...Alfretta Earnest MGMT447-02: Technology Management 31 October 2012 Abstract In this presentation, the processes of risk assessment, risk identification, and risk control strategies will be explained. Examples of some of the risk control strategies that are available for companies are cited along with possible ways to utilize these tools to create a company risk policy. Also included are explanations of control types, how they are used and implemented, and the risk they are intended to minimize. Unit 5 Individual Project: Risk Control Strategies Risk Management is a discipline employed by organizations for the express purpose of minimizing threats to the company’s security assets. Risk management also works to support managers and increase their confidence when making decisions. Security risk plans are used to help management develop coherent and comprehensive strategies for managing risk prevention. An important part of a security risk plan is evaluating the level and type of countermeasures needed to guard against security threats capable of causing security breaches (Stoneburner, Goguen, & Feringa, 2002). The security management process can be described in four steps: I. Identify security risks. II. Develop strategic countermeasure plans. III. Implement strategies. IV. Monitor, evaluate, and maintain appropriate security measures. Areas of Risk Management A threat is defined as a situation where a threat-source has the potential...
Words: 1751 - Pages: 8
...Comparing Cost Control Strategies Kristy Barbeau HCR/230 Wednesday January 22, 2014 Beth Schalm Comparing Cost Control Strategies Employer sponsored insurance falls under what is called group health plans. When an employee has this coverage the group are the ones that are the policyholders. The health care plans are negotiated through the human resources department and they select what plans to offer the employee. Most plans are the basic plans and that is where the riders come in. what riders mean is it gives the employee the option to choose what health care plan they want to choose. These options may include vision and dental add-ons. Another rider could be services such as massages, nutrition counseling, and possible vitamin supplements. Some insurance plans would not cover these things. It just depends on the plan that is chosen. An employer may also choose the Federal Employee Health Benefits Program (FEHB), which happens to be the largest health care program that the employers use. However, the government controls this plan. This is the plan they use for the government workers, people who retired from the government, and their families. Another plan that employers use is the Self-Funded Health Plans. This is for many large companies to ensure the cost of the employees’ medical benefits come from them rather than buying them from different insurance companies. This plan is basically a self-insured plan but the employer sets the level of benefits the employee gets...
Words: 988 - Pages: 4
...Some states use as strategy is to transfer inmates out of states, which send gang leaders or members out of state in the hope of stopping or slowing a prison gang’s activities. If a gang already has been established, it is hoped that such a transfer would disrupt a gang to the point of its demise; however, there are no data showing the effectiveness of this type of control strategy. In fact, transferring a higher and security prison gang member could be the impetus to transfer his prison gang to yet another correctional (United States Department of Justice, 1992). One of the cause that I believe is very important when it comes to gang’s members is that they don’t feel safe in prison, and that can lead to create more violence at the prison....
Words: 274 - Pages: 2
...The Internal control management strategies Prepared for: LJB Company Prepared by: Chibuzor E. Edeh Devry University ACCT 540: Financial Accounting TABLE OF CONTENT Introduction ----------------------------------------------------------------------------------------------------------3 Internal control regulations for public companies -----------------------------------------------------------3-4 LJB’S good internal control measures -------------------------------------------------------------------------4 Recommendations for Indelible ink --------------------------------------------------------------------------4 LJB’S poor internal control measures ------------------------------------------------------------------------5-6 Recommendations for improvement --------------------------------------------------------------------------5-6 Summary --------------------------------------------------------------------------------------------------------7 References ------------------------------------------------------------------------------------------------------- 7 INTRODUCTION Internal control consists of all the related methods and measures adopted within an organization to safeguard its assets, enhance the reliability of its accounting records, increase efficiency of operations, and ensure compliance with laws and regulations. Internal control is very important because it discourages employees from fraudulent activities...
