Tram Accident and Driver Vision Enhancement

As a university student, you will need to continue your education by reading informative texts often and carefully. To practice this skill your homework assignment is to choose an article from a reputable source and read it. Your research reports should be completed on topics or themes related to your research topic somehow. You will need to print or make a copy of your article and attach it to this report.After reading an article of your choice from either: Newsweek Magazine, Time Magazine, Reader's Digest, or National Geographic Magazine answer the questions low. Do not write the title as an answer to any of the questions below other than number 1. Do not copy from the article. All answers should be in your own words. Proofread your writing for grammar, spelling, and punctuation mistakes. 1. Title: a printed copy also): 2. Author: 3. Source (Include 4. Date Published: 5. Why did the author write this article? Use a complete sentence. Points) Brian Dads wrote this article to explain the new technologies that help to reduce car crashes. Also, he represents the number of death, injured or disabled around the world. According to the World Health Organization (WHO), more than 1. Million people worldwide die every year as a result of car crashes. This figure represents an average of 3242 people dying every day around the world. In addition to these deaths, between 20 million and 50 million people globally are estimated to be injured or disabled every year.Use correct punctuation (Points). Explain in two or three sentences what it meant to you and why you like/dislike this quote (Points). Use the space provided. The article titled † New Technologies to Reduce Road Accidents † reported that technology will significantly reduce the number of people killed in car accidents, currently more than 1. 2 million people per year worldwide.. The author wrote, † If drivers won't act to reduce road deaths, maybe technology will do the Job â€Å"(Dads 2010 ). T his quote is useful because it has shown that 150 points possible

