The Body Shop Essay Example for Free

The Body Shop Essay Introduction The body shop was founded by Dame Anita Roddick in the year 1976. However on July 12, 2006 body shop was delisted from the London stock exchange and is currently being operated under independent management under the L’Oreal group with the able guidance of current CEO Sophie Gassperment. The body shop has been in the personal grooming and toiletries industry since 1976. Over the years the body shop has gained reputation in being one of the leading brands in the industry which not only focusses on an individual well-being but also the well-being of the planet and all associated with the company. The body shop has 2500 stores in over 60 countries Market share and competition The sales estimations of body shop show that a sales transaction is made every 0.4 seconds and has a existing customer base of 77 million up until 2011. The body shop annual sales is 855 million euros and operating profit is 77 million euros with an estimated growth of 13.9% annually. Product description Beer shampoo and conditioner 2in 1 The product contains actual beer which provides shine bounce and volume to the hair. USP’s 2 in 1 shampoo +conditioner Made from 100% natural and organic product Volumizing shampoo Anti-frizz shampoo Moisturizes hair Suitable for all hair types Customer value The product suits all hair types of both men and women providing them with same results of shiny glossy and soft hair. It will enable the customer to not only save time but also save money as they would not have to spend on buying separate bottles of shampoo and conditioner. Target Market

Product costing and cost accumulation in a batch production environment Essay Example for Free

Product costing and cost accumulation in a batch production environment Essay As production takes place, manufacturing costs are tracked in the Work-in-Process Inventory account. Every product is made up of three cost components: direct materials, direct labor, and manufacturing overhead. After products are completed, the corresponding cost leaves the Work-in-Process account and is debited to the Finished-Goods account. (A merchandising firm buys its goods already completed and directly debits the items cost to Merchandise Inventory.) When units are sold, the Finished-Goods Inventory account is credited and Cost of Goods Sold is debited. A product-costing system must be adapted to match the environ ­ment in which it operates. A job-order costing system is used in an industry where products are made individually, or in relatively small batches, and one product or batch is readily distinguishable from the other. Candidates for job-costing systems would be custom homebuilding, custom printing, custom furniture construction, legal cases, medical cases, audits, and research projects. A process-costing system is employed in an environment at the other end of the continuum: the mass production of like units. Users might include manufacturers of chemicals, gasoline, and microchips. This topic is discussed fully in Chapter 4. 4.ACCUMULATING COSTS IN A JOB-ORDER COSTING SYSTEM A job-cost record is used to accumulate the actual direct materials, actual direct labor, and applied manufacturing overhead costs for each job. The recording of costs on this record and in the general ledger is triggered by various source docu ­ments. Material requisition forms authorize the transfer of direct materials from the warehouse to production. In many firms, the requisitions are based on a bill of materials that lists all of the materials (e.g., parts) needed. Supply chain—the flow of all goods, services, and information into and out of the organization. The supply chain often has ramifications for materials, as manufacturers work with vendors to achieve improved delivery schedules and reductions in material cost. Time records are used to gather the amount of direct labor worked on a specific job. Manufacturing overhead is entered on the job-cost record in the form of applied (i.e., estimated) overhead. Source documents, such as invoices for factory insurance and schedules for factory depreciation, trigger a general-ledger entry that debits the Manufacturing Overhead account. 5.OVERHEAD APPLICATION Overhead accounting involves a number of steps. Chapter 3 focuses on the final step: the application of overhead to jobs and products. Although overhead cannot be directly traced to the product, the use of an application rate should allocate an equitable amount of cost to each job (known as overhead application). Step 1: Set a predetermined overhead rate at the beginning of the accounting period. This is done by dividing the periods estimated (budgeted) overhead by the periods estimated number of cost-driver units. Step 2: Use the predetermined overhead rate to apply an equitable portion of overhead to each job. As the actual number of cost-driver units used on a job becomes known, it is multiplied by the predetermined overhead rate. Actual overhead costs incurred during the year are debited to the Manufacturing Overhead control account. In contrast, applied overhead is debited to Work-in-Process Inventory and credited to Manufacturing Overhead. The year-end difference between actual and applied amounts is known as over- or underapplied overhead. This figure is adjusted in the process of closing the Manufacturing Overhead account to zero by either: Charging or crediting the amount to cost of goods sold. This approach is acceptable if the over- or underapplication is small or if most of the products made during the period have been sold. Prorating the amount among work in process, finished goods, and cost of goods sold. Teaching Tip: Emphasize that under- and overapplied overhead is the difference between actual and applied overhead, not actual and budgeted overhead. The budgeted figure is used solely in the determination of the predetermined rate. 6. EXTENDED ILLUSTRATION OF JOB COSTING As noted earlier, the Work-in-Process Inventory account contains