Introduction to Accounting and finance -- Economics, Finance and Assignment - 1

Prologue to Accounting and money - Economics, Finance and Management - Assignment Example The costs of the organization increments and friends might not have enough money accessible to meet its costs. Accordingly, the money shortfall is met by bank overdraft which influences company’s liquidity position. Organization ought not make all the deals and buys on layaway. It ought to pick a reasonable blend of money and credit deals/buys so that, company’s receivables and payables don’t arrive at top levels. It is most likely impractical to gather the aggregate sum of credit deals. Some measure of credit deals transforms into terrible obligation cost which can’t be recouped. Organization ought to assign little level of deals to awful obligations. Money is the thing that keeps the business working. Organization requires money available to pay for its working, contributing and financing costs. The measure of money accessible/deficiency is determined with income proclamation. Hisrich, Peter and Shepherd expresses that â€Å"Cash stream results from the contrast between genuine money receipts and money payments† (1998:p.297). The distinction between income articulation and benefit explanation is that income doesn’t consider installment of non-money costs, installment of credit head and withdrawals. (Rosemary, 2010) Benefits are created by deducting working costs from deals and it is determined through pay articulation. Salary articulation tells about the all out deals made during the year whether deals receipts are gathered or not. In June, Hidetoseek Ltd. is acquiring benefit yet its income is negative which shows that company’s costs are more prominent than receipts. In this manner, it should utilize bank overdraft to meet its costs. Whenever held profit are utilized, the liquidity position of the organization is gravely influenced. The money stores of organization diminishes which implies that if the organization needs to pay for its obligations or bring about some capital costs, it won't have the option to raise huge assets through its stores. An overdraft happens when

Importance Bookkeeping Essay

In business, there are numerous components that must be considered so as to guarantee that they business is in good shape, explicitly in money related issues. One of these is the part of accounting. This paper talks about the significance of accounting and will examine laws that administer bookkeeping angles. Significance of Bookkeeping is one of the most significant viewpoints in budgetary administration. It is the way toward recording the money related exchanges made by the organization and considered as the main fundamental advance of bookkeeping setting. Accounting is significant in light of the fact that it will help you as far as checking how the organization is going day by day, week after week and month to month. It is basic since it will enable the organization to arrange the money related exchange records which incorporate the receipts, checks, dropped, money distributions and deals. The accounting approach ensures that the budgetary angles are sorted out and adjusted and empowers the organization to know where their cash and other monetary issues are going. Having this sort of accounting is noted to be one of the crucial keys for having fruitful business. A lost receipt is comparable to lost derivation which may result for more cash to be covered out in charges. Having great accounting can enable the business to spare all the more monetarily. Moreover, having sorted out, precise and adjusted accounting records additionally permits the organization to acquire trusts from various speculators and loan specialists in the since quite a while ago ran since they will have the option to see total monetary information before furnishing you with your requirements. What's more, accounting records is likewise essential to deal with the budgetary status of the whole business and to monitor what is befalling the organization monetarily. Overseeing Laws in Accounting In request to realize that bookkeepers are carrying out their responsibilities precisely and sorted out with right data, various specialists has had the option to detail and set up bookkeeping laws which ought to be trailed by various organizations and businesses. Most bookkeeping laws points on reestablishing confidence from various partners. Bookkeeping laws fluctuates on various countries and every one of the administration attempts to force laws to fill in as a standard model for various organizations in making their bookkeeping articulations. One of the laws or strategies in bookkeeping is the worldwide bookkeeping gauges. Having the option to know the noteworthiness of monetary bookkeeping and detailing, researchers have normalized budgetary bookkeeping and built up the International Accounting Standards board of trustees (PricewaterhouseCoopers, 2002). The IASC referred to today as International Accounting Standard Board (IASB) has had the option to set up the International Financial announcing Standards. The IFRS has been applied in the worldwide settings and Europe, US and different nations attempt to follow the new normalized and orchestrated bookkeeping strategies. IFRS strategies and laws are created to apply to general goal of the fiscal summaries and other budgetary detailing of various enterprises. This overseeing laws licenses diverse business substances to report their money related bookkeeping and explanations with more revelation. The reason for these overseeing laws is to make reasonable incentive for every single included partner in the budget summaries. Reference Price Water House Coopers (2008). Online accessible at https://www. pwc. com/gx/eng/about/svcs/corporatereporting/IFRSforSMEs. pdf Retrieved on December 12, 2008

