See Attachment for Instruction Essay Example | Topics and Well Written Essays - 750 words

See Attachment for Instruction - Essay Example Strategy is a broad concept that has received a number of definitions from various scholars. For instance; a scholar known as Andrew defines strategic planning as a firm’s process of its strategy, decision-making or directional definition with regards to its resource allocation. He adds that it also broadens the control aspects of mechanisms that guide the strategic implementation (Toronto, 1991). It became prominent within various corporations at around 1960s and has remained as an essential managerial aspect. On the other hand, Liddell reiterates that strategy entirely refers to the art of distribution and application of the military means so as to duly fulfill the policy ends. Deleting "military" from his definition eases the transfer of the strategic concept into the business environment. Corporate strategy refers to a company’s decision-making pattern that reveals and determines its purposes, goals, or objectives, produces the key plans and policies for achievement of those goals, as well as the definition of a business range that is pursued by a given company, the form in which human and economic organization is or maybe intends to, and the ultimate nature of non-economic and economic contribution that it is intending to formulate to its employees, shareholders, communities, and customers (Ottawa, 1989) According to a scholar known as Mintzberg, strategy is a means of moving from one point to the other. On the other hand, he reiterates that strategic planning can also be taken to mean setting up of a time-based operational structure, the position, as well as the perspective that dictates an organization’s visions. He continues asserting that the emergence of a strategy is due to the collisions of various intentions in order to accommodate the targeted reality. Andrew’s definition on the other hand tends to anticipate Mintzberg’s attention with regards to pattern, perspective, and plan. He also draws a

Internal Policies (Accounting Ethics) Essay Example | Topics and Well Written Essays - 500 words

Internal Policies (Accounting Ethics) - Essay Example The basis of all the policies for having a successful business contract is that of privacy and confidentiality. The details of the clients are not divulged in any way. The draft can be as follows: After potential offers have been received from the external parties for business contracts, our internal department of quality control goes through all the possible nooks or corners of the proposal that verifies the proposal and intention of the clients After the initial verifications, the assigned department of the firm indulges into in-house analysis of the proposed contract and checks all the clauses and subsections. Also, the department looks into the expected benefit of the organisation from the proposed contact Along with the above policies, the most important factor remains that of confidentiality and privacy as sharing intricate, explicit and implicit details of our present future, past or would have been clients are against the ethics practised by our firm Our firms basically use electronic communication system to maintain the two-way flow of communication with their clients and for official uses. We use emails to get their clients’ up – to - date information and details with the present status of their assignments. Various accounting softwares are also used to maintain the accounts of the clients. With the improvements of the technology, nowadays all filling of firms and reporting are being done by the internet. The example of corporate filing can take into consideration which needs online filling with Ministry of Corporate Affairs. Even various forms are to be filled up online. Therefore, the policies for electronic communication of the accounting firms should be strong enough. While assigning a project, the clients always provide some documents and information to the accounting firm. It may be in paper format or electronic format but they have to retain all those document safely. They must ensure that the valuable doc uments