Wednesday, September 2, 2020
Thomas Cook Analysis Swot Free Essays
The organization was established by Thomas Cook, a bureau creator, in 1841 to convey moderation supporters by railroad between the urban areas of Leicester, Nottingham, Derby and Birmingham. [6] In 1851, the author orchestrated vehicle to the Great Exhibition of 1851. [6] He sorted out his first visits to Europe in 1855 and to the United States in 1865. We will compose a custom paper test on Thomas Cook Analysis Swot or on the other hand any comparative theme just for you Request Now [6] In 1865, the founderââ¬â¢s child John Mason Cook started working for the organization full time. In 1871, he turned into an accomplice, and the name of the organization was changed to Thomas Cook and Son. [7] In 1884, John Mason Cook endeavored to diminish General Gordon from Khartoum. 6] In 1924, the organization was renamed to Thomas Cook Son Ltd. , subsequent to procuring a restricted risk status. [7] In 1928, the business was offered to the Compagnie Internationale des Wagons-Lits et des Grandes Express Europeens, administrator of the Orient Express. In 1948, it was procured by Britainââ¬â¢s mainline railroad organizations. [6] It was then purchased by a consortium of Midland Bank, Trusthouse Forte and the Automobile Association in 1972 and by WestLB in 1995. [6] In 1999, it converged with Carlson Leisure. [6] In 2000, the organization auctions off its overall outside trade business to Travelex to focus on visits and occasions. 8] After the market sorrow, especially following the 2001 September 11 assaults, the organization began a disinvestment program, discarding auxiliaries and undertakings. In 2002, the organization was obtained by CN Touristic AG, a German gathering, who thus changed its own name to Thomas Cook AG. [9] On 21 December 2005, Thomas Cook AG auctions off Thomas Cook International Markets, an endeavor which remembers 60% of the stake for Thomas Cook India Ltd to Dubai Financial LLC, a piece of the Dubai Investment Group (DIG) which deals with the money related and land premiums of HH Sheik Mohammed container Rashid Al Maktoum, leader of Dubai. 10] Then in 2006 Dubai Financial LLC obtained a permit to utilize the Thomas Cook name in the Middle East. [11] Thomas Cook Middle East comprises of the Middle East district, which has encountered a blast in movement and the travel industry, particularly in places like Dubai, Qatar, Oman, etc. Additionally in 2006 Thomas Cook Canada was offered to Transat A. T. checking Thomas Cookââ¬â¢s exit from the North American market. [12] In 2006, Thomas Cook AG turned out to be entirely possessed by KarstadtQuelle. [13] In July 2010, Thomas Cook Group purchases German the travel industry organization Oger Tours, which was claimed by Vural Oger. edit] MyTravel Group PLC Further data: MyTravel Group The organization was established by David Crossland in 1972 when he bought a progression of little travel offices in Lancashire, United Kingdom. [14] The organization started working bundle occasions and propelled its own in-house sanction carrier working under the Airtours brand in the mid 1980s. In 1996, Airtours bought Scandinavian Leisure Group (SLG) including grant winning visit administrators, for example, Ving and aircraft Premiair. In the late 1990s, Airtours framed the North American Leisure Group, which worked a few aircrafts and voyage lines from its workplaces in Canada and California, including Sunquest Air, Sunquest West and a few others. [16] Thomas Cook Airlines Airbus A320-200 In 2002, Airtours Group PLC rebranded under the new all inclusive pennant of MyTravel Group PLC. [17] This incorporated a name change for Airtours International and Premiair to MyTravel Airways. Shops all through Northern Europe were rebranded to MyTravel anyway UK retail outlets stayed under the pennant of Going Places. The organization ran into monetary challenges in 2004 and expected to actualize an obligation for-value trade so as to reestablish its productivity. [18] [edit] Post-merger The merger between Thomas Cook and MyTravel was finished in June 2007. [4] On March 6, 2008, the organization repurchased its permit to work the Thomas Cook Brand in the Middle East and Asia from The Dubai Investment Group for a sum evaluated to be around 249 million euros. [19] The organization took over Preston-based Gold Medal International, proprietor of NetFlights, in an arrangement worth ? 87 million in December 2008. Instructions to refer to Thomas Cook Analysis Swot, Essay models
Saturday, August 22, 2020
Tim Hortons Corporate Social Responsability
Tim Hortons Corporate Social Responsibility Corporate Social Responsibility (CSR) is a procedure with the mean to grasp duty regarding the organization's activities and energize a positive effect through its exercises on the earth, buyers, workers, networks and partners. Tim Hortons sees well this idea and the significance of corporate social obligation. Having a True Effect is the way Tim Hortons characterizes supportability and obligation and the larger structure that unites the entirety of our projects and initiatives.Making a True Difference helps direct us on our corporate social duty venture, underpins our general vision to be a quality head over all areas in Canada and continue our main goal to convey predominant quality items and administrations for our visitors and networks. Having a True Effect activity incorporate the accompanying projects to support people, networks and the planet: â⬠¢Tim Hortons Childrenââ¬â¢s Foundation: The Foundation is a non-benefit, altruisti c association focused on giving a thrilling camp condition for kids from financially hindered homes. Nearby Programs: Tim Hortons is pleased to help neighborhood activities that have any kind of effect like: Tim Hortons Smile Cookie, Free Summer Swimming, Timbits Minor Sports Program, Earn-a-Bike Program, Remembrance Day, and so on. â⬠¢Sponsorships: Tim Hortons puts stock in offering back to the networks by taking an interest in occasions, for example, network celebrations, or joining forces with gatherings, for example, minor games groups, that are imperative to the network all in all. Espresso Partnership: The general vision of the Tim Hortons Coffee Partnership is to help construct feasible espresso networks by supporting espresso ranchers in key regions that will improve their espresso business and their lives. â⬠¢Aboriginal Relations: Tim Hortons have been chipping away at executing an important, organized and long haul organization with the Aboriginal people group. â⠬ ¢Animal Welfare at Tim Hortons: Animal government assistance is a significant issue to Tim Hortons and every one of its partners, including Restaurant Owners, providers, financial specialists and guests.The organization considers animal government assistance to apply to all parts of animal consideration of the livestock inside the gracefully chain â⬠¢Waste Reduction: Tim Hortons advances squander decrease through different in-store projects and keeps on making mindfulness about the earth, litter, and the significance of keeping the areas clean. Tim Hortons CSR programs Achievements: â⬠¢Tim Horton Children's Foundation (THCF) invited 13,414 campers in 2011. â⬠¢In 2011, THCF gave out 243 bursaries for post-auxiliary instruction worth $600,000 to alumni of the Youth Leadership Program. â⬠¢Approximately $9. million was brought on Camp Day up in 2011, profiting the THCF. â⬠¢$16 million put resources into network activities across Canada and the United States. â⬠¢Smile Cookie program raised $4 million for neighborhood noble cause across Canada and the United States. â⬠¢Developed and executed projects and activities inside the Education, Employment, Empowering Youth and Economic Development mainstays of ââ¬Å"Horizonsâ⬠â⬠Tim Hortons Aboriginal Relations Program â⬠¢The number of eateries redirecting our hot drink cups and other paper bundling expanded by 22 percent in 2011 to in excess of 800 cafés â⬠¢Achievement of a 6. percent expansion in eco-friendliness of the organization's dispersion armada since 2008. â⬠¢9% decrease in water utilization at our corporate structures in 2011 contrasted with our gauge year of 2008. â⬠¢Animal Welfare Policy was updated and duty made to source one percent of framework wide eggs from advanced pen hen lodging frameworks just as to urge the pork business to move away from utilizing incubation cartons after some time.
