Every Child Deserves a Blissful Life. Essay -- child abuse, parents, ab

Most parents and other caregivers do not intend to hurt their children, but the effect on the child defines abuse, not the motivation of the parents or caregiver. Abuse comes in many forms and the statistics prove how alarming the issue is, â€Å"Every year there are 3.3 million reports of child abuse involving nearly 6 million children†.(Source F) It is immensely difficult to imagine what would make adult use violence against a child. Parents have the responsibility to nurture, raise, and discipline an offspring. However, the definition of the term discipline is differently interpreted by parents. Children will misbehave and teaching the difference between right and wrong and not resulting to forms of abuse .Some go to extreme measures to discipline a child, thus creating deep physiological problems. Child abuse needs to be prevented and the government should intrude to insure the safety of the children and of future generations. Caused by different things, abuse comes in many forms and can be preventable. Verbal and emotion abuse often coincide with physical abuse and neglect. â€Å"Child abuse usually starts with a desire for the abuser to have control†. (Source E) In order to gain control with the child the abuser results to violent and abusive tactics. Different people might have different ideas of what a child should experience, do, and become therefore â€Å"Unrealistic expectations of a child†. (Source E) often coincides with forms of abuse. Parents and caregivers take out anger on a child and create an unhealthy environment to live in. Instead of bringing up a child with love and happiness â€Å"This family member, who most likely is supposed to take the role of protector and provider, is instead hurting his or her children physically and... ...ren for the real world parents should bring up their children to respect others, take on responsibilities and treat others kindly. No parent should ever hurt their child and to better protect children at the risk of severe harm, the federal government should stricken child protection laws and work for change. Every child deserves a worry-free life. Children are the future and child abuse prevents kids from growing up in a safe and healthy environment. Discipline is necessary in parenting however a line needs to be drawn where the discipline stops and the abuse begins. Any form of abuse is horrifyingly wrong and needs to cease to a stop. Children need to be protected from the monsters that hurt them. â€Å"1,545 children died as a result of abuse and neglect†. (Source F) There is no need for that many deaths. A child is a child, and that child deserves a happy life.

Ge Case Study

Date: April 27, 2009 Course 5130: Strategic Thinking Session 3 Assignment: GE Case Study The culture at General Electric, before Jack Welch assumed his role as CEO in 1981, was highly decentralized, where significant emphasis on strategic planning was levied on 43 Strategic Business Units. However, Jack’s vision of changing the culture of the company was a priority to him. As a result, Jack began the culture change by replacing 12 of his 14 business heads. He replaced them with new managers who had a strong commitment to the new management values, with a willingness to break from the old culture, and had the ability to take charge and bring about change. Welch wanted to reflect a management style of openness, candor, and one of facing reality. In addition to the culture change, he wanted the culture to be characterized by speed, simplicity, and self-confidence. Instead of continuing with the old style bureaucracy characterized by large corporation, Welch wanted to create a culture of small companies where everyone had a voice and felt engaged in their business. One of the initiatives Welch implemented in the late 80’s, which was instrumental to changing the culture at GE, was called â€Å"Work-Out†. This process was designed to get unnecessary bureaucratic work out of the system while creating a forum in which management and employees could work out new ways of dealing with each other, and cut out the bureaucracy. This open style forum would bring 40 to 100 employees together to share their views about their business and how it might be improved. The â€Å"work-out† consisted of three-day sessions where employees would get the opportunity to lists all of their problems, debate solutions to these problems, and prepare presentations. On the 3rd day of the session, the employees would make their recommendations and the process would require the bosses to make decisions on the spot in front of every employee and their peers. Welch also focused of realigning skills sets and changing the mindset of his employees with GE’s new strategy and organizational imperatives. Because of this new demanding environment, some employees felt overworked and there was some residual distrust from the layoffs that took place during the 80’s; hence, he recognize this challenge and felt the need to redefining his commitment to his employees. As a result, a new psychological contract developed which gave a sense to the employees at GE that their jobs were the best jobs in the world. They had the best training and development resources, and they provided an environment committed to providing opportunities for personal and professional growth. Another initiative Welch took on, as a way to shock the culture at GE, was by introducing the notion of â€Å"stretch† to set performance targets. In addition to setting their basic targets, managers were asked to set stretch goals for their businesses as a way to reach for a higher mark knowing that they would be rewarded handsomely if they hit these goals. Within a year of introducing stretch goals into the organization, GE was reporting significant progress in areas such as