Bdo Benchmarking Assignment Essay

At the point when considered by and large terms Turnbull depicted it as: â€Å"All impacts influencing the establishment forms, including those for naming the controllers as well as controllers associated with sorting out the creation and offer of good and services†¦.. it incorporates a wide range of firms whether they are fused under common law. † (Turnbull, 2002:181) Factoring in every single other definition, in its easiest terms it very well may be characterized as the â€Å"exercise of control over corporate entities† (Clarke, 2004). It isn't equivalent to the administration and the running of the organization, it is worried about how the Board of Directors, who are the administering body of an organization, regulate the executives, since it is they who are liable for considering the administration of an organization responsible and guaranteeing the organization is being ran in a manner which is ideal towards the investors and different partners. It is the Directors’ duty to create system and approaches for the ompany and to decide the course the administration should take the business in and the Directors have by and large obligation regarding the exhibition of the organization (Tricker, 2012). While the expression ‘corporate governance’ wasn’t authored until the 1960’s and not usually utilized until the 1980’s, it has truly been in a steady procedure of development since the sixteenth century and joint endeavor exchanging. One of the significant advancements in world eco nomies which carried the requirement for corporate administration to the fore was the presentation of restricted risk organizations in the nineteenth century. What this implied was when organizations were fused they turned into a different legitimate element, separate from their investors and with comparative lawful rights to purchase, sell and move offers and resources, to utilize individuals and to sue and be sued for the sake of the organization. This implied the obligation for any organization obligations lay with the investors and not the administration or the organization. Add to this the way that in light of the presentation of the securities exchange, offers could be effortlessly purchased and sold, which means the investors could be immense in numbers and have an enormous geological spread. Because of the way that all corporate entitites need to administered, the ramifications of this were the administration (official control) and the investors (proprietors) were regularly isolated (Tricker, 2012). Circumstances, for example, these, are the place corporate administration is regarded to be most important in light of the fact that there is a root suspicion, that individuals from the executives who don't claim the organization are probably going to be increasingly careless with somebody else’s cash, I. e. the company’s, than they would be with their own cash (Having Their Cake, 2013). This is known as the organization issue, which will be developed later. Choosing a Board of Directors who have the enthusiasm of the investors at the front line of their psyche, permits individuals to by implication supervise the activities attempted by the administration, so as to guarantee that as specialists of the investors, the administration is acting in accordance with the eventual benefits of the enterprise (Lashgari, 2004). 1. 2. Determination of a Case Company However, as Turnbull called attention to in ‘Corporate Governance: Its degree, concerns and theories’ (2002), having a limitation of just traded on an open market enterprises in investigations of corporate administration, confines the legitimacy of any onclusions drawn about the most productive courses of action for corporate organizations with respect to great administration rehearses and the impact they have on a company’s execution. As Jensen said in 1993: â€Å"Privately held elements could give the most type of big business. † (Jensen, 1993, refered to in T urnbull, 2002). It was in light of this that I picked BDO LLP UK (BDO), which is a consolidated organization in the UK, which is claimed and ran by its individuals/accomplices. It is an organization which offers budgetary bookkeeping, review, expense and business consultancy administrations (BDO LLP UK site, 2013). . 3. About the UK Financial Accounting and Audit Sector With the regularly expanding center around corporate administration for organizations over the World, not simply in the UK, review firms, for example, BDO, KPMG and Deloitte are turning out to be increasingly significant in light of the fact that it is there employment to guarantee that organizations are holding fast to guidelines spread out in the UK Corporate Governance Code (2010, overhauled in 2012). It ought to normally follow that review organizations will have very great corporate administration rehearses set up, be that as it may, this isn't really the situation. Since 2000 there have been various prominent outrages inside the International Corporate Financial Accounting industry, for instance, Enron were seen as blowing up incomes and concealing obligations and there was additionally the Bernard Madoff â€Å"Ponzi Scheme†, where