Schrenker Faked Death to Escape Financial Trouble

Wealthy business owner and money manager Marcus Schrenker made headlines in January 2009, when he attempted to escape the consequences of frauding investors by parachuting out of his small one-engine prop plane in an attempt to fake his death. At one time, Marcus Schrenker had everything. He owned three investment consulting firms, lived with his wife and children in the exclusive Indianapolis suburb of Geist, in a $3 million dollar waterfront home that had a dock and a large swimming pool. Flying was a hobby of his and he owned two aircraft which he used to go on lavish vacations. But in January 2009, it all came crashing down. Idyllic Life on the Outside Marcus Schrenker was born on November 22, 1970.   He grew up in Merrillville, Indiana which is located in the Chicago metropolitan area. In 1989 Schrenker graduated from Merrillville High School, and then went to college at Purdue University. It was at Purdue that he met (former wife) Michelle, married and together they had three children together. As idyllic as the Schrenkers life appeared, there was also a dark side that those who lived with Marcus or around him were very aware of to the point of feeling discomfort when he was around. Schrenker would go from being friendly and charismatic to angry, unreasonable and combative. And, according to his neighbor Tom Britt in an interview with abcnews.go.com, episodes of this type of erratic behavior became more frequent as he grew older. Diagnosed with bipolar disorder, Schrenker did what many with this disorder do, he would often stop taking his medication, and Michelle, their children, and investors would end up paying the price. Savvy Financial Investor Turned Crook Schrenker owned three financial companies: Heritage Wealth Management, Heritage Insurance Services, and Icon Wealth Management.   His wife Michelle was paid $11,600 as the chief financial officer of the three companies and bookkeeper. She was also on the bank account of Heritage Insurance Services, which gave her the authority to write checks and withdraw money. But in 2008 Schrenker was under investigation in Indiana after several complaints were lodged by some of his investors, upset with how he was handling their money. Friends, the parents of friends and neighbors were among the investors that filed complaints. Michelle had also filed for divorce on December 20, 2008, after learning of her husbands infidelities with a woman who worked at the airport. Investors Supported Lavish Lifestyle Unknown to Schrenker, he had been under investigation for 10 years for various lawsuits that had been filed against him. Then on December 31, 2008, state investigators armed with a search warrant, seized computers, several plastic tubs filled with paperwork, the Schrenkers passports, over $6,000 in cash, and the title to a Lexus, from the Schrenkers home. On January 6, 2009, Schrenker was charged with unlawful acts by a compensated adviser and unlawful transaction by an investment adviser. Bail was set at $4 million.   According to Jim Atterholt, who was the State Insurance Commissioner, Schrenker charged investors exorbitant surrender charges after he moved them out of one annuity and into another. The investors were not told in advance about the fees.   Three days later, on January 9, Schrenkers company Heritage Wealth Management Inc. was issued a $533,500 judgment after a federal court in Maryland ruled in favor of OM Financial Life Insurance Co. The lawsuit contended that Heritage Wealth Management was involved in insurance irregularities and should have returned commissions of more than $230,000. Plane Crash   On Sunday, January 11, 2009, Schrenker flew off from an airfield in Anderson, Indiana in his single-engine Piper. He listed his destination as Destin, Florida. As he neared Birmingham, Alabama, he put out a fake mayday signal and told air traffic controllers that he had been badly injured and was bleeding profusely after the windshield of the plane imploded.Afterward, he put the plane on autopilot and parachuted out. Military jets attempting to intercept the plane reported that the door of the plane was opened, and the cockpit was dark and appeared empty. The jets followed the unmanned plane which crashed over 200 miles later in a swamp in Santa Rosa County, Florida, around 50 yards from a residential area.   After the crash, the plane was found somewhat intact. Investigators searched the plane and reported that there was no blood inside of it and the windshield was completely intact. Authorities put out a warrant for Schrenker arrest. On the Run Schrenker plan was to fake his death and make a run for it. On January 10, the day before he parachuted out of his plane, he drove to Harpersville, Alabama and stashed a motorcycle, money and other supplies in a storage facility. He informed the owner of the facility that he would return Monday. Once Schrenker parachuted to the ground, he made it to Childersburg, Alabama, where at 2:30 a.m. he asked for help from a private resident. He told the resident that he had been in a canoeing accident. He was given a ride to the nearest town and went to the local police station.   He gave the police the same story about being in a canoe accident, and after producing his (surprisingly) real identification, the police drove him to a hotel where he registered under a fake name and paid cash for the room. The following morning, after hearing about the plane crash and that Schrenker was on the run, the police returned to the hotel, but he was gone. Schrenker managed to walk undetected to Harpersville and retrieved his motorcycle then rode it a KOA Campground in Quincy, Florida. There he bought a tent site for one night, wood, a six-pack of Bud Light Lime and was given access to the campgrounds wireless access. Embarrassed and Scared On January 12, Schrenker emailed his friend, Tom Britt, and wrote that the crash was a misunderstanding and that he was too embarrassed and scared to return home, so instead checked into the hotel. He went on to say that he would soon be dead.   On the same day, a Hamilton County Superior Court judge froze both Marcus and Michelles assets. Capture The campground owners were contacted by the sheriff, who wanted to know if there was anything unusual going on there. They told the sheriff about the man who had checked in the previous day but had not checked out.  Soon afterward, U.S. marshals swarmed the campground and found Schrenker, barely conscious and incoherent, lying inside the tent. He had lost a lot of blood from a self-inflicted cut on his wrist and an area near his elbow. He was flown to Tallahassee Memorial Hospital. On January 13, Schrenker was arrested and charged in federal court in Pensacola, Florida, with deliberately crashing his plane and making a fake distress call.   Trials and Sentencing February 5, 2009A man in Dothan, Alabama was granted $12 million after an Alabama judge ruled in his favor that Schrenker had sold him a defective airplane. June 5, 2009  Schrenker pleaded guilty to intentionally crashing his plane as a way to escape his mounting financial and legal problems. He was sentenced two months later to four years and three months in prison, $34,000 in restitution to the Coast Guard for its search and rescue efforts and $871,000 in restitution to Harley-Davidson, the lienholder of the plane. Schrenker later pleaded guilty to three counts of securities fraud and two counts of working as an investment banker without being registered. He was given a 10-year prison sentence to run consecutively with the previous sentence for the fake plane crash, and he also had to pay $633,781 in restitution. Six Years Later Schrenker was released from prison on September 18, 2015.

