Essay on My Two Favorite Sports Tennis vs. Basketball

As many can tell you there is nothing quite like the feeling of playing the sport you love with crowds cheering for you to win. Everyone can feel this way because sports are relatively simple and easy to play with practice. I remember I used to hate the idea of playing any sport, but when once I started to play I didn’t want to stop; two sports that I particularly enjoyed playing were baseball and tennis. Although Baseball and tennis are both sports that involve using a club to hit an airborne ball, they differ because of the equipment used to play them, the rules for each game and the way points are scored. First of all to play a baseball game you need to have a baseball, a baseball bat, baseball mitts, helmets and uniforms but to play†¦show more content†¦Whereas the tennis field is only a 78 ft long rectangle with 27 ft of width used for singles and 36 used for doubles width. Second the rules differ for each game, because a tennis court can only be played on with 2 or 4 people on the court at once unlike baseball where there can be as many as 13 players on the field at once. In every sport there are rounds in baseball these rounds are called innings, to end an inning you need to get six outs three for each team. Every professional baseball game has nine innings which makes them longer than tennis matches because in tennis you need to have 4 outs to end a game and six games to end a set. Most tennis matches have 2 sets and rarely three sets in a match. Finally to score in baseball you score by hitting the ball into the outer part of the field and running past each base in order without getting tagged by the ball while trying to run to a base. In tennis you score by having the ball bounce twice in your opponent’s side of the court, one bounce has to be inside the other can be in or out. If the first bounce is outside the point goes to your opponent and the way to keep your opponent from scoring is hitting fast balls away from where your opponent is standing. To keep your opponent from scoring in baseball you can make him strike out or tag him with the ball while he is trying to run the bases. The way to win in baseball is by having the most runs unlike tennis where the objective is to win theShow MoreRelatedThe Best Candidate For The Pizza Hut1384 Words   |  6 PagesI truly believe that I am the best candidate for the Pizza Hut All-American Opportunity. After reading, the flyer that was posted in my classroom, I was strong intrigued by possibility of forming my competiveness of sports with Pizza Hut. The reason why I feel in love with Pizza Hut was because of the amazing crust I pick on my pizza. Any pizza company can make a pizza decent, but Pizza Hut takes time in the crust of amazingness. Personally, I am a fan of the pretzel crust pizza with the meat loverRead More Cancer Essay1487 Words   |  6 Pagesand your health so you wont have cancer. Run for 20 minutes its worth it. The running will make your hear t and body more healthier. (â€Å"HealthCenters†8). More than 1.4 million people will have some type of cancer in 2011 through 2012. One of every two men and one out of three women will get cancer in their lifetimes. The good news in 70 years the cancer deaths in the US and in the world had fallen. People can reduce their risks of getting cancer through diet, exercise, and weight loss.(â€Å"ResearchRead MoreThe Battle Of World War II2060 Words   |  9 Pages1. Two major causes of World War II included when Hitler and his Nazi party took over Germany politically in 1933, and Japanese militarism. 2. Originally, America tried to stay neutral in the war. However, on December 7th, 1941, Japan’s forces bombed Pearl Harbor in Hawaii, forcing our country to take side. The next day, President Roosevelt declared war on Japan. 3. The term home front refers to the civilian part of a nation at war when its armed forces are abroad in combat. On the AmericanRead MoreSports17369 Words   |  70 PagesAvenue, New York, NY 10016. IM-1826 CONTENTS Introduction Chapter 1. Introduction to Sports, Sportscasters, and Sportscasting Chapter 2. The Historical Development of Sports and Sportscasting Chapter 3. The Economics of Sports, Sportscasters, and Sportscasting Chapter 4. Audiences for Sports and Sportscasting Chapter 5. The Role of Media in Sports and Sportscasting Chapter 6. Sociocultural Perspectives on Sports and Sportscasting Chapter 7. Practicum on Sportscasting Chapter 8. The Future of Sportscasters/SportscastingRead MoreSports17363 Words   |  70 PagesAvenue, New York, NY 10016. IM-1826 CONTENTS Introduction Chapter 1. Introduction to Sports, Sportscasters, and Sportscasting Chapter 2. The Historical Development of Sports and Sportscasting Chapter 3. The Economics of Sports, Sportscasters, and Sportscasting Chapter 4. Audiences for Sports and Sportscasting Chapter 5. The Role of Media in Sports and Sportscasting Chapter 6. Sociocultural Perspectives on Sports and Sportscasting Chapter 7. Practicum on Sportscasting Chapter 8. The Future of Sportscasters/SportscastingRead MoreAdidas Marketing Plan20779 Words   |  84 PagesPriya†©Nathan†© Jackie†©Smith †© April†©30,†©2010†© Executive†©Summary†© †© Adidas†©has†©been†©around†©since†©1924†©and†©has†©grown†©to†©be†©one†©of†©the†©top†©companies†©in†© providing†©a†©variety†©of†©high†©quality†©products†©to†©consumers†©interested†©in†©sports.†©It†©is†© currently†©the†©number†©two†©brand†©in†©the†©sporting†©goods†©industry,†©trailing†©its†©main†© competitor†©Nike.†©Adidas†©has†©a†©strong†©focus†©on†©both†©performance†©and†©style,†©as†©opposed†©to†© Nike’s†©more†©pure†©performance†©emphasis.†©Adidas†©is†©currently†©surviving†©in†©its†©market†©but†©Read MoreAdidas Marketing Plan20768 Words   |  84 PagesErin†©Dodds†© Priya†©Nathan†© Jackie†©Smith †© April†©30,†©2010†© Executive†©Summary†© †© Adidas†©has†©been†©around†©since†©1924†©and†©has†©grown†©to†©be†©one†©of†©the†©top†©companies†©in†© providing†©a†©variety†©of†©high†©quality†©products†©to†©consumers†©interested†©in†©sports.†©It†©is†© currently†©the†©number†©two†©brand†©in†©the†©sporting†©goods†©industry,†©trailing†©its†©main†© competitor†©Nike.†©Adidas†©has†©a†©strong†©focus†©on†©both†©performance†©and†©style,†©as†©opposed†©to†© Nike’s†©more†©pure†©performance†©emphasis.†©Adidas†©is†©currently†©surviving†©in†©its†©market†©but†©Read MoreComplete Project on Nike16139 Words   |  65 Pagesacknowledge the encouragement and guidance received by my organizational guide †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..and other staff members. I convey my heartful affection to all those people who helped and supported me during the course, for completion of my Project Report. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. EXECUTIVE SUMMARY This marketing strategic plan has been written keeping in mind the Indian operations of Nike Inc. – the global sports shoe giant. It aims first, at analyzing the sports shoe industry India and finding a place in it for NikeRead MoreEssay on Virtual Child16751 Words   |  68 Pagesloud noises and intense stimuli. She wakes up often at night in a random manner. You are getting grumpy. How will you deal with this? A: You or your partner will take turns soothing Preslee by rocking and talking softly. 2) Q: As a family with two working parents, what type of daycare will you choose? A: Hire a sitter to care for Preslee in your home. 3) Q: You and your partner need more sleep to keep up with the demands of work and childcare, so what do you do when Preslee wakes up cryingRead MoreCelebrity Endorsements19810 Words   |  80 Pagesthis project. My sincere thanks to Ms. Kokil Jain ,my Marketing teacher for giving me an opportunity to work on this project whereby I was given a chance to study the impact of celebrity endorsement as a source of brandbuilding and on consumers buying behavior which helped me to increase the span of my knowledge and developed my thinking on more practical lines. I thank her for her guidance and support throughout the time when I was working on this project.I express my sincere thanks to my parents, friends

Narrative Structure and Point of View in Julio Cortázar’s...

Narrative Structure and Point of View in Julio Cortà ¡zar’s Hopscotch Julio Cortà ¡zar’s Hopscotch is not simply non-linear fiction, as the novel provides an early precedent for many of the characteristics found in contemporary hypertext fiction. Readers familiar with electronic hypertext fiction will likely notice the similarities in narrative structure, point of view, and the postmodern tenet of form contributing to content. Cortà ¡zar writes in the Table of Instructions that Hopscotch contains 2 books mainly, likely meaning the different reading sequences; however, the first two sections, â€Å"From the Other Side† and â€Å"From This Side,† can be considered the different books to which Cortà ¡zar alludes. Just as distinct plot threads exist†¦show more content†¦As readers we can not disavow our knowledge of Oliveira’s experiences in Paris, particularly regarding La Maga, when reading â€Å"From This Side,† but we should certainly consider the significance of this knowledge, which, for example, creates dramatic irony in the context of Traveller and Talita. The narrative structures of the first two sections do not follow the typical dramatic arc, as no climax or resolution exist in either section. I caution readers against identifying as possible climaxes of â€Å"From the Other Side† Rocamadour’s dying (chapter 28, discussed across various pages) or Oliveira’s leaving La Maga, as the former serves primarily as a catalyst for change; more importantly, Chapter One begins with Oliveira’s asking, â€Å"Would I find La Maga?† (3) because he has already left her. When readers eventually ascertain the plot sequence of â€Å"From the Other Side,† they can see that they do not read along the traditional dramatic arc that develops over time, but rather read segments while immersed in a perpetual middle. This characteristic leaves readers in a continual present in which the passage of time does not progress the plot, much like in hypertext fiction. Although the plot of â€Å"From This Side† develop s linearly, the presumed ending of chapter 56 continues this perpetual present: readers

Imperialism and Colonialism Essay - 541 Words

Imperialism Imperialism is the policy or practice of a country extending its control over a foreign country’s land, economic life, or political system. The ruling country usually does this through conquest, and the native people of the nation being taken over are often suppressed. If a nation takes over the government of another territory militarily or through political means, then this is called direct imperialism. Indirect imperialism is when a region is self-governing but another country takes over through economic processes. Colonialism Colonialism is when a nation extends its authority over another territory by establishing colonies in which the native people are either moved out or ruled over. Some people believe colonialism†¦show more content†¦The word colonialism comes from the Latin word colonus, which means â€Å"farmer†. When a country has been colonized, usually people from the ruling country are transferred to the new territory being colonized. These people now live permanently in the colonized country, but they maintain a political allegiance to their home country. The word imperialism comes from the Latin word imperium, which means â€Å"to command†. In imperialism, one country expands its authority over another, but it can exist without actually creating formal colonies. Using colonialism is an imperialistic act. However, imperialistic acts do not necessarily have to be colonial. Forming colonies would require military force, but you don’t have to use military force to hav e imperialism. Another difference would be that in imperialism there aren’t always sharp distinctions between those who are ruling and those being ruled, while in colonialism there are. Two Examples Colonialism has been going on for a very long time. The ancient Greeks, Romans, Moors, and Ottomans are just some examples of countries that have colonized. A more famous example of colonialism is the European colonization of the Americas. The first people who reached the Americas were actually the Vikings. They started to colonize, but then stopped. Later on, there were explorers from European countries that began to make journeys to America. Some of these explorers include Christopher Columbus (fromShow MoreRelatedColonialism And Imperialism1836 Words   |  8 Pagesâ€Å"What do I think of Western civilization? I think it would be a very good idea.† – Mahatma Gandhi â€Å"I would say colonialism is a wonderful thing. It spread civilization to Africa.† – Ian Smith Over the centuries Colonialism and Imperialism have been viewed, justified and experienced differently throughout the world. The very idea created questions of both legitimacy as well as indignity in the minds of historians, writers, scholars and critics of the world. However, the growing incongruence andRead MoreEssay on Imperialism and Colonialism2505 Words   |  11 PagesImperialism has been noted to be practice of foreign rule in a context of hierarchy and subordination, which can eventually lead to the formation of an empire. Imperialism refers directly to the enhancement of power and military superiority. At the time when developed nations were colonizing less developed nations around the 1870s, the age of Imperialism began. Referring to the time were nations such as the United States, Germany, and Japan began to employ imperialist doctrines to their governanceRead MoreColonialism And Imperialism In Europe1440 Words   |  6 Pagesfinancial superiority imposed its economic model, its values, ideals and its culture to a large part of the world. Imperialism can be defined as the system in which the politics, economy and culture of one part of the world are organized