The Main Points The Wedding Crasher Of Lincoln, Neb - 550 Words

The Main Points: The Wedding Crasher Of Lincoln, Neb (Essay Sample) Content: Students NameProfessors NameCourseDateThe Wedding Crasher of Lincoln, NebThe Wedding Crasher of Lincoln, Neb  is a story of a young girl who divorced her husband. This girl, the incumbent character in the story, moved to Lincoln, Neb, to start a new life founded on uniqueness as opposed to the former life in marriage. Little was known to her that the apartment leased was prone to weddings and loud noise that stirred up silence in the rooms. Details of the proceedingwedding eventscould clearly be heard in her apartment which she usually considered a disturbance. To cope up with the situation, she developed a habit of participating in those proceedings, especially the cake-eating sessions in compensation for the disturbance.The subject of the essay is marriage and its course. The storybegins with the main character reporting how she is virtually inducted to attend surmountable number of wedding ceremonies while still in her house. At one time, this character has iden tified herself as the bride in waiting or the sister to the bride despite the fact that she is divorced. Throughout the story, the scars attributed to divorce are made clear,particularly when she questions the credibility of marriage, The life of a divorced woman who suddenly found the institution of marriage troubling...  Marriage is, therefore, portrayed as a falling institution with a reasonable number of couples parting their ways and endingup beingmere wedding crashers.CapCrucet, the author of The Wedding Crasher of Lincoln, Neb ,purposes to persuade the audience that wedding ceremonies involve routinizedevents singling outthat the overall uniqueness is majorly contributed by the couple involved. For instance,CapCrucet points out that there is routinized uniformity of wedding ceremony proceedings in that the venues tend to be the same, activities and wedding crashers are similar. CapCrucetis seen to insinuate that only the marrying couples and third parties such as vendor s who usually mark the ceremony are regarded as unique. The story character reports, Yet all the receptions Ive witnessed in this building so far despite every brides best efforts looked pretty much exactly the same.  Besides this, CapCrucettries to persuade the audience on likening wedding ceremonies with the already existing businesses by pointing out that these events can be equated to monetary values, Divorce threatened the very angle that has made weddings a $60-billion-a-year industry.  From the authors persuasions, the audience is influenced to agree that a wedding is only a one day event, whilemarriage is unique and cannot be contained in a single upshot.Marriage in this story has been highlighted as a failing institution despite the ongoing wedding ceremonies. There are several televised weddingprograms that tend to depict the pleasure of marriage. The picture portrayed in these programs as well as in the actual wedding ceremonies is deceiving due to the fact that d ivorce is on the increaseand the impacts are adverse to children born in those families. Televised programs are, therefore, supposed to include the effects of divorce to mindset the bride and bridegrooms on the importance of maintaining their vows during wedding to avoid break ups.The story The Wedding Crasher of Lincoln, Neb is an interesting story integrated with powerful passages. One of these passages is: He was why I was really there. He was the one filling my bachelorette pad with a cacophony of reminders that lots of people were in love and happy, reminding me that I, too, was a type, a sad litt...

Cheryl Strayeds Wild Essay - 877 Words

In Cheryl Strayeds Wild, she gives readers vivid exposure to her turbulent and harsh past. She tells her journey from the beginning of what was the turning page in her life- her mothers death. Strayed goes through a roller coaster with unfortunate events both in her control and out of her control. She makes several poor choices, and she shares all her triumphs with pure honesty. Strayed speaks of her past with a distant remorse, as if she is looking at her past in a movie. She doesnt come across as ashamed of her past, but why should she? As all humans do, Cheryl Strayed makes mistakes and suffers their consequences as well. Everyone handles situations differently, and the best anyone can do is learn from the mistakes and apply it to†¦show more content†¦However, Beth had a complete opposite view; she decided to take nude pictures not only to embrace her new body, but also to spread breast cancer awareness. Some people found the nude pictures to be offensive as they showed t he stitches and scars of her surgery. Just like Cheryl received harsh judgement, so did Beth. However, both women felt sharing their story would do some good in the world, and it would show people that it is okay to be imperfect. As Beth stated, â€Å"I’m glad that I did it† (Sparrow). Cheryl Strayed faced many emotionally traumatizing events and instead of blacking them out and staying quiet, she exposed them so people could learn from her story and realize everyone faces troubles, so there is no need to hide them. Her worst pain came from her mother dying. Cheryl chose to deal with that in a poor manner, which she now realizes and accepts. She did drugs to escape her reality, and she slept around soon becoming numb to any and all emotions. She received a lot of negative criticism for behaving that way, but everyone handles situations differently. She was a stronger person to be able to face her mistakes and even much more to share them with the entire world. She also had to deal with her sick horse. The horse was very ill and her stepfather didnt know how to kill a horse without pain. They decided to shoot him, but he didnt die, so they shot him again and again until they ran out of bullets. This wasShow MoreRelatedA Walk In The Woods Analysis968 Words   |  4 Pagesnew life? A Walk in the Woods, by Bill Bryson, and Wild, by Cheryl Strayed, unfold a journey, by foot, that had taken place in uncivilized parts of the U.S. A journey of which the authors found peace within themselves, and took time to appreciate what life has to offer. Although both authors found themselves in a state where a hike of over 1,000 miles was necessary, they both had very different reason to take time away from civilization. Cheryl Strayed needed to relieve her past by coming at peaceRead MoreThe Death Of A Loved One1668 Words   |  7 PagesThe death of a loved one is not something that is easy to live through. For Cheryl Strayed that was no different, but Strayed used it as her driving force at a chance to pursue her dreams as well as an opportunity make her grieving heard. She battle with the death of her mother as well as her whole life being turned upside down as acknowledged in, â€Å"I’d find my strength again, far from everything that had made my life ridiculous† (Strayed 57). One thing that did not change throughout it all was thatRead MoreComparison Of Into The Wild, By Cheryl Strayed And Into The Wild936 Words   |  4 Pagesnatural world. Although Wild by Cheryl Strayed and Into the Wild by Jon Krakauer sh are the same word in their titles, the two are completely different stories with separate narrative purposes. Wild is about the author’s journey of self-discovery and self-acceptance through hiking the Pacific Crest Trail, and Into the Wild is the author’s discovery of Chris Mccandless’s natural journey, which ultimately led him to his death. Even though the ending of Wild leads to Strayed’s renewal of life, and theRead MoreWild, Near The Beginning Of Cheryl Strayed s Adventure On The Pacific Crest Trail1393 Words   |  6 PagesIn the book Wild, near the beginning of Cheryl Strayed’s adventure on the Pacific Crest Trail (PCT), two of her trail mates quickly became bedridden with a waterborne parasite and had to be taken to the hospital (Strayed 114). This scene reminds us the dangers of drinking water when among nature. Even experienced hikers can spend weeks finding the perfect water filter, only to end their adventure early, crippled by a waterborne disease. Without the safety of civilization, simple things like safeRead MoreThe Movie Wild Essay1201 Words   |  5 PagesThe movie â€Å"Wild† is based on Cheryl Strayed’s autobiography about her trek along the Pacific Crest Trail in 1995. The story is set on the Pacific crest trail, including a wide variety of climates including: deserts, snow covered mountains, and tropical forests. Along her journey on the trail, the movie flashes back to several traumas that drove her into the wild, in order to reinvent herself as a strong independent woman once again, no longer bound by guilt, shame, and regret. This is a movieRead MoreComparing The Poem From Wild, And The Excerpt From The Woman Warrior Essay1720 Words   |  7 Pages The excerpt from Wild, and the excerpt from, The Woman Warrior, both portray different characteristics of motherhood. In both texts, mothers are referenced and sometimes major characters in the writing pieces. However, when you read both of these titles, it becomes clear, very quickly, how differently mothers act towards their children, and are portrayed by their children. I chose to write about these two titles, because they were capturing stories, which drew the reader in to their storylines andRead MoreThe Memoir Wild By Cheryl Strayed1226 Words   |  5 Pages The memoir Wild, by Cheryl Strayed focused on a woman whose whole life was in turmoil. From the passing of her mother to the divorce of her husband, Cheryl lost sight of her values and viewed her life as one ruined by failure and loss. In desperate need of something new to believe in, Cheryl decided to begin the journey with herself by taking an epic journey on the Pacific Crest Trail. Her beliefs and values transform over the journey from the victim of a bad situation to her belief in herself,Read MorePsychology At Columbus High School1908 Words   |  8 Pagesopportunities. The day had arrived, and I had my first official training session with the organization’s leader, Dr. J, also known as Dr. Jeanine. The journey was a completely new learning experience for me as was Cheryl Strayed’s journey to hike the Pacific Crest Trail in her memoir, Wild. I had asked around my school to see if anyone else could volunteer with me; however, with the camp falling on a holiday, the majority of my friends had already made plans to go out of town. I came up with every