Show, Dont Tell The Secret to Next-Level Writing

Show, Dont Tell The Secret to Next-Level Writing A distinguishing characteristic of a great writer is one who is able to show instead of tell in his or her writing. For example, when you tell your audience information about a character, you might describe the character as tall or imposing. However, when you show your reader this informationâ€"by having another character look up to them when speakingâ€"you allow your reader to feel like they are right there in the moment in ways that telling them details will never inspire.British novelist, poet, and essayist C.S. Lewis put it like this:Dont use adjectives which merely tell us how you want us to feel about the things you are describing. I mean, instead of telling us a thing was terrible, describe it so that well be terrified. Dont say it was delightful; make us say delightful when weve read the description. You see, all those words (horrifying, wonderful, hideous, exquisite) are only like saying to your readers, Please, will you do my job for me?C.S. LewisWhy show instead of tell?Th ere are several reasons why its more appealing for a reader to be shown a scene rather than told a scene. Telling involves providing factual, brief information that avoids detail and conveys a broad message. In many cases, it is an effective way to communicate but not necessarily an effective way to stir the emotions.Showing, on the other hand does stir the emotions because it appeals to the readers sensory perception and understanding. While its not the most efficient way to communicate, it is the most expressive way, and provides details that telling does not offer. It also encourages a readers suspension of disbelief by allowing them to be in the moment youre showing in your writing, through sensory details they can easily access with a little imagination.Examples of Telling vs. ShowingSo how do you accomplish this in your own writing? Lets look at a few examples of how one might show instead of tell.Telling: He was cold.Showing: He shivered violently, wrapping the blanket around his shoulders.Telling: A storm was blowing in.Showing: To the west, dark clouds shifted as thunder rumbled in the distance, drawing closer.Telling: She knew he had been drinking alcohol.Showing: As he brushed past her stumbling, she smelled the stale scent of whiskey.Is it ever better to tell instead of show?While this show, dont tell rule holds true in general for creative writing, there are times when a summary of what is taking place is bestâ€"especially if it is a summary of plot details that arent of real value on the character arc. In other words, if you are merely biding time to move a character from point a to point b and the important things will happen at point b, there is no need to focus on showing details of how the character arrives to point b. That part can be more telling than showing, especially in contrast to the showing writing that you would want to have when the character finally reaches that important destination (point b).Consider a character who must take pa rt in an ultimate showdown against the antagonist. When that showdown occurs, you would obviously want to make your writing show as much as possible instead of telling it all. However, the journey to get to that showdown might not necessarily need to be shown, unless it is an important part of the plot (as is often the case in adventure novels). If it doesnt add value to the narrative or character arcs, there is no need to focus on showing instead of telling.Tips to stop tellingSo how to you avoid telling writing when you should be showing your reader instead? Obviously, theres no one-size-fits-all answer to this. However, here are a few tips to follow to get you started in the right direction:Consider all the sensesWriting that shows a reader what is happening is writing that includes a lot of sensory details. Dont just use images that your characters sees, but also include what is heard, felt, smelled and tasted through their senses. These types of sensory details help your reader feel like they are in the moment with the character instead of simply being told what is happening.Find adjectives and reconsider themAnother great way to turn your telling writing into writing that shows your reader a scene is to look for the spots where youve used adjectives. For example, lets say youve written the line: The beautiful woman smiled at him. Since beautiful is an adjective, lets take a moment to reconsider this sentence to allow it to show instead of tell. After doing so, you might come up with something like this: All she did was smile but to him, it was his own private heaven. Women like her didnt smile at him often and his face flushed warm red in the heat of her stare.Avoid overuse of -ly adverbsStephen King had much to say about adverbs:I believe the road to hell is paved with adverbs, and I will shout it from the rooftops. To put it another way, theyre like dandelions. If you have one in your lawn, it looks pretty and unique. If you fail to root it out, howeve r, you find five the next day… fifty the day after that… and then, my brothers and sisters, your lawn is totally, completely, and profligately covered with dandelions. By then you see them for the weeds they really are, but by then its â€" GASP!! â€" too late.Stephen KingWhat King is trying to emphasize in this statement is that one or two adverbs are fine, but the more adverbs a piece of writing contains, the less it will show instead of tell. For example, consider the following line: He looked at his father angrily. How might a writer state the same idea without the adverb? It would be something like this: A frown wrinkled his forehead as he stared at his father, breathing hard and clenching his fists in buried hostility.Now, which of the sentences gives us more visual depth to the scene? Obviously, its the one without the adverb ending in -ly. In it, the reader sees the characters anger visually instead of simply being told about it. We see the characters emotions instead of being told how the character feels.Use metaphorsOne great benefit to using metaphors is they are a literary device that calls to mind sensory perceptions. For example, when you compare a characters smile to the sun through metaphor, your reader instantly envisions a smile that is bright and cheerfulâ€"one that lights up the room in a way similar to how the sun lights up the Earth. You give much more depth to your description through the use of metaphors and similes than telling writing could ever offer.A final wordOne thing to note in the struggle with showing instead of telling in your writing is that you can go overboard with description. For some writers (Anne Rice, for example), pages upon pages of descriptive writing work because their readers have come to expect it and enjoy that type of writing. However, with too much focus on description and not enough focus on moving the plot along, you risk losing your reader through overly done description that was written for the sake of showing instead of telling. So, rememberâ€"show, dont tell, but dont overdo it!