the genuine embarrassment was that the ransacking of a large number of pounds worth of people’s cash, got away from the consideration of inspectors and controllers. ). Because of such embarrassments, numerous national controllers executed new corporate administration prerequisites to improve principles (Mitchell Van der Zahn, 2009). In the UK new guidelines with respects explicitly to review organizations were additionally presented, directed straightforwardly at a specific gathering of organizations. As of January 2010, 95% of the evaluating work in the UK was being completed by 8 firms, BDO being one of them. It was regarded that such organizations had based upon their notoriety to pick up strength in the UK advertise and the Financial Reporting Council (FRC) felt it was in the Public’s enthusiasm for these organizations to be straightforward and so as to keep up open trust be models of best corporate administration practice. This prompted the presentation of the Audit Firm Governance Code (2010) by the Institute of Chartered Accountants in England and Wales (ICAEW), which drew from parts of the 2010 UK Code and set up standards, for example, the arrangement of free non-administrators inside the administration structure of their organization. While such guidelines didn't have any significant bearing outside of the focused on organizations, it was the expectation of the ICAEW that it would give a benchmark of good administration for different organizations to follow (ICAEW site, 2013). With such a striking proclamation being made about the significance of corporate administration in this field of work, it appeared to me to be an undeniable decision to pick one of the 8 organizations on the ICAEW’s list for my contextual investigation. 1. 4. About BDO LLP UK As nitty gritty prior BDO LLP UK is a consolidated organization in the UK, which is claimed and ran by its individuals/accomplices and it gives budgetary bookkeeping, review, duty and business consultancy administrations. It is the sixth biggest bookkeeping firm in the UK and is an individual from the BDO International Network, which itself is the fifth biggest bookkeeping association in the World. While trying to break into the best 4 major firms in the UK, BDO LLP UK finished a merger with PKF, an opponent firm, in April 2013 (Keynote, 2013). Subsequent to exploring BDO LLP UK, it turned out to be evident that corporate administration was of the highest significance to the organization. In addition to the fact that it had explicit zones on its site committed to corporate administration and corporate social duty yet it additionally had various important distributions with respect to corporate administration. One article for instance, ‘Making Internal Audit Relevant’, examined the high caliber of corporate administration in the UK found by considers did by the FRC, it proceeded to state this was supported by the UK Corporate Governance Code and that it was fundamental in keeping up the engaging quality of the UK showcase, to empower new speculation (BDO LLP UK site, 2013). My exploration likewise found that BDO had done a joint report with the Quoted Companies Alliance, which considered the presentation of a compulsory corporate administration code for little and mid-capital review organizations in the UK. Similarly as a state of truth, this was a suggestion that 92% of such organizations concurred with. One of the significant signs that BDO think corporate administration is essential to the achievement of an organization is that they produce a yearly straightforwardness report, which has a reference section of an announcement of consistence with the Audit Firm Governance Code (2010). They have additionally put it all on the line to make a rundown report in 2012 for organizations which they review, specifying any progressions to corporate administration guidelines and concentrating on authority and viability, announcing, hazard, review, compensation and speculator relations (Corporate Governance for TMT Businesses, 2012). It is by all accounts an intriguing plan to take a gander at an organization who puts such a great amount of accentuation on great corporate administration, for itself as well as the organizations it works for, to check whether they do consent totally with the codes and on the off chance that they are in truth â€Å"exemplars† of good practice. . Speculations of Corporate Governance There are different hypotheses and methods of reasoning with respect to corporate administration, the entirety of which, as a group, have established a framework for the improvement of various corporate administration frameworks around the globe (Lashgari, 2004 ). This paper will take a gander at some of these speculations and how they identify with BDO, so as to increase a superior comprehension of the administration norms at BDO. 2. 1. Organization Theory In the 1930’s, Berle and Means distributed ‘The Modern Corporation and Private Property’, it gave the principal banter about the organization situation and set a reason for office hypothesis. They recommended that where proprietorship is isolated from the executives or is generally scattered, it gets hard for proprietors to have a compelling beware of the independence of corporate directors. The organization predicament was additionally refined in the 1970’s, when hypotheses were brought to the fore recommending specialists (directors) are probably going to act naturally intrigued and will serve their own enthusiasm before those of the guideline (proprietors). Such speculations additionally recommended that so as to counter t

