...ready to compete. The technology-infused manufacturing alternative gives him the ability to maintain a competitive edge. After examining the business with a cash flow and the problems that confronted it, a five member management team determined the best course of action going forward. Some businesses are proactive while others are reactive. The financial management team took a reactive approach because Guillermo previously was lackadaisical with no worries, a booming business and in total control. The chosen alternative will not compromise that control. Although unable to predict the arrival of new competitors, he has decisions to make. The management team evaluated his errors and hereby proposes alternative measures to combat possible loss of business and maximize profit. Reviewing the possible pitfalls, a financial assessment seeks to eliminate those pitfalls and place GFS as a front-runner in the furniture manufacturing industry. The alternatives are for review, modification and consideration to keep this thriving business alive. Alternative one seeks to increase technologically-savvy equipment to save time and reduce labor costs. Labor cost reduction does not necessarily begin with workforce reduction. The management team suggests focusing on working smarter by eliminating waste and improving performance. Alternative two examines a shift from primarily manufacturing to primarily distribution. By vacating the familiar and converting to what is not...
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...oriented teams © all right are reserved by Possibilities (Pvt) Ltd. A truth about life is our interdependence. Everything we accomplish within an organization is through the efforts of people working together. In spite of our technological advances, our competitive advantage lies in our ability to work effectively with other people. OUTCLASS TEAMS™ utilizes extensive group activities that help participants learn and practice new skills. Using techniques of debriefing, learnings are linked with their workplace application. In a highly interactive environment, team members have fun while learning principles and skills to ensure that they communicate, resolve conflicts, solve problems, make decisions and maintain a positive social environment. www.possibilities.net.pk Building high performance, result oriented teams Discovering ways to contribute positively to team Aligning with the bigger picture of the organization Generating emotional energy through trust Learn the principles and advantages of High Performance teams Be able to give and receive feedback effectively Understand the dynamics of how teams work Actually teaming up with your colleagues Building a winning team Goal Achievement Accelerating motivation Foster trust in the organization's leadership Create an atmosphere of openness and honest information exchange within the organization www.possibilities.net.pk www.possibilities.net.pk Building high performance, result oriented teams 1) DISCOVER:...
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...In the fall semester of 2015, I became a part of the founding executive team of the University Chapter of PD. PD is a not-for-profit organization that sends university mentors into high schools across Montreal with the purpose of combatting the lack of financial literacy in youth. Bringing this project to life required substantial interdependence between the executive team members, consisting of myself, my co-president, our 4 vice presidents as well as the approved mentors. Between acquiring sponsorship, on boarding schools across the city, recruiting dedicated mentors and finding a schedule that works for upwards of 200 individuals, the team operates in constant contact and prides itself on responsiveness and flexibility. The team is structured in such a way that the two Chapter presidents report to the presidents of PennyDrops National, as well as each being responsible for two vice presidents (See Appendix A for detailed organizational chart). When the project began, the Chapter was operating independent of the National Organization and communicating quite effectively. However, as we approached the later and more complex stages of scheduling mentors, printing curriculums and travelling to high schools, the team experienced major lapses in communication. For example, mentors were alerting the National presidents when they decided to no longer take part in the program. This information was not passed down to the appropriate Chapter vice president, making him unable to properly...
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...Tara Chapman Principles of Management – 2021 Professor Robert Morris Final Project October 24, 2009 A Principle Management Function: Organization Principle Management Function: Organization Upon reviewing the four management principles: planning; organizing; influencing; and controlling, I chose organization as my central focus. As stated on page 247 of Modern Management by Certo, “Organizing is the process of establishing orderly uses for resources within the management system.” Organization is a vital resource for managers to utilize in order to implement their goals and plans. “Organizing creates and maintains relationships between all organizational resources by indicating which resources are to be used for specified activities and when, where, and how they are to be used” (Certo, 247). Organizing, if used effectively, can improve plans, objectives, tasks, and resources while establishing feedback from those sources. My first interviewee is Andrew Ewing, III. Mr. Ewing is a Client Investigator for the Office of the Public Defender for the Fourth Judicial Circuit in Jacksonville, Florida. He has been doing client investigations for 27 years. I am currently working as an intern for the Public Defender’s Office in order to finish my Associate in Science for Paralegal Studies. I wanted to learn more about the procedures that exist within this type of government agency. Mr. Ewing implements middle management procedures such as developing...
