Organised Crime and the Criminal Justice Process

Organised Crime and the Criminal Justice Process This essay will begin with a brief outline of the historical work of organised crime. Then the definition of organised crime will be given with examples of areas associated with organised crime. The Criminal Justice Process will then be explained and the role of the Serious Organised Crime Agency including the Assets Recovery Agency with statistics showing the economic and social impact of organised crime. Finally a brief outline of Cohen’s view of organised crime will be given and the role of the victims of crime as key players in the Criminal Justice Process and ending with Box’s clues to understand most serious crimes. According to King et al; (2000) â€Å"the battle over the origins of organized crime is one being constantly fought, and historians have utilized archive data, such as police and judicial reports, economic evidence, pamphlets, diaries and biographies, to disinter the professional and organized criminal†. Furthermore, King et al; (2000) states that â€Å"organised crime seems to have been a feature of British society from Elizabethan times onwards and British studies of professional criminals, some of them displaying elements of organization, indicate a wide range of activities†. However, by the eighteenth century professional and organized criminal gangs, armed with a variety of criminal strategies from petty theft and violence to fraud, were firmly established in Britain (King et al; 2000). Criminals not only established their activities in London where the market place was most affluent and the control of the emerging working class was at its most ineffective, but also in coastal, rural and provincial areas (King et al; 2000). The definition of Organised crime is broadly seen as economically motivated offending which involves more than two people (Hale et al; 2005). Furthermore, Hale et al; (2005) suggests that â€Å"unlike legally defined crimes or predicate offences such as murder, drug trafficking and money laundering, organised crime tends to be confined to its structures and relationships and the general nature of crimes committed by such associations†. According to Hale et al; (2005) Article 2 of the ‘United Nations Convention Against Transnational Organised Crime’ states that an â€Å"organised criminal group must have at least three members operating in concert to commit a serious crime as part of an internally structured organization which has been in existence over a period of time preceding and subsequent to the commission of the criminal act†. Whilst such a definition provides a general framework of understanding, it can in practice undermine effective law enforcement responses (Hale et al; 2005). An organised crime group can include anything from a four person, low level racketeering group to a highly complex, international networks involved in human trafficking or money laundering (Hale et al; 2005). Get help with your essay from our expert essay writers Furthermore according to Marshall, (1998) â€Å"organised crime is a term used for situations where a large number of people in a hierarchical structure are engaged in an on-going pattern of criminal activities†. The most common areas associated with organised crime are extortion and the provision of illegal goods and services, such as drink, drugs, gambling, money laundering and prostitution (Marshall, 1998). According to Marshall, (1998) â€Å"these activities involve continuous relations with the victims or clients, who have contact with the lower echelons of the organization†. In order to succeed organised or syndicate crime involves some element of corruption or intimidation of the police or other law enforcement agents (Marshall, 1998). Marshall, (1998) suggests that â€Å"organised crime is often thought to be synonymous with a secret society, such as the Tongs of the Chinese diaspora, the Camorra of the nineteenth century Naples and the Mafia of Sicily and Costa Nostra in the United States†. Although, according to Marshall, (1998) â€Å"it seems more likely that if such societies exist at all, they do not actually run criminal activities, but rather act as a fraternal organisations for some of the racketeers†. On the other hand, according to Marshall, (1998) â€Å"organised crime is associated with violence and threats in the course of extortion, but also in the maintenance of control over subordinates, and struggles for power within groups and the struggles for monopoly control between groups†. Furthermore, Hale et al; (2005) points out that â€Å"organised crime can be argued as primarily a reactive phenomenon, exploiting gaps in a diverse and lucrative market†. Also according to Hale et al; (2005) â€Å"Its clientele are, for the most part, ‘ordinary’ folk who seek, alternative routes to satisfying needs unmet or proscribed by the legislatures of the countries they inhabit or pass through†. However, according to Hale et al; (2005) â€Å"In many