16 Essays - Americas, Christopher Columbus

Myisha Hassan 10/31/16 Essays - Americas, Christopher Columbus Myisha Hassan 10/31/16 725 Social Studies Why we ought not observe Christopher Columbus day Christopher Columbus was conceived in Italy, 1451 and was an adventurer. In 1492, he cruised from Europe to America imagining that he had shown up in Asia. So consistently, on the second Monday in October, the individuals in the United States praise a national occasion in memory of Christopher Columbus, the person who found the new landmass. However, Columbus didn't 'find' America. There were numerous individuals previously living there. Vikings from Europe had arrived in America 500 years prior and Native Americans were living there as well. So we are praising an occasion when Columbus guaranteed the place that is known for other people, brought ailments over, made the locals into slaves, and murdered numerous honest lives. Since Columbus carried catastrophes to the Native Americans, numerous individuals contradicted the Columbus festivities. They started to think whether Columbus Day ought to be considered as a national occasion in the United States. Obviously, Christopher Columbus isn't a saint, however a mass killer and ought not have his own government occasion. Numerous individuals who are not educated regarding what Columbus celebrated, what they figure he did. They think he found the Americas and made the world as it is today. That isn't totally evident. He went to the Americas and totally dominated. He remove individuals' hands and let them seep to death. He likewise murdered anybody in his method of getting gold, land, assets, and different materials that Europe required. The primary explanation Columbus Day draws consideration and discussion is a result of how the voyager's appearance to the New World influenced indigenous individuals. European pilgrims not just acquainted new infections with the Americas that cleared out a great many Native individuals, yet in addition war, colonization, subjugation, and torment. He was an avaricious individual who didn't regard the Native individuals as people and changed over them to Catholicism without wanting to. This is the reason October twelfth ought to be a day of distress and not be praised w ith marches and gatherings. Notwithstanding, there are numerous others that trust Columbus is a legend. Many may contend that Columbus doesn't have the right to be commended and that he is an executioner and attacker however what you call home today is a result of Columbus. This can be valid, yet another European found the Americas 500 years earlier, so somebody other than Christopher Columbus knew there was something beyond one land out there. Columbus and his pack brought the Americas domesticated animals and assortments of vegetables and organic product, yet he additionally brought infection and treated the individuals wrong. Numerous others may likewise say that he didn't begin subjection since it dated back to Ancient Egypt. This is valid however he had begun bondage when his excursion to the New World. He had sold Native Americans and Africans and almost 50% of the slaves kicked the bucket during the excursion to the Americas or Europe. He didn't need to make these blameless individuals into slaves. He co uld have been inviting and made partners with the Natives. Along these lines, at the end of the day, Columbus picked the demonstration of wickedness and subjugation of the sort Natives. He most likely even made a greater measure of bondage than Ancient Egypt. All things considered, nobody observes Adolph Hitler Day in Germany utilizing the contention that since he protected the German economy, there ought to be a national h oliday in his name. The general point attempting to be made here is that Cristopher Columbus found the New World much like a shooting star found the dinosaurs. What's more, old fashioned Columbus, mass killer, and slave driver gets his own government occasion. This is a respect shared by Abraham Lincoln and Martin Luther King Jr. what's more, the dad of transoceanic slave exchange is regarded on a similar level as them. Christopher Columbus, as it turned out, was liable for far reaching slaughter; he permitted his men to murder, hurt and oppress indigenous individuals. The abhorrent activities of Columbus far exceed the couple of achievements he accomplished. Thinking about the entirety of this, Columbus Day unmistakably shouldn't be a thing, and it's a great opportunity to transform it. So this day will never be an American custom, it will consistently be an ongoing error. Unique

How to Reference Authors in APA Format

