Personal Reflection Essay

Individual Reflection Essay Individual Reflection Essay Courtney Simmons AP English Due: February 1, 2013 Reflection At the point when I was in tenth grade my child sibling, Carter, was conceived. Be that as it may, this was three months before his real due date. This occasion caused a major impact on my life; I fell behind in school as my folks remained in Albany for 3 months to be with him. On September 26, 2010, I was in New Jersey visiting a companion when my cousin, Michaela called me and revealed to me her mother, my auntie, needed to carry my mother to the medical clinic. Soon thereafter, I discovered my child sibling had been conceived, by a crisis caesarian segment, weighing just 3 pounds and not relaxing. He was raced to Albany Medical where he remained in the NICU until December. My folks both went to remain with him and the entirety of my kin remained with my more seasoned sibling. Being home without anyone else was forlorn and I’ve consistently been close with my mother, so every possibility I got I would go to Albany to see her. I wound up falling behind on a great deal of school work, being 15 and not having a parent there to ensure I made up all that I missed. At the point when my folks and Carter got back home, things certainly convoluted. My entire family was back together, in one house, without precedent for just about a quarter of a year. Experiencing this demonstrated me the estimation of family, yet additionally the significance to remain centered. Thinking back I would’ve consistently invested more energy in school, yet particularly right now. Be that as it may, I can’t change this now, so I’ve acknowledged it and utilized it as an exercise for the

Philippine Peso Essay Example

Philippine Peso Essay Philippine Peso is the cash of the Philippines. The Central Bank of the Philippines, the Bangko Sentral ny Pilipinas (BSP) oversees outside trade controls and all other money issues in the Philippines. The previous Marcos administration of Philippines, known for its defilement, consistently planned for holding the remote trade profit from conventional exporters. From 1970 to 1984, the Philippines had a discontinuous history of numerous rate structure with various rates to outside trade exchanges for fares, imports and remote obligations, based on a day by day Guided Rate.From 1970 till 1973, customary exporters were required to give up 80% of the remote trade procuring at an Official Rate fixed at 3. 9, which is more disadvantageous to exporters than different rates. This prerequisite was later supplanted by an adjustment charge on customary fares, which likewise attempted to redirect the additions of conventional fares. (Bautista, 1987) In mid 1980s, with the monetary departure of t he neighboring Asia-Pacific zone, the Philippines saw the significance of expelling contortions in its monetary systems and opening up the profoundly ensured economy.Read additionally The Philippine Peso Us Dollar Exchange RateAlso mostly because of the 1983 money related emergency, in 1984 the numerous rate structure was abrogated. Since the time at that point, the Philippines has kept up a drifting swapping scale system. An Inter-bank Rate, decided based on gracefully and request in the trade showcase, has administered all exchanges. The specialists intercede in the medium to keep up precise economic situations and the political destinations. Also, the Bankers Association keeps up a Reference Rate as the Peso-U. S. Dollar show rate for customs valuation purposes and for calculation of import obligations/taxies.Major wellsprings of reference include: 1. World Currency Yearbook. (WCY) 2. Yearly Report on Exchange Arrangement and Exchange Restriction. (IMF)Â 3. Romeo M. Bautista (1 987): Production Incentives in Philippine Agriculture: Effects of Trade and Exchange Policies. | Â | | Date| Changes to the swapping scale regime| Peso per U. S. Dollar| 8 November 1965| The fluctuating free rate was annulled. (WCY, 1984, p. 614)â | 3. 900â | 21 February 1970| A numerous rate structure with a Mixed Rate (not clarified in WCY) was restored dependent on a controlled, coasting Official Free Flucturating Guided Rate. WCY, 1984, p. 614) . The day by day Guided Rate was establishedby the Bankers Association. (IMF 1976, p. 369). 80% of outside trade profit from some conventional fares (counting copra, sugar, logs, and copper concentrates) were to be given up to the Central Bank at the Official Rate of P3. 90 for each U. S. Dollar, while the staying 20% could be sold at the free market rate. (Bautista, 1987, p. 24)â | 5. 500â | May 1970| The necessity of give up 80% of fare income was supplanted by an adjustment charge on customary fares. (Bautista, 1987, p. 4)â | Â | 22 September 1970| Â | 6. 435â | 20 December 1970|The gold substance of the Peso was cut 7. 89%, resembling the U. S. Dollar cheapening. | Â | 26 April 1972| Â | 6. 780â | 13 February 1973| The gold substance of the Peso was cut 10%, in the repercussions of the U. S. Dollar degrading. (WCY 1984, p. 614)â | Â | 31 December 1974| Â | 7. 070â | 1975| In spot exchanges between business banks and clients, the most extreme and least spot purchasing rates are 0. 5% and 1% beneath the controlling rate, individually. The base and greatest spot selling rates are 0. 75% and 1. 5 % over the managing rate, individually. (IMF 1976, p. 369)â | Â | 31 December 1975| Â | 7. 510â | 31 December 1976| Â | 7. 