Inventory Management - Free Essay Example

Sample details Pages: 1 Words: 326 Downloads: 7 Date added: 2017/09/13 Category Advertising Essay Did you like this example? 1. Locate a firm that incorporates inventory management. Identify the type of inventory system (fixed order quantity system, fixed order period system, or a hybrid system) it uses. See attachment. This company, the RICH-SEAPACK CORPORATION changed over to the following inventory management system: -ABC, Activity based costing inventory management system. Usually refers to costing method that breaks down overhead costs into specific activities (cost drivers) in order to more accurately distribute the costs in product costing. Has also been applied to customer and vendor management (Source: https://www. inventoryops. com/dictionary. htm#D) (SEE PAGE 1- OF ATTACHED DOCUMENT for description of this firms system). 2. Indicate the type of inventory issues the firm has such as stock out costs, carrying costs, order quantity issues, safety stock and EOQ issue. In your opinion, is their system appropriate for the firm’s business? ABC stratification used to categorize inventory into groups based upon certain activity characteristics. Don’t waste time! Our writers will create an original "Inventory Management" essay for you Create order Examples of ABC stratifications would include ABC by velocity (times sold), ABC by sales dollars, ABC by quantity sold / consumed, ABC by average inventory investment, ABC by margin. ABC stratifications are used to develop inventory-planning policies, set count frequencies for cycle counting, slot inventory for optimized order picking, and other inventory management activities. Refer to the document attached, which describes the SPECIFIC inventory management system for RICH-SEAPACK CORPORATION in depth. In my opinion, the chosen inventory management is appropriate for this company. This company is a manufacturing company with 5 main production lines and two minor areas. Each of the five lines has 10-20 different products, which fits well with this model of inventory control systems. In fact, the article explains the company’s rationale for the change to this type of system. The article does not mention the names that you mentioned fixed order quantity system, fixed order period system, or a hybrid system but you probably know which system type would best describe the inventory system employed by RICH-SEAPACK CORPORATION.

In American society, the common stereotype is that the...

In American society, the common stereotype is that the father has the role of the dominant figure in the household. Sylvia Plath and Sharon Olds may come across as two seemingly different poets, however, they are really quite similar, especially in their driving forces behind their writing styles in poetry. The lives of Plath and Olds are both expressive of the realities of a father-dominated family, in which both of these poets lost their fathers at a young age. This is significant because both poets have faced a similar traumatic event that has had everlasting effects on their adult womanhood, which is reflected in their writings. For both these woman, their accesses to father-daughter relationships were denied based on life†¦show more content†¦Both poems make allusions to Greek deities as a metaphor for the common perception that the father is the dominant one in a family. The numerous attempts of the speaker’s infatuation with â€Å"The Colossus† with re storing the fallen statue and Olds’ comparison of alcoholism to the Greek deity, Saturn both vividly symbolize that a father’s decisions whether its life or in death, has its consequences. In, addition it is for a young girl growing up to have a father figure in their lives and how the absence of a father figure can impact a young woman’s life tremendously. Plath touches upon the highs and struggles of her life growing up, such as the tragic loss of her father, which is reflected within her work. Sylvia was confused and angry about her father’s death. Plath expresses her hate for why her father is gone, hence why she became depressed and mentally ill because deep down inside she felt like she could’ve prevented his death. Plath always felt like a victim to the male-dominated society, especially when it came down to her father. In â€Å"The Colossus†, the speaker tries in vain to piece fallen Colossus of Rhodes back together and to make it speak to her. This depicts her broken relationship with her father for which she was trying to piece back together as well. The Colossus was extremely tall statue of the Greek figure Helios. Plath uses this statue to represent aShow MoreRelatedOne Unaccounted For Factor That Is Impacting The Level1445 Words   |  6 Pagesgender as separate entities. Applying the theories of hos tile/benevolent sexism and racism, I argue that analyzing intersections of identities such as race and gender in conjunction, and as interdependent, will provide a clearer picture as to why Americans are less favorable towards redistribution, and specifically welfare. 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Strategic Decision Making Method Analysis - 2120 Words

