...Management Challenges and Concerns Report HRM 498 August 26, 2013 Management Challenges and Concerns Report Human resources planning is the process by which management figures out how to move businesses forward from its current position to the aspiration future placement. Effective planning will result in the organizational management developing the right kinds and right number of people doing things that result in the worker and the organization having maximum long-run benefits. Establishing objectives and following through by developing and implementing programs such as appraising, staffing, training, and compensating to ensure that people with the right characteristics and skills are available when and where the organization needs them. A major objective of human resources planning is facilitating business effectiveness. Human resources departments need to analyze data that may need to guide any age groups for future years. Organizations need to know what direction they are headed. Demographic areas also have implications for managing human resources. One of the most disturbing problems for the resolution of company issues is the caliber of the person hired to be the human resources manager or specialist. For any human resources employee, the level of the human resource employee needs to be beyond reproach. The duties of the human resources manager are so vast because they touch every department within the organization. Based on this, the human resources employee...
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...Businesses of all sizes face many challenges at present. Key challenges in relation to corporate reporting are to ensure that the annual report and accounts provide relevant and reliable information to stakeholders, comply with relevant law and accounting standards and tell a consistent story. All directors, both executive and non-executive, have a legal responsibility for preparing accounts and must not approve accounts unless they are satisfied that they give a true and fair view of the assets, liabilities, financial position and profit or loss. It is important not to underestimate your legal responsibility as a non-executive director to prepare accounts that give a true and fair view and that comply with the law and accounting standards. Following are the three issues in Financial Reporting which I consider are significant: 1. Going Concern - the continuing challenge The going concern assumption is a fundamental principle that underlies the preparation of the vast majority of financial reports. A company is a going concern when it is considered to be able to pay its debts as and when they are due, and continue in operation without any intention or necessity to liquidate or otherwise wind up its operations for at least the next 12 months. The continuing difficult economic conditions mean that the assumption that the business is a going concern may not be clear-cut in some cases and directors may need to make careful judgements relating to going concern. Directors need to ensure...
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...A project audit provides an opportunity to uncover the issues, concerns and challenges encountered in the execution of a project. It affords the project manager, project sponsor and project team an interim view of what has gone well and what needs to be improved with the project to successfully complete it. If done at the close of a project, a project audit can be used to develop success criteria for future projects by providing a forensic review. This review will provide an opportunity to learn what elements of the project were successfully managed and which ones presented some challenges. This will help the organization identify what it needs to do so that mistakes are not repeated on future projects. Regardless of whether the project audit is conducted mid-term on a project or at its conclusion, the process is similar. It is generally recommended that an outside facilitator conduct the project audit. This ensures confidentiality but also provides the team members and other stakeholders with the opportunity to be candid. They know that their input will be valued and the final report will not identify individual names, rather it will only include facts. It is common that individuals interviewed during the project audit of a particularly badly managed project will find speaking with an outside facilitator provides them with the opportunity to express their emotions and feelings about their involvement in the project and/or the impact the project has had on them. This “venting”...
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...COURSE NAME: ADVANCED OPERATIONS MANAGEMENT COURSE NUMBER: OMGT 701 CASE STUDY OUTLINE This case study is worth 25% of your final mark, and aims at providing you with practical insights about Supply Chain and Business Operations Management. Students are required to form teams consisting of no more than four members. Students should contact enterprises of their choice and obtain pertinent information about different challenges the enterprise in facing. In this respect, they should ask for some interviews accommodation with members of the management team and require their assistance and clarification in understanding the overall business operation processes. A report on their project findings, about 20 pages in length, should be released to the teacher by April 9, 2015, 10:30. Penalties of 10 points per day lateness for not meeting this deadline will be applied. The text of the report should be double-spaced, while suggested font size: 12. The report should contain the following elements: - a table of contents - an overview of the goods and/or services offered by your business unit of choice - a brief analysis of the enterprise mission statement - a description of the main products competitive strategies used - a description of the enterprise organizational structure - a description of the main product processes used - a description of the enterprise concern about quality management strategies with respect to both processes and...
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... THE FUTURE OF FASHION: SUSTAINABILITY THROUGH THE LENS OF THE FASHION INDUSTRY* By: Jennifer Johnson & Gina Wu Companies across all industries are facing the challenges of business sustainability, debating how best to address these risky issues while also embracing their opportunities for competitive advantage. This Teaching Module uses the context of the fashion industry to discuss topics that are shaping the future of all industries. These topics include sustainable resource management, the challenges and opportunities of global growth, workforce management, and the role of ethical consumption in business. The fashion industry offers a compelling case study for exploring business sustainability issues. In the fashion industry, as in many industries, success requires highly developed sourcing, design, manufacturing, and marketing chains. Increasingly, success also means incorporating sustainability in resource and labor management, as firms realize that long-term corporate survival will depend on new ways of doing business. Climate change, resource challenges, new technologies and dramatic shifts in the global economy are already impacting the industry. The nexus of these concerns allows students to explore sustainability challenges while providing a framework for discussing new business models and management techniques for the future. Given its enormous reach and connection to important business topics ranging from climate change to social networking, the fashion industry’s...