Financial Ratios and Stock Return Predictability

The results indicate that DY and EY ratios has direct positive association with stock return where as B/M ratio has significant negative relationship with stock return. Therefore we can say that the above mentioned ratios are able to predict stock returns, furthermore it can be seen that as compare to dividend yield and earning yield the ratio of book to market has the highest predictive power. Moreover when we combine these financial ratios the predictability of stock returns will enhance. Keywords: Financial ratios, Stock return, Karachi Stock Exchange, Dividend Yield, Earning Yield. 1.Introduction Stock Market plays a very significant role in the economic growth of a country. According to A. Schrimpf (2010) there is significant economic aftermath of the existence of stock return predictability. S. Kheradyar et al, (2011), â€Å"The Analytics of Economic Time Series†, states that in stocks market share prices move randomly i. e. on certain day share prices are like to go dow n as they were like to up. Such random behavior worried some of the financial economists and followed by further research. Hence such random movement of share prices lead to a hypothesis called Random Walk Hypothesis.Random walk hypothesis suggest that it is difficult to predict share prices because stock prices evolved, now it will be showing upward trend but after some time such might be showing downward trend. Hence predicting 100% accuracy of stock return is almost impossible. In contrast to Random Walk Behavior is efficient market hypothesis. According to efficient market hypothesis share prices are fairly priced in the stock market or prices of stock demonstrates information in the market is widely and equally available to all and no one in the market can outperform or can beat the market.With the passage of time researchers tries to find out most accurate variables for predicting stock prices, some were tend towards financial and some were towards profitability ratios i. e. b ook to market ratio, price to earnings ratio, 1 Research Journal of Finance and Accounting ISSN 2222-1697 (Paper) ISSN 2222-2847 (Online) Vol 3, No 10, 2012 www. iiste. org dividend yield, etc some were tend towards cash flow ratios like price to cash flow ratio, cash burn ratio, etc and some focused on macroeconomic variable like interest rate, law and order situation and inflation rate etc.In this research article we have investigated 3 above mentioned ratios to determine whether they predict stock returns. This research study has used the stock return and the above mentioned financial ratios association at two samples as the foundation for the formulation of Eight hypotheses. On the grounds of their appropriate regression models the eight hypotheses are divided into two sets. In this study we have used the two models of simple and multiple regressions to apply Predictive regression; it is an important tool for predicting stock returns. A set of panal data is used for the formulat ion of these two models.For tackling the problem of heteroskedasticity and non-normality distributed residuals, we applied generalized least squares method. 2. Literature Review Campbell and Shiller (1988) stated in their study that as dividend yield has the ability to confine expected return and expectation about growth in dividend yield so dividend yield is good predictor of stock return. Chan, L. Hamao, Y. Yakonishok, J. (1991), found that in Japanese market fundamental variables like dividend yield, price to earnings ratio, book to market ratio and firm’s size have significant impact on expected earning/returns of stocks.They notify that there is indirect relationship between earning yield and stocks returns in Japan. In comparison of the size of the firm and earning yield, B/M and dividend yield (cash flow yield) are significantly related with returns of stocks. They further added that an important variable both economically and statistically is book to market ratio and this need to be observe because either the afterward half of the sample is judged or for the first time test is applied the book to market ratio shows it continuation. Mukerji, S. Dhatt, M. Kim, Y. 1997), on Korean Stock market for a period of 1982-1992 establish a direct relationship between return of stocks and D/E, S/P and B/M, moreover an indirect relationship between size of firm and return of stocks. They demonstrated that P/E ratio is less trustworthy indicator than B/M and S/P. Beta is a week proxy for assessment of risk when compare with debt to equity ratio. B/M and S/P are responsible for the direct relationship between return of stocks and debt to equity. However a P/E and B/M ratio becomes the base for indirect relationship between return of stocks and size of the firm.Kothari and Shanken (1997) found for US market that dividend yield and book to market ratios have dependable proof for expected real return over a period 1926-1991, and there lies a track of time series v ariations. Pontiff and Schall (1998) stated that as for predicting power is concerned book to market ratio has some predictability power for predicting stock returns. Lewellen (2002) conducted his study in US he found that predictability power of dividend yield for predicting stock returns is more than P/E and B/M ratios.Ang, A. , and Bekaert, G. , (2006), in their studies tried to forecast interest rate and stock returns with the help of predictive power of dividend yield. They found for short term forecasting, dividend yield predictive power is more than the long term forecasting. But as for the expected growth of cash flow prediction is concerned than dividend yield is a good predictive variable. Akyol, A. (2006), â€Å"analyzed the effect of firm’s size, beta, and book-to-market value on the stock returns in Istanbul stock exchange.He used data from July 1993 to December 2005 for Istanbul Stock Exchange and used Fama and French (1992) methodology to construct portfolios represented accurately by size-beta and then size-book-to-market, he found that book to market and Beta of a firms have no effect on the stock return’s in Istanbul stock exchange. Size of the firm was the only variable which was negatively related to the stock returns in Istanbul stock exchange. He also found that book to market, size and beta is not related with January effects. Hjalmarsson, E. (2004), in his study tried to find out Global stock returns predictability.He took twenty thousand monthly observation form forty international stock markets. In which 24 were of developed economy and 16 were of developing economy. However his study showed that dividend yield and price to earnings ratio has little power of predictability and defends his conclusion by adding that international result is showing deviation from traditional view because the method use internationally may not count for determination of variables. 