The Case of Madoff

The Case of Madoff Outline of the Article about Madoff Scandal Lots of individuals have just caught wind of the embarrassment, associated with the exercises of Bernard Madoff. Such a significant number of papers present various articles, where the authors are anxious to share their places of perspectives about the circumstance and present all the more new spellbinding realities. The article from Economist stands out for me due to a few reasons. Above all else, it is referenced that â€Å"there are no legends in the Madoff story; just lowlifess and suckers† (The Economist).Advertising We will compose a custom report test working on this issue of Madoff explicitly for you for just $16.05 $11/page Learn More The fact of the matter is that Mr. Madoff concedes that his extortion associated with more than $50 billion looks like conceivable. In any case, the casualties of this very misrepresentation can't consent to this fact. Among these casualties, there are such big names as Steven Spielberg and Car l Shapiro. The makers of the article Con of the Century center around a few alerts for the future circumstance inside the conservative circle. Above all else, Mr. Madoff admitted that his pyramid as indicated by which clients’ wages were impressively expanded by methods for new ventures, this is the reason his misrepresentation has a few positive outcomes. Obviously, it doesn't make Mr. Madoff a legend, and underlines that cheats may manage the world once again. Individuals don't to focus on the errors, made by perilous fraudsters, if these mix-ups are paid. Cash may control bunches of circumstances, and the outrage with Mr. Madoff fills in as a genuine model. Regardless of whether numerous organizations, which had an association with Madoff’s issues, are weary to prepare themselves with various court preliminaries, they despite everything have a salary and don't stress over their future. This is the reason this article viable assists with appreciating that casualties, saints, and terrible individuals are not characteristic to Madoff’s embarrassment; and exhibit once again that cheats can't be overlooked. Individual Opinion with respect to the Madoff’s Scandal The principal point that stands out for me is that it were Madoff’s youngsters, who accused their dad in each one of those various cheats, which lead to 150 years of jail. To my psyche, such a genuine disposition to cash and the longing to get however much as could reasonably be expected ought not be inalienable to the individuals from indeed the very same family. We live in the 21st century, and interests associated with family cash were the characteristic of the start of the twentieth century. I read that â€Å"Bernard L. Madoff has been a significant figure in the National Association of Securities Dealers (NASD), the significant self-administrative association for U. S. specialist sellers firms† (Schwartz et al., 187) This is the reason I was somewhat astound ed that such a mindful individual may cause such unsavory and perilous money related trouble for such huge numbers of people.Advertising Looking for report on business financial matters? How about we check whether we can support you! Get your first paper with 15% OFF Learn More To my psyche, the instance of Madoff ought to represent a sort of end of the period, where individuals could gain income sans work. This case is a defining moment throughout the entire existence of American fund framework that must be assessed so as to commit a similar error in future (MacDonald Hughes, 268). Furthermore, coming clean, 150 years of detaining isn't the most ideal way out. An individual has just taken such a lot of cash, with the goal that it is important to arrange him to utilize this cash to support those individuals, who can't get cash for living. There are such a significant number of individuals, who need cash so as to pay for activities, those individuals, who approach some cash for eatin g, and so on. This is the reason it is smarter to think how to utilize the effectively done misrepresentation to support others. For this situation, individuals begin fearing fakes and begin believing that all their cash might be lost in a few minutes. Possibly, such choice assists with forestalling fakes and other disagreeable changes. â€Å"Con of the Century.† The Economist. 18 Nov. 2008. 14 July. 2009 https://www.economist.com/money and-financial matters/2008/12/18/con-of-the-century. MacDonald. Scott and Hughes, Jane. Isolating Fools from Their Money: A History of American Financial Scandals. Exchange Publishers, 2009. Schwartz, Robert, A., Byrne, John, An., and Colaninno, Antoinette. Adapting to Institutional Order Flow. Springer, 2005.

