Considerations for 21st Century Management and...

Considerations for 21st Century Management Organizational Cultures The four management themes are intriguing and challenging to current and future managers. People, especially those in leadership positions should always be looking for way to improve. One such method as suggested by the readings includes looking to other countries for new strategies, particularly those countries that are stable and relatively progressive. Such examples would include Switzerland, Sweden, and Japan. No matter what though, professionals should keep in mind that there is no one country that has all the answers in any field, whether the topic is management or otherwise. For example, though Japan has many aspects to their management tactics, relative to the United States of America, Japan is decades behind the progression of feminism, particularly with regard to corporate advancement. There have been measures taken to more fully integrate women in the corporate world and the workplace in general, but the action comes from a place of desperation for workers and not from a place of equality, justice, or respect. The Fukushima nuclear disaster--that whole scandal is not an example that others should emulate. Our victories are just as valuable as our errors. There are good and bad styles of management in every country. It is unwise to ignore the tactics, methods, or strategies from others, whether competitors or allies. If a strategy works and abides by an organizations ethical code, it should beShow MoreRelatedGalaxy Toys Case Study1613 Words   |  7 PagesAssignment 1 Role of the Manager and the Impact of Organizational Theories on Managers (Week 3) Patsy Colbert BMGT 364 6390 Management and Organization Theory (2178) September 10, 2017 Professor Charles Smith Introduction Galaxy Toys in Toledo Ohio, had a major shift in management problem, which cause managers to reevaluate their management approach. A general change in employee workplace values initiated management to modify the culture of increased competition. The advances in technologyRead MoreThe Classical School Of Thought1358 Words   |  6 PagesIntroduction Management styles have evolved over the years. Being able to adapt the management style to the needs of the organization is crucial for the continued success of the business. 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The Concepts Of Care Within An Area - 1504 Words

In this assignment the concepts of care will be described and applied to a nursing practice based within an area, focusing on the 6C s (Smail,2013;Watterson 2013a). The concept of the 6C s are fundamental as they enable service users to get the care they need as well as providing confidence for service providers, which they can demonstrate in practice. Firstly a brief description on the history behind the 6C s and an explanation on why and how they were brought into practice. Secondly a short description of each of the 6C s providing references to give a more depth understanding, including positives and negatives of the information given. Thirdly providing detail about two of the 6C s and applying them to a dementia practice, showing†¦show more content†¦The 6C s are now well grounded in health care to enable service users to feel encouraged to speak up about poor care, to prevent negligence in care again (England, 2014). The 6C s are Care, Compassion,Communication, Courage, Competence and Commitment. Watterson, (2013b) care is described as the core business and that the care provided not only helps an individual yet it improves the health and wellbeing of a whole community. Service providers promote care that puts clients first, allowing them to make the best choices towards their treatment and care that they will be delivered, resulting in correct, good level of care. Foulds,Timms, Barwell, and Gunning(2015) and Watterson(2013c) state that care is the key to nursing as the care provided helps a service user to improve the health of not just the individual, yet the whole community service users expect the best care possible and nurses and nursing staff are there to help provide and promote care that put service users as the main focus. Service providers also aim to involve patients, service users, families and careers to maximize the best standard of care they will receive. Overall, care is both service users and service providers working together to provide the best outcomes for the individual in need. Clarke (2014) describes Compassion to be care based on empathy, dignity and respect. Baillie, (2014) agrees with this and adds that compassion a key feature in how people rate their care, stating it

Australian Securities Investment Commission-Myassignmenthelp.Com