440â | 1977| For spot exchanges in overabundance of US$100,000 among banks and their clients, the edges are seriously decided. (IMF 1978, p. 331)â | Â | 31 December 1977| Â | 7. 380â | 31 December 1978| Â | 7. 380â | 31 December 1979| Â | 7. 420â | 31 December 1980| Â | 7. 600â | 31 December 1981| Â | 8. 200â | 31 December 1982| Â | 9. 170â | 23 June 1983| Â | 11. 000â | 5 October 1983| Inter-bank exchanging outside trade was suspended.The Guided Rate was eliminated for a controlled, drifting Effective Rate. (WCY 1984, p. 614)â | 14. 000â | 31 December 1983| Â | 14. 000â | 1984| All spot purchasing and selling edges were to be resolved on a serious premise. (IMF 1985, p. 400)â | Â | 6 June 1984| The conversion standard framework was overhauled into a true various rate structure as follows: The Effective Rate applied distinctly to basic imports and enthusiasm on the remote obligation. In light of a 10% assessment on the acquisition of remote trade, a trade for other transactions.An conversion scale for send out continues. The Black Market Rate was formally perceived as the significant wellspring of outside trade. (The swapping scale for acquisition of trade in different exchanges: 19. 80; Export continues were traded at P16. 20 for every U. S. dollar; The Black Market Rate: P20. 00-P24. 00) (WCY 1985, p. 669)â | 18. 000â | 10 October 1984| The numerous rate structure was abrogated. Between bank exchanging outside trade was continued. An Interbank Rate, decided based on gracefully and request in the trade advertise, was to oversee all transactions.Authorities intercede when important to keep up efficient conditions. (WCY 1990-1993, p. 510) Â | 13 December 1984| The Peso-U. S. Dollar directing rate was abrogated. (IMF. 1986. p. 422) Â | 31 December 1984| Â | 19. 760â | 29 March 1985| The Central Bank reported that, the reference pace of the Bankers Association ought to be the Peso-U. S. Dollar transformation rate for customs valuation purposes and for calculation of import obligations/maneuvers. (IMF. 1986. p. 422)â | Â | 31 December 1985| Â | 19. 030â | 31 December 1986| Â | 20. 530â | 31 December 1987| Â | 20. 800â | 1 December 1988| Â | 21. 340â | 31 December 1989| Â | 22. 440â | 13 September 1990 | Guidelines were given that the purchasing rate for spot exchanges must not be under 1% underneath the reference pace of the Bankers Association, while the spot selling rate must not be over 2% over the reference rate.For exchanges other than detect, the purchasing rate must not be under 1% beneath the spot purchasing rate, while the selling rate must not be over 1% over the spot selling rate. (IMF. 1991, p. 398)â | Â | 31 October 1990| Â | 28. 000â | 31 December 1990| Â | 28. 000â | 8 January 1991| The edges for spot purchasing and selling rates for business reference exchanges around the official reference rate were dispensed with. (IMF. 1991, p. 400)â | Â | 31 December 1991| Â | 26. 650â | 30 July 1992| An arrangement of eight-hour constant interbank outside trade exchanging under the Philippine Dealing System (PDS) was presented. (IMF. 1993, p. 405)â | Â | 31 December 1994| Â | 24. 418â | 31 December 1995| Â | 26. 214â | 15 March 1998| The specialists permitted the Peso to skim all the more unreservedly against the dollar by lifting the unpredictability bank system.The band incorporate a 6% limit around the conversion scale of the earlier day, with exchanging being suspended for the rest of the day if the breaking point was reached. (IMF 1999, p. 683)â | Â | Notes:Throughout the course, the Philippine position posted an Official Rate of P3. 90 for each U. S. Dollar. This rate was initially utilized for exporters to give up their trade income to the Central Bank since 1965. In any case, this rate is presently left out of commission since the exporters are not required to render their fare profit any more. (WCY 1986-1987, p. 511)|

There Will Be Bruises

There Will Be Bruises We are driving through Mississippi. The air is crisper than we expected, an abrupt cold spell in the American South. After wonderful events in Tampa, Miami, Orlando, and Jacksonville, the Sunshine State has now receded into our rearview, but a bag of Florida-grown oranges still sits perched in the back seat. Every so often, one of us reaches into the bag and removes a plump orange from the hoard. So juicy, so delicious. Occasionally, though, the citrus fruit we extract is less than ideal: underripe, slightly bruised, or even green and fuzzy with mold. Bluck! Like Gump’s box of chocolates, you never know what you’re gonna get. You can, however, mitigate your risk. Like anything in life, you’re going to get at least a few bad oranges. This is true even when you scrutinize the bag: there’ll never be a perfect assemblage. So, whether we’re buying oranges or a new home, we have three choices: We can close our eyes, select any bag, and hope for the best. We can hold out until we find the perfect selection. We can choose carefully: pay attention, closely examine our options, and then pick the best. The first option relies on luck (and laziness) to guide the way: don’t be surprised if you end up with a bag of mold. The second option leads to discontent and starvation: there will never be a perfect bag. The third option is the intentional option: it optimizes the good, while understanding that no matter how hard you try, there will be bruises. Intentionality requires more work, more deliberate action, but that’s where all the reward isâ€"an intentional life always tastes best. Read this essay and 150 others in our new book, Essential.