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...Economics and Political Science David Smith Monash University Social capital The role of management control systems in NGOs Research executive summary series Volume 6 | Issue 6 Key findings: • Non-governmental organisations (NGOs) are being confronted with the competitive nature of acquiring funds and need to demonstrate that they have particular competencies to funders, while at the same time continuing to adhere to their traditional welfare or development values. • The evidence shows that developing formal management controls can help NGOs to develop networks with government departments, funding agencies, other service providers and clients. However, formal management controls also have the potential to damage the internal bonding between employees. • Developing belief systems to incorporate financial concerns, along with traditional welfare goals, would seem a useful starting point in the move towards managing in a more competitive NGO sector. Overview and objectives In recent years non-governmental organisations (NGOs) have become increasingly important in addressing humanitarian issues relating to welfare and developmental aid. NGOs face increasing pressure to demonstrate service delivery in cost efficient ways. This creates tension over delivering welfare services while operating within the constraints of cost management. The application of management control systems has the potential to help in the effective and efficient delivery of services...
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...(http://www.oecd.org/daf/ca/corporategovernanceprinciples/43654301.pdf) Research quantifies the value of good governance in family businesses. In a study by Professor Panikkos Poutziouris of the Cyprus Institute of Management of 42 companies on the London Stock Exchange, listed family firms outperformed their listed non-family rivals by 40 percent from 1999 to 2005. But the study also shows that the outperformance of the Family Business63 Index only applies when the interests of shareholders and management are aligned. Credit Suisse64 research also showed that family-owned companies perform better: over the long term, such firms tend to achieve superior returns and higher profitability than companies with a fragmented shareholder structure. Credit Suisse analysts compared the stock performance of European companies with a significant family influence to firms with a broad shareholder base. The study incovered several factors that contribute to the success of familyowned firms: ff Longer-term strategic focus of the controlling shareholders and management, instead of operational focus on trying to surpass quarterly results in Better alignment of management The main challenge in family business governance relates to the existence of an additional layer of relationship that the owning/controlling family brings to the business.‑ For shareholders this complexity includes understanding the various interconnections among the owning/controlling family members. These roles...
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...Police in Disaster Risk Reduction and Management (DRRM) in Boracay, Malay, Aklan, Philippines Kenneth D. Barrientos1 Department of Environmental Science, Aklan State University- Ibajay, 5613 Aklan, Philippines barrientos.kenneth@asu.edu.ph Abstract The Armed Forces are front liners during disaster incidence. They are the first respondent due to force readily available and the easiest way for the government to deploy immediately. Hence, this paper evaluated the extent of the involvement of Philippine National Police in Disaster Risk Reduction and Management (DRRM) in Boracay Island, Malay, Aklan, Philippines. A self-administered questionnaire was utilized to solicit information from the seventy-six (76) police officers of Boracay. Collected data were sequentially analyzed using appropriate statistical tools such as frequency count, percentage, rank, mean, standard deviation and paired T-test for significant differences. The demographic profile of the respondents indicated that majority of the respondents are young, male officers who have served the department for less than eight (8) years, but had attended limited training on disaster management. Results also indicated that there was a “high involvement” among police officers in Boracay in terms of Disaster Preparedness and Disaster Response. However, data shows that Disaster Recovery and Mitigation are “moderately involved” by the respondents. One of the most encountered issues and challenges by the respondents is proper coordination...
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...XXIII once said, "and start thinking about grave problems—and decide to talk about them with the Pope. Then I wake up completely and remember that I am the Pope." Western industrial societies have undergone a similar awakening over the last three decades as the scale of the environmental and natural resource problems they face has become increasingly clear. In doing so—and before they finally accept that the responsibility for tackling these problems is theirs, not something to be pushed onto future generations—they typically move through a number of stages. These have included: ignorance awakening denial guilt reduction, displacement behaviour, and tokenism conversion integration In the wake of the publication of Our Common Future, the 1987 report of the World Commission on Environment and Development,' and the UN Conference on Environment and Development (UNCED) held in Rio de Janeiro in June 1992, the concept of sustainable development—involving the integration of environmental thinking into every aspect of social, political, and economic activity—has become central to the environmental debate. This article considers some of the ways in which business is now developing new "win-win-win" strategies in this area to simultaneously benefit the company, its customers, and the environment. I Towards the Sustainable Corporation 91 Sustainable Strategies? Most countries are still some considerable way from genuine conversion to the cause and realities of sustainable development...
