Leader ship Assignment Example | Topics and Well Written Essays - 1500 words

Leader ship - Assignment Example In Robins & Judge (2010) for proper discharge of companies’ services to their clients, the management should focus on excellence of their products, ensure their clients are contented with their products and give their employees inducement in order to maximize their productivity. Leadership Theory In any business environment the management should ensure proper coordination of activities right from the organization to the clients. For the management to achieve this level of operation, they should ensure they are focused and be able to control other activities of the organization. According to management theory the leaders of any organization have a task to ensure that all other components in the organization are well coordinated (Robins & Judge, 2010, p.567). On the other hand, relationship theory requires the organization leaders to give their workers stimulus in order to ensure proper coordination of activities within the organization. The managers should ensure that workers a re aware of the organizations objectives in order to pursue them. They should also ensure that all appropriate resources are available for the worker in order to promote efficiency in the organization. ... This streamlines communication within the organization hence enabling the company’s management to effectively make their objectives known to the employees and work with a common interest of achieving the set goals. This will also simplify the problem of delegating tasks to the workers. The management practicing this theory in their organization will be interested with the collective prosperity of the individual’s advancement. Motivation Giving incentives to both workers and consumers plays a magic in the performance of the organization (Gorman, 2004, p.57). The management can give their employees incentives of various forms such as increasing their salaries, offering them an opportunity to advance their careers, or just appreciating them for their good work in the presence of other workers. This enables the workers to identify with the organization and feel encouraged to work and achieve management objectives. Organizational leaders should also encourage the employees b y giving them challenging tasks in the organization and avoid public condemnation even when they have gone wrong. The management should also establish training programs in order to assist the workers to upgrade their skills (Gorman, 2004). This enables the workers to increase their efficiency and confidence of performing their duties hence increasing their output in the organization. The workers will be able to interact with their clients freely and offer them excellent services. Providing products and services to the consumers is of paramount importance to the organization because it will help to create consumer trust on company and their products. When worker provide exemplary services to the customers, the

Auditing Essay Example | Topics and Well Written Essays - 1750 words

Auditing - Essay Example However, globalisation is also associated with different business and financial risks. Globalisation can have varied effects on different economies in the world. Various forces like investors, borrowers, financial institutions, etc. are having an impounding effect on increased levels of financial globalisation (Schmukler, Zoido & Halac, n.d., p.1). With globalisation and associated risks, accounting and auditing procedures are also encountering significant changes worldwide. In this report the effects of globalisation on auditing mechanisms and various developments of auditing procedures have been studied. Globalisation Globalisation can be defined as the process of increasing association of the markets worldwide and the interdependence between the business processes followed by different organisations all over the world. Recent years have encountered a rapid increase in such phenomenon. Globalisation describes the spread and interconnectivities of new advanced technologies, communic ation systems and production all over the world (Smith & Doyle, 2002). The two important driving factors towards globalisation are: a) Advancements in infrastructure of telecommunications and b) the increasing use and advancement of internet. The economies of the world are getting connected and resulting in increased opportunities for business concerns as well as rising competitions amongst themselves. There is a development of sharing of international cultures as well. The expansion of trade worldwide and globalisation have brought about significant benefits for different economies all over the world. However the recent Global Financial Crisis has somewhat put a hold on the globalisation process (International Monetary Fund, n.d.). Various benefits to citizens of a country as a result of globalisation includes admittance to increased varieties of products and services at lower costs, increased number of job opportunities, higher standard of living, etc (International Monetary Fund, February 2008). Effects of Globalisation on Accounting and Auditing The number of business organisations operating globally is vast and it is increasing at an increasing rate. This puts emphasis on the development of accounting language which is common to all the countries in the world. Globalisation has brought about significant changes in the accounting and auditing procedures all over the world. There had been profound changes in reporting standards of financial statements of organisations as a result of globalisation. This is quite evident from instances like the convergence agreement that has been signed between International Accounting Standards Board (IASB) and Financial Accounting Standards Board (FASB) in the year 2002 and the adoption of International Accounting Standards (IAS) or International Financial Reporting Standards (IFRS) by the European Union (EU) in the year 2005 (Ding, Jeanjean & Stolowy, 2008, p.145). Globalisation is having a significant effect on the accoun ting profession itself. With the advancement of information technology and internet web based financial reporting systems are becoming more common and also mandatory for most of the business concerns. The accounting models used by different business organisations have changed. Globalisation has also brought about changes regarding the systems of communicating financial