Saturday, December 28, 2019

The Golden Parachute Option for CEOs - 1806 Words

Imagine being in a world where people are paid in cash bonuses, stock options, or generous severance pay when fired from their job due to a company merger, are asked to leave, or choose to retire. This happens to be a reality for many CEO’s and top executives of companies. We live in an economy where mergers and take over’s have become common, and to allow this option for the highest paid employees of a company is arguably unfair. While researching golden parachutes, I formed questions due to the circumstances surrounding this executive option. For example, why should CEO’s, who live very comfortably, be given a compensation package for losing their position due to a company merger or retirement when employee and shareholder’s futures are†¦show more content†¦Once executives were getting these highly substantial payments, shareholders quickly questioned executives for their integrity and motive due to this high increase in payment amounts. There h ave been many debated reasons in support of and against golden parachutes on account of the increase in payment amounts and how the terms of their severance package were written out. It interests me how easy someone can be opposed to golden parachutes from a middle class citizen’s view, where we all want to be paid the same dollar figures as top executives. It’s strongly argued golden parachutes give the feeling that CEO’s and top executives are solely looking out for themselves, not considering how investors and employees will be impacted by mergers. As I stated in my opening paragraph, â€Å"Why should CEO’s be given a compensation package for losing their job due to a company merger or retirement when employee and shareholder’s futures are at stake?† Andrew Ross Sorkin supported this notion in his article Executive Pay: A Special Report; Those Sweet Trips to the Merger Mall in which he stated, â€Å"Mergers and acquisitions can be get-rich-quick paths for top corporate managers, providing a personal incentive to get the deal done, no matter what happens to shareholders. And they are no longer just for chief executives who sell their companiesShow MoreRelatedCorporate Ceos Of Low Wage Employees1049 Words   |  5 Pagesextremely high, production and nonsupervisory workers took home only $35,000 on average in 2013, and a full-time worker making the federal minimum wage earned only $15,080. One of the famous terms being used in correlation to fired CEO s is â€Å"golden parachutes†. This is where CEO s are being paid when they leave the company they are working for and they receive a compensation that is far greater than the salary that they take home. In other words, you get paid more to be fired, than you do if youRead MoreUs Auto Industry Back on Top1658 Words   |  7 Pagesand scrutinized by the general public, the topic warrants much debate. In the 1990’s, total executive compensation increased substantially as companies began offering stock option programs; CEO’s of Samp;P 500 saw an average increase of 150%. While many top U.S. executives continued to receive enormous compensation options throughout the economic downturns of 2001 and 2008, none was more apparent than those in the automotive industry. While the big three, comprising of General Motors, Ford andRead MoreEnormouse Wealth of CEOs1194 Words   |  5 PagesOthers may think it is the amount of petroleum being drilled for. I am sure none of you would have guessed it was the amount of money Mark Zuckerburg, the creator of Facebook, made in one year. Executive compensation is bonuses and benefits given to CEO’s of companies on top of the base salary they are receiving. The amount, as you see, can be astronomical which will lead one to question the ethics of employee compensation programs. While it may motivate some people to perform better so they may increaseRead MoreWhy Do Executives Receive Such High Compensation And How It Affects Our Democracy?1982 Words   |  8 Pagesdiscredited by the Golden Parachute, Silver Para chute, or even Golden Boot.(â€Å"Golden Parachute†). The three methods take away the initial fear of job loss and give them a cushion upon termination that most employees could only dream of having. CEOs are guaranteed money that is promised to the executives granted mergers, takeovers, or any circumstance that would affect the employment status of an executive. The three payment methods also come with bonuses that give stock options or cash bonuses. AccordingRead MoreThe Ethics Behind A Ceo Making 600 Times More Than An Average Worker1440 Words   |  6 PagesObama. Section 953 specifically states companies must disclose information surrounding pay-for-performance and the difference between the CEO’s salary and median salary for all other employees (Dodd Frank, 2010). While a previous source stated the pay ratio falls to below 4:1, this statistic doesn’t include any type of equity-compensation including stock options and â€Å"off-the-grid† bonuses. After the financial crisis, when many Americans were laid off, the average compensation of CEOs actually roseRead MoreEthics Essay2054 Words   |  9 Pagesthose roads were not traveled. Many argue that government intervention could have prevented the backlash and whitewater effect of Nortel’s bankruptcy, but due to corporate ties within the government and the Securities and Exchange Commission the many CEO’s continued to elude the government auditors and the stakeholders. From an ethical perspective, there were several factors that contributed to the rise and fall of Nortel. The initial CEO and founder of Nortel, John Roth, demonstrated altruistic behaviorRead MoreEssay about Critical Theory of Communication in Organizations1644 Words   |  7 Pagescan become more productive and democratic through communication reforms. Humanists feel that meanings are in people not words. Deetz accepts this but goes another step and wants to know whose meanings are in people. The companies meanings, the CEO’s meanings, the perception the companies give as their meanings, this is what Deetz is looking for. When people use slang in big business, they begin to put corporate values in to play. According to EM Griffin, this theory is critical in that he wantsRead MoreExecutive Compensation2125 Words   |  9 Pagesboards. Measures needed to be taken to form regulations to provide stronger accountability, to prevent these types of scandals from happening and to rebuild the confidence of investors. Corporate governance of publicly traded companies was no longer an option, it became a must. The public and the media demanded laws to protect future investors and shareholders (Colley, Jr, Doyle, Logan, amp; Stettinius, 2005). With most of the world’s financial markets in crisis and recession, the public has becomeRead MoreFlinder Valves and Controls Inc3251 Words   |  14 Pagessince German CEOs usually cannot gain the huge benefit of ‘Golden Parachutes’, a contract provides benefits to a top executive in the event that a takeover of the company resulted in his losing his job with a package of severance pay, stock options or a bonus, as many of their US and UK peers do, the CEO of Mannesmann, Esser, was not motivated to accept the acquisition proposal, since the offer would actually made him ‘flying without no parachute’. Staff in Mannesmann would also oppose to the acquisitionRead MoreFlinder Valves and Controls Inc3267 Words   |  14 Pagessince German CEOs usually cannot gain the huge benefit of ‘Golden Parachutes’, a contract provides benefits to a top executive in the event that a takeover of the company resulted in his losing his job with a package of severance pay, stock options or a bonus, as many of their US and UK peers do, the CEO of Mannesmann, Esser, was not motivated to accept the acquisition proposal, since the offer would actually made him ‘flying without no parachute’. Staff in Mannesmann would also oppose to the acquisition

