Friday, April 10, 2020
J.P Hayes Essays - East Asia, Geography Of Asia,
J.P Hayes Mr. Bevington English H 20 October 2017 A Nation Born From War The United States of America is a preeminent nation to us citizens who are honored to live and walk on it's surface everyday we wake up. Recently North Korea and their foolish leader have been challenging the pure strength and manpower of the United States armed forces. As U.S citizens we should not stand to let this be okay and pass through our memories while our armed forces stand ready to protect us everyday. We the people of United States of America need not to fear war with North Korea but to embrace it because our nation was created from patriotism which still thrives, we have more men enlisted, and greater firepower on both land and in the air. Our great nation won it's independence from the British by defeating their premier army with a cluster of farmers and regular working class men. In 1776 America and it's people were born from war and still at this very moment we shall be ready for war. If an army made up of untrained and unprepared regular men can defeat the Redcoats, then with our current U.S military we should demolish any adversary. President Donald Trump stated, "Any more threats to the United States will be met with fire and furry like the world has never seen", and as U.S citizens born from war we shall stand behind him. North Korea was in a civil war against South Korea in the 1950's when the land was still known as Korea. The separation of the two happen when an armistice was singed meaning North Korea never won it's independence like America. When the U.S armed forces fight they can stand for those who sacrificed their life in the revolution to liberate America. North Koreans can be patriotic but they can not say that their nation was sparked and won from the idea of patriotism and independence. On the day we first step onto the battlefield against North Korea we should stand shoulder to shoulder as brothers and watch as the enemy fears us. Our great country has 120,002,084 men fit for service at this very moment while the North Koreans only have 10,066,704 men fit for service according to the U.S homeland security. Given these numbers we shall not ease up and loose like the redcoats did to the U.S colonist, but instead we should know that there our eleven times more boots behind our soldier then the North Koreans. The only category of war North Korea has bigger then the U.S is their number of war ships but they still aren't as powerful and long range as the United State's war ships are. The U.S doubles the size of the size of North Korea's war budget, total land power such as tanks, and aircraft power. Not only do we possess more firepower and money then North Korea, but also we have our patriotism on top of that. Rocket Man and North Korea should fear us Americans while we sit back and relax because we have all the power of the world behind us while the enemy has none. For the last time do not back down from any battles but in particular don't back down from the war against the modern era Stalin. We are Americans born from war and war we shall always succeed and fight no matter the odds.
Monday, March 9, 2020
How Good Are Your Communication Skills Essays - Communication
How Good Are Your Communication Skills Essays - Communication How Good Are Your Communication Skills Complete 'How Good Are Your Communication Skills?' assessment available on the Mindtools website. Write a 200- to 350-word summary of your communication quiz score, describing your strengths and weaknesses and how you plan to develop your communication skill set. Additionally, what aspects of communication that were not covered by the quiz do you think are important in professional life? My final score from this assessment was a 57. This number means my communication skills are on target. I am cautious of how people perceive my messages, but also pay attention to the clues they are giving me. I scored an 8/10 in the planning of my messages. When I begin a message to someone I like to know what I plan to say before I say it. Often times I will have notes to reference. I only scored a 15/25 in the encoding process. I spend a lot of time being sure my message contains information and I think I may over analyze what I need to say. The best option for me is to make clear and concise points and not be too detailed. I think I try to describe things too much and may come off as chatty. I was able to score a 14/15 for my choice of what channel to use when communicating. This to me is one of the most important aspects of communication. If you dont choose the right method to communicate, points may be lost, misconstrued, or missed. Writing an email, talking on the phone, and ta lking in person all have separate advatages and disadvantages. Each type of communication has a time and place. Next I scored a 17/20 in receiving messages. I like to think of myself as a fairly active listener. A big pet peeve of mine is one others dont look at me when I am speaking. So for me this is important to do for others as well. I want to know the people I am speaking to are listening and respecting what I am saying, so therefore they deserve the same courtesy. Finnaly I scored an 8/10 on feedback. Feedback is a vital part of communication. You want to be sure the people you are talking to understand what you have said and where to go next. You also want to be able to provide feedback. I feel feedback is an area of great strength for me. I am not afraid to ask questions if I dont understand, and I enjoy knowing if others understood me. If they did not understand I can correct it and also make corrections for the next time. The other most important aspect of communication, for me, is body language. In a professional setting it is easy to get settled in if you are around the same people all the time. This is also a problem. If you get too comfortable talking to your co-workers you may quit paying attention to the way in which you communicate with them. If you are not aware of the messages your body is sending you can cause a lot of unneccesary confusion or hurt. Lets say for instance you roll your eyes at a comment made by someone and they notice. This person may not wish to speak to you further or share their ideas anymore. You need to be courteous and conscious of what your body is saying as well as your actual words. Click the Assignment Files tab to submit your assignment. Copyright 2014 by University of Phoenix. All rights reserved. Title ABC/123 Version X PAGE \* MERGEFORMAT 1 Copyright XXXX by University of Phoenix. All rights reserved.
