Saturday, December 14, 2019
string(57) " what the appraisal diet is and what is expected of you\." Today, it is widely accepted by universities and employers that those pupils who gain work experience and maximize their acquisition from it are lending strongly both to their surveies and to their employability. This faculty will supply you with the chance to critically measure your working patterns in footings of direction manner ; leading ; alteration ; and working relationships and associate these to your ain experiences with a position to informing your personal development and your future calling. 1. We will write a custom essay sample on Work Related Learning By Blended Learning Education Essay or any similar topic only for you Order Now 1 Module purposes The purposes of the faculty are to enable pupils to: Ã¢â¬â addition maximal personal development benefit from their work experience through a series of brooding and peer acquisition activities ; Ã¢â¬â measure their work experience in footings of their subject particular cognition to widen their apprehension of the concern universe application of their schoolroom surveies. 2.0 Learning results of the faculty 2.1 Knowledge and Understanding Successful pupils will typically: critically assess direction manners and leading and how this affects the person in the workplace ; analyse barriers to and effectual patterns in constructing working relationships ; apply theoretical accounts of brooding pattern for personal development ; appreciate alteration, its beginnings and impact. 2.1 Skills and Properties Successful pupils will typically be able to: reflect critically on ain acquisition and accomplishments in relation to personal and calling development ; demonstrate good developed societal and movable interpersonal accomplishments. critically observe direction manners and leading with a position to informing ain hereafter pattern. 3.0 What learning methods are used on this faculty? The faculty is delivered through seminars delivered locally and through a one-hour hebdomadal presentation supported by Powerpoint slides and explanatory notes, posted up on StudyNet. The talks introduce you to theoretical tools and constructs together with practical direction illustrations. You are expected to develop your apprehension of both theory and pattern by independent reading and self contemplation utilizing the broad scope of e-book and electronic diary resources referred to in the talk and seminar support notes. These resources can be accessed through your StudyNet portal. Seminars will take topographic point locally each hebdomad associating to a unit of acquisition. In progress of each seminar, pupils will utilize the information provided in this faculty usher and subsequent updates to place the relevant unit and seminar stuff and prepare replies in progress to the inquiries scheduled for treatment on the twenty-four hours. Students will work through the electronically available readings developing their ain responses to the seminar treatment inquiry by using the theoretical cognition and practical apprehension they have gained through survey of employment patterns, relevant talks and readings. When they arrive at the seminar, the local coach will ease their treatment of the seminar inquiry. It is expected that different ways of replying each inquiry will go apparent. Through this experience, pupils are expected to intensify their apprehension of the cardinal function played by arguments and dissensions in the procedure measuring issues. Students are active participants and subscribers to the faculty and its success. They are required to go familiar with the content of the chief texts and to research and read around the topic as the faculty progresses. Seminar readying is an indispensable portion of the acquisition procedure and pupils should anticipate to pass several hours in readying for each hebdomad. They are required to pull on cognition of their work experience and from other concern subjects whilst developing their apprehension through researching administrations, industries and instance surveies of emerging factors. As the faculty develops, through their active engagement, pupils should derive some consciousness of how the pupils and staff may be viewed as a acquisition system and develop self-reflective accomplishment set. Faculty agenda The faculty is divided into 11 units of acquisition ( hebdomad 12 should be used for contemplation and alteration ) . For each unit of larning the followers will be supplied: Materials aÃâ Ã ¦aÃâ Ã ¦aÃâ Ã ¦these will be a series of electronically available readings with narrative adhering the readings together in chase of the acquisition results, selected chapters from e-books with associating narrative. Presentation aÃâ Ã ¦aÃâ Ã ¦..this will represent up to one hr of Ã¢â¬Ëlecture Ã¢â¬Ë which will probably utilize PowerPoint slides with a voice over. These may be enhanced by the usage of picture cartridge holders, intelligence infusions and web based stuff Seminar aÃâ Ã ¦aÃâ Ã ¦aÃâ Ã ¦aÃâ Ã ¦.this will include a series of seminar subjects which you are required to fix to reply in the seminar. The local coach will move as a facilitator and advisor to the seminar. Activity aÃâ Ã ¦aÃâ Ã ¦aÃâ Ã ¦..this is extra to the seminar and will be used to look into for pupil cognition and apprehension. Detailss of these will be linked to each larning unit and will be released each hebdomad. It will be used to look into pupil cognition and apprehension. Module agenda Ã¢â¬â Unit of measurements of Learning Presentations in the signifier of talks will give an overview of a learning unit. Seminars will research subjects in greater deepness and concentrate on the subjects given below. This will include ; reenforcing cardinal constructs and theories ; comparing different positions and reexamining theoretical and empirical stuff that may be applied to your work topographic point experience. The accent in seminars is on pupil engagement and the treatment will be based on the readying and reading that has been undertaken by pupils. All talks and learning stuffs will be on StudyNet. Any notices, proclamations or alterations of agreements will be posted on StudyNet and hence the site must be checked on a regular footing. 5.0 Weekly programme The faculty unit subjects are listed below. Module units: Introduction Contemplation Administrations Ã¢â¬â Structures, Forms and Processes Management and Leadership Teams Organizational Change Pull offing Change Pull offing Conflict Coaching Giving and Receiving Feedback Career Development The hebdomadal Learning Materials ; Presentations ; Seminars ; and Activities will be produced in due class. 