cases clients are also victims, obliged or enticed into cooperation, as in the trafficking of women and children and in areas of economic decline and acute social inequality organised crime can provide alternative employment and a reinstatement of status, a situation currently common in former communist states†. According to Kelbie, (2007) â€Å"Human trafficking is a growing trade and it is estimated that around 700,000 people are trafficked in Europe every year, and most of them are women and girls who are forced into prostitution, while others are brought in to work illegally†. Furthermore, Kelbie, (2007) estimates â€Å"that 4,000 women are trafficked into Britain each year and are forced to work in the multi-million pound sex industry†. As more numbers of Eastern European and African Girls are trafficked into Britain, some as young as 12 years old, the traffickers are shifting their trade outside major cities (Kelbie, 2007). Consequently, as a result of this growing trade in Human Trafficking, Glasgow is the only city outside London to provide help and support to victims of sexual exploitation (Kelbie, 2007). Furthermore, according to Kelbie, (2007) â€Å"the city’s organised sex industry is worth approximately 7 million pounds a year, earned from the exploitation of women who are forced to work in saunas, private flats and as escorts†. The women forced to work in these places are regularly sold and re-sold between organised criminals operating in all of Britain’s major cities (Kelbie, 2007). Meanwhile, there are millions of incidences of online crime in Britain each year (Sharp, 2007). Furthermore, according to Sharp, (2007) â€Å"around 3 million internet crimes were committed in the UK last year and one of the most common is identity theft†. In 2004, two people were arrested in connection with an internet crime ring, the Shadow Crew, who planned to defraud consumers and banks out of hundreds of millions dollars (Sharp, 2007). British organised crime has it’s ‘families’ modelled along the lines of Mafia families in the United States. One of the most powerful recent criminal families has been the Arifs from Stockwell, in South London. They were involved in armed robberies and drug smuggling in the 1980s, and also owned a string of pubs, restaurant and clubs, and it is certain that these establishments were bought from the proceeds of their criminal activities (Giddens, 1977). According to Giddens, (1977) â€Å"Bekir Arif was jailed for five years at the end of the 1980s after being convicted of robbery with violence, and the reign of the Arifs ended in the early 1990s, following a series of police operations†. The head of the family, Dogan Arif is currently serving a fourteen year prison sentence for his part in a  £8.5 million drug smuggling deal (Giddens, 1977). In order to regulate and manage the risks that organised crime presents, investigation and law enforcement play important roles in bringing offenders to justice. According to Davies et al; (1998) â€Å"in exploring what a criminal justice aims to do, we need to distinguish between the goals of the system as a whole, and the functions of the different agencies who make up the system†. The cross-system goals of the criminal justice system according to Davies et al; (1998) are â€Å"protecting the public by preventing and deterring crime, by rehabilitating offenders and incapacitating others who constitute a persistent threat to the community, upholding and promoting the rule of law and respect for the law, by ensuring due process and proper treatment of suspects, arrestees, defendants and those held in custody, successfully prosecuting criminals and acquitting innocent people accused of crime†. Furthermore, â€Å"maintaining law and order, punishing criminals with regard to the principles of just deserts, and registering social disapproval of censured behaviour by punishing criminals, and finally aiding and advising the victims of crime†(Davies et al; 1998). The ‘National Crime Squad’ was put into effect by the Police Act 1997 and came into operation on the 1st April 1998 (Newburn, 2003). Furthermore, it merged with all regional crime squads. They targeted serious and organised crime, such as immigration crime, illegal arms and drug trafficking crimes and money laundering and counterfeiting (Davies et al; 2005). Following the Serious Organised Crime and Police Act 2005, the Serious Organised Crime Agency was created and the agency officially came into being in April 2006, and its function was to tackle the growing problem of international criminal gangs. (Home Office, 2008). The agency was formed from the amalgamation of the National Crime Squad, the National Criminal Intelligence Service, the National Hi-Tech Crime Unit, the investigative and intelligence sections of HM Revenue and Customs on serious drugs trafficking and the UK Immigration Service responsible for organised immigration crime (Home Office, 2008). The Serious Fraud Office continues to be a separate