Psychologists & prejudice Essay Example for Free

Psychologists prejudice Essay According to Dollards et al (1939) frustration-aggression hypothesis aggression that cannot be expressed directly at the source of frustration can be displaced unto a ‘representation’ of the source (scapegoat), leading to bias and prejudice. Unlike the previous cases which have their origins in social learning or social identity this form of prejudice is borne out of the frictional component of social interaction. A ‘solution’ is therefore to reduce this friction as much as possible. The apartheid era in South Africa did recognise the problem of ‘cultural friction’ and sought to address it by separating black from white. However, the separation was not fair favouring white (supremacy) over black. This in effect only amounted to replacing one source of friction and frustration with another. Typically, social frustrations are linked to exogenous economic conditions where the contrast between the rich and poor is clearly sharpened. The challenge for any government to implement a solution to such frustrations may be simply be too difficult, or not at all practical. Germany in the late 1930’s and early forties provides a good example of national frustration followed by an explosion of national prejudice and aggression. The application of the ‘solution’ shaped the history of the 20th century. By understanding the origin and causes of prejudice, psychologists are able to propose methods and conditions that can lead to a reduction of prejudice. However, economic factors, social learning, and identity beliefs based on religion or culture may mean that any attempt to remove prejudice from ‘free’ society will be met with limited success.

Media :: essays research papers

As we look at our society and culture as a whole, we see that violence does exist in vast amounts. The problem of violence is compounded by the constant saturation that media coverage often provides. The media creates an almost artificial world for young people who do not have a single family member or extended family member to provide any small measure of love and kindness towards them. Naisbitt suggests that the boys involved in the Columbine shootings were absorbed in an environment full of violence. By means of television, movies, video games and other sources of electronic entertainment these boys became engrossed by aggression and violent behavior (81). While Naisbitt says that it is the violence that drove these boys to commit such a heinous crime, he never proposes that it could have been the lack of family that led these young boys to violence. Often we do not see that people are driven towards violence of the media because of family neglect. Overall, we need to create an environment in which parent and child can easily live and play together, so we can draw their attention away from this enticing entertainment. If we find that it is often the â€Å"latch-key† children whose parents work that more quickly turn to violence, then can we create programs to keep these children otherwise occupied? Violence serves as a diversion and a source of entertainment for children, but if we are able to create an enriching setting for our youth, one which places family on a high level we can often avoid many of the violent acts which do take place.   Ã‚  Ã‚  Ã‚  Ã‚  When we live in a world where we can feel loved and supported, we do not take wrong turns as often. It is not necessarily a family that one needs to maintain a violence free existence, but the inclusion of loving and caring people in one’s life. Perhaps more thinking about how to build family outside the traditional definition of the perfect family is necessary in one’s own quest against violence. When I think about my own transition from living in a small town just outside of Boston, a relatively safe large city to the completely new city of New Orleans, I recognize a basic truth about family. As I find myself in an entirely different part of the country engrossed in an entirely different culture, I often feel unsafe and alone in this city, new to me which I call my home .

Statistic Case Study for Bottle Company

The case study that is being investigated is for a bottling company producing less soda than what is advertised. Customers have complained that the sodas in the bottles contain less than the advertised sixteen ounces. The employees at the company have measured the amount of soda contained in each bottle. There are thirty bottles that have been pulled from the shelves. The manager of the company would like to have a detailed report on the possible causes, if any, for the shortage in the amount of soda or if the claim is not supported explain how to mitigate the issue in the future.In order to statistically find a cause in the shortage a hypothesis testing is conducted by finding the mean, median, and standard deviation for ounces in the bottles. Constructing a 95 percent interval will establish the mean of the population since the mean of the population is not known. There are thirty soda bottles being pulled for investigation. The mean will be calculated by averaging the amount of ou nces in each bottle and dividing the total by the number of bottles.The data below shows the ounces in each of the thirty bottles that were pulled. The mean among the sample bottles is 14. 