Organizational Governance and Performance - myassignmenthelp

Question: Discuss about theOrganizational Governance and Performance Management for Rules. Answer: Introduction The corporate governance is a frame work or a system which involves specific rules, regulations, processes etc which an organization is supposed to follow so that it can achieve a sustainable success in its industry. It also involves the process of supporting and balancing the interests of all the stake holders. The case of the Italian dairy company Parmalat is taken into its consideration for analyzing its failure in the corporate governance (Liu, Connell, Xu, 2017). The corporate governance failure of the organization Parmalat The organization Parmalat is the food and dairy giant which is based on Italy. The big holes in the financial statements of this organizations has put into the stage of bankruptcy. The experts highlights that the primary reason behind the failure of the organization is its failure in the corporate governance. Some of the corporate governance failures which can be identified from the case of the organization Parmalat have been discussed here (Dias, Rodrigues, Craig, 2017). The major failure in the corporate governance starts with the nature of the ownership. It has been owned and managed by the complex group of companies. A pyramidal structure of governance and management is practiced in the organization which has been controlled by the strong block holder which is the founder the tanzi family. This can be considered as the major disadvantage of the corporate governance as this complex and the pyramidal structure can make the decision making process delay, discriminated etc which can impact the competitive advantage of the organization. The food industry is prone to continuous changes and there should be a practice of empowering the managers to take critical decisions in order to become more competitive. The other reason for the failure of the corporate governance can be identified from the case of the Parmalat is the unprotected minority share holders. The corporate governance system provides much importance to the share holders and protecting the interests of the share holders (Dimopoulos, Wagner, 2016). Through maintaining and managing proper shareholder engagement process the organization can gain sustainability, competitive advantage, reputation etc. The organization Parmalat being practicing pyramid organizational structure and ownership failed to provide importance to the share holders which has put the organization into risk. The situations like this will resist the new share holders to invest for such organizations and forms the basic reason for the long term ruin for the organization (Schmidt Fahlenbrach, 2017). Apart from this they have also utilized the corporate resources illegally for the private use of the family at the expense of the minority share holders. These illegal activities can certainly impact the organization badly from the legal perspectives and also from the credibility perspectives. The primary purpose of the corporate governance is to built up good reputation and credibility for the organization which can support the organization in holding a dominant position in the market. This would also enable it to produce good competitive advantage also. This illegal activity has lead to the generation of big holes in the financial statements of the Parmalat which has cause for the destruction of the organization. There was also no independent directors from the controlling of the shareholders available in the Parmalat organization which is not compliable with the corporate governance guideline of Italy. This can be considered as the third reason for failure (Oyewunmi et al, 2017). The organization Parmalat could have implemented some mechanisms which would have protected it from its destructive failure. Some of them are mentioned below. A well developed organizational structure which follows a hierarchical model could have been implemented in the Parmalat. This would provide a better clarity in the mechanism and operations. The managers and the directors could have get directions and guidance from their direct superiors which would make the decision making process much easier (Agrawal Cooper, 2017). An inbuilt policies and procedures as per the corporate governance of the Italy were relevant for the organization. Such policies and procedures will restrict the ownership impact in the operations of the organizations and also in the unethical practices. The organization could have implemented good HRM policies and procedures like the job empowerment, self responsibility, etc which makes the employees and the managers to take their own decisions while handling the decision making process. This could have improved the performance of the employees also (Faleye, Krishnan, 2017). Adequate stake holder management system is also an essential factor for the organization Parmalat to make it safe from such crisis. In order to implement and enforce good corporate culture and governance the participants like the non-executive directors, internal audit committed, board of directors etc are having more or less equal role and can be considered as the gate keepers of the corporate governance. The board of directors plays a vital role in the promotion of the personal integrity and professional accountability. Under their guidance the high quality ethical performance can be practiced n the organizations and poor performance and unethical practices can be disciplined. They can also contribute in the maintenance of the reputation and credibility of the organization since they operate in the top position (Shi, Connelly, Hoskisson, 2017). According to the SOX provision and the SEC related rules the auditors and the internal auditing committee who doesnt have primary roles in the traditional corporate governance are now having dominant roles in the same. Apart from this some of the other mechanisms which are essential for the good corporate governance is being responsible towards stake holders, compliance with state and federal statutes, listing standards, Implementation of best practices suggested by investor activists and professional organizations. Conclusion The case of the food and dairy organization Parmalat which is based on Italy has been analyzed with relation to the corporate governance. It has been identified and mentioned that the failure in the corporate governance is the primary reason for its failure and some of its corporate governance failures are identified ad mentioned. Some of the mechanisms which could have been adopted by the company so as to avoid the destruction have also been mentioned. The role of non executive directors, auditors etc are also discussed. References Agrawal, A., Cooper, T. (2017). Corporate governance consequences of accounting scandals: Evidence from top management, CFO and auditor turnover. Quarterly Journal of Finance, 7(01), 1650014. Dimopoulos, T., Wagner, H. F. (2016). Corporate Governance and CEO Turnover Decisions. Dias, A., Rodrigues, L. L., Craig, R. (2017). Corporate governance effects on social responsibility disclosures. Australasian Accounting Business Finance Journal, 11(2). Faleye, O., Krishnan, K. (2017). Risky lending: Does bank corporate governance matter?. Journal of Banking Finance, 83, 57-69. Liu, B., McConnell, J. J., Xu, W. (2017). The power of the pen reconsidered: The media, CEO human capital, and corporate governance. Journal of Banking Finance, 76, 175-188. Oyewunmi, O. A., Osibanjo, O. A., Falola, H. O., Olujobi, O. J. (2017). Optimization by Integration: A corporate governance and human resource management dimension. International Review of Management and Marketing, 7(1). Schmidt, C., Fahlenbrach, R. (2017). Do exogenous changes in passive institutional ownership affect corporate governance and firm value?. Journal of Financial Economics, 124(2), 285-306. Shi, W., Connelly, B. L., Hoskisson, R. E. (2017). External corporate governance and financial fraud: cognitive evaluation theory insights on agency theory prescriptions. Strategic Management Journal, 38(6), 1268-1286.