How to Reference Authors in APA Format Student Resources APA Style and Writing Print How to Reference Authors in APA Format By Kendra Cherry facebook twitter Kendra Cherry, MS, is an author, educational consultant, and speaker focused on helping students learn about psychology. Learn about our editorial policy Kendra Cherry Updated on September 16, 2019 Eternity in an Instant / The Image Bank / Getty Images More in Student Resources APA Style and Writing Study Guides and Tips Careers In This Article Table of Contents Expand No Author Single Author Two Authors Three to Seven Authors More Than Seven Authors View All Back To Top APA format establishes a number of clear rules for how to list reference works using author information. How you reference different sources varies depending on the number of authors to whom the source is attributed. For example, the way that you reference a single author will differ somewhat from how you reference a source with multiple authors. Before you create a reference section for a psychology paper, it is important to know how to properly list books, articles, and other sources in APA format. The following guidelines can help you prepare a reference section for your APA format paper. How to Start Writing an APA-Style Paper No Author Articles and other works that do not provide an author attribution should begin with the title of the work. If the title is a book, list the title first in italics. The volume number and page numbers should follow article titles, while book titles should be followed by the location and publisher name. For example: A student guide to APA format. (1997). Psychology Weekly, 8, 13-27. and The ultimate APA format guidebook. (2006). Hartford, CT: Student Press. Single Author Works by a single author should list the authors last name and initials. The date of publication should be enclosed in parentheses and followed by the title of the article or book. Books and journals titles should be listed in italics. The volume number and page numbers of the article should follow journal titles, while book titles should be followed by the location and name of the publisher. For example: McCrae, R. R. (1993). Moderated analyses of longitudinal personality stability. Journal of Personality and Social Psychology, 65, 577-585. and Bandura, A. (1977). Social learning theory. Englewood Cliffs, NJ: Prentice-Hall. Two Authors Works by two authors should list the last names and first initials separated by an ampersand (). These names should be followed by the date of publication enclosed in parentheses. If the work is a journal article, the title of the article should immediately follow the publication date. Next, the title of the book or journal should be listed in italics. If the reference is a journal article, provide the volume number and page numbers. For books, list the location and name of the publisher. For example: Kanfer, F. H., Busemeyer, J. R. (1982). The use of problem-solving and decision-making in behavior therapy. Clinical Psychology Review, 2, 239-266. and Buss, A. H., Pomin, R. (1975). A temperament theory of personality development. Hillsdale, NJ: Erlbaum. Three to Seven Authors Works by three to seven authors should list last names and first initials of each author separated by an ampersand. Author names should be followed by the date of publication enclosed in parentheses. If the work is a journal article, include the title of the article immediately following the publication date. The title of the book or journal should then be listed in italics. If the reference is a journal article, provide the volume number and page numbers. For books, list the location and name of the publisher. For example: Abma, J. C., Chandra, A., Mosher, W. D., Peterson, L. S., Piccinino, L. J. (1997). Fertility, family planning, and women’s health: New data from the 1995 National Survey of Family Growth. Vital and Health Statistics, 23(9), 1-67. and Alper, S., Schloss, P. J., Etscheidt, S. K., Macfarlane, C. A. (1995). Inclusion: Are we abandoning or helping students? Thousand Oaks, CA: Corwin Press. More Than Seven Authors When a work is credited to more than seven authors, the reference is listed by providing the names of the first six authors followed by . . . and then the final author. The remainder of the reference follows the same format as that for seven or fewer authors. Author last names and initials are followed by the date of publication enclosed in parentheses. The name of the article is listed immediately after the publication date. The title of the journal or the book title should be provided in italics. The volume number and page number should follow journal titles, while book titles should be followed by the location and publisher name. For example: Black, C. P., Arlo, S. T., Rechit, R., Machlen, J. P., Sempson, K., Bee, A. L., . . . Smith, R. K. (1999). Citing seven or more authors in APA format. Journal of APA Style and Format, 17, 45-75. and Black, C. P., Arlo, S. T., Rechit, R., Machlen, J. P., Sempson, K., Bee, A. L., . . . Clark, S. P. (2001). APA format for psychology students. Newark, NJ: Prentice-Hall. You can read more about a few different aspects of referencing sources in APA format if you have book references, article references, and electronic sources.

