Philosophy Of Islamic Banking Finance Essay - Free Essay Example

Sample details Pages: 5 Words: 1448 Downloads: 1 Date added: 2017/06/26 Category Finance Essay Type Argumentative essay Did you like this example? A banking system that isÂÂ  based onÂÂ  the principles of Islamic law (also known Sharia) and guided by Islamic economics is known as Islamic banking. Two basic principles behind Islamic bankingÂÂ  are the sharing of profit and loss and, significantly,ÂÂ  the prohibition of the collection and payment of interest. Economic justice requires a viable economic system supported by an efficient banking system. Don’t waste time! Our writers will create an original "Philosophy Of Islamic Banking Finance Essay" essay for you Create order Interest based banking has proved to be inefficient as it fails to equitably distribute wealth which is necessary for the well-being of manking.On the other hand Islamic banking is efficent and ensures equitable distribution of wealth thus laying foundation for an inflation free economy and socially responsible banking.(The global finance crises,M.Kabir Hassan.) Objections Mr.Saqib Omer Saeed says When people come across such Islamic banking products as Ijarah or lease, they wonder if its the same that which a conventional bank offers. If we look closely Ijarah Muntahiya (Islamic Leasing Product) is very similar to the finance lease provided by a conventional financial institution, except the difference of the insurance cost (Takaful / Islamic Insurance) which has to be borne by theÂÂ  lesseeÂÂ  in the Islamic mode and it is built in the rentals. Another objection is the use of intrest rates as a benchmarking. Another objection against Islamic Banks is regarding their transactions with commercial banks including how some commercial banks have opened up Islamic banking branches. It makes one wonder whether the money being used in such transactions is free of interest or not? Reservations Some users of islamic financial services says that islamic banking is only a change name for conventional banking.Because they charge fee to the loan they give out which is equal to the interest that other commercial bank charge.That is why islamic banking appears to operate and give the similar type of return that conventional bank does to the people. Evaluation of objections and reservations Banking is such a sector which not only rules the economy of a community but a country well. The comparison to this effect makes the researcher more clear and Islamic scholars more informed about interest and its applications in the formal banking sector. The formal banking practices and the interest prohibitions if put in comparison can guide the bankers to develop a system to some extent free from interest. Interest has been very extensively applicable in the society its a new term regarding financing by lending. Financing by lending takes two shapes i) loans with service charges and ii) Qarz-e-Hasana. The names are popular in Islamic society but the conventions in banking takes the shapes which are not normally acceptable to the Islamic society.(Interest free economy model,M.Arif.March,2012). Philosophy of Islamic banking. ÂÂ  The philosophy of Islamic banking is derived from Islamic Shariah.According to Islamic Shariah, Islamic banking cannot deal in transactions involvingÂÂ  interest/riba (an increase created or sought over the principal of a loan or debt). ÂÂ  Further, they cannot deal in the transactions having the element of risky sale. Moreover, they cannot deal in any transaction, the subject matter of which isÂÂ  invalid (haram in the eyes of Islam). Islamic banks focus on generating returnsÂÂ  through investment tools which are Shariah compliant as well. Islamic Shariah linksÂÂ  the gain on capital with its performance. Operating within the principles of Shariah, the operations of Islamic banking are based on sharing the risk which may arise through trading and investment activities using contracts of various Islamic modes of finance.(Burj Bank limited ,july 27 ,2011). Development The Islamic banking system is currently spreading fast through many Arab andMuslim countries. The success of this new system is indicated by the rapid growth innumber of banks, branches, accounts, and sums of money it handles. This enormoussuccess has caused some Western style commercial banks, in Sudan for example, toconsider changing to the Islamic banking system. It is also drawing the attention of thegovernments of some Muslim countries to seriously supporting the system. (B.A Bashir, Successful development of Islamic bank). Areas of operations The areas of operatons of Islamic banks are as follows Non fund based transactions Non fund based transaction are those in which there is no outlay of funds or the transaction of funds is not involve.For all practicle purposes Islamic bank transact non fund based business and provide all of its services against approprate fee and charges.Here the assurance is given by the bank if the principle party defaults the bank is liable to pay to beneficiary. Investment activities The Islamic bank prepare savings, investment and other financial resources and also participate in providing equity and funds to entities like joint stock companies working under the Islamic banks. Some most commonly used modes of financing are Murahaba; In a murabaha transaction, the bank finances the purchase of a good or asset by buying it on behalf of its client and adding a mark-up before re-selling it to the client on a cost-plus basis. Musharakah; It means a joint enterprise in which all the partners share the profit and loss of the joint venture. Baimuajjal; Islamic banks have also been resorting to purchase and resale of properties on a deferred payment basis, which is termed bai muajjal. It is considered lawful in fiqh (jurisprudence) to charge a higher price for a good if payments are to be made at a later date. Leasing or ijara; is also frequently practised by Islamic banks. Under this mode, the banks would buy the equipment or machinery and lease it out to their clients who may buy the items eventually, in which case the monthly payments will consist of two components, i.e., rental for the use of the equipment and instalment towards the purchase price.