Theoretical Perspectives Of Hrm At Ryanair Management Essay

Theoretical Perspectives Of Hrm At Ryanair Management Essay RYANAIR is Europes largest low-cost airline. Operating its low-fare, no-frills formula, has over 1700 employees and a on the increase fleet of around 50 Boeing 737 jet to provide services over 70 routes to 13 countries all the way through Europe. Operating from its Dublin center of operations, it carries around 12 million passengers every year. Its planes are quite new, and have a short turnaround time between flights of 25 minutes. RYANAIR now requires online cheek-in; otherwise it will charge the customer an additional $40 for printing the online tickets reservation at the airport. It makes most of its money from the items sold in flight such as food, drinks, etc. Theoretical perspectives of HRM We will then present a verity of theoretical perspectives that may make available the indispensable foundation for understanding both the planned and non-strategic determinates of HR practices and thus make possible researchers to get an intentional approach to HRM. Three key theoretical perspectives of HRM Resource based view of the solid Cybernetic agency / transaction costs Behavioral approach Resource based view of the solid The most recent way in into the abstract discussions of planned human resource management comes from the governmental financial side and strategic management copy and has been coin the resource based view of the solid. Since the birth of line of attack as a documented area in the field of management work organization strategists cover relied first and foremost on a single outline to structure their research. The resource-based view of ready for action advantage is firm focused whereas the traditional strategic analysis paradigm has had an industry environment focus. Firm resource heterogeneity refers to the resources of a firm and how different these wealth are across firm. In the customary strategy model firm resources are viewed as all the same across firm in the industry. Firm resource calm refers to the inability of competing firm to obtain assets from other firms. In the traditional strategy model resources are well thought-out mobile in that firms could buy or create resources held by a rival firm. In order for a firms resource to make available sustained competitive advantages for example, the resource must add positive value to the firm, and unique or rare in the midst of currant. Cybernetic agency / transaction costs This variable explains why companies use to control systems such as performance evaluation and reward system. Strategies might not be pursued if performance evaluation and reward system were not in place. They added the perspectives of population ecology, strategic reference points, human capital theory, and the Foucaldian perspective. Digitalization transmogrifies simple analog agent into very composite beings with serious potential for sovereign motion, site, doings, and kind beyond those analogies limited by run of the mill material culture. Behavioral approach The RYANIAR behavioral approach to act management attempts to term the behavior an employee must show signs of to be defective in the job. The various techniques define those behaviors, and then have need of managers to judge the size to which an employee exhibit them and emphasizes on employee behavior as the mediator between strategy and clerical piece. Employee can carry the companys goals or correct performance deficiency. The person in charge distinguishes the basic essentials job and makeup. Function refers to the goals of anticipated activities and makeup to the self of the organization and of the employees or the human resources. The RYANIAR behavior moves toward is directed toward explaining behavioral patterns in poles apart ecological site. It concentrates on culture as the single most important factors. Task-2 Empowerment includes the following, or similar, capabilities:- These ability to make decisions about personal/collective conditions These ability to access information and assets for decision-making Ability to exercise group result assembly The skill having positive-thinking on the subject of to create modify Perceptions though exchange, education and engagement. The enlargement course and changes that is never finish and self-initiated Greater than ever ones up self-image and overcoming shame Increasing ones skill in discreet accepted wisdom to sort out exact and wrong Decision flow (A) Offered Collected prior to the research for a purpose other than the proposed research, includes data (B) Singular Populations Minors, in prison individuals or institutionalized psychologically disabled person. (C) Exemption Criteria (1) Normal educational practices (2) Unknown educational tests, surveys, interviews, (3) Collection or study of existing data; (4) Public benefit or service and Program (6) Taste and food evaluation and acceptance studies. Expensive There is now talk of Ryanairs expansion into the American market, with rumours that on this venture they will have two classes of travelers on the same plane the very economy section which could sell for expensive and customer focused. This would require different types of customer care and also moving away from its core business model of cost saving for all customers. Boundaries of empowerment If RYANAIR employee empowerment is such a great tool and strategy for bring about