The Financial Crisis and The Great Depression Free Essay Example, 1000 words

The recovery that was seen in the periods after 1933 was rapid, but not rapid enough to completely reverse the effects of the depression. Another point of similarity is that both of them were preceded by asset price booms and bursts. There was a housing boom and burst in the 1920s and the Wall Street boom and crash around 1929. Similarly in 2006, there was a mortgage related housing boom and burst, leading to the 2008 crisis. Another similarity lied in the fact that both the crises led to massive unemployment resulting from layoffs. When the industrial production shrunk, the industries had no choice but to send a portion of the employee’s home. The differences between the two economic hardships the world faced were their causes and the times they occurred. It is often thought that the great depression was a result of the effects of the world war during which a lot of destructions happened, and some of the things that held the world economy together were affected severely. We also have generational differences in the sense that one took place in 1929 and another about 80 years later. We will write a custom essay sample on The Financial Crisis and The Great Depression or any topic specifically for you Only $17.96 $11.86/pageorder now There was deflation in the industrial output, meaning a decrease in the overall size of production in the manufacturing sector. The layoffs meant that the disposable income reduced. Much of the recovery started in the times around and after 1933. Some of the differences between the great depression and the current economic difficulties including the 2008 credit crunch lie in a number of things, which include a number of things. In 1929, there was a concentration of industrial activities in the European nations and the United States. In 2008, even the nations that hadn’t invested in industry by the 1920s had some amount of industrial production going on in them. The effects of the two economic periods are similar in the sense of shrunk industrial production (Cooper, 2008). The difference here is that whereas the 1929 situation only affected the then industrialized nations, sparing those that hadn’t invested in industry, the 2008 situation affected each and every country of the world, because virtually all the countries of the world have an industrialized economy, no matter how small. Another difference between 1929 and the 2008 situation was that the great depression of the late 1920s and the early 1930s was an old fashioned version of banking liquidity crisis that resulted from the failure by federal bank to serve as a lender of last resort. The 2008 crisis resulted from a bank solvency crisis.

Effect of Internal Controls on Financial Performance

CHAPTER ONE 1.0 INTRODUCTION 1.1 Background of the study Over the past decade, Africa and other developing regions have been in the midst of tremendous changes. Market liberalization and governmental decentralization policies have interfaced with globalization and urbanization trends to dramatically transform social, political, economic and cultural lives. In this context of rapid change, SME operations can no longer remain behind serving only to meet sustenance income for their owners. SMEs engagements have to become a dynamic and integral part of the market economy. The identification of factors that determine new venture performance such as survival, growth or profitability has been one of the†¦show more content†¦The dynamic role of small and medium enterprises (SMEs) in developing countries as engines through which the growth objectives of developing countries can be achieved has long been recognized. The growth of small scale businesses in Ghana so rapid, that it is now seen as a daily affair. Many Potential owners of SMEs move to areas where the feel they can succeed to set them up there. More so, many factors may contribute to the movement of people to settle at certain geographical areas. It is believed that the factors that influence migration include the need for peaceful and violent free environment, the need for fertile business locations, the desire for privacy, government policy and a host of others. Specifically, with reference to the above, the Medina municipality of the Greater Accra region has experienced a noticeable growth and increase in the number movements into the area and for that matter SMEs increase in the last few years. It is important to mention that some research studies have been conducted to determine the real impact of migrations on host societies. In line with the above, this study sorts to assess the nature of SMEs in Medina with respect to the involvement of men and women, the main sources funds for them, the main objectives and challenges faced by SMEs in Medina, reasons the explosion of SMEs in Medina and the scio-economic impacts of this growth of SMEs in Medina. 1.3 Objectives: 1.3.1 Main Objective TheShow MoreRelatedEffects Of Internal Audit Practices On Financial Performance Of Commercial Banks1689 Words   |  7 Pages EFFECTS OF INTERNAL AUDIT PRACTICES ON FINANCIAL PERFORMANCE OF COMMERCIAL BANKS IN KENYA (A CASE STUDY OF KENYA COMMERCIAL BANK) GIDALI MUHINDI FRANKLINE A Research Proposal in Partial Fulfillment for the Bachelor of Business Administration of the Technical University of Mombasa 2016 DECLARATION I declare that this research proposal is my original work and has not been presented for a degree award in any other university. Signature†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ Date†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Read MoreThe Effect Of Professional Ethics788 Words   |  4 PagesThe Effect of Professional Ethics in U.S. Accounting Businesses, investors, creditors rely on accounting ethics. The accounting profession requires honesty, consistency with industry standards, and compliance with laws and regulations. The ethics increase the responsibility and integrity of accounting professionals, and public trust. Ethical requirements influence the management behavior and decision-making. 