Friday, August 16, 2019
Conflict Family
Ordinary People by Judith Guest is the story of a dysfunctional family who relate to one another through a series of extensive defense mechanisms, i. e. an unconscious process whereby reality is distorted to reduce or prevent anxiety. The book opens with seventeen year old Conrad, son of upper middle-class Beth and Calvin Jarrett, home after eight months in a psychiatric hospital, there because he had attempted suicide by slashing his wrists. His mother is a meticulously orderly person who, Jared, through projection, feels despises him. She does all the right things; attending to Jared's physical needs, keeping a spotless home, plays golf and bridge with other women in her social circle, but, in her own words ââ¬Å"is an emotional crippleâ⬠. Jared's father, raised in an orphanage, seems anxious to please everyone, a commonplace reaction of individuals who, as children, experienced parental indifference or inconsistency. Though a successful tax attorney, he is jumpy around Conrad, and! , according to his wife, drinks too many martinis. Conrad seems consumed with despair. A return to normalcy, school and home-life, appear to be more than Conrad can handle. Chalk-faced, hair-hacked Conrad seems bent on perpetuating the family myth that all is well in the world. His family, after all, ââ¬Å"are people of good taste. They do not discuss a problem in the face of the problem. And, besides, there is no problem. â⬠Yet, there is not one problem in this family but two ââ¬â Conrad's suicide and the death by drowning of Conrad's older brother, Buck. Conrad eventually contacts a psychiatrist, Dr. Berger, because he feels the ââ¬Å"air is full of flying glassâ⬠and wants to feel in control. Their initial sessions together frustrate the psychiatrist because of Conrad's inability to express his feelings. Berger cajoles him into expressing his emotions by saying, ââ¬Å"That's what happens when you bury this junk, kiddo. It keeps resurfacing. Won't leave you alone. â⬠Conrad's slow but steady journey towards healing seems partially the result of cathartic revelations which purge guilt feelings regarding his brother's death and his family's denial of that death, plus the ââ¬Å"love of a good woman. Jeannine, who sings soprano to Conrad's tenorâ⬠¦ â⬠There is no doubt that Conrad is consumed with guilt, ââ¬Å"the feeling one has when one acts contrary to a role he has assumed while interacting with a significant person in his life,â⬠This guilt engenders in Conrad feelings of low self esteem. Survivors of horrible tragedies, such as the Holocaust, frequently express similar feelings of worthlessness. In his book, ââ¬Å"Against All Oddsâ⬠, William Helmreich relates how one survivor articulates a feeling of abandonment. ââ¬Å"Did I abandon them, or did they abandon me? â⬠Conrad expresses a similar thought in remembering the sequence of events when the sailboat they were on turned over. Buck soothes Conrad saying, ââ¬Å"Okay, okay. They'll be looking now, for sure, just hang on, don't get tired, promise? In an imagined conversation with his dead brother, Conrad asks, ââ¬Å"ââ¬ËMan, why'd you let go? ââ¬Ë ââ¬ËBecause I got tired. ââ¬Ë ââ¬ËThe hell! You never get tired, not before me, you don't! You tell me not to get tired, you tell me to hang on, and then you let go! ââ¬Ë ââ¬Ë! I couldn't help it. Well, screw you, then! ââ¬Ëâ⬠Conrad feels terrible anger with his brother, but cannot comfortably express that anger. His psychiatrist, after needling Conrad, asks, ââ¬Å"Are you mad? When Conrad responds that he is not mad, the psychiatrist says, ââ¬Å"Now that is a lie. You are mad as hell. â⬠Conrad asserts that, ââ¬Å"When you let yourself feel, all you feel is lousy. â⬠When his psychiatrist questions him about his relationship with his mother, Calvin says, ââ¬Å"My mother and I do not connect. Why should it bother me? My mother is a very private person. â⬠This sort of response is called, in psychological literature, ââ¬Å"rationalizationâ⬠. We see Conrad's anger and aggression is displaced, i. e. vented on another, as when he physically attacked a schoolmate. Yet, he also turns his anger on himself and expresses in extreme and dangerous depression and guilt. ââ¬Å"Guilt is a normal emotion felt by most people, but among survivors it takes on special meaning. Most feel guilty about the death of loved ones whom they feel they could have, or should have, saved. Some feel guilty about situations in which they behaved selfishly (Conrad held on to the boat even after his brother let go), even if there was no other way to survive. In answer to a query from his psychiatrist on when he last got really mad, Conrad responds, ââ¬Å"When it comes, there's always too much of it. I don't know how to handle it. â⬠When Conrad is finally able to express his anger, Berger, the psychiatrist says to Calvin, ââ¬Å"Razoring is anger; self-mutilation is anger. So this is a good sign; turning his anger outward at last. â⬠Because his family, and especially his mother, frowns upon public displays of emotion, Conrad keeps his feelings bottled up, which further contributes to depression. Encyclopedia Britannica, in explicating the dynamics of depression states, ââ¬Å"Upon close study, the attacks on the self are revealed to be unconscious expressions of disappointment and anger toward another person, or even a circumstanceâ⬠¦ deflected from their real direction onto the self. The aggression, therefore, directed toward the outside world is turned against the self. â⬠The article further asserts that, ââ¬Å"There are three cardinal psychodynamic considerations in depression: (1) a deep sense of loss of what is loved or valued, which may be a person, a thing or even liberty; (2) a conflict of mixed feelings of love and hatred toward what is loved or highly valued; (3) a heightened overcritical concern with the self. â⬠Conrad's parents are also busily engaged in the business of denial. Calvin, Conrad's father, says, ââ¬Å"Don't worry. Everything is all right. By his own admission, he drinks too much, ââ¬Å"because drinking helpsâ⬠¦ , deadening the painâ⬠. Calvin cannot tolerate conflict. Things must go smoothly. ââ¬Å"Everything is jello and pudding with you, Dad. â⬠Calvin, the orphan says, ââ¬Å"Grief is ugly. It is something to be afraid of, to get rid ofâ⬠. ââ¬Å"Safety and order. Definitely the priorities of his life. He constantly questions himself as to whether or not he is a good father. ââ¬Å"What is fatherhood, anyway? â⬠Beth, Conrad's mother, is very self-possessed. She appears to have a highly developed super-ego, that part of an individual's personality which is ââ¬Å"moralisticâ⬠¦ , meeting the demands of social convention, which can be irrational in requiring certain behaviors in spite of reason, convenience and common senseâ⬠. She is furthermore, a perfectionist. ââ¬Å"Everything had to be perfect, never mind the impossible hardship it worked on her, on them all. â⬠Conrad is not unlike his mother. He is an overachiever, an ââ¬Å"Aâ⬠student, on the swim team and a list-maker. His father tells the psychiatrist, ââ¬Å"I see her not being able to forgive him. For surviving, maybe. No, that's not it, for being too much like her. â⬠A psychoanalyst might call her anal retentive. Someone who is ââ¬Å"fixated symbolically in orderliness and a tendency toward perfectionismâ⬠. ââ¬Å"Excessive self-control, not expressing feelings, guards against anxiety by controlling any expression of emotion and denying emotional investment in a t! hing or person. ââ¬Å"She had not cried at the funeralâ⬠¦. She and Conrad had been strong and calm throughout. The message of the book is contained in Berger's glib saying that, ââ¬Å"People who keep stiff upper lips find that it's damn hard to smileâ⬠. We see Conrad moving toward recovery and the successful management of his stage of development, as articulated by Erikson, ââ¬Å"intimacy vs. isolationâ⬠. At story end, his father is more open with Conrad, moving closer to him, while his mother goes off on her own to work out her issues. Both trying to realize congruence in their development stage (Erikson), ââ¬Å"ego integrity vs. despairâ⬠.