works, customers service, and employee motivation. RYANAIR organizational boundaries are also factors related to EE and high performing teams. Boundaries help newly empowered employees understand what their new, empowered roles are. Collective bargaining agent Given bellow the collective bargaining agent advantages and disadvantages. Advantages of Collective Bargaining Collective Bargaining is elastic and RYANAIR and not fixed or still: It has flexibility and ample range for finding the middle ground, for a mutual give and take sooner than the final accord is Reached or arrived at Collective bargaining RYANAIR is not a completive course of action but is for all intents and purposes a complementary course of action: Each social gathering wants a bit that the other party has that is to say, labor can make a greater creative try and executive has the capacity to disburse for those efforts and to put in order and guide. In good health preparation: The agreements that move toward from united bargaining are for set moment in time periods, be able to let organization to sketch for the prospect based on those agreements. Disadvantages of Collective Bargaining When unions and companies be of the same opinion on pay add to, it might cause rise in fee; then the client will have to shoulder the full weigh down of their agreement. Wage go with the flow leads to higher wage costs for employers and top price increases in the financial system, which in go round leads to top notice rates and minor investment. Task-3 Communication barriers Many people think that communicating is easy. A communication barrier is very important of any business. Given bellow the communication barriers. Physical barriers Physical barriers in the place of work include: striking out territory, empire and fiefdoms into which strangers are not acceptable closed office doors, separate areas for group of diverse status Large running areas or effective in one unit that is in the flesh separate on or after others. Research shows that one of the most key factors in house cohesive teams is closeness. As long as natives still have an own space that they be capable of call their own, closeness to others aids communication because it helps us get to know one a different. Perceptual barriers The problem with cabin crew communicating with others is with the intention of we all see the globe differently. If we didnt, we would have no need to exchange a few words: something like extrasensory acuity would seize its place. Interpersonal barriers There are six levels at which people can distance them from one an additional Taking out RYANIR cabin crew taking out is a lack of interpersonal makes contact with. It is both refusals to be in lay a hand on and time without help. Rituals RYANIR cabin crew is empty, repetitive routines devoid of valid get in touch with. Pastimes fill up time with others in social but on the surface behavior. Working activities are persons tasks which go after the rules and trial of get in touch with but no more. Games are subtle, scheming interactions which are on the subject of winning and losing. Its difference other country system. Contact is the aim of RYANIR cabin crew interpersonal make contact with where there is a far above the ground level of honesty and acceptance of yourself and others. Working on improving communications with RYANIR is a broad-brush activity. RYANIR have to change their thoughts, these feelings, and RYANIR physical connections. That way, RYANIR can break downward the barriers that get in this way and start construction relationships that really work. Differing emotional states RYANIR have two system message example exclusive and normal systems. Every message contains both a content connotation, which deals in the company of the subject matter of the message, and a bond import, which suggests the nature of the interaction sandwiched between sender and receiver. Communication can break down when the recipient reacts negatively to either of these meanings. RYANIR may have to contract with people when they are offended. An sadden human being tends to do not take into account or distort what the other person is saw and is often powerless to in attendance feelings and ideas in tip of fact. Poor listening People are for all intents and purposes likely to drift off when they are strained to listen to in sequence that is difficult to be aware of or that has little direct air on their own lives. To boot few of us just do not pay attention fine. Differing backgrounds Differences in background can be one of the hardest statement barriers to rise on top of. Age, instruction, sex, public status, trade and industry position, cultural set, nature, physical condition, good looks, fame, religious conviction, taking sides belief, even a passing mood can all break up one human being from an additional and make kind easier said than done. To triumph over the barriers linked with opposed backgrounds, avoid visionary your own milieu or mores on top of others. Shed radiance on your own and be aware of the background of others, spheres of data, personalities and perceptions and dont take for granted that certain behaviors mean the same thing to all and sundry. Task-4 The most famous distinction of labour flexibility is given by Atkinson. Based on the strategies companies use, he notes that there can be four types of plasticity. Functional flexibility RYANIR has to do in the midst of