Friendship Essay: Helping a Friend in Need -- Friendship Essay, Persona

It is extremely miserable to see a companion or relative affliction or out of luck, particularly when they imagine that everything is good. It is a sensitive circumstance when moving toward somebody in this dilemma, as regularly a person’s pride disrupts the general flow of connecting for comfort. Step by step instructions to offer your assistance to a free companion or relative in this position requires a touch of smart control and a not really clear arrangement so as to help. On the off chance that the current issue is a budgetary issue, the primary reaction is offer them an advance. Then again, the vast majority would be humiliated to admit to this, and will maybe be outraged at the offer. In any case, rather than through and through contribution them cash, exchanging an assistance return for installment would not appear like you are giving them a hand out. For instance...

Poverty and Inequality in the United States

Neediness and Inequality in the United States Americans are pleased with their monetary framework, trusting it gives chances to all residents to have great lives. Their confidence is blurred, in any case, by the way that destitution endures in numerous pieces of the nation. Government against neediness endeavors have gained some ground however have not destroyed the issue. So also, times of solid monetary development, which bring more employments and higher wages, have diminished destitution yet have not killed it completely. The government characterizes a base measure of salary essential for the fundamental support of a group of four. This sum may change contingent upon the typical cost for basic items and the area of the family. In 1998, a group of four with a yearly salary beneath $16,530 was delegated living in destitution. The level of individuals living underneath the destitution level dropped from 22.4 percent in 1959 to 11.4 percent in 1978. However, from that point forward, it has changed in a genuinely thin range. In 1998, it remained at 12.7 percent. Furthermore, the general figures cover significantly more extreme pockets of destitution. In 1998, more than one-fourth of every African-American (26.1 percent) lived in neediness; however distressingly high, that figure represented an improvement from 1979, when 31 percent of blacks were authoritatively delegated poor, and it was the least destitution rate for this gathering since 1959. Families headed by single parents are especially vulnerable to neediness. Mostly because of this marvel, just about one of every five youngsters (18.9 percent) was poor in 1997. The destitution rate was 36.7 percent among African-American kids and 34.4 percent of Hispanic youngsters. A few examiners have recommended that the official destitution figures exaggerate the genuine degree of neediness since they measure just money salary and prohibit certain administration help projects, for example, Food Stamps, human services, and open lodging. Others bring up, in any case, that these projects once in a while spread the entirety of a familys food or social insurance needs and that there is a deficiency of open lodging. Some contend that even families whose salaries are over the official neediness level some of the time go hungry, holding back on food to pay for such things as lodging, clinical consideration, and dress. All things considered, others call attention to that individuals at the neediness level some of the time get money pay from easygoing work and in the underground area of the economy, which is never recorded in legitimate insights. Regardless, unmistakably the American monetary framework doesn't distribute its prizes similarly. In 1997, the wealthiest one-fifth of American families represented 47.2 percent of the countries salary, as indicated by the Economic Policy Institute, a Washington-based exploration association. Conversely, the most unfortunate one-fifth earned simply 4.2 percent of the countries salary, and the least fortunate 40 percent represented just 14 percent of pay. Regardless of the for the most part prosperous American economy all in all, worries about disparity kept during the 1980s and 1990s. Expanding worldwide rivalry compromised laborers in numerous conventional assembling businesses, and their wages deteriorated. Simultaneously, the central government edged away from charge arrangements that looked to support lower-salary families to the detriment of wealthier ones, and it likewise cut spending on various residential social projects proposed to help the distraught. In the interim, wealthier families harvested a large portion of the additions from the blasting securities exchange. In the late 1990s, there were a few signs these examples were switching, as compensation increases quickened particularly among less fortunate specialists. Be that as it may, toward the decade's end, it was still too soon to decide if this pattern would proceed. - Next Article: The Growth of Government in the United States This article is adjusted from the book Outline of the U.S. Economy by Conte and Carr and has been adjusted with authorization from the U.S. Branch of State.

