Symbols And Metaphors Of Oedipus The King - 958 Words

The story of Oedipus the King have many symbols and metaphors that can be interpreted differently from person to person. There are many metaphors that are used as symbols in Oedipus the King, which includes sight and blindness, self-affliction, and the three way crossroad. These are the three main symbols that were used in the story, and sight means knowledge, self-affliction stems from a sense of guilt, and the three way crossroad stands for decisions. The symbol of vision is a big component of the story of Oedipus. There are several situations where vision is presented in this story and it is a symbol of knowledge. The blind man that told Oedipus that he would kill his father had knowledge about something that Oedipus did not. Although the blind man could not visually see, he had knowledge that allowed him to see Oedipus’ future through a prophecy. Oedipus had the ability to see and was warned by others and did not take the advice that was offered by others. As a result, he cut his eyes out because of the awful things that he did. The use of blindness and sight was a symbol that was used throughout the story. Some of the characters lacked the ability to see, but they had the knowledge instead. Although Tiresias was blind, he could see more about reality than most of the other characters. He was compensated for being blind with his gift of prophecy. Oedipus has excellent vision, but is blind to the truth because he does not accept the words of the prophet. HeShow MoreRelatedLiterary Devices In Oedipus The King By Sophocles810 Words   |  4 Pages400 B.C. Sophocles, a Greek dreamer, wrote the story, â€Å"Oedipus the King†. One might think that a story that old may be boring or poorly written, but in fact it is very descriptive and entertaining. Sophocles even employs different literary devices to enhance the themes throughout the story. Some of these techniques includes: metaphor, personification, imagery, symbolism, tone, meter, setting, and diction. Even though Sophocles uses metaphors during the story, the main subjects being compared areRead MoreNoting Details1540 Words   |  7 Pagesby Sopocles is characterization. In Oedipus the King, Sophocles used characterization to portray Oedipus as the tragic hero. A third literary device used in the play is flashback, which is where the story switches from the present to an event that occurred in the past. The most important literary device in the play is dramatic irony. It is frequently used throughout most of the play. For example, when Creon tells Oedipus about the gods curse on Thebes, Oedipus puts his own curse on the murderer ofRead MoreReview Of Oedipus The King 1394 Words   |  6 PagesMotif in Oedipus the King Sophocles’ writing style in the play, Oedipus the King, offers incredible insight into the ways that authors utilize recurring symbols to create motif in their plays and writings. This particular play uses a blend of irony, wit, and metaphor to create a literary motif. Sophocles explores the literal aspects of sight and blindness, in the form of knowledge and oblivion. Through recurring symbols of sight and blindness, both literal and metaphorical, Sophocles creates a motifRead More William Shakespeares Hamlet and Sophocles Oedipus the King1362 Words   |  6 PagesWilliam Shakespeares Hamlet and Sophocles Oedipus the King   Ã‚  Ã‚  Ã‚  Ã‚  Though Shakespeares’ Hamlet and Sophocles’ Oedipus the King were written in two different eras, echoes of the latter can be found in the former. The common theme of Hamlet and Oedipus the King is regicide. Also, like in Oedipus the King, there is a direct relationship between the state of the state and the state of their kings. Furthermore, there is also a relationship between Oedipus’ armed entrance into the bedroom in which JocastaRead MoreTheme Of Sight And Blindness In Oedipus797 Words   |  4 PagesSphinx.When Oedipus finally sees the terrible truth of his life, Sophocles hammers home his metaphor by having the king stab out his own eyes. Oedipus says he does this because he can no longer look on the horrors that his unwitting actions have created. With this most famous of gougings, Oedipus literally becomes the thing hes always metaphorically been: blind. At the end of the play, Oedipus becomes symbolic of all of humanity, stumbling fo rward The Scars on Oedipuss Feet When Oedipus was threeRead MoreEssay on Oedipus and Hamlet1424 Words   |  6 PagesProfessor Mihailovic 5-14-01 Though Shakespeares Hamlet and Sophocles Oedipus the King were written in two different eras, echoes of the latter can be found in the former. The common theme of Hamlet and Oedipus the King is regicide. Also, like in Oedipus the King, there is a direct relationship between the state of the state and the state of their kings. Furthermore, there is also a relationship between Oedipus armed entrance into the bedroom in which Jocasta hanged herself, and HamletsRead More The Search for Truth in Anton Chekhovs The Cherry Orchard and Sophocles Oedipus Rex1281 Words   |  6 PagesAn ignorant person is so confident they comprehend the truth, that they are blind to the greater truth. Anton Chekhov and Sophocles deal with the idea of this sinful pride that leads to ignorance in their respective works, The Cherry Orchard and Oedipus Rex. In each drama, certain