Ernesto Che Guevara - 1643 Words

A. Plan of Investigation Question: Was Ernesto â€Å"Che† Guevara the revolutionary hero as depicted in today’s pop culture, or was he a vicious murderer, obsessed with the destruction of capitalism? Methods: This investigation will describe Che Guevara’s involvement in Latin American independence movements, focusing specifically on his involvement with Fidel Castro’s â€Å"26th of July† movement. His actions and words will be analyzed, and his conduct this period of political upheaval will be used as evidence in order to answer the investigative question. B. Summary of Evidence 1. Guevara’s Revolutionary Involvement from 1928-1954 Ernesto Guevara, born in 1928 in Rosario, Argentina, was not born poor. He lived in middle-class comfort,†¦show more content†¦D. Analysis Ernesto Guevara has earned the praise of many who claim him as the champion of freedom against tyranny and the standard-bearer for the â€Å"just revolution†. But Che has also been condemned for his violent and cruel nature, which is prevalent the many executions that he carried out during his active years in revolutionary activity. Che personally executed his own soldiers if they were suspected of anti-revolutionary sentiment. According to Che’s personal diary, the first execution that he carried out was that of Eutà ­mio Guerra. â€Å"Che inspected the entry and exit wounds, very much the doctor, writing down that he had slept fine with what he had done.† (The True Story 22:50) Che had no remorse for executing someone who he had been close to for the past two years. Given the circumstances, an execution of a suspected spy may not be cause for remorse, but the executions that follow the fall of the Batista regime were anything but just. The trials conjured up b y Fidel and Che in order to appease the masses were for show, much like the Moscow trials of Stalin’s great purge. If deemed guilty by the judges, who did not deliberate at great lengths to decide one’s guilt or innocence, the accused would be pushed up against one of the firing squad walls and shot on the spot. There were no appeals and no arguments. When asked if there was proof toShow MoreRelated Ernesto Che Guevara Essay2914 Words   |  12 PagesChe Guevara, a revolutionary in Cuba, has become an internationally recognized figure. While many people are familiar with his achievements of helping to overthrow and rebuild the Cuban government, his image has expanded well beyond his political success. Che’s picture has been seen all over the world, in every imaginable context. Many people associate Che Guevara with the very word â€Å"revolution,† while others remember Che as a brutal and ruthless guerilla. While everyone has their own interpretationRead MoreErnesto Che Guevara Essay1914 Words   |  8 PagesErnesto Che Guevara Ernesto Che Guevara, a doctor and revolutionary in Bolivia, was assassinated by the American CIA for many political reasons, thus becoming a legend and idol after the Latin American Revolution. In the United States Che is remembered only as a relic of the 1960 revolution. In Europe he became a pop icon among the youth with little or no historical reference. Only in Cuba does his legacy stand for the hope and faith of the Latin American people. Ernesto Guevara de laRead More Ernesto Che Guevara Essay2680 Words   |  11 PagesErnesto Che Guevara Ernesto Che Guevara has undeniably been one of the most powerful icons of the past fourty years. The Argentine revolutionary has had his picture widely printed on shirts and posters and has become a symbol for the (often young) anarchist. Yet, how many of us really understand or know what Che stood for? Do we know what his philosophy was about? Very few of us have taken the time to understand the goals and principles of Guevara and what he fought for - to death. DrRead MoreBiography Of Ernesto Che Guevara1780 Words   |  8 Pagesthe world. Other people will learn from experiences and those experiences will stick with them as they go through life. Ernesto ‘Che’ Guevara learned a great amount from experiences that he shared in his memoir, The Motorcyle Diaries. In this book, he shares the story of his journey through a large portion of South America, with his friend Alberto. Throughout the journey, Guevara notes several differences within the individual countries and between the countries themselves. Some countries, like ChileRead MoreErnesto Che Guevara and His Role in the Cuban Revolution1007 Words   |  4 PagesIntroduction One of the Cuban Revolutions major figures, Ernesto Che Guevara is widely known as a guerrilla leader and a Marxist revolutionary. However, to some people, he is considered both a mass murderer and a terrorist. Even though some view Ernesto Che Guevara as a murderer, he was an idealist and an intellectual with a genuine desire to change Latin America. Ernesto Che Guevara as an Intellectual and Idealist To begin with, it can be noted that Guevaras revolutionary mind andRead MoreErnesto Che Guevara, Helder Camara and Bell Hooks on Mussolinis Fascist View1918 Words   |  8 PagesLate twentieth century theorists Ernesto â€Å"Che† Guevara, Helder Camara, and Bell Hooks all reject Mussolini’s fascist view, in which individuals’ lives have no meaning outside of their participation