Personal Experience Writing a Poem - 986 Words

Before English 1102, I thought writing was a waste of ink. I liked reading other people’s works but I disliked writing the stories myself. I was never good at explaining my ideas clearly and organizing the main ideas for the reader. Also having coherence between and within paragraphs was a struggle. However, as I wrote three unique essays throughout this semester, I realized that writing was a work in progress. It required deeper understanding of the text and the ability to interpret it in my own words by forming a defensive argument. It took time and effort but the final paper was worth it. It showed how I have grown as a writer. Even though I still have many other writing elements to improve on, my organization and coherence in my papers have developed the most. In the first week of English 1102, my professor revealed the Paper 1 prompt. The assignment was straightforward but the word â€Å"poem† worried me. Poems and I never had a good relationship. 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Lies My Teacher Told Me Book Report Essay Example For Students

Lies My Teacher Told Me Book Report Essay James Loewen wrote the book Lies My Teacher Told ME to help the students of the United States become aware of their true history. This book attempts to show how and why American history has been taught the way it has without regard for the truth. Mr. Loewen had compared twelve different history textbooks they are: The Great Republic, The American Way, Land of Promise, Rise of the American Nation, Challenge of Freedom, American Adventures, Discovering American History, The American Tradition, Life and Liberty, The United States A History of the Republic, Triumph of the American Nation and The American Pageant. Loewen has argued his cases for Heroification, Euorcentrism and the first settlers, and Racism in our history. He has done this knowing fully that most people do not want to know the harsh realities of our nations past. The United States has tried to maintain a positive image throughout history. Unfortunately, it has many skeletons in its closet that need to come out to heal thi s great nation on many levels. If the public at large new the real role of racism in our nations infancy and how men tried to pursue their way of thinking as opposed to what is good for the country they would be ashamed at what the United States has stood for in the past. Heroification is a degenerative process that makes people into heroes regardless of any type of character flaw they may possess. It appears that Mr. Loewens greatest concern about heroification does not revolve around who gets chosen for the history books but what actually happens to them after they do. He cites two examples of people that had led colored lives but in our textbooks show them as people we should strive to become like. These two people are Helen Keller and President Woodrow Wilson. (Lies19) Mr. Loewen feels that heroification has distorted the lives of Keller and Wilson and that we can no longer think straight about them. He does not just think this of these two but many other people throughout history. When it comes to Keller we think of someone who, throughout her entire life has struggled to overcome her disabilities. I feel that no one would dispute this but in reality Miss Keller was a radical Socialist for most of her life. This in itself is not so bad but her co ndemnation of the country into which she was born to and lived in could be considered treasonous. (Lies20) President Wilson is also an example Loewen used in his book Lies My Teacher Told Me. Current textbooks say that Wilson led the United States reluctantly into World War 1 and associate him with helping progressive causes. (Lies22) Under his administration Wilson intervened in Latin America more often than at any other time in our history. He also led us into an Unknown War (Robert Maddock) that not even one of the twelve textbooks Loewen reviewed mentions. (Lies24) Racial problems also plagued Wilson throughout his Presidency abusing power as Chief Executive he segregated the Federal Government. He appointed whites to offices that were traditionally reserved for black Americans. Also during his second term in office a wave of antiblack race riots swept the country and many blacks had lost their lives. Again these are only two examples amongst countless others which show how the textbooks do not show flaws in historical figures but heroifies them. Euorcentrism is a term that is used in this book to describe how history has been written with its influence mainly from Europe or a European perspective. This unfortunately bases the way history is written and taught for example, textbooks use Christopher Columbus and 1492 as the day the Americas were discovered and by whom. Quite to the contrary the Vikings had landed in North America in approximately 1005 AD, but have been neglected when it comes to being given credit for the discovery. (Lies43) The real catcher to all of this is that the Americas had been inhabited during all of this by Native Indians who supposedly lived here for thousands of years prior to its discovery. (Lies70) One of the big questions that the book tries to answer was why Columbus had been given the credit for the discovery and why the Americas became a place to colonize. The book goes on telling that Columbus is a man of renowned coverage and adventures portrayed in the textbooks. Does this represent a true Columbus or is it a way of heroifying the man to teach all students that yes, you too can do wondrous feats. Giving students the reinforcement needed to be confident is great but is it worth it? Mr. Loewen expresses that it is not. Students and the public at large need to know that failure and character flaws exist in all of us. He also feels that every nationality needs and deserves credit in shaping this nation and not only the Europeans. Regardless of their contributions we also need to remember that the Americas were an inhabited land prior to its discovery and whose people were exploited and exterminated. .ue224905e07e2f857897e0bd8d5e9f648 , .ue224905e07e2f857897e0bd8d5e9f648 .postImageUrl , .ue224905e07e2f857897e0bd8d5e9f648 .centered-text-area { min-height: 80px; position: relative; } .ue224905e07e2f857897e0bd8d5e9f648 , .ue224905e07e2f857897e0bd8d5e9f648:hover , .ue224905e07e2f857897e0bd8d5e9f648:visited , .ue224905e07e2f857897e0bd8d5e9f648:active { border:0!important; } .ue224905e07e2f857897e0bd8d5e9f648 .clearfix:after { content: ""; display: table; clear: both; } .ue224905e07e2f857897e0bd8d5e9f648 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .ue224905e07e2f857897e0bd8d5e9f648:active , .ue224905e07e2f857897e0bd8d5e9f648:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .ue224905e07e2f857897e0bd8d5e9f648 .centered-text-area { width: 100%; position: relative ; } .ue224905e07e2f857897e0bd8d5e9f648 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .ue224905e07e2f857897e0bd8d5e9f648 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .ue224905e07e2f857897e0bd8d5e9f648 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .ue224905e07e2f857897e0bd8d5e9f648:hover .ctaButton { background-color: #34495E!important; } .ue224905e07e2f857897e0bd8d5e9f648 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .ue224905e07e2f857897e0bd8d5e9f648 .ue224905e07e2f857897e0bd8d5e9f648-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .ue224905e07e2f857897e0bd8d5e9f648:after { content: ""; display: block; clear: both; } READ: Space For The New Orthopedic Service Line Construction EssayAccording to Lies My Teacher Told Me racism has been in this country since the first non-native man set foot on the Americas. North America became a breeding ground for racist views and ideology. It all started with the exploitation of the Indians and hopefully ending with the blacks. The Indians were the first to be discriminated against, first by the Spanish then by the colonials. It all started with slavery then it escalated into slaughter and confiscation of their lands and back again to slavery. Slavery of course had been around prior to 1492 however, the new world seemed to nurture and propagate it. Even aft er slavery was abolished in the United States in 1865, the black man still had no rights as a 100% citizen. Even today blacks feel that racism is alive and well in America. In the late 19th and early 20th century blacks seem to have the hardest time being accepted by the white man as an equal regardless of their