Essays on Contingencies

One of the greatest philosophical debates of all times has had to do with how one obtains one’s identity. In the present day, the two main currents are known as nature and nurture. The first of these contemplates an intrinsic source, usually biological in nature, that determines one’s actions. On the other hand, those who are on the nurture side of the debate believe that the contingencies that may happen during a person’s life are the ones that cause who one is in the future, and what choices he or she will take. Even though they ...

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Abstract

In 2013, the fifth edition of the Diagnostic and Statistical Manual of Mental Health Disorders (DSM-5) grouped all subcategories of autism-related disorders in one umbrella, and it is called autism spectrum disorder or ASD. Characterized by repetitive behaviors and communication and social skills deficits, many children from all around the world are afflicted with this disorder. Throughout the years since its discovery, researchers and mental health experts have been interested in completely understanding the nature, etiology, and possible treatments for ASD. Through continuous research efforts and studies, several perspectives have been established to explain the causes of ...

Summary of Skinner and Piaget Articles

Summary of Skinner and Piaget Articles B.F. Skinner The article on Skinner discusses (2008) his theories about verbal behavior. He refutes other theories of language acquisition and verbal communications, making the case that all verbal communication is a behavioral response to environmental stimuli. Over time, a human being develops patterns from repeated responses to a similar stimulus and the result is a collection verbal behaviors that appear to characterize that individual’s personality (as cited in Diessner, 2008). But, says Skinner (2008), the verbal behavior is not driven by any internal personality or character of that person, only by ...

John Sunna

IFRS and GAAP are two most commonly used accounting standards. The differences between them complicate the comparability of financial statements of different companies. The accounting bodies understand the necessity of convergence of the two standards. Thus, the International Accounting Standards Board (IASB) and Financial Accounting Standards Board (FASB) work on several joint projects to facilitate this process. This paper addresses the differences and similarities between IFRS and GAAP as regards accounting for financial instruments, long-term assets, and liabilities. IFRS 8-1: What are some steps taken by both the FASB and IASB to move to fair value measurement for financial ...

Q1 (a) Cash Flow Statement for the period 1 Jan 2015 to 31 December 2015

The missing/modified figures (as shown in yellow in the cash flow statement) are calculated as follows: Employment income, Keaton, Given, Gross Salary and Bonus= $120,000.00

Alyssa,

Given total salary and bonus=$64,800

Half paid in Aus and half in Singapore,

Thus her Salary and bonus paid in Singapore=$32,400

Employer’s CPF contribution,

Keaton- 37 % of 120,000=$44400 Alyssa- 20% of $32,400=$6480

Dividend and rental income

Dividend – Keaton-No dividend in 2015 Alyssa, $689 in 2015 Rental income Keaton and Alyssa combined rental income for property in Singapore registered under joint tenancy agreement is $3,050 per month or $36600 for the year.

The portion of CPF and cash used for the housing installment is as mentioned below.

Total housing installment =$4099

Keaton:

Total monthly income=$10, ...

Comparison between Leadership skills of Project Manager versus Operations Manager

Leadership qualities in a manager are essential for influencing the employees to make an effort towards realizing organizational goals. A manager must have the necessary skills to evaluate a situation, make plans to achieve predetermined targets and guide his team for achieving them. These targets may be set for a short term or for a long term; an operation manager is concerned with achieving short term targets where as a project manager takes decisions on long term issues. Both exercise leadership skills for achieving the goals, which have some common and different components which have been compared in the ...

Management and Leadership

Part 1: Theory and reviewSection 1: Introduction There are two major views regarding contemporary management and leadership. The first is the personality perspective. In this perspective, the major influence of the leader is shaped by his power to influence other individuals towards achieving some goals. Therefore, the leader uses special traits that serve as bait and amalgamation for these individuals to work towards some common objectives. The other view is the behavioral aspect. In this case, the leader selects some tools that are directive, participative, and achievement oriented. The basis for selecting these tools is the needs of ...

