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Outrageous Salaries of Chief Executive Officers
When Gordon Gekko, in the movie 'Wall Street' told the shareholders of Teldar Paper, "The point is, ladies and gentlemen, that greed...is good. Greed is right. Greed works. Greed clarifies...captures the essence of the evolutionary spirit...and greed will not only save Tedar Paper but that other malfunctioning corporation called the U.S.A.," many corporate executives must have been listening and took it to heart (Wall pg). During the last few years, corporate scandals have remained front-page news and have rocked the foundation of the corporate business. Although the glory days are gone for most stockholders, for many CEOs the good times still roll on (Strauss, Hansen Pp).
The high profile scandals or fraud and executive chicanery has tarnished corporate America. "The sputtering economy and sagging corporate profits pounded stock for a third-consecutive year...ut when it came to pain and suffering...most CEOs barely felt the downdraft…… [Read More]
Succession Planning at Chatham Information Services, Inc.
Today, Chatham Information Services, Inc. (alternatively CIS or "the company" hereafter) is a leading provider of information technology (IT) consultancy services headquartered in Dallas, Texas specializing in human resource (H) related issues. With 7,000 dedicated employees and offices throughout North America, Europe and Asia, CIS is well situated to take advantage of an increasingly competitive and globalized marketplace. ecently, the company's chief executive officer (CEO) announced her decision to retire within 6 months but she would remain with Chatham until they found a suitable replacement. This paper describes the succession planning procedure for the CEO position used at the company, including a discussion concerning relevant critical knowledge, skill and abilities (KSAs) of this position, a description of the selection and training process that will be used to ensure the incoming CEO possesses these KSAs. Finally, a description concerning how the selected successor will…… [Read More]
1. As the consultant, create an argument that you will present to the CEO that suggests accounting and financial management knowledge and skills will be essential to the company’s success and stability over the next five (5) years. Provide support for your argument.
As a consultant to the Chief Executive Officer (CEO) of Durango Manufacturing Company, I have established that the firm has a weakened pecking order in terms of accounting and financial structure, lack of proper segregation of duties, lack of properly delineated responsibilities, lack of highly trained and proficient medium level and high level managers. Accounting and financial management knowledge and proficiencies will be pivotal to the success and stability of the corporation over the next five years.
The first individual within the structure is the accounting manager or controller. This position usually deals with responsibilities for all activities associated with accounting. These duties more often than not…… [Read More]
Chief Nursing Officer in a Nursing Unit
hat is the role of today's Chief Nursing Officer (CNO) in the medical workplace? Are there issues that need resolution within the CNO purview? Is there a turnover problem in the field when it comes to the CNO position? hat leadership styles prove most effective for CNOs? These matters and others will be examined in this paper.
The Literature on Chief Nursing Officers -- Leadership Styles
As to leadership styles in nursing management, Jesus M. Casida published his dissertation for a Doctor of Philosophy at Seton Hall University on the subject of "Nurse Managers' Leadership Styles" in acute care hospitals in New Jersey. Although Casida did not use the term Chief Nursing Officer, he did employ the term "Nurse Managers" (NM) in reference to their leadership styles on "nursing units' organizational culture" (NUOC). His research included a self-administered measurement tool presented at four…… [Read More]
Chief Financial Officer (CFO) in most corporations, both public and private, has expanded exponentially in recent years (Favaro, 2001). Compliance requirements and increased dependence on accounting information has caused the role of the CFO to take on increased importance.
The role and responsibilities of the CFO vary from corporation to corporation and there is no hard and fast rule as to what the role and responsibilities of a CFO might be (Farag, 2011). Such roles and responsibilities can be extensive but there are essentially five major roles that nearly every CFO fills in the modern corporation. The first such role is to participate fully in the leadership of the corporation. In this role, the CFO, using his knowledge of accounting rules and principles, contributes to the overall corporate strategy and assists in formulating policy for the organization.
The second role filled by the CFO is to be actively involved in…… [Read More]
Chief Executive's Tasks
When Mintzberg's model for CEOs is used, the above case study can be observed to have managerial activities that can be categorized into the interpersonal, informational as well as the decision-making roles that were displayed by the concerned manager.
The interpersonal roles that were executed by the manager included the speech that he was to give at the area police academy. The other instance is when he learnt from the communications officer that one of the motorcycle officers was involved in an accident and he went to wish him well in the hospital was an interpersonal role. The ride that the manager was to make in the holiday parade could also be categorized under interpersonal roles and finally the attending of the special ceremony at the city park that honors area law enforcement officers who had been killed in the line of duty.
The informational roles in…… [Read More]
The author of this report is asked to analyze and summarize the compensation plan of Merck Corporation, how it can be better, what they are doing right and what they are doing wrong. Inclusive in that will be an overall evaluation of their current plan, the beneficial ratio of internally consistent and market-consistent compensation systems, an evaluation of the current pay structure, two overall recommendations that the author of this report feels that Merck can and should undertake and the types of employer-sponsored retirement plans and/or health insurance plans that Merck makes use of as compared to that of competitors like Johnson & Johnson and others. While Merck, like most other companies, should always work to fine-tune and perfect their compensation plan, Merck is actually going quite well as made possible by their market and internal research as well as its wealth of resources and options that they…… [Read More]
Executive ranch Authority to Conduct Foreign Affairs
Executive Power is vested in the President of the United States by Article II of the Constitution. Article II, Section 1, Clause 1 of the American Constitution, called the 'Executive Vesting Clause' has been the constant focus of constitutional analysis, even at the time of its ratification. James Madison and Alexander Hamilton famously debated this clause in 1793, on the specific issue of residual authority given to the President above and beyond powers as enumerated in the Constitution. The power and authority of the President affects not only the President himself, and the two arms of the Congress, but also the freedoms and rights of U.S. citizens. The precise delineation of executive power has been the subject of notable Supreme Court cases particularly with respect to foreign affairs and war. In the United States now, due to the 'War on Terror', issues of…… [Read More]
Removing losses from the company's books made the main corporation look more attractive. Enron appeared to be operating at a profit; a key factor in the valuation of any company's stock. By virtue of this "success," Enron was able to raise even more money for more investments.
