Small Business Plan Free Essays

string(44) " variety of locations throughout the world\." Small Business Plan m m C C Executive Summary Proposed Name of business: Chocolate Milk Proposed address: Prime function of the business: providing a variety of clothing to men Mission statement of the business: to provide Men with quality clothing, having a variety and a great location. Vision of the business: aim of the business is to expand and franchise to allow customers to purchase quality clothing Legal structure of the business: legal structure of Chocolate Milk is a private company that is an incorporated business with limited liability. Chocolate Milk has become a sole trader, positive highs of becoming a sole trader is that you are able to make your own decisions. We will write a custom essay sample on Small Business Plan or any similar topic only for you Order Now If the business is interested in expanding in the future it will then become a franchise, doing so will expand the business so it then becomes well known and is a great marketing strategy. C C The products your business will sell: C C M M Casual T-shirts M M C C Dressy tops (club wear) M M C C M M Jeans pants (long /and shorts) Jackets / jumpers (ranging from all different materials) Swimwear (trending shorts) Accessories ( backpacks, sunglasses, bracelets) Financial goals of the business: Expanding into a franchise Having a variety of men’s clothing (shoes, hats, jewellery) To expand and produce chocolate milks own clothing line Social goals of the business: Personal goals of the business: Situation Analysis Target Market: the target market of chocolate milks business is targeting the ages of 17 to 26 these are the ages that continue to stay with the trend, the most popular clothing being casual but indie, meaning fashion that will stir the normal trend, and may even bring the old ones in. Key competitors: The key competitors of chocolate milk are a variety of high fashion trend stores that have become very popular are: These stores are high competitors because they have franchised and expanded their business. They have gone further to put up a online store for their brand, which has expanded them further, it is a good market plan that boosts up your business, and gets your name/brand known all over the world. These stores are a main threat to chocolate milk because they serve for the same age group and have the same fashion trends. The establishment stage of the business: Chocolate milk has many characteristics of the establishment stage of the business life cycle some are: Positive cash flow Creating name/brand of the business and registering it as your own Monitoring the business and evaluating the weakness’s and improving on it to then set a firm foundation for your business, for the future years, and continually improving Having a healthy customer base flowing in Benefiting your business by having a positive amount of profit Having high quality staff that will represent your business Continually staying on top of all the financial work within the business Swot Analysis  ¦| | | | Outline strengths(internal)| | Outline weaknesses (internal)| Outline opportunities (external)| Outline threats(external)| * Customer loyalty * Having popular products * Keeping up with fashions trends within the market * Having high quality staff that are continually proving themselves| | * Main weakness the business faces is that it hasn’t expanded to be an online store to further more opportunities * And having only one location is a very big challenge because advertising has to be very high * Only targeting men| * To target the online market sales * Having new technology to increase our customer base (advertising on high end sites that will gain interest of customers)| * Customers are continually using the online buying instead of going into stores which threatens chocolate milk. * People make cheaper clothes that look the same as chocolate milks brands. | Operations plan Key products that will sell: Key products that chocolate milk will sell are high new quality clothing all original and unique in their own way, the clothing brands we are to sell are what will bring the business to have a high product sales. Service offered: Chocolate milk is located in one of the high fashion places in Sydney, this gives us a variety of great customers, having a large store that operates with a large range of clothing, walking into the store gives males a variety they need. Equipment required: Equipment chocolate milk will need to operate the store and to be able to display all the products will be a variety of different shelves, racks, tables, dressing rooms, POS ( two, point of sale), a steam iron ( for the more delicate items that crease), those are the items needed. Laws and regulations: As any business they need to follow the laws and regulations that the Government put down, by doing this your bettering your business by having guidelines and rules, this really contributes to your business/workplace. Some of the laws and regualstions that chocolate milk needs to abide by are: * New South Wales Occupational Health and Safety Act 2000 * Sex Discrimination Act 1984 * The Age Discrimination Act 2004 * Equal Employment Opportunity * Fair Trading Act * Fair Work Act * Australian consumer rights * NSW Tax laws and regulations Suppliers and their location and what they are supplying: Levi – Levi home base is located in ‘San Francisco, the United States’ since the company’s founding in 1853. But through the years their headquarters have branched out and some of these locations are now in Brussels-Europe, Middle East and North Africa, Singapore – Asia Pacific Division Headquarters. This brand/label will supply Chocolate Milk with high quality jeans, ranging from all different types of denim material, and all having a unique design. Address/location/country/Telephone/Fax San Francisco, U. S. A| Europe, Middle East and North Africa| Singapore| Levi Strauss Co. 1155 Battery StreetSan Francisco, CA 94111U. S. A. Tel: (415) 501-6000Fax: (415) 501-7112| Levi Strauss Europe, Middle East and North Africa (LSEMA) Avenue Arnaud Fraiteur 15-23 1050 Brussels, Belgium Tel: (32-2) 641-6011| 1 Kim Seng Promenade #16-01 Great World City East Tower Singapore 237994 Tel: (65) 735-9303 Fax: (65) 735-2923| Wrangler – Its headquarters is in Greensboro, North Carolina in the United States, with headquarters in a variety of locations throughout the world. You read "Small Business Plan" in category "Essay examples" Some of them are based in North America, Asia, Latin America, and Europe. This brand/label will provide chocolate milk with top of the range; jeans, T-shirt, Jackets, and accessories that will help your fashion trends throughout the seaons. Australian headquarters based in Victoria TRUE ALLIANCE 270 DAREBIN RD FAIRFIELD VICTORIA AUSTRALIA 3078 +61 3 9481 9999 Factors affecting choice of suppliers: Chocolate Milk has chosen these brand/labels for the purpose that they are well known all over the