Democracy in Israel and France Research Paper Example | Topics and Well Written Essays - 1750 words

Democracy in Israel and France - Research Paper Example Free, Fair, Competitive Elections Democracy is a system that guarantees the freedom of expression and human rights in a country, as well as free and fair elections without discrimination, and as a result, protecting civil and political rights of citizens. In December 2011, Israeli vice president, Moshe Yaalon, declared that majority of the Arab countries were not ready for democracy. This is because of the previous deaths, which occurred in an attempt to fight dictatorship in these countries. The Israel vice president argued that democracy could be achieved through fair and free elections. However, the Palestinians argue that Israel call for democracy is hypocritical, mainly because the Israel government refused to accept the 2006 election results, which were perceived to be free and fair (dawn.com Para 5). As a result, Israel is hypocritical when it claims that it is democratic, in the election process. France is a Western European country, having a population of approximately 61million and is among the successful countries globally. It is a republic compromising of both presidential and parliamentary systems of government. It is considered democratic, with the parliament system being common; however, it has constitutional limits, which include the legislature’s power to bring down a government among others. Needless to say, France is democratic on how it conducts its elections. Freedom of the Press According to the world audit, Israel is rated as number 36, whilst France is at number 24 (World Audit 2011). France has an independent media, where freedom of communication and speech is valued as a human right. As a result, the French are allowed to speak, write, or print any article; however, they are held responsible for abuse of this freedom. France guarantees freedom of the press, which is supported by the 1881 Act on freedom of the press; however, it contains restrictions, which are aimed at balancing freedom of expression, citizen protection, and maintaining law and order (French embassy Para 2). The France law also punishes any acts of defamation and slander, as well as offensive speeches or contemptuous; therefore, the freedom of the press in France is conditional, and as a result, her democracy is flawed. Israel’s drop in press freedom was because of its press regulations on international media early in 2009. Journalists were arrested and even imprisoned, with

Discussion Between Shareholder Value Perspective And Stakeholder Perspective Economics Essay

Discussion Between Shareholder Value Perspective And Stakeholder Perspective Economics Essay Firstly, it is necessary to understand some definitions of shareholder , stakeholder and the theory of shareholder and of stakeholder . Why there has been many debates between two theories ? Shareholder is an individual or corporation owning stock in a public or private company. Shareholder decides the membership of the board of directors by making a vote . ( Mc Graw Hill , 2003). Maximising shareholder wealth means maximising the flow of dividends to shareholders through time there is a long-term perspective . ( Glen Arnold, 2008 ). Stakeholder are groups and individuals who get benefit from or are harmed by, or whose rights are contravened or regarded by, corporate actions . The list of stakeholder commonly includes customers, employees, suppliers and the community like shareholders and other investors. As stated by Frederick R.Post , shareholder theory supports that management is allowed to ignore the interest of the the other constituencies while pursuing the interest of the shareholder owners. Moreover, in the perspective of finance, shareholder wealth maximisation is accepted as being obvious logically ( Anant K. Sundaram , Andrew C. Inkpen, 2004) . The stakeholder theory has initial root in the research involving business , society and ethics. The first argument is supported to this theory by Freeman (1984). The stakeholder theory says that managers should pay attention to all stakeholders in a company , including not only financial claimants, customers, communities, governmental officials but also under the environment, terrorists or even blackmailers ( Michael C. Jensen , 2001). According to Thomas L. Carson, corporation should be operated for all stakeholders, not just for the shareholders. However, here are some misled understanding of shareholder theory and stakeholder theory needed to be explained . Sometimes people think that manager can do everything as long as getting profit regardless of ethical issue. But the shareholder theory forces manager to raise profit only through legal, nondeceptive means ( Friedman, 1962 ) . Moreover, it is sometimes said that shareholder theory is not willing to give corporate funds to charitable projects or training employees, but in reality when employees are trained , their skills are improved and maybe the effective work is better then ever before. Also the stakeholder theory is misunderstood that it does not require a firm to focus on profitability. Although the primary objective of the stakeholder theory is the concern of involving parties, it must be attained by balancing the interest of all stakeholders including all shareholders. In my opinion, shareholder wealth maximisation should be a superior objective over stakeholder interest . Some academic argue that there is a factual and normative consensus that corporate managers should act exclusively in the economic interests of shareholders and that the best means to this end the pursuit of aggregate social welfare is to make corporate managers strongly accountable to shareholder interest ( Hansmann and Kraakman,2000, pp 1 and 9). The logic in factual consensus shows that economic compels managers to maximise shareholder wealth by mass series of different propositions like that firms can be operated effectively thanks to perfect competitive markets for goods and services . After that the pursuit of economic efficiency creates firm-wealth maximisation and the firm wealth maximisation matches shareholder wealth maximisation ( Sundaram and Inkpen, 2004 ). Then competitive market also puts pressure on managers to maximise shareholder wealth. The logic for standa rd consensus illustrates that economic efficiency maximises social welfare. However, the market is not perfect , there are many conflicts of interest that shareholders can benefit by taking from other stakeholders. For instance, they can renegotiate contracts under changed conditions or adopt an investment policy that redistribute wealth from other stakeholders. Doing favour to shareholder is dependent on their situations., firms shareholders are closer to financial default which does not care much their reputation . With the assumption is that perfect competitive market, any firms always want to increase share prices benefits shareholders . It is carried out by selling, buying or holding their shares. But if we skip these assumptions, unanimity can leave. Foe example, if managers know something that investors do not know and realise that the intrinsic value in the stock is higher than its market value. Therefore, what shareholder wealth maximisation is unclear. It depends whether s hareholders want to keep or sell their shares. If shareholders want to sell, managers could involve in various costly signaling actions to correct the potential mis-pricing. Adversely, if shareholders do not want to sell, signaling activities are less logical. We also raises questions about the experiences foundations that managers are not even willing pay lip services that they want to maximise shareholder wealth. Because for whatever reason, managers are not ready to publicly approve shareholder wealth maximisation with much enthusiasm. In contrast, they prefer to seeking several targets and shareholder wealth is often not one of them. Furthermore,they are reluctant to show ranking for the various targets they pursue, and even if they do, there is still less evidence that shareholder wealth maximisation plays the top priority . The stakeholder theory also has drawback like that how to realise corporate social responsibility , for example how to consider all stakeholders interests appropriately which is often flawed in that they do not take into account the various essential conditions and institutional restrictions of corporate decision making as to the problems of behaviour by the people who influence corporate decisions. Moreover, corporate governance is involved in how business company should be controlled legally. Management has a fiduciary task to serve the interest of shareholder and shareholder wealth maximisation should be objective of the company prescribe how strategy and investment decisions can be made. They show us little about how managers actually do their duty of managing a company to create value for shareholder . There are some ways that stakeholders can be treated unfairly, and each unequal treatment might rise efficiency at the expense of another. Thus, economic system is required to ens ure the basis fairness and managers have responsibility to behave toward all stakeholders with fairness and moral concern. A situation can be caused for stakeholder management, then if these legal obligations are insufficient to make sure the equal treatment of all stakeholders. Just corporations should defend and assist the interest of all stakeholders, they should behave all stakeholders fairly. From the above definitions, we can see that shareholder is one of the dimensions of stakeholder. But if we thinks that considering stakeholder interest as superior over shareholder wealth , it also means we must pay attention to all objectives of stakeholder interest . It is difficult to practice this because various stakeholders has conflicting or different objectives . Shareholder wealth