HR Team Project

This theory is bas De on effort and performance, which ultimately determines the outcome of a task o r duty. When looking at Top Expectancy, we see a clear correlation between the effort level f the employee and performance level. Pertaining to the Top expectancy, students in the case reached this low point of motivation because after putting in as much off rot as possible in the line situation, they realized that all the effort they put would b e sabotaged by the other foreign workers in the line.Thus, making the employee feel as if t here best efforts will never get them to the performance level needed to complete the j bob. This case situation also connected to Photo expectancy, which connects a specific perform menace level to a certain outcome. The specified outcome of the line was to remove a d stack the ketchup bottles quickly as possible without any boxes falling off the line. The s dents felt that at any performance level the outcome would still result in crates fall Eng off the line due to the counterproductive actions of the foreign workers.The probably tit of success was solely in the hands of the foreign workers, thus making the studs ants feel unmotivated to complete the job because the outcomes did not reflect their e efforts. The Students smashed the bottles in retaliation because they knew that the bottle s would be damaged regardless of their performance on the line. In the moment of anger r, the students page 2 wanted to feel in control, and thought that if the bottles were to break, it woo old feel better if they did it instead of the foreign workers. Another component of the expect Nancy theory is Valence.An employee may see the outcome as desirable or undesirable (La imbiber, 2010). In the academic journal, valence is connected to the expectancy of the employee through Individual perceptions. Due to the strenuous work and the negative work cue True of line duty, the students had an undesirable perception of the working envier moment. This is another factor that led to the destruction of the bottles. 2) Identify Ramie's leadership style using the Behavior Perspective of Leadership Give examples of his behavior from the case to support your answer.If Rah m had been a Transformational leader what would he have done to change the way things were happening on the bottling line? 2. Ramie's leadership style using the behavior perspective of leadership is the directive leadership style. The way Ihram performs his job such as trying to effectively manage the plant and fulfilling his duties can be supported by the directive leadership style. L adders that take on this type of leadership â€Å"assign specific tasks,sets goals and deadlines,clarify w Ark duties and procedures,define work procedures and plan work activities. (Machines & Steel n 2012,peg. 333) One of the ways Ihram portrays the style of directive leadership is whenever t he jobs had changed , he would give written instructions and descriptions as to what is ex pe cked of them. † Upon arrival they met Ihram, the Plant Manager, who gave them a set of job Instructions, which took all of 5 minutes and directed them to George, the lead oven operator(co k) if they had any additional questions. â€Å"(case study)Ihram always dealt with introducing them t o the work area and page 3 giving written job descriptions.Whenever Ihram was not in the working work ins area, he would have an employee who was to work as a supervisor in the area. The supervisor RSI were assigned so that they would be mentors to the new employees, and to clarify or listen to a NY concerns the employees had related to the job. However, in the case of the students that joy indeed neither was the supervisor willing to listen, nor was the plant manager who said to deal the pr bobbles on their own. Ihram also demonstrates directive leadership through the aspect of not willing g to listen to employee problems and concerns. The student said that while they were pale eased to be working at the plant, they had concerns about how George was treating them. Ihram t hen went into a long explanation about his management philosophy and how he felt it was m ore effective this ‘hands off policy' has served him in managing the plant I† (case study) Ihram did not care about listening to the concerns of the employees and to be supportive of them. He believed that all employee were mature and responsible adults, therefore the problems they h d with other employees Were to be solved by themselves.Getting Ihram involved in problem ms that employees had between each other felt as if he was treating them like children-Therefore it was suggested to the students that any concerns with George or any other employees should did erectly dealt with the person to get a solution. Hence, under the behavioral perspective of leaders hip Ihram best portrayed the directive leadership through his work performance. If Ihram was to be a transformational leader the way he was man aging the Pl ant would have been a more welcoming and positive environment.Transformational lea deer motivate employees to achieve the organization's vision. â€Å"Transformational leadership raises the level of human conduct and ethical aspiration of both leader and follower. It alters an d elevates the Page 4 motives, values, and goals of followers through the vital teaching role of lead reship, enabling leaders, and followers to be united in the pursuit Of higher Kerr ashcan. 201 3, peg. 1 2) A positive environment would have been formed in the company with employees being approachable and having freedom to suggest their opinions. F Ihram was to f allow ramifications leadership, he would have changed the attitudes of employee sees who were working on the bottling line. Being an ignorant leader has led to employees be ins disobedient. The machine operator had been rude enough to change the speed the mach en was at frequently. â€Å"Very quickly, however the two realized that the se two women had a relatively low opinion of seasonal workers and they apparently experienced considerable delight in VA raying the speed of the line. They could increase speed sufficiently to make it impossible for Robe art and Bill to remove and stack every case of ketchup. Case study) Ihram should have bee n able to come up with a solution to the concerns that students had With the operator if he was t o be a transformational leader. Also if this leadership style was used the students w loudly it hesitate to ask questions and raise their concerns to him about working in the company. In addition,the bottling line wouldn't have faced problems such as Robert and Bill throwing t he bottles against the wall if the transformational leadership style was followed. It can be under stood that for every action there is a reaction and in this situation it causes a harmful work environ moment.According to David Conrad it is said † the more connected managers are, the better they can und erstand what motivates members of their team, analyze what's really going on, and find sol suctions that meet the needs of their people and their company. † (Conrad, 2014) These are truly the steps that should have been taken by Ihram if he were to be a transformational leader who once auroras his employees to work together for the company. By meeting the needs of people e and finding Page 5 solution to them will allow employees to have a positive feeling about the woo receptacle and will decrease any levels of employee absenteeism.However, this is not the case of the Plant due to Ramie's directive leadership style but if Ihram changes his style of leading the Plant ,it will benefit both him and the employee. 3) Identify and describe (a) the sources of conflict The Students experienced conflict that ultimately led to their termination. The sources of conflict for the students started with the poor communication of Ihram, who explained the tasks and duties too quickly and didn' t introduce them to the other worker RSI. This created a social divide between the students and the other workers.Also, the workers had mix of incompatible goals and differentiation because the goals of the force gnu workers were counter productive, and the students had goals of increasing productivity y. These opposite goals and beliefs created tension between these two groups. The for sign workers have a negative perspective on seasonal workers, which conflicts wit h goals of production and decreases employee interest. † the prevailing perspective in c inflict management relies on the implicit assumption that employee interests should d be subordinated to the demands of production and authority† (Gross et al. 2013) Their interests and beliefs did not coincide with the production environment, which relies on efficiencies and productive actions. Page 6 Lastly, a prominent source of conflict was the use of ambiguous rules. The am bigamous working environment gave the fore ign workers the opportunity to interfere WI the the students work. There are not rules implemented to keep the line at a certain s peed. (b) the conflict management styles used by the students and the permanent staff. The conflict management style used by the students toward George was prop elm solving.Although they began to avoid the problem, they soon realized that they had t do something about the issue. The students used the problems solving style with George by attempting to solve the issue through a win win orientation. However, George completely dismissed their concerns, which should have signaled the student s to use a forcing style due to the unethical behavior. When the students were at the line e, they used a compromising style to solve the issue. They proposed to use hand signals to communicate to the foreign workers. They striver to achieve a mutual gain in order to keep a consistent flow in the line.The students attempted to build a trust wit h the reign workers by mak ing conditional promises. After this failed, the student s avoided the situation and retaliated by breaking the bottles. (c) Select the Structural Approaches to Conflict Management that might best help resolve the conflict on the bottling line. Gives reasons for your choice. In order to improve the line, structural approaches to conflict management SSH old have been implemented. The management staff should emphasize subordinated goals t o Increase Page 7 cooperative thinking.When everyone has the same ultimate goal, the worker s will work together to achieve the higher main goal of the operation. If the students and the permanent workers emphasized the subordinated goals of the organization, there would be less competitiveness between the two groups of workers. Improving communication and mutual understanding is also an approach that t could resolve this conflict. The loud production environment and quick pace made it very h art for the student workers to communicate with the foreig n workers. Also, the language barrier didn't help the situation either. ROR to starting the job, Ihram should have TA ken more time for the foreign workers to meet the student workers and assist them wit engage barrier. After the conflict occurred, the students should have tried t o find a quiet space to attempt to discuss the problem with the foreign workers. This s essential in creating a mutual understanding of goals. The students need the foreign w errors to know that they are serious about completing the tasks and duties, and want t o work together instead of compete. 4) (a) Identify and discuss the sources of power used by the permanent staff and the students in the case.Page 8 The sources of power identified in this case can be seen between three differ .NET parties. The iris is between the three newly hired workers John, Bill, and Robert and Rah m. Ihram is the plant manager of H. J Heinz, he provides the students their job instructions . After giving instructions, he leaves almost immediately but what is seen is that John, Bill, a ND Robert listen to the plant manager on the given job instructions. Ihram is seen to have e coercive power which is defined as â€Å"the ability for a manager to punish subordinate. (textbook) When Ihram catches Bill throwing the case against the wall, he exerts his core give power and fires both Bill and Robert. According to Mollification's article he states the t too much coercive power has a negative impact on employees job satisfaction† â€Å"Most SC hollers in management and psychology believe that using coercive power (punishment) as a means to influence subordinates and staff has much more negative effects than positive e, due to its adverse physical and mental effects† ( Anomalousness et al , 2014) The second is between John, Bill, and Robert and George, the lead oven opera tort (cook).George is seen to have legitimate power because he is simply of a higher working position informally because he is a p ermanent staff. Also, George partially has coercive power because he threatened the three students to make work harder for them if the eye talk to Ihram again. The third relation is between Robert and Bill's relation with the woman who w ere operating the conveyer belt. They display a small level of expert power because as perm anent staff, they are have the knowledge and know how to speed up the line.They used t his knowledge Page 9 in a negative way and made the boys work harder when they increased the s peed of the conveyer belt. Which led to Robert and Bill them fired (b) Identify and fully describe two influence tactics that the student might have used to improve the way they were being treated by the permanent staff. Two influence tactics that the students could have used to improve the way the eye were being treated is by persuasion and upward appeal. Persuasion would be a strong TA stick to use by stating a logical arguments, and emotional appeals.John, Bill, and Robert cool d have tried to talk to George about their financial situation and tell him how his stereotyping them as â€Å"rich college kids† is completely wrong because if they were rich, why would they b e working for H. J Heinz during their summer vacation? Additionally, when Robert and Bill w ere facing robbers with the woman operating the conveyer belt and speeding it up ran dimly, they should have talked to their coworkers right away and tell them to stop.The SE condo tactic the boys could have tried was upward appeal. This approach deals with gaining s purport from higher authority. They could have reported this childish behavior coming fro m the woman working the conveyer belt to higher management and speak to Ihram. If Rah m doesn't help, then they should have reported this mistreatment to the HRS department and seek help from there. 5) Use the Communication Process Model and the Barriers to Communication ( Noise) to fully explain why communication broke down on the bottling.Pa ge 10 5. The communication break down in bottling will be supported by both the com ammunition process model and barriers to communication. Based on the communication process model there had been a communication break down since their was low proficiency in the communication channel, the codebooks had not been similar and some employees did not ha eve sufficient experience in encoding the messages.

