Employee Training and Management Essay Example for Free

Employee Training and Management Essay It is healthy for the operation of the business to have, although not that frequent, an evaluation of our co-employee/s for the betterment of the organization as a whole. With this, the company could attain its goals with fewer hindrances and achieve impressive growth in a shorter period of time. This paper aims to have a Coaching and Performance Improvement Analysis to my CEO, to whom I work as a secretary, in order to provide us with facts on how our CEO influence his subordinates as well as on the manner he fulfill his duties in the company. I have been a secretary to the CEO in our company for about ten years and I think that span of staying here is enough for me to give criticism or opinion regarding the professionalism of my bosses with regards to performing his duties and responsibilities. The current CEO of the company has been in his position for about 6 months. Since he is the one responsible for almost all of the operational details of the company, it is a must for us to know how competitive he is. The future of the company depends on him and any incompetence could lead to any losses not only to the company but as well as to the employees. During the recent months, the company has been experiencing down turns in the sales and profits. Even if the various units of the company are doing their job well, still, our target market continuous declines every single day. After conducting the investigation, the company officials found out that the problem boils down to the office of the CEO. The specific problem would be the CEO of the company took a couple of time planning for the instructions that must be given to the various units of the company as well as forwarding them to the vice-presidents of various units. Basically, the officers of the various units know the problem exists that is why they conducted an investigation to pin point the root of the problem. They also know the performance expectation that a CEO must fulfill in order to lead such complex company that covers wide operational services. This action caused delays in the daily operation of the business, thus, made the customers disappointed with the current performance of the company which before leads the market with providing delivery services to most of the cities in America. There are no hindrances outside the organization/team’s control that affects the performance of the CEO. Coaching Analysis Flow Chart This flow chart is being used as a strategic tool used to find out if we have to proceed in the performance improvement process and to identify the extent to which we can proceed in the performance improvement process. This is being used mainly to assist in the performance improvement process (Brocato). I believe that the problem is worth solving at since it already concerns the future of the business with regards to its performance to the market. The CEO of any company is the one that is responsible for the delicate operations aspects of the business and the source of most of the decisions that should be done by various units in order to achieve their goals and growth to have market stability. If this problem would not be solve, there will come a time wherein customers would no longer avail the services of the company, thus, could cause much more problem to the company. The competition now a day in the industry of delivery services is very tight due to the profitability in this type of business. Companies such as UPS and DHL are just a few of the threats to the company that needed much attention. With this, there is no room for any errors or incompetence on the part of any members of the company. Stockholder of the company could pull out their shares due to the risks involving the stability of the organization. It is much better it this problem would be treated right away so as to avoid any further complications and losses. The postponement in the imposition of the CEO with the specific plans per unit of the business cause delays in the operational process of the organization as a whole, specifically, the plan for the imposition of new delivery strategies to compete with the emerging delivery companies in the market. As based from the behavior of the market for the past years, they tend to easily shift their loyalty to those companies that can offer services that conform to their needs and type of living (Killoran). In short, innovative products’ are the one that gains market acceptance. Therefore, it is a must for the company to be on time with the delicate operational aspects of the organization so as not to be over shadowed by other companies belonging to the same industry. Every step in the operational process is important and requires constant observation on the part of the CEO so as to have a basis in conducting plans and strategies for the company. Therefore, it is a must to have a competitive and efficient CEO for the company to achieve their goals and stability in the market. The CEO fails to make new strategy regarding the imposition of an innovative delivery strategy that would attract more customers. The only reason that I can see here for the incompetence of the new CEO is his lack of experience. Six months in the position would not be enough for him to familiarize himself with the regular operations of the business and on what is the market trend in the economy. The CEO of the company also did become extra confident with the market status of the company during the years before his assume the position of being the CEO. Because of this, he was not able to maintain the stability of the company and only cause chaos in the financial as well as to the sales of the company. Stockholders panicked because of the undertakings of the CEO as well as his performance with regards to performing its functions well. We can now see the effect of having an incompetent person handling a very delicate position of in an organization. The stake of the stockholders, employees and the clients that put their trust to the company for many years is in danger. With regards to the job structure of the