Category Archives: Business

Application of Ethical Business in Globalized World

Question

Students are to explore rationales and application of Ethical Business in a Globalized World in detail.Write a 3-page paper on how do US corporations run their business ethically in globalized world? 

Sample paper

Application of Ethical Business in Globalized World

Businesses are operating in an increasingly globalized environment, and more organizational leaders are finding themselves facing serious ethical challenges in the complex international operating environment. While organizations may only experience a few ethical issues in the local environment, managing ethics in a globalized world becomes more complex and difficult. Organizational leaders have to deal with certain ethical issues in foreign nations that may be totally absent in the country of origin. For instance, differences in culture, insufficient regulations, and corruption are just but some of the things that lead to global dilemmas among leaders in globalized environments. This paper is a discussion on how US corporations run their business ethically in a globalized environment.

US corporations run their business ethically by creating a corporate-wide ethical policy to guide their operations. Codes of ethics refer to detailed organizational guidelines that help managers and employees to make the right decisions when facing dilemmas (Nakhle & Davoine, 2016). Codes of ethics help in defining what is legal or what is unacceptable as per the business practices. Codes of ethics have long been used as important tools in controlling employee behavior especially in subsidiaries. According to Nakhle & Davoine (2016), the code of ethics is a concept originally from North America. The North American codes of ethics thus act as the universal rules of behavior in multinational corporations. The internal codes of ethics for American corporations could thus be interpreted as the international business ethics.

Still, corporations often aim at developing and enforcing a global corporate culture. A global corporate culture refers to the application of codes of ethics in a global context (Olaru & Gurgu, 2009). In developing a global corporate culture, an organization not only applies the global principles of ethical conduct but also integrates local culture and policies. The global principles are a reflection of an organization’s corporate culture while adopting to the local policies and culture shows the management’s commitment to respect the local culture. For instance, a corporation’s global culture could prohibit employees from receiving any forms of gifts (Olaru & Gurgu, 2009). However, in certain locations where gifts are a sign of respect and embedded in the local culture, the management may allow the receiving of gifts in such locations.

US corporations run their business ethically through training of employees on ethical conduct (Olaru & Gurgu, 2009). Without training, a corporation cannot achieve ethical conduct from its management or employees. Ethics training is important in instilling an ethical culture among employees. It is only through training that the leadership gets a chance to influence employee behavior as well as their decision-making approaches. It is integral to ensure training of the expatriate organizational leaders and employees. Training helps expatriates in adjusting to the new culture by learning the basics of the new culture (Olaru & Gurgu, 2009). Training enables the expatriates to know how to handle different situations such as the issue of bribery in highly corruption nations. Training helps employees to comply with a corporation’s codes of ethics while transacting on behalf of the corporation.

Another way of running corporations in an ethical manner is compliance to local regulations and laws. It is important for a corporation to comply to the local regulations and laws in order to avoid problems with the law. Each country has a set of unique laws and regulations that guide how businesses operate. Common laws guiding business include antitrust laws, anti-corruption laws, privacy laws, trade laws, and licensing. Antitrust laws are those governing competition practices by businesses. Anti-corruption laws prohibit businesses from issuing bribes and kickbacks. Privacy laws concern data protection needs of a corporation. Trade laws guide businesses in export, import, and general manner of operating. Lastly, a corporation must obtain all relevant trade licenses.

US corporations engage in corporate social responsibility as a way of ensuring ethical business conduct. Corporate social responsibility involves going beyond the profit motive to ensure that the business acts in a responsible manner (Eijsbouts, 2017). Most corporations have elaborate corporate social responsibility programs that help in self-regulation and maintaining ethical conduct. According to Eijsbouts (2017), corporate social responsibility codes enables companies to develop norms, rules, and basic values that guide the behavior of the top management, employees, and even suppliers. Corporate social responsibility means that corporations are mindful of the welfare of the society rather than solely focusing on profitability. This is critical in ensuring that corporations engage in ethical practices.

US corporations run their business ethically by advocating for the observation of international human rights. Respect for human dignity is a critical aspect in organization’s operations. Respect for human dignity or rights calls upon corporations to exercise ethical behavior in different parts of the world. Corporations can show respect for human rights by treating employees well, preventing local environment pollution, and developing safe products for use.

In summary, corporations are operating in an increasingly globalized world. US corporations are able to run their business ethically through various ways. Creating corporate-wide ethical policies helps them in determining what is right or wrong for the employees. A global corporate culture helps in adopting an organization’s practices to the local area culture or policies. Other ways of achieving this include corporate social responsibility programs, employee-training programs, conformance to local laws and regulations, and lastly respect of international human rights.

References

Eijsbouts, J. (2017). Corporate codes as private co-regulatory instruments in corporate governance and responsibility and their enforcement. Indiana Journal of Global Legal Studies, 24(1), 181-205. doi:10.2979/indjglolegstu.24.1.0181

Nakhle, S. F., & Davoine, E. (2016). Transferring codes of conduct within a multinational firm: The case of lebanon. EuroMed Journal of Business, 11(3), 418.

Olaru, S. D., & Gurgu, E. (2009). Ethics and integrity in multinational companies. Review of International Comparative Management, 10(1): 113 – 121.

Corporate Social Responsibility

Question

Write a 3-page paper on the impact of Corporate Social Responsibility on Society. Use at least 2 articles as a reference. APA style. Provide a key concept, analysis, and your conclusion.

Sample paper

Corporate Social Responsibility

Given the contemporary competition in the modern business environment, organizations need to take a political stand to be in a position to beat off competition from their rivals and get a significant market share. In the modern business, customers prefer high-quality products and services from accountable and responsible companies when they are making their purchases. According to current studies, consumers are giving first opportunities to companies and organizations that participate in corporate social responsibilities and often hold them accountable for designing and implementing social changes with their organizational beliefs, practices, and profits (Koutra, 2013). Irrespective of the fact that the success of social responsibility continues to be based on tangible, operational elements currently businesses are required to share more intangible values of the consumers. Scholars have identified Corporate Social Responsibility (CSR) as the initiatives of business to assess and be accountable for the organization’s impact on the environment and social well-being of the people in where they operate. This assignment will attempt to establish and describe the benefits of CSR to the society.

With its current and latent expertise, CSR is seen as a useful lever to assist businesses and organizations to scale their efforts in nation building. Apart from providing a wide range of advantages to the businesses, corporate social responsibility should offer both tangible and intangible benefits to the consumers and society in general.