Thursday, August 15, 2019
The Changing Role of Budget and Organizational Structure
1.1 BudgetBudget is one of common things that used in day-to-day life, but in accounting position, budget is one of managerial accounting tools to assist directors to pull off good companies through the manner of accounting itself. Based on day-to-day position, budget can be defined as figure of disbursals or addition that reserved by person, through calculating the possibility the sum of money. Through direction accounting position, Drury ( 2008 ) , define budget as elaborate programs for organizing and program of action for assorted activities in the hereafter. Harmonizing to Rajasekaran ( 2010 ) , budget is fiscal programs for the future actions, or it can be defined as future programs that expressed in pecuniary footings. Other than that, CIMA nomenclature ( 2005 ) defines budgeting as the procedure of create, implement and run the budget until the terminal of the budget period.Changing Role of Budget and Organizational StructureAs the changing of environment from industrial ages to information ages, the function of direction accounting was altering either. This means that budget as one of direction accounting tools is altering in return. Changing function of budget can be seen from the psychological science position. Budget was used non merely as planning and control tools for a company, but besides as motivational consequence for the workers, even from different organisational degree ( Parker D.L. , 2002, Hoque, 2003, Birnberg J. G. , Luft J. , Shields M. D. , 2007 ) . This motive might assist workers and company to run into the end congruity and the best public presentation of both workers and company. Some research workers besides link the so called relationship with another function, which is information sharing between superior and subsidiaries. Another function of budget in sharing the information to the subsidiaries might increase the public presentation of single worker ( Chong V. and Kar M. C. , 2002, Parker J. and Kyj L. , 2006, Leach-Lopez M. , Stammerjohan W. and McNair F. M. , 2007, Heath R. and Brown J. , 2007, Su J. T. and Lin W.L, 2007 ) , since they have adequate information related to the occupation itself. Besides, non merely function of budget, but besides the formation of organisational construction, that changed due to environmental alterations. Parker D. L. ( 2002 ) stated that most of companies are traveling to more flexible signifier of organisational construction. Decision-making and budgeting procedure within companies are developing with decentralized and participatory direction manner. This means that workers at different degree of organisational hierarchy can impact the determination in the company, although the power in engagement might be differ for each degree of hierarchy. This can be seen from the research of Majovski I.P. ( 2007 ) , about the direction manner in northern Europe. The consequence proven that most of companies in the part are implementing the flexible and decentralised direction manner.Budget Process ApproachThe alterations in direction manner might impact the degree of engagement of the budgeting procedure attack in return. Harmonizing to Drury ( 2008 ) , in puting up budget there are three ( 3 ) attack of engagement degree, there are top-down budget, bottom-up budget, and blended attack. Top-down budget is the budget scene that has no or less influence participatory by the subsidiaries or budgetees. Imposed budget is normally used to replace the name of top-down budget. Besides, the low degree directions besides have low power in the engagement and involved in the computations of budget for the top direction. Top-down budget has one chief advantage, which top direction can ever guarantee the end congruity and scheme alliance with the operation. Other than that, top-down budget can cut down the complexness and time-consuming of budgeting procedure. On contrary, it has disadvantages to the budgetee, for illustration, if the budget degree is excessively high and impossible to accomplish, the workers can be de-motivated and create inauspicious public presentation. Disadvantages might besides impact the organisation as a whole, for illustration if the budget degree is excessively easy to achieve, the worker can handle the budget as a box-ticking. Bottom-up budget is the budget scene procedure that allows full engagement from operational degree. Participatory budget is used for replacing the name of bottom-up budget. Normally, top direction give a general budget guideline for the lower director and subsidiaries, so the flows of budget scene development will be started from the lowest degree. Information will be gathered and grouped along the manner to the higher-level director until approved by both of top direction and budget commission. Bottom-up budget may incur extremely complexness and time-consuming for the overall budget scene procedure. Therefore, it might guarantee the committedness of all degree of company ââ¬Ës worker. The last attack is the blended attack, which is combination of both imposed budget and participatory budget. This blended attack normally called as negotiated budget. This attack starts with the puting up the fiscal public presentation aim by the top direction and it will be distributed down to lower-level workers. Then, runing directors might roll up informations and make the budget based on the aim every bit good as the lower-level workers. After the budget created, it will be reviewed by top direction to make up one's mind whether the budget is appropriate and approved. This attack might be insistent, if the budget disapproved by top direction until the concluding credence of budget is reached. Negotiated budget might give the budgetee to work hand in glove and within the end congruity of the company. Slack in budget besides can be reduced, due to the appropriate degree of the budget. This attack requires extremely engineering environment companies in puting up the budget.Problem StatementTraditional budgeting is a common pattern in the corporate universeResearch workers are reasoning about the rightness of budget in the current environment in information ages. Hope & A ; Fraser ( 2003 ) argue the utility of budget in the current environment state of affairs. They suggest that budget should be abolished and supersedes by another type of managerial accounting tools, viz. beyond budgeting. Thus, based on explorative surveies from several parts around the universe, traditional direction accounting tools are still adopted by bulk of companies. The grounds of the use of traditional tools like budgeting are due to the higher benefit, simpleness, exchanging cost, and so on ( Pavlatos O. & A ; Paggios I. , 2009, Libby T. , Lindsay M. R. , 2009, Uyar A. , Bilgin N. , 2010 ) . Due to the study of those research workers, it means that budgeting is still implemented and adopted in the current environment today, although the function of it could be changed. Problem arises within the organisation to in puting up the budget degree to the lower director until the operational degree in the hierarchy. Research workers and theoretician in direction accounting are reasoning each other about the engagement in puting up budgets in impacting motive of the workers every bit good as the sharing of information. Company ââ¬Ës directions are besides seeking the best attack in the execution of the budget to actuate and accomplish the best public presentation of all workers and directors in every degree of organisation.Most of research in engagement in budget scene with public presentation done in developed statesBased on one of literatures that have been reviewed, Leach-Lopez M. , Stammerjohan W. and Kyoo S.L. , ( 2007 ) , conclude that there is positive relationship between budget engagement on public presentation ( Brownell P. and McIness M. , 1986, Kren, 1992, Kennis I. , 1979, Searfoss A. and Monczka R. , 1973 ) . Leach-Lopez et Al. ( 2007 ) has done this research in different range and samples. The first research range on the Korean directors in US companies and the 2nd research range on the Mexican directors in US companies. In contrast, the former research merely uses the job-relevant information, whereas the latter research uses both job-relevant information and occupation satisfaction as intervening variables. Even though there were so many researches about the relationship between those two, Brownell P. and McIness M. , ( 1986 ) argue that there is no specific proving on this country, although most of the researches give the same relationship.Incompatibility found in the intervening function of motive between the relationship between budget engagement on public presentationSeveral research workers in the old surveies besides found the positive relationship between budget engagement on