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In terms of education, the author addresses the way in which the education system functions at the basic level to achieve outcomes that are far below the economic needs growth of the state. School children receive a substandard education, for example, which results in poor job prospects and low university admission numbers. At the same time, those students that do graduate with University degrees, do not have work opportunities that offer compensation worthy of their qualifications. This situation is ascribed to a failure of education policies to encourage educators to provide students with the best opportunities to learn well. Moreover, the problem lies in the failure of policymakers to understand the underlying effects of policy changes, which are neither thoroughly discussed nor investigated.
The same is true, according to La Croix of Hawai'i's legal and regulatory framework, which, in many cases, is outdated and not reflective of the current economic…
Howes, C. And Osorio, J. (2010). The Value of Hawaii: knowing the past, shaping the future. University of Hawaii Press.
Value Added Analysis
In the Zapalot case, there are some processes that could stand to be improved. Value-added analysis reflects the desire to improve processes. In this case, there are several steps, several people, multiple divisions and far too much time involved. The result is that there is likely to be a significant lag between when the goods are ordered and when the unit ordering the goods receives them. There is also likely to be a substantial buildup of inventory. Thus, the objective of changes should be to reduce the amount of time between ordering and having the goods available for use; to reduce total inventory; and to reduce the risk of errors.
The first thing that stands out about this process is the lack of automation. For a company proud of "it's" (sic) innovative image, the company operates like it was the 1970s. This needs to change. Automation will…
Looking at the LA Times Value Added rating, Aldama Elementary is ranked in the lower end of the Average spectrum. This tells me that most of the teachers simply produce students who perform at the anticipated levels. Based on this report, I would select either Sehee Kang or Stephanie Vaz. Both of these teachers scored as the most effective teachers in the school, in four of the last five years. The policy implications for this kind of information means there will be a greater level of accountability for not only producing acceptable test scores, but also helping children excel beyond what's anticipated. For parents, this gives even more information they can use to select the best school for their children. For schools, this could result in a hyper-focusing on test scores, with classes taught with increased test scores as a primary goal, as opposed to simply providing a well-rounded education…
2009 STAR test results. (14 Jan 2010). Retrieved 16 Nov 2010, from http://star.cde.ca.gov/star2009/SearchPanel.asp .
2010 STAR test results. (2010). Retrieved 16 Nov 2010, from http://star.cde.ca.gov/star2010/Index.asp .
Aldama Elementary. (2010). Retrieved 16 Nov 2010, from http://projects.latimes.com/value-added/school/los-angeles/aldama-elementary/ .
FAQ & about. (2010). Retrieved 16 Nov 2010, from http://projects.latimes.com/value-added/faq/#what_is_value_added .
The above extension or explanation of the responsibility of a managerial accounatant mainly highlights the fact that a managerial accountant has responsibilities not only to the finance department of an organization but also the entire team that is working within the organization. Hence, along with the classification, calculation, assessment, understanding, and transferring all the relevant financial data, the managerial accountant is also responsible for helping the business team:
Customer satisfaction reports and assessments,
The balanced scorecard procedures for the overall sales,
In understanding the finances for the creation of a new good or service,
The factors that channel or guide the business activities metrics, and esearch on superior functionality strategies (Johnson & Kaplan, 1987).
It is important to note here that the managerial accounting is different from the basic financial accounting because the latter only helps keeps a record of all financial expenditure or balance while the former helps the…
Friedl, Gunther; Hans-Ulrich Kupper and Burkhard Pedell (2005). "Relevance Added: Combining ABC with German Cost Accounting." Strategic Finance (June): 56-61.
Garrison, R.H., P.E. Noreen, 'Managerial Accounting', Irwin McGraw Hill, 1999
Horngren, C.T. And G. Foster, 'Cost Accounting, a Managerial Emphasis', Prentice-Hall, Inc. 1987
Johnson, H.T. And R.S. Kaplan, 'Relevance Lost: The Rise and Fall of Management Accounting', Harvard Business School Press, 1987.
This report further relates that an agreement has been reached among companies who participate in the Sustainable Forest Initiative program in accomplishing the following: (1) Develop specific plans and policies to achieve forest sustainability; (2) Ensure prompt reforestation; (3) Protect water quality; (4) Enhance wildlife habitat; (5) Minimize visual impact of harvesting; (6) Protect special sites; (7) Contribute to biodiversity; (8) Improve wood utilization; (9) Continue prudent use of forest chemicals to ensure forest health; (10) Foster the practice of sustainable forestry on all forestland - industrial, private, and public lands; (11) Publicly report progress; and (12) Provide opportunities for public outreach and education. (Jastrzembski, nd)
SUMMARY and CONCLUSION
Sustainability is a concept of conservation in which those involved take special care in their use of the forest and the forest products through the methods reviewed in this work. While preservation of forest lands might have been most desirable historically,…
Jastrezembski, Patrice (nd) Maryland Forests: Conservation vs. Preservation. Online available at http://mdforests.org/ee18.htm
Jastrezembski, Patrice (nd) Maryland Forests: Sustainability. Online available at http://mdforests.org/ee30.htm
Sustainability" by Patrice Jastrzembski
The value of a Certificate of Deposit (CD or GIC) with a fixed term will be determined assuming it is reinvested at its maturity."
3. Financial implications of TVM
ased on approximate calculi of future values of the money, the population will regulate their investments in order to achieve significant profits. Their actions will have numerous influences upon various work domains and industries suck as banking, insurance industry, governmental actions or retirement plans.
The activities of commercial banks are directly influenced by the value of money in the sense of increase or decrease of the realized transactions with the customers, both private individuals as well as corporate bodies.
When the foreseen future value of the money is expected to increase, so will the deposits made by clients to the banks. ank customers will deposit more money into their saving accounts in the hope that they will register higher profits due…
Wikipedia, The Free Online Encyclopedia, Time Value of Money, December 3, 2006 http://en.wikipedia.org/wiki/Time_value_of_money,last accessed on December 9, 2006
Gallager, T; Andrew, Jr. J., Financial Management: Principals and Practices, Upper Saddle River, NJ: Prentice Hall, 1996
http://www.getobjects.com/Components/Finance/TVM/concepts.html , last accessed on December 9, 2006
Kieso, D; Weygandt, Jerry, Intermediate Accounting, 9th Ed., New York, NY:John Wiley & Sons, Inc., 1993,
Value-ased Management (VM) is a management philosophy that aims to achieve superior results (Niedell, 1996). This process measures performance by the value that is returned to shareholders. Successful implementation of VM requires a successful change in corporate culture, as well as the adoption of VM concepts at all levels and functions within an organization. VM includes an integration of performance measurement, compensation, strategic planning, training, and communication (Porter, 1986). The process translates a value creation mindset into an action plan.
The key elements of Value-ased Management are as follows (Niedell, 1996):
Prioritization of investment funds, which promotes improved correspondence between allocation of resources and strategy;
Tightening of capital expenditure discipline, focusing on supporting strategic potential within business units;
Introduction of value-based management tools. This is helpful in measuring results in terms of profitability and capital input throughout the company, and understanding how value is actually created; and Introduction of performance…
Copeland, Thomas. (1994). Valuation: Measuring and Managing the Value of Companies. Wiley and Sons.
Keen, Peter. (October, 2000). Economic Value Added. Report on Business.
Neidell, David. (1996). Value-Based Management. Foresight Business Journal.
Porter, Michael. (1986). Competitive Advantage. Free Press.
Furthermore, the Costco model demands an ever-changing assortment of goods. Packaging is critical, in that it must be designed to drive the average ticket consistently higher. Costco and other club stores rely heavily on packaging strategy to squeeze out growth.
Costco also pulls value from their logistics. The company operates what they term depots, which are state of the art distribution facilities, which the company feels gives them a competitive advantage.
Costco has also focused on marketing and customer service as a way to derive value. One such program is a new extended warranty policy on electronic goods, the largest non-food segment of Costco's sales. Combined with a concierge service, this warranty has lowered the costs associated with product returns.