maximisation is a single-value objective focusing on the owners of a company. Shareholder wealth maximisation supplies guide of workable decision as well as support the total value creation of the firm if pursued. In turn, it promote each group reach a greater share. Employees who finding expanded benefits are more likely to obtain these goods if the firm is prospering. And the same argument can be developed with suppliers, customers or investors and other stakeholder group It does not mean that stakeholder is disregarded comparing the owners. Reversely, the interest of other constituencies is need ed being aware but the owner is considered first. Because the objective of a firm is to maximise shareholder wealth in the long run , and the shareholders is real owners of a firm. They establish a company to get profit . But to get profit , they must have management strategy for community, employees and customers. Therefore whether they operate their company in which way , the final objective is always to maximise shareholder wealth. The problem is that should we view shareholder wealth maximisation as higher-ranking objective than stakeholder interest or just taking into consideration shareholder value maximisation ignoring the interest of other constituencies ? The answer is that shareholder wealth maximisation should be a superior over stakeholders interest combining the taking account of other constituencies. Furthermore, to get shareholder wealth maximisation in the long run, a company must care customers, environment. It is obvious that in reality, a company want to survive a nd operate successfully , it should have many strategies to pay attention to customers such as after-sale services, promotion. Enron case is a remarkable example to show the failure of shareholder theory in pursuing shareholder wealth maximisation not paying attention to stakeholders interests. 2001 was the year with the largest bankruptcy reorganisation in American history, it made stock price fallen and Enron is a superlative illustration of largest financial fraud. Enrons stockholders and employees are the most visible victims, and 4000 employees were quitted around the bankruptcy time . Besides, the failure of Enron was because of that the pursuit of intermedia shareholder wealth made it involved risk prone and caused to misapply economics . It requires too much from strategies with regard to the increase in earnings per share. Academic explains shareholder wealth in the mention of management practices that increase productivity. In recent year for fair investors, the practice of shareholder wealth maximisation does not mean patient investment. As an alternative it gets obsessed with short term showing n umbers. In Vietnam, Vedan case is also extraordinary example in the showing the failure of not paying the environment. It is a Taiwanese company specialising in producing monosodium glutamate in Vietnam. Vedan Vietnam was discovered discharging thousands of cubic meters of untreated toxic wastewater directly into the Thi Vai River for nearly fourteen years . It polluted seriously the river basin resulting in economic damage, negative effects on life and health of farmers in the region. As the result, Vedan company must pay 120 millions offered by the damaged provinces. And vedan company agree to pay condensation from now to 2011. And there is worthy-sad truth is that Vedan has been being boycotted gradually in Vietnam. These are two examples making clear that the failure of pursuit shareholder wealth maximisation not caring community. Besides, there are still lot of companies running successfully for a very long time because they know well how to maximise shareholder wealth accompanying care of other constituencies . In conclusion, shareholder wealth maximisation should be a superior objective over stakeholder interest. However, to get maximise shareholder wealth in the long run, a firm must pay attention to stakeholder interest . Therefore, a firm want to operate successfully, besides maximising shareholder wealth, it should satisfy the interest of stakeholders.

Feminism Essay -- essays research papers

I have been exposed to many forms of feminism. Many different ideas, concepts, and situations have been brought to my attention, enabling me to formulate my own loose definition of feminism, and to take those concepts with me to utilize in my life as a woman in order to obtain the life I deserve. To first understand feminism, one must be aware of the factors and forces that made—and still make—the fight for women’s rights such a relevant necessity. For example, women are mistreated and undervalued in athletics. Sharon Lennon, author of What is Mine, was taught this lesson young, as an excellent female softball player on a male team. After asking to play catcher in a game, the coach responded, â€Å"All right†¦but you’ll have to wear a cup† (Lennon, 215). This continues through less attention and money allotted to female teams, as well