Business Management -----motivation and leadership for one of the Essay

Business Management -----motivation and leadership for one of the campany - Essay Example But McDonald’s sustained itself because of its willingness to innovate and its efforts to attain consistency in the operations of its many outlets. McDonalds business model has been largely responsible for its success. But there is no doubt that its leadership style and its endeavor to identify and develop leadership competencies has equally helped it to achieve success around the world. At McDonald’s maximizing business performance, coaching and communication, improving the performance of teams are the key leadership competencies. The leadership style is a mix of leadership styles with a mix of components of hard skills such as maximizing business performance and soft skills such as coaching and communication that are soft skills. The company is aware that leadership skills must change with changing business circumstances. Hence the management is constantly surveying the external and internal business environment to ensure that the company’s leadership style reflects the current business needs and environment. The philosophy practiced at McDonald’s is to select the most successful features of established leadership and management styles and incorporate them into their business model. This approach seems to have worked when you consider McDonald’s success around the world. The management style has aspects of various management and leadership styles amalgamated into one approach for leading and motivating the organisation. Its approach has features taken from management styles outlined by Maslow, Taylor and Herzberg and the Democratic style of leadership. McDonald’s business model is represented by the â€Å"three-legged stool†. The success of the company is because of the strong alignment forged between the Company, its employees and its franchisees that own and operate the majority of the Company’s restaurants and suppliers who provide the food and packaging. This model focuses on open relationships between the three. The company

Global Convergence and Divergence Research Paper

Global Convergence and Divergence - Research Paper Example The phenomenon of globalization is the inter-connectedness among the various nations of the world on the basis of economic ties, and this has produced convergence or unity and integration of different world systems. According to Thomas Friedman, globalization is the â€Å"inexorable integration of markets, nation-states, and technologies†¦..the spread of free-market capitalism to virtually every country in the world.† McMichael sees the process of global integration taking place on the basis of â€Å"market rule on a global scale†. This process of integration may be producing a global convergence of different organizational systems. Ugeux defines convergence as the manner in which a series of actions are driven towards a central point of reference – a process resulting in a move towards a common set of principles and objectives. Uguex notes that there appears to be a conceptual convergence in the following aspects: (a) the use of a non-ruling approach, wherein recommendations have been made for Companies to follow, which have been mandatorily imposed, yet are in practice being followed by many countries (b) the majority of the Board of public companies must be independent and executives of the Company are not deemed to be independent (c) Members of the audit committee must be independent directors and must not receive fees or compensation from the Companies (d) the audit committee makes the decision on the hiring of external auditors and this is subject to the approval of the directors and shareholders.

Trust and Power within Business Network Essay Example | Topics and Well Written Essays - 2500 words

Trust and Power within Business Network - Essay Example It is critical and strategic issue which needs to be dealt very carefully, this element of trust is vital in all kinds of relationships whether it is within the business or with the external stakeholders. It is very hard to make this trust however one mistake can hurt the reputation very badly and create serious consequences for the future of the business. Power is the acquisition of assets and its control which gives dominance to a party over the other. It is to have the control and ability to influence the decision of the other party. Power has its own benefits and draw backs within a business network. Too much or less of it has its own effects. However it has been seen that where there is trust there is less likelihood of power causing any harm to the social or business network (Group H.R., 2000). When we talk about long term success of the business then this success is dependent on the development of positive networks in the industry. Business networks are an opportunity for the owners of the business and the team of employees to improve themselves continuously. They are a collection of companies linked through agreements for business purposes who work together to get over all benefits for the members in doing so they need to make business dealings and work together and invest and divest money Thinking Made Easy, p21, 2009). A company in the business network tends to learn from one another's mistakes and successes and based on that they derive solutions to their own problems. Apart from the business perspective networking helps in social activities and events. It leads to strong bonds and close relationships with the business partner which is good for the business in the long term (Daft, p110, 2001). The relationship must be enduring and permanent in nature. Trust is by all means the most critical and significant factor in enhancing the relationship and strengthening it. This development of trust comes with the passage of time and honesty in business. It may take a long time period to develop but once it is lost one can end up loosing the chances of success of further business with any particular group or team. Countries all around the world have realized the importance of business networking and the role of relationship building, trust and power within a network. Therefore they have been working on this, such as the Australian has developed a Business Network Program (BNP) for the promotion of networks in Australia. The government has granted $24 million for this in order to increase the competitiveness and growth of SMEs (Australian Government business Initiative, 2009). Trust is a valuable asset for a business and leads to competitive advantage over the rival businesses. Where there is trust then more people would like to work with you. It will lead to increased sales, profits and turnover for the business. Trust gives more power to the business and enhances its market position. Trust facilitates the learning process within a network and moderates the effects of power and makes a positive continuation to the network as a whole. In times of global crises a lot of firms are going through losses but in order to counter the current state of the economy businesses do not stop their production. They operate on debt basis and they are able to get the raw

