Leadership And Organizational Behavior Unit 4 - 1820 Words

Leadership and Organizational Behavior Unit 4 : Global Code of Ethics Report Nabila Sharifi 1 | P a g e I. OVERVIEW The Global Code of Ethics outlined herein describes how this international organization intends to do business. Because this business is global, working in conjunction with different cultures is of utmost importance. Drafting, implementing, and monitoring the Global Code of Ethics has involved and will continue to include a team from all aspects of the business , including; the Board of Directors, the General Counsel, Human Resources Directors, Managers, and Employee Representatives . Further, as a n international organization, there are implicit and explicit standards of conduct, goals, responsibilities, and†¦show more content†¦b. Discrimination / Equal Employment Opportunity All employees and stakeholders, regardless of gender, creed, race, religion, age, sexual orientation, and disability will be treated fairly and with respect by all fellow employees and stakeholders. Potenti al employees will also be provided equal employment opportunities without any preference to one group over another. Our company values diversity and the insight of each unique employee. Failure to comply will result in disciplinary action, up to, and inclu ding, termination, with the possibility of facing legal recourse . Leadership and Organizational Behavior Unit 4 : Global Code of Ethics Report Nabila Sharifi 2 | P a g e c. Data Protection / Privacy All employees and stakeholders will ensure all company data is protected at all times. Company provided laptops and desktops will, at all times, be accounted for . All confidential files will be submitted electronically and password encrypted. Privacy of company documents is of utmost importance and across the global organization, all employees and stakeholders will follow written and unspoken guidelines for mainta ining the integrity of company related data. Failure to comply will result in disciplinary action, up to, and including, termination, with the possibility of facing legal recourse . d. Harassment and Bullying At no time isShow MoreRelatedorganizational behaviour1261 Words   |  6 Pages Organizational Behavior MG6013 The exploration of the theories, research and practices that allow a better understanding of human behavior in organizations. Topics include motivation and job satisfaction; decision making; group dynamics; work teams; leadership; communication; power, politics and conflict; organization culture, structure and design; impact of technology; management of work stress; organizational change andRead MoreThe Relevance of Organizational Behavior as a Management Perspective: An Evaluation1478 Words   |  6 Pagesï » ¿Organizational Behavior: Managing People Objective The objective of this study is to assume the position as principal of a school and to undertake a critical evaluation of the relevance of organizational behavior as a management perspective. The response will emphasize the importance of interpersonal relations, facilitation of group/teams and leadership in improving organizational performance and reflect the knowledge and understanding of the key theoretical concepts and best practices. Read MoreToxic Leadership And How It Impacts The Organizational Citizenship Behavior And Intent Of Employees955 Words   |  4 Pagesconstructs of toxic leadership behavior and how it impacts the organizational citizenship behavior and intent of employees to leave or stay in the nonprofit organization. Questions that address the objectives: 1. To what extent does toxic leadership exist in Orange County nonprofits? 2. How toxicity manifest itself in a leader, how it affected their employees’ OCB? 3. What are the reasons for employees to remain with a nonprofit organization despite toxic leadership or toxic culture? 4. How employeesRead MoreNursing and The Organizational Culture of Human Resource Management1495 Words   |  6 PagesOrganizational culture can play a very important role in any corporation’s success. As we learn more about how to make a company more successful through effective management of Human Resource, we are learning of the value of people, as a whole, and how they contribute to the success or failure of an organization. That’s even more so true with in healthcare organizations. Nurses play a pivotal role in the health care profession and make up the majority of healthcare workers in a hospital settingRead MoreA Research Study On Toxic Leadership1519 Words   |  7 Pagesdissertation study is an opportunity to explore toxic leadership in nonprofits in Orange County. Also, to examine the impact of toxic leader’s practices on OCB and turnover intention as two variables that can harm nonprofit organizations significantly. Moreover, to determine the influe nce of employee engagement on their