Marketing Strategy Development McDonald Corporation

Question: Examine about theMarketing Strategy Developmentfor McDonald Corporation. Answer: Presentation Promoting is the crucial instrument which helps in expanding the selling of the individual results of an association. So as to understandings the ideal detailing of the promoting methodologies, McDonald Corporation of Australia, has been mulled over. The investigation gives the students by depicting the authoritative structure and approaches of MC Donalds, Australia. The fever of inexpensive food is expanding quickly all through the concerned Australian market sections (Hollensen, 2015). Different International explores have been done, by the advertisers of different associations, to design a viable showcasing technique, and executing those thoughts, in creating of the association. 5 Cs of this eatery 7 Ps of showcasing have been examined in this exploration paper all together o get the ideal significant data. The paper likewise incorporates recognizing the requirements of clients and giving them their ideal help, which goes about as a serious technique of the firm. Different suggest ions of situating MC Donalds, Australia in powerful objective markets is significant and it very well may be finished with the assistance of best showcasing techniques. Brief Description of the Organization A Market research of building up a viable promoting practice has been done from Mc Donalds, which is a remarkable inexpensive food supplier all through Australia. Mc Donalds in Australia is a well famous inexpensive food place, which offers clients by a wide assortment of delicious quick nourishments. Each and every food thing is unrivaled in taste and works sound as well. The organization has its headquartered at America, the author of whom are, Richard and Maurice Mc Donald, in the year 1940. The organization is known to be the world's biggest café, who serves an around 70 million clients around the world (Kotler et al., 2015). There are assortments of burgers, found for veggie lovers and non-vegans as well, cheeseburgers, chicken items, sodas, frozen yogurts, and fries and so on, which are of incredible taste and are sound as well. The high client esteem and agreeable is the fundamental purpose behind which the firm is investigating quickly all through Australia. Statement of purpose The organization seeks after a statement of purpose of it, which goes about as a direction to contend with other drive-through joints I Australia. Mc Donalds, Australia, has made a crucial, request to design compelling business methodologies, and executing them for the advancement of the association. Vision Statement The vision explanation of MC Donalds is to give the clients by greatness food adjusting, which will be brilliant in taste, solid, and reasonable to the buyers, so that, interesting encounters will be accomplished by the clients around the world. Estimations of the Organization Mc Donalds, in Australia, has made an extraordinary estimation of it in the present commercial center, by giving clients, and greatness nature of quick nourishments and beverages. The organization seeks after solid business procedures, having a specific strategic vision of it, which assists with keeping up the whole business process in a methodical and productive way. Brief Descriptions of the Products The organization gives clients by assortments of delectable quick nourishments, for example, Hamburgers, Soft beverages, Ice cream, fries, which are completely one of a kind in taste from different contenders (Sheth Sisodia, 2015). The menu list has been made by different clients inclinations, which incorporates veggie lover and non-vegan as well. The game plan of the menu list incorporates breakfast, primary course dinner, sweets, fries, and beverages, with different value ranges. Job of Brand in Organizations Marketing Strategy There is an extraordinary food administration request of MC Donalds, all through the Australia. The companys predominant nature of food things and client overhauling made its position in the sixth situation all through the world. Each and every food thing is of extraordinary taste, and more beneficial to devour, and a wide assortment and inclinations are there, as indicated by indistinguishable human's decision. The greatness nature of items and administrations is making the brand profoundly requesting all through the nation (Foxall, 2014). The organization, having a solid and one of a kind showcasing procedure, is making the business to run in high gainful rate. A wide scope of clients is expanding the quantity of workers of this drive-thru eatery. There is a decent workplace inside this firm, which makes an exceptional picture of it inside different contenders. Great creation and overhauling are produced by the gifted workers and the marking gets increasingly open requesting (Weins tein Pohlman, 2015). Ecological Analysis Industry Analysis The modern condition of MC Donald's, Australia, comprises of both inner and outer conditions. The association is for the most part identified with its ecological elements. According to business articulations, the inside variables of the affiliation are been ordered into a Microenvironment, while, the outer ones are in the Macro condition. Smaller scale Environmental Analysis The microenvironment incorporates the inside variables, of Suppliers, Customers, different contenders, open, and the delegates. The providers of Mc Donalds, in Australia, are firmly identified with one another. The immediate providers benefit nourishments and drinks to clients straightforwardly, by making in the firm, while, the roundabout ones, conveys the fixings to the immediate providers for the food making process (Mller Parvinen, 2015). The organization keeps up the serious methodology inside its rivals like-Dominos, Pizza Hut, and so forth. A large number of clients are been served by this eatery, in a reasonable way, which creates tremendous consumer loyalty. The social notoriety of Mc Donald's is additionally high because of its greatness food administration. Full scale Environmental Analysis The full scale natural of this cheap food firm incorporates political, social, lawful, ecological, monetary and mechanical factors separately. The organization is leveled out of certain Governmental standards and guidelines, in this way, different issues are been constrained by the supervisor, for example, Health issues, worker charges, permit, charge issues, and so forth. Next, the financial components, which incorporate keeping up various, scale o f charges at various nations (Chernev, 2014). The social factors, for example, satisfying the client needs, and offering the new assortment of nourishments to clients, are additionally kept up by this imaginative food creators. Certain ecological factors, for example, food bundling framework, and rehearsing of offering drinking glasses made if biodegradable substances, keeps up a flawless and clean condition in this firm. Mechanical factors, for example, benefiting engaging gear to clients, simple and fast installment programming are been drilled by this affiliation. Investigation of 5Cs of this Organization Organization Mc Donalds, in Australia, has positioned itself, as one of the main cheap food suppliers all through the country. The organization gives a wide assortment of cheap food things to clients, of magnificent in taste, and are not flexible to human wellbeing as well. The organization intends to give the best nature of items and administrations, to the customers, to upgrade more benefits of the association (Crane, 2016). Working condition and representatives fulfillment make the organization progressively exceptional inside different reciprocals. Clients The method of furnishing clients with gigantic fulfillment is additionally kept up by this firm, which is an imperative piece of causing the business to develop more. The representatives of this affiliation know about the reality, that, the disappointment of clients can diminish the benefits of the association, so it is gainful for the supervisory crew and different laborers of an association to keep up consumer loyalty and a faithful relationship (Coffee et al., 2015). The essential objective markets of MC Donalds are among seniors, young people, and for the most part, the kids, who are attached to quick nourishments. Partners The providers of Mc Donalds, are been supplanted a few times, to decrease costs, and to try to general society, that, the food results of it are of excellent (Epstein Buhovac, 2014). The providers incorporate meat and milk items, new vegetables, flour, sugar, yeast, and so forth which are utilized for making the burgers, sandwiches, frozen yogurt, fries, servings of mixed greens, and so forth, while, the soda pops are been provided by the Coca-Cola organization. The organization knows about the flexibly of items from the providers, to guarantee, regardless of whether the items are legitimate or not. Contenders Mc Donalds experiences a decent upper hand of it inside different market parts, for example, Dominos, Pizza HUT, and so on. The organization has an interesting and imaginative business system, which empowers them to rival the reciprocals (Epstein Buhovac, 2014). From different International economic analysts, the food creators of this affiliation, plan of making the new assortment of nourishments, concurring t the current age's decision. The uniqueness in food and cost pulls in more clients, from little kids to the senior residents (Vomberg et al., 2015). Setting Certain lawful factors, for example, keeping up the Governmental principles, monetary factors, for example, keeping up the diverse assessment models inside different nations, are completely been performed by this relationship, to maintain a strategic distance from certain business issues (Dobele et al., 2014). Use of creative innovations, to furnish clients with diversion, assists with inviting more clients. Savvy charging process programming is worked by the clerks, to make a solid security of it, by which all the information of clients are been spared securely. Assortment of Information Viable promoting exploration and market knowledge have been utilized so as to get the necessary data of 5Cs for McDonald Corporation of Australia. The chose showcase sections are Melbourne, Sydney, and Canberra and the customers are seen as progressively inclined towards the utilization of delectable and sound quick nourishments. Most extreme quantities of the peop