(M.Arif, University of Malaya, sep 1988). 3) Social activities The Holay Quran says If you loan to Allah a beautiful loan, He will double it to your credit (64:17) The Quran calls on all its followers to care for and support the poor and needy peoples. Islamic financial institutions are expected to provide special services to those in need. This is not confined to mere charitable donations but has also been institutionalised in the industry in the form of profit-free loans or Al Quard Al Hasan. An Islamic banks business includes certain social projects, as well as charitable donations. Islamic banks provide profit-free loans. For example, if an individual needs to go to hospital or wants to go to university, we give what is called Quard Al Hasan. This Quard Hasan is normally given for a short period of one year and the Islamic bank does not charge anything for that. (AL Burka bank). Financing under profit and loss sharing system The profit-and-loss sharing system has its roots in the ancient form of financing practiced by Arabs since long before the advent of Islam. After the introduction of Islam, this system was permitted to continue and was consider right as a finance instrument. For this historical reason, scholars consider profit-and-loss sharing financial instruments to be the most real and most promising form of Islamic contracts (Ariff, 1982). Mudaraba (finance trusteeship) and Musharaka (equity partnership)are two such financial instruments based on the profit-and-loss sharing system, where instead of lending money to an entrepreneur at a fixed rate of return, the financier shares in the ventures profits and losses.In this mode of financing the risks and losses are shared by the financer along with the enterpreneur in the ratio of their respective capitals while the profits are shared in an agreed ratio.(The Economist 2001). Potential of Islamic banking Islamic world has a tremendous potentials.It has about 20% of the world population and as much of its land mass.It produces half of the worlds oil and accounts for 40% of world export of raw material.The establishment of islamic banks is a recent phenomena and in short period of time ,over 100 islamic banks and financial instutions have been established in throughout the world. Recommendations To deliver top quality service to ensure that service standard of Islamic banking institutions isat par with conventional banking institutions. Aggressive marketing must be made in order to ensure that Islamic banking reaches the highest point in quickest possible time. The conflicting confusion and doubts must be removed from the mind of a general customer. Islamic banking rules should be uniform worldwide. Conclusion Dont find Islam in Islamic Banking. Implement Islam on youself then your economy to banking shall automatically be Islamic. The more we emphasize on the Islamization of Islamic banking, the more we will need to have an Islamic economy and the more we would want an Islamic economy, the more we will have to be good Muslims in all aspects of our society.

Examples Of Intercultural Conflict - 912 Words

When dealing with an intercultural conflict, it is important to keep in mind the cultural differences that keep either side from approaching the situation in the same manner. This paper will illustrate a conflict between a Vietnamese teacher and an American teacher. It will then explain the way that the Vietnamese culture views conflict. Followed by the way an American would view conflict. Finally, it will explain how both sides could proceed when dealing with another intercultural conflict. This example of conflict appears to be very simple but given that the Vietnamese culture is a collectivist culture; it can be very complicated. In this scenario, we have an American teacher, a Vietnamese teacher, and a class of second graders. The†¦show more content†¦A collectivist culture is high-context, meaning that this culture does not use direct language or is straight forward with their problems. In collectivist cultures, it is known for the people to not acknowledge hostility or issues that they face. Conflict avoidance is viewed as a strategy of conflict resolution (Dsilva, Whyte, 1998). In this situation, the Vietnamese teacher was doing what her culture has taught her to do; see an issue and not address it to avoid any more issues. It is very common for someone in a collectivist culture to give someone in their in-group the benefit of the doubt. It is a way for the Vietnamese teacher to show respect to the heads of the school board to not question the standards that they have set (Dsilva, Whyte, 1998). The American, on the other hand, approaches the way differently. The American teacher, true to being an individualist, believed that the only way to deal with the problem was to meet the problem head on. Due to the avoidant nature of the Vietnamese teacher, he became frustrated for the lack of physical resolution. In conflict resolution in individual cultures, there is a goal that has to be attained that leads to outcome satisfaction (Ohbuchi, Fukushima, Tedeschi, 1999). For the American teacher, this goal was to confront the school board and since that was never accomplished the conflict was never resolved forShow MoreRelatedGran Torino Film Analysis Essay1531 Words   |  7 PagesMorehead Intercultural/International Communication 10 June 2012 Cultural conflict and popular culture are two experiences in life that assist in defining intercultural communication and how its influence affects our daily intercommunication. Cultural conflict is inevitable as we live out our daily lives in the identities we have selected for ourselves, the identities relating to our ethnicity and in those identities others have selected for us. These identities are bound to conflict with anotherRead MoreGran Torino Analysis1533 Words   |  7 PagesMorehead Intercultural/International Communication 10 June 2012 Cultural conflict and popular culture are two experiences in life that assist in defining intercultural