The Oil Reserve Oil Reserves Essay - 1813 Words

Proven oil reserve is the portion of oil in a region that can be technically and economically recoverable under certain political conditions. It is possible for a resource of billions of barrels to result in zero proved reserves, which was the case of Venezuela with the heavy oil in the Orinoco Belt that was expensive to extract and refine. With over 298 billion barrels of proven reserves, Venezuela is recognized as the country with the highest oil reserves in the world. There have been discovered huge sand deposits, similar to those in Canada, but they are less viscous than Canada’s, so those oil sands in Venezuela can be extracted by using conventional methods, which has an advantage over Canada’s due to its requirements for extraction and lower costs. OPEC Member Venezuela is the fifth larger member of the Organization of the Petroleum Exporting Countries (OPEC) by oil production. In early 2016, OPEC countries were increasing their oil output, and Venezuela was producing only 2.15 million barrels of crude oil per day, which was their weakest pace since 2012. Venezuela’s financial situation has caused a shrink on oil production, and a severe food shortage. Among OPEC member nations, Saudi Arabia completely overpowers every other country for about 30%, which means that its oil industry is more efficient and cost effective than Venezuela, even though its proven oil reserves are less than Venezuela’s. Extraction Process †¢ Economical and technological efficiency The LatinShow MoreRelatedVenezuela s Oil Reserves1043 Words   |  5 Pagescountries like Brazil, Guyana and Colombia.Venezuela’s oil reserves amounts to 95% of the country s exports revenue. In terms of GDP, 25% of revenue stems from the oil and gas sector. As of today, Venezuela holds oil reserves of 298 bbl which is the largest of any country in the world as we know it. Venezuela was able to storm ahead of countries like Saudi Arabia, Iran ,Canada and Iraq in terms of oil reserves due to the discoveries of huge residue of oil sands deposit. Also, Venezuela’s Orinoco tar sandsRead MoreThe Depletion of Kuwaiti Oil Reserves2116 Words   |  8 PagesDepletion of Kuwaiti Oil Reserves Background Kuwait is one of the 12 members of the OPEC countries, the Organization of Petroleum Exporting Countries. According to the organization, these members produce about 81 percent of the total oil produced in the world. In the recent past, there have been rumors about the country not producing as much oil as it is proving that it does (Cobb, 2012). It cannot be said with certainty whether or not the oil reserves of Kuwait are depleting, however, this subjectRead MoreMW corp Essay1432 Words   |  6 Pagesregarding the possible acquisition of MW Petroleum from Amoco to Apache. MW Petroleum Corporation is a wholly owned subsidiary of Amoco Corporation which has its own reserves, management team and with full ownership in geologic and engineering data. MW Petroleum, a free-standing exploration company that was even as large as some of independent oil companies. It operated exploration and development for well, approximately working interests in 9,500 wells in 300 production areas. The grow th of MW was veryRead MoreMw Petroleum-Case Solution 2 Essay1615 Words   |  7 Pagesregarding the possible acquisition of MW Petroleum from Amoco to Apache. MW Petroleum Corporation is a wholly owned subsidiary of Amoco Corporation which has its own reserves, management team and with full ownership in geologic and engineering data. MW Petroleum, a free-standing exploration company that was even as large as some of independent oil companies. It operated exploration and development for well, approximately working interests in 9,500 wells in 300 production areas. The growth of MW was veryRead MoreMineral Materials Present in Kazakhstan848 Words   |  3 Pagescommercial activities of the Turkish companies, in Kazakhstan in recent years, rapid production of goods and services have begun to turn. The United States and the United Kingdom, countries such as Kazakhstan , the investment of these countries, in terms of oil and gas industry, power and mining sectors, such as Construction s ector are concentrated in the Turkish companies operating in Kazakhstan to date carried out by contracting services is estimated to be over 2 billion US Dollars. The agricultural sectorRead MoreEssay on How Oil Prices are Established1367 Words   |  6 PagesHow Oil Prices are Established Did you realize that at our current consumption of crude oil and at our current status of known reserves, we have approximately 40 years of reserves remaining? This is a startling fact when we take into account all the products that are produced from refined crude oil or from its by-products. Many people are aware of the price increases they feel at the gas pump, but has anyone ever considered the cost or investment put forth in finding new reserves? Under the rightRead MoreOil, The Natural Resources Of The World Essay1552 Words   |  7 PagesToday, in the year 2016, when you hear the term oil what do you think? Vegetable Oil? Olive Oil? Car Oil? Well these are all just types of oil. Oil is a thick, black liquid that comes from the ground and is used in making various products according to the Merriam Webster. This is the simplest definition of oil; most people already knew this. But, what people really don’t know is where this resource actually came from and how it was foun d to be begin with. When these questions are asked people willRead MoreBenefits and Drawbacks of Countries Dependent on Oil and Gas Essay851 Words   |  4 Pagesnatural resources like oil and gas are unevenly distributed across the world (Stutz, 2007). This essay will explain where the majority of