Monday, January 13, 2020

British Management Theory and Practice the Impact of Fayol

Ian Smith, Trevor Boyns, (2005),†British management theory and practice: the impact of Fayol†, Management Decision, Vol. 43 Iss: 10 pp. 1317 – 1334 This paper re-examines the impact of Fayol’s work on theory and practice of management in Britain, first, in the interwar period and second, in the post-war period of 1945 to the late 1960s. Lyndall Urwick, a respected British management thinker and writer described Fayol as â€Å"the most distinguished figure which Europe contributed to the management movement up to the end of the first half of the present century†(Smith I, Boyns T, 2005) in Urwick’s publishes and translated speeches.Urwick supported Fayol’s general principles of management ensuring an influence on post-war British management theories known as the neoclassical school during the 1950s. Fayol’s principles took place among theories within scientific management bundle which offered an intelligent inputs coupled to a genui ne belief in industrial efficiency. Further research into British management practice during that era, Fayol’s influence proved problematic due to the emphasis of British management on pragmatism and narrow focus on control which allowed little, if any, accommodation for Fayol’s model.Twenty years or so after Second World War, Fayol’s impact, especially after Urwick’s intervention, was on management theory however not management practice. Since 1970, the focus of management thinking had turned away from the functions of management towards to understanding management and managing through an examination of what managers do. This article concludes whether Henri Fayol’s contribution is relevant today. This suggests that the history academics realized his work had significantly contributed to the study in management today, and Fayol’s ideas continued to be more influential in the realm of theory than practice in Britain.

Sunday, January 5, 2020

Training Programs Effective Training Program - 1548 Words

Effective Training Programs Training is defined by Webster s Dictionary as, a process by which someone is taught the skills that are needed for an art, profession, or job. (Websters.com). In a professional sense, training refers to a planned effort by a company to facilitate learning of a job-related competencies, knowledge, skills and behaviors by employees. According to ETT Training works, there are several reasons a company has a training program for their employees. To Increase productivity, reduce employee turnover, decrease need for supervision, increase ability to employ new technologies, increase safety to decrease work place safety and illness, maintain employee credentials and certifications, to help employees meet new†¦show more content†¦Informal training refers to learning that is learner initiated and involves action and doing and is motivated by the employee who is seeking the training. For this term paper, we will focus on the formal training process. I will use the example of on boarding a new online HR system which was developed in-house. Within this system employees can access their paychecks, request time off for vacation or sick leave and view their 401K accounts. The first step to devising an effective training program is to perform a training needs assessment. A needs assessment is a systematic process for determining and addressing needs, or gaps between current conditions and desired conditions or wants. The discrepancy between the current condition and wanted condition must be measured to appropriately identify the need. (Messmer) This is normally a four step process, identify a clear business goal, determine the tasks the workers need to perform so the company can reach that goal, determine the training activities, determine the learning characteristics. When starting to work on a training program you should ask several questions. Do we need really need a training program or would a well written communication suffice? If tra ining is needs it, who needs it? What do we want the employees to learn? Business goals typically include increasing revenue and efficiency

Saturday, December 28, 2019

The Economic Crisis Is the Greater Challenge than...

