The Characteristics And Actions Of Management Essay

As I continue to work in an organization, I am very observant of the characteristics and actions of management. I watch management to see how they tick. I am curious to how management functions, what roles they play, and what skills they possess. In my last job, I witnessed a manager that struggled to do the basic management functions, no designated managerial role, and ineffective managerial skills. Basically, I learned that my previous manager how not to operate in management. Management Functions Robbins Judge (2012) says, â€Å"Managers get things done through other people.† (p. 5). Managers are tasked to delegate work to so that goals and responsibilities are completed. Managers have responsibility of three functions. Managers must plan, organize, and lead the organization (Robbins Judge, 2012). Managerial planning is creating a strategy and prospective goals for the organization to accomplish. Organizations rely on management to create an effective strategy by coordinate activities, plans, and resources. In my previous experience, I can’t remember if management ever clearly planned. There would be times were tasks were not done correctly, or whe did not have the resources to finish a job. I know realize that my previous manager did not have a functional plan. Another function managers must be able to do is organize. Managers must create an organizational structure (Robbins Judge, 2012). This allows the organization to know who, what, when, where, and how tasksShow MoreRelatedProject Risk And Risk Management1412 Words   |  6 Pagesproject risk management includes six process: 1- Risk Management Planning: Deciding how to plan and execute the activities. 2- Risk Identification: Determining which risks can be affect the project. 3- Qualitative Risk Analyses: Priorization risks for consequent further analyzes by assessing and combining their probability of occurrence and impact. 4- Quantitative Risk Analyses: Analyzing probabilistically the effect of risks on the project objectives. 5- Risk Response: Developing actions to enhanceRead MoreEssay on Japanese Management Style1088 Words   |  5 PagesJapanese Management Style Japan was totally destroyed during the World War II but in less than 40 years Japan has risen from the ashes to world leadership in many areas of technology and business. This success is attributed to its unique managerial techniques. 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This essay will explore the difficulties encountered, as well as, the successes of establishing self-directed and highRead MoreRatio Analysis Memo1035 Words   |  5 PagesCorporate Characteristics Proposal Katherine Collinge, Moses Gatson, Tanya Mueller, and Terri Sturgeon University of Phoenix ACC/363 Financial Accounting II Bob Wells April 27, 2009 Corporate Characteristics Proposal Introduction here Various Forms of Business Organizations Before starting a new business, several decisions such as its legal structure must be made first. Five basic entity types exist in which to structure a business. These types consist of soleRead MoreEmployment Relations870 Words   |  4 Pagesindustrial action taken by the Construction Forestry and Mining Employees Union in forming the Barangaroo picket line. Introduction: This essay will discuss the two different management approaches towards to the recent industrial action taken against Lend Lease and identify what differentiate the two approaches. The second part of the essay will provide an argument of how applying these approaches from the upper management could potentially change the outcome of the industrial action against LendRead MoreA Project Manager For A Company That Utilizes Informal Project Management Techniques948 Words   |  4 Pages1. You are a project manager for a company that utilizes informal project management techniques. Thirty days into the project you realize that the team is not communicating effectively and dates are starting to slip. What two actions might you take to correct this situation? Communication is one of the four columns of informal project management. If communication channels are not been used, or if information is not flowing effectively and efficiently, then the whole methodology is compromised,Read MoreThe Lack Of Leadership Management1318 Words   |  6 PagesThe Lack of Leadership The management problem is about a Chief Executive Officer (CEO) of Precision Imaging Centers (PIC), which affects the corporate guidance, display ineffective communication skills, lack of employee motivation, presents questionable actions of moral leadership, and inspire the need for corporate change. First of all, the CEO does not present a mission for the PICs corporation and no vision can be formed; therefore, lacks corporate direction and lacks supportive communication

Benefits Of Cell Phones For Young Children - 882 Words