oil and gas is located. Thereafter, the focus will be on the benefits and drawbacks of countries that are dependent on oil/gas. Finally, a conclusion will be given which sums up the most important factors. Allocation Oil/Gas The majority of the oil reserves are located in the Middle East. An estimate of 65% of the total worldwide reserves is situated in this regionRead MoreIndividual Global Crises Are the Result of a Failing Global System747 Words   |  3 Pagesreached peak oil, and states that even BP’s data shows we reached a peak in 2004 followed by a few years of plateau and we are now in the beginning of a descent. Shafiee and Topal (2009) created a model for estimating the depletion of fossil fuels. With their model they have calculated that oil, coal, and gas reserves will be exhausted in approximately 35, 107 and 37 years, respectively. We are already beginning to suffer the economic consequences of the world’s declining fossil fuel reserves, with aRead MoreThe Crisis Of The Global Oil Crisis1638 Words   |  7 PagesThe global oil prices have fallen sharply since the second half of 2014, which has led to a series of economic problems. Oil prices have been stable from 2010 until mid-2014, remaining at around $110 a barrel (BBC News). However, prices showed a sharp decline since June 2014 and have been more than halved now (BBC News). Brent Crude oil is priced below $50 a barrel and US crude is dipped down to below $48 a barrel now (BBC News). Oil prices shock is making the whole oil industry straggling. In particular

Motivation Of Employees At The Workplace - 2053 Words

Motivation of Employees at the Workplace Anna Mbamalu University of Texas at Arlington Biology 3320 December 7th, 2014 Motivation of Employees at the Workplace Introduction The term â€Å"motivation† is derived from a theoretical construct. Many times, psychologists have used this term to refer to something responsible for our action. The concept of motivation can be classified into categories: intrinsic and extrinsic. Extrinsic motivation is the one related to external factors that influence an individual’s drive towards action. On the other hand, intrinsic motivation is an impulse which comes deep from within a person and greatly influences their course of action. The applicability of both types of motivation at the workplace varies, depending on the organizational structures and policies (Tremblay, Blanchard, Taylor, Pelletier, Villeneuve, 2009). Robbins and Judge (2007) add that at the workplace, motivation, especially extrinsic motivation, is regarded as a skill that is acquired through learning. It is inherent in an individual and does not get influenced by the environment. This paper will analyze the application and theories of mot ivation at the workplace. Motivation Principles at the Workplace The main goal of motivation in the context of workplace is to ensure that workers are geared towards the realization of organizational objectives. The major role of a manager is to ensure that employees are psyched to achieve the aforementioned goals. Given the complexityShow MoreRelatedTheories Of Motivation On The Workplace And How Employees Can Produce The Best Work Possible As Well As Biblical1827 Words   |  8 Pagesbecome well organized if the employees had a devoted interest in the future of the company. This paper will examine different theories of motivations, how they are relevant to the workplace and how employees can produce the best work possible as well as biblical principles. Ephesians 4:29 say, â€Å"Let no corrupt communication proceed out of your mouth, but that which is good to the used of edifying, that it may minister grace unto hearers† (KJV). Motivation 3 Just like any other wordRead MoreWhy Is Motivation So Imperative? Essay1314 Words   |  6 Pagestriggers that motivate employees are completely different for everyone. Many people are motivated by fame, money, cars, clothing, etc. Regardless of what may motivate people, motivation must be balanced throughout the workplace (Forbes). Keeping employees motivated is a crucial element in order to retain the best employees in the company. Why is motivation so imperative in the workplace? There are numerous reasons why companies should have a motivated workforce. Motivated employees will not only workRead MoreThe Relationship Between Motivation And Performance Of Workers Essay1320 Words   |  6 Pages Abstract Motivation derived from Latin word† Movere†, it is the drive which motivates to perform better. There is a link between motivation and performance. It is already resulted from previous studies that the motivated employees give more positive outcomes. To further investigate the relation among motivation and performance of workers. The research statement is designed to evaluate the relationship between motivation and employee’s performance. To evaluate the relationship, the quantitative researchRead MoreThe Key to Success is Motivating Employees1003 Words   |  4 PagesExecutive Summary Motivation is one of the most important keys to success. According to various statistics and research motivated employees are more productive and beneficial in the workplace. Employers should be concerned about staff motivation and positive atmosphere. The main advantages of motivation in the workplace are improvement in job performance, increase of productivity, decrease in costs and employee turnover, when staff can produce more than employers expect, when staff does their workRead MoreThe Impact Of Motivation On The Workplace861 Words   |  4 PagesOnce I would like to start off explaining what motivation in the workplace. Motivation is an employee s intrinsic enthusiasm about and drive to accomplish activities related to work. Motivation is that internal drive that causes