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I will pay for the following essay Individual public managers. The essay is to be 6 pages with three to five sources, with in-text citations and a reference page.

The public administration through the human resource function must be able to develop a strategic plan that will ensure that it achieves its organizational goals and objectives. A strategic plan must be competitive because the main function other than meeting customer demands and making a profit is the achievement of competitive advantage of an organization.

Additionally, a competitive strategy developed by the human resource function for an organization must be able to generate significant returns on investment (ROI), applies cost-effective technologies, and renders services that are of value. Strategic planning allows a public administrative body to withstand the challenges influenced by change. Strategic planning provides a clear purpose and a sense of direction for an organization as change tends to be a constant factor in every business. In most cases, organizations that do not plan and anticipate challenges always attract failure might also fail because a plan put in place was not properly implemented. The challenge mostly lies in the implementation of a strategy rather in the development of the same as argued by many public managers and company CEOs. In this case, strategic human resources management includes the aspects of recruiting, hiring, training, promotion, evaluation, and compensation of employees in line with the ethical requirements. The plan developed below uses diversity management because this application recognizes and values the fact that people are diverse and applies them to achieve organizational outcomes. Diversity management is an effective application when it comes to managing people within an organization because it puts in mind the strengths, attributes of a workforce for the good of an organization.

In this step, the inclusion of all employees is essential in this part of developing the plan because they can be helpful in providing insights into the challenges and obstacles they

 

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Create a 12 page essay paper that discusses What lessons can policymakers draw from our economic past.

Revolution in the late 1970’s, the fiscal crisis that was precipitated as a result of drastically decreased fuel supplies, would likely not have occurred either. Further, the most recent financial collapse of 2007/2008 could have at least partially been prevented was largely the result of incorrect levels of regulations employed to ensure correct levels of debt to equity within the banking systems existed around the globe. As a function of analyzing these three crises and drawing useful inference with respect to how experts and policymakers can engage these lessons to ameliorate such threats, it is the hope of this student that this discussion will be useful with regard to providing useful inference and applicable best practices that can facilitate future decisions.

without question, one of the most impactful economic disasters that has taken place during the course of human history is that of the Great Depression. At the conclusion of the First World War, individuals around the globe began to see a glimmer of hope (Mitchner & Mason, 2013). Seeking to rebuild their lives, engaged in commerce and business, and establish something of a new world order, business rapidly expanded and a renewed level of optimism helped to create and overinflated stock market. Although many individuals, wrongly symptoms that the stock market crash of 1929, also referred to as Black Friday, was responsible for ushering in the Great Depression, it was only one aspect of the that contribute to economic hardships and difficulties that were exhibited over the next decade (Alumnia et al., 2010).

Shortly after the stock market collapse, individuals began to realize that the sheer magnitude of money that was lost equated to nearly $40 billion in 1929 money. As a result of this, a desire to lay hands on material resources and resist any further drops in value or loss to financial instruments created a run on the banks (Andrews, 2013). Due to the fact that banks did not have a requirement

 

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Article

Quasar Communications, Inc. (QCI), is a thirty-year-old, $350 million division of Communication Systems international, the world’s largest communications company. QCI employs about 340 people of which more than 200 are engineers. Ever since the company was founded thirty years ago, engineers have held every major position within the company, including president and vice president. The vice president for accounting and finance, for example, has an electrical engineering degree from Purdue and a master’s degree in business administration from Harvard.

QCI, up until 1996, was a traditional organization where everything flowed up and down. In 1996, QCI hired a major consulting company to come in and train all of their personnel in project management. Because of the reluctance of the line managers to accept formalized project management, QCI adopted an informal, fragmented project management structure where the project managers had lots of responsibility but very little authority. The line managers were still running the show.

In 1999, QCI had grown to a point where the majority of their business base revolved around twelve large customers and thirty to forty small customers. The time had come to make a separate line organization for project managers where each individual could be shown a career path in the company and the company could benefit by creating a body of planners and managers dedicated to the completion of a project The project management group was headed up by a vice president and included the following full-time personnel:

• Four individuals to handle the twelve large customers

• Five individuals for the thirty to forty small customer

• Three individuals for R&D projects

• One individual for capital equipment projects

The nine customer project managers were expected to handle two to three projects at one time If necessary. Because the customer requests usually did not come in at the same time, it was anticipated that each project manager would handle only one project at a time. The R&D and capital equipment project managers were expected to handle several projects at once.