Saturday, February 22, 2020
Fiat Currency and its Role in the Global Economy Essay
Fiat Currency and its Role in the Global Economy - Essay Example While the Bretton-Woods conference had proposed a supranational currency this idea was ignored and instead international currencies were pegged to the United States dollar. In the 1970s the United States went off the gold standard, effectively moving all world currencies to floating. There have been a number of attempts at supranational currency including the implementation of the SDR; still, there are some weaknesses to this currency, including it not effectively reflecting contemporary GDP concerns. In addition to the SDR there was the ECU, the ASU, and the African Monetary Unit; in large part these currencies are or were ineffective as a world currency for their largely regional affiliations. Recognizing the inefficiency of these currency units the WDX Organisation Limited was established to develop a more effective world currency. Incorporating modern risk theory, mathematics, and real-time technology infrastructure this organization developed the Wocu. In addition, the Wocu a ma jor innovative aspect of the Wocu is that it implements a research-based algorithm that is unknown to outside sources. b) Specification of thesis ââ¬â main point The main thesis is that the Wocu is both effective and necessary as a world currency in response to the current fiat model. ... This will allay concerns with the dollar as the world currency, allow countries to have their own monetary policy, and reduce the need for foreign currency reserves. Additionally, it will have benefits to corporate treasurer; these include reducing currency risk and hedging against volatility, as well as advantages in pricing sales and purchasing, settling transaction, risk management, and raising capital. c) Three supporting opinions/reasons There are a number of supporting perspectives on implementing a world currency. Perhaps the central thorough-put in these supportive arguments is the notion that the use of fiat currencies creates a currency environment subject to political manipulation and volatility. One such consideration has emerged from the United States Economic Report. This report indicates that the European Sovereign Debt Crisis has had an immediate impact on United States monetary policy ("Economic policy: Country," 2010). The report indicates that, ââ¬Å"The ripple ef fects from the euro areaââ¬â¢s public debt crisis have led market participants to expect a later start of rate hikes ("Economic policy: Country," 2010, pg. 12). While not necessarily negative, such an impact could conceivably be avoided through a world currency. While this report demonstrates the direct impact of fiat currency, other research has argued for much more profound implications. Ghosh, Roy & Bandyopadhyay (2011) quantitatively examined various elements that directly contributed to volatility in the Indian stock market. Their research revealed that currency volatility ââ¬â a direct result of fiat money ââ¬â had a significant impact on stock valuation. Al-Shibli (2011) goes as far as to argue that in abandoning Bretton-Woods and
Thursday, February 6, 2020
Strategic Human Resources Planning. Investigation Research Paper
Strategic Human Resources Planning. Investigation - Research Paper Example HR is a department within the organization that entirely manages people (Wood, 2009). It thus serves the purpose of recruiting, managing, and directing workforce. This is because it HR is the department that possesses knowledge, skills, creativity, ideas, and aptitudes within the organization. Any problem within the organization is solved through this department. Therefore, any organization that considers success an option must put in place human resource managers with the necessary skills to enhance progress of the organization. Like any other organization, Hilton Hotel has a HRD that has seen the organization provide unequalled services far and wide. This paper discusses corruption as a common problem in Hilton Hotel. Overview of the Problem Corruption has been a common problem in many organizations especially the big and diversified firms. From history, over 75% of companies have reached a shut down point as a result of corruption. The continued growth of Hilton Hotel has seen the emergence of this deadly vice. Within every organization, corruption has lead to several consequences that if not taken care of will result to organizational failure (Mathis & Jackson, 2010). In Hilton, just like any other organization, the highest levels of corruption were at the staffing function of the HR