Information Fluency Samples for Students †MyAssignmenthelp.com

Question: Talk about the Information Fluency and Possible Sources. Answer: Data familiarity is the ability to get appropriate data from various media, assessing the data altogether just as investigating it appropriately (Silverman et al. 2013). The three inquiries that the understudies need to pose before looking for the important data are as per the following- What are the watchwords that can be utilized so as to discover significant data identified with the subject? What are the various sources that can be utilized so as to discover data about the subject? Which are the distinctive research zones that is worried about this subject? Exhaustive perusing of the point is the key imperative for finding appropriate data. Complete comprehension of the theme can help a person in finding relevant data. Looking through changed sources can help during the time spent confirming of the data and can likewise help the understudy in keeping away from the occurrence of written falsification. Investigation of the data would help the understudy in finding the correct data. The three potential sources that are applicable to the subject for example Data Fluency are- In this book the writers has talked about encountering thinking. It is said that nothing can be more reasonable than speculation. The demonstration of giving reasons, thinking appropriately, and passing judgment on contentions, considering and reevaluating those contentions is viewed as reality. The creators has additionally talked about the idea of familiarity. It has been referenced that the encounters of familiarity are normal and general however the individuals doesn't concentrate on them. Along these lines if the individuals go to their psychological procedures and offer significance to it, the factor of feeling which is identified with all reasoning procedure can be experienced. The rule of familiarity, its sources just as familiarity with social preparing, familiarity and conduct guideline are clarified in this book (Unkelbach and Greifeneder 2013). In this diary article the writer has expounded on the foundation of data familiarity with twenty-first century. It has been talked about that innovation is indispensable for any sort of data and it can't be irritated from the social setting. Innovation is coming to pass wonders interlinked with what is oftentimes separated as political, socio-social just as practical and logical foundation. It has likewise been talked about that the understudies these days depend on innovation for a large portion of the reasons whether it is for correspondence or for training. It has additionally been discovered that organizations who offer advanced education acknowledge their duty regarding the adjustment in learning structures so as to give better and new computerized condition (Sharkey 2013). In this article the writer has assessed numerous ideas and models in the district of data proficiency and some close to home perspectives how to explain in the most ideal manner both in principle and in pragmatic. The possibility of idea of data familiarity can be given as a primary reason to the support of data proficiency. This article essentially centers around understanding the data familiarity as opposed to the aptitudes and capability. It has been additionally clarified that the data familiarity can join the training necessity, exhortation alongside advising and data specification also supporting the individual data proficiency (Bawden 2014). The reasons that show that the sources are believable are as per the following- The principal wellspring of data is taken from a book where the data of the writer is given alongside the time of distribution. Additionally the name of distribution is likewise given from which it very well may be said the source is bona fide and solid. The second wellspring of data is taken from a diary where the name of the creator and the time of distribution are referenced. The applicable data that is required for the subject is additionally given in this articles which demonstrates its genuineness. The third wellspring of data is extricated from an article where accurate data are furnished alongside the correct references which affirm that the source is trustworthy to the subject. Counterfeiting can be kept away from by not replicating in a visually impaired way. One can incorporate his/her own thoughts that can help in forestalling the issue of written falsification. The reference ought to consistently be given with the goal that the work doesn't add up to an appropriated content. Examining the sources can end up being amazingly compelling in forestalling literary theft. References Bawden, D., 2014, October. Being familiar and continuing looking. InEuropean Conference on Information Literacy(pp. 13-18). Springer, Cham. Accessible at: https://link.springer.com/part/10.1007/978-3-319-14136-7_2 [Accessed on 19.04.2018] Sharkey, J., 2013. Setting up twenty-first-century data fluency.Reference User Services Quarterly,53(1), p.33. Accessible at: https://www.jstor.org/stable/refuseserq.53.1.33 [Accessed on 19.04.2018] Silverman, R.D., Speece, D.L., Harring, J.R. furthermore, Ritchey, K.D., 2013. Familiarity has a job in the basic perspective on reading.Scientific Studies of Reading,17(2), pp.108-133. Accessible at: https://www.tandfonline.com/doi/abs/10.1080/10888438.2011.618153 [Accessed on 19.04.2018] Unkelbach, C. furthermore, Greifeneder, R. eds., 2013.The experience of reasoning: How the familiarity of mental procedures impacts comprehension and conduct. Brain science Press.