Words: 1752 - Pages: 8
...FTP – TCP PORT 21 – control command SSH – TCP PORT 22 – secure shell used for secure log-in, file transfer and port forwarding TELNET –TCP PORT 23 – telnet unencrypted text communications SMTP – TCP PORT 25 – simple mail transfer protocol, email routing DNS – TCP/UDP PORT 53 – domain name system TFTP – UDP PORT 69 – trivial file transfer HTTP – TCP PORT 80 and TCP HTTPS PORT 443 – hypertext transfer protocol and secure hypertext POP3 – TCP PORT 110 – post office protocol SNMP – UDP PORT 161 – simple network management protocol HTTPS – TCP PORT 443 – hypertext transfer protocol/ over SSL/TLS POP3 servers hold incoming email messages and SMTP server handle sending of your email TCP is connection-oriented protocol and UDP is connectionless protocol Orig. IEEE Standard Shortname Informal Name Speed Type Cabling 802.3 10BASE5 Ethernet 10Mbps Thick Coaxial 802.3u 100BASE-TX Fast Ethernet 100Mbps UTP 802.3z 1000BASE-X Gigabit Ethernet 1000Mbps Fiber 802.3ae 10GBASE-X 10GbE 10Gbps Fiber 802.3af Power over Ethernet enhancements 12.95w 802.3at Power over Ethernet enhancements 25W • Carrier Sense Multiple Access with Collision Detection- it’s the LAN access method for Ethernet • CAT5 – 2 variety cabling UTP or SCTP flexible with speed 10 or 100Mbps up to 100Mhz ...
Words: 975 - Pages: 4
...18 marker There are a number of psychological methods that can be used to gain control in a situation that needs order, such as a prison or in this case, an uncooperative group of elderly people. These include techniques such as token economy programmes and anger management programmes; also ECT can be considered. Token economy programmes are a form of behaviour modification based on the principles of operant conditioning. It was originally created as a behaviour modification method; however it is now just usually used to maintain good behaviour in prison settings. It can be applied to the nursing home situation as it will encourage cooperative behaviour because they will be gaining tokens for good behaviour, which will eventually result in a reward. For example if the elderly people cooperate with the rules and do not be disruptive for a day, they will receive a token. If they receive 5 tokens they will be rewarded with something such as being able to stay up later to watch their chosen programme on a chosen day. The residents will also receive more privileges and treats than they normally would have, if they cooperate with the guidelines of the programme. The nurses might try and reward cooperative behaviour and completely ignore undesired behaviour, as it may be the attention which the residents are looking for. Token economy programmes may be preferred over punishment because the nurses may be inclined to remove privileges and even basic needs or desires. This has been...
Words: 1219 - Pages: 5
... | |e. |(a) and (b) only. | ANS: D PTS: 1 NAT: AACSB Reflective Thinking | CB&E Model Strategy | R&D Managing strategy & innovation 2. The level of marketing control that examines whether the strategy is being implemented as planned and whether it produces the intended results is termed: |a. |strategic control. | |b. |annual plan control. | |c. |strategic component control. | |d. |profitability control. | |e. |incremental control. | ANS: A PTS: 1 NAT: AACSB Reflective Thinking | CB&E Model Strategy | R&D Managing strategy & innovation 3. The level of marketing control that examines how well resources have been...
Words: 3636 - Pages: 15
...Management Control System CHAPTER 1 : THE NATURE OF MANAGEMENT CONTROL SYSTEMS By: Amirul Affan (115020305121001) Maria Dias Ika S (115020307121009) FACULTY OF ECONOMICS AND BUSINESS BRAWIJAYA UNIVERSITY 2014 A. Basic Concepts Management control system (MCS) is a system which gathers and uses information to evaluate the performance of different organizational resources like human, physical, financial and also the organization as a whole considering the organizational strategies. MCS influences the behavior of organizational resources to implement organizational strategies. MCS might be formal or informal. Control An organization must be controlled to ensure that is strategic intentions are achieved. But controlling an organization is much more complicated than controlling devices. Every control system has at least four elements: 1. Detector or sensor Device that measures what is actually happening in the process being controlled. 2. Assessor Device that determines the significance of what is actually happening by comparing it with some standard or expectation of what should happen. 3. Effector Device that alters behavior if the assessor indicates the need to do so 4. Communications network Device that transmit information between the detector and the assessor and between the assessor and the effector. Management An organization consists of a group of people who work together to achieve certain common goals (in business...