In addition to the above personnel, the company also maintained a staff of four product managers who controlled the profitable off-the-shelf product lines. The product managers reported to the vice president of marketing and sales.

In October 1999, the vice president for project management decided to take a more active role in the problems that project managers were having and held counseling sessions for each project manager. The following major problem areas were discovered.

R&D PROJECT MANAGEMENT

Project manager: “My biggest problem is working with these diverse groups that aren’t sure what they want. My job is to develop new products that can be introduced into the marketplace. I have to work with engineering, marketing, product management, manufacturing, quality assurance, finance, and accounting. Everyone wants a detailed schedule and product cost breakdown. How can I do that when we aren’t even sure what the end-item will look like or what material are needed? Last month I prepared a detailed schedule for the development of a new product, assuming that everything would go according to the plan. I worked with the R&D engineering group to establish what we considered to be a realistic milestone. Marketing pushed the milestone to the left because they wanted the product to be introduced into the marketplace earlier. Manufacturing then pushed the milestone to the right, claiming that they would need more time to verify the engineering specifications. Finance and accounting then pushed the milestone to the left asserting that management wanted a quicker return on investment. Now, how can I make all of the groups happy?”

Vice president: “Whom do you have the biggest problems with?”

Project manager: “That’s easy – marketing! Every week marketing gets a copy of the project status report and decides whether to cancel the project. Several times marketing has canceled projects without even discussing it with me, and I’m supposed to be the project leader.”

Vice president: “Marketing is in the best position to cancel the project because they have the inside information on the profitability, risk, return on investment, and competitive environment.

Project manager: “The situation that we’re in now makes it impossible for the project manager to be dedicated to a project where he does not have all of the information at hand. Perhaps we should either have the R&D project managers report to someone in marketing or have the marketing group provide additional information to the project managers.”

SMALL CUSTOMER PROJECT MANAGEMENT

Project manager: “I find it virtually impossible to be dedicated to and effectively manage three projects that have priorities that are not reasonably close. My low-priority customer always suffers. And even if I try to give all of my customers equal status, I do not know how to organize myself and have effective time management on several projects.”

Project manager: “Why is it that the big projects carry all of the weight and the smaller ones suffer?”

Project manager: “Several of my projects are so small that they stay in one functional department. When that happens, the line manager feels that he is the true project manager operating in a vertical environment. On one of my projects I found that a line manager had promised the customer that additional tests would be run. This additional testing was not priced out as part of the original statement of work. On another project the line manager made certain remarks about the technical requirements of the project. The customer assumed that the line manager’s remarks reflected company policy. Our line managers don’t realize that only the project manager can make commitments (on resources) to the customer as well as on company policy. I know this can happen on large projects as well, but it is more pronounced on small projects.”

LARGE CUSTOMER PROJECT MANAGEMENT

Project manager: “Those of us who manage the large projects are also marketing personnel, and occasionally, we are the ones who bring in the work. Yet, everyone appears to be our superior. Marketing always looks down on us, and when we bring in a large contract, marketing just looks down on us as if we’re riding their coattails or as if we were just lucky. The engineering group outranks us because all managers and executives are promoted from there. Those guys never live up to commitments. Last month I sent an inflammatory memo to a line manager because of his poor response to my requests. Now, I get no support at all from him. This doesn’t happen all of the time, but when it does, it’s frustrating.”

Project manager: “On large projects how do we, the project managers, know when the project is in trouble? How do we decide when the project will fail? Some of our large projects are total disasters and should fail, but management comes to the rescue and pulls the best resources off of the food projects to cure the ailing projects. We then end up with six marginal projects and one partial catastrophe as opposed to six excellent projects and one failure. Why don’t we just let the bad projects fail?’