Ethical Leadership Coursework Example | Topics and Well Written Essays - 1250 words

Moral Leadership - Coursework Example At the point when looked by a dubious circumstance, one needs to decipher it before considering the elements that are pertinent to the circumstance. As a rule, absence of involvement with a given circumstance can cause situation and regularly there is an expectation of damage from the results of the choice made. In such a case, a SNCO needs to consider the second and third request outcomes before making due with a given choice. Furthermore, the SNCO should put guideline first, reason second, and afterward individuals last to keep away from the situation innate in the contending esteems. The SNCO needs to settle on an assessment of the choice utilizing Toner’s six tests. Toner recommends that the choice ought not be humiliating, ruining, nor embarrassing the SNCO whenever investigated by people in general. In addition, it would have should be a demonstration that the SNCO is glad for and would anticipate endorsement from everyone. When all is said in done, the aftereffect of th e choice ought to be foreseen to be certain (Toner 2003). Now, the SNCO is sufficiently arranged to actualize the choice made due with. To guarantee that the choice made is grinding away, constant observing is fundamental. As it is basic practice, subordinates admire the pioneers and henceforth the SNCO has no other choice other than to advance a moral domain by compensating the individuals who maintain morals and rebuffing the individuals who contradict the code of morals. Moral dynamic is grounded on the capacity of a SNCO to think fundamentally. When deciphering a circumstance, one needs to think about the individual and hierarchical morals, something that includes basic reasoning and while considering the components that are applicable to the circumstance, a SNCO will understand that not all circumstances are furnished with plainly set arrangements and techniques on the most proficient method to deal with them. Inherently, for a moral choice to be made the SNCO’s basic believing should be locked in while deciding the suitable activity for a

CPW 2011 Closing Remarks and Variety Show

CPW 2011 Closing Remarks and Variety Show CPW officially begins tomorrow! Ive spent the past couple months planning the Closing Remarks and Variety Show taking place Saturday night you should definitely come if youre here for CPW. Details: CPW Closing Remarks and Variety Show Saturday, April 9, 2011 6:00-7:30pm (Doors open at 5:30pm) Kresge Auditorium Dean of Admissions Stu Schmill and the MIT Admissions Officers will give some closing thoughts, and there will be 7 really amazing acts at the show: Chorallaries (a cappella, co-ed) Jacob Sharpe (juggling) Bhangra (dance, Punjabi) MIT Cheerleading Team (dance, cheerleading) Logarhythms (a cappella, all-male) Ridonkulous (dance, hip-hop/modern) Live Music Connection Guitar-off (electric guitars, shredding) (For those that dont know, a cappella is basically making music with only voices, no instruments. Rockapella is probably one of the most famous examples of a cappella.) Kim actually used to be in the Chorallaries, and I used to be in the Logs (back in our undergrad days). These are, of course, just a sampling of the 60+ performing arts groups at MIT. There are also a lot of other cool performances going on throughout the weekend, like: Spring Greater Boston Invitational Songfest (all 10 MIT a cappella groups), Fri 6-8pm in 10-250 Wind Ensemble and Festival Jazz Ensemble Concert, Fri 7-9pm in Killian Hall (14W-111) Steel Pan Jamboree, Sat 12-2pm on the Student Center Steps (W20) Next Act Presents The Scarlet Pimpernel, Fri and Sat 7:45-10pm at Next House (500 Memorial Drive) Battle of the Bands, sponsored by the Live Music Connection, Sat 8-10pm, Lobdell Dining Hall (2nd Floor of the Student Center) (Click here for a full listing of the arts-tagged CPW events.) Anyways, come to the Closing Variety Show, and say hi to me at the CPW Registration/Help Desk, Student Welcome, Meet the Bloggers, and other stuff throughout the weekend! Have a safe trip, and well see you soon. Less than 20 hours til CPW begins!

