...Team A – One in Diversity Final Report 2011 One in Diversity Members: Janet Knowlden Ximena Garrido Donna Smith Theresa Henderson Robin Lewis Financial Analysis To ensure effective financial forecasting, an owner of a small business firm should have developed a complete set of projected financial statements. These projected financial statements, often times referred to as pro forma financial statements, assist in forecasting future levels of balance sheet accounts as well as profits and anticipated borrowing. Concurrently, projected financial statements become the small business owner's financial plan. (Vrouvas, 1999-2011) The significance of financial planning is that a firm's top leadership is afforded the ability to evaluate their company’s operating performance. Through evaluation and analysis of financial information, senior managers are able to determine how financials affect business decisions and corporate profitability. Additionally, external users of financial data, such as a lender, a customer or a supplier, are able to measure a company's financial healthiness by reviewing its operating data and informational assumptions used in preparing projected financial statements. The function of financial analysis is to provide a corporation's top leadership with information to examine financial statements for many purposes, such as its financial standing and company profitability based on annual reports. “Accurately and honestly communicating your company's strengths...
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...being an increase in diversity than a decline in diversity. If we think of societies that have very well developed markets—for example the United States—what we find happening is not that everyone, for instance, buys or listens to the same kind of music. As markets have allowed suppliers to deliver products to consumers, we’ve seen a blossoming of different genres of music. In the 20th century the United States evolved rock and roll, rhythm and blues, Motown, Cajun music, many different kinds of jazz—ragtime, swing, stomp—heavy metal, rap. The list goes on. When I look at the empirical evidence from societies with well-developed market economies, I find that what people want to buy is not fixed or biologically constructed. When the cost of supplying products goes down, people tend to use culture to differentiate themselves from other people, to pursue niche interests, to pursue hobbies. It’s the poorer or more primitive societies in which people specialize in one type of consumption. If you go to pygmy society in the Congo, for Critics of globalization contend that, even if increased trade promotes material prosperity, it comes with a high spiritual and cultural cost, running roughshod over the world’s distinctive cultures and threatening to turn the globe into one big, tawdry strip mall. George Mason University economist and Cato adjunct scholar Tyler Cowen has for years been one of the most insightful and incisive debunkers of that view. At a recent Cato Book Forum, Cowen discussed...
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...being an increase in diversity than a decline in diversity. If we think of societies that have very well developed markets—for example the United States—what we find happening is not that everyone, for instance, buys or listens to the same kind of music. As markets have allowed suppliers to deliver products to consumers, we’ve seen a blossoming of different genres of music. In the 20th century the United States evolved rock and roll, rhythm and blues, Motown, Cajun music, many different kinds of jazz—ragtime, swing, stomp—heavy metal, rap. The list goes on. When I look at the empirical evidence from societies with well-developed market economies, I find that what people want to buy is not fixed or biologically constructed. When the cost of supplying products goes down, people tend to use culture to differentiate themselves from other people, to pursue niche interests, to pursue hobbies. It’s the poorer or more primitive societies in which people specialize in one type of consumption. If you go to pygmy society in the Congo, for Critics of globalization contend that, even if increased trade promotes material prosperity, it comes with a high spiritual and cultural cost, running roughshod over the world’s distinctive cultures and threatening to turn the globe into one big, tawdry strip mall. George Mason University economist and Cato adjunct scholar Tyler Cowen has for years been one of the most insightful and incisive debunkers of that view. At a recent Cato Book Forum, Cowen discussed...
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...The theme of this book is individual-rights verses public-order, specifically; the rights guaranteed by the constitution to criminal suspects and law abiding citizens need to be upheld and defended. On the public-order side of things, the needs of communities to be protected from unlawful and/or harmful behavior must be recognized as well. These two sides have opposing groups: individual-rights advocates and public-order advocates. Individual-rights advocates focus on just that. They make sure the rights of citizens and suspects are both upheld (like the right to a speedy trial and bail). Public-order advocates are there to make sure that the public (communities) are also protected from unacceptable behavior... Describe the American experience with crime during the last half century. What noteworthy criminal incidents or activities can you identify during that time, and what social and economic conditions might have produced them? The American experience with crime during the last half century has been especially influential in shaping the criminal justice system of today. Although crime waves have come and gone, some events during the past century stand out as especially significant, including a spurt of widespread organized criminal activity associated with the Prohibition years of the early twentieth century; the substantial increase in “traditional” crimes during the 1960s and 1970s; the threat to the American way of life represented by illicit drugs around the same time;...
