Reliance Industries Limited: Effect of Globalisation

Reliance Industries Limited: Effect of Globalisation The Reliance Group, founded by Dhirubhai H. Ambani, and is one of the largest private sector companies in India, with businesses in the energy and materials value chain. Reliance Groups annual revenues are in excess of US$ 58 billion. The flagship company, Reliance Industries Limited, is a Fortune Global 500 company. Reliance activities span exploration and production of oil and gas, petroleum refining and marketing, petrochemicals (polyester, fibre intermediates, plastics and chemicals), textiles, retail and special economic zones. Reliance is the largest polyester yarn and fibre producer in the world and among the top five to ten producers in the world in major petrochemical products. Major Group Companies are Reliance Industries Limited (including main subsidiary Reliance Retail Limited) andÂÂ  Reliance Industrial Infrastructure Limited. Reliance Group is a highly diversified group and is in to multiproduct business like oil/gas exploration, retail of petro/consumer products and mfg. of petrochemical/refining and textile products. Here I have summarised how Globalisation has affected the survival and sustainable development of Reliance Industries Ltd. GLOBALISATION If I were to summarise in one word as to what is Globalisation Liberalisation is leading to.. I will say Competition. Globalisation has a significant impact on entrepreneurial enterprises in many ways. Globalisation provides a great opportunity for entrepreneurial ventures to expand their business internationally. With the help of local governments, large corporations, and international organisations, entrepreneurial enterprises are able to confront the challenges posed by globalisation and economic liberalisation, to improve their competitiveness in the global market, and better serve the global consumers. A number of hypotheses are examined to understand how globalisation has affected the survival and sustainable development of entrepreneurial enterprises. Globalisation has forced Reliance in the following ways It has aligned with the global trends Development policies and compensation systems were put in place. Built leaders within organisation, within this talent pool. International Business Environment affects the development of RIL India imports about two-thirds of its crude oil requirement. Exploration and production of oil and gas is critical for Indias energy security and economic growth. Reliances oil and gas exploration and production business is therefore inexorably linked with the national imperative. Exploration and production, the initial link in the energy and materials value chain, remains a major growth area and Reliance envisions evolving as a global energy major. Over the years the EP industry has registered significant growth, primarily due to spiraling crude oil and gas prices. With growing competition and ever growing demand for energy, especially from developing countries, the focus is on energy security. RIL began gas production within six and a half years of gas discovery, in comparison to the world average of 9-10 years for similar deep water production facilities. Continuous gas production for about a year, with 100% uptime, once again demonstrates the Companys flawless commissioning and execution capabilities. In April 2010, RIL entered into a joint venture with the USA based Atlas Energy, Inc. (Atlas) under which RIL acquired 40% interest in Atlas core Marcellus Shale acreage position. RIL has become a partner in approximately 300,000 net acres of undeveloped leasehold in the core area of the Marcellus Shale region in south western Pennsylvania for an acquisition cost of $ 339 million and an additional $ 1.36 billion capital costs under a carry arrangement for 75% of Atlass capital costs over an anticipated seven and a half year development programme. Low operating costs and proximity to USA northeast gas markets combine to make the Marcellus Shale region one of the most economically attractive, unconventional natural gas resources play in North America. The acreage will support the drilling of over 3,000 wells with a resource potential of approximately 13.3 Trillion Cubic Feet equivalent (TCFe). While Atlas will serve as the development operator for the joint venture, RIL is expected to become a development operator in certain regions in the coming years in the JV. Atlas will continue acquiring leasehold in the Marcellus Shale region and RIL will have the option to acquire 40% share in all new acreages. RIL also obtained the right of first offer with respect to potential future sales by Atlas of around 280,000 additional Appalachian acres currently controlled by Atlas (not included in the present joint venture). The RIL-Atlas joint venture has the potential to become one of the largest prime acreage holders in the Marcellus Shale region. This joint venture will materially increase RILs resource base and provide an entirely new platform from which to grow its exploration and production business while simultaneously enhancing its ability to