistance in the development of the commerce and trade industry. * Focus on blending skills and experience towards creating an enabling environment. * Core focus is to inculcate a culture of collaboration intended to deliver world class customer service. * To promote and boost up business sector inside the country. * To provide the employment opportunities in the country. * To provide loan and advances to help out in self employment schemes * To earn profit for the bank itself and for its stakeholders. * To create maximum economic value for shareholders through constant relationship focuses on financial services. Stakeholders:- Stakeholders are individuals or groups who have an interest in an organizations ability to deliver intended results and maintain the viability of its products and services. In the development of a firms mission and vision is a good place to start, but first, of course, you must identify critical stakeholders, get a handle on their short- and long-term interests, calculate their potential influence on your strategy, and take into consideration how the firms strategy might affect the stakeholders (beneficially or adversely). Stakeholders can be internal as well as external Internal Stakeholders:- Internal stake holders are individual or groups inside a business or an organization. External Stakeholders:- External stake holders are individuals or groups outside the business who are interested in the decisions an organization makes. Overall stakeholders include owners or shareholders, managers, employees, customers, government, suppliers, communities and Investors. Some stakeholders may have more than one interest in a business. An employee might also be a stakeholder. Managers are employees of the business, a customer might be a member of a local community but yet they can be stakeholders. Stakeholders in a business will usually benefit from their involvement with the organization. Employees will earn money which they can spend on goods and services. Customers will consume the goods and services supplied by the business and the government will collect tax from the organization. P2:- Evaluate the extent to which an organization achieves the objectives of three stakeholders. Interest Objectives of Stake holders:- Different Stake holders have diverse objective and they have different affects on an organization or business. According to Michael Novak following are seven points that should be kept in mind according to business ethics when developing relations with stakeholders. * Customer satisfaction by providing goods and services of real value. * Reasonable return on the funds entrusted to the business by its investors. * Create new wealth * New job opportunities * Promote invention and creativity * One of the most important is to diverse public interest into different sectors of life. Following are the needs of the stakeholders that the organization caters to for their complete satisfaction. * Shareholders want regular, secure and high returns. * Managers want responsibility, high rewards and a lack of interference in their actions. * Employees want high earnings, an interesting job and secure employment. * Customers want quality products at low prices and a good service * Suppliers want secure, regular and profitable orders. * Government wants to achieve a large number of goals including growth in the economy and low inflation. * The local community wants thriving local businesses which do not cause problems. P3:- Explain the responsibilities of an organization and strategies employed to meet them. Responsible Behaviour of an Organization:- Social Responsibility:- Agency theory devised by Milton Friedman says that the social responsibility of an organization is to generate the possible profit for its shareholders with fair competition, no fraud, etc. It should be understood that the managers of a firm are no more than agents working on behalf of the owners. But at the other end, the stakeholder theory emphasizes a broader set of social responsibilities for business (Mullins, 2005). Ecological Responsibility:- Ecology and the increasing destruction of ecosystems and natural resources have a widespread concern from the public, the governments and inter-governmental agencies. Business organizations in the whole world are required to conduct an Environmental Impact Assessment (EIA) for their new operations or expansion of the existing ones. EIA is a detailed study of the likely environmental consequences of the new development, together with plans to avoid causing damage or to repair damage that cannot be avoided. The EIA takes into account whether resources used are renewable or non-renewable. Allaby elaborates that the cost of obeying regulations may inhibit innovation and apart from the economic effect, this may delay or even prevent the substitution of new products and processes for old ones. Business Ethics:- Business ethics has a broad spectrum, because any action by a firm or one of its employees can be done ethically or unethically (Mullins, 2005). Thus the behaviour of a business towards its customers, competitors, suppliers, employees, the environment, local communities and other stakeholders will certainly reflect the organizational cultures in terms of ethics adopted or neglected. Sternberg includes two tests of the decency (e.g. refraining from stealing, cheating) and distributive justice (i.e. ensuring that rewards are proportional to contributions made). Therefore, an organization is said to be ethical if it satisfies three tests of: * long-term wealth growth of its owners; * common decency * distributive justice If it fails in any of these three tests, the organization is deemed unethical. Management Responsibilities:- The stakeholder view