In the first place, nowadays we know that the audit firm was heavily conflicted on some client accounts, receiving millions of dollars in fees in return for the compilation of better audit reports. In addition to this, the management of the audit firm was more focused on the generation of revenue rather than on the quality and independence of their audit work. Another flaw in Arthur Andersen’s governance procedures was the fact that the executives did not manage to control and address the behaviour of internal lawyers and senior audit partners, who showed signs of misconduct and failed to abide by professional and ethical matters. Another mistake that the audit firm made was that when faced with suspicious manoeuvres within some financial statements, no further actions and investigations took place, giving rise to further wrongdoings. Furthermore, some partners of the audit firm were allowed to claim superiority over specialists and auditors, leading to conflicts of interest.
Mac Arthur had an excellent strategy; however, he failed to conduct an analysis to support his results that should include a projection revenue growth for the shareholders. One of the adaptive challenges, was Mitch Rabkin, from BI, BI chiefs and leadership team led and were given positions of authority after the merger. As a result, this the Deaconess chiefs internalized the change, and found it difficult to adjust to the adaptive change. Unfortunately, they felt distrust, hostility in work environment, and the skilled physicians resigned. The merger did include another essential technical element which is a scope of both companied organizational charts.
The reason for the change in auditors is that the predecessor auditor did not have enough resources to audit the company because of the continuous growth of WWW Company. Inventory was the main assets of the company and they needed to get it right. The predecessor auditors had some few concerns and also had few disagreement with the management. The disagreement between the management and the auditors were about how management was not aggressive enough in writing off obsolete inventory. When the auditors decide to write off inventory they had to do research to prove to Williams Jr that it was best for the company to write off.
Plato’s Diner is a family owned and operate business. The owners, Dean and Chris Papas are Greek immigrants and they believed if they worked hard and spend their money wisely they will become successful businessmen. Contrary to their beliefs the case highlights several issues at Plato’s Diner. These challenges derive from lack of strategic planning, management operation, human resources management, marketing strategy and non-compliance of labor laws, and taxes regulations. These challenges pose legal ramifications for their business.
This made them lose resources because they wasted in pursuit of other activities that were not self sustaining. Another failure to provide incentives since the government had ownership over the economic resources it reduced the people incentive for them to maximize the output from the resources. Expect in for aerospace and other science fields were they excelled at. Another issue is they did not create nay new technology, product or any new producing methods which caused little economic growth and very low standards of living. North Korea is the worlds most closed of economy which is why it is causing a lot of economic problems for the citizens and rely on aid to feed its people.
An American Apparel store in Los Angeles had to lay off 500 workers because of the recent city increase to $15 an hour (Sherk). This number is shocking, and American Apparel responded saying, they cannot start pay at $15, instead wages should increase as the amount of sales increases. This makes since, for a company cannot spend money they are not receiving. After extensive research and studies, economists have concluded that for every 10% increase in minimum wage, the country could see a 7% decrease in unemployment (Sherk). This could cost the United States over 7 million jobs.
This is because only a small number of AccountBack’s most successful sales executive with numerous accounts had assistants of their own. This lead to dissatisfaction of Fred Wu, who decided to leave the organisation. Now, it is left to Peterson whether to cave into Wu’s demands or to fire him or to find an alternative solutions
Firstly, Harold had a blurred vision of the overall effect, not a detailed plan which caused the effect of the that no one reorganized his vision and there was a precipitous drop in worker’s morale, understanding, and productivity. Thus, in my opinion, Harold was no effective change agent and social architect, this is because as a change agent Harold was supposed to illicit a transformation. Whereas, Harold could not be an example or be confident in his vision and dismissive with his mission. This was due to the fact that Harold could not influence his workers to follow his method. Of Couse, an ineffective leader only leads to making the employees to feel a instability.
Depending on how people behave and the results or consequences of its acts tell them not to do it again. The actions of other people can affect others, such that action can be considered inappropriate. Opinions are free to say while actions require some regulation. According to Mill Society disapproves an action through "advice, persuasion, instruction and avoidance by other people if thought necessary by them for their own good." There are some conditions in which not all actions that cause damage or harm others are bad, but for example; if a person has a raised at his/her job and success even more than the other coworkers, then there is no right to punish people for the harm caused.
The health or waste of money for the citizens in this case is not important to the owners. The conditions of the factory in The Jungle were horrid. As previously stated, there were leaks in the ceiling, rodents crawling about, no heat in the cold winter of Chicago, and the work was very difficult which even resulted in the death of an old man employed there. (Sinclair). The owners would not have invested in proper working conditions because this would have cost them money.