operate unconventional projects in the future. Additionally, RIL has farmed out 20% PI in the blocks Borojo North and Borojo South in Colombia; and 30% PI in block 18 and 25% PI in block 41 in Oman. The Regional Government of Kurdistan has assigned third party participating interest of 20% each in blocks Rovi and Sarta to M/s OVM; the assigned agreement is yet to be signed by RIL. RIL now has 13 blocks in its international EP portfolio including 2 in Peru, 3 in Yemen (1 producing and 2 exploratory), 2 each in Oman, Kurdistan and Colombia, 1 each in East Timor and Australia; amounting to a total acreage of over 93,500 sq. kms. Sustainability Strategy adopted/used by RIL in Global Markets Reliance has made sustainable development a cornerstone of its business strategy to achieve sustainable and profitable growth. RIL adopted principle of materiality and prioritized key issues after collective deliberation by management and key stakeholders. These issues include; Energy Security, Health Safety, Corporate Governance and Transparency, Product Responsibility, Climate Change and Waste Management. RIL sustainable development strategy draws on proven technology and risk management framework and evolves from the materiality analysis that has been performing over the years. The focus areas under sustainability development strategy include the following: Energy Security As a company RIL involved in the energy and materials value chain, so it is committed to responsible use of energy. Its systems and processes ensure optimum energy usage by continuous monitoring of all forms of energy and increasing the efficiency of operations. Growth through Innovation RIL firmly believe that growth through innovation will give a big competitive advantage and will be a key differentiator. Companies goal is to make RIL one of the most innovative companies in the world and to achieve breakthrough growth in revenues and profits by creating and implementing sustainable solutions. RIL is developing an innovative ecosystem that builds on organisational systems and processes, talent management, open innovation and world class RD facilities. Health and Safety Safety overrides all production targets this vision drives RIL to continuously look for ways to achieve zero accident at workplace. RIL vision is to develop a dedicated pool of safety professionals and lead in safety performance across its operations by focusing on process safety and behavioural safety.. Environment Protecting the environment and preserving natural resources is a high priority area. Through annual environment plan and business targets, RIL identify projects and take action to reduce water consumption and become carbon neutral and achieve maximum possible recycling and reuse of wastes. RIL set targets for key environment-related performance indicators such as material intensity, GHG emissions, air quality, water consumption, effluent discharge, waste generation and disposal, and conservation of bio-diversity. Product Responsibility For RIL, product responsibility is to offer efficient and reliable product and services with minimum environmental impact throughout the life cycle of the product from the cradle to the grave. Its product and services are designed, manufactured and delivered with principle consideration of customer safety. Social Institution Building Social welfare and community development is at the core of RIL/s Corporate Social Responsibility (CSR) philosophy. RIL strategy is to have close and continuous interaction with the people and communities around our manufacturing divisions to bring qualitative changes and support the underprivileged. Strategy Milestones Made significant investments in EP of OG to secure energy supplies Implemented systems to monitor and measure sustainability performance Introduced sustainability awareness programmes in the intranet Formed the Reliance Innovation Council Sustainability report assured by an independent assurance provider

Level of Stress Among Call Centre Employees Essay

Level of Stress among Call Centre Employees Submission date: 8th January, 2008 Submitted By: Ayesha Khalid Ayesha Sarfaraz Nazool-e-Tabassum Saira Khan Mussaffa Butt Submitted to Dr. Farah Malik Associate Professor Department of Psychology Government College University Lahore Introduction Stress is used as a general label for a vast complex, interdisciplinary area of interest and study, much of which is health related. Most often stress is related to personal discomfort associated with an over demanding or distressinglifestyle situation (Adams & Bromley, 1998) stress is a part of everyday life, we experience stress each day, although it is acknowledged that the degree of stress varies considerably depending on the complexity of the situation and availability of support. For some, the stress is manageable and work or home life is not affected. For others, however, the stress reaches a critical point where there may be a need for medical or psychiatric assistance (Weiten, 2001). The causes of stress can include any event or occurrence that a person considers a threat to his or her