The Goals of Hinduism and Buddhism Essay - 1368 Words

2. Hinduism and Buddhism are traditions that originated from the Vedic sacrifice practice, and they share a common foundation in their view of existence. What are the similarities, and very importantly, the differences in their respective focuses and goals? Also included in this topic: For a time, Buddhism became a dominant tradition in much of India, but then Hinduism rose to become the dominant tradition. There are relatively few Buddhists in India today, especially in comparison to the number of Hindus. Why did Buddhism lose favor, and Hinduism become dominant? Discuss this historically (what happened and when did it happen) and analytically (why did most Indian people find Hinudism more attractive). The world has many different†¦show more content†¦Buddhism has a similar concept, dhamma (note even the linguistic similarity). Dhamma does not imply specific biological or social obligations, but maintains a comparable philosophical construct. The Buddhist definition of right conduct and personal obligation, dhamma is the path which must be taken to escape the suffering of worldly life. Other similarities between Hinduism and Buddhism are more apparent. Both religions maintain a broad perspective of religious worship. Hinduism is polytheistic while Buddhism maintains no structured belief in an independent, sentient god-like entity (especially in human form). Either of these concepts yields a malleable religion which can adjust and conform to local tradition and fluctuations in intellectual and spiritual thought. Both religions believe in a system of reincarnation, and both religions emphasize the community over the self. The major rift between the two religions seems to stem from the role of social structure in the two religions. Hinduisms caste system perpetuates a fatalism and apathy toward social rights and advancement while reinforcing the ruling establishment. Buddhism concentrates on the individuals release from suffering, implying no overriding social definition. The outstanding example of Hinduisms establishment tendencies is the caste system. The caste syst em divides the Hindu people into four major classes, Brahman, Kshatriya, Vaishya, and Shudra, and untouchables, or people outside ofShow MoreRelatedCompare and Contrast Hinduism and Buddhism Essay674 Words   |  3 PagesHinduism and Buddhism Some people may think that Hinduism and Buddhism are the same religions with just two different names. They aren’t, Buddhism and Hinduism both have different types of rituals, holidays, founders, and so-on. The two extensive religions of Hinduism and Buddhism have lots of information behind themselves. They are made up of cultures, rituals, practices, and many other things. â€Å"Hinduism is a collection of religious beliefs that developed slowly over a long period of timeRead MoreHinduism vs. Buddhism Essay627 Words   |  3 PagesHinduism and Buddhism are two of the most interesting religions in the world. To date, people still practice these religions in varying parts of the world. Although originating from the country of India, some have difficulty in differentiating between the two. Although Hinduism and Buddhism share many similarities, they are also different. What is Hinduism? Hinduism, the largest of the eastern religion and one of the oldest in the world. (Curry). Hinduism denotes the religions of majority ofRead MoreHinduism And Buddhism And Hinduism1641 Words   |  7 PagesSo far we’ve learned about Hinduism and Buddhism in India two of the most common religions found in India. One of the many things about learning about different culture is the religion that is come with. Religion is one of the many things that are unique t o each and every culture. Religion views are what make a group of individuals come together and form a community. In core 7 we are learning about Hinduism and Buddhism learning about India and their religion views has helped me see the world inRead MoreHinduism Vs. Buddhism970 Words   |  4 PagesHinduism and Buddhism are two of the most interesting religions in the world. To date, people still practice these religions in varying parts of the world especially in India. Although originating from Ancient India, some have difficulty in differentiating between the two. Hinduism and Buddhism share many similarities and also differ immensely. What is Hinduism? Hinduism, often referred to as Sanatana Dharma is the largest of the eastern religion and one of the oldest in the world. â€Å"HinduismRead More Hinduism Essay841 Words   |  4 Pages-------------------------------------------------------------------------------- November 19, 1997 By Jordan Bruins Buddhism/Hinduism Comparison Report Hinduism is the oldest known religion and is very rich with literally hundreds of gods, symbolistic rituals and beliefs. It is believed to have been established