Essay on Anti Globalization - 3397 Words

Antiglobalization Anti-globalization is a term used to describe the political stance of individuals and groups who oppose the neoliberal form of globalization (using the term globalization in a doctrinal sense not a literal one). Anti-globalization is also used to refer to opposition to international integration (using the term globalization in a literal sense not a doctrinal one). Anti-globalization can denote either a single social movement or an umbrella term that encompasses a number of separate social movements[1] In either case, participants stand in opposition to the unregulated political power of large, multi-national corporations, particularly the powers exercised through trade agreements. The political power of†¦show more content†¦For instance, free trade positively contributes to overall development of the world. Global free trade promotes global economic growth, it creates jobs, makes companies more competitive, and lowers prices for consumers. It also provides poor countries, th rough infusions of foreign capital and technology, with the chance to develop economically and by spreading prosperity creates the conditions in which democracy and respect for human rights may flourish. Unfortunately, anti-globalists do not see the good sides of globalization and they argue that economic growth does not necessarily make people happier, and often makes them miserable; that institutions like World Bank have made the rich richer while making the nonrich poorer; that conventional idea of free trade are wonderful for managers and stockholders, but hell on workers and nature; and that a turn away the accumulation of things and toward more humane pursuits would be highly welcome (Korden, 2001). AT THIS TIME New tactics and technologies have radically changed the face of protest activity and generated renewed life in the reality of demonstrations. Gone are old-style gatherings confined to waving place cards and banners, declaiming speakers, and moderate controlled matches in specific locations. Todays demonstrations resurrecting the anarchist theme of direct action employ a host ofShow MoreRelatedThe Reasons For Anti Globalization Protests1263 Words   |  6 PagesAl-Rodhan, Globalization is defined as the process of integration across the whole world uprising from the interchange of values and ideas of different aspects including political, economical, social, environmental and cultural aspects. Advancements in technology made the process of globalization go further in recent decades. It favors people to communicate, travel and exchange the ideas. However, a coin has two sides. There are different problems carried out by the globalization. Therefore, anti-globalizationRead MoreAnti Gl obalization Protest The World Trade Organization2356 Words   |  10 Pageslabor market consequences of international integration have been at the center debate. Anti-globalization protest the World Trade Organization-WTO, the International Monetary Fund - IMF and the World Bank meetings reveal that many people fear that they may lose their job or may be confronted with lower wages because of the threat of fiercer international competition. However, based on a 2007 WTO report globalization efforts have only increased as innovations in transportation and communications lowerRead MoreA Book No Logo : No Space, No Choice `` No Jobs ``1575 Words   |  7 Pages 40 minutes Video on an idea of Naomi Klein, No Logo- Brands, Globalisation and Resistance (2003), directed by Sut Jhally. Abstract: Naomi Klein, one of the leaders in the anti-globalization movement. His book No Logo are summarized, analysis and discussed some problems of globalization. Such as, during anti-globalization activists, how should economist respond? The topics covered in the context are the facts about poverty, inequality of income, trade liberalization facts and economic growth inRead MoreGlobalization And Negative Benefits Of The Automobile Industry Essay1732 Words   |  7 PagesI. Introduction Globalization -Positive and Negative Benefits In today’s fast paced world, many would say that globalization is electrifying, bringing with it worldwide advancement and opportunities as well as economical business growth across nations. Many would also suggest that it has opened doors to the larger demographics of information and communication that crosses geographic, social and cultural boundaries. As a result of globalization, the worldwide market has expanded; bring togetherRead MoreWhat Would Our Nation Do Without Globalization and International Trade? 