What Is The Context For Risk Management Essay - 3025 Words

What is the context for risk management in IANZ? IANZ’s risk management context divided into two parts â€Å"Organisational and Strategic†. This assessment will describe few points of these parts, which are related to IANZ’s background, nature and environment of this institution. ORGANISATIONAL CONTEXT OF IANZ 1) What is the Mission of IANZ? Mission of IANZ is to help prepare excellent and outstanding students, scholars and graduates in the field of business marketing and English language. For that they commit to make their teaching and education standard advanced, that’s good for their students future. IANZ insure that their students reach highest potential for adopt challenges and changes in their further study or life. IANZ is passionate about their student’s further study and also support those students who want to make it (A few words about us, 2014). 2) What are IANZ’s core values? Respect and commitment: - IANZ’s commit to provide their students better quality of education than other institutes. IANZ provide separate tutor to all level batches to make that happen. IANZ also respect the contribution of their staff as well as students which helps them to be succeed as good education provides in NZ. Personal and Social Responsibilities: - IANZ’s big responsibility is to make sure that they are providing their students that environment where they can study without any disturbance. Because students came from different countries and religions, so it’s their responsibilityShow MoreRelatedMacvile1267 Words   |  6 PagesIdentify Risk and Plan Risk Management MacVille Assessment 1 Submission details (Due: week 6) Candidate’s name | | Student ID | | Assessor’s name | Olga Borovkova | Email | | Assessment site | Cambridge International College | Assessment date/s | | Time/s | | Contents Risk Context 2 Have your read the assessment 2 Your role and task 3 Internal Risks Context 3 External Risks Context 4 Evaluation Criteria 4 MacVille Risk 4 SWOT 5 Check list 5 StakeholdersRead MoreQuestions On Information Security System1271 Words   |  6 PagesQuestion 1: What is information security? Answer: Information Security is the practice of defending (guiding) information by considering the CIA Triad Principles which are Confidentiality (Authorize access), Integrity (Accuracy and Completeness) and Availability. Question 2: How is the CNSS model of information security organized? Answer: The Committee on National Security System (CNSS) is organize by considering the secure system attributes known as CIA triangle which extend the relationship amongRead MoreSocial Networking, E Commerce, Information Systems, It Risk Management Essay1215 Words   |  5 Pagesare Social networking, E commerce, information systems, IT risk management and how they have influenced the modern day business organizations in terms of Promoting their business through social networks, how important to have a risk management plan in an organization, and how Ecommerce has become essential part of the business, also The value of information system is for the people of the modern world. Introduction Social Networks:- What are social networks? Social networking is a plat form, onlineRead MoreIT Risk Management Framework Essay1001 Words   |  5 PagesAssess and Manage IT risks 4.3.1 PO9.1 IT risk management framework IT risk management framework is a necessary framework for every successful enterprise. So the City Medical Partners also need their own IT risk management framework. IT risk management framework can avoid the future risks and it also can gain the benefits. And the IT risk management framework need to fit with the risk management objectives of the enterprise - City Medical Partners. The example for risk classifications: StrategicRead MoreEstablishing Context For Risk Management Process792 Words   |  4 PagesEstablishing context for the risk management process involves identifying the structure of the risk management process, including risk architecture, strategy and protocols (see Appendix, Figure 15.3.3). The company may use a FIRM Risk Scorecard to identify internal and external risk drivers that present the greatest potential for exposure (see Appendix, figure 15.3.4). Establishing context for risk criteria focuses on defining organizational standards for risk measurement and evaluation. Risk measurementRead MoreDatabase Consolidation Is The Process Of Centralizing And Sharing Of Resources For Multiple Databases1186 Words   |  5 Pagesbrings cost and management benefits to IT administration, database consolidation contributes many of the same benefits plus a few of its own: †¢ Saves energy as fewer servers require less heating and cooling †¢ Saves valuable space as fewer servers have a smaller footprint †¢ Saves time and money through lower IT administrative costs †¢ Reduced time to manage IT resources and use them in a more effective and useful way †¢ Increased availability and higher utilization rates †¢ Simplified management and greaterRead MoreRoom F Desert1227 Words   |  5 PagesSection 2 will try to analyze who is the audience for the plan, what are their needs, and how well does the business plan meet those needs. Section 3 will discuss about the strengths and the weaknesses of the business idea, while the final section will present a personal opinion on the critical issues that might require further investigation before investing in this venture and the way the information might be acquired. Who, What, How well? Many would think that business plans it’s all aboutRead MoreEssay on Overview of the Recent Financial Crisis in the US1468 Words   |  6 Pagessecuritization. Financial engineering allowed a great burst of global derivatives setting the context in which major financial institutions thoughtlessly disregarded risk management and corporate governance. In this context, the rating agencies such as Standard Poor’s, Moody’s or Fitch in an exercise of irresponsibility encouraged risks instead of managing them. Executive incentives also took part in boosting risk, which illustrates as well the irresponsibility of the companies. However, the causes ofRead MoreRisk in the Context of Health and Safety720 Words   |  3 PagesRisk in the Context of Health and Safety In its most basic form, risk can be defined as the likelihood or possibility of the occurrence of harm. According to Hughes and Ferret (2009), a risk is the likelihood of a substance, activity or process to cause harm. Similarly, Barnard (1998) identifies risk as the likelihood of an individual being harmed by a hazard. According to the author, walking (or running) across a wet floor can be regarded a risk. In the context of health, risk can be takenRead MoreManagement And Management Practices At Asian And Western Countries Essay1436 Words   |  6 PagesIntroduction Management can be described as a getting work done by people and working together to achieve the goal of organization. Management plan includes organization, staffing, leading or directing and to control the goals of the organization. Management styles can be employed differently; it is depend upon the culture of business, nature of business, nature of workforce, and skills and personality of leaders. In different countries there are different management practices like Asian and western