The architects of all this "growth" profited accordingly. Ken Lay and his associates held large amounts of exceedingly valuable and overvalued stock. hen Enron's cheating was finally exposed, it became painfully apparent to what extent Ken Lay, Jeff Skilling, and other Enron executives had been making vast sums of money on the backs of gullible workforce, and a gullible public:
The "Enron Nine" (if we may call them that) are J.P. Morgan Chase, Citigroup, Credit Suisse First Boston, Canadian Imperial Bank of Commerce, Bank of America, Merrill Lynch, Barclays, Deutsche Bank and Lehman Brothers. These financial institutions collaborated with the now-bankrupt energy company…… [Read More]
Steve Ballmer, the director and chief executive officer at Microsoft Corporation, has contributed much towards the evolution of computers and computing power. The purpose of this essay is to examine Mr. Ballmer and his contributions towards this technological advancement which is known as computing. In this essay I'll give a brief biographical sketch of this individual and then describe his contributions and how they have significantly affected the industry and the world itself.
According to the Forbes.com profile, "Mr. Ballmer is 54 years old, has headed several Microsoft divisions during the past 30 years including operations, operating systems development sales and support." Steve Ballmer is known as a lively personality. His energetic leadership style seems to override his contributions towards computing industry, but nevertheless contextualize his experiences at Microsoft.
In Ballmer's early life, he grew up in Michigan and went to a private preparatory school and went to Harvard…… [Read More]
Llyod Blankfein is the current chief executive officer (CEO) of Glodman Sachs and has held that position since 2006. Blankfein is a native of the Bronx (New York City) attended Harvard Law School, graduating in 1979 with a Juris Doctor degree. He worked as a corporate attorney for a couple of years until beginning his Goldman Sachs career as a precious metals salesman in London in 1981.
Moving up through the ranks, he continued working for Goldman until, in 2006, he took over the reins of the company from the outgoing CEO and has run the company since that time. Blankfein is one of the highest paid executives in the financial industry. In 2007, he earned almost $54 million, following 2006 when he earned even more. His base salary during those years was approximately $600,000 so the remainder of his compensation was his bonus that was paid in cash,…… [Read More]
In order to analyze the financial stability and health, several important liquidity and debt ratios are necessary. The current ratio, comparing the current assets to the current liabilities in a company, was 0.95 in 2007, decreasing gradually from 2004. It is generally recommended that this ratio is 1 or higher, however, 0.95 is a value close to that, giving a good reflection of the company's short-term financial viability. This is also important because any liquidity problems can then translate into bigger medium and long-term financial problems.
The financial leverage of the company, along with the debt to equity ratio, has, however, increased significantly from 2005 to 2007. In 2005, the financial leverage was 1.98 and the debt to equity ratio 0.40, while in 2007, the financial leverage was 2.91 and the debt to equity ratio 0.93. This shows that the company is starting to rely from on bank credits and…… [Read More]
This alternative essentially redistributes some of the power within the department in order to facilitate more successful service in individual communities. This clearly makes discretion appropriate based on the individual needs of the community. Police Chiefs need to develop "new concepts to better satisfy the demands and needs of the citizens they serve," and as such, may have to use discretion in how the approach and interact with unique communities as they encounter them (Meese, 1993, p 1). Discretion on behalf of a police chief allows for greater success in implementing community policing methods.
Police chiefs also find themselves using various types of administrative discretion as well in regards to how they operate their police department and the officers in the field under them. A police chief's administrative discretion could even influence the discretionary actions of other officers in the field. For example, in 2010, a police chief in the…… [Read More]
CIO- Strategist and Executive
Currently, Information technology (IT) is integral in providing business services, and the organization of information on the company. Business process, policies and plans have shifted from the back of the office to the internet. As the business embraces e-commerce and other innovative implementations of IT that assists organizations, leadership in controlling the business information resources becomes significant. The invention of new approaches and the improvement of old ones using the modern information era require strong engagement of information management from the commencement (Leidner, Preston & Chen, 2010).
The efficient, effective, and inventive application of information technology facilitates a high degree of leadership and insight that surpasses the IT functions. esearchers assert that the demand for strong control of information management necessitated the presence of chief information officer (CIO) in executive departments and organizations. The CIO has numerous responsibilities and duties in managing information in the business…… [Read More]
For most parts of history, government financial executives have been taken as scorekeepers, and made responsible for collecting, processing and reporting the financial information that used by elected officials and senior managers who use them in making their decisions. The question is whether their role has now changed with the present importance of information technology. (From Scorekeeper to Business Partner: The Evolving ole of Government Financial Executives)
Now there is increasing evidence of the importance that information technology is getting in public administration and this is resulting in more and more insistence from the public that government financial executives have a greater say in all decision making activities of the government. The finance executives are now the individuals to lead the charge for getting an entrepreneurial type of government and have it judged based on its performance. For most of the finance executives now, the changes are leading…… [Read More]
As it pertains to the physical differences women have to miss some time at work after having a child to allow their bodies to heal. Missing this time from work can be detrimental to pursuing certain management positions. However men who become fathers do not have this same type of barrier. In addition, although many fathers are more involved with the daily care of their children, mothers are still the primary caregivers (Sumer, 2006). With this being understood, women often have a harder time balancing work and family life (Sumer, 2006).