coping strategies or resources. Researchers generally agree that a certain degree of stress is a normal part of a living organism’s response to the inevitable changes in its physical or social environment, and that positive, as well as negative, events can generate stress as well as negative occurrences (Frey, 2002). There can be innumerable stress factors since different individuals react differently to the samestress conditions. Extreme stress situations for an individual may prove to be mild for another,for yet another person the situations might not qualify as stressing at all. (http://www. lifepositive. com/stress. html). The fact that women report and exhibit higher level of psychological distress than men has been explained in three major ways. The methodological artifact explanation suggests that women are socialized to be more expressive and therefore will admit more emotional symptoms than men in response to the standard psychological stress (Frey, 2002). The stress exposure argument suggests that women face more stressor in general or more severe, persistent stressors than men. Whereas the vulnerability argument suggest that women lack coping resources such as high self esteem, a sense of mastery or appropriate coping strategies for handling the stressors to which they are exposed. Newman (1984 c. f. Eckenrode, 1991) suggested that women over report minor symptoms that inflate over all distress scores (Eller, 2000). Stress in humans in general results from interactions between persons and their environment that are perceived as straining or exceeding their adaptive capacities and threatening their well-being. The element of perception indicates that human stress responses reflect differences in personality, as well as differences in physical strength or general health (Frey, 2002). Stress is often termed asa twentieth century syndrome, born out of man’s race towards modern progress and its ensuingcomplexities. For that matter, causes such as a simple flight delay to managing a teenage child athome can put you under stress. Listing the causes of stress is tricky yet replete with practical diversity (http://www. lifepositive. com/stress. html). General cause of stress include primarily, Threat; a perceived threat will lead a person to feel stressed. This can include physical threats, social threats, financial threat, and so on. Fear; Fear leads to imagined outcomes, which are the real source of stress. Uncertainty; When people are not certain, they are unable to predict, and hence feel they are not in control, and hence may feel fear or feel threatened by that which is causing the uncertainty (http://www. workstress. net/causes. htm). Apart from certain general causes another reason is cognitive dissonance; it is when there is a gap between what people do and what they think, then the outcome experience is cognitive dissonance, which is felt as stress.

Life & Wessex King Essay

Life in the past was characterized with lots of battles between rival territories. This resulted to the rise of powerful empires and the measure of power during those days was through the number of wars fought. Warriors of those days were called Vikings. A Viking also denotes a pirate, merchant or explorer. These Norsemen normally used long ships to travel in the sea to all the places of their interest and used the same vessels to fight their enemies. The Vikings are traced to have originated in the early 17th century in the German territory. The initiator of Vikings in the Iceland is Erik the red. He lived all his life ruling his people after which his son picked the mantle from him (Gwyn, J. 2000). SCANDINAVIA The term Scandinavia is both a historical a major geographical part in the world. There exist also a people who are identified as the Scandinavians. According to the geographical setting, Scandinavia is located in the Northern Europe, a place called Scandinavian Peninsula. The kingdoms that existed in the Scandinavian region include: Finland, Norway and partly Denmark. A lot of research done also reveal that Sweden and Iceland also form part of this robust history. All these regions put together are further referred to as Nordic region. The geographical orientation of Scandinavia is rather ambiguous. The region spreads from the Norwegian Fjords all the way to the low areas in Denmark through the Scandinavian Mountains and to the archipelagos of Sweden and Norway. This region has diverse group of people and for this reason, there exist more that one dialect. The languages that were spoken in these regions included Norway, Sweden and Denmark dialects. These people usually understood each other and thus had mutual understanding. DO THE VIKINGS RIGHTFULLY DESERVE THE REPUTATION THAT THEY WERE CRUEL, MURDEROUS BARBARIANS? WHY? WHY NOT? The Vikings performed most of their ventures through wars. It is evident that a normal way of dressing was to be attire that is characteristic of a warrior. The males had war uniforms all the time. From the first time that the Vikings entered a territory, war had to be fought. It is mandatory that people must die in the