Introduction Strategic Decision Management (strategic decision-making technique, SDM) is a decision-making method that has been devised by Ronald Howard Professor of Stanford University in the 1960s. It is considered â€Å"decisions are quality (Decision Quality)†, and has the purpose of enhancing the quality of decisions. Strategic decisions are related to the management at the strategic level. The great thing about strategy decision-making method is the method of producing the choices you has cover (Adam Nain, 2012). Strategic management consists of a series of business decision and action that determines the long term performance of a company. Strategic management enables the company to operate in a complex and dynamic environment. In a†¦show more content†¦The following statement is elaborated in this essay, which declares: â€Å"The external environment is so complex and chaotic, the behaviour of individuals so unpredictable, that strategic managers can have little claim to the outcome of a crisis† Discussion According to Manski Neri (2013), an organization acts as a ‘social entity’ where activities are controlled in a systematic manner to meet the definite objectives, with consideration to the external environment; comprising of factors including Political, Economic, Social, Technological, Environmental, and Legal; which are uncontrollable in nature and must be monitored to supersede the competitors. For an organization to get the sustainable competitive advantage, strategists have promoted that the key components, for example, clients, government and competitors must be concentrated on formulating a powerful corporate methodology, which would help in adjusting the progressions created by these units. Strategic decisions are impressively portrayed as the choices made at corporate level, which incorporate high capital investments with more chances to yield profit, expanded risk, and expanded necessity for flexibility and long run prospects. Strategic decisions are additionally described as the decisions made at functional level, which incorporate usage of suitable techniques at the business and corporate levels, retaining low risk and activity oriented operational issues. Owing to social

Psychological Impact On Substance Abuse Prevention

Psychological Impact According to Federal Center for Substance Abuse Prevention, women are the fastest-growing segment for substance abuse in the United States. About 2.7 million women in the United States abuse drugs or alcohol. Women typically enter rehab sooner than men, but they have more psychological distress, and are more likely to suffer from a mood or anxiety disorder (Liff, 2012). Most research on gender-based differences in addiction treatment has focused on organizational issues (such as the greater need to provide women with child care and employment training) rather than on pharmacology. Where addiction really takes a toll is emotionally and spiritually. When a woman is an alcoholic or addict, it can impact the entire†¦show more content†¦Women are more likely to be diagnosed as having â€Å"borderline personality disorder† (BPD) more often than men. Many of the descriptors of BPD can be viewed differently when one considers a history of childhood and adult abuse. Solutions, Treatments, and Interventions Historically, substance abuse treatment and rehabilitation programs have developed with the primary focus on men. Counselors focused primarily on the addiction and paid little attention to other issues. However, the individual and specialized needs of women and girls have been all but ignored over the years. Recently though, some facilities have begun to develop gender specific treatment programs so women and men can focus on their recovery without interference and distractions from the opposite sex. Gender specific treatment is more than just separating males and females on the basis of sex. It takes into account the unique characteristics of women’s psychological development and needs. Traditional substance abuse programs may not be effective in treating women’s and girl’s substance abuse problems. According to one theory called RCT, females develop a sense of self and self-worth when their actions arise out of, and lead back into, connections with others. Recent gender-specific prevention programs with positive results address stress, depression, social assertiveness, and body image. Other issues include domestic violence, sexual and other types of

Personal Statement Global Media And Communications...

