...Use of Derivatives in Risk Management Teresa Fritz Ashford University Managerial Financial BUS 650 Dr. Wendy Achilles April 2, 2012 Use of Derivatives in Risk Management Risk management is in a company’s wonders all the time, the managers need to watch closely at all times to stay on top to make sure they have time to react to a risk that may arise. By using derivatives management may be putting their company at risk and need to know the common risks that are involved and know how to avoid them. Ten of the failures are poor governance and tone at the top, reckless risk taking, inability to implement enterprise risk management, nonexistence, ineffective or inefficient risk assessment, falling prey to Herd Mentality, misunderstanding the mindset of “if you can’t measure it, you can’t manage it”, accepting a lack of transparency in high-risk areas, nit integrating risk management with strategy-setting and performance management, ignoring the dysfunctionalities and blind spots of the organizations culture, and not involving the board in a timely manner (Beaumier, DeLoach). The derivatives that are used for risk management are interest rate derivatives such as interest rate swaps, interest rate caps, basic swaps, and rate lock (Kelly). All companies should have a policy that states derivatives can only be used for risk management purposes and not for speculating interest rate movements (Kelly). Derivatives used for risk management can be a good thing and can also be a risky...
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...MANAGEMENT STYLES USE IN INTERNATIONAL BUSINESS Daren C. Sarceno Saint Leo University Table of Contents Abstract 3 MANAGEMENT STYLES USE IN INTERNATIONAL BUSINESS 4 Democratic Management Style 4 Autocratic Management Style 5 Participative Management Style 7 Laissez-Faire Management Style 8 References 10 Abstract Management styles used by different successful companies like, Toyota implementing the ideas of their employees from all levels of the organization have made Toyota the successful car maker. Management styles used in international businesses are strictly dependent on the culture and traditions. The four main styles are the Democratic, Autocratic, Participative, and Laissez-faire. All four styles are used by different industries in the United States but, not all styles of management will work overseas. A leader will have to adapt to its environment, culture and people to implement the best style of management, in order to achieve maximum results. The Russian way of management will not work in Japan or China but, in Brazil and India the style of management will be welcome. Also, the type of business or organization will dictate the type of management style that is going to be implemented by the leadership. Keywords: self-management, delegative style, Latin culture. MANAGEMENT STYLES USE IN INTERNATIONAL BUSINESS Many companies in the United States are taking the advantage of modern technology to bridge the distances and made a decision...
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...The Beneficial Use of Honey in Wound Management Introduction The use of honey for medicinal purposes has been around for thousands of years. It has been documented to the era of the ancient Egyptians, to the days of the Islamic Prophet Muhammad, even to the battles of World War I. The use of honey has so far declined due to the advances in medicine; however, the improvements in antibiotics are not without flaws. Antibiotic-resistant microbes have proved to be a widespread problem in wound management in all health-care settings. This incline of antibiotic-resistance resulted in a renewed interest in honey for the use in wound therapy. Considered by most clinicians as “complementary” or “alternative” medicine, the purpose of the four articles on this specific topic was to provide academic thought into whether honey should be an acceptable form of wound management. The authors of the respectable articles thoroughly discussed each point of view in a matter that created a profound insight of the use of honey and its properties in wound care. Benefits According to Sharp (2009), honey “possesses antimicrobial and anti-inflammatory properties, promotes debridement, deodorizes wounds, maintains a moist wound environment and stimulates healing” (p. 66). Honey has been discovered to be rich in antioxidants, maintains a low pH environment, facilitates osmosis to create a moist wound bed, and produces natural hydrogen peroxide from glucose oxidation. These...