organization of function or management and training workers. The ability to reassign employees to poles apart everyday jobs within the organization, either in response to short-term production flows or long-term adjustment to technological adjust, has impotent effects on managerial mixing. RYANIR employees cannot transfer to special activities and task surrounded by the firm. The low functional flexibility nations (U.S.A, U.K, and Singapore) and the high functional flexibility nations (Sweden, Germany, Japan) reach those varying result through basically different HRMS policies. It has to do with organization of act or management and division workers. This can be achieved by outsourcing activities. External numerical flexibility RYANIR external numerical flexibility is refers to the change of the labour intake, or the add up to of human resources forms the external market. As a result is reduction international competitiveness and for that reason, employment levels. High workers competence levels tend to drive a low ENF line of attack in order to protect nest egg in training, as in Germany and Japan. High functional flexibility means that firms have the ability to reallocate workers within and without the organization as a viable option to layoffs. This can be achieved by employing human resources on short-term work or fixed-term contracts or through comfortable hiring and the boot regulations or in other words recreation according to the firms wants. Internal numerical flexibility Internal numerical flexibility, RYANIR know sometimes as work time flexibility or lay flexibility. This flexibility is achieved by adjusting operational hours or schedules of human resources by now employed within the firm. RYANIR a number of rewards and staffing policies come into sight to affect the ability of firms from corner to corner nations to adjust working hours and the total number of hours on hand over the work year, the availability of overtime, particularly, the distance end to end of the schedule work week, the ability to trim down work weeks, and the amount of paid time. Financial or wage flexibility The model of RYANAIR cabin crew incorporates the verity that individuals may have large flexibility in not to be trusted their work effort. RYANAIR wage level is not decided as a group and in attendance are more differences between the wages of human resources. The labor effort is an optimal financial investment strategy at each point in RYANAIR life cycle. This is made so that pay and other employment price tag reflect the make available and insist of labour. This can be achieved as a result of rate-for-the-job organism, or evaluation based pay system, or human being performance wages. This can also cover up workers who are relocated to extra offices within the firm. Task-5 A defining and classifying come within reach of such as those of by means of Rodgers seven headings- offer a way of not compulsory the selection criterion. It seems cogent and an open auditable come within reach of as well. It would make available records needed if an important person was to inspect the justice and application how well the route of recruitment and choice has been conduct so the come up to may satisfy a quality audit. Given bellow the Rodger seven point plan. Physical make-up Health: A cabin crew must a good health. He should not attend on job with any kind of sickness. Physique: A cabin crew should have a good body structure. He cannot be so fat or so slim. Appearance: Cabin crew must keep up their time schedule properly. They are supposed to attend at RYANAIRS office at fixed time. Bearing: Every passengers of an airbus want a polite person to serve up them. So a cabin crew of RYANAIR must have a good behavior with everyone. Attainment Education: A cabin crew must complete minimum higher secondary level or A level. If considered necessary the qualification may add to. Training: To give a better service to the passengers a cabin crew must have to take training as it should be. It is so tuff to offer good services without training for cabin crew. Experience: experience may necessary for a better service for the passengers. One or two years experience possibly will enough for a cabin crew. Achievements: Goodwill is the best achievements for a cabin crew before take on a cabin crew we should be acquainted with about his achievement in all sec Intelligence Cognitive ability: A cabin crew must cognitive ability. Learning capacity: All cabins should have learning capacity. Because he has not learning capacity then he cannot grab hold of additional topics. Analytical ability: A cabin crew relevant analytics capabilities are often interwoven into applications for sales, marketing, and service. Special aptitudes If a person has a good knowledge on construction, equipment, dexterity, mathematical, IT ability they should recruit. Interests To be a good cabin crew a person must have to be active and social. If he an intellectual and practical people he should get the priority to get the chance to serve the passenger of RYANAIR. Disposition A cabin crew must enough maturity and personality to be good and good service for passenger. Circumstances A cabin crew must physical and mentally fit and all set to go to anywhere of the world withRYANAIR. Task-6 Lack of job security Some of the people do job of the RYANIR a small number of jobs or yet one job in their life. If so, and theyre not effective for