intellect or contribution to society. We have made progress in the latter part of the 20th century in the United States but much still needs to be done to stomp out racism against all peoples. Mr. Loewen in the chapter Why is history taught like this tries to convey various reasons why in fact history is taught this way in our schools. He vacillates between blaming and then exonerating the upper class with their superior (inferred) mentality in influencing authors and publishers for these types of textbooks. (Lies273-276) They may be part to blame in the influence on some subjects however the textbooks on the average are not chosen by these people but by committees who are p art of the countless school systems throughout this great nation. These committees who do chose which textbooks are used in their schools dont actually have the time to read the textbooks but rather they scan through them. This in turn is a major motivator for the publisher to have a book that is flashy and eye catching rather then a textbook that is true to history. Textbooks are also written on the attitudes and social conditions of the time of the author rather then accurate historical facts. (Lies293) Textbooks are being written this way and history is being taught this way to show people how they should act and strive to be. This relays to the student what is deemed acceptable to everyone and what is not. When it comes to a student remembering historical lessons they normally do not remember what is being taught to them unless they are moved by it. (Lies301) So what is the result to a society where our students are being taught this way? The number one result is that students d o not know the true history of their country nor do they remember what they were taught in class. This is a sad conclusion but Mr. Loewen feels it is an accurate one given responses to questions he has asked his students throughout the years. What can we do to change this and reeducate the people out there? Sadly I feel nothing can be done for those of us out there who are not truly aware of this misinformed way of teaching. But, our children need not be sheltered from our true history, rather they should learn all that has happened so we can prevent the atrocities from reoccurring again. (Lies My Teacher Told Me James Loewen)

Family Business Objective-Free-Samples for Students -Myassignment

Question: Discuss about the key Positive and Negatives influences, or the outcomes that result when a Family Controls any Busines. Answer: Introduction The assignment is based on a business unit in Singapore named Putri Mas Bridal and Beauty. The firm specialises in manufacturing beautiful modern wedding dresses for the bride and groom that are within a fixed budget. It has recently taken up the business of event management and is arranging weddings at a very low cost. The company was registered under the Singapore Marriage law in the year 2012 and is a family business. It has its office in one of the most happening areas of Singapore, at Changi road. The company has suffered a crisis situation in the recent past which was instrumental in restructuring the hierarchy of the business. The aim of the project is to find out the different problems related to a small family business and also the different strategies and decisions that were taken to revive the business. The researcher had met the objectives of the organization in a systematic way to attain the objectives of the report. Family Business Family Business can be specifically referred to the type of business that is established by an individual in a family or the family members and is totally controlled by the person or the group. The family business is not like the other businesses that have a number of shareholders. There are no shareholders or external source of capital which makes the company vulnerable to external threats and challenges its sustainability. Family Business usually possesses some special kind of resources: Human Capital: Human Capital is the primary resource of the business which involves the task division among the family members according to their ability and skills. The segregation of work among the members based on such factors help the business to attain success. Financial Capital: Finance is the heartthrob of any organization as without finance it would be hard for any organization to thrive in the market. The financial capital of family business is usually supplied from equity and personal financing from the different members of the family. A proper supply of finance helps the business to survive the extreme conditions of the market. Longevity capital: As mentioned earlier family business always has the fear of collapsing because of the absence of a proper backing from investors and shareholders of the market. The members of the family must be prompt enough to provide loans and emergency funds when the company faces crisis. Establishment of Social Network: Family business helps to establish social networks which promotes relationships outside the business and helps the associates of the business to acquire specific skills. Lower Managing Cost: Absence of typical costs like accounting, safety measures, and legal measures help these businesses to reduce the costs of managing the business. The trust present between the family members helps to delete these factors and leads them to the path to success. Bridal Small Firm Bridal firms are generally business firms that engage themselves in preparing bridal dresses and different accessories or gift items that are needed during a marriage ceremony. These organizations also arrange the bridal ceremony according to the wishes of their clients (De Visscher 2016). The researcher has specifically chosen Putri Mas Bridal and Beauty which is one of the latest such company in Singapore. The organization is different from the other companies as it is a family owned company. They provide their client with variety of services like Wedding gifts Decorations related to wedding Different cars for brides and grooms Printing wedding cards for the invitees Decorating and catering services Provides quality photography Arranging cultural functions and music Arranging theme based marriages Choice of Control A family business must have a strict control or else it would have a negative impact on the business. There can be problems and differences between the choices and decisions of the different family members that may disrupt the smooth running of the business (Almodvar et al. 2016). The mentioned company in this report has taken some steps to ensure full control of the organization. Experience: The entrepreneurs of the bridal company were selected in a proper way. The most common thing which was considered before selecting the family members was the experience of these members. The members who had an earlier experience of working for some other company were the most preferred (Ward 2016). The manager of Putri Mas explained in detail about the uses of such a selection. He explained that as their company was a family business it was essential to take the best experienced members who could provide best solutions and decisions to influence the growth of the country. Responsibility: The business must ensure that each and every family member must be held accountable for the decisions regarding the organization. The members must provide their own decisions and take responsibility of such decisions. This will be helpful for the organizations to form a compact business structure where every member will be treated equally. Discipline: Putri Mas has been able to experience success in the first few yew years because it has maintained a strict discipline in the office. The head of the family who is also the chief of the explained that the organization shows no leniency towards any of the family members and comes hard on people who breaks the rules. There are also different rules that must be followed by all those members of the organization starting from the chief executive to the youngest member of the business (Pukall and Calabr 2014). Termination: There are various cases where Putri Mas have expelled some influencing members of the family from the business due to misconduct and disciplinary measures. These decisions help to make the organization more stable and can make the organization survive in the long run (Daspit et al. 2016). Before starting the business, the members of Putri Mas carried out a detailed marketing research to make sure that their company can attain their