Thursday, October 31, 2019

Why people marry, and what follows marriages or more interesting WHY Research Paper

Why people marry, and what follows marriages or more interesting WHY PEOPLE CHEAT - Research Paper Example This however, has seemed to diminish in recent years. The high rates of divorce and empty shell marriages leave a person wondering just how important this institution is nowadays. Cohabitation, single parent families, separated spouses or even divorced couples are now common to find. This report aims to focus on both the causes and effects and the situations and circumstances that lead to the spouses cheating in marriage. However, there are various causes as to why this trend is increasing and how these affect us. The way these broken families affect the individuals, the family, and the community as a whole is farfetched and the effects are not just for the time being. The stress in our lives today is a major cause for everyone going into their own shell and becoming isolated to a certain level, which results in marriages breaking down and people subjecting to cheating on their spouse. The number of people found with having extra marital affairs has increased in the last decade. The reasons for this may be numerous (Chappel, pp. 170). Often either of the spouses either is unhappy with the marriage or feels suffocated and frustrated. In the fast-paced world today, people have become more self-absorbed and the time to bond and spend a healthy time together has greatly diminished. When one of the spouses is feeling lonely, suffocated, or feels that the relationship is not giving a positive outcome, it results as one of the spouses feeling the need to cheat or seek that attention from an outer source (Chappel, pp. 170). There are times when the person vents out to a friend either of the opposite sex or a colleague or someone who has gone through a similar incident and the bond develops and sometimes leads to an extra marital affair. In some instances, after the couple has a child, the woman’s time is absorbed in the care taking of the baby, which causes the couple to start spending lesser and lesser time together. The man may result in feeling that he is not getting any attention and feels neglected. In such cases, he may start seeking that love and attention from an outer source. Sometimes, the reason may just be to gain the attention of the spouse, or it may actually be that the spouse gets involved in someone else, which gradually leads to problems, fights and may end up in separation or divorce (Meyer, 2001). Another reason why people may cheat in marriages is the â€Å"lack of intimacy† (Meyer, 2001). If one of the spouses does not show interest in sex or withholds it, the other might get frustrated and seek for the fulfillment of that pleasure elsewhere. It is therefore essential that both of them take care of each other’s needs and fulfill them in order to provide that level of satisfaction that they would be compelled to find elsewhere as a result if they do not get it within the marriage. In some cases, one of the spouses may stop giving attention to their physical appearance and that attractive instinct (Swartz, pp. 145). The person dealing with the stresses of life or business or any other aspect might become involved in tension, exhaustion or depression and stops giving the attention to the looks or the qualities that attract the spouse. When this need lacks at home, it results in the person starting to find other people attractive and start taking interest towards them because that quality begins to lack in their own partner. This also leads to cheating and the marriage becoming a problematic arena. Sometimes, this problem might arise due to natural problems and might not be the intentional or deliberate act of one person. The pressures and strains of the marriage relationship sometimes cause fights and

Tuesday, October 29, 2019

Journal 6 Essay Example | Topics and Well Written Essays - 250 words - 6

Journal 6 - Essay Example The book suggests that the schools of Haiti needs revival as the government need to stop inequality practiced in school in the past. So we can see that Haiti had been having a bad social and economical status which was expected to change after earthquake related humanitarian work. The author states that being a under developed nation, Haiti’s medical infrastructure has been highly damaged and the refugee camps were only temporary relief which had many risks. The misery, causality, lack of proper medical facilities all were matter of concern in Haiti after the earthquake occurrence. He in his book does point out to the impartiality and discrimination in the country and how media and foreign agents restricted Haitian life during the disaster. He argues that the political and military should not interfere with humanitarian work as seen in Haiti. So we can see from the readings that Haiti as a disaster struck nation needs a more comprehensive strategy from their government and