organizational citizenship and turnover intention because of the toxic leadership behaviors. The gap in the literature about toxic leadership in nonprofits has inspired me to study this issueRead MoreLearning and Change in Organizations926 Words   |  4 Pagesnew understanding about ourselves and the world around us. Strategic learning is organizational learning that improves the strategic capability of the organization and changes the basic assumptions underlying the stable generation mechanism that structures the strategic behavior design process. Organizations have various levels of knowledge and learn at all levels (Stein Nelson, 2003). The levels of organizational learning interact, making higher order learning such as strategic learning problematicRead MoreOrganizational Excellence And Change At Pepsico850 Words   |  4 Pages5 Unit 3: Assignment 1- PepsiCo Michelle Kinyungu GM504-01 Organizational Excellence and Change June 14,2016 Dr.: Barbara-Leigh Tonelli Introduction Open systems approach is a gave a rise to a general model can guide the diagnosis of entire an organization ( Harrison,2004, p.27) .Open systems are made of several components that will impact an organization during the diagnosis process. The two systems components that is directly association with PepsiCo are organizational processesRead MoreEssay on Unseen Consequences in Organizational Change960 Words   |  4 PagesUnseen Consequences in Organizational Change I currently work for command Zulu, which is a detachment from the headquarters located in Virginia. Zulu employs two officers and four enlisted personnel whose primary job is conducting inspections on all East Coast Trident submarines. The two officers fill the roles of Officer in Charge and Assistant Officer in Charge. The four enlisted personnel are specialists in the areas of security, safety, technical operations, and administrative programsRead MoreAdvance Review On Criminal Justice Essay1242 Words   |  5 Pagesdrug dealers, city of Dallas, Texas office used excessive force settle for $125,000. Kentucky trooper pled guilty for having sex with a person under the age of 16, 4 other trooper dismissed for having relationship with same minor (The Cato Institute). With headline like these from across the country, makes you wonder does organizational culture truly exist in law enforcement in the United States? The answer is yes, it does exist however, when you have individual that live by the â€Å"Code of Silence†Read MoreKey Issues : Who Gets The Project Essay1140 Words   |  5 PagesKey Issues: The presented case, A Manager’s Dilemma: Who Gets the Project, elucidates the importance of combating unfavorable organizational discourse/behaviors, and how it resides heavily with the leadership of managers. In regards to the case Dave Peterson was given temporary responsibility of the CMT unit, and with his newly appointed position, Peterson must decide a project lead for a CD-ROM self-study course. As Peterson has a personal relationship with both Seamus and Olson, the decision process

Ethical Performance Evaluations - 1180 Words

Ethical Performance Evaluations Organizations have a commitment to employees to provide an evaluation based on performance that is being performed the position held. Managers include the aspects of responsibilities, strengths, and weaknesses of performance that are presented on a daily basis by an employee. Managers face moral and ethical issues that require critical decisions to be made. Using ethically responsible management practices and facing social issues during performance evaluations can provide adequate and precise appraisals to employees. Performance Evaluation A performance evaluation is a system designed for a review of an employee’s overall job performance in the position that the employee is performing in. The†¦show more content†¦Critique of employee should be given on the important aspects and examples of each strength and weakness that has occurred during the time before the evaluation. Employees may become defensive if there is no credibility on what is given to the employee in the evaluation. The raise of a salary of an employee usually has a short term impact on motivation, the overall views of the manager has the greatest and long term impact on the employee to further improve the employee. Managers should use the 360 degree evaluation process to provide adequate and excise information to each employee. This process involves using multiple sources. The sources consist of peers, direct reports, supervisors, customers, vendors, and human resources. The evaluation is done by the complete circle of sources. The manage r’s involvements are to design, gather the information, and communicate the evaluation to the employee. Managers using the 360 process will discover strengths, weaknesses, and expectations that were not known. Overall, this process