...Communication Plan for Malaysia by Team 2 No one could have predicted on March 8, 2014, Flight MH 370 would vanish off the face of the earth’s vast and sophisticated satellite network system without so much as a trace of physical evidence left behind. Tragically, it took the lives of 239 passengers and crewmembers within its chambers. To the families of these missing people, the youngest just 2 years old and the oldest just 76, the wait has been nothing short of a nightmare. While (an audience): of family members, a dozen countries with citizens aboard the flight, members of the world’s new media organizations and the rest of the world’s population, turned to the Malaysian Government Officials for answers, it became very clear, the government was ill prepared to handle a crisis of this magnitude. Malaysia reminds us why a communication plan matters. This crisis required (a goal): to carefully, caringly and consistently share credible information, even when there is little information to come by, for (the purpose): of comforting those in need, releasing only necessary and documented (communication messages): of what is known and admitting when something is unknown, through (channels): of confidential communications with family members and then using news and social medial to communicate non-sensitive information to the rest of the world, and in doing so, establishing trust with its targeted audience. This never happened and as a result, the Malaysian government caused added...
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...process of formulating an organisation plans. The most important planning, evaluation and communication benefits depend on an effective budgeting process that engages employees throughout all levels of the organisation. Four major benefits of effective budgeting are: 1. Budgeting provides an opportunity for managers to re-evaluate existing activities and evaluate possible new activities. 2. Budgeting compels managers to think ahead by formalizing their responsibilities for planning. 3. Budgeting aids managers in communicating objectives and coordinating actions across the organisation. 4. Budgeting provides benchmark to evaluate subsequent performance. The advantages of budgeting described previously are limited, in some cases severely, by problems associated with budgets. In this section, three problems that complicate the implantation of budgets: 1. Low levels of participation in the budget process and lack of acceptance of responsibility for the final budget. 2. Incentives to lie and cheat in the budget process. 3. Difficulties in obtaining accurate sales forecasts. What external factors need to be considered? External influences that are not in your control may have an impact on the success of your efforts. Having alternate plans or rethinking your strategies should be a part of your planning. Some external influences that can affect your financial planning include (examples in parenthesis): Government or national policies and legislations...
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...Incentive Plans Paper Danyiel Brown MGT/431 University of Phoenix March 29, 2012 Demetrius Holt Incentive Plans Paper Incentive plans are reward plans that are used to motivate employees to perform past the common values of their company and increase their productivity created by their company. . There are three types of incentive plans recognized by the experts in the HR and development field; they are enterprise, group and individual. One of the incentive plans that most organizations provide these days is merit pay. Merit pay is determined by the employee’s work performance and achievements set forth by the organization’s standards. “Merit raises can serve to motivate if employees perceive the raise to be related to the performance required to earn it” (Al-Nsour, 2012). There can be a downsize to providing employees with merit raises because over years the employees performance may decline but they will still feel that they are obligated to receive the raised whether they performed or not. There are other issues that can occur with merit pay incentives such as no rules put in place for managers to calculate work performance, not enough funds obtainable to increase the base pay for the entire staff and some employees may assume merit pay has nothing to do with their work performance and overall productivity. Merit pay sometimes does not motivate employees of an upper level because of the lack of honesty on both the managers and supervisors and the employees which...
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...AFM Assignment Question 2 Budgeting is a helpful budget worksheet that help you categorize your expenses and track your income and spending and hence, one can plan well for future monetary expenditure. Flexibility and inflexibility are key elements to successful budgeting and it can also act as a mean to estimate monthly expenses based on previous bills. Flexibility is not a fixed amount of budget. It is a good solution because when the company faces unexpected events , the money allocated for one purpose can be reallocated. On the other hand , inflexibility is having a specific amount of budget. It can be considered as a poor solution for companies as emergencies changes will not prioritized. In this modern and technological era, there are softwares that can help people carry out their budget planning. Firstly, it is important to make mental and physical note on your current expenses and then think critically on every penny that is spent. Next, one has to create the budget for the current month observing the expenses done in the previous step. Lastly, proper plans on how to spend need to be made with the help of online planning budget and it can help in the business as well as for the family expenses. There are two budgeting terms. One is long term budgeting other one is short term budgeting. Long term budgeting is looking at the future in order to know what the market needs.Short-term budgeting involves making budgets that is short-term, such as inventory...
