Deutsche Bank And Bankers Trust Merger Essay Example

Deutsche Bank And Bankers Trust Merger Paper Germany scores 40 what means that German society is rather restraint in comparison with more free American society which scores 68 In uncertainty avoidance, the Germans score 65 while the Americans score 46, meaning that Germans try more to avoid risk and anxiety, while Americans neither seek nor avoid ambiguous situations. Despite the differences there is also something in common, for example: In spite of the fact that there is an obvious difference between two ultras in the individualism scale (G 67, U 91), both of them are actually considered to be individualistic and focus on personal independence, individual rights, personal time, freedom and challenge. The power distance scale (G 35, IS 40) shows that both cultures are not very comfortable with control and structured hierarchical levels and prefer participative communication. And we also can see that masculinity is also a common feature. For The Germans and the Americans performance is highly valued. People rather live in order to work and draw a lot of self-esteem from their tasks. So now well proceed to analyzing how this dimensions influenced the merger itself. Individualism Beechnute Its an interesting fact that before having been acquired the Bankers Trust had not been integrated properly with the oldest US investment bank Alex Brown. That integration acquisition process was problematic in terms of merging the staff from both organizations with different and contrasting management styles. We will write a custom essay sample on Deutsche Bank And Bankers Trust Merger specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Deutsche Bank And Bankers Trust Merger specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Deutsche Bank And Bankers Trust Merger specifically for you FOR ONLY $16.38 $13.9/page Hire Writer One reason for this was the failure on the part of the Bankers Trust to appreciate the culture of their new acquisition. So the employees of the Alex Brown felt that they lost their identity. Therefore, an important strategic target for the Deutsche Bank was to gain the Alex Brown employees confidence and trust. As a consequence, the company in the USA was then named the Deutsche- Alex Brown Investment Bank. As a consequence Of this important decision Alex Browns identity was kept and also the brand was reinforced in the market and among clients. Y Bank employees felt that the Deutsche Bank had rescued them from Bankers Trust and they had actually kept their identity. (catboat) As weve already said for both cultures the respect of individual and his rights is very important. So, during the due diligence period, the Deutsche Bank executive group decided to undertake a cultural assessment exercise which was designed to find out not only the acquired companys assets, but the feelings and thoughts of the people involved in it. This exercise uncovered the fears, misapplications and the concerns of the employees. As the result employees of the acquired company could see that their opinion actually mattered which can also indicate a low rate of power distance, speaking of which we can also mention the fact that Deutsche Bank appointed John Ross as the head of the integration process. Ross had been Treasurer of Deutsche Bank but also had been Chief Executive for the Asia-Pacific region. Importantly for the integration of Bankers Trust, Ross was an American and had previously had a 21 -year career with the Bank of New York so he was able to understand Bankers Trust as well as anyone. Therefore we can see that the managers of the Deutsche Bank actually cared about what the representatives of the acquired bank thought and that is one Of the things that actually influenced the success of the merger. Masculinity The integration teams tasks also included ensuring the key managers would to leave the new organization following the signing of the deal. An incident occurred that presented a real threat to this happening. In the words of one of the top managers: Just right after the closing deal, one of G Bank competitors tried to poach a whole industry team, the entire industry 1 00 people. And over a week-end the integration team made a very radical and quick decision which resulted in G Bank keeping 75% of that team The Retention Programmer Retention for A Bank employees. A quite sizeable program, CSS$ 500 million was set aside to encourage A Banks key employees o stay in the organization.

Cherokee essays

Cherokee essays The Cherokee Indians were one of the most prosperous and progressive tribes in the country. They were also the largest tribe in the southeastern part of the United States. The Cherokee were a branch off the Iroquois Nation. The language they spoke was Iroquian. They got their name from Chelokee meaning people of different speech, and in their language they called themselves Aniyunwiya meaning principle people. A Cherokee named, Sequoyah, invented a system for the Cherokees to write their language. There were 86 characters in his syllabary and each were based on individual syllables in the words. Anybody who could speak Cherokee could also read and write it after learning the 86 symbols. Their native territory included portions of present Virginia, North Carolina, Tennessee, Georgia, and Alabama. Their population was estimated around 22,500. They lived in small communities, usually located near the river bottoms. Their homes were wooden frames covered with woven vines and saplings plastered with mud. Each community had a council house where ceremonies and tribal meetings were held. The council house was seven-sided to represent the seven clans of the Cherokee: bird, paint, deer, wolf, blue, long hair, and wild potato. Each tribe elected 2 chiefs. A peace chief who counseled during peaceful times and a war chief who made decisions during times of war. Towns classified themselves as red or white at any given point in time. A red town was in a state of war, under leadership of young men. A white town was at peace, with old men at the helm. (Bender 16). Cherokee was a matriarchy. The children took the clan of the mother and the relatives were traced through th e mothers family. Women had an equal say in the affairs of the tribe. Women could also be peace and war leaders depending on their standing ...

