Andrew Jackson Indian Removal Act Essay - 1018 Words

Andrew Jackson was a General in The United States army, and the 7th president, throughout his presidency he experienced many struggles with the Native Americans like wars and land disputes. In the 1830s he wanted to end these conflicts so he put in place the Indian Removal Act of 1830. I believe Andrew Jackson rightly and correctly removed the Indians. Even though many Indians died along the way Jackson had a reason behind what he did and should not be to blamed for their deaths. One of Andrew Jackson’s reason behind the Indian Removal Act was so that the United States could achieve their goal of Manifest Destiny, which is the belief Americans had that God meant for their country to be expanded from east to west coast.†¦show more content†¦This was called the Treaty of Doaksville. Though the Chickasaws went without problems, the Seminole Indians did not. The Seminole tribe, which was originated in the Everglades area in Florida, did not want to leave, they staye d in their home and fought for their land. In 1835, after the Indian Removal Act was passed, the Seminoles started the Second Seminole War with the United States army. The battle went on until 1842 and ended with only a couple of hundred of Seminoles left. At this time the United States army said the Seminoles could stay. So even though they lost, it was still a moral victory for the tribe. (Mahone 1998) The Cherokee Indians on the other hand faced conflicts that were not like any of the above Indian tribes. They were the last tribe to fight for their land which was in the Appalachian Mountains. The Cherokees were basically became their own country. They had a developed Republican Government, and their own Constitution. They had many conflicts with America though. For example, they had the same land claimed as Georgia causing a big problem that ended up in the Supreme Court. In this case the judges could not decide who had claim of the disputed land. After this, Andrew Jackson persuaded a small group of the Cherokees to sign the Treaty of New Echota. This allowed the American Government ownership to the Cherokee territory, in return America gave them new land west of the Mississippi RiverShow MoreRelatedThe Indian Removal Act and Andrew Jackson Essay588 Words   |  3 PagesShort Term Essay The Indian Removal Act, inspired by Andrew Jackson; the 7th president of the US and the enhanced ambition for American settlers to find more land in the southwestern regions of North America. The Indian Removal Act enabled Jackson the power of negotiating removal treaties with Indian tribes east of the Mississippi. Among these tribes were: Cherokee, Creek, Choctaw, Chickasaws and Seminoles. Very few authenticated traits were signed. The Choctaws were the only tribe to agree withoutRead MoreLewis Cass And Andrew Jacksons The Cherokee Removal Act784 Words   |  4 PagesThe Cherokee Removal Act is believed to have been causation of prolonged engagement between the settlers of Georgia, Alabama, and parts of North and South Carolina up until 1836, when Andrew Jackson officially signed it into law. Andrew Jackson had a lot to say about the need for removal of natives and two main reasons why it has been such a lengthy procedure. Another man who also had something to say about the matter at hand was Lewis Cass who was Governor of the Michigan Territory from 1816-1831Read More Jacksonian Era: The Removal Policy Essay1177 Words   |  5 PagesAndrew Jackson, who was the 7th President of the United States, signed the Indian Removal Act in May 28th, 1832 and this policy granted Andrew Jackson the right to forcibly move the Native Americans to land west of the Mississippi. Even though â€Å"it is presumed that any explanation of Jackson’s purposes is an attempt to justify the mass killing of innocent people†¦Ã¢â‚¬  (Remini, 45) some would say his childhood affected him; seeing and hearing Indians Attacking places near his home. Or how he was the secondRead MoreThe Political Issues Of The Indian Removal Act Of 18301154 Words   |  5 PagesThe Political Issues of the Indian Removal Act of 1830 Former President Andrew Jackson was responsible for putting the Indian Removal Act of 1830 in place. It forcibly removed five civilized Native American tribes— Cherokee, Chickasaw, Choctaw, Creek, and Seminole—from the southern United States. The act would stay in effect until the end of the Second Seminole War in 1842. Native Americans’ feelings toward the United States government have changed from one of annoyance to disgust since being takenRead MoreThe Andrew Jackson s War On Against The U.s. Bank848 Words   |  4 PagesThe Purpose of this essay is to discuss the Andrew Jackson Administration. I will first talk about Jackson’s war on against the U.S. Bank. Second, I will talk about the Presidential election of 1824, 1828, and 1832. Third, I will talk about the Indian Removal Act as well as the Trail of Tears. Fourth, the ways in which Jackson expanded the power of the president. Fifth and final, the Nullification Crisis of 1832. The Bank of the United States was technically the second bank of the U.S. since theRead MoreAndrew Jackson And The Indian Removal Act Of Native Americans778 Words   |  4 PagesTyler Roush American Literature I Professor Wallace 06/29/17 Major Essay #2 The Cherokee Indians are one of the most well-known American Indian tribes here in the U.S. However, once