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...Leadership reflective journal As a leader, I will empower others by encouragement, providing the right tools, cultivating a vision that includes everyone, individually and collectively to take ownership. I will admit to my short comings when needed. I will inspire others to act through my actions and words, both oral and written. I will constantly seek to challenge myself and develop as a leader at the same time, I will support and mobilize others to do the same. I have learned how to motivate others using examples and excitement. The leadership theories that support my plan are both Transformational and Transactional. My leadership strengths and weaknesses are clear after taking the required assessments and they required me to become transparent. I am now a leader constantly learning and growing into the leader I envision in the future. My action plan for accomplishing my future leadership goals are specific, realistic, and measureable. I will use my plan to accomplish my future goals as a leader and constantly assess my progress. Strategic planning reflective journal Strategic planning is an organizational management activity that is used to set priorities, focus energy and resources, strengthen operations, ensure that employees and other stakeholders are working toward common goals, establish agreement around intended outcomes/results, and assess and adjust the organization's direction in response to a changing environment. It is a disciplined effort that produces fundamental...
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... (2008). Computer security principles and practice. Pearson Education, Inc. Software Microsoft® Project 2010 (Virtual Desktop) Microsoft® Visio® 2010 (Virtual Desktop) Microsoft® Excel® 2010 (Virtual Desktop) Microsoft® Word 2010 (Virtual Desktop) All electronic materials are available on the student website. Supplemental Resource Microsoft. (2012). Microsoft Office Project 2010. Hoboken, NJ: Wiley. Article References Barr, J. G. (2012). Business continuity for web sites. Faulkner Information Services, 1-9. Barr, J. G. (2012). Identity management market trends. Faulkner Information Services, 1-10. Barr, J. G. (2013). Common criteria overview. Faulkner Information Services, 1-10. Barr, J. G. (2013). Biometrics market trends. Faulkner Information Services, 1-7. Week One: IT Security Overview Details Due Points Objectives 1.1 Recognize the importance of IT security implementation. 1.2 Identify major security issues associated with physical and operating system security. 1.3 Describe basic advantages and disadvantages among the various security implementations. Course Preparation Read the course description and objectives. Review the Learning Team Toolkit. NOTE: TestOut LabSims are available for this course. See Week One, Course Materials Page. Reading Read Ch. 1, “Overview,” of Computer Security Principles and Practice. Reading Read Ch. 2, “Cryptographic Tools,” of Computer Security Principles and Practice. Reading Read...
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...Hathaway's acquisition criteria, operating principled and incentives work together to enforce hte values of responsibility and trust, which the Berkshire Hathaway model is predicated on. Our presentation outline includes the company's history; its unique approach in corporate governance; the secret of success in terms of acquisition using human resources wisely and effectively; the company's culture and conclusions. Initially, Berkshire Hathaway is one of the largest corporations in the world, which has significant minority hildings in American Express, M&T Bank, Procter & Gamble and IBM. It is known for its control by the investor Warren Buffet, who is the company's chairman and CEO. Berkshire Hathaway traces its roots to a textile manufacturing company established by Oliver Chace in 1839 and its business units employ over 250,000 employees. Being built on a model based on centralization of capital allocation decisions within corporate headquarters along with extreme decentralization of operating decisions within individual business units, Berkshire Hathaway showed an absolutely unique approach in corporate governance that works effectively. Despite the company has a considerable number of employees – over 250,000 individuals – managers, who oversee each unit, hold complete discretion over operating and capital decisions within their businesses, without obligation to submit budgets for approval or develop long-term operating plans to the senior management....