Research method of business Essay Example | Topics and Well Written Essays - 2750 words

Research method of business - Essay Example To demonstrate credential towards its stakeholders (society, consumers, and investors), that is concerned about ethical and environmental issues. Ongore & K’Obonoye (2011) defines corporate social responsibility as, ‘the idea of triple bottom line –people, planet and profit which aims to evaluate the social, environmental and financial performance of business enterprise (Ongore & KObonoye, 2011)’. The idea emphasizes that the organizations should not be focused to maximize its profit but also act responsibly towards environment and society. The increasing advancement in the social media has amplified the consumer to raise concerns regarding business practices of an organization. It has increase accountability of the organization toward society, consumers and stakeholder by undertaking ethical and environmental practices in its operations. However, Corporate Social Responsibilities remains to be debatable phenomena with respect to competitiveness, sustainabi lity, and globalization. Until now no particular definition for Corporate Social Responsibility is prose. Some of the researchers claim that CSR is the combination of approach towards social performance, social responsiveness, corporate governance, sustainable development, etc. However, the organization inclined to attain sustainable business practices to improve its positioning in the market for a longer period. Corporate Social responsibility is becoming and important phenomena for the business entities to benefit its stakeholders nu involving in social and environmental activities. Also, it is also argued that the CSR activities allow improving product quality, attaining customer loyalty and service quality. Corporate Social Responsibility associated with the internal production, distribution regulation, employment, and environmental protection/regulation and wages level. A report highlights that the retail sector accounts for one fifth of nonfinancial business enterprises in European Union

The Implications of MRSA on Wound Healing Case Study

The Implications of MRSA on Wound Healing - Case Study Example There have been confirmed reports that patients who are getting admitted to hospitals for the treatment are most affected group due to MRSA infection (Craig Brown, 2006). It was also found that patients who stay for longer period in hospitals are found to be infected with MRSA in higher rate. MRSA also affects the wound healing negatively. Hence the proper nursing treatment techniques and strict maintenance of hygiene is very much needed for effective cure of MRSA. It has been found in the research studies that MRSA worsens the conditions of wound healing and hence draws attention of medical personnel through out the world. The management of this disease has become more crucial especially in a community set up. The role of base level functionaries like nurses is quite phenomenal in successful management of this disease. Scotland also has a remarkable number of patients suffering from MRSA. It has become a frequent cause of nosocomial infection, its increasing prevalence posing serious therapeutic and infection control problems within the hospital environment. Extended hospitalisation and antibiotic therapy have been identified as additional risk factors for MRSA carriage and infection. It is not exaggerating to comment that MRSA is a major challenge to the burn patient, with potential to cause significant morbidity and mortality. Burn patients have been shown to become colonised and infected more readily than other patient groups. Extensive bu rn injuries are particularly susceptible to infection as a result of the disruption of the normal skin barrier and accompanying depression of immune responses. Microbial surveillance, epidemiological studies and the introduction of strict infection control regimes can definitely reduce the prevalence of MRSA but may be insufficient for eradication or prevention of outbreak situations if not accompanied with community awareness programmes in Scotland. It was found that nearly one fifth of patients who died after surgery in 2005 had developed an infection in hospitals according to a national survey in Scotland. A total of 126 people, 7.6% of those who died after surgery, had MRSA. In 75 of those cases, it was believed to have contributed to the patient's death. The report also revealed that almost half of the patients with MRSA had the infection when they were admitted. This survey was done for a considerably larger ample. There were 301,894 surgical admissions to Scottish hospitals in 2005, with 240,302 patients having an operation. In 17.8% of cases where the patient died after surgery, they had shown a hospital acquired infection (HAI). This can be compared with 23.5% of people who died after surgery in 2004 (MRSA watch, 2006a). These figures, from the Scottish Audit of Surgical Mortality showed an improvement in terms of MRSA management in Scotland in comparison with that of 2004. The implementation of MRSA infection control guidelines by all the nursing staff in Scotland is crucial in reducing the impact of MRSA on wound healing. Reports confirm that NHS Lanarkshire infection control teams have been responding to the problem by working to tackle the issue with a range of initiatives to help combat infection, including specialist infection control

