Memo regarding the current salary of the CEO

The fundamental issue introduced inside the reminder includes the current pay of the current CEO (James) and whether it is in accordance with standard pay rates for CEOs inside organizations of a similar size and inside a similar market as PDQ.Advertising We will compose a custom article test on Memo in regards to the current pay of the CEO explicitly for you for just $16.05 $11/page Learn More The writer of the update battles that dependent on the presentation of the organization, the current normal compensation rate for CEOs inside the business which is $300,000 and the â€Å"supposed† reality that laborers at the organization hate James that supplanting the current CEO involves incredible desperation given that his dull exhibition and significant pay are unfavorable towards the development and execution of the organization. Reasons given The CEO’s compensation is excessively high During his residency the organization has experience critical drops in execution Workers at the organization as far as anyone knows don't care for him He is rich, accordingly he would not want to buckle down He has a low degree of execution In request to improve the organization another CEO would be required Ambiguous Phrases There are a few vague expressions that provoked my curiosity inside the notice. The primary stressed the current abundance of the CEO as adverse towards his exhibition. The second underlined on the need to supplant him regardless of the absence of adequate proof and third included a contention including boosted execution and remuneration which was exceptionally uncertain given that different investigations state in any case. Illustrative Assumptions The notice clarifies that it is generally the situation that the normal pay for a CEO inside an organization of PDQ’s size is $300,000 and that because of the budgetary emergency most organizations have really solidified or decreased CEO compensations because of lower benefits. While this specif ic part of the notice is substantial, the notice takes a peculiar turn expressing that James must be terminated based on his apparently dreary exhibition (which the notice doesn't present adequate proof on), the way that he is affluent and would as far as anyone knows not work for the eventual benefits of the organization (likewise has no premise), the way that the laborers at the organization as far as anyone knows despise him (has not been affirmed with irrefutable realities from the association) and on the way that he has a significant pay which isn't proportionate with industry measures (considering the way that it depended on an agreement it ought not be an issue). False notions in Reasoning While the update was very broad in its utilization of an assortment of measurements so as to appropriately outline its contentions, it made a few presumptions that needed adequate proof to really end up being precise. For one thing, towards the finish of the reminder the creator makes the a ccompanying supposition with respect to pay rates and pay: â€Å"everyone in the Human Resources field realizes that â€Å"pay for performance† is the best pay method†. The making of this specific articulation is versed in such a manner in order to imply a specific level of authentic propriety what exactly was expressed. This implies it was made to cause individuals to expect that â€Å"pay for performance† is the best strategy by expressing that it was a notable practice inside the field of human resources.Advertising Looking for paper on business financial matters? How about we check whether we can support you! Get your first paper with 15% OFF Learn More in all actuality studies, for example, those by Goh Gupta (2010) have demonstrated that pay for execution is really one of the least compelling techniques for pay (Goh Gupta, 2010). This finding has been sponsored up by a few different examinations and shows that the creator of the reminder was introducing a supposition as a reality. Looking at the Evidence The creator of the reminder interfaces the bombing execution of the organization with the probably dull presentation of the CEO. This specific contention considering the situation is somewhat weird given the way that the drop in organization execution concurs with the 2008 budgetary emergency which brought about significant execution drops for almost all companies inside the U.S. The reminder neglects to show any strong evidence of corporate botch by the CEO and only presents a presumption dependent on information which has been demonstrated to be outside of the control of the CEO. Not just that, it was expressed from the get-go that the expansion in the CEO’s pay depended on a pre-arranged agreement which should void any contentions with respect to ensuing compensation increments. While there was adequate proof to legitimize the bringing down of the CEO’s compensation given the money related emergency, there is lacking proof to legitimize terminating him. In view of an assessment of the introduced proof, it very well may be seen that it is seriously inadequate as far as really demonstrating that the ebb and flow CEO of the organization ought to be terminated and is characteristic of an absence of adequate premonition and examination into the presentation of the CEO and generally comprises of unadulterated hypothesis and presumptions. Opponent Causes The update in specific segments explains on the need to supplant the CEO with somebody that is progressively dedicated and ready to do what is vital. This makes the current CEO isn't dedicated and is in truth languid. This is somewhat vague given the way that the creator of the notice neglects to show any strong proof with respect to this specific reality and is proof of a specific aversion by the creator for the CEO given that he constantly underscores terminating James. Beguiling Statistics The insights are unquestionably tricky since the CEO had pr e-arranged pay expands that were not reliant on organization execution. Not just that, the drop in organization execution was not because of fumble yet was an immediate aftereffect of the monetary emergency. The CEO ought to really be complimented for guaranteeing that the company’s execution misfortune was kept to a base. Data that has been overlooked The most clear data that has been discarded is whether the CEO has been working admirably in spite of the antagonistic conditions that the organization winds up in because of the money related crisis.Advertising We will compose a custom article test on Memo in regards to the current compensation of the CEO explicitly for you for just $16.05 $11/page Learn More There is no data at all showing factors applicable to what activities he has effectively utilized, what cost investment funds apportions were conveyed during his residency, how has he assisted with decreasing the misfortunes of the organization and how has he reacted to t he unfavorable market circumstance. The entirety of this data is pertinent given the contentions being introduced by the creator yet it is in truth missing which makes a specific level of equivocalness with respect to the reasonableness of the manner by which the CEO is being depicted. Sensible Conclusion that can be Derived Based in transit in which the update was made which accentuated on the as far as anyone knows dull execution of the CEO without adequate proof and the manner by which the contentions were detailed to underline a few negative characteristics about the CEO and the need to fire him regardless of the way this was not the first plan of reminder shows that the Senior HR chief has negative emotions about James and is effectively endeavoring to have him expelled notwithstanding the inadequate proof demonstrating the CEO’s insufficiency. Reference List Goh, L., Gupta, A. (2010). Official Compensation, Compensation Consultants, and Shopping for Opinion: Evidence fr om the United Kingdom. Diary Of Accounting, Auditing Finance, 25(4), 607-643. This article on Memo in regards to the current compensation of the CEO was composed and put together by client Marisol U. to help you with your own investigations. You are allowed to utilize it for examination and reference purposes so as to compose your own paper; be that as it may, you should refer to it as needs be. You can give your paper here.