as fewer and lower-valued scholarships for female athletes. In academics, women also suffer from sexism at the hands of sexist males in higher positions. In her essay High School Lowdown Miranda J. Van Gelder recounts numerous clear cut instances of such sexist acts as male teachers asking female students to lift up their skirts, making comments referring to the girls taking their ‘rightful place in the kitchen,’ and referring to girls by demeaning pet names (Van Gelder, 305). According to Myra and David Sadker’s â€Å"Failing at Fairness,† boys receive more challenging questions, more attention from the teacher, and more helpful feedback. From elementary through college, girls receive less and lower quantity instruction, fewer scholarships, and suffer economic penalties after college: ‘female’ jobs are poorly, while women in ‘male’ jobs are still paid less then men in the exact same jobs (Sadker, 90). Inequality is clearly and painfully evident in the workforce. Twelve million women work full time in jobs which pay below the minimum wage. White women received only 71.2% of a white man’s earnings as of 1995, while Hispanic and black women only made between approximately 53% and 64% of a white man’s salary (Wage Gap, 86). While women comprise up to 50% of professional employees, they hold less than 5% of the upper level and senior management positions. As Mary Mattis found out, â€Å"60% of human resource managers who participated in [her] study reported that putting women in line jobs was perceived as risky† (Lopez, 82). it can only be â€Å"pe... ...efforts, seeing more suffering than benefits, knowing the benefit will grace their posterity. These amendments and revolutions must also be in the benefit of a diverse group of women, embracing them all; otherwise, feminism could not be called a fight for women’s rights if it left any women unaccounted for and uncared for. women are separated when diversity is mishandled and ignored. Not all women’s experience are going to be the same, and just because they are not the same does not mean that one is not just as valid as the next. From this class and my comprehension of its content, I have seen my own compliance to patriarchal enforced ideals and I have begun to challenge that. My speech, thought processes, and confidence have already been effected and are reflecting the evidence of my new knowledge. I will push for what is withheld from me but that I deserve as a woman. I am holding me head higher, knowing that I am worthy of better treatment than I receive. I will stop visualizing myself as I appear to others when I walk into a room, analyzing my every move myself! I deserve to be respected, not treated as an object, either by strangers†¦.or myself.   Ã‚  Ã‚  Ã‚  Ã‚  

Rising Unemployment in Pakistan

Unemployment is enforced idleness of wage earner who is able and willing to work but cannot find jobs. In societies like Pakistan where most people earn their living only by working for others being unable to find a job is a serious problem. In Pakistan population pressure lower the economic growth rate and resulting in poor or slow growth of country economy. According to the survey report the rate of unemployment in 1998 was 5. 50 percent which increased to 7. 82 percent by the year 2003. Thus the rate of unemployment in rural areas was 5 percent which increased to 69 4 percent, while the rate of unemployment in urban area was than 9 percent which increased to 9. 9 percent by 2003. In Pakistan 50 percent of our population is composed of women who are treated as out of the work force. Unemployment in Pakistan is increasing due to various causes but if these things can be controlled than unemployment rate can automatically decline. Rapid Population Growth: Rapid growth in the population is the main factor which is worsening the situation, but Pakistan is one of the most populated countries of the world with annual growth rate being nearly 3 percent. It means that about 1 million workers are added yearly to the existing labour force which calls for creating job opportunities. Increase in population contributed much in rising unemployment rate in Pakistan and if the population growth keep on increasing with the same ratio than it will create more problems. Uncertainty and unrest in the country: Uncertainty and unrest in Pakistan and the worsening law and order situation has played an important role in transferring the business to other countries, no foreign investors feel secure in investing in such a country in which their businesses are not secure. In Pakistan due to weak political system and unstable government structure. No foreign companies want to invest in unrest environment which become the cause of unemployment because of lack of jobs opportunities in the country. Karachi is the biggest industrial base of Pakistan, but investors are reluctant to invest there because of unrest and violence. If we really want to reduce unemployment rate in Pakistan so first steps should