HOWCAN MISSING GUARANTED DEADLINES, LATE DELIVERY OF GOODS AND INCREASE IN MOTOR VEHICLE GAS BILL THAT IS IDENTIFIABLE AS A CONTROL PROBLEM CAN BE RESOLVE IN AN ORGANIZATION. WHAT IMPACT DOES THE ABOVE HAS ON THE ORGANIZATION
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HOWCAN MISSING GUARANTED DEADLINES, LATE DELIVERY OF GOODS AND INCREASE IN MOTOR VEHICLE GAS BILL THAT IS IDENTIFIABLE AS A CONTROL PROBLEM CAN BE RESOLVE IN AN ORGANIZATION.
WHAT IMPACT DOES THE ABOVE HAS ON THE ORGANIZATION
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- Chris Dykstra, responsible for loss prevention at Electronics took a deep breath before he launched into making his case for the changes that he was proposing to the company's shoplifting policy. He knew that convincing Ross Chenoweth was going to be a hard sell. Ross, the president and CEO was the son of the founder of the local, still-family-owned consumer electronics chain based in Phoenix, Arizona. He'd inherited not only the company, but also, his father's strict moral code. "I think it's time to follow the lead of other stores," Chris began. He pointed out that most Other retailers didn't bother calling the police and pressing charges unless the thief had shoplifted merchandise worth more than $50 to $100. In contrast, Westwind currently had a zero-tolerance policy toward theft that Ross's father had put in place when he started the business. Chris wanted to replace that policy with one that prosecuted only individuals between IS and 65 who had stolen more than $20 worth of goods, and who had a previous history of theft at Westwind. In the case of first-time culprits under IS or over 65, he argued for letting them Off With a strict warning, regardless of the value of their ill-gotten goods. Repeat offenders would be arrested. "Frankly, the local police are getting pretty tired Of having to come to Our stores every time a teenager sticks a CD in his jacket pocket," Chris pointed out. "And besides, we just afford the costs associated with prosecuting everyone." Every time he pressed charges against a shoplifter who'd made Off with a $10 item, Westwind lost money. The company had to engage a lawyer and pay employees Overtime for their court appearances. In addition, Chris was looking at hiring more security guards to keep up with the workload. Westwind was already in a losing battle at the moment with mass retailers who were competing all too successfully on price, so passing on the costs of its zero-tolerance policy to Customers wasn't really an option. " Let's concentrate on catching dishonest employees and those organized-theft rings. They're the ones who are really hurting us," Chris concluded. There was a long pause after Chris finished his carefully prepared speech. Ross thought about his recently deceased father, both an astute businessman and a person for whom honesty was a key guiding principle. If he were sitting here today, he`d no doubt say that theft was theft—that setting a minimum was tantamount to saying that stealing was acceptable, just as long as you steal too much. He looked at Chris. "You know, we've both got teenagers. Is this really a message you want to send out, especially to kids? You know as well as I do that there's nothing they like better than testing limits. It's almost an invitation to see if you can beat the system." But then Ross faltered as he found himself glancing at the latest financial figures on his desk—another in a string of quarterly losses. If West-wind went under, a lot of employees would be looking for another way to make a living. In his heart, he believed in his father's high moral standards, but he had to ask himself: Just how moral could Westwind afford to be? Continue Westwind's zero-tolerance policy toward shoplifting. It's the right thing to do—and it Will pay Off in the end in higher profitability because the chain's reputation for being tough on crime Will reduce overall losses from theft.Chris Dykstra, responsible for loss prevention at Electronics took a deep breath before he launched into making his case for the changes that he was proposing to the company's shoplifting policy. He knew that convincing Ross Chenoweth was going to be a hard sell. Ross, the president and CEO was the son of the founder of the local, still-family-owned consumer electronics chain based in Phoenix, Arizona. He'd inherited not only the company, but also, his father's strict moral code. "I think it's time to follow the lead of other stores," Chris began. He pointed out that most Other retailers didn't bother calling the police and pressing charges unless the thief had shoplifted merchandise worth more than $50 to $100. In contrast, Westwind currently had a zero-tolerance policy toward theft that Ross's father had put in place when he started the business. Chris wanted to replace that policy with one that prosecuted only individuals between IS and 65 who had stolen more than $20 worth of goods, and who had a previous history of theft at Westwind. In the case of first-time culprits under IS or over 65, he argued for letting them Off With a strict warning, regardless of the value of their ill-gotten goods. Repeat offenders would be arrested. "Frankly, the local police are getting pretty tired Of having to come to Our stores every time a teenager sticks a CD in his jacket pocket," Chris pointed out. "And besides, we just afford the costs associated