Corporate Social Responsibility ( Csr ) - 1314 Words

Social responsibility has become a primal interest to the humankind for the past two decades. In the earlier days, the firms and organizations concentrated only on the financial part of the business and ignored the ethical, social and moral sectors. But in the recent times, the businesses are getting a grip of the significance of the social, ecological and environmental effects on their success. This has resulted in the emerging interactions between organizations and social segments thus giving rise to corporate social responsibility (CSR) . This paper discusses about the ways and methods of CSRs that are applied in the University of Wisconsin and the impact these methods created on the social, environmental and ecological fronts of the†¦show more content†¦The CSR has become an integral part of all the international business activities and catching up as a main stream activity with the educational institutions and universities . The University of Wisconsin has also done its part in dedicating its financial resources and man power to fulfill the implementations of the CSRs for the past one and half centuries. Adhere to the Corporate social responsibilities has started in the UW not in the recent times but dated way back to the 19th century. The University of Wisconsin tightly adheres to corporate social responsibility shaped up in the name of â€Å"Wisconsin Idea†. The idea was first attributed to UW President Charles Van Hise in 1904. . It suggests the principle that education should influence and improve people’s lives beyond the university premises . In the earlier days of 20th century, the university has helped the state in all the segments from state administration to dairy farm economy . The university faculty has teamed up with the legislators to help guiding the state’s administration by applying their academic knowledge. They drafted some of the nation’s finest laws which include tax reforms, nation’s first workers’ compensation and public utility regulation . The farming industry was the largest revenue generating industry in Wisconsi n those days. Hence the university also helped the state on the dairy and agricultural front by research breakthroughs and new

The, An Atheist, Outsider, And The Existence Of Science...

Human beings are often accredited as being the only organisms with a stream of consciousness, a sense of self-realization between themselves and the world around them. Yet despite this extramural way of thinking and all of our accomplishments, we as a race have always thought of ourselves as unknowing and lost, leading us to search towards the horizon for guidance in our ‘elevated thinking’. After all, man has always looked to the skies, down towards the earth’s core and even inwards for an explanation for ourselves and the world we inhabit, creating profound and often ridiculous images of someone or something that can explain all of our issues , answer all of our questions and do away with all of our problems along the way. Perhaps Voltaire had phrased it best, that â€Å"Even if God did not exist , it would be necessary to invent one â€Å" With newer generations exposed to a greater realm of science and education, the conventional role of a religious â€Å"i nsider† and an atheist â€Å"outsider† has tabled. Instead, it is now believed that science abhors the idea of a ‘God’, and that the idea of one is merely present to pander to innocent and unknowing religious followers, while the latter believes scientific ‘logic’ flawed. So the question stands today; is there a so called God, and if so where is God, who is God, and most importantly...what is God? However, before you begin this paper I expect there to be internal conflict. If you start as a religious fundamentalist, you already have aShow MoreRelatedExistentialism vs Essentialism23287 Words   |  94 Pagestask of science and philosophy is their discovery amp; expression; the doctrine that essence is prior to existence While, Existentialism:A philosophical theory or approach, that emphasizes the existence of the individual person as a free amp; responsible agent, determining their own development through acts of the will. Existentialism * is a philosophical term which posits that individuals create the meaning and essence of their lives. Existentialism asserts that â€Å"existence precedesRead MoreHindi Nibandh on Advantages of Mobile and Disadvantage17790 Words   |  72 Pageshappily, tolerantly so; a country that welcomes foreign seekers (of yoga poses, of spiritual wisdom, of ancestral roots) with open arms; a country where, outside the elite world of South Delhi and South Bombay, I have not heard an Indian ask whether outsiders have a right to write, think or exist on their soil. But it is not just this deep-in-the-bones pluralism that challenges the who-gets-to-write-about-India contingent. It is also that at the very heart of India’s multifarious changes today is thisRead MoreBrazil Culture17445 Words   |  70 PagesPortuguese opted for the so-called Southern Cycle down the African coast. Reaching the Cape of Good Hope in 1487, they were led by the navigator, Vasco da Gama, across the Indian Oce an to discover the sea route to the Far East in 1497. They knew of the existence of lands across the Atlantic and they had made several expeditions to the West before Columbus discovered the Antilles in 1492, but they had kept the knowledge to themselves in order to forestall the ambitions of Spain, England, and France. For aRead Morewisdom,humor and faith19596 Words   |  79 Pagesof faith to wisdom and humor later, it is appropriate here to quote Niebuhr because Soloviev’s view of humor was similar to his. The intimate relation between humor and faith is derived from the fact that both deal with the incongruities of our existence. Humor is concerned with the immediate incongruities of life and faith with the ultimate ones. Both humor and faith are expressions of the freedom of the human spirit, of its capacity to stand outside of life, and itself, and view the whole scene

Cybercrime Public And Private Entities Face Challenges...

