Monday, December 30, 2019
Sunday, December 22, 2019
Life in the Chesapeake Colonies - 1689 Words
Life in the Chesapeake Colonies The first successful British colonization of the Americas was in the Chesapeake area and anchored by Jamestown which was founded in 1607. The original colonists nearly didnââ¬â¢t make it, as it was a very difficult life for them. Moreover, the colonists founded many relationships that were both good and bad with various other groups so that they could make it through those first years. With great will and sheer luck the area has thrived, becoming the heart of the United States gov- ernment today. When you think of early America what comes to mind? Do you think of Christopher Columbus, or George Washington? Many people donââ¬â¢t realize that the first European settlers were actually from present dayâ⬠¦show more contentâ⬠¦Soon the conflict between the cousins envel- oped the entire region and saw Jamestown burn to the ground on September 19, 1676 (Jones 2011). After the death of Bacon due to dysentery, Berkeley was able to gain control of the region; the discontent had set the stage for many years to come. The area received little outside influence from any of the other European powers until the Revolutionary War in which the French aided the American colo- nies with a massive naval blockade that kept the British from evacuating forces from Yorktown so they could be redeployed in the Carolinas (Allen 1852). Today, the Chesapeake Bay colony area is home to the United States capital, with the ma- jor cities being Richmond Virginia, Washington D.C., and Baltimore Maryland (Google Earth). The area still has major influence on trade but it is on a much larger scale than any of the first colonists could have ev- er imagined. It has grown from a small agricultural colony on the brink of collapse to an ever expanding me- tropolis that encompasses much of the eastern parts of Maryland and Virginia. It has markedly changed in its From its swampy beginnings to its present day status as capital of the free world, the area has been leading change in the world. Throughout its history there have been many grave conflicts which have not always led to the greater good. But as we learn from our past we look to the future with hope and the feeling of accomplishment through trialsShow MoreRelatedSocial Structure and Development in the Chesapeake and New England Colonies950 Words à |à 4 Pages The Chesapeake and New England colonies were both settled by predominantly British immigrants. They founded the Chesapeake colonies such as Virginia in 1607 and Maryland in 1634 they founded the New England colonies such as Massachusetts in 1630, Connecticut in 1635, Rhode Island is 1636 and New Hampshire in 1639. Both the New England colonies and the Chesapeake colonies started as similar colonies but developed into different societies. The New England and Chesapeake colonies developed intoRead MoreEvaluate the Differences Between the New England Colonies and the Chesapeake Colonies.730 Words à |à 3 Pages6 September, 2010 DBQ #1 Although both the New England Colonies (Rhode Island, Massachusetts, Connecticut, and New Hampshire), and the Chesapeake Colonies (Virginia and Maryland) were both settled by people of English origin, by 1700 they were both very distinct for a multitude of reasons; Three of which being, their economics, African Slave population, and their life expectancies. The New England colonies vs. the Chesapeake colonies had many differences in there economical make-up, as far asRead MoreChesapeake Colonies vs. New England Colonies933 Words à |à 4 Pagescentury, two colonies emerged from England in the New World. The two colonies were called the Chesapeake and New England colonies. Even though the two areas were formed and governed by the English, the colonies had similarities as well as differences. Differences in geography, religion, politics, economic, and nationalities, were responsible for molding the colonies. These differences came from one major factor: the very reason the English settlers came to the New World. â⬠¨The Chesapeake colonies were primarilyRead MoreThe New World1640 Words à |à 7 Pagesstrike rich, escape the religious government of England, or start a new life with their family. Specific reasons for leaving England had its respective colonies to travel to. For this reason, the northern New England colonies and the sou thern colonies like Virginia and Maryland in the Chesapeake bay area started to establish ways of life that began to develop very different lifestyles. The reasoning behind the foundation of each colony is what created such a substantial amount of difference between twoRead MoreHistory: A Study of Colonial America873 Words à |à 4 PagesThe colonies were by no means homogeneous. Lifestyle, customs, and demographics differed among the different regions of the colonies. Even by the 18th century, divisions between various regions and colonies existed. One of the manifestations of the diversity of colonial life was in one of its most persistent and pervasive institutions: slavery. Slavery