...Implementation, Strategic Controls, and Contingency Plans Tamicka Wilson STR/581 November 10, 2014 Kenneth Kobus Implementation, Strategic Controls, and Contingency Plans Baby boomers are starting to overpower the world today with their growth of having to change their lives by moving into an assisted living, independent living, or memory care facility. Atria Senior Living, Inc. is well known for taking care of elderly adults when they are needing around the clock care. In addition, Atria Senior Living, Inc. is continuing to grow even when other assisted living, memory care, and independent living facilities are being build all over the United States. However, today the implementation plan, strategic controls, and contingency plan of Atria Senior Living will be discussed. Along with financial support of Atria Senior Living, a break-even chart will show how Atria Senior Living will continue to grow over the years. Nevertheless, the implementation will include management changes that will enhance successful implementation, and contingency risk management planning. Implementation Plan Atria Senior Living, Inc. was formerly known as Atria, Inc. the company was incorporated in 1996 and is headquartered in Louisville, Kentucky with various communities in the United States. (Businessweek, 2014). In all of the Atria Senior Living facilities, they provide independent living, assisted living, memory care, and short-term retreat stays. At Atria Senior Living, we offer just the...
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...Global Strategic Management Control Class Assignments 11/1/2015 Kavitha Balakrishnan I. Select firms by yourself and describe process of internationalization of selected firm using a relevant framework to explain. * What is Internationalization? * As the process of increasing involvement in international operation. * Internationalization envelops all activities that a company undertakes with regards to its relations with foreign markets. * Internationalization can take many forms, such as investing in a foreign country (foreign direct investment), forming partnerships with foreign companies, subcontracting foreign experts, taking part in international networks, and many more. * Why consider going international? * To increase overall customer base * To offset seasonal fluctuations in local markets * To minimize risk of losing market share to clients who themselves use internet to find goods\ services in overseas markets * To offset increasing costs of doing business at home * To gain prestige with customers at home * Why STARBUCKS? In a globalized world where every company has the opportunity to explore the world in search of other profitable markets, there are different challenges and opportunities faced. I would like to explain this by focusing on Starbucks, one of the world’s leading coffee chains. Starbucks has come a long way from a coffee bean retailer to one of the world’s most recognized...
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...ACCG330: Strategic Management Accounting LECTURE 12 CONTROL PROBLEMS AND PRACTICES IN MULTINATIONAL ORGANISATIONS ACCG330 Readings: Anthony & Govindarajan (2007, pp.678-696) ACCG330 Strategic Management Accounting Session 1, 2012 Learning Objectives 1. Describe management control problems and practices in multinational corporations. 2. Explain problems and issues associated with global organisations: i. Cultural differences and their impact on management controls. ii. Transfer pricing and related issues in multinational corporations. iii. Effects of exchange rates on multinational corporations and control system design issues. ACCG330 Strategic Management Accounting Session 1, 2012 1 Nature of Multinational Corporations (MNCs) • What is a Multinational Corporation? – A corporation that owns and operates production facilities in two or more countries. OR – A corporation with power to coordinate and control operations in two or more countries without owning them. • Typically have Headquarters in the country of origin • Build or acquire affiliates or subsidiaries in other countries (the host nation) ACCG330 Strategic Management Accounting Session 1, 2012 Basic Structures of MNCs • A number of basic structures exist that permit an MNC to operate and compete internationally – Structure must meet the need of both the local market and the home-office strategy of globalization – Basic structures of MNCs: • Domestic structure plus foreign subsidiary...
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...Management in all business and organizational activities is the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively. But if we try to look from closer, Mothers are the best managers if one wants to learn from. Here I am taking example of my own mother. She is a doctor so she handles her hospital work and daily routine activities of my house. I have divided the activities performed by my mother on daily routine basis (weekdays) and tried to put them into management functionalities comprises planning, organizing, staffing, leading /directing, and controlling our organization (in this case my house). All this is done by resourcing, encompasses the deployment and manipulation of human resources, financial resources, technological resources, and natural resources. |My Mother “The Best Manager” | |Time |Activity |Functionality |Learning | |0500-0530 Hrs |Waking up on time despite of |Planning |Time management | | |working late last night |Organising |Organisational commitment | | | |Leading |Consistency ...