5.0 Assessment Detailss The intent of the appraisal for this faculty is to prove whether, and to what extent, you have reached the acquisition results for the faculty. It is of import that you know early what the appraisal diet is and what is expected of you. You read "Work Related Learning By Blended Learning Education Essay" in category "Essay examples" Assessment standards stipulate what it is that you will be assessed against, and what, in general footings, you will necessitate to show in your assessed work in order to accomplish the specified classs. The appraisal for this faculty is 100 % coursework-based. It consists of two pieces of coursework ; an separately prepared study ( 70 % ) and an individually presentation ( 30 % ) . a ) Assignment 1 Ã¢â¬â Report ( 70 % ) Individually, you are asked to fix a written study of 3,500 words showing an consciousness of the cognition, accomplishments and experience envisaged of a recent alumnus from this programme to come in an country of graduate employment. The research and self-reflection required to fix the study will back up you in your future calling planning and determinations and the passage to future chances after your undergraduate surveies. The overall purpose of the assignment is to supply you with the chance to: demonstrate consciousness of the different types of alumnus chances i.e. alumnus preparation strategies, professional callings, chances with Small and Medium size Enterprises ( SME ) etc ; provide grounds of how to research these chances i.e. resources available and contemplation on the usage of these ; develop an consciousness of the accomplishments, cognition and experiences Graduate Employers are looking for and how these are altering ; show the function of ego consciousness and contemplation in Career Development activities ; fix a CV /covering missive as a generic calling direction tool to take you frontward during your calling ; develop a clear Career Development Plan as a consequence of sing your current cognition, accomplishments and experiences against the demands you have researched. You will have farther information sketching the demands of the assignment along with back uping resources, one time the faculty starts. There will be hebdomadal online treatment on the appraisal as the subjects of the faculty are explored ( and linked to the appraisal ) . The study should include the undermentioned subdivisions: Section 1 Ã¢â¬â Occupational Research ( about 50- 60 % of word count ) . The first subdivision of the study should be as a factual contemplation of the findings from the business or country of graduate employment you have chosen to research. This should be written in the 3rd individual and include full Ã¢â¬Å" Harvard referencing Ã¢â¬ to all beginnings of information used ( inside informations of how to cite all types of resources is available on the Academic Skills Unit site in the ASU Guide to Harvard Referencing Ã¢â¬â see StudyNet ) . The undermentioned headers should be used this subdivision: Footings of mention Ã¢â¬â What are you puting out to research and study on i.e. Graduate chances in the Tourism sector Methodology Ã¢â¬â How did you near transporting out your research? What beginnings of information did you utilize? Include both secondary resources i.e. studies, web sites, employment statistics, company literature ; and primary research ; talking with current alumnuss, reaching employers. ( Note: You are required to finish and subject the Graduate Employment Resources checklist as an appendices to back up this subdivision ) Main Findings Ã¢â¬â this should include the cardinal information sing this business or country of employment in footings of: General Employment trends in this sector / business: the employment market by and large in this country, recent developments, predicted future tendencies. Opportunities for recent alumnuss Ã¢â¬â what administrations are enrolling alumnuss in this country of employment? What types of function would a recent alumnus be making? Where are they advertised? The accomplishments / cognition and experience required Ã¢â¬â a drumhead based on research of a lower limit of 6 different administrations of the cardinal accomplishments / cognition and experience expected from an applier at this phase in their calling How are graduates selected in the administrations you have researched? Ã¢â¬â what are the enlisting and choice methods being used? How are you expected to show your accomplishments / cognition / experience? Graduate Employment Resources checklist Ã¢â¬â you are asked to finish this papers ( available on faculty site ) , to show that you have reflected on the value of the different resources used during your research. This will be utile for you when you do farther research related to your calling planning in the hereafter. You should finish this at the terminal of your research and before get downing subdivision 2 Section 2 Ã¢â¬â Personal analysis, CV / Covering missive readying, Ã¢â¬Å" spread analysis Ã¢â¬ , and Career Action program Ã¢â¬â this subdivision is where you look at your current accomplishments, cognition and experience against those highlighted by your research in subdivision 1. This portion of the study should be written in the first individual as it is a personal contemplation. The suggested headers to be used in this subdivision are: Personal analysis Ã¢â¬â a general reappraisal of your current accomplishments, cognition and experience, foregrounding in peculiar those that came up in your research. CV A ; Covering missive Ã¢â¬â Preparation of a CV and covering missive to use for a alumnus degree place in the country of your research, based on your current state of affairs. Gap Analysis Ã¢â¬â this subdivision is where you look at your ain personal analysis against the demands identified in your research. The purpose is to foreground countries to concentrate your personal development about. Reflect on the undermentioned countries: what countries do you miss grounds in? where do you necessitate farther illustrations / grounds in your applications? Where do you experience weak in your overall application? Career Action Plan Ã¢â¬â Once you have identified the countries you need to concentrate on, you are asked to fix a Career action program which addresses both the personal development and specific calling related activities you will set about to take you frontward. This should be written out in full i.e. a paragraph on each country in the first individual, and you should explicate the actions and what you hope