Friday, August 21, 2020
Educational Reform Essay Example for Free
Instructive Reform Essay The instructive establishments today are increasingly centered around scholastics give less consideration to the physical traits of the understudies. Physical instructors alongside scholarly educators have a significant influence in advancing great wellbeing through normal physical exercises. The quantity of fat kids is expanding far and wide. Research delineates that one in each ten; six years of age kid in England is large. It is evaluated that continuously 2020, half of the kids would be stout. (BBC. co, 2004,) Absence of physical movement is said to be a reason for brings down scholastic accomplishments just as overweight corpulent people. The explanation being, the point at which the major dietary wellness needs are not met, the understudies show a decrease in scholastics by giving a horrible showing. An examination in New York stated that studentsââ¬â¢ insight scholastic execution was influenced by the scarcest of lack of healthy sustenance signs. Schools assume a significant job in building up the youthful personalities prepping them for a brilliant future, it must be remembered that physical instruction too is a basic part of an individualââ¬â¢s life. Alongside the P. E. courses the understudies ought to be prompted about an appropriate eating routine admission. Youngsters with poor dietary propensities, particularly in the early years as a rule score low in jargon, understanding figuring. (Sports Campus Life, 2007) It is determined that 40% of American populace is dormant just 20% are somewhat dynamic. For the most part half of people drop out of activity programs without finishing a half year. The truth of the matter is that propensities are created at an early age. On the off chance that the understudies are not encouraged with physical exercise courses at school, they will never shape sound exercise propensities. The schools nowadays are battling to expand the understudy achievement rates, the kids are over troubled with schoolwork additional classes, allowing for extracurricular exercises. The Buffalo City School District in New York has chosen to fuse physical training division beginning from the underlying stage; the point is to accomplish better understudy grades, participation improved wellbeing. The studentsââ¬â¢ sustenance, dynamic way of life achievements are completely interrelated. On the off chance that the youngster is upbeat solid, he will perform well in each progression he takes. Diminishing 240 minutes out of each week in class time for physical action brought about higher math scores. (Activity for Healthy Kids, 2004) Students with the most elevated wellness scores scored the most noteworthy in their SAT test. Being genuinely dynamic likewise sustains the studentââ¬â¢s psychological learning capacities brings down tension despondency levels. It is gotten from broad research that the admission of oxygen during exercise benefits the neurons expands the psyche power. Overweight kids are powerless to create physical afflictions like circulatory strain diabetes in later life, also the mental impacts by being prodded in school causing a withdrawn inclination, low confidence directly discouragement. The Cambridge Public Schools, in Massachusetts, found that practically 14% of youngsters from the age bunch 9-13 were overweight because of inactive schedules. These understudies were being focused for jokes harassing. So as to encourage the vitality of hyperactive stationary understudies, simultaneously improving their physical social prosperity; expanded the action programs at school focusing on each studentââ¬â¢s singular needs. This demonstration may deliver alluring outcomes meanwhile defying issues like stoutness tormenting. Be that as it may, spotlight ought to be kept on the physical prosperity of understudies; hence itââ¬â¢s a superior alternative to limit contending exercises. Sports recreational rivalries are a decent method to acknowledge oneââ¬â¢s potential yet may actuate negative emotions in the losing rival. Each school endeavors to arrive at the most elevated objective of greatness; this objectives should set worry for the physical mental development of the understudies in this manner, extending time for the physical extracurricular exercises for the youngsters to enjoy. summer winter breaks can likewise be used for such projects. Taking an interest in such exercises help the kids to find their qualities uniqueness making a sentiment of accomplishment. They understand their inclinations at that point structure their future objectives in like manner. Various assets are use for the advancement of scholarly divisions in schools. A few stages ought to be taken for structuring the physical training office so as to accomplish a positive effect on the certainty, confidence inspiration of the considerable number of understudies. Every understudy ought to be managed independently, to satisfy singular needs improve their over all character. An approach taken up by the Michigan State Board of Education Policy in September 2003 on Quality Physical Education affirms that very much arranged physical exercises assume an essential job in the understudy learning abilities. They figure out how to consolidate their aptitudes capacities to the fullest in each field. They began a 150 minutes/week program for the basic understudies 225 minutes/week. (Michigan State-Resource Guide) Some of the thoughts that can be fused for the advancement of understudies generally speaking capacities are:â⬠¢ All understudies ought to be qualified for join the physical movement gatherings. Each age gathering ought to be taken care of independently so they can upgrade their certainty, recognize their own. The physical training educational program ought to be founded on a normally inquired about substance. The best possible hardware instruments ought to be given by the school an expert coach ought to be recruited to prepare the understudies. The individual qualities capacities of understudies ought to be provided food. Tests ought to be directed to discover their continuance levels body qualities at that point focus on the issue zones for accomplishing a solid dynamic unde rstudy body. â⬠¢ Athletics are extremely viable in the over all development of children.à Basic levels of games ought to be instructed to each understudy advance courses accessible to the individuals who are intrigued. â⬠¢ The P. E. gathering can hold study bunches workshops to assist the understudies with their shortcoming give them legitimate nourishing aides. A few exercises can be presents including cooperation with companions groups of the understudies. For instance hardly any schools mastermind sport days, running tracks family wellness evenings. After school exercises can assume a significant job in instigating physical wellness in the understudies. The focuses to remember are that â⬠¢ the exercises are advantageous for the understudies â⬠¢ the program contains enough power to make it trying â⬠¢ Variety of projects ought to be presented so the kids are quick to participate in them. â⬠¢ The climate conditions ought to be remembered indoor exercise centers recreational rooms ought to be set up in the event of a blustery day. â⬠¢ The guardians instructors ought to be urged to engage with the understudies so they can assist the kids with living up as well as could be expected.
Friday, June 5, 2020
Life Insuarance Article - 550 Words
Life Insuarance (Article Sample) Content: Many people might not realize how much life is till it's too late. One thing people should know is that we all have one life to live and there are no take backs no matter the rank or status one might have in the society. Every day we wake up and walk in the streets while other people drive or even fly but at the end of the day our lives are equal and that's why we should really take care and control of our lives not just by eating or exercising but also through insuring our lives.Life insurance policy is an open policy for everyone regardless of their age, tribe or color. However many people do not believe in the policy due to their own reasons while others just don't believe in it due to the fact that they are afraid of taking change. No matter what people believe or the negativities they have on life or any other insurance policy I believe that they are wrong and they should let their fears go and give it a try. The policy is also legal and this means that you have the rights to get the benefits of what you paid for as the contract agreement stated. However when one commits suicide or do anything to harm themselves the policy has right not to cover that since the contract does not cover suicides.Another thing which always amazes me is how people spend millions of cash insuring their properties or cars and to make it worse they do not insure their life. Property comes and goes and it can come again but life only comes and goes once and this is a matter which should not be taken lightly at any cost. Life insurance depends on what exactly you want to cover and this can be costly at times but in the long run you will realize that by using this policy you actually saved a lot. The best thing about life insurance is that any time you get an injury or even get sick it will cover you and you will not even use a single cent when you go to the hospital as long...
Sunday, May 17, 2020
Analysis of Jamaica Kincaids Lucy and Edwidge...
Danticat and Kincaid Every single culture is a unique social creation wherein the population of a given location has worked together for years to develop attitudes, perceptions, artistic and aesthetic interests, and ideologies which will be individual to the culture. It will also develop important attitudes about which groups within the cultural community will comprise the majority and which the minority. Those in the majority culture will have the power and those in the minority will have to abide by whatever rules and sanctions the majority population devises. The majority culture also determines how the minority culture will be treated and how the two groups will be classified. Often, differentiation of groups is determined by race, religion, or social and economic class. Throughout literary history, authors have endeavored to capture the past as well as recreate and articulate sociological inequalities within that past in order to better understand the psychology and sociology of those who exist in the present. Issues of race, being one of the primary examples of social inequality, often appear in controversial and important works of literature from around the world. In the Caribbean Sea, people have had to deal with centuries of racial prejudices and sociological inequity since the first explorers arrived on the island and demanded that those with darker skins become the slaves of those with light skin, a period which still affects the populations of the Caribbean to
Wednesday, May 6, 2020
Consumption of Energy Drinks - 521 Words
Consumption of Energy Drinks Throughout the last several centuries, many beverages have been utilized to produce energy to boost the body and its ability, such as tea and coffee. However, the first beverage considered to be an ââ¬Å"energyâ⬠drink was Coca-Cola due to the fact that ingredients of the drink included both caffeine and cocaine (Lile). Since the introduction of Coke products in the late 1800ââ¬â¢s, products full of sugar and caffeine have been available to the public and have exploded in popularity as customers search for alternative energy sources. Modern energy drinks, such as Red Bull and Monster, have become the newest fad in ways to gain more energy because of the average Americans hectic and fast-paced lifestyle. Many countries across the continents of Europe and Asia began experimenting with different products to make a drink with more caffeine packed into each can or bottle than known before. The first energy drink, Red Bull, was introduced to the United States in 1997 from th e Asian-Pacific country of Thailand and continues to be the caffeinated drink with the most recorded sales. Since then, many other energy beverages have blossomed in popularity throughout America including Monster, Full Throttle, Rockstar and Red Bull. Consuming energy drinks is becoming one of the biggest crazes of the modern day and is likely to continue growing as their short term effects become increasingly sought after. However, as many are started to abuse energy drinks,Show MoreRelatedThe Consumption Of Energy Drinks1538 Words à |à 7 Pagesis most Americans have consumed an energy drink or at least know what energy drinks are. Their popularity on the rise energy drinks such as Red Bull and Monster are the hottest-selling component of the beverage industry, but experts in the medical field are warning the population about the possible health hazards they pose and demanding for better regulation. The highest consumers of energy drinks are adolescents and they are mostly l ikely to abuse the consumption of the beverage. With the healthRead MoreThe Consumption Of Energy Drinks Essay1182 Words à |à 5 PagesEnergy drinks can be generally characterised as containing caffeine, taurine, glucuronolactone, inositol and a variety of B vitamins, including thiamine, niacin, vitamin B6, vitamin B12, pantothenic acid and riboflavin. Caffeine, taurine and glucuronolactone are regulated as Natural Health Products under Schedule 1 of the NHP Regulations. The product Red Bull exemplifies a typical energy drink, where a single can serving of 250 ml contains 80 mg of caffeine, 1000 mg of taurine, 600 mg of glucuronolactoneRead MoreEnergy Consumption Patterns Of Energy Drinks Essay1563 Words à |à 7 PagesAbstract Background: Energy drink consumption has continued to grow and gain popularity since the release of Red Bull (the current leader in the energy drink market) in 1997. While energy drinks are generally targeted to young adult consumers there has been minimum research regarding energy drink consumption patterns in New Zealand. The aim of this study therefore is to determine consumption patterns of energy drinks as well as perceived benefits and side effects amongst students at Ara InstituteRead MoreEnergy Drink Marketing : Marketing And Consumption Of Energy Drinks1140 Words à |à 5 Pages ENERGY DRINK MARKETING Introduction Since the turn of the new millennium, there has been a visible trend in the marketing and consumption of energy drinks. The consumption of these energy drinks could be attributed to the viral marketing that has been boosted by social media and created by the wave of synthetic, caffeinated high-energy drinks that are being manufactured. The drinks target the youth market and the athletes. In the past ten years or so, there has been a growth in the uptake of theRead MoreHistory Of Energy Drink Consumption On Australia1632 Words à |à 7 Pages1. History of Energy Drink consumption in Australia: An energy drink is a popular non-alcoholic drink that includes caffeine and may contain other ingredients such as taurine and B vitamins, ginseng and guarana. In Australia, a 250ml can of an energy drink contains 80mg of caffeine, which is equivalent to the amount of caffeine in a 250mL cup of instant coffee. Every energy drink sold in Australia must include a list of ingredients on the can or bottle. The labels include nutritional informationRead MoreEffects Of Energy Drink Consumption On All Age Groups Are Real And Impacts1613 Words à |à 7 PagesEnglish sources dated 2005 to 2010, energy drinks have become more popular among teenagers and young adults (Rath, 2012). SixWise.comââ¬â¢s (2008) article ââ¬Å"What is really in a hot dog?