Slide 2

Contingency theory is a part of behavioural theory that states that the success of a leader is not dependant on the leadership style (method) but is rather dependent on the external and internal factors of a situation(Lorsch, 2010). The theory basically explains that a leader does not succeed simply because of the style of leadership he/she uses but rather because of other factors (contingencies) such as the situation, the preferred leader’s style, the qualities (behaviour/character) of the leader, and the diversity of the leadership styles (how the leader is able to employ different styles in different situations). Therefore ...

Business management methods have recently come under fire because of the America's waning dominance in the business sector, as China and India have quickly risen and provided stiff competition. In his scintillating work, The Future of Management, Gary Hamel, London Business School management consultant and professor, opines about how technology has permanently altered the way that businesses and organizations operate. Hamel has been touted by many critics to be the most iconoclastic yet influential business philosophers in the world today, as he has worked with many leading businesses on the world stage with regards to management structure. He has ...

Article Summary

The article has various aspects of information that may have not been fully expounded in the book. The article talks of, “’Contingent Liabilities’ May Not Be So Contingent” and that, there should not be any disclosure required if claims have not yet been asserted. The article further stares that, “unless it is considered probable that a claim will be asserted and it is reasonably possible that the outcome will be unfavorable.”

‘Looking Behind the Balance Sheet’ is what else is covered in the article that its idea is not found in the book. This phrase refers ...

- Briefly discuss the benefits and limitations of the organizational grapevine.

Organizational grapevine refers to the informal communication network that exists in organizations. It allows transferring information (including gossip) among members informally and is based on personal relations and trust. Although grapevine is hard to formally define or implement in the decision-making, the costs and benefits of grapevine cannot be ignored. Firstly, grapevine is usually faster in transmitting information and could allow managers to make more rapid decisions. Grapevine information is usually more flexible as it is not confined within formal communication frameworks. The use of grapevine communication channels ...

I) What are the current opportunities for Toyota?

The Toyota Automobile Corporation operates in a complex global industry. In order for this company to realize the current available opportunities for growth and expansion, Toyota Corporation has to take into account the entire global automotive environment. The company’s mission is to make better cars and contribute to society (Toyota Motor Corporation, 2010). To achieve this mission, Toyota offers quality cars at affordable prices, puts its customers first and practices good customer service to all the clients. There are various current opportunities for Toyota. One of these opportunities is investing in the production of some of its own ...

Strategic management is identifying the purpose of being of an organisation and formulating and implementing plans that are designed to achieve its objectives (Pearce and  Robinson, 2010). It helps a business entity interact with internal and external business environment in such a way that maximises profits. Thus, strategy is important and integral part of a business right from the stage of concept formation to plan implementation. The paper aims to understand the strategic management process that an organisation adopts to enhance performance and its utility in a running a business successfully. Five critical steps of a strategic management process are goal setting, analysis, strategy formulation, ...

Disaster and emergency management protocols are a vital need, not only for public governmental entities, but also for private companies as well. Organizations that lack emergency management plans, or whose plans fall short of the “best practices” that have been identified for emergency management, may thrive in the short term, but are headed for a date with the major news media. Sometimes both the public entities and private companies fail to ensure proper disaster and emergency management protocols, leading to unnecessary tragedy, in the form of death and damage to property. One example of this is the Bhopal disaster that ...

Compare and contrast

Abstract In today's market, the target of each firm has been coordinated to distinguishing a special ability in order to achieve game changer in the commercial center by guaranteeing that their skills are all around used. With the competition in the hotel industry, there has been the need to have ways in which the industry players will have improvements in their services. It is one way in which the industry and other players will be able to improve their business processes in order to have better business. Associations should not be kept to their utilitarian spaces however ought to ...

Discursively framed as “living death,” solitary confinement is considered to be the worst punishment for criminal offenders, as medical experts have noted that such an isolating experiences causes derangement of personhood on a grand scale. Indeed, one’s sense of concrete and tangible personhood depends on embodied relations to other human beings within the matrices of a shared universe in which meaningful experiences through relationships I s of paramount importance. As s result, solitary confinement has time and again been scrutinized in the western world because it is a practice that, human rights activists and lawyers argue, that is abusive in intangible ...