Personal statement My interest in Global Media and Communications programme offered by London School of Economics lies primarily in the opportunity to experience more than a single education environment and, thus, to receive different perspectives on the field, which I find essential in the Global Media expertise. My current degree at King s College London specializing in Comparative Literature with Film Studies gave me a broad understanding of various cultural characteristics and the differences between them, which enforced my enthusiasm in learning more about different cultural contexts in the more practical area of study, which is the reason I chose Global Media and Communications programme. The exchange programme in Hong Kong University focused heavily on the ideas related to this degree. For instance, the module Globalization and Culture introduced me to the processes and mechanisms associated with rapid globalization nowadays, including media and information technologies. My research for the module was focused on the effects of global media and the Internet in relation to the idea of gender rights, which made me realize how powerful media sources can be in making a change in society. Learning about the current issues related to globalization in the environment such as Hong Kong taught me a lot about differences in cultural perceptions, which I am looking forward to learn more about in my further studies. In particular, I am keen on expanding my knowledge onShow MoreRelatedCourse Project Proposal.-the Communication Process and How It Affects Unicef -Malawi.Doc- Final Submission.Doc4782 Words   |  20 PagesLeadership and Organizational Behavior Project Proposal â€Å"The Complex Communication Process in UNICEF- (Malawi Country Office)† Submitted by: Henry N. 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Role of Motivation in Project Management-Free-Samples for Students

Question: Critically discuss and Analyse the Role and importance of Motivation In Project Management. Answer: Introduction Motivation of the employees and project team members play a significant role in the success of the projects. This also helps the organizations to grow. Employee retention has become a challenging factor for the organizations (Ganta 2014). Globalization has increased the demand of the human resources, but at the same time employee motivation has become a catalyst for the improvement of employee performance and for the success of the projects. Leaders are said to motivate the employees and help to lead to project success. Motivated employees have seen to be high achievers. Motivation is considered to be an external or internal factor that stimulates energy and desire in individuals to constantly remain interested as well as committed to a role or job. There are motivational theories such as Maslows needs hierarchy and Herzbergs two factor theory that explains how individuals and project team members can be motivated (Ozguner and Ozguner 2014). Several leadership styles also help in mot ivating the employees. This report tries to find a solution for motivating Tom, who is an inexperience new employee and Harriet, who is an experienced project manager by using various motivation theories. This report shows the role played by various theoretical models of motivation in project management. It also discusses the role of leadership and communication process in motivation. This report discusses about various styles of leadership and shows which leadership style can motivate Tom and Harriet. Role of Motivation Motivation is considered to be a process by which people are stimulated to actions for accomplishing their goals. Motivated parties are needed to be induced for performing actions. Several desires of the people like desire for success, recognition, job satisfaction and money motivate them to perform better and achieve their goals (Dinibutun 2012). One of the main functions of organizations is to develop a sense of willingness amongst the staffs and employees so that they give their best performance for the organizational growth as well as their own benefits. In order to get motivated, an individual must feel the desire or need to achieve goals. This need or desire needs to be aroused through some actions. Motivation can be considered to be a psychological process or phenomenon (Reeve 2014). There are mainly two types of motivation: intrinsic and extrinsic motivation. Intrinsic motivation is developed when people find their work to be interesting and are satisfied with their work. Ext rinsic motivation needs external rewards that help the people to get motivated and perform better. Motivation plays a significant role in the success of projects and leads to organizational growth. Motivated employees perform better than the unmotivated employees. Project managers are responsible for motivating their project team members and employees. They apply different leadership styles and utilize power to influence their team (Drnyei and Ushioda 2013). Motivation can be enhanced by using participative style of leadership. Intrinsic motivation is considered to be highly beneficial as the team members are directly connected