Risk Management Functions in Healthcare Organisation

Risk Management Functions in Healthcare Organisation Cloudette Ann F. Sun The main purpose of this report is to examine and discuss the role of risk management function within an organization and assess the policies and procedures against strategic and operational healthcare business functions. INTRODUCTION In a corporate world there is a need to maintain the continuous assurance of success and achieving the desired goals of the company. As businesses start to develop and grow, it has become essential for these companies to identify risks that might hinder their growth and possibly decrease profit. This has made the introduction of risk management very imperative in the organization. To prevent financial crises, an enterprise must have strong footing on the theory of risk management, beginning with anticipating or finding possible risks, discovery of ways to reduce them and to implementation of guidelines to diminish these threats and to increase the development of the enterprise. This paper offers a balance of essential information and indicators on how the management of risk in a financial institution takes place, its benefits and components. ROLES OF RISK MANAGMENT FUNCTIONS IN AN ORGANISATION Examine and discuss the purpose of risk management within an enterprise. Risk management has been defined by ISO 31000 (2009) as principles and guidelines. It provides principles, framework and a process for managing risk. In a financial institution it can be used in risk planning, risk assessment, risk handling and risk monitoring. Once a risk have been identified, a detailed description of this risk should be taken into account; from likelihood of occurrence, its impact as well as taking into consideration the cost, scope frequency and other factors that might contribute to that risk. Within that framework of thought onto the concise analysis of the risk identified, a response plan should or will be developed. This part may take up a lot of time and be given a longer time frame within the process for these may undergo trial milestones or surveys. As these trial plans on reducing risks are taking place, it is the responsibility of the enterprise to initiate an immediate response plan before a concrete procedure or plan has been developed to reduction or risks. Relevant communication between all parties involved should be implemented and consultation with the assigned departments should hasten this process. Implementation of procedures on risk management then follows with the continual reassessment or monitoring of the effects or outcome of the procedures to the expected drop of risk on the enterprise. A framework on the implementation and review on the procedures should be properly documented as to gauge the effectiveness of the plan being instigated. It is vital that risk management will always be a continuous process in an evolving and developing financial institution. Examine and discuss the benefits of risk management within an enterprise As business institutions develop and grown, inevitable risk unceasingly evolves and this makes enterprises agree on the benefits of the continual process on managing these risks. This makes it beneficial for the development of a culture of the company and the education of the members of different departments affected by the risks involved. Cultural development evolves for the better as monitoring of the best possible way to diminish risk and with the end benefit of increasing profit always takes place. Board members of the enterprise create programmes for the betterment of the employees and for the survival of their company. Information dissemination also takes place as individuals in the company are being educated on the solvency plans undertaking in minimizing risks. This also pushes financial institution to their regulatory developments. On the same note, accurate bookkeeping of investments, risks, uncertainties and management decisions are made with the help of the process of risk management. This makes it easier for future references on the recurrence of another or similar risks evolvements. With the precise documentation at hand for reference, minimal cost could be implemented for potential risks and there is a rise in confidence in how the enterprise would manage as contingency plans are already being regulated and suitable analysis of data are already considered by the management. This could ultimately promote good governance within the company. In addition, the achievement of the main goal of any business institution is the control on the financial risk or the implementation on the minimal costs of the enterprise. As an effect, this ultimately increases the company’s ability to increase incentives and in return employees provide their best efforts making which as well makes not only the employers but also the consumers confident and happy in their purchase. Reviewing of Activities and Internal Environment In the process of managing risk the main and primary goal is reviewing or to decipher the movements and internal environment that affects the risk. As corporations tend to grow big a lot of factors tend to taken into consideration. In the internal environment, risks can happen in a lot of areas including in the management of human resource and proper communication within the employees and within the different departments. It is quite difficult to handle a company especially with different backgrounds and settling of varied cultures. This also does not limit to such and includes with the development of technology and research. This has become extremely important with the fast developments of technology in the last years and the continuous improvement of our gadgets and machinery. Another would be with regards to the health, environment and safety of every individual contributing to the advancement of the financial institution. This essentially becomes the primary contribution of the working power that a company holds and eventually assures the continuous production and process