world, they have the trending fashion for men that is very popular, all the brands have high quality clothing they all brands appeal to target market being male men of the ages17 to 29. These labels are well known for the quality product they produce and with this comes affordable prices. Shop layout My shop layout is convenient in many ways not just to my business that is very high in advertising of the products but the way the public view it from the outside as well. I want my shop to be known as a well-respected business throughout the community. The way I’ve designed my shop is to bring customers in, hoping they’ll be intrigued by the displays and the whole cleanness of the shop, the environment is clean that I am in, so my shop shouldn’t ever be below standards. I have defined clear exits signs (emergency exits) making it easy for people to view and the shop is very open and spread out so there should be an obstacles in the way in case of an emergency, this also help my customers to walk freely throughout the shop not feeling confined. The theme of the shop is wild and free letting the young youth of our generation be shown through all the displaying furniture, having unusual displays to present the product this is how we intrigue our target market, by the unusual. Inventory Control: The way I will be able to monitor my inventory flow (stock), I will be coming into work on the day the business is closed ‘Wednesday’ being that day and I will be going through all the items my ‘inventory’ whether that be the clothes, accessories. I will be filling out how many items we have out on display and at the back (storage) and the sheet I have printed will tell me how many I should have in stock, and I will then count up how many we have displaying and out back in storage, and then come up with a final sheet to see if any of the stock is missing. Example inventory control sheet: Date: Wednesday 25th of July| Name: clothing stock take| Label| Item Code| Category| The quantity you should have in stock| Quantity you have:| Inventory lost | Levi| M308352929723| Jackets- denim| 20| 20| | Wrangler| S934U935U2020| Original wrangler T-shirt -cotton| 15| 13| 2| Element| D9234834E0343| Hat| 5| 5| | Stussy| H2349743752H2| Singlet| 11| 11| | | | | | | | | | | | | | Quality control procedures- Depending on the flow of inventory that is getting sold, that will decided on the amount of stock that will be brought . Whether extra stock should be brought for a popular item (one that is getting sold out). Again buying more stock and new stock for the seasons depends on sales. Employment relations Plan: The levels of staffing in Chocolate Milk are: 1 full time 5 part time staff Recruitment process/ development program: The recruitment approach that chocolate milk uses is a 7 stage process, this process consists of: After this you will begin training, 5 training shifts where you will be shown through the procedures of the shop and POS. After this you will begin training, 5 training shifts where you will be shown through the procedures of the shop and POS. Website (www. chocolatemilk. com. au) Website (www. chocolatemilk. com. au) You will attend an introduction day going through the shop and answering any questions. You will attend an introduction day going through the shop and answering any questions. Options- career -fill out cover letter and resume plus availability (hours days ) Options- career -fill out cover letter and resume plus availability (hours days ) Then after the 5 shifts you are able to be on your own if needed, but you will be watched for a 3 month period Then after the 5 shifts you are able to be on your own if needed, but you will be watched for a 3 month period If you receive a call back again after the face to face interview you have been successful and received the job If you receive a call back again after the face to face interview you have been successful and received the job If selected you will receive a phone call, (an over the phone interview) If selected you will receive a phone call, (an over the phone interview) During face to face interview you will be asked a series of questions and fill out more application forms During face to face interview you will be asked a series of questions and fill out more application forms If selected again after the interview you will be called to have a face to face interview If selected again after the interview you will be called to have a face to face interview New employees go through a introduction day, this day will give them more insight on the business they will soon be working for. This day consists of going through the everyday procedures, and going through all the rules and regulations of the business. When rostered on they will be going through five training shifts, these training shifts will consist of learning: * Learning POS (Point Of Sale) ( greeting the customer) * Team work ( a successful business is only successful if everyone works together) * Floor duties ( moment of truth- be polite to customers by greeting them) * Decision making * Emergency exit meeting point Employee wages: * Full time staff – $ 20 an hour Part time staff – $ 16 an hour Days| Danielle| Jess| Mel| Stephanie| Nicole| Mechelen| Hours open| Monday| Danielle| Jess| | | | | 7hrs| Tuesday| Danielle| | | | Nicole| | 7hrs| Wednesday| Danielle (stock)| —–| ——-| ————-| ———- | ————| 2hrs| Thursday| Danielle| Jess| Mel| | | | 7hrs| Friday| | | | Stephanie| | | 4hrs| Saturday| Danielle| | | | Nicole| Mechelen| | Sunday| ———–| ——-| ——-| ————-| ———–| ————| ———–| Total worked hours during the week:| 30hrs| 14hrs | 7hrs| 4hrs| 14hrs| 7hrs| | On-costs for the business Some on-costs of Chocolate Milk are: * OHS requirements Long service leave * Sick leave * Holiday pay * Maternity leave * Leave loading * Wages * Insurance Non-monetary benefits: Chocolate Milk has many non-monetary benefits for staff members that have done great work and have shown that they are following work procedures and guidelines; some of these are: * Retailer voucher * Movie voucher * Discount on products Worker appraisal process: * Promotions within the business * Rewards received ( extra benefi ts, for following working procedures) Marketing Plan Marketing objectives: Chocolate Milks marketing objective is to increase the business of the store (getting the name known) by 40% in the next 12 months. By doing this we will have a high customer base, and we will be able to add more features to our stores: e. g. Loyalty cards, giving our employees discounts and promotional offers. Competitive advantage of this business Chocolate Milk as a business has many competitive advantages such as; * Unique clothing * High up in all fashion trends * Staff continue to help the business grow * Targeting the young youth Product strategies| Pricing strategies| Promotion strategies| Distribution strategies| -great quality products-unique designs-the products that are sold are eye catching -| Chocolate uses Market price method of pricing-the products sold at Chocolate milk have a price mark-up of 2. (250%)| Upselling of business– staff tell customers the benefits of the storeA big promotional strategy are loyalty cards Advertising- advertising on high end sites or social networks for example Facebook, and magazines | The distribution method used for Chocolate Milk is:Producerwholesalerretaile rCustomer| Financial Plan Type of finance required: The owner equity is 20’000 to start up the business while the loan was 10’000. This was the best option of finance because Chocolate Milk needed this to start up the business and push through all the circumstances and challenges of the establishment stage of a business. Breakeven point – Breakeven point in needed to see the estimate amount of goods you need to sell to make a profit. Break even = total fixed costs Unit price – variable costs per unit 193508 40 – 15 = 7740. 