87. The calculation to find the mean is to add all the ounces per bottle. The total is 446. 1 divided by the random sample of 30. The average ounces in the bottles are less than 16 ounces. The median for the soda bottles is 14. 8. The median is imputed by dividing the random number of 30 by 2 which equals 15. Arrange the ounces from smallest to largest, and select the number that falls on 15.This will provide the median for the thirty bottles. The standard deviation for the ounces in the bottles is 0. 55. The standard deviation must be known in order to compute the confidence interval. To find the standard deviation, calculate the individual ounces minus the mean of the ounces and square the total (X-M)2. After the total is calculated, divide by the random count 30 minus 1 (n-1). In order to compu te the confidence interval of 95 percent; the mean, standard deviation, and identifying the value must calculated.A confidence interval gives an estimated range of values which is likely to include an unknown population parameter, the estimated range being calculated from a given set of sample data (Easton & McColl, n. d. ). The confidence interval of 95 percent can be found using a normal distribution calculator. The Z distribution is used in this case study because there are thirty bottles. The Z value is greater than or equal to thirty within the sample size. The Z value of 95 percent is 1. 96. This represents the area on the normal distribution chart between the cutoff points.The cutoff points on the chart are between -1. 96 and 1. 96. The lower and upper limit will be given to locate the interval using the standard normal confidence interval. Calculate to find the interval by imputing Z. 025 equals 1. 96 stores the answer, in this case, using the Aleks calculator. Enter the mea n 14. 87 +/- 1. 96 times 0. 55 divided by square root of 30. The lower limit is 14. 67 and the upper limit is 15. 07. This interval proves the soda in the bottles did not contain sixteen ounces.In Easton and McColl (n.  d) article summarized setting up and testing hypothesis is an essential part of statistical inference. In order to formulate such a test, usually some theory has been put forward, either because it is believed to be true or because it is to be used as a basis for argument, but has not been proved. To verify the claim that the bottles contain less than sixteen ounces of soda a hypothesis test will be performed. To find the null hypothesis that represents the claim to be true or to be used as a basis of argument until it is proven. The null hypothesis is H0 greater than or equal to sixteen ounces.The alternative hypothesis is H1 less than sixteen ounces. The type of test used is one tailed testing. If using a significance level of . 05, a one-tailed test allots the e ntire alpha to testing the statistical significance in the one direction of interest. This means that . 05 is in one tail of the distribution test statistic. When using a one-tailed test, it is testing for the possibility of the relationship in one direction and completely disregarding the possibility of a relationship in the other direction (â€Å"UCLA: Statistical Consulting Group,† 2007).The value of the test is calculated by the mean 1 minus mean 2. Therefore, 14. 87 – 16 equals -1. 13 divided by standard deviation 0. 55 divided by square root of random sample 30 equals . 375. The P value is calculated by using the formula P (Z < equal to . 375). The P value is 0. 646. The P value is greater than the significance level of test which is . 05. The answer is the mean of 0. 5 < 0. 646. The conclusion of the test for the null hypothesis is not rejected. This suggests the alternative hypothesis must be true that the soda in the bottles is less than sixteen ounces.The typ e of error used in the hypothesis is type I error. There are several causes determining the reason for fewer ounces in the bottles. The air in the lines could prevent the soda from filling bottles, machine may need to be reset to fill 16 ounces to the exact measure, or machine may not be calibrated properly. Issuing a daily calibration of the machinery is a way to avoid the deficit in the future. Statistically the issue could stem from the unknown population of how many customers complained. There could possibly be a million sodas produced with only ten customer complaints.Therefore, pulling more bottles from the shelves and testing the ounces could show a different alternative hypothesis and may prevent a deficit in the future. Other speculations that determine sodas from not being filled to the top are to keep the soda from overfilling so it is not filled to the top line. It has to have a bit of air in the bottle so there can be room for the liquid. Less soda is in the bottles to expand if it gets heated otherwise the bottle could break. In conclusion, the customers are correct there is less than 16 ounces of soda in the bottle.