the Europeans came to the new world and started to expand their territory, this did not bode well for them. Many tribes were enraged by the expansion into Native American lands. Even when the Europeans had promised that they would not encroach onto their lands. Gold was said to be on the lands of the Cherokee andRead MoreThe Removal Act Essay : Should We Act With Violence Or Just Have A Civil Conversation?1327 Words   |  6 PagesIRA DBE Indians Removal Act Essay Should we act with violence or just have a civil conversation? Do we rely on trust for the sake of ourselves and others or do we see the face of death every time we turn our backs on people with such uncertainty? The indians was one of the most horrific acts of history. The act/law was passed on May 28th, 1830 during the presidency of the 7th president of the United States, Andrew Jackson. Andrew Jackson came up with law that forced Indian Tribes such as theRead MoreThe Accomplishments Of The Presidents1145 Words   |  5 PagesOctober 2014 Historical Essay Three The presidents has always played a crucial role in American politics and are known for their roles in unifying the nation. They are glorified for their charisma and ability to lead, but even these brilliant men have lapses in their judgement. Andrew Jackson, who was president from 1829-1837, was a president of many firsts as he was the first frontier president, first to have a â€Å"kitchen cabinet†, and first to use a pocket veto. Jackson was later succeeded by hisRead MoreSouthern Expansion And Its Impact On The United States Essay1477 Words   |  6 Pagesand 1860. Examining southern history for these years shows how slave-grown cotton played a major factor in southern expansion, specifically through the issues of the Louisiana Purchase, soil erosion, the desires of yeoman farmers and planters, Indian removal, the interstate slave trade, the independence movement in Texas, the Mexican War, filibusters in Central America, and especially concerning relations between the sou thern and northern states. However, southern history shows us that while the growthRead MoreWas Andrew Jackson Democratic Essay1200 Words   |  5 PagesHow democratic was Andrew Jackson? Andrew Jackson was more democratic than not, due to his full support of the lower classes, his desire for new voting laws, and his veto of the banks. Although he was democratic in those ways, he also showed non-democratic qualities in his time in office, including events like the Native American Removal. Since he showed both qualities of a democrat, and a non-democrat, it is not easy to argue a certain side. Andrew Jackson himself, was once a man of the lower

Alcoholism A Family Affair Essay example - 873 Words

Growing up is a mandatory part of life. There are situations and circumstances that shape one’s future and impact one’s life. These events can be either positive or negative. One event that has a negative impact on a person’s life is alcoholism. It changes the very essence of the family. When one parent in a family is an alcoholic, counseling for the entire family is necessary because it provides understanding of the disease process, acceptance of the need for help, a chance to express emotions, and unification of the family. Overall, it focuses on putting the family back together as a unit. Before the family can begin to come together, it is important to understand what is tearing it apart. Doing this means understanding†¦show more content†¦In essence, the substance abuser must realize that their continued overuse of alcohol is directly related to â€Å"the familys progression along a continuum from stability to a loss of control over events relevant to the family, employment, child care, and general family functioning† (Van Wormer, 2008, p. 203). The level of help or counseling that is received is dependent upon the effects of the alcoholism. For families that have undergone domestic violence or physical abuse, then behavior’s couple therapy (BCT) may be an appropriate first step. According to Cunion, Noble and Ripley (2006), â€Å"the goals of BCT are to facilitate motivation to change drinking behaviors, to enhance self-efficacy for both the alcoholic mate and their spouse regarding their ability to change maladaptive behaviors, to incr ease positive reinforcement for abstinence, and to teach new cognitive and behavioral coping skills in the maintenance of treatment gains† (p. 177). Add to this therapy, the Alcohol Behavioral Couples Therapy (ABCT) approach, in which the spouse participates in all levels of treatment that include high-risk situations and coping mechanisms (Cunion, Noble and Ripley, 2006). Another approach to family therapy is family relationships are the focus as a result of deep-rooted drinking (Cunion, Noble and Ripley, 2006). Regardless of the type of therapy that is used, it provides the participants with a chance to acknowledge,Show MoreRelatedYou Can t Spell Alcoholic Without846 Words   |  4 Pageshis family. While the contents of Carver’s gloomy tale are revealed, we are enlightened to the effect of just how far Al has lost control of his life. He is so far gone that he is practically blinded by his depression and alcoholic dependencies, which brings his judgment into question as his life starts to spiral out of control. The main conflict of this short tale is made clear when Al decides that the only way to establish order in his life is to relinquish the responsibilities of the family dogRead More Alcohol Essay1434 Words   |  6 PagesWhat is alcoholism? 