Foreign Investment And Trade Policy - 1565 Words

Foreign Investment and Trade Policy: Brazil can be seen as country that is open and inviting foreign investments. Brazil remains the top destination for FDI in the Latin American region and according the A.T. Kearney Foreign Direct Investment Confidence Index for 2015, Brazil is ranked #6 as a global FDI destination. FDI inflows into Brazil stood at USD 60.5 billion as on Feb 2015, (Central bank of Brazil). The US Department of State’s report on Brazil states that Brazil is a foreign investment friendly country however complex tax, local content and regulatory requirements must be looked out for. The Brazilian economy’s GDP growth has been erratic, but is showing signs of stability and is expected to hit 2.1 % during the year†¦show more content†¦Foreign capital must be registered on this system before 30 days of its entry or customs clearance in the case of goods. Some of the highlights of this policy are: †¢ Besides registration of capital there is no restriction on remittances of capital abroad. †¢ Amounts paid out to foreign shareholders and partners are not taxed. †¢ Repatriation of capital is also tax exempt, subject to the amount not exceeding the original investment. †¢ Foreign investors may invest in Brazilian financial institutions subject to a few conditions. Brazil’s Trade Policy: According to a WTO policy document on Brazil, â€Å"Brazil considers the multilateral trading system fundamental to attaining its development goals based on sustainable and socially inclusive economic growth†. Brazil practices this goal by being an active participant in various international and regional forums like the WTO, BRICS, and the MERCOSUR. These multi-country organizations aim to facilitate trade between member countries and also help in achieving common goals. In Brazil the Chamber of Foreign Trade (CAMEX) is responsible for formulating and implementing the trade policy. All matters related to trade must be referred to the CAMEX before being implemented. Policy on imports: Brazil just like any other county places certain laws and regulations intended to deter the entry of illegal and dangerous material into its

Wayne State University Acceptance Rate, SAT/ACT Scores, GPA

Wayne State University is a public university with an acceptance rate of 71%. One of Michigans 15 public universities, Wayne State is located in the Midtown Cultural Center of Detroit, Michigan. High-achieving undergraduates might consider the Reid Honors College which offers smaller classes, early registration, and opportunities for undergraduate research. Wayne States strengths in the liberal arts and sciences have earned the school a chapter of the prestigious Phi Beta Kappa Honor Society. Wayne State also offers an extensive graduate program including schools of law, medicine, nursing, and social work.  The university competes in the NCAA Division II Great Lakes Intercollegiate Athletic Conference (GLIAC) for all sports except fencing, in which it competes in the Midwest Fencing Conference (MFC). Considering applying to Wayne State University? Here are the admissions statistics you should know, including average SAT/ACT scores and GPAs of admitted students. Acceptance Rate During the 2017-18 admissions cycle, Wayne State University had an acceptance rate of 71%. This means that for every 100 students who applied, 71 students were admitted, making Wayne States admissions process somewhat competitive. Admissions Statistics (2017-18) Number of Applicants 16,210 Percent Admitted 71% Percent Admitted Who Enrolled (Yield) 26% SAT Scores and Requirements Wayne State University requires that all applicants submit either SAT or ACT scores. During the 2017-18 admissions cycle, 89% of admitted students submitted SAT scores. SAT Range (Admitted Students) Section 25th Percentile 75th Percentile ERW 510 610 Math 500 600 ERW=Evidence-Based Reading and Writing This admissions data tells us that most of Wayne States admitted students fall within the  top 35% nationally  on the SAT. For the evidence-based reading and writing section, 50% of students admitted to Wayne State scored between 510 and 610, while 25% scored below 510 and 25% scored above 610. On the math section, 50% of admitted students scored between 500 and 600, while 25% scored below 500 and 25% scored above 600. Applicants with a composite SAT score of 1210 or higher will have particularly competitive chances at Wayne State University. Requirements WSU does not require the optional SAT essay section. Note that Wayne State does not superscore SAT results; your highest composite SAT score from a single test date will be considered. ACT Scores and Requirements Wayne State University requires that all applicants submit either SAT or ACT scores. During the 2017-18 admissions cycle, 24% of admitted students submitted ACT scores. ACT Range (Admitted Students) Section 25th Percentile 75th Percentile English 20 27 Math 19 26 Composite 21 27 This admissions data tells us that most of Wayne States admitted students fall within the  top 42% nationally  on the ACT. The middle 50% of students admitted to Wayne State received a composite ACT score between 21 and 27, while 25% scored above 27 and 25% scored below 21. Requirements Note that Wayne State University does not superscore ACT results; your highest composite ACT score will be considered. WSU does not require the optional ACT writing section. GPA In 2018, the average high school GPA of Wayne State Universitys incoming freshmen class was 3.37, and 47% of incoming students had average GPAs of 3.5 and above. These results suggest that most successful applicants have primarily B grades. Admissions Chances Wayne State University, which accepts nearly three-quarters of applicants, has a somewhat selective admissions process. If your SAT/ACT scores and GPA fall within the schools average range, you have a strong chance of being accepted. All applicants with a minimum high school GPA of 3.65, a minimum ACT of 26, or a minimum SAT of 1240 will be automatically considered for the Reid Honors College. Note that applicants to music, theater, or dance are required to participate in an audition or an interview. Find out how you compare to accepted students, see the real-time graph, and calculate your chances of getting in  with a free Cappex account. If You Like Wayne State University, You May Also Like These Schools University of MichiganUniversity of ToledoOhio State UniversityHoward UniversityUniversity of Michigan - DearbornBowling Green State UniversityMichigan State University All admissions data has been sourced from the National Center for Education Statistics and Wayne State University Undergraduate Admissions Office.

