Successful Business Build Teamwork and Trust - 4655 Words

Successful Businesses Build Teamwork and Trust Liberty University-BUSI-501 Tawanda Diaz Dr. Alen Badal Abstract In this literature review the author discusses why building teamwork and trust is important in the workplace, what trust is, groups versus individual, perception of team members, motivation and usage of rewards to motivate employees, and deviant behavior in the workplace. The author goes on to discusses how each concept relates to each other and gives a resolution to building teamwork and trust within a team, while taking proper precautions so that deviant behavior does not form. Introduction Building teamwork and trust are big issues in todays business world. The absence of trust makes it very hard , if not†¦show more content†¦Each member must recognize their strengths and manage their weakness in order for a team to function efficiently. This task can be difficult because most people do not want to admit they have a weakness or acknowledge strengths of others versus their own. Building trust within a team is not an easy task but a crucial task that leaders must achieve. A good leader must be willing to show their vulnerability in order to build trust and teamwork. The reason for this is because other people are unlikely to step forward if the leader’s vulnerability is not shown. This can be hard for a leader because most leaders believe they must always display strength and confidence. Nevertheless it is a leader’s confidence that allows a leader to admit their shortcomings and makes it easier for their followers to follow suit. If leaders insist on being correct all the time, it makes it very difficult for others to make suggestions and openly admit to their mistakes. This not only leads to mistrust between the leader and followers but it can lead to a stressful work environment. Many managers find team building activities helpful when trying to build team trust. Though many team building activities can be fun and interesting, they hold little value if they are not carefully planned and selected (Woodard, 2006). This is why management must choose team building activities wisely beforeShow MoreRelatedEffective Communication in Team Dynamics Essay1096 Words   |  5 PagesThroughout personal and business lives everyone will eventually work in a team setting. A team usually consists of three or more people who have a common goal or purpose. When working in a team, members have to decide what roles they will fill, plan their schedules for projects, and deal with upcoming team conflicts. Stewart, Sims M anz (1999) stated, â€Å"For a team to succeed, team members need to effectively communicate with one another† (p. 79). While each element of teamwork is important, effectiveRead MoreMotivation and Empowerment Essay1423 Words   |  6 Pagesfoundational value of trust† (Whisenand, 2009, p. 117). Having all four of these ingredients will give a person empowerment. An individual gaining trust is very important because it can show reliability, loyalty, integrity, and competency. â€Å"A person must require setting up a trust bank account (TBA) with other people. Each trustworthy action on your part is a deposit, and each untrustworthy action is a withdrawal on your account† (Whisenand, 2009, p.117). The individual must first trust in themselvesRead MorePersonal Accountability: A Study of Teamwork1118 Words   |  4 PagesPersonal Accountability: A Study of Teamwork Introduction The dictionary defines the term accountability as an obligation or willingness to take or accept responsibility for ones actions (Merriam Webster, 1). This term is, often time, elusive, especially in daily life. In theory, accountability helps society function, and function well, and for this reason, all must abide by certain rules and recognize when these rules have been broken but, in practice, this is not always so. This paperRead MoreMarketing Plan For Whole Foods Market1040 Words   |  5 Pagescommon goals, and foster a culture where appreciation is expressed openly with other team members (Duggan, n.d.). Creating a teamwork approach results in loyalty, trust, and cohesiveness, this leads to increased productivity for the organization (Duggan, n.d.) Achieving a team-based organization starts with the leaders characteristics. These characteristics should include trust, team empowerment, goal setting, team accountability, and shared leadership (Markovich, n.d.). Therefore, leaders that developsRead More The Essence of Teamwork Essay1442 Words   |  6 PagesThe Essence of Teamwork â€Å"Two are better than one, because they have a good reward for their hard work. For if one of them should fall, the other one can raise his partner up. But how will it be with just the one who falls when there is not another to raise him up?