in a totalitarian state (Mussolini, 6), and propose ideologies that target an end to limitations in which negate the opportunity for thymotic recognition in individuals. For Camara and Guevara, the poverty based injustices perpetuated globally in underdeveloped nations by world powers is the primary detrimentRead MoreA Journey to Political and Social Activism in Ernesto Che Guevaras Motorcycle Diaries1832 Words   |  8 PagesSocial Activism In Ernesto Che Guevara’s The Motorcycle Diaries Global Development Studies Holler Book Review Emily Gjos November 12th, 2012 Motorcycle Diaries by Ernesto â€Å"Che† Guevara is an autobiographical account that outlines the journey of Marxist revolutionary Che Guevara, then a 23-year-old medical student. Che and his friend Alberto leave their hometown of Buenos Aires, Argentina, in January 1952 on the back of an asthmatic and sputtering motorbike. Guevara inadvertently goesRead MoreBiography Of Ernesto Che 1545 Words   |  7 PagesErnesto â€Å"Che† Guevara was born on June 14, 1928, in Rosario, Argentina. He came from a wealthy upper-class family but leftist ideas. Most of the family’s wealth came from an inheritance left to Ernesto’s mother. Most of that wealth was lost due to different business ventures that the family invested in. During this time the family moved to several areas of Argentina, eventually settling on a plantation in the jungle region of the country. Very quickly it became obvious to the family that ErnestoRead MoreEssay Che Guevara796 Words   |  4 Pagesï » ¿Che Guevara    The late Ernesto ‘Che’ Guevara was a genuine leader. His cause was to liberate  Cuba  from a corrupt military dictatorship, and resist  United States  interference in Cuban political affairs (â€Å"More or Less†, 2002). In the beginning this cause was just, but his passion grew to hatred, which inevitably consumed him. Che personified a collectivist but real concern for people, and truly came to believe that the key to realising that concern was through armed, savage, anti-imperialist politicalRead MoreResearch Paper on Che Guevara4218 Words   |  17 PagesResearch Paper on Chà © Guevara | Globalization | 11-10-2012 | Table of contents Introduction 2 Revolution 3 Chà © Guevara’s existence, and relationship with revolution 4 The Cuban Revolution 8 The Influence of Chà © Guevara on Latin America 12 Conclusion 17 Bibliography 18 Introduction I decided to write this research paper because we were assigned to find an issue or subject within Latin America to write about. One of the most widely known and influential revolutionary

Models and Theorists in Organizational Developement

Organizational Development Change Assignment # 2 [pic] Submitted By: Hassan Masood Faruqui 08-0219 BBA Models and Theorists in Organizational Development Edgar Schein Modification of the Three Stage Process: Edgar Schein modified the three stage process through specifying the psychological mechanisms involved in each stage. In stage 1, unfreezing is where disconfirmation creates hassle and discomfort, which causes guilt and anxiety and drives and motivates the person towards change. But unless the person feels comfortable with dropping the old behaviors and adopting new ones then change will not occur. This means the person must be psychologically safe in order to replace the†¦show more content†¦5. Structure: The study of structure should not be confined to hierarchical structure; rather it should be a function based structure focusing on the responsibility, authority, communication, decision making and control structure that exists between the people of the organization. 6. Systems: Systems includes all types of policies and procedures with regards to both the people and the operations of the organization. 7. Management Practices: This would entail a study of how well the mangers conform to the organization’s strategy when dealing with employees and the resources. 8. Work Unit Climate: It is a collective study of how the employees think, feel and what do they expect. The kind of relationships the employees share with their team members and members of other teams is also an important aspect of work unit climate. 9. Tasks and Skills: This involves understanding what a specific job position demands and the kind of kind of skills and knowledge that an employee must have in order to fulfill the task responsibilities of that job position. It is important to see how well jobs and employees have been matched. 10. Individual Values and Needs: This dimension seeks to explore the employee’s opinion about their work so as to identify the quality factors that will result in job enrichment and better job satisfaction. 11. Motivation Level: Identifying the motivation level ofShow MoreRelatedLibrary Management204752 Words   |  820 Pages60 Section 2: Planning 4—Planning Information Services and Systems . . . . . . . 65 Techniques and Tools . . . . . . . . . . . . . . . . . . . . . . . . . . 66 Environment for Planning . . . . . . . . . . . . . . . . . . . . . . . 66 Planning Models . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 67 The Planning Process . . . . . . . . . . . . . . . . . . . . . . . . . . 72 Factors in Planning . . . . . . . . . . . . . . . . . . . . . . . . . . . . 73 Time Frame . . . . . . . . .

