Major Real Estate Development Risk management and Insurance from the Research Paper - 1

Major Real Estate Development Risk management and Insurance from the developers position - Research Paper Example I will also look at the insurance factors that affect a real estate developer’s position. Various literatures offer a different understanding of the concept of real estate development with some looking at it as being similar to property development, while others looking at them differently. Basically, real estate development refers to a process that makes it possible for land use to be intensified for the purpose of coming up with housing structures for occupation. Real estate is also looked at as a concept that makes it possible for construction and necessary access of infrastructure, and at the same time allows legal subdivision of property for the purpose of vertical construction. Real estate itself is looked at as a projection that takes in the aspect of money, space and time. Through real estate, creation and management of time and space is enabled with the aim of generating specific estimated cash flows over a particular period of time. A developer refers to and individual or a corporate organization that develops land and buildings to increase their value to specified amounts over time. Developers in the real estate industry are therefore individuals or organizations who bring together land, labor and capital and plan how to manage and facilitate the market in a way that the requirements of the users are sufficiently met. In addition to this basic definition, the real estate industry is characterized by various types of developers who may be classified on the basis of their strategic capital role, geographic scope and ownership structure or the type of products they deal with (Davis 89). Real estate developers may therefore be classified in three most common categories: trader developer refers to the type of a developer who assumes the entire risk of the project until it’s completed. A trader developer then makes a complete sale of the land and property which results to the main goals as being exploitation of

Jury Deliberations Assignment Example | Topics and Well Written Essays - 250 words

Jury Deliberations - Assignment Example The Court emphasized further that the most important function of the jury is to provide "common sense judgment of a group of laymen" and shall have the opportunity to deliberate freely, without force and intimidation from outside sources as they decide on the question of a defendant’s guilt. The advantage of eliminating unanimity of 12 votes will minimize the potential for hung juries caused by bribery or juror’s irrationality and caprices, resulting in lesser number of retrials, save on court expenses and decongest the court’s dockets. In addition, there is no need for unanimous verdict since at present time, the convicted felon is no longer subjected to cruel and unusual punishment compared to olden times. On the other hand, the second proposal of changing the number of jurors from 12 to 6 in all criminal cases, though maintaining the requirement that the verdict be unanimous violates the accused's right to a trial by jury as protected by the Sixth and Fourteen th Amendments.  In the case of Burch Vs.

Whoole Foods in South Korea Research Paper Example | Topics and Well Written Essays - 1000 words

Whoole Foods in South Korea - Research Paper Example Based on the research, five dimensions universal to all cultures around the world were established. These include: Power-Distance; collectivism-individualism; femininity vs. masculinity; and uncertainty avoidance and long-term vs. short-term orientation (Yoo, Donthu and Lenartowicz 194). Collectivism vs. individualism: South Korea and the United States exhibit these two extreme cultural dimensions. While the U.S. culture is more of individualism, South Korea is more of collectivism. South Koreans are more contented with groups. This demonstrates that the country is a collectivist society unlike the U.S, which is highly individualistic. Being a collectivist society, South Korea can be referred to as a high-context culture according to the framework of Edward T. Hall (Rubio-Sanchez 14). Power distance: South Korea is a high power distance society. It is a hierarchical society in which the society is stratified into hierarchical order with everyone has his or her position in the organiz ation or the society. Subordinate staff in organizations usually relies on their bosses for instructions on what to do. Masculinity / Femininity: South Korea tends to be a feminine society in which the main focus is on working in order to survive. South Koreans value equality in the workplace and managers embrace consensus. Solutions to conflicts are usually arrived at through compromise and negotiation. In South Korea, a successful manager is one who is supportive and includes his or her subordinates in decision-making. Focus is usually on people’s welfare rather than status. Incentives like free time and flexibility are highly appreciated in feminine cultures. Uncertainty Avoidance: This cultural dimension concerns predictions about the future. Countries with high uncertainty avoidance tend to have rigid perception about other behaviors and ideas that are opposed to their own. South Korea has a high uncertainty avoidance culture. The society is characterized with low risk t aking ability. The society is characterized by emotional needs for rules and people have innate drive to work hard and keep busy. Punctuality and precision form fundamental norms of organizations. Individuals are highly motivated by some sense of job security. Long-term vs. Short-term orientation: South Korea has one of the highest scores in long-term orientation of the society. Long-term orientation is connected with the teachings of Confucius, which focuses of a virtuous society that focuses on the future rather than the short-term benefits (Yim 38). South Koreans are directed by good moral codes and virtues. Organizations in south Korea focus on constant growth of their share of the market and have higher proportion of own capital unlike companies from the United States and other short-term oriented societies, which focus on short-term gains or profit. South Koreans prefer to engage in business with people whom they have connections with. The U.S has been present in the country f or a long time and this might help in establishing the Whole food business. Cultural and language barrier is one of the things that would hinder successful establishment of the company in South Korea. In order to overcome this, it is appropriate to use managers and local employees with knowledge on both English and Korean language. Successful business negotiation will demand the knowledge about the country’s business etiquettes. Developing business contacts and bringing cards printed in both English and Korean language will ensure successful negotiation. Observing business etiquettes remain crucial for winning a deal and one must observe that South Koreans negotiate on a collective

