Table of contents:
1. Table of contents: 2
2. Introduction: 3
3. Reasons as to why the managers cook the books: 4
4. Boundary between earning management and fraudulent reporting: 6
Table of contents:
1. Table of contents: 2
2. Introduction: 3
3. Reasons as to why the managers cook the books: 4
4. Boundary between earning management and fraudulent reporting: 6
The inactive or static gains are an outcome of the business of the theory of relative expense in the area of foreign or international trade. On this basis, nations make the best use of their given resources so that their national end product becomes grater, which also increases the level of cultural well-being in the nation. At the time of an induction of international business in the economy the outcome is known as the static gains from trade.
[Type the company name]
The role of Commercial Banking in the Financial World
[Type the document subtitle]
[Type the author name]
[Pick the date]
|[Type the abstract of the document here. The abstract is typically a short summary of the contents of the document. Type the abstract of the document here. The abstract is typically a short summary of the contents of the document.]|
Table of Contents
Aim of the Research: 1
Research Objectives: 2
Research Questions: 2
Research Hypotheses: 2
Literature review: 2
The role of commercial banks: 3
A concrete case has been taken for discussing negotiation process. A client of a blue chip consumer enterprise was the in charge of it in its branch in Southeast Asia. As the organization had not been earning profit and not performing as per the expectation, the client felt that he may be at risk. He took a decision to negotiate with that company and desired to get an early retirement including a striking separation. In addition, highest earnings of the client had been more than $700,000. Here, the situation of negotiation rests with the client as he has to search and negotiate with a new company.
Introduction to Centro property group:
Centro properties (CNPR) group, generally known as ‘Centro’ is a company which is located in Australia and an investment enterprise that has specialization in the rights, and progress of shopping centres. It is a well-known listed enterprise with securities that are traded on the securities exchange of Australia. Moreover, Centro group addresses both listed as well as unlisted trade land and consists of a wide-ranging collection of trade centres from corner to corner Australia, New Zealand and the United States (Centro properties group, 2001).
This paper’s main purpose is to investigate the requirement for effective segmentation of low cost carriers (LCC) in Middle East region. Low cost carriers are known to charge less than other airways. An analysis of Air Arabia region’s given case is required to suggest the most effective segmentation of that particular region. Moreover, in this context, evidence also has been provided to support those requirements. The further portion of this report some successful marketing tools have been discussed, which Air Arabia can use in its market efforts to improve the business, to attract more people and to provide them the low cost service affordable by them. On the other hand, pros and cons of those marketing tools also have been discussed. This overall research centers at marketing principles, segmentation and effective tool to grow the business. On the basis of case’s analysis, all the questions asked have been answered relatively. It is believed that, an inclusive understanding of the idea behind each part of analysis will help update better judgment on the discussion.
Stress is a way how the human body responds with the good and the bad experiences. The factors that cause stress are tensions, anxiety, frustrations, financial problems, changes in individual & family life and fear. It can affect people mentally, cause sickness, job issues, reduce the performance level and etc. People feel stress when they are unable to handle the situations and as well as sometimes it helps to meet the challenges. Symptoms of stress are related with physical, emotional, cognitive and Behaviouraial aspects (Merriam Webster Incorporated, 2012). At times stress can be managed by reducing the work load, exercise, by eating proper diet, discussing problems with someone, meditation, and managing proper time. Western Australia(WA) Police communication Center has been facing lot’s of stress. Dr Niki Ellis has been working with WA Police Communication to find out the problems that has been affecting organizational efficiency. As per Dr Niki Ellis stress ruins the life of the people because it creates heart problems, depression and back pain. At WA Police communication Center it resulted in the form of absenteeism of the employees, and costing billions of dollars, and ruining the lives. WA Police communication Center is a high tech Organization dealing with crimes and life threatening emergencies. She believes that one can beat the stress by managing the stress, and by changing the working style. Many of the employees were interview by Dr Niki Ellis to know their opinion about how are they feeling about their job. The goal can be achieved with productivity, health and well being for reducing the stress. She recorded such responses like enough feedback is not being given to the employees, they are not directed towards their job at times, too much of work load is there, and management fails to appreciate the work of the employees. It has been stated by her that in today’s economy people have been working with stress to meet their personal and the organizational goals. The new working style and work life