Wednesday, May 6, 2020
Meyerland Plaza â⬠Real Estate Finance Free Essays
This paper will take Chip Douglas and Steve Clark into a big decision on how to recommend to HMC the redevelopment of Meyerland Plaza. Because of the existing problem that took place 1980ââ¬â¢s by the lending who take advantage the practice of lending and savings loan institutions the SL who owns one parcel of the Meyerland Plaza lot. The WC who called Chip and Steve was confident that they could leverage their leasing and development experience into larger-scale transactions. We will write a custom essay sample on Meyerland Plaza ââ¬â Real Estate Finance or any similar topic only for you Order Now They were willing to make a significant co-investment of their own capital into the Meyerland redevelopment a deal that they had been working on for the past three years. Persuading the MHC to Invest in the Redevelopment of Meyerland Plaza Meyer land Plazaââ¬â¢s location is situated from on a 59-acre site fronting the West loop of Interstate 610 in fully developed southwest Houston. Meyerland Plaza is three miles from Houstonââ¬â¢s Galleria area and the Texas Medical Center. The site was bordered on the North by aà small strip shopping center, on the south and west by west existing residential development, an on the East by the West Loop 610 freeway. The place has 365,000 people (166,000 households) with income of $48,000 by 1999 will increase to 422,000. Beside the population was increasing yearly and the demand also increase. With this situation the HMC would not hesitate to invest to Meyerland Plaza as one of the promising company in the future. Risk that the HMC consider in Investing to Meyerland Plaza It involves big Investment of about $19.5 million in equity and $35.2 million in construction debt. Most developer were wary of the exposure of closing a floating-rate construction and planning permanent, fixed-rate financing at a future undefined rate. Another factor to consider was the relative volatility of returns to retails development deals versus office or industrial deals. Mitigation that can be Foresee on the above Issue The proposed redevelopment will offer the unique combination of the economics of the power center at the size of a typical regional mall. The project generate a highly predict table cash flow given the credit quality of the tenants. The proposed redevelopment will offer the unique combination of the economics of the power center at the size of a typical regional mall. Anticipated returns are 18% to 24% base4d on a five year holding period. Conclusion Chip and Steve had made a good decision in recommending to HMC because it is a good site and the populations in these areas are increasing yearly. According to the survey the community living in that area need a convenient shopping that Myer land Plaza can offer. The location is good that located within a densely-populated, stable trade area accentuated by significant purchasing power. Beside most power centers are on the fringe of markets demographic visibility and access from Loop-610 North south. There is no doubt that investment of HMC will surely return in shorter period of year. In general, based on the above mitigation, if I were Chip and Steve, I also recommend to HMC in investing the redevelopment of Meyer land Plaza. Reference Meyerland Plaza. 2006. October 9, 2006 How to cite Meyerland Plaza ââ¬â Real Estate Finance, Essay examples
Sunday, May 3, 2020
TAROM Romanian Air Transport
Question: Discuss about theTAROM Romanian Air Transport. Answer: Process for Online Booking Summary Specifications There are seven steps involved in the booking of the TAROM airline ticket. The first step includes the selection of the various attributes such as departure date, departure and arrival destinations which may be single or multiple, return date, type of trip, mode of payment, number of passengers, flight type and service class. Once these selections are made, next step includes the selection of flight and pricing method with an option to check the price. The matching details are then retrieved and displayed followed by the requirement to fill in the traveler details which include demographic and contact details. There is an option to select the seats as well followed by final purchase of the tickets. The tickets can be purchases instantly or within a period of 48 hours (in case of cash payments) and the reservation is required to be confirmed through the email sent on the registered email id. In case of instant payment, mode of payment is required to be selected such as debit card or c redit card and the details are required to be filled out. Once the booking is completed, a unique reservation number is generated to manage and modify the bookings later. The process exists to allow the users to book their flight tickets from any location and at any point of time. There are various options that are provided to the users in terms of their mode of payment, time of payment, choice of seats, choice of flight type and likewise. The automated process has been incorporated to ensure that the users can avail the services offered by TAROM with complete ease and avoid the repercussions of long queues at the ticket counters. The Business Process Modeling Notation (BPMN) of the entire process depicts the entire