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The current data analytic scriptsRead MoreThe Sarbanes Oxley Act ( Sox )1604 Words   |  7 PagesFraudulent financial reporting has gained substantial attention from the public after the scandals of many high profile companies in the 21st century. Periodic cases of financial statement fraud raise concerns about the credibility of financial reports and are as a result of problem in the capital markets, a dropping of shareholder value, and, the bankruptcy of the company. Thus, to respond to the public pressure over acts of corporate offense, the Sarbanes-Oxley Act (SOX) was enacted in 2002. SOXRead MoreSarbanes-Oxley Act Acc 403- Auditing1443 Words   |  6 PagesSARBANES-OXLEY ACT ACC 403- AUDITING PROFESSOR August 19, 2012 The Sarbanes-Oxley Act was placed into effect July 2002; the act introduced major changes to the regulation of corporate governance and financial practice. The Sarbanes-Oxley Act was named after Senator Paul Sarbanes and Representative Michael Oxley, who were the main architects that set a number of non-negotiable deadlines for compliance. The organization for Economic Cooperation and Development was one of the first non- governmentRead MoreBalance Scorecard As A Technique Used For Performance Strategies1480 Words   |  6 PagesBalance Scorecard as a Technique used in Performance Strategies 1.0 Introduction The balance scorecard refers to a component within a comprehensive management system that integrates strategy and operations (Kaplan, 2009, pp. 1265). The balanced scorecard has been a multi-dimensional performance measurement system (Kaplan and Norton, 1992), which over the years has upgraded versions with much interest not only in academic fields (Hoque, 2014); but also as a management tool (Rigby Bilodeau, 2013)Read MoreTutorial 4 Internal Auditing1732 Words   |  7 Pagesquestions: 1- What does the term internal control mean? The Committee of Sponsoring Organizations of the Treadway Commission (COSO) defines internal control as: * â€Å" a process, affected by an entity’s board of directors, management and other personnel, designed to provide reasonable assurance regarding the achievement of objectives in the following categories† * Effectiveness and efficiency of operations * Reliability of financial reporting * Compliance withRead MoreThe Balanced Scorecard And How It Is Used For A Competitive Advantage Within The Business Industry1229 Words   |  5 Pagesto key decisions. The Balanced Scorecard The balanced scorecard is a performance management tool that assists in the management of an organisation’s business strategy using traditional financial measurements combined with non-financial information (Candle 2008). Kaplan and Norton (1992), the creators of the concept, introduced the business scorecard as 4 main perspectives, customer, learning and growth, financial and internal business process. They breakdown the meaning behind each perspective is

Cons of Obamacare Free Essays

Patient Protection and Affordable Care Act The Patient Protection and Affordable Care Act of 2010 is the first major healthcare act passed since the 1967’s Medicare and Medicade act. Obamacare is the name given by critics, because of the power that is given to the federal government to regulate healthcare prices. The reason given that this act was passed is that it willl save billions of federal dollars each year. We will write a custom essay sample on Cons of Obamacare or any similar topic only for you Order Now Many people against the act believe it should be repealed ,and the reason for this is, because it gives away healthcare to people who don’t pay for it. The act also takes away from seniors who really need the medi,cade benefits, and also makes doctors increase how much people pay them. The Patient Protection and Affordable Care Act of 2010 is an extreme set of laws that give the federal government too much power over health care, lets government choose the price of health care, takes away health benefits from senior citizens, takes away more care from people who work for it truly deserve the care, and in addition it is already costing three times more than what it was expected to cost. The Patient Protection and Affordable Care Act is an act that generally lets everyone have health care, and is supposed to make health care cheaper. The idea of this plan is to reduce the cost of health care over a decade by 1. 2 trillion dollars making everyone get health care. Overall studies have shown that in the first decade it actually cost 3. 