communication and how its influence affects our daily intercommunication. Cultural conflict is inevitable as we live out our daily lives in the identities we have selected for ourselves, the identities relating to our ethnicity and in those identities others have selected for us. These identities are bound to conflict with anotherRead MoreExploring Gottman Method Therapy And Cognitive Behavioral Individual Therapy1483 Words   |  6 Pagesof both theories, one can integrate and adapt case conceptualization to meet the needs of diverse clients. For this paper, I will be examining the diversity within couples and families through the lens of intercultural marriage. Biever, Bobele and North (1998) stated that the term intercultural represents a broader range of cultural variables on which couples differ, in particular differences within race, ethnicity and/or religion. For this p aper, the specific diversity emphasis is with two clientsRead MoreSummary Of Elizabeth Diazs I Am My Member 1505 Words   |  7 Pageschange due to death in the family of her grandfather. Living the African American experience is the usual statistical phenome of survival. The ladies in my groups the potential conflict we have a different nationalities Filipino. Mexican, White, African American, myself European Nation to resolve each potential conflict, we all are different and unique in a certain way. All we have to do is be able to compromise, like we do with family, friends, acquaintances, significant other and such. That isRead MoreIntercultural Conflict : Intercultural Conflicts1382 Words   |  6 PagesIntercultural conflicts 1. Identify and describe the types of intercultural conflict, giving examples for each. There are a lot of intercultural conflicts in the workplace which if not succinctly looked into, may cause decreased productivity in an organization and may even lead to the decline of the organization. Avoiding intercultural conflicts enables an organization to improve the relationship between the employees and reduce cases of misunderstanding. Some common forms of misunderstandingRead More My Intercultural Communications Class1153 Words   |  5 PagesThere are many topics that I think are important to cover in any intercultural communications class! Despite the fact that many students have lived in America their whole life does not mean that they completely understand the society around them. Also, I believe that because the world is moving to a more â€Å"global village† view it is important for students to learn about international cultures as well. For intercultural though I believe there are a few necessary evils that must be covered. FirstRead MoreEssay about Intercultural Communication1561 Words   |  7 Pages(1990), the definition of â€Å"intercultural marriage† is explained as the marriage between partners from different racial, ethnic, national or religious backgrounds. Now intercultural marriage becomes a trend and receives a massive notice, which explains why it appears as frequent topic on several magazines, news, documentaries†¦ Many couples now are more interesting in this topic and also can have better advices in this field than they were 30 years ago, when intercultural marriage was such an unfamiliarRead MoreEmpirical Research For Treatment Of Intercultural Marriage856 Words   |  4 PagesEmpirical Research for treatment of Intercultural Marriage According to Hsu (2001), intercultural marriage is â€Å"marriage formed by partners with relatively diverse cultural backgrounds† (p.225). This is prominently seen through the film, in which Toula, a Grecian-American marries Ian Miller, a Caucasian- American. This film depicts the conflict that surrounds this union prior to marriage, such as planning the wedding, navigating the cultural differences and gaining parental approval for the unionRead MoreUnderstanding Cultures And Intercultural Communication1512 Words   |  7 Pages â€Å"Understanding cultures and intercultural communication in terms of countries and nationalities is no longer relevant or effective.† Evaluate this statement, referring to relevant theories and using examples where appropriate. Student ID: 6749473 Academic subject: MSC Accounting and Financial Management Word count: 1511 Topicï ¼Å¡Ã¢â‚¬Å"Understanding cultures and intercultural communication in terms of countries and nationalities is no longer relevant or effective.† Evaluate this statement, referringRead MoreBenefits Of Television Travel Programs Essay1449 Words   |  6 Pagesand this question is answered from aspects like culture, cultural adaptation and intercultural communication processes. However, the study covered in the book of Bennett’s (1998) is too wide to be referred by research related to media communication context because it is written on a social context. 1.2 Definition of Cross-Cultural Communication In communication studies related to cultures, three words as â€Å"intercultural communication† â€Å"cross-cultural communication† and â€Å"across cultural communication†

Truman vs. Roosevelt in Progressivism Essay - 833 Words

Truman vs. Roosevelt in Progressivism Theodore Roosevelts New Nationalism and Woodrow Wilsons New Freedom were revolutionary thoughts in the early part of the 20th century. Well ahead of its time were the economic intervention policies introduced by these Presidents to transform America into a strong and fair country. The main concern of these progressives was the abuse of power by government and businesses. Even though Wilsons plan and Roosevelts plan would differ in several ways, the nationalistic tone was quite similar. They both believed in government intervention into businesses that were abusing the countries inability to control monopolies, exploitation of minorities, women and children etc. Roosevelt could have been†¦show more content†¦So he did by sending in negotiators on both sides to resolve the impending disastrous situation. Both sides came to amicable resolutions. Wilson on the other hand would have gone into a situation like that of the coal strike of 1902 with a stronger hand, so to speak. Wilson frowned on big business in every circumstance, and saw it