the rule, theyre likely to be older than 50, having adult up at a time where company devotion and hard employment provided a steady vocation and a at ease pension. They might have spent 20 or 30 years with the same company, never making the break to search for a little better, and on no account having a reason to fear layoffs. Its important to realize that not everyone react the same way to job lack of confidence. Economics provides the main reason at the back migration. Functional turnover RYANAIR employee turnover is well thought-out by many business leaders to be a simple matter of keeping the information down. Determine relationships of turnover with the employee and the agency. Push factors RYANAIR push factor come in a lot of forms. Sometimes these factors go away natives with no pick but to go away their country of starting point. RYANAIR Other push factors include ancient conditions, poor health check care, normal disasters, political fear and as well as slavery. Natural disasters and ecological evils over and over again cause the loss of money, homes, and jobs. RYANIAR instead go to the United States, where their skills and their lower wage demands are sought after by high-teach companies. Environmental problems and likely disasters often cause the defeat of money, homes, and jobs. Pull factors RYANAIR Pull factors generally make a decision where these travelers end up. People sad to more develop countries will over and over again find that the same work they be doing at home is content out of the country with higher take-home pay. RYANAIR find a greater security net of welfare benefits be supposed to they be unable to work. RYANAIR pull factor given bellow three examples: Higher standards of living/Higher wages, Labor Demand, and Political and Religious Freedom. People stirring to more urban countries will over and over again find that the alike work they were doing at home is content abroad with higher wages. Other pull factors include more medical care or education, family links or simply a personal fondness of a certain place, whether it may be linked to mores, verbal communication, weather situation or other influencing factors.

A Checklist on Effective Team Working

Abstract This paper presents a checklist of the qualities that make individuals effective team members. The checklist comprises of seven qualities which are communication skills, commitment towards attaining the team objective, competence members’ respective fields of specialty, creativity, support and respect for other members, effective organization and management skills, and responsibility and accountability. A further explanation of the relevance of these qualities is also presented. Introduction Teamwork is defined as the collaboration of several associates, each playing a role that will contribute to the attainment of the whole group’s objective (Hill & Parsons, 2014). Effective teamwork requires team members to possess certain qualities in order to facilitate a constructive relationship amongst them (Galbraith & Webb, 2013). This paper presents a checklist and rationale of teamwork qualities. The checklist is developed from my personal career experiences. Checklist of Qualities of a Team Player Effective communication skills Commitment towards attaining the team objective Competence in one’s field of specialty Creativity Respect and support for other team members Effective management and organization skills Accountability and responsibility Rationale This section presents an explanation of the relevance of the above qualities to team work. Reference is also made to academic sources to provide a more detailed explanation of these qualities.Communication SkillsIn order to function successfully in a team, members ought to be able to effectively communicate on both emotional and intellectual levels (Lencioni, 2012). Possession of this skill enables one to effectively present their ideas to other group members or express their displeasure in certain ideas without being threatening. Communication also involves listening, which is vital for internalizing the ideas presented by other team members. The present–day technological advancements like the internet and mobile phones have further eased the communication process, which is also advantageous for team work and has led to the ‘virtual team’ phenomenon (Duarte & Snyder, 2011). Lack of communication skills often lead to conflicts within the team or groupthink, where some team members agree with ideas without any constructive debate.Commitment to Attainment of the Team ObjectiveThe level of team members’ commitment to collaborate and accomplish the team’s goals is a critical contributing factor towards the success of the team (Dunin-Keplicz & Verbrugge, 2011). All teamwork projects involve the contribution of individual members towards the attainment of an overall objective. Therefore, commitment starts by their acknowledgement of the fact that what they are working to achieve cannot be solely done by one individual (Mohammed & Harrison, 2013). Committed team members have a high regard for the roles that they have been allocated and work as hard as possible to ensure that they are well accomplished within the allocated time. Commitment however depends on how organizations motivate the team members (Sheng et al., 2010).CompetenceAllocation of roles and responsibilities in team work is done according to the specialty of each team