Management Research Paper Example | Topics and Well Written Essays - 1000 words

Management - Research Paper Example Proper management is crucial to the success of any business or organization. However, if management is poor, it may end up having more disadvantages than advantages for a business or organization. This paper will discuss the need for management, highlighting its pros and cons. The need for management The need for proper management in any organization or business can never be underestimated. Businesses are ongoing activities that cannot operate on their own. Just as a car needs a good driver to steer it to its destination, or a ship needs a sailor to lead it to its destination, so does a business or organization requires a good manager(s) to lead it to success (Griffin, 2010). It is important to note that management can either aid or deter the success of a business or organization. With proper management, a business or organization will have set goals and objectives that it aims to achieve, and it will most likely succeed at achieving them. On the other hand, without proper management , businesses and organizations are likely to fail since improper management is worse than no management at all (Kochan & Schmalensee, 2003). Therefore, management has its pros and cons in any business or organization. Pros of management Proper management usually has very many advantages for businesses and organizations. Management helps organizations and businesses to achieve group goals. Through management, the factors of production can be arranged together, and resources can be organized and assembled (Kochan & Schmalensee, 2003). Management can then integrate the factors of production and the available resources in an effective manner that will assist in the achievement of goals. Management can direct all group efforts and resources towards goal attainment. Management is also responsible for defining organizational objectives, thus minimizing the waste of effort, money and time (Plunkett, Attner, & Allen, 2007). Management also ensures that there is optimum and proper utilization of organization resources. This is by making productive use of all human and physical resources that are available. This promotes efficacy within an organization or business. Management selects the best possible use of scarce resources, thereby ensuring optimum utilization. The need for management is also important because an organization’s management makes use of the services, knowledge and skills of professionals and experts in achieving organizational goals (Kochan & Schmalensee, 2003). Therefore, if management ensures that both physical and human resources are producing their maximum results, then management is totally necessary in any organization or business. Management is necessary in a business or organization because it is responsible for reducing costs. Management should ensure that maximum results are achieved through minimum input. This can only be possible if management carries out its core functions. The core management functions include planning, staffing, coo rdinating, organizing, leading, directing and controlling (Daft & Marcic, 2010). When planning, management is responsible for setting objectives and deciding the best possible courses of actions that can be taken to achieve the predetermined objectives. In the staffing function, management is

Lacoste Essay Example | Topics and Well Written Essays - 750 words

Lacoste - Essay Example The background is filled with clouds, portraying the harmony between the products and the brands claim of comfortable clothes and shoes. The advertisement is well designed in terms of not showing any gender biases, it clearly shows men and women both wearing the brand and enjoying the experience. Hence, it is directed towards both male and female populations alike. The ad does not have any hidden messages about not getting old or not looking cool if you do not wear the brand etc. The only message that it tries to convey is the lifestyle and the comfort one gets from wearing Lacoste. It tries to convince people that wearing the brand will make them feel fresh, confident and energetic. The ad strategy shows a slice of life lifestyle with young energetic people having fun and enjoying life as if they have been rejuvenated by fresh air. The brand has established itself as one of the high end brands in the apparel industry and its iconic green crocodile is a sign of quality, comfort and a fun loving lifestyle. The ad when compared to other brands such as Dsquared2, does well in terms of showing gender biases. Dsquared2 shows a man sitting on the floor and wearing a suit. Thus, Lacoste ensures that it targets both its markets equally while Dsquared2 focuses on men. As a result there are no two variances of the same advertisement. Furthermore, Dsquared2 ad shows a calm and serious lifestyle with a formal setting while Lacoste shows trendy, outgoing and fun loving people. The ad however has obvious hints of racism, as all five models shown are of white decent. When compared to other brands like United Colors of Benetton, who specifically show people of all races and types wearing the brand in the ad, Lacoste performs poorly. Another criticism that brand has faced is it that even if it enters foreign markets like India etc where there are colored people it