characters are slapped in the face with the truth; the light is revealed. However, these characters make the connection when it i s too late. Their destruction is already destined to become a reality, a horrid fate thatRead MoreAnalysis of Oedipus the King Essays1825 Words   |  8 PagesThe tale of Oedipus and his prophecy has intrigued not only the citizens of Greece in the ancient times, but also people all over the world for several generations. Most notable about the play was its peculiar structure, causing the audience to think analytically about the outcomes of Oedipus’ actions and how it compares with Aristotle’s beliefs. Another way that the people have examined the drama is by looking at the paradoxes (such as the confrontation of Tiresias and Oedipus), symbols (such as theRead MoreThe Quality Of Self Reliance953 Words   |  4 Pagesand everything happened or would happen in their life is also pre-set by the Gods. Plebeian were often restrained by such a typical perception, therefore they insisted that life was controlled by their own destiny, which was unable to deny. Though Oedipus and Socrates demonstrated their wisdom that was superior than the Plebeians when facing puzzles, the types of wisdom they possessed were different to some extent, and this is the main factor that caused different experience in their later life. TheRead MoreLacan once said, in an unpublished seminar, â€Å"the Oedipus Complex is a dream of Freud† (Felman,1600 Words   |  7 Pages Lacan once said, in an unpublished seminar, â€Å"the Oedipus Complex is a dream of Freud† (Felman, 1034). It is a questionable theory and a so-called ‘dream’ because Sigmund Freud developed the Oedipus complex in such a way that allowed him to stand as an example of his own theory. It begins with what Freud would call ‘introspection’; the analysis of one’s self. He developed terms to use in his psychoanalysis; terms that divide the self and attempt to explain aspects of the human personality. Adding

Marijuana Legalization Essay - 1982 Words

The legalization of marijuana in the United States is a long and historically debated subject. Pro-legalization advocates provide many reasons for the decriminalization of marijuana; some of the reasons include, zero recorded deaths from direct use, wasting tax-payer money prosecuting non-violent offenders, and prohibition promotes organized crime. Anti-legalization organizers condemn legalization due to marijuana being considered a gateway drug, moral and religious opposition, legalization could lead to harder drugs being legalized, and the fear that legalization would enable the drug to be more accessible to children. There are many positive and negative aspects of legalization, but personally I am in favor of legalization and†¦show more content†¦The beginning of prohibition of marijuana in the United States was marked by the Marihuana Tax Act of 1937; the act was drafted by Harry Anslinger, Commissioner of the Federal Bureau of Narcotics (FBN). Anslinger was the cata lysts to â€Å"reefer madness†, the fear that marijuana can kill and make ordinary people go insane; he was repeatedly criticized for his harshness towards marijuana, â€Å"critics allege that Anslinger and the campaign against marijuana had an hidden agenda, DuPont petrochemical interests and William Randolph Hearst together created the highly sensational anti-marijuana campaign to eliminate hemp as an industrial competitor.† (Wikipedia) This misinformation spread like wildfire in the United States and still has roots in many Americans, as they pass this information down to newer generations. The criminalization of marijuana began with the Boggs Act of 1952, and was reinforced by the Narcotics Control Act or 1956. Mandatory sentencing began with these laws; â€Å"first-offense marijuana possession carried a minimum sentence of 2-10 years with a fine of up to $20,000.† (PBS) However, in 1970 Congress repealed mandatory sentencing for marijuana offences. Und er the Nixon administration in 1972, the Shafer Commission was appointed to consider laws regarding marijuana and determinedShow MoreRelatedThe Risk Of Legalization Of Marijuana Essay722 Words   |  3 PagesThe risk of Legalization of Marijuana Marijuana, as we know, is a kind of drug. According to Thompson (2015), marijuana is not only one kind of drug, but also can be used as a medicinal material. The reason it can be a medicinal substance is that marijuana has a curative affect of relieving pain. Despite different states having a variety of regulations about the usage of marijuana, there is always one rule that is unified, which is the medicinal usage of marijuana must be approved by the FDA—theRead MoreLegalizing The Legalization Of Marijuana1012 Words   |  5 Pagesdiscourage is a way to fix the problem. Evident by Colorado and Washington, â€Å"the legalization of marijuana can stop most of these possession arrests† (Levine). After the first opening of the first retail marijuana stores on January 1, 2014, Colorado had decreased crime rates, decreased traffic fatalities and increase in economic output (DPA). Since 2010, the marijuana possession arrest have went down 84% since its legalization. The tact ic of legalizing, controlling, and discouraging has been proposed byRead MoreThe Issue Of Legalization Of Marijuana958 Words   |  4 PagesIt’s not as bad as smoking or drinking alcohol! The government knows what’s good for us! You can’t overdose on marijuana! Public schools told me â€Å"Be Healthy, don’t do drugs.