objectives. PutriMas applied for a permit from the government of Singapore. The company also applied for a reseller license that is a must for businesses engaging themselves in bridal makeover and wedding ceremonies. The company obtained the permit in the year 2012 and thereafter started its business (Pukall and Calabr 2014). Two of the members in the family were MBAs who carried out a detailed research on the local market. The research was conducted to identify the different competitors in the market and their strategies (De Massis and Kotlar 2014). The research also provided a detailed analysis on the prospects of the bridal market of the country, the different problems that they might face while operating in the market. Detailed information on the statistics of the wedding industry was also obtained during this research. The members of the family assembled at their house and decided on an innovative marketing strategy to launch their business. The main aim of Putri Mas was to capture a healthy market share within a year to achieve reputation in the particular business sector. Putri Mas announced super cheap rates for the first fifty couples who would register themselves and also promised to offer quality bridal services at cheaper rates than the other existing organizations. Having a good supply of raw materials helped Putri Mas in its quest of achieving success in business. The different members of the family were allocated different tasks to arrange for raw materials that were needed for producing bridal costumes. The eldest member of the family with vast experience in event management struck deals with different organizations to arrange and plan marriage ceremonies (Dalpiaz et al. 2014). As mentioned in the beginning of the report the company has its corporate office in Changi road which is considered to be the busiest business centres of Singapore. Having the office in such a prime location of Singapore has helped the organization to attract more customers. Organizational Structures of Family Business An organizational structure involves the definition of the works and activities of the employees in an organization to meet its objectives. The organizational structure personally helps the employees to achieve their own objectives in life (Liu et al. 2015). The organizational structure in a family business can be segregated into different parts, Task division: Dividing the works of the members of the family according to their skills and abilities Coordination: Coordination involves the linkup of the works of the different members of the family so that the organization runs smoothly. Control: The members of the organization must be controlled efficiently so that no internal problems arise within the organization. Data Flow: All the information related to the business must be presented in an organized manner to all members of the organization. The continuous flow of information will help to maintain transparency. Putri Mas is a small scale business establishment engaged in bridal business. Though it is small in nature it faced huge difficulties during its incorporation and operation. Having a small organizational structure thus does not ensure less trouble. The mentioned organization in the following report faced a lot of difficulty while determining its organizational structure. The company decided to take a careful approach so that it can have the best organizational structure (Salvato et al. 2015). The model was fixed on the basis of the particular goals and aims of the business entity. There are a number of organizational structures that were considered to be used at the beginning of the business (Scholes et al. 2015). A simple structure reflecting the natural traits of a manger was considered where the organization would be engaged in maintaining a formal business structure. Apart from the formal structure a strictly personal structure was also considered to be incorporated in the busine ss which was based on only the manager or the head of the company decision (Benavides-Velasco et al. 2013). Putri Mas incorporated the positives of both the models in a hierarchal manner where the leadership and the decision making powers would be passed from one step to the other. The hierarchal process was perhaps one of the best processes to apply as the concerned entity was purely a family business (Cater and Young 2016). The company gained tremendous success after incorporating this particular structure in the business. Research shows that this was mainly because of some unique principles Decentralization: All the important plans and decisions regarding the organization have to be taken after consulting with all the members of the family engaged in the business. This starts from the chief of the organization and ends with the person holding the lowest rank in the hierarchical structure. The transparency of the organization can be maintained by doing so and also the company can make sure that the decisions were taken in majority confidence (Neubauer and Lank 2016). Parity Principle: The hierarchal structure provides the company with the best decision making process. Every member associated with the business has the power to instruct the work that has been undertaken (Leppaho et al. 2016). Absence of such a power in other structures is a serious problem because the companies will be unable to complete a particular project in a proper manner. Control Power: Putri Mas was initially successful in establishing a proper control over the members of the business but the death of the founding head led to the loss of such a control. Control power generally determines the ability of the management to control its juniors. The more efficient is the management the more is the control that they can establish. The efficiency is mainly because of the experience of their experience and also sometimes due to the capability of the juniors to quickly adapt themselves to the organizational needs (Zacca et al. 2015). Principle of Unity: The organizational structure of the bridal company as mentioned in the report has ensured that there are quite a lot of officers in charge to address the employees. Having more officers help the employees to perform much better as they are assigned different tasks at different intervals. Putri Mas has a set of six different managers in charge of looking after the employees of the organization (Walters 2016). Principle of Uniqueness: This principle helps the employees of the organization to work freely as they are free to discuss any of their problems related to work or any other problems that may hamper their work to the managers of the company. The managers or the members of the family in turn can discuss these issues in the meetings of the business. Putri Mas failed in its later stages because they struggled to answer the issues of the employees (Levenburg and Eshbach 2014). The organizational structure of Putri Mas gained popularity in the early days but failed to maintain consistency in the later stages. Lots of issues crept up after the death of the founder which shook the very foundation of the business. The issues have been discussed by the researcher in the next part that will follow. Problems that Arose as a Result of such a Control The structure of family business leads to a number of problems. A death of the founder member of the family, the chairman or the head of the organization can lead to a huge structural change within the organization (Ibrahim et al. 2015). Putri Mas has had the similar kind of problems in the recent past. The time when its founder member died the members tried to hand over the power to the next generation of entrepreneurs which was vehemently opposed by the daughters of the family as they found themselves to be neglected and thought that they might be denied of any further role or share of profit (Koeberle-Schmid et al. 2014). The organization failed to connect the strategy planning to the changes that may occur in the lifecycle of the organization like the death of the family members (Mathews and Blumentritt 2015). Development of the business in terms of strategy must be linked to planning process. In the case of the mentioned organization the son and the grandson of the family felt e motionally attached to the founder member of the business. The business has suffered for this reason as there was a lack of professional ideas and more importance was given to maintain traditional forms of business ideas as contemplated by the founding member (Ibrahim et al. 2015). The