Sunday, October 27, 2019

Case Study Of Toyotas Vehicle Recall Management Essay

Case Study Of Toyotas Vehicle Recall Management Essay This study focuses on the risk of reputational damage from a crisis situation and uses the Toyota recall crisis as a case study. The study examines Toyotas actions as relates to preserving its reputation as more than 8 million of its motor vehicles are recalled from 2009-2010. In order to do this, Toyotas actions are benchmarked against critical risk factors identified in the Roads to Ruin report conducted by Cass Business School for Association of Insurance and Risk Managers in Industry and Commerce (AIRMIC). The findings from the case revealed that a serious breakdown in Toyotas culture and a violation of its clearly stated principles of quality and customer-focus were the root causes of its reputational decline. Upon closer examination of the Toyota case, we find that the Toyota crisis escalated majorly because the company seemed to have no plan whatsoever to prepare for a crisis of the magnitude it faced and hence failed to protect its reputation. The case goes on to highlight various risk management that can be incorporated by businesses, managers and CEOs to preserve their reputation in crisis situations and avoid common pitfalls that lead to reputational decline. Table of Figures Executive summary This paper explores the subject of corporate reputation and the risk a crisis situation poses to a companys reputation. The main objective of this study is to extract risk management lessons from a crisis situation that can be used by managers and CEOs to avoid reputational decline in similar circumstances. The paper is structured as a case study that focuses on Toyota Motor Corporation as it faced the greatest threat to its reputation the recall of its vehicles in 2009. It explores key factors that made Toyota vulnerable during the recall and explores the effects of the recall on Toyotas reputation. In order to determine the underlying risk factors that exacerbated the crisis, Toyota is benchmarked against critical risk factors identified in the Roads to Ruin report a research report on risk management by Cass Business School for AIRMIC. The report was chosen because it provides a rich source of lessons about risk, risk analysis and risk management by detailing over one hundred specific lessons about risk from different case studies of companies in reputation-damaging crisis situations. Upon closer examination of the details of the Toyota case, we find that Toyotas reputation was damaged because the company seemed to have no plan whatsoever to prepare for a crisis of the magnitude it faced and hence failed to protect its reputation. Amongst other reasons for Toyotas reputational decline were these factors: management were not communicating effectively with stakeholders during the crisis; decision making was centred in Japan where the company was head-quartered making the crisis response very slow. We also find that Toyota shelved its corporate values which made it a symbol for quality in its quest for growth. In order to understand the Toyota crisis, the paper starts off with a brief introduction of Toyota Motor Corporation, highlighting its businesses and its reputation before the recall crisis. A timeline of the recall is also included to provide an overview of the flow of events during the period under review. Literature on corporate reputation, its importance and ownership is reviewed in the second part of this study whilst chapter three sets out the methodology employed in this study. Chapter four and five represent the crux of this work examining Toyotas actions in more detail. The research work ends with important recommendations for managers for preserving reputation in a crisis situation. Table of Contents CHAPTER 1: Introduction Glass, China, and reputation are easily cracked, and never well mended. -Benjamin Franklin. A few years ago, if we talked about companies with good reputations, the Japanese carmaker Toyota might have been mentioned. 2008 in particular was a good year for Toyota; Toyota was arguably one of the top brands worldwide, scoring high points for reliability and product quality on various reputational studies. It was the 6th top brand in the world according to interbrands Top 100 brands in the world list and was highly reputed for its reliability, customer-focus, and world-class quality. By the 27th of February, 2009, Toyota had moved up to third place on the Worlds Most Admired list, behind only Apple and Berkshire Hathaway. The company had the coveted AAA rating from Fitch and customers and car-enthusiasts alike had come to equate Toyota with quality. Even the companys philosophies, visions and advertising campaigns were unequivocal in stressing its commitment to quality However as Toyota recalled vehicle after vehicle in 2009, its pristine reputation for quality was badly damaged. Toyota literally drove into a reputational crisis like it had never seen before; the crisis was exceptionally damaging to the companys reputation as it struck its perceived core competence safety and quality. Company Background TOYOTA MOTOR CORPORATION is a Japan-based company mainly engaged in the automobile and financial business. The Company operates through three business divisions. The Automobile segment is engaged in the design, manufacture and sale of car products including passenger cars, minivans and trucks, as well as the related parts and accessories. The Finance segment is involved in the provision of financial services related to the sale of the Companys products, as well as the leasing of vehicles and equipment. The Others segment is involved in the design, manufacture and sale of housings, as well as information and communication business. For its automotive operations which is the focus of this study- Toyota produces and sells passenger cars, minivans and commercial vehicles, such as trucks. Toyotas vehicles can be classified into two categories: conventional engine vehicles and hybrid vehicles. Toyotas product line-up includes subcompact and compact cars, mini-vehicles, mid-size, luxury, sports and specialty cars, recreational sport-utility vehicles, pickup trucks, minivans, trucks