Friday, December 20, 2019

The Discovery Of Alfred Wegener - 1075 Words

Did you ever wonder who discovered that the continents used to fit together as a super continent, known as Pangea? His name was Alfred Wegener. His discovery made him famous in the science world. Alfred Wegener was born on November 1, 1880. When he was young, he was believed to be very smart. Wegener received conventional education, which led him to attend grammar school in Berlin. There’s not that much known about his childhood, just that he was born and raised in Berlin, Germany. At 18, in 1899, he attended the University of Berlin. At the University he took many science classes before specializing in physics, meteorology, and astronomy. In 1902, he started to work for his P.H.D in Astronomy. Trying to work for his p.h.d, he spent†¦show more content†¦His father ran an orphanage, where he had many jobs. Alfred’s father was a classical language teacher and a pastor.His mother was a simple housewife. His older brother,Kurt wegner, was a meteorologist and a g erman polar researcher. Alfred worked with his brother kurt in the same place for some time. They both accomplished a lot. Even with the weather balloon that would of set a world record. Alfred Wegener was the youngest out of 5 kids. Their mom was Anna wegner and their was Richard Wegner and lived in Berlin ,Germany’s capital . In 1910, he was looking at a world when he noticed that the coastlines of South America and Western Africa looked like they use to fit together. After he did further research in 1911,he learned that fossils of the same type were found Brazil and Western Africa,and also after he was trying to connect the continents like a puzzle that South America and Africa had once been connected together to form 1 big continent.Alfred found evidence of a fossil that is throughout 4 continents. One of the fossil that was found four continents wide was called the fernShow MoreRelatedPlate Tectonics: Theoretical Aspects and the Geological History of North America860 Words   |  3 Pagesgeological history of North America, in order to illustrate how the discoveries regarding the movement of plate tectonics have led to new ways of thinking about the formation of continents and about the Earths surface, the development of mountains, oceans and valleys. In relation to this chapter, it is interesting to know how the discussion about plate tectonics emerged. Initially, scientists adhered to the fixed Earth model. Alfred Wegener was the first scientist who attempted to shake this belief andRead MoreThe Current Shape Of Earths Landmasses Was First Proposed By Abraham Ortelius1699 Words   |  7 Pagespossibility of continental drift several decades before Alfred Wegener in his publication The Creation and its Mysteries Unveiled. He came to this conclusion by identifying similar plant fossils that were found in America and Europe. He also believed that the cause of the fragmentation of the supercontinent was due to the Great Flood of the Bible. Eduard Suess was another who proposed the idea of a supercontinent much earlier than did Wegener. In 1885 he claimed that there was a supercontinent namedRead MoreEssay about Alfred Wegener and the Continental Drift698 Words   |  3 PagesAlfred Wegener was a meteorologist and astronomer. He was the first scientist to introduce the theory of the continental drift. Wegener theorized that at one time the continents were one large landmass or Pangaea that had drifted apart. His ideas were initially rejected by other scientists. It was not until long after Wegener’s death that proof was obtained and his theory verified. The Life of Alfred Wegener Alfred was born in Germany in 1880 and led a very busy life. He received a PhD in astronomyRead MoreLab Lesson 2 Essay942 Words   |  4 Pages22 4.0/ 4.0 Points Who proposed that all of the present continents were once joined together in a single supercontinent called Pangaea? A.Alfred Wegener B.Charles Darwin C.Arthur Holmes D. Harry Hess Answer Key: A Question 2 of 22 4.0/ 4.0 Points The scientific community rejected the theory of plate tectonics because Alfred Wegener could NOT A.identify a mechanism to move the continents. B.disprove competing theories that were not accepted by scientists. C.find geologicRead MoreScience Is All About Discovery, And Learning Why Things Happen Essay1583 Words   |  7 Pagesabout discovery, and learning why things happen. The world is full of mysteries and it takes a special person to desire to discover the answer to the world’s biggest mysteries. Scientists everywhere devote their time and energy to discovering information that will change how people view the Earth. One of the most important discoveries is how our continents were once together and how they divided. One of the earliest theories of how our continents were divided came from scientist Alfred Wegener in 1915Read Moreâ€Å"Volcanic and Seismic Events Are Major Pieces of Evidence Towards Proving That Plate Tectonics Theory Is Valid’ Discuss the Extent to Which You Agree with This Statement603 Words   |  3 Pagesâ€Å"Volcanic and seismic events are major pieces of evidence towards proving that plate tectonics theory is valid’ Discuss the extent to which you agree with this statement (40 marks) The plate tectonics theory was made by a German named Alfred Wegener. He stated that a single continent existed about 300 million years ago named Pangaea and that it split into two continents of Laurasia in the north and Gondwanaland in the south. Today’s continents were formed by further splitting of the two massesRead MoreEarth Science Essay884 Words   |  4 Pages1. Summarize advances over time in determining the age of the Earth, including the importance of the discovery or radioactivity. Herodotus counted layers of earth near the Nile River in 450 B.C.E. The Bible was used in the Middle Ages to compute the age of the Earth. The 18th and 19th centuries brought a more scientific look into determining the age of the Earth by studying the salinities of the oceans, the rates of sedimentation, and models of cooling of different materials in order to calculateRead MoreChapter 2968 Words   |  4 Pagessupercontinent named by Alfred Wegener, is thought to have begun to break apart about 200 million years ago. 4. Describe the four kinds of evidence that Wegener and his supporters gathered to substantiate the continental drift hypothesis? Wegener and his associates found that the fit of the continents, fossil evidence, paleoclimatic evidence, and similarities in rock type and structural features all seemed to bridge together the now-separated continental landmasses. 5. Explain why the discovery of the fossilRead MoreThe Types Of Tectonic Plate Interactions1523 Words   |  7 Pagesrift formation, streams and rivers flow into the low valleys and long, narrow lakes can be created. 2. Explain the Theory of Plate Tectonics in your own words. The Theory of Plate Tectonics (originally called the Continental Drift theory by Alfred Wegener) is the scientific theory that the Earth s outer shell (lithosphere) is divided into several plates that glide/move over the mantle, which is the rocky inner layer above the Earth’s core. This theory was formulated in the 1960s and 1970s as newRead MorePlate Tectonics Theories Analysis Essay852 Words   |  4 Pagesinto the seven continents we have today. The first comprehensive theory of continental drift was suggested by the German meteorologist Alfred Wegener in 1912. The hypothesis asserts that the continents consist of lighter rocks that rest on heavier crustal material, similar to the manner in which icebergs float on water. Wegener contended that the relative positions of the continents are not rigidly fixed but are slowly moving at a rate of about one yard

