Analysis of Current Event at Telstra Essay Example for Free

Analysis of Current Event at Telstra Essay Management issue is a common phenomenon that an organization attempting to maximize profits must grapple with. Telecommunication as it is the case with Telstra Corporation Limited has been distinguished by highly competitive market. On the same breath, actors and competitors on the market have been seen struggling with the increasing cost of operation, production, development and mature market. In light of this, the Company faces management issue when it comes to decision making, integrating new models and working within the realm of theoretical frameworks. ResearchMoz (2013) notes that in an industry where competition is rife, analysis of a company’s management issues and current events encompass the recognition of different strategies that enable it maintain competitive position. Despite these positions, it has to be recognized that analysis of management issues of Telstra Corporation Limited must first recognize the position of the Company with regard to managing risks as postulated by the Company’s Chief Risk Office (Schermerhorn et al., 2014). Ideally, Telstra Corporation Limited has Corporate Social Responsibility (CSR) to undertake and as one of its management issue or strategy. Consequently, such must be conceptualised through its laid platform, structure, financial reports and annual reports. Similarly, evidence based researches have shown that the first step in understanding management of a company is to integrate its undertaking when it comes to CSR and how sustainable the Company intends to operate with regard to the environment, competitors and specific objectives (Millmore, 2007; Hubbard, 2008; Bardoel, 2012). Based on the Company’s Corporate Social Report 2014, its CSR is embedded on four critical issues; internal environment, external environment, customers and sustainability (Corporate Social Responsibility Report, 2014). That is, the commitment of the Company towards corporate responsibility starts with simple but straight forward commitments that cover its areas of operations and targeted objectives. F rom its principled perspective, the primary corporate responsibility can be summarised as follows: Provision of the country a foundation that ensures economic growth, sustainability prosperity, productivity improvement and global competitive Contributing towards resources; increasing technology, product services and people in employment to support the communities in which the Company operates and the specific needs of community at large Give a leading stewardship of environment by first and importantly, conservation, efficiency in the usage of resources, reducing and maintaining environmental footprint and reduction of operation costs (e.g. it took part in the Mobile Phone Recycling Program that was co-ordinated by the Australian Mobile Telecommunications Associations (AMTA) (Daley et al. 2014) Based on the Company’s corporate social responsibility as one of the management issues and as reported in the article, there is an integration of new management approach and that is the fact that risk management approach has been tailored to facilitate maximization of profits. Conversely, it can be established, based on its business principles and risk management approaches that the CSR has succeeded in the reduction of any adverse effects on and injury to the environment. Such is also embedded on the desire to preserve the beneficial qualities of the environment, while ensuring quality products and services in Australia (Baigh, 2014). In addition, to the above principles, analysis of the company’s management of this particular issue has also considered profits to the Company thus concluding that Telstra is revamping on this particular management strategy which is succeeding in line with its short and long term goals. To conceptualise this argument, scholars such as Hooper and Potter (2006) have drawn a thin line between CSR as a management issue and as a marketing issue. To ascertain that the CSR approach as contextualized is a management issue but financial or marketing issue, in most cases, companies always engage in pricing strategies which also depend on value pricing coupled with strategic markdowns. In such cases, this makes sales of their products to go down since it cannot compete effectively with other products. Additionally, products face what Hamlin (2012) terms as ‘a society of shifting priorities’ (p.281). Therefore there is pressure to keep up with the emerging social needs by style modification. It is for this reason that any decision to modify must be embedded on the premise to meet the needs of the targeted consumers. While the explanation above provides for what would constitute a marketing issue, what Telstra engages in is management issue. According to Johnson et al. (2011), CSR is not only management issue but a current one the sense that it deals with financial performance, top management, chief executive and shareholders. Herewith, the management issue within the context of Telstra is the responsiveness that should be taken because in a competitive environment where there are other operator s such as Huawei and Vodacom, managers are supposed to intervene in accordance with their position and power, especially where management can fail to respond to economic challenges and changes. Also related to CSR as a marketing issue is ethical decision making approaches. According to the article, the process of identification of managing risks through ethical decision making is an integral part of the Company’s governance framework and management issue which help in the realization of the success of the strategy as well