Essay on Pest Anaylsis Nordea - 1443 Words

Pest Analysis on Nordea Political 1. Legislation/law for information systems 2. Effectiveness of law v internet 3. Monopoly legislation 4. Trading from investors Economical 1. Economy of information systems in Scandinavia 2. Economical trends 3. Trade and industry 4. Competition of cost outside Europe Social 1. Wide demographic 2. Applying decent pricing to customer’s needs 3. Innovative idea to suite customer trends 4. Security Technical 1. Using different sites to their advantage 2. Challenges of integrated systems 3. Innovative ideas 4. Competitors Political – ‘Political systems can exert significant pressure on the development and use of information systems in organisations’ (Beynon-Davies, 2004). This normally†¦show more content†¦Social One of Nordea’s goals is that the ‘website should be designed in a way that would be easy even for 65-year-old customers to understand’ (Jelassi Enders, 2008) They aim to address a large demographic, to hold as many customers as they could. This achievement was shown in 2002 when they had 10.6 million private customers (Jelassi Enders, 2008). Deitel et al pointed out that people are less trusting of banks and the public now see banks as power and money hungry institutions who messed up society. Nordea previously removed their basic charges for their customers and customers that want to do equity trading pay various amounts. However Nordea’s competitors still tend to be cheaper. An example of this is E*Trade that charge 50% less than their trade (Jelassi Enders, 2008). Nordea have an innovative media view which is TV banking. This allows customers who are not computer literate, or purely don’t like using the internet to check their balances via the TV. With this as an example of one of the new benefits using remote mechanisms, it is important for stakeholders to be interested for their purposes. Margetts and Dunleavy (2002) (cited in Beynon-Davies, 2004) argue that for people to change their conventional way of interacting with organisations over to new technology mechanisms there is a substantial and immediate set of

Essay on Government Spending, Deficits, and Keynesian...

A growing government is opposite to America’s economic interests because the various methods of financing a government - taxes, borrowing, and printing money have harmful effects upon the economy. There are many reasons why there is a high deficit in the United States such as extensive spending. This is true because government spending is often economically destructive, regardless of how it is financed. There are many causes of the steady growth in U.S. trade deficits. There are many people are against the high deficits especially economists. â€Å"Economists define government intervention in the foreign exchange market as the buying or selling of foreign exchange for the purpose of manipulating the exchange rate. â€Å"(Case, pg. 398)†¦show more content†¦Yes, the reason for the high budget deficit matter because many economists feels as though this will eventually affect our children and/or even our grandchildren. Not only that we must know how to budget the money. The government needs to know if they need to offer higher interest rates to attract enough buyers of government debt. Excess amount of borrowing adds to the National debt which means the Government has to spend more each year. Another reason why it matters we need to cut out and/or investigate where the wasteful spending is going and if we need to cut back on public sector spending or by raising the burden. There are few programs I think that we could cut to help in our financial situation right now such as public assistance. I am all for help ing people in need especially children, senior citizens, and disabled. However, I am not willing to offer or give assistance to a person who abuses the system. I know several people who receive public assistance and they are perfectly stable enough to work, but they rather not. If you have been on the program more than 5 years you should be released. We have allowed some people to take advantage and it has put a minor dent into the United States spending.Show MoreRelatedKeynesian and Monetarist Economic Theories1732 Words   |  7 Pagesï » ¿ Keynesian and monetarist economic theory: Budget deficits, supply-side economics and trade deficits Keynesian economic theory arose first in opposition to classical economic theory during the 1930s. Keynes developed his philosophy as a way of remedying the aftereffects of the Great Crash, which had spiraled into a great, world-wide depression. According to classical economic theory, the ups and downs of the business cycle are to be expected. Eventually, prices become so low that peopleRead MoreEssay about Monetarist and New Classical theories1452 Words   |  6 PagesUniversity of Chicago, and Edmund S. Phelps of Colombia University. It was later more fully developed by Robert E. Lucus Jr, of the University of Chicago. 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Keynes saved capitalism from the capitalists.† - Prof. Joseph StiglitzRead MoreThe United States Economy: Recession Policy Recommendations651 Words   |  3 PagesThe United States economy: Recession policy recommendations According to classical Keynesian theory, the best way to deal with a recession is for the government to spend at a deficit to stimulate demand. Waiting for the business cycle to rectify itself, at least during a very severe economic downturn, shows little understanding of real world economic and psychological wisdom. When people are worried about losing their jobs, they spend less and hide money under the mattress. They do not buy consumerRead MoreFiscal Policy And Its Effects On Economic Growth1260 Words   |  6 PagesFiscal policy is a tool that is used by the government to correct fluctuations in the economy. Fiscal policy involves the government manipulating the level of government expenditure and/or rates of taxes to affect the level of aggregate demand (Sloman and Sutcliffe, 2001, p.633). The business cycle is inter-linked with this policy as it illustrates the short-term increase and decrease in the economy, noted as periods of recession and expansion. The idea of fiscal pol icy is simple when the economyRead MoreMacroeconomic Theories Of Macroeconomics And Classical Economics999 Words   |  4 PagesMacroeconomics is a branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole, rather than individual markets. This includes national, regional, and global economies. With microeconomics, macroeconomics is one of the two most general fields in economics. There are two major macroeconomic theories that economists use to describe the economy. Those theories are Keynesian and Classical. Each theory has a different approach to the economic study of monetaryRead MoreBudget Deficit1183 Words   |  5 PagesBudget Deficit For many decades, there has been a concern for the deficit within the United States. Many politicians, authors, newscasters, and citizens have expressed their distress in order to resolve or control the issue. Keynesian economic theory states that running a budget deficit is okay, as long as the deficit is not exorbitantly large and is not carried for a long period of time. Even though many experts agree with this notion, having a deficit at all is important to the present and