of the enterprise. Setting Objectives Evidently it has become widely known that setting objectives by most companies are through guidance of the principle that it must be specific, measurable, achievable, realistic and time bounded. Specific objectives are focused on the particular risk that is being currently examined wherein a detailed description of the risk that hinders the growth of the company is taking place. Having a definite objective guides the enterprise on knowing whether the goal has been achieved. A vague description of one’s objective automatically hinders the company to the continuous process on managing the risk. Measurable objectives give economic reasons of the financial institution for it to continue on the management of their risks. This ultimately sets and gauges if the objectives that have been set are accomplished or there is still a need for improvement. Achievable goals are being set, in which right from the start; the company has already taken into consideration its competencies and its marketing capabilities to the assurance that the objectives being set will be accomplished. Realistic objectives mean that a proper assessment and evaluation has been made within the firm its ability from resources management, competitors, market value and employee before setting a time frame. Time bounded goals keep the company in the right tract and to continually pressure the organization to meet the set time frame. Event Identification Event identification of risk is considered still to be a continual process on building the framework needed for management of risks. Implementation of controls is necessary to help alleviate risks that have already been identified as decreasing the reoccurrence of risks. This as well creates a venue for having the company being able monitor risks and build up parameters for these risks to be properly monitored. This clearly shows that event identification goes together with proper governance of managing risks especially associated with the objectives specifically set by the enterprise. For it to properly identify the event, it must eventually be flexible framework in which has been appropriately interrelated with the objectives. Risk assessment with particular reference to the impact and likelihood of risk The assessment of risk can be associated with their severe, significant, moderate, minor or minimal on the scale of every enterprise. A severe risk assessment would mean have great impact on its ability to meet its desired objective, but this may however reduce one or more of its objectives not to be achieved. In a significant assessment, although there is a significant effect on the outcomes set on the goals; there would be some goals that will be below what it is desired. Moderate assessment has adequate impact on the objectives but may cause some outcomes to be just in the acceptable level. Minor assessments have less influence on the objective causing outcomes to be below the acceptablelevel. Minimal assessments have little or no influence at all on the set objectives of the financial institution on the management of their risks. Risk Response Plan Risk response plan guides in analysing and identifying the risks and integration to planned objectives using the smart principles for main goal in mind for the increase in profit of the company. In the risk response plan, there must be proper integration of the knowledge within the objective. Proper integration with the objectives definitely requires the appropriate allocation of the resources at hand and careful planning including the review of previous similar risks. The scope must also be correct in definition wherein its control and quality are defined adequately. Time allocation is very important as well, for this may guarantee increase of risks; example would be the early distribution of some competitive products in the market. This happens when there is the exact estimation of time and the availability of the resources at hand. Cost effectiveness is vital as part of the risk response plan in which errors are being estimated, any changes in the contingency plan are calculated, as well as maintaining and acquisition of goods. Assuring the quality of the developed plan to control risk is essential. A standardization of the equipment, how it is being processed and the uni queness of the product is critically established. A leadership plan along with the objective becomes extremely necessary, because it all springs from proper leadership skills, with the definition of the responsibilities of each individual included in the plan. This also decreases any conflict arising within the management and increases productivity and organization of the set planned objectives in minimizing risks. Along with this, sets par with excellent communication between the team. This paves the way for the contribution of ideas from different departments and consultation from stakeholders. While developing the risk plan, unforeseeable conditions must also be taken into consideration and be part of the margin of error. Control Activities In an organization control activities are usually planned by the upper management headed by the chief executives. Controls given to the process level or on how the management is being governed and how the risk assessment plan is implemented are considered to be entity-wide controls. For the effectiveness of the plan identified by the management, control policies are being developed. Soft control are done with the â€Å"people† of the organization, which means knowing what really is the situation and eventually promotes open communication, shared values and their commitment with competitiveness. Hard Controls are instigated on the activities planned by the higher management. This could mean strict implementation of the policies, proper review of and inspection of the process and the appropriate structure of the organization. Information and Communication In forming a corporate strategy it is imperative that there is a continuous learning process and proper relay