One of the notable benefits of CSR to the society is the creation of ambiance in the nation. Research has indicated that the involvement of the business in the local community’s problem and challenges, develops better living standards and healthy lives of the members of the society. The beneficiaries of CSR in the society tend to have a happier as well as a comfortable and better living standard compared to those who have little or no opportunity to benefit from CSR (Ravi & Lipschutz, 2010). Through building schools, hospitals, or even providing fresh water for the members of the society, organizations tend to create an avenue through which the society can access high-quality services that enhance the health of their lives. Besides, the presence of business and organizations in almost all community development programs creates a safer environment for children to grow apart from substantially decreasing, if not, eradicating corruption with the society (Ravi & Lipschutz, 2010). The generous nature of the companies creates benefits for the least disadvantages in the society by assisting the poor and increasing trust in the society.

Another significant benefit of CSR in the society is the production of high-quality products and services that provide experience and satisfaction to the community at large. Studies show that not only businesses and companies benefit from the increased quality of their products and services with the increased market share in the current business environment, but also the improved quality of commercial commodities helps the community at large. The commitment of organizations and businesses to abide by the CSR rules and regulations provides an opportunity for firms to identify and eliminate any defects that may exist during the production process, which in turn results in diminishing complaints of defect products while at the same time increasing consumer satisfaction and experience (Hopkins, 2012). Besides, efficient and effective CRS initiatives may reduce the cost of production of a company which in turn reduces the overall price of goods and services of the company, thus benefiting the community at large. Reducing the cost of production offers an opportunity for the organization to produce more goods or even produce a variety of commercial commodities, thus providing alternatives to the consumers.

According to studies, the responsible behavior of organizations and executives of these organizations can inspire the members of the society to follow their example. In most cases, organizations, and leaders often act as role models in the society which means that the members of the community tend to emulate their personality and character. Therefore, if these organizations work responsibly to help the least advantaged in the society, there is a high likelihood that the community, in general, will follow suit and help the company to help others. Besides, the success of a company which is closely associated with its CSR activities is also a success for the society since the benefits are likely to trickle down to the community (Carroll, 2015). A successful company is expected to hire more employees in better conditions, such as fair wages and can provide significant perks. Such a move helps to reduce the rate of unemployment in the society.

From the above-detailed discussions, it is correct to conclude that corporate social responsibilities of a company not only improves the accountability of the organization but also benefits the society in general. However, the benefits of CSR initiatives to the nation must go hand in hand with those of the company to have a significant impact on the overall business environment. Some of the notable benefits to the society include the provision of high-quality products and services, inspiring people to participate in activities that benefit the community in general as well as creating ambiance in the culture.

References

Carroll, A. B. (2015). Corporate social responsibility. Organizational Dynamics, 44(2), 87-96. doi:10.1016/j.orgdyn.2015.02.002

Hopkins, M. (2012). The Planetary Bargain: Corporate Social Responsibility Matters. Hoboken: Taylor and Francis.

Koutra, C. (2013). More than simply corporate social responsibility : implications of Corporate Social Responsibility for tourism development and poverty reduced in less developed countries: A political economy perspective. Hauppauge, NY: Nova Science Publisher’s, Inc.

Ravi, R. K., & Lipschutz, R. D. (2010). Corporate social responsibility: Comparative critiques. Basingstoke [England: Palgrave Macmillan.

Impact of Stakeholder on Corporations

Question

Students are to explore concept and application of stake holders and corporations in an in-depth way.Write a 3-page paper on the impact of stakeholder on corporations. Use at least 2 articles as a reference. APA style. Provide a key concept, analysis, and your conclusion.

Sample paper

Impact of Stakeholder on Corporations

Stakeholders play a critical role in corporate governance. Sound corporate governance involves an effort by a corporation’s management to maximize shareholder value and ensure that the interests of various parties are taken into account. This is key in ensuring that a corporation benefits the larger society but not the management alone. The stakeholders in corporations include diverse groups of people, each having unique interests to the corporation. The stakeholders in a corporation include shareholders, creditors, customers, suppliers, employees, management, trade unions, and the local community. The stakeholders play a critical role in monitoring a corporation’s affairs and ensuring sound corporate governance. This paper is an evaluation of the impact of stakeholders on corporations.

One of the key impacts of stakeholders on corporations is in influencing the corporations’ reputation. Stakeholders have a direct impact to a corporation’s reputation among the public (Migle & Stravinskiene, 2015). This is mainly because corporations depend on stakeholders to achieve their objectives. For instance, a corporation will depend on its employees to provide goods or services to the customers. In doing this, employees project the image of the corporation to the customers through direct interactions. Corporations should seek to develop and maintain good relationships with the stakeholders. Failure to do this might lead to a reputational risk. Trust between the corporation and stakeholders form the foundation for future success of the corporation. Stakeholders can influence a corporation’s reputation through various ways such as boycotts (customers), restricting resources (suppliers), and strikes (employees). According to Migle and Stravinskiene (2015), the key stakeholder groups that have significant influence in corporate reputation are employees, customers, shareholders, and media. The media can influence public opinion about the corporation.

Another impact of stakeholders on corporations regards performance. Stakeholders are critical in influencing the financial performance of the corporation (Migle & Stravinskiene, 2015). Various stakeholders contribute to the financial performance of the corporation in unique ways. Employees are in charge of running the daily affairs of the company with the goal of achieving set goals. Where an organization sets the right work culture, employees are likely to feel motivated to work hard and contribute to solving problems. This will benefit the customers leading to product loyalty. In some corporations, employees are investors to the company by owning shares. Such employees will work with the goal of maximizing the organization value rather than focusing on their employment relationship with the corporation. Shareholders also help in improving the financial performance of the corporation through various ways including monitoring and providing capital for investment (Rezaee, 2008). This is important in improving the financial performance of the corporation.

Stakeholders play a critical role in monitoring corporations. This monitoring function has the impact of ensuring that corporations implement sound corporate governance practices, for instance, maximizing shareholder value and taking into consideration the interests of other stakeholder groups such as employees (Rezaee, 2008). Large institutional shareholders are particularly concerned with the running of affairs at corporations that they have some interest. Institutional investors are active in monitoring how the management conducts its affairs. To be precise, institutional investors monitor the management from engaging in corrupt practices. Institutional investors can exercise their power by advocating for better management to the Board of Directors. The Board of Directors can then demand for the replacement of current management in order to improve productivity and transparency in the corporation.

Stakeholders impact corporate social responsibility efforts of a corporation. Local communities expect corporations to go beyond their official business mandate and take responsibilities for things outside the business scope such as improving the welfare of the local community members or improving the environment. Beginning in the 1960s, there was a fundamental shift in the way consumers viewed businesses, driven by lobbying from environmental protection groups and civil rights groups. Consumers became increasingly demanding of large corporations to take responsibility of the society, people, and the environment. This view is still strong among consumers in the current period. While consumer societal expectations may seem trivial in influencing corporations’ actions, evidence available suggests that this has significant impact of the behavior of corporations. According to Akisik and Gal (2017), customers prefer buying from firms that seem to support corporate social responsibility initiatives such as giving back to community, compliance with laws and regulations, and care for the environment.