charges for direct materials used, direct labor, and applied manufacturing overhead. Period costs are expensed and not charged to Manufacturing Overhead. A sale requires two journal entries: one to record the sales revenue and another to transfer the goods cost from Finished-Goods Inventory to Cost of Goods Sold. Teaching Tip: Although the text illustration appears relatively complicated, it is simply presenting the details that accompany the flow of goods (and costs) from work in process, to finished goods, to cost of goods sold. 7.FINANCIAL SCHEDULES FOR MANAGERS The schedule of cost of goods manufactured details the activity in the Work-in-Process account (beginning balance, direct materials used, direct labor, applied overhead, and ending balance). The schedule of cost of goods sold details the activity in the Finished- Goods Inventory account. It is similar to the cost-of-goods-sold schedule as shown in financial accounting courses for merchandising companies, except the purchases amount is replaced with cost of goods manufactured. 8.FURTHER ASPECTS OF OVERHEAD APPLICATION Actual and normal costing Accountants prefer predetermined application rates, which are used in a normal-costing system. Such rates help to smooth product costs over time and allow users to cost products/jobs upon completion. In contrast, users of actual-costing systems derive an actual overhead rate at the end of the accounting period. Product-cost information to management is therefore delayed. Choosing an appropriate cost driver Direct labor has been a very common and appropriate cost driver. Past processes were labor intensive, and products incurring more labor often produced higher amounts of manufacturing overhead. Today, many processes are automated and less dependent on labor. Thus, firms now use machine hours, process time, throughput (cycle) time (the average amount of time to convert raw materials into finished goods), and other measures as cost drivers. Single vs. multiple overhead rates Companies commonly use multiple (rather than single) application rates. With computerized accounting systems, multiple rates are easily generated, thus lowering the cost of producing highly accurate information. A single overhead rate is commonly known as a plantwide rate; multiple rates are often known as departmental rates. Two-stage cost allocation Stage one: Overhead is first accumulated in production departments. This frequently requires the allocation of service department costs to production departments. Stage two: As a final step, production department costs are assigned to individual jobs and products via overhead application. 9.PROJECT COSTING Project costing refers to job costing in a nonmanufacturing environment. Jobs in this case refer to cases, contracts, and/or programs. Costing involves tracking the direct, easily traceable costs and subdividing them by project. Overhead is then applied by using a predetermined rate, with a possible application base being a projects direct professional labor cost. Technology such as bar coding may be used to track appropriate costs to projects, although this is just one of many possible applications. Service providers, along with manufacturers, are also making use of: Electronic data interchange (EDI), which involves the electronic transfer of information from one organization to another by using a computer-to-computer interface. Extensible markup language (XML), which is web-based and allows users to share structured data such as product order lists and price data. Teaching Overview I begin the topic of job costing by explaining that students should not expect to apply a so-called textbook system to any real-world company, because cost systems must be designed to meet a firms unique needs. However, the two traditional system models, job order and process costing, give users the ability to build-in various modifications for use in actual situations. The major difficulty that students encounter in job costing is the concept of manufacturing overhead. The first area needing clarifica ­tion is terminology, namely: Estimated = budgeted Applied = allocatedIncurred = actual The second area in need of clarification is the sequence of procedures for overhead application: calculating predeter ­mined overhead rates, using the rates, and adjusting the over ­- or underapplied amount. This problem stems from the fact that students are doing textbook assignments where all the information is given simultaneously. Therefore, the question arises, Why use an imperfect predetermined overhead rate when I have all the totally correct, actual data in the next paragraph? It is helpful to be on the lookout for this line of thinking when discussing homework assignments and to remind students how and when information becomes available in the real world. (I suspect this is a problem mainly for under ­graduates with limited work experience.) Based on many years of teaching, I also find that students struggle with the journal entries required to handle a sale. Two entries are needed: one to transfer the cost of units sold from finished goods to cost of goods sold; another is needed to record revenue. Students often forget one or the other or exhibit some creativity, creating a new account entitled Profit on Sale. Be sure to spend a few extra minutes with this issue. After the preceding issues have been handled, students generally are quite interested in job-costing concepts, particularly those who have worked in a family business or who plan to start their own business. Students are also interested in job costing in a service enterprise (discuss something as basic as the activities of a sports agent who represents clients across the country) and the impact of changing manufacturing techniques (such as the acquisition of new, state-of-the-art production technology) on product-costing procedures. I recommend Exercise 3-35 (manufacturing overhead) and Problem 3-46 (job costing and journal entries) as lecture demonstration problems.