In the cyber world, there are many challenges that face all inhabitants. These challenges are more wide ranging every day. All users have to be more vigilant in reducing these challenges. Individuals and groups have to do their due diligence in mitigating these risks. In the publication, â€Å"CYBERCRIME: Public and Private Entities Face Challenges in Addressing Cyber Threats,† The discussion will be on the most arduous of challenges to the most improved. All will be reviewed in detail and personal thoughts will be revealed. Working in a borderless environment with laws of multiple jurisdictions is the most challenging to date. Ensuring adequate law enforcement analytical and technical capabilities is yet another issue facing the cyber world. The most improved award goes to reporting cybercrimes. All will be discussed in the following report. Challenges in Addressing Cybercrime In this report, the challenges of addressing cybercrime will be discussed. There are many different ones, but a few main points will be shown. Working in a borderless environment with laws of multiple jurisdictions, ensuring adequate law enforcement analytical and technical capabilities, and reporting cybercrimes are points that will be reviewed. First, working in a borderless environment with laws of multiple jurisdictions is the most challenging. Therefore, this must be a priority as time passes. Criminals continuously develop new methods to target U.S. persons, businesses, and interests.Show MoreRelatedA Brief Note On Terrorism And The European Charter Of Human Rights1073 Words   |  5 PagesIt’s noted that the greatest threat Europe faces isn’t cyberwarfare, cyber terrorism, or espionage, but rather software and hardware failure. (Information Management Journal, 2015). One of the key challenges to resolving infrastructure weakness is that each country approaches it differently. In recent years, cybersecurity was an intermediary international concern in Europe and privacy was the principal concern for Europeans. On the Internet, Europeans promote the â€Å"right to be forgotten† and theyRead MoreCyber Crimes, Moral And Ethical Implication1664 Words   |  7 Pagesof crimes are posing serious thre at to people and businesses. Most of computer crimes are committed by professional who know the computer ethics. This work seeks to underline the moral and ethical implication of cyber-crimes, precisely the moral challenges and the moral values of computer security. On the other hand it will identify the computer security and ethics and the ethics of identity and community on social networking services. Moral implication Today social media has a big influence onRead MoreRegulatory Issues Of The Private Sector2863 Words   |  12 Pagesonly about their own customers, clients and shareholders but from agencies like the SEC, FTC, FCC, CFPB and others alike. All have different agendas, regulations and standards on how they approach a cyber-breach situation. The major fear for the private sector is regulatory laws. What if they are not following federal regulatory requirements? This is a risk that some companies are not willing to take to share information about a threat they may have found. The agencies feared the most is the FTCRead MoreThe 2016 Arizona Threat Identification Risk Assessment1038 Words   |  5 Pagesthe Arizona Department of Homeland Security, Arizona Department of Emergency and Military Affairs-Division of Emergency Management, and Arizona State Emergency Response and Recovery Plan, which include the state representing federal, state, tribal, private sector, and non-governmental partner (Arizona Department of Homeland Security Arizona Department of Emergency and Military Affairs, 2016). THIRA is an organized process for preparedness in the event of a threat, attack, or hazardous event occurringRead MoreThe Future Of Criminology2252 Words   |  10 Pagesto get the American nation as a whole on board with the government having access to our fingerprints, retina’s, faces, and palms. There are people even in our criminal justice system that abuse their power and give out information that should not be given to certain people, who is to say that same would not happen with should vital information as biometrics. Spyware As rates of cybercrime continue to increase exponentially, law enforcement agencies will have to enhance their cyber-defenses to effectivelyRead MoreEthics of Information Communication Technology (Ict)27618 Words   |  111 Pagesthe name of economic advancement, political stability, religious causes, the campaign against terrorism, or for personal greed and interests. Violations of these rights have created new problems in human social systems, such as the digital divide, cybercrime, digital security and privacy concerns, all of which have affected people’s lives either directly or indirectly. It is important that the countries of the Asia-Pacific region come up with an assessment of the situation, followed by guidelines forRead MoreCybercrime Law, Regulation, Effects on Innovation1887 Words   |  8 PagesCybercrime Law, Regulation, Effects on Innovation Human Aspects in Cybersecurity: Ethics, Legal Issues, and Psychology CSEC 620 9024 Summer Semester May 18, 2015 Table of Contents Introduction 1 The Role of the Government in Protecting National Security 1 Acceptance of Government Intervention on Protecting National Security 2 Reaction to the Security