Change Essay - 1144 Words

â€Å"Nobody can go back and start a new beginning but anyone can start today and make a new ending†. Maria Robinson’s quote can be applied to the concept of change as anyone can alter the way they are in their lives and become something new. Change is a state of transformation which results in a fundamental shift in the way we perceive and interact with the world. It is the process of being made different, altered in appearance, turned into something or someone new. The concept of change is very important in our lives as it gives us new experiences whether it be positive or negative. Change can be explored in the poem â€Å"Remember me?† by Ray Mather, â€Å"My father began as a god† by Ian Mudie, â€Å"Originally† by Carol Ann Duffy and in the pros fiction†¦show more content†¦Repetition of the word â€Å"strange† shows the audience the poet’s point of view about his father and how his perspective had changed from when he wa s younger. His perspective started of as a positive one seeing his dad as a god until he grew older and a negative perspective had been developed as seeing his father as foolish and outdated. This relates to the concept of change as the poet’s view of his father has been altered as he has grown up. The poem â€Å"Originally† by Carol Ann Duffy implies a journey of changes. It creates an allure for the reader to ponder what the catalyst for change is in this poem. The use of personification â€Å"the miles rushed back to the city† is used to show an uncertain journey and reinforce her desire to return home. It shows a sense of displacement from where she had just left which emphasises loss and isolation for the poet. This relates to the concept of change as there is a shift from one place to another in the poem. The poet uses repetition in the poem quoting â€Å"home, home† which is used to emphasise that the poet is going through a time of change and wants to return to her original place being home. This relates to the concept of change as there is a shift in ones life from one place to another as shown in the poem. The pros fiction â€Å"Sky high† by Hannah Roberts uses the technique simile â€Å"shirts like coloured flags in secret code† to show her own personal childhood experiences and her perspectives as a child. This relates to theShow MoreRelatedChange Essay1439 Words   |  6 PagesChange We dont continue on as we are. We change and are forever changing if we dont change we dont grow. If we dont grow, we arent really living Gail Sheehy, suggests that for change to work efficiently we must learn from what has happened in the past. Change can be a positive force, we have the power to change to create world peace, and on the other hand change can be negative. 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Producing World-Class, Mission-Ready, C-17 Pilots and...

Mission Statement Mission, Airman, Family (MAF) To produce world-class, mission-ready, C-17 pilots and loadmasters. Customer Analysis The 58th Airlift squadron is the only airlift squadron in the world to train customers to operate the C-17. Our customer is the trainee, we should provide a professional learning environment and give each trainee the tools necessary to be successful C-17 operators. Our squadron is also product of The Mobility Air Forces or MAF. We owe them a product and we should provide the MAF with operators capable of executing their global mobility mission. Our customers are evaluating our services very high. We view this with the customers final course survey and their USAF flying evaluation. We also receive a feedback report on the members initial MAF flight evaluation validating if the member has progressed or regressed in the training environment. We also have our trainees complete an initial observation and evaluation flight for us to measure where they stand in their abilities in comparison to where they should be. Once again we validate our training with the members final evaluation. This is the standard for all initial, advanced and international students. In an effort to maintain a good working relationship with our internal and external customers we will continue to follow through on our promises. To make certain we are providing the best service possible we will continue to ed ucate our work force, seek feedback and stay up to date on

Cohn and Wolfe Launches Strategic Consulting †MyAssignmenthelp.com

Question: Discuss about the Cohn and Wolfe Launches Strategic Consulting. Answer: Introduction When any organization takes the initiatives to improve the performances and grasp the opportunities or address different key issues they require implementing changes of different types. This might involve change in processes, job roles, organizational structure and the use of different kinds of technologies. However it is important to mention that among all these changes, the most important fact is that the real change needs to be brought among the employees. It must be realized that it is the employees who have to change. It is the employees who have to cope up with the change and bring alterations in their habits in order to successfully implement the change that is desired by the management. If the employees fail to accept and bring about the modifications, the change that is desired will fail along with the implementation. It must be understood that changes are unique so are individuals. After decades of research, it has been discovered that there are actions that could change pe ople. This is where change management comes into play. Change management provides a detailed structured analysis that would help to bring about the change in an organization. Change management provides the path that needs to be followed in order to successfully implement the change that is desired. This study helps to understand the implementation of change management to an organization. With the help of the study the researcher would be able to understand how different types of changes can be brought