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...Table of Contents Note 1 2 Significant Accounting Policies 2 1. Principles of Consolidation 2 2. Use of estimates 2 3. Pre-Opening Costs 2 4. Advertising Costs 2 5. Long-Term assets 2 6. Self-insurance reserves 3 7. Income taxes 3 8. Operating, Selling, General and Administrative Expenses 3 9. Cost of sales 3 10. Payments from suppliers 3 Note 2 4 Inventory - 4 Note 3 4 Property, Plant, Equipment - 4 Note 4 4 Contingencies and Liabilities - 4 Note 5 4 Mergers and Acquisitions – 4 Note 6 5 Lease Obligations - 5 Note 7 5 Earnings Per Share – 5 Note 8 5 Change in accounting principles- 5 Note 9 5 Long-term debt- 5 Note 10 6 Employee Pension Obligations- 6 Note 1 Significant Accounting Policies 1. Principles of Consolidation The Consolidated Financial Statements contain the reports of the company and all of its subsidiaries for the fiscal years ending January 31 of 2014 and 2013. All matters with intercompany accounts and contracts have been excluded in consolidation. Matters in unconsolidated partners, which are less than 50% owned do not reach consolidation requirements. 2. Use of estimates The Consolidated Financial Statements have been arranged within the confines of U.S. GAAP. Those principles necessitate our administration team to make predictions impacting the stated quantities on the balance sheet. Actual results may vary from predictions of administration team. 3. Pre-Opening Costs The expense of start-up endeavors, containing...
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...To be liable for malpractice, the person committing the civil wrong must be a professional, such as a physician, nurse, accountant, or lawyer (Guido, 2014). Gross negligence is an act or omission “which when viewed objectively from the standpoint of the actor at the time of its occurrence involves an extreme degree of risk, considering the probability and magnitude of the potential harm to others; and of which the actor has actual, subjective awareness of the risk involved, but nevertheless proceeds with conscious indifference to the rights, safety, or welfare of others” (Thornton, 2006). Any surgical procedure can be considered high risk. Surgery requires a team of highly trained professions starting with the nurses caring for the patient pre-op and post-op, the surgeon, the anesthesiologist, and the operating room and circulating nurses. In my...
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...DEFENSE ACQUISITION REVIEW JOURNAL Joint Strike Fighter Courtesy of Lockheed Martin Corporation 172 Report Documentation Page Form Approved OMB No. 0704-0188 Public reporting burden for the collection of information is estimated to average 1 hour per response, including the time for reviewing instructions, searching existing data sources, gathering and maintaining the data needed, and completing and reviewing the collection of information. Send comments regarding this burden estimate or any other aspect of this collection of information, including suggestions for reducing this burden, to Washington Headquarters Services, Directorate for Information Operations and Reports, 1215 Jefferson Davis Highway, Suite 1204, Arlington VA 22202-4302. Respondents should be aware that notwithstanding any other provision of law, no person shall be subject to a penalty for failing to comply with a collection of information if it does not display a currently valid OMB control number. 1. REPORT DATE 2. REPORT TYPE 3. DATES COVERED 2004 4. TITLE AND SUBTITLE N/A 5a. CONTRACT NUMBER 5b. GRANT NUMBER 5c. PROGRAM ELEMENT NUMBER The Lean Enterprise-A Management Philosophy at Lockheed Martin 6. AUTHOR(S) 5d. PROJECT NUMBER 5e. TASK NUMBER 5f. WORK UNIT NUMBER 7. PERFORMING ORGANIZATION NAME(S) AND ADDRESS(ES) Office of the Under Secretary of Defense for Acquisition Technology & Logistics 9820 Belvoir Road Fort Belvoir, VA 22060-5565 9. SPONSORING/MONITORING AGENCY NAME(S) AND ADDRESS(ES)...
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...to business by only aligning IS Strategy to Business or preparing IS strategic plan or adapting of any IS governance / management framework/ ISO standards like CoBIT5, ITIL 3, ISO 27000/ 20000. But such approach is NOT often enough for value addition where there is almost non-existance of IS governance or related operating model. That is why, KPMG rightly stated “Many organizations either do not possess any form of IS Governance or it is out of alignment with business goals and strategies.” – IT Advisory article titled IS Governance Services, KPMG 2004. I have similar personal realization while I fortunately worked in 6 different organizations as CIO, VP, Director and Manager of IT in Telecommunication, IT Enabled services and Humanitarian industries. I observed that there are 3 types of enablers (factors that, individually and collectively, influence whether something will work – Cobit5: A Business Framework for the Governance and Management of Enterprise IT, 2012) in IS operation. Either one of them - People or/and IS Process or/and IS Platform are not properly aligned or synced with each other because of non-existence or mal-formed IS Operating Model. Operating Model means an abstract representation of how an organization operates across process, organization and technology domains in...