Mission, objectives, macroeconomic policy of the Faysal Bank - Free Essay Example

Sample details Pages: 16 Words: 4670 Downloads: 5 Date added: 2017/06/26 Category Finance Essay Type Research paper Did you like this example? Outcomes Covered Outcome 1 Identify the mission, objectives and responsibilities of an organization with in its environment Outcome 2 Investigate the economic, social and global environment in which organization operate PURPOSE OF THE ASSIGNMENT This assignment was assign to us with certain objectives in mind. The purpose and objectives were to study the working of a real world organization practically. To equip students with the insight of organization and analyze the practical aspects of the working of Business Environment and developing the students capability of applying the concepts on the organization hence learning by doing. Don’t waste time! Our writers will create an original "Mission, objectives, macroeconomic policy of the Faysal Bank" essay for you Create order To observe the mission, objectives, social welfare policy, industrial policy and macroeconomic policy of the Faysal Bank. P1 M1 D1:- Identify the mission, values and key objectives of the chosen organization and asses the influence of stakeholders. Give your judgements about the organizational performance in achieving its objective and also satisfy its stakeholders. Justify a choice of a new mission statement salient features. Organization:- An organization is an arrangement of people, pursuing common goals, achieving results and standards of performance. Basically, an organization in its simplest form is a person or group of people intentionally organized to accomplish an overall, common goal or set of goals. Business organizations can range in size from one person to tens of thousands. Organizations are social units with a purpose. Normally there should be a purpose for the birth of an organization. Each organization comes into existence with a purpose specific to its genesis. For example we have a galaxy of organizations such as governments, government agencies, corporations, business organizations, universities, trade associations, trade unions, hospitals, schools, theatres, municipal corporations, prisons, slaughter houses, professional societies and a host of several other bodies. Each has its own purpose to live in the society. (www.businessdictionary.com) Mission: Mission or Purpose is a precise description of what an organization does. It is a definition of why the organization exists currently. Each member of an organization should be able to verbally express this mission. Additionally, each person needs a mission for his or her life. A mission statement focuses on theÂÂ  howÂÂ  of your business. It defines theÂÂ  purposeÂÂ  of the business. It outlines theÂÂ  reasonÂÂ  for being for your business and provides some understanding of how your business will be operated-the Strategy. Mission describes the organizations basic function in society, in terms of the products and services it produces for its clients. The specific role that organization plans to fulfill the within society over the long-term and therefore limits the scope of its operations by implicitly excluding areas outside its stated mission. (www.entrepreneur.com) Values: A value is a belief, a mission, or a philosophy that is really meaningful to the company. Values define the group beliefs, and rules that control the management of the company. It represents the organizational philosophy and support to the basic mission of an organization. An organization with stronger Values base can be very successful in the future for long-term and can achieve the organizational goals in timely manner. Values have impact on each and every activity of the organization and must be define by the top management of the organization in very careful manner. (www.wikipedia.com) Objectives: Objectives give the business aÂÂ  clearly defined target. An objective is something you want to achieve. Business objectives are something, which a business organization wants to achieve or accomplish over a specified period of time. These may be to earn profit for its growth and development, to provide quality goods to its customers, to protect the environment etc. These are the objectives of business. Faysal Bank Limited:- Introduction of Faysal Bank Limited: Faysal Bank started operations in Pakistan in 1987, first as a branch set-up of Faysal Islamic Bank of Bahrain and then in 1995 as a locally incorporated Pakistani bank under the present name of Faysal Bank Limited. On January 1, 2002, Al Faysal Investment Bank Limited, another group entity in Pakistan, merged into Faysal Bank Limited which resulted in a larger, stronger and much more versatile institution. The strength and stability of Faysal Bank Limited is evident through the Credit Rating assigned by JCR-VIS Credit Rating Company Limited of AA (Double A) for long to medium term and A-1+ (A One Plus) for short term. (Faysal Bank, Annual Report 2009) Faysal Bank Mission: Achieve leadership in providing financial services in chosen markets through innovation. To Develop and deliver the most innovative products, manage customers experience, deliver quantity service that contributes to brand strength, establishes a comprehensive advantage and enhances profitability, in this way providing value to the stakeholders of the bank. (www.faysalbank.com) Faysal Bank Values: Our daily code of conduct is exemplified by eight core values: Four threshold values at the heart of our brand. Four differentiator values values that set our brand apart. Threshold Values: Team Work Respect Integrity Professionalism Differentiate Values: Passion Innovation Responsiveness Compassion (www.faysalbank.com) Faysal Bank Objectives:- Faysal Bank has the following objectives:- Prime focus to earn profit by providing values to its customers. To provide superior services to its customers. To provide assistance in the development of the commerce and trade industry. Focus on blending skills and experience towards creating an enabling environment. Core focus is to