â⬠provided evidence that just because the product is purchased by the public does not automatically mean it is beneficial long term (Wyrick). This new craze of energy drinks has the world consuming them at a staggering rate. The debates concerning the effects among energy drink consumption in all age groups are real and impactsRead MoreHow Does The Consumption Of A Particular Energy Drink ( Red Bul l ) Affect A Human s Heart Rate2211 Words à |à 9 PagesIB Biology Cheyenne Cosman Dr. Sigworth March 28, 2015 Heart Rate IA Research Question How does the consumption of a particular energy drink (Red Bull) affect a humanââ¬â¢s heart rate during exercise? Bakground Information The human heart has four chambers: two thin-walled atria, which receive blood, and two thick-walled ventricles, which pump blood. While veins carry blood into the atria, arteries carry blood away from ventricles. The atria and ventricles work collaboratively, alternatingRead MoreCollege Student s Intake Of Energy Drinks Essay877 Words à |à 4 PagesOverton, Carpenter-Aeby, and Barber-Heidal (2007) discussed that energy drink consumption has been on the rise since the debut of Red Bull in 1997. There has been no or little research in the consumption of energy drinks among college students in the United States (US). Malinauskas et al. (2007) wanted to define college studentââ¬â¢s intake of energy drinks. The study also looked at the occurrence and frequency of energy drink consumption in six situations. The situations that were studied were anyRead MoreDoes Social Workers Improve The Quality Of Life For Clients? Essay1422 Words à |à 6 Pagesless dependent on caffeine for e nergy, study is sleeping better, study feels as if mood is not effected, study has found alternative options that are healthier, and more. The strategies implemented to assist author with coping with behavior modification has encouraged her to continue alternating these strategies to eventually cease use of coffee and energy drinks completely. Another strength is the remarkable reduction over time of the use of either coffee or energy drink. Implications of BehaviorRead MoreThe Problem Of Energy Drinks Essay1300 Words à |à 6 Pagesawake. Energy drinks have many untested contents within the drink that arenââ¬â¢t tested or regulated by the U.S. Food and Drug Administration, deeming it unsafe for consumption. The FDA needs to test the effects of the combined contents of an energy drink and draft regulations so that the public can make more informed decisions about its consumption. Energy drinks have undeniably meshed into the subculture of any US college campus. College students who consume copious amounts of energy drinks claim
Tuesday, May 5, 2020
Korean Journal Of Construction Engineering -Myassignmenthelp.Com
Question: Discuss About The Korean Journal Of Construction Engineering? Answer: Introduction In the present scenario, it is imperative for the managers to have a strong control over the elements of cost. Hence, the managers need to be aware of the updated methods as it will help in tracking the changes that occur in the due course of time. The size of the firm is irrelevant in this regard because a business might be big or small but the element of cost and cost control should be a priority to attain a better result. In the present report, the major emphasis will be on TDABC as this system is an updated version and eliminates the frailties that are present in the traditional ABC system (Drury, 2013). The main purpose of the current study is to highlight the features of TDABC and the manner in which the new system will be implemented in BHP Billiton. Further, a differentiation will be done from the ABC model costing system shedding light on the selected company that is BHP Billiton. TDABC scores over other forms of costing method such as it is not time-consuming and is subject ive in nature. The main benefit that can be accrued is that simple estimates can be made and can be developed depending on the process of direct observation. Depiction of the Clients firm BHP Billiton is a pioneer in the field of extracting and processing of mineral, oils, etc with a presence of more than 60,000 employees located mainly in Australia and America. The sales of the product are worldwide and are done through Singapore, U.S, Houston, etc. The headquarters are located in Australia. The company operates as a Dual Listed Company with the presence of two parent companies that is BHP Billiton Limited and BHP Billiton Plc. The main strategy of the company is to retain low-cost, long-life and expandable assets that are diversified through geography and market (BHP Billiton, 2017). The operating model of the company enables the expertise to be leveraged across the business with a team that is multifunctional and link across the organization that helps in solving the problem. Further, the company strives to grow and is inconsistent with the strategy. The plan of the company is based on efficiency in terms of cost that is focussed on higher gains, an exploration tha t leads to a positive result and reduces the future risk, technology that enhances safety, cost and to unlock resources (BHP Billiton, 2017). A description of the TDABC and its features The prevalence of ABC system was the widely practiced mechanism that leads to data of product cost that helps in taking strong decision pertaining to pricing, improvements, and management of customer relationship. The main aim of ABC system is to allocate the indirect cost in such a manner that the result projects the demand or resource consumption of a specific companys cost objects. However, the traditional ABC is not free from defects. The main issue is that it depends on the survey of an employee of time spent on activities that are specified in nature (Venanci, 2012). In short, it can be commented that the traditional system of ABC is expensive in terms of set up, consumes time, maintenance difficulty and not flexible when demands modification (Horngren, 2011). However, the introduction of Time-Driven Activity-Based Costing leads to a strong enhancement in the process of ABC. The new and innovated process of TDABC embodies a huge amount of differences and issues by giving inform ation of high calibre without any constraints that were seen in the case of ABC costing. The main feature of TDABC is that it eliminates the difficulties of time consumption, the process of interview and survey to provide n explanation for the pools (Larry Christopher, 2012). The main feature of this method is that it has a major reliance on the time estimates and can be developed linked to direct observation. Furthermore, it accurately accounts for the difficulty that is present in the transactions of business by utilization of the time equations that precisely projects the involvement of time in a specified process, hence eliminating the need to consider various activities to take into consideration different cost linked with a particular activity (Oker Ad?gzel, 2016). Another major feature is that it lessens the processing time needed to churn through the day by utilization of the data feed from the system of ERP. The best trait is that it is easy to maintain, as well as an upd ate (Larry Christopher, 2012). With the utilization of time equations and backed up by ERP system, manager is in a strong position to update the capacity and cost rates. It is important to know that the business can thrive when the appropriate data management system is in practice. A strong support is needed when it comes to the entry of huge orders together with a strong check of the order at various stages. In this scenario, it needs to be noted that the method of ABC handles costing and has led to more opportunities and methodology among the products that range from a variety of custom and products (Robinson Last, 2009). The TDABC system helps in attaining a system of better information that encompasses at the revenues and the profit earnings by projecting the cost differences among various customers. As a matter of fact, the consumers having low demand are given more priority as compared to the customers having high demand (Drury, 2011). However, the application of the TDABC dwells on the time span that is required. This process attains a better position of having a better sum of a specific unit or the process in totality with the cost distribution to the group of resources. As per research, it is evident that TDABC can forecast the resource amounts that are released. It has the potential to limit the released resources (Oker Ad?gzel, 2016). The major benefit that accrues from this process is that is a total of a varied range of features. It needs to be noted that TDABC has some unique features such as the method is easy to understand and ensure preciseness. Secondly, it can be tagged as vibrant in nature as the model associates in a form that is efficient that is linked to ERP and the management of customer relationship. Thirdly, the mechanism has provided support in ensuring visibility during the process of capacity utilization. Fourthly, the biggest benefit is that the method runs on a monthly system that is effi cient in recording the business economy that is present. From this model, the company remains in a position to forecast the resource demand (Vanderbeck, 2013). It helps the organization to prepare the budget for the resource capacity that is linked to the forecast ability of complication, as well as order. Differences between Traditional costing system, TDABC and ABC Traditional ABC ABC TDABC It can be said to be the traditional mechanism of costing advantages that happens in the process of allocation of the cost of overhead to the production of individual unit (Needles Powers, 2013). Under this mechanism there are various overheads that can be traced. This mechanism rests on the method of costing that enables assessment of the different resources group 9 Needles Powers, 2013). This model forecast the scenario where the quantity matrix gets converted into the product overhead driver In this method, the cost of overhead is allocated to the different action through the resource driver Under this mechanism, every resource group is provided due emphasis. In this method, the manager are needed to distribute the overall cost f production to the linked products The cost driver for every action is perceived through this method. This method floats the concept of practical capability for every resource group In this method, accounting is granted to give away the cost that relates to non- manufacturing and deals in expenses of management (Needles Powers, 2013). This method derives at the decision of each activity by distribution of the overall cost activity from the activity driver amount 9 Needles Powers, 2013) It derives at the cost of every unit of the group resource by segregation of the cost amount to every unit through practical skills (Needles Powers, 2013). Evaluation of whether the TDABC is appropriate for clients company As per the ease of use and applicability of costing mechanism, it can be said that the method of TDABC can be used in the organization BHP Billiton. BHP is a pioneer in the field of extracting and processing minerals, the applicability of the method of TDABC would help the business due to the ease of operations. In contrast to another mechanism like traditional ABC and ABC, the model is more convenient and commercial in nature, therefore, it aids in deriving at a better position (Parrino et. al, 2012) . The current mechanism of costing will be convenient for BHP Billiton as it helps in distribution of the resources cost to the activities that helps in driving them to the cost. By having a strong assessment of TDABC it can be commented that such a model will help BHP Billiton in the distribution of resources to the cost objects by the implementation of