Monday, May 25, 2020
The world is changing. Well, at least online it is. The internet is ever-changing and improving humanÃ¢â¬â¢s lives subtly everyday. Things such as virtual reality or Google glass derive from what the internet has on it today. In no other age could someone have a thought-provoking question and have it answered with the little pocket assistant globally known as a smartphone, which uses the internet to the full extent due to technology today. However, smartphones themselves inspired how the internet is changing. It is due to the app stores that popularized apps that ran on smartphones and the format of these apps inspired website developers. Due to this inspiration, something was created that many already popular websites might pick up, the new idea of web applications. The internet has a seemingly infinite amounts of websites currently, but in the coming years more advanced technology will help show that web applications should and will replace current forms of websites and change ho w one might access the internet. To many, web applications are still unknown. To website developers they are the newest thing to look at. Web Applications are basically a browser accessed app that combines what is good about websites and applications and put them together. This way, mobile phones can have more advanced websites to enhance the experience and give computer-like quality, Ã¢â¬Å"Developers and designers are employing the architecture of desktop browsers for mobile.Ã¢â¬ (Rowinski 1) and due to itShow MoreRelatedThe Internet And Its Effect On Our Lives1371 Words Ã |Ã 6 Pagesgeneration the internet is becoming a huge factor in their day to day lives. The internet allows this generation to communicate with each other through text messages, or social media like Facebook, and twitter. The internet provides us with all of the answers to our day to day questions; it also provides us with endless amounts of entertainment such as games, music, and movies, etc. The internet also makes living our day to day lives easier by providing us with the ability to run our businesses onlineRead MoreThe Internet And Its Effects On Our Lives1631 Words Ã |Ã 7 Pagessometimes even recorded. Today many companies sell, buy, and use personal information about their users. Those companies track peopleÃ¢â¬â¢s internet interactions and know almost everything about their online behavior: from their personal preferences in food, music, and cars to the health condition, phone numbers, and credit card numbers. Everything users do on the Internet - from the comments to tweets to a simple browsing - will never be erased from history. This is partly due to national security, forRead MoreInternet Protocol And Its Effect On Our Lives1677 Words Ã |Ã 7 Pageswhen you can watch your on TV? Wouldn t you say it would be better if watching TV was like browsing your Web browser, you could pick the programs you wish to watch whenever you felt like watching them? IPTV(Internet Protocol Television) has the abilit y to do that and more by using internet protocols to transfer your TV programs to you Ã¢â¬Å"on demandÃ¢â¬ . We will discuss how IPTV works, some benefits it brings, and how it is changing the way we watch television today. There s nothing new about it the useRead MoreInternet Usage And Its Effect On Our Lives2430 Words Ã |Ã 10 Pagesscientists, bankers, and countless other occupations, Internet usage is a crucial element in daily life. This is an incredible realization when considering the fact that a majority of people living today has spent the majority of their lives without the Internet. In December of 2000, nine years after the debut of the worldwide web, the Internet had 361 million users (5.8% of the worldÃ¢â¬â¢s population). Just thirteen years later, in December 2013, the Internet boasted 2,802 million users (39.0% of the worldÃ¢â¬â¢sRead MoreThe Negative Effects Of The Internet On Human Life761 Words Ã |Ã 4 Pages Effects of The Internet on Human Life The Internet is a technology that has negative impacts on our daily lives. It has changed aspects of our life for the last 50 years, and it has demonstrated the considerable influence on peopleÃ¢â¬â¢s lives. Almost 3.2 billion people in the world use the internet. The Internet has gained acceptance across the globe, and it has also become a reason behind the critical changes in the modern society. Some of the changes are social isolation, health disorder, lack ofRead MoreThe Impact Of Internet On Our Society Today Essay1502 Words Ã |Ã 7 PagesAbstract The internet is one of the most influencing media in the world today. With technologies becoming better and better after time, the number of new internet users increase daily. Many societies have been formed such as the Internet Society to foster growth and the access of internet through the globe by bringing information and partnerships to people and communities. With every country thriving to increase internet penetration, the internet has a great impact in our daily lives, affecting usRead MoreEffects of Technology925 Words Ã |Ã 4 PagesApril 20, 2011 Effects of Technology Miguel Angel Rodriguez Effects of Technology Technology has been a great impact in our lives. It has quickly developed and continues to expand in our lives. As new generations develop, new technological devices continue to develop as well. Some believe that technology has had a good impact in our lives like Richard Woods. Others like me believe that technology brings a lot of negative effects to our personal and social lives as Sarah Kershaw mentions. WeRead MoreThe Internet And Its Impact On Our Society Essay921 Words Ã |Ã 4 Pagesadvancement, the internet has played a major role in it. The internet, according to Wikipedia, has many uses that include data