Essay Sample on The Role of Mission Statement in Company Development

Essay Sample on The Role of Mission Statement in Company Development Is Mission Statement Useful for the Company Development? Mission statement is basically the statement of the purpose the company has. It guides the actions of the organization’s staff and provides a sense of direction for the people working in it. To my mind, mission statement is not simply useful for companies, but is one of the most necessary parts any organization should possess in order to work effectively and productively. Below I will explain why I think so. It is very important for people to understand the reasons and goals of their actions. When they do something without a clear reason, they do it not efficiently enough, and often don’t achieve the necessary goals. This feature of people’s world perception becomes evident even in the early childhood, as in this age children also don’t do what they don’t understand. It is the main reason why children don’t stop to do what they are doing, even if their parents start getting annoyed or yell at them. Wise parents know that in order to reach their goals and bring up polite and well-behaved children, they shouldn’t make them do or not do something by yelling at them they know that if they explain to them everything, it will be much more effective and useful. The same goes for the companies – if people understand what they are working for, they are sure to achieve success in life.

Essay about Mysterious Roses and Cold Feet - 967 Words

The Mysterious Roses and Cold Feet Michael J. Reid ETH/316 08/05/2013 Mark Cobia The Mysterious Roses and Cold Feet Various conditions come up in the office that requires employees to sit down and think about the best solution. This usually involves supervisors and subordinates. At times answers are vague and what seems to be the most clearly defined answer, is not always the suitable choice. The Ethics Game simulation displayed two different cases: The Case of the Mysterious Rose and The Case of the Cold Feet. Both cases bring the manager across different thought procedures to make him or her comprehend the magnitude of examining the situation in dissimilar ways. In The Case of the Mysterious Rose, the†¦show more content†¦The simulation also deems this to be the wisest option and low risk. In the Case of the Cold Feet, I dealt with the problem of what to do when I think an employee is doctoring facts in a report. This came to my attention through two conflicting employee reports. This case conveys the user through the relationship and reputation lenses. In this occurrence, I we nt with two distinctive, yet comparable, options (both of which the simulation thought were not the best options). After recognizing the principal participants, the relationship lens had me spot the basic liberties of the workers and then to identify methods that ensure these basic liberties. Once I pinpointed these liberties and methods, I chose to notify the employee of my trepidations without mentioning the junior researchers data report. If Dr. Waters (the faker) does not acknowledge or make clear the problem, I would inform the Chief Legal Officer of the potential wrongdoing. The reputation lens asked me to identify the proficiencies of my position. Amazingly, I was exactly right with them. With that I determined to go a different course in notifying Dr. Waters of my troubles based on my own investigation. The simulation assessed this decision as low risk but not the highest choice for the reputation lens. These simulations were very thought-provoking and curious. TheyShow More RelatedThe Mysterious Roses and Cold Feet1056 Words   |  5 PagesThe Mysterious Roses and Cold Feet ETH/316 University of Phoenix The Ethics Games Dilemmas this week presented â€Å"The Mysterious Roses† and â€Å"Cold Feet† simulations. For the exercise we were required to address the issues in the simulation and identify the best decision for all parties involved. This summary will review what ethical issues were presented in the simulation, the decision making steps to ethically address the issues, the perspectives and lenses that were usedRead MoreEthics Game Delima744 Words   |  3 PagesEthics Game Dilemma Mysterious Roses and Cold Feet March 12, 2013 Abstract Sexual Harassment and Falsifying data are an unethical practice that could happen in an organization. Leaders are required to take action. 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Credit and Lending Decision for Risk Modeling - myassignmenthelp