agency. According to the (Home Office, 2008) â€Å"the economic and social impact of organised crime in the UK is staggering and statistics show that global profits from people smuggling is estimated to be $10 billion annually, 280,000 problem drug users cause half of all crime, every  £1 spent on heroin is estimated to generate about  £4 of damage to the national economy and there are around 400 organised crime bosses in the UK with an amassed criminal wealth of approximately  £440 million†. The economic and social cost of organised crime is estimated to be in the region of  £20 to  £40 billion per year (Home Office, 2008). Furthermore, the Home Office, (2004) strategic plan for Criminal Justice 2004-2008 was â€Å"the criminal justice process will relentlessly target the top 15-20 prolific offenders in each Crime and Disorder Reduction Partnership area, and more in bigger areas, and give the police, the Crown Prosecution Service and the |Serious Organised Crime Agency the powers they need to take on the most serious and organised criminals†. Also, the police, Crown Prosecution Service, courts and other agencies like the Serious Organised Crime Agency would be able to keep at least 50% of the value of all the criminal assets they help to seize (Home Office, 2004). The recovery of criminal assets would be the role of the Assets Recovery Agency which was set up under the Proceeds of Crime act 2002 and plays an important part in the government’s plans to seize the profit out of crime, and separate and prevent the criminal organizations from continuing with their activities by removing the money which motivates their activities and their major source of income (Assets Recovery Agency, 2008). Meanwhile, the (Assets Recovery Agency, 2008) has three strategic aims â€Å"to disrupt organised criminal enterprises through the recovery of criminal assets, thereby alleviating the effect of crime on communities, to promote the use of financial investigation as an integral part of criminal investigation, within and outside the Agency, domestically and internationally, through training and continuing professional development and to operate the agency in accordance with its vision and values†. As, the Assets Recovery Agency was formed to stop organised criminal activities through the recovery of assets, on the 16th January 2007, the government introduced the Serious Crime Bill to Parliament setting out their suggestion to amalgamate the operational elements of the Assets Recovery Agency with the Serious Organised Crime Agency, and the Agency’s training and accreditation function with the National Policing Improvement Agency (Assets Recovery Agency, 2008). On the 1st April 2008 the operational section of the Assets Recovery Agency merged with the Serious Organised Crime Agency. Commenting on the merger Hughes, of SOCA, (2008) said â€Å"we are gaining important skills and expertise with the arrival of Assets Recovery Agency staff and we welcome them into SOCA. Now that the merger has taken place we will get on with the job that parliament want us to do, namely depriving crooks of their ill-gotten gains†. However, the Home Office minister Coaker, of SOCA, (2008) said that â€Å"assets recovery is critical in the fight against all levels of crime and we are determined to stop criminals profiting from crimes which affect the lives of law abiding majority†. Meanwhile, Goggins, SOCA, (2008) said â€Å"this merger will strengthen the fight against crime in Northern Ireland as it combines the intelligence expertise of SOCA with the hands on practical experience of ARA. This combination will make the recovery of assets even more effective and strengthen our fight against those who profit from organised crime†. Under the Proceeds of Crime Act 2002 on 17th January 2008 the Asset Recovery Agency recovered assets worth at least  £4 million from the High Court in Belfast. Also, on 5th February 2008 the agency obtained a Civil Recovery Order in the High Court in London worth an estimated  £750,000 from a couple who had obtained the assets through the human trafficking of people, mainly from Eastern Europe into Britain to work in brothels (Assets Recovery Agency, 2008). According to the Home Office, (2008) â€Å"the Serious Organised Crime Agency Second Annual Report showed another record year in the war against drugs with almost 90 tonnes of class A drugs seized with partners at home and abroad, a 20 per cent increase on the previous year. The cocaine alone, cut to usual UK street quality, could have realised  £6bn†. Furthermore, according to the Home Office, (2008) â€Å"53 disclosure notices, requiring individuals to co-operate with investigations by producing documents or answering questions, and 46 warnings on crime threats issued to over 2,500 private sector organisations throughout the UK. Meanwhile, the Home office, (2008) quotes â€Å"over  £46m criminal assets restrained by the domestic courts†. All SOCA operations now include financial investigations with