Essay on Unit 2 - Principles of Personal Development

Health and Social Care Assignment UNIT 2 - PRINCIPLES OF PERSONAL DEVELOPMENT ASSIGNMENT OVERVIEW In this assignment, you will investigate standards that influence adult social care practice. You will look at examples of these standards and how they affect the role of social care workers. Personal development and reflective practice are important for social care workers, and you will be completing tasks that cover these concepts. You will look at the different ways that this is done, how you can benefit from it and who will support you. TASKS There are three task to this assignment. TASK 1 2 3 EVIDENCE Short answer questions Case study Reflective account OUTCOMES 1.1, 3.1, 3.2, 3.3, 3.4 1.2, 1.3 2.1, 2.2, 2.3 TASK 1 Social workers†¦show more content†¦Her attitude and beliefs should not affect its work. Should explain that her manners relates to the her cultutal as well as its rushed because shes wish that all is well and quickly done. and maybe that service usher has different beliefs than she, but that shouldnt effect her work. she cant let her personal beliefs affect her work. she has a responsiblity to take care of the client and to respect his beiefs and how he wants his care to be dealt with. If she still struggles to respect his wishes then she should take to a manager/supervisor and try to discuss this matter and if she cant overcome it then someone else should take over because she has to be professional and leave her own beliefs and ways outside of her work place and after all the client comes first, your there because the client needs your need. 3 Health and Social Care Assignment 2. Explain why it is important to reflect on your work activities. When you think about the work that you do and ask yourself Could I have done it differently or better? you can improve the way you work or find out what you need to learn to make you a better worker. TASK 3 1. Think of a learning activity you have taken part in that has improved your knowledge, skills and understanding. The activity may have been a training session, a demonstration of practice, learning a new skill or a research activity. Description of experience HowShow MoreRelatedUnit 2 –Principles of Personal Development in Adult Social Care Settings.1473 Words   |  6 PagesLEVEL 2 – CERTIFICATE IN PREPARING TO WORK IN ADULT SOCIAL CARE UNIT 2 –Principles of personal development in adult social care settings. OUTCOME 1 Understand what is required for good practice in adult social care roles. 1.1 Identify standards that influence the way adult social care job roles are carried out. Below is a list of some of the legislations that are relevant to adult social care. These make up ‘standards’ to follow for good practice. * Care Standards Act 2000 Read MoreEssay on Work: Goal and Social Care949 Words   |  4 PagesUnit 6: Personal and Professional Development in Health and Social CareUnit 44: Vocational Experience for Health and Social CareBTEC NATIONAL HEALTH AND SOCIAL CAREExtended Diploma Student Name: Abigail bowes Group: BStudent Number: 20138903 | Unit 6 (P2, P5) half 1. Provide an up-to-date CV at the start of the course. 2. Provide an updated CV at the end of the first year. You will required to completed the following * Completed Units * Work Experience * New Skills and QualificationsRead MoreLevel 2 Certificate For The Children And Young People Questions 11553 Words   |  7 Pagesï » ¿Level 2 Certificate for the Children and Young People’s Workforce UNIT 001 Knowledge Questions Outcome 1 1.1.1 What are the different reasons people communicate and why? People communicate so that you can tell people how you feel and what you need. You communicate to find out information. 1.1.2 Explain how effective communication affects all aspects of your work Communication from my room leader and manager needs to be clear in order for me to undertake the tasks I am asked to doRead MoreHealth and Social Care Essay659 Words   |  3 PagesHealth and Social Care Assignment UNIT 2 - PRINCIPLES OF PERSONAL DEVELOPMENT ASSIGNMENT OVERVIEW In this assignment, you will investigate standards that influence adult social care practice. You will look at examples of these standards and how they affect the role of social care workers. Personal development and reflective practice are important for social care workers, and you will be completing tasks that cover these concepts. You will look at the different ways that this is done, how youRead MoreUnit 10 purposes and principles of independent advocacy hsc713 Words   |  3 PagesUnit 10: Purpose and Principles of Independent Advocacy Unit code: Advo 301 Unit reference number: M/502/3146 QCF level: 3 Credit value: 4 Guided learning hours: 25 Unit summary This unit aims to provide learners with an understanding of what independent advocacy is and how to use the values and principles which underpin good practice. The unit focuses on the different models of advocacy, their history and why they exist. Assessment requirements This unit must be assessed in accordanceRead MoreMy Own Engagement Of Professional Relationships And Establish Key Skills That Underpin Lifelong Learning1453 Words   |  6 Pagescapabilities and weaknesses identified in my SWOT analysis (see appendix 1) and personal development plan (see appendix 2). As a student nurse, I ascertain that the main principle in nursing is the care of my patients, to treat them as individuals and respect their dignity. I feel that it is fundamental to provide a high standard of practice and care at all times. To be open, honest and to work with integrity. The four main principles of the code that I will be working to are outlined by the Nursing and MidwiferyRead MoreDementia: Learning and Assessment Criteria Essay929 Words   |  4 PagesUnit Title: Unit sector reference: Level: Credit value: Guided learning hours: Unit expiry date: Unit accreditation number: Understand the diversity of individuals with dementia and the importance of inclusion DEM 310 3 3 23 31/03/2015 Y/601/3544 Unit purpose and aim This unit is aimed at those who provide care or support to individuals with dementia in a wide range of settings. The unit covers the concepts of equality, diversity and inclusion that are fundamental to person centred care practiceRead MoreEssay on Health and Social Care Level 31090 Words   |  5 PagesUnit Title: Unit sector reference: Level: Credit value: Guided learning hours: Unit expiry date: Unit accreditation number: Facilitate person centred assessment, planning, implementation and review HSC 3020 Three 6 45 30/04/2015 H/601/8049 Unit purpose and aim This unit is aimed at those working in a wide range of settings. It provides the learner with the knowledge and skills required to facilitate person-centred assessment, planning, implementation and review. Learning Outcomes The learnerRead MoreEssay on Manage Personal Work Priorities and Professional Development1289 Words   |  6 PagesBSBWOR501B Manage personal work priorities and professional development ASSESSMENT 1 TASK A: RESEARCH RESUME WRITING Four tips to improve my Resume:- 1. Know the purpose of your resume. 