The development of these technologies changed transportation, manufacturing, and even communication. These technologies also contributed to creating huge factories, through standardization, and thus furthering urbanization. The assembly line was a massive factor in industrialization, although it was invented pre-civil war; it allowed the mass production of goods and increased worker efficiency. People were now able to afford things that only the wealthy would have been able to afford in the past. On the other hand, the assembly line did indeed deskill many workers, and further reorganized how the people made a living.
With the Sarbanes-Oxley Act in place investors are now protected through the improvement of reliability and accuracy of corporate disclosures made in accordance with the securities laws money (Bagranoff, Simkin, & Strand-Norman, 2008). The Sarbanes-Oxley Act made considerable modifications to business practice and corporate governance regulations. Section 404 of the Sarbanes-Oxley Act had the most impact on internal control. Section 404 of this act mandates that companies should provide details on their internal control policies and structures and policies. The Sarbanes-Oxley Act has increased the s increased the reliability and dependability of financial statements.
However, if the acquisition is managed properly the transaction can dramatically alter the competitive landscape giving them a competitive advantage over their rivals. Lastly, effective acquisitions can increase growth in ways that would not be able to be completed organically. [1] Slaoui needs to manage the integration by addressing all constituents and aligning corporate cultures. Prior to acquisitions talks GSK made significant changes to their business model that will allow them to deliver long-term growth. The Discovery Performance Units (DPU’s) hase moved the company in the right direction which has reenergized integrative thinking.
CVP analysis allows management to use variable cost to identify future performances within the company. This can also show disadvantages of managers not looking thoroughly through the companies performances. These managers tend to be ones who do not record their records thoroughly. CVP analysis tends to be a beneficial tool to management, but it is limited in the amount of information that can be provided for product operations. This analysis gives a hypothesis of what the question is made of, to give an advantage to management but continues to not be an exact procedure for management.
A culture with strong ethical standards and code of conduct stemming from top management is key to preventing fraud; it is also cost-efficient to implement as a control. d. Audit Committee While not as cost-efficient as the other controls listed, there should be an audit committee appointed by the Board. It would be in charge of all financial oversight within the organization. For smaller organizations, they can attempt to recruit professional accountants to volunteer their time for the organization; in exchange, these accountants would be increasing their own reputation as well. Larger organizations might consider appointing an audit firm to audit their statements.
Since many companies require better information on financial supervision to improve business processes, and requires a system that can handle multiple languages and legal requirements in doing Business in various countries. 3 Q) what have been the results of implementing mySAP at Pierre Lang? Answer: Pierre Lang selected mySAP after evaluating several competing solutions. Today, Pierre Lang uses the country specific versions of mySAP to handle invoicing, tax, language, and fiscal issues. Therefore by implementing the mySAP in Pierre Lang improved the accuracy of information and eliminates the need for manual data transfer tax to develop the report.
Technology Risk Presentation Tammy Radcliffe XACC/210 • Limitations of Technology for E-Business System Technology is crucial in the daily operations of any business. Production of services is related to the technology used and it encourages an increase in productivity. Upgrades in technology gives an organization advantage to the competition. This could be cost effective to the organization compared to hiring new employees and paying high salaries in the long run. Technology has had several downfalls as well.
The communication in the office flows directly from managers to subordinate. Top management set standards for authority, responsibility, and control. The development of this type of structure enables the organization to run more efficiently. Autry (1998) state “Larger organizations are often mechanistic, which means this type of design will improve efficiency and maximize specialization” (par.
The more complicated the technology is the more unexpected events occur. The best way to manage unexpected events is with a flexible structure. It is important for all companies to have an organizational chart to reduce confusion and allow more time and energy to be focused on productive tasks. FedEx has many different departments and locations which may cause confusion for employees. Organizational charts can improve efficiency by making it clear who is responsible for what area of the business.
The impact of changing technology on both employers and employees is considered. Employment patterns and the expertise required of staff are changing. Flexibility in the face of new information technologies will be essential if organisations and individuals are to survive and flourish in the business world. The introduction or enhancement of technologies will always carry some risk and learners will consider the types of risk and how organisations can manage these. Finally, learners will consider how organisational business systems may be improved by the introduction of new technologies and