an additional 35 financial investigators appointed during 2007/2008. According to Wright, (2006) â€Å"For Cohen, it is necessary to map the interactions, processes and patterned relationships both within and outside organisations in a more holistic way. It is necessary to establish the social context of the criminal activities of ‘organised criminals’, as well as the structure of their associations†. Furthermore, for Wright, (2006) â€Å"Cohen points out that criminology has done little work on the nature of organisational processes in crime groups. It has overlooked such things as recruitment, socialisation of members within organisations, and the way in which subcultures are developed and maintained. It has also to a large extent ignored such things as the protection and insulation of participants from the impact of conventional moral definitions†. For Cohen, according to Wright, (2006) â€Å"criminal groups should be subject to assessment of their internal structures and to analysis of all societal activity as it bears upon the production of their criminal behaviour. It is necessary to show that the functional problems of human systems take a distinctive form in criminal enterprise and that this distinctiveness provides a justification for the specialised study of criminal organisation†. Victims of crime are now recognised as key players in the Criminal Justice Process. According to Zedner, (2002) â€Å"without the cooperation of the victim in reporting crime, furnishing evidence, identifying the offender, and acting as a witness in court, most crimes would remain unknown and unpunished. The reliance of the Criminal Justice System on the victim has proved to be a powerful bargaining tool in the recognition of the victims’ interests†. The Victims Charter was first published by the Home Office in 1990 and at the time signified an important way forward in the recognition of victims’ interests, though it had been criticized for offering little by way of enforceable standards (Zedner, 2002). The clues to understanding most serious crimes according to Box, (1983) â€Å"can be located in power, not weakness, in privilege, not disadvantage, in wealth, not poverty†. In conclusion, since the launch of the Serious Organised Crime Agency in April 2006 and the merging of the Assets Recovery Agency in April 2008, the Criminal Justice process in dealing with serious organised crime has had a huge impact on criminal gangs operating within the UK, with the recovery of their assets from their criminal activities and to make it harder for them to continue in their criminal ways. BIBLIOGRAPHY Assets Recovery Agency, (2008), â€Å"Making Sure Crime Doesn’t Pay†. Available at: http://www.assetsrecovery.gov.uk http://www.assetsrecovery.gov.uk/AboutARA/AimsandObjectives/ http://www.assetsrecovery.gov.uk/AboutARA/History/ Box, S. (1983), Power, Crime and Mystification, Tavistock Publications, London. Davies, M; Croall, H. and Tyrer, J. (1998), Criminal Justice: An Introduction to the Criminal Justice System in England and Wales, (2nd Edition), Pearson Education Ltd, Harlow, Essex. Davies, M; Croall, H. and Tyrer, J. (2005), Criminal Justice: An Introduction to the Criminal Justice System in England and Wales, (3rd Edition), Pearson Education Ltd, Harlow, Essex. Giddens, A. (1997), Sociology, Polity Press, Cambridge. Hale, C; Hayward, K; Wahidin, A. and Wincup, E. (2005), Criminology, Oxford University Press, Oxford. Home Office, (2004), Cutting Crime, Delivering Justice: A Strategic Plan for Criminal Justice 2004-08. Home Office, London. Home Office, (2008), â€Å"Organised and International Crime†. Available at: http://www.homeoffice.gov.uk/crime-victims/reducing-crime/organised-crime/ Kelbie, P. (2007) â€Å"Kirk acts on human trafficking in Scotland†. Available at: http://www.guardian.co.uk/uk/2007/may/20/humanrights.internationalcrime/print King, D.R; and Wincup, E. (2000), Doing Research on Crime and Justice, Oxford University Press, Oxford. Marshall, G. (1998), Oxford Dictionary of Sociology, Oxford University Press, Oxford. Newburn, T. (2003), Crime and Criminal Justice Policy, Harlow, Pearson. News Distribution Service, (2008), Home Office (National), â€Å"Tackling serious organised crime in new and different ways†. Available at: http://nds.coi.gov.uk/content/detail.asp?ReleaseID=367603NewsAreaID=2Navig.. Proceeds of Crime Update, (2008). Available at: http://www.assetsrecovery.gov.uk/MediaCentre/ProceedsOfCrimeUpdate/2008/ Serious Organised Crime Agency, (2008), â€Å"Merger of SOCA and ARA strengthens Government drive to deprive criminals of their assets†. Available at: http://www.soca.gov.uk Sharp, R. (2007), â€Å"Cybercrime†: Uncovered. Available at: http://www.independent.co.uk/life-style/gadgets-and-tech/features/cybercrime-uncove Wright, A. (2006), Organised Crime, William Publishing, Devon. Zedner, L. (2002), ‘Victims’, in M. Maguire; R. Morgan and R. Reiner (eds), The |Oxford Handbook of Criminology (3rd edition), Oxford University Press.