ACT Print Media Sample Essay

ACT Print Media Sample EssayIf you are looking for an excellent way to make yourself stand out among the crowd and get that coveted job interview, one excellent means to do this is by taking an ACT print media sample essay. This kind of writing assignment has its benefits. It will boost your resume since it is one of the easiest ways to prepare a great first impression. It is also a good way to research about the company you wish to work for.ACT print media sample essays are available for all kinds of college students. The truth is that any college student can choose to take one of these printed assignments from the ACT web site. However, the most important aspect is the content of the essay you write.A young person who wants to go to school may need to take online courses or other courses from the college or university that is convenient for them. An ACT essay writing service helps young people in taking the right steps towards their goals.An important thing that you should take int o consideration when choosing an essay service is that they are experienced. The experience of the writer is very important. You should choose the writer who is reliable and trustworthy. A trustworthy writer is one who knows what he is doing, as it relates to a college or university topic, so that he can deliver it well.An ACT print media sample essay can be sent to many colleges. They will not only help you prepare your application, but will also help you get a well-informed opinion on your college choices. The ACT website gives you a lot of information regarding college course selections, career options, essay topics, and even college admissions. So you need to check out some ACT information to prepare yourself for an essay.When you want to start writing your essay, do not hesitate to use the ACT write forme service. You can use this service to get help and assistance. In order to learn more about ACT writing services, take time to go to the ACT site and read about the services th ey offer.There are many ways to practice writing an ACT print media sample essay. An online practice is always an excellent way to understand how easy it is to write essays.