existed on social, cultural, economic, and political levels. Although there are some common themes of slavery throughout the colonies such as theRead MoreChesapeake Bay and New England Dbq Essay673 Words à |à 3 PagesThe immigrants that settled the colonies of Chesapeake Bay and New England came t o the New World for two different reasons. These differences were noticeable in social structure, economic outlook, and religious background. As the colonies were organized the differences were becoming more and more obvious and affected the way the communities prospered. These differences are evident from both written documents from the colonists and the historical knowledge of this particular period in time. AlthoughRead More Comparing Chesapeake and New England Bay Colonies Essay1343 Words à |à 6 PagesComparing Chesapeake and New England Bay Colonies Curiosity and bravery led the English to discover the nations of America. These strong willed Europeans, determined to find to a new world, set out with high hopes and ambitions. Settling a variety of colonies along the coast of North America, the English were among the first true pioneers. After several expeditions and ships loads of emigrants, the English had a divergence of reasons for departing Europe for America. The settlers of theRead MoreThe Chesapeake Colonies and New England Colonies Essay1260 Words à |à 6 Pagesestablished colonies in Mexico and Mesoamerica. In 1607, England established its first colony in North America around the Chesapeake Bay, and nearly a decade later established a second colony in present-day New England. Both New England and the Chesapeake were founded by the British around the same time; however, both colonies developed a different economy, government, and many other ways of life. In 1607, King James I. granted a charter to the Virginia Company which allowed them to start a colony in theRead MoreDifferences in Development between the Chesapeake Regions and New England 1555 Words à |à 7 PagesDevelopment between the Chesapeake Regions and New England The seventeenth and early eighteenth century, brought thousands of immigrants to America in pursuit of freedom and a new life. Some desired freedom from religious persecution, others wanted a chance to be free from the poverty that ensnared them in England Thus the American colonies were formed. Although the colonies were all united under British rule, they eventually separated into various regions including the Chesapeake region, the New EnglandRead MoreEssay on APUSH DBQ Chapter 3-4942 Words à |à 4 Pagesthrough a hard economic time. Many were poor and unemployed, and this caused English men to seek a better life in the new world. The Spanish exploration, led by Christopher Columbus, led the way for other European countries to follow to the new world. The eastern coast of North America was colonized by English men of the same background and origin, but by the 1700s, the New England and Chesapeake regions have developed into two distinct nations. The two regions were founded for very different reasons
Saturday, December 14, 2019
Servant Leadership Free Essays
Servant Leadership What is it? The phrase ââ¬Å"Servant Leadershipâ⬠was coined by Robert K. Greenleaf in The Servant as a Leader, an essay he first published in 1970 (ââ¬Å"What is servant,â⬠). The servant leader serves first, while aspiring to lead second. We will write a custom essay sample on Servant Leadership or any similar topic only for you Order Now The servant leader serves the people that he or she leads, implying employees are an end in themselves rather than a means to organizational purpose or bottom-line. Servant leadership is meant to replace a command and control, top-down, model of management. Servant leadership encourages collaboration, trust, foresight, listening, and the ethical use of power and empowerment. A few famous examples of servant leaders are George Washington, Gandi and Caesar Chavez. Key Principles In a publication released by Nova Southeastern University, 10 principle characteristics were identified of servant leadership (ââ¬Å"Leadership development -,â⬠2007). 1. Listening Listening skills are vital for all leadership styles. Servant leaders make a deep commitment to intently listen to others. They seek to identify the will of a group or individual and listen to what is being said. 2. Empathy It is important to understand and have compassion for others. People need to feel accepted and recognized for their unique qualities. Leaders must assume the good intentions and not reject them as people. 3. Healing Learning to heal is a powerful force for transformation and integration. A greatest strength of servant leaders is the potential to heal oneââ¬â¢s self and others. 4. Awareness General awareness, especially self-awareness, strengthens the servant leaders. 5. Persuasion Leaders rely on persuasion rather than positional, authoritative, decision making. Seeking to convince others, rather than coerce, is a goal of the leader. 