The Code of Hammurabi Essay Example | Topics and Well Written Essays - 750 words

The Code of Hammurabi - Essay Example After it was examined it turned out to be clear what it was: a lot of laws elucidated by the Babylonian ruler Hammurabi. It uncovered the finish of the hour of inborn custom and the start of another time of history (Johns). To be sure, as a very much safeguarded antique, there is a lot of we can pick up from its examination. It shows us about the improvement of urban areas and realms, how influence is utilized and safeguarded, how business and riches are made. It is a great record of human turn of events. For what reason was this code of laws significant? Why were individuals eager to find it? The appropriate response must lie in the job that laws and rules play in our general public and in our advancement. In the far off past, individuals sorted out themselves in little gatherings of tracker gatherers. Maybe a couple of families cooperated. It was anything but difficult to force request when everybody knew one another. For instance, even today most family debates never go out. The m other or father is in control and forces discipline. At the point when horticulture was created, individuals started to settle in bigger gatherings. Modest communities created. It turned out to be a lot harder to force rules and teaches. What was required was a target set of gauges that was broadly known. Property questions and demonstrations of viciousness should have been settled else they would putrefy and prompt demonstrations of brutality, request would be obliterated. Rules and laws were required to keep up the harmony. It is difficult to know whether the code itself was written because of genuine issue in Hammurabi’s realm at that point. What is almost certain is that these were decides that were commonly acknowledged and unwritten for a long time before it was chosen to record them. As a matter of fact recording them has a few advantages. It gave more conviction to the framework; the guidelines were recorded and couldn't be changed too without any problem. In any case , it is dicey that the normal individual would have had the option to peruse right now. It was more probable to assist those in the court and to leave an enduring heritage in regards to the quality and request of the realm. Maybe most fundamentally, we see here the changeable form of the Ten Commandments that would turn into the premise of our own laws and statute. There are the individuals who recommend that Moses was motivated by the code of Hammurabi as well (Cook, 30). More grant might be required to demonstrate this thought, yet it is an intriguing one that may reveal considerably more insight into the improvement of laws. The Code reveals to us numerous significant things about Hammurabi’s realm. While a portion of the laws may appear to be somewhat brutal to us today, for instance, culling out eyes and teeth, they in any case show a high level of refinement. The likewise show the Hammurabi was happy to surrender his very own lot tact as ruler which different lords may ordinarily use to rebuff individuals relying upon how they felt that day. These guidelines give assurance and lucidity. They show that Hammurabi was certain about the quality of his realm and ready to surrender some capacity to the individuals who might authorize the rules that everyone must follow. None of the laws appear to be particularly uncalled for (however the discipline may appear to be brutal to us) and that further demonstrates that these guidelines were crafted by a clear psyche and not a result of a crazed tyrant. The acknowledgment of private property is additionally a significant move away from common property holding and may even flag the earliest reference point of the industrialist request (John). This is an

Evolving into you world Essay Example | Topics and Well Written Essays - 1000 words

Developing into you world - Essay Example Consequently, Information takes into consideration a development of information. As changes happen from age to age, there are additionally changes in procurement and utilization of data. This paper thusly, surveys the adjustments in data devices between ages. Are the data devices for the ages before the web came and after the web came the equivalent or extraordinary? This paper utilizes age X to speak to the old age and age Y to speak to the new age. Age X, was conceived somewhere in the range of 1965 and 1980 while age Y is that structure 1981 and 2000. After some time, there has been an adjustment in the habits and propensities for various ages for example, the habits where the old and the new ages get data are extraordinary. The old age intensely relied upon the library for data. In these libraries, data was chiefly got from books. Because of the exertion engaged with perusing these books the utilization of libraries as data sources was repetitive and tedious. Notwithstanding, as far as information advancement such people intensely profited by such investigation strategies. As a result of the time utilized for the examination, understudies would peruse a great deal in order to at long last land on the applicable data. During the time spent perusing a great deal, a lot of information would be assembled. Libraries were principally utilized by understudies for their instructive purposes. In any case, not all individuals who utilized libraries did this for instructive purposes. A few people read articles, magazines and books for no particular reason. Because of the libraries which profited such data materials. The vast majority from the more established age when posed the inquiry of where they would go for data about anything, the appropriate response would be the equivalent. Every one of these individuals would go to a Library. This was the appropriate response I got when I met my dad and granddad. Innovation during the past times was as yet immature along these lines

Subscription Boxes Money Saver or Money Pit

