...lenders and investors, while quite the opposite may just as well be true, but I did not realize how wide spread is the problem (746 cases being investigated by FBI as we speak which means there are a lot more out there yet to be uncovered or will never be uncovered or prosecuted). Stories of companies overstating revenues by millions and billions of dollars seem to be common nowadays. I would think that if not for SEC oversight, even more companies would commit financial statement fraud. If I were an investor or a lender I would certainly want to study financials and accompanying notes and disclosures to financial statements of the company I am considering to invest in, I would compare their ratios between fiscal years (especially changes in days in accounts payable and receivables, changes in inventory versus sales, changes in reserves for doubtful accounts and obsolete inventory), I would also compare their performance with other companies in their field. Any sudden growth or performance that meets analyst’s forecasts is now would be a red flag that warrants further investigation. Jeff found the discussions involving the effectiveness of accounting principles most interesting. Previously, I hadn't given much thought to GAAP's ability to deter fraud because I was so focused on learning what it is. Coming from the perspective of GAAP as a guide and list of rules, it also made me realize the potential it has to deter fraud...
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...LESSON: 33 CASE STUDY Job Analysis Job Description Job Specification JOB ANALSYSIS: This is the procedure for determining the duties and skill requirements of a job and the type of person who should be employed for it. JOB DESCRIPTION: A list of job’s duties, responsibilities reporting relationship, working conditions and supervisory responsibilities. JOB SPECIFICATION: A list of job’s human requirements that is the requisite education, skills, personality etc. What is studied in Job Analysis – is (1) work activities (2) human behaviour, (3) machine, tools, equipment used (4) performance standards (expected from the employee) (5) working conditions – organizational and social context (6) human requirements i.e., job related knowledge, skills, education and training, experience, aptitude, personality and physical standards. Name of the organization – APOLLO HOSPITAL Apollo Hospital has been growing in size as it offers quality, prompt-caring services to the patients. Dr. Chandrashekar the Administrator is a person with good medical knowledge but lacks knowledge and skills involved in human resources management. The hospital has large quantities of medicine, equipment, spare parts of important machines installed in the hospital. As usual, the Hospital has employed a “storekeeper” with no previous experience of Hospital Stores. Mr. Ramakant the storekeeper was working earlier in an engineering firm and had sufficient knowledge of such stores. Ramakant reports to the purchase Executive...
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...June 24, 2015 NRF * Rank order (in order of priority) the 14 core capabilities of the NRF. Explain why you rank ordered 1, 2, and 3, respectively. Be specific. * Explain how the United States conducts an all-hazards response in the five preparedness mission areas of prevention, protection, mitigation, response, and disaster recovery. NIMS * When would a Deputy Incident Commander (Deputy IC) be necessary? Give examples. * In The missing piece of NIMS: Teaching incident commanders how to function in the edge of Chaos, the author notes that first responders have to deal with a disaster situation already unfolding, and not “all the pieces fit together nicely.” The author writes about the Five Tenets of Working in Chaos. Please paraphrase each one using your own words. The National Incident Management System (NIMS) provides a master plan for departments and agencies of all levels of government, nongovernment and private sector agencies to work together to handle an event, natural disaster or man-made terrorist attack regardless of scope, reason, or location.3 The NIMS is the heart of the National Preparedness System (NPS) which is a collection of frameworks created to make the handling of disasters uniform. Emergency management personnel trained in NIMS will handle a terrorist attack in Washington, D.C. the same way that an Incident Commander is handling a massive hurricane on the Gulf Coast. Any disaster has an inherent level of chaos from the very beginning...