online booking process in the form of a map which is similar to the flowchart. BPMN map represents the various paths that can be followed to achieve the final goal that is the booking of an airline ticket [1]. For instance, there may be one user who may want to book a flight ticket in the economy class with mode of payment as debit card. On the other hand, there may be user who may want to book a return ticket through credit card. The BPMN map shows the various options and paths that are available for the users as per their preferences. Also, it brings out the usability of the entire process to ensure that maximum customer satisfaction is attained through the same [2]. Key Performance Indicators (KPIs) There are a number of KPIs that shall provide a clear picture of effectiveness of the entire process to achieve the business objectives. Hourly, Daily, Weekly, Quarterly, Monthly and Annual Bookings: The number of bookings that are done by the users through the online booking system will provide a picture of the ability to achieve the business objectives of the booking process. The primary objective of the online booking system would be to ensure that there is maximum number of sales that is maximum number of bookings done through the entire process; therefore a higher number will reflect better results. The same can be easily calculated with the automated online booking process that will reflect the orders completed at the required interval of time. There can also be partial and complete orders that can be retrieved from the system [3]. Site Traffic: There may be users who may not book the tickets online but check the flight frequency or price through the system. The higher the site traffic, the better will be the results in terms of the business objectives. The site traffic will be an essential KPI and can be calculated through a number of automated website analysis tools. These tools will also provide customized and automated reports on the type of site traffic and frequency of the same [4]. New Customer Order versus returning customers: There will be two types of customers on the site viz. new customers and returning customers. Every customer will be identified by a unique email id and the same shall be used to identify the number of new and returning customers over a period of time. This KPI will provide the picture on the customer engagement and popularity of the site in the market which are the two prime business objectives. The same can be calculated easily through the sales data of the automated online booking system. IT Based Process The example of online booking of airline tickets is an IT based process as it involved the use of Information Technology and Information Systems in the entire process and sub-processes that are associated with the same. There is an automated system that has been deployed that includes the automated code for various activities that are involved in the booking of an online ticket. For instance, the system sends an automated email to the registered email id of the customer as soon as the purchase is made. Also, the system retrieves the customer details in case of a returning customer and provides an option to modify the bookings through a unique reservation number [5]. Automated sub-processes like these have been deployed and implemented in the booking system which makes the entire process as an example of an IT based process. There is a front end and a back end that is present in the system wherein the front end of the system provides a graphical interface to the users to perform vario us activities involved in the booking of the ticket. On the other hand, the back end of the system is a database in which the entire information is stored and can be retrieved as and when required by the system. The presence of the front end and back end along with various interfaces to integrate them results in the overall functioning of the system. It is with the use of IT tools and equipment that automated system has been designed, developed and deployed to allow the users to make use of the same [6]. References Kazemzadeh Y, Milton S, Johnson L. Process Chain Network (PCN) and Business Process Modeling Notation (BPMN): A Comparison of Concepts. 2015.https://www.sciedu.ca/journal/index.php/jms/article/view/6494 (accessed 3 Mar 2017). Russo V. A Business Process Model for Integrated Home Care. 2015.https://www.sciencedirect.com/science/article/pii/S1877050915024825 (accessed 3 Mar 2017). MUNTEAN M, TARNAVEANU D, ION A. E-Commerce Performance. Shopping Cart Key Performance Indicators. Informatica Economica 2016;20:62-71. doi:10.12948/issn14531305/20.1.2016.06 Tsai YCheng Y. Analyzing key performance indicators (KPIs) for E-commerce and Internet marketing of elderly products: A review. 2012.https://www.sciencedirect.com/science/article/pii/S0167494311001464 (accessed 3 Mar 2017). Bermdez G, Rojas L, Bustelo C et al. Model Innovation of Process Based on the Standard e-commerce International GS1. Ijimai.org. 2012.https://www.ijimai.org/journal/node/372 (accessed 3 Mar 2017). Aldin N. Business development with electronic commerce: refinement and repositioning: Business Process Management Journal: Vol 10, No 1. Emeraldinsight.com. 2017.https://www.emeraldinsight.com/doi/abs/10.1108/14637150410518329 (accessed 3 Mar 2017).
