Thursday, January 30, 2020

Staffing and Training Essay Example for Free

Staffing and Training Essay As multinational firms globalise they must learn to co-ordinate efforts among an increasingly culturally diverse workforce and environment. Nowadays people tend to be very defensive of their cultural identity and caution by others has to be taken so that insult is not caused. Through the years success of Japanese organisations global strategies has encouraged American firms. Although many point out the advantages, cultural diversity may leads to conflict, misunderstanding and lack of cohesion. (Tung, [1993]) states that cross cultural training process, helps in the development of building relations between individuals or groups, especially individuals/groups with diverse cultural backgrounds. (Welch [1998]) defines cultural training as any form of guided experience helping people to live and work more contentedly in another culture. Such training encourages understanding about differences and acceptance of the multicultural work environment and helps create and retain effective work teams and expertise in dealing with multicultural management (Hartenian, [2000]) describes the multi-cultural workforce as a workforce that excludes no one, from top-level management to low-level employees. He sees the multi-cultural workforce has one of the main opportunities for an organisation. Although multi-cultural workforces are beneficial to organisations in relation to performance and profitability, they can be very hard to manage. According to (Hill, [92]) the key to managing multi-cultural workforces is the realisation that majority and minority cultures do not always share experiences. To solve this managers can adapt different strategies such as: developing programmes that promote awareness of different cultures, recognise common links among different ethnic groups and express concerns and confusions. (Hill [1992]) believes that if organisations use these strategies, economic benefits will be reaped. This may be easier said than done, (Harisis Kleiner, [1993]) argue that the implementation of such workforces are extremely difficult. They say that not only within American society and businesses but on a world wide scale there are widespread barriers. Such barriers include unwritten rules and double standards for success which are often unknown to women and minorities, stereotypes and their associated assumptions and lack of communication about differences. In global organisations it is essential that effective cross cultural training occurs in order to help individuals obtain both the knowledge and the tools needed to reduce misunderstandings and improper actions (Black Mendenhall [1990]) suggest that multi-cultural training provides individuals with greater self confidence and decreased narrow-mindedness about people from diverse cultures. In addition (Barlett and Ghoshal [1990]) also pointed out that establishing a multicultural training programme improved the companys ability to operate more efficiently in different cultural environments. Although many multicultural training programmes are undertaken to enhance cultural diversity they are not always successful. According to (Woods [1992]) a systematic approach should be taken towards training. (Woods [1992]) established a four step cycle: Firstly was to specify certain job task of individuals and assess the needs of the corporate culture. Secondly is the identification of training objectives. Thirdly was the establishment of the proper training content in which the following was used; sensitivity training, cultural awareness and orientation programs. In addition (Cox, [1993]; Gamio Sneed, [1992]; Tung, [1993]) introduced the communication competency program. In the final stage (Milkovich Boudreau [1991]) stated that training programs need to verify whether the training is successful in junior members of staffs performances at work. The cycle used was concerned with the effectiveness of the training, however, (Mendenhall Oddou [1986[ Tung [1981]) found factors that deterred individuals. These included lack of specialised trainers, cost and perceived lack of usefulness. Research carried out by (Gamio Sneed [1992]) found that the deterrence factors are of major importance. Take for instance the catering industry. Mangers in restaurants may blame high staff turnover rates on lack of multi-cultural training, therefore using these rates as the reason to ignore the need for training programs. (Jackson [1991]) believes that heterogeneity among team members contributes to high turnover rates within organisations. Researchers may find that the re lationship between cultural diversity and staff turnover is of major importance to all organisations. Hospitality researchers Results of this study have provided useful directions for future research in the area of multicultural training. Respondents in this study perceived more success in improving interpersonal skills than dealing with culturally diverse people because those skills are probably more easily observable