Globalization (a process) centers on improving the efficiency and speed that economies interact and transform interconnectivity between sovereign nations’ political, social and economic cultures. For centuries, globalized improvements in infrastructure (communication, economies, trade, and ideas) have allowed sovereigns to improve interdependence with others. This essay will present why the economic crisis, a global issue, is the greater challenge than pandemics to U.S. national interest. Regarding pandemic challenges, the U.S. has among the world’s best health care. The ability of the Center for Disease Control (CDC) to respond to pandemics is better than any other nation. Over the last 100 years, influenza pandemics have been among the leading cause of infectious deaths. Technological advances have expanded understanding of complex pandemics and have improved our ability to contain outbreaks or â€Å"manipulate micro genomes.† Caution should be considered as the same scientific knowledge can be deliberately misused. The U.S. works with countries, addressing infectious diseases that slow socioeconomic and democratic development, as well as the humanitarian emergencies and civil conflicts that pandemics contribute to. Infectious disease-related embargoes and restrictions on travel and immigration can cause economic frictions among sovereign states. Deployed U.S. military personnel will be at low-to-moderate risk from pandemics yet, at the highest risk while deployed inShow MoreRelatedNuclear Weapons Of Mass Destruction1057 Words   |  5 PagesKarla Ximena Leyte Though Paper #3 Weapons of mass destruction and their ability to challenge security and create large-scale obliteration have become the most significant threat in international politics, causing vast concern of the consequences that may arise if they were to emerge in the hands of dangerous non-state actors. Chemical, nuclear, and biological weapons not only possess the ability to end the life of many but also pose negative effects on the environment and global economy. WhileRead MoreUnited States National Interests: An Analysis2529 Words   |  10 Pages1. What three United States national interests do you think will be at great risk over the next five years? Describe those interests and identify which instruments of national power can be leveraged to protect or advance those national interests and how those instruments can be used. As President Obama stated in his addresses to Congress in February 2009, the most important problem that the country faced was the economy, which was in the worst recession since the 1930s. This affected both domesticRead MoreNanotech 1AC Essay13565 Words   |  55 Pagesnanotechnology-related research became an area of strategic importance, with some funding directed to support its development. The Programa Especial de Ciencia y Tecnologà ­a 2001-2006 (Special Program for Science and Technology 2001-2006), which is embedded inside the National Development Plan 2001-2006, views nanotechnology as a strategic area within the science of advanced materials. In the same document, the core areas to be developed are depicted in detail and include nanostructures, semiconductors, metallurgy, biomaterialsRead MorePornography and Women Empowerment Essay2178 Words   |  9 Pagesnomination for president, Rick Santorum has stated that America is suffering a pandemic of harm from pornography (F riedersdorf).† A self-described crusader for family values, he has also detailed in his writing that In far too many families with young children, both parents are working†¦ Here, we can thank the influence of radical feminism (Santorum). Santorum in his platform targets a split in the female political interest, where pornography and feminism currently brush heads. It is time for the anti-pornographyRead MoreEssay about Community Health and Population Focused Nursing revision2558 Words   |  11 PagesFocused Nursing VWT Task 1 Cassidi Roberts Western Governors University Community Health and Population Focused Nursing McKinney, Texas is â€Å"unique by nature†. As one of the fastest growing cities in the US, McKinney has a current population of more than 149,000, located 30 miles north of Dallas and is the seat of Collin County. McKinney offers rolling hills, lush trees, a historic downtown square and unique neighborhoods and developments. The city ranks number 2 in the CNN’s Money Magazine BestRead MoreInternational Management67196 Words   |  269 Pagesunabated. The global financial crisis and economic recession have challenged some assumptions about globalization and economic integration, but they have also underscored the interconnected nature of global economies. Most countries and regions around the world are inextricably linked, yet profound differences in institutional and cultural environments persist. The challenges for international management reflect this dynamism and the increasing unpredictability of global economic and political events. ContinuedRead MorePre-Colu mbian Period9302 Words   |  38 PagesWorldAfter a period of exploration by people from various European countries, Spanish, Dutch, English, French, Swedish, and Portuguese settlements were established.[11] Christopher Columbus was the first European to set foot on what would one day become U.S. territory when he came to Puerto Rico on November 19, 1493, during his second voyage. In the 15th century, Europeans brought horses, cattle, and hogs to the Americas and, in turn, took back to Europe corn, potatoes, tobacco, beans, and squash.[11] Read MoreAbstract: Strategic Contingency Planning23625 Words   |  95 Pages70 Implementation and Metrics 72 Summary 73 5. RECOMMENDATIONS AND CONCLUSION 74 Recommendations 74 Conclusion 75 Summary 76 APPENDICES 77 A. SAMPLE FUTURE SCENARIOS 78 B. SAMPLE STRATEGIC EMERGENCY AND CRISIS MANAGEMENT PLAN 86 C. SAMPLE BASELINE ASSESSMENT PAGE 91 D. SAMPLE RELATIONSHIP DIAGRAM 93 E. SAMPLE CONTINGENCY PLANNING SITUATION ASSESSMENT 95 BIBLIOGRAPHY 97 CHAPTER 1 INTRODUCTION Emergency managementRead MoreOne Significant Change That Has Occurred in the World Between 1900 and 2005. Explain the Impact This Change Has Made on Our Lives and Why It Is an Important Change.163893 Words   |  656 Pagescentury. 3. Social history—20th century. 4. World politics—20th century. I. Adas, Michael, 1943– II. American Historical Association. D421.E77 2010 909.82—dc22 2009052961 The paper used in this publication meets the requirements of the American National Standard for Information Sciences—Permanence of Paper for Printed Library Materials, ANSI Z39.48-1992 Printed in the United States of America 2 4 6 8 9 7 5 3 1 C ONTENTS Introduction Michael Adas 1 1 World Migration in the LongRead MoreStrategic Analysis of Sabmiller16462 Words   |  66 Pagesbest-selling beer in Africa), SABMiller import brands Pilsner Urquell and Miller Genuine Draft, and one foreign brand brewed under license - Amstel. The company also maintains a major presence in the South African soft drink market through a 74 percent interest in Amalgamated Beverage Industries Ltd., the countrys largest bottler and distributor of the Coca-Cola line of products, and full ownership of Appletiser South Africa (Pty.) Ltd., a producer of nonalcoholic sparkling fruit juices. In addition, SABMiller