event of war. The death of people was so common to these northern tribes that any one could talk of them to be cruel and murderous. Other ventures like sea piracy and looting were associated with brutality and blood shed. The victims of such encounters were left counting their losses if they were not dead. Erik who is one of the founders of the Vikings movement was actually observed to murder many people in his native land until he was expelled to go to exile, the result which led to the discovery of Ice land. EXPLAIN THE ROLE OF WESSEX, IN REGARD TO THE VIKINGS IN ENGLAND. The Wessex territory was known for its great power during the year 878. This territory had great potential that any attacker could admire. Te Wessex King of that time planed for a very efficient army that was to fight and defeat the Viking warriors. This king managed to resist the Vikings and with time became pronounced as Alfred the great. His territory was a centre for trade, commerce and administration. The Vikings however invaded this land and took loots from it as usual. The Wessex region acted as a real opposition to the advances of the Vikings. Every one feared the Vikings. The sight of these raiders approaching a region would send cold shivers down the guts of every king. King Alfred however managed to escape them, even though he was later cornered. The Wessex region became a home of habitation to some Vikings although others separated from the settling camp and continued with invasion. Wessex became a point mark towards bringing an end to the Viking advances in war. HOW DID THE VIKINGS CONTRIBUTE TO THE BREAK-UP OF THE CAROLINGIAN EMPIRE? The Vikings were a major threat to the kings during the Viking age. The Vikings attached Carolingian empire in the year 885 and 886 leading to the defeat of their kings. In 845, the Viking warriors sailed to seine in France and attacked it. The end result of this was a defeat to the Carolingian empire and the kings that followed were just puppet rulers who were initiated by the Vikings. This led to the fall of this empire and it took along time to come up again. EXPLAIN THE VARIOUS PHASES INVOLVED IN VIKING RAIDS. Vikings mainly had 3 phases of raids. The very first phase said to have lasted from 790-840. The Vikings used very shallow draught long ships. They always used these ships because they were suitable majorly for surprise attacks in the coastal towns. The size of these vessels was so small so that the Vikings could rush and attack very fast. With this they attacked Frisia and Aquitane. The second level of attacks occurred between 841 and 875 and the number of raids increased. The Vikings attacked by killing or enslaving their victims. With this, the attacks proceeded to the Mediterranean Sea. 876 to 911 saw the introduction of the third phase. With this, the Vikings started to invade frnce and other parts of Europe. They also developed their own fleets that were used to attack distance empires.

The Story Of An Hour By Kate Chopin - 1137 Words

Antonio Anteola Professor Sophia Funk Enc1102 / 869023 3 September 2015 An Analysis On The Story of an Hour In the story of an hour, Kate Chopin has depicted a tone amongst many wives of the late nineteenth century. Women, by this time, were very far from the nineteenth amendment to the Constitution or the â€Å"Women’s Suffrage Movement.† What this explains is that women of this era are still being undermined by society, neither unequal nor independent from that of the voice of the masculine gender. This treatment towards women was a domestic one. Many betrothed women of this timeframe were unhappy in their marriages, due to a culture that shunned the idea of a free and empowered woman. The underlying meaning that Kate Chopin wanted to convey in The Story of an Hour, is that woman of the late nineteenth century were repressed, unhappy, and imprisoned in their marriages. Chopin presents Mrs. Mallard as a thoughtful character with quality and knowledge. As Louise comprehends the world, to lose her most grounded tie to her family is but rather an incredible misfortune a chance to move past the servitude of individual connections. Specifically, American wives in the late nineteenth century were legitimately bound to their spouses energy and status, but since dowagers did not endure the obligation of discovering or taking after a spouse, they increased more lawful acknowledgment and regularly had more control over their lives. Despite the fact that Chopin does not particularlyShow MoreRelatedThe Story Of An Hour By Kate Chopin1241 Words   |  5 Pagesâ€Å"The Story of an Hour† by Kate Chopin is a wonderful short story bursting with many peculiar twists and turns. Written in 1894, the author tells a tale of a woman who learns of her husband’s death, but comes to find pleasure in it. Many of the elements Kate Chopin writes about in this s tory symbolize something more than just the surface meaning. Through this short story, told in less than one thousand one hundred words, Kate Chopin illustrates a deeper meaning of Mrs. Mallard’s marriage with herRead MoreThe Story Of An Hour By Kate Chopin855 