Thursday, March 26, 2020
Art Is Indefinable Essay Example
Art Is Indefinable Essay Example Art Is Indefinable Essay Art Is Indefinable Essay Art is indefinable because of its constant evolution. This evolution has taken place because art inherently has an aspect of human contribution and, therefore, is subject to progression in ways as numerous as its very creators changes. There are two main reasons that illustrate the fact that art is indefinable. These reasons are that art has a changing role in society, and that the various production methods of art endlessly transform. The first of the reasons is crucial because it shows that art, as a result of the human artist, will necessarily change when its human maker changes.This is what allows for art to have a specific time setting in which it will have a particular meaning and importance. Thus, because of the infusion of an artist into their art, the piece will in some degree convey a glimpse of a changing social environment. This environment may never be relevant again after that specific point in time, indirectly illustrating history and change. The second reason for illustration again focuses on how the involvement of procedural evolution does not allow for the permanent defining of art, in this case in regards to the applied art production methods.Most recently computers have revolutionized some forms of art. It has also created a new movement through the application of technology in new and unique ways to the creation process. If art had been permanently defined prior to this new use of computers it would have stifled what has become a new and exciting branch of art, and as a consequence could have limited future productions from unimagined advancements. An inflexible and permanent definition of art as a result of the aforementioned reasons is detrimental to the progression of art that is crucial to its very continuance. And as a result of this constant evolution art is indefinable.
Friday, March 6, 2020
14 Quotes for a Funny Wedding Toast
14 Quotes for a Funny Wedding Toast If youve been asked to give a wedding toast, chances are youre taking yourà role seriously. Perhaps too seriously! Often, the best wedding toasts start with a joke, even if they wind up with a sincere wish for the couples future happiness. Why Give a Funny Wedding Toast? Weddingsà bring up complicated emotions. For the bride and groom, theres joy along with (in many cases) tremendous anxiety. Sometimes the anxiety is related to the very idea of a permanent commitment; other times its related to aspects of the wedding itself. Will the caterer show up? Will my divorced parentsà get into a fight? Will Aunt Jane get drunk and fall into the wedding cake? Similarly, complex emotions come up for parents who are both thrilled and saddened as their child steps into a new role and a new stage of life. Siblings may be delighted, jealous, or even angry about some aspect of the wedding. Best friends may feel left behind. Humor is almost always the best way to break the ice, lower anxiety, and just have fun at a wedding. If youve been asked to give aà wedding toast, chances are you have a close relationship with either the bride, the groom, or both. That means you know which kinds of humor are likely to get a big laugh, and which wont. Funny Wedding Quotes to Choose From Not all of these famous quotes will be right for you, but youll almost certainly find one or two that connect with your particular wedding party! Henny YoungmanThe secret of a happy marriage remains a secret. John MiltonBiochemically, love is just like eating large amounts of chocolate. Henry KissingerNobody will ever win the battle of the sexes. ThereÃâ¬s too much fraternizing with the enemy. Cathy CarlyleLove is an electric blanket with somebody else in control of the switch.ââ¬â¹ SocratesBy all means, marry; if you get a good wife, youll be happy. If you get a bad one, youll become a philosopher. Rita RudnerI love being married. Its so great to find that one special person you want to annoy for the rest of your life. Mickey RooneyAlways get married early in the morning. That way, if it doesnt work out, you havent wasted a whole day. Henny YoungmanI take my wife everywhere I go. She always finds her way back. Ralph Waldo EmersonA mans wife has more power over him than the state has. Honore de BalzacThe majority of husbands remind me of an orangutan trying to play the violin. Anne Bancroft The best way to get most husbands to do something is to suggest that perhaps theyre too old to do it. Erma Bombeck Marriage has no guarantees. If thats what youre looking for, go live with a car battery! Anonymous A good marriage is one where each partner secretly suspects they got the better deal. Winstonà Churchill My most brilliant achievement was my ability to persuade my wife to marry me.
