Tuesday, December 31, 2019

Business Environment Assignment - Free Essay Example

Sample details Pages: 5 Words: 1617 Downloads: 6 Date added: 2017/06/26 Category Business Essay Type Analytical essay Did you like this example? Business Environment Table of Contents Section One: Introduction Executive Summary2 Section Two: Discussion and Findings (LO2) 1.13 1.24 1.35 Section Three Recommendations-6 Conclusion7 References8 Executive Summary The purpose of this research is to evaluate and provide solutions to a small business enterprise (Sumciouz Pastry) in terms of how they can perform and meet the needs of the different stakeholders that are affected by the business as well as developing and implementing techniques and plans to meet their goals. The senior partner (researcher) of the business consulting firm (Quality Innovators Consulting Agency) will assist the clients (private partners) who are in the process of purchasing the enterprise. The research will be presented in the form of a report. Don’t waste time! Our writers will create an original "Business Environment Assignment" essay for you Create order The researcher is to conduct a research for a group of small investors in the purchasing of a small business enterprise. This research can help investors and stakeholders in varying organizations and business industry to extend their knowledge of how their organizations can improve their operations through effective and efficient decision-making, planning and development of effective strategies in order for their businesses to progress. As a student pursuing a career in the field of business this research will serve to increase my knowledge in the capacity of assessing how different methods and planning can help businesses maintain its viability and is successful. The research design was a quantitative research collected by secondary data gathering. The internet and books were used as it was convenient and effective in the collection of data. The data generated was analyzed and reflected in the results of the report. Due to the fact that the research was that of a quantitative one in nature, the research maybe lacking in terms of getting primary information that would have yield more insight into the research. The researcher found that the business was hampered at times in relation to improving on its business and its operations based on the increase in interest rates at lending agencies. The researcher recommends that the business to seek and find more avenues that are available to assist them in terms of lending so as to allow the business to be able to progress as it want to and to ensure that it makes decisions that are effective in seeing increased productivity for the business so that due to the type of economic system that it is operating within. Discussion and Analysis LO2 Understand the nature of the national environment in which businesses operate 2.1 Explain how economic systems attempt to allocate resources effectively Economic systems are effectively used to allocate resources effectively and efficiently throughout an economy. The re are a number of economic systems that exists in the economy of which are traditional economic system, command economic system/planned economy that factors in socialism and market economies and pure market, mixed economic system. In a traditional economic system the work that people do the goods and services that they provide along with the way the use and exchange their resources all follow an established pattern, also within this system à ¢Ã¢â€š ¬Ã…“community interestsà ¢Ã¢â€š ¬Ã¢â€ž ¢ take precedence over the individuals.individuals maybe expected to combine their efforts and share equally in the proceeds of their labourà ¢Ã¢â€š ¬Ã‚  (Shoomp Editorial Team, 2008). The command economic system/planned economy it is the government who controls the economy hence they decide how to use and distribute resources such as control price and wages. Under the command economic system falls other economic systems such as socialism where the government has vary degrees of power over the economy whereas in the à ¢Ã¢â€š ¬Ã…“market economic system government does not control vital resources, valuable goods or any other major segment of the economyà ¢Ã¢â€š ¬Ã‚  (Gemma, 2014), pure market economy however, sees the government being absent from economic affairs. Mixed economic system is a combination of elements of command and market economy, numerous economic decisions are made by individuals in the market however government plays a role in the allocation and distribution of resources. Sumciouz pastry operates within a pure market economy or laisser-faire market economy hence the business decides how to distribute and allocate its products and services. This can be beneficial as well as disadvantageous to this business depending on how effective the decisions that are being made by the owner. 