as financial prospects for future operations. Telstra business ethics entails standards and principles that guide managers, individuals and work group behaviour in line with telecommunication and terms of service in Australia. Additionally, it is important to note that stakeholders of the Company make these conventions (principles) and such have been codified as regulations and laws. Contextualising this definition within the frameworks business management issue; ethical decision making help Telstra family design strategies that eliminate misconduct. According to Peng (2014) there are three significant components that sum up its ethical decision making as critical management issue; ethical decision making being individual factors, ethical decision making being Company’s relationship with others and ethical decision making being opportunities available for the Company. Basically, while this issue might to be seen as revamp on a current management strategy, it has been applied successfully since the Company bases the three components on behaviourist theory where what matters is what individuals in the Company can do rather than specific quality or attribute. That is, different patterns of individual b ehaviours are linked to ethical decisions that are made by the Company and such are geared towards the realisation of the goals and objectives that have been set by the Company. To contextualise the success of the Company with its approach of ethical decision making as one the management issue, Perren and Burgoyne (2010) report that Telstra has been engaging with Communication Workers Union with a view to offering better terms of service and transparency in supply management. For instance, in 2013, the Company engaged Low-Income Measures Assessment Committee (LIMAC) (this is an example of Communication Workers Union which is viewed as independent and transparent) which made changes to the package the Company was initially giving to its workers and suppliers. In connection to this, the Company, this particular issue has successful been engaged in what Katzenbach and Smith (2005) term as ‘vertical management’ (p. 37). Vertical management within the context of ethical decision making is a case where a Company liaises with regulatory organization so as to have a common agenda and conform to the requirements of the industry. Conceptualist theorists a nd ethical formalism argue that ethical decision making process in management encompass evaluations of fairness product stewardships but with respect to firm’s overall culture. In summary, with ethical decision making process as one of the management issue, Telstra has a well-defined management and leadership structure which is focused on the achievement of defined objectives including ‘green’ managements. Lastly, this issue departs from being finance or marketing issue on the ground that the approach lacks market orientation is a model that concretizes the strategy of finance and marketing. Senge et al. (2007) define this theory (market orientation) as a strategy that ensures all products and services as undertaken by Companies are oriented towards specific demands of clients and customers. Still on ethical decision making as one of the Company’s management issue or approach, Telstra’s planning, leading, organising, controlling and functioning is based on choices made on guidelines laid. According to article, one of the important issues to not is that the Company’s risk management frameworks are aligned with ISO 31000 Risk Management (Baigh, 2014). While this is an indicator of a management strategy or practice that has succeeded, underpinnings of theories of issue management are significant to the Company additionally; technical and commercial objectives remain axis for the Company. The success in management of this issue is conceptualised with regard to audience or customer satisfaction. This is to mean that in as much as its ethical decision making remains a priority as a management issue, targeted markets shapes such prioritiesan aspect Aras and Crowther (2009) terms as ‘ascertaining the success of management strategies and policies in dow nstream and upstream relationships’ (p. 213). From Michael Patterson (Telstra’s General Manager for Tasmania) statement on the legal battle the Company had with Optus, it can be realized that the Company’s planning, leading, organising, controlling and functioning are in line with the tenet of management of telephony inputs and components that are required in the market. This is an indication that there is long term transparency and conformity to good practices. Assessing Corporate Social Report 2013 vis-Ã  -vis opening of the China’s SouFun Sensis, there is evidence that efforts are diverted to supply chain relationships with third party suppliers as well as other competitors. It is important to note that Telstra is overemphasizing on CSR strategies; an aspect that may affects its ethical decision making. If this stretches beyond what the Company can handle, strategic alignment with other sectors may be affected. Basically, this is where this strategy differs from the aspect of marketing in the sense that according to the theory of signaling, the best way to market a product is to engage a brand or product in competitive signal that are intended to pass information to potential consumers with an aim of making such consumers believe that competing products are substandard (Cole, 2012). This is exactly how Cadbury for instance has succeeded in capturing the attention of their targeted market every time they engage in marketing. Telstra, through this does management and not marketing as they do not engage in competitive signaling. As a management approach, Telstra looks