and acquirable. A more rigorous research design is recommended before definitive conclusions about the efficiency of the training can be reached (Black and Mendenhall, 1990). Without identifying a baseline of knowledge and skills before starting the program, it becomes difficult to measure training effectiveness. Researchers can solve this problem by utilizing a pretest-posttest design with a control group, identifying two separate groups during pretest. One group would be tested before and after receiving the training. The other group would simply be tested twice once before and once after the program but they would not receive the training. By measuring both groups, training managers could fully assess the impact of the training program. Furthermore, the measurement of the training effectiveness needs to incorporate the trainees estimation about the program in addition to perceptions from directors of human resources. Alliger and Janak (1989) advocated that training needs to integrate two evaluation criteria: 1 Internal. For assessing how trainees feel about the training experience. 2 External. For estimating the changes in job behavior and organizational effectiveness (Milkovich and Boudreau, 1991). . Such training encourages understanding about differences and acceptance of the multicultural work environment and helps create and retain effective work teams and expertise in dealing with multicultural management. Full Text (2411 words) Copyright InfoWorld Publications, Inc. Apr 24, 2000 [Headnote] As the IT workforce grows more diverse, managers must improve awareness without creating inconsistency Diversity will have a significant impact on the hospitality industry. On one hand, diversity may cause problems, particularly in older, traditional organizations with a homogeneous workforce, including communication difficulties with supervisors and co-workers as well as with customers. Thus, group cohesiveness may be reduced by an increased cultural diversity among group members (Cox, 1993). The lack of understanding of different cultures may lead to ineffective management techniques in directing, motivating, and rewarding culturally diverse employees. On the other hand, diversity enriches a hospitality organization by adding new cultures, ideas, and alternative methods for solving problems.). What is not understood is what effects, if any, these changes will have on an organization and how it can respond in a proactive way to them. Recognizing the significance of managing diversity in the hospitality organization, Welch et al. (1988) suggest that developing cultural awareness in a company helps employees become familiar with different values, interpersonal interactions, and communication systems which must be understood for an effective multicultural working environment. Christensen (1993) emphasizes that organizations failing to acknowledge the full range of variety inherent in their employees and customer populations will have difficulty surviving . Restaurants need to have more thorough multicultural training programs, focusing on training goals which are practical and job-specific. Job result-oriented training goals, including increasing employee teamwork among culturally diverse employees and improving cross-cultural skills, must be a part of the training goals to encourage employee participation and eventually help in facilitating job performance in dealing with multicultural work environments. In addition, training methods should be more comprehensive rather than limited. As case 3 reported, minority mentor and advisory programs could be utilized to encourage full participation of ethnic minorities. These involvement efforts, with full support from upper management, would help change employees attitudes and lower barriers between diverse workers and promote ethnic minorities, and hopefully lead to less turnover generated from the feeling of isolation and difference. Furthermore, human resource directors may consider utilizing employees with multicultural experience. For instance, the company can hire managers who have hands-on experience with different cultures or language skills for efficient interaction with diverse employees and for multicultural training. These comprehensive training approaches can eventually generate productive training results and increase better understanding among employees from diverse cultural backgrounds. Hospitality researchers Results of this study have provided useful directions for future research in the area of multicultural training. Respondents in this study perceived more success in improving interpersonal skills than dealing with culturally diverse people because those skills are probably more easily observable and acquirable. A more rigorous research design is recommended before definitive conclusions about the efficiency of the training can be reached (Black and Mendenhall, 1990). Without identifying a baseline of knowledge and skills before starting the program, it becomes difficult to measure training effectiveness. Researchers can solve this problem by utilizing a pretest-posttest design with a control group, identifying two separate groups during pretest. One group would be tested before and after receiving the training. The other group would simply be tested twice once before and once after the program but they would not receive the training. By measuring both groups, training managers could fully assess the impact of the training program. Furthermore, the measurement of the training effectiveness needs to incorporate the trainees estimation about the program in addition to perceptions from directors of human resources. Alliger and Janak (1989) advocated that training needs to integrate two evaluation criteria: 1 Internal. For assessing how trainees feel about the training experience. 