Idea for Business Plan Essay Example | Topics and Well Written Essays - 250 words

Thought for Business Plan - Essay Example The rivals in the business are enormous scope dairy ranchers and milk preparing organizations. Enormous scope ranchers produce dairy items in huge sums and thus most clients will lean toward their items since they make certain of a consistent flexibly. Preparing organizations are huge contenders since they have faithful clients. In any case, the agents in the endeavor don't create enough flexibly of dairy items and consequently independent ventures get an opportunity for development under the firm rivalry. The business will learn that its items are of high caliber, and neatness will be vital. Clients of dairy items mostly think about quality and wellbeing before making buys and consequently the business will be at a superior situation to flourish. The business will offer conveyance benefits that will draw numerous clients into making orders from my firm. Dairy cultivating has a ton of chances in the more prominent Cleveland zone since most milk items are brought from different spots. Working the business in Cleveland will limit the operational expenses and subsequently I can utilize cost as an opposition

Argument Synthesis Essay Topics

Argument Synthesis Essay TopicsArgument synthesis is the process of combining two opposing points of view or positions into a single essay. When you are in a debate with someone, you may come up with two opposing opinions and consider those two perspectives as your starting point for your essay. This process can help you have a more organized and coherent argument which may be more persuasive than two competing opinions.You should start by having a strong grasp on all the points which will be addressed in your essay. There should be several different points that you want to bring together in order to come up with an overall statement. The more information you have at your disposal, the better your argument will be.It's a great idea to prepare a list of topics for your essay. Your topic may vary depending on the type of audience you are writing for. For example, if you are writing for a class, you might talk about different aspects of social studies.For instance, if you are writing fo r a parent, you could cover subjects such as community resources, their strengths and weaknesses, community involvement, and other factors which affect children. The content of your essay should address what is most important to you as a parent. This will allow you to develop a stronger argument by coming up with arguments that resonate with your views on a number of issues.The next step in composing your topic will be to look for resources for your topic. If you have already planned a topic for your essay, there may be resources available from books, websites, or even local libraries. Researching for the various points of view will enable you to discuss the points of views from various perspectives and give you a solid foundation to build your argument on.One thing to keep in mind when compiling your essay topics is that it is okay to deviate from your original plan. If you find it difficult to come up with the ideas that will best serve your audience, you can always make use of re sources from outside of your own experience. You can also look to current events, and other life experiences to present your essay's topic in a different way than originally planned.A great example of this would be if you were writing for a class, and the topic was current events, you could go over current events relating to society. The topics that you think will most benefit your audience will give you a great place to start off. As you come up with different ideas and facts, you can continue to compile your topic to fit your audience and target audience.In conclusion, there are many different ways you can develop essays topics. By making use of research and information, you can come up with a well rounded piece of writing. The most important thing is to have a well-researched topic, a good resource, and some planning ahead of time.

Factors Leading to the Increase in the Gap Between Rich...