The Effects Of Mass Media On Our Society - 1471 Words

Amber alert can caution millions to any serious activities of child-abduction. With a touch of a finger through smartphones, this alert system activates an urgent bulletin to galvanize the community for assistance and safety. Today, mass media has undergone a significant change in terms of how they reach out to the public. During the early 19th century, the dominant form of media was the printing press through newspapers, magazines, and books. Eventually, the late 19th century throughout the 20th century, broadcast media provided easier access for entertainment, political issues, and current events gathering families around the radio. Now, TV and the Internet are the most impactful type of informer as well as an efficient way to notify the users. Mass media emphasizes a positive influence onto to the society in terms of Public Service Announcements (PSA) and trends popularizing on Facebook, Twitter, and other types of social media. With mass media initially being faster than any form s of communication, it creates a positive environment such as the campaigns of â€Å"ATT: It Can Wait† and â€Å"Truth.† Both target the public to show the effects of smoking and the dangers of texting and driving can lead to tragic deaths, sporadically occurring any given time. They target the general public to prevent such effects to create a better community. â€Å"ATT: It Can Wait† is a anti-campaign rallying individuals to pledge against texting while driving and other phone distractions like surfingShow MoreRelatedEssay on Mass Media Society1080 Words   |  5 PagesImpact of Mass Media on Individuals, Society, and Culture Mass media, over the years, has had a profound effect on American society, on its culture, and on the individuals exposed to the media. Mass media is a form of socialization, having a long-term effect on each member of American society. While mass media targets the individual in short-term intervals, the overall influence on them has been established as the consumer moves from one impressionable age category to another. The long or short-Read MoreThe Influences Of Mass Media On Society864 Words   |  4 PagesThe Influences of Mass Media on Society For the greater majority of the American society, the presence of mass media is a normal part of everyday lives. With the purpose of mass media being to educate, entertain and inform, the excessive violence, self imaging, and lack of full detail on world events, is having negative influences and unhealthy impacts on society. As early as the 1920s, a form of the media has been present in the American society. Although broadcasted content wasRead MoreMass Media Influence On People s Ideas About Society936 Words   |  4 PagesNovember 13, 2015 Mass Media Influence in Shaping People’s Ideas about Society The most important goal for mass media is to make high revenues. To make this goal real and earn that money mass media maker or producer put effective working plans. These effective plans could be in all different kinds of any mass media. There are several effects of made mass media planning before it broadcasting a message to improve it economic. These effects are; effects of advertising on purchasing, effects of politicalRead MoreMass Media And Its Impact On Society1719 Words   |  7 PagesIn today’s world society believes that mass media plays a key role in shaping and communicating our culture. Mass Media is defined as a technological advancement of communication. People receive information about the world through mass media and it helps shape people’s beliefs, values, perception, and behavior. Mass media is a controversial topic among sociologists, many of them have differentiating opinions of how mass media is influencing people daily lives today. Through this research analysisRead MoreEssay about Impact of Mass Media on Individuals, Society, and Culture1178 Words   |  5 PagesImpact of Mass Media on Individuals, Society, and Culture Mass media, over the years, has had a profound effect on American society, on its culture, and on the individuals exposed to the media. Mass media is a form of socialization, having a long-term effect on each member of American society. While mass media targets the individual in short-term intervals, the overall influence on them has been established as the consumer moves from one impressionable age category to another. The long or short-Read MoreMedia s Effect On Society1084 Words   |  5 PagesOver the years media has had an intense effect on society, an effect so immense we don’t even notice its presence sometimes. Media is crucial to any society; we are all surrounded by media. Each and every day people interact with media of many forms. Media is generally defined as being a channel of communication. We as a society absorb media from a wide variety of forms such as television, radio, magazines, newspapers, billboards and the internet. These are referred to as ‘mass’ media, because theyRead Moreexample of informative speech outline Essay e xamples899 Words   |  4 Pagesï » ¿ EXAMPLE OF INFORMATIVE SPEECH OUTLINE Informative Outline Topic: Impact of Media in the Society and Individual General Purpose: To Inform Specific Purpose: To inform my audience the negative impact of social media in the society and to the individual. Thesis: Social media websites are some of the most popular haunts on the Internet. They have revolutionized the way people communicate and socialize on the Web. I. Introduction A. Attention Getter: Today, just aboutRead MoreMedia s Effect On Teens986 Words   |  4 PagesThe American media industry generates approximately 600 billion dollars annually through its programming and advertisements. The economic system of the United States and tough market competition have led to a massive media boom, and being the largest industry in the United States in terms of revenue, The media have been successful in corrupting people’s mind, with young teens being the largest group of victims. In the current situation, our economic, social and political decisions are widely beingRead MoreMass Media Usage813 Words   |  4 PagesIntroduction to Media Industries Media Visualization Essay Media Usage Mass media has become a powerful tool in shaping our culture, and is largely reflective of our society today. According to our text book and class lecture notes, mass media can be loosely defined as the technological vehicles through which mass communication takes place, along with the industries which control them. Over the years, mass media, has had a profound effect on American society, on its culture, and on the individualsRead MoreThe Effects Of Mass Media On Society861 Words   |  4 PagesWhere do we get our information in society? How do we know what is true information from false information? Mass media, including T.V, Radio stations, newspaper has taken over the minds of people in society. According to Glen Smith and Kathleen Searles, Most assumption are being based off of what they see and hear on the television, social networks and on the radio because its mainly one side stories or one bashing of individuals. People do not take the time to go in-depth about the situat ion being

Organizational Behavior and Strong Culture - 1260 Words

How a leader or a found of an organization can helps in creating a strong culture in an organization? Can a leader eliminate culture? Explain. Introduction. Leaders is a person who have a conduct and power in organization and made the decision to make sure achieve a goals. Leaders also have a power to influence on the organization to follow what the decision made on him. There are three major type of the leader such as autocratic, democratic and laissez-faire. Leader must have a good skill and knowledge to conduct the organization very well in the work. (Northouses (2007, p3). Kim Ann Zimmermann, LiveScience Contributor, July 09, 2012 ,the meaning culture is characteristic group of people such as religion, language, social habits, music and another else. Environment in the work place, defines the boundaries of the different groups. This is because the work place have many different people culture. This is make organization operate efficiently only when shared values exist among the employees. The another employees can learn about new values on the culture both of them.Culture are elusive and hidden, so they are hard to diagnose, manage and change. Next, culture sustain people through periods of difficulty and ward off anxiety. Culture also provides and encourages stability. It is more employees share and accept the core values, the stronger the culture and the more influences it is behavior. Organization is a social structured people to manage on