son and the grandson of the person thus feared to deviate from such ideas and declined the use of contemporary methods. The business slowly lost the plot in the market because of such a negative feeling. Putri Mas mainly suffered because of the inability of the company head to trust the other members of the family who are in the business. The initial success of the company made him overconfident and he started taking some key decisions all by himself without consulting the other members of the team. This made the other members frustrated and they started questioning on the future of the company. The typical behaviour of the head was because he considered the business to be a plant which was nurtured totally by him. After the death of the head the son found himself to be suddenly the owner of the company and he tried to list the total powers of the organization in his name which raised internal conflicts within the company. The unique problems that Putri Mas faced due to the organizational collapse were: Sudden death of the chief executive of the bridal company Frustration among the members for being neglected in making key decisions Differences with the women members of the organization Absence of a long term planning Aims and objectives of the organization were absent Dispute between the son and the grandson regarding taking up the reigns of the company Financial problems that arose after the death of the head of the business. The members of the business were reluctant to invest once again fearing neglect from the top management of the company Loss of market to other business units. Putri Mas lost its major market to some of the small and large players of the bridal industry as they took the advantage of the organizational failure of the concerned industry Asserting powers to the younger members of the family were a gamble as because some of the younger members made use of the power in wrong way. The company failed to arrange weddings properly because of the failure in its operational structure. The failure in a number of occasions attracted negative reviews from the clients and ultimately loss of reputation. The daughters in the organization opted for a buyout clause of the company. This was not acceptable to the other members of the organization because they wanted to continue the company. The company was also unable to cope up with the market pressure give its use of traditional technologies. Positive aspects of family control over business When a family runs any business together and shares a common vision that drives their strategies, it imparts meaning to their work and contributes to reinforcing commitment at the different levels of organisation (Schjoedt et al. 2013). This vision is important especially in the case of businesses owned by families as this is integral to not let the interest in ownership values decrease. A successful leader is one who is able to inspire the people to be committed to a common vision or target. However, there is little or no relationship between this quality to inspire commitment or the family climate and the success rate of the leaders of the subsequent generations (Nos et al. 2017). The success rate of any business is ultimately determined by three factors compassion, measure of the vision, and the general positive outlook. The present scenario is such that the maximum market share is occupied by family businesses; firms owned by families constitute the top positions in the list of the worlds largest companies. The main positive aspects of family-owned businesses are employee loyalty and the ability to maintain long-term relationships (Lee, Lee and Lin 2015). Putri Mas Bridal and Beauty has been in existence since 1986, and this has surely given rise to a generation of loyal workers who have stuck with the company through the years. Any family business will provide the family members with a number of advantages, namely the freedom of being independent and a sense of control. They are also providers of benefits like being flexible and prestigious, with pride for their community and a sense of creativity. The upside to family control over any business is that they are reportedly less bureaucratic, and they have a well-established network of trust because of the enduring relationships and they also impart training and an exposure quite early on for the next generation of the family members regarding the business. Similarly, the family members involved with Putri Mas have been flexible in the past, and they have had a sense of independence and freedom because of their association with the business. Problems faced by family businesses Every family business has faced their share of problems some time or the other. There can be accusations of nepotism, and some of the employees might feel that the family members are being given positions and jobs in the company simply because they are related to the owner; it becomes difficult for them to prove their efficiency and display their talents in a company that hires outsiders but is run by a family. Also, when the leadership changes from the previous to the next generation of owners, the employees might have problems in adjusting to that new leaders way of management and governance and might not even accept that person whole-heartedly. Family-owned businesses need to take extra measures to ensure that the workplace is a fair and just place so that none of the workers can feel that they are being partial to the family members (Aronoff, Astrachan and Ward, 2016). There should be a clear demarcation between the personal and professional lives of the family members. It is important that the leader is impartial when making decisions and therefore he or she should choose to ignore the personal differences and go ahead with the daily operations without letting any such issue interfere with the running of their business. When there were disputes among the younger generations of the Putri Mas owners, it gave rise to a number of conflicts which were difficult to be isolated from their personal lives as well. Every family-owned business has many generations of workers, and due to the generation gaps, their theories and ideologies might just be vastly different. The older members are usually very passionate about their company and therefore might be disapproving of the newer and more productive work policies that the younger generations might want to implement. This in turn gives rise to disputes and can hamper the smooth functioning of the company. Moreover, the newer members might want to move on to other jobs and try new prospects, but most of the time that becomes impossible for them, as they are pressurized to live up to the expectations of their elders and help to continue the family legacy (Priem and Alfano 2016). The newer members of the Putri Mas family have much improved and innovative techniques for the betterment of the company, but the presence of a stubborn leader figure will always bar them from implementing those changes. The pressure to not let the business crumble down to the ground is also very high; this is because there is no guarantee that a well-established business would not face any hindrances or be weighed down by any obstacle in the near future. The newer generations of leaders are often at a loss of decisions regarding what to do since they are conflicted because of the dilemma of having to choose between running the business the old way and implementing changes to ensure improved returns. Critical analysis of the pros and cons of family owned businesses Like every other thing, a family-owned business has its own set of pros and cons as well. The boundary between business and family is relatively unclear; they are in other words, unusual business entities even though they are among the most primitive forms of businesses or organisations. Most of the successful businesses in the world are owned by families, and are characterized by a strong sense of responsibility towards the employees who often get treated like the members of an extended family and their commitment towards quality. The pros to a family business are many. They instil the members with pride and infuse them with a sense of prestige and creativity. The mode of contact with the management is much easier and on a highly personalized level. Also, the members of the family are trained accordingly from a very young age, and this moulds their character and personality. There are many downsides to family businesses as well. With the pros come the many