2. Back up your qualities and strengths. 3. Sell yourself. 4. Update your resume regularly. TASK B: UP-TO-DATE_RESUME TASK C: PEER REVIEW |Peer’s Name: |Katy Smith |Phone Number: | Read MoreCache Level 3 Diploma for the Children and Young Peoples Workforce (Qcf) England1555 Words   |  7 PagesUnit title: principles of implementing duty care in health, social care or children’s and young people settings  Ã‚   Unit number:  SHC 32  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Unit reference:  R/601/1429      Unit level:  3  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Unit credit level value:  3      |  Name:   |Annam  Khan   |Today’s date:   |   |    1. Understand what is required for work competence in own work role.   1.  Describe the duties and responsibilities of own

Identification Theft And Identity Theft - 947 Words

Our identity is what makes us unique. It is the individual character or personality of an individual, and when a person is a victim of identity theft, it is this distinct characteristic that is stolen Therefore the victims of identity theft often feel a deep sense of violation as they struggle to reclaim their good names. The government must implement better regulations to help put an end to this crime which is affecting millions of innocent Americans. Until then there are three important ways individual must protect themselves against identity theft, customers should understand how identity thieves work, guard their personal information, and learn how to fight back. There are as many as eight or more different types of identity thefts, but these three are the more common types: Financial Identity Theft, Driver’s License Identity Theft, Social Security Identity Theft. Consumers need to know what to do if they are a victim of identity theft starting by knowing the type of identity theft they are dealing with. (Stroup, 2016) Most people recognize and associate financial theft with this type of crime. It involves the use of personal information to create or take over someone’s financial accounts such as (checking accounts, credit cards, etc). Thieves then can acquire the information needed to hack into your accounts or steal your information through computer viruses, data hacking or any other cyber- attacks. It can be frustrating, stressful and time consuming trying to getShow MoreRelatedIdentification Theft And Identity Theft1461 Words   |  6 Pages Identity theft is basically using someone’s personal information without their prior knowledge. One example: is a thief getting ahold of another’s person’s social security and driver’s license numbers and using that information to get a credit card or to buy a car. Anyone can become a victim of this crime because of the sheer countless ways for a person to steal another’s identity. Every state has different requirements for a crime to constitute as identity theft. â€Å"For example: In Wisconsin:Read MoreIdentity Theft And Its Impact On The State Of Florida1276 Words   |  6 PagesIdentity theft is a negative issue in the entire United States, but the state of Florida is where it is most common and where there is the most cases. Due to Florida having the most identity theft complaints, it is important to question just how vulnerable the state is to this form of fraud. However, it is evident that Florida needs to find more efficient ways to limit identity theft drastically, since it has led the nation in identity theft for the past three years. This paper will examine the stepsRead MoreIdentity Theft and Fraud: A Major Threat to the Australian Community1442 Words   |  6 PagesIdentity theft/fraud is becoming a major threat to the Australian community as technology advances. This section of crime produces substantial profits for offenders and causes c onsiderable financial and emotions harm to the victims (Australian federal police, 2014). With this increasing alarm around identity theft/fraud in Australia, there has to be strong legal actions available to counteract the issue. Identity theft/fraud can be defined as a crime of obtaining the personal or financial informationRead MoreThe Identity Theft and Assumption Deterrence Act1823 Words   |  7 PagesInternet identity theft is a serious danger in our world today, victims of this crime have had their lives ruined and in some cases have ended up in jail because of crimes committed by an identity thief. Internet identity theft is â€Å"the criminal act of fraudulently obtaining the personal information belonging to another individual within the realm of a computer or electronic setting.†(1) Throughout the past several years there have been several laws passed to combat and keep up with this ever evolvingRead MoreIdentity Theft Is Not Had A Clear Definition826 Words   |   4 PagesIntroduction Identity theft has not had a clear definition. The unclear definition is due to the complexity of the facts regarding identity theft. Identity theft, also known as ‘the crime of the new millennium’ or white color theft has come to the public eyes due to the impacts of the act (Craats, 2005). Identity theft occurs when a person misappropriates another person’s information and uses it with the intention of gaining some particular advantages. In this case, a person means not only a humanRead MoreIdentity Theft Prevention And Protection1733 Words   |  7 Pages  ¬Ã‚ ¬Ã‚ ¬Ã‚ ¬ Section 10.9 Identity Theft Prevention and Protection The constant evolution of technology has led to the expansion of a crime that feeds on the inability of consumers to control who has access to sensitive information and how it is safeguarded. That crime is identity theft. Identity theft causes financial damage to consumers, creditors, retail establishments, and the economy as a whole. The Identity Theft Policy of NFBS is designed to reasonably detect red flags, respond to red flagsRead MoreIdentity Theft As An Offence1200 Words   |  5 PagesIdentity Theft as an offence: Model criminal law officers’ committee formulated a report on identity crime. Using the term identity crime, they included all the commencements which relate to identity theft and identity fraud. The committee recommended the creation of the following crime model offences: 1. Dealing in identification of information 2. The holding of identification information with the intent of committing, or facilitating the directive of, an indictable offence. 