...Managing Your Skills - Strayer University NEW 2015 Version Note: The companies mentioned herein are merely hypothetical organizations with characteristics developed to enable students to respond to the assignment. You may create and / or make all necessary assumptions needed for the completion of this assignment. In this assignment, you, in the role of a risk manager at Simply Green Products, will draft a document that is commonly used in the business world—a memorandum to your boss. Simply Green Products is a $10 million company that produces biodegradable packing materials that orchards use in the Shenandoah Valley to transport their apples, peaches, and pears nationwide. Biodegradable materials are more eco-friendly because they break down into the environment. Such packing materials are marketed under the name “SafePack,” which is heavily advertised in trade journals. Simply Green Products have had the name “SafePack” imprinted on all of their packing material since 2008; however, they never filed for either state or federal trademark protection. With the movement toward more eco-friendly agricultural production, the fact that such packing materials are biodegradable provides a primary marketing advantage over non-biodegradable competitors. The company president, Shep Howard, has recently become aware of several issues that may require referral to the company’s outside counsel. Because you serve as the company’s risk manager, Howard has asked you to leverage your legal...
Words: 1882 - Pages: 8
...Memorandum - Compliance Training Virginia Sacco University of Phoenix Project Planning and Implementation CMGT 410 Steven Jarvis November 25, 2012 Memorandum - Compliance Training TO: Manager FROM: Virginia Sacco DATE: November 25, 2012 SUBJECT: Memorandum – Compliance Training As one of the Training Officers (TO) for the company in last week’s training meeting it has been brought to my attention that there will be a rollout of a new companywide information system that will require additional training. The new system will impact the branch offices throughout the company worldwide therefore it is imperative that everyone receives adequate training. The training can be completed in roughly 10 hours. Completing the training will be difficult primarily for branch managers (other employees will be scheduled to complete the training) as branch managers do not typically have much flexibility in their schedule therefore we did discuss how to implement ways to offer the mandatory training. Excessive time was spent during the meeting to discuss how to best implement the required training such as conducting a centralized training sessions, offering CBTs (Computer Based Training), VTC (Video Teleconferences), deploying System Matter Experts and/or Training Officers to conduct OJT (On-Job-Training). Centralized training sessions would require a lot of organization of a region to have all mangers to attend therefore it is not a mandatory option but it will be an...
Words: 821 - Pages: 4
...Thomas Edison State College Abstract In today’s society communication in the workplace is seen as one of the most vital element to a successful business. Effective communication has been proven to be one of the keys to success. Some of the main characteristics of good communication can be found in highly successful companies. According to Haynes and the discussion of the strategic approach to managerial communication it is compared to an onion with many layers. The main characteristics of communication are firstly the working environment or climate. A trusting and open climate allows for positive communications. At the Credit Union the relationship between the managers and employees was very important. Communication is a constant changing and evolving part of every business. At the credit union the manager communicated with his direct employee through speech when she was available. With face- to -face communication all of the elements of communication can be accomplished. . Application of Managerial Communications In today’s society communication in the workplace is seen as one of the most vital element to a successful business. Effective communication has been proven to be one of the keys to success. Good communication makes for a happier working environment and has been shown to yield higher production numbers and therefore bigger profits. Some of the main characteristics of good communication can be found in highly successful companies. In Managerial Communications...
Words: 1137 - Pages: 5
...only reserved for individuals, such as to sue and be sued, own property, hire employees or loan and borrow money. As Under Sec 2 (1) (d) The Company Act, 1994: “Company means a company formed and registered under this Act or an existing company.” PROMOTION OF A COMPANY Promotion is the first stage in the formation of a company . It involves conceiving a business opportunity & taking an initiative to form a company so that practical shape can be given to exploiting the available business opportunity. FUNCTIONS OF A PROMOTER (i) Identification of business opportunity (ii) Feasibility studies (a) Technical feasibility (b) Financial feasibility (c) Economic feasibility (iii) Name approval (iv) Fixing up Signatories to the Memorandum of Association (v) Appointment of professionals (vi) preparation of necessary document 1 (2) the characteristics of company: Characteristics of Company: Any Company Private or Public formed and registered according to The Company Act of 1994 has the following salient features: 1. A separate legal entity 2. An artificial legal body or person 3. An organized and incorporated body 4. Perpetual succession 5. Limited range of liabilities 6. Common seal 7. Right to enter in contracts 8. Right to own property 9. Right to sue 10. Flexibility of investment 2. (1) Define Public & Private Company? A. Private Company- A private company is one which, by its articles, a) restricts the right of the members to transfer their shares,...