Islamic Finance for Journal of Economic Surveys-myassignmenthelp.com

Question: Discuss about the Islamic Finance for Journal of Economic Surveys. Answer: Introduction The main purpose of this assignment is to identify the similarities and differences which are present between Islamic and Conventional finance framework. In order to understand the difference between Islamic finance and conventional finance system, it is essential to first understand what the key concepts which are used in Islamic finance[1]. Modern Financial Institutions are solely based on interests which is as per Muslim law is against Sharia and it is expected that Muslims do not keep money with such financial institutions. A non-performing loan is a loan which was granted by the financial institution on which no schedule payments have been made for a period of more than 90 days. Such loans are either in default or at the risk of getting default. In other words, any loan amount which is expected to be in default then the loan is termed as a non-performing loan. In addition to this, if the debtor fails to make payments within specified period than also such will be considered as a non-performing loan. In case of a non-performing loan the lender has the right to take necessary actions to recover the principal amount of the loan. This is mostly seen when the loan is covered by an asset as a security for loans. The conventional bank will take steps like seize the asset, foreclosure process. In case of Conventional banks non-performing loans can be sold to investors in order to reduce the risks associated with a non-performing loan and in the process clean up their balance sheet. In the case of both Islamic financing institutions and conventional institutions, non-performing loan affect the business and therefore it is up to the management to manage the same effectively. In case of conventional banking system, where non-performing loans have been identified and there is a risk of default which is related to the loan than the bank in general cases creates provisions for such loans. Such non-performing loans are firstly classified on the basis of criteria which is substandard and doubtful debts. On the basis of such classifications the provisions for such debts are created. The provisions which is created for doubtful debts are generally more than the substandard category. In the case of Islamic financing as well the banks need to effectively manage non-performing loans[2]. The purpose of identifying of non-performing loan is to ensure that the banks are able to create provisions so that the impact and risks which are associated with loan term loans can be averted. A case study shows tha t Islamic banks are affected by non-performing loans and the essence of a non-performing loan is because it reflects the channelization of the loans and financing. Moreover, research show that high Non-performing loans for an Islamic bank and Conventional banks is a cause for the fall in profitability of the banks. Thus, it is important for both Islamic and conventional banks to effectively measure and maintain non-performance loans. As the risk and rewards are both shared by investors the non-performing assets risks also fall on the investors or depositors of such banks. In case of short term as well long-term loans which are to be issued by Islamic financial institutions, the viability of the project is to be analyzed carefully by the investors and then the loan amount is to be approved. As the risks of non-performing loans are to bear the investors the system is that the loan needs to be approved by the investors after he is satisfied by the viability of the project[3]. In case o f further defaults in the payment of the non-performing loans the banks can impose penalty on such non-performing[4]. The penalty which is imposed by the banks are used for the purpose of charity. As per the research the Islamic banks are developing in most parts of Saudi Arabia, parts of the middle east as well. In case of Islamic banks, equity-based sources of money are more preferred than debt-based sources. The depositors of an Islamic banks are basically shareholders of the banks. A bank which is more dependent on the equity sources like Islamic banks uses lending methods like mudarabah which is one-party joint partnership and a multi-party joint partnership which is known as musharaka. Moreover, the risks are shared by the depositors which is not the case in debt financing which is majorly used by conventional banks. In case of conventional banks, the risk are on mostly on the banks and not on the investors. another main difference between Islamic banks and Conventional banks which uses Equity financing and debt financing respectively is the basis of recording assets and liabilities in balance sheet. In case of Islamic banks, the asset side will contain certain cash which are kept as fixed assets and cash reserves and certain amount of equity as well and on the liability side investment profit and loss account deposits. As per the analysis of the work processes of a conventional banking system and Islamic banking system, Islamic banks are based on the profit and loss principle and does not charged interest whereas the conventional banks are dependent on the interest factor. The conventional banks charge interest on the loan amount which it lends to clients whereas no such interest is charged by Islamic banks and the main source of revenue is from the profits