2 trillion dollars to insure everyone, and that is not good at all. There are many good parts of medicare like how it benfits small business, and it allows for parents to let their kids stay on their own insuramce plan until they are 26 which actually earns health insuracne companies for money in the long term. However the Obamacare will actually hurt the middle class, and more than likely increase health insurance cost for everyone. This wiill ultimately hurt our budget deficit recovery plan which is the whole reason the PPAC was initially made. Obamacare was a dishonest plan to begin with, and if Romney gets in office hopefully he will repeal the horrible act that is Obamacare. Many people think The Patient Protection and Affordable Care Act of 2010 is socialism. There are many reasons for this, one is that it lets the federal government mandate what the price of health care is which in effect can cause the prices of healthcare to go up dramatically within the next four years. This also makes everyone get health care even if that set family cant afford it which is a form of Socialism. If you refuse to get the new health care, like in the case of small businesses with over 50 employees they will drop existing businesses medicade plan that you have, and you wont have the extra care at all. In all technicallity there has been no limit in which the federal government can tax Americans for health care. In the long run that will put a bigger dent in Americas economy and our debt to China. Senior citizens across the country who cant afford regular health care prices use medicade to lower their price, and The Patient Protection and Affordable Care Act of 2010 is making it more difficult for seniors to recieve Medicade help practically taking all the relief given to senior citizens with obamacare. The effects on senior citizens will be catastrophic there will be a shortage of 95,000 doctors due to pay cuts. Which will make it to where less and less people can be seen by a doctor each day. Seniors, in fact, will have to pay at least ten percent more than their usual medicare plan due to tax cuts, and price increases. Another bad fact is that due to Obama’s irresponsible tax cuts that fifteen percent of medicare or medicaid plans will be cut from the system, directly affecting the amount of care that seniors will be able to recieve no matter what. One elderly woman from Massachusetts who is fighting parkinson’s says that she has already stopped recieving cheap care because doctors are already preparing for Obamacare in 2013. In 2010 president Barack Obama ensured us that in the first decade of his healthcare plan it will save us 1. 2 trillion dollars. However that was false, and The Patient Protection and Affordable Care Act of 2010 will cost three times more than what was originally projected. Republican senators have shown this estimate everytime they calculate the plan, and many say that Obama just plain out lied to Americans who had given him support. Also it will put Americans in an extra two trillion dollar deficit in which the total deficit will add up to 5 trillion dollars. The senate is already pushing to ammend the bill to where maybe we can correct his mistakes, but also save us money in the first three decades which was originally projected. Obama held a joint session in 2010 where he practically said this is the plan, and it will cost 900 billion dollars however its already made us spent three more times the usual amount for any health care plan in America. Many people who some say don’t deserve healthcare are getting healthcare while middle class families are giving more than ever to support these bums. Obamacare is practically ripping care out of the hands of people who work hard for care, yet supports the poor people who cant afford it. Now we must understand that there are special circumstances for people, but most people have the energy to get off the couch so they should be able to find a job. In most circumstances if they got laid off or whatever the other circumstances are, but it doesnt mean Obama should just give special care to these people because there to lazy to go out and work every day like normal Americans. The conclusion to my thoughts about The Patient Protection and Affordable Care Act of 2010 is simple. One, it lets the government choose the price of healthcare and medicade, and also is a form of socialism. Two, war veterans, and senior citizens who worked hard everyday for our country are steadily being taken from. Three, the act grants them the power to tax more from medicade. Next, The Patient Protection and Affordable Care Act of 2010 is starting to cost three times more than president Barack Obama originally projected it to cost. In conclusion the Patient Protection and Affordable Care Act of 2010 could’ve been a great act, but many others think it will be a economic disaster that sets off another depression. How to cite Cons of Obamacare, Papers

Information Technology (IT) Team

Purpose of the Team The team I will be writing on is Information Technology (IT) Team. The purpose of the team is to build a formidable group spirit among the members so that all the set goals and objectives can be achieved with much ease. It is imperative to mention that it takes immense effort, commitment and competence to create and maintain an effective team (McShane Glinow, 2009).Advertising We will write a custom essay sample on Information Technology (IT) Team specifically for you for only $16.05 $11/page Learn More This team has also been formed to assist members gain the much needed knowledge and skills when handling various IT related tasks. It is an ongoing team which members are supposed to stay and work together in a particular department. A good example is a manager in IT department and the accompanying staff members. The department may decide to bring efficiency in work place by improving individual performance. Team Dynamics My role in t he team was to help the rest of team members to evaluate as well as value individual differences and thinking. The team members seemed not to have