The Value of Human Life - 1514 Words

The Value of Human Life: A Comparison amp; Contrast on Various Models Employed Faculty of Economics Outline There is increasing debate on the question in what value should be placed upon human life. Numerous agencies and policy makers have taken great interest in tackling the issue of human life valuation. Although there is increasing controversies that surround producing estimates for valuing a human life, it is imperative to understand the importance of reaching an economic value attached to a human life. The ability to successfully quantify an individual’s life would provide policy makers a type of compass that would aid them in creating advantageous health policies for an entire society. This paper aims to analyze the†¦show more content†¦Thus, standard HK estimates incorporate a zero value for persons without labor income such as retired individuals with only investment or pension income†, (Landefeld amp; Seskin, 1982). The advantages in using the HK model are two-fold. Primarily there is relative ease in using the HK model as the data that is necessary to compu te the model is not difficult to obtain. Moreover, the HK model provides numerical estimates from indisputable measures without including any objective numbers based on unquantifiable data. The object of the HK model is to place a monetary value on human life from purely economic and productive measures by measuring labor force participation and projected earnings, in which the HK model succeeds. According to Card amp; Mooney however, the HK model has two main weaknesses â€Å"First it takes no account of either the existing decision-making processes in the Health Service or the views of the individual patients at risk. Secondly, it implies that the objective of health care is to add to the productive capacity of the nation, which is true but it is not the sole objective†, (Card amp; Mooney, 1977). In light of the limitations in the HK model, a model that takes a more comprehensive measure of the private valuation individuals place on small reductions in risk and the probability of death. This model is named as the Willingness to Pay Model (WTP). According to Landefeld amp; Seskin the WTP model would take intoShow MoreRelatedValue of a Human Life1400 Words   |  6 Pages Value of a Human Life What is an individual worth in currency? From birth an individual is worth something. Individuals tend to value life with emotion and ethics. Money is not usually placed into the equation of valuing human lives when one thinks about it. Society however, is all about money. People are life and it costs to live. There is always a need for money in life and society acknowledges that. Death is the absence of life, so what is the end value of an individual when life is over? ThisRead MoreThe Value Of Human Life907 Words   |  4 PagesValue of human life Everyone thinks human life is valuable. Some of those against capital punishment believe that human life is so valuable that even the worst murderers should not be deprived of the value of their lives. They believe that the value of the offender s life cannot be destroyed by the offender s bad conduct - even if they have killed someone. Some abolitionists don t go that far. They say that life should be preserved unless there is a very good reason not to, and that the thoseRead MoreThe Value of Human Life Essays543 Words   |  3 PagesValue of Human Life Though our society has adapted and developed, inequality remains prevalent all around the world. Our society assigns value to human live based on ethnicity and gender. Currently around the world there are over 30 million slaves in which 60,000 are in the United States. Even though slavery has been abolished in nearly every country many people still measure the value of individuals in cents and dollars. Should life be calculated in terms of money? How should we as a societyRead MoreEssay on Human Cloning and the Value of Human Life1257 Words   |  6 PagesHuman Cloning and the Value of Human Life To recognize the value of human life, from conception until its natural end, is an achievement of civilization to be safeguarded as a primary good of the person and of society. Today, however, in many societies it is not unusual to see a sort of regression of civilization, the result of an incomplete and sometimes distorted conception of human freedom, which often finds public legitimization in the State legal system. That is, it happens that the respectRead MoreAnton Chekhovs Value of Human Life1132 Words   |  5 PagesValue In the short story The Bet by Anton Chekhov a wager is made that changes the lives of two people. The story begins with a heated argument at a party over which is more moral, capital punishment or life imprisonment. The host of the party, the banker (appositive), believes that capital punishment is more moral because the death sentence kills the victim quicker rather than dragging out the process. A twenty-five year old lawyer at the party responds, saying, he would choose the life sentenceRead MoreLife And Death : Is