the framework that will aid in deriving at the place of profit. For the purpose of cost computation, the resource capacity supply needs to be known as it will enable a smooth process for the model (Lee et. al, 2015). The processing department of BHP will be highly benefitted when the application of TDABC will be done. Moreover, it will aid in the determination of the cost that is used in resources, supervision, and technology. The major benefit that can be derived from this method is that it motivates the real process that is needed for the performance of the task of BHP Billiton. This model will help the organization to procure variations in huge number in contrast to the ABC model without paying any heed to the data storage demand, highlighting and materials processing (Lanen et. al, 2008). Once BHP Billiton will implement the model, it will enable the business to withstand various complications rather utilization of the improper model of ABC for the business activities. When it comes to BHP Billiton, the model will ensure that complex business data is preserved and stored in a strong manner that is varying in nature. Moreover, considering the nature of business of BHP Billiton, TDABC will enable enhancement of the complication related to the equation of time (Lee et. al, 2015). BHP Billiton will be provided adequate help and focus by the model of TDABC so that cost object can be projected with precision and in tune to the quantity of every unit that is related to the transaction that is ascertained in the department (Needles, 2011). When it comes to BHP Billiton, the introduction of the model of TDABC enables the company to preserve business information that is of complicated nature and to secure them in a manner that is flexible in nature. As seen in the case of BHP Billiton it can be commented that TDABC will enable the organization to enhance the time equation complication (Horngren Foster, 2008). Further, the mechanism of TDABC will enable the organization in the attainment of a huge number of variations without any complications that relate to the processing of capabilities, data, and storage, etc. Conclusion From the above discussion and report, it can be commented that the use of TDABC is manifold and eliminates the drawbacks that are present in other models such as ABC and traditional ABC. Under such scenario, BHP Billiton can use the method of TDABC and will help the company in the attainment of better results. Further, model ensures that the company will have a flexible and easy to understand the method in contrast to the conventional and complex model such as ABC (Shim Siegel, 2009). Further, from the above report, it is clearly defined that the model of TDABC is easier in terms of maintenance as compared to the traditional ABC model. The time equation asserts this fact. TDABC is easier in terms of maintenance and larger corporations can benefit to a considerable extent. The major key to the benefit of this model rests upon the capabilities vested in the ERP system. In short, TDABC helps in the more accurate projection of the under or over capacity by expression of the capacity in terms of a unit of time References BHP Billiton. (2017). BHP Billiton profile. Accessed January 2018 from https://www.bhp.com/our-approach/our-company/about-us Drury, C. (2011). Cost and management accounting. Andover, Hampshire, UK: South-Western Cengage Learning. Drury, C. M. (2013). Management and cost accounting. Springer. Horngren, C T Foster, G. (2008) Cost Accounting: A Managerial Emphasis. United States Edition Horngren, C. (2011). Cost accounting. Frenchs Forest, N.S.W.: Pearson Australia. Lanen, W. N., Anderson, S Maher, M. W. (2008). Fundamentals of cost accounting. NY: Hang Loose press. Larry M. W Christopher J. S2012, Managerial and Cost Accounting, Pearson Press Lee, J., Park, M., Lee, H.S., Lee, K.P Hyun, H. (2015). Application of Activity-Based costing (ABC) for Modular Building Construction Indirect Costs Calculation at the Manufacturing Stage.Korean Journal of Construction Engineering and Management,16(4),139-145 Needles, B. E. PReferences Press Needles, S. C. (2011). Managerial Accounting, USA: South-Western Cengage Learning . Oker, F Ad?gzel, H. (2016). Time?driven activity?based costing: An implementation in manufacturing company.Journal of Corporate Accounting Finance,27(3), 39-56. Parrino, R, Kidwell, D. Bates, T. (2012). Fundamentals of corporate finance. Hoboken, Robinson, M., Last, D. (2009). Budgetary Control Model: The Process of Translation. Accounting, Organization, and Society. NY Press Shim, J. K Siegel, J G. (2009). Modern Cost Management and Analysis. Barron's Education Series Vanderbeck, E J. (2013). Principles of Cost Accounting. Oxford university press Venanci, D. (2012). Financial Performance Measures and Value Creation. State of art . New York: Springer.
Sunday, April 19, 2020
What Is Meant by Relevance, Reliability and Comparability Essay Example
What Is Meant by Relevance, Reliability and Comparability Essay Explain what Is meant by relevance, reliability and comparability and how they make financial Information useful. 10 marks) (b) During the year ended 31 March 2006, Porto experienced the following transactions or events: 0) entered Into a finance lease to rent an asset for substantially the whole of its useful economic life. (ii) a decision was made by the Board to change the companys accounting policy from one of expensing the finance costs on building new retail outlets to one of capitalizing such costs. He companys statement of comprehensive Income prepared using historical costs showed a loss from operating Its hotels, but the company Is aware that the increase in the value of its properties during the period far outweighed the operating loss. Explain how you would treat the Items in (l) to (Ill) above in Ports financial statements and Indicate on which of the Frameworks qualitative characteristics your treatment Is Dates (15 marks) 2. Elite Leisure is a private limited liability company that operates a single cruise ship. The ship was acquired on 1 October 1996. Details of the cost of the ships components and their estimated useful lives are: component (hull, decks etc) fittings 150 original cost ($million) appreciation basis Ships fabric 25 years straight-line Cabins and entertainment area 300 12 years straight-line Propulsion system Useful life of 40,000 hours At 30 September 2004 no further capital expenditure had been incurred on the ship. In the year ended 30 September 2004 the ship had experienced a high level of engine trouble which had cost the company considerable lost revenue and compensation costs. The measured expired life of the propulsion system at 30 September 2004 was 30,000 hours. Due to the unreliability of the engines, a decision as taken in early October 2004 to replace the whole of the propulsion system at a cost of $140 million. The expected life of the new propulsion system was 50,000 hours and in the year ended 30 September 2005 the ship had used its engines for 5,000 hours. We will write a custom essay sample on What Is Meant by Relevance, Reliability and Comparability specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on What Is Meant by Relevance, Reliability and Comparability specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on What Is Meant by Relevance, Reliability and Comparability specifically for you FOR ONLY $16.38 $13.9/page Hire Writer At the same time as the propulsion system replacement, the company took the opportunity to do a limited upgrade to the cabin and entertainment facilities at a cost of $60 million and repaint the ships fabric at a cost of $20 million. After the upgrade of the cabin and entertainment area fittings it was estimated that their remaining life as five years (from the date of the upgrade). For the purpose of calculating depreciation, all the work on the ship can be assumed to have been completed on 1 October 2004. All residual values can be taken as nil.
Sunday, March 15, 2020
Free Essays on Bombing Of Hiroshima
In 1938 German scientists discovered how to split the nuclei of a uranium atom. Releasing nuclear energy. They feared the Hitler would use this weapon against the US. The scientists searched for a way to contact the US and warn them of the potential threat of other nations creating a nuclear weapon. They look to American-German scientist Albert Einstein, who signed a letter to president Roosevelt warning of the chaos that would be released from an nuclear attack. The letter helped initiate the first American Atomic Bomb Project. In 1941, even before Japan attacked the US at Pearl Harbor, Americas bomb project was growing. On October 9, 1941 President Roosevelt approved research on the actual possibility of creating an Atomic Bomb. The US Government established the top secret Manhattan Project in 1942 to develop an atomic device. The leader Leslie R. Grooves and his team of 129,000 thousand specialists, worked in several different locations but mainly in Los Alamos, New Mexico. Under the direction of American physicist J. Robert Oppenhiemer they designed and tested the first atomic devices in little then four years. An atomic bomb is fueled by the splitting the nuclei of specific elements such as uranium and plutonium. The first atomic bomb, code named ââ¬Å"Trinityâ⬠, was successfully detonated in Aamogrado, New Mexico, on July 16, 1945. The energy released from the explosion was equivelent to that realesed by the detonation of 20,000 tons of TNT. An atomic explosion causes an enourmous shockwave followed instantaneously by a rapid expansion of air called the ââ¬Å"blastâ⬠. These are roughly half the energy released by an atomic explosion. In addition to its nearly unimaginable destructive force made up of pressure waves, flash burns, and high winds, a nuclear explosion also produces deadly radiation in the form of gamma rays. On June 18, 1945, President Truman gave preliminary approval to the invasion plans presented ... Free Essays on Bombing Of Hiroshima Free Essays on Bombing Of Hiroshima In 1938 German scientists discovered how to split the nuclei of a uranium atom. Releasing nuclear energy. They feared the Hitler would use this weapon against the US. The scientists searched for a way to contact the US and warn them of the potential threat of other nations creating a nuclear weapon. They look to American-German scientist Albert Einstein, who signed a letter to president Roosevelt warning of the chaos that would be released from an nuclear attack. The letter helped initiate the first American Atomic Bomb Project. In 1941, even before Japan attacked the US at Pearl Harbor, Americas bomb project was growing. On October 9, 1941 President Roosevelt approved research on the actual possibility of creating an Atomic Bomb. The US Government established the top secret Manhattan Project in 1942 to develop an atomic device. The leader Leslie R. Grooves and his team of 129,000 thousand specialists, worked in several different locations but mainly in Los Alamos, New Mexico. Under the direction of American physicist J. Robert Oppenhiemer they designed and tested the first atomic devices in little then four years. An atomic bomb is fueled by the splitting the nuclei of specific elements such as uranium and plutonium. The first atomic bomb, code named ââ¬Å"Trinityâ⬠, was successfully detonated in Aamogrado, New Mexico, on July 16, 1945. The energy released from the explosion was equivelent to that realesed by the detonation of 20,000 tons of TNT. An atomic explosion causes an enourmous shockwave followed instantaneously by a rapid expansion of air called the ââ¬Å"blastâ⬠. These are roughly half Hemstad 2 the energy released by an atomic explosion. In addition to its nearly unimaginable destructive force made up of pressure wave... Free Essays on Bombing Of Hiroshima In 1938 German scientists discovered how to split the nuclei of a uranium atom. Releasing nuclear energy. They feared the Hitler would use this weapon against the US. The scientists searched for a way to contact the US and warn them of the potential threat of other nations creating a nuclear weapon. They look to American-German scientist Albert Einstein, who signed a letter to president Roosevelt warning of the chaos that would be released from an nuclear attack. The letter helped initiate the first American Atomic Bomb Project. In 1941, even before Japan attacked the US at Pearl Harbor, Americas bomb project was growing. On October 9, 1941 President Roosevelt approved research on the actual possibility of creating an Atomic Bomb. The US Government established the top secret Manhattan Project in 1942 to develop an atomic device. The leader Leslie R. Grooves and his team of 129,000 thousand specialists, worked in several different locations but mainly in Los Alamos, New Mexico. Under the direction of American physicist J. Robert Oppenhiemer they designed and tested the first atomic devices in little then four years. An atomic bomb is fueled by the splitting the nuclei of specific elements such as uranium and plutonium. The first atomic bomb, code named ââ¬Å"Trinityâ⬠, was successfully detonated in Aamogrado, New Mexico, on July 16, 1945. The energy released from the explosion was equivelent to that realesed by the detonation of 20,000 tons of TNT. An atomic explosion causes an enourmous shockwave followed instantaneously by a rapid expansion of air called the ââ¬Å"blastâ⬠. These are roughly half the energy released by an atomic explosion. In addition to its nearly unimaginable destructive force made up of pressure waves, flash burns, and high winds, a nuclear explosion also produces deadly radiation in the form of gamma rays. On June 18, 1945, President Truman gave preliminary approval to the invasion plans presented ...