6. Conceptualize Dreaming great dreamsâ⬠is an ability that must be self-nurtured in a leader. The ability to look at a quandary from a conceptualizing perspective means a leader must think beyond everyday realities. Leaders must seek balance conceptualization and day to day focus. 7. Foresight Foresight enables a leader to capitalize on lessons learned from the past, realities of the present and a likely o utcome of a decision. 8. Stewardship Greenleafââ¬â¢s view of all institutions was one in which CEOââ¬â¢s, staff, directors and trustees all play significant roles in holding institutions in trust for the greater good of society. . Commitment to the Growth of People Leaders believe people have an intrinsic value beyond tangible contributions as workers. As a result, genuine interest in the spiritual, professional and personal growth of all employees is demonstrated. 10. Building Community Leaders seek to identify a means for building a sense of community among those who work in a given institution. Differences from Other Styles In the approach on general leadership characteristics, the fundamental difference is authentic leaderships strive to be ââ¬Å"realâ⬠, whereas servant leaders strive to be ââ¬Å"right. Servant leadership is a style that lays down a set of characteristics that all leaders are supposed to emulate to attain success, and tries to shape the character an d personality of the leader. On the other hand, authentic leaders tend to rely on their own unique set of experiences and style that has been learned and developed throughout their career. The main difference between servant and authentic styles, when applying into practice, is the serving of others. One of the primary applications is to give priority to the interest of others. Servant leaders exercise their duty by fulfilling needs, aspirations and duties of those in their organization. Authentic leaders donââ¬â¢t put much emphasis in responding to the needs or desires of others. Servant leadersââ¬â¢ style recommends listening, persuading, and empathy when approaching difficult situations, even in times of crisis. Authentic leaders are proactive and adapt their style to the situation. These leaders can be inspiring in one situation and tough about people related issues in another (Nayab, 2010). Strengths/Weaknesses (Nayab, 2011) Strengths 1. Contribution to organizational development. Leaders proactively set the way, and will inspire subordinates to perform by empowering them to follow. Such inspiration leads to collective efforts, creating a synergy. 2. Contribution to the all-around development of the employee. The leader helps employees attain physical and intellectual vitality and fitness, allowing them to lead balance lives. 3. Servant leadershipââ¬â¢s value based approach helps organizations in the business environment where values, empowerment, and commitment play a big role in success. Weaknesses 1. The soft approach does not fit well into a competitive environment. Servant leaders may lag behind those other styles better suited for a competitive environment. Accountability and responsibility may get diluted. 2. Does not always work or resolve issues related to employee-organization fit. A primary function of all leaders is to match candidates with organization objectives. Servant leaders put the individualââ¬â¢s goals/needs as the primary concern. 3. Building a sense of ââ¬Å"communityâ⬠among team members may not fit well for all members. Many wish not to share personal lives or aspirations with others at work. Personal Reflection Servant leadership may apply best in certain situations such as politics or association management. But in its purest theory, I am not convinced servant leadership is a practical leadership style 100% of the time, for any type of business. It does have many qualities that I agree with, and practice a large extent of the time. For example, I view everyone I work with as a customer. I see it as my responsibility to help them achieve success in their role. It is my duty to provide them with every resource needed in order to succeed, and it is their duty to tell me what they need. Sometimes, that includes a holistic approach, and sometimes it is as simple as acquiring a printer for them. I tread lightly when personal life problems present themselves, however. I will assist in providing direction for an employee to get the help they need, such as an EAP program, or a Pastor in our ministry development initiative. On the other hand, it is also my duty to provide corrective action, redirection, or other forms of performance feedback when employees stray from goals, objectives, vision, mission or values. As I mentioned, a part of my management style is to serve the needs of subordinates. I canââ¬â¢t deny it isnââ¬â¢t entirely for unselfish reasons. I use it as a motivational tactic to achieve positive outcomes. However, I am sincere in my communications in order to build trust. Good managers put the needs of others ahead of their own. However, good managers cannot put subordinate needs ahead of customers, organizational needs or stakeholder needs. Blending all styles of leadership and adapting to unique