theShow MoreRelatedThe Importance Of Culture And Organizational Culture1647 Words   |  7 PagesThe importance of culture in the organization The organization culture as a leadership concept has been identified as one of the many components that leaders can use to grow a dynamic organization. Leadership in organizations starts the culture formation process by imposing their assumptions and expectations on their followers. Once culture is established and accepted, they become a strong leadership tool to communicate the leader s beliefs and values to organizational members, and especially newRead MoreThe Relationship Between Organizational Culture And Leadership Essay1423 Words   |  6 PagesRelationship Between Organizational Culture and Leadership Organizational culture is a set of rules and standards; it through its words, relationships and gestures to guide the behavior of its members, and the leadership is to predict the future, to cultivate the behavior of the followers. The relationship between these two concepts is helpful to improve or minimize the productivity of any company (Schein, 1985). The meaning of a good leadership is including an innovative organizational culture. And the establishmentRead MoreOrganisational Culture1310 Words   |  6 PagesWhat Is Organizational Culture? Organizational  culture refers to a system of shared assumptions, values, and beliefs that show employees what is appropriate and inappropriate behavior.[1] These values have a strong influence on employee behavior as well as organizational performance. In fact, the term organizational culture was made popular in the 1980s when Peters and Waterman’s best-selling book In Search of Excellence made the argument that company success could be attributed to an organizationalRead MoreOrganizational Culture And Its Effect On Individual Perception Of Authority, Behavior, And Learning945 Words   |  4 PagesLeadership behaviors, office politics, team building, and effective meeting strategies, as discussed in the previous are components that allude to one large apparatus of organizations—organizational culture. Organizational culture provides guidelines for which leaders are inspired, for how colleagues act toward one another, for how teams are built, and for how visions are achieved. As a result, it is vital to not only understand the previously described components of culture, but culture as a construct;Read MoreOrganizational Cu lture Essay731 Words   |  3 Pages Edgar Schein, a famous theorists dealing with organizational culture, provides the following definition for the term: A pattern of shared basic assumptions that the group learned as it solved its problems that has worked well enough to be considered valid and is passed on to new members as the correct way to perceive, think, and feel in relation to those problems. (organizationalculture101) However, organizational culture is more than sharing assumptions used by a group to solve problems;Read MoreOrganizational Culture And Leadership : An Organization906 Words   |  4 PagesFavian Ramirez MGT 105 Professor Call Organizational Culture and Leadership Organizational culture and leadership both affect every day working lives, even if you notice it or not. There is no single definition for organizational culture but the concept consists of socially developed rules of conduct that are shared by members of an organization. Some researchers believe that many traits of an organization’s culture are so vague and general that even the members of the organization cannot accuratelyRead MoreA Description Of School ( Organizational ) Culture1749 Words   |  7 Pages Organizational Culture Salih Dede University of Nevada- Reno EL700 Jafeth E. Sanchez, Ph.D. 10/27/2015 â€Æ' A Description of School (Organizational) Culture Today many companies are focusing on becoming a value-driven organization because we have seen those values types of organizations are some of the most successful companies. Value tends to drive culture and when you have an organization that has strong culture, you have a lot of employee that are bookbuild so your culture is driving completeRead MoreORGANIZATIONAL CULTURE1123 Words   |  5 Pagesï » ¿ORGANIZATIONAL CULTURE Culture consists of beliefs and behavior. It is cultivated behavior in the sense that it is learnt from the other members of the society. According to Henry Mintzberg, an internationally renowned author on Business and Management, â€Å"culture is the soul of the organization – the beliefs and values, and how they are manifested. I think of the structure as the skeleton, and as the flesh and blood. And culture is the soul that holds the thing together and gives it life forceRead MoreThe Job Learning And The Transfer Of Knowledge Occurs When Employees Perceive Leader Support1056 Words   |  5 Pagesorganizational context. Design and Methods Using a modified survey by Engelbrecht and Mahembe (2013), the following hypotheses were addressed: Hypothesis 1: The facilitation of on-the-job learning and the transfer of knowledge occurs when employees perceive leader support. Hypothesis 2: Organizational learning was conducive to employee growth and development. Hypothesis 3: Servant leadership environments aid the transfer of knowledge by building a culture of learning whereby employees perceivedRead More Organizational Behavior Terminology And Concepts Essay975 Words   |  4 PagesUnderstanding organizational behavior is important for everyone involved in an organization, not just the leadership and management teams. By gaining and understanding this knowledge each employee should be able to realize how their individual actions contribute to the big picture of the company. In order to understand this there are some key concepts and terminology that must be explained to make the learning process more manageable. Organizational Behavior What is organizational behavior? According

Steps For Improving Job Performance - 1283 Words

The first step in improving job performance is to set clear and strategic organizational goals. A number of researchers have suggested that if employees participate in setting goals, it can motivate job performance (Likert, 1961; Viteles, 1953; Vroom, 1964). Setting goals provide specific direction to the employees which lead to a desirable outcome. Goals help employee to evaluate where they are now to where they want to be and where the manger/supervisor would like them to be at the end of month, year, cycle etc. Goals have a starting point and an ending point. For example, now is September 15 and one of your goals is to install newly-required software to all of the computers college-wide by December 15. You will need to develop a timeline and identifies steps you need to take to make that happen. Then stay on track and work to complete your goal on time. Well-defined goals make it easier to monitor individual and organizational progress, make necessary changes and address issues before they become threat. Goals setting establish clear job performance which becomes easier for managers for training and support of employees. Therefore; Malcomn Fieschner and J.D. Holzgrefe in Selling Power stated that whether writing long or short term goals, one should follow â€Å"SMART: Specific, Measurable, Attainable, Relevant, Time-bound† (Lewis, 2000). Additionally; managers might need to provide employee with assistance or resources such as equipment, additional assistance,Show MoreRelatedEmployee Training And Development Plan753 Words   |  4 Pagesremain qualified to continue employment within their place of employment. This job requires that the employee keep up with certain standards of productivity and performance to stay competitive. Most companies must require that the employee engages in job related training and development co urses in specifically related to their job description. According to Landy and Conte (2013) development is the formal education, job experience, mentoring, relationships, and assessment personality and abilitiesRead MoreQuality Improvement: Joseph Juran Trilogy Program916 Words   |  4 Pagesgoal. It is a continuous process that employs rapid cycles of improving (Dictionary.com). There are many different quality improvement programs. All are different but all have the same end results. You just half to choose the one you feel is best for your company. I am going to share little about a few. Joseph Juran Trilogy Program is a quality management process is carried out by the use of Juran Trilogy which consists of three steps which are Quality planning, Quality control, and Quality improvementRead MorePurpose Of Performance Appraisal Performance1130 Words   |  5 PagesPurpose of Performance Appraisal Performance appraisal aims at clarifying the employees work expectation, improving employee development, linking pay with performance and assessing workforce development (Mathus and Jackson, 1998). It makes employees to become aware of the organizations expectations after performance evaluation which helps them in improving their performance (de Waal, 2004). This is further emphasized by Gabris and Ihrke (2000) who found out that the main aim of performance appraisalRead MoreLiterature Review Job Design and Workforce Diversity Improve Performance1224 Words   |  5 Pagesbusiness environment, what role do job design and workforce diversity play in attempts to improve indiv idual and organisational performance?