Friday, December 20, 2019

Deception of Family in Death of a Salesman and A Doll’s House

Arthur Millers classic American play, Death of a Salesman and Henrik Ibsen’s classic play A Doll’s House, expose dysfunctional families and behaviors. In these plays, the themes of innocence, guilt and of truth and are considered through the eyes of deception. Both plays tell us that most of us choose to play roles and deceive, not only those immediately, but distantly around us. In Death of a Salesman the father passes deception to his boys the next generation. A Doll’s House Shows deception in a whole different way. We are shown a women’s role with lack of power in a mans society. In Death of a Salesman Willy Loman is a self deluded, insecure traveling salesman. Willy truly believes in the American Dream of easy wealth†¦show more content†¦Willy finally comes to result that his final product will be to sale himself. He makes the most extreme sacrifice by killing himself to attempt to leave an inheritance for his family. Willy’s final act, according to Ben, is â€Å"not like an appointment at all† but like a â€Å"diamond . . . rough and hard to the touch.†(1300). Willy believes the advice given by Charley â€Å"after all the highways, and the trains, and the appointments, and the years, you end up worth more dead than alive†(1281). In the play A Doll’s House Nora is the Narrator and the wife of Torvald Helmer. Nora has never had her own independence. She went from her fathers care to her husbands care. She is Inexperienced in the ways of life. As a result of everybody sheltering her she is careless and materialistic. Nora wants to take on role fully independent woman but does want to take the responsibility for the false union of her marriage and the strain of motherhood. Torvald is Noras husband of eight years has been promoted to manager of the bank. Torvald has built his middle- class living through his own work and not from family money. He sends a great deal of time focused on his business and studying. He seems to come across as stiff and harsh Deception is one of the most important themes within A Doll ´s House. It brings out the plot, outlines the characters, and shows what Ibsen was trying to show us about women and society.