† – Ecclesiastes 4:9, 10 As the scriptural text quoted above implies, teamwork can accomplish what the individual cannot do on his or her own. Teamwork is defined as â€Å"a small number of people with complementary skills who are committedRead MoreA Brief Note On Occupational Health And Safety1473 Words   |  6 Pagesyourself) to deal with workers and their health and safety representatives in resolving health and safety issues at the workplace. Product Safety Sourcing products that are safe and comply with regulatory and industry standards is more than good business practice. It also means a safer Australian community. Consumers expect to shop on the basis of price and quality without fear of harm from the goods, even for less expensive products. Under the Australian Consumer Law, suppliers are responsibleRead MoreThe Workforce Of Today Is Made Up Of Individuals From Diverse Backgrounds1668 Words   |  7 Pagesthe significance of possessing the transferable skills such as teamwork. The reason has been the assumption that the mastery of the skills in the specific discipline can enable them to secure their dream position after graduation. However, given that the employees have a central role to play in the achievement of business goals and objectives, employers are increasingly placing more emphasis on skills such as communication, teamwork, and social responsibility (Schuele Madison, 2010). The principalRead MoreConceptualizing a New Product or Service Division of an Existing Business1290 Words   |  6 Pagesï » ¿ Business Model and Strategic Plan Part I: Conceptualizing a New Product or Service Division of an Existing Business Angela Mosier BUS/475 May 11, 2015 Elaine Boyle Strategic planning is a very important part of the success of any business. â€Å"Focusing a company requires thought. It won’t happen if you don’t make the time,† (Kenny, 2015). There is a great deal of planning and examining the company and the world around it in order to develop a solid and successful strategic plan. ThisRead MoreTeamwork Is Essential For Business Success1591 Words   |  7 Pagesworking together in a team can apply individual perspectives, experiences, and skills to solve complex problems and also creating new solutions and ideas that may be beyond the scope of any one individual. Teamwork is essential for business success: The adoption of teams has become essential to successful organizations of different kinds and sizes.Teams advantage associations by consolidating individuals who can accomplish objectives speedier and more viably through coordinated effort than can people workingRead MoreEssay on Organizational Management1583 Words   |  7 Pagesinvisible billboard and silent announcement proclaiming its rules of engagement. Culture is a groups particular ideas about authority, hierarchy and communication styles. Culture is shared values across an organization, along with consistent business-related (and to some degree social) ways of behaving that express those shared values. Aberdeen and Green River: Similarities, Differences and Challenges FMC North America is scattered among 89 separate facilities. FMC Aberdeen and FMC Green

The Black Jacobins A Response For Scott s Conscripts Of...

The Black Jacobins: A Response to Scott’s Conscripts of Modernity Whether under the form of ideological or material disciplining, enslavement represents the inaugural form of the Modern Caribbean. This form is to be understood as intractably linked to its always-already dialectical negation: emancipation. In this essay I offer a critical engagement with the treatment that these two categories receive in The Black Jacobins (C.L.R. James 1938) as analysed from the perspective of D. Scott’s Conscripts of Modernity (2004). To that effect, I shall proceed as follows: (i) I will deliver a succint account of the historical role played by the Jacobins vis-Ã  -vis the interlocution between the Haitian and the French revolutions. (ii) I will compare and contrast James’s discourse and Scott’s meta-discourse on these historical events. I shall do so by drawing upon the metaphor as the main figurative idiom through which black sovereignty is accounted for. (iii) I will bring on the table J.Austin’s distinction between locutionary, illocutionary and perlocutionary acts (1962) in order to show that while operating a successful anthropological and epistemological recalibration of postcolonial studies, Scott’s incurs three important mistakes throughout his argument: (iii.i) Not arguing independently for either his position on postcolonialism or his analysis of The Black Jacobins, since he mingles both elements within his argument, (iii.ii) considering the

Young Goodman Brown - 1121 Words

Young Goodman Brown 1. The two main settings in â€Å"Young Goodman Brown† are the forest and the colonial village of Salem, Massachusetts. The two different times of the setting are very important to the symbolization of the story. In the beginning of the story, Goodman Brown sets out on his journey at sunset; to set out at sunset it symbolized darkness, which in turn symbolizes evil. This presets the tone of the story. In the end when he is returning home, the time changes and it is daylight, and this symbolized innocence and a sort freedom from the terror he had just experienced. 2. The first seven paragraphs reveal that Goodman Brown and Faith have been only married for 3 months; making them newlyweds. Faith is young, beautiful,†¦show more content†¦This shows the puritan corruptibility of religion. 