Conflict Between Therapeutic and Forensic Roles of Psychologists Essay

Theoretical The Ethical Principles and Code of Conduct, distributed by the American Psychological Association are the standard rules for all Psychologists. Criminological Psychologists are additionally educated by Specialty Guidelines for Forensic Psychologist. Clinicians rehearsing scientific brain research can utilize these two archives to help explain moral inquiries. This paper will concentrate on job clashes explicitly in the region of Sex Offender Management and the moral clashes that may emerge therefore and how to best deal with this circumstance when confronted with it. At the point when an individual decides to rehearse brain science inside the lawful framework, they should know this can anytime in their profession lead to moral clashes. Simply the chance alone of moral difficulties, are or ought to be a worry for legal clinicians. - - In perusing the article: Expert Opinion Revisiting the â€Å"Irreconcilable clash among Therapeutic and Forensic Roles Implications for sex guilty party specialists† Christmas Covell, Ph.D and Jennifer Wheeler, Ph.D; I found that I was in finished concurrence with the writers. I accept that it is critical for a scientific analyst or legal specialist to decide their job first and foremost. At the point when the expert decides and consents to their job forthright, life in this documented may conceivably be somewhat simpler. It is never as I would see it a smart thought to lead both treatment and appraisals on a similar individual. Particularly when working with the sex guilty party populace. At the point when you endeavor to have a double job in giving both treatment and appraisal more damage is done than acceptable. As indicated by Greenburg and Schuman (1997) †dual jobs can possibly deliberately or ... ...rensic and the helpful evaluators to ask themselves â€Å"Do I (or will I predictably) have another job with the individual being assessed that may impede my clinical judgment as well as remedial union? Do I (or will I forseealby) have another job with the individual being assessed, which may debilitate my objectivity and additionally my credibility†? By the day's end the most significant actuality to recollect is that the two gatherings share a shared objective. That objective is to forestall sex guilty parties from reoffending and forestall above all as I would see it future casualties. Reference The Portable Ethicist for Mental Health Professionals: A Complete Guide to Responsible Practice, Master Opinion Revisiting the â€Å"Irreconcilable clash among Therapeutic and Forensic Roles Implications for sex guilty party specialists† Christmas Covell, Ph.D and Jennifer Wheeler, Ph.D;

Free Essays on Hamlet And Revenge

Hamlet and Revenge In William Shakespeare’s disaster Hamlet, retribution takes its a dependable balance on the principle character, Hamlet as he attempts to retaliate for his father’s passing. Vengeance is a sort of wild equity which man’s common nature runs toward (ERH). â€Å"The most middle of the road kind of retribution is for those wrongs for which a law has not been gone ahead to cure: yet then let a man notice the vengeance be such, as there is no law to rebuff: else, a man’s adversary is still heretofore, and it is two for one (Bacon).† In all catastrophes, a wrongdoing is carried out and for different reasons laws and equity can't rebuff the person who perpetrated the wrongdoing. Along these lines, the person who is the primary character, in particular Hamlet, proceeds with the vindictive demonstration disregarding the critical results guaranteed to come. Initially, Hamlet is drawn nearer by the apparition of his perished father. He discovers that his uncle has killed his dad. His mom is likewise expended in the disaster, in that she remarries to Hamlet’s uncle in a fairly short timeframe after the King’s passing. The depraved connection between his mom and his uncle likewise adds to Hamlet’s mounting wrath. The specter at that point, is that from which Hamlet’s retribution springs forward. The first in Hamlet’s arrangement of changes is one of uncertainty. He to some degree questions the specter and in this manner, devises an arrangement where to demonstrate whether his uncle is the genuine killer. Hamlet gives a performance, †The Mousetrap† for the new King and Queen. In this play, Hamlet reenacts the manner by which the nebulous vision says he was slaughtered. Amidst the play, the King stands and exits torn by rage. Hamlet no longer needs proofthe King’s disrupted heart made the play agonizing; accordingly, Hamlet knew then the source from which his vengeance stemmed. When the time of uncertainty had been cruised by, Hamlet at that point entered a state seen by numerous individuals as frenzy. He blustered relentlessly about things which nobody could summon sense from. T... Free Essays on Hamlet And Revenge Free Essays on Hamlet And Revenge Hamlet and Revenge In William Shakespeare’s disaster Hamlet, retribution takes its toehold on the fundamental character, Hamlet as he attempts to vindicate his father’s passing. Vengeance is a sort of wild equity which man’s ordinary nature runs toward (ERH). â€Å"The most decent kind of vengeance is for those wrongs for which a law has not been gone ahead to cure: however then let a man notice the retribution be such, as there is no law to rebuff: else, a man’s adversary is still in advance, and it is two for one (Bacon).† In all disasters, a wrongdoing is carried out and for different reasons laws and equity can't rebuff the person who perpetrated the wrongdoing. In this manner, the person who is the principle character, in particular Hamlet, proceeds with the vindictive demonstration regardless of the critical outcomes guaranteed to come. Right off the bat, Hamlet is drawn nearer by the phantom of his perished father. He discovers that his uncle has killed his dad. His mom is additionally devoured in the disaster, in that she remarries to Hamlet’s uncle in a fairly concise timeframe after the King’s passing. The depraved connection between his mom and his uncle likewise adds to Hamlet’s mounting wrath. The nebulous vision at that point, is that from which Hamlet’s vengeance springs forward. The first in Hamlet’s arrangement of changes is one of uncertainty. He to some degree questions the specter and along these lines, devises an arrangement where to demonstrate whether his uncle is the genuine killer. Hamlet gives a performance, †The Mousetrap† for the new King and Queen. In this play, Hamlet reenacts the manner by which the nebulous vision says he was executed. Amidst the play, the King stands and exits torn by rage. Hamlet no longer needs proofthe King’s disrupted heart made the play agonizing; in this way, Hamlet knew then the source from which his retribution stemmed. When the time of uncertainty had been cruised by, Hamlet at that point entered a state seen by numerous individuals as frenzy. He blustered perpetually about things which nobody could invoke sense from. T...