suggests that management is responsible not only to the organizations owners (Shareholders), but also has responsibilities to: * Employees * Customers * Suppliers * Competitors * The Local Community * The general public (and government) Public Relations and Corporate Image:- Corporate image describes the public attitude towards a company, or the image of the company in the mind of the general public and, perhaps more specifically, in the minds of potential customers. It is possible to promote a desired corporate image through a combination of public relations, advertising and the experiences and attitudes build up by customers over the year. (For example, the favorable corporate image of Marks and Spencer grew up over many years, without the need for substantial PR or advertising.) P4:- Explain how economic systems attempt to allocate and make effective use of resources. Economic System:- Economic systems comprises of a long list, some of which are as under:- * Capitalism * Socialism * Mixed Economy Capitalism (Free Enterprise):- Capitalism is an economic system characterized by a free market in which means of production and distribution (the land, factories, technology, transport system etc) are privately owned referred to as the capitalist class. The people who sell their ability to work in return for a wage or salary are referred to as the working class. The working class is paid to produce goods and services which are then sold for a profit. The profit is gained by the capitalist class. The capitalist class lives off the profits they obtain from exploiting the working class while reinvesting some of their profits for further accumulation of wealth. Socialism:- Socialism is an economic system in which the means production and distribution of goods are owned by the community collectively usually through the government. Socialism is characterized by: * Production for use rather than profit * Equality of individual wealth * Absence of competitive economic activity * Government determination of investment, prices, and production levels Mixed Economy:- Mixed Economy is an economic system which allows the simultaneous operation of publicly and privately owned enterprises. It is an economy that reflects the elements of both capitalism and socialism. In a mixed economy, the private ownership as well as the state takes part in the means of production, distribution and other types of economic activities. Allocation of Resources in the Economic system:- In capitalism, the motive for producing goods and services is to sell them for a profit, not to satisfy peoples needs. While in socialism all rights and decision are taken under the government bodies. Everyone can get benefit from that economic system while in mixed economy both socialism and capitalism take place. P5:- Discuss the impact of Social welfare and Industrial policy. Social Welfare Policy:- Modern social welfare measures may include any of the following: the care of destitute adults; the treatment of the mentally ill; the rehabilitation of criminals; the care of destitute, neglected, and delinquent children; the care and relief of the sick or handicapped; the care and relief of needy families; and supervisory, educational, and constructive activity, especially for the young. Industrial Policy:- Government provides the financial support and capital to the private sector by direct subsidies, tax credits, or government-run developmental banks. Industrial policy emphasizes cooperation between government, banks, private enterprise, and employees to strengthen the national economy. Impact of Social Welfare Policy on Faysal bank Ltd:- As Faysal Bank is a socially responsible corporate entity so it has been a regular contributor to the society and communities it operates in. The employees of the bank established a relief fund for Internally Displaced Persons from Swat, with the bank. The bank partnered with the Institute of Business Administration (IBA) Karachi to provide Rs. 50 million over a period of 3-5 years for sponsorship of one academic chair in IBAs Executive MBA program. The bank even donated 183 computers to different educational institutions with a focus on promoting education for the underprivileged. Impact of Industrial Policy on Faysal Bank Ltd:- The main impact on FBL is if the government of Pakistan increases the interest rate so the all banks will get affected by this decision. Due to more interest profit will decrease and people will be reluctant to utilize the services and facilities provided by the bank. P6:- Evaluate the impact of macroeconomic policy and its influence. Macroeconomic Policy Measures:- Macroeconomic is one of the two most general fields of economics that literally means managing economics at large. It deals with the entire economys performance, total amount of goods and services produced, decision making, structure and etc. It can be national, regional, or global economy. It includes the study of GDP, unemployment rates, and general behavior of prices to understand how the economy works. It also develops models for analysis of national income, inflation, savings, investment, international trade and etc. Fiscal Policy:- Measures employed by governments to stabilize the economy, specifically by adjusting the levels and allocations of taxes and government expenditures. When the economy is sluggish, the government may cut taxes, leaving taxpayers with extra cash to spend and thereby increasing levels of consumption. An increase in public-works spending may likewise pump cash into the economy, having an expansionary effect. Conversely, a decrease in government spending or an increase in taxes tends to cause the economy to contract. Fiscal policy is often used in tandem with monetary policy. Until the 