Vice president: “We have to keep up our image for our customers. In most other companies, performance is sacrificed in order to meet time and cost. Here at QCI, with our professional integrity at stake, our engineers are willing to sacrifice time and cost in order to meet specifications. Several of our customers come to us because of this. Last year we had a project where at the scheduled project termination date, engineering was able to satisfy only 75 percent of the customer’s performance specifications. The project manager showed the results to the customer, and the customer decided to change his specification requirements to agree with the product that we designed. Our engineering people thought that this was a “slap in the face” and refused to sign off the engineering drawings. The problem went all the way up to the president for resolution. The final result was that the customer would give us an additional few months if we would spend our own money to try to meet the original specification. It cost us a bundle, but we did it because our integrity and professional reputation were at stake.”

CAPITAL EQUIPMENT PROJECT MANAGEMENT

Project manager: “My biggest complaint is with this new priority scheduling computer package we’re supposedly considering to install. The way I understand it, the computer program will establish priorities for all of the projects in-house, based on the feasibility study, cost-benefit analysis, and return on investment. Somehow I feel as though my projects will always be the lowest priority, and I’ll never be able to get sufficient functional resources.”

Project manager: “Every time I lay out a reasonable schedule for one of our capital equipment projects, a problem occurs in the manufacturing area and the functional employees are always pulled off of my project to assist manufacturing. And now I have to explain to everyone why I’m behind schedule. Why I am always the one to suffer?”

The vice president carefully weighed the remarks of his project managers. Now came the difficult part. What, if anything, could the vice president do to amend the situation given the current organizational environment?

With Regard to the Quasar Communications Inc Case Study:

1.1 Discuss the problems and their underlying causes.

1.2 Recommend what should be done to solve the problems, prioritizing the steps to be taken in

your approach. Be systematic and motivate your assertions.

 