2. 1 Hypotheses H1: return of stock and DY has no associatio n in time (t) and (t-1) respectively in sample one.H2 return of stock and EY has no association in time (t) and (t-1) respectively in sample one. H3: return of stock and B/M has no association in time (t) and (t-1) respectively in sample one. H4: return of stock and DY has no association in time (t) and (t-1) respectively in sample two. H5: return of stock and EY has no association in time (t) and (t-1) respectively in sample two. H6: return of stock and B/M has no association in time (t) and (t-1) respectively in sample two. 2 Research Journal of Finance and Accounting ISSN 2222-1697 (Paper) ISSN 2222-2847 (Online)Vol 3, No 10, 2012 ww. iiste. org H7: return of stock and DY, EY, B/M combination has no association in time (t) and (t-1) respectively in sample one. H8: return of stock and DY, EY, B/M combination has no association in time (t) and (t-1) respectively in sample two. 3. Research Methodology In order to check predictability power of earning yield, dividend yield and book t o market ratios for predicting stock returns the study has taken a sample of 100 firms for a period of 2005-2011. We have applied certain screening criteria’s for companies to be included in the sample.First, the firm must be listed on the KSE before Jan 1st 2005. 2nd, for more than twelve months a stock must not be deferred. 3rd, for the study period of seven years a company stock must not be delisted. 4th, data must be available for all sample firms and variables. Finally, for a period of more than twelve months the dividend yield of firms must not be zero. The study has divided the selected firms into two equal samples, which will reduce the effects of random sampling errors and for the predictive regression two samples produce different estimation.The study is based on secondary data, which is collected from, â€Å"State Bank of Pakistan†, company’s annual reports, business recorder and from â€Å"Karachi stock exchange†. Following S. Kheradyar et al, (2011) this study includes stock returns as dependent variable while dividend yield, earning yield and B/M ratios has been taken as independent variables. 4. Measurement of Variables 4. 1 Stock Return Following Lewellen (2001) and S. Kheradyar et al, (2011) we have used stock return as dependent variable.Stock return is measured by dividing capital gain along with dividend per share on market price per share. Following is the formula for stock returns. SRi = DPs + capital gain/market price 4. 2 Book to Market Ratio For finding value of company by comparison of market value of a share to its book value, study tends towards book to market ratio. For finding book value of a firm the study divide equity of a firm by its total number of outstanding shares. As for market price is concerned study tend towards the ongoing price of share in stock market.If a firm offer high return and having high book value than its market value, the firm is riskier and in future returns of stock will be lo wered than today. The following formula is used for calculating book to market value: B/M = Book Value per share Market value per share Lewellen (2001) states that as compare to P/E ratio B/M has higher predictive power for predicting stock return. But when study compare B/M ratio with dividend yield than dividend yield is good forecaster than B/M ratio. 4. 3 Dividend yield Following S.Kheradyar et al, (2011) second independent variable in this study is Dividend yield which is calculated as dividing dividend per share on market price per share. If market price is lower than dividend yield will be higher and give a riskier signal for investment. Contrast to higher dividend yield is low dividend yield; such happen when market price per share is higher than dividend yield and gives an optimistic view for investment.The following formula demonstrates how to calculate dividend yield: Dividend Yield (%) = (Dividend per Share / Market rate per share) x 100 4. Earning Yield The empirical li teratures lay foundations of the predictive power of earning yield on stock return, and find out the association between earning yield and stock return is considerable, because earning yield plays as a risk factor in relation with stock return. Moreover, the earning yield can demonstrate the efficiency of market that has an important role in emerging markets, thus this study uses earning yield as the empirical predictor of stock return. Following S. Kheradyar et al, (2011) we have measured earning yield as earning per share divided by price of share. 5.Regression Model In this research article we have investigated three financial ratios EY, DY and B/M to determine whether they predict stock returns. This research study has used the stock return and the above mentioned financial ratios association at 3 Research Journal of Finance and Accounting ISSN 2222-1697 (Paper) ISSN 2222-2847 (Online) Vol 3, No 10, 2012 www. iiste. org two samples as the foundation for the formulation of Eight hypotheses. On the grounds of their appropriate regression models the eight hypotheses are divided into two sets.In this study we have used the two models of simple nd multiple regressions to apply Predictive regression; it is an important tool for predicting stock returns. A set of panal data is used for the formulation of these two models. For tackling the problem of heteroskedasticity and non-normality distributed residuals, we applied generalized least squares method. Following S. Kheradyar et al, (2011) we have used panal models to formulate predictive regressions. Hence we have used simple regression model to test the first 6 hypothesis which are formulated