Promote Professional Development Essay

The importance of continually providing knowledge and practice is to keep up with the constant changes that are happening all the time. Globalisation and technology have made changes in health and social care at a rapid rate. There has been a significant change in the way that care is being experienced and there are higher expectations in the quality of care. A more personal approach is required and accessibility to training resources ensures that we can all be the best in our job roles and in line with legal requirements. There are opportunities available now, thanks to technology advancements, to share responsibilities across the board, we have better access to other partnerships, training programs and can store more data than ever before and there are still developments every day. The importance of learning these developments is that we can change with the times and gain the new skills to improve the outcome for service users. The barriers to professional development require you t o look in more depth at yourself. Everybody has a different way of learning, someone may learn a lot quicker than someone else, so it’s important to try to see what ways you retain information best. Some people may learn from reading something over and over until it either makes sense or sticks with them. Some people may write down what they want to learn because it ingrains in there memory and some people may just listen to something and retain the information. It’s important to remember that what someone else might learn from a sentence may be more educational to them than if someone else was to read that very same sentence. Motivation can be another barrier; external factors can drive motivation and change behaviour like incentives to learn but internal barriers such as self-esteem, drive and desire can have an effect on professional development. An individual’s personal values, beliefs, attitudes and life priorities can impact significantly on the way people develop. Not having enough time to develop your skills or financial problems can be a big barrier to development. To get through these barriers, Support from peers, advice and mentoring may be required to h elp with individual developments. There are many different sources and systems to support professional development. At my organisation we have internal support which involves monthly supervisions with an advocate. We go through training  requirements, any training refreshment that need to be done; we go over policies and procedures and discuss our progress for professional development. We have training courses that cover every area of the care we provide and e-learning that all employees complete every 6 months, they are designed to refresh our training and inform us of new policies and procedures. You can also learn by working with more experienced colleagues and you can self-teach by reading text books and articles. You can develop your knowledge by using facilities such as libraries and learning resource centres and there is also formal support, colleague and university courses, internet courses, apprenticeships and government incentives. You can also use the policies and procedures put in place by your company to learn what is required and how to do things appropriately. There are so many factors to consider when selecting opportunities and activities for keeping knowledge and practice up to date. There would be no point in starting a course in child care if your real desire was to become a hypnotherapist. Financial issues could be problem, your organisation may cover learning costs or you may need to look into whether you are entitled to government help or whether you will be self-funding. Time requirements could be a problem and your level of commitment; maybe you are a single mother, who cannot get child care to attend night school. Another factor could be, does the opportunity or activity fit with your learning style?, You may learn better from practical activities or learn better from reading and writing, finding the right form of professional development is key to being successful. Be able to prioritise goals and targets for your own professional development In order to prioritise goals and targets for my own professional development, I look at the influences that have helped me to develop my performance so far and look at what my training has taught me and how it’s reflected in my work. I examine my strengths and weaknesses honestly and try to think about the way I practice in a constructive way. I have to evaluate myself by asking; How did I approach my work? Was my approach positive? How did the way I work affect the people I support? Did I work to the best of my ability? Which was the best aspect of my work? Which was the worst aspect of my work? Is there area’s that I can improve? What are they and how will I tackle them? In health and social care there are benchmarks and standards that I can use to measure my own ability against, like the ‘care quality commission standards’ and ‘codes of practice’. By comparing my work against these standards I can improve on the areas that I am failing in, by setting goals of what I need to learn and targets to complete it by. To prioritise my own development goals and targets, I have to think realistically about what is necessary for my job role at that moment, for example; if you are developing your communication skills and working towards building relationships and trust, you cannot plan a set strategy to produce trust and this can take time. But if you were developing your skills for independent living, encouraging accessing the community and shopping, this is something that is currently in my job role and could be a skill I can develop straight away. Making a plan to monitor each stage of developing skills will help me to see at what point something has not worked, for example; I am to Supporting Bobby with his shopping, but due to his mental health problems, he doesn’t feel comfortable being in a busy supermarket around lots of people. Putting a plan together with goals and targets will help to monitor Bobby’s progress; I could put a target in place to build Bobby’s confidence up enough so he can be in a supermarket. By recording this process and evaluating each step that it took to get him there, I improve my own skills and gain knowledge for any similar situations that may arise in the future. Be able to prepare a professional development plan To plan my own professional development with sources of support available to me, I will first have to arrange a meeting with my trainer and supervisor to identify the learning outcomes and objectives that I wish to achieve. We can then put a strategy together to meet these objectives and a time frame in which to complete them by and with their help and resources. When documenting evidence I will specify the duty, a goal, tools needed for reaching my goal and a completion date. I will then undertake the necessary educational activities, training and shadowing and collect more evidence for  my portfolio. I will review my progress at regular intervals with my trainer and supervisor to discuss any updates and get feedback on my development. My portfolio will contain evidence of records of attendance and the support that was given, highlighted areas of what I would have done differently, highlighted areas of successful care and certificates of achievements. I can also show in my portfolio, evidence of what has benefited my colleagues, i.e. protocols or guidelines that have been introduced because of things that I have learnt and feedback from colleagues on a job well done. I will show evidence of evaluating work that wasn’t done to the best of my ability and show evidence of what I have learnt to correct my work. I will put in my development portfolio evidence of any positive feedback, descriptions of new care plans made because of my positive changes, cards, letters or individual comments and positive audit results. This is an example of a plan that I would use for my own professional development. A service user I attend with learning difficulties needs a new wheelchair; the carers are finding it increasingly hard to push the service user around in the wheelchair for social visits. A healthy diet plan was encouraged but is not working as the service user lives independently, a wheelchair with a motor is needed to help the carers avoid any further injury and carry on supporting the service user to access the community. I have been allocated the responsibility to assist the service user pick a new wheelchair with a motor, I can use this opportunity to develop new skills and document and evaluate my progress. There are a few barriers to overcome so monitoring the effectiveness of my support will help to evaluate my performance and relay any significant information to fellow colleagues and others crucial support in their care, ultimately helping the service user in the future. The main barrier is the lady doesn’t like change; it worries her and makes her very anxious, when she is anxious she gets the medical condition hives. Her confidence will need to be built up over time. The goal is to help the lady pick a new motorised wheelchair for accessing the community only, she can continue with the wheelchair she is familiar with, and likes at home, but the goal is to find one that the service user is 100% happy and secure in, to prevent any further injures to carers and to keep the lady involved in her daily routines. The tools needed for succeeding with this duty is to have the families support, a risk assessment, a shop with accessibility and  understanding with this sensitive issue and support from my managers and any other active partners that support with the service users care needs. For evidence I would put in my portfolio the emails from the partnerships, my advocate and myself that detail, the support that is needed, with the evidence that I have been allocated to support with this. The email will also show my reply, for the request of informing all other carers to reassure her when necessary for when she gets anxious and upset. I would put in place a communication diary especially to deal with this task, firstly to monitor any upset behaviour and how my colleagues and I resolved it and secondly I could use it as evidence. I would keep a written account of how many trips to the shops and what her behaviour was like on each visit, I would record what helped keep her calm and feeling secure and record anything that failed and how we made it better. I would keep a medical record of any outbreaks of hives and how it was treated. I would have regular meetings with my advocate to get feedback, discuss updates, ask for any advice or help that I need and review the completion date. I would discuss attending training courses that could help me with addressing this situation to the best of my ability, like manual handling, first aid, communication skills and keep evidence of my achievements. I would finally add to my portfolio evidence of the service user (in line with confidentiality requirements) accomplishing this task, I would get evidence of how long it took to achieve and what the final outcome was. Be able to improve performance through reflective practice Models of reflection encourage a structured process to guide the act of reflection, there is no right model of reflection, but it is important to choose the one that you feel comfortable using and best assists you to learn from your experience. Sometimes it is appropriate to use one model of refection as a basis, but use prompt questions from other models if they suit your particular situation. I found Bortons Model of reflection easy to remember; therefor making it is easy to apply to an experience as it happens. What, So What, Now What, the simplicity of the model helps evaluate quickly and simply an experience but does not allow for specific details as opposed to Gibbs Model. Johns Model of reflection is based more on self-awareness and self-improvement. It allows you to analyse influencing  factors on your thoughts and behaviour, what triggers the behaviour and you can delve far more intimately into your feelings, opinions and judgements and intern how this affected who you are working with. This level of learning allows you to evaluate very deeply on all levels, morals, background, knowledge, self-awareness, past experiences and future practice, making this model of reflection by far more personal and a more appropriate model for self-improvement and self-development. The Kolb model is made up of 4 steps and learning can start at any of the steps at any time, there is no process. When a person carries out an action they can both, observe and reflect upon its underlying process and possible consequences. The action becomes open for analysis, concepts can be tested at further through new experiences in order to both validate and develop them further. Gibbs Model of reflection is a more descriptive model of Kolb’s and it also has a process in which to follow allowing for deeper analysis. Gibbs model gives you more a detailed structure in which to evaluate your experience, which is why I found it to be more widely used in the healthcare industry. The theory follows 6 steps of the model, and each step informs the next. I found that using Gibbs model and examining an experience in greater detail was very beneficial but found the Evaluation, Analysis and conclusion asked very similar questions which seemed to be a little repetitive. But Gibbs model challenged my assumptions more and allowed me to explore more ideas to promote self-improvement more than the other models. Of all the models of refection I have researched I found these 4 more beneficial to my learning and self-improvement and they even challenged what I thought I already knew. By using Gibbs Cycle as a basis and applying the descriptive evaluations of all the other models to the specific levels, I can examine myself in far more depth and improve my quality of work consistently. Reflective practice is thinking or reflecting on what you do, it is learning from an experience and teaching you evaluation skills to examine your actions and reactions. Thinking about what h as happened is part of being human but reflective practice differentiates between casual thinking and reflective practice, it requires a conscious effort to think about events and develop insights into them. Once you get into the habit of using reflective practice, it becomes a skill and you can develop it every day, in every type of situation. Feedback from others is a very important part of reflective  practice, as you cannot always see what your own faults may be or you may not want to hear what faults you have. Considering feedback as another opportunity to learn will develop your self-awareness and can start a process of change that will benefit anyone that you work with. For example, very early on in my healthcare career, I supported an elderly lady with learning disabilities, since her husband past away; she would get very lonely and ask to move a lot. Her social worker and advocate had taken her to see a few warden controlled apartments in a more communal building, but the lady did not like them and it gave her a bad experience of what she thought was available to her. I work in a few homes for elderly service users with learning disabilities and I invited my service user round for tea, so she could see a different kind of living situation, a house share that could be available. Whilst the trip was successful in the way that the lady now knew of a different living arrangement, at a meeting shortly after, that involved other healthcare providers for the service user, I acquired feedback from the ladies advocate that showed my own faults and issues that wasn’t within my capability to see. My intention had been misunderstood and Unknown to me the service user had wanted and was adamant, that a housemate was to move into her own home as she had a spare room; this was not a suitable situation for another vulnerable adult to move into because of the service user’s regular change of behaviour, and the house shares have a carer on duty at all times. If I had informed and attained advice on this situation it could have been dealt with in a different way. My lack of knowledge and understanding of how my actions could been seen as something different for a service user made me evaluate at what level I went wrong and how to rectify this problem so it is not an issue in the future. The advocate commended me on my thoughtfulness but advised certain aspects need to be considered when working with this particular service user. Trial and Error is always going to be a big part of my learning development, working with others there is always going to be the potential for harm, both physically and emotionally. It is imperative that practice changes as a result of these mistakes.