In some cases it may be difficult for women to find childcare and as a result they may not have the luxury of being able to work the long hours that male counterparts can work. Some corporations have attempted to assist working mothers as it relates to childcare by offering childcare facilities in the workplace (Sumer, 2006). It appears…… [Read More]
his keeps the costs low, and is facilitated by the fact that the company operates a relatively simple business model, with most of its business focus on operating its coffee shops.
Financial Strategy and Practice
he company's fiscal year was just completed and the financial results were:
Cost of Sales
Store Operating Exp
Other Operating Exp
Depreciation and Amortization
General & Administrative Exp
otal operating Expenses
Gain on sale of properties
Income from equity investments
Interest Income, net
he most recent quarterly revenue (Q4 FY2011) was $3,031.9 million.
he most recent quarterly net income was $358.5 million.
he current stock price (as of market close December 2, 2011) is $43.91. he stock price is trading near to the all-time high, but the company is continuing to expand…… [Read More]
The Honorable John Culberson
Old Executive Office Building
t seems there is very little we have done in raq that is in any way honorable. t is common knowledge, now, that there were no Weapons of Mass Destruction, and therefore precious little excuse for the war. However, it is true, also beyond question, that Saddam Hussein was a vicious and brutal dictator who kept his nation in line by virtue of excesses of every sort. One of his sons is reputed to have shredded foes in paper shredders. So perhaps the global community is better off rid of him.
None of that excuses the actions of the United States, both its top administration and its military. After exposure of their activities at Abu Ghraib Prison, and in Guantanamo Bay, Cuba, their activities are very little better than the unconscionable activities of the Hussein family. Perhaps it…… [Read More]
Also, overall organizational costs have increased as well. Thus, two central questions must be answered. First of all, what is the hospital's ethical policy on a patient's right to die? How can the policy be rectified so that it is coherent with the law and with the director's policies? The assistant cannot alone determine this statement, but can demand that the rights of the patient to refuse or accept treatment for their own physical persons and their children be clearly stated by some organizational manifesto. If there is a coherent organizational policy that the hospital can hereafter adhere to, then patients will have some idea what they are 'getting into' before coming to the hospital, and the board of directors can have some say as to the overall hospital policy. Secondly, regarding the increase of costs, the financial department must be consulted as to how many Medicaid and Medicare patients…… [Read More]
Imagine that it's your responsibility to select an ethics officer for your organization. What qualities, background, and experience would you look for? Why? Would you ever be interested in such a position? Why or why not?
An ethics officer plays a significant role for an organization. In the selection of the right ethics officer for my organization, I would have to consider several major factors such as the personal qualities, background and experience. First of all, the ethics officer should posses the following qualities: honesty, truthfulness, integrity, fairness, accuracy, and significance of moral values. These qualities are the basic ingredients that should be searched thoroughly in the ethics officer during the selection process.
The background of the ethics officer should be related to any field such as business, medicine, engineering, sociology, psychology or armed forces, but it should be kept in mind that the ethics officer belongs to a…… [Read More]
CIO Oversees the Protection, Operations, and Maintenance of a Company's Network
In the Age of Information, an organization's chief information officer has a vitally important role to play in helping achieve and sustain a competitive advantage. Although chief information officers do not make the big decisions that affect a company's course, they do provide the information needed to make informed decisions. Although every organization is unique in some fashion and therefore every chief information officer's job is different, they do share some common responsibilities that help characterize the position. To determine what these commonalities are, this paper provides an explanation concerning the role of a chief information officer in a company, followed by a summary of the research and important findings in the conclusion.
eview and Analysis
The role of chief information officer (CIO) has been elevated to a high-level executive position in many larger public and private organizations (omanczuk…… [Read More]
Fictional ase Study
Fortsworth ompany has made positive strides for itself despite the existing industry rivalry
The use of key resources and abilities incorporating industry-leading design groups, talented hardware, and software engineers has bolstered the company's prospects (Aaker, 2008).
Fortsworth ompany cannot depend on its current glory since it may change any time
It must invest in emerging and expanding markets as income sources (Russ, 2010).
Regardless of the positive strides that Fortsworth ompany has made for itself, the solid rivalry within the industry and other external variables present formidable tests to the firm. The personal computer business sector is coming to be progressively commoditized, accelerating powerful competition around contenders within the industry, driving costs down, and making conceivably damaging price wars. The use of key resources and abilities incorporating industry-leading design groups, talented hardware, and software engineers supported by a sizeable research and development plan under the stewardship of…… [Read More]
However, that does not mean that the COO, for instance, is much more suited for this kind of activities.