Thursday, December 12, 2019

Odysseus Traits Essay free essay sample

Mcmahon The Odyssey is an epic poem by Homer. The epic is about a king, Odysseus who rules Ithica, located in Greece. Odysseus is sent to the Trojan war. Odysseus and his men make many attempts to make their way home. Over a course of 10 years, Odysseus and his men make many dangerous, yet exciting journeys across the Mediterranean Sea. A good leader should have self-control, physical strength and a lot of perseverance. I think Odysseus shows those characteristics plenty of time throughout the epic. Odysseus shows self-control when he resists stabbing the Cyclops in the eye with the sharpened tree trunk. He must be intelligent to come up with such a well thought out plan, by getting the Cyclops drunk and waiting for the Cyclops to pass out before stabbing him. If Odysseus would have rushed the plan wouldn’t have worked because, there was a huge boulder in front of the exit to the cave that only the Cyclops could’ve moved. We will write a custom essay sample on Odysseus Traits Essay or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The plan was just brilliant. He must also care about his men because, every time the Cyclops ate one of his men, Odysseus got emotional and upset. Another example of how Odysseus shows self-control is when him and his crew encounter the lotus eaters. The lotus was an addictive plant like drug, when you first eat the lotus you never want to stop eating it. When Odysseus and his men first arrived on the land Odysseus made a precautionary decision to send two of his men to go and investigate the land. When Odysseus notices that his crew has been gone for some time, Odysseus decides to go look for them. When Odysseus finds his two crew members, he discovers that they are eating the lotus. The lotus eaters offer Odysseus the lotus but he turns it down. That is how Odysseus shows self-control in that example. Instead of leaving his men, Odysseus grabs them and brings them back to the ship like a good leader should. That’s a good leader, no one is left behind. Odysseus shows his second good leader trait, physical-strength in many examples. One example of showing Odysseus’ physical-strength is when he pierces the Cyclops eye with his men using the sharpened tree trunk. This shows that Odysseus must be in pretty good shape and is pretty strong. He must be if he is able to carry out a task of that sort. Another example of Odysseus being physically- trong is when Odysseus and his men are trying to escape the Cyclops’ cave and Odysseus has to tie his men to the sheep leaving himself without restraints. He had to hold on with his bare physical strength for dear life with no brakes in between. That also must’ve taken a lot of endurance to hold on for that long. The third characteristic of a good leader is perseve rance. Odysseus shows this characteristic the whole epic poem. Odysseus still keeps try to get home after 10 years of suffering the war and 10 years of trying to get home. He has a lot of courage and more endurance to keep trying to get home also. Odysseus must have missed his home a great deal to go through all of that trouble to get home. Its incredible that he still had hope of getting home after all of those years of suffering. The second example of Odysseus showing perseverance is how he kept his cool when him and his men were captured by the Cyclops. He never gave up on his men or his will to get home. He kept on fighting. That’s my opinion on how Odysseus, the king of Ithica in Homer’s epic poem is an outstanding leader. He shows self-control, physical-strength and perseverance and 100 other traits that make Odysseus a good leader.

Wednesday, December 4, 2019

2Pac Shakur Essay Example For Students

2Pac Shakur Essay Tupac (Two-pahk) Amur Shakur, commonly known as 2pac, led a violent life. He died on September 13, 1996. He was a gangsta rapper/Aspiring actor. Tupac was a big figure in the rap community, always doing what he wanted and not caring what others thought of him. His life symbolized what a lot of people have gone through, through his music and movies he showed us how hard life can be. Tupac was born in Brooklyn, NY in 1971. His family and he moved to Baltimore, Maryland early in his life. He took Performing Arts classes at his chool; his teachers said he looked promising. He never finished school. He dropped out and moved to a small town outside Oakland, CA (Associated), however he did go to college and finish his high school credits. All his life he was raised by his mom, with his sister. He always led a violent life; April 5, 1993, he assaulted a fellow rapper with a baseball bat. October 31, 1993, he was charged with shooting two off duty police officers. The charges were later dropped. November 19, 1993, he was convicted of sexual assault (Death). In November 1994, Tupac himself was shot during an attempted robbery outside a music studio in New York. Tupac did, however, mention this; Thug life to me is dead. If its real, let somebody else represent it because Im tired of it. Shakur told Vibe Magazine. I represented it too much. I was Thug Life( Associated). Tupac had a very promising career. His first album 2pacallyps Now was very successful. Not too late after that his movie Juice was released in 1992. He released two more albums titled Strictly for my Niggaz and Me against the orld and two more movies Poetic Justice (1993) and Above the Rim(1994). His last album, All Eyes on Me sold over 6 million copies and was the first double CD for rap music. (Thuglife)(Associated) 4:03 p. m. PDT, Friday, September 13, Tupac died of respiratory failure and cardio-pulmonary arrest at University Medical Center, Las Vegas(Payne). He died of bullet wounds to the abdomen and chest at the young age of 25 (Unofficial). Shakur was shot four times in the chest and abdomen. Police believe he was the target. He lingered in a coma before he died. So far police have no suspects. All they are saying is that the people were in a white cadillac, not from Las Vegas where he was shot (Associated). I believe that Tupac although he lived a violent life, mostly tried to keep others away from the life he had lived. He died after going farther than a lot of people would have gotten in their entire life. Some believe that Tupacs death was faked but I do not know which to believe. This man was great at what he did, rap, and movies and that is what I admire him for.