Stakeholders can influence the production practices of a corporation thus leading to increased operational efficiency (Akisik & Gal, 2017). When corporations report of improved business practices, stakeholders are likely to take such in positive light and develop a stronger relationship with the corporation. Such actions are likely to help in achieving long-term sustainability in the use of resources. According to Akisin and Gal (2017), firms that prove to have achieved higher efficiency as well as sustainability levels can gain legitimacy with various stakeholder groups. For instance, consumers are likely to purchase from firms that have high sustainability levels in the utilization of resources. As such, firms have strong motivation to develop legitimacy by adopting efficiency and sustainability in operations.

In summary, stakeholders play a critical role in ensuring sound corporate governance. Stakeholders have a significant impact on a firm’s reputation. Certain stakeholders such as employees portray the image of a corporation to the public. Stakeholders influence the performance of a corporation. Primary stakeholders influence directly the performance of the corporation through the decisions they make on a daily basis. Stakeholders provide monitoring, which influences the transparency and accountability of organizations. Stakeholders also influence the corporate social responsibility efforts of corporations. Lastly, stakeholders influence the production practices of corporations, leading to improved efficiency and sustainability in the utilization of resources.

References

Akisik, O., & Gal, G. (2017). The impact of corporate social responsibility and internal controls on stakeholders’ view of the firm and financial performance. Sustainability Accounting, Management and Policy Journal, 8(3), 246-280. doi:10.1108/SAMPJ-06-2015-0044

Migle, M., & Stravinskiene, J. (2015). The importance of stakeholders for corporate reputation. Engineering Economics, 26(1): 75-83.

Rezaee, Z. (2008). Corporate governance and ethics. John Wiley & Sons.

Human Resource

Question

Unit 1 DQ: Diversity (Graded)

As a Human Resources (HR) manager, you have noted an extremely low number of women currently at any level of management within the company. In addition, you have noticed a disproportionate number of women have left the company over the past year.

Address each question completely in detail. Think fully on the answer before submitting your response.

Please align the number of your response to the numbered question below. Be sure to write in a professional manner (paragraphs, complete sentences, etc.) Sloppy inattentive submissions will be penalized.

  1. What actions could you take to increase the number of female new hires?
  2. What specific programs/initiatives could you develop to assist hiring managers in the interview process?
  3. What additional steps could you take to assure a safe working environment for female employees?

Sample papers

Human Resource

In the recent labor force, industry, diversity is increasingly becoming the order of the day. Dead and gone are the days when men alone would dominate all sectors and industries in the economy. Despite the fact that men are still many in most industries, the number of employed women is slowly increasing thus creating a healthy competition between men and women employees.

Question 1

One of the many ways that companies and organizations can use to attract more women in their companies is by creating a uniting font. Therefore, the recruiting process and procedure should emphasize the importance of recruiting and retaining women in the company. Similarly, the members of the human resource department, interviewers, and the entire organizational team should understand that recruiting, hiring and retaining women employees is the primary goal of accompany. In addition, the company should make the job ads women-friendly (In Harzing, A.-W, & In Pinnington, 2015). Research shows that women like having fun, friendly and casual atmosphere. Therefore, companies should strive to create a friendly environment for women.

Question 2

According to most human resource managers, promoting the current female employees and employees in positions of power gives the necessary motivation to interviewers the motivation to look for more women. When women are represented at the highest level, such as the interviewee committee, there are high chances that they will prioritize the needs of female employees.  Additionally, constant and regular training on the need of diversity in the workplace enhances the ability of the interviewers to give more chances to female employees (Mathis, Jackson, Valentine, & Meglich, 2017).

Question 3

The creation of a friendly working environment is the key to the recruitment and retaining of female employees. This can be done by taking the sexual harassment seriously. Research shows that women are more vulnerable to sexual harassment than men. Therefore, the assurance of their safety is key to their commitment to an organization (Mathis, Jackson, Valentine, & Meglich, 2017).

References

In Harzing, A.-W, & In Pinnington, A. H. (2015). International human resource management. London: SAGE Publications Ltd.

Mathis, R. L., Jackson, J. H., Valentine, S., & Meglich, P. A. (2017). Human resource management.

COSTCO Membership Benefits

Question

Description: Speech Preparation – Informative (Speech of Review) Directions: Video Preparation Assignment The purpose of this assignment is for students to begin developing content for the Speech of Review. Assignment elements must be developed to include:  Topic choice (business, product, or service) Specific purpose: Thesis/central idea: single, declarative statement that reflects essence/central idea of speech. Questions based on thesis/central idea (audience-centeredness): refer to Lesson 6 discussion question Potential main points: 2-5  Include 2 research-based, credible resources since you must incorporate D.E.N.T.S (definitions, evidence/examples, narratives, testimony, and statistics) in speech, with full citations. Use MLA or APA (Links to an external site.)Links to an external site.. Submit a 1-2 page WORD document including aforementioned elements, and use the grading rubric to ensure elements are concise, correct and accurate. NOTE: use numbers or bullets for content; do not submit in essay form.  Sample Student Assignment General Purpose: To inform Specific Purpose: To inform my audience about the benefits of a COSCO membership. Thesis/Central Idea: A COSTCO membership is beneficial since it affords the user a wide selection of name-brand merchandise, the convenience of specialty departments, and exclusive member services, designed to make one’s shopping experience a pleasure.  Main Points: A.   COSTCO membership saves members money on over 20 categories of products. B.   COSTCO offers specialty departments such as Optics, Hearing, and a Photo Center. C.   COSTCO provides exclusive member services for business, home, and lifestyle. D.   COSTCO offers a variety of membership levels to fit one’s needs.  

Sample paper

COSTCO Membership Benefits

General Purpose: To provide information

Specific Purpose: To inform the audience about the specific benefits of being a COSCO member

Thesis/Central Idea: COSCO members enjoy a wide range of services and products at lower prices including discounted gift cards, free health screenings, great deals on rental cars, insurance, great vacation deals, and among other products designed to improve customer experience.

Key Points:

  1. COSTCO members enjoy discounted gift cards.

Shopping at COSTCO is always an amazing experience for members. While most of the grocery and retail gift cards provide customers with the same dollar value as the up-front cost, the COSTCO gift card acts as a discount voucher. This means that customers are able to enjoy discounts on the gift cards while shopping. COSTCO will provide you with up to 20 percent discount on the grocery and retail gift cards (Swanson and Samantha 1). This is a huge discount to customers.