Romeo And Juliet Comparison - 1210 Words

William Shakespeare s â€Å"Romeo and Juliet† have been remade countless of times, and each time in different ways. Most people are familiar with the tragedy of lovers known as Romeo and Juliet. Two interpretations of this story are the 2013 film by Carlo Carlei and the 2011 film by Kelly Asbury. The two movies have the same story line but are very different from each other. In the 2013 film known as Romeo and Juliet, the characters are the traditional version of the sonnet written from Shakespeare. Whereas the 2011 version, Gnomeo and Juliet, is a spin off Walt Disney version of the sonnet. In the two films they both have similar story lines, but with the main character, Romeo/Gnomeo, the language, romance, and ending is completely†¦show more content†¦In the balcony scene in Gnomeo, Juliet does most of the talking. Gnomeo doesn t have a lot of dialogue, whereas Juliet is the only one having a monologue. Juliet says in this scene, â€Å"Oh Gnomeo, Gnomeo, are we re ally doomed, Gnomeo, to never see each other again? Why must you wear a blue hat? Why couldn t it be red like my father, or... or green like a leprechaun? Or purple like, um... like, uh†¦ like some weird guy? I mean, what s in a gnome? Because you re blue, my father sees red, and because I m red, I m feeling blue. Oh. At any rate, that shouldn t be the thing to keep us apart, should it?† In this script, it is much easier to understand than the other film. The language still rhymes like the 2013 film, but still hard to understand. Unlike the language of Romeo and Juliet, the romance between the two is easy to follow along. Romance is a big part of â€Å"Romeo and Juliet†. In the 2013 film of Romeo and Juliet, Romeo is at first â€Å"in love† with Rosaline, and comes to the party of the Capulets to see her. He talks about how he likes her very much at the beginning of the film. It is not until then he spots Juliet. It’s love at first sight for the two. They learn to like each other exceptionally fast. Juliet takes Romeo to the side, where no one else is and they exchange kisses. Within the next day they speak of marriage of the two. They barely know each other and think they’re in love. Romeo and Juliet find a way to get married even. Romeo goes after herShow MoreRelatedHamlet and Romeo and Juliet Comparison2564 Words   |  11 Pagesrepresent the relationships between sexuality, gender and power? (Using Hamlet and Romeo and Juliet) ’The course of true love never did run smooth’ - This is the answer indeed. As well as this we come to understand that with the roughness of love comes indifferent sexualities, gender conflicts and powered bravados that entwine themselves into one big mess to indeed create the established plays we read today. Romeo and Juliet and Hamlet very much represent the themes of sexuality, gender and power throughRead MoreComparison Of Romeo And Juliet719 Words   |  3 PagesRomeo and Juliet Why the would not have been happy together Romeo and Juliet is a love story between and Capulet and a Montague. They fell in love and wanted to spend the rest of their life together. In the paragraphs below Romeo would do anything for Juliet but when she thinks she has the perfect plan to help them spend the rest of their life together doesn’t work things get crazy. After their plan backfires Romeo and Juliet both end of dead while there plan was to spend a happy life with eachRead MoreRomeo And Juliet Comparison Essay1079 Words   |  5 PagesIn the movie â€Å"Romeo and Juliet† they show a lot more emotion. In the beginning of the original movie when the Capulet put his thumb to his mouth and told the Montague it wasnt toward them they understood and didnt get bothered. The reaction in the modern version is different than the original movie because they reacted by getting super upset. They were so upset that they start to scream which causes commotion. This helps to show us the difference between the two ver sions and how one shows way moreRead MoreComparison Of Ballet In Romeo And Juliet721 Words   |  3 PagesThe Reason I Breath Is Because Of You Romeo Juliet This essay is about compare and contrast a pair of star-cross’d lovers Romeo Juliet’s similarities and differences of Expressions dance company and Prokofiev’s Ballet, such as, character roles, different in era’s visual setting, aural environment and performance space. Both are telling the same story are set in different contexts and eras. The theme of Romeo Juliet, which was conveyed by the choreography, music, lighting and costumes. TheRead MoreRomeo and Juliet Movie Comparison2714 Words   |  11 PagesIn Franco Zeffirelli’s 1968 version of  Romeo and Juliet, is a traditional adaptation of Shakespeare’s original Romeo and Juliet, with some variations. Baz Luhrmann directed the 1996 version, also known as the MTV  Romeo †  Juliet.  This version is very modernized, but keeps the language intact with few changes. There are many differences between Zeffirelli’s  Romeo and Juliet  and the Signet version of  Romeo and Juliet.  Romeo’s entire speech that begins â€Å"Alas that love, whose view is muffled still, ShouldRead MoreA Comparison of Mercutio and Tybalt in Romeo and Juliet Essays1251 Words   |  6 PagesA Comparison of Mercutio and Tybalt in Romeo and Juliet For this assignment I intend to write and discuss the differences and similarities of two characters portrayed in the play Romeo and Juliet. As well as describing and analysing them I will also show how these characters are presented in two adaptations of films by two different directors Zeffirelli and Lurhmann. These two characters are Mercutio and Tybalt; both characters play an important role as they both affect Read MoreRomeo and Juliet - Juliet, Film-Play Comparison926 Words   |  4 PagesExplore the ways in which Romeo and Juliet are presented in this scene and elsewhere in Shakespeare’s play, and the performed versions. Shakespeare’s play ‘Romeo and Juliet’ is set in Verona. The feud between the Montague family and the Capulet family reaches a climax when Juliet’s cousin Tybalt, a Capulet, is killed by Romeo, a Montague. Romeo and Juliet are first seen as very different characters, but later in the play, we realise that these two characters are not as different as we thoughtRead MoreA Comparison of the Two Film Versions of Romeo and Juliet1789 Words   |  8 PagesA Comparison of the Two Film Versions of Romeo and Juliet I have been studying the prologue to Romeo and Juliet written by the magnificent playwright, William Shakespeare sometime between 1594 and 1596. Still globally acknowledgedRead MoreA Comparison of Two Versions of Romeo and Juliet Essays1989 Words   |  8 PagesA Comparison of Two Versions of Romeo and Juliet In this essay the opening sequences of the two versions of Shakespeares disastrous love story, Romeo and Juliet have been compared. TheRead MoreComparison of Two Film Versions of Romeo and Juliet Essay733 Words   |  3 PagesComparison of Two Film Versions of Romeo and Juliet Shakespeare’s play ‘Romeo and Juliet’ was made into a film by two different directors. Baz Luhrmann’s to Franco Zeffirelli’s interpretation of Romeo and Juliet were very distinct and they both appeal to different age group audiences. Franco Zeffirelli’s version was the first film of Romeo and Juliet. It was produced in 1968 and it was quiet typical, exactly what the audience would have expected the film of ‘Romeo

Pride in Young Goodman Brown and The Ministers Black...