an individual to decide to take action. The five job related factors that can hinder motivation in the workplace are (1) Inadequate Job Skills, (2) Opportunity for Advancement, (3) Overwork, (4) Respect from C o-worker, and (5) Job security. Inadequate Job Skills- In theRead MoreHow Motivate And Retain Your Fellow Employee1392 Words   |  6 Pagesopinions and constructive criticism in our workplaces. The people who undergo various situations is the employees, it can be from being treated unlikely oppose to others, or congratulating an employee on the successful progress at work. In this research paper we will express the many different ways on how to motivate and retain your fellow employee’s. Motivation play’s an important part towards an employee, if they are approached with appreciation at their workplace this will encourage the worker’s desireRead MoreThe Effect Of Motivation On The Workplace759 Words   |  4 PagesThe topic in the workplace that I have chosen to discuss is that of motivation in the workplace. Problems of motivation can cause performance issues, which cost businesses thousands of dollars each year (Nordmeyer). Low motivation delays employees from completing their work and cau ses many mistakes made within the workplace (Nordmeyer). The definition of motivation is the processes that account for an individual’s intensity, direction, as well as persistence of effort, towards attaining a goal (RobbinsRead MoreHow Organizations Can Use Various Motivational Theories For Inspiring Their Employees854 Words   |  4 PagesOrganizations can use various motivational theories for inspiring their employees. According to the Hertzberg s theory, employers should start by concentrating on sanitization features such as wage and employment security, before concentrating on influential issues such as exciting work and fully grateful that the work completed. In contrast, Adams equity theory states that management must focus on subjects that may be thought to be imbalances, such as wage and full appreciation of work completedRead MoreManagers And Employees Motivation And Its Importance1312 Words   |  6 PagesManagers’ and Employees’ Motivation and Its Importance Joechelle Gemino Indian River State College Abstract Is it very important that managers understand their employees’ motivation. There are different components that need to be bonded together in order to motivate employees. Workplace environment and communication influence managers’ and employees’ motivation. More motivation means more productivity. The relationship between managers’ motivation and their employees is analyzed in this paper. Read More Motivation and Conflict Management Essay1023 Words   |  5 PagesMotivation and Conflict Management Organizations strive for creative ways to enhance employee motivation and resolve conflicts with the desire to have employees perform better within the workplace. To motivate one has to be motivated. Motivation within the workplace has to be constant and requiring a goal. Motivation, if not repeated will not last. Therefore, learning to determine how different organizations apply motivation theories to motivate employees, analyzing conflict management strategies

How to Use References in Your Essays Free Essays

This is a quick guide to the different systems of referencing you might be asked to use. Normally you will have to use only one system during your academic course, but it’s useful to be familiar with other styles. This guide does not cover all the possible referencing systems, nor the variations of each, so seek further clarification from your department or the many useful online sources available. We will write a custom essay sample on How to Use References in Your Essays or any similar topic only for you Order Now Citations and References Be aware of the difference between citations and references. Citations are placed in the body of your essay, and indicate to the reader where the idea you are stating has come from. They are typically a shorter form. The full reference is given in the reference list which comes at the end of the essay. Different systems of referencing use different conventions for both citations and reference lists. Some systems also stipulate that you should include a bibliography, a list of texts which you used to gain a broad understanding of the subject but which you do not refer to directly in your essay. Some of the most common referencing styles are Harvard, APA, MLA and Chicago. Other styles include IEEE (used in computer science and electronics), Vancouver (sciences and mathematics) and OSCOLA (law). There are a number of computer packages to help you with references. The following links to a table which compares the different ones and lists their pros and cons: http://ox.libguides.com/content.php?pid=294548sid=2418329 Harvard The Harvard referencing style is widely used across a number of subjects There are several different versions of this style, so do check which is used in your department The style is based on name and date for citations, with number also sometimes used. This links to a guide giving one version of Harvard referencing in detail: http://libweb.anglia.ac.uk/referencing/harvard.htm There are some online free reference-generating tools available, for example: http://www.neilstoolbox.com/bibliography-creator/ APA The referencing style of the American Psychological Association is known as APA. It is commonly used in psychology and the social sciences. Like Harvard, there are different versions of APA style. Features include the use of indentations in reference list, ampersands (‘’) instead of ‘and’, and ways of treating multiple authored texts. This links to a guide to APA: http://www.apastyle.org/ MLA MLA is the referencing style of the