The Importance of Human Resources Management - 1233 Words

The economic environment in nowadays dynamic, it is fairly important for organisations and managers to recognise the curtail of Human Resource Management. It is clear that Human Resource Management (HRM) has become one of the most recommend management strategy in the modern business (Leopold and Harris, 2009). Human Resource Management is a technique process of managing people in the workplace to enable and enhance organization performance (Leopold and Harris, 2009). This theory involved the responsible to attracting, selecting, training and managing people which make employees become more valuable to the organisations. It invests effect in learning and development at work. Also to communicate with all employees at each level to reward successful employee relations (Wilton, 2011). Human Resource Management plays a very important role in the operation strategy and management concerns in work organisations of all kinds (Leopold and Harris, 2009). In aim to justify this statement by eva luate the benefit and importance of Human Resource Management in contemporary work organisations. This essay will focus on analysis the advantages of use Human Resource Management in business also underline by explain more detail about the different HRM strategy brings benefits and give competitive advantages impact to the organisation success. Then summarise by a general conclusion on the importance of HRM in contemporary work organisations. Human Resource Management has been generally usedShow MoreRelatedHuman Resource Management And Its Importance1517 Words   |  7 PagesIntroduction In the 21st century, human society has undergone tremendous changes, it began to change from the industrial economy to a knowledge economy era. Economic globalization and improve the level of global competition, organizations have had to make full use of all their resources to ensure its survival and development. As an important resource organization human resource organization also attracted more and more attention. Effective human resource management has become a key organizational developmentRead MoreThe Importance of Human Resources Management670 Words   |  3 PagesHuman Resources Management Human Resources Management is a significant and very large area of business. It came about through the need to focus on what people were doing with their lives in the workplace that was not specifically related to actual work. In other words, there is more to the workday than the work that is being done, and people who work closely with one another can and should get along. Rules and regulations to facilitate this were needed, and had to be created on the individualRead MoreThe Importance of Human Resource Management1287 Words   |  6 PagesHuman resource management (HRM) is undoubtedly being considered as an indivisible element of the organisations from the outset. From recruitment to employee retention, HRM has always committed to assist company to search and retain talents that have values toward the sustainable development. In view of the fact that, there are several studies with evidences presented to prove that there is a relationship between HRM and organizational performan ce, in which some HRM theorists also suggested that thereRead MoreRoles And Importance Of Human Resource Management Essay1693 Words   |  7 PagesAnswer1. Roles and Importance of Human Resource Management Human Resource Management is the procedure of requirement, selection, giving orientation , making giving trainings to employees and the creating skills, appraisal of worker , giving remuneration and advantages, benefits, providing motivation, keeping up workers security, welfare and wellbeing by following work laws of concern state or nation. Human Resource Management is the procedure of usage of accessible restricted talented workforceRead MoreThe Importance of Human Resource Management Essay1439 Words   |  6 PagesArmstrong (2006) defined Human Resource Management as a strategic deployment of an organisations most valued assets; the people working there, who individually and collectively contribute to the achievements and the objectives of the business. Links between HRM and performance are predominantly focused on the following practices: sophisticated selection and recruitment methods, training, teamwork, performance-related pay and employment security (Wall, Wood, 2005). Pro ducts can be copied, methodsRead MoreImportance of Human Resource Management Essay1177 Words   |  5 PagesHuman resource is the most valuable asset of an organisation as it is the source of operational performance and competitive advantage in an organisation. An asset, by definition, is a useful or valuable thing or person. An organisation comprises of three types of assets, namely; financial assets, physical assets (infrastructure and equipment), intangible assets. Intangible assets include intellectual capital (patents, copyrights and trademarks), social capital and human capital. The creative thinkingRead MoreThe Importance Of Human Resource Management Within The Business1738 Words   |  7 Pages The Importance of Human Resources in Small Business Derrick Rowley Business 224 Dennis Oden 7 June 2015 â€Æ' Abstract Within this paper you will find that HR is vital to all businesses, but can greatly affect the long-term success of a small business. Small businesses can have a difficult time finding qualified individuals to help with the production side of the business. That is why having human resource management within the business is so important. HR sets the planning process and withinRead MoreThe Importance Of Human Resource Management For Any Organization1495 Words   |  6 PagesINTRODUCTION This report provides the understanding and importance of Human Resource Management for any organisation. The report shows how HRM contributes in any organisational achievements. In this report HR planning and development methods are examined in detail and the way to improve HR performance are suggested. COMPANY BACKGROUND The Coca-Cola Company is one of the world’s top soft drink makers. Coca-Cola owns the best-known soft drink brands such as, Coca-cola, Diet Coke, Fanta and SpriteRead MoreHuman Resource Management and Its Importance to Businesses Today2964 Words   |  12 PagesRhonda S. Culvahouse Human Resource Management and Its Importance to Businesses Today MGT 445 Human Resource Management Professor Robert Borger June 4, 2009 Human Resource Management and Its Importance to Businesses Today Introduction In order to understand what Human Resource Management is, one must understand what a resource is. Resources are assets that one has access to, and therefore, can rely on. In our own personal lives we rely on resources of various types such as our money, ourRead MoreHuman Resources Management Importance, Benefits And Effects Of The Organization918 Words   |  4 PagesSUBJECT: Human Resources Management Importance, Benefits and Effects in the Organization. 1. Purpose: The purpose of this memorandum is to outline and defend the benefits of having a Human Resources Management (HRM) in Green’s Hospitals. Green’s Hospital is a leading medical facility that is facing some human capital challenges. A Human Resources Department will help the stake holders and the board of direct 2. HRM practices can help the hospital to deal with the competition in the following

How Art Has A Strong Influence On Finding A Person s...