with prosecuting everyone." Every time he pressed charges against a shoplifter who'd made Off with a $10 item, Westwind lost money. The company had to engage a lawyer and pay employees Overtime for their court appearances. In addition, Chris was looking at hiring more security guards to keep up with the workload. Westwind was already in a losing battle at the moment with mass retailers who were competing all too successfully on price, so passing on the costs of its zero-tolerance policy to Customers wasn't really an option. " Let's concentrate on catching dishonest employees and those organized-theft rings. They're the ones who are really hurting us," Chris concluded. There was a long pause after Chris finished his carefully prepared speech. Ross thought about his recently deceased father, both an astute businessman and a person for whom honesty was a key guiding principle. If he were sitting here today, he`d no doubt say that theft was theft—that setting a minimum was tantamount to saying that stealing was acceptable, just as long as you steal too much. He looked at Chris. "You know, we've both got teenagers. Is this really a message you want to send out, especially to kids? You know as well as I do that there's nothing they like better than testing limits. It's almost an invitation to see if you can beat the system." But then Ross faltered as he found himself glancing at the latest financial figures on his desk—another in a string of quarterly losses. If West-wind went under, a lot of employees would be looking for another way to make a living. In his heart, he believed in his father's high moral standards, but he had to ask himself: Just how moral could Westwind afford to be? Adopt Chris Dykstra`s proposed changes, but with a higher limit than the proposed $20 amount (say, $50 or $100), but which is still less than the cost of prosecution. In addition, make sure that the policy isn't publicized. That way, you'll reduce costs even more and still benefit from your reputation for prosecuting all shoplifters.Chris Dykstra, responsible for loss prevention at Electronics took a deep breath before he launched into making his case for the changes that he was proposing to the company's shoplifting policy. He knew that convincing Ross Chenoweth was going to be a hard sell. Ross, the president and CEO was the son of the founder of the local, still-family-owned consumer electronics chain based in Phoenix, Arizona. He'd inherited not only the company, but also, his father's strict moral code. "I think it's time to follow the lead of other stores," Chris began. He pointed out that most Other retailers didn't bother calling the police and pressing charges unless the thief had shoplifted merchandise worth more than $50 to $100. In contrast, Westwind currently had a zero-tolerance policy toward theft that Ross's father had put in place when he started the business. Chris wanted to replace that policy with one that prosecuted only individuals between IS and 65 who had stolen more than $20 worth of goods, and who had a previous history of theft at Westwind. In the case of first-time culprits under IS or over 65, he argued for letting them Off With a strict warning, regardless of the value of their ill-gotten goods. Repeat offenders would be arrested. "Frankly, the local police are getting pretty tired Of having to come to Our stores every time a teenager sticks a CD in his jacket pocket," Chris pointed out. "And besides, we just afford the costs associated with prosecuting everyone." Every time he pressed charges against a shoplifter who'd made Off with a $10 item, Westwind lost money. The company had to engage a lawyer and pay employees Overtime for their court appearances. In addition, Chris was looking at hiring more security guards to keep up with the workload. Westwind was already in a losing battle at the moment with mass retailers who were competing all too successfully on price, so passing on the costs of its zero-tolerance policy to Customers wasn't really an option. "Let's concentrate on catching dishonest employees and those organized-theft rings. They're the ones who are really hurting us," Chris concluded. There was a long pause after Chris finished his carefully prepared speech. Ross thought about his recently deceased father, both an astute businessman and a person for whom honesty was a key guiding principle. If he were sitting here today, he`d no doubt say that theft was theft—that setting a minimum was tantamount to saying that stealing was acceptable, just as long as you steal too much. He looked at Chris. "You know, we've both got teenagers. Is this really a message you want to send out, especially to kids? You know as well as I do that there's nothing they like better than testing limits. It's almost an invitation to see if you can beat the system." But then Ross faltered as he found himself glancing at the latest financial figures on his desk—another in a string of quarterly losses. If West-wind went under, a lot of employees would be looking for another way to make a living. In his heart, he believed in his father's high moral standards, but he had to ask himself: Just how moral could Westwind afford to be? Adopt Chris Dykstra's proposed changes and show more leniency to first-time offenders. It is a more cost effective approach to the problem than the current policy, plus it stays close to your father's Original intent.