† Arguments such as these are always thrown back and forth when going into a controversial conversation dealing with legalization of marijuana. Many people are on both ends of the spectrum when dealing with the legalization some may personally be involved due to run-ins with the law, family related issues, or personal beliefs. InRead MoreThe Legalization of Marijuana Essay1178 Words   |  5 PagesThere has been a debate over the legalization of marijuana since it was made illegal in the 1920s. There are opponents on both sides of the issue. There are many benefits to the legalization of marijuana, but there are also detrimental effe cts to society that are caused by marijuana use. These issues need to be debated to determine if the legalization of marijuana would benefit the United States. According to a 2003 Zogby poll, â€Å"the government should treat marijuana more or less the same way it treatsRead MoreLegalization of Marijuana Essay954 Words   |  4 PagesLegalization of Marijuana The only way in which a human being can make some approach to knowing the whole of any subject is by hearing what can be said about it by persons of every variety of opinion and studying all modes in which in can be looked at by every character of mind. No wise man ever acquired his wisdom in any mode but this. - John Stuart Mill (Mill. 7). The topic of legalizing marijuana is a very conservational issue in American politics today. There are many good arguments bothRead MoreLegalization of Medical Marijuana Essay863 Words   |  4 PagesMedical Marijuana: A Topic Leaving People Up in Smoke Renee Grant ENC 1101-1002 Professor Bahle March 30, 2013 Medical Marijuana: A Topic Leaving People Up in Smoke Medical marijuana has been an ongoing fight between the federal government, physicians and patients. Contrary to many beliefs, marijuana, whether it is used for medical reasons or recreational is non-lethal. It has been proven to be useful in many medical conditions. There hasRead MoreThe Legalization Of Marijuana Should Not Be Beneficial1240 Words   |  5 PagesThe legalization of marijuana is such a growing debate in the United States, whether it’s on television, in the classroom, or in your own kitchen; you may find yourself debating about it with someone. You are either for it, against it, or indifferent. Either way you still have an opinion of some sort about the legalization of marijuana. Christopher Beach and William Bennett are no different. The release of their article on called â€Å"Legalize Juggernaut† on WeeklyStandard.com timing is perfect sinceRead MoreThe Truth Behind Marijuana Legalization1462 Words   |  6 PagesBehind Marijuana Marijuana is arguably the most controversial drug in history. In general, when someone hears the word â€Å"drugs† they think of a terrible substance that will destroy the human body. However bringing up marijuana, many people think of different things. Some think of a degenerate hippie, but many Americans simply do not know what to think, and bringing up the legalization of the substance is even more controversial. There is a large group of people that believe the legalization of marijuanaRead MoreThe Legalization Of Marijuana And Marijuana Essay1314 Words   |  6 PagesMarijuana or Cannabis is one of the bused drugs in America and the rest of the world. Interesting accumulating evidence show that the significant negative impact of this drug outweighs the positive effects. However, the medical benefits of the drug seem on the process of chemical compounds as compared to the drug itself. Medical debates show that chemical compound in marijuana are the problem as compared to the plant. The said chemical compound affects the mental and physical health of the personsRead MoreEssay on Speech on Legalization of Marijuana in Brazil870 Words   |  4 PagesSpeech on Legalization of Marijuana in Brazil Good morning class mates. Today I am going to discuss the legalization of marijuana in Brazil. I strongly believe marijuana should be legalized. I am not here to encourage anyone to use or not use marijuana. Yet I do believe that many current problems may and can be solved by its legalization. Marijuana is the most popular drug in Brazil after tobacco and alcohol. Discrimination is the reason why marijuana has still

Legal Aspects of International Business and Enterprise

Question: Discuss about the Legal Aspects of International Business and Enterprise. Answer: Introduction Woolworth Limited, founded in 1994 is one of the leading companies in Australia. It was founded by the five members including Cecil Scott Waine, Percy Christmas, Ernest Williams, Stanley Chatterton and George Creed. The company primarily operates in the retailing industry in New Zealand and Australia with the aim to deliver best shopping experience to its customers based on quality and value services. Headquarter of the company is located in Bella Vista, Australia. The company serves it products and services in Australia, India and New Zealand globally. The company offers wide range of products and services at lower prices to its customers than its competitors (Woolworths, 2015). The company is specialized to provide diversified consumer