Facebook is one of the most famous social networking...

Facebook is one of the most famous social networking services and websites. It launched in February 2004, and it is operated and privately owned by Facebook. As of July 2011, Facebook has more than 800 million active users. People spend a great deal of time sharing private videos and pointless status updates on their profile. We cannot deny the fact that facebook has helped many people learn and stay connected with each other, and has helped to make the world more progressive towards becoming one nation. However, it has countless disadvantages which have touched almost everyone in the world. Many people advise that Facebook and social media should be monitored for several reasons. Facebook contributes to cyber-bullying and other crimes†¦show more content†¦Children who have been cyberbullied are more likely to express depression, anxiety, and low self-esteem, according to Bullying About.Com Website. If social networking and facebook were under surveillance, the number of cyb ercrimes would be reduced accordingly. To stop these problems from getting worse, the government should take action by making new laws to protect children and teenagers from cyberbullying. When it comes to the workplace, facebook and social media have played a negative role in terms of productivity, according Forbes Website. Facebook and social media are used by many employees who are paid to work, not to express opinions and exchange stories. Instead of working, some play facebook games like Farmville. For example, as an employee, I have encountered problems related to facebook and social media. All the employees in our company were free to use social media and networking when they wanted, and due to this freedom work performance was negatively affected. For this reason, our company conducted a survey and investigation regarding work performance, discovering that facebook and other social media were major drains on workers’ output. Because of these results, our company decid ed to monitor and restrict the use of facebook and social media. Therefore, the work performance returned to its previous level respectively. Since that time, the use of facebook and socialShow MoreRelatedThe Effects of Facebook to Study Habits1734 Words   |  7 PagesSchool Department S.Y. 2011 - 2012 THE EFFECTS OF SOCIAL NETWORKING TO THE STUDY HABITS OF 4TH YEAR HIGH SCHOOL STUDENTS A Thesis Presented To: Mrs. Ma. Teresa C. 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Gender Equality And Empowerment Of Women - 1562 Words

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Models and Practices of Corporate Governance