according to the domination of some countries over others. The imperialism that emerged in the nineteenth century was the culmination of colonialism initiated in the fifteenth and sixteenth centuries. But both forms of colonial domination were very different. TheRead MoreNotes on Colonialism and Imperialism1489 Words   |  6 PagesChapter 33 Notes * Foundations of empire * Motives of imperialism * Modern imperialism * Refers to domination of industrialized countries over subject lands * Domination achieved through trade, investment, and business activities * Two types of modern colonialism * Colonies ruled and populated by migrants * Colonies controlled by imperial powers without significant settlement * Economic motives of imperialism * European merchants and entrepreneurs made personalRead More Colonialism and Imperialism in Africa Essay1158 Words   |  5 PagesDisease and Imperialism in Africa      Ã‚  Ã‚   Diseases were prevalent in Africa during the time of European Imperialism. Disease affected both natives and European peoples in Africa. African diseases affected both natives and European explorers and soldiers as well as diseases brought by the Europeans that affected the Africans.      Ã‚  Ã‚   Numerouks diseases impadcted the Europeans in Africa during the time of Imperialism.   During the time of Imperialism many explorers and soldiers died of diseaseRead MoreSimilarities Between Imperialism And Post Colonialism1606 Words   |  7 PagesImperialism, colonialism, and post colonialism are all a very important part of history. Each of these are present in the writings for the topic of the essay. The three writings that will be discussed are Clarice Lispectors The Smallest Woman In The World, Jamaica Kincaids On Seeing England For The First Time, and Civil Peace by Chinua Achebe. Each of these writings give great examples of imperialism, colonialism, and post colonialism through different perspectives and from different parts ofRead MoreThe Foundations Of Racial Capitalism, Imperialism And Colonialism Essay1468 Words   |  6 PagesThe foundations of racial capitalism, imperialism and colonialism have significantly shaped the existence of African people, a nd those of the diaspora. As a result of these institutions, the history and implementation of slavery and colonialism have had lasting effects that are essential to the current position of Black folk in Africa and the diaspora; altering the way we view ourselves, our country and the world. Throughout different moments in history, Black folk have equated freedom and liberationRead MoreBritish Colonialism And British Imperialism1254 Words   |  6 Pagesthe British Empire in 1921 after a period of rapid growth and ceaseless land acquisition. With such a wide range of power, one would think that imperialism was seen as beneficial to all involved, with the exception of the natives whose land was slowly being destroyed. A common theme in literature around this time was the condemnation of british imperialism. Some writers wrapped up their opinions in neat yet artistic lines, simply hinting at their disapproval while others went out of their way to makeRead MoreEssay about European Colonialism and Imperialism992 Words   |  4 PagesOther people believed that the Europeans were genetically superior to the other regions of the world. Now, because of Jared Diamond’s thesis, we can conclude that the ultimate cause of European colonialism and imperialism was â€Å"Geographic Luck.† One of the main reasons for European colonialism and imperialism was the axis and climate zones. Having a long east-west axis results in the same climate zone and same day lengths. Crops are spread easily on an east-west axis because, moving east to west, thereRead More European Colonialism and Imperialism in Shakespeares The Tempest949 Words   |  4 PagesEuropean Colonialism and Imperialism in Shakespeares The Tempest William Shakespeare’s play The Tempest reveals how ideologies of racial ‘otherness’ served to legitimize European patriarchal hegemony in Elizabethan England. In the Elizabethan/ Jacobean times of England there were many relevant ideologies relevant to this play. In examining the values and ideologies this text endorses and challenges, the society of the time (Elizabethan England), and a knowledge of how it operated serves a great

The Freedom in Cooking - 923 Words

According to Jim Sollisch’s article, cooking is an outlet of expression and is not limited to one gender (Sollisch, â€Å"Cooking Is Freedom†). Sollisch communicates of how his newfound interest and love of cooking came out of an act of rebellion to allow the enrollment of boys in Home Economics classes (Sollisch, â€Å"Cooking Is Freedom†). He effectively uses an informal tone and an abundance of short, simple sentences appropriate for his audiences of New York Times and blog post readers. His copious amounts of personal anecdotes provide credibility in the subject. His use of incomplete sentences and colorful, easy-to-understand word choice puts him in the level of the reader establishing a personal connection. Sollisch begins his article with a personal story of how he first came upon the art of cooking (Sollisch, â€Å"Cooking Is Freedom†). Immediately, he uses a sentence fragment: â€Å"very hungry† (Sollisch, â€Å"Cooking Is Freedom) which conveys an informal tone in the first two sentences of the article. As the article progresses, his sentence structure and the topic of his writing express a casual tone as well. He mentions his mother packing his lunch for him and about how he preferred learning how to make lasagna instead of learning how to use a lathe (Sollisch, â€Å"Cooking Is Freedom†). In addition, Sollisch utilizes similes and side notes to add to the casual tone of his article. He describes the power cooking gives him as similar to â€Å"the power some kids feel when they get a driver’sShow MoreRelatedIs Cooking Really Freedom in Jim Sollisch’s Article,751 Words   |  3 PagesIs Cooking Really Freedom? According to Jim Sollisch’s article, cooking is an outlet of expression and is not limited to one gender (Sollisch, â€Å"Cooking Is Freedom†). Sollisch communicates of how his newfound interest and love of cooking came out of an act of rebellion to allow the enrollment of boys in Home Economics classes (Sollisch, â€Å"Cooking Is Freedom†). He effectively uses an informal tone and an abundance of short, simple sentences appropriate for his audiences of NY Times and blog post readersRead MoreIs Meat The New Ring?1605 Words   |  7 PagesCulture†), became a turning point for modern Mexican women writers, who found in it a profound call to self-awareness (Britannica). Based off the short biography, Rosario Castellano’s â€Å"Cooking Lesson† is the perfect postmodern piece of writing to discuss for three reasons. The first being throughout her entire â€Å"Cooking Lesson† she ponders a â€Å"recipe† to debunk stereotypical upper middle class gender roles, like being a â€Å"society matron†, later refuting