organization, I believe that his roles and involvement to various aspects of operations has contributed to his inefficiency as the top manager of the organization. I believe that he is not yet ready to shoulder many responsibilities and must delegate some task to middle and lower level managers. His role as the main icon of the organization requires him to appear in public to represent the whole organization could also be a contributing factor for him not to finish his responsibilities well. During the recent months, he had to travel to some places in America to generate additional stockholder to finance the plan of expanding the company into some states in America. With this, he spends less time in his office while the employees of the organization wait for the next step that they will do. This is one of the disadvantages of an organization that relies most on their CEO; they lack initiatives to make suggestions for their respective areas of concern so as to lessen the responsibility of their top manager. Moreover, having initiative to plan for the welfare of the middle managers area of concern helps they develop their abilities since they have to use their creativity in making strategies and decisions. If they only follow the command of the CEO and not suggesting other strategies with which they think more beneficial than with the plan of the CEO, then, the organization would really become stagnant and can be considered as a â€Å"one-man-team† organization. As for the managerial behavior, the CEO of the organization lacks the ability to encourage his subordinates to use their creativity to make plans regarding some small aspects of the operation of the business. With this, the responsibility of the CEO would be lessened and can now concentrate to more delicate aspects of the operation of the organization. On the subject of the personality of the CEO towards the fulfillment of his responsibilities, I think, this overconfidence regarding the organization has leaded the company to this problematic situation. Because of this personality of the CEO, his concentration towards the attainment of the organizational goal is not that enough for the customers avail our services. Regarding the question on whether the proposed solution of delegating some responsibilities to lower and middle level managers, I think that it would only costs less time and money since the implementation of this strategy will only affect a small part of the time of those managers. Besides, they are the one must know what is happening in their area of concern, thus, they have most of the information as compared to the CEO of the company. With this solution, the problem can be addressed and would only take a few weeks to experience the positive effects to the company. Proposed Solution For the CEO to have enough time to concentrate to those more delicate aspects of the organization, he should pass some of the planning responsibility to the various units of the company (Jackson). For instance, the problem regarding the marketing strategy of the organization, the CEO could assign the vice president to marketing of the company to deals the said problem since the said person has more knowledge with regards to conducting market analysis and has more experience regarding capturing the tastes of their target customers. This solution need not to conduct any trainings or could cause much costs to the company since this solution only delegates the tasks that is intended to each units of the organization. This solution would also develop the sense of creativity of the middle and lower level managers since they have to think unique strategy and plans so as to gain large share of market in the industry. This will also help them boost their morale since they will start to feel that they are important in the organization and has a part in attaining their goals and targets in the whole operational process.

Narrative of My Escape from Slavery :: essays research papers

  Ã‚  Ã‚  Ã‚  Ã‚  This book is about a slave with a half-white mother and a white father. He was born in North Carolina and missed death in the first few days of his life. His mother’s mistress wanted to kill him because he was the son of his mother’s slave master. She went to his mother’s room at night with a knife but his Grandmother saved his life. Not to long after that he and his mother were sold.   Ã‚  Ã‚  Ã‚  Ã‚     Ã‚  Ã‚  Ã‚  Ã‚  When he was about six or seven years old his mothers old master died which lead to all the saves being divided between the children. He was sent to his father’s wife’s brother-in-law; this separated him from his mother. The way they were divided was that different names of the slave’s were written on a piece of paper and put into a box. Then the children would all draw from the box and see whom they get.   Ã‚  Ã‚  Ã‚  Ã‚  He was then sent hundreds of miles away from his mother to the southern states of America. He caused this being sold to a negro trader. The Trader, Mr. Mitchell, was selling a lot of slaves on the way down south but found it hard to sell him. He was a lot whiter then the other slaves which was a problem. This resulted to him being sent to Mr. Seed who he stayed with for a year. He also had a hard time selling him.   Ã‚  Ã‚  Ã‚  Ã‚  He was finally sold to a man named Dr. Jones who was a Doctor and Cotton Planter. He was taught to mix medicines and sent to the cotton plantation. He also did work in the doctor’s home. A few months after he was then sold to a man named Mr. Smith. He was then about twelve years old. For the next eight years he would be sold to many different traders in many different places.   Ã‚  Ã‚  Ã‚  Ã‚  After many trades, a man named Mr. Gooch who lived in Cashaw County, South Carolina, now owned him. HE was immediately set to the cotton plantation to work. Mr. Gooch gave him bread and meat for allowance. That still wasn’t half enough for him to live on. He was giving hard labor with made him think of his fellow-slaves. HE became tired of the work and tried to run away. He was caught by a trader and set to Lancaster Gaol. Here slaves advertise for their masters to own them.