1930s, fiscal policy aimed at maintaining a balanced budget; since then it has been used countercyclical, as recommended by John Maynard Keynes, to offset the cycle of expansion and contraction in the economy. Fiscal policy is more effective at stimulating a flagging economy than at cooling an inflationary one, partly because spending cuts and tax increases are unpopular and partly because of the work of ec onomic stabilizers. Impact of Fiscal Policy on Faysal Bank Limited:- Due to rise in rate of taxation the selected organization has to pay extra taxes, and due to this it will cause reduction in investment because of less earnings and high taxes. The enlargement in the government expenses or payments will increase employment rate as well as the purchasing power of the people means they will spend more. This will cause rise in demand of hospital facilities and services. Monetary Policy:- Measures employed by governments to influence economic activity, specifically by manipulating the money supply and interest rates. Monetary and fiscal policy are two ways in which governments attempt to achieve or maintain high levels of employment, price stability, and economic growth. Monetary policy is directed by a nations central bank. In the U.S., monetary policy is the responsibility of the Federal Reserve System, which uses three main instruments: open-market operations, the discount rate, and reserve requirements. In the post-World War II era, economists reached a consensus that, in the long run, inflation results when the money supply grows at too rapid a rate. Impact of Monetary Policy on Faysal Bank Limited:- The supply of money will reduce, and the flow of money will be a smaller amount due to all this it will affect the business performance. Decrease in business actions will decrease buying power of people and income rate. Due to more interest profit will decrease and people will buy less services and facilities from the selected organization. M1:- Give your judgments about the organizational performance in achieving its objective and also satisfy its stakeholders. Banks Performance:- 2009 was the first year of implementation of banks five year strategy developed in 2008. The bank made considerable progress in all five pillars of strategic focus i.e. Customer Franchise, People, Risk Management, Processes and Financial Perspective. Customer Franchise:- Keeping in view the objective of being the bank of choice for customers, new initiatives were undertaken during the year. To improve customer experience, a service quality department was set up which developed a comprehensive service quality program covering customer experience measurement, process refinement and employee engagement. Islamic Banking: Barkat Islamic Banking was launched, that introduced Shariah compliant banking transactions. Alternate Delivery Channels: The Bank expanded its ATM network by adding 23 new ATMs taking the total ATM network to 116 ATMs across the nation. The bank also introduced real time Cash Deposit facility through ATMs on 13 Cash Deposit ATMs in selected cities. People:- Organizational structures across all functions were reviewed and aligned to focus on business, risks, costs and clarity of roles and responsibility keeping in view with the best practices. Similarly HR policies were reviewed and have been revised. A new performance management system was introduced. Trainings were also conducted for soft skills development of employees. Risk Management:- The Risk Management Framework was revitalized through inclusion of following functions:- * Special Asset Management Group focusing on account recovery and classified exposure management, and * Credit Administration Department engaged mainly in credit monitoring and security documentation. Processes:- The bank centralized five operational hubs into a processing centre for providing seamless services from one single location to the entire branch network. Two geographically separate centralized operation clusters have been created to behave as a backup site for each other in case of a major disaster at one location. Financial Perspective:- In line with the organizational setup, the MIS setup of the bank has also been changed from geographical to functional. During the year MIS level was graduated to the next level i.e. from business segment level to customer level. M2:- Discuss how much the organization acting responsibly under current circumstances. There are various ways and methods for an organization to consider so they can act responsible, however those various ways and methods also depend on the kind of organization you are working with. However, the organization we have selected to write upon is the banking sector. Banks are situated at at places ideal for customers and are environment friendly, as building do not pose threats to the environment. Given the nature of the bank work, which is mainly clerical or administrative, employees are not subject to occupational health hazards. However, a variety of occupational risks to health do exist in the banking sector, as in other clerical occupations. It is the important for the employees health that adequate standards of hygiene, cleanliness and comfort are maintained in the workplace. It is difficult, to single out health risks involved to the banking sector that are not common to other clerical occupations and it is even more difficult to isolate any special problems in this area for employees of multinational banks. In the majority of cases, foreign and domestic banks are moreover governed by the same legislative standards with regard to health and safety and hygiene in workplaces, which are said to be respected by foreign banks and enforced through inspection at regular intervals. In a number