† Literature Review A significant number of ideas have been offered to explain job design and workforce diversity which impacts on individual and organisational performance in business environment at the present time (Yan, Peng, Franesco, 2011 ; Foss, Minbaeva, Pedersen, Reinholt, 2009). Improving and developing performance will lead to goal achievementsRead MoreSelf Improvement Within A Group1129 Words   |  5 PagesGroup Improvement Improvement within a group is just as important as self-improvement. Becoming a self-leader can be accomplished by improving organization and time management skills; along with being well rounded in many facets. Understanding that enhancing a group’s performance can always be done will, only better the outcome of their products. Self-improvement tools are helpful and often only save time in the long run. It is often overlooked because it is time consuming and seems extraneous.Read MoreBenefits Of Implementing A Performance Management System944 Words   |  4 PagesAguinis (2013), performance management is defined as a method of continuously identifying, evaluating, and guiding individual and team performance and ensuring that employee performance is in line with the firm’s goals (p. 2). The four general strategies that would be used to convince the client firm that the benefits of implementing a performance management system will far outweigh the costs and difficulties associated with the transition from a performance appraisal to a performance management systemRead MorePerformance Management at the University of Ghana848 Words   |  3 PagesPerformance Management at the University of Ghana The Balme library at the University of Ghana as implemented a performance management (PM) system to serve their diverse customer base. However, there have been issues with the PM system that was put in place. Some issues are the lack of a job analysis, employees are rated on vague items, and management does not work with the employees with feedback or development. Out of these issues the most important one is the lack of training and development byRead MoreImproving Performance Appraisal For Employees1471 Words   |  6 PagesImproving Performance Appraisal for Employees Introduction One of the most important things in a company or organization is the performance appraisals that are given to the employees, some management and upper management. A performance appraisal can give so much information not only to the employer but also to the employee. There are many different types of performance appraisal out there, also because every job is different the performance for the different. A performance appraisal is importantRead MoreCONTINUOUS IMPROVEMENT1048 Words   |  5 Pagesbegin a new job. New staff may lack experience or some of the core skills required to undertake a specific job and by having a coach or mentor there to provide assistance, you can assist in reducing the stress felt by new staff undertaking a new job. The process of having a coach or mentor assigned to your new staff is not a new idea, but one which can provide significant advances in improving overall quality in the workplace. They also enhance the individual employees performance. There are aRead MoreThe Gateway Hospital Od Consultants1403 Words   |  6 Pagesand Career Planning is recommended for improving employee related issues among each other, improving ineffective leadership and also interpersonal relationships, reducing the amount of key physicians and other skilled employees from resigning, increase professional staff recruiting, build teamwork and employee satisfaction (Borkowski, p 368). Example: Exit interviews among other things are usually helpful when employees disclose their feelings about their job duties, management and the organization

Auditing Theory and Practice Global and the Local Level

Question: Describe about the Auditing Theory and Practice for Global and the Local Level. Answer: 1a: The factors which was mainly related to the business risk of the HIH insurance was mainly at the global and the local level. The business risks of the company was mainly attributable its identification which the company could not do. However, the business risk of HIH Insurance can be assessed form the structure and the profitability of the company. The insurance industry is regarded as highly competitive and the completion in the industry has increased mainly in terms of the price. The insurance industry in Australia is not regulated and there has been a fluctuation in the regulation of the insurance industry. However, such assessment of risk is mainly based on the core understanding of the insurance sectors. It also depends on the ability of the HIH limited so that it is able to align itself within the risk evaluation parameters (Damiani et al., 2015). Structure and the profitability In order to assess the business risk of HIH insurance, the best way would be to assess the structure and profitability of the industry or the sectors in which HIH is operating. The companies that is fresh to the regulations, the risk evaluation of such companies turns out to be relatively simpler. Superannuation commission and the instance is sued to serve by the regulatory body of Australia. Such an assessment would help in analyzing the competitive environment of the company, which is related to the price range and the increasing competition (French et al., 2015). Insolvency risks assessment: The risk associated with the auditing of the company that is close to the insolvency is higher. The company is regarded as solvent when it is able to fulfill all its obligations under the contracts. The insolvency risk is assessed on the basis of the assessment of the auditing risks. One of the components of the audit risks is that the risk of company being insolvent which is to be taken in to account by the auditors. A group enterprise perspective was adopted by HIH when it as attesting to a solvency position. The insurance subsidiary of the company was treated as the single group and the liabilities and assets of the company was netted off which led to the auditors not identifying that these subsidiaries were potentially insolvent (Adams, 2014). 1b: Inherent risk is one of the components of the audit risks. When the financial statements of the company contain the material omission before the effectiveness of the internal control system, such risk is regarded as the inherent risks. The inherent risks of HIH were similar to the other companies in the insurance industries. Several inherent risk of the HIH insurance Limited can be listed down as: Maintenance of the sufficient solvency margins Premiums charged by the company has to be adequate Riskiness of the policies needs to be calculated The inherent risk is to be determined by the auditors and consideration should be made by them that the HIH limited was reinsuring the policies, which were ordinary, and they were providing the marine and film insurance practices which was significantly different from the companies within the insurance sectors (Gorge, 2015). Control risk is another element of the risk assessment and such risk arise from the inability of the internal control system to detect the material omission or errors. The controls could not be relied and there were number of instances from the HIH Limited. The company did not perform the comprehensive reconciliations of the banks and ledger accounts and as a result, the accuracy and the completeness of the ledger accounts could not be determined. The budgeting process used by the company lacked the controls and the company used budgeted figures to value the tangibles and goodwill when making the financial reports. As a result, substantive procedures have to be performed by the auditors during the audit and the external documentation needs to be placed the greater reliance. The auditor needs to make their own valuation of the tangibles and the bank and ledger accounts needs to be reconciled (Kuan, 2014). 2a: It is evident that the audit procedure performed by Anderson lacks sufficient planning and this was mainly related to the benefits of the after income tax, goodwill, deferred acquisition costs. The risk of conducting the audit was evident as the audit opinion issued by the auditors was unqualified and he issued this opinion just eight months prior to the collapse. Anderson has limited knowledge about the operating environment of the company and they were not able to recognize that the inherent risk has observed a change over the last or previous years. The practice of the HIH was undertaken seriously by the auditors as indicate by the express of matter depicted in the audit report. The flaw was mainly related to the investigation and the auditor did not notify the relevant parties. In order to successfully manage, the audit risk, the company needs to plan the adequate audit procedures and there needs to be sufficient undertakings (Le Mire Gilligan, 2013). For clients- When it comes to the clients, the organizational performance is of great importance and this would illustrates the benefits of tax, deferred acquisition costs and inefficient planning of goodwill. The interdependence of the external auditing would be greatly impacted if the client hires former or previous auditors. These previous auditors have auditing team as their partners and this consists of influencing the current auditors in authority. The current auditors and the previous auditors are able to handle and indentifies the issues related to the parties, which is mainly influenced, and hold by these auditors. From, this it can be concluded that the current and previous auditors have close relationships (Merkin Steele, 2013). For creditors- for creditors, the minimum insolvency requirement is of focus and this would indicate that at the time of declaration of the directors, the company would stay insolvent. The financial and operational conduct is mainly linked with the liquidity position and therefore, the liquidity position need to be given much emphasis for the organization. The risks were mainly attributable to the outstanding claims and the pricing capability and this has to comply with the reservation policy of HIH for working and the handling of the investment decisions. Handling of provision forms the basis of such representation, where there is a need of prudential margins (Betta, 2016). 