Mandatory Minimum Sentencing Laws Should Be Legal

As Americans, we live one of the greatest countries in the world. Things are not perfect, but they can range from good to great. However, there is one area that seems to continuously fall behind our great national standard. This area is the level of people that to fill up our prison system. The United States has only five percent of the world s population, but it has houses 25 percent of its prisoners, which is around 2.2 million people (Collier, 2014). One of the main reasons the United States has become the prison capital of the world is due to the hard stance on all drugs. This stance led to the use of mandatory minimum sentencing laws to keep drug offenders locked up for longer than they should be. Mandatory minimum sentencing laws are laws that require binding prison terms of a particular length for people convicted of certain federal and state crimes. Most mandatory minimum sentences apply to drug offenses, but Congress has enacted them for other crimes, including certain gun, pornography, and economic offenses. For the purpose of this paper, the focus will be on the mandatory minimum drug laws. These laws were designed to keep people locked up for crimes that sometimes don’t fit the punishment. This can be seen in the rising incarceration rates throughout the country. These laws not only damage the lives of the convicted, but also their families and the communities they come from. While the intentions of the men who enacted these laws were pure, they have failed toShow MoreRelatedMandatory Minimum Sentencing Laws Should Be Legal Essay1217 Words   |  5 PagesMandatory minimum sentencing laws entail binding prison terms to a certain length for people who have been co nvicted of state or federal crimes. These intransigent, â€Å"universally adaptable† sentencing laws may seem like an easy and quick solution for crime. However, these laws prevent judges from suiting the punishment to the criminal according to their offenses. Mandatory minimum sentencing causes not only state but federal prisons to overcrowd, extortionate tax costs, and deflect from law enforcementRead MoreThe Concept Of Mandatory Sentencing1096 Words   |  5 PagesThe concept of mandatory sentencing is a relatively new idea in the legal field. It was first introduced in 1951 with the Boggs Act, and it made simple marijuana possession a minimum of two to ten years with a $20,000 fine. This was eventually repealed by Congress in 1970, but mandatory sentences came back with the passage of the Anti-Drug Abuse Act of 1986. Since then, the scope and presence of mandatory sentencing has only grown, especially mandatory sentences for drug related offenses. RecentlyRead MoreThe Fe deral Mandatory Minimum Sentencing978 Words   |  4 Pagesmethod of sentencing criminals was the establishment of the mandatory minimum sentencing. During the early days of the republic, specific sentences were carried out for certain crime and early mandatory sentences the forms of punishment used at the time stretched from ducking stools/cucking stools for disorderly women and dishonest tradesmen in England, Soctland to hanging for convicted murderers. However, in recent years, evidence gathered have shown that the federal mandatory minimum sentencing wereRead MoreAbolishing Mandatory Minimum Sentencing On The United States1690 Words   |  7 PagesAbolishing Mandatory Minimum Sentencing in the United States EXECUTIVE SUMMARY The concept of mandatory minimum sentencing has been plaguing the justice system of the United States of America for too many years and therefore must be abolished. If mandatory minimum sentencing were to be done away with, then the criminal justice system could finally start to bring desperately needed change to itself and start to get back to where it needs to be; a system that takes people with a problem andRead MorePrison Blues : How America s Foolish Sentencing Policies Endanger Public Safety1033 Words   |  5 PagesRehnquist, a former Supreme Court Justice, stated his opinion of minimum sentencing during an often cited speech. As stated in his book Prison blues: How America s Foolish Sentencing Policies Endanger Public Safety, David Kopek credits Rehnquist with stating: These mandatory minimum sentences are perhaps a good example of the law of unintended consequences. There is a respectable body of opinion which believes that these mandatory minimums impose unduly harsh punishment for first-time offenders -- particularlyRead MoreCriminal Justice Outline1660 Words   |  7 PagesArraignment- Guidelines and Process of Law b. Trial- Judge and Supreme court roles c. Sentencing – 3 types Sentencing a. Determinate- pros and cons b. Indeterminate- pros and cons c. Mandatory- pros and cons d. Specific or general deterrence Determinate sentencing a. Time- Each punishment is set person to person regardless b. Punishment- does not discriminate c. Community- deter people from committing it again Indeterminate Sentencing a. Courts and judges role in helpingRead MoreMandatory Minimum Sentences For Nonviolent Drug Crimes Essay1644 Words   |  7 PagesMandatory Minimum Sentences For the vast majority of crimes committed in the United States, the fate of those who have been found guilty is left in the hands of a judge, after a trial by jury. However, since the 1950’s the fate of nonviolent drug offenders has been shifted to the hands of the partisan prosecution with the expansion of mandatory sentencing. Mandatory minimum sentencing is a system which sets minimum jail sentences for crimes, which not even judges can overturn. In the decades afterRead MoreFences Of Mandatory Sentencing1923 Words   |  8 Pages3.1 Offences where Mandatory Sentencing is Applied Mandatory sentencing currently applies for many offences. Stated in the CCA, section 279(4), adults who are guilty of murder must be sentenced to life imprisonment. Under section 90(1a) of the SA it also states life imprisonment must be imposed with a minimum of 15 years without parole. Section 318(2) of the CCA states if a person is over 16 but under 18 and committs a serious assult against any officer (police, transit, security etc) a term of detentionRead MoreIt s Time For Re Think Mandatory Minimums1607 Words   |  7 PagesIt’s Time to Re-think Mandatory Minimums During the mid-1980’s an epidemic of cocaine and crack swept the nation leaving many wondering what could be done to eliminate this problem that reached everywhere from small town middle America to the larger metropolitan areas. It has always been the common acceptance that by putting more offenders in jail, crime statistics will decrease. This belief led congress to enact the anti-drug abuse act of 1986. At first, it was believed that this seemed to workRead MoreMandatory Sentencing For Minor Drug Offences957 Words   |  4 Pagesdollars later, we are still fighting this war (Branson). All that we have to show for this war is drugs running rampant and tons of citizens incarcerated. Mandatory sentencing for minor drug offences should be overturned due to overflowing prisons, damaging families, and the scare tactic it was created to be has failed. Due to mandatory sentencing for minor drug offences, the American prison system is overflowing with inmates. According to E. Ann Carson, a Statistician for the Bureau of Justice Statistics