The Trope of Masquerade - Literature Essay Samples

In England, the Baroque was a partly useful concept when discussing about the Restoration Comedy. The English theatres were closed for 18 years, during the English Civil War and English Commonwealth. They were reopened in the Restoration of Charles II (1660). During this period, the Restoration Comedy and tragicomedy appeared and were a massive success. â€Å"During the Restoration period successful performances made carefully planned use of the three hours or so that audiences could spend at the playhouse from the first music, which summoned the spectators to their seats, to the announcement of the next days offering, which ended the performance by inviting them back.† (Roach, 2005: 33). They showed â€Å"the seamy sexual side of the smooth social world† (Alexander, 2000: 160). My aim in this paper is to analyze and compare the trope of masquerade (disguise, dissimulation, carnival) in Aphra Bhen’s The Rover (1681) and John Dryden’s Marriage A-la-Mode (1 673). The tragicomedy plot, however, suffers a structural split: one that is the platonic, idealistic and heroic (representing the tragic part of the plot) and the other that is anti-romantic, pragmatic and comical (that is the comic side of the plot). The masquerade in Dryden’s Marriage-a-la-Mode is expressed by the: controversial dramatic plot, Baroque mixture of heterogeneous elements, thematic disjunction and formal symmetry. In Behn’s The Rover by the cross-dressing and â€Å"subversive mimesis†, role reversal and the suspension of hierarchical structures, prenuptial agreements and provisos and by the performing identities: female wits and reformed liberties. â€Å"The spirited action of the Restoration theatre is perhaps epitomized in Act I, scene 2 of Aphra Behns The Rover (1677), when the wild Helena, on probationary leave from a convent, gleefully preparing her disguise for carnival, speaks decisively in the imperative to her tempted but more timorous compani ons: Lets ramble. â€Å"(Roach, 2005: 33). In her Restoration Comedy, The Rover, the women use the masquerade in order to hide their true identity and to emphasize their subdues sexuality. The men use this to their advantage, uncovering a darker side of their nature, practically erasing the boundaries between prostitutes and women of quality. â€Å"Behns play is set in Spanish Naples during the 1650s. It focuses on the courtship of Florinda by the English cavalier, Colonel Belvile, who fell in love with her in Spain and followed her back to Naples.† (Corman, 2005: 63). Their marriage is opposed by Pedro, her brother, who wants her to marry Don Antonio. â€Å"The love interest of Florinda and Belvile drives much of the action, including the parallel courtship of their friends Valeria and Frederick, and a considerable amount of the fast-paced intrigue, trickery, and disguise so important to the success of the play.† (Corman, 2005: 63). The third relationship that is â€Å"far more lively and engaging† (Corman, 2005: 63) is her sister’s, Hellena (who was intented to be a nun) with Willmore. Hellena sees nunnery as something that is the complete opposite of what she wanted, so she chooses to adopt the gypsy mask and embrace the liberty that it offers. Willmore, â€Å"the title-character and friend of the other â€Å"banished cavaliers†Ã¢â‚¬ (Corman, 2005: 63) directly proportional with the aspirations of the Carnival, is the rover of the play. He only seeks carnal pleasure but still ends up in a â€Å"happy ending†. He shifts between her and Angellica Bianca (the courtesan who sells herself for a thousand crowns). He sleeps with Hellena in exchange to his promise of staying loyal to her and almost rapes Florinda when drunk. â€Å"The balance between the serious, high-toned lovers, Florinda and Belvile, and the wilder, wittier Hellena and Willmore best exemplify a standard structural uni t in the comedy of the period, one that would become still more popular by the end of the century.† (Corman, 2005: 64). In the end, Hellena is cleverly manipulating the love game by cross-dressing as a boy and professing her love to Willmore. She is only able to do this because her masquerade allows her to. Thus, she is able to experience an identity which is more â€Å"male†. This gives her more power and authority in the play than she would had had if was she only portrayed as herself. The same happens to Florinda, when she joins the Carnival to seek Belvile dressed as a gypsy. The ending is a happy one for almost everyone: Florinda marries Belvile, Hellena marries Willmore and Valeria (kindswoman to Florinda) marries Frederick, Lucetta manages tos teal Blunt’s money and Angellica Bianca remains a single widow. Aphra Behn seems to critique how woman who do not want to adhere to their pre-planned destinies are automatically seen as prostitutes â€Å"Why must we be either guilty of fornication or murder if we converse with you men?†[1] . The Carnival becomes a way to distribute the sexual double standards used by men to judge a woman. Thus the masquerade challenges the individual and social identities of women’s (sexual) liberty and domination by men or patriarchal means. It is associated with social change, Behn dramatizing the role reversal and the suspension of hierarchical structures, prenuptial agreements and provisos. [1] Helena, Act I, Scene II, 208-209 John Dryden (1631-1700) was a poet, literary critic, translator and playwright. His Marriage A-la-Mode (1673) was first performed in London by the King’s Company. The play set in Sicily and follows two plots: â€Å"the versified high plot dealing with problems of state and love for the pastorally named Leonidas and Palmira, alongside the prose low plot dealing with the adulterous inclinations of the no less pastorally named but much less pastorally inclined Dorinda, Melanthia, Rhodophil, and Palamede.† (Munnus, 2005: 148). It is â€Å"one of the last plays to deal with the subject of restoration until the revival of the topic during the last years of Charless reign† (Hughes, 2008: 205). The first plot concerns the love story of Leonidas and Palmyra who were separated from their parents as infants and were raised by Hermogenes, who kept their past secret. When recognized by the usurper-King Polydamas, Hermogenes declares that Leonidas is Polydama’s son. Leonida’s new position as prince forbids him to marry Palmyra. The two lovers refuse to stop seeing each other and so Palmyra is sentenced to death. In that moment Hermogenes declares the truth: Palmyra is the child of Polydamas and Leonidas is his son. Palmyra is declared princess but is once again forbidden to mary the man she loves. Hermogenes finally admits the whole truth: Leonidas is the son of the rightful king. So Leonidas starts a rebellion against Polydamas, wins, and declares himself king and is finally permitted to marry Palmyra. â€Å"The error corrected, he returns to being a fishermans son, is privately identified as the true king, and finally manages to declare his identity publicly as h e is on the point of being executed.