Organ Sales Free Essays

Selling Organs Many people are dying each day because of the lack of organs available. Waiting lists can be as long as 106,000 people. On an average 17 patients in need of transplants die each day. We will write a custom essay sample on Organ Sales or any similar topic only for you Order Now Is this fair to the families or is selling organs a better option? What are the benefits of organ selling and should it be made legal? By legalizing organ selling we would be saving lives. People sell organs on the black market every day; the downfall to this is that the surgeons that remove the organs are not always sanitary or certified. The article legalizing paid organs: pros and cons states â€Å"Establishing a federal agency to oversee organ sales will cut dialysis costs and save lives, of both patients in need of new kidneys and those selling or receiving kidneys illegally by unregulated surgeons. † This is a good point, the organs would be ensured safe. The people donating would be more motivated to donate more organs if there was an incentive of making money. Some people fear that, â€Å"The lawful sale of organs would legitimize human sacrifice. † Although this might be true successful transplants depended on knowledge of characteristics of the donor. The origin of the organ to be sold must be known for it to be used. Although many fear legalization of this may bring about a â€Å"sacrifice spree† others realize that, â€Å"The black market cannot be regulated, but its purpose would be defeated if the sale of organs became lawful†. Also legalizing organ selling will create an unlevel playing field. Meaning that people that could not afford to buy an organ would die and the wealthy people will live. The selling of organs impacts health care workers in many ways. One way could include that the organ is harvested in an unsafe environment causing communicable infections. This puts not only the health care worker at risk but also the other patients. A health care worker could feel responsible if a person that has been on a waiting list dies due to the lack of organs when some other patient bought their organ and lived. An example being that a 4 year old boy dies because a 60 year old man bought an organ that the boy would need. This could place unwanted emotional distress on the medical professionals. A health care worker is also put in an ethical dilemma when they do not know where the organ was harvested from. This meaning that the organ may have been stolen from an unwilling donor and then sold. It could also mean someone was murdered in order to harvest and sell the organs for the sake of profit. I personally feel that they should legalize selling organs but it would need to be regulated. I feel that people selling the organs must first sign a waiver stating what organs they are willing to sell. They then would need to be harvested in a safe sanitary environment by a trained professional. I think that after selling the organs they would then be monitored for a period of time to ensure the safety of the patient. I think that the organs should be then given to the people on the waiting list. People would not be allowed to buy the organs they would go in order with the list. I feel that by giving people the incentive to sell organs buy offering a small amount of money the number of people willing to donate will increase significantly. Where does the money come from that they use to pay the donor? That will be taken off the bill from the hospitals. Surgeons are overpaid as it is, by deducting a small fee towards the donation process it will help in balancing the outcomes. The surgeon will however make up the difference by performing more transplant operations, so by legalizing the sale of organs it will in return solve many of the problems we face with the donation process today. Sources: Human Organs, Sale of http://www. idebate. org/debatabase/topic_details. php? topicID=141 Legalizing paid organ donation http://www. researchsea. com/html/article. php/aid/561/cid/6/research/legalizing_paid_organ_donation__pros_and_cons. html Legal Issues in Payment of Living Donors for Solid Organs http://www. abanet. org/irr/hr/spring03/livingdonors. html How to cite Organ Sales, Papers

