Single Professional Code in the Construction Industry Essay

Single Professional Code in the Construction Industry - Essay Example Interestingly, there are apparent moves on the part of contractors to promote ethical codes in their own backyard. Considering this innovation, it is being entertained if creating a single professional code under the umbrella of the construction industry is feasible and practical. (Society of Construction Law Hong Kong. Events by Other Organizations. 7th May 2008, [internet]). As a matter of fact, there have been initiatives to the effect of adopting a single ethical code for unorganized groups working within the coverage of construction law. (Franklin, Kim. Ethical gauntlet thrown down in pursuit of construction code. Architects' Journal. EMAP Architecture. 2004. [internet]). On the question of feasibility, it is believed that there are no hindrances or hitches in consolidating the various standards of conduct among the different callings or disciplines with the end in view of covering the professional relationships between all concerned parties in construction projects. This will be a matter of crafting the papers which will address all the ethical concerns of persons or entities in the construction industry and which will guide all those involved in every project. However, in the meantime, the consolidated version does not have to encroach on the ethical code of each individual organization. In short, the new code will be something like an amalgamation of the individual codes which will be applicable in the inter-actions and inter-relations of the covenanting parties in construction undertakings. As to whether the plan for a single ethical code is practical or not, it is opined that it will be so, the reason being that any party who needs clarification or is in doubt may readily refer to only one set of deliberated and agreed standards, that is, the new single code of ethics. Whatever it will be, the more important consideration is that the so-called seven principles of public office may be covered in the new single convention as the main guiding icons for construction professionals, practitioners and other participants, thus: honesty, fairness, integrity, objectivity, reliability, accountability and leadership. (Seven principles of public office. Standards - Related Information. www.parliament.uk. [internet]). Putting all these virtues together in one array of dictums in the building industry for the players to observe, follow and obey under pain of reasonable sanctions will greatly instil good behaviour and wholesome attitude. In the process, performance will be enhanced a nd the positive results will naturally redound to the benefit of the stakeholders. Honesty has very significant repercussions in construction projects. One example is in the case of bribery, a form of dishonesty. If a contractor makes illegal special deals with environment regulators, he puts at stake the welfare of the people. This becomes relevantly true today owing to the current global sentiments over climate phenomena. Other classes of dishonesty in the construction industry are fraudulent claims, kickbacks or illegal and immoral commissions, and forgery of pertinent documents, among others. The exercise of fairness among the players in the construction industry necessarily boosts morale among its key players who will thereby work harder and more effectively. On the other hand, if a contractor, for instance, is biased in favour of a sub-contractor, the

See Below Essay Example | Topics and Well Written Essays - 1000 words - 2

See Below - Essay Example An estimated 100,000 children of mixed blood had been taken away from their mothers between 1910 and the 1970s , many of whom were subjected to humiliation, sexual abuse and ill treatment and forced to become unskilled labor. At first glance, these two incidents happening close together in geographically distant locations seem to have nothing in common, but a little reflection makes it evident that both incidents are centered around aggression. On the one hand, it is aggression of an individual against others, a classic case of the the individual’s death drive unleashing its negative energy. On the other hand, the aggression committed is by a race against another and the apology points to Freud’s theories of guilt and the conscience. Since ancient times, there have been recurring events of aggression, which took the form of conquest and pillage. Modern day conflicts have their roots in the latent fear and hatred of cultures and sex other than one’s own. Let us consider the books, Love My Rifle More than You by Kayla Williams and Bury me Standing by Isabel Fonseca. In the former, conflict is seen from the point of view of the female of the species, while in the latter, it is the victims sufferings which are highlighted.. Williams gives a graphic account of her experiences as a soldier in the U.S. army in Iraq. She served in Iraq for one year at the beginning of the U.S war against Iraq. The war was fought in the midst of civilian population. Being a female, Williams was considered to be â€Å"less threatening† than her male colleagues. As she was fluent in Arabic, she had the job of communicating with the local people. In her inimitable style, Williams narrates many disturbing incidents, from humiliating an Iraqi prisoner to aiming the gun at a child. In another incident recounted by her, she is made to humiliate a naked and weeping Iraqi