can allow an employee to become accountable for their own development and growth in the organization (Custom Insight, n.d.). Ethical Dilemma An ethical dilemma that may occur is when an outstanding evaluation is given and increase is to be given to the employee for the accomplishments that have happened with the performance of the employee. The dilemma occurs when the employee cannotShow MoreRelatedManagers and Performance Evaluations: Ethical Dilemmas1267 Words   |  5 PagesManagers and Performance Evaluations: Ethical Dilemmas Performance evaluations serve the purpose to enlighten subordinates about what they should be doing better or differently, (Culbert, 2012). However, they can often become problematic and raise serious ethical issues that would threaten the well being of the employee, manager, and company in general. There are several ethical issues which can present themselves in performance reviews which can be even further augmented by social issues goingRead MoreU.s. Food And Drug Administration 20081687 Words   |  7 PagesVà ¤yrynen, T, Engh, ME, Axelsen, S, Falconer, C 2011, Anterior Colporrhaphy versus Transvaginal Mesh for Pelvic-Organ Prolapse , The New England Journal of Medicine, pp. 1826-1836, viewed 13 January 2016, . Bauer, R, Otten, R, Rad, AT 2006, Ethical investing in Australia: Is there a financial penalty? , Pacific-Basin Finance Journal, vol. 14, pp. 33-48. Business dictionary 2016, WebFinance2016, Viewed 6 January 2016, Buycott 2014, Buycott Johnson Johnson s baby shampoo cancer agents 2015Read MoreArmy Alc Phase 1 Essay example805 Words   |  4 PagesApply the Ethical Decision Making Method at Small Unit Level 158-C-123 Conditions: As a leader faced with a situation which requires you to make an ethical decision. Standards: Resolved the situation ethically by appropriately applying the Ethical Decision Making Method FM-1 FM 6-22 AR 600-100. Training and Evaluation Guide Performance Steps: 1. Clearly define the ethical problem. Im sure many people would consider not informing their chain of command of this situation givenRead MoreEvaluation Of A Employee Performance Appraisal909 Words   |  4 Pagesbut one of the most challenging aspects of their job is the employee performance appraisals. Evaluating an employees’ performance, if done right, will be an objective as possible process. However, the naturally subjective aspects of the evaluation process are what pose many ethical dilemmas. This process customarily comprises of giving constructive feedback to an employee so that they are better able to improve their job performance, but many appraisals are based on lies. This theoretically disqualifiesRead MorePerformance Appraisal And Compensation Evaluation1018 Words   |  5 Pagestopic is performance appraisal and compensation. This topic is something that we often deal with where I work and there are huge inconsistencies throughout the department. It is also something that I am very passionate abo ut. Managers have a tendency to evenly distribute compensation, just to keep everyone on the same level. My purpose through this paper is to argue that employees deserve to be judged ethically and consistently . They should be recognized, and encouraged through performance appraisalsRead MoreEthics Case842 Words   |  4 PagesThe issue in this ethics case regards Greg’s decision on reviewing his group mate Natalie’s poor teamwork. This analysis explains how to address the issue from each of the five ethical decision-making approaches. Each approach provides different ethical actions that help lead to a right decision. Even though there are different ways to determine which approach to use in Greg’s dilemma, the best approach to use in this situation is the justice approach. In the ethics case â€Å"Picking Up the Slack†Read MoreThe Ncoer1444 Words   |  6 PagesThe inaccurate and irrelevant NCOER MSG William Armstrong United States Sergeants Major Academy Class 62 Mr. Victor Pedraza November 20, 2011 Abstract The purpose of this paper is to acquaint the readers with an ethical issue with NCOERs that I came across while serving as a First Sergeant. I was appalled to learn that leaders and raters are writing inaccurate and irrelevant NCOERs and making them less effective, because NCOs are not applying themselves. NCOs expect to be evaluated fairlyRead MoreBusiness Report On Kellogg s Company1404 Words   |  6 PagesClass: BAE 3 Word Count: 1190 Table of Contents 1. Executive Summary 1 2. Introduction 2 3. Evaluation of Company in terms of Ethical Performance 2 3.1 Unhealthy Products that Contain Metallic Particles 2 4. Evaluation of Financial Performance 4 4.1 Share Price History Read MoreEthical Implications Of Ethical Issues Essay1147 Words   |  5 PagesEthical issues are becoming very essential and critical topic for examining the organization’s performance. According to Chang, (2011) nowadays, every organization has realized the vitality that ethical functionality gives to a business and need of attention to this emerging responsibility of organizations. 