Thursday, November 28, 2019

Lessons from Nelson Mandela an Example of the Topic Psychology Essays by

Lessons from Nelson Mandela ABSTRACT Nelson Mandelas autobiography Long Walk to Freedom did not "electrify the world" but it surely electrified each and every person who bought and read it. The book promised to be an interesting read and it successfully delivered. As Nelson Mandela is a celebrated figure, he became the subject of numerous books, with Anthony Sampsons Mandela: The Authorized Biography being arguably the most accurate. But even the precision achieved by Sampsons biography on Mandela is incomparable to that of Long Walk to Freedom most probably because the book was penned by the very man it seeks to expose: Nelson Mandela. The book is full of secrets on the former President of South Africa, secrets that made the book an interesting read. But more than the entertainment value, what Id highlight about the book when recommending it to a friend is this: Life is full of many lessons, let Nelson Mandela teach you a few of themread Long Walk to Freedom. Need essay sample on "Lessons from Nelson Mandela" topic? We will write a custom essay sample specifically for you Proceed Lessons from Nelson Mandela: A Reflection on Long Walk to Freedom David Roberts Jr. (1995) may have been right when he said that Nelson Mandelas autobiography Long Walk to Freedom may not "electrify the world" but it surely electrified each and every person who bought and read it. Providing a good look inside the mind of one of the greatest champions of human rights and racial equity, Long Walk to Freedom promised to be an interesting read and it successfully delivered. Nelson Mandela is best known for his efforts as an anti-apartheid activist. He is also known to be the first one elected in fully representative democratic elections. And he is also the former President of South Africa. He was recipient to many awards and honors, with the Nobel Peace Prize in 1993 as probably the most noteworthy (Nelson Mandela, 2007). And as he is such a celebrated figure, it is but natural that he became subject of numerous books. A few notable ones are Martin Merediths Nelson Mandela, Tom Lodges Mandela: A Critical Life, and Mandela: The Authorized Portrait (Frankel, 2006). All three books tried their best to paint accurately the life that Mandela has lived. But the precision that these books achieved may not come close as to the one Anthony Sampsons Mandela: The Authorized Biography accomplished. Being an authorized biography, Sampsons book opened avenues of Mandelas life that nobody has exposed before. But Mandela: The Authorized Biography is no comparison to Lo ng Walk to Freedom when it comes to making surprising revelations about Mandelas life most probably because Long Walk to Freedom was penned by the very man it seeks to expose: Nelson Mandela. Being written by Mandela himself surely gave the book perspectives that other books could not afford. Even without the book, everybody already knew or at least thought they knew a lot about Nelson Mandela. Perhaps it is safe to assume that it is no secret that Mandelas advocacy has always been the freedom of his fellow South Africans, that his efforts towards this advocacy led to a 27-year imprisonment, that these same efforts broke up his marriage, and that he is considered one of if not the most respected presidents of South Africa. But between the pages of his 1995 autobiography, Mandela reveals pieces of information that has up to then remained a secret. Rolihlahla, loosely meaning "pulling the branch of a tree" and euphemism for "troublemaker" and childhood name of Nelson Mandela, may have been a foster son of a Thembu chief but he definitely lived a simple life. Mandela described how, as a child, hed walk barefoot through the paths of his village Qunu then play and fight with other boys from the village. He also painted other simplicities of his childhood life: Maize (what we called mealies and people in the West call corn), sorghum, beans, and pumpkins formed the largest portion of out diet, not because of any inherent preference for these foods, but because the people could not afford anything richer. The water used for farming, cooking, and washing had to be fetched in buckets from streams and springs. Few is any of the people in the village knew how to read or write, and the concept of education was still a foreign one to many. We slept on mats and sat on the ground. I did not discover pillows until I went away to school. (Mandela, 1995) It was also during the time he was still known as Rolihlahla that Mandela learned about humility: I learned my lesson one day from an unruly donkey. We had been taking turns climbing up and down its back and when my chance came I jumped on and the donkey bolted into a nearby thornbush. It bent its head, trying to unseat me, which it did, but not before the thorns had pricked and scratched my face, embarrassing me in front of my friends. Like the people of the East, Africans have a highly developed sense of dignity, or what the Chinese call "face". I had lost face among my friends. Even though it was a donkey that unseated me, I learned that to humiliate another person is to make him suffer an unnecessarily cruel fate. Even as a boy, I defeated my opponents without dishonoring them. (Mandela, 1995) Being an elementary teacher, what struck me the most was how Mandelas early life reminded me that children are naturally gullible so I should always be careful with the lessons I impart on kids. Given that as years go by, children are able to siphon which information to retain and which to discard, it is still undeniable that their early experiences mold what they will become in the future. As with Mandela, the kind of leader he became can be traced back to his childhood observations of how the regent went about his duties. Mandela (1995) writes: As a leader, I have always followed the principles I first saw demonstrated by the regent at the Great Place. I have always endeavored to listen to what each and every person in a discussion had to say before venturing my own opinion. Oftentimes, my own opinion will simply represent a consensus of what I heard in the discussion. I always remember the regent's axiom: a leader, he said, is like a shepherd. He stays behind the flock, letting the most nimble go out ahead, whereupon the others follow, not realizing that all along they are being directed from behind. (Mandela, 1995) Who would have thought that a diplomat such as Mandela was once engaged in boxing? Indeed, there was a point in his life when he, together with his son Thembi, would spend one and a half hours of his Mondays to Thursdays training. It wasnt much about the violence of the game but about "the science of it". He loved how rank, age, color, and wealth became irrelevant in the boxing ring. "Boxing is egalitarian," Mandela (1995) says. The sports ability to relieve him of stress and tension was another of boxings charm for Mandela. But what he loved most about it is its ability to shape hiss on into a leader with initiative and self-confidence. Perhaps one of the most piercing parts of Mandelas story was when he was forced to stay in prison during the deaths of his mother and son Madiba Thembekile, rendering him unable to say his proper goodbyes. It was especially hurtful because of the fact that these tragedies happened in short intervals (and even sandwiched another sad news of wife Winnies incarceration). This part emphasizes just how strong a character Mandela has had these events happened to a lesser man, that man could have broken down. This is another way in how Mandelas autobiography can change a persons life: Mandela makes people see that if somebody who already has so much burden on his shoulders can take more burden, people who live a relatively normal life can surely achieve the same feat. What was also amazing in reading about Mandelas life in Mandelas own words was how he was able to talk about freedom as nobody has defined it before. Mandela showed me how a fight for freedom can be an act devoid of selfishness: my hunger for the freedom of my own people became the hunger for the freedom of all people, white and black. I knew as well as I knew anything that the oppressor must be liberated just as surely as the oppressed. A man who takes away another mans freedom is a prisoner of hatred, he is locked behind the bars of prejudice and narrow-mindedness. I am not truly free if I am taking away someone elses freedom, just as surely as I am not free when my freedom is taken away from me. The oppressed and the oppressor alike are robbed of their humanity. (Mandela, 1995) Although it can be expected that the life Nelson Mandela lead was a difficult one, not just for himself but for his family as well, it was still heartbreaking to read the parts where he describes the struggles that his wife Winnie and children experienced. As he surmised, "When your life is the struggle, as mine was, there is little room for family." (Mandela, 1995) Winnie was, like him, very passionate about her advocacies. And even as this passion has gotten her into trouble at times, it was nothing compared to the trouble her marriage with Mandela has caused. She was constantly pressured and her family threatened. But even when Mandela got out of prison, things between him and his wife never normalized. It is a common knowledge that Mandela separated from his wife he announced so himself on April 13, 1992 but reading about his sentiments about the separation was sure a humbling experience: But just as I am convinced that my wifes life while I was in prison was more difficult than mine, my own return was also more difficult for her than it was for me. She married a man who soon left her; that man became a myth; and then that myth returned home and proved to be just a man after all. (Mandela, 1995) Such revelations make one realize that, painful as it may be to accept, becoming famous isnt always glitz and glamour and that behind the myth that Mandela has come to be known was the crumbling of a marriage he and his wife surely once dreamt to last forever. Hard as it was to read about the end of Mandelas marriage with Winnie, what touched my heart more was reading about the effect of Mandelas life to his children. One couldnt help but agree with (and feel the pain of) whether or not s/he is a parent the words Mandela said during his daughter Zindzis wedding: "To be the father of a nation is a great honor, but to be the father of a family is a greater joy. But it was a joy I had far too little of." (Mandela, 1995) If a "normal" parent whose only obligation is to work and tend to his children finds moments when s/he is having a hard time balancing between work and family, what more for a parent who is considered father of his nation? The following words are of grave importance to parents who take time to read Mandelas book as they are words that can make one feel that s/he is not alone in experiencing pain about not being able to always be with his/her family: In that way, my commitment to my people, to the millions of South Africans I would never know or meet, was at the expense of the people I knew best and loved most. It was as simple and yet as incomprehensible as the moment a small child asks her father, "Why can you not be with us?" And the father must utter the terrible words: "There are other children like you, a great many of them." and then ones voice trails off. (Mandela, 1995) Even without reading Long Walk to Freedom, one cannot deny that Nelson Mandela is indeed an admirable person, a person worth ones praise and veneration. But it is through the book that one comprehends that Mandela is so very unlike the superheroes that so colorfully jumps out of comic books Mandela may be great, he may have saved his fellow South Africans but he still is human. His book put him in a light where people can see his flaws, his joys, his pains and that makes him so much more loveable. Nelson Mandelas autobiography is such an easy read I believe it is the best autobiography (if not the best book) I have read. But more than the entertainment value, what Id highlight about the book when recommending it to a friend is this: Life is full of many lessons, let Nelson Mandela teach you a few of themread Long Walk to Freedom. REFERENCES Long Walk to Freedom (book). (2007, August 21). In Wikipedia, The Free Encyclopedia. Retrieved August 24, 2007, from http://en.wikipedia.org/wiki/Long_Walk_to_Freedom_(book). Mandela, Nelson. (1995). Long Walk to Freedom: The Autobiography of Nelson Mandela. Boston: Little Brown & Co. Nelson Mandela. (2007, August 27). In Wikipedia, The Free Encyclopedia. Retrieved August 27, 2007, from http://en.wikipedia.org/wiki/Nelson_Mandela. Roberts, David Jr. (1995, January 23). Long Walk to Freedom. book reviews. Find Articles. Retrived August 24, 2007.

