Introduction to Business Enterprise Essay Example | Topics and Well Written Essays - 750 words

Introduction to Business Enterprise - Essay Example If the resources of the company are used for personal work whether nonprofit or profit making, then out and out it will be considered as nothing less than crime. First of all if they are used for personal benefit then it is resulting in individual benefit at the cost of the company that has nothing to do with the company profit. Again even it is used for nonprofit making purpose, the company is in no way is here to do charity in a competitive world. Daryl’s case can easily be analyzed at the light of the above discussion. The first offense that Daryl commits is that he is using company’s working hours to write a book for himself. The amount that he will eventually receive from the publisher after the book gets published and the successive royalties would be his sole property. Not a single penny earned in this manner will go to the company’s account. Even if it is considered that the book is written for aesthetic joy only and it has nothing to do with money, the a ction should be equally rebuked. The company pays him to complete the work that has been vested upon him, not to get indulge in creative joy that has nothing to do with the prosperity of the company. Daryl has even asked his subordinates to help him finishing the book. This is purely taking advantage of one’s higher position and a mark of unhealthy intra organization hierarchy. First of all the employees working under Daryl has no professional bindings to him so that they have to extend their helping hands towards Daryl that concerns his only his personal benefit. Again, the employees might have other works to do that are related directly with the company that will surely get neglected if they indulge themselves working with Daryl’s book. Daryl’s actions are purely unethical based on this. He should never have asked personal help to his fellow workers and even if he has to, he should have done that in their spare time. In Daryl’s shoe one should never min gle personal work with the official one especially using company resources and time if that only means for personal benefit. At most he can approach his immediate superior requesting his favor that whether he can write a book of his own if he gets some additional time left out of his official business. A discussion with co-workers regarding their spare time, work allocation and whether they would be interested to offer their help towards writing a book would also help to overcome any misunderstanding and will also earn respect for Daryl among his fellow workers. Once everyone starts considering Daryl as one of them, cooperation and coordination will follow suit even before one asks for them and will definitely lead to individual as well as social