Skills and Perspectives Needed for Working with Families from Diverse Research Paper

Skills and Perspectives Needed for Working with Families from Diverse Backgrounds - Research Paper Example The current research paper is aimed at identifying the skills needed for working with families from diverse backgrounds. Moreover, perspectives are critical in understanding intercultural problems in the modern industrial world. In the paper, perspectives helpful to comprehend family related issues have also been discussed in detail. Introduction In this paper, the main skills and perspectives needed for working with families from diverse backgrounds will be reviewed and analyzed. The principal focus of the research is on the situation in the western countries such as USA and other developed countries such as Australia where issues of intercultural relationships, migration, assimilation, etc. have drawn considerable public attention and debate at various levels of family and consumer studies. In writing this paper, academic literature including scholarly articles and practitioner’s resources have been used from reputable journals and university databases and libraries. The pap er is divided into sections dedicated to introduction, background research, problem, thesis statement, objectives, discussion, and conclusion. Background Family is the unit of society and nation that provides the most critical needs such as physical security and emotional support to its members. Family system brings coherence among individuals, begets mutual trust, legitimizes sex and synthesizes the civilization (Samovar, Porter, & McDaniel, 2009). Given the importance of family in any civilized society, immigrants have to be assimilated keeping in mind the need of fostering social coherence. Particularly in the developed countries where social constructs are highly complex and mechanistic industrialization booms, advent of immigrants is a major trend. For example, USA receives thousands of immigrants from different parts of the world every year. The institution of family becomes critical in such circumstances, where immigrants are being received either in groups, in families, or s imply as isolated individuals and/or asylum seekers (Gold & Nawyn, 2013). Furthermore, the issue of social justice for the relatively more marginalized populations also remains a significant question. For example, aboriginal population in Australia needs more social care and empathetic treatment because of their poor economic conditions. In America, the American Indians and African Americans also have similar problems. Problem In working with the families with diverse backgrounds, there are different issues in different countries. For example, in the countries such as Australia and New Zealand where immigration is still rather limited, issues of the families from aboriginal cultures must be addressed. These issues are absent in UK, yet the problem of assimilating the immigrant population in the country is very serious. And in the countries such as USA, ethnically and culturally varied families are highly common. Historically, USA has faced numerous hurdles in assimilating the variou s minority ethnic groups, immigrants, American Indians, different religious groups, etc. The practical aspects of the overall problem relate to three important issues: (1) handling the difficulties faced by children; (2) handling the difficulties faced by female family members; and (3) creating a holistic coverage of intercultural

Wealth and Inequality Essay Example | Topics and Well Written Essays - 1250 words