The Basics of Marketing Ethics in the Cosmetics Industry Essay

The Basics of Marketing Ethics in the Cosmetics Industry - Essay Example The researcher states that for every professional, commitment to ethical principles and conduct is vital. Marketers have diverse ethical responsibilities for consequences that may emanate from their actions or decisions that may affect the public: customers and organizations. Based on ethical viewpoints, marketers conduct are guided by laws and regulations and basic rules of professionalism. Among the basic rules of professionalism that guide marketers are honesty and fairness. In essence, marketers must uphold integrity as professionals. They must undertake their duties through honor and dignity when serving their customers. They must not knowingly engage in activities that develop the conflict of interest. Further, marketers have the core duty to ensure information about products that they promote are not deceptive to customers. Marketers must reveal all substantial risks associated with a product that they promote or service usage to customers. In relation to honesty, information that is most likely to influence the customer’s decision to purchase should be disclosed by the marketer. During promotions, marketers must ensure their conducts are not misleading to the customer. They must not engage in deceptive sales strategies that may cause manipulations to the customer. Further, marketers must not engage in price fixing. In essence, they should disclose all price associated when the customer purchases a product. During promotions, marketers must apply rational balance between the buyer’s demands and seller’s interests. Currently, the company’s most dominant brands are NIVEA, Mauceri and La Prairie. NIVEA is among the global leaving skincare brand of products manufactured by the company. It expanded to international operations during the 1920s and 1930s. It has an estimate of 150 affiliates, globally, although Europe forms its largest market.

Human Resource Management Essay Example | Topics and Well Written Essays - 250 words - 2

Human Resource Management - Essay Example For example the mission statement of McDonalds is â€Å"To be our customers’ favourite place and way to eat†. It can be clearly seen here that McDonalds wants to be the favourite place for customers and hence it wants all its employees work in a similar fashion. A vision is different from mission in aspects of goal orientation. Vision is the basic goal of the company which it has to achieve in the future. It is something which the company can achieve if the mission statement is followed. Vision is set by the company for long term goals and it can only be achieved if all the protocols are followed by the employees. Both vision and mission are necessary for organizations as they help the employees to understand the basic role of the company in this world. It gives an overview to both the customers and the employees about the company and tell them as to what exactly are they trying to achieve through their

Pricing Essay Example | Topics and Well Written Essays - 2000 words

Pricing - Essay Example Therefore it is an exchange ratio between goods and services. Pricing is important in marketing as it determines how a product or service will be accepted in the market. It is one of the most valuable four variables that are used in the marketing mix which are used to develop a business plan. This means that it is central to the operation of a profit oriented firm. (McNamara 2007, P. 61) As we have seen, pricing is one of the four factors that are used in the marketing mix of a firm and which is central to the development of a viable business plan. In this regard, pricing is important aspect in market which has been as central to marketing. This is because the main aim of marketing is to take the production to as many customers as it can at the most affordable price that they can afford. Therefore the main aim of marketing as defined is to sell as many products as possible. There are many considerations that have to be made in marketing. In order to reach the target customer there are number of consideration that has to be made and the cost of the products as they are being taken to the consumers is one of those important factors that have to be considered. While pricing a product it is useful for any marketing strategy to take into account the cost structure and the willingness of the customers to pay for the product and also look to the effect of the competing from firms which are selling the same products in the same market. Therefore a good marketing strategy is not the one that blankly targets the demand market but it is the one the targets the consumer and also consider the effect of other competitors in the market. In this regard the competitor and the willingness of the buyers to buy a product at a particular price will have an effect on the overall capability of the firm to sell its products. The firm must also consider the effect of demand dynamics. There are many sources of the demand dynamics. One of the factor that affect demand dynamics is the dependence effects. This is particular to the inexpensive goods which are frequently purchased by the consumers like the household goods. For example if we take an example of Coke and Pepsi drinks, the probability that a consumers will purchase any of the product will depend on many factors which are based on preference and loyalty which affects the demand of the product. One consumer may decide buy Pepsi based on the experience one had on the product th e last time it was purchased. On the other hand one may decide to by Coke as a matter of wanting to experience the difference between the two products. This would be in spirit of wanting to try something different from the other. In this case the consumer will be responding toe what can be referred to as market activities which are driven by demand dynamics. (Michael 2006, P. 34) This shows that there are many market activities that are likely to affect the way a company is going to set it price in the market. The choice of brand of a product in the market is likely to be one of the ways in which a firm is likely to set price. For example in the above given example coke and Pepsi may be coming from the company but in real sense they may be retailing at different prices. While both of them are soft drinks, the demand dynamic

