Bank-based Financial Intermediation for Financial Inclusion and Inclusive

AbstractionFiscal Inclusion for inclusive growing is a subject of modern-day significance and relevancy. This survey besides set uping the growing heightening function of bank-based fiscal intermediation through empirical grounds has besides found that entree to finance by the hapless is a requirement for poorness decrease in order to accomplish inclusive growing and sustainable economic development. The survey has evaluated utilizing appropriate statistical techniques the impact of fiscal inclusion attempts on the inclusive growing in the instance of a developing economic system like India by sing the most dependable informations for the period from 1975 to 2007. The theoretical and empirical analysis leads us to reason that bank led fiscal inclusion has unequivocal advantages for inclusive growing in developing economic systems. Keywords: Government Policy and Regulation, Economic Development and Fiscal Markets ; Financial Inclusion ; Institutions and Growth JEL Classification: G20 ; G21 ; G28 ; O16 ; O43 ; O53 Research Article: dated 22nd September 2010. *Dr. Vighneswara Swamy, Faculty Member, IBS-Hyderabad, INDIA, www.ibshyderabad.org Electronic mail: vighneswar @ ibsindia.org, Telephone: +91-09705096919Bank-based Financial Intermediation for Financial Inclusion and Inclusive GrowthI. IntroductionAmartya Sen ( 2000 ) argued convincingly that poorness is non simply deficient income, instead the absence of wide-ranging capablenesss, including security and ability to lend in economic and political systems. Franklin Roosevelt, the popular president of United States of America in 1932, mentioned the American hapless as the disregarded adult male at the underside of the economic pyramid. The term `bottom of the pyramid ‘ today is referred to the planetary hapless most of whom survive in the development states. These big Numberss of hapless are required to be provided with much needed fiscal aid in order to sail them out of their conditions of poorness. Joseph.E.Stilglitz opines that, if economic growing is non shared throughout society so development has failed. Consequently, there is felt a demand for policy supp ort in imparting the fiscal resources towards the economic upliftment of resource hapless in any developing economic system. This survey is an effort to grok and separate the significance of Financial Inclusion in the context of a underdeveloped state like India wherein a big population is deprived of the fiscal services which are really much necessity for overall economic growing of a state. Our apprehensions and analysis on the subject are presented here below in the undermentioned subdivisions. In Section-II, the importance of `finance ‘ for economic growing has been established with equal literature reappraisal. In subdivision III, inclusive growing and its significance for accomplishing sustainable growing is discussed. Section-IV brings to fore the fiscal inclusion and its dimensions in item. In Section-V, the importance of fiscal inclusion for accomplishing inclusive growing in India is detailed with a statistical analysis. Last, findings and decision is presented in Se ction-VI.II. FINANCE AND GROWTHThe earlier theories of development concentrated on labor, capital, establishments etc. as the factors for growing and development. The taking plants barely included finance as a factor for growing. Since so there has been ample research analysing how fiscal systems aid in developing the economic systems. A wide understanding exists among economic experts that fiscal development prompts economic growing. Financial system development so has a say to economic growing ( Rajan and Zingales ( 2003 ) . Time and once more empirical grounds has emphasized the relationship between finance and growing. Harmonizing to the plants of King and Levine ( 1993a ) and Levine and Zervos ( 1998 ) , at the cross-country degree, grounds suggests that steps of fiscal development are smartly and confidently related to economic growing. Other surveies besides set up affirmatory association between fiscal development and growing. It is so incontrovertible that considerable portion of the differences in long run economic growing across states can be elucidated by disparity in their fiscal development ( Rajan and Zingales, 1998 ) . Beck, Demirguc-Kunt and Levine ( 2006 ) usage Rajan and Zingales ( 1998 ) attack, which provides auxiliary grounds that fiscal development progressively props up the growing of smaller houses which constitute mostly the precedence sector loaning in the instance of Indian Financial sector. Recent study grounds suggests that entree to finance has a direct link with that of invention. Cross-country findings grounds that finance promotes growing through addition in productiveness ( Ayyagari, M. , Demirguc-Kunt, A. and Maksimovic, V, 2007 ) . Further, it has besides been revealed that fiscal development plays a important function in chairing the impact of external dazes on the domestic economic s ystem ( Beck, T. , Lundberg, M. and Majnoni, G, 2006 ) . Besides argument refering the function of finance in economic development, economic experts have besides debated the comparative importance of bank-based and market-based fiscal systems for a long clip ( Demirguc-Kunt and Levine, 2001 ) . Joseph Schumpeter argued that Bankss assume a important function in economic development. Harmonizing to this position, the banking sector causes transmutation in the way of economic advancement by comforting the allotment of nest eggs and of class non needfully by changing the salvaging rate. Largely, the Schumpeterian position of finance and development high spots the impact of Bankss on productiveness growing ( Schumpeter, Joseph A, 1934 ) . Banking sector can exert a positive influence on the overall economic system, and hence is of wide macroeconomic importance ( Jaffe and Levonian, 2001, Rajan and Zingales, 1998 ) . It is established that better developed Bankss and markets are closely associated with faster growing ( Christopoulos and Tsionas , 2004 ) . Improved operation of Bankss can be able to hike resource allotment and rush growing ( Levine, R. and S. Zervous 1998 ) . Correspondingly, by helping hazard direction, bettering the liquidness of assets available to rescuers, and by take downing trading costs ; Bankss can inspire investing in possible economic activities ( Greenwood and Smith 1997 ) . Banks do exert important and causal impact on productiveness and growing, which contributes to overall GDP growing. It is besides ascertained by some research workers that the size of the banking sector can be safely considered a good forecaster for future growing, particularly when concentrating on long term undertakings ( Andrea Vaona, 2005 ) . The research so far has non merely looked at how finance facilitates economic activity but besides societal facets like poorness, hunger etc. The consensus is that finance promotes economic growing but the magnitude of impact differs.III. INCLUSIVE GROWTHDevelopment economic experts and provinces have frequently been for a long clip interested in the relationship between fiscal development and economic growing particularly in the period which is known as the epoch of the Washington Consensus. A turning GDP is an grounds of a society acquiring its corporate act together for advancement. As its economic system grows, a society becomes more strongly organised, more compactly interwoven. Growth is good, Sustained high growing is better and Sustained high growing with inclusiveness is best of all. Inclusive growing in the economic system can merely be achieved when all the weaker subdivisions of the society including agribusiness and little graduated table industries are nurtured and brought on par with other subdivisions of the society in footings of economic development. The major development challenge is to do the growing inclusive. Policies for inclusive growing are critical constituents of bulk of authorities schemes for sustainable growing. Inclusiveness is an indispensable ingredient of any successful growing scheme ( Commission on Growth and Development, 2008 ) . Three pillars of inclusive growing are ; ( I ) Maximise economic chances ( two ) Ensure economic wellbeing and ( three ) Ensure equal chances to economic chances ( Ifzal Ali, 2007 ) . An inclusive growing scheme encompasses the cardinal elements of an effectual poorness decrease scheme and, more significantly, expands the development docket. Developing inclusive fiscal systems which are financially and socially sustainable, as a poorness decrease scheme, should be given precedence ( Amit K Bhandari, 2009 ) . Beck, Demirguc-Kunt and Levine ( 2007 ) have noticed a positive consequence of finance on poorness decrease. Economies with higher degrees of fiscal development experience faster d ecrease of poorness. This has been explained by an extended organic structure of literature including White and Anderson ( 2001 ) and Bourguignon ( 2003 ) . In an frequently cited cross-country survey, Kraay ( 2004 ) proves that growing in mean incomes explains 70 per centum of the fluctuation in poorness decrease ( as measured by the head count ratio ) in the short tally, and every bit much as 97 per centum in the long tally. Lopez and Serven ( 2004 ) suggest that for a given inequality strength, the poorer the state is, the more critical is the growing constituent in explicating poorness decrease. Therefore, just growing is so an jussive mood for inclusive growing.IV. FINANCIAL INCLUSIONImportance of fiscal inclusion arises from the job of fiscal exclusion of about 3 billion people from the formal fiscal services across the universe. The reappraisal of literature apprises that the most functional definitions are context-specific and originate from country-specific jobs of fiscal e xclusion and related socio-economic conditions. Therefore, over a period, assorted definitions of fiscal inclusion/exclusion have developed. However, there is no universally accepted definition on fiscal inclusion. Financial inclusion has normally been chiseled in footings of fiscal exclusion as mensurating it is perceived to be hard. Fiscal exclusion is a complex construct and the issues needed to be pondered include ; differentiation between and entree and use, grade of exclusion and whether single or household that is excluded is. Harmonizing to World Bank ( 2005 ) fiscal exclusion includes four key countries ; Transaction banking, Savings, Credit and Insurance. Broadly, fiscal exclusion can be loosely defined as the inability to entree basic fiscal services owing to complications attach toing with entree, conditions, monetary values, selling or self-exclusion in response to unfavorable experiences or perceptual experiences of persons / entities. The subdivisions that are by and large excluded are ; fringy husbandmans, landless laborers, Unorganized sector, urban slum inhabitants, migrators, cultural minorities, adult females, eastern & A ; cardinal parts of India largely. Some of the grounds for exclusion are: Lack of consciousness, low income, societal exclusion, illiteracy. Sparse population in distant & A ; hilly countries with hapless substructure & A ; deficiency of physical entree. Easy handiness of informal recognition. Documenting processs necessitating cogent evidence of individuality and reference, high charges and punishments, generic merchandises that are presently in the market do non fulfill the demands of the subdivisions that are excluded financially. There is no individual over-riding factor that could explicate fiscal exclusion. It includes a assortment of factors stated above and likely many more. Supply side barriers pose bigger hindrances in the procedure of fiscal inclusion. Some of the important causes of relatively low enlargement of institutional recognition in the rural countries can be risk perceptual experience, high dealing costs, deficiency of substructure, and hard terrains and low denseness of population. Another noticeable factor being the perceptual experience among bankers that big figure of rural population is un-bankable as their capacity to salvage is limited, little loan demands, miniscule border in managing little minutess. Besides, non-availability of Know Your Customer ( KYC ) demands ( documental cogent evidence of individuality and reference ) can be one amongst the barriers in holding a bank history peculiarly for migrators and slum inhabitants ) . Further, unsuitableness of merchandises and services that are offered to the rural people are non tailor- made. For illustration, most of their recognition demands are in signifier of little ball amounts and Bankss are loath to give little sums of loan at frequent intervals. Consequently, they resort to borrowing money from usurers at extortionate rates. Poor market linkage or state incursion of service suppliers besides constitutes the major factors of fiscal exclusion. And besides one more unreasoned perceptual experience amo ng the bankers is that the rural countries have hapless refund record. Global literature explains fiscal exclusion besides in the context of a larger issue of societal exclusion of weaker subdivisions of the society. While Leyshon and Thrift ( 1995 ) explain fiscal exclusion as such procedures those assistance to forestall some societal groups and persons from acquiring entree to the formal fiscal system, Carbo et Al. ( 2005 ) and Conroy ( 2005 ) opine that it is a province of inability of some hapless and deprived societal groups to entree the fiscal system. Mohan ( 2006 ) grounds that fiscal exclusion implies the deficiency of entree by some sections of the society to suitable, low-cost, just and unafraid fiscal merchandises and services from mainstream suppliers. Resulting the logical thinking made above, it can be an indicant that fiscal exclusion occurs largely to people who are the deprived subdivisions of the society. On the demand side, individuals are dissuaded from accessing and utilising dealing banking services for a scope of psychological and cultural grounds. Aged people in rural countries who are portion of a ‘cash merely ‘ coevals, migrators and low income people perceive banking as merely being appropriate for people who are better off than they are and fear losing control of their money if they cease to cover merely in hard currency. One more issue of involvement is whether low degree of fiscal inclusion is associated with high income inequality ( Kempson et al. , 2004 ) . Beck et Al. ( 2007 ) have examined fiscal sector outreach and its factors by using transverse state informations. Even, in the developed economic systems excessively, surveies have revealed that the exclusion from the fiscal system occurs to low-income groups, the cultural minorities, immigrants and others ( Barr, 2004 ; Kempson and Whyley, 1998 ; Connoly and Hajaj, 2001 ) . Surveies by Leyshon and Thrift, ( 1995 ) and Kempson and Whyley ( 2001 ) highlight that the geographical factor that people populating in rural countries and in locations that are distant from fiscal Centres are more likely to be financially excluded. As such, states with low degrees of income inequality tend to hold comparatively high degree of fiscal inclusion ( Buckland et al, 2005 ; Kempson and Whyley, 1998 ) . In other words, the degrees of fiscal inclusion necessarily lift in response to both prosperity and worsening inequalities. Another factor