2b: The acceleration of the alterations made by the legislation is the main reasons for the negligence on the part of the actions of HIH insurance. The reckless investment and the pricing ability were of inferior ability were the reason attributable for the financial group resources exhaustion and this was stated under the policies reserved. Risk management inadequacy- Risk management is of great significance in the operation of the insurance company. The risk management of the HIH limited was not well performed and shaped properly and this was evident from the failure of the investment made by the company. There has been negligence on the part of the directors when it comes to analyze the investment decision strategy and to appreciate the risk with the help of adequate information sources relating to the investment. The failure of the risk management was a part of the bizarre management style that led to the collapse of the company (Mennicken Power 2013). Inadequacy of the independent information sources- The corporate governance system of the company is governed by the accounting system of the company. The non-executive directors have to rely on the information provided by the management and this forms a part of the inherent risk in the system of corporate governance. The board does not include any non-finance directors and the chief director of the company mainly dominated the provision of the information. The independence of the directors forming the audit committee was suffering from the defect and these directors could not fulfill their responsibility with providing the independent sources of information. Defected practice of corporate governance- The bankruptcy of the corporation was mainly attributed to the failure of the corporate governance practices. There were agency problems and the conflict was arising between the debtors, proprietors and the management. The equilibrium between the debtors and the stockholders cannot be maintained, the interest of the stakeholders was damaged, and the value of the company went down drastically. 3a: The inadequate evidence provided by the audit report and the changes that had been made in the several accounts is the main area of concern. The paid auditing services cannot be enhanced and this was mainly because of the development of the relationship with the servicers of the non-auditors. The reasons which were responsible for HIH hiring the team of external audit: The various matters regarding the monetary and fiscal matters was having the better experiences from the prior auditors. The financial reports were much more aware with the auditors which were previously held in the company. The holding of the audit work were relied upon by the management and this is done to develop such relationship with the external auditors which are efficient. The auditors are required to and there is a need on their part to preserve the professional skepticism. This is done because the management and the auditors are not able to manage the financial statements of the company. 3b: The auditing organizations are required to offer the non-auditing services to the client apart from offering the services on the advice concerning the tax as well. Hiring the same client offering the auditing and consultancy services might lead to compromise the objectivity of the report of the client. The non-auditing services and the auditing services would be offered by the company. The information of the customers depends on the source of the income and there may arise conflict of interest between the management and the executives. The objectives of the organization are to maximize the profit of the company and using such auditors would have the objective of carrying the financial reports of the entity with the same objectives as that of the organization. The audit activities of the business is based on the firm providing the same consultancy and the auditing services and this would help in holding the change for the different reports which are impaired. The report presented by these firms offering dual services is done after the errors of the organization has been identified and this would provide the platform to facilitate the management of the informations of the clients. The client information management is enhanced by appointing such firms which would offer the auditing and the consulting services as the report would be prepared after all the errors of the company has been recognized. The management reports would be compiled and all the errors would be covered up. However, the accuracy of the financial reports is determined by deploying the regulatory measures as such, services would offer various benefits to the company (Clarke Dean, 2014). 3c: The circumstances generated by the use of the above measures offer various advantages to the company, which is mainly in their own interest. The company continuously provided misleads information to the people concerned. The deployment of the firm providing both the auditing and consulting services might give biased audits and there is a chance of producing the impaired reports if the audit and the consulting services are profitable. Several staffs of the company engaged themselves in the unethical conduct and there was failure on their part to perform their duties effectively. This is evident from the fact that the Anderson has provided the unqualified opinion while carrying out the audit and preparing the audit reports. The ethical standards of the organization have been violated and this is exceeding the organizations ethical limit. While dealing with the customers, the employees of the organization have to deal with them and discharge their duties in an ethical and moral way (Duf fy, 2014). 3d: The last governance proposal as provided by the report under the CLERP 9 legislation. The recommendation was made concerning the policies regarding the financial reporting and the governance. The various recommendations is listed down below: The reliability of the financial statements has to be improved, this would be done by adding value, and there is a more focus on the independent audit. The audit function of the company needs to comply with the disclosure obligations. All the issues concerning to the audit of the company are dealt in the draft bill. Several guidance are provided on the assessing the rotation of the partner and the partners engagement which has to be extended to the authority of senior management. The recommendations would have a greater impact of the auditing of the company and it would enable to provide the fair and true view of the company (Houghton et al., 2013). The recommendations provided by the Ramsay report recognize and addresses the issues concerning groups. The introduction of the standard provide for the requirement by the auditors to present the annual declaration to the directors of the company so that that are able to exercise their independence. The recommendation regarding the disclosure and independence of the financial information would help in the audit function and the financial reporting (Carey et al., 2014). Reference: Mak, K., Deo, H. N., Cooper, K. A. (2005). Australia's major corporate collapse: Health International Holdings (HIH) Insurance" May the force be with you". Mirshekary, S., Yaftian, A. M., Cross, D. (2005). Australian corporate collapse: The case of HIH Insurance.Journal of Financial Services Marketing,9(3), 249-258. Shariff, A. M., Chan, T. L. (2012). Inherent Risk Assessment. InThe 2008 Spring National Meeting. Martinov, N., Roebuck, P. (2012). The assessment and integration of materiality and inherent risk: An analysis of major firms' audit practices.International Journal of Auditing,2(2), 103-126. Adams, M. A. (2014). Faulty lines in corporate law: Issues for insurance policies.Governance Directions,66(8), 504. Beckett, I. (2012). FINANCIAL REGULATION IN AUSTRALIA since the GFC1.JASSA, (3), 20. Bobtcheff, C., Chaney, T., Gollier, C. (2016). Analysis of Systemic Risk in the Insurance Industry.The Geneva Risk and Insurance Review,41(1), 73-106. Clarke, F., Dean, G. (2014). Corporate Collapse: Regulatory, Accounting and Ethical Failure. InAccounting and Regulation(pp. 9-29). Springer New York. Clarke, F., Dean, G. (2014). Corporate Collapse: Regulatory, Accounting and Ethical Failure. InAccounting and Regulation(pp. 9-29). Springer New York. Duffy, M. (2014). Towards better disclosure of corporate risk: A look at risk disclosure in periodic reporting.Adel. L. Rev.,35, 385. French, A., Vital, M., Minot, D. (2015). Insurance and financial stability.Bank of England Quarterly Bulletin, Q3. Gorge, G. (2015).Insurance risk management and reinsurance. Lulu. com. Kuan, K. T. C. (2014). Auditor independence: an analysis of the adequacy of selected provisions in CLERP 9. Le Mire, S., Gilligan, G. (2013). Independence and independent company directors.Journal of Corporate Law Studies,13(2), 443-475. Mennicken, A. N. D. R. E. A., Power, M. (2013). Auditing and corporate governance.The Oxford handbook of corporate governance, 308-327. Merkin, R., Steele, J. (2013).Insurance and the Law of Obligations. Oxford University Press.

