Affirmative Action misc3 essays

Governmental policy regarding minorities in society misc3 papers Governmental policy regarding minorities in society is portrayed as the term implied finding a way to kill the then across the board practices of racial, strict, and ethnic separation. The historical backdrop of governmental policy regarding minorities in society begins quite a while before this definition was expressed during the mid 1960's. It begins back to the Declaration of Independence where it expresses all men are made equivalent. It pushes toward the Emancipation Proclamation, the thirteenth, fourteenth, and fifteenth Amendments which included the liberating of slaves, canceling bondage, gave citizenship on all people conceived in the United States, and ensuring casting a ballot rights to all residents. There were additionally many legal disputes that helped move forward into governmental policy regarding minorities in society. A couple of models would be Buchanan v. Warley, Plessy v. Ferguson, and Brown v. Leading body of Education. The last legal dispute was a genuine fire storm over governmental policy regarding minorities in society, which decided that all neighborhood, state, and bureaucratic laws that implemented isolation in training was striked down. President John F. Kennedy initially utilized the expression Governmental policy regarding minorities in society when he gave Executive Order 10952. This request made the Equal Opportunity Commission or the EEOC and contractual workers on ventures financed with government assets to make positive move to guarantee that candidates are utilized, insect representatives are treated during their work regardless of race, statement of faith, shading, or national starting point. President Kennedy likewise pushed for more enactment however was not alive to see it experience. Continuing Kennedy, Lyndon B. Johnson assumed control over the battle and pushed for the death of Civil Rights Act of 1964, which banned separation in the assortment of private and open settings. It included forbidding segregation in private offices, banned separation in governmentally subsidized projects, and precluded segregation by both private and open businesses, etc. Still under Johnson's influence, the Executive Order 11246, put the duty regarding a... <!

Creating and Developing Innovations

Question: Examine about the Creating and Developing Innovations. Answer: Presentation: Advancement is the procedure of creation, osmosis, selection and misuse of a worth included novel assistance in the social and financial circles, for example, extension or reestablishment of the market or the item, improvement of the new creation procedure or restoration of the new administration framework. The advancement procedure is the way toward finding, making and building up the thought, refining the development thought into the valuable structure and increase benefit from them. This report will examine the development procedure in the Fair arrangement organization. The Fair arrangement organization is the organization that fabricates the individual consideration items, both for people. The organization needs to develop its item by giving them glance through the alluring bundling on the grounds that the appealing bundling can support to draw in an ever increasing number of clients towards the item and thus an expansion in the offer of the item (Franke, Keinz and Klausberger, 2013). This development will bolster the organization in having the upper hand over the other same kind of the items. Be that as it may, the organization realizes that there is a need of the correct advancement procedure and its appropriate execution and the board to guarantee the accomplishment of the development. Making and Developing Innovations: The advancement procedure represents various difficulties (Bguin, 2007). On the off chance that the one stage of the advancement procedure is frail, or if the organization doesn't follow a fundamental procedure for the execution of the imaginative thought, the accomplishment of the development thought will be dubious. In any case, in the event that the organization follows the correct way of the best possible development process, at that point the advantages of the advancement can be accomplished. In the advancement procedure, the administrator of the organization assumes an essential job in the development procedure. In the executives, Policy and Practice of the development, following are where the chief can help the advancement procedure. There is a need that chief focuses on the subtleties of the activity of the undertaking of the development continually. Directors ought to have the consistent consideration that the undertaking of the development is functioning admirably or not and have facilitated to assume the liability of the advancement task; the individual in question ought to give a learning environment to the workers with the goal that they can investigate themselves and advance new thoughts (J Haron, 2016). The director ought to have more clear correspondence with the workers in the choice and assessment of the inventive thought. There ought to be arrangement for the obvious conventions that will support the two representatives and supervisor to concentrate on the powerful models for the advancement. The director should quickly react to the constituents that are outside and give moment feelings to the experimentation. The productive and commendable inquiries backing to make this procedure proficient and viable (Fruehauf, Seeger and Topaly, 2005). The most and significant thing that must in light of the supervisor is the craving and need of the client during the development procedure. The utilization of the imaginative innovation that is registering foundation and information digging is important for the thought of the client discernment and want. Thus, the accomplishment of the advancement procedure for the most part relies upon the viable job of the administrator. Thus, the duty of the chief of the Fair Deal Company is extremely high in the advancement procedure. In the previously mentioned territory, the administrator of the Fair Deal Company should try sincerely and incapable way for the achievement of the advancement procedure. For the correct usage and the board of the advancement procedure, the organization needs to follow the five stages of the development procedure that are as per the following. 1. Age and preparation of the imaginative thought 2. Backing of the imaginative thought and its screening 3. Experimentation 4. Commercialization 5. Dissemination of the creative thought and its execution Age and preparation of the creative thought This progression includes the age of the new thoughts and development of the thought in the other division or outside the association. Development thought is made for the improvement of a more seasoned thought or the current thought. For instance, the Apple Company advanced the possibility of the assembling the iPod after the three years of MP3 player presentation that has the ability of 1000 tunes (Klein and Dologite, 2000). The other model is the development of the scotch tape was the spic and span advancement. There is additionally a Richard Drews story; he is the school dropout understudy that saw the requirement for the exceptional sort of tapes that didn't demolish the vehicles paint. He confronted various obstacles in finishing his creation, however his solid will and hard working attitude constrained the organization to give 15% of their working time to spend in the development procedure and they prevail with regards to assembling that kind of tapes. Thus, the reasonable arra ngement organization has two portable the possibility of development in the bundling and gives the opportunity to the representatives to spend on the more current thoughts for the appealing kind of bundling. How they can build up an appealing bundling, what sort of compartment ought to be utilized, what kind of material for bundling, etc? As indicated by the board, Policy and Practices of the development procedure, the administrator of the organization has a significant job in the advancement procedure (Paulus and Brown, 2007). Supervisor of the Fair Deal Company should concentrate on the development procedure as the over-requirement on the representatives of the organization can demand the worker leave the organization for the steady occupation or carelessness or lesser goal to the advancement procedure by the worker will diminish the thought age and the earnestness of the creative thought. Support of the creative thought and its screening When the organization utilizes the workers for the making of the new thought of the advancement, various thoughts were improved by the representatives. Not all the imaginative thoughts can be executed by the organization, so the organization needs to screen out the best thought that is powerful and with the spending plan of the organization (Perttula and Sipil, 2007). For this, the organization needs to follow the second step of the development procedure support and screening. In this progression, the organization needs to do the assessment of the inventive thoughts and estimation of the key potential and advantages of the development thoughts. Refinement is the best preferred position of the joint methodology of support and screening. On the off chance that a thought has a conversation, potential and contentions backing to upgrade it. The investigation of the board, Policy and Practices of the advancement depicts that how this progression build up a development thought for the upper administration that can be a require a different methodology (Igartua and Albors, 2011). Since the workers that have produced the advancement thought don't have what it takes to advocate it, the chief is the notable individual that encourages bolsters and supports the development thought generator. The Fair arrangement organization should assemble a culture of the hearty that can create through the accompanying practices. The main practice is to give the satisfactory roads to have criticism and support. The subsequent practice is that the organization ought to comprehend the obstacles or issues looked by the representative during advancement of a viable thought. The third one practice is the organization has the convention that has straightforward screening and assessment. Experimentation In the progression of experimentation, an imaginative thought is tried based on convention or through the pilot test. The administration Policy and Practices of the development depict that experimentation is simply trying the legitimacy and negative marks of the advancement thought; it likewise tried on the premise manageability of the organization at a specific time. Some advancement thought might be past the limit of the association right now or might be in front of the companys time. These development thoughts ought to be spared in the advancement journal or a library for the eventual fate of the organization (Acemoglu, Bimpikis and Ozdaglar, 2011). Experimentation should be possible persistently or in the parts since advocates and the individual who are going to screen the thought reexamine the creative thought. Now and again, experimentation prompts the more current thought on account of the accumulated data and assessing the chance of the first thought. In this procedure or ven ture of experimentation, time is essential (Vetter, 2014). The representatives ought to be given suitable time to complete the correct experimentation. As in this progression, assessment and refinement of the thought happen the enough time is required for the experimentation. The greater part of the organizations explore different avenues regarding the new administrations and item. For instance, in 2007 the amazon explores its administration of the basic food item conveyance in the Seattle Suburbs, after the accomplishment of this trial, the Amazon extended its administration in different nations additionally (Vetter, 2014). The Fair Deal Company ought to do the experimentation with a couple of the items that the organization should change the bundling of the a couple of items and afterward watch the accomplishment of their bundling over the deal. On the off chance that the offer of this two enhanced item is expanded because of the appealing bundling, at that point the remainder of the item ought to likewise be bundled in alluring bundling. On the off chance that this doesn't occur, at that point the organization pursues for the new bundling (Tricou, 2009). Commercialization Once, the inventive thought is refined and tested, it could be utilized to focus on the crowd and to meet the prerequisites of the clients. The point of the commercialization is to make the market estimation of the development thought by concentrating on the potential effect of the thought. This progression includes the engaging of the plan to the crowd that is the bundling of a creative thought with different thoughts, explanation of how and when the development thought is utilized and utilization of the exploratory information to portray the advantages of the advancement thought. The commercialization of the imaginative thought is essential to investigate the market v