on the basis of association between each financial ratio and future stock returns.The simple regression model has the following form: SR it = ß0 + ßi Xi (t-1) + eit Where, SR it= in time period t, the return of ith stock, ß0= the estimated constant, ßi= ith stock predictable coefficient, Xi (t-1) = in period t-1 financial ratios of the ith stock, eit = error term. Similarly following S. Kheradyar et al, (2011) we have used multiple regression model to test the other two hypotheses H7 and H8, these two hypotheses are formulated on the basis of relationship between combined financial ratios and future stock returns.The model has the following form: SR it = ß0 + ßi1 DYi (t-1) + ßi2 EYi (t-1) + ßi3 B/Mi (t-1) + eit Where, SR it= in time period t, the return of ith stock, ß0= the estimated constant, ßi1= for DY the Ith stock predictable coefficient, ßi2= for EY the Ith stock predictable coefficient, ßi3= for B/M the Ith stock predictable coefficient, DYi (t-1) = is ith stock DY factor in period of time t-1, EYi (t-1) = EY factor of ith stock in period of time t-1, B/Mi (t-1) = B/M factor of ith stock in t-1 time period, eit = error terms. 6.Results and Discussion For the first 6 hypothesis the predictive regression results are summarized in Table 1. The coefficient of di vidend yield in Table 1 demonstrates a positive relationship of dividend yield in period (t-1) and stock returns in period (t) in both samples that is when dividend yield increases by one unit it will cause an increase of 0. 021 and 0. 010 units in stock returns of two samples respectively. As for the p-value of coefficient of Dividend yield is concerned it is 0. 016 in sample one which is less than 0. 5, so the relationship is statistically significant and the null hypothesis H1 is rejected, however in sample two the association is insignificant so hypothesis H4 cannot be rejected.The coefficient of earning yield in Table 1 demonstrates a positive relationship of earning yield in period (t-1) and stock returns at period (t) that is when earning yield increases by one unit it will cause an increase of 0. 013 and 0. 008 units in stock returns in the two samples respectively. As for the p-value of coefficient of earning yield is concerned it is 0. 19 and 0. 010 in the two samples resp ectively which is less than 0. 05, so the relationship is statistically significant, therefore we will reject hypothesis H2 and H5. The negative coefficient of Book to market value in table 1 notifies an inverse relationship of B/M and stock returns in both samples that is if B/M ratio increasing the stock return will be decreasing and vice versa. The p-value of coefficient of B/M value 0. 000 indicates that the relationship is statistically significant in both samples, so hypothesis H3 and H6 have been rejected.S. Kheradyar et al, (2011) found that DY has negative influence on stock return, and a positive association between EY and stock return. He also found a positive impact of B/M on stock return in (2) (1) 4 Research Journal of Finance and Accounting ISSN 2222-1697 (Paper) ISSN 2222-2847 (Online) Vol 3, No 10, 2012 www. iiste. org sample 2 but a negative one in sample 1. It can also be noticed by looking at the adjusted R-square that B/M has the highest predictive power, and th is result is also supported by S. Kheradyar et al, (2011). Insert Table 1 Here) Now we will test to see whether stock return predictive power increases with the combination of EY, BM and DY. We will reject H7 and H8 because it can be seen in Table 2 that the predictive regressions are statistically significant. Thus we can say that stock return can be predicted by the combination of EY, BM and DY. Also we can say that as compare to the other two ratios, the variations of the ratio of book to market has greater impact on stock return, because in both samples it has the highest coefficient.Similarly by looking at the adjusted R-square we can say that in the two samples stock return predictive power increases when the combination of EY, BM and DY increases. (Insert Table 2 Here) 6. Conclusion Literature regarding predictability of stock returns has changed over the last 20 years. With evolution researchers and economists separated price to earnings ratio, dividend yield, inflation, and book to market ratio, beta, industry returns, interest rate, and size of firms from amongst other variables which were considered important for predicting return of stocks.Presently strong evidences are present regarding variables for predicting stock returns. Analysis showed that financial ratios have significant power of predictability for forecasting returns of stock and they predict future stock return of Pakistani market, and B/M has higher predictive power as compare to other ratios. Similarly the predictability of stock return is enhanced by the combination of financial ratios. References A. Schrimpf, (2010). International Stock Return Predictability under Model Uncertainty. Journal of International Money and Finance, 29: 1256-1282. S. Kheradyar, I. Ibrahim, and F.Mat Nor, (2011). Stock Return Predictability with Financial Ratios. International Journal of Trade, Economics and Fiance, 2(5): 391-396. J. Y. Campbell, and R. J. Shiller, (1988). Stock Prices, Earnings and Expecte d Dividends. Journal of Finance, 43(3): 661-676. Chan, L. Hamao, Y. Lakonishok, J. (1991). Fundamental and Stock Returns in Japan. The Journal of Finance, 17391764. Mukerji, S. Dhatt, M. Kim, Y. , (1997). A Fundamental Analysis of Korean Stock. Financial Analyst Journal, 53: 7580 Kothari, S. P. , Jay A. Shanken, (1997). Book-to-Market, Dividend Yield and Expected Market Returns: A TimeSeries Analysis.Journal of Financial Economics 44: 169-203. J. Pontiff, and L. Schall, (1998). Book-to-Market Ratios as Predictors of Market Returns. Journal of Financial Economics, 49: 141–160. Lewellen, J. , (2002). Predicting Returns with Financial Ratio. National Bureau of Economics Research, MIT working paper no. 4374-02 Ang, A. and Bekeart, G. , (2006). Stock Returns Predictability. The Review of Financial Study, 651-707. E. F. Fama and K. French, (1992). The Cross-Section of Expected Stock Returns. Journal of Finance, 47: 427-465 Lewellen, J. , (2001). Predicting Returns with Financial Ra tios. Journal of Financial Economic, 209-235.