8. Whether Goodman Brown’s experiences were real or dreamt could be interpreted either way. The way the beginning starts so abruptly could easily lead you to belive that it was a dream. When the wife, says fretful for his well being and she mentions having bad dreams it could have been a clue from Hawthorne. Also Hawthorne, didn’t explain why Goodman Brown was entering a forest all of the sudden, and how he has come to be acquainted with the devil. These sudden events are a typical setting of a dream, because a dream doesn’t have to make sense. Regardless of whether it was a dream or not it doesn’t change what happened in the story. Goodman Browns new point of view and decisions are still the same either way. Hawthorne left this question open to the readers because it didnt make a difference to what happened to Goodman Brown. He would still think and act the same way he would if he was dreaming or awake. 9. No, because whether his dream was real or dreamt it doesn’t make a difference because it wouldn’t of change his decisions, actions, and loss of faith all throughout the story. He had a choice to go with evil or to stay true to his religion even though everyone else around him went withShow MoreRelatedYoung Goodman Brown1144 Words   |  5 PagesIn this extract from â€Å"Young Goodman Brown†, Nathaniel Hawthorne uses symbolism, imagery and point of view to depict Goodman Brown’s eventual journey from naivety in man’s purity of faith to recognition of man’s disposition to evil. It reveals Brown’s misplaced faith in man, who is deficient, instead of God. In the dialogue that ensues between the minister and Deacon Gookin, we learn of an impending meeting expecting participants hailing from â€Å"Falmouth and beyond... Indian powows† (HawthorneRead More Young Goodman Brown Essay1048 Words   |  5 Pages The main theme of the Nathaniel Hawthorne’s, â€Å" Young Goodman Brown,† is the struggle between Goodman Brown’s faith, power to resist his own evil impulses and his own doubts within him. It is a story of Young Goodman Brown’s personal conflict over his inner desires and its greater meaning conflict between good and evil in the world. The characteristics of Young Goodman Brown are similar to the life of Nathaniel Hawthorne. Nathaniel Hawthorne had his own doubts about his own Puritan life and beliefsRead MoreEssay on Young Goodman Brown769 Words   |  4 Pagesmain focus of the story â€Å"Young Goodman Brown† by Nathaniel Hawthorne is the triumph of evil over good. A supposedly good man is tempted by evil and allows himself to be converted into a man of evil. This is much like the situation that arises in Hawthorne’s The Scarlet Letter, where two people are tempted to sin and give in thus submitting themselves to the power of the devil. In this novel, the area where the devil resides is strictly parallel to that in â€Å"Young Goodman Brown†. nbsp;nbsp;nbsp;nbsp;nbsp;AsRead Moreyoung goodman brown Essay1058 Words   |  5 Pagesthe benefit of the afflicted†(5-6) and Young Goodman Brown, a fictional character created by Nathaniel Hawthorne, was written because a few male puritans wanted to publish a story to open up societies eyes and live in a more patriarchal society. Regardless of being a fictional character or a nonfiction, we get presented evidence in which both individuals experience problems that at the time the puritan society could relate too. While both Young Goodman Brown and Mary Rowlandson enter the forestRead MoreYoung Goodman Brown and the Lottery640 Words   |  3 PagesYoung Goodman Brown and the Lottery Symbolism Use In: Young Goodman Brown and The Lottery The authors, Shirley Jackson and Nathaniel Hawthorne, both frequently use symbols within their stories The Lottery and Young Goodman Brown. Symbols are utilized as an enhancement tool to stress the theme of each story. Hawthorne uses names and objects to enhance the theme, and Jackson mainly utilizes names to stress the theme, although she does have one object as a symbol of great importance to the themeRead MoreYoung Goodman Brown Analysis876 Words   |  4 PagesHawthorne’s story, â€Å"Young Goodman Brown,† appears to be a story about original sin with a lot of symbolism tied in to make it an allegory. An allegory is a story that can be interpreted in different ways to find the hidden meaning behind the symbolism in the story. The three thing s focused on throughout the short story is Faith, the forest that Goodman Brown takes his journey through, and the staff, which the old man who leads Goodman Brown on his way carries. The short story, â€Å"Young Goodman Brown,† uses severalRead MoreSummary Of Young Goodman Brown 1278 Words   |  6 PagesCharles F. Harris Kevin R. Martin ENG 102 T April 16, 2015 Young Goodman Brown Most people think that the majority of people walking the face of the earth are morally good with a few bad apples here and there. In the short story Young Goodman Brown, Nathaniel Hawthorne uses setting, characters, and plot to show how everyone can be drawn out of their usual character when they are governed by their evil desires. In this story, Hawthorne uses setting to show how people that commit evil will try andRead MoreYoung Goodman Brown Essay931 Words   |  4 PagesYoung Goodman Brown: Good versus Evil Throughout Young Goodman Brown and other works of Nathaniel Hawthorne, the themes of sin and