Related to both marketing and procurement, Costco has made use of strategic alliances to improve their bottom line. For example, in 2007 they developed a business supplies program to forge…
No author. (2007). The Value Chain. NetMBA.com. Retrieved October 27, 2008 at http://www.netmba.com/strategy/value-chain/
Bradley, Stephen P. & Ghemawat, Pankaj. (2002). Wal*Mart Stores, Inc. Harvard Business School Case 9-724-024
2007) Target Fact Card. Target Corp. Retrieved October 27, 2008 at http://sites.target.com/images/corporate/about/pdfs/corp_factcard_101107.pdf
2008) Target Corporation Annual Report 2007. Target Corporation. Retrieved October 27, 2008 at http://media.corporate-ir.net/media_files/irol/65/65828/reports/Target07AR_FINAL_OnlineVersion.pdf
Involvements and human resources tasks have got to be planned and implemented to constantly develop worker-duty evaluations. The prototype offered is several of the studies mentioned above exemplifies how precise altered involvements, which relate to the doctrine of value compass of TQM, can accomplish worker authorization, and how this authority guides to enhanced consumer contentment (Lawrence and Tina, 1995).
Benson, P., J. Saraph, and . Schroeder. 1991. "The Effects of Organizational Context on Quality Management: An Empirical Investigation." Management Science 37(9): 1107-1124. In Lawrence D.F and Tina L.. 1995. Modeling the ole of Total Quality Management in the Customer Focused Organization. Journal of Managerial Issues. 7. 4.
Byrne, J.A. 1992. "Paradigms for Postmodern Managers." Business Week (einventing America): 62-63. In Lawrence D.F and Tina L.. 1995. Modeling the ole of Total Quality Management in the Customer Focused Organization. Journal of Managerial Issues. 7. 4.
Cole, .E. 1989. "Learning from…
Ramberg, J.S. 1994. "Thought Revolution or Trojan Horse?" OR/MS Today 21(4): 18-24. In Lawrence D.F and Tina L.R. 1995. Modeling the Role of Total Quality Management in the Customer Focused Organization. Journal of Managerial Issues. 7. 4.
Tenner, A.R., and I.J. DeToro. 1992. Total Quality Management. Reading, Massachusetts: Addison-Wesley Publishing. In Lawrence D.F and Tina L.R. 1995. Modeling the Role of Total Quality Management in the Customer Focused Organization. Journal of Managerial Issues. 7. 4.
Value Congruence Between Baby Boomers And Millennials
Definitions and Explanations in esearch
There is some minor disagreement over the definitions of Baby Boomer and Millennial generations in the academic research. For instance, Murphy, Gibson & Greenwood (2010) in their research define Baby Boomers as those born between the years 1946 and 1964 and Millennials as those 76 million people born between 1980 to the present, while awlins, Indvik and Johnson (2008) define Millennials as those 81 million people born from 1982 to the present. In addition, Andert (2011) defines Millennials as those people born during 1980 and 2000.
Apart from this disagreement, the academic research describes the two generations in similar terms. The various researchers use different terms to describe similar characteristics. For instance, Loroz (2006) explains the behavior of Millennials as motivated by materialism while Murphy, Gibson & Greenwood (2010) explain their behavior as motivated by the…
Andert, D. (2011). Alternating leadership as a proactive organizational intervention: Addressing the needs of the Baby Boomers, Generation Xers and Millennials. Journal of leadership, accounting & ethics, 8(4), 67-83. Retrieved from EBSCO Business Source Complete
Egri, C.P., & Ralston, D.A. (2004). Generation cohorts and personal values: A comparison of China and the United States. Organization Science, 15(2), 210-220. doi: 10.1287/orsc.1030.0048.
Hershatter, A., & Epstein, M. (2010). Millennials and the world of work: An organization and management perspective. Journal of business & psychology, 25(2), 211-223. doi: 10.1007/s10869-010-9160-y.
Loroz, P.S. (2006). The generation gap: A Baby Boomer vs. Gen Y comparison of religiosity, consumer values, and advertising appeal effectiveness. Advances in consumer research, 33(1), 308-309. Retrieved from EBSCO Search Primer
Porter (1985) introduced the concept of "physical" value chain.
According to Porter (1985), by understanding and analyzing physical value chain, a business can uncover strategically relevant activities -- purchase of raw material, design, manufacture, market, and support of the products or services it sells -- for adding value to the customers.
A physical value chain consists of five core activities: inbound logistic, operations, outbound logistics, marketing & sales, and services, and four support activities: firm infrastructure, human resources management, technology development, and procurement.
The extent to which a company is able to reduce or eliminate redundant activities and hand-offs in carrying out different tasks in the physical value chain processes determines its capability in responding to customers' specific demands and expectations in quick time. By improving its internal business activities, a company can not only meet customers' demands in products and services quickly but also offers additional values…
Kotler, Philip (1972). A Generic Concept of Marketing. Journal of Marketing 36 (April), pp. 46-54.
Kotler, Philip and Armstrong, Gary (1996). Principles of marketing. Englewood Cliffs, N.J.: Prentice Hall
Porter, M.E.. (1985). Competitive Advantage. New York: Free Press.
Teece, D. (1986). Profiting from Technological Innovation. Research Policy, 15: 285-305.
This leaves 91% who do not believe that their human capital practices effectively connect with organizational performance..." (Hall, 2008)
III. SUMMARY & CONCLUSION
It is certain that the valuation of human capital in the majority of organizations has fallen short. Management strategies are all too often focused on accounting strategies instead of the proper investment and facilitation of employing that which is highest value in their strategies and that being the proper management, training, and long-term investment into the organization's human capital. Human capital is quite clearly noted in this brief review as the company's 'potential' for profit and incidentally one that has received very little in the way of thought, consideration or strategic focus traditionally and historically in today's organizations. While some fields and professions such as the medical and specifically the nursing profession has already come face-to-face with in terms of its failings to strategically invest in its…
Hall, Bradley W. (2008) the New Human Capital Strategy: Improving the Value of Your Most Important Investment. AMACOM Div American Mgmt Assn 2008. Online Google Books. Available at http://books.google.com/books?id=88fHsS8iUVMC&dq=value+of+human+capital&source=gbs_summary_s&cad=0
Bhutoria, Navin (nd) Valuation of Human Capital. JBIMS HR Folks International. Online available at http://www.hrfolks.com/articles/intellectual%20capital/valuation%20of%20human%20capital.pdf
The author discusses these drivers based on their sources as some are external to the hospital, others from private organizations and governmental agencies, and others from internal sources like quality management, governance, and leadership functions. In this chapter, the author provides an in-depth analysis of internal and external drivers of quality improvements, the link between quality care and financial incentives, and the role of quality management in enhancing patient safety.
The external drivers of quality improvements work to change healthcare because many health care officers fail to recognize that patient safety and quality outcomes are forces that affect the budget of a health care organization (Dlugacz, 2010). The external drivers have become vital forces in value-based purchasing because of their ability to link quality to finance. In contrast internal forces that influence quality improvements occur because of the lack or absence of oversight within hospitals. These forces are largely attributed…
Dlugacz, Y.D. (2010). Drivers of change. In Value-based health care -- Linking finance and quality (chap. 1). San Francisco, CA: John Wiley & Sons, Inc.
"Roadmap for Implementing Value Driven Healthcare in the Traditional Medicare Fee-for-
Service Program." (n.d.). CMS. Retrieved from Centers for Medicare & Medicaid Services website: https://www.cms.gov/QualityInitiativesGenInfo/downloads/VBPRoadmap_OEA_1-16_508.pdf
Value Management (VM) "uses a unique combination of concepts and methods to create sustainable value for both organisations and their stakeholders" (IVM, 2014). A number of these techniques were instrumental in the success of the Open University library project. An early success was found with an excursion, specifically the river cruise on the Thames. While initially there was a lot of mistrust among the different stakeholders, who each had their own objectives, the river cruise proved to be effective in bringing the team members together. Such excursions are often important to give people a chance to socialize on to discuss their common interests in the project. Ultimately, the cruise was the turning point that set the project back on the right path.