to derive from them. This should include the cognition, accomplishments and experiences you need to foster develop i.e. commercial consciousness ; and specific activities to back up you through the choice procedure i.e. interview accomplishments, doing presentations etc. Both through your ain research, and utilizing the information heard during the talk Sessionss about resources and support available, you should come up with clear actions with timescales. You should demo the resources you will utilize to travel the country of development forward and the timescales you will fi nish these in. A drumhead papers should be attached as an appendix. Conclusion Ã¢â¬â written in the first individual, a brief contemplation on how you feel holding completed the overall exercising, and how you intend to utilize the Career Action Plan. Section 3 Ã¢â¬â Mentions and bibliography Ã¢â¬â see Academic Skills Unit Report Writing guide notes and Harvard citing papers for counsel. Both are available on StudyNet. How to cite Work Related Learning By Blended Learning Education Essay, Essay examples
Thursday, December 5, 2019
Question: Write a Report on Financial Analysis of Balckmores Ltd. Answer: Introduction The analysis of the financial statements of a company provides evaluation of the companys profitability, liquidity, solvency, and efficiency which are four crucial aspects of the business (Gibson, 2012). This analysis has impact on the investors decision, lenders decisions and the governments revenue policies. In this context, this report has been prepared to provide financial performance analysis of Blackmores for the year 2015. Overview of Blackmores Blackmore limited is listed on the Australian Stock Exchange having headquarters in Australia. The company was incorporated way back in 1930 and since then it has grown magnificently standing with $471.62 million revenues in 2015 (Blackmore Limited, 2015). Blackmore operates in the consumer goods industry with the main products being produced for human and animal healthcare. The companys mission is to expand the business operations outside Australia and increase its reach to a large part of population. For the achievement of the mission, the company is working with the strategy of delivering quality products. The focus of the company is on improving the quality of products, which will push the demand upside. Further, the company is also considering expanding the business to the Asian countries namely China and Malaysia (Blackmore Limited, 2015). The company is running with the goal of satisfying the customers to the hundred percent. It believes that customer satisfaction is necessary for the achievement of the companys mission and vision. Financial Analysis of Blackmores In order to analyze the financial performance, it is crucial to extract the information from various sources which mainly comprise the financial statements, annual report, and boards report. The financial statements of a company comprise of three main components such as income statement, balance sheet, and the cash flow statement. The different piece of information is provided by these different components of the financial statements. Further, the companies listed on the stock exchange are required to prepare the annual reports that contain essential information about the companys business. The boards report provides information about the companys future plans and prospects. The information collected from the above discussed resources is analyzed by applying the financial evaluation tools. The ratio analysis is the most commonly used financial evaluation tool (Tracy, 2012). However, the other evaluation tools such as vertical analysis and horizontal analysis are also used in assessing the financial performance of a company. The ratio analysis covers all crucial aspects of the business such as profitability, liquidity, solvency, and efficiency. The ratios not only provide analysis into the trend but these also facilitates the comparison of the company with its peers (Tracy, 2012). The horizontal analysis on the financial statements of Blackmores Limited is presented in the appendix-1. Figure 1: Revenue growth of Blackmores It is depicted from the chart shown above that the revenues of the company has grown significantly in the year 2015 as compared to 2013. The revenues of 2015 are up by 44.34% as compared to the year 2013 (appendix-1). The primary reason for increase in the revenues over the two years appears to be the expansion that company has carried out. Figure 2: Growth in Net Profit of Blackmores Further, there could be observed a huge improvement in the net profits over two years time period. The amount of net profit increased from $25 million in 2013 to $47 million in 2015 registering an increase of 88%. Further, the gross profit was also seen been to be increasing by 47.25% (Appnedix-1). The positive growth in the gross profit and net profit is not only the result of increased revenues but the reduced costs and expenses have also contributed in that. As regards financial position, the total assets of the company have increased by 26.84% over the period from 2013 to 2015. Further, the total liabilities increased by 20.30% (Appendix-1). It could be observed that increase in total liabilities has been more than the increase in total assets which depicts improvements in the net worth. The improvement in the net worth indicates good solvency condition of the company. However, the company has been less concentrated on its liquidity position. The increase in current liabilities has been more than the increase in current assets indicating deterioration in the liquidity (Tracy, 2012). Further, the financial performance and position of Blackmores Limited has been analyzed in detail employing the ratio analysis. The financial performance of the company has improved as depicted from the net profit margin, gross profit margin, and return on equity. The net margin increased from 7.65% in 2013 to 9.96% in 2015. The gross margin increased from 66.67% in 2013 to 68.01% in 2015. The improvements in the net margin and gross margin depicts that the company has been able to save costs and expenses over the period. Further, the return on equity has increased from 25.51% in 2013 to 35.34% in 2015 (Appendix-2). The increase in the return on equity shows that the company has been able to provide good return to its investors. Though the financial performance of the company has improved but the liquidity has gone weaker over the period. The decrease in the current ratio shows deterioration in the liquidity position. The current ratio has