Jane Eyre and a Tale of Two Cities: Love Theme

â€Å"I'm not supposed to love you, I'm not supposed to care, I'm not supposed to live my life wishing you were there. I'm not supposed to wonder where you are or what you do†¦ I'm sorry I can't help myself, I'm in love with you. † (Quote from Lord Byron) What is love? Scientists would simply call it a magnificent chemical war inside the brain causing us to feel the way we do about another person. Famous poets Lord Byron and Shelley would argue that it is beauty that makes us feel love but isn’t it in fact love that opens our eyes to what’s truly beautiful about a person. Many would agree that love is blind but if this is so, how can it have the ability to allow us to see and feel things untouched by any other emotion. The only way to describe it that genuinely serves it any justice at all is to say love is magic. It has the power to make any given person do extraordinary things, the ability to transform or destroy anybody completely all in one emotion, one thing is for sure, it gives people a greater purpose for existence, a reason to live and die for, something beyond themselves to devote their life to. You can read also Analysis of Literary Devices of Jane Eyre These constructions of love are repeatedly promoted in two of the most well known novels of the Victorian period, Jane Eyre by Charlotte Bronte and A Tale of Two Cities by Charles Dickens. ‘She walks in beauty, like the night, Of cloudless climes and starry skies; And all that's best of dark and bright, Meet in her aspect and her eyes: Thus mellow'd to that tender light Which heaven to gaudy day denies. One shade the more, one ray the less, Had half impair'd the nameless grace Which waves in every raven tress, Or softly lightens o'er her face; Where thoughts serenely sweet express How pure, how dear their dwelling-place. And on that cheek, and o'er that brow, So soft, so calm, yet eloquent, The smiles that win, the tints that glow, But tell of days in goodness spent, A mind at peace with all below, A heart whose love is innocent! ’ (Lord Byron, She Walks in Beauty) Lord Byron, a famous poet from the 17-1800’s, frequently promoted love as being linked to appearance and beauty, judging from his poems where whenever he would talk about love he would either be describing a beautiful women or the beautiful features of a women of his desire. There’s no doubt that these poems were popular and appealing to the public, however, whether they are true or not is a different story all on its own. Both novels, Jane Eyre and A Tale of Two Cities correspond and contradict this idea of love. For example in Dickens’ work Lucie Manette is made to be an object of innocence and beauty, she’s very pretty yet she’s virtuous, she’s very generous and kind, willing to give her time to help anyone in need of her help, including her father whom she nurses out of insanity after he is freed from the Bastille. The fact that Dickens made the ‘leading lady’ of his novel this way, shows that he believes what’s on the ‘inside’ is just as important if not more, than the appearance of a person. These same ideas are portrayed in Bronte’s work, but in her version the roles are reversed, as she makes Rochester very handsome also giving him a particularly strong magnetism to his personality. People, more specifically women, are drawn to him, and to Jane his most prominently attractive feature is his eyes, which have been said to be, by many, ‘the window to the soul’, so what does this mean? Does the fact that he has smouldering eyes mean that he has a beautiful soul, or does it work the other way around, maybe it goes hand in hand but the author making this distinctive statement about eyes alone, shows that this is of particular significance. Jane, however, is described as rather plain, so if Bronte didn’t believe the same as Dickens why would Rochester be so drawn to her, fall in love with her so easily and refuse a superficially beautiful woman in order to have Jane instead. Both novels agree to the fact that beauty is sometimes an aspect of love but its most definitely not everything, personality is the main object of importance when it comes to true love. However the ideas of love that Lord Byron offered to the public were not uncommon in the time they were created. The fountains mingle with the river, And the rivers with the ocean, The winds of Heaven mix for ever, With a sweet emotion; Nothing in the world is single, All things by a law divine, In one spirit meet and mingle -Why not I with thine? See the mountains kiss high Heaven, And the waves clasp one another; No sister-flower would be forgiven, If it disdained its brother; And the sunlight clasps the earth, And the moonbeams kiss the sea – What are all these kissings worth, If thou kiss not me? (Percy Bysshe Shelley, Love’s Philosophy) Percy Bysshe Shelley (1792-1822) the second poet mentioned earlier, promoted the same ideas of love in his works, the only difference between him and Lord Byron is that he used personification a lot more, comparing and describing the beauty of women and love, to the beauty of nature and aspects of the world. However in this poem shown above he talks about his longing for love, a theme also featured in Jane Eyre which shows that when love is found it has the power to transform a person, their life and the world through their eyes as a whole. The transformative power of love is established in the course of both novels through characters including Jane Eyre’s love interest, the dark handsome Edward Rochester whose life changes in a dramatic way after meeting Jane. He goes from being a bitter playboy in Europe , to being humble yet still strong man, even turning down a beautiful socialite of high class, to be worthy of Jane’s love, showing also that beauty is not