3. Possession of equipmentRead MoreA Case And Electronic Crime Scene1324 Words   |  6 PagesAccording to Schmalleger (2011), identity theft is defined as misusing another person’s personal information for personal gain (p. 382). This can involve a person opening credit cards or accounts in another person’s name (Schmalleger, 2011, p. 382). Considering the nature of identity theft crimes, investigators must rely on electronic crime scenes (Lushbaugh Weston, 2012, p. 248). Therefore, investigators must know how to initiate, conduct and execute an identity theft investigation. This essay willRead MoreThe Role Of Online Health Records855 Words   |  4 PagesIdentity Theft â€Å"Your identity is your most valuable possession. Protect it.† - The Incredibles Technology in today’s world is forever changing providing individual’s with freedoms they were not able to take advantage of prior to advancements. This can offer many advantages to the average American. The use of online health records is a prime example. Many hospitals are providing online access to a patient’s medical records to provide faster results and quicker response time. Those who receiveRead MoreProtecting Yourself from Identity Theft Essay1745 Words   |  7 Pagesin your name and it is your address. You may not believe it, but your identity has been stolen and now someone is out there posing as you, running willy nilly around town with your life in hand. The truth is, there is almost nothing you can do once your identity is stolen. How are you going to explain to a credit card company that you did not purchase anything when everything is in your name? This is what makes identity theft so effective, someone can go in, do large amounts of damage a nd disappear

Global Sourcing Essay Example For Students

Global Sourcing Essay Why would a company go international? There are many reasons why companies would go international, but generally a company goes international so they can seek opportunities in domestic markets, or they seek solutions to problems that cannot be solved through domestic operations. There are many profitable possibilities by going internationally and these include greater profit potential, offers new locations to sell products, it may provide better access to needed raw materials, it may access to financial resources from many nations, and lastly it may allow labour-intensive activities to locate in countries with lower labour costs. For a small business to become an international business they must use five guidelines the first is global sourcing, exporting and importing, licensing and franchising, joint ventures, and wholly owned subsidiaries. The first two are market entry strategies and the remaining are direct investment strategies. GLOBAL SOURCINGThe first step in doing internation al business, this involves manufacturing and/or purchasing of components in different regions of the world and then putting them together to make the final product. The benefit of producing a product in a different part of the world is it can be done at a lower cost. For example Indonesia boasts among the lowest costs in the world, a big domestic market, and proximity to the rest of Asia. As a result, some companies are not merely sticking around they are expanding. Coca-Cola plans to open a new bottling plant next year. All told, over the past three years, the government has approved $26.2 billion in new foreign investment. Officials say foreign investors, apart from petroleum and financial-services companies, employ 3.5 million Indonesians, or 3.5% of the workforce. EXPORTING AND IMPORTINGExporting is the commercial activity of selling and shipping a good or goods to a foreign country. Importing is the commercial activity of buying and bringing in goods from a foreign country. The benefits of exporting and importing are good to a countries economy as it creates local jobs. The Honda plant in Alliston exports the Honda Civic (a three door hatchback and four-door sedan) as well it is the only facility in the world that builds the full-size Odyssey minivan and the Acura MDX sport utility vehicle. LICENSING AND FRANCHISINGLicensing occurs when a firm pays a fee and enters into a licensing agreement giving it the rights to another companys product, resulting in the rights to make or sell that companys product. The potential benefit of licensing is that it is a way to transfer technology from one country to another. Franchising is a form of licensing but instead of buying a product you buy a complete package of support needed to open a particular business. The benefit of franchising is for example Wendys sells a franchise, but they retain certain product and operating controls. JOINT VENTURESIt is a venture by a partnership or corporation designed to share risk or expertise. The benefit of joint venture is that everyone benefits. Both sides benefit from each others markets. In mid-June, Renault announced a joint venture with Suzuki assembler Indomobil that will assemble and distribute several Renault models. WHOLLY OWNED SUBSIDIARIESIt is an operation completely and totally owned by another firm. Thirty-four Arbys Restaurants that are located in the Chicago land area is operated as wholly owned subsidiaries of Lunan Corporation. The reasons outlined above are very important and beneficial to a small company that is going towards the international scene. In all of the examples managements decisions were affected as the firms began to grow, and increase. There are the five steps to follow in becoming an international company.