public presentation through motive ( Merchant K. 1981, Kennis I. , 1979, Searfoss A. and Monczka R. , 1973 ) . Other than that, Browne ll P. and McIness M. , ( 1986 ) did non happen any relationship between the budget engagement with public presentation through motive variable. Kren L. ( 1992 ) besides supports this statement through her research. After Kren ââ¬Ës survey, there are several research workers ( Parker J. and Kyj L. 2006, Wong B. , Guo L. and Lui G. 2010, Eker M. , 2006, Chong V. and Kar M. C. , 2002 ) , who try to concentrate on this relationship. The consequence from old researches found an incompatibility of the motive as step ining variable.Result spread in the relationship of job-relevant information as step ining function between budget engagement on public presentationIncompatibilities besides found in the function of information sharing through job-relevant information that found in several literatures. Some research workers based on their findings shows that the consequence on job-relevant information in the relation between budget engagement with public presentation is non excessively impo rtant. Thus, some said it might give bravery for the workers to execute good in the plants. Analyze on this country, motive and information sharing, might be required in order to see the cogency of the old surveies.Research QuestionMost of the researches have been done in the US, there is no important research about this country in Asia part. In order to see the old findings in this country, this research will scope in the Asiatic part, peculiarly South-East Asia part, although some factors are impacting in this surveies, for illustration the difference in civilization, life style, communicating, and so on. Therefore these are chief two inquiries driven from this survey: Is there any relationship between engagement of budget on public presentation within Asiatic workers? Is there any relationship between budget engagement with public presentation through motive? Is there any relationship between budget engagement with public presentation through information sharing? Make the consequence of past researches still valid for current environment?Aim of StudyTo cognize whether is at that place any relationship between budget engagement with public presentation within Asiatic workers. To find relationship between budget engagement on public presentation through motive. To find relationship between budget engagement on public presentation through information sharing. To compare the consequence of current research with past researches.Significance of StudyThis survey will give part to concern practicians, particularly top direction of company to put up whether to give power to lower-level workers in engagement on budget scene. Therefore, appropriate degree of engagement and budget degree can be met in the operation, so that company and workers could work in line with the end congruity of the company to accomplish better public presentation. Management will besides cognize the specific relationship of motive and information sharing as step ining variable in the significance with public presentation. Therefore, directors can take whether to use the budget engagement in budget scene or non. Other than that, this survey besides can convey part to academician on the country of behavioural accounting in pattern. Through this research, academicians can see whether the theories on books and other literatures can be applied in Asia part, with other factors impacting the human resource itself.Outline of DissertationThis thesis will be divided into five ( 5 ) chief chapters: Introduction, Literature Review, Methodology, Findings & A ; Analysis, in conclusion Conclusion and Recommendations.Chapter One ââ¬â IntroductionIntroduction gives reader about overview of current issue in budgeting, the changing of environment that affect function of budgeting and organisational construction in the common concern pattern today. Problems that developed under new function of budgeting are assessed through some literatures. Research inquiries and aims of surveies built in this chapter besides. In the terminal, significance of surveies will be given, to guarantee that this survey contribut es for specific readers.Chapter Two ââ¬â Literature ReappraisalIn this chapter, literatures from old researches will be assessed in order to give clear image about the specific issue that happened. The issue about the behavioral budget, motive, will be explained in item, along with the relationship with other independent variables. Each of literature will be reviewed in item from its methodological analysis, informations, analysis, consequence, and decisions.Chapter Three ââ¬â MethodologyIn this chapter, elaborate method in developing this survey will be explained in item, from type of informations, population, samples, instrument, measuring, hypothesis and the informations analysis program.Chapter Four ââ¬â Data Analysis, Results & A ; DiscussionData collected will be analyzed with the statistical bundle for societal scientific discipline ( SPSS ) . The consequence from analysis will be discussed exhaustively.Chapter Five ââ¬â Conclusions & A ; RecommendationsThis l ast chapter will reason all the findings and treatment between the consequences that gathered in informations aggregation. Restriction of the survey will be given, along with the recommendation for other research workers. Future research countries, which non covered in this survey, will be given either.Chapter 2LITERATURE REVIEWThis chapter will depict all the literature gathered under the budget engagement, information sharing, motive and public presentation, along with its relationship from the past researches. Number of research under this country, budget engagement with public presentation has been done in the past clip, during the twentieth century ( Merchant K. 1981, Kennis I. , 1979, Searfoss A. and Monczka R. , 1973, Brownell P. and McIness M. , 1986 and Kren L. 1992 ) . But still, so many research workers replicates those surveies, but with different step ining variables, measuring every bit good as informations analysis. This literature reappraisal consists of three ( 2 ) sub-titles, viz. : Budget Participation on Performance through and Budget Participation on Motivation and Performance through Information Sharing. In the last portion of this chapter, decision and theoretical model of this survey will be provided.Relationship between Budget Participation on Performance through MotivationNumber of literatures found in this country is from the past old surveies and less figure of research worker that focal point in this country. Based on literature found, Searfoss D. and Monczka R. ( 1973 ) do this research to analyze the relationship of budget engagement with the motive of the budgetee to courage the public presentation, along with other step ining variables, need for independency and authorianism. This survey uses the primary informations based on questionnaire that distributed to 365 samples with different degrees of workers and directors. Result found that there is a positive relationship between budget engagement on motive. Positive relationship besides found in the organisational place or degree with the degree of budget engagement. But, there is no relationship between other two step ining variables from the findings of the research. Kennis I. ( 1979 ) supports the old research on this country, by keeping the research about the budget engagement, lucidity, feedback, attitudes, and self-rated public presentation between 169 operational directors through questionnaire. Result found that engagement in the budget scene could give the motivational consequence to the workers to accomplish better public presentation. Merchant K. ( 1981 ) has done research to analyze the difference in the budgeting system sing to corporate size, diverseness and decentalisation to be related with motive and attitude toward the budget. Sample size of 170 directors from the companies is collected and responded the questionnaire. Result found that size of corporate give different consequence for each of relationship of the variables. But, by and large positive relationship is found between the engagement toward the attitude of the budget. Eker M. ( 2006 ) established the extend survey of budget engagement on public presentation, with the step ining variable of organisational committedness. Convenience sampling is chosen to pick the samples of 150 companies between top 500 companies in Turkey. Companies were sent a questionnaire consist of three measuring of those variables. The informations were analyzed by utilizing correlativity analysis, factor analysis, multiple arrested development analysis and t-test. Result found that, organisational committedness is a important step ining variable between the relationships of budget