32 000 $000 108 Breakeven6 Variable costs , Fixed costs4 Revenue20 100 200 300 400 500 600 700 800 1000$0000 $0000 | Revenue: Revenue Statement Chocolate Milk For year ending Sales 500 000 Less COGS 80 000 Gross Profit 420 000 Less Operating Expenses Selling expenses Advertising 2000 Wages 88608 Deliveries 1000 91608 Aministrative expenses Rent 104000 Telephone 2000 Stationary 200 106200 Financial Expenses Insurance 1500 1500 199308 Net profit 220692 Revenue Statement Chocolate Milk For year ending Sales 500 000 Less COGS 80 000 Gross Profit 420 000 Less Operating Expenses Selling expenses Advertising 2000 Wages 88608 Deliveries 1000 91608 Aministrative expenses Rent 104000 Telephone 2000 Stationary 200 106200 Financial Expenses Insurance 1500 1500 199308 Net profit 220692 This Revenue statement allows the business to be financially stable. Due to the high cost of rent and wages, the business may suffer through the year and not make a substantial amount of net-profit. Even though these expenses of the business are very high it is necessary and relevant, this revenue statement shows that needs to increase sales so the net profit will not be as affect when all the expenses are paid. Balance Sheet: This Balance Sheet shows that the businesses assets to liabilities and owners’ equity are balanced. This allows Chocolate milk to be financially stable. Balance SheetChocolate MilkAssets LiabilitiesCurrent AssetsCurrent Liabilities Accounts Receivable 19000Accounts Payable 900stock 3400 Non-current AssetsNon-current LiabilitiesEquipment 590Loan 2090Owner’s EquityCapital 20 0002299022990| How to cite Small Business Plan, Essay examples

Nursing Leadership Healthcare Centers

Question: Discuss about the Nursing Leadership for Healthcare Centers. Answer: The health care sector of the modern days is under constant change, and it is challenging for the healthcare centers to provide treatment according to the demand of a situation. With the expansion of the healthcare industry, there is a fierce competition within the market. The leadership skill is one of the prime requirements in the clinical practice, which will help to improve the quality of health service that is providing to the society. According to Hauck e al., (2013), the commitment towards the objective with full passion is highly necessary for a leader to gain respect and reputation among the stakeholders. The dedication towards the patient advocates, employee advocates, and clinicians are highly essential for a person in the role of nursing leadership (Makaroff et al., 2014). The essay deals with a clinical issue-satisfying patients and their families related to the leadership in nursing and clinical practice. Focus is also given to the importance of clinical leadership and the key changes that are required in this field in the modern context. The essay highlights the critical analysis of the issue and the barriers that exist in the nursing and leadership while dealing the issue. The essay provides the critical discussion of the leadership attributes and skills essential to facilitate and evaluate the change process and outcomes. Since several decades the healthcare organizations have been striving hard to increase the patient satisfaction. With the growth in the health care industry, there is an increase in competition (Cherry Jacob, 2015). Therefore, more people intend to access the health care dollars. Thus patient satisfaction has become critical. Patients are unwilling to visit the care facility that does not maintain records of the customer satisfaction. The other factors affecting the patient satisfaction is the preoperative delay and extended stay in hospital (Rokstad et al., 2015). Since mostly nurses interact with the patients and their families, there is a need for nursing leaders to devise an improvement plan to enhance the treatment experience. Being the first line of defense it is crucial for nurses to assure patient safety. Nurses are uniquely placed to address these challenges and successfully navigate the changes in the health care legislations (Wong Laschinger, 2013). Thus, the leaders of the healthcare institute have to face the tough challenge to maintain the high level of patient satisfaction. According to Grossman Valiga, (2012) patient satisfaction is the important issue as it affects the clinical outcomes medical malpractice claims and patient retention. It affects the patient-centered delivery of quality care in timely and efficient manner. Customer satisfaction increases staff morale and efficiency which reduces the staff turnover. Therefore, this ensures consistent profitability and increases productivity. According to Hutchinson Jackson, (2013) over the lifetime of the practice, loss of over $200,000 in income has been reported due to dissatisfaction and loss of the patient. Patient satisfaction decreases the price wars. Health organization with high customer loyalty can charge high price without losing their market share. In the USA, 70% of the patient willingly pays more money when they consult a quality physician of their choice (Laschinger et al., 2015). This makes patient retention easier. Thus, patient satisfaction is a measurement indicator of the success o f hospital and medical professionals. A health organization faces several barriers while implementing practices that are patient-centered and enhance patient satisfaction. According to Rokstad et al., (2015) non-uniform technologies and policies are the barriers to the consistent provision of patient and family centered care. Faster standardization of the policies and patient-centered care requires independence from other projects. Further, there is a lack of the model for all the medical specialties. Mostly, practice models are focused on guiding nurses in specific role whereas they play a variety of roles (Wong, Laschinger, 2013). Appropriate managers and nurse specialists must clarify the problem solving processes and develop strategies for knowledge acquisition. Cherry Jacob, (2015) highlighted that nurses are not fully engaged in a manner required to accept and implement policies related to patient and family centered