Words: 1243 - Pages: 5
...Implementing Strategy in Companies That Compete Across Industries and Countries 13 - 1 Managing Corporate Strategy Through the Multidivisional Structure • Functional or product structures are not sufficient when a company enters new industries • Multidivisional structure innovations – Divisions (operating responsibility) – Corporate headquarters staff to monitor divisions (strategic responsibility) – Each division may be organized 13 - 2 Multidivisional Structure 13 - 3 Advantages of a Multidivisional Structure • • • • Enhanced corporate financial control Enhanced strategic control Growth Stronger pursuit of internal efficiency 13 - 4 Problems in Implementing a Multidivisional Structure • Establishing the divisional-corporate authority relationship • Distortion of information • Competition for resources • Transfer pricing • Short-term R&D focus • Duplication of functional resources 13 - 5 Structure, Control, Culture, and Corporate-Level Strategy • Unrelated diversification – Easiest and cheapest strategy to manage – Allows corporate managers to evaluate divisional performance easily and accurately – Divisions have considerable autonomy – No integration among divisions is necessary 13 - 6 Structure, Control, Culture, and Corporate-Level Strategy (cont’d) • Vertical integration – More expensive than unrelated diversification – Multidivisional structure provides necessary controls to achieve benefits from the control of resource transfers...
Words: 783 - Pages: 4
...Case study research offers the potential for a deeper examination of the processes involved in the relationship between MCS and strategy formulation and implementation. The aim of case research is not necessarily to identify the best fit between MCS, strategy and other variables, but to study the interactions between MCS and strategy. This may be contrasted with the empirical research reviewed in the preceding section that was cross-sectional in design and therefore presented a static view of MCS and strategy; the dynamic nature of the relationships cannot be inferred. Also, case studies can allow a wide range of controls to be studied, including those that are difficult to measure with surveys. In this section, the cases reviewed address a series of Interrelated issues: managers’ perceptions as mediating the link between MCS and strategy, the role of MCS in effecting or impeding strategic change, and choice of interactive and diagnostic controls to manage strategy. Managers’ perceptions as mediating MCS and strategy. Archer and Otley (1991) presented a rich description of the control system used in an agricultural manufacturing company. The managers of Rumenco saw their company as having limited opportunities to determine and pursue strategic goals, due to the declining industry and capital resource limitations. Managers characterized their competitive advantage as cost leadership (production) and 222 K. LANGFIELD-SMITH product differentiation...
Words: 838 - Pages: 4
...The Organization of International Business Organizational structure at Procter and Gamble Procter and gamble unique organizational structure offers the global scale benefits of an international company and the local focus to be relevant for customers in roughly 180 countries where their brands are solid. The company corporate structure provides the framework that allows them to tap the benefits of a global operation keep them in touch with local communities, and their strong governance practices ensure that they carry out operations with consistently high standard and integrity. Procter and gamble have made their organization structure an important part of their capability to grow. It combines global scale benefits with a local focus to win with consumers and retail customers in each country where P & G products are sold. Procter and gamble recently grouped its global business units into four industry-based sectors as part of the company’s on-going plan to improve business performance. The businesses in each sector are focused on common consumer’s benefits, share common technologies and face common competitors. Procter and gamble structure has removed many of the traditional overlaps and inefficiencies that exist in many large companies. Four organizational structure Procter and gamble uses: Market development organizations: are charged with knowing consumers and retailers in each market where Procter and gamble competes and integrating the...