Diversity Essay Sample Graduate School Example For Students

Diversity Essay Sample Graduate School Diversity in the workplace is a subject that has gained increased attention in the workplace over the past few years. After all, the impact of affirmative action and equal employment opportunity programs on the nations work force is undeniable. Women and minorities were the first to dramatically alter the face of the economic mainstream, while gays, persons with disabilities and senior citizens followed not far behind. The result is a diverse American labor force representing a microcosm of our society yet one that continues to struggle with its identity. Diversity as a social condition is not new to America. We were founded as a nation of Diversity. America has always been a merger of cultures and, as such, has undergone periods of discomfort as the worlds melting pot (HistoryChannel. com). Ostensibly, the modern American workplace is a simmering pool of diversity. Focused in its early years on racial equality, the movement widened its scope to include equality based on gender, age, sexual orientation and disabilities. And as members of these various groups struggled for recognition, they developed a new sense of pride in what made them distinctive. This sense of pride in diversity has led the nation to where it is today. It is important to identify various dimensions of workplace diversity. The first dimension involves primary levels of diversity. That is, people with disabilities, gender, race, color, ethnicity, sexual orientation, creed, religion, and age are primary dimensions of diversity. These basic groups require the greatest degree of management dexterity and attention because they play an important part in workforce interrelationships and communication. These areas are also more prone to conflicts and negative reactions among employees. Managers must recognize that there is a need to train, inform, and sensitize their employees to deal with issues relating to this type of diversity. Consequently, managers must recognize the effects of diversity in their firms and plan to deal with potential conflicts. They must also recognize the different strengths of individuals and groups so that they cay utilize their skills more effectively. The second dimension of diversity deals with individuals from different social strata. For example, education levels differ among various employees. This may result in conflicts between less skilled or educated workers and more affluent and more educated staff members. There is a need to develop training programs to deal with these issues and to create an environment where there is opportunity for learning and skill acquisition. Mentoring and on-the-job training of less skilled workers through courses, assistant programs, and continuing education programs may even the gap between different employees. However, it is important to recognize potential and use the skills already at hand to create a more efficient team environment where each members contribution carries some value and contributes to the organizations goals. Economic status is as important an issue as is education. Various employees come from different economic background. Their views and manners may differ, along with their expectations and motivations in daily routine and overall purpose. Nevertheless, they have to work together. There are potential problems and differences of conduct, motivation, and initiative. Managers have to get to know their people and develop ways of using their differences for the benefit of the organization. The focus should be on the positive aspects of individuals, and on merging the best qualities people have to form effective teams. Managing conflict is also very important. One thing managers should recognize is that there will always be a potential for conflict and their job is to intervene and resolve diversity issues early and quickly. Statistics show the extent of diversity in the workplace. Eighty-five percent of those currently entering the American workforce are minorities and women. By year 2006, only 38% of the total workforce will be white males (Workforce 2000). Previously, we just thought of diversity as the total number of minorities and women in the company like affirmative action. .u4b1df8cc0bb4e5fc44067b56b808ff9f , .u4b1df8cc0bb4e5fc44067b56b808ff9f .postImageUrl , .u4b1df8cc0bb4e5fc44067b56b808ff9f .centered-text-area { min-height: 80px; position: relative; } .u4b1df8cc0bb4e5fc44067b56b808ff9f , .u4b1df8cc0bb4e5fc44067b56b808ff9f:hover , .u4b1df8cc0bb4e5fc44067b56b808ff9f:visited , .u4b1df8cc0bb4e5fc44067b56b808ff9f:active { border:0!important; } .u4b1df8cc0bb4e5fc44067b56b808ff9f .clearfix:after { content: ""; display: table; clear: both; } .u4b1df8cc0bb4e5fc44067b56b808ff9f { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u4b1df8cc0bb4e5fc44067b56b808ff9f:active , .u4b1df8cc0bb4e5fc44067b56b808ff9f:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u4b1df8cc0bb4e5fc44067b56b808ff9f .centered-text-area { width: 100%; position: relative ; } .u4b1df8cc0bb4e5fc44067b56b808ff9f .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u4b1df8cc0bb4e5fc44067b56b808ff9f .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u4b1df8cc0bb4e5fc44067b56b808ff9f .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u4b1df8cc0bb4e5fc44067b56b808ff9f:hover .ctaButton { background-color: #34495E!important; } .u4b1df8cc0bb4e5fc44067b56b808ff9f .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u4b1df8cc0bb4e5fc44067b56b808ff9f .u4b1df8cc0bb4e5fc44067b56b808ff9f-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u4b1df8cc0bb4e5fc44067b56b808ff9f:after { content: ""; display: block; clear: both; } READ: Customer Service In Abc Stores Essay Now we truly understand that we need diversity at every level of the company where decisions are made. From an external perspective, a diverse workforce can also provide a distinct competitive advantage for a firm and enhance its success in todays increasingly global marketplace. If you dont understand the nuances of different

