ENTERPRISE-WIDE RESOURCE MANAGEMENT (ERP) BEST PRACTICES Essay

ENTERPRISE-WIDE RESOURCE MANAGEMENT (ERP) BEST PRACTICES - Essay Example Hence, the essay intends to review and present the assessment of the Delphi study on Enterprise Resource Planning (ERP) towards assessing impact of ERP in the supply chain management (Akkermans et al., 2003). The review of the article propounded that ERP plays a vital role in the process of SCM of an organization. In the article, few prominent aspects regarding ERP in supply chain management are highlighted. The first aspect deals with the various problems that may arise in the near future, if enterprise resource planning gets implemented in the process of SCM. Accordingly, it has been postulated that the delivery of products gets integrated between suppliers and consumers in the process of supply chain. Thus, a need to enhance supply chain process is advocated due to the due to consistent change as per the requirements of the suppliers and customers. It has been argued that excess time is consumed in the supply chain process and inventory management. The second aspect is associated with the effectiveness of ERP in the enterprise-wide resource management. Accordingly, it has been determined that ERP not only deliver positive involvement in the four issues of the supply chain, but it also provides support towards the enhancement in customization of goods and services. In addition, the review of the article revealed that ERP leads towards increasing the level in the process of supply chain and information management. It also linked world-wide market through the support of IT systems and generates transparency of the market. At the same time, the review of the article rendered few major limitations of ERP implementation that may hinder the smooth functioning of supply chain process (Akkermans et al., 2003). The exploratory findings by European executives lead to the justification that implementing ERP in the supply chain management renders positive impact on the growth of an organization as well as it creates hindrances in terms of strategic businesses.

Agency theory and corporate governance Assignment

Agency theory and corporate governance - Assignment Example Involving a series of intentional fraud and corruption, the Enron, Worldcom, Northern Rock and Bank of Credit and Commerce International scandals were just a few of the biggest financial scandals ever recorded for the last two decades. Intervention of regulatory authorities and shareholders for corporate governance increased (Burton, 2000) in a way that provoked the initiation of several conventions -- particularly notable are the Cadbury (1992), Greenbury (1995) reports and the Combined Code (1998). In this light, this paper determines whether the actual and strict compliance to the code, while may not be legally binding, had in a way assisted in improving corporate governance among listed companies. The Combined Code for UK Listed Companies It was following the bankruptcy of a large UK company, Polly Peck, the defunct of the Bank of Credit and Commerce International, and the fraud committed by Robert Maxwell when the Cadbury Commission was founded in 1992 and provoked the issuance of the code of best practice for corporate governance, the Cadbury Code (Davidson, 2008). The Cadbury Code clearly laid out the framework for corporate governance in the guise of accountability, integrity, or honesty (Applied Corporate Governance, 2009). The Greenbury Code, on the other hand, centered on the director’s remuneration and its lack of transparency . The Combined Code, a result of both the Cadbury (1992) and Greenbury (1995) codes (hence the name), includes the best practices for corporate governance specifically with regard to the quality of the board, division of offices of the chairman and the managing director, balance of the executives and the non-executives, remuneration of directors, and the nomination committee (Sealy & Worthington, 2007). As opposed to the previous codes, the combined code employs principles (Davidson, 2008). In the Cadbury convention, the most notable aspect which the Combined Code adopted was its approach on ‘compliance and explan ation’ in a way that the listed firms should report the extent to which they have complied with the code and/or explain any form of non-compliance (Sealy & Worthington, 2007). This approach does not only produce external impacts but also importantly internal impacts for it allows a firm to identify which parts or principles of the code worked best for the company and what did not. As a head start, regulatory authorities may now be able to determine which parts of the code are faulty or that do not yield positive results. Added to strict rules and requirements for capital and liquidity, the said approach will define the most effective method for corporate governance (Walker, n.d. as cited in Haddrill, n.d.). Although the Cadbury report and the succeeding ones do not bind companies into a legal obligation, it has become habitual among listed companies in that the Stock Exchange deems it necessary (Sealy & Worthington, 2007). The Combined Code ensures that all constituents in th e corporation incur optimal gains and minimal losses in the course of maximizing profit and reducing costs. In essence, the concept of corporate governance seems easy to apply. In practice, however, the connectedness between the shareholders and the managers for the most part creates conflicts of interests -- the agency problem. The abstraction arising from contracts allows agents (e.g. managers) to act in effort to benefit from an endeavor that may, in turn, work against the favor or interests of the principal (e.g. shareholders). Effectiveness of the Combined Code in

