Teambuilding‚ and Communication General Mill’s Organizational Behavior and Leadership Behind every thriving organization stands a strong leader. In an environment constantly changing‚ it is critical that those leading the organization are properly aligned in order to achieve the established mission‚ vision‚ and goals of the organization. General Mill’s mission is to “make lives healthier‚ easier and richer. General Mills is Nourishing Lives” (General Mills:Mission) . Each individual manager
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Financial Analysis: General Mills Inc. The following financial analysis is primarily focusing on the performance of General Mills Inc for the year 2010 when compared to 2009‚ but a historic trend of the past 5 financial years is also being taken into account. Balance Sheet Analysis: The Current Assets for GIS decreased for FY10 by nearly 2% compared to FY09‚ primarily due to a decline in quick assets‚ namely cash and cash equivalents. The company experienced a terrific growth period in FY08 when
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1998 General Mills studied areas of potential growth and value creation for their company which lead to small acquisitions of other firms. Looking to further grow their company‚ in December 2000‚ management of General Mills made a recommendation to its shareholders that they authorize the creation of more shares of common stock and approve a proposal for the company to acquire Pillsbury Company‚ a producer of baked goods‚ from Diageo PLC. Company Information General Mills General Mills is one
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for external auditors to be independent? Relate your answer to the primary role of external auditors? By Zachariah Godfrey-Plews This essay has asked me to look at the importance of external auditors and why it is vital for them to remain independent. I will try and look at the many ways of the advantages of independent auditing from different perspectives for example the company itself‚ the general public and the state. I think it is important to first define what an audit and an external auditor
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the External Auditor in Corporate Governance The external auditor has long played an important role in the corporate governance function. However‚ before we begin our analysis on how the external auditor plays this role and its importance‚ we must first examine the responsibilities and duties of such an auditor. Similarly‚ we need to clearly define what corporate governance is before we discuss in detail the role that auditors play in it. 1. Introduction 1.1 The External Auditor External auditors
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Why is it important for external auditor to be independent? Throughout the years‚ banks‚ shareholders‚ possible investors and creditors always relied on the financial statements produced by a company. Since the management of a company is producing these documents it has been assumed that the managers may act dishonestly so that their performance looks better. To monitor the company’s performance better the directors along with the shareholders employ external auditors to check all these financial
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(by an outside firm). As defined by the Institute of Internal Auditors (IIA)‚ "Internal auditing is an independent‚ objective assurance and consulting activity designed to add value and improve an organization’s operations. It helps an organization accomplish its objectives by bringing a systematic‚ disciplined approach to evaluate and improve the effectiveness of risk management‚ control‚ and governance processes. Internal Auditors’ roles include monitoring‚ assessing‚ and analyzing organizational
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Organizational Effectiveness General Mills‚ founded in 1866‚ is one of the world’s leading food providers. The most current organizational structure of General Mills can be found at this link‚ http://www.theofficialboard.com/org-chart/general-mills. The basic organizational effectiveness can be described as strength within a company in the aspects of leadership‚ decision making‚ structure‚ people and work processes‚ systems‚ and culture. The organizational effectiveness of General Mills is described as a way
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1928 Washburn-Crosby Mill merged with 2 other mills to form General Mills (GM). General Mills is a consumer foods and Fortune 500 company‚ and is located in Golden Valley‚ Minnesota. General Mills is the sixth largest food company in the world‚ with 79 operating facilities around the world. GM is most commonly known for popular household brands such as Pillsbury‚ Green Giant‚ Betty Crocker‚ Yoplait yogurt and Wheaties cereal. During the 1970’s‚ General Mills began its move into the
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Running head: GENERAL MILLS MOTIVATIONAL PROFILE General Mills Motivational Profile General Mills Motivational Profile General Mills has been making food products for 150 years and is the 6th largest food producer in the world. Consumers recognize General Mills as the makers of Gold Medal flour‚ Cheerios cereal‚ and Betty Crocker cake mixes. But General Mills also produces Progresso soups and even the organic lines‚ Muir Glen and Cascadian Farms. Internationally‚ General Mills provides
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