of countries, particularly in Europe, enterprises of a certain size are obliged by law to set up a joint committee on safety and health to monitor the application of legal provisions, point out deficiencies and make suggestions for improvements. Many of the large banks have gone far beyond the legal prescriptions in their concern for protecting their employees health. For example, in a number of cases they have organized training sessions for employees on safety and health problems, precautionary measures in the workplace, fire prevention and other security matters. Ethical codes are rooted in a wider value system, as to what is right or wrong. Companies do have ethical responsibility and are not protected by limited liability from the consequences of their actions. A companys record and the perception of its ethics affect its reputation and ensure long term success or failure. The financial community has a history of placing moral considerations above legal or opportunistic expedients. But we are often exposed to moral dangers. Bankers role is one of stewardship based on trust. They are trusted by the people who ask them to look after their money and they have a duty to lend that money responsible. Banking is about rewards reflecting real risks and ethical considerations form an important part of their risk taking activities. The welfare of borrowing customers money, in good times and bad is of major concern in any business proposition. Bank depends on people to run their business and to reflect their ethical standards. Banks have to let their people know what is expected of them. A bank responsibility extends to Government, customers, shareholders, staff and community. In the future, as the banks face increasingly complex and conflicting issues, their resolve and commitment to ethical behaviour will be tested. D1:- Justify a choice of a new mission statement salient features. Mission Statement for Faysal Bank Limited:- Focusing on the customers loyalty by providing standard financial services, through developing and delivering innovative products and services keeping in view the stakeholders profitability. Features:- * Customers loyalty * Financial Services * Innovation * Stakeholders Profitability Customer Loyalty:- Objective of the bank is to provide valuable and superior services to customers, so for this the Bank is focusing on close and long term relationship with customers. Their prime aim is to facilitate their customers with more advanced financial services, so to make them loyal. Financial Services:- Objective of the bank is to provide assistance for an individual and business, so the bank is providing mixture of financial services to an individual and businesses for the development and promotion of individuals life and commerce. Innovation:- The focus of bank is to bring more new ideas in their services to their customers. Which will increase the market share of the bank and will led the bank serve more customers. Stakeholders Profitability:- By providing valuable services and innovation it will increase the stakeholders wealth. D2:- Recommend the broad strategies to achieve stakeholders Objective successfully. Strategies:- * Focus the business on the groups core skills and process technology. * Position the group in growth markets where our core skills are applicable. Environmental Technologies Division, which combines the skills in catalysts and process technology, is well positioned to serve these emerging markets. * Differentiate their strategies by using our world class technology. We will continue to invest significantly in research and development to develop new products and manufacturing processes. Technology is the key driver for most of the businesses and because of that organizations have a strong science base with technical centers located in all our major markets. * Maintain strong relationships with major customers, suppliers, government bodies and other stakeholders by investing resources on joint projects to ensure the group is well positioned for future market development. * Continue to invest in employees to ensure they are well trained, motivated and encouraged to meet the challenges of the future. * Ensure the business is run in a sustainable way by using resources efficiently. M3 D3:- What are the response of an organization towards social industrial policy and recommended solution. Social Welfare Policy:- The impact of Social Welfare Policy on Faysal Bank is sometime positive and negative. In case of providing free education and medical treatment etc the bank has to spent money which can affect their financial position. While on other hand, by providing these facilities students get motivated. The Bank provides facility of internship to fresh students to develop their practical skills. Faysal Bank provides Gratuity Fund to their employees. The Bank provides fund to IDPs, earthquake/flood affected people, in case of natural disaster in the country. Industrial Policy:- Industries are growing in this leading age so the Faysal Bank is also one of the leading Bank in the banking sector of Pakistan. The Bank provides variety of products of standardized nature which encourages the bank position to be stable in that sector. Against other competitors in the Banking sector, the Faysal Bank has provided innovative products and services to their customers and to business. Providing loans to businesses and encouraging different businesses and providing standard services by Faysal Bank is representing that the bank has given full response towards the industrial policy. Observation and Conclusion:- I observed Faysal Bank Limited a financially sound bank. Its profits are increasing year by year. Their staff is very good and sincere with the bank. According to my research Faysal Bank is not yet facing any major problems regarding Social Welfare Policy and Industrial Policy. Faysal Bank views specialization and service excellence as the cornerstone of its strategy. The people at Bank realize that innovation, creativity, reliability, customized services and their execution are the key ingredients for their future growth. They are aware that they have stepped into 21st century and they must meet its challenges by acquiring the highest level of technology. They will thus be accelerating their technological advances to enable them to distribute their products and services through most efficient and high technology means.

