...times of business disruption (Hiles, A., 2007). In any well formulated Business contingency plan (BCP) there will be five integral parts which is layout in Business contingency plan of XYZ Bakery Supply for total facility lost due to a hurricane. B1: Pre-Incident Preparedness In a Pre-incident strategies, we will implement procures that help us mitigate the impact of downtime during the total loss of facility. In this Pre-incident strategy the company will mandate a Business Contingency policy following in case of imminent approach of a powerful hurricane. * CEO, COO and CFO will monitor the hurricane and will make recommendation to close the faculty for safety. * All the department managers will have contact information for everyone in their department. When CEO gives notice to close the facility, COO will contact each of the faculty managers in turn contact the employees under that department. * COO will have a list of all vendors and customers and will contact then that that the facility will be closed. * Computer system containing vendor, customer,...
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...There are several different types of managers, but for Pepsi most of the focus is on the “C” level managers, the CEO, CFO, CIO, and COO. First the CEO, is an acronym for Chief Executive Officer, this person is in charge of everything and everyone and oversees the board of directors. The mains skills of the CEO at Pepsi are mostly focused on investor relations and glad-handing the shareholders. The experience required to be the CEO varies from company to company but always has to be voted on by the Board of directors. The education of CEO’s also varies but is at least a Masters in Business Administration and or sometimes a four year degree with a long time with the company gaining experience. The CFO, or Chief Financial Officer, is responsible for the money and account the company does as a whole. All financial decisions come from him on some level. Most CFO’s have degrees in accounting and business administration. Most CFO’s before promotion often have worked in accounting and made their way through the ladder by promotion, but CFO like CEO’s are appointed and approved by the board of directors. The COO, or Chief Operation Officer, is the seer of the Day to Day operations, if you want to know what’s going on with the company at any given moment the COO should always have a good idea. Education of COO’s varies but always a four year degree usually Business administration is required. Most COO’s are your success stories who started at the bottom of the company and have made their...
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...one-page paper using the standard assignment template provided in NYU Classes that summarizes the article’s content and whether or not you agree with the statement that chief information officers (CIOs) should report directly to chief executive officers (CEOs). Cite Sources Used – Use of APA format is mandatory. For more information on APA format, see http://owl.english.purdue.edu/owl/resource/560/02/ or http://library.williams.edu/citing/styles/apa.php. For more information about plagiarism, consult http://nyu.libguides.com/plagiarismSCPS or www.plagiarism.org. Please provide citations within the text, along with a list of references used. “This is a great time to be a CIO. We sit at the center of it all.” – IBM CIO Leadership Forum Participant CIOs are underestimated From the Sony case and some researches we could find that globally, a minority of CIOs (38 percent) reports directly to their CEO today. IT can be a really tough gig for making a valiant attempt to demonstrate business credibility by providing solutions that can have significant business impact, regardless of industry and regardless of vertical. It can. However, IT departments are constantly seen as “service providers” to the organization. CEOs that sit at the top of the organizational pyramid are slowly killing their CIOs by locking the CIOs out of strategy sessions. Why CIOs matters A LOT * The business landscape is changing As business and technology strategies increasingly become one...
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...Q1: Jon Fries, Fletcher Anderson, Craig Schuster, and Catherine Sprauer are the main figures in this case and they had important responsibilities in F&C International, Inc. Jon Fries was the President, CEO, and managing director of F&C international, Inc. He was in charge of the total management of the company. The key responsibilities of Jon Fries were to align the company, internally and externally, with his strategic vision. His duties were to facilitate business outside of the company while guiding employees and other executive officers towards a central objective. As a CEO, Jon Fries had high interaction with F&C`s independent auditors, but he misguided them by creating false documents, mislabeling inventory, and undercutting the subordinates` attempts to expose the fraud. Fletcher Anderson was the Chief Operating Officer and member of company's board of directors. As the COO of the company, his responsibilities were to ensure that business operations are efficient and effective and that the proper management resources, distribution of goods and services to customers, and analysis of systems are conducted. Anderson later became the president and CEO of F&C international, Inc. As a COO, Fletcher Anderson had interaction with F&C`s independent auditors. He and controller supposed to provide all the documents and answer all the questions of the independent auditors but they didn�t tell them about the fraud of the company. Craig Schuster served as the Chief Financial...
