(Leadership and management solutions) Essay Example | Topics and Well Written Essays - 500 words

(Leadership and management solutions) - Essay Example The major goal of Taylor’s scientific management was to control the production process through scientific method. Taylor believed that that technology can be used to enhance productivity by controlling labor processes. He had evolved the concept of best practices and advocated the training of workers on the best practice so that they can follow set procedure for production. Taylor’s scientific management relies on breaking the process of production into specific parts and training the labor force on how to accomplish the tasks efficiently and in time bound manner. He used machines as major facilitators of production process and applied management control on workers and operation. According to him, scientific management is to know what exactly one wants the workers to do and ensures that the work is done in the best and cheapest way (Taylor, 1911). The workers were trained on various production processes and their work was strictly monitored. Taylor’s emphasis on the rationalization of production and thereby of the workplace was intended to delineate the importance of labor force and use them as machines to reduce cost. Taylorism had become famous for the mass production. The scientific management is underpinned by five principles: clear division of task between the workers and management; evolving scientific method to find the best way of doing the task; scientific selection of workers; training of workers on doing the job in specific manner; and close monitoring of workers which is time bound. Ford Motors has exploited the scientific management to introduce technology and develop automated assembly line for manufacturing standardized parts for mass automobile production (Mullins, 2010). Taylor’s scientific management has come under controversy for many reasons including devaluation of human resource and unethical practices at workplace to increase profit. In mass production of goods, it is still very pertinent. In the contemporary times,

International Oil & Gas Law Coursework Example | Topics and Well Written Essays - 3250 words

International Oil & Gas Law - Coursework Example The oil and gas industry in the contemporary world has seen considerable growth and development. In the past decades, oil exploration in the world has been enhanced, and new national oil producers are emerging attracting attention from international investors.1 The massive oil reserves of Polenskya is a clear example, and the following section highlights the facts on the ground with respect to Polenskya and issues touching the actions to be undertaken by Atlantic Oil Company-as the interested investor. 1.1. Facts about Polenskya Facts about Polenskya include massive unexploited oil reserves in the developing country having a population of 20 million of which, majority are illiterate. In Polenskya, there exists no established banking system thus financial saving and investments in the country calls for massive turn over. Regarding the commercial practices and environmental care, there are no international, commercial or environmental laws to safeguard the integrity and decency of the environment, as well as trade. Further, Polenskya has little national oil industry expertise; thus, international investment is the only option for Polenskya realising its dream of exploiting its oil reserves.. This is through the incorporation of international oil investors to the country to drill the resource at set agreements or concessions. On the political environment, in Polenskya; it is rumoured that President Millapot might resign due to ill health after ten years in power. This gives rise to the probability of a new regime coming in power in the near future with the initial development on the project. Issues concerning the oil reserve land; this is a home to an endangered species attracting tourist throughout the year, as well as an indigenous community growing food crops on the land. With respect to ventures into transportation survey, there exists a small port 100 miles from the area, which is primarily utilised for fishing. 2.0. THE OIL AND GAS INVESTMENT BY ATLANTIC OIL IN POLENSKYA 2.1. Atlantic Oil Company in Context Atlantic oil is a multinational oil company interested in investing in the nation of Polenskya. The venture will have to look into the following factual information. A. Atlantic is considering entering into a Production Sharing Agreement with Polenskya. This report wills advice Atlantic Oil on the advantages and disadvantages of undertaking a Production Sharing Agreement with Polenskya. Further, clauses to be included for this agreement will be discussed to enlighten the company on the impending terms of the contract. B. On the basis of Atlantic Oil not wholly funding any development project in Polenskya, the types and sources of financing available will be analysed. Further, the mode of minimising commercial and political risks will be discussed. On the same note, the project entails having very minimal disruption to the environment. Therefore, critical environmental issues that Polenskya will have to undertake to look critically i nto this will be of the essence to highlight and