Beauty Is in the Soul Essay Example

Beauty Is in the Soul Essay Beauty is in the soul A beautiful heart is better than a beautiful face. The phrase you hear all the time while you’re growing up, especially if you’re a girl. Audrey Hepburn said â€Å"The beauty of a woman is not in a facial mole, but true beauty in a Woman is reflected in her soul. † That is the theme I see in both â€Å"Snow White and the Seven Dwarfs† and â€Å"Cinderella†. In both poems the person that had a beautiful heart always prevailed. These two poems and this theme basically reiterate what people have been saying for years. Through the use of fairytales and satirical ideas, Sexton demonstrates that beauty is internal not physical. Snow white is beautiful and the stepmother is also beautiful but her stepmother cannot bear someone to be more beautiful than she is â€Å"Suddenly, the mirror replied, Queen, you are full fair, ‘tis true, but Snow White is fairer than you†¦So she condemned Snow White to be hacked to death†. The queens Jealousy and narcissistic ways drive her to attempt to kill her stepdaughter. The queen attempts to kill her on several occasions, first asking the hunter to bring her Snow Whites heart so that she could eat it, showing how serious she was. The mirror told her that Snow White was still the prettiest, this time she came to the dwarf house and wrapped her up and left her there, the dwarfs saved her and the mirror told again. Even after the dwarfs warned her that the queen was trying to kill her Snow White still had the heart to open the door for her stepmother, this time she put scorpion in her hair. We will write a custom essay sample on Beauty Is in the Soul specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Beauty Is in the Soul specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Beauty Is in the Soul specifically for you FOR ONLY $16.38 $13.9/page Hire Writer The dwarfs saved her and warned her again but Snow White still opened the door, the last time the queen fed her a poisonous apple. But because Snow White had a beautiful heart, when the prince carried the coffin they dropped it and the apple chunk flew out of her mouth and she lived. The queen had a horrible heart and in the end she dies a horrible death and Snow White ends up with the prince. Just like in â€Å"Snow White†, In â€Å"Cinderella†, Cinderella is beautiful and has a beautiful heart but her Stepsisters, Stepmother and father treat her horribly. Sexton says â€Å"the man took another wife who had two daughters, pretty enough but with hearts like black jacks. Cinderella was their maid. † When it came time for the Royal Ball and the prince was looking for someone to marry, Cinderella was dying to go. She did everything they asked to do before going and even after completing those tasks the stepmother and stepsisters found a reason she could not go. She had nothing to wear and she couldn’t dance. Cinderella went to the tree at her mother’s grave and cried and begged for her to be able to go to the ball, she received a dress and slippers. When she arrived at the ball no one recognized her and the prince was in love with her. After dancing all night with the prince and him walking her home, she went back to her old life. Three days later the prince came looking for her, the stepmother cut off her big toe to fit into the slipper. The stepsister cut off her heel to fit into the slipper, the prince was ready to give up but then he found Cinderella, whos foot fit into the slipper, as sexton says â€Å" like a love letter, fit into its envelope. At their wedding the sister came and a dove pecked their eyes out, the prince and Cinderella lived happily ever after. In both poems two beautiful women with beautiful hearts were treated poorly for simply being beautiful. This reflects off of real life because every day there is a girl treated badly simply because she is beautiful. I believe Sexton is showing the real life aspect of these two traditional fairytales. She is also showing the idea that a beautiful face is not nearly worth as much as a beautiful heart and that the person with a beautiful heart will always prevail in the end.

Descriptive Writing The Other Side Essays

Descriptive Writing The Other Side Essays Descriptive Writing The Other Side Essay Descriptive Writing The Other Side Essay This world,to her, was full of personalities. Running her fingers along the window, she listened to the comforting sound of the rain pattering against the glass. She focused on the movement of rain drops and watched them race to reach the bottom of the window. The lights from the tall city buildings blinked in random orders.Even on a gloomy day. the streets were still busy. Even on a dull day,the crowd still kept on with their lives. In the dark sky, the churning clouds and the heavy rain collided with the skyscrapers. Even with the pouring rain, the world out there was still much more brighter than in here. â€Å"This place†. Her mouth moved to say the words but there was no sound coming out. She didn’t realise that she was in her house. It was strange, bare and terrifying. She set her vision on everything that existed in her house. She couldnt remember when she had bought these furnitures. Some were still in plastic wraps. They were new but som ehow they were covered with dust. The overwhelming silence irritated her.Just 5 minutes ago, she was surrounded by millions of people. Everyone was drawn towards her like flies circling a garbage field. Looking outside the window, her eyes were fixed upon the flashing billboard on the opposite building. The poster of her newest movie was on display showing her signature, charming smile. She racked her brains, fishing out an answer as to why she tried so hard to make it as a movie star. She loved acting, yes. But the pressure that came with being a renowned actress was unbearable. She still remembered her old bedroom as a teenage girl with colorful movie posters that motivated her to step on the stage for the first time. She involuntarily smiled at the memory. She wished to rediscover that twinkle in her eyes when she started on this road, to feel those butterflies in her stomach once again. As she heard the growl of her stomach, she reluctantly got up and headed towards the refrigerator. She