everything and it is what’s inside a person that really matters. Jane in the same manner also undergoes change, after longing for love and family her whole life, she finally finds it with Rochester and even after she leaves, she doesn’t encounter quite the same feeling until she returns to be with him. No woman was ever nearer to her mate than I am: ever more absolutely bone of his bone, and flesh of his flesh. I know no weariness of my Edward’s society: he knows none of mine, any more than we each do of the pulsation of the heart that beats in our separate bosoms; consequently, we are ever together. ’(Jane Eyre, Chapter 38) Another good example of how love can transform a person would be Sydney Carton from A Tale of Two Cities. His love for Lucie turns him from a drunk hat takes no credit in his work as a lawyer to a man completely devoted to making the one he loves happy. ‘It is a far, far better thing that I do, than I have ever done; it is a far, far better rest that I go to than I have ever known. ’ (Sydney Carton, A Tale of Two Cities, Page 225) Not only is his love one of strength, it is also pure and selfless because even though she marries another man, he sacrifices his life to save that man in order for her to be able to live her life with whom she truly loves. I would embrace any sacrifice for you and for those dear to you. ’ (A Tale of Two Cities, Chapter 19). This is the ultimate act of love and climax of the story, showing that love, even if one sided is capable of doing amazing things, that it is a thing worth dying for if necessary, that someone who‘s love is tru e and selfless towards another person will contentedly disregard their own happiness and well being just to ensure the happiness of the one who holds their heart. One other character from A Tale of Two Cities who also goes through a quite extraordinary change is Dr. Alexandre Manett, an accomplished physician who gets wrongly accused of a crime he didn’t commit and imprisoned in the Bastille for 18 years. In his trauma he loses his mind and spends his whole time in jail sitting in a dark corner making shoes. When he is finally freed his loving daughter Lucie Manett spends all of her time nursing him out of his insanity and eventually he falls out of madness and returns to normal again. This shows that love is capable of reaching so deep into one’s heart and mind that it can restore a man in a state of mind so distorted into a person he used to be such a long time before. It has the power to sedate and possibly even heal mental trauma which is really quite incredible. Unfortunetly Dr. Manett is a tragic figure in the book and relapses to his original state of mind but this also shows that not every story has a happy ending and that some must suffer for others to triumph. There is, however, a connection between Lucie and her father that can never be broken, after lovingly caring for him and bringing him out of madness there is a trust uncommon to this time and place that exists between the two that will almost certainly remain forever. â€Å"He found the Doctor reading in his arm-chair at a window. The energy which had at once supported him under his old sufferings and aggravated their sharpness had been gradually restored to him. He was now a very energetic man indeed, with great firmness of purpose, strength of resolution, and vigour of action. † (A Tale of Two Cities, Tyler, Chapter 10) It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair, we had everything before us, we had nothing before us, we were all going d irect to Heaven, we were all going direct the other way–in short, the period was so far like the present period, that some of its noisiest authorities insisted on its being received, for good or for evil, in the superlative degree of comparison only. (A Tale of Two Cities, Chapter 1) In the clash between the French aristocracy and the revolutionaries, both sides employed spies to find out their enemies secrets and deal out harsh punishments to anyone suspected of being a rival. In this sort of atmosphere you could imagine how distrustful people would naturally be of each other, anyone you met could’ve been the person who was going to have you imprisoned or even worse, murdered. It seemed like everyone was on their own, however, even in this callous time and place love offered solace to the troubled people in need of someone or something to help them get through, it was the only thing that could truly bridge the gap between two individuals. This also somewhat applied in Charlotte Bronte’s Jane Eyre as the troubled young Jane spent most of her early life unaccepted and unloved by her family and peers, the only one person who showed her any form of affection at all was Bessie, and even then it was only occasionally. When Jane and Helen become friends is the first time in the novel that she feels appreciated in any way as a person, she longs for love all this time because it is in fact the most cherished emotion that human beings feel. â€Å"to gain some real affection from you, or Miss Temple, or any other whom I truly love, I would willingly submit to have the bone of my arm broken, or to let a bull toss me, or to stand behind a kicking horse, and let it dash its hoof at my chest† (Jane Eyre, Chapter 8) Here you see how much Jane would really sacrifice just to feel that somebody loves her, this shows how valuable love really is because to live without it, is to live in longing for it. It is in truth, an emotion humans cannot live without and it’s literally everywhere we look, it’s what gives people hope, it’s the bigger picture on everyone’s conscious, from the love of beauty to the way a person behaves and their personality, love will always be important to human beings, and in honest belief the world would be a rather dead place without it.

