Education Philosophy Essay -- Teaching Education Careers Essays

Educational Philosophy I have an eclectic philosophy of education that I derived from a wide range of pre-existing philosophies. I identify most with the philosophies of essentialism and perennialism. In my opinion, students should have a strong foundation in the core curriculum areas of English, Mathematics, Social Studies, and Science. After all, house built on a weak foundation will not stand. I also prefer the perennialist’s approach of studying the classics like Homer, Shakespeare, Milton etc. Everything in the present is a product of the past, for this reason I feel like the great works of the past still have relevance today. I first realized that I had a desire to become a teacher when I moved to North Carolina for my senior year of high school. I absolutely hated school there; the only thing that kept me coming to school was Mr. Schaffer’s Psychology class. I bonded with him at the very beginning of the school year. He always gave me encouragement and often told me that he could see potential in me. He taught me about the low percentile of male teachers in the early grades and the rising tide of single parent families. Mr. Schaffer inspired me to go into early education (K-6) so I could become a positive role model for the Students. He also taught me that it’s important to never pigeon hole a student and to never give up on any student. My classroom will have the look and feel of a progressive classroom. However, it will function like an essentialist classroom. I feel like the seating design of rows is old, outdated and un-stimulating. I want the seating to be in clusters made up of four desks put together. I learned this method from my cooperating observation teacher. There are ma... ...nt that we work with reform and not against it. As an educator, I plan to be a continuous learner. As of now I am very optimistic about my professional development plans. I can never be educated enough. I am a person who is on a quest for knowledge. After finishing my bachelor’s degree I definitely want to pursue a master’s degree. At some point in the future I would like to receive national certification. I strive for perfection and even though it may be impossible to reach I can improve and move closer to fulfilling my goals. I will never stop developing professionally. I plan to do anything and everything to make myself a more educated person. After I retire from the teaching profession I plan to start a career of politics. I will start by running for the board of education. Hopefully, as a politician I can have a positive impact on education.

Global Marketing Leadership Essay

Global marketing leadership and ethical issues have become a more frequent occurrence give the increased business participation the ever growing global economy. Even though some people think that culture is fragile and when compromised will cease to exist, marketing can be both the preserving measure of a culture or its compromising factor. Marketing of products stems from a more economically developed and open market societies such as countries like: The United States, Europe, and Australia to name a few. The marketing ethics and leadership dilemma begins with how to translate an open market to economical underdeveloped countries and how to market with cultural sensitivity without losing the ethical integrity of what the business stands for and actually engages in. The question to be posed and answered by the ethical leadership and marketing of globally participator businesses is if cultural sensitivity the driving force behind the study of global ethics and leadership or is this just as adaptable as the open market for business is today? With increased globalization come increased cross-cultural ethics issues. Modern marketing is viewed as that compromising factor that westernizes cultures globally, however, advances cultures as well. The focus of ethical marketing is how to respect the cultural practices and views of ethics and market a business product effectively. Cultural divides should not create a dilemma in the globalized economy; however, the sensitivity to cultural ethics should warrant a business to have integrity and pride in their products while adhering to often hard to adapt cultural ethical views. Culturally we are different and should be respected however; cultural differences should be celebrated and adapted too in order to really see a unified global marketing perspective. Another question to be answered by ethical marketing should be how does a business effectively differentiate and anticipate the ethical and the cultural sensitivities from country to country they wish to secure a market share in? Cultural Marketing Sensitivities As businesses enter and seek to sustain their market positions in the ever growing global market, the tactics of marketing used must be adapted to been seen as ethical to the cultures presented but not so adapted that the integrity of the business is lost. To achieve this balance Aristotle’s mean doctrine focuses on the â€Å"moral virtues† that are identified as the middle ground between selfish motive and an indifferent motive. The moral and ethical differences also need to be addressed as the act of engaging in marketing for a business is to satisfy, anticipate and identify customer product requirements profitably (Carrigan et. l. , 2005). A goal of marketing is to identify consumer requirements of a product as their largest vote globally is the dollars in which they use to purchase various products. Globally, standards vary and must be addressed through the interface of marketing ethics that joins the buyer preferences with overall company profitability aspirations on the demand of their products and services. The culture of a country plays a large role in the way the members of that society relate ethics in marketing and the socialization of what is viewed as acceptable behaviors (Pires et. al. , 2002 ). To better understand Pires et. al. (2002) continues to explain that ethics is a compromised set of four classical philosophical questions that relate to the phenomenon of global marketing ethics: (1) what is the first principle of things? (Metaphysics), (2) what is true? (Epistemology), (3) what is beautiful (Aesthetics), and (4) how to persuade or influence others? (Rhetoric) (Pires et. al. , 2002) All four of these questions lend themselves to the understanding of the urgency of fundamental understanding of how ethics, leadership, marketing and the global markets relate to each other. Ethics of Marketing Metaphysics: What is the first principle of things? Metaphysics as a constructed by Kant as metaphysics of morals is an ethical point of view of morality in reference to self-interest over community as applied to the ethical dilemma of globalized marketing. Kant (1788) metaphysics view on ethics and morality utilized a utilitarian theory and