Real World Connection

Real World Connector In the chapter Church, I felt a connection with Kiowa. â€Å"Not a minister,† he said, â€Å"but I do like churches. The way it feels inside. It feels good when you just sit there, like you’re in a forest and everything’s really quiet, except there’s still this sound you can’t hear†. The way I relate to this part is the same way I feel when I go to a temple (similar to a church) I feel the same way. When I go to the temple I sit there and listen to the prayer. But when I get into the prayer, everything goes quiet.I get this really good feeling inside myself. All my fears are taken over by peace. I think that’s why Kiowa says this is â€Å"just wrong† to be inside a holly place. One thing I didn’t understand the monks cleaning the solider weapons. Was there so representative of this. I know in my temple the minister is not allowed to touch weapons. Overall, a temple or a church are both religious place , but are both peaceful places. We are supposed to feel save in a place or worship. Henry Dobbin tells us about how he liked the whole idea of being a minister. â€Å"I was a kid.The thing is, I believed in God and all that, but it wasn’t the religious part that interested me. Just being nice to people, that’s all. Being decent†. The teaching of any church or temple are the same. God tells us to be good humans, and give back to the community. I agree and disagree with Henry Dobbins. I agree with him to the part about being a nice person. I disagree with the part when he says â€Å"it wasn’t the religious part that interested me†. The reason I disagree with this is because reglion should about be an interest not only the lessons of God. Maybe I misunderstand what Henry Dobbin was saying.

Nursing Opportunities in NYU Downtown Hospital

Nurses are indispensable members of the work force unit division in health care system whose main role is to provide for doctor’s assistance and cater to the health status and palliative care of the patients. Technically though, the nurses have higher specialized forms or masteral degrees which elevates them to a higher position in hospital departments (e.g. perioperative nurse). The NYU Downtown Hospital is the only hospital in Manhattan that caters to the healthcare of the Lower Manhattan Community specifically that of the Chinese community. The hospital employs wide and diverse medical professionals to provide for quality healthcare of the community and amongst the members of the workforce are the nurses. In NYU Downtown, the hospital’s selection of nurses for a specific job requires a basic New York Registered Nurse qualification and related experiences. The nursing opportunities for the hospital vary from jobs descriptive of leadership, staffs and per diem positions. Vacancies in leadership positions are on the following types: Nurse Manager for the peri-operative division, clinical nurse specialist in the Maternal Child Health Division, Nursing Administrative Supervisors for morning and evening shifts, and Registered Nurse Case Manager. For the staff positions, there are vacancies in the following departments and the corresponding time table: Emergency Room, Operating Room and Labor and Delivery for 12 hr duty day or night and Licensed Practical Nurses (LPNs) positions for 7.5 hr per day. Per diems are available for all units in the hospital on all shifts. The workplace is suitable for nurse employment because aside from sufficient wages and benefits, the hospital meets the standards of the healthcare system in terms of management and services rendered. The salary of registered nurses in the district is $53, 065 as of 2002 with an annual increase rate of 1% per year. Benefits include health,   dental , liability insurance, disability and   compensation programs, refunds and   annuity plans. Subsidies for houses, parkings and discounts are also available for employees. NYU Downtown Hospital’s vacancies for nursing positions mirror one of the stigmas of the New York medical profession nowadays — nursing shortage. As previously mentioned the singularity of the hospital in the area implies a huge demand for medical practitioners including the nurses. Unfortunately, in the entire New York, the supply of nurses does not meet the high rate of nurse demand. Although there are more than 234,000 Registered Nurses and 68,900 LPNs in 2001, the prediction for nurse sustainability is bad since there was an overall drop for the 1999 to 2001. Slow growth rate for Registered Nurses may indicate problems for the quality healthcare and     according to he National Sample Survey of registered Nurses, the state ranked second to the last in terms of RN percentage employment. The nursing shortage in New York are caused by several factors: aging workforce, increased job opportunities for women, low wages and benefits and other related factors which caused a decreased in the supply. Manhattan’s Downtown Hospital is aggravated, because as the lone hospital they must cater to both the resident and the non-resident community. (Non-residents are approximated at almost 400,000 per day.) The general trend for nursing shortage creates opportunities for work in the nursing arena in the New York Downtown Hospital. Although, the workplace and the salaries are sufficient enough for nursing occupation, NYU Downtown’s nursing problems may be fueled by a larger economic workforce crisis in the nursing arena. References Beu, B. â€Å"The nursing shortage and the nurse reinvestment act.† AORN Journ., 79(2004):1061-1063. Downtown Hospital. (2008). New York Downtown Hospital. Retrieved February 14, 2008, from New York Downtown Hospital database. Mitchell, G. J â€Å"Nursing shortage or nursing famine: Looking beyond numbers?† Nursing Science Quarterly, 16(2003), 219-24. The Registered Nurse Population. National Sample Survey of Registered Nurses- March 2000. Preliminary Findings, February 2001. Bureau of Health Professions, Division of Nursing.   