her claims by sprinkling hints of feminist sarcasmRead MoreColonial New England Women s Rights918 Words   |  4 Pages Colonial New England women did not benefit from autonomy because they did not have the freedom associated. The husbands of colonial women had full control and their wives were dependent on them financially, occupationally, spiritually and even mentally: the women counted on the men for funds to keep the household fulfilled, took on their husbands religious and spiritual views, and also were told the right and wrong things they should be thinking about. In addition to not being independent in waysRead MoreGender Identity As An Unacceptable Act1313 Words   |  6 Pageswas home to witness it. David loved cross dressing and playing kitchen. His father, on the other hand, was a strict ex-military officer. David’s father was a homophobic man who had zero tolerance for ‘g ay’ behavior. David’s father believed that, â€Å"Cooking is a woman’s job, so men do not belong in the kitchen. If a man does things that are meant for a woman, that man is definitely gay!† Such beliefs of what a man can or cannot do restricts the self-expression of the man. Inadvertently, these beliefsRead MoreEssay On Like Water For Chocolate1619 Words   |  7 Pagescapable of a variety of complex and often contrary emotions and characteristics. In the novel, Like Water for Chocolate, the author talks about Tita’s attributes towards her strengths and weaknesses. Tita’s strengths and weaknesses include her love for cooking in the kitchen and her long-lasting love for people. Tita’s weaknesses include her love for the character named Pedro, the true love of her life. Her other weakness includes her poor decision making which makes the people around her suffer includingRead MoreRoles Of Women During The Aztec Society1187 Words   |   5 Pageshouse and its associated courtyard: sweeping, cooking, and weaving (Brumfiel). The cleanliness of a household and the Aztec women was very important. If an Aztec women didn’t know how to clean she was looked down on and didn’t look like a potential wife. Putting food on the table was a primary and spent long hours doing so. Women would spend long hours each day grinding maize and making flour for tortillas (â€Å"Aztec Women†). And when she wasn’t cooking, she would be weaving to put clothes on her familiesRead MoreA Six-Step Writing Process804 Words   |  3 PagesThis step is just like in a paper when you gather the info for the bulk of your paper, such as choosing the topic of the paper. By doing this first step in the writing process as well as the cooking process you prepare yourself a guideline for the remaining content of the paper and dish. The next step of cooking would be to gather the vegetables such as broccoli, carrots and onions. In the writing process this is comparable to the details you collect that support the main piece of the writing. TheRead More Like Water For Chocolate - Movie versus Book Essay1228 Words   |  5 Pagesduring the revolution in Mexico. The romance is followed by the sweet aroma of kitchen secrets and cooking, with a lot of imagination and creativity. The story is that of Tita De La Garza, the youngest of all daughters in Mama Elena’s house. According to the family tradition she is to watch after her mother till the day she does, and therefore cannot marry any men. Tita finds her comfort in cooking, and soon the kitchen becomes her world, affecting every emotion she experiences to the people whoRead MoreLiving on Campus or off Campus932 Words   |  4 Pages　　Nowadays, a number of college students choose to live off campus by renting a house or apartment in a community. There are many their own reasons to justify this choice. However, in spite of the freedom an d comfort gained from living outside the college, most students still prefer to live in dormitories. In my opinion, I believe that the dormitory life is more meaningful and suitable for students who are pursuing higher education. Actually, living on campus or off campus are really difficultRead MoreEssay on Why I admire Benjamin Franklin706 Words   |  3 Pagesbook shows evidence that it was successful for 25 years. Poor Richards Almanack allowed Franklin to retire from business a rich man in 1748. In 1741 Benjamin Franklin invented the Franklin Stove. The stove was handy for both, heating a room or cooking. In 1752 Benjamin Franklin conducted his famous electricity experiment with a kite. In 1757 Franklin returned to England as a Colonial agent for Pennsylvania. Next, in the year of 171 Benjamin began to write his own autobiography. In 1775 as a member

Organizational culture and employee morale - MyAssignmenthelp.com

Question: Discuss about the Organizational culture and employee morale. Answer: Introduction Change generally refers to the process that causes a function or a practice or even a thing to become somewhat different in manner than the present or the past ways. Change is a common term that is used to describe the outcomes or the effects of the transformation or the transition of some function, thing or even methods (Hornstein 2015). Changes form a very important part of the everyday life and forms a part of the natural way of life. In order to manage the concerned business on a successful manner, organizations have to implement various changes at the different points of time during their operations (Burke 2017). Change management generally refers to the disciplines that guides the preparation, equipment and the support that is extended to the individuals to help them to successfully adopt the changes so as to derive the organizational outcomes and successes (Langley et al 2013). The concept of change management refers to the transformations in the concerned business organizatio n that are in compliance with the changing trends of the business environment which might help the concerned business firm to grow as well as achieve the targets that have been set by the concern (Hayes 2014). There have been a number of different models of change management that have been developed by the theorists in order to assist the managerial staff to implement the changes in the concerned organization in an effective manner. In the cases that involve the financial institutions such as banks, the implementation of changes become an added responsibility for the managers and the other leaders pf the organization due to the high amount of the interaction that these organizations have with the general public. Theorists like Bridges, McKinsey, Kotter, Kubler-Ross, Lewin and many such others have put forward certain models that find application in the matters pertaining to the change management till date (Shirey 2013; Worley and Mohrman 2014). The following report focusses its attention on the recurring issues that are faced by theAustralia and New Zealand Banking Group Limited, popularly known as the ANZ Bank and applies the 7S model proposed by McKinsey for the identification of the possible reasons