focused on the duties of the business not being associated with complete self-interest (Carrigan et. al. , 2005, p. 481). Metaphysical morality when applied to global marketing directs businesses to seek to satisfy objectives other than business interest. Kant’s study continues to reveal that businesses have a duty to satisfy and deliver benefits through ethical marketing strategies sensitive to the cultures they are trying to influence (Carrigan et. al. , 2005, p. 481). The pay-off and ultimate moral imperative for a business is securing the sale of the items marketed globally. The businesses’ utilization of Kant’s metaphysical morality can lead to ncreased market presence as the business appears ethical to the global consumer. The first principle of global marketing is to appear acceptable in behavior, ethical and culturally sensitive during the marketing process. While appearing ethical in marketing, businesses must also adhere to varying truth standards for each global market the business enters. Epistemology: What is true? Epistemology as a marketing ethics and leadership compo nent is demonstrated in the study of knowledge and justified beliefs (Carrigan et. al. , 2005). Marketing on a global scale must make normative moral decisions when presenting the business version of the truth within its adverting. Product safety and the correlated marketing global advertisements must be presented in a non-controversial way and with sensitivity towards the ethical boundaries of the global markets. Western ethics vary defiantly and operating globally will involve a quest through epistemological â€Å"objective† reality (Pires et. al. , 2002, p. 111). The introduction of an objective reality is in stark contrast to the Japanese culture fueled by tradition that is not as flexible to outside influence. The United States has the ability to find truth for many small and integrated cultural groups while justifying the objective reality as a normative moral marketing tactic acceptable within the United States culture. In contrast to Japan that is rooted is aesthetics and normative moral conduct based around what is considered respectable. The cultural views of beauty can often be taboo in cross-cultural marketing and businesses are charged with presenting a beautiful, ethical and aesthetically acceptable by each global market’s standards. Aesthetics: What is beautiful? Beauty ethics in marketing is as very important as it translates desirability of the product and sells the benefits of a product through visual artistry. An example of the aesthetic marketing manipulation power as explained by Carrigan et. al. (2005) is: in order to market and develop a market for tobacco products, tobacco companies were distributing promotional cigarettes to anyone in Taiwan despite of age or gender by beautiful young girls creating a luring effect on the culture (Carrigan et. l. , 2005). The use of aesthetically pleasing young girls can be seen as an unethical way to promote a health harming product, especially without requirements of age. Marketing within western culture is considered ethical and within cultural boundaries as the marketing use of young beautiful girls is common place and accepted as normal behavior. Nudity is common in Western culture as we celebrate beauty and stardom, which is not, accepted everywhere as close as J apan. A culture bathed in tradition, nudity is not acceptable behavior and in reference to marketing ethics would be considered unethical and in poor taste. Kant explained aesthetics as an appreciation in terms of delight or aversion of an object or person; delight being known as beautiful (Dobson, 2010). The aesthetic ethics is not utilitarian, however does create a corporate aesthetic style (Dobson, 2010). The consumer is the most foundational relationship the business desires to build as the marketing campaigns demonstrate an overall business and product aesthetic. Beauty creates a visual representation of the marketing campaign; however the rhetoric of the marketing tends to be what sticks with the desired audience. Rhetoric: How to persuade or influence others? Rhetoric ethics is a utilitarian ethical theory that reviews the power of influencing others. Culturally, international marketers are in control of a majority of the marketing mix allowing them the potential to shape political power, changing social structures, and influencing economic development (Dobson, 2010). The utility of participating in a globalized marketing campaign has to produce benefits that outweigh the cost to comply with cultural difference in ethics and leadership. Persuasion and agreement has to be forthcoming and evaluated on the basis of societal cost if safety concerns or recalls surface for the products being marketed. Given the power to persuade, companies should never try to justify any actions to the consumer that hurt or harm them, however the marketing company should strive to maintain a high set of ethical standards within the rhetoric of their marketing (Dobson, 2010). Ethical marketing and global leadership relies on firms accepting global responsibility for the claims made in advertising to spark consumer interest and ultimately their commitment to patron the business. Conclusion In a global marketing scenario the utilitarianism view would be comfortable in reviewing and weighing the cost of a possibly culturally insensitive and unethical marketing campaign if it secured sales and interest for a business. Marketing serves society’s needs without ethical strings or boundaries as explained by Carrigan et. al. (2005) referencing the explanation given by Fineman. Within multi-national companies that participate globally, there is Fineman, as quoted by Carrigan et. al. (2005) details how apart from the lapses with gun marketing, pornography, Breadshaw and Palfreman presented marketing as a neutral system or tools of management that serve the market with good (Carrigan et. al. , 2005, p. 83). Culturally, the globalization of the market has empowered leaders to seek an ethical foundation that is uniform when engaging in promoting their business. The ethical dilemma enters when cultures vary so significantly that the definitions of acceptable behavior are polar opposites. Dunfee et. al (1999) posed the research thesis of finding a normative moral foundation for marketing that provides a framework of resolve for the ethical issues that arise in global marketing. The commonality of Kantian, virtue, rights, justice utilitarianism and social contract theories of global marketing is the perspective of impartiality and marketing morality. Moving forward as the global economy continues to grow, the overall ethical fibers of the marketing profession will need to adapt with the ever changing cultures of the world. As the consumer’s taste change, so will the marketing ethics and leadership strategies in order to remain effective and acceptable culturally.