at ethical decision making differently. That is as a management issue, ethical decision making is seen in terms of transparency when it comes to critical corporate accounting and statements. One of the critical goals of the Company is to attain what it terms as ‘front-line management’ (Baigh, 2014 p.26). The benefits of the people within and around have been necessitated through avoidance of misleading information. The continuum of growth in economy resonates around a transparent business operationwhich is also a recipe of what this assessment considers to be a successful management approach. Synopsis on the Management Issue From the perspective of undertakings in the Company, the aspect is a management issue in the sense that it analyses the environment issues in lieu of external factors that impact business activities. On the other hand, the purpose of the management issues as analysed is to evaluate and determinate competitive advantages as well as threats a Company has with regard to its operations. These analyses recognise stiff competitions, threats and opportunities faced by companies such as Optus, Vodafone and 3 Mobile. In as much, this analysis considers Telstra due to its cutting edge when it comes to services such as broadband, hosting, directory and pay TV which are not as extensive in other companies. Since the management issue has been a success, revamping of a current policy is twofold; first, there is need to strategize the management issue identified to an extent that the company benefits from the economies of scales and the strong relationships with suppliers, which will place it in a strong bargaining position with its upstream partners and allows leveraging the costs. Strategizing the management issue to attain this goal means that a focus on customer-relationship and loyalty creation, as well as investment in research and technical development (RD) to reduce the costs of services so as to compete with niche operators. Secondly, revamping on the current management issue must assess the possibility of working alongside its downstream partners to deliver triple-play solutions in voice, data and video services, expansion of data download quotas and continuous innovation in fixed line services, as opposed to mobile services, to offer incentives to its clients. Similarly on the question of whether Telstra is handling the identified management issue appropriately is manifold but the assessment will review two issues that offer succinct answers to the question. First, proper management of a company circles around how best a company maximizes a profit and expands networks (ResearchMoz, 2013). Through the management issue, Telstra has leveraged the risks of economic downturns by diversifying its income channels. The growing domestic market and the boost in 4G technologies enable further market penetration and help to reduce the pressure of external factors. Secondly, the Company through the management issue has pursued an investment heavy strategy to grow its existing network. However, financial indicators, outline a challenging internal environment in terms of liquidity and internal funding options. References Aras, G. Crowther, D (2009). Global Perspective on Corporate Governance and CSR. Farnham: Gower Pub. Baigh, H. (2014). Seven Strategies for Simplifying Your Organization. Harvard Business Review. Retrieved from http://blogs.hbr.org/2013/05/seven-strategies-for-simplifyi/ Bardoel, A. (2012).Tool or Time Thief? Technology and the Work-Life Balance. Retrieved Cole, K. (2012). Management: Theory and practice. Australia: Pearson. Corporate Social Responsibility Report (2014): Understanding the Definition of Corporate SocialResponsibility: http://www.telstra.com.au/abouttelstra/download/document/csr.pdf Daley, J., McGannon, C., Ginnivan, L. (2012). Game-changers: Economic reform priorities for Australia. Melbourne: Grattan Institute from The Conversation, Future of Work: https://theconversation.edu.au/tool-or-time-thief-technology-and-the-work-life-balance-8165 Hamlin. R. (2012) Towards a Universalistic Model of Leadership: a comparative study of Britishand American empirically derived criteria of managerial and leadership effectiveness. Working paper WP005/02, University of Wolverhampton. Hooper, A. and Potter, J. (2006) The Business of Leadership. Aldershot: Ashgate Publishing Company. Hubbard, G. (2008). Strategic management: Thinking, analysis, action. Australia: Pearson. James, K. and Burgoyne, J. (2001) Leadership Development: Best practice guide for organisations. London: Council for Excellence in Management and Leadership. Johnson, G., Scholes, K., Wittington, R. (2011). Exploring Strategy: Text Cases. (9th ed). London: Prentice Hall. Katzenbach, J. and Smith, D. (2005) The Wisdom of Teams. New York: Harperbusiness. Millmore, M. (2007). Strategic Human Resource Management: Contemporary Issues. Harlow: Financial Times, Prentice Hall. Peng, M. (2014). Global Strategy (3rd ed.). Mason, OH: South-Western Publishing. Perren, L. and Burgoyne, J. (2010) Management and Leadership Abilities: An analysis of texts, testimony and practice. London: Council for Excellence in Management and Leadership. ResearchMoz. (2013). Australia Telco company profiles Telstra, Optus and Vodafone. Retrieved from http://www.researchmoz.us/australia-telco-company-profiles-telstra-optus-and-vodafone-report.html Schermerhorn, J.R., Davidson, P., Poole, D., Woods, P., Simon, A., McBarron, E., (2014). Management (5th ed.). Australia: Pearson Senge, P., et al. (2007). The dance of change: The challenges of sustaining momentum in learning organizations. London: Nicholas Brealey Publishing. Source document

The Curse of the Hemingways Essay -- Exploratory Essays Research Paper

