Business Essay Example | Topics and Well Written Essays - 750 words - 11

Business - Essay Example Abu Dhabi is keeping a silence ever since the report of the crisis has started. Some people think that Abu Dhabi may come for the rescue of Dubai while others have different opinions. Dubai might be escaped from the current crisis; but the damages caused by the current crisis have spoiled the image of Dubai and more time needed Dubai to regain the lost confidence of investors in Dubai ventures. The article concluded that it is difficult for Dubai to regain its lost face even if they were able to come out of the crisis. The article also concludes that Abu Dhabi has a major role in solving the Dubai crisis. The article beautifully explained the pros and cons of the current Dubai crisis. The article has ridiculed the existing Dubai governmental functioning. Moreover, it is indirectly blaming the foolish lending habits of some of the foreign financial institutions from Britain and Europe. The article was not sure about the Abu Dhabi’s tactics in the current Dubai crisis, even though it identifies Abu Dhabi as the probable savior of Dubai. FOR years, Dubai strove to capture the imagination of the financial world, projecting its young financial centre as a â€Å"global gateway† for capital. Last week it succeeded in grabbing attention. Its announcement that it would delay repayment of the debts of Dubai World, a vast government-owned conglomerate, swept through global markets like one of the blinding sandstorms that occasionally afflict the emirate, obscuring the gleam of its skyscrapers. Like those storms, Dubai’s announcement was so damaging because it reduced visibility. Investors had assumed that the Dubai government was willing to rescue the indebted conglomerates it sponsors, and that Abu Dhabi, its well-heeled neighbouring emirate, was willing, in turn, to rescue Dubai. In particular, they had looked forward to the full and timely repayment of a $3.5 billion Islamic bond issued by Nakheel, a Dubai World subsidiary, on December

How autonomous are we Essay Example | Topics and Well Written Essays - 1000 words

How autonomous are we - Essay Example On the other hand, ‘Stanford Prison Experiment’ was carried out by Philip Zimbardo during 1971 in Stanford University in order to evaluate the intrinsic personality traits of people due to offensive behavior of higher authority (Zimbardo, â€Å"Terminated on August 20, 1971†). Outcome of these experiments together conform to certain facts which inhibit the very core of political and economic systems of the United States. Thesis Statement With due consideration to the experiments of Milgram and Zimbardo, the essay focuses on how these researches impact on the broader procedure of autonomy. The objective of the essay is to develop a discussion about implication of Milgram and Zimbardo’s work on becoming a moral employee. Implication of Milgram’s and Zimbardo’s Work on Employee Morale Discussion on Milgram’s Work At first, in can be stated that autonomy denotes freedom or independence. It is the capability to make a rational, informed and unforced decision. In political system of the United States, autonomy is frequently used as the foundation for defining the ethical duty for one’s activities. ... On the other hand, obedience happens when a person changes the conduct due to direct command from superior. Through the experiment, Milgram has found high degree of obedience among people (Intercollegiate Studies Institute, â€Å"Milgram's Experimental View of Authority†). Throughout the research, he has depicted that every society where people live has their own accepted manners of performing which are termed as norms. Norms are approved principles of behavior of people in a society. These principles can restrict the behavior of every group of people such as students, patients, employees and business executives among others. In other words, every person must obey the social norms of the group or society where they belong. At times, people adapt to certain behavior of other persons regardless of being individually incompatible with their behavior. In any organization, authority plays a vital role in determining the level of conformity of employees. When employees feel that the y belong to certain organization, they will accept the organizational norms in order to secure their job position. On the other hand, employees at times conform to authority due to lack of confidence and courage. The level of obedience also relies on the cultural aspects. For instance, in collectivist cultures such as China, group achievement is provided more importance than individual employee achievement, conversely in individualistic cultures such as the United States individual employee performance is provided more importance than group performance. As such, it is apparent that activities of any employee in any organization are subjected to the pressure whether it is cultural pressure, group pressure or pressure from authority. Discussion on Zimbardo’s Work The outcome of