In our current technological era, the beauty of art and literature has been forgotten despite its heavy importance in the past. For my Rhetoric-In-Practice project, I wanted to create a product that corresponds with the message of Emily St. John Mandel’s Station Eleven. I created a website that highlights the message of the novel that art has a strong influence in finding a person’s identity. This website is intended to be accessed by a technological literate audience of all ages since this type of audience tends to be the ones who prefer technology over art and literature. The purpose of this website is to introduce Station Eleven, and make my audience realize that the use of art to reflect and express themselves is important for their physical and emotional health. The use of Station Eleven with this project was crucial due to the fact that the novel contains characters, which I used on the website, that are relatable to many types of audiences. The thing that fueled me to create this project was research and personal experience. Being in a big family I notice that lack of people in my family who have creative influence with their lives being surrounded by technology. It is hard to see my younger cousins who value their iPads more than their books. Through research, I found statistics showing that the amount of people of own technology through the years. The Pew Research Center has numbers that show the continuous annual growth of technology ownership with cell phonesShow MoreRelatedGender Roles : Women, Gender, Sexuality And Other Facets Of Identity1623 Words   |  7 PagesGender roles play as an important role in how the society has interpreted the distinction between the male and the female. The distinction of different gender roles evolves over time, with the constant influence of â€Å"class, ethnicity, sexuality and other facets of identity†. (Judith Butler, 1990) This essay will consider three distinctive examples of how artists have questioned gendered stereotypes over time. The essay will also explore examples of female being represented as male and male beingRead MoreCultural Identity In Deaf Culture1444 Words   |  6 Pageschoice they’re automatically born into their cultural identity by naturally acquiring their language, accustoms, and/or taught other cultural fundamentals. This may reflect different ways or aspects of how importance five-factor models of personality, language, or learned gestures may play a role in a family or their culture based on the majority and minority which speaks also as a method of communication. Understanding there’s another way identity labeling may intercept cultural similarities and dissimilaritiesRead MoreThe On Art World And Class Structure1648 Words   |  7 Pageshistory, it has always been argued that economic power affect art. By voluntary means, we produce, trade, buy and sell our p roducts that would benefit us in various ways. Economic power allows people to exploit their resources in a free market. It has the ability to help others successfully reach prosperity. Some philosophers claim economic power has a huge impact on art, whereas other philosophers express a different opinion. Davis and Freeland believes economic power influences art, but Todd disagreesRead MoreAnalysis Of John Stuart Mill s Flags, Anthems, Art, And Traditions1693 Words   |  7 Pagesbeyond one s immediate family and friends.† (Casas, 4) It has the ability to create strong feelings of loyalty and devotion to one’s country. Love and pride can be expressed in many different ways such as in the creation of flags, anthems, art, and traditions. Developing a sense of nationalism comes with determining one’s self image and identity. These are all formed from experience and relationships between other citizens from your nation. 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Career Research Report of Different Industries †Free Sample

Question: Section 1: You are required to research three specific areas of employment in the industry in which you are interested in pursuing a career. Your research should be undertaken with respect to discussion ofall aspects of the field including the following: the nature of the work, the environment, the education, skills, training and personality traits required to be successful, average salaries, the labour market outlook, related positions and typical employers. Sources to use include: books, periodicals, newspapers, professional journals, trade journals and websites. Section 2: This section of the assignment requires you to research a specific employer in each field you have researched in section 1. You are required to include the following in your report: the nature of the employer including the size of the organisation, its history, the organisational structure, its culture and/or mission, branches or subsidiaries, clients or customers, products or services, opportunities for promotion, etc. Most medium to large size organisations have this information on their web site, however you are encouraged to research information from other resources other than the organization itself. Section 3: A description of the typical career path one follows as he/she advances in this career. What is an entry-level position? What are other names of entry-level positions? Is there more than one path one could take? What are the middle to upper level positions? What qualifications are required? Section 4: Your reflection on the above three sections. For instance, reflect on how well you think you would fit in with this employer. Describe your satisfaction in working in the career field you have investigated. How has this research confirmed or changed your plans and why? Are there any areas in which you need to continue to develop skills? Which aspects of the field/position do you like/dislike and why? Which aspects/characteristics do/do not fit? Refer to the exercises completed on interests, skills, and values. Specifically state how there is, or is not a match among these. Thorough and thoughtful analysis is critical to this section. Give specifics! Answer: Introduction In this report, a research on the three specific area of a position in three different industries has been analysed. Automobile, Fashion and Textile has been focused for the assignment. It includes the skills and job profile required for the post. Further, job areas considered in the file is tax accounting, management accounting and finance accounting. The report will include description nature of work, work environment, qualification required and self-reflection on each profile. In addition to this, the present study also reflects the manner in which I have changed my plans and values after completing this research in order to get better job opportunity in a future period. Automobile Industry S1: Three specific areas of employment Nature of work I am interested in working as a finance manager for a corporate. Functions of finance manager are similar to the position of treasurer. Finance manager continues dealing with in-house financing operations and efficiently matching up customer need with its credit has to be done. They are required to assist the management team in making operational decisions (Nasseri, Yazdifar and