of information within the management and stakeholders. It starts with setting context of the risk involved with the suitable plan involved. It is now through proper dissemination that desired results will be achieved by the financial institution. There must be a constant interaction and dialogue between the stakeholders of the company. It is also the responsibility of the organization to uphold trainings and seminars to keep the employees abreast with the current trend and the plans of the company. Monitoring Kim Heldman (2005) defines monitoring as an activity that collects information, documents each findings and reporting them to the management. This is the phase wherein there is a continuous check of how the risk has been solved or managed and if there is a need for contingency plan to be differed and be reassessed again. Constant monitoring of the guidelines and limits ensures compliance within the organization. Proper consolidation of reports should be made to be reported by the upper management and keep as reference for foreseeable risks as well as unforeseeable. CONCLUSION Therefore, I believe although some financial institutions make not take risk management seriously but the benefits greatly outweigh any financial risks that the company might experience in the future. Financial institutions should ground themselves with the process of risk management. From creating organizational objectives with the smart principle, implementation of these strategies and to assessing the outcome of the plan made for the risks to be minimized. It should also bear in mind that continuous learning and communication within the organization is vital for the enhancement of the institution. Risk management is a process that involves assessment, evaluation, managing and measuring of risks involved in an enterprise. Through risk management the implementation of standardization have been developed in business institutions in our society. BIBLIOGRAPHY Books Heldman, K. Project Manager’s Spotlight on Risk Management.1st edition. Sybex Inc. United States of America. 2005 Wu, D. D. Modeling Risk Management in Suitable Construction. 1st edition. Springer Publications. Germany. 2011. Electronic Sources ISO 31000. (2009).Risk Management. http://www.iso.org/iso/home/standards/iso31000.htm European Agency for Safety and Health at Work. Purpose of Risk Assessment. Retrieved from https://osha.europa.eu/en/topics/riskassessment/purpose

American Lit: Anne, the Author to Her Book, Mistress Bradstreet Essay

In â€Å"Anne,† begin with The Author to Her Book, which evidently was written as the epigraph to the second edition of her collection of poems. What of her personality as a woman comes through in the poem? In â€Å"The Author to Her Book† It is immediate that the reader knows that a woman and a mother wrote this piece. â€Å"Thou ill-formed offspring of my feeble brain, Who after birth did’st by my side remain†¦Ã¢â‚¬  This sentence sets the stage for everything that would come next about her from staying by her side while children, to going out into the world with friends, and becoming adults and moving out of the house. Threw the middle of the poem, lines 5-10, you can tell that she is unhappy with her children for what is unclear but â€Å"brat† and â€Å"cast thee by as one unfit for light† can’t be a good sign. The last two lines though you can tell she will always love her children but she has to let them go. For a mother in that time period, especially a mother of 8, you can really get the sense of how much of an up and down ride I was to raise so many children and all the responsibility’s that when along with it. †¢In â€Å"Mistress Bradstreet†, what poems show her in her social life as the wife of a high official? From reading â€Å"Upon the Burning of Our House† I can gather that she was a wife of a high official or that she had had any money is to be new to Virginia she and her husband had many thing you wouldn’t think would be in a typical pilgrims home. Things that were burn such as a trunk, table and her stores even though she doesn’t really describe her stores, these alone would tell you that she was better off than most even before the mention of â€Å"pelf† which meant money or wealth. Works Cited George Perkins, B. P. (2009). The American Tradition in Literature. New York: McGraw Hill.

The United States And The Industrial Revolution Essay

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The Addiction Should Be Defined - 1407 Words

First, addiction should be defined. According to the Oxford English Dictionary, addiction is defined as, â€Å"The state or condition of being dedicated or devoted to a thing, esp. an activity or occupation; adherence or attachment, esp. of an immoderate or compulsive kind.† Now with this definition, it seems like people can be addicted to just about anything. That being said, there are two main types of addictions; behavioral and substance. 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Conductng a Internal Analysis Within Kraft’s Corporation Free Essays

string(145) " quarter would be flat to down due to a comparison with the years earlier period when retailers increased orders in advance of a price increase\." CONDUCTING AN INTERNAL ANALYSIS WITHIN KRAFT’S CORPORATION INTERNAL ANALYSIS AND SWOT ANALYSIS TRIDENT UNIVERSITY INTERNATIONAL AVIE MARIE JOHNSTONE STRATEGIC MANAGEMENT MGT599 MODULE 2 SESSION LONG PROJECT PROFESSOR LARRY BANKS NOVEMBER 5, 2012 Rapid growth and under developed financial and operational controls are common characteristics of many start-up operations, including companies, joint ventures, departments and divisions. Inadequate or improperly working controls can lead to fraud, loss of customers, and even business failure. Managers of start-up operations often fail to adequately address the need for controls because they lack the knowledge of how to address control risk, lack resources to address control risk, or they perceive other issues as being more critical. We will write a custom essay sample on Conductng a Internal Analysis Within