2. Why is evaluating training an important part of strategic training? Effective training requires the use of a systematic training process. Evaluation of training is one part of this‚ it allows you Measure training outcomes and Compare outcome to training objectives and criteria. Evaluation of training compares the post-training results to the pre-training objectives of managers‚ trainers‚ and trainees. Too often‚ training is conducted with little thought of measuring and evaluating it later
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1. Activity Based Costing benefits businesses that are more complex in nature. In this case‚ Greetings. INC has added a new product line‚ Wall Decor‚ which permits them to grow without expanding their physical stores; however‚ they have significantly raised their overhead costs by multiplying their cost drivers. Not to mention the fact that they have incorporated a largely automated system into their product line‚ which we know calls for an ABC system. The main reason to move to ABC though‚ would
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a. Explain the technology or innovation introduced in the cases. Cannon knew that his compact echo machine‚ which he carried under his arm by a single handle‚ would have to perform competitively in a room filled with state-of-the-art echo machines made by long-standing competitors such as Hewlett Packard -- each machine weighing more than the average NFL linesman and costing nearly a quarter of a million dollars. To view the functioning of the heart‚ the face of the transducer‚ which was
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Part A - Acceptable Audit Risk and Engagement Risk Issues: External users’ reliance on financial statements: Pinnacle Manufacturing Company is a privately owned‚ however it relays on loans and has a substantial amount of debt. For that reason‚ the financial statements are extremely useful to investors. Pinnacle management is planning to sell their Machine – Tech division if profits don’t increase in the coming years. If Pinnacle sells‚ the financial statements will be extremely important
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Case Problem: Blades‚ Inc. 1. One point of concern for you is that there is a tradeoff between the higher interest rates in Thailand and the delayed conversion of baht into dollars. Explain what this means. ANSWER: If the net baht-denominated cash flows are converted into dollars today‚ Blades is not subject to any future depreciation of the baht that would result in less dollar cash flows. 2. If the net baht received from the Thailand operation are invested in Thailand‚ how will
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Strategic Plan Part III: Financial Planning Strategic Plan Part III: Financial Planning Financial planning according to business dictionary is the “Long-term profit planning aimed at generating greater return on assets‚ growth in market share‚ and at solving foreseeable problems” (Businessdictionary.com‚ 2015‚ p. 1). Organizations that are in the process of preparing strategies for the firm must prepare a financial plan detailing the budget necessary to achieve the strategies. In addition‚ in
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Implementation of Six Sigma in Indian industries – a Delphi study R.K. Padhy and S. Sahu* Department of Industrial Engg. & Mgmt.‚ Indian Institute of Technology‚ Kharagpur-721302‚ India E-mail: rkpadhy@iem.iitkgp.ernet.in E-mail: sahus@mech.iitkgp.ernet.in *Corresponding author R.K. Das Department of Mechanical Engg.‚ College of Engg. & Technology‚ Bhubaneswar-751003‚ India E-mail: ranjitdas@gmail.com Abstract: A Delphi study was carried out to review and analyse the critical issues that affect Six Sigma
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In any business organization‚ strategic planning is essential in laying a path in order to achieve its objectives. Though strategic and financial planning is aimed at achieving the organization’s objectives‚ it is important to note that they are different. Strategic planning focuses on the determination of the direction a business organization should take and the goals for the business as well as how these goals can be achieved. Financial planning on the other hand is concerned with management of
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Executive Summary: Par‚ Inc has developed a new coating designed to resist cuts and provide a more durable ball. One concern for Par‚ Inc was the effect of the new coating on driving distances. Par would like the new cut-resistant ball to offer driving distances comparable to those of the current-model golf ball. To compare the driving distances for the two balls‚ 40 balls of both new and current models were subjected to distance test. The testing was performed with a mechanical hitting machine
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The most concerning issue is the way Live Well Inc. deal with consignment and the recognition of revenue. As Live Well Inc. sells products through another party‚ being the sales coordinators‚ they cannot recognize revenue as the consignment of goods does not constitute a sale. They can only identify the revenue when the consignee sells the goods to a third party. This rule applies to both ASPE and IFRS standards. They currently recognize revenue upon shipment‚ however under the new IFRS 15 guidelines
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