Global Art Market - 1608 Words

I. Global Art Market Overview 1. The Art World and The Art Market For the recent last decades, art market has become very popular with a boom in total sale revenue worldwide. People start to participate and pay attention to the art world more interactively and frequently. For example, art institutions have gained more admissions than ever before; museum visits surged globally and more people are willing to pursue an art-related career. Generally speaking, art world is broader than the art market. The art world is a overlapping subcultures held by a belief in art. They spread out globally but cluster in art capitals such as New York, London, Los Angeles, Berlin, and the emerging market such as Hong Kong, Beijing and Dubai. The market†¦show more content†¦The art market paradigms have been changing significantly over the last few decades. China, Russia, Middle East, Brazil, Africa has becoming the new emerging markets for the total increase number of participants and trades. Even though art is becoming more attractive to investors (some deal ers describe it as art real estate), the lack of market transparency, illiquidity and high trade costs have limited the participants and left the priorities to a few wealthy individuals and set up a high entry bar for new collectors. 2. Global Art Market Here we use some numbers developed by The European Fine Art Foundation (TEFAF) to describe the global art market: †¢ Slowing economic growth and continuing uncertainty in the global economy filtered down to the art market in 2012 with global sales contracting by 7% to $58.3 billion †¢ Economic dynamics and political uncertainties have produced volatility in many asset markets with safety issues and a premium on blue-chip stocks and low risk assets. The same art work will be repeatedly appear in the high-end market for the famous artists †¢ Post-War and Contemporary art was the largest fine art auction sector, with a 42% share by value and reaching $6.1 billion (which reached the highest level) †¢ The Modern art sector was the second largest with a 30% share of the fine art auction market. TheShow MoreRelatedThe Art Market Has Developed Through The Centuries From The Renaissance Essay720 Words   |  3 PagesThe art market has developed through the centuries from the patron commissioned economy. The art landscape is allocated on the reputable risk of attention and the purchasing power. Those who capitalize in this dicey financial arena are wealthy status symbol seekers, instead of monetary. Technology has progressed globalization, too. Galleries in countries, not thought of as art hubs, can now competing with the major global hubs in the art world. Total art sales are increasing every year, as the marketRead MoreGlobalization and the Art Market605 Words   |  3 PagesYoyo 1 Yonia Yoyo†¨ Professor Doyle Art 333 †¨ 20 September 2015 Globalization and the Art Market The expression globalization is universal and loose. In any case, it is important to consider what it implies for the craftsmanship market and the most extensive circle of aesthetic creation. According to Manfred B. Steger’s book, Globalization: A Very Short Introduction, the term globalization refers to the â€Å"expansion and intensification of social relations and consciousness across world-timeRead MoreThe Relationship Between Art And Commerce1261 Words   |  6 Pagesrelationship between art and commerce has been viewed as hierarchical. In this hierarchy of power, commerce dominates art and negatively influences artistic and creative potential of the art while art is viewed as a form of creative and cultural luxury that needs protection from external corruption. This argument has been brought up continually in academia, all similarly suggesting that there is something inherent in commerce and economics that undermines the purpose and authenticity of art. Whether thisRead MoreThe Value Of Art And Art1726 Words   |  7 PagesThe ownership of art in 2017 is typically brought up in discussions regarding works of art with seven to eight-digit price tags, owned by individuals with a net worth that can be described using nine to ten digits. However, popular opinion would probably agree that the person who has the single greatest appreciation for art is the art historian. Popular opinion would also be quick to agree that the art historian does not value a work of art in accordance with the market’s appraisal of a given pieceRead MorePersonal Statement For Risk Management722 Words   |  3 Pageshistory. The lack of discipline and accountability of these financial intermediaries impacted millions of people, eroding their life savings and forcing them into bankruptcy. The above event has had its influence on me and it is my earnest wish, as a global citizen, to put in place a healthier economy that limits the potential for another downfall. Hence, in the coming few years, I aspire to be a Vice President in the Risk Management department of an international investment bank like Goldman Sachs orRead MoreApplied Research Technology - Case Analysis936 Words   |  4 Pagesable to bring to the mini-oxidation system (in terms of design, functioning, sustainability and efficiency). Moreover he should underline the increased probability of success given by the first-mover advantage that is obtainable in the new specified market (U.S. regions with governmental restrictions for irrigation). Vyas knows that he’s facing a critical decision, but he’s confident that his project is going