Askarany, 2016). For this aspect, they are required to plan financial activities to enhance return on the environment along with making a reduction in risk. Primary accountabilities of this profile are the management of funds, budgeting and financial analysis. Environment For this job profile, primarily an office environment will be required. Further, I will be required to visit subsidiaries in order to review their operational activities for preparation of the better financial plan. By considering overall business activities financial planning will be done to achieve aims and objectives of organization in an effective manner. Education and skills Initially, bachelor degree will be required in finance or accounting. Further, MBA with major in business or finance will be required. Experience and knowledge of the industry is an essential requirement (Parmenter, 2015). Minimum experience will be of 5 years of working on a similar profile on major corporate. The previous study shows that preference is provided to individual having qualification of Certified Management Accountant or Certified Public accountant. In addition to this, I must possess managerial skills such as leadership, resolve work issues, remove work barriers and analysing work activities in an effective manner. Along with this, excellent communication skills will be required for the purpose of presentation of analysis of financial aspect to the managerial parties. By considering the industry aspects, individual must possess commendable knowledge of automobile activities in order to provide a cost advantage to the business. Salaries The salary is approx. 6000$ /month. Enhanced communication skills are required because as a manager assistance to another employee is also given. Further, incentives will be attained on annual basis by considering performance. In addition to this, appraisal of salary will be done in accordance with the policy of business. Other factors The related posts are department manager, internal auditor, financial analysts and cost accountants etc. S2: Description of employer Organization description For this job profile, the multinational organisation will be selected. It is because for operating in this industry high amount of resources are required. In addition to this, the company must have a global presence (Tan, 2013). I am preferring to work with Hyundai Motor Company. It was founded by Chung Ju-Yung in 1967. It is headquartered in Seoul, South Korea. This company operates the worlds largest integrated manufacturing facility. Selected company employs 75000 people and it provides an opportunity to qualified fresher. Corporate culture This company had a strict hierarchy and 60 subsidiaries and branches. In addition to this, the company is continuously expanding their operational activities in the global market. However, the company has flexible work culture to support their staff but it is supported by a strict hierarchy. As a finance manager high paced and high-pressure environment has to be faced. The perspective of customer satisfaction has to analyse with concentration (McGivern, Fitzgerald and Waring, 2015). The information of other branches and subsidiaries should also be known to the manager for taking appropriate decision. Client Product The company mainly deals in automobile, construction, engineering, retail, steel, defence and Aerospace industry. However, I am focused on employment in Hyundai Motor Company which mainly deals in automobiles. A client of the company is retailers as they direct do not deal with individual customers. For this company, basically financial planning will be done in order to assist them in executing operational activities in a cost effective manner. In addition to this, future forecasting will be done to minimise future risk and maximise possibility of potential gains. On periodical basis variance analysis to identify difference between actual and forecasted figures. By forming this analysis prevention of differences in variances will be done by preparing better strategies. Opportunities for promotion In this company, I will get various growth opportunities as there is the huge scope of learning new facts and improving my skills and capabilities. Further, I will be able to make use of knowledge in a viable manner. In addition to this, on the basis of my work performance I will get promotion and get senior managerial position with the time. S3: Career path Entry-level positions Entry Level position is one which doesnt need experience; its other names are Sale Associate, inside sale representative. The path is chosen according to alternative available. The middle upper position can be said for the position of Sr. Loan Consultant or Senior Loan Processor. Middle to upper-level positions (From top to middle-level position) Finance manager Financial analyst Account coordinator Consulting Analyst Junior assistant Required qualifications The main qualification for entry level position in the knowledge of the industry and qualified education. In addition to this, the experience of working in the similar industry to the related job is also essential to justify the allocated roles and responsibilities. S4: Self Reflection Current capabilities Skills Rank (1-5) Justification Scope of improvement Bachelor degree in finance 2 This qualification is not sufficient for this job profile as high qualified individuals are required to justify the profile role. I will pursue MBA in finance and prepare for competition exams. Interpersonal skills 3 At present, I am good in leading people but I still face various issues in managing people in a proper manner. I will attend the workshop and participate in college activities in a role of leader. Industry experience 1 Currently, I dont possess industry information. I will work in apprentice program in a well-known automobile company. Job satisfaction level Working on this profile is not highly satisfactory because the individual has to face high pressure as one mistake can lead to losses of millions $. In addition to this, work is monotonous and demanding due to which employee satisfaction level is reduced and they feel over-burdened. However, there is the vast scope of growth and development but the possibility of attainment of this position is very low. Areas for further improvement For working as a financial manager in the automobile industry, I am having qualified education and appropriate experience but with the above analysis, I have to improve my communication skills and other interpersonal skills. Fashion Industry S1: Three specific areas of employment Nature of work To be a management accountant in the fashion industry is the aim of my life. In this industry, I will provide services as a service provider rather than being an employee. In this position, different budgets will have to be prepared according to the need of projects (Chen and Severns, 2016). The role of management accountant is to perform various tasks in order to provide financial security to companies or business organisation. For this job profile, I will be required to handle the financial matter in order to boost overall management strategies. Three core job areas for this profile is financial planning, management