Introduction

For increased efficiency in the hiring of employees within an organization so as to ensure consistency as well as in compliance with the procedures of recruitment and selection it is recommended that the following measures need to be adhered to.

Human resource recruitment procedures

These include identification of the vacancy with evaluation for the need which is followed by the development of a description of the position. The next step is the development of a recruitment plan followed by selection of a search committee proceeded by posting of the position and implementation of the plan for recruitment. This is followed by review of the applicants and ...

Executive Summary

Marketing planning provides a guide for a business’ marketing operations outlining the action plan with strategies that are based on well analyzed market and business products. In that respect, this plan presents a marketing plan for Himalaya Shampoo that operates in India providing hair care shampoo products. The Business has been identified to have suitable resources, structure and management to enhance competitiveness in addition to having opportunities that draw from positive external environment. In that respect, the business target market is selected to include low income group and a high income group that is to be served with two hair shampoo products. The ...

Individual Income Tax (North Carolina)

Individual Income Tax (North Carolina) Personal income tax or individual income tax refers to the levied tax on personal income. Here, individual refers to a person, non-juristic body of person, an ordinary person or an individual estate. For an individual to be liable for personal income tax, one has to compute file tax returns, compute tax liability as well as pay the indicated tax as according to the calendar of the year. The individual tax income differs in different states with each state having its own rights of running the tax provided by its residents. This research would look ...

COMM 2312 Technical and Professional Communication

Group Members Names with IDs Information Abstract The business proposal identified the need for the establishment of an organization that specialized in providing leadership training and development in view of increasing competitive pressures in the global environment. As such, the proposal is to provide the services in leadership skills training through the newly established organization, Smart Solution Training Organization, to address training needs and requirements of other private or public organizations on a global sphere. As such, the proposal hereby presents details that would justify offering the leadership training and development services to benefit other organization’s leaders ...

Introduction

Homeland Security faces many distresses day in day out managing to outmaneuver some, and some are just inevitable. However, among them is one that is advancing at a dangerous rate: cyber security. The heightened growth rate is because of the high rate with which technology is advancing. The internet, which consists of billions of interconnected computers, has just increased the potential of this “goblin”. Cyber security has been on our necks ever since networking came to life. Once the information goes on board the network, its safety is no longer guaranteed. It is prone to compromise any time and once ...

PART 1: Dark Leadership

Introduction Dark leadership is defined as the “systemic and sustained behavior by an organizational leader that violates the organizational interests by denting and /or sabotaging the organizations tasks, resources, goals and effectiveness and/or the motivation , wellbeing or job satisfaction” (Sankar,2003, p.112). In recent years, organizational leaders have gained much recognition as agents of entrepreneurship and change. As much as many tend to focus on the positive elements associated with leaders certain liabilities or risks are also entailed (Herbst, 2014). These very behaviors have the power to produce problematic or devastating outcomes for their organizations. This usually takes ...

The analysis of 15% guarantee sounds satisfactory since it is above the average and the historical average in the country. Going by such a rate, it means that the investment in the annuity will earn an amount of 240000 annually which is above the $120000 required for annual maintenance. However, the couple has a high aversion to risks and unaware of the market shocks and the decline in stock prices that the country experienced in 2008. They, therefore, feel that your analysis is not adequate to address these concerns. Supposing that the market experiences financial problems again, and the value ...

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No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning or otherwise, except as permitted under Sections 107 or 108 of the 1976 United States payment of the appropriate per-copy fee to the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, website www.copyright.com. Requests to the Publisher for permission should be addressed to the Permissions Department, John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030- 5774, (201)748-6011, fax (201)748-6008, website http://www.wiley.com/go/permissions.

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ISBN ...