Thursday, February 27, 2020
Bartonella henselae Research Paper Example | Topics and Well Written Essays - 1000 words
Bartonella henselae - Research Paper Example B. Henselae comes from the rickettsiaceae family and has been identified as a gram negative bacterium. The Gimemez staining procedure has served to be the most appropriate method. It is a bacilliform bacterium which has a curved shape along with a length of up to 2 microns and a diameter of up to 0.6 microns. The bacterium possesses the capability of growth outside cells. An interesting characteristic is that the pathologies resulting from the bacterium result mainly in the seasons of autumn and winter. This is believed to occur due to the breeding season of the cats and owing to the fact that cats are kept inside the house during the cold seasons. This raises the suseptibility of the bacterium to infect the human beings. The severities of the pathological conditions that affect the individuals differ according to the immune status of the patient (Acha et al 2003; Feigin 2004; McCue et al 2007). This paper will serve to analyze the prevalence of the bacterium accompanied with the dis eases that result due to the bacterium. Furthermore, it will highlight the diagnostic techniques that assist in identifying the bacterium along with the appropriate treatment modalities for the pathologies. Body: The epidemiological patterns for B. Henselae are not known for all the diseases. But, Cat Scratch Disease which is the most common pathology occurring due to B. Henselae occurs throughout the world and there is no predisposition for selective geographic areas. According to the Centers for Disease Control and Prevention in the United States, there are 24000 people who contract the disease every year. 2000 people need to be admitted in the hospital because of the problem. The disease affects the younger age groups more mostly due to the increased contact with the cats. The cats become infected with the bacterium owing to bites by fleas and ticks. It has been analyzed that locations with greater fleas tend to show more cases of cat scratch disease owing to the higher infectivi ty of cats. Furthermore, it is also seen that a few dogs may also become infected with the bacterium (Fiegin 2004; Yanoff et al 2008). The bacterium infects the human beings owing to contact with the cats. This has been demonstrated to be true in 90 percent of cases. This may occur due to being bitten by the cat or by being scratched or licked by the cat (McCue 2007). The cat scratch disease that results due to this mainly comprises of pathologies of the lymph nodes associated with raised temperature and lethargy. The first sign is the formation of a papule. The incubation period of the disease is 3 to 5 days. This pathology results mainly in patients who have a competent immune system. The disease is not very severe but in some cases it may extend to infect other organs owing to the systemic spread of bacterium. The disease may present with serious problems including enlargement of the spleen, inflammation of the liver as well as pneumonia (McCue et al 2007; Wilson et al 2002; Yano ff et al 2008). Bacillary angiomatosis is another pathological condition which results due to the bacterium B. Henselae in which there is the formation of vascular lesions on the skin, lymph nodes, brain and the bones. These lesions consist of bacteria and this pathological state mainly develops in the patients who suffer from AIDS. This is owing to their low immune competency. If the bacterium enters the circulation, the patients present with
Tuesday, February 11, 2020
Business Writing Portfolio Essay Example | Topics and Well Written Essays - 1250 words
Business Writing Portfolio - Essay Example The above is, owing mostly to rising gas prices. The Gas prices are unlikely to go down in the near future. Instead, a further rise is expected in the next few months. In order to address the above problem, we feel a need for you to make certain adjustments in your day to day operations. The adjustments are expected to be such that the employees working in the various shifts are allowed to exercise the choice to work lesser hours a day or per week. You may explore the possibilities for the same keeping into account the number of duty roaster change requests you have received in the past few months. We are gladly willing to extend any kind of support and guidance in the matter. Although you are well aware, it is important to point out at this juncture that no new stores are being opened and no stores are being closed down. Thus, the level of competition is expected to remain same. Further, we invite your suggestions on how to address the problem better. You may mail your suggestions a s soon as possible through email or phone on any of the workdays, between 10am through 5pm. Thank you. Warmest regards, XYZ.. Manager Public relations, ABC retail group Message2: Store Employees: A business memo MEMO à To: (Employee Name) à From: (Your name) à Date: (current date) à Subject: Changes in work schedule This is to bring to your notice a change in work schedule that is being planned in next few days. The purpose of this memo is to inform you about the reasons and ways to do so. As you must be aware, owing to rising gas prices, we are experiencing a fall in profits. Besides, you as an employee also must be feeling the strain on your finances due to the same. We have decided to make it less so by allowing you to modify your work schedule and suggest the same to those responsible in your respective sections/departments for planning your duties. The objective is to allow you easy sanction of leaves and also flexible working hours, so that occasional overstaffing can be effectively managed. Full time employees will be allowed to exchange their working hours with any willing full time or part time employees, such that it does not violate the stipulated total number of working hours. This will help consolidate working hours and will require less time and cost in transportation to and from your home to work. To start with you shall work on â⬠¦.(days) for â⬠¦..hours with flexibility to exchange these hours with willing partners with written permission from your section head. The store shall open on Sundays and you are required to work at least four hours this Sunday. You may compensate this with a leave on any other weekday. Message 3: Retail customers: An email message Dear Customer, We are thankful to you for your continued support and loyalty to our retail brand. As part of our constant endeavor to bring the best to our customers, we have planned certain new initiatives that we shall unfold in the coming weeks. Our stores shall be open mo re hours now, so that you may get more time to experience your favorite brand and buy your favorite products at the ongoing deals you always loved. We have introduced more self help counters at the stores, so that you may get relevant product information promptly and require minimal help from our very courteous
Friday, January 31, 2020
Quality Management-Toyota Essay Example for Free
Quality Management-Toyota Essay This paper explores multiple published articles discussing Toyota Motor Companyââ¬â¢s strengths, weaknesses, opportunities and threats. A review of Toyotaââ¬â¢s decisions to hide important information prior to recalls leads us to a discussion of where Toyota can go from here. The paper includes recommendations for Toyota Motor Company in order to move forward after their 2010 recalls. In addition, organizational changes will assist Toyota Motor Company in overcoming their recall problems. QUALITY MANAGEMENT 3 Quality Management within Toyota Motor Company After a number of discouraging recalls at Toyota Motor Company in 2010, a number of quality management techniques were implemented. Toyota Motor Companyââ¬â¢s SWOT Analysis played into the newly implemented quality management techniques. Toyotaââ¬â¢s strengths allowed them to fight back quickly against these recalls that could have ultimately led to Toyotaââ¬â¢s fall from one of the top motor companyââ¬â¢s. Toyota Motor Companyââ¬â¢s strengths include dominant position in the marketplace, strong brand recognition, strong focus on research and development, and broad production and distribution network. In addition to Toyotaââ¬â¢s strengths, their weaknesses were reviewed in order to find opportunities to capitalize upon. The recalls were obviously a large weakness at Toyota. Opportunities were reviewed which included the growth of the global automotive industry. Last, Toyotaââ¬â¢s threats were reviewed. Here it was found that powerful competition is a worry for Toyota Motor Company. After the review of Toyota Motor Companyââ¬â¢s SWOT Analysis, the issue of the recalls was assessed. Analysis shows the issue within Toyota Motor Company did not appear overnight. However, secretive management styles let the company astray. A diagram was created by functional area to summarize how Toyota has responded to these recall problems. The functional areas reviewed include management, production design and safety, quality, and manufacturing. Last, the analysis of Toyota Motor Companyââ¬â¢s recall and quality management issues are discussed from a point of solving the problem. Recommendations are discussed that will help Toyota Motor Company to turn their weaknesses into strengths. QUALITY MANAGEMENT 4 Method Discussion SWOT Analysis Internal Factors Strengths Weaknesses Product â⬠¢ Dominant position in the marketplace â⬠¢ Strong brand recognition â⬠¢ Strong focus on Research Development â⬠¢ Broad production and distribution network. â⬠¢ Product recalls have the ability to negatively affect brand image â⬠¢ Declining sales in crucial geographic areas External Factors Opportunities Threats Competition â⬠¢ Growth of the global automotive industry â⬠¢ Potential benefit from partnering with BMW â⬠¢The outlook for the new global car market is strong â⬠¢ Powerful competition â⬠¢ Appreciation of the Japanese Yen â⬠¢ Environmental regulations â⬠¢Natural disasters Strengths. Toyota has a number of internal product strengths as noted in the SWOT Analysis table above. Toyotaââ¬â¢s market share in 2011 was 16. 5 percent, its highest market share in 4 years. This strong market share allowed Toyota to hold a competitive advantage against their competition. In addition to holding a dominant position in the marketplace, Toyota possesses strong brand recognition through a number of brands. These brands include Toyota, Lexus, Prius, Corolla, Yaris, Camry, Sequoia, 4Runner, Scion tC, Highlander, Land Cruiser, and a number of other brand names. These brands are some of the most desired premium brands in the world according to the Company Profile report for Toyota Motor Company documented by MarketLine. QUALITY MANAGEMENT 5 Another strength of Toyota is their strong attention to research and development. According to the Company Profile report, Toyotaââ¬â¢s focus on research and development is pointed towards the creation of new and improved products. Research and development operations are conducted at 14 facilities located around the world. This strength has allowed Toyota to increase the technology included in existing products. One of these products, a Pre-collision System (PCS) helps drivers avoid collisions. Overall, the strong focus on research and development has been a big strength for Toyota. Last, Toyotaââ¬â¢s production and distribution network has been a big strength for the company. Toyota produces automobiles, related parts, and other components through more than 50 manufacturing companies throughout 27 countries and regions, not including Japan. As mentioned on the Toyota Motor Company website, major locations include Japan, the United States, Canada, the United Kingdom, France, Turkey, Thailand, China, Taiwan, India, Indonesia, South Africa, Australia, Argentina, and Brazil. As reported by Toyota Motor Company, during fiscal year 2013 the company had consolidated vehicle sales totals of 8. 