Characteristics of culture Essay

Culture is beliefs and values that are shared and influences effectiveness, they interact with formal structure to get behavioral norm. It is shared basic assumptions that are learned when solving problems of internal integration and external adaptation. There has been evolution of pattern of values, rites, practices, rituals and symbols. Culture is pattern of activities of human beings and symbolic structures that show significance of these activities. Characteristics of culture Culture is learned where its values can be transferred into institutions by means of social interaction and exposure to mass media. This exposure is very important because it reaches everybody and creates awareness about values and beliefs that are shared and no one can lack access to information. A purposeful culture offers order and gives direction and guides in solving behavior of human being because there is a given direction to be followed by every one and proper means of solving human behavior. The beliefs and practice must be common to the society because culture is shared. Members of the same society must have the same culture and share in the beliefs and practices that are set by the society. Culture is cumulative because, it is passed from one generation to another and each new generation is aware of the culture it is supposed to follow. This makes culture have a very strong historical and traditional relevance. (Barry, 2002 pp. 11-17) Culture is dynamic. In case of any change in society, it is able to adapt quickly. This is very important because the world is dynamic and changes can not be avoided at any given time and most of times changes are for the better due to innovations and changes in technology. Culture is perceived based on what we experience, hear or see. Therefore, we should be careful on what we experience, see with our own eyes or hear because it can affect our beliefs either positively or negatively. Culture considers how members perceive things but not whether they like it or not. Sources of culture Culture is transmitted from one person to another through stories containing narrative of events and things like breaking of rules, reaction of past mistakes where one is disciplined after a mistake is done and the punishment available to wrongdoers. The stories are true but are not meant to link past events with present events but only provide an explanation of the performance of events in order to justify practices that are used currently. Culture can come from rituals which are sequence of activities that repeat themselves in order to reinforce key values. The important goals of the firm, ceremonies for recognition and awards and annual picnics are all considered as rituals. In higher learning institutions, the way academic graduates dress and academic procession are the rituals that reinforce great value and beliefs. Material symbols can reflect the seriousness of organization and the quality of product and service which reflect organization personality. The facilities layout of offices and buildings and the way of dressing of employees and the cars driven by the superiors are material symbols. Some places have large well organized offices for their staff and allow staff to be members of clubs and reserve places where managers park their vehicles. Symbols create corporate identity by making workers feel special although those who are not recognized may have negative effect. (Castells, 1999 pp. 15-20) Language can be used to identify members who belong to a particular culture. By learning the language, people show that they accept the language and culture and are ready top preserve it. In computer companies, there is unique language that is used to describe equipments and key personnel. New employee require more time to learn the language and coding system and once everyone learns the language, it is used as a key denominator that unites members to given culture. Culture as civilization The idea of culture developed in Europe in early 19th century and reflected itself in inequalities in European societies, powers and colonies in the world. Culture is identified with civilization and contrasted with nature. Some countries are taken to be more civilized than others and some people are more cultured compared to others. Cultural theorists eliminate mass culture from meaning of culture. Culture is what is thought about and said and popular culture is contrasted with anarchy. This is the account in which culture is linked closely with human behavior and pursuit of perfection by knowing all matters that concerns us. (Galbraith, 1992 pp. 10-16) In practice, caliber arts, museum and classical music are referred to as culture and the term cultured means the people who know these activities and take part in them. There has been contrast between lowest and highest culture but stress has been put in sophistication and refinement of high culture being corrupting and human developments which are not natural and distorting nature of human beings. Folk music produced by people who are working express