sharing, e-commerce, booking of tickets, socializing, job searching, entertainment and also in e-learning. With advancements in technology, the number of users of the internet are increasing daily. With internet speed increasing over time, the Internet brings knowledge and information on nearly every subject imaginable straight to your computer. This has made our lives ea sier andRead MoreInternet Negative Effects891 Words Ã |Ã 4 PagesThe Internet is a technology that has negative impacts on our daily lives. It has changed aspects of our life for the last 50 years, and it has demonstrated the considerable influence on peopleÃ¢â¬â¢s lives. Almost 3.2 billion people in the world use the internet. The Internet has gained acceptance across the globe, and it has also become central to the critical changes experienced in todayÃ¢â¬â¢s society. Some of the changes are social isolation, health disorder, a lack of privacy and internet addiction.Read MoreInternet And Its Impact On Society Essay1388 Words Ã |Ã 6 PagesÃ¢â¬Æ' Table of Contents Table of Contents 2 1.1 Introduction 3 1.2 Definition of the internet 3 1.3 History of the internet 3 1.4 Internet use 3 1.4.1 Internet use world-wide 3 1.4.2 Internet use in Kenya 3 1.5 Impact of the internet 3 1.6 Conclusion 4 Ã¢â¬Æ' 1.1 Introduction In order to achieve political, economic and personal advancement, the internet has played a major role in it. The internet, according to Wikipedia, has many uses that include data sharing, e-commerce, booking of tickets, socializing
Friday, May 15, 2020
Theorist Information Piaget 1936 Vygotsky 1960s Chomsky 1957, 1965, 1991 Theory Overview PiagetÃ¢â¬â¢s cognitive development theory states that a childÃ¢â¬â¢s knowledge comes from his or her experiences as they explore their world (Berk, 2007). VygotskyÃ¢â¬â¢s theory focuses on how culture is transmitted to the next generation. Through social interaction, children begin to acquire skills that are valued by their culture (Berk, 2007). ChomskyÃ¢â¬â¢s theory seeks to explain how children acquire language so quickly. Chomsky asserts that children are born with innate linguistic abilities that are triggered by experience (Universal Grammar 2006). Aspect of Lifespan Development (Module Focus) Cognitive Development Cognitive Development Language Development TheoryÃ¢â¬ ¦show more contentÃ¢â¬ ¦Application to Learning/Education PiagetÃ¢â¬â¢s theory can be applied to learning to help educators develop age appropriate learning environments. This theory is also useful in the development of curriculum and assessment. VygotskyÃ¢â¬â¢s theory is pertinent to successful teaching. Children come to school with a wide range of abilities. It is the teachers responsibility to identify the zone of proximal distance and utilize scaffolding to bring each student to where they need to be developmentally and academically. Understanding that each child has a different frame of reference due to cultural differences is essential to ensuring that teachers are successful in supporting their studentsÃ¢â¬â¢ growth (Grace, 2017). This theory helps us understand learning because it explains how children development their language at such a high rate. It is also helpful because it lets educators know that challenging students above their level of knowledge i s the best way to support studentsÃ¢â¬â¢ growth. Theory: Mechanisms of Change To progress from one stage to the next, an individual must successfully experience each stage. As children explore their environments they are actively developing higher levels of thinking. In order for this theory to be successful, adults must have extensive knowledge on what is expected of children at each stage of development. A teacher must know what level of knowledgeShow MoreRelatedDevelopment Of A Child s Social And Emotional Development1377 Words Ã |Ã 6 Pagesdevelopmental theories and how they have impacted modern day society in understanding the development of a childÃ¢â¬â¢s social and emotional development. Development is the pattern of change that begins at conception and continues through the lifespan (Santrock, 2008, p.5) Emotional development is the development of a childÃ¢â¬â¢s expression, understanding, and how they regulate their emotions from birth through late adolescence. Piaget is one of the first people to look at developmental theory and throughRead MorePiaget Of A Child s Brain Development Theory1057 Words Ã |Ã 5 Pagesare constantly learning about new theories and expanding the knowledge on those that we already know, about the physical and mental development of Children. Through past and present theorists, we are shown whole new aspects of how a child develops to make up the being that they become. Through PiagetÃ¢â¬â¢s Ã¢â¬ËCongnitive development theoryÃ¢â¬â¢ we are shown the stages of a childÃ¢â¬â¢s brain development with a strong focus on the ages newborn Ã¢â¬â 11 years onwards. PiagetÃ¢â¬â¢s main theory is that children are able to constructRead MorePiaget vs. Vygotsky1120 Words Ã |Ã 5 PagesThe theory of cognitive development is defined as the development of the ability to think and reason. There are many theorists who have studied cognitive theories and the most famous is Jean Piaget. Cognitive development covers the phy sical and emotional stages of a child. The basic premise for cognitive development is to show the different stages of the development of a child so you can understand where the child might be in their development. Understanding cognitive development will betterRead MoreThe Understanding Of Young Children Essay1285 Words Ã |Ã 6 Pagesthe collaboration of multiple theories, giving society many insights into the life and development of a young child. Two theorists who act as pillars to the understanding of children are Jean Piaget, a cognitive