Budget Planning and Control Assignment Example | Topics and Well Written Essays - 500 words

Budget Planning and Control - Assignment Example Budgets are highly important in obtaining debts from the financial institutions. Banks and trade creditors usually examine the financial stability of the company to ensure that their debts are well secured by the assets of the company. Effective budgets reflect the plans and cash flows of the company that makes it easier for the creditors to decide whether or not to grant debts (Kemp, 2003). Effective budgets assist the management in determining the costs with accuracy. If the company determines the costs and expenses in advance, it will help them in making pricing decisions and in implementing the cost control policy. Thus it is necessary to prepare effective budgets in order to establish strategies that are important in highly competitive markets. 1. Nordstrom should decide on budget committee and the participants that should be involved in the budget setting process. Participation of managers is essential to consider their point of view while establishing budgets. 8. Review the performance on a timely basis and determine any variation in actual results about budget. Investigate the problem and reasons behind the variation to resolve the matter on efficiently (Shapiro, 2008). An important aspect of budget management is employee participation. Managers of individual departments should be informed on regular basis about any updates and alterations made in the budgets. By getting regular updates, it will become easier for the managers to implement the budgets and changes on a timely basis. Another advantage of the employee participation is that it motivates the employees and create the sense of ownership among them (Donovan, 2005). For long-term and effective implementation of budgets, it is necessary to keep track of resources to determine whether or not they are sufficient to fulfill future needs. In case of lack of resources or destruction of resources, budgets should be altered in such a way

Performance Feedback, Performance Incentives and Rewards, and Employee Essay

Performance Feedback, Performance Incentives and Rewards, and Employee Evaluation - Essay Example The researcher states that in the current day context, human resources management practices which deal with the management of the workforce in a company have experienced the dramatic shift. Performance feedback is essential for the evaluating and analyzing the performance of the employees in an organization. Every organization follows certain performance feedback processes to evaluate as well as encourage their employees among which the 360-degree feedback system has gained considerable importance. In performance feedback, the implication of Multi-Source Feedback programme, also known as 360 Degree is very popularly used nowadays. Garber stated that the 360-degree feedback system has gained popularity in these recent years. The main motive of the 60-degree feedback system is to enhance the efficiency of the human resources by providing them with feedback on their performances. However, the feedback provided to the employees through this system eradicate the chances to de-motivate or negatively motivate them hampering their contribution to the productivity of the organization. Rather, it emphasizes on encouraging them for better performance by identifying their weaknesses along with their strengths. Here, the main focus is on feedback not on evaluation. It also helps in developing the professional capabilities of employees further enabling them to communicate with the organization’s culture and values. 360-degree feedback assessment must be considered to be more valuable than a data collection programme as the system considers the utilization of the feedbacks obtained to enhance the performances of the employees. Heisler further suggested that 360-degree feedback assessment programme should be designed to measure the behaviors and characteristics of the employees with relation to the organizational strategies. The author also stated that the 360-degree feedback process must be supported by the employees as well as with the tools implemented by the organiz ation for the analysis and interpretation of data collected through this system. Finally, he concluded by saying that the process should be supported by developmental planning for the participants.

Code of ethics guideliness Essay Example | Topics and Well Written Essays - 750 words

Code of ethics guideliness - Essay Example (ANA Provision 3) In such a scenario, I would not give out any information about the patient despite their popularity in the society; moreover, the patient being a prominent public figure does not give a reason to invade their privacy as a patient. Additionally, every nurse has a duty to maintain confidentiality of all patient information so as to avoid peril, especially when there is a strong relationship between the nurse and the patient, and the nurse acquires redundant information about the patient. Significantly, in such a situation, it is my duty and responsibility as a nurse to let the information being requested confidential both for the safety of my patient, which is the primary factor and also the safety of my profession as a nurse. Being offered a reasonable amount of money, in such a case should not have any impact on my judgment or decision; as a nurse I’m required to act appropriately to all situations put the well being of the patient first. Accepting bribes is an unprofessional act especially when it relates to invading their privacy; am expected to maintain and preserve my integrity and moral respect as a nurse. (ANA, Provision 5) Description and Purpose of ANA Code of Ethics Code of ethics for nurses are used and considered to be a guide for practicing nursing responsibilities and duties in a way consistent with quality in nursing care and the profession’s ethical obligations. The American Nurses Association (ANA) code of ethics is a summary of the significant wide-ranging values, duties and responsibilities that are consistent with the role of being a nurse. The professional to code relationship is an important feature of the practitioner’s moral life that requires interpretation at times. (ANA 2001) The American Nurses Association (ANA) defines three key purposes of the code of ethics even though they are other general aspects and principles of the code; these three major purposes are considered to be normative and autho ritarian. The first purpose of the code is to provide moral rules that help steer the deeds of the nurses in general while the second is that it pertains across the scale of the common nursing roles like research, patient care and education; and recognizing the nurses’ obligations and placing them in moral relationship to the society is the third purpose of the code. Generally, the code of ethics is also said to be an expression of professionalism i.e. nursing, since having it corresponds to everyone in the system and environment of the specific profession. Another implied purpose of the code of ethics is to define the sane meaning of being a nurse, encouraging a more articulate, inclusive professional identity. (ANA 2001) How I Plan to Use the Code of Ethics to My Advantage As a professional nurse, I will strive to ensure that I use all the provisions of the code of ethics as a basis or foundation of my profession in all situations putting the patients first above everything else and not forgetting myself as of the fifth provision. I will ensure that all patient information is kept confidential and only accessible to the concerned parties or in cases where I’m required to provide the information as a reference to be used in ensuring the well being of that particular patient. I rightfully understand the

What kind of successful interventions for obesity prevention in school Research Paper

What kind of successful interventions for obesity prevention in school from 10 to 12 grades have been conducted in the United State - Research Paper Example Intervention programs aimed at obesity prevention for children and adolescents should be a national priority in order to have a healthy nation in future. There is considerable increase in health risk for children and adolescent who are obese or overweight as they are in danger of suffering from diseases such as, hyperlipidemia, type 2 diabetes, asthma and hypertension (Reilly et al., 2003). When children and adolescents with both type 1 diabetes and type 2 diabetes are compared, youth suffering from the later face increased health complications such as nephropathy and cardiovascular disease associated with diabetes (Eppens et al., 2006). Obesity also results in behavioral and mental issues for the affected children with studies indicating adolescents also experience psychological consequences such including low self-esteem and depression (Reilly et al., 2003). Obesity for children in 1st to 12 grades is a problem that is widespread as it cuts across all social, economic and racial classes. Based on the available data, obesity affects even children from the minority groups that include Native Americans, African-Americans as well as Hispanics in addition to low-income groups. According to Ogden, Carroll, Kit and Flegal (2012), the prevalence of obesity for children from African American (24 percent) and Hispanic backgrounds (21 percent) is higher compared to those from white ethnic background (14 percent). The problem of childhood obesity has led to concerted efforts by stakeholders in education and other welfare organizations to identify the childhood obesity causal factors, the consequence on overall wellbeing of the children as well as the necessary mechanisms to arrest the situation. The consequence of increased interest into the problem of obesity in children and adolescents attending 1st to 12 grades has led to the identification of several contributing factors that have been blamed for