inculcate a culture of collaboration intended to delver world class customer service. To promote and boost up business sector inside the country. To provide the employment opportunities in the country. To provide loan and advances to help out in self employment schemes To earn profit for the bank itself and for its stakeholders. To create maximum economic value for shareholders through constant relationship focuses on financial services. (Operational Manager of Faysal Bank) Stakeholders:- Stakeholders are individuals or groups who have an interest in an organizations ability to deliver intended results and maintain the viability of its products and services. In the development of a firms mission and vision is a good place to start, but first, of course, you must identify critical stakeholders, get a handle on their short- and long-term interests, calculate their potential influence on your strategy, and take into consideration how the firms strategy might affect the stakeholders (beneficially or adversely). Stakeholders can be internal as well as external Internal Stakeholders:- Internal stake holders are individual or groups inside a business or an organization can be employees and management. Members can also be internal stake holders. External Stakeholders:- External stake holders are individuals or groups outside the business who are interested in the decisions an organization makes. They might even have an effect on that organization or business, External stake holders can be: *Standard agencies *pressure group *Suppliers *Customers *Professional bodies *Local community *Government *young people *etc Stakeholders overall include: *Owners or shareholders *Managers *Employees *Customers *Government *Suppliers *Communities *Investors Some stakeholders may have more than one interest in a business. An employee might also be a stakeholder. Managers are employees of the business, a customer might be a member of a local community but yet they can be stakeholders. Stakeholders in a business will usually benefit from their involvement with the organization. Employees will earn money which they can spend on goods and services. Customers will consume the goods and services supplied by the business and the government w ill collect tax from the organization. (Wikipedia) M1:- The main purpose of any commercial bank is to deposit money and to advances loans to general public of the country. Besides that the bank also provides certain other facilities in order to maintain its stability and also achieve the higher customer level. As in todays banking industry a tough competition is going on so its very difficult for any bank to satisfy and retain their customers. In meanwhile the retention and satisfaction of the customers is playing a vital role in the achievement of any organization. As the Faysal Bank is working on the mission that achieve leadership in providing financial services in chosen markets through innovation. So the Faysal Bank is providing every product and service with the changing perception of the minds of the customer through innovation. Due to this innovation the Faysal Bank is providing a variety of products and services to their customers throughout the country in order to attain their objectives of providing superior level of servi ces to their customers. Businesses play an important role in developing the economy of any country so the businesses must be facilitated in order to boost up the economy. Faysal Bank is playing vital role globally in Trade Financing through its network, affiliates and correspondents. The Bank offers standard loan and trade financing facilities in order to boost up the corporate businesses in the country. These facilities include the short-term and long-term funds, letter of credit and Bank Guarantees and other related facilities for trade. Human resources are the main assets in the achievement of objectives of any organization. Faysal bank is working on this and is proving better opportunities for the talented individuals to start their career and also believes in promoting their careers. The environment of working of the Faysal Bank is standardized one in which the individuals can groom their career. The bank is also providing opportunities for the fresh students by hiring th em as Management Trainee. The Faysal Bank is caring the customer by providing them creative and value added services to customers. So these innovations bring the high profit for both the bank and the associated stakeholders which create high value of their business in the banking industry. D1:- Mission Statement for Faysal Bank Limited:- Focusing on the customers loyalty by providing standard financial services through developing and delivering innovative products and services keeping in view the stakeholders profitability. Features:- Customers loyalty Financial Services Innovation Stakeholders Profitability Customer Loyalty:- Objective of the bank is to provide valuable and superior services to customers, so for this the Bank is focusing on close and long term relationship with customers. Their prime aim as to facilitate their customers with more advanced financial services, so to make them loyal. Financial Services:- Objective of the bank is to provide assistance for an individual and business, so the bank is providing mixture of financial services to an individual and businesses for the development and promotion of individuals life and commerce. Innovation:- The focus of bank is to bring more new ideas in their services to their customers. Which will increase the market share of the bank and will led the bank serve more customers. Stakeholders Profitability:- By providing valuable services and innovation it will increase the stakeholders wealth. P2 D2:- Evaluate the extent to which an organization achieves the objectives of three stakeholders. Recommend the broad strategies to achieve stakeholders Objective successfully. Interest Objectives of Stake holders:- Different Stake holders have diverse objective and they have different affects on an organization or business. According to Michael Novak following