Social Media: ABM Industries
The relevance of a social media strategy cannot be overstated. This is more so the case given that in addition to ensuring that the company does not have its interests harmed or threatened due to wrongful use of social media, a social media policy advances the interests of a business entity via such activities as marketing and customer acquisition. A social media strategy permits the organization to make optimal use of social media platforms. It is, therefore, unfortunate that ABM Industries does not have in place a social media strategy.
Being one of America's largest facility management firms, ABM offers "state-of-the-art, dependable building maintenance services ." (ABM, 2016). The company was established in 1990 as a one man show. Morris Rosenberg, the founder, saw the need to professionalize window washing which was at the time being done by anyone with a rug, soap, and access to water. The rate of accidents, and even deaths, were quite high as most of those who were engaged by building managers to clean, particularly window cleaning in skyscrapers, possessed no training at all and did not often take safety precautions. Rosenberg identified an opportunity. More than a century later, ABM has become a household name in the professional cleaning business. Currently, it has more than 100,000 spread over various locations all over the world. In addition to cleaning, it is important to note that ABM Industries performs a wide range of other facility services including, but not limited to, outsourcing and building maintenance.
As it points out on its website, the company has come thus far thanks to its client-focus and determination to do things the right way. As a matter of fact, the company points out that it is a no shortcut enterprise -- and would never compete with another company for a job if it meant compromising its values. As the company...
In summary, we recommend that the IESBA reconsiders the proposals in the Exposure Draft and provides more guidance on safeguards applicable to sole practitioners and small accounting firms to ensure that the benefits of the changes outweigh the costs to SMEs. Under a principle-based approach, there should be safeguards and practical relief for all practitioners rather than rules-based outright prohibitions. The rewrite of this Independence component of the Code
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