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    Operational Risk Management Awareness
    The term Operational Risk Management (ORM) is not new. It has been tossed about in businesses across North America for the last several years. ORM and the oft associated term Enterprise Risk Management (ERM) have generally been used as corporate buzzwords, business culture idioms referenced in board meetings and articulated during presentations. Recent developments, such as the creation of the Sarbanes-Oxley (SOX) Act in 2002 in response to growing financial scandals in the U.S., have brought Operational Risk Management, Enterprise Risk Management and related concepts from the backrooms to the forefront of corporate America.The inescapable reality is that every single day businesses incur losses and experience operational disruptions due to failures by employees, incorrect implementation of processes and technologies as well as wilful disobedience to internal controls. These losses may be manifest in the form of uncollectible receivables from disappointed clients, lost sales due to call centre failures or unproductive employee downtime when
    ell if he was being insulted or not. He had gone into a kind of cultural default mode.

    I fell into the denial trap myself too. In my first experience of working in France, I blithely scheduled the period immediately after noon to make local telephone calls, just as I used to do in London, where lunch was often just a quick sandwich break at around 1pm. In a Homer Simpson-like moment of recognition, it dawned on me that this was the sacred French lunch break and, of course, nobody was ever in their office. I had tri

    Are You Ready To Start Your Own Business?
    It seems that most people are starting or at least thinking about starting their own business. While the history of entrepreneurship is as old as humanity, today's economic climate and booming internet marketplace have brought even more people interested in venturing out on their own.Sadly, while many people dream of starting their own business all too often those dreams fail miserably causing professional and financial devastation for those involved. How do you know if you have what it takes to start your own enterprise and make it a success? While some people like to point to the market idea, economic climate and other outside factors, I believe success and failure are determined by one essential factor -- the entrepreneur involved. Successful new business owners bring three essential qualities to their dream. I call these the MAT factor which simply stands for Money, Attitude, and Time.Money is an important factor when you start a new business for three reasons. The first consideration is of course the old adage that it takes money
    An individual’s ability to forge effective relationships across cultures is influenced by a very personal and highly complex mixture of emotional and cognitive processes. Anyone contemplating an overseas posting feels apprehensive about stepping into the unknown. The mere knowledge that we are leaving our own cultural comfort zone can trigger all sorts of subconscious defensive tactics that can make it difficult to operate effectively the new environment.

    The widely known work of Milton Bennett helps to elucidate the process of adaptation to a new culture. In his work, Developmental Model of Intercultural Sensitivity, 1993, he describes six main stages in the development of intercultural sensitivity:

    1. denial
    2. defensiveness
    3. minimization
    4. acceptance
    5. adaptation
    6. integration

    I want to revisit these six stages and discuss them as they relate to the potential problems of people working in intercultural environments.

    The denial stage refers to an individual’s inability to even notice cultural differences. I witnessed this once when a middle-aged Saudi man studying in the UK complained to me that his English teacher was treating him like a ‘donkey’. I was very puzzled by this because I knew the teacher concerned was very polite with the students and showed great respect to those who were older. After some ferreting around I discovered that the teacher was in the habit of saying ‘sh’ when the students were talking too much. Apparently such a noise is used for donkeys in Saudi Arabia. Why, I wondered, had the Saudi man not noticed that the streets of London were free entirely of donkeys?

    Looking at the incident now, I can see that he was clinging to his own cultural norms like a life raft in the uncertain seas he was currently experiencing: a world where young women were allowed to teach older men, where his host family did not have a separate part of the house for the women and children, where he couldn’t eat freely because even pastry for a dessert might contain pork fat . He was totally disoriented and could not tell if he was being insulted or not. He had gone into a kind of cultural default mode.