Largest Companies Listed On The Bursa Malaysia Commerce Essay

Largest Companies Listed On The Bursa Malaysia Commerce Essay YTL Corporation Berhad is one of the largest companies listed on the Bursa Malaysia, and together with its six listed entities has a combined Market Capitalization of about RM 34.3 million as at 30 September 2010, the company has a total asset of over RM45 billion. The major business carries out by YTL Corporation included power generation, construction contracting, property development, hotel development and management, cement manufacturing, supply of water, treatment and disposal of waste water, and incubating and advisory services for internet businesses. [ Francis Yeoh, YTL Corporation Berhad ] Products and Services YTL Cement Berhad supplies cement products and concrete products, quarry products and provision of related services to the constructions sector. YTL Cement is Malaysias largest producer of ready-mixed concrete, through its subsidiary Buildcon Concrete Sdn Bhd C.I Readymix Sdn Bhd. The company currently operates more than 50 batching plants throughout Peninsular Malaysia. [ Mr. TG TAN, YTL Cement Berhad ] YTL Cement Berhad is also the 2nd largest cement plant in Malaysia, with cement production capacity of 1.2 million tonnes per annum in Pahang; 3.4 million tonnes per annum in Perak; and a Clinker and Blast Furnace Slag Grinding Plants at Westport, Klang, and Pasir Gudang, Johor, each of 500,000 m/t per annum capacity. [ YTL Cement Berhad ] YTL Corporation also have a lots of luxury hotel in different country. Besides, YTL Corporation also carries out property development activities. YTL has built up excellent and high quality of buildings such as condominiums with attractive and inn ovative designs. Channels of distribution This is defined as an intermediate chain; each chain is passed down to the next organizations product, that we finally reach the consumer or end user. This process is known as the distribution chain or channel. Starting from the beginning, the YTL Company has only supplies the cement manufacturing to the entire buyer. When the YTL Company gets the profit back, they have enough capital, and then the company starts to expand their business structure. They start to supply generation, construction contracting, property development, hotel development and management, cement manufacturing, supply of water, treatment and disposal of waste water, and incubating and advisory services for internet businesses. [ Francis Yeoh, YTL Corporation Berhad ] They sell this product to Tenaga National Berhad(TNB), hotel, building industry, hardware store and customer. This can keep their products on the market flow and visibility. Level of Technology Used YTL Cement is the largest ready-mixed concrete company in Malaysia, with over 500 mixers. YTL Cement owns over 70 batching plants and a fleet of 700 cement trucks, operating throughout Malaysia. [ YTL Corporation Berhad ] YTL Corporation undertakes IT and e-commerce technology in their business. Organization Structure YTL Corporation is managed by an experienced Board with a wide and varied range of expertise. This broad full of skills and experience can ensure that the YTL Corporation is under the guidance of an accountable and competent Board. The Directors recognise the key role they play in charting the strategic direction, development and control of the YTL Corp Group and have adopted the six primary responsibilities as listed in the Code, which facilitate the discharge of the Boards stewardship responsibilities. The Board currently has thirteen Directors comprising nine executive members and four non-executive members. The positions of the Executive Chairman and the Managing Director are held by separate members of the Board. The Executive Chairman is primarily responsible for the orderly conduct and working of the Board, while the Managing Director oversees the running of the business day by day, implementation of Board policies and making of operational decisions. The Managing Director and the Executive Directors are accountable to the Board for the profitable operation and development of the YTL Corporation, consistent with the primary aim of enhancing long-term shareholder value. The presence of Independent Non-Executive Directors brings an additional element of balance to the Board and these Independent Non-Executive Directors have the experience to carry sufficient weight in the Boards decisions. The differing roles of Executive and Non-Executive Directors are delineated, both having fiduciary duties towards the shareholders of the company. Executive Directors have a direct responsibility for business operations whereas Non-Executive Directors have the necessary skill and experience to bring an independent judgement to bear on issues of strategy, performance and resources brought before the Board. The Executive Directors are responsible for the YTL Corporation operations and for ensuring that strategies proposed by management are fully discussed and examined, and take account of the long term interests of shareholders, employees, customers, suppliers and the many communities in which the YTL Corporation conducts its business. Mission YTL Company mission is to earn high returns by investing in high growth, knowledge intensive companies that leverage on new technologies and then enhance the value of these investments by using its internal and external resources. It aims to be a provider of smart capital, which includes financial capital as well as real world knowledge capital, to eliminate many of the risks associated with new technology investments, be they technical, financial or operational. [ YTL e-Solutions Berhad ] Strengths The strengths of YTL Company are when at a limited resources period time, YTL Company can supply the amount quantity of products to customer. This is because when that time building start work come together many way and then make the resources lesser, at that time YTL Company got place to store the resources and supply to every customer. Weaknesses The weakness of the YTL Company is divided into many part of enterprise development, so by the controlling maybe have some small mistake. Like when a place for develop, many worker are calling to over time the work and will give extra bonus, but the way is some of the worker want to save more the money send back to their family, so that them eat less of food when the working time, and when got any over time chances them will fight of it. This problem makes them will over stress their body and not enough time for rest and this will cause of any dangerous accident. Innovation The first company to introduce turnkey construction into Malaysia. The first Malaysian company to use non-resource local financing to finance a high-speed rail project. The first Asian company to issue a Zero-Coupon Euro-bond. First Independent Power Producer in Malaysia. The first non-Japanese Asian company to list on the Tokyo Exchange in year 1996. Awards YTL is one of Malaysias best managed companies; YTL Corporation has won numerous awards and come out tops in numerous surveys over the years, including awards form The Far Eastern Economic Review, Asia Week, CIO Asia and many others awards. YTL Corporations most recent accolades came from Finance Asia