been relating well because they experienced communication barriers. It is worth noting that team dynamics and the way a given team operates may be duly affected if there is lack of smooth flow and exchange in communication. If members are able to identify and understand as well as appreciate individual differences and unique thinking patterns, then a team will improve its productivity in any given department (Choi, Lee Yoo, 2010). This is an integral opportunity for me to help every member towards accepting one another so that there will be individual and team improvement in performance. My role affected the team’s dynamics by changing their individual perspective towards each other. So far, tea members have been able to improve on communication skills especially when communicating with each other. In addition, there is more value attached to individual differences in terms of gender, age and other unique attributes. This level of growth within the tea has been instrumental towards the success of the group. After initiating cohesion in the team, the IT department has experienced tremendous growth. Strategies One of the most important strategies that the team has devised is that which deals with how best communication can be enhanced among members. In order to attain cordial communication, promotion of good relationship among the members has been a key strategy in place. When individuals among the team resort into conflict, their performance is equally interfered with on a regular basis (Goldman, 2005).Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More It is important to re-group in order to tackle problems which are related to communication and relationship. The aforementioned strategy has been instrumental managing t he team. Other strategies include holding common meetings, setting the priorities of the team issues according to importance, seeking prompt solutions, setting up action plans on what is to be achieved within a given time. These strategies have been used in the team because IT department handles a lot of diversity. Processes and Standards The processes and standards followed by my team in order to perform well were set to accomplish group goals. They included encouraging team members through rewards, initiating learning processes for every individual, setting high standards of personal integrity, faithfulness, sincerity and trust. These are uncompromising standards that are fundamental in any team work. The team cannot accomplish its goals and have effective performance without these standards. For example, rewarding the best performers in the team can create positive competition among the members. Timely and effective recognition system has also assisted the team to understand that teamwork is real and also a rewarding undertaking (Cordery et al., 2010). As a matter of fact, successful IT teamwork depends on dedicated individuals. Therefore, recognizing and rewarding dedicated and committed members are important processes in managing teams (Wyman, 1998). Team Performance If I could reformulate the team from scratch, I would make some drastic and yet effective changes. I will create a competitive atmosphere in order ignite slow and less motivated workers. I will also change the usual time of group meetings. In addition, it will also be important to organize retreats and camps for the team in order to have ample time to discuss serious matters. The purpose of team retreats is to come up with the best strategies for developing efficient performance in the team. This involves incorporating the members in decision making instead of giving my opinions as the ultimate guide.Advertising We will write a custom essay sample on Information Technology (IT) Team spec ifically for you for only $16.05 $11/page Learn More Furthermore, every member has to contribute in order to make final findings. These camps and retreat will help a manager to have the right strategies that overcome challenges in communication processes and decision making. Finally, another drastic change which I will make concerns time management. Each hour will be utilized fruitfully. The workers will no longer waste time discussing unworthy matters. I will encourage my team to discuss matters that create cohesion and not those that promote hatred among them. The above strategic changes will finally help to improve performance especially at individual. It is also imperative that improving on the process of time utilization will also come in handy towards boosting the efficiency and effectiveness of the entire IT department. References Burgess, S. et al. (2010). Smarter Task Assignment or Greater Effort: The Impact of Incentives on Team Performance. The ec onomic Journal 120(547): 968-989. Choi, Y.S., Lee, H. Yoo, Y. (2010). The impact of information technology and transactive memory systems on knowledge sharing, application, and team Performance: a field study. Journal MIS Quarterly 34(4): 76-89 Cordery, L.J. et al (2010). The impact of autonomy and task uncertainty on team performance: A longitudinal field study. Journal of organizational Behavior 31(2-3): 240-258. Goldman, M. (2005). Surviving the Storm. Hamilton: CMA Management: 79 (19): 28-44.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More McShane, S. Glinow, M. (2009). Organizational Behavior (5th ed.). New York: McGraw-Hill/Irwin. Wyman, S. (1998). Reaching New Heights. North York: Computer World Canada: 14(6): 19-32. This essay on Information Technology (IT) Team was written and submitted by user Emelia P. to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.