Another technique that was instrumental was issue generation and analysis. This technique allows the different stakeholders to get their issues onto the table. Each stakeholder therefore has a…
IVM (2014). Value management techniques. The Institute of Value Management. Retrieved March 29, 2014 from http://ivm.org.uk/techniques
Valencia, J., Jimenez, D. & Valle, R. (2011). Innovation or imitation? The role of organizational culture. Management Decision. Vol. 49 (1) 56-72.
Secondly, there is the operational manager of the C++ department who best knows the required skills for the new developers and the features of the job.
All in all, the two managers are both required for the hiring process, but neither one can solely complete the hiring process. In this case, a team is the best solution. A team formed of C++ and human resource specialists could best resolve the problem. Part of the team members would focus on recruiting, interviewing and selecting the candidates, whereas the other team members would focus on presenting the required skills and hiring those candidates that best meet the company's demands.
The process of team learning is extremely valuable for the organization and its employees for several reasons. First of all, it offers employees a chance to work in a stimulating environment that promotes equality and fairness towards all workers. Secondly, the employees are…
Peter Senge, March 21, 2006, the Fifth Discipline: The Art and Practice of the Learning Organization, Currency Publisher
Dick McCann, Team Learning, Team Management Systems Online, http://www.tms.com.au/tms12-2c.html , last accessed on October 3, 2007
Amy Edmondson, Psychological Safety and Learning Behavior in Work Teams, Harvard University, Retrieved from JSTOR
http://www.jstor.org/view/00018392/di015542/01p0027l/0?currentResult=00018392%2bdi015542%2b01p0027l%2b0%2cFFFF7FFE07&searchUrl=http%3A%2F%2Fwww.jstor.org%2Fsearch%2FBasicResults%3Fhp%3D25%26si%3D1%26gw%3Djtx%26jtxsi%3D1%26jcpsi%3D1%26artsi%3D1%26Query%3Dteam%2Blearning%26wc%3Don,on October 3, 2007
Value Digital Privacy Information Technology
The Value Digital Privacy in an Information Technology Age
National security concerns in society and the continual investing in Internet, telephone, text and e-mail monitoring systems by enterprises are reshaping the individual citizen's rights to privacy. For U.S. citizens and employees, this is particularly challenging to accept and is often outright rejected as this nations' culture has been predicated on individual liberties and an assurance of privacy.
The technologies that are being used for national security and surveillance, combined with those used by corporations together have the ability to capture, aggregate, create analytical models and predict behavior over time (Ottensmeyer, Heroux, 1991). Monitoring and the analysis of data from the many technologies used from surveillance can today be used for behavioral modeling and gaining insights into peoples' and organizational behavior to a level never before possible or with as much precision (iedy, Wen, 2010). As…
Findlay, P., & McKinlay, A. (2003). Surveillance, electronic communications technologies and regulation. Industrial Relations Journal, 34(4), 305-318.
Freeh, L.J. (1999). Encryption and electronic surveillance. Vital Speeches of the Day, 65(24), 738-742.
Gibbons, R. (2002). Privacy laws and global insurance markets. Journal of Insurance Regulation, 20(4), 71-79.
Jeng-Chung, V., & Ross, W.H. (2005). The managerial decision to implement electronic surveillance at work: A research framework. International Journal of Organizational Analysis, 13(3), 244-268.
These are product-oriented methods of measuring the value of an education. Measuring the value of the 'process' by how many students get to take small classes, participate in a meaningful way in extracurriculars, and the student to faculty ratio may be the method of measuring quality used by a student less concerned with dollars and cents and future earning potential.
The degree to which future undergraduates prioritize the academic, vocational, and personal or social aspects of going to college will create a unique value tree for every student. While most students want some sort of a good social experience, their academic interests might dominate, while others will be more drawn to school with vibrant sports teams and a strong Greek system. The two are not mutually exclusive -- good schools can have strong, spirited social environments, like Duke University. But if the student's hierarchy of needs is not satisfied, the…
These people from India did not only add to the diversity of the organization, they also gave a new dimension to our thinking.
For years, we had been used to working the same way. We never really thought that there could be other less costly and relatively economic ways of doing some of the common tasks. What we admired about these new employees was that they did not even brag about their "skills." It all came very naturally to them because of their lives in India. They were used to a life where wasting money is not an option, where buying expensive things in lieu of less expensive choices is not considered a wise choice and where saving money is important to survival.
We learned some valuable lessons from our new employees. We did not only learn to save money, we also learned how people live in other countries, how…
Griffin, R. Moorhead, G. (2009) Organizational Behavior: Managing People and Organizations South-Western College Pub; Edition 9th
Hunt, J. (2007) Organizational behavior. Wiley, John & Sons. November
Further, it was clear to our management team that the Japanese manager must come to the U.S. On the next visit to alleviate their concerns of her competency. In addition, the Japanese managers would be able to learn how the processes and systems worked in the U.S., and also learn more about how the translation process worked. In short, it was decided to alternative ninety day meetings between Southern California and Tokyo. It was hoped that is would create a higher level of cultural intelligence in the process (Crowne, 2008) and appreciation for her role in our team. In addition, the critical review they had given the website and its content in Tokyo could be offset in the U.S. By providing additional examples on computer servers, in addition to having more of the staff attend. The approach to building greater levels of cultural intelligence also included introductions to the it…
Monica P. Adya (2008). Women at work: Differences in it career experiences and perceptions between South Asian and American women. Human Resource Management, 47(3), 601. Retrieved September 17, 2008, from ABI/INFORM Global database. (Document ID: 1551913631)
Kerri Anne Crowne (2008). What leads to cultural intelligence? Business Horizons, 51(5), 391. Retrieved September 17, 2008, from ABI/INFORM Global database. (Document ID: 1538583981).
Stanley F. Slater, Robert a Weigand, Thomas J. Zwirlein. (2008). The business case for commitment to diversity. Business Horizons, 51(3), 201. Retrieved September 17, 2008, from ABI/INFORM Global database. (Document ID: 1466169291).
Values and Morals in the Accounting Industry
The important questions to be addressed are taken from the "…business ethics/corporate social responsibility literature, oriented towards business enterprises but also of relevance to professional bodies: whether being ethical 'pays' in financial terms; and whether formal codes are useful in promoting ethical behavior…" (Cowton, 2009, p. 177).
Accountants are charged with carrying out ethical and moral decisions in their everyday work, but judging from some of the scandals in recent years (Enron, orldCom, the Anderson Accountancy, etc.) not all accountants are up to speed with those ethical and moral decisions. This paper reviews the judgments that accountants should be making based on morality and ethical values, whether the accountant is working for a multinational corporation or for a small business with only half a dozen employees.
Accounting Students and Moral Decision-Making
Deborah Leitsch writes in the Journal of Business Ethics that auditors are…
Brown-Liburd, Helen L., and Porco, Barbara M. (2011). It's What's Outside that Counts:
Do Extracurricular Experiences Affect the Cognitive Moral Development of Undergraduate Accounting Students? Issues in Accounting Education, 26(2), 439-454.
Cooper, Barry J., Leung, Philomena, Dellaportas, Steven, Jackling, Beverley, and Wong,
Grace. (2008). Ethics Education for Accounting Students -- a Toolkit Approach.
Values and Virtues
All of us have been sent to this world for a purpose; the invariable purpose of life on earth is doing good to each other. What defines the behavior of a person is his character and what shape the character of a person are his values and virtues. The perception of many people is that virtues and values are more or less the same things; however, in this paper we shall see how the two differ and see what the character of a person is in fact. Moreover, we shall also consider an ethical dilemma in clinical practice and see how the values and virtues are used to solve that dilemma.
There are basically six pillars that form the character of the person. These six pillars are the set of ethical values that a person must in order for him to become a man of good…
Ethics, Virtues, and Values: Knowing What Matters Most. U.S. Department of State.