situations or people will produce positive outcomes in the long run. However, it is my opinion holding true to only one style of leadership may cause problems for the organization, or an individual manager. References: 1. What is servant leadership?. (n. d. ). Retrieved from http://www. greenleaf. org/whatissl/ 2. Leadership development ââ¬â Servant Leadership. (2007, August 1). Retrieved from http://www. nova. edu/studentleadership/development/servant_leadership. html 3. Nayab, N. (2010, June 8). Servant leadership vs. authentic leadership: What are the differences?. Retrieved from http://www. brighthub. com/office/home/articles/73574. aspx 4. Nayab, N. (2011, May 25). Servant leadership theory ââ¬â strengths and weaknesses. Retrieved from http://www. brighthub. com/office/home/articles/73511. aspx? cid=parsely_rec How to cite Servant Leadership, Papers Servant Leadership Free Essays Servant leadership is both a leadership philosophy and set of leadership practices. Traditional leadership generally involves the accumulation and exercise of power by one at the ââ¬Å"top of the pyramid.â⬠By comparison, the servant-leader shares power, puts the needs of others first and helps people develop and perform as highly as possible. We will write a custom essay sample on Servant Leadership or any similar topic only for you Order Now While servant leadership is a timeless concept, the phrase ââ¬Å"servant leadershipâ⬠was coined by Robert K. Greenleaf in The Servant as Leader, an essay that he first published in 1970. In that essay, Greenleaf said: ââ¬Å"The servant-leader is servant firstâ⬠¦ It begins with the natural feeling that one wants to serve, to serve first. Then conscious choice brings one to aspire to lead. That person is sharply different from one who is leader first, perhaps because of the need to assuage an unusual power drive or to acquire material possessionsâ⬠¦The leader-first and the servant-first are two extreme types. Between them there are shadings and blends that are part of the infinite variety of human nature.â⬠ââ¬Å"The difference manifests itself in the care taken by the servant-first to make sure that other peopleââ¬â¢s highest priority needs are being served. The best test, and difficult to administer, is: Do those served grow as persons? Do they, while being served, become healthier, wiser, freer, more autonomous, more likely themselves to become servants? And, what is the effect on the least privileged in society? Will they benefit or at least not be further deprived?ââ¬Å" Advantages â⬠¢This concept is seen as a long-term concept to live and work and therefore has the potential to influence the society in a positive way. â⬠¢The exemplary treatment of employees leads to an excellent treatment of customers by employees of the company and a high loyalty of the customers. â⬠¢There is a high employee identification with the enterprise. â⬠¢An excellent corporate culture is developed. â⬠¢Leaders of a company define themselves by their significance to the people. â⬠¢Servant Leadership can be used as a principle to improve the return on investment of staff, in all economic sectors. Managers who empower and respect their staff get better performance in return. Disadvantages â⬠¢Servant Leadership is seen as a long-term application and therefore needs time for applying. â⬠¢Lack of authority: Servant leadership can actually lead to a minimization of the authority of the subject manager and the overall management function in the business. When employees see their manager catering to their needs in an extreme manner, they are less likely to view him as an authoritative figure. If top management wants front-line mangers to push employees to better performance, it is difficult for the servant manager to step back into this role as a more dominant figure. â⬠¢Demotivating: Servant leadership may lead to demotivation of employees, who then produce fewer results over time. It is comparable to a parent-child relationship in which the parent bails the child out of trouble by constantly stepping into to fix things or to do the work for the child. When employees believe their manager will step in to take care of any needs they have or to resolve issues that arise, they are more tempted to sit back and exert less effort in producing quality and put less thought into resolving issues or conflicts. â⬠¢Limited vision: Leaders at all levels of a business are distinct from regular employees by their role of developing vision and providing direction. A manager needs to have some level of detachment from his employees so he can explore new opportunities, brainstorm ideas, resolve problems and formulate a picture on where his department, store or business is headed. Only by having this separation from employees can managers focus on vision and then step in to articulate the vision by providing direction to employees. How to cite Servant Leadership, Essays Servant Leadership Free Essays When we talk about leadership, we refer to people who motivate, influence, and build up relationships, based on trust, respect, and integrity. Servant