...of communication, difficult to integrate different organizational culture and wrong strategy used. There is often a joint venture plans consisting of nothing more than a statement of each party’s intended contributions to the project and their respective share of the profits. Failure in planning indicated an incomplete plan. Objective, mission and vision for a company would not be achieved without a concrete plan. Apparently, in order to be successful, a joint venture business ought to ready a written document, which is consisting of entire plan throughout an organization, and it must be agreed by all parties. Lack of communication would be another common failure to joint venture. Communication plays an important role in order to bond everyone within an organization as an individual. What if an organization does not communicate their objective, goal clearly? It may lead misunderstanding even worse situation. Different culture among individual within organization is a main cause to misunderstanding. Lack of communication with other due to different background of people because they are using different language, will finally convey a vague message and end up with misunderstanding. Next, joint venture represents combination of two or more companies. The joint venture partner firms may have different corporate cultures, view and management style, resulting in poor integration and corporation. Hence, in assessing partner firms, an organization should perform the same compatibility...
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...Diversity image Table of Contents Executive Summary Businesses as a rule consist of various structures, whether in its people, customers, or board members. With that being said, I have chosen to audit the diversity within the global organization: United Parcel Service (UPS). The diverse makeup of this company shows the assorted roles within each department from corporate management down to the actual labor force doing the work. Conversely, without proper management skills, managers could neglect to acknowledge the role of each part of the corporate structure. Consequently, a distinctive form of audit is necessary, an audit that can deliver information of how well UPS manages the diversity of its resources. In order to perform this audit properly, a set of sound quantitative and qualitative criteria is required. I will be evaluating the diversity initiatives of UPS, one of the most prolific package delivery service companies in the world. The assessment will indicated whether or not UPS has a sound ability of diversity management. Diversity Audit UPS Organizational Background I.1. Corporate History Currently, United Parcel Services Inc. is the largest package delivery company and leading universal provider of specialized shipping and logistics services in the world in terms of delivery scale. UPS delivered more than 10 million packages to millions of destinations in 200 countries, with over 462,000 employees in 2008. Initially UPS was established as the American...
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...Running head: ASSESSING ORGANIZATIONAL CULTURE 1 Assessing Organizational Culture Aaron L. Bedingfield Southern Nazarene University - T-51 Master in Business Administration T 51 BADM 6123 Organizational Communications Professor, Rebecca Marks-Jimerson (Ruth) ASSESSING ORGANIZATIONAL CULTURE Assessing Organizational Culture In the life of any healthy organization there are always times that the culture must be examined and pronounced healthy, or correctly diagnosed for change. Typically the first 2 assessment a potential employee goes through is the general culture check, to see if they are a fit for the culture of the organization. Most often where this can go awry is when the organizational culture is unclear, incorrectly defined, or has no real stability. These types of cultures tend to morph constantly based on moods or fads. What most organizations do is attempt to capture the culture and describe it in written details. Organizations do this by distilling their beliefs and ideals into corporate policies and procedure manuals, which are commonly referred to as employee handbooks. The “Employee Handbook” now becomes the main purveyor of the company culture to the new employee, and the mentoring and journeyman apprenticing roles that once dominated our workforces has all but disappeared. Transfer of the culture really only happens when humans interact with one another. Yes, it is good to have some written guidelines and informational understanding, but the real...
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...TABLE OF CONTENTS EXECUTIVE SUMMARY 3 MERGERS & ACQUISITIONS 4 DISTINCTION BETWEEN MERGERS AND ACQUISITIONS 5 TYPES OF MERGERS AND ACQUISITONS 7 Horizontal Merger 7 Vertical Merger 7 Co-Generic Merger 7 Conglomerate Merger 7 RECENT EXAMPLES 8 REASONS FOR MERGERS AND ACQUISITIONS 10 Growth of the company 10 Synergy 10 Diversification and expansion 11 Elimination of competition 11 × REASONS WHY MERGERS AND ACQUISITONS CAN FAIL 12 No common vision 12 Weak leadership and poor governance 12 Poor strategic fit 12 Cultural and Social Differences 13 Incomplete and Inadequate Due Diligence 13 Poorly Managed Integration 13 Overpaying the target company 13 Changing market condition 13 ARTICLE STATING REALITIES OF M&A for HR 14 SUCCESS MANTRA for M & As 15 Cultural integration 15 Change Management 16 Management resources 16 Role of HR in M&A’s 18 Three Stage Model of Mergers and Acquisitions 21 Stage 1-Pre-Combination (HR Issues): 21 Stage 2-Combination and Integration (HR Issues): 22 Stage 3: Solidification and Assessment (HR Issues): 22 Role of the HR Department in M&A Activity 23 INDUSTRY EXAMPLE – Schnieder 26 Challenges due to acquisitions 26 Industry Example – MTS 29 Conclusions 30 At the Company Level 30 At the HR Level 31 REFERENCES 33 EXECUTIVE SUMMARY Mergers and acquisitions, as a means of rejuvenating and restoring business, have become increasingly popular...