FACTORS LEADING TO THE INCREASE IN THE GAP BETWEEN RICH AND POOR NATIONS DUE TO GLOBALIZATION INTERNATIONAL INEQUALITY Inequality must be defined and be able to be measured so that comparisons can be made between rich and poor countries. Once the causes are determined, the effects of globalization can be evaluated and be measured. The World Bank defines inequality as the disparity of income and standard of living among nations and their citizens (Birdsall, 2002) The income gap that exists between the rich and poor countries has become substantial. In 2003, the richest fifth of the world’s population received 85% of the total world income, while poorest fifth received just 1.4% of the global income (infoplease, 2005).When the GDP is†¦show more content†¦Although the two countries adapted well to globalization, there is little doubt that their newfound relative prosperity opened many new fissure lines. Inequality between coastal and inland provinces, as well as between urban and rural areas, skyrocketed in China. Another large group of Third World countries in Latin America, Africa, and former Communist countries, experienced a quarter-century of decline, or stagnation, punctuated by civil wars, international conflicts, and the onslaught of AIDS. While rich countries grew on average by almost 2 percent per capita annually from 1980 to 2002, the worlds poorest 40 countries had a combined growth rate of zero. For large swaths of Africa, the income level today is less than 1-dollar-per-day. For these latter countries, the promised benefits of globalization never arrived. Social services were often taken over by foreigners. Western experts and technocrats arrived on their jets, stayed in luxury hotels, and hailed the obvious worsening of economic and social conditions as a step toward better lives and international integration. Indeed, for many people in Latin America and Africa, globalization was merely a new, more attractive label, for the old imperialism, or worse - for a form of re-colonization. The left-wing reaction sweeping Latin America, from Mexico to Argentina, is a direct consequence of the fault lines opened by policies designed to benefit Wall Street, not the people in the streets of Asmara, Nairobi orShow MoreRelatedFactors Leading to the Increase in the Gap Between Rich and Poor Nations Due to Globalization2447 Words   |  10 PagesFACTORS LEADING TO THE INCREASE IN THE GAP BETWEEN RICH AND POOR NATIONS DUE TO GLOBALIZATION INTERNATIONAL INEQUALITY Inequality must be defined and be able to be measured so that comparisons can be made between rich and poor countries. Once the causes are determined, the effects of globalization can be evaluated and be measured. The World Bank defines inequality as the disparity of income and standard of living among nations and their citizens (Birdsall, 2002) The income gap that exists betweenRead MoreThe Impacts of Globalization on Developing Countries Essays1365 Words   |  6 PagesGlobalization, love it or hate it, but you can’t escape it. Globalization may be regarded as beneficial from an economic and business point of view, but however cannot be perceived the ditto when examined from the social sciences and humanities side of it. Globalization can be argued as a tool for economic growth, advancement and prosperity through co-operation between the developed and developing countries. The pro-globalization critics argue that the benefits that globalization brings to developingRead MoreThe Gap Between the Rich and the Poor in America Essay1580 Words   |  7 Pagesvolatility has created a shift from America being the middle-class society to simply rich or poor (Sachs, 2011). A gap this large has not been experienced since the 1920’s (Sachs). â€Å"The top 1% of households takes almost a quarter of all household income † but an economy this top heavy will not be able to succeed (Sachs, 2011, p. 30). The working classes are struggling with housing, wage, and employment issues. Rich individuals are ignoring these troubles, shipping their business operations out of theRead MoreNegatives Of Globalization1236 Words   |  5 PagesGlobalization is a complex term which is deeply controversial due to the socio-economic integration of the world into one global economy. It is the process that includes integration and interaction among the people, companies, money, and government of different nations. This process also includes the impact of economic development, cultural enhancement, changes in the environment, financial institution, technological transformation and human society all over the world. There are many factorsRead More The Need for a Middle Eastern Empire Essay3203 Words   |  13 Pages The Imperial History History suggests that great leaders view the world as a divided empire that if united would end problems that a single nation dream of solving. Many leaders of today fight for division, independence, and personal interests. Such leaders want control over small territories just to exercise power and control over a small population resulting in problems such as famine, poverty, and civil wars. Real leaders seek glory by achieving world domination to help their society moveRead MoreGlobalization: Countries2603 Words   |  11 Pagesquestions that need to be asked when discussing globalization and the effects it has on the world. 1. How can the developing countries, especially the poorest, be helped to catch up? 2. Does globalization aggravate inequality or can it help to reduce poverty? 3. 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This paper offers insight into some aspects of globalization and aims toRead MoreThe Pros and Cons of Globalization Essays1386 Words   |  6 Pagesspread of cultures, trade, information and creating options, Globalization can be highly beneficial to everyone by bestowing great fortunes on us. This essay will highlight the positive and negative effects of globalisation, but also discuss solutions and evaluate them. Economists have used the term globalization since the 1980’s, although it was used in social sciences in the 1960’s. However, the principles and ideas of globalization have not spread to the twentieth century. Globalisation isRead Moreglobalisation3530 Words   |  15 PagesLiterature Review We live in the fast growing world of globalization where the entire world has now shrunken into a small global village. Globalization has often been regarded as the ‘cradle’ of global economic development. This so called ‘world liberator’ however has not escaped criticism as opponents claim that it has been the cause of social evils and rising levels of poverty in developing countries. Due to the nature of globalization and in its bid to open up social, economic and politicalRead MoreGlobalization Is Not Being Exploited By Capitalists Essay1615 Words   |  7 Pagesonly one thing that is worse than being exploited by capitalists. And that is not being exploited by capitalists’† (Nayyar 2006, 4). The process of globalization has changed the ways of human interaction and the flow of goods and services, people, information and ideas creating an interconnected single community that is continuously uniting many nations across borders. The emergence of easier accessibility to consumers’ needs has skyrocketed the production and consumption of goods and services. With