† (Hughes, 2008: 206). The whole situation that Hermogenes created is a dissimulation which could have been easily avoided, but then it would not be a tragicomedy. â€Å"In the complementary comic plot, two bored couples seek to enjoy each others partners.† (Hughes, 2008: 205). It mixes with the first, concerns Rhodophil and Palamede. Rhodophil is in love with Palamede’s fiancà ©e Melantha and Palamede falls in love with Rhodophil’s wife Doralice. â€Å"One man has tried to compensate for the tedious immutability of his wife by serial sexual fantasy, successively imagining her in bed as every beauty in Sicily. The marriage falters when all attractive women have been used up.† (Hughes, 2008: 205). The two couples carefully plan their meetings, choosing even the same places and using the same tactics. When their actions are finally discovered, Palamede and Rhodophil decide to stick with their rightful claims, so Palamede amicably divorces his wife and manages to win the heart of Melantha. The â€Å"carnivalesque† (English term used to translate the words of the Russian critic Mikhail Bakhtin) is adapted in many ways. He traces its origins to the back to the Feast of Fools, a medieval festival held by the sub-deacons of the cathedral. Bakhtin also believes that the carnival affects everyone, altering their behavior. Everyone is a participant in the carnival. In conclusion, the trope of masquerade in the two plays are radically different. In Aphra Behn’s the women use mask, cross-dressing and the Carnival in order to enjoy a little more liberty than their woman status would normally allow. The rover itself is a masquerade manifestation because of all the actions committed. In John Dryden’s, the masquerade is portrayed by the mixture of the two plots and the preposterous ways the conflicts are resolved. [1] Helena, Act I, Scene II, 208-209 Works Cited Alexander, Michael: â€Å"A History of English Literature†, Macmillan Press, 2000, pp. 160 Corman, Brian: ‘Comedy’ â€Å"The Cambridge Companion To English Restoration Theatre† edited by Deborah Payne Fisk, Cambridge University Press, 2005, pp. 63-64 Hughes, Derek: ‘Restoration and settlement: 1660 and 1688’ â€Å"A Companion to Restoration Drama† edited by Susan J. Owen, Blackwell Publishing, 2008, pp. 205-206 Roach, Joseph: ‘The performance’ â€Å"The Cambridge Companion To English Restoration Theatre† edited by Deborah Payne Fisk, Cambridge University Press, 2005, pp. 33 Munns, Jessica: ‘Change, skepticism, and uncertainty’ â€Å"The Cambridge Companion To English Restoration Theatre† edited by Deborah Payne Fisk, Cambridge University Press, 2005, pp. 148

Racial Profiling A Survey Of African American Police...

Read the article: Racial Profiling: A Survey of African American Police Officers(Barlow Barlow, 2002). Using concepts from chapters 1-6 as the basis for your analysis, in a narrative format of 750 or more words, summarize: †¨(a) the research problem, †¨(b) the literature review, †¨(c) data-gathering strategy, †¨(d) any hypotheses, †¨(e) the dependent and independent variable in one of the cause-effect relationships tested by the researchers, †¨(f) how the dependent and independent variable were operationalized, †¨(g) other variables that should have been measured and/or controlled, and †¨(h) the key findings and/or policy issues. The research problem: This particular study was attempting to provide reliable data as to racial profiling by using black police officer from the Milwaukee Police Department. It was felt that that by using the officers, they would have institutional knowledge as well as first hand experiences as to racial profiling in their lives as well in the work environment (Barlow Barlow, 2002). The literature review: As part of the planning process Barlow Barlow completed a literature review, which basic means a survey of important any articles, books and other sources that might have been important to their research topic which in this particular case was racial profiling (Hagan, 2010). Below is a list of the information that was reviewed and used and made part of this study: Bill of Rights for Black Men, polls conducted by the American Institute ofShow MoreRelatedProfessional Racism and Discrimination1117 Words   |  5 PagesLos Angeles Police Department has a reputation for using race as a basis to catch criminals. Racial profiling is the use of race or ethnicity as grounds for believing an individual is suspicious of committing a crime. Discriminatory or abusive behavior towards people of color affects the justice system and violates people’s human rights. The LAPD continues to use racial profiling against mostly African-Americans and Latinos. The use of ra cial profiling by the LAPD prevents the police from servingRead MorePublic Opinion of Police by Different Ethnic Groups Essay1136 Words   |  5 Pagesï » ¿ Public Opinion of Police by Different Ethnic Groups XXXXXXXXX CJA 344 March 24, 2014 Benjamin Harm Public Opinion of Police by Different Ethnic Groups Introduction Cooperation from members of the public is important in order for police officers to effectively fight crime within the community. In order to obtain cooperation from members of the public, police officers must gain their trust and confidence. It has been known that African Americans and Hispanics have lower levelsRead MoreMinority Attitudes Towards the Police and Public Perceptions Essay1179 Words   |  5 PagesLiterature Review: Minority attitudes towards the police and public perceptions Introduction-Background-Problem Individuals who seem to be more unhappy with police are African Americans. But there is little to no factors that truly engage citizens view of the police Brown and Benedict (2002). The specific parts on attitudes are reliable, but the literature seems to lead to mixed signals based on other variables Weitzer and Tuch (2002). Perceptions of the police includes factors like personal experienceRead MoreShould Police Officers Be Use Racial