ORGANIZATIONAL SUCCESS Essay Example for Free

ORGANIZATIONAL SUCCESS Essay Inadequate skills is present if the problem is the employee’s lack of certain skills, a supervisor should see that the employee gets the necessary training. Talent management is the automated end-to-end process of planning, recruiting, developing, managing, and compensating employees throughout the organization. Lisa needs to set up a mentoring and coaching programs that will advises, counsels, and guides her current employees. Both coaching and mentoring skills are needed for appraising employees, but appraising and assessing refer to rating an employee. While employers have long managed their talent without computerized systems, talent management today is usually information technology–based. Several software providers offer specialized talent management suites. The suites include and integrate underlying talent management components such as e-recruiting, e-training, performance reviews, and rewards. For example, talent management software includes e-recruiting software, employee performance management, a learning management system, and compensation management. Among other things, this program relieves the stress of writing employee performance reviews by automating the task and ensures that all levels of the organization are aligned—all working for the same goals (Dessler, 2011).† Lisa and the CFO have sufficiently investigated whether training is really called for through the control process. A manager should continuously gather information about each employee’s performance. This is an ongoing activity, not something the supervisor saves to do when filling out appraisal forms. Ways to gather information include keeping regular performance records (such as a work team’s output or the customer calls handled by each employee), saving customer notes of complaint or praise, writing a summary whenever an employee is observed doing something exceptional, and encouraging employees to keep track of their accomplishments. This record keeping may seem time-consuming, but it is essential. Lisa and other supervisors need to make sure employees know and understand what is expected of them. To do this, they should make sure that objectives for the employees are clear, and he or she should communicate them effectively. Employees are most likely to  understand and be committed to objectives when they have a say in developing them. More and more firms now require that supervisors and employees together set mutually acceptable performance goals. Hospitality Skills/Training Guide for Valet Attendant Set your property apart from the competition with this excellent job-specific training program for valet attendants. This binder is divided into 6 tabbed sections: This guide provides the basis of a six-day training course for new employees and current employees. The Employee Knowledge tab includes: †¢Quality Guest Service †¢Bloodborne Pathogens †¢Personal Appearance †¢Emergency Situations †¢Lost and Found †¢Recycling Procedures †¢Safe Work Habits †¢Manager on Duty †¢Your Propertys Fact Sheet †¢Employee Policies †¢The Americans with Disabilities Act Employee Skill tab contains: †¢Follow the Propertys Valet Posting Positions †¢Maintain Clear Drive-up/Drop-off Area †¢Welcome Guests and Offer Assistance †¢Load and Transport Luggage Using Luggage Cart †¢Valet Park Guest Vehicles †¢Retrieve Vehicles That Have Been Valet Parked †¢Provide Storage for Guest Luggage †¢Assist With Luggage for Group Arrivals and Departures †¢Use the Guest Information Directory †¢Prepare Maps and Provide Directions †¢Arrange for Services Requested by Guests †¢Handle Guest Service Problems †¢Arrange for or hail Taxis for Guests †¢Arrange Limousine Services †¢Provide Courtesy Transportation †¢Report Vehicle Accidents †¢Clean the Drive-up, Entrance, Valet Stand, and Luggage Carts †¢Assist Guests at Check-out †¢Respond to Situations Requiring First Aid †¢Handle Cash Payment and Tips †¢Assist in Rooming Guests †¢Assist Guests During Room Changes The Hotel Paris’s competitive strategy is â€Å"To use superior guest service to differentiate the Hotel Paris properties, and to thereby increase the length of stay and return rate of guests, and thus boost revenues and profitability.† HR manager Lisa Cruz must now formulate functional policies and activities that support this competitive strategy by eliciting the required employee behaviors and competencies. References: Dessler, G. (2011). Human Resource Management. (13 Ed.).Upper Saddle River,NJ: Prentice Hall

Designing The Perfect Leadership Development Experience Education Essay