Gray, Tim. (2000). "Real Men Choose Virtues." Lay Witness Magazine.
Teen Aid Inc. "Values vs. Virtues."
The Ethics Scoreboard. (2007). "Values, Virtues and Duties: The Foundation of Ethics."
Universities provide an amazing opportunity for both growth and development in regards to academic development. Universities in particular provide a means of providing a stable and more robust income for individuals seeking a particular specialization. The University of Phoenix, in particular, has a unique method of teaching and providing a quality educational experience. Small class sizes, online specialization, and knowledgeable professors all make the university experience all the more manageable. However, I personally have experienced conflict of values that undermine the overall university experience. This conflict pertains mainly to the notion of academic honesty. I have encountered instances where many of the university values would be compromised by actions. Cheating is particularly important in a university setting. As such, having strong values and convictions regarding cheating is important within the overall university setting (Stuart, 2006).
The experience, looking back, was not unique to me. In fact, many students…
1) Stuart P. Green. (2006). Lying, Cheating, and Stealing: A Moral Theory of White Collar Crime. Oxford University Press.
The courts retooled by a generation of conservative judicial appointments and crazed case law now function as social abettors, in which the poor and the dark skinned are shunted off to a concrete hell with industrial efficiency. Left behind are broken families, more addiction, more disease, more illiteracy, and thus a more docile society" (Parenti, 2001).
There are different changes being made in the system to reflect new and evolving values. For example, recommendations have been made that all police interrogations be video taped, so that juries have access to the process of confession and not just a typed end-product. This way police can ensure the values of integrity in the confession process. The increasing use of DNA testing, where possible, is also a way of helping to ensure that only the guilty are punished and justice is upheld.
The main purpose of police department is to provide services to…
Parenti, C. (July 2001). The "New" Criminal Justice System: State Repression from 1968 to 2001. Monthly Review. 539(3): 19.
Platt, a. (2001). Social Insecurity: The Transformation of American Criminal Justice, 1965 -- 2000. Social Justice. 28(1): 138.
Wright, K. (1999). Leadership Is the Key to Ethical Practice in Criminal Justice Agencies. Criminal Justice Ethics. 18(2): 2.
Townsend, P. (September 2005). Detention Redemption: In One California County, Progressive Leaders and Law-Enforcement Officials Are Transforming a Troubled Juvenile-Justice System. The American Prospect. 16(9): 20+.
Therefore, our company's mission is to ensure that our customers receive the highest quality products, with similar services, while ensuring that our employees are satisfied and motivated on personal and financial levels. Our company is also determined to significantly engage in the life of the community of which we are part of.
Corporate Social esponsibility
In today's competitive market environment it does not suffice to provide high quality products and services. A company that intends to develop a sustainable position on the market must ensure that CS actions are being taken.
As a consequence, our company intends to make a difference in the eating style of people. Therefore, the company organizes seminars on this subject. People are invited to attend to these seminars held by authorities in the field that explain people the importance of a healthy eating style and the benefits of organic foods.
Also, the company is interested…
1. Smith, J. (2003). The Shareholders vs. Stakeholders Debate. MIT Sloan Management Review. Business Ethics and Public Policy, Leadership and Organizational Studies. Retrieved April 26, 2010 from http://sloanreview.mit.edu/the-magazine/articles/2003/summer/44411/the-shareholders-vs.-stakeholders-debate/ .
2. Phillips, R. (2004). Some key questions about stakeholder theory. IVEY Business Journal. Retrieved April 26, 2010 from http://www.iveybusinessjournal.com/view_article.asp?intArticle_ID=471 .
3. Deal and Kennedy's Cultural Model (2010). MindTools. Retrieved April 26, 2010 from http://www.mindtools.com/pages/article/newSTR_86.htm .
4. Cooke, R.A. & Szumal, J.L. (2000). Using the Organizational Culture Inventory to Understand the Operating Cultures of organizations. Handbook of Organizational Culture and Climate. Retrieved April 26, 2010 from http://books.google.ro/books?id=AUt1i9ZEa48C&pg=PA147&lpg=PA147&dq=robert+a+cooke+organizational+culture&source=bl&ots=ZRyk-MTlUj&sig=R9niqrhTVi1q-VNdWnvL-fB9lAg&hl=ro&ei=FcXVS93VJ8-ZOIy8vJ4O&sa=X&oi=book_result&ct=result&resnum=4&ved=0CDAQ6AEwAw#v=onepage&q=robert%20a%20cooke%20organizational%20culture&f=false .
Our society values tolerance, diversity, and the American Dream. Illegal immigration is not immoral, nor even unethical except for the fact that working illegally breaks the law. Following the law is usually considered a moral and ethical act. Firms that hire illegal immigrants may do so in spite of how the general culture feels about the behavior. A firm that values profit, for example, might hire illegal immigrants in order to pay them less than minimum wage and save labor costs. or, a firm that values human rights might help their illegal immigrant employees apply for residency. In either case, the firm's values do not necessarily correspond with those of the dominant culture. Basically, individuals and firms often act with self-interest in mind rather than obey the moral and ethical codes of the society.
ieselman, D. (2005). What are values? University of Cincinnati. etrieved July 4, 2007 at http://www.magazine.uc.edu/0805/whatarevalues.htm…
Rieselman, D. (2005). What are values? University of Cincinnati. Retrieved July 4, 2007 at http://www.magazine.uc.edu/0805/whatarevalues.htm
Values, Morals, and Ethics." Changing Minds. Retrieved July 4, 2007 at http://changingminds.org/explanations/values/values_morals_ethics.htm
Values and Beliefs:
Transformation and Change
Perhaps one of the most interesting aspects of the human psyche is how one's personal values and beliefs can transform and change. Whereas, one previously might have imagined that one's value systems and beliefs were "set in stone," events, circumstances, relationships, and changing community membership can either slowly or suddenly work to change one's central beliefs quite unexpectedly. Although many individuals can experience a real sense of personal internal resistance or struggle to changing beliefs and values (perhaps akin to the stereotypical "midlife crisis"), some respond to value change quite readily and without emotional crisis. However, regardless of how one responds, belief and value change is a normal and typically inevitable for those who function in a wide variety of relationships, communities, and situations.
Relationships and Communities:
Their Central Function
Cultural anthropologists have long known the important role that community, and the relationships within…
Which of your regular activities outside the classroom (group or individual) best reflect your most important personal values? How?
Another activity that I enjoy, and which also reflects my basic values, is planning my spending activities during the month. The value that is involved here is to carefully plan my finances in a way that helps me to not only survive, but also to have money left over to save towards my longer-term goals.
If the recent recession taught me anything, it is that the value of money and the stability of income are by no means guaranteed. It is therefore important to create a strong basis of wealth in terms of savings and investments in order to secure a future for oneself and those who might rely on one's resources.
Learning to work carefully with my money now will also help me in my financial future, when I may…
With the technology available in today's economy, it is probable that education could go back to the days when students received more individualized instruction. There is no refuting that technology will continue to alter education (Cornell, 2007).
Socialization is the development of a sense of being self connected to a larger social world by way of learning and internalizing the values, beliefs, and norms of one's culture. During socialization people learn to carry out certain roles as citizens, friends, lovers and workers. In the course of internalization our culture becomes second nature. People learn to behave in socially suitable and adequate ways. Some social institutions have precise roles in socializing the young and others have less deliberate but still powerful roles in the process. The mass media is a very influential socializing force. Media affects how people learn about the world and interact with each another. People often base most…
A Guide to Critical Viewing for Parents and Children. (n.d.). Retrieved July 30, 2010, from Family Values Television Network Web site: http://fvtvn.com/articles/taking-charge-of -your-tv/
Bolen, Jackie. (2006). TV's Effect on the Family. Retrieved July 30, 2010, from Web site:
Cornell, K. (2007). How Technology has Influenced Education. Retrieved July 30, 2010, from Writing Web site: http://www.writing.com/main/view_item/item_id/1322931-How -
The founders of modern quality management are considered to be Frederick Winslow Taylor, Walter Shewhart and later W. Edwards Deming and Joseph Juran. Taylor published the Principles of Scientific Management in 1911, laying the foundation for the work that was to follow. Shewhart developed the idea of statistical quality control. Deming expanded on his work during World War II and after the war introduced quality control concepts to Japan. Juran followed a similar career path - all three began their work in quality control at Bell Labs.