The Curse of the Hemingways â€Å"Can someone be predisposed to be suicidal?† That is the question that plagues many Hemingway scholars, and indeed it seems that it exists in the Hemingway lineage. Ernest Hemingway’s family tree is dotted with suicides and sudden tragic deaths, too many occurrences for one to merely disregard such tragedies as coincidence. Some believe that there exists the so- called â€Å"curse of the Hemingways,† a way to explain the many deaths within the Hemingway family due to drug overdose or self-inflicted gunshot wounds. Ernest’s case is the most well known, but suicide also struck his father, sister, brother, son, and granddaughter. The suicides among Ernest’s parents and siblings family are numerous. Clarence Hemingway, Ernest's father, killed himself in 1928. Clarence was fervently religious, providing much of Ernest’s moral education in his younger years. However, Clarence battled depression and diabetes, and in the end shot himself in the head on December 6, 1928. Ernest’s closest younger sister, Ursula, suffered from cancer and bouts of depression, and killed herself in a drug overdose on October 30, 1966. Ernest’s brother Leicester was the youngest in the family, the only other male after Clarence’s sudden death. He was a writer like Ernest, but depression and diabetes gripped him and Leicester shot himself on September 15, 1982, after finding out he needed to amputate his legs. The rest of Ernest Hemingway’s family also has had a share of sudden deaths and suicides. Ernest’s second wife, Pauline Pffeifer Hemingway, died suddenly of abdominal pain and internal bleeding. He had lived with her for 13 years and had two children together, Gregory and Patrick. Gregory Hemingway lived a tragic, wretch... ...9/hemingway/stories/biography/index.html - I took from this site the date and causes of death for Leicester, Ursula, and Pauline Hemingway. http://www.timelesshemingway.com/familytree.shtml This site contained the family tree of the Hemingways. http://www.cvc3.org/modelcourses/mrogoff/Macomber.html#SUICIDE%20IN%20THE%20HEMINGWAY%20FAMILY: This site listed the members of the Hemingway family that committed suicide. http://www.advocate.com/html/stories/851/851_hemingway.asp -This site had information concerning Gregory Hemingway’s life and death. http://www.cnn.com/SHOWBIZ/9608/20/hemingway.suicide/ This site had information on Margaux Hemingway. http://www.cigaraficionado.com/Cigar/Aficionado/people/fa899.html This site contained the most information on Ernest of any other website, where I gleaned the history of his accidents and his alcoholism.

Business information system Essay

1. What might have happened to Apple if its top executives had not supported investment in iPads? If the top executives had not supported investment in pads, the new product will be known by less people. Without investment in iPad, people will not receive the information of new technology. 2. Why would it be unethical for Apple to sell its iTunes customer information to other businesses? The customer’s information is about personal privacy, any company can’t sell customer’s information without their permit. 3. Evaluate the effects on Apple’s business if it failed to secure its customer information and all of it was accidentally posted to an anonymous website. The customers will not trust apple again, and they will not leave personal information on iTunes. This will influence Apple that people will not use apple store for purchasing. If the security problem let customer’s credit card information been stolen, Apple will response for that. 1 Do you agree or disagree that Apple’s iTunes, iPhone applications and iPad applications give the company a competitive advantage? Be sure to justify your answer. Yes, I agree with that. One of the main factors that brought Apple back from near oblivion was its ability to produce, market, and sell IT products such as the iPod, iPhone, and customer developed applications. If Apple’s top executives did not have the foresight to view the MP3 players as a competitive advantage, then chances are the company would not have made a strong comeback in the highly competitive electronics market. People who got iPhone, iPad, they will go to Apple’s store to download and buy the application. Other company can only develop application to Apple; they can’t sell or provide their application to customer directly. This is a big advantage for Apple. 2 Why are data, information, business intelligence and knowledge important to Apple? Give an example of each type in relation to the iPad. Data are raw facts that describe the characteristics of an event or object. Before the information age, managers manually collected and analysed data, a time-consuming and complicated task without which they would have little insight into how to run their business. Lacking data, managers often found themselves making business decisions about how many products to make, how much material to order, or how many employees to hire based on intuition or gut feelings. In the information age, successful managers compile, analyse, and comprehend massive amounts of data daily, which helps them make more successful business decisions. Examples include: Sales date, Quantity sold, Cost, Sales price, Total profit, Shipping address, Customer address, Wireless type, Memory amount, Colour. Information is data converted into a meaningful and useful context. Having the right information at the right moment in time can be worth a fortune. Having the wrong information at the right moment; or the right information at the wrong moment can be disastrous. The truth about information is that its value is only as good as the people who use it. People