Variance Analysis

According to the statement of operations provided, personnel expenses that have a negative variance were managerial/professional personnel expenses that had a negative variance of $750 that resulted from actual expenses of $ 8500 against a budgeted amount of $7750. Net salaries and wages had a negative variance of $550 due to budgeted and actual amounts of $9750 and $10300 respectively. Benefits had a negative variance of $200 from budgeted expenses and actual expenses of $1200 and $1400 respectively.

Possible Causes of Negative Variances and Proposed Solutions

One possible cause of negative variance is under-budgeting. This means that planned amounts for use were lower than the expenses. This would imply a mistake in forecasting by ...

All rights reserved.

No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning or otherwise, except as permitted under Sections 107 or 108 of the 1976 United States payment of the appropriate per-copy fee to the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, website www.copyright.com. Requests to the Publisher for permission should be addressed to the Permissions Department, John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030- 5774, (201)748-6011, fax (201)748-6008, website http://www.wiley.com/go/permissions.

Printed in the United States of America.

ISBN ...

Abstract

Shaping is the process used to develop a terminal behaviour through reinforcing its successive approximations systematically and differentially. Successive approximations refer to the building blocks of the eventual behaviour. Shaping is applied in various contexts that can range from using shaping to teach children how to use contact lenses, how behaviour analysis can influence people with intellectual disabilities. Also, it used to study the performance track of athletes, and how to eliminate autism in children. Moreover, shaping is also applicable in helping people quit smoking and teach self-initiated toileting among children. The authors provide various agreements to advance their research, ...

Introduction

The economics of war as defined by the economists is the contingencies that appear in the form of sets that is undertaken by the globalised nation's state to mobilize its economical infrastructure and economy for war production. The great patron of economics, Philippe le billon defined the economics of war or a war economy as the system that is to produce and mobilize the resources to sustain the violence that occurs in the time of war. When the measures are taken to settle the economic infrastructure like tax rates are increased with effect that increasing in the tax rates and ...

This essay has been written by Name of Student of Class of Student of Name of College

The Blank Slate: The Modern Denial of Human Nature written by Steven Pinker was published in 2002. It was the best-selling book of 2002 that argues about the adaptation of human behavior by evolutionary psychology. Pinker talks about the three inter-related doctrines challenged by the modern science. The three doctrines or dogmas comprise the leading examination of the human nature in scholarly life. First one is the blank slate that means that the mind does not have any inborn qualities and it is like a clean slate. Second one is the noble savage which means human is born good but ...

The Importance of an Emergency Management Plan: Mitigation, Preparedness, Response and Recovery

It may not come as a surprise to say that, as humans reach out in search of food and shelter, it is the environment around them that is being abused. As man’s needs grow, so too does the pressure on the environment grow, as a result of which, an ecological imbalance is created unconsciously. And once an ecological imbalance occurs, a series of events are triggered that culminates in large scale loss of life and property. There is no doubt the importance the environment has on life on this planet, but man himself, pressed for space, finds no other option but ...

Chapter Two: Real Estate Lending Decision in Kuwaiti Banks

Literature Review

The five Cs of credit model – character, collateral, capital, conditions and capacity, all serve as important indicators for gauging the inclination and aptitude of debtors in fulfilling the obligations they have to their respective creditors (Sraeel, 2005, p. 40, par. 5; Strischek, 2009, par. 2). It is thus advisable for creditors to make their decisions based on the five Cs of credit model in order for them to assess the creditworthiness of their respective debtors properly (Strischek, 2011, par. 1). The prominence of the five Cs of credit model resurged most recently during the 2008 global financial ...

Management

Goss (2005), in Building a Contingency Menu: Using Capabilities-Based Planning for Homeland Defense and Homeland Security, says that Homeland Defense and Security planners need to develop a contingency plan to neutralize potential terrorist threats. Because of their shrewd and adaptive strategies, the Department of Homeland Defense and Security agency has come up with the concepts of ‘lines of operation’ ‘capabilities’ as the dynamics to define and explain potential and likely interactions. Moving from the more rational idea of, ‘who is the threat?’ to ‘what could the threat do?’ has given Homeland Defense and Security planners a broader spectrum of possibilities to explore ...