1574 Words   |  7 Pagesassisting organizations in becoming globally competitive. Strategic imperatives have helped in the development of globalization. Organizations can no longer stand still while their competitors grow stronger. This causes organizations to seek out new markets. Survival is a key indicator for an organization to enter into a global market place. What would our nation do without globalization and international trade? Below is a list of how i nternational trade assists our nation’s economy according toRead MoreThe Case for Contamination by Kwame Anthony Appiah620 Words   |  3 PagesNew York Times, speaks of the topic of how globalization affects individuals in many aspects of their life. He discusses how forcefully preserving cultures can harm a culture more than help it. While the article is lengthy, it goes into great detail about how globalization affects people in countries all over the world, even Ghana. Globalization makes a large impact on the world we see today and cultural groups can benefit from the effects of globalization because it promotes diversity, creates cosmopolitanRead MoreThe World Trade Center Buildings1716 Words   |  7 PagesWith the benefits of globalization, terrorism seems to only serve as an initiative for all nations to unite their governments under the safe umbrella of one global village. Since the September 11, 2001 attacks on the World Trade Center buildings, the world has been watching America, its citizens and government to gauge our response and the steps we would take to counteract and prevent such acts of terrorism from occurring again. The reaction of our government was to screen and scrutinize foreignersRead MoreThe Recent Executive Order Signed By President Trump Stating1336 Words   |  6 PagesThe recent executive order signed by President Trump stating the U.S. will withdraw from negotiating the Trans-Pacific Partnership deal has major implications for â€Å"globalization.† Obama’s administration had pushed hard for it because it was essentially an attempt to create a single market for the United States and 11 other countries that border the Pacific Ocean, including Canada, Mexico, and Chile. The TPP’s idea was to make goods flow more freely and cheaply between all partners. All of TPP’s partnersRead MoreVenezuelan Crisis: Grounds for Revolution? Essay1515 Words   |  7 Pagesresult of globalization through media and communications. In the same way, globalization is not just about economic relationships or trade. When studying a nation’s political culture, it is important to take a look at how globalization has impacted it. Globalization is broader than one topic; it is the development of our world as a result of interdependence and communication. Globalization is propelled greatly by the economy, especially by free trade and the free flow of capital. Globalization is theRead MoreIs Globalism Vs. Nationalism The Ideological Struggle Of The 21st Century?1221 Words   |  5 Pagesglobalism, the belief that globalization is normal and good, surprised leaders on both sides of the left and the right. This is in part because these leaders do not believe that globalism is an ideology. However, Greg Ip argues that globalization is an ideology and provides the reader with an in-depth recounting of the beginnings of globalization. He also shows how these leaders have not been able to see the i ll effects of globalization, and that the people against globalization have both social and economic

Dream Deferred - 1590 Words

Analysis of a Dream Deferred by Langston Hughes This poem by Langston Hughes is a very complicated. In it the speaker paints a picture of what might happen to someone’s dream if it is postponed too long. This idea is the overall theme of the poem and it is what unifies and connects each line to the poem as a whole. There are also indirect references that this is not only the dream of an individual, but an entire race’s struggle to achieve peace and liberation. This poem consists of a series of answers to the question, â€Å"What happens to a dream deferred?† All of the lines following this first question are presented as different similes. The first line of this poem is the most crucial because it develops and sets the direction†¦show more content†¦The idea that a dream has the potential to become rotten is an interesting concept. The dream could begin to rot in the person’s mind or heart, which would cause them to become sick. This line could also be an indirect reference to the lynchi ng that occurred during the speaker’s era. It could be referring to the rancid smell of the dangling lifeless bodies. This reinforces the idea that the speaker is talking about the struggle of an entire race and how important it is to rise up as a group to accomplish your dreams because if anything is left alone too long it will eventually begin to decay. At this point the poem begins to talk about the lighter, but still negative effects of not completing a dream. The speaker implies that if the dream does not begin to rot it could â€Å"crust and sugar over- / Like a syrupy sweet.† This line compares not accomplishing a dream or goal to a sugary substance. If either of these is exposed for too long it would begin to form a rigid and stale crust along the surface. This hard crust would make the substance more difficult to use and could make the dream more difficult to achieve. A dream that is hard and separated is much harder to achieve, and this could lead to f eelings of depression. These feelings would make the dream appear more complex and create a bigger struggle for the person to obtain their goals. The other image thisShow MoreRelatedA Deferred Dream Essay1506 Words   |  7 Pagesof their own and hoped to achieve these dreams. However, they have had to put off their dreams because of the struggle of life for them. This left no exception to the Younger family, but Beneatha Younger was an exception. She was on her way to becoming a doctor which was her lifelong dream. By the end of the play, Beneatha learned about real risk and work and accepted it therefore achieving her dream. She was born poor and in a struggling family. Her dreams were always very