As today’s world has evolved with over 6 billion people having mobile phones; communication has become further of a necessity for older human beings. As parents, some do not grasp a reason for their young ones having a cell phone in their possession at all times. However, as parents more or less understand the necessity of their younger children having a form of communication to and from home. Having a cell phone in today’s society has become a modicum of what some perceive on an everyday basis, with children younger than the age of 13 not so much. Although, a plethora of people may argue that younger children have the ability to have internet access, and the thought of predators seeking out younger children through their cell phones remains terrifying. Some also believe it remains safer for young children to have a way to communicate with not only the authorities on the other hand also parents or guardians in case of emergencies. The benefits of cell phones for young c hildren outweighs the pricing of these mobile devices when it comes to their safety and wellbeing. While mobile phones are not a discovery to this day and age, there has been a plethora of additions to these devices in the past four decades. Among the new additions to this excellent technology, this also created easier access for the young and elderly, communication, educational games, educational resources, etc. thus, making this product an all-around helpful resource for the young and seasoned, expandingShow MoreRelatedCell Phones for Young People Useful or Distracting?1031 Words   |  5 Pages There has always been controversy as to whether texting and cell phone use can cause young people to be less likely to be able to concentrate and focus. As young citizens we have the right to be able to own a cell phone and not be criticized using it for educational reasons. 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Company Law Incorporated Company in Singapore

Question: Describe about the Company Law for Incorporated Company in Singapore. Answer: Introduction In the given situation, The Everything Possible Lah Pte Ltd is an incorporated company in Singapore that has independent directors and is therefore governed by the Companies Laws and legislations that are prevalent in Singapore. Profits were being made by the company and in this scenario, three directors of the company made three comments regarding their future course of action. These three statements made by the directors shall be taken into account for discussion in the given matter and advice shall be provided on the relevant penalties that arise from non-compliance. Director Arsene Director Arsene said that there was no necessity of providing details of accounting to the shareholders as long as the organization is earning profits. Sections 199 to 204 of the Companies Act clearly lay down the duties of the directors. It has been provided that directors need to comply with their financial reporting obligations which entails them to maintain financial reports and statements, laying down the accounts for profits and losses made by them, maintaining accurate balance sheets and also presenting the director's report in front of the shareholders and members in the Annual General Meeting of the company and simultaneously, it is expected that they should report on the state of the affairs of the company and provide members with copies of statements providing all the requisite financial details ("Ch.17 Corporate Finance and Securities Regulation", 2016). A failure by the directors to observe this requirement exposes them to criminal liability and fines may be imposed on t hem for making breach of duty under the Act. The amount of fine may be up to S$15,000 and in certain cases, there might also be an imprisonment for up to three years (Halsbury's laws of Singapore, 2006). Case precedents like (Lim Weng Kee v PP, 2002) can be taken into account here. The directors failed to comply with the auditing requirements and the shareholders though they received a share of their yearly dividends, yet the failure on the part of the directors to show the accurate books of audit was held to be a valid ground for considering breach of duties by the directors and hence civil penalties and criminal charges were levied against them. It should be noted that in the given instance, though the company is making profits, it cannot be said that just because of this reason, the shareholders do not have a right to access the books of accounts of the company (Shorewala Vasumitra, 2015). It is a statutory duty of the directors to show the correct books of accounts to all the shareholders and hence, they cannot err from this duty. Thus, it can be said that the proposal of Director Arsene is not a sound one and if the breach of duty is proved against them, all the three directors can become liable for civil and criminal penalties. Director Mourinho Subsequently, Director Mourinho stated that since the government had provided relaxation with auditors, and at the same time, regulatory burden has been reduced to the companies, there is no necessity for the company to appoint another auditor for them and they can manage their work with the appointment of Ah Seng from the accounts department under the shoes of their auditor. This could have been said to be a sound option if this was a small listed company with only one director and much lesser annual profit turnover. It should be noted that all companies in Singapore should be registered with the Accounting and Corporate Regulatory Authority and at the same time, should abide by the requirements of the Companies Act. The present company is a private limited company (Vita Health Laboratories Pte Ltd Ors v Pang Seng Meng, 2004). The key requirements for setting up this company are that it should have at least one shareholder, one resident director, one company secretary, initial paid -up capital of at least S$1 and a physical office address in Singapore (Company law in Singapore, 2008). Appointment of an auditor is mandatory for this company because it has been made compulsory that all Singapore incorporated companies should appoint one auditor within three months from the date of which it is incorporated. Unless and until the particular company is exempt from the auditing requirements, appointment of an auditor is necessary and this cannot be avoided. To get the exemption from the auditing requirements, the company should fulfill certain criteria. One of them is that the company should have less than 20 individual shareholders and there should be none of them who are a corporate shareholder. Second requirement under this criterion is that the annual turnover of the company must be less than S$5 million ("Form a Singapore Private Limited Company", 2016). However, in the given situation, the company that is being discussed does not satisfy these requirements and hence, it is not exempt from auditing requirements. Thus, it is necessary to appoint an independent and di stinct auditor for the company. If this is not done, then the company is liable to become responsible for breach of statutory requirements and thus, penalties might be imposed on the company (Soderquist Gabaldon, 2011). Director Klopp The third statement was made by Director Klopp who opined that it was not necessary for the company to issue a prospectus because it is not listed on the stock exchange. Considering the present recommendations of the working committee, it can be said that the opinion of Director Klopp is a valid one and the company in fact does not need to issue a prospectus at this time if it has not yet planned to list itself on the stock exchange. The issue of a prospectus becomes necessary whenever an offer of securities is being made and this is not an excluded or exempt offer that is being taken into consideration. Moreover, issuing a prospectus also becomes important if the company issues units in collective investment schemes. However, the present business structure is not under any of these criterion and hence, it is not necessary for them to issue prospectus at the present time (Yeo, 2011). Had the company been involved in any business for which issuing a prospectus is mandatory and even th en it fails to issue the prospectus, then criminal as well as civil liabilities would have been imposed on the directors for breach of statutory duties. Prospectus is basically a document that is designed in such a way that the investors get an idea of the business, assets and nature of the company so that they can make informed decisions regarding whether they wish to invest or purchase the securities or not. However, since the present company in question is not involved in any business of this kind, nor is it listed on the stock exchange at present, it is exempt from the requirement of issuing a prospectus and there is no requirement under the law for this company to mandatorily issue a prospectus. The nature of business of the company is not misleading in any way and hence there is no question of deceiving the creditors or the shareholders (Guide to company law in Malaysia Singapore, 1990). Moreover, it also has shown compliance with all other requirements as specified under the laws and thus it automatically becomes immune from the liability of issuing a prospectus. Lastly, as far as the general interest of the public is concern ed, since there has been no reporting of any kind, the company is not mandated to issue prospectus at present. Conclusion It can thus be stated in the given situation that the Companies Act as well as the Securities and Futures Act are powerful tools that determine whether the statements made by the directors in the meeting are justified or not. The analysis as presented above indicates that for having made such statements, the law can impose civil and criminal penalties on the directors in the majority of the instances. References Ch.17 Corporate Finance and Securities Regulation. (2016).Singaporelaw.sg. Retrieved 5 October 2016, from https://www.singaporelaw.sg/sglaw/laws-of-singapore/commercial-law/chapter-17 Company law in Singapore. (2008). Singapore. Form a Singapore Private Limited Company. (2016).Singapore Company Incorporation | Registration and Work Visa. Retrieved 5 October 2016, from https://www.singaporecompanyincorporation.sg/how-to/incorporate/a-beginners-guide-how-to-form-a-singapore-private-limited-company/ Guide to company law in Malaysia Singapore. (1990). [Singapore]. Halsbury's laws of Singapore. (2006). Singapore. Lim Weng Kee v PP, 2 SLR (R) 848 (2002). Shorewala, K. Vasumitra, V. Comparing Takeover Laws in the UK, India and Singapore.SSRN Electronic Journal. https://dx.doi.org/10.2139/ssrn.1753341 Soderquist, L. Gabaldon, T. (2011).Securities law. New York, N.Y.: Foundation Press Thomson/West. Vita Health Laboratories Pte Ltd Ors v Pang Seng Meng, 4 SLR 162 (2004). Yeo, V. (2011).Commercial applications of company law in Singapore. [Singapore]: CCH Asia.

