Examining a Business Failure

Examining a Business Failure Introduction It is the wish of all business organizations, both big and small, to succeed in whatever activities they undertake. Traditionally, all for-profit organizations endeavors to realize improved financial performance, maintain solvency, consistently retain, and increase their capital and client bases.Advertising We will write a custom essay sample on Examining a Business Failure specifically for you for only $16.05 $11/page Learn More However, various factors, either internal or external, can cause business failure in a given segment of an organization or even the entire organization. This research paper explores a business failure that occurred at Chrysler Group LLC in 2009. The paper aims to describe how organizational-behavior theories could have predicted or explained the company failure. It also compares and contrasts how leadership, management, and organizational structures contributed to the failure. Organizational-behavior theories that can p redict or explain a company’s failure Chrysler Group LLC is an American multi-national automobile maker with its headquarters in the Detroit, suburb of Auburn Hills, in Michigan. It was positioned as Chrysler Corporation in 1925 under the leadership of its founder Walter Chrysler. In 2009, Chrysler LLC slipped into bankruptcy and on April 30, 2009, filed for chapter 11-bankruptcy protection from which it emerged on 30 June 2009 after collaborating with the Italian automaker, Fiat (Isidore, 2009). Typically, a well-established business organization like Chrysler Group LLC is run by a management team consisting of senior officials like CEOs and senior financial managers, board of directors, and internal and external auditors. All of these players actively take part in the decision making processes of an organization regarding all of its aspects including human resources management, production, marketing, financial management, and corporate social responsibility (CSR) among othe rs.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Even though, there is a tendency to hinge a company’s future success on the shoulders of the CEO, each of the above-mentioned key players is supposed to play his or her part in order to safeguard the future success of the organization. Concisely, a company’s success or failure can be determined by the role played by its key decision makers during a definite period. Former Chrysler Group LLC board of directors failed to play their role effectively or professionally. They over relied on the leadership of CEOs as the principal key to the company’s future success especially during the early years of the 21st century. Even though, the CEOs of an organization play a critical role in guiding an organization along the path of success, they cannot run an organization singlehandedly. The necessary input of all relevant senior stakeholders is a requisite for success of an organization. Chrysler’s board of directors was wiling to approve exorbitant salaries and bonuses for its CEOs at the expense of the corporation’s ability to pay its debts. Moreover, the board of directors did not consider the company’s ability to continue remunerating its other workers and remitting their employment benefits. The result of this trend was an abnormal accumulation of debts, which nearly pushed the 85-years old automaker out of the market. Fortunately, the company was saved from an inevitable liquidation by Obama’s administration bail out and a successful merger agreement with Fiat. Financial managers viz. internal and external auditors, bear the greatest blame for the failure of the Chrysler Group LLC because they aught to have raised a red flag for other stakeholders following the evident accumulation of debts. In any case, the inability of this category of officials to provide relevan t financial information to the board of directors and the CEOs should have pointed to a possible company failure in the future. Apart from providing key decision makers with reliable financial information on which they can base their strategies, financial officers of an organization should offer reliable insights on how a company should perform in coming days, in relation to possible business and market conditions.Advertising We will write a custom essay sample on Examining a Business Failure specifically for you for only $16.05 $11/page Learn More In short, financial performance of an organization should remain closely monitored under the guidance of the relevant stakeholders including senior financial managers, internal, and external auditors because it is one of the key indicators or pointers to the fate of an organization’s future success. The CEOs and former board of directors of the Chrysler Group LLC probably ignored this fact and hence, the e ventual failure of the company was inevitable given the unfavorable economic conditions of the year 2009. Leadership, Management, and Organizational contribution to the failure Proper and professional management of an organization’s resources, both human and non-human, is central to its success. Leadership, management, and organizational structures provide the needed framework within which control of organizational resources takes place, as well as the running of the day-to-day activities of an organization. These important features of an organization can therefore, contribute to the failure of a company. Chrysler Group LLC leadership, which was expected to emanate from its CEOs and board of directors, similarly failed to find out the cause of the consistent accumulation of debts. They also equally failed to guide the company on how to reverse the trend in order to sustain its solvency. In contrast, one leadership segment, that is, the board of directors, contributed to the f ailure of the company because of its hands-off attitude that left the company’s future success at the mercy of the CEOs who were also unable to avert the eventual failure that befell the company. Both the leadership and management were unable, and/or unwilling, to read possible pointers to possible failure due to the unpleasant debt accumulation that proceeded its eventual slippery into a detrimental bankruptcy. Chrysler LLC’s organizational structures contributed to the failure by failing to unite the CEOs and board of directors into a constant platform, which could foster teamwork needed in the making and approval of all sensitive decisions that guide a company to its future success.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Therefore, the lack of teamwork orientation between the CEOs and the board of directors prevented them from seeing the looming failure from a similar perspective. This, in turn, meant that they did not have an opportunity to put in place the necessary measures at the right time in order to prevent the failure that befell their company. Conclusion All for-profit organizations aim to realize improved financial performance and retain their ability to pay their debts and employees in order to survive in the increasingly dynamic markets. However, that is only possible through able and competent guidance of its leadership and management. The leadership and management of an organization should be able to establish organizational cultures that nurture behaviors, which are congruent to its desire to succeed such as teamwork and professionalism or risk failing to achieve its set goals. Chrysler LLC’s poor leadership, management, and ineffective organizational structures, was its undoin g that culminated into an unfavorable bankruptcy that nearly drove the 85-years old automaker out of markets; but thanks to the federal government bailout, the company remained in the market. Its leadership and overall management failed to read signs of a possible failure; the company‘s financial performance deteriorated as indicated by its adverse preceding debts accumulation but the management was too busy or ignorant to realize it. Reference Isidore, C. (2009). Chrysler files for bankruptcy. CNN Money. Retrieved from https://money.cnn.com/2009/04/30/news/companies/chrysler_bankruptcy/