Multi Lateral Peace Operations Essays - , Term Papers

Multi Lateral Peace Operations When President Bill Clinton was inaugurated in 1993, he stressed a new policy concerning a revived United Nations and the actions that would be taken by the United States concerning the ?New World Order,? a term coined by his predecessor George Bush depicting the post-Cold War international arena. Clinton had campaigned on the need for a multilateral organization to share costs and share risks of any peacekeeping venture. The Clinton Administration had made multilateralism a campaign issue and put it in the forefront of their foreign policy agenda. However, with the problems occurred during the initial trial period of this assertive multilateralism, exemplified by US military blunders in Somalia, Clinton and his advisors now found themselves questioning their own policies and preferences in foreign affairs especially in terms of multilateral peace operations. This case study delves into these issues and how Clinton and his administration sought answers to this problematic puzzle. The main operations of the United Nations are humanitarian relief efforts, peacekeeping by invitation and peace enforcement. The latter entails the most danger and conflict situations. These are soldiers trained to fight, not make peace. This is, and always will be, an enigma for those associated with peacekeeping operations. The same forces that are meant to keep the peace for a UN peacekeeping mission have been trained all their lives to make war, not peace. Your warmakers are your peacemakers. This will always cause confusion and disruption in any relief efforts involving peacekeeping operations. The case study attempts to explain the problems encountered during multilateral peace operations. Certain issues must first be addressed. The national interest of the United States is first and foremost. This is the key to making peace or to making war. The issue of whom is in command and who is in control is also an important factor as is the time frame in which the US will remain involved. Certain issues that became hot topics of debate among Clinton's advisors were those of the Rapid Reaction Force and the idea of private UN forces. The latter fell into ill favor with Joint Chiefs of Staff Chairman Colin Powell, who did not like the circumstances of a separate US military entity solely used as a mechanism of the UN. The benefits of a Rapid Reaction Force were many. They could be deployed quickly. They would also alternate countries. A database would be created; therefore the US would not always have to go on the respective missions called on by the UN. The case study completes while examining the choices Clinton finally made regarding multilateral peace operations. He used the advice of his two closest cabinet members to this issue in an attempt to reach a resolution: Powell and Secretary of State Madeline Albright. Albright wanted to practice assertive multilateralism and use the UN forces only when it benefited the US. She said that the US should always try a multilateralist approach to the respective situation, and if there is no sharing and they receive no international support but the issue at stake is in it vital national interest, the US will go on alone. Powell was against the practice as a whole. He did not look too kindly on the idea of the US engaging in an unknown war, at an unknown time and under an unknown command. Powell also hesitated to support a military venture with unknown goals, unknown missions and an unknown in the controlling offices. The finality of the situation was that the Clinton Administration was way too optimistic on the idea of world peace. They were not realistic. Multilateralism can work, but it mustn't be the centerpiece of a foreign policy agenda as Clinton had sought it to be. The reasons why Clinton eventually took this approach were three-fold. The military, exemplified by Powell's emphatic stance, were against the entire idea. Congress, after Somalia, was weary of further intervention, as was the public. This case study details the problems that can occur within an administration when ideological differences abound, particularly between military and political players. Political Science