Animal Experimentation Essay - 812 Words

For years now people have been using animal experimentation to create new ways to help save the human race. There are people who believe that it does help, and that it is necessary to continue, while others oppose and want to fight for the elimination of animal experimentation. Scientists fight for the cures needed to help man kind, but struggle to do so as people fight against their work in progress. But as Jennifer A. Hurley stated, â€Å"History has already shown that animal experimentation is not essential to medical progress.† Stuart W.G. Derbyshire believes â€Å"The best hopes to treat or cure any number of diseases all rely in the current animal experiments.† Both sides have evidence that can allow both to be proven correct. But there are†¦show more content†¦It is just a death toll for the living animals involved, and useless for the purpose animal testing is supposedly working for. The 3R’s, replacement, reduction, and refinement, are suppose t o help save the living creatures in this chaotic situation. It is suppose to slowly eliminate animal experimentation for good by reducing the amount of animals used, and possibly coming up with alternative methods. This is one of the goals scientists have for the next generation of scientists. But it is still possible that their attempt of saving the animals will never happen (Howard). The horrors that come from animal experimentation are highly repulsive and the use of animals in experiments clearly violates â€Å"animals’ rights† to live without pain or emotional distress (Hurley). Animal experimentation CAN be looked upon negatively because no experiment is ever in the interest of the animals’ welfare. Scientist and people still believe that animal experimentation works and should be continued in the future. Animal experimentation is used to help save humans. People would like for it to continue because it has been proven that it can help save humans. â€Å"Scientists try to use animal experimentation to advance the understanding of humanity. They are forced to defend themselves against the cruel accusations due to animal experimentation.† The best hopes now are that the people will allow animal experimentation to moveShow MoreRelatedAnimal Experimentation1612 Words   |  7 Pagesaccept animal experimentation but they also increased the use of genetically modified mice in carrying out such tests. On July 27th official statistics showed that, for the first time, the use of genetically-modified animals has outstripped that of conventional creatures and hardly anyone flinched knowing that† (Britain: Tweaking the Experiments; Animal Testing). Imagine the world without t he essential vaccines that are used to promote healthy humans, but that is the world without animal experimentationsRead MoreAnimal Experimentation And Animal Testing1261 Words   |  6 Pagesand against animal experimentation. The report begins with an introduction briefly outlining what animal experimentation refers to, introducing the three perspectives and highlighting the intention behind this investigation. The report then explores the positive and negative medical aspect of animal experimentation stating that it has resulted in vital vaccines benefitting both humans and animals, but also accepting it is not always reliable. The advantages and disadvantages of animal testing onRead MoreAnimal Rights: Animal Experimentation 837 Words   |  4 PagesAnimal experimentation is the use of non-human animals in experiments. Animal experimentation also known as animal testing had established way back into the second century A.D. A Roman physician, named Galen started to perform endless animal experiments. (Safer Medicines.) On the other hand, the first major animal experiments occurred in the nineteenth century. Luis Pasteur administered anthrax to sheep. Anthrax is a bacterial disease that affects the skin and lungs in sheep and cattle, so PasteurRead MoreAnimal Experimentation And Animal Experiments1619 Words   |  7 PagesYou can’t even decide when the lights go on and off. (Cruel ty to Animals in Laboratories.)† This is the horrifying reality that animals used in animal experiments have to face. Animal experimentation is the use of animals in scientific research. Animals help scientists learn more about diseases that occur in humans and animals. Scientists also use animals to test new treatments, medicines, surgical techniques, and more. Different animals can be used for these experiments and the experiments can sometimesRead MoreAnimals for Research and Experimentation678 Words   |  3 Pages100 million animals are used for research and experimentation on around the world every year. Apart from all the benefits of animal testing there are many good reasons which support banning the experimentations on animals such as: animal cruelty, selfishness, and danger of using the experiments result. Therefore animal experimentation should be banned. These days, animal testing has brought a lot of issues in the society. The first and foremost argument that is presented against animal testing dealsRead MoreDiscussion Of Animal Experimentation On Animals1878 Words   |  8 PagesWorld Studies/ Honors November 19, 2014 Discussion of Animal Experimentation Research Animal experimentation has been the basis of human knowledge for the advancement of medical and biological breakthroughs as early as 200 C.E.. It has been estimated that more than 100 million animals are killed in U.S. laboratories alone for scientists’ tests. Organizations and laws have been formed to prevent harmful experiments from taking the lives of animals, however, scientists argue that there would be a crushingRead MoreAnimal Experimentation : Animal Cruelty2406 Words   |  10 Pages Research Essay: Animal Experimentation An innocent baby animal is ripped from its mothers arms and dragged by its neck after being locked up in a cold, lonely cellar on its way to the experimentation room where scientists will stick a variety of needles filled with possibly deadly medicine into its delicate