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...Chapter 1 [pic] Introduction 1.1 Background Of The Report As being one of the biggest hospitals in Bangladesh, Apollo Hospitals Dhaka is at the forefront of medical technology and expertise and provides a complete range of the latest diagnostic, medical and surgical facilities for the care of its patients. The hospital is having all the characteristics of a world-class hospital with wide range of services and specialists, equipment, & technology, ambience and service quality. But the quality of a hospital service is not defined by the appearance of its facility. Rather the service quality depends more on the sincerity of the hospital and its human resources to serve the patients. In Bangladesh, the health care sector is not yet developed. A large number of people go abroad for treatment due to low quality of medical facilities in Bangladesh. And the main target market of Apollo Hospitals Dhaka is the people who want to get world class treatment inside the country with affordable cost. To ensure the proper customer satisfaction, the hospital management has to employ the right people in right place. Prior to this a detailed job Analysis is almost essential. With Job Descriptions and a sophisticated Job Evaluation system, management will be able to recruit and determine pay levels better, determine the types of training the hospital staff should go on and have a basis to appraise them. Job Descriptions furnished by business units are current and accurate...
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...Interpretation/Analysis of Findings………………………………………18 Summary and Conclusions……………………………………………………….27 References.......................................................................................................…...30 Abstract Medical tourism, where patients travel overseas for operations, has grown rapidly in the past decade. High costs and long waiting lists at home, new technology and skills in destination countries alongside reduced transport costs and Internet marketing have all played a role. With the best infrastructure and medical facilities, comparable with any of the western countries, accompanied with the most competitive prices, treatment can be done in India at the lowest charges. The research suggests that India represents the most potential as a medical tourism market in the world. This paper seeks to provide a first assessment of this emerging phenomenon and then will examine, using the research, whether medical tourism will be a profitable business venture for Medscape India Inc. in New Delhi, India. Medscape will form an alliance with Apollo Hospitals and will be in operation early...
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...Interpretation/Analysis of Findings………………………………………18 Summary and Conclusions……………………………………………………….27 References.......................................................................................................…...30 Abstract Medical tourism, where patients travel overseas for operations, has grown rapidly in the past decade. High costs and long waiting lists at home, new technology and skills in destination countries alongside reduced transport costs and Internet marketing have all played a role. With the best infrastructure and medical facilities, comparable with any of the western countries, accompanied with the most competitive prices, treatment can be done in India at the lowest charges. The research suggests that India represents the most potential as a medical tourism market in the world. This paper seeks to provide a first assessment of this emerging phenomenon and then will examine, using the research, whether medical tourism will be a profitable business venture for Medscape India Inc. in New Delhi, India. Medscape will form an alliance with Apollo Hospitals and will be in operation early 2009. Medscape...
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...Dedicated with regards to my Parents [pic] ACKNOWLEDGEMENT The project of such magnitude cannot be accomplished without the assistance and co-operation of several people. Exchange of ideas generates a new object to work in a better way. So, whenever a person is helped and co-operation by others, his heart is bound to pay gratitude and is not merely formalities but an expression of deep sense of gratitude and cumulative appreciation. Now first and foremost, I feel highly obliged to Mr. R. K. Sharma, District Manager: Apollo Tyres Ltd. Muzaffarpur who got me placed for project training, which had sent materials, according to my topic for execution in order to perform the work for preparing this dissertation. I would like to mention something special about my supervisor Mr. Vipin Kumar, (Asst. Professor) L.N.Mishra College of Business Management, Muzaffarpur, and making acknowledgement that without his kind co-operation, attention, wise guidance and a regular feedback from me, my mission would not have been fulfilled its milestone. I have not the desired word power to express my heartiest gratitude regards reverence and indebtness to him. I also acknowledge with a deep sense of reverence, my gratitude towards of my parents and member of my family, who has always supported me morally as well as economically. [Md. Nishat Alam] PREFACE As it is said ............"The theory without practice is lame and...