A like Shewhart for his work on statistical quality control - this concept still drives the most vital quality management tools today and before him there was little sense of how to measure quality, which made quality management a rather vague discipline, with ad hoc solutions rather than ones that could be proven and̾
2) Some of the issues we face in selecting global locations are taxes, local government, possible incentives, quality of the workforce, distance from suppliers and to markets, foreign exchange risk and the cost of things like workforce, land and equipment.
The founders of modern quality management are considered to be Frederick Winslow Taylor, Walter Shewhart and later W. Edwards Deming and Joseph Juran. Taylor published the Principles of Scientific Management in 1911, laying the foundation for the work that was to follow. Shewhart developed the idea of statistical quality control. Deming expanded on his work during World War II and after the war introduced quality control concepts to Japan. Juran followed a similar career path - all three began their work in quality control at Bell Labs.
A like Shewhart for his work on statistical quality control - this concept still drives the most vital quality management tools today and before him there was little sense of how to measure quality, which made quality management a rather vague discipline, with ad hoc solutions rather than ones that could be proven and replicated elsewhere.
Values and Ethics
in the Workplace
Values and Ethics in the Workplace
Values and ethics in the workplace can be extremely different among various jobs, careers, companies and organizations, ages, races, and ethnic groups, cultures and parts of the world, office environments, and the individual employees themselves. For example, a secretary in the administrative office of a Catholic church, a poor and illiterate factory worker in India, and a stockbroker who works as a managing partner in a prestigious firm would all hold different and maybe even opposing morals. The secretary would probably be opposed to working on a Sunday so that she had the time to attend church, while the stockbroker would feel compelled to work even on Sunday so that he did not feel lazy and unmotivated, and the factory worker would not have the option of making such a decision as he would have to work every…
Darwall, Stephen. (2002) Consequentialism. Oxford: Blackwell.
Loptson, Peter. (2006) Theories of Human Nature. Peterborough, ON: Broadview.
Orend, Brian. (2000) War and International Justice: A Kantian Perspective. West Waterloo, Ontario: Wilfrid Laurier University Press.
Internet Encyclopedia of Philosophy. (October 15, 2004) Social Contract Theory. Retrieved on April 23, 2011 from http://www. iep.utm.edu/soc-cont/#SH3b.
The "Safety First" scenario is even less cut-and-dry for me. If a company wants to increase its profit margin and include a high-end line of clothing, then it has the right to do so. I do not believe that a company can prevent or control crime through its pricing strategies. Shoplifting is not necessarily related to the presence of luxury goods. I feel that crime is a reflection of overarching social, economic, and political problems. As long as the company is acting ethically in other respects, then I don't see the problem with offering the high-end jacket. Offering a low-cost alternative to the high-end jacket in my opinion is not the best solution in this case either, because it undervalues the more expensive article of clothing and could prevent people from buying it. Instead, a win-win situation might be to firmly decide that the Daze line would become high-end and…
Values Portrayed eality TV
The modern day media has recently found out that profits can be higher if reality TV shows are produced. Based on these reasons, there is a long list of reality TV shows that are being produced. Not all of these shows are successful, but the one that are successful have achieved great deal of profits, cultural prominence and popularity. The question that arises here is that if these shows should be produced or should they be aired for the audience.
Many definitions have been given for reality TV but one of the most important definitions is a show that showcases situations that have actually happened. Apparently, there is no scripting in these shows as in the case of dramas and serials. A small group of people are showcased in these shows who are not trained actors but these are chosen as they face unusual situations.
Deery, J. (2004). Reality TV as Advertainment. Popular Communication: The International Journal of Media and Culture 2, pp. 1-20.
Murray, S., and Ouellette, L. (2009). Reality TV: Remaking Television Culture. Edition 2. NYU Press.
Olivera, M.B. (1994). Portrayals of crime, race, and aggression in "reality-based" police shows: A content analysis. Journal of Broadcasting & Electronic Media 38, pp. 179-192.
Papacharissi, Z., & Mendelson, L.A. (2007). An Exploratory Study of Reality Appeal: Uses and Gratifications of Reality TV Shows. Journal of Broadcasting & Electronic Media 51, pp. 355-370.
One of the most pervasive new technological inventions is the cellular phone. The mobile phone has greatly impacted the social and aesthetical values of people in most parts of the world. It is not uncommon for people to receive calls in public places, and frequently these one-sided conversations are even louder than those between two people talking in person. Loud rings, which are often digital sound files of popular tunes, contribute to the cacophony of sounds in urban environments. People are becoming increasingly more used to the sounds of cell phones ringing, which proves that the technology has already altered our perception of the environment. Mobile phones are now a pervasive part of our culture; people of all ages walk down the street with telephone in hand.
However, cell phones also raise a lot of controversial social values issues. There seems to be a lack of common courtesy in…
Some of te true reasons for wic settlers were coming in large numbers was te rumor tat Arizona old great rices in its soil. Te land ad a great number of places were gold or coal could be found and mining proved to be an excellent industry for te land of Arizona. ttp://www6.nau.edu/library/scadb/imagedisplay.cfm?item_num=1865&type=Image
Contrary to te belief tat its natural resources were endless, wit te passing of time, tey started to fade and te land was soon drained out of its precious elements. People began to loose interest in coming to Arizona and resumed to migrating to te more economically advanced areas from te U.S. Only te iger development of te industrial companies enabled tem to keep teir businesses. Te valuable potential of Arizona as dropped since te 1890's till today because of pollution, tree cutting, and excessive industrialization.
Some of the true reasons for which settlers were coming in large numbers was the rumor that Arizona hold great riches in its soil. The land had a great number of places where gold or coal could be found and mining proved to be an excellent industry for the land of Arizona. http://www6.nau.edu/library/scadb/imagedisplay.cfm?item_num=1865&type=Image
Contrary to the belief that its natural resources were endless, with the passing of time, they started to fade and the land was soon drained out of its precious elements. People began to loose interest in coming to Arizona and resumed to migrating to the more economically advanced areas from the U.S. Only the higher development of the industrial companies enabled them to keep their businesses. The valuable potential of Arizona has dropped since the 1890's till today because of pollution, tree cutting, and excessive industrialization.
Values and Ethics and Asylum Seekers
Ethical awareness is a necessary part of the professional practice of social workers and their ability to act ethically is an essential aspect of the quality of service offered to clients (Ethics pp). According to the International Federation of Social orkers, professional social workers are dedicated to service for the welfare of human beings, and to the use of scientific knowledge concerning human behavior (International pp). orkers are also expected to use resources for the enhancement of the quality of life and to achieve social justice (International pp).
According to the Code of Ethics of the National Association of Social orkers:
The social worker should act to prevent practices that are inhumane or discriminatory against any person or group of persons.
F.3. The social worker should not practice, condone, facilitate or collaborate with any form of discrimination on the basis of race, color, sex,…
Bocker, Anita. (1999). Country of asylum by choice or by chance: asylum-seekers in Belgium, the Netherlands and the UK. Journal of Ethnic and Migration Studies. January 01. Retrieved October 27, 2005 from HighBeam Research Library Web site.
The Ethics of Social Work Principles and Standards. Retrieved October 27, 2005 from:
International Federation of Social Workers. Retrieved October 27, 2005 from:
The use of various artifacts as symbols is also important in showing the transference and transformation of values in many texts. In Whale ider, a whale's tooth that has been cast into the ocean serves as a symbol of leadership, and the protagonist's retrieval eventually cements her ascendance to the role of a tribal leader. Her positive arc moving away from traditional values is shown in her appropriation of certain physical symbols of this traditional value system. In this way, the protagonist both literally and symbolically adopts and yet transforms the traditional values of her tribe in order to achieve her own identity.