2.2 Assess the impact of fiscal and monetary policy on business organizations and their activities According to Riley (2012) à ¢Ã¢â€š ¬Ã…“fiscal policy involves the use of government spending, taxation and borrowing to affect the level and growth of aggregate demand, output jobsà ¢Ã¢â€š ¬Ã‚ . On the other hand à ¢Ã¢â€š ¬Ã…“monetary policy involves influencing the availability and cost of money and credit to promote a healthy economyà ¢Ã¢â€š ¬Ã‚  (Federal Reserve Bank of San Francisco, 2014). Fiscal policy impacts the business (Sumciouz Pastry) both negatively and positively in that when the government increases taxes then it limits the businesses ability to spend more on in terms of investing in its business as well as the fact that it gives customers less spending power hence it can lead to a reduction in the level of customers coming to the business. However, should the government reduce taxes then customers will see an increase in their spending power hence more profit and customers for the business. In order for the business to expand or progress financially the business has to borrow and this can be hindered through monetary policy where financial institutions such as banks increase interest rates thereby limiting borrowing by the business as when interest rates increase business and people tend to refrain from taking out loans as the cost is quite high in doing so. 2.3 Evaluate the impact of competition policy and other regulatory mechanisms on the activities of a selected organization In order to ensure that there is a balance within the business industry and environment there has to be the implementation of policies and mechanisms to ensure that competition is maintained and done in a manner that is fair, one of the ways in which this is done is through competition policy, à ¢Ã¢â€š ¬Ã…“competition policy promote competition, makes markets work better and contribute towards improved efficiency in individuals marketsà ¢Ã¢â€š ¬Ã‚  (Riley, 2012). In the UK there is the establishment of four main pillars which is a competition policy that looks at anti-trust and cartels, market liberalizati on, merger control and state aid control, these pillars basically speaks to ensuring that firms who hold dominant positions in the market do not restrict competition through price fixing; introduction of fresh competition in markets that were monopolistic in nature; the state does not distort competition through certain measures that are being implemented and to examine mergers so as to ensure that there no domination of them in the market respectively. The Enterprise act 2002 is a reformation of the competition act 1998 that sought to promote those who competed fairly to thrive and is stringent on those who tried to restrict competition, the enterprise act adds to that by ensuring that consumers are not harmed and that fair-trading takes place it also factors in the establishment of mergers and market structures. The Office of Fair Trading sees to it that markets work well for consumers and that business adhere to rules of competition and consumer law. Sumciouz Pastry ensures th at it operates fairly in terms of competition and consumer law and this is related to the Office of Fair Trading and Consumer Affairs hence consumers are offered products and services that are of high quality, prices are competitive as the business prices are lower than its competitors for most of its products and services. The business also operates in such a way that meets international standards. Recommendations The researcher would like to suggest the following recommendations of are : The business to seek and find more avenues that are available to assist them in terms of lending so as to allow the business to be able to progress as it want to. To ensure that it makes decisions that are effective in seeing increased productivity for the business so that due to the type of economic system that it is operating within. To procure and apply the necessary and relevant regulatory mechanisms and policies so as to ensure that the business operates in accordance with them. Conclusion In conclusion it is of a fact that the type of economic system in which a business operates in is significant and important in determining how business function in terms of their goods and services are allocated and distributed. For instance, in a pure market or laisser-faire economy resources are allocated based on demand and supply which is determined by income. Also the fact that monetary and fiscal policy can impact a business where an increase in interest rates tend to reduce the amount of loans being borrowed by a business and that an reduction in taxation by the government increases the spending power of both businesses and customers to the business therefore the business may see an increase in profits. Additionally that competition policy and the relevant mechanisms assist in monitoring competition in the market as well as restricting unfair competition that can be carried out by large or more dominant firms; this is implemented through Enterprise Act 2002, Office of Fair Trading among others. References Federal Reserve Bank of San Francisco. 2014.What is the Fed: Monetary Poilicy. [ONLINE] Available at:https://www.frbsf.org/education/teacher-resources/what-is-the-fed/monetary-policy. [Accessed 20 October 14]. Geoff Riley. 2012.Government intervention-competition policy. [ONLINE] Available at:https://tutor2u.net/economics/revision-notes/a2-micro-competition-policy.html. [Accessed 20 October 14]. Geoff Riley. 2012.Managing the Economy- Government Fiscal Policy. [ONLINE] Available at:https://tutor2u.net/economics/revision-notes/as-macro-fiscal-policy.html. [Accessed 20 October 14]. Shoomp Editorial Team. 2008.Types of Economic Systems. [ONLINE] Available at:https://www.shmoop.com/economic-systems/types.html. [Accessed 20 October 14]. Will Gemma. 2014.The 4 Types of Economic Systems. [ONLINE] Available at:https://www.udemy.com/blog/types-of-economic-systems/. [Accessed 20 October 14]. 1