The Base Of Human Values?1849 Words   |  8 Pageswith dignity and respect no matter of the timing of their death, which is the base of human values. Often times, we are afraid of speaking about death that we avoid the topic. As we grow older and we experience substantial loss, we start to come to the realization that we must also accept our own mortality. Dying with dignity is how we confront our own death and how we make our self-worth count. In many culture life and death are perceive as equally important. A person must be able to have autonomyRead MoreEssay on Capital Punishment Cheapens the Value of Human Life1588 Words   |  7 PagesI have the infallibility of human judgment demonstrated to me†. Why? The following quote by Stewart J sums it up perfectly in that: [T]he penalty of death differs from all other form of criminal punishment, not in degree but in kind. It treats all persons convicted †¦ not as uniquely individual human beings, but as members of a faceless, undifferentiated mass †¦ subjected to the blind infliction of the penalty of death. Death, in its finality, differs more from life imprisonment than a 100-yearRead MoreEuthanasi A Debate Of Morals, Ethics And The Value Of Human Life2388 Words   |  10 Pagesdebate of morals, ethics and the value of human life. Those against euthanasia focus on the word killing, but it is the person doing it to themselves and not someone else especially someone out of vengeance or criminal act. For some it is even a religious stance and say it is God’s will and only he shall decide when someone dies. More importantly those against it fail to see it is about an individual who is terminally ill should have the right to end their own life. Those against euthanasia argueRead Moreranscendentalists Emerson and Thoreau, Recognize the Value of Human Life599 Words   |  3 Pagesphilosophy that valued life and recognized the importance of the human person. They understood that every person has worth and a part to contribute to the world. Abortion, the intended killing of a human life, goes against everything these great men practiced and believed. Man can comprehend this through the use of our own individual intuition and moral courage. The term Transcendentalist describes a group of people who came up with a new approach to solve the conflicts of life. They would look toRead MoreWe live in a society where a life of another human being is losing value by the minute, murder is900 Words   |  4 PagesWe live in a society where a life of another human being is losing value by the minute, murder is almost more common than marriage, and monsters no longer lurk under our beds but inside us. Even sadder, this is acceptable; this is our normal. When we are children, we have an indescribable innocence; we are invincible. As we grow up, life happens, and we go through hardships that break us. Stephen King says it best with the words â€Å"sometimes inhuman places create human monsters† (Stephen King, The

The Fight Against Poverty Around The World - 1394 Words

One of the most important steps in the fight against poverty around the world is the creation of jobs. The most competitive and successful in this direction is the social entrepreneurship. The task of the social enterprises is to contribute to the solving of the social problems and promoting of the people s livelihood. Social enterprises provide jobs for hundreds of thousands of people in the various fields: food production, marketing, credit, insurance, and transportation. The social enterprises open a variety of employment opportunities for the people with disabilities, marginalized groups, youth, and women. In many countries the social enterprises are working closely together with the governmental organizations, both at national and local level. Today, entrepreneurs and enterprises with social responsibility around the world receive support from the non-profit organizations, foundations, governments, and individuals. However, despite the fact that the benefits of social entreprene urship are clear to many, there are many difficulties with its development. There is still not reached a consensus on what â€Å"social enterprise† is and who can be called a social entrepreneur. Some believe that the term â€Å"social entrepreneur† must refer only to the founding organizations, the main source of income of which is the payment of their clients. Others believe that the social entrepreneur is one who performs work on the government contracts, and still others believe the socialShow MoreRelatedPoverty Is A Serious World Problem920 Words   |  4 Pagesto help fight poverty, would you commit to it? A substantial amount of the world’s population suffers from a form of poverty, whether it be monetary poverty, or food poverty. Poverty has become such a prevalent issue throughout history, that it isn’t put into consideration as much as it should be. Poverty is a serious world problem, and truly needs to be stopped. With the guidance of citizen s of the world, groups and charities, the percentage of poverty stricken people around the world