engagement with the managerial public presentation. Chong V. and Kar M. C. ( 2002 ) conduct the survey within the directors in Australian companies to analyze the relationship between budget engagement and public presentation, with budget committedness and job-relevant information as intervening variables. Samples of 84 directors were asked to make full up the questionnaire and informations were collected. Result found that, budget engagement can heighten the motive in perpetrating the budget. It besides gives the informational consequence to heighten the job-relevant information to back up the public presentation in the terminal. It supports the past surveies about the double function of budget engagement. The former is motivational effects and the latter is informational consequence. Wong B. , Guo L. and Lui G. ( 2010 ) use the self-government theory ( SDT ) as their footing of research. SDT suggest that engagement needed in the budgeting procedure for the interest of motive, morale, public presentation and occupation satisfaction. In this survey, motive divided into several types, intrinsic, extrinsic, independent and controlled motive. Study has been done in Hongkong by sample size of 101 bank directors through voluntary seminar and questionnaire. Result found that through engagement in budgeting public presentation in the occupation can be increased. On contrary, Brown and McIness ( 1986 ) , did non happen the same thing like above. Through the empirical survey within 224 middle-level directors in Australia, they did non happen any strong relationship between these two variables. Kren L. ( 1992 ) examined the relationship about those variables with other step ining variables in the research. By carry oning interview 80 directors of 500 top companies in USA. She found that there was unobvious relationship between public presentations through motive of budget. Therefore, relationship between budget engagement has positive relationship with public presentation itself. Parker J. and Kyj L. ( 2006 ) develop the survey of the relationship between the budget engagement with public presentation, with the perpendicular information sharing theoretical account between supervisors with subsidiaries in the budgeting procedure. Other than information sharing, organisational committedness and function ambiguity were tested in this survey as step ining variables. Data aggregation within sample size of 70 directors with subsidiaries has been done through questionnaire. The informations were tested with the way analysis with a consequence of the important relationship between the budgetary engagement with public presentation, through step ining variable of information sharing. Other step ining variables were found non important with the chief variables.Relationship between Budget Participation on Performance through Information SharingChong V. and Kar M. C. ( 2002 ) in the same survey like explained in the old sub-chapter were reasoning that the budget engagemen t through information sharing of job-relevant information might assist the subsidiaries to work good and accomplish better public presentation. Parker J. and Kyj L. ( 2006 ) in the surveies like explained in the old sub-chapter besides examine the informational sharing consequence of job-relevant information in the budget engagement that could increase the public presentation of the worker that can non be found in the other intervening variables. Leach-Lopez M. , Stammerjohan W. and McNair F. M. ( 2007 ) follows and spread out Kren L. ( 1992 ) past surveies on this country. They distinguish the consequence of the budget engagement with public presentation straight and indirectly. Other than that, other step ining variables, occupation relevant information and occupation satisfaction, besides introduced here. The survey conducted within 143 Mexican and American mid-managers in US companies. The analysis was utilizing the past research workers theoretical account, like way theoretical account correlativity, t-test, robustness trial and p-value trial. Findingss show that, there is strong relationship between public presentations in budget engagement. The difference that the writers research than the past researches is the causal mechanism that associating those two variables. The intervening variables, job-relevant information that affects the relationship between independent and dependent variables is alterations with the degre e of bilingual ability of the Mexican directors. However, another step ining variable, occupation satisfaction did non give a important relation with those variables. Leach-Lopez M. , Stammerjohan W. and Kyoo S. L. ( 2007 ) survey is a reproduction of the surveies of old literature by Leach-Lopez M. , Stammerjohan W. and McNair F. M. ( 2007 ) with the same variables and informations analysis in the surveies. The difference in this survey is the samples, by utilizing Korean directors in the US companies, respondents of 71 directors respond for the questionnaire. The findings show the same things as old research, but causal mechanism in the intervening variables is different with the past samples. In this survey, consequence shows that there is important function of the occupation satisfaction as step ining variable between budget engagement with public presentation between Korean directors. Heath R. and Brown J. ( 2007 ) conducted an drawn-out survey from old research Kren L. ( 1992 ) within 259 workers through questionnaire to analyze the relationship between budget engagement with personal public presentation. But, they manage to associate other variables, job-relevant information and self-efficacy, as step ining variable. Arrested development analysis, coefficient analysis every bit good as t-test have been done for the analysis of the information gathered. Result found that, all those variables are related each other with positive relationship within all degrees of direction in the organisation. Su J. T. and Lin W.L ( 2007 ) clears the spread of the incompatibility in several accounting literatures about the consequence of public presentation in the budget engagement with step ining variable, information dissymmetry. This survey was held in Taiwan, with a sample size of 168 employees, through questionnaire. Path analysis and correlativity analysis used for analysing the information of the respondents. Based on the findings, the past surveies about the positive relationship between budget engagement on public presentation were proven. Information dissymmetry besides establishes positive relationship as an intervening variable. If the variable is present, public presentation will increase and frailty versa. Adler R. W. and Reid J. ( 2008 ) survey about the wider range of the consequence of non merely the budget engagement, but besides leading manner on occupation public presentation and satisfaction. Through questionnaire, 40 middle-level director in New-Zealand companies answer the inquiry. Consequence after the information analysis of dependability testing and stepwise arrested development shows that there is relationship between all variables that tested. However, the leading manner shows no relationship as chairing variable with the occupation public presentation of the worker.DecisionMajority of the past researches done by making cross-sectional surveies in this country, so causal relationship can non be found in all of the surveies. This is could be the unfavorable judgments that occur in the survey. Low generalizability besides being an restriction on the survey. Since most of the surveies about the relationship between engagement in budget scene on public presentation have been done in USA and give the same consequence, survey in the other part might be needed to research in other part. Other than that, information sharing and motive as an intervening variable could be needed answer the incompatibilities in the past surveies.Theoretical ModelBased on the past literatures, theoretical model between the variables in the survey can be developed as a diagram as follows: Engagement in budgeting procedure as independent variable will impact positively to public presentation as dependent variable. Motivation could work as step ining variable in this model. From the past findings, motive that related by engagement in budget procedure can impact positively to the public presentation. But still, some research workers found different consequence in the survey. Motivation in this survey can be in signifier of budget committedness. Other than that, function of budget engagement as information sharing could be in signifier of job-relevant information, merely like the old surveies. A spread was found in this function of engagement in budgeting, nevertheless most of research workers treat the job-relevant information as a positive related with the public presentation.