mem ber (Lencioni, 2012). For instance, it is expected that a marketing role will be delegated to an individual who has a rich background in marketing and not engineering. By exercising competence in the roles they are allocated, team members create a sense of confidence in team leaders and other members that they will deliver the required level of quality (Galbraith & Webb, 2013). It is also necessary for team members to only accept roles in which they are sure of delivering paramount quality (Dunin-Keplicz & Verbrugge, 2011). The lack of the required levels of competence results in poor delivery of individual roles, which adversely affects the overall results of the team.CreativityCreativity is defined as the ability to come up with ingenious solution for certain issues or problems (Mumford, 2012). In teamwork, it is a very important tool, especially when the problem at hand has no pre-defined approach of addressing it. When a team has creative members, one of the main advantages is t hat the project at hand will not be hindered by common challenges that may arise in the course of its progress. Whereas creativity can be considered as an individual quality, Foss et al. (2013) also argued that creativity can be nurtured within the team because team members provide different suggestions of approaches that can be used in solving problems.Effective Management and OrganizationIn the course of a team project, there are short-term objectives to be met that contribute to the attainment of the larger goal (Mohammed & Harrison, 2013). It is therefore vital for team members to effectively manage and organize time and resources that they have been allocated to accomplish their roles. The lack of management and organization skills is likely to result in delays or failure of some team members in accomplishing their roles within the allocated time schedule and resources (Galbraith & Webb, 2013). Management and organization also determines the punctuality of team members in atten ding meetings or reporting the progress of their allocated duties.Respect and Support for other Team MembersOne of the pillars of teamwork is the acknowledgement of the roles played by each member of the group (Duarte & Snyder, 2011). This eliminates the subscription to the ideology by other team members that their roles are more important than others. According to Sheng et al. (2010), support of other team members who may be experiencing difficulties exemplifies a sense of loyalty towards one another. Expressing respect and support rather than playing the blame game builds confidence in team members and contributes towards a constructive working relationship (Galbraith & Webb, 2013). It also increases the possibility of successful collaboration in future projects.Accountability and ResponsibilityAccountability and responsibility play a major role in instilling self discipline among members when handling projects they have been assigned to (Graham & Englund, 2013). Whilst not all te am members can be allocated a leadership position in the team, they have to be responsible for the small roles they have been assigned and ensure that they deliver them on time (Sheng et al., 2010). Accountability in team work ensures that every action taken in contribution to the team project is justifiable. It is however argued that accountability limits creativity because of the fear of mistakes that can arise when trying out creative problem solving procedures (Mumford, 2012). Conclusion Teamwork is an inevitable phenomenon in any organization. It is therefore necessary for individuals to hone skills that enable them to be better team players. This paper has outlined some f the qualities that are considered as being vital for anyone who wants to be successful team player. Whereas I possess all of the discussed skills, I also intend to improve my level of perfection in them in order to be a better team player in future. References Duarte, D.L. & Snyder, N.T., 2011. Mastering Virtual Teams: Strategies, Tools, and Techniques That Succeed. San Fransisco: Josey-Bass. Dunin-Keplicz, B. & Verbrugge, ?J., 2011. Teamwork in Multi-Agent Systems: A Formal Approach. New Jersey: John Wiley & Sons. Foss, L., Woll, K. & Moilanen, M., 2013. Creativity and implementations of new ideas: Do organisational structure, work environment and gender matterInternational Journal of Gender and Entrepreneurship, 5(3), pp.298-322. Galbraith, D.D. & Webb, F.L., 2013. Teams That Work: Preparing Student. American Journal Of Business Education Teams For The Workplace, 6(2), pp.223-33. Graham, R.J. & Englund, R.L., 2013. Creating an environment for successful projects. New Jersey: John Wiley & Sons. Hill, F. & Parsons, L?., 2014. Teamwork in the Management of Emotional and Behavioural Difficulties. New Jersey: Routledge. Lencioni, P., 2012. The Five Dysfunctions of a Team: Intact Teams Participant Workbook. San Francisco: Pfeiffer. Mohammed, S. & Harrison, D.A., 2013. The clocks that time us are not the same: A theory of temporal diversity, task characteristics, and performance in teams. Organizational Behavior and Human Decision Processes, 122(2), pp.244-56. Mumford, M.D., 2012. Handbook of Organizational Creativity. London: Elsevier. Sheng, C.W., Tian, Y.F. & Chen, M.C., 2010. Relationships among teamwork behavior, trust, perceived team support, and team commitment. Social Behavior and Personality: An International Journal, 38(10), pp.1297-305.