cons or challenges; they are always under the scrutiny of the press at all times, and therefore come under a lot of criticism when the issue of succession comes up. The glaring question of who would take up the reins of the business after the preceding leader often attracts a lot of attention, along with the issues of sibling relationships and rivalries, and identity development. The main problem that arises in succession is when the older generations do not allow the younger succeeding generation to grow and groom themselves effectively, and it so often happens that the business relationship between the members of the family worsens because of difficulties in communication within the immediate family members. This kind of behaviour and miscommunication makes the involved members critical, judgemental and conservative, and they eventually do not support each other in their decisions (Business.com 2017) . Every family that owns a business typically has a set of values or principles and shared traditions which have firm roots in the history of the family. Whether the effects are negative or positive is solely dependent on the point of view of the person considering or researching about that particular business. There are thus both positive and negative influences of the family traditions and values and the perception is what attributes to them that quality. The world is ever-changing and if the family members can recognise that change and be adept at selecting the best line of action for maintenance of both the business and their traditional values, they will be able survive simply because this course of action enables the company to be prosperous and successful. This is because such an approach clears the pathway for change and progress, and understands the importance of not allowing even traditions and values stand in its way (Aronoff and Ward 2016). Also, traditions themselves chang e and evolve with the passage of time. The best situation as to when to restructure and change the familys traditions regarding the business is when it seems to endanger or be in conflict with the success of the business in the long run. There is solidarity as well; there is office politics involved in every company, and a similar situation can arise in the family as well (Pettigrew 2014). However, because the people involved are family, disputes are more likely to be solved quickly, and thus there is stability in the picture. The leaders also usually retain their positions for a longer period of time, till a natural life event such as sickness or death or a voluntary retirement results in a change in the leadership. The level of commitment is also high since the needs and the reputation of an entire family is on the line in such cases. Such dedication is hardly seen in case of companies that are not family firms, and such an attitude enables one to develop a better understanding of the concerned industry, their job and organisation. This also fosters stronger relationships with the customers and thus an improved scenario in their sales and marketing. When family members work together, there is little scope for the usage of the word no. This is because of the flexibility of the involved members, who are most of the time willing to take on different roles which may not be listed in their formal job description (Poza 2013). Family businesses usually have a long-term outlook; they usually think and act keeping in mind the bigger picture and the returns in the long term, while non-family companies are more focussed on meeting the targets of the next year or lesser. Family members working together are more likely to make sacrifices for the sake of the business, including in the financial sphere, to ensure that the business survives. There are negative aspects to a family business as well. There is a chance of conflicts all the time; fights that last for a long time can seriously make the business suffer and can even lead to the breaking up of the firm. The involvement of the family members can often make it difficult to resolve those disputes, and the endings may not be favourable at all. Issues related to governance and hierarchies are often seen as less serious issues when involved in a family business, and this can be detrimental to the working of the company in quite a serious manner. This is mainly because the level of trust is also high when a firm is owned by a family. As mentioned earlier, nepotism can also be a factor in the family businesses, and this can give rise to dissatisfaction among the employees who are not a part of the family (De Massis and Kotlar 2014). Lack of a structured succession plan is also a drawback; the leaders often do not recognise the fact that they might have to step down one d ay and hand over the reins of the business to someone younger and capable. Conclusion The survival rate for businesses owned by families is nothing impressive; there is often a lack of a common vision or goal, and the next generation of leaders might as well be weak, and these are the two primary reasons for the failure of family business firms. The pros and cons to establishing and running a family firm is many, and it is also no secret that most of the successful companies in this world are all owned and run by distinctive families. Putri Mas is no exception either; it has been there for almost two decades, and continues to be a successful organisation in the field of beauty and bridal-wear. There have been many conflicts in the family of this company, but they have overcome those difficulties and have stood strong and passed the test of time. They had started out small, but are now a well-known name among the people of Singapore. They are proof that family businesses, if run with the right attitude, are actually the most successful companies in the long run References Aronoff, C. and Ward, J., 2016.Family business values: How to assure a legacy of continuity and success. Springer. Aronoff, C., Astrachan, J. and Ward, J., 2016.Developing family business policies: Your guide to the future. Springer. Bee, C. and Neubaum, D.O., 2014. The role of cognitive appraisal and emotions of family members in the family business system.Journal of Family Business Strategy,5(3), pp.323-333. Benavides-Velasco, C.A., Quintana-Garca, C. and Guzmn-Parra, V.F., 2013. Trends in family business research.Small business economics,40(1), pp.41-57. Business.com. (2017).6 Challenges Family-Owned Business Face - business.com. [online] Available at: https://www.business.com/articles/6-challenges-every-family-owned-business-faces/ [Accessed 13 Jun. 2017]. Cater, J. and Young, M., 2016. Family Factors in Small Family Business Growth.Journal of Applied Management and Entrepreneurship,21(4), p.56. Chung, H.M., 2014. The role of family management and ownership on semi-globalization pattern of globalization: The case of family business groups.International Business Review,23(1), pp.260-271. Dalpiaz, E., Tracey, P. and Phillips, N., 2014. Succession narratives in family business: The case of Alessi.Entrepreneurship Theory and Practice,38(6), pp.1375-1394. Daspit, J.J., Holt, D.T., Chrisman, J.J. and Long, R.G., 2016. Examining family firm succession from a social exchange perspective: a multiphase,multistakeholder review.Family Business Review,29(1), pp.44-64. De Massis, A. and Kotlar, J., 2014. The case study method in family business research: Guidelines for qualitative scholarship.Journal of Family Business Strategy,5(1), pp.15-29. De Massis, A., Kotlar, J., Chua, J.H. and Chrisman, J.J., 2014. Ability and willingness as sufficiency conditions for family?oriented particularistic behavior: implications for theory and empirical studies.Journal of Small Business Management,52(2), pp.344-364. De Visscher, F.M., 2016.Financing transitions: Managing capital and liquidity in the family business. Springer. Gilding, M., Gregory, S. and Cosson, B., 2015. Motives and outcomes in family business succession planning.Entrepreneurship Theory and Practice,39(2), pp.299-312. Ibrahim, B., Dumas, C. and McGuire, J., 2015. Strategic decision making in small family firms: an empirical investigation.Journal of Small Business Strategy,12(1), pp.80-90. Koeberle-Schmid, A., Kenyon-Rouvinez, D. and Poza, E.J., 2014. A Family Constitution for Business-Owning FamiliesProcess and Document. InGovernance in Family Enterprises(pp. 222-243). Palgrave Macmillan UK. Lee, Y.J., Lee, I.C. and Lin, C.L., 2015. The Impact Of Employee Loyalty And Organizational Citizenship Behivaor On Organizational