magazine, when it was highlighted under the categories Most Committed to Corporate Governance. Best Financial Management and Best Managed Company. Planning Planning can best be defined as looking ahead and chalking out future courses of action to be followed. It is a preparatory step. It is a systematic activity which determines when, how and who is going to perform a specific job. Planning is a detailed programme regarding future courses of action. It is rightly said Well plan is half done. Therefore planning takes into consideration available and prospective human and physical resources of the organization so as to get effective coordination, contribution and perfect adjustment. It is the basic management function which includes formulation of one or more detailed plans to achieve optimum balance of needs or demands with the available resources. [ Ads by Google ] Someone has said before, Planning is a mental predisposition to do things in orderly way, to think before acting and to act in the light of facts rather than guesses. Planning is deciding best alternative among others to perform different managerial functions in order to achieve predetermined goals. [ Ads by Google ] Planning is deciding in advance on what to do, how to do and who to do it. Planning bridge covers the gap between where we want to go. It makes possible things occur which would not otherwise occur. In todays highly competitive business environment, budget-oriented planning or forecast-based planning methods are insufficient for a large corporation to survive and prosper. The firm must engage in strategic planning that clearly defines objectives and assesses both the internal and external situation to formulate strategy, implement the strategy, evaluate the progress, and make adjustments where necessary to stay on track. [ Bradford, Robert W., Duncan, Peter J., Tarcy, Brian ] YTL Corporations strategy of offering World Class Products and Services at Competitive Prices extends across the range of its business activities, and is perhaps the single most important factor underpinning its success today in enhancing shareholder value. That is because YTL Corporation using the right way of the strategy planning process. A simplified strategic planning process is shown by the following diagram: This process is most applicable to strategic management at the business unit level of the organization. For large corporations, strategy at the corporate level is most concerned with managing a portfolio of business. For example, corporate level strategy involves decisions about which business units are to grow, resource allocation among the business units, taking advantage of synergies among the business units, and mergers and acquisitions. In the process outlined here, company or firm will be used to denote a single-business firm or a single business unit of a diversified firm. [ NetMBA, Business Knowledge Center ] YTL Corporation follows the step by step then only can reach until now is one of the largest companies listed on the Bursa Malaysia. The company has many assets, for example hotel, resorts, building, and etc. Mission- Companys mission is to reason as a company. The delegation is often manifested in the form of mission statement, convey a sense of mission and project staff clients corporate image. In the strategy formulation process, the mission statement sets the direction of where the company should go. YTLs mission is to earn high returns by investing in high growth, knowledge intensive companies that leverage on new technologies and provide the affordable to become one of the world-class quality products and services. Now our company is following by the mission and almost wants to overstep the mission already. YTL Group Managing Director Tan Sri Dato (Dr) Francis Yeoh Sock Ping said that before. Objectives- Objectives is a specific goal, which the organization seeks to reach, for example, a profit growth target. The goal should be challenging, but achievable. They should also be measurable, so that companies can monitor their progress and make necessary corrections. YTL over the last 15 years already contributed directly to its success in achieving a compounded annual growth rate in Pre-tax profits of 55%. This can shown that the company also done in this part very well and is not every company can done it as well, it because need to put more heart on the company and fight the target only can get it well. Situation Analysis- Once the firm has specified its objectives, it begins with its current situation to devise a strategic plan to reach those objectives. Changes in the external environment often present new opportunities and new ways to reach the objectives. An environmental scan is performed to identify the available opportunities. The firm also must know its own capabilities and limitations in order to select the opportunities that it can pursue with a higher probability of success. The situation analysis therefore involves an analysis of both the external and internal environment. [ NetMBA, Business Knowledge Center ] A situation analysis can generate a large amount of information, much of which is not particularly relevant to strategy formulation. To make the information more manageable, it sometimes is useful to categorize the internal factors of the firm as strengths and weakness, and the external environmental factors as opportunities and threats. [ NetMBA, Business Knowledge Center ] YTL Company aspect the analysis in the industry in which the firm operates or is considering operating. It devised the five forces framework that is use for industry analysis. The five forces include barriers to entry, customers, suppliers, substitute product, and rivalry among competing firm. Strategy Formulation- Once a clear picture of the firm and its environment is in the hand, specific strategic alternatives can be developed. While different firms have different alternatives depending on their situation, there also exist generic strategies that can be applied across a wide range of firm. We identified the cost leadership, differentiation, and focus as the three generic strategies that may be considered when defining strategic alternatives. [ NetMBA, Business Knowledge Center ]We implementing a combination of these strategies for a given product; rather, he argued that only one of the generic strategy alternatives should be pursued. So, the YTL Company got more strong power to build up faster than other company and become a big company. Implementation- The strategy likely will be expressed in high-level conceptual terms and priorities. For effective implementation, it needs to be translated into more detailed policies that can be understood at the functional level of the organization. The expression of the strategy in terms of functional policies also serves to highlight any practical issues that might not have been visible at a higher level. [ NetMBA, Business Knowledge Center ] The strategy of YTL Company is translated into few specific policies for functional areas such as: marketing, research and development, procurement, production, human resources, information systems and etc. Control- Once implemented, the results of the strategy need to be measured an evaluated, with changes made as required to keep the plan on track. Control systems