Subscription Boxes Money Saver or Money Pit Subscription Boxes: Money Saver or Money Pit? Subscription Boxes: Money Saver or Money Pit?While a subscription box can save you a lot of timeâ€"and can also save you a lot of moneyâ€"you need to make sure that theyre really worth their cost.It seems everything comes in the form of a subscription box these days, from dog toys to makeup to beef jerky and even carnivorous plants. While they all claim to save you time, money or both in curating the perfect selection for your customer palette, are you really saving money by subscribing?According to Take Charge America  (@tcasolutions) there are currently over 2,000 different subscription boxes to choose from, and each of those boxes is going to claim that they save you a different amount of money. Some beauty boxes, for example, can run $39.99 and curate an average collection worth around $300. But are you really saving $260 by subscribing?It’s all in the box.Depending on what kinds of subscriptions you’re on the hunt for, it is possible to save money on certain things. For exam ple, if you are buying boxes for products you’re already using or interested in trying you might be able to save some dollars. That might not be true for the couponers in the room, however, since you may be better off clipping coupons than relying on the subscription box method.Take Charge America has a few ways of knowing that you’ll save money through the more basic kinds of subscription boxes (like shaving, household or toiletry products):You can budget accurately because you know exactly how much you’re spending each monthYou’ll always have the basics on hand so you won’t have to make extra trips to the storeBecause these companies cut out the middle man, you receive high-quality goods for lessSubscription boxes are also a great way to try before you buy. Often in the case of cosmetic or toiletry boxes, the items you receive are sample or trial sizes. That way you know after trying them if it’s worth your hard earned money to buy the full-sized products the next time you need them. After all, that $300 in cosmetics adds up fast.For pickier shoppers or even those who loathe the very idea of going shopping, subscription boxes can be a major blessing. Not only are you receiving items you don’t have to look for, but they are specially curated to what the company believes you are most likely to want.Those handpicked items are also, depending on the subscription box style, a surprise when you receive your box. And when it comes to the popularity of subscription boxes, some people love being able to expect the unexpected.On this point, The Nest  (@TheNest) cited consumer behavior expert Michael McCall who described “the thrill of wondering what youll receive in the mail each month.” It can almost feel like a holiday getting the chance to open a gift you sent yourself and not quite knowing what the month’s goodies will be.However, The Nest also quoted McCall on the flip side of this what’s-behind-door number-three type of pleasure: After a co uple of rounds of getting items you dont like, you may lose interest.Back to the buying boardWhile it’s fun to get a box of fun items every month, for many it might be a drawback that you don’t really know what you’re getting. The fact that you don’t get to actually pick what you’re receiving means that you could be paying for a bunch of stuff you don’t actually need.While you can squirrel away some of those things for future gifts (and thus still saving yourself some money) consistently receiving items you don’t want is one reason people break up with subscription boxes.Less Debt More Wine  (@LessDebtMoWine) sees subscription boxes as a good thing for those who know what they want and are careful with their spending. However, reckless spenders should beware because subscription boxes aren’t going to help with that particular problem.“Just remember, it’s about cost value and what you can afford,” Liz of Less Debt More Wine said. “So don’t get caught up in t he idea of treating yourself just because you’ve been good in every other aspect of your finances. If it’s not something you can afford or something that really adds value to your life, ideally both, then it’s not going to be worth it.”It’s also important to be aware of what it is you are getting. A downside of subscription boxes is that you are taking the company’s word for what the box contents are worth. Unfortunately, the individual items don’t usually come with prices on them so it’s difficult to know if what you’re getting is truly the deal you think you’re getting.Over at the Nest, McCall compared subscription boxes to gym memberships: If the cost is low enough, consumers will see these boxes as a good dealâ€"even when they aren’t getting much actual value from them. The more clear-eyed you can be when examining your own subscription box experience, the more likely you’ll be to make the right call.Be a smart box shopperJust like every subscription box doesn’t fit every individual person, the differentiation between want and need isn’t one-size-fits-all either. You have to take your personal spending, household needs, and lifestyle into consideration when deciding to take on a subscription box or not.The Nest relayed advice from Certified Financial Planner Katie Colman, who recommended that people interrogate why it is they are using a subscription box service: “If youre constantly strapped for time and dont always make it to the grocery store for dinner goods, then it might be funâ€"and make financial senseâ€"to enroll in a food-and-recipe delivery program like Blue Apron or Plated.”And for folks who weren’t subscribing to subscription boxes to save time, Colman recommended doing a deep-dive to examine their subscriptions cost-effectiveness: “Spending $19 a month on a BarkBox subscription may seem like a great deal on the surface, but could you otherwise justify spending more than $200 annually on treats, toys and gro oming products for your dog??While there isn’t a perfect solution out there, a basic cost-benefit analysis should let you know whether or not your subscription box is a clever lifehack or an expensive luxury that you’d be better off without. To learn more about saving money on everyday expenses, check out these related posts and articles from OppLoans:Save Money This Summer by Saving EnergySave a Few Bucks on Fido with These DIY Pet ToysReusable Purchases That Will Save You Money in the Long RunHow to Use the Library to Save MoneyDo you have a personal finance question youd like us to answer? Let us know! You can find us  on  Facebook  and  Twitter.  |Instagram

Mission, values and key objectives of Faysal Bank - Free Essay Example