into the right direction and that is necessary to go forward for the survival of the divisionRead MoreForeign Language Requirement1173 Words   |  5 Pagesstate of foreign language instruction in schools across the country(Cal:Research). This is concerning as all of the competition for the U.S. is gaining a step and we re doing nothing . If the U.S. expects to continue to be competitive in the global market we need to have bilingual citizens. In order to ensure this, we must require a foreign language be learned in high school. To fully master a language by the end of high school, a student s education of it needs to begin in Kindergarten. StudiesRead MoreThe Boing and Mcdonnell Douglas Merger Case Study1280 Words   |  6 PagesDisputes The Boeing-McDonnell Douglas Merger As the two largest producers in the commercial aircraft industry, Boeing and Airbus have been in a long rivalry for over two decades. Because of its huge research and development cost and a volatile market demand situation, the large commercial aircraft industry has only a few viable producers that can successfully operate in this industry. At the end of 1996, there were three competitors in the industry – Airbus, Boeing, and McDonnell Douglas (MDC)Read MoreFailure and Fast Track Project619 Words   |  3 PagesCHRISTOPHER A. BARTLETT HEATHER BECKHAM APPLIED RESEARCH TECHNOLOGIES, INC.: GLOBAL INNOVATION`S CHALLENGES Applied research technologies (ART) are one of the technology world’s emerging giants consisting of a portfolio of 60 business units. In 2006 the total corporate revenue was $11 billion. One of its units is the filtration units which develop next generation of products and technologies. But after two high profile new product failure, the unit had lost confidence. By 2006, it wasRead MoreManaging the Global Supply Chain: Warehousing Essay669 Words   |  3 PagesManaging the Global Supply Chain Warehousing The use of traditional warehousing techniques is still prevalent in warehouses today. Picking and putting away products, followed by clipboard documentation worked well for many businesses though out the years and they have a hard time with embracing the change that technology and its efficiency would bring to their warehouse operations. Many warehouse operations are incorporating this change, â€Å"There is a move away from traditional warehousing with

Sleep Essay - 931 Words

In general, our results suggest that it is possible sleep over 9 hours as well as caffeine intake is a predictor of slower reaction times. In each category of individuals with caffeine, we see a slight increase in average PVT times. For example, we see in Figure 6 an average of 320 ms compared to the average in Figure 3, with caffeine consumption, of 312 ms. While each of the three categories of sleep suggest the finding that caffeine consumption decreased reaction times on average, the statistical analysis presented argues that the significance is not strong and can be seen in the recorded p values. Each of the obtained p values are above 0.05 and this means that based on our data the differences aren’t distinct enough. Looking at the†¦show more content†¦In an article by Mora-Rodrà ­guez and colleagues, we see that the ingestion of a moderate dose of caffeine counteracts the muscle contraction velocity declines observed in the morning, whereas evening caffeine inge stion not only has little effect on neuromuscular performance, but increases the rate of negative side-effects reported (Mora-Rodrà ­guez,2015). Because our study is across a wide range of lab times, it is likely that similarly we will see neuromuscular performance in reaction times to coincide with these findings. For instance, if an individual consumed caffeine in the morning just prior to completing the PVT test it is likely to have a greater neuromuscular performance effect on the reaction time than an individual that consumed caffeine at night and took the test the next morning. Future research with standardized caffeine consumption and timing should be considered to obtain more statistically reliable evidence. As discussed earlier the PVT test is a reliable tool to test psychomotor vigilance and sleep deprivation, but also necessary to consider is optimal duration and metrics of analysis. Due to their superior conceptual and statistical properties and high sensitivity to slee p deprivation, metrics involving response speed and lapses should be considered primary outcomes for the 10-min PVT. In contrast, PVT mean and median metrics, should be avoided as primary measures of alertness (Basner, 2011). This contemporary researchShow MoreRelatedSleep Journal Essay1745 Words   |  7 PagesJennifer Nguyen Professor Perry Daughtry Intro to Psychology 09-28-2012 Sleep Journal Essay College students like myself often put off sleep for other activities like studying, doing homework or even just staying up all night with a friend. Our body follows the twenty-four hour cycle of each day and night through a biological clock called the Circadian rhythm. On the weekdays, staying up all night and skipping meals makes it difficult to focus in class. After lunchtime, I become sleepy andRead MoreSleep Deprivation Essay1302 Words   |  6 PagesSleep is one of the most important things a person does each day. It allows the body to rest and to replenish itself so that it is better able to serve its function of living. Yet many people who dont have enough hours in the day to do everything have to cut out sleep before any other activity. This is