wholesale products. Woolworths Limited is governed under the chairmanship of Gordon Cairns and Brad Banducci, who is the CEO of the company. There are total 2,02,000 workforce operating in the company among whom 1,97,000 are Australian based employees while other 5000 employees are working in other region (Macroaxis, 2016). The company mainly operates in different markets including supermarkets, department stores, hotels and liquor retailing. The company has stable financial position along with the increase in the country's economic growth (Woolworths Limited, 2016). The goods and services offered by the company create a favorable situation for the consumers and stakeholders for the growth and increased standard of living which greatly impacts the company's success. However, growth and success of th e company also leads to the competitive advantage over its competitors in the retailing industry in Australia(Productivity Commission , 2008). Regulatory framework affecting the Woolworths Limited Woolworth Limited is evolving and innovating its products and services in order to meet the challenges in the market through finding a new ways and methods to delight their customers. The company operates within the regulatory framework implemented by the country. Retailing industry never operates in a similar manner as, nowadays most of the customers search for greater value and choices than ever before. Every week the company serves more than 18 million customers. Thus, the company requires the vendor to comply with all the legal obligations and responsibility in all reverence. The code of conduct implemented by the company, enhance its reputation through achieving the legal, ethical and moral standards (Woolworths, 2016). However, there is significant number of regulatory frameworks, which affects the Woolworth Limited in an effective manner. This framework varied from company to company within the retailing industry. The regulatory framework is complied in the various areas inclu ding safety health and environment, trade practices, responsible duty of alcohol, food safety and privacy. The company has to supply its products and services according to these conditions in order to meet the standards set by the industry (Woolworths, 2016). The Woolworths Limited standards are not proposed to function as an alternate source for the vendor to make certainty with the legal obligations and regulatory safety of the products. Some of the regulatory framework affecting the operations of Woolworth Limited leads to affect its financial performance and function in the longer term. In addition, the retailing industry in Australia indicates a great diversity through region, format of retail industry, nature of products and services produced and sold and the level of competition within the market and the size of the business. In the recent years, the company has met many challenges related to the rules and regulations implemented by the industry. The current performance, efficiency and structure of the company operating in the retail sector became a barrier to its economic contribution in Australia. According to the government rules, Australian retailers are forced to share their products and services with the overseas counterparts. The Australian government authorizes the industry to establish the consumer safety standards to guard health and life of the people. However, there are some taxes which affect the company in all the perspectives. The Government's implementation of taxes and duties is creating an effective advantage and disadvantage to the company, depending on the condition in which, the company operates. How regulatory framework affects the Woolworth Limited Consumer Law - The consumer law of Australia ensures fair rules and regulations on the contract terms, which guarantee to provide the consumer rights against the product safety, unsolicited agreements and penalties. The country's national statutory framework has a great impact on the economy as it encourages the retailers to sell those products which are not harmful to the environment as well as to the consumer's health. These statutory standards are imposed by the ACCC i.e. Australian Competition and Consumer commission. The consumer laws imposed by the country affect Woolworths Limited because the company is committed to service its customers in the best manner possible (Competition Policy Review, 2014). However, it manages to operate in such a manner that it protects the welfare of its consumers and other stakeholders. The company has implemented such policies, which work according to these Government rules and standards (Australian Government, 2016). If these laws are not adherin g by the company properly, it will greatly hamper its performance and success. In the year 2016, Woolworth Limited has been ordered to pay a fine of $ 3.057 million as it has violated the standards related to the safety and health issues. The company has failed to maintain the standards imposed by the Government. Therefore, any misconduct with the standard issues lead to poor performance as well as reduces the level of consumers trust (Groom Lavers, 2016). Goods and Services tax In the year 2000, Australian government has introduced Goods and Services Tax (GST). This tax potentially impacts on the functions performed by the company and