871 million units (TCM, 2013). As reported by Toyota Motor Company, this was an increase of 1. 519 million units compared to the previous fiscal year. In addition to the widespread production of Toyota products, the company has a large distribution network. Toyotaââ¬â¢s distribution network is one of the largest in Japan encompassing four sales channels (Toyota, Toyopet, Corolla, and Netz). In 2012 the distribution network of these channels was comprised of 283 dealers. In addition to this network, Toyota operates over 170 Lexus sales channels in Japan. QUALITY MANAGEMENT 6 As reported by Toyota Motor Company, in fiscal year 2013 these networks accounted for the following vehicle sales: â⬠¢JAPAN SALES TOTALED 2. 279 MILLION UNITS â⬠¢IN NORTH AMERICA VEHICLE SALES TOTALED 2. 469 MILLION UNITS â⬠¢IN EUROPE VEHICLE SALES TOTALED 799,085 UNITS â⬠¢ASIA CAME IN AT TOTAL VEHICLE SALES OF 1. 684 MILLION UNITS â⬠¢CENTRAL AND SOUTH AMERICA, OCEANIA AND AFRICA CAME IN AT 1. 640 MILLION UNITS As you can see, Toyotaââ¬â¢s distribution network is widespread allowing for diversification and a wide reach of clientele, ultimately boosting revenues and sales. Weaknesses. A large focus of the case study focuses on the weakness of Toyotaââ¬â¢s product recalls. As many are aware, Toyota has encountered a number of recalls in the recent past. It is a concern that these recalls could negatively affect Toyotaââ¬â¢s brand imagine ultimately leading to decreased sales for the company. When searching for Toyota recalls it was easy to find a few recent recalls. The most recent is a recall of 700,000 Toyota Prius models which were recalled over electronic issues in the United States (csmonitor. com, 2014). Another very recent recall includes certain versions of the Lexus RX crossover. In this case, more than 261,000 vehicles are being recalled due to a brake issue (csmonitor. com, 2014). In addition to the many recalls, Toyota has been involved in a number of lawsuits. In December 2012, Toyota settled a suit by paying $17. 4 million to the National Highway Traffic Safety Administration to settle claims related to the June 2012 recall of potential accelerator pedal entrapment issues. This bad press will ultimately result in a negative effect on consumerââ¬â¢s confidence in Toyotaââ¬â¢s brand. In addition, the settlement of suits ultimately decreases Toyotaââ¬â¢s QUALITY MANAGEMENT 7 profits. As a result of this bad press Toyota saw a decline in 2012 sales in important geographic areas. Declining sales in fiscal year 2012 were seen across North America, Asia, and Europe. Opportunities. As reported by the article, Global automotive industry to experience modest growth in 2012, a number of opportunities exist in the global automotive industry (2012). The Japanese auto industry responded from natural disasters which had caused reduced inventories and production. It is forecasted that the industry will continue to grow increasing Toyota revenues. In June of 2012, BMW and Toyota signed a long-term partnership. The two companies are partnering on the developments that will help to increase market share and sales. This relationship is expected to increase technology between the two companies as well as result in new product development. In addition to these opportunities, the new car market is experiencing moderate growth which will assist in increased sales and profits. Threats. Intense competition in the worldwide car market has become very competitive. This competition will likely increase in the upcoming years as competitors add more technology and increase developments. In addition to the intense competition, the appreciating Japanese Yen has become a big concern for Toyota. Last, environment regulations have the potential to increase production costs. Emissions regulations that are updated periodically could cause issues in new car production. Evolvement of Quality Management Issues At first glance, it seems that Toyotaââ¬â¢s gas pedal issue appeared overnight. However, upon further research, evidence was found to prove the opposite. As reported in the article Secretive Culture Let Toyota Astray, evidence that Toyota cars could suddenly speed up had been piling up for years (2010). At the time of the recalls, Toyota had known about this gas QUALITY MANAGEMENT 8 pedal problem for more than a year. The problem was stated to be Toyotaââ¬â¢s secretive corporate culture in Japan which ultimately conflicted with United States requirements that auto makers disclose safety threats. New initiatives brought to the table by Toyota have attempted to correct the previous secretive culture of Toyota. Total quality management initiatives have been put in place to assist in better customer service and safety and repair issues. According to Jacobs and Chase, total quality management can be defined as managing the entire organization so that it excels on all dimensions of products and services that are important to the customer (Chase and Jacobs, 2014, p. 296). The table following this discussion addresses the steps Toyota has taken in response to its recent quality recall problems. Functional Area Quality Management Steps Management â⬠¢ Managing Director names to oversee any safety-related issues â⬠¢ Top down management approach Product Design Safety â⬠¢ Troubleshooting teams known as Swift Market Analysis Response Teams work to find any safety issues that need to be reported Quality â⬠¢ TAQIC ââ¬â Toyota Advanced Quality Information Center staffed by a group of employees who compile repair reports from dealerships worldwide â⬠¢ 1000 engineers hired to spot-check quality Manufacturing â⬠¢ No drastic changes to assembly lines QUALITY MANAGEMENT 9 Results/Discussion Problem Solution As discussed in the diagram above, there were many opportunities for Toyota after their encounter with the recall situation. Akio Toyoda, the head of the company, acted quickly by implementing a top down management approach instead of the more popular Japanese ââ¬Å"bottom upâ⬠approach that slows down the decision making. In addition, Akio cut board of directors by fifty percent and cut out management layers. Akio also began meeting with his top five advisers on a weekly basis. In these meetings decisions were made quickly. Akio pushed his team to make ââ¬Å"always better cars. â⬠This change in the way the organization is managed helped Toyota to stay on top even through the recalls. Recommendations Many recommendations have been made to assist Toyota Motor Company in improving the recall situation they encountered in 2011. Some recommendations Toyota should follow include as recommended by the North American Quality Advisory Panel include the following: â⬠¢GIVE NORTH AMERICAN OPERATIONS MORE INDEPENDENCE IN MAKING RECALL DECISIONS â⬠¢STRENGTHEN QUALITY CONTROL PROCESSES â⬠¢EXTEND DEVELOPMENT TIME OF NEW PRODUCTS TO INCLUDE MORE SAFETY TESTS â⬠¢CREATE A ROLE OF CHIEF SAFETY TECHNOLOGY OFFICER. â⬠¢CREATE AND LAUNCH A SAFETY RESEARCH CENTER FOCUSED ON PROTECTING THE MOST IMPORTANT clientele (children, teens, and seniors) QUALITY MANAGEMENT 10 These ideas follow the concept of total quality management which focuses on two fundamental goals: â⬠¢CAREFUL DESIGN OF THE PRODUCT (IN THE CASE OF TOYOTA MOTOR COMPANY, THE VEHICLE) â⬠¢ENSURE THAT TOYOTA MOTOR COMPANY SYSTEMS CAN PRODUCE THIS DESIGN IN A CONSISTENT manner Quality at the source seems to be a great way for Toyota Motor Company to proceed. Quality at the source means that the person who is doing the work is taking the responsibility for making sure the work meets specifications. As previously discussed, safety control will be a huge initiative for Toyota Motor Company going forward. If implemented, these recommendations can do a lot to help Toyota Motor Company increase their organizational effectiveness. As previously discussed, many organizational steps were taken by Akio Toyoda after these recalls. It seems that Toyota could greatly benefit from organizational learning. As stated by Operations and Supply Chain Management, ââ¬Å"it has been argued that organizational learning is critical to sustaining a competitive advantageâ⬠(Chase and Jacobs, 2014, p. 138). Organizational realignment was important to Toyota Motor Company after the 2010 and 2011 recalls. According to a Toyota news release in December of 2008 organizational changes include the establishment of the below: QUALITY MANAGEMENT 11 â⬠¢A GOVERNMENT AND PUBLIC AFFAIRS GROUP WHICH WAS FOCUSED ON QUICK RESPONSE TO inquiries from around the world while also unifying public affairs functions. â⬠¢AN ACCOUNTING GROUP AIMED AT STRENGTHENING THE BUSINESS MANAGEMENT AND FINANCIAL management system of Toyota Motor Company. â⬠¢A EUROPE AND AFRICA OPERATIONS GROUP INTENDED TO ASSIST WITH BUSINESS PLANNING IN African and Central Asia. The group was also established to conduct business promotion events in both Europe and Africa. â⬠¢A PRODUCTION ENGINEERING GROUP AIMED AT INCREASING THE STRENGTH OF THE QUALITY control system for semiconductors for hybrid vehicles. The recommendations made are important to Toyotaââ¬â¢s future. Reorganization and creation of new groups within the organization will help Toyota to overcome these recalls. QUALITY MANAGEMENT 12 References Ingram, A. (2014, Feb 12). Toyota recall: 1. 9 million Prius vehicles recalled to fix software glitch. Retrieved from http://www. csmonitor. com/Business/In-Gear/2014/0212/Toyota-recall-1. 9-million-Prius-vehicles-recalled-to-fix-software-glitch Jacobs, F. R. , Chase, R. (2014). Operations and supply chain management. (14 ed. ). New York, NY: McGraw-Hill/Irwin. Lassa, T. (Feb, 2012). U. s. market share for the top five automakers. Retrieved from http://www. motortrend. com/features/auto_news/2011/1202_u_s_markets_share_for_the_ top_five_automakers/ Linebaugh, K. , Searcey , D. , Shirouzu, N. (Feb, 2010 08). Secretive culture led toyota astray. Retrieved from http://online. wsj. com/news/articles/SB10001424052748704820904575055733096312238 ? mod=WSJ_hpp_LEADNewsCollectionmg=reno64-wsjurl=http://online. wsj. com/artic le/SB10001424052748704820904575055733096312238. html? mod=WSJ_hpp_LEADNewsCollection Marketline. (2013, Jan). Toyota motor corporation swot analysis. Retrieved from http://web. a. ebscohost. com. library3. webster. edu/ehost/detail? vid=4[emailprotected]hid=4212bdat a=JnNpdGU9ZWhvc3QtbGl2ZQ== Ridley , G. (2012, Jan 06). Global automotive industry to experience modest growth in 2012. Retrieved from QUALITY MANAGEMENT 13 http://www. ey. com/GL/en/Newsroom/News-releases/Global-automotive-industry-to-exp erience-modest-growth-in-2012 Taylor, A. (2012, Feb 27). Toyotas comeback kid. Fortune, 165(3), 72-79. Retrieved from http://web. b. ebscohost. com. library3. webster. edu/ehost/detail? [emailprotected]vid=1hid=126bdata= JnNpdGU9ZWhvc3QtbGl2ZQ TMC. (2013, May 08). TMC announces year-end financial results for fiscal year ended march 31, 2013. Retrieved from http://www2. toyota. co. jp/en/news/13/05/0508_1. html Voss, M. (2011, May 23). Toyota receives recommendations from north american quality advisory panel. Retrieved from http://corporatenews. pressroom. toyota. com/releases/toyota receives recommendations north american quality advisory panel. htm.