could beRead MorePoverty Is A Serious World Problem924 Words   |  4 PagesFighting Poverty If you were asked to donate some of your own items or money to help fight poverty, would you do it? A substantial amount of the world’s population suffers from some sort of poverty, whether it be monetary poverty, or food poverty. Poverty has become such a prevalent issue throughout history, that it isn’t put into consideration as much as it should be. Poverty is a serious world problem, and truly needs to be stopped. With the help of citizens of the world, and different groupsRead MorePoverty Is A Serious World Problem Essay923 Words   |  4 Pageshelp fight poverty, would you do it? A substantial amount of the world’s population suffers from some sort of poverty, whether it be monetary poverty, or food poverty. Poverty has become such a prevalent issue throughout history, that it isn’t put into consideration as much as it should be. Poverty is a serious world problem, and truly needs to be stopped. With the help of citizens of the world, and differe nt groups, and charities, the percentage of poverty stricken people around the world couldRead MorePoverty Is Not A Country Exclusive Issue1164 Words   |  5 Pages Poverty, what is it? Poverty cannot be defined by just one definition. Poverty is a serious worldwide issue that is affecting all of our lives in the world. In Fact,Did you know nearly half of the world’s population, more than three billion people, live on less than two dollars and fifty cents a day. Just think, If you were given that same budget could you survive? Would you be able to live the same lifestyle that you do? The answer is most likely no and this is a mind blowing statistic. StaticsRead MorePoverty : An Effective Means Of Population Control897 Words   |  4 Pagesless fortunate and how they get there. As we learn more about the poverty-stricken, we can understand them better to aid them and break the cycle. Overwhelming amounts of people do not realize the global pandemic that poverty is today. The statistics are heartbreaking. Over half of the children in the world live in poverty, and there are nearly 2.2 billion children in the world. Campaigns have been e stablished to recognize poverty globally. The effectiveness of these campaigns remains relativelyRead MoreMountains beyond Mountains: Dr. Paul Farmer Essay example1336 Words   |  6 Pagesadvocates for the poor throughout his journey, showing the rest of the world how one man can make a difference. Global Social Welfare Haiti is a prime example of how human needs in one area of the world are interdependent with social conditions elsewhere in the world. Haiti, for most of its history has been overwhelmed with economic mismanage and political violence. While in Haiti Dr. Farmer discovers that his patients live in poverty, filth, pain and famine. Many of the Haitian residents will die youngRead MoreHunger Is A Growing Phenomenon1459 Words   |  6 PagesUnfortunately, for the so many people of this world, who are not privileged with the luxury of satisfying the hunger level of the basic human hierarchical needs, hunger supersedes the mere headache, nausea, or mood irritability. We have coined the word – world hunger to group these individuals together, and quite frankly, for these individuals, their only concern in the world, is whether death or their next meal will come first. World hunger is a growing phenomenon that requires proper understatingRead MoreThe Issue Of Aids And Hiv1726 Words à ‚  |  7 PagesThe Issue of AIDS and HIV Zoya Siddiqui In today’s world, it often seems like there are more issues to tackle than people have the capacity to handle. There is the global warming, poverty, hunger, wars, political conflicts, refugee conflicts, etcetera. Though all of these can seem daunting and hard to combat, none of them can be accomplished if the world’s population is not healthy. If people do not have the physical strength to think of new and innovative ways to take on these issues, then no progressRead MoreFactors of Poverty in Namibia782 Words   |  3 PagesThis table portrays the different face on calculating poverty in Namibia but without doubt, it strikes with more energy the rural homes. According to the Central Bureau of Statistics, in 2008, poverty was chiefly spread between homes were English nor German were spoken (around 55 percent of those households) While English and German speaking homes were almost unaffected by poverty. This in terms of sheer consumption means that the poorest sector of the Namibian society only accounts for the 1 percentRead MorePoverty in Poor Families1758 Words   |  7 PagesWhile poverty is inevitable, poverty drags down the development of the world. Living conditions, cause of poverty, barriers to ending poverty, and non-poor contribution can’t afford to be taken lightly. Poverty does not have one clear definition. It is a complex concept referring to multiple situations. By poverty we normally associate it to a situation in which a person fails to earn sufficient income to purchase necessities to life. The basic needs of life are, enough food, clothing, drinking water