Question: Discuss about theCredit and Lending Decision for Risk Modeling. Answer: There are different kinds of risk involved in approving the letter of credit as well as the line of credit by GMMC. Line of credit is the kind of commitment from bank to make payment on the behalf of customers. This is the kind of arrangement between the financial institutions as well as between the different customers that helps in establishing maximum balance of loan that the lender will permit the borrower in order to maintain or access ( Ru, Hong and Antoinette 2016). On the other hand, letter of credit is the kind of letter from a particular bank that guarantees the payment of the buyers to the seller that will be received on particular time for correct amount as well. The letter of credit is balanced method of payment in terms of different risks for both the bank as well as the companies. The entire responsibility of the letter of credit is on the banks and the responsibility is one such party who bears the risk in the transactions related to the letter of credit as well. There are different kinds of risk that is involved in the letter of credit as well as line of credit for the company as well as the banks (Jia et al. 2016). There are different kinds of risk that are involved in the bank as well as in the different companies such as GMMC as well. The main risk is involved with the bank as these are the ones who pay the amount and issue the letter of credit on the behalf of the companies. The risk involved with the bank is regarding the amount that is paid by the bank has to be controlled as well as this can be a large issue in the future as well. On the other hand, there are different kinds of risk that are involved with the company as well when the amount is not being able to be refunded by them, then the property of the company will be seized by the bank as well (Emekter et al. 2015). Risks involved in line of credit in case of Bank In case of bank, there are different kinds of risk that has to be borne by the bank when the customer is not being able to pay off the amount that has been paid by the bank on behalf of the respective customer. The dangers or risks that are involved in such cases are as follows: The line of credit is based on the interest rate that is variable in nature. When the customer is not being able to pay the specific amount, this will be risk that will be borne by the respective bank as per the conditions of the market that will change accordingly (Tirole 2014). There can be loss of collateral when the payments are not made on time by the customers to the respective bank. This is a kind of dangerous risk that can be borne by the bank and this will permit the bank in seizing the property of the individual who has not been able to pay the amount to the bank that has been paid by the bank in behalf of the customer (Bluhm et al. 2016). These are the different kind of risks that has to be properly borne by the bank in behalf of the individual (Souza 2014). This line of credit risks has to be properly handled by the bank as this will help both the company along with the company with proper maintenance of the interest rates involved in it as this will help in achieving the amount by seizing the property of the respective customer or the company who has taken such line of credit from the bank. The Motor City National Bank should not increase as well as approve both the line as well as letter of credit as this will be a huge risk for the respective bank as well as the company. Risks involved in letter of credit in case of Motor City National Bank There are different risks involved in the letter of credit towards banks such as fraud risk as well as political risk. The letter of credit can create issue for the banks, beneficiary as well as to the applicants as well. For the beneficiary, main factors of risk are generally unable to properly comply with the conditions of the letter of credit and for the bank the risk increases when there is increase in the responsibility as well. These are the different kinds of risk that has to be properly managed by Bank by understanding the degree of coverage of the payment that has been guaranteed by the customers or the company to the respective bank. Such risks have to be properly handled by the bank by knowing the differences that can create risk for the bank (Allen et al. 2014). GMMC Company On the other hand, the company can face different risks in case of letter of credit as well as in line of credit as they are the parties on behalf of whom the bank is paying the amount and signing the letter of credit as well. The companies borne different kinds of risk as borne by the bank as they are the ones who will be suffering the most when the amount that is paid by the bank on behalf of them will not be refunded properly, their property will be seized by the bank and they will not be having any kind of complaints at that point of time as well (Weiss 2014). On the other hand, the letter of credit has different risks for the applicant as well as beneficiary as well along with the respective bank. In the letter of credit, the main factors of risk that are faced by the beneficiary as well as the applicant includes non delivery along with the goods that will be received by them will be of inferior quality and there will be risk in the exchange rates as well. This can also lead to the issuing the bankruptcy risk of the bank. Furthermore, the beneficiaries risk includes the whenever the beneficiaries are not being able to comply with the letter of credit with the bank, there will be issue relating to the political risk of the entire country as well. References Allen, Liz, Amy Brand, Jo Scott, Micah Altman, and Marjorie Hlava. "Credit where credit is due."Nature508, no. 7496 (2014): 312-313. (https://www.nature.com/polopoly_fs/1.15033!/menu/main/topColumns/topLeftColumn/pdf/508312a.pdf?origin=ppub) Bluhm, Christian, Ludger Overbeck, and Christoph Wagner.Introduction to credit risk modeling. Crc Press, 2016. (https://books.google.co.in/books?hl=enlr=id=6ITOBQAAQBAJoi=fndpg=PP1dq=journals+on+risks+involved+in+letter+of+credit+ots=jake-lVyaksig=3Do_Kg81Yb0GwqpgtBUgnrXDR5Y#v=onepageqf=false) Emekter, Riza, Yanbin Tu, Benjamas Jirasakuldech, and Min Lu. "Evaluating credit risk and loan performance in online Peer-to-Peer (P2P) lending."Applied Economics47, no. 1 (2015): 54-70. (https://www.tandfonline.com/doi/abs/10.1080/00036846.2014.962222) Jia, Tao, Feng Lin, Zhengwen He, and Nengmin Wang. "Line-of-Credit Payment Scheme and Its Impact on the Retailers Ordering Policy with Inventory-Level-Dependent Demand."Mathematical Problems in Engineering2016 (2016). (https://www.hindawi.com/journals/mpe/2016/4027454/abs) Ru, Hong, and Antoinette Schoar.Do credit card companies screen for behavioral biases?. No. w22360. National Bureau of Economic Research, 2016. (https://www.nber.org/papers/w22360) Souza, Tanisha. "Enhancing income using line of credit sweep account." U.S. Patent 8,788,409, issued July 22, 2014. (https://www.google.com/patents/US8788409) Tirole, Jean. "Comment."NBER Macroeconomics Annual28, no. 1 (2014): 279-286. (https://www.journals.uchicago.edu/doi/full/10.1086/674602) Weiss, Russell. "System and method for generating a virtual credit score and a respective virtual credit line." U.S. Patent Application 14/582,692, filed December 24, 2014. (https://www.google.com/patents/US20150178829)