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...or provider must become familiar with in a facility that are non-clinical, Pixies for medications, Vocera for communications, electronic dictations devices, all are advancements to save time and increase efficiencies. While providing direct care, there are also diagnostic technology systems at our disposal; some diagnostics can be carried out from a remote location such as “Nighthawk TeleRadiology” with x-rays, CTs and other imaging studies being read in other countries and results fax or called to stateside facilities. Telemonitors analyze record and interpret a patient’s heart rhythm while an AED takes it a step further and recommends care. Defibrillators and insulin pumps continuously analyze and treat. Online patient management allows us to document, retrieve and store data and information in our systems and access it from various locations. This network enables doctors and patients to keep up with all of the data that a person accumulates in their medical history and maintains it in a manageable, accessible medium. There are many systems available, Epic, Medi-Tech, Last Word, MSM, Open Vue, Open Vista, EMD,Star Clinical, to name a few. In addition to documenting...
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...Statistics in the Workplace Statistics are used in my workplace for many reasons. My primary function is to maximize the capabilities of the military treatment facility at the same time ensuring patients receive quality health care in a timely fashion whether it is direct or purchased care. All requests for purchased care are first reviewed for medical necessity and are then re-directed within the military treatment facility for right of first refusal. If the military treatment facility does not have the capability, the requests are forwarded to the managed care service contractor. We also monitor referral patterns, and identify trends relating to network leakage, network care recapture, continuity of care, and customer satisfaction. I work with a team of nurses who don’t work under a clinical directorate. We work under the business directorate. I help to decrease the government’s spending at my facility in particular, on healthcare costs and help to generate revenue in our facility. When purchased care costs are down, our revenue is up. If we see an opportunity to generate revenue in other ways we approach the directorate of business operations to see if we can implement a new plan. Descriptive Statistics According to "Basic Statistical Concepts for Nurses" (2011), “Descriptive statistics are techniques which help the investigator to organize, summarize and describe measures of a sample. Here no predictions or inferences are made regarding population...
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...Argue for and against the use of personality tests in management. Personality testing is a tool used by many national and international organisations in evaluating candidates for the Selection and Hiring processes. Some Managers use them as a tool to evaluate the types of employees they have within the company, which employees they want more of and some companies even go as far as using these personality tests in promoting people. The number of companies that use these personality tests as part of their Human Resource functions, especially when the validity, reliability of results obtained by these tests is questionable, is alarming. Studies have shown that personality is unrelated to job performance, which shows personality can make no constructive contribution to management. When research can prove that these tests are not useful predictors of performance, why then do companies insist on using them? I suspect because administering psychological assessments give the assessor a feeling of power, control and importance. In contrast some studies have stated personality is likely to influence behaviour in weak situations which occurs when there is ambiguity in the meaning of the situation, where incentives for a particular response are unclear or absent. Strong situations are those that lead people to act in more or less the same way due to expectations and reward systems. Organisations are mainly strong situations, meaning the influence of personality on behaviour is nonexistent...
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...Use of Microsoft SharePoint for Configuration Management in IT Organizations In the contemporary business marketplace, the requirement for a technology-based system to provide the tools for global organizations to archive and manage information has become an increasingly present issue. The use of a corporate-wide portal, supported by a collaborative, content management platform, provides an Information Management System (IMS) that culminates organizational information and intellectual capital, document storage, and collaborative workspaces into a single resource, accessible through a centralized portal interface (Microsoft, 2006, p. 14). Configuration Management (CM) encompasses the management of requirements, production, testing, technical documentation, and organizational processes during the lifecycle of a software system’s development. Within Information Technology (IT) organizations, CM defines a series of systematic controls for changes and developments to the software system, which ensure the integrity and traceability of the environment and software configuration throughout the development lifecycle. The CM process is a culmination of activities and support from each level of the organization, ensuring compliance with all applicable standards and guidelines for software development and production. Figure 1. Overview of Configuration and Change Management Process Integral to effective employment of CM processes is collaboration amongst the following cross-functional...