Designing The Perfect Leadership Development Experience Education Essay Leadership development is improving the qualities of leadership. This can be achieved by Planned and systematic efforts (Groves, 2007 cited in Amagoh, 2009). Leadership development programme is similar to the learning organization concept which focus on facilitating change, empowerment, knowledge sharing, opportunities for learning development and promotes leadership development. (Amagoh, 2009) Nowadays companies struggle with leadership development. They send the top performing employees to attend few leadership development workshops seminars and expect the participants to be the leaders in a week or so. This does not work as expected since personals have different characteristics and abilities. National wide financial have found four kinds of people who engage in this type of development programmes. They are reluctant leaders who have all the necessary skills to be a manager but not confident that they would be effective leaders. Second type is arrogant leaders who believe they have all the leadership skills but lack those skills. Third category is unknown leaders who have the right leadership skills but since they are not good at developing relationship, they fail to be selected as effective leaders. Finally the workaholics which we come across very often (Griffin, 2004). In my individual leadership development programme I have to first identify myself among the four types. Even though occasionally I have played the role of a leader, it makes me to think whether I could be in a leaders position of an organization? This more sounds like a reluctant leader. Initializing the development programme can be based on major leadership traits, which are intelligence, self-confidence, determination, integrity and sociability. Intelligence Studies found that leaders have higher intelligence compare to non-leaders (Zaccaro, Kemp and Bader, 2004, cited in Northouse, 2007). Intelligence helps in solving the critical problems effectively. I believe intelligence partly come from birth and partly by continuously involved in activities which could boost it. This can also be acquired by observation. Self-confidence This is one area which I focus to improve that in turn will help in chairing an organization. Leadership is all about influencing the followers in order to achieve the vision. Self-confidence is necessary to assure that the way leader influence is appropriate. Determination This includes initiative, persistence, dominance and drive (Northouse, 2007, p. 20). Determination will direct the followers in a desirable path in order to achieve the vision. Integrity This refers to honesty and trustworthiness. Developing the integrity skills will enable confidence in others, which in turn enables delegation, and thereby followers feel ownership and motivated. Sociability Leaders one of the main tasks is to develop and maintain relationships within and outside the organization. Therefore, skills such as being friendly, outgoing, courteous, tactful and handling issues diplomatically are essential to be an effective leaders. Stevens, (n.d. p.42) says managers wear square hats and learn through training. Leaders wear sombreros and opt for education. Some of the learning through education to become an effective leader are understating, generating ideas, questioning, looking for processes rather than content, initiating strategies, long term focus, risk taking, open minded, skill of imagination, etcà ¢Ã¢â€š ¬Ã‚ ¦ therefore the leadership development programme should highlight the above aspects. Bennis, (2009,) says on becoming a leader the first thing is to identify is knowing yourself. He has also identified four lessons of self-knowledge (Bennis, 2009, p.52) You are your own best teacher Accept responsibility. Blame no one You can learn anything you want to learn True understanding comes from reflecting on your experience I would say the basic mantras for me to become a leader will be the above four lessons. I would also use integrated solution approach and some other common senses. Integrated solution approach This includes eight steps (Weiss and Molinaro, 2006, cited in Amagoh, 2009). Developing a comprehensive strategy for development Designing the development activities according to organizational and global challenges. For example, compare to the earlier days the social interaction among different nationalities are a must in order to perform as an effective leader. Being in Dubai, in a routine basis we would meet around 180 nationalities where each of them are different. According to Bennis (n.d., cited in The emirates center for strategic studies and research, 2002) the new leadership should understand and practice the power of appreciation, keep remind the people of what is important and generate sustain trust. Use the leadership stories. This is one of the excellent learning which I consider. Reading and understanding different leaderships styles and world-class leaders way of leading will help in enhancing the skills of leadership. Understanding both global and local individuals needs. Using emergent design and implementation will also enable development. Understanding