Wealth and Inequality - Essay Example Racial, ethnic, religious and professional rivalries and jealousies have augmented class discrimination, and haves and haves-not observe enormous gulf between them. Hence, taking apposite measures immediately for the eradication of continuously increasing socioeconomic abyss appears to be the need of the hour, which could be performed by including the suppressed and oppressed stratum of society in nation-building programs, so that the society could be protected from becoming the prey to the severe anguish, hatred and bloodshed among the citizens for the future years to come. Before the French revolution, ninety-nine percent of the French population died of hunger and starvation, while remaining one expired due to over digestion. (Mahajan, 2002: 21) Thus, the authorities should move swiftly in order to introduce and implement socioeconomic schemes for the uplift of the poor and down-trodden masses in order to avoid the revolution the world has already observed in the form of French Re volution 1789, Iranian Revolution of 1979, and several other rebellions and revolts. The Paper Wealth serves as one of the most significant social phenomena, which helps the people get involved into the odds and ends of life by purchasing the commodities of their needs and choice, as well as by selling different commodities or offering their services against the wealth in order to keep the wolf from the door on the one hand, and for leading a comfortable and respectable life in society on the other. Since every human is directly or indirectly connected with financial activities, and strives in pursuit of earning more and more money and pecuniary gains, wealth has always been of vital importance in everyday individual and collective life. All that is because of the very reality that wealth decides and determines the status and position of individuals in a social hierarchy; it is therefore people seek professional education and learn technical skills, on the basis of which they work f rom dawn to dusk in various occupations in order to make both ends meet. However, they do not obtain the same amount of wealth according to the proportion of the efforts they make. Wealth is distributed less equally than labor income, total money income or consumption expenditure. While Gina coefficients in developed countries typically range between about 0.3 and 0.4 for income, they vary from about 0.5 to 0.9 for wealth. (Davies & Shamrocks, 1998) Thus, distribution of wealth, resources and opportunities has always been unjust, unequal and unfair since the known history of the social establishment. Inequality of wealth and opportunities is not confined to developing countries only. On the contrary, the developed western states are also undergoing the same problem within their social establishment. Both income inequality and the poverty headcount have risen over the past two decades. The increase is fairly widespread, affecting two-thirds of all countries. Income inequality has ris en significantly since 2000 in Canada, Germany, Norway, the United States, Italy, and Finland, and declined in the United Kingdom, Mexico, Greece and Australia. (OECD, 2008) Taking the example of the US society, it becomes crystal clear that on the one side, the wealthiest business tycoons and entrepreneurs like Bill Gates, Sergey Brin, Larry Page, Sheldon Adelson and others are leading the affluent and luxurious life, and on the other side, one sixth of the total population is living under the UN determined poverty line. Not only this that all social classes have their valuable

Dancom in Russia Essay Example | Topics and Well Written Essays - 1000 words

Dancom in Russia - Essay Example If they had been equals, administration would not have been easy. MNCs carefully avoid behaving like overlords and expect cooperation from native workers. Western countries, who were impressively successful in imperialism, had been unable to attain same level of achievement here while dealing with cultural syndromes. The provided case study of Dancom operating from Russia is an eye-opener, a situation in crying need of cross-cultural management. Study gives importance to the Russian voices of dissent heard in a Danish company. Russian workers, especially middle managers, who are 'united against headquarters in Denmark,' do not feel loyal for their company belonging to Danes. Problem of languages, lack of frequent/meaningful communication, poor and misguided interpretation, and isolated decision making with very little trust on the integrity and cleverness of Russians are the issues nagging this company. Another complex question is of insiders and outsiders, hosting insiders and hosting outsiders. Looking from Danish angle as the company belonged to them, Russians are workers from another dense culture, that too, ex-communists. From Russian point of view, overbearing Danish company is operating from Russian soil, and this should make Russians main players. There is a major difference in planning between Danish (long term activity, hence, important) and Russians (a short immediate task, not much to be bothered about), while Russians feel that Danes should have more trust in the knowledge and experience of Russian middle managers. What brings the differences other than culture, language and working pattern and natural bias How to reduce cross-cultural conflicts It had been a major challenge to Dancom. Russians are more tuned to the 'one authority' ordering, being under Communist rule for decades and Danes, being capitalistic in their approach, are more decentralised in their handling, even though they depend mainly on themselves. Years of mutual mistrust and prejudice about the other's capability (mainly due to political propaganda fed during days of Cold War) cannot be wiped out at one go. It takes time to develop trust, respect and mutual understanding and such an effort could be made through cross-cultural management. As a solution, cross-cultural relationships should be trusted and developed. Communication and co-ordination have to be developed. It is imperative to find out how Russians perceive themselves and this might be the key to many stagnating questions. Lamenting on not having research results, Jonson and Cullen argue: "Research on trust and its role in exchange has proliferated since the 1990s. However despite the insights offered by scholars, we do not yet have a generalizable and comprehensive model of trust in exchange," Jonson and Cullen in Gannon (2002, p.335). They hope to have much more research on the dynamics of trust, culture's role in the bases and evolution of trust and on business ethics across cultures. There are issues which showcase Danish approach being different from