The Impact of Globalization on the Global Economy and Global Business Assignment

The Impact of Globalization on the Global Economy and Global Business - Assignment Example From this paper it is clear that the Westphalian model of nationhood allowed different groups to form nations and maintain some degree of autonomy. The autonomy led to the creation of sovereign governments that were recognized locally in the nation and also internationally under the Westphalian treaty. Under this model, people and businesses had to be done within the confines of a given nation or state. In order to do any business elsewhere, the business needed to take up a charter or a kind of permit in the foreign jurisdiction. This provided serious restrictions for doing business borders. The Age of Exploration was pioneered by European sailors mainly from the Iberian nations of Spain and Portugal who found ways of reaching other nations by sea. This led to colonization and several international grasp of lands in foreign territories. In this era, businesses were organized strictly according to national lines and it was only the governments of the respective European nations who co ntrolled affairs in the overseas territories they had acquired. This led to serious tensions that led to several wars in the past three hundred years. The largest and most destructive of these wars fought over the control of national interests was the Second World War which was fought on the basis of trade restrictions and control of foreign territories. After the Second World War, the United Nations was formed to seek peaceful means of resolving issues and the promotion of human rights and the improvement of lives for people in societies around the world. Towards Modern Globalization The United Nations and other related entities like the IMF and World Bank set the foundation for the integration of nations and the unification of purpose of different businesses from different parts of the world. This marked the move towards the globalization that we have today. Globalization for the most part refers to the worldwide exchange of resources between nations and communities without restri ctions. As the study outlines globalization best refers to the elimination of borders and the disappearance of national restrictions on trade and other economic activities. Globalization has encouraged the harmonization of standards across borders and this has led to the maintenance of common systems and structures that aim at providing the best results for nations and peoples in different parts of the world. Globalization has affected global business and global economy in several ways. In other words, globalization has changed the world from the previous Westphalian model where citizens and businesses from nations could not operate in other nations without strict restrictions and limitations. There have been several changes that globalization has created in the general sense as well as the macroeconomic and microeconomic levels. General Trends of Globalization that Affects Businesses The fact that globalization, powered by the United Nations was inspired by the need to protect human rights and the dignity of people has led to a high degree of social consciousness.

Legal Memo Thesis Proposal Example | Topics and Well Written Essays - 750 words

Legal Memo - Thesis Proposal Example In Blair v. Tynes, 610 So.2d 956, 960 (La.Ct.App. 1st Cir.1992), it was held by the court that people who suffered psychological distress on account of the failure of the enforcement authorities, to uphold law and order, could claim damages for serious mental distress. The tort of severe emotional distress, aims to provide recoverable damages for those who have undergone mental anguish, grief or fright due to the acts of another person. The factors necessary to establish this tort are ambiguous, which explains the divergent court decisions. As such, this tort attempts to ensure that the members of a civilized society are not exposed to behavior that is emotionally distressing and outrageous. To claim damages under La. C. C. art 2315.6, for intentional infliction of emotional distress, the plaintiff has to prove that she had suffered a traumatic injury that resulted in mental distress. For the purposes of this tort of intentional infliction of emotional distress, the conduct should be so extreme and outrageous that all possible limits of decency are crossed. In addition, such conduct should be atrocious and absolutely intolerable in any civilized society. In Donnie Norred and Wife, Shirley Norred and Arlen J. Guidry and Wife, Linda J. Guidry v. Radisson Hotel Corporation and Radisson Hotels International, Inc., 95 0748 (La.App. 1 Cir. 12/15/95); 665 So. 2d 753, a wife claimed damages against a hotel, where her husband had been robbed. Her claim was for emotional distress caused by the incident. The court held that she could not claim such damages, as she could not establish that she had undergone genuine and serious emotional distress. As such, she had not been present during the robbery. In Estate of Rayo Lejeune v. Rayne Branch Hospital., 88-890 (La. App. 3 Cir. 2/10/89); 539 So. 2d 849, a wife claimed damages for the mental anguish caused to her, when she saw her comatose husband covered with rat bites in the hospital. Supreme Court