Redell Company Managerial Structure

Introduction This report seeks to offer a clear point of view on the most favorable managerial structure that would be appropriate for the Redell Company and some extra organizational structures to reach the company’s main objectives.Advertising We will write a custom case study sample on Redell Company Managerial Structure specifically for you for only $16.05 $11/page Learn More Here in this report, the responsibilities, functions and tasks of a controller in an organization will be discussed in a deeper approach to be able to determine whether or not the Redell Company requires a change of system. In the report I shall be assessing the different angles whether positive or negative of both the Martex and the Redell methods of management to determine which is more appropriate and which conforms better to the organization’s objectives. Also in this paper, methods and ways to implement the Martex method in the Redell Company will be highlight ed and discussed. Personal issues can be tragic in respect to the performance and development of a company. In this case study, there are two different points of controllership which are; the corporate controller whose responsibility is to overlook all the financial processes involved in the organization. Chain of command Movement of funds in and out of the company and the way money is spent is solely the responsibility of the corporate controllers of the company. However, the divisional controller reports to the divisional manager who then reports to the corporate controller. From here, information received by the corporate controller is then directed to the organization’s directors (Ashton 49). The structure as described above has many challenges and mishaps in between and it is for this reason the controller is raising his concerns. The fact that the divisional controller reports to the divisional manager is causing concerns that there is a possibility that the divisional manager may be given biased information since he does not get the information first had from the ground. In this particular case, the Redell Company is the main focus and it is clearly seen that the sour relationship between the divisional controller and the corporate controller is affecting the development of this company.Advertising Looking for case study on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Bevin’s solution As Bevins laments the responsibilities of the two departments are the major surce of the current dispute in the organization. Bevins suggests that a control structure similar to Martex be applied to bring this matter to rest. His main interest in this company is to make changes that would place the corporate control in a better position to effect reasonable budgets and analyze its performance. However, this effect is watered down by the division controllers as their loyalty is in the division ma nagers and as Bevin’s laments; they have been maliciously submitting inaccurate and biased information about their performance. Reports on budgets are biased and inaccurate and this has raised concerns about the adequacy of the information offered from the division department. Bevins is suggesting that the best solution towards this problem would be implementing the Martex Company’s method (Banik). The Redell Company like any other business venture’s aim and main objective is to be profitable and increase in growth. The major issue in the case of the Rendell Company is the conflict of interest between the two departments. A corporate controller’s responsibility is to ensure that minimum funds are in the budgetary allocations in order to ensure the maximum profitability of a company. The divisional general managerial responsibilities on the other hand include utilization of the company’s resources in a profitable manner with minimal instances of mak ing losses. The conflict arises as a result of the controller trying to minimize the amount of funds or resources that the manager is asking for (Ashton 49). The management in its own wisdom comes up with a budget but it is the responsibility of the corporate controller to ensure minimum use of funds to realize more profits. This conflict is about different point of views where the manager feels he or she needs more funds to run his or her department and on the other hand the controller sees no need to use such large amounts of the company’s resource in a single department. Strengths and weaknesses The Martex method has both weak sides and strong sides. One of the strengths in the matrix method is the fact that the divisional controllers are free to perform actions without consulting. Goal congruence is achieved through sharing of benefits. Unlike the Redell Company’s method, the Martex method allows for reliable and authentic information sharing.Advertising We wi ll write a custom case study sample on Redell Company Managerial Structure specifically for you for only $16.05 $11/page Learn More However, this method has a number of limitations that can be disastrous to the general performance of the Redell Company. Goal similarities between the divisional controllers and the divisional general managers may be limiting the ultimate objectives of the division (Ashton 49). The divisional controllers may be seen as traitors and not part of the company’s working team. Therefore, they can not work adequately and effectively while they face discrimination and are sidelined by the rest of the team. Having control measures clearly spelt out discourages the managers from making effective and desired budgets. The managers already aware of the possibilities that their requests may be turned down they will refrain from any budgetary submissions that would raise issues. This is very dangerous as the departments may not be well furnished financially hence compromise on its productivity (Anthony). The ultimate consequence is that the working drive goes down and the workers are discouraged hence a high probability of making losses is more (Ashton 49). Workers need to be motivated and driven by favorable working environment and contentment in the working stations. Allocation of resources according to the recommended budgets by the responsible heads is