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This book argues that human factor development is the key to
organizational success. The author describes the human factor as
the diverse personality characteristics that allow employees within
the social institutions to function and remain operational over
time. A lack of appreciation for the significance of personality
traits in performance has resulted in organizational inefficiency,
but Adjibolosoo proposes a framework that analyzes spiritual
capital, moral capital, human capital, aesthetic capital, human
ability and human potential and addresses any human factor
deficiencies. Further, case studies show that employee
effectiveness and profitability of organizations can be attained
through effective human factor engineering programs. The contents
of this book will serve as powerful eye-openers to scholars in HRM
as well as leaders and managers looking to achieve and sustain
higher levels of productivity, growth, and profitability at work.
The establishment of good governance is a major challenge for the
developing world, along with the need to sustain the progress
resulting from developmental efforts. Although there are numerous
studies on the development and governance of emerging nations, few
volumes make a serious effort to bring together these two critical
concepts. International Development Governance combines the two
concepts - development and governance - by examining the issues and
problems faced by nations in their attempts to establish
sustainable governance. This textbook also initiates discussions on
the concept of development governance in an international context.
The book fills the gap in existing literature by drawing upon the
experience and expertise of scholars from a broad spectrum of
knowledge. Their views explain the issues and problems with
reference to a number of tools that could establish "development
governance" and sustain it. The text offers in-depth examinations
of developmental sectors, resulting in a textbook that will inspire
future public officials, policy makers, and consultants to
contribute to the betterment of life for citizens of developing
countries.
This book argues that human factor development is the key to
organizational success. The author describes the human factor as
the diverse personality characteristics that allow employees within
the social institutions to function and remain operational over
time. A lack of appreciation for the significance of personality
traits in performance has resulted in organizational inefficiency,
but Adjibolosoo proposes a framework that analyzes spiritual
capital, moral capital, human capital, aesthetic capital, human
ability and human potential and addresses any human factor
deficiencies. Further, case studies show that employee
effectiveness and profitability of organizations can be attained
through effective human factor engineering programs. The contents
of this book will serve as powerful eye-openers to scholars in HRM
as well as leaders and managers looking to achieve and sustain
higher levels of productivity, growth, and profitability at work.
With the end of World War I and the prosperity that followed, the
securities industry saw a large increase in the number of investors
participating in the stock market. During the 1920s, approximately
20 million people became shareholders, expecting the amassing of
more wealth with little or no consideration of the risk of
potential loss. But of the $50 billion in securities that was
amassed during this time, approximately half disappeared during the
stock market crash of 1929 (www.sec.gov/about retrieved 2/23/2010).
As a result of the crash and the significant loss of confidence
investors now had in the stock market, Congress decided it was time
to play a role. With the Securities Act of 1933 and the Securities
and Exchange Act of 1934, initial legislation was activated and the
Securities and Exchange Commission (SEC) was born. With the
securities-related law, Congress stepped into the industry and
since then has never taken a step back. This book begins with a
review of the history of legislation enacted to control the
brokerage business in the United States. The historical perspective
establishes a trend of legislators creating laws, establishing
bureaucracies and multiple layers of oversight that have been
largely useless and definitely costly. There are significant costs
tied to the maintenance of a system that simply accepts and works
with the understanding that the players in the industry pursue
corrupted, greedy, and unethical practices. Rather than making the
effort to correct the problems that face the system by improving
the attitudinal and behavioral practices of industry players,
government officials currently provide ineffective regulatory
remedies to correct the system. Congress has created a number of
laws with such burdensome requirements that some brokerage firms
have simply had to shut their doors in the face of escalating costs
to comply with the demands of the regulators. For smaller
broker/dealers, business can nearly cease during an audit,
resulting in a loss of productivity. In addition to costs
associated with compliance, firms are burdened with ever-increasing
expenses related to Errors and Omissions coverage and legal costs
as more consumers are encouraged to file complaints. The media and
the government have unfairly made Wall Street the scapegoat for all
that has impacted our economy. While there is certainly some
responsibility here, this industry is already heavily regulated,
and additional regulations will not solve any problems.
Particularly in the last few years, companies that had previously
been considered stalwart in corporate society have been exposed,
and unethical practices have led to their downfall. This is in
spite of several existing laws and systems designed expressly to
ensure that business is run fairly and ethically. Regardless of the
efforts that federal and state governments have made, the problems
of unethical practices in the industry remain and costs continue to
increase. In light of these realities, the primary thesis of this
book is that when we spend the money intended for oversight and
regulatory compliance on human factor-based education at all levels
of academic training and leadership development, we will minimize
acts of fraudulent business practices and subsequently increase
company profitability in the industry. Secondly, profitability
increases in direct proportion to any improvement made to the
quality of the human factor.
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