around 1500 B.C. but no one person founded Hinduism as it evolved over a long period of time. Buddhism on the other hand has a definite founder, Siddhartha Gautama who is otherwise known as the Buddha orRead MoreSimilarities Between Hinduism And Hinduism1199 Words   |  5 Pagesmany different religions. Asia has had many religions spring up. Out of these Buddhism and Hinduism are the most popular beliefs in the general population. Hinduism is the oldest known religion and is very rich with literally hundreds of gods, symbolistic rituals and beliefs. It is believed to have been established around 1500 B.C. but one person never founded Hinduism as it evolved over a long period of time. Buddhism on the other hand has a definite founder, Siddhartha Gautama w ho is otherwiseRead MoreComparison of Hinduism and Buddhism Essay772 Words   |  4 Pagesdiscuss. Origin of Hinduism The origin of Hinduism is a mystery, because there is no founder for this religion. This religion developed over four thousand years ago. There is no author for this religions scared literature. This religion is believed to originate around 2000 B.C. on the continent of India. This religion is considered one of the longest surviving religions. The first people to practice this religious belief are the Indus Valley Civilization (Bass, 2014). Origin of Buddhism The religionRead MoreThe Concepts Of Hinduism And Buddhism1749 Words   |  7 Pages The Concepts of Hinduism and Buddhism (Name) (Course name) (Instructors name) (Date of submission) The Concepts of Hinduism and Buddhism Buddhism and Hinduism have common roots: both religions have arisen in India. However, over long history of its formation, Buddhism has absorbed traditions of many civilizations of the East. It was not just a religion. This teaching is about personal enlightenment and contemplation of spirit. This awakening of soul has no reference to God. AccordingRead MoreThe Origins Of The Harappan Civilization1060 Words   |  5 PagesJainism and Buddhism. In response to the opposing religions, Brahmanism evolved to please the people of India. The new form of Brahmanism was called Hinduism, and it kept the caste system. Although Hinduism did not ignore the caste system, all three religions collectively changed the lives of their adherents by altering the meaning of life: A follower was to live their life according to the rules of their respective religion to ensure a better life in their next reincarnation, the ultimate goal being theRead MoreHinduism And Buddhism And Hinduism1276 Words   |  6 PagesOut of the worlds many beliefs and religions, Buddhism and Hinduism make of about 20% of them (The Future of World Religions: Population Growth Projections, 2010-2050). Hinduism and Buddhism are the most influential and popular in the eastern hemisphere, mostly in and around the Asian continent. These two religions have similar ideologies. So much so that many say that Buddhism is an appendage of Hinduism. Such religions have different religious structures, which allow broader interpretations to

America Is Not America Without The People Of Color

America is not America Without the People of Color In reading through the works of Zora Neale Hurston, W. E. B. DuBois, and Booker T. Washington, I traveled back in time and felt the pain and suffering of the black folks from the past. The three authors completed their works to the best of their understanding, experiences, and chosen disposition to the matter. While the tones and messages of their works differed from one another, addressing various issues at specific levels of either favouring it or opposing it, Hurston, DuBois, and Washington brought to light a single message: respect the race that had endured so much from the past and yet survived the test of time – the race of African-Americans. The three authors had their ways of describing the African-American race in their works. Their ways of writing reflected their personal techniques. Hurston’s approach was more on the artistic presentation of the issue. DuBois’ approach was historical and incorporated situated cognition in the process of presenting his arguments, relating the events to the present particularly in his academic exploration on the topic of social injustice and discrimination. Finally, Washington’s approach utilizes an autobiographical approach, which made the presentation more realistic to its audience. There were different intentions included in each author’s literary work. While Washington intended to inspire rather than provoke, DuBois’ aimed to introduce things, concept, and ideas, which wereShow MoreRelatedMartin Luther King I Have A Dream Speech Analysis1173 Words   |  5 Pageswas a minority that strived for equality amongst all human beings; no matter the colo r of the person or their religious background. People throughout American history have always had their differences, but he was