leaders are people who serve first. So what is Servant leadership? Servant leader ship is ââ¬Å"when people lead at a higher level, they make the world a better place, because their goals are focused on the greater goodâ⬠(Blanchard, 2010, p. We will write a custom essay sample on Servant Leadership or any similar topic only for you Order Now 261). For example, educators are visionaries who help attain goals, instill value, and develop potential leaders. Educators assist in strengthening and developing the mind and body, so individuals an apply their talents and become great servant leaders in the areas of healing, educating, and inspiring. Around two thousand years ago, Jesus, an educator, exemplified the fully committed and effective servant leader (Blanchard, 2010, IPPP). John C. Maxwell (2007) mentions that Apostle Paul used Jesus as the ultimate example of servant leadership (p. 1472). The book of Philippians, chapter two verses two through eleven (Philippians 2:2-11, New King James Version), discussed how Paul encourages his audience to be humble and live selflessly; he reminds them of how Christ was the ultimate leader who made the ultimate sacrifice (Maxwell, 2007, p. 1473). Maxwell (2007) goes on to say that Jesus stepped through six levels as He moved downward toward us; he gave up His divine form, He emptied Himself of any rights, He became a man, He became a servant, He was obedient to the point of death, and He died a terrible kind of death (p. 473). Basically, one could say that Jesus relinquished the glory that He had due to the fact that he was deity and He lacked recognition and glory to/by unbelievers while He was on earth. He also took he form of a servant by becoming as a servant to man and He appeared in the form of man so that He could die for our sins. Jesus illustrated true humility in action by humbling himself and becoming obedient unto death w hich resulted in the humility that He displayed in willingly going to the cross to accomplish the will of our Father. According to John C. Maxwell (2007), Jesus displayed humility in coming to earth, emptying Himself and assuming the position of a man, taking the form of a abandonment, and by becoming mortal and dying (crucifixion) (p. 1470). Apostle Paul lams that all effective leaders must live such a selfless life and that Jesus is an example of what servant leadership actually is (Maxwell, 2007, p. 1470). In a 1970 essay Robert Greengage states that servant leaders are servants first and leaders later (Degrade, Tillie, Neal, 2001). Ken Blanchard states leadership has two parts, ââ¬Å"vision and implementation. The visionary role is the leadership aspect of servant leadership and implementation is the servant aspect of servant leadership (Blanchard, 2010 p. 262). In the visionary role, leaders must communicate the session values and beliefs the organization stands for and how organizational values encompass the individual value of its members (Blanchard, 2010, p. 262). Once people are clear on where they are going, the task of implementation kicks in. It answers the question, ââ¬Å"How do you make the vision happenâ⬠(Blanchard, 1991)? The biggest thing leaders need in order to become a servant leader is to get their egos out of the way. Leaders who are self-serving see themselves as the center of the feel good about their self and will either hide and hope that no one notices them ND/or overcompensate and go out to try to control their environment (Blanchard, 2010, p. 274). On the other hand, servant leaders usually have high self-esteem and have no problem giving credit to others. They want to help their people achieve their goals through teaching and coaching individuals to do their best; they achieve this through developing certain characteristics. The ten major characteristics of servant leadership are: listening, empathy, healing relationships, awareness, persuasion, conceptualization, foresight, stewardship, commitment to human resource placement, and commitment to building community (Nab, 2011). Without being knowledgeable of your talents, you cannot move forward without failure. Knowledge is control and great leadership starts with direction. Strengths of Servant Leadership The strengths of servant leadership includes self-awareness, morals, concern for others, and simplicity (Four Needed Strengths, 2011, p. ); all of which has its contributions to organizational development. Self-awareness is vital to servant leadership. Individuals already have the influence of cultural concepts of leadership resent in their lives so being self-aware of those influences will help the individual to combat them. According to Four Needed Strengths (201 1), servant leaders need to take the time to listen not only to themselves but to others as well; they must take the time to peel the layers back of their character to know who they are and what they stand for (p. 1) which takes me to the next strength, morals. Morals tie heavily with self-awareness and any leader needs to have morals and a strong sense of ethics (Four Needed Strengths, 2011, p. 1). The