Question: Discuss about the Models and Practices of Corporate Governance. Answer: Introduction Harvey Norman is an Australian furniture, home accessories and bedding company. It is a part of the ASX-listed Harvey Norman Holdings Limited and currently boasts of spreading across Australia, New Zealand, Europe and South-East Asia with 280 stores. The company presents with a spirit of enthusiasm and entrepreneurship, deeply embedded in their organizational culture (Harveynorman.com.au, 2017). This study would cover the factor of corporate governance in organizations and how it can influence the functioning of the organization. In this case, Harvey Norman has been chosen, and the governance assessment would be applied to it for the enhancement of their business practice. Discussion Corporate governance is a broad successive term which, notwithstanding different things, veils the fundamentals, links, methodologies, arrangements and practices whereby mastery inside associations are bore and kept up. The governance virtues of an association are shaped by a variety of factors, both "inside" (e.g. foundation, various levelled game plans) and "outside" (e.g. laws, bearings, bunch wants). A board of boss wait for a basic element in swaying an associations governance circumstance (Companydirectors.com.au, 2017). Harvey Norman strongly believes that the base of its sustainability is directly proportional to its taking responsibility for the environment and society. Their management team takes up the responsibility of their day-to-day business activities, and have separate environmental coordinators who take care of training, water and energy conservation, and waste management. In businesses like Harvey Norman, governance is majorly implemented to make sure the development and innovative advancements of the organization proceeds in a proper way for making the results sustaining and breakthrough (Governanceinstitute.com.au, 2017). Sustaining innovation does not create any new market or any kind of value network. It only develops the current ones by means of better value. In contrast, disruptive innovation introduces new market and value network that are not better, but are less expensive, more convenient and displaces established market leading firms (Christensen Raynor, 2013). However, Harvey Norman lacks innovation in any form. They are far from implementation of retail innovation inside the management ranks. The failure of evolving the customer offerings and the business model challenged the organization, from which even their governance could not help. Harvey Norman demonstrated the ability to bring innovative services, which brought long-term success f or the company. There is a need for risk taking, non-standard solutions from Harvey Normans side to make sure innovation and creativity is promoted. It is the responsibility of the managers to display appropriate entrepreneurship to create change and opportunity in the organization and generate profit for them. In Harvey Norman, the entrepreneurship factor cannot be easily defined. The entrepreneurs of the organization have the opportunity to use innovation for exploiting or creating change and opportunities for making profits. Harvey Norman believes in the physical retail experience and is extremely prejudiced by the tax exclusion on overseas online purchases. They lack the knowledge of the benefits of online-business and fails in doing things as they are supposed to do. Harvey Norman, as a firm, strictly adheres to the traditional closed system of innovation, and not the open innovation approach in which firms get the opportunity to commercialize internal and external ideas by deploying internal and external pathways to the market. Harvey Norman tries to make their employees feel they are important and part of something bigger, as a part of knowledge management. People need to feel that their knowledge would be useful at the firm they are working. In this context, Harvey Norman attempts operating as a learning organization and keep improving with time. They are aiming to stress more on tacit knowledge, as the idea generated from such people would be unique and create a competitive edge for the company (Hislop, 2013). A capable governance structure would have proper consideration towards the: input of individual officials; the efficacy of the board and its execution; the manner in which governance is associated all through the affiliation; the potency of the associations the affiliation supports with its accomplices (Khan, Muttakin Siddiqui, 2013) So likewise, a capable board appraisal or board review would regularly attempt to incorporate expression on a unions governance from each of these alternative standpoints (Asx.com.au, 2017). Back in 2003, Harvey Norman came up on reports as having the lowest score in corporate governance. It is important for them to understand the elements of the same and incorporate the best sustaining practices in their operations. Proper corporate governance in Harvey Norman can modify the interests of the board of boss, organization and accomplices, while moreover giving the structure that sets up the objectives of the association and the systems for fulfilling these goals and surveying execution. Distinctive styles of corporate governance exist to suit the necessities of associations like Harvey Norman (Tricker Tricker, 2015). The unitary board includes managers, for instance, the head of the association and non-authorities who have no prior ties to the association before their game plan. Correspondence streams well among authority individuals since all are aware of corporate information and data (Van den Berghe, 2012). Exactly when an association has an organization board and another supervisory board, it works under dual boards. Under this structure, the shareholders pick the supervisory board which directs the organization board (Ahmed Henry, 2012). Partnership Management A partnership style of corporate governance is depicted by a significantly included board and top organization. A culture of straightforwardness and support is fundamental for the two social affairs to collaborate setting up the association's courses of action, methods, objectives and missions (Hilb, 2012). Diverse corporate governance models have turned out to be progressively investigated and examined as globalization grabs hold in world markets.Some of them are: The Anglo-US model is depicted by share duty regarding, and logically institutional, budgetary masters not related with the organization; a particularly made honest to goodness structure portraying the rights and obligations of three key players, to be particular organization, boss and shareholders; and an also uncomplicated framework for association among shareholder and association and what's more among shareholders in the midst of or outside the AGM (Ungureanu, 2012). The Japanese Model In the Japanese model, governance plans happen as expected in light of two common legal associations: one between shareholders, customers, suppliers, credit managers and delegate unions; the other between chiefs, bosses and shareholders (Chizema Shinozawa, 2012). In the continental structure, the corporate substance is seen as an arranging vehicle between national interest social affairs. Banks frequently accept a large part monetarily and in essential authority for firms. These associations usually have an official board and a supervisory social affair (Piesse, Strange Toonsi, 2012). The cause of Harvey Normans downfall in the context of corporate governance was due to the environmental proposal they put forward, which was both ill-conceived and ill-timed. Institutions seeing themselves as owners and not just investors have been the missing link in governance acts. Standards in Australia The Principles and Recommendations apply to all Australian Stock Exchange (ASX) recorded components, including Harvey Norman, paying little notice to the final report they take, paying little heed to whether they are developed in Australia or elsewhere, and whether they are inside or remotely directed (Asx.com.au, 2017). The standards for good corporate governance in Australian companies, and in this context for Harvey Norman are: A recorded company should set up and uncover the different parts and obligations of its board and organization and how their execution is watched and appraised. A recorded company ought to have a board of a suitable range, piece, capacities and obligation to facilitate it to fulfill its commitments successfully (Okhmatovskiy David, 2012). A recorded company should act morally and reliably. A recorded company should have strict and careful techniques that unreservedly affirm and shield the uprightness of its corporate uncovering. A recorded company should set up a sensible risk organization frame and infrequently appraise the reasonability of that structure (Claessens Yurtoglu, 2013). Consequences The consequences that Harvey Norman can face because of corporate governance failure are: The share price can fall unequivocally, impacting shareholders and all over even the business part in which the association works. The association may finally fail, provoking work adversities and other risky outcomes for the region where it works. In some unusual cases, for instance, government bailouts, natives can be left repaying the costs (Kathy Rao, Tilt Lester, 2012). Corporate governance in Harvey Norman is efficient and formalized directly of ensuring that the board of administrators doesnt settle on essential authority powers occasioned by organization and ownership division to look for after individual interests to the disadvantage of several accomplices (Salvioni Astori, 2015). The overseas market and organizational situation for Harvey Norman is different than their home country Australia. The Australian stores are under a franchised system, whereas overseas stores are trading under the brand name. In New Zealand they dominate with their strong brand position and makes sure that the market shares are regularly captured with the help of appropriate governance. In Ireland, the company is a market leader in major categories. Their strong governance approaches and long-term innovative operations have helped grow their year-on-year sales and product margins. With the help of strong governance they are aiming at improving viability and long-term outlook for their operations in the region. With such brilliant overseas feat, it is expected for the organization to be holding a superior position in their home country. However, that is not the case, as the retailer is fed up the Australian attitudes. There are complaints regarding low cooperation level of the governm ent. They are operating above parity, in turn increasing costs. They have attempted recently to be online, but lack the local support needed to sustain in the market. Conclusion Individual and business ethics underlie each one of the bearings and codification in corporate governance. Law and controls alone can never guarantee sensible practice. Individuals in spots of effect and authority need to need to apply sensible practice and hold quickly to the rules. Laws, bearings, accounting standards and codes are kept on the doubt that they will be taken after. Statutory and authoritative compliances are starting stages for a suitable governance system. The business focus is a certain consistence officer, this is as per the reasoning in a couple of districts for associations to assent or clear up rather than concur, or something terrible may happen, concerning officials' governance of an association. It is the responsibility of Harvey Norman to comply with the standards set by the Australian Government with regards to corporate governance. References Ahmed, K., Henry, D. (2012). Accounting conservatism and voluntary corporate governance mechanisms by Australian firms.Accounting Finance,52(3), 631-662. Asx.com.au. (2017). Corporate Governance Principles and Recommendations. Retrieved 24 April 2017, from https://www.asx.com.au/documents/asx-compliance/cgc-principles-and-recommendations-3rd-edn.pdf Chizema, A., Shinozawa, Y. (2012). The company with committees: Change or continuity in Japanese corporate governance?.Journal of Management Studies,49(1), 77-101. Christensen, C., Raynor, M. (2013).The innovator's solution: Creating and sustaining successful growth. Harvard Business Review Press. Claessens, S., Yurtoglu, B. B. (2013). Corporate governance in emerging markets: A survey.Emerging markets review,15, 1-33. Companydirectors.com.au. (2017). What is corporate governance? - Australian Institute of Company Directors. Retrieved 24 April 2017, from https://www.companydirectors.com.au/director-resource-centre/governance-and-director-issues/corporate-governance Governanceinstitute.com.au. (2017). Governanceinstitute.com.au. Retrieved 24 April 2017, from https://www.governanceinstitute.com.au/ Harveynorman.com.au. (2017). Harvey Norman | Shop Online for Computers, Electrical, Furniture, Bedding, Bathrooms Flooring | Harvey Norman Australia. Retrieved 24 April 2017, from https://www.harveynorman.com.au/ Hilb, M. (2012).New corporate governance: Successful board management tools. Springer Science Business Media. Hislop, D. (2013).Knowledge management in organizations: A critical introduction. Oxford University Press. Kathy Rao, K., Tilt, C. A., Lester, L. H. (2012). Corporate governance and environmental reporting: an Australian study.Corporate Governance: The international journal of business in society,12(2), 143-163. Khan, A., Muttakin, M. B., Siddiqui, J. (2013). Corporate governance and corporate social responsibility disclosures: Evidence from an emerging economy.Journal of business ethics,114(2), 207-223. Okhmatovskiy, I., David, R. J. (2012). Setting your own standards: Internal corporate governance codes as a response to institutional pressure.Organization Science,23(1), 155-176. Piesse, J., Strange, R., Toonsi, F. (2012). Is there a distinctive MENA model of corporate governance?.Journal of Management Governance,16(4), 645-681. Salvioni, D. M., Astori, R. (2015). Sustainable development and global responsibility in corporate governance. Tricker, R. B., Tricker, R. I. (2015).Corporate governance: Principles, policies, and practices. Oxford University Press, USA. Ungureanu, M. (2012). Models and practices of corporate governance worldwide.CES Working Papers, (3a), 625-635. Van den Berghe, L. (2012).International standardisation of good corporate governance: best practices for the board of directors. Springer Science Business Media.