especially true for teenagers, who most nights are frantically trying to finish writing essays and completing worksheets before the clock strikes twelve, or are busy participating in after schoolRead MoreThe Beauty of Sleep Essay109 2 Words   |  5 PagesSleep has two basic stages. There is non-REM, and REM sleep: Non-REM stands for non-rapid eye movement. NREM sleep has four stages. Each stage can last from five minutes to fifteen minutes. Stage one consists of alpha waves. Alpha waves are the normal electrical activity when the brain is unconscious or relaxed. In stage one, a person can be woken easily, and if they do get woken up, it would make the person feel as if they hadn’t slept. Also in this stage, you often get a falling sensation andRead MoreSleep Deprivation Essay3848 Words   |  16 PagesAbstract Sleep is one of our basic needs to survive, however in the modern days sleep deprivation in increasing more and more each day, causing accidents and medical problems for the people and the community. This essay will look at the meaning of sleep and sleep deprivation and the basic perspectives on what motivates sleep and sleep deprivation with the five perspectives; evolutionary, psychodynamic, behaviourist, cognitive and the hierarchy of needs. This essay will also evaluate the best perspectiveRead More The Neurophysiology of Sleep and Dreams Essay959 Words   |  4 Pagesof Sleep and Dreams The ancient Babylonians thought dreams were messages from supernatural beings, and that the good dreams came from gods and that bad dreams came from demons. (1) Since then people have sought many different explanations for the occurrence and importance of dreams. Before beginning to understand the function or significance of sleep and dreams, it is important to look at when, what, where, and how dreaming and sleeping occur. Adult humans sleep, or should sleep, forRead MoreThe Functions of Sleep Essay1096 Words   |  5 PagesFunctions of Sleep FUNCTIONS OF SLEEP: #61623; Sleep has not one main function but many. #61623; A most popular theory on why we sleep is the restorative theory of sleep: #61623; Restorative Theory: the theory of sleep that states that we sleep in order to replenish the processes of our minds and bodies that are depleted during the coarse of everyday life. #61623; Increases in low wave sleep correlate with increases in physical activity #61623; During REM sleep, proteins andRead MoreEssay on importance of sleep979 Words   |  4 PagesSleep is a physical and mental resting state in which a person becomes relatively inactive and unaware of the environment. In essence, sleep is a partial detachment from the world, where most external stimuli are blocked from the senses. Normal sleep is characterized by a general decrease in body temperature, blood pressure, breathing rate, and most other bodily functions. In contrast, the human brain never decreases inactivity. Studies have shown that the brain is as active during sleep as itRead MoreSleep Debt and Sleep Deprivation Essay822 Words   |  4 PagesWho Needs Sleep? People will die from from sleep deprivation before people die from food deprivation. It takes 2 weeks to starve, but only 10 days without sleep can kill people. Without sleep many of the people worldwide their daily functions will be taken away, such as remembering, retaining information and lastly you will be more prone to problem skin like acne. More than 78% of college and high school students pull all nighters at some point in their life in school. When pullin all nightersRead MoreSleep and Time Essay7064 Words   |  29 Pagesbe grounds for disciplinary action, including possible termination of employment. 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A Mutable Self Free Essays

Haley Wiedenman English 101 Brit Ashley 4/8/11 When reading â€Å"A Mutable Self†, by Mary Catherine Bateson, I am forced to analyze why I am myself. For several years I have stubbornly believed that I have become myself by myself alone and have not been influenced by the things and people around me. I didn’t want to admit that I am in fact tightly connected to people of my past and they have influenced who I am greatly. We will write a custom essay sample on A Mutable Self or any similar topic only for you Order Now Bateson makes it clear in her writing that â€Å"no one –fetus, child, or adult- is independent of the actions and imaginations of others. Though we have the power to alter ourselves, the fact that we do so because the influence of others proves that we can never break the connection of the people who we have been subject to, making us somewhat dependent of those around us. Bateson brings this subject to our attention to spread an awareness of how we come to be under the influence of others. Not only does she inform us of the ways of ourselves but also she enlightens the reader of cultures around the globe. Taking in this information has the potential to change readers view and allow them to have a greater understanding of the world around them. In opening this door Bateson is creating a continual awareness that will aid the reader in their daily life though the understanding of themselves and others. On the contrary to popular belief, Bateson has faith that â€Å"the self is learned, yet ironically it often becomes a barrier to learning. The way that I perceive this is that we often are so stubborn with the views of ourselves that we deny any opposing views given by others, which in turn blocks our access to further knowledge. Once