the culture. Focusing on critical moments of leadership life cycle. Applying a mix of methodology will enable development. On top of the above, importance have to be given for personal growth, understanding the concepts, learning through feedbacks and mistakes, skill building, etcà ¢Ã¢â€š ¬Ã‚ ¦ will also enable development (Allen and Hartman, 2008, cited in Amagoh, 2009). In answering, How would you know it was effective, I would say if the leadership effectiveness is achieved, it is obvious that leadership development plan was effective. And on the other hand we should also understand leadership development is not one time learning rather it is an ongoing learning process. Therefore, any inefficiencies or neglected skills once identified can be learned. The way we do business around the globe has changed in past dramatically and it is also evidence that the change is continuing. To cope up with the challenging dynamic world leaders has to continuously sharpen their skills. One of the example which I would quote is the professional organizations like CIMA (UK) and ACCA (UK) have introduced programmes called CPD (continuing professional development) to keep members connected with the current and changing world. Leadership effectiveness can be defined as successfully influencing followers in order to achieve the organizational vision (Vardiman et al, 2006; Bodinson, 2005 cited in Amagoh, 2009). Effective leadership is one of the competitive advantages of an organization. In addition, the effective leader determines the organizational performance and growth who are expected to establish vision and strategies, maintain relationship and manage change in order to ensure the organizational growth and survival within the competitors. In conclusion, leadership development programme has to be designed by considering various aspects and skills needed to be an effective leader. In addition, continues progress monitoring and identifying lacking skills will enable to plan the next step of the development programme. We should also understand and accept the fact leadership development is not a one time learning but it is a lifelong learning. Sangeeven

rates of chemical reactions- lo3 questions

rates of chemical reactions- lo3 questions Rates of Chemical Reactions- LO3 Questions 1.1 Two Grand-Pa tablets would have the same effect as one Grand-Pa powder this is because Grand-Pa Headache Tablets each contain, Aspirin: 226,8mg, Paracetamol: 162,0mg and Caffeine: 32,4mg where as Grand-Pa Headache Powders each contain Aspirin: 453,6mg, Paracetamol: 324,0 mg and Caffeine: 64,8 mg thus to obtain the same dosage of ingredients, twice the dosage, thus one would have to take two tablets to equal one powder. 1.2 Drinking them with warm water will allow for a faster reaction rate thus allowing the effect of the pain killer to work faster. Also, if the powder is dissolved into a small amount of water then the solution will be more concentrated and will therefore be able to get to work in a more effective manner quicker, which will allow for the powder to work quicker in relief of pain. 1.3 The granules in the powder have a larger combined surface area than that of a tablet, which results in a reaction with the water to be done quicker with the powder for, resultant of the larger exposed surface area of the granules, more reactions occur/are allowed to occur at a quicker rate between the reacting particles. The tablet, being comprised of compounded granules together, the collisions between the reacting particles is limited for the surface area of one whole tablet is less than the combined surface area of granules. Therefore less reactions are allowed/do occur, therefore the powders provide faster relief than the tablets for they react faster with the water and thus will work faster in supplying pain relief. 1.4Total: 453.6mg+324.0mg+64.8mg=842.4mg Aspirin: (453.6mg/842.4mg) * 100/1=53.85% Paracetemol: (324.0mg/842.4mg)*100/1=38.46% Caffeine: (64.8mg/842.4mg)*100/1=7.69% 1.5 Symptoms of Overdose Aspirin: These include dizziness, tinnitus, sweating, nausea, vomiting, mental confusion, hyperventilation, respiratory alkalosis, metabolic acidosis, ketosis and depression of the central nervous system. In children serious signs of overdosage may develop rapidly. May include: burning pain in the throat/stomach, confusion, mental/mood changes, fainting, weakness, ringing in the ears, fever, rapid breathing, change in the amount of urine, seizures and loss of consciousness. Paracetamol: Liver damage which may be fatal may only appear after a few days. Symptoms of overdosage include nausea and vomiting. Acute intoxication causes kidney failure. Pallor, nausea, vomiting, anorexia and abdominal pain. Liver damage may become apparent 12 to 48 hours after ingestion. Abnormalities of glucose metabolism and metabolic acidosis may occur. In severe poisoning: hepatic failure may progress to encephalopathy, haemorrhage, cerebral endema (brain swelling), and death. Cardiac arrhythmias and pancreatitis have been reported. Caffeine: Large doses may cause restlessness, excitement, muscle tremor, tinnitus, scintillating scotoma, tachycardia, extrasystoles, restlessness, nervousness, excitement, insomnia, flushed face, dieresis (frequent urination), gastrointestinal disturbance, muscle twitches, rambling flow of thought and speech, tachycardia or cardiac arythmia (fluctuating heart patterns), periods of inexhaustibility (continuous awareness) and psychomotor agitation ( trouble sitting still and being calm). 