Profiling?999 Words   |  4 PagesShould police officers be able to use racial profiling? While studying Criminology I have gained insight on different techniques used to determine which individuals commit the most crimes. There are three basic methods to measure criminal behavior. These include: Uniform Reporting of Crime, Self- Report and National Crime Victimization Survey. Uniform Reporting of Crime (URC) is a nationwide, cooperative statistical effort of more than 18,000 voluntarily individuals reporting data on crimes (â€Å"FederalRead MoreLiterature Review On Racial Profiiling1391 Words   |  6 PagesThis essay reviews the literature on racial profiling in Courtelaney Pass. Racial profiling is a policing method that has increasingly become scrutinized over the years in Courtelaney Pass. An overwhelming number of individuals in the city are subject to racial profiling. Contrary to 55% white, 38% black, and 7% Hispanic, the blacks and out of town travelers passing through receive 87% of the speeding tickets. 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This issue has caused many citizens to become distrustful of law enforcement and to develop a disdain for police officers. Numerous test, survey, and data have been collected on the subject to gain a better understanding of the growing problem between the police and a weary public. With a increasingly socialized world connecting citizens throughRead MoreRacial Profiling And The Criminal Justice System1582 Words   |  7 PagesRacial disparity in the Criminal Justice system has been a issue of discussion in our law enforcement for years. Statistics say the likelihood of imprisonment in a lifetime is 1 in 3 black men, 1 in 6 Latino men and 1 in 17 white men. (Bonczar2003) The search and seizure 4th amendment was passed in 1789 which was supposed to protect all persons of unreasonable searches, etc. In 1944 Gunner Myrdal wrote â€Å"it’s part of a policeman’s philosophy that Negro criminals or suspects that show any sign of insubordinationRead MoreRacial Profiling by Police Essay examples1581 Words   |  7 Pagessovereignty. The act of racial profiling goes against our human rights. Racial profiling has been a controversial issue for a plethora amount of time in the United States of America. According to the National Institute of Justice, racial profiling by law enforcement is defined as a practice that targets people for suspicion of crime based on their race, ethnicity, religion, or nation origin. Creating a profile about the kinds of people who commit certain types of crimes may lead officers to stereotype againstRead MoreRacial Profiling : History, Trends, And Evolution2710 Words   |  11 PagesRacial Profiling: History, Trends, Evolution Name Academic Institution Author Note Class Professor Date Racial Profiling: History, Trends, Evolution The issue of race has been a heated and emotional conflict since the founding of this country. Racial profiling is the act of assuming ideas or circumstances pertaining to a certain individual simply based on the color of his or her skin and the racial group to which he or she belongs. Even though the Thirteenth Amendment abolished

The Abolition Movement Of The American Revolution

After the American Revolution, numerous amounts of slaves were freed and began to express their indignation towards slavery and racial discrimination. Abolitionists believed that slavery was immoral and illegal and supported these ideas with the two most important laws at that time, the Bible and the Constitution. Although the ideals between abolitionists were similar, their means of bringing slavery to an end were completely different. The late 1830’s brought the distinction of tactics between radical and conservative abolitionists. Conservatives strove for a gradual abolition of slavery while radicals advocated the immediate emancipation. While both radicals and conservatives fought for the abolition, radicals such as David Walker enforced the use violence if necessary, while conservatives such as Frederick Douglass turned to politics as a weapon against slavery. As a result, Walker’s Appeal was more effective towards the abolition movement than Douglass was due to its strong, radical, and revolutionary tone that caused the abolition movement to take a more radical direction. David Walker was a free North Carolinian radical abolitionist who issued Appeal to the Colored Citizens of the World. Walker, like other abolitionists at the time, used both the Constitution and religion to present the illegality and the immorality of slavery in order to emphasize the need for immediate abolition in his Appeal. This pugnacious pamphlet called for the prompt eradication of slaveryShow MoreRelatedThe Age Of Revolution And The European Revolution1152 Words   |  5 PagesThe age of revolution was a powerful dynamic age in the European politics and the European Society that started in 1789 and ended in 1848. 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Therefore, Equiano’s narrative provides a unique view of the Atlantic Slave Trade and of being African in the late eighteenth century, no matter his place of birth, and these views contributed to the movement for abolition. The question of his birth has

Management Control System in Hungry Jacks

Question: Discuss about the Management Control System in Hungry Jacks. Answer: Introduction Management control system assists in gathering and utilizing information related with enterprises in order to evaluate how the company is performing and utilizing its varied resources like human and financial structure to create competitive edge among consumers (Coenders et al., 2003). Jamil and Mohamed (2013) claim management control mechanism to be widely applied by organisations as a conceptual framework that helps them to improve personnel decision-making and actions in accordance with organisational desired gaols. An enterprise in order to survive in the globalised environment must support a performance measurement system that apart from superior organisational performance ensures better stakeholder management (Ho, Huang and Wu, 2011; Daniels, 2007). The purpose of doing this assignment is to analyse how Hungry Jacks, an Australian fast food chain, is managing its control system to improve its overall performance. In opinion of Armesh, Salarzehi and Kord (2010), in current compl ex business environment where activities are constantly changing with respect to government influence and external factors, firms requires