Evaluation And Evaluation Of Preservice Foster Parents

An Overview This thesis addresses the evaluation of preservice foster parents training. To determine its value, effectiveness, and outcomes, the thesis is divided into two separate studies. Where the focus is on providing empirical evidence on how preservice training improves the quality of parenting and its contribution to the care of children once they leave their natural home environment. Specifically, the thesis addresses the ability and the validity of preservice training in providing potential foster parents with the knowledge of five competencies that represent the core of the training program. At the beginning of the thesis, the researcher has defined the term foster parent as resource parent. Reflecting the need to expand the term to include the foster parent, kinship carers, and adoptive parents. Moreover, the thesis is developed as a research study with the approval and sponsorship of the Ontario Association of Children s Aid Societies (OACAS). Consequently, the thesis, as a research study, has followed the models, rules and regulation of OACAS anticipating to address the purpose of the study. Specifically, the purpose of the study was adopted and implemented in the year 2005 by the Ministry of Children and Youth Services. In addition to, it was defined as, †¦to meet the needs of children and families being referred to child welfare agencies more effectively (p. 8). Furthermore, the thesis was divided into two separate exploratory studies using multi-methodShow MoreRelated Teachers Education Essay1648 Words   |  7 Pageswho can use technology effectively in the global market place in order to maximize productivity. Thus, the challenges and educational goals for schools should focus on creating appropriate learning environments that integrate technology as well as foster the needed skills to empower students. This paper describes the characteristics of teacher-centered classrooms and student-centered learning environment. In addition, this paper will expl ain the significance of teacher education for the effectiveRead MoreCharacteristics Of An Effective Mathematics Teacher Essay1793 Words   |  8 Pagesproficiencies. Effective teachers provide students with opportunities to make sense of ideas both independently and collaboratively. Effective teachers facilitate classroom dialogue that is focused towards mathematical argumentation. Effective teacher foster the use, as well as the understanding, of appropriate mathematical language (terms and expressions). Effective teachers understand that selected tasks and examples influence how students come to view, develop, use, and make sense of mathematics. EffectiveRead MoreEymp 12314 Words   |  10 Pagesbehind; †¢ a secure foundation through learning and development opportunities which are planned around the needs and interests of each individual child and are assessed and reviewed regularly; †¢ partnership working between practitioners and with parents and/or carers; †¢ equality of opportunity and anti-discriminatory practice, ensuring that every child is included and supported. The EYFS framework specifies requirements for learning and development and for safeguarding children and promotingRead MoreThe Field Of Education And Hospitality And Tourism2822 Words   |  12 Pagesachievement and prior teaching results. Prior academic achievement is in regards to past test scores, collegiate GPA, and scores on teaching exams. Prior teaching results include items such s student test score growth for each teacher, principal evaluations, or other highlights from a teacher’s classroom work provided said teacher has experience in the classroom. When considering an application principles have unique ideas on what is desirable and those ideas may not correspond with the ideas of otherRead MoreResearch Capabilities of Teacher Education Students10725 Words   |  43 Pagesthesis (Guangco, 1999). One of the indicators that make a school a research institution is research capability. An institution should have a research program and a community of faculty, postgraduate students, and postdoctoral research workers that foster and support creative research and other scholarly activity. An institution is judged by high level of research skills, a strong research culture, and a fully implemented research agenda supported by adequate resources and well-defined mechanismsRead Morepreschool Essay46149 Words   |  185 Pageshigh-quality preschool programs. With the goal of ensuring that all preschools in California offer highquality programs, the California Department of Education collaborated with leading early childhood educators, researchers, advocates, and parents to develop Volume 2 of the preschool learning foundations. The foundations outline key knowl ­ edge and skills that most children can achieve when provided with the kinds of interactions, instruction, and environments shown by research to promote

A Brief Note On The Sun And The Circumstances Of The...