1.6 I would advise them not to, because they are already coffee addicts they are probably taking in a lot of caffeine already thus to take the Grand-Pa powders would increase their risk of an overdose. It also has the ability to enhance the effects of paracetamol and aspirin so not only will the caffeine have an effect on the persons body in an overdose situation, but the other contents of the Grand-Pa powders, namely the aspirin and the paracetamol will also have an effect on the body, and the combination of all three of them in an overdose situation will result in certain kidney failure and death resultantly. 2.1 The surface area of wood flour is great, because it is composed of grains which are very small this would cause for a large, sudden explosive effect should the cigarette ignition come into contact with the wood flour. The concentration of the reactants (the wood flour) is great having the granules that are very small and in piles together. Should the ignition/flame from the cigarette come into contact with the piles of the wood flour an explosive effect, resultant of the concentration of the wood flour. The application of the heat to the piles of wood flour will result in the reaction, for the increase in heat will result in a reaction and will work in supplying the sudden reaction of the wood flour parts. The smoking of a cigarette is also banned because cigarette ash can serve as a catalyst and when coming into contact and mixing with wood flour it can become a highly volatile blend. The owners of these mills do not wish to lose their supply and suffer damages to their faciliti es thus; they prohibit people from smoking or bringing fire or ignited material into the mill. A dust explosion is the explosive combustion of a dust suspended in air in an enclosed location, which results in harmful effects of overpressure, thermal radiation, and ensuing projectiles. Many materials which are commonly known to combust can generate a dust explosion, such as coal, sawdust, and magnesium. However, many otherwise mundane materials can also lead to a dangerous dust cloud such as grain, flour, sugar, powdered milk and pollen. Mining of coal leads to coal dust and flour mills likewise have large amounts of flour dust as a result of milling. A similar problem occurs in saw mills and other places dedicated to carpentry. The dust must also consist of very small particles, where the surface area is very large, and so will support combustion. Dust is defined as powders with particles less than about 500 micrometres in diameter, but finer dust will present a much greater hazard than coarse particles by virtue of the larger surface area. There are five necessary conditions for a dust explosion: A combustible dust; (Flour or Wood Flour) The dust is suspended in the air at a proper concentration; (Possible) There is an oxidant (typically atmospheric oxygen); (Possible) The dust is confined; (Yes) There is an ignition source. (Provided by cigarette) Thus there is a high risk of a dust explosion already and the cigarette would just complete the necessary conditions by providing an ignition source. 2.2.1 Use of Oxidant Concentration Reduction Use of Deflagration venting through a dust retention and flame-arresting device 2.2.2 Use of Deflagration venting Use of Deflagration pressure containment Use of Deflagration suppression Use of masks to ensure the reduction of the inhalation of the wood flour. 2.3 1. As an absorbent Absorbent qualities are utilized in cleansers to remove unwanted water, oils, or greases from such articles as delicate machinery parts, jewellery, and furs, or to carry cleansing, poisonous, or other chemical agents to an object. In the manufacture of dynamite, the extreme sensitivity of the explosive agent can be reduced to safe levels by solidifying the liquid nitro-glycerine by absorbing it in a solid medium such a3 wood flour. 2. As decorative material Wood flour is used decoratively in the production of â€Å"oatmeal† and â€Å"velvet† wallpapers, where decoration by design and texture is provided by wood flour, coloured as desired, onto a prepared paper surf ace. 3.1Iron (a porous iron catalyst prepared by reducing magnetite, Fe3O4) Osmium is a much better catalyst for the reaction but is very expensive. 