to the organizations depending on the type of organization and its employees. The study is mainly based on the study of Robert K Yin who developed specific structure for case study. The case considered in this research is based on the organization WPP which deals in marketing communications. Three phases of change management Before bringing change into individuals, it is essential to understand that it is the natural psychological as well as physiological tendency of humans to contradict any change to which they are introduced. However with proper support and help, it is possible to bring about the desired change in the individuals. Individual change management is important because it helps to understand the how people accept the changes and are willing to do as required. According to Czichos (2014) individual change management helps to understand how people are experiencing the change and the messages that people need to hear. Since individual change management involves changing in the character of people, therefore there are some facts that people like. For instance a person might prefer to receive a message or information from a certain person. In such cases the speaker for the change also plays significant role. Sometimes people prefer to hear the message from a person with specific authority. Hearin g from a specific person about the requirement of change would help people to get motivated and this leads to easier introduction of individual change. Next comes organizational change management which involves restructuring of the operations in the organization. In the words of Have (2017) after changes in the individual level are done, it is required to change groups of individuals. In case of organizations groups are referred to as the people who comprise different levels of employees such as staffs, management, board of directors and different other people belonging to specific designations. When bringing organizational change, the organization needs to customize plans accordingly in order to make sure that the people holding different positions are influenced and explained the advantages of the change that is planned. With the help of the explanation, it would be possible for the stakeholders to get an understanding of the processes and the positive aspects of the change. The final phase of change management is the enterprise change management which involves changes in organizations based on the changes in different other organizations. The organizations which plan to undergo change management should understand the fact that the change should involve an overall alteration in the management. This includes introduction of new equipment and technology and even work structure. The organizational structure involves people of different designations, roles and work processes. Enterprise change involves modification of all these facts. According to "What Is Change Management? | Prosci" (2017) enterprise changes are mostly brought with the purpose and objective of improvement in the performance of the organization. As a result of enterprise change, individuals would be able to accept and adapt to the changes easily. The enterprise change is not an abrupt process but requires strategic thinking and critical approach. Once the different phases of change management are understood, it becomes easy to understand and determine the roles of the managers of the organization. As a matter of fact the managers play the most significant role. Since the basic phase of the change management involves changing the individuals, therefore it must be kept in mind that the individual staffs need to be changed with too much care. as Since the managers are the people who act as a bridge between the board of directors and the staffs, therefore it can be understood that the managers have to play the crucial role of determining the initiatives that would help to influence the staffs. Simultaneously it is the duty of the managers to report the problems to the board of directors so that the directors would be able to rectify or modify a complicated situation. It is the managers who would play the key role right from the beginning. It is the managers who would report the different parameters that would determine the requir ements of the change in the organization. Simultaneously the managers would also be responsible for motivating the employees for accepting the change. It will also be the responsibility of the managers to assign the tasks and explaining the tasks to the employees. The task of the managers is quite challenging because the managers have no idea of how the employees would accept the change. Depending on the assessment of the employees the managers have to take different approaches to influence the employees. When the organization of WPP is taken into consideration, the management underwent a recent organizational change. Major restructuring was involved in the change. The first change that was involved was the change of the leadership in different parts of the world. Next the company decided to make significant changes in its operations. As mentioned in "Major agency restructuring continues with changes at Publicis, WPP" (2017) the company has made changes in its operation to make it simple for the clients and employees. They decided to bring these changes in order to make the data integration, promotion and other feature simple and easily executable. Additionally the company has introduced some major changes in customer relations. WPP has introduced more and more electronic features in the customer relations. This helped to speed up the process and reduce human effort. It also helped to reduce the chances of human errors. The company also started to explore the digital advertisements. T he company started promoting products on social media which helped to reach a larger mass of people. Values and ethics of managers While introducing changes to the organization, it is important to consider different aspects such