Human resources development Essay Example | Topics and Well Written Essays - 750 words

Human resources development - Essay Example he Lake Monroe Reservoir is a project that is designed to provide a variety of services, which ranges from providing flood control, flow augmentation, water supply and also recreation benefits for the people of Indiana polis. The Indianapolis metropolitan area has a population of over one million people, with over 3.5 billion dollars to be spent annually. Jack Keltner has designed a series of changes that he would want to introduce in order to salvage the Fourwinds Marina from the present poor financial state, and set it on the path of recovery, through introducing measures such as adding a second receptionist bookkeeper, introduce a new inventory system, reduce the workforce, add 80 slips and then renovate the Marina so as to avert possible storm breakages. There are several strengths that are associated with the Marina. First, the Marina serves within a region that has a large population density that runs to over a million people who have over 3.5 billion US dollars to spend annually. This means that the business has a large market base for the services it offers, and a potential to earn substantial revenues from the huge money basket that the people have available to spend throughout the year. The fact that the Marina works seasonally is yet the other strength associated with it, considering that it is therefore able to shelve spending resources during the low season without earning reasonable incomes out of its operations. Further, the seasonal operation of the Marina is a major strength; since it enables the Marina get sufficient time to undertake the necessary renovations without disrupting the customers, since the renovations can be done once the season is closed. The major weakness facing the Marina is the lack of experienced general managers in the area of Marina management. The general managers that have been employed to manage the Marina have different areas of specialization, with McLaughlin having been a parts specialist, and Jack Keltner being a

Should the potential benefits of financial system innovation deter Essay

Should the potential benefits of financial system innovation deter regulators from imposing restrictions on the activities of fi - Essay Example Firstly, it spurs economic growth by facilitating the easy flow of funds from the agents who have less or limited productive projects to agents with higher productive avenues. Secondly, the level of risk taken by an investor is reduced on account of a broader availability of assets resulting in greater diversification benefits and risk sharing. However, the above views have come under tremendous criticism with the predication that financial innovation reduces the risk exposure of the investors. The financial innovation was essentially introduced from a positive perspective but it has been seen that these innovations had a negative impact on the overall economy. Though the main purpose of this innovation was to aid the growing external debt market in U.S., it is now blamed to be the pivotal cause of the recent credit turmoil. To avoid such recurrences in the future, the regulatory bodies need to exercise a greater control over the financial markets. (Piazza, â€Å"Financial Innovatio n and Risk, The Role of Information†). Financial innovation: bane or boon Innovation is a ‘double-edged sword’. ... This blend of good and bad means the views on financial innovation is likely to be very subjective. As in the case of automobile inventions, while some view it as a gain for the economy and society; there are others, though very few in number, who believe that pollution and accidental deaths arising from this invention outweigh the societal and economic benefits. According to analysts, ‘financial innovation’ caused the recent financial crisis with the extent of culpability ranging from secondary to extreme. According to some, financial innovation has led to some very effective inventions such as the ATM machine whereas the other financial inventions like Structured Investment Vehicles (SIV’s) are a bane. The list of positive innovations includes Automated Teller Machine (ATM), debit cards, money market funds, exchanged traded funds, indexed mutual funds, currency and interest rate swaps (The Brookings Institution, â€Å"The Pros and Cons of Financial Innovationâ € ). The use of debit cards has enhanced the attractiveness of accounts as people no longer have to stand in queues to withdraw money. The introduction of financial swaps has empowered the businesses to hedge against any unforeseen circumstances. So, if a business with a huge export base is wary of depreciation of the receivables then it can take a suitable position in the currency swap. By this way, the value of its receivables remains intact. Similarly, a prospective borrower afraid of rise in interest rates, can buy forward rate agreements (FRAs) that will safeguard his position in the event of any unfavorable movement in interest rates. Financial innovation has empowered the domestic companies to raise the necessary funds or invest surpluses in the foreign capital markets.