should be developed and implemented to facilitate this monitoring. Standards of performance are set, the actual performance measured, and appropriate action taken to ensure success. [ NetMBA, Business Knowledge Center ] By the way the theory and the YTL Company theory are similar same, step by step from mission until the end of the controlling step. Organizing Organization is one of the management functions, such as planning. It is a function of the synchronization and human, material and financial resources, the combination occurred. All three resources are very important to get results. Therefore, the organization features help to achieve results that are actually important for the operation concerned. According to Chester Barnard, Organizing is a function by which the concern is able to define the role positions, the jobs related and the co- ordination between authority and responsibility. Therefore, managers always want to get organized results. Organizing function has four following steps. First is identification of activities. All activities must be conducted in a question for the first time that. For example, the preparation of the accounts, make sales, record keeping, quality control, inventory control, etc. All these activities are grouped and classified as a unit. Second is departmentally organizing the activities. In this step, managers are trying to bind to the departments and units or similar groups and related activities. This is divided into separate units and department to the entire organization is called departmentation. In the third steps is classifying the authority. Once the departments have made, Managers like the power and scope of the category managers. This gives a kind of management positions in the rank of the level of activity is called. Senior management to policy formulation, the lower the supervision and management of mid-level to the foremans supervision and management. Clarify a problem in the introduction of the power efficiency of the help. This helps in achieving the operating efficiency of a concern. This helps to avoid the time, money, energy waste, to avoid duplication or overlapping of efforts, which helped smooth the introduction of the work concerned. And the last step is co-ordination between authority and responsibility. Relations are based on different groups in order to achieve organizational goals toward smooth interaction. Everyone knows by his authority, he or she know they have to take orders and to whom they must report to them. A clear organizational structure is developed and all staff is made aware of this. When it comes to business leaders, the most important aspect is the management of the organization functions. In fact, the correct implementation of the organizational functions of management can make a business success or failure. Absence of sound system, involving the management of organizational functions, the companies can easily end up belly up and bleeding red. Unfortunately, many business owners do not spend enough time to consider the organizations management functions. In addition, when it comes to business planning and the like, little time is spent on an overview of the organization, taking into account management features. This is crucial, a business management training and well versed in the functions of various organizations. Historically, these types of concepts taught in colleges and universities. However, to a large degree, many universities have abandoned at least to some extent, the training organization like the focus. Management organizations function of the level of many business enterprises. First, the organizations management function addresses the way the person with the organization to interact, who reports to whom, organization charts, lines of authority. All of these are personnel management and organizational functions of management within the organization takes that fall on. Financial planning and budgetary considerations also belong to the organizations general management topics. Managers need the plug and the company employed by them during the budget out familiar. They need to understand the business of spending and budget priorities in order to fully understand how to allocate company resources to ensure the maximum profit at the end. Internet also does provide a number of organizations looking for more management functions, and how it is any enterprises overall business model of an important part of the useful information for anyone interested. Now we talks about the important of organisation. The people who organized organization are much better than the disorganized individuals. The same is true the organized sector or enterprise. Managers who can master this enjoyment of the organization function more smoothly in the management of the term of office location. For example, the construction enterprise organizations must do to ensure the smooth progress of the project a lot. Subcontractors, construction managers and building materials must be received by organizations for each. Scheduling before the arrival of supplies, the development of a carpenter, is counterproductive, and showing a lack of organization. In the current situation, there is a specific order to the project, which is in any other projects the true situation. Manager who has a staff organized to follow it and the organizations and the fight. Managers who take seriously functions of the organization to consistently update their plans will therefore be successful in the workplace. Organizing is always occurs continuously. Organization is most managers daily, weekly, annual task. In todays fast-paced business world, things change rapidly, the change occurred. Managers must remember that it was the composition of the flow, never change. Flexible management the ability to change course and even when necessary to meet customer needs. Change is inevitable. For the frequent changes of business experience, the organization function is essential. Such as adding new jobs or eliminate some of the organizational change process can change the level and structure of the organizations business. By the way, our research of YTL Company has indicates that organization itself consists of three basic building blocks. They are Job Positions, Activities, and Systems. The growth of the organization is how to organize the development and how they relate to people of each of these subunits to form an organic whole understanding. Job Positions The YTL Company divides the job positions into four types, which is Structure, Authority, and Distribution of tasks, Right people and Training. Structure The first thing consider is the structure of jobs in the company is correct for todays business and plans for the tomorrow. Therefore, it is worth doing an analysis of whether the structure and YTL Company contains the right makeup and balance of job positions on it. Authority Second, YTL Company examine whether each job position in the company is matched by a level of authority for the person in that job to carry out the tasks contained within the job. In addition, the person filling the job needs to clearly know whom he or she is to report to. [ Roy Posner, Growth Online ] Distribution of Tasks Third, need to check whether the work tasks are assigned to that position in all