theorist, and James Baldwin, an early developmental theorist. By analysing the two of them, it becomes clear how their early lives, study and upbringing led to the discovery of such intriguing theories revolved around both learning and development. Jean Piaget was the first child in his familyRead MoreVygotsky And Vygotsky Theories Of Learning1257 Words Ã |Ã 6 PagesTheories of learning In this essay, I will compare and contrast jean Piaget and lev Vygotsky theories of learning. First, I will discuss Piaget followed by Vygotsky then I will compare and contrast both theorists. Jean Piaget was a Swiss developmental psychologist and philosopher, he is known for his contribution to a theory of cognitive development. Piaget became interested in the reasons why children gave the wrong answers to questions that required logical thinking. He believed that these incorrectRead MoreA Comparison of Theorists989 Words Ã |Ã 4 PagesÃ¯ » ¿ A Comparison of Theorists Maliha-Sameen Saeed ECH-325 December 14, 2014 There are many great theorists for the Early Childhood Education. Lev Vygotsky and Jean Piaget are two of the many theorists that benefit the teachers and parents to comprehend their children learning development. The paper will compare the two theorists and their difference of their cognitive development. Jean Piaget vs. Lev Vygotsky Jean Piaget cognitive development theory explained the changes of logicalRead MoreJean Piaget s Theory Of Knowing921 Words Ã |Ã 4 PagesJean Piaget was a developmental psychologist and philosopher from Switzerland. He is known for his epistemological studies with children. He was the first to make a systematic study of cognitive development. Piaget was also the Director of the International Bureau of Education. He was Ã¢â¬Å"the great pioneer of the constructivist theory of knowing.Ã¢â¬ He was known as the second best psychologist after Skinner by the end of the 20th century. Throughout his career, Jean Piaget declared that Ã¢â¬Å"only educationRead MoreThe Strengths And Weaknesses Of Piaget s Cognitive Development Theory1356 Words Ã |Ã 6 PagesJean Piaget is a key figure for development, focusing on cognitive constructivism Ã¢â¬â that being that we must learn from experience and development, building on knowledge that has already been developed. The strengths and w eaknesses of Piaget s cognitive development theory will be discussed. Piaget suggests that development in children occurs in four stages: sensorimotor, preoperational, concrete operational and formal operational. During the Sensorimotor stage (between birth and the age of two)Read MoreGeneral Theorists And The General Theories Essay1556 Words Ã |Ã 7 Pagestwo general theorists and one Maori/Pasifika theorist and give an overview of their theories. It will discuss two critical points and explain how these points relate to the chosen theories. It will also relate to the theorists beliefs to the role as a nanny and provide examples of how the theories apply to the development of infants, toddlers, young children and their families. This essay will briefly outline the differences between the Maori theorist and compare the general theorists and includeRead MoreTheories Of Cognitive Development And Comment On Impact On Education1381 Words Ã |Ã 6 Pagesevaluate some theories of cognitive development and comment on the impact they have had on education. This essay will describe and evaluate two of the main three theories concerning cognitive development and comment on how they have impacted education. Cognitive development is the mental process in which we think and how we remember, problem solving and decision making. There are three main theorists that have a theory on cognitive development, Piaget, Vygotsky and Bruner. Piaget and Vygotsky are
Wednesday, May 6, 2020
Cisco Systems Inc. and the Leadership of John T. Chambers As Chairman of the Board and Chief Executive Officer of Cisco Systems Incorporated, the leadership of John Thomas Chambers solidified Cisco as the worldÃ¢â¬â¢s premiere data networking company. Cisco Systems Incorporated is an international technology corporation founded in 1984 and headquartered in San Jose, California. Cisco designs, manufactures and sells networking equipment worldwide and is the largest networking company in the world. The name Cisco was derived from the city name, San Francisco, and the Cisco logo is intended to represent the two towers of the Golden Gate Bridge. John Thomas Chambers was born August 23, 1949 and is the Chairman of the Board and former Chief Executive Officer of Cisco Systems. Chambers holds a Bachelor of Arts degree in business and a law degree from West Virginia University and a master of business administration degree in finance and management from Kelley School of Business at Indiana University. After obtaining his master of business administration degree, Chambers began his career in technology at IBM in 1976. In 1983, he moved to Wang Laboratories. There, he became the vice president of US operations in 1987. In 1991, Chambers left Wang and joined Cisco. John Chambers was appointed Chief Executive Officer of Cisco Systems in 1995. In 2006, Chambers was named Chairman of the Board, in addition to his Chief Executive Officer role. It is a safe bet that anyone who usesShow MoreRelatedEssay Number One Technology Company, Cisco1349 Words Ã |Ã 6 PagesCisco incorporated has grown significantly over the years, since its inception and has established itself as the number one technology company throughout the industry. Initially Cisco started as manufacturers of modems and routers and has expanded its scope over the years. This paper will attempt to address CiscoÃ¢â¬â¢s operations and strategies in foreign markets it will also delve into the strengths, weaknesses and threats in the