natural life and classical music is superficial. Indigenous people are taken to be noble savages who live authentic lives and are uncorrupted by capitalists system. Many social scientists do not like monadic culture and opposing culture to the nature and non-elites are cultured just like elites. Symbols are social actor’s practices and the meaning of such practices. Social actors have common symbols of communication to be able to understand one another while the same symbols have personal meaning and importance. Symbols limit cultured thoughts and culture members use symbols in framing their thoughts and expressing themselves in intelligible terms because culture is made possible, readable and reproducible by use of symbols. (Poster, 1990 pp. 23-27) Mass media culture Culture is very significant to mass media because it is integrated pattern of belief, human knowledge and behavior which includes ideas, beliefs, codes, tools, institutions and ceremonies. Social paradigm and culture refers to specific society and a specified time. This means that, there is change from time to time and from place to place. Therefore, there is no theory to determine relationship that exists between culture and economic or political elements in a society. The starting point is rejecting versions of crude economists and sophisticated versions that determine elements that are dominant in social formation. Elements which are dominant in social formation can not be determined by economic base but are determined only by creative act, that is, whether the outcome is of social praxis of social individual’s activities. Theocratic society’s dominant element was cultural and society existed as socialism. In market economies, after introduction of new system in commercial society during industrial revolution, dominant elements in markets economies were also economic. Means of production was controlled by private ownership which led to economy which was socially controlled and market played major role in market economies due to fundamental self regulating systems and are solved by price mechanism rather than by use of social decisions. Interdependence is the relationship between elements with economic element dominating. There are differences that exist between social paradigm and culture because the scope of culture is great and expresses ideas and values that are not necessarily consistent with dominant institutions and characterizes market economy arts and literature where there is significant freedom given to writers and artists to be able to express their own views freely. But in dominant social paradigm the values and beliefs in market society must be consistent with economic elements where economic institutions that determine dominant elites are economic elites who control production. Society can not be able to reproduce itself without dominant beliefs and ideas which are consistent with institutional framework. For example, the social paradigm which is dominant is supposed to be dominant with political elements and political institutions which determine party bureaucracy. The future democratic society corresponds with democratic institutions to ensure there are no formal elites in the society though democracies can not function well without informal elites. (Baudrillard, 1988 pp. 44-47) Mass media produces reality and does not fake things. Mass media does not manipulate democracy because it is democracy which is faked and not the picture of mass media and this shows the reality of current democracy and defines political reality provided by mass media. Furthermore, there can be distorted picture provided by mass media when reported about what causes crisis conflict between different sections of elites. This is where they show the picture which the sections that control them may want to reproduce. For example the media in Anglo-American distorted meaning of Iraqi criminal bombardment in 1998. During the Gulf war, there was distortion of what caused the conflict such as who would be in control of oil in the world with legumes of peace loving between the north and south regimes. Under circumstances like this, mass media is the only one that can tell the truth of the reality when there is division between elites on the way they take political reality. Mass media is very significant whether it is owned by few people or many in order to help in struggle aiming at social change. For example, division among European elites to join monetary union have led to great discussion by the media on meaning of European integration in Britain where there was split of elites. Similar divisions existed between European and Anglo-American over the Gulf crime which was criminal role of supporters of bombardments. About economic reality, there is accurate picture provided by mass media on economic reality today. In this case, the media take market economy for granted ending up with partial picture of reality in the economy where what matters most is whether there is rise or fall in prices, rate of exchange, profits and interest rates. Mass media is not able to see economic problems such as unemployment and poverty and end up faking economic reality. The media is simply able to reflect views of professional politicians, bankers and orthodox economists. (Baudrillard, 1990 pp. 27-31) REFERENCES Barry B. (2002): culture and equality: Ingenta connect pp. 11-17. Baudrillard J. (1988): selected writings: policy press pp44-47. Baudrillard J. (1990): mass media culture, in the revenge of the crystal: Pluto press pp27-31. Castells M. (1999): society and culture: Sage pub pp15-20. Galbraith J. (1992): the culture of contentment: Danny reviews pp10-16. Poster M. (1990): Baudrillard and TV in the mode of information: polity pp23-27.