3.2 A catalyst such as an iron catalyst is used to speed up the reaction by lowering the activation energy so that the N2 bonds and H2 bonds can be more readily broken. The catalyst has no affect whatsoever on the position of the equilibrium. Adding a catalyst doesnt produce any greater percentage of ammonia in the equilibrium mixture. Its only function is to speed up the reaction. In the absence of a catalyst the reaction is so slow that virtually no reaction happens in any sensible time. The catalyst ensures that the reaction is fast enough for a dynamic equilibrium to be set up within the very short time that the gases are actually in the reactor. Catalysts lower the activation energy in a reaction by holding particles onto their surface and pointing them into the right direction for a product to form, which in this case is Ammonia. This catalyst, Iron (Fe3O4) , is used for it is ideal for allowing the nitrogen (N2 (g) ) and hydrogen (3H2 (g) )reactants to react and form the produ cts which entails Ammonia (2NH3 (l) ) rapidly. 3.3Ammonia; NH3 (l) 3.4 Fertilizer: Approximately 83% (as of 2003) of ammonia is used as fertilizers either as its salts or as solutions. Consuming more than 1% of all man-made power, the production of ammonia is a significant component of the world energy budget. Cleaner: Household ammonia is a general purpose cleaner that can be used on many surfaces. Because ammonia results in a relatively streak-free shine, one of its most common uses is to clean glass, porcelain and stainless steel. It is also frequently used for cleaning ovens and soaking items to loosen baked-on or caked-on grime. As a fuel: Ammonia was used during World War II to power buses in Belgium, and in engine and solar energy applications prior to 1900. Liquid ammonia was used as the fuel of the rocket airplane, the X-15. Although not as powerful as other fuels, it left no soot in the reusable rocket engine and its density approximately matches that for the oxidizer, liquid oxygen, which simplified the aircrafts design.

The Chicago Bulls :: essays research papers

Why Are The Chicago Bulls So Good? Two weeks ago, I was home watching a Chicago Bulls game. I started to analyze why the team had the best record in the league. About nine years ago, the Chicago Bulls selected Michael Jordan in the third pick of the college draft from North Carolina. A few years later, the Bulls drafted Scottie Pippen from Central Arkansas State and just recently acquired Dennis Rodman from the San Antonio Spurs. After my diagnosis, I concluded that the Bulls have the three key elements to win the championship in 1996. The Bulls have Scottie Pippen the floor general, Michael Jordan the leader, and Dennis Rodman the rebounder. The Bull's floor general is Scottie Pippen, a player who has control over everything that happens on the floor. Scottie Pippen is one of the most versatile and talented player in basketball. He can pass like a guard, rebound like a power forward, score like a shooting guard, and run and jump like few others. The floor general is very important to the team because when the team is down by two the floor general will always make the basket to pull the team ahead. He also keeps the team focused and helps bring the younger players around. The leader is Michael Jordan, a player who everyone knows. Michael Jordan is the most recognizable athlete in the world. He is not only the top player of his era but is quite possible the best player ever to wear the uniform of an NBA team. What amazes me about Michael is he was not good in college. He worked harder then any other player to become great, and his career stats prove that fact. Michael walks on the court and leads by example. Ninety percent of the time, Jordan will prevail. Without a leader, the team would not endure the playoffs. The rebounder is Dennis Rodman, a player who takes his job seriously. He is a very popular player around the league. Dennis is known for his multiple tattoos and colorful hair styles. He is also very flamboyant and a loud mouth: nevertheless, the team could not win without him. The rebounder must take on two roles that nobody wants. He must intimidate the opponent and get a technical foul every game. The head coach of the

Cocos nucifera Essay -- Botany