Entrepreneurship Case Study Example | Topics and Well Written Essays - 1500 words

Entrepreneurship - Case Study Example However, in recent days, the concept has been altered greatly and presently it includes several social as well as political elements. Entrepreneurship has a considerable significance in the present business scenario as consumers are greatly influenced by innovative business ideas. The world has witnessed the emergence of many eminent entrepreneurs who contributed to the growth of modern business concepts. At this juncture, this paper will evaluate the entrepreneurial success of James Caan in his venture Hamilton Bradshaw and how his attitudes, approaches, and strategies have played a major role in the success of his venture. James Caan James Caan is a UK entrepreneur who was born in 1960 in Lahore, Pakistan. Caan, who got popularity for his innovations has been developing and selling business ventures since 1985. Lahore Business School has expressed its admiration to Caan when it awarded honorary doctorate to this innovative entrepreneur. The business world witnessed Caan’s he ight of confidence when he sold his venture, the Alexander Mann Group, a company with turnover of ?130m and operations in 50 countries. Recently in 2010, Caan launched his new venture HB Real Estate into market with intent to target investments. History of Hamilton Bradshaw ‘Hamilton Bradshaw is a leading mid-market private equity firm’ which is headquartered at London and it is founded by James Caan in 20031. James Caan himself made whole investments to commence this business venture and that makes the Hamilton Bradshaw different from other similar private firms. Even though Hamilton Bradshaw is a mid-market firm, it has business interests in all sectors of the industry. It ‘invests in companies across sectors and at all stages’ irrespective of the business traditions of firms; Hamilton Bradshaw is also interested in Real Estate business and it has reserved an amount of $35 million for the purpose2. Caan got a gap year after he sold his shares in Alexander Mann, Humana Mann, and Recruitment International. During this period, Caan closely watched different market sectors in addition to his advanced management study at Harvard. From his observations, Caan identified that many industries collapsed as they had failed to develop innovative concepts, and sufficient financial sources that were highly necessary. Caan had good experience in recruitment and hence he believed that the concept of HB would play a vital role in the business world if it made equity investments in financially and strategically struggling companies. Moreover, the sale of Alexander Mann also persuaded Caan to begin this new venture. James Caan strongly believed that major portions of corporate failures can be avoided if the firms are provided with sufficient strategic advices and financial assistance. Hence, HB not only finances the companies but also closely examines their business strategies. It will also identify the most appropriate resources in order to safeguard HB’s interests in those companies. Caan also believed that inter-cooperation between international business houses would avert business failures to a large extent. Since HB is a huge company having world wide network of top performing business houses, it can assist weaker member firms to get access into HB’s global network of resources and thereby increase their operational efficiency. Caan’s admirable innovativeness is evident in the success of

Case study Example | Topics and Well Written Essays - 750 words - 21

Case Study Example Taking more than two tasks makes one ineffective (Drucker 2). According to (Drucker 3), knowledge becomes useful after being translated into action. However, one has to write the course of action before taking the action. An action plan only states the intentions and not a commitment. This has to be revised often since every success or failure brings about new opportunities. In addition, there are other changes in the business setting which require revision of the plan. Action is also important, as it is the basis for one’s time management. One should make a decision, which is considered complete, if one has taken full responsibility of the decision. The name of the person executing it, the deadline, name of the individuals who will be affected by the action and the person who will be informed of the decision have to be clear, in order to ensure responsibility. Decisions are made in all levels of organisational management. Even in low levels, decisions are vital and should not be overlooked (Drucker 4). For one to be an effective leader, he should ensure that both their plans and their need for information are understood. Thus, they ought to share their plans and ask for the opinion of their co-workers. They should also let everybody get the information that they need to perform their duty (Drucker 5). Effective leaders centre on opportunities instead of issues. This is because problem-solving does not give a good outcome, whereas exploiting an opportunity yields better results. There are situations which a leader can take as opportunities. Some of these situations are unexpected failure or success; the difference between the reality and the potential in the market; transformation in an industry; market structure and innovation in a product, process, or service. Another vital element of focusing on opportunity is staffing. Effective executives place their best staff on opportunities instead of problems. One of the ways of doing this