balance and organizational changes in term of structure and technology have resulted in the stress level at workplace. She has explained the causes of stress at Western Australia (WA) Police communication Center where people have been putting much effort to manage the occupational stress (ABC 2008). It can be managed by bringing people and change together as a new strategy. She has identified the factors that has been causing the stress such as the lack of job security, too much of the workload, controlling nature of the people, scheduling, people interacting in the social environment, poor relationship with the peer group, changes in the management, and opportunity not being given to learn and develop. She has believed that changing the working style will help to reduce the stress. Change is not an easy task that has been negatively impacting this organization. Dr Niki Ellis now has been taking initiative to build the new structure for the change management strategy so that it can be linked with the employee’s performance at WA Police communication Center. It is well know that to implement the change it requires support of people and management. Failure of change management will result in negative results. She explains that change can be implemented from the top to the bottom (Alan Chapman 2005). After consolidating the report she is presenting it to management and seeking help how to carry out the change management strategies to reduce the stress. She has been discussing that the shop floor employees should be engaged more and officials have been stating that it has been following the democratic structure. There is stressful environment where people have responded that they do not want to work in such a stressful environment. She is also pointing out that employees are not being recognized and the top management fails to know their actual output. The employees feel that whether they are doing their job properly or not. The forces that can be highlighted for the change in WA Police communication Center are implementation of proper performance management system which will result in providing positive feedback and reduce the stress level. Couple of things can be improved by participation of everyone in this organization. She had briefed the bosses of WA Police communication Center with her action plan to implement the change management strategy. The first was to management was provide the transparent feed back to know how stressful the job is at WA Police communication Center. After three month Dr Niki Ellis will come back to check whether things are properly implemented by management or not. When she moved on the when badly handled emergencies continued with several effects and immediate action was being lost. The performance of ten staff has been check to see whether they are polite, helpful and taking the relevant data’s. Standardization of process is required to increase the performance of the organization and manage the stress level at the workplace. The lack of understanding how to implement the successful change management initiatives was there. Ten of the staffs were asked to attend the remedial training programs to make them aware what is expected from them by the organization. Things should not be taken personally by the employees. It is being conducted to create a win -win situation for the employers and the employees. Dr Niki Ellis had after three months observed that training was received well and the management team has got maximum things right. The management had called the employees to access their progress with the stress report presented by her. The knowledge regarding change in advance will not make any difference to the employees when the actual change will be implemented. A proper communication can be held to resolve the queries (The Sydney Morning Herald, 2005). It is a balance between criticism and positive reinforcement bosses are listening the opinion of the ground floor employees and are recognizing their performance. The progress in made in stress reducing action plan. The performance management system resulted in increasing the ranks of the employees. It was done hierarchically and changed the autocratic style of management to the democratic one. Dr Niki Ellis has been recommending the suggestion to the employees who experience stress at workplace. It is also explained that stress at work is arises on the basis how it has been organized. Also the repetition of work results in the boredom of the job in an organization. She explains that people get satisfaction when meaning is attached with the particular job. The poor management system of an organization, inappropriate feedback mechanisms, confusion of the job roles and responsibilities, and aggressive nature of the boss and supervisors with aggressive nature will hamper the productivity of an organization. The proper structuring of the relationships and the management of result will add value to the organization. Stress of the employees results in hampering the success of an organizational. As per Kurt Lewin change management theory whenever the change is being implemented by any organization, then the system should be unfreeze, manage the change initiatives and refreeze the system. In the case of WA Police communication Center the change management strategy was being framed first and it was also unfreeze, and the change were managed by the action plan of Dr Niki Ellis and then after it was refreeze and positive result was being declared in front of management(Current 2011). It has been observed that the forces driving the organization should be analyzed before implementing a change plan.