to be the demise of America as a whole. Wilson would have gone into Pennsylvania and shut it down and replaced those who were striking with those who would appreciate that job. Break down the big businesses so that there is a chance for competition and less necessity to monitor and or regulate big businesses with the fear that they may become a monopoly. Roosevelt embraced big business and industry and saw it as a natural development and has done much good (Mini-lecture #44 Koudelka). Wilson thought of Roosevelts actions as extreme and a radical movement. He thought that Americans had the means to make good moral judgement on the labor issues and they would so act upon these thoughts. Roosevelt on the other hand would make the decisions for the American people and almost force views on the people as opposed to interrupting their wants and needs as expressed. Wilson wanted to return to old styles in regard to the law and to maintain traditional institutions. Roosevelt forged ahead withShow MoreRelatedModern History.Hsc.2012 Essay25799 Words   |  104 Pagesunsuccessfully tried to mediate a settlement. He repeatedly warned the U.S. would not tolerate unrestricted submarine warfare, in violation of international law and U.S. ideas of human rights. Wilson was under pressure from former president Theodore Roosevelt, who denounced German acts as piracy. - In January 1917, Germany resumed unrestricted submarine warfare. The German Foreign minister, in the Zimmermann Telegram, told Mexico that U.S. entry was likely once unrestricted submarine warfare beganRead MoreOne Significant Change That Has Occurred in the World Between 1900 and 2005. Explain the Impact This Change Has Made on Our Lives and Why It Is an Important Change.163893 Words   |  656 PagesDifferent motives led to the joint proclamation. U.S. Presi- THE GENDERING OF HUMAN RIGHTS IN THE INTERNATIONAL SYSTEMS OF LAW †¢ 157 dent Franklin Roosevelt proclaimed the â€Å"four human freedoms† as key wartime principles to mobilize American public opinion in favor of the Allied cause before the U.S. involvement in the war. For Roosevelt, human rights principles were used to oppose all forms of totalitarianism, whether of the Right (fascism) or of the Left (communism). 30. Found in Burgers

Punk Subculture - 1702 Words

With the high pace of modernization since the 20th Century, people tend to be mechanized into living where they live. Concerned with the erosion of identify and distinct ways of life, large quantities of subculture emergedï ¼Å'especially in the late 1960s and 1970s. Bourdieu has already coined the term ‘cultural capital’ to explicate the cultural asserts available within society. As provided with unique habitus and subcultural production, diverse subcultures often distinct through different subcultural capitals. This essay will interpret the notion of ‘subcultural capital’ thoroughly and analyses how it assists subgroups differentiate themselves from other social groups, especially focusing on the punk subcultural capital and its contemporary†¦show more content†¦Influenced by this punk subcultural capital, the punks distinguished themselves from the mainstream code of behavior. The subcultural capital not only differentiated from the widely accept ed ‘popular culture’, but also discriminated themselves from the ‘high culture’ as well. Hebdige (1976) has argued that subcultural knowledge often include class consciousness. As a matter of fact, the assertion of subcultural distinction partly bases on the ideal of classlessness (Thornton, 1995). Storey also points out that the class divides indeed exist between the subculture and the elite culture (Forgan, 2002). Opposite from the high culture, which is often appeal to the taste of the elite class, the subcultural capital is always less class-bound and concerned more about the interests of lower class. Therefore, it shapes people’s dispositions against the dominate stereotypes, such as class, gender and religion. As an illustration, the punks can come from all works of life and the diversity help to develop the punk tastes and contributes to the accumulation of subcultural capital, these tastes may give a guide to punks preference. In this way, th e subcultural capital assists to develop its uniqueness. Last but not the least, the subcultural capital singularise the culture through practice on the subcultural production, which mainly are the music, fashion, art and literature. The subculture always identified by practice on these expressive forms underShow MoreRelatedSubcultures : Women s Punk2209 Words   |  9 PagesSubcultures: Women in Punk Punk is one of the most written and talked about music and political movements of the twentieth century. What perhaps makes punk special is the way a generation incorporated the attitudes and practices of the music into an entire subculture. In her book Punks: A Guide to an American Subculture, author Sharon M .Hannon argues that there is no universally accepted definition for punk .To some, punk mean rebellions against conformity or against parents, school, work,Read MoreThe Rising Subculture Of Punk : The Economy, Violence, And Rebellion Essay1859 Words   |  8 PagesThe Rising Subculture of Punk: The Economy, Violence, and Rebellion With the economic decline and availability of jobs with upward movement, a culture of youths formed in Britain that challenged the ideals and cultural norms of the generations that came before them. A consistent movement from traditional society through youth subcultures brings light through the eyes of the musicians that describe their generation’s feelings of homelessness in an era filled with unemployment, low wages, and violenceRead MoreThe Subculture Of Consumption History And Origins2409 Words   |  10 Pagesa spin off from the punk community, with the theme of oceanic concepts. Seapunk as its own subculture has its own lifestyle incorporating history, how they differ from other groups, dress behavior, and satirical styles and rules. Discussion Subculture of consumption background information Subculture of consumption history and origins. Seapunk is a virtual aesthetic of music and