Kraft’s Corporation or any similar topic only for you Order Now The manager’s dilemma is how to efficiently balance the need for strong controls with the everyday demands associated with running a newly formed business. (Denise Dickins, Margaret O’Hara, John Reisch). (2009). Resources are the inputs into a production process. They can be capital, equipment, patents, skill sets of individual employees and/or managers, financial resources, etc. Resources can be tangible or intangible. Individually, they may not necessarily lead to a competitive advantage – it is how they are used and the synergies they create that make them strategically valuable. Give me as much information as you can find about the following as it relates to the Kraft Foods Company: Tangible Resources Physical Resources SP Dow Jones Indices, a unit of McGraw-Hill Companies Inc. , said that Kraft Foods Group Inc. will replace Alpha Natural Resources Inc. n the SP 500, Alpha Natural Resources will replace Korn/Ferry International in the SP Mid Cap 400, and Korn/Ferry will replace Pulse Electronics Corp. in the SP Small Cap 600 after the close of trading on Monday, October 1. SP 100 500 constituent Kraft Foods Inc. is spinning off Kraft Foods Group to shareholders in a transaction expected to be effective after the close of trading o n that date. The Kraft Foods stub, which will change its name to Mondelez International Inc. and its ticker symbol to MDLZ, will remain in the SP 100 500. (Kraft Foods Group to Replace Alpha Natural Resources In SP 500). Nov. 7, 2012). 2. Financial Resources Kraft Foods, the newly independent company that was spun-off from its parent last month, reported stronger-than-expected third-quarter earnings and sales on Wednesday and reaffirmed its full-year guidance. The North American grocery business operating brands such as Oscar Mayer and Kraft cheese posted net earnings of $470 million, or 79 cents a share, compared with a year-earlier profit of $417 million, or 70 cents. (Jennifer Booton). (November 7, 2012). Analysts in a Thomson Reuters poll were looking for earnings of just 69 cents. A reflection of stronger volumes and pricing as well as increased advertising investment, revenue for the three-month period ended Sept. 30 grew 3% to $4. 61 billion from $4. 47 billion a year ago, edging above the Street’s view of $4. 56 billion. For the fiscal year of 2013, Kraft Foods had reaffirmed the GAAP EPS view of $2. 60 stating that the revenue was expected to grow in line with the North American food and beverage market. The consensus, excluding special items, was to look for a full of year earnings of $2. 66 on sales of $19. 28 billion. (Jennifer Booton). (November 7, 2012). 3. Human Resources The food industry is one of the most highly competitive centers of commerce worldwide. Consumer demand for high-value, healthy, convenient foods; advancing technology; globalization; and new distribution methods keep leaders and frontline employees in a state of constant change with comparable demands on human resources professionals. (IBM). (30-Jun-2010). â€Å"It shows just how open Kraft Foods is to new approaches. † That focus has helped Kraft Foods become the world’s second-largest food company, with annual revenues of approximately US$50 billion and sales in more than 160 countries. It also keeps HR strategists on the lookout for better ways to attract and recruit key talent, streamline processes and maintain operational excellence. (IBM). (30-Jun-2010). Kraft Foods decision makers determined that one lever to support those efforts and an ambitious multiyear transformation was to outsource selective back-office functions, said Karen Isaacson, Kraft Foods’ vice president of HR administration outsourcing. To that end, they sought a transformation partner that could deliver an integrated solution to help them meet technology and functional needs, and support their growth strategy. Kraft Foods’ search led to IBM. (IBM). (30-Jun-2010). 4. Other? Kraft Foods Group Inc stood by its full-year outlook on Wednesday as it works to better tailor its product portfolio to a weak economy in North America, the only region the newly independent company now operates in. Kraft was spun off last month from the maker of Cadbury chocolates and Oreo cookies, which goes by the name of Mondelez International. Unlike Mondelez, which got some 45 percent of its sales from developing markets, Kraft focused on slower growing North America? Jennifer Booton). (November 7, 2012). Further, U. S. consumers face stubbornly high unemployment and slow economic growth. In the weakened economy, Kraft had to drive their sales volume with more advertising and a greater range of products and prices, in what they called a â€Å"good, better, best† strategy. (Martinne Geller). (February 10, 2009). â€Å"The economic environment has not improved and that creates a burning platform for Kr aft, our customers and our industry. † Kraft shares were down 22 cents, or 0. 5 percent, at $44. 48 in late morning trade. The broader market, as measured by the SP 500 index, was down more than 2 percent, a day. Kraft said net income rose to $470 million, or 79 cents per share, from $417 million, or 70 cents per share, a year earlier. Revenue increased 3 percent to $4. 61 billion. Most of the increase came from volume gains and selling a more expensive mix of products, with a smaller contribution from price increases. (Martinne Geller). (February 10, 2009). The company affirmed its 2013 outlook, calling for earnings of $2. 