care (Grossman Valiga, 2012). The barriers to change for nurses also include an inability of the organization to perceive the importance of increased influence and leadership of the nurses in decision making or generation of revenue. Nurses focus only on the acute care and do not have weight in their say on national issues, which is an additional barrier. Also, nurses have less influence in reducing medical errors, improvement of quality care, and in wellness promotion (Makaroff et al., 2014). Hutchinson Jackson, (2013) highlighted that nurses and patients have the least amount of influence on health care reforms that hinders the change initiative process. Nurses at all levels require strong leadership competencies to promote patient satisfaction. All the nurses playing a role as a leader must be clear with the concept of innovation, quality, teamwork, integrity, innovation, service, and compassion (Wong, Laschinger, 2013). Nurses as a leader must be both functional doers as well as thoughtful strategists. It is vital for nurses to have decision-making skills. They must act independently based on the evidence, education, and their experience. Effective leadership skill needs nurses to be influential as most of the time nurses interact with the patients and their families. Nurses should be influential in increasing access to primary care. According to Hauck, Winsett Kuric, (2013), there is a need for nursing leaders to have knowledge and critical awareness of the care delivery system, know the fundamental aspects of ethical care, teamwork within and across disciplines, foundations for quality and safety improvement, effective advocate for patient and theories of innovation. Nurse leaders can be successful in addressing patient-related challenges by having effective communication and collaborative skills to mutually work with others as full partners. This leadership skill has been effective in improving patient outcome, and decrease in medical errors. Working with others in the context of mutual respect has been associated with less staff turnover (Grossman Valiga, 2012). The collaborative behavior of clinical leaders have been documented to decrease the length of hospital stay, preoperative delays, increased job satisfaction, retention among nurses, cost savings and improved teamwork (Laschinger et al., 2014). Wong et al., (2013) believes that the leadership style should be such that it must flow in all directions and at all levels. Effective nurse leaders engage colleagues, executives, and subordinates to work together to identify and achieve the common goals of the organization. This leadership style holds physicians, nurses and other involved health care professionals accountable for improving quality and reducing the preventable medication errors. Hauck et al., (2013) believes that nursing leaders intending to pursue business development or entrepreneurial opportunities must develop competencies in the areas of financing policy, market forces, regulatory frameworks, and market forces. According to Blais, (2015), nurse leader rounds have been found to be an effective strategy in improving patient satisfaction in some hospitals. I will embrace the elements of this strategy which include setting a "site-specific annual goals" were nurses must strive for achieving 90th percentile performance. One can make solid progress by learning from those achieving goals. Goal setting will help overcome day-to-day challenges such as preoperative assessment, reducing the surgical cancellations. It also includes a use of evidence and practicing accountability for particular patient-centered action and medical errors (Rokstad et al., 2015). This strategy also includes preparing of reports to track the changes and improvements. I have always been benefited from the self-evaluation method and reflective practice as it is an efficient method in the process of self-development. As a nursing leader, I will collaborate with my seniors to make any changes in patient related policies to impr ove the outcomes. The literature evidence suggests that nursing led rounds have identified few key challenges that are the higher demand for leader time, systemic follow up of lessons from rounds, focus on new changes required, and reliable implementation of local monitoring systems (Galletta et al., 2013). As a good leader, I will introduce myself to the patient and collect feedback from the patient regarding the care received, concerns and experience so far. I will effectively communicate with the patient's family member during rounds if anyone has made the patient's stay extra special in the hospital and what made it special. This communication will help me in identifying any gaps in the service such as low ICU beds that is to be addressed and exceptional patient and family experiences visiting the facility. This internal monitoring will help me to ensure that the commitment given to the client is respected. Simultaneously I will make sure that both the quality and quantity of the practice is maint ained. During rounding conversations, I will figure out if any of my juniors require additional mentoring for developing their abilities to meet and exceed patient expectations. According to Hutchinson Jackson, (2013), transformational leadership is effective leaderships style as it involves strong "leader-follower" engagement in the pursuit of jointly held goals and is considered inspiring. I like this style as it gratifies the follower's needs, motivation, and values as well as leaders' preferences in response to the follower. Therefore, I would adopt this style to enhance patient and family satisfaction. To lead nurses must implement innovative ideas by tracking the context of the social context. They need to develop ideas, to acquire a seat in policy making body, create innovative care models at the bedside, or courageously approach management. This will help them develop sustainable and reliable solutions (Grossman Valiga, 2012). There is also a need for shift required in the way nurses view their responsibility of care, work in full partnerships with other professionals, must socialize and educate others in the setting (Cherry Jacob, 2015). All the nurses and clinic managers must have the basic grasp of the leadership skills, and it can be mastered over time. These skills are required to understand and anticipate the population trends. To be successful in partnerships roles, leaders must be equipped with conflict resolution and negotiating skills (Makaroff et al., 2014). For example, before clinical procedure say, Catheter insertion if there is a need of filling and completion o f a checklist as a part of safety strategy, nurses must ensure that all the instructions are followed correctly. If any physician or a nurse has been found with noncompliance to the checklist such as a use of sterile field with contaminated hands and legs, or any carelessness, then the nurse must have the basic leadership skills to charge the person to follow the steps