able to bring people together and bring down barriers that rested upon human society. Martin Luther King Jr. in his speech â€Å"I Have a Dream†, states on how people need to come together and looks pass the color of someone’s skin. In the beginning of this historical speech, MLK declares thatRead MoreEssential Differences in Terms of Black and African American Essay942 Words   |  4 PagesAmerican’s Black. I feel people should not be addressing a person as an â€Å"Italian American†, if one has a heritage in America. So why should the term African American be treated by one descendant’s nationality? McWhorter’s essay is trying to make people realize that there is a difference between the terms African American and Black. He wants people to realize that people born in America have a heritage in America than Africa. Unless you come from a generation that resides in Africa, people should use the termRead MoreWomen And The American Dream1253 Words   |  6 Pagessuccessful. However, some people are not entitled to the American Dream. Many Americans are not treated equally under the law. Some of the groups lose their right to vote, have a more difficult time finding jobs, or are a gro up that has been forgotten by politicians. The American Dream is a controversial issue today because many groups in America have claimed that they have not received the chance to have it. Some of the groups that are marginalized are women, people of color, and immigrants that haveRead MoreAnalysis Of The Poem Power By Audre Lorde1104 Words   |  5 PagesLosing an innocent loved one to gun violence or police brutality can be just as cruel as losing yourself in the world of white supremacy. In a world ruled by white supremacy, black America must keep their heads held high and mind focused. If not, the loss of oneself slowly begins, which in returns causes the â€Å"death† of that person. Similarly, losing a relative or close friend to police brutality is the literal death of a person. I gained this insight from reading â€Å"Power† by Audre Lorde, â€Å"The StandardRead MoreRacial Profiling Is Out Of Control979 Words   |  4 Pages Racial Profiling is racism Today in America racial profiling is out of control. People are being attacked, judge and even killed for reasons beyond just skin color. For many years people of color have been racially profiled, and now when America should be moving forward, America is going backwards. Racial profiling, which is a form of racism has gotten out of control, and the past has not improved as we have moved into the 20th century. It is time for Americans to take a closer look at racialRead MoreEssay On The American Dream1004 Words   |  5 PagesToday, America has much to stand for. Although times were rough along the way, the American dream is one of being free and having a voice. America has proven itself to be the land of opprotunity, and shows it each and every day. When the first Constitution was written, our Founding Fathers worked hard to create a country where all ethnicities would be equal. In my opinion, the American dream is, and has always been, one of being free, equal, and having a voice. Countless numbers of people journeyRead MoreWhite Like Me : Race, Racism, And White Privilege936 Words   |  4 Pagesprivilege, it would say something along the lines of, benefits given to white people based solely on the fact that they are white. In Tim Wise documentary, White Like Me: Race, Racism, and White Privileged in America, he talks about white privilege and how it is negatively affecting America. He argues that by wanting to go back to the traditional America idea is really wanting for the unequal treatment of people of color, refusing to acknowledge how racism is working in our judicial system, and thatRead MoreLiterary Analysis Of The Ideology And R eality Of Equality987 Words   |  4 Pagesany person of color in America. He wanted to portray the dignity, soulfulness, and resilience of his people. In his writings, he tends to believe that people aren’t wholly good and they are not wholly evil or bad either. He writes with such a conviction and an almost childlike faith in humanity. In his poems: I, Too, Theme for English b, and Let America be America Again, he writes of such things as the dream of equality and the hope that he has that America, that â€Å"white† America, will one day seeRead MoreDiversity Consciousness Of The Us1059 Words   |  5 PagesDiversity Consciousness of the US After reading the essay, â€Å"Deconstructing America† by Patrick J. Buchanan, he did not want people to understand that the U.S still accepts people from other nations, people in other countries. He thought the diversity, equality and democracy are the three things important for America to develop a great system. His point also lets me rethink that America tries to keep different groups to  ¬Ã‚ ¬Ã‚ ¬Ã‚ ¬Ã‚ ¬Ã‚ ¬Ã‚ ¬Ã‚ ¬Ã‚ ¬Ã‚ ¬-build a good community. However, I totally disagree with his mainRead MoreEssay On Racism In America1326 Words   |  6 PagesRacism in America Since President Barack Obama In 2009 the first African America president was elected. Barack Obama, an American politician who served as our United States president from 2009 until 2017. During his time there has been a controversial discussion about how racism has begun its last mile. Many question, if racism now is worse now than it was in the 1960’s and has America entered a post-racial era? If so where does America stand on the race issue and what challenges have occurred in