right task. Some tasks may not be included in the work, or some tasks may need to be added to the job, or some people may only need to be assigned to another job. Therefore, the contents of each job in the company of the company is also worthy of detailed analysis. Right People, Training Fourth, the job positions in YTL Company are proper allocation, as well as office tasks is to maximize the efficiency of individual positions need filled with the right people, and training to the work of each person. Activities Jobs, activities can be continuously improved throughout the organization as well. Each improvement to an activity releases fresh energy and makes the organization more effective. [ Roy Posner, Growth Online ] YTL this high-tech manufacturing companies are reviewing their product development activities in order to maximize product and service speed to market, and their efficiency and product quality and service. Therefore, thorough analysis activities, while enabling companies to more efficiently and releasing tremendous energy and prosperity. Systems An organization is determined by the degree of productivity and regular physical activity routine systematic, standard operating procedures for the opening. Systemization doesnt just make activities work more efficient; it makes people more relaxed and cheerful at work because the activities almost take care of themselves. In fact, the happiest people are often in companies that have turned most or all activities in the company into corresponding systems. [ Roy Posner, Growth Online ] There are some systems in the YTL Company as computerized bookkeeping, email, sales tracking, sales analysis, manufacturing, credit checking and etc. And then there are the existing systems. YTL Company upgraded the efficiency to the next level. Compare to the theories of YTL, it is almost the same. YTL company manager organize the company organizing structure and the job position of the employees in the company. Besides, the manager also concern about the authority and system in the company. Leading Leading is the topic of motivating employees is extremely important to managers and supervisors. To motivate employees, we must start motivating ourselves first. If you are enthusiastic about your job, it is much easier for others to be too. In addition, if doing to take care of worker and their work well, will have more clearly how other people do is their point of view. You can make their day or break their day. As a manager, you are the most powerful factor in employees motivation and morale. Your impact on employee motivation is immeasurable. By the words, the body language and expression on face, the telegraph opinion of their value of the people employ. You must take the lead first. Use simple powerful motivational words to demonstrate that you value people by saying please and thank you and you are doing a good job you can make their day positive employee motivation and morale. Start the day right. Since, walk tall and confidently. Walk around your workplace and greet people. Share the goods and expectations for the day. Let the employees know that today is going to be a great day. Of start with you, you can make their day. For employee motivation, you must make sure people know what you expect. As a manager, you must have clearly state down the work objectives, members needed, report dear lines and the requirements so that the employees do not received a different manage. Make sure get the feedback from the employees so will know he or she understand what is the need. Share the goals and reasons for doing the task and project. Have a task or project by the middle of change, why change needs to tell people, tell them you know. They want to know when they complete a project, and when you are disappointed in their results. They need as soon as possible after the event this information. They need to work with you to make sure that they produce a positive outcome the next time. Set up a daily or weekly schedule to check and make sure the feedback happens. This is an effective tool in building employee motivation and morale. As a manger you can continue learning and trying out new ideas for employee motivation. Use whatever access you have to education and training. Have an internal trainer or seek classes from an outside consultant, a training company or a university. Most people want to learn and grow their skill at work. No matter what their reasons are: a promotion, different work, a new position or a leadership role employee appreciates your help. Encourage experimentation and taking reasonable risk to develop employee skill. That each persons performance development plan and implementation plan to ensure that you need to help them. Hold regular meeting to share information, gain ideas for improvement and train new policies. Hold focus groups to gather input before implementing policies that affect employees. To effectively lead a work group, department or unit, you must take responsibility for your actions, the actions of the people you lead and the accomplishment of the goals that are yours. [ Sus an M. Heathfield, About.Com ] Show commitment by following through on your promises. To motivate the employees, we start with good people, lay out rules communicate and reward them with good pay and bonuses to those who deserve them. Today, people must understand why they are working hard. Every individual in an organization is motivated by something different from each other. On motivating people, you are got to engage their minds and their hearts. For example, by excitement or by having productive ideas to make others feel involved. Motivation is the art of setting people to do what you want to do because they want to do it. Everybody wants to be somebody. The thing you as a manager have to do is to give them confidence as much as you can. Whether you, you are for personal reasons, but the bottom line is that almost everyone working for the money. Whatever you can it: compensation, salary, houses, benefit or remuneration, money pays by bills. Of provide housing, gives children clothing and food, send them to college and eventually retirement. Therefore, equity interests and pay is the cornerstone of a successful company, the commitment to recruit and retain workers. To attract the best employees, you need to pay more than your average paying counterpart in the market place. Show commitment by following through on your promise. Follow up on mines and review project regularly to make sure you have done all you can keep an eye on projects so that you can head off problems. As a manager, in order for you to motivate your employees you must have positive mental attitude. Condition your mind to reject negative attitude to channel your mental energy. A commitment to positive attitude will bring about that relaxed countenance that many successful leaders exhibit. Show disciplined to your employee by setting a good example. Always arrive early for appointments. This shows that you are disciplined and respect other peoples time. Strength and courage on the face of adversity is a must. Be determined to face it off when facing with any troubles or problems. People will respect you more if you show courage. The leading challenges are to help individuals identify potential area of