which are earned from investments which are shared with the depositors of such banks[5]. The main principles of an Islamic bank is based on the equity based policies which involves using the capital of its own and also the capital which it acquires from deposits which is used for investments through which profits for the banks are generated[6]. In case of conventional banks, the structure is based on debt policies. The major source of income for conventional banks is through lending of money as debts on which the bank charges interests following the time value of money concept[7]. As per the data which is available from secondary sources, it is clear that the Islamic banks are not responsible for the risks which are associated with the investment. In the case of Islamic banks, the risks are also to be bear by the investors same as they have share in the profits of the investments[8]. This is a point of difference between an Islamic bank and a conventional bank who borne all the risk part of the investors and also provides a fixed reward for the same. Hypothesis There is a wide range of differences between Islamic finance and conventional system of finance. The hypothesis which is used for the explanation of the same depends on the secondary data which is collected from various journals and works of other authors. The secondary data helps in the research and also is useful in developing the reasons and points which makes Islamic financing practices different from conventional system of financing[9]. The major difference which arises is that the conventional system of financing by institutions are heavily dependent on interest which is not the case in Islamic financing[10]. In the case of Islamic financing, the structure is based on the profit and loss principle which means that even though Islamic financing institutions are does not deal in interest as in the case of conventional institutions but share in the profits which are generated from the use of funds. The depositors of such Islamic institutions also have a share in the profits genera ted at pre-determined ratios which is stipulated by the institutions. The asset side of such Islamic bank show the transactions with the depositors in the asset side and transaction with the investment clients in the liability side. Whereas in the case of conventional institution shows taking deposits and paying interest and on the other side lending and charging interest are shown. In addition to this Islamic financing institution are based on the equity-based system, whereas the conventional banks are based on debt-based system. In case of conventional system, the shares capital of conventional system is that the nature of the capital is of permanent nature and in case of Islamic financial institution is that the capital is based on term investments. The process which is adopted by Islamic financial institutions for the purpose of accepting deposits from the public is quite different from the technique which is adopted by conventional financial institutions. The system which is fo llowed by Islamic financial institution follows the sharia or the rules of Islam. All the collection process of deposits is same in both cases of Islamic finances and conventional system of finance[11]. The point of difference lies in the area where the rewards are distributed for the deposits kept with institutions. In a conventional bank the rewards which are associated with deposits are fixed and generally provided in the form of interests. Whereas in the case of Islamic finance, the rewards are not fixed and the deposits are accepted through Musharaka and Mudaraba. Musharaka literally means to share profits in a partnership whereas Mudaraba is also related to sharing of profits. The difference between the two is that Musharak requires also involves sharing of losses strictly between the partners. Then there is the risk and return factor which is a point of difference between the two. In case of conventional system of financing the entire risks are borne by the banks and they pro vide securities to the depositors and the rewards totally belongs to the depositors. However, in the case of Islamic finance the both the risks and returns are equally shared by the depositors[12]. Thus, from the above discussions it can be clearly stated that there exists certain key difference in the principles which are followed and the structure of Islamic banks and conventional banks. Methodology The general differences and similarities of an Islamic banks and conventional banks can be analyzed through qualitative data analysis. Qualitative data refers to the facts and information which can be obtained for the purpose of a research through the works of other authors or journal other authors. The first step will be involving collection of data from various sources such as journals on conventional and Islamic banks which can provide information regarding the structure of the banks and also treatments of various items in the financial statements which are prepared by such banks. Then the next step will be involving detailed analysis of data which is collected from various journals and works of other authors in order to determine the structure and processes which are used by such banks and also the accounting treatments of deposits and payments and all other related information. As per the research, the financial statements can also be used to identify the difference in treatments of deposits