Racism – the word has a harsh sound to the ear and racism’s effects deliver a harsh reality to victims. The novel Raisin in the Sun and the circumstances of the Moulin Rouge Hotel-Casino in Las Vegas, Nevada, tell how racism destroyed dreams and crushed the soul through discrimination and lost opportunity. But there’s another side to the racism story. For some of the oppressed, discrimination and hardship will be fought with perseverance and achievement. In both the fictional Raisin in the Sun and the historical Moulin-Rouge Casino, a black woman, against great odds, will achieve personal and historic success. Racism in America directed toward black people originated over 300 years ago with the first importation of black slaves into the America from Africa (Frederickson). While great progress in eliminating explicit racism has taken place, American society has far to go in ensuring that blacks have the same protections, advantages and freedoms as whites. Raci al discrimination in this country continues to harm millions of black Americans whether it is through an inferior education, unfair treatment in the judicial and law enforcement systems or delivery of sub-optimal health care. While the government can play a role in solving this problem with legislation, equitable law enforcement and national education, it will also take a recognition of the problem and then a focused, long-term effort by generations of families to acknowledge and remove the many stumbling blocks of

The Cuban Missile Crisis The Cold War - 1081 Words

We’re eyeball to eyeball, and I think the other fellow just blinked. ~ Secretary of State Dean Rusk (LaFeber, p. 422). This prominent line was uttered after the Poltava (Soviet ship conveying IRBM missiles to Cuba) turned away from its intended destination, which marked the end of the sinister Cuban Missile Crisis (â€Å"Bos†, pgh. 2). The Cold War was a perpetual state of political animosity entailing the employment of propaganda, ultimatums, and other nonviolent means, which existed between the two universal superpowers (the United States of America and the Union of Soviet Socialist Republics [U.S.S.R.]) that had recently emerged at the closing of World War II. Albeit the Cold War is chronicled to have persisted from the late 1940’s to the†¦show more content†¦After World War II, according to Margaret MacMillan’s article published by The Guardian, both counties prospered greatly: â€Å"the United States was both a military power and an economic one; the Soviet Union had only brute force and the intangible attraction of Marxist ideology to keep its own people down and manage its newly acquired empire in the heart of Europe† (â€Å"MacMillan†, pgh. 6). Furthermore, Cuba itself also underwent drastic domestic changes (that is, the Cuban Revolution [1953–1959]), which served to deteriorate its relations with America while, contemporaneously, strengthening its ties with the U.S.S.R. Consequently, Cuba’s revolutionary regime, latterly induced by its leaders Che Guevara and Fidel Castro, grew progressively reliant on its freshly created amity with the U.S.S.R., which both shared corresponding ideological perspectives (namely, Marxism–Leninism) (â€Å"Cuba†, pgh. 1; â€Å"Marxism†, pgh. 1; Zelinski, p. 34). The Cuban Missile Crisis was patently an inordinately tense moment in history; accordingly, there must be an entity that is to be accounted most guilty for nearly bringing the world to a pitiful and devastating end. The United States of America is to be held most liable and culpable, out of the three pr imal nations enmeshed in the predicament, for instigating the Cuban Missile Crisis of 1962. An examination of the aspects that America had nefariously

Psychological Problems Employee Engagement-Myassignmenthelp.Com

Question: Discuss About The Psychological Problems Employee Engagement? Answer: Introduction Employees tend to have preferences on working environments based on the offering and satisfaction rates received. Work environments have differing operations which affect the rate at which employees can desire or decline employment offers. The little things ranging from operations, employee motivation, and work culture inform on the benefits of working for one firm over the other. The report documents one of the firms where workers prefer working for based on the employee products it offers. Besides, an overview of the company is provided which points out the key issues leading to its suitability. As such, the paper focuses on the issues that make the firm desired which increases its performance. Company Overview Commonwealth Bank is a leading financial firm providing financial services such as premium, business, retail, and institution-based banking. The bank is an Australian bank with branches spread across the United States, United Kingdom, and New Zealand among other locations. Further, it deals with insurance, shares and broking services. The firm is vast given the services offered thus commanding more than 800,000 shareholders and over 50,000 employees spread across all its branches (glassdoor 2017). The firm boasts of being an equal employer having adopted several people from different races, ethnicity groups, and color thus raising its image. Performance of the Bank Commonwealth Bank is one of the few areas in Australia where workers feel proud to work as it offers lots of opportunities within the banking world. The bank has a well-developed culture where teamwork remains superior towards enriching the lives of its employees (glassdoor 2017). Upon entry, existing staff receive a warm welcome from the colleagues