Cocos nucifera Cocos nucifera is the scientific name of the common coconut. This very tall palm tree is always an inviting symbol of the tropics. The plant is one of the most valuable plants to man. It is a primary source of food, drink, and shelter. In Sanskrit the coconut palm is called "kalpa vriksha", which is defined as "the tree which provides all the necessities of life." Man can use every part of the coconut. The white nut-meat can be eaten raw or shredded and dried and used in most cooking recipes. A single coconut has as much protein as a quarter pound of beefsteak. Copra, the dried meat of the kernels, when crushed is the source of coconut oil. The husks, known as coir, is a short, coarse, elastic fibers used to make an excellent thatch roofing material for houses. This very diverse plant is also an excellent charcoal, which is produced from the shells, not only does it work as a cooking fuel, but also in the production of gas masks and air filters. The outer part of the trunk of the coconut palm furnishes, a construction lumber, known as porcupine wood for houses and furniture. The swollen base of the trunk, when hollowed, can be turned into a hula drum that the Hawaiians use for entertainment. These are just a few examples of how extraordinary the coconut palm can be utilized. The coconut was first mentioned in 545 AD by an Egyptian Monk named Cosmos Indicopleustes. He visited western India and Ceylon. In his "Topographia Christiana", Cosmos describes the coconut as the "great nut of India." The Mahavasma, an ancient chronological history of Ceylon, describes the planting of coconuts in that country in 589 AD. In 1280 Marco Polo, described coconut growing in Sumatra, as well as in Madras and Malabar... ...aried utilization of the coconut will always be important in the economic aspect. Raw Copra used to be the major export but as coconut oil is becoming more widely used its export is increasing. Another change is the export of coconuts in the shell to the exporting of desiccated coconut. Both of these changes have benefited the countries of origin by creating more employment in the tropics. The coconut has been a growing success since the time it was first discovered and to this day this very diverse plant is still showing great potential. REFERENCES Child, Reginald. "Coconuts". 2nd edition. Longman Group Ltd. 1974. Woodruff, Jasper Guy, Ph.D. "Coconuts: Production, Processing, Products." The Avi Publishing Co, Inc, 1970. Encyclopedia Americana. Vol. 7 1989. Collier's Encyclopedia. Vol. 6 1984. Dictionary of Archaeology "The facts of file."

Margret atwood

In the book The Penelopiad, Margret Atwood gives the 12 hanged maids a voice throughout the novel. She tells the story of the odyssey and Penelope's voice is powerful while also truthful and honest throughout the story. There is a reason and a purpose of why Margret Attwood chooses to give the maids a voice and let them be heard. In the story, Margret Atwood talks and discusses the maids for a specific reason. I believe that she thinks that the maids had no voice, they are all females, and there eath was not explained.That leaves one explanation that Margret Atwood is a feminist and thought that it would be important to include the maids and give them a much bigger part to show that its not 0k to treat women that way. In the first telling of the story, it was never stated that the maids had restrictions as to who and whom they couldn't sleep with. What also was not explained was why they slept with the suitors in the first place.That is why Margret Atwood found it to be intriguing to write bout what actually happened and give the maids a voice. Another reason for why Margret Atwood chose to give the maids a voice is because women didn't exactly have a say back in that time period and were also looked down upon. I think that Margret Atwood The last reason why Margret Atwood chose to include the maids into the story is because she wanted people to see and understand the daily life of a maid back then and what they had to go through. Margret atwood In the book The Penelopiad, Margret Atwood gives the 12 hanged maids a voice throughout the novel. She tells the story of the odyssey and Penelope's voice is powerful while also truthful and honest throughout the story. There is a reason and a purpose of why Margret Attwood chooses to give the maids a voice and let them be heard. In the story, Margret Atwood talks and discusses the maids for a specific reason. I believe that she thinks that the maids had no voice, they are all females, and there eath was not explained.That leaves one explanation that Margret Atwood is a feminist and thought that it would be important to include the maids and give them a much bigger part to show that its not 0k to treat women that way. In the first telling of the story, it was never stated that the maids had restrictions as to who and whom they couldn't sleep with. What also was not explained was why they slept with the suitors in the first place.That is why Margret Atwood found it to be intriguing to write bout what actually happened and give the maids a voice. Another reason for why Margret Atwood chose to give the maids a voice is because women didn't exactly have a say back in that time period and were also looked down upon. I think that Margret Atwood The last reason why Margret Atwood chose to include the maids into the story is because she wanted people to see and understand the daily life of a maid back then and what they had to go through.