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...MARKETING PROCESSES 1 DEVELOPING MARKETING STRATEGIES AND PLANS • Corporate and division strategic planning All corporate headquarters undertake four planning activities: a. Defining the corporate mission. b. Establishing strategic business units (SBUs). c. Assign resources to each SBU. d. Assessing growth opportunities. 1. Defining the Corporate Mission Key questions to ask: What is our business? Who is the customer? What is of value to the customer? What will our business be? What should our business be? Mission statements are best when guided by a “vision” that provides direction for the company. [pic] Good mission statements have three major characteristics: a. Focused on a limited number of goals. b. Stresses the company’s major policies and values. c. Defines the major competitive spheres within which the company will operate by defining the: o Industry. The range of industries in which a company will operate. Some companies will operate in only one industry; some only in a set of related industries; some only in industrial goods, consumer goods, or services; and some in any industry. o Products and applications. Range of products and applications a company supply. o Competence. The range of technological and other core competencies that a company will master and leverage. o Market-segment. The type of market or customers a company will serve. o Vertical. The number of channel levels from...
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...EXECUTIVE SUMMARY This report is prepared to gain insights on the reasons for the collapse of Hastie Group Limited which is known as the top international designer, maintainer and installer of technical services to the infrastructure and building sector. Hastie has well established operations in Australia, the United Kingdom and the Middle East. The report begins with the introduction about the company and how and when it collapsed. The report further includes the major points extracted from the report issued by PPB Advisory, the administrators of Hastie Group. The major content of this report is focused towards the Auditing Issues within the Hastie Group that contributed towards its collapse. The Hastie group was audited by the Deloitte Touche Tohmatsu in 2011. The auditing issues mainly cover Auditor’s Breaches of duty and the potential claim against the auditors. Overall this report would help provide a better picture of the collapse of Hastie Group and the course of action followed. INTRODUCTION Hastie Group Ltd. is known as the top international designer, maintainer and installer of technical services to the building and infrastructure sector. Hastie Group has well established in Australia, the United Kingdom and the Middle East. In 1970, the Australian subsidiary of Hastie Group was formed in Sydney. The business quickly expanded into Perth and won prestigious contracts such as the Darling Harbour Exhibition Centre, Sydney Futures Exchange, Hyatt Hotel Canberra...
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...Organizational Culture and Its Effect on Employees The organizational culture of a company can have a significant impact on the attitudes of employees. The culture of an organization is the foundation that sets the tone for all interactions with the company, including the day to day activities of its agent (the employee). The perceptions and attitudes of an employee are influenced by the tone set by the organization. It is this foundation upon which rests the success (or failure) of the company. When assessing the impact of an organization’s culture, one must look at the positive and negative impact culture has on the internal environment and, by extension, the employees of that organization. The culture of a company can have both positive and negative effects on the internal environment of the organization and appear to be interrelated. Generally speaking, if a corporate culture is positive, the internal and external environment will be positive. A positive culture promotes innovation, team work and personal accountability. The positive culture is not just in written form, it is implemented, even tangible. “An organization that is able to maintain a positive culture is likely to enjoy many benefits. When organization members identify with the culture, the work environment tends to be more enjoyable, which boosts morale. This leads to increased levels of teamwork, sharing of information, and openness to new ideas.” (Golnaz & Lees, 2001). A company with a positive...