demanding and almost impossibleRead MoreEssay on Dream Deferred in A Raisin in the Sun1050 Words   |  5 PagesWhat Happens to a Dream Deferred? Does it dry up like a raisin in the sun? Or fester like a sore– And then run? (Langston Hughes). It is important to never lose sight of one’s dream. Dreams are what keep people moving in life, but if they are ignored, they may morph and lose their prevailing form. This is evident in Lorraine Hansberry’s A Raisin in the Sun, as Walter’s, Beneatha’s, and Mama’s dreams become delayed, distorted, and blurred. Walter has long dreamed of making his family’sRead MoreAnalysis Of The Poem Dream Deferred 878 Words   |  4 Pages Pursuing Dreams The overall meaning of this poem is about the consequences of not pursuing your dreams. For some this can be a horrible thing while for others, it can be a blessing in disguise. The poem begins with a simple question, â€Å"What happens to a dream deferred† (line 1)? What occurs when an individual goes in another direction from a goal or ambition they had once desired? Does it cause a weight to be lifted? Does it cause fear and anxiety? This poem focusing on the consequences or benefitsRead MoreDream Deferred1062 Words   |  5 Pagesthat your company has two choices, one is to be a successful startup will or could potentially land in the history books. Secondly, it could be an absolute failure, it may very well land in the history books but more so due to its notoriety. In a Dream Deferred, Monique Maddy gives a glimpse on her experiences and lessons from launching a technology company in an emerging market. Monique is very candid and perhaps still a bit resentful in seeing how her company was doomed by inexperience, bureaucracyRead MoreHarlem: a Dream Deferred1043 Words   |  5 PagesHarlem: A Dream Deferred Langston Hughes Literally Analysis Dreams are aspirations that we hope to reach on our lifetime. They are the day that gives us the drive to live our lives and accomplish our goals. When reaching our goals, we will do anything to get to our destination. But what happens when your dreams deferred and put on hold due to unseen circumstances? Or what do you so when someone tells you that you can not so the things you want to so because of the pigmentation of your skinRead MoreHoop Dreams : Dream Deferred2370 Words   |  10 PagesHoop Dreams: Dream Deferred The documentary, â€Å"Hoop Dreams† depicts the structural, psychological, and environmental issues that perpetuates poverty in America through a cohort of individuals, Arthur Agee and William Gates. Agee and Gates’s lives are chronicled through a longintudinal study of four years, from the summer they enter high school, to their entry into college. Both African-American teenagers are recruited from different parts of Chicago, but they came together to begin their freshmanRead MoreDreams In Dreams And Dreams Deferred By Langston Hughes915 Words   |  4 Pagessorts out a multitude of analogies and diction to draw in the audience to better understand his perspective of dreams. When the poet begins the poems, â€Å"Dreams† and â€Å"Dreams Deferred,† he speaks of an emptiness and an ageing of dreams. Hughes’ allusions in repetition, strands, binary opposites, and anomalies can represent his overall portrayal of a life without dreams is unstable and that dreams become the person, making it impossible to run from. The pattern of â€Å"life is† and â€Å"does it† appears to be aRead MoreIs Integration A Dream Deferred?996 Words   |  4 Pages Another source of inequality comes from student-teacher relations directly. Thandeka K. Chapman in â€Å"Is Integration a Dream Deferred?† argues that within suburban mixed-race (however, still majority white) schools, there is a significant difference between the behavior and treatment of minority students versus that of white students within the same school (314). To examine this more thoroughly, a research team interviewed students regarding their experience, and reported the results. Since teacherRead MoreHarlem A Dream Deferred Analysis762 Words   |  4 Pagesbecomes their dream, but people do not always fulfill these dreams. There are obstacles that come in the way of people being able to fulfill their dreams. In â€Å"Harlem [A Dream Deferred]† Langston Hughes uses imagery and rhetorical questions in order to demonstr ate what happens to a dream. The theme that appears through Langston Hughes poem is the theme of not pursuing a dream. Through Hughes poem, this theme is demonstrated and the imagery helps in conveying the idea of having a dream postponed. Read MoreA Dream Deferred - a Literary Comparison1878 Words   |  8 PagesThe Dream Deferred – A Comparison Kristy Andrews Axia College of University of Phoenix In Lorraine Hansberrys play A Raisin in the Sun, the author reveals a hard-working, honest African-American family struggling to make their dreams come true. Langston Hughes poem, Harlem, illustrates what could happen if those dreams never came to fruition. Together, both Hansberry and Hughes show the effects on human beings when a long-awaited dream is thwarted by economic and social hardships. Each of

Dream Deferred - 1590 Words