2. How do people become alcoholics? 3. What are the effects of alcoholism, on both the alcoholic and their family? 4. How do you diagnose alcoholism? 5. Is there a cure for alcoholics? 6. What is the treatment? What is Alcoholism? Alcohol ism can be defined as the dependency on alcohol; addiction to alcohol. It is a chronic disease, this disease called alcoholism is progressive and potentially fatal. â€Å" In 1966 the American Medical Association (AMA) declared Alcoholism a diseaseRead MoreAlcoholism : A Silent Killer1624 Words   |  7 Pageshome for me. Alcoholism is a silent killer in today’s society. Research proves that alcoholism effects the whole family from the inside out. Alcoholism within a family recreates unhealthy family roles in order to help adapt to living with an alcoholic. The alcoholic becomes the focal point in a family; which causes lasting effects. Alcoholism is a disease that destroy families when they are not appropriately addressed. This paper focuses on three points; 1) alcoholism recreates family roles, 2) TheRead MoreSocial Problems Of Alcoholism, Drug Addiction, And Mental Illness818 Words   |  4 Pagespresentations I believed to be the most intriguing were on the social prob lems of alcoholism, drug addiction, and mental illness. The first presentation was focused on how alcoholism can affect someones health, relationships, and lifestyle. S.C. interviewed a older women named Emily who had been affected by alcoholism through her family. Emily’s dad and two brothers were considered alcoholics. S.C. described that alcoholism may start at an early age and leads to psychological and physical dependenceRead MoreKatherine Moran. Health Psychology Research Review. May1197 Words   |  5 Pagesfunctions and the brain. Neuropsychology Review, 17(3), 239-257. PURPOSE: The purpose of this review article was to summarize the current research on the neurological effects of alcoholism on the frontal lobes, limbic system, and cerebellum in particular. The authors also examined factors including age, gender, health, and family history and how those might contribute to the effects observed in alcoholic patients. The review included studies done on current drinkers, both short- and long-term users, asRead MoreTeen Alcoholism Is Driven By Example1150 Words   |  5 PagesTeen Alcoholism is driven by example. a teen sees someone else drinking, for whatever reason, and they imitate them to either save he or she’s pride and be â€Å"cool† or use is as e remedy to try to feel better about a situation they are in or to numb an unpleasant emotion they do not know how to deal with. affects the physical state of a young person, but also one’s current situations and relationships, and the outcome of he or she’s futures. â€Å"People who begin drinking before age 15 are four timesRead MoreAn Analysis of Eberstadts Article Drunken Nation: Russias Depopulation Bomb664 Words   |  3 Pagesbombards the reader with a multitude of statistics to arrive at the conclusion that a culture shift and an inordinate amount of alcohol consumption are the main causes of Russias population declination (Eberstadt, 2009). Unfortunately, the makeup of the family in Russia has shifted from mom, dad, and several children to mom, one or two children, and maybe a dad (Eberstadt, 2009). Also troubling is the fact that an extremely high proportion of marriages now end in divorce (Eberstadt, 2009). According toRead MoreAlanon Family Groups976 Words   |  4 PagesBrenda Smith Dr. Donna Goodwin Speech Communication I 29 February 2012 Al-Anon Family Groups There are 12 million alcoholics in the United States. That means that 40 to 50 million friends and family members also suffer from alcoholism and its affects. The help for alcoholics is Alcoholics Anonymous and the help for the non-alcoholic is the Al-Anon recovery program. I am here tonight to tell you about the Al-Anon recovery process. It is a free, 100% guaranteed life changing program thatRead MoreAlcoholism Is A Major Issue1413 Words   |  6 PagesAlcoholism is a major issue in the United States and has been for many years. It destroys lives drink by drink. â€Å"It is estimated that between 18 million -- or one in 12 adults -- in the U.S. abuse alcohol or are chronic alcoholics. Nearly 100,000 Americans die each year as a result of alcohol abuse, and alcohol is a factor in more than half of the country s homicides, suicides, and traffic accident (Understanding Alcohol Abuse -- the basics).† Alcoholism is caused by genetic, physical, psychologicalRead MoreSubstance Abuse Affects An Estimated 25 Million Americans895 Words   |  4 Pagesabusing the substance, as well as others that are indirectly affected by the substance abuse, such as: friends and family of the abuser as well as people injured or killed in accidents related to substanc e abuse impairment. There are 16 million adults that are considered alcoholics (heavy drinkers) and almost 300,000 people under the age 18 (Mental Health America, 2015). Alcoholism relapses are common. After completing a treatment program more than 60% of alcoholics drink within the first 90 days

Balanced Scorecard Development Free Essays