The Prevelence and Effects of Atherosclerosis - 1295 Words

The current epidemic of coronary heart diseases continues to increase as â€Å"cardiovascular disease (CVD) is the leading cause of death globally resulting in about 30% of deaths annually† (Jaleta, Gudina, Getinet, 2014) and with Atherosclerosis being one of the top diseases among African Americans and obese children. Atherosclerosis is described as the disease of clogged arteries from buildup of plaque, causing arteries to become narrow, thick, and stiff which makes blood flow very difficult to pass. As many factors do contribute to the growth of this disease, this literature review will discuss the factors of the African American race as well as children being affected by Atherosclerosis. The substances of the plaque is usually composed of cholesterol, fat, and calcium which sticks together to harden over time in the walls of the arteries. As a result of such action, narrowed arteries can cause blood clots which can overtime lead to a heart attack. Although it is a treatab le condition, lots of preventable methods are required to see improvements such as nutrition and exercise. In the Atherosclerosis current literature, many branches of this topic are discussed and treated while some are still unknown. The following subtopics will include Atherosclerosis disease and African American patients with heart disease, Atherosclerosis in obese and metabolically diagnosed children, the relationship of Atherosclerosis and multiple risks factors, and specific exercise and treatments

Friendship A Great Deal Of Similarities Essay - 1950 Words

Long lasting friendships are those of friends with similarities. People who are well-established friends exhibit a great deal of similarities in behaviors and attitudes. How important is similarity in friendship Long lasting friendships are those of friends with similarities. People who are well-established friends exhibit a great deal of similarities in behaviors and attitudes. According to Aristotle’s classic formulation, perfect friendship is of those who are similar and good in their goodness. This is so because everyone is gratified by his or her conduct and pleased with conduct that resembles it. Aristotle further explains that friendship between unequal’s is rather hard to sustain. Typical of this kind of friendship is giving less importance to equality of right conduct, and more importance to equality of social and wealth status. In this case, Aristotle suggests that if there is a wide gap between friends regarding affluence, conduct, social status or anything else, such friendship is not bound to last long (Richardson 264). Individuals can be similar in apparent features like appearance, education, gender and age, or in less observable characteristics such as interests, attitudes, skills or personality. Similarity can be determined either subjectively – by asking the individuals how similar they think their characteristics are, or objectively – comparing the value of the two persons and measuring their similar characteristics (Klepper et al 121). Two people cannotShow MoreRelatedFriendship Development Of College Students1613 Words   |  7 PagesFRIENDSHIP DEVELOPMENT IN COLLEGE STUDENTS Friendships are usually formed in early childhood and most times in those years they can contribute to sculpting a child’s personality, and behavior while filling the need for enjoyable company(). When friendships during early childhood and adolescents are formed they are typically based on the grounds that these peers are available during that time. However in college, friendships are more likely based on common interest, similar personalitiesRead MoreCliques And Its Effect On Society1341 Words   |  6 Pageswhat drives the formation of cliques and how early on in our lives do these driving forces begin the process. Friendships form based on the tendency to associate with individuals who we share many similarities with. Cliques begin forming as children when we choose friends who are similar to us. Friends then influence each other and result in them becoming more alike as the friendships develop over time. Studies have also shown that cliques are beginning to form earlier with the emergence of daycaresRead More Harry Potters Development of