we have an idea in our head about a certain thing, it is often difficult to persuade us otherwise. In the works of Bateson she writes a personal story about her visit to an Iranian kindergarten. In her visit the teacher allowed a period for drawing time to the students. At the end of there time the teacher went to each student, collected the drawing pencils , and threw away each of there creations. I come from a home where my first piece of art I brought home remains framed in our living room. So, to me, it is extremely sad that these children are not rewarded for their creative efforts. Instead of a high five and gold star on our artwork, these small children just watch as their masterpieces fall into a trashcan. The difference between Iranian culture and my own is huge. Though I am sure they have there own motives for their ways, I personally am glad I grew up in a home where I was praised for my hard work. Even though I enjoyed reading this essay, I do believe there are a few things Bateson could have done my successfully. Her writing is a bit repetitive, which I suppose is an effective way to make your point clear, however it can also make the reading a bit dull from time to time. Another item she could have improved on is her connection to the reader. Many of her examples where of other cultures, and while this may be extremely interesting, it does not relate to the most the people who will be reading this essay. It could have been more triumphant if Bateson would have both related to the common reader and added other cultural insight. Connections between the Essays: 1- The self is ever changing – pg. 252 What is the Self? pg. 272 A mutable Self 2- People and culture around you shape the self – pg. 261 What is the Self? pg. 269-270 A Mutable Self Questions 1- Can we disconnect ourselves from our family/community to become independent and find our true selves? (w/ out outside influence) 2- What effect does our childhood have on our lives? How to cite A Mutable Self, Papers

Budgetary Conditions in H R Management †Myassignmenthelp.Com

Question: What Is The Budgetary Conditions In Human Resource Management? Answer: Introducation Human resource management is an approach that allows business organisations in ensuring proper management of their workforce and optimise their performance using different functions, such as training and development, performance management, career development, etc. The rising market competition and the spread of globalisation has forced business organisations to rethink about the ways in which they can outperform their competitors. Business organisations are now heavily relying upon their human resources to help them in achieving market competencies because all other resources and processes can be easily replicated. Thus, business organisations are investing billions of dollars every year in the training and development of their human resources (Armstrong Taylor, 2014). Training and development Training and development is one of the most important core functions in human resource management. Training and development are specialised programs that are aimed at increasing the skills and technical competencies of the employees so that they can become competitive and can play a greater role in the achievement of organisational goals and objectives. Training and development is helpful in achieving individual as well as organisational objectives (Jehanzeb Bashir, 2013). This report is aimed at discussing the importance of training and development from a business point of view and how it can have an impact on organisational profitability. The report also discusses some future changes that the company can introduce with respect to its training and development strategies. Company background Abc Company Pvt. Ltd is a multinational company that is based in Australia and has foreign subsidiaries in India, China, Singapore and Vietnam. The company provides technical assistance and solutions to a number of multinational companies that are market leaders in their industries. The company has a total workforce of 115,000 employees who and operates 24/7 to provide technological solutions to its employees. Abc Company Pvt. Ltd. company is operating in a competitive industry as there are a number of established competitors in the market but has been able to penetrate the market by competing with such companies on the basis of cost. To ensure quality services to its client, the company has to ensure that it designs and implements regular training and development programs for its employees. Furthermore, being in international business also makes it imperative for the company to design and implement expatriate programs, which would also require special training programs. The company has been losing its market share because of the decreasing employee performance and competencies. after a thorough analysis, the management has identified that its decreasing focus towards training and development programs has been a prime reason for the decrease in market share. Impact of training and development on organisational profitability Training and development are highly beneficial for the employers as well as for the employees. Though training and development programs might require a lot of investment from an employers point of view but the return on investment is way more than what an employer might be investing in a training or development program. Training and development can have a huge impact on an organisations profitability, directly