that can be related with fiscal exclusion is employment ( Goodwin et al. , 2000 ) . Recent grounds besides suggests that the continued payment of societal security benefits and the State pension in hard currency is significantly related to fiscal exclusion ( Kempson and Whyley, 1999 ) . Informal sector histories for a significant portion of employment in several less developed states ( ILO, 2002 ) which does non ease the procedure of fiscal inclusion. Formal employment besides entails inclusion and therefore the proportion of formal sector employment would be an critical index of the grade of fiscal inclusion. In the Indian context, Committee on Financial Inclusion in India ( Rangarajan Committee, 2008 ) defines it as the procedure of guaranting entree to fiscal services and timely and equal recognition where needed by vulnerable groups such as weaker subdivisions and low income groups at an low-cost cost. † The fiscal services include the full gamut – nest eggs, loans, insurance, recognition, payments etc. The fiscal system has to supply its map of reassigning resources from excess to shortage units but both shortage and excess units are those with low incomes, hapless background etc. By supplying these services, the purpose is to assist them come out of poorness. Measurement of Financial Inclusion is non universally the same. Different states adopt different indexs to mensurate fiscal inclusion. Definitional facets of fiscal inclusion / exclusion and their indexs as recommended by United Nations, World Bank, Committee on Financial Inclusion in India ( Chairman: C. Rangarajan ) , Asian Development Bank [ ADB ] and Treasury Committee, House of Commons, UK are presented in Table-1. In the developed states, the formal fiscal sector serves most of the population, whereas a big section of the society, in developing states, chiefly the low-income group, has modest entree to fiscal services, either officially or informally. Harmonizing to Peachy and Roe ( 2004 ) developed states have experienced good degrees of inclusion. However, it is reported that ( ADB, 2007 ) , in the development states, formal fiscal sectors serve comparatively a little section, frequently non over 20-30 per cent of the population. Recent information ( Table-2 ) illustrate that states with big proportion of fiscal exclusion besides show higher poorness ratios and higher degrees of inequality. Table-3 nowadayss the fiscal inclusion enterprises in different states. Further, the extent of fiscal inclusion in some choice states is illustrated in Table-4.V. FINANCIAL INCLUSION AND INCLUSIVE GROWTH IN INDIAThe importance of this survey lies in the fact that India being a socialist, democratic democr acy, it is imperative on the policies of the authorities to guarantee just growing of all subdivisions of the economic system. With merely 34 % of population engaged in formal banking, India has, 135 million financially excluded families, the 2nd highest figure after China. Further, the existent rate of fiscal inclusion in India is besides really low and about 40 % of the bank history holders use their histories non even one time a month. It is universally opined that the resource hapless need fiscal aid at sensible costs and that excessively with uninterrupted gait. However, the economic liberalisation policies have tempted the fiscal establishments to look for more and more greener grazing lands of concern disregarding the weaker subdivisions of the society. It is indispensable for any economic system to take at inclusive growing affecting each and every citizen in the economic development patterned advance. It is in this context that a survey has to be made to understand the impo rtance of precedence sector loaning in guaranting the inclusive growing in the Indian context. Choice macro-economic and fiscal indexs of Indian economic system are presented here below in Table-5. Based on the well accepted attacks for rating of the coverage of fiscal inclusion and to measure its impact on inclusive growing the survey enterprises to analyze the followers: Spatial Distribution of Banking Services Regional Distribution of Banking Services Impact of Financial Inclusion on Inclusive Growth1. Spatial Distribution of banking ServicessIn order to analyze the spacial distribution of banking services in the state, the available informations for the periods 1991 and 2005 has been verified. Further, bank offices in the state have been classified into Rural and Urban countries. This has been considered in order to acquire a clear apprehension about how the spread of formal banking services has been affected in different parts of the state. In the instance of recognition histories, the status has deteriorated for rural families while showing considerable betterment in the urban countries ( Table-6 ) , confirming the really significant addition in retail recognition.2. Regional Distribution of Banking ServicesAn attempt has been made to analyze the extent of fiscal inclusion in different parts of the state such as Northern, North-Eastern, Eastern, Central, Western and Southern parts apart from All India degree. A purposeful analy sis is made by comparing the information for the period from 1991 to 2005. Further, this information has been farther split into rural and urban countries in the state in order to acquire an exact position about the distribution services in these countries. Further, the analysis is made in footings of population coverage per bank office, Number of Savings histories per population of one hundred and Number of Credit ( loan ) accounts per population of one 100. In footings of fiscal widening, the range for betterment remains. Table-7 illustrates the degree of fiscal inclusion in India with part wise statistics. It is discernable that Southern and Northern parts have population coverage below the national norms. All the other parts in the state have coverage good above the national norm naming for pressing betterment in the population coverage of the population. Again in footings of rural and urban countries at that place has been a distinguishable advancement in the coverage of the po pulation by the bank subdivision offices. Table-7 provides farther lucidity by supplying a break-up of the sedimentation histories. Both the sedimentation and recognition histories are lower in rural families than urban families. Hence despite the rural-push, the rural population has non come frontward and avail even basic banking services3. Impact of Financial Inclusion on Inclusive Growth – An Empirical AnalysisIn order to affect a comprehensive step of fiscal inclusion in the Indian context, we consider Priority Sector Lending as a important step of fiscal inclusion and its deepening. We are of the sentiment that, mere gap of bank history would non be a true index of fiscal inclusion, but availment of fiscal services, more significantly ; the much needed recognition for the excluded subdivisions of the society would decidedly picture the step of fiscal inclusion. Further, this step would run into the demands of the definition for measuring of Financial Inclusion provided b y United Nations, wherein it is said that the index should mensurate the â€Å" Access to recognition, insurance, nest eggs and payment services † . Priority Sector Lending as an index in our survey addresses all the above facets. In position of this an effort has been made to set up the relationship of precedence sector loaning ( as a step of fiscal inclusion ) with the indexs of inclusive growing such as rural poorness. Rural poorness is considered to portray inclusive growing as more than 70 per centum of India lives in rural countries. The needed informations for the analysis is obtained mostly from the most dependable and official beginnings such as Reserve Bank of India web site, NABARD web site, India Development Report 2008 and other related beginnings. Economic reforms in Indian economic system were initiated in the twelvemonth 1991-92. As such, to cover equal figure of old ages of precedence sector loaning and inclusive growing during pre and post-Liberalisation period, informations for the period from 1974-75 to 2007-08 has been analysed for understanding the tendencies. For the intent of analysis the most popular statistical step Multiple Regression ( OLS ) Analysis is used ( Andrea Vaona, 2005, Andrea Vaona and Roberto Patuelli, 2008 have besides used the same sort of analysis for similar surveies ) . The aim of this subdivision of the paper is to place the determiners of Inclusive Growth which can be captured in Rural Poverty ( RU_POV ) ( measured in per centum against that of the entire population in rural countries and these figures are provided by the Census of India informations ) in India and determine the impact of Priority Sector Lending ( PSL ) on rural poorness in India. Priority Sector Lending in the Indian context refers to the bank recognition under the directed loaning towards the private houses and persons which is an of import parametric quantity that determines the step of development that can significantly lend to inclusive growing ( Andrea Vaona, 2005 ) . Domestic Savings ( SAV ) ( measured in Rupees in Crores ) is included as a determiner in order to account for the statement that savings propels economic activity in the system at big and helps in inclusive growing procedure ( Beck, Levine and Loayza 2000 ) . Rural Employment is one of the important steps of ec onomic development and accordingly of inclusive growing. A greater degree of rural employment can be taken as grounds of greater economic development ( Cole Shawn, 2007 ) . In acknowledgment of this statement, Employment in Rural Primary sector ( EMP_RP ) ( expressed in million Numberss ) is included as one of determiners to analyze their impact on inclusive growing. Agricultural Production is another of import determiner that affects the inclusive growing procedure in rural India. As a big population of weaker subdivisions of the society still depends to a big extent on agribusiness, Agricultural Production ( AGRI_PRO ) ( expressed in Kilograms/hectare ) determines their upward motion in the income ladder ( Andrea Vaona, 2005 besides considered production as an of import variable in a similar survey ) . Consequently, agricultural production is besides considered as a determiner in the analysis. There is besides an incontestable statement that overall recognition has profound impact on inclusive growing procedure ( Andrea Vaona, 2005 ) . In position of this, Credit to Gross Domestic Product ( CRED_GDP ) ( measured as a ratio in per centum to GDP ) is included as a determiner. If there is an addition in Per Capita Income ( PCI ) ( measured as per capita NNP at factor cost expressed in Crores in Rupees ) there surely will be an addition in inclusive growing procedure. As such, Per Capita Income ( every bit used as a determiner in a similar analysis by Andrea Vaona and Roberto Patuelli, 2008 ) is normally recognized step of criterion of life of people and accordingly is a major factor that enhances inclusive growing and hence it is included in the analysis. 1The arrested development theoretical account can be ;Y = I ± + I?1X1 + aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦ + I?nXn + A µ — — — – & gt ;2Accordingly, Rural Poverty can be better explained and estimated with the undermentioned version of equation ; RU_POV = ?’ ( PSL, SAV, EMP_RP, AGRI_PRO, CRED_GDP, PCI ) + A µ — — — & gt ; In order to command for other factors associated with economic growing non linked to fiscal development, the arrested development consequences are presented by utilizing a simple conditioning information set, including the invariable, the logarithm of all explanatory variables. Due to possible nonlinearities, the natural logarithms of the regressors are considered ( Levine, Loazya and Beck, 2000 ) . Consequently, when we log-transform this theoretical account we obtain:3Log ( RU_POV ) = I ± + log ( PSL, SAV, EMP_RP, AGRI_PRO, CRED_GDP, PCI ) + A µÃ¢â‚¬â€ — – & gt ;‘I ± ‘ represents the ‘Y intercept ‘ , I?1, aˆÂ ¦aˆÂ ¦aˆÂ ¦I’n represent the several arrested development coefficients for explanatory variables X1 aˆÂ ¦aˆÂ ¦ Xn and ‘A µ ‘ represents the error term. Where, ‘Y ‘ represents the ‘RU_POV ‘ , i.e, Rural Poverty and ‘X1 ‘ , ‘X2 ‘ , aˆÂ ¦aˆÂ ¦.. , ‘X14 ‘ represent the forecaster variables and ‘I?1 ‘ , ‘I?2 ‘ , aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦aˆÂ ¦ , ‘I?n ‘ represent the partial arrested development coefficients of ‘PSL ‘ i.e, ‘Priority Sector Lending ‘ , ‘SAV'-Savings, ‘EMP_RP'-Employment in Rural Primary sector, ‘AGRI_PRO'-Agr icultural production, ‘CRED_GDP'-Credit to Gross Domestic Product and ‘PCI'-Per Capita Income severally. ‘A µ ‘ represents the ‘error term ‘ . The consequences of analysis are presented in Table-8 for the period from the twelvemonth 1977 to 2007. Deducing from the consequences of this analysis, it can be concluded that Priority sector loaning has important impact on rural poorness. Graphic presentation of the tendency of precedence sector loaning in the pre liberalization period from 1974-75 to 1990-91 and post liberalization period from 1991-92 to 2006-07 is illustrated in Figure-1. It is clearly apparent from the figure that precedence sector loaning has taken a bit by bit upward traveling curve bespeaking a steady rise in the station liberalization epoch. Further, the Nature and strength of the impact of the assorted determiners on Inclusive growing are captured in Table-9. A graphical presentation of the tendency of the inclusive growing in India is presented in Figure-2. It is orchestrated by the rhythmic forward motion tendencies of the above discussed determiners during the survey period. Rural Poverty is on a worsening tendency more pronouncedly during the station liberalization period.VI. RESULTS AND CONCLUSIONThe survey has found that Priority Sector Lending has a really high important impact on inclusive growing, which is in line with the findings of Kraay ( 2004 ) and Beck, et all ( 2007 ) . Domestic Savings ( in line with the decisions of Levine, Ross ; Loayza, Norman ; and Beck, Thorsten, 1999 ) , Credit to Gross Domestic Product ( as established by Ayyagari, M. , Demirguc-Kunt, A. and Maksimovic, V, 2007, Greenwood and Smith 1997 ) and Per Capita Income ( as stated by Levine, 1998, 1999 ) are found to hold important impact on cut downing rural poorness in India. The theoretical account developed in the survey explains the tendency of rural poorness ( Lopez and Serven, 2004 ) to the extent of 93.5 per centum affecting the of import determiners such as Priority Sector Lending ( Rajan and Zingales 1998 ) , Savings, Employment in Rural Primary sector, Agricultural Production ( Andrea Vaona, 2005 ) , Credit to Gross Domestic Product ( Andrea Vaona, 2005 ) and Per Capita Income ( Andrea Vaona and Roberto Patuelli, 2008, Srinivasan 1994, Streeten 1994 and Sugden 1993 ) . Further, it is besides demonstrated ( Figure-1 ) that fiscal sector reforms have so had a positive impact on decrease of rural poorness and hence in accomplishing inclusive growing. Fiscal Inclusion has far making effects, which can assist many people come out of low poorness conditions. Fiscal inclusion provides formal individuality, entree to payments system & A ; sedimentation insurance. There is a demand for coordinated action between the Bankss, the authorities and others to ease entree to bank histories amongst the financially excluded.