Deposit Mobilization Essay

INTRODUCTION 1.1 Study Background For the development of any country, the financial sector of that country is responsible and must be strong. The financial sector is vast field, which comprises of banks, cooperatives, insurance companies, financial companies, stock exchange, foreign exchange markets, mutual funds etc. These institutions collect idle and scattered money from the general public and finally invest in different enterprises of national economy that consequently help in reducing poverty, increase in life style of people, increase employment opportunities and thereby developing the society and country as a whole. Thus, today’s concept, the financial institutions and commercial banks has become one of the bases for the measuring level of economic development of nation. Commercial banks are the main source which motivates people to save their earnings. Bank deals in accepting the saving of people in the form of deposit collection and invest it in the productive area. They give the loan to the people against real and financial assets. They transfer monetary sources from savers to users. In other words, they are intermediate between lender and receiver of fund they mobilize the depositor fund. Whereas in Nepal the role of joint venture banks are still to be realized as an essentials machine of mobilizing internal saving through various banking schemes in the economy. Hence, to uplift the backward economic condition of the country, the process of capital accumulation, among other prerequisites should be expedited. This project report has been prepared as an output of the researcher’s internship experience in Nepal Credit and Commerce Bank Limited. Nepal Credit and Commerce Bank Ltd. (NCC Bank) formally registered as Nepal- Bank of Ceylon Ltd. Commenced its operation on 14th October, 1996 as a Joint Venture with Bank of Ceylon, Srilanka. It was the first private sector bank with the largest authorized capital of NRS. 1000 million. The Head Office of the Bank is located at Siddhartha Nagar, Rupandehi, the birthplace of LORD BUDDHA, while its corporate office is placed at Bagbazar, Kathmandu. 1.2 Statement of the Problem Nepal is underdeveloped country and rapid economic development is the basic need of the country. Development by its means is not possible within a short period and it takes a long time for the proper development of a country, it has to build up infrastructure. In Nepal, the process of development started only after 1956 A. D. when the first five year plan came into practice. Capital in fact, plays the leading role for the economic development of a country. But in Nepal, there is shortage of capital. There are various sources of accumulating capital internal and external sources. Under external sources: aid, grants and loans are the main sources. In internal sources: accumulating capital, taxes, public enterprises, public debt are the popular in our country. But due to underdevelopment, poverty, lack of banking knowledge the desired capital for the development of the country cannot be accumulated from those internal sources. So, it can be said that in Nepal’s present situation bank deposit is dependable and permanent sources of capital accumulation. The need of deposit mobilization for economic development of a country is no more to question. But we are facing an acute problem of resources mobilization. We have 32 commercial banks in Nepal which are very much considered to be vital financial institution to mobilize domestic resources. 1.3 Objective of the Study The objective of the study is to examine relationship between the amount of total deposit and amount of total credit granted by the bank. The main objectives of the study are: * To analyze the relationship between deposits and loans and advances. * To analyze the effectiveness of deposit mobilization of the bank. * To examine how far the interest rates of deposits have positive relationship with the deposit collection of the bank. * To measure the impact of interest rates of loan on the credit extended by the bank. * To draw suggestions and recommendations to the concerned bank for the further improvement. 1.4 Significance of the Study Banks and other financial institutions play important role to increase economic standard for the development of the country. Economic development becomes slow if there are incomplete and unfair banking facilities. Especially commercial banks provide different economic and technical facilities to the people who involve in business activities. Commercial banks play major role in collection of scared small savings form depositors and transfer these funds into productive sectors for the economic development. Mainly this study covers the deposit and credit position of commercial bank (NCC), so it helps to reveal the financial position of bank and study occupies an important role in the series of the studies on commercial bank. The significances of the study are: * Important to know how well the bank is utilizing its deposits. * Important to policy formulator and also be useful for academic professionals, students particularly those involves in commerce, CA and financial institutions to formulate policies and plans on the basis of the performance of the bank. * Important to the management party of the bank for the evaluation of the performance of their bank and comparison with other banks. * Important for the investors, customers (depositors, loan takers) and personnel of bank to take various decisions regarding deposits and loan advances. * This study will be equally important to the others who are interested to know about the area. It may encourage to researcher to research further. 1.5 Relevance of the Study Currently, banks are gaining the stakeholders’ belief through their efficient management and professional services and playing an eminent role in the economy. The deposit mobilization for the bank is tough job. So, the study is focused on how the deposits are mobilized by the bank. The study attempts to interlink the financial performance and the deposit mobilization of the bank. The study is expected to be useful to different stakeholders as: 1. The study is expected to be useful to the shareholders as they can analyze the risk relating to credit. 2. The study is expected to be useful to the management bodies of the bank to improve the operations of the bank to add more value to its service 3. The study is expected to be useful to the government body, NRB for further research is the area to formulate and implement new policies and regulations. 4. The study is expected to be useful to the other stakeholders to know the practices made over the deposit mobilization by the bank 5. The study is expected to be useful to analyzes the internal strengths and weaknesses of the bank 6. The study is expected to be useful to anyone who is conducting a bank survey in the related topic. 1.6 Research Questions The study intends to reveal the following issues of deposit mobilization practices by the bank: 1. What is the relationship between deposit and loans and advances? 2. What is the effectiveness of deposit mobilization of the bank? 3. How far the interest rates of deposits have positive relationship with the deposit collection of the bank? 4. What is the increasing or decreasing trend of deposit mobilization of the bank? 1.7 Limitations of the Study As every research has its own limitation, this study is not biased. The research is done for the partial fulfillment of MBA. Therefore, this study has some limitations, which are listed below: * This research study largely depends on the secondary data like annual reports (Profit and Loss Account, Balance Sheet and Financial Statements). * The study is based on only financial and statistical tools and technology. * The study mainly based on last five years data (2003 to 2008) that are not enough for the statistical calculation and cannot be generalized for entire financial sectors. 1. 8 Organization of the Report Chapter one deals with the general background of the study and the major issues which has governed the overall study, chapter two deals with the nature of Nepal’s banking industry and challenges of banking sector in Nepal, chapter three deals with the qualitative aspect of Nepal Credit and Commerce Bank Limited which gives the introduction of major products and services provided by NCC Bank and new innovative products recently launched by NCC Bank, chapter four deals with presentation and analysis of data and Finally chapter five deals with the findings of the study and the recommendations which have been given to the bank for improving its deposit mobilization. CHAPTER II REVIEW OF LITERATURE 2.1Review of Literature Deposit is the sum of money lodged with a bank, discount house or other financial institution. Deposit is nothing more than the assets of an individual which is given to the bank for safe-keeping with an obligation to get something (interest) from it. To a bank these deposits are liabilities. Commercial bank Act 2031 (1974) defines â€Å"Deposits† as the amount deposited in a current, savings or fixed accounts of a bank or financial institution. The deposits are subject to withdrawals by means of cheque on a short notice by customers. There are several restrictions on these deposits, regarding the amount of deposit, number of withdrawal etc. These are considered more as investments and hence they earn some interest. The rate of interest varies depending on the nature of the deposits. The bank attracts deposits from customers by offering different rates of interest and different kinds of facilities. Though the bank plays an important role in influencing the customer to save and open deposit accounts with it, it is ultimately the customer who decides whether s/he should deposit his surplus funds in current deposit a/c, saving deposits or fixed/time deposit a/c. Bank deposits arise in two ways. When the banker receives cash, it credits the customer’s account, it is known as a primary or a simple deposit. People deposit cash in the banking system and thereby convert one form of money, cash, into another form, bank money. They prefer to keep their money in deposit accounts and issue cheques against them to their creditors. Deposits also arise when customers are granted accommodation in the form of loans. When a bank grants a loan to a customer it doesn’t usually pay cash but simply credits the customers account with the amount of loan. Of course, there is nothing that prevents the borrower from withdrawing the entire amount of borrowing in cash but quite often s/he retains the amount with the bank as deposit. CHAPTER III RESEARCH METHODOLOGY To solve the research problems, few systematic ways are adopted to collect the required data and information. Research methodology refers to the various sequential steps that are to be adopted by a researcher during the course of studying the problem with certain objectives. It shows overall research method from the theoretical aspects to the collection and analysis of the data. This study covers quantitative methodology in a greater extent and also uses the descriptive part based on both technical and logical aspect. This study tries to perform a well designed, quantitative and qualitative research in a very clear and direct way by using both financial and statistical tools. 3.1 Research Design This study is based on a descriptive research design and follows an analytical approach. To achieve the study objectives, the required data are collected from secondary and primary sources and analyzed through the use of different financial and statistical tools. 3.2 Research Tools In order to collect the data, the researcher had visited the bank as an intern for 8 weeks of time period. The tools that are used for the study is through direct observation at the time of internship, and discussions with the officers of the bank in concerned department. 3.3 Data Collection Method The methods of collecting data are primary and secondary. Primary data includes personal observation, informal talk and also interview with officers whereas Secondary data includes Annual report of the bank, published and unpublished documents etc. 3.4 Data Analysis Tools The processed data were analyzed and tested with the financial tools i.e. Ratio Analysis, Trend Analysis, graphs whereas Statistical tools are Karl Pearson’s Coefficient of Correlation Analysis, Probable Error (P.E) and Hypothesis Testing. BIBLIOGRAPHY Books * Annual Report of NCC Bank limited 2003/04 – 2007/08. * Kathmandu Frontier Associates (KFA), Professional Banking Course references. * Levin R. I and Rubin D.S. (2008), â€Å"Statistics for Management (7th Ed.)†, Pearson Prentice Hall. New Delhi * Sharma, Pushkar Kumar and Chaudhary, Arun Kumar (2058), â€Å"Statistical Methods†, Kathmandu: Khanal Books Prakashan. * Van Horne, C. James (2005), â€Å"Financial Management and Policy†, (12th Ed.), Pearson Prentice Hall, New Delhi. Websites www.nrb.gov.np www.google.com www.wikipedia.com www.nccbank.com.np