English Essays - Cathy Ames, John Steinbeck, East Of Eden, Cathy

English Essays - Cathy Ames, John Steinbeck, East Of Eden, Cathy English East of Eden by John Steinbeck In the novel, East of Eden by John Steinbeck, Catherine Ames is one of the main characters. She is introduced to the reader as a monster and as time goes on, she possesses both monster like and animal qualities. As Catherine she gets older and wiser, she gets more evil and displays her monster and animal like characteristics. She knows she is powerful and indestructible. She has manipulated and tricked many people her life causing them to go to the extreme... death. Catherine Cathy shows her evilness and her monster like behavior in many scenes throughout the book. Steinbeck illustrates Cathy as being a monster on pages 95 and 96. I believe there are monsters born in the world... It is my belief that Cathy Ames was born with the tendencies, or lack of them, which drove and forced her all of her life, said Steinbeck. Cathy used this to her advantage by making people uneasy, but not so uneasy that they would not run away from her. Cathy was born with an innocent look that fooled many; she had golden blond hair, hazel eyes, a thin and delicate nose, and a small chin to make her face look heart shaped. Acoording to the town Cathy lived, Cathy had a scent of sweetness, but that is just what Cathy wanted the town to see and think when Cathy planned her kill. On page 114-115, The fire broke out... the Ames house went up like a rocket... Enough remained of Mr. and Mrs. Ames to make sure there were two bodies. Cathy had set the house on fire and broke into the safe to steal the familys money. As the investigators scoped the place, they noticed that the bolts stuck out and there were no keys left in the locks. They knew it was not an accident. Cathys body was never found, but the town assumed that she died. If it had not been for Cathys murder, the fire and robbery might have been a coincidence. Steinbeck, again, portrays the reader that Cathy is a monster on page 242, When I said Cathy was a monster it seemed to me that it was so. Steinbeck is reassuring the reader that Cathy is a monster and with the evidence before and after this statement. For example, Cathy later changes her name to Kate and runs a whorehouse. While she runs the house, she takes pictures of all the important male individuals in the town to later send to their spouses and families. Cathy plans to send the pictures whether they caused trouble or not. As Cathys character evolves, Steinbeck changes his description from a monster to an animal. Her head jerked up and her sharp teeth fastened on his hand across the back and up into the palm near the little finger... her jaw was set and her head twisted and turned, mangling his hand the way a terrier worries a sack. Steinbeck said on page 253. Cathys sharp teeth fastened into a mans hand who was only trying to help. Cathy's sharp teeth sunk into the man's flesh like a dogs canines would have. She tore away at the skin and twisted and turned her head to resemble a dog. Do you think I want to be human? Look at those pictures! Id rather be an animal than a human, said Cathy. Cathy admits she would rather be an animal than a human. The physical features of Cathy are that of a human but the mental state of her resembles an animal. Although, Cathy seems to down grade and be paradoxical about herself because humans are much smarter than dogs, but she says she is smarter than any normal human. She knows how to manipulate any individual without trying. On page 427, Uncontrolled hatred shone in Kates eyes. She screamed, a long and shrill animal screech. Cathy, for unknown reasons has animal characteristics. This one just happens to be the screech of an animal. Steinbeck uses Cathy for suspense in his novel. You never know what she is going to do next or what she is thinking. She has more characteristics of a monster and an animal than a human. Cathys character has no talk about being normal except for her looks. I think the only sensible thing she did in her life time was not killing Adam, her loving spouse, and committing suicide. She has not a care in the world and her only love is hatred.