Sunday, November 24, 2019

Quality Management in Healthcare

Quality Management in Healthcare Introduction The need for quality management in healthcare facilities is an issue that many stakeholders have been fighting for over the years. According to Arias (2000, p. 87), quality healthcare is one of the major pillars of the economic development within a given country. People should have access to quality and affordable healthcare in order to remain strong and healthy.Advertising We will write a custom case study sample on Quality Management in Healthcare specifically for you for only $16.05 $11/page Learn More In the current society, there are numerous diseases that may affect people of different social classes, and this may reduce their productivity. It is because of this that many stakeholders, including the government and nongovernmental agencies, have been able to come up with ways of improving service delivery at various healthcare institutions within the country. In the United States, the federal government, in close connection with private non -profit making organisations such as Mayo Clinics, has improved the healthcare standards within the country. Mayo has been using numerous quality management tools in order to improve its service delivery. Currently, the hospital is using ISO 9001 principles to improve the quality of its services. Background of Mayo Clinic Mayo Clinic is one of the largest non-profit making private healthcare institutions in the world that offers a wide range of medical services to various people across the country. In defining Mayo Clinics, Charantimath (2006, p. 78) says, â€Å"The Mayo Clinic is the world’s oldest and largest integrated multispecialty group medical practice, combining clinical practice, education, and research at the regional, national, and international levels for the benefit of individuals with routine as well as complex health care needs.† From this definition, it is clear that The Mayo Clinic offers more than just medical services to the American population. It i s an integrated team of multispecialty medical practitioners who are focused on offering medical services, educating young people interested in joining the medical practice, and maintaining a high level of research in various areas of health.Advertising Looking for case study on health medicine? Let's see if we can help you! Get your first paper with 15% OFF Learn More Founded in 1889 by William Worrall Mayo and his sons, this foundation currently employs over 3,800 physicians, and about 60,000 allied health staffs in various hospitals within the United States and all over the world. It has experienced massive growth over the years to become the largest and one of the most reputable healthcare centres in the world. As stipulated in their mission statement, Mayo is not just focused on offering quality healthcare to the people, but it is also concerned with finding the best ways of managing some of the emerging health complications by engaging its staffs in re search. With its headquarters in Rochester, Minnesota, Mayo Clinic has become one of the most reliable healthcare institutions in North America. Its efforts in research and development has enabled it become one of the most successful non-profit making healthcare organisations in the entire region. Quality Management System at Mayo Clinic (Strengths) At Mayo, the management has always been focused on offering quality healthcare to all the patients who visit the facility with various health complications. When William and his sons started this facility, they were interested in offering quality healthcare services to the American people. However, this organisation experienced numerous challenges as the field of medicine started experiencing changes due to technological advancements (Donabedian 2003, p. 34). The organisation had to adapt to the emerging technologies in order to maintain the quality service provision to the patients. The dynamic leadership at this organisation has seen i t transform in line with the technological advancement and various other changes in this field to become one of the most reputable organisations in the world. Always emphasising on quality delivery of healthcare services, this organisation has six attributes of an ideal healthcare delivery system as defined by the Commonwealth Fund which forms its main strength (Charantimath 2006, p. 44).Advertising We will write a custom case study sample on Quality Management in Healthcare specifically for you for only $16.05 $11/page Learn More Information Continuity Information continuity is one of the most important ingredients of quality healthcare provision within a healthcare facility (Wheeler Grice 2000, p. 81). At Mayo clinic, all departments are interconnected using personal computers and local area networks that make information transfer very efficient. Once a client’s information is fed into the system at the reception, all the relevant departments can access the information on demand. Any adjustment made in the information at any of the departments will be reflected in other relevant departments. This means that the speed and reliability of data transfer has become highly efficient. It has helped improve the quality of services offered within the facility. The information is managed from a central database as shown in the diagram below. Care Coordination and Transitions At Mayo, there is a clear system that allows for patient care coordination among various practitioners. There are cases where a patient suffers from multiple health complications that may require practitioners in different fields. The management has developed a system where this cannot be done without any form of strain. A medical doctor in one department can easily communicate with another doctor in a different area of specialty of the medication that has been offered, and the steps that should be taken to address other complications. Such closely coordinated co mmunication between the practitioners eliminates any possibility of misunderstanding among the doctors. System Accountability Mayo Clinics have adopted a total care policy on all the patients who visit their facility as a way of improving the quality of services they deliver. According to Lighter (2011, p. 33), many medical practitioners have worsened the health of their patients through careless acts due to relaxed management systems at the institutions. This is not the case at Mayo Clinic.Advertising Looking for case study on health medicine? Let's see if we can help you! Get your first paper with 15% OFF Learn More At this facility, every medical officer is held accountable for any service rendered, and if any mistake arises from any of the departments visited by the patient, then the officer who offered the service is always held responsible as per the organisation’s policies and principles. Peer Review and Teamwork for High-Value Care The peer review and teamwork system was introduced at this facility to help promote teamwork and responsibility within various departments. Under this system, practitioners in a specific field have the responsibility to review works of peers in that department with the aim of maintaining the best practice in their field. Any changes taking place in that specific field would be shared by the members in order to enhance its application within the facility. The focus of this strategy is to offer high value care by improving skills and competencies of the individual members of the staff. Continuous Innovation In the current dynamic world, innovation is one o f the most important tools that an organisation can use in order to ensure that it offers continuous quality care to its clients (Kelly 2003, p. 45). At Mayo Clinic, the management knows that the only way of achieving its vision is to maintain innovativeness in its service delivery. This has been made possible by the research unit of this firm. The researchers have been interested to identify the emerging trends in this field of healthcare and to develop mechanisms of dealing with it in order to ensure that this firm remains dynamic. It has come up with new ways of addressing various issues that at the facility in order to maintain superior quality delivery (Lighter Fair, 2000, p. 44). Easy Access to Appropriate Care According to Horch (2003, p. 78), healthcare is one of the basic needs in the modern society, and it should be easily accessible to members of the public. When offering healthcare services, it is necessary to ensure that clients have the capacity to access their informa tion and understand their health conditions as soon as it is determined by the practitioners. This is one of the factors that Mayo Clinic has been determined to improve its service quality in the market. The Clinic has developed a communication system in all its clinics for easy retrieval of information and reliable communication with the patients. The above attributes have been considered ideal for a standard healthcare facility such as Mayo Clinic. This has made this healthcare facility one of the most preferred institutions in North America. The above strengths have seen a rise to the Mayo brand in the healthcare