Department. It is important that in performing this role, recruits be selected in reference to their competence. This will definitely see the organization achieve since the recruited staff is in possession of the equipments. However, this has not been the case. Evidently, many of the newly recruited staff do not have the professional requirement, and necessary experience simply because they have a link to senior managers in the organization. In such a case, the definite outcome is failure. Environment Analysis Environmental analysis is a crucial aspect within an organization. It is important to evaluate the impact that Political factors, Economic factors, Socio-cultural factors , and technological facts to the organization (Mathis & Jackson, 2010). For political factors, the changes that are incorporated in the legislation and the political instability in some countries have negatively impacted Hilton Hotel. On economic factors, interest rates, cross-border pricing, and the charges by the banks have been a challenge in executing the objectives that the Hotel has put in place. Technology has played a big role in the promotion of better services to clients. Hilton has kept up with the changing technology to ensure it gives up to date services. Business people consider socio-cultural factors as the key elements in building the society. They influence the choices people maker and include beliefs held by certain communities, attitudes towards certain aspects and values. There Hotel has looked into demographic changes and the perception the clients have on their products thus achieved in delivery. Financial Analysis The only way through which Hilton Hotel has ma naged to survive despite this problem is through proper financial management. The financial department has largely worked in collaboration with other departments to ensure that the organizational finances arte properly cared for. For instance, remuneration is a function for the HR Department, but the financial department ensures that it properly evaluates every financial proposal before signing. Further, still, it is in this department that purchases and sales are managed thus
Tuesday, January 28, 2020
Economics Review Essay Example for Free
Economics Review Essay 1. Describe some of the trade-offs faced by each of the following: 1. a family deciding whether to buy a new car 2. a member of Congress deciding how much to spend on national parks 3. a company president deciding whether to open a new factory 4. a professor deciding how much to prepare for class 5. a recent college graduate deciding whether to go to graduate school 2. You are trying to decide whether to take a vacation. Most of the costs of the vacation (airfare, hotel, and forgone wages) are measured in dollars, but the benefits of the vacation are psychological. How can you compare the benefits to the costs? 3. You were planning to spend Saturday working at your part-time job, but a friend asks you to go skiing. What is the true cost of going skiing? Now suppose you had been planning to spend the day studying at the library. What is the cost of going skiing in this case? Explain. 4. You win $100 in a basketball pool. You have a choice between spending the money now or putting it away for a year in a bank account that pays 5 percent interest. What is the opportunity cost of spending the $100 now? 5. The company that you manage has invested $5 million in developing a new product, but the development is not quite finished. At a recent meeting, your salespeople report that the introduction of competing products has reduced the expected sales of your new product to $3 million. If it would cost $1 million to finish development and make the product, should you go ahead and do so? What is the most that you should pay to complete development? 6. The Social Security system provides income for people over age 65. If a recipient of Social Security decides to work and earn some income, the amount he or she receives in Social Security benefits is typically reduce 6. How does the provision of Social Security affect peoples incentive to save while working? 7. How does the reduction in benefits associated with higher earnings affect peoples incentive to work past age 65? 7. A 1996 bill reforming the federal governments antipoverty programs limited many welfare recipients to only two years of benefits. 8. How does this change affect the incentives for working? 9. How might this change represent a trade-off between equality and efficiency? 