reduced from 2.76 times in 2013 to 1.63 times in 2015 (Appendix-2). Further, the debt ratio has reduced from 1.36 times in 2013 to 1.20 times in 2015. The reduction in debt ratio shows improvement in the solvency position (Tracy, 2012). The assets turnover ratio has increased from 1.42 times in 2013 to 1.61 times in 2015 which indicates that the management has been efficient in utilizing the resources. Further, the inventory turnover ratio has also increased from 8.18 times to 12.10 times (Appendix-2). However, the analysis of receivables days shows that the company has been liberal on its credit policy. The receivables days increased from 71 days in 2013 to 83 days in 2015. As regards market performance, the PE ratio and dividend payout ratio both have decreased over the period from 2013 to 2015. The PE ratio of the company was 16.77 times in 2013 which decreased to 14.29 times in 2015. The decrease in PE ratio indicates adverse performance of the stock in market. Further, the dividend payout ratio has also decreased from 85.90% in 2013 to 75% in 2015. Limitations of Ratio Analysis The ratio analysis is a highly useful tool being applied in analyzing the financial performance of a company but there are certain limitations that the analyst should take into accounting (Grier, 2007). The first limitation of the ratio analysis is the use of historical cost in the preparation of the financial statements. The financial statements are prepared according the provisions financial reporting framework which requires the use of historical cost. The use of historical cost limits the use of ratios for analyzing what has happened in past. The ratio analysis does not provide a view of future. Further, the data used in the ratio analysis comes from the financial statements which are prepared using different policies and methods. The accounting rules permit the use of different accounting methods which could lead differences in the accounting figures of two companies. Therefore, the comparison based on the ratios would become less effective in such a case. Apart from that the ra tio analysis does not cover other aspects of the business such as quality improvement, customer satisfaction and employee satisfaction (Grier, 2007). Information in the Annual Report and its Use It is the requirements of the legal provisions for the listed public companies to prepare and submit the annual report to the Australian Securities and Investment Commission. Therefore, listed companies prepare the annual report each year (Friedlob Welton, 2008). Generally, the content of the annual report is divided into three major parts such as business overview, directors report, and auditors report. The business overview section provides summary of the financial performance over the period of 3 to 5 years. This information is useful to have a quick look on the companys financial worth from the investors perspective. Further, the directors report contains information on the companys current and future prospects. The commitment of management for the future expansion and the strategic direction of the company could be observed from the directors report. The auditors report section covers the opinion of the auditor on financial statements of the company and the certified extract of financial statements. This section of the annual report provides the most important information for the use of all the stakeholders. The companys income statement, balance sheet, and cash flow statement are presented under this section, which provide the information required for the financial analysis. Further, the annual report also provides information on the corporate social responsibility of the company (Ehrhardt Brigham, 2016). Conclusion From the discussion carried out in this report, it can be concluded that the financial statements of the company contains the useful information required for financial analysis of the business. Further, the financial evaluation tools such as ratio analysis, horizontal analysis, and vertical analysis are applied to evaluate the financial performance of the company. References Annual Report of Blackmores. (2013). Retrieved August 18, 2017 from https://www.blackmores.com.au/about-us/investor-centre/annual-and-half-year-reports Annual Report of Blackmores. (2015). Retrieved August 18, 2017 from https://flipflashpages.uniflip.com/2/41140/355972/pub/document.pdf Ehrhardt, M.C. Brigham, E.F. (2016). Corporate Finance: A Focused Approach. Cengage Learning. Friedlob, G.T. Welton, R.E. 2008. Keys to Reading an Annual Report. Barron's Educational Series. Gibson, H.C. (2012). Financial reporting and analysis. Cengage Learning. Grier, W.A. (2007). Credit Analysis of Financial Institutions. Euromoney Books. Tracy, A. 2012. Ratio Analysis Fundamentals: How 17 Financial Ratios Can Allow You to Analyse Any Business on the Planet. RatioAnalysis.net
Thursday, November 28, 2019
Introduction Business operational dynamics require an organisation to embrace changes. Variations of economy, political climate, and technological dynamics create the necessity for organisational change.Advertising We will write a custom case study sample on Organisational Change of Clemenger BBDO specifically for you for only $16.05 $11/page Learn More Clemenger BBDO, which is a leading advertising organisation in Australia, sought to create organisational change by implementing various changes among them being leadership structures together with improvement of the business of the organisation. These changes failed to yield the anticipated results. The organisation faced challenges of poor customer relations and high rate of employeesÃ¢â¬â¢ turnover coupled with poor performance in terms of profitability. Hence, the main tasks of the new CEO of the organisation were to implement changes that would give the organisation a chance to address these challe nges. Using Clemenger BBDO as the main case study of organisational changes and/or how the changes can yield success of an organisation, this paper investigates the nature and drivers of organisational change, the change process and strategy, and organisational culture. Nature and Propellers of Organisational Change Organisational change is driven by the need to create a highly performing organisation in terms of competitiveness. Organisational change is a continuous process aimed at addressing the need to meet the demands of continuous changes, which influence the environment of an organisation. Organisations in all industries are interested in maintaining their levels of competitiveness for continued delivery of value to their owners: shareholders. According