skin. In a laboratory a ways down the street is another baby animal being tranquilized with a numbing gun in order for the animals to be tested with no pain gently lifted from its cageRead More Animal Experimentation Essay1792 Words   |  8 Pages Animal Experimentation Introduction Animal experimentation has been a part of biomedical and behavioral research for several millennia; experiments with animals were conducted in Greece over 2,000 years ago. Many advances in medicine and in the understanding of how organisms function have been the direct result of animal experimentation. Concern over the welfare of laboratory animals is also not new, as reflected in the activities of various animal welfare and antivivisectionist groups datingRead MoreAnimal Cruelty And Animal Experimentation1610 Words   |  7 Pagestesting on animals. According to Professor Nuno Henrique Franco from the Institute of Molecular and Cell Biology of the University of Porto in Rua do Campo Alegre, humans have based their medical research, and later chemical testing, on animal experimentation. The first experiments that were performed can be considered crude and a few were perhaps excessively damaging to their subjects, and a handful of later testing was for cosmetic purposes. Consequently, the lives of countless animals have beenRead MoreAnimal Experimentation Essay1044 Words   |  5 PagesAnimals suffer just as people do. In 2009 animal experimentation was the cause of over 1.13 million animals, excluding small rodents, suffering in U.S. Laboratories (U.S. Department of Agriculture, Animal and Plant Health Inspection Service). Animal experimentation is unethical , unnecessary and expensive; alternative methods of testing should be utilized. It is unethical to use the cruel methods of animal experimentation for our own benefit alone. The animals used in research range from birds

The Moral Dilemma Of By Stephen Covey - 1180 Words

MANIPULATED PERCEPTION Generalising, all of our physical senses are stored as subconscious memories – the people, objects (even apparitions and the supernatural), etc. which may appear in our dreams are comprised of our knowledge of the external reality. Memory fragments are ubiquitous in all forms of cognitive processing – stored memories enable the brain to construct mental content. As a result, an individual’s perception will vary according to the memories and knowledge accumulated by the physical senses since birth, and consequently, as Stephen Covey asserts: â€Å"We see the world, not as it is, but as we are, or, as we are conditioned to see it.† â€Å"Inception† explores the moral dilemma of deceiving one’s perception via inception –†¦show more content†¦Whilst in the second dream layer, the emotional trigger â€Å"I will create something for myself† examines the establishment of self-identity, further underpinned by the utilisation of first-person and high modality. It accommodates Fischer’s youth and abrupt inheritance of wealth and power while targeting his emotional proclivity to aspiration and self-esteem. Finally, in the third dream layer, the emotional trigger â€Å"My father doesn’t want me to be him† targets Fischer’s youthful impulses for self-worth and independence, and metaphorically implies an alternate pathway, unbound by familial expectations. Fischer has chosen this permanent reality unconditionally and independently, albeit unwillingly, and this choice cannot be disputed. Another example, but much more exaggerated, is epitomised by Mal’s germination of a relative reality. The close-up shot of the safe with Mal’s totem locked inside (01:17:22) is symbolic of her repressed subconscious, in which she willingly chooses to literally and metaphorically conceal the object which allows her to discern between reality and dreams – â€Å"A truth that she (Mal) had once known, but chose to forget.† This permanent relative reality which Mal has unconditionally and independently embraced has become an absolute reality. Overall, Nolan demonstrates how germinating propagandistic â€Å"seeds† of ideas can be used toShow MoreRelatedHow The Superintendents Leadership Program Transformed Me As A Leader?3557 Words   |  15 Pagesour organization. I am confident now to declare that I have developed my reflective thought into a degree higher than before. Smith (1983, p.124 quoted by Daisy Arredondo Rucinski and Patricia A. Bauch in â€Å"Emerald Article:Reflective, ethical, and moral constructs in educational leadership preparation: effects on graduates’ practices† as published in Journal of Educational Administration, p 489) defined reflective thought as â€Å"an active response to the challenge of the environment.† Before I thoughtRead MoreHow The Superintendents Leadership Program Transformed Me As A Leader? Essay1620 Words   |  7 Pagesour organization. I am confident now to declare that I have developed my reflective thought into a degree higher than before. Smith (1983, p.124 quoted by Daisy Arredondo Rucinski and Patricia A. Bauch in â€Å"Emerald Article:Reflective, ethical, and moral constructs in educational leadership preparation: effects on graduates’ practices† as published in Journal of Educational Administration, p 489) defined reflective thought as â€Å"an active response to the challenge of the environment.† Before I thoughtRead MoreThe Best Plans For Managing Time Effectively By The Workplace?2277 Words   |  10 Pageswork. It can be as simple as measuring what needs to be done before a specific time and date then working towards the desired outcome. We must look at number 2 â€Å"Begin with the end in mind† taken from the 7 habits of highly successful people by Stephen Covey. Laydown the ground work and decide the purpose, exceed norms and do the unexpected. Boosting workplace productivity takes on various methods today that contribute to getting an employee to work at their full potential. By Strategizing and organizingRead MoreInnovators Dna84615 Words   |  339 PagesRobert and Jane Cizik Professor of Business Administration at Harvard Business School and the architect of and the world’s foremost authority on disruptive innovation. â€Å"Businesses worldwide have been guided and in uenced by e Innovator’s Dilemma and e Innovator’s Solution. Now e Innovator’s DNA shows where it all starts. is book gives you the fundamental building blocks for becoming more innovative and changing the world. One of the most important books to come out this year, and one thatRead MoreHbr When Your Core Business Is Dying74686 Words   |  299 PagesYou Larry Bossidy 66 Finding Your Next Core Business Chris Zook 78 Promise-Based Management: The Essence of Execution Donald N. Sull and Charles Spinosa 90 The Leadership Team: Complementary Strengths or Conï ¬â€šicting Agendas? Stephen A. Miles and Michael D. Watkins 100 Avoiding Integrity Land Mines Ben W. Heineman, Jr. 20 33 FORETHOUGHT HBR CASE STUDY Why Didn t We Know? Ralph Hasson 45 FIRST PERSON Preparing for the Perfect Product Launch THOU SHALT Read MoreDeveloping Management Skills404131 Words   |  1617 PagesEmotional Intelligence 62 Values 65 Ethical Decision Making and Values 72 Cognitive Style 74 Attitudes Toward Change 76 Core Self-Evaluation 79 SKILL ANALYSIS 84 Cases Involving Self-Awareness 84 Communist Prison Camp 84 Computerized Exam 85 Decision Dilemmas 86 SKILL PRACTICE 89 Exercises for Improving Self-Awareness Through Self-Disclosure 89 Through the Looking Glass 89 Diagnosing Managerial Characteristics 90 An Exercise for Identifying Aspects of Personal Culture: A Learning Plan and Autobiography