Telepresence is Finally Coming of Age Essay Example | Topics and Well Written Essays - 1000 words

Telepresence is Finally Coming of Age - Essay Example Similar to face-to-face interactions, telepresence meetings allow users to view one another and the tension to stay attentive and engaged occurs. For most offices, such an innovation would prove the ideal solution (Shein 2010). Clearly, the abilities of the technology might form an experience that feels very realistic. However, users must question whether the experience is similar in quality to real human communication. As a result, prior to continuing to grow telepresence technology, an organization must take its effect on human communication and relationship quality into account. a. Apart from the travel cost savings mentioned in the case study, two less tangible advantages for applying telepresence over the travel alternative are the quality of the life of a worker and ecological footprint. These merits are not effortlessly weighted or valued. As a result, I will offer and reference conformist approximations in this research to support my answers. These kinds of innovations are only possible because of the functionality of grids, particularly telecommunications (Shein 2010). b. Levels of stress affect human health significantly. Researchers surveyed traveling businesspersons in 2000 who recorded 80% more clinical claims than those who are stationary (Shein 2010). Consequently, clinical claims can result in lost work output at the workplace. Between 60 and 90% of grievances made by patients and taken to doctors are about stress (Shein 2010). Researcher Dr. Herbert Benson says three of the most widespread symptoms, headaches, serious pain, and hypertension, account for more than half of lost incomes from absenteeism. It is logical to presume that retain workers in their homes as much as possible to prevent increases in their stress levels (Shein 2010).  

Social Media Individual Assignment Essay Example | Topics and Well Written Essays - 500 words - 1

Social Media Individual Assignment - Essay Example These regulations could also be functional to social networks. The following are a list of guidelines firms can use to check social network usage in the office. 1) Competence: notify employees that they must not utilize any social media instrument unless they actually comprehend how it operates. 2) Purpose: remind workers that corporation communications and information system technology are created and purposed for work, not for individual use (Bennett 1-2). 3) Integrity: remind workers that the corporation expects moral and honest behavior from its entire staff, at all times. 4) Appropriate Content: remind workers that any digital communications and social media activities for job-associated purposes must uphold and reflect on the companys values for professionalism. 5) Confidential Information: state clearly those employees must conform to all company rules covering secret information and business secrets (Bennett 1-2). 6) Links: reprove employees not to give links to the firms int ernal or external websites from their individual social networking pages. 7) Endorsements: notify workers that posting statements concerning the companys products and services may be regarded promotion and should be authorized by firm’s officials. 8) Time: company must restrict time employees use social media network so as not to interfere with their work (Bennett 1-2). Social computing sites are a threat to security. Phishing and malware are grave worries in the customer space, and their threat handled in the corporate space (Ghandi 1-2).   Corporate social media are ideal entry points for these risks. Social media make it easier for individuals to form links, comprehend relationships and influence connections in the company (Ghandi 1-2). Yes, social media network can tarnish a firm’s reputation. Web 2.0 offers tools and chances for employees to disclose sensitive data easily, whether deliberately or not they pose risks to security. These risks

Reality in the eye of representation Assignment

Reality in the eye of representation - Assignment Example The paper "Reality in the eye of representation" through analysis of various works produced in the eighties will give a clear picture of whether representation is a copy of reality or reality is a mere effect of representation. The use of signs in place of something else is known as representation. An artist can represent the world and reality through simple acts giving its element some unique attributes. The signs are thus organized in some kind of semantic construction and show relations. For example, both modern and ancient philosophers consider a man as a representative of all animals. The term representation can therefore be used to give various meanings such resemble or look like. It can also be used to stand for an object or individual. Representation therefore helps stimulate sensory information pertaining to an individual or item as described through a medium used. How perfect a representation look like the intended object depends on resolution that an artist assigns on the art and the word choice. Influence that presentation has on reality and the opposite of the same was a typical 1980s concern in art. Many arts were used to critique popular traditions. In 1980s videos portrayed the structural experiments of the past decades as political influenced. The arts instead looked to critique the social and economic premise on which the television was invented. The artist argued that the videos looked like TV shows though with something missing. The critique of representation became more popular.