and buses. The Companys subcompact and compact cars include the four-door Corolla sedan and the Yaris. In North America, Europe and Japan, Toyotas luxury line-up consists primarily of vehicles and other luxury sport-utility vehicles sold under the Lexus brand name. Toyota sport-utility vehicles available in North America also include the Sequoia, the 4Runner, the RAV4, the Highlander, the FJ Cruiser and the Land Cruiser, and pickup trucks available are the Tacoma and Tundra. Toyota also sells the Century limousine in Japan. Toyotas product line-up includes trucks (including vans) up to a gross vehicle weight of five tons and micro-buses, which are sold in Japan and in overseas markets. Trucks and buses are also manufactured and sold by Hino, a subsidiary of Toyota. Hinos product line-up includes large trucks with a gross vehicle weight of over 11 tons, medium trucks with a gross vehicle weight of between five and 11 tons, and small trucks with a gross vehicle weight of up to five tons. More than its cars, Toyota is well known for its TOYOTA WAY a set of principles and behaviours that underlie the Toyota Motor Corporations managerial approach and production system. These principles have been taught in various business schools and adapted in various organisations. The principles are summarised in the figure below: Figure : The Toyota way (Source: Hispage TONOway) 1.2 The Recall Crisis Toyotas recall fiasco took a disastrous turn on the 28th of August 2009 in San Diego, California. According to news reports, Mark Saylor and his wife, daughter and brother-in-law (Chris Lastrella) were killed when their Lexus, on loan from a dealer, careened out of control at more than 100mph, collided with another vehicle, and crashed into a ravine, setting the car ablaze. Figure : Inset is a picture of the vehicle after the accident (Source: PowayPatch) The familys high-speed tragedy was captured via a 911 call; the fear in the caller Chris Lastrellas voice was apparent as he said there are no brakesà ¢Ã¢â€š ¬Ã‚ ¦ we need to pray and finally, their high-pitched screams as the car crashed. Over the next six months following this incident, Toyota would issue three separate recalls related to vehicle speed control for over 8 million vehicles; costing the company hundreds of millions of dollars in sales and immeasurable reputational damage. As the crisis intensified, Toyota became the target of adverse media attention with criticisms coming from various stakeholders for its actions during this period, and for its delay in identifying the fault and recalling the affected vehicles. 1.3 Timeline This section provides a chronological flow of the events leading up to and surrounding the recall crisis 2000 A cost cutting exercise called Construction of Cost Competitiveness for the 21st Century is launched by Toyota with the aim of reducing the cost of 180 car parts by 30% and saving $10 billion by 2005. 31-12-04 Toyotas vehicles accounted for about 20% of all unintended acceleration complaints filed with National Highway Traffic Safety Administration (NHTSA), up from 4 percent in 2000. 26-09-07 First floor mat recall in US of 55,000 vehicles to correct possible drivers floor mat causing accelerator pedal entrapment. 28-08-09 Off-duty California Highway Patrol officer Mark Saylor is traveling on Highway 125 in Santee, California (northeast of San Diego), with three family members, when the 2009 Lexus ES350 he is driving suddenly accelerates out of control, hits another car, tumbles down an embankment and catches fire. While the car is careening down the highway at speeds estimated to exceed 100 mph, his brother-in-law calls 911 and reports that the car has no brakes. All four are killed in the ensuing crash. 14-09-09 Preliminary reports from Toyota and local authorities indicate that the Lexus, which had been on loan from Bob Baker Lexus of San Diego, where Saylors personal Lexus vehicle was being serviced, may have had the wrong floor mats installed, interfering with the gas pedal. 29-09-09 Toyota announces it is recalling the floor mats on 4.2 million Toyota and Lexus vehicles. 2-10-09 Newly installed Toyota CEO Akio Toyoda publically apologizes to the Saylor family members killed in the accident and to every customer affected by the recall. 30-10-09 Toyota begins sending letters to owners notifying them of an unspecified upcoming recall to fix the unintended acceleration issue. In the letters Toyota says no defect exists. 2-11-09 NHTSA takes the highly unusual step of publicly rebuking Toyota, calling a company press release re-iterating the statements made in the 30 October letter to owners inaccurate and misleading, noting that the floor mat recall was an interim measure and that it does not correct the underlying defect. Toyota publicly apologizes. 02-11-09 Second floor mat recall in US of 3.8 million Toyota and Lexus vehicles to correct possible drivers floor mat causing accelerator pedal entrapment. 25-11-09 Second recall of 3.8 million vehicles amended to additionally reconfigure accelerator pedal. 26-12-09 A Toyota Avalon crashes into a lake in Texas after accelerating out of control. All four occupants die. Floor mats are ruled out as a cause because they are found in the trunk of the car. 21-01-10 Toyota recalls another 2.3 million Toyota-brand vehicles because of a problem with the gas pedal. Toyota says a rare set of conditions which may cause the accelerator pedal to become harder to depress, slower to return or, in the worst case, stuck in a partially depressed position. The company says the new recall is unrelated to the floor mat recall, but also announces 1.7 million Toyota vehicles would be affected by both recalls. 26-Jan-10 Toyota stops selling eight models in the US after being sanctioned by the NHTSA to halt selling vehicles with acknowledged defects. Toyota does not say why it has waited five days to stop sales after announcing the recall. 29-Jan-10 Recall extended to 1.8 million Toyotas in Europe and China. 02-Feb-10 U.S. Transportation Secretary Ray LaHood sharply criticizes Toyotas response to the accelerator pedal concerns, telling the Associated press that Toyota may be a little safety deaf and that while Toyota is taking responsible action now, it unfortunately took an enormous effort to get to this point. 