Wednesday, February 19, 2020
Racism and Discrimination Essay Example | Topics and Well Written Essays - 750 words
Racism and Discrimination - Essay Example When they come to the realization that they had been suppressed and oppressed, and their own individual human rights and those of the race are very adversely affected and endangered, they feel isolated from the society. As a result they long for a cultural identity for the blacks in America. Thus many Afro-American writers have tried to instill black racial pride in the minds of regress. The Harlem Renaissance and the civil rights movement of the 1950s played major roles in this change of outlook. Langston Hughes strongly believed that the educated black elite should lead blacks to liberation. Most of his poems exhort the readers to be proved of oneââ¬â¢s black identity and raise oneââ¬â¢s voice against any sort of injustice: ââ¬Å"In poem ââ¬ËTheme for English B,ââ¬â¢ by Langston Hughes, Hughes talks about the African American struggle of equality. This is a common subject for Hughes. In many of his poems, he speaks about blacks and the injustice that they face.â⬠(Theme for English B; Hunnie 522-2006. Planet Papers). Hughes stressed the importance of a racial consciousness and cultural rationalism and encouraged blacks to take pride in their own diverse black folk culture and black aesthetics. The poem ââ¬Å"The Theme for English B,â⬠expresses Hughesââ¬â¢ experience as the only African American in an all white composition class in the 1920s. His English instruction asks him to write a poem and remarks ââ¬Å"And let that page come out of youâ⬠¦ Then, it will be true.â⬠This makes the poet to think of his black ideality and he expresses the blacksââ¬â¢ desire to eat, sleep and be in love just like the white man. He is afraid that because he is black, his writings would be discarded as mere blackish babblings: ââ¬Å"I guess being colored doesnââ¬â¢t make me NOT like the same things other folks like who are other races. So will my page be colored that I write?â⬠(Hughes, Langston. ââ¬Å"Themes for English
Tuesday, February 4, 2020
Social issues in canada Essay Example | Topics and Well Written Essays - 500 words - 1
Social issues in canada - Essay Example As the nation has a lot of Catholic individuals, any kind of abortion was not tolerated. From 1969, abortion was permitted in the event when the life of a mother is said to be at risk. Illegal abortions were still done and in 1988, Dr. Henry Morgentaler, an abortionist was faced with abortion charges. Finally, the court ruled that the present abortion regulations in Canada epitomized an unconstitutional burden on women rights. This made the law to be upended (McCullough, 2014). Even though the Canadian Supreme Court allowed for other limits on abortion, the government of Canada has never approved any of the limits. Women in Canada are at liberty to abort and it is seen to be a degree of laxity that has not been seen in any part of the western world. The Canadian health care system is seen to be functioning properly and liked by most individuals for the services they provide. Since 1960s, the Canadian government started a slow process of removing out the profit making health clinics, hospitals and insurance. They were later replaced with universal, new and health care system funded by the government. Currently, every individual in Canada is offered comprehensive health insurance without requesting. This is done by the use of public health coverage plans that different provincial governments run (McCullough, 2014). It means that every Canadian individual does not need to pay for his/her medical bills or depend on their employers for any health insurance. A small amount on monthly premiums is charged by the government while it steps in to clear the majority of the bill for operations, check-ups and exams. It is not easy to maintain a health care system. Currently, many Canadian individuals need to purchase supplementary private health insurance required in paying for eye examinations, operations termed as non-essential by the government and dentist examinations. Likewise, hospitals in Canada mostly have a lot of patients because they are accessed easily. This
Monday, January 27, 2020
Collective Programming Of The Mind Cultural Studies Essay
Collective Programming Of The Mind Cultural Studies Essay Many researchers have provided different frameworks to describe the elements of culture that relate to business patterns around the world. But here we would discuss how these frameworks apply over CHINA and AFRICA, which has so many cultures and religions within it. Dutch expert, Geert Hofstede has provided his research framework from the results of his extensive study of national cultures. He did this study on IBM employees in 40 different countries and gave four dimensions of culture (Hofstede, 1983). But later a fifth dimension Long-term orientation was added to his framework which he developed with colleague Michael Bond. The below paragraphs will discuss briefly on the Hofstede and Trompenaars find out the cultural fit between China and Africa Power distance is the extent to which less powerful members of institutions and organizations within a country expect and accept that power is distributed unequally. Of note is Chinas significantly higher Power Distance ranking of 80 compared to the Africa which averages about 49, and the world average of 55. The above result indicates that there is a high level of inequality in terms of authority and wealth in a social set up. The situation is created but the cultural heritage and was not forced upon. (Hofstede, 1984). As said by Hofstede, power distance between management and employees is very high. The seniority concept is been implied in all the company structures both in private and public sectors. The age factor also plays a vital role and giving respect to elderly person is a must in both the culture. Individualism pertains to societies in which the ties between individuals are loose: everyone is expected to look after himself or herself and his or her immediate family. Collec tivism as its