Friendships Essay955 Words   |  4 PagesDevelopment of Friendships The novel, Harry Potter and the Sorcerer’s Stone by J.K. Rowling, is a story about an orphan named Harry Potter who is sent to live with his relatives, the Dursleys. For the first ten years of his life, Harry is hated and ignored by his Aunt Petunia and Uncle Vernon. Harry has never experienced a friendship with anyone until the day he is sent to Hogwarts School of Witchcraft and Wizardry. Throughout the school year, Harry develops a balance of friendship between Ron WeasleyRead MoreAristotle s Views On Life1512 Words   |  7 Pagestypes of different people however there are only two categories of people who really matter. They are your friends and family. But, you can’t pick your family; you can pick your friends. According to Aristotle â€Å"human beings naturally seek others†. â€Å"Friendship is absolutely a necessity in life†. Friends come in all shaped and forms and sometimes things. Friend’s essentially made everything in life a bit easier . But, really how do people suddenly make friends and do Aristotle’s theories relate to us todayRead MoreThe Effects Of Mental Illnesses On Teenagers And How Each Individual Gets Better Essay1665 Words   |  7 Pageswritten by Jennifer Niven, Perks Of Being a Wallflower written and directed by Stephen Chbosky and an award winning short film Empty directed by Tom Smith All The Bright Places by Jennifer Niven is a compelling novel about mental illnesses and friendships. The story centres around Violet Markey- a quiet but popular young adult who finds it difficult to â€Å"be okay† after her older sister’s death. As well as Theodore Finch- a quirky teen that has never ending thoughts of ways to kill himself. These charactersRead MoreThe Killer Angels By Michael Shaara1117 Words   |  5 PagesMichael Shaara’s 1974 historical novel, The Killer Angels, covers the story of the four days of the Battle of Gettysburg that also features maps for visualization. The format of the story is well organized. It begins with a Foreword, which describes in great detail the armies and soldiers involved in the battle. It follows up with four sections and within each section there are chapters that are written in chronological order, covering the events between Monday, June 29, 1863 and Friday, July 3, 1863 inRead MoreDifferences Between New Engla nd And Spanish Colonies951 Words   |  4 Pagesbetween 1492 and 1700 in terms of the treatment of indigenous people, and there were some immense similarities between the two colonies in terms of the role of religion in their society and the economic bases. Between the New England colonies and the Spanish colonies existed an utmost difference in the way they treated the indigenous people their areas in Colonial America. Admittedly, there was a similarity in terms of how they interacted with the Native Americans. The Spanish wanted to convert the NativeRead MoreRules of Relationships in of Mice and Men and the Breakfast Club1239 Words   |  5 Pageseach movie. I think that The Breakfast Club and Of Mice and Men did an excellent job of demonstrating the rules of relationships. Of Mice and Men is a classic story with a timeless message. Its very good movie and novel. This movie is great drama for anyone from thirteen to ninety-nine years of age. In Of Mice and Men, there are two rugged men, Lenny and George, who are good friends. Lenny, played by John Malkovich, is a soft spoken, big, and gentle character, who is unfortunatelyRead MoreHarry Potter And The Sorcerers Stone Arguments1455 Words   |  6 Pagesyet brightening description of the first introduction of Hagrid from J. K. Rowling’s novel, Harry Potter and the Sorcerer’s Stone. This book gives a great amount of vivid description into the characters, settings and conflicts. There are key points to really note about Harry Potter. The wonderful and imaginative yet creative language and the similarities between situations that Harry is involved with in the book are everyday things that people experience. Mostly, readers get tired of reading books orRead MoreWar I And World War II1264 Words   |  6 Pageseven after the war has been dissolved. Postwar foreign policy after wars such as World War I and World War II was complicated and both had their similarities and differences from each other. World War I (WWI) strengthened our international relations with many countries, It also deteriorated some relations as well and set the stage for America becoming a great power. World War II (WWII) had some of the same effects, solidating our bond with the Allies and breaking others, but also it had many differences

Rresource Managements and Employee Involvement †Free Samples