Question 1

Net expected value of risks and opportunities Net expected value is the sum of the product of possible outcomes and the attached probabilities. Therefore, the net expected value of the risks will be the sum of the product of possible risks and the attached probabilities while the net expected value of the risks will be the sum of the product of possible risks and the attached probabilities.

Question 2

Contingency reserve budget based Contingency reserve budget is an estimate of resources to be set aside by to pay for probable undesired outcomes that may occur. It is computed by ...

Project Overview

As it was presented and further approved by the Board of Directors, this document aims to enact a detailed implantation plan of the Online Loyalty Program for the clients of an Eagle´s Next Hotel Chain. Current loyalty solution applying physical cards proves to be ineffective and market competition drives innovation in this sector. Given the IT capabilities and existing market technology it was suggested that the company develops personalized mobile application that will serve as a loyalty cards upon validation of the hotel stay.

The arguments behind the recommendation for the investment portfolio were summarized as follows:

- Financial benefits from the project account s for USD$ 20 million in profit over the ...

Definition

There are 4 major types of planning: 1) short-range or operational planning, 2) long range planning, 3) contingency planning and, finally, 4) strategic planning. Short term planning refers to the decisions and planning generally made by junior management on departmental or unit level. Decisions made within a short-range planning scope are related to day-to-day operations of the business. Short-range planning generally builds on other levels of decision-making process, such as strategic planning, bringing into the picture tactical organizational objectives. With that in mind, short-range planning process is concise and follows standard setting process: - Set the objective ...

Staples, an African American man recounts the manner in which his physical presence caused terror to the whites while moving about Chicago as a graduate student and free citizen. In countering the negative impacts of the white fear he undertook whistling classical music piece from Italian composer Vivaldi. This means that he worked on getting a new identity. This was a contingency to victimless victims for his blackness making him even safer. The dangerous black men did not pay attention to classical music hence, the hope goes. The incongruence between Staples’ stereotype as a predator and his musical choices were aimed at disrupting ...

Introduction

Food security exists when people have unconditional access to adequate food with the necessary nutrients to sustain healthy life styles. According to FAO, food security is different from famine even though both states have some close relationship. Population refers to the number of people in a particular area at specific time. Population growth in turn explains the rate at which the occupants of a certain area increase over a specific period of time, like a year. This paper will explain the link between food security and the rate of population growth in China by exploring the extent to which food insecurity in China ...

Technology Solutions Business Case

Abstract Starbucks is one of the most famous, if not the most famous, brands not only in the coffee industry but in the worldwide market. Contrary to what a common person may think, Starbucks has been raised and developed as a for-profit organization and it too, just like any other business has to always come up with something to increase the volume of their sales, increase the returns of their every investments, or increase the levels of productivity of their current workforce to maintain their market position and competitive. One of the most challenging aspects of handling a multi-national, multi-million dollar ...

Treatment of contingencies has gained significance in the wake of mergers and acquisitions prompted by recessionary trend and exposure to Sarbanes-Oxley Act (SOX) and as part of risk-management. Accounting Standards Codification (ASC) 450 applies to “Contingencies”. It relates to both the contingencies of loss and gain. Except for the carry forward of tax loss, gain contingencies are not recognized since it is not apt to be recognized before actual realization. US.GAAP does not allow recognition of contingent assets and only requires brief disclosure when a future gain is likely to be realized. However, loss contingencies can be recognized. They ...

Element of business

Introduction Business functions and operations can be defined on a basis on relevant rationale within which an establishment is projected through specific operational models. In order to enhance business success, important attributes need to be out into consideration through major enhancement of integrating the required reasoning and well guided measures in the overall business structure. In this analysis, we discuss the ideal business elements and how they are relevant in a business and its overall performance levels.

Basic legal, social and economic environments

Basic Legal For any organizations to function in a state it has to confine to the countries laws and regulations. For a multi-national company ...