opposite pertains to societies in which people from birth onwards are integrated into strong, cohesive in-groups, which throughout peoples lifetime continue to protect them in exchange for unquestioning loyalty(Hofstede, 1984). A culture is determined as individualistic or collectivistic by the means of three main factors. They are complexity of the society, affluence of the society, heterogeneity (Triandis 1994). China is a typical collectivist society where harmony is valued very high. Harmony can be found in many ways in case of the Chinese. Dignity, self-respect, and prestige are some of the attributes which they would call it as Saving ones face. Therefore, social relationships including senior- junior relationship in business organisation in China are maintained with harmony. Chinese managers involve lot of sentiments in their decision making rather than using rational powers in leadership performance. Adele says that most of the African countries are low on IDV but in contract South Africa alone has a high IDV of 65 because of the European influence in the country. This high score of IDV is indicative of different cultures existing in South Africa and how much they prefer to use their reasonable powers in terms of mangers and their leadership. Chinese masculinity index in Hofstede Dimension is at 66, and the world average also stands at 50 (See appendix). The difference in the values of men and women infers from the higher rank of the country in this dimension. On comparing the world average Masculinity and uncertainty avoidance are relatively higher. A glance on the appendix, very few listed countries have such high masculinity index. In China, masculinity is higher than the figure actually shows as males are valued more than females, and the masculinity of China (66) is quite close to that of South Africas masculinity index which is 63. Chinese lowest ranking dimension is Uncertainty Avoidance (UAI) at 40 and South Africa at 49, when compared to the world average of 65. Openness towards unstructured ideas and situations can be found while going down the ranking (Hofstede, Website). The population may have fewer rules and regulations with which to attempt control of every unknown and unexpected event or situation, as is the case in high Uncertainty Avoidance countries. Future is unpredictable in both the countries; People are more concerned in saving money for the future generations because of the highly unsecured feeling which is entirely diversified from the developed country were people tend to spend money. The families in China and Africa are closely bounded in terms of financial needs and wants. Hence Hofstedes view on this index is a real fact. A Chinese value survey was created by Hofstede and bond, (1988) and was surveyed across 23 countries. The results of which combined with an understanding of the influence of the teaching of Confucius on the East, long term vs. short term orientation became the fifth cultural dimension. China leads this dimension with 118 while Africa has no long term orientation in Hofstedes index. Fons Trompenaars and Hampten Turnerss Cultural Dimensions. To find various ideas on the national culture, Fons Trompenaars a Dutch culturist who is a researcher on international culture and Charles Hampden-Turner (a dilemma enthusiast) combined together to find national culture. The finding of broad general rules is called as Universalism; it helps in finding the best rule when there arent any rules that fit in. Particularism on the other hand is about finding exceptions. When no rules fit, it judges the case on its own merits, rather than trying to force-fit an existing rule. China and Africa are mixture of the both. Each culture differs from the way it carries out various operations than the other. Chinese and Africans have a much particularized culture about their family and friends. Rules and regulations are common for all the people whereas the government scheme preference differs for each and every class and state of people. Integrating brings things together to build the big picture. It assumes that if you have your head in the weeds you will miss the true understanding (Richard, 2002). (Turner and Trompenaars,1997) says Individualism is about the rights of the individual. It seeks to let each person grow or fail on their own, and sees group-focus as denuding the individual of their inalienable rights. Communitarian is about the rights of the group or society. It seeks to put the family, group, company and country before the individual. It sees individualism as selfish and short-sighted. In his views Individualism means people who consider only themselves first than others and communitarian mean a person who considers themselves to be a part of a group or a community or people sharing same beliefs and views. China and Africa both has a communitarian culture and people wanted their family friends to be around them during their good and bad situations. People always wanted to work as a group initially but now a day due to huge influences of western culture the trend has started to move more towards individualism. South Africa where there is a heavy influence of the F rench are tend to be more Individualistic than the other parts of Africa. Whereas, people from interior part of Africa are still communistic and tend to depend on family, friends, and the close circle relation. Achieved status means getting to the desired status by means of hard work and performance. In South Africa, status is achieved by means of performance and dedication towards work. It assumes that the individuals or organisations earn and lose their status every day, and that other means of achieving status are recipes for failure. Ascribed status means to gain status either by heritage or by seniority without taking into account of the performance based considerations. It is believed that status is acquired by right rather than daily performance, which may be as much luck as judgement. It finds order and security in knowing where status is and stays, (Turner and Trompenaars, 1997). (Trompenaars,1993) says that people from