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...Executive summary This report seeks to define Environmental sustainability and examine its importance in the contemporary world of corporate dominance in the world arena. Business activities are regularly having an increasing contribution to environmental problems and threatening sustainability. Phenomena like climate change and extreme weather events have evidenced the effects of relentless use and overuse of natural resources. The need for environmental sustainability has become important now more than ever following the occurrence of repeated natural disasters and studies showing the ill effects on human health. It has been established that the misuse of natural resources can threaten the existence of future generations. The role of businesses, civil society and governments has been discussed in the context of environmental sustainability in this report with focus on climate change. The oil and gas sector is an important sector in terms of sustainability related to the environment. The sector has been scrutinized widely for occurrences like leakages and oil spills. The companies in this sector have a huge impact on the environment. The importance of oil companies in the path to sustainable development has been discussed. The multinational giants British Petroleum and ExxonMobil have been used as case studies to understand the kind of initiatives being taken in this sector for a sustainable environment. Lastly, the challenges related to the sector in implementing these initiatives...
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...Role of HR in driving Corporate Sustainability measures Executive Summary After the Brundtland report in 1987, special emphasis has been given towards sustainable development and its interrelationship between firm productivity, societal equity and environment quality. Proactive organizations are accountable for facilitating, demonstrating and promoting corporate social responsibility. Companies have to rethink their strategy from being profit driven to corporate citizenship. There has been immense pressure from government, customer, employees and competitors to think towards environmental management. HR can play a critical role in this regard by acting as a medium to communicate and educate firms about the importance of CSR. At the same time HR can integrate business goals and CSR goals by implementing HR practices. Introduction Since rapid industrialisation, natural resources are getting depleted at a fast pace. There is a need to conserve and judiciously use natural resources so that there is no burden on our future generation. Corporate sustainability was once seen as a philanthropic activity but now it is getting its due importance in leading companies. Companies have gone to the extent of proactive environmental management which encourages corporations to prevent pollution at the source rather than at the end of pipeline (Annexure 01). Cutting edge firms are going beyond pollution prevention and exploring new opportunities for developing eco-friendly products, processes and...
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...compromising the ability of future generations to meet their own needs.” Sustainability is, therefore, more of a journey than a destination wherein ideals, values and measurement metrics are in a constant state of evolution. The quest for sustainable development started with environmental concerns, and climate change has now become one of the biggest developmental challenges. As the Brundtland Commission had discovered...
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...FINANCIAL SYSTEMS FU TURE CHALLENGES IN GROWING COMPLEX E NVIRONMENT DISSERTATION Roszak Sabrina Msc BC & IS Management 1 MSC IS&BCFinancial SYSTEMS FUTURE Challenges in growing complex environment DISS Acknowledgements It is not an easy task going back to school after seven years of work experience. And it is much harder going back to school being a young mum. For this reason, my deepest gratitude goes to my family who has always supported me and helped me in this initiative. Especially, I would like to thank my parents who always believed in me, my husband who encourages me and over all, my son, whose love gave me all necessary energy and strength. I would also like take the opportunity to thank all the teachers from the MSc, especially Ms. Hirzmann who encourages me in my professional choices and future carrier and my professor Mr. Parmantier who helped me complete this dissertation. F inally, I would like to express my gratitude to Mrs. Jalabert, SBM MONACO Finance Director for her time spent answering my questionnaire. 2 MSC IS&BCFinancial SYSTEMS FUTURE Challenges in growing complex environment DISS Glossary BI: Business Intelligence BSC: Balanced Scorecard CFO: Chief Financial Officer CPI: Cost Performance Indicator CPM: Corporate Performance Management CR: Corporate Reporting CRM: Customer Relationship Management EPM: Enterprise Performance Management ERP: Enterprise Resource Planning FASB: Financial...
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... | |The Academic Report | |British Airway’s Change Program | | | |[pic] | | | | | Contents Introduction 2 The Core Issues in BA 2 The Eight-step Change Process 2 Change Leadership 4 Change Readiness 5 Resistance to Change and Strategies 6 Stakeholder Analysis 6 Organizational Variables Impacting on Change 7 Specific Concerns and Problems 7 Managerial Challenges 8 Advised Approach 8 Conclusion 9 Introduction The dispute between BA management and Cabin Crew from 2009 to 2011 caused extensive impact throughout...
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...region. In the case study reviewed, a nurse who has just arrived for a 12 hours shift was concerned about the forecasted blizzard that was expected to bring two to three feet of snow in the next twelve to eighteen hours. Other nurses begin to get anxious and ask about contacting the nursing supervisor to seek strategies to ensure adequate staffing for patient care in the morning. Leadership within the healthcare facility should be cognoscente of the impending blizzard, and a contingency plan should be utilized to guarantee harm reduction during this internal/external disaster threat. Careful organization of contingency plans is necessary if those involved in a disaster are to respond effectively. “The most important aspect of disaster management is planning in advance” (Vennema, 2007, p. 138). Therefore, a contingency plan for external/internal disaster should be created and implemented long before the event occurs. Unfortunately, while the planning phase should be considered the most important step in disaster planning, it is also the step that usually...
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