Management Systems In Business Enterprises -Myassignmenthelp.Com

Question: Discuss About The Management Systems In Business Enterprises? Answer: Introduction Operations Management is the process of administrating the business processes to develop highest level of effectiveness and efficiency possible in a company. It is one of the most important processes of an organization, which assists an organization in attaining its overall objectives. It includes using the resources from materials, human resources, equipment, materials and technology. The idea of operations management is primarily emphasized on administration and management of different processes and methods, which can be managed by the business entity for enhancing its capabilities and profitability. The major concern in this process is sustaining the balance between income and expenses, so that business entity can achieve increased net profit. There are some examples of operations management, like; decision making regarding implementing plants, strategies for expanding the business and utilization of data structure for innovation systems etc. In order to manage and implement the operations, an organization may face various issues and challenges. This report includes different challenges, which impact operations management in an organization, like; quality management, changes in the customer expectations, changes in job design, globalization etc. The Australian business, which is taken into consideration here, is BHP Billiton. The company is an international organization in Anglo-Australian metals, mining and petroleum business. BHP Billiton is dual-listed public organization that is headquartered in Melbourne, Australia (BHP, 2017). This report analyzes the effect of these challenges on chosen business and its operations. Furthermore, it includes some areas of operations management, which mostly impact the success of chose n business in todays competitive business environment. The three areas, which are discussed in the below report, are supply chain design, product and service design and resource management. Impact of Challenges on Business Operations management plays a vital role in alleviating the policies and processes of organization across different business areas, like; technology, finance and planning. Operations Management is very challenging as it employs highly technical approaches and methodologies (Anderson, Anderson and Parker, 2013). There are multiple challenges, which are confronted by organization on regular basis in managing business operations and processes, like; Technology changes, globalization, changes in customer expectations, changing job designs, quality management and global manufacturing. These challenges impact the business of BHP Billiton in the future. Following are some of challenges and issues, which can be confronted by BHP Billion; Changing Technologies The scope of technology in operations management has progressed over past few years and has moved from development of products into design, improvement and management of processes and systems. Changes and advancement in technology is one of the factors, which have been considered very important for every business organization in todays business environment. Technology is a factor, which has different impacts on business activities and processes and offers both intangible and tangible advantages to an organization (Aviv, Lariviere Terwiesch, 2009). These advantages support an organization in achieving competitive advantages, increased efficiency and productivity, quality products and services and enhanced customer satisfaction by delivering quality products. Changes in technology offer both positive and negative effects to an organization. BHP Billiton may have both impacts of technology changes. Apart from positive impacts, there are some adverse effects, which impact the operations and growth of this business. First and foremost issue is integration issues, which states that it is not essential that new installed and advanced technology will match with old and existing technology systems in the organization. If BHP Billiton incorporates new technology systems in its business operations, then it may face the issue related to employee resistance because employees make efforts to resist technology changes (Aaker and Biel, 2013). In addition, the organization will have to bear the training and development costs to train the employees about advanced technology. Integration issue will lead to develop a double data entry in the processes that will show on different places in the system. Thus, integration of new technology with existing can be proven as a threat for BHP Billiton. In this context, another challenge is backup and data recovery challenges. BHP Billiton needs to manage the data of its suppliers and customers. If any file gets erased accidently because of server crash, power cut and other technological issues, then the company may face the issues related to data and material information loss. So, it is very important to have a data recovery system for the organization to overcome technology related issues (Beardwell and Thompson, 2014). Continued Globalization of markets including 1st and 2nd world entrants Globalization is the process, by which an organization expands its marketing and business operations to international or global levels. Globalization offers the markets with different international stages to handle with the issues, so that it can improve the efficiency, quality and effectiveness of products and services. This is because of the development of enhanced and modern methods. Internationalization and modernization are the major factors, which assist the business environment and markets of an organization. If BHP Billiton expands its business globally, it may face various challenges, like; the company will need to understand and comply with the laws and political regulations of international markets. For example, the organization will confront the issues related to laws and taxes of the emerging market, in which it is expanding its business operations (Brown, Bessant and Lamming, 2013). In addition, the company will face the issues due to cultural and language differences. Thus, political and legal factors are the major challenges, which affect the operations management in the organization. Changing customer expectations The significant components of customer service are endless, but expectations of customers are not. In todays business environment, customers are always desired a reliable, efficient and friendly service, but with the emergence of enhanced technology, the expectations of customers have been changed with the passage of time. Customer is the king of market, so it is necessary to consider their expectations and needs for managing the organization and its business operations (Chase, 2017). The organizations manufacture and deliver the products according to the needs and preferences of customers, which will lead to the organization in attaining its business objectives and goals. For an organization, demand and supply is totally dependent on the likes and expectations of customers. It is a significant factor that influences the growth and success of business of BHP Billiton. BHP Billiton may face the issues related to customer expectations as the expectations of customers change with the ma rket trends. The customers, who are going with the products and services BHP Billiton, have the expectation of innovative and upgraded products (Christopher Martin, 2016). If the company will be unable to fulfill the needs and expectations of customers, then there will be chances of declining its customer base and market share. It will diminish the sales and revenues of organization. Apart from this, if the expectations will be fulfilled by the company, then it will assist BHP in developing its customer base. Changing job designs Job design is a significant factor that is related to managing and organizing the tasks and responsibilities, so that it can assist the organization in accomplishing its overall objectives. This process also includes different methods and practices, which are very important for operating business operations smoothly (Christopher, 2016). Effective designing of job and duties is essential for completing the job successfully. There are several effects, which changes in job designing have on organization and its operations in the future. BHP Billiton may face various challenges due to changes in job designs. If there will be changes in the jobs and duties of employees at BHP Billiton, then they will feel demotivated and frustrated due to fluctuations in their job responsibilities. They will be less interested in performing their jobs and it will affect the processes and operations of organization. It will create issues in attaining major goals and objectives of organization. Employee retention and turnover ratio will lead to the higher expenses for the company and will be recognized as a threat for BHP Billiton (Galliers and Leidner, 2014). Furthermore, active changes in the jobs lead the employees to lower morale and frustration towards their job. It will affect the processes and operations of the company as the performance of employees will get affected by this. Thus, frequent changes in job designing will have adverse effects on BHP Billiton. Quality management Quality management is also considered as a significant factor that will carry the organization to the growth and success in competitive business environment. This factor is very important that assists the organization in offering satisfaction to potential customers. Each and every customer expects that organization offers quality products and