development and to measure the effectives. It is also ones ability to deal with daily environment demands and pressure and helps predict ones success in life including professional and personal pursuits. It also helps us to understand the connection between emotion and ones abilities to lead. Leaders execute a vision by motivating, umpiring, listening, guiding, and persuading others. The challenges in leading are that we can proactively build up relationship with a wide network of people. To continually articulating our vision and influencing our employees. As a leader, we can umpire ourselves and others and also creating a culture that sustain urgency in making the vision a reality. We can also continually looking for new ideas, developing, motivating, embracing change and welcoming opportunity. Combined with comprehensive pressures and the constant need to adapt and change the demands to strong leadership at every level of an organization one eventual to its strategic alignment, effectives and success. In YTL Corporation, the manager led or motivates their employees in the company to achieve some plan or let their staff perform in certain tasks. Besides, the manager also led to the morale and behavior of the staffs. YTL Corporation aims to make the staffs having a high morale and good efficient while working in the company. So that, the company only can perform well because of the good relationship between subordinates and staff. Other than that, YTL Corporation led the company to achieve their company mission and vision. By facing any challenges and problem, the manager will find a new idea or certain ways to solve the problem or having confidence to fight with the challenges given. Compare to the concepts and theories, YTL company manager concern more about the performance of the employees in the company. Same as the way of leading, the manager led to make the staff be in high morale and good attitude. So, the manager can led their employees to achieve certain objectives in the company. Controlling Finally, we come to the last management process and functions. The final activity manager perform is controlling. Manager should monitor activities to ensure that they are accomplished as planned. After estimating the future conditions and circumstances of his company, making decisions b

The Flea and The Sun Rising Essay -- Literary Analysis, John Donne

The metaphysical era in poetry started in the 17th century when a number of poets extended the content of their poems to a more elaborate one which investigated the principles of nature and thought. John Donne was part of this literary movement and he explored the themes of love, death, and religion to such an extent, that he instilled his own beliefs and theories into his poems. His earlier works, such as The Flea and The Sunne Rising, exhibit his sexist views of women as he wrote more about the physical pleasures of being in a relationship with women. However, John Donne displays maturity and adulthood in his later works, The Canonization and A Valediction: Forbidding Mourning, in which his attitude transcends to a more grown up one. The content of his earlier works focused on pursuing women for his sexual desires, which contrasts heavily with his latter work. John Donne’s desire for physical pleasure subsides and he seeks to gain an emotional bond with women, as expressed in his later poetry. The two poems The Flea and The Sunne Rising capture John Donne’s primary motive to get in bed with women. Donne wrote these poems at an early age, and at that time he was seeking nothing more than a sexual relationship. His poetry depicted clearly how sexist he was at the time and how he used to perceive women as a medium of pleasure. The content of his early poems express an immature and desperate image of Donne, who is dominated by his fixation on the sensuality of women. In The Flea, Donne shows his desperation to have sex by addressing a flea that has sucked the blood of both him and the woman he is persuading. It is quite awkward how the poet uses this obscure image of the flea as a symbol of love and sex to convince the woman that... ...) This is one of the most important claims that Donne makes because he indirectly inducts himself and Anne into the canon of saints, thus making them sacred. The poem ends with Donne calling upon all those who have suffered from similar criticisms; this further dignifies Donne as a saint-like figure. Therefore, both of Donne’s latter poems expose the transformation that Donne acquires when he meets Anne. His sexist attitude and views transcend to a more spiritual and emotional one. John Donne’s early works viewed women as tools for sexual pleasure, as seen in The Flea and The Sunne Rising. He was very sexist and objectified women as sexual beings. However, when he meets Anne, his work becomes more concentrated on the spiritual and emotional aspects of love. He views Anne as an equal and considers his experiences with her to be more romantic in a non-sensual way.

Death as a Theme Our Town :: essays papers

In the play Our Town, the people of Grover’s Corners mask their worries and thoughts about death in their quest for happiness. In the first act, a few deaths occur, and the attitude of the people towards these deaths is a negligent one of briefly acknowledging death and moving on. Also, the children in act two who are faced with adulthood are reluctant to accept the burden, through their hesitance to grow up and approach death. In the third act, when we finally get a clear picture of death, the reader sees that the people who are dead are regretful that their mundane lives were incomplete, not realizing the importance of life until they are dead. This method of living proves unfulfilling, as the dead arduously mourn their trivial lives yearning to have made a difference. The stage manager directs the flow of the play throughout, and his transient attitude towards death reflects Grover’s Corners overall outlook on a life that tries to mentally avoid death. This stance is established primarily by the stage manager in his first act narrative, which hastily describes the fatalities, masking their importance and reality. â€Å"Want to tell you something about that boy Joe Crowell there. Joe was awful bright – graduated from high school here, head of his class. So he got a scholarship to Massachusetts Tech. Graduated head of his class there, too. It was all wrote up in the Boston paper at the time. Goin’ to be a great engineer, Joe was. But the war broke out and he died in France.† This brief account demonstrates the importance placed on a man’s death. The people of Grover’s Corners live in a world where change is frowned upon; consequently, the means of dealing with such a great adjustment as death is to prevent themselves from thinking of it. In the stagnant society of Grover’s corners, death is the ultimate obstacle, and ignorance is the remedy. Another instance where the stage manager subtly demonstrates this practice of evading notions of death is his intervention in scenes that broach the topic. â€Å"Only it seems to me that once in your life before you die you ought to see a country where they don’t talk in English and don’t even want to.† The stage manager enters briskly from the right. He tips his hat to the ladies (P.