Banco Compartamos Case Study

Social innovation and enterprise is one way of eradicating poverty and illiteracy in society. The model that an enterprise takes determines their social impact in the long run. While some organizations maintain their social values over time, others abandon or diminish those values and venture into more financially profitable activities (Yunus 205). The paper addresses how the micro-finance business model used by Compartamos Bank compares with the village bank model of Grameen Bank. Microfinance in this sense refers to the supply of small loans, insurance, savings, and basic financial services to poor people, who are often unable to access such in conventional banking institutions. It looks at the shift of Compartamos Bank to a commercial bank, impacts of the shift to its initial mandate, and the effectiveness of both models in poverty alleviation. When the need for profit making and scaling competes with the need to alleviate poverty, the social motive often diminishes. Sustainabilit y of any social enterprise lies in maintaining its initial social values. Commercialization drives capitalism, which is often incompatible with social good. Making profound and lasting impacts on poverty alleviation requires consistency in social orientation.Comparison of Microfinance ModelsCompartamos Bank is a commercial microfinance while Grameen Bank is a village bank. The main difference between the two models is their funding methods. As a village bank, Grameen is primarily funded through local funds from community saving deposits, while Compartamos is funded as traditional commercial banks, engaging in IPO as one way of fundraising. Both models aim at reducing poverty, reaching scale, and financial sustainability though by applying different approaches. In place of collateral required by traditional banks, Grameen Bank uses voluntary formed small groups of five people for mutual and morally binding guarantees (Volkmann, Kim and Kati 253).The banking system is based on account ability, participation, mutual trust and creativity, a complete reverse from requirements of conventional banking. Village banking offers women equal access to financial aid, as they have been recognized as very enterprising. Operations of Grameen Bank are executed by bicycle bankers in various community branch units (Fotabong).Group members meet weekly for collection of the repayments and are accountable for each other. Compartamos Bank as a commercial bank offers loans, insurance and savings to its clientele. It operates as a conventional bank targeting the poor. It is for-profit organization that charges higher rates and opened up to public and private investors in a bid to scale up its profitability and financial sustainability. Compartamos started as a not-for profit organization and its shift to a commercial enterprise has been received with mixed reactions. The major concern of the shift is not in the high interest rates charged but on the importance placed on profitability m ore than social good. With all the profits and scaling the people who benefit most from such a set up are the already rich investors at the expense of poor borrowers.Evolution of CompartamosFounded in 1990 as a non-government organization, Compartamos aimed to eradicate poverty by giving credit to small businesses, especially poor women. It was initially supported by international donors and philanthropists to serve indigenous people in the poorest parts of Mexico. The company turned into a for-profit organization in 2000 in order to increase their funding (Carrick-Cagna and Santos 4). The company began accessing capital markets in 2002 raising millions of bonds over the next years. It slowly involved private investors and further obtained a commercial banking license in 2006 to enable them offer more services to its clients such as savings and insurance.The need to scale made the company raise hundreds of millions from a successful initial public offering (IPO), earning huge return s from private and public sectors without using any additional capital according to Carrick-Cagna and Santos. The profits allowed Compartamos to achieve financial self-sufficiency, no longer relying on donor aid. Thirty percent of the company was given to private investors and in essence the founders, with their visionary social goals have no complete control over the organization. The commercialization of Compartamos may seem to emphasize profit making over social good. Currently it offers microcredit services such as loans, insurance, and savings to low income earners and is among the largest and most profitable microfinance institutions in Latin America (MFI Solutions, LLC, USA and La Colmena  Milenaria, A. C., Mà ©xico 13).Investors in the bank make enormous profits, which is a good thing for any organization but for a microfinance