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...These aircraft are necessary to carry cargo and passengers. Boeing is a global company that serves customers all over the world. There are strict regulations for companies such as Boeing due to the safety and performance concerns with air travel. Because of strict regulations Boeing has to conduct extensive planning so they can operate efficiently. For Boeing business planning is a very complicated process that is influenced by many internal and external factors. Boeing has remained successful over the years because of their strong ethics and planning abilities. Boeings planning function of management is the process of setting goals and objectives for the company to achieve over a set period of time. It is vital to the success of Boeing’s plans to include activities and tasks that upon completion will ensure they reach their goals. It is also necessary to take into account variables and unexpected occurrences that may hinder goals. For Boeing it is vital for each major department to use this method of planning. Boeing is still successfully efficient because they set goals in each major departments such as: sales, engineering, product testing, and all other departments. For every goal Boeing has a set of guidelines that explain how the goal will be achieved. All personnel should be involved in the guidelines. Boeing’s ultimate goal is to be efficient to the highest level. The process of management planning includes five basic steps. The first step is to analyzes the situation...
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...Open Actions: 1. Identify the new acquisition team for the review and the approval of Acquisition Plans and submission of PR packages. OAS currently is working to encourage earlier review of draft Acquisition Plans. 2. Host COR training and communicate dates available. This is a long term goal. However, OAS plans to review COR course offerings and training class capacity/utilization. 3. Visit a recipient 2-3 times over a project period. IDSB must determine if they would like to allocate funds for the site visits. 4. Develop guidance materials and facilitate training on managing carryover and how to utilize offset on cooperative agreements and grants. The IDSB Team seeks to provide training on carryover and how to utilize offset on cooperative...
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...ACCRA METROPOLITAN ASSEMBLY (ACCRA METROPOLITAN PLANNING COMMITTEE) 1. REGISTRAR LAND TITLE REGISTRY ACCRA 2. THE REGIONAL LANDS OFFICER LANDS COMMISSION SECRETARIAT ACCRA TOWN & COUNTRY PLANNING DEPT. P.O. BOX 2892 G.P.O., ACCRA TEL. 021 -682078/682080 …………………………..20…………… TITLE SEARCH ACCRA METROPOLITAN PLANNING AREA Development Application No……………………………………………………………… The Development Application particulars given below in respect of the piece of land shown in the attached Site Plan. Name and Address of Applicant Area and Particulars of site Zoning Proposed Development May we know, by comments hereunder, whether the Applicant has title to the plot/land (or not). Any additional/relevant information would be appreciated. …………………………………………………………………… Secretary Accra Metropolitan Planning Committee 1. Comments ………………………………………………………………………………………………………………………………………………………………… ………………………………………………………………………………………………………………………………………………………………… ………………………………………………………………………………………………………………………………………………………………… ………………………………………………………………………………………………………………………………………………………………… ………………………………………………………………………………………………………………………………………………………………… Date: …………………………………………20……………… …………………………………………………… *Registrar/Regional Lands Officer *Delete whichever is inapplicable ACCRA METROPOLITAN ASSEMBLY Telephone Nos. 682078, 682067 2892682076,682077 FileNo…………………………………… TOWN AND COUNTRY PLANNING P.O.BOX ACCRA. ………………………….20…………………… ACKNOWLEDGEMENT LETTER ...