2 External. For estimating the changes in job behavior and organizational effectiveness (Milkovich and Boudreau, 1991). . In responding to the multicultural work environments and international scope of restaurant operations, the hospitality industry should provide proper training for line employees who require customer interactions during their routine jobs in addition to managers who deal with employee promotion and corporate culture. TRAINING Perlmutter identified three managerial attitudes toward international operations Managers with an ethnocentric attitude are home-country oriented. Home-country personnel, ideas, and practices are viewed as inherently superior to those from abroad and are used for evaluation purposes. A polycentric attitude is a host-country orientation based on the assumption that because cultures are so different, local managers know what is best for their operations. Managers with a geocentric attitude are world-oriented. Skill, not nationality, determines who gets promoted or transferred to key positions around the globe. This attitude attempts to maintain a balance between global standards and local discretion. A geocentric attitude can help management take a long step toward success in todays vigorously competitive global marketplace. complexity. Documentary programs. Culture assimilator. Language instruction. Sensitivity training. Field experience. TRAINING . . References 1. Alliger, G. and Janak, E. (1989), Kirkpatricks levels of training criteria: thirty years later, Personnel Psychology, Vol. 42 No. 4, pp. 331-42. 2. Andorka, F. (1997), Diversity task forces meet to set agenda, Hotel and Motel Management, Vol. 212 No. 4, pp. 32-6. 3. Barlett, C. and Ghoshal, S. (1990), Matrix management: not a structure, a frame of mind, Harvard Business Review, Vol. 68 No. 4, pp. 138-45. 4. Black, J. and Mendenhall, M. (1990), Cross-cultural training effectiveness: a review and a theoretical framework for future research, Academy of Management Review, Vol. 15 No. 1, pp. 113-36. 5. Bochner, S. (1982), Cultures in Contact: Studies in Cross-cultural Interaction, Pergamon Press, New York, NY. 6. Bond, R. and Bond, J. (1993), The Sourcebook of Franchise Opportunities, Business One Irwin, Homewood, IL. 7. Christensen, J. (1993), The diversity dynamic: implications for organizations in 2005, Hospitality Research Journal, Vol. 17 No. 1, pp. 69-86. 8. Clark, J. and Arbel, A. (1993), Producing global managers, The Cornell Hotel Restaurant Administration Quarterly, Vol. 34 No. 4, pp. 83-7. 9. Cox, T.H. (1991), The multicultural organization, Academy of Management Executive, Vol. 5 No. 2, pp. 34-47. 10. Cox, T.H. (1993), Cultural Diversity in Organizations, Berrett-Koehler, San Francisco, CA. 11. Franchise Directory (1992), 1st ed., Martin, S. (Ed.), Gale Research, Detroit, MI. 12. Fullerton, H. (1987), Labor force projections: 1986-2000, Monthly Labor Review, Vol. 110 No. 9, pp. 19-29. 13. Gamio, M. and Sneed, J. (1992), Cross-cultural training practices and needs in the hotel industry, Hospitality Research Journal, Vol. 15 No. 3, pp. 13-26. 14. Glick, W., Harber, H., Miller, D., Doty, H. and Sutcliffe, K. (1990), Studying changes in organizational design and effectiveness: retrospective event histories and periodic assessments, Organization Science, Vol. 1 No. 3, pp. 293-312. 15. Harris, K. and West, J. (1993), Using multimedia in hospitality training, The Cornell Hotel Restaurant Administration Quarterly, Vol. 34 No. 4, pp. 75-82. 16. Houten, B. (1997), Harvest time, Restaurant Business, Vol. 15 No. 8, pp. 71-80. 17. Jackson, S., Brett, J., Sessa, V., Cooper, D., Julin, J. and Peyronnin, K. (1991), Some differences make a difference: individual dissimilarity and group heterogeneity as correlates of recruitment, promotions, and turnover, Journal of Applied Psychology, Vol. 76 No. 5, pp. 675-89. 18. Jeffcoate, R. (1981), Why multicultural education?, Education 3-13, Vol. 9 No. 1, pp. 4-7. 19. Mejia, L. and Palich, L. (1997), Cultural diversity and the performance of multicultural firms, Journal of International Business Studies, Vol. 28 No. 2, pp. 309-35. 20. Mendenhall, M. and Oddou, G. (1986), Acculturation profiles of expatriate managers: implications for cross-cultural training programs, Columbia Journal of World Business, Vol. 21 No. 4, pp. 73-9. 