Sunday, December 22, 2019

Decoding The Symbolism Used in A Worn Path by Eudora Welty

Today we will be talking about the different literary references used throughout Eudora Welty’s â€Å"A Worn Path†. I will explain and decode different techniques used by the author throughout her story. The story is of an old southern African American woman, named Phoenix Jackson, making her way into to town to pick up her grandsons medication from the doctor’s office. But this is no normal old woman. She cannot see and is picking her way with a cane to make her way across a barrage of obstacles. Throughout her journey she comes upon different characters and situations, from these events we will draw our interpretations of the symbolism embedded within the tale. The first thing I thought about after finishing the story was how routine†¦show more content†¦When she arrives at the doctors’ office she is greeted first by a grumpy front desk receptionist, then a nice nurse who is familiar when Phoenix approaches her. The nice nurse assures the front desk receptionist that Phoenix is there to pick up her grandsons medication. As she and the nurse chat, Phoenix’s old age starts to play a factor when she loses her train of thought while the nurse asks on the condition of the grandson. As phoenix walks into town, she asks a random woman on the street to tie her shoe. â€Å"Thank you missy. I doesn’t mind asking a nice lady to tie my shoe when I gets on the street†, (A Worn Path, 1280) this could be a continuation of the representation of the child-old woman analogy that I described earlier in the essay. As she finds her way into town, she finds her way to the doctor’s office, she then makes a conversati on with the nurse and tells her, â€Å"We is the only two left in the world. He suffers and it don’t seem to put him back at all. He got a sweet look. He going to last. He wear a little patch quilt and peep out holding his mouth open like a little bird. I remember so plain now. I not going to forget him again, no, the whole enduring time. I could tell him from all the others to creation† (A Worn Path, 1280). I saw this as a representation of how she felt alone in the world, and how she is going to

Saturday, December 14, 2019

Generational Wealth and Economics Analysis Free Essays

Today African American communities are falling apart tremendously. Crime is rising; children are killing more than they are working. Economics are lowering; people tend to spend their money in other communities where businesses look more professional than that of their own, and families are fighting over material things that do not have value or meaning. We will write a custom essay sample on Generational Wealth and Economics: Analysis or any similar topic only for you Order Now There is also a rise in welfare, section eight housing, abortion, credit card and calling card charges, and layaway spending that keeps an individual in bondage; bondage of his mind. I would like to suggest that there is a lack of generational wealth in the African-American community. The lack of generational wealth is a direct result of our knowledge of economics and understanding economics. In order to understand the two, generational wealth and economics, you first have to go back to the beginning of time when God created the man and woman (Adam and Eve) and gave them their job description. In the book of Genesis the first chapter and the 28th verse, God said, â€Å"Be fruitful and multiply; fill the earth and subdue it; have dominion over the fish of the sea, over the birds of the air, and over every living thing that moves on the earth. And God also said, â€Å"See, I have given you every herb that yields seed which is on the face of all the earth, and every tree whose fruit yields seed; to you it shall be for food† (Question about Quoting Bible). At this time God gave a charge to Adam and Eve giving them dominion. They were producers of the world. But when they decided to mess up in the garden by eating the forbidden fruit, they went from being producers into being consumers. This is one of the problems today in the black community. Out of a lack of understanding of who we are and what our purpose is, we consume all things of others but rarely move into the understanding of producing our own. In this light, increasing the number of blacks in ownership positions appears to be an important prerequisite for ending black community unrest (McKersie pg 84). If blacks are upset because they lack control over the institutions of their community, because they are charged high prices for inferior merchandise, victimized