political, legal and economic environment in which it operates. CiscoRead MoreOpen Communication Culture1269 Words Ã |Ã 6 PagesAn Open Communication Culture: Cisco Systems, Inc. To distinguish the way in which different leadership style will affect Cisco systems Ã¢â¬â group communication. A management definition from our text book state, Robbins Judge (2011) Good management brings about order and consistency by drawing up formal plans, designing rigid organization structures, and monitoring results against the plansÃ¢â¬ (p. 376). CiscoÃ¢â¬â¢s management defines as business strategy a balance between development and efficiencyRead MoreCisco Systems, Inc. Essay2877 Words Ã |Ã 12 Pages Cisco Systems, Inc. was incorporated in 1984 in CaliforniaÃ¢â¬â¢s Silicon Valley. The idea for this company came about when two Stanford University employees, a husband and wife, tried to figure out a way to stay connected throughout the day and had to overcome the technological inability to send e-mail from one building to another (Ã¢â¬Å"Cisco overview,Ã¢â¬ n.d.). The couple designed a multi-protocol router to communicate across campus (Ã¢â¬Å"Cisco overview,Ã¢â¬ n.d.). The companyÃ¢â¬â¢s primary goal was to transformRead MoreCase Analysis Cisco Essay2299 Words Ã |Ã 10 Pages INDIVIDUAL CASE REPORT Cisco Systems Inc.: The Viking Challenge Submitted to: Mr. Dave Swanston Submitted by: Vishal Gupta ID: 125821880 20th March 2013 Executive Summary Cisco Systems Inc. is a $100 B technology company which provides internet networking solution to telecommunication and broadband service provider corporations. Cisco is leader in developing the networking equipment for the industry. Cisco wants to develop a new generationRead MoreIt Management Essay6676 Words Ã |Ã 27 PagesChapter 1. The Information Systems Strategy Triangle Chapter Overview This chapter presents a very simple framework, the Information Systems Strategy Triangle, which links business strategy with organizational strategy and information strategy. The chapter describes this model, and builds on several other popular strategy models and organizational models. The goal of this chapter is to make sure every student has a basic understanding of both strategy and organizations (in many managementRead MoreCisco Systems, Inc.: Collaborating on New Product Introduction12030 Words Ã |Ã 49 PagesCASE: GS-66 DATE: 06/05/09 CISCO SYSTEMS, INC.: COLLABORATING ON NEW PRODUCT INTRODUCTION On November 13, 2007, more than 100 employees of Cisco Systems, Inc. assembled in classic Cisco fashion: they dialed in from multiple locations around the world for an important meeting. The purpose of the gathering was to get the green light from senior management to manufacture a new high-end router that would make the giant networking company more competitive in an age of surging Internet trafficRead MoreCisco Systems Inc3941 Words Ã |Ã 16 PagesCisco Systems Inc. INDIVIDUAL PROJECT REPORT Date Submitted November, 20, 2013 Table of Contents SUMMARY DESCRIPTION OF BUSINESS 0 Products and Services Offeered 0 Global Markets Currently Served 0 Corporate Structure and Leadership Resources and Competitive Position 0 COMPANYS EXTERNAL ENVIRONMENT 0 Competitors in Top Five Countries Served 0 Marktst For Company and Rivals 0 Key Success Factors for Their Market 0 COMPANYS COMPETITIVE POSITION 0 Competitive PositionRead MoreHuman Relation vs Human Resources4513 Words Ã |Ã 19 Pagesproductivity by using experiments to examine the physical and environmental influences at the workplace (e.g. brightness of lights, humidity) and later, moved into the psychological aspects (e.g. breaks, group pressure, working hours, managerial leadership) and their impact on employee motivation as it applies to productivity (Miller 2006). According to Honour and Mainwaring (1982, p.74), studies found that workers are more motivated in their job when greater attention was being paid towards theirRead MoreTop 1 Cause for Project Failure65023 Words Ã |Ã 261 Pagesanishmathaimathew.blogspot.com Karl Kerr Project Planner at Knorr-Bremse Rail Systems UK Limited Anish, Wow a great question and one that should generate plenty of feedback! I have worked on many projects in my time in the following sectors: Nuclear, Public Sector, Rail Telecommunications. They all have one thing in common: they have in place Project Management systems and processes and plan to succeed! However with all best intentions they usually failRead MoreManaging Information Technology (7th Edition)239873 Words Ã |Ã 960 PagesCONTENTS: CASE STUDIES CASE STUDY 1 Midsouth Chamber of Commerce (A): The Role of the Operating Manager in Information Systems CASE STUDY I-1 IMT Custom Machine Company, Inc.: Selection of an Information Technology Platform CASE STUDY I-2 VoIP2.biz, Inc.: Deciding on the Next Steps for a VoIP Supplier CASE STUDY I-3 The VoIP Adoption at Butler University CASE STUDY I-4 Supporting Mobile Health Clinics: The ChildrenÃ¢â¬â¢s Health Fund of New York City CASE STUDY I-5
Tuesday, May 5, 2020