Macro Factors that Affected Roosevelt’s Foreign Policy Initiatives Essay Example for Free

Macro Factors that Affected Roosevelt’s Foreign Policy Initiatives Essay A foreign policy is a country’s independent strategy or outline of how a sovereign state will deal with the rest of the world or how it will conduct its international affairs; this may encompass such fields as military, economy and politics. The contours of US foreign policymaking strategies were shaped to a large extent by the advantages conferred by geographical isolation of the country, lack of contiguous enemies, absence of historical baggage and the indomitable, independent streak of its early settlers who through their sheer perseverance transformed the vast wilderness of the American lands into an economic, political and military powerhouse unrivalled in the modern era. American foreign policy has seen its ups and downs ranging from a period of isolationism to active participation in world affairs to the unilateralism that characterized the Bush era. However, during the administration of Franklin D Roosevelt, American foreign policy was hobbled by the prevailing isolationist ideology and of course the economic conditions of that time. This essay examines the constraints that Roosevelt experienced in conducting the nation’s foreign policy and what events shaped the contours of Roosevelt administration foreign policy directions. During the American Revolution, The United States convinced France, Netherlands and Spain to join them in the war against Britain which was considered as a common enemy. However, after attaining independence, American foreign policy concentrated on regional matters rather than international matters. The country adopted the Monroe Doctrine which declared that America would not tolerate European interference in the Americas. However, soon thereafter American foreign policy took the stand of not interfering with other states affair in the periods before the First World War. The United States was initially not interested in involving itself in the First World War because it deemed it as a continental Europe affair. Woodrow Wilson as the President initially promised to preserve the tenets of neutrality but then was forced to enter the war on German provocation of disruption of American shipping by U boat attacks. After the war, Wilson initiated the 14 points program and created the League of Nations as also encourage idealism as an approach to international affairs. However, the imperatives of domestic politics rolled back America’s foreign policy directions away from the idealistic approach to its traditional isolationist stand. Roosevelt had internationalist views and wished to play a larger role in world affairs. However the Great depression preoccupied Roosevelt through most of his time. The Great Depression originated in the United States and had been triggered by the sudden collapse of the Stock market, which on 29 October 1929, crashed. â€Å"The shocks to the domestic US economy were a primary cause (Bernanke 2000, 5)† for the depression as the primary sector comprising of mining, farming and logging that had been listed on the stock exchange lost their share prices dramatically. This led to a panic amongst American investors who tried to keep out of the stock market and postpone their purchases of white goods. To get over the Depression, Roosevelt initiated a slew of economic reforms and measures collectively known as the ‘New Deal’. Roosevelt first sought to restore the confidence of the American people in the banking system by passing an Emergency Banking Act and creating a Federal Deposit Insurance Scheme. He embarked on massive public works projects like expansion of Dams, railroads and highways to provide employment to thousands of laid-off workers and cuts in military spending. These cuts in military spending further constrained foreign policy initiatives. The 1935 Neutrality Act passed by the Congress despite Roosevelt’s protestations further restricted the President’s foreign policy initiatives.   These were followed by the Neutrality acts of 1936 and 1937 that further tied down the President. The declaration of the Second World War in 1939, gave Roosevelt an unprecedented third term in office and a chance to redeem the US economy. At one sweep, unemployment was wiped out with youth being employed in the armed forces or in the industries to support war effort. Even then, the isolationists did not wish America to enter the war. Despite the administration’s efforts to reform the Neutrality Bill, the isolationists had a upper hand in the congress and succeeded in   obstructing the passage of the bill right until 1940 (Dalleck 1995, 191). It was only after Roosevelt steered the Lend-lease act and the surprise attack by the Japanese in 1941 that Roosevelt could get rid of the neutrality clauses and conduct the war with full vigor. Roosevelt used the Second World War to build American economy and guide its growth for America’s preeminence after the war. It was his vision and forbearance that allowed President Truman to follow a more ‘muscular’ foreign policy by declaring the famous Truman Doctrine and the Marshall plan that defined the pro-activeness of American Foreign policy from 1946 till to date. One can safely state that the considerable constraints of an isolationist’s tradition and the Great Depression hindered Roosevelt’s foreign policy initiatives, which he had to constantly battle to build America’s relevance on the international scene. Roosevelt succeeded admirably and set the stage for future American Presidents to embark on a more robust international role that today defines American foreign policy. Bibliography Bernanke, Ben. Essays on the Great Depression. Princeton: Princeton University Press, 2000. Dalleck, Robert. Franklin D. Roosevelt and American Foreign Policy, 1932-1945. Oxford: Oxford University Press, 1995.