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...Accounting 557 Assignment 1 Student EAS Professor Alfred Greenfield Strayer University 27 October 2013 Many organizations have been in the news over the past few years due to accounting ethical breaches that have affected their customers, employees, and the general public. I searched the Internet to locate a story in the news that depicts an accounting ethical breach. I selected Krispy Kreme. I enjoy their hot donuts and was curious to learn more about how they played with the numbers. For some reason I always want to dig into the trickery behind the manipulation of financial statements. When we get right down to it playing games is what happens. Someone comes along and they think they know something the rest of us are too dumb to know. They think they are special and that God bestowed upon them special powers to get away with something no one else has been able to get away with in the entire history of mankind. I am intrigued with the thought process behind the faces of these people who think they have what it takes to trick the rest of us. I can only think of a few words; hubris, vanity, ego, arrogance and delusional. I do not believe it is truly possible to ever get away with anything. No man has a good enough memory to be a successful liar. Given the corporate ethical breaches in recent times, I will assess whether or not I believe that the current business and regulatory environment is more conducive to ethical behavior. I will say up front that as I start this...
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...A Project Case Analysis Of Dell Corporation A Case Analysis Project Submitted to the Faculty of the University of Perpetual Help System – Jonelta City of Biñan, Laguna In Partial Fulfilment Of the Requirements for the Degree of Bachelor of Science in Business Administration Major in Marketing Management JOHN PHILIPP M. PE March 2015 CASE TITLE: DELL INCORPORATION INTRODUCTION: In 1984, Michael Dell invested $1,000 in start-up capital to register his business as Dell Computer Corporation, which was known as PC's limited. The company becomes the first in the industry to sell directly to end-users by passing the dominant system of using computers resellers to sell mass-produced computers. Dell Computer also pioneers the industry first thirty-day money back guarantee. It became the cornerstone of Dell's commitment to expand its service offerings, superior customer satisfaction, and the industry’s first on-site service program. It also established its first international subsidiary in the United Kingdom, and raised $30 million in its initial public offering. STATEMENT OF THE PROBLEM:The problem with Dell Inc. was the rapid growth within the company in their beginning stages. STATEMENT OF THE OBJECTIVES: The objective of this study is to know how Dell Corporation solve the problem of rapid growth within the company in their beginning stages and how they win over their competitors. TIME FRAME: 24 Months POINT OF VIEW: Business leaders such as Dell constantly...
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...which the customer provides a reward card or number to reference (phone #) during checkout process. Since this system will be collecting customers’ personal information, it is imperative that potential issues are addressed prior to the implementation of this system. In order to open a rewards account a customer will need to provide personal data such as phone numbers, and home/email addresses. Due to the sensitivity of this data and the protection of the customer in mind, considerations need to be made making the customer aware of the intended use of this data. It will be important that the information regarding the use of this data is clearly stated on the application form. Stakeholders Chief Executive Officer (CEO), Chief Operations Officer (COO) CEO...