Intervention on the Private Sector 3 Impacts/Effects of Government Regulations to Private Industries 4 Compliance MeasuresRead MoreThe Reception Officer, The Public Face Of The Laboratory2464 Words   |  10 PagesThe Reception Officer The reception officer functions as a) the public face of the laboratory and b) to ensure consistency of information and legal commitment. The reception officer will act as the point of the contact and reference for clients. A reception officer’s functional requirements include a) a solid knowledge of managing investigation processes and b) a proficiency of translating investigation requests into realistic sound forensic expectation. He or she will be responsible for managingRead MoreCyber Security: Threats, Response and Improvement Essay example2704 Words   |  11 Pagesmass media ever known, since no one entity has a monopoly over the information available, thus making control close to impossible. Clearly, Internet usage in today’s world is no longer viewed as a nonessential luxury. Usage and content has exponentially risen to a level of unprecedented proportion that requires its own area of precautions and supervision. The distal range of context that Cyberspace commands is the basis for a host of security issues and challenges that anyone that utilizes the InternetRead MoreHow Technology Has Developed The Business Strategy And Production Level2343 Words   |  10 Pagescorporate organizations are benefiting immensely on the cyber security platforms. Corporate entities relying on cybersecurity are not limited to, website security, organization s computer network security, organization s hand held devices security and communication security. But, extends to the information security on the transactions between organizations and their clients. Including government agencies and private organizations as well as education sectors have activated cyber security features in

Frankenstein Pursuit Of Knowledge Essay - 1403 Words

Information War: The Truths of Knowledge in Mary Shelley’s Frankenstein What exactly is the pursuit of knowledge? One might say that the pursuit of knowledge is when one conducts irregular experiments and actions. One might say that the pursuit of knowledge is the process of the collecting information needed in completing that test. However, the universal truth says that one can never accumulate all the knowledge in the world. However, one might opinion that the pursuit of knowledge is a wonderful thing to have because knowledge is power. But what exactly is knowledge? Mary Shelley has her visions of the pursuit of knowledge all the way back in the 19th century. To tell her thoughts to the world, she creates the characters Victor†¦show more content†¦All he cares about is the result; Walton does not care about the big picture. For this reason, Walton’s pursuit of knowledge is unacceptable, and his imagination has gotten too far because he does not know what he is getting himself into. The theme is that one should not go based off their innate knowledge on perilous journeys, explorers and others should know that there is a limit to their imagination. Mary Shelley also shows the consequences of the pursuit of knowledge by depicting a mad scientist that did not think of the significance of the penalties he would face. Victor Frankenstein creates a monster that leaves him alone in this world and ultimately leads to his death. He says himself, â€Å"‘Learn from me. . . how dangerous is the acquirement of knowledge and how much happier that man is who believes his native town to be the world, than he who aspires to become greater than his nature will allow’† (Shelley 64). Curiosity is an important factor in humans even today. One could be curious about every aspect in life like Victor was. Once again, Victor did not know his limits, and this led him to face the consequences. The question now could be, would it be better if we were brainwashed and did not have the ability to pursue knowledge? What if we believe every word the media says? If our pursuit of knowledge cuts off, then one would believe everything the media says. As Albert Einstein says, â€Å"The true sign of intelligence is not knowledge butShow MoreRelatedFrankenstein Pursuit Of Knowledge Essay1673 Words   |  7 Pages Among the many themes explored in Mary Shelley s timeless classic â€Å"Frankenstein†, the one I find to be most relevant and the one that truly resonated with me was the dangers that stem from the pursuit of knowledge. This theme resonated with me for many reasons because, while the pursuit of knowledge has allowed humankind to exert and enjoy unparalleled and unprecedented power over the animal kingdom and the world itself, it’s a seemingly benign aspect of human nature that can paradoxically renderRead MoreDangers of Acquiring Knowledge Illustrated in Mary Shelly’s Frankenstein1075 Words   |   5 PagesHow Dangerous is the Acquirement of Knowledge? Mary Shelly’s Frankenstein Although Mary Shelly did not have a formal education growing up motherless in the early nineteenth century, she wrote one of the greatest novels nonetheless in 1819, Frankenstein. The novel has been the basis for many motion picture movies along with many English class discussions. Within the novel Shelly shares the stories of two men from very different worlds. The reader is introduced to Robert Walton, the main narratorRead MoreFrankenstein as a Gothic