Main plans to turn Motorola around Essay Example | Topics and Well Written Essays - 750 words

Main plans to turn Motorola around - Essay ExampleAs set forth by Crockett and Reinhardt, the first element of his plan was to embroider management, by reviewing performance and then firing the bottom 10% of managers. He then targeted the product line for new development within the mobile border and semiconductor departments. When Zafirovski came to the company, Motorola had a wide variety of products distributed among its six businesses. His third move was to reassess the portfolio with the objective of determining whether the company should retain all of the businesses or com intruster memory the assortment. With those operational and product strategies moving forward, he turned to fiscal concerns. In an obvious move for a company with financial troubles, he sought to cut back costs. By reducing the workforce, shutting down some factories, and trimming the number of cell phone platforms, he increase the cash flow of the organization. Finally, he targeted the companys semiperma nent debt for reduction (58). By employing these five broad strategies, Zafirovski was able to increase performance and product lines, focus his team on what was working, and increase the cash-flow and gross profit margins of the organization.As a member of the board of Motorola, the first question is how I would approach the hiring of a successor. With Zafirovskis duties being transferred to the CEO for the moment (Haley 1), it is important that the board move swiftly to replace the operations officer. That said, however, succession planning is an ongoing and complex endeavor that is necessarily broad in scope. It therefore presents significant barriers to both implementation and long-term maintenance (Bowley, 6). The board cannot afford to rush the process and take the chance of putting the wrong person in such a paint position. Zafirovskis well-planned moves put Motorola into a state of good transition, and the right candidate must be able to consolidate the internal an externa l relationships of the company. Using key industry contacts and networking with new(prenominal) members of the business community, I would conduct research into finding a pool of measure up candidates. Once I had identified five or six qualified and available people, I would arrange in-depth interviews with them to determine their compatibility with the CEO, mid-level management, and all strategic partners of Motorola. I would also ascertain the candidates management philosophy and style, as well as exact their opinions of Zafirovskis strategies. I would request that they confirm whether they would maintain the focus set by Zafirovski or, if not, what their strategies might be. Predicated upon the answers I received, I would vote to hire the candidate that presented the best mix of strengths within the parameters I had set.As to keeping Zafirovskis reforms, my answer is an unqualified yes. In two years, his strategies had turned the company around from losses to profits, and posi tioned Motorola ahead of some of its key competitors, Lucent Technologies and LM Ericsson (Crockett and Reinhardt, 58). The shareholders of the company have to be happy with that

AuditingSelect a company quoted on the UK stock exchange. Obtain, or Case Study

AuditingSelect a company quoted on the UK stock exchange. Obtain, or download a copy of, the companys last annual report c - eluding Study ExampleThis report will touch on the key battlegrounds of audit risk that have heightened in the audit report for the year coating 30th April 2012. The main sources of information will be the annual report, respective audit procedures and any other relevant sources. Areas of increased risk a) taxation re-create Couch Groups revenues are generated from the three main divisions (continuing operations) which include Rail, UK Bus and North America as a number of joint ventures. Revenue is a key area of concern as it is used in assessing the groups overall growth and performance (Stage Couch Group one-year report 2012). As pointed out in the companys annual report for the year ending 30th April 2012, the overall performance was as a result of increased sales in all the three divisions. The revenue increased by 7.76 per cent in 2012 from the 2011 financial team. There are times when the management of a company may misstate the revenue with the aim of impressing togors, the top level managers or the board of directors. The group recognizes revenue share amounts collectible or receivable in its income statement at the same period in which related revenue is recognized. The revenue obtained from maintenance income and advertising incomes is treated as miscellaneous revenue by the company. The management of the company says that the company had performed well. However, the low percentage increase in revenue from 2011 to 2012 may be an issue of concern. A 7.76 % increase in the total revenue may be an indication of misappropriation and misstatements. This is a reason why the increase in revenue is an area of increased risk. Investors motive is to invest in a company that performs well and indicates growth. They get information of a company through the financial statements so as to make investment decisions (Stage Couch Group yearbook report 2012). Therefore, if the revenue for instant does not indicate any growth, they will not invest in that particular company. Other times human error might occur when recording revenues or revenue may be recorded at the wrong time. This is another reason of concern on revenues. The audit procedure here is for the auditor to have an understanding of the company and the industry in which the entity operates so as to have a better assessment of the auditing procedures outcome. Audit procedures would also include vouching and verification procedures and analytical review of the financial statements. b) Cash When the company has sufficiency cash, it means that its liquid state position is secure. Cash balances and receipts usually affect the profits of a business. Stage Couch Group cash balances decreased to ? 241 in 2012 from ? 358.3 thus this is a key area of concern that calls for scrutiny of internal controls to detect any error or fraud (Stage Couch Group Annual repor t 2012). The auditor uses analytical procedures as the audit procedure in detecting any fraud. He compares the cash balances with the projected cash and if the balances exceed or fall below the years expectations, tests of detail are performed. Cash is an area of concern because the management might overstate it to cover up on its liquidity position. c) Accrued receivables According to the 2012 financial statement, accrued receivables decreased to ?16.4 million in 2012 from ? 19.4

