Risk management involves two basic factors - identifying investment risks and handling those risk. Risk management is a staple in the financial world. You see it when investors opt to buy low-risk government bonds in lieu of the more risky common stocks, when a fund manager hedges the company's forex exposure with currency derivatives, and when a bank does credit checks on debtors before granting them a line of credit. This is a cursory study of what risk management and derivatives are all about.
With identity theft a growing problem across the nation, more people are taking greater steps to protect themselves. This has caused a rise in the popularity of shredding services. But are these off-site shredding services worth what they charge?
A correct hierarchy is required for an organization to function efficiently. The hierarchy of an IT organization starts with chief information officer and moves down to the different levels with correct levels of reporting system. With this article, we have taken a deep look into these levels.
Businesses everywhere are becoming more environmentally aware and taking steps to decrease the waste that they produce. They are recycling more of their materials and seeing great benefits from the extra effort. If your business isn't recycling or isn't recycling as much as it could, you need to think about these reasons that your business should step up when recycling.
The decision to start your own firm is a huge step. You ponder whether or not you can handle it, whether or not you will be successful, or even how you will financially support yourself until clients start beating down your door. After the nervousness disappears and the excitement kicks in, you start planning.
Activity and output are a directly proportional things. However, both are the important parts of any business. Activity consists of taking some actions whereas output means generating some product or outcome of those actions.
It is not McDonald's, Wendy's or any other fast food restaurants obligation to be America's social program and subsidize employees with extra pay. It is also not the Fast Food Restaurant Industry's fault that America has rid itself of the, (food chain so to speak), up line for manufacturing jobs and other higher paying jobs. The step up of long-term jobs have been chased out or destroyed by environmentalists, unions and chief executioner - government regulations. Minimum wage jobs have been made to be America's scapegoats for the destruction of the Middle Class jobs.
Look to see how your company rates against the elite competition, not accepting normal or better than average results? What is your rank in terms of the fundamental measurements of a vibrant growing corporation? Until you have a strategic game plan to move forward, it may be far too easy to solve the wrong issues. Squandering resources when the wrong issues are addressed can be worse than doing nothing.
Data back up and disaster recovery are both complicated and crucial. It is all about planning, attention to detail and faultless execution. It matters most when minutes count and your business cannot be down.
Being a leader requires a commitment to the vision and mission of the organization and the integrity not to be taken off point. Leadership is not the same as task-oriented management and those that don't grasp that difference are the distractors that challenge your focus and resolve.
Automation has greatly improved the efficiency of petroleum operations but has also increased the need for surge suppression. Controls for Pump Jacks, Variable Frequency Drives, Programmable Logic Controllers, Soft Starts, and Electric Submersible Pumps all have problems with power surges originating from lightning, switching, and utility re-closure events. Down time and repair can be very expensive. An engineered surge suppression system protects these sensitive electronics and minimizes electric related down time.
One of the biggest questions facing any company when opening operations abroad is exactly how to conduct their business practices in specific foreign commercial environments. And while many prominent business thinkers over the years have advocated a policy of "adaptive ethics" for their overseas activities, there is growing evidence that such an approach is actually counterproductive - and bad for business.
There are a number of variations of the CSR model in practice across the globe. The ideals of CSR have been considered "left leaning", "leftie" or Liberal in its philosophy. Many Conservatives are now coming to the understand that the best interests of shareholders are aligned with the best interests of the corporation and that is sustainability. Plunder and pollute, exploit the workers and the environment if it makes a profit its OK. This is no longer acceptable nor tolerable in modern Western commerce. If the corporation and the planet doesn't survive then there is no point in generating profits.
Nobody owns an incorporated company. Companies have personality and like real persons they are not owned by anybody. The directors of the company control the company. The shareholders control who will sit on the board of directors of the company. Shareholders equity is accounted for on the liabilities side of the ledger. Shareholders cannot be held liable for the debts of a company. Shareholders receive a dividend only when the company makes a profit and then, only if the directors decide to declare a dividend. Shareholders may not withdraw their capital at will. A court order is required to return capital to shareholders.
Nepotism seems to be a wrong way to run a business, and yet there are so many closely held private companies which have withstood the test of time, and remained in the family and under the control of a select few in the bloodline. In the US we have an aversion to this due to our disdain for Monarchies, and yet, sometimes it works.
Whilst corporate governance is not new, having its genesis after the Wall Street crash of 1929, the concept gained currency in the early 2000s after a number of large corporate failures primarily due to fraud. At common law, officers of a corporation have a duty to act in good faith (honestly) and in the best interests of the company as a whole. The share a shareholder holds is a right, as opposed to a title, to share in profits distributed by way of dividend, should the directors so decide to declare a dividend. They do have a right to a distribution in any surplus on winding up but only after all creditors have been paid (last in line). Other risk takers are the creditors, who risk extending credit/debt to the company, employees who risk losing their livelihood and outstanding wages and benefits, customers, suppliers and the community are also risk takers and have a vested interest in the success or failure of the corporation.
Due to the damage being done to the ecosystem by the accumulation of plastic products, many grocery and retail stores have switched from the use of plastic bags to cloth or paper bags and where plastic is still used a small charge is made for the bag. In order for such wide-scale changes in the retail industry to be manageable, corporations need to be able to assess the issues as well as the costs, participate in the process of more ecologically sound innovation, and be able to convey the ideas and principles of the modifications within the business itself and the community of retail customers. When an enterprise not only goes "green," but also makes its case to the public via advertisements and public forums, that greater good can become a competitive advantage among other places of business.
An interesting example of social responsibility by a corporation is that of the Oxford English Dictionary, commonly known as the OED. Despite the fact that a CD ROM on a bookshelf would be no match as a spectacle to a 40 volumes OED the decision is an example of proper corporate citizenship. Since the early days of the public company entities have been required to publish a written annual report, commonly referred to as a "Glossy", for distribution to all shareholders. There is another positive side effect to the discontinuation of printed annual reports and that is the report, online, can be as long as the company chooses. With unlimited electronic space the company can no longer use printing costa as an excuse for selective release, or omission, of its CSR policy and report.
There is a link, albeit tenuous, that the rise of trade unions (around 1820) and the Industrial Revolution played a part in the abolition of slavery in Britain (Slavery Abolition Act 1833). It is interesting to note that there is a direct correlation between the rise and fall of trade unionism and the rise and fall of real wages in the United States. The subject is essentially the cost of progress it is fair to say that there have been great advances for human kind during the infancy of CSR however they have come at some costs to humans however at very great costs to the environment.
As human consciousness began to acclimate to the global village paradigm, the importance of public opinion to Corporate Social Responsibility became increasingly clear to corporate entities, in much the same way as endorsements affect a sports figure. While the basic ideology of a corporation forms the basis of the corporation and is reflected in its respective purpose and mission statement, the stakeholder's opinion affects the corporation in a substantial way, existing as a sort of feedback loop in the process of its endeavour. Mounting concerns about social issues were given a new and powerful venue; along with this opportunity for expression, to consumers, came opportunity to corporations in terms of possibilities for powerful public relations campaigns of an indirect nature.