Ethical Dilemma Essay - 2127 Words

Ethical dilemma 2 Abstract Ethical dilemmas are prevalent in all areas of life. In each helping profession, ethical guidelines and codes require that professionals act morally and in the best interest of the client. As a prospective counseling psychologist, I would need keen judgment to recognize and professional skills to handle an ethical dilemma. This paper details my personal experience of an ethical dilemma while working as a case manger. My objective is to identify the setting of the ethical dilemma, the ethical principles that apply to the dilemma, and how the dilemma was and should have been handled. Ethical dilemma 3 Personal Report of an Ethical Dilemma In the position of case manager, I faced ethical†¦show more content†¦The Policy manual directs company employees to present complicated situations to the employee’s supervisor either during weekly group staffing or during private consultation. I decided not to bring this ethical situation to our company’s weekly staffing or to consult my supervisor about the situation, because I rationalized it was a trivial matter and that my colleagues had other pressing matters to discuss. If case manger ever had a complex situation as this it was to be reported to the immediate supervisor. If I reported this matter to my supervisor, I knew he would refer him to another case manager. I did not want to do this because he was one of the few clients whom I could consistently rely on to be at home during scheduled home visits. Even though I was neither a psychologist nor a counselor at the time that this dilemma occurred, I will present the codes and principles that apply to me as a prospective Counseling Psychologist to this situation. There was an opportunity for a multiple relationship to develop. American Psychologist Association’s Ethical Principle 1.1 7a discourages psychologist from multiple relationships due to the fact negative outcomes may result impairing the professional’s judgment and his/her ability to function competently (Welfel, 2002). Even though the MA principles do not specificallyShow MoreRelatedEthical Dilemmas Of The Workplace1538 Words   |  7 Pages1. Discuss an ethical dilemma that you have had to face in the workplace. Ethical dilemmas often occur when a manager or an employee is faced with two or more conflicting choices. Give as many facts and details as possible in describing your dilemma. The most difficult ethical dilemma I have dealt with was a summer job I had this past summer, while I was working for a bakery in my hometown. This past particular summer really tested what I believe is right and wrong and how to speak up. One of myRead MoreEthical Dilemmas Of The Workplace1291 Words   |  6 PagesEthical Dilemmas in the Workplace As a manager, you are the role model for staff. You set the standards, adhere to guidelines, and exemplify what you expect staff to model. By doing so, you are establishing and sustaining an organizational culture of ethics and integrity, which is the backbone of all successful endeavors. However, even the best structured organizations face ethical dilemmas in the workplace. It is how management recognizes and addresses these occurrences that will either set themRead MoreEthical Dilemma Assignment1766 Words   |  8 PagesCONSENT FORM Thank you for being willing to take part in this interview exploring ethical conflict or turbulence. I would like to transcribe the content of this interview to form a written document to be submitted to Sheffield Hallam University as a piece of assessed piece of coursework. It is important that you only take part in this interview if you want to. As such I would be delighted if you would complete and sign this confidentiality questionnaire prior to the interview taking place. (i)Read MoreCase Analysis : Ethical Dilemma1318 Words   |  6 PagesTitle of Paper: Ethical Dilemma One INTRODUCTION Mrs. Smith, is an 81-year-old widow. She has been widowed for over twenty years. She has been very independent with some assistance from neighbors due to her son living out of the area and unable to assist. Recently, she has had issues with her independence. She has set two accidental fires that caused damages to her apartment, as well as had a recent fall in the bathtub. These issues have gained her son’s attention which has led him to requestRead MoreEthical Dilemma at Workplace Essay1192 Words   |  5 Pagesï » ¿Introduction – What is an ethical dilemma? Ethics is the term we give to our concern for good behavior.   It is human nature to not only be concerned with our own personal well being, but also that of others and of human society as a whole.   The difference between moral dilemmas and ethical ones, philosophers say, is that in moral issues the choice is between right and wrong.   In ethical ones, the choice is between two rights. Everyday Im faced with decisions of right and wrong, most of whichRead Moret Types of ethical dilemmas Mastery67Questions123Materials Essay2477 Words   |  10 PagesTypes of ethical dilemmas Mastery 67% Questions 1 2 3 Materials on the concept: Typical Moral Dilemmas Confronting Business Communicators Ethics and Law for Management Communication Top of Form 1. As part of an effort to hire younger workers, a multinational organization assures applicants that they will get to visit its offices in other countries and work with the employees there. However, only two out of every nine workers actually get selected for such projects. What moral dilemma best fitsRead MoreEthical Dilemma Case Study842 Words   |  4 PagesAn ethical dilemma is a situation by which its difficult to determine whether a situation is can be handled without disappointing both sides. Therefore, an ethical dilemma exists when the right thing to do is clear or when members of the healthcare team cannot agree on the right thing to do. Ethical dilemmas require negotiation of different points of view (potter, Perry, Stockert, Hall 2011pg 78). The case study briefly explains a situation between daughter and father regarding the fathersRead MoreThe