thereby contributes to revenue and expenditure generated by Woolworth Limited. The current Goods and Services Tax rates in the country is 10%. GST indirectly impacts the consumer products and retail sector. The implementation of GST is beneficial for the retail industry as it strengthen the policies of selling the consumer products and services. High rates of GST not only ensures that the company performs in a positive manner because it reduces the payments of taxes imposed in different areas related to real estate and services but, it also reduces the issues related to the value chain system through uniform tax rates (CPA Australia, 2015). Corporation Tax - The corporation tax effects the company's investment and development within the industry. This tax is imposed on the net profit generated by the company and hence, reduces the investment. A high corporation tax reduces the companys revenues and also enables the local retailers to compete with the company, as the implication of this tax reduces the investment opportunity in the industry. The current corporation tax in Australia is 30%, which shows that the company has to pay 30% on its marginal income (Djankov et al., 2010). Food Safety Regulation - The Australian government ensures to provide those goods and services which meet all the principles and safety objectives according to the consumer needs. The food safety regulation standards are mostly applied on the retailing industry who sells the consumer products and services (Woolworths, 2016). The compliance to all the food safety regulation leads the company to enhance its productivity and trust among the consumers (Food Standards, 2001). Woolworth Limited is dealing in the retail industry where it operates in the departmental stores and supermarkets. Thus, it also sells food products to its customers which foster the company to measure the quality of the products they are offering. Food Standards Australia New Zealand (FSANZ) establishes the code of practice and food standards within the industry to address the issues related to food safety regulation (Wowlink, 2016). However, strict food safety regulation requires the company to sell those products and services which are environment friendly and are not hazardous to the consumers' health. Moreover, non fulfillment of this regulation forces the company to pay penalty for offering the unsafe products to its customers. Recently, the company has paid around $ 3 million for providing damaged consumer goods. This had greatly slowed down the company's revenue and performance (Han, 2016). Impact of treaties, conventions or agreements on the products or services provided by Woolworth Limited in Australia Woolworth Limited is one of the leading companies in the retail industry. It improves and enhances its products and services through entering into new contracts or agreements, which later has a great impact on its product and services. Woolworth Limited is serving its products and services in the key areas including Australia, New Zealand and India. Hence, the agreement between any of these countries has a great impact on its products and services. In the year 1983, Australia and New Zealand came into an agreement popularly known as ANZCERTA or CER. It is a free trade agreement between the countries which brings economic relations closer among them. ANZCERTA stands for Australia - New Zealand Closer Economic Relations Trade Agreement. This agreement builds the foundation in the development of countries' trade and economic association. It helps in strengthening the trading relationship between the countries through common valuable growth and extension of free trade. With the key respect of the establishment of the agreement, it has a direct impact on the product and services of Woolworths Limited. The transaction and compliance cost of the product offered by the company has reduces which in turn results into country's significant progress in many key area of the business. The elimination of tariffs on the products and services reduces the quantitative restriction on the trade and consumption of products. Therefore, it also resul ts into the minimization of market distortions and thereby satisfies needs and wants of large number of consumers. The elimination of trade barriers also results into a dramatic change in the products of Woolworth Limited. The technology used in the production of products has enhanced because the company has to invest less amount in the transportation cost and duties involved while trading the products. Therefore, it improves the quality of the products offered by the company and thus, enables the company to make profit (Department of Foreign Affairs and Trade, 2016). The bilateral Free Trade Agreement (FTA) between India and New Zealand has expanded economic cooperation between the countries. The agreement is also known as (CECA) i.e. Comprehensive Economic Cooperation Agreement. This agreement has an immense impact on the retailing of products and services of Woolworths Limited. The demand for products in both the countries increases as cost of the product is comparatively lower due to free trade. Therefore, quantity produced and supplied among the countries increases which greatly influence the investment opportunity in the products sold by the company (Bano Paswan, 2010). In the year 