Friedman Milton’s work provided that profit maximization should be the sole objective of the firms and the firms that have other objectives would sound less competitive and will not be able to provide superior returns to its shareholders, employees and owners. He proposed that the firms which have other objectives would dry up financially in the long run and they would not be able to address their business issues. When Friedman Milton proposed that the primary objective of any enterprise should be to maximize profits, he was talking about the relationship between the managers and shareholders. He meant that the managers must work to maximize the profits so that they can give superior returns to the shareholders. But this approach to management is always looked upon with suspicion and violating the code of ethics. Good firms provide innovative products and services and attempt to solve the consumer’s problems which earlier went unresolved (Christensen & Raynor 2003; Nordhaus 1997). However profit maximization seems to be more appealing in short run but in the long run the firm should aim for wealth maximization. Profit maximization is an implied objective of a firm but here I will try to understand as to whether the firm should go for profit maximization or wealth maximization.
This paper consist information about two Aviation companies Ryan Air and Air Asia. The paper discuss about case study of the each company that provides information about decision making process within the situation by the Ryan Air and Air Asia. This paper also talks about was an example is programmed/non-programmed decision making, in response to a well/ill structured problem and also describe that was this a crisis, non-crisis, or opportunity. The paper also presents comparing and contrasting discussion about the both selected companies Ryan Air and Air Asia in terms of their example as per above parameters in the below.
A revenue model explains how a company gets compensated for each business pattern. Compensation is known as revenue model, but can also be refer as payment. Every business has the right to create the revenue model for its business patterns. There are different revenue streams of the revenue model, and only one stream is offered to each business pattern. Every business has the revenue model that is planned for earning solid business. There are different advantages of revue model for the business; firstly, it helps the business in gaining competitive advantage that provides competitive edge over the other companies in the industry. That helps the company in getting unique reputation in the marketplace (Ingram 2012).
Satyam computers were founded in 1987 by Ramalinga Raju and were recognized as a public limited company in 1991.
This scam was the biggest corporate scam in India and probably one of the biggest in the world and it could be categorized in three heads:
The following report includes the discussion about the purpose of the corporate sustainability reporting with reference to the global initiative sustainability reporting framework. The report also includes the critical analysis of the Stakeholder Theory and Legitimacy Theory. This has been done using extensive literature. The report also includes the factors that motivate the corporate to voluntarily do the sustainability reporting practices. The report also includes the identification of the two multinational organizations from among the global 500 companies in 2012 and analyzes and compares their reporting on the economic, social and environmental aspects in their annual reports and also sustainability reports in the year 2011.the company selected for this purpose from the global 500 companies are Royal Dutch Shell and Exxon Mobil. The report also includes how the legitimacy is managed through reporting by these two companies. Finally a conclusion has been drawn from the overall analysis.
Equity Alliances take care center stage Peter Pekar Jr. and Marc S. Marguli Introduction The suggested strategy for Hero cycle to enter Canada particularly British Columbia is through an acquisition strategy. Her Hero cycles intend to purchase Crown west steel fabricators so that it can get steel as a raw material reducing its costs drastically. This article briefly compares the acquisition strategy to the joint venture strategy. Acquisition strategy is opposite to that of Joint venture strategy hence using this article we will compare the advantages and disadvantages in order to analyses the benefit or harm of Hero cycles to enter the market through the acquisition strategy Discussion According to Peter and Mark when the opportunity is very large and the window time for exploitation is narrow a company needs to quickly move and form some kind of an alliance. There are ways to do so either by getting into a joint venture or acquisition or buying a stake in the company. It is considered that to be a market leader it is necessary to join hands with another company to gain power and dominance in a new market. There is also a pressure on the companies of reducing costs and gain maximum profits. Acquisition requires a huge capital and managerial resource to enter a new market. Hence this strategy is a very disadvantageous for Hero Cycles to enter the market with a huge capital. This means that it will take more time for the company to cover up the investment costs and show profits. By entering the market with an acquisition strategy, Hero cycles have an advantage of reducing its cost of purchasing steel from local manufacturers and can use that material in making their own cycles. When a company enters a new market there are a few barriers that it has to pass. They are particularly capital and managerial resources. One cannot be successful in all the markets unless he has sufficient time money and personnel, hence to enter such a market it is important to get into an alliance which are formed on shared risks and shared resources. This means that the company himself is not responsible for the upliftment or down fall of the alliance in a certain market. An alliance increases shareholders value and helps gain competitive advantage. In case of hero cycles as it is acquiring a steel manufacturing company it will not have the advantage to Acquisition Strategy
Equity Alliances take care center stage
The take-over of Siccus Solutions has given a great opportunity to generate a huge percentage of revenue.