to Bertscherk and Kaiser (2004), Ã¢â¬Å"any organisation in todayÃ¢â¬â¢s fast moving environment that is looking for the pace of change to slow is likely to be sorely disappointedÃ¢â¬ (p.395). This means that organisation s need to welcome and embrace changes that would increase their performance. Zhou and Tse (2006) support this assertion by maintaining that organisations that are reluctant to embrace change risk losing their competitive edge (p. 249). In 1990s, Clemenger BBDO lost some of the royal customers to competitors, thus prompting the company to encounter heavy financial difficulties.Advertising Looking for case study on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Its best staff left with the repercussion of dwindled work morale. An organisation that is undergoing such difficulties is unable to deliver value to its owners in terms of increased returns on investments. Thus, change was inevitable. Indeed, Rob Morgan sought the help of Peter Biggs in the effort to create organisational change at Clemenger BBDO. Organisational change initiates by a clear statement of business problems followed by enumeration of the contributing f actors to the problems. Beer, Eisenstat, and Spector (1990) support this assertion by further stating that, after the definition of the problems, an organisation then proceeds to Ã¢â¬Å"reorganise employeesÃ¢â¬â¢ roles, responsibilities, and relations to solve specific business problemsÃ¢â¬ (1990, p.161). The business problem for Clemenger BBDO was to look for innovative ways for restoring work morale for employees together with looking for ways of attracting and retaining new clientele. Although literature on organisational change contends that change strategies often fail (Van de Ven Poole 1995, p. 513: Piderit 2000, p.783), failure to implement change exposes an organisation to more dangers in the future (Zhou Tse 2006, p.248). Peter Biggs considered analysing the probable changes, which while implemented would have turned the fortunes of the organisation around. Organisations may embrace several types of change in the quest to enhance their performance. These include tran sformational, developmental, and transitional changes. Through the leadership of Peter Giggs, Clemenger BBDO implemented transformational changes in the effort to enhance the contribution of leadership in organisational success and/or create an organisational culture that fosters innovation and motivation of workforce in the bid to create good customer relations. In any organisation, according to Dunphy and Stace (1993), change is implemented in three main approaches: Ã¢â¬Å"consultative, directive, collaborative, or coercive approachesÃ¢â¬ (p.911). Given the factors leading to the necessity of change in Clemenger BBDO, the best approach was collaborative.Advertising We will write a custom case study sample on Organisational Change of Clemenger BBDO specifically for you for only $16.05 $11/page Learn More Leadership is a key propeller of organisational change. During organisational change, leadership plays the role of associating resources and opport unities together with organisational competences with anticipated outcomes of change implementation (Bass 1993, p.40). Warrick (2011) further reinforces this position by arguing that leaders serve the principal function of establishing a teamwork culture, culture of mutual respect, effective communication, and culture for compliance to organisational standards of productive performance (p.17). Peter Biggs endeavoured to create a culture that fosters open communication, employeesÃ¢â¬â¢ engagement, and respect together with collective collaboration. These cultural aspects were critical in enhancing trust and workforce commitment to the goals, aims, and objectives of the organisation. Organisational Change Processes Peter Biggs stated that the main challenge of the organisation was that it never looked for imaginative ways of keeping it successful in changing business environment. This claim formed the initiating step for organisational change at Clemenger BBDO. Organisational change processes take several steps. They include the creation of change awareness, identification of the area that requires change, and diagnosis of the problematic areas (Senior 2002, p.52). Propellers of organisational change proceed to reviewing and analysing all possible solutions with a particular focus on their implications in terms of the performance of the organisation in the future. This forms the basis of reassessment of change plans before they are fully implemented. Awareness is particularly important in an organisation to mitigate the probabilities of resistance to change driven by the desire to maintain the status quo among employees (Oxtoby, McGuiness Morgan 2002, p.310). An organisation implementing change attracts questions of how and why it is not able to attain certain specified goals in the organisationÃ¢â¬â¢s visions and mission statements. This creates an opportunity for adoption of creative and innovative strategies for enhancing success.Advertising Looking for case study on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Organisational change management has several aspects. They include Ã¢â¬Å"evaluation, lifecycle, teleology, and dialecticsÃ¢â¬ (Ven Poole 1995, p.525). Life cycle refers to the process of organisational growth and maturation together with decline phases. For Clemenger BBDO, the focus of organisational life cycle was to re-engineer the operation of the organisation to address issues of decline of the business of the organisation. At Clemenger BBDO, decline was marked by reduced financial performance, deterioration of customer relations, poor motivation of employees, and increased labour turnover. Other perspectives of organisational change process are cultural changes and social cognition (Kezar 2000, p.35). From the cultural perspectives, anticipations for changes are rested on the platforms of mutual aims, values, goals, and objectives of an organisation. Clemenger BBDO concentrated on cultural aspects, which foster the implementation of effective strategies for organisational change. Change at Clemenger BBDO was also driven by the concepts of postmodern aspects of organisational change. Postmodernism states the significance and the role played by decentralisation, engagement, and the commitment to adapt all people to organisational change with the aim of establishing social realities. Its relevance at Clemenger BBDO is akin to the concern that the organisation sought to promote novelty and innovation, which were the primary focus of Peter