Thursday, January 23, 2020
Tech Prep :: Education School Careers Essays
Tech Prep Tech prep has become more widely accepted by educators and the business community as real changes have been made in curriculum, courses, and programs. However, the jury is still outabout whether the anticipated student, school, and community outcomes are being realized. This essay examines the extent to which tech prep is succeeding as a unique effort, living up to the claims that have been made for it. Over the years, educators have been challenged by a number of federal, state, and local initiativesthat profess to result in better educational outcomes for students. Highly marketed at their inception, many of the initiatives ultimately fade into obscurity, some absorbed as part of otherprograms. Examinations of tech prep and its relationship to school-to-work initiatives point to thedistinctions that make each of the two programs unique and highlight the characteristics that makethem similar. Program focus is the most distinguishing feature that differentiates tech prep from school to work.Tech preps focus is primarily on school-based learning, whereas school-to-work programs alsoinclude work-based learning and linkages between the two. The distinction is less clear when thecore elements required for tech prep vary among tech prep consortia, as they are reported to do(Owens 1996). For example, when tech prep adds elements that include work-based and careerguidance components, it becomes similar to school-to-work, which may explain why someeducators are seeing little or no difference between the two. Of the 100 persons surveyed at the1996 American Vocational Association Convention, however, only 15 percent saw tech prep andschool-to-work as being exactly the same (Bragg 1996). Most of the surveyed tech prep consortia did not see the two efforts as synonymous, but perceived tech prep as a component of school to work: 35% of the respondents considered techprep to be the foundation for school to work; 50% considered tech prep to be under the school-to-work umbrella (ibid). However, for funding as well as program issues, most local techprep coordinators believe that tech prep should retain its unique identity to ensure that thebenefits of its processes and procedures are not lost or duplicated by school-to-work (Bragg et al.1997). Survey responses from 42 of 50 state directors of vocational-technical education showedagreement with the view that tech prep is one option within school to work and that its identityneeds to remin strong (Dykman 1995). Imprecision in defining the two reforms can create confusion and frustration among allstakeholders. At one of the five field sites studied during the 1996-1997 academic year, forexample, tech prep was "viewed as a premier approach to STW for more academically talentedstudents, incorporating both school-based and work-based components.
Wednesday, January 15, 2020
Core Areas of a Successful Business Essay
I.Ethics Leadership and ethics are more than closely related. They are one in the same. A famous quote by James MacGregor Burns sums up the correlation well, ââ¬Å"Divorced from ethics, leadership is reduced to management and politics to mere technique.â⬠(James Macgregor Burns) The quote touches on two very distinct differences. One aspect is leadership, and the other management. One who is a leader has the ability to inspire. He or she can inspire others to work harder, take on tasks thought to be impossible, and the leader could also inspire ideas. The ideas could come directly from a leader, or from those around him or her. A leader has complete clarity and vision. They also have a knack for overcoming obstacles and having others see and share their viewpoint. Another attribute that great leaders possess is the ability to show balance when handling various issues. They are able to balance ethic justice with ethic core. Ethic justice is defined by law and logic, as ethic core is defined by how it influences people on an emotional level. There have been various examples of ethical violations or moral ambiguity in business involving companies such as ENRON and TYCO. These companies were all about the perception of success. However, if someone were to investigate into the numbers, he would see there were serious problems. Hiding debt in dummy companies and offering excessive bonuses to executives are just a few examples of these violations. Where was the oversight? Well, the people who were in charge hand their hands out like everyone else. These individuals seemed oblivious to the consequences of their actions or those who would be hurt in the process due to their greed. Key decisions werenââ¬â¢t made at lower management level. Rather, they were being made at the executive level! Isnââ¬â¢t it the role of effective managers to prevent occurrences like this from happening? What is managementââ¬â¢s position in these particular circumstances? Is there a specific procedure they should always follow? II.Processes of Management How do management and leadership differ from one another? It is best simplified by this quote from Peter Drucker, ââ¬Å"Management is doing things right; leadership is doing the right things.â⬠The terms manager and leadership are commonly used to mean the same idea, although they serve different purposes. Mr. Drucker gives a glimpse of the differences within his quote. Management is defined as a process that is used within an organization to help accomplish goals. The overall process of management includes planning, organizing, leading, and utilizing individuals and resources available within the organization. Planning is all about strategy and positioning. Having a clear understanding of the companyââ¬â¢s objectives will streamline the planning portion of the process. Being able to identify trends are critical in meeting the demands of a business. A well-developed plan will help diminish the chances of failure of an organization. The plan requires structure and a team to deliver the plan. It is important that the structure be in place, and everyone has a clear understanding of their role. The concepts of organizational structures have in practiced for nearly one hundred years. In 1919, a French economic theoretician ââ¬Å"Henri Fayolâ⬠published a book titled Administration Industrielle. It was one of the first publications that outlined the various aspects of a functioning business structure. He spoke about how to best to divide the function of business: creating a unity of command, hierarchy of authority, division of labor, and putting in place clear channels of communication. (Nickels & McHugh, 2010, p. 207) Another theory was developed by Max Weber. Max Weber wrote a book titled The Theory of Social and Economic Organizations. He shared many of the same theories as Henri Fayol. However, Max Weber was of the belief that less educated workers carried out tasks better if they were guided closely and given strict rules by middle management to be performed. (Nickels & McHugh, 2010, p. 208) Today many of those theories are still practiced. Businesses have to develop strategies allowing them to be nimble. If a business is slow to react to the market demands, they could be left behind. This is a costly proposition for companies looking to expand. Organizations seem to be moving toward a decentralized authority. This empowers the managers and employees to make decisions based upon their market needs quickly. A faster response time translates into improved customer relations and builds brand loyalty. This type of strategy is found in retail department store chains. On the other hand many fast food chains believe in the concept of centralized authority. All decisions on purchasing and promotion come from those in upper management. This allows companies such as McDonalds to keep their product consistent. (Nickels & McHugh, 2010, p. 210) It is unlikely that a drastic philosophical change within retail or fast food will take place anytime soon. There have been innovative changes within other market segments concerning team structuring and how to best respond to the demands of the consumer. For example, if a company wants to introduce a new product and bring it to market quickly they have the ability to pool their internal human resources. Simply put as bringing the best minds from all facets of the business and have them work on a specified project. This team is commonly known as a cross functional team. What is so unique about this team is that they are self-managed. They may also share different managers during the task. The engineer may work closely with the team on the design of the product. However, when it is time to distribute and brand the product the marketing manager may take over. They also work together on a long term basis fostering new opportunities. (Nickels & McHugh, 2010, p. 218) Working in teams can be great at moving an organization forward and carrying out task delivered by management. Teams can also seize opportunity by having the ability to quickly respond to a changing market such as technology. The biggest advantage of working in a team would have to be communication. Working as a team has far more advantages compared to its disadvantages. Some of the drawbacks would be the team having or developing a disconnection from the corporationââ¬â¢s core values or a feeling that they are their own entity. This occurs when areas are departmentalized from other functions of the business. Sometimes, if a common goal is not reinforced, it can cause some employees to become disengaged. If you have ever been part of a team where one of the members is negative and disengaged it can become infectious. At a minimum it becomes a distraction and disruptive to the team and its progress. (Nickels & McHugh, 2010, p. 212) At what point does leadership step in to take charge? What role, if any, does leadership play in business? III.Leadership Leadership is universal as the principles that define effective leadership are equitable worldwide. This is because leadership is mainly founded on principles that revolve around human relations. It usually requires one to be selfless. Individuals in leadership should always prioritize the needs of all the people who are under his command before his personal needs or interests. There are several styles that have resulted in effective leadership. These styles depend on the demands and requirements of the individuals involved and the tasks facing the institution. However, these styles have also been forced to evolve with the changes brought along by the 21st century. This section tackles the evolution of leadership taking into account various styles and use of varied examples in a bid to highlight and make the issue most comprehensible. Leadership styles revolve around three key points. The first includes the manner in which a leader gives guidelines or directions to his subordinates. Secondly, it is also determined by the method through which the leader implements his plans. Lastly, leadership style is also largely influenced by whether or not the leader motivates people to produce the desired results. Leadership styles are usually categorized into three different and unique styles when referring to individual leaders. One of the leadership styles that have been around for ages is the authoritarian or autocratic type of leadership. In this case, the leader gives the employees orders on what they want to be executed and the execution manner. An authoritarian leader usually is strict on the regulations and policies governing the employees of the company. An example of an authoritarian leader is a traffic police officer giving directions to motorists (Glanz, 2002). According to Glanz, a true leader is best characterized if he or she serves as a role model to others by promoting corporation between them. Moreover, one should also empower other individuals by giving praise where necessary or including them in the process of decision making. Lastly, a leader should communicate effectively to his employees on both his values and those that govern the organization. Another form of leadership style is democratic or participative type of leadership. In this case, the individual in the leadership position includes other people in decision making. Despite this, the leader is the one to make the final decision on the matters at hand. There is also a leadership style where the leader delegates the role of decision making to the employees while giving minimal or no guidance. This style is referred to as free-rein or delegative type of leadership. This style works well where the employees are competent, and the leader has confidence in them. Having any characteristics of these three leadership styles doesnââ¬â¢t mean you