Ethical Dilemmas of Collecting Data and the Consequential Revision of Commodities, Culture and the Politics of Representations Definitions 1751 Words   |  7 Pagesinformation or data has become assets to companies, being regarded as property to be bought and sold to between companies. However, this has put forward the following primary ethical dilemmas surrounding human rights: the right to informed consent and the right to personal data. In addition to the creation of ethical dilemmas, the collection of human data has brought about a need for a revision of definitions. Commodities are known as a raw material or primary agricultural product that can be boughtRead MoreVices and Virtues: Ethical Dilemmas of a Fading Man Essay1932 Words   |  8 PagesVices Virtues: Ethical Dilemmas of a Fading Man When Sidney Stewart was freed in Manchuria in 1945 after 3 years of imprisonment by the Japanese, the 6’3 American weighed 65 pounds (Goldstein). Stewart was an Army private stationed in Manila in 1942 when they were overpowered by the Japanese. The 21 year-old wasn’t the killing type of soldier. Of course he killed when required, but he wasn’t murderous. He’d been sent to Luzon on the Bataan peninsula after the Japanese invasion and was soonRead MoreNursing Leaders Are Struggling Ethical Dilemmas1263 Words   |  6 Pagesstruggling in ethical dilemmas daily. Ethical dilemma is one of the issue/challenge to the nursing leader. Ethical dilemmas occur when nursing personal values and beliefs conflict with some aspect of nursing care. The struggle is to provide the best nursing care despite of the nurses’ feelings. For example: RN/ nursing leader in residential home has always dilemmas while restraining the patient. sometime patient become so aggr essive that they can harm other people and worker. The dilemma in this situation

Promoting and Protecting Minority Rights Essay - 2310 Words

The founding fathers of the United States Constitution suspected that through democracy, a government ruled by the majority, the majority could easily become tyrannical in its usage of unrestricted power. That is, in denying or denoting the rights of certain minority groups. These fathers included Thomas Jefferson who stated in his 1801 Inaugural Address for President of the United States, â€Å"All, too, will bear in mind this sacred principle, that though the will of the majority is in all cases to prevail, that will to be rightful must be reasonable; that the minority possess their equal rights, which equal law must protect, and to violate would be oppression.† Despite the possibility of defying majority rule resulting in some†¦show more content†¦Since, Afro-Cubans are unable to voice their discontent of which could lead to a positive change for the group, individual Afro-Cubans continue to be deprived of rights. If that minority group is not granted protection of rights, there remains little reason to grant protection of rights to other minority groups. The founders of the United States despite disagreeing on many other things, did find similar ground in balancing minority rights with majority rule. While on one hand, it seemed reasonable to allow the majority to choose policy, on the other it seemed clear a majority could just as easily abuse a minority as a king could abuse his people if left completely unrestricted. Thomas Jefferson, in his own words stated In Republics, the great danger is, that the majority may not sufficiently respect the rights of the minority.† If the federal government did not take strides to protect the minority through the Bill of Rights, and other equally or more sufficient forms, the majority could easily oppress the minority. The history of African-Americans is probably the best example of what occurs when the government doesn’t protect minority rights. One of the distinct phenomenons in government that has occurred within African-American history regarding the minority group’s rights is the institution of slavery. In the beginning of theShow MoreRelatedGlobalization And Its Effects On Culture1087 Words   |  5 PagesGlobalization is commonly examined by simply dissecting its political and economic consequences. As a result, the effects on culture are often overlooked. According to U.S. Census projections, by 2043 non-Hispanic whites will become a minority consisting of 47 percent of the U.S. population (Barreto, et al 1). Examining the world as a whole, a 2015 study by the United Nations Department of Economic and Social Affairs/Population Division found that between 1950-2000, an average of 2.8 million peopleRead MoreProtecting The Rights Of Minority Groups1538 Words   |  7 Pagesto find a balance between the preservation of liberty rights, and protecting human rights and promoting equality. As a liberal society, we must protect the liberty right to freedom of expression; however, being a liberal society also means that there ought to be a responsibility to protect vulnerable minorities from being harmed by hate speech. As a result of competing rights, the state often faces the difficult task of determining when one right trumps the other. In this essay, I will discuss andRead MoreCommunication Is Most Vital For The Health Status Of Public855 Words   |  4 PagesCommunication is most crucial in promoting and protecting the health status of people. Also, it has a crucial role in providing culturally competent care to the people of various ethnic and racial minorities. Without communication it is not only impossible to assess, diagnose, provide health services and education to the consumers but also difficult to utilize the evidence- based research into practice, which has negative effects on the health status of public. Speaker note: diversity of populationRead MorePresident Johnson s Vision Of Creating A Great Society1248 Words   |  5 Pagesstimulate growth of minority-owned businesses have existed in the United States since the late 1960s. President Johnson’s vision of creating a â€Å"Great Society† led to a host of endeavors that sought to change the political, social and economic