Organization:- An organization is a person or group of people intentionally organized to accomplish a common goal or set of goals. Faysal Bank Limited:- Introduction of Faysal Bank Limited:- Faysal Bank Limited was incorporated in Pakistan on October 3, 1994, as a public limited company under the Companies Ordinance, 1984. On January 1, 2002, Al Faysal Investment Bank Limited, another group entity in Pakistan, merged into Faysal Bank Limited which resulted in a larger, stronger and much more versatile institution. Mission:- Mission or Purpose is a precise description of what an organization does. It is a definition of why the organization exists currently. Each member of an organization should be able to verbally express this mission. A mission statement focuses on the how of your business. Faysal Bank Mission:- Achieve leadership in providing financial services in chosen markets through innovation. Values:- A value is a belief, a mission, or a philosophy that is really meaningful to the company. Faysal Bank Values:- Our daily code of conduct is exemplified by eight core values: * Threshold values values at the heart of our brand. * Differentiator values values that set our brand apart. Threshold Values:- * Integrity- Our Integrity: Our Identity * Team Work- Our Team Work: Our Asset * Respect- Our Respect: Our Duty * Professionalism- Our Professionalism: Our Competence Differentiate Values:- * Passion- Our Passion: Our Worth * Responsiveness- Our Responsiveness: Our Distinguisher * Innovation- Our Innovation: Our Strength * Compassion- Our Compassion: Our Gift Objectives:- Objectives give the business a clearly defined target. An objective is something you want to achieve. Faysal Bank Objectives:- * Prime focus to earn profit by providing values to its customers. * To provide superior services to its customers. * To provide assistance in the development of the commerce and trade industr y. * Focus on blending skills and experience towards creating an enabling environment. * Core focus is to inculcate a culture of collaboration intended to deliver world class customer service. * To promote and boost up business sector inside the country. * To provide the employment opportunities in the country. * To provide loan and advances to help out in self employment schemes * To earn profit for the bank itself and for its stakeholders. * To create maximum economic value for shareholders through constant relationship focuses on financial services. Stakeholders:- Stakeholders are individuals or groups who have an interest in an organizations ability to deliver intended results and maintain the viability of its products and services. In the development of a firms mission and vision is a good place to start, but first, of course, you must identify critical stakeholders, get a handle on their short- and long-term interests, calculate their potential influ ence on your strategy, and take into consideration how the firms strategy might affect the stakeholders (beneficially or adversely). Stakeholders can be internal as well as external Internal Stakeholders:- Internal stake holders are individual or groups inside a business or an organization. External Stakeholders:- External stake holders are individuals or groups outside the business who are interested in the decisions an organization makes. Overall stakeholders include owners or shareholders, managers, employees, customers, government, suppliers, communities and Investors. Some stakeholders may have more than one interest in a business. An employee might also be a stakeholder. Managers are employees of the business, a customer might be a member of a local community but yet they can be stakeholders. Stakeholders in a business will usually benefit from their involvement with the organization. Employees will earn money which they can spend on goods and services. Customer s will consume the goods and services supplied by the business and the government will collect tax from the organization. P2:- Evaluate the extent to which an organization achieves the objectives of three stakeholders. Interest Objectives of Stake holders:- Different Stake holders have diverse objective and they have different affects on an organization or business. According to Michael Novak following are seven points that should be kept in mind according to business ethics when developing relations with stakeholders. * Customer satisfaction by providing goods and services of real value. * Reasonable return on the funds entrusted to the business by its investors. * Create new wealth * New job opportunities * Promote invention and creativity * One of the most important is to diverse public interest into different sectors of life. Following are the needs of the stakeholders that the organization caters to for their complete satisfaction. * Shareholde rs want regular, secure and high returns. * Managers want responsibility, high rewards and a lack of interference in their actions. * Employees want high earnings, an interesting job and secure employment. * Customers want quality products at low prices and a good service * Suppliers want secure, regular and profitable orders. * Government wants to achieve a large number of goals including growth in the economy and low inflation. * The local community wants thriving local businesses which do not cause problems. P3:- Explain the responsibilities of an organization and strategies employed to meet them. Responsible Behaviour of an Organization:- Social Responsibility:- Agency theory devised by Milton Friedman says that the social responsibility of an organization is to generate the possible profit for its shareholders with fair competition, no fraud, etc. It should be understood that the managers of a firm are no more than agents working on behalf of the o wners. But at the other end, the stakeholder theory emphasizes a broader set of social responsibilities for business (Mullins, 2005). Ecological Responsibility:- Ecology and the increasing destruction of ecosystems and natural resources have a widespread concern from the public, the governments and inter-governmental agencies. Business organizations in the whole world are required to conduct an Environmental Impact Assessment (EIA) for their new operations or expansion of the existing ones. EIA is a detailed study of the likely environmental consequences of the new development, together with plans to avoid causing damage or to repair damage that cannot