for the same. The report further proceeds to analyze the problems that have arisen within the concern and makes an attempt for providing reasons for the problems with the help of the proposed change management theories. ANZ Bank The Australia and New Zealand Banking Group Limited, popularly known as the ANZ Bank, is one of the five most successful banks that have been operating in the country of Australia. The bank had set its initial steps in the industry almost 170 years ago when it had stemmed from the Bank of Australasia (Anz.com 2018). The Australia and New Zealand Banking Group Limited, popularly known as the ANZ Bank is at present headquartered at Melbourne, Australia. In the current scenario of the financial market, the bank comprises of a staffing pool of almost 35000 employees and has been a publicly listed organization. The organization further bears the position of being one of the most trusted among all banks that operate all over the world. ANZ Bank has secured the rank of 92 on the Forbes list of 2000 as per May 2017 market cap report (Forbes.com 2018). The financial organization aims to serve the huge customer base consisting of about six million people of the population of the world. The number of shareholders of the Australia and New Zealand Banking Group Limited is almost over 376813. The concerned financial organization continues to serve its clients in over 30 different countries all over the world (Anz.com 2018). The services provided by the bank are known to majorly operate over five major divisions that are inclusive of New Zealand, Australia, the Asia-Pacific area, the shared and the institutional services. It might be noted that the concerned financial organization, the Australia and New Zealand Banking Group Limited, popularly known as the ANZ Bank, has been facing a huge number if problems since the inception of the same. The financial institution has gone through a number of changes in the organizational structure and the concerned departments in order to make the necessary improvements in the performance of the bank. Evaluation of the features of Organizational transformation at ANZ Bank. According to De Grauwe (2013) and Mesnard et al. (2016), the major potential threats that are posed to the financial organizations are the low morale of the employees and the bad debts. The company in discussion, Australia and New Zealand Banking Group Limited, popularly known as the ANZ Bank, has been undergoing several issues pertaining to the poor organizational activities, dissatisfaction of the concerned customers, the low morale of the concerned employees and the bad debts that they had been facing until the middle half of the 1990s. The major banks of Australia had faced a situation during the later years of the 1990 decade which had led to a widespread ill-will and mistrust among the customers. The bank had appointed Jon McFarlane as the CEO during the late 1990s following the conditions of poor performance that had been delivered by the concerned bank. There had been occurrences of increment of the fees and the branch closures that had taken place all over the country. This had led the clients of the concerned financial organizations to believe in the fact that the banks were not serving the clients, the employees or the communities in an appropriate manner (Thompson 2013). The then CEO of ANZ Bank, McFarlane had highly criticized the move of the financial organizations that dealt with the closure of the branches of the banks in the rural areas. McFarlane introduced a freeze on the closure of the rural branches of the bank. McFarlane also made an attempt to ensure the addressal of the issues that pertained to the lack of female employees in the senior ranks of the concerned financial organization (Munjuri and Maina 2013). This had helped in the enhancement of the diversity that exists within the organization and has also helped in providing the employees with the much needed motivation. McFarlane had been one of the first among his contemporaries to have taken the concept of corporate social responsibility in a very serious manner. The then CEO of the organization had introduced outsourcing of a number of services that might have led to the severe cost cutting on the part of the bank. The financial organization had taken its preliminary steps towards the transformation in a scenario pertaining to the organizations in the year 2000. There were a number of revelations regarding the discrepancies that were found to be existing among the personal values of the employees of the concerned financial organization and their perceptions regarding the same. The revelations also put forth some of the issues that pertained to the set of values that were put forth as well as practiced by the bank. The recent studies have thrown light on the issues that the financial organization had been facing regarding the finances that the bank had been borrowing in order to provide loans to the concerned clients of the organization (Kwambai and Wandera 2013). The nature of the equity market as well as the provided debt had been very volatile. This had led the concerned clients to put up a curb in the issues related to the expenditure which in turn had led to the erosion of the confidence th at the people needed to place on the banks. According to Ogechukwu (2013), the breach of the ethical code of conduct might pose to be a serious issue within any industry that might be clubbed under the banking industry. The financial institution in discussion, the Australia and New Zealand Banking Group Limited, popularly known as the ANZ Bank, had several commitments towards the responsible practices in the concerned field of business. ANZ Bank had faced an issue in 2008 which forced them to turn these commitments into corporate realities in their sector of business (Graetz et al 2010). The financial institution also faced an issue that dealt with the resignation of the staff, who, according to a report, published internally, had been involved with a broking house which had tasted failure in the operations that it had undertaken. The report stated that the identified employees had breached the security code of the bank by involving themselves with the afore-mentioned broking concer n. He report further stated that the concerned employees did hold accounts in a manner that might be considered to be improper. The future goals that are set by the financial institution in discussion is to bring about a significant growth in the presence of the same majorly in the Asia-Pacific area. The bank also aims the maintenance of the opportunities and the business environment that it holds in the countries of Australia and New Zealand. Challenges faced by the managers in the implementation of the changes. In the case of the Australia and New Zealand Banking Group Limited, popularly known as the ANZ Bank, the change in the structure was necessary due to the issues that the financial organization was facing