Research On Islamic Banking In Uae Finance Essay - Free Essay Example

Sample details Pages: 12 Words: 3594 Downloads: 3 Date added: 2017/06/26 Category Finance Essay Type Research paper Did you like this example? With the start of century new development in the economic front happened and the most important was Islamic bank. Financial institution around the world saw new things emerging from Islamic bank such as Islamic socioeconomic, benefits and believes to stop interest rates and unethical activities of financial institution. Islamic bank provide new methods and new form of investment for development of economy. Islamic bank has given world and financial institution new air to breath. Islamic banking has made some important political, social, and economical changes around the world. Islamic banking Islamic bank has develop new definition for itself and it is define as a financial entity which can maximize the wealth of its share holders with benefits for the society based on Islamic principle or Islamic Shariah. (Islamic banking, 2010) Islamic banking is the banking system in which banking is done according to Islamic laws and to guide economic in Islamic terms. It is important to note that Islam prohibit and stops the use of usury and interest (riba) in any kind. Islamic banking also prohibits and stops involvement of banks in business related to gambling, pornography, alcohol and pork etc. Islamic banking has developed in late 20th century and it has created and catered the needs of Islamic consumer around the world according to developed technology of 20th century. (Islamic banking, 2010) Don’t waste time! Our writers will create an original "Research On Islamic Banking In Uae Finance Essay" essay for you Create order Principles of Islamic Banking There are main pillars in Islamic financial systems which are important for Islamic banking workability. Principle of Islamic banking includes laws and rules and they are called Shariah which governs many parts of society such as culture, economy and society as a whole. (Islamic banking, 2010) Shariah started from the rules of Quran and its practices which then explain by Sunnah and by Prophet Muhammad (Peace Be Upon Him). Further explanation of the Shariah is done by Islamic jurisprudent, and this interpretation is important for correct Islamic banking. (Islamic banking, 2010) There are different principles of Islamic banking which I will cover and explain. Interest: Interest is considers bad thing in Islam because it is beyond the pale in increase of capital/money in many forms loans or deposits. More importantly we can say any increase in varies banking such as fix banking, to increase the profit is considered to be prohibited because it generates unhealthy profits. Int erest (riba) is prohibited in Islamic banking but also charging is also prohibited in Islam because it creates debate on equality and rights (Warde, 2000). Islam is a peaceful religion and it encourage earning of profits but it discourage the interest in Islamic banking. Social system must have balance and lender and borrower should share the profit or lose and Islamic banking provides such socially acceptable phenomena. Risk partaking: Risk partaking is not allowed in Islamic banking because supplier becomes unjustified-ably the benefited rather than the creditor. Islamic bank provide financial capital and its profit and loses must be shared to decrease risk partaking in general practice of financial activities. Capital: Capital is also known as potential money and it makes actual capital join with other resources to make productive activity. Islamic banking recognize the value of money and but it prefers capital not the potential capital. Speculative behaviour: Speculativ e behaviour is considered bad in Islamic banking because it involves extreme level of uncertainty and risk for capital investment and utilization (Islamic banking, 2010). Example includes gambling and anything related to gambling. Purity of contracts: Islam is the religion which inhabits purity in it and it implement this purity in contracts because contracts should disclose all the necessary information to be known. Purity of contracts reduce asymmetric and hazard risk (Islamic banking, 2010). Shariah activities: Islam involves only things which are based upon shariah and doesnt violate sharish in any form. Example of approved shariah activities includes any investment in dealing with gambling, pork and pornography is illegal (Islamic banking, 2010). Banking Risk and Islamic banking Understanding the banking risk is very important Islamic banking because in determines a competitive and volatile market environment for complex banking business process. A bank should be aware of risk when it is operating or taking any process into consideration. Below are the risk and factors an Islamic bank should consider in general banking environment. Figure 1: Banking risk exposures Financial risks Operations risks Business risks Event risks Balance sheet structure Internal fraud Macro policy Political Income statement structure and profitability External fraud Financial infrastructure Contagion Capital adequacy Employment practices and workplace safety Legal infrastructure Banking crisis Credit Clients, products, and business services Legal liability Other exogenous Liquidity Damage to physical assets Regulatory Market Business disruption and system failures (technology risk) Reputation and fiduciary Interest rate Execution, delivery, and process management Country risk Currency Source: Archer Karim, (2007). In Islamic Finance: The Regulatory Challenge (p. 14). Singapore: John Wiley Sons (Asia) Pte Ltd. Finance product and instruments in Islamic Bank There are many type of financial instrument the Islamic banks use and these are sometimes simple and sometimes complicated due to various banking aspect. Debt instruments: Debt instruments include Murabaha (Murabaha is determination of resale price based upon cost and profit markup), Salam (Salam define the