09-Feb-10 Recall of 437,000 Prius vehicles and other hybrid vehicles worldwide to correct possible faulty hybrid anti-lock brake software 23-Feb-10 Public hearings of various committees of the U.S. House of Representative regarding the Toyota safety issue. At the hearing, Toyoda publicly apologizes before Congress and pledges renewed commitment to quality and safety from Toyota. 24-Feb-10 Akio Toyoda, president and CEO of Toyota, issues the following statement at the congressional hearing: Toyota has, for the past few years, been expanding its business rapidly. Quite frankly, I fear the pace at which we have grown may have been too quick. I would like to point out here that Toyotas priority has traditionally been the following: First; Safety, Second; Quality, and Third; Volume. These priorities became confused, and we were not able to stop, think, and make improvements as much as we were able to before, and our basic stance to listen to customers voices to make better products has weakened somewhat. We pursued growth over the speed at which we were able to develop our people and our organization, and we should sincerely be mindful of that. I regret that this has resulted in the safety issues described in the recalls we face today, and I am deeply sorry for any accidents that Toyota drivers have experienced. Especially, I would like to extend my condolences to the members of the Saylor family, for the accident in San Diego. I would like to send my prayers again, and I w ill do everything in my power to ensure that such a tragedy never happens again. 1.4 Aims and Objectives The Toyota case study is an insightful one as it involves the review of management response in a crisis situation that involved major loss of lives and regulatory action. By focusing on Toyotas management response, the aim of this study is to provide useful recommendations for preserving corporate reputation in a crisis situation. The work will focus on Toyotas response, its crisis management and the effect of the crisis on the companys reputation. In so doing, the author aims to extract essential risk management lessons from the case. The objectives of this study are to: Trace the underlying cause of the crisis using the risk factors identified in the Roads to Ruin Report by Cass Business School for AIRMIC. Evaluate the impact of the incident on the ratings, profitability and reputation of the company. Evaluate the actions of the CEO, highlighting what he did well and what he did not do so well. Outline the main consequences of the crisis for shareholders and other stakeholders Outline the key risk management lessons to be learnt. Every reputational crisis is different and there is no panacea for a reputational crisis but this research work seeks to provide a valuable tool for protecting and managing reputational risk when a crisis occurs. In order to fulfil the objectives listed above, the following research questions will be answered: What made Toyota particularly vulnerable during the recall crisis? How did the recall crisis and its ensuing consequences affect the financial position and reputation of the company? How was the recall handled? How could it have been better handled? What lessons can be learnt such that a future crisis is managed better? What was the impact of failing to meet its stakeholders expectations on Toyotas reputation? CHAPTER 2: Literature Review O wad some Power the giftie gie us To see oursels as ithers see us! It wad frae monie a blunder free us, An foolish notion Robert Burns Every individual, every company, every organisation be it a large multi-national or a small food kiosk by the corner- have one thing in common; a reputation. Over time, every contact, every media mention, every rumour, every leak, every piece of gossip (whether true or not) will play its part in forming an overall impression of an organisations standing. This built up reputation not only has a significant impact on share price; but also influences the strength of the brand and determines its competitive advantage amongst its peers. As Bill Margaritis puts it: a strong corporate reputation is a life preserver in a crisis and a tailwind when you have an opportunity 2.1 Corporate Reputation: An Overview In recent years, the idea of reputation as a strong business asset has received increased recognition in management literature. Series of publications have appeared dealing with the benefits of positive corporate reputations, risks to reputation, and reputational risk management. This increased interest grew out of a realization that an organizations reputation is a major determinant for its short run and long run success and differential advantage in any business environment. Furthermore, the last decade has seen many of the worlds most admired companies descend from their once lofty positions. In light of all these, it is not a surprise that corporate reputation has started to feature prominently on Swiss Res and Aons study of the top ten risks identified by corporate executives. This emphasises the point that management and other stakeholders have started to see the importance of corporate reputation and the various factors that make up the reputation of their firm. Fomburn (1996) defines reputation as the overall estimation in which a company is held by its constituents which can be formed based on the net perception of a companys ability to meet the expectation of all its stakeholders. This perception will usually be based on both the organisations actions and inactions such that everything an organisation does, and does not do, has a direct impact on their reputation Dolphin (2004). Other authors, such as Bromley (2001) emphasize the differing nature of reputation and describe reputation as the distribution of opinions about a person or organisation A more balanced view of corporate reputation according to (Warwick, 1992) is the view that corporate reputation is in itself an aggregate evaluation made by stakeholders of how well a company is meeting stakeholders expectations based on its past behaviour. (Atkins, et al., 2006), also address corporate reputation and reputational risk from this perspective