Wednesday, August 14, 2019
Creation and Aspects of a Product Plan
INTRODUCTION Origin of the Report As we are doing Marketing Management, our course instructor Prof. Dr. Mijanur Rahman has instructed us to prepare a paper on the product plan. Purpose â⬠¢ To get a clear concept how to make the product plan â⬠¢ To acquire knowledge how to make mission, vision, marketing mix etc. Limitations 1. We did not collect the current information related with our product. 2. We had to give lot of times to collect information about competitors, market situation because enough information not available. Research Methodology Secondary: â⬠¢ Internet: www. google. com , www. ekipidia . com, Source: thedailystar. net â⬠¢ Other: Collected information from marketing report, magazines, running newspaper. 1:00 CURRENT MARKET SITUATION Today the chips market is dominated by Potato Crackers, Mr. Twist, Meridian, Cheese Ball, Layââ¬â¢s, Sun Chips and other chips. We find out that, there is no high quality chip which is suitable for children health. But we found much normal category chips. Our product quality is more high comparative to the other competitors, because our main ingredients is Mushroom which is totally new flavor and taste and also work against for the cancer.So itââ¬â¢s a big gap that we find out. Our new chips has been received a new market challenge to cope with them. At the very beginning, our sale will be low, profit will also be little. We hope that we will be able to get the first mover advantage, because there is no such product especially for children health. 1. Market Description: We know, the market means potential customers of a product or service. Bangladesh is a highly populated country. The birth rate is very high . As a result the children rate is also very high. We are not producing our product not only for children but also for teenagers, young generation.So our total target market is very large. Market demands of market will also increasing as much we can position in our customers mind. (All this f igure are estimated depending on class and age to have an idea about demand on chips on this variables) This is our target market. We want to target children as well as young people of middle and higher class of people. We are not eliminating lower class people but first we want to create demand for our product then we will try to reduce our product price and serve to all class of people. 2. Product review:The product quality is more high comparative to the other competitors, because our main ingredients is Mushroom which is totally new flavor and taste and also work against for the cancer. It is suitable for children health. It is highly reached by Protein-15. 53%, Fat-20%,Saturated fat-1. 42%, Carbohidrated-2. 45%, Sugar-2. 40%, Energy-100gm, Colastrol-0%, Sodiam-. 64%, which is very much essential for specially kids and young age people. 1. 3 Price: Price levels are set for launching our product for our targeted customers. 4. Sales:We want to produce 960000 of products in our fir st step of production. Depending on increasing demand rate, we will increase our production rate over a month. Every year, we will increase our 10% of production. We will observe the sales and satisfaction levels of our customers through our sales representatives. Our Product will sale only in Urban and town side areas of Bangladesh, thatââ¬â¢s why we are not distributing and sales product in rural areas because our price level is bit high. After increasing our product demand and sales, we will try to reduce our cost of production.As a result, we reduce our product price and distributed in rural areas in Bangladesh. 5. Gross margin: We have a great competition in our market. 1st year; we want to create huge demand by good quality advertisement and promotional activities to create position in our customers mind. As a result, we expected low gross margin for 1st year, it will be just cover the fixed asset. 2nd year, we will try to sale more and more and reduce the cost of goods sol d. It will increase our gross margin. 1. 6 Profit: We expected earning profit within 2 years.Before that we will try to cover our fixed costs and make break even points of sales. 1. 6 Distribution review: Factory Warehouse Divisional warehouse Salesman Retailer Customer â⬠¢ Our factory situated at Tongi in Gazipur. After producing our products it will store in our own warehouse Mirpur. â⬠¢ From this warehouse products are distributed 6 divisions by our own transport and then storing these goods in divisional warehouse. â⬠¢ Then our trained salesman distributes our products in the market to the retailer. And finally retailers sell it to the ultimate customer. 1. 7 Competitive Review: 1. 7. 1 Potato Crackers: Potato Crackers is a very popular snack prepared with combination of wheat, starch together with potato. It is a light, crispy snack and less oily. It has an average food value and is available with spicy tomato flavor. Ingredients: Potato Powder, Potato Starch, Wheat flour, Refined Vegetable Oil and Seasoning. 1. 7. 2 Cheese Ball: |à |Cheese Ball is an extruded product made from corn and rice and coated with rich cheese powder.It is superb in taste and | | |something to be enjoyed all the time. | | |Ingredients: Corn, Rice, Salt, Vegetable Oil, Cheese Powder & Seasoning. | 1. 7. 3 Mr. Twist: Mr. Twist is especially attractive to youngsters. This potato based snack has a certain amount of modified or native starch to give it a beautiful twisty shape and fine texture. Available with tomato paprika flavor. Ingredients: Potato Powder, Modified Potato starch, Native Potato starch, Refined Vegetable Oil and seasoning. 1. 7. 4 Meridian Chips: Meridian Chips is especially attractive to all people.Total annual sales below US$1 Million. Export percentage 1% ââ¬â 10% per year. 1. 7. 5 Layââ¬â¢s: Layââ¬â¢s is the brand name for a number of potato chip (crisps) varieties as well as the name of the company that founded the chip brand in 1932. Lay 's chips have been marketed as a division of Frito-Lay, a company owned by PepsiCo since 1965. Other brands in the Frito-Lay group include Fritos, Doritos, Ruffles, Cheetos, Rold Gold pretzels, and Sun Chips. | | | 2. 00 SWOT ANALYSIS:SWOT analysis is an important tool for auditing the overall strategic position of a business and its environment. SWOT is an abbreviation for Strengths, Weaknesses, Opportunities and Threats. Opportunities and threats are external factors. For example, an opportunity could be a developing distribution channel such as the Internet, or changing consumer lifestyles that potentially increase demand for a company's products. A threat could be a new competitor in an important existing market or a technological change that makes existing products potentially obsolete. Strength: |Weakness: | |[pic] Technological skills |[pic] New company | |[pic] Distribution channels |[pic] Absence of importer skills | |[pic] Product quality |[pic] Unreliable product | |[pic] Value delivery network |[pic] Financial problem | |Opportunity: |Threats: | |[pic] Changing customer taste |[pic] Changes in government politics | |[pic] Technological advances |[pic] Acceptance the product | |[pic] Changes in government politics |[pic] Competitor rate high | |[pic] Availability of raw materials |[pic] Strict rules and regulation | 2. 1 Strength: [pic]Without any touch of hand the product is made because of development of technological skills. [pic] There are another strength of the company is distribution channels. Our distribution channel is very strong; relation of the supplier and resellers is very strong. pic]The product quality is more high comparative to the other competitors, because our main ingredients is Mushroom which is totally new flavor and taste and also work against for the cancer. [pic]Because of our good relationship with supplier, reseller and for the good transportation facility our sale will be definitely increases. Our value delivery Network is in strong position. We are having good relationships with our suppliers for a longer period of time. 2. 