Artifacts are out to a much different use in Franz Kafka's the Metamorphosis. Of course, the arc that the protagonist of this story travels is also markedly different from that of the protagonist in Whale ider; Gregor Samsa is quite happy his traditional role of a grown…
Caro, N. (2003). Whale rider. Buena Vista.
Kafka, F. (1915). The metamorphosis. New York: Penguin.
Lahiri, J. (2003). The namesake. New York: Houghton Mifflin.
Though the concepts of professional values and ethics are relatively simple and straightforward, the effects that the choices made with different values and ethics have are quite far reaching and complex. No matter what specific values or ethical systems are being applied to a given situation, there are certain limitations to the actions and behaviors that can be taken and the choices that can be made. For instance, the case of price fixing between two major soda manufacturers and distributors could have been handled in two ways, each with its own set of short- and long-term effects on te careers of the individuals involved. The decision to engage in price fixing led to the imprisonment of at least one of the men; though the short-term effects lived up to the promise of a more lucrative career, security for the executive's family, and other benefits, in the long-term his career was…
Values and Ethics
A person's worldview is shaped in many ways starting from birth. The values held by his family, friends and community are impressed upon him during the first years of his life, and form the basis by which he interacts with the world and through which he understands his experiences. hile many people remain truest to the ethics developed in childhood, and only develop complexity in their ethical standards as they age, others choose to stay true to the values that call to them most clearly and build up their values around a new pattern of beliefs. My values were rooted in my family of birth and developed through the influence of my friends and community, but they crystalized during the nearly two decades I spent serving in the U.S. Marine Corps. Among my core values are the Marine Corp ethical goals of honor, courage and commitment, and…
Merriam-Webster. 2011. "Definition: Honorable." Retrieved June 4, 2011 from http://www.merriam-webster.com/dictionary/honorable
Values and the Automobile Market
In the last decade, the luxury car segment became one of the most competitive in the automobile market. Many American consumers who purchase luxury cars prefer imports from Germany and Japan.
A marketing vice president with General Motors once commented, "Import-committed buyers have been frustrating to us." This type of thinking has led industry analysts to argue that to successfully compete in the luxury car segment, U, S, carmakers need to develop better understanding of the consumers so that they can better segment the market and better position their products via more effective advertising. Insight into the foreign-domestic luxury car choice may result from examining owners' personal values in addition to their evaluations of car attributes, because luxury cars, like many other conspicuously consumed luxury products, may be purchased mainly for value-expressive reasons.
Industry analysts believe it would be important to assess whether personal values…
Value-based reimbursement models are becoming more common in healthcare. Value-based models structure reimbursements according to metrics like efficiency, cost, quality, and patient feedback (Pennic, 2014). Some of the most commonly used value-based reimbursement and payment models include Medicare Quality Incentive Programs, Pay for Performance, Accountable Care Organizations, Bundled Payments, Patient-Centered Medical Home, and Payment for Coordination (Pennic, 2014). More traditional reimbursement models include standard fee-for-service systems, which are woefully inefficient for patients with chronic conditions due to the large number and type of treatments needed (Sanghavi, George, Samuels, et al, 2014). While there is no one preferred approach to reimbursements, value-based models are clearly superior to fee-for-service models.
One of the most promising value-based reimbursement models is the Patient-Centered Medical Home model. This model tends to be more culturally-appropriate than others, taking into account individual and family needs, community diversity, and other contextual variables that might impact patient health outcomes…
The Santander Group of financial institutions is one of the largest financial companies in the world and has the largest network of branches of any bank in existence, with subsidiaries based in the United States, Europe, and Latin American, and with operations that truly stretch to every corner of the globe (Santander Group 2011). With such expansive operations and holdings, it can be difficult to come up with an accurate and comprehensive valuation of the company, especially as many of its assets are not entirely tangible and are subject to major swings in value as a result of economic turmoil (which is of course heightened in the current era). A systematic approach identifying key aspects of the business and its relation to competitors can provide an overview of Santander's value, however.
The tangible assets of the Santander Group are immense, with over 1,300 individual personal and business…
Santander. (2011). About us. Accessed 12 November 2011. http://www.aboutsantander.co.uk/
Santander Group. (2011). Company information. Accessed 12 November 2011. http://www.santandershareholder.co.uk/company-information/
Yahoo Finance. (2011). Banco Santander. Accessed 12 November 2011. http://finance.yahoo.com/q/pr?s=std
Value of Moral Ethics in the Life of Ex-President Clinton
In today's world, working in organizations means working in an environment with people from multicultural backgrounds. If one were asked what type of organization they would like to work in, the chances are the reply will be "ethical organizations." So what exactly is an ethical organization and how positively does the 'code of ethics' apply in a professional working environment? Are they really functioning to benefit the workplace such as the government, which was constantly plagued by lawsuits of sexual harassment, especially during the terms of the Clinton administration or are they just operational in the documents where they rest for the staff to read on new employment?
In today's political world, leaders are looked up to for creating a healthy social environment that is a pre-requisite for a healthy governing environment. More over, a growing population of the working…
Terry L. Cooper, The Responsible Administrator, 4th edition.
NANCY BENAC, Former intern's account gains credibility with Clinton's admission, The Associated Press, Tuesday 18 August, 1998, Website: http://www.slam.ca/CNEWSClinton/aug18_lewinsky.html
Linda K.Trevino, Katherine A.Nelson, Managing Business Ethics, 2nd edition, pp.12
Stuart Taylor Jr., The Case -- For and Against, The National Journal, January 31, 1998
The narrator becomes repulsed by Bartleby and decides that he must be suffering from some type of mental problem. The less the narrator knows about Bartleby the worse things seem to be for him. He wants to make sense of things. He wants it all to make sense. The conflict arises from his inability to do so. The narrator is simply being human in his desire to control and understand things but Kafka is demonstrating how we cannot always know everything and how we must be at peace with that, lest we become insane. It is also important to point out that some things are simply not meant to be known or completely understood. Kafka does not attempt to explain everything in this story because we often face situations that will never be truly understood.
Marquez demonstrates conflict and how it makes for interesting fiction by allowing the readers to…
Kafka, Franz. "The Metamorphosis." The Norton Anthology of Short Fiction R.V. Cassill, ed.
New York W.W. Norton and Company. 1981.
Gabriel Garcia Marquez's "Chronicle of a Death Foretold." Collected Novellas. New York:
Harper Perennial. 1990.
Value of Developing an Electronic Career Portfolio
An electronic portfolio happens to be an interactive online approach which enables one to provide a complete review of one's achievements, abilities as well as experiences. It is a space in which one is able to put together one's own resume as well as samples of one's work for potential business employers. E-portfolio pages of content vary from social media websites like MySpace or even Facebook. An e-portfolio goes beyond a traditional resume, offering a range of details about one's qualifications and abilities in more than a single medium. It could consist of papers, pictures, as well as videos, amongst other options (owh, 2008). The goal of this paper is to evaluate the importance of creating a digital career portfolio also known as an e-portfolio.
An e-portfolio is surely an online showcase of one's abilities and skills. It is particularly geared to…
Grasz, J. (2013).Thirty-seven percent of companies use social networks to research potential job candidates, according to new CareerBuilder Survey. Career Builder. Taken from: http://www.careerbuilder.com/share/aboutus/pressreleasesdetail.aspx?id=pr691&sd=4%2F18%2F2012&ed=4%2F18%2F2099
Haag, S., Cummings, M., McCubbrey, D., Pinsonneault, A., Donovan, R. (2006). Management Information Systems for the Information Age. Building an E-portfolio (XLM-J). Toronto: Mcgraw-Hill.
Kwoh, L. (2012). Beware: Potential Employers Are Watching You: the spread of social media has given hiring companies a whole new list of gaffes to look for. The Wall Street Journal. Taken from: http://online.wsj.com/article/SB10000872396390443759504577631410093879278.html
Rowh, M. (2008). Building an E-Portfolio. Career World 37(3), 26.