There were several challenges faced by General Electric during and after the year 1981. Several issues which existed in the company were brought to light and prompted by CEO Jack Welch. Several competitors of Welch who left the job when he became the CEO were required to be replaced by the new management. The priority was to reduce hierarchical bureaucracy and communication barriers between managers and workforce to eliminate the elements which made acceptance of plans and proposals difficult for the managers. The workforce employed by the company was redundant with work and the efficiency that was achieved was ...

Lab Report on Self-worth

Abstract Researchers have found that there are three major determinants of global self-esteem that is tendency to experience positive or negative states, a person’s conception of strengths and weaknesses, and the way one frame his or her own self-views. Some people though they have achieved few things in life, they still have high self -esteem and consider themselves worthy. Other people though they may be viewed as successful by other people, they may have low self-esteem and if not protected and encouraged they may commit suicide(Almon, 2002). This report seeks to respond to the fundamental questionspeople’s ...

Kariba dam was built between 1956 and 1963 and by that time was the largest manmade lake in the world-lake kariba. It was officially opened by the queen of England, Queen Elizabeth the second on May 16th 1960. At that time it was Africa’s most ambitious project switching the first electric generators of the time. A double concrete curvature arched dam wall was standing at above 128metres above the river bed. It was also a stretch of 617metres across the gorge of kariba on Africa’s second largest river-river Zambezi (Jansen,8). The dam created a stretching inland sea ...

Abstract

This paper discusses contingency planning for an organization's IT resources. In particular, it discusses the six contingency planning steps; the recovery options for IT resources; the recommended testing requirements; and a recommendation for a proposed 24-month cycle business contingency test plan. The paper concludes that a contingency plan should cover all of an organization’s resources and that the contingency plan for its IT resources should complement and support those of the other resources.

Introduction 4

Contingency Planning Steps 4 Identification of Mission- or Business-critical Functions 5 Identification of the Resources that Support the Critical Functions 5 Anticipation of the Potential ...

Introductory section

- Does this material define the primary government? The document has defined the primary government in which the city operates under as the council manger form with six members who are elected for a four year term. - Does the introductory section discuss the government’s financial condition at the balance sheet date? The introduction briefly discusses the financial position of the government where it states that on a government wide basis, the city’s net assets grew by $19.6 million in that fiscal year which was generated by governmental activities it continues to state that the city’s combined ...

This Business plan is designed to setup fashion garments manufacturing and retail business in the city of Milan, Italy. The target market would be people within the age bracket of 13-49 and fashion conscious customers. The unique selling point will be attractive designs, quality, embroidery, fabric and sizes. The company will open two retail outlets in the city and arrange agreements with three leading departmental stores for the purpose of sale (Businessoffashions, 2007). The designs, fabric and quality will clearly differentiate our product from its competitors. To adequately cater to the needs of the customers, the market is ...

Introduction

The XX century is characterized by rapid development of management in both theory and practice. According to to G.Cole (2004), “the search for universally applicable principles of management began in industrial heartlands of Europe and America in the last years of the nineteenth century”. (13) A variety of theories of management were developed both by theoreticians and practicing managers. Different approaches led to the emergence of multitude of definitions of management. Most popular definition if management belongs to H.Fayol, who considered management from the point of view of an activity and defined the term “to manage “ with reference to ...

Introduction

Generally accepted accounting principles refer to the accounting standards that lay the procedure and method of operations in the larger accounting discipline. In the preparation of accounting information and data, the process ought to be guided by an inclusive framework that essentially encapsulates accounting principles. It should be appreciated that the generally accepted accounting principles do not necessarily give the substantive rules rule procedure; rather, they give the guidelines of operations. The paper briefly discusses some of the essential generally accepted standards and their relation to healthcare finance and reports.

Consistency

Consistency refers to the application of a definite procedure and ...

Source: After Kavadias (2004)

A Supply Chain is the related activities that deal with ensuring availability and provision of raw materials for production up to the finished product consumed by an end user or customer. Supply logistics on the other hand is the science of planning in order to achieve efficiency and cost effectiveness in any process. Military logistics refers to the exercises that involve planning and executing the movement and maintenance from one stage to another of the military forces and their weaponry. Comprehensively, military logistics are the aspects that involve designing, creation; acquisition, distribution, maintenance & storage ...