Corporate Governance in The Kingdom of Saudi Arabia Dissertation

Corporate Governance in The Kingdom of Saudi Arabia - Dissertation Example ance and the Role of Auditors in the KSA 26 Synthesis of the Review 28 Chapter 3: Methodology 30 Introduction 30 Research Approach 30 Research Design 30 Specification of Variables 31 Hypotheses 33 Sampling Technique 35 Methods and Materials 36 Reliability and Validity 36 Data-Collection Procedure 36 Ethical Considerations 37 Method of Data Analysis 37 Conclusion 38 Chapter 4: Results and Discussion 39 Introduction 39 Results 39 Discussion 60 Chapter 5: Conclusions and Recommendations 65 Conclusions 65 Recommendations 67 List of Tables Table 1. Independent and Dependent Variables 31 Table 2. Demographic Traits 32 Table 3. Research Questions with Corresponding Alternative Hypotheses 33 Table 4. Descriptive statistics: Evaluations of corporate governance (Internal Auditors) 40 Table 5. Descriptive statistics: Facets of the auditor’s role influenced by corporate governance (Internal Auditors) 42 Table 6. T-test: Facets of the auditor’s role influenced by corporate governanc e (Internal Auditors) 43 Table 7a. Coefficient of determination: Evaluations of corporate governance vs. overall success of corporate governance as regards the auditor’s role (Internal Auditors) 44 Table 7b. One-way ANOVA: Evaluations of corporate governance vs. overall success of corporate governance as regards the auditor’s role (Internal Auditors) 45 Table 7c. Beta coefficients: Evaluations of corporate governance vs. overall success of corporate governance to the auditor role (Internal Auditors) 46 Table 8. Descriptive statistics: Evaluations of corporate governance (External Auditors) 47 Table 9. Descriptive statistics: Facets of the auditor’s role influenced by corporate governance (Internal Auditors) 50 Table 10. T-test: Facets of the auditor’s role influenced by corporate governance... Following the major recent scandals involving accountants and their tendency to restate earnings, as well as the collapse of Enron and WorldCom, various calls for reform have been made, particularly in the field of management, external auditing and corporate governance (Brown 2005; Deakin & Konzelmann 2004). Research that delves into the matter at hand has highlighted the importance of the so-called â€Å"corporate governance mosaic†, which generally emphasises the critical role of the interactions among the important parties involved in financial reporting (Ali 1999). Moreover, researchers have given attention to how the corporate governance initiative of organisations significantly affects the processes related to financial reporting and auditing. It has likewise been argued that the auditors, together with the board of directors, must work hand in hand towards the betterment of the auditing process in accordance with the principles of corporate governance (Cohen, Krishnamoo rthy & Wright 2007; Dewing & Russell 2004). Strong corporate governance positively affects the quality of financial reports in a sense that it minimizes the incidence of fraud, fewer restatements and lower earnings of the management (Cohen et al. 2007). The nature and strength with which organisations carry out their initiatives pertaining to corporate governance significantly affect the audit process. Furthermore, actors involved in the advancement of corporate governance initiatives are also likely to be more responsible in ensuring that financial reporting is of high quality (Abbott, Parker & Peters 2004). Finally, it is also through the proper adoption of the principles of corporate governance that auditors are enabled to solve their disputes with clients. The relationship of corporate governance and the role of the auditors has indeed been the subject of many studies (Abbott, Parker & Peters 2004; International Organisations of Securities Commissions). Additionally, researchers who have undertaken studies in relation to the topic have all underscored the fact that the corporate governance system helps in preventing the collapse of corporations. The relationship between the two is also based on the role of auditors in ensuring the quality of the financial reports (Krishnan n.d.). In view of this, this research aims to look into how corporate governance influences the role of the auditors in the context of companies in the KSA.