Management Theory And Practices Organizations Obligation

Question: Describe about the Management Theory And Practices for Organizations Obligation. Answer: Social responsibility is the activities that the organization undertakes to facilitate a positive relationship between the organization and its stakeholders. The activities may or may not necessary generate any profits to the organizations. It is also the responsibility or the duty of the company to improve and protect the body welfare and the stakeholders that surround it. Organization must have a good relationship with the stakeholders to avoid disputes arising which may hinder it from achieving its targets (Schermerhorn et al. 2014). The organization do not exist in isolation and therefore, social responsibility looks at the interaction between the organization and its stakeholders. Stakeholders are the people who relate or interact with the team in the process of reaching its set goals or targets. Growth and development of the organization are determined by the interaction with its stakeholders as they indicate its actions, objectives, and policies they make. Active interaction leads to the success of the business while the negative relationship can result in failure of the firm. The business has both internal and external stakeholders. The internal stakeholders include the managers, employees, the board of directors, etc. while the external stakeholders are the consumers, regulators, creditors and the suppliers of the company (Carroll, 2015, pp. 87-96). Social responsibility enhances the business ethics and avoidance of corruption. Business ethics stipulates that business should determine what is good and not good to help in dealing with the stakeholders to ensure that their needs are satisfied. The company should avoid shady deals or engage in illegals business activities to achieve its goals. The managers in the strive to ensure that the organization is competitive they should make sure that they work as prescribed by the laws of business. The responsibility of the company may include its obligation or duties, human reaction, social responsiveness and its proper behavior (ArAs, 2016). Policymaking in the organization by the management should ensure that they make policies which will create harmony between the organization and its stakeholder. Some the things the team should put into consideration are; Ensure equity and transparency when dealing with the stakeholders Protect the rights of the consumers who are the market of the body products. Carry businesses by the accepted market practices in the industry. Ensure that they observe the health and the safety of all the stakeholders. Facilitate Legal and Ethical relationships with the consumers. Have policies which will enhance Community development. Environmental protection and welfare Observe code of ethics which are fair to all parties. Observe Government relations when setting up the business policies. The ethical decision must be made by the organization to ensure that the stakeholder's needs are satisfied and also the organization meets its set goals. Theories have been developed to help the organizations in making decisions (Cornelissen, 2014). They include; The social responsibility curve It compares the objectives of the business and the social goals. These are the objectives of the owners of the business and the objectives of the stakeholders. To explain this adequately, it uses two variables which are egoism and altruism. Egoism states that represents the owners of the business and suggests that a right decision is the one that ensures that the organization achieves its targets and becomes profitable at the expense of the stakeholder or through the exploitation of the stakeholders. Altruism, on the other hand, states that a right decision is the one that ensures maximum benefits to the stakeholders at the expense of the owners of the business. The two variable when used in organizations results to conflicts and therefore, the only possible solution was to ensure that any decision made by the group satisfies both the stakeholders and the interests of the organization without exploitation of any party. The legal and ethical matrix This pattern has four quadrants; legal/ethical, legal/unethical, illegal/ethical and illicit/wrong. The most appropriate quadrant is the legal/ethical. It means that for a decision to ensure good relation between