Case study Essay Example | Topics and Well Written Essays - 1000 words - 5

Case study - Essay Example The stress may have been one of the results as to why she contracted bipolar disorder. According to McDonald 2005 stress situations have been known to trigger bipolar disorder especially for those people who have a genetic vulnerability. The stress might have been as a result of the work environment which was not very conducive. Catherine did not have the courage to reveal that she was suffering from a dipolar disorder. This made the situation even worse since it added to her stress. Deciding on what step to take was the most difficult situation for her and it actually amplified her stress. She did not want to leave the job since it was the only source of living for her, her husband and their child. On the other hand, she was afraid to tell the manager that she was suffering from the condition since she feared she might be promoted again. Further, resigning was also a difficult action for her having witnessed how people who had resigned before had been treated by the managers. All th ese situations became too much for Catherine and her condition did not improve, instead it worsened. Catherine was lacking of self- confidence; she did not have self- esteem and did not even have the courage to talk about her situation. ... Self –disclosure is not easy and in most cases is â€Å"it depends on the relationship that exist between the involved parties and the trust they have for each other† (Hargie, 2011). Self-disclosure has a number of benefits and it has some risks as well. For instance, in some cultures, self –disclosure is an important element in a relationship. For two people to form a kind of a relationship, they must know one another (Schwartz, Galliher & Domenech, 2011). Therefore, if Catherine discloses herself to the management, there is a possibility that the relationship will improve (Corrigan, Kosyluk & Rusch, 2013). The management will understand her situation and therefore they will be likely to do what they can so as to help Catherine. Her working environment will improve since the management will provide her with what she needs to recover. She might be given an extended leave to go and rest and this might be important to improve the situation. Self –disclosure is likely to help Catherine in positive development and this will be beneficial considering her condition. According to Maata and Uusiautti (2013), communication is important is it improves the status of any form of relationship. This could also be applicable in the relationship between Catherine and the rest of the workers in the organization as well as with the managers. The workers have been seen to discuss her since her return to work and also make smiles about her. This has affected her relationship with them and it is only through self-disclosure that the situation is likely to improve. She will be better positioned to manage the situation. Self –disclosure on the other hand might be risky. It is not always one will be appreciated when they talk to others about themselves. Self- disclosure may lead

China's Renminbi Paper Essay Example | Topics and Well Written Essays - 750 words

China's Renminbi Paper - Essay Example This paper will discuss whether the China’s currency stands overrated, and give reasons behind its low value against the US dollar. It will also point out the likely consequences that rise with a 20% revaluation of China. Question 1: Value of China’s currency China’s currency familiarizes itself with many sanctions. This proves the currency to be different from other currencies like the US dollar, with considerations to capital flow (Saturn, 2008). In 2005, China felt pressure being mounted on her concerning its currency. This made China to unwillingly make changes to its exchange rate policy. Critics claim that China’s currency is overvalued. Their reasoning is that China’s government is decisively maintaining the value to make huge profits from trade. The currency’s recent rate floats between thin bands around a published equivalence in opposition to a basket of other currencies. If its equivalence acts to be too cheap, then China’s currency stands at a high value; the National Bureau of Economic Research quotes that: "once putting together vague plus serial links which they take accountability for, there is small numerical proof that China’s currency is overvalued." When currency rates at a high value, it portrays the countries willingness to take part in foreign trade, at the current exchange rate. This puts China in a position of selling more goods with its currency than they can purchase with a corresponding sum of US dollar. Undervaluing the currency makes exporting goods from China cheaper and allows them to control a large trade surplus with the US. Also, it depicts China as an economical country to locate labor and manufacture goods. This leads to the decision that China’s currency it not overvalued. Question 2: Reasons behind the currency’s low value against the dollar The currency’s current value against the US dollar stands at around 2%. This means that 8 RMB is equivalent to 1 dollar. This, in the view of the US government, rates the currency to be lowly placed. China decided to absorb foreign currencies into circulation, the funds, mainly invested in US Treasury bonds. This brought a secured but low-return investment. It also followed an accumulation of US dollars around 1 trillion in foreign investment in 2007. The main reason behind China’s decision to place its currency at a low value circulates around what it stands to benefit from its trade partners; these being the likes of US. Through exports to US, with the current value of China’s currency, China gains more through sells. This comes with its own risks because it stirs the feeling of exploitation to US (Saturn, 2008). China takes the risk of facing harsh sanctions and tariffs from US. If the exchange rate instability goes up, then the value of these assets would also become unstable. The increased instability of financial trade puts pressure to the steadiness of the financial system, and makes monetary policy objectives much difficult to reach. US, on the other hand stands to be exploited with China which seeks to benefit from it. The value of the dollar stands to go down because of low market deficit. Question 3: Risk of the 20% revaluation for China’s currency The government of China in the recent days has engaged in ideas of revaluation of its currency. It main idea revolves around investing abroad. China’s main trading partners are not only western countries. It also trades with Japan, and other Asian and