1.1. Growth and Ethics Consumer’s Perspective According to Shaw and Shiu, (2003) the concerns for ethical issues have been well documented in the ethical literature. They showed that thereRead MoreEvaluation Of Evaluation And Performance Measurement907 Words   |  4 Pagesand Hawthorn (2012) second edition, Program Evaluation and Performance Measurement: An Introduction to Practice. Chapter 10 reviews performance measurements systems and how they are used, their effect and accountability. Evaluators and program managers and their connection is reviewed in Chapter 11. Additionally, how this connection is affected by the evaluation purpose and organizational contexts. Chapter 12 deals with the methodology of a good evaluation and points out that there has not been an

Culture Analysis Jamaica. Jamaica - 1394 Words

The country that I chose to conduct a culture analysis on is Jamaica. Jamaica is a third world country located in North America and the 3rd largest island in the Caribbean Sea. There is a 2.5 million population, which equally divided between urban and rural areas. The country runs approximately 146 miles long and varies between 21- 52 miles wide. The climate is tropical and its main tourist attraction is their beautiful beaches. The capital of Jamaica is Kingston, which has a population of more than 645,000. Kingston is the chief port of Jamaica and is along the southeastern coast of the island. It is covered by the â€Å"Blue Mountains†, which is thickly covered which tree ferns. The Blue Mountains experiences an average of 200 inches of rain annually, resulting in topsoil erosion and an abundance of streams. Peasants nurture coffee, usually grown on large plantations, in the valleys of the mountains. It is amongst the most expensive coffees in the world and is exported mainl y to Japan. The official language of Jamaica is English, but those who stay in rural areas speak patois. Patois is a creole dialect with West African, Spanish, and French elements. The language today reflects the history of the country and its interaction with diverse mixture of cultures from many ethnic, and social backgrounds. The local language is a reflection of a history of contact with variety of speakers, but the official language remains to be standard English (Pryce, 1997). However many JamaicansShow MoreRelatedClaude Mckay, a Dialectical Analysis Essay1443 Words   |  6 PagesClaude McKay amp; Dialectical Analysis In Claude McKay’s, â€Å"Old England† and â€Å"Quashie to Buccra† McKay uses dialect as a way to give poems multiple meanings. What may be seen as a simplistic or naà ¯ve poem about Jamaican life may actually be full of double meanings that only a select audience would be able to identify. In his poem’s, McKay ultimately gives Negros who work under white colonists the underlying message of black resistance by revolution. Perhaps what makes this interpretation soRead MoreComparison Between Jamaica and India1742 Words   |  7 PagesRunning head: JAMAICA INDIA: A COMPARISON Jamaica India: A Comparison Abstract The paper provides a comparative analysis of Jamaica and India. Several important aspects of each countrys culture and history are examined. The paper assesses the risk and the advantage of conducting business with countries with histories of imperial rule and civil struggle. After providing a brief, yet comprehensive view of each country, the paper ultimately concludes that any business conducted with any countryRead MoreBuying Solar Powered Lanterns On The Beautiful Tropical Island Nation Of Jamaica1382 Words   |  6 PagesFor the Business Opportunity Analysis Paper, I am trying to sell solar powered lanterns on the beautiful tropical island nation of Jamaica. 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Jamaica Kincaid seems to beRead MoreAnalysis Of The Poem War 1504 Words   |  7 Pagesbridge to a unified nation† (Sheridan 63). In Marley’s 1976 song â€Å"War†, he is addressing the current conflict between the different conflicting political parties in Jamaica and focuses on ways to eliminate any disputes between the different ideologies. This song is also one that truly reflects the political turmoil among races in Jamaica. Until the philosophy which hold one race superior And another Inferior Is finally. And permanently Discredited And abandoned Everywhere is war -Me say war. That untilRead More A Struggling Economy: Jamaica and U.S. Relations Essay4504 Words   |  19 PagesA Struggling Economy: Jamaica and U.S. Relations Introduction: In â€Å"Jamaica : a guide to the people, politics, and culture† Marcel Bayer asserts that almost every country in the Caribbean since colonialism has been affected, in one way or another, by the rule of the United