implementing strategies that ensures sustainability in long-run. Therefore for analysing the performance of Hungry Jacks various aspects related with vision, mission, structure, financial responsibility and personnel control will be analysed. Vision, Mission and Strategic Objective of Hungry Jacks In 1971, Hungry Jacks launched its first store in Innaloo, Australia where outlets initial success encouraged the company to expand its business further (Hungry Jacks, 2016b). In its starting years, the enterprise worked under franchise of Burger King Corporation however in 1990 few changes in agreement were made by the company (Hungry Jacks, 2016b). As per these changes, Competitive Foods was permitted to open Hungry Jacks first independent outlet and later several stores were opened under the trademark of companys own name (IBIS World, 2016). Currently the enterprise is having its presence in Australia throughout its every state with nearly 340 stores and has been successful in generating a strong brand image among its consumer (Hungry Jacks, 2016b). Mission of any company explains the ultimate purpose for being in the market and what it desire to achieve through its business whereas vision provides direction to enterprises as what it want to become in coming years (Papulova, 2014) . Phanuel and Darbi (2012) argue vision and mission of enterprise to play a significant role in strategic development where principles mentioned under these are helpful in managing the day-to-day activities and employees actions. The mission of Hungry Jacks has been to ensure that customers visiting at their place are offered with great food and is superior at quality, service and cleanliness in every hour or day of their arrival (Hungry Jacks, 2016b). The company believes in promoting innovative vision among personnel by implementing four key values; giving maximum importance to visitors, ensuring their safety, enabling integrity and improving its performance consistently based on consumer requirements (Hungry Jacks, 2016b). Being in service industry, Muogbo (2014) has pointed out that customer priority as the most influential strategy to survive, retain and compete strongly against other competitors. Hungry Jacks is not only efficient in managing its customers requirements with the help of varied services like organising birthday events for kids but also involves maximum participation of community to make the society a better place for living. For instance, the entity entered into strategic partnership with Keep Australia Beautiful under which all its packaging consists the logo of Bag it and Bin it to persuade consumers to dispose the garbage responsively (Hungry Jacks, 2016b). The strategic objective of the enterprise is to improve profitability and brand image through superior customer servicing and promoting sustainability in environment. Organizational Structure The organisational structure of the enterprise is formal (hierarchical) where activities and responsibilities of the entity are shared among different personnel under various levels (Groucutt and Hopkins, 2015). Figure 1 illustrates the organisational structure at Hungry Jacks where CEO of the company have ultimate power over all other personnel placed below like General, Finance, Marketing, Sales, Customer Service and Sourcing Manager. Figure 1: Organisational Structure at Hungry Jack's (Source: Hungry Jacks Pty Ltd, 2012) Apart from hiring different divisional head for departments like finance and customer service the company hires project committee officers to reduce complexities occurring while undertaking work (Hungry Jacks Pty Ltd, 2012). In spite of having hierarchical structure at stores the CEO of company creates an innovative work environment where people are encouraged for continuous training and development for superior career progression. For instance, in 2009 College of Executive development (CED) was initiated by the enterprise as an internal platform that offers people with enhanced engagement and communication platform (Charlton Media Group, 2016). While dealing with changing requirements of people the business structure of company has experienced significant alternations like nutritional improvements in the menu that requires to be communicated instantly to staff to ensure strong presentation at front line (Charlton Media Group, 2016). Additionally, in order to encourage people to work hard for the organisation, the enterprise have introduced superior pay structure as compared to its other competitors like KFC (PayScale, 2016). The average salary per month of a fast food worker at Hungry Jacks has been found to be AU $20,381-39,875 while Assistant Manager and Kitchen hand are offered nearly AU $35,263-51,250 and AU $32,833-48,288 respectively (PayScale, 2016). Moreover, it also provides people with bonus where in accordance with research average bonus given by company to retail store Assistant mangers has found to be AU $ 1,150 (PayScale, 2016). Organisational structure of a company is highly influenced by the corporate culture it promotes within and among workers where they must be treated equally and encouraged to promote the overall vision of enterprise (Brettel et al., 2015). In case of Hungry Jacks, the higher management has created a separate code of conduct where they ensure that people working at kitchen are wearing safe clothes along with a companys logo (Hungry Jacks, 2016b). Leaders of the company ensure that employees are provided with better options for growth and personal benefits through efficient financial mechanism. The organisational culture of Hungry can be related with transformational leadership where managers in order to achieve superior performance supports personal growth of people as well (McCleskey, 2014). Financial Responsibility centres employed In order to analyse the business performance of any enterprise it is essential to evaluate the financial position of company in terms of revenue, expenses and profit departments (Young, 2010). Going through different statements that disclose general information related with company earnings and expenses helps to evaluate the percentage of growth or increase in performance over previous years (Muogbo, 2014). For understanding the efficiency of Hungry Jacks various facts and figures related with the company has been discussed below. Revenue Centres: In 2013, the yearly revenue earned by the fast food franchise enterprise of Australia was estimated to be nearly $1.03 billion where the main