of protocol strictly. The crucial aspect of nurse leaders focused towards patient and family-centered care is the skill to assist patients in practicing self-care. Nurses must play a role of servant leader," a style that requires nurses to be concerned with patients growth they are serving. Self-development, humility, accountability, visionary, are the characteristics of the serving leaders (Grohar-Murray et al., 2016). As a nurse, I would cultivate the skills of servant leader as it is more focused towards addressing patient needs and concerns. Thus, it will be more effective in enhancing patient and family satisfaction. I would like to upgrade my problem solving abilities because most patients complain about difficult in documenting their complaints in a hospital. For me apologizing for inconvenience is not an option rather I believe in taking steps that prevent such incidents in future. Conclusively, patient satisfaction is a strong motivating factor and a proxy indicator of the success of hospital and performance of medical professionals. Healthcare leaders are faced with many challenges, and their key priority is to provide exceptional care experiences to the patients and their families to enhance the level of satisfaction. The attributes and skills of an effective leader evident from the literature review have enlightened my need to strive hard to achieve these skills as I am far behind in the way of being an effective leader keeping in view the challenges and demands of present health care industry. As a leader, I would work on the successful leadership skills and attributes identified in the literature to enhance my performance. References Blais, K. (2015).Professional nursing practice: Concepts and perspectives. Pearson. Cherry, B., Jacob, S. R. (2015).Contemporary nursing: Issues, trends, management. Elsevier Health Sciences. Galletta, M., Portoghese, I., Battistelli, A., Leiter, M. P. (2013). The roles of unit leadership and nursephysician collaboration on nursing turnover intention.Journal of Advanced Nursing,69(8), 1771-1784. Grohar-Murray, M. E., DiCroce, H. R., Langan, J. C. (2016).Leadership and management in nursing. Pearson. Grossman, S. C., Valiga, T. M. (2012).The new leadership challenge: Creating the future of nursing. FA Davis. Hauck, S., Winsett, R. P., Kuric, J. (2013). Leadership facilitation strategies to establish evidence?based practice in an acute care hospital.Journal of advanced nursing,69(3), 664-674. Huber, D. (2013).Leadership and nursing care management. Elsevier Health Sciences. Hutchinson, M., Jackson, D. (2013). Transformational leadership in nursing: towards a more critical interpretation.Nursing Inquiry,20(1), 11-22. Laschinger, H. K. S., Wong, C. A., Cummings, G. G., Grau, A. L. (2014). Resonant leadership and workplace empowerment: The value of positive organizational cultures in reducing workplace incivility.Nursing economics,32(1), 5. Makaroff, K. S., Storch, J., Pauly, B., Newton, L. (2014). Searching for ethical leadership in nursing.Nursing ethics, 0969733013513213. Rokstad, A. M. M., Vatne, S., Engedal, K., Selbk, G. (2015). The role of leadership in the implementation of person?centred care using Dementia Care Mapping: a study in three nursing homes.Journal of nursing management,23(1), 15-26. Wong, C. A., Laschinger, H. K. (2013). Authentic leadership, performance, and job satisfaction: the mediating role of empowerment.Journal of advanced nursing,69(4), 947-959. Wong, C. A., Cummings, G. G., Ducharme, L. (2013). The relationship between nursing leadership and patient outcomes: a systematic review update.Journal of nursing management,21(5), 709-724.

Systematic Auditing and Assurance Services †MyAssignmenthelp.com

Question: Discuss about the Systematic Auditing and Assurance Services. Answer: Introduction: Bega Cheese operates in the dairy industry where they supply cheddar cheese as well as processed cheddar cheese into the retail and food service markets in and across Australia (William Jr, Glover and Prawitt 2016). The company is a public listed and owned by shareholders where the business manufactures natural cheddar cheese that can be either cut or pack the cheese into the retail packs made available in the supermarket. Bega Cheese has forever supposed the best approach for building value as well as managing risk for combining with the enduring knowledge as well as business information with innovative approaches and thoughts (Elder, Beasley and Arens 2012). The company delivers number of positive outcomes for its stakeholders for the financial year 2017 where they face many challenges and intense competition. The company works together for generating top line revenue growth, improved financial performance as well as maintaining strong balance sheet at the time of investing in the near future. The company built on partnerships with the valued customers as well as maintaining trust from valued milk suppliers (Ricchiute 2014). What particular laws or regulations affect its operations? National Greenhouse and Energy Reporting Act 2007- Bega Cheese Group is subject to Federal as well as State Environmental Regulations. This takes into consideration the reporting requirements under the above-mentioned act (Louwers et al. 2013). State Environment Protection Regulations- Bega Cheese manufacturing sites are licensed under the regulations where the licenses stipulated performance for all the emissions such as air, noise, odour and wastewater (Gay and Simnett 2015). Bega Cheese has a code of behavior that enclose a cohesive set of philosophy as it will engage all the officers and employees for abiding by the business and dealing with the stakeholders In the year 2016, Chinese authorities proclaim changes for regulating the sale as well as allocation of infant formula to China (Garner 2015). The company is well placed for operating activities in accordance with the revised legislation that anticipates for coming into effect in the year 2017. Bega Cheese continues to work with the regulators as well as actively involved in managing actions for reducing the emissions to air and waste water volumes (Elder, Beasley and Arens 2012). The Protection of the Environment Act 1997 The Clean Energy Act 2011 Identification of five inherent risks for the audit of Bega Cheese Inherent Risk is one of the risk that is pretense by an error or omission in a fiscal statement because to a feature other than a malfunction of control. It is the risk that mostly occur other than a failure of control where the transactions are intricate or situations that need a high degree of decision in regards to fiscal approximation (Elder, Beasley and Arens 2012). Some of the inherent risks faced by Bega Cheese at the time of audit are as follows: Understanding the risk as well as control systems operated by Bega Cheese used for assessing the design and effectiveness that include managing compliance. As a food producer, Bega Cheese faces various communal sustainability risks that take into consideration