important to follow in order to reach the departmental goals which collectively lead to the greater goal of the company, which is growth and profitability. Control points therefore have a direct influence on the budgetary decisions whether or not they may hamper the function ability of the company. Comparison of the two methods Compared to the Rendell method, the Martex is far much better to go with as will be discussed below (Banik). Some of the strengths in this method include the fact that there is a warm relationship between the division controller and the division general manager. The advantage accrued from this is that information is effectively shared internally. The division controller and his subjects share a common gal as they function as a team. This by extension gives the method the advantage of immediate budget approval due to the direct mutual interaction between the departments. Nonetheless, the method has a number of limitations.Advertising Looking for case study on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More One of the major limitations is the fact that the divisional general manager can easily influence the financial reports and hide and cover instances of misappropriations in the department. This can have adverse implications on the financial well being of the company as embezzlement of funds my lead the company to bankruptcy (Ashton 49). Divisional controller as opposed to the Martex method is not really empowered. This means that while budgetary exaggerations can occur, the relevant authorities to regulate these allocations are not well empowered to stop such a fraudulent actions in the event that one occurs. Another limitation as the corporate controller is complaining is that the flow of information may not be as honest as supposed. There can be cases of irregularities while submitting financial reports to the corporate controller. There stands a greater chance for the division controller and the division general manager to collude to embezzle funds or misuse resources. The Martex Company is notably inclined on the functional organization structure as opposed to the Rendell’s business unit structure. Organization structure is a business structure that puts into accounts things like job distribution, management and regulation. However, organizations are differently structured according to their objectives. The Martex structure of organization shows clearly that the company is more inclined with the central organizational objectives rather than the managerial goals. With the Rendell Company, the general manager’s objectives are the main source of concern. Managerial functions The Martex method allows for the use of the controller. To achieve goal congruence in the Rendell Company, the only alternative there is might be this only way, to apply the Martex method in their system. Goal congruence is only possible when the Martex method is assumed into the organization. It very possible to find that division managers may be tempted to work towards pro tecting their own interests as opposed to the central objectives of the entire organization (Ashton 49). The division controllers should remain under the corporate controllers if goal congruence is to be achieved. The purpose of management is to plan, organize, lead, and control, functions that are fundamental if achieving an organization’s vision is to be realized. Every aspect of management is dependent on the other and no part of management can function without the other. Planning come prior to organizing, planning, leading and controlling. Planning necessitates the evaluation the company’s current performance and the future expectations in regards to the goals set. Good managerial policies will include fruitful decisions on how to reach the stipulated goals and effectively achieve the organizations objectives. Solving the problem Determining the goals and objectives that can effectively help the organization to reach its goals is what good and efficient managerial skills are al about. The Rendell Company for example has discovered some policies that are working in other companies to be effectively useful to their administration. The Martex method is a good example in this case. The company wants to implement these methods to avoid the biasness in its flow of information. Seeing a problem is one thing but implementing policies and ways to shield the company from such activities is a whole different issue. Planning is a constant process to ensure that the company keeps its objectives right and constantly evaluating the situation to be able to know when to make a move and most importantly which move to make (Anthony). Development plans are important to have as they help the company to determine the course of direction to take in response to the objectives set and goals prospected. Every company has their own philosophy or way of doing things that make them unique and things that work to their advantage putting them ahead of the competition. Demo nstrating teamwork and achieving results are the only way to tell how well managerial strategies are being effective and to establish whether or not they are working towards the organization’s objectives or otherwise. In the case of Rendell Company, the strategies laid in the managerial level are bringing the company to a conflict hence the differences between the division manager and the corporate controller. Planning as the foundation of managerial strategies includes the identification and selection of the companies priorities and putting them into perspective to deal with the first things first. Accomplishing the results again is a managerial responsibility and how well this is achieved shows the effectiveness of the strategy. The alternative as discussed above in this paper is more associated with the company’s objectives and organizational system. The suggestion after examining the system followed by the Rendell Company shows that the existing system is more effi cient. Better relationship between division managers and the division controllers gives a solution to the problem of biasness and this enables the division controllers to communicate directly to their superiors (Ashton 49). Tactical issues with this kind of a system in place are dealt with so easily, very conveniently and in a faster way. Corporate