States. According to Bayer, the United States’ influence on the Caribbean has been perpetuated by four American interests: 1) the encouragement of trade, 2) the protection of U.S. investments, 3)the formation of alliancesRead MoreWorld Cultures : North And South America And Europe2266 Words   |  10 PagesNoah Weisman 10 May 2016 World Cultures 1: North and South America and Europe Project 2; Investigating Another Region An Analysis of Jamaica If I would visit anywhere in the world, it would probably be the proud and independent island nation of Jamaica. The island-nation of Jamaica is the third largest island of the â€Å"Greater Antilles,† a collection of larger islands in the Caribbean Sea, which is a specific section of the North Atlantic Ocean of the Western Hemisphere, specifically off the

Expenses To Be Paid For A Certain Period †Myassignmenthelp.Com

Question: Discuss About The Expenses To Be Paid For A Certain Period? Answer: Introducation In other words, it can be said that Budgetary slack is the practice of underestimating revenues or overestimating expenses while preparing a budget. This helps the managers mainly in improving their financial performance (Sallis, 2014). For example, this practice is primarily used in performance appraisals and bonuses which are according to the achievement of these budgeted numbers. Consequence: Employees get a very low incentive for meeting their budgeted goals thus the performance of the organisation falls or is interfered. Companies having stretch goals perform much better as compare to the companies having constant budgetary slack for a number of consecutive years (Kerzner, 2013). Hence, this budgetary slack has a negative consequence on the business. It also affects the profits and competitive position of the company for long term. If the managers of the Nestle who can set expectations very high are allowed input into the budget model, then the chances of budgetary slack to occur is very low. Further, in the cited case of Nestle there is no relation in performance, and bonus plans due to which slack is very less likely to occur (Hill, Jones and Schilling, 2014). In a situation where there is uncertainty about the results to be expected for a period of time the chances of budgetary slack increases. As a result, under such conditions managers while creating budgets become more conservative. If there is no source of reliability, as no historical records for possible results and the budget are created for new product line then also budgetary slack prevails. The organization put a significant level of trust into their management. From CEO to employees, managers contain the full responsibility to ensure that their behaviours and attitude is ethical and have the best of interest of primary as well as secondary stakeholders (Gallani and et al., 2015). Being a manager, it is significant to consider ethical behaviours so as to experience, companys desires for conduct, ensuring right behaviours of subordinates, and to reduce vagueness that mostly arrive while practising ethics. Thus, it vital to consider codes of conduct and ethics, set of regulations and to achieve and maintain records of linked documentation placed for the expectations and framework purposely for ethical behaviour. It is also a responsibility of the manager to certify that those who are responsible for reporting are required to understand these rules. A manager working on ethical behaviour is also duty-bound to set the prospect, and all ethically unsafe practices are disallowed. Any of the members conducting this type act has the duty to report it to an appropriate channel (Douthit and et al., 2016). Managers that continuously make use of Code of Conduct of company or any other same program with the other recognized and expected behaviour offer a base of ethical conduct and belief in their relationship with the stakeholders. Managers have the position in the company to assist the management in accomplishing its strategic goals and objectives. The major thing to consider is the incentive plan is the objective to motivate their team members, and this plays a vital role in the success and growth of the company. There is the existence of a broad range of incentive plans, to assist managers in being focused on activities and drive great opportunities (Daumoser, Sohn and Hirsch, 2016). A mix of incentive plans must be taken by Nestle into account to create a great reward package so it can assist in achievements and retentions. A business entity can make a reduction in budgeting problem in many ways, primarily, it must prevent dependence on budgets as an obstructive and evaluative tool. Next, managers must be provided incentives for attaining their projects on budgets as well as to offer proper and correct projections through adopting Zero based budgeting and by applying these following tools: Pay-for-Performance