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...Background 2. Managing Diversity 3. Competitive Advantage IV. Mc DONALD’S IN INDIA V. Mc DONALD’S IN CHINA 1. Training Local Staff 2. Fast Food wages scandal in China VI. CRITIQUES 1. Arguments in defense VII. CONCLUSSION VIII. REFERENCES I. INTRODUCTION The report is a discussion of the different perspectives of labor relations in McDonalds located in 2 different countries, which are India and China. Our report is partly based on some aspects of ‘Managing Diversity’ in the workplace and also about International Human Resource Management. The topic is quite complex. The management of this global company involves dealing with cultural issues but at the same time sharing similar practices. The first part of this report contains the case study which involves some aspects of how McDonald’s manages diversity and also the techniques in the HR department which allow the company to leverage diversity to their advantage. The main point that should be considered in the analysis of the organization is whether or not McDonald’s is effectively integrating culturally diverse employees. We try to answer this question based on relevant theories of diversity. 1. Practical issues to be considered: 1. How their diverse work force contributed to the company’s international growth? 2. How corporate has managed to use their diversity as a tool to create a competitive...
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...The Importance of Diversity Elements in the Nursing Profession This paper consists of various elements of diversity and how they affect the nursing profession. Interpreting the underrepresentation of minority groups in the workplace. The purpose of this paper is to discuss how the nursing profession can benefit in numerous ways from being culturally competent and recognizing minority groups exist in the workplace. Importance of Diversity in the Workplace Nursing has a long history of being uniform from the nursing attire, all the way down to the education and practice (Bednorz, Schim, & Doorenbos 2010, p. 254). According to "Culturally Competent Nursing Care and Promoting Diversity in Our Nursing Workplace," (2015) "Diversity awareness refers to an active, ongoing conscious process in which we recognize similarities and differences within and between various cultural groups" (p. 10). There are several reasons why nurses should examine the impact of diversity in the nursing profession. For the nurse to provide safe, adequate healthcare delivery it requires cultural awareness, knowledge, and skills. "Culturally Competent Nursing Care and Promoting Diversity in Our Nursing Workplace," (2015) reports the importance of diversity awareness is imperative due to federal regulations on discrimination, competitive healthcare, population diversity and increasing health disparities (p. 7). "Culturally Competent Nursing Care and Promoting Diversity in Our Nursing Workplace," (2015)...
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...Diversity is an aspect of life that is almost inescapable, especially in the workplace. As we go about our daily lives, we are surrounded by people and cultures that differ from what was once considered the typical American lifestyle. There are endless options of food, music and social activities allowing us a small chance to experience and explore what life is like in other countries. Businesses are also recognizing the need and importance of diversity. Many have begun investing in diversity and inclusion as part of their overall management structures. To continually challenge their practice, organizations are striving to make the connection between those principles and their corporate performance (Chaney & Martin, 2014). This paper will explore some of the key issues regarding diversity in the US and India. Cultural variations, communication and management styles will be examined for a more in depth look at the ever changing corporate environment. Cultural Variations Carol Milano (2012) with ASME.org analyzes that in the United States, especially in large cities, a “time is money” attitude is common. Often working professionals appear to be in a rush, which gives the impression that Americans tend to get down to business rather quickly. Many countries have a different perspective and work ethic, where people are not in such a hurry. They may prefer to get to know a colleague before they start working together, which reiterates the fact that teamwork is an area rich...