  1. Amazing deals during vacations

COSTCO card leisure travelers enjoy great deals by using the card. While cruises offer the best vacation deals to customers, travel agencies do not provide attractive price package discounts. In fact, they will offer you almost the same price. Travel agencies may provide customers with certain incentives such as on-board credit. However, these incentives are nothing compared to what COSTCO members enjoy. COSTCO provides members with a cash card, which may range between $260 and $665 dollars. This is huge incentive considering that online travel agencies will only offer you about $50 to $150 in credit (Swanson and Samantha 1).

  1. Best deals on rental cars

COSTCO membership also covers individual transportation needs. COSTCO members enjoy amazing deals on car rentals. COSTCO works with only four care hire companies, which include Enterprise, Alamo, Budget, and Avis. According to Swanson and Samantha (1), a comparison of car rental prices in Chicago indicated that COSTCO offered members with the cheapest deals. While the lowest four-day charges for other companies were $167.79, COSTCO was able to provide members with a smaller car through its partnership with Alamo for only $137.69. This is an amazing deal for COSTCO members, and among the key reasons why you should consider signing up with COSTCO.

  1. COSTCO offers a variety of membership levels to fit individual needs

COSTCO offers a variety of membership levels, which means consumers can make a choice from different alternatives. It is important to provide members with choices to improve flexibility. COSTCO provides three different types of membership. These include personal (Gold Star), business, and executive. The personal and business memberships share many similarities, and are virtually the same. For instance, they cost $55 and give access to two individuals (Sadler 1). Nonetheless, business membership allows members to sell any wares bought at COSTCO. In addition, members can have an extra five memberships using the same account. The executive membership goes for $110. This includes personal membership and two percent discount provided on all purchases.

  1. Free health screenings

The benefits provided by COSTCO extend to health services. COSTCO membership guarantees individuals with free health screenings (Sadler 1). COSTCO organizes free health screenings on occasional basis and informs members through various outlets. Common screenings provided include osteoporosis screening, healthy heart screening, lung health screening, and diabetes screening. The health screenings cover most of the common health problems affecting people. Early diagnosis is important in helping manage these conditions. As such, COSTCO members can enjoy healthier lives.

Works Cited

Swanson, David, and Matt Samantha. “8 hidden benefits to your COSTCO membership.”             USA Today, 23 December 2016, late ed.

Sadler, Alex T. 9 secret perks that make a Cotsco membership totally worth it.             http://clark.com/shopping-retail/ways-to-save-get-more-out-of-costco-        membership/. Accessed 7 July 2017

Boston Chicken case study

Question

Boston Chicken, Inc.

Boston Chicken developed a new segment of the fast food restaurant business, home-cooked food. To take advantage of this innovation the company sought to grow rapidly by signing franchise agreements with large area developers. However, it also provided sizable loans to the developers to help them finance new restaurants. These loans have, in turn, been financed through public stock and convertible debt issues made by Boston Chicken. The case is used as a comprehensive security analysis case, covering strategy analysis, accounting analysis, financial analysis and valuation.

Questions to Guide/Be Addressed in Your Case Analysis:

  1. Assess Boston Chicken’s business strategy. What are its critical success factors and risks?
  2. How is the company reporting on its performance and risks? What are the key assumptions behind these policies? Do you think that its accounting policies reflect the risks?
  3. What adjustments, if any, would you make to the firm’s accounting policies?
  4. What questions would you ask management about the company’s performance?
  5. How is Boston Chicken performing?
  6. What assumptions is the market making about the company’s future performance and risks? Do you agree with those assessments?

 HYPERLINK “http://info.umuc.edu/acct-fin/fm-syll/msaf670/cases/boston_ch.xls” See attached excel sheet with financials (separate attachment)

 Develop your case analysis as a paper with an introduction, statement of the issues/problems, body/analysis and conclusions/recommendations sections. See scoring template (separate attachment).You may include a post script to your paper, which comments on recent events associated with the company; however, do not let the “Monday morning quarterback” syndrome drive your analysis. Your analysis should be independent of what has transpired after the situation/time period described in the case

Sample paper

Boston Chicken case study

Question 1: Assess Boston Chicken’s business strategy. What are its critical success factors and risks?

The business strategy comprises of the art of management, formulating, implementing and evaluating of cross-functional decisions that enables an organization to achieve its long-term goals. There exist different business strategies such as growth strategy, product differentiation and price skimming strategy that can be adopted by an organization to further their long-term objectives. In this case, Boston Chicken firm has adopted product differentiation as their main mode of business strategy. Product differentiation is the procedure of distinguishing a product or a service from other by ensuring that it is unique in its own ways to make it more attractive to a specific target market. Through the provision of home cooked nourishment in the form of chicken at sensible costs, Boston Chicken has significantly and successfully differentiated their product from that of their competitors. Their food is accessible for on premises utilization and consumption as well as for brings home conveyance and delivery.  The basic achievement and success factor of Boston Chicken is their ability to provide and serve high-quality food to their esteemed customers.  Additionally, their good relations and ability to appoint to grow through the help of franchisees and attracting a large number of the customer base have significantly contributed to their success. However, the firm has treated and deals with several risks such as the failure of the franchises to return the credit they have been offered by the firm as well as the risk of losing their customers as they go searching for higher value money outlets (Bivand, n.d.). Finally, considering that Boston Chicken may be unable to control the quality of the product sold by this franchisee, they may end up producing low-quality products and in the process lose more customers.

Question 2: How is the company reporting on its performance and risks? What are the key assumptions behind these policies? Do you think that its accounting policies reflect the risks?

Despite the company reporting aggressively about its performance and risk, their reporting strategy is flawed from the word go. One of the biggest mistakes in their operations was their attempt to keep franchise losses from the public eye.  The company reported large profits which included payments on royalties and loan repayment interests from the franchise and areas developers. Considering that the area developers accounted for 10 percent of the total notes receivable each, the company should have implemented bad debts accounts to recognize the fact that not all money will be returned. The area developers lost more than $ 50 million in 1994 thus affecting the performance of the company. Moreover, the company financial reports are not indicating the falling profits, as well as the declining demand for their products as more and more customers go to other companies in search of value based products.

The primary assumptions of the firm were the interest realized and the royalties received from franchises were a form of earning for the company. Moreover, the firm assumed that by reporting lower sales potential franchise will be disappointed and be heartbroken from getting into the business which in turn would have slowed down the rate of appointment of new franchisees. According to the reports, the company had reported that it had sold a total of $ 18,900 while in the real sense it had total sales of $ 23,000 per week (Bivand, n.d.). Additionally, the firm assumed by reporting lower revenue some franchisees would leave the company in search of greener pastures.  However, the most important assumption made by the company was that if they reported the losses made by the franchisees and area developers to the general public the stock prices would have declined significantly thus affecting the company finance.