services. If an organization will be able to attain this factor positively, then it will be profitable for the organization. It will assist the company in improving and enhancing its market share, creating brand equity and goodwill. Quality Management will assist BHP Billiton also in increasing its profitability and market share. The organization is offering metals, mining and petroleum services and it has various competitors in the Australian petroleum industry. Apart from these positive impacts, BHP Billiton will have some negative impacts, like; if BHP will not be successful to manage its quality of the products and services, then it will fac e several adverse consequences. For example, if the customers will not be satisfied with the products and services of BHP Billiton, then they will make steps to other brands like; BP Petroleum, Exxon Mobil etc. It will in turn decline the sale and market share of company (Heizer, 2016). The organization needs to consider and emphasize of the quality of its products and services. Global manufacturing Global manufacturing is the process that refers to the practices that a business organization manufactures the parts, assemblies, sub-assemblies and final products for other organizations. This process is completed by leveraging the cost, manufacturing capabilities, raw materials and effective supply chain system, which extends throughout the world. Global manufacturing can be very unfavorable for the organization in many cases. In the case of chosen business, BHP Billiton can manufacture the mining products and send them to other firms for purification and some other filtering objectives. It will be very expensive for the organization and it will increase the costs of goods sold (COGS) that will enhance the final prices of products. It will lead to decrease the demand for products and services of BHP Billiton (Hill and Hill, 2012). Eventually, it will adversely influence the market coverage and share of the company in Australian mining and petroleum industry. Impact of different areas of Operations Management Operations are the processes, which are adopted and implemented by an organization to attain its final objectives. The growth and success of an organization completely depends on management of its operations and business practices. There are various areas of operations, which are regarded very important in attaining growth and success for an organization. From all the operations, three areas are considered here to explain the impact of them on business of BHP Billiton (Hitt, Carnes and Xu, 2016). The following section of this report includes some areas of operation management in context of BHP Billiton. The chosen areas are, such as; supply chain design, resource management and goods and service design. It will explain that how these areas are impacts the growth and final success of the chosen organizations business. Supply Chain Design Supply chain management is an essential process for an organization, especially which is engaged in production and manufacturing activities. It is a process of managing products and services and comprises of storage and flow of raw material from work-in progress to final products. Supply chain process includes different areas, like; product flow, information flow, cash flow and process flow. Designing an effective supply chain system is an integral part of a business organization and it is very important for the delivery of products and growth and success of an organization. There are some advantages of supply chain design that will demonstrate the growth and success of BHP Billiton (Hoyle Rhiannon, 2017). From each and every organization, the customers have expectations that they receive right products and delivery should be done on predetermined time that will enhance the customer satisfaction level for organization. In addition, the products should be distributed to correct location in the given time period. Furthermore, after sales service is an extra specification that is needed to be considered by an organization to enhance the customer satisfaction level. These are the important factors, which will attract more and more customers and satisfy them with by adopting an effective and efficient supply chain system (Jacobs and Chase, 2013). With this, it will aid the growth of organization in todays competitive business environment. Supply chain system of an organization brings a variety of costs to decreasing level that are stated below; Purchasing costs: At BHP Billiton, supply chain design may impact the purchasing costs and bring it to decreasing level. Primarily, the retailers are dependent on the process of supply chain and fast delivery of costly products to avoid the storing expensive inventories in the stores for longer time. Along with this, making supply chain efforts can reduce the inventory costs for the organization (Johnson, Christensen and Kagermann, 2008). Moreover, manufacturers are also dependent on the delivery of raw materials to the manufacturing premises, so that they can avoid the shortage of material, because it can lead the production process to stop. There will be huge impact on the production and manufacturing process and eventually, it will affect the supply of products to customers and productivity and profitability of BHP Billiton will get affected by this. The raw materials from the suppliers are transformed to the finished goods through organizations assembling premises. These final products are transferred to transportation services and from transportation to retailers and then retailers to final consumers. However, supply chain systems of several manufacturers may have auxiliary, necessary and domestic suppliers (Kammar, 2016). Thus, effective designing of supply chain system is very important for an organization, so that it can manufacture the products and deliver them to customers on given time. Supply chain managem ent plays an important role in attracting the customers towards the organization, as they are more enticed by delivery of right product on right time. Goods and Service Design Products are the final results, which make the business organization able to generate the revenues and also support the organization in achieving goals and objectives. Goods and service design is the process of manufacturing a possible future product or service that includes its fit, form and function. Determining the best suitable method develops effective productivity and it is the best way for business operations (Khanna, 2015). Product and service design is a process of planning and organizing the human resources, organizational structure, communication process and components for enhancing the quality of products and services. For product and service design, it can be stated that it is the process of developing the products and services, which are to be sold by an organization to its customers. The products and services are the major factors, which are accountable for affecting the success and growth of the business operations of organization. Products are the supplies that are offered by a business entity after looking at the needs and expectations of their potential customers. Customer satisfaction level is totally dependent on various elements of products (Krajewski, Ritzman and Malhotra, 2013). One of the major factors of product is the designing the right products as per the needs and expectations of customers. This designing process refers to the identity of that product that develops a different image of that particular product in the marketplace. Furthermore, if BHP Billiton will focus on the development of products and services, then it will assist the organization in creating its better brand image in the mining and petroleum industry in Australia. In addition, it will help BHP Billiton in maintaining and achieving competitive advantage over its competitors. There are some specific factors of product and service design that assists the organization in increasing its profitability and possibility to get success. These factors for BHP Billiton are stated below; Increase in Market share The product and service design assists the business organization in enticing and affecting the customers. The product demand shows the market size of the business firm. As the company experiences increase in demand of products and services, the market share and coverage of that company will be higher over its competitors in the industry. BHP Billiton should engage in designing and developing the products according to the needs and preferences of customers, so that it can satisfy their demand (Li, 2007). It will enhance the demand for its mining and petroleum products and ultimately it will enhance the market share of BHP Billiton organization in Australian metals, mining and petroleum sector. An increased market share of the company shows its profitability and revenue generation capability and its market coverage over its competitors in respective industry. Increase in satisfaction level of customers As discussed above, that the customers are the king of market. This phrase is being repeated time to time by each and every organization. In todays competitive business world, this phrase actually positions true. The organization that has maximum customer satisfaction level has more chances for growth and success. The reason behind this is that if a firm measures its own customer satisfaction then it may assist it in optimally changing operations and marketing strategy. Customer satisfaction is the key for retaining the customers (Mahadevan, 2009). For achieving increased customer satisfaction level, it is essential to consider the needs and expectations of customers. If an organization manufactures and