Words: 2061 - Pages: 9
...study 8 CHAPTER 02 9 Overview of management control systems 9 2.1Management Control Systems (MCS) 10 2.2Elements of Management Control 11 2.3Boundaries of Management Control 11 2.4 Benefits of management control systems 12 2.5 Limitations of Management control systems 12 CHAPTER 03 13 Management control systems and strategy: 13 A critical analysis 13 3.1 Relationship between Management control systems and strategy 14 3.2 Levels of strategy from organization point of view 14 3.2.1Corporate-Level Strategy 14 3.2.2 Business Unit Strategies 15 3.2.2.1 Business Unit Mission 15 3.2.2.2 Business Unit Competitive Advantage 15 3.4 Responsibility Centers 16 3.4.1 Nature of Responsibility Centers. 16 3.5 types of Responsibility Centers 17 3.5.1 Revenue Centers 17 3.5.2 Expenses Centers 17 3.5.3 Profit Centers 18 3.5.4 Investment center 21 3.6 Concept of Transfer Pricing in relation to Responsibility center 22 CHAPTER 04 23 Budgeting and performance measurement 23 4.1Budgeting as a Control Mechanism 24 4.2Business performance management 25 4.3Balanced Scorecard 26 CHAPTER 05 29 FINDINGS AND CONCLUSION 29 5.1 Findings 30 5.2 Conclusion 30 5.3Bibliography 31 CHAPTER 01 About the report 1.1Introduction To introduce this topic and understanding the importance of management control system we know that in the present globalised world, organizations need to use management control systems that go beyond the strategies that focus on acquisition of technology and...
Words: 6561 - Pages: 27
...CHAPTER 12 Implementing Strategy in Companies That Compete in a Single Industry Synopsis of Chapter Chapter 12 examines how managers can best implement their strategies in single-industry firms in order to achieve a competitive advantage and superior performance. First, the main elements of strategy implementation—structure, control systems, and culture—are analyzed in detail, focusing on the way they work together to create an organizing framework. Then the chapter turns to the topic of using structure, control, and culture at the functional level to build distinctive competencies. After that, the chapter addresses the challenges of implementing the generic business strategies of cost leadership or differentiation in a single industry. The final section covers restructuring and reengineering, two strategies that single-business firms can use to improve corporate performance. The next chapter takes up where this one leaves off and examines strategy implementation across industries and across countries—that is, implementing corporate and global strategy in firms that compete in more than one industry. Teaching Objectives 1. Introduce the main elements of strategy implementation—structure, control systems, and culture—and their relationships to each other. 2. Demonstrate how structure, control, and culture can build distinctive competencies at the functional level. 3. Describe the use of structure, control, and culture in implementing a single-business...
Words: 5509 - Pages: 23
...Chapter Twelve CORPORATE SINGLE INDUSTRY STRATEGY - This chapter is related to organizational control, structure and culture. Learning Objectives * Understand how organizational design requires the right combination of structure, control, and culture. * Discuss how effective organizational design enables company to increase product differentiation, reduce costs, & build competitive advantage. * Explain importance of flat hierarchy & factors determining centralization/decentralization * Explain advantages of functional structure & why/when necessary to move to more complex structure. * Differentiate between complex forms of structure used for specific business-level strategies. - What comes first strategy or structure? During the 60s and 70s the strategy should follow your structure. The debate continues. Look at it based on the industry characteristics and the type of organization you are in. In the 90s researches argued that your structure should follow your strategy. As the strategy is more comprehensive than the structure, then structure should follow the strategy. The business environment is independent and the company is the dependent. Then we should follow the business environment. When we do the strategy, we examine the macro business environment the micro business environment the competitors analysis and understand...
Words: 4577 - Pages: 19
...Implementing Strategy in Companies That Compete in a Single Industry SYNOPSIS OF CHAPTER Chapter 12 examines how managers can best implement their strategies in single-industry firms in order to achieve a competitive advantage and superior performance. First, the main elements of strategy implementation—structure, control systems, and culture—are analyzed in detail, focusing on the way they work together to create an organizing framework. Then the chapter turns to the topic of using structure, control, and culture at the functional level to build distinctive competencies. After that, the chapter addresses the challenges of implementing the generic business strategies of cost leadership or differentiation in a single industry. The final section covers restructuring and reengineering, two strategies that single-business firms can use to improve corporate performance. The next chapter takes up where this one leaves off and examines strategy implementation across industries and across countries—that is, implementing corporate and global strategy in firms that compete in more than one industry. TEACHING OBJECTIVES 1. Introduce the main elements of strategy implementation—structure, control systems, and culture—and their relationships to each other. 2. Demonstrate how structure, control, and culture can build distinctive competencies at the functional level. 3. Describe the use of structure, control, and culture in implementing a single-business firm’s generic business strategy. 4...
Words: 7232 - Pages: 29