are seven points that should be kept in mind according to business ethics when developing relations with stakeholders. Customer satisfaction by providing goods and services of real value. Reasonable return on the funds entrusted to the business by its investors. Create new wealth New job opportunities Promote invention and creativity One of the most important is to diverse public interest into different sectors of life. If these six points are taken care of then a business would serve the common good of the community in several ways. Concern can occur in business when stakeholder interests are different. Each type of stakeholder is likely to have a set of interests which they want to achieve. It could be argued that: Shareholders want regular, secure and high returns. Managers want responsibility, high rewa rds and a lack of interference in their actions. Employees want high earnings, an interesting job and secure employment. Customers want quality products at low prices and a good service Suppliers want secure, regular and profitable orders. Government wants to achieve a large number of goals including growth in the economy and low inflation. The local community wants thriving local businesses which do not cause problems. D2:- strategies:- In keeping view the objectives of the stakeholders I have recommend following strategies for the Bank which are given below. The Bank should provide quality products to satisfy customers need. There must be representative from bank side for the customers at different branches, due to which customers can easily get awareness about the product and also the Bank should maintain strong relationships with the customers. The prices of the products and also interest rate on loans should not be high. The Bank should invest significantly in research and development to develop new products and manufacturing processes. The Bank should also keep skilful managerial staff so that they can make a good decision bring new ideas to develop the products of the bank. The bank should give promotion on time to their employees. There should be a vacancy for promotion officer in the Bank. The Bank should arrange training for newly recruited employees. Employees should be motivated by giving cash re wards to them so for that purpose the bank must maintain a separate head. The Bank should provide free schooling and medical treatment to their childrens. All the dues should be given to employees time by time without any delay. Shareholders wants regular profits so If the Bank provides good quality of products then more income will be generated, then in result shareholders will receives dividends regularly. Most important thing is that shareholders want security of the business so the Bank should invest continuously in the employees who ensure that they are highly motivated, well trained and is encouraged to encounter the challenges of the future. P3 M2:- Explain the responsibilities of an organization. Discuss how much the organization acting responsibility under current circumstances. Responsible Behavior of an Organization:- Social Responsibility:- The social responsibility of an organization may be defined as the obligations that the organization has towards the people and the environment in which the company operate. No organization would ever admit to being socially irresponsible, and many organization claims to act responsibly on social issues. Pollution control is a particularly important example of social responsibility by industrial organizations, and some progress has been made in the development of commercial process for re-cycling waste material. British Coal attempts to restore the environment by planting on old slag heaps. Environmental Responsibilities:- Public concern with environmental pollution has resulted in government action. Some of this takes the form of tax incentives. For example, the UK government encouraged the use of lead-free petrol by leaving a lower tax than on leaded petrol. Vehicles that emit lower levels of carbon dioxide are charged less road vehicle tax. The government has also proposed taxing waste. The UK Government has made a public commitment to cut carbon dioxide omissions. Ethics and Business:- Ethics is about the codes of moral principles that people follow with respect to what is right or wrong. Ethical principles are not necessarily enforced by law, although the law can be incorporate moral judgments (murder is wrong ethically, and is also punishable legally). Management Responsibilities:- The stakeholder view suggests that management is responsible not only to the organizations owners (Shareholders), but also has responsibilities to: Employees Customers Suppliers Competitors The Local Community The general public (and government) Public Relations and Corporate Image:- Corporate image describes the public attitude towards a company, or the image of the company in the mind of the general public and, perhaps more specifically, in the minds of potential customers. It is possible to promote a desired corporate image through a combination of public relations, advertising and the experiences and attitudes build up by customers over the year. (For example, the favorable corporate image of Marks and Spencer grew up over many years, without the need for substantial PR or advertising.) M2:- There are various ways and methods for an organization to consider so they can act responsible, however those various ways and methods also depend on the kind of organization you are working with. However, the organization we have selected to write upon is the banking sector. Banks are situated at at places ideal for customers and are environmental friendly, as building do not pose threats to the environment. Given the nature of the bank work, which is mainly clerical or administrative, employees are not subject to occupational health hazards. However, a variety of occupational risks to health do exist in the banking sector, as in other clerical occupations. It is the important for the employees health that adequate standards of hygiene, cleanliness and comfort are maintained in