Novel Essay1332 Words   |  6 PagesTragic wanderers, ominous atmosphere, symbolism, and themes: these are elements of a Gothic novel. Though Mary Shelleys Frankenstein, written in the early 19th century, certainly contains many components of a Gothic novel, can it be correctly grouped under that genre? A definition of a Gothic novel; according to Tracy, is a description of a fallen world. We experience this fallen world though the aspects of a novel: plot, setting, characterization, and theme (De Vore, Domenic, Kwan and Reidy)Read MoreAnalysis Of Mary Shelley s Frankenstein And Caleb Williams 1168 Words   |  5 PagesIn A.D Harvey’s article â€Å"Frankenstein and Caleb Williams,† he explains that Mary Shelley’s famous work, Frankenstein; was not intended to be of any actual scientific evidence, but rather written just only with the intention of a gothic horror piece â€Å"we will each write a ghost story† (Frankenstein Author’s introduction vii). Harvey’s target is to reach out to the science community and to sway them to look past the mechanics of how Frankenstein’s monster is created and focus on other points of interestRead MoreFrankenstein and Robert Walton975 Words   |  4 PagesDangerous Knowledge—An Analytical Ess ay on â€Å"Frankenstein† The pursuit of discovery and knowledge are thrilling aspects of human achievement, but can also be very dangerous if not handled correctly. In Mary Shelley’s â€Å"Frankenstein,† Shelley portrays these two aspects of accomplishment as dangerous, destructive, and even fateful. Shelley begins her novel with an ambitious seafarer named Robert Walton. Walton is determined to reach the North Pole, where he may â€Å"tread a land never before imprinted byRead More Frankenstein, Community, and the Individual Essay1697 Words   |  7 Pagescreation and responsibility that lie at the core of Mary Shelleys Frankenstein. It is through these concepts that Shelley explores how society has changed during Romanticism and the Industrial Revolution, with lessening importance on shared knowledge and the public sphere and more emphasis on individual achievement and identity, leading to a fractured and isolated society. In this paper I argue that Mary Shelleys Frankenstein criticizes the impacts of Industrial Revolution and Romantic era-inspiredRead More Isolation in Mary Shelleys Frankenstein Essays1399 Words   |  6 PagesIsolation in Mary Shelleys Frankenstein Mary Shelleys novel, Frankenstein, has several themes imbedded in the text. One major theme is of isolation. Many of the characters experience some time of isolation. The decisions and actions of some of these characters are the root cause of their isolation. They make choices that isolate themselves from everyone else. However, other characters are forced into isolation for reasons that are not in their control. The actions of another cause themRead MoreDangerous Knowledge in Frankenstein by Mary Shelley1074 Words   |  5 PagesFrankenstein is a book written by Mary Shelley in 1818, that is revolved around a under privileged scientist named Victor Frankenstein who manages to create a unnatural human-like being. The story was written when Shelley was in her late teen age years, and was published when she was just twenty years old. Frankenstein is filled with several different elements of the Gothic and Romantic Movement of British literature, and is considered to be one of the earliest forms of science fiction. FrankensteinRead MoreFrankenstein, By Mary Shelley3475 Words   |  14 PagesMary Shelley is best known for her gothic horror classic Frankenstein. Frankenstein has been heralded by many as the first science fiction book, and Frankenstein’s monster had become an integral character in the public’s cultural pantheon. However, Mary Shelley’s novel is also a cautionary tale of the dangers of intellectual curiosity. Robert Walton, the arctic explorer Victor Frankenstein meets in his final days, serves as a cautionary tale. By embarking on his arctic exploration mission, he placesRead MoreRomantic and Enlightenment Ideas in Frankenstein Essay1153 Words   |  5 Pagesmust always be free, and it alone can bring about enlightenment among men (Kant 3). Enlightenment thinking not only influenced philosophy and the sciences, but also literature (especially in Popes Essay on Man). In reaction to Enlightenments strict empiricism, Romanticism was born. In Frankenstein, Shelley argues (1) that Victor Frankensteins role as an Enlightenment hero, not only pulled him out of nature, but made him a slave to his creation; (2) that Frankensteins role as a revolting romantic

Project Management Company Free Essays