Cyber Security Case of 2012 LinkedIn Hack †MyAssignmenthelp.com

Question: Discuss about the Cyber Security Case of 2012 LinkedIn Hack. Answer: Introduction: Computers and the subsequent development of networking systems has not only connected the whole word through a huge web of the internet but also provided opportunities for malicious activities. The interlinking of different computer on the internet can be assumed as a favourable indication for hackers to trespass into networks without authentication. The damages which hacking can render are largely observed in terms of deleting files, access to passwords and other confidential information and capabilities to view the victims activities on a machine (Altner Servi, 2016). The recent decade has witnessed several high profile hacking cases in which colossal volumes of confidential user data were compromised. However it is essential to emphasize on the ethical and legal implications concerned with hacking that would assist in reflecting critically on the hacking incidents. The high profile hacking case under concern in this assignment is the 2012 LinkedIn hack that was responsible for mi sappropriation of almost 117 million user accounts and passwords (Beach, 2014). Ethical theories: In the case of 2012 LinkedIn hack it can be observed that deontology was violated since the ethical theory is based on the principle of people adhering to their duties and obligations. The role of the hackers as contributors to the society on ethical grounds is violated as they were not able to uphold the legal precedents related to use of computers and relevant networks. However, deontology could be critiqued in context of LinkedIns hacking case since there is no specific estimation of duties for the hackers. Therefore it is improbable to determine if the hackers have violated their duties. Consequentialism is also considered as a major ethical theory which determines the ethical validity of particular actions on the grounds of the actions relevant outcomes. The classification of consequentialism into various underlying theories on the grounds of the nature of the outcomes and its benefits could be observed in the theories of hedonism, utilitarianism, intellectualism and egoism. These individual theories are associated with distinct consequences such as hedonism characterizes the most desirable outcome that can be obtained from a process (Caelli Liu, 2017). However, in the case of the high profile hacking case of LinkedIn the impact of egoism can be profoundly observed. Egoism suggests the benefit for self and the example of the sale of the hacked LinkedIn user accounts and passwords on the Dark Web indicate that the hackers depicted egoism. Intellectualism can be apprehended in this case owing to the countermeasures implemented by LinkedIn to understand the sources of the breach and potential gaps in their design. The hacking incident also contributed to the increasing awareness among users regarding the security of their accounts that indicates promotion of knowledge and thereby intellectualism could be validated. Thereafter, utilitarianism can be anticipated to a certain extent despite the losses since hacking attacks enable the development of secure systems (Dely, 2015). High profile hacking attacks could also be reviewed on the grounds of pragmatism which indicates the progress of society on the grounds of scientific principles since the concerns of protection of systems are strengthened. The hacking attacks lead to explicit realization of scientific principles of experimentation, research and analysis of the hacking attacks. On the other hand, divine command cannot be perceived in this case since hackers do not have any ethical obligations to organization or ruler or any god in the case of the LinkedIn 2012 hack (Lera et al., 2016). Legal issues: The prominent highlights of cyber-crimes are associated with a considerable assortment of probable legal issues and the explicit legal regulation that could be identified in the state jurisdiction law of Western Australia is noted in Section 440A of Criminal Code Act 1913. The section is profoundly emphasized on the Unlawful Use of Computer and can be implemented in the case of hackers involved in the LinkedIn 2012 hack since they were accounted for unlawful access to a restricted computer network and utilization of the data for monetary benefits (Caelli Liu, 2017). Therefore, the hackers could be subject to imprisonment for 10 years and/or fine amounting up to $5000. Another profound legal regulation that could be observed in context of the LinkedIn 2012 hacks is the 18 USC Section 1030 of the Computer Fraud and Abuse Act (CFAA) of US federal computer crime statute (Caelli Liu, 2017). The law is intended to address different acts related to compromises in network security and in t he concerned high profile hacking case, the involvement of hackers in the decryption of user account information. The hackers could face penalty of 10 years in prison with a fine of $250,000 for the first offence while the second offense could land them up in prison for 20 years. Conclusion: The report illustrated the four different ethical theories within legal jurisdiction pertaining to the 2012 LinkedIn hacking case. The discussion on ethical issues was based on multiple ethical theories which were reviewed within the constraints of the legal framework pertaining to cyber security. References Altner, D., Servi, L. (2016).A Two-Stage Stochastic Shift Scheduling Model for Cybersecurity Work force Optimization with On Call Options. Beach, S. K. (2014). Usable cybersecurity: Human factors in cybersecurity education curricula. Natl. Cybersecurity Inst. J, 5. Caelli, W. J., Liu, V. (2017).Cybersecurity education at formal university level: An Australian perspective. Dely, J. (2015). Incorporating Cybersecurity into Water Utility Master Planning. Proceedings of the Water Environment Federation, 2015(17), 1274-1287. Lera, F. J. R., Balsa, J., Casado, F., Fernndez, C., Rico, F. M., Matelln, V. (2016).Cybersecurity in Autonomous Systems: Evaluating the performance of hardening ROS. Mlaga, Spain, 47. Rieb, A., Lechner, U. (2016, August). Operation Digital Chameleon: Towards an Open Cybersecurity Method. In Proceedings of the 12th International Symposium on Open Collaboration (p. 7).ACM.