landscape of the U.S. In his 1965 commencement address to graduates of Howard University, LBJ gave voice to his vision, declaring, â€Å"We seek not just freedom but opportunity. We seek not just legal equity but human ability, not just equality as a right and a theoryRead MoreWhat Are Human Rights And From Where Do They Originate?1400 Words   |  6 PagesWhat are human rights and from where do they originate? According to Campbell, MacKinnon Stevens (2010), there are two prominent schools of thought with regards to human rights, natural law and positivism. Natural law is grounded in religion and morality, based on God, and contends that individuals know the difference between what is right and what is wrong (Cummings, et al., 2010). Proponents of natural law believe that every individual is born with human rights and that states can only enactRead MoreThe United States Should Promote Democracy998 Words   |  4 Pagesought to promote democracy in the Middle East Democracy is a system of government by the whole population or all the eligible members of a state, and is one with representative institutions and a rule of law. Observation 1: when we talk about promoting democracy, there are many ways to carry out this promotion. The United States is not obligated to take one course of action. Rather, the US can alter and adjust its approach to what is most suitable for that situation. Different tools might be appropriateRead More Amendments to the Constitution Essay1290 Words   |  6 Pagescountry was being molded and formed into a great nation by the founding fathers. Expectations and rules had to be set to protect the rights of the minorities and majorities. Amendments to the Constitution were written to ensure equality for all in changing times. The First Amendment is one of the most recognized rights in the Bill of Rights. It is a basic right that seems to help define each person as an individual yet as part of an association. The amendment states that â€Å"Congress shall makeRead MoreBusiness And Human Rights : The Evolving International Agenda By John Gerard Ruggie1504 Words   |  7 PagesBusiness and Human Rights: The Evolving International Agenda by John Gerard Ruggie Summary and background This paper analyzes the development of human rights and business in an international view, states the factual issues, and provides strategies to improve the existing realities. The article explains the conceptual challenges to let readers know the basic foundation of international human rights, such as globalization, global value chains, transnational corporate networks, duties and rights. ImportantRead MoreMinority And Majority Rights : Canada1389 Words   |  6 Pages Minority and Majority Rights in Canada Olivia Gomes CLU 4U1 Mr. McCormick Tuesday, November 11, 2014 In recent decades of Canadian history, Canada’s social and political change has rapidly formed visible minority and majority groups- Canada has had formally entrenched a constitution, withstood two attempts by the Quebec’s provincial government to secede from the federation, and undertaken a radical shift in immigration policy that tripled the visible minority population. These changesRead MoreMulticulturalism Is An Essential Symbol Of The Canadian Heritage And Identity Essay1106 Words   |  5 PagesPromoting Multiculturalism: As it is considered that Canada’s officials policy of multiculturalism inspires a diversity of religions as part of the diversity of cultures. The multiculturalism Act 1988 proclaims that â€Å"Multiculturalism is an essential symbol of the Canadian heritage and identity.† The government and the public school system always give effort to promote the sense of multiculturalism. The ideals of the multiculturalism are helping the minorities to breathe their faiths and beliefs

Comparison of Aspe for Ifrs - 3356 Words

Accounting Standards in Transition | A Comparison of IFRS and ASPE in Canada | | | | TABLE OF CONTENTS Executive Summary III Part I Key Differences between IFRS and ASPE 1 I. Frameworks for Financial Reporting 1 II. Form and Components of the Required Financial Statements 1 III. Revenues and Expenses Recognition 2 IV. Errors, Changes in Estimates, and Changes in Accounting Policies 2 V. Cash and Receivables 3 VI. Inventories 3 VII. Financial Assets 3 VIII. Property, Plant, and Equipment 4 IX. Intangible Assets, Goodwill, Mineral Resources, and Agriculture 4 X. Applications of Fair Value: Revaluations, Impairments, and Non-current Assets Held for Sale 4 XI. Current Liabilities 5 XII. Contingencies†¦show more content†¦In summary, IFRS is more restrictive of assets than ASPE and more encompassing of liabilities than ASPE. It results in the equity section under IFRS being reported more conservatively than under ASPE (CICA, 2011, Section 1000). III. Revenues and Expenses Recognition The key difference of revenues and expenses recognition is obvious. According to IFRS, the income statement records the increasing of future economic benefit as revenues, such as sales, interests, dividends, and rents, and the recognition of revenues and expenses are combined directly in the same transaction (Matching principle). But ASPE standards state that the income statement only records the existing or realizing performance as revenues. Same situation in the expenses, in IFRS’s income statement, they are recognized by a decrease in the asset or an increase in the liability for future position. In addition, under ASPE, we do not recognize an expense as a provision unless the benefit does qualifies as an asset (CICA, 2011, Section 1000). IV. Errors, Changes in Estimates, and Changes in Accounting Policies Under IFRS, a full retrospective restatement is required to correct the prior period error, unless it is impracticable to determine the period-specific effects. For ASPE, a private enterprise is allowed to make the correction on the error on each specific prior period. Under IFRS, the recognition of changes in accounting estimates affects the future period. If theShow MoreRelatedSolving The Financial Issues Of Watering Can Inc. Essay2597 