string(91) " manager supplies resources but otherwise allows the team to function almost autonomously\." 1.0Introduction. Management Consultancies are a relative easy to initiate business to set up since they are knowledge based and do not require expensive tools and specialist equipment. We will write a custom essay sample on Project Management Company or any similar topic only for you Order Now Forming such a company requires only a base, normal office equipment such as laptops, printers, telephones, and internet routers, and competent employees to apply their knowledge to the particular business niche. However, just because it is relatively easy to form any kind of management consultancy – while appreciating that there is a cost involved with setting up any company – it does not simply follow that because a person can, they should. Creating a company takes time, drive, and of course, finance, and should only be considered by those who are ready to do so. There are three signs that someone is ready to set up any kind of management consultancy: They have the essential background, experience, and qualifications in their field, and can consider themselves an expert. They have developed a rich network of peers, like-minded individuals, and potential clients who they can call upon to help the business grow. They have a stable financial background and have at least some knowledge of business management. With those elements in place, if a person has the will, they are likely to be able to launch and run a successful company, but there are still plenty to think about, and that is where a mentor is invaluable. 2.0 Different types of organizational structure. In setting up a new business, one of the most fundamental decisions is what kind of business it will be. There are a number of different options available, ranging from sole proprietorship, through a partnership, and onto a small corporation or even a limited company (Gov. UK, 2015). 2.1 Sole Trader. This is the easiest type of company to set up and run, and allows easy accounting and tax interpretation, but can be seen as less professional than some other business types.The sole trader business gives the owner full control over business decisions and are easy to set up and run. They also give the owner full control of the profits but they are not a separate business entity, divided from the owner, and the owner is liable for any debts or liability actions mounted against the company. 2.2 Partnership. A partnership is also a popular business structure among smaller companies and form when two or more individuals decide to share a business and become co-owners. A partnership is owned in the same way as a sole trader company, but the liability is spread over the two or more people who form the partnership. 2.3 Limited Company. This form of business greatly increases a company’s credibility and makes it the kind of professional entity that other business’s look to work with. The main issue with a limited company is the very formal procedures that are used to form and control them, and the need for a professional accountant to help keep on top of what can be complex spend and investment. Because a limited company is detached from those who own and run it, there is only a limited liability should it go wrong. 2.4 Recommendation for a Project Management Company. Because of its professional connotations and ability to attract investment, it is suggested that the new project management company starts as a limited company, with Charles as the sole shareholder. 3.0 Management Overview. 3.1 Definition of modern management. Management is fundamentally a people-orientated venture that is used to organise a team, and accomplish aims for that team and a wider company in general (Robbins and Judge 2014). However, over recent years, there has been focus on what Deming (1993) identified as the seven deadly diseases. These are: Lack of constancy of purpose Emphasis on short-term profits Evaluation by performance, merit rating, or annual review of performance Mobility of management Running a company on visible figures alone Neglecting long-range planning Relying on quality inspection rather than improving product quality Deming countered all of these by identifying a system that countered all of these failures by devising what has become known as Total Quality Management, with the intention of helping the management of better products or services, creating product uniformity, improving product testing and, ultimately, greater sales (Stoner et al, 2003). Following the reimaging of management in light of Deming’s intervention, focus has shifted from the simple organisation of people to a process of producing and maintaining an environment that allows the efficient accomplishment of predetermined and selected aims. These are achieved by managers using what have been identified as the four functions of management: Planning: Identifying the steps needed to achieve a predetermined goal. Organising: Bringing together all the resources needed to achieve the planned goals. Leading: Motivating those on the team to achieve the set goals. Controlling: Ensuring that team members stay on track through open and honest reporting from and to the team. Achieving these goals means that managers must be adept at organisation skills and have the trust of both their own team and senior management. The goal of all managers is to deliver their assigned tasks on time and to an agreed budget, while ensuring that their team members are fulfilled and with due consideration to quality of product or service. Furthermore, a good manager will enact their assigned tasks using the minimum of resources, thereby maximising profitability for the company while satisfying the customer. 