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.
Leslie Fay Companies 1.) Clearly Inventories was a big item to address along with Accounts Receivable. Sales and gross profit were stellar in a time of industry unease. Furthermore Accounts Payable decreases as a percentage of current liabilities while Inventories increase as a percentage of current assets. This is an implausible trend on the Balance sheet that BDO should have investigated further, especially with Leslie Fay’s outstanding Income Statement.
Authors Pearce and Robinson (2009) suggest, a balanced scorecard “Is a set of measures that are directly linked to the company’s strategy,” “Directs a company to link its own long-term strategy with tangible goals and actions,” and “Provides a framework to translate a strategy into operational terms” (p. 202). A balanced scorecard is comprised of four perceptions: financial, customer, internal business process, and learning and growth (Pearce & Robinson, 2009). Utilizing Kaplan and Norton’s development of the balance scorecard AB Cleaners (ABC) evaluated its strategies relative to their mission and vision. The preceding matrix echoes ABC’s measurements, its targets, and supporting initiatives for each of the four perspectives associated with the
Unethical behavior undermines positive gains. Intentional use of information to misguide public perception is harmful in all aspect of business. The concept of business research must be adhered at all times, and therefore managers must take every effort to enforce it, and employees held accountable for this process to take its full effect. The stages of business research are the following: 1) Clarifying the Research Question 2) Proposing the Research 3) Designing the Research Project 4) Data Collection and Interpretation 5) Reporting the Results In Stage 1, problem must be identified in order to initialize the business research, and thus providing clear guidance on the research process. In Stage 2, the proposal is created and presented for managerial review and approval.
SOX were introduced to be known with its purpose. SOX is an act in protecting investors by improving the accuracy, and reliability of corporate disclosures made pursuant to the securities laws, and other purposes. New parts of the law are cited at 15 USC 7201. Many provisions is located at 78 USC because many of the provisions
Management System Fahad Ibne Rahman Ashland University MBA 501 Organization Design, Development and Change Management Michael J Colburn, Ph.D. Date: 10/10/2013 MANAGEMENT SYSTEM The management system is mainly composed of response to change, leadership and human capital. Success of business depends on a lot of facts; among them response to change, leadership and human capital are the key factors. These determine the flow of business towards the road of success. It is vital for organization leaders and executive management to identify positive and negative changes and accordingly take necessary actions.
1 Executive Summary The summary includes a concise but complete description of the problem addressed in this paper, how we propose to solve it as well as recommendations. 1.1 Problem Statement FlexCon is making an effort to redefine itself by gaining a better understanding of strategic insourcing/outsourcing alternatives. This includes focusing not only on cost factors, but also the true sense of what the core competences of the organization are, and whether the product/service under consideration is an integral part of the core competences. Therefore, the company has elected to conduct an internal review in order to decide where product development efforts and strategic investment should focus. During the internal review of the company, Executive Management noted that too much capacity and talent are being allocated to simple, commodity type items, which are providing minimal product differentiation in the market place.
La Quintas Balanced Scorecard for 2009 CHAPTER 13 STRATEGY, BALANCED SCORECARD, AND STRATEGIC PROFITABILITY ANALYSIS Solution Exhibit 13-16A Customer Preference Map for Corrugated Boxes [pic] 3. Measures that we would expect to see on a La Quinta’s balanced scorecard for 2009 are Financial Perspective (1) Operating income from productivity gain, (2) operating income from growth, (3) cost reductions in key areas. These measures evaluate whether La Quinta has successfully reduced costs and generated growth through cost leadership. Customer Perspective (1) Market share in corrugated boxes market, (2) new customers, (3) customer satisfaction index. The logic is that improvements in these customer measures are leading indicators of whether La Quinta’s cost leadership strategy is succeeding with its customers and helping it to achieve superior financial performance.
(TCO 3) ISO 9000:2000 defines a _____-based approach to quality management systems. (Points : 6) 7. 7. (TCO 4) _____ is a method the Deming philosophy focuses on for improvements in product and service quality. (Points : 6) 8.
She was trying to inspire confidence in the declining firm and its executives and employees. Furthermore, she has identified several problems with the current operations of O&M. They need to consider the major trends of increasing internationalization of clients, changes in compensation strategies (paid out to the firms), changing technological landscape, decreased spending on advertising as a whole, and alternatives to the original advertising and marketing channels. Furthermore, it was a time-period trend that many advertising firms were merging and taking over smaller firms, almost like a consolidation of ad agencies. What your assessment of the vision?