issues and cost accounting. Further, job responsibilities will vary as per experience. Although, general responsibilities will be budgeting, handling taxes, aiding in strategic planning and managing assets in order to determine benefit packages and compensation. Environment Typical employers of this profile are public and private institutions having accounting and financial department. Flexible work environment will be provided as per project on which we are working. Education and skills For this job profile, any degrees acceptable in this profession. However, employers may provide preference to individuals having a qualification in business or management or mathematical subjects. For becoming a qualified management accountant, it is mandatory to get training with the professional bodies (Nasseri, Yazdifar and Askarany, 2016). In the various situation, employers provide a clear description in their job profile regarding training institute as they want to work with a service provider having a relevant degree with permit exemptions such as CIMA. For this job profile, good maths and computer skills are required. Key skills for management accountants is as follows: Exceptional investigative and numerical abilities Excellent written and oral communication skills The ability to coordinate with another individual by adopting flexible approach Salaries Intra- personal skills and qualified education will be required for this position. The related position is Budget Analyst, The salary is approx. 5000$ /month. Other factors Related jobs for the similar profile is Accounting manager, senior accountant and Cost accountant. S2: Description of employer Organization description The size of organisation cant be said fixed as it depends on a project we are working on. The structure of the organisation is complex as we have to deal in many sectors regarding budgets. The services provided will be an estimation of sources available and the limit to which it can be extended. The culture and environment of every project should be critically analysed in order to ascertain the further or next move. For this job profile, I will not work with single company as I will be working on the projects provided. With the completion of one project I will switch of another one. Customers and services Customers of fashion houses are both end consumers and retailers. This industry provides fashion products such as wearing apparels to their clients. On this job profile I will provide cost consultancy to different organization in order to assist them in minimising cost of different operational activities. Opportunities for promotion In this industry there is fewer opportunities for standard promotion but an individual can attain commendable growth by their hard work. Further, the experience will assist in gaining more work with good payment (Heferen, Mitchell and Amalo, 2013). By considering this factor, it can be said that in the initial period, individual has to struggle for their success but once they prove their capabilities then companies will approach individual for their services. However, for this aspect, individual must have good knowledge of the industry and appropriate qualification. S3: Career path Entry-level positions In this industry the entry level position are an assistant controller or a post of budget assistant. In this industry more than one path can be taken as large exposure is available and one can put efforts in ways possible till succeeded (Hong and Kubik, 2003). Middle to upper-level positions CFO Accounting manager or senior accountant Junior internal auditor Cost accountant Staff accountant Required qualifications The qualifications required is MBA or Maccand/or CPA or CMA certification is desired for entry level. In addition to this, Strong technology skills (specifically in Microsoft Excel) will be required because the individual has to prepare budgets for financial planning in order to make optimum utilisation of available resources and maximisation of profitability. Further, Fashion houses will prefer a candidate with strong communication and analytical skills. S4: Self Reflection Current capabilities Skills Rank (1-5) Justification Scope of improvement Bachelor degree in finance 4 This qualification is appropriate for this job profile as in this small tax issues are required to be resolved. However, for further improvement, I will resolve practical cases to enhance my practical knowledge. Interpersonal skills 4 At present, I am good in managing my individuals tasks. However, I face the issue in multitasking. I will attend the workshop and participate in college activities in a role of leader. Industry experience 3 Currently, I possess industry information as my acquaintance is working on similar profile and they had provided me good guidance for this. I will work in an apprentice program with on various projects for further improvement. Job satisfaction level This job profile is satisfactory according to me because I will be able to learn various new things and get the opportunity to work with various people. In addition to this, by working on different projects I can enhance my skills and capabilities in this industry. Along with this, I will form new contacts in my profession for getting further opportunities in order to have a successful career. However, for this profile initially, I have to struggle for work and required to be adjusted with nominal pay to gain experience. Areas for further improvement As a management accountant, the enhanced communication skill is an essential factor with educational qualification. The above research has cleared many of my confusions regarding my work and also assisted in taking an efficient and appropriate decision. For this job profile, I will for the small organisation at initial level in order to attain practical knowledge. In addition to this, it will add experience in my resume through which employers will provide preference over other candidates. Textile Industry S1: Three specific areas of employment Nature of work Working as a Tax consultant of a big organisation in the textile industry is my career aim. As a Tax consultant, financial analysis of incentive data is to be done. Knowledge related to technology used for different estimations and of the industry is a necessity (Parmenter, 2015). The related post is a senior assistant. Their main responsibility is to provide a recommendation for tax strategies by considering interpretation and implementation of tax laws. Further, they will also be required to prepare provisions of tax schedules by reviewing, preparing and consolidating financial information. Environment The corporate environment will be formal as an individual has to deal with managerial parties in order to resolve their tax issues. However, work profile will be flexible as tax consultant have to work on a various project simultaneously in order to ensure compliances of overall legal factors in a commercial entity. Education and skills For this job profile, individual must possess Results Driven and Deadline-Oriented skills. Further, they must be post graduated in relevant field. Description of technical skill required for this job profile is as follows: Minimum 5-year experience within Tax Experience of working with textile company will be preferred Knowledge of commercial, legislative and industry Ability for applicability of QRM procedures Bachelors degree Professional qualification preferred such as CMA Salaries The salary is approx. 