contribution was made by Hungry Jacks (franchisor) (Titus, 2014). The enterprise main source of earning revenue is through opening outlets of the company in different regions to expand its operations and serve larger number of consumer base. For instance, the company has 390 stores throughout different regions of Australia that is assisting the entity to reach out larger groups and earn maximum revenue (Hungry Jacks, 2016b) Expenses Centres: Food chains incurs highest expenses in acquiring raw materials and consumables required by companies to prepare the dishes where in 2013 the overall expense for the segment in Hungry Jacks was found to be nearly $435.8 million (Titus, 2014). Moreover, the enterprise incur expenses in remunerating and training its employees where currently 900 managers and approximately 18,000 crew staff are present at Australian stores (Hungry Jacks, 2016c). The company is involved in various marketing campaigns for improving the practices for packaging where it includes varied environmental code (ECoPP) for improving awareness among people for retaining greenery and eliminating waste (Hungry Jacks, 2009). Profit Centres: As per Competitive Foods Australia, the overall profit of franchise group operating its activities in fast food retail came to be $ 21.4 million till July 2013 (Titus, 2014). The profit for overall group increased three times in comparison to 2012 where the profit was $7.9 million (Titus, 2014). Apart from providing quality food items to its target consumers through outlets the company comes up with various schemes in menu to attract and retain visitors. For instance, the official website of the company includes two categories under Menu segment; Nutrition and Allergen Guide and Limited Time Offer Guide wherein people could choose their items based on ingredients and protein available. Figure 2: Nutrition and Allergen Guide available till 26 August 2016 (Source: Hungry Jacks, 2016a) Figure 2 illustrates the customised menu of the fast food chain that it offers to its guests detail knowledge regarding the items that they are ordering based on nutritious value. This helps the company to create awareness and competitive edge in the areas served and people re-visit the stores that help the firm to have additional profits. Control Mechanism at Hungry Jacks A firm that ensure proper control mechanism for administering overheads while operating its daily activities is able to attain superior performance through improved profitability and waste reduction (Armesh, Salarzehi and Kord, 2010). Controlling the activities of processes, people and results is useful in reducing the overall expense of company and assists the firm to have better stakeholder management (Armesh, Salarzehi and Kord, 2010). Hungry Jacks in order to have better control over actions, people and results implements different measures as discussed below: Action Control: Being in service sector, the company has involved itself in several franchisee agreements, however, throughout the processes the firm ensures undertaking in-depth analysis of the aspirants applying for agreements (Hungry Jacks, 2016b). Some of the important criteria that company fixes are: a strong background of the business, having accessibility to fund of $ 1,300,000 and borrowing amount of $1, 300,000, will promote only Hungry Jacks business and having capability of working with young personnel above 15 years (Hungry Jacks, 2016b). An applicant who is found eligible for the franchise in legal and financial terms is instructed for undertaking training for at least 13 months to open a new store of company (Hungry Jacks, 2016b). Investment decisions are considered as the most influential factor to determine the survival of the business segment. In order to ensure that new franchisee store of Hungry Jacks is attracting customers to visit the place and driving profitability the company implements strict eligibility criteria (action) through successful operations are ensured. People Control: The mission with which the company came into existence was to ensure quality food items is delivered to people. In order to promote the vision, mission and value, the company ensures that employees are trained to serve customer requirements efficiently. For instance, Hungry Jacks for supplying its visitors with quality food instructs the employees to obtain superior class ingredients from farmers (Hungry Jacks, 2009). Additionally, the management team directs the attenders to serve food hot and fresh within minimum time duration of order placed (Hungry Jacks, 2009). Employees are involved and trained to improve environmental sustainability throughout varied stores of region. For instance, the company introduced electronic payslips and supplied them to nearly 11,100 employees nationally to ensure environmental preservation (Hungry Jacks, 2009). Moreover, Hungry Jacks for implementing operational efficiency at its supply chain makes sure that suppliers are using electro nic invoices for its transactions (Hungry Jacks, 2009). Results Control: The enterprise ensures various assessment plans to preserve energy usage for reduced overall cost and environmental degradation. For instance, the entity to save significant amount of maintenance budget is planning to replace 22 Watts and 14 Watt lights with LED which have longer life (Australian Government, 2012). This will assist the firm to save energy and cost of approximately 743 GJ and $25, 190 respectively within 4.4 years (Australian Government, 2012). Personnel Control Hungry Jacks in order to improve the capability and knowledge of personnel implements significantly in training programs and encourages motivational level of people through flexibility schemes (Hungry Jacks, 2016b). Some of the key factors through which companys personnel control could be measured are as follows: Selection and Placement: Hungry Jacks currently have nearly 390 stores throughout different regions of Australia with 900 managers and approximately 18,000 crew staff to administer its day-to-day activities (Hungry Jacks, 2016c). The company is expanding its activities further for which it requires capable and efficient employees due to which it invites people for employment in the company. It has created lateral techniques for encouraging teamwork, strategic leadership and communication through programs like Young Endeavour where employees are taught to work efficiently among groups (Hungry Jacks, 2016c). In order to recruit people externally, the company