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...Business Research Project: Riordan Manufacturing QNT/561 Abstract Riordan Manufacturing is subsidiary of Riordan Industries, Inc., which is a leading global manufacturer of plastic containers, parts, and electrical fans (Apollo Group Inc., 2013). The company attempts to maintain adequate quantities of completed electrical fan units in their stock in order to meet the customer demand, however, its on-time deliveries average only 93% due to an insufficient number of completed fan units. Riordan stocks all the necessary raw materials needed to assemble the electrical fans readily available in their manufacturing plant except for the fan motors, which are fulfilled by an outside supplier. Therefore, Riordan Management is asking why meeting the demand is inconsistent with the current fan motor supplier as manifested by their 93% on-time delivery and claim the company's on-time delivery to increase with new a supplier. In this business research project, Team C will investigate and examine the validity of Riordan Management's claim. Formulation of the Research Problem Managerial decision-making is very crucial in the long-term success and failure of organizations, which ultimately influences a great deal of individuals in both microeconomic and macroeconomic senses. The successes of industry leaders such as Apple, Google, and Amazon and failures of Enron, AIG, as well as the financial meltdown of the 2008 can all be attributed to managerial decision-making that affected many...
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...Julia Teahen 3/28/16 Provide a brief summary of the movie you chose. Be sure to provide a description of each major character, their leadership style, and why you believe they were important to the story. Brief Summary Movie-APOLLO 13 NASA’s Apollo 13 mission was a mission to the moon, but because of mechanical problems the Apollo 13 not only failed to reach the moon, it was almost lost. The Apollo 13" mission showed men solving problems with their intelligence, their skill sets, bravery and most of all teamwork. This mission raised issues of loyalty for the individual against the loyalty of the team as a whole. It represented how the success of the mission became more important than the need of the one. Ken Mattingly one of the astronauts that was supposed to be on the Apollo 13 mission but was cut for a “maybe” health issue, played the role of the person who saved the mission. He showed that even with bad luck that prevented him from being on the mission, means even if you are not on the first team, you can still play the most important in saving the mission and become a hero. Each astronaut, was a positive male role model in their own right. (NASA, 2016). Major Characters Jim Lovell: Apollo 13 commander, was the world’s most traveled astronaut. He participated in three mission and had 572 hours of spaceflight experience. He demonstrated transformational leadership qualities. His leadership skills caused positive changes in his crew and pushed...
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...1. INTRODUCTION 1.1 Industry Overview The health care industry, or medical industry, is an aggregation of sectors within the economic system that provides goods and services to treat patients with curative, preventive, rehabilitative, and palliative care. Health economy is another term used to describe this field. It includes the generation and commercialization of goods and services lending themselves to maintaining and re-establishing health. The modern health care industry is divided into many sectors and depends on interdisciplinary teams of trained professionals and paraprofessionals to meet health needs of individuals and populations. The health care industry is one of the world's largest and fastest-growing industries. Consuming over 10 percent of gross domestic product (GDP) of most developed nations, health care can form an enormous part of a country's economy. For purpose of finance and management, the health care industry is typically divided into several areas. As a basic framework for defining the sector, the United Nations International Standard Industrial Classification (ISIC) categorizes the health care industry as generally consisting of: 1. Hospital activities 2. Medical and dental practice activities 3. "Other human health activities". This third class involves activities of, or under the supervision of, nurses, midwives, physiotherapists, scientific or diagnostic laboratories, pathology clinics, residential health facilities, or other allied...
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...A REPORT ON THE INDIAN TYRE INDUSTRY By Harsha Verma 09BSHYD0310 Nehal Basedia 09BSHYD0509 Prabani Phukan 09BSHYD1064 Jitendu Kumar Dixit 09BSHYD0336 Sandeep Kumar Gupta 09BSHYD0733 Date of Submission: September 03, 2010 The Indian Tyre Industry 2010 TABLE OF CONTENTS Acknowledgement ............................................................................................................... 4 Executive Summary .............................................................................................................. 5 Introduction .......................................................................................................................... 7 Purpose of Report ....................................................................................................................................................... 7 Scope of the Report .................................................................................................................................................... 7 Phase I: Industry Analysis ................................................................................................................................. 7 Phase II: Test of Efficiency of Market .......................................................................................................... 7 Phase III: Company Analysis ............................................................................................................................ 7 Scope of Study...