guilt constantly reoccur. Like many authors, Hawthorne used events in his life as a basis for the stories that he wrote. Hawthorne felt that ones guilt does not die with him/her but is rather passed down through the generations. Hawthornes great-great uncle was one of the judges during the Salem witchcraft trials. Hawthorne felt a great sense of guilt because ofRead MoreAnalysis Of Young Goodman Brown 1285 Words   |  6 PagesPerceiÃŽ ½ed through the archetypal lens, the short story, Young Goodman Brown, by Nathaniel Hawthorne asserts the uniÃŽ ½ersal idea that eÃŽ ½il lurks within eÃŽ ½ery man. Taken as a whole, the work conÃŽ ½eys that humanity can easily fall ÃŽ ½ictim to innate selfish instincts as well as society’s damaging influences. The main character, Young Goodman Brown, treks on a journey that challenges him to uphold his innocence and his belief in a decent mankind as h e discoÃŽ ½ers corruption in people. The allegory—a storyRead MoreYoung Goodman Brown Essay1291 Words   |  6 PagesYoung Goodman Brown Goodman Browns actions in the story, Young Goodman Brown, are a key element to this storys theme. The author uses Goodman Browns movement in and out of the forest, as a method of symbolizing the theme of a symbolic journey into the depths of consciousness. As the hours of the night pass, Goodman Brown travels farther into the forest, and deeper into the depths of consciousness. This theme is present in many passages of the text. The story begins with the line, Young

Key Managerial Financial Accounting Skills -Myassignmenthelp.Com

Question: Discuss About The Key Managerial Financial Accounting Skills? Answer: Introducation The intention of the paper was to centre on impairment and supposition criteria implemented with respect to Incitec Pivot Limited for carrying out impairment tests based on assets. The paper has an objective of assorting process of impairment testing as well as related subjectivity in the procedure. In order to elucidate such processes, the annual report of the organization over the year end 30th June, 2015 was considered as this did not offer the annual report over a predefined period. Incitec Pivot Limited is associated with production and distribution of industrial explosives, fertilizers and industrial chemicals along with provision of associated services. The organization has its business segments in America, Asia Pacific and Corporate. The company produces ammonium phosphates and is a distributor of produced fertilized goods to wholesalers within Australia and the export market (Incitecpivot 2018). In addition, an asset is regarded as impaired if it has lesser market value in contrast to the carrying value. The assets which are referred to be impaired are tangible and this encompasses property, plant and equipment and goodwill which serve as an intangible asset. Once adjustments are conducted with impaired asset relied on carrying amount, loss is recorded in the income statement of the organization. At the time impairment is written off, these assets might have lesser carrying cost for some adjustments are recorded to be loss that might lead to reduced asset value (Hoskin, Fizzell and Cherry 2014). In alignment with Incitec Pivot Limited Companys annual report for the year 2015, the impairment testing for certain classes of assets is conducted. Goodwill and the intangible assets was not amortized devoid of the fact that these are evaluated in situations or instances which signifies that impairment of assets can be conducted in a situation where financial statements are examined in annual reports with costs deducted from impaired accumulated loss (Beatty and Liao 2014). These assets encompass plant, equipment and property as well as trade receivables which experiences impairment testing in case where there is an indication on carrying amount of assets which cannot be recovered. Incitec Pivot Limited implemented a two-step process in testing impairment. The initial step greatly centered on fair value that is related with reporting unit as well as carrying value that encompass the goodwill. In a case in which an operating units carrying value is high in comparison to fair value, the second step is related with conducting impairment test for entertaining existence of impairment loss amount (Cortesi et al. 2015). This second step is associated with implied fair value associated with reporting unit in consideration to carrying amount of units. In a condition where there is a decrease in implied fair value in contrast to carrying amount, some impairment charge existed in the amount linked with such excess. Moreover, this realized loss cannot be more than carrying amount of the assets. The organization took into consideration the below mentioned impairment expenses over the period ended on 30th June, 2015. Intangible assets as well as goodwill: With the passing years, the organization presented a total impairment of $61,223,000 ($116,207,000 - $54984000), from which $20,033,000 was mentioned to be software charges, $23,461,000 was mentioned for the consumer contracts and $6,829,000 is the record made in contrast to IRU in a situation where brands and goodwill is not associated with impairment (Hemmer and Labro 2016). Trade