who quickly assist them to settle down and adapt to the culture which is essential towards gaining experience. Besides, the job culture invested within the bank remains efficient as the employees strive to help their fellow workers in motivating one another in the friendly environment. The employee culture of feedback on issues empowers colleagues in the workplace as far as the use of technology, programs, and customer service are concerned (Seek 2017). The culture is essential for the development of employees and in driving and motivating individuals. Moreover, the bank permits its workers to join unions and enjoy the full benefits of collective bargaining agreements. Uniforms in the bank are constantly refreshed thus assisting them maintaining a healthy image and developing a good feeling among the workers. On the other hand, the firm provides a peaceful work environment where employees work in spacious and modern offices with adequate security standards (Seek 2017). The firm has several resources in its environment to create and ensure appropriate conditions for their workers which encourages professional growth. In ensuring workers remain and focus on their career, job security is guaranteed by the institution, thus bolstering the worker's morale. According to Co?ar, Guner, and Tybout (2016), employees tend to be comfortable in environments where job security is guaranteed. Job security assists employees in investing all their efforts and abilities in the workplace thus growing the skills and experience needed for a superior service delivery. The management of the bank is confident in the way it appreciates its employees. The bank offers several benefits to workers where it shows appreciation for performing employees and facilitates training for the under-performing workers. Positive handling of employees, while taking into account their issues and handling them towards better performance (Co?ar, Guner and Tybout 2016). Besides, the large size of the firm offers several rooms for development and progress where employees can be promoted and transferred to their subsequent offices in diverse locations. Moreover, the bank has a proper work-life balance where individuals receive time with their family due to the adequate human resource planning. Employees feel much motivated whenever the time is created for their family especially for women whose role at home remains critical. Work-life balance is essential towards increasing efficiency among employees whose core reason for working remains to fend for their families (Dollard and Bakker 2010). Further, the bank allocates adequate leave days for the workers according to the labor rules which act as a motivation for the employees. The firms feedback system is efficient in that it addresses the plights raised by the employees in due time to avoid complications. Whenever employees pose a query, the management is ready to deal with issues and bring calm to situations which might escalate to worse scenarios (Indeed 2017). As such, it gives room for employees to settle and focus on the work as issues remain addressed. The possibility of having such practices in organizations assist in avoiding strikes and demonstrations which would cause a reduction in productivity and a rise in employee turnover rate. Supportive management guarantees a smooth working process which translates into increased productivity thus growth in reputation. All these factors count towards the management and sustainability of the banks employees. Recommendations Organizations continue to grapple with the challenge of high employee turnover situations. Unknown to them, unsatisfied employees remain on the lookout for other greener pastures whenever mishandled yet yielding profits for firms. Employees remain core factors to the success of any business. In this respect, it is prudent to hold on their issues with concern while creating a vibrant environment for them to thrive professionally (Al Ariss, Cascio, and Paauwe 2014). Businesses need to emulate the example set by Commonwealth Bank in providing a positive culture within the work environment. At the same time, there is the need for organizations to motivate their employees through better remuneration, provision of a balanced work-life situation that propels performance. Besides, being supportive of one another within a work environment assists in bolstering success. Firms need to learn to embrace training opportunities to enrich their workers while preparing them for higher positions which enhance professionalism and career growth (Al Ariss, Cascio, and Paauwe 2014). Employees no longer seem attracted to better salaries, but rather active and happy work environment where their rights remain a priority. Organizations need to consider the plight of workers and addressing them on time thus increasing the production rate, thus a translation into real success. Conclusion Employee concern remains critical in raising the desirable nature of businesses. At the same time, it assists in retaining and attracting qualified workers for development. In this case, Commonwealth Bank has managed to demonstrate the same given the happy nature of its employees. The low employee turnover rate indicates a positive image and trust in working for the firm. There is a need for other businesses to borrow a leaf from the case and build their empires through hard work References Al Ariss, A., Cascio, W.F. and Paauwe, J., 2014. Talent management: Current theories and future research directions.Journal of World Business,49(2), pp.173-179. Co?ar, A.K., Guner, N. and Tybout, J., 2016. Firm dynamics, job turnover, and wage distributions in an open economy.The American Economic Review,106(3), pp.625-663. Dollard, M.F. and Bakker, A.B., 2010. Psychosocial safety climate as a precursor to conducive work environments, psychological health problems, and employee engagement.Journal of Occupational and Organizational Psychology,83(3), pp.579-599. Glassdoor. 2017. Commonwealth Bank of Australia: Overview. Retrieved from https://www.glassdoor.com/Overview/Working-at-Commonwealth-Bank-of-Australia-EI_IE7922.11,41.htm Indeed. 2017. Commonwealth Bank Employee Reviews. Retrieved from https://www.indeed.com/cmp/Commonwealth-Bank/reviews Seek. 2017. Commonwealth Bank of Australia: working at Commonwealth Bank of Australia. Retrieved from https://www.seek.com.au/companies/commonwealth-bank-of-australia-432306