as well as indirectly. The impact of training and development programs on the profitability of an organisation are discussed below: First of all, and most importantly, training and development programs can have a huge impact on the employee performance levels. Training and development programs can affect behaviour of employees by teaching them new skills and competencies, which can enable them to perform their job roles and duties in a more effective manner and perform better on the overall. With an increase in the employee performance levels, business organisations become more productive and can increase their sales and market competitiveness, which would ultimately have a direct impact on the profitability of a company (Gill, 2014). American Society for Training and Development concluded through one of its research that an organisation that spent $1,575 on an average on employee training and development was able to achieve a 24 percent increase in gross profits while the increase in revenue was estimated at 218 percent (Jehanzeb Bashir, 2013). Secondly, training and development programs can help an organisation in identifying people that have the potential to take up higher positions in the organisational hierarchy. By assessing the competencies of the employees, it can become easier for the organisations to prepare them for the future and strengthen their workforce planning. Efficient workforce planning will also help the company in saving recruitment and selection costs, which it would otherwise have to incur in case it carries out frequent recruitment and selection programs and ultimately help the organisation is becoming more profitable (Chopra, 2015). Thirdly, training and development programs can offer growth opportunities to employees which can have a positive impact on their morale, motivation, job satisfaction, job commitment and organisational commitment level. When employees feel engaged and are more committed to their work, they show less absenteeism and tendency to quit. Business organisations are ultimately able to control their employee turnover rates and retain employees by offering them training and development programs, which ultimately helps them in saving important resources that would otherwise go in vain if employee turnover rates rise. Further, an organisation that offers regular training and development programs and is always ready to invest in employee learning programs is always able to foster a positive image in the market as an employer. Such organisations can easily become employers of choice and attract talented employees to work with them. Thus, training and development programs can increase the profitabi lity of an organisation by increasing employee retention, organisational commitment, attracting talented pool of employees and reducing employee turnover ratios. Fourthly, training and development programs can help business organisations in keeping their employees competitive and making them learn new skills and competencies that they can use in their work. A competitive workforce will always show high engagement in their work and will always be designing innovative products and services that will help their companies in grabbing a greater market share and outperforming their competitors. Thus, training and developing employees can help a business organisation in becoming more profitable because of the ability to offer unique, innovative and higher quality products and services. Lastly, when employees regularly attend training and development programs, they become more competitive and efficient in performing their job duties and responsibilities. They start feeling that their organisations value them and they become more responsible towards the employer as well as towards the environment and the customers. As a result of an increase in the responsibility, the employees tend to make the work operations more lean and avoid unnecessary wastage of resources, which ultimately reduces the operational cost and helps their employer in becoming more profitable (McNamara, n.d.). Budgetary conditions in human resource management A budget is a systematic approach towards the allocation of financial resources to various departments and operations of a business. Allocation of adequate financial resources to various functions and practices is one of the most difficult tasks that human resource managers have to do. In such a competitive business era, some organisations believe that investing too much into human resource management practices is a waste of financial resources whereas some organisations believe that investing into the management of human resources is the best form of investment. Human resource managers have to plan the budget for human resource management in such a way that there is neither a shortage of funds nor there is wastage of precious and limited resources. To ensure optimum allocation of financial resources, human resource managers should try to link the budget of human resource management to the corporate strategy. Linking the two will provide a better view of strategic goals to the managers. There are multiple human resource management practices where an organisation can invest its resources but its important for the human resource managers to allocate the right amount of resources to the right practices and functions so that the important human resource practices can be executed efficiently. Some practices to which the human resource managers should allocate the maximum