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...MANAGING DIVERSITY The Managerial Implication of an Increasing Diversity in Workforce Author/Student Note:Bong joseph laila ,MBA Student; Frederick Taylor University Moraga CA USA. This Research paper was conducted independently without any funding support nor groupwork;all correspondences should be addressed to josephlaila86@gmail.com. Managing Diversity Abstract Diversity means different things to different organizations.True diversity management articulates and raises performance standards by requiring organizations to learn to recruit, train and support people. Finding ways of working with diverse people involves valueing and utilizing differences as well as finding a common ground for intergrating a mix of people into organizations.This paper shows that organizations more often prefer a more diversified workforce basically because it makes business sense.By maximizing talent,fostering innovation;and tapping into the creativity of a diversified workforce;the altimate result will be increased profits,increase competivity and organizational effectiveness as a whole. Managing Diversity Introduction Between the 1960s and the 1970s management approach layed emphasis on eliminating unfair discrimination through legal compliance for women and ethnic minorities.This was the affirmative action approach which “focuses on achieving equality of opportunity in an organization and...
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...PhD. Week 9 Final Assignment My experience in this Culture Diversity course has given me a new insight and thought provoking information that has helped me to relate and understand diversity in a new and different way than I had before. Diversity can be such an interesting topic. When one mentions the word “diversity” several things come to mind. An most often, the first thing that comes to mind is the diverse culture, right here in America. To gain a better understanding of all the different cultures around the World. A person could spend their lifetime traveling around the world, from one culture to another. Why do that? When all one has to do is sit back and take in the daily occurrences and experience everything around them. Right here in America. It is hard to find a country more culturally diverse than our very own, and yet we fail to see it. There are several reasons why one could fail to see all this diversity, whether it be a lack of understanding or just a lack of willingness to understand. For a country that is called “the melting pot” (Schaefer, 2012, p.24), we certainly still have a prevalent degree of prejudice and discrimination. Some would call it a lack of insight and willingness to grow, I prefer to call it ignorance and fear. Fear of differences and change. Diversity is the inclusion of different types of people from different races and culture in a group of organization. Diversity is valued because it allows all of us human being to be equal, as...
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...educate the international public about the intellectual, cultural, and political diversity of the Asian American and Pacific Islander. The Asian American Studies grew out of the social movements and civil struggles of the 1960’s and 1970’s. This organization has a number of helpful links for managers to access that address issues such as biases against diverse ethnic and immigrant communities of Asian American and Pacific Islander populations. I specifically liked the connection this information has that can be utilized for Asian community development. For example: 1. Fellowships and Scholarships 2. Service Learning and Internship Program 3. Student Leadership Development and Organizational Development I chose to elaborate on the Student Development and Organization Development, because these student organizations prepare students in leadership through campus and community issues, work on campus, and alumni groups. These organizations are good resources for companies who are looking for future talent with leadership and organizational skills. 2. Diversity Resources http://www.diversityresources.com/ Summary of the information found on this site: Diversity Resources publishes diversity and multicultural educational and training materials for organizations. The products they offer includes electronic multi-media multicultural calendar, video and print training materials, e-Learning, and books on cross-cultural competence in health care. This organization has a number of...
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...Assignment: Learner information OCR Level 3 Health and Social Care Unit 2: Equality, Diversity and Rights in Health and Social Care Assessor: Important Dates | |Assessment Criteria |Issue Date |Formative Assessment |Summative Assessment | |Task 1 |P1, M1 and D1 | | | | |Task 2 |P2 and P3 | | | | |Task 3 |P4, M2, D2 | | | | |Task 4 |P5 and M3 | | | | CANDIDATE NAME: General Information for Learners Q Do I have to pass this assignment? A Yes. You must pass this assignment to achieve the full qualification. Q What help will I get? A Your tutor will help you when completing the OCR assignment and will make sure that you know what resources/facilities you need and are allowed to use. Q What if I don’t understand something? A It is your responsibility to read the assignment carefully and make sure you understand what you...