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...Question 2. Does Calveta’s operating approach offers a sustainable competitive advantage? Main Issue Yes, Calveta’s is able to create and maintain a sustainable competitive advantage throughout its operating approach. Analysis of issue A. Possess own principles or strategies “Antonio’s Way”. In order to increase or twice the revenue as promised to his father within five years, Frank need to consider on the growth strategies for his organization. With these, Frank is always concern about the principles or strategies that proposed by his father and it’s applied throughout the organization, which is “Antonio Way”. This principles conveys the ultimate aim of Calveta’s which is quality of services and customer satisfaction, leads the development of employees in Calveta’s, maintaining the stability of profitability growth. As a fact, “Antonio way” provides a clear track of direction for Calveta’s in terms of operations on how to manage the organization effectively. “Antonio Way” also helps Frank in managing the organization. For instances, when frank in the dilemma of continuing or expanding calveta’s operation into hospital segment or acquiring Great Southwest Dining , Frank used “Antonio Way” as a guideline to make a better decision that related with calveta’s operation. This aspect highlights that such principles will provide an efficient channel of operation for the organizations and maintain sustainability of the competitive advantage of calveta’s through...
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...SuSTainabiliTy manaGEmEnT background Sustainability management and reporting is aligned with the three principles of the AA1000 AccountAbility Principles Standard (2008) 1 : materiality, inclusivity and responsiveness. Members are firmly embedded in governance (both in general, and in sustainability governance specifically) and policy formulation (pages 13 and 14). As such, whilst engagement with wider stakeholders is central, there is an additional focus on how democratic structures are used to ensure that strategies, policies and performance respond to stakeholder concerns. This level of responsiveness is almost certainly unique among large businesses in the UK. materiality and strategy In 2010, following consultation with different stakeholders, the Group Board agreed a new vision: ‘to build a better society by excelling at everything we do’. In pursuit of this, six aims are identified: to be a commercially successful business; to meet the needs of the customers and communities served; to respond to members and to share profits; to be an ethical leader; to be an exemplary employer; and to inspire others through co-operation. The key performance indicators underpinning strategy, together with progress, are presented within the Annual Report and Accounts 2 . The Sustainable Development Policy (page 10) and the Ethical Operating Plan (page 13) set out the need for business to develop in a more sustainable manner 3 . In managing...
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...Starting with the End in Sight: Integrating Finance After a Merger 2 When two companies merge, integrating their Finance functions is a major imperative. Variations in financial standards and procedures can prevent the merged entity’s Finance function from effective daily operations, impacting both internal and external stakeholders. Integration of this key function is also time-sensitive: the entity’s leaders, not to mention investors, demand consolidated financial statements, earnings and projections as soon as possible. Additionally, a majority of the potential gains from a merger cannot be achieved without committed support from Finance. Many companies recognize this challenge and give substantial attention to financial integration soon after announcing the deal. However, this urgency creates its own problems. Under time pressure, finance professionals will feel rushed to combine disparate numbers and harmonize divergent processes. If they do not yet have a clear vision of the new company’s future state, they may implement manual temporary work-arounds, such as preparing manual reconciliations of customer accounts, that require incremental work effort, cost and risk to Finance. By focusing only on interim integration work and not considering the future state in parallel, many companies risk that the manual interim state will one day become the future state. Maintaining disparate and manually integrated systems limits opportunity for future standardization and cost...
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...Learning Team Reflection In this week assignment Team A will discuss how we plan to help Clapton Commercial Construction expand their operation from a single location to multiple. Clapton Commercial Construction will expand to Arizona while currently operating solely in Detroit, MI. Employing 650 employees the Clapton Commercial Construction falls into the medium size business with a plan to add 20 percent workforce in the new state. Our team will work to address employment laws to ensure Human Resources are running compliance. Generally the principles and strategies to operate any size business will be fairly similar. The differences will depend on the type of business. A medium sized company is considered as a company with less than 500 employees. Medium sized companies are fairly successful. It is said that their size can enable them to do things better. For example their relatively larger size compared with small companies provides them with deeper pockets for dealing with difficulties, funding innovation and hiring key talent. And their smaller size compared with larger companies makes them more agile, puts them in closer contact with customers and enables them to retain a bit of that entrepreneurial spirit (Sniderman2012). There are several principles that can be used to apply to our business and others businesses. The first principle used to operate our medium sized business is known as the follow up and follow through principle. This principle is ideal...
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