Essay on Gold Mining Industry Analysis - 919 Words

Gold Mining Industry Analysis By: Robert 6/6/2010 The Gold Mining Industry has experienced a huge amount of growth since the beginning of the financial crisis. With the price of gold being at $639 in January 2007 before the beginning of the financial crisis and now in June 2010 the price of gold reaching $1220, there is no denying the interest of gold between investors and governments. Investors are seeking ways to protect themselves from inflation and any other type of financial crisis that may be on the horizon. With the uncertainty that the world financial markets are facing over the next three years and the relation that gold has with the worlds currency, the U.S. dollar, it can be safely assumed that the price of gold will†¦show more content†¦There are many competitors in the industry of gold mining, Newmont Mining Corporation happens to be one of the leaders in the field. In 2007, Newmont became the first gold company selected to be part of the Dow Jones Sustainability World Index. This exemplifies the management structure and their ability to demonstrate transformational leadership in a volatile industry. In the midst of the financial crisis Newmont was able to record several company records in 2009: ï‚ · Record revenues of $7.7 billion, up 26% from 2008; ï‚ · Equity gold sales of 5.3 million ounces and equity copper sales of 226 million pounds; ï‚ · Equity gold sales and costs applicable to sales in line with original 2009 outlook; ï‚ · Record net cash from continuing operations of $2.9 billion, up 109% from 2008; ï‚ · Gold operating margin increased 28% from 2008 on a gold price increase of 12%; ï‚ · $22.3 billion in total assets; ï‚ · Acquired the remaining 33.3% interest in Boddington; ï‚ · Raised $1.7 billion of equity and convertible debt to fund the Boddington acquisition; ï‚ · Commercial production was achieved at Boddington Gold, which will be Australias largest gold mine at full production; ï‚ · Included in the Dow Jones Sustainability World Index for the third year in a row (Figures recorded from http://www.newmont.com/about/company-glance) These figures demonstrate the high growth potential that some gold miningShow MoreRelatedQuestions And Analysis Around Antipodes Mineral Resources Company1480 Words   |  6 PagesCase study 1: Introduction This discussion and analysis around Antipodes Mineral Resources company (AMR). 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Socrates On The Nature Of Death Before His Execution

In Phaedo Socrates elaborates on the nature of death before his execution. In The Apology, Socrates was sentenced to death by poison by a jury of his peer for committing atheism and corrupting the Athenian youth (Mallik). The story is told from one of Socrates’ students, Phaedo. Engaging in a dialogue with his students, Socrates argues the various ways the immortal soul can continue in the afterlife. Phaedo relates this dialogue to many other students of Socrates as well as the general public. The third argument Socrates posits is his his theory of anamnesis, also known as the theory of Recollection. Socrates remarks that we all contain fragments of non-empirical knowledge before we are born and that implies that our soul existed before then as well. It stands to reason that it will be there after our physical bodies perish and fade away. He say that the body and its senses are easily fooled (Cohen 280). We should not trust them wholeheartedly because we can be deceived. Only through reason and contemplation can we come to understand knowledge. Socrates distinguishes authentic knowledge from opinion, or doxa, by what the belief consists of. Only one can know what an eternal truth’s effects will be because that truth has sustained them for the whole existence of time (Mallik). While it relevent to have an opinion about an actionable consequence, that particular idea does not apply to the pool of authentic knowledge. Socrates divulges by asking how a soul could know suchShow MoreRelatedThe Common Theme Of Martyrdom Within The Death Of Socrates And The Execution Of Saint Barbara1032 Words   |  5 PagesTheme of Martyrdom within The Death of Socrates and The Execution of Saint Barbara When walking through a museum, one notices the immense variation within every piece. Each work contains one or a few specific themes, and its own unique interpretation of said theme. 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The account revealed that values of Socrates’ accusers and his own fundamentally differed, and that they had been angered because he tried to prove that they had misplaced theirs. Those differences created conflict between the two parties that culminated in his trial. With the understanding that a jury condemned Socrates to deathRead MoreSocrates, Plato, And Aristotle900 Words   |  4 Pagesformalized systematic presentations of thoughts on the nature of being or existence. It’s a profound study of beliefs and the grounds for them. It’s the study that seeks to understand the mystery of existence. Because the subject is so controversial, the term cannot exactly be defined. There are many philosophers that have many different views and opinions on philosophy. 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Plato was born in Athens, Greece to one of the oldest and most distinguished families in the city. He lived with his mother, Perictione, and his father, Ariston (Until Ariston died.) Born in an aristocratic and rich family, Plato s childhood was indulged within luxury. But his life changed when he came across Socrates. Socrates, a Greek philosopher who lived from