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...Table of Content 1.0 Executive Summary 2.0 Introduction 3.0 Mission Statement 4.0 Core Values 5.0 Corporate Values 6.0 Corporate Culture 7.0 Corporate Culture Affect Managers 8.0 Levels of Culture 9.0 Assessing Organisational Culture 9.1 Innovation and Risk-taking 9.2 Attention to Details 9.3 Outcome Orientation 9.4 People Orientation 9.5 Team Orientation 9.6 Aggressiveness 9.7 Stability 10.0 Cultural Web 11.0 Right Culture and right values 12.0 Disadvantage of an Organisation with the Wrong Culture and Wrong Values 13.0 “Right Culture with the Right Values will always produce the best organizational performance” 14.0 Conclusion References 1.0 Executive Summary In this business report, Singapore International Airlines (“SIA”) is the company has been chosen to be the topic for discussion. There will be a few factors that will be discussed. Examples like different culture changes an organization’s competitiveness in the market. We will also be evaluating various objective and methods on how an organization can improve, develop and influence to build a stronger management process. The objective of this report is to analyse and explain how SIA, a Singapore company changes its culture to suit a dynamic changing environment and became a successful company with its corporate values and cultures. 2.0 Introduction Singapore Airlines’ history can be traced back to 1st May 1947. That was when a Malayan Airways Limited Airspeed Consul flew from Singapore...
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...2 Chapter The Management Environment Copyright ©2015 Pearson Educa9on, Inc. 2-‐1 Learning Outcomes • Explain what the external environment is and why it’s important. • Discuss how the external environment affects managers. • Define what organiza9onal culture is and why it’s important. • Describe how organiza9onal culture affects managers. Copyright ©2015 Pearson Educa9on, Inc. 2-‐2 2.1 Explain what the external environment is and why it’s important. Copyright ©2015 Pearson Educa9on, Inc. 2-‐3 External Environment Factors, forces, situa9ons, and events outside the organiza9on that affect its performance. Copyright ©2015 Pearson Educa9on, Inc. 2-‐4 Components of the External Environment Copyright ©2015 Pearson Educa9on, Inc. 2-‐5 How Has the Economy Changed? • Turmoil in mortgage markets • Spread to businesses • “Great Recession” • Foreclosures, unemployment, public debt, and social problems Copyright ©2015 Pearson Educa9on...
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...Assignment 1 Assignment 1: “The American Red Cross (ARC) Shonnette P. Ferebee Dr.Jack Huddleston HRM 522 Ethics and Advocacy for HR Professionals July 22, 2012 2 Determine the impact of this event on ARC’s benefits of business ethics” (employee commitment, investor loyalty, customer satisfaction, and bottom line. Ferrell, Fraedrich and Ferrell (2011) stated that the ARC is an independent organization, supported by the public donations and volunteerism (p.327). ARC mission is offer relief to people of catastrophes and help them prepare for and answer to emergencies. Ferrell, Fraedrich and Ferrell (2011) mentioned that The ARC has had to report allegations of fraud, bribery, and even theft on the part of volunteers and employees working for the organization (pg.327). This had a bad impact on the employee commitment and investor loyalty standpoint. It lead to ARC having to deal with a number of inside trials due to high turnovers, as well as charges of over payment and possible dishonesty among its board of directors and upper management. We know that dishonesty is having a lack of truthfulness, which has a great impact on ARC benefits of business ethics. Clara Barton founded the ARC in 1881 and was enthused by the work of the International Red Cross while on a trip to Europe during the Franco-Prussian War of 1870-1871(p.327). The ARC is one of the many organizations chartered by the U.S government, receiving its first federal charter in 1900(p.327). The ARC employee...
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...1. Define organizational culture and discuss its three layers. Organizational culture represents the shared assumptions that a group holds. It influences employees' perceptions and behavior at work. The three layers of organizational culture include observable artifacts, espoused values, and basic assumptions. Artifacts are the physical manifestations of an organization's culture. Espoused values represent the explicitly stated values and norms that are preferred by an organization. Basic underlying assumptions are unobservable and represent the core of organizational culture. 2. Discuss the difference between espoused and enacted values. Espoused values represent the explicitly stated values and norms that are preferred by an organization. Enacted values, in contrast, reflect the values and norms that actually are exhibited or converted into employee behavior. Employees become cynical when management espouses one set of values and norms and then behaves in an inconsistent fashion. Chapter Scan Corporate cultures provide identifying characteristics and values for organizational members to appreciate and learn. Cultures are distinguished by artifacts, values, and basic assumptions. The socialization process is the entry stage in an organization that provides clues about its culture. Cultures are difficult to change, yet change is necessary in some instances for survival. Organizations need an adaptive culture in order to respond effectively to the...