21. Milkovich, G. and Boudreau, J. (1991), Selection and design of training programs, in Human Resource Management, 6th ed., Irwin, Homewood, IL. 22. National Restaurant Association (1988), Foodservice Industry 2000 (Current Issue Report), National Restaurant Association, Washington, DC. 23. Tung, R. (1981), Selection and training of personnel for overseas assignments, Columbia Journal of World Business, Vol. 16 No. 1, pp. 68-78. 24. Tung, R. (1993), Managing cross-national and intra-national diversity, Human Resource Management, Vol. 32 No. 4, pp. 461-77. 25. US Travel Service (1990), Annual Summary of International Travelers to the US, US Travel Service, Washington, DC. 26. Welch, T., Tanke, M. and Glover, G. (1988), Multicultural human resource management, Hospitality Research Journal, Vol. 12 No. 4, pp. 337-45. 27. Woods, R. (1992), Managing Hospitality Human Resources, Educational Institute of the American Hotel and Motel Association, East Lansing, MI. 28. Zikmund, W. (1991), Business Research Methods, 3rd ed., The Dryden Press, Orlando, FL, pp. 3 Despite their popularity, the risk of failure of such ventures is high. There is a wealth of academic research studying the factors which may lead to greater success. Some authors suggest that greater attention up front to structural and partner characteristic dimensions will arrest the high failure rate (Parkhe, 1993). Recent research effort has been directed towards forwarding general prescriptions for managing the relationship once the alliance is under way Parkhe, A. (1993), Strategic alliance structuring: a game theoretical and transaction cost examination of interfirm cooperation, Academy of Management Journal, Vol. 36 No. 4, pp. 794-829. The work of Hofstede (1980), in particular, is considered the most comprehensive effort, involving analysis of a large scale questionnaire based survey of one large American corporation in 40 of its subsidiaries. Hofstede found that differences in national culture varied substantially along the four dimensions of uncertainty avoidance, individuality, tolerance of power distance and masculinity-femininity. Hofstedes work has frequently been used as a starting point to identify and model cultural clusters (Kogut and Singh, 1988; Ronen and Shenkar, 1985). Although the methodological approach has been extended to explore the effect of culture on international cooperation (Johnson et al., 1993; Graham, 1988) the difficulties of measuring and monitoring exchange processes have been noted. Indonesian culture, particularly Javanese and Sundanese culture (the latter from the region of Bandung) is very different from modern Western European and North American culture. Particular aspects of these cultural differences can affect the trust-building process. The case provides key episodes which illuminate these cultural trait differences and suggests methods to work within this cultural diversity. The critical involvement of stakeholders A key cultural dimension in SE Asian culture is the collectivist approach to business. This manifests itself in our case study through the critical involvement of stakeholders in the formation phase of the JV. The role of stakeholders and management of their interests is a key theme running through the paper. In particular, the case study suggests a need to systematically identify the power and interest of potential stakeholders and plan for and subsequently negotiate their roles and influence in the venture. These factors have led many Western companies to look for help and expert local advice through collaborative arrangements with ASEAN country partners. Market entry strategies have favoured equity JVs, which several ASEAN countries prefer in order to protect their own interests and ensure long-term growth (Lasserre, 1995; Mann 1996). The JV formation process: an analytical framework Lorange and Roos (1993) proposed a formation process model for JVs and strategic alliances which consisted of two areas of consideration; political and analytical and two phases of development; the initial and the intensive phase. This model has been modified and extended to create an analytical framework which derives from the Indonesian JV experience. The marketing and economic benefits from such a JV were apparent to Lucas at the time. Essentially the JV would provide abundant and highly skilled low-cost labour (with future joint product development a realistic possibility), made up of a loyal, dedicated and, importantly, reliable workforce with excellent proven machine tool skills and capabilities. Good rail and air transport links with markets in Europe, North America and Asia Pacific made it an attractive proposition along with a burgeoning Western market for low-cost high quality aerospace standard precision machined parts and components Westerners, particularly from Northern Europe and North America are generally viewed as particularists (Trompenaars, 1993). They rely heavily on rules and legal agreements to structure and provide governance to cooperative ventures. Trompenaars, F. (1993), Riding the Waves of Culture, Nicholas Brealey, London The most commonly utilized starting point for organizational development work on managing diversity is some type of employee education program. Human Resource Planning, June 2001 v24 i2 p10 Workforce Diversity Training: From Anti-Discrimination Compliance to Organizational Development. Marc Bendick; Mary Lou Egan; Suzanne M. Lofhjelm. Diversity is not just race and gender. It has a lot to do with communication styles and work styles,