Contemporary Sport and Event Marketing Essay - 1925 Words

Contemporary Sport and Event Marketing (Essay Sample) Content: Name:Course:Tutor:Date:Contemporary Sport and Event MarketingWho does the event attract (ie. Types of people remember subcultures, casual / serious leisure participants, PCM spectators), list key sponsors and is there any reason for the event.The IRB sevens series is a league based tournament that comprises of 15 top teams in sevens rugby. It was established in the 1999-2000 season but has gained popularity in the 2000-2011 season after a sponsorship agreement with HSBC. The series is an initiative of the IRB that aims at making sevens rugby a viable commercial product. In addition, the series reaches people of different culture worldwide with a reported participatory audience on over 500million live fans throughout its global tour. The event also broadcasts to over 32 media channels in 16 different languages. On this regard, it is believed to reach over 332 homes and an approximated 760 million viewers. With 147 countries reached through live broadcasts of the event , one can confidently claim that the event is cross-cultural. However, one should note that the main audience of the event comes from the participating nations. The IRB sevens series attracts individuals who have developed allegiance to sevens rugby to the sports stadiums. Allegiance to the sport is catalysed by the patriotic nature of individuals attending the event. On the other hand, home spectators could be categorised at various levels of the Psychological continuum model. For spectators from 15s rugby playing nations such as New Zealand, Australia, South Africa and England, a majority of them have developed an allegiance to the sport. However, in countries that are not top tier in the tradition 15s rugby, most of the fans are in the awareness stage of the PCM. In these countries, it can be argued that spectators are more likely to advance into the attraction stage based on the performance of the team in the series. Broadcasting channels are the most likely catalyst of thi s advancement in contrast to social groupings and connections. For instance, in Kenya sevens rugby fans have developed allegiance to the national team instilled by national pride. The allegiance is believed to have resulted from the consistent performance of the national sevens team in the series. As a result, the leading communication company in the country, safaricom, initiated a yearly event dubbed the safaricom sevens series. The event has gained popularity among the Kenyan elite class with growing spectator numbers since its year of inception.The IRB sevens series is associated with the global bank HSBC. The bank holds all the naming rights of all tournaments in the series. However, the bank sublets the naming rights of some naming rights of some of the tournaments to other sponsors while still holding the naming rights of the whole series. Though the brand image of the bank is not directly transferable to the rough sport, the bank is able to establish its trademark and promote the services it offers to its customers through the event. 2. Analyse product augmentations or activities from the event itself and inspect media types such as websites, TV advertisements, radio, newspaper, etc toidentify elementsfrom the event and within media types thatlinkto any of 7 Es that would attract spectators, participants or attendees.a. Discusswhythese elements link to 7 Es? (Hint: remember to use elements of 7Es, cognition, affect and psychological involvement to assist in answering these questions).Various elements from the series would help drive the degree of spectatorship of this global event. For instance, in the promotion of the series the IRB team developed a promotional campaign dubbed #bringyourgame. The promotion strategy was meant to capture the attention of spectators towards this event. Through the advert the IRB hopes to create a cognition in the viewers mind that would let them perceive sevens rugby as a fun sport. By watching the advert , the viewers mind is filled with images that make him/her seek involvement in the sport. The advert shows that the fans are the real supporters of the game and the players are just a central part of the all event. In addition, the television commercial shows that the sport is cross-cultural and that it attracts its viewers from various demographic segments. All these strategies by the IRB aim at developing a schema in the spectators minds that would effect to a positive attitude towards the sports. By showing images of star players from the participatory countries, the advert believes that it can help its spectators recall the experiences in previous events. Though a memory recall the advert will be able to create a positive affect of the event. Through the advert, one can argue that spectators in the attachment and allegiance psychographic levels develop a feeling of belonging to the sport. The spectators perceive themselves as belonging to a social group that can match supporters of other sports. Not only does the advert capture the fans emotions, but also shows them the excitement and entertainment levels associated the sport. This is because all the people in the advert are in a jovial mood; one that IRB wants to associate with the sport. The effects of the advert on its viewers affect inspire them to develop an action call. The IRB achieves this by using the #bringyourgame hash tag. Through the Hash tag, rugby fans can communicate to one another and the rest of their world their perceptions and feelings towards the event. Therefore, the advert is a well thought marketing strategy that will not only attract more viewers to the sport but also aid in developing allegiance towards the sports for new followers of the game. b. Discusshow wellyou feel the product augmentations or activities from the event and those used in the media types link to 7Es.Supportyour answer by providing examples of areas of product augmentations or activities from the event or those used in media types that were either done well or poorly. The #bringyourgame was used with great effect in marketing the event. This is because the hash tag acted as a platform for instilling involvement in the event through conversations. Thereby, Rugby fans were able to share their thoughts and experiences from previous events. As a result, the fans developed a feeling anxiety where each of them anticipated the kick-off of the event. Though the hash tag was effective in generating conversations on twitter, IRB should have considered other social media. For instance, involvement in facebook conversations was quite low as compared to twitter. The low level of involvement could be attributed to the events bias towards one social media tool. By involving facebook in their conversations, the IRB could affect the degree of influence of the event through conversations in the social network. Despite the high levels of engagement initiated by twitter conversations, the IRB should also consider developing cognition in the minds of their facebook fans. c. Identify what 7Es are eithermissing or implemented poorlyand need inclusion or improvementin the event. Describe what product augmentations or activities you would improve or include in the event to link to 7Es. Describe how these included or improved product augmentations or activities are going to better link to 7Es. (Hint: remember to use elements of 7Es, cognition, affect and psychological involvement to assist in answering these questions)The series does not develop the element of existence towards their fans. Sevens Rugby fans do not have a lifestyle that they would associate with to socially define their sport. Existence would help achieve high numbers of supporters, as they would have an identity that defines them. The IRB would consider using some of its top players as their opinion leaders. On this regard, rugby fans will develop an altitude towards the opinion leader. These opinion leaders can be expressed through use in commercials and adverts not only for the sport but also for the contributing sponsors. When constantly viewed as public figures, viewers will tend to idolize these leaders by emulating their fashion trends and behaviours. Therefore, the IRB should note that existence is the best measure of its fans allegiance to the sport. Further, the IRB should develop strategies that will help define sevens rugby fans. d. Identify what 7Es are eithermissing or implemented poorlyin advertisements used invarious media typesidentified previously. If you feel some of the 7Es are missing from advertisements in media types and need inclusionidentifywhich of the 7Es needs inclusion and then describehow these 7Es would be included. If you feel some of the 7Es used in media types need improving thenidentifywhich of the 7Es needs improving and thendescribehow you would improve the 7E to make it more effective. (Hint: remember to use elements of 7Es, cognition, affe ct and psychological involvement to assist in answering these questions).The bring your game advert is effective in exploring most of the 7Es with the exception of escapism. The commercial fails to develop a mood where the viewer feels that he/she is in an extraordinary place. Through the commercial, the viewer does not conceptualize the notion that he/she can relieve the tension associated with his/her daily routine. The advert would achieve this element by capturing reactions of persons ...

