Types of ethic system frameworks: there are 5 types of ethical system frame work; Ethical frameworks provide guidance on how CFO can adopt in the decision making process when dealing with financial reporting decision based on the frameworks adopted. Various ethical frameworks may be used which include: 1. The non-cognitivism ethical approach argues that there are no objective ethics as moral statements are influenced by culture‚ beliefs and personal emotions. The concept of right and wrong are
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Human resources planning is a process that identifies current and future human resources needs for an organization to achieve it goals. Human resources planning should serve as a link between human resources management and the overall strategic plan of an organization. Aging worker populations in most western countries and growing demands for qualified workers in developing economies have underscored the importance of effective Human Resources Planning. As defined by Bulla and Scott (1994)‚ human
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The Impact of Culture on Human Resource Management Practices: An Empirical Research Finding in Indonesia Suharnomo-Diponegoro University-Indonesia +628156581301 Abstract The objective of the study is to investigate and analyze the influence of culture on human resource management practices. The research is expected to answer the importance question: Are HRM practices influenced by national culture or not? It is generally accepted that the practices of management is considered to be universal
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pp41-70. Scullion‚ H. and Linehan‚ M. (2005) International Human Resource Management: A Critical Text. England: Palgrave. Sparrow‚ P. Brewster‚ C. and Harris‚ H. (2004) Globalising Human Resource Management. NY: CIPD. Tayeb‚ M. (1998) ‘Transfer of HRM Practices Across Cultures: An American company in Scotland’‚ International Journal of Human Resource Management‚ vol. 9‚ issue 2‚ 332-58.
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A. Using the PESTEL framework‚ identify which of the factors are impacting the tourism industry in your country. B. Indicate also which of the factors that you have identified are most important and why. A. The PESTEL framework is designed to provide managers with an analytical tool to identify different macro-environmental factors that may affect business strategies and to assess how different environmental factors may influence business performance now and in the future. It includes
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Define regulatory arbitrage. Briefly discuss the new capital buffer requirements proposed under Basel 3. Regulatory Arbitrage This is a practice whereby firms capitalize on loopholes in regulatory systems in order to circumvent unfavourable/unprofitable regulation. Arbitrage opportunities may be accomplished by a variety of tactics‚ including restructuring transactions‚ financial engineering and geographic relocation. For example‚ a company may relocate its headquarters to a country with lower tax rules and favourable regulatory policies to
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The Impact of HRM After reviewing chapter 13 of Human Resource Management: Acquiring and Building Employees’ Skills and Capabilities; I have reached the conclusion that the best way to improve the management of human resource is to: • First place to start improvement would be to improve employee’s skills. Improving employee skills would be very beneficial to any company. Training is important as an employer I want to boost character‚ commitment‚ competence‚
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REGULATORY BODIES OF INDIA Financial Stability and Development council: The idea was first mooted in a committee headed by Raghuram Rajan in 1998. It is an apex regulatory body constituted by Government of India. It is an initiative to be better prepared for any future economic meltdown by regulating the economic assets. The aim of the body is to provide a stable financial sector development and inter-regulatory coordination. The body consists of: Chairperson: The Union Finance Minister of
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1. The "public comment" period closes on an OSHA proposed regulation‚ and your business had filed a public comment against the proposed regulation explaining that the regulation would not fix the problem that OSHA was trying to remedy‚ that the regulation would cost more than the problem itself‚ and that the regulation was a tax‚ not a safety change. List two arguments available to your company that may succeed in overturning the regulation. Answer: The proposed regulation would not fix the problem
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and cost effectiveness. Basically‚ the availability of information technology(IT) has not been the problem‚ but its identification‚ partition and prioritization by HR mangers to support their HR initiatives. There are three ways in which IT can impact human resource management i.e Operational‚ Relational and transformational. Application of IT in HR can help human capital to achieve competitive advantage. E-recruitment(online recruitment)is also a cost effective strategy. It attracts a diversified
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