Words   |  11 PagesBank is the secondary user of Watering Can Inc.’s financial statement, as they are getting lots of interest out of the WCI’s net income. Satisfying the Small Bank is more important goal to satisfying Jack, as it is more stable source of loan in comparison to Jack, who can always take away the loan at any time. The objective of the Small Bank through financial statement is to see the maximized net income, which is opposed to the objective of the primary user, the Parkers. Me, as a CPA cannot satisfyRead MoreCma Mock Exam Solution19872 Words   |  80 PagesROI of 14.0%. Certified Management Accountants of Ontario Page 33 (60 pages) Fall 2011 – Mock Entrance Examination 1 64. Answer: a Residual income (RI) is an absolute measure (i.e. dollars) which makes it difficult to make direct comparisons across divisions because the level of investment of the various divisions may differ. ROI is a percentage, which is a common statistic used for comparative purposes. Distractors: b) Both ROI and RI consider both profits and investments. c) BothRead MoreTopic: Performance Management6978 Words   |  28 Pagesstatement to determine cash needs; 6. Looking at different short-term investment strategies as a means to effectively utilize excess cash; 7. Examining the effectiveness of internal control systems within an organization; 8. Reporting results using IFRS, ASPE or a disclosed basis of accounting; and 9. Analyzing a company’s various product lines. Management accountants are often called upon to provide the analysis required for pricing decisions, such as cost-volume-profit, product costing, expectedRead MoreFriedlan 4e Accounting Chapter 3 Solution28374 Words   |  114 Pageshave on deposit. Q3-18. An executory contract is an exchange of promises where one party promises to supply goods or services and the other party promises to pay for them, but neither side has yet fulfilled its side of the bargain. Under IFRS (and ASPE) these arrangements are not usually recorded in the accounting system. Q3-19. The things that must be known are: 1. Which elements of the accounting equation are affected? 2. Which specific asset, liability, owners’ equity, revenue, and

Bp Case Free Essays

1. The aspects of BP’s ethical culture that could have contributed to the Gulf Coast oil spill disaster include: * The company tried to assure concerned stakeholders that it took environmental concerns seriously, but BP’s actions have not always concided with its words. BP has engaged in numerous instances of questionable behavior including fraud, environmental, and ethical transgressions clearly demonstrate that the company has a history of disregarding the well-being of stakeholders. We will write a custom essay sample on Bp Case or any similar topic only for you Order Now The company has claimed to be an ethical company, concerned with stakeholder well-being, but its many violations tell a different story. * BP’s code of conduct was not sufficient to prevent a man made environmental disaster on an unprecedented scale. Apparently, BP’s code did not effectively address specific high risk activities within the scope of daily operations. * An investigation implies that BP cut short procedures and quality testing of the pipe (tests that are meant to detect has in the well). Also, BP used a less costly well design that some investigators deemed â€Å"risky†. Installation of this design is easier and costs are lower. Although, BP didn’t break any laws by using this design, they ignored safer alternatives (to save money) that might have prevented, or at least hindered, the accident. * BP admitted that they had ignored several procedures required by the Clean Air Act for ensuring mechanical integrity and a safe startup between 1999 until the explosion in 2005 that killed 15 employees and injured another 170 people. The explosion was the result of a leak of hydrocarbon liquid, and vapor. Another leak that happened in 2006 occurred after BP failed to respond to numerous red flags. One of these flags consisted of a dangerous corrosion in its pipes that had gone unchecked for more than a decade. * To narrow this entire question up, BP took shortcuts in their productions to cut their costs, and ignored defaults, regular routine cleanings, and maintenance of the rigs causing explosions and leaks, and people getting killed, harmed, or injured. . Yes, BP engaged in purposeful avoidance of risk management. * Some suggest that BP cut corners in risk management to save time and money. * BP had a responsibility to ensure that appropriate precautions were taken to prevent a disaster, but they failed to meet their responsibilities. For example, one technician that worked on the oil rig accused BP of willful negligence. He claims that BP did in fact have knowledge that the rig’s blowout preventer was l eaking weeks prior to the explosion, but did not halt the production. BP’s contingency plan in case of a disaster was inadequate. It contained many important inaccuracies. For example, one of the wildlife experts listed as an emergency responder had been dead since 2005. Another example, is that the contingency plan estimated that if a oil spill should occur, that the company would be able to recover about 500,000 barrels of oil per day, when in reality it took BP months to just contain the leak, at a spill rate of much less than listed in their plan. The inaccuracies of BP’s contingency plan shows how unprepared the company was for a disaster like the Deep Water Horizon spill. 3. I think that in order for BP to rebuild their reputation and manage the risks associated with offshore drilling, they should not take shortcuts or cut corners to save time or money. They should commit to a socially responsible approach and stakeholder engagement. They should have safety organizations in place. They should follow safety rules and regulations. Conduct better start up procedures. How to cite Bp Case, Essay examples

The Concept of Business Model Sample for Students-Myassignment