Performance: A Case Of Taiwan-Listed Family Business.International journal of information technology and business management,41(1), pp.8-25. Leppaho, T., Plakoyiannaki, E. and Dimitratos, P., 2016. The Case Study in Family Business: An Analysis of Current Research Practices and Recommendations.Family Business Review,29(2), pp.159-173. Levenburg, N.M. and Eshbach, L., 2014. Royal Beginnings: Supply Chain Decision Making in a Bridal Shop. Liu, C., Eubanks, D.L. and Chater, N., 2015. The weakness of strong ties: Sampling bias, social ties, and nepotism in family business succession.The Leadership Quarterly,26(3), pp.419-435. Lu, Y., Au, K., Peng, M.W. and Xu, E., 2013. Strategic management in private and family businesses. Malay Wedding Services. (2017).PutriMas Bridal Beauty Gallery. [online] Available at: https://malayweddingservices.com/putrimas-bridal-beauty-gallery/ [Accessed 13 Jun. 2017]. Mathews, T. and Blumentritt, T., 2015. A sequential choice model of family business succession.Small Business Economics,45(1), pp.15-37. Neubauer, F. and Lank, A.G., 2016.The family business: Its governance for sustainability. Springer. Nos, L., Korunka, C., Frank, H. and Danes, S.M., 2017. Decreasing the Effects of Relationship Conflict on Family Businesses The Moderating Role of Family Climate.Journal of Family Issues,38(1), pp.25-51. Pettigrew, A.M., 2014.The politics of organizational decision-making. Routledge. Poza, E.J., 2013.Family business. Cengage Learning. Priem, R.L. and Alfano, F., 2016. Setting new directions for the management discipline through family business research.Journal of Family Business Strategy,7(1), pp.58-62. Pukall, T.J. and Calabr, A., 2014. The internationalization of family firms: A critical review and integrative model.Family Business Review,27(2), pp.103-125. Salvato, C., Sharma, P. and Wright, M., 2015. From the Guest Editors: Learning Patterns and Approaches to Family Business Education Around the WorldIssues, Insights, and Research Agenda.Academy of Management Learning Education,14(3), pp.307-320. Sanglard, A., Carneiro, J., Baiocchi, A., Freitas, P. and Schiavo, M., 2014. The Marisol case: Challenges of international growth for a successful Brazilian designer apparel firm.Journal of Business Research,67(4), pp.576-581. Schjoedt, L., Monsen, E., Pearson, A., Barnett, T. and Chrisman, J.J., 2013. 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100 Amazing Topics for Your Strong Persuasive Essay

100 Amazing Topics for Your Strong Persuasive Essay 100 Great Topics for Your Persuasive Essay Often students are given the topic before starting their assignment. If you ask average scholars what they think about choosing a topic on their own, they would probably say that it’s associated with additional problems. In fact, choosing a topic on your own can be a great advantage if you have a correct understanding of how to do it right. If your teacher gives you a chance to decide on a topic independently, you can pick up the theme that is interesting and familiar to you. Moreover, you can check if there are enough free and available information sources for writing an essay before making your final choice. If you are given a task to write a persuasive essay and to choose its topic on your own, use this opportunity. It’s only enough to spend around 10-20 minutes to learn how to choose the topic correctly and our article is aimed at helping you with this. Why Students Write Argumentative Essays Instead of Persuasive Essays Before giving you a list of topics, we want to speak about the difference between argumentative and persuasive essays. The problem is that many students can’t tell these two types of essays apart and make a huge mistake writing an argumentative essay instead of the assigned persuasive paper. Both types have quite similar aims and it’s not easy to understand how they differ. We’ve found a definition that will make you see the features of the different types easier: Argumentative essay shows your point of view on a problem or a subject. Explaining something, you tell the reader that there are also other possible ideas about the topic, however, you choose the one you speak about due to some reasons. You explain your idea but you allow your reader to think differently and to decide whether to support your point of view or not. Persuasive essay also speaks about your point of view on a certain topic. However, this time you use the facts and statements to prove that your point of view is the correct one, the most practical or ethical one. Step by step, you have to show that different points of view are less logical. Your final aim is to make a reader support your idea. Understanding the difference between the two types, you can also see a clearer and more correct way of picking up a topic for your persuasive essay. 100 Topics for Your Excellent Persuasive Essay Working with the list of topics, you can choose a ready topic and start to work on it or to take it as an inspiring sample and to create a similar theme for your future essay. Topics for Elementary Scholars Is it allowed to have a wild-born animal as a pet? Is it better to be the only child or to grow up in a big family? If you found a home of a rare animal on your yard, would you give it to the laboratory or to the local zoo? Is having a superpower making you a better person? The best holiday of the year is Birthday/Christmas/New Year’s Eve. If the invisible potion is discovered, shall it be given to people unrestrictedly? A shop assistant/waiter/bus driver is the worst job in the world. Shall parents encourage their children to choose school/friends/bedroom decor independently? Shall we stay friendly with everyone? Shall having an expensive gadget influence the way others see us? Topics for High School Scholars Will the return of the death penalty scare criminals from committing a crime? Is it safe to allow people to change their names any time they want? Shall we pay attention at moral and personal qualities of a president? Is younger generation better adapted for positive changes in the world? Can fashion be harmful to society? Shall reach people pay extra taxes to help those who are poor? Is lowering the voting age is a good idea? How to reduce the level of crimes among high schools students? Shall privacy be violated for national security? Topics Connected to Education Existing disciplinary means are outdated to control modern teens. The modern way of holding exams and academic tests may be harmful to the development of creativity and critical thinking? Shall IT students be encouraged to create their own entertaining applications and video games? How to provide an equally high level of education for children in big cities and rural areas? Shall children with different types of disabilities study in separate classes? What is the most effective way to stop bullying among kids? Is it necessary to have a special uniform for teachers? Shall physical training lessons be held by professional sportsmen? Which measures can be taken to motivate students with lower marks? Can video games encourage students to use guns at school? Topics Connected to Technology and Scientific Progress How environmental protection can be improved on a local level? Can robots with artificial intellect replace humans completely? Shall fuel be replaced with alternative sources of energy? Is global warming a natural process that doesn’t depend on the activity of humans? What is the alternative for genetically modified food? Is terrorism the most common reason for the modern plane crash? The role of the human in the extinction of rare animals and plants. Is it ethical to restrict a number of children in a family in order to control the growth of the population? How soft drugs can be used in medicine? The ethical side of cloning animals. Topics Connected to Nature Are zoos helpful for protection of rare species of animals? Can hunting be ethical? London Zoo is one of the largest and the best zoos on a planet: do animals feel good there? Is there’s any reason to keep exotic animals as domestic pets? What is the best and most effective way to train domestic animals? Is it ok to breed different animals in order to create new species? Vegetarianism can’t be helpful for the animal world and nature. Is it immoral to wear natural leather? Is there a point of trying to return extinct animals like a mammoth? Why governmental method of nature protection can’t stop poaching? Topics Connected to Music and Arts How pirating music influences the economy of a