designs the products and services by considering the requirements and demands of customers, then it will provide them satisfaction. If the customer satisfaction level will be high, then it will enhance the repeat intention of customers to purchase the products from similar organizatio n. In addition, it will increase the brand loyalty of customers, which in-turn will hike the goodwill of company. Thus, customer satisfaction level is an important factor that is very beneficial for the growth and success of organization (Mangan, John, and Lalwani, 2016). BHP Billiton should emphasize on achieving maximum customers satisfaction level by considering their demands and needs. It will enhance the sales of company that will enhance the revenues and profitability of BHP Billiton. Increase in goodwill and brand equity Brand equity and good will are two major outcomes, which each and every firm wants to attain in its lifecycle. The firms make efforts to attain these both factors. Brand equity is regarded as an intangible asset that is determined by the perception of customers towards the brand and its products (McFarlane, 2014). A company can attain positive brand equity when its customers are ready to pay more for its products with well-identified brand name. Furthermore, goodwill is another intangible asset that includes value of company but it cannot be valued and recognized. Generally, goodwill is related to the acquisition of business. Good will and brand equity, both plays an important role in establishing brand image of an organization (Netessine Christopher, 2009). As mentioned in the above paragraph, it can be stated that there is a direct relationship among satisfaction level of customers and good will and brand equity of an organization. If the customer satisfaction will be high, good will and brand equity will be more than its competitors (Silva, 2005). BHP Billiton is a well-established organization in mining and petroleum industry and has a better goodwill and brand equity in the market. A higher goodwill indicates the strength of business organization and a strong business entity is considered to be more effective and successful. Resource Management Resource management is the effective and efficient management of resources of organization, when they are required. There are different resources, which are included in the category of organizational resources, like; human resources, financial resources, information technology resources, production resources, inventory etc. The resources are significant modes that can be used by an organization for generating revenues (Smith and Offodile, 2014). BHP Billiton is the international organization that possesses variety of resources and these resources are sectioned in different categories, for example, intangible and tangible resources. This is the major segmentation for a company that can be very beneficial for adopting and implementing different approaches and strategies of resource management. All of these resources are reflected as very important for organization and are accountable for the success and growth of business and its operations (Steenkamp, 2017). Resource management includ es the implementation of different methods and strategies that will make the organization able to optimally utilize the organizational resources. BHP Billiton has the major resources like; financial resources, human resources, information technology etc. Financial resources are the most important resources, which play an important role in the growth and success of organization. An organization can find out its profitability and revenue generation by looking at its financial resources. These resources make the company able to make more investment on best and modern promotional platforms and modes that will increase awareness of products and services among the population in the market. By utilizing financial resources, the organization will have ability to recruit the expertise and potential team that will serve the customers at their maximum extent (Swink, Melnyk, Cooper and Hartley, 2014). An organization with better financial stability will be able to buy a better quality of raw materials and finally it will assist the manufacturers in offer finished goods with high quality. Apart from this, human resources are other resources which are used as one of the major factors in order to manage resources. Human resources are the people, who are working with organization for attaining the goals and objectives of organization. Human resource management is the process of managing the people that right people are working on right position in order to achieve the organizational objectives. This process will serve the business of organization with the results, like; achievement of desired targets, enhancement of good will and brand equity. These resources are the most valuable resources of an organization and they are accountable for the implementation of business operations and strategies. If BHP Billiton will have well-organized human resources and workforce, then it will able to gain a higher competitive advantage over its existing competitors in Australian industry (Wynn, Turner, Banik and Duckworth, 2017). Goodwill and brand equity of an organization are the int angible resources, which need to be managed for attaining profits in the competitive business environment. These resources of an organization can be managed by delivery best quality products to the customers, so that they can achieve maximum customer level. Good will enables the organization in attracting more investors, who want to invest their funds in the company. It will attract more customers towards organizational products and services. Thus, the resource management at BHP Billiton can be reflected as very responsible and relevant constraints, which adds growth and success to the organization. Conclusion From the above analysis, it can be concluded that operation management is an aspect that should be considered a significant concept in order to achieve success and growth of an organization. The above report has been emphasized on the organization, i.e. BHP Billiton that deals in different business and operations like; metal, mining and petroleum. The organization is well-established in Australian industry. The report has included different issues, which may impact the success of chosen organization, like; changes in customer expectations, job design, quality management, globalization, global manufacturing. These challenges may impact the business operations of organization in the future. The organization needs to develop effective strategies to deal with these issues in todays competitive business environment. The next section of the report includes three areas of operation management which are very much important for the success of organization. There are various operations, from which three are chosen for this discussion, i.e. goods and service design, supply chain design and resource management. These areas off operations management contribute to the development and success of the business organization. Thus, the operations of BHP Billiton are also affected by these areas of operation management process. The Organization should develop some processes and strategies to handle all the processes of operations management. References Aaker, D.A. and Biel, A., 2013.Brand equity advertising: advertising's role in building strong brands. Psychology Press. Anderson, M.A., Anderson, E.J. and Parker, G., 2013.Operations management for dummies. John Wiley Sons. Aviv, Y., Lariviere, M. Terwiesch, C. 2009, "Operations management", Management Science Beardwell, J. and Thompson, A., 2014.Human resource management: a contemporary approach. Pearson Education. BHP, 2017, Our Approach, Retrieved from https://www.bhp.com/. 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Johnson, M.W., Christensen, C.M. and Kagermann, H., 2008. Reinventing your business model.Harvard business review,86(12), pp.57-68. Kammar, S, 2016, Advantages and disadvantages of job rotation/Job design, Retrieved from https://www.yourarticlelibrary.com/hrm/jobs/advantages-and-disadvantages-of-job-rotation-job-design/75368/. Khanna, R.B., 2015.Production and operations management. PHI Learning Pvt. Ltd. Krajewski, L.J., Ritzman, L.P. and Malhotra, M.K., 2013.Operations management: Processes and supply chains(Vol. 1). New York: Pearson. Li, L, 2007, Supply Chain Management. Singapore: World Scientific. Mahadevan, B, 2009, Operation Management: Theory and Practice, Pearson Education. Mangan, John, and Chandra Lalwani, 2016, Global logistics and supply chain management. John Wiley Sons. McFarlane, D.A., 2014. The Challenges of Operations Management for Business Managers.Int. J. Oper. Log. Manage,3(1), pp.16-29. Netessine, S. Christopher S, 2009, Consumer-driven demand and operations management models: a systematic study of information-technology-enabled sales mechanisms. New York, NY: Springer. Silva, A., 2005, The Ten Commandments of Quality Management: Best Practices to Develop New Leaders And Create a Quality Environment.USA: iUniverse. Smith, A.A. and Offodile, O.F., 2014. Green corporate initiatives: a case study of goods and service design.International Journal of Logistics Systems and Management,19(4), pp.417-443. Steenkamp, J.B., 2017. Global Brand Equity. InGlobal Brand Strategy(pp. 243-273). Palgrave Macmillan UK. Swink, M., Melnyk, S.A., Cooper, M.B. and Hartley, J.L, 2014, Managing operations across the supply chain(pp. 248-249), New York, NY: McGraw-Hill/Irwin. Wynn, M., Turner, P., Banik, A. and Duckworth, G., 2016. The impact of customer relationship management systems in small business enterprises.Strategic Change,25(6), pp.659-674.