    I fell into the denial trap myself too. In my first experience of working in France, I blithely scheduled the period immediately after noon to make local telephone calls, just as I used to do in London, where lunch was often just a quick sandwich break at around 1pm. In a Homer Simpson-like moment of recognition, it dawned on me that this was the sacred French lunch break and, of course, nobody was ever in their office. I had trie

    Performance Feedback: Why We're Scared and How Not to Be
    Effective communication is not a one-way street. It involves an interaction between the sender and the receiver. The responsibility for this interaction is assumed by both parties. The speaker can solicit feedback and adjust the message accordingly. The listener can summarize what was said for the speaker and continually practice the empathetic process.Feedback is a major source of information which tells you how you are perceived by others and how your behavior is affecting them. This exchange must exist for true communication to take place. An effective communicator solicits feedback from the receiver in order to check for understanding and to remove as many barriers from the process as possible. The communication process is complex, but giving and receiving feedback, especially critical feedback, ranks as the most personal and threatening aspect of all. This is unfortunate, as most research on motivation suggests that feedback is one of the biggest motivators for change.This in mind, some people are still reluctant to receive feedb
    process of adaptation to a new culture. In his work, Developmental Model of Intercultural Sensitivity, 1993, he describes six main stages in the development of intercultural sensitivity:

    1. denial
    2. defensiveness
    3. minimization
    4. acceptance
    5. adaptation
    6. integration

    I want to revisit these six stages and discuss them as they relate to the potential problems of people working in intercultural environments.

    The denial stage refers to an individual’s inability to even notice cultural differences. I witnessed this once when a middle-aged Saudi man studying in the UK complained to me that his English teacher was treating him like a ‘donkey’. I was very puzzled by this because I knew the teacher concerned was very polite with the students and showed great respect to those who were older. After some ferreting around I discovered that the teacher was in the habit of saying ‘sh’ when the students were talking too much. Apparently such a noise is used for donkeys in Saudi Arabia. Why, I wondered, had the Saudi man not noticed that the streets of London were free entirely of donkeys?

    Looking at the incident now, I can see that he was clinging to his own cultural norms like a life raft in the uncertain seas he was currently experiencing: a world where young women were allowed to teach older men, where his host family did not have a separate part of the house for the women and children, where he couldn’t eat freely because even pastry for a dessert might contain pork fat . He was totally disoriented and could not tell if he was being insulted or not. He had gone into a kind of cultural default mode.

    I fell into the denial trap myself too. In my first experience of working in France, I blithely scheduled the period immediately after noon to make local telephone calls, just as I used to do in London, where lunch was often just a quick sandwich break at around 1pm. In a Homer Simpson-like moment of recognition, it dawned on me that this was the sacred French lunch break and, of course, nobody was ever in their office. I had tri

    Entrepreneurialism 101 Starting A Business Plan Outline
    In designing your business plan you will have to define your company, who is managing it, why it exists and how you are going to compete and attract customers. Defining your own business advantages and accentuating them to the marketplace will be key. Operations should be well defined with all start-up costs, whether short-term or long-term. Also define your ROI per $ and you cash flow statement to determine your profitability and necessary innovation or improvement changes you will need in the future.Below we have designed a backbone FREE business proposal example! One that you can use to begin building a basic outline to connect with partners, clients, consumers, possible investors thereby outlining your business model and creating the brand you will become.Creating and organizing your business plan can help with leading to potential investors and build partnerships and alliances for your business.[Company Name] Company Contact Information Director'sBusiness PlanMission StatementA clear s
    ultural differences. I witnessed this once when a middle-aged Saudi man studying in the UK complained to me that his English teacher was treating him like a ‘donkey’. I was very puzzled by this because I knew the teacher concerned was very polite with the students and showed great respect to those who were older. After some ferreting around I discovered that the teacher was in the habit of saying ‘sh’ when the students were talking too much. Apparently such a noise is used for donkeys in Saudi Arabia. Why, I wondered, had the Saudi man not noticed that the streets of London were free entirely of donkeys?

    Looking at the incident now, I can see that he was clinging to his own cultural norms like a life raft in the uncertain seas he was currently experiencing: a world where young women were allowed to teach older men, where his host family did not have a separate part of the house for the women and children, where he couldn’t eat freely because even pastry for a dessert might contain pork fat . He was totally disoriented and could not tell if he was being insulted or not. He had gone into a kind of cultural default mode.