as cultural value, ethics and diversity. While structuring the changes the management needs to pay heed to the fact that the changes do not offend anyones sentiments. It must also be taken care of the fact that the changes are brought about following the ethics of business. This includes maintaining the employment and labor laws as well. The managers should keep in mind that while dealing with the employees they do not offend the staffs in any way trying to influence them. The managers need to keep in mind that the employees need to be kept happy. The managers should convey the message in favor of the change keeping the legal formalities intact. Sometimes the managers face problems of language and mode of interaction trying to interact with the employees. It is highly essential for the managers to use technique of interaction so that the employees understand the facts easily and at the s ame time they are not offended. With the help of proper communication techniques, the managers can easily convey the desired message and influence the employees. This is why appointing a person who is able to understand the local culture and can influence the people without offending them is important. In case of WPP appointing an America born CEO for operations in America would help the company to get the favor of the employees because she would be able to influence the employees easily without hurting their sentiments. Simultaneously it would be easy for the CEO to understand what the staffs as well as the clients would demand. Understanding the culture is also crucial which will be followed if the CEO has the same origin. The sentimental value is also important with the feeling of having a boss from the same origin would help to prevent any sentimental conflict. Considering all these facts, the change management introduced by WPP was crucial and wand highly effective. With the he lp of the change the company was able to satisfy the clients and make the employees happy. Additionally the company was also able to improve its performances on the global basis. Conclusion This research helped the employees to understand the significance of change management. With the understanding of the change management, it would be possible to strategize the change management accordingly. Apart from the understanding of the change management the researcher was also able to understand how the change management would affect the organization. With the progress of the study the researcher was able to have an in depth idea of how change management should be done. The different phases of change management explained in the study helped the researcher strategize plans of how to bring about the necessary changes. This would help the researcher to introduce changes in the future whenever required. In order to have a better idea of change management, the company used for studying change management was WPP. This study helped to understand the change management in a much more practical sense. The significance of culture and ethics on change management was understood through the study. With the help of the change the company was able to satisfy the clients and make the employees happy. Additionally the company was also able to improve its performances on the global basis. The practical application of change management on the organization helped the researcher to understand how it would affect the organizations in different manner. to conclude the study, it can be said that the study provided an in depth understanding of change management with the practical application of the same on an organization. References Cohn Wolfe launches Strategic Consulting unit - WPP. (2017).Wpp.com. Retrieved 23 October 2017, from https://www.wpp.com/wpp/press/2015/apr/08/cohn-wolfe-launches-strategic-consulting-unit/ Czichos, R. (2014).Change Management. Freiburg im Breisgau: Haufe-Lexware. Have, S. (2017).Reconsidering change management. New York: Routledge. Hill Knowlton launches Change Internal Communications offering - WPP. (2017).Wpp.com. Retrieved 23 October 2017, from https://www.wpp.com/wpp/press/2008/feb/19/hill-knowlton-launches-change-internal/ Major agency restructuring continues with changes at Publicis, WPP. (2017).Marketing Dive. Retrieved 23 October 2017, from https://www.marketingdive.com/news/major-agency-restructuring-continues-with-changes-at-publicis-wpp/446570/ PR: What to Do When the Public Does Most of the Relating by John H. Bell - WPP. (2017).Wpp.com. Retrieved 23 October 2017, from https://www.wpp.com/wpp/marketing/publicrelations/public-relations-is-changing/ Sanoubar, N., Forghani Bajestani, M. (2015). Organizational Change Cynicism.Change Management: An International Journal,15(2), 19-33. https://dx.doi.org/10.18848/2327-798x/cgp/v15i02/50770 Shaw, D. (2015). Managing dualities in organizational change projects.Journal Of Change Management,16(3), 201-222. https://dx.doi.org/10.1080/14697017.2015.1118142 What Is Change Management? | Prosci. (2017).Prosci.com. Retrieved 23 October 2017, from https://www.prosci.com/change-management/what-is-change-management

Vertical analysis free essay sample

