There are ways to minimize fraud occurrences by implementing different procedures and controls: 1. Know your employers Fraud committers often show behavioral traits that can indicate the purpose to commit fraud. Observing and attending to employees can help you identify potential fraud risk. It is important for organization to be involved with their employees and take time to get to know them 2. Make Employees Aware and Set Up Reporting System Awareness affects all employees.
Enron's starting points go back to 1985 when it started life as an interstate pipeline organization through the merger of Houston Natural Gas and Omaha-based InterNorth. Kenneth Lay, the previous CEO Officer of Houston Natural Gas, became CEO, and the following year won the post of administrator. (CBC News, 2006.) Enron is an example of corporations that has faced bankruptcy in the recent past because of the numerous problems it had with federal and state governments for manipulation of financial statements. While these problems are not only attributed to organizational issues, accounting firms are also blamed for such incidents.
American Airlines, British Airways and Iberla all joined to form a business alliance to offer the best-discounted rates across the Atlantic. (American Airlines British Airways Iberia, 2012) This alliance was necessary for the organization because if American Airlines wasn’t ready for change they had a high-risk possibility to lose everything. Changes in the ever growing Aviation market can’t be stop in today’s competitive environment but American Airlines were ready for the change by merging and taking over US Airways and also forming an alliance with British and Iberla airlines in order to become an adaptable organization. The organization vision is shared across company and enacted. American Airlines innovation is transferred across the organization system.
If the corporation initially had prioritized ethical values and decision-making evaluations at every level of the business, this scandal could have been prevented at least its magnitude. Contracting ethical officers and on-going training would have educated employees on the proper decision making steps. This dilemma safeguarded that Wells Fargo will take a different approach with its management team, ensuring they are trustworthy and promoting the company values, as customer satisfaction and trust is the
The implement of whistle blowing policy can make the employees can detects changes at company environment and they often know more the current situation of the company. As a result, the implementation of whistle blowing policy that allow the management team to find out the flaws in the company and take appropriate actions immediately. Then, information provided by the whistle blower should be kept in confidential. The identities of whistle blower also keep confidential to protect the safety of whistle blower. Rewards can be given accordingly.
Rolls Royce’s new engine designs offered exactly that and proved to be an ‘order qualifier’. The design was an advantage for all airline companies as they could consider entering exclusive deals with Rolls- Royce for their various airline models and could possibly benefit from generous discounts as a result of bulk orders. And this in turn would lead to repeated business for Rolls-Royce giving them a competitive advantage of being the preferred engine manufacturer. (Rolls-Royce: Britain 's lonely high-flier, Jan 8th 2009) Rolls-Royce’s innovative idea of ‘Power by the hour’ is a true example of an order winner. Most airline companies try and avoid responsibilities associated with projecting costs for maintenance and equipment break down.
If the Air Asia to be competitive as a low cost or budgeted fare airline, Air Asia should continue to grow its services by simulating new markets in a sustainable manner. They also need to build stronger brand image as it’s continue to loose. Maintenance Since, Air Asia do not have its own facility to maintain its aircraft has to take it other facility. It has being long to do maintenance work for its aircrafts every now and then which cause delay in flight too. So it’s important for them to have a facility which can directly control its practices to avoid any further delay.
Diversification of their products is another key market driver, if the products developed are successful and current customers are satisfied this enables Boeing to enhance their marketing strategy and diversify their inventory worldwide. Boeing at this time is concentrating on adding significant activities to their core competencies as a part of corporate-level strategy. In addition to providing the basic primary activities and supporting activities in their new chain model, Boeing continually tries to add new valued marketing activities for their customers. One of those new activities is Boeing’s establishment of Boeing Capital Corporation (BCC), which offers a diversified allocation of aircraft leasing and financial management which is a strong hold for future Boeing marketing. Another activity is Boeing’s after-sales services which targets parts distribution availability ensuring parts are available by becoming the sole supplier.
Movement Change Another phase at Lewin’s Model is movement. In this stage there was introduction of “Emotional Labor” that Georgiandes championed –that is there is high quality of energy is needed in order to meet the high standard of quality services in Airline industry since this may lead to emotional draining and permanent physiological burn out so an emotional support mechanism is needed to provide the emotional support the first line workers. There was important critical training programme was introduced so called “Managing People first” for the management level. This programme includes active participation of the senior management, to fro communication, feedback and appraisal policy. To back up this changes certain vitals BA structures
Right now, there are numerous reasons, which have an impact on the air transport industry to focused among industry, such a variety of carrier organizations need have created their systems to be all the more viably so as to lead the business zone. Emirates carrier is one of the huge organization in the aerial shuttle industry, yet today there are extensive number of Airline organizations are as of now developing in the business sector, which are searching