country. Can fame of a music band or a singer bring more opportunities for development of the country they originate from? Some music types have almost no differences: why shall they be separated into different types? Can music be used in the process of rehabilitation of criminals and prisoners? Will decreasing the price of music apps and albums lead to decreasing pirating? Will ancient Chinese music be indicated as a different type of art? Will the kind of music for rehabilitation be chosen individually? How historical songs help us to understand certain moments of history? Can technologies replace artists and musicians? Music as a part of therapy for curing mental disorders. Topics Connected to Sports Shall the animal sport be banned? Is it ethical to advertise junk food, alcohol or cigarettes during sports events? Shall popular sportsmen control their behavior being a role model for teenagers? Is the popularity of extreme sports can be a dangerous trend? Shall the bullfighting be banned, even being a part of Spanish culture and an old tradition? Are genetics and an inborn talent more important than the hard work in reaching great results in sport? Is there point of creating sports teams that may include both male and female players? Shall different types of sports be separated into female and male sports? Shall sportsmen work not only with a coach but also with a psychologist to avoid serious depression and to achieve better results? Is it necessary to make anti-doping control more severe? Complicated Topics for Persuasive Essays Are those features of people that are called ‘negative’ natural and coincide with the inborn instincts? What shall be the main aim of sexual education at school? Which measures can be taken to make oil producers be more attentive to oil spills? Shall other countries answer the new US policy that may violate the rights of national minorities? Is the legislation that controls selling of guns effective? Is free internet real harm to the moral norms of society? Which changes are necessary to make the copyright laws more effective? Shall teenagers be given more legal rights like voting, buying alcohol, dealing with banks and businesses? How would the opening of borders influence the world’s economy? How the world would be different now in the case if the German army could win the Second World War? Topics Connected to Ethics and Morality How to make animal testing less unethical in a case it can’t be banned? Shall people be given a legal right to die or to suicide? How kids’ beauty contest can influence the development of psychological disorders among young children? Which conditions are necessary to make euthanasia not illegal? How can governments of developed countries stop using child labor in other countries? Is atheism dangerous for moral norms? How to reduce the number of unnecessary plastic operations that may harm one’s health? Shall college students be allowed to buy alcohol drinks? Shall college students be involved in voluntary work that is connected to their future profession? What can be an alternative way of controlling the number of illegal immigrants? Do cameras in public places help to reduce the number of crimes? Universal Topics for Persuasive Essay What is the most tolerant way to control the relationship between atheists and believers? Is it necessary to participate in war conflicts in Middle Eastern countries? The influence of ‘Sexual Revolution’ on modern art, music and idols. Why the tension between vegetarians and meat eaters is growing and how to control it? Which types of crimes shall lead to a death sentence? Shall students keep a special diet that helps their brain to work better? Would the portrait of Mona Lisa be the same popular if it’s painted by an unknown artist? Shall people change their attitude towards cheating and call it sexual freedom? Is the art for masses less important than the recognized elite masterpieces? Modern fashion trends make women feel worse and look less natural comparing to women of the past. Choosing an interesting topic is not as easy as it may look. You shall prefer those topics that may have several possible explanations and points of view. It’s always good to choose some controversial topics, however, in that case, you shall also have a clear and grounded position about it. It’s not always necessary to create the topic on your own. It’s ok to choose one of the topics that is presented in a list. Even if you choose a topic that has been discussed before, you can express different ideas about it and make your paper sound unique.

Post Communistic Countries essays

Post Communistic Countries essays During the last months of 1991 the Soviet empire simply disintegrated into its constituent republics and was finally given a decent burial on December 25. The economic situation in the former union grew more and more catastrophic, and ethnic tensions worsened. President Yeltsin of Russia stood forth as the most decisive leader of an extremely difficult transition era. This sudden collapse of a vast multinational empire and superpower was virtually unprecedented in world history. These cataclysmic events proved profoundly traumatic for the peoples of the former Soviet Union and for an anxious world. By 1990 the Soviet Union politically, economically and in national terms was an empire in crisis and turmoil. Gorbachev had sought unsuccessfully to lead a perilous transition from Brezhnev`s authoritarian, centralized system toward pluralism and market socialism. He had moved far beyond Khrushcev in encouraging a pitiless examination of previous Soviet policies and history, inducing many to question sharply the legitimacy of the Soviet regime. In the spring and summer of 1990, amid unredeemed promises of drastic economic change, political reform and national disintegration accelerated. With the Supreme Soviet Boris Yeltsin, favoring radical reform, helped organize a left-wing opposition to Gorbachev, supported on most issues by Andrei Sakharov. On April 23, Gorbachev met with Yeltsin and leaders of eight other republics at a dacha at Novo Ogarevo near Moscow. They agreed upon term of new union treaty that would create a loose federation in place of the old Soviet Union. In June, after a free and vigorous election campaign, Yeltsin was elected president of the Russian Republic on the first ballot, giving him, unlike Gorbachev, an undeniable popular mandate. Sigmund Krancberg: A Soviet Postmortem Krancberg argues that the grand failure of the Soviet ...

Case study Example | Topics and Well Written Essays - 1500 words - 6

Case Study Example It has become quite difficult for Karen to select or predict the right person for promotion since the performance of all these individuals are fluctuating in nature over the past period and there is also pressure from the upper management to select individuals based on different interests, non-compliance to which may lead severe consequences for the organization in terms of both internal and external aspects. Moreover, another quandary faced by Karen is that she is also emotionally attached to one manager i.e. Carmen whom she would like to promote based on her poor financial grounds. However, on the other hand, promoting either of the other two managers could lead to prove beneficial for her in the distant future. Therefore, Karen is facing a problem in selecting the right manager based on their different attributes such as performance, upper management pressure, emotional attachment and future benefits, all of which is making it very hard for her to select the right manager in an un biased manner and transparently. A prospective candidate for promotion, Carmen, a 34 years old African American having one child, had completed her graduation, in the lower half of the college class studied by her, from Northwest State. Her association with the company had been for four years and she was serving in the industry for eight years. Her performance had been quite average but she had very high energy level. It needs to be noted that she at times faced certain problems in managing her staff and moreover her child had a past history of medical issues, thus a pay hike would be quite accommodating in her case. Karen knew Carmen for a very short time but they seemed to get along very well. Furthermore, Karen once had to perform the role of a baby-sitter for Carmen’s daughter in an emergency scenario. With this concern, promoting Carmen may lead to a view that Karen is playing favoritism (Ashkanasy & Daus, 2002). In this