Classism and Its Effects in Society

Classism and its effects on Society James Bradley Cardinal Stritch University Instructor Kevin Nettesheim Intro to written communication April 17, 2013 Abstract Throughout history classism has played an important role in how people are perceived and treated. This goes as far as race, gender, financial status, and social class of individuals. For persons of any classification to prejudge another based on their background is morally and ethically incorrect, when God created man, he created man in his likeness. Therefore, I believe that no matter who you are or what cloth you come from, we all equal.Classism hurts society; it increases stereotyping, further demeans people, and It should not under any circumstance be tolerated or accepted. If classism should arise in any given the opportunity, it should be publicized and protested. What is Classism Classism is defined as a biased or discriminatory attitude based on distinctions made between social or economic classes. (Collins English di ctionary, 2009) In sociology, (which is the study of the development, organization, functioning, and classification of human societies,) classism has a distinct effect on human life. Collins English dictionary, 2009) Classism is a form of discrimination under the classifications of an individual’s rational needs, which includes; food, clothing, shelter, education, and respect based on the individual’s social class. Classism is a system of beliefs and cultural attitudes that rank people according to their economic status. This economic status is also known as social stratification, which is the idea of classifying people according to their group of socio-economic class.This classification deals with equalities or inequalities of economic, social, political, and ideological dimensions of society. Society ranks the stratification of people into layers of upper class, middle class, and lower class. Upper and middle classes are seen to be the richest and most educated of th e layer, while the lower class is to poorest. Effects of Classism Classism has a major effect on society mainly because it is a belief that has been passed down from generation to generation. Classism affects people on an economical and emotional level; it divides society into two parts.Those who have and those who do not have, this mistreatment mainly comes from the dominant more in control groups of society, the rich. It affects the subordinated groups of society, those who are the poor and it continues to cause pain and suppression among the lower classes of society to the extent of personal fulfillment or survival. Theorized, if you are not born into this dominant class, there is no room for you in society to someday become successful and without this privilege; you are stuck, left to dogs. Yet classism is not only judged by finances, it is also judge by race, gender and religion.Classism affects the minorities of society, African Americans, Hispanics, Asians, and women. The mis treatment of Africans dates back to the 1600’s, and the reasons for this so called classification results from slavery, lack of education, and social status. This division of this group further suppresses Africans; it depletes the want for success within this group. As being an African American, I can honestly say, â€Å"I know classism. † You are put into class of people who you may or may not be like, the only thing you have in common is being of the same race.To be prejudged on your color and to have that related to racial background is hurtful; there only two options after something like this. You can either better yourself or you fall into the black hole of failure. Failure can be caused by what others think of you and how you are treated. After being treated a certain way for so long you begin to transform into that individual, hint, â€Å"society can put you down. † It is same for other minorities in society as well; women are sometimes classified by what they cannot do. It is always been stated that a woman cannot complete the same task as a man.Therefore women have always had to fight for their rights, including purchasing property, voting, and fair wages. Classism has been a struggle for all. What can be done about Classism While classism affects society as a whole, there is much that can be done by both the dominant and subordinated groups of society to cease classism. The first step to stopping classism is to recognize and accept both parties as equals. No matter what race, gender, or social class you come from, we all human beings and together we strengthen our society.The belief of classism is taught at young age, individuals can start by instilling ethical behavior into their kids, so that they are able to prevent future behavior of classism. Ultimately, if we work together as a group we can stop classism. References classism. (n. d. ). Collins English Dictionary – Complete & Unabridged 10th Edition. Retrieved April 1 0, 2013, from Dictionary. com website:  http://dictionary. reference. com/browse/classism sociology. (n. d. ). Collins English Dictionary – Complete & Unabridged 10th Edition. Retrieved April 10, 2013, from Dictionary. com website:  http://dictionary. reference. com/browse/sociology