Loan Syndication

LOAN SYNDICATION AS AN ALTERNATIVE BUSINESS FINANCING STRATEGY IN NIGERIA TABLE OF CONTENT Title page Approval page Dedication Acknowledgement Abstract CHAPTER ONE INTRODUCTION 1. Background of the study 2. Statement of the problem 3. Objectives of the study 4. Significance of the study 5. Scope, limitations and delimitations 6. Statement of hypothesis 7. Definition of terms. CHAPTER TWO REVIEW OF RELATED LITERATURE 1. Types and sources of loan to Union Bank of Nigeria Plc. 2. Factors to be considered by Consortium of Financial Institutions before giving out Loans to business Organization. . Factors to be considered by Union Bank of Nigeria before using Loan syndication as a source of finance. 4. Securities and interest rates acceptable to the Union Bank of Nigeria. CHAPTER THREE RESEARCH DESIGN AND METHODOLOGY 1. Sources of data 2. Survey Instrument or Instrument of Data collection. 3. Location of data 4. Research questions. CHAPTER FOUR DATA PRESENTATION AND ANALYSIS 1. Presentatio n of Data 2. Analysis of data 3. Interpretation of Data. CHAPTER FIVE FINDINGS, CONCLUSION AND RECOMMENDATION 1. Findings 2. Recommendation 3. Conclusion Bibliography Appendix PROPOSALLOAN SYNDICATION AS AN ALTERNATIVE BUSINESS FINANCING STRATEGY IN NIGERIA Lack of fund has been one of the major problems militating against the progress and growth of our business organizations in Nigeria. This is caused by a lot of factors such as low savings (vicious circle of poverty), ignorance of the public to invest, mismanagement etc. there are many ways of solving the problems of finance and providing adequate finance to our business organizations such as equity stock, savings, ploughing back profits, but for the purpose of this research, we have to pay attention to loan syndication.This research will focus on the appraisal of the methods and ways through which Union Bank of Nigeria Plc source for fund in form of loan from a group of financial institutions such as commercial banks, merchant ba nks, insurance companies, development banks and financial institution like governments thrift societies friends. It will also focus on the different classes of loan notably, long-term loan, medium term loan, and short term loan.The classes of loan provided by the different types of financial institutions enumerated above will also be considered by Union Bank of Nigeria before using loan as a source of finance instead of other sources. Similarity, it is also pertinent to treat the factors, which are considered by consortium of financial institutions before giving out loans to business organizations. The securities and interest rates treatment acceptable to the consortium will also be look into. Also, the reason why some financial institutions do not go into loan syndication will also be inquired into.Before ending this research, it is important to study how the interest of the constitution is protected in the Union Bank of Nigeria as well as how the interest of each member of the con sortium is protected within the group. These points enumerated above when treated, Union Bank of Nigeria chooses to finance their projects and particularly loan syndication and we feel anybody who enjoys it. Summarily, the research work will be grouped into five chapters. Chapter one will contain the introduction, sub-topics as background of study, statement of problem, objectives of study, significance of study and so on.Chapter two contains the literature review. This chapter will give the detailed analysis of the topic. It is here that we state the meaning of the topic of the research different types of syndicated credit finance, the procedures for syndicating a loan etc. Chapter three will cover the research methodology and techniques. The sources of data, the instrument of data of data collection and the place the data is located. Chapter four, which is the data presentation and analysis will show the presentation of the data collected both in tables and charts, pie chart may a lso be used. Finally, chapter five which summaries the other chapters.The findings recommendations and the conclusion will be contained in this chapter. Having said much, this research study will be specifically limited to Union Bank of Nigeria Plc Onitsha Anambra State. CHAPTER ONE 1. 1 INTRODOUCTION OF THE STUDY The velalive insufficiency of fund for capital investment is a common factor in every economy especially in developing counties of the world. In developing counties like Nigeria; the low level of capital investment manifest in high unemployment rates; low productivity and corresponding low standard of living for greater majority of the population.Finding a solution to this problem of providing fund for capital investment has been a major pre-occupation of financial institutions in Nigeria. Beyond the traditional term loan; share offers; bonds and on; business organizations and financial institutions alike have sought out avenue to tackle the problem of insufficient fund fo r capital investment. One of the solutions they have come up with is syndicated loan or multiple credit facilities , which is aimed at spreading risks and weakening the impact of restricting laws and regulation on lending by financial institutions .Syndicate has been defined as an association of industrialist, or financial or banking consortium forced to carry out some industrial