The Importance Of Education In Public School Education

Education, for both youth and adults in the United States has been labeled to have extreme importance. The United States is blessed to have the right to a free education and access to resources to help develop further education. This right is not restricted to those with a learning disability or special need. Students found to have a special need (i.e. autism, down syndrome etc.) are given the same opportunity to be educated. By attending schools with children who have these challenges, it is noticeable that specific students are treated differently based on their condition, specifically, autism. These students should be educated based on the extent of their condition, but should not be denied the opportunity to be with their peers. Being†¦show more content†¦46.) A public classroom is the least restrictive location for a child. If a child can withstand a classroom setting, they should be given the opportunity to experience public school as other children are. This is a law that schools are to abide by. If a child, or their parent(s), wish for their child to participate in classroom activities, the school is required to allow them. The opportunity for autism children to be in classes with their peers not only benefits the child with autism, but also the children around them. Growing up in an elementary school, where a large portion of the disabled children attended, I had the opportunity to observe and interact with autistic children during school hours. If children are introduced to those with autism at an early age, they can be more understanding and compassionate towards children with autism, helping them to have a more positive learning experience. It is much easier to introduce children to each other when they are young and still developing social skills. Autistic children are given the right to attend public classrooms, but the classroom environment isn’t always for every child. Children with low functioning autism may not be able to handle the stresses of being in a public classroom with other large quantities of children. These children should not be forced to attend classes that they should not feel comfortable. If children attend classesShow MoreRelatedTuition Free Public College Education1677 Words   |  7 PagesAnd Education for All: Tuition-Free Public College Education Everyone has the right to an education and education should be as accessible as possible to fulfill this need. Without an education, people are rendered powerless. Education gives people the power to go wherever and do whatever they want in life. This is especially true for higher education and a college degree is needed now more than ever. 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This value is shared even more widely among African-American and Hispanic parents.* * 84% say that it is extremely (37%) or very (47%) important to have a college degree in order to get ahead.1 * 87% strongly (68%) or somewhat (19%) agree thatRead MoreAmerica s Equal Opportunity For The Education System Essay1416 Words   |  6 Pagesopportunity it provides for its citizens. Anyone must be able to get a quality education, get jobs they want, and be productive members of society. However, there has been debate lately on how equal the opportunities are for the majority of American citizens. Many Americans have a harder time getting the quality education they deserve because of their social or economic status. 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An Ideal Understanding Of The Catholic Christianity...

This idea presents an ideal understanding of the catholic Christianity perception of a wife. It was the understanding of the Catholic Christians and a construction that looked a perfect presentation of how and what a wife should be. Though we cannot dispute the opinions presented by Monica, we can only try to understand it better as according to the condition and circumstances we are living. The confessions were done several years back however they carry an intrinsic meaning and reason why they are still relevant. We can uphold the argument as presented by Augustine’s mother; however, we have to acculturate the concept into the modern world and social construction by just fitting the idea in the most applicable way. Part 1 Augustine’s Confessions were based on Catholic Christianity. The Catholic Church itself adopted several philosophies to build their own doctrines. According to Hardon (1987) Augustine had in mind that the idea of happy life, progressing family and the idea of a family with the head. According to him this needed to have a head that other subjects were to be submissive to. In a marriage, the family primarily is made up of two individuals, a wife and a man. The man will traditionally assume the head of the family. During the medieval period, a head had to be respected and followed. The idea of a leader was not transformational but transactional leadership. Hence in the process Augustine thought that the idea of his mother Monica, being subservient toShow MoreRelatedEthical Principles Of Ethics And Corporate Ethics3491 Words   |  14 Pagesregulating behavior. When someone conforms to the codification, you consider this person to be moral. And yet, the notion of how we ou ght to behave and the reality of how we do behave are varied and real morality behaves in accordance with one s perception of morality. 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Auditing Management Expressions of Confidence