based on the dissatisfied customers of the concern and the low morale of the existing employees of the bank in the early 1990s. The financial organization appointed John McFarlane as the new CEO of the company in the year 1997 which set the required changes rolling as per the chronology. The company had been overcrowded with unnecessary staff which resulted in the hampering of the organizational management and thus led to the poor performance of the concerned financial institution. This problem that the company had been facing had its roots in the poor organizational structure of the bank. McFarlane, on taking charge of the responsibilities of the bank, implied new strategies that that followed the concurrent trends in the banking industry. The management needed to change the old and worn out strategies followed by the bank that led to the concerned issues being surfaced. John McFarlane had noticed that the daily processes that were followed by the bank were not in compliance with the basic rules of the organization and lacked equality in the participation. The CEO also observed that the financial institution had been ignoring the rural communities that have been contributing to its growth. The financial institutions had lost the faith of their clients due to rise in the bank charges and the closure of a number of branches which led the customers to a vulnerable position. According to the McKinsey model for change management, these problems had resulted from the change in those systems of the financial organization that helped to form the daily processes of the ANZ Bank, the distance from the rural communities was considered to be one of the reasons for the same (Singh 2013). The major challenges that were faced by the company while implementing the changes in the organization refer to those that were faced by the then CEO and his team in the fields of bringing forth an engagement among the employees of the bank on all levels. The CEO had also faced a number of challenges in the fields that aimed at the building of a support for the necessary cultural changes that had been taking place within the financial institution. The financial organization had implemented the changes in both the upper levels of the institution as well as the lower levels. The employees were encouraged to share the issues that they had been facing in their respective fields of work. The financial organization had been spread over a large area of operation which led to difficulties in the implementation of the employee engagement all over the organization. There might have been phases where some employees serving the organization at areas other than the headquarters might have raised issues that led to the lowering of the employee engagement. However, the other employees at the same area acted as advocates of the employers and helped the management to deal with the problems that arose within the organization. The CEO of the organization, John McFarlane has introduced the system of internal surveys of the staff that had been working at the banking organization. The surveys revealed the fact that there had been a significant amount of improvement in the satisfaction of the staff of the organization. These results that were achieved from the changes that were implemented by McFarlane, resulted in the staff of the company to focus more on the issues of the employee engagement as well as advocate the issue on the behalf of their employers. Role of leadership in the influencing, directing and managing the process of change at ANZ The CEO had introduced a number of measures that ensures the affirmative action against the scenario that the bank was facing during the then period of time. McFarlane is considered to be one of the first among his contemporaries to have considered the concepts pertaining to the corporate social responsibility in a serious manner. The CEO also displayed a huge talent for fore-seeing the trends that might get popularized in the industry in the near future. These initiatives that were introduced by the CEO led to the improvement of the perception about the ANZ in the eyes of the general public. The then current CEO of the financial organization, John McFarlane had ensured that the financial organization went through a number of changes within a very short period of time (Messai and Jouini 2013). He hastened the cost-cutting drive which resulted in a huge number of job cuts in several branches of the concerned financial organization. McFarlane helped in the reduction of the risk profile of the branch by stepping down from the investments in the emerging markets. According to the McKinsey 7S change management model, skill is a soft factor that might not be easy to recognize but might often lead to a number of problems. ANZ Bank lacked the skills that were necessary for the addressal of the changing trends that had been taking place in the banking sector (Ravanfar 2015). Thus, as a result the company had to face a number of issues regarding the same. The management body of the concerned financial organization lacked the skills necessary to identify the causes behind the escalations of the problems that they have been facing. John McFarlane had demonstrated exceptional skills in the field of identification of the issues and had immediately initiated the changes that were necessary. The changes that were implemented by the CEO led to the unemployment of those employees who had not been performing in accordance to the needed conditions. The CEO also helped the bank to bail out of the bad investments in the markets that were seen to be rising as d ays passed by which helped in the transformation of the financial status of ANZ Bank. The other factors, as discussed in the McKinseys model of change management, include the staff of the organization, the style and the values that are shared by the organization (Arunchand and Ramanathan 2013). The CEO also addressed the issues pertaining to the employment of the female employees of the company (Yadav and Dabhade 2014). The organization had faced issues right after the resignation of McFarlane from the post of the CEO of the financial institution. The problem that the bank faced resulted from the breach of the moral code of conduct that was set by the bank. This had resulted from the inability portrayed by the then CEO Michael Smith in the matters that pertained to the management of the staff of the organization. Recommendations There have been several areas that need to be attended to in order to avoid the situations that the concerned financial organization had been facing since its conception. The organization had been facing situations where they had been incurring bad debts. These conditions might be avoided by lowering the risk factors that are involved in the overdue payments that have been turning into bad debts. The financial institution must introduce greater control in the areas pertaining to the credit matters. The banks must ensure