Hard and Soft System Methodology

Hard and Soft System Methodology Introduction There are two systems thinking namely hard and soft which are used to solve the problems. Peter Checkland (1981) suggested that Hard system thinking which is identified in system engineering and system analysis has the starting point in structured problems and assumes that the objectives of the system are clear and stable. This system thinking has a formulated way to solve the real world problems. On the other hand, Soft system thinking which attempts to structure a debate about actions in problem solving has the start point in unstructured problems within social activity systems.      Ã‚   Fixitup Toys limited is a manufacturer of toys which produces outdoor and indoor games, self-assembly models and toy soldiers. There has been some concern about their rising cost of manufacture and consideration has been given to the outsourcing of some or part of the production. The vision of the Fixitup senior management team is to optimize manufacture processing to produce the highest quality and most advanced products by using E-business conforming to the lean manufacturing principles and integrating into their established QAD Application. In order to achieve these goals, we need to apply the principles of lean manufacturing. There are several key lean manufacturing principles including: Understand value in the eyes of the customer. Achieve perfect first-time quality. Continue improvement. Respect for humanity. Create pull. (Asefeso, 2011) After Gathering information from all aspects of the company the following steps will be taken: As can be seen, the Rich Picture is an unstructured way of capturing information flows, communication and human activity to represent complex problems and identify possible routes through to their solution (Berg, 2013). Avison and Fitzgerald (2003) stated that the Rich Picture is helpful since: 1. Lack of space on the paper forces decisions on what is really important. 2. It helps people to visualize and discuss their own role in the organization. 3. It helps defining the aspects of the organization which are intended to be covered by the information system. 4. It helps showing up the worries of individuals, potential conflicts, and political issues. (Avison Fitzgerald, 2003) With reference to the Rich Picture, there are following problems in Fixitup. Since about 74% of customers saw the service and quality as moderate or worse, the issue of quality of products must be considered. Further, a powerful information system helps different level managements for planning, decision making, target setting and their implementations (Stephanou, 1982).Therefore, quality control system and information management system are important and they will be discussed. Resource Resource Investment Requirement: Comments: VOC was not heard because there was no effective communication between the company and its customers. Remarks: By establishing a design department and integrating this department with the marketing department the customer feedback can be incorporated into the design. Comments: Lack of checklists caused the absence of the systematic process of QC hence, the chances of defects being ignored is considerably high. Actions: The design department and the quality team will be integrated to prepare checklists according to the quality required. Comments: Since there was no analysis of the defective products, the defects were being ignored therefore they were persistent. Actions: Train a quality control team who will be responsible for doing analysis, recording data and providing feedback. Comments: There was no coherence between the departments to respond to the quality issues. Actions: Develop communication channels between the supervisors and the technical, procurement and design departments in order to create coherence towards quality improvement. Comments: There was no system for controlling and monitoring the Quality Control Process. Actions: Train the factory manager on the QC process and how he should intervene in terms of analysing quality data and controlling the system. He will seek technical advice from technical, procurement and design department for a better monitoring of the system. Comments: Monitoring and evaluation of the information system are missing. Actions: Helen who is responsible for Internal Affairs and George can be trained for the information system and perform monitoring the system. Conclusion There are different problems in Fixitup which resulted in dissatisfaction of the customers. Due to having permanently relevance and also being expected to map on to an organizational boundary, the transformation from inefficient manufacturing to efficient manufacturing which has marketable products is assumed as the primary task process (Wilson and Van Haperen, 2015). Although discrimination between primary task- based and issue-based is often debatable, it seems quality control and information management systems are issue-based which help the primary task to be carried out (Waring, 1996). The current strategy of Fixitup is to optimize manufacture processing to produce the highest quality and most advanced products by using E-business conforming to the lean manufacturing principles and integrating into their established QAD Application. After drawing the rich picture the main problems of the organization were revealed. The strategic construct which was used was classification schemes of issues which helped to identify the differentiating characteristics necessary to improve quality control and information management systems (Verma and Boyer, 2000). Further, the system construct used for quality control was input and output; modelling of such system involves modelling of each process separately considering the connection between them (Apolloni, Howlett and Jain, 2007). In addition, the system construct used for information management system was integrated elements; in which different elements including communication, information and resources were integrated for the suc cess of the system (Khan and Burn, 2013). Otley and Berry (1980) argued that four conditions must be satisfied before any process can be said to be controlled. In the existing situation there was no one responsible for monitoring the systems and consequently, there was no capacity to take corrective actions (Emmanuel, Otley and Merchant, 2013).However, in the proposed systems, George and Helen were nominated to monitor the systems. To sum up, the details of the two systems will be discussed in the following tables. System name and type Quality Control Process; The input and output system construct. Role of information Due to lack of information about the requirements of customers and standard criteria set by the management, the products were just inspected for the appearance by the operators. Therefore, the application of information which was vital to improve the quality of products was missing and consequently the reputation of the factory was being worsening. Information needed to develop In order to use the information to improve the quality of products we need to know: Quality Criteria: After hearing the voice of customers and considering the strategy of the company the criteria for quality of products such as weight, shape and material should be prepared in a simple format. Training of Workers: There was no information about the training of operators and even management in terms of quality control. Historic quality data: The historic quality data including survey reports, the number of different products produced, the number of return items should be available for better assessment of the quality of products. Coherence between QC and departments: There was no information as any department is dealing with quality matters. Further, there was no information about communication between operators and departments, if any, in terms of quality of products. More information is needed to evaluate the possibility of automating the QC department. Intervention In order to solve the problem of quality of products the following actions are suggested: Develop a design department and integrate this department with the marketing department so that the customer feedback can be incorporated into the design. The design department and the quality team should be integrated to prepare a checklist according to the quality required. The quality control team will be responsible for doing analysis, record data and providing feedback. Develop a communication channel between the supervisor and the relevant technical departments in order to create coherence towards quality improvement. Factory manager should intervene in terms of analysing quality data and control the system. Risks Even after the intervention, the following risk associated with quality of products exist: Even after the successful QC audit, there is a chance that the toys will break while transferring/ packing. The Technical and procurement departments might not react to the QC feedback. There might be a friction between the Factory manager and the design team in terms of accepting innovative designs. There might be dissatisfaction of factory workers due to job enrichment without a pay increase. Cost Benefit Analysis In order to assign a monetary value to the benefits, we need more information to predict the revenue accurately as well as intangible benefits (Mindtools.com, 2016). Having good quality products will result in increasing the loyalty of existing customers and acquisition of new customers and consequently, it will increase the revenue. In contrast, the firm may incur some costs to apply the changes. In this case, we do not have enough information about the existing departments and the expertise of employees. Assuming that none of the employees

