Budgeting and reporting Essay Example | Topics and Well Written Essays - 2000 words

Budgeting and reporting - Essay Example With such dominance in prices and number of consultations it is a disappointment that the firm has lower net income than the competitor. The advisory scheme is underutilized by the clients of the firm. On average they use around 75% of all prepaid consultations, which is not an advantage for the firm. The firm would prefer to have clients use all 100% and pay extra hours with regular fees. However, it has to be balanced with the satisfaction of the clients that might be happy to prepay current levels. Overall the firm looks more inefficient in managing costs compared to the competitor. Appendix 2 also reveals that the competitor attracts more new enquiries and gives more consultations to new clients. This is a sign of strong growth (Chadwick, 1997), combined with the number of complaints it indicates that the competitor is better at attracting and retaining new clients, which might provide substantial future advantage in the business development. The worrying number is the number of successful claims for negligent advice. Each successful claim undermines the reputation of the firm and projects a negative image to prospective and existing clients. It can be a big driver for clients to switch to the competitor in the future as it is a strong indicator of the service quality. The decision of the production director to source cheaper material and to use lower grade labour is reflected in the variance analysis. Material price increased, however, the material usage gace adverse effect due to increased wastage. Overall, the material variance is negative 5100-7500=-2400$, which signals that the benefit of using cheaper material with higher waste is questionable. The same goes for the lower grade labour, which improved labour rate and worsened labour efficiency. It shows that number of hours spent by the lower grade labour is higher than

Organizational Behavior Analysis Proposal for McDonald's Essay

Organizational Behavior Analysis Proposal for McDonald's - Essay Example McDonald is not living up to its stated set of vision and values. The company allegedly uses unethical methods to make increased profits at the expense of customers’ health and social condition of the employees. McDonald has also been criticized for targeting children with their advertisements by exposing them to unhealthy eating habits. This has contributed to the high levels of obesity and other health complications. The company has also been accused of passing their French fries as vegetarian, whereas they add beef broth. The company has failed to provide nutrition information about its food products to the public. The company has also contributed to environmental degradation. An organization named People for the Ethical Treatment of Animals (PETA) has accused the company of using cruel means when slaughtering chicken (Derdak 107). The analysis also involves analyzing organizational factors that have an influence on individual behaviors. The big five personality trait can be used to analyze individuals within the organization. The big five personality traits include extraversion, which refers to a person who is talkative social and assertive. Agreeableness describes a cooperative, trustworthy and accomplished person. Conscientiousness refers to a person who is responsible, orderly, and dependable. Neuroticism describes a person who is anxious and is prone to depression and worries. Openness means a person is imaginative and independent minded. Personality in organization analysis refers to individual and group level performance. A personality trait such as cooperative or deviant behavior and performance affects the overall performance of an organization.