Values and Strategy
The strategic management process serves an integral role in creating competitive advantage in the marketplace. It stipulates the steps an organization takes to create value for its key stakeholders. With reference to WEX Inc., a payment processing firm, this paper discusses how the strategic management process creates value for the organization. The paper also evaluates the organization's mission and vision statements as well as motivation, innovation, and people strategy, and highlights the role of ethics and corporate social responsibility (CS) in strategic planning.
Strategic Management Process
WEX Inc. was founded in 1983 as a payment processing company. With its headquarters in South Portland, Maine, the firm has operations in the U.S., Canada, South America, Europe, Australia, and New Zealand. Its services fall in two segments: Fleet (payment processing solutions for vehicle fleet industries); and MasterCard (payment processing solutions for corporate transactions).
The strategic management process at WEX…
Hill, C., & Jones, G. (2012). Essentials of strategic management. 3rd ed. Boston: Cengage Learning.
If consumers believe this, they will be willing to pay higher prices. Much of the success of the iPhone is associated with the ability of Apple to make this connection with consumers, because without such associations, consumers would not be willing to spend extra on an iPhone and would probably spend more time comparison shopping different smartphones. In essence, Apple wants its customers to purchase an Apple, rather than product that delivers a specific bundle of benefits.
The iPhone has a strong market share in smartphones, and has allowed Apple to emerge as a power in mobile devices. This indicates that the company has been successful in creating the brand associations that drive the product differentiation in the iPhone. Other smartphones compare poorly with respect to brand associations next to the iPhone for a couple of reasons. One is that there is some confusion between the platform brand (i.e. Android)…
People with family histories of blood disease, for example, could benefit greatly from a private supply of compatible blood cells. Mixed-ethnicity children could also stand to benefit, since this population often experiences difficulty finding genetically compatible donors for organs or bone marrow (Peterson 56).
The sad reality is that despite its many benefits, the use of stem cells from umbilical cords is hampered by a lack of supply. There are private banks that extract and store a baby's umbilical stem cells for private use, but the costs are too prohibitive for most families. For many private banks, parents have to pay $1,300 up front for the extraction, and an additional $95 each year for storage. Also, many parents are simply unaware of the importance of umbilical stem cells. Sprage, a beneficiary of a cord stem cell transplantation, finds it disturbing that "most cord blood ends up as medical waste." (Peterson…
Peterson, Holly. "Cord-blood Controversy." Newsweek. August 18, 2003: 56.
Seppa, Natan. "Baby Rescue." Science News. May 21, 2005: 323-324.
Smith, Wesley J. "Umbilical Accord." Human Life Review. 31:4, Fall 2005: 87-89.
Value of Umbilical Stem Cell Research in Curing Disease
Value Stream Mapping Toyota's Global Supply Chain
Toyota is considered one of the world's innovators when it comes to the principles of lean manufacturing. It introduced two concepts which, though they seem self-explanatory, were revolutionary at the time of their introduction. The first concept is called Just-in-Time (JIT). The second concept is called Jidoka. JIT refers to the idea that parts arrive when they are needed; they do not sit on the factory floor. It also refers to the ordering process; the factory does not have a significant overstock of parts; it is stocked with the parts it needs to meet production demands. The concept of Jidoka refers to the idea that automation should not mean losing the human influence on manufacturing. At the Toyota factories, the workers are expected to play a continued role in quality control, so that any worker…
Ludwig, C. (2013, July 1). Toyota's total supply chain vision. Retrieved February 6, 2015 from Automotive Logistics website:
Sanyal, S. (2014, February 2). Understanding Toyota's production system (TPS). Retrieved
February 9, 2015 from Supply Chain Management website: http://cmuscm.blogspot.com/2014/02/understanding-toyotas-production-system_2.html
To sum up Masters' characterization of Eisner, she highlighted him as an individual "who portrays himself as an insatiably curious child whose father begged for relief from his incessant questions."
Evidently, Masters' portrait of Eisner contrasted the personality of the individual fit to manage Walt Disney Co. Depicting Eisner as incapable of knowing, even perceiving, consumers' needs, particularly that of children, it was not surprising that he had failed to successfully launch Euro Disney at France. The book emphasized the importance of understanding and being sensitive to other cultures as one of the most essential factors that determine the success of a business, be it a local or global organization. Regressing to Eisner's childhood was a tactic that the author adopted in order to convey the message that one must be able to understand the targeted market in order to effectively deliver the appropriate services that this particular market needs…
PV = $15,000 / (1+.07)^1 = $14,018.69.
At 4%, this is $15,000 / (1.04) = $14,423.08
The PV of Account A is 6500 / 1.06 = $6,132.07. The PV of Account B. is 12,600 / (1.06)^2 = $11,213.96
The present value of the entire income stream is $168,459,500.
hat this example shows is that the net present value of a future cash flow increases with a lower discount rate. The reason for this is that a lower discount rate means the less purchasing power of the future cash flow is diminished. So in this situation the gold mine is worth more at a 3% rate than a 5% rate, and both are worth more than at a 7% rate.
A. The project's NPV at a discount rate of 0% is $670,000
The project's NPV at a discount rate of 2%…
Anthes, G. (2003) ROI guide: Net present value, retrieved August 2008 from: http://www.computerworld.com/action/article.do?command=viewArticleBasic&articleId=78530
Investopedia. (2011). Profitability index. Investopedia. Retrieved November 7, 2011 from http://www.investopedia.com/terms/p/profitability.asp
McCracken, M. (n.d). Capital Budgeting. Retrieved August 2, 2007 from: http://teachmefinance.com/capitalbudgeting.html
Time Value of Money: Self Paced Overview. (n.d.). Retrieved January 10, 2011 from: http://www.studyfinance.com/lessons/timevalue/index.mv
Value of Money
I would define the time value of money as the value of what that money could be earning between the present day and the future time that one could have the same amount of money. In addition to the financial earnings, I would factor in opportunity costs to my calculation of the time value of money, because it is important to consider what opportunities, not simply earning opportunities but general opportunities, one would miss by not having that money available in the present time. In other words, the time value of money is what one will have to make in the future to replace the money that is missing now combined with the opportunities lost in the interim.
It is critical for financial managers to understand the concept of the time value of money, because it is the whole concept behind financial planning. Many people who seek…
A."Suppose your bank account will be worth $15,000.00 in one year. The interest rate (discount rate) that the bank pays is 7%. What is the present value of your bank account today? What would the present value of the account be if the discount rate is only 4%?"
PV at 7%
With a discount rate of 7.00% of the bank account and a span of 1 year, the projected cash flows of my money are worth $0.07 today, and this is less than the initial $15,000.00. The resulting PV of the $15,000 is $14,018.69,
However, PV at 4%
With a discount rate of 4.00% of my bank account with a span of 1 year, the projected cash flows are worth $0.08 today, which is less than the initial $15,000.00 money in the bank in one year. The resulting PV of the money in the…
Value: Problem Solving and Written Assessment by: Sharon . oss
This paper provides an analysis of an article by oss (2002), which describes the learning characteristics exhibited by young children in relation to a particular topic in mathematics, known as place value. Place value refers to the value assigned to each digit within a multiple-digit numeral, within the familiar decimal number system that is the basis for contemporary mathematics in academia and commerce. The premise of the article is that the concept of place value is inherently difficult for elementary grade students to grasp, and correspondingly difficult for instructors to teach. The reason for this difficulty is attributed to the complicated symbology inherent in the decimal system of numeration, which may be summarized as being the product of four mathematical properties, namely the additive, positional, base-ten and multiplicative elements inherent in each and every multiple-digit numeral. oss (2002) describes a…
Ross, Sharon, and Carol (ed.) Langbort. "Place Value: Problem Solving and Written Assessment." Mar. 2002. Web. 7 Feb. 2012.