Analytical skills and community involvement are also qualities that determine the success of a CEO. Executive officers need strong analytical skills in today's fast changing marketplace. The needs of many groups have to be addressed everyday, while the interests of the organization must also be fostered. A CEO, cannot appear distant, single-minded or out of touch. The need to interface with all parties and to creatively analyze all information becomes more and more important. From this point-of-view, due to their analytical nature, CFO are well prepared for the job. As far as community involvement is concerned, my opinion is that it is the nature of the individual that decides the degree a company and its top representative are involved in social events of all types. I think that a CFO is…… [Read More]
Also, environmental factors as well as leadership can affect overall company performance. Oxford's floundering was due partially to internal control issues that may or may not have been under the direct control of iggins, and also had roots in the problems afflicting the health care industry in general. This is why: "Financial rewards in a fast-changing business environment could undermine a company's ability to build trust and commitment unless management and employees have an honest discussion about their mutual expectations" ("Performance-Based Salaries Don't Always Pay Off,"2003, Harvard Business School orking Knowledge). Finally, it must be remembered that the effects upon the psyche of even a well-compensated CEO who does not receive his or her expected compensation may frustrating but this effect can be even more devastating for a less well paid, lower-level employee.
Performance-Based Salaries Don't Always Pay Off." (26 Apr 2003).
Harvard Business School orking Knowledge. Retrieved…… [Read More]
Zain Telecommunications Kuwait
The purpose of this group project is to provide an opportunity for students to make the application of concepts covered in this course to a real Kuwaiti firm. The firm considered in the project is Zain Telecommunications Kuwait. Zain is a top mobile telecommunications provider in the Middle East and North Africa. The company was initially established in the year 1983 in Kuwait and was known as Mobile Telecommunications Company (MTC). The company made major strides by becoming the first mobile operator in the Middle East region. As the company instigated its expansion approach in 2003, Zain experienced immense growth rate in not only the Middle East, but also in Africa. This is predominantly owing to the acquirement of numerous mobile operators across the region. Four years later, Mobile Telecommunications Company underwent a rebranding to become Zain. This was purposed to better mirror the company's improving position…… [Read More]
Programs and Services
§ Briefly describe the major programs and services, and the population intended to be served.
Before choosing the programs it is pointed out that about three decades ago, the term 'organizational culture', came in vogue. It resulted in a study of the different styles of organizing. Today the organizational change can be achieved easily and the methods of conducting programs themselves can be a part of a project that involves multiple organizations. Non-profits also came into the scrutiny of these concepts. (Wright, 1994)
The theory now is to see that maximum benefits and opportunities are extended to the subjects by the organization in this case the disadvantaged groups, particularly women and children. The programs seem to be created and managed on the general principles that all organizations follow. There does not seem to be any specific study that was done to incorporate the persons who belong to…… [Read More]
In cities, urban dwellers have less room to store large amounts of goods in small apartments, and have more access to smaller, independent stores that offer more boutique services and access to wider varieties of specific goods. Discount shopping is easier for a urban walker, comparing prices on a street, and also an urban bookstore might have a wider selection than al-Mart, as might a grocery store, but only at al-Mart can a customer buy a best-seller and brand name groceries at low prices at the same time. Additionally, partly because of bad press regarding its labor practices, and also because European consumers tend to buy less in bulk, at the same time, than their American counterparts, al-Mart's success in Europe has been less dominant than its home country of America, although its international sales remain strong.
Identify the name of the company's independent accountants (auditors) and explain in your…… [Read More]
Leadership and Organizational ehavior
Smith & Falmouth is a television shopping and mail order network with operations in the United States and Canada. S& F. Online is the electronic commerce division of this corporation. The Chief Executive Officer (CEO) of S& F. Online is Irene Seagraves. I play the role of the newly selected Chief Operating Officer (COO) to Miss Seagroves. Reporting to the COO is James Argyle, Project Manager, rian Kervor, Logistics Manager, and Adam Searle, Marketing Manager. A Web development team reports to James and a Logistics team reports to rian.
The organizational structure of S& F. Online might be described as of a functional model, in the sense that it has a specific corporate structure, a regimented division of labor, and hierarchical paths of communication -- comparable, one might say to many large corporations in the military precision of its standard operating procedures, albeit on a much…… [Read More]
The offering of financial incentives, in the form of salary increases, premiums and bonuses, is often the most popular means of employee motivation. Non-financial means, such as flexible working schedules or promotion opportunities, also constitute a powerful source of stimulated employees (Bruce, 2002).
The realization of the important role played by the staff members within the Smith & Falmouth Company would lead to several beneficial effects. At an individual level, the employees would feel better valued and they would as such increase their loyalty to the organization, their commitment to supporting the entity achieve its goals and their performances. At the group level, the teams would be more united and better prepared to deal with organizational chores. In terms of the entity, it will be better able to pursue its interests.
The ability to communicate effectively and efficiently is the pillar of any successful organizational outcome. Communication in…… [Read More]
Measuring IT Value
The progression of how enterprises measure information technologies' (IT) performance has been a progression from inward-centric metrics of performance to advanced analytics that capture contributions to strategic objectives. Chief Information Officers (CIOs) often measure their performance by cost reduction and system consolidation while Chief Executive Officers (CEOs) measure IT by the contribution to new business growth (Trkman, McCormack, de Oliveira, Ladeira, 2010). There are many strategic frameworks that enterprises use to map the contribution of IT, with the Porter value chain being the most prevalent (Porter, 1986). The intent of this analysis is to evaluate the most critical metrics that an enterprise can use to measure the effectiveness and efficiency of IT. These metrics also fuel the methods used to measure toe economic value of an IT department to a given enterprise as well. This aspect of measuring IT value will be defined in addition to evaluating…… [Read More]
Collaboration between HR and operational departments is essential to establish the right criteria for knowledge, skills, and abilities, previous performance, and other desirable objective traits in successful candidates.