Question: Discuss about theProfessional Communication Practice for Fuji Xerox. Answer: Introduction Established in 1997, Fuji Xerox got the certification from Australian Quality Class for the excellence standard in their business. Their main objective is to understand the documents. They are focussed in building knowledge, based on which the business decisions can be taken. Their understanding helps the clients for leveraging the expectation from paper as well as the electronic media (Fujixerox.com.au/Company/Overview, 2017). The workflows and the document expertise from the company assist in working in smarter way and streamline the procedure of business. Further, they offer various business solutions required by the client for focussing on their business efficiently. Management Accounting Issues The Australian business of Fuji Xerox was getting out of control as the warnings regarding fraudulent behaviour of the company went unnoticed and unsolved, bad behaviours were not only ignored, rather promoted and irregularities with regard to major accountings were simply covered up (Wagenhofer, 2016). The issue that started with Fuji Xerox, New Zealand (FXNZ) and soon spread over Fuji Xerox Australia (FXA) led to global consequence for the company and the technology giant, who turned over the revenue amounted to A$ 26 billion. The organization was forced for delaying their annual report owing to inappropriate accounting at the regional subsidiaries (Fuji Xerox restructures Australia and New Zealand leadership after accounting scandal, 2017). Various top offices of Fuji Xerox were closing down and others were facing cut off of bonuses and wages by 20 to 50%. Further, the recent report of investigation includes the details that were not included in the initial report that was publish ed dated on 21st June. It was revealed by the company that knock six years net profit worth amounted to A$ 451 million that was frozen out from the government contract of New Zealand. The report of investigation included the details regarding how the top level executives continuously bringing the revenue forward to achieve the target. Moreover, they were avoiding the recognition of losses so their subsidiary Red Ink will not reach to the bottom and fabricated the monthly numbers of accounting as well as chalked up the sales of assets as revenue for covering up the missing values. The report alleged that the major individuals from the leadership team and blamed sales at any cost principle of the company under Neil Whittaker, the managing director of FXA as well as FXNZ that enabled the employees to get huge amount of commissions and bonus from the year 2011 (Agrawal Cooper, 2017). It was also mentioned in the report that provided overcompensation to the favoured workers and they involved the family members and paid them six-figure salaries that was three times more than the market rate. Moreover, they were paid gift bonuses and used the corporate expenses for pock et money and lavish meals. Main Reason Behind the Issue The root cause for the issue generated from the exercise of overstating of revenue on the managed agreement of service that had the variable pricing on the basis of utilization and sometimes that too with no minimum value, still it was transacted as the upfront revenue. Further, abusing the managed agreement of service became so common that the inappropriate recognition of revenue was approximately 30% of the total sales. Moreover, the inappropriate accounting included the fictitious transactions apart from the advance recorded revenues. Further, the cumulative amount for sales recorded inappropriately at the earlier period amounted to NZ$ 90 million during 2016 January. Out of that NZ$ 90 million, fictitious sales amounted to NZ$ 35 million and the rest amount was not fictitious but recorded inappropriately (Van der Stede, 2016). Further, recording the revenue inappropriately became the regular practice of the company and took place for 70% of the contracts over the duration of six year. The abusive accounting further overlooked that early recognition of revenue. Further, instances found for advance sales that were recorded twice and fictitious sales recording for achieving the target of monthly performance. Moreover, the promotional giveaways and free products were recorded as sales. Lack in credit policies assisted in green light orders from the risky clients as the credit investigation performed for 10% only of the total transactions. While the financial figures were found to be incorrect, they were just ignored. Further, to clean up the issues and avoid the detection, the company transacted the non-operating transactions and sales of the assets as revenue for minimizing the inappropriate accounting impact that were susceptible to accounting audit at closing of the period. This led to the external appearance as the financial condition and financial activities improved during the fiscal year and the company reported higher revenue as compared to the actual revenue (Bebbington, Unerman O'Dwyer, 2014). It further led to the establishment of disastrous culture and the report claimed that the employees and the executives of the company lacked the sense of honesty and ethics while preparing the annual report of the company. Financial Issues Associated with the Company The auditor of the company, Ernst Young were removed in 2016 July and replaced by the KPMG. The payout to the managing director amounted to million dollar came in focus irrespective of various allegations regarding impropriety by the director, who used the pressures for rebelling and creating the circumstances where the opposition was next to impossible. The scrutiny of the corporate credit card revealed that the director and various other members repeatedly used the credit card for the payment of dinner and lunch at various high-end places. Further, over the time period of 10 months 3 executives from the company spent huge amounts that amounted to $ 50,000 over 41 dinners that averaged $ 1,233 per dinner. Further, it was alleged during the corporate trips that the managing director withdrew an amount of $ 10,000 through cash in the local currency from his corporate credit card and did not submit the receipts as the supporting documents for withdrawals (Drury, 2013). The report furt her alleged that company paid an amount of $ 43,704 for the purpose of private trip of the director and his family members between the periods of June 2015 to April 2016. It was also highlighted in the report that the sales employees brought