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... Skin Care and Cosmetics 3 Durables - cookware and water treatment systems 4 Nutrition and Wellness - food supplements, food and drinks 5 Catalogue Items - third party electrical goods Home Care - laundry, cleaning and car care products Amway employs people worldwide in its offices, manufacturing centers, warehouses, call centers or stores. It also works with around three million Amway Business Owners (ABOs) in more than 80 countries. These ABOs are the link between Amway and its products and the consumer. They also link Amway with communities across the globe. For more than 45 years, it enabled people to have a business of their own. How Amway use the operation to compete? Amway has built up a strong regional structure around regional affiliates. For example, Amway UK and the Republic of Ireland. Operating through the regional structure, affiliate companies are responsible for: 1.) Forecasting (ensuring enough stocks are available to meet demand) 2.) Managing customer service and contact with customers 3.) Efficient distribution to ensure products reach ABOs on time and in top condition 4.)...
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...Introduction Strategies are important for all businesses, regardless of the products or services that they offer. Through strategic management and operations, companies are able to integrate new and effective means of running their respective businesses. In turn, these strategies results in an increased profit of sales, stable market position and greater levels of customer loyalty. In the fast food industry, businesses such as McDonald’s must establish certain business and marketing strategies. Primarily, the main goal of McDonald’s, just like any other organization is to sustain their competitive advantage in the global market. Overview of the Company McDonald’s has a rich history that started out in 1954. The company was put to the spotlight by Ray Kroc. Throughout the years, marketing ideas have poured through and helped the company become one of the most renowned fast food brands globally. The trademark design for the fast food was carefully studied and it came with a happy clown character known as Ronald MacDonald (McDonald, 2012). McDonald’s trademark sandwich, The Big Mac, is one of the many innovative products, the happy meal approach was also a creative marketing tool used to entice children to eat at McDonald’s because of the toys or other novelty items they can get. McDonald’s restaurants offer a substantially uniform menu, common in the usual fast foods. Many fast food restaurants, including McDonald’s, offer hamburgers, cheeseburger, chicken sandwiches, French...
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...Questions 1. As depicted by Marsha’s actions and reactions in the case, I believe that Marsha uses the lose-lose conflict management style. Additionally, Marsha uses the avoidance conflict management style when she responds to the news from a co-worker about the amount of her percentage increase. She is clearly bothered by the information, however she avoids the issue – hoping and waiting that Fred would initiate a discussion and the pay increase be handled according to the dean’s guidelines. This particular style influenced this situation as Marsha did not help herself nor Fred; instead she internalized and carried her frustration. a. Marsha had substance goals, which are goals that deal with outcomes that are related to the content issues under negotiation (Uhl-Bien, Schermerhorn, and Osborn, 2014). Marsha’s goals were to be recognized by Fred for her contributions and impact on the department, plan her goals for the upcoming year and to be compensated adequately for her level of performance. b. Based on Fred’s goals for the performance levels of the department and wanting to reward performance and restore pay equity, Marsha would most likely have had more successful if she had leveraged a collaborative conflict management approach. 2. As demonstrated by his actions, I believe Fred utilizes both the win-lose and the lose-lose...
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... department of building faculty of environmental design | BLDG715:Information technology in construction | Assignment | | ONU MARGARET ENE MSC/ENV-DESIGN/1927/2011-2012 | 4/23/2012 | LECTURER: ENGR. A.D ABDULAZEEZ ABDULLAHI BELLO | Question 1: What are the challenges construction Organizations face in using traditional form of records management? Question 2: What if any software do construction organizations use in processing and managing project records Introduction No government body or business could survive without making records of its activities. No office could operate successfully if it had to rely on memory alone to keep track of every transaction. Without records, all organised administration would quickly come to a halt. Records, and more specifically the information they contain, are one of the vital resources that an organisation needs to conduct its operations effectively. No organisation could continue without funding, personnel and material supplies. Similarly, it could not operate if it did not keep accurate and accessible records * In the context...