projects. Accordingly, loan syndication is basically defined as an agreement between two or borrower with credit facility utilizing common loan documentation. The spectacular growth of loan syndication as an alternative financial instrument for business organization occurred as response to several economic factors in Nigeria. Notable among these were: – The National industrial policy of 1989, which is aimed at achieving, accelerated pace of industrial growth in Nigeria economy. The Introduction of structural adjustment programmed in 1986, culminating in the establishment of foreign Exchange market (F E M) and depreciation of the aria, This made imported machinery and equipment very expensive and requiring hung capital outlays which most companies or financial institution can not comfortably afford. – Restriction on credit expansion by government and monetary authorities to minimize inflation. Central bank of Nigeria dose not included syndicated loan finance with in the credit checking, banks are there fore, able to syndicate loans with out interfering with the credit ceiling. The scrapping of import license regime which enabled more users of imported equipment and machineries to source and bring into the country. – Deregulation of interest rate made loan syndication attractive to both business organizations and financial institutions. The above factors concerned with the persistent domestic inflation and arising cost of domestic production have increased the magnitude of credits demand by vanoys users of fund particularly the industrial producers.In addition, ther e are certain legal and regulatory limitations on lending activities of commercial and merchant banks such as the statutory lending limit as provided in the banking act of 1969s. 13 (1) , the liquidity requirement ,e t c . In order to surmount these legal and regulatory limitations on lending activities of commercial bank (union bank) and merchant banks, loan syndication has become an attractive credit delivery technique aimed at spreading risks reducing the impact of the restricting laws and regulations.Currently, there exists no comprehensive enacted law on loan syndication in the country as to regulate the activities of the financial institution that lead and participate in the syndication. What is perhaps significant about loan syndication in the country is not the rapid growth of the financial institutions involved loan syndication, but their activities which have been quite remarkable over the years.Also, the study of the extent to which union bank of Nigeria plc employ syndic ated loan as an alternative financing means with particular reference to Anambra and Enugu states respective financing means with loan as an alternatively have been carried out in this study. The researcher carefully appraised all aspects of loan syndication as financing alternative in the country from the point of view of the borrower. It is also made clear in this work that consideration of numerous merits of syndicated loan financing as against its demerits.It is not to be used as a last resort but should be considered alongside with equivalent alternatives. All these notwithstanding the most important of this study (it empirical study) is to know the popularity of syndicated loan financing among business organization in the country and the extent to which they employ it as financing alternative, no such study has been carried out in Nigeria. For the empirical study, Anambra and Enugu State respectively have been chosen due to constraint imposed by cost and short-term on the rese archer, otherwise the researcher could have conducted the survey throughout the country. . STATEMENT OF PROBLEM There are conflicting views as to whether business organizations should be financed by syndicated loan or not. The opposition to the use of this alternative, especially in Nigeria, argues that syndicated loan is expensive and involves much administrative work. Also, there is need to point out in every clear terms the advantages inherent in syndicated loan as medium and long term financing alternative. Besides, a review of the role of financial institutions in financing Nigeria business organization through syndicate loan is of paramount importance.In addition to the above, the extent to which syndicated loan financing is embraced by Union bank of Nigeria Plc. In the country need to be studies to know actually whether the much emphasized syndicated loan financing is being employed as financing alternative in Nigeria. 3. OBJECTIVE OF THE STUDY The purpose of this study inclu des inter-allies; – An examination in general terms of the various issues involved in loan syndication. – To find out whether loan syndication is really a new approach to or another form of borrowing. To synthesize the merits and demerits of syndicated loan-financing vis-a-vis other sources of medium and long-term financing both by cost and codeless. – To survey the extent and prospects of loan syndication business in Nigeria analyzing critically the role of business organizations and financial institutions. – To find out whether loan syndication can help in industrial development of the country, especially under the current economic situation. – To examine the extent of penetration of syndicated loan financing among business organizations in the country. 1. 