Words   |  4 PagesThe Story of an Hour In the â€Å"Story of an Hour† by Kate Chopin, is about pleasure of freedom and the oppression of marriage. Just like in Kate Chopin’s story, inside most marriages, even the ones that seem to be the happiest, one can be oppressed. Even though, one might seem to be happy deep inside they miss the pleasure of freedom and living life to the fullest. Just like, in this story Mrs. Mallard feels trapped and when she hears about her husband’s death she first feels distraught, but ultimatelyRead MoreThe Story Of An Hour By Kate Chopin1457 Words   |  6 PagesEmotions and Death Everyone who reads a story will interpret things slightly different than the person who reads it before or after him or her. This idea plays out with most every story, book, song, and movie. These interpretations create conflict and allow people to discuss different ideas and opinions. Without this conflict of thought there is no one devoting time to debate the true meaning of a text. Kate Chopin’s â€Å"The Story of an Hour† tells about a woman who is informed of her husbands deathRead MoreThe Story Of An Hour By Kate Chopin987 Words   |  4 PagesIn Kate Chopin’s short story, â€Å"The Story of an Hour† reader’s see a potentially long story put into a few pages filled with rising action, climax and even death. In the beginning of the story, character Louise Mallard, who has a heart condition, is told of the death of her husband by her sister and one of her husband’s friends. Afterwards Mrs. Mallard is filled with emptiness and then joy of freedom. This joy of freedom is actually what consequently leads to her death in the end when she discoversRead MoreThe Story Of An Hour By Kate Chopin1061 Words   |  5 PagesThroughout the short story, â€Å"The Story of an Hour†, readers are introduced to characters whose lives change drastically in the course of this writing. Through Kate Chopin’s story we can identify many different themes and examples of symbolism in her writing. Chopin’s choice of themes in this writing are no surprise due to the time frame of which this story was written. Chopin often wrote stories with of women’s rights, and is noted as one of America’s first open feminists. As this story of an ill, helplessRead MoreThe Story Of An Hour By Kate Chopin972 Words   |  4 Pagesâ€Å"The Story of an Hour† by Kate Chopin expresses Ms. Mallard’s feelings towards her husband’s death in an appalling train accident. Due to her bad heart, her sister Josep hine had to be the bearer of bad news and approach his death gently to her. According to the quote, â€Å" But now there was a dull stare in her eyes, whose gaze was fixed away off yonder on one of those patches of blue sky. It was not a glance of reflection, but rather indicated a suspension of intelligent thought†, it lets us know thatRead MoreThe Story Of An Hour By Kate Chopin998 Words   |  4 Pagesâ€Å"The story of an hour† by Kate Chopin was a story that was ironical yet profoundly deep. As a student I have been asked to read â€Å"a story of an hour† many times, and every time I’m surprised by how I enjoy it. People can read thousands of stories in their life times and only a handful will every stand out to them, stories that can draw out an emotion or spark a thought are the ones that will standout more. For me and â€Å"a story of an hour† the thought of freedom is what draws me the most as a teenageRead MoreThe Story Of An Hour By Kat e Chopin1542 Words   |  7 PagesIn the short story, â€Å"Story of an Hour†, Kate Chopin writes about a woman with heart trouble, Mrs. Mallard, who, in finding out about the death of her husband, Mr. Mallard, experiences some initial feelings of sadness which quickly transition into the exhilarating discovery of the idea of a newfound freedom lying in front of her. When it is later revealed that her husband is not actually dead, she realizes she will not get to taste that freedom. The devastation kills her. What Mrs. Mallard goes throughRead MoreThe Story of an Hour by Kate Chopin596 Words   |  2 PagesIn â€Å"The Story of an Hour,† Kate Chopin focuses on the idea of freedom throughout the story. Mrs. Mallard is a lonely wife who suffers from heart trouble. She is told by her sister Josephine and her husband’s friend Richards that her husband has passed away in a train accident. She locks herself in a room expecting to be devastated, but instead feels freedom. Later, she exits her room and her husband walks through the door, causing her to die of a heart attack. Chopin uses this story to demonstrateRead MoreThe Story Of An Hour By Kate Chopin886 Words   |  4 Pages In Kate Chopin â€Å"The Story of an Hour†, the reader is presented with the theme of prohibited independence. In Kate Chopin â€Å"The Storm†, the scenery in this story builds the perfect atmosphere for an adulterous affair. The importance of these stories is to understand the era they occurred. Kate Chopin wrote stories with exceptional openness about sexual desires. In â€Å"The Storm†, a short story written by Kate Chopin in a time when women were expected to act a certain way and sexual cravings was considered