Pride in Young Goodman Brown and The Ministers Black Veil Many of Hawthornes characters wrap themselves in a pride of intellect. The characters become victims of their pride and consequently suffer. Goodman Brown, from Young Goodman Brown and Hooper, from The Ministers Black Veil are two characters that suffer from a pride of intellect. Their pride causes them similar problems and they end up living similar lives, although they came from different backgrounds. Hooper and Goodman Brown both become isolated from society. Hooper had a revelation, and he feels that he truly understands human nature and sin. However, he believes that he is above everybody else because he†¦show more content†¦The lack or trust trusting that Goodman Brown had separated him from the community because he was a strong Puritan and felt as though he could not associate devil worshipers. Brown, despairing and embittered, belongs neither to the Devils party nor to the only other life-sustaining cause he knows--that of the Puritan faith and the Puritan community(Levy,119). Hooper and Goodman Browns pride of intellect cause them to loose a loved one and their kind and loving nature. Hooper drives his fiance Elizabeth away by wearing the veil. Elizabeth sees how Hooper is separating himself and it scares her away from their purposed marriage. Hoopers fiancee, seems at first unawed by the veil. To her it is merely a cloth that hides the face she most delights to see. But, like a sudden twilight in the air, Elizabeth suddenly senses the unapproachable inner isolation of the man who wears it, and its terrors fall upon her, too(The Ministers Black Veil,228). As a result of Hooper pride, he looses his loving and kind nature. Hooper is shunned and even feared by the others in their times of health and happiness(The Ministers Black Veil,228). He concentrates so much on the negative aspects of people that he refuses to see the good in them. He makes the dark side of people the whole truth of human existence. His own kind and loving nature is lost forShow MoreRelatedNathaniel Hawthorne s Young Goodman Brown Essay1274 Words   |  6 PagesIn Nathaniel Hawthorne’s â€Å"Young Goodman Brown,† the devil says, â€Å"Evil is the nature of mankind† (â€Å"Young† 627). Since Adam and Eve ate the forbidden fruit and attempted to hide conceal their sin from God, humans have tried to hide their sin from others. Although everyone sin is human nature, everyone has a different reaction to sin. While some acknowledge sin, others ignore it. In Hawthorne’s other short story, â€Å"The Minister’s Black Veil,† Father Hooper wears a black veil to represent the sin he commitsRead MoreEssay Sin, Guilt, and the Mind of Nathaniel Hawthorne1490 Words   |  6 Pagesfamily and specific events in his life influenced his writing. Readers can easily recognize how Young Goodman Brown incorporates facts about his Puritan ancestors. Father H ooper in The Ministers Black Veil may be symbolically paralleled to Hawthornes ancestors, trying to hide a sin they have committed. His descendants remarks on him in The Custom House introduction to The Scarlet Letter mix pride in Hawthornes prominence and a sense of inherited guilt for his deeds as judge. Hawthornes guiltRead More Alienation and Moral Dilemma as Portrayed by Nathaniel Hawthorne1869 Words   |  8 Pageshis writing is alienation. These concepts can be found in the stories â€Å"Young Goodman Brown,† â€Å"The Minister’s Black Veil,† and â€Å"The Birth Mark.† They are all about a life altering decision one must face and the consequences of that decision. In â€Å"Young Goodman Brown,† the dilemma faced by the main character is about the strength of his faith in God and the trust he losses for his wife and community. In â€Å"The Minister’s Black Veil,† a minister is struggling with his own sins and his fear of them beingRead MoreThe Sin Within Us All. Sin Is Everywhere Yet Nowhere At1400 Words   |  6 Pagesin Romans 3:23, â€Å"for all have sinned and fall short of the glory of God.† Nathanial Hawthorne’s two literary pieces Young Goodman Brown and The Minister s Black Veil highlight the struggle of human inclination to constantly hide their own sin. The two stories are different in that Goodman Brown exposes the real (sinful) faces of his peers, but in â€Å"The Minister’s Black Veil† Hawthorne purposely hides the face of the minister and creates the idea that the exposed faces of all the other charactersRead MoreSin. Sin Is Everywhere Yet Nowhere At The Same Exact Time.1779 Words   |  8 Pagesin Romans 3:23, â€Å"for all have sinned and fall short of the glory of God.† Nathanial Hawthorne’s two literary pieces Young Goodman Brown and The Minister s Black Veil highlight the struggle of human inclination to constantly hide their own sin. The t wo stories are different in that Goodman Brown exposes the real (sinful) faces of his peers, but in â€Å"The Minister’s Black Veil† Hawthorne purposely hides the face of the minister and creates the idea that the exposed faces of all the other charactersRead MoreTragic flaw in Hawthorne’s â€Å"The Birthmark† Essay1201 Words   |  5 PagesTragic flaw in Hawthorne’s â€Å"The Birthmark† In literature a tragic flaw refers in plain words when the main character ends up dead or defeated a characteristic feature of the heroes of Nathaniel Hawthorne’s short stories, â€Å"Young Goodman Brown,† â€Å"The Minister’s Black Veil†, and â€Å"The Birthmark†. However this concept is even more extensive and best explained in terms of â€Å"Hamartia†. According to the Encyclopedia Britannica that word can be understood as an inherent defect in the hero of a tragedyRead MoreEarly American Literature Essay1511 Words   |  7 Pagesromanticism (Edgar). He used repeating themes in many of his stories that centered on the inherent evil and sin of humanity and his work often had a moral message and deep psychological complexity. A few examples would include, The Ministers Black Veil or Young Goodman Brown. For the first time in American history, readers were given a different perspective of the reality of life. Some of his works are said to have a gothic feel to them, which further illustrates how he is able to transform theRead More The Power of Nathaniel Hawthorne Essay3056 Words   |  13 Pagesbeing. He returned to Salem, living once again in the Manning house, to which his mother also had returned. He remained for the most part shut up in his room, writing. Most of his early attempts ended up in the fireplace, for Hawthorne had a peculiar pride mingled with shyness that caused him to reject anything he wrote which did not meet with success, although he was hesitant to seek to have his work published for fear of rejection. He sent a collection of short stories called Seven Tales of My Native