Question: Discuss about the Rresource Managements and Employee Involvement. Answer: Introduction This is the art of using organizational resources in the improvement of efficiency and expansion of productivity. This can be used in the solving of problems in the organization. It can also be used to analyze any process and get a way that is more efficient in doing such a process. There is need to invest time and money in the implementation of organizational development. The costs are only justified if the importance is understood. How mangers can use organizational development to bring change in the organizations Organizational development can be used in various ways to bring change in a particular organization. Survey feedback; this is where information is collected using survey methods. The information collected can be used in the decision making by managers. Data can be collected regarding working hours, wages and salaries, attitude of employees etc. through analysis of this data problem are identified and solutions sought (Aguinis and Kraiger, p. 473). This information collected can be discussed by the team members and plans made with an aim of making necessary changes. Team building; team building can be designed so as to make improvements regarding abilities of employees and in the process motivate them to work as a team. This technique can easily emphasize on team building or by formation of working groups so as to improve the effectiveness of organization. Its a good application of training on sensitivity among teams from various departments. Group discussions in these teams can be done under the supervision of experts. This is a good platform for employees to freely express their views and thus increases ones sensitivity to other peoples behavior (Pichler, Simpson and Stroh, p. 472). It also exposes people to creative thinking and understanding of the socio-psychological behavior of their colleagues at work. Sensitivity training; its a popular organizational development intervention. This is where employees can be asked to interact and its aim is to assist people in the understanding of each other and they are able to get a good insight .this makes them feel free and be more fearless. This assists one to become more defensive of themselves, become less fearful of other peoples intentions but more responsive to their colleagues needs (Jawahar and McLaughlin, p. 400). This makes them to be less interpretive of others. Interpersonal relationships are also built up well due to the free interactions. Openness is built up, listening skills improved and tolerance level for each other increased. Managerial grid; this grid can be used in the identification of main dimensions of management behavior. These dimensions are both people and production oriented. This brings about the increase in attention to both people and production (Lin and Edvinsson, p. 535). Management by objectives; this method can be used to achieve organizational objectives it can also be used to evaluate and review performance at work. The responsibility to achieve these objectives is entirely in the hands of managers. It gives room for the assessment of the performance of managers and its therefore result oriented. Brain storming; this technique can be adapted by a group of 5-8 managers who come together and get a solution to some problem. It gives room for creative thinking and thus development of new ideas. This technique generates an atmosphere in which people can share ideas and express themselves freely. Process consultation; this is a more task oriented technique and the consultant is meant to give feedback from the trainees (Kujansivu and Lonnqvist, p. 263). Necessary guidance is given on how some problems can be solved. Therefore, with this technique proper diagnosis of problems is done and solutions sought. Transactional analysis; this technique can be used in helping people to understand each other in a better way. This assists in the development of an adult ego among people of the organization. Its of great importance in the consultation and team building exercises in the organization. Use of LMX theory In achieving organizational change the LMX theory plays a great role. This theory which first emerged in the 1970s lays some focus on the relationship which develops between members of any team and their managers. In this theory all the relationships between subordinates and managers has to pass in three stages which include role taking, role making and reutilization. At the role taking phase mangers use this time in the assessment of the skills and abilities of new members .while in the role making stage people begin to take on tasks and projects as they are now part of the team (Dragoni, et al., p. 736). A lot is expected from team members by managers. At the reutilization stage there is establishment of routines between managers and team members. The team members therefore work hard in the maintaining good relationships among themselves. Why managers should use organizational development to bring change in the organizations Its