canââ¬â¢t enhance your role as a leader/manager with vision, value, and ethics. How does following these important guidelines improve your role as a leader? Leaders that impact businesses and employees on a daily basis know what they value. They also recognize the importance of utilizing their ethical behavior. The best leaders exhibit their values and ethics in their leadership style and actions. Defining your leadership ethics and values should be visible because you are living them in your actions every single day. A lack of trust can become a serious problem in many workplaces throughout the business world. If leaders never identified their values in these workplaces, the mistrust becomes understandable. If leaders have identified and shared their core values then living those values daily will create trust with everyone. Workplace ethics take the same route when the organizationââ¬â¢s leadership has a code of conduct and ethical expectation; they become an organization joke if the leaders fail to live up to their published code of ethics. Leaders that exhibit ethical behavior powerfully influence the actions of others including the employees that will eventually make that leader successful. As a leader, choose the values and the ethics that are most important to you, the values and ethics you believe in and that define your character. Then live them visibly every day in the workplace. Living your values is one of the most powerful tools available to you to help you lead and influence other s. Just as in the business text of class; leaders must communicate a vision, establish their values, promote their corporate ethics, and embrace change, and stress accountability and responsibility among employees to become an effective leader in management. How could you improve your role as a leader/manager to become more effective? Managers are often seen as administrators and not leaders, depending on how we define leadership. The meaning of leadership is defined as promoting new direction either in people or organizations. It has nothing to do with being in a position of authority over others. What do we define as management? This is having responsibility for people and other resources with the goal of getting work done as efficiently and effectively as possible. The goal of the manager is to execute the directions promoted by the leader. Managers do not differ from leaders based on their personalities or styles as leaders are not just more lively, charismatic or larger than life managers. Any manager can lead by promoting new directions. Managers can be as inspiring as leaders even when they are wearing their managerial hat; hence, aiming to get work done efficiently, they try to inspire employees to improve performance rather than move them to change direction as leaders do. Both leaders and managers can influence quietly or by example without being charismatic. Any person can step into management, but the real question is how that individual is going to lead his people or team. Managers become successful only by understanding what it takes to be an effective leader to promote change with accountability. An individual can manage, but the true success of a powerful leader is the reflection of performance among its subordinates. An imposing leader knows how to manage as well as how to promote change effectively and positively from leading by example. Becoming an effective leader will eventually give an individual the success to reach his/her employees through positive influence and by achieving the high expectations handed down by the company objective. It is up to the individual leader on how he wants to manage his people in order to receive the best end-results. Taking all of these aspects into consideration, does someone in a leadership position have an obligation to motivate his or her employees, or is it up to the employee to realize his or her motivation? IV.Employee Motivation Many corporations today explore various strategies on how to improve production and motivate their staff to give one hundred percent toward the companyââ¬â¢s goals. The most successful companies and organizations always seem to have extraordinarily strong leadership. There are many ways in which strong leadership can motivate the employees in an organization. Strong leadership can be used to energize a team in the workplace. A formidable leader should create a positive correlation between the workers and their employer. Moreover, the leader should be able to pool energy from each worker so as to improve performance and productivity as a team. Strong leaders have enormous reserves of spiritual, emotional and physical energy. The leader should be able to create a time for reflection of performance and also interpersonal evaluation of the strengths and weaknesses of every employee. This is because the investment in employees helps to improve performance and also improve motivation (Adair, 1998). Powerful leadership in the workplace can help to motivate the employees through effective communication. Communication helps to influence employees to improve their performance. In addition, delegation of duties within an organization is carried through communication, and it is essential for employees to communicate their concerns in the workplace to avoid inconvenience. An influential leader is a person who listens to the grievances of the subordinates and provides possible solutions to improve the level of performance. Moreover, a prominent leader should also be empowered to solve problems and to suggest solutions for the problems affecting the employees in the workplace. This means the information from every employee should be handled with the respect it deserves, including a concentrated effort placed on improving interpersonal relations with their employees. This reduces conflicts and creates a platform for employees to act as a team (Advameg, 2012). One valuable method to motivate employees in the workplace is to mentor them and encourage them to grow and work as a team. This improves their partnerships and helps the organization to benefit in the long run. The fundamentals of motivation should be based on influencing the employees and helping them to achieve success. In essence, the leader should limit the regulations and set rules. Any change of an objective or rule should be communicated effectively to avoid frustrations which may be created by the confusion. It should also be understood that employees work effectively in an environment where there are reduced rules and regulations. The rules should be developed in such a manner that they enhance integration and cohesion within the workplace (Emmerich, 2009). Awarding the employees who have performed well in an organization is one of the ways which motivates them and improves their capability. The top leadership should ensure that there is the creation of incentive programs in which the best performing employees are awarded according to their performance in the workplace. The main purpose for creation of incentive programs is to show the employees that the organization values and cares about them. In addition, through the rewarding of performance employees are encouraged to continue to seek improvement in their job. The production of employees is prone to increase after they have been motivated using incentive programs Messmer, 1995). Incentive programs motivate performance through maximization of results. Outstanding performance over a period of time should be rewarded through promotion or through the provision of incentives. The incentives should be based on hard work and should vary from one employee to the other. This helps to improve competition and also to help motivate the weaker employees to increase their performance within the organization. The leadership has the obligation to create a program in which the top performers are rewarded according to their performance in the work place. Alternatively, the salaries and remuneration of the top performing employees should be increased to encourage them to work towards achievement of personal goals and objectives (Emmerich, 2009). Performance based on consistent meeting of the objectives should also be rewarded. Some form of compensation helps to encourage employees to invest their personal best into an organization. Employers who reward their subordinates on performance based on consistency have increased rates in meeting of personal goals and objectives. Rewarding the employees shows them that they are important, and increases their level of motivation, consequently leading to excellent performance. This also shows employees that they are highly valued and are significant assets to management. Furthermore, rewarding employees helps to retain them and increase their morale in the workplace. Employees should also receive unexpected rewards to express appreciation for all of their diligence on the job. This unanticipated compensation explicitly illustrates their importance in the organization (Messmer, 1995). One of the proven ways of motivating employees is the reduction of turnover in the workplace. Reducing turnover creates cohesion and trust among the employees. Reduction of turnover also helps to maximize potential through reduction of the costs of retaining valuable employees. When the numbers of employees are at an optimum level, the rate of performance increases. This means that hardworking and promising employees within an organization should be retained while the unproductive employees should be dismissed. Arguably, it is evident that employees who leave their employment have the reason of being unmotivated and unsatisfied. Good leadership would solve these problems while helping to improve performance in the long run. However, the individual who displays a sense of pride complimented with self-motivation is the most valued employee and a key contributor to the success of any organization. (Advameg, 2012). Operating a successful business is by no means any easy task. For lack of a better analogy, itââ¬â¢s like a well-oiled machine. All the pieces have to be working together and each piece doing its fair share of the work. If one were to go down, then the others have to pick up the slack for the malfunctioning section. In business, each position has to be working together to achieve successful financial as well as intangibly. If not, then a company could very well be on the path to failure.
Monday, January 6, 2020
Censoring The Censorship Of Media - 3205 Words
Cesar Ortega Mrs. Martinez English, Period 8th 11/28/2014 Censoring In the 21st century the censoring of media should be scarce but in the contrary itââ¬â¢s being reinforce by countries. For instance, the act of censoring gay media hurts all those individuals who are members of the LGBT community and those who wish to learn more about the LGBT community and its history. It prevents people who wish to find more resources and information that might be able to change their life for the better. Censoring gay medial is okay when it promotes hatred and violence but it should not be censor when it promotes helpful information. It can also promote tolerance and acceptance for gay people and in the process it would be fighting hatred andâ⬠¦show more contentâ⬠¦Is not just one country that makes it impossible for gay people to be free and openly gay, there are dozens. Itââ¬â¢s a real shame to see that many governments are ignorant enough to believe that imprisonment of gay people will solve the problems their country possesses. When coun tries like Cameron have laws that punish people for being gay there is also expected for those countries to censor websites and media the show gay couples or LGBT resources. In a very similar way is Ugandaââ¬â¢s Rolling stone newspaper publishes photographs of gay people with ââ¬Å"the headline ââ¬â¢Hang Them, They are after Our Kids: Pictures of Top 100 Homosââ¬â¢Ã¢â¬ (Oates). Having a government that supports discrimination towards gay people makes it impossible for anyone to be willing to speak out loud to try to stop the injustices toward the LGBT community. The people fear that if they speak up they would be putting their life at risk. In a society where the persecution of gay people is vastly supported there is not a lot of resources available for people to understand that gay people are being misrepresented with the wrong convictions. As is also well known in Russia where ââ¬Å"Anti-free-speech laws targeting homosexuals are sweeping Russian citiesâ⬠(Anton ova).Though Russia might not directly punish gay people for being gay, they are suppressing their rights that allow them to express themselves. With laws that are intended to prevent gay people
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