5500$ per month. Along with this amount, various benefits are provided such as profit amount on penalty saved or amount involved in particular case situation. Further, if the individual is not employed then they will get fees per case on the basis of nature of business. In addition to this, by procurement of viable certifications and experience, they can attain a significant increase in annual salaries (Apostolou, Hassell and Watson, 2013). Study of AICPA shows that tax consultants who have obtained licensure as a CPA are able to 10-15% higher in comparison to individual who have not achieved this designation. Other factors Another related job for this profile is a tax accountant, senior financial consultant, internal auditor etc. S2: Description of employer Organization description The organisational structure is based on step by step methodology. The information of other branches and subsidies is also availed for ascertaining whether the policies have been followed by them or not. The environment should be peaceful so that existing issues should be effectively cleared out (Chen and Severns, 2016). Critical analysis of automotive incentive programme is being provided to the organisation. The culture of the organisation should be developed and changed according to change in social factors. I am preferring to work with 3 Wishz Metal Fabrications situated in Auburn, NSW Australia. It is a large company operating in the textile industry. The company follows the proper hierarchy and strict adherence to same. Client and services Textile industry produces cloth and threads thus they deal with producers of garments. They provide raw material to On this job profile, I will be required to provide services like Analysing Information, managing Corporate Finance, Dealing with Complexity Accounting, Strategic Planning, Financial Diagnosis, Tax, Legal Compliance and Reporting Skills. Opportunities for promotion S3: Career path Entry-level positions Entry level position for this job profile is assistant or secretary. In this, no experience is required and enhanced training is also made available for development. More than one path cannot be taken as more concentration is needed. The educational qualification required is having Masters degree in major finance or business. Middle to upper-level positions Compliance/Regulatory Affairs Manager Chartered accountant Tax analyst Financial trader Risk analyst Required qualifications For developing career as a tax consultant, individual must be able to analyse and solve tax issues by providing maximum benefits to their clients. In addition to this, an individual must possess Results Driven and Deadline-Oriented skills (Tan, 2013). Further, they must be post graduated in relevant field. It is because; on this profile, individual has to deal with the senior client so maturity and confidence are required to gain the trust of all level of people. S4: Self Reflection Current capabilities Skills Rank (1-5) Justification Scope of improvement Bachelor degree in finance. 2 This qualification is not sufficient for this job profile as high qualification such as qualification of Certified Public accountant is required to justify the profile role. After completion of my post-graduation, I will fight competition exams. Interpersonal skills 3 Excellent communication and analytical skills are required for this profile. However, presently I am not able to analyse critical tax issues. I will solve case studies of taxes and pursue a professional course to assist the company in resolving their tax issues. Industry experience 1 Currently, I dont possess industry information. I will work in apprentice program in a well-known textile company and solve case studies. Job satisfaction level This profile is interesting because learning comes with various growth opportunities. It is because; resolving tax issues enhance practical knowledge and built reputation in the market. Thus, by working on this profile I will get the opportunity of creating my own identity. In addition to this, on this profile, I will earn good money to secure my future. Areas for further improvement In the above research, many new methodologies of estimation were known and that assisted in further calculations also. I was qualified as per educational requirement but with this analysis, the base and reason of many circumstances were known. It has enriched me with knowledge of many factors which are to be considered in this sector, through which effective initiative could be approached. For working on this job profile I am required to learn various things such as interpretation and applicability of taxation law in the different business situation. Further, I will be required to upgrade my knowledge with the changing laws in order to provide viable tax solution to companies with whom I will be working. Conclusion In accordance with the present study, it can be articulated that for job profile of financial accountant, tax consultant and management accountant high qualification and industry experience is required. It is because; a profile of financial manager comes with various roles and responsibilities. By considering this factor, individual must have knowledge of industry along with qualifications and interpersonal skills. On the basis of the present study, I will work on my interpersonal skills to enhance my capabilities. Furthermore, I will join apprenticeship program to have industry and work experience. This approach will improve my practical knowledge and make my resume more worthy and attractive. By the applicability of above describe factors, I will be able to attain good opportunities in my career. References Books and journals Apostolou, B., Hassell, J.M. and Watson, S.F., 2013. Accounting education literature review (20102012). Journal of Accounting Education. 31(2). Pp.107-161. Chen, L. and Severns, R., 2016. A Study of Interest and Perception of the Financial Planning Profession among Finance Undergraduate Students. Journal of Financial Counseling and Planning. 27(1). Pp.130-140. Heferen, R., Mitchell, N. and Amalo, I., 2013. Tax policy formulation in Australia. Economic Round-up. (2). P.1. Hong, H. and Kubik, J.D., 2003. Analysing the analysts: Career concerns and biassed earnings forecasts. The Journal of Finance. 58(1). Pp.313-351. McGivern, G., Currie, G., Ferlie, E., Fitzgerald, L. and Waring, J., 2015. HYBRID MANAGERPROFESSIONAL IDENTITY WORK: THE MAINTENANCE AND HYBRIDIZATION OF IN MANAGERIAL CONTEXTS. Public Administration. 93(2). Pp.412-432. Nasseri, A., Yazdifar, H. and Askarany, D., 2016. Management accounting education for the 21st Century firms. International Journal of Finance and Managerial Accounting. 1(1). Pp.75-77. Parmenter, D., 2015. Key performance indicators: developing, implementing, and using winning KPIs. John Wiley Sons. Tan, L.M., 2013. Towards an understanding of the tax practitioner-client role relationship: A role analysis. Routledge.