and define reputational risk as the threat to a companys reputation resulting from a failure to meet stakeholders reasonable expectations of an organisations performance or behaviour. Corporate reputation should (also) be considered in terms of its historical context, i.e. a corporations track record. A companys standing in the community and in the marketplace all help shape its reputation Fomburn (1996). A reputation is much more than brand image, and includes factors such as trust in the organisations integrity and how it will conduct itself in the future, both at the corporate level and through the actions of its management and staff. . (Atkins, et al., 2006). It is also an important form of corporate capital that determines to a large extent the companys worth, quite simply, it is an index of a companys worth or value (Bromley, 2000). In determining corporate value, most authors have come to agree that a reputation is an indicator of a companys future performance. A favourable reputation is powerful enough to convince the undecided to choose a certain product or service and dissuade existing customers from moving to a competitor; whereas a damaged reputation can be irreparable and in extreme cases, lead to a companys down fall (ORourke, 2004). In order to build a favourable reputation, four attributes need to be developed: credibility, trustworthiness, reliability and responsibili ty. Reputation is in itself intangible, untouchable and most times immeasurable. Reputation often cant be quantified, compared against hard benchmarks or analysed in the same way as financial or other numerical data. Its management requires softer skills such as sound judgement, an ability to anticipate future trends and requirements, understand stakeholder concerns, listen carefully, consider dispassionately and respond constructively. (Rayner, 2003). A good corporate reputation can take many long years to build; it can be destroyed in an instant through an ill-considered off-the-record remark, a lapse in personal behaviour, an ethical blunder in the supply chain or an inadequate response to a crisis. In the words of Warren Buffet who is considered the most successful investor of the 20th century it takes twenty years to build a reputation and five minutes to destroy it. An area where authors share different views is as regards ownership of reputational risk. The first school of thought argues that one person or a group of people be appointed with the sole responsibility of preserving the companys reputation. It is probably due to the inefficiencies of some CEOs over the years in safeguarding reputation that some authors argue that a reputation officer or a reputation department be charged with the responsibility of handling and sustaining the corporate reputation. Others have criticised this view for various reasons, the main one been that, appointing a chief reputational office tends to remove the awareness of the importance of safeguarding corporate reputation from the Board of Directors and other top executives. Another school of thought is the one which states that every member of the organisation is responsible/accountable for the corporate reputation. As good as this argument might sound (it does make some sense for everyone in the organisation to be aware of maintaining the organisations good name), the loophole is in the danger that this leaves the accountability for corporate reputation as everyones task which in most times equals no ones task. The third school of thought argues that the responsibility for corporate reputation should rest on the CEO. According to this school, various studies have shown that CEOs understand the importance of a good reputation and hence should safeguard it. However, studies have also shown that few CEOs put any structure in place to safeguard the reputational asset of the organisation. It is disappointing to note that many CEOs who are supposed to be the custodians of the companys reputation have actually been the villains responsible for tarnishing the companys reputation. (This was certainly the case with AIGs Hank Greenberg). One important reason why CEOs should be responsible for reputational risk rests on the fact that when people think of a company, they are usually thinking of the CEO, with his actions/inactions invariably contributing to the reputation of the organisation. As Dr Leslie Gaines-Row pointed out in an interview, failure to maintain a good reputation should rest squarely on the shoulders of the CEO because in her own words: CEOs increasingly find themselves in the spotlight during crises and are without question a strategic player in reputation recovery. Their success in managing reputational difficulties is one of the determining factors in whether stakeholders retain confidence in the company and believe that reputation will eventually be restored. For this reason, failure to maintain a good reputation rests squarely on the CEOs shoulders. à ¢Ã¢â€š ¬Ã‚ ¦ (Studies show) that nearly 60 percent of the blame is attributed to the CEO when crisis strikes. As the companys public face during times of crisis, and the companys chief reputation officer, the CEO should remain visible, and communicate honestly, transparently and proactively. CEOs must also present themselves to stakeholders, whether it is customers, financial analysts or employees, consistently with the companys vision, code of conduct and values. By taking responsibility, acting quickly and compassionately, listening carefully, and establishing clear priorities, the CEO can set an example for reputation recovery for the entire organization. Reputation is the most important asset entrusted to a CEO (Schreiber, 2011). Not all CEOs recognize that, but a growing number do. In a 2009 global study, AON Insurance asked 551 CEOs to rank the relative importance of 31 risk factors. Reputation was ranked No. 6. In past AON studies before the current financial crisis, reputation was the top-ranked CEO risk factor. But, what is troubling is that two-thirds of the respondents had no formal reputation risk plan in place, and that figure has not changed substantially. 