Question: Discuss about the case study Auditing for Management Expressions of Confidence. Answer: Introduction: 1. Accounting has been an essential element of finance since the ancient times. In the historic times accountants used to be called as bookkeepers who maintained the records of accounting transactions. However, with the constant development in the process of accounting, it has become professionally certified since the 19th century. There has been development in accounting in many different ways that upgrades the nature of accounting, regulatory system, accounting standards and principles. Accounting is a set of records and recognition of financial transactions that helps in analysis of the performance of the organization or individual in an accounting or financial year. Accounting helps in assessment in assessment of profit and loss in a financial year as well as determines the value of assets and liabilities at the end of the accounting year (Mohammadi, 2015). Though the basic concept of accounting has remained same since the ancient times, the methods, principles and standards have been developing for preparation of accounting statements. Preparation and recording of accounting transactions manually have been developed to that in a computerized manner. Several accounting software have been invented and updated over the period to make the process of recording transactions easy and accurate. Apart from that, conventional method developed to modern accounting method so that the desired results are more accurate. For example, computation of depreciation involved historical value of assets under the conventional method of accounting. But in case of modern accounting method, recent value of asset is considered that produces accurate and fair depreciation charges. In order to keep pace with the recent economic trend, accounting principles and standards are being developed to provide transparent and accurate results. Like standard on recording fo reign exchange transaction according to the closing exchange rate on the recording day provides accurate profit and loss on foreign exchange deals (Soh, Leung Leong, 2015). Similarly, auditing has also been developed over the period to serve the users more efficiently and effectively. It is an organized form of scrutiny and verification of accounting records and statements to evaluate the authenticity of the same. Auditing is a concept, which is formed on the basis of accounting and revolves around the concept of examination of books of accounts and statements. Auditing is conducted to examine whether these statements and records depict a true and fair image of an organizations books of accounts. Just like the accounting information, methods and standards that regulates the process of auditing also been developed from time to time. The accounting and auditing boards have specified the limits of capital and turnover of the assessees exceeding which requires mandatory auditing (Ezzamel Xiao, 2015). Auditing is conducted for both companies and individual assessees depending on their value of turnover. In case of companies, different types of auditing are considered as required by the Corporation laws and auditing standards. For example, internal audit, periodical audit, tax audit, bank audit, forensic audit and many more so that the users of the financial statement can get true picture of the companys performance (Westermann, Bedard Earley, 2015). Auditor is required to provide an opinion on the correctness and fairness of the financial statements through qualified, unqualified and adverse report. The process and requirements of stating such opinions and conclusions have been developed over the period so that it depicts a clear picture (Klychova et al., 2015). As provided in the case of Whigarian view of history, it is true that continuous process of any act with a positive belief always generates progressive and developed results. Similarly, in accounting and auditing constant development and advancement has been made to serve the society in a better and fair way. Such advancement in both the components of finance has been made with respect to save the time in preparing the accounting statements without any error. Such advancement also helps to maintain the necessary records of accounting as well as of auditing in more concise manner. As the education system and industries in economy are increasing at high percentage, it is very important to develop the systems of managing the organizations that presents clear, unambiguous, accurate and authenticated information. At the same time recognition and measuring turnover, profits, losses, expected returns and other required information should not be time consuming (Bedford Ziegler, 2016). Therefore, it is important to develop the systems of different areas of finance that helps in analyzing the financial position and other relevant information. Accountants and auditors have to be keen on learning and practice the new, developed and advanced areas and techniques so that they can serve the company and society in the best possible manner (Soh, Leung Leong, 2015). 2. Many nations have institutionalized the regulations and standards that govern the system of auditing under which auditor independence has become difficult. Auditors perform their work through analytical procedures to provide a conclusion for their clients business. However, some conflicts of interests occur among the professionals while performing their several jobs to serve one objective. In this regard, many authors have provided theories on moral seduction as well as strategic issue cycle. While some of the theories like Sarbanes Oxley Act does not reflect the true picture on independence of the professionals or auditors that is a consequence of incorrect understanding for the biasness of the auditors (Berman et al., 2015). In presenting the opinion on auditing for the clients, the auditors have to be unbiased to perform their audit work. This is because auditing is conducted to provide reliability and authenticity of the books of accounts and financial statements of the organization. Hence, auditors need to examine the books of accounts independently to provide a reasonable opinion on the correctness and fairness of the accounting information. In delivering the examination and opinion on the books of accounts of the clients, auditors have to present their performance based on the intuition, analytical process, qualitative and quantitative measures. However, in analyzing the books of accounts, auditors have the reasonable responsibility while the absolute responsibility is that of the management of the organization (Guiral et al., 2015). There are several reasons based on structural features that create conflicts of interest between auditor- client relationships that affect the professional judgment of the auditors. The structural features of the profession of the auditors are appointing and removing the auditors by the organizations management. Another feature of the structural issue is undertaking of jobs with the clients. Under the first feature independence of auditors are affected by their appointment terms and conditions. Organizations have the freedom to appoint auditors of their choice based on their set criteria. Such appointment based on the different conditions affect the independence of performance of the auditors. In providing, the opinion of the auditors on the clients financial report might be biased for reasons like fear of being removed from the auditing position, increased audit fees and such other reasons. Such threats and weaknesses on the part of auditors appointment affect the independence on th eir unbiased performance and increase the conflicts of interest with the clients relationships. Besides, individual auditors or audit firms having brand name are perceived to be more independent in performing their audit work and delivering the critical opinion on the financial statements of the organizations (Rupp et al., 2015). In case of second feature, undertaking of jobs with the clients also affects the independence of audit work because of the relationship between auditors and clients. Sometimes, the relationship between them builds a common identity and creates a favorable behavior among the fellow members of the group. Apart from that, auditors perform multiple works for their clients other than the audit work. This multiple work performance affects the efficiency and concentration on reviewing the accounting records and books of accounts to examine its fairness and transparency. Accepting of non-audit works by the auditors are also an essential reasons for conflicts of interest in the client and auditors relationship because of the fear of losing job by the auditors (Asare, Wright Zimbelman, 2015). Most of the nations legislative systems have allowed the interest conflicts that have become common in the recent years. Several theorists have raised the question on why do auditors or clients accepts such policies that create the conflicts in performance of the work as well as providing conclusion on the opinion. Accounting and auditing are the most important components that provide the opinion on the continuity of the organization. Accounting provides the information on the profitability, incomes, expenses, value of assets and liabilities, investments and other vital financial information (Downar, Ernstberger Koch, 2016). On the other hand, auditing provides the authenticity, true and fairness of the books of accounts and financial statements of the company. Auditing stress upon the correctness of the recognition of accounting transactions according to the International Financial Reporting Standards as well as Generally Accepted Accounting Principles. At the same time, process of auditing also takes place following the International Auditing Standards that provides the auditors a proper direction for the better performance (Whittle, Mueller Carter, 2016). Hence, it is important to focus and perform the auditing without compromising on their independence so the users are able to get a clear and true picture of the organization. Stakeholders of the companies should be provided the correct information about the company that helps them in taking better and fair business decisions to achieve the goals (Hoos, Kochetova Kozloski d'Arcy, 2015). 3. Independence is an essential factor every auditor is required to have while performing the auditing work. Management of companies might have interests in showing the accounting records and financial statements that favors the performance of the companies. However, it is the responsibility of the independent auditors to present the audit report free from falsification, unbiased on the analysis of the organizations financial status. An auditor should follow the code of ethics and audit principles and standards to perform the auditing of a company to provide a clear understanding and fair work performance. In order to perform the auditing independently, it is important to have unbiased behavior for the client company and fellow member. In this context, most of the nations have developed the principles and standards of audit performance to regulate the performance of auditors effectively and efficiently (Gold et al., 2015). However, sometimes auditors biased behavior whether knowingly or unknowingly affects the independence of the auditor. Auditors biased performance on the auditing of account statements and financial statements might present the conclusions and results in favor of the client company. But, the same does affect the reliability and competence on the performance of the fellow audit members. Since a financial statement of an organization presents the financial status and performance of business as a whole, it is very important to provide unbiased and credible opinion on the audit reports. Audit reports provide four types of opinion- unqualified opinion, qualified opinion, adverse opinion and disclaimer of opinion that should be form an unbiased appraisal from the companys auditor (Hatfield Mullis, 2015). Unqualified opinion in the auditors report provides a clean opinion on the financial statement of the client company for which the audit was conducted. This type of report is presented when auditor determines each of the accounting records and statements are free from errors, misrepresentation and fraud (Westermann, Bedard Earley, 2015). Qualified opinion is provided when auditors find the account statements free from misrepresentations but do not harmonize with the International Financial Reporting Standards and Generally Accepted Accounting Principles (GAAP) (Westermann, Bedard Earley, 2015). Adverse opinion is presented when the financial statements of a company do not conform with the GAAP as well as it reflects gross misrepresentation of the accounting records. This type of opinion provides a negative impact on the companys financial status and its continuity (Gold et al., 2015). Disclaimer of opinion arises when auditor is not able to perform complete audit procedures to provide accurate report due to certain limitations on the scope from the management (Whittle, Mueller Carter, 2016). Since, auditors opinion on the financial statements of the organization helps the stakeholders to form opinion for various purposes, it is important to give unbiased and fair opinion. Ironic rebound effect is portrays unforeseen problems that emerge when auditors strive to overcome certain thoughts, ideas, beliefs, attitudes while performing the audit procedures. Sometimes auditors being biased towards their clients on forming judgments and opinions on the financial statements of the organization. Such biasness does not reflect the true picture of the companys performance and shows the auditors work against the code of ethics and principles of the audit regulations. Auditing is the examination of books of accounts and financial statements of a company to provide a true and fairness review on the performance of the company. Hence, auditors work in this respect is critical and significant as there are various accounting records that need to be examined by using sampling methods. This method of auditing is based on the probability and random selection. Therefore, ironic rebound effect in case of sampling test may provide false results because the selection should be according to value and number of transactions (Aghazadeh Joe, 2015). In order to form a true and fair opinion on the accounting records of the company the auditor is required to follow the necessary principles and standards that regulate the audit procedures. However, it is not possible to check and verify each of the data, evidence, ledger and documents for the purpose of crosscheck, the auditor should be very careful while selecting the data. Such selection of the data provides the overall opinion on the true and fair view of the organizations performance as well as the transparency in maintain the records. Auditors have to overcome with the rebound effect to provide the credible and clear opinion about the company to serve the stakeholders and other users of financial statements in a better way. The auditor should not form any opinion out of biasness or rebound effect on the companys financial statements that is in favor of the client company (Aghazadeh Joe, 2015). Reference List: Aghazadeh, S., Joe, J. R. (2015). How Management's Expressions of Confidence Influence Auditors Skeptical Response to Management's Explanations.Available at SSRN 2623537. Asare, S. K., Wright, A., Zimbelman, M. F. (2015). Challenges Facing Auditors in Detecting Financial Statement Fraud: Insights from Fraud Investigations.Journal of Forensic Investigative Accounting,7(2). Bedford, N. M., Ziegler, R. E. (2016). The contributions of AC Littleton to accounting thought and practice.Memorial Articles for 20th Century American Accounting Leaders,49, 219. Berman, E. M., Bowman, J. S., West, J. P., Van Wart, M. R. (2015).Human resource management in public service: Paradoxes, processes, and problems. Sage Publications. Downar, B., Ernstberger, J., Koch, C. W. (2016). Reviewing a Friend-The Role of Social Ties in Review Work in Auditing.Available at SSRN 2732480. Ezzamel, M., Xiao, J. Z. (2015). The development of accounting regulations for foreign invested firms in China: The role of Chinese characteristics.Accounting, Organizations and Society,44, 60-84. Gold, A., Klynsmit, P., Wallage, P., Wright, A. (2015). The Impact of Auditor Selection Regime and Audit Committee Appointment Power on Investment Decisions.Available at SSRN 2484415. Guiral, A., Rodgers, W., Ruiz, E., Gonzalo-Angulo, J. A. (2015). Can expertise mitigate auditors unintentional biases?.Journal of International Accounting, Auditing and Taxation,24, 105-117. Hatfield, R. C., Mullis, C. (2015). Negotiations between auditors and their clients regarding adjustments to the financial statements.Business Horizons,58(2), 203-208. Hoos, F., Kochetova Kozloski, N., d'Arcy, A. C. (2015). The Importance of the Chief Audit Executive's Communication: Experimental Evidence on Internal Auditors' Judgments in a Two Masters Setting.International Journal of Auditing,19(3), 166-181. Klychova, G. S., Fakhretdinova, E. N., Klychova, A. S., Antonova, N. V. (2015). Development of accounting and financial reporting for small and medium-sized businesses in accordance with international financial reporting standards.Asian Social Science,11(11), 318. Mohammadi, S. (2015). Full development of the theory of accounting and auditing.International Journal of Accounting and Economics Studies,3(1), 7-9. Rupp, D. E., Wright, P. M., Aryee, S., Luo, Y. (2015). Organizational justice, behavioral ethics, and corporate social responsibility: Finally the three shall merge.Management and Organization Review,11(01), 15-24. Soh, D. S., Leung, P., Leong, S. (2015). The development of integrated reporting and the role of the accounting and auditing profession. InSocial Audit Regulation(pp. 33-57). Springer International Publishing. Westermann, K. D., Bedard, J. C., Earley, C. E. (2015). Learning the Craft of Auditing: A Dynamic View of Auditors' On the Job Learning.Contemporary Accounting Research,32(3), 864-896. Whittle, A., Mueller, F., Carter, C. (2016). The Big Fourin the spotlight: Accountability and professional legitimacy in the UK audit market.Journal of Professions and Organization, jow001.