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...Introduction and Summarisation The purpose of this case study is to highlight issues or problems evolving Volkswagen of America (VWoA) and how its projects are funded, while effectively identifying possible solutions to CIO, Dr. Matulovic. Unfortunately, Dr Matulovic is being challenged with hostile employees as he has introduced a new process of dividing the scarce budget to various projects to be funded. The new process has now been used for the first time, and is responsible for the controversy surrounding Dr. Matulovic, due to the fact that many of the organisations departments received no funding for their projects. Dr. Matulovic is now at crossroads about what to do with the situation. Key Issues and Problems The first and most obvious problem was that most to all of the projects were somehow funded on the old process or at the very least received little funding, however with the new process in place, projects with a rank of a 2 or 3 are rarely selected to receive funding which many considered unfair. Additionally, many argued the fact that IT infrastructure projects are not forced to withstand the same process and were treated separately was not reasonable and again was unfair. Another implication was that a project which is critical to the company and its global supply chain management was left only partially funded. The company’s multiyear SAP implementation was only midway finished and additionally needed full funding to stay on track, which in turn caused major...
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...achieving those goals through the strategy. These require existence of accurate and comprehensive plan for the strategy to be successful. Development of an action plan is a requirement. There are two types of plans: formal and informal Formal-requires to be written down and explained (information sharing) Informal- it is the totally opposite to the first one. It is more common for small organizations with small number of employees and also exists in large organizations. At the same time small organizations can use formal plans and planning process. Purpose of Planning Establishment of planning process has four significant reasons: It provides guidance and direction to the management and non-managing bodies. So the employees know what are the needs of the organization and what is required from them to do. This can affect also the overall performance of the employees. Sharing the goals and objectives of the company and the specific requirements can be implemented through the plan. Another reason is the reduction of uncertainty, anticipation of change, impact of change and development of appropriate response. There is a certain level of insecurity, fear and uncertainty related to the risk of change that cannot be eliminated. In fact a an appropriate response to changes is required. At the same time to avoid or minimize the risk the managers has to be able to create a flexible plan. Reduction of wasteful activities related to planning are coordinated better and also can be eliminated...
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...http://edugen.wileyplus.com/edugen/courses/crs4637/rc/jiambalvo3341c... GOAL OF MANAGERIAL ACCOUNTING LEARNING OBJECTIVE 1 State the primary goal of managerial accounting. Virtually all managers need to plan and control their operations and make a variety of decisions. The goal of managerial accounting is to provide the information they need for planning, control, and decision making. If your goal is to be an effective manager, a thorough understanding of managerial accounting is essential. Planning LEARNING OBJECTIVE 2 Describe how budgets are used in planning. Planning is a key activity for all companies. A plan communicates a company's goals to employees aiding coordination of various functions, such as sales and production.A plan also specifies the resources needed to achieve company goals. Budgets for Planning The financial plans prepared by managerial accountants are referred to as budgets. A wide variety of budgets may be prepared. For example, a profit budget indicates planned income, a cash-flow budget indicates planned cash inflows and outflows, and a production budget indicates the planned quantity of production and the expected costs. Consider the production budget for Surge Performance Beverage Company. In the coming year, the company plans to produce 5,000,000 12-ounce bottles. This amount is based on forecasted sales. To produce this volume, the company estimates it will spend $1,500,000 on bottles, $400,000 on ingredients, $150,000 on water,...
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...Developing and Implementing the Plan Emergency managers at all levels spend an enormous amount of time planning for the next disaster event. The time invested will help to prepare the whole community better when the emergency operations plan is ever needed. Planners realize how critical plans is when there is a disaster. Plans help the community during the entire process of the event. They will increase response times and will speed up the recovery process. The understanding of a good emergency operations plan is to save people’s lives and protect property. Having a well thought out plan in place will benefit the whole community. Mitigation Strategies The Federal Emergency Management Agency (FEMA) suggests that all emergency managers follow the guidelines designed in the Comprehensive Preparedness Guide (CPG) 101 when developing a plan (Federal Emergency Management Agency, 201 para 1). The framework of an emergency operation plan consists of goals, actions, and the action plan. The purpose of a plan is to identify the risk...