art forms, generally surrounding oceanic concepts, blue hues, and the 90s rave era. This subculture is birthed out of theRead MoreThe Punk Subculture And The Hippie Counter Culture813 Words   |  4 PagesSubculture is just a smaller culture within a much broader and mainstream or dominant culture and is used to study cultures. It basically explains how some groups behave towards society or other subgroups. The punk subculture is a counter culture and has a sundry selection of ideologies, music, and fashion. In the late 1960s is roughly when punks came about. They are more centered on their style of music called punk rock which is a more aggressive and fast-paced style of rock and roll. This musicRead MoreCompare and Contrast the Subcultures of Hip Hop and Punk903 Words   |  4 PagesCompare and Contrast of Subcultures: Hip Hop and Punk South University Online Compare and Contrast of Subcultures: Hip Hop and Punk Differences in beliefs and values from what the â€Å"norm† considers the right way makes you a subculture, but what makes them unique are the instruments they use to make their voice heard. While most people have taken for granted their language, beliefs and values there are some who within their subculture use their music to escape forms of oppression and lack of freedomRead MoreThe Youth Culture Of Punk1710 Words   |  7 Pagesflappers, punks, hippies and skinheads. 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Today, punk appears to have been either reduced to nothing more than a type of â€Å"edgy† fashion statement by people who most likely know nothing about the history or ethics of the music and subculture, or it has been depicted as groupsRead MoreCommercial Recuperation Essay1925 Words   |  8 PagesCommercial Recuperation Essentially what Hebdige is saying with his statement is that eventually a subcultures generic trademarks will cross over into the mainstream. This will in tern render the original intentions of subversion diluted pastiches of there former representations. The validity of this statement is interesting in two ways. Firstly are subcultures subversive qualities diluted through popularisation? 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Punk fashion is the clothing, hairstyles, cosmetics, jewelry, and body modifications of the punk subculture. Many punks use clothing as a way of making a statement. First days of punk took place in London in the middle of the 70’s. Young teenagers and rebel followers

Business communication trends Free Essays

When I was working in if I had a Job, how this sentence would play into my day-to-day work activities would be is not have conflicts with my other workers, in if there were any conflicts I would try to smooth things out instead of making things worse, you want your coworker’s to trust you not let them think you are against them, immunization skills is the best thing anyone can have because instead of someone talking behind your back saying this and that if you have great communication skills at work, conflicts can be handled without words being passed among each other, things can be controlled in a very timely and efficient way. How does it help you manage your daily activities? How it helps me is when I am working on our assignments or ass’s, I find myself writing better so that people can understand what I am trying to relay to them I Just have to be careful of my run-on sentences, I still have some improvement on my immunization skills but I am taking it day by day, because I have had some complaints about my writing skills that’s why I refer verbally speaking than writing mayday of the week because you don’t have to worry about your punctuation of any kind. What trends have you seen in your current or previous workplace? I have not worked in quite a while, but I do use a lot of the communication skills with my schooling, because we have to communicate every week through our assignments as well as our ass’s, and if what we are saying don’t make sense or they cannot understand it, it means nothing at all, because if your words are not clearly written no one will understand what you are trying to relay to them, because before coming to the university my communication skills were terrible still is but I am hoping to improve hopefully this class will help me learn the right communication skills that I need to know. We will write a custom essay sample on Business communication trends or any similar topic only for you Order Now What message types are results of these trends? The message types consist of different kinds and if they are not used correctly they don’t amount to a hill of beans. The types that I can say can help me are verbal, mails, note taking, and letters. The reason I chose these is because when you are writing notes or letters or even sending emails you need to have great communication skills, without them whomever is reading your messages they want make any sense because communication skills is or can be very important, especially to whom you are writing to and about. Because for one you want your client or whoever you are writing to, to understand what you are writing about not trying to guess on the topic or subject that is being written on or about. No references again: How to cite Business communication trends, Papers Business Communication Trends Free Essays As technology is moving forward, so is business communication. In the old days, letters to customers or clients were hand-written, face-to-face meetings were held and telephone conversations took place. Business communication in today’s society is very different. We will write a custom essay sample on Business Communication Trends or any similar topic only for you Order Now The influence that technology has on business communication is unquestionable. This paper will explain business communication, business communication roles in day to day work activities, business communication trends in the workplace, and message types that results from business communications.Business communication is communication used to create partnerships and to encourage ideas, services, and organization within a business. Forms