Tag: internal

U.S. Congress enacted the Sarbanes-Oxley Act (SOX) to help prevent lapses in internal control

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Post date January 23, 2024
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Identify a specific tool or technique from those identified in Chapter 19, and discuss how the tool is used in your current or former place of employment. (See some of chapter below)

Business Ethics

All employees within an organization are expected to act ethically in their business activities. Given the importance of ethical behavior to corporations and their owners (stockholders), an increasing number of organizations provide codes of business ethics for their employees.

Creating Proper Incentives

Companies like Amazon.com, IBM, and Nike use complex systems to monitor, control, and evaluate the actions of managers. Unfortunately, these systems and controls sometimes unwittingly create incentives for managers to take unethical actions.

Because budgets are also used as an evaluation tool, some managers try to “game” the budgeting process by underestimating their division’s predicted performance so that it will be easier to meet their performance targets.

But, if budgets are set at unattainable levels, managers sometimes take unethical actions to meet the targets in order to receive higher compensation or, in some cases, to keep their jobs.

In a recent example, the largest bank in the United States, Wells Fargo, admitted that it had fired 5,300 employees for opening more than 2 million accounts without customer approval or knowledge. According to the director of the Consumer Financial Protection Bureau, “Wells Fargo employees secretly opened unauthorized accounts to hit sales targets and receive bonuses.”

Code of Ethical Standards

In response to corporate scandals, the U.S. Congress enacted the Sarbanes-Oxley Act (SOX) to help prevent lapses in internal control.

CEOs and CFOs are now required to certify that financial statements give a fair presentation of the company’s operating results and its financial condition.

Top managers must certify that the company maintains an adequate system of internal controls to ensure accurate financial reports.

Companies now pay more attention to the composition of the board of directors. In particular, the audit committee of the board of directors must be comprised entirely of independent members (that is, non-employees) and must contain at least one financial expert.

The law substantially increases the penalties for misconduct.

To provide guidance for managerial accountants, the Institute of Management Accountants (IMA) has developed a code of ethical standards, entitled IMA Statement of Ethical Professional Practice. Management accountants should not commit acts in violation of these standards. Nor should they condone such acts by others within their organizations. Throughout the text, we address various ethical issues managers face.

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JetBlue have better communicated with its internal stakeholders across the country on Valentine’s Day and during the days that followed to enhance its image with customers?

Case study: “JetBlue Airways”

Answer the following

How could JetBlue have better communicated with its internal stakeholders across the country on Valentine’s Day and during the days that followed to enhance its image with customers?
Should the corporate communications team at JetBlue have arranged for CEO David Neeleman to appear on the national television news and talk show circuit following the crisis? What might be the potential benefits and risks to the company’s reputation?
Would you recommend a corporate advertising program for JetBlue?
If implemented, how would you market the JetBlue Airways Customer Bill of Rights to external and internal stakeholders? How would this affect JetBlue’s reputation?

Around 1000 words

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Analyze internal and external issues

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Post date August 19, 2022
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For the final assignment of this course, you will continue your work with the company you used in previous units. The Unit VIII Project will now combine what you previously developed into a final strategic plan for the company.

When creating your strategic plan, focus on the following points:

Analyze internal and external issues.

Assess global and national competition. Analyze key financial statements, and explain how items such as corporate tax rates can affect your company’s ability to compete on a global scale.

Examine the future outlook for the industry and your selected organization;

Implement performance tools used for measuring business performance.

Integrate corrective actions to take if the business is not performing successfully. Explain how training programs, job enrichment, and motivation techniques can improve employee satisfaction and performance evaluation.

Regarding the future of the organization, you may be creative and add your own insight on where you see the company going. This can include information about how the new product or service line you introduced in Unit IV will impact the company.

Your paper must be at least three full pages in length (does not include the title page or the reference page), and you must use at least two academic sources from the CSU Online Library. Adhere to APA Style when constructing this assignment, including in-text citations and references for all sources that are used. Please note that no abstract is needed.

Continued from order no 562577, 562894, 562979, 563467

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Examine your firm’s internal strengths and weaknesses.