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1.A client company has not paid its 2004 audit fees. According to the AICPA Code of Professional Conduct, for the auditor to be considered independent with respect to the 2005 audit, the 2004 audit fees must be paid before thea.2004 report is issued.b.2005 fieldwork is started.c.2005 report is issued.d.2006 fieldwork is started.2.Inclusion of which of the following in a promotional brochure published by a public accounting firm would be most likely to result in a violation of the AICPA rules of conduct?a.Reprints of newspaper articles that praise the firm’s expertise.b.Services offered and fees for such services, including hourly rates and fixed fees.c.Educational and professional attainments of partners.d.Testimonials and endorsements.3.In which of the following instances would the independence of the CPA not be considered to be impaired? The CPA has been retained as the auditor of a brokerage firma.Which owes the CPA audit fees for more than one year.b.In which the CPA has a large active margin account.c.In which the CPA’s brother is the controller.d.Which owes the CPA audit fees for services in the current year and has just filed a petition for bankruptcy.4.According to the AICPA rules of conduct, the auditor’s responsibility to the profession is defined bya.The AICPA Code of Professional Conduct.b.Federal laws governing licensed professionals who are involved in interstate commerce.c.Statements on Auditing Standards.d.The Bylaws of the AICPA.5.Which of the following fee arrangements is in violation of the AICPA Code of Professional Conduct?a.A fee based on whether the CPA’s report on the client’s financial statements results in the approval of a bank loan.b.A fee based on the outcome of a bankruptcy proceeding.c.A fee based on the nature of the service rendered and the CPA’s particular expertise instead of the actual time spent on the engagement.d.A fee based on the fee charged by the prior auditor.6.Which of the following is required for a firm’s letterhead to include “Member of the American Institute of Certified Public Accountants?”a.At least one of the partners must be a member.b.The partners whose names appear in the firm name must be members.c.All partners must be members.d.The firm must be a dues paying member.7.The management of a client company believes that the statement of cash flow is not a useful document and refuses to include one in the annual report to stockholders. As a result, the auditor’s opinion should bea.Qualified due to inadequate disclosure.b.Qualified due to a scope limitation.c.Adverse.d.Unqualified.8.If the auditor believes there is minimal likelihood that resolution of an uncertainty will have a material effect on the financial statements, the auditor would issue a(n)a.Qualified opinion.b.Adverse opinion.c.Unqualified opinion.d.Disclaimer of opinion.9.The Sarbanes-Oxley Act requires the CEO and CFO to certify thata.They have evaluated the effectiveness of internal control.b.They have evaluated the monthly financial statements.c.They have communicated with the Audit Committee regarding the annual financial statements.d.There is no fraud in the financial statements.10.Which of the following constitutes fraud?a.Mistakes in the application of accounting principles.b.Clerical mistakes in the accounting data underlying the financial statements.c.Misappropriation of assets.d.Misinterpretations of facts that existed when the financial statements were prepared.11.Richard, CPA, performs accounting services for Norton Corporation. Norton wishes to offer shares to the public and asks Richard to audit the financial statements. Richard refers Norton to Cruz, CPA, who is more competent in the area of registration statements. Cruz performs the audit of Norton’s financial statements and subsequently thanks Richard for the referral by giving Richard a portion of the audit fee. Richard accepts the fee. Who, if anyone, has violated professional ethics?a.Only Richard.b.Both Richard and Cruz.c.Only Cruz.d.Neither Richard nor Cruz.12.Inclusion of which of the following statements in a CPA’s advertisement is not acceptable under the AICPA Code of Professional Conduct?a.Paula FallCertified Public AccountantFluency in Spanish and Frenchb.Paula FallCertified Public AccountantTax Specialistc.Paula FallCertified Public AccountantFree Consultationd.Paula FallCertified Public AccountantEndorsed by the AICPA13. Joint-and-several liability is a.The ability of the defendant to recover all damages from the auditor alone, even though the opinion only contributed partially to the loss.b.Liability under both common and statutory law.c.Liability under both the Securities Acts of 1933 and 1934.d.The ability of the defendant to recover the auditor’s proportionate share of the loss.Problems (Questions #14-20):14.Based upon the information given, determine which type of audit report will be issued for each of the following companies:a) Company A – a highly material “Departure from GAAP”b) Company B – a highly material “Lack of Independence”c) Company C – a material “Scope Limitation”d) Company D – a material “Opinion based partly on another auditor’s work”e) Company E – a material “Going Concern”f) Company F – an immaterial “Inconsistency that Management Can Justify”15.An auditor accepts a gift item worth several hundred dollars from a client. Has the appearance of independence of that CPA, or that CPA’s firm, been impaired?16.Many finance professionals feel that the U.S. Foreign Corrupt Practices Act places U.S. companies at a disadvantage in competing in foreign countries. Why do they think so?17.What is the economic value of a financial statement audit?18.You are an experienced auditor. During a routine financial statement audit, you discover that one of your fellow auditors has started to date (become romantically involved with) the head of the client’s accounting department. How would you handle this situation?19.Please identify at least five (5) weaknesses in the following scenario:An agent for a large insurance company has a small office in a rural town. There are only two employees in the office: the agent and his secretary.The agent spends all of his time in meeting with customers and selling insurance products to them. The secretary processes all of the paperwork connected with the insurance policies, including processing the collection of premiums and the paying out of claims.The agent feels that he is a “big man” and that his time is very valuable, and that he should not bother himself with “clerical work,” so he does not supervise the secretary’s work, nor does he look at the accounting records, cash documents or bank statements. Besides, he trusts the secretary as she is very hard-working; in fact, she has never missed a day of work in five years and does not even take her annual leave.The agent works for a large insurance company; however, because the number of policies and customers handled by the office is relatively small, the insurance company’s internal audit office has not bothered to audit the office’s records/cash for several years; the external auditors have also never visited the office.20.The article “Woman Sentenced To 33-Month Term” appeared in the Hartford Courant on Friday, April 30, 2010 and may be found on the next page at the end of this exam. Please read this article and answer the following questions:a. In order for fraud to occur, two elements must be present. Please state the two elements, then make reference to the text in the article that supports/describes each element.b. During class, I discussed several important characteristics (different from the two elements of 20.a.) that appear in many fraud cases. Please describe at least two of these characteristics that are described in the article.

 

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