Wednesday, January 22, 2020

Impact of Technology on Warfare :: Exploratory Essays Research Papers

Impact of Technology on Warfare Technology changes every day, sometimes the events in our life shape what new technology we use. You would have to be living in a hole not know that we are in conflict with Iraq, and this event has changed digital warfare. The U.S. army has come up with a digital warfare system called Army Battle Command System. This system can scan digital street maps, monitor enemy positions, zoom in on individual buildings through satellite imagery and download instructions from commanders. The Army Battle Command System has been but in to a hand full of Humvees in Iraq. This technology was originally designed for battlefield combat which was tanks and helicopters, but now they have found that it is much more useful for hunting rebel leaders and trailing street fighters. This new technology helps the commanding officers know what is going on by that they can be back at there command base and watch raids unfold on large screens and watch real time footage. This allows them to know what exactly what is taking place. The technology has allowed commanders to plan complicated raids and organize battle gear and hundreds of soldiers within two hours. At that speed , they say, it played an important part in capturing Saddam Hussein and other fugitives. One important element to the system is that each military vehicle is tracked by satellite and it appears as a moving blue icon on a computer screen inside these Humvees that have been equipped with the Army Battle Command System, this is important to the Humvee driver because now he is able to know where all tanks and other army vehicles are located and this is said to have helped reduce the amount of friendly fire incidents. Back before they had this technology the drivers would have to radio back to the command base and inform them on there location, â€Å"No longer do you have guys on a map putting little stickers where things are at, now it is digitally done. It allows commanders to move more rapidly, more decisively, more violently.† [1] A helpful feature that the Army Battle Command System has is a touch screen monitor which allows the officer to place icons on the map and have it appear on screens throughout the system which makes them able to show enemy position, possible ambush locations, fugitive hide outs and locations of newly found roadside bombs.

Tuesday, January 14, 2020

Puritan Society in Winthrops

In his work â€Å"Remembering John Winthrop- Hawthorne’s Suggestion† Matthew Holland calls John Winthrop powerful but unclear, well-liked and despised, completely unwanted by some while other energetically fight traditionalists to make him an image of ideal. The author finds very strange the fact that being a critic of Puritanism, Nathaniel Hawthorn turns our attentions to Winthrop’s ideas of charity (Holland 1). According to Holland, The Scarlet Letter testifies that Hawthorne was not at the Puritans’ side and did not consider their values to be right.Since Winthrop is primarily connected with the origin and propagation of Puritan ideas, it is not possible that Hawthorne could not consider him to be deserved an honor. Notwithstanding that Winthrop’s own use of ideology of Christian love can influence Hawthorne’s attitude positively, this can’t overshadow the excessively cruel social arrangement Winthrop created (Holland 12). Holland s tates that Hawthorne simply considered Winthrop to be a normally righteous exclusion to a Puritanism that generates just wickedness and tyranny.However, Hawthorne noted that Winthrop was an outstanding person way, a leader of his age, elected by his contemporaries and reelected for several times. Trepanier, Lee. â€Å"The need for Renewal: Nathaniel Hawthorne’s Conservatism. † Modern Age, Fall 2003, Vol. 45. Academic Search Elite. EBSCOhost. 