2009, the company has entered into the hardware sector with the investment of $ 24 billion. Through entering into this contract, the company has expanded local independent hardware sector by the way of acquiring Danks. Danks Holdings Limited is one of the leading retailing company dealing in the hardware and building supplies products. Woolworth Limited has designed a multi format strategy to improve daily needs of the consumers. This contract has impacted on the consumer goods because it has grown the company's opportunity to distribute and deliver the products with greater efficiency to the independent retailers (woolworthslimited, 2009). The growth and expansion in the home improvement and hardware sector enhances the company's existing retailing capabilities, skills and technology. Despite of the current economic situation, the company has invested into the business which provides a greater competition in the retailing market. But, entering into a new contract affects the other products and services provided by the company. As the amount invested into the new project can be invested into the existing products and services, which affects the profitability of the company. The contract affects the overall business as huge amount of investment has been done in the new sector. It also affects the financial position of the company including the new strategies formed by the business. The company is now dealing in the diversified products and services in the different retailing sector within the market. This expansion of the company benefits the consumers with the different choices offered by the company. The resource allocation of producing other consumer goods and services has been reduced through funding this contract. Hence, entering into a new sector expands and grows the company's productivity but also greatly hampers the existing products and services offered by the company. Conclusion Retailing industry in Australia is affected by extensive range of varied factors, which greatly influences the capacity and willingness of the consumers to spend. Woolworth Limited is one of the recognized companies in this industry. However, the performance and productivity is affected by some regulatory framework implied by the Government in order to meet the certain standards issued by the regulator of the industry. This regulatory framework ensures that the company sells those products and services which do not hamper the consumer health and safety. Corporation tax, consumer laws, Goods and Services Tax (GST) and food safety regulation are some regulatory frameworks which affects the company's policies to perform in the market. Woolworth Limited grows and expands its business across the world through entering into new contracts and agreements. These agreements also have a huge impact on the companys existing products and services. It also ensures to enhance its shareholders value by providing access to the new market within the industry. References Australian Government, 2016. Australian business and environment laws. [Online] Available at: https://www.austrade.gov.au/International/Invest/Guide-to-investing/Running-a-business/Understanding-Australian-business-regulation/Australian-business-and-environment-laws [Accessed 12 August 2016]. Bano, S. Paswan, N.K., 2010. India-New Zealand Trade And Trade Potential: Recent Experience And Future Opportunities. New Zealand Association of Economists. Competition Policy Review, 2014. Response to the Competition Policy Review Draft Report. Australian Government. CPA Australia, 2015. Tax Reform in Australia - The Facts. CPA Australia. Department of Foreign Affairs and Trade, 2016. Australia-New Zealand Closer Economic Relations Trade Agreement. [Online] Available at: https://dfat.gov.au/trade/agreements/anzcerta/pages/australia-new-zealand-closer-economic-relations-trade-agreement.aspx [Accessed 12 August 2016]. Djankov, S. et al., 2010. The Effect of Corporate Taxes on Investmentand Entrepreneurship. American Economic Journal, 2(3), pp.31-64. Food Standards, 2001. Safe Food Australia. Canberra: Food Safety Program, Australia New Zealand Food Authority. Groom Lavers, 2016. #80 (10.02.2016) Australian Consumer Law: Woolworths Ordered to pay $3.057 Million. [Online] Available at: https://toowoombasolicitor.com.au/80-10-02-2016-australian-consumer-law-woolworths-ordered-to-pay-3-057-million/?upm_export=print [Accessed 12 August 2016]. Han, E., 2016. Woolworths ordered to pay $3 million penalty for selling unsafe products. [Online] Available at: https://www.smh.com.au/business/retail/woolworths-ordered-to-pay-3-million-penalty-for-selling-unsafe-products-20160205-gmmtrp.html [Accessed 12 August 2016]. Macroaxis, 2016. Woolworths Limited Number of Employees. [Online] Available at: https://www.macroaxis.com/invest/ratio/WOW.AX--Number-of-Employees [Accessed 12 August 2016]. Productivity Commission , 2008. Woolworths Limited. Australian Govenrment. Woolworths Limited, 2016. Strategy and Objectives. [Online] Available at: https://www.woolworthslimited.com.au/page/Who_We_Are/Strategy_and_Objectives/ [Accessed 12 August 2016]. Woolworths, 2009. Press Release: Woolworths to enter $24 billion hardware sector. [Online] Available at: https://www.woolworthslimited.com.au/icms_docs/128787_Woolworths_to_enter_24_billion_hardware_sector.pdf [Accessed 