Biggs. At Clemenger BBDO, change was not only significant to the owners of the company since they would benefit from increased returns owing to the increased clientele levels but also to employees. Organisational change is essential in an organisation since it permits people to acquire new skills and knowledge bases, exploits emerging opportunities for career growth, and/or develops creative and innovative mindsets (Nelson 2003, p.19). These merits have the implication of making an organisation perform better in the com petitive market environment. This implies that the process of organisational change is about enhancing the performance of employees via putting in place mechanisms of enabling them to achieve better outputs. However, according to Graetz et al. (2011), the transition stage in the process of organisational change creates tension between the personnel in an organisation driving change and employees. For Clemenger BBDO, tension is manifested through concerns of employees in terms of helping in creating change by aligning themselves to new organisational culture, values, and worries of the capacity to achieve new roles within the organisation. This issue underlines the significance of incorporating rational perspectives of organisational change in the effort to align organisational structure and change process with the business environment. In this context, Peter Biggs endeavoured to ensure the business environment, which is characterised by turbulence, is aligned to the organisational s tructure and employeesÃ¢â¬â¢ engagement efforts. Peter Biggs accomplished this goal by taking a strong leadership position on the desired direction of organisational change. Change Strategies and Organisational Culture Organisational culture is the heart of establishment and maintenance of motivational strategies, desired direction of the organisation and mechanisms of development of organisational commitment. Organisational culture refers to the values that are shared by all personnel within an organisation (Piderit 2000, p.785). The appropriate strategies for implementation of organisational culture are set out by cultural web (Graetz et al. 2011, p.45). Peter Biggs identified a myriad of tools, which would make it possible for the lost state of the company as the market leader in advertising to be restored. The most reliable clients of the organisation had left it hence destroying the brand position of Clemenger BBDO. The organisational commitment was also not spared. Peter Big gs struggled to restore these lost glories of the company by creating an organisational culture that favours innovation and creativity. This means that the organisational structure and methods of leadership in the organisation needed to follow this strategy for rekindling performance of the company. Peter Biggs set his objective as establishing a culture and organisational goals at Clemenger BBDO linking strategic plans of the organisation based on the concerns of making the organisation a market leader in advertising again. This endeavour supports MintzbergÃ¢â¬â¢s argument that strategic plans of an organisation need to aid in the creation of innovative systems in an organisation that is capable of having a long-term sustainability (2004, p.78). At Clemenger BBDO, strategic plans were deployed as channels for accommodation of unprecedented changes for the organisation. This was important in helping the company to remain competitive. Conclusion The business environment of an organ isation is not static. Hence, organisations deploy innovative strategies for ensuring that they remain competitive and/or retain their market share. This calls for development of an appropriate strategy and restructuring of organisations to facilitate cultural change together with deployment of resources that are available to an organisation to enhance compliance to new changes. As argued in the paper, Peter Biggs was successful in his identification of the problems, which had plagued Clemenger BBDO by implementing a collaborative organisational culture that fostered innovation and sharing of knowledge among customers and employees of the organisation. This strategy was effective in restoring the status of Clemenger BBDO as the market leader in advertising in Australia. Although organisational change strategies are characterised by immense failures, the case of organisational change at BIDDO is an important benchmark for success in organisational change strategies. References Bass, M 1993, Leadership and performance beyond expectation, Free Press, New York. Beer, M, Eisenstat, R Spector, B 1990, Ã¢â¬ËWhy Change Programs Do Not Produce ChangeÃ¢â¬â¢, Harvard Business Review, vol. 1, no. 1, pp. 158-166. Bertscherk, I Kaiser, U 2004, Ã¢â¬ËProductivity Effects of Organisational Change: Microeconometric Evidence,Ã¢â¬â¢ Management Science, vol. 50, no. 3, pp. 394-404. Dunphy, D Stace, D 1993, Ã¢â¬ËThe Strategic Management of Corporate ChangeÃ¢â¬â¢, Human Relations, vol. 46, no. 8, pp. 905-920. Graetz, F, Rimmmer, M, Smith, A, Lawrence, A 2011, Managing Organisational Change, Queensland, Milton. Kezar, A 2000, Understanding and Facilitating Change in Higher Education in the 21st Century, Jossey-Bass, Washington. Mintzberg, H 2004, Ã¢â¬ËIdeas about ManagementÃ¢â¬â¢, Engaging leadership, vol. 4, no. 5, pp. 67-81. Nelson, L 2003, Ã¢â¬ËA case study in organisational change: implications for theoryÃ¢â¬â¢, The Learning Organisation, vol.10, no.1, pp. 18Ã¢â¬â30. Oxtoby, B, McGuiness, T Morgan, R 2002, Ã¢â¬ËDeveloping Organisational Change CapabilityÃ¢â¬â¢, European Management Journal, vol. 20, no. 3, pp. 310-320. Piderit, K 2000, Ã¢â¬ËRethinking Resistance and Recognising Ambivalence: A Multidimensional View of Attitudes toward an Organisational ChangeÃ¢â¬â¢, Academy of Management Review, vol. 25 no. 12, pp. 783Ã¢â¬â794. Senior, B 2002, Organisational Change, Prentice Hall, London. Van de Ven, A Poole, M 1995, Ã¢â¬ËExplaining development and change in organisationsÃ¢â¬â¢, The Academy of Management Review, vol. 20, no. 3, pp. 510-540. Warrick, D 2011, Ã¢â¬ËThe Urgent Need for Skilled Transformational Leaders: Integrating Transformational Leadership and Organisation DevelopmentÃ¢â¬â¢, Journal of Leadership, Accountability and Ethics, vol. 8, no. 5, pp. 11-32. Zhou, Z Tse, D 2006, Ã¢â¬ËOrganisational changes in emerging economies: drivers and consequencesÃ¢â¬â¢, Journal of International Business Studies, vol. 37, no.13, pp. 248-263. This case study on Organisational Change of Clemenger BBDO was written and submitted by user Ph1ll1p to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.