Strategic Information System AIS and ERP

Question: Discuss about the Strategic Information System Concepts of AIS and ERP. Answer: Introduction This report explains the significance of information systems in the business. In this report there are two case studies of the companies are given that indicates that how manual processing affects the operations of the business of the small and medium-sized companies. Moreover, it explains the concepts of AIS and ERP in the companies that will reduce the cost and time of the companies. Similarly, it also explains that the how AIS and ERP will help companies to reach the next level of the business. Finally, in this report, it explains that which software is best for the company according to its size and operations. Overview of Business process of Disk4u In the given case study of the company, it is identified that the business process of Disk4u is operated at a medium level in Sydney. The company wants to expand their business at a higher level so that they adopt the new technology and methods like e-commerce portal, sell products through phones and emails and from physical stores. This is definitely a good strategic move for the company to increase its business operations from adopting technological solutions. Similarly, it is also identified by the team of consultants during the presentation given to the owner is that the owner of the business is using manual accounting system to manage the overall activities of the business. Currently, Company has four outlets in Sweden so it is obvious that the business needs has few supply chain partners, sales, and marketing persons, finance and accounting process is involved. The supply chain management purchased the Blank Cds and instruments from the wholesalers and big retailers. Similarly, sales and marketing people helps to sell the products to the customers directly and indirectly. Accounts and Finance people will take care of the payments regarding the suppliers, customers and record daily income and expenses of the all the outlets. Therefore each business functions is interrelated to each other if there is one function is mismanaged it hampers the overall process of the company (Symmetry, 2016). For e.g. if the accounts and finance function makes an error it impacts the sales and supply chain management of the company. So it is considered that the team of consultants for the company to use the proper accounting softwares like Enterprise Resource Planning (ERP) and AIS that manages the overall operations of the business in an effective manner. Business Requirements of the Company Accounts and business reporting is the major part of the company to effectively run their operations. These are just like a fuel to successfully develop their business on next level. It seems that there is a requirement of Enterprise Resource Planning (ERP) and Accounting Information System (AIS) softwares for effective decisions and flawless reporting (Financialforce, 2016). The company has already a good staff but still company lag behind in competition due to manual process which cannot record the important activities that are beneficial for the business. The manual system is not offering the products at competitive prices. So these issues depict that the company needs the more information for running their operations successfully. The business needs to good accounting softwares that effectively helps in the below important areas of the business (Excitingip, 2016). Thus the main requirements of the business are A systematic method of accounting that enhances the quality of its process. ERP softwares integrated all business process and supports accounting information for strategic decisions. This softwares provides customized solutions to the operations of the business process. The company faced the challenges in the areas of the information which does not flow properly communicated at all the outlets of the company. Information related to the transactional and operational matters are required for effective decision making. The company is not effectively using the accounting information from the manual process that influences the other areas of the business such as information related to the cost, sales, payrolls, and overheads. The company required this information to make competitive pricing strategies (eresourceerp, 2016).The ERP supports the AIS of business to collect, manage and retrieve the information related to the accounts and finance by their owners, staff, suppliers, customers and auditors. Similarly, both software will provide accurate and valuable information to the company. System Requirements The company required the ERP or AIS in their business process. It seems that the both of the softwares achieved the objectives of the business. The ERP softwares is linked with the all the processes of the business and it will provide the central platform to the all the important information data of the company (Maditinos, et al., 2011). It is also integrated with the Accounting Information Software. Thus the AIS get the relevant information from the various processes of the business effectively and accurately. The AIS provides the valuable functions to the companys process which is listed below: This software extracts the data from the various transactions of the different outlets in the chronological order and it is recorded to Journal accounts. Journal accounts record the transactions related to any event of the company. They transfer data to the ledger accounts and from ledger accounts, it is recorded in the different accounts. Secondly, it will helps the owner of the company and their partners to take effectively analyze the information from the database. The information which is necessary for the management is financial statements and managerial reports (Granlund, 2011). Thirdly, AIS provides the