8. Your roommate is a better cook than you are, but you can clean more quickly than your roommate can. If your roommate did all the cooking and you did all the cleaning, would your chores take you more or less time than if you divided each task evenly? Give a similar example of how specialization and trade can make two countries both better off. 9. Explain whether each of the following government activities is motivated by a concern about equality or a concern about efficiency. In the case of efficiency, discuss the type of market failure involve 10. regulating cable TV prices 11. providing some poor people with vouchers that can be used to buy food 12. prohibiting smoking in public places 13. breaking up Standard Oil (which once owned 90 percent of all oil refineries) into several smaller companies 14. imposing higher personal income tax rates on people with higher incomes 15. instituting laws against driving while intoxicated 10. Discuss each of the following statements from the standpoints of equality and efficiency. 16. Everyone in society should be guaranteed the best healthcare possible. 17. When workers are laid off, they should be able to collect unemployment benefits until they find a new job. 11. In what ways is your standard of living different from that of your parents or grandparents when they were your age? Why have these changes occurred? 12. Suppose Americans decide to save more of their incomes. If banks lend this extra saving to businesses, which use the funds to build new factories, how might this lead to faster growth in productivity? W ho do you suppose benefits from the higher productivity? Is society getting a free lunch? 13. In 2010, President Barack Obama and Congress enacted a healthcare reform bill in the United States. Two goals of the bill were to provide more Americans with health insurance (via subsidies for lower-income households financed by taxes on higher-income households) and to reduce the cost of healthcare (via various reforms in how healthcare is provided). 18. How do these goals relate to equality and efficiency? 19. How might healthcare reform increase productivity in the United States? 2 0. How might healthcare reform decrease productivity in the United States? 14. During the Revolutionary War, the American colonies could not raise enough tax revenue to fully fund the war effort; to make up this difference, the colonies decided to print more money. Printing money to cover expenditures is sometimes referred to as an inflation tax. Who do you think is being taxed when more money is printed? Why? 15. Imagine that you are a policymaker trying to decide whether to reduce the rate of inflation. To make an intelligent decision, what would you need to know about inflation, unemployment, and the trade-off between them? 16. A policymaker is deciding how to finance the construction of a new airport. He can either pay for it by increasing citizens taxes or by printing more money. What are some of the short-run and long-run consequences of each option? Chapter 2 1. Draw a circular-flow diagram. Identify the parts of the model that correspond to the flow of goods and services and the flow of dollars for each of the following activities. 1. Selena pays a storekeeper $1 for a quart of milk. 2. Stuart earns $4.50 per hour working at a fastfood restaurant. 3. Shanna spends $30 to get a haircut. 4. Sally earns $10,000 from her 10 percent ownership of Acme Industrial. 2. Imagine a society that produces military goods and consumer goods, which well call guns and butter. 5. Draw a production possibilities frontier for guns and butter. Using the concept of opportunity cost, explain why it most likely has a bowed-out shape. 6. Show a point that is impossible for the economy to achieve. Show a point that is feasible but inefficient. 7. Imagine that the society has two political parties, called the Hawks (who want a strong military) and the Doves (who want a smaller military). Show a point on your production possibilities frontier that the Hawks might choose and a point the Doves might choose. 8. Imagine that an aggressive neighboring country reduces the size of its military. As a result, both the Hawks and the Doves reduce their desired production of guns by the same amount. Which party would get the bigger peace dividend, measured by the increase in butter production? Explain. 3. The first principle of economics discussed in Chapter 1 is that people face trade-offs. Use a production possibilities frontier to illustrate societys trade-off between two goodsââ¬âa clean environment and the quantity of industrial output. What do you suppose determines the shape and position of the frontier? Show what happens to the frontier if engineers develop a new way of producing electricity that emits fewer pollutants. 