Tips for Success at College

Who would not want to be successful at every stage of life? While each person may have a different definition of success, a general definition states that any person who is able to achieve his goals and shows progress in his life is said to be successful. At college, there are several ways in which students can be successful i.e. success in academics, success in student-run societies, success at job and success at sports. Some students are able to achieve all of these while some cannot even be successful in one task. I made up my mind to excel in academics and one other activity which, according to me, would make me a successful student at college. I used to write my essay carefully, submit assignments well before deadline and developed good relations with instructors and teaching assistants. Furthermore, I served as the president of Media and Arts society of my college for one academic year. Following are some tips that can help you become successful at college in any category you want: Developing contacts with people: Experts and graduated students claim that the most successful students among all are those who are in good terms with as many people from various batches as possible. If you have links with people, you will be able to get several tasks done easily through their reference. Also, you can achieve success at societies through your reference: someone you know will definitely favor you over anyone else. So as soon as college begins, start getting involved in ice breaking activities and interact with people by yourself. As a freshman, very few people will approach you to interact so it is your responsibility to talk to people on any topic. Remember, do not annoy people by trying to interact too much. Have the passion and dedication: Nobody in this world can stop a passionate and dedicated person to succeed in anything he wants. Set a clear goal for yourself so that you can work on it with dedication. Spend a lot of time and efforts keeping in mind that you are not alone running in the race. You will meet a number of competitors who would want to reach the heights you are aiming at so you can only win if you regularly show passion and dedication towards the goal. Give your 100% and make it visible to the higher authorities. Get proficient in time management: A lot of students could not achieve everything they want just because they are not able to manage time properly. Learn how to divide all your tasks properly in the available time because the most successful entrepreneurs and industrialists claim time management to be the most crucial thing in life. So from the very first day of college, try allocating the time appropriately between tasks. You can do this in a better way by writing down a timetable for the entire week. Eventually, you will get proficient in time management and focus well on the goals. Eliminate procrastination and laziness from your life: This point is quite self-explanatory. The key to success in any task is avoiding procrastination and laziness at all times. These habits can lead you to miss out on a lot of opportunities. I used to write my essay and do my assignments as soon as they were assigned to me.