Analysis of a Dream Deferred by Langston Hughes This poem by Langston Hughes is a very complicated. In it the speaker paints a picture of what might happen to someone’s dream if it is postponed too long. This idea is the overall theme of the poem and it is what unifies and connects each line to the poem as a whole. There are also indirect references that this is not only the dream of an individual, but an entire race’s struggle to achieve peace and liberation. This poem consists of a series of answers to the question, â€Å"What happens to a dream deferred?† All of the lines following this first question are presented as different similes. The first line of this poem is the most crucial because it develops and sets the direction†¦show more content†¦The idea that a dream has the potential to become rotten is an interesting concept. The dream could begin to rot in the person’s mind or heart, which would cause them to become sick. This line could also be an indirect reference to the lynchi ng that occurred during the speaker’s era. It could be referring to the rancid smell of the dangling lifeless bodies. This reinforces the idea that the speaker is talking about the struggle of an entire race and how important it is to rise up as a group to accomplish your dreams because if anything is left alone too long it will eventually begin to decay. At this point the poem begins to talk about the lighter, but still negative effects of not completing a dream. The speaker implies that if the dream does not begin to rot it could â€Å"crust and sugar over- / Like a syrupy sweet.† This line compares not accomplishing a dream or goal to a sugary substance. If either of these is exposed for too long it would begin to form a rigid and stale crust along the surface. This hard crust would make the substance more difficult to use and could make the dream more difficult to achieve. A dream that is hard and separated is much harder to achieve, and this could lead to f eelings of depression. These feelings would make the dream appear more complex and create a bigger struggle for the person to obtain their goals. The other image thisShow MoreRelatedA Deferred Dream Essay1506 Words   |  7 Pagesof their own and hoped to achieve these dreams. However, they have had to put off their dreams because of the struggle of life for them. This left no exception to the Younger family, but Beneatha Younger was an exception. She was on her way to becoming a doctor which was her lifelong dream. By the end of the play, Beneatha learned about real risk and work and accepted it therefore achieving her dream. She was born poor and in a struggling family. Her dreams were always very demanding and almost impossibleRead MoreEssay on Dream Deferred in A Raisin in the Sun1050 Words   |  5 PagesWhat Happens to a Dream Deferred? Does it dry up like a raisin in the sun? Or fester like a sore– And then run? (Langston Hughes). It is important to never lose sight of one’s dream. Dreams are what keep people moving in life, but if they are ignored, they may morph and lose their prevailing form. This is evident in Lorraine Hansberry’s A Raisin in the Sun, as Walter’s, Beneatha’s, and Mama’s dreams become delayed, distorted, and blurred. Walter has long dreamed of making his family’sRead MoreAnalysis Of The Poem Dream Deferred 878 Words   |  4 Pages Pursuing Dreams The overall meaning of this poem is about the consequences of not pursuing your dreams. For some this can be a horrible thing while for others, it can be a blessing in disguise. The poem begins with a simple question, â€Å"What happens to a dream deferred† (line 1)? What occurs when an individual goes in another direction from a goal or ambition they had once desired? Does it cause a weight to be lifted? Does it cause fear and anxiety? This poem focusing on the consequences or benefitsRead MoreDream Deferred1062 Words   |  5 Pagesthat your company has two choices, one is to be a successful startup will or could potentially land in the history books. Secondly, it could be an absolute failure, it may very well land in the history books but more so due to its notoriety. In a Dream Deferred, Monique Maddy gives a glimpse on her experiences and lessons from launching a technology company in an emerging market. Monique is very candid and perhaps still a bit resentful in seeing how her company was doomed by inexperience, bureaucracyRead MoreHarlem: a Dream Deferred1043 Words   |  5 PagesHarlem: A Dream Deferred Langston Hughes Literally Analysis Dreams are aspirations that we hope to reach on our lifetime. They are the day that gives us the drive to live our lives and accomplish our goals. When reaching our goals, we will do anything to get to our destination. But what happens when your dreams deferred and put on hold due to unseen circumstances? Or what do you so when someone tells you that you can not so the things you want to so because of the pigmentation of your skinRead MoreHoop Dreams : Dream Deferred2370 Words   |  10 PagesHoop Dreams: Dream Deferred The documentary, â€Å"Hoop Dreams† depicts the structural, psychological, and environmental issues that perpetuates poverty in America through a cohort of individuals, Arthur Agee and William Gates. Agee and Gates’s lives are chronicled through a longintudinal study of four years, from the summer they enter high school, to their entry into college. Both African-American teenagers are recruited from different parts of Chicago, but they came together to begin their freshmanRead MoreDreams In Dreams And Dreams Deferred By Langston Hughes915 Words   |  4 Pagessorts out a multitude of analogies and diction to draw in the audience to better understand his perspective of dreams. When the poet begins the poems, â€Å"Dreams† and â€Å"Dreams Deferred,† he speaks of an emptiness and an ageing of dreams. Hughes’ allusions in repetition, strands, binary opposites, and anomalies can represent his overall portrayal of a life without dreams is unstable and that dreams become the person, making it impossible to run from. The pattern of â€Å"life is† and â€Å"does it† appears to be aRead MoreIs Integration A Dream Deferred?996 Words   |  4 Pages Another source of inequality comes from student-teacher relations directly. Thandeka K. Chapman in â€Å"Is Integration a Dream Deferred?