60 per share and revenue growth in line with the rest of the North American food and beverage market. Kraft’s revenue in the current fourth quarter would be flat to down due to a comparison with the years earlier period when retailers increased orders in advance of a price increase. You read "Conductng a Internal Analysis Within Kraft’s Corporation" in category "Essay examples" Kraft would eventually lose sales of some of its products that it pruned from its portfolio. (Martinne Geller). (February 10, 2009). Intangible Resources 1. Technical Resources In applications from salty to sweet, the Kraft Food Ingredients technology team did offer ingredient solutions and application technology across a wide range of manufacturing processes. (Ask KFIC). (2010). Leveraging the knowledge of the parent company Kraft, there was an understanding of the basic science of food processing, as well as the art. In the dedicated application labs, Kraft Foods place a special emphasis on developing cost reduction technologies, translating to lower finished product costs for the customer. Kraft’s employers were the leaders in flavor technology and did play a key role in identifying the best ingredient solution for their needs. The employers of Kraft provided onsite regulatory, quality and specification management and offer pilot plant facilities dedicated to developing ingredients for application evaluation. Ask KFIC). (2010). 2. Intellectual Resources In perspective of Kraft’s complete understanding of the entire gamut of business across every employee. Increase in intellectual capital came along with new business ideas better practices. Developing expertise in business management; focusing on making the business to be a pioneer. Creation of staff slots, keeping good employees within the company. Tight Integration: Reduced cost, build brands develop people. (Jennifer Booton). (November 7, 2012). 3. Goodwill Company Profile The value of business goodwill is in the throws of a major revival under the tent of mutual interest and partnership. Amid a global partnering boom, the future value of your business is at stake. Go-it-alone competitive practices are for the scrapbook. (Jennifer Booton). (November 7, 2012). Partnering opportunities created by the communications and distribution revolution along with a global explosion in consumption and production are reshaping the ability of companies to reach larger audiences and acquire value creating resources. A growing number of countries are announcing international business alliances. Small to large enterprises are discovering partners across the global Internet. Nearly any business conference you attend this year is sure to feature passionate evangelists espousing the virtues of strategic alliances and economic goodwill. (Jennifer Booton). (November 7, 2012). Kraft Foods Inc. goodwill also engaged in manufacturing and marketing packaged food products, including snacks, beverages, cheese, convenient meals and various packaged grocery products. During the year ended December 31, 2008, the Company had operations in more than 70 countries and sold the products in approximately 150 countries. The company managed and operated, through two commercial units: Kraft North America and Kraft International Kraft North America which operates in the United States and Canada. On August 4, 2008, the company completed the spin-off of its post cereals business. The brands of the company span five consumer sectors: snacks, beverages, cheese, grocery and convenient meals. (Jennifer Booton). (November 7, 2012). Valuation Summary: †¢Last Updated 10/23/2009 †¢MG Value $11 †¢MG Opinion Overvalued †¢Value Based on 3% Growth $23 †¢Value Based on 0% Growth $14 Market Implied Growth Rate 4. 15% †¢Net Current Asset Value -$19. 44 †¢PEmg 16. 80 †¢Current Ratio 1. 13 †¢PB Ratio 1. 64 (Martinne Geller). (February 10, 2009). Key Data: Balance Sheet – 6/30/2009 †¢Current Assets $11,688,000,000 †¢Current Liabilities $10,303,000,000 †¢Total Debt $18,610,000,000 †¢Total Assets $64,654,000,000 †¢Intangible Assets $13,257,000,000 †¢Goodwill $28,225,000,000 †¢Total Liabilities $40,358,000,000 †¢Outstanding Shares 1,474,970,000 (Martinne Geller). (February 10, 2009). Earnings Per Share – Diluted 2009 (estimate) $1. 93 †¢2008 $1. 22 †¢2007 $1. 48 †¢2006 $1. 71 †¢2005 $1. 72 †¢2004 $1. 56 †¢2003 $1. 96 †¢2002 $1. 90 †¢2001 $1. 17 †¢2000 $1. 38 †¢1999 $1. 20 (Martinne Geller). (February 10, 2009). Earnings Per Share – Modern Graham †¢2009 (estimate) $1. 61 †¢2008 $1. 48 †¢2007 $1. 63 †¢2006 $1. 73 †¢2005 $1. 71 †¢2004 $1. 67 †¢Valuation History: 10/23/09 – Value $11, Actual Price $27. 01, Overvalued Speculative 7/17/09 – Value $10, Actual Price $27. 30, Overvalued Speculative (Martinne Geller). (February 10, 2009). 4. Other (cultural, reputational, strategic alliances)? How will the business acquire goodwill? It is cultivated through the best of practices, such as good governance, customer service, efficiency, branding, pricing fairness, innovation, authenticity, consideration, cooperation, collaboration, thoughtfulness, decency, understanding, trust and community. (Anirban Mazumdar). (Mar 24, 2012). This result is reflected in the valuation of the business reputation as measured by the loyalty of the customer’s base and the reliability, stability and good practices of management and its employees. The dollar amount of Kraft’s good represented the excess price over fair market value that the consumers expected to get at the takeover of the company. (Anirban Mazumdar). (Mar 24, 2012). Alliance minded executives use their goodwill on a daily basis in communicating with stakeholders. Without the consistent expression of goodwill, they knew, it was virtually impossible to sustain a partnering synergy that could build goodwill and benefits all stakeholders. The alternative course would in time result in stagnation. (Anirban Mazumdar). (Mar 24, 2012). Fostering goodwill among the stakeholders prepared their organization for partnering. The commitment to goodwill created change and built value. Apply goodwill on a daily basis. It may be your most powerful strategy in preparing for, processing and succeeding in the formation of alliances. To develop a continuous UVP plan extends your alliance road map by duplicating your forecast calculations to include all potential alliances you foresee into the future. How far can you go using this strategy? If possible, don’t stop until you’re able to imagine this process reaching a global scale or an exit strategy. Finally, your alliance plan must weigh alliance costs and risks against