10 August 2016]. Woolworths, 2015. Annual Report 2015. Woolworths Limited. Woolworths, 2016. Audit, Risk Management and Compliance Committee Charter. Woolworths Ltd.. Woolworths, 2016. Corporate Governance. [Online] Available at: https://www.woolworthslimited.com.au/page/Who_We_Are/Corporate_Governance/ [Accessed 12 August 2016]. Woolworths, 2016. Woolworths Group Privacy Policy. [Online] Available at: https://www.woolworths.com.au/Shop/Discover/about-us/privacy-policy [Accessed 10 August 2016]. woolworthslimited, 2009. Woolworths to enter $24 billion hardware sector. pp.1-9. Wowlink, 2016. Regulatory Requirements. [Online] Available at: https://www.wowlink.com.au/wps/portal/topic_centre?WCM_GLOBAL_CONTEXT=/cmgt/wcm/connect/Content%20Library%20-%20WOWLink/WOWLink/Topic%20Centre/StandardsCompliance/WQA/RegulatoryRequirements [Accessed 08 August 2016].

Organization Management

Introduction Organizations are reflective of a conglomeration of different factors within and outside its setting. The success of any organizations is always accredited to the good leadership style employed by the top executives.Advertising We will write a custom essay sample on Organization Management specifically for you for only $16.05 $11/page Learn More However, the performance of an organization depends upon a variety of factors including internal as well as external factors. Internal factors may include management strategy adopted by the company while external factors entail issues such as government policy, competition and globalization, as well as the general environment within which an organization operates. Top managers perform a pivotal role in the management of any organization through their role of devising strategies as well as formulating policies guiding the company’s operations towards achieving the set goals and objectives (Hans on, 2008; Sadler, 2003). Besides, they also have a mandate of directing and coordinating the overall operations of companies. Through their controlling and leading role, the managers are responsible for allocating resources to various departments in addition to leading the other people in the management team to effectively carry out their duties. Consequently, the top managers greatly affect the performance of the organizations. However, other stakeholders such as management team, government as well as the industry are equally important in the performance of the firm (Hooke, 2010). Internal factors affecting the performance of a company The strategic leadership theory holds some facts as far as the link between top managers and organizational image and performance is concerned. To begin with, the executive managers are involved in offering leadership roles that propel the performance of their organizations. As leaders, the executive managers design the company goals and objectives t hat are meant to steer the operations of the firm (Hooke, 2010). Furthermore, the managers formulate policies as well as devising strategies to ensure that the designed goals and objectives are achieved. The company is therefore governed by the policies formulated as well as strategies adopted by these managers (Minichilli et al, 2010).Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The policies therefore govern every facet of the company operations including relationship among the employees within the company, their relations with the superiors as well as the customers. Consequently, the operations of an organization are immensely affected and so is its performance (Minichilli et al, 2010). On the other hand, strategies adopted by the executive managers also have direct impact on the performance of an organization (Richard, 2009; Sadler, 2003). According to Richard well informed managers have the ability to shape the organization they lead (16). The management strategies implemented determines to a large extent the competitiveness of a firm compared to its opponents in the industry. Hitt et al (2009) argue that a company’s competitive ability is enhanced when the managers establish as well as implement strategies that add value to the company (4). For instance, such competition was witnessed between Airbus and Boeing where both the companies adopted different competitive strategies to not only survive in the market but also make profits. Airbus introduced super jumbo with a large capacity while its competitor chose a medium-sized plane with a passenger capacity but efficient thereby winning the competitive battle (Hitt et al, 2009). Generally, Richard concludes that such authority to make decisions on behalf of the company is only left for the top managers in centralized organizational systems but delegated to lower organizational levels in decentralized syst ems (Richard, 2009). Executive managers are also bestowed with an important role of controlling the allocation of resources within the organization. They therefore have the authority over the distribution and allocation of resources to the various company departments (Jing and Avery, 2008). Well-informed managers would ensure equitable distribution of such resources which in turn improve the performance of the farm as each department’s requirements is taken care of. However, poor resource allocation would create scarcity of such vital requirements in some departments thereby impacting negatively on the