Nursing Leadership and Management Article Example | Topics and Well Written Essays - 2500 words

Nursing Leadership and Management - Article Example Nurses function as team-builders, decision-makers, communicators, negotiators, delegators, and mentors and they help in the planning, directing, leading, and implementation of health services in order to achieve strong and improved health outcomes. In effect, with these functions taken as a whole, nurses become effective leaders and managers. Nursing Leadership and Management Introduction Nursing leadership and management are essential elements of the nursing profession. They are tools for nurses to use in their practice as they help in the implementation of nursing interventions and in the establishment of clear goals for the patients. Nursing leadership and management requires various tools in their implementation and these tools may sometimes be difficult to develop for various practitioners. In some cases, these are elements required for each nurse to develop because these nurses are responsible for various activities and interventions often crucial to improved patient outcomes. There are various elements of this leadership. This paper shall provide an overview of nursing leadership and management, including the different elements involved in its incorporation into the practice as well as its impact in the efficacy of nursing care. This study is being carried out in order to establish a clear and comprehensive discussion of the various elements of nursing leadership, including its applications, and impact on the delivery of health care services. Management has long been in existence and has been a vital element for many organized communities. Managers impact on the different phases and activities of organizations (Clarkson, 2009). The primary role of managers is to guide organizations in the accomplishment of their essential goals. Most organizations and professions have a particular purpose and objective and the managers have the burden of ensuring that activities are implemented efficiently in order to reach such goals (Yoder, 2010). Managers propel organ izations towards these goals by designing and planning activities, as well as assigning particular functions to particular competent individuals. Managers seek to support individual activities which would likely lead to the achievement of goals; and they also discourage individual activities which may interfere with the achievement of said goals (Clarkson, 2009). Nursing is one of the activities often under the supervision of managers. Nursing service administration is a well-coordinated activity and it often provides the services necessary for the fulfillment of nursing goals. Nursing service administration is a system of activities which is focused towards the care of clients and it includes the formation of goals based on the goals of the health agency (Clarkson, 2009). Nursing service administration includes the process of planning, organizing, and controlling human, material, financial, as well as informational resources (Clarkson, 2009). Nursing services includes interrelated social and technical functional activities which are seen in formal organizational health settings. Nursing service managers are individuals whose functions are based on positions of authority (Yoder, 2010). These positions may be top level, middle level, and first line or front line supervisors including head nurses and staff. These managers often assign

OBESITY IN CHILDREN Research Paper Example | Topics and Well Written Essays - 3000 words

OBESITY IN CHILDREN - Research Paper Example This indicates how the situation has become alarming over the years and hence, has drawn the attention of many researchers and scholars who feel that it can be the reason for an alarming situation in the years to come. They fear that a very high number of the population in the next generation would be victims of obesity-induced diseases such as coronary heart problems, cholesterol, diabetes and high blood pressure. Furthermore, the obese children find difficulty in leading a normal childhood because their weight and body structure make it difficult for them to carry out normal activities done by the children. This study explores the subject of obesity in children in the United States in detail. Through a review of literature as well as a review of empirical research studies, it would aim to understand the prevalence, incidence, relative risk, causes and preventive measures about obesity in children. Review of Literature Obesity in very terms is defined as the excess amount of fat in the body. While there is no standard definition for both obesity in children as well as in adults, medical practitioners use two main yardsticks to qualify a child as obese. The first and the most popular yardstick is known as the body mass index or BMI (the weight of an individual in kilograms divided by the height in meters). Obesity is determined based on this BMI. The second yardstick is to compare with a standard of weight measurements. If the weight of the child is 20% higher when compared to the average weight, or body fat percentage is higher than 25% from the standard percentage, then the children are classified as obese (Filozof et al, 2002). Most doctors evaluate a child for obesity only after they are around 3-4 years and do not consider fat children below 1-2 as obese. Nowadays, with the high rate of increase, obesity is considered as a medical condition that requires timely medical intervention. Traditionally, obesity is linked to the rate of metabolism, because it dep ends on the rate of the energy expenditure of the body. Therefore, the body slowly moves into the condition of obesity. One of the major issues with obesity in children is that it is very difficult to keep it in control and the process of getting the body to normal is gradual (Ogden, Carroll and Flegal). The primary negative effect of the condition of obesity is serious health threat that it brings along. Childhood is an period of life where the body grows and develops. The way in which this development happens determines the health in the future. However, in obese children many diseases that normally do not occur in children begin to surface. Conditions such as high blood pressure, palpitations, diabetes, which are chronic ailments start affecting children and limit the body’s capacity to grow and develop in a proper manner. It also has a high impact on the way in which both physiological and psychological development takes place in children (Berkowitz et al, 2003). Thus, th e body is not able to perform to its optimal level because of the high weight, causing an effect on the physical development of the body. Most people think that obesity can cause only physical problems for the child. While it is true that obese children are more likely to turn into obese adults who have an increased risk of heart diseases and strokes, it is also needs to be

The various nursing intervention approaches to descrease pain among Research Paper

