authorized person appointed by the management to check the internal affairs of the organization not mandatory by law” According to Professor Walter B. Meigs: Internal auditing consist of a continuous, critical review of financial and operating activities by a staff of auditors functioning as full time salaried employees. Introduction: Internal audit is the independent appraisal of activity within an organization for the review of accounting, financial and other business practices as protective…

In order to achieve a competitive advantage, an organization must have resources, competencies, and capabilities. Resources are what an organization utilizes to create value in the organization. Resources are imperative to the organizations value and are tangible and intangible. Tangible resources are financial, physical, and labor. “Robert Kaplan and David Norton point out that unlike financial and physical resources, intangible resources are hard for competitors to imitate, making them a powerful…

Effects of Motivation on Employees’ Job Performance in an Organization The primary objective of this paper is to describe, analyze and evaluate the effects of motivation on employees job performance in an organization. Furthermore, this aims to give insight to employees and administration who are working within an organization. The importance of motivation and how it affects an organization's performance in it's entirety, will be the best deciding measure between good and bad motivational…

issues within an organization and without strategic collective leadership, an organization will not be successful in achieve their mission. Many organizations should recognize the volatility in which they are operating and understand that generation, refinement and revising of business processes is the only key to business success (Senugpta, 2006). As a leader it is also important to be able to identify areas of improvement and evaluate progress for the betterment of the overall organization and the…

for employers of the Institute of Marine Engineering, Science and Technology (IMarEST, 2001) states that CPD is the term that describes how employees maintain their competence in the workplace. CPD comprises of updating particular areas of competence, developing personal and management skills and broadening experience leading to new opportunities. The challenges and opportunities of the work experience provide the central mechanism for maintaining CPD and professional and other organizations should…

WHAT IS JOB ROTATION? Job rotation is the surest way of keeping the employee away from complacency and boredom of routine. It is difficult for an employee to sustain his interest in a given Job for any substantial length of time as humans have the tendency of outgrowing their jobs through the learning and experience that they gain over a period of time. Stimulating human mind through diversity of challenges is a sure way to bring to forefront its creative instincts and in taking the individual and…

purpose of this essay is to provide a comprehensive understanding of the competitive advantage concept and its challenging issues that are important for every firm to operate effectively and efficiently. This paper also outlines and discusses the theoretical of achieving sustainable competitive advantage within an organization and the viewpoint of this concept to the modern competitive environment. Competitive advantage, which has two main types: cost leadership and differentiation, helps firms survive…

expectations into a business model is not just about implementing change in an organization. It's about recognizing that change is for a reason of improving the wider social or community benefits and integrating bottom line profitability potentials. To make this happen, there has to be a blending of these values such that both elements of the new organization are realized an effort that is only now just beginning to happen (. Many organizations seem to want to achieve this goal even if it means moving…

Implementing rich management practices within an organization has been a keen factor for the success of any organization operating in the 21st century 's highly volatile and sophisticated business environment. Having mentioned that, modern corporate managers are constantly trying to effectively achieve their pre-set goals and improve the performance by efficiently using the limited resources available. That indeed is the concept of efficient management in an organization. That being said we can…

MLOS514 Business Case - (Name ) (Date) Business Case Title Implementing daycare for the employees within a hospital. Business Case Name Step 1. Employees within a hospital play a vital role for humanity. Their work is one of the most demanding since they are work towards ensuring recovery of the sick. For instance, the doctors have to diagnose patients and treat them, nurses have to keep…