A Study On Change Management Commerce Essay

A Study On Change Management Commerce Essay Accepting change is considered the biggest paranoia in todays world. Organizations – both business and non-business confront a challenging world. Some of the challenges that are faced by managers today include competition from other firms, globalization, and technological changes besides others. Let us consider a small example that can set the stage for discussing the effects of change. Daily life in a modern society is like a routine, where we wake up in the mornings, have breakfast, go for work, have lunch, come back from work, eat dinner and then sleep again. It has become a scheduled life, or so to say, we conform to structure in our lives. This structure provides us the necessary security. But, if we were to live in a world full of anxiety and unexpected mechanisms, it may leave us feeling uneasy and apprehensive. If this is the condition of individuals, a large-scale change in an organization can surely transform its people into anxiety, exasperation, frustration, depre ssion or even fatal incidents. To curb this, organizations practice what is to be referred to as Change Management. Change Management is a process whereby, the individual, team or the organization develops a planned approach towards any sort of an alteration. The objective is to capitalize the benefits for the people and lessen the risk of failure of implementation. Change management entails thoughtful planning and sensitive implementation, and most importantly, consultation with the people who are going to be involved in the process. This task studies how organizations have evolved to accept change. But let us first look at the drivers that affect organizational change: Ø Inadequate Financial Performance – the 2008 economic slowdown can be well quoted as an example for this. Companies failing to reach their financial benchmarks, have to undergo change. Competitive organizations can cannibalize their market share, provided they enter with cheaper labor or superior technolo gy. Failure to maintain the market share can force companies to rethink their opportunity cost and also the deployment of resources. Ø Changes in Strategic objectives – many companies shift their focus from being product-driven to being customer-driven or even process-driven. To enable this, restructuring and re-orientation of processes, people are required of in the organization. Ø New Technology – companies that neglect the new trends in the market are set to suffer a setback, and, therefore, should adapt to the changes in technology. Ø Mergers and Acquisitions – when companies merge and consolidate their operations, people and the culture, re-engineering takes place. The streamlining of the operations, infrastructure and the structure of the two organizations into one centralized theme is a huge part of the change management process. These, could be defined as the drivers of change that evolve businesses and markets. Organizations, today, have learn t to adapt to change. In this era of globalization, fast-moving lives and business-centered organizations, people and the processes have accepted the transformation. For instance, a lot of investment banks had to undergo transformation during the economic slowdown. Citigroup Inc. restructured its banks and other affiliates during the recessionary period, to acclimatize with the new environment. And it did happen. The management has to ensure that a smooth shift occurs, and for this it adopts a number of organizational theories as a basis for effective change management. Some of them are listed in the next few paragraphs.

Breaking a Gender Norm Essay Example | Topics and Well Written Essays - 500 words

Breaking a Gender Norm - Essay Example Since culture defines expectations of a man, a man wearing a dress goes against the norm and is viewed as feminine because of wearing a dress; although, men in west Africa wear overall dresses in official and unofficial occasions (jewa6961, 2011). College shows double standards between men and women because men feel the desire to exercise dominance for them to be accepted in society. Although I found it easy to violate the male norm of dressing, the feelings of violating the dressing norm in men in a public place is quite uncomfortable regardless of the fact that women are proud of their appearance. I felt the need to act in a way that would conceal my feelings in an attempt to avoid consequences associated with violation of the norm. I had a feeling of fear regarding the way the people around would receive the gender deviant behavior because I knew there would be social penalties because I was behaving in way that is incongruent to the norm regarding male dressing. Due to preferred male dominance in the country, dressing like a woman exposed me to the double standards in violating the male dressing norms; moreover, acting in this way made me feel like I managed to break away from standards set out by the society. By wearing a dress evoked stereotype judgment aimed at me due to the violation of expected genders norms associated with men dressing because dressing in men is essential in showing their masculinity. However, to a certain extent I felt that people could be embracing actions of deviance aimed at gender norms because some people showed signs of comfort even when I broke norms of men dressing. However, traits related to gender can vary in accordance with culture, gender norms being what is considered socially acceptable in all genders advocates strict adherence to the norms in each gender. By violating the dressing norm in men I developed feelings of being socially unpredictable, confusion regarding norms, undermined trust regarding

Intermediate Financial Accounting Essay Example | Topics and Well Written Essays - 2000 words

Intermediate Financial Accounting - Essay Example International Accounting Standard 38 mentions the utility and usage of intangibles in the financial aspect of companies. The intangible assets are the intellectual property rights, goodwill and the expenditures of the company on research and developments. They are also known as capital developments. In the second part of the report, the examples of two famous listed Australian companies have been taken. Both of these companies are from pharmaceutical industry. Acrux Limited specializes into development of fast-drying sprays and other medicinal products, while Agenix Limited is mainly based in China and has competency in development of biopharmaceuticals. The company is into several agreements with renowned institutions for development, innovation and discovery of useful medicines for the betterment of mankind. The management in Acrux Limited considers their intangible assets at the cost price when they were acquired. In case of Agenix Limited the capital development of their research and development on some new drug has been included. Agenix Limited has a larger base of intangible assets than Acrux limited, in terms of financial value. Both the financial statement of both the companies shows that the intangible assets of the companies are well-maintained. ... The best examples of intangible assets in organizations are the goodwill, intellectual property rights such as patents, copyrights, trademarks, brand recognition, etc. There are two types of intangible assets, such as legal and competitive intangible assets. The legal intangible assets are the trade secrets such as the patents or copyrights, competitive intangible assets are knowledge or technical know-how. The legal intangible assets are acquired through judicial regulations, but in case of competitive intangibles, legal regulations are not enforceable (Anson, and Drews, 2007, p. 6). The Uniform Commercial Code (Section 9-102 (a) (42)), depicts that intangibles are the personal property. In International Accounting Standard (IAS) 38, it has been mentioned that the legal intangible assets which are internally developed cannot be defined, but if it is acquired from third-party then it can be recognized. While in case of US GAAP, the intangible assets are segregated into internally dev eloped intangibles versus the purchased ones, and the limited life intangibles versus indefinite life intangibles. The potential economic reimbursement from an intangible asset might comprise of revenue from sale of services or products, saving cost, or additional benefits from the usage of assets by the venture. For example, using intellectual property in a construction development may condense the future cost of production rather than the increase in future revenues (Australian Accounting Standards Board, 2008, p. 2-4). Problem Areas The power to create customer value, stakeholders and shareholders’ value and economic value no longer depends on the production factors, but on intangible assets. These are also considered as the