The various nursing intervention approaches to descrease pain among patients with sickle cell disease - Research Paper Example globin chain and is usually found from people of African-American, Middle Eastern, African, Afro-Caribbean, Indian or Mediterranean descent (McMahon, Callaghan, O'Brien, and Smith, 2002, 183) This condition usually results in haemoglobin with increased blood viscosity, dehydration, acidosis, or infection polymerise with less deformable red cells (McMahon et al, 2002). The symptoms of SCD which results to vascular occlusion are painful hand-foot syndromes, cerebrovascular occlusions, chest syndromes, and splenic sequestration resulting to splenic atrophy. It is characterized by the failure of the spleen to function optimally even in the first months of birth that usually leads to overwhelming pneumococcal infection, usually at 20% mortality rate for patients under 5 years old (Overturf, 1999). Since access to health care is seen as one of the main problems for SCD patients (Routhieaux, Sarcone, Stegenga, 2005), it becomes important to identify ways to mitigate its most immediate or im portant effect on patient which is pain described as chronic, acute or both. Pain management is an important element of care for SCD patients and related to pain management are to identify pain treatment, control or reduction. Quality of life is an overarching goal for sick patients even those with genetic disorders such as SCD. Pain reduction is usually related to increased patient satisfaction and improved quality of life even in conditions of disease and chronic pain (Adegbola, 2009). Chronic pain has been reported by people with SCD even when they now have chances of living a longer life (Adegbola, 2009). Use of pain relieving, controlling and treatment method for patients with SCD is then important for the determination of quality delivery of health care services. Various methods are employed in Hospitals settings to treat SCD patients in reducing, controlling, and treating pain. These are influenced by the pain assessor, patient access, affordability, availability, knowledge a nd orientation of administrator, and other factors that may be present during prescription or administration. This research will identify these methods and their frequency of use among patients 18 years old and below. -Purpose of the study The purpose of this study is to identify the pain reduction methods used during in nursing intervention and care for patients with SCD. Through identification of these methods and their result on quality of care, nursing professionals may be provided with a guide which method or methods best suit patients with ages below 18 years old. Sickle cell disease is characterized by painful experiences of patients of all ages. In the United States alone, there are about 75,000 people with SCD and that 1 out of 12 African Americans have the sickle cell trait. While it has been suggested that chronic pain is more prevalent and severe during the earlier years of study about the disease, there still are reported daily experiences of pain by SCD patients in mor e recent cases (Adegbola, 2009). The study will identify and chronicle the methods used in reducing or removing pain among SCD patients below eighteen (18) years old during the period January 2009 to January 2010 at Kendall Regional Hospital in-patient section. The findings will aid nurses whose and care providers to determine which best will fit their requirement or need of their patients aged 18 years old and below as well as inform them of available options and best practices in SCD pain management. -Specific aims The specific aim of this study is

Individual Presentations Essay Example | Topics and Well Written Essays - 250 words

Individual Presentations - Essay Example Freud makes a comparison between melancholia and mourning to make it easy to understand this concept (Freud, 245). According to Freud, Melancholia is a condition that is closely related to problems with a person’s ego that leads to the onset of the underlying symptoms and indicating signs of the condition. The theoretical framework that Kristeva takes to explain melancholia heavily borrows from the works of Nerval and Dostoevsky. However, the author explains melancholia through symbolism and imagery from an artistic perspective by clearly articulating that melancholia has some aspects of aggressiveness towards the lost object. Through symbolism that is expressed in an artistic ways people suffering from melancholia are able to express their sorrows, suffering in manner that makes them feel like fleeing away from the lost object or the conditions that bring about melancholia (Freud, 245). It should be clear Kristeva also borrows heavily from Freud’s conceptualization of melancholia. Lasky provides a conceptualization and understanding of melancholia through the use of a poetic approach. Lasky uses a poem to make it apparent that melancholia leads to sadness, which eventually makes someone want to escape this condition through suicide and death. It reveals features of melancholy throughout and shows how this melancholia reveals itself in art and how it expresses itself as a desire to destroy oneself through death or suicide. For instance, a person suffering melancholia laments if there are vermin underneath the earth/ who are waiting for him join

Problems and Opportunities created by having too much data, and what Essay

Problems and Opportunities created by having too much data, and what to do about them - Essay Example This in itself presents possible profits and disadvantages to the handling of large data. Big Data has the ability to revolutionize not just education, but also research. Imagine a world where people have easy access to a large database that has all the necessary aspects that can be needed in a student’s academic performance. This information can be used to plan the most effective designs of education, starting from writing, reading, and math, to progress college-level, courses. It is believed widely that the usage of Big Data in information technology can help lessen the health care costs while improving its quality by making care more personalized, proactive and basing it on more extensive continuous monitoring that are home based. Through such implementations, the U.S. government yearly estimates a saving of 300 million dollars. In addition, there have been persuasive cases made for the contribution of Big Data, for instance in urban planning through high-fidelity fusion of geographical data, intelligent transportation through visualization and analysis of detailed and live road network data. Environmental modeling and mart materials occur through the new genome materials initiative. Financial systematic risk analysis occurs through integrated analysis of a contracting web to find dependence between homeland security and financial entities. Computational social sciences is a new methodology fast growing in popularity because of the lowered cost of attaining data and computer security mainly through analysis of events and logged information largely known as (SIEM) Security Information and Event Management. All these application have proved to be beneficial in a large scale (Davenport & Dyche, 2013). While, the potential benefits of Big Data are real and significant, there still remain many challenges that are related to

MEDICAL Essay Example | Topics and Well Written Essays - 1250 words

MEDICAL - Essay Example The Dermatology department deals primarily with skin diseases, their symptoms, and other disorders that manifest with skin symptoms. The most common cases are those of contact dermatitis, acne, and atopic dermatitis. Additionally, the Dermatology department deals with less common benign neoplasms and malignant melanomas. The department consists of the dermatitis treatment team, made up of world-class allergists, the dermatological surgery team, who operate on neoplasms and melanomas that require removal, and the laser clinic, who primarily focus on cosmetic treatments such as hair removal. We have recently obtained equipment for ultraviolet radiation therapy, which is a safer and faster treatment for skin conditions that can be managed with exposure to sunlight. Our oncology department has been growing by leaps and bounds in the past year. The department now contains a pediatric oncology clinic and a breast health center, in addition to our existing radiation treatment clinic, chemot herapy clinic, oncological operating room, breast cancer treatment clinic, and palliative care clinic. We also cross-treat with the cancer clinics within each of the other major departments. Our most common cases are generally breast cancer and gynecological cancers, but the presenting cases are so widely varied that it is difficult to pin down what are the most treated. Radiation therapies we offer include both brachytherapy and external beam treatments. The side effects of these treatments are the obvious reason for the palliative care needed, as many of the patients suffer greatly, and additionally, a patient receiving brachytherapy can stay in one of our shielded rooms to avoid exposing others to their radioactivity. We also offer alternative treatments including ozone therapy, UV therapy, and nutritional guidance including supplements that may help improve a patient's comfort level. The Gastroenterology department primarily deals with three common conditions: gastroesophageal r eflux, ulcers, and colorectal cancer. Reflux and ulcers are diagnosed by our specialists in endoscopy and esophageal manometry. We can treat extreme cases in our gastrointestinal surgery clinic, which is also used to treat patients with colorectal cancer. The other major responsibility of the gastroenterology department is to diagnose chest pain that has been determined to be non-cardiac in origin. In addition, we have equipment for a variety of treatments, including small bowel enteroscopy, laser endoscopy, endoscopic ultrasounds, and gastric acid secretory analysis. The Pulmonary department deals with many of the critical care cases that come through the hospital doors. We treat cases as varied as cystic fibrosis control, environmental lung disease, pulmonary hypertension and vascular disease, acute injuries, embolisms, COPD, and asthma. Departmental specialists include pulmonary radiologists, surgeons, oncologists, pathologists and allergists, in order to image, diagnose, and tre at the patients of the department. The department offers diagnostic testing of bronchoscopy, exercise stress testing, catheterization, and functional testing. We also have equipment for sleep apnea testing for the patients to take home overnight, and a surgical department for trauma cases. The Cardiology department deals with heart disease cases, primarily focusing on acute chest pain diagnosis. We also have an