inventory turns and operating margins. Finally, one of the last cultural changes Welch was able to integrate at GE was having a boundaryless company. This vision is characterized by an â€Å"open, anti-parochial environment, friendly toward the sharing and seeking of new ideas, regardless of its origin. He envisioned removing all barriers amongst disciplines and operations, and one that removed labels in titles and hierarchy chain. Equally important to having a boundaryless company was changing the internal mindset of selling products to helping their customer to win. In order to make all of these cultural changes, Jack Welch needed to make human resource changes which will allow him to execute on his vision to be the best company in the world. He introduced the 360degree feedback process where employees were graded by his or her manager, peers, and all subordinates on a 1 to 5 scale in areas such as team building, quality focus, and vision. Management went through rigorous appraisals, development, and succession planning reviews named Session C’s. Welch also wanted to make certain that they maintained their best employees. He asked top executives to identify future leaders, outline planned training and development plans, and detailed succession plans on all key jobs. He didn’t like the reward system of insignificant salary increases year after year. Instead, stock options became the primary component of management’s compensation. In their Crotonville facility, priority became to develop a generation of future leaders aligned with GE’s new vision and cultural norms. The place evolved from a training center to a place where teams of managers worked together on real priority issues and decided on results-oriented action. One of Welch’s concerns regarding some of his managers was their unwillingness to embrace the open and participative values he espoused. As a result, he categorized his leaders into 4 different types: ? First type delivers on commitments and shares the values of the organization. This type of leader certainly had a great future at GE. ? Second type was the complete opposite to the previous type. This type of leader did not deliver on commitments nor did he or she share the values of the organization. This individual did not last long at GE. ? Third type of leader misses his or her commitments but shared the company’s values. This individual would be given a second opportunity, most likely in a different environment. The fourth type of leader was one whom Welch, and most top managers, had more difficulty dealing with. This is the type of leader who delivers on his commitments, but does not share the values of the organization. These types of managers are typically characterized by being autocratic, and who forces performance out of their employees as opposed to inspiring his people. These types of leaders were e xposed during the 360 degree feedback process, and were subsequently let go. Finally, Welch envisioned only having â€Å"A† players across his organization. Individuals who displayed a vision, had leadership qualities, were energetic, and displayed courage. These individuals were characterized with the 4 E’s: had energy, could energize others, had an edge about them, and were able to execute their job. As a result, GE ranked their employees into the following 5 categories based on long term performance, also known as the â€Å"Vitality Cure†: 1) Top 10%, 2) Strong 15%, 3) Highly Valued 50%, 4) Borderline 15%, and 5) Least Effective 10% In order to mobilize the organization to develop and execute business strategies, Welch did the following: 1. Reduced bureaucracy by being lean and agile, which resulted in 50% reduction of strategic planning staff. 2. Scrapped GE’s laborious strategic planning system, and replaced it with real time planning. 3. Eliminated â€Å"sector† level managers, previously the powerful level of strategic control. Hierarchy levels went from 9 to 4, and they all reported directly into Jack. 4. Instituted the process of â€Å"Best Practices† or â€Å"Benchmarking†. This process was intended to increase productivity by sharing best practices employed by each business amongst each business. In addition, the implementation of â€Å"Best Practice† resulted in development of effective processes rather than controlling activities; customer service was their main gauge of performance; treating suppliers like partners; and an emphasis in providing a constant stream of high quality new products designed for efficient manufacturing. At the end of the day, Welch was regarded as the greatest CEO during his days at GE because he was able to envision, communicate and execute on what he wanted GE to look like. He began by delivering the message that all GE businesses had to be either #1 or #2 in their category, otherwise they needed to disengage. GE took a serious approach to become a global company. During the early to mid-80’s, they made several major acquisitions, and these businesses were responsible for implementing their own plan appropriate to their particular needs. Welch, however, remained very involved with these companies, and he also applied the standard of excellence where they needed to be either #1 or #2 in their business. Welch also wanted to reduce the amount of dependence on the traditional industrial products, which resulted in a new business strategy initiative of pushing for product services. By the supplement the traditional industrial products with added-value services, Welch believed that services would present the biggest growth opportunity for GE. This new initiative led to a number of acquisitions. Benchmarking with companies such as Motorola and Allied Signal, Welch understood how the Six Sigma quality initiative these companies had been utilizing could significantly impact GE. Six Sigma was a discipline, statistic-based system aimed at producing not more than 3. 