2.2 Effects of a Favourable Corporate Reputation Strong reputations act as cushions in case of a crisis and have the ability to protect a company from harm caused by a crisis. A favourable prior reputation protects the organisations reputation during a crisis in two aspects: it gives the organisation the benefit of doubt, which means that if a consumer holds a general favourable view of the company, the consumer might assign the company less crisis responsibility which in turn result in less reputational damage from the crisis; secondly, it acts as a shield, which serves as a part of the larger psychological phenomenon of expectancy confirmation, emphasizing that stakeholders will focus on the positive aspects of the organisation and ignore the recent negative information created by the crisis (Coombs and Holladay). In these ways, a good prior reputation perceived by consumers has the potential to reduce attributed crisis responsibility and dismiss the impact of the crisis. Strong, trustworthy reputations will usually always mean g reater resilience in crisis situations. The occasional lapse of a reputationally strong company is likely to be regarded as a one-off aberration, because it has a solid track record and its values and business ethos are clearly understood the reaction will most probably be a shrug and a thats not like them rather than a there they go again (Rayner, 2003). A typical case is that of oil companies who were ranked rather low in public opinion. In cases where oil companies have faced major crisis, consumers have been less sympathetic with these corporate group. The BP case and the Exxon Vladez case are typical examples. A study in the late 1990s of the performance of US companies during the 1987 stock market crash found out that the shares of the ten most admired companies dropped less and recovered faster, while the shares of the ten least admired companies plunged three times as far a very strong indication that having a good corporate reputation can pay real dividends. Various authors have identified several benefits of a good corporate reputation: (Atkins, et al., 2006) state that a good reputation is highly valuable and can benefit a company enormously. Potentially, it can result in: Banks being willing to supply loans on more favourable rates and terms: Good employees being attracted to work for the organisation, and their services being retained Investors being more likely to place their capital in the firm; Improvement in sales Maintenance and enhancement of market share Public perception of the organisation as an asset to the society in which it operates (John Croft, 2003), identify similar benefits: Securing profits and future cash flows Attracting new business partners Securing investment Attracting new customers word-of-mouth In ¬Ã¢â‚¬Å¡uencing political and legal affairs Human capital: retaining good staff and attracting the best employees Allowing easier entry to new markets and brand extensions Enabling successful mergers and acquisitions Helping to reinforce relationships with suppliers and distributors and other direct stakeholders Enhancing relationships with NGOs or corporate activists that potentially could be aligned against you 2.3 Area of Further Research One area of interest for future research work identified while carrying out this research work is on handling reputation risks from social networking sites and other online media sources the so called web 2.0. Web 2.0 allows users to interact and collaborate with each other in a social media dialogue and the mediums include social media sites like Facebook, blogs, twitter and other mediums which allow people to freely air their opinions. This area is important because in recent times, a lot of companies have had their reputation damaged through web 2.0 mediums. What makes web 2.0 dangerous is that response time is very limited; the most time an organisation has to squelch rumours or avoid a reputational disaster is 24 hours. It would be immensely helpful if further research is done into helping companies and various organisations cope with the risks from these mediums. CHAPTER 3: Data Collection and Research Methodology 3.1 Data Collection Data has been collected from a wide range of secondary sources; newspaper articles, academic journals and online resources. This study was also based on documents from five categories of media: (i) print newspapers, (ii) online editions of print newspapers, (iii) the Associated Press newswire, (iv) Blogs, and (v) Internet forums. 3.2 Methodology The research is tailored as a case study. This method gives a multi-perspective approach, incorporating the views of direct stakeholders, indirect stakeholders and the interactions between these two groups. This case study will be based mainly on secondary data. The paper will comprise the collection of secondary data from a broad variety of sources such as business academic journals, books, reports, newspapers and internet articles on the Toyota vehicle recall crisis. All information will be taken from the public domain and the author has put into consideration the possibility of errors in press reports and other sources. The research will use various underlying risk classifications identified in the Roads to Ruin report by Cass Business School for AIRMIC to trace the underlying cause of the crisis. The Roads to Ruin report is a highly valuable guide for this research as it investigates the origins and impacts of over twenty major corporate crises of the last decade. The report was chosen because it provides a rich source of lessons about risk, risk analysis and risk management detailing over one hundred specific lessons about risk. This will be particularly helpful as I develop my recommendations on this subject. A crisis communication framework developed by (Lukaszewski, January/February 1999) would also be used to analyse Toyotas crisis response. CHAPTER 4 Review of the Recall Crisis In this chapter, the author shall in line with the research objectives, test the effectiveness of Toyotas reputational risk response to seven key risk areas identified in the Roads to Ruin report and in so doing trace the deeper cause of the crisis. According to the report, these key risks areas include: Board skill and Non-Executive Directors (NED) control risks -risks ar