3.2 Leadership Styles. The effectiveness of a manager depends greatly on their style and how they interact with their team (Adeniyi, 2007). The three fundamental leadership styles are identified as: Autocratic leader. This manager type tends to instruct the team on what needs to be achieved without consultation, and expects the team to deliver as required. Democratic Leader. This manager seeks the input of the team, and discusses the way forward with them, making joint decisions as they arise. Laissez-faire Leader. The opposite of the autocratic leader, the Laissez-faire manager supplies resources but otherwise allows the team to function almost autonomously. You read "Project Management Company" in category "Essay examples" Due to the flexible yet well-defined nature of project management, it is suggested that Charles adopt a democratic leadership style with his sub-managers, since they will have customer-set goals and only really require resources and to feedback. 4.0 Organisational Culture. Organisational culture has been likened to the personality of the business, and the overriding feature that defines how a company works and its interactions with suppliers, employees, and customers (Alversson, 2013). There are several types of organisational culture (Drafke Murtaugh, 2009), of which the main ones are: Clan culture. These are family like and tend to focus on mentoring, nurturing, and creating a workforce that feels comfortable and works well together. Power Culture. Key to this is firm control by a few high ranking members, and tends to be found in either smaller companies or discrete sections of larger companies, since it would be difficult to run a large company with such a culture. Key elements mean that decisions can be made quickly making the culture highly reactive. Adhocracy culture. Sometimes referred to as forward looking cultures, these tend to be entrepreneurial and dynamic, and promote an air of risk taking and innovation. Companies with this culture tend to pride themselves on being market leaders and attempt to do something new ahead of possible competitors and the market in general. Role Culture. This type focusses on assigning individuals specific roles with a certain job description and does not allow much scope to step out of that role. They tend to be rigid and are renowned for being very task-focused. Cultures such as this are found in companies that specialise in high technology or businesses where roles are determined by knowledge, making it difficult or someone without specific skills to be able to step into certain roles. Market culture. The market culture companies are highly results-driven organisations that concentrate on achievement and completing the task in hand. Hierarchical Culture. These are high structured and controlled businesses that concentrate on creating an efficient company that does the right thing. They tend to be run with a well-defined management structure which feeds information down through it and accepts reporting back through the same lines. The project management company planned by Charles will start with a smaller number of employees but they will have highly specialised tasks to carry out – such as detailed project management – therefore the Role culture is likely to be the best fit for his business.Since there is only a few employees to start with, the feeding out of information can be handled via team meetings, making communications easy and fluid. Business perception relates to the way in which people – either employees, competitors, or customers – relate to a company, which can affect how they interact with that company (Schnaky, 2008). How a company is perceived may impact on how others work with the company which in turn can affect their long-term profitability and their ability to operate in the market. 5.0 Organisational Strategic Objectives. This report has outlined some of the areas that Charles, the business owner, should examine in order to establish a successful company and gives indication of the type of culture he should aim for. However, rather than simply indication certain aspects of the business, it becomes important to define particular strategic objectives for Charles to establish. It has been suggested in section 2.4 that Charles strongly consider establishing his business as a limited company, as that will give him extra credibility in the business world, and he is likely to be able to attract the right calibre of technical staff to 5.1 Strategy Roadmap. Charles’ company is expected to follow a specific pathway to success, built on his company’s specialist knowledge of project management and innovative work systems. This means that the corporate strategy needs to be based on a culture of innovation and the highly-desirable skillset that his employees have. The structure of a corporate strategy built on innovation is shown in figure 1, below. Figure 1: Charles’ Corporate Strategy. With the company firmly seated in the high-skills, technology, and innovative work streams, Charles can build up a suitable processes that reflect the kind of business that thrives in highly specialist markets such as detailed project management. The second layer of the strategy is based on the fundamental processes that the company will employ every day to deliver customer excellence. These processes will encompass innovation in deliverables in which the project management element will keep abreast with the current practices in the field, and project management practitioners kept fully trained as appropriate. Operations process will dictate how the technical staff will interact with customers, while business growth will be the focus of sales and marketing processes. The goal of the sales and market department will be to grow the visibility of the company and create a customer experience that entices return custom through a positive experience in all dealings with the company. Customer feedback will further allow the company to innovate and to modify their services based on what customers actually want rather than their own perception of what customers need. By delivering the correct product and service, Charles’ company can experience substantial growth through returning customers as well as picking up new business through the correct marketing strategy and customer recommendations. 