very necessary for managers to use organizational development techniques to bring changes in organization. Organizational change; through the process of OD different areas of company operations that need change are identified and the necessary change is made (Lindbom, p. 105). All the identified needs will be able to be analyzed and the necessary effects made on the management plan. Growth; this OD is a good tool when it comes to managing ad planning of corporate growth. Sales projections and consumer demands are brought together via this OD. This helps in the determination of the rate at which the company grows. Work processes; if OD is adapted by any company, work processes aimed at accuracy and efficiency are well analyzed. This ensures quality control measures are put in place and company standards attained. Product innovation; this requires different kinds of information which has to be successful. Therefore, OD is very critical in the product innovation since it assists in the analysis of every element of a product development and a method for efficient use is created (Chang, p. 51). With OD comes some processes that assist in product innovation and they include competitive analysis, consumer preferences, manufacturing capabilities etc. Increased communication; with OD comes an increase and efficiency in communication, good feedback and increased interactions in the organization. This therefore aligns all the employees to the companys values and goals. Conclusion Organizational development causes synergy, improves working processes, quality and betterment of behaviors in any organization. This is because with OD almost all the problems occurring in the organization are dealt with. Its also clear that this OD enables people to work as human beings and not just as mere resources in the productive processes in an organization. Organization members are therefore encouraged to achieve their full potential and thus grow and live by their core values. Its therefore a good strategy to be adapted by any company that values employee growth and customer satisfaction. References Aguinis, H., Kraiger, K. (2009). Benefits of training and development for individuals and teams, organizations, and society. Annual Review of Psychology, 60: 451-474. doi:10.1146/annurev.psych.60.110707.163505 Chang S (2007). Valuing intellectual capital and firms' performance: Modifying Value Added Intellectual Coefficient (VAIC(TM)) in Taiwan IT industry. Unpublished Doctoral dissertation, Golden Gate University, San Francisco p 51. Dragoni, L., Tesluk, P. E., Russell, J. E. A., Oh, I. (2009). Understanding managerial development: Integrating developmental assignments, learning orientation, and access to developmental opportunities in predicting managerial competencies. Academy of Management Journal, 52: 731-743. doi:10.5465/AMJ.2009.43669936 Jawahar IM, McLaughlin GL (2001). Toward a Descriptive Stakeholder Theory: An Organizational Life Cycle Approach. Acad. Manag. Rev. 26(3): 397-414. Kujansivu P, Lonnqvist A (2007). How do investments in intellectual capital create profits? Int. J. Learning Intellectual Capital, 4(3): 256- 275. Lin CY, Edvinsson L (2008). National intellectual capital: comparison of the Nordic countries. J. Intellectual Capital, 9(4): 525-545. Lindbom, D. (2007), A culture of coaching: the challenge of managing performance for long-term results, Organization Development Journal, Vol. 25 No. 2, pp. 101-6. Pichler, S., Simpson, P. A., Stroh, L. K.( 2008). The glass ceiling in human resources: Exploring the link between womens representation in management and the practices of strategic human resource managements and employee involvement. Human Resource Management, 47: 463-479. doi:10.1002/hrm.20227

Indemnity and Compensation

Question: Describe about the Indemnity and Compensation? Answer: Introduction Cannon and McGurk (2010) opined that indemnity is the monetary benefit given to an individual to protect the individual against any future loss. However, compensation is given as a substitute of a loss that the individual has incurred. Hence, both indemnity and compensation serves the same purpose for an individual but at different phases of life. Evaluation The agreement of indemnity provides protection to the individual against any fore coming loss. When compensation is paid, the individual receives the monetary payment against some emergency loss that the individual has incurred. Hence, Mock et al. (2010) suggested that an individual cannot avoid an indemnity agreement. It is a legal obligation on the part of the insurer to pay the amount of indemnity to the insured. However, compensation can be avoided because the payment of compensation depends upon the personal wish and monetary strength of the individual. Bhatia (2010) suggested that the term indemnity is rightfully used about the payment made by an insurance company to