...12345) Mid-Term Exam – Review Questions 1) All of these are pitfalls an organization should avoid in strategic planning EXCEPT (Ch. 1) Some pitfalls to watch for and avoid in strategic planning are these: Using strategic planning to gain control over decisions and resources Doing strategic planning only to satisfy accreditation or regulatory requeriments Too hastily moving from mission development to strategy formulation Failing to communicate the plan to employees, who continue working in the dark Top managers making many intuitive decisions that conflict with the formal plan Top managers not actively supporting the strategic-planning process Failing to use plans as a standard for measuring performance Delegating planning to a “planner” rather than involving all managers Failing to involve key employees in all phases of planning Failing to create a collaborative climate supportive of change Viewing planning as unnecessary or unimportant Becoming so engrossed in current problems that insufficient or no planning is done Being so formal in planning that flexibility and creativity are stifled 2) The strategic-management process represents a(n) logical , systematic , and objective approach for determining an enterprise's future direction. 3) Strategic Management is used to refer to strategic formulation, implementation and evaluation, with strategic planing referring only to strategic formulation. 4) Which statement best describes intuition...
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...consumers have ‘the right to know’ as they cannot make an informed decision without relevant information. Therefore the Automobile manufacturer in the film, by denying the consumers information regarding the fault, they deny them their freedom of choice and are responsible for the Injuries caused. According to chapter 8 of the book, under the general principles of contract and commercial law, neither mechant nor consumer buyers have a ‘right to know’. Therefore the organisation in class Act would not be obliged to disclose the fault under contract and commercial law alone. Governments generally obligate companies to disclose relevant information on their products and/or services. According to the book, this is done partly as a form of self regulation. It also acknowledges that consumers have little opportunity to negotiate for relevant information at any point before or after purchase. Deceptive practices as defined...
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...Industry/Policy Paper Work and Family Sociologists have been concerned with institutional friction between work and family systems in the industrialized West as far back as the 1960's, when Lewis and Rose Laub Coser first labeled both the family and workplace as “greedy institutions” that monopolized individuals’ time and energy. Although the problem has been framed in different ways at different times and places, the essential sociological insight that ties them all together has been that the personal difficulties individuals face in trying to fulfill both family and paid work responsibilities are socially patterned and somewhat predictable given the competing logics of industrial production and family reproduction. The FMLA has been praised for supporting employee work/life issues and engendering a family-friendly workplace. However, its successes have not come without problems. Since its inception in 1993, employers have found FMLA certification, administration, tracking, and compliance confusing and problematic. Employers have argued that the law's ambiguous language makes it hard to certify, track, and administer leave, particularly intermittent leave. When the FMLA became law in February 1993, most women and children's advocacy groups were elated. However, many business groups protested that the law, which allows employees at companies with 50 or more workers up to 12 weeks' unpaid leave to care for himself or herself, a newborn, a newly adopted child, or a seriously...
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...The following presentation will review the Servant Leadership Philosophy and the CEO of Popeye’s Louisiana Kitchen and her implementation of the leadership style within her Leadership practices. According to her LinkedIn profile Cheryl Bacgelder, began her career in food service as the President and Chief Concept Officer for KFC in 2001. She clearly states that her failings at KFC provided her a level of humility that allowed her to be the leader she is today. It is apparent by an article entitled “The CEO of Popeye’s says becoming a 'servant leader' helped her turn around the struggling restaurant chain” those early years of leadership she had not developed the servant leadership style. (Goudreau 2015) She clearly states that her failings...