Words: 3252 - Pages: 14
...Score: 1. 60/100 Points 60 % Award: 10 out of 10.00 points Accounting is defined as the process by which financial information about a business is recorded, classified, summarized, interpreted, and communicated to owners, managers, and other interested parties. ✓ True False References True / False 2. Learning Objective: 01-01 Define accounting. Award: 0 out of 10.00 points Which of the following is NOT part of the process of accounting for financial information? Recording Identifying Communicating Classifying References Multiple Choice Learning Objective: 01-01 Define accounting. Learning Objective: 01-06 Define the accounting terms new to this chapter. 3. Award: 10 out of 10.00 points Tax accounting involves tax compliance and tax evaluation. ✓ tax planning. tax configuration. tax obfuscation. References Multiple Choice 4. Learning Objective: 01-02 Identify and discuss career opportunities in accounting. Award: 10 out of 10.00 points A form of the partnerships business entity is ✓ LLP. LLC. INC. DBA. References Multiple Choice Learning Objective: 01-04 Compare and contrast the three types of business entities. 5. Award: 0 out of 10.00 points The Sarbanes-Oxley Act includes rules on auditor retention. auditor reliability. auditor rotation. auditor reporting. References Multiple Choice 6. Learning...
Words: 525 - Pages: 3
...Executive Summury Harmonization of the rules relating to company law and corporate governance, as well as to accounting and auditing, is essential for creating a Single Market for Financial Services and products. In the fields of company law and corporate governance, objectives include: providing equivalent protection for shareholders and other parties concerned with companies; ensuring freedom of establishment for companies throughout the EU; fostering efficiency and competitiveness of business; promoting cross-border cooperation between companies in different Member States; and stimulating discussions between Member States on the modernization of company law and corporate governance. This report is a diagnostic assessment of the corporate governance regulations and practices in Bangladesh. The assessment is measured against international norms and current practices as recognized by the OECD Guidelines on Corporate Governance. The report identifies critical areas where institutions, regulations, or other economic factors in the corporate sector could be strengthened to improve corporate governance (CG). As such, the authors identify strengths and weaknesses of legal requirements, regulations, and corporate practices. To identify the current strengths and weaknesses, the authors drew heavily on a review of laws and a survey of businesses organisations carried out by the research team as well as a series of interviews with key stakeholders. This analysis will serve as a basis on...
Words: 6220 - Pages: 25
...anything, would help you better evaluate its conclusion. The following appeared as part of an annual report sent to stockholders by Olympic Foods, a processor of frozen foods: “Over time, the costs of processing go down because as organizations learn how to do things better, they become more efficient. In color film processing, for example, the cost of a 3-by-5-inch print fell from 50 cents for five-day service in 1970 to 20 cents for one-day service in 1984. The same principle applies to the processing of food. And since Olympic Foods will soon celebrate its 25th birthday, we can expect that our long experience will enable us to minimize costs and thus maximize profits.” Discuss how well reasoned . . . etc. The following appeared in a memorandum from the business department of the Apogee Company: “When the Apogee Company had all its operations in one location, it was more profitable than it is today. Therefore, the Apogee Company should close down its field offices and conduct all its operations from a single location. Such centralization would improve profitability by cutting costs and helping the company maintain better supervision of all employees.” Discuss how well reasoned . . . etc. The...
Words: 15216 - Pages: 61
...operations of Cliffside Holding Company proposed at a recent meeting that the company establish a training program for junior executives. The new program would fund the costs to send 20 employees to the Aspen Leadership Institute of Colorado for an intensive three week leadership-development training at the cost of $5,000 per person. The CEO of the company has asked the VP of Human Resources, Anil Ravaswami (hereafter referred to as “Mr. R.”), to analyze the proposal and report back his findings. Mr. R has completed his research and analysis and presents his findings in a memorandum to the CEO of the organization (A. Ravaswami, personal communication, October 10 2014). The following is an analysis of Mr. R’s memorandum that has been organized based upon the strategies presented in the book Asking the Right Questions, by Neil Browne and Stuart M. Keeley (Asking the Right Questions, 2015). Browne and Keeley have established a framework through which one can analyze and evaluate issues, reasons, assumptions and conclusions through a series of thinking tools and strategies and the following is presented based upon that framework. What are the Issues and Conclusions? The issue at hand is what Browne and Keeley refer to as a prescriptive issue, one that seeks to determine whether or not the company should incur the costs to develop a new leadership training program. Prescriptive issues bring into question whether or not a contemplated action is _________________. Mr...