by credit racketeers, and exploited by employers, then perhaps some would argue, greater black ownership will help end this condition. If the black community lacks leadership and a stable middle class, then enlarging the number of black entrepreneurs may provide such leadership and foster stability. If the problem is lack of racial confidence, the success of black capitalists would build pride. Today in the black community, crime is rising; children are killing children and spending more money in the communities than their parents. There is an increasing number of males killing for what they think are respect. There is also a mindset on children that, it is better to kill, steal, and destroy, to get what is gratifying to self. Children have become lazy. They have depended on the former generations to get things done rather than them. Today also, there is an increased number of welfare, section 8 housing, and abortion participants, which are considered to be popular in the community. This is nothing but bondage. Society has a way of keeping people focused on minor issues and making them think that they are major. Welfare is not a major problem but rather one that is minor. The major problem today, which has always been a problem, is economics. Economics is a problem because many African Americans don†t know what economics are and how to manage it. Out of one†s lack of understanding the economical breakdown of society, he cannot teach his child about generational wealth. Generational wealth is what a family has accumulated over its lifetime along with those resources that have been inherited across generations. Generational wealth is not riches. When one is rich, they are materially content for the moment but not necessarily content in their private lives. One who is just rich, will become a private failure but public success. In essence, riches are the successes of the world. On the other hand, wealth is generated through the family unit and is passed down generationally. In Proverbs 13:22, it reads, a good man leaves an inheritance to his children†s children. In order for one to truly understand generational wealth, he must first understand economics and vice versa. Economics is the study of heart and wallet. Meaning, if you want to touch people, you have to reach them in their pockets. Matthew 6:21 states, â€Å"For where your treasure is, there your heart will be also. Let†s break down economics. The Greek meaning of the word echo means family. Therefore, economics is the study of the family management. This is so awesome that God decided to give us an assignment in His daily word. In Luke 19:13, God says, â€Å"do business until I return. † He didn†t just throw business in there for anything. To do business until God return means, to occupy; take dominion; handle things in decency and in order to the word of God. Sad to say, but some people only understand economics when it comes to selling drugs. Young men and even some young women understand that you can buy large quantities of drugs at wholesale and make profit by way of retail. On the other hand, if you ask them to turn the television to the stock market channel and decipher the information run on the station, they can†t even relate. So when do we come to an understanding that there is a world wide problem of the family unit that is affecting our economics? One of the major problems in the black community is that everyone is out for self. We have gained a mindset that everyone is supposed to work for his or her own stuff and keep their stuff to themselves. Out of understanding who you are, you understand that the father is the one who formulate the vision, the son is the one who demonstrates the vision, while the grandson authenticates the vision. It takes the fortitude of a father to persevere through the storm of formulation. It takes the zeal of a son to pay the cost of demonstration. It takes the integrity of a grandson to handle the glory of authentication. There are a lot of individuals who don†t understand this so, therefore they operate trying to be the father, son, and grandson. This brings about the mindset of selfish thinking and single generational. Thinking selfishly and single families operate in false wisdom. For example, when most children turn 18, they are kicked out of the house and told by their parents that they are grown enough to make it on their own, but was never equipped to pay their bills and even maintain their payments. Therefore we have a generation that had already achieved their successes, forcing our children to grow up in a fast paced society that prefers self-gratification, without restraint. The family exists at the heart of every society†¦ No society has succeeded without it. But today we see a fraying of all connections that have defined our families. We are neglecting our children emotionally and educationally, marriage is increasingly unstable, we are slipping deeper and deeper into acceptance of violence, and we are absorbed into materialism and competitiveness. If we allow these trends to continue, there lie ahead, families that slip further into chaos. As you can see, we are living in a time