4 defects per million iterations for any business process†¦from manufacturing to customer transactions. One of GE’s early successes in utilizing the Six Sigma process was in its Lighting division, where the use of Six Sigma was credited for cutting invoice defects and disputes by 98 percent. On his final days at GE, Welch introduced his last business initiative targeted at GE’s e-business. The program called â€Å"destroyyourbusiness. com†, or â€Å"dyb. com†, provided focus and challenged each business to look for opportunities via the internet within their own business. Welch felt the opportunities through this medium loomed large, and Welch was very pleased with the early results. Without a question, Jack Welch made a significant mark during his time at GE both professionally and in society. He changed the way businesses are managed and operated, and he left a legacy of future managers whom have moved on to lead large corporations. Unfortunately, some of them have not enjoyed the same success Welch experienced. Nonetheless, it is impossible to deny Jack Welch’s impact on the global business during his time at General Electric. Porter’s Five Forces We, at Thomas & Betts, are constantly battling against all 5 of Porter’s forces. Following are examples on how our business is impacted by these forces: 1. RIVALRY – We certainly view companies such as Cooper Industries and Hubbell as our primary rivals. For the most, one of us controls a big a portion of the business at the electrical distributors. Because of the legacy products our companies were built on are so similar, our customers tend to use price as a way to get what they want. As a way to combat pricing pressures, our focus is to bring new products to market providing financial benefits, such as labor savings, to the end-user. . THREAT OF SUBSTITUTES – Unfortunately, there are a significant number of competitors that we compete with in every product line we manufacture. Many of these competitors do not have the capacity or product breadth Thomas & Betts has, and that’s the value proposition we offer to our customers. The ability to purchase multiple electrical lines, and placing it in one order, having one shipment, and paying one in voice. However, it has being difficult to quantify what this means to our customers from a financial perspective. As a result, our customers continue to pin each supplier against each other by using pricing, rebates, and/or promotions as a stick to get a better deal. 3. BUYER POWER – Fortunately for us, we have a high level of brand recognition and demand at the end-user level. We work with Specifiers and Engineers to get our products specified on jobs, which gives us leverage when dealing with a distributor on how much business they should award us. 4. BARRIER TO ENTRY – As previously mentioned, one of the barriers of entry in our industry is controlled by what type of brand or product the specs calls for on specific jobs. For the most part, specs list a primary supplier and a substitute brand that allows us to compete in most situations. Another barrier to entry could be at an account where the relationship of the existing supplier is so strong that we’re better off spending our time developing other distributors. 5. SUPPLIER POWER – Once again, the supplier has the power in situations where the end user specifies which supplier they would want to use in a specific job. At that point, the distributor has to work with the specified supplier and the leverage swings in the supplier’s side. Pricing and competitive threats are removed off the table.

The Origins And Central Beliefs Of Islam - 1735 Words

Three Theologies for Thee The origins and central beliefs of Islam, Buddhism, and Christianity should be common knowledge to understand our world today and its history. Islam is an Abrahamic monotheistic religion that professes that there is only one god. Muhammad is the last messenger of the god Allah. It’s the world’s fastest growing religion and the second largest in the world. Muslims make up 23% of the world’s population. Islam teaches that Allah is peaceful, all-minded, and unique, and he has guided mankind through the Quran and and natural signs, along with a line of prophets sealed by Muhammad. The Quran, viewed by Muslims as the verberation of Allah, and the teachings of Muhammad. The origins of Islam can be traced back to 7th†¦show more content†¦They were afraid that trade which they believed was protected by the pagan gods, would deteriorate. From that point forward, Muhammad was shunned in Mecca. For a time, the influence and status of his wife and his uncle, Abu Talib, the chief of the clan, protected Muhammad from persecution. After they died, however, Muhammad s situation in Mecca became dire. (The Prophet Muhammad And The Origins Of Islam) After facing many trials of persecution, abuse, and torture from the Quraish, Muhammad and his followers decided to flee Mecca, and migrate to Medina, where the Medians graciously welcomed them. This major beginning of the Islamic era is called the Hijrah which roughly translated as â€Å"Flight.