- INFORMATION TECHNOLOGY FOR MANAGER BY GEORGE WALTER REYNOLDSWhat is the goal of an organization’s system of internal controls? Provide several examples of good internal controls and several examples of poor internal controls.You are assessing internal control deficiencies and how you can recommend proposals in payroll and personnel cycle for Wendell Company, a manufacturing company specializing in assembling kitchenware parts. Wendell employs approximately two hundred seventy-seven salaried employees in three locations, Teresa Branch, Pureza Branch, and El Pueblo Branch. Each location has one foreman who is responsible for overseeing operations. The owner of the company lives in Rockwell, Makati and is not actively involved in the business. The two key executives are Leni, the vice president of sales and Rachel, the controller, and both have been employed by the company for more than twenty years. New hourly employees are hired by the foremen at each location on an as needed basis. Each foreman recommends the wage rate for each new employee as well as wage rate increases. The effectiveness of employees varies considerably, and their wages are adjusted accordingly. All wage rates are approved by the…1. What is the key difference between causal and effectuation thinking process? a) Causal focuses on what is in the hand, but effectuation don’t look what is in the hand b) In both processes, the resource and outcome is determined c) In causal process, the outcome is already determined, but for effectuation, there is a range of possible outcome. d) Involves the ability to rapidly sense, act and mobilize 2. Which one of the following are the characteristics of the traditionally managed firm? a) Episodic use of rent of required resources b) Opportunity search restricted by controlled resources c) Rapid growth is the top priority d) Management structure is flat with multiple informal networks 3. Lego has been changing the materials of its famous bricks to biodegradable oil-based plastics, what type of entrepreneurial thinking is this? a) Bricolage b) Cognitive adaptability c) Superficial similarities d) Structural similarities 4. Nirob has BDT 10000, a high-speed personal computer with…
- Which is not a component of Internal Control? a. Control Procedures b. Control Activities c. Risk Assessment d. Information and Communication e. MonitoringThis question has two parts; be sure to answer both. Explain the four factors essential to successful implementation of an OD. Next, assume that you manage the U.S. office of a multinational corporation that has offices in Europe, Asia, and South America. You are having difficulty with your company’s product receiving many negative reviews on Amazon, Yelp, and other online shopping sites. Citing each of the four factors, describe how you will improve the situation.is a prerequisite for the design or goal of any Management Control System. Select one: O a Objectives O b. Planning O c. Control O d. Management responsibility
- Chris has been with Drake Manufacturing for five years and was recently promoted to the position of shift supervisor. He is still learning his new position, and it is important to him to be liked and respected. At the most recent operations review meeting, the director reported that the company’s financials are troublesome, and managers should be prepared for a major reorganization. Several jobs will be eliminated, but it had not yet determined which departments would be affected. Questions 1.Should he give his employees “small doses” of the impending change?Chris has been with Drake Manufacturing for five years and was recently promoted to the position of shift supervisor. He is still learning his new position, and it is important to him to be liked and respected. At the most recent operations review meeting, the director reported that the company’s financials are troublesome, and managers should be prepared for a major reorganization. Several jobs will be eliminated, but it had not yet determined which departments would be affected. 1.Should he tell his employees what happened so that they can prepare for the change?In a top manufacturing business, a meeting was held to discuss the significance of a management role that was crucial in satisfying the expanding demands of capable workers and resolving challenging problems involving human behaviour at work. They also talked about an organization's most crucial resource. In the scenario above, which management function is indicated? Give 3 other functions of in this Case.