2 Weakness: [pic] Although the company is new, it has not established a brand or images in the market place this is the weakness for the product popularity. [pic] Because of the new product and company importer skills are absence here thatââ¬â¢s why we canââ¬â¢t includes any internal facilities. pic] For the first time the mushroom is exit in the market thatââ¬â¢s why people canââ¬â¢t properly reliable to the product quality. [pic] Financial problem is another weakness of the company like what will be the price Cost and investment. [pic] Quality of the Mushroom is not up to mark. 2. 3 Opportunity: [pic]Itââ¬â¢s an available product but of the new version of taste and quality create a new change of the customer taste. [pic]For the technological changes and advances itââ¬â¢s easier to give any information and promotional activities to know the product popularit y to the people. [pic]If the government changes politics then it will be easy to access the product to the market. pic]Availability of the raw materials is increasing day by day which is help to produce more products. 2. 4 Threats: [pic]If government is increase the taxes and the political issues are not favor then it will be the threats for the company. [pic]The product may not be accepted to the people then it will be the great threats for the company. [pic]The product competitor rate is very high thatââ¬â¢s why sometimes we are facing many competing problem, which can be a threats of the company [pic]Company establishment rules and regulation is strict thatââ¬â¢s why sometimes to take any easy decisions are create complicated situations. Adjustment of opportunities and threat: The usefulness of SWOT analysis is not limited to profit-seeking organizations.SWOT analysis may be used in any decision-making situation when a desired objective has been defined. If the raw material s are available to the market then the cost of the raw materials will be reduced then we can produce more product in minimum price, and if the government politics are favor then the supply of the product and the transportation cost will be reduced. These products have new taste and a new ingredient which is changes the customer taste. We have to overcome the threats. If the product is not the accepted to the peoples, then we have to increase our promotional activities to attract the peoples and create more differentiations better than our competitors. 3. 0 OBJECTIVES AND ISSUES 3. 1 Financial objectives: Achieve first year total sales revenue of Tk. 48,00000, based on average price of Tk. 14 per unit. But first three month we cannot achieve any profit because in that time we invest lot of money for sales promotion campaigns, electronic trade show, provide mini pack sample to the selected customer. â⬠¢ Produce net profits of Tk. 9,60000 next year with a target profit margin of 20 percent on total sales. â⬠¢ Marinating a significant research and development budget. â⬠¢ Increasing production level each month by 1 % â⬠¢ Investing more in Cultivation Of mushrooms. â⬠¢ Establish 3 Big factory for producing large amount of product 3. 2 Marketing Objectives: Achieve a first year unit sales volume of 1,15,20,000 which represents a projected market share of 10 percent with one type in product line. â⬠¢ Increase second year share to 15 percent, based on sales of three types in product line. â⬠¢ Generate 30 percent brand awareness within the consumer target market and 40 percent brand awareness within the business target market by end of next year. â⬠¢ We want to be no. 1 Chips Company in Bangladesh. â⬠¢ After one month, we are collecting our sales review and satisfaction level of our customers. â⬠¢ Diversification in our product line. â⬠¢ We want to create social value for position in customers mind. 3. 3 Issues Our new brand o f chip that is Mushroom chips is completely unknown into the existing market.So, our major issue is to establish a well-regarded brand name linked to a meaningful positioning. We will have to invest heavily in marketing to create an excellent, distinctive brand image projecting innovation, quality, and value. We also must measure awareness and response so that we can adjust our marketing efforts if necessary. 4. 0 MARKETING STRATEGY 4. 1 Market segmentation: Geographic: divisions and district town side areas such as Dhaka, chittagoan, Rajshahi, Sylhet, Barishal, Khulna . Dhaka ââ¬â (gazipur district -town side) Demographic: Age-5-12, 12-18, 18-24, 24 to others and higher class, middle class of people. Product related: â⬠¢ Regular customers â⬠¢ Irregular Customers â⬠¢ Negative customers 2.Target market: â⬠¢ Children â⬠¢ Young people â⬠¢ People Middle class and higher class â⬠¢ urban areas people 4. 3 Positioning: To children, young people, chips custom ers who are seeking for delicious taste with nutrition . Mushroom chips contains mushroom that gives you taste with good nutrition because it has the highest level of Protein-15. 53%, Fat-20%, Saturated fat-1. 42%, Carbohidrated-2. 45%, Sugar-2. 40%, Energy-100gm, Colastrol-0%, Sodiam-. 64% 4. 4 Differentiation: Mushrooms are good sources nutrition and this is our main ingredients. Top of Form Bottom of Form 4. 5 Marketing mix: Marketing mix consist of four basic things which is known as ââ¬Å"four Psâ⬠: roduct, price, place, promotion under the consideration of our product (Mushroom Chips) These four Ps are specified as 4. 5. 1 Product: The Mushroom chips, including all the features described in the product review section. The product is very healthy and a better quality compare to our competitors. Mushroom Chips (Burke) Recipe By : Cooking with David Burke Serving Size: 4 Preparation Time: 0:00 Categories : Amount Measure Ingredient ââ¬â Preparation Method ââ¬âââ¬â ââ¬â ââ¬âââ¬âââ¬âââ¬â ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â 1 pound large white mushrooms Or Portobello mushrooms 2 cups clarified butter OR vegetable oilCoarse salt OR kosher salt ââ¬â to taste Quality that we are first assure in our product. It is highly reached by Protein-15. 53%, Fat-20%,Saturated fat-1. 42%, Carbohidrated-2. 45%, Sugar-2. 40%, Energy-100gm, Colastrol-0%, Sodiam-. 64%, which is very much essential for specially kids and young age people. Each and every process of the production is done by automatic machine. Design is the factor that will often give a company its competitive edge. It is the totality of features that affect how a product looks and functions in term of customer requirements. Feature leads to the materials which are used in production for making the product. ââ¬ËRegal industries used Mushroom powder, Mushroom starch, and Wheat flour, Refine vegetable oil, Seasoning and P otato powder for producing the chips. The top management of the Regal Industries has decided to give a brand name to new product as ââ¬Å"Mushroom Chipsâ⬠. Packaging which gives an extra attractiveness to any particular product. Thatââ¬â¢s why we also design a packet for ââ¬Å"Mushroom Chipsâ⬠. The whole packaging process will be done without any kind of hand touch in an automatic machine. 4. 5. 2 Price: ââ¬Å"The Regal mushroom chipsâ⬠will be introduced at tk. 14 wholesale and tk. 15 estimated retail price per unit. We know that the price is much higher than the other Chip present in the market but it will give a high quality.We expect to lower the price of packets within few months. Because of the first time at market the company would like to give some discount to the retailers which will make them some profit. The company is also giving some credit terms facilities to their wholesaler and retailers. 4. 5. 3 Promotion: The management of Regal Industries has budgeted tk. 1,80,000. 00 for their advertising and promotion activities for per month. As a new product in the market it needs huge amount of advertising and promotion activities to tell the consumer about the product and its features. For that reason management decide to go for more fancy advertise in Television, Radio, Billboards, and Web site and in News paper.The policy makers has decide to offer different types of popular cartoon and super hero characters stickers and tutus with per packet of Regal Mushroom chips for Childs and purchase intensive to the wholesale and retail for sell promotion. By organizing Charity concert, Open concert, Sports tournament, Reality shows etc; Regal Industries would like to build a good relation whit people in near future. 4. 5. 