Understanding Business Growth how it happens and why - Free Essay Example

Sample details Pages: 9 Words: 2780 Downloads: 3 Date added: 2017/06/26 Category Business Essay Type Research paper Did you like this example? Different people have different views about the growth of business. In simple language Business Growth can be understood as growth of a business. To understand it more widely and make the concept clear about business growth it is important to understand its meaning in business terms. Don’t waste time! Our writers will create an original "Understanding Business Growth how it happens and why" essay for you Create order In other words we can say that how we come to know that business is growing or has shown growth. We can say a business is growing when you achieve satisfaction of end consumers by producing goods or services at minimum possible cost through utilizing all the available resources. For an investor, growth is an investment style which looks for stocks with high earnings and revenue growth. Business growth can also be understood as any firm generating essential positive cash earnings or flows and that flow increases at faster rate than the general economy. Definitions and Business Platform The term platform is used in various different situations. Earlier the term platform was used as a synonym of operating system. However, today it has a wider meaning and is used to describe variety of situations. Business platform is a method which creates an environment of integration to accelerate approach of operation towards partners and customers. The business platform reduces the gap between the operations, partners and customers and brings them closer. Reducing the gap between these three important elements enables the business to perform efficiently and properly which leads to reduce cost of production and increase customer satisfaction. For growth of any type of business customer satisfaction is very important and essential as todays economy is a customer oriented economy ands not product oriented (Zook, Allen, 2001) . The business platform not only brings these three vital elements closer but also finds efficiencies and unlocks innovations from every part of the busin ess. Business platforms have number of characteristics in common. Platforms are open to everyone and can be put up easily. Even though, platforms can be commercial or non commercial no one needs to take permission or pay money before building up a business platform. Platforms magnetize builders community, in order to increase these communities; these communities should be taken care of and managed properly. Building community helps in building the business more efficiently as because of the community one get help of suppliers, customers and partners. It removes barriers and makes flow efficient by giving the option of self-service access. Platforms do not differentiate between large and small builders. Some platforms allow participation of small builders in the competition and these businesses sometimes even disturb present businesses. It is a two way contract between builders, who utilizes the platform and the platform provider, who offers the platform services to builders. Sometim es it has been seen that platform assist unexpected conclusions. Platform is a good thing when managed properly. We experienced in our project that platforms are very important to make people aware of our product. Platforms can be easily understood as Marketing. For our project we took help of different platforms like we announce about our project in mosque, stick posters on the walls of mosque, send direct marketing emails and text friend to pass this message. Below given are the stages, which a business goes through It has been observed that fast growing companies are disordered places to work. With the expansion of work and business, things or strategies which had worked well in past, start weakening and add no help. People and teams get flooded with workload and with the expansion of business, same managers who were very efficient earlier start committing mistakes with their expand area of control. Because of increase work load systems start collapsing (Burke, Barrow, 2008). Growth is pleasure when everything goes right however it is even more stressful when things happen incorrectly. Apart from this, this situation can prove to be fatal to an organization. The Greiner Curve is a helpful way of taking things at the time of crises of an organization which it faces with its expansion. Once you understand the Greiner Curve it will be easier for you to recognize the root cause of the problems faced by a fast growing business. Not only this after understanding the Greiner Curve properly youll be able to predict the problem before its occurrence and will be able to find a solution for it. Greiners Growth Model explains the stages that an organization goes through with its expansion. All types of organizations whether it is a design shop, construction company, manufacturing company or professional services firms face these problems. Every growth stage has an era of relatively constant growth, track by a crisis at the time of main organizational change for on going growth of company. The word crisis in dictionaries is defined as a turning point. However, most of us take it in negative sense as it is something related to fear. Certainly, every company needs to change at this point, however if one is fully prepared for these changes he need not to get panic about the changes. Larry E. Greiner initially proposed this method with five stages of growth in 1972. Afterwards he added one more stage to it in May 1998 (Assenn, 2009). Below given are the six stages of Greiner Curve The first stage of Greiner Curve is Growth Through Creativity. At this stage the founder of firm or entrepreneur are busy in creating products or services and opening markets. At this stage due to less number