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...FACULTY Of Entrepreneurship And Business ENTREPRENEURSHIP AFT 1013 BUSINESS PLAN SANDWICH LAND GROUP : L4T3 GROUP MEMBER: Michelle Lee Yueh Jia A12A236 Michelle Dagny Christopher A12A235 Lee Heng Ee A12A769 Lim Siew Hui A12A773 Mira Binti Abdul Rasyid A12A238 Mohammad Aman Bin Ghani A12A255 Loo Chee Soon A12A774 Nur Fatin Binti Idris A12A791 Contents 1.0 Executive Summary 1.1 Objective 1.2 Mission 1.3 Keys to Success 2.0 Introduction 3.0 Purpose 4.0 Business / Company Background 5.0 Background of Partners / Shareholders 6.0 Administrative Plan 7.0 Marketing Plan 8.0 Operation Plan 9.0 Financial Plan 10.0 Summary 1.0 Executive Summary 1.1 Objective For students who like to eat prawn noodle, keropok lekor, and jagung bakar. Well we already acknowledge that we can buy the keropok lekor and jagung bakar at the night market (pasar malam) However, prawn noodle its something difficult to find in Pengkalan Chepa, and that’s why we are selling our main course, Prawn Noodle. 1.2 Mission - To be among the modest company in Pengkalan Chepa. -Gaining profits by providing our customers the best dishes in town. -Becoming one of the effective and successful entrepreneur in Malaysia. 1.3 Keys to Success - Besides jagung bakar and keropok lekor, we...
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...“We Care” and 250 employees from “Sunshine”). The Company expects to increase their employee population by another 300 people by 2016. The COO (Chief Operating Officer) of “We Care” has determined that there are a number of duplicate jobs and some jobs are obsolete based on the new business strategy. The COO would like to streamline the present jobs and create new ones that will support the new business strategy going forward. The goal of the Company is to be the leader in the home care services industry within five years. At the same time, the CFO (Chief Financial Officer) has determined as a result of the merger, the largest budget expense is in the area of employees’ salaries and benefits. She would like to reduce the salary and benefit expenses by 15% over the next 2 yrs. She is aware of the initiative to create new jobs which will support the new business strategy, but also needs to address the large expense items which appear in the budget. The Director of HR has selected you, a Compensation & Benefits Consultant to work on this “special” project which is to recommend which jobs should be eliminated and created to support the new business strategy. She would also like you to work with the “We Care” compensation team to determine the appropriate salaries for each of the positions at the company. And since, the CFO is looking to reduce the benefits cost, she recommends you work with the benefits team to determine which benefits should be offered at the Company...
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...companies. Unfortunately, the affected sizes of companies became larger than COSO’s 1999 study. The larger sizes of companies be affected, the more people involve in the fraud. The COSO Fraudulent Financial Reporting also states, “once fraud is initiated in one financial period, management often continues to perpetrate fraud in each quarterly and annual financial statement filing for about two years.” The longer period of time of fraud involves will cause more seriously consequences in the future. Thus, both large sizes and longer period happen at the same time will largely increase misstatement or misappropriation. 2. Who are the perpetrators? The perpetrator from the most frequently named to the least in an AAER: CEO, CFO, CEO and CFO, controller, COO, other Vice Presidents, and other titles. 3. What is happening with corporate governance? There are not significant differences of board governance characteristics between fraud and non-fraud firms. COSO gathered a sample of 203 no-fraud companies that is similar to 203 fraud companies to make a comparison. Because lack of notable statistical differences in many of the governance characteristics, many board of director characteristics are not significantly differ between fraud and non-fraud firms. 4. Are auditors doing a good job? Auditors are not doing a good job. The fraud companies’ percentage of switching auditors between the issuance of the last clean financial statements and the last set of fraudulently...
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...will flow from top to bottom. The position titles that are in the diagram are the only ones that will have this information available to them. Floor level employees and first level management will be limited to this information. At the top of the diagram I have the CEO, CIO, and CFO. These are your top three senior management and they should have all information available to them at all times. After doing more research I was made aware that Riordan does not have a COO but instead a CFO. If this company also had a COO then they would be in this top level management as well. The data information then goes to each department umbrella. From there it then flows to those that are top level managers in that department. This is to help keep information / data organized and flowing properly. This will also help senior level management make decisions that are needed. This change in the system and the flow diagram should help Riordan become a better organized company and able to execute at any given moment. All information will be available to those that have access to this information without hesitation. The way their old system was set up had information scattered across the various locations without the CEO having access to the information he needed at the time of his request. Now...