Arguments For And Against Resistance To Change Essay

Arguments For And Against Resistance To Change - Essay ExampleWith evidence of companies failing to turn owing to immunity by employees, it is no wonder that organizations invest great time and resources to conduct training and coaching in order to reduce resistivity to change. While there are strong tunes that support this view, there are various reasons to prove that managing opposition to change may, in fact, may not be a good idea always. One reason why resistance to change may be cropive is that it prevents bad/wrong ideas from being assimilated in the organization. Employee resistance to change on the wholeows firms to rethink why they are changing. In other words, it allows leadership to reconsider the business case for change with a critical perspective. If all employees agreed and there was no resistance, clearly counsel could oversee the downside of changing making it unprofitable for the firm in the long run. Furthermore, because resistance to change much comprise s of the fear factor (including loss of status, power or even job for employees), it encourages the top management to discover the impact that change would have on the lot. Therefore, resistance to change is essential in the sense that it allows management to develop an open-ended view of change and consider the drawbacks of change. By doing so, managers can then diminish up with policies and procedures to counter the drawbacks and make change more workable and feasible for employees. Furthermore, the fact that resistance is seen as a problem to change leads management to hail strategies to overcome rather than engage it. Managers may often go at length to reduce the threat of resistance and, in doing so, may adopt tactic that may be harmful to the organization. As a result, it is common to find management taking on an overly defensive role in onerous to push the change too hard as well as become overly protective of their status in trying to win the argument against disgruntle d employees (Watson, 1982). This occurs because management views resistance to change as a reactive process in which agents possessing power oppose the reactions of other agents (Jermier et al., 1994). This leads them into an evitable trap whereby the management becomes overly concerned with protecting their position and argument rather than listening to what the disgruntled employees have to say. As a result, communication is reduced and the situation evolves into a manager-employee conflict. This stems from the fact that managers may alienate employees who are seen as obstacles rather than resources for change. Consequently, this conflict results in loss of reputation and poor relationships with employees, thereby reducing the morale of employees. Additionally, managing resistance to change often brings with the incorrect assumption that resistance is a one-sided phenomenon. Managers may become overly simplistic to assume that resistance is caused only by the attitudes and behavio rs of employees. In fact, many models, such as three dimensional model of change, are based on the inherent assumption that resistance is solely the product of the behavior, emotions and attitudes of the employees (Hayes, 2010). Under this view, managers attempt to see the resistors as irrational and self-centered and consequently, try to block their interference in the change process. Although this true, resistance to change can be attributed partially to the way in which the organization is bringing about change and the behavior of managers in this respect. Therefore, managers who hold this view often ignore the fact that resistance to change is, in fact, feedback and that it must not be blocked or reduced but dealt with