4. An economy consists of three workers: Larry, Moe, and Curly. Each works ten hours a day and can produce two services: mowing lawns and washing cars. In an hour, Larry can either mow one lawn or wash one car; Moe can either mow one lawn or wash two cars; and Curly can either mow two lawns or wash one car. 9. Calculate how much of each service is produced under the following circumstances, which we label A, B, C, and D: * â⬠¢ All three spend all their time mowing lawns. (A) * â⬠¢ All three spend all their time washing cars. (B) * â⬠¢ All three spend half their time on each activity. (C) * â⬠¢ Larry spends half his time on each activity, while Moe only washes cars and Curly only mows lawns. (D) 10. Graph the production possibilities frontier for this economy. Using your answers to part (a), identify points A, B, C, and D on your graph. 11. Explain why the production possibilities frontier has the shape it does. 12. Are any of the allocations calculated in part (a) inefficient? Explain. 5. Classify the following topics as relating to microeconomics or macroeconomics. 13. a familys decision about how much income to save 14. the effect of government regulations on auto emissions 15. the impact of higher national saving on economic growth 16. a firms decision about how many workers to hire 17. the relationship between the inflation rate and changes in the quantity of money 6. Classify each of the following statements as positive or normative. Explain. 18. Society faces a short-run trade-off between inflation and unemployment. 19. A reduction in the rate of money growth will reduce the rate of inflation. 20. The Federal Reserve should reduce the rate of money growth. 21. Society ought to require welfare recipients to look for jobs. 22. Lower tax rates encourage more work and more saving. 7. If you were president, would you be more interested in your economic advisers positive views or their normative views? Why?
Monday, January 20, 2020
The Causes of Eating Disorders Essay -- Expository Cause Effect Essays
The Causes of Eating Disorders There is no single cause for eating disorders. A number of factors, including cultural and family pressures, chemical imbalances, and emotional and personality disorders collaborate to produce both anorexia and bulimia, although each disorder is determined by different combinations of these influences. Genetics may also play a small role. Between 40% to 96% of all eating-disordered patients experience depression and anxiety disorders; depression is also common in families of patients with eating disorders. Bulimic patients are more likely to report having emotional disorders and dysfunctional families than are anorexic-restrictor patients. It is not clear, however, whether emotional disorders are causes, results, or both, of eating disorders. Some experts claim that depression does not play a causal role, particularly in anorexia, because eating disorders are rarely cured when antidepressant medication alone is the treatment. The severity of the eating disorder is also not correlated with the severity of any existing depression. In addition, depression often improves after anorexic patients begin to gain weight. On the other hand, a number of studies have detected in some people with severe anorexia and bulimia abnormal levels of certain neurotransmitters (chemical messengers in the brain), particularly serotonin, that are associated with depression and obsessive-compulsive disorder. These neurotransmitters remain unstable even in recovering patients. Studies are finding that low blood levels of the amino acid tryptophan, a component in food that is essential to the production of serotonin, can produce depression and may also contribute to bulimia. During the dieting stage between binge... ... bingeing and purging by slowing down, thereby increasing the risk of weight gain from even normal calorie intake. The process of vomiting and use of laxatives may stimulate the production of natural opioids -- narcotics in the brain that cause an addiction to the bulimic cycle. Biologic Causes for the Perpetuation of Anorexia Nervosa. Hunger often intensifies depression, which can further reduce self-esteem and confidence, increasing the need for renewed vigilance over weight control, thus perpetuating the cycle. On the other hand, some experts believe that certain anorectic people inherit an unusual amount of natural narcotics that are released in the brain under conditions of starvation and may promote an addiction to the starved state. Starvation can also give a false sense of fullness due to reduced stomach activity, making it increasingly easy not to eat.
