And because Michael trusted Sue, Michael did not fully review the financials before approving them. Secondly, the related accounting system technology is old and cannot provide the sufficient controls. For example, Koss Corp.’s computerized accounting system was almost 30 years old. Moreover, the internal control of the company was also weak. There are not enough regulations and monitoring system for the daily accounting activities.
For example, there were no longer any engineers left who knew how to build or maintain aqueducts. This meant that when these structures broke they couldn’t be fixed, and so over time there was less provision for clean water. The local population used the stone from the bath houses and other structures to build their own homes as there was less emphasis on public health. The new rulers of Britain did not think it was as important as the Romans had. By 1350 there were some quite serious public health problems in towns, where the lack of fresh water and drainage was a problem which caused the water to be contaminated by other sources and was not healthy to drink.
During the search, an alternative was found but in the research and the implementation, plenty of flaws and issues were found and caused several problems for MSCC. By employing DMA to handle the installation and support of the new system, the decision made the possibility of salvaging the system harder and almost non-existent by the end of the case. This left the new Vice President trying to find new ways to repair the damage done to an already flawed system. Key Problems The major problem that seems to plague MSCC is the fact that there was no opinion or guidance from an experienced information system professional. On either installation you can visibly see that the decisions were made quickly and even if there was research performed, it was not enough to quantify the decisions to implement either one of these systems or business.
The management lacks policies and visible support for quality standards. Although they have recently hired Hank Kolb to oversee their quality program, which is a good decision, the lack of support from senior management for quality is very apparent. It was evident in launching the Greasex line to gain market share without testing the processes involved in making the product as well as ensuring safety requirements are achieved. They saw quality as only a secondary added value. The personnel department is the first department to be interviewed.
These same individuals trusted and respected Bernard Madoff and yet he showed less than the mutual respect a professional investor should show toward his clients. Family members were not immune to his scheme. In fact, other family members were encouraged to invest and also bring in new investors into the fold of his deliberate hoax of profiting off of the rich and unassuming. Madoff showed that he lacked care and empathy for his clients, clearly a pure dereliction of duty, to provide the best information and protect investor’s financial investments. There were also unethical issues involving the entity that was supposed to secure and watch over those that are investing our money.
Personally, I think this act has many points to argue about. First, to me the act will not help preventing futures recession but it does help keeping things clearly based on all the regulations that the act provides. By doing some research, I found that this act was made even before establishing all the cause of the crisis which leaves many factor outside of it. Many people think that the government did not have enough power to evade the crisis, but many economists believe that the government did not do their job of prevent and regulate banks on time. According to John B Taylor “Federal Reserve had the power to avoid the monetary excesses that accelerated the housing boom that went bust in 2007.
Strategic Design at Dynacorp CCWe)re too slow, too unresponsive to the market, and too undisciplined about costs. And the main reason is how we)re m;ganized-it just isn)t working any more. We)ve outgrown the old design in so many ways, but we)re still trying to manage with the same structure we had when we started the company.)) -Dynacorp product manager cCThere)s a lot of talk now about changing our organization design. But we should be careful that we)re not throwing the baby out with the bath- water.
This may not be a "technical" problem, but it has been the cause of break-ins at numerous organizations. Lack of resources commonly is a result of misplaced priorities. For example, the following is a common misconception of those whose organizations have not been broken into: "The media exaggerates every danger well beyond the true risk." (Toxen,2007). When sufficient resources are provided it will end up saving the company money by preventing these security breaches before they happen.
No one's denying the lack of suffering, starvation, and violence. Today's society has a long way to go, but being unable to feel real emotions is something that, to me, is morally wrong. I would not want to create a world in which this is true for everyone. As we found out when Jonas first saw books, there is no real freedom of information in his community. People in his community are taught things like math and how to speak well, but it is made very clear that they know nothing about the world outside of their
Grob goes on to discuss how there has been no real inventory of the lessons of history to help advance the cause for the sake of the mentally ill. Successes such as the one in Madison Wisconsin in the 1980’s are often discarded because of failures to replicate that success in larger urban areas. Furthermore the problems are easily identified yet still difficult to address as this quote from Dave Mechanic shows: "There is no quick fix for the problems that plague public mental health systems," David Mechanic conceded. "The problems are deeply entrenched and difficult to solve. Many public officials are concerned that investments in mental health will not yield significant visible benefits that justify taking political risks." (Grob, 1995) This shows why the initial steps taken in 1963 have only yielded small steps forward thirty years later.