5.2 Managing the Strategy. With the correct strategy in place, the management becomes easy since all members of the company understand what is required of them and departments that they deal with to streamline all operations. As already stated, it is suggested that Charles adopt a Role culture into the company so that people are aware of what they need to achieve within their work sphere, but are able to take direction on other tasks as necessary. This means that self-management is carried out to the greater extent, with Charles and his senior management team – which is expected to comprise himself as chairman, a Finance Director, and a Sales//Operations Director – offering overall direction for the company, leaving day to day management to area managers and individuals, empowering them to stretch goals (Vandeveer and Menefee, 2010). This will add a flexibility to the company that is attractive to potential customers, which, together with the obvious innovative ethos of the company, will help boost sales enquiries. The management system and strategy set out for this company does not have to be binding, and with future growth, it may be necessary to consider different strategies and management styles that will be more befitting the organisation as it grows. This means that Charles will need to assess the company on a regular basis to assess whether a new direction in strategy and style may be of greater benefit. 6.0 References Adeniyi, M. (2007) Effective Leadership Management. Authorhouse, Bloomington, Indiana. Alversson, M. (2013) Understanding Organizational Culture. Sage Publications, London. Deming, W. (1993) The New Economics for Industry Government, and Education. MIT Press, Boston, Massachusetts. Drafke, M. and Murtaugh, J. (2009) The Human Side of Organizations. Prentice Hall, New Jersey. Gov. UK (2015) Choose a legal structure for your business. [Online] Available from https://www.gov.uk/business-legal-structures/overview. [Accessed 11th December 2016]. Robbins, S. Judge, T. (2014) Essentials of Organizational Behaviour. [Online] Available from http://bba12.weebly.com/uploads/9/4/2/8/9428277/organizational_behavior_15e_-_stephen_p_ robbins__timothy_a_judge_pdf_qwerty.pdf. [Accessed 11th December 2016]. Schnaky, K. (2008) Perceptions of Organizational Culture by Employee Level: A Case Study. [Online] Available from http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.591.2797 rep=rep1type=pdf. [Accessed 11th December 2016]. Stoner J., Freeman R., and Gilbert, Jr. D. (2003) Management. Prentice-Hall of India, New Dheli. Vandeveer, R. Menefee, M. (2010) Human Behavior in Organizations. Prentice Hall, New Jersey How to cite Project Management Company, Essay examples

Managing Risks in Commercial & Banking-Free-Samples for Students

Question: Discuss about the Risk Management Practices in Insurance Companies, Manufacturing, Services, and Banking Sectors in Namibia. Answer: Risk management refers to the assessment of financial risks, their nature of exposure to the company, and the formulation of processes or strategies of mitigating the identified risks. The financial sectors are associated with various risks which require proper management hence they embrace various practices so as to avoid certain risks. Risk management helps to minimize the risks exposure of the organizations. (Ghosh, 2012). The financial sectors embrace the idea that risk management requires the identification of the potential losses by assessing the creditworthiness, recognizing the risk, assessing the risk, and developing policies to manage it and vindication of the risks. In Namibia, the banking sectors normally adopt the Basel Accords to track, report, and expose unscrupulous behaviors and other operational risks. Some other practices include outlining the risk exposure and prioritizing it. Some risks may pose to be more dangerous to the organization than others hence they are given the first priority. This means that the potential risks should be identified and given a scale of preference. The risk matters should be in a common language such that every person is able to understand the problem and participate fully in coming up with solutions (Hull, 2012). The organizations can also hire the experts to develop risk management strategies. The financial sectors should centralize the risk management policies so that it becomes easier to manage them. The development of the risk management tools is another practice using the IT systems. Companies need to centralize their communication lines and operations to establish unity and order of command within the enterprise. References Top of Form Ghosh, A. (2012).Managing Risks in Commercial and Retail Banking. New York: Wiley. Press. Bottom of Form Top of Form Hull, J. (2012).Risk management and financial institutions + website. Hoboken, New Jersey: John Wiley Sons, Inc. Press. Bottom of Form Top of Form Bottom of Form