to the goal or cause of the project. Rewards do not play any role in intrinsic motivation. Projects are said to operate in a hybrid system. Project managers are expected to optimize motivation rather than maximizing it. They can directly influence motivation by giving feedback, offering rewards and allowing autonomy (Schunk and Zimmerman 2012). Project management has several stages, and different leadership styles and approaches are applied depending on the stage. Project managers must identify the type of approach that needs to be applied depending on which stage the project is currently present. In order to achieve project success, the project managers must be able to influence motivation in the team throughout all the stages of the project. Participation and engagement of the project team members play a major role in influencing motivation and in the success of the project. Clear communication during the initial stage of the project also helps in motivating the team members. Support from top management and clear scope of project also act as the key influencer of motivation. Poorly motivated project teams face difficulty in achieving the project goal and leads to failure of the project in most cases. Project managers are mainly responsible for harnessing initial motivation and maintaining the motivation throughout the project in order to get accomplishment (Dobre 2013). Project teams and organizations can achieve excellence through the process of motivation. Theoretical Models of Motivation The theoretical models of motivation can be utilized in an effective manner for motivating the project staffs. Some of the motivational theories are discussed below. 1) Maslows Hierarchy of Needs: According to this theory, people can get motivated once their needs are satisfied. Maslow divided the needs of the individuals into various levels. This theory says that the individuals move to next level after meeting the need of the present level (Lester 2013). The first level of needs is the physiological needs or basic needs like food and shelter. In the context of project management, the first level needs will be salary of the employees. The second level of needs is the safety needs like fair work practices, safe and healthy work environment. The third level of needs is the belongingness needs where project staffs expect to develop a friendly and cooperative relationship with the other team members. After meeting the first three levels of needs, project staffs try to meet the self esteem needs like respect, recognition and prestigious job titles (Jerome 2013). The last level of need is the self-actualization needs like workplace autonomy, challengi ng work and other achievement issues that will bring out the best in the project staffs. Figure 1: Maslows Hierarchy of Needs (Source: Lester 2013, p.16) In the given case study, Tom is a new graduate and does not have much work experience. He does not seem to be motivated towards achieving his goals. A feedback mechanism must be used to understand whether the needs and requirements of Tom are getting fulfilled or not. Tom must be provided with sufficient salary so that he feels motivated to achieve the next level of need (Lester 2013). Tom must be made to feel a part of the project team by encouraging him to participate in the decision making process. Challenging and innovative tasks must be assigned to Tom so that he develops interest in his work and does not waste his time in other activities (Jerome 2013). The incentive schemes and policies must be made clear to Tom so that he feels motivated to work and achieve targets. If Tom achieves a single level of need, then he will get motivated to move to another level in the hierarchy. In the given case study, Harriet is an experienced and well skilled project manager but is not giving m uch effort to carry out her work. One reason can be that she was not praised and given recognition for her previous efforts and achievements. Harriet can be offered new kinds of tasks and can be asked to participate in generating innovative ideas so that she is able to meet the self esteem and self-actualization needs. Tom needs to be motivated to achieve the first three levels of needs and Harriet must be motivated to achieve the last two levels of needs. 2) Herzbergs Theory: This theory discusses two such factors called motivation and hygiene factors. Hygiene factors can be considered to be the components of dissatisfaction (Ozguner and Ozguner 2014). Salary, job security and company policy can be considered to be the hygiene factors. Non-fulfilment of any of these needs will cause dissatisfaction among the employees and demotivate them (Yusoff, Kian and Idris 2013). Motivation factors are responsibility, recognition, promotion, advancement opportunity and growth. In order to motivate Tom and Harriet, the dissatisfaction factors must be eliminated and the motivation factors must be created. Challenging work and responsibility will be able to motivate Tom. The other team members must try to build good inter-personal relationship with Tom. The other hygiene factors must be fulfilled so that Tom does not feel disinterested in his work. The