emotional cultures like china and most of Africa does business in an unbiased culture, where it is important to do the paper work and to bind them legally. People from emotional culture should understand that lack of emotion does not necessarily mean that people from unbiased cultures do not have emotion or sentiments rather it means that people from such culture usually do not express their emotions to others. But when it comes to work culture, they do not give any room for emotions and sentiments. Chinese people usually are open to share common private issues to others but only to a certain extent. They are very much hesitant to share deep and personal issues to common people other than their family and close friends. This type of culture is also known as specific culture. On the other hand, a culture where public and private spaces are similar in size is a diffuse culture. According to (Turner and Trompenaars, 1997) individuals guard their public space because entry into public space allows them into their private space. South Africans usually follow this type of culture. Equality refers to people having equal status, equal rights irrespective of their birth, caste or creed. Hierarchy refers to the individuals who are superior to others in terms of the power or authority they possess. In China the hierarchy nature is followed in many private and all the public sectors. People in higher positions take decisions and others will have to take it. In most of the private sectors the owner of the company takes the decision which directly implies on the employees which may be both positive and negative in nature. In China the hierarchy nature is followed in many private and all the public sectors. People in higher positions take decisions and others will have to take it. In most of the private sectors the owner of the company takes the decision which directly implies on the employees which may be both positive and negative in nature. After examining the work of Hofstede and Trompenaars dimensions on China and Africa, we can say that there are various differences in both the culture. Both, language and traditional culture differs from one another and there are key cultural problems when considering a merger between the two cultures and companies. Below listed are the some of the problems identified as cultural barriers. One of the commonly noted barriers is communication and language stands as a primary problem when considering a organisational merger between China and Africa. The various languages such as French, English, and Portuguese in different regions are spoken in Africa. On the other hand Chinese speak only Phyia language and is still the lone user of the language in the world. The method of expressions and the way of communicating things are very different between the two countries. Chinese language and expressions are defined and ambiguous, were according to (Chang, 1999). (Ma, 1996 and Toomey, 1988) investigated characteristics of Chinese style of communication giving much importance to saving of face, promoting indirect communication, practicing deference, avoiding confrontation and placing a greater burden on receivers to interpret messages. According to another author McCrea (2004), in his research sample it is proved that Chinese are more assertive people than that of Africans. It is also said that to learn the languages and the methods used by the Africans will cost more for the Chinese organisations than other western countries. Thus leads a bigger worry for setting a work pattern together. The second most problem is the difference in the work pattern. The Chinese companies have opened the trade globally only a little more than ten years and also known for being one of the most productive people in the world because they work in most difficult and critical situations across the globe. While, most of the Africans had been used as slaves for many centuries ago and by the influence of that Africans usually do not work as much as the other people do. People who lived in rural areas had a very strong ability for the survival from a critical surroundings and their attitude towards work is taken very light and most of them have dont care attitude towards work and salaries (Jian, 2003). It will be important for a manager to mould these indifferences and enhance the maximum out of the employees who do not have similar work pattern other. One of the challenges for the organisation will be to offset the differences in the religion from employees from both the countries. In China, there are a large number of people, who are atheist, who do not believe in any deities. They are the highest in the world with 91% in terms of non believers. They have Christians, Muslims, and Buddhist in very less numbers and they all account for only 4 to 6 % in total (Central Agency of the USA, 2008), While religion in Africa is versatile, and most of the m follow either Christianity or Islam. After religion, the bigger challenge will be to bring these two different cultures to group as one and extract work out of them. According to (Vacas et al., 2003), the coexistence of overseas investing companies and the local communities is a famous research project in itself. Many companies from the west have existed in Africa for a very long time than the Chinese but still there is lots of conundrum for them to take it forward. It is very difficult to coexist as a one team with the native and foreign people to live harmoniously is a crucial hitch for all the MNCs. Harmony with the local environment will enhance a much better environmental setup for both the Chinese and Africans and will lead to achieving better management goals. As there are not many mergers between the Chinese and the Africans it will be even more difficult task to bind them together as a one unit. Recommendations for the African and Chinese Managers: After many arguments put forward, this shows that there are various differences in cultural aspects between china and Africa. Though there is continuity in the business transactions between the two countries, there is a significant use of