CASE ASSIGNMENT MODULE 5 MGT 516 Total Rewards Essay

CASE ASSIGNMENT MODULE 5 MGT 516 Total Rewards - Essay Example This paper aims at comparing and contrasting the total rewards system with the traditional approach of compensation. Also, the paper will discuss in detail the advantages and disadvantages of total rewards program from the views of the employees as well as from the perspective of employers. A brief discussion of how total rewards are impacted by the legal environment has also been included. Total Rewards: Rewards have been a common element right from the beginning. Be it the barter systems used in the early years or the various compensation plans used in the current times. These have all been the basis for the motivation of people across the world. It was in 1990 that the system of total rewards was introduced and here people around the world were thinking of newer and more effective ways for compensations and benefits (Chen and Hsieh). Also, it was here that aspects such as tangible and intangible methods of motivating employees were being focused upon. The main aim and intension of the total rewards was mainly to retain the employees within the company (Johnston). The following section will detail a comparison and contrast of the total rewards system with the traditional approach of compensation. ... The traditional method of rewards was the same for all employees within the company, the total rewards system on the other hand is focused on only working towards retaining the best in the company. In the traditional approach, the compensations re generally bargain able and employers have a chance to bargain with the employees based on the job market. On the other hand, the total reward style of remuneration is based more so on the employees and their individual value. Another major difference here is that the total rewards are focused on all aspects of the pay, the entire remuneration, including all the direct as well as indirect wages and also prerequisites likewise (Reference for Business). The traditional system however focuses on the basic pay and the added benefits based on the individuals contracts. The traditional approach is more focused on aspects like the hierarchy of the individual, and the position within the company. On the other hand for the total rewards, the focus is more on the individuals work performance and skills (Reynolds). Here hierarchy does not play a major role. Advantages and Disadvantages: Total rewards system have a number of advantages and disadvantages likewise. The following sub sections will detail the advantages and disadvantages from the view of the employer and the employees. Employer’s Perspective: The total rewards in terms of the employer’s perspective, there are a number of issues. Firstly, this proves to be a more expensive approach. The company can have a much higher level of cost savings if another method of payment is to be used for the employees. Also, this method can lead to a number of additional and unnecessary

Pakistan Energy Outlook Essay Example for Free

Pakistan Energy Outlook Essay Primary energy consumption in Pakistan has grown by almost 80% over the past 15 years, from 34 million tons oil equivalent (TOEs) in 1994/95 to 61 million TOEs in 2009/10 and has supported an average GDP growth rate in the country of about 4.5% per annum. However since 2006/07 energy supply has been unable to meet the country’s demand leading to shortages. Meanwhile per capita energy consumption in Pakistan at under 0.5 TOEs/capita remains only one-third of world average. Indigenous natural gas is the largest source of energy supply in Pakistan contributing 27. 7 million TOEs (45.4%) in 2009/10, followed by oil products, mainly imports, at 21.3 million TOEs (34.9%), hydel power at 7.5 million TOEs (12.3%), coal, mainly imports, at 3.7 million TOEs (6.1%) and nuclear power at 0.8 million TOEs (1.3%). Consumption of indigenous natural gas has grown rapidly in all sectors of the economy (residential, commercial, industrial, transport and power) over the past 15 years, driven by growing availability of gas and a low, government-controlled gas price as compared with alternate fuel prices. As a result, Pakistan has developed a vast natural gas transmission and distribution network across the country. However Pakistan’s indigenous natural gas reserves are declining and a low gas price has become a significant disincentive in attracting new gas supplies, either through increased domestic exploration activities or via imports of liquefied natural gas (LNG) or regional gas pipeline imports. If current gas policies persist, Pakistan’s natural gas supply is expected to decline from 4 billion cubic feet per day (bcfd) in 2010/11 to less than 1 bcfd by 2025/26. This will lead to a growing gas/energy shortfall reaching 8 bcfd (over 50 million TOEs) by 2025/26 and will depress Pakistan’s average GDP growth rate over the next 15 years. It is also unlikely that Pakistan will be able to substantially develop its other indigenous energy sources of hydel power and coal by 2025/26 under current policies, and the energy import requirements of the country may grow from the present 30% to over 75% of the energy mix by 2025/26 costing over $ 50 billion per annum in foreign exchange. The government-controlled power sector in Pakistan, one of the largest consumers of primary energy, is facing growing problems due to an unrealistic power tariff, high inefficiencies, low payment recovery and the inability of the government to manage its subsidies mechanism. This has led to a serious â€Å"circular debt† issue which is becoming a barrier for future energy sector investments. This Pakistan Energy Outlook document identifies a set of energy â€Å"Blueprints† which, if implemented, could allow the energy sector in Pakistan to thrive and grow and become the engine for the social and economic development of the country, allowing accelerated GDP growth rates. As with all reform processes, the â€Å"Blueprints† will require significant political will to execute and it is hoped that the present and succeeding governments in Pakistan will rise to the occasion.