dedicated to improving lives of the poor, it is seen as a problem. The extent to which Compartamos benefits the already-rich private investors far outweigh the benefits accrued to poor borrowers. It charges up to 100 percent interest rates per year to borrowers. In the perspective of fundamental values of microfinance, the actions of Compartamos are not pro-poor.Social ValuesIn the social enterprising context, the stand of Compartamos Bank is controversial. While to others it is a pro-poor initiative, others see a shift in its operation no different from conventional banks which are often anti-poor, anti-illiterate and anti-women according toYunus. Inequalities between the rich and the poor are a question of access to financial credit. Compartamos allegedly charges very high interest rates to its borrowers, who struggle to the rate while investors highly profit. Most of the poor people are also illiterate and few understand the idea of interest rates. What most borrowers focus on is how much they have to repay weekly but calculated in real sense, the interest rates are much higher than those of common commercial banks. The re sult is confining the poor in a never-ending cycle of poverty where they borrow more to service their credits.Implications for Increased CommercializationCompartamos IPO was a huge success in financial markets but majority of the shares went to hedge fund managers and commercial investors rather than the socially-responsible investment entity. According to MFI Solutions and La Colmena Milenaria, the lending capacity of the Bank increased after the IPO, though the interest rates charged went higher and higher with time. The bank has more than doubled its reach to clients in need of financial services in Mexico. In order to cater for the expansion and operating costs, the bank charges interests above the normal commercial Mexican rate.It has however continued to expand and retain many of its clients. It is a major concern to microfinance, on the appropriate balance between the goal of providing access to financial services to the poor and profitability and sustainability of microfinan ce institutions. The shift of microfinance from  social investors to commercial investors is a threat to social enterprises aimed at alleviating poverty. The IPO has sent a message that social service and profitability go together.It is a message that will definitely attract more private investors into microfinance. Compartamos IPO does not exclusively have implications on the company but to the entire microfinance entity. As a non-profit organization started off by grants, the implication is that society may have a different view of social enterprises. Some would question ethical, moral, and social values of such establishments.The Future of MicrofinancePlayers in the sector are uncertain about the future of microfinance, especially with the move of Compartamos to commercialize its operations. Commercialization of microfinance is seen as an opportunity to expand access of the poor to financial services. The high profit margins will attract more investment into microfinance, there by availing more money to extend to people to help them out of poverty. Additionally, it is felt that if other microfinance players shift to commercialization, the profit maximizing behavior will further take advantage of the poor. This would worsen the existing gap between the rich and the poor, profiting the rich and sending the poor into more poverty.Initiatives of the past two decades to make businesses socially responsible will also have been a waste. Communities and socially-responsible investors may shy away from initiatives aimed at addressing serious social issues. Microfinance faces a danger of turning into how well investors are doing of how profitable microfinance institutions are instead of actively focusing on ending poverty. In conclusion, those who founded formal microfinance intended it for the social good, but when more people got involved, the objectives and intentions of social enterprises shifted. The best model that is well adapted to create wealth for the poor is Grameen’s village model. With commercialization it becomes difficult to determine where microcredit ends and loan sharking ends.Involvement of private investors, whose main aim is often profit making would make social enterprises in microfinance serve more the interests of investors at a disadvantage of poor clients. It would turn microfinance from an area where non-profits and donors effect beneficial social and economic change into a haven for profit-maximizing investors. We  are living in a capitalist society where the need to satisfy personal interest overrides social good. In view of microfinance and addressing poverty, it is better to operate on the traditional approach of such initiatives other than commercializing it.