Thursday, December 12, 2019

Spectre of Terrorism and Nigeria Industrial - MyAssignmenthelp.com

Question: Discuss about the Spectre of Terrorism and Nigeria Industrial. Answer: Ford and Taylorism: The video titled Ford and Taylor scientific management compares between two automobile manufacturers of early 1900s namely Vulcan Motors in Britain and Ford Motor Company in the US. Vulcan Motors made cars which were expensive using slow methods taking weeks. The upper class society of Britain could only afford to posses them. Henry Ford, being inspired by Fredrick Taylor in 1908 introduced the theory of scientific management in the automobile production at Ford Motor Company and broke down the complex processes into several simple processes. He was the pioneer of assembly line technique of production which enabled mass production of automobiles at low costs at the Ford Motors. Ford introduced the system of high wages to workers which helped him to attract skilled labour. According to David Moore, a Ford Foundry worker, Henry Ford maintained strict control over the workers and any interference of workers union was strictly discouraged (youtube.com 2018). The scientific management of resources and men which Ford introduced at Ford Motors enabled mass production of automobiles at low cost which eventually led to introduction of low cost cars into the American market. Thus one can summarise from the video that manufacturing firms can bring down their costs of production by managing their resources scientifically and sell low cost goods to attract huge consumer base and earn huge revenue (Parkes 2015). Workers in Australia, America and Europe would accept Taylorism and its scientific management of resources. The small firms in these markets today have to face the challenges of cost cutting and sustainability which necessitate them to manage their resources more efficiently to reduce wastage. These firms can adopt Taylors system of scientific management to allocate their resources scientifically, ensure high productivity and reduce losses they suffer due to wastage of resources (Luning et al. 2015). Taylorism finds applications in the designs of the scripts used in the call centres. The scripts in the call centres today are either in digital formats or physical formats in which questions are arranged in planned manners in order to ensure maximum positive responses from customers. The employees in these call centres are monitored to ensure that they perform efficiently. The supervisors train underperforming callers to enhance their competencies. Moreover, the supervisors monitor the calls digitally to ensure that callers do not waste time asking unnecessary questions to customers (Gandomi and Haider 2015). This analysis shows that the call centres manage the questions on the scripts scientifically to ensure that the callers are able to get maximum productivity from them. Thus, one can infer from the discussion that the call centres scripts use Taylorism to a great extent to ensure high productivity. The ideas of Fordism and Taylorism depicted in the video dates back to a hundred years and may out of order according to some but there are still firms many parts of the world which require these ideas to survive. The small firms in markets like Africa and Asia today are struggling to achieve mass production at low costs. They face challenges from multinational companies which are able to reduce their costs of production owing to their global presence and robust revenues. These small firms can implement Taylorism to manage their resources scientifically to ensure maximum production. This would enable them to control their resources more efficiently and minimise losses they suffer due to wastage of materials (George, Haas and Pentland 2014). This analysis shows that centuries old ideas of Taylorism and Fordism can provide guidance to small firms in underdeveloped markets to become more productive and sustain in the face of the challenges from multinational companies. Thomas Freidman on Globalisation; 3 eras of globalisation: Professor Thomas Friedman in the video Thomas Friedmans Three Eras of Globalisation pointed out to the three eras of globalisation. The first era characterised by countries like Britain expanding their colonies into other parts of the world like India. This stage of globalisation reduced the world into a planet ruled by a few powerful counties like Britain. The second stage of globalisation was characterised by companies expanding into new host countries in search of markets and labour. This expansion of multinational companies shrunk the global economic plane to size small. This means that the consumers could avail goods manufactured in foreign countries because they could purchase these goods from the multinational companies which had entered their countries during the second era of globalisation (Benera, Berik and Floro 2015). The third or the final era of globalisation according to Friedman is characterised by empowerment of individuals across the globe to collaborate and compete in ventures like businesses. The professor pointed out that today individuals have lot of resources at their access which is both advantageous and terrifying. This access individuals have to resources is an advantage because it empowers them to start entrepreneurial ventures which result in introduction of new products, generation