sector within this region. They are considered an integrated team of medical experts who are focused on identifying any health complication, informing their patients about their complication, suggesting ways through which such complications can be addressed, and using the strategy that the patients chooses to address the problem. This creates a feeling among the patients that at this facility, they have a voice, and can make their own independent choices about how they should be treated based on their personal preferences. This strength has helped this firm expand its operations beyond the United States. It has also made it easy for it to raise funds from the well wishers who have now trusted it as one of the leading healthcare provider in North America. In most of its campaigns, this firm has received massive support from the public, not just because of the fact that it is a non-profit making healthcare facility, but also because of the quality of care it offers (Lighter Fair 2004, p. 67). The management of Mayo Clinic knows that its strengths in offering quality healthcare largely relies on its ability to retain highly qualified and motivated team of experts who are specialised in various fields. Although this is a non-profit making organisation, maintaining this kind of staff needs a strategy that would help in making them comfortable so that t hey do not consider quitting the facility. This can only be achieved through good remuneration. Mayo Clinic is one of the best paying private hospitals to various health experts. The working environment is positively designed to promote integration, socialisation and teamwork among all the employees, creating a community where everyone has an emotional attachment with other members of the organisation. This has helped minimise the rate of employees’ turnover, the fact that has helped it to retain its highly qualified staff. Using Principles in ISO 9001 to Improve Quality of Services at Mayo Clinic From the discussion above, it is clear that Mayo Clinic is one of the best non-profit making private healthcare firms in service delivery within North America. The firm has been determined to embrace the best practice principles in the industry in order to match or even exceed the quality of healthcare offered at some of the best hospitals in the world. The management of this facili ty has been benchmarking its services with that of the leading hospitals in the world such as John Hopkins Hospital and Cleveland Clinic (Lloyd 2004, p. 44). In 2010, CNN, one of the leading news agencies in the world, ranked it as the third best healthcare facility in the world in overall medical treatment and quality services to its clients. Despite this success, it is a fact that this facility needs to maintain continuous improvement in order to maintain its glorious position as one of the leading healthcare facility in the world. Although this firm is ISO certified, it needs to give more focus to the principles of ISO 9001:2008 as it seeks to improve on its quality of service in the market. There are nine principles that will help Mayo Clinic to advance its current systems, and find ways of expanding its capacity to offer improved services to all the patients that visit the facility. The principles of ISO 900:2008 that have been applied by Mayo Clinic include the following. Cust omer focus This is the first principle of ISO 9001:2008 that Mayo Clinic has been using to improve the quality of services offered to its customers. Mayo Clinic clearly understands that all other healthcare facilities in the regions where it operates are competitors. For this reason, it has always found ways of attracting customers to its facility. To achieve this, it has taken a customer-centric approach in its management. It focuses on ways through which its clients can be offered customised quality healthcare whenever they visit the facility (McLaughlin, Johnson Sollecito 2012, p. 77). This involves active engagement of the clients when offering them care in order to ensure that they get the service in the manner they consider appropriate. Every client is always treated as a unique entity with unique needs. This way, the firm has been able to develop a personal relationship with clients who visit the facility. Leadership Leadership is the second principle that Mayo Clinic has us ed in order to improve the quality of its service delivery to the clients. As stated previously, this facility has a responsibility of managing its top doctors in a manner that would convince them to remain loyal to the firm. This can only be achieved through effective leadership (Mohanty, 2008, p. 56). The management unit has embraced transformational leadership characteristics in order to maintain high moral and loyalty of every member of the organisation. The leaders have developed best approaches of positively challenging the current capacity of its workers with the view of making them reinvent themselves into better service providers in their respective field. The management realizes that it has a responsibility of making every employee feel valued within the firm. It is only through this that employees will feel committed to the firm and develop a responsibility of coming up with new approaches of undertaking their duties. The managers at Mayo appreciates that their position i s meant to offer service to the employees. They seek to offer guidance in case of challenging factors in the environment, and in all the cases, they ensure that they integrate easily with all the employees of different ranks within the organisation (Geisler, Krabbendam Schuring, 2003, p. 66). There is an open communication system at Mayo Clinic as shown in the model below. Involvement of people One of the basic principles of ISO 9001:2008 used at Mayo Clinic is the need for involvement of people in undertaking various tasks and in making decisions. According to Morfaw (2009, p. 97), every human being has his or her worth that makes him or her special over the rest. The problem is that in most of the cases, some people are always belittled to the extent that they feel useless. The management at Mayo Clinic appreciates the fact that the firm can only become innovative if people are involved actively in the development of plans and in their execution. Creativity and innovation is no t a preserve for the top managers, the intelligent staff or any other special groups within an organisation. It is a natural force that comes out of a person irrespective of the position held or academic excellences when faced with new challenges in the workplace (Okeyo Adelhardt 2003, p. 78). By involving every member of the organisation in decision making, the management of Mayo Clinic has given them the opportunity to be creative in their respective fields in order to come up with superior ways of addressing various issues in the workplace. This has helped in improving the quality of services that are offered in this organisation at various levels. Process approach The process approach is another principle of ISO 9001:2008 that Mayo Clinic has been using to improve the quality of its services. Success and failure are two possibilities that an organisation can experience when dealing with various issues in its normal operations. One of the factors that separate failure from succe ss is the approach that is taken in the process of undertaking a specific activity. Many organisations have failed to implement good plans because they used wrong approaches. Deciding on the best approach to use will involve embracing technology and innovativeness whenever it is necessary. Oleske (2009, p. 96) advises that it is important to ensure that the management devolves decision making to the departments. At Mayo Clinic, each departmental heads has a plan that is always followed when implementing various policies within their departments based on their local needs. This hospital has been focused on choosing the process approach when implementing new policies (Sollecito Johnson 2013, p. 89). System approach to management The principle of system approach to management has gained popularity in many successful organisations around the world, and Mayo Clinic is one of the firms that have actively used this principle in their operations. According to Spath (2009, p. 78), an organi sation is a system of people with different skills, experience, knowledge, and talents. All these factors define an organisation and the approach it takes when addressing various activities in the market. System approach to the management is a principle in ISO 9001:2008 that emphasises on the need to involve other members of the organisation in the management process. At Mayo Clinic, before coming up with a decision on how different tasks should be undertaken, the responsible managers always make efforts to understand the ideas of other people, especially those that are directly involved in the implementation of some of these policies are very important. They always form part of the management system, especially in decision making. Their views are regarded as important when making decisions that will affect them or their tasks. This not only motivates them, but also