controller is more certain in information provided by the division controllers. Loyalty problems are arising because division managers feel undermined and watched and held in suspicion a factor that may lead to more problems in the ultimate end. Maintaining the power system in the divisions can be a good move in this case where a conflict of interest is the main bone of contention. Departmental solution To solve the conflict between the departments, the organization should consider stipulating clearly the roles and mandates of each and every department. The conflict is basically based on miss understanding and unclear information on the o rganizational power structures. It is very crucial for an organization to have his demarcations regarding the powers and responsibilities ironed out properly to avoid such circumstances. The case in Rendell is a clear example of what such uncertainties can create (Verbeeten 123). The organization can clearly highlight changes of departmental powers and make sure these rule are clearly understood and well appreciated. It should be clearly articulated that there is a change in the responsibilities and powers of the corporate controller, the division controller as well as the division manager. These changes are inevitable as the conflict revolve around the same. The unclear circumstances under which the corporate controller can not influence the budgetary proposals from the divisional managers are in questionable. There are other factors that can be considered however to ensure goal congruency in the organization. With the current advancement in the technological world, IT based data s hould be given priority. In such circumstances where information can be influenced and misrepresented to facilitate personal gain and to benefit self at the expense of the common collective good of the organization then IT could come in handy. Technology in the business world and administrative functions is sufficient to provide effective and efficient information without biasness. This can go along way in averting some of the situations as seen in the case of the Rendell Company. In this case therefore, initiating the Martex method needs a careful approach one that would lead to a peaceful and effective transition from the current system into the new found way. Formalizing the new job descriptions for the division controllers should be the first step in this overhaul. All departments shall be served with description letters showing and describing their mandate and positions in the decision making process. Process, procedure and methods should be made public to the members of the or ganization. Having a centralized goal that focuses on the organizational objectives is should be seen as the main agenda in the organization. Focusing on individual managerial objectives with the expectations that it may yield the ultimate common goal can be disappointing at times as there can raise issues of selfishness within the various departments. It should be clearly put that the managerial goals are subsidiary to those of the organization to avoid instance of people pushing for their own selfish agendas. Through out the study, clearly the Rendell Company requires urgent changes to revive its ability reach the set goals. Conclusion For a company to achieve its goals and objectives, there has to be well laid structures that support the intention to reach these goals. This therefore means that the company should always review its policies to ensure that no records of incompetence can be tracked or seen in their activities. Maintaining a good working environment and a clear syste m especially in the levels of hierarchy and power is of paramount importance as it is through workers satisfaction that can get the job done effectively. Workers need to feel protected to give them a sense of belonging to the company and hence to give them motivation to work (Charles Sturt University). Management in every organization is a determining factor on the profitability and the value of the company. Poor management strategies can really have severe implications on the company’s performance and productivity. Recommendations The reason why the two controllers in case above is because one feels undermined and like he is not part of the team as discussed earlier. This feeling hampers his ability to deliver properly in terms of offering services to the organization. This has brought so much tension and is making the two have a conflict. Such conflicts can rise in all levels of the administration and calls for more sober implementation of policies that would avoid such ins tances. In the case we have just studied it is apparent that the Rendell Company requires a more sane structure that would separate the power of the controllers and stipulate each controller with their own position. This would help if the goal congruence is something that a company wishes to achieve whether on the long or short term. Having policies that favor goal congruence is beneficial to the company survival. So as to achieve this though, a good and perfect example has been offered by the Martex company method of management. The corporate controller had already seen this and was suggesting the same be done in the Redell Company to allow for better results and enhance congruence of goals and objectives. In this paper, the advantages and disadvantages of the Martex method as well as the merits and demerits of the Rendell method have been clearly discuses. Works Cited Ashton, David. â€Å"The impact of organizational structure and practices on learning in the workplace.† In ternational Journal of Training and Development. 8.1(2004): 43–53. Web. Anthony, Robert, and Vijay Govindarajan, Management Control Systems, New York: NY, 2000. Print. Banik, Aviroop. Management control system- Rendell Company case. 2012. Web. Charles Sturt University. Organizational Structure. 2012. Web. Verbeeten. â€Å"The Impact of Business Unit strategy, Structure and Technical Innovativeness on Change in Management Accounting and Control Systems at the Business Unit Level: An Empirical Analysis.† International Journal of Management. 27.1(2010): 123-143. Web. This case study on Redell Company Managerial Structure was written and submitted by user Damaris Morrow 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.