string(86) " related trying to show one as the causation of one another; simply to reach targets\." Abstract The balanced scorecard was introduced in 1992 as a performance measurement tool and has developed now to form a strategic management system. This paper uses eight articles, identified in Figure 1 along with extra materials to track and analyse developments in the design and implementation. The paper shows examples of the scorecard in practice and concludes that developments have been beneficial overall. We will write a custom essay sample on Balanced Scorecard Development or any similar topic only for you Order Now It also highlights problems encountered along the way and further areas for improvement. For years managers have used financial measures to monitor performance however a study carried out in 1990 led to the development of the first generation balanced scorecard (BSC); a strategic planning and management system. By including financial and operational measures,it solved the issue that managers were beginning to reject financial measures during the 1980s and 1990s (Letza, 1996). The BSC originated analysing four perspectives; customer, internal, learning and financial,with focus driven by four questions shown in Figure 2. The BSC encouraged managers to focus on few critical measures to prevent complexity and information overload, however ensured several areas were looked at simultaneously as organisations became more complex (Kaplan Norton, 1992). Choice around the measures allows adaptability and flexibility when using the model. This is vital in order to keep up with global competition and the ever changing environment. Companies must acknowledge this flexibility and as their strategy changes, so must the measures to stay in line with overall aims. The introduction of the BSC coincided with the recession in the 1980’s and 1990’s. Therefore companies will have been more enthusiastic about performance measurement and seen this as a good way to track progress towards strategy, growth and profit. Today, 20 years on, the core perspectives have stayed with the individual measures being adapted and perspectives added depending on the company’s strategic goals. The BSC has evolved from a performance measurement tool enforced by few, to a strategic management tool used worldwide; with the main developments being ‘driven primarily by observed weaknesses in the design process rather than in the architecture of the original idea’ (CobboldLawrie, 2002). Financial measures were satisfactory for the industrial era however adapting to change in skills and competencies allowed the scorecard to produce ‘richer and more relevant information about activities they are managing than is provided by financial measures alone’ (CobboldLawrie, 2002). No individual measure produces adequate information to plan. When planning a journey, the objective is to get from one point to another with lots of dials producing information on the likelihood of succeeding. The fuel gage alone doesn’t set the scene however collectively the measures allow a judgements and decisions to be made. For example, to increase the likelihood of success you may add more oil or fuel. In business with the objective to boost sales you may increase quality and therefore sales. Introducing operational measures to performance measurement, allows these factors be monitored as the drivers of future financial performance. As the number of measures is limited, companies must identify the factors that are key performance drivers in order to achieve successful implementation. With the first generation scorecard, very little was known about the implementation of the BSC. This meant companies were not gaining the full effects of improved performance. ‘What you measure is what you get’ (Kaplan ;Norton, 1992). Therefore if you measure things that have no influence, directly or indirectly to profitability and growth then it will be impossible to improve. Hence the measures must be in line with a company’s strategic objectives. Kaplan and Nortonintroduced the four processes for managing strategy shown in Figure 3 to emphasise the need for the BSC to be linked to strategy, but there was no clarity to the importance and effect of this. Many would have good measures in place such as customer satisfaction but would not analyse this further to improve profitability, therefore a wasted opportunity as there was no real vision of making it happen. The design however, was taken on successfully by many companies as it brought everything together in one clear report. Words were kept minimal and visual aids were used to represent and explain measures. This proved effective as few words paint huge pictures, and people are designed to accept pictures and often remember these better. The BSC also looks at the whole organisation as opposed to separate departments therefore bringing all silos together. Many organisations have individual cultures within each silo and therefore departments are often driven towards targets at departmental level as opposed to overall corporate objectives. Therefore it is crucial that all measures are monitored to ensure that the targets are met through the right objectives, and not at the expense of another. For example the production department may increase productivity leading to more sales and potentially higher profits however the quality may slack causing customer satisfaction to fall. This could cause reputational damage leading customers to go to competitors who offer higher quality. The second generation scorecard