Most of the accounting policies adopted by the company are meant to hide the tremendous risks of failing franchises since they do not reflect the risk. However, to some constrained degree the bookkeeping policies reflect the dangers. The 1994 balance sheet shows a convertible subordinated debt of $130,000 compared to null debts in 1993 and 1992. Such a large debt within a period of one could have raised alarms from different quarters of the firm as it shows a decline in business. Moreover, a cross-examination of the cash flow statement shows that the net income of a company with so many franchisees as well as company that provide finances regarding loans to area developers is only $ 16, 173 in 1994 while the from financing activities is $255,703. This revelation above is a clear indication that the company finances most of its activities from convertible subordinated notes.

Question 3: What adjustments, if any, would you make to the firm’s accounting policies?

Considering the primary purpose of having accounting policies in an organization is to enhance accountability and transparency, the first step would modify the reporting of revenues of the company. I would begin by separating franchise related fees as well as royalties should not be included in the revenue of the company when a store is opened but rather should be accounted for when the firm received them in cash.  Considering that Boston Chicken paid up to 80 percent of all the cost incurred in opening these franchisees, learning to differentiate income from the repayment of the loan would have been a great move. Correspondingly, just money got from organization worked stores ought to be perceived as income. The bookkeeping approach ought to demonstrate extra paid in capital and its sources. The separate ought to be given to show its capitals separately and resources separately. Amid the year 1994, the money got from working exercises is $16,173 while the trade utilized out contributing exercises is $270,854. The accounting policy adopted by the organization should not have shown in the same place $ 163,622 paid for plant, property, and gear, and issuance of notes receivable. To enhance the accountability and transparency in the organization as well as to uphold the trust of all stakeholders, there should be a detailed explanation as to why the company was willing to take up the risk of an issue such a large number of notes to the area developers (Bivand, n.d.). Additionally, accountants should learn how to separate their work by calculating the cost and revenue of the company differently from those of the franchisees considering that franchisees are always regarded as independent entities.

Question 4: What questions would you ask management about the company’s performance?

After looking at the company’s bookkeeping policies and records, the management has a lot to answer concerning their practices and the company performances. The first question would focus on the quality and the integrity of the company earnings. From the books presented, it is easy to tell that there a lot of mistakes in the accounts provided. Fees, royalties and interest payment from payments from franchisees that are financed by the mother company that is Boston chicken are not performing as expected (Bostic, n.d.,). The next question would focus on the actual changes of the company sales and revenues and how well they can project next year’s sales and revenue. From the accounts provided it is evident that there is a significant increase in cost and expenses of running the business from $ 14,592 in 1992 to $71,540 in 1994 while there are no significant changes in revenue and sales. Any changes in the cost and expenses incurred should be clearly reflected in the sales and revenue of the company. Moreover, another performance that would require my attention and clarification would be the rise of interest cost from $ 440 in 1993 to $ 4,235 in 1994. This is a significant increase that should not be witnessed within a period of one year. The management should have a detailed explanation as to why the interest cost increased at that rate. Other question would focus on the marketing strategy of the company considering that most of the company customers were purchasing other company products in search of value-based products. Therefore, I would like to know what changes Boston Chicken has implemented to attract and retain a value-seeking customer. What changes would the company implement to ensure that the franchise agreements are not draining the company finances and resources? What can the company do to make their home-cooked food to make them value-based?

Question 5: How is Boston Chicken performing?

Looking at the accounts provided by the company to the public, the company is performing well since it is recording significant growth and increase in revenue. Moreover, the total numbers of shares of the company are steadily growing from 32,667 in 1993 to 42,861 in 1994. However, this is not the real story behind the scenes considering that it is evident that the company is making losses from their franchisees. For one to get the actual picture on the ground, he or she has to closely examine the cash flow statement which clearly indicates that the net operating cash in the year 1994 is $ 35, 198 while the net cash used to invest in different activities of the company is$ 270,854. Moreover, the amount of money invested as the issuance of notes receivable is $ 225,282 which raises the question whether Boston chicken is operating as a fast food company or a finance company (Bivand, n.d.). From the above analysis, it is quite clear that the company is not performing as expected the senior management is only making things work by trying to cover up what is actually going on. As a fast food company, a large portion of its revenue should actually come from selling the home-cooked nourishment at a lucrative price rather than from its financing activities since it is not a financial institution.

Question 6: What assumptions is the market making about the company’s future performance and risks? Do you agree with those assessments?

The market is assuming that the Boston Chicken franchises acquire more income than they currently realize per week and they expect this trend to be consistent from week to week. As the revenue and profits increases, the income of the franchise will increase which in turn will lead to an increase in income of the whole company as well as increase per share earnings.  However, this is contrary to my expectation and assumption since the company books of accounts show that the primary income of the company comes from financing activities rather than sales of the home-cooked chicken (Bostic, n.d.,). Therefore, the basic income of the company widely depends on the fees, royalties, and interests collected from the appointed franchisees. Most of the market players and the management of the Boston chicken are yet to figure out that most of the company revenue does not come from their primary product. Despite the fact that it is standard to utilize the accumulation arrangement of bookkeeping if there should expect a rise an occurrence of Boston Chicken, just the expenses, eminence, and intrigue acknowledged ought to be perceived.

Introduction

Boston Chicken shows a positive growth regarding income statement since the financial results of the company is pleasing in the eyes of the public, but a closer look at the financing activities of the company completely changes the scenario. Most of the finances of the company come from the issuance of stock as well as the issuance of debentures and lending money to their franchisees and area developers.  Considering that each franchise operates independently, it becomes difficult to control the activities of these franchises which in turn increase the risk of these franchises not returning the money. As a result, the business is taking the wrong turn which is also enhanced by the fact that more and more customers are turning to other value products and as they feel home-cooked chickens are not fulfilling their needs effectively and effectively.

Statement of Issues Problems

  1. The interest for Boston Chicken items is decreasing as a stable rate as since clients are looking for an incentive for cash.
  2. The money that Boston Chicken has given its franchisees speaks to a generous hazard. The cash may not be returned, and therefore they should have an account for bad debts.
  3. Both the pay and budgetary position of Boston Chicken is confronting significant money related hazard (Bivand, n.d.).