2004 Ethical Issues and Criticisms

Enrons (USA) and Parmalats (Italy) Scandals of 2003/2004 Ethical Issues and Criticisms Introduction The recent global economic crisis left on its wake a number of bankrupt business organisations. These were especially those business organisations that were poorly structured or poorly managed such that they were unable to withstand the effects of the crisis.Advertising We will write a custom report sample on Enron’s (USA) and Parmalat’s (Italy) ‘Scandals’ of 2003/2004: Ethical Issues and Criticisms specifically for you for only $16.05 $11/page Learn More However, there are some organisations which filed for bankruptcy within the same period but whose downfall cannot be fully attributed to the global economic meltdown. Those were for example the firms that were embroiled in financial and other forms of scandals whose effects might have made it hard for them to withstand the crisis. An example of companies or business organisations that reported poor performance and filed for bankruptcy in the 21st century is Enron Corp oration and Parmalat SpA. The former used to operate from Houston, Texas, with more than 20,000 employees. The company filed for bankruptcy late 2001. Prior to this, it was considered to be one of the leading organisations in the energy, communications and pulp paper industries. In 2000, this organisation’s revenues were approximated to be more than 100 billion US dollars. However, the company came crumbling down by the end of 2001 after it emerged that the financial records filed by the management were fraudulent and misleading. This is where the infamous Enron scandal emerged from. This was more or less the same for Parmalat SpA by the end of 2003. Before then, the company was hailed as one of the leading dairy firms in the world. Operating from Italy, the organisation has operations in various cities around the world. Apart from dairy products, the company is also known for its production and distribution of fruit juices through its various subsidiaries and outlets all ove r the world. The organisation has more than 140 production plants scattered all over the world. These (together with the other business operations) engage approximately 36000 members of staff. The collapse of this company and the reported financial fraud associated with the fraud made analysts term this as one of the biggest bankruptcies in the continent. It was likened to the Enron scandal mentioned earlier in this paper, with parallels drawn on how the two organisations misrepresented their financial reports prior to their collapse. In this report, the author will critically analyse the ethical issues revolving around the two financial scandals mentioned above. In the report, the author will set out the main issues and criticisms surrounding the two scandals. The extent to which these scandals could be considered as ethical and legal violations will also be analysed.Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper wi th 15% OFF Learn More The author will also analyse the impact of the two events on the general public’s views of business operations in USA and Italy. This is in addition to a critical analysis of the extent to which the two events reflect their respective national contexts. Finally, the author will provide informed recommendations on how such scandals can be averted in the future. The Main Issues Enron’s Financial ‘Scandal’: The Main Issues Enron was established in 1985 and emerged to be one of the largest public investment companies in America. This was before its bankruptcy in 2001 as mentioned earlier. The company had invested in more than 30 products in various economic sectors around the world. It was widely associated with its enormous investment in the profitable energy industry (Petrick Scherer 2003). Enron had operated as a successful company for decades. It was one of the most profitable investment companies in America. Thus, ma ny business persons invested in Enron. The company had employed thousands of employees and collaborated with dozens of American companies in its operations. However, the company operated in a fraudulent and unethical manner. One of the key issues that led to the failure and bankruptcy of Enron was the lack of transparency and the dishonesty of Enron’s key top management team and partners. The accounting, auditing and consulting firm- Arthur Andersen- was implicated in the scandal for its dishonest business dealings with Enron (Cramton 2004). The inflation of accounting book records and assets held by Enron evidenced the greediness of the top management in their attempts to enrich themselves by embezzling the shareholders’ assets. The management was involved in inflation of the value of the company’s assets. They intentionally misled the shareholders to believe that the company had stable assets. This also persuaded more investors to entrust their money with the company. Its financial statements were not transparent at all. They were tampered with and manoeuvred to depict a stable performance even when the company was making huge losses (Jennings Marianne 2002). The illegal and unethical behaviour of the management had significant impacts on the American economy and the global economy in extension. Members of the executive awarded themselves with huge compensation packages that seemed to be targeted at enriching them instead of fairly compensating them.Advertising We will write a custom report sample on Enron’s (USA) and Parmalat’s (Italy) ‘Scandals’ of 2003/2004: Ethical Issues and Criticisms specifically for you for only $16.05 $11/page Learn More The compensation in terms of bonuses and stock option for the top management was directly linked to the practice of deal making that disregarded quality accounting practices. This in turn led to a misguided and unhealthy corporate culture wit hin the firm. The employees were encouraged to focus on high, short term returns by the system (Rhode Paton 2002). Parmalat’s Financial Scandal: Main Issues Parmalat was one of the leading multinational food and dairy producers based and founded in Italy before its bankruptcy and collapse in 2003. The company had engaged thousands of employees and thousands of dairy farmers in Italy depended solely on it. Investors had also heavily engaged themselves with the company through the Milan Stock Exchange where it was publicly trading. With its operations in dozens of countries, Parmalat was a major employer and business partner (Coffee 2005). Some of the key ethical issues at Parmalat included the fraudulent financial practices that the company was involved in. Members of the top management team intentionally failed to provide the correct financial information including the status of the company’s debts and losses. The company was making losses and covering them up. The to p management kept it a secret and whoever came close to learning about it was fired including, the chief accounting Officer Fausto Tonna. The cover up, forgery and non-disclosure were directly linked to its bank. Upon its collapse, thousands lost their jobs and investments. The figure below shows the indirect and direct control that one large shareholder (the Tanzi family) had in terms of voting rights. This indicates the extent of unethical control of organisations by some shareholders. The structure provides adequate avenues for a shareholder who was also the chairperson and C.E.O to inappropriately pursue his own interests disregarding those of the other stakeholders. The minority shareholders who had little or no power at Parmalat Corporation were exploited at the expense of the majority shareholder (Melis 2005). Figure 1: Direct and Indirect Control of One Shareholder over ParmalatAdvertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Adapted from: Madsen Vance 2009 Criticisms, Ethical, and Legal Aspects of the Scandals The fall of this Italian giant led to the loss of public confidence on financial reporting. The Italian public and the investing community was largely made to distrust the system of accounting, auditing, and financial reporting that seemed to have worked for ages before. The loss of jobs worldwide made employees of many multinationals to lose confidence and trust of their parent companies. The accounting and auditing professionals all over the world were enormously affected. Ethical questions and concerns were raised as far as their profession was concerned. It is one of the most trusted professions that are supposed to appropriately guide the investors, creditors, members of public, and other stakeholders. But instead, it was implicated in the scandal (Coffee 2005). The Enron scandal brought to fore significant legal concerns. Some of them included the concern whether the banks had enough legal frameworks to prevent the occurrence of such scandals in the future. It also proved that the American investors’ legal protection was not fully effective in this changing market. The legal structures and mechanisms of preventing such scandals were downplayed. This is an indication of the fact that the legal system needs to catch up with the changing markets and investment environment. The state’s role in corporate investigations was also challenged. The state’s failure to put in place enough measures to protect the investors, creditors, and employees made them lose trust in state mechanisms and systems (Wearing 2005). Parmalat and Enron scandals raised major ethical issues touching on marketing and conflict of interest that existed between the companies and their main partners. For example, the illegal collaboration that existed between the Bank of America, Parmalat, Arthur Andersen and Enron in defrauding the investors was unacceptable and unethical. People wh o had trusted these companies with their pension lost everything. The public lost faith in the American and Italian investment markets. The failure of the American and Italian regulatory authorities to prevent the occurrence of these scandals had far reaching implications on members of the public who for years depended on these stock markets as an investment channel (Wearing 2005). Impacts on the Public’s View of Business Behaviour in USA and Italy The American education system- especially the standards set in business, accounting and law schools in teaching ethics- was highly questioned. Ethical concerns were raised on the level, standard, and quality of ethical education and training of business and accounting students. Education- which is highly regarded as the absolute remedy for unfair and unjust business practices- was viewed as having failed. This is especially so given that most of these executives were highly educated and experienced in their respective professions ( Berndt 2000). Key Issues Corruption was endemic at Enron and Parmalat organisations. At Enron, the top management used shareholders’ assets to improve their financial standing. Derivatives and stock option bonuses that the top management provided themselves with were illegal, unfair and unjustified. These are the people who the shareholders entrusted with their assets to protect their financial interests. Instead they were stealing from the company and shareholders’ assets. At Parmalat, the influence of family businesses on voting rights was noted. The ownership and control structure at Parmalat was largely characterised by one major shareholder. This led to indirect and direct control over the company’s financial gains (Wearing 2005). Non-disclosure of the correct accounting records characterised both firms. This lack of disclosure as far as the correct accounting records such as book balances, asset portfolio and balance sheets was concerned misled all the sta keholders. This unethical practice by the executives was intentional and aimed at harming not benefiting the employees, creditors, shareholders, and the investing public (Madsen Vance 2009). Parmalat’s misguiding and misleading information was intended for the shareholders and other stakeholders. The falsified financial information and doctored accounting records made the American and the investing public lose trust and respect for the auditing and accounting profession. These dishonest and fraudulent acts shattered the trust the public had on the American securities’ exchange market as well as the trust of employees and shareholders as far as the protection of their interests by top leadership is concerned (Madsen Vance 2009). Other major ethical issues of concern in the organisations include the relationship with the suppliers, customers, competitors and marketers. Ethical concerns for the customers include the quality and safety of the product. Conflict of interes t and illegal business practices existed in both firms. At Enron, the consulting and auditing firm- Arthur Andersen- was at the centre of the unethical business practices (Crane Matten 2010). According to investigations carried out at Enron and Parmalat, the top leadership had adequate remuneration packages. In spite of this, they used improper mechanisms- such as the use of unfair derivatives and stock options- to enrich themselves using the shareholders’ assets (Berndt 2000). This is an indication of the extent of corporate greed among top managers and leaders. They also supported a greedy corporate culture that focused on short-term benefits. At Enron, the top leadership seemed to support the culture of â€Å"get returns quick, no matter the means, and don’t get caught†. Enron and Parmalat had loyal shareholders and hardworking employees. Top leaders in every organisation are expected to safeguard the interests of these stakeholders. This is vital for the su ccess of the organisation. However, the leadership in both organisations sacrificed shareholders’ interests and employees’ rights for their own personal interests (Melis 2005). Measures to Avoid such Scandals in the Future and Recommendations Internal Investigation and Prevention It is a requirement for every company to have mechanisms such as internal auditing to detect flaws and prevent or correct them on time. However, it is not enough to simply assume that all organisations have proper internal systems. Research has shown that with proper internal mechanisms, companies are less likely to experience fraud, dishonesty and other unethical business practices. It is therefore necessary for organisations to put in place proper internal auditing, accounting and overall business investigation mechanisms (Coburn 2006). Whistle Blowing Whistle blowing is done by the bold and courageous individuals in an organisation. The support and encouragement accorded to whistle blowers at Parmalat and Enron could have prevented the scandals. Whistle blowers could have observed and disclosed the unethical, immoral, and illegal business practices at the organisation at an earlier stage. This could have saved many parties from losing their jobs and investment. Organisations from all over the world should encourage whistle blowing at every level of the business entity. Employees and managers cannot be effective whistleblowers and cannot raise the alarm if they are not accorded proper training in expected organisational ethical practices (Crane Matten 2010). The Amendment and Enactment of Laws National and international laws are vital in regulating the conduct of multinationals such as Parmalat and Enron. The American and Italian laws on unfair business practices, unethical behaviours by the executives and laws on corporate governance were not adequate. Although the concerned parties were legally charged in a court of law- and some of the cases are still ongoing in th e legal system- there is need to enact more laws that properly address key modern unethical and illegal business practices (Coburn 2006). Government policies, measures and laws should be adjusted to include the changes taking place due to globalisation. The American employment laws were questioned after the occurrence of the Enron scandal which left thousands jobless. The American public and workforce lost faith in employee’s protection and rights laws. It was therefore an appropriate measure to amend and adjust some of the key American employment laws. These laws should be updated in tandem with the changing workplace environment especially due to globalisation. The US Securities Exchange and New York Stock Exchange need to adjust to the changing investment environment and the changes in corporate crime and investment frauds (Coburn 2006). The community should play the vital role of rewarding ethical standards. It is the role of the society to embrace acceptable values, stan dards, and behaviour as well as punish the unacceptable ones. As a result of this, individuals such as managers and employees will feel obligated to do what is acceptable and right in their operations. This will help in building communities that are morally and ethically sound, conducive for the mutual coexistence among individuals (Melis 2005). Education and Training Business, accounting, auditing and legal professions are inextricably intertwined with business operations of an organisation. It is important for individuals in these professions to be highly qualified in their field and have adequate business ethics education. The occurrence of the scandals at both Enron and Parmalat does not necessarily mean that the executives did not have enough education on ethics. However, it may imply that although they did have the knowledge of what was expected of them, they decided to be arrogant for their own personal gains. It is therefore critical to introduce courses on ethics at all lev els for employees and managers in an organisation (Giovanni 2005). Ethical decision-making processes should be supported at all levels in an organisation. At Enron, this vital role was supported but was not adequately effective due to top leadership’s structure and secrecy. Employees were hard-working and gave positive results. They also engaged in collective and individual ethical decision making mechanisms. For example, the former vice president indicated that the management had interactive board meetings to solve organisational or departmental problems. However, there were certain issues that these meetings could not address. He cited that he once questioned the fact that he did not have complete access to financial records which was vital in making decisions for the development of the firm (Madsen Vance 2009). Therefore, there was lack of support for ethical decision-making mechanisms. Every organisation should embrace ethical decision-making processes among employees an d managers. It helps create and sustain ethical relationships with key stakeholders. Ethical decisions help an organisation to identify its risks, prevent, avoid and solve them. It enhances accountability, efficiency, and transparency which are necessary in today’s global markets (Crane Matten 2010). Code of ethics in an organisation serves as a cornerstone and check point for ethical standards of behaviour. Every organisation sets its codes of ethics expected to be followed in the workplace. Designing ethically sound code of ethics, implementing them and sustaining them in an organisation is crucial for its success. They should be well communicated to employees and other members of the organisation. Enron had a strong code of ethics and code of conduct. Nevertheless, it did little to prevent the unethical behaviours of top leadership in the organisation (Rhode Paton 2002). Codes of ethics without proper communication, implementation and continued revision can do little in maintaining ethical standards of behaviour. It is everyone’s role in the organisation to understand, implement and translate these codes of conducts and ethics at the workplace (Guorevitch Shinn 2005). Conclusion There is no amount of regulations or legislations that will ultimately prevent or stop executives, managers and employees from engaging in unethical organisational practices. It is the responsibility of individuals to learn and adopt ethics at their respective positions in the organisation. Organisations on the other hand must change and adopt codes of conducts or ethics to act as ethical guidelines. Due to globalisation, various core aspects of organisational business activities have changed. Ethical decision-making processes should be supported to enhance accountability, effectiveness, transparency, and corporate image as well improved relationships among key stakeholders. Enhanced transparency and accountability leads to enhanced overall efficiency and organisati onal performance. It helps organisations to conduct their activities in an ethically acceptable manner that ensures economic stability worldwide. References Berndt, M 2000, Global differences in corporate governance systems: theory and implications for reforms, Harvard Law School, Harvard. Coburn, NF 2006, ‘Corporate investigations’, Journal of Financial Crime, vol. 13 no. 1, pp. 32-38. Coffee, JC 2005, A theory of corporate scandals: why the United States and Europe differ, Oxford University Press, Oxford. Cramton, RC 2004, Enron and the corporate lawyer: a primer on legal and ethical issues, Free Press, New York. Crane, A Matten, D 2010, Business ethics, 3rd edn, Oxford University Press, Oxford. Giovanni, D 2005, ‘Investors trust after Parmalat scandal: the role of corporate governance’, Journal of Business Management, vol. 4 no. 4, pp. 34-49. Guorevitch, PA Shinn, J 2005, Political power and corporate control: the new global politics of corporate gover nance, Princeton University Press, New York. Jennings, A Marianne, M 2002, ‘Primer on Enron: lessons from a perfect storm of financial reporting, corporate governance and ethical culture failures’, Journal of International Business Management, vol. 5 no. 2, pp. 23-39. Madsen, S Vance, C 2009, ‘Unlearned lessons from the past: an insiders view of Enrons Downfall’, Corporate Governance, vol. 9 no. 2, pp. 216-227. Melis, A 2005, Corporate ownership control, 2nd edn, Winter, New York. Petrick, JA Scherer, RF 2003, ‘The Enron scandal and the neglect of management integrity capacity’, American Journal of Business, vol. 18 no. 4, pp. 53-58. Rhode, DL Paton, PD 2002, ‘Lawyers ethics and Enron’, Journal of Business Ethics, vol. 3 no. 2, pp. 34-38. Wearing, R 2005, Cases in corporate governance, Sage Publishers, London.