be taken for controlling the worst law and order situation in the country. Education system of Pakistan Deplorably low rate of literacy and deterioration in standard of education in the educational institutions contributed much in increasing unemployment rate. Our educational system is also responsible for increasing unemployment rate among the educated youth. Education system is divided into different categories. Students studying in government institutions will be less aware about the new technologies, ideas for surviving in this competitive world and unemployment rate is higher among such students. Besides education the attitude of our youth towards the choice of a career is unrealistic and unproductive. Rapid mechanization and computer technology also causing unemployment. Pressure on one Industry: In country like Pakistan where resources are not equally distributed in all sectors of the industry so in this way pressure on one particular industry and profession is a natural outcome. Previously for girls medical profession was the best choice and for boys engineering was the best options but now with the industrialization and urbanization things are changing with the boom of new technologies new industries are emerging and making the values in the market, I. T field is one of it and majority of the young generation want to join I. T industry and want to pursue it as a career because of availability of resources and it’s rising scope. So things are not handled in appropriate manner, as the vacancies are less but job seekers are more than. After I. T young generation are running behind commerce industry and majority of them have the degrees of MBA and BBA but their degrees are not paying them despite of the fact that they had paid huge fees and time in completing the degree and hoping for the better future in this field, but in return they didn’t get the 100 percent results which was expected by them. So, pressure on few industries results in lack of opportunities and work force in other sectors and they become the neglected sectors of society because no one is willing to pursue the career in them. Importance of all industries should be highlighted and equal opportunities and facilities should be provided in all sectors so that no particular industry or profession face the burden which later on results in job shortage and unemployment. Economic Depression: Another reason why unemployment occurs is when there is a great economic depression, or now becomes famous with the term â€Å"global recession†. When economy fall down, many are becoming affected, most especially the employees. During this kind of situation, employer and other business owners will be force to reduce their workers in order to cope up with the right wages of the workers. There are so many causes why people become unemployed. However, the answer to this problem is still within your decision. Bear in mind that being unemployed can be voluntary or involuntary, thus, you can still make the best choice for your life, and that is to be employed or to remain unemployed and jobless at all. Whatever the cause of being unemployed if a person will still pursues to look for a job and become employed then there is no reason for you to stay unemployed. Some Suggestions: Economic Revival package should announce by the government for the revival of industries sector, to stimulate production and investment. Government should try to boost exports through broadening the tax base and lowering tariffs. Government should announce multiple packages for the development of agriculture sector. A number of fiscal and monetary measures should take attract industrialists and particularly foreign investment. Technical training facilities should be provided. In this way unemployed people will get a chance to enhance their skills and become able to earn more reason able income.

Proton

* 1. INTRODUCTIONPerusahaan Otomobil Nasional Berhad (PROTON) wasincorporated in May 7, 1983 to manufacture, assembleand sell motor vehicles and related products, includingaccessories, spare parts and other components. PROTON produced Malaysias first car, the ProtonSaga, commercially launched on July 9, 1985 by formerMalaysian Prime Minister, Tun Dr. MahathirMohamed, who had originally conceived the idea of aMalaysian cars. Toyota Motor Corporation is the market leader inautomotive industry and the worlds largest motorvehicle manufacturing groups.It sell about 7,234,439unit of all type of vehicles in 2009. * 2. BENCHMARKPROTON benchmark is based on Toyota Motor Corporation . ToyotaMotor, the worlds largest automotive manufacturer (overtaking GM in2008), designs and manufactures a diverse product line-up that rangesfrom subcompacts to luxury and sports vehicles toSUVs, trucks, minivans, and buses. Its vehicles are produced either withcombustion or hybrid engines, as with the Prius. To yotas subsidiaries alsomanufacture vehicles: Daihatsu Motor produces mini-vehicles, while HinoMotors produces