Is the Most Important Asset of an Organization Free Essays

Question : â€Å"Human Resource (employees) is the most important asset of an organization. † Introduction Traditionally, human resource focused mainly on administrative functions and process personnel management. However, due to technology advancement, administrative tasks have reduced. We will write a custom essay sample on Is the Most Important Asset of an Organization or any similar topic only for you Order Now The role of human resource has shifted and seems to be taking up more responsibility in company strategic planning and development. This theory has been supported in the work of Noe et al (2010, p. 719) Durai (2010, p. 109) stated, â€Å"Employees are the precious asset of an organization†. In view of this statement, human resource planning plays an important role to optimize the utilization of its asset in term of cost and productivity. Involvement with company’s strategic planning will allow human resource department to have a broader view of employees’ skill requirement and deployment. Ineffective planning will cause a hindrance to employee satisfactory and organization success. In this paper, we will study how the theory of compensation management, job rotation, recognition and training will motivate employees. Correspondence to these theories, organization will gain in productivity and profit once the employees are appeased with the working environment. Employee engagement with the organization Employees’ talent and efforts have tangible effects on an organization’s productivity and stability. And such efforts are often been neglected and fail to satisfy employees’ needs. When employees’ efforts are not recognized, there will be a lack of commitment to the organization. Thus, employees will not be motivated and will be less creative. Effectiveness of Compensation Management In order to facilitate the achievement of an organization’s goals and key values, compensation management plays an important role in human resource management function. Employees should be managed properly and motivated by providing the best compensation system based on the job done and its result. A good compensation system will attract and retain skilled and productive employees. (Pattanayak B, p. 284) According to Armstrong (2002, p. 8), the compensation system consists of a total remuneration of direct financial rewards (fixed wage and variable pay) and employee benefits (annual leave and sick leave). And, non-financial rewards such is job recognition, opportunities for career advancement and personal growth are also part of the compensation system. Diagram 2 shows the list of financial and non-financial rewards that an organization can apply under the compensation system. [pic] Noe et al. (2010, p. 547) mentioned that employees’ emotion and function towards the organization is mainly influence by the compensation payout. Difference in individual personal characteristic will draw people to different compensation systems. A great solution to compensate employees in the organization is to adapt combination program rather that one program over another. List of compensation programs are merit pay, incentive pay, profit sharing, ownership, gain sharing, and skill-based pay. Merit pay is one of the best rewarding compensation programs. Employees are measured and payout annually based on the individuals performance appraisal rated by employees’ supervisor. Many companies in Singapore are adapting this compensation program for their permanent staffs. Employees will be more motivated when their performances are recognized and their basic pay is increased. Another example of compensation program is incentive pay. Incentive pay is usually seen in organization with sales team that brings in revenue and profit that will gain market share for the company. Employees with higher performance will gain in such compensation program as they measured based on the amount of products or services sold and the payout is not part on the employee’s basic pay. Payment will be earned on a weekly or monthly basis depending on the organization’s policy. Once an individual is motivated by such monetary rewards, he will sell more products and services for the rganization. However, if the compensation program is not well planned, it will have a negative effect to the organization to support its business objectives. As mentioned in the article by Daly D (2009), skilled-based pay is the remuneration to payout employees with a better skilled knowledge that related to the job. Employees who have attained new skill and knowledge will be compensated m ore comparing to their co-colleagues. Taking an example of a technician in a manufacturing organization, he will be rewarded once he has completed the machine repair and maintenance program. In order for him to continue to be compensated with better basic pay, he has to continue to upgrade his skillsets. Once the employees’ market value has increased, he will be motivated to contribute more to the organization and improve productivity. Effectiveness of Job Rotation Recognition Apart from monetary rewards, job rotation has a function to motivate employees to enhance their skill knowledge and contribute more to the organization. Job rotation is systematic procedure whereby individual employee is shifted from current position or department to another in a given period of time. Employees will be multi skilled and able to support the organization when skillsets are required. When a job is less lifeless or monotonous, employees will perform better and improve productivity. Hence, employees will gain a promotion and increase their income. (Noe et al, p. 430) Effectiveness of Recognition Recognize and reward are exactly what the employees in the organization looking forward for a better growth in their career. The right motivation will influence the employees’ behavior and in return employees will achieve the organization’s goals and objective and strive for higher productivity. Once the employees are satisfied and feel rewarded, it is unlikely for them to leave the organization. Employees will dedicated their skill and time for the organization. Therefore, the management should always be enthusiastically recognizing the talented and hardworking individuals to create a healthier working environment for the employees to come to work happily every day. Effectiveness of Training and Development Engaging employees with training and development are the two fundamental components in an organization. Both training and development do co-exist, as training will provide the skillsets and knowledge for the employees’ needs in the job. Whereas, development is a process to prepare employees in gaining new skills and knowledge for forthcoming demand in the current job or a job that do not exist. When employees obtained new skills and knowledge, it will improve the quality of the work. Organization will take the opportunities to attract and retain talented employees to gain profits and productivity. This theory is support by Noe et al. (2010, p. 87) Conclusion Employees are still an integral part of a company, being important assets. They must be constantly motivated and rewarded financial or non-financial on effort done on the job. Thus, human resource management has to balance the needs and achieve the goals and objective of both employees and the organization. Once the employees gained the recognition from the organization, they will produce better results and profits. Reference Armstrong M, 2002: Employees Rewards, London: CIPD Publishing. Durai P, 2010: Human Resource Management, New Delhi: Dorling Kindersley (India) Pvt Ltd. Noe, Hollenbeck, Gerhart, Wright, 2010: Human Resource Management Gaining A Competitive Advantage, 7th Edition: New York, McGraw-Hill. Pattanayak B, 2006: Human Resource Management, 3rd Edition: New Delhi, Prentice Hall of India Private Limited. Daly D, 2009. Employee Relations, Motivation, Performance Management, DeGarmo Group. Available http://www. degarmogroup. com/index. php/2009/03/the-effectiveness-of-skill-based-pay-systems/ [1 Dec 2010] Own Referencing Employee reward Michael Armstrong CIPD Publishing, 2002 – 573 pages http://books. google. com/books? d=keiVwGxm3i0Cpg=PA363dq=financial+and+non+financial+rewardshl=enei=lELSTtXwHYLorQeht-XnDAsa=Xoi=book_resultct=resultresnum=1ved=0CDcQ6AEwAA#v=snippetq=total%20remunerationf=false Durai P, Human Resource Management, Pearson Education India Page109 http://books. google. com. sg/books? id=cRAvCCsN2e0Cpg=PA109dq=what+the+point+on+human+resource+is+an+asset+to+organisationhl=enei=58zRTti1K9HnrAeGjOnGDAsa=Xoi=book_resultct=res ultresnum=3ved=0CEIQ6AEwAg#v=onepageq=what%20the%20point%20on%20human%20resource%20is%20an%20asset%20to%20organisationf=false pic] Ronel Kleynhans, Human Resource Management 2006 Page 6 Pearson South Africa, 1 Mar, 2006 – Business Economics – 310 pages http://books. google. com. sg/books? id=8_acBYy_77oCpg=PA6dq=HRM+-+employee+is+an+assethl=enei=bbHRTsf8LYHTrQf1pakwsa=Xoi=book_resultct=resultresnum=4ved=0CEAQ6AEwAw#v=onepageq=HRM%20-%20employee%20is%20an%20assetf=false Human Resource Management 3Rd Ed. Biswajeet Pattanayak PHI Learning Pvt. Ltd. , 1 Mar, 2005 – 504 pages http://books. google. com/books? id=dF7G0yZ51GgCdq=compensation+managementa mp;source=gbs_navlinks_s [pic] Ultimate Small Business Marketing Guide James Stephenson, Courtney Thurman Entrepreneur Press, 4 Jan, 2007 – Business Economics – 478 pages http://books. google. com/books? id=algx60Sbqo0Cdq=training+program+to+motivatesource=gbs_navlinks_s Industrial/Organizational Psychology: An Applied Approach Michael G. Aamodt Striking a balance between research, theory, and application, the sixth edition of INDUSTRIAL/ORGANIZATIONAL PSYCHOLOGY: AN APPLIED APPROACH http://books. google. com/books? id=TgE7zklRjHgCdq=training+program+to+motivatesource=gbs_navlinks_s David Daly http://www. egarmogroup. com/index. php/2009/03/the-effectiveness-of-skill-based-pay-systems/ Encyclopaedic Dictionary of Organization Behaviour Rahul Arora – 2000 – 573 pages – Full viewSarup Sons, 1 Jan, 2000 – 573 pages Recognition Reward Program Best Practices By Derek Irvine, Globoforce | April 15, 2011 http://www. hrmtoday. com/talent/human-resources-management/recognition-r eward-program-best-practices/ Make Their Day! Employee Recognition That Works: Proven Ways to Boost Morale, Productivity, and Profits Cindy Ventrice ReadHowYouWant. com, 6 Aug, 2010 – Business Economics – 336 pages How to cite Is the Most Important Asset of an Organization, Essay examples