Question: Discuss About The Australian Securities Investment Commission? Answer: Introducation The case of ASIC v Lindberg [2012] VSC 332; 91 ACSR 640 is related to the breach of directors duties and the defendant director being negligent towards the operations of the organization. In this case the plaintiff was the Australian Securities and Investment Commission was the plaintiff and Mr Lindberg the Managing director of AWB LIMITED was the defendant. Civil penalty proceedings have been instituted by the ASIC against the defendant Mr Lindberg for the contraventions of the Corporation Act 2001 (Cth) (CA). The breach was related to the involvement of the director in wheat trade with Iraq for his organization through misusing Oil For food Program which was administrated by United Nations. The defendant director had been negligent over providing bribes to the government officials in Iraq in order to secure business deals. The director was found in this case to not apply diligence and care in relation to the operations of the company in Iraq and thus leading to loss for the company . The proceedings were commenced in late 2009 against the defendant; however the proceedings had been adjourned to ensure that AISC can amend its claim against the defendants[1]. There was a lengthy negotiation between the parties to the case as the hearing did not resume for the purpose of settling the proceedings. The defendant through the process of negotiation agreed formally that he had made four contraventions in relation to section 180(1) of the CA. The main admission was that with respect to the provisions of the section the defendant director was not able to deploy reasonable skill and care with respect to his obligations towards the organization and all other allegations against him had been dismissed[2]. The parties to the case have provided a statement related to the contraventions which have been admitted, the statement is in relation to the facts which have been agreed and submission which have been agreed on the relevant legal principles. The appropriate penalties in relation to the contraventions which have been agreed have also been submitted by the parties, which are a disqualification period of two years and a pecuniary penalty of $100000[3]. As a declaration of contravention cannot be made by consent of ASIC and the alleged director unless a basis is found by the court in relation to the facts that evidence satisfy the statutory requirements which signifies that the contraventions have been made. The burden of in this case is on the ASIC to prove the contraventions in relation to the balance of probabilities. The duties breached by the directors In the case of ASIC v Cassimaties the director have allegedly violated the provisions of the CA related to section 180(1). The section states that the directors and officers of an organization have the responsibility of implementing the best possible skills they have towards the company and continue the operations of the company with care and diligence. The actions of the directors and the other officers have to be in good faith and in best interest of the company. The section is said to be violated when a reasonable director placed in the same position and circumstances of the alleged violator of the duty would have not indulge in actions which had been done by the violator. To make it simple the actions of the alleged contravener of the section are compared to those of a reasonable person to analyze the actions were in the best interest of the company or not. If it is found that the reasonable person would not have done such actions which have been committed by the directors or officers than it is said that the duty have been violated. The test under section 180(1) has been used by various cases such in Australia such as the case of Shafron v Australian Securities and Investments Commission[4] and (ASIC) v Cassimatis[5]. Analysis of the decision The distinct feature in this case was that the contraventions made by the directors have already been admitted by the by and have been accepted by the ASIC. The penalties in relation to the contraventions have also been decided upon by the parties to this case. The role of the court in this case is only to determine that question that whether the statutory requirements to establish the contraventions have been meet or not. The parties in the case have wanted a pecuniary penalty of $100000 as they have stated that the contraventions made by the director are serious. The role of the court in this case is also to provide that the contravention made by the defendant is serious or not to result in pecuniary penalties[6]. In the case of Dean-Willcocks v Commissioner of Taxation[7] it was stated by Austin J that the court is never bound to the admission made by the parties to the case. In this case it was provided by the judge that the admission of the parties may be rejected by the court if it is found that the admissions seek a judgment which is not present naturally[8]. The judge in this case ruled that his task is to find out whether the evidence provided to him is enough to establish the breach of section 180(1) of the CA. the jurisdiction of the court is established by the making of a declaration in relation to pecuniary penalty order s per section 1317G and disqualification order under s206 (c)[9] The court provided that it is satisfied that the contravention of section 180(1) have been made by the defendant as have been admitted by him. All the contraventions are related to the admission of negligence by the directors towards his operations in relation to the company. The court also found that no contravention made by the director depicted that there was intention, moral turpitude or dishonesty of committing such actions. The court found that there was a failure on the part of the defendant to do his duties in relation to the company which a reasonable director would have done in the same circumstances. The court in this case also concluded the fact that the breaches which have been made by the directors were serious. The court also ruled that it believes that the asked penalties and suspension period is within the permissible rage also it is at the higher end of the range. The