matters connecting to safety of products as well as workforce in the communities (Eilifsen et al. 2013). It is all about consumer safety that should be taken as top precedence and any breach to that will result to reputational damage. Bega Cheese mature quality management takes into consideration quality declaration with absolute traceability of the entire element as well as products (Elder, Beasley and Arens 2012). Bega Cheese expose to various financial risks such as market risks. The market risk comprises currency risk, price risk and interest rate risk. Addition to that, there are even credit risk and liquidity risk that are faced by Bega Cheese (Campbell 2015). The company risk management approach mainly deals with the unpredictability of fiscal markets as well as finds ways for minimizing probable unfavorable effects on the financial presentation in the most appropriate way (Elder, Beasley and Arens 2012). Bega Cheese uses derivative financial instruments like foreign swap contracts for hedging specific risk exposures. It is the derivatives that are used for hedging purposes and not for trading of any tentative purpose. Bega Cheese uses various techniques for measuring the risks to which they are exposed (Elder, Beasley and Arens 2012). The methods used by the company include sensitivity analysis especially for interest rate, foreign exchange as well as price risks. One of the inherent ris ks is assessing the internal controls as well as policies and procedures that complement delegated responsibilities of management for the given functions. This includes assessing the adequacy of the policies, procedures and internal controls at the same time. Bega Cheese Audit Committee need to assess whether there are adequate resources as provided for the management after taking care of delegated responsibilities (Bierstaker 2012). Bega Cheese exposes to market risks in relation to foreign currency as well as interest rate actions. The company enters into a wide assortment of derivative financial instruments for managing exposures where it takes into consideration foreign currency contracts for hedging exchange rates risks from the sale of exported goods as well as purchase of imported goods (Arens, Elder and Mark 2012). Other inherent risk faced by Bega Cheese is monitoring as well as review at least annually on the risk register. The auditor needs to collect external as well as internal information that is directed to the Committee that necessitates strengthening or reviewing of internal controls (Elder, Beasley and Arens 2012). Inherent risk include situation where auditor of Bega Cheese need to make sure that all material as well as compliance risks are adequately reflected in the financial statements (William Jr, Glover and Prawitt 2016). The Governance Assurance Manager as well as internal auditor that prepares the annual governance and assurance audit plan that details the activities to be undertaken for each year in regard to key organizational risks in the business. It is in accordance with the determination of Enterprise wise risk management framework as well as material financial risks and last audited figures (Arens, Elder and Beasley 2016). Foreign exchange risks arise from the future commercial transaction as well as recognized assets and liabilities that demonstrate in a currency that is not the entity domiciled currency (Arens et al. 2015). Bega Cheese exports dairy products that are exposed to the foreign exchange risk that moves in exchange rate of US dollar. Bega Cheese involves in purchase that include capital equipment, ingredients as well as packaging that actually expose to the movements in exchange rates of US dollar and Euro. Internal audit is one of the key responsibilities of Governance as well as Assurance function within Bega Cheese (Elder, Beasley and Arens 2012). It is role of the internal auditor for providing independent as well as objective assurance in the adequacy and efficiency of Bega Cheese arrangement for risk administration, governance and internal control. Addition to that, the auditor need to make recommendations that will help in improving the effectiveness as well as efficiency of systems and process (William Jr, Glover and Prawitt 2016). Assessing the likelihood of the potential reliance that could place on the overall control environment From the Corporate Governance arrangements of Bega Cheese, it is understood that the company is committed towards maintaining higher standards of accountability as well as transparency in the administration and behavior of its trade operations (William Jr, Glover and Prawitt 2016). Board of Bega Cheese has accepted corporate governance strategy as well as practices that it is reliable with the sustained augmentation as well as achievement. This leads to constant improvement of value for Bega Cheese group shareholders. Bega Cheese has a diversity as well as inclusive strategy used for building a competitive advantage for the particular company. Addition to that, the strategy used need enduring assurance for leaders that embeds a society of improved thinking on matters relating to working in a diverse work environment (William Jr, Glover and Prawitt 2016). Bega Cheese has made strategies in involving for gaining acceptable development towards achieving the assortment approach objectives. It is represented by women who occupies the management position and increased from 23% to 26% during the previous years (Elder, Beasley and Arens 2012). Audit and Risk Committee is comprised of Independent Director who has certain responsibilities for overseeing the procedure of financial coverage, non-financial risk administration as well as internal control and compliance on external audit (Elder, Beasley and Arens 2012). Audit and Risk Committee members of Bega Cheese will be monitoring the compliance with laws as well as regulations in its own policies. The company should ensure in maintaining positive association between Bega Cheese and he external auditor that remains self-governing. It is necessary for the company for evaluating the adequacy of process as well as control over the established ways for identifying and managing the areas of potential risk in a given way (William Jr, Glover and Prawitt 2016). Reference List Arens, A.A., Best, P., Shailer, G., Fiedler, B., Elder, R.J. and Beasley, M., 2015.Auditing and assurance services in Australia: an integrated approach. Pearson Education Australia. Arens, A.A., Elder, R.J. and Beasley, M.S., 2016.Auditing and assurance services: An integrated approach. Prentice Hall. Arens, A.A., Elder, R.J. and Mark, B., 2012.Auditing and assurance services: an integrated approach. Boston: Prentice Hall. Bierstaker, J.L., 2012. Auditing and Assurance Services.Issues in Accounting Education,17(3), pp.341-344. Campbell, D.R., 2015. Auditing and Assurance Services.Issues in Accounting Education,16(1), pp.157-157. Eilifsen, A., Messier, W.F., Glover, S.M. and Prawitt, D.F., 2013.Auditing and assurance services. McGraw-Hill. Elder, R.J., Beasley, M.S. and Arens, A.A., 2012.Auditing and Assurance services. Pearson Higher Ed. Garner, D.E., 2015. Auditing Assurance Services.Issues in Accounting Education,13(3), p.768. Gay, G.E. and Simnett, R., 2015.Auditing and assurance services in Australia. Sydney: Mcgraw-hill. Louwers, T.J., Ramsay, R.J., Sinason, D.H., Strawser, J.R. and Thibodeau, J.C., 2013.Auditing and assurance services. New York, NY: McGraw-Hill/Irwin. Ricchiute, D.N., 2014.Auditing and assurance services. South Western Educational Publishing. William Jr, M., Glover, S. and Prawitt, D., 2016.Auditing and assurance services: A systematic approach. McGraw-Hill Education.