The Importance of Socialization in Small Group Communication free essay sample

Laura Smith Small Group Communication Reflection Paper #1 The Importance of Socialization In Small Group Communication According to Dictionary. com, socialization is defined as a continuing process whereby an individual acquires a personal identity and learns the norms, values, behavior, and social skills appropriate to his or her social position. Although this definition could also apply In some ways, there are, however, more specific definitions of socialization when referring to small group communication. We will write a custom essay sample on The Importance of Socialization in Small Group Communication or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page In order to understand how socialization works, and why it is important in a small group, I must first describe the arious definitions that exist: 1 . When newcomers become part of the groups patterns of activities. 2. As a reciprocal process that affects both Individual members and the group as a whole. 3. As a two-way process of Influence and change whereby group members use verbal and nonverbal messages to create a new and unique group culture. I should also explain the different models of small group communication. In 1999, Carolyn Anderson and her colleagues introduced a model of small group socialization by using five phases to illustrate how communication influences socialization processes. I found that these five phases are similar to Tuckmans five-phase model of group development. They are sequential, but unlike Tuckmans, focus on each individual within the small group and help to Illuminate how he/she may be feeling throughout the group process. The first phase In the models of small group socialization is the antecedent phase. In this phase, researchers seem to agree that whether youre entering an existing group or a new group matters not; what you bring to a group-beliefs, attitudes, and communicative and personality traits-will Influence the groups culture and members. For me, In the antecedent phase, I felt mostly negative toward group work. id not have much positive experience in prior groups, therefore, I assumed that this would be no different. The antecedent phase is important to small group communication because It clarifies how individual members may feel before actually meeting with the group, but after determining or discovering that he/she will be involved in group work. The individuals past experiences, values, and personality will also likely effect the attitude and feeling that he/she may have toward working in a small group. The next phase also occurs before the members of the group actually meet; It Is referred to as the anticipatory phase. There are several different aspects to this phase. Firstly, it is the phase in which individuals decide what they expect from group membership as well as each group member. The next aspect applies to new members of the group: existing groups form expectations about new group members. I can relate to this aspect on a personal level. unfortunately, was not present at the first few of my groups meetings. This made me feel more anxious about working in a group, mostly because I felt that the group would have negative OF3 the anticipatory phase is how members of a zero history group (i. e. , a group whose embers never worked together before) harbor preconceived expectations for the group. The group that I am involved in, The Magnificent 7, would have been considered a zero tolerance group at the beginning of the semester because we had never met each other, let alone worked in a group together. Overall, the anticipatory phase illustrates how prospective members of a group have expectations for that group, and the individual group members. This is significant in small group communication since it will help to determine the amount of motivation and encouragement held by each individual member, which is needed for the group to ucceed. The third phase in the models of small group socialization is called the encounter phase. During this phase, individuals usually come together for the first time and begin establishing group goals and roles. This, again, was a phase that I was not present for. It affected me in the aspect that I was going into the group a newcomer and was not part of the initial establishment of group roles and goals. It made me feel as though I was stuck with whatever goals and roles were already in place. Lucky for me, however, I quickly learned that my group had the same goals as I id, in reference to the group work and course as a whole, and they were all very accepting of me. I also learned that the Magnificent 7 did not assign specific roles. Through the first meeting, as well as talking with outside of class, it was clear to me that Evelyn had become our unspoken leader. Although she stated that it was not her purpose and she did not want to be the leader, I pointed out to her that it was to the groups benefit to have someone like her to get the group going and lead in the right direction. The encounter phase is essential to small group communication for he purpose of getting to learn about each members goals, as well as to start the actual communication process. It is crucial to balance personal, group, task, and relational goals for successful socialization. This means that there should be an equal balance of importance between each members goal, and the entirety of the groups goals. In the assimilation phase, the fourth phase in small group socialization, the We-ness or feeling of group-ness occurs. This phase occurs when each member of the group becomes more comfortable with the group as a whole. For the Magnificent 7, there could be conflicting opinions on when this occurred. I could say that we were an actual group before we did our volunteer time, but I do not think that we all really felt that we-ness until during and after our volunteer work. Successful assimilation occurs when each member sees his values and interests coinciding with those of the group. The service learning project really helped our group to become one and realize that we all did have the same expectations and want to succeed. The assimilation phase is critical to small group communication in order for the group to continue to effectively communicate, work together, complete tasks, and reach goals. The fifth and final phase of the small group socialization process is the exit phase. In this phase, the group as a whole ends, or it can also occur when a member leaves a group. The Magnificent 7 has not yet disbanded and reached this phase. It is a phase that group scholars are beginning to focus on because they are thought to influence attitudes about future groups and behaviors in them (Sinclair-James Stohl. 1997) . I would agree with this statement. Personally, I Magnificent 7 group. Going in, I encompassed a small to moderate amount of grouphate. I was not looking forward to working in a group due to my prior xperience. However, (so far), the experience that I have encountered within the Magnificent 7 has positively influenced my opinions of working in a small group. Going forward, I now have more knowledge and positive experiences to take with me to future small groups that I may be a part of. The assimilation phase is imperative to small group communication because this phase shows how each member feels when leaving the group. If a group member had a positive experience within the group, he/ she will more than likely leave the group with a good feeling about working in small groups. On the other hand, if a group member had a negative experience with the group, he/she will more than likely feeling unenthusiastic about working in future small groups. In closing, socialization is important in the small group communication process. It acknowledges that groups progress through communication in a certain order: from the beginning phase, (the antecedent phase), when members have not even yet met each other, until the final phase, (the exit phase), when the group as a whole displays cohesion. A positive outcome of socialization is successful group cohesion. Group cohesion is a phenomenon that determines how well a group holds ogether. When cohesion is strong, a group will remain stable, but when it is weak, the group may fall apart

How To Market Yourself free essay sample

The following paper discusses how to market yourself effectively in the work place and how to acquire the jobs that are most preferred by you. This essay is an analysis of the writer?s own self and the ways in which he needs to market himself in order to get a specific job. The discussion is divided into three steps. These steps are: Situation Analysis, Personal Marketing Plan Objectives and Personal Marketing Strategy. From the paper: ?Personality and Attitudes are the two most important factors that determine ones success and happiness in a job. Hence, the analysis of ones personality and attitudes form the first logical step towards self marketing. I list the five most important attributes of my personality and attitude that I tend to use successfully at various work scenarios: o I am quite attentive to details o I am confident o I am good natured o I am practical o I am supportive to others?