court therefore provided that the pecuniary penalty of $100000 along with the suspension period wer e appropriate to be provided to the parties of the case. This was because the court in relation to the first contravention of recovering Tigris debt found that the director have failed to undertake enquiries that the recovery in question was in accordance to the UN resolution and had been initiated with the approval or knowledge of the UN. The court found this on the basis of the evidence provided by the parties and therefore established the first contravention. The court was provided with the evidence that the non enquiry was for a certain period and which have been actually made after a certain time by the director. Therefore the contravention is an omission and not a contravention done knowingly[10]. The second contravention was related to failure of the director to notify the board of the company about the fact that as three former employees were not interviewed who had important information about AWB misusing the OFFP the project rose was limited. The evidence in relation to the contravention provided to the court depicts that the director had knowledge that the three former employees were likely to have relevant information. It was also within the knowledge of the director that the boards of AWB and AWBI had information in relation to the purpose of project rose. There is no evidence to show that a reasonable person would have given such information or not, however the court relied on the admission of the director to state that the contravention 2 also had been made. There was evidence to show that the director had lack of expertise in relation to investigation but still the director must have told the board about it. Thus the directors have been negligent and have not willfully violated duties in relation to the second contravention[11]. The third contravention was related to the fact that the director did not give information to the board that inflammation of price has been used to recover the Tigris Debt as per contract AI670 and AI680. The director also did not inform the board with respect to the agreement entered upon by the company with Tigris, or the payment to Tigris have been misdescribed by the agreement not as a debt but a fee along with describe the commission kept by AWBI as a success fee[12] The court in this case found that the contravention of section 180(1) had been made by the defendant director as he had failed not only to exercise his powers but also to discharge his duties in form of a managing director and chief executive of AWB with reasonable diligence and care which would have been done by a reasonable person in the same circumstances. This was because evidence provided by the parties provide that the director had been given the Tigris agreement but he was not able to read it or read it and failed to understand that it states that the money to be given to Tigris was described as a service fee. In the same way that of contravention 1 and 2 it is implied that a reasonable person would have properly read the agreement and understood its meaning and thus the contravention 3 under section 180(1) of the CA also has been established. The failure of the defendant to specifically provide information to the board that the Tigris Debt have been obtained through the use o f Inflation price as per contract 1670 and A 1680 from the Escrow Account of UN[13]. The contravention 4 in this case is related to the failure on the part of the director to provide information to the board that evidence had been received by the UN Independent Inquiry Committee with respect to OFFP (IIC) from former officials of the Iraqi Government. The information provided that Alia was used to direct funds to Iraq and kickbacks had been paid to all suppliers which included AWB who also made payment through Alia always. The evidence depicted that there was an actual failure on the part of the defendant to inform the board and thus like the other three contraventions the fount was also found to be made[14]. Take away points Even if the directors and the ASIC agree to the fact that contraventions have been made by the directors and also set out penalties for it the court in order to approve such penalties and contraventions the court have to be satisfied in relation to the statutory requirements. The declaration made and the penalties by the parties to the case are accepted by the courts if statutory requirements are made even if the penalties are at the higher end of the range. To avail pecuniary penalties serious breach have to be established References ASIC v Lindberg [2012] VSC 332; 91 ACSR 640 Australian Securities and Investments Commission v Cassimatis (No 8) - [2016] FCA 1023 Corporation Act 2001 (Cth) Shafron v ASIC [2012] HCA 18 [1] ASIC v Lindberg [2012] VSC 332; 91 ACSR 640 at [1] [2] ASIC v Lindberg [2012] VSC 332; 91 ACSR 640 at [2] [3] ASIC v Lindberg [2012] VSC 332; 91 ACSR 640 at [3] [4] [2012] HCA 18 [5] (No. 8) [2016] FCA 1023. [6] ASIC v Lindberg [2012] VSC 332; 91 ACSR 640 at [6] [7] (2004) 49 ACSR 325 (Dean-Willcocks). [8] ASIC v Lindberg [2012] VSC 332; 91 ACSR 640 at [8] [9] ASIC v Lindberg [2012] VSC 332; 91 ACSR 640 at [10] [10] ASIC v Lindberg [2012] VSC 332; 91 ACSR 640 at [26] [11] ASIC v Lindberg [2012] VSC 332; 91 ACSR 640 at [40] [12] ASIC v Lindberg [2012] VSC 332; 91 ACSR 640 at [45] [13] ASIC v Lindberg [2012] VSC 332; 91 ACSR 640 at [51] [14] ASIC v Lindberg [2012] VSC 332; 91 ACSR 640 at [65]