More importantly, the bus driver could have foreseen that if he hit someone with the bus, he could seriously maim that person. The school bus driver also breached the required standard of care, which is defined by the level of care that a person must take in the circumstances. In this circumstance, the driver knew that children had just got off the bus and he must take
It also affects the level of investment a business should make internally as well as with suppliers. But the decision to make or buy should be well analyzed by company at the procurement planning stage. This paper further analyzed the different factors put into considerations when decision to “make” or “buy” are made. Topic – Make or Buy AnalysisAs said earlier make or buy analysis is a general management technique used to determine whether particular work can best be accomplished by the project team or must be purchased from outside sources (Project Management Institute, 2008). Apart from the many risk associated with outsourcing, the project organization may be face with certain type of constrain which may warrant their decision on whether to make or buy.
We understood that businesses should continuously observe their goods and services to better assist customers. They have to understand what worked and generated earnings last year may not work as well this year. So therefore, product differentiation and positioning are key elements of a company's marketing plan and are fundamental of staying ahead of the game with competitors. Also knowing with including innovative concepts with careful analysis, product differentiation helps to join quality, or price, within a product to push the intended customers to observe it as different and desirable. Then the understanding in the next step is product
Contract and Business Law * Definitions of a contract Contracts are a very important part of business life. They establish agreements between you and your employees, landlords or tenants, suppliers, customers and other businesses. They are usually drawn up by solicitors. A contract is an agreement that commits you or your business to a course of action. Therefore, it is important that you ask your solicitor or adviser to explain any language or terminology that you may not understand.
Assignment#1 Consensual Relationship Agreements Case Study Leadership and Organizational Behavior-BUS 520 Professor: John Karaffa [ January 18, 2012 ] It is necessary for companies to implement or use written agreements such as CRA’s (Consensual Relationship Agreements), to protect themselves from potential harassment lawsuits that may ensue from employees who make the conscience decision to engage in coitus relationships with co-workers or their manager/supervisor. These types of relationships can interfere with the working environment in a company if both parties cannot separate work encounters from personal activities that happen off work premises. Individuals may carry disagreements, break ups, or even physical altercations to the work place which may impose security risks and lower morale within the organization. According to Tyler, who quoted Lynn D. Lieber, an employment law attorney, “Workplace romances can lead to accusations of poor judgment, breaches of ethics, favoritism, lost productivity, poor employee morale, sexual harassment claims and even workplace violence. It's no wonder, then, that HR professionals worry about the possible consequences of employees dating one another.
Unit 3: Warehouse Management and Support Processes 3.1 Introduction Warehouse and Support process are drafted to label the management and planning the data warehouse projects that are analytical to the successful execution and successive extension to the data warehouse. The system is defined to facilitate the project manager and warehouse instructor during the development projects. The software helps in building the companies goal to reduce the chances of transactional errors, minimize the material handling and optimizing the warehousing projects. There are many organizations that are into the selling of WMS (Warehouse Management System) which has pros as well as cons. There are some products which may fit to it better with the capital expenditure
Knowing the legal requirements for binding contracts for a business organization is essential. The majority of business law in the daily operations of a business is contract law. A business organizations success is based on their reputation to fulfill their promises. Business transactions are based on contracts and expectations the agreed-upon promises create. Knowing the legal requirements for making binding contracts is important.
Strategic Controls and Contingency Plans Strategic Controls and Contingency Plans Strategic control is involved with tracking the strategy during implementation, detecting any problems or possible problem areas, and making any necessary adjustments. The implementation of a strategy is long-termed and consists of a series of steps and activities (Adams, 2013). A control point within a scheduled project are key review points and allow the project manager to make important decisions regarding the project. Contingency plans augment strategic controls and afford a business an alternative plan to keep operating if an unexpected event should occur that would interfere with business activities. Contingency plans typically are developed during the analysis of the strengths and weaknesses of a proposed business strategy (Adams, 2013).
Your customer service policy determines the relationships you will have with the three most important elements in the survival of your business. Training • Customer service departments need ways to measure their success. Employees can't expect to provide your idea of great service if they don't know that means. In the book Award-Winning Customer Service, Renee Evenson writes "Before you can expect the people in your organization to provide outstanding customer service, they have to know how to give outstanding customer service." Policies set service guidelines and train employees.
Running head: JUSTIFICATION FOR AN INTERNAL CONTROL SYSTEM Justification of an Internal Control System Jen Russell University of Phoenix Justification of an Internal Control System A company with established internal controls will be successful in conducting business practices and company’s put internal controls in place to respond to changes in the company and environment. Internal controls are used for risk reduction, to mitigate risks whereas portfolio, hedging and insurance are methods of sharing risks (Risk Evaluation, 2010). Not only must a company have internal controls established but a company must also have insurance to protect the company from significant losses. Internal Controls Internal controls are systematic measure implemented by an organization to 1) conduct business in an orderly and efficient manner, 2) safeguard assets and resources, 3) deter and detect errors, fraud and theft, 4) ensure accuracy and completeness of accounting data, 5) produce reliable and timely management and financial information, and 6) ensure adherence to policies and plans (Internal Control, 2010). Internal controls are not only used for risk management but are also used to control accounting, such as budgets as well as qualitative and quantitative controls.