† argues that within suburban mixed-race (however, still majority white) schools, there is a significant difference between the behavior and treatment of minority students versus that of white students within the same school (314). To examine this more thoroughly, a research team interviewed students regarding their experience, and reported the results. Since teacherRead MoreHarlem A Dream Deferred Analysis762 Words   |  4 Pagesbecomes their dream, but people do not always fulfill these dreams. There are obstacles that come in the way of people being able to fulfill their dreams. In â€Å"Harlem [A Dream Deferred]† Langston Hughes uses imagery and rhetorical questions in order to demonstr ate what happens to a dream. The theme that appears through Langston Hughes poem is the theme of not pursuing a dream. Through Hughes poem, this theme is demonstrated and the imagery helps in conveying the idea of having a dream postponed. Read MoreA Dream Deferred - a Literary Comparison1878 Words   |  8 PagesThe Dream Deferred – A Comparison Kristy Andrews Axia College of University of Phoenix In Lorraine Hansberrys play A Raisin in the Sun, the author reveals a hard-working, honest African-American family struggling to make their dreams come true. Langston Hughes poem, Harlem, illustrates what could happen if those dreams never came to fruition. Together, both Hansberry and Hughes show the effects on human beings when a long-awaited dream is thwarted by economic and social hardships. Each of

Importance Of International Accounting Standards Accounting Essay Example For Students

Importance Of International Accounting Standards Accounting Essay The Committee on Accounting Procedure ( CAP ) was the first accounting criterion board that issued the Accounting Research Bulletins ( ARBs ) which started what the Committee on Accounting Procedure believed by and large accepted accounting rule should be. Nonetheless, the Accounting Research Bulletins merely made recommendations and preparers of accounting information along with hearers did non hold to keep to them. Though the Committee on Accounting Procedure played an of import portion in the development of accounting criterions, it was merely portion clip and truly could non give the necessary clip required to explicate accounting criterions. As a consequence the commission became hibernating. Consequently, during the twelvemonth 1959 the American Institute of Certified Public Accountant ( AICPA ) put in topographic point the Accounting Principles Board ( APB ) to develop statement of accounting constructs and publish dictum on bing accounting jobs. The Accounting Principles Boar d delegated its dictums to an Accounting Principles Board Opinions and 31 were issued. At foremost the Opinions and the Accounting Research Bulletins chiefly depended on general credence by the accounting users and preparers. The Opinions and the Accounting Research Bulletins tried to acquire preparers of accounting information and Certified Public Accountants to accept the recommendations by carrying them that it was the best manner to work out accounting jobs. But by 1964, the comptrollers and hearers were convinced that persuasion merely could non cut down the many different methods people and concern worldwide usage to fix the histories. During the 1960s to the early 1970s, a batch of ailments were made about the procedure used for the development of accounting criterions. Because of that, in the early 1970s the American Institute of Certified Public Accountant and other interested parties saw it suit to make the Study Group on Establishment of Accounting Principles to happen out if there is any possibility of bettering the accounting standard-setting procedure. The Study Group on Establishment of Accounting Principles gave the thought that there should be a new and more independent criterion puting administration to replace the Accounting Principles Board and it was approved. Hence, in 1973 the International Accounting Standards Board/Committee was created. Since so the International Accounting Standards Board/Committee for the most portion has been responsible for set uping the accounting criterions that is comprised of the by and large accepted accounting rules. In today A ; acirc ; ˆâ„ ¢s planetary market, with company puting in company and state puting in state, accounting information has to hold the features of being comparable, dependable and transparent for the smooth operating in the capital market. If concerns do non fix and describe their accounting information harmonizing to the international accounting criterions, there will be negative reverberation for that concern. At some point in the sixtiess, concerns worldwide were