absolute power by both the Chinese and African managers. Hence managers from both the countries who will lead a team in a cross-cultural context are suggested as below: The first and foremost aspect in culture is to respect other cultures and to have tolerance level for different religion and cultures. According to (Hofstede,1994) the cultural differences will not change for at least next ten decades. The existence of the cultural differences creates cultural clashes everywhere in the society. Similarly even in organisation these days with more development and advancement of globalisation concept is taking a heavy toll on cultural diversity and with that manager from different cultures get involved in such clashes directly or indirectly. It is very important for the manager to understand and solve the cultural issues, play a vital role in assessing the effectiveness of a manager and as well as the organisation as a whole. Thus it is important for the organisation to maintain tolerance of all cultures and traditions also it is the responsibility of the manager to ensure that the Chinese and Africans work along with each other to keep the relationship harmonious with their fellow mates.Secondly the organisations should take active part to educate the employees on various cultures and involve them in cross-cultural activities. The cross-cultural activities will make the employees to appreciate different cultural values and in turn will change the ignorance towards a particular culture or religion. (Samovar Porter, 1991) identified these values at three different perspectives and they are superficial culture traits, awareness of significant and subtle cultural traits that contrast markedly with anothers, and awareness of how another culture feels from the insiders perspective. In the first place managers from both the cultures should know the resemblance and variations between the Chinese and African cultures. The managers from both the countries should use their own judgement while using their authority considering their own experience from respective cultures. This is done so as to facilitate a clear understanding of using ones own authority and putting themselves in each others position before extending their use of authority on others. In the second place, only rigorous cross-cultural communication can eradicate any misunderstanding between the Chinese and African managers. These cross-cultural training also helps managers to change their behaviour and leadership pattern towards different cultures. Many MNCs give significant importance to cross-cultural communications and is considered a key factor in evaluating managers leadership skills. African and Chinese managers need to measure their own and other parties use of power. After analysing this at the third level, they will also have to examine their control over the power source from each others perspective respectively. After examination, the manager should move forward from being keen observers of the targeted culture to be an effective impact on that culture. Only after this can managers understand his/her foreign counterparts and subordinates to a n extent, perceiving his/her use of power sources. In addition, a manager also needs to show his subordinates that how much a manager can utilise the power source and to what extent he/she can use it effectively. It is very important for the managers to reveal their powers so that it can be used effectively and while acting to be an insider of another culture may spread information quickly than other means. And thirdly and the most important is to improve use of power sources according to culture. There have been various studies which have been undergone to research the relationship that exists between the managers primary power sources and the subordinates performances. The outcome of these studies shows that there is a major impact on the appropriate power sources by the situational variables. This specific outcome has made the author to point out culture as being one of those variables. In cross-cultural leadership, the use of power sources to the specific cultural environment where the manager works should be very carefully imposed. In our case with African and Chinese managers, African managers are far more used to legitimate power whereas the Chinese culture emphasizes on human emotions because they believe that everything should be done fair. Therefore the African managers should consider the factor of human emotions while improving their use of power sources, where as The Chines e managers pay respect to all the institutional rules while imposing their use of power sources, because they value harmony in the company. Thus, proper exercise of powers can mould the two different cultures to work together to achieve the organisational goals and responsibilities. These are the some of the discussions and solutions put forward for a merger between Africa and China. This paper brings more insight on integration between two of the most ancient cultures in the world today. References: Central Intelligence Agency of USA, 2008. The World Factbook, Washington. Charles Hampden-Turner and Fons Trompenaars, Riding the Waves of Culture: Understanding Diversity in Global Business, McGraw-Hill,Ã 1997 Chang. H.C.,1999. The well-defined is ambiguous- sindeterminacy in Chienece conversation. Journal of pragmatics 31, 535-556. 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Trompenaars, F. (1993) Riding the Waves of Culture: Understanding Cultural Diversity in Business (First Edition) London: Nicholas Brealey. Vacas, F., Gonzalez, M., Sanabria, V., Madera, A., 2003. Management of environmental, Social, and health issues involving indigenous communities at the villano project in the Ecuadorian Amazon Region. Van Maanen, J. and E. H. Schein (1979). Toward of Theory of Organizational Socialization. Research in Organizational Behavior, 1: 209-264. http://www.geert-hofstede.com/hofstede_south_africa.shtml (All the diagrams and explanations given in the appendix is taken from Hofstedes website.)
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