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Post date July 22, 2022
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Instructions

You work as a strategist for your selected Fortune 500 company in the Unit II assignment. As you read through the Required Unit Resources, pay close attention to your firm’s strategy, and write a case study analyzing the following points:

Examine your firm’s internal strengths and weaknesses. How can organizational relationships improve performance in the firm?
Who are your firm’s competitors?
Do you see your firm’s strategy as effective or ineffective? Why?

Your completed case study must be at least two pages in length, and you must use at least your textbook as a reference. Other references may be used as needed. Adhere to APA Style when creating citations and references for this assignment. APA formatting, however, is not necessary

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Discuss the sources of internal marketing data and the pros and cons of using this data

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Post date May 27, 2022
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Module 2 Discussion Board

1. Discuss the sources of internal marketing data and the pros and cons of using this data.

2. Discuss the sources of external marketing data and the pros and cons of using this data.

3. Finally, describe which source of marketing data you believe is most reliable and why.

Discussion Requirements:

· Please ensure that the discussion question response is substantive in nature, which includes a minimum of 350 words.

· Please avoid writing the minimum. Make sure that the response is topic-specific, relevant to the course material, and supported by outside academic sources through the use of in-text citations with the inclusion of a reference section

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Identify the external and internal forces that drive organizational change in your field or industry.

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Post date January 29, 2022
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In a written paper of 1,400 words, evaluate the current forces driving change in your field or industry. As a leader, or considering the role of a leader, assess your organization and evaluate how well it is responding to the forces, and identify where there is a need for change. Develop a vision to inspire this change. Include the following:

Describe your organization, including the organization’s mission, and identify the various stakeholders.

Identify the external and internal forces that drive organizational change in your field or industry. Explain the origin or reason for these internal or external driving forces. Explain how these forces directly affect the viability of your organization.

Choose one of the driving forces. Describe the specific issues this driving force creates, or will potentially create, for your organization or department.

Propose the steps needed for your organization or department to respond to this driving force.

Predict how employees at various levels in the organization will respond to your proposed change initiative.

Develop a vision for change. Describe how this vision correlates with the organization’s mission, and how you will present this vision to internal stakeholders.

Predict how you think your vision will assist internal stakeholders in supporting the change initiative. Identify potential considerations posed by stakeholders, and discuss how you will respond

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Tags change, drive, external, forces, identify, internal, organizational

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Identify the organization’s internal strengths and weaknesses;

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Post date January 20, 2022
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4 pages 4 references

Each case study should be a mini-case study, in that it will not encompass all of the elements of a full formal case study, but that focuses on these specific elements:

· Briefly introduce the issues of the case. Do not spend a lot of space on the history, development, and growth of the organization over time. We have all read the organization’s Baldrige material.

· Conduct a SWOT analysis:

· Identify the organization’s internal strengths and weaknesses;

· Identify theopportunitiesandthreatsinthe external environment surrounding the organization; and

· Identify what appears to be the strategy pursued by the organization and assess whether it fits effectively with the organization’s SWOT factors.

· Analyze the innovation status of the organization, considering all of the following:

· Product innovation (introduction of a new or improved good or service in either characteristics or use);

· Process innovation (installation of a new or significantly improved method for production or delivery, including techniques, equipment and/or software);

· Marketing innovation (utilization of a new marketing method with a significantly different design or packaging, product placement, product promotion or pricing [the 4 P’s]);

· Organizational innovation (modification to the organization’s business practices, workplace organization or external relations in such a way as to influence competitive advantage); and

· The barriers to innovation and the strategies the organization used to overcome them and their effectiveness.

· Assess the economic consequences of the organization’s innovations and overall strategy:

· Upon organizational performance; and

· For various stakeholders of the organization.

· Respond to any issues and questions:

· That are germane to concepts we are studying in the course (Cases have been chosen and placed where they are in the course because they illustrate important principles that we are studying); and also

· Those that are specific to the specific Case Study Assignment

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· Identify the organization’s internal strengths and weaknesses

Post author By admin
Post date January 19, 2022
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4 pages and 4 references check the attachment mini-case study paper

· Conduct a SWOT analysis:

· Identifytheorganization’sinternal strengthsand weaknesses;