the benefits/costs/risks of alternative strategies. (Anirban Mazumdar). (Mar 24, 2012). Whether your enterprise takes the role of a marketer or a supplier, you should consider formulating a phased in partnership plan containing a list of target partner prospects, financial validations, and a timeline and undertake a marketing initiative aimed at shaping a receptive and synergistic relationship with partner executives and operational teams. Executing the plan is your next challenge. Don’t hesitate to seek help in developing your plan and making it happen. (Anirban Mazumdar). (Mar 24, 2012). Early 21st Century: Integrating Nabisco into Kraft Foods Inc. and an IPO Philip Morris completed its acquisition of Nabisco in December 2000 and immediately began integrating the Nabisco operations into those of Kraft Foods and Kraft Foods International. In March 2001 Philip Morris created a new holding company for the combined operations known as Kraft Foods Inc. The previous Kraft Foods was renamed Kraft Foods North America, giving the new Kraft Foods two main units: Kraft Foods North America and Kraft Foods International. The two CEOs of these units were, Betsy D. Holden and Roger K. Deromedi, respectively, however, they were also named co-CEOs of Kraft Foods Inc. In June 2001 Philip Morris sold a 16. 1 percent stake in Kraft Foods to the public, retaining the remaining shares. The second largest IPO in U. S. history, the offering raised $8. 8 billion, which Philip Morris earmarked to reduce debt it had incurred in acquiring Nabisco. (Kraft Foods Inc. History). (2002). As it was integrating Nabisco and attempting to meet the anticipated annual cost savings of $600 million by 2003, Kraft Foods also began divesting some of the marginal brands it had acquired in the takeover. By late 2001, the company had announced that it had reached an agreement to sell the Farley’s and Sathers confection brands as well as its Mexican pasta business, which included the Yemina and Vesta brands. Additional divestments were expected for Kraft, which as one of the top two food companies in the world with revenues approaching $35 billion could be very choosy about which brands to retain in its very powerful portfolio. (Kraft Foods Inc. History). (2002). Dorria L. Ball is the senior director of Human Resources, Beverages, for Kraft Foods, headquartered in Tarrytown, NY. In her role, Ms. Ball and her team are responsible for developing and leading the implementation of all human resources strategies and activities in support for all Beverages Business unit functions from marketing to manufacturing. Ms. Ball has worked as an employee with Kraft Corp. for over 18 years in Sales Management, where she held numerous assignments of increasing responsibility, calling on customers and leading teams. She transitioned into human resources in 1994 and has since held a variety of human resources generalist and specialist assignments across a number of functions and business sectors. Most recently, Ms. Ball became the Senior Director of Global Diversity and Work Life, where she was responsible for developing and implementing the Global Diversity and Work Life strategy for Kraft Foods worldwide. Dorria L. Ball). (Feb. 2007). Further, Ms. Ball is one of the founding members of ASCENT, and was formerly on the Conference Board’s Council on Workforce Diversity, the Thurgood Marshall Scholarship Fund advisory board, the steering team of the William J. Clinton Foundation’s Harlem Small Business Initiative, and the Boston College Global Workforce Roundtable Steering Committee. In addi tion, Ms. Ball is a member of Alpha Kappa Alpha sorority and the Abyssinian Baptist Church. (Dorria L. Ball). (Feb. 2007). Distinctive capabilities are those competencies possessed by a firm that cannot be copied or can be replicated only with great difficulty or resources. Determine the distinctive capabilities of the Kraft Foods Company as it relates to as many of the following as you can: 1) Architecture An American food favorite, Kraft Macaroni Cheese Dinner has been serving up smiles since 1937. Long highly relevant and visible, Kraft Foods wanted to ensure its brand was differentiated and that it would reach its full potential moving into the future. Over the years it had also created a range of Macaroni Cheese sub-brands that fragmented its core brand. Macaroni Cheese, Easy Mac, and Deluxe were all highly successful, but would benefit from a more prominent association with Kraft Foods. In summer 2009, the Kraft Macaroni Cheese team approached Landor with a challenge: to refresh and contemporize its look, help differentiate itself better from competitors, and visually streamline its portfolio of over 50 Macaroni Cheese products. (Landor Associates). (June 2011). Kraft’s brand promise was to bring smiles to everyone’s faces, and through research, it learned that it owned several compelling equities in customer’s minds: happy, smiles, and joy. Inspired by these emotions, the company arrived at the metaphor of a county fair just like a day at the fair Kraft Macaroni Cheese is a source of all American joy for the whole family. Drawing from the county fair metaphor, a new designed a new brand identity and packaging. The concept was further brought to life through improved brand architecture that united the portfolio of Kraft Macaroni Cheese sub-brands under one brand promise, Landor’s visually unified them, and emphasized their connection to each other and Kraft Foods. Landor Associates). (June 2011). To help establish proprietary equities, Kraft Foods applied to register their design as a trademark. Although other macaroni and cheese brands used blue and yellow on their boxes, Kraft’s packaging, architecture system, and identity reclaim the colors as that of Kraft Macaroni Cheese. Kraft Macaroni Cheese redesign succeeded in strengthening and reclaiming the brand’s visual equities, differentiating it from private label, and creating a strong master brand to unite three disparate sub-brands. Our packaging and noodle smile identity provided the basis for the Kraft Macaroni Cheese integrated marketing campaign, which in 2010 helped drive gross revenue up 3. 