be avoided. The EIA takes into account whether resources used are renewable or non-renewable. Allaby elaborates that the cost of obeying regulations may inhibit innovation and apart from the economic effect, this may delay or even prevent the substitution of new products and processes for old ones. Business Ethics:- Busine ss ethics has a broad spectrum, because any action by a firm or one of its employees can be done ethically or unethically (Mullins, 2005). Thus the behaviour of a business towards its customers, competitors, suppliers, employees, the environment, local communities and other stakeholders will certainly reflect the organizational cultures in terms of ethics adopted or neglected. Sternberg includes two tests of the decency (e.g. refraining from stealing, cheating) and distributive justice (i.e. ensuring that rewards are proportional to contributions made). Therefore, an organization is said to be ethical if it satisfies three tests of: * long-term wealth growth of its owners; * common decency * distributive justice If it fails in any of these three tests, the organization is deemed unethical. Management Responsibilities:- The stakeholder view suggests that management is responsible not only to the organizations owners (Shareholders), but also has responsibilities to: * Employees * Customers * Suppliers * Competitors * The Local Community * The general public (and government) Public Relations and Corporate Image:- Corporate image describes the public attitude towards a company, or the image of the company in the mind of the general public and, perhaps more specifically, in the minds of potential customers. It is possible to promote a desired corporate image through a combination of public relations, advertising and the experiences and attitudes build up by customers over the year. (For example, the favorable corporate image of Marks and Spencer grew up over many years, without the need for substantial PR or advertising.) P4:- Explain how economic systems attempt to allocate and make effective use of resources. Economic System:- Economic systems comprises of a long list, some of which are as under:- * Capitalism * Socialism * Mixed Economy Capitalism (Free Enterprise):- Capitalism is an economic syst em characterized by a free market in which means of production and distribution (the land, factories, technology, transport system etc) are privately owned referred to as the capitalist class. The people who sell their ability to work in return for a wage or salary are referred to as the working class. The working class is paid to produce goods and services which are then sold for a profit. The profit is gained by the capitalist class. The capitalist class lives off the profits they obtain from exploiting the working class while reinvesting some of their profits for further accumulation of wealth. Socialism:- Socialism is an economic system in which the means production and distribution of goods are owned by the community collectively usually through the government. Socialism is characterized by: * Production for use rather than profit * Equality of individual wealth * Absence of competitive economic activity * Government determination of investment, prices, and pr oduction levels Mixed Economy:- Mixed Economy is an economic system which allows the simultaneous operation of publicly and privately owned enterprises. It is an economy that reflects the elements of both capitalism and socialism. In a mixed economy, the private ownership as well as the state takes part in the means of production, distribution and other types of economic activities. Allocation of Resources in the Economic system:- In capitalism, the motive for producing goods and services is to sell them for a profit, not to satisfy peoples needs. While in socialism all rights and decision are taken under the government bodies. Everyone can get benefit from that economic system while in mixed economy both socialism and capitalism take place. P5:- Discuss the impact of Social welfare and Industrial policy. Social Welfare Policy:- Modern social welfare measures may include any of the following: the care of destitute adults; the treatment of the mentally ill; the r ehabilitation of criminals; the care of destitute, neglected, and delinquent children; the care and relief of the sick or handicapped; the care and relief of needy families; and supervisory, educational, and constructive activity, especially for the young. Industrial Policy:- Government provides the financial support and capital to the private sector by direct subsidies, tax credits, or government-run developmental banks. Industrial policy emphasizes cooperation between government, banks, private enterprise, and employees to strengthen the national economy. Impact of Social Welfare Policy on Faysal bank Ltd:- As Faysal Bank is a socially responsible corporate entity so it has been a regular contributor to the society and communities it operates in. The employees of the bank established a relief fund for Internally Displaced Persons from Swat, with the bank. The bank partnered with the Institute of Business Administration (IBA) Karachi to provide Rs. 50 million over a per iod of 3-5 years for sponsorship of one academic chair in IBAs Executive MBA program. The bank even donated 183 computers to different educational institutions with a focus on promoting education for the underprivileged. Impact of Industrial Policy on Faysal Bank Ltd:- The main impact on FBL is if the government of Pakistan increases the interest rate so the all banks will get affected by this decision. Due to more interest profit will decrease and people will be reluctant to utilize the services and facilities provided by the bank. P6:- Evaluate the impact of macroeconomic policy and its influence. Macroeconomic Policy Measures:- Macroeconomic is one of the two most general fields of economics that literally means managing economics at large. It deals with the entire economys performance, total amount of goods and services produced, decision making, structure and etc. It can be national, regional, or global economy. It includes the study of GDP, unemployment rates, a nd general behavior of prices to understand how the economy works. It also develops models for analysis of national income, inflation, savings, investment, international trade and etc. Fiscal Policy:- Measures employed by