4 Place: At the very beginning Regal Mushroom Chips will distribute to the town area of 6 divisions across the country with companies own transport system. By considering the future demand it has planned to distribute in the whole country area.For unexpected future demand it always kept sufficient amount of inventories in its own warehouse. 4. 6 Marketing Communication Strategy: By integrating all messages in all media, we will reinforce the brand name and the main points of product differentiation. Research about media consumption patterns will help our advertising agency choose appropriate media and timing to reach prospects before and during product introduction. The agency will also coordinate public relations efforts to build the brand and support the differentiation message. To attract, retain, and motivate channel partners for a push strategy, we will use trade sales promotions and personal selling to channel partners.Until the brand has been established, our communications will encourage purchases through channel partners. Our distribution channel is quite different from other chips because our main target consumers are the upper class and upper middle class people, who are Not usually conc erned about the television advertisement because they are more cautious about the product quality. 4. 7 Marketing Research: Using research, we are identifying the specific features and benefits that our target segments value. Feedback from market tests, surveys, and focus groups will help us develop the ââ¬Å"Regal Mushroom Chipsâ⬠brand. We are also measuring and analyzing customersââ¬â¢ attitudes toward competing brands and products.Brand awareness research will help us determine the effectiveness and efficiency of our messages and media. Finally, we will use customer satisfaction studies to gauge market reaction. 4. 8 Marketing Organization: Chief marketing officer holds overall responsibility of all the companies marketing activities. Company has also three top level manager for advertisement department , sales department and promotion department . And under sales manager company has six divisional sales manager . They are responsible for divisional sales increasing. Ma rketing Organization Abdur Rahman Chief Marketing Officer 5. 0 ACTION PROGRAM Our company ââ¬Å"Regal Companyâ⬠will be introduced in February 2011.Following are summaries of the action programs we will during the first three months to achieve our stated objective. January: We will initiate a Tk. 300000 trade sales promotion campaigns to educate retailers and generate excitement for the product launch in February. We will exhibit electronic trade show, provide mini pack sample to the selected customer. Our promotion manager is responsible for this work. February: We will start an integrated print, radio and media advertisement targeting consumers. This advertisement will show our products differentiation from other competitor. Advertisements also show our products feature to the ultimate customer. Our Advertisement manager is responsible for those works.March: As the multimedia campaigns continue, we will add consumerââ¬â¢s sales promotion techniques such as giving scratch card and lottery etc. Our sales manager is responsible for this type of sales increasing techniques. 6. 0 FINANCIALS PROJECTIONS In this section we make expected budget of sales and cost monthly and yearly. We count breakeven point unit sales. We also present our expected sales revenue and profit. Our product per unit cost is 13. 5 Tk. And wholesale price is 14 Tk. And Maximum retail price is 15 Tk. Expected Sales Budget |Division |Monthly |Yearly | | |Unit |Cartoon |Unit |Cartoon |Dhaka |5,00,000 |5,000 |60,00,000 |60,000 | |Chittagong |2,00,000 |2,000 |24,00,000 |24,000 | |Barisal |70,000 |700 |8,40,000 |8,400 | |Sylet |80,000 |800 |9,60,000 |9,600 | |Rajshai |50,000 |500 |6,00,000 |6,000 | |Khulna |60,000 |600 |7,20,000 |7,200 | |Total |9,60,000 | |1,15,20,000 | | Expected Cost Budget |Type of Cost |Monthly(TK) |Yearly(Tk. ) | |Variable |1,10,40,000 |13,24,80,000 | |Fixed |20,00,000 |2,40,00,000 | |Total |1,30,40,000 |15,64,80,000 | Per Unit Cost Per unit Cost = (Fixed cost + Va riable cost) Unit Production 2, 40, 00,000 + 13, 24, and 80,000) = 1, 15, 20,000 = 13. 5 Tk. Break-even Unit Sales (Yearly) Per Unit Sales 14 Tk. Per Unit Variable Cost 11. 5Tk Per Unit Contribution 2. 5Tk. Fixed expense Now, B E S in Unit = Per Unit Contribution 2, 40, 00,000 = 2. 5 = 96, 00,000 unit. Expected Revenue (Yearly) Sales (1, 15, 20,000* 14) 16, 12, 80,000 Variable Cost 13, 24, 80,000 Revenue 2, 88, 00,000 Expected Profit (Yearly) Revenue 2, 88, 00,000 -) Fixed expense 2, 40, 00,000 Profit 48, 00,000 7. 0 IMPLEMENTATION CONTROLS The controlling process: In the control Process, we will compare our total result with the expected things that we are mentioned. If there is mistakes then take necessary steps to control the overall process. There will be two way of controlling. One is operational control and second one is strategic control. Operational control: If any changes occurred to our production process, then it will be done by operational control. Strategic control: If any changes occurred into strategic plan than it will be done by strategic control.Market Audit: We will hire a market audit or researcher to evaluate our marketing plan and give advices how to improve in operational control, strategic plan, others plans. Implementation Plan: The following identifies the key activities that are critical to our marketing plan. It is important to accomplish each one on time and on budget. â⬠¢ Online advertising, which cost BDT 50,000. â⬠¢ Separate rack in shopping malls and the departmental stores, which costs BDT 200,000. â⬠¢ Other advertising costs BDT 10,00,000. â⬠¢ Event sponsorship, which costs BDT 300,000 References: 1. http://trade. coa. gov. tw/showProduct. do? isTemp=false&rid=2465&lang=e&showMenu=true 2. http://www. recipesource. com/fgv/vegetables/mushrooms/00/rec0053. html 3. ttp://www. malaysiabest. net/2006/03/06/snacks-mushroom-chips/ 4. http://ihor5. freeyellow. com/mushchip. html[pic][pic][pic] 5. http://banglapedia. s earch. com. bd/HT/M_0416. htm 6. http://www. mushroomlovers. com/Health. htm [pic] ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â Md. saley uddin , Reasonal Sales manager, Chittagong Ms. Sabrina Azam, Reasonal Sales manager, Sylet. Mr. Rafique Khan, Reasonal sales manager, Rajshahi. Md. Jahidul Islam, Reasonal Sales manager, Khulna Ms. Sayla Zaman , Reasonal Sales manager, Barisal. Md. Azad, Reasonal Sales manager. Dhaka Ms. Bristi Rani Advertising Manager Md. ,Hasan Mahamud,Promotion Manager Ms. Nancy Christina Sales manager
Vulnerabilities of Organizational Networks and Internets Coursework
Vulnerabilities of Organizational Networks and Internets - Coursework Example This paper analyses and studies the various security weaknesses which hampers the organizationââ¬â¢s information system. A brief study of the technical and non technical measures and methods are listed which would ensure that the company or the organization is protected from any unauthorized access to their system. Definition and Impact of Vulnerability on an organization The Organization of Internet Safety defines security vulnerability as ââ¬Å"security vulnerability is a flaw within a software system that can cause it to work contrary to is documented design and could be exploited to cause the system to violate its documented security policyâ⬠(Telang and Wattal, 2005, p2). Vulnerability is security weakness in the software or the hardware on a system or a server that can be attacked or gained access to, by an intruder. The weakness or the loophole can be physical, technical or network related (Kizza, 2007). In todayââ¬â¢s tough and competitive marketplace, it is imper ative for all the organizations to have strong measures against all anticipated vulnerabilities. Companies stand a risk to lose time, money and may hamper its future growth, if the concept of vulnerability management is not adhered to and practiced. For example, a security defect in any software may cause loss of millions of dollars in terms of downtime, integrity issues and interrupting the growth of the organization (Brackin, 2003). Vulnerabilities of Organizational Networks There are various sources of system vulnerabilities. Poor design flow, improper use of the firewall, the nature of intruder activity, improper security management, no restriction in the usage of