South China Sea Dispute Essays - Foreign Relations,

South China Sea Dispute The Asian Conflict Without Resolution Celeste Jerez World Geography Prof. Adolfo Gonzales UAM College Abstract Many Asian countries have a territorial conflict over the South China Sea. In this paper, it will be stated which countries are among the ones with the conflict, why the conflict started and why after many years it hasn't ended. Territorial conflicts cannot be isolated only in geographical reasons, so also some cultural and historical aspects are considered to conduct the research. Also, the economic effects are taking into consideration because the most populated free trade zone in the world is in the same region as where the conflict is taking place. Keywords: Globalization, Free Trade, Asia, History, Geography. The Dispute To understand a geographical dispute, a cultural approach must be considered. Asian cultural practices are very conservative. Specially in China, people appre ciate the blessing of inherited land, and are very grateful to their ancestors. In China ancestor worship is a very common practice of Taoism, is based on the belief that previous generations of family continue to exist, and that these spirits can influence on the fortune of the living. (Nations Online) From this we can understand why China is so fed up with using the land they believe they have inherited. Geographically there are a lot of islands to the south of China, the number is difficult to calculate and only a few are inhabitable. These islands called the Spratly Islands were originally used just as a fishing territory, but later big reserves of oil and natural gas were found. The governments of the surrounding areas were quickly to act, and began claiming the territory as their own. The South China Sea dispute is a conflict in which 6 Asian countrie s are fighting for this territory . The countries that are currently on the conflict are China, Indonesia, Malaysia, the Philippines, Brunei and Vietnam. The main reason behind the conflict is the claim of the territory and the establishment of an Exclusive Economic Zone , with the purpose of establishing boundaries in international waters . The conflict is mainly between China and the Association of Southeast Asian Nations or ASEAN . The claims by the disputing sides involved in the South China Sea dispute are based on historical facts of when the islands were discovered and the modern United Nations Convention of the Laws of the Sea or UNCLOS. All the countries are using both the UNCLOS and historical events to claim the terri tory before the United Nations. (BBC) China's claims are based mainly on hist orical evidence. According to the Chinese. Spratley and Paracel islands were discovered by them. Th e document that states the claim is calculated to be 1700 years old. But modern history has deprived the Chinese from all historical claims. China blames the conflict between superpowers and imperialism for the loss of the occupation of the islands, saying that events such as the cold war avert international conflicts from being resolved and add tension to the differences that Asian countries have. Vietnam has a similar situation to China, having habituated the land for many generations, the only proof they have of ever owning it is the continuous control and inheritance through many generations. Vietnam stablish a sovereignty with China over the dispute during its war with France and the United States, but in the early 70s relations deteriorated leading to the conflict. Malaysia's claims on the southern Spratley islands are merely geographically territorials, stating that the islands belong to their continental shelf. Philippines also states that the land is inside their contin ental shelf, but tries to base its argument on history as well, but in contrasts with China's and Vietnam's historical facts, the Philippines' claims are relatively modern. Indonesia also states that some islands are in their continental shelf. Brunei has claimed that according to the UNCLOS some islands belong to them, but has not officially presented any case nor evidence of why. (CFR) One important event in the timeline of the conflict was when China proposed the Set Aside Dispute and Cooperative Exploration Act, proposed by Li Peng, then Prime Minister of China in the 1990. The proposal did not sympathize with

Divine Horsemen essays

Divine Horsemen essays After viewing Maya Derens film Divine Horsemen: The Living Gods of Haiti, it is clear that Deren is depicting the beauty and power of the Haitian Voodoo ceremonies. We are able to experience this through narration explaining the different ceremonies, her focus on music of the ceremony, dance and her cinematography techniques giving you a better understanding of this practice. Any false perceptions that we have had about this mysterious religion in this traditional society she clearly clarifies. In American culture there are many false perceptions on the sociality of religion in other societies, the mere word conjures images of doll stuck with pins, evil zombies. This film completely shows that this way of life is exaggerated in Hollywood films. An example of a fiction film is The Serpent and the Rainbow. An anthropologist in the film goes to Haiti in search of a magic powder that will heal and make the dead walk. In his search he witnesses strange and bizarre incidents such as walking zombies, curses, live burial. Deren shows us the positive motivation behind the several ceremonies and the narration definitely helps understand that ceremonies are a way of communicating with the divine through several spirits or what they call Loa. In the film she shows a ceremony where a man dressed in white that is dancing to the drums being played by another man is surrounded by other persons who are singing. He then starts to gyrate as if he was having an epileptic seizure, swinging his hands and the camera continues to do a close-up on him to the point where you see how his eyes looked, as if something had hypnotized him or he was being controlled by a spirit. This was the ceremony for the Loa Legba. The narration explains that Legba is the god of the crossroads and is very important to the Haitians as he is given the ultimate respect that is displayed when the people all move back and give him space so that he can bring...

10 Facts About Ribonucleic Acid (RNA)

10 Facts About Ribonucleic Acid (RNA) RNA or ribonucleic acid is used to translate instructions from DNA to make proteins in your body. Here are 10 interesting and fun facts about RNA. Each RNA nucleotide consists of a nitrogenous base, a ribose sugar, and a phosphate.Each RNA molecule typically is a single strand, consisting of a relatively short chain of nucleotides. RNA can be shaped like a single helix, a straight molecule, or may be bet or twisted upon itself. DNA, in comparison, is double-stranded and consists of a very long chain of nucleotides.In RNA, the base adenine binds to uracil. In DNA, adenine binds to thymine. RNA does not contain thymine - a uracil is an unmethylated form of thymine capable of absorbing light. Guanine binds to cytosine in both DNA and RNA.There are several types of RNA, including transfer RNA (tRNA), messenger RNA (mRNA), and ribosomal RNA (rRNA). RNA performs many functions in an organism, such as coding, decoding, regulating, and expressing genes.About 5% of the weight of a human cell is RNA. Only about 1% of a cell consists of DNA.RNA is found in both the nucleus and cytoplasm of humans cells. DNA is only found in the cell nucl eus. RNA is the genetic material for some organisms which dont have DNA. Some viruses contain DNA; many only contain RNA.RNA is used in some cancer gene therapies to reduce the expression of cancer-causing genes.RNA technology is used to suppress the expression of fruit ripening genes so that fruits can remain on the vine longer, extending their season and availability for marketing.Friedrich Miescher discovered nucleic acids (nuclein) in 1868. After that time, scientists realized there were different types of nucleic acids and different types of RNA, so there is no single person or date for the discovery of RNA. In 1939, researchers determined RNA is responsible for protein synthesis. In 1959, Severo Ochoa won the Nobel Prize in Medicine for discovering how RNA is synthesized.

Commentary on Accounting Ratios Research Paper Example | Topics and Well Written Essays - 1000 words

Commentary on Accounting Ratios - Research Paper Example This means newer businesses will generally have lower ROCE as compared to older businesses due to the depreciated amount of its assets. Additionally, the number of years that both Dairy Crest and its close competitor have been in business is unclear. The revenue of Dairy Crest is up by almost 20% in 2008, resulting in Operating Profit Margin of 6%. This result is on par with its competitor. However, the improvement may have been attributed by the twofold increase in Dairy Crest's other income, of which the breakdown has not been disclosed. Given the equal result, it can be said that the competitor may be new in the market since its ROCE is way lower than that of Dairy Crest. In fact, the company's Gross Margin Profit is down from 4.6% in 2007 to only 3.9% in 2008, whereas its competitor's is 25.7%. Looking at Dairy Crest's consolidated income statement, its operating cost is up by almost 21% while its revenue increased only by about 20%. Also, there may be some differences in the pricing strategy adopted by the two companies, which explains the big gap in the margin. The company's Asset Turnover Ratio is slightly better at 1.8 times in 2008, while its competitor is at 1.9 times. The higher revenue in 2008 means Dairy Crest is utilising its assets more. Assuming its competitor is new in the business, this result shows Dairy Crest is not performing as well as its competitor. It appears that Dairy Crest has better control of its stocks with a drop in its Stock Turnover of 38.6 days in 2008 against 43.1 days in 2007. As food stocks are perishable items, it is advisable not to hold them for too long. Dairy Crest's move to bring its stock holding period down by 10% is wise. While its competitor holds stocks 46 days in 2008, it is unclear if this is due to uncertainty in suppliers, as the high levels seem unnecessary based on industry. The Current Ratio of Dairy Crest in 2008 is 1.4, an improvement from 1.0 in 2007. This shows the company's financial position is healthier. However, its competitor's Current Ratio of 0.8 in 2008 seems risky, as