greater control and transparency in the information. Moreover, the AIS provide the both options to the companys employees such as automated and manual instructions to operate. Generally, information comes from both sources internal and external sources. Internal sources are the workers of the company and the external sources are the customers, online orders via email, phones, and e-commerce website like eBay.Below given figure indicated the general process of AIS functioning in the company for finance and account activities at different functional levels. Figure 1: (Source: Gelinas, et al., 2011) Figure indicated the process of AIS in company Instructions and procedures are coded in the AIS software. The procedures and codes are mentioned in the manual and guidelines of the software. The coded encrypted language helps to keep information confidential according to their use. The simple training is required to give to the companys employees regarding coding. When any user login to the software they required the code to retrieve any information, and that code is given in the training manual of the software (HBR, 2016). Different codes meet the needs of the different users. For e.g. companys daily sales order of various outlets is recorded in the sales order tab. Similarly, inventory data and invoices are stores on the appropriate tabs which are opened through passwords and codes. Software selection Disk4U is the family owned business and it has around four outlets in the Sydney. It can be assumed that there are approximately 30 employees approximately working and the company has the medium operations and generates the revenue of around 10.5 million last year. So it is considered that the company is coming to medium size company. So that the company requires the effective solution for their business to reaches to the next level. As per the overall research, it is considered that the company can use the medium size business solutions. AIS software to effective runs their operations.ERP software is also good for the company but it is analyzed by the consultants that the cost of the software, maintenance, customization and installation is too high as compared to AIS. The consultants suggest to the owner of the company to choose below of the models of the software as per the requirements of the business needs. The models of the software are given below in the table. Models of the software Functions Cost MYOB Helps in payroll processing and helps in the calculations and accruals and tax calculations. It sets the best price of the items according to the customers at different outlets Helps in financial reporting, taxation calculations and accounting (Enterprise suit, 2016). It records the historical financial data and stores the records of the bill of materials. It provides the various customized financial templates for the users. $150 per user monthly The total cost of 30 users at all outlets yearly around $150*30*12= $54000 Quick books It helps in order processing, stock management. One of the tool supports the accounting methods of the each outlet and reduce the chances of data entry errors and gives real-time information on inventory updates. $100 per user The total yearly cost of the software including its users around $100 *20*12=24000 Microsoft Dynamics (GP, NAV, SP) Maintain the database of the customers of all the outlets and keep the information secure. It gives the central access through Microsoft access and outlook It measures the trend of the customers on daily basis (Sleeter, 2016). It also controls and monitors the supply chain management, finance, and business reporting. $150 on monthly basis and user accessibility are more than 100 users. $10 is the monthly user charges. The total cost around yearly for 3 users $150*30*12 =$54000 Vendor selection and Recommendation From the above-given functions and analysis of the softwares, it finds that these three versions of the AIS softwares are beneficial for the company to complete its operations. Moreover, this softwares versions come under the budget of the client i.e. total cost around $132,000 yearly. So the company chooses the one software and vendor from these three versions of the software i.e. MYOB, Microsoft Dynamics (GP, NAV, and SP), and Exact max. The company should choose MYOB and invest on it. MYOB Version is latest, customized, and user-friendly interface system according to the operations of the company, it provides the effective accounting management reporting, solve taxation matters, and quick reporting, and monitors the customer relationship management of the company. Overview of the company problem In the given case study of the company named Sun Gate which is the largest producer of the rice in Australia has faced the problem of the manual accounting and reporting process in their operation systems. It seems that the company has the wide process and large production still that they cannot take the effective decisions in their operations. It is indicated that the company is facing the problems in their financial records due to manual entry systems and it requires the lots of time to record the data of the financial activities on the daily basis. It increases the cost and time of the company that will be the major problem in the future years. Business Requirement An information system is the main base of any business it collaborates all the departmental functions of the business smoothly. The main departmental functions of the Sun Gate Company are the production, sales, and marketing, finance and accounting, and inventory management. It seems that the company needs the effective information management software or tool that integrates all the functions of the business effectively so that the management of the company can take the effective decisions and generates huge profits in the future. The company has the large production units and large staff so that it comes under the medium and large scale industries of the Victoria. Due to its large production capacity, the team of consultants advised the company department to use Enterprise Resource Planning (ERP) Software, which mitigates the manual problems of accounting and errors in daily basis which helps in the company to take an effective decision in the future. ERP is generally an automated s oftware that manages the internal and external resources of the company such as production department, financial assets, inventory management and human resources of the company. The Below given figure indicates the overview of the modules of the ERP in respective departments of the company. Figure 2: (Source: Adaxa, 2017) Above Figure indicated the functions of ERP in different departments Above