utilizing a assortment of methods in the coverage and readying of their concern fiscal statements. As a consequence of this, investors and prospective purchasers were blindsided about the existent fiscal place of the administration. For case, in the UK, the company GEC Ltd took over the company AEI Ltd because the fiscal statements were overstated and they thought the concern was profitable when it truly was non. As such, company fiscal statements would give different figures for different method of accounting, in effect the international accounting criterions had to come in topographic point. Accounting is used worldwide by all type and signifier of concerns and administration. International accounting criterions along with other accounting criterions organic structures regulate guidelines and regulations to supply a individual set of high quality planetary accounting rules. This creates uniformity among accounting users and the accounting rules that are used by companies, as fiscal statements of companies are either indistinguishable in format or near to it. Companies do non hold to fix different fiscal statements for the different states their concern are established in. .uc3891d718324ee7343fe47350251872e , .uc3891d718324ee7343fe47350251872e .postImageUrl , .uc3891d718324ee7343fe47350251872e .centered-text-area { min-height: 80px; position: relative; } .uc3891d718324ee7343fe47350251872e , .uc3891d718324ee7343fe47350251872e:hover , .uc3891d718324ee7343fe47350251872e:visited , .uc3891d718324ee7343fe47350251872e:active { border:0!important; } .uc3891d718324ee7343fe47350251872e .clearfix:after { content: ""; display: table; clear: both; } .uc3891d718324ee7343fe47350251872e { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .uc3891d718324ee7343fe47350251872e:active , .uc3891d718324ee7343fe47350251872e:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .uc3891d718324ee7343fe47350251872e .centered-text-area { width: 100%; position: relative ; } .uc3891d718324ee7343fe47350251872e .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .uc3891d718324ee7343fe47350251872e .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .uc3891d718324ee7343fe47350251872e .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .uc3891d718324ee7343fe47350251872e:hover .ctaButton { background-color: #34495E!important; } .uc3891d718324ee7343fe47350251872e .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .uc3891d718324ee7343fe47350251872e .uc3891d718324ee7343fe47350251872e-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .uc3891d718324ee7343fe47350251872e:after { content: ""; display: block; clear: both; } READ: Character Sketch of Chaucer's Knight EssayAnother importance of the fiscal accounting criterions is that it will help in the riddance of barriers to traverse boundary line trading in securities by guaranting that company accounts are more dependable and apprehensible every bit good as more easy interpreted and compared. As a consequence, there would be an addition in market efficiency and a decrease in the cost of raising capital for companies, finally bettering fight and helping in the growing of the economic system. An extra importance is that the international accounting criterions lend protection to companies against malpractice. Therefore, investors along with the assorted stakeholders will be able to construe and compare fiscal statements of other companies. This helps companies to vie efficaciously on equal footings. And besides enable investors and others to do more strategical determinations. It is of import for concerns to fix and describe fiscal statements under the international accounting criterions as it makes investing determinations more compatible for foreign investors. Fiscal statements would be easier to construe and analyze, and this may ensue in an addition in foreign investing for the concern and state. Furthermore, companies that prepare and report fiscal statements under the international accounting criterion, tend to hold less or no disagreements in their fiscal statements and accounting information. In return this consequence in companies holding more dependable and valid fiscal statement. As a consequence, there is a decrease in the likeliness of the users of fiscal information misinterpreting published fiscal statements and cut downing chances for prejudice, ambiguity and inexactitude. Equally good as cut downing uncertainness of both local and international investing. Furthermore, companies should follow the guidelines of the international accounting criterions as it helps them in the readying of the fiscal statements in a given clip period and give guidelines as to what information the concern or administration are apt to print. This means that companies should print their fiscal statements on a timely footing ; this normally depends on the type of concern being operated. Large companies tend to print their fiscal statements on a annual period while little companies may print their information quarterly. And stakeholders can non demand or anticipate certain information of the concern or administration to be publically published. If a company prepare and describe its information excessively early or tardily, so the company A ; acirc ; ˆâ„ ¢s statements would either show that the concern is extremely profitable or non profitable at all. So timing is really of import when printing fiscal