governments to stabilize the economy, specifically by adjusting the levels and allocations of taxes and government expenditures. When the economy is sluggish, the government may cut taxes, leaving taxpayers with extra cash to spend and thereby increasing levels of consumption. An increase in public-works spending may likewise pump cash into the economy, having an expansionary effect. Conversely, a decrease in government spending or an increase in taxes tends to cause the economy to contract. Fiscal policy is often used in tandem with monetary policy. Until the 1930s, fiscal policy aimed at maintaining a balanced budget; since then it has been used countercyclical, as recommended by John Maynard Keynes, to offset the cycle of expansion and contraction in the e conomy. Fiscal policy is more effective at stimulating a flagging economy than at cooling an inflationary one, partly because spending cuts and tax increases are unpopular and partly because of the work of economic stabilizers. Impact of Fiscal Policy on Faysal Bank Limited:- Due to rise in rate of taxation the selected organization has to pay extra taxes, and due to this it will cause reduction in investment because of less earnings and high taxes. The enlargement in the government expenses or payments will increase employment rate as well as the purchasing power of the people means they will spend more. This will cause rise in demand of hospital facilities and services. Monetary Policy:- Measures employed by governments to influence economic activity, specifically by manipulating the money supply and interest rates. Monetary and fiscal policy are two ways in which governments attempt to achieve or maintain high levels of employment, price stability, and economic growth . Monetary policy is directed by a nations central bank. In the U.S., monetary policy is the responsibility of the Federal Reserve System, which uses three main instruments: open-market operations, the discount rate, and reserve requirements. In the post-World War II era, economists reached a consensus that, in the long run, inflation results when the money supply grows at too rapid a rate. Impact of Monetary Policy on Faysal Bank Limited:- The supply of money will reduce, and the flow of money will be a smaller amount due to all this it will affect the business performance. Decrease in business actions will decrease buying power of people and income rate. Due to more interest profit will decrease and people will buy less services and facilities from the selected organization. M1:- Give your judgments about the organizational performance in achieving its objective and also satisfy its stakeholders. Banks Performance:- 2009 was the first year of implementation of banks five year strategy developed in 2008. The bank made considerable progress in all five pillars of strategic focus i.e. Customer Franchise, People, Risk Management, Processes and Financial Perspective. Customer Franchise:- Keeping in view the objective of being the bank of choice for customers, new initiatives were undertaken during the year. To improve customer experience, a service quality department was set up which developed a comprehensive service quality program covering customer experience measurement, process refinement and employee engagement. Islamic Banking: Barkat Islamic Banking was launched, that introduced Shariah compliant banking transactions. Alternate Delivery Channels: The Bank expanded its ATM network by adding 23 new ATMs taking the total ATM network to 116 ATMs across the nation. The bank also introduced real time Cash Deposit facility through ATMs on 13 Cash Deposit ATMs in selected cities. People:- Organizational structures across all functions were reviewed and aligned to focus on business, risks, costs and clarity of roles and responsibility keeping in view with the best practices. Similarly HR policies were reviewed and have been revised. A new performance management system was introduced. Trainings were also conducted for soft skills development of employees. Risk Management:- The Risk Management Framework was revitalized through inclusion of following functions:- * Special Asset Management Group focusing on account recovery and classified exposure management, and * Credit Administration Department engaged mainly in credit monitoring and security documentation. Processes:- The bank centralized five operational hubs into a processing centre for providing seamless services from one single location to the entire branch network. Two geographically separate centralized operation clusters have been created to behave as a backup site for each other in case of a major disaster at one location. Financial Perspective:- In line with the organizational setup, the MIS setup of the bank has also been changed from geographical to functional. During the year MIS level was graduated to the next level i.e. from business segment level to customer level. M2:- Discuss how much the organization acting responsibly under current circumstances. There are various ways and methods for an organization to consider so they can act responsible, however those various ways and methods also depend on the kind of organization you are working with. However, the organization we have selected to write upon is the banking sector. Banks are situated at at places ideal for customers and are environment friendly, as building do not pose threats to the environment. Given the nature of the bank work, which is mainly clerical or administrative, employees are not subject to occupational health hazards. However, a variety of occupational risks to health do exist in the banking sector, as in other cler ical occupations. It is the important for the employees health that adequate standards of hygiene, cleanliness and comfort are maintained in the workplace. It is difficult, to single out health risks involved to the banking sector that are not common to other clerical occupations and it is even more difficult to isolate any special problems in this area for employees of multinational banks. In the majority of cases, foreign and domestic banks are moreover governed by the same legislative standards with regard to health and safety and hygiene in workplaces, which are said to be respected by foreign banks and enforced through inspection at regular intervals. In a number of countries, particularly in Europe, enterprises of