Collaboration between HR and operational managers must include the final candidate selection process.
Managers are hiring according to apparent nationality and cultural biases.
The consequences of accusations or claims of discrimination could be damaging to the organization both financially and in terms of reputation.
All testing, interviewing, and selection processes must focus on objective criteria to avoid any possible accusations or claims of discrimination.
Recruitment and hiring practices and tools (i.e. forms, questionnaires, structured interview questions, and tests) must be designed by HR and operational management in conjunction with legal review and final approval.
Conflicts of interest must be avoided in connection with recruiting or hiring family members of the organization or of its subsidiaries.
Summary…… [Read More]
Leadership Self-Assessment Analysis
In the wake of the corporal scandals of Enron and the Arthur Anderson Company, there have been increased calls for strong ethical leadership. Leadership had always been regarded as a key factor in ensuring the effectiveness of any organization. However, new models are also being developed to challenge the limitations of the prevailing classical theories of leadership.
This paper argues for a tempered approach, one that combines effective leadership with good management. Both factors are important, since over-managed and under-led organizations tend to lose sight of their goals. By the same token, while charismatic leaders can lead their organizations to high levels of success, the lack of management skills means that such victories do not last in the long run.
The growing awareness of corporate and white-collar crime has likewise presented new challenges to the classical leadership model. Organization leaders should now be wary of lawsuits the…… [Read More]
The Chief Executive officer (CEO) of a firm is vitally important to the success of any corporation. CEOs typically have a great deal of experience and education in their particular industry. The purpose of this discussion is to examine a CEO of a Fortune 500 company. For the purposes of this discussion the leadership of Anthony J. Alexander, the President and CEO of FirstEnergy will be discussed.
Alexander was chosen because he has been persistent and dedicated to the company for many years. This dedication has allowed him to see the company at many different stages of development and growth. As such he is well equipped to lead the company.
There are many reasons why Anthony Alexander is a great leader. The first reason is his education and experience with the company. Alexander went to the University of Akron where he received a B.B. In Accounting and a Law…… [Read More]
Financial Analysis of Bestwish Limited
Bestwish Limited produces extensive range of quality products such as gift dressing, greetings cards, and plush merchandise of more than 50,000 stocks. The production of different categories of products involve between 2 and 15 processes. The company produces standardized products and custom designed products ordered from customers on contract basis. However, Bestwish Limited is facing challenges to control the costs because of varying production process, reliance on indirect costs and large number of stock keeping units.
Bestwish Limited has just closed the 2010 fiscal year account and the company is finalizing the 2011 budget. Bestwish intends to analyze the 2010 financial statement to present the accurate picture of the company financial performances.
Objective of this report is to analyze 2010 financial statements to assess the viability of Bestwish Limited.
Audit Committee of the Board
Subject: Financial statement Analysis
Date:…… [Read More]
Meg hitman is the current Chief Executive Officer (CEO) of Hewlett-Packard, the technology company that specializes in business and consumer electronic devices and services. She worked at a number of Fortune 500 companies and eventually found herself at the head of an Internet startup, eBay. Her leadership there allowed the company to grow rapidly and become one of the most important sites of the early Internet era. eBay remains important to this day, testament to what hitman and her team built. In 2012, she was brought into Hewlett-Packard. The company was in a bad operational and financial situation at the time and hitman was assigned to revitalize the tech giant (Anders, 2013). This paper will discuss hitman's leadership style, in particular drawing on her experiences at eBay and at HP.
hitman's Leadership Style
hitman is a consensus-builder who prefers to empower her teams. In particular, she focuses on nurturing innovation…… [Read More]
isks of Trading and Investing:
Involving a Developing Country with a Developed Country's Business
Description of XYZ Corporation
It will be the assumption within this paper that the multinational corporation depicted resides within the United States, a developed country, while it is trying to generate business with Ecuador, a developing country. A multinational corporation is a corporation that operates by supervising or transports products or services to more than one country. XYZ Corporation is a competitive multinational corporation deeply interested in expanding its business to countries in which they have not already established business in. The company currently focuses on the manufacturing and the wholesale of products in the oil and petroleum industries. Most of XYZ Corporation's foreign entities are located in the Middle East. ecently, a member of the XYZ team has given vital information to corporate executives explaining that Ecuador has enormous oil and petroleum potential that could…… [Read More]
Company's Compensation And Benefit Package
A number of factors determine how a company compensates its employees. These factors may include economics, psychology and even sociology. To an economist compensation is viewed as a labor market determinant (Filer, Hammermesh, & ees, 1996). As a human resource manager for Vanguard Industries I have been entrusted with the responsibility of explaining to the Chief Executive Officer (CEO) that guided my development of the company's compensation and benefit plan. I will specify economic factors I considered while coming up with the company's compensation and benefit packages, the manner in which they do so and the relative and absolute importance of each. Before coming up with a compensation and benefit scheme, it is imperative that matters pertaining employees' skill level, age, gender and minority and majority status are factored as they affect an individual's reward preferences and their view on what they contribute to an…… [Read More]
sector or industry you would like to specialize in the MBA program? What role do you hope to be able to play in this sector or industry in the medium term?
I am currently the Chief Executive Officer of a company devoted to developing residential housing projects. Our company was founded in 2010 and already has a focused turnover of 10 million Euros. The company acts as a vertically-integrated hub that creates and distributes construction materials. In my previous position I worked as a commercial administrator and assistant to the CEO of a real estate company focused on acquiring high portfolio properties in prime locations from public enterprises, banks and insurance companies.