where there is much help needed. It is time for African-Americans to wake up and take the dominion that God has given them. It is also, time out for just talking about the decay of the community but rather offer solutions to the problems of the community. Having been empowered to understand that true wealth and economics is generated through the family unit and is passed down generationally, one has the ability to empower another so that we can move forward to begin building our communities economically, emotionally, and physically. I pray that this empowerment will not inspire one but rather, transform one to make a change for the generations to come. It†s just like Bishop says, â€Å"Lack of information is ignorance but the inability to use information is stupidity. † Therefore, those who are not prepared will not survive. How to cite Generational Wealth and Economics: Analysis, Essay examples

Friday, December 6, 2019

Organizational Behavior of XYZ Staff Members

Questions: 1.Impact of Integration Model on attitudes, behavior and values of XYZ Staff Members2.Recommendation to deal with the Identified Issues in Big Energy Answers: Introduction In order to fulfill the objectives of an organization, attitudes, behavior as well as values of the employees act an important role. Hence, employer of the organization take care wellbeing of the employees for getting best possible benefit from them. However, merger between two organizations can bring fear and situations of conflicts between the employees of those organizations unless effective measure is taken by the employers. Armstrong (2012) stated that the management of an organization also needs to keep in mind that distrust and fear might not be arise that results loss in their work and feeling as cynical over the steps taken by the management (Nekoranec, 2013). Thus, managers of the organization have a crucial role to understand every matter and respect as well as treat them with proper importance. 1.Installing merger in XYZ have brought fear in the staffs members of the company by seeing chief executive as well as business member of the team of management made redundant and start integration of operation (Schwartza Boehnkeb, 2004). Job security becomes on the line as the structure of business were same type and duplicated functions such as two marketing departments and operational departments. Thus, it creates high possibility of losing the jobs of remaining staffs. The persisting staffs are left hanging with low morale. Majority of the government own energy organization and corporate process of sale. XYZ Energy has brought well established sales procedure that helps to be competitive in private sector for a record price. In addition, the action taken by the management of Big Energy were unethical as XYZ management team members need to be redundant without making any consideration of the effort as well as value putting in the procedure as well as systems of the company for integration. Utilizing the Schwartz model, conservation model explains the extent for motivating the employees to preserve status quo as well as certainty provided by it. McShane, OlekalnsTravaglione2013, p. 50) stated that there is any value congruence among the staffs and the company as it fails to recognize importance of the value in the existing process of XYZ Energy. It failed to recognize the importance of the values present in the existing procedure of XYZ energy along with systems. The work environment of Big Energy has given discourages that make values consistent in behavior, which generate negativity in the company. Attitudes are considered as cluster of beliefs and evaluated the feelings along with behavioral intentions for the persons, objects and event (McShane, OlekalnsTravaglione, 2013, p. 102). In addition, attitude is considered as organizational behavior for job satisfaction, which refers the interpretation of the persons job context. Thompson McHugh (2009) commented that the level of satisfaction directly affects absenteeism as well as turnover in the particular organization. Identifying dissatisfaction of the employees is required to use model. Being successful organization, XYZ Energy had a strong, established robust procedure and systems that can manage the business and its risks. Innovated new procedures in the areas provide important competitive benefits. The organization had loyal staffs relatively with low turnover ((Nekoranec 2013, p.96). Management of the organization had largely majority in the sales process that was announced for the staffs extremely proud of the value. The core business structure of the organization was not similar and operated in similar energy of retailing market. For an instance, it is required to be more commercial and efficient in trading as well as operational department. Chief executive along with functional members of the business is redundant to any types of integration of the operations at XYZ energy into Big Energy. Sally was retained for post sale that facilitates the parts of integrating into the operation. Big Energy needs to remove majority of the persistingstaffs as rapidly as pos sible for core competitions. The