internet, improper implementation of the security appliances are some of the major causes of IT vulnerability. In an organization, the two major components of a computer system, hardware and software are quite vulnerable (Kizza, 2007). An organization uses the computers for almost each and every sphere of activity. Thi s enables the companies to have the ability to use and practice internet in their day to day operations. The most common cyber security vulnerability IT mangers are facing in terms of their software design flows. Software are more prone to security losses for their less complexity, involvement of the human factors, lack of security equipments while testing and implementing the software programs. The software professionals often have a rush to finish the product. There are some attention failures possible on the part of the professionals, for example, if they forget to add some security verification questions, it becomes accessible to many unauthorized ones. A software program may have many possible outcomes. It is important to choose the best fit and the correct to be used. There might be some malice professionals in the company. Many viruses, bugs are downloaded in software and then are circulated and transferred from one computer to another. Some security software are difficult to locate and used. The software product needs to be thoroughly tested under all possible circumstances as no software product can fit in all environments. In almost all the organizations, Local area networks (LANs) is being used and implemented in meeting data processing and to work in tandem with other companies in the global
Tuesday, August 13, 2019
The evolution of us gaap Essay Example | Topics and Well Written Essays - 500 words
The evolution of us gaap - Essay Example However, high-tech companies, with the help of Congress, effectively stopped this move. Instead, the amount of expense for options recently granted was to be mentioned in a footnote. Then, FASB started developing a standard that would force companies to expense the fair value of stock options granted to executives and other employees. However, as Zeff points out, company CEOs were quick in opposing as it would affect their personal compensation packages. When it became clear that FASB would continue with its efforts, the companies sought the help of Congress. It was discussed in the House and the Senate where majority of the members opposed, evidently under pressure from companies. As FASB further proceeded in issuing a standard, the Senate passed a resolution stopping FASB from acting further in that regard. More issues were to come. FASB issued the directive on reporting the comprehensive income either through a separate statement of comprehensive income or an additional section in the income statement. The companies wanted to disclose it in the Statement of Changes in Shareholdersââ¬â¢ Equity. However, FEI pressured FASB to allow presenting it in a financial statement that few readers notice.
Monday, August 12, 2019
Business information system Essay Example | Topics and Well Written Essays - 1500 words - 1
Business information system - Essay Example The marketing technique used by CPS is also archaic. They depend on advertising themselves on newspapers and magazines as well as organizing open days to allow people to learn more about the school. The school does not have a website, and hence faces a hard time especially in the process of recruiting teachers. This is especially so because other schools are adopting IT and their working procedures are continually being simplified. Students lack adequate Information Technology knowledge since they do not have a computer lab where they can be taught computer classes. Teachers have also complained that the process of researching via books and recording every information on paper is very tedious. Collaboration with the outside world is impossible due to lack of a modern system of IT. They do not have a virtual learning system, and hence open learning, and distance learning cannot be take place in CPS. The available computers are stuffed with a lot of files, and the files have not even b een arranged; they have just been dumped into the computer. This makes the computers useless, since they cannot achieve their role. Accessing the files that have already been saved on the computer is also very hard. Introduction With the recent revolutions and inventions in the field of technology, one ought to stay up to date. There is a need to upgrade to better technological systems so as to catch up with the rest of the world. Information technology is the pillar of every successful business of the modern day world. Technology has helped to reduce the burden of having to work for long hours by introducing methods of working effectively and maximally for a shorter period than it used to be. The introduction of the latest technology into CPS can have various benefits. This paper will give a critical analysis and review of CPS, regarding its use of technology. Literature review (Theoretical concept of Business information system) Technology is a key to success in todayââ¬â¢s wor ld (Blaze 2010). Not very many people are able to live in a world that lacks technology. Everyone wants to have a mobile phone and a PC in the modern world (Burnstein 2007). People want to drive vehicles that have the latest technology installed in them. Employees want to do work with the help of modern machines (Goodpasture 2009). Technology is everything. The teachers of CPS live a very stressing life. For example, they have to mark exam papers, then record the marks in a book manually. Their record keeping is also manual, in books, and this would mean that in case of a fire, all their data would be lost. What would happen if the marks of the final exams of students got lost in a fire? This would be a very terrible situation since most of the students would not care about what happened; they would sue the school. Most of the students may also leave school when they are not fully conversant with the computer system. This would pose as a threat to them since they would not be able t o fit in the world after school, considering that everyone is getting acquainted with the technology. The school may also face a problem of marketing itself. With the advancement of technology, not many people buy newspapers and magazines; people simply donââ¬â¢t have space for such paper work in their houses and offices (Sutherland 2005). Most people read them online, and get news from different internet sources (Hoolladay 2011) Social
Sunday, August 11, 2019
Mission and Personal Values in Building a Career Research Paper
Mission and Personal Values in Building a Career - Research Paper Example Developing a personal career vision statement is never easy. However, it is a must for any individual to formulate or develop his/her own because without this, an individual is just driving aimlessly and without any final destination. This career vision statement will then serve as a guide and motivation to what future he/she wants to achieve and fulfil (Green, 1999). Actually, there are several ways or steps to create a vision statement and itââ¬â¢s up to an individual which one he/she wants to model his/her own statement framework. Because what really matters is that this statement could able to give career and life purpose; set a clear expression of future career; and it provides focus and direction as well as inspiration and motivation (Jones, 1998). According to Cranford (2011), a certified Career Coach, he proposed four basic steps or procedures in creating/formulating/ developing a career vision statement. And these include the following: step ahead, look away, see the step s forward, and put it on paper. Creating a vision is not easy, and it takes a lot of effort and time. It cannot be done or accomplished overnight. Hence, one must take time to reflect and envision what he/she really want to be or to attain and fulfil in the future. And this can be made possible if he/she will provide enough time for himself/herself to think, internalize and understand his/her inner self in order to identify and know his /her own strengths, weaknesses and personalities, which will determine the career he/she wanted to pursue.Ã
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