the business and the stakeholders must put into account the accepted standards of the interested parties in that environment and also be by the set rules and regulation. The pyramid of corporate social responsibility This theory stipulates that the business objectives are four. They include; Economic goals- the business core business is to ensure that it means its goal and objectives and make profits. Legal objectives- any organization must make decisions which adhere to the set rules and regulations. Ethical goals- business must make a decision by the norms and standards which are accepted by the stakeholders. Philanthropic goals- businesses have to give back to the society through building schools, hospitals, etc. to help the community as a whole. These are acts of charity by the organization. The above theories explain all the ways the business can make the decision that will make it have a productive relationship with the stakeholders. They ensure no disputes can arise among the speaker and business as the interests of each part are out into consideration. According to Andrews (2016). Achieving the social responsibility for any organization is not easy, and it has a lot of challenges (pp. 9-17). They include; Organization participation in social responsibility is very expensive as it requires professionals to check the relationship between the company and its stakeholders. The main aim of the business is to get maximum profits and thus there is an argument against the company looking after the stakeholders as sometimes it may not benefit. To ensure that the relationship among the both parties is right, it requires constant checking which may make the organization not achieve its goals as it may concentrate more on the stakeholders rather that its core business. Perception of the shareholders may lead to conflicts no matter how the business tries to ensure proper relationship among both parties. The management may just be selfish and focus on its goals and assume the stakeholders, and this can result in conflicts. Organizations may find it very had checking among the stakeholders who benefits than the other and it may cause conflicts of interest among the parties. Decision making by the management is a problem as they fear not to collide with the stakeholders and this may cause failure of the business. Stakeholders must be made aware of their rights and duties from the companies, and this may not be possible, and therefore the firms may use a lack of knowledge by the interested parties to oppress. Dealings between the organization and the stakeholders involve many parties, and therefore conflicts must arise no matter the effort to avoid as the parties have different interests. Finally, the group exist and relates to many individuals in the environment. Decisions made must be done carefully to avoid any disputes that may arise from any part. However, any disputes which might arise the management should take fast actions to ensure they are solved. These would ensure that the business continues with the primary objective of making profits and being competitive in the market (Bowen, 2013). References Andrews, N. (2016). Challenges of corporate social responsibility (CSR) in domestic settings: An exploration of mining regulation vis--vis CSR in Ghana. Resources Policy, 47, 9-17. ArAs, G. (2016). A handbook of corporate governance and social responsibility. CRC Press. Arnold, D. G., Valentin, A. (2013). Corporate social responsibility at the base of the pyramid. Journal of business research, 66(10), 1904-1914. Bowen, R. (2013). Social responsibilities of the businessman. University of Iowa Press. Carroll, B. (2015). Corporate social responsibility. Organizational Dynamics, 44, 87-96. Cornelissen, J. (2014). Corporate communication: A guide to theory and practice. Sage. Jain, T., Jamali, D. (2015). Strategic approaches to corporate social responsibility. Development-Oriented Corporate Social Responsibility: Volume 2: Locally Led Initiatives in Developing Economies, 71. McWilliams, A. (2000). Corporate social responsibility. Wiley Encyclopedia of Management. Popa, M., Salanta, I. (2014). Corporate social responsibility versus corporate social irresponsibility. Management Marketing, 9(2), 137. Schermerhorn, J., Davidson, P., Poole, D., Woods, P., Simon, A., McBarron, E. (2014). Management: Foundations and Applications (2nd Asia-Pacific Edition). John Wiley Sons.