Goyas Ghost's Movie Review Example | Topics and Well Written Essays - 750 words

Goyas Ghost's - Movie Review Example As the French were allies, their troops were welcomed with open arms despite the diplomatic unease that was transpiring between the two countries. The official warfare started when in February 1808, Napoleon ordered the French commanders to capture key fortresses which would allow the country to gain dominance over its former ally. On 29th February, Barcelona was conquered by French and soon the Spanish power began to decline. Whenever there is a war, there are crimes, atrocities, some of which are recorded while the others are lost in time. There were innumerable incidents of bloodshed, torture, and rape along with other war crimes. Much of this was captured in the art of printmaker Francis Goya. The ‘Disasters of War’ is a collection of 82 prints made by Goya, which depicts the war along with its gory details. The prints are seen by many as a protest against the war. Another collection of Goya, painted between 1819 and 1820 represents his desolate outlook of humanity d ue to the things he had seen and experienced during the Peninsula war. These paintings became the inspiration for a movie released in 2006 by the name of Goya’s Ghosts. The movie Goya’s Ghosts directed by Milos Forman in 2006 presents the Spanish region during the War. The most important characters of the movie are Lorenzo, Ines, and Goya. Out of the three characters, only Goya existed in reality. The others are fictitious characters created only to present the movie through Goya’s perspective. Most of the focus during the movie is, however, not on Goya but rather on Lorenzo, Ines and other characters through which lives of the people during the war are represented. The movie depicts how the lives of even those who were not directly linked with the warfare were deeply affected. The whole generations were swept into poverty which forced them to enter the professions which they would not normally dream of. This is shown by the character of Ines who is first impris oned by the Catholic Church, which inflicts pain on her while she is naked.           

The North Face Inc Accounting Essay

The North Face Inc Accounting Essay Financial accountants and independent auditors commonly face challenging technical and ethical dilemmas while carrying out their professional responsibilities. This case profiles an accounting and financial reporting fraud orchestrated by the chief financial officer (CFO) of a major public company and his subordinates. The CFO, who was a CPA, took extreme measures to conceal the fraud from his companys audit committee and independent auditors. Despite those measures, the independent auditors identified suspicious entries in the companys accounting records that were a result of the CFOs fraudulent scheme but did not properly investigate those items. Shortly before the fraud was publicly revealed, a partner of the companys audit firm instructed his subordinates to alter prior year audit workpapers for the client to conceal improper decisions made by himself and his firm. History Hap Klopp founded North Face in the mid-1960s to provide a ready source of hiking and camping gear. In 1970, North Face began designing and manufacturing its own line of products after opening a small factory in nearby Berkeley. In 1980, North Face began sponsoring mountain-climbing expeditions across the globe. And North Face became the only supplier in the United States to offer a comprehensive collection of high-performance outerwear, skiwear, sleeping bags, packs and tents. Challenges Sales Growth vs. Quality Control By the mid-1980s, North Faces overburdened manufacturing facilities could not satisfy the steadily growing demand for the companys merchandise or maintain the high quality production standards established by management. New Era In July 1996, a new management team took North Face public, listing the companys common stock on the NASDAQ exchange. The management team established a goal of reaching annual sales of $1 billion by 2003. Later when the actual revenues and profits of North Face failed to meet managements expectations, the companys chief financial officer (CFO) and vice president of sales booked a series of fraudulent sales transactions. Barter for Success at North Face In December 1997, North Faces CFO Christopher Crawford negotiated a $7.8 million sale of excess inventory to a barter company in exchange for trade credits. Crawford knew that the authoritative accounting literature generally precluded the recognition of revenue on such transactions. Crawford, however, structured the transaction to recognize a profit on the trade credits. An Oral Side Agreement Crawford required the barter company to pay a portion of the trade credits in cash. To further obscure the true nature of the large barter transaction, Crawford split it into two parts. 1. On December 29,1997, a $5.15 million sale recorded($3.51 million in cash $1.64 million trade credit) 2. On January 8, 1998, the remaining $2.65 million portion of the barter transaction was booked. Consignments In the third and fourth quarters of fiscal 1998, Todd Katz, North Faces vice president of sales, arranged two large sales to inflate the companys revenues, transactions that were actually consignments rather than consummated sales. The first of these transactions involved $9.3 million of merchandise sold to a small, apparel wholesaler in Texas. Katz negotiated a similar $2.6 million transaction with a small California wholesaler a few months later. Erasing the Past Richard Fiedelman served for several years as the advisory partner for the North Face audit engagement and during early 1998 served for a brief time as the audit engagement partner. During the 1997 audit, the Deloitte audit engagement partner proposed an adjustment to reverse the portion of the $7.8 million barter transaction recorded in December 1997 because he realized that the profit could not be recognized on a barter transaction when the seller is paid exclusively in trade credits. The Deloitte audit partner passed on the proposed adjustment since it did not have a material effect on North Faces 1997 financial statements. While supervising the review of North Faces financial statements for the first quarter of 1998, Fiedelman allowed the company to improperly recognize profit on a portion of the $7.8 million barter transaction booked in January 1998 for which North Face was paid exclusively in trade credits. During the planning phase of the 1998 audit, Fiedelman convinced the new audit engagement partner that the prior year workpapers were wrong and that the previous audit partner had not concluded that it was not permissible for North Face to recognize profit on the 1997 portion of the barter transaction that involved strictly trade credits. As a result of Fiedelmans guidance, the new audit partner did not propose an adjustment to reverse the January 1998 portion of the barter transaction that had been approved by Fiedelman. Fiedelmans subordinates altered the 1997 workpapers to change the conclusion expressed by the 1997 audit engagement partner that North Face was not entitled to record profit on a sales transaction in which it was paid entirely in trade credits. Consequences The SEC sanctioned North Faces CFO, the companys vice-president of sales, and Richard Fiedelman for their roles in the North Face fraud. Questions 1. Should auditors insist that their clients accept all proposed audit adjustments, even those that have an immaterial effect on the given set of financial statements? Defend your answer. No. Clients are not prone to adopting auditors proposed audit adjustments, which forces auditors to somehow determine on an aggregate basis the impact that proposed and/or passed audit adjustments have on a clients financial statements. The most common reason for a client not to make a proposed audit adjustment is that the client disagrees with the need for the given adjustment. We dont want to see that audit engagements ultimately become a tug-of-war between client management and auditors over proposed audit adjustments. 2. Should auditors take explicit measures to prevent their clients from discovering or becoming aware of the materiality thresholds used on individual audit engagements? Would it be feasible for auditors to conceal this information from their audit clients? Yes. To the greatest extent possible, auditors should not provide clients with access to the critical parameters or facets of audit engagements, including materiality limits. According to this case, the CFO used the materiality to subvert the integrity of the entire audit engagement. It is often not feasible to conceal information such as materiality limits from client personnel. For example, auditors always have client personnel pull documents, prepare various schedules to which audit procedures will be applied, and perform other important audit-related tasks. In completing these tasks, client personnel can often determine the auditors intent and/or the scope or materiality limit of a given audit test. Likewise, clients have access to the professional auditing literature and professional publications that discuss the general guidelines that auditors use in making important strategic decisions during the course of an audit, including the selection of materiality limits for individual accounts or financial statement items. 3. Identify the general principles or guidelines that dictate when companies are entitled to record revenue. How were these principles or guidelines violated by the $7.8 million barter transaction and the two consignment sales discussed in this case? According to FASB 605 Revenue Recognition Revenues and gains are realized when products (goods or services), merchandise, or other assets are exchanged for cash or claims to cash. Revenues are considered to have been earned when the entity has substantially accomplished what it must do to be entitled to the benefits represented by the revenues. Generally, barter transactions in which a company receives trade credits in exchange for merchandise should be recorded at the fair value of the merchandises given up since the ultimate realizability or economic value of the trade credits is typically not determinable at the time of the exchange. So, even though the exchange element of the revenue recognition principle is satisfied by such a transaction, the realized element is not necessarily satisfied, meaning that any profit on the transaction should be deferred. In the case at hand, there was clearly some question as to the fair value of the excess merchandise that was being sold to the barter company. A conservative treatment of the transaction might have dictated that a loss or writedown of the merchandise was actually the most appropriate accounting treatment for the transaction. FASB 605-15-25 Sales of Product when Right of Return Exists prohibits a seller from recognizing revenue (or profit, of course) when the given customer can return the product and the ultimate payment to be received by the seller hinges on the customer reselling the product. Both features of the revenue recognition rule were violated by the decision of North Face to record the large consignment sales: there was not a true exchange since the two customers did not pay for the merchandise and the given transactions were not finalized until the customers resold the merchandise, meaning that the realized requirement of the revenue recognition rule had not been satisfied. 4. Identify and briefly explain each of the principal objectives that auditors hope to accomplish by preparing audit workpapers. How were these objectives undermined by Deloittes decision to alter North Faces 1997 workpapers? According to AICPA AU Section 339. 03, audit documentation serves mainly to: a. Provide the principal support for the auditors report, including the representation regarding observance of the standards of fieldwork, which is implicit in the reference to generally accepted auditing standards. b. Aid the auditor in the conduct and supervision of the audit. Both of these objectives were undercut by the decision of the Deloitte auditors to alter North Faces 1997 audit workpapers. First, by modifying the 1997 workpapers and not documenting the given revisions in those workpapers, the Deloitte auditors destroyed audit evidence, evidence that demonstrated that the 1997 audit team had properly investigated the authoritative literature relevant to barter transactions and proposed an audit adjustment consistent with the requirements of that literature. Second, the alteration of the 1997 workpapers affected the decisions made on the 1998 audit. That is, the auditors during the 1998 audit relied on the apparent decisions made during the 1997 audit and thus reached an improper decision on the accounting treatment that would be appropriate for the barter transaction recorded by North Face in January 1998. 5. North Faces management teams were criticized for strategic blunders that they made over the course of the companys history. Do auditors have a responsibility to assess the quality of the key decisions made by client executives? Defend your answer. Yes. Major strategic blunders by client management can create an environment in which client executives and their key subordinates have a strong incentive to distort their entitys accounting records and financial statements. More generally, the overall quality of top managements decisions affects the inherent risk present during a given audit. Event though assessing the quality of key decisions made by client executives is not often seen as an explicit audit procedure within an audit program, auditors need to be aware that the competence of top management and the wide-ranging implications of that competence to all facets of an audit.

