Unit CU3047 Unit 401 Understanding the Principles and Practices of Internally Assuring the Quality of Assessment Unit 401 - Understanding the Principles and Practices of Internally Assuring the Quality of Assessment 1.1 The internal verifier is at the heartof quality assurance in N/SVQ’s‚ both within the national framework and within the quality and management systems of each approved centre. The role‚ in terms of managing
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Introduction Organisation is a dynamic and important field of studies as it holds an entire structure of a company. With a well structured organisation‚ this will help align employees’ interest to work towards company’s goals. An organisation will also save the company time and resources as work can be delegated among the departments based on specialisation which will allow unnecessary movements to be eliminated. Without an organisation‚ there will be disorder in a workplace which will eventually
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CASE STUDY: critical success factors and performance indicators for a services company Financial Success Factor Improved cash flow Suggested PI %of those paying cash up front %of new projects where payment up front received Timing of billing on milestones e.g. if 5 days late result would be + 5 days etc. %of customer balance to fees No. of projects with all progress payments paid Costs of lost bids vs. costs of won bids %of successful bids %of successful bids a project group gets Number of customers
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teams in history. The Team The key members of the Enron scandal team were: Kenneth Lay who was the chairman and Chief Executive Officer. He founded Enron in 1985 when Houston Natural Gas merged with InterNorth in Omaha‚ Nebraska. Jeffrey Skilling‚ who was the President‚ Chief Executive Officer and Chief Operating Officer. Andrew Fastow‚ Chief Financial Officer‚ Richard A. Causey‚ Chief Accounting Officer. Michael Kopper‚ who was Andrew Fastow’s top aide. Sherron Watkins‚ vice president. Rex
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The Enron scandal A brief on Enron’s history Enron was formed in 1985 by Kenneth Lay after merging Houston Natural Gas and InterNorth. In the early 1990s‚ he helped to initiate the selling of electricity at market prices‚ The resulting markets made it possible for traders such as Enron to sell energy at higher prices‚ thereby significantly increasing its revenue. As Enron became the largest seller of natural gas in North America by 1992‚ Enron pursued a diversification strategy
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boost up the financial performance. (Cruver‚ July 2002) This essay explores the internal culture and leadership practices of its top management. It includes a particular emphasis on charismatic leadership‚ in people like Kenneth Lay and Jeffrey Skilling. The compelling vision of these leaders‚ expressed in a recruitment system designed to activate a process of conversion and the promotion of culture by conformity and penalizing of dissent. Introduction Enron went bankrupt and disappeared
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Week 3 Assignment 1. The occupation I researched was in the field of corrections. Finding specific information on this occupation using O*NET was not difficult at all. For this assignment I was provided with step-by-step instructions on how to get to the “ My Next Move” page where a person can type in keywords to research careers. At first glance the site can look intimidating but like any other site if you read the information provided the page will help guide you in the right direction. I feel
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perceived. It is recognized that a certain amount of puffing‚ exaggeration‚ and bluffing is part of the business game. When does it become a problem that your ethics don’t even matter anymore and you break major rules of ethics? Ken Ley and Jeffrey Skilling are at the top of the list of liars and deceivers in what is one of the biggest business scandals in the history of modern business. But they are not the only ones to be blamed‚ even though they were the leaders. Accountants‚ financial institutions
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Enron Case Study Author: Robert Jon Peterson (309) Enron Case Study Enron Case Study Seven years after the fact‚ the story of the meteoric rise and subsequent fall of the Enron Corporation continues to capture the imagination of the general public. What really happened with Enron? Outside of those associated with the corporate world‚ either through business or education‚ relatively few people seem to have a complete sense of the myriad people‚ places‚ and events making up the sixteen years
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Performance Indicators (KPIs)‚ which is to increase the profits and share price that "forced" Enron employees behave in an unethical manner? What circumstances caused them to be unethical‚ really? At first‚ the leader of Enron Finance Corp‚ Jeffrey Skilling recruited the best and brightest traders from the top schools in the country. To reward and motivate these traders‚ Enron gave them corporate benefits like concierge services‚ company gym and award merit-based bonuses which had no cap. Was this wrong
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