Given my experience in international commerce I have come to see a wide range of problems which commonly afflict multinational organizations. Many of these issues pertain to intercultural communication. Despite the growing interconnectedness of the economy, old customs…… [Read More]
civilians think of the nursing department in any well-run hospital, they often don't consider all the structure, organization and guidance which is required to make this department run as smoothly as it needs to be and to achieve the highest level of patient-centered goals. One position at the top of the pyramid of the nursing department is the position of Chief Nursing Officer or CNO. The Chief Nursing Officer is the person who is responsible for overseeing the crux of the entire nursing operation, ensuring that the entire team runs like a well-oiled machine and that all members are responsible for pulling their weight, following policy and engaging in the most proactive and balanced measures for patient centered goals (Dickson, 2008). This is without a doubt an extremely demanding job and absolutely requires a person who truly enjoys working with patients and other nurses, and thrives on the challenge of…… [Read More]
Aligning IT with Business Objectives
Companies of all sizes and types are faced with the challenges that are involved in optimizing the use of their information technology (IT) resources by aligning these assets with their business objectives, but many companies are finding the process more challenging than was first believed. In some cases, the business objectives are too nebulous to develop appropriate IT support, while in other cases, top management may step in and change the organization's response in ways that preclude a firm alignment between IT assets and business objectives. Absent a careful and thoughtful alignment between IT assets and business objectives, companies run the risk of lost productivity, increased costs and diminished profitability. This study provides a review of the relevant peer-reviewed and scholarly literature concerning the need to align IT assets with business objectives, including a background and overview as well as steps that companies can take…… [Read More]
The directors of a corporation are, essentially, the representatives of the shareholders in the administration of the company. They are charged with the task of administering the corporation in such a way that preserves the assets of the shareholders, and that they receive a good return on their investments. As such, the Board of Directors is the "highest governing authority within the management structure at any publicly traded company" (Kennon, 2012).
Among the tasks that the directors perform that help them in their role are the following: to select the Chief Executive Officer and set the CEO pay; evaluate the attractiveness of and to authorize dividends; recommend stock splits and share repurchase programs; approve the company's financial statements and give advice on mergers and acquisitions (Kennon, 2012). The Board often works with the CEO on some of these issues, such as dividends and M&A activity, but the Board is…… [Read More]
A corporation is a form of business structure. The corporation is given the same basic rights and duties as an individual. This shields members from the corporation from some liability for the corporation's actions, but also prevents them from utilizing corporate assets in the same way that one would use personal assets. There are some differences between publicly held and privately held corporations; however the basic structure of a corporation remains the same regardless of how the corporation is held. There are three main groups in the corporate structure. The first group consists of the directors of the corporation. The second group consists of the officers of the corporation. The third group consists of the shareholders of the corporation. Individuals may belong simultaneously to more than one of these groups, but each group has different responsibilities.
The first group consists of the directors of the corporation. When forming…… [Read More]
International Business Machines Corporation in detail. The paper is divided into three distinct parts with the corporate history constituting the beginning of the paper followed by the structure of the corporation, its shareholders, officers and the board of directors. The last part before the conclusion unfolds the precious information pertaining to the financial status of International Business Machines Corporation. The orks Cited eight sources in MLA format.
Entrepreneurs set up business ventures and assign people as well as invest heavily in order to reap massive benefits by selling their products and ideas. here investment, sound financial stability, confidence, technical know-how and other factors play a significant role, it has been observed that working on and building trust is what it takes to establish a reputable name in the industry. Over the years since its inception, International Business Machines also referred to as IBM Corporation has successfully managed to…… [Read More]
Safeway will drastically expand its market by taking over Sobeys. It will grow to expand the entire Canadian geography as well as almost double the number of stores it owns. In addition to this Safeway will have one less competitor in the marketplace, and be larger which will make it easier to stand against the other competition in the marketplace. The decision for a company to acquire another company is a massive and critical decision. The company acquiring must be ready to undertake the challenges involved, as well as the target company needs to be a proper fit with the other company. All of these changes mean many years of possible turbulence for the company and its employees, but if done carefully and mindfully the company will come out of the situation with a large financial and market gain.
This assignment had great value and the learner was able to…… [Read More]
Daniel a. Carp as guest lecturer
From: Cathi Bea, Assistant
Based upon his credentials as chairman, president and chief executive officer at Eastman Kodak Company, I would recommend considering Daniel A. Carp as a candidate to lecture the MBA students at Daniel University. Indeed, the many accomplishments and leadership, and speaking skills displayed by Mr. Carp appear to make him a choice from which this University can profit.
SOLID BACKGROUD I Business
Daniel A. Carp shows great tenacity in his career, as well as exceptional skill in business and public speaking. Beginning his illustrious career as statistical analyst during 1970, he used his skill and learning to work up to increasingly responsible positions. Following several management positions within the company, Mr. Carp was elected as a member of the Board of Directors in December of 1997, after which he was promoted to president and chief executive officer. He served in…… [Read More]
Enhanced Financial Disclosures:
The 2002 Sarbanes-Oxley Act was enacted as law after several incidents of accounting failures that involved several functions established to safeguard the interests of public investors. In attempts to deal with these issues, the legislation created an absolute revision of the regulatory for professionals in public accounting and auditing though it contained several very controversial provisions (Verschoor, 2012). The revision of the regulatory framework by the act was also geared towards providing guidance for enhanced corporate governance. After its enactment, SOX became the most comprehensive and influential law impacting public corporations and their independent auditors since early 1930s. The legislation mainly focuses on two major segments of investor protection including the responsibility and accountability of Chief Executive Officers and Chief Financial Officers for all financial disclosures and associated controls. The second area is promoting enhanced professionalism and involvement of corporate audit committees.