motivation factors that will be effective in case of Harriet are recognition, growth and status. H arriet must be given considerable recognition for her experience and skills. This will motivate Harriet to take interest in her work and she will be motivated to use her skills to help in the success of the project. Figure 2: Herzbergs Theory (Source: Yusoff, Kian and Idris 2013, p.19) 3) Vrooms Expectancy Theory: Expectancy theory deals around three main factors like valence, expectancy and instrumentality. According to this theory, people will give their efforts based on their perception of the probability of receiving desired outcomes (Yung Chou and Pearson 2012). The first stage of outcome is based on performance of the employees. The second stage of outcome is based on the external or extrinsic benefits that are given to the employees (HemaMalini and Washington 2014). The expectations of the employees are turned into motivation. This theory explains the importance of employee perception. It helps the project managers to get an insight into the needs and perception of the employees (Parijat and Bagga 2014). Expectancy theory can be used to understand the perceptions and concerns of Tom and Harriet. The concerns of Tom and Harriet must be addressed and time must be taken to understand the reason for their disinterest in work. Proper communication must be done to make them understand that they will be benefitted from the work they do. Tom must be assigned such works in which he is interested in and he must be told about the benefits of doing his job in an efficient manner. Harriet is an experienced project manner and she must be given recognition for motivation. She did not seem to be showing dedication towards her work may be because the organization was not being able to fulfil her expectation. Harriets concerns must be addressed and understood for fulfilling her expectations. If she understands that the work she is doing will lead her to success and help her achieve personal goals then she will get motivated to work. Motivated employees will play a significant role in the success of the project. Figure 3: Vrooms Expectancy Model (Source: Yung Chou and Pearson 2012, p.1171) 4) Reinforcement Theory: This theory states that behaviour of an individual is related to the consequences. It says that if a particular behaviour of an individual is followed by a positive outcome or consequence then it tends to take place again (Barto 2013). This theory does not concentrate on the internal feelings of an individual. It is more focused on the actions that are taken after a particular behaviour of an individual. Harriet must be praised for her specific achievements immediately. She must be rewarded for the positive actions that she takes and negative reinforcement must be applied because of her absenteeism. This will encourage her to repeat the positive actions and motivate her to contribute to the success of the project (Wei and Yazdanifard 2014). Tom must be encouraged to come to office early and must be immediately praised for showing positive behaviour. This will motivate Tom as well as Harriet to repeat their positive actions and behaviours and lead to the succe ss of project. Figure 4: Reinforcement Theory (Source: Barto 2013, p.19) 5) Scientific Management: This theory states that the efficiency of activities must be maximized and this can be achieved through subsequent analysis, recording and measurement. According to this theory, workers must be matched to their jobs and they must be trained before carrying out their work (Tadajewski and Jones 2012). This theory says that monetary rewards will play a major role in motivating the employees. Tom must be trained and his role must be based on his capabilities. This will help to motivate him. According to this theory, Harriet can be motivated through monetary rewards. Leadership and its Styles Leadership can be considered to be a process that helps an executive to direct, influence and guide the work and behaviour of the organizational people towards the achievement of goals that are specific depending on the situation (Alghazo and Al-Anazi 2016). Leadership is a capability and quality of influencing and inducing the subordinates and group of people to work with zeal and confidence. Leadership qualities can persuade others to achieve defined objectives in an enthusiastic manner. Leaders have a different charm and personality that help them to create a positive impact on the people and help them to succeed and grow in life (Buble, Juras, and Mati? 2014). Two broad categories of leaders are transformational and transactional leaders. Transactional leaders are task-oriented. They promote compliance with the organizational objectives and encourage performance through rewards (Chaudhry and Javed 2012). Transformational leaders focus on the motivation of the employees. These lea ders bring vision of the near future and create a proper plan for achieving the vision. These types of leaders try to enhance the capabilities of the employees. There are various leadership styles as discussed below: 1) Autocratic style: This style is followed by such leaders who prefer to give order and want everyone to follow their orders with obedience. They make the policies and plans on their own without taking the suggestion of others (Northouse 2015). They give orders without explaining the reason. They believe in dictatorship. They are only responsible for giving direction to the subordinates (Rast III, Hogg and Giessner 2013). They have an authoritarian nature. They do not believe in giving recognition to the employees and team members. Employees feel inferior and do not perform well under this kind of leadership style. 