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...ANALYSIS OF THE CULTURE OF AN ORGANIZATION The Student’s Name The Name of the Class Professor The Name of the University The city and State where it is Located The Date Contents 1.0 Background to the Organization...........................................................................................4 2.0 Theoretical Framework.........................................................................................................5 3.0 Discussion of Central Topic..................................................................................................8 4.0 Conclusions and Recommendations.....................................................................................13 References..................................................................................................................................14 List of Figures Fig: 2.0 Diagrammatic representations of Hofstede’s cultural dimensions...............................7 AN ANALYSIS OF THE CULTURE OF AN ORGANIZATION 1.0 Background to the Organization Organization culture is a predominant aspect of an organization’s internal environment Azhar (2003). Culture, to some extent, influences performance and efficiency in an organization Rousseau (2000). Every organization has its unique culture that differs from that of other corporate Schein (2004). For purposes of this report I chose IKEA group, I will conduct an in-depth analysis of its culture using the appropriate...
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...ANALYSIS OF THE CULTURE OF AN ORGANIZATION The Student’s Name The Name of the Class Professor The Name of the University The city and State where it is Located The Date Contents 1.0 Background to the Organization...........................................................................................4 2.0 Theoretical Framework.........................................................................................................5 3.0 Discussion of Central Topic..................................................................................................8 4.0 Conclusions and Recommendations.....................................................................................13 References..................................................................................................................................14 List of Figures Fig: 2.0 Diagrammatic representations of Hofstede’s cultural dimensions...............................7 AN ANALYSIS OF THE CULTURE OF AN ORGANIZATION 1.0 Background to the Organization Organization culture is a predominant aspect of an organization’s internal environment Azhar (2003). Culture, to some extent, influences performance and efficiency in an organization Rousseau (2000). Every organization has its unique culture that differs from that of other corporate Schein (2004). For purposes of this report I chose IKEA group, I will conduct an in-depth analysis of its culture using the appropriate...
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...planning and performance. Strategic planning also minimizes uncertainty when a company is facing continual changing situations, and another reason is that companies are complex and diverse so finding a way for each department to reach the organization’s goal is essential. The Strategic Management Process: -Identifying the organization’s current mission, goals and strategies: Mission: A statement of the purpose of an organization. Goal: It sets what the organization should achieve and it sets standards for measuring performance. -Doing an external analysis: (swOT) The environmental scanning of specific and general environments, Focuses on identifying opportunities and threats -Doing and internal analysis: (SWot) Assessing organizational resources, capabilities, and activities: -Strengths create value for the customer and strengthen the competitive position of the firm. -Weaknesses can place the firm at a...
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...Fraud and Forensic Accounting Forensic Services → are directed to delivering solutions to clients for issues where there is disagreement about facts, or where business-related behavior is not in accordance with expectations or standards. → Forensic means "suitable for use in a court of law" Forensic Accountants → are experienced auditors, accountants, and investigators of legal and financial documents that are hired to look into possible suspicions of fraudulent activity within a company; or are hired by a company who may just want to prevent fraudulent activities from occurring. HISTORY OF FORENSIC SERVICES • Northern Hemisphere (North America and UK) evolved during late eighties and early nineties. • Australia evolved only during 1998. Before 1998, forensic services were provided by accounting practitioners on an ad hoc basis. TYPES OF FORENSIC SERVICES *Note: Forensic Services have been reactive rather than proactive. • Reactive → Tending to be responsive or to react to a stimulus. • Proactive → Acting in advance to deal with an expected difficulty; anticipatory DISAGREEMENT OVER FACTS – REACTIVE SERVICES o Expert Witness Services → Forensic accountant’s role may be in the capacity of the expert witness. → Expert witness will produce a report that will be filed in court and upon which they will give evidence and be cross-examined. o Valuation Services → Determines the...
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