† In Medina, Muhammad continued to receive revelations and an ever-expanding community around the new faith. The conflict with the Quraish continued but after several violent years of battle, Mecca surrendered. Muhammad and his followers soon returned and took over the city, destroying all its pagan idols and spreading their belief in one God. When Muhammad died in 632, he had not named a successor. One faction, the Shi’a, believed that only individuals with direct lineage to the Prophet could guide the Muslim community righteously, They thought that ‘Ali, Muhammad’s closest surviving blood male relative, should be their next leader. A different faction called the Sunnis, believed that the Prophet’s successor should beShow MoreRelatedAppendix H Monotheistic Religions739 Words   |  3 PagesAppendix H Monotheistic Religion Elements Matrix | Judaism | Christianity | Islam | Countries of origin | * Judaism started at Mount Sinai in Arabia according to history; however, Israel was to be the homeland of the Jews. | * Originated in eastern Mediterranean throughout the life of Jesus Christ, in addition to it becoming the major religion of the Roman Empire by the end of the 4th century | * Islam derived from Mecca before the prophet Muhammad journeyed to Medina. * ArabiaRead MoreCompare And Contrast The Three Pillars Of Islam1157 Words   |  5 PagesPillars of Islam Compared to Christian Beliefs In Islam and Christianity, there are similar and different beliefs and practices. In Islam, the five pillars form the core of the religion. Muslims go about their lives abiding by these pillars (â€Å"Islam†). In Christianity, there are not necessarily pillars, but there are commandments that one should live their life by (â€Å"Christianity†). The three pillars of Islam that will be identified resemble some of the beliefs in Christianity. The declaration of faithRead MoreEssay on Comparison of Judaism and Islam1508 Words   |  7 PagesJudaism and Islam Because of the history of political and religious warfare that has separated them, the underlying unity of Judaism, and Islam is seldom recognized except by scholars. Yet these two great world religions have the same origins, the same central belief in monotheism, and to a large extent the same genealogical and scriptural authorities. It is in a greater sense a tale of two sons or two brothes. 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Lumantas Submitted by: Cresinte Gumilao Subject: History 3 Day and Time: T-Fr 4:00-5:30 School: MSU-GSC Date: March 10, 2011 Part 1. Summary Inside Islam’s background comes from this often misunderstood faith back to its tradition origins before and within the Hebrew Bible, also providing information about on how the religions central constituents helps spread Islam religious belief throughout the world. This videoRead MoreSimilarities Between Islam And Christianity997 Words   |  4 PagesIslam and Christianity are two largely wide spread religions in the world that have a great impact on their followers, especially in a spiritual manner. Because of originality, values, and unique believes in each religion, their believers respect and try to comprehend each other’s faith. With Christianity’s record 2.2 billion population and Islam’s impressive 1.6 billion population, they both form the bases of their countries laws and are recognized by governments all around the world. Even thoughRead MoreThe Origins Of Judaism, Christianity And Islam Essay1345 Words   |  6 PagesThe origins of Judaism, Christianity and Islam happened within an area of the world that was the center of all nations; the Middle East. These faiths have a core religious belief system that includes religious writings, holy sites and figures. The religion of the Jewish people is referred to as Judaism and is considered one of the oldest religions, beginning over 4,000 years ago in an area of land called Mesopotamia. Abraham, known to the Jews as the father of their faith, entered the land ofRead MoreJudaism, Christianity, and Islam1538 Words   |  6 PagesJudaism, Christianity and Islam Christianity and Islam are the most influential religions in the world. Judaism has only fourteen million followers across the continents which makes Judaism the 12th largest religion. Although Judaism is not as large as Christianity and Islam, It still has an impact on the world. Prophet Abraham is the called in Islam the father of all prophets and because of that, sometimes Christianity, Islam and Judaism are called Abrahamic Religions. There are many known differences

Forensic in Pop Culture The CSI Effect Essay - 1935 Words

Introduction. With producing reality shows comes producing inaccuracies in portrayals in order to reach as many viewers and gain as high ratings as possible every week with each new episode. Every day life is boring, yet people tend to be attracted to the relatable shows that portray real life in eccentric ways – ways that they believe could be imitated by the average person. In many cases, these shows could remain harmless, as it is entertainment. No matter how crude or erroneous, it is just television. However, what happens when these sources of amusement actually start being damaging? Research has shown that crime shows like the ever popular CSI: Crime Scene Investigation have started becoming significantly detrimental to criminal†¦show more content†¦There is even an interactive exhibit known as â€Å"CSI: The Experience† in Orlando, Florida where people can pay to try out their investigative skills in crime scenes and laboratories similar to ones that real forensic specialists use. If you search through your television guide, you will see at least three of these shows on at the same time on different channels, many even having all-day marathons for you to enjoy on Saturday morning. Simon Cole and Rachel Dioso-Villa have analyzed that many of these fictitious programs attempt to make science â€Å"sexy,† which may be the reason why we are so attracted to them. The scientists look stylish at all times; wearing nice suits or dresses out on the field or in the laboratory, having normal work days, finding everything they need, having all of the state-of-the-art equipment and staff they need, and more importantly, they get everything done quickly and effectively. This glamorous, action-packed lifestyle gives a false sense of what the career itself actually entails, which includes giant lab coats, numerous court sessions, understaffed laboratories, no gun, and an abundance of paperwork. CSI: Reality. Not all primetime crime shows are created equal; some bend forensic realities