a certain size are obliged by law to set up a joint committee on safety and health to monitor the application of legal provisions, point out deficiencies and make suggestions for improvements. Many of the large banks have gone far beyond the legal prescriptions in their concern for protecting their employees health. For example, in a number of cases they have organized training sessions for employees on safety and health problems, precautionary measures in the workplace, fire prevention and other security matters. Ethical codes are rooted in a wider value system, as to what is right or wrong. Companies do have ethical responsibility and are not protected by limited liability from the consequences of their actions. A companys record and the perception of its ethics affect its reputation and ensure long term success or failure. The financial community has a history of placing moral considerations above legal or opportunistic expedients. But we are often exposed to moral dangers. Bankers role is one of stewardship based on trust. They are trusted by the people who ask them to look after their money and they have a duty to lend that money responsible. Banking is about rewards reflecting real risks and ethical considerations form an impo rtant part of their risk taking activities. The welfare of borrowing customers money, in good times and bad is of major concern in any business proposition. Bank depends on people to run their business and to reflect their ethical standards. Banks have to let their people know what is expected of them. A bank responsibility extends to Government, customers, shareholders, staff and community. In the future, as the banks face increasingly complex and conflicting issues, their resolve and commitment to ethical behaviour will be tested. D1:- Justify a choice of a new mission statement salient features. Mission Statement for Faysal Bank Limited:- Focusing on the customers loyalty by providing standard financial services, through developing and delivering innovative products and services keeping in view the stakeholders profitability. Features:- * Customers loyalty * Financial Services * Innovation * Stakeholders Profitability Customer Loyalty:- Objective of the bank is to provide valuable and superior services to customers, so for this the Bank is focusing on close and long term relationship with customers. Their prime aim is to facilitate their customers with more advanced financial services, so to make them loyal. Financial Services:- Objective of the bank is to provide assistance for an individual and business, so the bank is providing mixture of financial services to an individual and businesses for the development and promotion of individuals life and commerce. Innovation:- The focus of bank is to bring more new ideas in their services to their customers. Which will increase the market share of the bank and will led the bank serve more customers. Stakeholders Profitability:- By providing valuable services and innovation it will increase the stakeholders wealth. D2:- Recommend the broad strategies to achieve stakeholders Objective successfully. Strategies:- * Focus the business on the groups core skil ls and process technology. * Position the group in growth markets where our core skills are applicable. Environmental Technologies Division, which combines the skills in catalysts and process technology, is well positioned to serve these emerging markets. * Differentiate their strategies by using our world class technology. We will continue to invest significantly in research and development to develop new products and manufacturing processes. Technology is the key driver for most of the businesses and because of that organizations have a strong science base with technical centers located in all our major markets. * Maintain strong relationships with major customers, suppliers, government bodies and other stakeholders by investing resources on joint projects to ensure the group is well positioned for future market development. * Continue to invest in employees to ensure they are well trained, motivated and encouraged to meet the challenges of the future. * Ensure the business is run in a sustainable way by using resources efficiently. M3 D3:- What are the response of an organization towards social industrial policy and recommended solution. Social Welfare Policy:- The impact of Social Welfare Policy on Faysal Bank is sometime positive and negative. In case of providing free education and medical treatment etc the bank has to spent money which can affect their financial position. While on other hand, by providing these facilities students get motivated. The Bank provides facility of internship to fresh students to develop their practical skills. Faysal Bank provides Gratuity Fund to their employees. The Bank provides fund to IDPs, earthquake/flood affected people, in case of natural disaster in the country. Industrial Policy:- Industries are growing in this leading age so the Faysal Bank is also one of the leading Bank in the banking sector of Pakistan. The Bank provides variety of products of standardized nature which encourages the bank position to be stable in that sector. Against other competitors in the Banking sector, the Faysal Bank has provided innovative products and services to their customers and to business. Providing loans to businesses and encouraging different businesses and providing standard services by Faysal Bank is representing that the bank has given full response towards the industrial policy. Observation and Conclusion:- I observed Faysal Bank Limited a financially sound bank. Its profits are increasing year by year. Their staff is very good and sincere with the bank. According to my research Faysal Bank is not yet facing any major problems regarding Social Welfare Policy and Industrial Policy. Faysal Bank views specialization and service excellence as the cornerstone of its strategy. The people at Bank realize that innovation, creativity, reliability, customized services and their execution are the key ingredients for their future growth. They are aware that they have stepped i nto 21st century and they must meet its challenges by acquiring the highest level of technology. They will thus be accelerating their technological advances to enable them to distribute their products and services through most efficient and high technology means.