Monday, November 25, 2019
Calculators on the SAT Tips from Experts SAT / ACT Prep Online Guides and Tips Calculators are allowed on the SAT, and not using them correctly can put you far behind. SAT experts Fred Zhang and Allen Cheng discuss which tips and strategies worked for them in getting perfect scores. Intro to Calculators on the SAT Allen: So just how important are calculators to the SAT? Fred: I would say they're of medium importance on the SATMath section. You absolutely need to have the right calculator strategy. On the one hand, most of the work on the math section (even the calculator section!) is interpreting the problem - a calculator can't do that for you. On the other hand, not using a calculator or using the wrong calculator strategy can really mess you up. Allen: I agree. Calculators can't make your day, but can definitely break your day.You need to avoid mistakes to get a good score on SAT Math, which you need to do if, for example, you are aiming for a top engineering school. Here are our top tips. Tip 1: Bring a Calculator The College Board Official Calculator Policy says that you don't need a calculator for the SAT. They say that because the College Board needs to make the SAT seem accessible to people of all income levels. The reality is that a calculator,and the right calculator at that, is an absolute must. We've taken the ACT, SAT, GRE, MCAT, and a whole slew of standardized tests as well as class tests. Whenever calculators were allowed, 9 out of 10 times they were of substantial help. When you need to multiply 2392 x 323, it's faster and more accurate to do so on a calculator. Bring your calculator! Tip 2: Always Double-Check the Entry Line What's an entry line? It's a lineat the top of the calculator that shows you what you've typed: Many Scientific Calculators, like the Casio fx-300MS (Fred's personal favorite for the SAT), have an entry line, as do the Ti-83, Ti-84 and Ti-89. Fred: Always, always glance at this to double-check before you hit enter. Glancing takes less than a second, and so many times I caught myself typing (425+25) instead of (424+25) or reversing a decimal. A few mistakes like that on the math section can cost you up to 50-100 points! By double-checking, I have managed almost never to make a computation mistake. Allen: Absolutely. My favorite SAT calculator is the Ti-89, and I check the entry line all the time. If you're a high scorer, it is crucial for preventing careless mistakes. If you're not a high scorer, it lets you double check the order of operations, and lets you match the equation on the paper. Fred: Oh, and implicit in all of this is that you should stay away from calculators that don't have an entry line.That 4-function (only does add, subtract, multiply, divide) calculator in the closet? No way. Some scientific calculators don't have an entry line - using one would put you at a big disadvantage. Tip 3: Be Familiar With Your Calculator Allen: What would you say your worst calculator experiences were? Fred: Oh, by far, in school when I had to use one I wasn't used to. I'd be hunting around for the "sine" symbol. I'd find it, but then realize I have to hit another button at the same time to activate it. And to add to that, halfway through the quiz, I realized the calculator angle unit was set in radians instead of degrees, so my answers would be all wrong. As an aside, do you know how to swim or ride a bike? If so, then you know how important being familiar with an activity is. Calculator familiarity is no different. If youÃ¢â¬â¢re hoping to get the most out of your calculator, you must, must, must use one that you are used to. One that you've used for 20 hours or more, ideally. You have a vague muscle memory of where the keys are, what settings there are, and so forth. Remember this: the worst calculator is an unfamiliar calculator. A familiar scientific calculator is far better than an unfamiliar Ti-89. How do you gain familiarity with a calculator? Pick one you like, and then use it for tests, homework, and anything else. To the extent possible, when doing classwork, don't borrow other people's, don't use the class calculator. Gain familiarity with one calculator model. Tip 4: Know When to Put the Calculator Down Allen: Is there such thing as believing in the calculator too much? Putting too much faith in it? Fred: Oh, absolutely. Throughout my career, I've seen so many students who think that the right calculator will magically solve all their math problems.These students go through the trouble of firing up their Ti-84, navigating a slew of menus to find a high-powered cubic equation solver, slowly enter in the equation carefully, hit enter, and get a rounded answer like .588 that they have to convert back to 10/17. Allen: I've seen those in my day, and the kicker is that the math problem would take 2 minutes to do on the calculator, while if you just thought creatively about the problem, you'd get it in 15 seconds. Fred: For sure, calculator over-users suffer from typos on the calculator, and the conversion of rounded numbers to fractions. Beware of Using a Calculator When: You feel like you have to use a super-complicated program to solve it. You know the answer is a fraction like 5/13, but the calculator only outputs decimal equivalents. When you have to use a large number of key-presses or menu navigations to get to your answer. More key presses means more chances for mistakes. Our golden rule: If what you're trying to do with your graphing calculator is NOT doable on a scientific calculator, you are likely overusing your calculator. In fact, I would go so far as to say that you should really only be using the calculator to do combinations of the four basic functions,like (425+25)/3 - (42*4)/3. You Should Use Calculators: To improve the accuracy of 4-function calculations (but be careful what you type!). To speed up complex 4-function calculations (typing 3823 * 84 is much faster than doing it by hand). For minimal other uses. Bonus QA: What's Your Favorite Calculator for the SAT and Why? Fred: For sure, the Casio fx-300MS. I have so many reasons for loving this calculator (and they're not paying me to say this): It has an entry line, and we talked about how important this is. It's a relatively simple calculator, meaning all teachers will let you use it for exams that allow calculators, so you can get a lot of practice using this calculator. Since it's a simple calculator, you'll also never be tempted to boot up the cubic equation solver, which we discussed before is often less than optimal. The only drawback is that, if you find that there is some graphing calculator function you must use, and you've found it to be helpful, it won't be on this one. But I've personally never found such a "mandatory" graphing calculator function, at least not for the SAT. Allen: I like the Ti-89 the most. It's one of the most powerful calculators acceptable on the SAT. Why do I love it? It has much more functionality that most other calculators (and is more expensive as well). It gives you answers back in fraction and "rationalized" format: so if the answer is 10/17, it will give you that, instead of a decimal jumble like0.5882352 (which leaves you to match it up). I find the equation solver to be pretty helpful. Solving 3x+4y=6, 9x+2y=-10 is kind of a pain manually, and you can just type this in on the Ti-89. But typing it in correctly takes not much less effort that solving on paper, so I can go either way on this. It's definitely not a "mandatory feature." Key CalculatorActionables The most important lesson for calculator use, again, is to have a calculator at all. Secondly, it's key double-check all entries. Thirdly, you have to develop familiarity with the calculator. And finally, use it mainly for four functions, plus just a bit more. What does this mean you should do? Master one calculator. Bring