deferred delivery of goods and it is opposite of Murabaha), Istisna ( Istisna is financial lending for long term), and Qard al-Hasan ( Qard al-Hasan is interest free loan). (Iran International, 2006) Quasi-debt instruments: Quasi-debt instruments have Ijara which means leasing contract by group leases assets for specific rent and terms. The bank has to bear all the risk associated with ownership and assets can be negotiated based on market price and sale of Ijara contract. (Iran International, 2006) Profit loss sharing instruments: Profit and loss sharing instrument has Musharaka which is an entity under which bank and client jointly take a financial project. Ownership can be decided based on involvement of finance in the project. Profit and loss sharing is also agreed between two groups and there should be no violation of contract or misconduct in any terms. (Iran International, 2006) Islamic Bonds: Islamic bond include Sukuk which is basically a financial certificate and it is Islamic equivalent of bond. There are some types of financial certificate which are not allowed in Islamic finance such as fix income and interest baring bonds. (Islamic banking, 2010) Safe keeping: Safe keeping includes Wadiah in which bank is considered as trustee of fund. A person has account in the bank, bank assurance the amount of the account. (Islamic banking, 2010) Agency: Agency is defined as waqalah which undertakes persons all transactions on his behalf. (Islamic banking, 2010) Current practices in Islamic Banking Islamic banking are collective at the point of interest free banking and they have equal and distributed basic agreed principles to work on. Islamic bank can be different according to individuality and country laws, aims and objectives, experience and circumstances and interaction based upon free from interest rates. In the coming paragraph I will describe the common features implemented by Islamic banks around the world. (Gafoor, 1995) Deposit accounts Islamic banks have different kind of account which includes investment, current, and savings account. Current accounts A current account equal to conventional bank account and in it deposit is assurance. Savings accounts Saving account operate differently in Islamic banks. In few banks depositor is allowed to use money but they have to obtain assurance of getting full money to the bank. Banks allow several methods to attract customers but no profit is promised. In other few saving accounts an account is treated as investment account and has various strings attach to it. (Gafoor, 1995) Investment account Investment account are accounts in which amount is deposit for unlimited time upon the request of the investor share is done in profit between bank and investor. In investment account the capital is not assured. Modes of financing There are different modes of finance which are implemented by Islamic bank and called trade, lending and investment finance. Investment financing There are three main category of investment financing. They are: Musharaka: Musharaka in which bank joins another group to setup another joint venture, both groups participate in project in varying form. The profit and loss is determined before the start of the project. (Gafoor, 1995) The concept of musharaka is similar to join venture concept and venture is independent entity from which bank withdraw step by step. Mudarabha: Mudarabha is a form in which a Islamic bank provides finance and the person provides the expertise and management. (Gafoor, 1995) Profit and lose in this is also define before the start of project. But the important thing is that loses are usually taken by bank. Estimated rate of return: under this type of investment bank determine the estimate price of returns for specific project undertaken by bank. If the project is finished and profit is more than estimated amount then the profit goes to the client, and if the loses is in the profit then the bank will accept lower rate. Trade financing There are five main category of investment financing. They are: Mark-up: Mark-up is the type of trade financing in which banks buy items from client and client agrees to pay to the bank on agreed profit. Leasing: Leasing is type of trade financing in which bank buy item for client and client has to payback the amount in specific allowed time. Hire-purchase: Hire-purchase is the purchase in which the bank buys an item for client and hires him for agreed rent or cost for specific time until client becomes the owner. Sell and buy back: Sell and buy back is in which client sells property to the bank and buy back from the bank at a agreed price. Letters of credit: Letters of credit is where bank assurance for importing items for a client. Lending There are two main category of investment financing. They are: Service charge loans: service charge loan is the service charge where bank lends money without interest and bank covers expense by service charge. No-cost loans: No-cost loans are for people like farmers with small land, producers with small production and they are very needy person or clients. Services Islamic banks also provide services which are also important such as money transfer, trade in different currencies, and bill assortment where banks own money and not involves in commission. (Gafoor, 1995) Islamic Banking in UAE Islamic bank started in UAE according the law of 1985 number 6 of article 1, 2, 3, and these laws governs Islamic bank and financial institute in UAE. (Centralbank, 1985) These articles are made so they are compatible with UAE and Shariah laws. To work in UAE in Islamic banking it has to conduct its activities according to principle of Islamic Shariah. Islamic banks in UAE have the right to conduct commercial, investment and other financial related activities openly and clearly. Islamic banks also have the right to do lending and other financial operation and they can also move their assets and benefit from these assets according to its shariah law (Centralbank, 1985). UAE has number of