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...Accountancy Act of 2004 I. Objectives: a. The standardization and regulation of accounting education; b. The examination for registration of certified public accountants; and, c. The supervision, control, and regulation of the practice of accountancy in the Philippines. II. Scope of Practice a. Practice of Public Accountancy – b. Practice in Commerce and Industry – c. Practice in Education/Academe – d. Practice in Government – The Professional Regulatory Board of Accountancy III. The Professional Regulatory Board of Accountancy – the Body authorized by law to promulgate rules and regulations affecting the practice of accountancy profession in the Philippines. –it is under the supervision and control of the Professional Regulation Commission. Compositions and Term of Office: – Shall be composed of a Chairman and 6 Members. – The Chairman shall be the presider in all the meetings of the Board, In case of vacancy, the Vice-Chairperson shall do his duties. – The Chairman and Members of the Board shall hold a term of 3 years. – No person who has served 2 successive complete terms shall be eligible for reappointment until a lapse of one year. Powers and Functions of the Board –The Board shall exercise the following specific powers, functions and responsibilities, as stated in Art. 2 Sec. 9 of RA 9298 – The policies resolution, rules and regulations issued or promulgated by the Board shall be subject to review and approval...
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...the first acquisition was considered to be a wise investment because of Wertkauf’s previous success, Interspar was not looked at the same way. The Interspar hypermarket chain was in serious need of financial reformation as the business itself was unprofitable. Wal-Mart did manage to improve the line of former Interspar hypermarkets; however other factors played a role in the failure of our expansion. This report will disclose non-financial aspects of Wal-Mart’s failure to succeed in Germany. Problem Statement Wal-Mart needs to adjust its business plan in a way that facilitates cultural understanding and adheres to the laws and regulations of Germany. Measurable Objective and Long-term Goal With a very small market share at 1.1%, (Sundarji, 2012) turnover of 2.9 billion Euros and further losses of 1 billion Euros, (Arndt, 2003) a long-term goal would be to make the business profitable, increase employee satisfaction and. An increase of the market share, elimination of debt, reversal of employee cuts and an increase in consumer attendance could all be measures of a successful turnaround. Analysis Wal-Mart took a very aggressive and arrogant approach into Germany. The assumption was that the market would react positively to their approach, much like it did in America. However, the cultural difference along with inadequate evaluation of the existing market proved to be a major problem. Though both the US...
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...Grand Canyon University Purpose of Intervention There is a fundamental belief that every child has value and that every child should be accounted for in terms of providing a quality education. Schools have had trouble trying to embrace the notion that no student should be allowed to fail. Leadership with in any school should embrace the philosophy that no student should be allowed to fail and apply it to the school culture and implement a program that coordinates the schools’ s mission statement of maximizing achievement with the school improvement goals. In 2006, pyramid of intervention was a response to the intervention component of the Individuals with Disabilities Improvement Act (IDEIA). Response to Intervention or (RTI) is often associated with Pyramid of Intervention using a continuum-based process that focuses on access to high quality, evidence based instruction, data-driven decision making, a tiered model of supports and a systems level approach to improving academic and behavioral outcomes (McIntosh, 2011). Pyramid of Intervention This pyramid came out of the IDEIA law that wanted to address increasingly diverse classrooms and the demands and opportunities of what has come to be coined “21st century learning.” There is a prevailing thought that the high-quality inclusive education is an issue of social justice and important to developing the human capital that is needed in today’s societies. What has emerged is a growing preference towards empowering the...
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...Introduction Benjamin Franklin is accredited for the saying “By failing to prepare, you are preparing to fail.” Winston Churchill is accredited for saying "He who fails to plan is planning to fail." Both are correct and relevant in today’s business environment. Planning is the cornerstone of any successful business. Today’s planning is governed by two leading processes, strategic and operational planning. I will review the attributes that both plans embody with relations to SWOT analysis conducted on Liberty Global Inc. Strategic and Operational plans for Liberty Global Inc. Strategic planning is a top-down approach provided by top management that defines; goals, objectives, and direction of the organizations for the next three to five years (Robbins & Coulter, 2012). It lays the foundations for growth, improving productivity, and to improve return on investment for the organization’s investors. Operational planning details how the organization will accomplish the goals, objectives, and strategies outlined in the strategic plan. Operational planning is a bottom-up approach that addresses the needs and performance of the organization in the short-term, one-year and under. It addresses the question, what are we going to do this year and how. The operational plan should be reviewed on a regular basis to ensure that it is on target. Liberty Global is the leading international cable operator. The company operates in 13 countries across Europe and in Chile. The company has...