No idea Essay Example | Topics and Well Written Essays - 3000 words

No idea - Essay Example For CPS Energy, industry rivalry and threat from new entrants were critical factors to redefine business model and introduce technology and use of smartphones. It had introduced Megellan program that exploited smartphone and other technology to enhance its operational efficiency. Smartphone helped the large force in the field to remain connected with the corporate offices and site offices so that problems could be easily traced and rectified at shorter time period. It saved lot of time because photos taken from smartphones were immediately sent from site to the engineers at the office who could diagnose issues and suggest remedies. The information was then sent to the field worker who was nearest to the problem site and solve the issue. Moreover, information technology significantly contributed to streamlining various operation processes like inventory, accounts etc. and helped the company to save huge financial expenses. Lloyd construction was relatively small business enterprise which hugely benefitted by using technology like smartphones and computerization of its processes. Coordinating the 100 workers, 30 trucks and more than 400 dumpsters was gigantic task that was made easy through the use of smartphone and technology. The GPS system helped in tracing its fieldworkers and equipment. The workers were trained in using technology and the pilot run helped the company to better manage its operations located at various sites. The smartphones were equipped with e-tracing software and travel data that could show real time position of people and equipment. It considerably reduced the time wastage by field staff and increased work efficiency. It saved nearly 30% fuel cost and about 15% increase in performance which helped it to compete with its rival and new entrants in tough market conditions. I strongly believe that organizational

Globalisation of Consumer Culture Essay Example | Topics and Well Written Essays - 2000 words

Globalisation of Consumer Culture - Essay Example Ted Levitt in his article, â€Å"The Globalisation of Markets† states that the needs and desires of people are becoming homogenized as do the tastes and modes of doing business (Mooij, 2000). McLuhan also prophesied that the media would turn the world into a global village. However, Kotler contends that consumers are not rational human beings and in fact markets are becoming more diverse. Thus based on the theories of cultural homogenization, Indigenization, and fetishism and cultural imperialism, this paper aims to evaluate the extent to which globalisation of consumer culture has led to cultural homogenization. Drivers of globalisation Appadurai identifies five global flows that are transforming the nature of society and eroding the barriers between them (Craig & Douglas, 2006). These include mediascapes (flow of imagination and communication), ethnoscapes (flow of tourists, migrants and students), ideoscapes (flow of political ideas and ideologies), technoscapes (flow of te chnology) and finanscapes (flows of capital and money). The collective effort of these five scapes is turning the world into what Tomlinson (1999) describes as â€Å"a single social and cultural setting†; globalisation makes the world a ‘single place’. Tomlinson however, maintains that connectivity still does not extend in any profound way to every single person or place on the planet; social and cultural divisions continue to persist. Globalisation and culture While culture has been defined by Hofstede as the collective programming of the mind that gives rise to set beliefs and patterns of behavior, and thereby distinguishes one group of people from another (Merz, He & Alden, 2008), cultural globalisation is the emergence of a specific set of values and beliefs that are largely shared around the planet (Movius, 2010). Globalisation of media has been held responsible for the globalisation of culture. However, with converging incomes, cultural values and habits ha ve not converged (Mooij, 2000). People would spend their incremental income based on their value pattern – the Americans would buy more cars while the Spanish would spend more on food. This implies that values, beliefs and patterns of behavior have not homogenized; cultural homogenization has not taken place despite converging income. Appadurai (2001) and Tomlinson (1995) believe that globalisation is not just an economic and a political phenomenon; it is also a complex cultural phenomenon. It promises new possibilities but also gives rise to new anxieties that transform social life. However, as global forces begin to penetrate local culture, it could lead to tensions or collisions. Thus the outcome could be displacement of local culture leading to homogenization of culture or it could lead to resistance due to cultural imperialism. Craig and Douglas (2006) emphasize that culture is pervasive and it is the lens through which individuals perceive and interpret phenomena. Howev er, cultures are dynamic and keep evolving over time; hybrid cultures (fusion of two or more cultures resulting in a new cultural element) develop as people travel across borders. Membership in a culture is becoming transitional and deterritorialized (a particular culture is no longer defined in terms of the specific geographic