expanded on this highlighting filtering and clustering as areas of concern. This took the BSC from the measurement system to an integrated management system while still focussing on strategy and performance drivers. Often this involved relating measures to key performance indicators. The second generation scorecard introduced strategic objectives and developed causality further. This development addressed the issue of an ‘inability to link a company’s long-term strategy with its short term actions’ (Kaplan ; Norton, 1996). Adding phrases to the four perspectivesallowed companies to select measures around their strategic vision. This selection method provided more thoroughness and made implementation clearer and more defined. Causality was included in the first generation scorecard with the four statements shown in Figure 4 but the second generation developed this by indicating relationships between the measures across the perspectives shown in Figure 5; as opposed to just vague links between the perspectives. This increased the urge to ‘prove’ links (Kaplan ; Norton, 1996). This could have been bad for companies as employees may have tried to link movements in the performance measures that weren’t related trying to show one as the causation of one another; simply to reach targets. You read "Balanced Scorecard Development" in category "Essay examples" This would be more common when financial rewards were linked to performance. Even with this is mind, the linkage model became an important part of the BSC design. Introduction of software reporting systems improved managers’ ability to react with fast diagnosis and quick interventions when problems occurred. The early software provided by AT;T, and later by companies including IBM; used email and diary programs to fasten this process. Software caused confusion as many believed it would enable design and implementation of the BSC. However, it is performance management software to use after implementation to ensure performance information gets ‘to the right people at the right time’ (Balanced Scorecard Institute, 2013). As it allowed data to be stored, objectives could be allocated to owners and measures to objectives; allowing managers to make historical comparisons to measure performance accurately over time. It also helped communicate the information effectively and enforced more control and organisation. Some packages allow performance to be measured and tracked at departmental level, project level or the organisation as a whole. This only works if there is strategic alignment throughout the hierarchy. Organisations can then narrow down the specific areas that are underperforming in order to increase focus to improve or divest that part. Although the software has many benefits some find it ‘difficult to adapt to the needs of a growing and dynamic company’ (IBM, 2013). Hence, many prefer to use self-developed software however it sometimes lacks required functions and solutions to the cause and effect; as the specialist skills are not there to develop the program. Difficulties still arose in selecting relevant measures and target setting due to conflicting thoughts amongst management. There was also difficulty communicating the linkage model to lower level staff if they did not already have knowledge of the model. This could cause problems when trying to motivate teams as there will be different interpretations of aims and targets; therefore employees working towards different goals. The late 1990’s saw the third generation and the development of the destination statement (Figure 6) in order to achieve clarification through checking the measures, objectives and targets selected. The destination statement is a form of ‘what if’ analysis that brought the tool closer to company strategy, it’s management and implementation. By estimating quantified amounts of consequences and achievementsfor a set future period; companies could easily compare actual achievements to targets and benchmark against others externally, in the case it was to stick with objectives from the linkage model. For example the destination statement would predict a rate of customer satisfaction for 3 years that you could check back against annually. This will identify under achievements, perhaps where you can enhance quality to boost satisfaction; and over achievements where you can identify what successful policies to keep. Management teams could easily relate to the statement to communicate down the hierarchy in order to gain a single interpretation, as it did not include looking at complex strategic objectives. Therefore a reversal of design as it was seen as an early stage in the process, as opposed to the final,making selection of measures and ausality easier. Companies have proven success without financial measures. Svenska Handelsbanken, while not disclosing use of the BSC; have gone over thirty years with ‘no budgets, no absolute targets, and no fixed plans’ but with specific performance measures in place (Daum, 2001). More recently, in 2003 a new CEO adopted the BSC for Lloyds TSB in order to ‘show employees how their actions impact their colleagues and customers and how this, in turn, translates into our overall performance’ (Lloyds TSB, 2013). This linked objectives of 80,000 employees, emphasizing the advantage of aligning the whole organisation. By involving employees at every level in some aspect of the