Reservation System in India free essay sample

Reservation System in India The concept of reservation was enshrined in the Constitution to allow the so-called deprived classes to come at par with the so-called privileged ones. The Constitution of India allows this kind of positive discrimination in order to bring about equality of opportunity and status in the society. The founding fathers had never intended Reservation to be a temporary phenomenon. Reservations to the underprivileged were to be extended until they were uplifted socially and stabilized economically. Reservations with the view of helping the deprived classes to gain a better footing and avail equal benefits of an independent and free nation was introduced in the system. Yet, the various governments till now have failed to truly uplift the backward sections of the society and failed to provide them with equal opportunities even after 60 years of independence. Freedom and application of a reservation policy, has changed nothing. In reality, reservation has failed at all fronts. We will write a custom essay sample on Reservation System in India or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Not only has it failed to achieve the desired aim of bringing the non-privileged classes into mainstream, it has marginalised them all the more and deepened the caste system even more. Moreover, reservations is now used not as an effective means of eliminating discrimination but as a vile instrument of increasing the vote-bank. The 93rd amendment and the recent declaration of the government for reservation in institutions of higher education has once again stirred the anger of the youth in general all over the country. The moral ground in favour of reservations still holds good. What is needed is to formulate a well-balanced policy of reservation, which opens equal doors of opportunity to all. Development of one section of the society should not be at the cost of the other section. Development of the society can be possible only if all the sections of the society are given equal opportunities. Opportunity for development should be judiciously distributed among all the sections of society. Opportunity in education, jobs and other fields of life should be equally distributed. The present decision of the government regarding the reservation policy has angered the youth because it triggers the development of one section of the society while pushing another into oblivion. Moreover, as the Supreme Court has put a stay on the implementation, the controversy has deepened. The country seems to be divided into two bi-polar thought streams— one supporting reservations and another dead against it. If one takes a look at the issue objectively one will realize that the intention behind reservations is not faulty at all but it is the implication and the application of it that has proved ineffective. The way reservation has been implemented all these years has deepened and aggravated the caste distinctions in the society, marginalised the poor and the needy and has benefited only the topmost layer of the so called Backward classes. The benefit of reservation has failed to trickle down to the lowest section of the society. Moreover, it has killed the spirit of brotherhood and healthy competition, the desire to surge forward and to work hard. Reservations based on the narrow concept of caste is thus, fundamentally wrong and hence has proved to be a failure. Thus, it is time to introspect, while keeping aside the greed of political mileage and think objectively about where things have gone wrong. It seems that nobody really cares about the welfare of the underdog but wants to gain a bit of the large chunk of political boost for the next elections. Reservation should not be forsaken because, in fact, every one wants that society should develop as a whole and everyone should reap the benefits of development. But reservations instead of being caste-based to meet the political needs of our power hungry politicians, should be based on a more acceptable criteria through which every section of the society is benefited. For instance, it can be based on economic status or anything else that can work truly for our society and state. We should take a lesson from the United States in this regard. It is the most market-oriented country and has a policy of affirmative action. US universities and the government give preference to Black and Hispanic applicants in admission as well as jobs. Yet the US economy remains among the most competitive in the world. The trick lies in undertaking affirmative action by providing incentives rather than quota-based restrictions. The US has long abandoned the quota system for affirmative action. They have put in place a point system under which candidates from among the Blacks, backward regions, immigrants, etc. are given a few extra points in admission and appointment procedures. This leads to nominal increase in the cost of production. The additional points only lead to nominal lowering of standards. In contrast, the quota system can lead to a heavy lowering of standards. Similar, is the case in South Africa where the new constitution envisages a programme of affirmative action. We need to identify the ones who are really needy, downtrodden a nd under privileged. Then, we need to provide them with proper incentives such as education, opportunities and financial backing. After that real talent and hardwork should be awarded and accepted instead of blindly guaranteeing anyone a secure future merely on the basis of caste even though he/she is least deserving. Merit should be the criteria because the country needs the best of its people in order to develop and not those who are harnessing the unmerited and undeserved benefits just because they belong to a section of society which has been luckily marked in the Constitution as under-developed. It is so disheartening to see a well deserving candidate with a promising future to lose out to another less deserving candidate because he happens to be from a reserved section of the society-fortunately or unfortunately. Why should a deserving individual suffer only because he happens to be a part of the so-called privileged class of society-unfortunately or merely because of the faulty policy of the state? Nothing much has changed since the past 60 years proving that we have misdirected our energies in the wrong direction. We have failed utterly in bringing the under-privileged at an equal footing with the rest of the society. Rather, many a times, it seems that the reservation policy tries to avenge the wrong done to the non-privileged all these years. We have successfully paralysed a section of the society permanently and blocked their upward mobility by killing their zeal to work hard and be rewarded. Who will want to work hard if one gets an opportunity and other incentives without burning the midnight oil? Instead of encouraging this kind of lethargy, the policy should be formulated in such a way as to harness the real cream of every section of the society regardless of their caste or community for the betterment of the society. In view of the present scenario, it is needed to keep aside the narrow vote bank politics and think truly for the betterment of the under-privileged and honestly pursue! policies and programmes for their upliftment.