the workplace. It is difficult, to single out health risks involved to the banking sector that are not common to other clerical occupations and it is even more difficult to isolate any special problems i n this area for employees of multinational banks. In the majority of cases, foreign and domestic banks are moreover governed by the same legislative standards with regard to health and safety and hygiene in workplaces, which are said to be respected by foreign banks and enforced through inspection at regular intervals. In a number of countries, particularly in Europe, enterprises of a certain size are obliged by law to set up a joint committee on safety and health to monitor the application of legal provisions, point out deficiencies and make suggestions for improvements. Many of the large banks have gone far beyond the legal prescriptions in their concern for protecting their employees health. For example, in a number of cases they have organized training sessions for employees on safety and health problems, precautionary measures in the workplace, fire prevention and other security matters. Ethical codes are rooted in a wider value system, as to what is right or wrong. Companie s do have ethical responsibility and are not protected by limited liability from the consequences of their actions. A companys record and the perception of its ethics affect its reputation and ensure long term success or failure. The financial community has a history of placing moral considerations above legal or opportunistic expedients. But we are often exposed to moral dangers. Bankers role is one of stewardship based on trust. They are trusted by the people who ask them to look after their money and they have a duty to lend that money responsible. Banking is about rewards reflecting real risks and ethical considerations form an important part of their risk taking activities. The welfare of borrowing customers money, in good times and bad is of major concern in any business proposition. Bank depends on people to run their business and to reflect their ethical standards. Banks have to let their people know what is expected of them. A bank responsibility extends to Governm ent, customers, shareholders, staff and community. In the future, as the banks face increasingly complex and conflicting issues, their resolve and commitment to ethical behavior will be tested. P4:- Explain how economic systems attempt to allocate and make effective use of resources. Different Economic System:- There is a huge list of economic systems some of which are as under:- Capitalism Socialism Mixed Economy Capitalism:- In a capitalist economic system most productive assets are held by private owners, and most decisions about production and distribution are made by the market rather than government command. Capitalism thus suggests a system of economic regulation that involves minimal state involvement. Nonetheless, even the most capitalistic economic systems contain some governmental supervision. The government must establish basic institutional rules, such as contract law. The government must also legislate to correct market failure or situations where the unregulated market does not work well. Most importantly, in any democratic system a large number of interest groups continually petition the government for laws that bias market processes in their favors. Perhaps the Supreme Courts most important function as regulator of capitalism is to define the appropriate constitutional limit of governmental interference with individual, market driven decision making. (Brewster, 1998) Socialism:- An economic system in which the production and distribution of goods are controlled substantially by the government rather than by private enterprise, and in which cooperation rather than competition guides economic activity. There are many varieties of socialism. Some socialists tolerate capitalism, as long as the government maintains the dominant influence over the economy; others insist on an abolition of private enterprise. All communists are socialists, but not all socialists are communists. (Dunnet, 1997) Mixed Economy:- An economy that combines elements of capitalism and socialism, mixing some individual ownership and regulation, some capitalist countries, France, for example, employ what is often called state capitalism. In this form of a mixed economy, the state becomes a major shareholder in private enterprises. An alternative, employed in Great Britain (more in the past than now), is for the state to own some industries while leaving others in private hands. (Brewster, 1998) Allocation Resources in the Economic system:- In capitalism all rights are with owners little involution of government Owner always concentrate it own interest. While in socialism all rights and decision are taken under the government bodies every one have there rights No any difference between any differences between individuals. Every one can get benefit from that economic system while in mixed economy both socialism and capitalism take place. The owner of private organization can get benefit and also single individual. P5 M3 D3:- Discuss the impact of Social welfare and Industrial policy. What are the response of an organization towards social industrial policy and recommended solution. Social Welfare Policy:- Social welfare or public charity, organized provision of educational, cultural, medical, and financial assistance to the need. Modern social welfare measures may include any of the following: the care of destitute adults; the treatment of the mentally ill; the rehabilitation of criminals; the care of destitute, neglected, and delinquent children; the care and relief of the sick or handicapped; the care and relief of needy families; and supervisory, educational, and constructive activity, especially for the young. Industrial Policy:- Industrial policy, government-sponsored economic program in which the public and private sectors coordinate their efforts to develop new technologies and industries. Government provides the financial support and capital to the private sector by direct