the insured individual against the insured asset. However, compensation payment does not involve any insurance policy. In general, situations the relief funds payment made by the government are considered compensations. For instance the government provided food, clothes and sufficient monetary funds to the Ebola affected areas in order to help the Ebola affected people. This is considered as compensation. However, in this similar example if the individuals affected by Ebola have personal insurance with some insurance company then the individual is entitled to receive monetary benefits in form of indemnity from the insurance company as well. McGuinness (2010) commented that the basic difference between the two terms in regarding the bearer of the financial risk. In case of indemnity, payment the insurer is the bearer of the risk and incase of compensation payment the government or any local authority is the bearer of the risk. In case of compensation there may be no legal or written obligation concerning the duty of payment of the government. However, compensation payment is a national duty of all governments and local authorities. Milkovich et al. (2010) stated that the government collects tax revenues from the individuals in a particular country hence the compensation policy is designed to ensure the welfare of the citizens and the revenue is collected indirectly from the amounts of tax revenues. However, payment of indemnity requires a legal recording of the indemnity agreement. Section 4 of the States of Frauds act 1677 states that guarantee of indemnity must be produced in writing in a contract form in order to make the agreement enforceable. The clause of indemnity is present in both insurance and contracts. In case of insurance, the insurance company makes payments to the individuals for the actual financial loss up to a certain limit as mentioned in the policy contract. However, in all cases the individual affected by the loss is required to give proofs of the same before the recovery can be made. Hence, Lee (2012) suggested that the indemnity amount that the individual will recover would depend upon the amount of loss the individual can prove although if the mentioned value in the policy is higher than the amount of loss sustained. However, in case of compensation the individual can expect any amount from the government depending upon the intensity of the loss. Baran et al. (2012) suggested that this can be an advantage as well as a disadvantage for the individual. The loss compensated depends upon the personal evaluation of the compensator and hence there is no guarantee over the amount of money that the individual can recover. For instance, Mr. As bike collided with Mr. Bs car. A incurred several injuries and the head light of the bike broke and the bike sustained several repairs (Zebrowski, 1982). Since there was not agreement between the two parties, hence Mr. B was not legally bound to indemnify Mr. A. However, on emotional grounds Mr. B agreed to pay compensation to Mr. A. The compensation amount paid was negligible and Mr. A was not even able to compensate the repair charges with the same. Hence, the individual sustained both physical and financial loss in respect of compensation scheme. However since Mr . A was insured with an insurance company and had a vehicle insurance hence on submission of the proofs of loss he was able to indemnify his losses (Hansen, 2010). Conclusion In general, context individuals tend to think that the concepts of compensation and indemnity are similar; however, the above discussion shows the basic conceptual difference between the two terms. Thus, an individual to avail the necessary benefits against all types of financial losses needs to make themselves indemnify with an insurer and also may claim compensation on the grounds of severe injuries. References Baran, A., Bigus, J., Eckhardt, P. and Van Roosebeke, B. (2012).Alternatives to investor compensation schemes and their impact. Brussels: European Parliament. Bhatia, K. (2010).Compensation management. Mumbai: Himalaya Pub. House. Cannon, M. and McGurk, B. (2010).Professional indemnity insurance. Oxford: Oxford University Press. Hansen, F. (2010). Currents in Compensation and Benefits.Compensation Benefits Review, 42(1), pp.3-15. Lee, K. (2012). Uncertain indemnity and the demand for insurance.Theory and Decision, 73(2), pp.249-265. McGuinness, K. (2010).Guarantee and indemnity. Markham, Ont.: LexisNexis Canada. Milkovich, G., Newman, J. and Cole, N. (2010).Compensation. Toronto: McGraw-Hill Ryerson. Mock, R., Savage, A. and Simkin, M. (2010). The Ethics of Indemnity Clauses in Academic Publication Contracts.Issues in Accounting Education, 25(2), pp.267-278. Zebrowski, M. (1982). Indemnity Clauses and Workers' Compensation: A Proposal for Preserving the Employer's Limited Liability.California Law Review, 70(6), p.1421.