Advanced research methods - Smart Custom Writing Samples

Advanced research methods - Smart Custom Writing Functions of fleet managementThe function of fleet management is to enable organizations which depend on transportation in their operations to discard or reduce perils associated with motor investment, improving competency, productivity and minimize the long run expenses, and offering policies which are 100% government friendly among others (Crainic, p 10). Fleet management involves vehicles such as Lorries, tractors, cars, containers among others. It comes with a wide range of functions which includes maintenance, tracking and health management. A system of tracking, GPS (global positioning system), can be used to perform all these functions (Broida, p11). A recent study indicates that, commercially, the numbers of fleet units which are in offing in Europe are over one million (Crainic, p 12). This article attempts to define the possible on-going functions in fleet management. It will highlight the differences between the initial activities from on going functions in fleet managemen t. Finally, it will explain why the ongoing functions are needed (Crainic, p 13). The major function of fleet management it motor tracking system. Basically, this system uses global positioning system (Broida, p11). This particular system is so efficient that it can track a car in any place in different languages. This is one of the on going functions. Initially this was difficult because the GPS facility was not in the offing (Broida, p11). Another ongoing function is getting information by linking the motor with the global positioning system to get information for the user. When this is done, it assists in getting rate of fuel consumption and readings on the mileage. Initially, this was only possible physically and not through the computer (Dolce, p32). Fleet management has played a big role in getting information how the drivers are carrying themselves around. This has been made possible by integrating information from the tracking device and the computer. This is yet another on-going function by fleet management which initially was not possible (Dolce, p35). Another important function is the security. The security covers the car while at rest or while moving and it carefully disconnects the car while on the move. Through this, the fleet management has made it possible to recover any stolen car. The security is yet another development which was not there initially. This service is needed because it helps in reducing losses as far as the number of vehicles stolen is concerned (Broida, p23). Ship management is control of the ship while in water. This basically is done so as the fleet management can provide competent staff, offer maintenance and manage the daily operations. By doing this, the owner is given an opportunity to go book cargo. Initially, the whole responsibility was left in the hands of the owner. This type of arrangement is needed so as to ensure quality services are offered by the ships (Broida, p25). The device that disconnects vehicles using a remote is yet another function of fleet management. This facility does not allow the engine to work and therefore the car does not move (Crainic, p 22). The system is even able to alert the one driving the car that the disconnection is almost happening. The same system of disconnecting remote can be merged with danger remote so that in case of an urgent thing the driver can easily communicate thus the situation is addressed immediately (Crainic, p 22). Initially the remote had only the key responsibility of disconnecting the engine but it has been discovered it can be used to alert I case of emergency. This is needed because it can be used to reduce accidents on the road and in water (Crainic, p 23). In conclusion, fleet management has experienced what can be said to be a milestone if compared with its functions initially. The advancement of technology has made it possible for global positioning system to be discovered. This has seen the fleet management grow. Works cited: Crainic, T.G., Crainic, G. Fleet management and logistics New York: Springer, 1998 2-56 Dolce, J. Fleet management New York: McGraw-Hill, 1984 3-46 Broida, R. How to do everything with your GPS New York: McGraw-Hill Professional, 2003 4-78

An Overview of Genetic Engineering essays

An Overview of Genetic Engineering essays Imagine a world full of 'mini Hitlers' seeking world domination, killing millions as their solution to establish a superior race or bunch or 2 headed humans eating a pig with 6 legs. These scenarios may sound like something out a science fiction novel, but this is the kind of things that people think about when they hear the words 'genetic engineering' Genetic engineering is now an important part of this world. It is used to cure diseases, develop food that grows faster and food that's healthier. Without genetic engineering, it will not be possible to feed the 10 billion humans expected by the year 2030. Only by using this new technology can we increase food production enough so that it is possible to feed this growing world. This can be done by producing plant varieties that are more precisely adapted to local conditions. This also helps poor farmers by reducing their expenses such as pesticides. In developing worlds, there are over 100 million children with vitamin A deficiency causing huge problems such as blindness. These people eat mainly rice and rice has no vitamin A. Right now the only way they can get enough vitamin A is by costly supplements that don't reach everyone. So scientists are genetically engineering rice so that it contains vitamin A, and this rice seed could be distributed to the poorest areas of the world, a brilliant and simple idea. So how can consumers live in the developed world benefit from plant biotechnology? Using modern biotechnology scientists have already produced food with improved flavor, food that is better for health and food with better qualities. Examples of these are apples and sweet corns that are insect resistant, frost resistant strawberries, and seedless grapes. One of the main reasons why people oppose genetic engineering is that they think biotechnology is an imprecise science and so it will likely to result in unanticipated outcomes and dangerous surprises. But did you know th...