Sainsburys Analysis and Recommendations Essay -- Business Management

Sainsburys Analysis and Recommendations Management Styles There are three main types of management styles. These are autocratic, consultative and democratic. Autocratic ---------- The autocratic management style is one where the manager is used to give instructions. They tell people what to do instead of asking for their opinion on the matter in hand. The manager is the only person contributing to the decision making process in the business. Consultative ------------ The consultative management style is where managers consult other people before making a decision. This management style is the opposite to autocratic. This type of management style wants to collect more sources of information and opinions before any final decision is made. To do this successfully the business will have good communication channels so that the employees are able to give their opinions easily. The consultative manager will have to have listening skills and also the ability to create the right sorts of channels to consult other people. Things such as newsletters team briefings or suggestion boxes could be introduced to gather employee's ideas and opinions. Democratic The democratic management style involves empowerment. Individual employees and teams are given the responsibility to make their own decisions. The individuals or team is then held responsible for the decisions that it chooses to make. The manager will have to feel comfortable with their employees and have a good understanding of them and decisions that they are making so that he/she doesn't fall behind on what the business is doing. They will need contin... ... communication within stores would make the employees feel more part of a team. If sainsburys were to relay less on post-it notes stuck on walls and actually speak to individuals about issues in the store I think employees would feel happier. As I discussed before, daily team talks with employees who started first thing. These would only last five minutes and be about issues that employees would need to know for example how much the store is taking, how much it needs to take to reach its target, things to look out for e.g. doggie cheques. Each department would do this. Employees who didn't start first thing would have to read this team talk and sign it before starting work. If employees found working more enjoyable and it had more of a team atmosphere within sainsburys it would hopefully lead to a lower staff turnover.

Project Quality and Risk Management

Phase 5-DB Project Quality and Risk Management PM610-Project Management, Execution, and Closure Risk is best defined basically as the potential to suffer a loss of some sort. Risk analysis is the process of defining and analyzing the dangers to individuals, businesses and government agencies posed by potential natural and human-caused adverse events. In IT, a risk analysis report can be used to align technology-related objectives with a company's business objectives.A risk analysis report can be either quantitative or qualitative. (Search Mid-Market Security 2010). Now that we understand what risk analysis is, ley us examine the two types: qualitative and quantitative. Qualitative risk analysis is the most popular and does not involve any numerical probabilities or predictions of loss. The qualitative method certainly does involve defining the various threats, determining the extent of vulnerabilities and devising countermeasures should an attack occur.Quantitative risk analysis atte mpts to numerically determine the probabilities of various adverse events to the likelihood of the losses if it is a particular event that takes place. Qualitative risk analysis is appropriate to use when you need to determine which risk are important enough to manage. On way is to identify the severity of the impact to the project in terms of high, medium, or low. Also when you want to estimate the probability of the risk occurring in terms of high, medium, or low.So getting a quick estimate, not so much as counting them, will help to gauge how the project is doing in the project life cycle. Quantitative risk analysis is appropriate to use when your objective is to calculate the numeric values for each component of the data gathered during the risk assessment and the cost benefit analysis. For example, the true value of each business asset in terms is estimated in terms of what it would cost to replace it, what it would cost in terms of lost productivity, what it would cost in term s of brand reputation, and other direct and indirect business values.The process requires the user to attempt to use the same objectivity when computing asset exposure, cost of controls, and all of the other values that are identified during the risk management process. (Information Network and Security, 2013) For the IRTC customer service system project, I think I will use both the qualitative and quantitative risk analysis methods to some degree. Using the qualitative risk method will take into consideration the additional funds and resources needed as well as the extra hours it will take to complete the add-on to the project.The quantitative method will help manage the risk factor whether high, medium, or low to show the vendors, the project team and management what to tackle first. This will be especially helpful as the change request is going through appropriations. References Rouse, Margaret (2010). Definition Risk Analysis Retrieved on 19 March 2013, from www. searchmidmarket security. techtarget/com The Security Practitioner (2013). An Introduction to Information, Network and Security. Quantitative Risk Assessment. Retrieved on 20 March 2013, from www. security. practitioner. com