2) Democratic style: Leaders who follow this style is considered to be the best kind of leaders theoretically. They believe in asking their group for opinions. The leader does not believe in giving orders or dictating the group (Bhatti et al. 2012). Democratic leaders believe in taking suggestions from others. The group under this kind of leader is free to make decisions in a democratic manner. 3) Participative style: This style is followed by such leaders who encourage their team members and employees to participate in decision making processes. The participative leader considers the opinions of all the team members and takes the best decision by making use of this information (McCleskey 2014). Participative leaders always keep the group informed about the decision which they are going to make and give them the reason for taking such decisions. It has been seen that participative leadership has huge positive effect on the performance of the employees. Role of Leadership and Communication Process in Motivation Leadership has a significant impact on employee motivation. There is no particular leadership style that can be applied in every situation. The leadership style should match the objective of the team (Naile and Selesho 2014). Autocratic leadership style does not involve the employees in any decision making process. These kinds of leaders are less creative and like dictating. This kind of leadership plays an effective role when quick decisions are needed to be taken (Bhatti et al 2012). This kind of leadership style demotivates the employees and their performance level decreases. Employees get involved in repetitive tasks and lose their creativity. This style brings restriction in the workplace communication as well as socialization. Autocratic leadership style decreases the productivity of the project team. Democratic leadership promotes responsibility sharing in the organization (Buble, Juras and Mati? 2014). They do not make any decision without considering the opinions of the empl oyees. Democratic leadership style motivates the employees and helps to improve the productivity of the project team. This is creative method of solving complex issues. Participative leadership has proved to be unproductive in achieving short term targets and goals (Gonos and Gallo 2013). Here the employees are encourages to play a major role in the process of decision making. There is effective communication in the organization. This type of leadership style leads to motivated, more skilled and satisfied employees. It creates an optimistic work environment and promotes creativity. This is time consuming process and is highly effective in achieving long term goals. Autocratic leadership is effective in case of new and inexperienced employees. It has been seen in the case study that Tom is an inexperience new employee. Autocratic leadership style should be applied in order to motivate him to work (Buble, Juras and Mati? 2014). This will help to increase his productivity and help in the success of the project. Participative leadership should be applied in case of Harriet, who is an experienced project manager. She should be given the opportunity to make crucial decisions regarding the project and give innovative solutions. Participative leadership styles will be able to motivate Harriet and improve her skills and productivity (Alghazo and Al-Anazi 2016). Top performers of an organization are motivated through participative leadership style. Participative as well as transformational leadership styles are more likely to motivate employees and create a social atmosphere in the workplace. Participative leadership style will improve the process and ef fectiveness of communication in the organization. Effective communication will increase the level of motivation among the employees. Motivation and employee productivity are correlated. Conclusion This report concludes that highly motivated employees will give better performance and contribute in the success of the project. This report has used several motivation theories to find out the ways to motivate Tom and Harriet. It has discussed about the Maslows need of motivation, Herzbergs two-factor theory, reinforcement theory as well as scientific management theory. This report has also discussed about the autocratic, democratic as well as participative leadership styles. Participative leadership style is found out to be the most effective style and helps to motivate the employees. It can be concluded from this report that Tom can be motivated by using the autocratic leadership style as he is new and inexperience. Harriet is an experienced