at different degrees than others depending on sub-genre. According to HonShow MoreRelatedEssay about Jurors and Prosecution: Forensics in Pop Culture1264 Words   |  6 Pagespertaining to forensics in pop culture in the courtroom. This conversation has become a growing topic of interest over just the past few years since these crime shows first started appearing on the air. Forensics in Pop Culture. What exactly are these shows that are causing so much controversy in the criminal justice and forensic science fields? The more well known CSI: Crime Scene Investigation, reeling in almost 60 millions views a week (Cole Dioso-Villa 1), and all its spin offs including CSI: MiamiRead More_x000C_Introduction to Statistics and Data Analysis355457 Words   |  1422 PagesExperimental Design 51 2.5 More on Observational Studies: Designing Surveys (Optional) 56 2.6 Interpreting and Communicating the Results of Statistical Analyses 61 Activity 2.1 Designing a Sampling Plan 63 Activity 2.2 An Experiment to Test for the Stroop Effect 64 Activity 2.3 McDonald’s and the Next 100 Billion Burgers 64 Activity 2.4 Video Games and Pain Management 65 Graphing Calculator Explorations 69 3 Graphical Methods for Describing Data 75 3.1 Displaying Categorical Data: Comparative Bar

Taking a Look at the Great Recession - 782 Words

Many economists have come to consider the 2008 financial crisis as the worst recession since the 1930’s Great Depression. The recession led to the total collapse of financial institutions, the withdrawal of banks by the national governments and the total collapse of stock markets across the world. The housing market also suffered in many areas, which resulted in prolonged unemployment, evictions and foreclosures. The crisis played a key role in the failure of significant businesses, the decline in the wealth of consumers, estimated in trillions of American dollars, a downturn in economic activities and the debt crisis of the European countries. On 9 August 2007, the Banque National de Paris (BNP), a French bank and financial company whose global headquarters are located in London, stopped withdrawals from three hedge funds citing a total evaporation of liquidity. This marked the beginning of the active phase of the crisis. In 2007, the bursting of the housing bubble of the U.S was at its peak. The bursting resulted in plummeting of security values tied to the U.S. real estate pricing. The complex interplay of policies that provided easier lending of loans, overpricing of sub-prime mortgages, on a theoretical basis that the prices would continue to increase, and inadequate capital holdings from insurance companies and banks to back their financial commitments contributed to the bursting of the bubble (Boatright, 2010). During 2008, securities suffered huge losses due toShow MoreRelatedThe World s Economy Was Devastated1732 Words   |  7 Pages Assignment 4 GEOG200 Bradley Bache 3129292 Submitted September 10, 2015 In 1929, the western world’s economy was devastated. With the crash of the United States Wall Street, the realm drove into what is now known as the â€Å"Great Recession†. Its neighbour to the north, Canada also felt these affects as unemployment and poverty grew. 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Monitor Corporate Governance Activities for ABC - myassignmenthelp

Question: Discuss about theMonitor Corporate Governance Activities for ABC Learning. Answer: Introduction ABC learning was recognised was recognised for its excellence in providing early childhood educational services. The listing of this company was seen in Australian securities exchange with total market capitalisation of AUD $2.5 billion as on March 2006. The company faced sub-prime mortgage crisis due to debt repayments and signing off on the financial reports citing which needed to be casted as per previous years of the profits (McGrathNicol, 2017). Determination of whether organisation complied with the existing legal and accounting standards It has been discerned that the main accounting standards complied by ABC learning during the period of 2007-2008 was as per Corporations Act 2001. It has been further determined that the remuneration report was prepared as per section 300A. The presentation of the financial statements where done as per accounting standards AASB 101 (Asic.gov.au, 2017). Accessing of the audit reports, the methodologies applied and the recommendations The conduction of the audit has complied with the independence requirement of Corporations Act 2001. The financial report of A.B.C learning has been conducive in presenting a true and fair value of groups financial position as on 30th June 2007. However the main concern was arise due to the dramatic expansion which ultimately led to company being defunct. In addition to this, the company was pleaded guilty for failure to enclose and was fined with an amount of $ 1300. The consolidation of the financial report is also seen to comply with international financial reporting standards as per the disclosures made in Note 1. As per the recommendations made by the auditors on AASB 124 the remuneration disclosure has been contained in the directors report. As per the opinion of the auditors it has been discerned that the company is subject to audit and complied with the aforementioned accounting standards (Ferrierhodgson.com, 2017). Review of internal organisational practices along with corporate governance obligations The review of the internal organisational practices has been identified with the corporate governance statement. Some of the main obligations of corporate governance have been discerned with commitment for spending sufficient time in carrying out the necessary duties as a director, maintaining confidentiality with the legal requirements and ethical standards and continuous disclosure of coordinating with the ASX rules