Analysis Of 1984 By George Orwell - 954 Words

Sophie Moore Mrs. N. Finley E209R3 – 1984 literary analysis 27 January 2015 Symbolism throughout 1984 The novel 1984 is a futuristic totalitarian society where everyone is kept under close surveillance and is forced to follow all rules and laws of the state. The novel 1984 was written by George Orwell and published in 1950. The main characters were Big Brother, Winston Smith, Julia, O’Brien, Syme and Emmanuel Goldstein. Winston Smith is a low man on the totem pole when it came to the ruling Party in London, Oceania. His every move is watched by the Party through devices called telescreens. Posted everywhere around the city is the face of their leader, â€Å"Big Brother† informing them that he is always watching. He works in the â€Å"Ministry of Truth† which is ironic seeing that they alter history to fit the liking of the Party. As this book continues Winston challenged the laws and skirts around the fact that he is always being watched. His shocking and rebellious act is â€Å"falling in love.† Throughout this novel George Orwell utilizes symbolism to fu rther enhance the totalitarian features of the society. In many ways these symbols represent the things that this society hasn’t experienced and doesn’t understand. The face of the Party and the leader behind all the great power in this society is Big Brother. â€Å"Big Brother Is Watching You.† Is one of the most obvious symbols in the novel 1984. Big Brother is there for reassurance and is portrayed as a trustworthy leader for many, yetShow MoreRelatedA Literary Analysis Of 1984 By George Orwell721 Words   |  3 Pages The essay your about to read is a literary analysis of the book â€Å"1984 by George Orwell† it was written in 1948 as a thriller. 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In 1984 a manRead MoreAnalysis Of 1984 By George Orwell1578 Words   |  7 Pageseducation, thus he then joined the Asian country Imperial personnel. After five years, he resigned and went back home to become an author and later on became very popular when he wrote and printed the Animal Farm and 1984. Information about the literary period: In 1949, George Orwell wrote his most illustrious story. His book supported the concept of what is going to happen twenty-five years from then. He got this concept from what was happening around him and in the world. Through this year, theRead MoreAnalysis Of 1984 By George Orwell1160 Words   |  5 Pages1984 by George Orwell is set in a dystopian future ruled by a terrifying totalitarian government that’s known to make people disappear overnight. This government uses the kids to spy on their parents, has overarching figures that closely resemble real life people and uses large amounts of surveillance to keep the people in check. Many parallels van be drawn to real life people and situations. The fact that parallels can be drawn doesn’t necessarily mean that we’re living in the same world the peopleRead MoreAnalysis Of 1984 By George Orwell1022 Words   |  5 PagesPeople of Oceania 1984 was written by a British writer and journalist, George Orwell. Orwell created the novel, based off of the main protagonist, Winston, who tries to overcome the malicious obstacles of the politcal regime, is faced with judgements and mistreatments from the Party. One need only to apply the epithet of Big Brother to a government or organization in order to conjure up the nightmarish oppression so vividly portrayed in Orwells most famous novel. 1984 depicts a fictional societyRead MoreAnalysis Of The Novel 1984 By George Orwell1205 Words   |  5 PagesThis phenomenon is evident in George Orwell’s novel, 1984 in which the protagonist, Winston possesses critical features of a rebel. The rebellious personality of Winston is first introduced to the reader through his thoughtcrime’s. This trait is also distinctly seen through the doubts he has towards the governing party. Finally, the characteristic of rebellion is also successfully shown through Winston’s desir e for happiness. It is evident that through the novel 1984, Winston is a rebellious characterRead MoreAnalysis Of 1984 By George Orwell1163 Words   |  5 PagesEXAGGERATING IS UNDERSTATING Have you ever felt like you were being watched? In 1984 by George Orwell this was not just a feeling of the citizens in Oceania, it was their lifestyle. The plot of 1984 is over exaggerated in the sense that the citizens are not allowed to partake in any malpractice because their every move is constantly being watched, this makes 1984 a satire. 