Statistical techniques in engineering Management Essay

Statistical techniques in engineering Management - Essay Example(d) Since central limit theorem uses a sample of the population that is chosen at hit-or-miss it will not affect the location and the spread of the data. The data will follow the same normal distribution curve as the entire population. The mean, normal and mode will be the same or approximately the same as that of the entire population.(b) Fixation indices- is the description of the expected level of heterozygosity in a given data. It is used to determine or measure the correlation between data drawn from different levels of a subdivided entire set of data.(c) Analysis of mutation (ANOVA)- is set of statistical models and the procedures entailed, in which the variance in one variable is subdivided to different sources of variations. It is commonly used to test average of different groups of set of data.Because if the work out inputs are correct and accurate, if the method of calculating and analyzing are correct the process output will be accurate or near accurate. If you concentrate on a process output the inputs might not be correct and even with the correct analysis the the output is bound to be wrong and consequently misleading.(a) Primary Data-this kind of data is collected limitedally with its objective in mind. It was collected for a specific purpose. An example is data collected from staff or clients in form of questionnaires or data collected from the variation of a product in a manufacturing process.(b) Secondary data- is data that was collected for a specific purpose but now it is being reused for another different method. For example using questionnaires and sign analysis to calculate the viability of something new or use of initial set of variations results of a product to predict the likelihood of it occurring

Journal Articles Research Paper Example | Topics and Well Written Essays - 500 words

Journal Articles - Research Paper ExampleAlthough there is not much difference between a manger and a leader most football managers assume the role of maximizing the output of the sports team by potently organizing, staffing and directing. Moreover, this paper sought to distinguish characteristics that would lead to the employment of an effective manager to help direct the future success of a sports team. Unfortunately the paper did not distinguish a simple clear burn manager characteristic and postulated that effective management varies across player characteristics and the organizational environment. The next section of the paper distinguished lead qualities. Quite simply leadership was defined as the attempt to influence others through a variety of mechanisms. Unfortunately the relationship between manager and player is complex and depends largely on the organizational goals (Maintaining team status for example). Without getting into too much detail the paper outlined a great deal of early research pertaining to traits and skills of effective leadership but what proved to be very effective was a strong degree of consistency. Interactional approaches to leadership was covered in brief up to now stressed the importance of differentiating between task-oriented football managers and relationship oriented football managers.

Contemporary Issues in Marketing and Management Essay

Contemporary Issues in Marketing and Management - Essay ExampleAlso, the SPIN framework is critiqued and analysed in drift to provide information about how societal media goat be employed to help stakeholders in the film industry to maximise their offerings and activities in relation to the outturn and sale of films to the wider society and community.The Internet is the largest computer network in the world. It is a platform on which most computers can connect and get access to dual-lane information from different parts of the world and this has created a unique and distinct marketplace for people to interact. This network has been utilised by various business and unified entities in the world and there is the possibility of the film industry using it to achieve various forms of results in their marketing and promotion of affairs. To this end, it is important to analyse the concepts of social media and viral marketing. This is because they provide the basis for the analysis of the practical application and utilisation of the Internet for business purposes. affectionate media refers to the use of web-based and mobile technology to communication into an synergetic dialogue (Evans, 2012 p62). This means that social media relates to the use of the Internet to create platforms on which different people and different individuals can interact and exchange various forms of information.Social media therefore involves various social channels that changes over time. These channels offer the space within which people can interact and communicate in edict to share ideas and thoughts. The audience and people who use the social spaces on the Internet take an active part in the communication and interactions on these social media channels. Thus, such(prenominal) media channels that exists on the Internet can be utilised by various film producers and film marketing and promotion entities to get their information and views known. This can be done through the professional use of information and data

NO TOPIC Assignment Example | Topics and Well Written Essays - 250 words - 1

NO TOPIC - Assignment ExampleThis is evident in the fact that a panel of judges is carefully selected to question the inventors at all possible angles concerning their ideas and what good they would be to the customers.The invention of these employees is related to sales and marketing in the sense that the employees are required to have a raise targeted market in mind even during the conception of the idea itself. They are clearly asked what market their focus is centered on.This key principle of innovation calls for originality. In order for the company to take up the idea and actually invest in it they need to know if it is original or merely an improvisation of individual elses brainchild. The judges clearly ask the employees if they are indeed mining an opportunity not currently practiced in the industry.Another key component part about innovation is details. Each product, in order to sell, must have well-defined details about what the clients are actually purchasing and what they will use it for as well as the how. This is evident in the article as noted from the judges