assumption underlying the free market perspective is that accounting information should be treated like other goods‚ and demand and supply forces should be allowed to freely operate to generate an optimal supply of information about an entity. There are four main arguments that have been used to support this perspective. According to Smith and watts (1982)‚ even in the absence of regulation‚ there are private economics-based incentives for the organisation to provide credible information about its operations
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How to Empower Employees In today’s marketplace it is more important than ever to implement employee empowerment policies in order to keep a competitive advantage. An empowered employee feels in control of their position‚ as well as a valued member of their organization. These employees have a sense of job enrichment which creates a more productive work environment for them‚ as well as their coworkers. Employee empowerment is a way to allot power in the company while raising productivity and creating
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Treat employees fairly There are concrete reasons managers should treat employees fairly. Arbitrators and the courts will consider the fairness of the employer’s disciplinary procedures when reviewing disciplinary decisions. Fairness also relates to wide range of positive employee outcomes. These include enhanced employee commitment and enhanced satisfaction with the organization‚ job‚ and the leader and more’ organizational citizenship behaviors’ ( the steps employees take to support their employers’
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Define politics‚ state and explain five approaches to the study of politics. The word politics is an area of great contestation by scholars‚ academia and even practitioners of politics‚ arguably there is no universally agreed upon definition of the term politics‚ in other words different scholars have come up with different definitions when they were defining the word politics. However the word politics cannot be defined by a single definition because it is very complex and thus an attempt will
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Managing Emotional Employees Managers often feel that the employee emotional issues are their personal and they should be able to handle it themselves. This is the reason why most of them don’t interfere in the internal affairs of the employees who are under distress. But as a result of this emotional distress‚ the employees are able to focus less on their work and hence their productivity also decreases. The managers can act pro-actively in this case and help the employees deal with the emotional
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…People” 5 6 1 Why is knowledge a strategic resource? continued Recall discussions in Topic 2: Capabilities are based on the development‚ transmission and exchange or sharing of information and knowledge as carried out by the firm’s employees The knowledge-strategy link What firm must know Knowledge–Strategy Link Therefore‚ knowledge is the fundamental basis of competition Knowledge Gap It allows organisations to
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Chief Information Security Officer The chief information security officer is there to examine and respond to a number of things. There are different functions which are performed by the CISO of the organization. It is clear from its name that the role of the CISO is a leader of the whole IT security. Functions of CISO There are a number of critical functions of CISO which he needs to be performing in the organization. For example if something goes wrong and a breach happens in the organization
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ASSIGNMENT TITLE: Developing effective teamwork in organizations by considering the organizational structure‚ culture‚ employees’ Motivational and leadership aspects. LEARNING OUTCOME 1 TASK 1a AN ORGANISATIONAL STRUCTURE There are many different opinions and definitions of organizational structure. Structure in a sense is the arrangement of the functions used to do the work. Thompson said the structure "is the inner structure of the differentiation and the relations." He referred to the structure
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The Unexpected Collapse of Enron Colleen Long LDR/531 April 3‚ 2010 Kemit Grafton The Unexpected Collapse of Enron Beginning in 1985‚ Enron was formed through a merger of Houston Natural Gas and Internorth‚ Enron Corporation. It was the first nationwide natural gas pipeline network‚ which shifted its focus from regulate transportation of natural gas to unregulated energy trading markets. Enron was a huge company that traded electricity‚ oil‚ gas‚ plastics‚ and other variables
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How to Manage Employees The competition between the enterprises in the final analysis is competition. How to effectively stimulate the enthusiasm of employees‚ make employees more loyal to the enterprise‚ to finish the work? The competition between the enterprises in the final analysis is competition. How to effectively stimulate the enthusiasm of employees‚ make employees more loyal to the enterprise‚ to finish the work‚ is each enterprise leaders and often pointless to solve a problem. A‚ focusing
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