Modern Languages Association. It is used in philosophy and English. The rationale behind citations in the MLA system is to provide sufficient information for the reader to identify the source, with full details given in the reference list. It also rules that information given in brackets should not repeat information given in the text In MLA the name and page number make up the citation, rather than the date. Names also include initials in citations. Like all referencing systems, MLA dictates a particular way of dealing with online and electronic sources. This is a guide to the MLA style: http://www.library.cornell.edu/resrch/citmanage/mla Chicago The Chicago style is used in English and History. In Chicago use is made of footnotes, and readers are given full bibliographic details of each source used, as it is cited on each page. Other footnotes referring to the same source give the information in a shorter form. A bibliography lists all works mentioned in the text While footnotes appear in the order in which authors are mentioned in the text, the bibliography is alphabetical This is a guide to Chicago style: http://libweb.lancs.ac.uk/g79chicago.htm Bibliography Imperial College (2013) ‘Reference Management’, [online] (cited 13th February 2013) available from http://www3.imperial.ac.uk/library/subjectsandsupport/referencemanagement University of Bristol (2013) ‘A guide to referencing academic work’ [online] (cited 14th February 2013) available from http://www.bristol.ac.uk/arts/exercises/referencing/referencing%20skills/page_01.htm University of Cardiff (2013) ‘Citing and Referencing in the Harvard Style’, [online] (cited 13th February 2013) available from http://www.cardiff.ac.uk/insrv/resources/guides/inf057.pdf University of Cardiff (2013) ‘Referencing in the MHRA Style’, [online] (cited 13th February 2013) available from http://www.cardiff.ac.uk/insrv/resources/guides/but028.pdf University of Southampton (2013) ‘Acknowledging Knowledge: an Academic Guide to Referencing’, [online] (cited 13th February 2013) available from http://www.learnwithus.southampton.ac.uk/academicSkills/pdfs/acknowledging_knowledge.pdf How to cite How to Use References in Your Essays, Essay examples

Managerial Skills and Concepts Globalization

Question: Discuss about the Managerial Skills and Concepts for Globalization. Answer: Introduction Reflection is the self-evaluation process of thinking the things you did in the past their benefits, consequences and the reasons you undertook the decisions and how you are going to do them better. Reflections may use meditation to focus on events and how to do them better. People always think mediation is same as reflection, but they are different (Boud, Keogh, Walker, 2013). However, they have same goals of checking how things were done and ways to improve them in future either in an organization or one's life. People are always fast to act, and sometimes they may do things which do not please others, but they are wrong. The main of reflections is to be able to do or become a better person by making a decision which has been deliberately though on what you wish to achieve (Harris, 2008, pp. 379-390). The business world is full of many choices, and therefore it is important for managers and all the stakeholders to continuous reflect on their past actions and what they intend to do better in the future. The aim of the business is to make profits, but sometimes it may engage in unlawful ways trying to have a competitive edge in the market (Casadesus-Masanell, Ricart, 2010, pp. 195-215). Competition is rampant as the number of entrepreneurs' keeps on increasing as business is a lucrative venture for many people. Huge profit margin ensures that the company survives in the challenging environment. Globalization, however, has made companies look for new ways of doing business by engaging in international trade to look for more markets. It is through reflection that companies have been able to see the problem in marketing and start engaging in foreign markets. This paper will look at managerial skills and concepts aiming at using reflection to achieve this well for the continuity of the businesses (Porter, 2008). Management Team The administration of the organization is composed of the owners and the managers who oversee the execution of the owners' ideas. The stakeholders are the people who came with the concept of the opening of the business and starting capital. They then employ managers with skills to run the businesses on their behalf (Alshareef, M. N. Z., Sandhu, K., 2015, pp.1). They have to be given a report by the directors about the progress of the firm. Reflection is essential for the stakeholders as part of the management for they see whether their objectives are met and the results achieved. The owners then have a mandate to control the business activities to ensure its success in the future. They should be determined and focused in ensuring targets are met. The managers they choose must be experienced and with a track record of excellent leadership qualities to lead the business in the right direction (Robbins, S. P., DeCenzo, D. A., Coulter, M. K., 2008).The many changes have been caused by technological changes which have been as a result of people looking for new ways to avoid competition. Creativity and innovation are key elements in any good manager that business owners seek to oversee their activities (Bandyopadhyay, D., Sen, J. (2011, pp. 49-69). However, to make better decisions businesses must reflect on where they were and how they have tr ansformed in their desire to achieve their goals and objective. Managers who are the people overseeing the activities of businesses have an obligation to manage the organization well to meet its targets. A