Individual Report Essay Example | Topics and Well Written Essays - 1000 words

Individual Report - Essay Example The analysis entails the resources and the organization’s performance in its external environments. This report describes the organizational paradigms and their impact on the process of strategic management. Introduction An organization defines its own ways of identifying its operations in its environment in order to guarantee profitable performance and customer satisfaction. This is achieved through the implementation of a given structure that determines the functions that warrant the objectives of the company. This is aligned to the key objective of a firm that is solely maximizing its profits. The organizational paradigms key issue assists in describing the structural design that is suitable to the accomplishment of the functional requirements (CARTER 2010). Therefore, organizational paradigms imply the fundamental presuppositions that unnoticeably define and shape an organizations structures, policies, and operations. Elements of Organizational Paradigms Organizational par adigms consist of four main elements according to its scientific description. The symbolic generalization is an element that gives ways that problems within the paradigm are posed and solved. The second element is the metaphysical assumptions (STRATI 2000). This element represents the taken-as-given beliefs about the issues that will be treated as real regarding the organizations operations and environment. The third element describes values that embody the fundamental priorities and alternatives of the problems pursued and the main objectives to adhere (DONALDSON 2001). Lastly, exemplars are an organizational paradigm’s element that deals with those worked-out methods and solutions that exhibit the whole world perception as a rational form. Rational Systems This is an organizational paradigm whose systems are highlighted by high specificity of formation, formalization, objectives, and a conscious purposeful synchronization among members in an effort to establish an efficient operated company. These characteristics of the objectives drive the mannerisms of the company’s members (HASSARD 1995). It also establishes boundaries through which the organization puts efforts to succeed in relation to the firms goals or community within which it seeks to aspire. In addition, the rational system is usually demonstrated by Taylor’s Scientific Management concept of methodical evaluation of an employee’s productivity seeking to set given standards of effectiveness and substitute the arbitrary decisions of front line managers (SCOTT 2003). Furthermore, the rational system addresses management effectiveness by establishing extensive administrative standards through concepts such as hierarchical organizational structures, unity-of-command, and departmentalization. Moreover, it ensures the homogeneity of operations to offer control and focus needed by a firm and its managerial service. The paradigm also offers a different viewpoint that demonstrates the model that companies need structures and procedures to serve and sustain their survival (SCOTT & DAVIS 2007). An example of an implemented rational system is the hierarchical centralized structure of the national security sector of our country. This entails the decision-making process that directs the sector. Each of the constituent part of the sector implements a good deal of the rational system concept. The disciplined forces services are usually affiliated with the

Fnancial Accounting Case Study Example | Topics and Well Written Essays - 4750 words

Fnancial Accounting - Case Study Example Our opinions, based on our audits, are presented below. In our opinion, the accompanying consolidated balance sheets and the related consolidated statements of income, of stockholders' equity and of cash flows present fairly, in all material respects, the financial position of Ford Motor Company and its subsidiaries at December 31, 2006 and December 31, 2005, and the results of their operations and their cash flows for each of the three years in the period ended December 31, 2006 in conformity with accounting principles generally accepted in the United States of America. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these statements in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstate ment. ... We conducted our audits of these statements in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit of financial statements includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. Our audit was conducted for the purpose of forming an opinion on the basic financial statements taken as a whole. The accompanying sector balance sheets and the related sector statements of income and of cash flows is presented for purposes of additional analysis and is not a required part of the basic financial statements. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and, in our opinion, is fairly stated in all material respects in relation to the basic financial statements taken as a whole. As discussed in Note 27 to the consolidated financial statements, the Company changed the manner in which it accounts for conditional asset retirement obligations in 2005. As discussed in Notes 23, 12, and 10, respectively, the Company changed the manner in which it accounts for defined benefit pension and other postretirement plans, the timing of its annual goodwill and other intangible assets impairment testing, and its amortization method for special tools in 2006.Internal control over