and payments[13]. As per analysis, the partnership for profits and deposits are placed in the asset side whereas the transactions between the bank and the investment client are place on the liability side of a balance sheet. In case of a conventional banks, funds for which the banks nee d to pay interest are placed in the liability side and for the funds which are lend out and interest charged are placed in the asset side of the balance sheet[14]. Moreover, in case of Islamic banks as they do not charge interest or pay interest to the depositors of the banks, the treatments will be different for the profit sharing which is done in an Islamic bank in the financial statements. Thus, information about the difference in treatments can be collected by comparing the financial statements of both the types of banks. Then there is a difference in the strategies which are followed by Islamic banks in case of risks which are associated with the business. The risks are directly borne by the investors of the banks and not by the Islamic banks as it is in the case of conventional banks. Moreover in case of Islamic banks the principle of risk sharing is followed where the risks are shared by the depositors of the business. Results and Conclusion The results which can be drawn from the analysis work which is done above, it can be clearly stated that there exists difference between Islamic banks and conventional banks. There are various point of differences but the most crucial one is the basis on which the bank functions that is by charging and allowing interest from debtors and depositors respectively in case of conventional banks and by means of sharing profits for the investors of the company in case of Islamic banks. The Islamic banks strictly follows the Sharia framework where in some activities which are considered to unethical or prohibited in Islam are not allowed to be financed by such banks. Some of the restrictions which are discussed above relates to the prohibition of Islamic banks to allow or charge interest on the cash depositing and lending activities of the business. An aspect of Islamic finance which is not present in case of conventional banks is that the financing is either made on the principles of sharing risks and rewards or those financing which are backed by assets. Another unique feature of financing in an Islamic financing system is that it is in the form of mudaraba which can play an important role for overall development of the society. In Mudaraba form of financing a partnership is formed between funds which are provided by the banks and the skills which are there in a person who lacks the capital to have him backed and therefore it is an effective means to provide self- employment. From the analysis of the case it can be stated that the developing Islamic banks are not just there as a copy of conventional banking system. There has been difference in the working process of Islamic banks and conventional banks due to the Sharia principles which are followed by the Islamic banks. However, research shows that due to this sharia principle Islamic banks misses out on opportunities which conventional banks are able to enjoy such interest factor which covers up for the time vale of money aspect, investment in governmental bonds which bear significant amount of interests are missed out by Islamic banks. In spite of all this, the growth and development of Islamic banks have been tremendous in last two years in Pakistan and middle east countries. The system which are followed by conventional banks are different from that which are followed by Islamic banks. Reference Abedifar, P., et al., Islamic banking and finance: recent empirical literature and directions for future research.Journal of Economic Surveys, (2015)29(4), pp.637-670. Abedifar, P., Molyneux, P. and Tarazi, A., Risk in Islamic banking.Review of Finance,17(6), pp.2035-2096. (2013). Ahmed, H., Islamic banking and Shariah compliance: a product development perspective.Journal of Islamic finance.,(2014) 3(2), pp.15-29. Beck, T., Demirg-Kunt, A. and Merrouche, O., Islamic vs. conventional banking: Business model, efficiency and stability.Journal of Banking Finance, (2013)37(2), pp.433-447. Gheeraert, L. and Weill, L., Does Islamic banking development favor macroeconomic efficiency? Evidence on the Islamic finance-growth nexus.Economic modelling, (2015).47, pp.32-39. Iqbal, M. and Molyneux, P.,Thirty years of Islamic banking: History, performance and prospects. Springer. (2016). Karim, R.A.A. and Archer, S.,Islamic finance: the new regulatory challenge. John Wiley Sons. (2013.) Khan, M.S. and Mirakhor, A.,Theoretical studies in Islamic banking and finance. BookBaby. (2015). Makri, V., Tsagkanos, A. and Bellas, A., Determinants of non-performing loans: The case of Eurozone.Panoeconomicus, (2014).61(2), p.193. Rahman, I. and Sulfia, D.J.,Islamic Banking and Finance. Anchor Academic Publishing (2015). Samra, E., Corporate governance in Islamic financial institutions. (2016). karica, B., Determinants of non-performing loans in Central and Eastern European countries.Financial theory and practice, (2014).38(1), pp.37-59. Waemustafa, W. and Sukri, S., Systematic and unsystematic risk determinants of liquidity risk between Islamic and conventional banks. (2016) Wilson, R., The development of Islamic finance in the gulf cooperation council states.The Transformation of the Gulf: Politics, Economics and the Global Order, (2013).146, pp.47-76.