The key financial objectives are as follows:
Based on the start-up cost given on Table 1, the initial amount of money needed to over-take the business is $545,000. Since there are four business partners, the money saved up by these four individuals have made it unnecessary to borrow or loan any money from banks, investors, etc. However, depending on the success of the business money may need to be borrowed but for the first year of running the business it is not necessary to obtain any more money. These four business men are putting all their savings into this business so the urgency in a successful business is a must.
Let us understand how business model innovation can help companies in gaining competitive edge and revenue maximization with the help of an example.
“Case of Apple Inc.”: The Company’s main business was with production of hardware especially personal computers. The company took an innovative stand and went on creating iPod and associated business downloads. Apple was the first electronic company to take this step of including music distribution as one of the activity. Apple started offering many sub activities of music downloads to its customers which was quite legal. This lead to reduction or avoidance of any incremental cost for the company while offering a new service to the customers. Rather than just adding one more hardware product to existing segment Apple decided to get into music downloads by radically transforming its existing business model which created an ongoing long term relation with his hardware customers.(IESE School of Management working paper 2010).
Shangri La’s Hotel had decided on the amount that they are going to spend for the April-June quarter. To achieve this, they had decided to go ahead with a budget that will allow them to understand the expense that they can make and the revenue that they can generate. Things didn’t work as they had planned so a proper analysis will be undertaken so that this mistake can be avoided in the future. The variations that have been seen in the report are discussed below.
There is a lot of beauty in the state of Victoria. Thus this beauty creates a very large scope of development for the tourism in the state. This has been understood by the Australian governments and there have been a lot of steps that have been undertaken to make sure that there is development of the same in the state. However there are certain issues that the tourism development in the state faces. These issues have a long term impact on the growth potential of the organization. And these issues have been discussed below:
Give an overview of the basic differences between how consumers purchase and complete business transactions, and how businesses purchase and complete business transactions?Ans1. The core function of marketing is to understand the needs of the consumers & manufacture products which satisfy their needs, wants and desires. It shall be taken into consideration that, if the needs and wants of the customers are not understood it might act as a disaster of highest order. It has been seen that, there is a difference between how consumers purchase & how businesses purchase. The consumers purchase decision follows a set pattern i.e. recognition of the problem, search for relevant information, evaluate the alternatives & take up a decision. The businesses purchase decision follows an entirely different pattern i.e. firstly, identify the need for purchase, secondly; prepare a specification list, thirdly; a detailed proposal would be provided from the suppliers, fourthly; evaluation based upon the different parameters such as price, quality, quantity, value for money & lastly; the buyer will make up their mind to purchase a particular product from a supplier after negotiating over the price, delivery days, payment terms, etc.
The definitions of Small businesses vary across the globe according to their size, stature and operations. In Australia, a small business is that one which employs less than 15 employees; in USA the no. is 250 for upper limit while in Europe it is 15. For this business paper, my pick is a small restaurant based in Sydney, named Tetsuya’s. This restaurant operates under the umbrella of food industry of Australia. Its founder Tetsuya Wakuda is one of the most reputed and influential chefs in the world (Madridfusion 2011). The restaurant itself is consistently ranked among the 50 best restaurants in the world over the years (Restaurant Magazine 2012). It’s been operating for the last 23 years with its inception back in 1989 from a Sydney suburb named Rozelle (Tetsuyas 2012).The list of key stakeholders of a small restaurant includes suppliers of food items, the bank which has granted the owner loan, staff, local authorities and finally the all important customers (Lister, J. 2012). Expectations of all these stakeholders vary significantly from each other. The bank would like the restaurant to repay the loan as quickly as possible, local authorities will expect the business to comply with all the stipulated rules and regulations of the society, suppliers will hope for good business on restaurant’s part so that demand for their supplies surge, staff would like to have good working conditions and decent pay and customers, excellent food and marvelous ambience (Evans and Sawyer 2005).