using the same information can make different decisions depending on how they interpret or analyse the information. Thus information has value only insofar as the people using it do as well. Business intelligence (BI) is information collected from multiple sources such as suppliers, customers, competitors, partners, and industries that analyses patterns, trends, and relationships for strategic decision making. BI manipulates multiple variables and in some cases even hundreds of variables including suc h items as interest rates, weather conditions, and even gas prices. For instance, BI can predict inventory requirements for a business for the week before the Super Bowl if, say, the home team is playing, average temperature is above 80 degrees, and the stock market is performing well. This is BI at its finest, incorporating all types of internal and external variables to anticipate business performance. Knowledge includes the skills, experience, and expertise, coupled with information and intelligence that creates a person’s intellectual resources. Knowledge workers are individuals valued for their ability to interpret and  analyse information. Today’s workers are commonly referred to as knowledge workers and they use BI along with personal experience to make decisions based on both information and intuition, a valuable resource for any company. 3 Analyze Apple using Porter’s Five Force model. Apple’s buyer power was low when it first introduced the iPod since it was first to market with the product. Now, there are many competitors to Apple’s iPod and its buyer power is increasing since customers can choose from many different manufacturers of MP3 players. Apple’s supplier power was high and now it is decreasing since buyers have many choices of whom to buy from. Apple can use environmental scanning, or the acquisition and analysis of events and trends in the environment external to an organization, to analyse rivalry. Apple can use environmental scanning to analyse everything from competitor strategies to understanding new and shifting market trends to determining the strategic placement of Apple stores. Without watching its environment and understanding what its competitors are doing and where the market is headed, Apple will have a difficult time setting its strategic direction, as Steve Jobs determined when he thought he had missed the MP3 bandwago n. 4 Which of the three generic strategies is Apple following? Apple follows a focused strategy. 5 Which of Porter’s Five Forces did Apple address through its introduction of the iPhone? Apple decreased the power of its buyers and increased its own supplier power by introducing the iPhone. Since the iPhone was the first to market with an internet access, data storage, MP3 player, etc., its buyers had no power and no choice but to purchase the product from Apple. Unfortunately, Apple could not create an entry barrier and soon many other companies began offering integrated cell phones, which increased buyer power and reduced supplier power. 6 Which of Porter’s Five Forces did Apple address through its customer-developed applications? Apple decreased the power of its buyers and increased its own supplier power by introducing customer developed applications. Since the iPhone was the first to market with an internet access, data storage, MP3 player, which could all accept customer developed applications, its buyers had no power and no choice but to purchase the product and the applications from Apple. Unfortunately, Apple could not create an entry barrier and there are more and more companies offering customer developed applications such as Google and its Android operating system.

Disney Vs. Reality Disney Versus Reality - 1320 Words

Disney versus Reality When one says the name Pocahontas, the most likely image that comes to mind is of that one Disney created nearly twenty years ago. Tall, super model body with long ebony hair worthy of a L’Oreal commercial, in a short cocktail dress with a typical Native American theme to it. She is eighteen and just met John Smith; a twenty one year old Englishman with golden hair and a body of a Greek god. At least, that is what Disney’s version of Pocahontas had happen, and if he were around at the time, John Smith would wholeheartedly agree. The truth could not be any further in the opposite direction of what the directors of Disney’s Pocahontas had in mind when they first concepted the future film that would trick the minds of many children across the United States. To Pocahontas’ and Smith’s age, appearance, and personality, to the events leading up to their first meeting and what happened afterwards, Disney took their own liberties with it and went for it. Pocahontas is a pretty name, almost rolls off the tongue. It’s a shame however, that that is not her real name. Her actual name is really Matoaka, while Pocahontas was just a nickname for the young daughter of Chief Powhatan, meaning the naughty one or spoiled child, which can lead to some negative perceptions of Matoaka (Kelso). Her name is not the only misconception that Disney emphasis, like her age for example. The animated film depicts her at the age of eighteen, but in actuality she was twelve at theShow MoreRelatedThe Lion King ( Film )1038 Words   |  5 PagesThe Lion King (FILM) This Disney animated film follows the adventures of the young lion Simba, the heir of his father, Mufasa. Simba s wicked uncle, Scar plots to usurp Mufasa s throne by luring father and son into a stampede of wildebeests. But Simba escapes, and only Mufasa is killed. Simba returns as an adult to take back his homeland from Scar with the help of his friends Timon and Pumbaa. 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