morale involved in XYZ Energy staffs to be plummeted for realizing that process. The team members are not allowed to compete based on the merits. Hence, it is required to focus on the innovative procedure as well as integration compared to the quality as well as long-term advantages (Manchanda, 2014, p. 1145). In addition, Sally felt strong beliefs that supported the development of the theory. It is important to attempt argument for senior management to revisit in the model of integration and leverage competitive benefits. However, work environment in Big Energy has discouraged value-consistent behavior, which may cause negativity to the particular organization. Perkins and Raisa (2013) asserted that level of satisfaction among the employees directly affects on turnover as well as absenteeism in the organization. Exit-Voice-Loyalty-Neglect model is useful to identify dissatisfaction among the staffs of the organization (Greenberg 2011). In the model, exit is about more number of employees selecting to leave the particular organization. Voice can be referred as Sally JohnSon trying to speak to the superior management in Big Energy related to the requirements and reanalyze the process of integration model and priorities to maintain as well as advantages completely from its competitive benefits as well as proficient staffs. Chughtai (2013) asserted tha neglect is about reducing effort in work for declining moral amongst the persisting staffs, which results failure in Big Energy to leverage innovative syst ems as well as procedures to the advantages. There are also little chances to communicate among the staffs and senior management of the organization. They rarely turn up remote office in order to involve with new staffs in the team (Wright Bonnet 2007, p. 142). Communications between different managers as well as their negative working environment is considered as feedback that helps to determine positive working environment. The managers can provide subordinates to get a chance for interacting with them and solve the issues (McShane, OlekalnsTravaglione2013, p.111). It results fail in putting enough report for integration and any difference of their obstacle for getting success in the organization with the staffs. 2.(Kondalkar, 2007, p.83) mentioned that the organizations need to work in effective ethics and values for its employees. According to the concept of ethical principles, disruptive justice is considered as equal rewards along with burdens, which are similar to each other. Having instead of effort, it leads up to the process of sale previously. The management of the organization needs to be partial to the persisting employees of the organization. It allows the staffs to compete for the jobs, which is based on the merit. It is not ethical to the organization e= for simplifying the tasks for XYZ employees (Edwards and Cable, 2009). In this context, big fish eat small fishes. In this regard, upper hand gets priority in the bigger situation. The management of Big Energy requires being partial to other staffs of XYZ in order to make proper competition the jobs based on the job for investing more previously compared to leading up to the process of sale (Aura, 2010) Engagement of the employe es is vital to develop motivated workforce in the particular organization. Exception of the individual staffs is required to distribute fairly (Kondalka, 2007). Involvement of the staffs is required to develop motivated workforce. On the other hand, big energy generally overlooks long term advantages of the employee engagement. It leads to reject morale and staffs of the organization. Jaroslav (2013) stated that motivated employees have ability to generate high quality work. Thus, management of Big Energy needs to concentrate on motivation of their staffs as well as involving in the new team rather than focusing on speed of integration. According to Creed (2011), developing engaged workforce in an organization needs proper commitments of the employees and management of the organization. Therefore, effective commitments in work explain the mindset and positivity of the organization in fulfilling the target as well as supportive work environment. It also deals with the staffs in proper manner and acknowledgement that can contribute and provide scopes for development of the staffs in the organization. In this situation, management of Big Energy may develop appropriate commitment through fairly training the employees. The process would be based on the merit of them at the time of retaining their jobs. In addition, acknowledgement of the innovative procedure as well as systems is owed to hard work of the staff members of XYZ. Thus, it is required to be supportive for Sally Johnson in terms of retaining staffs of XYZ. XYZ Energy had honest and loyal employees with low rate of turnover along with well respected team. It makes a contrast with present situation as low rate of morale and leaving job by several people. However, staffs likely to remain in the current situation while moral situation is high. Creed (2011) stated that Brad Bird focuses on the significance of job satisfaction and explains the process of