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...Jamaica Water Properties Introduction The case is about an accounting fraud that involves the Jamaica Water Properties, Inc. This fraud was discovered by David Sokol, who was at that time served as COO (Chief Operating Officer) of the Jamaica Water Properties, Inc. The main culprit was Ernest Grendi, JWP’s CFO, helped by several of the company’s senior accountants. Moreover, the company’s external auditor, Ernst & Young, seems to be involved as well. This case will show regarding the auditor independence, its duty as professional accountant, fraud, and the perspective from the employees toward their higher-ups management. Background Its company’s name, before becoming as JWP, was the Jamaica Water Supply Company. It began its operations in 1886 as a small business that delivered water to a few neighborhoods in the Queens borough of New York City. Gradually, the company expanded its geographic market and eventually became one of New York State’s largest water utilities. In the mid-1960s, Martin Dwyer took control of the company. Dwyer realized that the heavily regulated water utility industry limited his company’s profit potential, so he decided to expand it into other business. Because of his familiarity with governmental agencies, Dwyer began offering various contracting and construction services to local municipalities. Over the next several years, the company expanded into other lines of businesses by acquiring a varied assortment of small firms in the New York...
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...going to be a powerful leader. Picking the people who would be on the task forces was not an easy task. Paul did not want the steering committees to be too big because he wanted to make sure that people were productive and able to participate. He wanted to make sure that they had a broad representation of the hospital by the faculty and the administrative staff. There needed to be people who knew something about the area so they would know how to carry out the recommendations. The role of the steering committee was to be staff to the chiefs as well as approving major policy changes. If the chiefs were involved in too many task forces then it would undermine what Levy was trying to accomplish. Paul announced that he did not want the COO and the CFO on the task force and they were quite offended. Their perspective was that they were going to be ultimately responsible for what happens so they...
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...control when that position is not also the CFO. The PAO has extensive knowledge of the accounting processes and control structures within the company so an attestation on internal control effectiveness would be pertinent. In the Koss case, the PAO is the one perpetrating the fraud so the attestation from the PAO would be unhelpful. However, I do believe the opinion of this position does matter on assessing internal control effectiveness. 2.When one individual holds that much control over an organization it becomes a huge inherent risk to the auditor. If one person is the CEO, CFO, and COO, there are not that many others who would question decisions or scrutinize certain actions of someone with that much power. There is clear ability for management override and therefore inherent risk should be set high for the auditor. Risk is mitigated with accountability, and in a case like this one there seems to be a huge lack of accountability among upper level executives. 3.I think there should be minimum education requirements for CFOs of publicly traded companies. Not many people become CFOs without some advanced degree. Most of the time the exception to that would be people without business degrees who inherit the position, like Michael Koss. For these people there should be an educational requirement. The reason is because investors rely on information that can be complex and must be reviewed and detailed by the CFO. That is a huge responsibility and I think it...
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...hold specific executive powers conferred onto them with and by the authority of the board of directors and/or the shareholders of the organization (Wikipedia, 2013). On this note, this paper takes a look at the management team of eagle computers with each team member’s peculiar talents or skills, the McKinney 7-s assessment /model as it applies to business, EC’s business-level strategy, and how it fits with the corporate strategy. Management Team/team talents or skills The management team of EC includes the chief executive officer (CEO), chief operations officer (COO), chief financial officer (CFO), chief information officer (CIO), chief technology officer (CTO), chief revenue officer (CRO), and the chief visionary officer (CVO). The CEO who is the top most managers is responsible for the entire operations of EC. She sees to the implementation of board decisions and initiatives to maintain successful operation of EC. Akpene Addo-Teye, CEO is talented and has very good managerial skills. She is very innovative and also good at computer and software designs, which complements her...
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