Child Development Models Essay Example for Free

Child Development Models Essay This essay will describe the different explanations for childrens behaviour, examining the Psychodynamic, Behaviourist and Social Learning perspectives. It will also evaluate each of these theories and make reference to their practical application. In doing so, the essay will set out how parents, child psychologists, social workers and teachers can aim to understand childrens behaviour.  As Haggerty (2006) states, The theory supporting psychodynamic therapy originated in and is informed by psychoanalytic theory. The psychoanalytic approach to therapy was developed by Sigmund Freud, an Austrian psychiatrist. Freuds model proposed that an individual has three elements to their psychological self: the ego, superego and id. The id is the most primitive, consisting of largely unconscious  biological impulses. The ego uses reality and its  consequences to modify the behaviour being urged by the  id. The superego judges actions as right or wrong based  on the persons internal value system.  (Strickland ed., 2001, p.637)  According to Freud, children progress through various psychosexual stages of development. He claimed that, at particular points in the process, a single body part is particularly sensitive to erotic stimulation (Stevenson, 1996). The first stage begins at birth and continues until approximately 1 year old. It is classified as The Oral Stage because the mouth and lips are the main focus, displaying biting, sucking and chewing behaviour. The Anal Stage comes next and usually occurs between 1 and 3 years old. Toilet training encourages the child to enjoy expelling faeces. At this point the id will be satisfied by this instantaneous pleasure and will be in conflict with the ego and superego, which are concerned with controlling bodily functions to satisfy social expectations and practicality.  The Phallic Stage occurs between approximately 3 and 5 years old and contains one of Freuds most controversial theories, the Oedipus complex (or Electra complex in females). His theory states that the child becomes focused upon the genital area and experiences turmoil in the form of an unconscious desire to possess the opposite-sexed parent and eliminate the same-sexed parent. What Freud termed the Latency Period comes next. He believed that sexual drive lay dormant due to repressed impulses and desires. At this stage, children focus upon non-sexual activities and form same-sex friendships.  At approximately 12 years old, a child faces puberty and enters what Freud classes as The Genital Stage. The focus returns to the genitals but this time in relation to others. There is now an interest in relationships and exploring sexuality. When a child is unable to resolve the conflicts that occur at any of these stages, fixation can occur. If needs are not met in a satisfactory way or if the individuals conscience or superego cannot deal with impulses and drives to love and to hate, then complex character traits emerge (Errington and Murdin, 2006). For example, oral fixation may result in an adult displaying pessimism, sarcasm or gullibility, whilst phallic fixation may result in recklessness or fear of commitment. Freud, like many who begin a movement, now receives much criticism. One area of weakness is the limited scope of his research, as his therapy work mainly focused upon upper middle class women. Another popularly criticised aspect of Freuds work is the emphasis on sexuality as, in his view, everything seems to stem from expression or repression of the sex drive (Boeree, 2006). Despite criticism, Freuds methods underpin the commonly held belief that childhood experiences are hugely important to personality development. In practical terms, those working with children today place great importance on ensuring that a childhood contains opportunities to develop, to learn the difference between right and wrong, and to learn to appropriately act upon or repress urges.  Behaviour therapy is defined as A collection of psychotherapeutic techniques aimed at altering maladaptive or unwanted behaviour patterns, especially through the application of principles of conditioning or learning. (Colman, 2006). The main influencers of this theory were Pavlov, Watson and Skinner. Ivan Pavlov, later to receive the Nobel Prize in Physiology for his research into the digestive system, observed that dogs would salivate upon seeing their keeper, apparently in anticipation of being fed. (Strickland ed., 2001, p.478). Pavlov extended his experiment and rang a bell immediately before food was served to the dogs. Eventually, the dogs would salivate upon the bell ringing, even if no food was then served. This led Pavlov to develop an understanding of conditioned responses and unconditioned reflexes.