of the company. Some of the other form of internal organisational practices has been discerned in form of giving independent professional advice and regular performance review and evaluation. Identification of appropriate regulatory authority Some of the main forms of the regulatory body of the company have been identified with Regulation Impact Statement (RIS), which is responsible for providing financial information to assess and monitor the financial viability on a regular basis. This is also responsible for creating new aesthetic power for enabling independent audit of childcare provider and associating the concerns about financial viability. And the regulatory authority has been discerned with new National Quality Framework (NQF) for the purpose of early child care and education. This has been identified with a total funding of $ 1.9 million to help achieve the ongoing stability in childcare facilities. The various types of internal role have been assessed with external management consultants and the audit committee. Reviewing the content of internal financial reports, statutory returns and processes As per the review of the internal financial reports and statutory return has stated on the $ 1.78 billion loss in the financial year 2008, although the company was in the position of insolvency in the mid 2007 itself. The final drafts for the FY June 30, 2008 has resulted in total impairment charges of $1.168 billion, and a $364 million loss due to the disposal of the majority stakes in the US business in ABC. Performance indicator signifying compliance with corporate governance requirements Based on the findings of the performance indicator it has been discerned that the company is seen to comply with setting and formulation of appropriate strategy for the operations. The company has been further identified to review the entire system as per the compliance control and adherence with the accountability systems. It has been further identified to be associated with appropriate measures related to delegation of authority. Some of the other areas of the CG practices as per the performance report have been evident with providing formal policies for the appointment of the directors and contribute to the expectations. Revealing made in performance indicator of the company with regard to key result areas On 12 December 2006 ABC learning centre was identified as the largest childcare provider in US. In addition to this, with the acquisition made in U.K.s Busy Bees Group, Ltd, the companys expansionary measures were seen to be aggressive in outsourcing of childcare services and including employees from Australian Department of defence. On March 2008, the company announced major sponsors as Adelaide 36ers an further sold their 60% of childcare business to Morgan Stanley. Built on the performance indicators, the company voluntarily liquidated in the same year and was acquired by good start childcare in December 2009. It has been further seen that the company was rebranded as good start "Goodstart Early Learning", and registered charity owned by Brotherhood of St Laurence, Mission Australia, The Benevolent Society and Social Ventures Australia. Evaluating information technology indicators along with key result areas The key use of the information technology has been performed with distribution of dividend as per date paid, dividend per share and total dividend. The company has been further seen to protect the groups financial asset and adverse market fluctuations by hiring of a special personal for IT. The directors performance has been further seen to be structured in an orderly manner with the use of information technology. This is evident with including elements of remuneration and adherence of the same as per non-executive directors, the directors and Australia senior executives. Report plans needed to ensure compliance requirements are met within the deadline As per the compliance requirement, the companys income statement and interest expense has been classified in the balance sheet and the convertible preference shares were converted to ordinary shares within the same time period. The developers of the business took the initiative of purchasing Judas private limited with the diary getting worse pricing of not less than $ 26.8 million. This has been seen to be adjusted as per five-year CPI (Rlf.com, 2017) Description of main failures in compliance which have occurred and remedy for the same The company was identified as one of the largest publicly listed childcare service provider with market capitalisation of more than $ 4.1 billion. However, there was an unexpected drop of 42% profit in 2007 and inability to repay a debt amount of $ 1.8 billion which finally triggered the downfall of the company. The main remedy for this could have been taken with a more stringent policy for estimating the date for a particular financial year and improving the liquidity aspects such as keeping more current assets than current liabilities (Mondaq.com, 2017). Conclusion The report has been able to establish the fact that although ABC learning centre and adhered to the appropriate accounting standards and internal corporate governance structure, there has been several controversies associated to increasing debt servicing obligations and auditors failing to sign of its accounts. The main form of problem was seen with reliance on external capital supported equity ended investors and further leading to liquidity crisis. The CG practice of ABC learning centre has been further identified to review the entire system as per the compliance control and adherence with the accountability systems. References ABC Learning | ASIC - Australian Securities and Investments Commission. (2017).Asic.gov.au. Retrieved 9 November 2017, from https://asic.gov.au/about-asic/media-centre/key-matters/abc-learning/ ABC Learning