Friday, October 25, 2019

Urban Legend of Bloody Mary :: Urban Legends Ghost Stories

Bloody Mary Part One: Collection of the Story The story of â€Å"Bloody Mary† was told to me by a twenty year old male. He is a current student at a University, studying accountancy. He has very conservative beliefs regarding politics. His father is an insurance broker and his mother stays at home. This story was collected on March 18, 2006, at his residence. This is the story as he told it to me: I originally heard this from my brother when I was like ten years old. I also saw it in the movie Urban Legends. But I’ll tell you the version my brother told me. You have to go into a bathroom in your house. You turn off all of the lights and stand facing away from the mirror. You then spin around thirteen times and say ‘Bloody Mary’ thirteen times. After you finish spinning you turn around and you will see Bloody Mary looking back at you through the mirror. My brother and his friends made me do it one day at my house and nothing happened to me. The teller showed no unusual emotion while retelling this story to me. He was positive that it was not true. He told the story in a mocking tone; he sometimes finished his sentences with laughter or a smile. Part Two: Compare Versions of the Story The story of Bloody Mary is a very extensive urban legend. Bloody Mary is one of many names that can be chanted to summon this ghost. Snopes.com lists that â€Å"Bloody Mary, Bloody Bones, Hell Mary, Mary Worth, Mary Worthington, Mary Whales, Mary Johnson, Mary Lou, Mary Jane, Sally, Kathy, Agnes, Black Agnes, Aggie, Svarte Madame† are all names that have been used in the retelling of this story. With an increased number of retellings comes an increase in the variation between individual stories. The version of the story told to me did not include Bloody Mary punishing the one that summoned her. Versions in which the summoner is punished describe a wide variety of fates.. Snopes.com lists that Bloody Mary â€Å"May strike her summoner dead, drive her mad, or fiercely scratch her face. She may merely peer malevolently out through the mirror, or she may drag one of the girls back through it to live with her.† This legend has several other deviations; such as the number of times you have to say the name of the spirit, and the room in which you perform the ritual. Urban Legend of Bloody Mary :: Urban Legends Ghost Stories Bloody Mary Part One: Collection of the Story The story of â€Å"Bloody Mary† was told to me by a twenty year old male. He is a current student at a University, studying accountancy. He has very conservative beliefs regarding politics. His father is an insurance broker and his mother stays at home. This story was collected on March 18, 2006, at his residence. This is the story as he told it to me: I originally heard this from my brother when I was like ten years old. I also saw it in the movie Urban Legends. But I’ll tell you the version my brother told me. You have to go into a bathroom in your house. You turn off all of the lights and stand facing away from the mirror. You then spin around thirteen times and say ‘Bloody Mary’ thirteen times. After you finish spinning you turn around and you will see Bloody Mary looking back at you through the mirror. My brother and his friends made me do it one day at my house and nothing happened to me. The teller showed no unusual emotion while retelling this story to me. He was positive that it was not true. He told the story in a mocking tone; he sometimes finished his sentences with laughter or a smile. Part Two: Compare Versions of the Story The story of Bloody Mary is a very extensive urban legend. Bloody Mary is one of many names that can be chanted to summon this ghost. Snopes.com lists that â€Å"Bloody Mary, Bloody Bones, Hell Mary, Mary Worth, Mary Worthington, Mary Whales, Mary Johnson, Mary Lou, Mary Jane, Sally, Kathy, Agnes, Black Agnes, Aggie, Svarte Madame† are all names that have been used in the retelling of this story. With an increased number of retellings comes an increase in the variation between individual stories. The version of the story told to me did not include Bloody Mary punishing the one that summoned her. Versions in which the summoner is punished describe a wide variety of fates.. Snopes.com lists that Bloody Mary â€Å"May strike her summoner dead, drive her mad, or fiercely scratch her face. She may merely peer malevolently out through the mirror, or she may drag one of the girls back through it to live with her.† This legend has several other deviations; such as the number of times you have to say the name of the spirit, and the room in which you perform the ritual.