and well skilled employee, and participative leadership style will help to motivate her. This report also said that positive reinforcement can be used for encouraging positive behaviour and motivating the employees. Project can achieve success by eliminating the dissatisfaction factors and by maximizing the motivational factors in the organizations. Status, responsibility, recognition and promotion will be able to motivate the employees and the team members to perform better and this will lead to the success of the projects. This report gave an overview of how motivation can be developed and the role played by various leadership styles and communication process in the motivation process and also to achieve project success. Recommendations 1) Tom is a new graduate and has little work experience. He can be motivated by providing lucrative incentives and rewards for good performance. He must be encouraged to participate in effective business processes of the organization so that he finds interest in his work. He must be given challenging tasks so that he gains experience. 2) Harriet is an experienced project manager and she can be motivated through recognitions and personal growth. Harriet can be given more responsibilities so that she works hard. Participative leadership style should be applied for motivating Harriet. References Alghazo, A.M. and Al-Anazi, M., 2016. The Impact of Leadership Style on Employees Motivation.International Journal of Economics and Business Administration,2(5), pp.37-44. Barto, A.G., 2013. Intrinsic motivation and reinforcement learning. InIntrinsically motivated learning in natural and artificial systems(pp. 17-47). Springer Berlin Heidelberg. Bhatti, N., Maitlo, G.M., Shaikh, N., Hashmi, M.A. and Shaikh, F.M., 2012. The impact of autocratic and democratic leadership style on job satisfaction.International Business Research,5(2), p.192. Buble, M., Juras, A. and Mati?, I., 2014. The relationship between managers leadership styles and motivation.Management: journal of contemporary management issues,19(1), pp.161-193. Chaudhry, A.Q. and Javed, H., 2012. Impact of transactional and laissez faire leadership style on motivation.International Journal of Business and Social Science,3(7). Dinibutun, S.R., 2012. Work motivation: Theoretical framework.GSTF Business Review (GBR),1(4), p.133. Dobre, O.I., 2013. Employee motivation and organizational performance.Review of Applied Socio-Economic Research,5(1), pp.53-60. Drnyei, Z. and Ushioda, E., 2013.Teaching and researching: Motivation. Routledge. Ganta, V.C., 2014. Motivation in the workplace to improve the employee performance.International Journal of Engineering Technology,2(6), pp.221-230. Gonos, J. and Gallo, P., 2013. Model for leadership style evaluation.Management: journal of contemporary management issues,18(2), pp.157-168. HemaMalini, P.H. and Washington, A., 2014. Employees' motivation and valued rewards as a key to effective QWL-from the perspective of expectancy theory.TSM Business Review,2(2), p.45. Jerome, N., 2013. Application of the Maslows hierarchy of need theory; impacts and implications on organizational culture, human resource and employees performance.International Journal of Business and Management Invention,2(3), pp.39-45. Lester, D., 2013. Measuring Maslow's hierarchy of needs.Psychological Reports,113(1), pp.15-17. McCleskey, J.A., 2014. Situational, transformational, and transactional leadership and leadership development.Journal of Business Studies Quarterly,5(4), p.117. Naile, I. and Selesho, J.M., 2014. The role of leadership in employee motivation.Mediterranean Journal of Social Sciences,5(3), p.175. Northouse, P.G., 2015.Leadership: Theory and practice. Sage publications. Ozguner, Z. and Ozguner, M., 2014. A managerial point of view on the relationship between of Maslow's hierarchy of needs and Herzberg's dual factor theory.International Journal of Business and Social Science,5(7). Parijat, P. and Bagga, S., 2014. Victor Vrooms expectancy theory of motivationAn evaluation.International Research Journal of Business and Management (IRJBM),7(9), pp.1-8. Rast III, D.E., Hogg, M.A. and Giessner, S.R., 2013. Self-uncertainty and support for autocratic leadership.Self and Identity,12(6), pp.635-649. Reeve, J., 2014.Understanding motivation and emotion. John Wiley Sons. Schunk, D.H. and Zimmerman, B.J. eds., 2012.Motivation and self-regulated learning: Theory, research, and applications. Routledge. Tadajewski, M. and Jones, D.B., 2012. Scientific marketing management and the emergence of the ethical marketing concept.Journal of Marketing Management,28(1-2), pp.37-61. Wei, L.T. and Yazdanifard, R., 2014. The impact of Positive Reinforcement on Employees' Performance in Organizations.American Journal of Industrial and Business Management,4(1), p.9. Yung Chou, S. and Pearson, J.M., 2012. Organizational citizenship behaviour in IT professionals: An expectancy theory approach.Management Research Review,35(12), pp.1170-1186. Yusoff, W.F.W., Kian, T.S. and Idris, M.T.M., 2013. Herzbergs Two Factors Theory On Work Motivation: Does Its Work For Todays Environment.Global journal of commerce and Management,2(5), pp.18-22.

