When it comes to management of a company’s finances, it is essential to know that the information can cause a manager to be vulnerable to misinterpretation, manipulation and deliberate deception. The purpose of the fiscal documents is to assist the top managers to make a decision, but the decision has to undergo many ethical considerations to ensure that the decision benefits the company regarding sales and does not negatively affect its financial status in the market (Coombs, Hobbs & Jenkins, 2005). Matters of ethics when it comes to management of finances have not been the primary attention of many ...
Essays on Coombs
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Introduction The crisis management plan has been structured to deal with possible unionization or collective bargaining agreements leading to strike of the workforce in Blossoms Up. Meanwhile, the following paper investigates the crisis scenario to develop most suitable crisis management plan according to the order. Admittedly, the Crisis Management Plan can be evident to control such unintentional disruption.
The crisis management team
In order to respond to the strike situation, the role of Human Resource, top management, and legal assistance will be evident. Therefore, each of the said department must be included in the crisis management team to deal with the unwanted scenario. ...
Value Chain
The objective of analyzing Monster’s value chain is to make a product that will become popular to its customers, which includes not only the production segment but also marketing and distribution (Horngren and Data, 2015). This is because products will eventually need to be discontinued due to changing customer preferences and product innovation from competitors. This means that the company’s core operations and its products must continuously evolve and this could be done using the value chain analysis tool. For an energy drink company like Monster, one of its main goals is to continuously adapt to the ...
According to Gulanick and Myers (2013), the nursing process has been identified as the most appropriate strategy which can be employed in trying to ensure that the most suitable care is provided to a particular individual. Ensuring that the patient gets the best out of the Caregiving process should form the primary objective of any nursing undertaking. Addition studies (de Oliveira et al. 2012; Weber and Kelley, 2013), show carrying out a thorough assessment of a patient is a significant step as it forms the basis of a care plan. Studies by (Papathanasiou et al., 2013; Morrissey, 2016) showed ...
The airline industry is considered to be highly competitive and therefore airline company managers will need to determine the relevance of their current ERP systems with regards to the applicability of the financial information it generates. This is because the same quantitative and qualitative information is used for both financial and management accounting. However, the main goal of a company is to generate better profitability for its owners while remaining sustainable. This is done by controlling costs while improving revenues through the use of budgets and the standardization of costs and results to variances, which are primarily under management ...
Post Crisis Change Management in Business Organizations
Business Organizations are often confronted by situations which induce their owners to re- examine their policies and processes. These situations are termed as crisis and needs reformulation of organizational processes, in absence of which the existence of the organization may be threatened. These situations may erupt from failure to anticipate the internal and external consequences from economic, political, ethical and technological changes related to organizational activities. Even if they are anticipated, crisis may not be altogether averted; only it helps in formulating contingency plans that are used to address post crisis situation and calls for initiating changes in the ...
BEP and CVP Analysis.
1. Scenario #1 – New Wing Rental. In order to determine the break-even number of knee replacements, the Finance Director should do several calculations. First he needs to determine the total variable cost. They are equal to $12 500 ($9 500 Supplies + $3 000 sales costs per knee). Knowing the selling price of one knee replacement ($17 000), the Finance Director can now calculate the contribution margin. In order to do that, he needs to subtract total variable costs from the selling price. The contribution margin is $ 4 500 ($17 000 – 12 500). This is the amount that can be ...
There are many ways how to objectively determine the presence of anemia or in this case AIHA. One of the testes used is the Direct Anti-Globulin Test (DAT), otherwise known as the Coombs test. The goal of the test is to describe the presence of antibodies in the blood plasma or serum. By knowing the number of antibodies, it can be accurately rule whether the patient is suffering from AIHA or other forms of anemia or otherwise. It is often used to check whether the patient is suffering from transfusion reactions and other hemolytic diseases such as AIHA in ...
1. Recommend the type or types of research you would propose. Answer. Owing to the current situation of pre-crisis phase for the organization, the research should focus on the assessment of those factors that might help to save the organization’s image during the crisis (Coombs, 2014). Hence, a comparative crisis communication oriented qualitative research is recommended for the current situation (Schwarz, Seeger & Auer, 2016). The comparative crisis communication research will focus on comparing the situation of the victims at the San Diego and Atlanta stores before and after their collapse. 2. Determine what kind(s) of information you ...
Introduction
Communication is one of the key players in the problem-solving techniques in major incidents and crisis. In the case of a crisis such as a disease outbreak, how communication is handled in spreading the information about the diseases to the general public as well as the pertinent medical official is very important in mitigating the aftermath. In this case, SARS was a contagious disease with very little information known (Coombs & Holladay, 2011). The medical officials, as well as the health organisations, were caught unaware with very little information concerning the diseases. As a result very little could be done, ...
Affiliate Institution
Introduction Proctor and Gamble, a company that produces household products, has faced several challenges that include financial and management problems that resulted from misguided communication during the launch of a new product (Lee, 2005. 22). Proctor and Gamble, a company that produces household products, has faced several challenges that include financial and management problems that resulted from misguided communication during the launch of a new product (Lee, 2005. 22). Meticulously, the company management has never been sensitive in managing their relationship with the employees and the clients even if it is clear that failing in this part is so ...
Question 1
a) Crisis communication strategy refers to the approaches used by the organization as a means to protect itself, including its staffs, properties and customers, from the threat of possible damage to its character as perceived by the public. For example, product recalls because a certain product was found to be defective or harmful to the public can do so much to damage the reputation of the company. As a means to mitigate the impact to the overall standing of the company, the management must resort to a coordinated strategy to cushion the impact to its reputation such as issuing ...
A crisis communication strategy is a planned approach to the management of any situation that threatens to cause harm or negative effects to a group of people or business. The strategy has to outline the general steps on how the threat can be handled and should bring out reasonable measures and procedures of handling the situation. For example in the tourism sector in any nation, there may arise situations that may threaten the tourism industry such as security and increase in charges (Yu, 2016). In dealing with crisis situations, there is a need to have a crisis communication strategy ...