Car Manufacturing Units of Australia and Japan Essay

Car Manufacturing Units of Australia and Japan - Essay Example During the time of federation, Australian states were symbolised as highly integrated economies, with only a few barriers to trade, except tariff. As Forster puts it, there were free flow of labor and capital as there were no barriers, and the economic institutions operated across a number of economies. Federation removed the barrier in between the states in Australia, namely, tariffs. With time, both political and economic union mitigated the influence of other policies, which might have acted as the non tariff barriers in between the Australian states. Thus, the combined effect of reduced tariffs as well as the harmonised inter state standards drew the Australian state economies closer to one another. (Irwin D. A., December 2005) Holden was a popular name in the car manufacturing industry in Australia in the 1950s and in the early 1960s. By the middle of 1950, Holden cars were exported into Middle Asian territories and Asia-Pacific. With the expansion in the overseas, this 'all-Australian car' was the nation's pride; therefore, it dominated the car market in Australia. (General Motors Holden, (1948 - 1976). Along with Holden, Valiant was also an important car manufacturing company in Australia during 1950 - 1980. Much of their popularity can be attributed to their unique models, engines, pacer, utility and drifter that made it a truly Australian car. (Valiant, n.d.) In the year 1980, the protectionist policies were discarded and the government of Australia opened up trade and market in between Australian and Japan. DFAT or Department of Foreign Affairs and Trade declared that Australia and Japan would be partners in multinational cooperation. The new government also intensified microeconomic reforms to coastal shipping and port in Australia along with reforms in the labor market, transport, energy and communications. Australian Government also aimed at strengthening the key bilateral economic relationships with other countries, with Japan being the most important one. At that time, Japan was also undergoing major economic reforms, and Australia encouraged Japanese Government to accelerate the reforms. Right at that time, Australian exports were also shifting to manufactures and services from commodities. (Downer A, June 1996) Japan also got the contract for manufacturing the popular car - Holden, and therefore, Japan started manufacturing Holden for Australia. In the year 1987, United Australian Automotive Industries was created to control the Holden-Toyota joint venture; the GM arm of it was named as General Motors Holden's Automotive or simply, GMHA. In the year 1988, Holden continued to demonstrate its leadership with the introduction of exciting car models incorporating engineering techniques, significant design and safety innovations. However, the joint venture was dissolved in the year 1995. (Holden History, n.d.) However, the market shares of Holden reversed after the year 2000. The shares dropped significantly in the year 2006 and General Motors announced job slash along with cut back production in the South Australian Plant. Holden also

Three main structures in project management Essay

Three main structures in project management - Essay Example The Functional Organization Structure Businesses that produce and sell standard products utilize functional organization structures. A company that manufactures and sells video recorders and players, for example, may have a functional organization structure. Groups are a common aspect of functional structure in an organization. Individuals make up groups that perform the same functions, have the same expertise or skills. Each group focuses on performing its own activities. This is with an aim of supporting the business decision. The focus is on the cost, technical excellence and competitiveness of the company’s products. The groups also focus on the contribution of each of the functional groups to the company’s products (Gido and James, 2012). The companies that make use of organization structure periodically form project teams. These teams work on the internal projects within a company. The projects focus on developing new products, redesigning office floor plan, impro ving the manufacturing process, implementing a new information system or updating the business policy and manual procedures. Various project teams are formed from some of the projects listed. The company management selects members of the teams from the appropriate departments (Gido and James, 2012). The team members may be assigned to the project either on part-time or full time for a section of the project or during the entire project. Individuals continue to perform their regular company duties as they dedicate their part time to the project time. The project leader or manager comes from the team members, functional managers or vice president. The project manager in a functional organization lacks complete authority over the project team. This is because the team members still retain their administrative and technical authorities over their respective functional managers who appoint them to the team (Gido and James, 2012). The Strengths of the Functional Organization Structure To begin with, it clearly defines the responsibilities and roles of each person assigned to the project. This is because projects do not form part of the normal routine of the organization functions. The project manager also requires time to update the other functional managers in the company often on the progress of the company and thank them. This is in regard to the continued support of the individuals they have assigned to the project. It can also be used when the team members may be assigned work on a project that is strictly within a given functional unit. In such cases, a given functional manager has full authority over the project. This makes it easy for conflict to be handled more quickly as it emerges within a multifunctional project team (Gido and James, 2012). The Weakness of the Functional Organization Structure The first weakness of this structure is that if there are conflicts among the team members, it takes much time for them to be resolved. This is because the various hierarchies have to be involved. Another weakness is that when the company chief executive gives the project manager authority to make decisions in case of a disagreement among the team members, the decisions may reflect the interest of the organization functions of the project manager rather than the overall interest of the project. Lastly, the project manager relies on his leadership and persuasion skills. These skills help in handling conflicts, building consensus and unifying the team members. This is necessary to accomplish the project objective. The lack of full authority over project decisions is what causes hurdles for project managers (Gido and James, 2012). Pure Project Organization Structure The project manag

International Dimensions Of Business Essay Example | Topics and Well Written Essays - 2500 words

International Dimensions Of Business - Essay Example Briefly, the Haier Company came in existence by the year 1984 in a Qingdao, in the Shandong province. Following this, the company specifically does manufacture home appliances over 15,100 products. Consequently, the above data did basis on 96 categories of different specifications. Back in 2006 April, the Haier firm had come to 6,189 mark of original technology products that they had manufactured. To add on that the company did acquire software certificates of about 589 from intellectual property rights. Essentially, the Haier products in marketed their products in over 100 different countries. Apparently, the Haier Company sponsored the Beijing 2008 Olympics games (Nancy & Allison, 2008, p.90). In summary, the company has its headquarters in the Shandong province at a place known as Qingdoa in the republic of china. Additionally, the company has almost 50,000 employees worldwide and has over 240 subsidiaries. Concerning the financial status, the company has revenue of about 103.4 bi llion RMB that is global. Consequently, this averages to 68% annual growth between the year of 1984 and 2005.Haier Company is the most profound company that has undergone dynamic changes. Furthermore, it is now the most successful company globally. Therefore, it is important for one study the company. The company gathers a range of issues that are comprehensive for one to learn. Some of the subsidiaries that came to be on the list were Qingdao Haier Company, limited on the stock exchange of the Shanghai as well as the Haier electronic group limited that was listed in the Hong Kong stock exchange. As most companies, the Haier had to have business tock as follows: manufacturing and product development, trade, research on technology and lastly the finance services. Notably, the company did stick on its line of production for several issues namely; freezers, microwave ovens, washing machines, televisions, computers, mobile phones and lastly commercial air conditioners. In the summary of the introduction Haier Company came into existence in the year 1984, in the Qingdao city in the province of Shandong, and lastly, it is in china. It was the first white goods company of the china republic and eventually, it did distribute its products in five continents, which are 160 countries. The company had over 70 thousand employees over the world. Ranking Subsequently, during the year of 2006, Haier Company was in 86th position out of 500 of most prominent brands. Notably one of its achievements was that this is the only company that came to top 100 positions consecutively for three years. It is noteworthy that the company improved its reputation in that it was the first among the Chinese brands to acquire appropriate recommendations in its financial reports globally by the year 2006. The reports came in generation by the Canada state and in addition, the group got world climate rewards from the U.S.in summery, this is few achievements of the Haier Company. The productions of the Haier Company Following this, the Haier Company did manufacture a wide range of products from refrigerating cabinets, air conditioners, computers, water heaters, and home theater, televisions, and mobiles phones among the many that have not been in mention. Furthermore, Haier is leading in the technology domains of home furniture that are integrated by intelligence, digitization, and extensive integration of circuits. Haier’ global branding deal Company did aim at getting to a position of local brand in several markets worldwide in concurrence with the superior competitiveness of the product in relation to tough corporate operation. International business structure comprises of the universal design network, production, distribution and as far as procurement of after sale services (Shaw & Onkvisit, 2008).