involves in advertising the vacant positions at the stores with designation and key knowledge or expertise required for the post through its official website (Hungry Jacks, 2016c). For instance, the company currently has advertised the employment offer for the designation of Managers in Western Australia All Suburbs in over 55 locations (Hungry Jacks, 2016c). Apart from external recruitment the enterprise also support internal placement where existing junior crew members for their superior performance are promoted to higher levels available in Store Management department (Hungry Jacks, 2016c). In opinion of Hitt, Ireland and Hoskisson (2007) internal placement of employees assists enterprises in improving the motivational level as people are offered with better career advancement. Training: New recruits of the company are offered with in-houses and management courses training to enhance their career progression. For instance, Registered Training Organisation of Hungry Jacks offers its trainees with nationally recognized certificates in the segment of Retail and Hospitality sector with no personal charges (Hungry Jacks, 2016c). The company through its quality training programs helps the individual to serve the customer requirements superiorly and offers experience in retail/hospitality through which they could ensure better opportunities of advancement (Hungry Jacks, 2016c). Job Design and Provision of necessary resources: The entity in order to have better personnel management implements better flexibility options where employees can work in a 3 week rotating programs that avail them with a mixture of weekdays and weekends off (Hungry Jacks, 2016c). Moreover, employees apart from their day-to-day work are taught to understand in-store marketing and better schedule purchasing and inventory control. The job design at restaurant are varying where in accordance with changing requirements of consumers menu are revised and added with nutritional items (Charlton Media Group, 2016). Moreover, changes in new marketing taglines and new-look for restaurant is common at company for which proper communication, training and involvement of workers must be ensured. In order to have superior performance the company initiates College of Executive Development (CED) where internal engagement among personnel belonging to varied departments is made sure (Charlton Media Group , 2016). Purpose of Strategic planning and budgeting process In opinion of Hitt, Ireland and Hoskisson (2007) strategic planning can be explained as an integrated activity under which enterprises in order to have superior performance, plans and frames overall priorities of the processes and ensures that teams are working together in unified direction. On the other hand, under budgeting process the managing teams confirms that proper segregation and estimation of overall budget is done in order to have improved revenue and profitability (Ho, Huang and Wu, 2011). Hungry Jacks offers items at comparatively low prices than other players and make use of strong positioning statements in the mind of the consumers (Hungry Jacks, 2016b). For instance, The Burgers are better at Hungry Hacks and Lowest Prices are just the beginning helped the firm to have attention from people (Hungry Jacks, 2016b). The firm for strategic positioning of enterprise has utilised value differentiation where it offers quality food within affordable price which has created co mpetitive edge and loyalty among consumers. Budgeting process of Hungry Jacks assists higher management to have better forecasting decisions and techniques and monitors the overall performance (Titus, 2014). The company involves in obtaining proper details regarding the investment decisions made by entity and the way it helps to have better returns which further motivates managers and employees for improving the performance. The company involves itself in regular review of activities undertaken by kitchen management and comes up with new opportunities for handling energy consumption to have low capital cost (Australian Government, 2012). Hungry Jacks throughout the process sets goals and estimates the additional savings that it can make from identifying areas of improvement (Australian Government, 2012). Conclusion The primary intention of the report was to understand and analyse the management control system of Hungry Jacks and the organisational variables included in it. The mission of the company is to ensure that customers visiting at their place are offered with quality food and cleanliness. Moreover, Hungry Jacks in order to have better organisation culture implements four key values; giving maximum importance to visitors, ensuring their safety, enabling integrity and improving its performance consistently based on consumer requirements. The organisational structure has been found to be hierarchical where people responsibilities have been designed under departmental level; however, in order to support better communication among people an innovative work environment has been created through initiatives like College of Executive development (CED). Through responsibility centres section of the assignment it was identified that the yearly revenue earned by the fast food franchise enterprise o f Australia was nearly $1.03 billion with maximum contribution made by Hungry Jacks. It has 390 stores throughout different regions of Australia due to which entity could reach out larger consumer groups and earn greater profitability. The major overhead for expense includes raw materials and consumables where in 2013 the overall expense for the overhead was found to be nearly $435.8 million. While other expenses covers personnel remuneration, training and development and different marketing campaigns implemented by entity. For better control mechanism, the company is involved in good investment decisions, improved supply chain and food management and setting targets for better results. Personnel control in Hungry Jacks is managed through better recruitment, training and job designs. Companys strategic planning and budgeting process have helped it to be competitive in the market and better cost control mechanism. In order to have sustainability and increased profitability the compan y must continue enhancing its management control systems through better decision-making ability and policies. Reference list Armesh, H., Salarzehi, H. and Kord, B. (2010). Management Control System. 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