Name Essays (346 words) - Economy, United States,

Name Professor's name Course number Year In the 20th century, globalisation took the World into the enabling of sharing of resources and manpower worldwide. Some countries did not approve but the few that did reap greatly from it. George W. Bush was the current American president, he seized the opportunity for globalisation to increase input in the country and maximise their workforce worldwide. In the 1980's, the US had begun to sell their stocks and buyers were the mainly the Japanese investors, also the European and Middle Eastern nations stepped up and purchased the stocks and bonds. This increased the diversity of the US global market and this increased the number of job opportunities, not only within but even around the world. In fact, it was found that in 2002; approximately 4 million Americans were paid by foreign companies like BMW and Honda which had employed many of Americans to work for them in their respective countries (Zipperle, 89). This was beneficial for the United States in terms of business and market diversity across the Eastern parts of the world. George Bush also eased the trade restrictions that cleared the barring of boundaries in terms of the business sector between the US, Canada and Mexico. This was later approved by the NAFTA (North America Free Trade Agreement). They, therefore, traded with minimal restrictions and the US being in the centre of it, benefited most of all. The democrats opposed this saying it took the good jobs and as led to rising of unions, also they linked globalisation to the increase in the gap between the rich and the poor. Despite all these allegations, the republicans supported this and in 2005, Bush lowered more barriers and was in turn supported by the World Trade Organisation. This has benefited the US greatly over the years and has led to millions of immigrants benefiting from this. Works Cited Mrs Zipperle - V.U. U.S. HIST 140 - Chapter 31 - The Promises and Challenges of Globalization Since 1989