subsidies, tax credits, or government-run developmental banks. Industrial policy emphasizes cooperation between government, banks, private enterprise, and employees to strengthen the national economy. Impact of Social Welfare Policy on Faysal bank Limited:- There are some social welfare policies which are given below:- Providing different facilities for the employees like flexi loans to the employees. Providing free education and medical treatment for their employees. Providing loans for the development of education and health in the country. Provides internships facility for the fresh students. Provides funds in case of natural disaster in the country. Impact of Industrial Policy on Faysal Bank Limited:- The main impact on FBL is if the government of Pakistan increase the interest rate of Pakistan so the all banks will impacts on this decision of government Due to more interest profit will decrease and people will buy less services and facilities from the selected organization. M3 D3:- Social Welfare Policy:- The impact of Social Welfare Policy on Faysal Bank is sometime positive and negative. In case of providing free education and medical treatment etc the bank has to spent money which can affect their financial position. While on other hand, by providing these facilities students get motivated. The Bank provides facility of internship to fresh students to develop their practical skills. Faysal Bank provides Gratuity Fund to their employees. The Bank provides fund to IDPs, earthquake/flood affected people, in case of natural disaster in the country. Industrial Policy:- Industries are growing in this leading age so the Faysal Bank is also one of the leading Bank in the banking sector of Pakistan. The Bank provides variety of products of standardized nature which encourages the bank position to be stable in that sector. Against other competitors in the Banking sector, the Faysal Bank has provided innovative products and services to their customers and to business. Providing loans to businesses and encouraging different businesses and providing standard services by Faysal Bank is representing that the bank has given full response towards the industrial policy. Solution:- According to my research Faysal Bank is not yet facing any major problems regarding Social Welfare Policy and Industrial Policy. P6:- Evaluate the impact of macroeconomic policy and its influence. Macroeconomic Policy Measures:- Macroeconomic is one of the two most general fields of economics that literally means managing economics at large. It deals with the entire economys performance, total amount of goods and services produced, decision making, structure and etc. It can be national, regional, or global economy. It includes the study of GDP, unemployment rates, and general behavior of prices to understand how the economy works. It also develops models for analysis of national income, inflation, savings, investment, international trade and etc. (Dunnet, 1997) Fiscal Policy:- Measures employed by governments to stabilize the economy, specifically by adjusting the levels and allocations of taxes and government expenditures. When the economy is sluggish, the government may cut taxes, leaving taxpayers with extra cash to spend and thereby increasing levels of consumption. An increase in public-works spending may likewise pump cash into the economy, having an expansionary effect. Conversely, a decrease in government spending or an increase in taxes tends to cause the economy to contract. Fiscal policy is often used in tandem with monetary policy. Until the 1930s, fiscal policy aimed at maintaining a balanced budget; since then it has been used countercyclical, as recommended by John Maynard Keynes, to offset the cycle of expansion and contraction in the economy. Fiscal policy is more effective at stimulating a flagging economy than at cooling an inflationary one, partly because spending cuts and tax increases are unpopular and partly because of the work of economic stabilizers. (Dunnet, 1997) Monetary Policy:- Measures employed by governments to influence economic activity, specifically by manipulating the money supply and interest rates. Monetary and fiscal policy are two ways in which governments attempt to achieve or maintain high levels of employment, price stability, and economic growth. Monetary policy is directed by a nations central bank. In the U.S., monetary policy is the responsibility of the Federal Reserve System, which uses three main instruments: open-market operations, the discount rate, and reserve requirements. In the post-World War II era, economists reached a consensus that, in the long run, inflation results when the money supply grows at too rapid a rate. (Dunnet, 1997) Impact of Monetary Policy on Faysal Bank Limited:- The supply of money will reduce, and the flow of money will be a smaller amount due to all this it will affect the business performance. Decrease in business actions will decrease buying power of people and income rate. Due to more interest profit will decrease and people will buy less services and facilities from the selected organization. Impact of Fiscal Policy on Faysal Bank Limited:- Due to rise in rate of taxation the selected organization has to pay extra taxes, and due to this it will cause reduction in investment because of less earnings and high taxes. The enlargement in the government expenses or payments will increase employment rate as well as the purchasing power of the people means they will spend more. This will cause rise in demand of hospital facilities and services. REFRENCES AND BIBLOGRAPGY Faysal Bank Annual Report Faysal Bank Website Business Studies Book (second edition) by Dave Hall. Rob Jones. Carlo Raffo, edited by Ian chambers and Dave Gray. Brewster,D Business Economics (International Thompson Business Press,1998) BPP Learning Media Business Environment (BPP Learning Media,2007) Dunnet, A The Macroeconomic Environment (Prentice Hall, 1997) Lecture Slides Personal visit to the office of Faysal Bank Limited www.google.com www.wikipedia.com www.businessdictionary.com www.blurtit.com www.ehow.com