ethics, morals, values, creditability, and integrity that one possesses should drive their actions and how they lead but without them, large shadows will impact how they lead. The next strength is concern for others. Having concerns for others is about putting the need of others before your own needs. Servant leadership is about serving others over self-interest so servant leaders are less likely to practice self-serving behaviors which are behaviors that hurt others. Four Needed Strengths (2011) noted, ââ¬Å"If you want to take servant leadership seriously you must first have concern for the needs of those that you lead with a servantââ¬â¢s heart (p. 1). The last strength that Iââ¬â¢m going to discuss is simplicity. Since the goal of servant leadership is to serve others that should be the main shared vision for everyone who is doing it. According Four Needed Strengths (201 1), by keeping it simple you can navigate back to the shared vision goal; keeping the aim simple and focused (p. 1). Instead of the traditional leadership style of dominating subordinates, servant leadership empowers subordinates and inspires them to perform; it places great importance on teamwork and building relationships. It also contributes to the all-around development of the employees. The servant leader remains patient, is forgiving, and always looks for the good in others (Nab, 2011). Again, this contributes to the all-around development of the employees. Weakness of Just as we have strengths in the belief of servant leadership, there are also weaknesses that we should stay away from. To be a servant leader and have no sense of direction or integrity is purposeless and a weakness. Sadly, a servant leader doesnââ¬â¢t always lead by example, and many people are not influence by their purpose, of being a servant leader, you want understand the direction in which you must go as leader. The decision to act with selfishness, in fear, or without compassion is another weakness. It remains to be seen whether mankind can avoid the negative impact of rebellious individuals who refuse to be servant people. Some critics would argue that servant leadership has a too soft approach and unsuited for a competitive environment. They feel that serving leads to a situation where accountability or responsibility gets diluted. Others feel that when the company is faced with issues of downsizing, servant leadership would fall flat on its face because servant adhering thrust on human resource development. All members may not be on board with the commitment to building community among the team members and would prefer personal lives and work separate (Nab, 2011). How to cite Servant Leadership, Papers Servant Leadership Free Essays Servant leadership is both a leadership philosophy and set of leadership practices. Traditional leadership generally involves the accumulation and exercise of power by one at the ââ¬Å"top of the pyramid. â⬠By comparison, the servant-leader shares power, puts the needs of others first and helps people develop and perform as highly as possible. We will write a custom essay sample on Servant Leadership or any similar topic only for you Order Now While servant leadership is a timeless concept, the phrase ââ¬Å"servant leadershipâ⬠was coined by Robert K. Greenleaf in The Servant as Leader, an essay that he first published in 1970. In that essay, Greenleaf said: ââ¬Å"The servant-leader is servant firstâ⬠¦ It begins with the natural feeling that one wants to serve, to serve first. Then conscious choice brings one to aspire to lead. That person is sharply different from one who is leader first, perhaps because of the need to assuage an unusual power drive or to acquire material possessionsâ⬠¦The leader-first and the servant-first are two extreme types. Between them there are shadings and blends that are part of the infinite variety of human nature. â⬠ââ¬Å"The difference manifests itself in the care taken by the servant-first to make sure that other peopleââ¬â¢s highest priority needs are being served. The best test, and difficult to administer, is: Do those served grow as persons? Do they, while being served, become healthier, wiser, freer, more autonomous, more likely themselves to become servants? And, what is the effect on the least privileged in society? Will they benefit or at least not be further deprived? ââ¬Å" Advantages â⬠¢This concept is seen as a long-term concept to live and work and therefore has the potential to influence the society in a positive way. â⬠¢The exemplary treatment of employees leads to an excellent treatment of customers by employees of the company and a high loyalty of the customers. â⬠¢There is a high employee identification with the enterprise. â⬠¢An excellent corporate culture is developed. â⬠¢Leaders of a company define themselves by their significance to the people. â⬠¢Servant Leadership can be used as a principle to improve the return on investment of staff, in all economic sectors. Managers who empower and respect their staff get better performance in return. Disadvantages â⬠¢Servant Leadership is seen as a long-term