Operational Management for Produced Products -MyAssignmenthelp

Question: Discuss about theOperational Management for Produced Products. Answer: Introduction The principal aim of this paper is to identify and describe why operational management has increased in importance in recent times. Operational management is a vital aspect of the Directorate and operations of different companies because it forms a multi-disciplinary area that focuses on managing all aspects of operations within organizations. Each feature of administration in present times relies closely in sequence to succed in their operations (Demetris 2012).Therefore, the shifting conditions and situations have demanded the call for the accurate distribution of data at different level of administration. Besides, the development, as well as application of systems for managing information, remains to be a current occurrence related with application of suitable data leading towards favorable preparation, the proper process of making a decision, along with best outcomes in using operations. Identification of Increased Importance of Operational Management Executive management has grown in importance in recent times because it helps in improving the ideas of the operations function in various types of organization. It facilitates the identification of the common set of objectives that the operational managers aspire to serve their clients. It also aids in explaining how operations of a company can have the important strategic function. According to Wu Coolen (2013), operational management concerns about how different organizations produce their services and goods. Everything that people in the society eat, wear, and use among other things comes to people courtesy of the operations managers who organized its production and distribution. In most cases, operational management consists of three major topics. These three major questions comprise of finance management, management of operations, and marketing of produced products. These classes make operational management to be a significant factor in all types of organization. In some types of organizations, it is easy to visualize the operations function and what the organization does even without have explicit knowledge of its operations. The operational management has thus evolved to include similar management tasks to business irrespective of what industry or business an individual operates. The evolvement of operational management has been necessary as it facilitates the ideas for planning, staffing, organizing activities, controlling, motivating, and directing employees. Moreover, operational management has the responsibility of acquisition of inputs and devising on the ideal methods of production to allow for the occurrence of value addition in the most efficient approach (Dauzere-Peres Lassere 2012). Therefore, operational management has increased in importance because it plays a role in ensuring the smooth production process. Achievement of such production processes contributes to the output of goods and services of the organization. Operational management can increase in their roles in recent times because it comprises of various characteristics that are significant to control production processes within organizations. Some of those features of operational management include the focus on an organization's core functions. It also includes existing in every society whether manufacturing or service, for profit or non-for-profit (Cernauskau Tarantino 2013). The other characteristic of operational management is that most businesses receive support from the functions of operations, finance, and marketing. Moreover, operational management allows all the major functional areas to interact to achieve the set goals and objectives for an organization. These characteristics allow operational management to play major roles making it have an increased significant in recent times (Nguyen 2015). Operational management plays the roles such as the transformation of inputs to outputs. Here, OP involves the conversion of inputs su ch as resources that comprise of people, materials, and money to outputs such as goods along with services. The increase in the importance of operational management arises because OP focuses on the function of provision of products or service that is essential for the entire global population. Description of Increased Importance of Operational Management The most valuable skills comprise of organizational capabilities, people skills, coordination of processes, analytic abilities, and understanding of operational procedures, and creativity. All these skills can only be available through operational management. Therefore, increase in demand for these skills for efficient operations of an organization