Sunday, January 12, 2020
Balanced Scorecard in Telecom
Performance measurement concerns all stake holders of business. Owners without executive powers are obviously most keen to know how their savings and investments are deployed. Employees, especially the ones with many alternate career options, would also like to know the state of health of their organizations, apart from the aspect of how superiors view their contributions. Suppliers worry about the future prospects of the business of a client because it has cascading effects on their own fortunes.Finally, regulators use corporate performance as feedback of macro-economic policies; customers also have tangential interests in the well-being of service providers and manufacturers on whom they depend. There is an increasing disconnect between statutory financial reporting and statements by executive teams about the states of enterprises for which they are responsible. There are many significant events in a corporationââ¬â¢s history which do not find places in profit and loss accounts or in balance sheets.Further, all statutory reporting is historical, whereas many modern lines of business such as telecommunications are in very fluid states. Everyone wants to know the future impacts of present developments, rather than what has already transpired in the past. There is an explosion of interest in non-financial information (Neef, and Cefola). Trends in customer loyalty and retention, development of more effective human resources, the capabilities of corporation to meet future competitive pressures, and the internal ââ¬Ëengine-roomââ¬â¢ operations are typical areas about which little is known through traditional financial reporting.While executives must be pleased at the lack of comprehensive business intelligence for competitors, the lack of directional information can lead to poor coordination and loss of control inside a corporation. All levels of hierarchy require guidance in terms of overall strategy, and how broad directions bear on individual jobs. The concept of a Balanced Scorecard is a popular and widely respected method of translating strategy in to specific implementationThis document constructs a hypothetical case of a telecom company, and attempts the application of the Balanced Scorecard methodology to translate the strategy of this company in to reality. The document concludes with an appraisal of the utility of the method. Business Distinctions of Telecom It is useful to consider the broad structure of the global telecom industry in order to construct a hypothetical case of some relevance.Telecom has shot in to the limelight of late after dramatic developments in technology and extensive consolidation of the industry structure as well. The industry shares a high profile with consumers and regulators alike. The telecom business is integral to modernization of society (Bonocore, 2001). High speed, wireless communication networks have transformed lives, bringing what was almost science fiction to the realm of reality. It is now possible to stay in touch with the world from the comfort of a home, and save on travel and commute times.Convergence between mobile or cellular telephones and computers is another major trend, and the revolution in the work-place of old is now in the process of unfolding at homes, with developments such as Internet telephones and music downloads from this medium as well. The industry is full of dramatic discontinuities; some of these are due to mergers and acquisitions, while the rest is because of disruptive changes in technology (Bonocore, 2001). The technological changes are likely to continue, with exponential jumps in processing speeds of micro-processors, while costs are headed distinctly south.The huge and rapid technological improvements keep creating excess capacities (Bonocore, 2001). The fixed infrastructure costs of telecom players are not sustainable, unless price reductions spur major jumps in demand. There is a fierce battle to capture new customers, to induce t hem to use their telephones as much as possible, and to hold on to them as well. Regulatory changes are breaking restrictions, as between local and long distance telephony (Bonocore, 2001). Large global players can also now break in to new domestic territories.The industry nature as outlined above makes non-financial parameters as important drivers of success (Neef, and Cefola). It is therefore eminently suited for the application of the Balanced Scorecard methodology (Tenhunen, Ukko, Markus, Oy, and Rantanen, 2002). Hypothetical Case Construction Telephone and Data Systems Inc. is a real company listed on the New York Stock Exchange (Form 10-K, 1998). It is a diversified telecommunications operator in the United States, and participates in both the wireless and line telephone segments.A hypothetical case has been created in this document on the historical basis of the companyââ¬â¢s 10-K statement for 1997, presented to the Securities and Exchanges Commission in 1998 (Form 10-K, 1998). This document details the companyââ¬â¢s strategy exactly a decade ago. The Balanced Scorecard methodology can be applied to this historical but factual situation in a hypothetical way. The numbers and facts in the following paragraphs are not entirely factual, with some simplifications made for the purpose of clarity. Telephone Data Systems Inc.is a relatively small and niche player in the telecom industry. It does not operate at all outside of the United States, and serves customers in only 36 States of its home country. It has less than 10 million customers. The company depends on the United States Cellular Corporation for its wireless