Islamic banks and the number is increasing each year and so the development of the UAE. (Tahir, 2006)Dubai Islamic bank is the first bank which is free from interest and it also practice Islamic banking according to shariah and this bank is based on the idea of Muslim endorsement by OIC (Organ ization of the Islamic Conference). Strategies of Islamic banks in UAE In the UAE the strategic management considered that it is group of decisions and activities in the present to ensure the performance of institutes in the future, these decisions included forming specific aims that should be achieved upon dissimilar periods of time begins with short period of time passing with middle period of time, finishing with the distant period of time, the strategic management consists of three stages: 1- The strategic environmental analytical stage: and it depends on studying of the two environments the interior and the exterior to the institute in order to identified the strategic management and use it in the next step the organization environment contains four main materials the chances given, the risks, in the exterior environment, and the weak and the strength points in the interior environment. The strategic planning strategy contains making four followed activities, and does them to achieve the institutes aims and its strategic plans and its differen t policies. (Pealow, 2000) 2- The execution stage: it contains put plans and policies which have been developed in the last stage in effective application, during to the application programmes and balance sheet and different other procedures. (Pealow, 2000) 3- The watching strategic stage: this stage contains evaluate the institute performance to ensure that the strategic aims applied according to the plans and the correcting procedures to correct mistakes and effective watching for the application. But the human resource strategic is decision making process relates to the human resource system that make the human resource system with the environmental conditions and to support the institutes strategic and achieve it strategic aims to face the exchange that face the institute according the environmental conditions. (Pealow, 2000) There is difference between work force planning and the human resource strategy but the human resource, so the work force planning strategy foc us on application employments in human resources management because it is a part from the institute strategy and work with it to achieve the strategic aims, the human strategic human resources materials identify through to: Studying the environmental materials that surrounded the institute from all its side and the human resource system. Putting on the human resources aims with supporting the general aims of the institute and working on doing them. Apply the human resource private strategy that supports its general strategy. Apply the work plans and policies and the private time programmes of human resource that support the strategy. Management of Islamic Bank in UAE Now the differentiate between the local and international business demands on the banking environment the great generated development from the quick technical development that dominate on the business with two its forms productive and serving, in all organizations, and the actual of competition that depending on the employ career and modern technology, in the work sector adding development and improvement in the productions and services in all kinds and forms, that achieves the organizations aim to destroy the competitions obstacles, and apply its planes, due to the progressing improvement in the field of development and progress of the organizations strategies. And to achieve all of these things, it is necessary and duty of the managements find strategic professional management for human resources and it should be the productive and creative basic of the organization with specialist rule can be deal with the environmental changes, and to integrate its strategy with the organiza tion strategy that it deals with to use the chances and face changes and the ability to self built, that helps to achieve strategic aims for managements and organizations. The process of educated and trained human resource the most important cases that the banks and institutes related to, so on the developing nations take great importance combined with great desire to develop and improve the work performance for the workers and identify their productivity, in this research we will study the strategic management for human resource as group of modern systems that completed to achieve human resource system that aims to support the organization strategies to face changes with environmental cases that achieve its development and progressing. Challenges facing Islamic banking Islamic banking faces many challenges around the world. There are many challenges related to conventional banking, globalization, competition, price and quality, economy, growth, capital and long term investment. The Islamic banking has many weaknesses and strengthens which make them workable in hostile environment. (Challenges facing Islamic, 2005) Islamic bank should develop global banking industry and open their self for financial balance and attracting large number of clients for greater ability to attract the capital and providing best possible service. (Tahir, 2006)Islamic bank should also provide better rule and standards, good station, good technical system, good financial technology and innovation. Islamic bank should also regulate itself according to international Islamic financial market. (Challenges facing Islamic, 2005) There are many challenges related to commercial aspects affecting Islamic banking and Islamic institution. Below diagram illustrate the differenc es which are faced by Islamic bank in no-commercial and commercial pressure. Figure 2 No commercial pressure on Islamic Financial Institution Investment Account Holder Mudarib Ijarah Investment account holder does not have any alternative investment opportunities