Conclusion

Boston Chicken had a phenomenal plan of action when it initiated since it was focused on expanding their business as well as their customer base by appointing franchisees and area developers to open up shops all over the region. Be that as it may, changes in client preferences and tastes which forced them to seek other products from other companies led to a decline in the demand for the home-cooked chicken. The organization has financed a few franchisees, and this speaks to a significant hazard to the organization especially if these franchisees fail to live to their expectation or pay up their loans.

Recommendation

It is prudent for Boston Chicken should offer value for the customers’ money for them to win their hearts and encourage them to buy the organization products. It should alter its menu and present low-value high esteem items. Additionally, it ought to receive a more moderate franchise arrangement and ought to abstain from giving money to the franchise. Boston Chicken ought to enhance its plan of action. This will pull in monetarily solid franchises to it.

References

Bivand, R. (n.d.). Revisiting the Boston Data Set (Harrison and Rubinfeld, 1978): A Case Study in the Challenges of System Articulation. SSRN Electronic Journal. doi:10.2139/ssrn.2719454

Bostic, R. W. (n.d.). The Role of Race in Mortgage Lending: Revisiting the Boston Fed Study. SSRN Electronic Journal. doi:10.2139/ssrn.2135

Related:

Compare and contrast the evidence presented by Freidman with that provided in the IPCC Fifth Assessment Report summary videos

Compare and contrast the evidence presented by Freidman with that provided in the IPCC Fifth Assessment Report summary videos

Question

Course event

In 1970 Milton Friedman claimed that the only social responsibility of business was to increase profits. Compare and contrast the evidence presented by Freidman with that provided in the IPCC Fifth Assessment Report summary videos. In light of the available evidence, discuss whether you believe Friedman’s claim is valid.

Sample paper

Course Events

Milton Friedman has a very different perspective about the social responsibility of business compared with what we all consider to be right. According to Milton Friedman, the main role of a business is to make profit and not to give attention to any social interest of other people. In most cases, social responsibility activities are tasked with the corporation. This makes it hard to clearly identify the actual individual that is responsible for those social activities. In Friedman’s views, in a private-property, free-enterprise system, a corporate executive is not the business owner, but an employee. The direct responsibility of this employee is not to society, but to his or her employer. This means the employee is bound by the employers’ rules and instruction and can only perform business as per their desires. In most cases, enterprise owners’ desire is to maximize profits while adhering to basic social rules required by the law and that are dictated by the ethical duties in the industry of operation. According to Friedman, a manager or an executive in a corporation is simply an agent who operates based on conditions given by others (owners). This person does not have the ability to decide on social responsibility unless authorized or unless the owner is ready to take the cost[1].

To some extent, Friedman’s stand on social responsibility matches what IPCC advocates for. Since an executive officer does not have the power to decide on such things, corporations should embrace social responsibilities by creating organizational policies to implement them. This means corporations should authorize their agents to embrace social responsibilities during their operations and embrace the cost associated with the same. According to Friedman, corporation agents are only required to follow basic rules as defined by the law and ethical norms. IPCC affirms this by advocating for the formation of rules or government regulations that demand environment conversation. Based on those laws, industries must devise ways to control the amount of emission they produce, or incur carbon tax among other charges. When such laws are implemented, then it becomes easier for all corporations to be socially responsible simply by observing basic societal laws imposed by the governments.

One of the main differences between IPCC and Friedman’s view is that in IPCC, human activities are regarded as the main cause of climatic change. Control of human activities through being responsible for own actions would make a great difference in reducing this effect. So according to IPCC companies should find a way to confirm their emission which include trapping the gases and store them in underground archives. Friedman, on the other hand, does not think corporations should consider adding to their cost due to social goodness. Making a profit should be their core goals, and thus, if not forced, they should ignore such activities. Such an attitude in IPCC views are among the main cause of the negative climatic change experienced today and its change can ensure control of excessive greenhouse gases emission[2]. While IPCC calls for taking responsibilities at individuals’ operational levels, Friedman calls for ignoring such cost if not forced by the law to incur them. In Friedman’s view private, free enterprises do not have any responsibility toward the society, but toward the owner. This statement discourages any small move to reduce pollution for the sake of our environment, and encourage working without employing any measures that would increase operational cost and reduce profitability. On the contrary, IPCC believe observing human activities at individuals’ level can play a great role in reducing greenhouse gases emission in the world. The two thus show consensus in some issues and disagreement in others.

References

Friedman, Milton. “The Social Responsibility of Business is to Increase its Profit.” The New York Time Magazine, 1970 September.

IPCC. “Fifth Assessment Report – Synthesis Report.” 2015 December. https://www.youtube.com/watch?v=fGH0dAwM-QE

[1] Friedman, Milton. “The Social Responsibility of Business is to Increase its Profit,” The New York Time Magazine, 1970 September.

[2] IPCC. “Fifth Assessment Report – Synthesis Report,” 2015 December. https://www.youtube.com/watch?v=fGH0dAwM-QE

Related:

What are the Values and Assumptions of Business Strategy?

What are the Values and Assumptions of Business Strategy?

Question

Summary:

Philip Roscoe argues that economic thinking has become very influential within modern society, and this is certainly true in the area of management and corporate strategy. What underlying assumptions stemming from economic theory can you identify in the article by Peter Cohan?  Describe why they are underlying and whether they are reality or value assumptions?  Finally, discuss whether you agree with the assumptions you identified.  Why or why not?Note: This newspaper article is very similar to the type of article that will appear on the midterm exam. It is strongly recommended that you practice with this article in preparation for the midterm. This is not to be submitted and will not be graded, but will be discussed in class. The midterm exam question is as follows:

Read the newspaper article below and then respond to the following questions in the exam booklet provided:

  1. a) Using your own words, state the primary claim that is being made in the article and identify any secondary or related claims. (?5 marks)
  2. b) Then critically evaluate the evidence provided by the author using the terms and concepts taught in this course. (?10 marks)
  3. c) Next, identify any underlying assumptions you think the authors hold. (?5 marks)
  4. d) Finally, discuss whether you think the author’s claims are valid and convincing and use your critical analysis above to defend your response. (?5 marks)

Sample paper

What are the Values and Assumptions of Business Strategy?

According to Roscoe (2014), economic thinking has turned to be highly influential in the modern society. Some of the most affected areas include decisions made as consumers that extend to family relations, health, and education. According to Roscoe (2014), people are ready to sway their moral duties and molarity in an effort to justify economically customized self-interest. This is Roscoe’s view normally results in limitations in the forecasting of the future by creating financial recessions and excess environmental threats across the globe.

What underlying assumptions stemming from economic theory can you identify in the article by Peter Cohan?