SWOT and Accounting Analysis of ASDA The WritePass Journal

SWOT and Accounting Analysis of ASDA Introduction SWOT and Accounting Analysis of ASDA IntroductionBACKGROUND   OF ASDAProduct of ASDAProcessPoliciesManagement Accounting Techniques:Methods and techniquesActivity based costingBudgetingPeriodic budget:Continuous or rolling budget:Job Ordering CostingRecommendations for ASDA (Budgeting):-Activity based costing (ABC)SWOT analysis:-References:Related Introduction BACKGROUND   OF ASDA ASDA stores limited was founded as Associated Dairies and Farms Limited in 1949 and it is basically an abbreviation of Asquith and Dairies (ASDA). In 1965 ASDA gets merged with the Asquith chain of three supermarket and Associated Dairies. ASDA introduced his first concept of the superstore in 1965. In the mid of 1980s ASDA started to expand his warehouse stores to face the fresh food selection sets by its competitors. In the late 1990s the ASDA had its 220 superstores in Britain which helps ASDA to become famous and popular. The basic origin of the ASDA is that they was formed by the English dairy farmers to protect themselves from the falling milk prices after first world war. After First World War when the price of milk gets in control a dairy farmer from Yorkshire named J.W.Hindell made Hindell Dairy Farmers Limited which deals in both wholesale and retail outlet of milk. In March 1949 it becomes a public company as Associated Dairies and Farm Stores Limited. It  Ã‚   includes some 26 farms, three dairies, two bakeries, 42 retail shops, and pork-butchering facilities (referenceforbusiness.com). Product of ASDA ASDA stores deals in almost every product which comes under the daily life. The products of ASDA are highly trusted in quality. ASDA sells food item which includes milk, fruit, vegetables, meat, frozen foods juice, music cds , pharmacy and drinks. The quality of their products are the best in the entire market of UK. ASDA has also included the electronic product like laptop, music player, mobile phones and other electronic gadgets. They also sell the jewellery item. Its product is available in low price from the market which makes ASDA leading grocery store globally.  Ã‚  Ã‚   Competitors ASDA has many competitors in the market such as Tesco, Safeway and Sainsbury are the main competitors of ASDA. ASDA has still maintained its status in the market by maintaining the quality of the product and the lowest price which makes ASDA on the top list of the UK market. They maintain their status so well that they didn’t change their products quality. They believe in giving 100 % customer satisfaction and they even don’t take it lightly. Process ASDA only deals in supermarket not in manufacturing of products. The company buy the product from the farmers directly and sells those products in its stores by maintaining it quality. The customer selected the product which are placed in the food stalls, and take those products to the cash counter for the payment. If the customer is not satisfied in the product he can replace it at the same store. ASDA not only deals with food items they sell textiles, from where they earn majority of their revenue, they basically out sourced their textile products from Pakistan, India and Bangladesh. ASDA also do produce their own valued item in foods and confectionary. Policies ASDA Company had policies which follows the law and regulations. There laws and regulations are very strict in the terms of quality of their product. If the customer is not happy and satisfied with any product which they brought from  ASDA  like home and leisure, grocery, fresh or frozen items they can return the product and they will offer a full refund or replacement of their product. The receipt or proof of purchase is preferred but not essential in ASDA stores. There are some more rules and regulation applied for their different products like Electrical products, entertainments items (music, Films and games), fashion items range and in pharmacy also. If   the customer is not happy with these items they have to returned these items in 20 days from the date of purchase (your.asda.com). Management Accounting Techniques: Methods and techniques There are many methods and techniques in which we understand the management accounting some of them are as follows. Activity based costing Activity based costing is basically used for measuring activities and cost of consuming resources. Activity base costing is an activity which is generally based in the capacity of the manufacture. It is used to calculate the unit price of the product, costing of activities in the terms of variable and fixed cost. ASDA is good in calculating its Activity based costing which helps in calculating cost at each activity such as supply chain cost, ware house cost etc which ultimately helps in minimizing cost at each activity and helps in maintaining overall cost. Budgeting Budgeting is very important technique which organizations adopt for their management accounting, whether it is small or big orgainzation in terms of planning, coordination, motivation, coordination, control, communication and in performance evaluation. It helps organization in order to control its expenses and cost. It is very helpful for the company to make a rough comparison between the income and expenditure of company on monthly basis. For the budgeting manufacture of the ASDA they include production, administration and sales budgeting.   