America's Involvement in World War Two and How it helped contribute to Research Paper

America's Involvement in World War Two and How it helped contribute to America becoming a Super Power - Research Paper Example America was not directly involved in the war in the early stages. The necessity increased after the fall of France, the Pearl Harbor incident but mainly when Hitler declared war on U.S. This led to America’s direct involvement in the World War II and helped America to transition from a great power to a super power. World war II started by the deep seated anger in German due to the loss in World War I. Hitler a new leader in Germany transformed it from a defeated state to powerful one with a large army of up to 400,000 men which led to the breaking of the treaty of Versailles (Langley). March 16th 1935 Hitler tore up the treaty of Versailles when he started to build up his army (Hills & Barber 10) .Although U.S.A had always been an ally in the Second World War its direct involvement did not came after much later. In 1939 its only involvement was to provide arms and ammunition in turn of cash from countries. America was indirectly helping the allies by starving Japan of oil. Winston Churchill repeatedly tried to convince Franklin D. Roosevelt to enter the war but it was after Hitler’s declaration of war, the attack by Japanese on USA naval base in Pearl Harbor, America got directly involved in the war. ... This attack led to allies invading Italian mainland leading to the capture of Rome. The United States along with other allies continued to attack the Axis powers which led to the retake of Paris in the D-Day Invasion (Hills & Barber 17, 25). In the Tokyo Bombing Raids American bombers destroyed up to 250,000 buildings and killed 83,000 in massive fire bombing. It continued to play an important part in the attacks on the Axis Powers, till the end of the war where it dropped two atomic bombs in Japan bringing the war to an end. These included the two nuclear bombing the world had ever seen one being in Hiroshima and the other in Nagasaki. Both bombings left the city with massive destruction with large number of causalities breaking the strength of Japan totally and only six days after the bombing of Nagasaki Japan surrendered. It is clearly seen by the events of the war that although America was not involved directly at first in the war it played a pivotal role once it became directly involved and it’s most important role was that of bringing the war to an end by destroying one of the main Axis powers, Japan, completely (Langley 56). It is often wondered how U.S.A reached its position of dominance in the world. And it would not be wrong to link its rise a super power to the results and events of World War II. The characteristics of super power are firstly having a strong stable economy, secondly overpowering military, thirdly immense international political power and lastly strong national ideology. Before the war America was seen as a great power along with many other powerful strong nations like Russia and Britain. It was only after the war that U.S.A emerged as a strong super power and still holds that position. Even in years

Organisational Behaviour Management Annotated Bibliography

Organisational Behaviour Management - Annotated Bibliography Example The field of organisational behaviour ventures to explain and understand human behaviour in the context of an organisation. Griffin and Moorhead (2010) provided the definition of organisational behaviour as â€Å"the study of human behaviour in organisational settings, of the interface between human behaviour, and of the organisation itself† (p. 4). Hellriegel and Slocum (2007) explained the importance of studying organisational behaviour both for personal efficacy and organisational effectiveness. Hence, a working knowledge of organisational behaviour builds up the necessary competencies to achieve effectiveness on a personal and organisational level. Equipped with the essential competencies, employees, team leaders, manager, executives and any other member of an organisation can, therefore, contribute in their own little way to diagnose, understand, explain and act on emerging issues within the organisation as one cohesive unit. The LePine, Erez, and Johnson (2002) article is a meta-analysis which complements the three aforementioned articles, but extended the coverage of these three articles into the more-encompassing concept of organisational citizenship behaviour with such characteristics as altruism, civic virtue, conscientiousness, courtesy and sportsmanship. The articles of Brief and Weiss (2002) and Ashkanasy, Hartel, and Daus (2002) tackled similar affects of organisational behaviour: moods and emotions, and diversity and emotions, respectively.... A more profound understanding of moods, emotions and diversity will be instrumental in bringing out positive behaviour in the workplace. These two articles also demonstrated how a study of moods, emotions and diversity can foster positive and healthy working atmosphere. The Daus and Ashkanasy (2005) article is an important inclusion in this annotated bibliography on organisational behaviour management because an ability-based framework of emotional intelligence can help support the development of positive behaviours, organisational citizenship behaviour, and positive moods and emotions. Daus and Ashkanasy’s (2005) eloquent defence of their model against detractors buttressed the importance of emotional intelligence in organisational behaviour management, not just for leaders, but also for employees. The systematic review of Boudreau (2004) regarding organisational behavioural research revealed significant inputs about the progress of research in the various areas of organisati onal behaviour. The findings should serve as a guide for business and psychology researchers wanting to explore the virgin areas for scholastic inquiries, particularly in order to boost existing knowledge on positive organisational behaviour. Annotated Bibliography Research No. 1 REFERENCE Youssef, C. M. & Luthans, F. (2007). Positive organisational behaviour in the workplace: The impact of hope, optimism, and resilience. Journal of Management, 33(5), 774-800. AIM / PURPOSE The aim of the article was to detail the findings of the study which examined the relationship between the positive psychological resource capacities hope, optimism and resilience, and desired work-related employee outcomes; and how these psychological resources