The Fog of War Essay Example | Topics and Well Written Essays - 750 words

The Fog of War - Essay Example This exercise representing the life drama, especially when it comes to public persons, demonstrates the evolution of human consciousness. Reflecting upon the autobiographical milestones Robert McNamara makes a direct connections to the significant events such as the end of World War I, Great Depression, World War II, bombings of Japan, raise of post war capitalism while working at Ford company, appointment for the Secretary of Defense and Cuban missile crisis, war in Vietnam, and subsequent awareness of the situations and actions during the conferences with principals from Cuban crisis and Vietnam War. It is interesting how he applies in the statistical method in order to analyze the sequence of events talking about proportionality of civil casualties and military efficiency (The Fog of War). The most prominent part of McNamara’s life that left a footprint in the American history, was a period of his appointment for the position of the Secretary of Defense under the Kennedy an d later Johnson administration. By the time he was asked to join the cabinet in November 1960, he had already made a career in Ford Motor Company. Advancing rapidly to the top-level management positions McNamara become the first company head selected outside the Ford family. Probably due to his uncommon ability to immerse in the subject and learn quickly he achieved such an outstanding professional success. Although not having any special knowledge about the defense, McNamara quickly begins to play an active role, introducing several innovations into the ministry and stimulating progress (â€Å"Robert S. McNamara†). Strategically both Kennedy and McNamara opposed the idea of massive retaliation making an emphasis on increasing the limited warfare capabilities through the training and equipment of the American and allies’ military personnel. McNamara argued that the principal military objectives should follow the â€Å"no-cities† concept aimed at destruction of t he enemy’s military forces and not his civilians in the case of both nuclear and conventional warfare. In the Fog of War he states: â€Å"proportionality should be a guideline to war† (The Fog Of War). Due to the huge public resonance to Vietnam War McNamara as a person that embodied the entire system became an object to blame for the failure. It is quite common to demonize a single person and truly believe that only this single person has a responsibility for sufferings the people face because of the war. The Morris’ film is called the Fog of War in order to express the usual uncertainty inherent to the war. This term precisely describes the situation mutual deterrence of the Cold War in general and numerous political incidents between two superpowers in particular. Also I think the term can be applied to express the uncertainty on the personal level considering assumptions, logic, and posterior awareness of the individual who took a direct part in those events . As many of Morris’ films, Fog of War intends to put across a message that the situation tends to go out of control. In fact it is never under rational actor’s control. The example of Cuba missile crisis from the McNamara’s story demonstrates this point. The statement can also be referred to the overall uncertainty not only in the war but in life in general (Anderson, â€Å"the Fog Days†

Analysis of Genealogy of Morals Essay Example | Topics and Well Written Essays - 2250 words

Analysis of Genealogy of Morals - Essay Example Instead of understanding as being inherent or natural, he argues, they are the instruments of the privileged few to preserve the status quo and keep themselves in power. In Nietzsche’s point of view, this directly undervalues them. I argue that he perceives this notion of good and evil as philosophically worthless and, moreover, something to be removed from human society. We, as well, just like Nietzsche should begin searching for the origin of the words. The argument of Nietzsche is founded on linguistics; he explores the words in several languages, and terms resembling them. He explores initially the German ‘schlecht’ which means bad. He examines parallel words such as ‘schlicht,’ ‘schlechtweg,’ and ‘schlechterdings.’ These three words are deviations of the word simple, guiding Nietzsche to the assumption that the words are connected; that to a certain extent the meaning of ‘schlecht’ was modified, and this modification stands for the ideals of the German society of that period, that the plebeians, average citizens were, blatantly, bad. Likewise, Nietzsche specifies Latin, mentioning particularly malus which means ‘bad’ and melas which means ‘black’ (Leiter 2002, 41). Nietzsche afterwards mentions the structure of the upper and lower classes of Rome. In Roman traditions, he emphasizes, those with black hair were customarily recognized as lower class, whereas the upper class are those with light and blonde hair. He draws the same thought s in Greek and Celtic traditions, generally making the argument that the terms for good and bad varied basically from classiest concepts in which the privileged few had such power they could even exploit the language to function in their own interest and motive (Leiter 2002). However, there is dissimilarity in the words, certainly the thoughts, being made use of now and those that were presented initially. Good and bad are not synonymous as