Centres Limited - McGrathNicol. (2017).McGrathNicol. Retrieved 9 November 2017, from https://www.mcgrathnicol.com/case-studies/abc-learning-centres-limited/ Asic.gov.au. (2017).ABC Learning | ASIC - Australian Securities and Investments Commission. [online] Available at: https://asic.gov.au/about-asic/media-centre/key-matters/abc-learning/ [Accessed 9 Nov. 2017]. Easy as ABC Insolvency and the Relation-Back Day - Insolvency/Bankruptcy - Australia. (2017).Mondaq.com. Retrieved 9 November 2017, from https://www.mondaq.com/australia/x/251926/Insolvency+Bankruptcy/Easy+as+ABC+Insolvency+and+the+RelationBack+Day Ferrier Hodgson - ABC Learning Centres Limited. (2017).Ferrierhodgson.com. Retrieved 9 November 2017, from https://www.ferrierhodgson.com/au/creditors/abc-learning-centres-limited Third Circuit Affirms Chapter 15 Recognition of Australian Liquidation Proceeding as Foreign Main Proceeding - Richards, Layton Finger - Delaware Law Firm. (2017).Rlf.com. Retrieved 9 November 2017, from https://www.rlf.com/5402

Making it Big Case Study

Table of Contents Introduction Identification of key elements of MIB strategy Identification of the strategies MIB uses Evidences that the strategy is or is not working Conclusion Works Cited Introduction Building strategies is necessary for efficient running of any business Company. The kind of strategy built and implemented determines the level of progress within the Company. Strategies are usually built based on various conditions which may include; the current status of the Company, the Company’s policies and ability to focus ahead based on competitive moves and business approaches.Advertising We will write a custom essay sample on Making it Big Case Study specifically for you for only $16.05 $11/page Learn More The company’s management must have action plan that enables them have competitive advantage over other related companies within the industry. This case study focuses on the strategies that Make It Big Company took for the pu rposes of increasing the Company’s market share and stabilizing its financial base. The effects and implications of the chosen strategies are explored based on business and marketing principles (Winn 185-196). Identification of key elements of MIB strategy One of Make It Big (MIB) Company’s strategies used to bring back customers is the use of mail order roster and increased use of internet where the Company’s product portfolio is posted. The company also embarked on printing more catalogs and went into the business of exchanging mailing lists with other companies. All the strategies applied by MIB focused on growth of the business, attracting more buyers, achieving specific performance targets and also for the purposes of effective competition within the market. Strategies used in the initial stages were based on independent decision making. This was done by MIB CEO. She never made any consultations because she believed in her own leadership capabilities (Winn 185). MIB focused on operations-driven activities which enabled achievement of its goal. These activities included means through which quality of products could be improved, reinforcement of customer service relations and the processes undertaken on resource management (Winn 185-190). The selection of the management team in MIB was basically based on experience and educational background (Winn 194). Identification of the strategies MIB uses Make It Big Company used the idea of partnership, mail order concept and catalogs in accomplishing its goals. The Company’s targets were the fat and oversize women within the society. This shifted their focus to making clothes that could serve the interests of fat people besides making them attractive and more acceptable within the community. The company’s strategy included some political aspect that fought against discrimination based on people’s body size. The strategy focused on improving the self-esteem of the oversize wo men by providing them with comfortable type of clothing.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The company also focused on using skilled employees, for example the CEO employed one of her friend who was very experienced and skilled in sewing. The company utilized the abilities of expert seamstresses through whom they hired more other employees to work for the company. These services offered by other workers provided sufficient work force to the benefit of MIB (Winn 189-190). Make It Big (MIB) Company embarked on manufacturing clothing on order, this was based on different seasonal colors which provided customers with variety of choices. On the other hand the building financial base for MIB depended on personal savings and credit obtained from banks; this enhanced its financial capability. MIB had the initiative of using the mail order in expanding the company’s business ope rations. The advertising strategy used at the start of operations was through the word of mouth and posters which were placed along the road, this ensured the expansion of the mailing list, and hence led to improvement of sales (Winn 190). Frequent attendances on trade shows by the CEO gave the company ability to up-date its manufacturing services and locate new product designs. This made it possible for MIB to obtain materials from different sources based on consumer desires and needs. The Company targeted main categories of wear starting from career, sports, casual amongst other cloth’s categories. MIB sold most of its merchandise through catalogues, sales from website was majorly through the same loyal customers (Winn 192-193). MIB up-graded it’s advertising strategy to incorporate radio and newspaper. They also targeted house parties which helped in improving the company’s sales. In order to counter the high rise of independent retailers within the industry, they resorted into consolidation and strict