¶ … Beacon College, as a small institution, has encountered problems regarding its overall governance standards and accounting oversight. The empirical facts suggest that the entire organization did not have a culture of challenge and innovation. This seems at odds with the overall mandate of the college however. As a liberal arts college, it is by definition innovative and challenging. However, the empirical facts suggest that management was satisfied with the status quo. In any organization, one individual should not have all the information pertaining to a critical subject. This creates information asymmetry where the individual can use their informational knowledge to direct action from others who do not have access to the information. This appears to be an early problem of Beacon College. The CFO did not divulge information in a transparent manner and as a result, the overall financial performance of the organization suffered. Management was unable to make critical decisions regarding the future of the college. Department leaders did not have complete control of their expenses. As a result the overall viability of the college as a going concern was threatened. The financial results suggest that the organization was spending money in a wasteful and inefficient fashion. This may have contributed to the overall lack of desire for change within the college. Management and department heads were engaged in wasteful spending that was not being properly checked. Due to this lack of oversight, the department heads continued to spend money for the benefit of their own departments, at the expense of the college as a whole. Although not explicitly stated in the case, it is entirely possible that management used money...
The empirical facts suggest this. Chart 1 below indicates the overall budgeting surplus before and after the financial change. Notice the dramatic increase in surplus once management was aware that they were being watched and monitored. The college not only lowered its wasteful spending but it also generated an addition surplus to be used for other, more profitable endeavors. The mere fact that knowing management was now evaluating expenditures ultimately helped improve the overall financial position of the college.
nation known the world over for its wealth of upper echelon universities, including Harvard, Yale, Princeton and Stanford, the crucial backbone of America's educational structure is actually the diverse patchwork of state operated community colleges which provide inexpensive educational programs to the general public. According to the National Council of Higher Education, "community colleges serve close to half of the undergraduate students in the United States, which included more
Developing Countries Adopting (sar) Challenges Facing Developing Countries Adopting International Convention Maritime Search Rescue (SAR) The growth observed in developing nations has led to maritime traffic in the entire region. In addition, the increase in maritime activities has led to more threats of emergencies at the seas. For the region to enhance security and safety, developing countries had to adopt a legal and binding agreement on working together in maritime search
Religion the Church of Scientology The first pre-publication excerpt, entitled "Dianetics, A New Science of The Mind," from a new speculative non-fiction work by L. Ron Hubbard appeared in the May 1950 issue of the pulp magazine Astounding Science Fiction. It was prefaced by a note from the magazine's editor stating "I want to assure every reader, most positively and unequivocally, that this article is not a hoax, joke, or anything
As Austin suggests, "We need to do a better job of teaching our children how to live, and we need to start right now. First of all, that means that we've got to make home ec education a priority on the college level," (p. 5). I could not disagree. What Austin is arguing for is a deep societal change, one that erases from our lives the horror of fast food
Banking Regulation Captain -- You Do See That Blinking Light, Don't You? An apocryphal story about an unnamed navy captain goes like this. The ship in question is sailing at a not insignificant clip on a very overcast night close to shore in preparation for docking. A number of sailors who are above deck see a blinking light in the distance that clearly -- to them -- appears to be a lighthouse.
UK Mental Health Policy Mental healthcare service delivery in the UK has been subjected to a series of significant imperative policy in the last few decades, and number of people suffering from mental illness is on the increase. Recent statistics reveal that one out of four people in the UK has been diagnosed of mental problem. (Mental Health Foundation, 2013, Singleton, Bumpstead, O'Brien et al. Meltzer 2001). Although, mental disorders are
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now