services, which includes broad band, and has a wholly owned subsidiary for this line of business. The company operates printing and distribution activities through Suttle Straus, Inc in which it has a controlling stake.TDS is focused on rural and suburban USA. It has about 11 thousand employees. Its basic approach is to combine organic gro wth with appropriate acquisitions. It operates each lines of business through a company which it either owns wholly or controls. The company has proprietary access to technology which reduces noise, provides seamless inter-connections, and which also offers cost advantages. Its network is capable of upgrades for value-added services. However, the company does also need to enter new technology areas.The company focuses on geographic clusters in order to control costs, but emphasizes full customer satisfaction in its chosen clusters. Overall, the broad strategy of Telephone Data Systems Inc. is to hold a leadership position in rural and suburban America, making necessary investments to support such a competitive advantage. An Overview of the Balanced Scorecard Concept It is useful at this junction to consider the general nature and principles of the Balanced Scorecard before the concept is applied to the hypothetical case constructed as above.The Balanced Scorecard is essentially a wa y of translating strategic concepts in to action (Keyes, 2005). It can also be used for holistic performance appraisal of an organization. The Balanced Scorecard seeks to integrate the contributions of all stake holders and levels of an organization for the joint implementation of strategic goals (Kaplan, 2002). It eliminates gaps between visionary thinking at the top of an organization and the daily actions of people up to the periphery. The Balanced Scorecard makes a large corporation nimble and responsive.The Balanced Scorecard was first introduced in the early 1990, and is now used by about half of all U. S. corporations (Neely, 2002). Measurement is crucial for building teams and common commitments (Kaplan, 2002). This is at the heart of the Balanced Scorecard system. These measures are a part of a cause and effect link spanning the entire organization; each measure is linked to an organizational outcome. The Balanced Scorecard is built along 4 axes: the financial perspectives drive customer values, while the internal perspectives focus on productivity, and value creation.The customer perspective gives body to differentiation, while the learning and growth perspective dwells on human resources, systems, business climate, and organization culture. Overall the Balanced Scorecard is a means of implementing strategy, and works primarily through simple and transparent measurement of financial and qualitative goals (Neely, 2002). Implementation Priorities and Sequencing This section relates to the hypothetical case constructed earlier in the document. Telephone Data Systems Inc.is ready with a strategy and would like to use the Balanced Scorecard to ensure measured and effective implementation. The process must start with widespread communication of the evolved strategy, because this has been prepared by a mere handful of the most senior and trusted executives in the company (Mai, and Akerson, 2003). Telephone Data Systems Inc. has more than 11 thousand employe es, and the Balanced Scorecard system requires that each of them understands what their company wishes to achieve and how (Kaplan, 2002).Some people are formally employees of owned or controlled, but independent entities: they must also be carried in the massive effort to implement the strategy quickly and well. Share holders, financiers, and technology associates are other stake holders with important roles in strategy execution, so they too must know the direction their company has chosen to take. Finally, competitors also need to be aware of the nuances of company strategy since the industry is in a phase of consolidation.Overall, the management should make special efforts to carry people with them by integration with the Human Resources Management strategy (Kearns, 2003) and by viewing the organization as a living being Communication with such a large and diversified audience is likely to suffer from both dilution as well as distortion (Segil, and Goldsmith, J, 2002). Further, t he subject matter is a top management prerogative, so any word from anyone other than the Chief Executive Officer, will not carry adequate weight or authority (Kaplan, 2002)This communication issue is also an opportunity for the company to showcase its strengths. The Chief Executive Officer, apart from physical one-on-one meetings with the most influential stake holders, decides to use email and video conferencing infrastructure to communicate interactively with each stake holder directly. The core message is that Telephone Data Systems Inc. will be the leader in telecommunications within rural and suburban America. The company will back this super-ordinate aim with all the financial and non-financial investments needed for its realization.The Chief Executive Officer and the core strategy team have decided to launch the Balanced Scorecard on a pilot basis before extending the methodology throughout the Group (Tenhunen, Ukko, Markus, Oy, and Rantanen, 2002). This will serve as a lear ning process and will help the company deal with the potential problems which such a process may entail. Telephone Data Systems Inc. is new to the Balanced Scorecard, and it is known that some phases of the process, such as tying personal remuneration with measured goal achievement may cause instabilities.
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