1 March 2007. In â€Å"The need for Renewal: Nathaniel Hawthorne’s Conservatism† Lee Trepanier describes Hawthorne's attempts to renovate the Puritan heritage by means of art (Trepanier 200) .The author tries to explain to us the final breakdown of Hawthorne's artistic and sacred views and tries to find out how actual breakdown influenced our evaluation of Puritan heritage. According to Lee Trepanier, The Scarlet Letter is usually understood as a story of morality, where the traditions of Puritanism and defenselessnes s of people are perfectly represented. However, the author explains the way how to fight with defenselessness stating â€Å"life is strictly a function of ‘mechanism; and that having knowledge of the mechanism is to have power over life itself† (317).Michaelsen, Scott. â€Å"John Winthrop's ‘Modell’ Covenant and the Company Way. † Early American Literature, 1992: 85-100 Scott Michaelsen reminds the reader that straight after their coming to the New England to create a new civilization founded on the Calvinism, Puritans were perceived as cultured, hard-working and established. Today their influence is the New England are to coming to naught, it is heritage still is felt in the society (Michaelsen 10). The author told us that American leaders of the past century cite John Winthrop.However, they sometimes overlook his anti- sovereign political theory. Michaelsen explains, that Winthrop’s creations – and A Model of Christian Charity is one of them – were not well-liked by his contemporaries, due to the reason that the he did not create any new values of Puritanism and simply talked about the ideas developed by someone else earlier (Michaelsen 60). Winthrop stated that real pure feeling was present only before the sin of Adam and Eve, while the modern imperfect society needs charity preservation.According to him, such qualities as forgiveness and fairness play more important role than love in our society today. However, the author argues that people must know their obligations and be merciless to one another (Michaelsen 91). People are commonly upset because of the severity of Winthrop's viewpoint. This state is generated by reading some literature of Winthrop's supposition connected with the power of patriarchy and the live of women in the Puritan society.It is essential to note how our modern ideas about what is right and wrong can occasionally differ from those in the society Winthrop lived in. Schweitzer, Iv y. John Winthrop's Model of American Affiliation. Early American Literature, 2005: 441-69 In his article the Schweitzer provides the John Winthrop’s work and values evaluation. According to the author of the article Ivy Schweitzer lately, researchers started to investigate the Age of Reason’s veneration of and devotion to composed motivation, and to discuss the ‘‘emotional history of the United States’’ (441).Schweister states that In his study of early American influence, the author Peter Coviello says that the population appears under the influence the oratory of its main leaders through the tactical expression of powerful feelings of failure and parting that make a very contrasting and extensively alienated colonial population to unite (Schweitzer 442). According to Schweister, this not just paves the way and creates the political establishment of the new nationality however it develops the ability for emotional reaction as a precondition f or â€Å"virtuous republican citizenship† (441).

Monday, January 6, 2020

Economic And Policy Development Of Ireland - 1616 Words

Compare the economic and policy development of Ireland, North or South, in relation to the United Kingdom During this essay I will compare the difference of economic and policy development of Ireland, north or south in relation to the United Kingdom. As of today Ireland themselves are bit more advanced, exchange secondary economy. Ireland was among the starting gathering of 12 EU countries that started streaming the euro on 1 January 2002 â€Å"Although Ireland had aspirations to become a member of the Community as far back as 1961 it was not until 1972 when a referendum confirmed Ireland’s entry into the European Community with 83 per cent of voters supporting membership. Ireland formally acceded to the then EEC in 1973†. (Loughran, 2015). GDP (Gross Domestic Product) advancement found the centre estimation of 6% in 1995-2007, yet fiscal activity has dropped mightily since the onset of the world cash related crisis. Ireland went into a subsidence in 2008 unprecedented for over 10 years, with the subsequent breakdown of its neighbourhood property business area and advancement industry. Property costs climbed more rapidly in Ireland in the decade up to 2007 than in whatever other made economy. Overall, between 1881 and 1901, there was a 17% increase in the number of persons employed in Government in Ireland. By 1901 there were 34,281 Government employees in total, one for every 104 inhabitants of Ireland (excluding the armed forces). This compared to one for every 127 for theShow MoreRelatedEssay about irish economy1322 Words   |  6 Pagesoutline the initial approach to economic policy pursued by the Cumann na nGeadheal government after independence in 1922? Employed a very conservative approach and continued on with the policies that had existed pre independence. Kept parity with sterling given that 97% of Irish Exports were to the U.K. Elevated the promotion of agriculture as the main policy priority. Low tax and low spend and aimed to balance budgets. 