Thursday, October 24, 2019

A close focus on act III of ‘The Crucible’ Essay

The play, ‘The crucible’, shows how people react to mass hysteria caused by a group of people, as people did during the McCarthy hearings in the 1950’s. The â€Å"House un-American activities committee† searched for communist sympathisers because they were felt to be a threat to the state. Many Americans were wrongly accused of being communist sympathisers and were convicted and sentenced without any real evidence of them having committed a crime. Mere suspicion was classed as evidence. And like the during the witch hunts, anyone who spoke out was accused which made defending yourself a death wish. This is how McCarthyism was linked with the witch-hunts that had taken place in Salem, Massachusetts in 1692. The title of the play describes exactly what was happening at the time of the witch-hunts. A crucible is a container in which metals are heated to extracted the pure element from impurities, and crucible is another word for a cauldron that witches use to brew their magic potions in. So the word ‘crucible’ could metaphorically be used to explain how the activities in Salem were like a potion brewing in a cauldron with the potion being ‘mixed’ to separate the witches (impurities) from the good, god-loving citizens (element). The opening scene of the play shows the girls dancing in the woods around a cauldron, they are spotted by Parris who also see’s that one of them is naked.  The people of Salem were Puritans and so dancing was perceived as a sin.  The morning after the dancing, two of the youngest girls cannot wake from bed. A doctor is called to help the girls but he cannot diagnose what is wrong with them or how they can be helped, His only advice is to look to the unnatural. The girls do not confess to their activities until Parris confronts them. Abigail says all that they did was dance and strongly denies that any of them were naked, ‘Uncle, we did dance.’ ‘There is nothin’ more. I swear it, uncle.’ Mrs Putnam, the mother of the other ill child, believes that her daughter Ruth and Parris’s daughter Betty’s illnesses are caused by the devil. Parris calls for Hale who is an expert on ‘demonic arts’  Parris is the minister of the Village, much to the Putnam’s dismay. Mr Putnam’s brother was in competition with Parris for the position of minister and so the Putnam’s have a grudge against not only Parris, but the Nurse family who prevented him from being minister and many of there neighbours for various reasons. Especially with Giles Corey who has worked out that the Putnam’s will do anything to get their hands on other peoples land, ‘This man is killing his neighbours for their land!’ John Proctor also has a grudge against Parris. Hale arrives in Salem, He is a confident and well education young man who believes he has all the answers. As he is examining Betty Giles Corey distracts him by asking him questions about his wife. Giles says that his wife reads strange books whilst they are in bed and while she is reading, he cannot pray. Hale carries on trying to help Betty with little effect. Parris tells Hale that he thinks he saw a kettle in the grass with the girls in the wood with something moving inside it. Hale questions Abigail but she denies that she drank blood and called the devil. Abigail then realises that if the truth is found out she will get in a lot of trouble and so she passes the blame onto Tituba, Parris’s black slave, by saying that Tituba forced her to drink blood and even blames her wicked dreams on the slave. Tituba confesses to save herself from being hung. She mentions four people’s names that she supposedly saw with the devil. Abigail mentions more and more names and then the rest of the girls join in, mentioning the names of anyone they hate, have a grudge against or just dislike. As the girls cried out more names, the hysteria began to grow.  By accusing others of witchcraft they are diverting attention away from their original misdemeanours. We can see that the Proctors relationship is not very strong, they make petty small talk over dinner and don’t appear to be happy together. One reason for this may be that Elizabeth has not forgiven John for having an affair with Abigail whilst she was ill.  Whilst Mary was at court with the other girls where people were being tried for witchcraft she made a poppet for Elizabeth. Abigail was sitting next to Mary whilst she made it. By now 39 women had been arrested and Goody Osborn was sentenced to hanging.  Mary, who had always been a very shy, timid girl was now becoming very easily led along by Abigail and just as confused between fact and fantasy as the other girls and. This is apparent when she tells the Proctors that Sarah Good had confessed to having made contact with Lucifer, and that Sarah Goods spirit tried to choke her in the courtroom. Mary then speaks of even more fantasy when she says that terrible stomach pains had been inflicted upon her when she had turned the old woman away whilst she was begging. Mary also accused the old woman of mumbling a spell to her, but Sarah Good claimed it was not a spell, it were her commandments. The court asked her to repeat the commandments, but she could not.

Wednesday, October 23, 2019

Personal Life and William Hazlitt

Many people say will say that â€Å"money cannot buy happiness. † Nineteenth-century author, William Hazlitt, wrote â€Å"On The Want of Money† to put forward his belief that a life without money is a life full of misery. Hazlitt uses negative diction, parallelism, and specific syntax to show that a person could not lead a happy life without money. In his writing, Hazlitt uses negative diction to discuss the importance of money in one’s life.. Hazlitt uses words like â€Å"crabbed† â€Å"morose† and â€Å"querulous† to show the discontent one would feel without money.With his gloomy word choice, Hazlitt establishes a negative tone and gives his audience a clear idea of what a miserable life one would have without money. Doing this, he suggests the idea that the poor have no control of their lives because they don’t have the money to change the way their miserable lives. Equally important, Hazlitt uses parallelism to stress the importan ce of money in a happy life and show the dreadful instances a person in poverty can go through.He states that living without money, â€Å"it is to live out of the world, or to be despised if you come into it†¦it is to be scrutinized by strangers, and neglected by friends†¦Ã¢â‚¬  By doing this, Hazlitt explains how a person without money cannot possibly be happy, because he or she will be disliked by everyone around them. The dark mood set by all of the examples Hazlitt gives portrays what Hazlitt thinks a life without money would be: difficult, lonely and overall unhappyFurthermore, Hazlitt uses specific syntax to prove his point that one without money cannot possibly be happy. He uses one long sentence that stretches from lines 2 to 47 to put an emphasis on the fact that people without money lead a life filled with misery. Hazlitt’s use of the lengthy sentence represent all of the never-ending obstacles one without money faces. Hazlitt’s purpose in doing t his is to accent his idea that a person without money does not lead a happy life.By using one long sentence instead of many shorter ones, Hazlitt makes the reader feel hopeless and as if they were drowning in their distress Overall, Hazlitt uses negative diction, parallelism and syntax to show his belief that money is what gives you happiness in life. By stating so many examples and employing his strategies, Hazlitt makes reader feel deprived of their hope of being happy in this world without money, which is exactly what the author’s purpose was. To be without money is to be â€Å"†¦dissatisfied with every one, but most so with yourself.. †