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...and backups are completed as required, review network shares for sensitive information with wide-open permissions. During the security audit, a report of offices should be conducted to ensure security policies and procedures are followed. Security Management Currently, PFCH has a Chief Compliance Officer in place to ensure the hospital meets all laws and regulations regarding patient privacy. The CCO is responsible for developing, implementing, and maintaining a system-wide Corporate Compliance program. The COO also oversees the Security Officer, the Director of Medical Records and the Director of Q.A. / Risk Management. In addition to the COO, PFCH has a director of Information Technology on staff to manage and evaluate all business cases the impact the infrastructure of the hospital. The COO works with the Security Officer, director of Medical records, and the director of Q.A. and Risk Management to manage the information...
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...Riordan Manufacturing Management and Communication Plan Riordan Manufacturing does not have a defined management and communication plan in place. Management hired a team of consultants to write-up and define the company’s power and political structure, organizational structure, possible effects on employee behavior, details on the company’s culture, and possible sources of resistance. The plan also includes a strategy to implement the changes, determine how to evaluate the success or failure of the new plan, define the most appropriate communication channel to advise employees of the new change, define potential barriers to effective communicate the change, and how to overcome these barriers if they do occur. The following is this plan with each of the listed topics. The current power structure of Riordan Manufacturing is a formal structure concerning the entire organization’s global operations. With facilities and plants in three different locations making different cultures and time zones variables of the organizations structure, formal rules establish a clear set of objectives and procedures for each individual plant’s operations to accomplish the organizations overall objective. Because the internal structure is grouped and organized to allow the different locations to interact and share information that is vital to the success of the organization through research and development, the structure Riordan uses is a traditional structure. Characteristics of Riordan Manufacturing...
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...1996 Apollo Hospitals of India (A) Dr. Prathap Reddy's office was filled with flowers. The tags conveyed birthday greetings from employees of Apollo Hospitals Madras and former patients, including the vice president of India. Reddy greeted a steady parade of well-wishers and paused to chat warmly by telephone with a former janitor who had called from the United States. Throughout the day, employees greeted “the Chairman” with smiles, hugs, and gifts. Dr. Reddy had founded Apollo Hospitals Madras in 1983 as the first corporate hospital in India. It offered sophisticated treatment in a comprehensive range of medical specialties. Stateof-the-art medical technology, operated by skilled technicians, complemented superior doctors, many of whom had left lucrative jobs in Europe and North America to come to Apollo. Other entrepreneurs had followed Apollo into the market, building several dozen corporate hospitals to compete with Apollo and its government-run forerunners. Since Apollo’s founding, the quality of medical care in India had improved substantially for those who could pay. Despite competition, though, Apollo Hospitals Madras remained a leader in the provision of top-quality medical care and had made a profit for 10 straight years. Reddy had been joined at Apollo by his four daughters, who took prominent roles in the company. Having introduced a new form of medical business to India, the family entered 1995 hoping to expand the availability of Apollo-quality...
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...Dark Chocolate? In October 2012, Andrea Torres, director of new product development at Montreaux Chocolate USA, was poring over data from a recent Nielsen BASES II test. Over 15 months had passed since the Consumer Foods Group (CFG) of Apollo Foods had purchased the rights to distribute Montreaux’s European chocolate products in the U.S. as a means of increasing market share, in pursuit of upscale market segments. Torres was now satisfied with the research and methodology that her New Product Development (NPD) team had employed to assess market opportunity in the U.S. to date. A board meeting was scheduled for December 10, at which Torres would be expected to make a solid, comprehensive, and compelling presentation on the status of the acquisition/assimilation of Montreaux and plans for the launch of the new product in the U.S. David Raymond, her division manager, had committed to a set of aggressive sales forecasts that placed even greater significance on the accuracy and adequacy of the research and its application. As a result, Torres was carefully and pragmatically evaluating her options: do further product testing, launch in selected test markets, stage a regional rollout, or launch nationally? Corporate and Company Background Apollo Foods, a Los Angeles, California-based, global consumer packaged-goods powerhouse, offered an unrivaled portfolio of brands, manufactured confectionery, biscuits, snacks, beverages, cheese, and convenient meals, as well as an array of packaged...
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