receivables: For the year 2015, the company focused on impairment loss allowance recording of around $17,487,000 in 2015 that happened to be $18,740,000 in 2014. Incitec Pivot Limited is involved in developing certain estimations and suppositions for the company was concerned for the upcoming years. The results from accounting estimations by definition can be recognized based on linked related results. Some anticipations and suppositions leads to emergence of risks which might lead to misstatements of material in carrying value of assets in the upcoming financial year (Horton 2018). This is elucidated through the accounts notes within which such type of opinions are needed. With the continuity of constant poor condition and market performance, evaluation based on recoverable amount focused on intangible assets and goodwill for cash generating units is carried out with calculations on vale in use. Additionally, such computations enable cash flow estimations through relying on financial forecast that is prepared by the management over the past five years. For calculations on value for use, some estimation is taken into account: Discount rates Growth rates by employing extrapolate cash flows rather than the forecasted period EBITDA/ Sales margin In adherence to IAS 36 Impairment of Assets, it is observed that this particular IFRS standard needs some subjective analysis based on which it can be implemented as per the requirements of the management. Additionally, this did not support restriction of creative accounting (Hoskin, Fizzell and Cherry 2014). This has been found out that the annual report of Incitec Pivot Limited which has significant subjectivity related with management time case conducted the process of impairment test. This is because of the reason that an organizations management might be used while initiating opportunistic goodwill impairment test. This can be supported through goodwill allocation within all cash generating units with the calculation of recoverable amount in a situation where there is no active goodwill prices associated with discretion subject. With an elaborated evaluation it is considered that some complex or confessing factor associated with impairment is linked with indication of impairment. Other than this situation indications rely on internal along with external considerations in account for asset impairment, continuity of implementing (Hoskin, Fizzell and Cherry 2014). In such case, these tests for goodwill and the tangible assets is deemed to rely in managements discretion. For such factors there is an increased opportunity for the management to conduct an opportunistic test in a situation where there are variations in value. This was gathered that impairment loss serves as a difference between recoverable amounts of specific assets along with carrying amount of these assets. The recoverable asset is observed to remain increased among fair value asset disposal cost and value in use (Weygandt, Kimmel and Kieso 2015). Fair value is elaborated through taking an instance of asset in active market or sales agreement in which trading of asset is carried out. Moreover, existence of vital information within an organization through disclosure of amount can experience asset sales. On the contrary, the value in use can be recognised as upcoming cash flows present value which is observed to be attained from asset or CGU in adherence to IAS 36. IFRS 13 accounting standard, fair value is elucidated through the points mentioned under: In active market, there exist asset value within asset trading which is conducted Sales agreement Presence of effective information for disclosure of amount within which organizations can support the asset sales. For such reasons, fair value can be denoted as selling price which is considered from the part of the seller along with acquirer by making sure that every party is associated with the free transactions. Numerous investments achieved fair value that is ensured from the part of the market in which security trading is accomplished. Moreover, fair value elucidates a businesss assets and liabilities value in comparison to financial statements of a subsidiary firm which is consolidated with a big organization (Weygandt, Kimmel and Kieso 2015). For instance, in a situation where there is an organizations stock trading in the exchange, all the market players provides a bid by asking price of the same share. In this scenario, the investors carry out stock selling to the market leader in a bidding price along with attaining shares from the market players at an ask price. In account of this, it can be inferred that exchange might serve as a dependable technique of ensuring shares fair value con sideration. Approximately 50% of business firms those consider using IFRS or US GAAP gets affected because of certain changes in accounting. Based on such status, the businesses aligning with IFRS or US GAAP standards attain leased commitments along with $2.3 million assets based on which 85% are positioned in annual report (Macve 2015). They are also deemed as a part of operating lease. For paying compensation on this, the investors basically consider that evaluation is inconsistent, incomparable