ensures that the approach taken is the most practical one. This approach has helped this giant organisation to devolve some of the operational and tactical plans to departmental levels in order to help find local solutions to local problems at these facilities. Continual improvement Continual improvement is probably one of the most important principles in the ISO 9001:2008 that Mayo Clinic has emphasised on at all its departments. According to Stamatis (1996, p. 63), success should not be considered a destination because it is a process that has no end. Continuous success is what should be regarded as a true success because any missteps that a successful firm makes would lead to a failure that may wipe away past successes. With this in mind, Mayo Clinic has maintained continuous improvement in its service delivery in order to retain its prestigious position as one of the best hospitals in the world. All the good strategies that this firm uses have been under continuous improvement to enable it offer even better services. If this firm was ranked third in 2010 among the best hospitals, it means that there are other areas that it should improve on in order to become the best. Continual quality improvement that has been embraced by Mayo Clinic may be a challenging task, especially when a firm believes that it has exploited some of the best imaginable strategies. However, Steiger (2001, p. 68) says that there is always a way of improving the best, and the only difficult task is to identify how this should be done. This should be a continual process as shown in the diagram below, and the management at Mayo Clinic has been determined to apply it in order to improve its customers’ experience whenever they visit the facility. Factual approach to decision making Factual approach to decision making has been another popular principle of ISO 9001:2008 that Mayo Clinic has been using to enhance its ability to offer quality products. Some policies can appear very attractive on a piece of paper, but when it comes to implementation, they may become impractical. This is one of the reas ons why some firms fail to achieve their objectives in the market. When the plan lacks the factual information, or practicality, then it will remain a plan that cannot be implemented (Wan Connell 2003, p. 56). This simply means that the plan will be useless to the organisation, and all the resources that were used in its development will be a waste. The management at Mayo Clinic acknowledges the importance of ensuring that its decision making process is based on factual information. Care has always been taken to ensure that only the practical plans based on the factual information from the field are developed. This means that decision making should not be a preserve of the top executives. The main role of the top executive when planning for operational and tactical plans would be to ensure that the operational and tactical plans are in line with the strategic plans of the firm. If they realise that a section of the plan does not work within the strategic objectives of the organisat ion, they should give advices on how to make adjustments in order to realise the desired goals. As Kelly (2003, p. 75) notes, this will help in coming up with practical and realistic plans that can easily be implemented by respective departments. Mutually beneficial supplier relationships This is the last principle of ISO 9001:2008 that Mayo Clinic has actively used to improve the quality of its products. The research by Charantimath (2006, p. 32) shows that one of the major challenges that firms face in the current market is the increasing strength of the suppliers. Dealing with a strong supplier may be a serious challenge to a firm, especially if the supplier controls a major share of the market for the supplies. Such a supplier may set terms which are unfriendly to the firm as a way of gaining quick success before the industry is invaded by other players. Mayo Clinic has found ways of developing a mutually beneficial relationship with all its suppliers in order to ensure that it is able to get all the needed products at friendly terms. To achieve this, the firm has always created a partnership with these suppliers. It strives to make these suppliers feel that they are in a form of relationship where they need each other’s support. This way, their suppliers always view them as partners that need their protection, other than customers that should be exploited. Through this strategy, this firm has been able to deliver its products to the clients at reduced prices. Previous Quality Management Tools at Mayo Clinic The above nine principles are very vital for Mayo Clinic when implementing ISO 9001:2008 in its management strategies. This does not mean that other strategies that this firm was using previously will be discarded when implementing the above recommendations. Some of the strategies that this firm was using before included Six Sigma. Although some scholars claim that Six Sigma is a complicated quality management strategy that is gradually being ou tdated, it still remains to be one of the important tools that should not be ignored by the management. At Mayo, this has been an important quality management tool for many years. This tool could probably provide the answer to the question on how to improve the current best practices within this firm. Mayo Clinic has also found the Commonwealth Fund Commission to be an important quality management tool that has helped it remain competitive in the market. The six principles that have enabled this firm become strong in the market, as discussed on the section above, were based on the best practices as defined by the Commonwealth Fund Commission. Other important principles that this firm has been using in the past include John Ovretveit’s Principles, which the firm has since reduced its application within its system preferring to emphasise on ISO 9001:2008. Conclusion Quality management in the field of healthcare has become one of the most important tasks that define the success of a firm. Mayo Clinic has realised that it has a responsibility to its clients to offer quality healthcare to all the patients. To achieve this, the organisation has been using the industry’s best practice in order to ensure that its services meet the industry standards. It has been determined to employ some of the important quality measures in its management system. The Commonwealth Fund Commission principles on quality management have been one of the major quality management tools used by the firm in the past. However, the firm must now fully implement the principles of ISO 9001:2008 in order to achieve even greater success in this competitive industry. List of References Arias, K 2000, Quick reference to outbreak investigation and control in health care facilities, Aspen Publishers, Gaithersburg. Charantimath, P 2006, Total quality management, Pearson Education, New Delhi. Donabedian, A 2003, An introduction to quality assurance in health care, Oxford University Press, Ne w York. Geisler, E, Krabbendam, K Schuring, R 2003, Technology, health care, and management in the hospital of the future, Praeger, Westport. Horch, J 2003, Practical Guide to Software Quality Management, Artech House, Norwood. Kelly, D 2003, Applying quality management in healthcare: A process for improvement, Health Administration Press, Chicago. Lighter, D Fair, D 2000, Principles and methods of quality management in health care, Aspen Publishers, Gaithersburg. Lighter, D Fair, D 2004, Quality management in health care: Principles and methods, Jones and Bartlett, Sudbury. Lighter, D 2011, Advanced performance improvement in health care: Principles and methods, Jones and Bartlett Publishers, Sudbury. Lloyd, R 2004, Quality health care: A guide to developing and using indicators, Jones and Bartlett Publishers, Sudbury. McLaughlin, C, Johnson, J Sollecito, W 2012, Implementing continuous quality improvement in health care: A global casebook Sudbury, Jones and Bartlett Publishers, Sudbury. Mohanty, R 2008, Quality management practices, Excel Books, New Delhi. Morfaw, J 2009, Total quality management (TQM): A model for the sustainability of projects and programs in Africa, University Press of America, Lanham. Okeyo, T Adelhardt, M 2003, Health professionals handbook on quality management in healthcare in Kenya, Centre for Quality in Healthcare, Nairobi. Oleske, D 2009, Epidemiology and the delivery of health care services: Methods and applications, Springer, New York. Sollecito, W Johnson, J 2013, McLaughlin and Kaluznys continuous quality improvement in health care, Jones Bartlett Learning, Burlington. Spath, P 2009, Introduction to healthcare quality management, Health Administration Press, Chicago. Stamatis, D 1996, Total quality management in healthcare: Implementation strategies for optimum results, McGraw-Hill, New York. Steiger, H 2001, Risk control and quality management in neurosurgery, Springer, Wien. Wan, T Connell, A 2003, Monitoring the quali ty of health care: Issues and scientific approaches, Kluwer Academic, Boston. Wheeler, N Grice, D 2000, Management in health care, Stanley Thornes, Cheltenham.