of business communication include social-networking tools, e-mails, telepresence, personal digital assistants (PDAs), wikis and portable media players. These communication methods are used to communicate with customers, clients, and associates. Electronic tools are modernizing business communication. Devices and software programs are entering the business market to assist companies in being productive and keeping a competitive edge.Conversely, some companies think that using electronic communication devices requires money, training, and time. â€Å"Acquiring new technology and helping workers master it entails an enormous capital investment,† Locker Kienzler (2008). With new technology, many businesses have to train associates how to use the devices and software programs. Training associates may be time-consuming and require capital invested upfront because the business must purchase or lease the device and ensure that all associates have been properly trained.If the associates are not properly trained, productivity will be delayed, customer satisfaction will decrease, and the devices or software may be damaged. Business communications play an important role in a company’s day-to-day activities such as responding to customer inquiries, corresponding to internal and external messages, and checking e-mails. Businesses are providing data to customers by educating them about the company’s websites. Research is required for customer inquiries that cannot be answered on the company website. Social-networking tools have become a highly favored method of communication between associates, compared to using e-mails. E-mails are mainly used to communicate with clients, customers, and keeping associates informed about work-related issues. An information overload may happen as a result of overusing e-mail. â€Å"Perhaps the biggest problem for many employees is the amount of e-mail. IDC, a research consulting firm, estimates 84 billion e-mails are sent daily,†Locker Kienzler (2008).Telepresence also plays an important role in business communication. The advanced video conference meetings bring people from different cities, states, and nations to one location minus the traveling. Some business communication trends in the workplace are technology, teamwork, and diversity. Business communication trends set the pace for a successful and productive business. Technology is continually advancing. With the advancement in technology communication is becoming easier and easier.Businesses can communicate with other companies with the click of a button or the turn of a switch. â€Å"Teamwork brings together people’s varying strengths and talents to solve problems and make decisions,† Locker Kienzler (2008). People of color, immigrants, and women always have played a role in business communications. Diversity creates differences that work. In business communication, messages are transmitted in different ways including print (publications), Internet, television, radio, and word of mouth. Messages should be clear, complete, and correct.Clear messages are easily read, the receiver does not have to guess what the message is about. By making sure the message is detailed, all the receivers’ questions are answered. All the information in the message needs to be accurate. â€Å"The style, organization, and visual or aural impact of the message help the receiver read, understand, and act on the information as quickly as possible,† Locker Kienzler (2008). Communication trends are important to companies because companies are always looking for ways to communicate effectively with their customers.Improved communication means increased productivity and sales. An effective communication system will play an important role in employee/client relationships; management/employee relationship; and the overall role of the company. Effective business communication is not possible without an effective business communication system.Reference Locker, K. O. , Kienzler, D. S. (2008). Business and Administrative Communication (8th ed. ). Boston: McGraw-Hill. How to cite Business Communication Trends, Papers

Anderson and Hemingways use of the First Person Essay Example For Students

Anderson and Hemingways use of the First Person Essay At one point in his short story, Big Two-Hearted River: Part II, Hemingways character Nick speaks in the first person. Why he adopts, for one line only, the first person voice is an interesting question, without an easy answer. Sherwood Anderson does the same thing in the introduction to his work, Winesburg, Ohio. The first piece, called The Book of the Grotesque, is told from the first person point of view. But after this introduction, Anderson chooses not to allow the first person to narrate the work. Anderson and Hemingway both wrote collections of short stories told in the third person, and the intrusion of the first person narrator in these two pieces is unsettling. In both instances, though, the reader is left with a much more absorbing story; one in which the reader is, in fact, a main character. With the exception of My Old Man, which is entirely in the first person , and On the Quai at Smyrna, which is only possibly in the first person, there is just one instance in In Our Time in which a character speaks in the first person. It occurs in Big Two-Hearted River: Part II, an intensely personal story which completely immerses the reader in the actions and thoughts of Nick Adams. Hemingways utilization of the omniscient third person narrator allows the reader to visualize all of Nicks actions and surroundings, which would have been much more difficult to accomplish using first person narration. Nick is seen setting up his camp in Big Two-Hearted River: Part I in intimate detail, from choosing the perfect place to set his tent to boiling a pot of coffee before going to sleep. The story is completely written the in third person and is full of images, sounds, and smells. In Big Two-Hearted River: Part II Hemingway exactly describes Nicks actions as he fishes for trout. Details of his fishing trip are told so clearly that the reader is almost an active participant in the expedition