Question: Write an Essay on Business Model. Answer: The business model concept is designed to aid in the exploitation of a business potential of an innovation (Seppanen, 2009). Seppanen in his paper goes on to explain that the business model covers those resources an organization possess, and assist in the effort of an organization to build a larger capability in innovation. According to Johnson (2008) a business model entails four interconnecting components which when put together, deliver and create value. The most essential component is the customer value proposition, and the other components are key processes, profit formula and resources (Johnson, 2008).The business model is mandatory because of the features in market economies where we have costs of transactions, choice of customers, and heterogeneity amid competition, consumers and producers. The business model concept is attaining grip in various disciplines yet it is still disapproved for being vague, fuzzy and missing consensus on its features and meaning (Fielt, 2013). The business concept helps in the study of the way a company drives economy rate from a technology that has been advanced (Rasmussen, 2007). Zott and Amit revolved to analyze the rate chain, strategize in network theory, innovate Schumpeterian, resource based of the firm and transact the economy rate in order to deliver the foundation of an assimilated model of rate formation in the company (Christoph Amit, 2001). The business model is described as a way in which you identify a business and a way it makes profit. This reflects running of the business hypothesis which entails customers needs, and in what way they need it. It can also be referred to as business performance that cause a larger efficiency by using information technology. The process of conceptualization is the phase which creates the focus of the study. The main activities during the conceptualization stage of the modelling process should include familiarizing with the problem area, defining time horizon of the problem and defining the main questions to be addressed (Randers, 1980). Furthermore, one requires to understand the social structure, problem and process to aid in business model conceptualization In addition, when intellectualizing a fresh knowledge, it is important to put your intelligence towards precise measurements then hunt solutions to assured queries to aid develop idea from primary thought through various steps of innovation (Balasubramanian, n.d.). Another important aspect is to communicate to the deliberate aims of your business. Conceptualizing your hint by a perfect vision of target market, economical placing plus tying it to the main skills of the business are serious reasons in the achievement of an innovation. In aspect of business model, innovators used to reason thoroughly and intellectualize their knowledge by applying the use of business alignment, competitive advantage, execution, customers and business value. Business models can be engaged by organizations in resolving static difficulties through making use of their seizing, sensing, and renovating abilities (Anjorin Ravi, 2012). For instance, through making sure their objectives and goals are well conversant by the known probabilities at a marketplace presented by the existing plus upcoming technologies which also affect their value intention to customers in addition to the nature of their output and inputs. Likewise, utilization of significant resources, network, and significant associates could be coupled by greater levels of absorptive, adaptive, and innovative abilities of a company. In the unsettled domain of electronic commerce, companies can only thrive by constantly revising their models (Reuver, Bouwman, Maclnnes, 2009). When resolving dynamic complications, dynamic business models can be used to perfect the connection between firm performance and technology development, the technology sway on business model innovation, and the technology organization improvement (Baden-Fuller Haefliger, 2013). In various markets, specifically those swayed by advanced technology, it gets difficult on how to improve and correct technology because of the ever-changing demands of customers. The business model may require alteration to correct technology features that make customer value. Likewise, components of the model may vary so as to allow technology advancement that fulfill desires of customers. When a business initiative is known, its moreover implicitly before explicitly hires an exact corporate ideal that describes the structural design before strategy of the rate formation, supply and supply mechanisms it pays. The principle of corporate model is in describing the technique by which the initiative provides rate to consumers, attracts consumers to compensate for value, then transform payments towards profits (Teece, 2010). A significant part of business model design involves thinking on how one can capture value from innovation. Any product advancement is required to be joined with a business model development that states its capturing value and market approaches. Evidently technological innovation cannot guarantee economic or business achievement. Intellectuals have accepted that innovation of technology without a strategy of commercialization is as likely to lead to the distraction of firms. A good model implementation and design, joined with careful strategic analysis, are crucial for innovation to thrive or else companies will stumble. Business models can be used as units of analysis to understand how firms partner. In strategic management the study unit is the industry wherein a business is competing, the business unit, and the organization which is most business units legal entity. Researchers try to assess why some companies have extra incomes than other similar companies on the foundation of these units. Exponents claim that the structure of the industry is important for greater profits. Companies can make a choice on what position they want to possess in an industry, in which industry they would like to run, and how they can alter the structure of the industry so as