Cohan’s (2017) article reflects on opposing changes taking place in two different companies in the same business environment; Amazon and GE.  While Amazon is growing and acquiring other companies, GE is recording negative growth with a decline in shares value. The underlying assumption that can be identified to stem from Cohan’s article’s economic theory is that the choice made on business portfolio to grow and which one to discard play a great role in determining the company’s ability to survive, grow and gain financial sustainability in the future. Wrong mover negatively affects the company after a short while. However, a well-calculated business mover with an effective analysis of its ability to grow and areas in the market to take advantage of can give a company a strong foundation of experiencing a great level of growth in the future, even when other businesses experience business strain.

 Describe why they are underlying and whether they are reality or value assumptions? 

The assumptions are important or underlying because they give a business a direction to take in the quest for growth and expansion. Business is built by making strategic decisions that determine the new changes that must take place to promote growth. The results of these changes are highly characterized by how well the strategic move was calculated. The assumptions can never be 100% accurate. However, they are value assumptions that are likely to bring positive change if well thought of and well informed. However, it is always important for an organization to know that situations do change with time. In this regard, new moves should be made frequently to address changing market situation to safeguard the business position in the market. This means, while the assumption may be real for a certain time, this situation is not permanent. GE according to Cohan (2017) managed to make positive growth with their new strategy of growing unique business portfolio, while discarding the common one. However, this also failed after sometimes. Things change with change of market situation and other external business environment, and hence the organization executives must remain alert and ready to make adjustments while needed.

Finally, discuss whether you agree with the assumptions you identified.  Why or why not?

I highly agree with the identified assumptions. The success in any business is highly determined by the steps taken to make change. Business growth is determined by understanding the business and understanding the market and using this understanding to make business changes that address gaps in the market. Once the right move is made, there is nothing that can stop growth and taking advantage of the market loophole for a while. However, it is important to note that no situation is permanent. In this regard, the executives need to continue studying their business and market to keep on making viable changes so as to maintain the business survival, financial growth, and competitiveness in the market.

 

References

Cohan, P. (2017 Jun, 26). Wall & main: GE, Amazon, and the future of corporations. Telegram. Retrieved from https://www.telegram.com/news/20170626/wall-amp-main-ge-amazon-and-future-of-corporations

Roscoe, P. (2014). I spend therefore I am: how we all become economic. Random House Canada

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Jim’s annual review

Physical Development Milestones

Physical Development Milestones

Girl 1 seems to have achieved some of the age-appropriate physical developmental milestones. She is yet to achieve some of the balance milestones. Girl 1 was able to walk for over 10 feet without falling. Standing on one foot for five seconds proved difficult for Girl 1. Girl 1 was not able to walk while balancing a book on her head. With regard to locomotion, she walks up or down the stairs one at a time. She wobbled while waking backward meaning she is yet to achieve fully locomotion milestones. Further, she was unable to cut paper in a straight line, draw a person, button a button, or even tie her shoes. A possible wellness activity to improve her balance might involve proper diet and more play or games. Proper diet and outdoor activities may hasten the achievement of various physical developmental milestones such as balancing and locomotion (Meggitt, 2007).

Girl 2 has achieved most of the developmental milestones for her age. With regard to balance, she has achieved most of the milestones. Nevertheless, she was unable walk while balancing a book on her head. Girl 2 has achieved all her locomotion milestones. However, she is yet to achieve all her fine motor skills. She was unable to cut a paper in a straight line, draw a person, button a button, or tie her shoes. A possible wellness activity for Girl 2 is learning through fun activities (Isbell, 2010). It is possible to teach Girl 2 how to button her blouse, tie her show, draw a person, and even cut a paper in straight line. Encouraging her and helping her to button her button will ultimately see her learn how to do it. Parents should encourage her to perform each activities in a playful way.

Boy 1 is yet to achieve some of the balance milestones. She was not able to balance on one foot for 5 seconds. He also had difficulties maintaining balance while standing on one foot and clapping hands. Lastly, he was unable to walk while balancing a book on the head. With regard to locomotion, boy 1 walks up or down the stairs one at a time. Boy 1 was unable to walk backward for 10 feet. Boy 1 has not achieved some fine motor skills. Boy 1 made an effort in drawing a person. He reaches out with his right hand, which is an indication of improvement in fine motor skills. He was unable to cut paper in a straight line, button his shirt, and tie his shoes. An appropriate wellness activity for Boy 1 would be teaching him how to grasp. Boy 1 should play with toys that have knobs, dials, and switches. This is critical in helping him develop grasp. With a proper grasp, Boy 1 can improve his fine motor skills such as drawing. It is important to encourage Boy 1 in the activities he engages, for instance, trying to tie his shoes. This should be done regardless of whether he ties shoes in the wrong way.

Boy 2 has achieved most of the balance skills for his age. With regard to balance, Boy 2 has achieved most of the milestones. However, he was unable to walk while balancing a book on the head. Boy 2 has achieved most of the locomotion milestones. Boy can walk up or down the stairs using alternate feet. He rolls on his right-hand side. Boy 2 has achieved most of the fine motor skills except tying his shoes. An appropriate wellness activity for Boy 2 is threading big beads. This would enable him to improve dexterity and thus learn how to tie his own shoe (Meggitt, 2007).

References

Isbell, C. (2010). Everyday play: Fun games to develop the fine motor skills your child needs for school. Silver Spring, MD: Gryphon House.

Meggitt, C. (2007). Child development: An illustrated guide; [birth to 16 years]. Oxford: Heinemann Educational Publishers.

ECH-235 Physical Ability Assessment

Girl 1 – Age:___4__ Girl 2 – Age: __4.5___
  Balance
Walk 10 feet.  

 

 

Girl 1 successfully walked for 10 feet without any problem.

 Girl 2 was able to complete the 10-feet walk.
Hop on both feet (note how high the child hops).  

 

 

Girl 1 can hop on both feet for about 2 inches.

 Girl 2 can hop on both feet for about 3 inches.
Stand on one foot for 5 seconds.  

 

Girl 1 was unable to stand on one foot for 5 seconds.

 

 Girl 2 was able to stand on one foot for 5 seconds, although she appeared unsteady during the entire duration.
Stand on one foot and clap hands.  

 

Girl 1 could stand on one foot and clap hands for a few seconds, approximately 2 seconds.

 

 Girl 2 could stand on one foot and clap hands for about 4 seconds.
Walk while balancing a book on the head.  

Girl 1 was unable to walk while balancing a book on her head.

 Girl 2 was also unable to walk while balancing a book on the head.