statements of an administration or concern. Furthermore, with concerns fixing and describing fiscal information under the international accounting criterions, directors are better able to analyze the public presentation of their concern. This is so because concerns are utilizing standardize accounting processs and they are able to compare and contrast their growing with that of their rivals. Comparison of rivals A ; acirc ; ˆâ„ ¢ fiscal statements enables directors and investors to acknowledge the strengths and failings of the concern. Besides, utilizing the international accounting criterions as a guideline for the readying and coverage of fiscal information allow directors to compare past and present public presentation of the concern. This will in bend, assistance directors with the rating of their concern growing and step the accomplishment of their concern. Overall, concerns that use the international accounting criterions as a footing of fixing and describing fiscal information tend to hold a batch more benefits than effects.

HRM Strategies and Challenges Free Sample for Students-Myassignment

Question: Discuss about the Strategic Human Resource Management. Answer: Introduction Human resource management is such a wide term which covers enormous functions, policies, strategies, tactics and approaches to manage the human resources in the most efficient manner. To have a sustainable and successful business organisation, the primary need is to have an efficient HRM department which can offer the utmost benefits and convenience to human resource of the organisation. With change in time, companies have changed their outlook and perceive the development of the human resource more significant than increased profits and sales (Hendry, 2012). One such organisation is Justitia, the organisation is well-recognized for its endeavours in the direction of workplace flexibility, employee development and work-life balance. The essay will highlight the role and importance of strategic human resource management in overcoming the challenges of HRM and managing the human resource in the most efficient manner. The essay will demonstrate the different theoretical perspectives of strategic human resource management. It will also have its focus on the initiatives of Justitia in overcoming the traditional ways of managing the human resource and having high work-place flexibility. Role of Strategic HRM in managing human resource and overcoming HRM challenges The strategic human resource management and its role can be better explained with the theoretical concepts. There are majorly four main theoretical perspectives of SHRM that includes resource-based, strategic best-fit, configurationally and universalistic. As per the universalistic theoretical aspect, there is only one single way which is applicable on all the organisations, for managing the human resource irrespective of the size, culture or business function (Hsieh and Chen, 2011). It was the traditional way of managing HR and Justitia adopted a step ahead to change this traditional way of HRM. The second theoretical aspect is Strategic best-fit, in this perspective; there is incorporation of the specific human resource practices which matches to the overall business strategy of the organisation. Justitia have incorporate workplace flexibility approach in the organisation to offer the employees the freedom to work as well as mange their personal lives at the same time (Armstrong an d Taylor, 2014). The third theoretical perspective is configurationally, according to this aspect, there is integration of the human resource practices in an integrated manner for improving the business. It works on the fundamental that if the HR practices implemented at one industry has benefitted that industry then it will also promote the human resource management of other industry too (Boselie, 2010). As per this perspective, there is more of bootlegging practices, the organisation do not take an initiative by themselves rather adopt an already existing and applied HR practice whose results are known. The last and the fourth theoretical concept of SHRM is the resource-based, under this perspective, the human resource management improves and develops by retaining, utilizing and developing and acquiring the organisational workforce with improved competence and skills levels which are relevant to the operations of the business organisation. In this approach, the resources and their competence are ma tched witch the activities and then there is integration of both these things for achieving organisational success and human resource development (Kraaijenbrink, Spender and Groen, 2010). Out of all these theoretical concepts of strategic human resource management, most of the organizations take use of Strategic best-fit as it is one of the most contemporary and best applied approaches which offer the organisation with best maximum benefits. It is argued that it is very much essential to smash the old paradigm of work designing and human resource management practices because with the changing time and demand for competent workforce, the organisation are required to implement the policies which are in the favour of the employees and their development. There are several factors which are required to consider at the time of replacing the old practices with modern approaches such as improved work