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...The management process is a series of activities in a cycle of planning and control where planning is refers to the setting of objectives for an organization and draws a line of how it can be achieved. Controlling activity itself is refers to the implementing plans by using the feedback to accomplish the objectives. In management, control system is necessary in which the activities of different divisions, departments, and sections need to be coordinated and controlled. To be specific, management control system is needed to clearly communicate the organization’s goal, to ensure that managers and employees understand the specific actions required of them to achieve organizational goals, to communicate results of actions across the organization and to ensure that managers can adjust the changes in environment. In Xerox Corporation, they are using planning process as their management control system. Al Senter, the Xerox’s Vice President of Finance in 1990 already stated that the control function must add value to the product by working with line management. Each operating units in Xerox Corporation will draw their own long term planning in order to get reviewed and feedback by the organizations. It’s important to have planning as their one of the control systems since it will set a standard of performance. By this planning process, each of the division general managers in Xerox Corporation will responsible for managing and controlling their subordinate to deliver the committed...
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...employee attitudes. There is a high morale among employees and empowerment, team building and employee involvement in product development is encourages. The market culture focuses on the external environment and is mainly controlled by these forces. A more structured organization with clear goals and a contingent rewards system is in place. Competitive advantage is the most central goal. The hierarchical culture in internally focused and controlled. Standardization, controls and a well-defined organizational structure aids in decision making. Controlled to minimize errors and remains consistent to achieve organizational objectives. The advocacy culture is externally focused and is very flexible, much like the clan culture is. Growth and innovation are highly regarded, with minimal rules to allow employee creativity. These four types of organizational culture are at the core of how a business operates. This leads up to managerial controls in a business, the next topic to be covered. Managerial control is an executive function involving three elements, i.e., standards, evaluative and corrective action. Setting performance standards with a given goal or target enables a desired performance level and motivates that performance by serving as a benchmark against the actual performance. Measuring performance levels can be done with written reports, personal observation or a combination of both. Comparing the results with the standards allows managers to set corrective actions...
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...their organizations are designed: for example, the way work is divided among people and departments, and the way it controls its human, financial, and physical resources. Organizational design involves difficult choices about how to control—that is, coordinate organizational tasks and motivate the people who perform them—to maximize an organization’s ability to create value (Jones, 2004). Maintaining that competitive edge in the snack food industry can be challenging. Snacks and goodies are considered one of America’s favorite past times. Best Snacks has held the number one or two positions for many years and now they are in jeopardy of losing that status. Best Snacks has been experiencing declining sales for the past few years and market share has decreased. They are now faced with the challenge of revamping their development and marketing strategies. They have not developed any new product or service innovations in the last five years. It is definitely time to get the creative juices flowing (BestSnacks Benchmarking Worksheet). Importance of Organizational Design Choices Nadler & Tushman suggests that the last remaining source of truly sustainable competitive advantage lies in what we've come to describe as “Organizational capabilities" the unique ways in which each organization structures its work and motivates its people to achieve clearly articulated strategic objectives" (Nadler & Tushman, 1997). Organizational design can be a competitive tool by providing the organization...