 

 

Girl 1 – Age:_____ Girl 2 – Age: _____
  Locomotion
Walk up stairs. (Does the child go up one stair at a time or use alternate feet?)  Girl 1 walks up the stairs one stair at a time using the handrail for support. Girl 2 uses alternate feet to go up the stairs, uses handrail for support.
Walk down stairs. (Does the child go down one stair at a time or use alternate feet?) Girl 1 goes down one stair at a time while holding on to the railings. Girl 2 uses walks down stairs using alternate feet and uses railings for support.
Walk a straight line. (Put masking tape on the floor and have the child walk on the tape.)  Girl 1 was able to walk a straight line with ease.  Girl 2 was able to walk a straight line with ease too.
Walk backward for 10 feet.  Girl 1 was able to walk backward for 10 feet though she wobbled in a number of steps.  Girl 2 was able to walk backward for 10 feet.
Lie on the floor and roll like a log (note the direction).  Girl 1 was able to lie on the floor and roll like a log towards her right.  Girl 2 was able to lie on the floor and roll like a log towards her right.

 

Girl 1 – Age:_____ Girl 2 – Age: _____
  Fine Motor
Observe the child’s hand preference. (Hand the child objects and observe which hand reaches out.)  Girl 1 uses the right hand to reach out to objects.  Girl 2 uses the right hand to reach out to objects.
Cut paper in a straight line. (You might model this, but do not draw a line on the paper.)  Girl 1 was unable to cut paper in a straight line.  Girl 2 was also unable to cut paper in a straight line.
Draw a person.  Girl 1 made wavy lines in her attempt to draw a person.  Girl 2 scribbled on her paper.
Button a button.  Girl 1 was unable to button her blouse.  Girl 2 was able to button two buttons on her blouse.
Tie a shoe.  Girl 1 could not tie her shoe. She was adamant to try. Girl 2 tried to tie her shoe but she was unable.

 

 

 

Boy 1 – Age:__4.4___ Boy 2 – Age: _4.8____
  Balance
Walk 10 feet.  

Boy 1 was able to walk 10 feet without any problem.

 

 

Boy 2 was able to walk 10 feet without any difficulties.
Hop on both feet (note how high the child hops).  

 

Boy 1 could hop on both feet for about 3 inches.

 

 Boy 2 could hop on both feet for about 4 inches.
Stand on one foot for 5 seconds.  

 

Boy 1 could not stand on one foot for 5 seconds. Boy 1 lost balance after about 3 seconds.

 

 Boy 2 was able to stand on one foot for more than 5 seconds.
Stand on one foot and clap hands.  Boy 1 had difficulties maintaining balance while standing on one foot and clapping hands.  Boy 2 was able to stand on one foot and clap hands.
Walk while balancing a book on the head.  

 

Boy 1 was unable to balance a book on his head and walk at the same time.

 

 

 Boy 2 could not walk and balance a book on the head.

 

 

Boy 1 – Age:_____ Boy 2 – Age: _____
  Locomotion
Walk up stairs. (Does the child go up one stair at a time or use alternate feet?)  Boy 1 can walks up the stairs one stair at a time and using the handrail for support.  Boy 2 could walk using alternate feet.
Walk down stairs. (Does the child go down one stair at a time or use alternate feet?)  Boy 1 goes down one stair at a time with his hand on the handrail for support.  Boy 2 can go down the stairs using alternate feet. Boy 2 can go down without using the handrail albeit slowly.
Walk a straight line. (Put masking tape on the floor and have the child walk on the tape.)  Boy 1 was able to walk a straight line along the masking tape.  Boy 2 was also able to walk a straight line.
Walk backward for 10 feet.  Boy was unable to walk backward for 10 feet. He made a step and lost his balance.  Boy 2 was able to walk backward for 10 feet
Lie on the floor and roll like a log (note the direction).  Boy 1 could lie on the floor and roll like a log on his left-hand side.  Boy 1 could lie on the floor and roll but on the right-hand side.

 

Boy 1 – Age:_____ Boy 2 – Age: _____
  Fine Motor
Observe the child’s hand preference. (Hand the child objects and observe which hand reaches out.)  Boy 1 reaches out with his right hand.  Boy 2 reaches out to objects using his right hand.
Cut paper in a straight line. (You might model this but do not draw a line on the paper.)  Boy 1 was not able to cut paper in a straight line.  Boy 2 was able to cut paper in an almost straight line.
Draw a person.  Boy 1 was able to draw a figure resembling a person –a head with arms and legs coming out, no body.  Boy 2 was able to draw a person – head, body, and limbs in their proper position.
Button a button.  Boy 1 had difficulties in buttoning his shirt.  Boy 2 was able to button his shirt albeit he took time.
Tie a shoe.  Boy 1 was unable to tie his shoe.  Boy 2 could not tie his shoe although he took great effort in trying to do it.

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Developmental Case Study on Kayla and David

New Hires

Question

you are a HR manager at a company.you need to hire 3 new people( one front desk person as a customer service assistant, the other 2 will work on the production line.) give at least 5 places you would recruit for each position and explain why each place would be a viable option.

Sample paper

New Hires

There are various viable options for looking for new hires to fill available vacancies in the organization. The source for the recruit may influence the chance of getting the best person for the job. The five places I would look for hiring a customer service assistant are recruiting firms, use of flyers, the company’s webpage, online services such as LinkedIn, and religious organizations.

Recruiting firms are a rich source of qualified employees (Vashisht, 2006). Contingency firms tend to place qualified recruits since they receive payments once the employee qualifies for the job. Flyers can be a great way of attracting qualified customer service assistants. The company can place flyers at the establishment especially if many customers access the establishment. The company’s webpage can also be great for hiring customer service assistants (Vashisht, 2006). Here, the company is likely to meet prospective employees that already have great interest in joining the company. Online services such as LinkedIn, Hotjobs.com, and among others can enable the company to seek recruits at a very low cost. Thousands of prospective employees access online job platforms daily. Local religious organizations can also be a great source of finding qualified candidates and at a low cost. By linking with the religious leaders, it is possible to reach qualified employees.

For the production line position, there is need to seek employees with prior experience due to the sensitive nature of the job. The preferable places are media advertisements, walk-ins, professional organizations, job fairs, and networking. Use of media advertisements is one of the most common methods (Vashisht, 2006). The advantage is that the company is able to reach a large number of prospective candidates to choose from. Professional organizations such as engineer’s institutions may be a good source of qualified and experienced production line workers. Job fairs are suitable when the company wishes to higher employees in a particular field, for instance, engineering, production, information systems, and other fields. At job fairs, the company can be able to interact with prospective employees. Networking involves developing contacts with the community or particular industry (Vashisht, 2006). The company can use these contacts to locate qualified candidates. Lastly, the company can rely on walk-ins, or the unsolicited job applications.

Reference

Vashisht, K. (2006). A practical approach to sales management. New Delhi: Atlantic.

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HR Management