Ethics Coursework Example | Topics and Well Written Essays - 750 words

Ethics - Coursework Example Introduction & Background Nursing is a highly critical profession and involves significant ethical implications. These healthcare issues are very complex and require concrete awareness and analytical skills to overcome them effectively. The vitality comes from the fact that the ultimate customer in this profession is a patient whose survival and life depends on quality of healthcare services. Therefore, slight miscalculation and breach of ethical duties might result in deterioration of health and, in extreme cases, death. Practicing nurses must be well trained and knowledgeable in order to perform their obligations efficiently and need to be constantly supervised and mentored to prevent errors and non-compliance. Issues and proposed solutions There are various ethical issues involved in healthcare industry and nursing practice. Caretaking of patients, coming from diversified backgrounds, requires careful consideration of moral implications. Nurses must be fair and unbiased in their d uties, giving equal service to all patients regardless of their financial status, gender or ethnicity. Limited resources must be allocated with professional judgment to each patient according to genuine needs without any personal prejudice. These patients are often not of sound mind or appropriate age during treatment and therefore nurses must protect their rights in decisions they take. If a patient is capable, nurses must provide them complete autonomy to select options for treatment and must respect their choices. Moreover, to support their decisions, nurses must provide them complete information with integrity. This is a major obstacle since revealing about some adverse diagnosis results can be upsetting for nurses and might trigger hostile reactions. During treatment, it is important that healthcare professionals cover the patient’s body properly and avoid unnecessary talks regarding some physical irregularities to avoid discomfort. Additionally, they must respect privac y of medical information pertaining to patients and keep it confidential unless essential to be disclosed for professional opinions. They should take utmost care that they do not discuss any cases of patients outside clinical premises or during informal chats with friends, family, colleagues and other patients (Fry & Johnstone, 2002). Leadership needed to promote change Professional nurses and healthcare professionals must act as catalysts that trigger change and ensure smooth implementation of transition phase. In order to establish a strong ethical framework, they must promote teamwork and engage others in devising ethical policies. Efforts of all professionals must be collaborated and directed towards achievement of ethical compliance. Teams must be formed consisting of staff from different cultures and multiple disciplines in order to support diversified portfolio of patients. A learning environment must be created and strategic objectives and codes of ethics must be made common ly known. All subordinates must be mentored and provided counseling services in stressful situations and interpersonal conflicts. Clinical atmosphere must be instituted which encourages innovation and flexibility and stifles possibilities of errors and disputes. Regular performance appraisals shall be conducted

Strategic Management Accounting for Shareholder Value Maximisation Essay

Strategic Management Accounting for Shareholder Value Maximisation - Essay Example This report presents an insightful study on the concept of shareholder value maximisation and the efforts that are undertaken by management to achieve it. It demonstrates that in an effort to enhance shareholder value the management generally puts behind the importance of serving the interest of other stakeholders like employees, customers, suppliers and society that share a long-term association with the company. However, protection of interests of these stakeholders is important to ensure the maximisation of shareholder value. This report, therefore, concludes that in order to accomplish the objective of shareholder value maximisation in an effective manner, the management should also strive to serve the interests of other stakeholders. Shareholders are the true owners of a company and have ultimate residual claims on its financial assets. Management is responsible to serve the interests of shareholders and engage the efforts of the whole organisation towards the enhancement of val ue for shareholders as well as the other stakeholders that have their interest in the corporation.

Ethical Issues Research Assignment Paper Example | Topics and Well Written Essays - 1000 words

Ethical Issues Assignment - Research Paper Example g is an ethical issue in which a struggle between the body and mind would happen and the winner would be either the body (In case the person opts for mercy killing) or the mind (In case the person decided against the mercy killing). Proponents of mercy killing are of the opinion that it is better to assist a person medically to terminate his life, if he is in a hopeless situation. In their opinion, the person who suffers pain and discomforts should have given the right to take decision about sustaining his life in such pathetic condition. Others can cite ethical or moral issues against the mercy killing; but the ultimate sufferer would be the patient only. On the other hand, critics of mercy killing believe that only the creator has the right to take the life back of his creations. They are of the opinion that life is the most important thing in the world. Nobody has so far succeeded in unveiling the miseries about the life. Nobody knows from where we come and where we go after death. No science or technology, so far succeeded in creating an artificial life in a laboratory setup which underlines the importance and value of life on earth. Moreover critics also argue that only the creator has the right to modify or destroy creations and anything against his will would be unethical. As expected, we met strong arguments both in favour and against mercy killing during our research. We found most of the arguments of the proponents and the critics logical and valuable. It was difficult for us to take a position on this issue and our group actively discussed all the major arguments from both the sides in order to make a conclusion. Some of the arguments we found during our research are given below. The article IF MERCY KILLING BECOMES LEG, argued that mercy killing would be misused if it is made legal (IF MERCY KILLING BECOMES LEGAL). The above argument seems to be logical as the antisocial elements can kill innocent people on behalf of mercy killing in order to