This act has primarily been…… [Read More]
We were continuously advancing on the market with our very affordable price, giving customers greater marginal contribution or profit.
When the fruitful effort resulted to increase market share and improve operational procedure, the Company was able to slowly recover lost resources and market share was gradually growing. This gave chance for the Company to return back to its employees the hard work earned. The first bonus was given after three years of hard work and loyalty. Also, a scheme of add-on commission was given to Sales Personnel who meet or exceeds target volume sales.
Coupled with hard work and faith to success, the market share of Cosmo Soda continually increased during the next years. On the third year, the Company was able to put up one provincial plant for better distributions. The next years, an additional two were also constructed.
In addition to the geographical growth, the Company had decided…… [Read More]
interview that they conducted with Labor Relations Ms. Sheila Brown, a Labor Relations Specialist who works with the U.S. government in Columbia, SC. The interview paper involved an interview where she answered questions and answers about her job so that the author could get a better understanding of her type of work. In addition to the interview, the project essay will begin with a literature review that will relate labor relations theory application that links to the actual job processes and/or functions. Then, we will relate the results of Ms. Brown's interview to gain real world insights into her profession and how it functions in the U.S. government. The literature review will give us an idea of how the discipline is different in the private sector.
Ms. Brown is officially known as a Labor Relations Officer/Manager (LROs) or Chief Human Relations Officer (CHRO). These terms can and are…… [Read More]
iordan Compliance Plan
Compliance Plan for iordan Corporation
Compliance Plan for iordan Manufacturing
iordan Manufacturing is a plastic design and manufacturing enterprise that is based at San Jose, CA. It is classified amongst Fortune 100 enterprises with its $1 billion worth of capital base. The company has been on expansionary mission, which has led to other branches being opened at Albany, Pontiac, and Hangzhou in China. In addition, the amount of transactions carried out through e-commerce has almost doubled in a span of less than two years. As such, the management discovered the necessity to initiate an enterprise risk management (EM) program as part of the strategy to take care of the uncertainties; also assured stakeholders of the value in their investments. Consequently, the company's management reached a consensus to implement EM basing on the internationally acclimated guidelines offered by a Committee of Sponsoring Organization of the Treadway Commission (COSO).…… [Read More]
justification report provides recommendations to Martha Stewart Living Omnimedia, which is a media empire that provides insights into a company's relations with its stakeholders, especially customer and shareholders. The firm is a diversified media and merchandising company that was founded in 1997 by Martha Stewart. Martha Stewart Living Omnimedia is classified into four business segments i.e. Internet, Merchandising, Publishing, and Broadcasting media platforms product lines. As a result, the firm's business holdings incorporate various print publications, e-commerce websites, and radio and television programming. The founder of the company served as its chairperson, president and Chief Executive Officer until the ImClone Insider Trading saga occurred, which resulted in her forceful resignation. The resignation was fueled by the fact that the Securities and Exchange Commission agreed to prohibit Stewart from serving in any capacity that would revolve around preparing, auditing, and disclosing fiscal results and information of a publicly traded company.
In…… [Read More]
It is highly unlikely that they would become involved with illegal activities knowingly. However, the complicated nature of compliance risk and the high expectations within the banking industry make it possible that some legal manner might be overlooked.
Chief Compliance Officers are at particular risk due to the nature of their position and should be increasingly diligent to maintain a proper understanding of the expectations of compliance. Additionally, Chief Compliance Officers and the operations department should be aware of the current weaknesses within their own AML programs.
In an effort to minimize these risks, HSBC Bank USA has recognized the need for more purposeful measurement and management of compliance risk.
Legal and operational risk can quickly and efficiently hamper the activities of any bank. However, it is reputational risk that poses the greatest risk to HSBC Bank USA. Banks that are associated with money laundering, terrorism, and criminal activity in…… [Read More]
Ethics training for employees programs have to be carefully planned taking into consideration and setting standards for ethical behavior in the company and what the training is supposed to accomplish. Companies have to make ethical training mandatory for all employees setting a good example that no one is above the law. The ethics training should help the employees become familiar with the company's code of ethics, know more about decision making using ethical models. "Good ethical training provides training covering five basic aspects of ethical training, responsibility, respect, fairness, honesty and compassion. Compliance laws and other topics such as using internet, computers only for company related work and not misusing these resources, about work place romance etc. are an integral part of the training program" (Gordon, 2012).
The training has to supply information regarding reporting ethics violation to specific personnel and assure them that offenders will be punished harshly. This…… [Read More]
Wal-Mart Company Information
Wal-Mart Stores, Inc. is one of the largest retailers in the world today. In addition to having more than 3,600 facilities in the United States, Wal-Mart has extended its chain to over 1,540 facilities in other countries as well. Other countries that house these facilities are Mexico, Puerto ico, Canada, Argentina, Brazil, China, Korea, Germany, and the United Kingdom ("Wal-Mart facts," 2005).
