Research-based paper on the Problem Solving Process (PSP) for a Term

Research-based on the Problem Solving Process (PSP) for a selected organization - Term Paper Example workers’ strikes and go slows, a high rate of workers’ turnover, lateness and absenteeism among workers, as well as, general theft and misbehavior of workers while at the premises of the organization (Avery, Auvine, Streibel, & Weiss, 1981). This research wants to focus on the best steps that the management can take in resolving a problem within the organization as fast as possible. The longer a problem runs within a company, the more risky and the less profitable the organization becomes due to increases inefficiencies, low productivity, as well as, low morale of workers, which might be the main cause of their underperformance. The research will evaluate the five main steps involved in the problem solving process, as well as, analyze its significance in the management and resolution of conflicts within an organization. This paper will enable an organization to define a certain criteria or standard of conflict resolution within the organization, and as such, empower the leadership of the company to take the forefront in effectively directing others in the research and resolution of issues. An organization in the modern world economy cannot go without a problem or a conflict that may threaten its performance or image in the market. As such, it is imperative for the organization to have an appropriate plan that will enable it maneuver through such a crisis without suffering any significant overhead complications. For example, the Airtel Corporation, a global telecommunications company with its base in India, once had workers strife. This became a global phenomenon whereby nearly 80% of the company’s dedicated workers at the home country went on an industrial action. The workers’ industrial action was to demand for a pay rise, as well as, demand for other benefits and allowances. Furthermore, these employees were not patient enough to let the organization resolve the issues and as such meet their grievances as some of them quit the organization for other

What went wrong in measuring and managing risk associated with Research Paper

What went wrong in measuring and managing risk associated with financial institutions - Research Paper Example est rate risks, credit risks, foreign exchange risks, and liquidity risks that affected the functions of investment bankers, securities – stocks, bonds, derivatives -- mutual funds and insurance rate. A research into the measuring and managing techniques has been made to understand what went wrong and where. Taking the example of HSBC Holdings plc – a global financial institution providing all financial services under its umbrella, it has been attempted to explain how things went wrong. Financial institutions cater to the needs of different types of customers by providing relevant financial services. Financial institutions worldwide have been affected by the adverse market environment created by the US sub prime fiasco. Trouble began when the financial companies started relying too much on the innovation in the blind faith that it will yield returns. In the current context of sub prime melt down, initially the balloon of leveraging the assets’ market went on getting bigger and bigger, creating unrealistic and illusionary hype in market, which in the end shrank the balloon to cause global crisis of liquidity in financial institutions. Selling of financial products and services is a risky business, fraught with internal and external risks associated. Measuring and managing financial risks is crucial to the success of a financial company. There are different types of financial institutions operating at national as well as global scale. Before delving deep into the list of errors committed by financial institutions, it is significant to define the scope of financial institutions like banks, insurance, mutual funds, securities firms, investment banks, and finance companies. A financial institution collects funds from private as well as public investors to use them in financial assets. Financial institutions play the role of mediators in share markets and debt security markets. Financial activities may include bonds, debentures, stocks, loans, risk