To Help Us With Our Study Of Origins, We Will Use Two Main Sources Th

To help us with our study of origins, we will use two main sources: the Bible ? as God's direct revelation of life, and science ? a way to interpret the Bible using scientific knowledge. In his book Biology Through the Eyes of Faith, R.T. Wright (1989) states: "It is an important conclusion of faith that both science and Scripture are sources of knowledge of God's works and that, when properly understood, should not lead to conflicts." I agree with this statement, believing that God created the original species. I also uphold a belief that a series of natural processes lead to the formation of other species thereby increasing the diversity of life on earth. By carefully studying both science and Scripture, I believe that we will be able to find truth about God's creation. Genesis 1 clearly states that God created heavens, earth, and their organisms. It doesn't indulge, however, in explanations of how or when God created them. As the result of that a variety of view appeared on how to interpret Genesis 1. Old-earth creationists believe that the Bible shouldn't be taken literally, referring to various problems associated with the order of creation and the "obvious" old age of the universe. They base their beliefs on various studies such as paleontology, astronomy, biology, genetics; and the list goes on. Young-earth creationists, on the other hand, believe that the Bible should be taken literally, telling a story of 24-hour day creation. Theistic evolutionists presume that God used evolution to create living species. However, biblical creationists argue that this could not be the case because the Bible says: "For in six days the Lord made the heavens and the earth, the sea, and all that is in them..." (Exodus 20:11), and He created species "according to their kind" (Genesis 1:11,12,21,24,25). This paper will analyze the worldviews of young-earth creationists and old-earth creationists, pointing out that both the Bible and science can agree on the issue of origins of species, and reveal which worldview I agree with more. Exodus 20:11 says that God created the universe in six "days." Many people, however, still wonder whether or not the modern scientific belief that the earth and universe have existed for billions of years can be harmonized with a literal interpretation of the Bible. Some Christians believe that the word "day" in Genesis doesn't mean a literal 24-hour day, but rather that a "day" is a long period of time. In Hebrew, where every word has three basic letters and vowel sounds are not included in a written language, the historical and literary time become a dominant factor in determining the meaning. Some commentaries have estimated that there may be as many as a hundred different meanings in the Bible for the word "day." These include the non-literal interpretations implying periods or epochs (Zabilka, 1992). However, when the phrase evening and morning is coupled with a numbered modifier and the word day (yom), there is no stronger way of specifying a normal day (Bebber, 1995). Others m aintain that "morning" and "evening" should also be taken figuratively. The Bible doesn't specifically state that "day" in Genesis 1 is a 24-hour day. No one, except God, can know for sure that Genesis is describing six earth rotations and not an unspecified period of billions of years. Another argument for old earth comes from the study of fossils. Many scientists believe that it took millions of years for the rock layers to form. They reason that many fossils seem to be more than 10,000 years old. Geologists today hold that the earth is approximately 4 to 5 billion years old. Others have found different explanations for the old age of the earth. According to a scientist Dalrymple (1991), The best value for the age of the earth is based on the time required for the isotopic composition of lead in the oldest (2.6-3.5 billion years) terrestrial ores, of which there are currently only four [235U to 207Pb to 238U to 206Pb], to evolve from the primordial composition, recorded in meteoritic troilite, to the composition at the time (measured independently) the ores separated from their parent rocks in earth's mantle. These calculations result in ages for the earth of 4.42 to 4.56