Make-believe plays

Make-believe plays are fundamental and vital elements in the overall development of the child. These are fantasy or imaginary plays in children usually between ages two and six, in which children practise their acquired knowledge of every day life and activities; they begin to play roles and mimic adult behavior as ways of thinking over what they have seen older people around them do. These plays contribute to the mental and emotional developments of children. Really all the developmental tendencies of the child are condensed in the plays. Make believe plays contribute to the formation of schemata; creating a mirror through which they see and interpret events and human interactions within the locality. In this way, the imaginative ability of this child is built. Apart from this, these fantasies plays help in their intellects and learning. Children who engage in them tend to envision imaginary things easier, they can create understanding pictures faster and their learning speed is faster. This is simply because these plays help develop their thinking and imaginary faculties, and learning is more pleasurable. Besides, role taking and sharing in these plays create a sense of belonging; this is the foundation for every human relationship. Although, they start first as solitary actor/actress, they soon realize the need to involve others. This helps them to understand the place of involving other people in their daily activities and achievements. This creates a connection between children. This way, a viable social life is incorporated to the growth process of the child, and this would continue into adulthood. Children use these means to try behaviors. They test what they have learnt and seen. This helps them master such and create a feeling of control over such. However, there are unfavorable concepts as death, fear, rejection, injury, incorporated into their plays, with a view to expressing such; thus, they develop significant control over these formidable threats.[Singer, 1996] Indeed, make-believe play is a creative way by which children develop their mental state, test their knowledge of life, try out behaviors and emotions, and engage in conversations with others. It is an essential part of their development. REFERENCES Singer, Dorothy, coauthor of The House of Make-Believe: Children's Play and the Developing Imagination   

Communication Is A Poor Understanding Of Communication Essay

We already have the basic skills that it takes to make everyday communication possible. After all, it’s something we’ve picked up on over time simply by listening and observing others. So why go the extra mile to learn more about something we have been doing since as long as we can remember? I have found that the answer is a lot simpler than one might expect. As we know communication is inescapable, we spend between 80 – 90% of our waking hours doing it. [4] Sadly, much of it is misinterpreted due to a poor understanding of proper communication skills. I believe that advancing our knowledge of communication will help to minimize these misinterpretations and maximize efficiency in all aspects of life. That said, communication is a far more complicated subject than I had ever imagined. Luckily its framework can be narrowed down into five principles: (1) be aware of your communication with yourself and others, (2) effectively use and interpret verbal messages, (3) effectively use and interpret nonverbal messages, (4) Listen and respond thoughtfully to others, and (5) appropriately adapt messages to others - each of which can be further broken down into subcategories. [4] I will be using these principles to break down the areas of communication I feel are my strong and weak points. To do so we must understand at least the most basic aspects in each. Keep in mind that when we describe ourselves, whether it’s how we look physically or our interior identities, we are to someShow MoreRelatedCommunication Barriers in the Workplace1113 Words   |  4 PagesCommunication barriers in the workplace Communication is the conveyance and flow of ideas from one person to another. The exchange of information takes place through letters, words, symbols and nonverbal behaviors. 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