A knowledgeable management company, APQC made use of researchers in order to identify that paying according to their performance at all levels is the best way in an entity, as this tool is unbiased and by this managers and employees stay motivated and will focus on giving the best performance (Nouri and Kyj, 2014). This model usually includes a paying rate combined with a variable rate which is particularly knotted to the performance of an individual. Best performing managers are normally familiar and amendable to this model; it is because it introduces a precise connection between individuals performance and attainment toward company goals. Stock Options In 2001, more than 30000 diverse options of stocks were used by firms in and around the US. Stock options are formerly an incentive provided especially to a companys best performers. Stock options are generally provided by an employer as an incentive of employee retention (De Baerdemaeker and Bruggeman, 2014). This concept for the stock option is to add value in a specific time period so that employees can be able to sell their stock at proceeds when the designated period of waiting expires. These incentives can inspire and motivate managers to surpass their goals along with the expectation to positively drive the stock value of the company. Recognition Business entities who deeply rely on knowing their achievement of leading managers, often forgot the influences have on impacting performance made by managers. Managers performing at Mid-level might be particularly ignored, as their performance is not visible to upper management (Fullerton, Kennedy and Widener, 2014). Every employee in the management team must be compensated, publicly as well as privately for their performance that goes beyond the expectations. This incentive plan can also include bonus like gifts, certificates, additional vacation days and trophies. Water World is a manufacturing company which is engaged in manufacturing of valves. The company has been manufacturing valve of a particular type since its incorporation. However, now the company has grown the sales to the extent of 50000 valves per month, and they want to expand and manufacture a different variety of valves of water. The present report deals with the issues faced by Water World Company relating to taking a decision regarding a product that whether it should be brought from the market or should proceed for in house production. Management accounting assists in an appropriate manner in applying accounting information for informing themselves in a better manner regarding the decision that they are going to take for the organization (Liu and Kuang, 2014). The same aid them in managing as well as in improving the performance of control function. Water World Company manufactures one kind of water valves till date. However, as the company has achieved major growth, so it wants to manufacture a different kind of water valves. As the workers of the company are not satisfied with their salaries; they kept complaining regarding same and does not perform their operation with efficiency (DRURY, 2013). Marketing manager of the company has expressed bullish prospects towards future, and even finance manager has expressed that the expansion will result in economy of scale and will increase the profitability of products in future. Now, the company wants to ascertain whether it is economical for Water World to buy the product or to manufacture in house. Comparison of both the options (Amount in $) Year 1 2 3 4 5 Sales Quantity 300000 500000 700000 900000 1000000 Direct Wages (per unit) 4 3.60 3.6 3.96 4.356 Total Wages 1200000 1800000 2520000 3564000 4356000 Material Cost 15.4 16.8 18.34 20.034 21.8974 Total Material Cost 4620000 8400000 12838000 18030600 21897400 Power and fuel Cost 2.2 2.42 2.662 2.9282 3.22102 Total Cost 660000 1210000 1863400 2635380 3221020 Indirect Labour (50% of direct labour) 600000 900000 1260000 1782000 2178000 Supervision Salary 55000 60500 66550 73205 80525.5 Total variable cost 7135000 12370500 18547950 26085185 31732946 95871580.5 Machine Cost 500000 Cost in case product is purchased (Amount in $) Year 1 2 3 4 5 Sales Quantity 300000 500000 700000 900000 1000000 Component price from supplier 20 20 22 24.2 26.62 Transportation Cost 2 2.02 2.04 2.06 2.08 Inventory Cost 1 1 1.1 1.21 1.331 Total cost per unit 23 23.02 25.14 27.47 30.031 Total cost 6900000 11510000 17598000 24723000 30031000 90762000 From above analysis, it can be concluded that if the company purchases the product rather than manufacturing the product; it would be more economical for the company. Thus, the company will have to expend less if the IInd option opts, i.e. the product is purchased. Other factors to be considered In a situation where a company wants to make a profit for the long term than it is necessary that efficient management