process generates ‘acceptance of and commitment to the concept’ (Ward, 2005). Implementation proved successful to drive the company towards growth and away from being sales and cost driven, which had caused them to lose their strong market position. ‘The cause and effect chain of events’ was critical for them to see that would drive the revenue up as opposed to just a target of increased sales (Ward, 2005). As Lloyds are large and have overseas staff they could have faced technical and strategic challenges including cultural conflict and difficulties selecting measures. Companies with a diverse workforce should ensure they measure things that can be influenced and changed by employees. Lloyds also highlighted the point that implementation takes time and resources to ensure thoroughness. A tight deadline imposed ‘danger of completing the task while missing the goal’ (Ward, 2005). They recognized the importance employees understanding the concept before implementation so brought in a BSC specialist, who had worked closely with Kaplan and Norton to run seminars and lectures; in order to reduce this danger. Not only do employees need to understand the concept and accept the process; they should include feedback including how many employees see it as motivational and effective. If employees do not enjoy what they are doing they will be inclined to only meet targets and not excel further. The strong focus of the scorecard encourages companies to focus on what they really need to measure as opposed to what is easy to measure; resulting in all decisions being made around the strategy. The BSC changed the way people looked at performance measurement. Previously it was seen as a method to ontrol employees but the tool encourages targets in order for employees to work towards. The idea was that employees would adapt their behaviour accordingly to reach goals; hence giving them more freedom, motivation and involvement in the process. However, some may argue that the focus has shifted too far towards operational matters that there is not financial involvement. Adaptability should allow those com panies to change to their needs. The BSC will vary for each company depending on how dynamic the industry is and what the individual aims and strategy include. Lloyds TSB added a fifth perspective as they felt it was a key driver to the company’s strategic direction. Although there are BSC failures, the advances in the design have allowed more successful implementations over the years. There is now more knowledge and literature available because more companies have adopted this management tool; but more importantly there are significant successes documented for teams to learn from. With corporate social responsibility being so highly regarded nowadays due to greater awareness and regulation, modern scorecards have seen a fifth sub-perspective introduced; environment/external. This shows the broader impact on society than is indicated through the customer perspective; hence giving more in-depth analysis. As long as the process is carefully planned, communicated and regularly monitored it should prove successful however there is always room for improvement with the uncertainty in the ever changing environment. The scorecard, instead of providing single destination outcomes could include risk and probabilities related to various possible outcomes. In conclusion, the economic environment is only going to become more dynamic but the last twenty years has proven that continuous developments should ensure the BSC is kept up to date in order to stay a useful management tool. Figure 1 – Main Articles Used Author| Title| Daum. J| Beyond Budgeting: A Model for Performance Management and Controlling in the 21st Century? | Cobbold. I ; Lawrie. G| The Development of the Balanced Scorecard as a Strategic Management tool| Kaplan. R ; Norton. D| The balanced scorecard – measures that drive performance| Kaplan. R ; Norton. D| Transforming the Balanced Scorecard from Performance Measurement to Strategic Management: Part 1| Kaplan. R ; Norton. D| Using the balanced scorecard as a strategic management system| Letza. S| The design and implementation of the balanced business scorecard| Schneiderman. A| Why Balanced Scorecards Fail| Ward. A| Implementing the Balanced Scorecard at Lloyds TSB| * Full references for the articles are shown in the reference list at the end of this paper* Figure 2 – Four Perspectives for Balanced Scorecard Perspective| Why? | Customer| â€Å"To achieve our vision, how should we appear to our customers? | Internal Business Process| â€Å"To satisfy our shareholders and customers, what business processes must we excel at? â€Å"| Learning and Growth| â€Å"To achieve our vision, how will we sustain our ability to change and improve? â€Å"| Financial| â€Å"To succeed financially, how should we appear to our shareholders? â€Å"| Figure 3 – The Balanced Scorecar d Process Adapted from – Kaplan, R. S. and Norton, D. P. , Using the balanced scorecard as a strategic management system, Harvard Business Review, January-February 1996, 75-85. Available from: http://scholar. google. co. uk [Accessed 23 February 2013] Figure 4 – First Generation Balanced Scorecard Source – Antunes. G et al. , Process improvement measures in social area organisations: A study in institutions for elderly: survey results, The TQM Journal. Available from: http://www. emeraldinsight. com [Accessed 15 