of new employment opportunities and capital maximisation in the market. While speaking on threats the era of individual globalisation poses, he hinted at activities like terrorism which is fuelled by the access individual terrorists have to huge reserves of arms and ammunitions. He concluded his lecture by emphasising that individuals today must be more responsible towards their actions because they are capable of impacting the world through these actions (youtube.com 2018). Some of the key drawbacks or risks living in a flat world are that undeserving groups of individuals like terrorists and hackers have access to huge reserves of technology, arms and financial capital. These individual groups often collaborate to attack countries and steal important data from governments and multinational companies. Their activities cause colossal loss to companies, their stakeholders, government, countries and the world at large (Imhonopi and Urim 2016). That is why access to resources which unauthorised individuals enjoy poses risks to the global welfare in the era of globalisation based on individuals. One cannot agree with Friedmans idea of flat world because the term refers to uniformity in the global economy. This is because people livings in all parts of the world do not enjoy uniform levels of access to resources. The developed and the emerging markets provide their people with resources to start business ventures. The people living in poorly developed economies on the contrary do not have access even to the basic necessities of life like food and water (Al Ariss and Sidani 2016). Hence, the idea of a flat or uniform world proposed by Friedman does not exist in reality and cannot be agreed to. The level of globalisation is not uniform across the world and in fact, is extremely diverse in nature. The developed economies like the US and the emerging economies like India experience a high level of globalisation. These countries are homes to multinational companies which own resources worth billions all over the world. These developed and emerging countries share products, talents and financial capital which result in generation of robust revenue (Imhonopi and Urim 2016). There are underdeveloped economies which are entirely dependent on these developed and emerging economies to meet even their basic necessities like food and medical supplies. These underdeveloped economies do not have many multinational companies and generate very low revenue (Dillahunt and Malone 2015). This shows that the level of globalisation is not same across the world-in some economies is the rate of globalisation is very high while in the poor countries it is very stagnant. Conclusion: One can conclude from the discussion that globalisation is not uniform all over the world. The developed and emerging markets should provide the underdeveloped markets with resources and help them to strengthen economically. The small firms in these three categories markets should adopt scientific management to maximise their production and revenue generation. The individuals today should be more responsible and ethical while using resources. They should use resources to carry out business ventures to bring about economic development and not to facilitate illegal activities like terrorism capable of causing long term damage to the global economy. References: Al Ariss, A. and Sidani, Y., 2016. Comparative international human resource management: Future research directions.Human Resource Management Review,26(4), pp.352-358. Becker, D.A., Orwig, M. and Pernsteiner, A., 2015. Symbolic Versus Substantive Regulatory Disclosure Requirements: The Case of Ford Motor Company in the Early 1900s.Accounting Historians Journal,42(2), pp.35-61. Benera, L., Berik, G. and Floro, M., 2015.Gender, development and globalization: economics as if all people mattered. Routledge. Dillahunt, T.R. and Malone, A.R., 2015, April. The promise of the sharing economy among disadvantaged communities. InProceedings of the 33rd Annual ACM Conference on Human Factors in Computing Systems(pp. 2285-2294). ACM. Ford Corporate. 2018.Ford Motor Company Timeline. [online] Available at: https://corporate.ford.com/history.html [Accessed 16 Jan. 2018]. Gandomi, A. and Haider, M., 2015. Beyond the hype: Big data concepts, methods, and analytics.International Journal of Information Management,35(2), pp.137-144. George, G., Haas, M.R. and Pentland, A., 2014. Big data and management.Academy of Management Journal,57(2), pp.321-326. Imhonopi, D. and Urim, U.M., 2016. The Spectre of Terrorism and Nigeria's Industrial Development: A Multi-Stakeholder Imperative.African Journal of Criminology and Justice Studies: AJCJS,9(1), p.20. Luning, P.A., Kirezieva, K., Hagelaar, G., Rovira, J., Uyttendaele, M. and Jacxsens, L., 2015. Performance assessment of food safety management systems in animal-based food companies in view of their context characteristics: a European study.Food Control,49, pp.11-22. Parkes, A., 2015. Lean management genesis.Management,19(2), pp.106-121. YouTube. 2018.Ford and Taylor Scientific Management (Edited). [online] Available at: https://www.youtube.com/watch?v=8PdmNbqtDdI [Accessed 16 Jan. 2018]. YouTube. 2018.Thomas Friedman's Three Eras of Globalization. [online] Available at: https://www.youtube.com/watch?v=lp4znWHvsjU? https://www.youtube.com/watch?v=oM2BguxRSyY [Accessed 16 Jan. 2018].