Fashion Industry Shaping Up With Inputs From Social Media Dissertation

Fashion Industry Shaping Up With Inputs From Social Media - Dissertation Example Undoubtedly, the most active trend of the present times, social media continues to evolve with each passing minute as the number of human beings adapting it increases manifolds. Not only does the number of human beings getting connected via social media increase but there are also extremely rapid advancements in the technologies upon which all the advancements are pioneered. After the advent of Internet a few decades ago it is now that all the activity is majorly focused on Social web and via it on the Social Media. This research is attempted to evaluate what social media is, what are the core concepts of fashion and how the internet has promoted and affected the fashion scenario. The integral position of social media and is its importance in terms of its structure, functioning and the challenges associated with it. The components of the web 2.0 are discussed along with the social media tools emphasizing particularly upon their influence with respect to the fashion industry. The grow ing and changing world of Social Media also immensely affects the marketing arena and proportionately the fashion scenario. Specifically the concept of e-business with respect to its integration with the social web and the fashion industry is discussed. Marketing and advertising are also developing new meanings in line with the development of social media across the globe. Social media is the most trending wonder of the present and the future. It has highly widespread boundaries and should be adopted in order to pace up in line with the developments of the modernized human society. Introduction: Thesis Statement: Fashion Industry shaping up with inputs from Social Media. The human society has turned upside down from what it was just a few decades ago. The advancements in information technology leading to the advent of the internet have completely transformed the way human beings live and what their priorities and preferences are. Terminologies like Web. 2.0, Virtual Socialization, S ocial Networking and Social Media are such common terms now that the thought of life without them cannot be imagined anymore. None of the forefathers of present day human beings could have ever anticipated that the world would transform so rapidly and to such a vast extent in the times to come. The inclusion and embedding of the social web platform has made the modern life of human beings devoid of in-person personalization. Much of the physical efforts done by man have been taken over by the machines and the internet has made life very flexible, up-to-date and highly technologized. Computing devices even as small as those the size of a human palm are an integral companion of each and every human being via which he stays connected to the rest of his friends without any hassle and restriction. The social networking arena posed by the internet is the most major attraction of the present day individuals. The real time connectivity that they offer and the ease of their use and maintaina bility have become the basis for the flourishing of Social Media world over. The tools of social media or the platforms that support it are quite

Global Warming Essay Example | Topics and Well Written Essays - 750 words - 5

Global Warming - Essay Example Various reasons have been given to justify their disbelief. The sceptics reason that contrary to allegations by advocates, the increase in carbon monoxide in the atmosphere has enhanced wheat production by 50 to 75 percent, vegetables by 51%, and increased vitamin and antioxidant concentration in the produce. According to these detractors, the present increase in global temperatures is due to natural causes such as solar activity, volcanic activity, and so on, and that car and industrial emissions are too insignificant to cause climate change. Other reasons are given mostly in terms of dollars and cents. For instance, one website entitled Global Warming Lies (2010), manned by a webmaster who chose to remain anonymous, cites the $400 billion yearly cause as the major reason for not joining the Kyoto Protocol (the worldwide agreement to significantly reduce carbon emissions). So far the United States is the only country in the world that has continually refused to affix its signature o n the agreement (UNFCCC, 2010). Recently, the spate of cold weather was also cited as proof that global warming did not exist, because the weather was so cold, not warm (Charisse, 2010). To this, advocates have responded soundly, According to Fitzpatrick (2010), the present extended period of cold and snowy weather over North America is actually confirmation that global warming is still happening. Global warming does not mean that the world is getting warmer, but that weather extremes are being experienced in different parts of the globe. Presently, there is an El Nino weather disturbance, the warmer than usual sea surface temperatures over the East Pacific. The phenomenon causes many more storm systems to develop over North America, and energizes the jet stream. Furthermore, the negative North Atlantic Oscillation has created a

Human Resources Administration Assignment Example | Topics and Well Written Essays - 500 words - 1

Human Resources Administration - Assignment Example The third step is in the wake of understanding that more efforts would be needed to move things from one place to another if unions are formed, and hence it would be a good idea to do away with the same, right from the outset of such understandings. The fourth step is in making the employees comprehend that if they avoid unions, they will reap the rewards themselves because more work will be done in a lesser amount of time, and hence their benefits would be ensured easily. The fifth and last step is in the form of gaining an idea that unions leave a very negative perspective of the company and no employee would like to be seen as a hindrance within the smooth working tenets of an organization. Hence forming unions needs to be avoided at all costs. The reason for choosing these five points is because they give an overall view of how the unions need to be avoided at all costs. It also makes one realize where the negativity creeps in and what needs to be done to make sure that the employees remain steadfast with their respective domains. The cost, time and effort factors are pertinent for any business and should always be thought out of as such. If these aspects are not properly covered, then unions will come in and hence the focus of the organization would shift as a result of the same. Employees would ask for more favors from the organizational tenets and there would be more instances of collective demonstrations and upheaval for all the wrong reasons (Ferris, 2012). From an organizational standpoint, this cannot be tolerated at all because these document how improper the standards of the individuals working within the organizations are at the end of the day. It also dictates the anomaly that comes about for an organization be cause it has to see which employees are loyal to the core, and which ones are creating problems for its business operations,

Black Water security and what they do in Iraq as security contractors Essay

Black Water security and what they do in Iraq as security contractors - Essay Example Blackwater is one of the most high profile private security firms working in Iraq. Blackwater Worldwide along with its subsidiaries, Blackwater Training Center, Blackwater Target Systems, Blackwater Security Consulting and Blackwater Canine is engaged in the task of providing security to American officials in Iraq, in keeping with the company’s aim of employing a â€Å"new generation of capability, skills, and people to solve the spectrum of needs in the world of security† (Blackwater Security.com.) The services the company renders, include providing security for the American military bases, the Green Zone, infrastructure, weapons demolition, cash transport, guarding important military, civilian and government dignitaries, gathering of intelligence, covert operations, psychological warfare, and most importantly, training Iraqi security forces. (Government Accountability Office, Rebuilding Iraq: Actions Needed to Improve Use of Private Security Providers (July 2005) (GAO-05-737).) Being the security provider for sensitive and important officials of the government and also the military, Blackwater personnel have to often engage in fights with the locals and in one such incident in Baghdad on September 16, 2007, 14 Iraqi civilians and 18 others were wounded, while escorting a convoy through the city. This incident pushed the company into the limelight and it has had to face some hard truths about the way in which it is running its operations in Iraq. The government of USA has been able to increase the number of ground staff by employing private security operatives. This has helped them to maintain the troop levels on the ground without resorting to draft. These private security operators are a part of a ‘shadow army’ which is better trained and equipped than some of the militaries of many countries. In August 2003, Blackwater officially became the security provider for the U.S. civilian

Enterprise Knowledge Management Essay Example | Topics and Well Written Essays - 2000 words

Enterprise Knowledge Management - Essay Example At the onset, this may appear to be ordinary and nothing to be astounded about. But if one starts to look at the underlying principles that govern and control the global community, one will see that its inception and coming to be is maintained and harnessed, even made possible, by the fast phase changes and developments in the field of technology. Being such, it has been perceived that if one is to appraise technological advancement as progressing in such an accelerated rate wherein one may get lost in midst of rapid technological changes, one has not to loss hope. Though, confusing and baffling it may seem the beauty of technology lies on the fact that with the availability and accessibility of knowledge and information, nobody ought to be left behind. Instead everybody can become a partaker and sharer in the highway of knowledge. If global economy is that which defines the world market, the easy access to information has been made feasible by the presence of Internet. Internet is basically the tool with which â€Å"access to the content and services preferred by one organization† (Housel and Bell, 2001, p 114) is opened and made within reach for those individual person and organizations who may want to know and be informed. By itself, it can be claimed that Internet, being part of the developments in modern technology, is in effect a lot of help to all its users. Students by merely surfing the net can find articles and books that he/she may need for researches or for examinations. A housewife going over the services offered in the Internet will no longer have to go to the tiring routine of going to all the banks for the payments and visiting the supermarkets for the groceries. Since, at the mere push of the keyboard of the computer one can, via Internet, shop and pay all the utility bills, thus, unbur dening humanity of some basic concerns. One can itemize benefit per benefit the gains that we can derived from the Internet. Though, it cannot be

Quiz and Final Exam Study Guide Essay Example for Free

Quiz and Final Exam Study Guide Essay The quizzes and final exam are open book, open notes. The maximum time you can spend on a quiz is 45 minutes. On the final you will have 3 hours and 30 minutes. If you have not clicked the â€Å"Submit For Grade† button by the end of the allotted time, you will be automatically exited from the exam. In the final exam environment, the Windows clipboard is disabled, so you will not be able to copy exam questions or answers to or from other applications. 2. You should click the â€Å"Save Answers† button in the exam frequently. This helps prevent connection timeouts that might occur with certain Internet Service Providers, and also minimizes lost answers in the event of connection problems. If your Internet connection does break, when you reconnect, you will normally be able to get back into your final exam without any trouble. Remember, though, that the exam timer continues to run while students are disconnected, so students should try to re-login as quickly as possible. If you lose your Internet connection during a quiz or the final exam, logon again and try to access it. If you are unable to enter it again, first contact the Help Desk and then your instructor. * You will always be able to see the time remaining in the quiz or final exam at the top right of the page. 5. There are multiple pages on the final exam. * Make sure you click the Save Answers button before advancing to the next page (we also suggest clicking on â€Å"Save Answers† while you are working). Complete all of the pages before submitting your Final Exam for instructor review. * Do NOT use your browsers Back and Forward buttons during the final exam. * Please use the provided links for navigation. Submitting your quiz or final exam * When you are finished with a quiz or the final exam, click on the Submit for Grade button. * Please note: Once you click the Submit for Grade button, you will NOT be able to edit or change any of your answers. 7. Quiz and Exam Questions * On each quiz, there are 10 multiple-choice questions each worth 5 points and one essay question worth 10 points for a total of 30 points. On the final exam, there are 30 randomly selected multiple-choice questions each worth 5 points and 5 essay questions worth 30 points for a total of 300 points (150 multiple choice points, 150 essay points). * The final exam covers all course TCOs and Weeks 1-7. * The quizzes only cover the TCO’s for that week. * The final exam contains 3 pages, which can be completed in any order. You may go back and forth between the pages. * The quiz and final exam questions are pooled. This means that not everyone will have the same questions. Even if you do have some of the same que stions, they may not be in the same order. These questions are distributed amongst the TCOs. * On the essay questions, your answers should be succinct, fully address each part of the question, and demonstrate your knowledge and understanding in a concise but complete answer. Most essay questions require answers that are a couple of paragraphs (not a couple of sentences) that directly speak to each part of the question. Some students opt to work on the essay questions first, due to their higher point value and length of time needed to adequately address each question, but this is entirely your choice. * Remember to always use proper citation when quoting other sources. This means that ANY borrowed material (even a short phrase) should be placed in quotation marks with the source (URL, author/date/page #) immediately following the end of the passage (the end quote). Changing a few words in a passage does NOT constitute putting it in your own words and proper citation is still required. Borrowed material should NOT dominate a student’s work, but should only be used sparingly to support your own thoughts, ideas, and examples. Heavy usage of borrowed material (even if properly cited) can jeopardize the points for that question. Uncited material can jeopardize a passing grade on the exam. As a part of our commitment to academic integrity, your work may be submitted to turnitin. com, an online plagiarism checking service. So please be VERY mindful of proper citation. 8. Some of the key study areas are below. While these are key areas, remember that the exam is comprehensive for all of the assigned course content and this study guide may not be all inclusive. The same goes for the quizzes: there may be material on the quiz that was part of the material for that week, but is not specifically listed here in the study guide.