Thursday, November 21, 2019

Critical Reflective Log Essay Example | Topics and Well Written Essays - 5000 words

Critical Reflective Log - Essay Example This essay is a critical reflective log on placement based on drugs and alcohol use, a recovery process. Although research has shown that moderate consumption of alcohol has some health benefits for older adults, excessive consumption of alcohol has negative health and social consequences just like drug abuse or addiction. About five percent of the world’s population meets the criteria for an alcohol and drug use disorder, dependence or abuse (Miller 2003). The highest percentage of this population comes from Australia. People under 25 years of age stand the riskiest drinking habits. The most effective treatment strategy for alcoholism and drug addiction is intervening early with risky alcoholics and drug abusers to prevent them from becoming heavy and regular alcoholics or drug abusers (American Psychiatric Association 1994). It is a complicated process to withdraw someone from heavy alcohol intake or drug addiction because it is not easy to stop the drinking habit or stop the drug abuse habit. Once an alcoholic or drug addict decides to recover from the addiction, there are various ways of doing so. For instance, one can do it from an inpatient rehab center, outpatient rehab center, hospital, therapy, or engage himself in the twelve step programs (VandenBos 2007). Quitting drinking or drugs assists one to get rid physical illnesses related to the addiction out of his body. In addition, the addict needs to heal emotionally to avoid cases where he goes back to his old addictions. For an alcoholic or drug addict to recover, he will be expected to follow a certain process beyond his old life to create a new life (Schaler 1997). These processes are part of self reflection or introspection. Below are programs, which can assist an alcoholic or drug addict to have a self reflection. These programs last for a month or more than a year and they usually take place in a residential