8 percent, increased dollars by 9 percent, and raised its overall market share by 0. 4 points. (Landor Associates). (June 2011). 2) Reputation, and The absence of well-established laws governing social media communications make it challenging for companies to contest reputation damage on Facebook. However, this shouldn’t stop them from putting a proactive social media reputation strategy in place. Leading food and beverage corporation, Kraft Foods Inc, has put in place a 6 pronged strategy to address various kinds of reputation risks on Facebook. . (John Paulo Cardoso). (Mar 28, 2012). We’ve summarized Kraft Foods’ Facebook reputation management processes in the graphic, below: . (John Paulo Cardoso). (Mar 28, 2012). Kraft Foods reputation risk management strategy includes both at internal employees and external stakeholders. A typical risk management process is as follows: †¢Kraft Foods’ Social Media team takes ownership of all its postings as detailed in its Facebook posting rules this provides clarity of ownership and helps ensure a standard, congenial conversation. †¢Kraft Foods’ Social Media team continuously monitors Facebook postings for negative sentiment, profanity, and hateful comments – these trigger an immediate damage control response. †¢Once a risk event is detected, the Social Media team uses a Crisis Potential Questionnaire consisting of 15 questions, to determine the severity of the reputation risk event. This helps the company to decide on the de-escalation time frame, and channels of de-escalation. . (John Paulo Cardoso). (Mar 28, 2012). †¢Kraft Foods’ Social Media team uses a Social Media escalation document to direct resolution steps to the correct internal stakeholders, and prescribes the course of action for various reputation risk events. †¢In times of crisis, the Moderator on the Social Media team checks any communication which goes out on behalf of Kraft Foods, to ensure it accurately represents the company’s point of view. However, if a sustained and malaise reputation risk persists despite the company’s best attempts to alleviate it, the Social Media team consults the legal department for possible legal recourse. . (John Paulo Cardoso). (Mar 28, 2012). 3) Innovation. There are no red flags with Kraft’s new name change. On Aug. 4, 2011, Kraft Foods Inc. announced plans to divide and create two independent public companies: a high-growth global snacks business and a high-margin North American grocery business. And now on March 21, 2012 they announced its plans for its snack food corporate name as Mondelez International, Inc. IBM). (30-Jun-2010). What this demonstrates is that the company truly understood the strength of its brands and how they have built a relationship with customers. And now they were using this knowledge to manage the branding of its new independent company to leverage the platform â€Å"make today delicious. † The move to invent a new word and taking the time to let everyone know the phonetic spelling is the right thing to do for a multinational conglomerate rather than trying to leverage one of its current brand names. (IBM). (30-Jun-2010). The Chairman and CEO Irene Rosenfeld had said that he would be implementing a new global snacks company, looking for a new name that would serve as an umbrella for their iconic brands, reinforce the truly global nature of this business and build on our higher purpose to make today delicious. Mondelez captured a perfect idea of a delicious world and saying that it would serve as a solid foundation for the strong relationships. Kraft Foods Inc. brands knew how to build relationships with its customers and now applying it to the market and their investors. (IBM). (30-Jun-2010). REFERENCES: Denise Dickins, Margaret O’Hara, John Reisch. 2009). Frameworks for establishing and evaluating internal controls: a primer and case study. Journal of Case Research in Business and Economics. Kraft Foods Group to Replace Alpha Natural Resources In S 500. (Nov. 7, 2012). http://www. nasdaq. com/article/kraft-foods-group-to-replace-alpha-natural-resources-in-sp-500-20120925-01231#. UJswqGcyCSo Je nnifer Booton. (November 7, 2012). Kraft Foods Posts Strong 3Q Profit After Spin-Off. FOXBusiness. http://www. foxbusiness. com/industries/2012/11/07/kraft-foods-posts-strong-3q-profit-after-spin-off/ IBM. (30-Jun-2010). Kraft Foods builds on success to How to cite Conductng a Internal Analysis Within Kraft’s Corporation, Essay examples

Stereotype Anzac Heroes Portray and Idealize

Quesion: Discuss about the Stereotype Anzac Heroes Portray and Idealize. Answer: Introduction: The Australian and New Zealand Army Corps soldiers-Anzac Heroes is an element in Australian narration. They are the soldiers that fought at the First World War. The citizen soldiers in the Australian Imperial Force (AIF) at Gallipoli when combined with the New Zealand troops present at the Western front formed the Anzac heroes. These volunteers defied the military powers and their rules to form the new Federation (Waterhouse 2000). They also fought to undermine the British forces and their authorities risking their lives for the service of the Federation. The Anzacs are the modern Australian identity as they have been transformed into brave, heroic soldiers marking the April 25 as the Anzac Day in Australia (Secomb 2003). They are marked as the Australian identity and remembered as they fought for the independent Australia. About 9 out of 10 Australians strongly support the Anzacs being associated with the national identity. According to Force and Corps 2007 the Anzacs are the main element of national identity and national pride. The argument lies that the Anzacs have overpowered the other significant events of the Australian history. It also highlights the truth behind the legend being associated with national Australian identity, the gap in knowledge and the underlying reasons for the formation of the nations. It argues that