Recruitment and selection Essay Example | Topics and Well Written Essays - 1750 words

Recruitment and selection - Essay Example Recruitment and selection are identified as a fundamental to success of an organisation. Placing a deserving candidate at a right place, at a right time ensures that the organisation would not perform below its targeted objectives. Within that context, a process of recruiting and selecting possesses a paramount importance as it is that door that facilitates new comers to become a part of a team.However, online recruitment and selection have considerably revolutionized this concept from the management points of view and from a potential applicant’s point of view Placing a deserving candidate at a right place, at a right time ensures that the organisation would not perform below its targeted objectives. Within that context, a process of recruiting and selecting possesses a paramount importance as it is that door that facilitates new comers to become a part of a team. However, online recruitment and selection have considerably revolutionized this concept from the management point s of view and from a potential applicant’s point of view. 13 Boots and Waitrose are two companies who are analysed from the management’s perspective. The former sets a certain expectations. And, for that purpose it uses the images and pictures in a way to influence over the thinking of potential candidates for employment in Boots. It portrays the pictures and images of its employees as being satisfied with the environment and they enjoy working with Boots. The Boots management considers and values such depictions as a way to communicate with the potential employees. They believe that the content and messages being displayed on its recruitment website must be simple, easy to read and understandable, and it must deliver what the management expect that content to. On the other hand, Waitrose do not use images and pictures of its employee to depict the inside environment of Waitrose. Instead, Waitrose believe in using more professional content and professional use of words in a way to satisfy the expectations of potential employees. For example, its use the word â€Å"partners† instead of using â€Å"employees†. This sort of management philosophy highlights how much values Waitrose attaches with its current and potential partners. They give them a sense of partnership rather than a concept of employee-employer relationship. 13 5.2 Recommendations 14 6.0Bibliography 15 7.0Appendices 16 7.1Peer Review Forms 16 7.2 Interview Questions 19 Executive Summary 1.0 Introduction Recruitment and selection is one of the most important factors to consider for an organisation. Welch and Welch (2005:81 as cited in Banfield & Kay, 2008) said â€Å"†¦nothing matters more in winning than getting the right people on the field.† This is exactly the same when it comes to organisations, recruitment and selection is responsible for ensuring that they have the right people working in the best positions for the organisation to succeed. The use of on line recruitment has increased in more recent years, it is claimed by Price (2007) that 90% of large US businesses use online recruitment. This is becoming a vital part of the recruitment and selection process in the 21st century as more and more jobseekers are turning to the internet in order to find a job that suits them. It is also claimed that web based recruitment can decrease cost of recruitment by 95% from more traditional methods (Price, 2007). This has obvious financial advantages for organisations, but other benefits to organisations include reduced staffing cost as they do not need employees to process large amounts of applications and it allows organisations to shortlist applicants in a much more efficient fashion. Online recruitment is aimed at the younger applicants (Hankins et al, 2005 as cited in Bratton & Gold, 2007) which suggests that it would particularly focus on employing fresh graduates with the high levels of talent and enthusiasm. This report is going to foc us on the online recruitme