Words: 3255 - Pages: 14
...Imagine you are a midlevel sales manager at InterClean, Inc. with three first-level managers under your responsibility. In response to a merger that is about to take place with EnviroTech, you have been instructed to draft a memo to your supervisory team about the importance of the behavior exhibited by managers. Review the InterClean–EnviroTech Merger Scenario on the student website. Write a 700- to 1,050-word memo that includes the following information: Explain how a manager’s behavior can affect the productivity of his or her workers. Describe the types of management action that align with employment laws and those that do not. Describe best practices for working within a diverse work environment. Note. Be sure to draw from your experiences and readings for each aspect of your memo. APA format is not required for this memo; however, you must include a title page and a references page. MEMORANDUM To: First-level Managers From: Sanjay Patel, Sales Manager Re: InterClean – EnviroTech Merger Date: February 21, 2011 First and foremost I would like to confirm the rumors you have been hearing about InterClean merging with EnviroTech. This is an exciting time for InterClean, as we look at this merger as a great opportunity for our company to gain market share and build for future success. While this merger may cause some uneasiness among our employees, it is vital for our management team to stay professional and address our employees concerns thru...
Words: 902 - Pages: 4
...would help you better evaluate its conclusion. The following appeared as part of an annual report sent to stockholders by Olympic Foods, a processor of frozen foods: “Over time, the costs of processing go down because as organizations learn how to do things better, they become more efficient. In color film processing, for example, the cost of a 3-by-5-inch print fell from 50 cents for five-day service in 1970 to 20 cents for one-day service in 1984. The same principle applies to the processing of food. And since Olympic Foods will soon celebrate its 25th birthday, we can expect that our long experience will enable us to minimize costs and thus maximize profits.” Discuss how well reasoned . . . etc. The following appeared in a memorandum from the business department of the Apogee Company: “When the Apogee Company had all its operations in one location, it was more profitable than it is today. Therefore, the Apogee Company should close down its field offices and conduct all its operations from a single location. Such centralization would improve profitability by cutting costs and helping the company maintain better supervision of all employees.” Discuss how well reasoned . . ....
Words: 15216 - Pages: 61
...InterClean–EnviroTech Merger Memorandum Armond R. Dowdell HRM/531 HUMAN CAPITAL MANAGEMENT Dr. Rosie DeCosmo June 7, 2010 MEMORANDUM To: First- level Management Team From: Armond Dowdell Mid-level Manager Date: June 7, 2010 Re: InterClean–EnviroTech Merger The purpose for this memo is to inform the first-level sales managers at about the recent merger with Environ Tech and the importance of the roll management should play in making the merger a smooth transaction. I would like to take time to inform you about the expectations that are in place for my first-level managers. The memo will discuss how the behavior of a manager can impact the performance of his or her workers and the best practices for working within a diverse work environment. The merger will bring a diverse working environment and a lot of new ideas. The merger will allow InterClean to penetrate new markets and expand our consumer base. This is a great opportunity for us to gain market share on our competitors, but this can’t be achievable without your help. We must embrace the merger and the people that will join us along with their ideas. With the new merger of the companies, I’m confident that productivity will see a significant increase and revenue will rise. As first-level managers, you are the driving force to the success of the company. You will be asked to take on more responsibility as InterClean also plans to add its service line, so additional training will be required. To...