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...of the focus of management accounting are shown in the figure 1 and describes as below. Stage 1 occurs prior to 1950 where most of the companies were focusing on cost determination related to stock valuation and the allocation of overheads. Among the accounting techniques that were developed for the cost estimation were Last In First Out (LIFO) and First In First Out (FIFO). Prakash (2013) stated that cost estimation was emphasized because by estimating the cost, managers were able to control their financial position. From 1965 to 1985, companies had moved into generating information for management planning and control. This is because only valuable information can be used to make correct decisions. This stage is using such technologies as decision analysis and responsibility accounting, to help managers choose the right decision oriented towards manufacturing and internal administration rather than strategic and environmental concerns. Management accounting, as part of the management control system tended to be reactive, identifying problems and actions only when deviations from the business plan took place [ (Abdel-Kader & Luther, 2006) ]. After the world recession take place due to the oil price shock and increase global competition which was accompanied by rapid technological development had changes many aspect of the industrial sector. The usage of robotic and computer controlled machine improved the product quality and also reduce costs in many cases [ (Abdel-Kader...
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...Deskilling Introduction Main body In Braverman’s argument, managers perpetually seek to control the process by which a workforce’s labour power(its ability to work) is directed towards the production of commodities(goods and servces) that can be sold for a profit. The control of this labour process is essential because profit is accumulated through 2 stages: firstly, through the extraction of the surplus value of labour and second, through the realisation of that value when the commodities are actually sold. These two stages are referred to as ‘valorisation’--- which means that managers are seeking to control the way work is organized, the pace of work and the duration of work, because these affect profitability. In Braverman’s analysis the managerial obsession with labour control is the key to an understanding of capitalism and leads managers to find ways of reducing the discretion exercised by the workforce in performing their jobs. In order to exert their own control over the workforce and limit the control and influence of employees, managers are seen to pursue a general strategy of deskilling---which can be classified in organisational and technological. Organisation deskilling is the separation of the conception and execution of work. The conceptual tasks(the more challenging and interesting parts of the job, such as planning and developing new working methods) are transferred to technical and managerial staff, while the execution of the work(less challenging part...
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...as its use allows the managers to establish the objectives of the business in quantitative terms which is usually for a year. Budgetary control is a system of management control in which actual income and spending are compared with planned income and spending, so that you can see if plans are being followed and if those plans need to be changed in order to make a profit. (Financial Times) The major aim of any organization is to create wealth for their shareholders for that they need to make plans and the major plan for it is budgets. Budgets are also heavily linked to the strategy as budgets plan the future of an organization they must be implemented in the strategy of the organization. “A strategy can be viewed as describing how an organization matches its own capabilities and opportunity in the market place to accomplish its overall objectives.”(Bhimani 2012) The budget of an organization shows its financial capabilities and it must be prepared according to the long term strategy of the organization. This essay will hence examine the advantages and limitations of budgetary control and its effect on performance management. Organisations in the modern day comprise of many different departments that must have proper coordination and communication in order to achieve growth and profits. A budget is a mere translation of a company's strategic objectives that used to direct coordinate and also motivate the employees to achieve those targets.(Biznik, 2014) Coordination is meshing...
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...http://www.ilr.cornell.edu/cahrs/hrspectrum/hr-profile-amazon.html Amazon’s mission statement affirms that its organization will always strive to appeal to the needs of their consumers, while encouraging new ideas and reaching beyond what they already know. According to Cornell University’s HR Spectrum, Amazon’s mission statement states: “Our HR mission has been quite simple: to find, grow, and keep the Earth’s best talents. Rather than be bound by a set of organizational competencies--which might help an organization duplicate its current successes but can ultimately be self-limiting--at Amazon, we stay focused on customer need and develop the new competencies that we think are needed to adapt to changing needs, that has helped us stay innovative, reaching beyond what we already know” (Cornell University, 2012). Amazon.com’s CEO, Jeff Bezo wanted his employees to be invested in the company, that means being 100% committed to the company and wanting success for everyone, not just themselves. The President of Human Resources, Tony Galbato, along with Bezo has a lot of faith in the company and its employees stating, “We have lots of smart people with lots of positive energy, driven by the need to build and continually improve the customer experience” (Cornell University, 2012). That seems to be the trend with Amazon; taking care of its customers and offering the best possible quality without the additional cost. To promote innovation within the company, Bezo relies on...