Evaluating Contracts

What are the benefits and drawbacks of fixed-price contracts from the perspective of a contractor?

A fixed price contract is one that the government pays a fixed amount without any adjustments. It does not consider the actual costs that the contractor will incur in completing the contract. This contract is appropriate when reasonable market prices are easily determinable in advance. This type of contract is also applicable when supplying standard issue goods such as military contingencies. The prices of such items are determinable and fixed at the beginning to the end of the contact. The contract has the following characteristics, ...

It is difficult to explain a complex phenomenon such as human behavior. However, if human behavior can be observed carefully from an objective position and understood for what it is, it can be possible to adopt a more sensible explanation. Various theorists have attempted to explain human behavior through scientific approaches, and B. F Skinner is one such theorist. For Skinner, all human behavior, both internal and external, can be explained by the environmental impacts produced. In any given situation, a behavior is followed by a consequence. The behavior is most likely to be repeated in future similar situations if the consequences are ...

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Leadership Theory and Practices Introduction

Leadership is important for any group of people that has come together for a common purpose. Clark (2004) defines leadership as a process by which a person influences others to accomplish an objective and directs an organisation or institution in a way that makes it more coherent and cohesive. Thus, a leader steers and stimulates a group of people towards achieving a shared goal. While this is the basic role of a leader, people’s approach to leadership varies widely. The objective of the paper is to analyse the leadership approach of a chosen leader based on key leadership theories that provide ...

Executive Summary

McDonald’s, with its huge customer base and steadily increasing revenue, has proved the excellence of it operations management. Operations management can be defined as a long term strategy that shapes a company’s operations in such a way that it is aligned to organisational goals, market requirements and available resources. The objective of this paper is to delve through the effective operations management strategies of McDonald’s that have significantly contributed to its huge success. It studies the various the components of operations management and how effectively it has been utilised in McDonald’s. The corporation is the leader in ...

Emergency Management and its Effects on Police and Fire Personnel

Emergency management refers to measures established to manage risks in the community. The government, private and volunteer agencies engage in wholesale and coordinated plans. They also engage in structures and needs in order to deal with emergency needs when disasters occur. The police and firefighters are some of the staff who contributes to maintaining safety in the community through responding to emergency events before, during or after it occurs. Emergency response is dependent on implementation of well-designed emergency systems (Brunacini, 2002). Minor disasters such as storage incidents and fires occur regularly in states around America. The police, medical unit ...

Business environment is dynamic and has evolved over the years. This has resulted in the development of a number of contemporary accounting changes to cope up with the evolving business environment. These contemporary issues include; computerised accounting, human resource accounting and, social and environmental accounting. Computerized accounting involves using computers and the various accounting packages for book keeping and production of various financial and managerial reports. This has been necessitated by the need to manipulate larger sums of money and increased complexity of financial transactions. Human resource accounting involves measuring and recognizing intangible human expertise in management and ...

To Small Businesses

Introduction

Modern day markets are highly competitive in nature. Organizations need to have effective management in order to capitalize on opportunities and minimize risks. This especially applies to small and medium businesses and enterprises or SMBs and SMEs as they are popularly known. Entrepreneurship has been encouraged in every economy, with state governments launching several programs to aid small and medium business owners to develop a competitive edge and survive in the market. With the increasing use of e-commerce, thousands of people attempt to convert their ideas of a business into a healthy and profitable venture. However, in order to make a business ...

Power is a significant tool in decision making. It differs from authority in the sense that it is derived from ability while authority is derived from a right. The ability to influence people in decision making is a unique character trait of personalities in any organization. Decision making is central to the success of an organization. This is why the value of information systems classifies the levels of decision making; that is the strategic, the organizing, and the operational levels of decision making (Lukes, 1974). The main idea of this paper shall be confined to the role of power in decision making. ...