Black & Decker (SWOT analysis) Research Paper Example | Topics and Well Written Essays - 1250 words

Black & Decker (SWOT analysis) - Research Paper Example The industrial segment is sub divided into tradesmen and industry level. The domestic consumers are a big fan of Black & Decker products and the company enjoys fifty percent market share from this segment. However, the share at industrial level is twenty percent and tradesmen account for nine percent only. Tradesmen are not quite satisfied with the Black & Decker products as they consider the tools less professional and less reliable. Although research and development is an ongoing process at Black & Decker and due to the company’s efforts, hundreds and thousands of products have become a part of the brand. Sub brands of Black & Decker are also popular at global level. Thus, the brand portfolio of Black & Decker is quite satisfactory and appeals the customers. ... other idea could be to remove the Black & Decker label from all products in the mentioned category and market the products under the name of other Black & Decker brands which are absolutely free of any negative associations. Threats Competitors such as Makita and Milwaukee are a major threat for Black & Decker. They have a market share of more than fifty percent and have better brand awareness and reputation in the power tools market. The negative image of Black & Decker can also have negative impact on the consumer segment. If strategies aimed at the growth in the tradesmen segment fail, the company might face decline in revenues and reputation. 4 P’s Analysis Product Black & Decker is one of the world’s biggest manufacturers of power tools and accessories. The products range from the smallest of screwdrivers which are used rarely by domestic consumers to heaviest parts of machinery used at the industrial scale. The products are classified into two categories: home use and industrial use. The industrial segment is sub divided into tradesmen and industry level. The domestic consumers are a big fan of Black & Decker products and the company enjoys fifty percent market share from this segment. However, the share at industrial level is twenty percent and tradesmen account for nine percent only. Tradesmen are not quite satisfied with the Black & Decker products as they consider the tools less professional and less reliable. Although research and development is an ongoing process at Black & Decker and due to the company’s efforts, hundreds and thousands of products have become a part of the brand. Sub brands of Black & Decker are also popular at global level. Thus, the brand portfolio of Black & Decker is quite satisfactory and appeals the customers. Price A deep

Opera houset promotion Assignment Example | Topics and Well Written Essays - 500 words

Opera houset promotion - Assignment Example The company should create a compelling advert that convinces the customers that the service at Opera Houset Company is the best. Adverts should deliver a proper message to the people, enhance the company’s image, draw more people to the business while holding and keeping the existing customers (Belch and Belch 12). Promotion should be done in different ways, this will include the print media, electronic media and digital media. Print media, which include magazines and newspapers to advertise (MacRury 8). The magazines and newspaper should provide information about the company’s location, its service, and the cost of their tickets. It should bring out the company as the best in providing service. The advert should be placed in the newspapers like the New York Times. Opera Houset Company should involve in promotion through electronic media, which include the use of televisions and radios to advertise on their information (Clow and Baack 11). This media is considered the best as it can reach targeted groups like teenagers. This will involve advertisement for about 30 seconds about Opera Houset Company. Advertisement through television will be the best as it creates impact on the viewer through sight of the opera company their quality halls, dinning, and best services. Trade paper advertisement will be through publishing of information about Opera Houset Company in business papers. This business books are of better production quality, high prices and large (Belch and Belch 15). They put advertisement adds on them to promote Opera Houset Company. Opera Houset Company needs to incorporate this system to obtain more customers. Digital media advertisement includes methods like social Medias, social networking, and social sites to promote information should also be used. This is a modern way of advertising information and it provides a platform to interact with customers as it advertises (Lin 16). Information from digital media is from

Superfund Research Paper Example | Topics and Well Written Essays - 2250 words

Superfund - Research Paper Example The result is the superfund, specifically which is placing funding and aid to stop the toxins and chemicals from being dumped into various regions. The approach is one which is furthered by the pressured cleanups by corporations throughout the different regions. This paper will examine the approach which is being taken by the EPA and how this is linking to the superfund. Background of the Superfund The superfund was established in New York City in 1980. It consists of a program that is based on offering monetary support and initiatives to clean up toxic waste and chemicals that are hazardous around the area. The project began after it was noted that over 22,000 tons of toxic waste were dumped by Niagara Falls, New York, in the known Love Canal. The Love Canal was completed and purchased for the use of different environmental needs. However, corporations began to pile toxic waste and chemicals into the canal. After the inability to move the toxins, the corporations covered the canal a nd sold this to the city of New York for $1. After a certain period of time, an explosion resulted from the large amount of chemicals and toxins in the area. The Love Canal continues to be hazardous for the environmental area it surrounds and directly affects the land which one is in. The superfund was established to force companies to clean up these areas and to tax those who were not complying with the law. Today, over 1,000 sites have been cleaned with billions of dollars being spent. Over 70% of the funds are going to corporations that began to the toxic waste and chemical buildup. The money is combined with government initiatives and companies which are linked to the polluted sites (New York Times, 2011). The initiatives which began with the funds and the need to clean up various areas has continued with specific policies and procedures offered by the Environmental Protection Agency. The bill was originally introduced by a bipartisan leadership group of senators and passed by t he Senate with limiting measures for the cleanup. The House amended this and approved the final alternatives in 1980 through S.1341. However, it was also noted that the final bill and law was sidetracked and moved into different departments because of the other proposals taken earlier. In the Carter Administration, a similar bill was being passed, specifically which was based on toxic waste and oil spill cleanup. This bill had been bypassed during the time because of other political objectives which would not provide the right cleanup. The problem which arose then created Congress to approve the bill with limited measures from the past history, specifically to take care of the problem with the Love Canal without considering the overall task of the Superfund and the extra requirements and provisions from the final bill and law which would be passed. This has led to a variety of amendments as well as questions of responsibility, taxation and corporate responsibility linked to the main bill (Grad, 1982). The approach which was taken in 1980 and the outcomes have resulted in political economics that have become a part of the Superfund and initiatives which have been taken. The approach which is now being taken is to develop the activities as a space for the contaminated sites that are continuing to have waste, as opposed to being active in the continuous dumping of the