the conduction of a thorough check of the business houses as well as the referring bodies before granting the credit to the new clients. The credit limit set by the bank should be fair and reasonable and must instruct the concerned employee to communicate with the concerned officials in any condition that involves the client requests for exceeding the credit limit that had been agreed upon previously. One of the most important assets of the financial institutions are its staff members. The management needs to look into the matters that pertain to the motivation of the staff in order to achieve the conditions of low turnover and a high productivity. The financial institutions might help the staff members by providing them with the needed recognition and appreciation for their contributions towards the bank. The financial institution must introduce perks and incentives that would be awarded to the staff in order to boost their morale. The management of the bank must allow flexible schedules for the employees that might be availed under genuine circumstances in order to maintain the high morale of the concerned staff members. The staff of the bank must be allowed to put forth suggestions to the management of the society as well as the concerns that they might be facing while carrying out the duties that have been assigned to them. The financial institutions might also need to pay attention to the issues that might have arisen from the factors pertaining to the dissatisfaction of the concerned clients. The banks should aim to from a deep and realistic understanding of the needs and the wants of the concerned clientele so as to bring about an improvement in the services that are provided by the bank towards the concerned customers. Long-term relationships with the clientele might be developed by introducing comparatively new systems and processes in the operations of the bank. The banks must introduce the greater employment of the female staff in the higher ranks of service in order to maintain the equality of the genders within the organization. The involvement of the female staff in the higher ranks of the organization might also help in the diversification in the behavioral patterns of leadership. The rural population might contribute a lot in the potential client base of the financial institution wherein the ANZ Bank is highly operational. The employees of the organization must refrain from the breach of the ethical codes that need to be maintained in the organization. The concerned organization must help the employees to get well-acquainted with the ethical code that is specifically followed within the organization in discussion, the Australia and New Zealand Banking Group Limited, popularly known as the ANZ Bank. Conclusion Thus, from the above discussion it might be concluded that the application of the McKinseys 7S model of change management had been appropriate for the identification of the problems that had arisen at the ANZ Bank. It may be safely concluded from the organization might face huge problems with any one of the seven major factors functioning in an inappropriate manner. The appointment of a capable CEO had resulted in the recovery of the financial institution from the imminent danger of bankruptcy. The lack of proper management, the improper identification of the core areas hat needed improvement and the absence of the skilled staff in the organization had led to the downfall of the concerned organization. However, a detailed study on the history of ANZ Bank and the current position that it holds in the market might help to provide a deeper insight into the relevant issues for the study. The above report focused mainly on the 7S model of change management as prescribed by McKinsey and th e relevance of the same in the identification of the causes of the problems that the concern might have faced, though some other change theorists had also been mention in the earlier sections of the report. References Anz.com 2018.About us | ANZ. [online] Anz.com. Available at: https://www.anz.com/about-us/ [Accessed 14 Jan. 2018]. Arunchand, C.H. and Ramanathan, H.N., 2013. Organizational culture and employee morale: A public sector enterprise experience.Journal of Strategic Human Resource Management,2(1), p.1. Burke, W.W., 2017.Organization change: Theory and practice. Sage Publications. De Grauwe, P., 2013. The European Central Bank as lender of last resort in the government bond markets.CESifo Economic Studies,59(3), pp.520-535. Forbes.com 2018.Forbes Welcome. [online] Forbes.com. Available at: https://www.forbes.com/companies/anz/ [Accessed 12 Jan. 2018]. Graetz, F., Smith, A., Rimmer, M. and Lawrence, A. 2010.MANAGING ORGANISATIONAL CHANGE. 3rd ed. Melbourne: Wiley, pp.314-325. Hayes, J., 2014.The theory and practice of change management. Palgrave Macmillan. Hornstein, H.A., 2015. The integration of project management and organizational change management is now a necessity.International Journal of Project Management,33(2), pp.291-298. Kwambai, K.D. and Wandera, M., 2013. Effects of credit information sharing on nonperforming loans: the case of Kenya commercial bank Kenya.European Scientific Journal, ESJ,9(13). Langley, A., Smallman, C., Tsoukas, H. and Van de Ven, A.H., 2013. Process studies of change in organization and management: Unveiling temporality, activity, and flow.Academy of Management Journal,56(1), pp.1-13. Mesnard, B., Margerit, A., Power, C. and Magnus, M., 2016. Non-performing loans in the Banking Union: stocktaking and challenges.Briefing EU Commission. Messai, A.S. and Jouini, F., 2013. Micro and macro determinants of non-performing loans.International journal of economics and financial issues,3(4), p.852. Munjuri, M.G. and Maina, R.M., 2013. Workforce diversity management and employee performance in the banking sector in Kenya.DBA Africa Management Review,3(1). Ogechukwu, A.D., 2013. The current ethical challenges in the Nigerian commercial banking sector.Global Journal of Management And Business Research. Ravanfar, M.M., 2015. Analyzing Organizational Structure based on 7s model of McKinsey.Global Journal of Management and Research: A Administration and Management,15(10), pp.6-12. Shirey, M.R., 2013. Lewins theory of planned change as a strategic resource.Journal of Nursing Administration,43(2), pp.69-72. Singh, A., 2013. A study of role of McKinsey's 7S framework in achieving organizational excellence.Organization Development Journal,31(3), p.39. Thompson, H., 2013. UK debt in comparative perspective: The pernicious legacy of financial sector debt.The British Journal of Politics International Relations,15(3), pp.476-492. Worley, C.G. and Mohrman, S.A., 2014. Is change management obsolete?.Organizational Dynamics,43(3), pp.214-224. Yadav, R.K. and Dabhade, N., 2014. Work Life Balance and Job Satisfaction among the Working Women of Banking and Education Sector-A Comparative Study.International Letters of Social and Humanistic Sciences,21, pp.181-201.