Value of Money
My SLP company is Wal-Mart. For me I would pay less than $100,000 for this bond, because I know that the $100,000 face value of the bond is not going to have the same purchasing power in a year as it does today. The value of the bond will therefore be less than $100,000, based on the prevailing interest rate. Wal-Mart is a company with a high amount of cash flow that is quite reliable. Thus it is not expected that Wal-Mart would pay much in the way of interest, maybe 2% per year. This implies the value of the bond would be around $98,000.
The discount rate for this bond, based on a $98,000 price, would be 2.04%, as calculated by ($100,000 -- 98,000) / 98000. This reflects the return that the bond offers to the investor.
Target is a company in the same industry as…
value drivers as it pertains to Customer
Service. Not all eight-value drivers pertain to or are affected by the customer service force and therefore, the paper will only discuss where the value drivers are applicable to customer
Service. The value drivers are as follows:
External Cultural Values
Organizational Cultural Values
Individual Employee Values
Third - party Value
The paper will also discuss the recent labor issues Wal-Mart was facing and the paper will apply and explain where applicable any or all of the eight value drivers.
The external cultural values and their consideration is really important for the authorities of the Wal-Mart to consider because these issues are directly related to the customer services, if the organization wants to maintain a healthy relationship with the customers then they have to consider these cultural values. The external cultural values helps the organizational authorities to…
As retrieved from Chapter 11 Organizational Culture http://www.google.com./search?q=cache:ACZSaW4ptU8J:www.sc.doe.gov/sc-5/benchmark/Ch%252011%2520Organizational%2520Culture%252006.08.02.pdf+Organizational+Cultural+Values& ; hl=en On May 21,2004
As retrieved from http://money.cnn.com/2004/01/08/news/companies/walmart/?cnn=yes
On May 21,2004
As retrieved from Changing Customer Values by Steven Howard
values that drive human societies change over time, and in many instances the political environment will reflect those changes. By the early 1970s, scholars were recognizing that there were significant shifts in the values of the world's most advanced industrial societies (Inglehart, 1971). The basic values of generations, he notes, change based on the "changing conditions influencing their basic socialization." The way that these changes are reflected in politics will often come in the form of conflict. This need not to open, violent conflict, but a conflict between ideas. Younger generations view the world as theirs to inherit, and want to begin setting the tone for the world they want to see as soon as possible. Peak generations see themselves as running the world in their image, an opportunity for which they have waited, while older generations wish to maintain relevance, and in many cases still retain significant formal power.…
Blotken, F. & Jagodzinski, W. (1985). In an environment of insecurity: Postmaterialism in the European Community, 1970 to 1980. Comparative Political Studies. Vol. 17 (1985) 453-484.
Clarke, H. & Dutt, N. (1991). Measuring Value Change in Western Industrialized Societies: The Impact of Unemployment. The American Political Science Review. Vol. 85 (3) 905-920.
Clarke, H., Kornberg, A., McIntyre, C., Bauer-Kaase, P. & Kaase, M. (1999). The effect of economic priorities on the Measurement of value change: New experimental evidence. American Political Science Review. Vol. 93 (3) 637-647.
Davis, D., Dowley, K. & Silver, B. (1999). Postmaterialism in world societies: Is it really a value dimension? American Journal of Political Science. Vol. 43 (3) 935-962.
The problem is that if this trend continues it will have serious consequences for the society as a whole.
Many other great historical cultures have deteriorated and fallen as a result of a decline of social values and standards. We need only refer to the great Roman Empire for clear evidence of the link between a reduction of morals and standards and the demise of the culture. Historians refer to the view that the fall of the Roman Empire can be directly linked to a decline in moral and societal norms and that the culture was destroyed not only by the outside invaders but by internal decay and moral decline. As one expert writes,
The primary reason for Rome's fall was moral decline. Every Roman writer who chronicled the fall of the republic -- Appian, Tacitus, Cassius Dio, Sallust, Cicero, and others -- marveled at the evaporation of ancient virtue…
Bonta, Steve. Lessons of Rome: The Rise and Fall of the Roman Republic
Provides Lessons That Hint at Flaws in Modern Political Policies. The New American, 21 Feb. 2005.
Nursing Home Current Events in Texas. 2001. June 22, 2009.
3. Future Value (of an investment)
The future value of money is the amount that it will grow to after a specified time in the future. In the previous example, the future value of $10,000 after 1 year is $10,450. In the 2nd year, the future value is $10,920.25. In the 3rd year, the future value is $11,411.66. Let's say we want to get $10,000 after 3 years (future value). Assuming that the interest rate is still 4.5%, the money that we should have right now (present value) should be $8,762.97. We can see this in the following computations:
After 1st year: $8,762.97 + 4.5% = $9,157.30
After 2nd year: $9,157.30 + 4.5% = $9,569.38
After 3rd year: $9,569.38 + 4.5% = $10,000
This further illustrates the fact that the same $10,000 in the future (3 years from now) is only worth $8,762.97 in the present (Croome 2003).
Garrison, Sharon (2006). StudyFinance.com. "Time Value of Money" Retrieved November 10, 2006 at http://www.studyfinance.com/lessons/timevalue/index.mv
Croome, Shauna (August 27, 2003). "Understanding the Time Value of Money" Retrieved November 10, 2006 at http://www.investopedia.com/articles/03/082703.asp
Wikipedia contributors (2006). "Opportunity cost." Wikipedia, The Free Encyclopedia. Retrieved November 10, 2006 at http://en.wikipedia.org/wiki/Opportunity_cost
Wikipedia contributors (2006). "Rule of 72." Wikipedia, The Free Encyclopedia. Retrieved November 10, 2006 at http://en.wikipedia.org/wiki/Rule_of_72
value of money is perhaps the most critical concept in modern financial theory. According to Bianco & Poole (2010), "While executives and academics often disagree, they all agree that the time value of money (TVM) is the most important finance concept that should be taught in introductory finance classes" (Gup, 1994) Undergraduate business students are typically exposed to time value of money concepts in more than one course. Introductory accounting and financial management courses always cover TVM. Students are often taught this subject in mathematics and other general business courses. Many techniques are utilized for teaching and solving TVM problems including formulas, tables, financial calculators and spreadsheets." (Bianco, Poole, 2010)
In my opinion, the idea for TVM is important due to the notion that a dollar invested today increase the value of dollars earned today due to the value of receiving P + i, which is principal plus interest. According…
Bianco, C.A., Nelson, D.T. & Poole, B.S. 2010, "Teaching Time Value of Money," The Business Review, Cambridge, vol. 16, no. 1, pp. 25.
Croft, J. 2010, Littlewoods fights for ruling on VAT refund treatment, The Financial Times Limited.
Schwartz, M.A. 1991, "Time Value of Money," The National Public Accountant, vol. 36, no. 6, pp. 6.
Whether in business or other settings, Chinese people will often demonstrate a notable lack of contentiousness, preferring to say indirectly what an American would not hesitate to say frankly.
If one's professional or social senior in China errs in some way, the junior will seldom correct or criticize him. This is in part because doing so would cause the senior to lose face, which is undesirable. One does not want to be the reason another loses face. Others take a dim view of someone who caused another to lose face in this way.
When constructive criticism is invoked by a senior, or even by an equal, the response from a Chinese person will probably not be very candid. An articulate Chinese person will attempt to use polite conversation to lead the person requesting the criticism to arrive at the same opinion as is felt by the person of whom the…
Barker, Thomas S., Cobb, Steven L. (2000). Survey of Ethics and Cultural Dimensions of MNCs. Competitiveness Review, 10(2), 123-129.
Chen, Charles P. (2004). Transforming Career in Cross-Cultural Transition: The Experience of Non-Western Culture. Counsellor Trainees. Counselling Psychology Quarterly, 17(2), 137-144.
Gries, Peter Hays. (1999). A 'China Threat'? World Affairs. 162(2), 63-75.
Hall, Edward, T., Hall, Mildren Reed. (1987). Nonverbal Communication for Educators. Theory Into Practice. 26(1), 364-367.