application and therefore needs time for applying. â⬠¢Lack of authority: Servant leadership can actually lead to a minimization of the authority of the subject manager and the overall management function in the business. When employees see their manager catering to their needs in an extreme manner, they are less likely to view him as an authoritative figure. If top management wants front-line mangers to push employees to better performance, it is difficult for the servant manager to step back into this role as a more dominant figure. â⬠¢Demotivating: Servant leadership may lead to demotivation of employees, who then produce fewer results over time. It is comparable to a parent-child relationship in which the parent bails the child out of trouble by constantly stepping into to fix things or to do the work for the child. When employees believe their manager will step in to take care of any needs they have or to resolve issues that arise, they are more tempted to sit back and exert less effort in producing quality and put less thought into resolving issues or conflicts. â⬠¢Limited vision: Leaders at all levels of a business are distinct from regular employees by their role of developing vision and providing direction. A manager needs to have some level of detachment from his employees so he can explore new opportunities, brainstorm ideas, resolve problems and formulate a picture on where his department, store or business is headed. Only by having this separation from employees can managers focus on vision and then step in to articulate the vision by providing direction to employees. How to cite Servant Leadership, Essays
Friday, December 6, 2019
Accounting Information System of Fruito
Question: Discuss about the Accounting Information System of Fruito. Answer: Organizational Process: The organization is engaged in the business of procurement of the products in the form of vegetables and fruits from domestic as well as overseas vendors to cater the service of selling them to the people of the local community. Fruito has its own retail outlet through which it sells the products to the people. Moreover Fruit is engaged in some institutional clients like hotels and restaurants. The procurement is made from the local vendors for the products available in local market. For some special products, Fruito has its overseas vendors who use to supply the products as per orders placed. The sales of the products are done through retail outlet which is contributing most of the business. The business also includes serving the institutional customers like hotels and restaurants who are purchasing the products with annual contract. The main feature of this business is to carry on with the risks of the business which is needed to be looked into with proper application of Accounting Information System to mitigate them. Basic purpose of my effort is to detect the risks related to inventories along with the respective internal controls to mitigate them(Simplilearn, 2012). A report with detailed detection of probable risks and respective internal controls to mitigate them will be done by me with subsequent submission to the CFO of Fruito for his consideration and necessary adoption. Following discussion will highlight these issues: Risks: Demand of the Product Product demand is the risk which is generated as per the buying habit of the customers. This risk is important as the changing of buying habits can make loss of revenue and wastage of working capital as the products dealt with are of perishable in nature(Frc, 2014). Quality of product Quality of product is another major risk as this leads to reduction in customers if quality fails for the product sole. This risk will immediately make impact on the sales of the organization and cause huge reduction of revenue(Educba, 2016). Selection of vendors As the company is engaged in trading business, it has to depend upon the products which are supplied by vendors. The credential of vendors is major risk as the products procured from them will be so0ld by the company through its own entity(Shacklett, 2013). Selection of products Selection of products is major risk as the products with good circulation are to be prioritized instead of odd products which are not sold in regular rotation. Receipt of products When the products are delivered to the company, major risk generates from the difference between ordered and delivered products. If such difference happens, it is always making loss to the organization(Simplilearn, 2012). Maintenance of inventory As the products are of perishable in nature, maintenance of inventory poses major threat to the business. The prefixed norms related to maintenance of inventory will assure better result so far damage is concerned. Spoilage of inventory This risk is generated because of the nature of the products and affects working capital of the company with subsequent impact not serving the customers with their requirement. Mitigating the risk through internal control Risk of demand of the product This can be avoided with proper identification of the demand of the