Example Sentences of the Verb Come

Example Sentences of the Verb Come The irregular verb come is one of the most common in English. Come is usually used when returning to a place one is at such as in come home, or when speaking about a person going from one place to another to see another person as in the phrase come over here.   Come is also used in many phrasal verbs such as, come up, come through, come over, come to. For example: Tom came up with a solution.  Could you come over tonight? Here are two example sentences with the verb come in each of the tenses. There are also examples in the  passive voice,  modal forms, and  conditional forms.   Example Sentences Using 'Come' in Each Form Base Form​ come / Past Simple came / Past Participle come / Gerund coming Present Simple I often come to this supermarket.Alan comes up with great ideas. Present Continuous Look! he is coming up the street.Jennifer is coming over this evening. Present Perfect Mary has come to this school for the past four years.MY friend Peter has come through for me many times. Present Perfect Continuous Mary has been coming to this school for the past four years.The students have been coming to the grammar class for two weeks. Past Simple We came here yesterday.What did the teacher come up with on Monday? Past Continuous We were coming home when we got the telephone call on our cell phone.She was coming to my help as the police arrived on the scene.   Past Perfect We had just come home when he arrived.Alessandra had come up with a solution before they suggested the change. Past Perfect Continuous John had been coming to their house for years when he decided not to visit anymore.Id been coming to this class for two weeks when I met Alan. Future (will) Peter will come next week.When will you come over for dinner? Future (going to) Mary is going to come to the party next week.I think hes going to come up with an idea. Future Continuous This time next week I will be coming home.Will you be coming over for dinner at eight? Future Perfect Many people will have come by the end of the party.This meeting will have come to an end by six oclock. Future Possibility She might come tomorrow.Peter should come to this class. I think youll enjoy it. Real Conditional If he comes, we will have lunch at a good restaurant.Unless he shows up soon, shell have to come over and give us a hand. Unreal Conditional If I came to the party, I wouldnt enjoy myself.I would come over tonight if I had the time. Past Unreal Conditional If he had come, he would have resolved all the problems.Tom would have done his homework if he had come home on time. Present Modal You really should come to the show.The children can come with you this evening. Past Modal They must have come! Im sure I saw them.He could always come home on the weekend.   Quiz: Conjugate With Come Use the verb to come to conjugate the following sentences. Quiz answers are below. In some cases, more than one answer may be correct. We ____ here yesterday.Peter _____ next week.Mary ____ to the party next week.Mary _____ to this school for the past four years.We _____ home when we got the telephone call on our cell phone.I often _____ to this supermarket.This time next week I _____ home.If he _____, we will have lunch at a good restaurant.We _____ just _____ home when he arrived.Many people ____ by the end of the party. Quiz Answers camewill comeis going to comehas comewere comingcomewill be comingcomeshad comewill have come