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...FINANCIAL CRISIS OF OUR TIME WHAT HAS HAPPENED In September 2008, the Bankruptcy of Lehman Brothers and the collapse of AIG, following the demise of Bear Stern and the near collapse of Merrill Lynch triggered a financial crisis. The result was a global recession which cost the World tens of trillion of dollars, rendered 30million people unemployed and doubled the national debt of the U.S. But this crisis was not an accident. It was caused by an out of control calamitous financial industry. In the aftermath of the Great Depression, the US enjoyed a 40 year economic growth without a single financial crisis. The Financial industry was tightly regulated. Critical to these regulations was The Banking Act of 1933, known as the Glass-Steagall Act, which separated commercial banking activities from Investment banking activities, meaning Banks with consumer deposits were prevented from engaging in risky investment banking activities. Most regular banks were regular businesses and they were prohibited from speculating with depositors’ savings. Investment banks, which handled stocks and bonds trading, were small private partnerships. In the 1980’s, the financial industry exploded. The Government, with support from Economists and Financial lobbyists started a 30 year period of financial deregulation. In 1982, the Government deregulated the Savings and Loans companies allowing them to make risky investments with depositors’ money. By the end of the decade, hundreds of Savings and Loans...
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...words, an accrediting body is an independent 3rd party that measures and rates the regulations, safety guidelines, and practices of a service or business—in this case, medical facilities. Think of it as a stamp of approval verifying the authenticity and quality of services. A restaurant in the US can’t open unless it passes certain health inspection codes, and a lawyer can’t begin practicing until he or she has passed a qualifying exam. The same is true with medical practitioners and facilities. They must demonstrate to accrediting bodies that they possess the personnel, resources, training, experience, and regulatory understanding to provide quality medical treatment to patients. Hospitals that lack accreditation are hospitals worth avoiding. However, JCAHO is not the only accrediting organization out there. There are agencies that focus on region, specialty, and country (healism.com). Which facilities can be accredited Joint Commission for the Accreditation of Healthcare Organization (JCAHO) has been accrediting Managed Care Organizations for more that 10 years. The Joint Commission network organizations throughout the United States, including MCO’s, managed behavioral health care organizations, integrated delivery systems, and preferred provider organizations. To be eligible for a Joint Commission accreditation survey, a MCO must have the following characteristics: Provides health care services to a defined population of individuals...
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...©Collaborative BScN Program 2010 ALL RIGHTS RESERVED INTRODUCTION TO COLLABORATIVE BScN PROGRAM Mission Statement As partners, the Faculty of Nursing at the University of Windsor with St. Clair College (Windsor and Thames Campuses) and Lambton College (Sarnia) undertake the shared commitment to excellence in the preparation of Bachelor of Science in Nursing (BScN) candidates who embody our core values and the best elements of the art and science of nursing, education, leadership, research, and practice in their professional journeys. Vision EXCELLENCE in nursing education, practice, and research. Core Values In the spirit of collaboration, and through values clarification and group decision-making, the following concepts have been selected to identify and signify the core values of the University of Windsor Collaborative BScN Program. These concepts reflect the foundation upon which knowledge, skills, judgement, communications, relationships, behaviours, and intent of our mission and vision...