have made ideas of operational control to be on the rise. For instance, organizational abilities that aid in controlling several processes in the body require the set of skills right from planning and prioritization through execution to monitoring (Theys Kunsch 2014). These skills have been essential in helping the management of an organization to achieve productivity efficiency. Operational management has also assisted in coordinating processes by analyzing and explaining the ideas people can optimize for maximum effectiveness. The need for making quick decisions and clear focus in solving problems have resulted in the involvement of ope rational management to be very helpful to help in such scenarios. The increase in the creation of different goods and services through the process that includes planning, coordinating, controlling, and organizing all the resources needed for the production of goods and services of a company have made operational management to be an essential factor in achieving all these objective. However, because operational management continues to be the management function, it consists of managing individuals, technology, equipment, information, along with every other resource needed in the process of production of products and services. As reported by Martin (2012), operational management becomes the central core function of every company in recent times. The importance of operational management in the enterprise remains to be real regardless of the operations size, the company involved, whether it is a manufacturing or servicing, for profit or not for profit., but what matters is what operational management does to their operations. Operational management in recent times is essential in performing the transformational duties in the process of converting inputs like raw materials into finished products and services. These data comprises of human resources like employee and employers, facilities, and processes such as building and equipment. The inputs for the invention can also include technology, materials, and information (Ricci 2015). The role of transformational of operational management in recent times makes the function to be the engine room of every organization. These transformations make the operation management to be directly responsible for several activities along with decisions. These activities and decisions can give rise to several product designs and delivery problems. In several organizations, the importance of operational management has increased because it helps in organizing resources to transform outcome of every operation. From Estcourt (2014) report, designing along with the administration of transactions within various companies influences how much material resources are consumable to manufacture goods or deliver the service. The idea should ensure that there are enough inventories for the production to meet the needs reach customer while ensuring that the produced item is as per the request of the client. Many of these decisions within the operations of a company tend to be costly. It is for this reason that operational management continues to be a function that makes organizations go to improve their performances and financial bottom line during their operations. Activities in the Organization and Supply Chain The operational management plays the crucial function in the supply chain and activities of the organization in recent times. Without the operational management, there would be no production of items for sale. Moreover, operations are not able to operate in isolation from other function of business. Presently, business to work, there is a need for collaboration with marketing strategies to assist in understanding the ec=xact requirements of a particular group of consumers in the marketplaces. The proper knowledge of customer needs aid in designing the exact products that consumers need while creating the production processes to produce the products (Gao et a., 2017). Marketing practices in recent times need to understand capabilities of operations of a company. Tese capabilities can include the type of products it can develop and the limitations of the process of production. The existence of operational management in present world has helped in operations of companies to improve on i deas of production. Besides, operational management has increased in importance in recent times because it ensures that every stakeholder of a company can fit with the other organizational function in a correct manner. The strategic, operational management plays a significant purpose of operations in business in ensuring that every stakeholder meets their goals (Gabaik Landier 2013). Such idea means that operational management has been able to involve in the development of the objectives of business so that every operational department learn what resource and production approach needed to meet set goals. Conclusion Operational management has increasingly become an important aspect currently because typical organizations tend to carry out several functions as the part of its operations. Operational control has been the primary factor that makes business to work accountable about preparation, coordination, and scheming of the assets essential to create yileds for the organization. Operational supervision has been vital in current business operations because it provides the ideas for the administration of best business practices. These practices are necessary for the creation of the highest level of efficiency possible within the corporation. 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