resources are: Training and development it has been found that investing into employee training and development programs is one of the best ways to become more competitive and profitable. Training and development can have a number of benefits for business organisations and can help in increasing a companys profitability, which has also been discussed above. Therefore, it is important that the budget for training and development is kept relatively higher than all other human resource functions because it can have benefits for the employees as well as for the employers (Duggan, n.d.). Performance incentives Rather than allocating high budgets to miscellaneous activities, human resource managers should allocate more resources to performance incentives that are awarded to the employees for the performance level that they are able to demonstrate in an assessment period. Allocating more budget to performance incentives, benefits and employee welfare activities will allow managers to ensure high engagement and motivation levels amongst the employees, which will ultimately provide a high return on investment to the investors and the stakeholders (Andersen, 2000). Workforce planning workforce planning or succession planning is another area where the human resource managers should consider investing more resources because efficient workforce planning can save a lot of resources due to better supply of human resource personnel to ensure continuous business operations. The other important human resource management practices where the human resource managers can allocate the remaining resources are performance management, career development, compensations, recruitment and selection, employee relations, etc. Change plan for ABC Company Pvt. Ltd ABC Company Pvt. Ltd. has been able to penetrate the market efficiently but its inability to focus on employee training and development programs is resulting in a decrease in the companys market share. The management of the company should start focusing more on employee learning programs and allocate more resources to it so that the employees can become more competitive. An increase in the training and development budget will allow the company to design and implement better employee learning programs at regular intervals, which will have benefits for the employees as well as for the employers. To ensure maximum effectiveness of the training and development programs, the company should also ensure that it is able to identify the right training needs of the employees. The management of ABC Company Pvt. Ltd. can use a performance management system and an employee feedback survey to assess the skills that are lacking in the workforce. By implementing a performance management system, the management can monitor and analyse the performance of individuals, departments and the organisation on the whole, which can be used to identify the areas where they lack efficiencies. Further, the management can also make use of anonymous employee feedback surveys where it can ask its employees multiple questions aimed at gaining knowledge about their training needs. By keeping the surveys anonymous, the management will be able to increase the reliability of the feedback because the employees will not hesitate in providing the right information through an anonymous feedback. Conclusion Training and development is one of the most important core function of human resource management. It can not only have multiple benefits for the employees but can also help the employers in a number of ways. An organisation that fails to design and implement training and development programs for its workforce can never survive the market competition in the long run and will ultimately end up losing its market share to the competitors. Therefore, it is important for ABC Company Pvt. Ltd. to carefully analyse the training and development needs of its workforce and implement employee learning programs that would help the workforce in achieving the lacking skills and competencies. Thus, the company will be able to regain its competitive edge and will also become more profitable and efficient References Armstrong, M. Taylor, S., 2014. Armstrong's Handbook of Human Resource Management Practice. s.l.:Kogan Page Publishers. Jehanzeb, K. Bashir, D. N. A., 2013. Training and Development Program and its Benefits to Employee and Organization: A Conceptual Study. European Journal of Business and Management , 5(2) Gill, A., 2014. The Top 10 Benefits Of Ongoing Staff Training And Development. [Online] Available at: https://www.saxonsgroup.com.au/blog/human-resources/top-10-benefits-of-ongoing-staff-training-development/[Accessed 16 May 2017]. McNamara, C., n.d. Employee Training and Development: Reasons and Benefits. [Online] Available at: https://managementhelp.org/training/basics/reasons-for-training.htm [Accessed 16 May 2017]. Duggan, T., n.d. Importance of a Training Budget in Organizations. [Online] Available at: https://yourbusiness.azcentral.com/importance-training-budget-organizations-1364.html[Accessed 16 May 2017]. Andersen, A., 2000. Best Practices: Developing Budgets. [Online] Available at: https://www.inc.com/articles/2000/01/16379.html[Accessed 16 May 2017]. Chopra, B., 2015. Importance of training and development in an organization. [Online] Available at: https://economictimes.indiatimes.com/small-biz/hr-leadership/people/importance-of-training-and-development-in-an-organization/articleshow/48739569.cms?intenttarget=no [Accessed 16 May 2017].