throughout the national Australian history, security played a strategic role dominating the successive government. It states the identity drawn between the national identity in Australia and the foreign policy. The Anzacs fought for the nation reflected by their heroism and bravery. There is also an argument regarding the battle fought at the Gallipoli led to the formation of the Federation and the nation. The Anzac Day is studied from the Peace and Conflict point of view making the creation of the nation. There are many myths related to the Anzac Day arguing whether the day is cel ebrated to mark the Australian identity. In contrast to the thesis statement, Anzac heroes mark the national Australian identity as they sacrificed their lives for the formation of the Federation and a new nation. The fought under their own flag forming the Federation in 1901 and the national identity is associated with the Gallipoli battle fighting in the international arena. According to Smith 1988 in the article mentioned that the concept of nationalism lies in the mankind divided into the nations and every individual being part of the nation. However, with the progress of generations, people are losing their identities and the sacrifices made for the nation. The patriots and nationalists who succeeded in forming the nation and making bonds outside the boundaries are the true heroes posing a way to national regeneration. Drawing conclusion from this article, it could be stated that the concept of national identity also lies in the patriots and heroes who sacrificed their lives for the nation and in forming a free nation. The Anzac heroes are associated with the national Australian identity as they fought for the formation of the new Federation. They have a note worthy impact being the modern national Australian identity as their courage, valor, commitment, honesty throughout the war place them at the epitome of national heroism. The young men transforme d themselves independently under their own flag into brave soldiers. The Anzac tradition made an independent Australia at the Gallipoli war harnessing as a marker in the view of national values and in providing the legitimacy to foreign policies. The Anzacs fought for the independence of the nation rather than any political or socioeconomic background or king and empire. The issue lies in the context of symbolizing the Anzac Heroes as national Australian identity and marking the April 25 as the Anzac Day in Australia and New Zealand. The Anzac Heroes are associated with the national identity as they have transformed themselves into brave, courageous soldiers who have fought for the independence of the nation and in forming a nation Australia (Ang and Stratton 1998). The troops of New Zealand and Australia combined to become the Anzac Heroes fought for their independence. The Anzac Heroes are associated with the national Australian identity transforming into brave, forfeit and faithful soldiers who fought for the nation to form Federation and an independent Australia. The preview points states that the Anzac soldiers are a symbol of national Australian identity and in the memory of their sacrifice; April 25 is celebrated as the Anzac Day. The Anzac Heroes not only consisted of brave men but also Australian servicewomen towards the approach of Federation formation marked in the Australian history (Nation 1997). The sacrifices of the Anzac heroes are appreciated and their contributions in freeing the nation and creating a society that people are enjoying today. Australia and New Zealand remembers the Anzac Heroes for their sacrifices at the battlefield of Gallipoli, Turkey during the First World War. They are the founding heroes fought selflessly in the allied attack at the Gallipoli field, Turkey. The preview points are clearly related to the proposed thesis statement that states the stereotype Anzac heroes being the Australian national identity. The Australian national identity is the shaping of the Australian nation through citizenships, values and symbols: national symbols, freedom and democracy, British colonization and heritage possession. The Anzac heroes sacrificed their lives in combat to free the nation and form a new Federation. The April 25 is celebrated in Australia and New Zealand as the Anzac Day to relive the spirit of the heroes and their sacrifices. Many servicewomen also give up their lives in the Gallipoli battlefield in Turkey to free their nation (Schaffer 1988). The Anzac Day is the most important occasion in Australia and New Zealand and holds a special place in the hearts of the Australians. They are considered as the founding heroes as they led to the foundation of a free nation and a new Federation. They were selfless in their sacrifices during their fight against the British colonization during the First World War (White 1981). Therefore, it could be restated that the stereotype Anzac Heroes are associated with the Australian national identity fighting dauntlessly marking the establishment of a free nation and a new Federation. References Ang, I. and Stratton, J., 1998. Multiculturalism in crisis: The new politics of race and national identity in Australia. TOPIA: Canadian Journal of Cultural Studies, (2). Force, M.E. and Corps, V.I.I., 2007. August 9 5 Order of Battle.The Landings at Suvla Bay, 1915: An Analysis of British Failure During the Gallipoli Campaign, p.172. Nation, C., 1997. Australian Film and National Identity in the 1990s. The Politics of Identity in Australia, p.185. Schaffer, K., 1988. Women and the bush: forces of desire in the Australian cultural tradition. Cambridge University Press. Secomb, L., 2003. Interrupting mythic community.Cultural Studies Review,9(1), p.85. Smith, A.D., 1988. The myth of the Modern Nationand the myths of nations.Ethnic and Racial Studies,11(1), pp.1-26. Waterhouse, R., 2000. Australian Legends: Representations of the Bush, 18131913.Australian Historical Studies,31(115), pp.201-221. White, R., 1981. Inventing Australia: Images and Identity, 1688-1980 (No. 3). Allen Unwin.