Consensus Building Week 11 Coursework Example | Topics and Well Written Essays - 500 words

Consensus Building Week 11 - Coursework Example The meetings enable all the members to contribute their views; for example, when there are complains, they will be dealt with in the meetings (Li, Kuo, Huang, & Wang, 2013). The Head Nurse also needs to define the job roles clearly to avoid the contradicting complains about overworking and under working. The Head Nurse may improve staff relations by motivating employees by rewarding, and training them. The nurses and assistants in this floor may be trained on how to complete their tasks efficiently and how to work as a team. This is because through training, workers understand the significance of each member in the floor and they appreciate one another. Another way of improving the staff relations is by treating the workers fairly by rewarding them for their hard work. This is because dissatisfied employees may be resistant and hostile at the workplace. The unit should, therefore, ensure that it rewards the nurses by paying them wages that are equal to their effort, promoting them, and offering them job security (Cox, 2001). The quality of care may be improved by developing communication and team work in this unit. Communication is the most essential factor in the delivery of services because it enables nurses to attend to patients and it also enables the nurses to seek help from their assistants. The unit needs to install a proper communication channel that allows everyone to participate in decision making. The communication channel should also determine how parties resolve conflicts when they arise. In this case, for example, Mitchell may ask the nurses and their assistants to inform her when conflicts arise at the workplace. She may then solve the disagreements without taking sides as soon as she gets the information to avoid wastage of time and delay of services to customers (Li, Kuo, Huang, & Wang, 2013). Team work may also improve the quality of healthcare. All the workers should undergo

Information Systems and Software Applications Essay

Information Systems and Software Applications - Essay Example Marketing Information System (MkIS) implements softwares for the marketing department. It deals with activities related to compilation and investigation of marketing research information. It involves consumer response surveys, analysis of supply and deliverance of the product and an overview of profit. This information helps in marketing related decision-making (Marketing Decision Support System software, MDSS) like what improvements can be done in the product, should the cost be reduced or increased, should it be marketed through other types of media, and etcetera. CRM (Customer Relationship Management) software applications, which deal with the relationship between consumer and organization, â€Å"are used to increase the return on marketing efforts† (Harmon, 2003) through analyzing the history of customer-organization interaction. CRM systems give an analysis of consumer behavior toward the product through market monitoring and research. MkIS also facilitates sales labors a nd customer service and helps in the development of effective marketing strategy. Human Resources Information System (HRIS) implements human resources software applications that deal with â€Å"data entry, data tracking, and data information needs of the Human Resources, payroll, management, and accounting functions within a business† (Heathfield, 2010). HRIS records, manages, analyzes and creates reports relating to all kind of employee information such as enrollment, salaries, vacancies, attendance, vacations, bonuses and other personal information. HRIS integrates with the organization’s payroll and accounting departments for salary calculation. It also deals with applicants, their interviews and selection. (Ajayi & Omirin, 2007, p. 110) where this system is specifically called Decision Support System (DSS). MIS generates reports such as monthly and yearly financial statements,