Wednesday, December 4, 2019

Enron Taking Advantage Of Accounting Limitations Accounting Essay Example For Students

Enron Taking Advantage Of Accounting Limitations Accounting Essay Enron was founded in 1985 by Kenneth Lay through a merge of Houston Natural Gas and Internorth. It owns 37,000 stat mis of grapevines for the usage of natural gas transit between manufacturers and public-service corporations. During the early 1980s, most of the contracts between gas manufacturer and grapevines were take-or-pay contracts. Few old ages subsequently, Enron profited from the alterations in ordinance of natural gas market that led to increased usage of topographic point market dealing. In 1988, Jeff Skilling suggested a gas trading concern by making a natural gas bank which turns out as a immense success. In 1992, the gas trading concern became a major subscriber to Enron s net income. However, they get downing to utilize off-balance sheet funding vehicles to finance these minutess. In the mid 1990s, Enron extended its concern to electric power, coal, steel, paper and mush, H2O and broadband overseas telegram capacity. Enron foremost developed the electric power marke t. They use peaking workss to run into power in demand during peak periods and had some successes in this market. In the late 1990s, Enron began utilizing plus visible radiation scheme where they merely hold heavy assets for the usage of bring forthing information. This scheme is so effectual until its gas fiscal trading represented 20 times its grapevine capacity by late 2000. Enron besides expanded their concern outside the U.S boundary line. Their subordinate was funded to build and pull off energy assets outside the U.S. which represented immense investings in the states economic systems. Though holding nucleus competency in pull offing grapevines, Enron still face many other hazards in international variegation such as political hazards. The Enron s complex concern theoretical account contributed to the autumn of Enron as it had created chances for Enron to take full advantages of accounting restrictions in pull offing its fiscal study. First, the trading concern in natural gas involved long-run contracts. In original, the accounting had been straight frontward by naming the existent cost of providing the gas and existent grosss received. However, Enron started to follow mark-to-market accounting, when a long-run contract was signed ; the present value of the watercourse of future influxs was recognized as gross while the present value of the expected cost of carry throughing the contract was recognized as disbursals. Therefore, the market value of unfulfilled additions and losingss under the contract were needed to be reported as one-year net incomes or losingss when they arose subsequently. This had created jobs in the fiscal study as Enron estimated the present value of the hereafter influxs even when there were serious inquiries about the viability of these contracts and their associated costs. Second issue was the exercising of particular purpose entities by Enron to insulate the house from fiscal hazards. Particular purpose entities are the shell houses created by patrons but funded by independent equity investors and debt funding. Harmonizing to by and large recognized accounting criterions, particular intent entity merely have to be consolidated with the house s concern when independent 3rd party have substantial equity interest in the particular intent entity which are at least 3 per centum of the particular purpose entity s entire debt and equity. This had turned Enron s balance sheet to be undependable when Enron was avoiding demoing some tantamount debts on balance sheet by exerting particular purpose entities. Other than that, the enlargement of Enron s new concern which were non executing every bit good as expected led to Enron s accounting jobs. .ubd7aa438bd81998ff10cde9a5d59dcf2 , .ubd7aa438bd81998ff10cde9a5d59dcf2 .postImageUrl , .ubd7aa438bd81998ff10cde9a5d59dcf2 .centered-text-area { min-height: 80px; position: relative; } .ubd7aa438bd81998ff10cde9a5d59dcf2 , .ubd7aa438bd81998ff10cde9a5d59dcf2:hover , .ubd7aa438bd81998ff10cde9a5d59dcf2:visited , .ubd7aa438bd81998ff10cde9a5d59dcf2:active { border:0!important; } .ubd7aa438bd81998ff10cde9a5d59dcf2 .clearfix:after { content: ""; display: table; clear: both; } .ubd7aa438bd81998ff10cde9a5d59dcf2 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .ubd7aa438bd81998ff10cde9a5d59dcf2:active , .ubd7aa438bd81998ff10cde9a5d59dcf2:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .ubd7aa438bd81998ff10cde9a5d59dcf2 .centered-text-area { width: 100%; position: relative ; } .ubd7aa438bd81998ff10cde9a5d59dcf2 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .ubd7aa438bd81998ff10cde9a5d59dcf2 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .ubd7aa438bd81998ff10cde9a5d59dcf2 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .ubd7aa438bd81998ff10cde9a5d59dcf2:hover .ctaButton { background-color: #34495E!important; } .ubd7aa438bd81998ff10cde9a5d59dcf2 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .ubd7aa438bd81998ff10cde9a5d59dcf2 .ubd7aa438bd81998ff10cde9a5d59dcf2-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .ubd7aa438bd81998ff10cde9a5d59dcf2:after { content: ""; display: block; clear: both; } READ: Rita Hayworth And Shawshank Redemption EssayHowever, all these jobs were undetected for long period due to several parties failed to acknowledge the jobs which including Enron s top direction, audit commission, external hearers, fund directors and sell-side analyst. Enron s top direction to a great extent used stock option to make outlook of rapid growing and its attempt to whiff up reported net incomes to run into Wall Street s outlook caused the jobs concealed. Audit commission did non observed the jobs occurred