February 2013] Figure 5 – Second Generation Balanced Scorecard/Linkage Model Source – Cobbold, I. C. and Lawrie, G. J. G. , 2002. The Development of the Balanced Scorecard as a Strategic Management tool, 2GC Website. Available from: http://www. 2gc. co. uk [Accessed 19 February 2013] Figure 6 – Third Generation Balance Scorecard/Destination Statement Andersen. H. , Effective quality management through third-generation balanced scorecard, International Journal of Productivity and Performance Management, Available from: http://www. emeraldinsight. com [Accessed 21 February 2013] References Andersen. H. , Effective quality management through third-generation balanced scorecard, International Journal of Productivity and Performance Management, Available from: http://www. emeraldinsight. com [Accessed 21 February 2013] Antunes. G et al. , Process improvement measures in social area organisations: A study in institutions for elderly: survey results, The TQM Journal. Available from: http://www. emeraldinsight. com [Accessed 15 February 2013] Balanced Scorecard Institue, 2013. The Balanced Scorecard Technology: Strategic Performance Management Automation. U. S. Balanced Scorecard Institute. Available from: http://www. bala ncedscorecard. org/software/balancedscorecardsoftware/tabid/61/default. aspx Balanced Scorecard Institue, 2013. What is the Balanced Scorecard. U. S. Balanced Scorecard Institute. Available from: http://www. balancedscorecard. org/bscresources/aboutthebalancedscorecard/ tabid/55/default. aspx Cobbold, I. C. and Lawrie, G. J. G. , 2002. The Development of the Balanced Scorecard as a Strategic Management tool, 2GC Website. Available from: http://www. 2gc. co. uk [Accessed 19 February 2013] Daum, J. H. , Beyond Budgeting: A Model for Performance Management and Controlling in the 21st Century? , Controlling finance, July 2002. Available from: http://scholar. google. co. uk [Accessed 4 March 2013] Drury, C. , 2008. Management and Cost Accounting. 7th Edition. London: Cengage Learning. IBM, 2013. Balanced Scorecard Software. U. S. IBM. Available From: http://www-01. ibm. com/ software/analytics/cognos/balanced-scorecard-software. tml IBM, 2013. Innovation Center. U. S. IBM. Available From: http://www-01. ibm. com/software/ data/cognos/innovation-center/advisors. html Kaplan, R. S. and Norton, D. P. , The balanced scorecard – measures that drive performance, Harvard Business Review, January-February 1992, 71-79. Available from: http://scholar. google. co. uk [Accessed 21 February 2013] Kaplan, R. S. and Norton, D. P. , Transforming the Balanced Scorecard from Performance Measurement to Strategic Management: Part 1, American Accounting Association Accounting Horizons, 15 (1), 75-85. Available from: http://scholar. google. co. k [Accessed 23 February 2013] Kaplan, R. S. and Norton, D. P. , Using the balanced scorecard as a strategic management system, Harvard Business Review, January-February 1996, 75-85. Available from: http://scholar. google. co. uk [Accessed 23 February 2013] Letza, S. , 1996. The design and implementation of the balanced business scorecard. Business Process Re-engineering Mangement Journal, 2(3), 54-76. Available from: http://www. emeraldinsight. com [Accessed 15 February 2013] Lloyds Banking Group plc, 2009. Annual Report 2008. United Kingdom: Lloyds Banking Group plc. Available from: http://www. lloydsbankinggroup. om/investors/financial_performance/ company_results. asp#2007 Lloyds Banking Group plc, 2013. Performance Management. United Kingdom. Lloyds Banking Group pl c. Available from: http://www. lloydstsb-annualreport. com/businessreview/our_people/ performance_management/ Schneiderman, A. M. , Why Balanced Scorecards Fail, Journal of Strategic Performance, January 1999, 6-11. Available from: http://scholar. google. co. uk [Accessed 6 March 2013] Ward, A. , Implementing the Balanced Scorecard at Lloyds TSB, Strategic HR Review, 4 (3), 16-19. Available from : http://www. emeraldinsight. com [Accessed 28 February 2013] How to cite Balanced Scorecard Development, Essay examples

Monopoly Market Structure - Australian Banking Industry

Question: Discuss about theMonopoly Market Structure in Australia for Australian Banking Industry. Answer: Introduction: An oligopoly market structure is very usual in the context of Australian. Maximum service industry like banking, retail etc. follow the market structure of the oligopoly. The grocery retail sector in Australia is a core example of the duopoly, a narrowed version of oligopoly (Chung, 2015). Moreover, the banking sector of Australia is a proper example of an oligopoly. The main feature that the oligopoly market structure follows is, in this type of market few firm operate as a sole authority in a market (LaFrenz, 2014). In the case of monopoly, there is only one seller who rules the whole market and business as well. The monopolistic competition involves firm competing strongly among them in an industry. They do not allow any other organisation to enter the market. The Australian Post is a major example of monopoly market structure. Banking and Retail sectors are the key examples of monopoly market structure (Welch Welch, 2009). Apart from the banking industry, the retail industry in Australia faces very strong competition. The giant monopolistic retail companies named Coles and Woolworths have grabbed maximum market share in the industry. It is being very