Business Organizations; Employment Law Essay Example | Topics and Well Written Essays - 250 words

Business Organizations; Employment Law - Essay Example adequate oversight of the accountants was lacking, presence of conflict of interest by the stock analysts, inadequate funding of the Securities and Exchange Commission, lack of adequate disclosure of provisions and presence of corporate governance procedures that were weak. It has been argued that Adelphia’s acts, especially the move by the Rigas family of mixing the finances of the company with those of the company, represents one of the biggest cases of financial fraud in a publicly traded company. In 2004, the SEC filed suit against Adelphia Communications Corporations on charges of financial fraud. In a legal move labelled as the most comprehensive in financial fraud, members of the Rigas family were indicted together with a number of top executives. The charges included-corporate asset waste, RICO act violation, abuse of control, fraudulent conversion and conveyance of company assets, breach of fiduciary duties by the board of directors, and unjust enrichment by the management. The Adelphia Communications case, is one of the biggest cases of corporate malfeasance and has been responsible for the adoption of new business ethics and practices across the globe. Following the scandal, many companies across the globe have adopted stringent corporate codes of conduct, while governments have adopted greater measures to punish management staff from defrauding companies by sentencing guilty parties to life sentences and imposing hefty fines. Improvement and reform of corporate law has been mandated following the scandal. For example, the Corporate Reform Act 2002 empowers the SEC to promulgate professional codes of conduct for securities lawyers. It mandates securities lawyers to prevent violations of securities law by companies or a company employee breaching his/her fiduciary duty to shareholders. Additionally, the society in general has become more vigilant regarding the workings of corporate management and

Journal (Answer All questions) Essay Example | Topics and Well Written Essays - 1000 words

Journal (Answer All questions) - Essay Example Consequently, describes strategic management as question eight provides the similarities and the differences between military and business strategies. The second last question, describes strategic analysis, development and implementation; the last question provides my experience in relation to the group work. Discussion one Strategies are driven by numerical figures and wide extent of research and analysis of the results; the results are not based on biases, personal opinions or even individual/group’s perception but rather on the tested or expected outcomes. The idea of numerical figures and research in the formulation of strategies at organizational or individual level bring in the scientific dimension of strategies. Additionally, strategies may be considered as an art or craft owing to the fact that it is a tool applied at various managerial facets and it involves the formulation, instrumentation and the examination of various processes geared towards achieving certain goal s (Johnson et al, 2011). Discussion two Intended strategy applies to myriad organizational dimensions; it involves undertaking deliberate planning and execution of the planned courses of actions. In some occasions it may also be referred as deliberate strategy for instance humanitarian organization may formulate tools that will enable them deliver specific forms of assistance to victims of a disaster or industries may develop tools that will enable them fit in a competitive market. Tools used in intended strategy may include; objectives, visions as well as the application of a SWOT analysis process to enhance the achievement of the desired goal (Cooper, 2007). On the other hand, emergent strategies encompass a framework of actions arise over time in the process of implementing organizational plans without intended missions, objectives as well as visions. According to Mintzberg, it is described as ‘a realized pattern that was not intended’. For instance; an organization may realize certain imperative actions that may develop in the process of their operation which may also facilitate the achievement of their goals. Discussion Three The learning school strategy is among the ten schools of strategy; it is based on the idea that strategy is a tool that develops in the process of acquiring new ideas and skills concerning various organizational facets. For instance; an organization may be faced by various challenges in the process of its operation however, new ideas may emerge in the process that may assist in creating a solution to the problem (Bhatt, 2005). The other school of strategy is the position strategy that was developed by Michael Porter who believed that strategy is ascribed to the position of individual in a certain situation or the position of an organization in a certain market scenario which will influence its courses of action. For example; a high demand of commodities in the market may force an organization or an industry to raise the prices of its commodities (Bhatt, 2005). Discussion Four A strategist is a person with the intellectual capacity and skills to formulate a method through the combination of various ideas and perception in order to ensure that certain specific desired goals are achieved. The