“Budgets are often simultaneously used for the conflicting purposes of planning and performance evaluation.” Introduction A budget is a quantitative statement for a given period, including planned revenues, assets, cash flows, and liabilities (CIMA). Therefore, a budget acts as a projection for the company in that it helps in the coordination of activities. Hence, facilitating business control. Consequently, a budget is a tool that is part of the proper management of an organization, particularly in planning and control. Moreover, budgets help the management in planning and controlling the future operations of an organization budgets also serves as a device which coordinates complex activities of the business. Therefore, it provides a means of communicating financial reports of the company to stakeholders. Budgeting is nothing but the means of identifying, collecting, summarizing, and communicating financial information of the organization. Thus, it involves the future planning of the organization. Budgetary control is the establishment of budgets that relates to the responsibilities of business executives to the required policy and comparison of real budget results in order to secure actions of individuals, as well…

Conflict resolutions Introductions Conflict resolutions are methods used to end disagreements between two people, companies, countries, leaders, or any other individuals who differ in ideologies or they haven’t agreed on something due to their interests.  Disagreements may be devastating if it can’t be resolved in time. Right strategies should be used to solve conflicts so that the peace initiated may serve as an example shortly (Burton, 1990). Peace negotiated should last for a long time, if not forever. Conflicts resolutions is a long process that needs strategies for it to be successful. conflictsn resolutions are ways and strategies of solving a disagreement between parties while peacekeeping is the way of ensuring that there is truce among countries, in communities, or between rival allies or crime groups through the use of military task force and knowledge, policies, or any other security agents involved. Peacekeeping may be applied when the negotiation of conflict resolutions may be going own. The world contributes peacekeeping missions through UN military assets. Egypt has emerged as one of the leading peacekeeping countries through its contributions in military…

Ideological conflicts Ideological conflicts, Politics of social welfare and social movements are the topics that we have discussed in class. Ideological conflict is a war of ideas through the implementation of strategic influence to promote their interests and ideas. Social welfare deals with means to help the less privileged in the society live a better life. This paper seeks to show my understanding of the different topics and how it relates to my personal life and experience. Some personal experiences can relate to what I have studied. One of my personal experiences is the social welfare policy; under this scheme, there are certain benefits that I enjoy; the housing scheme, Medicaid and social security. These are some of the policies that are of great importance as they serve as insurance and reduce one’s economic burden. I also took part in a social movement in my community to fight against the high rate of insecurity in the community and the organized group aimed at creating awareness to the police of the high crime rate in the society. There have been several…

Responding to Conflicts Effectively Assertiveness refers to the ability of an individual to control stress and anger to improve coping skills. By being, a person recognizes that one has to express himself or herself in a dignified way while respecting the rights and beliefs of other people. The result of being assertive is boosting a person’s self-esteem and level of respect among people. There was a time back in high school when we were in a group discussion with friends carrying out an assignment given. The members were active, and each was contributing adequately to the topic under discussion, which was about how racism brings about inequality in society. While I was presenting my points during the exercise, a colleague of mine started being personal and begun throwing abuses and insults without provocation. I was furious and felt like my assertiveness skills were being challenged. The person was an exploder, an individual who throw tantrums that can bring tensions quickly. He was threatening my relaxed behavior, and I felt the need to respond harshly. However, I had to deal with…

What these loyalty payments were controlling incentive conflict. The incentive conflict among HP and Intel is exclusion. In determinations to control the market on chips, Intel presented rebate schemes to four OEMs. In essence, Dell, Lenovo, HP, and NEC acknowledged rebates from Intel on the circumstance of them gaining all or almost all of their necessities for x86 CPUs from Intel. Intel decided payments to one of its retailers, Media-Saturn-Holding (MSH), on the complaint that it only sold processors having Intel’s chips. Intel made disbursements to HP, Acer plus Lenovo on the circumstance that these OEMs suspended, canceled, or limited delivery of products utilizing CPUs from AMD. This action by Intel is unlawful because their opponents would be disbursing an excessive amount of money to arrive in the chip marketplace. If the market turned to be a monopoly market, then they would have complete control. This type of vertical contract is prohibited in the US, consequently violating antitrust laws The advice Intel failed to follow was: If you have imperative power in the marketplace, then you ought to think about…