of employees informal communication is common and does not requires documentation of everything and rewards of performance are given in the form of stocks or profit sharing. However with the expansion in number of employees and additional capital formal communication start gaining importance. The first stage of Greiner Curve ends with Leadership Crisis where it becomes difficult to run the enterprise by founders of the firm or unskilled leaders. At this stage need of professional leader arises to mange the expand business. Once there is a need of professional leader in the organization, the founders have the option of either changing their way of working and take up this role or they can appoint a professional entrepreneur to look after the whole business of the organization. It happens with us also that at the initial stage it was not that difficult but as we increase number of product and people it becomes slightly difficult. The second stage is Growth through Direction. An organization with more formal communication keeps on growing and focuses on other different activities of business like production and marketing. At this stage incentive scheme comes into picture in the form of reward for performance. The old form of financial reward given as stock is replaced in this stage with incentive schemes. However in this stage a point comes where processes and products increased to such an extent that it becomes difficult for one person to keep an eye on every process and products. The number of hours available in a day does not seem sufficient to manage all the processes and products. It becomes difficult because of the lower down hierarchy. This stage finishes at an Autonomy Crisis and at this stage need of delegation arises. After growing in numbers d ecision making, time sustainability and team work gain importance. Rewards and recognition become important to motivate our team members. The third is named as Growth Through Delegation. At this stage new managers are appointed to manage the work or to delegate the work. The mid managers are made responsible for day to day process of the business. The mid managers also react in quick manner to opportunities in latest markets as well as to opportunities available for new products. The top management just takes care of big concerns and monitoring. The top management tries to look for acquisition or merger opportunities to expand the business. Many businesses struggle at this stage as manager whose direct approach solves the problem in stage 1 is now difficult to let it go and the mid managers also struggle with their new expanded responsibilities and increase responsibility as a leader. This stage winds up with Control Crisis. This stage ends up with the need of more classy head office function and requires split parts of business to work together. With the growth in activities and business delegation of responsibilities become important to run business. The fourth stage is named as Growth through Coordination and Monitoring stage. At this stage there arises a need of head office to combine and centralize all the split parts of organization. The growth of business continues with re organizing of previously isolated service practices or group of products. At this stage not only profits but investment finance is also allocated centrally and is managed in accordance with the Return On Investment (ROI). At this stage incentives are distributed in accordance with the company-wide profit share schemes associated to corporate goals. This stage of Greiner Curve last at Red Tape Crisis and with the requirement of a new structure and culture. This stage shows that centralization is important and for us it was the taem work which was required. The fifth stage o f Greiner Curve is Growth through Collaboration. This stage of business requires a new structure and culture. In this stage formal control of stage 2 and stage 4 are substitute by professional good sense. In this stage staff is group and re-grouped in teams lithely in teams to transport project in a medium structure which is supported by team based monetary rewards and classy information systems. This stage finishes due to crisis of Internal Growth. At this stage, further growth of business is only possible by doing partnerships with corresponding organizations. This was the stage when we took increased our production, took feedback and accordingly make changes to the product and its market price. The sixth and last stage of Greiner Curve is named as Growth Through Extra-Organizational Solutions. This stage is recently added by Greiners which states that growth can be continued through outsourcing, merger, networks and further several solutions linking other companies. At this st age an organization needs to combine with other organizations of same nature for further growth. This stage shows that we are stronger together and need to combine with competitor above mention stages can be different for different types of business and may last long or less depend upon the market condition or several other elements. Factors that determine Growth It is considered from both historical as well as analyst estimates that expansion is an external variable factor affecting value and is separated from operating derails of firm. The best way of including growth in worth is to make growth endogenous, in other words we can say, make the growth a role of what a firm reinvests concerning upcoming development plus the quality of firms reinvestment. Lets start with considering the association amid fundamentals and the growth in equity income. When we estimate cash flows in terms of equity, we normally start with estimation of the net income, while equity is valued in aggregate. However if we are determining growth on the basis of equity for each share we estimate earnings on each share. At this part we will first complete fundamentals determining anticipated