Budgeting is prepared into two ways (David Hobbs; Management Accounting). Periodic budgets Continuous or rolling budgets Periodic budget: Periodic budget are those which are made for period of time, that period can be of one year, or either for quarters, it depends how big the organization is and how vulnerable its sales figures over the year. Continuous or rolling budget: Continuous or rolling budgets are those budgets in which there is master budget, which is usually for an year, and after each quarter or four months the the budget for next quarter is added into master budget (David Hobbs; Management Accounting). As far as ASDA is concerned ASDA adopts the continuous or rolling budget, where they maintain the master budget for an year and in order to be competitive with other major competitors rolling budget should be revolved around their master budgets which helps in maintaining the plans according to change . Job Ordering Costing Job ordering costing method is basically the production in each time period. It is calculated by dividing the number of units in job by the total cost of job. ASDA is a big organization where job ordering costing doesn’t applies as much they are basically supplying products in large quantity. Recommendations for ASDA (Budgeting):- ASDA adopts the budgeting technique which is explained above their major focus is on the rolling budgeting, which helps in estimating cost for each quarter. Budgeting is that one tool which makes relevant information and estimation about each department. It also creates a motivational factor among all the stake holders. Budgeting has internal and external influence on growth of an organization and it helps in overviewing their plan to grow in international market such as in south Asian countries (Pakistan or India). Rolling budgets are helpful in analysing financial control decision and helps in estimating overall cost for the whole year which can be changed according to sales figures of last quarter. Job ordering is the least demandable for the ASDA because allocation of prices to each single thing is difficult such as overhead costs, direct costs. According to the ASDA continuous growth showing to us that job ordering costing system is excellently managed by ASDA. Activity based costing (ABC) Activity based costing is a useful technique which is used to allocate cost according to product and services which helps in planning and monitoring. ASDA should follow (ABC) because it is a new system for allocating prices to products and services. The usual accounting system is now obsolete and nowadays ABC is now mostly adopted as it has good control over pricing and costing. Capital investment decision is also least concerned for ASDA because in its financial planning it is already settled and as a proof of the ASDA’s balance sheet is showing a continuous growth since last 3 years. ASDA has over all managed its budget quite well, because its continuous expansion and growing showed the credibility of the budgeting system. Budget is the key element for ASDA to manage its global operations. SWOT analysis:- SWOT analysis is used for identifying potential strengths and weakness for organization. SWOT analysis which is done accordingly. This report is overall based on the personal reflection which I obtained from data related to ASDA which was easily accessible to be. This report doesnt only deal with fact and figures related to ASDA but give the recommendation relating ASDA management accounting technique. The major focus is on the budgeting technique that how ASDA is implementing budgeting technique to it its company and explains why rolling budgeting concept is applicable to ASDA and why it is the point of focus. The other major technique which was considered for management accounting of ASDA is Activity based costing and how it helps an organization to maintain its costing. It also do explains why Job order costing is not applicable to ASDA. The weakness which one might think about this analysis is the resources were quite limited and all consideration was made on personal obseravation and knowledge which I posses. The job order costing could be implemented but as my scope was limited so, I didn’t able to job order costing and its also not applicable for big company like ASDA. References: History of ASDA group plc; Reference for Business,   referenceforbusiness.com/history2/77/ASDA-Group-plc.html   [Accessed on 26th May, 2011] Exchange and Refunds; Your ASDA, http://your.asda.com/2010/7/7/exchanges-and-refunds [Accessed on 26th May, 2011] ASDA Direct; asda.com/ [Accessed on 26th May, 2011] David Hobbs Hugh Coombs; Management accounting: principles and application (book), 2005 SAGE Publications Limited [Accessed on 25th May, 2011] Peter Atrill Eddie McLaney; Management Accounting: An active learning approach, Blackwell Publishing 1994 [Accessed on 25th May, 2011] ASDA History; nowthen.org/asdas-history [Accessed on 25th May, 20

How have your personal and professional experiences influenced your Essay

How have your personal and professional experiences influenced your decision to pursue a career in medicine - Essay Example In my home country, I realized that many expectant mothers (my relatives) delivered at home for lack of access to healthcare services locally and for their incapacity to afford such services. As a result, many women end up dying as they are attended to untrained and inexperienced midwives in the home environment. My experience back at home reveals that the high levels of mortality and morbidity are directly related to the poor healthcare services that community members have access to. My experience in the U.S. has convinced me that the situation in Togo can be reversed so that members of public have equal access to quality healthcare services. In the U.S. people have great access to healthcare services and are well informed about how to prevent several ailments. My experience as a direct care specialist for individuals who are mentally and physically disabled has convinced me that with good care, the quality of life of patients can be significantly improved. Each of these experiences has motivated me to seek ways of improving people’s lives. My compassion toward those who are experiencing physical and emotional pain has been reinforced by my personal and professional experiences. At the end of the day, I would not want to see lives being lost due especially to medical