A method of financial statement analysis in which each entry for each of the three major categories of accounts (assets, liabilities and equities) in a balance sheet is represented as a proportion of the total account. The main advantage of vertical analysis is that the balance sheets of businesses of all sizes can easily be compared. It also makes it easy to see relative annual changes within one business. For example, suppose XYZ Corp. has three assets: cash and cash equivalents (worth $3 million), inventory (worth $8 million), and property (worth $9 million). If vertical analysis is used, the asset column will look like: Cash and cash equivalents: 15% Inventory: 40% Property: 45% This method of analysis contrasts with horizontal analysis, which uses one years worth of entries as a baseline while every other year represents differences in terms of changes to that baseline. Vertical Analysis of Financial Statements Vertical analysis of financial statements is a technique in which the relationship between items in the same financial is identified by expressing all amounts as a percentage a total amount. We will write a custom essay sample on Vertical analysis or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page This method compares different items to a single item in the same accounting period. The financial statements prepared by using this technique are known as common size financial statements. This analysis is performed on the income statement as well as the balance sheet. Balance Sheet: When applying this method on the balance sheet, all of the three major categories accounts (i. e. assets, liabilities, and equity) are compared to the total assets. All of the balance sheet items are presented as a proportion of the total assets. These percentages are shown along with the absolute currency amounts. For example, suppose a company has three assets; cash worth $4 million, inventory worth $7 million and fixed assets worth $9million. The vertical analysis method will show these as Cash: 20% Inventories: 35% Fixed Assets: 45% Income Statement: And when applying this technique to the income statement, each of the expense is compared to the total sales revenue. The expenses are presented as a proportion of total sales revenue along with the absolute amounts. For example, if the sales revenue of a company is $10 million and the cost of sales is $6 million, the cost of sales will be reported as 60% of the sales revenue. The main advantage of using vertical analysis of financial statements is that income statements and balance sheets of companies of different sizes can be compared. Comparison of absolute amounts of companies of different sizes does not provide useful conclusions about their financial performance and financial position. Usually the vertical analysis is performed for a single accounting period to see the relative proportions of different account balances. But it is also useful to perform vertical analysis over a number of periods to identify changes in accounts over time. It can help to identify unusual changes in the behavior of accounts. For example, if the cost of sales has been consistently 45% in the history, then a sudden new percentage of 60% should catch the attention of analysts. Reasons behind this change should be investigated and then measures should be taken to bring this percentage back to its normal level. SECTION 3: VERTICAL ANALYSIS (COMMON-SIZE ANALYSIS) Vertical/Common-size analysis expresses items in a financial statement as a percentage of a single or base amount. This allows analysis of two or more corporations of varying sizes. The calculations used to determine the answers for the vertical analysis must be included in the appendix. I. For an Income Statement, items are usually expressed as a percentage of revenue. Perform vertical analysis in relation to revenue for the following items in the Income Statement for the current year for each of the two corporations. Current Year Revenue 100% COGS Operating Expense Interest Expense Income Tax Expense Net Income Based on the analysis, how have each of the companies performed relative to the following: †¢ Product or Service Cost Control †¢ Operating Cost Control †¢ Debt Servicing †¢ Tax burden †¢ Profitability II. For a Balance Sheet, vertical analysis is performed by expressing amounts as a percentage of total assets. These percentages are then compared to percentages calculated for another corporation (inter-company analysis). Perform common-size analysis of the following for each of the two corporations. Current Year Current Assets Property, Plant and Equipment All Other Assets TOTAL ASSETS 100% Current Liabilities Total Liabilities Stockholder’s Equity Vertical Analysis of the Income Statement The most common use of vertical analysis in an income statement is to show the various expense line items as a percentage of sales, though it can also be used to show the percentage of different revenue line items that make up total sales. An example of vertical analysis for an income statement is shown in the far right column of the following condensed income statement: $ Totals Percent Sales $1,000,000 100% Cost of goods sold 400,000 40% Gross margin 600,000 60% Salaries and wages 250,000 25% Office rent 50,000 5% Supplies 10,000 1% Utilities 20,000 2% Other expenses 90,000 9% Total expenses 420,000 42% Net profit 180,000 18% The information provided by this income statement format is useful not only for spotting spikes in expenses, but also for determining which expenses are so small that they may not be worthy of much management attention. Vertical Analysis of the Balance Sheet The central issue when creating a vertical analysis of a balance sheet is what to use as the denominator in the percentage calculation. The usual denominator is the asset total, but you can also use the total of all liabilities when calculating all liability line item percentages, and the total of all equity accounts when calculating all equity line item percentages. An example of vertical analysis for a balance sheet is shown in the far right column of the following condensed balance sheet: $ Totals Percent Cash $100,000 10% Accounts receivable 350,000 35% Inventory 150,000 15% Total current assets 600,000 60% Fixed assets 400,000 40% Total assets $1,000,000 100% Accounts payable $180,000 18% Accrued liabilities 70,000 7% Total current liabilities 250,000 25% Notes payable 300,000 30% Total liabilities 550,000 55% Capital stock 200,000 20% Retained earnings 250,000 25% Total equity 450,000 45% Total liabilities and equity $1,000,000 100% The information provided by this balance sheet format is useful for noting changes in a companys investment in working capital and fixed assets over time, which may indicate an altered business model that requires a different amount of ongoing funding.