Horse And Rider Archetypes In Canterbury Tales English Literature Essay

Horse And Rider Archetypes In Canterbury Tales English Literature Essay Several works have brought about various The Canterbury Tales aspects. However, only a few of these works have recognized and given credit to the horses which are one of the characters mentioned by Chaucer. The aim of this essay is to try to bring out the significance of these characters which often go unnoticed thereby remaining neglected. The realization of these characters assists in filling an important fissure in the comprehending as well as appreciating the great work of Chaucer. The main purpose of this essay is to illustrate that Chaucer made the choice of mentioning pilgrims horses not only for the sake of aesthetic detail but for figurative alongside actual narrative purposes as well. The horses bring out more information concerning the pilgrims dressing manners in addition to physical features. As the horses act as an indication of the pilgrims social condition, they in addition give a hint on the moral character of a certain character. Even though the appearance of horses in the whole of The Canterbury Tales is minimal; they make a provision for one to draw an insight on the Chaucers vivid menagerie. In the Canterbury Tales; Chaucer has made reference to the horse for a number of times. In an approximation he has actually mentioned them for more than hundred and fifty times. Particularly, these solid references are mostly either proverbial terminologies or images which give reflections on the horses common notions thus giving an illustration of the relationship between characters in respect to their animal qualities, passions alongside stately status. It comes as no surprise to have Chaucers travelers mounted as pilgrims usually used the horses during pilgrimages. Nevertheless, Chaucer oddly makes a specification of eight pilgrim mounts, that is; Baths wife took her ride on an ambler, the Plowman rode a mare, and the palfrey was for the Monk while the reeve rode a stot. Though Chaucer maintains that the horses are simply normal animals helpful to man, he could not have given such a detailed description if that was the only reason he used them. Most likely, Chaucer used the horse archetypes so as to make an illustration; though subtly, of the pilgrims rank within the society alongside the individuals real moral character. For example, Chaucer allocates the mare to the Plowman which is a low class mount meant only for the most poor people in society. However, as the Plowman meekly acknowledges his personal social status, he rides the mare happily and thereby embodies a morality level of high standards because he never pretends to be what he is actually not. As a careful craftsman, Chaucer seems to possess a particular use for each detail, together with the pilgrims horses description. People such as Beryl Rowland have alleged that the mount mostly gave reflection of a riders disposition. Actually, the horse type allocated to every pilgrim tends to give a hint on various character traits. Seventeen pilgrims have in a certain time been defined relative to their individual horses; some of them in just one or two lines while others such as the Monk alongside the Canon in substantial detail. On top of the overall prologue, Chaucer has also mentioned horses within a number of the individual tales themselves, with the Reeves Tale having the greatest number of horses mention. For instance, Bayard, a slack horse, has been used within Reeves Tale to give a depiction of the clerks as well as the millers status, nature, freedom and their sexual desires. Amongst the core Canterbury Tales attractions is Chaucers capability to bring out his characters uniquely as well as universally (Chaucer 109). Even though each pilgrim turns out as a unique stranger, he or she possesses a great deal of appeal to the audience as within every pilgrim lay specific fundamental human aspects. These human aspects seem to reveal Chaucers lively characters cast together, although what remains more appealing is their peculiarity and oddness: By the means of individual characterization, Chaucer develops a human, all mans image. Certain mount types have been used to illustrate the pilgrims nature whereas characters equestrian habits bring out, mostly more effectively, the inner nature of the pilgrims. Chaucer definitely introduces characters oblique moral judgement on the basis of their individual riding habits. For instance, Chaucer portrays the Squire as a young, passionate man who is Cuteisà ¢Ã¢â€š ¬Ã‚ ¦., lowly, and Servyable ( Chaucer 99). Which fits the Wel koudeà ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦.sitte on hors and faire ryde line (94). By stating that it would have been not understandable to have the handsome, worthy honorable Knights son ride clumsily on his steed, Chaucer brings out Squires equestrian abilities. In accordance to the social conventions of a young man of his class Chaucers Squire assimilates the archetype as all squires were considered as proficient in horsemanship. Chaucer applies furthe r rider archetypes to the Clerk as well as Merchant. The Merchant is shown as one who talks his resonsà ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦.ful solemnly (Chaucer 274) as well as utilizes wel his bisette (279) rightfully rides hye on [his] horse (Chaucer 271). Similarly the reserved clerk, rides coy and stille as doth a maydeà ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦new espoused (1-2) fittingly puts across how pilgrims moral alongside personal nature is reflected by their riding ability. Chaucer initially conducts an examination of the Knight together with his son; Squire who are his most noble plus aristocratic characters before describing the pilgrims in detail which assists in the better understanding of the horses effect in the medieval society status. Chaucers Knight appropriately takes after the Knights archetype as just like most of the other knights, fights for aristocracy membership. Ful worthy was he in his lordes were (Chaucer 47). In overall, certain pilgrims mounts contribute to the tales realism in addition to subtle and thereby Chaucer actually had a purpose by using them. Work Cited Chaucer Geoffrey. (1775). Canterbury Tales. London, U.K: Mews-gate press