by the director from FXA were highly compensated. Further, five out of nine employees those were transferred from New Zealand were getting salaries that were higher as compared to the benchmark of normal pay scale. The annual salary of the Business development manager, E amounted to $ 1.1 million, out of which the remuneration based on incentives were 3 3.4 times more as compared to the level of benchmark. Further, the son of the managing director was paid annual salary amounted to $ 749,000 that included bonus amounted to $ 420,000. The functions over control were not efficient and there were lack of transparency as the reporting lines with the parent company as well as with other subsidiaries were limited to the managing director only that were centralising the information flow (Soin Collier, 2013). In such circumstance and lack of efficient supervision by the director, the business easily went out of control. Recommendation Looking at the above accounting issues faced by Fuji Xerox, Australia following recommendations is suggested Using the systems of balances and checks to assure that the duties of financial transactions are properly segregated Require finance, purchases and distributions to be approved by an assigned individual. Isolate taking care of stores and receipt capacities from record keeping capacities (recording exchanges and accommodating records). Further, the purchasing capacities must be segregated from payables capacities and assure that a similar individual isn't approved to compose and sign a check. Reconciling the bank accounts every month Reconciliation shall be completed by the independent person who is not responsible for accounting or does not involved with reconciliation review. Cancelled checks from the vendors must be checked appropriately and reconciled with bank accounts regularly Revenue management the revenues shall be double checked with the records and the duties for recording the sales and receipt of payments for sales shall be properly segregated among different person. Further, the sales account shall be reconciled with the inventories to measure the closing inventories or the goods available for sales. Remuneration and payment remuneration and salaries shall be fixed based on their individual performance and shall not be paid based on the performance of the company. Remuneration policy shall be clearly mentioned in the annual report so that there can be transparency regarding the remuneration and salary of the executives and employees. Usage of corporate credit card the corporate credit card shall exclusively be used for official purpose and the card shall not have the facility for personal use. In this way, the company will be able to save big amount with regard to the misuse of the corporate credit card. Reference Agrawal, A., Cooper, T. (2017). Corporate governance consequences of accounting scandals: Evidence from top management, CFO and auditor turnover.Quarterly Journal of Finance,7(01), 1650014. Bebbington, J., Unerman, J., O'Dwyer, B. (Eds.). (2014).Sustainability accounting and accountability. Routledge. Drury, C. M. (2013).Management and cost accounting. Springer. Fuji Xerox restructures Australia and New Zealand leadership after accounting scandal. (2017). Financial Review. Retrieved 3 September 2017, from https://www.afr.com/technology/fuji-xerox-restructures-australia-and-new-zealand-leadership-after-accounting-scandal-20170806-gxqiel Fujixerox.com.au/Company/Overview. (2017). Fujixerox.com.au. Retrieved 3 September 2017, from https://www.fujixerox.com.au/Company/Overview Soin, K., Collier, P. (2013). Risk and risk management in management accounting and control. Van der Stede, W. A. (2016). Management accounting in context: Industry, regulation and informatics.Management Accounting Research,31, 100-102. Wagenhofer, A. (2016). Exploiting regulatory changes for research in management accounting.Management Accounting Research,31, 112-117.
Saturday, April 11, 2020
Beautiful Mind essays A Beautiful Mind tells the autobiographical story of Jonh Nash Jr. a distinguished professor from Princeton who went on to make some great theories and win the Nobel prize. The centerpiece of the story is the fact that John Nash suffers from schizopherinia a debilitating condition for the most people which leaves them helpless. It is amazing that Nash has been able Nash was in college trying to complete an orginal idea that his class mates wouldnt even think about. Nash felt that class wasnt any use to him, since he was a mathmatician. He would hang out with the same group of friends while trying to complete his work. He would talk to his roomate Charles about everything, while his roomate would try to influence him to try new He eventually graduates Princetion and is presented with a job at Wheeler, on the campus of MIT. He was teaching and doing small jobs for the government, but when hes called in to break a russian code, John Nash is swept away into the world of international intrigue and is presented with a top secret-mission to find codes in various magaizines and report back to his handler, William Parcher. Nash, Becomes obsessed with his work, always tearing through magazinesand delervering this cut out in a top secret envenlope in a mail box. Everthing seemes to be going fine For John, He has a girlfriend and his job is stable, but one day, everything falls apart. His cover seemily blown, John believes the Russians have discovered his work and have taken him to a secret mental institution. Heres where the plot takes a decidedly different turn and the movie starts to get really good. In actualiaty the institution was real and his friends have seen how John was acting different becoming obsessed and sneaking around. His wife at the time just thought he was ...