1984 is not only a satire but it is a satire of 2016. This is because people in 2016 are pressured into a stereotype, technologyRead MoreA Summary and Analysis of 1984 by George Orwell1223 Words   |  5 PagesBOOK REPORT Name of the Book – 1984 Author – George Orwell This book starts in London on April fourth, 1984. The book is written in partly third person, and partly in first person. The book is divided into three distinct parts. The first part is showing you the main character, Winston Smith and his differences and frustration with the world he works and lives in. The country or the â€Å"Super state† he lives in called Oceania is run under a government called INGSOC (English Socialism). The leadersRead MoreAnalysis Of The Book 1984 By George Orwell1362 Words   |  6 PagesKathie Tejada Professor Antonio Tomà ¡s Guerrero Dà ­az COLI 214B 1984 This novel, 1984, is a dystopia and takes place in Oceania where people live in a totalitarian society. The author, George Orwell, wrote this as if he was looking into the future and what it was going to turn in to. This group of people, called The Party, have control over everything and everyone, and they have a leader, known as Big Brother, who is everywhere throughout the novel and the people look up to him. They invented a languageRead MoreAnalysis Of George Orwell s 19841423 Words   |  6 PagesIn the novel 1984 by George Orwell, the Party has many strategies and tactics that help them have complete control of the people of Oceania. The control the Party has maintained gives them the ability to manipulate people as a result. The Party takes away the people’s freedom to have a say in their government and become their own person. They use their power to an extreme against the people rather than to help the people. The Party takes advantage of every opportunity to instill fear in the citizens

Leadership Styles Within Sports Organization - 1374 Words

Introduction The purpose of this research paper was to understand leadership and styles within sports organization, which organizations are the most effective and understanding which style leads to success within the organization. Leadership is important because it ultimately can effect an organization in a positive or negative manner. Each person within sports wants to develop into a leader and help give themselves the best chance of success. Athletic Directors, Athletic Administration, General Managers, and everyone down the line develops and relies on leadership and styles. Leadership can come in a variety of ways including different styles, individuals, and abilities. Throughout several decades now leadership continually develops and†¦show more content†¦This section will review each specific theory over the last seventy years. Trait school was popular in the 1940’s when they created the idea that leaders can be identified by traits in three main areas including a bility, personality, physical appearance (Turner Muller, 2005). The research looks at the abilities such as management, communication, or interpersonal skills to lead a group of individuals. Personality also plays a big role in the success of leadership. A leader needs to develop a personality involving confidence and reliability to help them be successful. Physical appearance can be a factor as well in a good leader. For example height, smile, and other appearance features could all play a factor in leadership. Next, behavioral or style School was believed to be the reason for leadership. This indicates leaders develop specific styles and behaviors through their work to be successful (Turner Muller, 2005). This type of style can be listed as concern for individuals, use of authority, and decision making. It’s important for leaders to find a typical style within their work so each subordinate is aware and able be as successful as possible in their work. The contingency scho ol was developed when people believed effective leaders would depend on the situation at hand (Turner Muller, 2005). Successful leaders need to be able to handle a variety of situations to be influential at their work and in their organization. A