reflection is a tool necessary for all parties in the group as they strive to ensure that the goals and objectives are met entirely. Managers have the responsibility to take time and see the progress of the business and see whether it conforms to the long-term objectives. The reflection helps them to see the areas that need change and the decisions that need to be implemented for the success of the business. After the reflection, the managers can have new ideas, and this can be creativity and innovation the firm can use to propel it to great heights. However, they need to evaluate the ideas through the consultation with the owners of the business to see their acceptability. These are important as they are not allowed to make any decisions alone but after discussion with the owners. Managers should be risk takers, but the steps or decisions they make for the businesses must be well examined to ensure that no losses are encountered. Intensive research must be done to ensure that decisions made are well supported to be the best. Therefore, managers are supposed to be visionary and make decisions after correctly refle cting on the past events to make better future decisions which have the highest probability of making the business succeed (Fayol, 2016). The Workforce The employees of the organization help the business in achieving its targets. The management expects them to be innovative in their works thus ensure the organization is unique in the activities it undertakes. Employees must reflect on their work and see the mistakes they made and new ways to improve their ways of executing duties. Reflection is essential for an employee to think about the performance of the organization and see the goals and objectives which are the guidelines for their duties. Employee appraisal means more incentives or advantages thus all workers must critically think about their performance to ensure future improvements (Singh, 2000, p. 15-34). Recommendation Reflection is not only necessary for the management team but all business stakeholders to aid in providing high returns are achieved. It is a continuous process for better improvement of the parties involved. The success of the firm is guaranteed by the decisions it makes and therefore, during this process reflection necessary for better solutions to a problem to be identified. Businesses have to be aware of their past achievements and strive to be the best in the market. Reflection is the problem solver of the entire market crisis. It initiates the thinking process of the people and gives them a greater picture on how to view things in the environment. The people are therefore able to see the strengths, weaknesses, opportunities and threats that prevail in the environment. Managers govern the employees, and there is a great need for them to take time and reflect on the performance of the business in the past like the failures and success. These would make them be in a better positio n to design new methods or ways of doing business. Managers must have leadership qualities of governance to ensure that they continuously remind the employees when they go astray (Srivastava, Mock, 2013). Conclusion However, mistakes are common for every successful business as they remember the business of the bad choices they made hence correct according and not repeat it in future. Managers must not be hard to the employees when they make mistakes but find out the causes. Employees may lack the ability to do work due to changes in technology hence fail to achieve the required results. These should be identified using reflection by the managers, and the necessary step was taken whether to sack them or train them to get knowledge and skills. Managers carry out a lot of activities daily which are tiresome and confusing making them quickly forgets the mistakes they did. It is, therefore, necessary to take time and reflects thus they will remain I line with what is expected of them by the owners. During reflection, one needs, to be honest with oneself and be broad in the thinking to ensure clearly seeing the big picture in a situation. However, thinking to need peace of mind and no disturbances suc h as noise as one need to remembers the past and see what is best for the future. Reflection should be part of human thinking to connect the past and future in making an ideal decision which is necessary and accepted by all the people (Knight, G. A., Kim, D. 2009, pp. 255-273). References Alshareef, M. N. Z., Sandhu, K. (2015). Integrating Corporate Social Responsibility (CSR) into Corporate Governance Structure: The Effect of Board Diversity and Roles-A Case Study of Saudi Arabia. International Journal of Business and Management, 10(7), 1. Bandyopadhyay, D., Sen, J. (2011). Internet of things: Applications and challenges in technology and standardization. Wireless Personal Communications, 58(1), 49-69. Boud, D., Keogh, R., Walker, D. (2013). Reflection: Turning experience into learning. Routledge. Casadesus-Masanell, R., Ricart, J. E. (2010). From strategy to business models and onto tactics. Long range planning, 43(2), 195-215. Fayol, H. (2016). General and industrial management. Ravenio Books. Harris, H. (2008). Promoting ethical reflection in the teaching of business ethics. Business ethics: A European review, 17(4), 379-390. Knight, G. A., Kim, D. (2009). International business competence and the contemporary firm. Journal of International Business Studies, 40(2), 255-273. Porter, M. E. (2008). On competition. Harvard Business Press. Singh, J. (2000). Performance productivity and quality of frontline employees in service organizations. Journal of marketing, 64(2), 15-34. Srivastava, R. P., Mock, T. J. (Eds.). (2013). Belief functions in business decisions (Vol. 88). Physica.