4SIGNIFICANCE OF THE STUDYThis study will be of crucial benefit to the borrowers. The attention of the researcher was drawn by the need for loan syndication in Nigeria especially in the area of providing the borrower with credit facilities. This becomes obvious that will be a need to grant study that could examine loan syndication as it affects the investment and capital project outlays. Therefore, the significant of this study is to look into ways of making it easy for financing a capital project outlays which requires a syndicated loan, and also to encourage financial firms to jointly finance project which one financial firm cannot single handedly finance.It is hoped that after this study. It will be useful to every bank especially those in merchant banking and development banking. It will also provide information to general public on how to employ loan syndication as alternative business financing. This work is expected to be of immense values to the students in financial studies and other related courses mostly accountancy, banking and finance and so on, since this is part of what they are going to practice in their various place of work.Lastly, it will and government and other institutions to formulate suitable policy that will guide them in financing a big projects jointly with other financing firm. 1. 5SCOPE OF THE STUDY This research work only covers the loan syndication as an alternative business financing strategy in Nigeria. I took a close looks at the needs, functions and various benefit associated with Nigeria loan syndication. LIMITATIONS OF THE STUDY The first limitation, which was obvious, is the dearth of statistical data.Lack of statistical data from our financial institutions like central bank of Nigeria (CBN), ministry of finance, including commercial and merchant banks where the researcher visited at Enugu, Onitsha and Lagos to collect list of corporations they have financed through syndicated loan adhered strictly to the rule of secretly in banking, thus they refused to release such information. Another problem is the time constraint. A research of this nature need relatively long time during which information for accurate infi rmness could be drawn, the period for the study is short , hence time posed as a constraint to the researcher.Lastly, as the cost, the researcher would have extended the survey to other states at the empirical level and this would have produced accurate and more comprehensive work but for the hinge cost of transportation and accommodation in the various state of the federation. It is not possible. 1. 6 STATEMENT OF HYPOTHESIS: Ho syndicated loan has been employed against other alternatives as a medium long term financing strategy. Hi syndicate loan has not been employed against other alternatives as a medium long term financing strategy. Ho does syndicate loan has any impact on our national economy?Hi syndicated loan has much impact in our national economy. Ho syndicated loan has much impact in our national economy. 1. 7 DEFINITION OF TERMS: The research topic has some key words, which call for treatment before anything else. SYNDICATE: It has been defined as an association of indus trialist, or financials or banking consortium forced to carry out come industrial projects. LOAN SYNDICATION: It is defined as an agreement between two or more lending financial institutions to provide a borrower with credit facility utilizing common loan documentation. —–Important Instructions Start here—- PLEASE, print the following instructions and information if you will like to order/buy our complete written material(s). Remember that our approved websites are www. careerslight. com or www. trustyprojects. com and our official phone numbers are 08169533305, 08158646653, 08126773402. Take Note of our websites and phone numbers or write them down. 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Analysis Of Marina Abramovic s Photograph, Light Side And...

Marina Abramovic’s photograph â€Å"Light Side/Dark Side† is a black and white portrait of a young lady looking straight into your eyes. If you look at this photograph, it’s not her piercing look that perplexes you; it’s the hand hiding her left eye that prevents you from discovering the mystery behind that face. As the partial face leaves the viewer curious to see the rest, the shades of black and white add to the gloominess evident on her face. But you realize that you are not the only one whose view is obstructed, hers is too. It’s evident that the hand is not hers. The hand can be viewed as a symbol of distortion. Like in the photograph, distortion can obstruct the view of the world and leave you disturbed when you are unable to see the complete picture. But whose hand is ‘distorting’ your view and the lady’s? In his essay â€Å"Decolonising the Mind,† Ngugi Wa Thiong’o sheds light onto the cause and effect of distortion in his childhood. Ngugi recounts his experience of being born in Kenya, a country under colonial rule by the British, and how the imposition of a foreign language, English, broke the harmony between the language of his formal education and that of his Limuru peasant community. The colonial power can be viewed as the hand from Abramovic’s photograph that is distorting the relation Ngugi shares with his language and culture. Before the British imposed English, that is before the distortion, Ngugi fondly remembers the peaceful days when the Limuru community used