Conflict Management Conflict Incident In 2018, a video featuring a Los Angeles High School music teacher punching a student emerged. The video shows the student and the student standing before the class and appearing to be arguing. According to the testimony given to the KTLA News by some students who were present during the incident, the teacher, identified as Marston Riley, had asked the student to leave the classroom since he was not wearing a proper uniform. The student, who was not pleased with the order, responded by repeatedly saying a racial slur towards the teacher, who happens to be Black (Merrett, 2018). It is reported that Mr. Riley initially stood quietly and tried his best to ignore the provocation from the student. However, he is reported to have been angered when the student threw a basketball at him. Indeed, in a video posted by CBS Los Angeles, the student can be seen arguing with the teacher before throwing what appears to be a ball at him in a rage (CBS Los Angeles, 2018). It is at this point that…

business culture practice of mergers and acquisitions Negotiation and Conflict Resolution in Mergers and Acquisitions The business practice of mergers and acquisitions faces challenges that occur during negotiations. Such problems exist when engagements between stakeholders of two or more organizations seek to propel their interests in a proposed partnership. Some of the conflicts affecting mergers and acquisitions are related to culture, especially if the two entities combining are from different backgrounds. Such disagreements might affect managers who experience the challenge of convincing employees to embrace the new order. Workers who do not understand the importance of the merger are highly likely to rebel, thus the need for managing conflicts arising from organizational changes. The film “Gung Ho” exhibits significant cases of a cultural dilemma when American employees are forced to work under new conditions set by the Japanese leadership. The culture clash rises to such extreme levels that employees down their tools, eventually threatening the company’s well-being and the continuity of the city at large. Cultural dimensions influence the success of mergers and acquisitions by affecting the attitudes of both…

How Healthy Conflict in Workplace Can Leads to Business Growth article review Introduction of the article The title of the article is “How Healthy Conflict in Workplace Can Leads to Business Growth.” It was written by Karina Fabian. The article touches on the causes of conflicts and its impact and finally how it can be dealt with. Publishing of the article The original publication of the article was from the same author, Karina Fabian. The original article addressed the issue of conflict and how it affects organizational performance. From the way I found the article providing clear reasons about this issue, and then the article is of enough credibility. Understanding the author She hasn’t proved to be a politician but she has much educational experience. She has researched widely on business and its environment hence she has provided the above article. Author’s thesis She argues that positive conflict is vital to an organization because it acts as a tool of stimulating the efforts of all other workers. The article audience The audience is the investors and business owners. The reason…

Managing team conflicts Introduction Camelo posits that conflict management is the process of limiting the negative aspects of conflict while increasing the positive aspects of the conflict. It is the role of the management to oversee the operations in any organization. They are responsible for maintaining order and discipline among employees in an organization. There is however conflicts that arise among subordinates that even the management cannot solve them. It is crucial to have employees that follow the rules and regulations set by the company to keep up peace and harmony (Cruz, 2015). This will enhance the efforts towards goal achievement and growth in general. The management should be wise in resolving conflicts so that they can restore harmony and still able to keep up the teamwork. The case given is of a multinational project organization that has ventured into three different continents with totally different time zones. Getting the team on the same page has proved a challenge for the project manager. The team also faces a challenge of long distances, the three teams are far apart and are…

Biblical Perspectives of Conflict Biblical Foundation of Conflict Management Assigned Work: Reading/Forum Assignment: 15% of Final Grade (10% for your response and 5% for peer responses)  Read Professor’s Notes for this section. Take the Thomas/Kilman Conflict Instrument uploaded in MyCourses Then read Ken Sande’s short book entitled Resolving Everyday Conflict and write about a 1000-word response to these questions: What were your 5 biggest takeaways from the book? How should leaders respond to conflict using Sande’s Four G framework? What were your Thomas/Kilman results and what did you learn about yourself from taking this instrument?[unique_solution] What is your own Biblical response to conflict? How will you personally look at leadership and conflict differently after reading the book and taking the instrument? What 3 questions do you still have about this week’s materials that your classmates can interact with in the Forum? Forum Response: Post your response in the Forum and interact with at least 3 of your peers about their posts. I am looking for a depth of critical thinking in your original post and a strong interaction between you and your peers to…