Analysis of the Effectiveness of the Cluster Environment

Analysis of the Effectiveness of the Cluster Environment Victoria Mamatova Trends and analysis of the effectiveness of the cluster environment Abstract Today competitiveness is a common? topic in the world, and it is used as a device to reach the optimal economic growth and stable development. Among the main problems for the development of industrial clusters in the absence of an obvious approach is to evaluating its performance. This research has reviewed the economic effectiveness indicators of innovative clusters. This work provides a review of several methods and approaches of evaluating the cluster performance. Then the most appropriate and fully describing approach will be chosen as the most optimum one. Introduction Clusters, due to their inherent capability to support cooperation between different innovation actors in a region, provide a favourable environment encouraging RD driven innovation closely linked to the markets needs. Clusters are now a new trend in the field of innovation and new technologies. In developed countries, they have long been a platform where innovative ideas are born and implemented into practice. Russia also recently discovered a similar phenomenon, but already rapidly developing more and more opportunities in this area. The aim of this work is to study the methods for assessing the effectiveness of innovation clusters, and identifying common trends in the development of the cluster environment. This research proposal expects to have the following outcomes by the end of the project. First, it is important to define the measurement of the economic effectiveness of each cluster. The next objective is to develop quantitative and qualitative indicators that evaluate the effectiveness of clusters, to apply these indicators to the analysis of clusters and confirm the validity of these indicators. Then the analysis of the mechanism and methods required for analysis of cluster environment will be discovered.   In addition, it will be discussed the different approaches towards clusters and find the most appropriate one. Then given a review on the consequences of these concepts for economic and industrial policy. Finally, it will provide description of national and regional approaches in supporting clus ters and identifies the main challenges that clusters meet today for its proper functioning and development. Nowadays there is no any system or standard accepted, where would be a unite criteria for estimating performance of the cluster. Clusters can be estimated by each criteria separately. However, it is hard to define the whole effectiveness of cluster with separated values such as profit or performance or sustainability etc. Recent publications in foreign literature offer a variety of ways and methods to assess performance and efficiency of the cluster. However, many of them are evaluated in only one cluster parameter. Literature Review The origin of clusters. The current state of research regarding the cluster concept has evolved based on the studies conducted on agglomeration of firms. The first studies in this field started with four empirical observations (Marshall, 1890; Krugman, 1991; Malmberg, Solvell Zander, 1996): most part of the world, national economic and industrial areas are concentrated in very few regions. In these regions investors, universities, government or any other stakeholders of companies are operating. These companies have a longer life and effectiveness than isolated one due to the concentration of resources in this area. The later studies conducted by Porter (1990) and Krugman (1991) highlighted and added new dimensions to Marshalls observations. Despite criticisms regarding the generality of the approach, the widely accepted descriptions regarding clusters are: Geographic concentrations of interconnected companies and Institutions in the particular field (Porter, 1998, p. 45). Clusters a re not seen as fixed flows of goods and services, but rather as dynamic arrangements based on knowledge creation, increasing returns and innovation in a broad sense (Krugman, 1991). Porter (2000) redefines the cluster concept in a new analysis, concentrating on the type of relations that exists between cluster members à ¢Ã¢â€š ¬Ã¢â‚¬ ¢a geographically proximate group of inter connected companies and associated institutions in a particular field, linked by commonalities and complementaritiesà ¢Ã¢â€š ¬- (Porter, 2000), and defining its boundaries that can à ¢Ã¢â€š ¬Ã¢â‚¬ ¢range from a single city or state to a country or even a group of neighbouring countries (Porter, 2000). Modern clusters. Now there is a cluster concept (Porter, 2007) that says that companies gain more competiveness and therefore effectiveness inside the cluster. It also claims that firms in the cluster have a longer life than other isolated companies. There is competition within the cluster. This competition can be among cluster members in an advanced way in the international market. It is worth mentioning that reducing competition is the most important goal among members of the cluster. The idea of reducing competition means ensuring agencies to cooperate more clusters to have an easy access to commercial inputs. Reaching the above goals in cluster facilitates outer-cluster competition and also business and enterprise firms can make the cluster ready for international competition (Kim, 2002). Nowadays there are two problems concerning clusters: economic integration and cluster effectiveness. Economic integration of clusters should be supported by the government with laws (Litzel, 2009), while clusters should consider the intensive intra-regional relationship between its elements (businesses, suppliers, institutions etc.). A cluster model. In order to understand the cluster model from the viewpoint of relations between firms, researchers have defined different models that take into account supplier chains relations, directly based on specific characteristics of urban areas, and clusters which define a typology (Malmberg, Solvell, Zander, 1996) that describes four different agglomerations, which highlights the conceptual differences between the clusters and the other three models.   Based on the role of different cluster members and the interaction between them, Markusen (1996) has defined four models of clusters. Markusen compares its models of modern clusters with the Marshal one, in which the cluster is rather comprising small firms that collaborate with each other, are in direct competition or in a supplier-producer relation. In a hub-and-spoke cluster, there are few dominant firms that represent the core of the cluster and are surrounded by numerous small firms that are linked directly to t hem. In a satellite platform cluster, a group of branch facilities of externally based multi-plant firms (Markusen, 1996) are located in a particular geographic region in order to benefit from governmental facilities or low costs with supplies and workforce. The last category, the state centered (He Fallah, 2011) or state anchored cluster (Markusen, 1996) is defined around a public, governmental or non-profit organization that dominates the region and the economic relation between cluster members. In short, the industrial cluster literature highlights the importance of cluster governance operating horizontally between cluster firms and institutions in local contexts, be it learning and innovation for economic upgrading or implementing CSR measures for social upgrading. This horizontal governance can be contrasted with the vertical governance in GVCs that links global lead firms to both first-tier and local suppliers in international production networks (see below). Cluster firms in developing economies often find themselves confronted by conflicting demands from global buyers, which seek lower labor costs while simultaneously requiring suppliers to comply with higher quality or social standards that would incur additional expenditures (Barrientos Smith 2007; Lund-Thomsen Pillay 2012). The fear of global buyers being foot-loose can keep cluster actors from making sustained investments in infrastructure or workforce development, thereby