difficult for all other small and big organisation to sustain in the market. It is surveyed that, the banking industry of Australia is facing strong competition or oligopolistic war. Smith (2015), has informed that the existent incumbents in the banking industry are strictly prohibiting the other new entrants for the sector (Smith, 2015). Different Market Structures in Australia Firstly, in the case of the oligopolistic market, there are very few banks who operate in the banking industry of Australia such as Commonwealth bank of Australia, ANZ Bank, NAB Bank and Westpac (Gribbin, 2016). These firms are potential in nature and they always try to maximize the profit. In the maximum cases, the oligopolist firms become successful in acquiring abnormal profit. The retail industry of Australia is very particular. No other entrant in the industry is as potential as Coles or Woolworths to enter the market. Recently, some international companies like Aldi etc. tried to enter the market but failed to become successful (Jones, 2011). However, it is being tougher day by day to sustain in the banking industry. These four banks operate into the market and divide the profit share among them. During 2003-04, these four major banks together have fetched 400 million dollars by accomplishing a maximum of total assets, mutual funds etc. (Padley, 2013). Evidence claim that this competitive structure in the banking industry ultimately supports the growth factor of the industry and the country as well. Entering to the banking industry is bit difficult because huge capital investment is needed. Four major banks of Australia operate in a mutual manner and shareholders invest where they find that investing will be fruitful. Besides, in the case of the retail sector, people choose any one of two giant companies (Yeats, 2015). This perfect case of a duopoly in grocery retail sector in Australia actually harms the whole marketplace (Wall, 2014). The maximum population in Australia have been earning by running a small retail business. The presence of huge facilities of buying a different kind of goods under one roof attracts people. Instead of buying goods in a small bazar they prefer going in the supermarkets. (Kitney White, 2013). Both the banking sector and the retail sector concentrate more on these duopolist and oligopolist firms. This unfair competitiveness in this sector ultimately causes a deadweight loss in the Australian economy. This factor brings many negative aspects to the Australian economy (Wetzstein, 2013). In the case of monopoly, the Australian post is the most important example to consider. The postal service in Australia is so strong and active that no other entrant in the country can get the access to the market. The monopolist always acts as a price maker and rules the whole industry (Wetzstein, 2013). Monopoly business cannot be established on a long-term basis by a sole individual. Once upon a time, the Amul was the sole supplier of the butter in the world and tried keeping its position but after a certain period of time, few other organisations like Nestle etc. started selling butter. The market has shifted from monopoly to oligopoly. However, monopoly examples can randomly be seen in countries where the government plays the role of a monopolist (Crew Kleindorfer, 2012). The postal service of Australia is a governmental authority and a monopolist for the particular zone too. Water supply authority in Australia is another example of the monopoly in the country. The postal industry of Australia has been provided the authorisation of peddling letter post in the country. This authorisation was given by regulating an act in the year 1989 (Crew Kleindorfer, 2012). The government is playing as a monopolist in the postal industry because it has all the authorization to pass an act. Also, the service provided by this authority is very fast and impressive. It becomes possible because the government has successfully managed things systematically. Being a sole authority the government easily influences the price of this service. It is observed that during any occasion the price of posting a letter becomes higher. This price hike is not negligible and 43% is the rate (Crew Kleindorfer, 2012). It becomes tougher for a particular group of people to afford the price. Conclusion However, this form of economic competitions has both the positives and negative aspects. In the case of the oligopolistic competition in the banking industry, the result is bit supportive. Due to this competitiveness, these four banks have grabbed the whole market share and no other banks exist. So the option for this service is limited to the people. As a result, no fraudulence cases have occurred because these four banks are trustable. It lowers the possibility of occurrence of cheating and fraudulence activity. Money transaction from a well-known bank does not create any mess. While in the case of the retail sector, this oligopolistic competition harms the economy by carrying the deadweight loss. In the case of postal service of Australia, people over there enjoys very fast service. Besides, being a monopolistic entity, sometimes the authority charges a higher price which is not affordable for the citizens. Sometimes it creates difficulty for the people. Due to lack of options the people have to go for the existing opportunity. 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