    I fell into the denial trap myself too. In my first experience of working in France, I blithely scheduled the period immediately after noon to make local telephone calls, just as I used to do in London, where lunch was often just a quick sandwich break at around 1pm. In a Homer Simpson-like moment of recognition, it dawned on me that this was the sacred French lunch break and, of course, nobody was ever in their office. I had tri

    How I Started My Studio Business
    I remember back when I decided I was ready to start recording bands. I went to a local “metalfest”, setup a table, told everyone I charged $20 an hour, and nothing happened. I mean NOTHING happened. It was a total waste of time. So I went back to the drawing board and had to rethink my strategy.I'm a firm believer that you must give someone something if you want something in return. Take the approach of your potential customers. “What's in it for me?”. Well, in the case of me with the brand new studio in my house, I had a few problems. My demo I was handing out simply wasn't that good. It was about the typical quality of a local studio at that time. Most bands didn't feel comfortable working with a guy for $20 an hour who they didn't even know and had never heard of.I decided that I would do an album for free. Actually, at that time, I had not done an album. Just little 3 song this and 4 song thats. I found that recording a 10-12 song cd was quite a bit more work than I had imagined. Either way, I went to a few local sho
    the Saudi man not noticed that the streets of London were free entirely of donkeys?

    Looking at the incident now, I can see that he was clinging to his own cultural norms like a life raft in the uncertain seas he was currently experiencing: a world where young women were allowed to teach older men, where his host family did not have a separate part of the house for the women and children, where he couldn’t eat freely because even pastry for a dessert might contain pork fat . He was totally disoriented and could not tell if he was being insulted or not. He had gone into a kind of cultural default mode.

    I fell into the denial trap myself too. In my first experience of working in France, I blithely scheduled the period immediately after noon to make local telephone calls, just as I used to do in London, where lunch was often just a quick sandwich break at around 1pm. In a Homer Simpson-like moment of recognition, it dawned on me that this was the sacred French lunch break and, of course, nobody was ever in their office. I had tri

    Get Paid To Email? Fact or Another Online Scam?
    Hi all,Internet is one of the best or should I say the Best method to publish their services, ebooks or whatever anyone can think of. Name it, they have it. And Internet is a 24/7 running medium unlike the TV commercials, radio or newspaper which have limited exposure.And hence something to share about the possibility of earning some cash reading email online.Email will be sent according to subscribers' interests which will be asked during the registration. So expect no spam. If there is any email subscribers find uninteresting, please go ahead and make changes to the preferences even after registered. And that is.You might be wondering what sorts of emails will be sent. Emails such as advertisements such as sports, daily products and online marketing will be sent. Emails are short and easy to read. More details can be found at http://bouldering-guide.blogspot.com/2007/04/free-stuffs-for-all.html.However this is NOT a quick to get rich scheme. Be patient. Although the money earned is not very impressive that can a
    ell if he was being insulted or not. He had gone into a kind of cultural default mode.

    I fell into the denial trap myself too. In my first experience of working in France, I blithely scheduled the period immediately after noon to make local telephone calls, just as I used to do in London, where lunch was often just a quick sandwich break at around 1pm. In a Homer Simpson-like moment of recognition, it dawned on me that this was the sacred French lunch break and, of course, nobody was ever in their office. I had tried to salvage a little of my old, familiar routine in order to feel more comfortable with the working day and was in denial about this great French tradition. I really didn’t want to see that the French could abandon between two or three hours in the middle of the day to non-work activity.

    The point here is that it’s not sufficient to know about differences on an abstract level, we need to experience them to recognize them, and this transitional period takes time. But it also requires a willingness ‘to see’. If we feel more secure by keeping on the blinkers we will never be able to accept or be accepted in the new environment.

    The defensive stage occurs after such recognition and is a reflection of just how disturbing it is when we see how alien the host culture is. We need to cling to a concept of what is normal and so we perceive the new culture as skewed. Our own way of doing things is automatically better and right. And it is often counter intuitive. I confess again. I was in the habit of treating my French secretary as an equal. I would ask her so politely to do things ‘if she had time’, if she wouldn’t mind’. She did nothing. In France, you give a subordinate an order otherwise it is not interpreted as requiring action. I resisted this for ages. How abrupt, how rude, I thought. How much more civilized to be egalitarian and indirect like the British.

    Clearly this position is going to cause difficulty if it results in confrontations between us and our co-workers. As the outsider, we will be seen as arrogant at best, perhaps stupid and na?ve at worst, and people will sense that we do not respect or trust their way of doing things. Yet even so, this stage is a step forward. We do at least know that the differences exist and we now need to build bridges so that we look for what works best in the given situation.

    The stage of minimization can be seen as a means of overcoming our defensiveness. In order to cope with the differences, we try to minimize their significance and concentrate instead on the common values and needs that humanity shares. While this

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