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...Wednesday, September 16, 2015 Ms. ________ CFO Office of University Finance, Florida International University, Miami, FL 33199 Subject: IMPLEMENTATION OF BUDGET STABILIZATION PLAN TO REDUCE FIU COSTS This letter is to inform all students, staff, administrators, and faculty members of the measures taken to overcome difficulties with the current budget. Despite to our efforts in reducing FIU financial costs, our revenues decreased by 20% compared to last year. Based on close analysis of our budget situation, we are not receiving enough funds from the state, we are spending more than our budget allows, and our tuition costs are lower than other similar educational institutions. We decided to create a strategy for the fiscal year 2016 to stabilize the budget situation. This strategy encapsulates five plans; the first two will be implemented on the summer 2015 while the remaining three plans will be applied starting January 2016. The strategy context will be as follows: * Increase tuition cost and fees by 6.5% to adjust inflation. * Frozen salaries for both faculty and staff for the next eighteen months. * Reducing spending for the fiscal year 2015 by 12%. * Request financial assistance from nonprofit organizations and the government. * Increase endowment by 10% for the fiscal year 2015 and an additional 15% for the following year. We hope that with these difficult actions our budget can be under control in the next two years while preserving...
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...Lincoln Electric, a company started over a century ago by John Lincoln had grown from a small electric motor company into the worldwide leader in welding consumables and other innovative products. It's success is attributed to dynamic and innovative products coupled with leadership based on shared-knowledge and adaptable incentive plans for it's employees. These incentive plans included company stock offerings, stock bonuses, good salaries, paid vacation, and guaranteed jobs. The incentives were believed to have contributed to the incredible success of the organization, and could be utilized as a model to their international operations.. Though Lincoln had a string of international success in their Canadian, Australian, and French operation,they were failing to realize profits internationally despite having rapid sales growth. Their balance sheet took a major hit as their debt began to climb, and were beginning to run low on cash. There were a number of causes to this failed policy. Just to name a few, acquisitions, management, and a poor business environment. As a result of their acquisitions, they were entering new markets that had poor labor management, unions, and low productivity. The management was dislocated abroad, and local management was highly inadequate. Secondly, the business environment was also poor. They were in the middle of a global recession, and the market was overpriced for companies. They would eventually learn from their mistakes, raise...
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...to a stationary shop such as Office Depot to copy the documents on time. - I need money for professional copying. - If I change the location, I need to consider parking and advising the client of the change in locations. Is there paid parking? If I change the location can we contact the client in time or should the client still meet at our office? We can take the client to the new location; however, the client might have time restraints and this might extend our meeting time. - We don’t have a hospitality budget. Would my supervisor be willing to buy the client a cup of coffee? I advised my manager that I will check if I can use another department’s photocopier. While the documents are copying, I would quickly call the closest Federal Government office to see if I can...
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...Introduction/Background Nancy Private Equity Group (NPEG) has recently embarked on its first venture into the theme park industry to date. This great opportunity aims to develop a derelict and neglected part of Beirut, create over 1000 job opportunities while being a sector leader in the use of eco-friendly materials. NPEG will deliver the project from ground to finish sub-contracting different stages of the project to leaders in their respective fields. This venture aims to deliver a first of its kind development combining a theme park and a hotel resort under one roof .All under the brand “Forever Young” (FY). Scope of Work Based on its large scale primary research on qualitative and quantitative issues, NPEG went onto to carry out secondary research using meta-analytic statistical techniques. Asmar construction (AC) have already presented the initial design for FY and won the bid. They will not only see their proposed structure brought to life, they will also manage the construction stage of the project on NPEG’s behalf. NPEG will create a subsidiary company Forever Young Co (FYC) which will begin by advertising and marketing the FY brand and go on to manage FY’s theme park and hotel resort. As mentioned above, NPEG will sub-contract the construction stage of FY on the basis of certain stages of the project being delivered by specific pre-agreed deadlines that AC architects and their NPEG counterparts will agree on. NPEG will use the world leader Arrow Dynamics (AD)...
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