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...record all the processes. There aren’t any true management positions. The plant is managed by a man in his twenties with little to no experience. He might not know the right protocols for maintain safety or health concerns.(Why it’s an issue). c) Financial Structure: The company doesn’t have any financial objectives or no goals. The balance sheet implies a large amount of income and expense accounts. Inner-City has a poor repayment plan which doesn’t hold accountability. inquires when payment is made isn’t a good solution for this business. A poor repayment plan. Negative cash flow. Stanley Walsh did not use financial and operational controls—lack of clear planning d) Inventory: Inner-City Paint Corporation has no real form of inventory control. The company may run out of stock of an important item without inventory control. Paper inventory control is dysfunctional for any business as its not a good clear record of a business 2) Recommendations a) Facilities-...
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...SStructural Control in Zibo Oceanfar International Trade Co. Ltd Introduction People employed in an organisation work together in order to produce goods or service and to achieve a goal that individuals cannot achieve. To realise the common goal, work needs to be divided among organisation members and then to be coordinated. Organisational structure is created to divide the work formally and to provide a configuration of relationships that can control activities in an organisation. (Bratton et al, 2010) Enquiries were generated during reading the materials. Therefore, Zibo Oceanfar International Trade Co. Ltd is investigated for finding out how the control of structure works in practice. The main objective of this report is to illustrate how structural control is experienced and managed by the members of Zibo Oceanfar International Trade Co. Ltd. This report includes four sections, which are the description of methodology used to obtain information, the results of the investigation, the analysis of the findings and conclusions. The investigation is specified in one organisation. Hence, the findings in this report cannot represent any other organisations. Methodology 1. Interview I managed to interview the general manager (Mr. Bi) of the chosen organisation by video chat. The face-to-face interview is flexible. Questions can be adjusted during the interview, and there are no confusions about the answers. The information gathered by interview is reliable and easy...
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...Organization conflict resolution Lecture 6 Date: 2 December 2013 1 Learning Objectives 1. 2. 3. 4. Understand the nature and sources of organizational conflict Know the mechanisms to obtain power, influence decision making and resolve conflict Identify sources of organizational power and tactics for playing politics Evaluate the costs and benefits of organizational politics 2 What is Organizational Conflict? • • • • Stakeholders compete for the resources that an organization produces. Shareholders want dividends, employees want raises. An organization must manage both cooperation and competition among stakeholders to grow and survive. All stakeholders have a common goal of organizational survival, but not all goals are identical. 3 What is Organizational Conflict? • The clash that occurs when the goaldirected behavior of one group blocks or hinders the goals of another Some conflict can actually improve organizational effectiveness – Can overcome inertia and lead to learning and change • 4 Cooperation and Competition Among Stakeholders 5 What is Organizational Conflict? • Beyond a certain point, conflict becomes a cause for organizational decline – Conflict leads to inability to reach consensus and indecision – Too much time spent on bargaining rather than acting rapidly to resolve problems • On balance, organizations should be open to conflict and recognize its value 6 Relationship Between Conflict and Organizational Effectiveness ...
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...to maintain position through security needs by task-related activities. After taking the LSI survey my primary and secondary styles of thinking fall under aggressive/defensive thinking. My limiting style of thinking falls under passive/defensive thinking. My primary thinking style, power, measures your self-worth to a degree that we can control and dominate others. Power thinkers lack confidence in others and try to establish their feelings of self-importance. Power thinkers are characterized to be aggressive and to have a rigid way of thinking. Power thinkers have a high need for control, power, prestige, and status. Power thinkers dictate the actions of others and they are threatened by undermined authority. Consequently, the qualities I found to be true about me regarding power is that I have a lot of aggression, lack confidence in others, and I have a high need of control and influence. At work I like to influence my coworkers to strive high and push towards things that they will improve their lives. I like to try and control my relationships and daily activities. Also, I have a tendency of trying to control situations that I have no control over. Furthermore, I disagree with the power style characterization. I use power to keep my daughters in line and my life in order. I...
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