Motivational Factors of the Public Sector

Motivational Factors of the Public Sector The idea that money motivates people to work is a much disputed subject with many differing theories. It is an imperative reality that companies must have a firm awareness of how to motivate their employees in order to encourage the acceptance of organisational goals (Kleinbeck et al. 1990).The range of contradictory research makes it difficult for companies to decide upon one effective way of motivating employees. Mullins (2007) describes how there are two methods of motivation extrinsic and intrinsic. Money is an extrinsic motivator as it is a tangible reward, whereas motivators such as recognition and achievement are intrinsic and offer intangible psychological rewards (Mullins,2007). Theories on motivation often focus on either intrinsic or extrinsic motivation and do not speculate on the effect of a mix of these motivational methods. Taylors (2003) rational economic concept of motivation is based upon the principle that staff are mostly motivated by money due to their economic needs. In contrast, Kusin (2005, p.76) argues that work is about letting people know they are important and recognition, can sometimes be more important than money. This argument is supported by theorists such as Maslow, Alderfer and Herzberg. Many theories discuss whether or not employees are motivated by money but there is no extensive regarding the extent to which money motivates employees and the differing motivational impact it has on people working in different sectors. It would therefore be beneficial to conduct a research project into the extent to which money motivates employees and if this differs between sectors. This research could help organisations to follow a basic model which would suit their sector, aims and objectives. Conducting research into public sector employees such as nurses and teachers will allow me to see if motivational factors are different to those employees working within a purely profit driven organisation. It is important to conduct the research on the identified subject (employees) through the correct medium in order to achieve accurate results. Stockport Removals and Storage Limited is a small/medium sized company operating within the North West. They have agreed to participate within the research project providing research on employees working within a profit making, private company. The company has been operating for 20 years and has a number of long serving employees as well as recently recruited staff. This will allow research to be conducted across a range of employee contract types in order to see the variety of factors which motivate employees. Stockport Removals offer remuneration in line with competitors within the area as well as providing overtime and bonus schemes. The midwifery department in Stepping Hill Hospital NHS have also offered to take part in the study in order to offer an insight into motivational factors within a public sector company. Remuneration within the public sector is a much discussed subject within the media. The NHS have recently made plans to make 35,000 (employees) redundant unless staff accept a pay deal that will see them lose up to several thousand pounds a year (Observer, 2010). This makes NHS workers a particularly effective source of research as pay and motivation will be at the forefront of operations at such a time. Comparisons in research between public and private sector organisational motivation will help to see if remuneration motivates every employee to the same extent regardless of job type of sector of the organisation. Literature Review Reviewing current literature that is available on motivational ideas, can help to gain background information on the subject and acquire a further understanding of the studies and theories already published. This will demonstrate the research gaps in current information on motivation and remuneration. There are arguments for and against the idea that employee motivation is enhanced through remuneration. Taylor discussed the theory of motivation within his Scientific Management model. Within this model, the term maximum prosperity is key when understanding his suggested link between motivation and money. Taylor (1998) argues that the interest of both the company and the employee are maximum prosperity and in order to create wealth for the company, a worker must be given what he most wants high wages. When a business provides maximum prosperity for employees, the employee will not only become motivated through remuneration, but the process will result in the development of each man to his state of maximum efficiency which will in turn create an affluent firm. (Taylor 1998, p.1.) Lawler (1971, p128.) supports Taylors theory as he believes that individual incentive plans typically lead to substantial increases in productivity. Although it could be argued that some research shows that job performance can be improved through remuneration, the significance of motivation cannot be assumed. (Kelly, 1982). A main drawback for money being the sole motivator is that the scientific management theory had an overly simplified view of motivation (Taylor 2003, p.5.) only focusing on one aspect of motivation the tangible benefits given to employees. It also does not take into account other intrinsic factors that could be improving motivation within any studies. Despite Taylors argument, there is much literature that documents the findings that money is not a motivator. It is clear that employers benefit from a motivated work force, and it is therefore important to provide the correct methods of motivation to employees. Saunders (2003, p.75.) argues that the benefits that people want depend on their individual circumstances. Management Today have reviewed that it is time for companies to circum to the realisation that money is no longer an effective way of motivating a workforce (Management Today, 2003). People are now motivated by less easily defined needs than money, such as psychological work factors. Saunders explains how once basic money needs are satisfied, they act as little motivation for the majority of a work force. Employees gain more satisfaction and motivation from intrinsic benefits such as job satisfaction, enjoyment and feeling part of a social group. These factors are not only beneficial to employees, but are welcomed by com panies as they are cheap in comparison to economic incentives. Saunders also believes that managers would be better off investing time in employees in order to get the bases of the psychological benefits in place rather than investing in monetary rewards (Saunders, 2003). The Chartered Management Institute conducted The Business Energy Survey:2005 in which they examined motivation levels within organisations, and what factors are most influential in motivating staff. Their key findings were that professional and individual development are much higher level motivators than money and financial rewards to employees. The most highly ranked motivation factor was a sense of purpose in work in contrast to one of the lowest ranking factors being performance related rewards and incentives. Cook and Jackson (2005) conclude that intrinsic rewards such as challenge and sense of achievement outweigh factors such as remuneration and financial rewards when trying to motivate employees. Many elements of these arguments are also included in theorist models. Models of Motivation There are many concepts surrounding motivation in the workplace. Motivation theories and models such as Herzbergs Two Factor Theory and Maslows Hierarchy of Needs give a greater insight into the factors which encourage motivation. Maslow turned attention away from economic benefits and to the human nature and the psychological side of motivation. According to Maslow human motivation is a complex matter governed as it is by a hierarchy of needs(Bennaars 1993, p.81). A further insight into motivation is evident in Maslows Hierarchy of Needs model. Maslows model has been a widely used paradigm in business (Maslow 1987, p.12). Maslow used a framework in which needs are arranged in stages, in order of importance often documented as a pyramid of needs. Basic needs were described as physiological needs. Leavitt (1988, p.20) describes these physiological needs as the the starting point for motivation. When relating to Maslows intended use for the motivation theory human psychology, they are needs such as hunger, thirst, shelter and a need for oxygen. In theory, laws will protect employees from the lack of these and ensure that in the workplace, physiological needs are satisfied through legislation such as Health and Safety at Work Act (1974). If these basic needs are not satisfied however, then more advanced needs would become irrelevant as desire for psychological needs would dominate. The next stage within the motivation pyramid is safety needs which are concerned with safety, job security, and the need for order. It is evident that people prefer a safe, orderly, predictable, organized world (Steers and Porter 1991, p.201) which can be related to the workplace. Once this has been satisfied, the next motivator is love needs. These needs are associated to social interaction and can be satisfied through cohesive work groups, friendly supervision, and professional associations. The next need to be satisfied after love would be esteem. People within our society have a desire for a stable, firmly based, high evaluation of themselves for self respect (Maslow 1964, p.183). Steers and Porter (1991) describe how when relating esteem needs to organisational factors, they would translate as achieving social recognition, having a impressive job title and working within a high status job. The final stage of the model is self actualisation. This is concerned with the self development and realisation of ones potential. The rewards of this would be growth, progression and creativeness through a demanding job and achievement within an organisation. Leavitt (1988, p.28.) described this as achieving the desire to become everything that one is capable of becoming. Once a lower need is satisfied, it no longer acts a motivator and therefore employees will strive to be motivated by the next level (Mullins, 2007). Management Todays Andrew Saunders is an advocate for the Maslow Theory and claims that his theory remains watertight despite the model being over 60 years old (Saunders 2003, p.75 ). A clear drawback for relating Maslows Hierarchy of Needs to motivation in the workplace is that his research and theories were not originally intended for use within a corporate environment. We therefore rely on assumptions of interpretations of his model. After further research, Wahba and Bridgewell (1976, pp.212-140) found no clear evidence for Maslows proposition except with regard to self-actualization. Herzbergs Two Factor Theory is based upon the idea that there are two aspects which have an influence upon motivation hygiene factors and motivator factors. Hygiene factors must be in place in organisational environments for the prevention of dissatisfaction(Herzberg 1993, p.16). These factors include environmental motivators such as salary, working conditions, job security and interpersonal relationships. Herzberg goes onto describe how the second factor, motivator factors, are the aspects that motivate employees. These factors include psychological rewards such as a sense of achievement, recognition, responsibility and personal growth. It is argued that companies emphasis should be on the strengthening of motivatorsà ¢Ã¢â€š ¬Ã‚ ¦ hygiene is not enough (Herzberg 1993, p.132). In effect, this raises the issue that remuneration is in fact an element that could dissatisfy employees if it is not present, and that money rewards and payment is not enough to motivate employees alone. Critics of Herzbergs model claim that the theory only applies to unskilled, repetitive jobs and the methodology of collecting results and interpreting the data, resulted in bias findings (Mullins, 2007). Despite the criticisms of the theory has had a considerable effect on the rewards and remuneration packages offered by corporations (Crainer and Dearlove 2001. p. 361) Similarities can be drawn from reviewing Herzberg and Maslows models of motivation. Neither model uses remuneration as a high level motivator. Herzberg argues that salary is a hygiene factor and will de-motivate employees if it is not present. Pay therefore does have a correlation between motivation and job satisfaction but is not a key element in achieving high levels of employee motivation as growth factors are more influential. Maslows Hierarchy of Needs also has remuneration as a basic need in which pay is necessary in order to prevent dissatisfaction and motivates at lower levels in the short term but is not a high level motivator once satisfied. There is a distinct lack of academic sources, information and research relating to motivation within public sector work forces. It is important to consider that managing people continues to be essential to performance in public organisations. It is argued that in the public sector, there is a conflict between employees fulfilling organisational goals, and employees fulfilling their right to self-expression. This possibly decreases motivation in the workplace (Kearney and Berman 1999, p.2). My research would be beneficial in order to see if public sector workers have separate motivational factors to private sector workers. To summarise, is it clear that money is an ambiguous subject in the discussion of motivation. It is considered within many theories, however it can be argued that to what extent and how important it is depends upon employees personal circumstances and the other satisfactions they derive from work. (Mullins 2007, p255). The main problems with the current literature are that they often focus solely on one area of motivation extrinsic motivation or intrinsic motivation. Theories also contradict each other and make it difficult to derive a definitive answer as to when/if/how money motivates and to what extent. Further research is necessary in order to discover if money is an influential motivational factor in all sectors within the workplace. Research Design In order to solve the research problem effectively and gain the correct information for analysis it is important to choose between a quantitative research method and qualitative. Qualitative research is used to investigate attitudes, beliefs and experiences whereas quantitative research will generate statistics and numerical information (Dawson, 2006). As this research proposal wishes to explore to what extent employees are motivated by money, a qualitative approach would produce the most effective data. It is proposed to conduct two case studies on employees within a private business (Stockport Removals) and employees working within the public sector (NHS staff). Interviews will be used as the method of gathering data on to the extent which remuneration effects employee motivation in the public and private sector. 