expansion in earnings on every share. Expansion in revenue per share The growth determination based upon revenue on equity on a project and retention ratio is the simplest relationship determining growth. Firms which earn higher returns on equity and have bigger retention ratios are expected to have quite more growth rates on earnings every share than those firms which do not earn high amount of returns on equity and have low retention ratios. Below given formula will make it easy to understand   Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€š Where, NIt  = Net Income in year t gt  = Growth Rate in Net Income Specified the explanation of the return on equity, net income in a year t-1 can be taken as:   Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€š where,   Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  ROEt-1  = Return on equity in year t-1 Net income in a year t can be taken as:   Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€š Supposing that e return on equity remains unaffected, that implies that ROEt  = ROEt-1  =ROE,   Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€š Here b is retention ratio. It is important to note that firms are not permitted to lift up equity by the way of issuing fresh shares. Therefore the rate of growth in earnings for each share and growth rate in the net income are same in above mention formula. The concept will be clearer with the help of below given illustration. In the figure, we would think about the predictable growth rate regarding earnings depending on retention ratio plus return on equity concerning the three companies that are Consolidated Edison, which is a synchronized utility, which put forward the power to the New York City along with its nearby areas, Procter and Gamble, one of the principal brand-name of consumer merchandise firm plus Reliance Industries, one of the biggest Indian manufacturing industry. In the table drawn below, we have summed up the proceeds on equity plus retention percentages and predictable growth rates in income for these three firms. Basic Rate of growth in Earnings for each Share  Return on Equity Retention Ratio Predictable Growth Rate Consolidated Edison 11.63% 29.96% 3.49% Procter Gamble 29.37% 49.29% 14.48% Reliance Industries 19.43% 82.57% 16.04% Reliance possesses the maximum predictable growth rate when it comes to income per share, supposing that it could be able to uphold its existing returns on equity plus retention ratio. The first firm Procter Gamble can be anticipated to place a strong growth rate, even though the actuality is that a company pays even over fifty percent of its revenue in the form of dividends, for the reason of its elevated returns on equity. Alternatively, Consolidated Edison has a very squat predictable growth rate. The reason is that its retention ratios and returns on equity are lackluster. Expansion in Net Income In case, we unwind the supposition that the lone resource of equity is saved earnings, then the development in the net income would be dissimilar from the augmentation in revenue per share. Instinctively, remember that a company can cultivate net income drastically by issuing fresh equity to finance latest projects, despite the fact that earnings for each share be idle. To obtain the association amid fundamentals and net income development, we must make a gauge of how much outlay goes further than retained earnings. A way to get hold of a measure like this is be estimating straight forwardly the amount of equity a company reinvests back in the businesses with the shape of funds in working capital and net capital disbursements. Not like retention ratio, the figure can be pretty over and above 100% because companies can elevate new equity. Predictable growth in the net income then can be defined as: Predictable Growth in Net Income = Below given illustration can be helpful in understanding it more clearly. To approximate development in the operating income depending on fundamentals, we should take a glimpse at the three companies of Coca Cola, Sony and Nestle. In the table given below, we initially guess the constituents of equity reinvestment plus utilize it for estimating the rate of reinvestment for all the companies. We also put forward return on equity along with the predictable rate of growth in net income regarding all these firms. Expected Growth in Net Income  Net Income Net Cap Ex Working capital (WC) Delta Paid Net Debt Reinvestment Rate (equity) Equity return (ROE) Rate of Growth (Expected) Coca Cola   $ 2177 m 468 852 -$104.00 65.41% 23.12% 15.12% Nestle SFr 5763m 2470 368 272 44.53% 21.20% 9.44% Sony   JY 30.24b 26.29 -4.1 3.96 60.28% 1.80% 1.09% The pros and cons of this policy are evident in the above table. This approach in the approved manner confines accurate reinvestment in a firm by concentrating not based on what was preserved but on the amount that was reinvested. A drawback of this way is that, the rudiments, which goes in the capital expenses plus reinvestment, net balance issued and working capital adjustments are all in unbalanced numbers. Notice that Coca Cola cleared off the debt in the previous year, at the same time as reinvesting back in the business plus working capital of Sony also dropped. In reality, it wo uld in all probability be a lot more sensible to gaze at the standard reinvestment rate spanning over 3 or 5 years, instead of merely the existing year. We will come back to scrutinize this question with added profundity when we take a look at development in the operating income (Greiner, Semmler, Gong, 2005). The experience of this project was all increase knowledge and fun. The key points which we learn are for growth of any firm or organization whether it is big or small, improved management skill, time management, innovations and team work is very important. Whatever may be the growth level of a business, theres always a scope of improvement.