transforming a dollar to three dollars by using high morale. In this situation, management of Big Energy needs to align values of the organization with its staffs. Jaroslav (2013) commented that employees were proud for value developed by them for the organization in the process of sale. On the other hand, Big Energy has failed to create any significant value in the staffs of the organization instead of emphasizing on integration speed. As a result, long term advantages are hampered in Big Energy. Thus, it is required to ensure satisfaction and commitment along with low rate of turnover. Big Energy had value shapes in attitude as well as behavior. Hence, value of the organization and individuals are similar, there will be less chance to generate conflicts as well as positive attitudes as the result of any types of decisions. It ensures satisfaction as well as commitment towards the organization. Value congruence generates better job satisfaction and intent for retaining in the particular organization. It is important in an organization to have effective communication (Morgeson et al. 2013). Hence, in order to teach as well as influence subordinates and reporting along with seeking approval needs to interact with other and require sound communication among the staffs of the organization. Edwards and Cable (2009) commented that management of the organization can understand demand of the staffs through interacting with them. Effective communication also plays a vital role to motivate employees. Kondalkar (2007, p.83) stated that proper communication between the managers with their subordinates is considered as proper feedback and influence the growth of positive environment for working. Therefore, it is recommended for the management of Big Energy to participate in the activities and encourage staffs to interact with more number of people. Goal-setting theory can be helpful to motivate and influence behavior of the staffs. In addition, communication needs to be useful while it comes to the part of motivation for employees. Effective communication is essential at the time of providing feedback. It is the part of procedure of motivating the staffs, which usually comes with the setting of target. Hence, it is recommended to the management of the organization to participate actively for empowering them to communicate between each other. The management of the organization need to play a crucial part through providing scheduled feedbacks to enhance overall performance in the workplace. Conclusion Success of XYZ Energy is not blessed with getting success of being the organization, which has powerful procedures as well as systems. However, strong procedure and system are the strengths of XYZ energy along with well-respected management and loyal employees. The management team of Big Energy unable to possess similar abilities to obtain respect from the staffs for having wrong priorities as well as lack of comprehending the demands of the staff. The changes as well as enhancements are developed and the results of the integration that is not suited with good people of the organization and put in the bad system of Big Energy. The integration between Big Energy and XYZ Energy has created tensions among the staffs and define the importance of job security required to be kept in the minds of the managers. Hence, it is recommended to Big Energy to investigate deeper into the existed issues and retain skilled employees as long as possible in order to gain competitive advantages in the market. References Armstrong, M 2012, Armstrong's Handbook of Human Resource Management Practice, 12th edn, Kogan Page. Creed, A 2011, Organisational Behaviour, Oxford University Press, South Melbourne. Greenberg, J 2011, Behavior in Organizations, 10th edn, Pearson Education, England. Kondalkar, VG 2007, Organisational Behaviour, New Age International. McShane, S, Olekalns, M Travaglione, T, 2013, Organisational behaviour : emerging knowledge, global insights, 4th edn, McGraw Hill Australia, N.S.W. Perkins, S, Raisa, A, 2013, Organizational Behaviour : People, Process, Work and Human Resource Management, Kogan Page. Thompson, P, McHugh, D 2009, Work Organizations: A Critical Approach, Palgrave Macmillan, UK. 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Manchanda, P 2014, IMPACT OF ORGANIZATIONAL JUSTICE ON EMPLOYEE COMMITMENT IN SELECT PRIVATE SECTOR BANKS', International Journal of Organizational Behaviour Management Perspectives, vol. 28, issue 6, p. 1145-1157, viewed 23 February 2016, Proquest Database. Nekoranec, J 2013, MANAGEMENT AND ORGANIZATIONAL BEHAVIOUR. SOME BASIC ASPECTS, Journal of Defense Resources Management, vol. 4, issue 1, p. 93-98, viewed 23 February 2016, Proquest Database. Shwartz, SH Boehnkeb, K 2004, Evaluating the Structure of Human Values with Confirmatory Factor Analysis, Journal of Research in Personality, vol. 38, no. 3, p. 230-255, viewed 23 February 2016, ResearchGate Database. Wright*, T Bonett, DG 2007, Job Satisfaction and Psychological Well-Being as Nonadditive Predictors of Workplace Turnover, Journal of Management, vol. 33, no. 2, pp. 949-973, viewed 23 February 2016, Sage Journal Database.