instead of someone reading a story. He carefully and expertly finds grasshoppers for bait, goes about breakfast and lunch-making, and sets off into the cold river. By being both inside and outside Nicks thoughts, the reader can sense precisely the drama that Hemingway wishes to bring to trout fishing. Nick catches one trout and throws it back to the river because it is too small. When he hooks a second one, it is an emotional battle between man and fish. Nick tries as hard as he can, but the fish snaps the line and escapes. Then, as Nick thinks about the fate of the trout which got away, Hemingway writes, He felt like a rock, too, before he started off. By God, he was a big one. By God, he was the biggest one I ever heard of. This sudden switch to first-person narration is startling to the reader. Until this point Hemingway had solely used third person narration, but he did it so well that the reader feels as one with Nick. It is not definite whether this is Nick or Hemingway speaking. It could easily be either of the two. Hemingway doesnt include, he thought, or, he said to himself, and so it is unclear. The result is the same regardless. Using first person narration at this point serves to make the story more alive, more personal. It jolts the reader into realizing the humanity of Nick; he is no longer the object of a story but a real person. If Nick is making so much stir over it that he speaks directly to the reader, he must feel passionately about it. Or if Hemingway is so moved by the size of the trout that he exclaims at its size, I can only accept that Nick also feels this excitement. The sudden intrusion of the first person narrator makes the story more complete and its only character more life-like. It also brings the reader into the story as a listener. .u19d8c41effffa319acbe9123b38f643b , .u19d8c41effffa319acbe9123b38f643b .postImageUrl , .u19d8c41effffa319acbe9123b38f643b .centered-text-area { min-height: 80px; position: relative; } .u19d8c41effffa319acbe9123b38f643b , .u19d8c41effffa319acbe9123b38f643b:hover , .u19d8c41effffa319acbe9123b38f643b:visited , .u19d8c41effffa319acbe9123b38f643b:active { border:0!important; } .u19d8c41effffa319acbe9123b38f643b .clearfix:after { content: ""; display: table; clear: both; } .u19d8c41effffa319acbe9123b38f643b { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u19d8c41effffa319acbe9123b38f643b:active , .u19d8c41effffa319acbe9123b38f643b:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u19d8c41effffa319acbe9123b38f643b .centered-text-area { width: 100%; position: relative ; } .u19d8c41effffa319acbe9123b38f643b .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u19d8c41effffa319acbe9123b38f643b .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u19d8c41effffa319acbe9123b38f643b .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u19d8c41effffa319acbe9123b38f643b:hover .ctaButton { background-color: #34495E!important; } .u19d8c41effffa319acbe9123b38f643b .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u19d8c41effffa319acbe9123b38f643b .u19d8c41effffa319acbe9123b38f643b-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u19d8c41effffa319acbe9123b38f643b:after { content: ""; display: block; clear: both; } READ: An Examination of Southern Dialect EssaySherwood Andersons collection of short stories, Winesburg, Ohio, also has a moment of first person narration. The introductory story, The Book of the Grotesque, is written in first person. The story begins as a third person narration, a tale about an old writer. Using a third person narration, Anderson writes about an old man and his episode with a carpenter. Then the old man goes to bed and the reader learns his thoughts. In the middle of describing what he is thinking, Anderson switches to first person narration. Suddenly there is a narrator speaking directly to the reader. The narrator says, And then, of course, he had known people, many people, known them in a peculiarly intimate way that was different from the way in which you and I know people. At this point the story becomes more than just a static piece, for the reader is somehow now in it. There is an ambiguity, however, because the reader does not know if the narrator is Anderson himself or another completely distinct character. As when Hemingway used this ploy, the result is the same regardless. The reader is no longer merely a reader, but has unexpectedly been transformed into an active participant in the book. Throughout the rest of The Book of the Grotesque, the narrator is speaking to the reader. Not only that, but the narrator is telling the reader about a book which was never published, but is almost surely the one the reader is in fact reading. In case the reader should forget, there is one other instance, several stories later, in which Anderson adopts first person narration. In Respectability he writes, I go to fast. Like Hemingway would do years later, Anderson was forcing the reader to become a part of the story. The entire book is a dialogue between narrator and reader. The effect is that the reader becomes even more involved in the stories. Bothof these works are unlike others from the same time period which are told completely using first person narration. Gertrude Steins The Autobiography of Alice B. Toklas and Anita Loos Gentlemen Prefer Blondes are both written wholly in the first person. But both of these read like diaries, of which the reader is just that a reader. Neither one has a point at which the reader is so definitely brought into the story consciously by the author. By jumping abruptly into first person instead of using it all along, Hemingway and Anderson more effectively do this. Andersons and Hemingways sudden switches to first person narration of course could not have been mere mistakes, and their reasons may have been even more convoluted than imaginable to late twentieth century readers. What is left are two collections of short stories in which the reader plays an actual role. The intrusion of first person narration makes these stories come alive in a way that a third person narration cannot, a tribute to the skill of both of these authors.