customer through proper market survey, and analysis of the demographic feature of the community. The ultimate objective is to find out the food choice of the customers and detection of necessary ingredients to entertain that food habit in the form of fruits and vegetables(Infotech, 2011). Risk of product quality This risk can be mitigated with fixation of standard of products to be procured from the vendors. For this purpose the commonly acceptable standard can be adopted as specified by specified authorities. Risk of vendor selection This risk can be avoided with proper feedback of the vendors from the market with accredited TQM parameter. The vendors with ISO certification should be choice by priority. For local vendors, available market credential should be first priority to judge their ability about the qualitative and quantitative criterion to be ensured(Shacklett, 2013). Risk of selection of product Product selection risk can be mitigated through internal control of proper analysis of historic data of products been sold. This exercise can infer about the nature of products so far its movement is concerned. Fast moving products should be emphasized with high importance, while other products are too prioritized as per turnover(Hall, 2015). Risk of receipt of products To mitigate this risk physical involvement in the forms of verification of type of product with quality is to be considered first. The dispatched goods should be with fresh and saleable in nature and that can ensured through physical verification only. Risk of inventory maintenance The inventories of fruits and vegetables are to be kept in proper sustainable temperature to ensure their long life while it is stored. There are specific life spans of each product as per temperature requirement and accordingly action is to be initiated to comply with that criterion for long and efficient life of the product(Hamlett, 2016). Risk of spoilage This risk occurs with the manhandling of inventories and not complying with the pre-fixed norms of storing the products. To mitigate this risk, high level of technological involvement is necessary along with rotation of products through shelf display and maintenance of FIFO method of stock management is necessary. The reordering level of products should be effectively practiced to mitigate this risk also. Summary to CFO As per the observations detected through internal audit done by me on the ground of finding out probable risks and mitigating them, above report has been furnished. This report emphasizes on the issues of different risk factors out of which quality control, detection of food habit of the community and proper maintenance of inventories are main risks. These risks can be mitigated through the helpful interference of Accounting information System or AIS. AIS can contribute with historical data to find out sales trend which can determine the purchasing habit of the community. Even the role of AIS can be important in the areas of ordering, and inventory maintenance too. Hence AI can contribute with value addition in this aspect to make the company generating more revenue and subsequent profit for Fruito. References: Busch, J. (2013). Supply Risk Management: Exploring Demand Risk. Retrieved December 14, 2016, from https://spendmatters.com/2013/12/03/supply-risk-management-exploring-demand-risk/ Educba. (2016, May 16). The 8 Crucial TQM Elements for TQM's Success. Retrieved November 12, 2016, from Educba: https://www.educba.com/the-8-crucial-tqm-elements/ Frc. (2014). Guidance on Risk Management, Internal Control and Related Financial and Business Reporting. Retrieved December 14, 2016, from https://www.frc.org.uk/Our-Work/Publications/Corporate-Governance/Guidance-on-Risk-Management,-Internal-Control-and.pdf Hall, B. (2015). How to Use Internal Controls to Mitigate Risk Prevent Profit Loss. Retrieved December 14, 2016, from https://www.biggerpockets.com/renewsblog/2015/06/21/internal-controls-mitigate-risk/ Hamlett, K. (2016). Inventory Control Risk. Retrieved December 15, 2016, from Chron: https://smallbusiness.chron.com/inventory-control-risk-2225.html Infotech. (2011). Mitigate Internal Risks Achieve Compliance with Internal Controls. Retrieved December 14, 2016, from https://www.infotech.com/research/ss/it-adopt-a-framework-for-internal-it-controls Johnston, R. (2011). Mitigating the Risk of Fraud and Theft. Retrieved December 14, 2016, from https://www.aicpastore.com/Content/media/PRODUCER_CONTENT/Newsletters/Articles_2011/CPA/Aug/FraudTheft.jsp Shacklett, M. (2013). 10 ways to reduce your risks in buying decisions and vendor selection. Retrieved December 14, 2016, from https://www.techrepublic.com/blog/10-things/ten-ways-to-reduce-your-risks-in-buying-decisions-and-vendor-selection/ Simplilearn. (2012, July 07). Enterprise Environmental Factors Organizational Process Assets: Importance in Project Management. Retrieved December 15, 2016, from Simplilearn: https://www.simplilearn.com/enterprise-environmental-factors-organizational-process-assets-article
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