Evaluating The Internal Control Process †MyAssignmenthelp.com

Question: Discuss about the Evaluating The Internal Control Process. Answer: Introduction Understanding and evaluating the internal control process of the entity is the responsibility of the auditor to design tests that allow identifying controls, risks and testing the processes established in the company. Testing of controls An audit procedure designed to evaluate the operational effectiveness of controls to prevent, or detect and correct, misrepresentations of material importance at the level of assertion (Ricchiute, 2006). During the process of an audit of financial statements, the auditor should evaluate and design the procedures that respond to significant identified risks of errors in their audit, affecting the audited financial statements as a whole, or an assertion specific. Strengths and weaknesses Strengths The company has very robust internal control mechanisms that safeguard it against internal frauds. Some of the strengths include the following; Orders are received in all manner therefore sales is at 100% recording. Some make sales order via telephone, fax mails and even sales representatives. The sales are then recorded by the data entry clerk and nobody else is supposed to record the sales entries. After recording there is a computer generated check, which checks the orders against the entries. The orders that have met the requirements proceed and the goods are ordered. The orders that dont meet the criteria are recorded on a file for review subject to approval by the credit control clerk (Furnell, 2011). The rejected order is then noted by the credit control clerk and then passed to the supervisors in the department for further review. On picking, the slips are printed in the dispatch office and then it is forwarded. To check on this, physical goods is done on checking slip to see if there is any discrepancies in the system. The last step in the control and checks is to send two copies of the invoice to the customer in wh om he keeps one invoice and the other he sends back for confirmation that he received the order. At the end of the day, the master file is updated for the accounts receivable for comparison at the end of the month. Weaknesses The following are the weaknesses; The staff may collude right from the entry of data point and the order of goods. The computer generated checker may fail and the system has no manual backup system in case of an electronic fail. No checker for the person who is putting in the entries and making orders. Accounts receivable at the end of the day may not vary with the actual balance of the creditors account. In the store, the goods ordered may be changed if they are not labeled well. Implications of the of each weaknesses I'm not sure what to do, but I'm not sure what to expect. I, what more will it give if the collections are recorded as separate stocks or included in the work in progress? If it comes to having a simple and inexpensive system of valuing stocks, it does not matter, does not it? In my judgment it is not the same. One thing is the stock of goods, distributed by different works, store, etc. (Guidance on monitoring internal control systems, 2009), This does not include "unmounted" merchandise. Therefore, they are stocks, but for different concepts. When the company registers "executed work pending invoicing", it would be exclusively for this concept. And against this "provision" (work in progress), it would have to be regularized when the final invoice of executed work was received... And I repeat what was before. this would be normal for weight builders. * If you give him a fish, he will eat that day As a part of these works are already recognized as inventories, it would be necessary to proceed simultaneously, by invoice, to a regularization of the considered stocks, otherwise the income figure would be doubled. It is the adjustment to which I have been referring in this moment. This seat, as a variation of stocks, is apart from that which could correspond to the materials collected and in storage, object of annual inventory. These materials, at the end of the year, are not included in the "works in progress executed pending billing. If you give him a fish, he will eat that day. (Gertz, Guldentops and Strous, n.d.), which is that the builder, when you give the conformity to the invoice, write in it what work corresponds, nothing easier and with that the manager has it perfectly fixed. Collusion of staff in sales will lead to loss of companys resources which is bad for the country. System collapse will also lead to loss of important data that may affect the company. Control risk assessment for Acid sales systems A significant risk is the high probability that a significant identified error will occur and that, if it occurs, would materially affect the financial statements or an assertion. Therefore, in the opinion of the auditor, an adequate response is required in its audit, through the application of specific procedures. In the work done in the audit planning, the auditor identified: Significant transactions and processes that initiate, process and record Business risks that have significant implications in the financial statements Fraud risks The internal controls cover five key components: This component is the basis for the rest of the control components; a weak control environment means that regardless of the proper design of the rest of the components, they cannot be fully trusted. The control environment sets the level of discipline and structure in the company (Guidance on monitoring internal control systems, 2009). In many cases, when we talk about internal controls, perceptions of their meaning are very different, depending on the user, preparer, auditor or management. For some users, internal control refers to conciliation and authorization procedures; for others, it could be fraud-related controls; and for others, be only established policies and procedures in companies. However, in general it can be said that internal controls are the responses of the management of a company or business to mitigate an identified risk factor or achieve a control objective (Friedman, 2011). The objectives of internal controls can be grouped into four categories: Strategic. Financial information. Operations. Compliance with legal provisions and regulations. Although companies need to establish internal controls to mitigate the risks associated with these issues; for the purpose of auditing financial statements, the relevant internal control is related to financial reporting. This article will analyze the evaluation of internal control and its components in the audit of financial statements, taking into account the provisions of the International Standards of Audit (NIA) to expose the purpose, scope and nature of internal control on the financial information, including the five components to be evaluated by the auditor of the financial statements. Conclusion In accordance with ISA 315, Identification and valuation of risks of material misstatement through the knowledge of the entity and its environment, the auditor will obtain knowledge of the internal control relevant to the audit. For this purpose, the auditor should first exclude from internal analysis the internal controls that are aimed at issues not related to financial information, and subsequently identify which of the internal controls related to financial information are relevant, according to their professional judgment, so that based on these make their evaluation (Anthony et al., 2014). The first step for the auditor is to evaluate the design of the control to identify the risks that are sought to mitigate with the control; subsequently, it will be necessary to identify what controls exist to mitigate those risks. Also, in turn, it must determine if they have been implemented through interviews with company personnel and the completion of additional procedures. Sales flow chart From customer placement of order to customer invoice and receipt of the order References Anthony, R., Govindarajan, V., Hartmann, F. and ... [et al.] (2014). Management control systems. London [etc.]: McGraw-Hill Education. Friedman, J. (2011). Sales. New York, N.Y.: Wolters Kluwer Law Business. Furnell, S. (2011). Security Management, Integrity, and Internal Control in Information Systems. New York: Springer. Gertz, M., Guldentops, E. and Strous, L. (n.d.). Integrity, Internal Control and Security in Information Systems. Guidance on monitoring internal control systems. (2009). [New York]. Ricchiute, D. (2006). Auditing. Mason, Ohio: South-Western/Thomson Learning.