Faust and Job Essay Example for Free

Faust and Job Essay While he was yet speaking , there came also another, and said, The fire of God is fallen from heaven, and hath burned up the sheep, and the servants, and consumed them; and I only am escaped alone to tell thee† (Bridge Builder’s Bible, Job. 1.12-16). Job loses his possessions, his children,and he suffers health wise. He becomes very ill, but no matter what life brought him he still remained faithful to God. Job could have easily given in as Faust did. In this life we have choices to make whether they be good or evil. We must suffer the consequences for every wrong deed we choose. It takes a strong will power to be determined to do right like Job. Faust believes there is a narrow limitation on the world in which he have been living until he interacts with Mephistopheles. Faust feels he knows enough about philosophy and heros of old legends. He now recalls for a divine law that proves that this action is the ruling force of the universe. This pact deal that was made was set up to fail Faust. Faust did not believe in a heaven or hell, which means he is betting his life rather than selling his soul. In Faust’s mind he is not sure if a eternal life even exists. If he gave up the world that he was living in he really felt that he would be just giving up something that dissatisfied him any way. Faust’s desires is not so much an evil one, but the idea that he has made this pact deal with the devil brings on many concerns about this decision he has made. The devil is unsure of his own ability to fulfill all the request that Faust made to him. However, the devil accepts these challenges and make sure the pact deal is signed in blood. Faust is very eager at this point to taste all the aspects of life that he thinks he have neglected. Although at first Faust rejects the offers made by Mephistopheles, he still ends up given in to this temptation. Faust should have kept his belief when saying, â€Å"the world’s pleasures cannot end his doubts or satisfy his needs† (Cliffnotes:Faust study iii). Faust is being taking advantaged of because Mephistopheles knows Faust’s weaknesses. He knows that Faust is striving to understand the universe and his place in it, while Mephistopheles has something totally different in mind from Faust. Faust just happened to be at the crossroads in his life. He was a very well-esteemed man and an intelligent scholar who was highly looked on. The book of Faust came out during the eighteenth centuries, so attitudes then may have had an impact on how people, in particular Goethe may have viewed life. During that time attitudes were focused more toward earthly life and beyond. Looking at Faust attitude compared to Job’s, I see that Job was strong while Faust was weak. I find them to be different from each other just by viewing who gave in to this trick. It is plain to see that Faust gave in and Job stood his ground. It means a whole lot when someone can stand their grounds and not be moved by nothing in this world. Job’s world was in turmoil, but this did not interfere with his faith nor the confidence he had. Satan was concerned with getting souls that he can keep for eternity. He used any tactics he could to seduce Faust. The Devil offered earthly things to blindfold Faust. The Lord did let Mephistopheles know that when he grants him permission to engage in Faust’s life, Faust will be fully aware of the righteous path, whether he chooses it or not. I believe at this point Faust is beginning to see Mephistopheles for who he really is. I had came to this conclusion personally when I read these lines: â€Å"Your real being no less than your fame Is often shown, sirs, by your name, Which is not hard to analyze When one calls you the Liar, Destroyer, God of Flies. Enough, who are you then? Part of that force which would Do evil evermore, and yet creates the good. What is it that this puzzle indicates? I am the spirit that negates. And rightly so, for all that comes to be Deserves to perish wretchedly;’Twere better nothing would begin. Thus everything that your terms, sin, Destruction, evil represent- That is my proper element. You call yourself a part, yet whole make your debut† (Goethe 705)? Mephistopheles was a smooth talking and slick which reminds me of Satan himself. Job at some point in his life wished he had never been born. How can anyone