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...While ISO 9001 contains the basics of a good quality system the challenges of implementing across a large organisation with many business units can be many. Some specific issues Sears may have had to face could have included: * The tendency for people to prioritise compliance over quality * Hostility from the frontline workforce * Less than full engagement from management From the case study it is clear that Sears has paid careful attention to implementation of the ISO 9000:2000 Quality management principles due to the nature of the success of the program. Some specific examples in the text include: Principle 5 – Systems approach to management. Leadership of the program structured it so that they would achieve registration of the carry in service centres and then turn to the in home service side. Most likely lessons learned from the implementation in one side of the business were used to avoid the same issues on the other. Principle 4 – Process approach. The increase in output of the Chattanooga facility shows that processes for repair of lawn mowers was standardised and documented. A doubling of output would not be possible without such measures in place to ensure everyone was following the same steps in the same way. Principle 6 – continuous improvement could then be utilised to refine the processes as necessary. Principle 6 – Continuous improvement. The reduction of the frequency of recall rate shows application of continuous improvement in their processes...
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...Medical Center uses Evidence-based Management in the decision making for their whole organization. They are utilizing their tools to make changes within the organization, in turn involves better care for patients, saving patients money, and also saving the Hospital money. As Stanford business scholars Jeffrey Pfeffer and Robert Sutton said evidence based-management is based on the belief that “facing the hard truths about what works and what doesn’t will help organizations run better.” The Administration at Providence Medical Center encouraged all of the internal staff divisions to contribute their ideas to help lower costs and improve patient care. Since they were open to suggestions from all staff, they embraced the challenges of innovation. For example the nursing team came up with an idea to help reduce falls by patients when they are walking about in their rooms. Their evidence-based idea was a success and reduced the falls of patients. I think evidence based-management seems like a good way to run a hospital, or any type of or organization for that matter. The Management of the organization, company, ect. Develops ideas, and rationally decides which will be the most effective with what they are working towards changing. After putting their changes in motion, the company can check the results of their changes within a time frame, and then decide whether there is any evidence of improvement. 2.) Providence Medical Center implemented scientific management by using mathematics...
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...in make it appreciate again. Global communication has number of increase competitors again the company. The company has to create difference way in the competition. GC must have to address to the current issue and find better opportunities that will help grow the company in better direction. However, choosing the right problems that have the most opportunities will help Global communication to stay competitive in the telecommunication industries. The main issue and opportunities in Global communication is their competitors and the stock price dropping. Management does not have better relationship with the Union members, employees, and stakeholders who are the backbone of the company. In this paper the subject is the communication problem facing Global Communication, and will figure the opportunities and issues. With the best alternative and an optimal solution was provided with this issues, Global communication will use the model of making decision and solving problem skill. This paper will also present how changes will be adopted in the company. Global Communication will develop effective plans, and this plan will focus what needs to be changed in the company for better communication. Issue and Opportunity Identification Global Communication is under pressure because of their stock price had been dropped the company is facing challenges from many competitors in the communication...
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...Organizations and Society 29 (2004) 709–737 www.elsevier.com/locate/aos The effects of the interactive use of management control systems on product innovation Josep Bisbe a a,* , David Otley b ESADE Business School, Universitat Ramon Llull. Avda, Pedralbes 60-62, 08034 Barcelona Spain b Department of Accounting and Finance, Lancaster University, Lancaster LA1 4YX, UK Abstract SimonsÕ Ôlevers of controlÕ framework indicates that an interactive use of management control systems (MCS) contributes to fostering successful product innovation. However, his work is ambiguous in not specifying whether the relationship between interactive controls and innovation is a mediating or a moderating relationship. This paper examines the relationships among variables embedded in SimonsÕ framework of levers of control, explicitly distinguishing the different types of effects involved and testing their significance. The results of the survey-based research do not support the postulate that an interactive use of MCS favours innovation. They suggest this may be the case only in low-innovating firms, while the effect is in the opposite direction in high-innovating firms. No evidence is found either in favour of an indirect effect of the interactive use of MCS on performance acting through innovation. In contrast, the proposition that the impact of innovation on performance is moderated by the style of use of MCS is supported, with results indicating that the explanatory power of a model that regresses...
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