to get a more favorable structure of industry, for example, through making hindrances for entrance of new comers. Zott and amits article states that, the business model of an organization is the structure of dependent undertakings that surpasses the principal organization and extents its limits (Zott Amit, 2010). The organization is allowed to concert with its associates for value generation. An activity system is defined as a group of dependent activities of an organization, including those carried out by the company, its consumers, and its associates. Zott and Amit put forward two considerations that designers of activity systems need to think through. The first one is the design element which is comprised of structure, content, and governance. The activity system structure defines how activities are connected and captures how they are important for the business model. The system content talks about activity selection. A good illustration of this is when the Ban Colombia had to implement activities that were aimed at offering microcredit to over 60% of Colombians who never had access to servi ces of banking. Hence the bank required to hire new staff, train its management, and improve their competences. This show how the business models are systems under the article because the bank was forced to come up with a product that favored the customers. This new product was intended to increase their customer base and as a result, the innovation led to a higher demand for staff at the bank so as to serve the added customers at the bank. This illustrates how the doing of one thing results to the necessity of anther within an organization. The zott and amit journal brings out this concept clearly compared to other journals. Lastly, under the design element, there is the system governance which denotes whoever carrying out the activities. Moreover, Zott and Amit insisted that it is the design themes which are structure of design elements and consists of novelty, lock-in, complementarities, and efficiency. Novelty involves adopting new activities and new techniques of relating them, and the various ways the activities could be governed. An example of novelty as an activity system is Apple which shifted from production of hardware only to music distribution as an activity. Music distribution was an innovation that apple had to implement so as to increase their revenues because of the increased competition in the phone and laptops in the market. Lock-in are activity systems which are designed to ensure third parties are kept attracted as contributors to business models. Complementarities occur whenever any system activities generate more value than independent running of activities. For example, the process of depositing in banking is a significant banking source that supplements the activity of lending by banks by provi ding cash deposits that are then used to issue loans. Finally, the efficiency design denotes how companies employ the activity system design they possess with an intention of realizing greater efficiency by reducing costs and transactions. This is achieved through the employing of lean production systems which ensure there is maximum output with less cost incurred for inputs. The zott and Amit article helps understand business models as systems the most, because of how they elaborate the creation of value through business model innovation. The article explains that an organization should bring together all its components and choose activities that are favorable to all of them.it helps understand the business models as systems as it mentions for example for a business, they should come up with a way of bringing together the customers and suppliers together. This can be done through cross functioning so that they can increase the revenues from the customers and also reduce costs of supplies. In conclusion, business models could be regarded to be outlines of the way organizations carry out business, how they provide value to interested parties, and the way they connect product and factor markets. The activity systems perspective according to Zott and Amit addresses all these important matters, and gives administrators a semantic and a theoretical tool to address and engage them in perceptive exchange of ideas and imaginative design. Additionally, a business model inspires the organization in complete and universal reasoning when planning its business model, rather than putting much concentration on isolated, individual selections. References Anjorin, J. A., Ravi, P. V. (2012). Business Models: Assessments of the dynamic aspects and non-dynamic aspects. Blekinge Institute of Technology. Baden-Fuller, C., Haefliger, S. (2013). Business Models and Technological innovation. Long Range Planning, 46, 419-426. Retrieved from https://www.elsevier.com/locate/lrp Balasubramanian, V. (n.d.). Innovation Management.se. Retrieved April 15, 2017 Christoph, Z., Amit, R. (2001). Value creation in e-business. Strategic Management Journal, 22(6), 493-520. Fielt, D. E. (2013). Conceptualising Business Models: Definitions, Frameworks and Classification. Journal of Business Models, 1(1), 85-105. Johnson, C. a. (2008). Conceptualisation Business Models:Definitions, Frameworks and Classifications. Journal of Business Models, 52-53. Randers, J. (1980). Guidelines for Model Conceptualization; Elements of the System Dynaamics Method. Pegasus Communications. Rasmussen, B. (2007). Business Models and the Theory of the Firm. Melbourne, AUSTRALIA. Retrieved June 2007 Reuver, M. d., Bouwman, H., Maclnnes, I. (2009, April). Business model dynamics: a case survey. Journal of Theoretical and Applied Electronic Commerce Research, 4(1), 1-11. Retrieved from https://www.jtaer.com Seppanen, M. (2009). Empirical classification of resources in a business model concept. Intangible Capital, 5(2), 102-124. Teece, D. J. (2010). Long Range Planning, 43, 172-194. Retrieved from https://www.elsevier.com/locate/lrp Zott, C., Amit, R. (2010). Business Model Design: An Activity System Perspective. Long Range Planning, 43, 216-226.