RETURNS Commercial pressure on Islamic Financial Institution Ijarah Investment Account Holder Mudarib Mudarib must forfeit returns and smooth income to make ijarah commercially viable Potion of mudaribs income forfeited to investment account holder RETURNS Source: Archer Karim, (2007). In Islamic Finance: The Regulatory Challenge (p. 99). Singapore: John Wiley Sons (Asia) Pte Ltd. The Islamic Bank in UAE and Market Discipline UAE as new creative and development country adapt all new changes that related to business so that it could continues and implement always the demands of world economy and created relations in a way for stronger marketing improvement. And since the banking investment it is one main way to achieve the successful in business environment, as a result the UAE government id support and help to have 8 Islamic banks that been entered to the market in all UAE with capital investment exceed trillions of dollars. So all these banks did already start their operations and did increase the preference in the huge economy of UAE. So, all banks in UAE do have plans to get more profits ASAP based on the visions and missions to become as one of the leading banks in the world (Archer Karim, 2007). Islamic banks in UAE considered as a multinational organizations network that spread all over the region. There are legends in innovation founded in UAE economy. They do provide products and a service i n different countries, recently employed thousands of people around the region, and sells and services real estate and other retails in many countries. Market discipline plays an important role in banking and if an Islamic bank has to develop; it has to follow the steps of information, ability, incentives and mechanism combining with market discipline which is shown diagram below. (Archer Karim, 2007) Figure 3: Developing market discipline in Islamic Banking Market participants must have the ability to process information correctly Market participants must have sufficient information to reach informed judgments Information Ability Incentive Mechanism Conditions for effective market disciple Market participants must have the right mechanism to exercise discipline Market participants must have the right incentive to act upon information Source: Crockett, former BIS General Islamic Banks Nature of innovation Nature of economy is changing developed world, more and more innovation is needed for continuous growth. (Tahir, 2006)The challenge face by today world is crisis which is faced by different organization and institutions. This crisis makes difficulty in lending, decline in non-financial organization cooperation for growth so we need innovative concept and technique which are in early Islamic banking such as Mufawada, and Mudarabah. (Iqbal, 2001) Below are the growth factors in variable terms and it effect on Islamic banking, these analysis give us the perspective where the Islamic bank are standing and where they should go in coming decade. IBs stands for Islamic Banks CG stands for control group which consist of conventional banks. Figure 4: Investment Investments Growth IBs Investments Growth CG 1990-94 11.3 % -0.8 % 1994-97 7.3 % 9.1 % 1990-97 9.6 % 3.3 % Source: Dr. Munawar Iqbal (2001). In Islamic Banking and Finance: Current Deve lopments in Theory and Practice (p. 382). United Kingdom: The Islamic Foundation. In 1990-94 Islamic bank investment growth was 11.3% while control group has negative growth. In 1994-97 Islamic bank had a decrease growth 7.3 % while control group had increase growth of 9.1%. Figure 5: Assets Assets Growth IBs Assets Growth CG 1990-94 9.3 % 4.8 % 1994-97 6.8 % 6.6 % 1990-97 8.2 % 5.6 % Source: Dr. Munawar Iqbal (2001). In Islamic Banking and Finance: Current Developments in Theory and Practice (p. 382). United Kingdom: The Islamic Foundation. In 1990-94 Islamic bank assets growth were 9.3% while control group has asset growth of 4.8%. In 1994-97 Islamic bank had a decrease growth 6.8 % while control group had increase growth of 6.6%. Figure 6: Equity Equity Growth IBs Equity Growth CG 1990-94 7.9 % 6.4 % 1994-97 10.5 % 4.7 % 1990-97 9 % 5.6 % Source: Dr. Munawar Iqbal (2001). In Islamic Banking and Fi nance: Current Developments in Theory and Practice (p. 382). United Kingdom: The Islamic Foundation. In 1990-94 Islamic bank equity growth were 7.9% while control group has asset growth of 6.4%. In 1994-97 Islamic bank had increase growth 10.5 % while control group had decrease growth of 4.7%. Figure 6: Deposit Equity Growth IBs Equity Growth CG 1990-94 9.3 % 3.1 % 1994-97 6.1 % 7.2 % 1990-97 7.9 % 4.8 % Source: Dr. Munawar Iqbal (2001). In Islamic Banking and Finance: Current Developments in Theory and Practice (p. 382). United Kingdom: The Islamic Foundation. In 1990-94 Islamic bank deposits growth were 9.3% while control group has deposit growth of 3.1%. In 1994-97 Islamic bank had decrease growth 6.1 % while control group had increase growth of 7.2%. Conclusion Islamic banking is a very young concept compare to traditional banking, still it is implemented in Islamic countries but Islamic countries there is also traditional banking which is the threat to Islamic banking. Despite the success of Islamic banking there are few problems in Islamic banking which are related to area of finance. (Gafoor, 1995) To get rid of problems Islamic banking, Islamic bank should get rid of unwieldy, troublesome and uncertain financing activities, and have efficient and effective interest free banking. In Islamic banking it has all needed and basic required element for successful banking but they need little modification, such modified example is mudaraba financial service. Islamic bank also should operate in non-Muslim countries and they should give positive alternative to conventional banking for non Muslim people. (Gafoor, 1995) Finance is unique feature of Islamic banking and it should be relevant to shariah and Islamic principle, but it must not f orget to have a country which can develop itself on Islamic banking.