fault Job for feeling the way he did after going through these horrible storms in his life. He had to face these mountains and conquer his fears. I do understand Job was human, so he had a right to feel saddened or possibly even lonely. Faust longs to find something absolutely enduring so that he can end his alienation. He rather ignore reality just to have pleasures fulfilled for a few years rather than having something that will please him forever. Faust understands life, but he wants to dig deeper into the truth about supernatural things. In return for his search on this he turns to magic which leads him to making this pact deal with the devil in the first place. Satan plan he had for Job did not work as God said. Mephistopheles tries to criticize God by saying he made an imperfect world. However, he did help God carry out his will through using this pact deal with Faust. Satan main goal and purpose is to defeat God by taking over every soul. It is evidently true just reading: â€Å"And in return, what do you hope to take? There’s so much time so who insist? No, no! The Devil is an egoist And would not just for heaven’s sake Turn into a philanthropist. Make your conditions very clear; Where such a servant lives, danger is near† (Goethe 711). It is obvious that Mephistopheles is not on Faust side. Once he get him right where he wants him he is going to surely take his life. What good can come from someone when they encourage another human being to take their life. No friend would want to see you die. I consider that to be for someone who hates you and they must be cold-hearted. One comes to know good by knowing evil. A person can not come to know God without knowing this knowledge. True knowledge is gotten only from experience. Just like the Devil Mephistopheles often speaks the truth to get what he wants. Faust wanted much and he was never satisfied so greed began to take over his life. Job was satisfied with what God had given him and that is how he was able to stand on the word of God. He return for Job’s pain God restored to him everything that he had lost. He gave him back more than what he had before. Faust struggle with self worth causes him to have an inability to have faith in God. However, God does not give up on Faust. Believe it or not God gives us many chances in this world today because he has not given up on us either. God knew Faust struggled, but he allowed him to reach his low point in order to draw him back. Mephistopheles duty was to lead Faust down a dark road. If Satan could have done the same thing to Job he would have, but Job was too strong for him. Therfore, Satan fault a loosing battle with Job. In the process Faust is responsible for three deaths in this story, although he was influenced by Mephistopheles. God has given us the spirit of unlimited belief.The battle really begins in our mind. It is our will and emotions that control what we do or think. We must stop limiting God by the level of our faith or belief. He is and will always be the God of the impossible. People must demand that Satan leave them alone and not just ask this. It is good to know that by the power of the holy spirit we have authority over Satan to tell him what to do. Satan must be put in his place. Satan is a great pretender, so don’t be deceived by his fierce growl. I am encouraged knowing this scriptures, â€Å"and put on the whole armor of God so that ye shall be able to quench all the fiery darts of the wicked† (Bridge Builder’s Bible, Ephesians6.11-18). After being tested it feels good to know t hat someone passed their test and did not fail. I must be strong myself and not get caught up in the crossroads of my own life. People must have faith in order to make it in this world. Nothing can compare to what God has to offer us in heaven. God is amazing and he is the almighty whom we must answer to. It is great to have Job like attitude and not Faust attitude towards life. I encourage people to be strong in the Lord, having much faith. Works Cited Johann Wolfgang von Goethe. Faust. New York:W.W Norton Company, 1984. Lawall, Sarah, ed. The Norton Anthology of world literature .London: Castle House, 1909. Rod Parsley. Bridge Builder’s Bible. Deerfield: International Christian Publishers, 1997. Cliffs Notes -The Fastest Way to Learn. Wiley Publishing, Inc. 2000-2010 Faust, Parts 1 and 2. 11 November 2010 .