Words: 857 - Pages: 4
...446). The purposes of this memorandum are to identify and describe the formal organizational structure of the Smith & Falmouth (S & F) company. The S & F is a tele-shopping and mail order network that has operation in the United States and Canada. The memorandum also compares S & F’s structure with other organizational structures, analyze the effectiveness of the S & F organization’s informal culture with the formal structure. The memorandum also assesses the informal culture of the S & F’s company, determines its impacts on the formal structure, and discusses the role of power and politics within the organizational culture. In addition, the memorandum will demonstrate the power and politics within the S & F culture and recommend the most effective leadership style to Irene Seagrave, chief executive officer of the S & F. In terms of labor and coordination, the formal structure of S & F was coordinated through informal communication under a formal hierarchy that included sharing information on the mutual task between the three managers and the chief executive operation. According to McShane and Von Glinow (2004), the Hierarchy assigns legitimate power to individuals for directing the work flow. In terms of elements of organizational structure, S & F was a flat structure with a wide span of control. Even though the structure was centralized, S & F had been operated as a decentralized company, in which the operational manager and the logistics manager coordinated with each other...
Words: 2161 - Pages: 9
...Memorandum HRM/531 Human Capital Management April 8, 2013 Dr. Laurene Collins Memorandum To: From: Date: April 8, 2013 Re: Human Resources (HR) officer Analysis: In the past, we have lacked the component of internal and external customer service skills in our employment opportunity for a human resources (HR) officer. In order to do this, we will restate the position, with this important feature included ("Human resources job," 2012). Purpose: The HR officer is expected to provide complete support to the various duty functions to include recruitment, enrollment, guidance, instruction, performance and growth of the organization, salary disbursement, negotiation with external organizations, and the maintenance of the right conditions in the work place and is responsible for internal and external customer service training. They also are required to monitor employees and also counsel them if this is required. HR officers develop and advise on organizational policies, and ensure their proper implementation. These policies are related to the effective employment of employees within the organization. They are to ensure that the employees are all rightly balanced in skills and knowledge. For this reason, they conduct training programs. The HR officer works consistently towards the enhancement of an employee’s performance so that they achieve or exceed their targeted goals. Typical Work Requirements: The HR officer should have a clear understanding of the organization's...
Words: 496 - Pages: 2
...Merger Memorandum Christopher L Kearney University of Phoenix HRM/531 Human Capital Management Shavona Wright November 8, 2010 MEMORANDUM To: First-Level Management Team From: Christopher L. Kearney Date: November 8, 2010 Re: InterClean-Enviro Tech Merger This memo is designed to inform the first-level managers about the recent merger with Environ Tech and the vital role management will play in ensuring the transition is a smooth one for everyone. I will explain the expectations for the management team and discuss how important it is managers lead by example so that other employees will follow the managers lead. The attitude of a manager has a huge effect on subordinates, and as managers it is important not to allow behaviors to hinder the performance of others and this is each supervisor will have to develop better strategies when working in an environment with diversity. The merger will generate a higher degree of diversity, which will allow others to build on their strengths and innovative abilities. InterCleans expansion into new markets affords the company to acquire more consumers. With more consumers come more markets shares that the company can draw from any competitors in the process. This is why it is vitally important for all managers to unify so this can be a successful venture. Embracing the merger will show others the positives making them want to join in and support the merger with renewed ideas. Productivity will be heightened with the new merger...
Words: 975 - Pages: 4
...Was it something I said? Employees are signing petitions, customer satisfaction is low, stock prices are sliding quickly, and profits are down. Ethical business decisions can have a great impact on employees, customers, investors, and the profitability of a company. This is precisely what one of the most successful global office supply stores is facing since it recently issued a policy memorandum to its managers that resulted in accusations that the company was reducing employee hours as a result of the Affordable Health Care Act (BuzzFeedNews, 2014). Old or New Policy; That is the Question On December 6, 2013, Staples distributed a policy memorandum that restricted the number of hours that part-time employees could work to 25 hours each week. The memorandum indicated that the company was issuing the policy with an effective date of January 4, 2014 and would allow managers to hire additional staff to ensure adequate coverage. While employees feel it is a mechanism for avoiding the mandates of the Affordable Health Care Act, a Staples spokesman stated that the policy is not new and that the policy has been in affect for more than a decade. Moreover, the spokesman indicates, the policy is a reiteration of an old policy in attempt to offer scheduling flexibilities and ensure efficiencies. (BuzzFeedNews, 2014). It may be a matter of semantics, but does a reinstated policy need an effective date if it is currently in effect? In addition, if employees are willing to...
Words: 865 - Pages: 4