Accounting for Business Combination and Ethics Assessment Essay Example for Free

Accounting for Business Combination and Ethics Assessment Essay Early 2011, Yung Limited acquired 75% interest in Chum Limited. This is the first time of Yung Limited preparing the consolidated statement. A few issues regarding to the first consolidated financial statement have been raised up. This report is used to solve the raised issues and explain general principle of consolidation accounting. Before the acquisition, Yung and Chum was a competitor to each other. Their financial statement only reflects their own financial position. Thus, the balance and transaction would state in the financial statement. The reason is that they are viewed as two entities from different aspect. However, after the acquisition, Yung and Chum became a single combined entity as Yung held 75% interest in Chum. It means Yung can direct business decision of Chum according to its preference. This view would be reflected in the consolidated financial statements. Since the consolidated financial statements view Yung and Chum as a single combined entity, the balance due to each other would be eliminated as a result. As Yung and Chum are the single entity, the amount due to Yung is set off by the amount due from Chum. One entity cannot lead money to itself in order to create a liability or asset. See more:Â  Capital budgeting essay As Yung and Chum are a single entity, transactions with each other are just a transfer of assets or liabilities, or a relocation of assets, this would not recognise as a transaction in the consolidated financial statements. Generally, profit margin is added to those transactions. These profit margins would raise book value of assets in the transactions. The common example is inventory and non-current assets. Those profit margins can only be realised in the sales or disposal to external parties. Thus, the consolidated financial statements would eliminate those unrealised profit also. According to the above statement, Yung gets the power of control in the Chum. It means every transaction can be related to Yung and its decision. The relationship between Yung and Chum would be a parent-subsidiary, and not just similar to other associate as investor-investee. Therefore, it is required to show consolidated financial statement of Yung and Chum. The distinction between consolidation and equity basis of accounting is power of control. Generally, if an entity holds more than 50% interest of another entity, the entity is required to consolidate the controlled entity. However, if an entity holds about 20% to 50% interest of another entity, the entity is required to practising the equity basis of accounting. Comparing with the two methods, consolidation basis of accounting would reflect a smaller net income if there are a large amount of inter-company transactions. Equity basis of accounting only show the share of profit in associate as an extra item in the income statement of investor (parent in consolidation). Thus, it would be a greater net income unless there is a net loss in the associate. In conclusion, different methods change the net income. The financial statements for equity basis of accounting are only included the investment in associates as non-current assets, and recorded as cost plus fair value adjustments in the net shares of equity. The consolidated financial statements are the combination of the parent and subsidiaries, and goodwill, excluding inter-company balance and cost of control. Thus, Yung’s financial statements would be greater value in statement of financial position if all investments were consolidated, but smaller value in income statement as there are large amount inter-company transactions between Yung and Chum. Equity basis of accounting could provide a greater asset value to Yung, but a smaller net income to Yung also. Dear Mr. Li, Memo regarding the revenue cut-off problem of Yung Limited According to the recent conference with John Au, President of Yung Limited, he reported that the sales of Yung Limited in 2010 incorrectly included sales in 2011. However, we did not discover this material error by our audit work. This material error overstated the profit of Yung in 2010 by 10%, but understated the profit of Yung in 2011 by the same rate. John Au also mentioned that he prefers to ignore this error because he can get benefit from this error as the understated profit. Ignoring revenue cut-off problem leads to conflicts in ethical and professional. This conflicts with fundamental ethical principles, such as integrity, objectivity and professional behavior. In the integrity aspect, we should not disclose any untrue financial statements. In the objectivity aspect, our professional judgments should not be influenced by reputation of our audit firm and any potential legal sue. In the professional behavior, we should comply with relevant laws and regulations relating to this revenue cut-off problem. The following are some of my recommendation on this revenue cut-off problem. The first recommendation would be reporting to the board of directors directly. This material error should be report the board of directors of Yung Limited. This report could give directors’ chance to decide the treatment of this material error. They could estimate effect of this material error. The second recommendation would be following John Au’s suggestion, ignoring this material error. This could be a way to accommodate our client. The third recommendation would be requiring John Au to correct this material error. This could reflect the true financial position of Yung Limited. The fourth recommendation would be convening an extra-ordinary general meeting with all shareholders of Yung Limited. This EGM could give shareholders opportunity to aware this material error, and understand the potential. Finally, I would recommend asking John Au to correct this material error. Although this correction would make him loss of a bonus, this is a fair treatment to all stakeholders at all. Also, this solution could reflect the professional position of our company.