Tuesday, March 10, 2020
Vodafone Measuring the Success of the Strategy Essay Example Vodafone Measuring the Success of the Strategy Essay Vodafone Measuring the Success of the Strategy Essay Avoidance brand resulting from the sponsorship. Our Strategy Our business strategy and our CAR strategy are Inseparable. Meeting society needs creates enormous opportunities to grow our business. Expanding our business In emerging markets such as Africa and India Is extending access to communications to people who rarely had the opportunity to use a phone before. And our responsible approach to issues like privacy and content builds trust and grows our customer base in mature markets. CAR strategy Our vision for 2010 is to be one of the most trusted companies in the markets where we operate. Our five year CAR strategy developed in 2005 and continually evolving is designed to help us realize this vision. It sets clear priorities to: Capture the potential of mobile to bring socio-economic value in both emerging economies and developed markets, through broadening access to communications to all sections of society Deliver progress against stakeholder expectations on the key areas of climate change, a safe and responsible Internet experience, and sustainable products and services Ensure our operating standards are of a consistent and appropriate level across the Group. This strategy Is based on our assessment of the key CAR-related opportunities and risks for our business. These are priorities through our issues management and risk assessment. Our brand essence Avoidances brand essence is: Red: For the passion and spirit that drives us. Rock Solid: We are dependable and empathetic. People can trust us. Restless: Were always challenging ourselves to improve. A strong CAR strategy is crucial to our Rock Solid brand essence. It also helps us to live up to our values. Our values Our values (or Passions) describe the way Avoidance people are expected to behave within the business: Passion for customers: Our customers have chosen to trust us. In return, we must strive to anticipate and understand their needs and delight them with our service. Passion for our people: Outstanding people working together make Avoidance exceptionally successful. Passion for results: We are action- relented Ana Arleen Dye a easels to De ten Des . T Passion Tort ten world around us: We will help the people of the world to have fuller lives both through the services we provide and through the impact we have on the world around us. In May 2006, we formulated a five point strategy which served us well for more than two years. We have broadly maintained or improved share against our largest or reference competitors in most of our markets and delivered on our key cost targets. We have increased the share of revenue from non-core mobile services from 10% to 15% and we also successfully increased our exposure to higher growth markets. Our dividend policy resulted in an average annual increase of in dividends and our capital structure policy has proved right for the business, particularly in the current market context. However, a number of challenges have evolved. Elasticity on core voice and messaging services remains below one, competitive and regulatory pressures continue to be strong, and recently we have not met our expectations in some markets. We are clearly entering into a more difficult macro economic environment. These factors led the Board to conclude that we should review whether the strategy established in May 2006 remained appropriate for the current environment. The fundamentals of Avoidance and our industry continue to be attractive; the sector leaders continue to be able to generate strong cash flow. In terms of revenue respects, whilst prices are likely to continue to decrease in Europe, the scope for usage growth remains significant, as demonstrated in markets such as the US and India. Mobile data is also proving to be in high demand: effective communications drive productivity benefits, meaning businesses and individuals need more, not less, of our services. A greater range of data devices and portable computers, at increasingly lower costs, are enlarging the addressable market. On the cash cost side, only about a third of our operating costs are fixed, and about a quarter depend on growth in voice minutes and data traffic. We controlled these costs well over the last two years. The remaining component of costs, some 40%, is market driven, providing significant scope for us to adapt in the event of greater economic pressures. Overall, our current European capital intensity of around 10% of revenue already contains a component of investment for growth. Avoidance has three key attributes which strongly differentiate us from our competitors: firstly, our scale in technology with which we continue to drive network and IT savings through consolidation and centralization of core activities; secondly, our strong presence in the enterprise racket, in large corporate as well as in small and medium sized businesses; and finally, our brand, especially in consumer pull markets. Our strategy will now be focused on four key objectives: drive operational performance, pursue growth opportunities in total communications, execute in emerging markets and strengthen capital discipline. We will drive operational performance through customer value enhancement, rather than revenue stimulation, and cost efficiency. Value enhancement involves maximizing the value of our existing customer relationships, not Just the revenue. We ill shift our approach away from unit pricing and unit based tariffs to propositions that deliver much more value to our customers in return for greater commitment, incremental penetration of the account or more balanced commercial costs. This will require a more Oligopolies approach to commercial costs to ensure our Investment Is focused on those customers with higher lifetime value. In essence, we are confident that by targeting our offers, we can deliver more value to our customers and have a better financial outcome for Avoidance. Customer value enhancement replaces revenue stimulation. Cost efficiency requires us to continue to deliver scale benefits through optimization of operating and capital expenditure. We have a significant number of cost programmed across the Group which we expect to reduce current operating costs by approximately El billion per annum by the 2011 financial year to offset the pressures from cost inflation and the competitive environment and to enable investment in revenue growth opportunities. As a result, on a like for like basis, we are targeting broadly stable operating costs in Europe and for operating costs to grow at a lower rate than revenue in MAP between the 2008 and 2011 uncial