should exist in the company. In the present case of Water World Ltd; the employees are not satisfied with the salaries which have been provided to them and no appropriate management among workers regarding the time they spent on working exist. In these situations, it is impossible to attain predetermined goals. It is necessary that company manager should make efforts to maintain coordination between employees and higher authority (Shields, 2015). Employee motivation is considered to be the constant challenge on the workplace been faced by company. Especially at a workplace where there is no emphasizing of employee satisfaction, and not considering it as a part of a cling and supported business strategy as whole (Liu and Kuang, 2014). On the other hand, they make out their authority in drawing on the best employees have to offer; however, they experience themselves as unsupported, satisfied or familiar on their work to develop motivation further to contributee employees. Regular communication with employees by scheduling staff meeting in order to update them any of the information of company that can influence their work. Feedbacks and reviews of customers, changing of due dates, improvements in commodities, guidance and training and updates on divisions reporting on communicating structures are the significant factors that must be shared with employees (Douthit and et.al. 2016). Communicating and meeting is most significant aspect in any business management. Regular communication with each and every employee is important as it develops more motivation in them, even though a polite good morning can allow the employee to engage with them. Ensuring that the employees are clear about their job, objectives time, efforts and decisions. Organization must pause or stop in those areas which are specially impacted by changes. Further, they should be encouraged for making an efficient effort and should assure that they will be awarded appropriately for the same. In situation where company wants that employees work hard than it is necessary that appropriate award should be rewarded to them in return. By making small changes in organization and payment methods, the company will be able to satisfy employees as well as earn more profits. Conclusion Cited part of study shows that in decision making process it is important for managers to consider financial as well as non-financial factors to ensure its viability and impact on business activities. With this approach sound decisions can be taken by managerial authorities through which better opportunities for growth and high profitability can be attained. Further, human resources is the most crucial asset for business thus managers should be focused to create better work environment for them to keep them motivated so they can contribute for value creation. By considering above description company is required to develop an effective bonus plan for managers by including factors such as Pay-for-Performance, stock options and recognition to motivate them to operate ethically for attaining goals and objectives of business. References Sallis, E., 2014.Total quality management in education. Routledge.' Kerzner, H., 2013.Project management: a systems approach to planning, scheduling, and controlling. John Wiley Sons. Hill, C.W., Jones, G.R. and Schilling, M.A., 2014.Strategic management: theory: an integrated approach. Cengage Learning. Gallani, S., Krishnan, R., Marinich, E.J. and Shields, M.D., 2015. Budgeting, Psychological Contracts, and Budgetary Slack. Douthit, J., Schwartz, S.T., Stevens, D.E. and Young, R.A., 2016. The Effect of Endogenous Contract Selection on Budgetary Slack: An Experimental Examination of Trust, Distrust, and Trustworthiness. Daumoser, C., Sohn, M. and Hirsch, B., 2016. Honesty in Budgeting: A Review of Budgetary Slack. Nouri, H. and Kyj, L., 2014. An Experimental Examination of the Combined Effects of Normative and Instrumental Commitments on Budgetary Slack Creation: Comparing Individuals versus Group Members. InAdvances in Management Accounting(pp. 225-260). Emerald Group Publishing Limited. De Baerdemaeker, J. and Bruggeman, W., 2014. How participation in the strategy development process impacts managers' creation of budgetary slack. InEuropean Accounting Association 37th Annual Congress(p. 168). Fullerton, R.R., Kennedy, F.A. and Widener, S.K., 2014. Lean manufacturing and firm performance: The incremental contribution of lean management accounting practices.Journal of Operations Management,32(7), pp.414-428. Liu, Y. and Kuang, Y., 2014. The Establishment of Management Accounting System in Administrative Institutions.Journal of Accounting and Economics,2, p.003. DRURY, C.M., 2013.Management and cost accounting. Springer. Shields, M.D., 2015. Established management accounting knowledge.Journal of Management Accounting Research,27(1), pp.123-132.