branding of their products; this idea gave clear identification as well as distinction from other products within the market. Other than branding they focused on regulating prices of their goods and improving the nature of service delivery they rendered to consumers. However, other competitors had invested in the new technology of using computers to give and keep detailed information on customers which assisted in easy mailing since consumers were contacted directly (Winn 192). Personal information on loyal customers was easily accessed and this also created channels on how to reach bulky customers. Incorporation of team building and communication programs were good strategies that helped employees within the company to work as a team, hence driving towards common goal. The good relation amongst employees and between MIB and other business partners favored the Company in terms of cash flow. This contributed towards easy marshalling of res ources and the installation of efficient communication and operating system that made it easier for the management to carry out their activities with lots of ease (Winn 192).Advertising We will write a custom essay sample on Making it Big Case Study specifically for you for only $16.05 $11/page Learn More Evidences that the strategy is or is not working The strategy of beefing up information at the website did not materialize since it only attracted people who never turned up to purchase any of the advertised items (Winn 185). The Company’s CEO commented that she couldn’t manage improving the Company’s performance on her own despite many trials. She needed the help of other advisors from the Company ranks. The CEO realized the necessity of bringing on board fresh blood that could help in making the Company’s prime decisions. MIB proves not to be bottom- line performer since the CEO considered strategy management as secondary to other issues. These strategies at some point were realized not to be in agreement with the Company’s vision (Winn 193). Make It Big had difficulty in predicting what would sell at specific season of the year (Winn 190). The issue of using partnership failed to work at the start since both the partners had conflicting interests and goals, this made Cynthia to buy back her partners shares to allow her be in full control of MIB businesses (Winn 191). The apparel industry experienced great competition from various manufacturers who were interested in making super size range of clothing, most of the Companies operated as joint ventures. This gave a big challenge to MIB since it operated solely under one manager and later recruited other managers who were required to focus only on production processes. The other duties of financial management and overall sales were under the supervision of the CEO. The CEO became ignorant of her main duty of making and creating strategic plans f or the benefit of MIB Company (Winn 193). However, her abilities on financial management assisted the company to carefully monitor cash-flow hence keeping the company’s resources in good check. MIB strategy of recruiting committed and qualified employees ensured efficient implementation of strategies, good management and profitable progress within the company. The managers had the ability of undertaking multiple tasks and responsibilities which at times prove costly on production process due to fatigue. The other contribution of the new management was the up-dating of the computer network which made it easier to operate with customers. The accounting system also realized improvement through the computer system hence made it easier for the management of resources (Winn 195-196).Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Other evidence of strategy not working was the kind of indecision the CEO found herself in. She placed goal achievement as one of the Company’s priority but lacked means on how to achieve the targeted goals. The CEO feared investing in new ventures due to lack of enough skilled manpower that could compete favorably within the markets competitive environment. There was need for recruiting experienced management team that could help in managing risks within the Company. MIB experienced low sales and departure of top managers like the general manager. This was because MIB had difficulty in maintaining and retaining right employees due to poor relations from the CEO, she lacked enough qualifications that could enhance her confidence in such a high position. The CEO reached a point where she was unable to predict the requirements for the Company after expansion. Inability to direct organizational change was very evident; the Company failed to identify general manager with enough e xperience and qualifications who could drive changes through appropriate actions in various sectors like in mailing services (Winn 195). This is because MIB operated on the same principles the Company used when it was starting, the same operating principles could not work any further. For MIB to realize growth and expansion it required adept leadership and different skill from that set when it was starting. This included recruiting new CEO and overhauling the whole management team (Winn 196). Conclusion The management team should have the capability of matching the organization’s structure to its strategies which allows for efficient execution of the Company’s capabilities and competencies. It is necessary for a firm to have a strong resource base which helps in enhancing its capabilities to deliver quality services to consumers as well as competing favorably within the market. Works Cited Winn, Joan. Making It Big case study. Entrepreneurship theory and practice. CA: Baylor University Press, 2004. 185-196. Print. This essay on Making it Big Case Study was written and submitted by user Fernanda Leon to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.