a backup to the test, or at least backup batteries. What do we not recommend? Spending hours loading complicated programs into that Ti-84. Relying on using the advanced functions of each calculator. Obsessing over the calculator as the golden ticket to your 800. Now that you know these tips, go out and conquer the SAT Math section! What's Next? Not sure what score to aim for on the SAT? Read our guide to learnhow to figure out your target SAT score! Need more helpprepping for the SAT Math section?We're here to help! Check out our ultimate SAT Math guide for everything you need to know to ace this section of the SAT. Hoping for a top SAT Math score? Read our guide, written by a perfect scorer, on how to get an 800 on SAT Math. Want to improve your SAT score by 160 points? Check out our best-in-class online SAT prep classes. We guarantee your money back if you don't improve your SAT score by 160 points or more. Our classes are entirely online, and they're taught by SAT experts. If you liked this article, you'll love our classes. Along with expert-led classes, you'll get personalized homework with thousands of practice problems organized by individual skills so you learn most effectively. We'll also give you a step-by-step, custom program to follow so you'll never be confused about what to study next. Try it risk-free today:
Thursday, November 21, 2019
Setting up an independent record label ( BUSINESS PLAN ) - Essay Example The independent music industry around the world is renowned for providing a platform to such artistes who are either not considered commercially viable by the large companies or do not consider themselves worthy enough to approach larger music companies. As a result, such artistes seek the advice or aid of independent labels. Theses labels have recently caught the attention of larger scale companies Like Universal etc for their successful promotion and in fact the astronomical sales of certain artistes is a testimony to the success of the labels. In the United Kingdom alone, certain independent labels such as Stiff Records, factory Records and Rough trade have helped define certain vital niches for the artists they promote. In the United States, these labels have a long history stretching back to post-war period such as Sun Records. (Barry 1997) One of the major success factors of these companies has been technology, as now individuals can produce quality music while sitting at home. The decrease in the costing and access to numerous customers has resulted in the recent expansion of the Indies. (David 1999) This business plan would refer to the set -up of "Zee Ma Records"; an independent music label which would pertain to the music genres of punk rock and dance compilations. The reason for having these two poles opposed to each other music genres is that dance compilations would allow the company to earn a steady amount of income while the actual focus would be on promoting punk rock acts which have been overlooked by major companies. Punk rock acts are huge in number and this business plan would be focusing on the punk rocks in the United Kingdom. Another reason for the selection of this particular genre has been the fact that numerous acts have been successful in the recent times in the independent sector especially and therefore a viable sector to invest in. Zee Ma records stands for quality and Originality and it offers contracts to artists with the assurance of proper representation. (Shemtob & Braund 2005) This company would be operating on a smaller scale in the initial phase and therefore, the key personnel would be of a limited number as the cost actor has to be kept in mind at all times. The initial operational phase would include three members as the entire management team. The director would be the main face of the corporation who would handle all the management, legal and business affairs as well as having the final say in the accounts. However, for most deals and contracts specialists would be hired to deal with them as the director would be relatively inexperienced initially. (Andrew 2005) The other two personnel would be responsible for the office administration, book-keeping, press, radio and media promotion. The staff costs would therefore, vary according to the skills of the personnel and the amount of work required from them. The label would offer two sorts of contract; a royalty contract and a 50:50 profit split. The contracts terms and conditions would vary according to the reputation of the artist, their time of association with the label, and their success
Wednesday, November 20, 2019
Egyptian book of the death - Essay Example After that, the Nile Valley area became a province under the Roman Empire and was ruled from outside its borders for almost a thousand years. It was at this time that its culture changed out of all recognition. As a result, the Egyptian book of the dead was written as a collection of chapters made up of formulas and magic spells written and illustrated on papyrus. These funeral chapters began to appear in tombs at around 1600 BC. It is the guidebook that guides the deceased to a happy afterlife. The text is made to be read by the deceased as they travel into the underworld. By reading it, the deceased would overcome obstacles so as not to loose their way. The practice was possible by providence of passwords, clues, and revealing information on routes that allowed the deceased person to navigate around hazards and answer questions. It would grant the protection and help of the gods while reading the deceasedÃ¢â¬â¢s identity with the gods2. Around 5000 years ago, the Egyptians established an enduring and extraordinary civilization. The following is a journey through it all. The first breakthrough to Egypt civilization came along the valley of River Nile. This locality is flat, and the climate alternated between the hot-dry and the very wet, with the latter producing floods of rivers and swamps. These conditions challenged the human skills and his ingenuity. The rivers led to success in agriculture, and thus, the large and still growing population was sustainable. The desert that protected the land from attacks and invasions by neighbors sealed the Egyptian breakthrough. This success led to advancement in other and broader fields such as writing, calendar, centralized system of government and a system of irrigation all developed. As a result, Egypt divided into provinces, each ruled by a monarch. Feuds and conflict were common. Menes was
Monday, November 18, 2019
Read the Ford Case Study and answer the 3 questions assigned - Essay Example This cash position seemed much more considerable when compared to the companyÃ¢â¬â¢s $57 billion market capitalization in the year 2000. This cash accumulation seemed humongous and it needed proper allocation of this cash reserve to make sure that the company progresses smoothly and steadily in future. The cash position was almost half of the market capitalization i.e. the market value of the company at that time. The companyÃ¢â¬â¢s directors decided to use the Value Enhancement Plan to distribute the cash amongst its shareholders. The alternatives for cash distribution would have been: Investing those funds into other profitable investments/ventures. Capital Expenditure i.e. by buying any machinery/equipment that can be used within the business for a long period of time. The Value Enhancement Plan (VEP) was designed to distribute cash amongst the shareholders of the company. Under the VEP, the existing shareholders would exchange their common or Class B share type one-for-one fo r a new share of the same type. Besides that, the shareholders had the right to receive $20 cash or $20 cash equivalent shares based upon the market value of the shares as on July 2000. The aim of the VEP was to ensure better flexibility, liquidity and alignment for its shareholders.