in the houses as they did non earnestly concerned about the development of Enron s concern and to a great extent relied on the information provided by direction, internal hearers every bit good as external hearers. Arthur Anderson, the external hearer of Enron was sued for utilizing slack criterions in their audits. There is a questionable struggle of involvement over the immense sum of confer withing fees paid by Enron to them. In add-on, Arthur Anderson besides failed to voice up sound concern opinion sing the minutess performed by Enron. The minutess were clearly designed for fiscal coverage instead than concern intent. At the tallness of their popularity, big institutional investor owned 60 per centum of Enron s stock. It drops to 10 per centum after the company announced its negative accounting issues in December 2001. There are some grounds that led fund directors in so slow in detecting the jobs in Enron. First, they were misled by the misstated fiscal statement or by sell-side analysts. Besides, their inducements to seek out high-quality information were besides hapless. Sell-side analysts were slow in acknowledging the jobs that occurred in Enron yet recommended Enron s portions to public even 2 months before Enron s bankruptcy. One of the common pattern in the industry was sell-side analyst tend to have fiscal inducements in urging Enron to their clients in order to back up their houses investing banking trades with Enron. Besides that, sell-side analysts relied to a great extent on internal information that provided by direction which caused analyst did non supply dependable analysis due to direction be given to non supply to analysts with critical and negative information. Mechanical, inflexible accounting criterions since old ages ago caused a company s fiscal study did non clearly reflect the fiscal hazard. The statements within Financial Accounting Standard Board ( FASB ) make things even worst when they did non come out with a satisfy criterions. Tonss of possible ways to forestall future Enron state of affairss arise due to the Enron instance. Independent managing of audit houses, such as Michigans confer withing concern or call off some types of audit clients audience was suggested by Securities and Exchange Commission. Some have proposed to curtail the regulations of alterations in stock options. Besides, there are houses ask foring foreigner as their board members and engage more professional fiscal officer, every bit good as guarantee more meetings and treatments among audit members and commissions. Other than those possible ways, there are few more cardinal ways may assist to work out fraudulent of fiscal coverage, such as alterations from Audit Committees to Transparency Committees. Audit commissions are fundamentally tosz assure that houses are following the general accepted accounting rules, where the functions of transparence commissions are guaranting that investors get equal information from houses and measure the effectivity of company s policies and determinations to help either internal or external parties understand the houses current state of affairs, public presentation and future hazards. Second, is to rethink the Auditor s Business Model. Successful hearer s concern theoretical account comprises of good audit house and profession hearers. A good managed audit houses hire more experts. Top direction gives right inducements to the right individual at the right clip. Failures are analyzed by experts. While hearers maximize their value of audits through supplying a t rue full set of houses public presentation and hazards to the investors, every bit good as minimising the costs and legal hazards of executing undertakings. Finally, is to by making an alternate environment for Institutional Investors. Capital market mediators such as analysts and investing banker supply unrealistic public presentation outlook and create unsustainable alterations in stock market monetary value, incentives for excessively aggressive, deceitful accounting, and for mismanaged houses. It is a must for investors to separate hearers from advisers, or sell-side analysts from investing bankers, other than have a deeper reconsideration of the ends, inducements and interactions among the capital market mediators. .ueea66c7432b650a2328b14e9ad1459bc , .ueea66c7432b650a2328b14e9ad1459bc .postImageUrl , .ueea66c7432b650a2328b14e9ad1459bc .centered-text-area { min-height: 80px; position: relative; } .ueea66c7432b650a2328b14e9ad1459bc , .ueea66c7432b650a2328b14e9ad1459bc:hover , . ueea66c7432b650a2328b14e9ad1459bc:visited , .ueea66c7432b650a2328b14e9ad1459bc:active { border:0!important; } .ueea66c7432b650a2328b14e9ad1459bc .clearfix:after { content: ""; display: table; clear: both; } .ueea66c7432b650a2328b14e9ad1459bc { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .ueea66c7432b650a2328b14e9ad1459bc:active , .ueea66c7432b650a2328b14e9ad1459bc:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .ueea66c7432b650a2328b14e9ad1459bc .centered-text-area { width: 100%; position: relative; } .ueea66c7432b650a2328b14e9ad1459bc .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .ueea66c7432b650a2328b14e9ad1459bc .postTitle { color: #FFFFFF; font-size: 16px; f ont-weight: 600; margin: 0; padding: 0; width: 100%; } .ueea66c7432b650a2328b14e9ad1459bc .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .ueea66c7432b650a2328b14e9ad1459bc:hover .ctaButton { background-color: #34495E!important; } .ueea66c7432b650a2328b14e9ad1459bc .centered-text { display: table; height: 80px; padding-left: 18px; top: 0; } .ueea66c7432b650a2328b14e9ad1459bc .ueea66c7432b650a2328b14e9ad1459bc-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .ueea66c7432b650a2328b14e9ad1459bc:after { content: ""; display: block; clear: both; } READ: Michelangelo Buonarroti Persuasive Essay

