Strong internal controls can also help the organization ensure it serves the public better. The results from the paper have demonstrated that internal controls make a significant contribution to NPO, not only in financial performance but also the financial management processes. But organizations are different and will have varying requirements, so, a best internal control is match each different organization with the objectives and resources. The suitable internal controls will help to make the organization safe and efficiency, thus make the good to the people in whole. References: Chris Jeffrey, “Internal Control at Private Companies and Nonprofits.”, Sep 1, 2008, CPA
Others should not judge employees based on their physical appearance because it has no relation with how well they can perform their job. Furthermore, tattoos have no effect on how well people perform their job because people with and without tattoos can both complete the job as well as the other. There is no law that states people with tattoos cannot be hired. Thus, employees should be allowed to show their tattoos in the
Firstly, commercialization may bring a sustainable financial income to maintain their social work and organization management through businesses. They are able to get rid of the financial control from donors and become self -reliant. ‘Empowerment’ and ‘self-reliance’, the two notions that most of the past and current NGOs refer to, are more likely to be achieved through commercialization. Donors usually invest in NGOs and projects that will fulfill their requirement and receive what they expect in return (Speckbacher 2003: 275). On this occasion, NGOs may have to adjust their organization projects to meet donors’ requirement in order to get financial support.
Regional divisions use to the local market better, so some of the operation decision such as marketing campaign or sales service can be made by the regional divisions. (Dyer & Gregersen,2016) Furthermore, Tesla need to control every steps in the product chain by central headquarter to reduce the cost and have better management on the product deliver, so that Tesla can have more efficiency performance to meet the market needs. (Dyer &
Their goals are to make the budget objectives and to keep their post. Owners: who have to be able to provide the resources to set up the strategy, they are on the back office but are important decision-makers. They are involved in optimising the company’s profit. Investors: they provide money to help the company to get enough resources to set up the strategy. They are involved to maximise their
Privatization is the process of reassigning ownership rights of a firm or possessions from the public or government to a private individual. Privatization has its merits and demerits. The merits are important to the stakeholders while the demerits work against the public who in a way are denied their basic services or more so charged a higher fee for which they could have covered with their taxes. Privatization of the police has two sides of benefits to the public, the citizens and the government. Considering the benefits, it is good to start with the public, which is more affected by the works of the police.
To set up a competitive advantage and enhance productivity, associations must see their clients, as well as, their opposition. It is noted that porters five forces analysis turned into an important part in any official’s business toolbox. The model gives direction to help structure key choice listing to make deciding industry engaging quality elements adding to the force of focused competition, the threat of new entrants and substitute commodities, and the bargaining power of customers and suppliers. Furthermore, depending upon a combination of these forces, approaches could be determined whether to enter an industry new to the association or to appropriate forces contributing to low business attractiveness (Fyall & Garrod, 2005). It seems porter 's five forces model depends intensely on building up the attractiveness of an industry.
As its pros, it assists the company in selecting a practically competitive candidate. It can save the cost for the company in training the newly employed candidates because it only selects the well practically qualified candidates for the next selection process. It can search for the candidate globally (i.e. through internet it can look for the big pool of candidates). As the cons of using virtual assessment for the employee selection, this may select the candidate whose attitude and behavior doesn 't fit with the company.
It notes that stiff competition can reduce the potential profit of like companies. Firms must determine the strategy that will be utilized to gain and maintain the upper hand in the industry, as it relates to price, marketing, competition and the introduction of new and innovative products into the market. The more a company senses competition the intensity of its strategy may increase as it does not only respond to other firms, but also to the industry as a whole. It is natural for firms to respond to competitive moves made by its rival as it will have an effect albeit positive or negative on the industry. Firms may be forced to supply the demands for cheaper but more reliable products or to create differentiated products to maintain the competitive
In other words, it is essential for corporations to divide and differentiate their customers into smaller groups according to their purchase criteria, common features, needs, desires, etc., so as to ensure that they will be competitive and profitable by building products and providing services that sell and satisfy their potential consumers. As Henry Claycamp states in his book ‘’A Theory of Market Segmentation’’, one of the most considerable and crucial developments in marketing is the fact that nowadays, companies give special importance to market segmentation strategies (p.388). Additionally, by conducting successful customer segmentation, a company may gain multiple benefits. First of all, companies have more probabilities to ensure future growths and be able to launch new products. Furthermore, by segmenting their customers they will gain a competitive market advantage and will be able to raise their market share and consequently earn more profits, fact which will also be translated by raising the percentage of loyal customers (Foundation of Marketing,
The Department of Commerce studies how these tax dollars are used, and makes suggestions to the Executive Branch on how to spend their tax dollars to better benefit the country. In addition, the department takes steps to boost competition in the economy. As Herbert Hoover once said, “Competition is not only the basis of protection to the consumer, but is the incentive to progress.” To boost competition, the department works directly with businesses and universities to aid in development. Without competition in the market, if one company controlled everything, they could set prices at whatever they choose, which would greatly hinder the economy. As a result of better spending tax dollars and improving economic competition, the entire country