What is mentoring at work What benefits may the mentor derive from Essay

What is mentoring at work What benefits may the mentor derive from such a process Illustrate your answer with suitable examples - Essay Example velopment, acquirement of inter-personal skills, problem solving skills, collaboration and teamwork as well as open mindedness among other positive aspects that are important for enhancement of performance. The purpose of this paper is to assess critically the meaning of mentoring at work and to assess the benefits that a mentor derives from workplace mentorship. Mentoring is a practice that involves sharing of knowledge, experience, facts as well as the point of view by a person to promote personal and career development in another individual. At work, mentoring involves maintaining a positive attitude towards work as well as developing problem solving skills among the less experienced employees to enhance the accomplishment of organizational goals. A mentor is usually an experienced worker in an organization who understands the organizational processes and is competent in problem solving (Ragins, 2007). Zachary (2005) states that, â€Å"satisfaction is one of the major benefits of mentors†. In essence, humans tend to be inclined towards helping others as a sign of social responsibility. Material benefits may not be achieved, but the mentor tends to feel esteemed when successful individuals associate their accomplishments with him/her. When a person acts as a mentor, there is a high possibility of developing a new perspective in regard to approaching issues in the workplace. The mentor gains a sense of worth on the realization that the knowledge he/she has acquired over many years is valuable not only to the organization, but also to another person who will possibly pass it over to a third person in future. In essence, he/she becomes a legendary employee in the organization whose legacy is admired by many. Willingen (2000) observes that talent is preserved in an organization, which is an indicator of success for the mentor. Moreover, the mentor understands concepts better as he/she engages in problem solving through workplace mentoring (Ensher & Murphy 2005).

IMF Policy and Its Effects Assignment Example | Topics and Well Written Essays - 1000 words

IMF Policy and Its Effects - Assignment Example In his essay â€Å"What I Learned at the  World Economic Crisis†, he described very thoroughly the problems of such countries and the role of international monetary fund IMF in creating and multiplying the downfall of a running economy. Stiglitz said that during his appointment as chief economist, he saw many economic crises in most parts of the world, which then took the form of a global crisis. He said that the IMF in not very serious on the issue of solving the problems of countries. Because it suggested wrong policies, many developing countries which were initially in a very good state, adapted those policies & in the end, declined off smoothly. Actually, IMF tries to implement the same tactics on each country without properly analyzing the background and ground facts. During the crises of Latin America in 1980s, IMF imposed controlled budget technique and tight policies if the countries agreed to provide them with an aid. This really proved to be good for them as they w ere not already involved with budget surpluses techniques so they survived from the crisis in a much better way. But the big issue is that IMF imposed all such techniques to those countries too like Thailand and Indonesia, who have a total different reality than US. This was a big mistake, not only from the IMF side but from the governments too, as they did not consider the fact that IMF was not fully aware of their economical status. They were already giving huge surpluses while avoiding the severe conditions of illiteracy and other factors that contributed a lot in economical development of a country. By implementing IMF policies, they nearly starved to death. The inflation rates and unemployment soared and people came upon the streets against their governments. Another major reason of this setback was that some Asian countries started liberalizing their capital markets, due to which they needed more revenue to compensate. So they implemented some short term financial programs whi ch caused huge real estate disasters. In late 1990s, Thailand and Indonesia suffered major economic crises due to bad policies of IMF. Stiglitz suggested that the tight austerity measures, high interest rates and reductions in government’s expenditure cannot solve the problem of such countries; rather it would propel them more towards depression and result in more bankruptcies. If there would be internal policies of the country according to its own ground facts, then they would be more helpful. Privatization is not the solution; instead there must be market competition so that the best would tackle the system. There should be an institutional infrastructure from top to bottom, which would definitely be helpful in boosting the economy. If every country suffering from recession adapts these measures, it will definitely get out of it without much damage to the economy (Stiglitz. What I Learned at the World Economic Crisis. 2000). In the reply to all of above mentioned accusation s made on IMF, Kenneth Rogoff, the Economic Counsellor and Director of the Research Department at IMF, came up with a comprehensive set of answers in his article â€Å"The IMF strikes back†. He said that there has been a debate on the competency of IMF staff that they are incapable and 3rd class students at their times, and also that IMF staff is careless and irresponsible that they don’