3. Discuss two pillars of Fianna Fà ¡ils economic policy after to coming to power inRead MoreForeign Direct Investment and Ireland’s Tiger Economy691 Words   |  3 PagesForeign Direct Investment and Ireland’s Tiger Economy 1) In the economic history of Ireland there have been many changes due to different governments and different policies. The reasons behind the Ireland economic success are the good location of the country, because it’s like a bridge to the European union market for the American companies, low tax, in fact there is a tax rate of 12,5 % that is the lowest in the European Union, a multilingual labor force, that is very important for the multinationalRead MoreEssay about Regional Integration Ireland and the European Union1180 Words   |  5 PagesIntegration Ireland and the European Union    First let us look at (regional economic integration). The (REI) â€Å"Agreements among countries in a geographic region are to reduce and ultimately remove tariff and nontariff barriers to the free flow of goods, services, and factors of production between each other†(allvoslog 2009) Pro Integration for Ireland Irelands experience with regional integration is the history of the involvement between Ireland and the E.U. In January of 1973 Ireland joinedRead MoreIreland’s Attractiveness for Foreign Direct Investment Essay1427 Words   |  6 PagesIrish economy succeeds as one of the most competitive market in global economies. Within combination of factors, Ireland’s development transformed the country into an attractive investment destination. Therefore, this essay will determine components involved that affect in Ireland’s growth and provide its different dimensions including political, economic, socio-cultural, technological, environmental and legal system (PESTEL) which are integrated with control, risks, costs and benefits as the country’sRead MoreThe Economy of Ireland1572 Words   |  6 PagesEconomics of Ireland The republic of Ireland lies to the East of England and Wales with an estimated population of about 4.5 million. Its well infrastructure in terms of communication and ICT, stable legal system, low corporate tax and other incentives have been put in place through the Industrial development Agency (IDA) have been attracting foreign investments. Ireland has most of the worlds best financial firms and a young highly skilled and available labour force that can be utilized by theRead MorePrivatization of Irelands Commercial State Owned Enterprises1191 Words   |  5 Pagesrevenue from subsidies. Ireland has one of the lowest rates of SOEs. (The Role of State Owned Enterprises: Providing Infracture and Supporting Economic Recovery) A significant portion of Irelands National Development Plan comes from SOEs. Instead of an overall strategic plan, Ireland approaches issues on a case by case basis. SOEs are often required to implement multiple, sometimes conflicting, objectives. For example, they may be required to achieve loss making policy goals while operating commerciallyRead MoreWhy Ireland Has Attracted Inward Foreign Direct Investment Essay1275 Words   |  6 PagesWhy Ireland has Attracted Inward Foreign Direct Investment Ireland has been know to be a hugely attractive for FDI, especially during the 1990s. While Ireland hasn’t been able to compete with countries like the United States in the amount of FDI it attracts, â€Å"relative to the size of the economy† Ireland has attracted very high levels of inward FDI (Bailey and Lenihan, 2015). In particular, Ireland has attracted significant United States FDI (Kelley, Glenn, O’Brien, 2007, p. 2; Rios-Morales BrennanRead MoreEconomic Assessment : Gdp Size And Growth946 Words   |  4 PagesEconomic Assessment GDP Size and Growth Ireland’s GDP has increased from $218.5 billion in 2010 to $245.9 billion in 2014. Per Capita GDP has also increased over the last five years, from $46,425 to $49,360 (Ireland GDP | 1960-2015, 2015). Despite overall growth, both GDP and per capita GDP experienced low growth from 2011-2013, and even negative growth in 2012. This is explained by the tight fiscal policy maintained by Ireland’s government during this time. In addition to GDP growth, an interestingRead MoreSteep Analysis821 Words   |  4 Pagesother 4 journals in terms of sustainability in construction. Social sustainability in construction- ‘Integrating sustainable development and public health on the island of Ireland’ (Wilde, Jane Boydell, Leslie Rugkà ¥sa, Jorun, 2006) This paper talks about the current policies that both Northern Ireland and the Republic of Ireland practice in terms of sustainable development and health; are they working and if not, how they will be made to work? The paper begins with a quotation published in the IrishRead MoreForeign Direct Investment ( Fdi )1406 Words   |  6 Pagesstrengthening of the economic outlook. FDI can be seen as an investment that leads directly to job creation in an economy. The unemployment rate decreases due to FDI, which leads to stability in economic, social and political spheres. This leads to establishing the notion that FDI is necessary for a country because it helps in strengthening the economy of a particular country. Ireland has been benefitted by FDI for years. Since the early years of the twenty-first century, Ireland has attracted billions