Islam and Women Essay Example for Free

Islam and Women Essay If a woman is married and her husband is niggardly, the wife has the right to take of her husband’s property without his consent, to satisfy her own and her family’s reasonable needs. Also, if a woman was comfortably maintained as a daughter, then as a wife, she is entitled to the same economic standard of living if her husband can afford it. Employment Islam gives the woman the same work rights as men, so long as her important role as a mother and a wife is not neglected. The sacred role of a wife and mother is paramount and indispensable to society. Without her, the future generation would lack the healthy moral conscience that is needed for the success and stability of any individual and community. Professionalism, hard work, and loving commitment are the natural skills that a woman as a mother, imparts. However, Muslim women are free to pursue employment if they are able to, and with the agreement of their husbands if married. History is witness to Muslim women’s contribution to civilisation in various professions such as teaching, medicine and other fields. Inheritance Islam gives the woman the right of inheritance whereas in some cultures, women were considered themselves objects to be inherited! The woman is allotted a share of inheritance and this is hers to retain and manage no one can lay any claim to it, including her father or her husband. Allah says: â€Å"Unto men [of the family] belongs a share of that which parents and near kindred leave, and unto women a share of that which parents and near kindred leave, whether it be a little or much a determined share. † (Ouran 4:7) Generally, (but not always), her share is one half the man’s share. The woman is her own â€Å"manageress† in Islam; in discharging her responsibilities, she fully enjoys the fringe benefits that her position offers while her independent decisions and duties are accountable to Allah. Indeed, throughout history, the integrity, chastity and maternal role of Muslim women has attracted admiration from even the most impartial observers. For it is only Islam that covers the woman with the robe of modesty and crowns her with the bonnet of purity, providing her with the unique opportunity to contribute comfortably to society. What Grace and Mercy the Beneficent showers upon the woman! For every joy experienced and every effort made, willingly and lovingly on the Path of Allah’s Pleasure, the woman, just as the man, receives the same good-tidings of the happiness and delights, that are ever-flowing from Allah. â€Å"Whoever works righteousness, man or woman, and has faith, verily to him We will give a new life, a life that is good and pure and We will bestow on such, reward according to the best of their actions. † (Qur’an 16:97)

Angelas Ashes :: essays research papers

Angela’s Ashes, by Frank McCourt is a genuine memoir that vividly tells the story of a young, Irish Catholic boy during the 1930’s and early 1940’s. Frank’s memory of his impoverished childhood is difficult to accept, however, he injects a sense of devilish humor into his biography. He creates a story where the readers watch him grow beyond all odds and live through the pinnacle of the miserable Irish Catholic childhood. â€Å"People everywhere brag and whimper about the woes of their early years, but nothing can compare with the Irish version: the poverty, the shiftless loquacious alcoholic father; the pious defeated mother moaning by the fire; pompous priests; bullying schoolmasters; the English and the terrible things they did to us for eight hundred long years†(McCourt 11). His interaction with his family proves that despite the hunger and pain, love and strength come out of misery. Although the book tells the experience of an individual, the st ory itself is universal.   Ã‚  Ã‚  Ã‚  Ã‚  Born in Brooklyn in 1930 to recent Irish immigrants Malachy and Angela McCourt, Frank grew up in Limerick after his parents returned to Ireland because of poor prospects in America. Due to the Great Depression, Malachy could not find work in America. However, things did not get any better back in Ireland for Malachy. A chronically unemployed and nearly unemployable alcoholic, he appears to be the model on which many of our more insulting cliches about drunken Irish manhood are based. Week after week, Angela would be home expecting her husband to come home with money to eat, but Malachy always spent his wages on pints at local pubs. Frank’s father would come home late at night and make his sons get out of bed and sing patriotic songs about Ireland by Roddy McCorley and Kevin Barry, who were hung for their country. Frank loved his father and got an empty feeling in his heart when he knew his father was out of work again. Frank described his father as the Holy Trinity because there is three people in him, â€Å"The one in the morning with the paper, the one at night with the stories and prayers, and then the one who does the bad thing and comes home with the smell of whiskey and wants us to die for Ireland† (McCourt 210). Even when there was a war going on and English agents were recruiting Irishmen to work in their munitions factories, Malachy could not keep a job when he traveled to England. Angelas Ashes :: essays research papers Angela’s Ashes, by Frank McCourt is a genuine memoir that vividly tells the story of a young, Irish Catholic boy during the 1930’s and early 1940’s. Frank’s memory of his impoverished childhood is difficult to accept, however, he injects a sense of devilish humor into his biography. He creates a story where the readers watch him grow beyond all odds and live through the pinnacle of the miserable Irish Catholic childhood. â€Å"People everywhere brag and whimper about the woes of their early years, but nothing can compare with the Irish version: the poverty, the shiftless loquacious alcoholic father; the pious defeated mother moaning by the fire; pompous priests; bullying schoolmasters; the English and the terrible things they did to us for eight hundred long years†(McCourt 11). His interaction with his family proves that despite the hunger and pain, love and strength come out of misery. Although the book tells the experience of an individual, the st ory itself is universal.   Ã‚  Ã‚  Ã‚  Ã‚  Born in Brooklyn in 1930 to recent Irish immigrants Malachy and Angela McCourt, Frank grew up in Limerick after his parents returned to Ireland because of poor prospects in America. Due to the Great Depression, Malachy could not find work in America. However, things did not get any better back in Ireland for Malachy. A chronically unemployed and nearly unemployable alcoholic, he appears to be the model on which many of our more insulting cliches about drunken Irish manhood are based. Week after week, Angela would be home expecting her husband to come home with money to eat, but Malachy always spent his wages on pints at local pubs. Frank’s father would come home late at night and make his sons get out of bed and sing patriotic songs about Ireland by Roddy McCorley and Kevin Barry, who were hung for their country. Frank loved his father and got an empty feeling in his heart when he knew his father was out of work again. Frank described his father as the Holy Trinity because there is three people in him, â€Å"The one in the morning with the paper, the one at night with the stories and prayers, and then the one who does the bad thing and comes home with the smell of whiskey and wants us to die for Ireland† (McCourt 210). Even when there was a war going on and English agents were recruiting Irishmen to work in their munitions factories, Malachy could not keep a job when he traveled to England.