Otherness in Moby Dick Essay Example | Topics and Well Written Essays - 750 words

Otherness in Moby Dick - Essay Example The capacity to reveal human nature within fiction is especially true when demonstrating various ways of life, or aspects of social culture. Quality fiction, regardless of when it was written or the length of the written text, can reveal significant aspects of human nature and thus reveal us to ourselves as we identify various elements of the story with our everyday lives. Literature such as Melville's novel Moby Dick or The Whale remind us that even when we feel we belong within a society, there are often elements of otherness that keep us separate. One of the first examples of Otherness found within the book is Ishmael's enforced relationship with Queequeg. Otherness is established when Ishmael checks into a very crowded whalers' inn, the Spouter Inn, at which the only accommodation to be had is a shared bed with a harpooneer. Although he agrees to the necessity easily enough, Ishmael begins to have strong misgivings about the idea as the night draws forward and he has yet to meet the man, "the more I pondered over this harpooneer, the more I abominated the thought of sleeping with him" (18). His feelings are not eased by hearing the strange stories that are told of this man selling heads that he picked up in New Zealand. Given the opportunity to look around the room before Queequag's arrival, Ishmael is also surprised by the strange things the harpooneer has in his possession such as "a parcel of outlandish bone fish hooks on the shelf over the fire-place" (22) and a strange object draped over a chest. Queequag's appearance does nothing to help him blend in either, described as "a dark, purplish, yellow color, here and there stuck over with large blackish looking squares" (23), which gives Ishmael cause for brief alarm. This alarm is only heightened by Queequag's strange bedtime ritual with the idol. Like many individuals, Ishmael's first reaction to Otherness is not an attempt to understand as much as it is an instinct to fear and flee. In spite of his misg ivings regarding the Otherness of his mysterious roommate, though, Ishmael is willing to work through them to discover more. This becomes clear as he tries on Queequag's poncho, which Ishmael describes as a doormat with a hole or slit in the middle, "I put it on, to try it, and it weighed me down like a hamper, being uncomfortably shaggy and thick" (22). This willingness to try on the unknown persona of another is what enables Ishmael to overcome his original aversion to the man himself once he finally appears. Because of this earlier willingness to think through the strangeness, Ishmael is quickly able to overcome his initial reaction to Queequag's appearance, "what is it, thought I, after all! It's only his outside; a man can be honest in any sort of skin" (23). Although he has numerous misgivings at first, Ishmael is able to recognize that Queequag's manner is gentle and kind. "For all his tatooings he was on the whole a clean, comely-looking cannibal" (26). Not only that, but Is hmael realizes Queequag is as much human as Ishmael himself and thus susceptible to all the same fears and misgivings Ishmael himself has been experiencing. Although he has come to accept Queequag's humanity by the next morning, when he wakes to find the savage's arm draped around him as