10 employees from each organisation will take part in the research. This figure has been taken as resources do not allow the entire business population to be interviewed although multiple interviews need to take place to ensure reliability of results. I will use a semi structured interview technique as I wish to gain specific information and ask certain questions to every interviewee whilst allowing room for elaboration on certain topics. This will allow me to gain a more in depth insight into the employees views and analyse data effectively. I can then evaluate responses of employees working in the public sector in comparison to employees working with the private employees to draw conclusions. This style has been chosen as an unstructured interview would collect lots of irrelevant data which would then make data analysis difficult to conduct. A structured interview would produce quantitative data which is not relevant to the research problem as motivation is such a personal, emotive subject. Asking open ended questions will help to gain an insight into employees feelings and beliefs and therefore quantitative data methods would not be functional. Appendix 1 shows the interview structure to be used. These questions are mainly open ended and allow for the interviewee to give a more in depth and personal account of motivation. The initial question allows the researcher to establish if the candidate is motivated in their current working position. This is essential as if they are not motivated in their work, then they will not be able to give full explanation as to what motivates them in their current role. The second question explores the factors that motivate the employee aside from motivation. This question aims to see if members of the organisations are motivated by intrinsic factors when disregarding payment schemes. This is important in order to establish the main aim of to what extent motivation is related to remuneration. Question four and five on the interview schedule (Appendix 1) help to evaluate the current motivational theories and models already published (Maslow and Herzberg) and see if the interviewees feel that the areas and factors within them are relevant to their personal motivation. This may also help issues arise that are not covered within the models in the literature. Further questions include topics on intrinsic motivation. It is important to establish to what extent interviewees are motivated by intrinsic factors in order to compare with the extrinsic factor of motivation. If candidates are more motivated by intrinsic factors such as praise and recognition then they may be less motivated by financial payments. Question eight asks whether the company values motivate the employee. This is an essential question in order to establish the difference between motivational factors in the public sector and the private sector. The final questions help to establish whether motivation changes with the length of services as some literature states that members may initially enter a career for remuneration factors but are motivated by different intrinsic factors once established in the role. Appendix 1s interview questions help to establish the extent to which motivation is influenced by remuneration, and evaluate the current strategies that are used for motivation (eg Maslow and Herzberg) for effectiveness. This will help to see if there are any other main factors in aiding motivation. To ensure that the interviews are consistent and structure, I will develop an interview schedule detailing the topics and questions to be covered (Appendix 1). This will ensure that I have no leading questions and will prevent interviewees from digressing from the topic area. It will help to add focus to the interviewer. Questions will be asked such as what makes you feel motivated at work using elements of theories to explain points and gain an insight into whether employees are motivated by extrinsic or intrinsic factors. A tape recorder will be used in order to collect the data whilst enabling eye contact and positive body language to be maintained with the interviewee. It is important that the method of recording does not alter the rapport I build with the interviewee as some methods can make the subject feel uncomfortable. Recording the interview will make data analysis easier as the interaction between researcher and interviewee can be recorded and analysed at a later date. (Dawson, 2006). I will however, have to ensure that equipment is operational as relying on technology can often result in mishaps. Interviewees may also become nervous of the tape recorder thus producing an emotional barrier. In order to overcome any potential problems with the methods of recording data I may take some notes of important topics and points drawn through research throughout the interview. This will produce a backup in case there are technical difficulties and data is omitted. Ensuring eye contact is kept with the interviewee is essential to keep them engaged and to prevent an interpersonal barrier. In order to conduct interviews, research candidates must be chosen. Sampling is required as it is unrealistic and impractical to interview all members of staff within the organisations that have agreed to participate in the study. The sample chosen needs to be large enough to create reliable results using the resources available and give a representation of all members of staff at that specific level in the hierarchy. In order to make a sample from the business population I will use a probability sampling method called stratified sampling. This will involve dividing the population (of the organisations) into groups based upon characteristics. The key characteristics of the employees I wish to interview are; they must be working on a permanent basis, at a non managerial level, working for remuneration. The advantage of stratified sampling is that it will ensure that results are representative of the people within the whole of the criteria population. Despite stratified sampling being used, resources do not allow us to interview all of the people that fit the sample criteria, as this would be 20 people within the private sector business and 32 within the public sector organisation. This uneven sample size would result in inaccurate data being retrieved. Sample sizes should be the same in order to make truthful comparisons. Simple random sampling could then be used in order to narrow down the interviewees further. This method means that each member of the current population has an equal chance of being chosen (Bryman and Bell, 2007). This can be used as employees within the remaining population already fit the characteristic required of the research project. All employees within the sample will be on the same level of the hierarchy and managers will not be included in the study in order to ensure that there is little sample error as peoples motivation may change as they are promoted up the hierarchy. Rapport is a type of relationship in which trust and mutual respect is built. During data collection it is argued that building a rapport is essential in order to encourage the interviewee to participate in the interview and feel relaxed to give quality answers (Bryman and Bell, 2007). Through conducting research, Toma (2000) found that rapport helped to give interview candidates more of an understanding of the question and enhanced the relevance and quality of answers. I will try to build rapport by delivering questions and avoiding the use of jargon so the research subject does not feel uneasy or intimidated by language used. I will also maintain eye contact and ensure that candidates know that the questions are for research purposes and will not affect their employment positions or be forwarded to managers or senior members of staff. Anthropologist Roslie Wax (1971) as cited in Marshall and Rossman (2011) highlighted the importance of establishing a relationship with the research study subjects and used methods to demonstrate flexibility and trust between researcher and interviewee. It is, however, possible to have too much rapport as well as too little (Seidman, 1998) in order to achieve accurate non bias results therefore I will try to strike a balance between these roles. Data Analysis Once data is collected, to effectively identify the extent to which remuneration has an impact on employee motivation and evaluate if current motivational strategies in literature are contributory factors to motivation in the workplace, the findings from data collection and research will be analyzed. Based on this analysis, conclusions can be made as to whether money is a motivator and recommendations can be made as to how to motivate employees to improve productivity and job satisfaction. It is important to have a planned strategy in place to analyze findings as leaving all the data collected to the end will make analysis more difficult as it can be over facing and the researcher may loose track of the themes and findings within each interview. Maxwell (2005) argues that an effective qualitative researcher will instigate data analysis after each interview. During this research process data analysis will be an ongoing method throughout both the data collection process and as a final assembly at the end of data collection. Analysis will not be left purely to content analysis after collection. In order to continually analyze the data collected, interview summary forms will be used for data analysis at the end of each interview (Appendix 2). Appendix 2, is based upon the model of Dawson (2006, p113). These forms help researchers gain a firmer understanding of the responses and aid knowledge when trying to draw on final conclusions. Heinrich (1984) used a similar method when conducting his research project on biological data. He analysed data on the same day as collection and believed that this helped to track progress and built up the data analysis through the collection. Analysis on interview summary forms from early interviews may result in topics and issues arising that were not foreseen. This will then allow the researcher to analyse this information and include it in the next subsequent interviews in order to receive the most in depth and relevant information possible. Qualitative data analysis is an individual process and different researchers may derive different conclusions from the same information (Dawson 2005, p.111). In order to ensure relevant information is analysed, content analysis will be used at the end of the data collection process. This will help to reflect on the interview summary forms and use the data collected in order to make sense of the information. In order to analyse the data, coding will be used. Coding is analysis through segmenting and reassembling of the data, aiming to transform the data into conclusions and understanding (Boeije 2009, p.94.). The initial stage in content analysis is gaining understanding of the documentation created (interview summary forms) and data collected. All documentation will be reread and the tape recorded interviews will be listened to in order to recap on the research conducted and gain a firm perceptive of the research data. The question, research problem and objectives should be reread in order to maintain focus on answering the research proposal and drawing relevant information. Through listening to the tape recordings and reading the documentation, notes can be made to draw out frequently occuring topics. This is the segmentation of the data (a concept within open coding) by looking for themes that derive from the interviews. I will highlight important topics and be aware of the frequency of words, phrases or incidents that the candidates discuss. The topics that are uncovered can then be used in comparison with current motivational theories such as Maslows Hierarchy of Needs and Herzbergs Two Factor Theory in order to see if our research shows a similar link between remuneration and motivation findings. The research findings may contradict or support a particular theory within literature and the research hopes to draw conclusions to clarify effective motivational factors. This is being conducted in order to overcome the conflicting literature. It is also important to check that the sample has achieved sufficient relevant research responses. If analysis doesnt uncover relevant responses to the aim of the research proposal then further sampling and research may need to be carried out. Uncovering themes or codes can then help to draw upon findings and aid in the effective analysis of data. Anticipated Problems There are problems and risks that can be anticipated when conducting research with people and within companies. Firstly, the research method must be correct. As we are using a semi structured interview, the disadvantages of this method need to be highlighted. The main disadvantage of this interview technique is the time that it takes to conduct and the data analysis. Data analysis can be difficult due to the extent of the responses within each interview question. Relevant information must be sifted out ensuring that no interviewer bias is added. This could also cause problems with the organisation as the opportunity costs of the time it takes to interview employees must be taken into account. Whilst employees are conducting the research interview, they are not carrying out their employment tasks and responsibilities which could cause friction between the employee, employer and the researcher. Displeasing the employer could have detrimental effects on the interview process as this could result in bias information or termination of the research project all together. This should be avoided by ensuring the employers are made fully aware of the intensions of the interview and that the interviews will be conducted as time efficiently as possible. A further concern would be that the organisations could influence employees answers by briefing them to ensure they do not reveal certain information about the company. This would also bias results and not capture employees in a comfortable position to open up. This will be avoided by choosing employees at random and ensuring that organisations are aware that the information found will not be publicized in order to scrutinize the brand or image of the business. The drawback of researching with private sector employees from one company and public sector employees from one organisation is that they may not be representative of the entire population of workers within each sector. If this surfaced as a problem, then one could increase the sample size to research further into different sizes and types of public and private sector businesses. The sample size needs to be large enough to get enough relevant data as the larger the sample, the more accurate the data is of the population. However, it is unrealistic to choose the whole population of private and public sector workers as there would be too much information which would then be difficult to code and analyse. The sample size needs to be manageable to prevent information over load and ensure that the topic is at the heart of the data found. This problem had been overcome by using a sample size of 10 employees within each organisation being researched. During the interview process, there will be a conscious effort to ensure that no barriers will impact on the reliability and validity of the findings. Physical barriers will be avoided by allowing the interviewee to have the interview conducted where they feel most comfortable. Psychological barriers will be avoided by ensuring that interviewees are not overloaded with information and jargon isnt used for they feel relaxed. Avoiding these barriers will aid effective communication and ensure that rapport is built between researcher and interview candidate. This rapport will help interviewees to open up and give detailed and accurate information on the personal topic of motivation. Ethical Considerations When conducting research with the public, ethical issues can often arise. There are many factors to take into account in order to ensure no harm is done to the organisation, the participants are employed by the organisation and myself as the researcher. Firstly, the research will be conducted overtly as all participants will be informed of the purpose of the research and no form of under cover observation will be conducted. I will ensure that all members of the participating sample give full consent to taking part and will provide a Code of Ethics in order to document how the information will be used, and how they will be protected. Privacy, confidentiality and anonymity is essential during this research proposal as it is preferred that the candidates feel at ease and open about their feelings on the subject. I believe that if participants feel that the information they