given figure depicts that the how ERP effectively performed their key functions according to the different departments of the company. The information is collected from the users i.e. employees and that information stored in the server systems of the software and presents the logical solutions and conclusions to the management (Capterra, 2017).It provides growth, long-term profits and meet customer expectations and make the company more competitive. System Requirements The need of best ERP is important for any mid-size companies. The ERP systems come with different sizes and shapes according to the budgets of the company (Datix, 2017). Currently, company has faced the number of challenges regarding the weak information systems in the company it creates the errors in the financial data and creates more work for the clerical staff and other departments which increase the cost and time of the company. Various ERP softwares which can save the cost and time of the company. The benefits of the ERP system for the company are listed below. It integrates all the business functions automated and linked with production, procurement, finance, and marketing departments. The system matches the demand and supply constraints with the respective functional departments. It responds and monitors quickly according to the real-time For e.g. In peak hours of the production in the company it automatically plans and respond the new orders, and delivers the instructions to the workforce for future demand and supply conditions (Hasan, et al., 2011). Figure 3: Figure indicated the connectivity of ERP to all departments It also supports the compliance and regulatory levels of the company in the production process, including health and environmental regulations. It gives the automated notice to the company while there is an excess of use of production of rice during peak hours. It helps in strategic decision making for the company by analyzed the accurate financial forecasting, effective budgets, proper planning of the resources and allocation. It combines the financial and accounting information for day to day activities. It delivers products on time with high quality It reduces the order process time and delivers the orders quickly according to the needs of the company locally and internationally (Saeed, et al., 2011). Apart from the benefits, there are certain challenges to implementing the system in the company like the maintenance and customization of the software is pretty expensive. Sometimes it is difficult for the company to adapt the ERP to the workflow and structure of the business. Once it is implemented after that the company cannot change the system due to high switching cost. Selection of the Software As per the nature and analysis of the companys operations and benefits of the ERP/AIS, it finds that the company is required the effective information system which helps in to save the efforts and time of the company. There are many versions of the software available in the market according to the nature of the production companies. Sungate Foods company is the medium sized company and it is important for management to choose the best-customized software that addresses the issues of the company.ERP software is appropriate for the company as compare to AIS.AIS is suitable for small companies where the production level of the company is less. AIS is especially for the shops, hotels, and offices where the volume of the work is not too high and the staff of the company is limited. AIS software is limited to the accounts and payroll department and it only monitors the other activities but ERP is designed for management of resources in the company including financial management, CRM, suppl y chain management and inventory management that is also useful for the accounting department. Finally, it is identified by the team of the consultants the ERP software is appropriate for the company after comparing with AIS. There are many ERP versions of the softwares which is given in the below table according to its functions and budget of the company. Name of ERP softwares Functions and description Adaxa Suite Java based language software and supports on all operating systems such as Linux, windows, and DOS. The Annual cost of maintenance is low. After sales support service is good and available 24*7. It helps to manage the cash, prospects, and order management and invoicing and cash receipts of the company. With this information, company can recognize the cost of the different departments and it reduces the cost of the functional departments (Winman, 2016). It quickly helps in payments to the vendors and suppliers once received the invoice or purchase order from the supply chain department. It supports the international and national financial transactions formats of the accounting. So it is beneficial for the accounting departments to accept and evaluate the international transactions effectively without causing any delay. SYSPROs It is also Java enabled software Cost of maintenance is relatively high 12 hrs of customer service and sales support is available. A centrally based software platform which coordinates all the activities of the business The reporting format is standard and not accepts the customized reporting (SCC, 2016). It does not support the e-commerce platforms The payroll functions are limited and it does not support the international transactions. Finalization of the Vendor and Software As per the above comparisons of the softwares and vendors it is identified that both softwares address the requirements of the company but Adaxa Suit softwares has more features and it is available under the companys budget. and there are a lot of technical functions which is flexible as compared to Syspros. So after the detailed analysis of functionality of the both the softwares it has been identified that the Adaxa suit is appropriate ERP package that serves the needs of the company. From this software company can effectively perform their operations and mitigates the problem. Conclusion As per the above-given case studies, it is concluded that the AIS and ERP plays an important role in the operations of the both the companies. It is also found that the AIS is beneficial for the small and medium organizations and ERP is appropriate for Medium and large organizations. Moreover, it seems that the both organizations have chosen the different accounting softwares packages according to the needs and functionality of the companys operations. These systems provide the facility of flexibility in updating of its resources that address the problems of the company more effectively. 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