and inaccurate. In account for this, it has been revealed that the past standards of accounting failed to explain economic reality. Majority of businesses took into consideration all prior accounting standard and specified that 85% of leases amount to the operating leases. Conversely, it also did not represent the aspects those are explained within the financial statement position. In case the operating leases are not recorded within the companys financial statement there will be drastic generation of real liabilities (Weygandt, Kimmel and Kieso 2015). Due to such fact, at the time financial crisis took place most of the renowned retail businesses experienced heavy loss for they were not capable to address new economic reality in a better way. In addition, these businesses have a good fraction of commitments focussing on areas of long term operating leases as well as having lean annual reports. For this reason, the companies lease liabilities in off balance sheet arrangements is depicted to be higher than 66 times in contrast to debt values in the balance sheet statement. Previous accounting process which takes into account lease can lead to loss of comparability. The industry has observed most of its leases to be a fraction of operating lease and this record is not sustained in the annual report of the firm. Conversely, the firm linked with leasing is not observed to be identical for its business rivals having some financial obligations in two kings of these companies are not similar (Weygandt, Kimmel and Kieso 2015). Such situation denotes that there is an increased deficiency of level playing field in such organizations. After commencement of a new standard, every lease can be mentioned in the form of asset and these leases can function as a liability factor. However, it is estimated that dealing with such concerns is achievable. Some variations in accounting standard are deemed to have a drastic effect on most of the listed organizations and these are well established in all the organizations. The reason behind this is that some variations might cause numerous controversies. Moreover, this can result in warning effects along with negative economic effects as well as expenses related with alterations in the system. Additionally, some changes might pose drastic commercial purposes effects (Kim and Schmidgall 2017). For example, alterations in banking covenants in addition to contractual agreements associated with annual report of a business that encompasses profit targets in the direction of arranging bonus payment to staff. Gearing ration might be necessary for achieving revisions before the initiation of a new standard. However, every department in the firm needs achieving an opinion concerning changes effect. This takes into account human resource, finance, and information technology and investor relations department having asset procurement. These considerations might result in popularity ad they are deemed as aspects causing adverse impact on new accounting standards reputation. In alignment with innovative standard of accounting, this has been explained that most of the businesses are deemed as operating leases and as a fraction of the companys off balance sheet. Due to the same, users of financial statement and investors might not achieve a better viewpoint on financial situation of the business (Kahng 2015). This does not enable them to differentiate between leasing of the business assets along with purchasing assets of the business. Moreover, such new standard is focussed on developing IFRS 16 and it is also forecasted that this can result offering of expenses. In addition, it can result in increasingly well-versed decisions related with investment. It can be signified that the leases that do not consider purchase decisions in a better way can be a part of the management. References Beatty, A. and Liao, S., 2014. Financial accounting in the banking industry: A review of the empirical literature.Journal of Accounting and Economics,58(2), pp.339-383. Cortesi, A., Tettamanzi, P., Scaccabarozzi, U., Spertini, I. and Castoldi, S., 2015.Advanced Financial Accounting: Financial Statement AnalysisAccounting IssuesGroup Accounts. EGEA spa. Hemmer, T. and Labro, E., 2016. Productions and Operations Management Management Accounting. Horton, J., 2018.Advanced Financial Accounting and Reporting: Theory, Practice and Evidence. Routledge. Hoskin, R.E., Fizzell, M.R. and Cherry, D.C., 2014.Financial Accounting: a user perspective. Wiley Global Education. Incitecpivot, 2018. [online] Available at: https://www.incitecpivot.com.au/~/media/Files/IPL/Sustainability/2016%20Sustainability%20Report/IPL_2016_Annual%20Report.pdf [Accessed 23 Jan. 2018]. Kahng, L., 2015. Perspectives on the Relationship between Tax and Financial Accounting. Kim, M. and Schmidgall, R.S., 2017. Key managerial and financial accounting skills for private club managers: Comparison to lodging managers.International Journal of Hospitality Tourism Administration, pp.1-21. Macve, R., 2015.A Conceptual Framework for Financial Accounting and Reporting: Vision, Tool, Or Threat?. Routledge. Weygandt, J.J., Kimmel, P.D. and Kieso, D.E., 2015.Financial Managerial Accounting. John Wiley Sons.