Artificial Tanning Essay -- Skin Cancer Culture Papers

Artificial Tanning Jim Rice loved the way tanning made him look and feel, that is, until he became personally affected by the dangers that came with the frivolous glitz and glamour of a nice tan. Artificial tanning has become a sub-culture for youths across the nation. Those who do not go tanning are a minority and those who do tan ignore the health risks posted in every tanning booth and bed in the state of Massachusetts. However, for Jim Rice, a middler chemical engineering major at Northeastern University, the health risks of tanning transformed into a frightening reality. "Recreational tanning was always the hip thing to do back in high school," said Rice. "But when I started to notice skin discoloration on my lower hip during my senior year of high school it wasn't so hip anymore." When doctors told Rice that he had pre-cancerous cells in existing moles he didn't think much of it. He figured that he would have the moles removed and his worries would be over. "I got the most perplexed when my dermatologist told me to stay out of the sun and wear sunscreen at all times," said Rice. It was as if being tan was more of a priority than his health. Following his initial surgery, Rice had to pay a trip to his skin doctor every six months. Upon his first visit back to the doctor, Rice was diagnosed with two cancerous growths - one pre-cancerous and one cancerous. Another surgery would have to take place immediately. Suddenly, Rice looked back on his frequent tanning salon habits and his "darkness" competitions with fellow lifeguards over the summers in utter regret. Rice has had seven surgeries since. He had plastic surgery to help reduce the scarring on his body. His doctors placed him on an extremely high risk f... ... admits that she is impatient and would rather get spray-tanned in 30 seconds over sweating in a tanning bed for twelve minutes. There are no proven health risks of spray tanning as of right now; however the FDA is investigating the safety of the DHA component in the "Mystic Tan". "Everyone should be aware that what happened to me could very possibly happen to anyone," said Rice. "The risks that come along with tanning are not far from a reality, even if they sneak up on people ten or twenty years down the road." Rice understands that tanning provides an ultimate self-esteem boost. Although Rice wishes that he could get his tan back, he realizes that tanning is only a temporary satisfaction. He has learned this the hard way. "People really need to weigh out how important tanning is to them and if they are prepared to deal to the consequences," said Rice.

An ideal teacher Essay

Teachers, as we all know some are strict, some are lenient, and some are funny. Every teacher wants to be a good teacher. An ideal teacher is the one who is loved and respected by every student. A student will remember such a teacher long. How can a teacher become an ideal teacher? For years in this field, I would be happy to say, that is not an easy job. Will the students remember me after they have become a successful person? To start with, an ideal teacher is someone who is willing to get up every morning with great excitement to teach. Students do not like a harsh teacher. A teacher who is always find fault with the work of his students in any task and scold them a lot, is an object of fear for them. Such a teacher is respected by the students from outwards only, he is not respected by the students from the bottom of their heart. An ideal teacher should, therefore, have a good personality and abundant knowledge. He should know the psychology of students and also their individual problems. Knowledge is ever growing and so an ideal teacher should always prepare his lessons before he enters the class. He should be able to make the students feel interested in their subject and know that their minds are growing under his teaching. An ideal teacher is confident in his class. His voice is clear. What he says should have clarity. If he has knowledge of allied subjects, it would also help him to teach better. He is punctual, neatly dressed and disciplined. His character is perfect and spotless.