Self Dignity and Common Good Profession of Accounting

Question: Discuss about theSelf Dignity and Common Good for Profession of Accounting. Answer: Introduction This article will emphasize on the professional field of accounting with the social factor of human dignity and common good. The role of social factors is directly related to all professions, particularly when the profession is directly related to the service of mankind and society. The impact of accountants in the society plays a vital role so far ethical presentation of financial statements with its analysis is concerned. As this profession is connected with the financial health of any organization and the subsequent declaration of the same, the role of accountant is vital to the stakeholders of the organization(Grimsley, 2016). Opinion The common opinion of the role of accountant is to ascertain the accuracy of the financial statements. Accounting highlights the financial health of any organization with its different elements to ascertain the financial performance of the company. It is the role of the accountant to present the reports which can depict the financial health of the organization in a common acceptable manner. Being the accountant, the person is not responsible for the organization where he is working(Mheducation, 2015). Moreover, his broader responsibility lies with the stakeholders of the company in various forms. The individual dignity of human being gives him the moral boost to perform in the area of professional field with esteem and perfection. As the profession of accountants is directly related to the stakeholders in the form of shareholders, creditors, society and government, this responsibility drives the accountants to be ethical and unbiased in his approach. Moreover the ethical bindings of the professional accountants make them responsible to the organization and the society. Hence the role of dignity can be found with its relevance in case of professional accountants. To consider the case of common good, the accountants are delivering their services to the organization where he or she is engaged in. Moreover his authenticated financial reports are serving the information to the stakeholders to understand the financial condition of the organization as well as society and government in br oader sense. The government can ensure its revenue through taxes from the reports generated and authenticated by accountants while society can feel the condition of the organizations in respect of its financial health. Hence the role of accountant is more important so far common good is concerned which is covering the society and the government along with mankind as a whole(Charteredaccountants, 2016). Editorial The profession of accounting is always demanding high level of dignity while the same is pursuing its performance towards the common good for the human kind. The accountants are normally renamed as the watch dog of the organization and thus they are liable to have a sincere and discrete look at the financial happenings of the organization(Ifac, 2013). It may happen that the management takes decision which can make stakeholders befooled along with the common good being disrupted. It is the duty of the accountant to focus and highlight such activities for the awareness of the stakeholders. The accountants are mainly creating the mirror through which the performance of the organization can be portrayed without any arbitrary images. To perform their duties, the accountant must possess self dignity which can make his place special in the organization. This position will create ambience in which his position will be respected with fear and this will make him a special personality in the organization(Icas, 2016). Conclusion The choice of profession as accountant can make individual proud with generation of high value of self esteem. This profession contributes to the common good of the people and the community though its perfect presentation of facts through figures which are gathered via information. As an intended accountant in future, the profession is to be respected and honored with its ethical value which can be instrumental to generate human dignity and the will power to serve the community with the objective of prioritizing common good. All the professions are good in capacity and style, but the roles of accountants are special as their reports have a wider range of impact in the society and for the stakeholders who are part of the community. Self dignity always places a person in special position in every aspect of life. In the case of accountants, self dignity proves to be vital as it gives enough self driving power with own esteem to perform the job as per the need of the stakeholders and the community, as a whole. Hence the profession of accounting is treated as the most valuable and important component of any organization so far its duties and deliverance is concerned. References: Charteredaccountants, 2016. Roles and responsibilities. [Online] Available at: https://www.charteredaccountants.com.au/Chartered-Accountants/Mentors/Roles-and-responsibilities [Accessed 24 October 2016]. Grimsley, S., 2016. How The Social Environment Affects Business: Examples Impact. [Online] Available at: https://study.com/academy/lesson/how-the-social-environment-affects-business.html [Accessed 26 October 2016]. Icas, 2016. Aussie accounting: Future proof or failure to launch. [Online] Available at: https://www.icas.com/ca-today-news/aussie-accounting-future-proof-or-failure-to-launch [Accessed 24 October 2016]. Ifac, 2013. Roles and Importance of Professional Accountants in Business. [Online] Available at: https://www.ifac.org/news-events/2013-10/roles-and-importance-professional-accountants-businessa [Accessed 24 October 2016]. Mheducation, 2015. Responsibilities for the Accounting Communication Process. [Online] Available at: https://highered.mheducation.com/sites/0073324833/student_view0/ebook/chapter1/chbody1/responsibilities_for_the_accounting_communication_process.html [Accessed 24 October 2016].