years. Capital intensity is expected to be at or below 10% over this period in Europe and to trend to European levels in MAP over the longer term. On growth opportunities, the three target areas are Mobile data, Enterprise and Broadband. We have already made significant progress on mobile data, with annelids revenue of E. Billion, but the opportunity remains significant with the penetration of data devices still relatively low in Europe and almost nil in emerging markets. In enterprise, we have a strong position in core mobile services and we have built a lid presence in 18 months in multi-national accounts through Avoidance Global Enterprise. Our strategy is to leverage this strength to expand our offerings into the broader enterprise communications market locally, serving SoHo and Seems with shared platforms and services, supported by our local sales forces. For broadband, we continue to adopt a market by market approach focused on the service, rather than the technology, and targeted at enterprise and high value consumers as a priority. We are already represented in most of the key emerging markets where significant growth is expected in the coming years. Our principal focus now will be on execution in these markets, in particular in India, Turkey and our African footprint following our recent agreement to acquire control of Voodoos. We will also seek to maximize the mobile data opportunity. There are few potential large new markets of interest to us and we will be cautious and selective on future expansion. The final objective is capital discipline. We remain committed to our low single A rating target, which we consider to be appropriate in the current environment, and comfortable with our liquidity position. Our focus is on free cash flow generation and ensuring appropriate investment in our existing businesses. We see increasing dividends as the primary reward to shareholders. Given our credit rating and the current level of cash flow and dividends, this leaves limited debt capacity. We see in-market consolidation as a positive for our industry and we would support consolidation. As previously mentioned, our focus is principally on our existing emerging markets rather than expansion and any significant acquisition would likely need to be funded through portfolio disposals. We remain focused on value creation for our non- controlled assets. Verizon Wireless is one of the leading assets in an attractive market and we are increasingly co-operating on terminals, enterprise and future technology to deliver further value for the Group. Our updated strategy repositions us appropriately in the current environment. We need to improve execution in our excellent Duskinesss Ana allover on our cost targets. We wall pursue growth communications and focus on our existing emerging markets, with only selective and cautious footprint expansion. Finally, we must strengthen our approach to capital discipline. Our priority is free cash flow generation and we will continue to target E lion to E billion of free cash flow per annum, excluding license and spectrum payments and any potential CUFF tax settlement. GOAL INVESTMENT PLANS The planned $2 bin cape in the next two years announced by Avoidance, following the acquisition, may not bring in good results if they want to gain significant market share as its rivals-Breath and Reliance have decided to increase their cape during the fiscal 2007 itself. Reliance may plough in $2. 5 bin in fiscal 2007-08, while around $2. 5 bin could be the investment from Breath Retailer. Avoidances target to achieve 0-25% market share by 2010-11 and market penetration of more than 40% may be realistic.
Sunday, February 23, 2020
Marketing plan for Kenwood group - Essay Example According to the study it is said that if we are strong, our strength will speak for itself. If we are weak, words will be of no help. This saying carries meaning in itself and highlights the importance of developing such plans that are not only realistic but are communicable as well. One cannot explain any phenomena; his/her intended feelings, his plans or anything else if there is lack of communication channels and proper marketing strategies. Thus, we can generalize this thing that effective communication and competitive marketing strategies have become mandatory in every type of business activity. With special regard to businesses, communication phenomenon, development of competitive and effective marketing strategies has grasped huge attention over the past few years. Its awareness truly started to spread when businesses realized the importance of communicating their purpose to their target audiences affectively. It is important to determine how businesses can communicate their purpose, intended goals and their productsÃ¢â¬â¢ specifications to their customers. Enacted in 1950 Kenwood aspires to deliver its current and prospective customers with innovation, change, high quality and unique design products. It specializes in providing its customers with kitchen appliances, like beaters, food processors and many others that serve as a luxury and a gift for the upcoming generation. It aspires to deliver such products that makes your life easy and offer a wide range of products including hand beaters, bread makers, blenders, food processor and many other electronic appliances of this nature. (Kenwood, 2012) Reason for product selection Kenwood group is offering a wide range of products including home appliances, compressors, environmental care products, compressors and many more. The underlying reason behind the selection of an environmental care product i.e. Humidifier lies in the fact of the changing climate of UK. The fluctuations in the climate of UK have made the Kenwood group to think about expanding their operations into the UK market. According to one of the environmental reports (2010) the UK climate is changing rapidly and that the fluctuations have been observed globally. The time span of winters has increased tremendously and the snow cover prevails for a longer period of time in some parts of UK. Observations indicate that the temperature in Central England have risen by about 10C whereas in other parts like Scotland and Ireland it has increased roughly by 0.80C (Environmental report, 2010) In addition to this, agricultural sector of UK is progressing by leaps and bounds and is contributing a lot towards economic growth and development. UK ranked 5th in the production of sugar beet and in terms of wheat production it is ranked as fourth among all the EU countries. (Environmental report, 2010) However, for crops production humidifiers act as a major unit in keeping the crops moist and humid and the Kenwood group after recogni zing the need aspire to launch humidifiers in UK market for agricultural