Thursday, November 28, 2019

Strife monologue from the play by John Galsworth Essay Example For Students

Strife monologue from the play by John Galsworth Essay A monologue from the play by John Galsworthy NOTE: This monologue is reprinted from Strife and Other Plays. John Galsworthy. Arlington: Black Box Press, 2008. ANTHONY: We have been made the subject of an attack. I take it on my shoulders. I am seventy-six years old. I have been Chairman of this Company since its inception two-and-thirty years ago. I have seen it pass through good and evil report. My connection with it began in the year that this young man was born. I have had do to with men for fifty years; I\ve always stood up to them; I have never been beaten yet. I have fought the men of this Company four times, and four times I have beaten them. It has been said that I am not the man I was. However that may be, I am man enough to stand to my guns. The men have been treated justly, they have had fair wages, we have always been ready to listen to complaints. It has been said that times have changed; if they have, I have not changed with them. Neither will I. It has been said that masters and men are equal! Cant! There can only be one master in a house! Where two men meet the better man will rule. We will write a custom essay on Strife monologue from the play by John Galsworth specifically for you for only $16.38 $13.9/page Order now It has been said that Capital and Labour have the same interests. Cant! Their interests are as wide asunder as the poles. It has been said that the Board is only part of a machine. Cant! We are the machine; its brains and sinews; it is for us to lead and to determine what is to be done, and to do it without fear or favour. Fear of the men! Fear of the shareholders! Fear of our own shadows! Before I am like that, I hope to die. There is only one way of treating men—with the iron hand. This half and half business, the half and half manners of this generation, has brought all this upon us. Sentiment and softness, and what this young man, no doubt, would call his social policy. You can\t eat cake and have it! This middle-class sentiment, or socialism, or whatever it may be, is rotten. Masters are masters, men are men! Yield one demand, and they will make it six. They are like Oliver Twist, asking for more. If I were in their place I should be the same. But I am not in their plac e. Mark my words: one fine morning, when you have given way here, and given way there—you will find you have parted with the ground beneath your feet, and are deep in the bog of bankruptcy; and with you, floundering in that bog, will be the very men you have given way to. I have been accused of being a domineering tyrant, thinking only of my pride—I am thinking of the future of this country, threatened with the black waters of confusion, threatened with mob government, threatened with what I cannot see. If by any conduct of mine I help to bring this on us, I shall be ashamed to look my fellows in the face.