Business report explaining a certain topic Essay

Business report explaining a certain topic - Essay Example Another motivating factor can be where people will be motivated to reach their target. This will lead to their success and recognition. The need for recognition and job satisfaction which is that emotional payoff can also be a motivator (Madura, Jeff 35). This topic also looks at the importance of motivation. This helps in appreciating this topic. Some of the benefits it provided by motivation include improving the level of efficiency of people. It helps to appreciate that in order to get quality output from employees, the gap between ability and that willingness has to be filled. This in turn also helps in the achievement of the organizational goals. Employees who feel appreciated are most likely to work efficiently as they feel as being part of the organization. Goals may be achieved where co-ordination and co-operation takes place simultaneously. This can be done effectively through motivation. Motivation is important to understand as these leads to retention and stability of staff. This is because they will feel as being part of the organization. By looking at the importance of motivation, the topic also looks at the causes of de-motivation. A drop in staff motivation can become damaging to the business if the cause of de-motivation is not identified and addressed. Some of these de-motivating factors include: Inadequate job skills due to lack of training of staff. This affects the confidence of employees and frustrates the employees that affect their motivation. This is because of lack of the knowledge to perform what is expected from them. It can also be caused by goal flaws where company goals may not be inclusive of the interests of the employees. This in turn makes employees not to feel as part of the organization leading to their de-motivation. Overwork is another de-motivating factor. Employees who are overworked often loose there motivation even if they receive payment for overtime worked. The topic also

Financial reporting Assignment Example | Topics and Well Written Essays - 1000 words

Financial reporting - Assignment Example Financial statements, prepared on the basis of historical cost accounting method, do not provide a fair and true presentation of equity’s performance or future prospects, if capital is inadequately maintained (Charnes, 1976). Moreover, critical assessment of equity’s performance by studying ratios, such as, return on capital employed, will be useless if capital is undervalued, profit is overstated and values of assets are misinterpreted. These sometimes occur because of historical cost accounting. The limitations have been summarized as follows: Overestimating and valuing profits by undercharging depreciation on the basis of historical cost and recording sales cost at original cost of inventories, may result in the reduction of an entity’s capital because of high taxation charges and distribution (Belfo and Trigo, 2013). This accounting approach toughens the task for analysts and shareholders of evaluating and assessing the ability and performance of management. This is precisely because variations in the situation of the current market are not considered in historical valuation approach. Then, owner of the entity tried to restock his inventory and realized that the cost of replacement was $2,200. They did not have enough cash to restructure to the pre-sale condition. The difficulty escalated due to the fact that the owner was unable to differentiate between the profits generated from holding the inventory for a particular time period before selling it and the revenue that was generated through trading. Had the company matched the cost of replenishment against revenue, they would have realized a profit of $300. If this excess proceed had been withdrawn, it would have left the company with $2,200, which could be used for the purpose of inventory replacement. Thus, this example suggests the fact that historical accounting can be misleading to the user of the information (Bakar and Said, 2007). The application of general price index under this method is