trucks and buses.Additionally, Toyota makes automotiveparts for its own use and for sale to others. Popular models include theCamry, Corolla, Land Cruiser, and luxury Lexus line, as well as the Tundratruck. In Asia, they generates almost 40% of sales. * 3. VISION†¢ They strive to become a successful Malaysian Automotive Manufacturer globally by being customer oriented and producing competitively priced and innovative quality products. * 4. MISSIONOur Company history is one of the remarkable achievements ofwhich we are proud(1) of.In our pride lies the vital energy thatdrives us forward and forces us to take on new challenges. Notonly our customers but also our business associates andshareholders need to trust our ability and rely(2) on us todeliver on our promise of quality. We continually strive toexpand our knowledge(3), skills and expertise in order to findbetter sol utions and produce better results. As a nationalproject, Proton is also committed to lead in the acquisition ofintellectual capability in design and technology(4), which willpropel the nation to achieve the status of an industrialisednation.With people as our primary focus, we are committed tobuilding a friendly organisation, sensitivity to customers needswith clear communications leading to mutual understandingand care(5). * 5. CHARACTERISTIC OF MISSION 1. Philosophy †¢ Proud 2. Self – 5. Customers concept †¢ Caring †¢ Reliable Mission element 4. Employees 3. Technology †¢ Knowledgeable †¢ New technology * 6. OPPORTUNITIES†¢ Replacement model make an increasing sales about 40. 7%. †¢ Joint venture with other company. †¢ The development of concept car(Nissan)†¢ Rising oversea demand about 20. % * 7. THREATS†¢ Global financial crisis effect the vehicle sales are tipped to fall 12. 4 per cent in 2009. †¢ New product from ot her companies with better technology. †¢ Gas price up almost 30%. †¢ Local competitor, Perodua or Perusahaan Otomobil Kedua has surpassed Proton in sales. * 8. The External Factor Evaluation (EFE) Matrix WEIGHTED OPPORTUNITIES WEIGHT RATING SCOREReplacement model make anincreasing sales about 40. 7% 0. 08 1 0. 08Joint venture with other company 0. 2 2 0. 4The development of conceptcar(Nissan) 0. 09 3 0. 7Rising oversea demand about 20. 7% 0. 12 4 0. 48 * 9. WEIGHTED THREAT WEIGHT RATING SCORE Local competitor, Perodua orPerusahaan Otomobil Kedua hassurpassed Proton in sales. 0. 23 3 0. 69Gas price up almost 30%. 0. 08 2 0. 08Global financial crisis effect the vehiclesales are tipped to fall 12. 4 per cent in2009. 0. 08 4 0. 32New product from other companieswith better technology. 0. 12 3 0. 36 Total 1. 0 2. 68 * 10. STRENGTH†¢ Strong R&D (R3)†¢ Revenue per employee. †¢ Government Linked Company (GLC)†¢ Employee morale is excellence. The market share of 56. 9% in the industry. * 11. WEAKNESSES†¢ Quality of product is still lower compare to competitor product. †¢ Employee is lacked of technical skill. †¢ Had suffered a net loss of RM60. 1mil for its third quarter ended Dec 31 because of restructuring expenses incurred by its sports car division, Lotus Group International Ltd. * 12. SWOT MATRIX Click this * 13. BCG MATRIX FOR PROTON BHD * 14. †¢ From this graph, it shows that the Proton Bhd. market share was about 25% and industry sales growth rate is -5%.From the result, we consider of three types of strategies which is divestiture, product development and market penetration. * 15. DOGS STRATEGY1. Divestiture. 2. Product Development. 3. Market Penetration. * 16. DIVESTITURE†¢ By using this strategy, the company should focus more on their core business only because of it is in DOGS requirement. Divestiture often is used to raise capital for further strategy acquisition or investment. For example proton must reduce the production of Proton Juara and Tiara because the car demand is low and difficult to find spare part and make up the car.The reason is longer proton produce the car the inventory turnover will be higher. * 17. PRODUCT DEVELOPMENT†¢ In this strategy, our company needs to gain endeavor to incorporate select technologies and manufacturing expertise such as from Nissan Motor Co. that could lead to potential cost savings in capital expenditure and research and development (R&D) for the national carmaker. * 18. MARKET PENETRATION†¢ In this stage, Proton must consider getting a third party to use its plant for a long-term planning for better utilization of plant capacity. Proton can go and get technology from a small company as many big companies in South Korea, Japan and Europe were using them to design their cars. * 19. BALANCE SCORECARD FRAMEWORKStrategies Priorities Goal Target StrategyFinancial Increasing sales of New Focus on developing proton product demographica l country. areasCustomer Attract more people to Young and the Made sporty car model buy proton car middle age people that can attract customersManager / Increase Working Potential worker Send them oversea toEmployee performance strengthen skill and expertise