Review Memo to the Executive Vice-President This message should be short but complete coverage of the subject matter. The information remaining should be worded concisely. The executive vice-president would like to know the differences between the two terms LIFO and FIFO so that the management can decide which inventory valuation method the company should use. Therefore, focusing on how it would affect on the P&L statements is necessary. Start the memo by mentioning to the main point that he is looking for.
Chapter 6 Business Continuity Planning and Disaster Recovery Planning Chapter Objectives After reading this chapter and completing the exercises, you will be able to do the following: ■ ■ ■ ■ ■ ■ ■ ■ Distinguish between the business continuity plan (BCP) and the disaster recovery plan (DRP). Follow the steps in the BCP. Inform business executives why planning is important. Define the scope of the business continuity plan. Identify types of disruptive events.
If we don’t follow the laws, regulations, and conventions then we take responsibility for the action and accept the consequences. The fifth CRT principle speaks of support responsibility to globalization. The business should support improvement of domestic rules and regulations where they unfairly get in the way of global trade (Caux Round Table, 2003). This could be compared to White’s second guideline regarding honesty. Even though we will often be unsuccessful, our objective must be total honesty (White, 1978).
The “Five Forces” are external forces that a corporation needs to consider for its business strategy to compete with other in the real world. The “Five Forces” that shape the competition according to Mr. Porter are: 1) Threat of New Entrants, 2) Bargaining Power of Suppliers, 3) Bargaining Power of Buyers, 4) Threat of Substitute Products or Services, and 5) Rivalry Among Existing Competitors. In 2004, Robert Kaplan and David Norton published “Strategy Maps: Converting Intangible Assets into Tangible Outcomes”. Their strategy map provides a systematic way to analyze if the intangible assets are aligned with the critical internal processes. Intangible assets according to Kaplan et al.
Client Understanding Paper ACC 541 August 27, 2012 Abstract This paper is intended to help a client understand why I, as a new Staff 1, am asking for information regarding the following topics: * Adjusting lower cost of market inventory on valuation * Capitalizing interest on building construction * Recording gain or loss on asset disposal * Adjusting goodwill for impairment An explanation of each topic is provided, along with specific examples of each and the potential effects each can have on financial reporting. Understanding their significance and how they impact those with a vested interest in a company’s financial picture is also described. Client Understanding Paper Client Memorandum August 26, 2012 To: XYZ Corporation Re: Clarification Regarding Analysis of Client Work Papers As a newly hired Staff I, with Alpha Accountants, I have taken over the responsibility of analyzing the work papers for your organization. In response to your recent questions, I would like to clarify the reason I am asking for information on the following topics: * Adjusting lower cost of market inventory on valuation * Capitalizing interest on building construction * Recording gain or loss on asset disposal * Adjusting goodwill for impairment
Week Two Learning Team Reflection During Week 1, we discussed the basic components of business research. We were shown how to recognize dilemmas and address issues related to corporate America, such as declining sales, increase in costs and any other issues that may have adverse impact on business. With that, business research becomes a problem solving tool in the decision making. However, ethics must first be weighed to ensure the social bottom line and productivity remains at its highest. Unethical behavior undermines positive gains.
The Export Administration Regulations (EAR) regulates the exporting of items that must be documented as specified by the EAR and must be cleared through the U.S. Customs. Some exports may also require licensing (Export.gov). If these laws are violated, Riordan could face fines. It is the responsibility of managers to educate their associates and provide training on these laws so no violations will occur. This will also aid in preventing violation of any
Fairness is a way to level the playing field when system based errors effect the actions of a team member and again refers back to the ‘blame-game’ regarding system based errors. With fairness team members are aware that when a system based error occurs and they are involved, the organization will not shift blame to the member, but look at the system and determine where the break in the system occurred. Active leadership and psychological safety actually go hand-in-hand. Active leadership is leaders ‘actively’ developing an environment that staff will comfortable verbalizing their concerns about the system and psychological safety is informing staff that when the concerns are reported they will be received openly in an atmosphere
If a possible change is for the benefit of the company, it should be immediately implemented, taking under consideration the inner resistances, which should be dealt with as well. If a possible change may harm the company, it must not be avoided in absolute terms, but it should be dealt with, taking for granted that a company should have
PUBLIC RELATIONS SOCIETY OF AMERICAS’S (PRSA) Tips and Techniques (2002): Crisis Management…………………………………………………………………………………………………………………………..17 4. CONCLUSION…………………………………………………………………………………………………………...............19 REFERENCES CITED.......................................................................................................................21 INTRODUCTION This research paper will show you how to deal with an organizational crisis as well as how to prevent one. An analysis of several case studies will help you see how influential companies reacted when faced with a crisis. While some took responsibility right away and restored safety and confidence back to the consumer, like Johnson and Johnson did in 1982, others such as Exxon in 1989, didn’t automatically take responsibility and further hurt the population. Crisis management and communication is a critical organizational function.