Business Studies Essay Example | Topics and Well Written Essays - 1000 words - 1

Business Studies - Essay Example The paper is concluded with a review of making one of these secondment programmes abroad. Secondments have repeatedly been used by managers as a strategic approach to diversify employee skills and performance. The repeated use of this approach to increase the employee value has been the result of the advantages that is had on both the employees and the organisations fostering such a programme. These advantages are two-pronged in the light of the benefits that go to the employer, the employee undergoing the secondment programme. For us, such a programme makes our organisation to have a human resource pool with diverse knowledge on all the functions and processes of the organisation. With employees having the traits of occupational and functional diversity, there is security system in place to shield the effects of eventualities like sudden resignation, retirement, dismissal, death, or incapacitation from accidents. Secondly, the secondment programme would allow us train our employees in-house while keeping them on the same payroll. This results to significant savings for the company. To our employees, the secondment programme would enhance both personal and career development, thereby giving them the opportunity for varied responsibilities. Apart from paying the employees salaries we would also incur extra costs to complete the secondment programme. Such costs would be related to buying new equipment for training. It could also lead to a decrease in operational performance as time meant for work would now be reduced to train other employees. 3.1 To motivate our employees to apply for this programme, a number of incentives must be taken. This is an issue of in-house employee development programme and might come with characteristics of organisational change, the employees must be motivated to apply by making them know the importance of such a

International Economics and Law Essay Example | Topics and Well Written Essays - 1250 words

International Economics and Law - Essay Example 100. One individual claimed to have caught flu even after using the medication; however, the company refused to pay him claiming that the offer had been made worldwide; therefore, it ceased to be an offer. Nevertheless, this offer was valid and the manufacturer owed the patient ?100 (formation of a contract, S8). Another characteristic of a contract is that it must be specific, in that, vagueness is not acceptable. In the United Kingdom, contracts are part of life. Contracts are inclusive of a promise and there is a legal duty that arises from such a promise. For instance, in the sale of property, a buyer has the obligation of paying the agreed amount whilst the seller’s obligation lies in transferring the title of the property sold to a buyer. The third element involving a contract is the remedy for breach of duty; an offer, consideration, and acceptance are considered as part of any contract. In case one party breaches his/duty in the contract, the other party or the aggriev ed party has the right for remedy. In addition, there must be an offer accompanied by a reasonable consideration, which must be accepted or rejected by the offeree of the contract. According to Ross (2009), in the United Kingdom, contract formation can be made on paper and online. ... The seller may accept that offer by selling the item to the customer; however, he may reject the offer if an agreement is not reached. Nevertheless, due to technological advancement, most contracts in the United Kingdom are done online; however, the elements of a contact must be involved. In Switzerland, formation of a contract does not require formalities of any kind. A contract can be concluded orally by showing the will to enter into a contract. The Swiss law however requires an individual to be above the age of 18years and above in order to engage in a contract; that is, any party to the contract must be at the age of majority and must have the legitimate capacity to enter into a contract. However, making a void contract in Swiss has the consequences of impossibility, such that, such a contract that defies the rule of contract formation cannot be executed or they can never be legally binding. Illegality is also an element of void contracts, whereby, contacts are declared null by the courts, hence forcing the partnerships to be dissolved (Dessemontet, 2004, p.111). According to Bucher (N.d, p.105), Swiss law recognizes the freedom of contracts, such as, an individual has the freedom to conclude a contract with a partner of his choice, and the freedom to establish the conditions of a contract. The similarity between UK and Swiss in terms of contract formation lies in the fact that the contract elements of consensus, offer, and acceptance apply in both countries. The contract formed must be valid; however, when some terms are acceptable, then the contract will be declared void. In addition, there is no limitation when choosing a contract partner. Question 2: The WTO Doha Round: Describe the agenda and status as well as the