Paid News In The Indian Media

Paid News In The Indian Media The emergence of Media Corporation, through growing cross media ownership is having their impact on medias public service commitments. In recent times, the Indian media and its journalistic practices have been criticised for breaking the trust of the public. Indian media have successfully succeeded in growing their economy through cross-ownership and advertorials. Under the influence of profit making, commercial interests which are controlling the news content, as editorial contents are being sold like other commodities. This commercialization of the media content is evident in phenomena like paid news. News is meant to be objective, fair and unbiased. This is the only difference between news and opinions. But, recently, the lines between news and advertisements are blurring because paid advertisements are deceived as news which favours a particular organization or a person by selling editorial spaces. The media organizations misguide the readers by providing no true information to them. By doing this, the media questions its own credibility and is fast losing the trust of the society. The readers/viewers cannot distinguish the difference between a news report and advertorials. This paper argues that the media is no longer the fourth estate of journalism and has become like any other marketable product with reference to paid news. The face of journalism in India has changed. The press is mostly owned and controlled by the capitalist class (i.e. the rich and powerful in society; opinion leaders; gatekeepers), who can use the press to report facts which are convenient to them. Over years, the ownership pattern, organizational structure and the content of the newspapers have changed. They are on sale for paid news and private treaties. In addition, this paper also tires to observe the impacts and analyse the responses of the media, civil society and the state on paid news. Paid News and the Private Treaties Phenomenon 1Paid news is run to pass off an advertisement, apiece of propaganda and advertisementpass that as news, pretend that it is news that is paid news P. Sainath. It is a deal signed by the media organizations with an individual especially corporate houses and the candidate standing for elections, assuring them a fixed amount of coverage through advertisements and news reports in favour of them. In addition, additional fee can be charged to run negative campaign against their rivals. The paid news operation is done secretly and no disclosure is made before such news printed or broadcasted. Journalists willing or otherwise practice this phenomenon on a large scale. Journalists who do not wish to practice this phenomenon are either sacked from their organizations or the individuals are denied coverage and also suffer media blackouts. 2The advertisers, who are ever anxious to catch consumers off guard, believe that simply there cannot be a better way of breaking into consumer mind space than disguising the brand messages as news, which is more credible and convincing than raw advertising, says Santosh Desai, managing director and CEO, Future Brands. Such content is priced more than the regular advertising rates. Private Treaties Private treaties are signed with corporate organizations because media owners want to grow their organizations. In 2002, Bennett, Coleman and Co. Ltd (BCCL) launched this phenomenon of private treaties by singing deals with potential advertisers who could not afford mainstream advertising in return for equity shares in their companies. Many corporate leaders say that when the news space is available for sale, there are many buyers for it, especially when it meets their needs. Example: In The Times of India, Delhi Edition, Olay brand articles were a part of paid marketing campaign by Proctor and Gamble, India. The Securities and Exchange Board of India (SEBI) reported that media organizations are entering into agreements called private treaties with corporate organizations whose equity shares are listed on the stock exchanges that come out with public offer of their shares. The media organizations are picking up stakes in such companies and in return are providing favourable coverage through advertisements, news reports and editorials. Repercussions of Selling Editorial Space Most media organizations are interested in making profits for which they sacrifice the ethical norms of journalistic practice in favour of paid news. The first paid news phenomenon was broken down by P. Sainath. Paid news is common in Lok Sabha and state assemblies elections especially in states like Maharashtra and Haryana.  [3]  As per media reports, the size of the paid news market in Andhra Pradesh in the elections in 2009 alone, was said to be over Rs 1,000 crore. In Maharashtra, it is said to be in multi thousand crores. A lot of evidence is available of the malpractice. Example: Ashok Chavan used the print media effectively during the Maharashtra state elections in 2009. Identical articles with photographs and headlines having appeared in competing publications carrying by-lines of different authors around the same time praising candidates claiming that both are likely to win the election hints at some unholy dealings. Nowhere, is there any indication that the publication of such news reports has entailed financial transaction or has been sponsored by certain individuals or political parties. Press Council of Indias draft report of enquiry titled Paid News: How corruption in the Indian Media Undermines Indian Democracy points out that the deception that paid news involves takes place at three distinct levels (Sainath, 2010a): 4The reader or the viewer is deceived into believing that what is essentially an advertisement is in fact, independently produced news content. Moreover, candidates contesting elections do not disclose the true expenditure incurred on campaigning thereby violating the Conduct of Election Rules, 1961, which have been framed by, and are meant to be enforced by, the Election Commission of India under the Representation of the People Act, 1951. The newspapers and television channels concerned usually receive funds for paid news in cash and do not disclose such earnings in their company balance sheets or official statements of accounts. Thus, by not accounting for the money received from candidates, the concerned media company or its representatives are violating the provisions of the Companies Act, 1956 as well as the Income Tax Act, 1961, among other laws. Edelman, an independent public relations firm, in its 2010 Trust Barometer Survey states that the Indian news media have been losing their credibility and trust among the people.  [5]  Over the past two years, trust on television news dropped sharply from 61 per cent to just 36 per cent, that of business magazines has gone down from 72 per cent to 47 per cent, and that of newspapers has gone down from 61 per cent to 40 per cent. Trust in the media in India as a whole declined by 7 per cent (from 65 per cent in 2009 to 58 per cent in 2010). This decline in trust speaks volumes about the future role of the media in India and the threats to its hard earned freedom. According to the 2nd Press Commission report, the role of press should be constructive critic. It must oppose an official policy when needed; support it when it can at most of the times, bring out instructive opinions on important issues covering all aspects/ angles to provide knowledge to people. Journalists are accepted as moral guides in the Indian society. They are accepted because of the foundation on which the concept of media freedom was built. India guaranteed freedom of speech and expression to its citizens. It is a fundamental right under Article 19(1) (A) of the Indian Constitution, which allows everyone to express their views as well as allows the right to print matters which are borrowed from someone or printed under the direction of that person. Paid News Syndrome and Need for Greater Accountability The paid news syndrome has become a debateable topic for various platforms. When the credibility of the media is lost, its freedom gets restricted. Hamid Ansari, the Vice President of India said that the explosive growth in the media had highlighted the fact that the Fourth Estate is only one among the pillars of democracy that has an identifiable commercial and profit facade. Disapproving paid news in any form, Sitaram Yechury says that paid news is not merely a serious matter influencing the functioning of a free press, but it is an issue that also concerns the future of parliamentary democracy in India. Providing access to unbiased, unfiltered and objective news or information is the role that media are supposed to play in a parliamentary democracy. This comes under very severe strain with the emergence of the paid news syndrome. Strongly arguing against paid news, Arun Jaitley claims that those who are in a position to pay more for information expressed as paid news shape the human minds in this country accordingly. This cannot be free speech. At best, it could be trade, it could be business, and, therefore, the government has to take this out of the arena of free speech and put it in the arena of business or trade, all in public interest. Favouring deterrent penalty against those who indulge in such practices he suggests that in the case of (a) candidate, it has to be an offence under election law (The phrase) corrupt practice must be amended in the Representation of the People Act and this should be a ground for setting aside the election and disqualifying the candidate, and if parties indulge in thisà ¢Ã¢â€š ¬Ã‚ ¦there must be action against this.