Communication Flow in an Organization - myassignmenthelp.com

Question: Discuss about theCommunication Flow in an Organizationfor Presentation. Answer: Introduction Communication plays a very important role in an organization, communication has to be very effective, interpersonal communication also very important in an organization, for achieving goals and objectives set. The report explores and investigates the relevance of communication in an organization, from the perspective of a representative of the organization. The report aslso includes the benefits of intercultural communication, its relevance and the issues that occur because of it. Method To investigate communicative the methods used for communication, an in-depth interview method was used. The interview conducted used a qualitative research formula that included the perspective of a representative of a specific organization Intercultural communication- According to the interviewee the intercultural communication in the organization has helped the organization helped a great deal to understand the tastes and preferences of the employees of different ethnic value. People with different ethnic value have different learning and experiences due to the cultural environment they have been living, their knowledge, personality, perception, attitude differs depending on the various situations, all these factor results in the organization having a different opinions an ideas, which increases the efficiency of the organization. Presentation and Persuasion The interviewee said that his organization uses both the traditional as well as the modern technologies for presentation as per the requirement. The interviewee further added that if there any new product that is about to be launched then the organization uses audio visual techniques for presentation for informing the details of the products to the people, for training the employees both audio visual presentations as well as traditional methods are used for presentation. When asked about the ways that the organization uses to persuade its customers, the interviewee said that the customers are persuaded through face to face interaction session, where the customers get opportunity to clear their doubts or any other issues related to the product or the services. Meetings According to the interviewee, the meetings in the organization is conducted very frequently, the meetings are conducted once in a week , where the operations carried out throughout the week is being discussed. The problems and main issues affecting the operations are also discussed, employees and the supervisors are suggested about the various ways the operational efficiency can be increased, meetings are also conducted whenever there is a very important information that needs to be shared or any task related changes needs to be communicated. The interviewee further added that the meetings in his organization allows the full participation of all its employees irrespective of the position he holds, all employees are free to share their experience. Put forth their problems and even provide suggestions. Trust Conflict and Resolution When the interviewee was asked about the events of trust and conflicts, he shared two such events. The first when one of the customers when a wrong order was delivered to the customer, the customer was very angry so the company decided to offer a gift coupon to the customer apart from his own good that was required to be delivered. The issue was later resolved and the customer till today is the organizations loyal customer. Another incident that the interviewee discussed was about the conflict occurred in the organization between two managers because of grapevines within the organization, the matter was later resolved and it was found that it was because of some miscommunication, since then the organization discourages informal groups that hamper the team spirit of the organization. Discussion Intercultural Communication People those who are Intercultural sensitive have a wide outlook things, they can very maturely understand the feelings and emotions of other people, empathize with them, and even respect their thinking, this allows a broader concept of the environment and also helps in understanding the people in terms of their needs, motivation, which is a very complex task. Having people from different ethnic background will give the organization an opportunity to look into a variety of ideas, given by the employees different ethnic background, therefore intercultural communication is very important for a organizations growth (Schnackenberg and Tomlinson 2016). Intercultural insensitive factors of the organization as per the interviewee were , that some of staffs discouraged to communicate to people who were not of their ethnic background. There were interactions limited to work, which is not good for the organization, for team building as well as creating a healthy work environment for people of different ethnic background (Chaney and Martin 2013). Presentation and Persuasion Persuasion is influencing people to get things done which would not have been done, persuasion is usually done with logical arguments and reasoning, shouting, debating, threatening and using ones power to persuade others is a very wrong method of persuasion. The arguments should be very logical so that the customers happily get persuaded. Presentation is a way of communication, traditional methods involves lectures, use of charts, modern methods involve the use of audio visual techniques for presentation, which are very effective for the communication purpose, it makes the boring training sessions, or seminars interesting and the message can be communicated very effectively (Brezina and Smith 2017). Trust and Conflicts Trusts play a very important role, the employees in the organization trusted and supported their employer, the employer also trusted and supported his or her employees, and this created a healthy employee employer relation in the organization. Customers also trust on the product and service they are provided, and hence the organization was successful in creating a goodwill in the market, it is the duty of the organization to gain the trust of its customers if it wants to stay in the market for long term. Whenever there were trust and conflict issues in the organization, proper reasons were given to persuade the customers, so that the trust of the employees does not break, and the organization succeeded in its endeavours (Jarratt and Ceric 2015). Meetings Meetings are the events were important and crucial matters related to the organization are discussed. It allows communication between the employees and employer, in the organization according to the interviewee, the meetings conducted are for knowing the companys progress, work related problems are discussed and recommendations are also given, all the employees are encouraged to give their suggestions and participate in the discussions of the organization (Neuliep 2017). Recommendations The main problem in the organization was the in its intercultural communication where some of the employees avoided to interact with employees with a different ethnic background from them. The organization should conduct sessions, organize events where the employees can interact and get to know each other, so that the employees interaction does not restrict up to tasks, this will be beneficial for building a healthy environment in the organization. Conclusion It can be concluded that intercultural communication plays a very important role in an organization for its growth, not just in monetary terms but also in terms of building a good and healthy relationship between employees, conflict issues cannot be avoided but definitely can be resolved by using effective ways of persuasion that involves logical reasoning. References Brezina, M. and Smith, A., Yahoo! Inc., 2017.Presentation of organized personal and public data using communication mediums. U.S. Patent 9,584,343. Chaney, L. and Martin, J., 2013.Intercultural business communication. Pearson Higher Ed. Cornelissen, J. and Cornelissen, J.P., 2017.Corporate communication: A guide to theory and practice. Sage. Harris, J.D., Moriarty, B. and Wicks, A.C. eds., 2014.Public trust in business. Cambridge University Press. Jarratt, D. and Ceric, A., 2015. The complexity of trust in business collaborations.Australasian Marketing Journal (AMJ),23(1), pp.2-12. Miller, A., Balapuria, M. and Sesay, M.M.M., 2015. Facilitating Project Success by Eliminating Interpersonal Conflicts.Journal of Information Technology and Economic Development,6(1), p.41. Neuliep, J.W., 2017. 15 Ethnocentrism and intercultural communication.Intercultural Communication,9, p.331. Niki?, G., Mitrovi?, M. and Travica, V., 2014. The quality of business communications depending on attachment style, social emotional competences and personality traits.Industrija,42(4), pp.79-97. Shaw, K., 2015. The Influence of Culture and Customs on International Business Communications.Editorial Board Members,14(9), pp.430-436. Schnackenberg, A.K. and Tomlinson, E.C., 2016. Organizational transparency: A new perspective on managing trust in organization-stakeholder relationships.Journal of Management,42(7), pp.1784-1810.