What are the key influences that have shaped the development of Human Essay

What are the key influences that have shaped the development of Human resources Management in South Korea over the last thirty years - Essay Example The success of industrial organizations in this country is extensively attributed to both management styles and work attitudes. The extraordinary growth of the Korean economy for the last 30 years has got the attraction of academics and business people from around the world. The country got a real annual growth rate of about 8 per cent in gross national product during this time. Growth in the corporate sector was prominent and in fact shaped the basis of the economic growth. However, it had many problems despite its quantitative growth (Park 2001). Bearing in mind that the success of HRM development in the South Korea was remarkably high, the only growth factor cannot give explanation all of performance of this country in human resource development. Therefore, it is not just growth but special characteristics of Korean growth that have in fact contributed to the growth of education. (Mabey 1998) The current economic recession has affected every country of the world. Over the last two years, businesses around the world have been hit by regional economic crisis. In Asian countries, currency crisis and the attendant business slump led to different approaches within the businessmen and financial experts for reducing waste and creating greater efficiencies. The South Korean economy which dodged the recession with a narrow margin has little impact on its business structure. The tight money policies enacted by the government forced Korean firms to reform in order to alter organizational competence and profits. Although there are several historical factors which boosted South Korean economy after 1950, the period of 1945-1961 has roots of HRM development and economic boom in the country. During this period people of this country took great interest in gaining education which was the result of strong social indicators and economic motivations. During the period of 1945-1961, education played a great role in changing the lives of Koreans. The

Criminology Theory Assessment Essay Example | Topics and Well Written Essays - 1000 words

Criminology Theory Assessment - Essay Example Before embarking upon the topic under analysis, it would be quite advisable to discuss the criminal activities observed by Bernard Madoff. Madoff belongs to a Jewish family of the USA, who laid the foundation of a penny stock under the title Bernard L. Madoff Investment Securities LLC in 1960 and got it registered at Wall Street as a small trading firm. The firm made huge business during the course of time, and hundreds of businessmen invested their money from its platform at stock exchange. The main reason behind its popularity was its secret attractive profit offers, as the company offered extra percentage in profit than its competitors. From the 1970s right on through to 2008, Bernie Madoff was certainly responsible for making some of his clients’ money.   However, as will become apparent later on in this discussion, that money was not made honestly. (madoffscandal.com) Consequently, he earned respectable name and fame as a young energetic Wall Street businessman within f ew years of his entry into the stock market. By the early 1980s his firm was one of the largest independent trading operations in the securities industry. (NYT, 2009) Being a very social person by nature, Madoff entered into business contracts with the big investors during his visits at clubs, restaurants and ceremonies with the promise of extra profit generated for them by his company. Initially, he tapped local money pulled in from country clubs and charity dinners, where investors sought him out to casually plead with him to manage their savings so they could start reaping the steady, solid returns their envied friends were getting. (Henriques, 2008) The investors appeared to be satisfied with the lucrative and steady profit transactions made by Madoff Securities, and did not express even slightest signs of doubts regarding fraud or misrepresentation at the company’s end. Hence, the number of investors observed significant increase at the company. However, the nature and m ethodology, adopted by the company, regarding offering profit to the investors appeared to be dubious and shocking for the competitor firms, which were already suspicious about the secret activities of the Madoff Securities. Consequently, it was discovered that Madoff had adopted the largest Ponzi scheme by exercising dishonesty with the investments made by the clients of his company. Madoff confessed of committing fraud with estimated investor losses of about $50 billion by inflicting the Ponzi scheme upon them. A Ponzi scheme is a swindle offering unusually high returns, with early investors paid off with money from later investors. (Honan & Wilchins, 2008) The court announced 150 years imprisonment sentence to Madoff for his crime. Though Madoff pleaded guilty of committing dishonesty and fraud with his investors, he also blames banks and financial institutions for their criminal negligence of performing blindness to his activities. Since these financial institutions were well aw are of all the transactions being made, they could have brought it to the limelight in order to stop Madoff from sticking to the same Ponzi scheme. Here appears the Social Control Theory: Articulated by Travis Hirschi in 1969, social control theory states that social control depends upon people anticipating the consequences of their behavior. (Macionis, 2007: 231) In other words, crime rate can witness imperative decreases in the society provided the criminals foresee the outcome of their