Cultural Diversity Essay -- School Education Diverse Essays

Cultural Diversity Children should be exposed to all segments of society. Youngsters learning with children of different races, nationalities, and religions tend to be more tolerant and accepting of individual differences. They learn customs, beliefs and rituals of classmates that maybe quite different from what they have been taught. Youngsters learning in an environment of diversity are well prepared to deal more effectively in society after they complete their education. A mutual respect and understanding of other cultures removes barriers and stereotypes. Individual differences need to be threatening. In fact, knowledge of other cultures helps a person realize and appreciate the similarities more than the differences. It is most important that the teacher is trained to teach about and respect individual differences. A diverse group of youngsters can add a great deal to the classroom environment. Interaction between children, handled effectively, can promote a climate of curiosity, mutual respect an d acceptance. Nina Rees addressed the topic of teaching styles at both public and private school systems. She suggested students achieve greater results in an environment in which competition and different religious and cultural backgrounds exist. (Rees 93). Although students may have a different religion, culture, race and socio-economic level, they all deserve an equally outstanding education. There is a national attempt to give parents the option of a public or a private education for their youngsters. "There is also such a thing as a Voucher System. In "PUBLIC SCHOOLS, PRIVATE SCHOOLS, SPECIAL NEEDS, AND VOUCHER SYSTEMS- A GENERAL REVIEW OF BASIC PRINCIPLES," the author writes, "the idea of the voucher system is that parents ... ...iling grades coming from the students, they are remaining open and continue to be rewarded with extra funding. Viadero,D. Increased choice found to have modest impact on school improvement. Edweek. Retrieved October 7,2002 from Edweek.com Greene,J.P. (2001). The surprising consensus on school choice. Public interest,144,pp.19. Retrieved November 22,2002 from britannica.com Rees,N.S. School choice: a report card. World & I, 15 (9),pp.28. Retrieved November 23,2002 from britannica.com Private vs. public schools. www.internetcampus.com Public schools,private schools,special needs,and voucher systems. www.angelfire.com School choice programs: what?s happening in the states? www.heritage.org/schools/ Schoolreformers. www.schoolreformers.com Test scores: public vs. private schools. http://osx.soc.uh.edu/~bmoeller/kpftnews/092002story6.html Cultural Diversity Essay -- School Education Diverse Essays Cultural Diversity Children should be exposed to all segments of society. Youngsters learning with children of different races, nationalities, and religions tend to be more tolerant and accepting of individual differences. They learn customs, beliefs and rituals of classmates that maybe quite different from what they have been taught. Youngsters learning in an environment of diversity are well prepared to deal more effectively in society after they complete their education. A mutual respect and understanding of other cultures removes barriers and stereotypes. Individual differences need to be threatening. In fact, knowledge of other cultures helps a person realize and appreciate the similarities more than the differences. It is most important that the teacher is trained to teach about and respect individual differences. A diverse group of youngsters can add a great deal to the classroom environment. Interaction between children, handled effectively, can promote a climate of curiosity, mutual respect an d acceptance. Nina Rees addressed the topic of teaching styles at both public and private school systems. She suggested students achieve greater results in an environment in which competition and different religious and cultural backgrounds exist. (Rees 93). Although students may have a different religion, culture, race and socio-economic level, they all deserve an equally outstanding education. There is a national attempt to give parents the option of a public or a private education for their youngsters. "There is also such a thing as a Voucher System. In "PUBLIC SCHOOLS, PRIVATE SCHOOLS, SPECIAL NEEDS, AND VOUCHER SYSTEMS- A GENERAL REVIEW OF BASIC PRINCIPLES," the author writes, "the idea of the voucher system is that parents ... ...iling grades coming from the students, they are remaining open and continue to be rewarded with extra funding. Viadero,D. Increased choice found to have modest impact on school improvement. Edweek. Retrieved October 7,2002 from Edweek.com Greene,J.P. (2001). The surprising consensus on school choice. Public interest,144,pp.19. Retrieved November 22,2002 from britannica.com Rees,N.S. School choice: a report card. World & I, 15 (9),pp.28. Retrieved November 23,2002 from britannica.com Private vs. public schools. www.internetcampus.com Public schools,private schools,special needs,and voucher systems. www.angelfire.com School choice programs: what?s happening in the states? www.heritage.org/schools/ Schoolreformers. www.schoolreformers.com Test scores: public vs. private schools. http://osx.soc.uh.edu/~bmoeller/kpftnews/092002story6.html

Performance Appraisal Essay

â€Å"Performance appraisal is the process through which employee performance is assessed, feedback is provided to the employee, and corrective action plans are designed† (Youssef, 2012). So basically, a performance appraisal is the process of evaluation workers’ performance in correlation with previously determined standards of the organization. Performance appraisals are one way of giving employees feedback about their performance at work; they record the employee’s performance to date, their potential and what they could work on to further benefit them. These appraisals do not only help them employee but they could benefit the organization as well in that it reflects on if the employee is right for the position (currently or in the future) and if the training the organization gives is sufficient for the employee. There are many advantages to performing appraisals. The records of these performance appraisals are kept for a period of time, they can be referenced and used to evaluate how an employee has improved over time, or if they have yet to improve or began to slack off. This gives an opportunity for a manager to pull an employee aside and praise them for their accomplishments or inform them what it is they need to improve on, managers can also determine whether or not an employee could benefit from further training. Employees can be given feedback while learning if their goals within the company have been fulfilled while setting up new goals for them to accomplish in the next year. Sometimes, expectations and policies can be difficult to understand; during feedback, one can take that opportunity to have clarity on policies and expectations and discuss matters that they want to discuss in private, such as ideas for improvement or issues they’ve had within the company or with fellow employees. Knowing that your performance will be appraised can serve as motivation to gain a reward for their hard work. There is potential for biases that need to be worked through to make sure everyone is given a fair opportunity. While it’s easy to compare one another, it’s imperative and difficult to resist comparing skills of one employee to another; if employees were compared to one another, it creates an unfair assessment of the employees. It’s crucial to set a standard to evaluate performance. Personality conflicts can influence judgment when assessing performance; this would cause an inaccurate assessment which would be unfair to the employee. Just because an employee is good at one thing, does not make them good at everything, and vice versa. One ruined project or miscommunication in direction does not mean the same thing will occur every time, or again even. There needs to be a minimum time-frame in which an employee’s performance should be assessed; it’s not fair for a manager that’s worked with an employee a time or two to fairly appraise them, a first impression can distort one’s image in either a positive or negative manner. It’s also necessary to appraise one on their entire performance, not just the most recent occurrences. Lifestyle choices should be left out of the appraisal process and should not be used for or against an employee. The primary objectives of an appraisal are – to assess past performance, to identify training needs, to set and agree on future objectives and standards, and to facilitate the achievement of these goals† (Youssef, 2012). Management by objectives includes an agreement between managers and their employees on the employee’s performance objectives for periodic review for the employee accomplishes said objectives. The effectiveness of a performance appraisal can be judged by its objectives. Understanding the strategic objectives can help one adjust to meet the needs of an organization. A timeline allows a manager and employee to make a plan for goals to be met, there must be deadlines and time periods assigned to each goal to ensure that they are met. An employee needs to show improvement, one that is not very productive and having issues with the company’s values and policies will not be around for a long period of time. Employees that are productive and possess talent that are imperative for the position will help with the company’s success and ensure they are able to withstand growth. Strategic planning is needed to determine the budget for current employees as well as future employees. Appraisal results reflect one’s character, development, how well one performs to the organization’s standards, as well as other strengths or weaknesses. In some organizations, these results may be used to determine if/which employees deserve recognition as well as awards such as a merit pay raise, a bonus and/or a promotion. These results can also determine which employees do not mesh with the organization and need to be let go, require counseling or further training or a demotion/decrease in pay. Performance appraisals can be a motivation to excel.