Scepticism Inc :: essays research papers

Edgar Malroy would be considered a hero to readers of Scepticism Inc. Edgar literally took money from the rich churches and gave to the poor. This Robin Hood image brings Edgar to the spotlight as a champion of sorts and the reader ends up rooting for him throughout the story. The means by which Edgar took the money was, on the surface, legitimate. However, the bet could never be won and the emotions of the betters influenced their decision-making abilities. Can a person taking a wager, in good conscience, accept this bet when no definitive outcome can be reached? Is it allowable for Edgar to take this money, knowing that it could never be won back, and then use it for good purposes? The churches that are placing the bets appear to be the foolish victims. The reader does not necessarily feel sorry for them though. Through our own experiences, the churches take tithing from its congregation supposedly to support the routine maintenance of the building, pay the salaries of the office staff, and support the meager lifestyle of the priest, reverend, father or head-guy-in-charge. Most Congregationalist do not ask where the excess goes, they do not have to ask, announcements are made weekly about the church’s good deeds and how they were able to feed and clothe the needy. Yet, these religious bodies are some of the wealthiest institutions in the world. Third world countries are thought to have the highest percentages of believers, and in the story they are. These people are also among the world’s poorest and uneducated. These masses of struggling people weekly buy the lotto ticket that the church is selling. This lotto, salvation and heaven, can not ever be won, nor can the jackpot be proven to exist. Nor can the church prove that they are authorized lotto ticket distributors. They rely on the emotions and acceptance of their followers, and routinely ask them to give money to support their cause. They are taxing the poor and becoming more wealthy and powerful because of it. They even ask their Congregationalists to give them more money in order to place higher bets. Both Edgar and the religions of the world would fall under the same criticism from Clifford. Although the churches are giving their money to Edgar in proof of their unverifiable beliefs, and the churches sell redemption to their parishioners by convincing them that it is advantageous to give their money to the church.

The Swirls Of Emotions :: essays research papers

Emotions can be classified, according to your personal experience, into three different categories: happiness, sadness, and anger. First of all, there is happiness. Happiness has no limits, for it can be felt at any time, any place and to any person. It cannot be hunted for; it is not obvious, but inscrutable. Happiness is realized by understanding one's self, which is completely a personal experience. For instance, a person may find happiness in one thing, whereas someone else may in another. Happiness is what we let it be, and even though carry the abilty to let ourselves be happy, we rarely do. The second catagory that emotions can be fall into is sadness. Why is the quest for happiness left us more vulnerable and sad? Are we a society of people who are all looking for happiness and disappinted with what we find? In most cases, sadness leaves us in a state of depression and unstableness. When you become sad you feel as though you hate life at the present time and in most instance s you cry, become depressed and feel like your sadness will be everlasting. If we were always happy and never expressed our sadness, it would eventually build up and one day we would just explode, and mabye go into a form of deep depression. The last but not least of the catagories of emotion is anger. Quick to rise, and even quicker to lash out, the simple emotion of anger has the power to destroy and create. Anger is not always a bad emotion. Without anger lives would be lost, tyranny would go unopposed, and inhumanities would be quietly accepted. Anger, the most powerful and feared emotion of the soul's repertoire, destroys and created in the same breath. Moving from one person to the next anger is an every present force in

Peters and Waterman’s Eight Attributes of Excellence Essay

Some things can be learned about leadership by studying organizations directly. Tom Peters and Robert Waterman drew on their experience at Mckinsey and Company, a well-known consulting firm, and on further study of a number of businesses they identified as exceptional. Their message is that traditional methods of managing and leading need to be replaced with new methods and new modes of thought. They provide a provocative perspective on the history and practice of management and leadership and identify eight attributes associates with excellence and innovation: a bias for action, staying close to the customer, autonomy and entrepreneurship, productivity through people, hands-on value driven, stick to the knitting, simple form-lean staff, and simultaneous loose-tight properties. The Peters and waterman study used a fairly large sample of sixty-two financially successful firms across six industries that were considered to be excellent but did not attempt any comparison with unsuccessful firms. The Pride in Excellence team slowly transformed the three Peters and Waterman attributes into Toro values. They worked to translate the values into specific behaviors. They were pioneers, and they found few ready-made answers to their questions. Personal and company values systems became jumbled. More than once, team members wondered how they could talk about this stuff at work and still be taken seriously. From the start, they concentrated on ways to get the values down to the level of individual jobs. This was relatively easy when talking about values such as Service or Quality. However, Toro wanted to adopt Peters and Waterman’s productivity through people attribute as well. That led to values such as Respect and Trust. Their final statement even uses the word â€Å"compassion. †