Daily Routines

Your Daily Routines: Then and Now Day| Before College| After College| Sunday| My daily routine before college on a Sunday was to attend church service and was to decide what our Sunday dinner plans were. | My daily routine now that I am enrolled in college on a Sunday are to attend church service, decide what our Sunday dinner plans are, and to make sure that all of my assignments and discussion questions are submitted, and all participation posts are completed for the week. .| Monday| My daily routine before college on Mondays were to go to work and come home to watch my favorite TV shows to wind down from my day. My daily routine now that I am enrolled in college on a Monday is to go to work try to complete a participation post or a discussion question during my lunch break, and then come home and make dinner while studying. | Tuesday| My daily routine before college on Tuesdays were to go to work and come home to watch my favorite TV shows to wind down from my day. | My daily rout ine now that I am enrolled in college on a Tuesday is to go to work try to complete a participation post or a discussion question during my lunch break, and then come home and make dinner while studying. Wednesday| My daily routine before college on Wednesdays go to work and come home to watch my favorite TV shows to wind down from my day. | My daily routine now that I am enrolled in college on a Wednesday is to go to work try to complete a participation post or a discussion question during my lunch break, and then come home and make dinner while studying. | Thursday| My daily routine before college on Thursdays were go to work and come home to watch my favorite TV shows to wind down from my day. My daily routine now that I am enrolled in college on a Thursday is to go to work try to complete a participation post or a discussion question during my lunch break, and then come home and make dinner while studying. | Friday| My daily routine before college on Fridays were go to work and come and decide what our weekend plans were with our friends are and maybe have a date night. | My daily routine now that I am enrolled in college on a Friday is to go to work try to complete a participation post or a discussion question during my lunch break, and then come home to spend time with my husband. Saturday| My daily routine before college on a Saturday was to sleep in late, make a nice lunch fore my husband and then go out with friends and enjoy each others company later that night. | My daily routine now that I am enrolled in college on a Saturay is to wake up a bit earlier than usual to try to complete a participation post or a discussion question before cleaning my house and going out with friends. | What are the major differences in your daily routine now that you are in school? The major differnces that I see now that I am back in school are that I have a more structured schedule and am able to focus on completeing assignments before doing extracuricular activities. Have you included enough time into your schedule for academics? What information in the chart demonstrates evidence to support your answer? I have included enought time into my schedule for academics by cutting out alot of television watching and minimizing the activites I do with friends prior to completeing my class work. The information on the chart that demonstrates evidence of this is there not being any extra activites or television watching during the week or prior to completeing assignments. Do you have an effective balance in the use of your time and your priorities? Why or why not? I do feel that I have an effective balance in the use of my time and my priorities by my cutting out the things that will not assist me in acgieving my goal of and education and earning my diploma. I have substituted watching television by watching the web tutorials. What are some time management strategies you have learned this week that you can implement to make your daily routine effective? A time management strategy I have learned this week is to learn to comprimise with myself I have to buckle down and do my works on certain days so that I can reward myself and be afforded the time for fun activities on other days when my classwork has been completed.