life balance, flexible working arrangements, and employee development and employee recognition (Pot, 2011). Earlier the organisations do not emphasize more on the human resources as they were more directed to have upsurge sales and organisational productivity and it resulted in increased rate of employee turnover (Meister, Willyerd and Foss, 2010). But when the organisations realised that retaining the competent and skilled employees in the organisation is the most primary requirement of any company for higher sustainability and continuous growth, organisations like Justitia challenged the traditional ways and smash the old paradigm sand establishes practices which offers the workers with increased workplace flexibility so that they retain the organisation for a longer period of time and give their hundred percent in enhancing the organisational productivity and accomplishing the targets and goal (Boxall and Purcell, 2011). There are several potential problems and issues which come across at the time of implementing the changes in the human resource management practices and the traditional way of managing of the organisational employees. There are challenges and issues such as resistant to change, it is not essential that all the employees are satisfied and contended with the changes made by the organisation. There are several employees which have resistant towards such kind of changes. Another challenge is the industrial support, the initiatives adopted by Justitia are not easy to implement in all the organisations as most of the companies work as per the industrial norms and regulatory factors (Cummings and Worley, 2014). Any kind of change in the practices make the organisation faces numerous challenges from the industry. The next problem which occurs is the effective execution and management of the changes. Organizations suffer number of issues if the execution and the management of the changes taking place are not adequate. The poor management may results in decline in the oragnisational productivity because of high amount of flexibility offered to the employees, less focused on the job role, employee absenteeism, etc. There can also be suits files against the industry in reference with going against the set industrial norms. It is essential to manage these problems and issues. For effective management of these issues, the organisations can have governmental support by demonstrating the advantages offered to the organisational employees of implementing those changes. Secondly, there must be setting up of an efficient management team which can help in overcoming the issues of resistance to change and effectively carrying on with the execution and change management work (Werner and DeSimone, 2011). From the perspectives of different organisations, it is not viable to have a similar approach in all the organisations of all the industries. There are several things which are required to be taken care of before implementing a similar approach at all the diverse set of organizations. For instance, in the healthcare sector, the organisations cannot incorporate this approach as there are patients who require the services at any point of time, thus, in such organisations there can be not offered workplace flexibility to the employees. They are required to be present at the workplace in their working hours as well as many a time even after their working hours get over because of the emergency cases (Boselie, 2010). But the similar approach, like Justitia can be implemented in the retail sector organisations, such as Woolworths, here the employees can get the advantage of workplace flexibility. The organisation can implement flexible working arrangements at the workplace as it is a super market chain, so there can be two shifts of the employees or taking sue of job rotation for assisting the customers in product selection, finding of products, boiling, answering queries etc. The employees can also get flexible working arrangements as there can be automated billing instead of manual billing; it will offer the flexibility to the employees to have relaxation from the compulsory presence at the billing counters. The next recommendation by which there can be workplace flexibility is that by offering part time jobs to the students and other graduates so that they can earn while studying (Greenhouse, 2012). This will offer flexibility to the employees to continue both the academic career and the profes sional career. Conclusion Human resource management is a highly dynamic aspect of the organisations as with changing scenario there are several changes which take place in the HRM practices and functions. An effective strategic human resource management is the key to organisational success and development. From this essay, it can be concluded that, the innovative and contemporary approach implemented by Justitia is one of the renowned approach which offers maximum workplace flexibility and benefits to the employees. This results in developing stress-free working environment for the employees as well as also enhanced the employees motivation to work in a more efficient and productive manner. But from the overall, perspective, the approach is not viable for all the organisations as there are diverse set of functions, services and human resource needs in the organisations. 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