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...appeared awfully inequitable to policyholders of Equitable Life Assurance Company. Equitable Life, the staple of Britain’s pension industry, with over a million policyholders, including a plethora of the biggest British companies, the parliamentary pension fund, the Personal Investment Authority, had no choice left but to announce that it was up for sale. To be able to cover the liability worth about £1.5 billion, it froze the value of all current with-profit policies and imposed an exit penalty of 5% on withdrawals. Fifteen prospective purchasers looked at the books of the company, but all but one – Prudential – walked away from a deal. The final straw came in December 2000, when Prudential reached the decision not to buy Equitable Life. Following the decision, Equitable doubled the exit penalty for withdrawals to 10% and closed the fund for new investors. Numerous legal actions, investigations, and reports followed. Yet the debacle is still far from over, and new inquiries into this perhaps the most shocking collapse in the insurance industry keep pouring. Equitable Life’s growing problems and policyholders’ growing despair grab headlines in British press almost daily. On December 12, 2003, BBC News ran an article on Ann Berry, 65, a former physiotherapist from West Sussex, who should have been enjoying her retirement. Ann saw her £6,000 pension slashed by nearly a quarter in the past 18 months. "It is very worrying, I did everything the government asked me to do - I saved hard...
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...private businesses and not public sector businesses. * The term ethics means treating other people with respect, in general it means what we ought to act towards others. * Ethics is a broad term which includes concepts such as Corporate Governance and Corporate Social Responsibility. * Often the issues which arises under “Business Ethics” relate to ethical behaviour of businesses overseas in poorer countries. The main issues are: Bribery of foreign officials, corruption, human rights violations in newly industrialising countries (sweatshops) and environmental pollution of host countries. * It is sometimes argued that ethics is nothing to do with business, acting ethically is only justified if it promotes the organisations best interest (Profit and the share price). * Ivan Boesky defines “Greed is Healthy”. * The whole point about business is profit and beating the competition. If you worry about ethics and social good then the business will end up failing. * Others argue that a business has a moral duty to take into account the effect of their actions. * Huge multi-national corporations control billions of pounds and they are often shown to be as rich as the countries they operate in. They need to be careful to avoid pollution in their operations and exploitative “sweatshop” labour. * Multi-national corporations also need to take into account the huge negative and positive following the ventures they undertake and the contracts in which they...
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...required by its regulations when it was not supposed to be applied, is similar to Techspert misleading Mr. Dugan when he purchased their services believing he would be provided with “free in-house repairs and upgrades” and “complete support services.” Moreover Techspert, like Klem where defendant failed to follow the agreement, is similar to Techspert not following its policy that was advertised and printed on brochure. However, Mr. Dugan, unlike Hangman where plaintiff did not establish that defendant owed a standard of care, did establish a standard care because the advertisement and its policy allowed consumers to believe that such actions would be taken if Techspert’s products where to fail. Furthermore, after Mr. Dugan establishes that an injury occurred by Techspert’s unfair and deceptive act he will have to establish that it occurred in a trade or commerce. Techspert, like in Indoor Billboard and Hangman where consumer purchased a sale of assets or services, was involved an unfair and deceptive act that occurred in a trade or commerce. The sale of computers is a commercial transaction between Techspert and Mr. Dugan....
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...Samar College COLLEGE OF GRADUATES STUDIES Catbalogan City Course : MAEd - Educational Management Subject : School Legislation Professor : Reporter : Marichu J. Labra Term : Summer, 2016 Topics : 1. Liability of the School for Students Injury Arising Out of Acts or Omissions of Teacher, Instruction, Professor, and School Officials : Some Legal Bases 2. Duties and Obligations of Teachers, students, School Officials and Personnel and the School Personnel : Some Legal Bases 3. Rights and Privileges of Parents, Students in School, Teachers and Academic Staff, and School Officials and Personnel and the School itself: Some Legal Bases ________________________________________________________________________ School Liability for Torts * En loco parentis- teachers become the surrogate parents of the students or pupils in schools (no limit of age) * It is based on Article 2180 and Article 2176 of the Civil Code of the Philippines. Art. 2180 (Civil Code) * The obligation imposed by article 2176 is demandable not only for one’s own acts or omissions, but also for those of persons for whom one is responsible. * Teachers or heads of establishments of arts and trades shall be liable for damages caused by their pupils and students or apprentices, so long as they remain in their custody. Article 2176 (Philippine Civil Code) * “Whoever, by act or omission causes damage to another, there being fault or negligence, is obliged to...
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