Insight Suggestion for Issue related to the Quality of GPFS

Question:- Mr. Dewey, a Senior Partner of the CPA firm Dewey, Cheatem, Howe, after noting that many positivist-accounting theorists and right-wing economists recommend that general purpose financial statements (GPFS) be deregulated and let market forces control the quality of GPFS, has suggested that the role (and revenues) of independent external audit firms will be dramatically enhanced. Required: Give insight on this issue in a 1 and half page Memo that is addressed to Mr. TuDewie and resolves his concerns. Answer:- In light of current situation as mentioned in the process is considered as too much significant in terms of the future of the partnership firm. The senior partner of this CPA firm is named as Mr. Dewey and he can be addressed on the basis of the appropriate understanding considering the present issue. By the way of applying the international standards, the private sectors and the firms like CPA are constantly trying to increase the level of competence. However, the government from most of the parts have not addressed the need to put the incentives in the forward position to ensure that the level of competence is actually applied in the practice (Denyer and Baird, 2006). According to the results obtained for the ROSC and by observing the recent accounting scandals in the countries with developed economies expressed that the factors of competence and legal requirements are adequate to bring the effectiveness, but the necessity of commitment is required to deploy such competence. In thi s case, the positivists, economists and accounting theorists have mentioned the influence of the market forces in order to maintain and control and determine the quality of the GPFS. The recommendation came from the instance that the positive market force can certainly provide the favouring incentives to comply with the high quality of standards (Jajodia and Strous, 2004). But it is also experienced that these forces in both the countries of developing and developed economies suggest that countervailing the operations of the disincentives to discourage the compliances. Therefore, the face should need to address that the whole emphasis should be placed on the disincentives of robust enforcement regimes and monitoring to achieve a fully balanced combination of incentives and capacity. In addition to the mentioned concern, Mr. Dewey should need to explore the quality control policies in the entire auditing practice led by the firm in order to ensure that the policies and procedures are implemented in both the audit firm and individual audit. In this case, some of the regulators are there who are concerned with respect to their own special requirements. Based on that, their activities contribute to the quality of the general purpose financial statements (GPFS) (Mitra, 2008). Thus, the availability of in front the public is restricted. This is the primary reason based on which the different economists and accounting theorists suggested to deregulate the GPFS from the firms auditing practices. In conclusion, the resolving of this particular concern can be delivered to Mr. Dewey as he should maintain the effective accounting and auditing regulation in order to underpin the institutionalised incentives. But the concern can be suggested as there is the absence of guidelines in the international accounting control and standards to develop and exercise the effective practices of those regulations (Weirich, et al., 2010). Therefore, the firm is needed to follow the appropriate regulatory framework that interfaces with the other regulatory institutions and instrument, such as the banking security regulation. It will certainly provide the effective contributions to the enforcement and monitoring of international standards. Also, it is suggested that the accounting department of the firm should need to quality control system that will be designed to provide the reasonable assurance that all the auditors and external auditors comply legal and regulatory requirement, the Code of Ethi cs specified for CPAs and the basic standards of auditing (Jajodia and Strous, 2004). In this case, the reports issued by the accounting and auditing firm and the effective involvement of the partners are considered appropriate for this specific circumstance. Yes No:Response Formed References Denyer, S. and Baird, R. (2006).Guide to microbiological control in pharmaceuticals and medical devices. Boca Raton, Fla.: CRC Press. Jajodia, S. and Strous, L. (2004).Integrity and internal control in information systems VI. Boston: Kluwer Academic. Mitra, A. (2008).Fundamentals of quality control and improvement. Hoboken, N.J.: Wiley. Weirich, T., Pearson, T. and Churyk, N. (2010).Accounting auditing research. Hoboken, NJ: Wiley.