Enron Corporation and Anderson case study Essay

Analyzing the fall of two Giants This case results in the publishing of Sarbanes-Oxley Act of 2002 and relevant to the Securities and Exchange Commission. Also, it is related to SAS 103: Auditing, Quality Control, and Independence Standards and Rules. [1] What were the business risk Enron faced, and how did those risks increase the likelihood if material misstatements in Enron’s financial statements? The business risks Enron faced are as following: †¢Using complex business model †¢extensive using special purpose entities †¢using untraditional ventures to expand business rapidly †¢limitations in GAAP The complex business model used in Enron lead overstate its revenue while not disclose the exact value of debt. Numbers of special purpose entities are used to keep debt off the books. The untraditional ventures incense the business expansion rapidly and risky. Also, the limitation of GAAP makes it possible that management took advantages of complex standards to hide the actual economic substance. All of these above increase the likelihood of material misstatements in Enron’s financial statements. [2] (a) What are the responsibilities of a company’s board of directors? (b) Could the board of directors at Enron—especially the audit committee—have prevented the fall of Enron? (c) Should they have known about the risks and apparent lack of independence with Enron’s SPEs? What should they have done about it? The responsibilities of a company’s board of directors include: †¢Protect the shareholders’ assets and provide a return on investment †¢Make important decisions that affect shareholders (dividends) †¢Decide on which executives to hire / fire The fall of Enron could have been prevented by the board of directors. The board should responsible for the company’s financial reports. However, they are failed to disclose the off books liabilities to the public, which led  the Enron fall. What is more, the board and the audit committee do not question any of the high risk transactions. They should have known about the risks and apparent lack of independence with Enron’s SPEs. They should recognize that the high risk transactions with SPE will have huge effects on Enron. Meanwhile, they should ask SPE to disclosure financials properly. [4] What are the auditor independence issues surrounding the provision of external auditing services, internal auditing services, and management consulting services for the same client? Develop arguments for why auditors should be allowed to perform these services for the same client. Develop separate arguments for why auditors should not be allowed to perform non-audit services for their audit clients. What is your view, and why? Auditors should not be allowed to perform non-audit services for their audit clients, because auditors need to be independence. If an auditor provide management consulting services for his audit client, he is just audit what he have done, which ,I think, is meaningless. On the contrary, some people may agree that auditors should be allowed to perform their services for the same client. First, choosing one firm to do all of these services can save a great deal of money. Second, the auditors will much more familiar with the client’s business and its industry, which make their work efficient. [6] Enron and Andersen suffered severe consequences because of their perceived lack of integrity and damaged reputations. In fact, some people believe the fall of Enron occurred because of a form of â€Å"run on the bank†. Some argue that Andersen experienced a similar â€Å"run on the bank† as many top clients quickly dropped the firm in the wake of Enron’s collapse. Is the â€Å"run on the bank† analogy valid for both firms? Why or why not? Yes, I think the â€Å"run on the bank† analogy valid for both firms. The fraud of Enron’s financials leads a collapse of investor, customer, and trading partner confidence. Its stocks experience a sharp slump. Meanwhile, Standard & Poor’s re-classify Enron’s stocks as junk bonds, making almost every stockholder feel unsafe. The price drops to $0.26 per share in couple of days. Even worse, debts holders begin to call the loans because of the diminished stock price, which lead the collapse of Enron directly. Andersen experiences a similar situation. The damaged reputation of Andersen results  in losing many top clients and partnerships oversea. [9] What has been done, and what more do you believe should be done to restore the public trust in the auditing profession and in the nation’s financial reporting system? The Sarbanes-Oxley Act of 2002 is a good way to restore the public trust in the auditing profession and financial report. The Act required top management to certify the accuracy of financial information individually, and increase the independence of outside auditors. As the most severe act in history ever, I believe SOX can help to restore the public trust.