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...Assignment: Learner information OCR Level 3 Health and Social Care Unit 2: Equality, Diversity and Rights in Health and Social Care Assessor: Important Dates | |Assessment Criteria |Issue Date |Formative Assessment |Summative Assessment | |Task 1 |P1, M1 and D1 | | | | |Task 2 |P2 and P3 | | | | |Task 3 |P4, M2, D2 | | | | |Task 4 |P5 and M3 | | | | CANDIDATE NAME: General Information for Learners Q Do I have to pass this assignment? A Yes. You must pass this assignment to achieve the full qualification. Q What help will I get? A Your tutor will help you when completing the OCR assignment and will make sure that you know what resources/facilities you need and are allowed to use. Q What if I don’t understand something? A It is your responsibility to read the assignment carefully and make sure you understand what you...
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...The textbook defines diversity as “the human characteristics that make people different from one another” (Gomez, 2010). It may also be defined as “valuing all the ways we are similar and different” (Reese 2009, p. 53). 1. First, should he or others attempt to respond to negative reactions to the composition of the new EC? What should they say? To whom? When? How? It would be wise for Voser to get in front of the negativity voiced by some members of the organization before it festers into discontent and organizational tension. “Voser did not think it appropriate to measure his commitment to diversity and inclusion by looking only at the group of eight people at the very top of Shell” (Sucher 2020, p.1). It is important that Voser points out that the creation of the new Executive Committee (EC) does not represent the efforts of the organization to be both diverse and inclusive. He should reaffirm throughout the ranks that the mission will continue to be diversity and an atmosphere that encourages inclusion. It is pretty obvious from reading the case that the committee does not adequately reflect the culture that has been devised within the Royal Dutch Shell Company. I feel that it is important that this issue of negativity be dealt with and not overlooked. If left unattended it could lead to distrust, skepticism, and low morale amongst the employees. It should be handled properly and promptly before the situation becomes critical. As a new CEO, Voser needs to quickly clarify...
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...Integrating Culture and Diversity in Decision Making: The CEO and Organizational Culture of XEROX Tamico Little BUS520 Leadership and Organizational Behavior Professor Laura Jones Strayer University October 28, 2013 Integrating Culture and Diversity in Decision Making: The CEO and Organizational Culture of XEROX Company Overview Xerox is an American multinational company with its headquarters in Norwalk, Connecticut. The company was established in 1906 as a photographic paper and related equipment company under the name The Haliod Photographic Company. In 1958, the company changed its name to Haliod Xenon and later to Xenon in 1961. The name Xenon was derived from xerography which refers to the technology of dry printing. Xerox has a joint venture with Fuji Photo Film Company. Xerox also has subsidiaries like Xerox India and NewField IT. The company is presently engaged in a wide range of document and technology solutions including photocopiers, printers, document supplies and office technology consultancy services. According to Hoover's (2013) Xerox has grown from just a document company to both an information technology and document outsourcing company. Xerox's Organizational Culture In my view, Xerox has embraced the culture of diversity, opportunity and inclusion (Xerox, 2009). Xerox believes that employees bring to the organization different ideas and perceptions. These assets help employees from a diversity of backgrounds and cultures to create innovative solutions...
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...During the course of this class, I have learned a great deal more than I expected to. When we were studying diversity, I found the graphs, charts, and other statistical data extremely informational. I learned a lot about ethnic groups that I had never really thought about before. Also, I never thought I would find as much interesting information as I did about many ethnic groups and even religions. The statistics and other information that I have read about have helped me to have a better understanding about how diverse the United States really is. Before I took this class, most of the Latino Americans that I had met had been in a better economic status that I had or have ever been in. I tended to think that the majority of Latino Americans had that same status. I now understand that the majority of Latino Americans are in the same socioeconomic status as me and my family. While we were talking about genocide, the discussion prompted to me to do some added research. I have a better understanding of how the genocide came about as well as the consequences that were created because of it. I have a better understanding of the guilt that was felt in the aftermath by the ones that condoned the genocide. When I was younger, I felt that it was unfair for the Native Americans to be given so many privileges that only they were allowed, and as I grew up I became confused by the things that they could do that we couldn’t. The research that the discussion on genocide helped me to gain a...
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