Who are the Real Parents? Essay -- science

Who are the Real Parents? Are parents those who give birth to a child or those who care for a child? Does nature or nurture make a woman a mother? As more and more heartbreaking tugs-of-war between biological and adoptive parents surface, anyone searching for a baby has good reason for concern (Casey 119). Baby Jessica was raised from infancy by adoptive parents, Jan and Roberta DeBoer. For two and a half years Jessica was at the heart of one of the most bitter custody battles in America, caught between the parents in Michigan who reared her and the parents in Iowa who gave birth to her and wanted her back (Ingrassia and Springen 60). Cara and Dan Schmidt took screaming baby Jessica from her home in 1993 when they won their court battle to get her back (Casey 119). Baby Jessica is just one of the many victims of child custody battles in America. Jane and John Doe adopted a baby boy, Richard in March of 1991. Richard’s biological mother, Daniela Kirchner, gave up her son while her boyfriend, Otakar, was out of the country visiting his family. He had left Daniela just two weeks before Richard’s birth. Daniela had heard rumors that Otakar had been cheating on her with another woman, in Czechoslovakia, so she decided to lie to him about their baby, Richard. She told Otakar that Richard had died just four days after his birth. In May of 1991 Otakar returned to Chicago and the couple reconciled. Daniela told him about the adoption of their son and how she lied to him about his death. Eighty days after Richard’s birth, Otakar challenged the adoption. He claimed that he had no knowledge of his son until his return to the US and now he wanted his son back desperately (Ingrassia and McCormick 44). The Does met in seventh grade in a suburban Chicago school but didn’t start dating until they were in their early twenties. Married in 1979, Jane, a paralegal, and John and a son. They say that they had not sought to adopt another child but were â€Å"bowled over† by that first call about Richard. Never did they expect that legal briefs and litigation would dominate their lives for the next three years (Alexander 40). After three and a half years of court battle, baby Richard was torn away from his adoptive parents where he had lived since he was four days old and returned to his biological father, who had never seen him before (Terry A1). W... ...sey, Kathryn. â€Å"The Case of Baby Lenore 25 Years Later.† Ladies Home Journal. August 1995: 116-9. Diamant, Anita. â€Å"Is It Safe to Adopt A Child?† McCalls (Jan 1994): 96-99. Rpt. in Family. Vol. 5. Ed. Eleanor Goldstein. Boca Raton, FL: S.I.R.S., Inc., 1994. Art. 22. Hegger, Susan. â€Å"The Trials of Childhood.† St. Louis Post-Dispatch. (Aug 1993): 1B. Rpt. in Family. Vol. 5. Ed. Eleanor Goldstein. Boca Raton, FL: S.I.R.S., Inc., 1993. Art. 17. Ingrassia, Michelle and John McCormick. â€Å"Ordered to Surrender† Newsweek. (Feb 1995):44-45. Rpt. in Family. Vol. 5. Ed. Eleanor Goldstein. Boca Raton, FL: S.I.R.S., Inc., 1995. Art. 41. Ingrassia, Michelle and Karen Springen. â€Å"She’s Not Baby Jessica Anymore.† Newsweek. 21 March 1994: 60-3. McCarty, Kevin. â€Å"Adoption Exchange Association: Statement on the Uniform Adoption Act.† [http://www.webcom.com/kmc/adoption/law/uaa/aca.html]. January 1997. Terry, Don. â€Å"Storm Rages in Chicago Over Revoked Adoption.† New York Times. 15 July 1994: A1:A12. Yack, Wendy and Susan Littwin. â€Å"They Took Away My Baby.† McCalls. (Jan 1994): 96-99. Rpt. in Family. Vol. 5. Ed. Eleanor Goldstein. Boca Raton, FL: S.I.R.S., Inc., 1994. Art. 22.

What Are Some Issues Managers Face When Leading a Diverse Workforce

What are some issues managers face when leading a diverse workforce? How can he/she overcome these issues? Most people, when they think of diversity they will automatically gravitate to the common four, which are race, creed, color and religion. However diversity takes on many different forms such as married or single, parents or single parent, educated or not, or even veteran or never served. So to go beyond the common four one would have to think we are always encountering diversity when we are out in the public.Everyone has the stereotyped stories about walking into 7-11 and finding the persons from India or some form of Muslim background Believe it or not, we face diversity as soon as we go into the public. We run into people from different countries, religions, beliefs and color. So to put that as a topic of a problem, in my opinion, is way over stated. Only ignorance can cause problems when dealing with diversities.I have to believe that we as a country have swung the pendulum too far in the sensitive direction that we make it almost impossible to function. I have to believe that if everyone treats everyone with respect then it’s really not a problem. On that same note; if someone is offended by someone then it’s absolutely up to that person to say something in private to that person and give them the chance to learn that what they have said or done has offended someone else.So managers need to be aware of diversity and also provide some guidance for the ignorant employees that may simply not know any better. So the bottom line, educating your people to be aware that not everyone grows from the same tree or has the same beliefs and I have to believe that it will work itself out. ? University of California, San Fransisco. Guide to Managing Human Resources; Chapter 12: Managing Diversity in the Workplace. http://ucsfhr. ucsf. edu/index. php/pubs/hrguidearticle/chapter-12-managing-diversity-in-the-workplace/