hindering local joint action. Such anxie ty has grown in the face of global economic recessions (Ruwanpura Wrigley 2011). Industrial clusters. A number of studies have been conducted to show the investment criteria for choosing the industrial clusters in decision-making, which can be separated into several strands. A main group of studies presents that firms will select investment location depending on the development of an innovation system or a technological system in a region (Braunerhjelm et al., 2000, Malerba, 2002, Cooke, 2002, Yeh Chang, 2003, Fleming and Sorenson, 2003, Chang and Shih, 2004, Bell, 2005, Asheim Coenen, 2005). It is reasonable to expect that industrial clusters will emerge from the location where innovation opportunity is available and accessible, as in the link between firms clustering and their probability to innovate (Baptista and Swann, 1998). These building blocks in the innovation system research institution, infrastructure, innovation network, and technology transfer mechanism, will affect the competitiveness of the industrial cluster. Network externality (Dayasindhu, 200 2) and market proximity (Krugman, 1995, Cook et al., 2001) are sometimes the critical criteria when creating a new start-up in an industrial cluster. Innovational clusters. Innovation through industrial clusters can be defined as a way to increase the competitiveness of small and medium enterprises by reaping the benefits generated by the local structures and synergies via cooperative relationship (Idrissia, Amaraa and Landrya, 2012). The clusters provide alliances, which among other things promote flexibility in terms of production volume and variety, reductions in investment costs, reduction in transaction costs and increase in operational efficiency, increased bargaining power, and the development of technology innovation processes (Rabellotti, 1999; Solvell, Ketels and Lindqvist, 2008; Bas, Amoros and Kunc, 2008). The synergy of industrial clusters is also recognized as a relationship network including companies in the same industry sector and that offer them the possibility to achieve innovation and improve product and process development. According to Kuei-Hsien, Miles and Ghung-Shing (2008), network relationships can differ entiate the value of the productive chain when the partners are engaged in activities of common interests allowing the improvement of pro-active actions in the final product or service, which creates a stimulating environment for the innovation process. Engel and del-Palacio (2009) extended Porters (year) definition of industrial agglomeration to delineate a Global Cluster of Innovation Framework that describes business clusters defined not primarily by industry specialization but by the stage of development and innovation of the clusters constituents. While industry concentrations do exist, they are not definitive. It is rather the nature and the behavior of the components that is distinctive-the rapid emergence of new firms commercializing new technologies, creating new markets, and addressing global markets. Methodology The purpose of my research is to estimate the economic effectiveness of clusters performance. Therefore, the main methods of evaluating cluster effectiveness would be economic methods of evaluating project effectiveness. These methods allow seeing the economic feasibility of investment and detecting one of the most financially advantageous of clusters. It is accepted to divide methods of evaluating to dynamic, those that take into account the time factor, and static: accounts. The first group to overview is static methods. The rate of profit is the ratio of the average annual income to total investment costs (Rutherford, 2002). This method can be used to compare several alternatives to capital investment. The most profitable cluster will be considered as one if its rate of profit is not less than the rate of return alternative. The second method is method of determining the payback period. Payback period is a period of time through which the full return on investment due to income from the project (Rutherford, 2002). The payback period of a given cluster is an important determinant of whether to undertake the position or project, as longer payback periods are typically not desirable for investment positions. The next group is dynamic methods. The first is method of net present value (NVP). This method compares the investment volume of the cluster with a total sum of the discounted net cash flows generated during the period of the intended investment. NPV shows if used in the calculation of the rate of return reach R (where R is Interest rate) of the investment within the project life cycle. It should be noted that disadvantages of this method is impossibility to assess which of the alternative cluster are better with great NPV and a long payback period, or a lower NPV, but faster payback. The method of internal rate of return (IRR) This method shows the rate at which the present value of the net revenue from the investment of the project is equal to the present value of the investment and the value of net present value: zero. The disadvantage of this method is that the IRR analysis is not suitable for ordinary investment flows. Then all quantitive and qualitive should be summerised to get number that actually describes effectiveness of each cluster. Each number describes one cluster, so there will be 5 numbers for 5 clusters. The method that will be used to summerise all the criteria is analytic hierarchy process developed by Saaty (2008). This method helps to determine the root of any problem through a hierarchical view of the elements. The main idea of the method is to split the problem into smaller elements, the next step they are compared in pairs. Then the next level is estimated by stating priorities and values each criteria. The output is a relative degree of interaction of the elements in the hierarchy. Overall, these are the main methods that will be used in my study. All of them are quantitative methods. That means that it requires quantifiable data involving numerical and statistical explanations. That is why firstly there will be data collected and analysed from financial and performance monthly reports. Statistica or MS Excel will be used to proceed the data and define the main financial and performance values and then count PP, NVP, IRR that mentioned above. There is no particular soft to build the analytic hierarchy process, so MS Excel is an appropriate option. Anticipated Results By the end of this project there will be five values that fully describe the effectiveness of each (of five) cluster. According to these values, it is possible to choose the most effective one. Therefore, it is very useful tool for investors that can easily define the cluster to invest. Companies also can define their weak sides and where they should improve performance, as priority system is used in the hierarchy analytical method. As it was mentioned before, there is no union system to identify the overall cluster effectiveness. This project will be an example of another working tool for measuring the most effective cluster. Moreover, after finishing project there will be gaps and mistakes revealed (if there any). And then recommendations will be given considering these gaps and how to fix them or improve it. Conclusion The purpose of this review was to view trends in evaluating the economic effectiveness of clusters performance within the past five years and see the rapid improvement in innovation clusters. It is clear from the research that creating and integrating clusters and cluster policy is widely practiced in todays economy. That is why there are plenty of methods of estimating cluster effectiveness such as static and dynamic methods of effectiveness analysis. These methods will be analyzed to find out the one that can fully describe the effectiveness. In this research the most appropriate method will be found and reviewed on the consequences of concepts for economic and industrial policy, as today clusters meet some challenges for its proper functioning and development. 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