organizational performance (Jing and Avery, 2008).Advertising We will write a custom essay sample on Organization Management specifically for you for only $16.05 $11/page Learn More The executive managers are therefore conferred with the authority and power to allocate essential resources as well as create rules that govern such allocation. Consequ ently, the top managers have a direct impact on the performance of a company. However, Golsorkhi et al (2010) takes a different perspective concerning such powers (111). They argue that the managers’ power is regulated by the norms of a proper conduct as shared by their counterparts as well as junior employees within the organization (Golsorkhi et al, 2010). They reiterate the interdependence of organizational structure and the agency as stipulated in the structural theory. According to the theory, the resources are controlled by the existing rules and regulations which happen to form a social system (Golsorkhi et al, 2010). External factors affecting the performance of a company The performance and reputation of a company is also accredited to other factors apart from the management strategies adopted by the top managers. These external forces may force the companies to adopt certain strategies that would affect their performance positively or worse still, negatively. At the outset, political forces may compel an organization to adhere to the laid laws such as tax laws and environmental compliance (Ofosu-Amaah, 2000). These legislations will shape the company to be socially as well as environmentally friendly hence improving its public image and reputation (Ofosu-Amaah, 2000). Moreover, governments may decide to offer subsidies to organization in which they have ownership in an attempt to increase their productivity as well as sustain employment in those companies. For instance, nations such as France, Spain and Germany have acquired ownership in the Airbus thereby ensuring that the company prospers in business thereby curbing the heightened unemployment rate (Hitt et al, 2009). However, elevated taxes levied on the organizations may eject them from their operations.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More On the other hand, ecological perspective refutes the fact that organizational success is wholly accredited to the top managers but to the environment within which the organization operates. The environment here may include such factors as globalization and competition (Pine and Davies, 1999). In the recent past, there has been an augmented interdependence between different economies as well as organizations. Such relations have improved the performance of the involved organizations as they can exchange modern management strategies as well as innovations necessary for both their survival as well as profitability. Conversely, competition has impacted on the performance of different organization in the same industry (Pine and Davies, 1999). Through competition, companies have resorted to mergers in order to overcome the business hurdles currently witnessed in the competitive market. Such merger enables the organizations to learn from others’ management strategies as well as tac kle pertinent and complicated issues in the industry together (Hanson, 2008). By adopting other successful organizations’ strategy, the companies in competition are able to improve their performance enormously (Hitt et al, 2009). Conclusion Organizations are reflective of a collection of a variety of factors within and outside its setting. To begin with, the performance of any organization is influenced by the management strategy adopted by the management team as well as other external factors including the general environment within which it operates competition, globalization as well as government policies such as tax laws. Reference List Golsorkhi, Damon et al (2010) Cambridge Handbook of Strategy as Practice. Cambridge. Cambridge University Press. Hanson, D. (2008) Strategic Management: Competitiveness and globalization. 3rd edition. Asia Pacific, Thomson. Hitt, Michael et al (2009) Strategic management: competitiveness and globalization: concepts cases. 8th edition. Flo rence. Cengage Learning, Inc. Hooke, Jeffrey (2010) Security Analysis and Business Valuation on Wall Street + Companion Web Site: A Comprehensive Guide to Today’s Valuation Methods. 2nd edition. New York. John Wiley and Sons. Jing, Fenwick and Avery, Gayle C. (2008) Missing Links In Understanding The Relationship Between Leadership And Organizational Performance. Sidney. Macquarie University. 7(5). 67-78. Minichilli, Alessandro et al (2010) Top Management Teams in Family-Controlled Companies: ‘Familiness’, ‘Faultlines’, and Their Impact on Financial Performance. Journal of Management Studies. 47(2) 205–222. Ofosu-Amaah, Paati (2000) Reforming business-related laws to promote private sector development: the World Bank experience in Africa. Washington DC. World Bank Publications. Pine, Joseph and Davies, Stan (1999) Mass customization: the new frontier in business competition. Harvard. Harvard Business Press. Richard, L. (2009) Organization Theo ry and Design. 10th edition. Florence. Cengage Learning, Inc. 2009 p16. Sadler, Philip (2003) Strategic management. 2nd edition. London. Kogan Page Publishers. 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