Wal-Mart has four retail divisions, in the retail industry, which are Wal-Mart Super centers, Discount Stores, Neighborhood Markets and Sam's Club Warehouses. Wal-Mart offers a wide variety of merchandise that tends to appeal to a wide variety of people, such as clothing for men, women, and children, grocery, sporting goods, electronics, toys, beauty aids, etc. Wal-Mart also has specialty divisions within its stores, which often appeal to many, such as Tire and Lube Express, Wal-Mart Optical, Wal-Mart Pharmacy, Wal-Mart vacations, and Wal-Mart Used Fixture Auctions.…… [Read More]
military imparts in an individual many important qualities that they carry out into the real world. These qualities are leadership, versatility, character, among others. The military is an excellent place to learn, to grow, and to better one's self. Many people have had long and successful careers that they earned only through being in the military. It teaches a person the importance of hard work, communication, and bravery.
The military allows for transition into a multitude of careers, especially career in the government. And in sectors where leadership skills are rare and sought after, the military prepares one to establish a secure foothold in these areas. Non-for-profits, volunteer organizations, and businesses all require strong and fearless leaders with clear direction and focus. The military offers exactly what a person needs early on to achieve anything they set out for. Six sections will be examined to show just how military lessons…… [Read More]
Apple Inc. Investment Analysis and Recommendations
Apple Inc. is an American multinational company specializing in designing and producing mobile telecommunication devices that include iPhone, computer software and hardware, Apple TV, Apple Watch, iPod, and other electronic devices. Apple was incorporated and publicly registered in 1977. Headquartered in California, Apple is one of the most successful American companies in term of revenue with the annual revenue reaching $233.7 billion at the end of 2015 fiscal year. On February 2016, Apple recorded $521.3 billion worth of market capitalization. While Apple designs the bulk of their products in the United States, the company's manufacturing plants are located in China. Apple also operates in Europe, Japan, Canada, and Latin America. (Apple Inc. 2015).
Board of Directors
Apple Inc. Board of Directors is overseeing by the company CEO (Chief Executive Officer) and other competent senior management. The Board oversees the day-to-day operations of the company…… [Read More]
Most recently he held the position of Vice President of Marketing and Product Management at Whopper Systems, a developer of PACS medical imaging and information management software. John defined the product portfolio and roadmap, managed strategic partnerships and was instrumental in the company's growth and eventual acquisition by Eastman Kodak Health Imaging. John holds a B.Sc in General Science (Physics) from Tel-Aviv University and is currently in his second year of studies at the McMaster Graduate School of Business.
Chief Medical Officer - Michelle Pfeiffer, M.D.
Michelle is a 5th year resident in Plastic and Reconstructive Surgery at the McMaster University Medical Center. Michelle co-founded and is Vice President of Societal Resources, a company with diverse health care interests ranging from import/export of medical instruments to diabetes education in the United States and serving as a liaison between Medical Bandages and the Bosnian Ministry of Health. Michelle also helped design…… [Read More]
Based on the benefits of the assessment center that have been discussed in the proposal, the proposal recommends that our organization should implement assessment center for hiring of senior level executive. In the contemporary business environment, senior level executives are the backbone of any organizations. Senior executive are the people making decision that middle and lower level employee will execute, and organizations that are able to maker right and effective decision will enjoy higher profitability in a business environment. The proposal has evaluated the assessment center, and it is revealed that assessment center is very effective for the selection of right candidate for senior level position. Thus, our organization should implement assessment center based on the benefits that our organization will derive from the exercise. By implementing the assessment centre, our organization will be able to boost its revenue and profitability in the next fiscal year.
Additionally, our organization will…… [Read More]
Senior Helpers began franchising in 2005. Senior Helpers is an in-home care service that is designed to give clients as much or as little help as they require so that they may enjoy living independently at home. Senior Helpers offers flexible and non-contractual services.
The Company provides the following services: assisting clients with everything from companionship to bathing to Alzheimer's and dementia care. Senior Helpers services include an in-home assessment to assist in the determination of the type and level of care needed. Our services are available anytime, including days, nights, weekends, and holidays for either long or short-term duration. Our future plans include developing a new Senior Helpers Facility at 7632 Hull Street Road, Chesterfield, Virginia 23832 by the end of 2012.
The greatest risks associated with our business today are competition and employee turnover. e feel we can overcome these risks because of our franchise support. Our biggest…… [Read More]
Corporate governance, IT Governance and Information Security Governance
IS 8310 Governance, isk Management and Compliance
Governance is the process of empowering leaders to implement rules that are enforceable and amendable. For comprehensive understanding of the term' governance' it is essential to identify the leaders and the set of rules, and various positions that leaders govern. Corporate governance, IT Governance and Information Security Governance embraces a linkage with certain acquiescence system while focusing on information security and privacy issues in the organization. This work will give a distinction between the three terms and identify how they related to each other and how endeavors to comply with each system is leveraged to apply to each other.
Governance is the process of empowering leaders to implement rules that are enforceable and amendable. Therefore, for comprehensive understanding of the term' governance' it is critical to categorize the leaders and the set of rules,…… [Read More]
Fortress Finance was incorporated in March 2012 and since then, it has been involved in the business of offering short-term loans to salaried middle-class clients in the state of New York where it maintains active presence.
The company targets the New York's salaried middle-class. The Council of the City of New York, in its 2013 Report on the State of the City's Middle Class, defines the middle class as "households with incomes between 100% and 300% of median income." As of 2013, the state's middle-class working age adults totaled almost 2 million.
According to the Council of the City of New York, the middle-class was worst hit by the 2008-2009 recession. It should also be noted that in the council's own admission, New York is "one of the most expensive places to live in the country." To make matter worse, housing costs have been…… [Read More]