Change Management in Action Transforming Corporate Culture

Question: Discuss about the Change Management in Action for Transforming Corporate Culture. Answer: Draw on each of the elements of the cultural web to discuss how the culture at Heinz Australia has changed and is continuing to evolve under Widdows leadership. This is a very dynamic generation, dynamic as in, where everything is changing at a very fast pace and in a very rapid manner, the way of eating, the way of wearing, the way of functioning, the way of carrying out your day to day activities and many other things ,almost everything is evolving gradually. What we used to wear 10 years before or may be even 5 years before is already outdated and new trends, and structure of functioning are already taking over, but what we wear now will also not be the same in the years to come, due to the dynamic scenario impact in the environment the way we function now will gradually differ from the days to come in the future. But this does not necessarily mean that being dynamic or adapting change is a bad thing, changing according to the environment is actually a good thing to do. Change is actually a very important in any ones life or any business as well to progress positively and also to bring profitability in a specific organization. In order to keep up with this rapidly changing environment and in order to develop as a person change, but in a properly managed and structured way is very vital and important. To define all this adapting to rapidly changing scenario or environment, there is actually a term called "change management" which means to bring a positive change in an individual, an organizational structure or any other feature to transition from average to great performer for overall development(Solutions, n.d.). This is exactly what Heinz Australia adapted after Widdows was recruited as a managing director in 2003 and chief executive officer 3 years after that. Peter Widdows was an individual or a professional who had a large work experiences; he had an experience of working in various types of working culture, which made him a very good evaluator of the right wrong way of doing things in a working environment. And because of his widespread experience of working at different organizations and different or variety o f working culture, as soon as he joined the Heinz force he had this bad feeling that the way that the company was functioning is not going on the right track, by his ability to compare the differences between other working cultures and working structure . So, in order to bring positive change, progress and development accordingly in the working environment he took an initiative to make things better for the company once and for all. Changes are thought to be vital in any organization as they empower it to contend in an industry more productively ( K.P. D.S., 2014).He first analyzed, and evaluated the situation and the whole functioning structure of Heinz company and noted down the various things and structures that were not supporting for the company to perform its best and bring profitability in the organization. While Peter Widdows was analyzing and evaluating the company to note down the faults, the following points are the list of things that Widows found that was not actually providing any kind of contribution the company to develop and prosper: The basic tasks of the company required too much effort than it actually needed, making things more complex and more time consuming, as they could utilize that time to be more productive in other sectors. The company did not have work- friendly environment as the works were very monotonous for the staffs and employees to be excited about and perform their best. The workers or the staffs were given no credibility for their performed work with no compliments, bonus or promotion of posts for their good work, rather they focused how they could negatively reinforce the workers to perform better and how could they be strict enough to discipline them to make them follow their orders and demands. There was no motivation to perform well and put in their contribution for the company, as the employees didnt feel their importance in their company, they felt as if they were just there for the sake of just following the order of the higher staffs . They didn't feel that their work, ideas or contribution was actually valued by the organization leading them to leave or resign the company. In addition to that, it is pretty obvious that there was a high employee turnover rate, brought about by the negative corporate culture. This implies that it was difficult for the company to retain employees as they did not feel that they had any form of obligation to the company (Alam, 2013) After Widdows recognized the problems that were bringing the company back, he implemented an idea of a great place to work, hoping that it would impact the company positively. To solve this ongoing problem regarding the organization's structure and the working attitude among the staffs, he gave more force on changing the attitude in the workplace, on treating the colleagues, seniors and the staffs in a more pleasurable way, by respecting each other and motivating each other to perform well and contribute their ideas, where they were taken seriously to the company. The overall attitude or behavior was restructured in order for the working environment to be pleasant. A huge need of implementing a transition in order to make sure that the staffs and employees had a good perception of their organization so that they could put their focus on their improvement as an employee rather than gaining organizational success was very important. (Kerzner, 2013).To make the duty and job of the peopl e not so time consuming and more simple and less time consuming, he also restructured the working hierarchy of the organization by, cutting off paid staff members by 25%, making the organization cost efficient, and also added new- middle level board which got rid of the old complex and confusing working structure and brought more productivity and efficiency in the business. This culture change implementation was well taken by the organization and the staffs as well bringing immediate increase in profits, record of 50% top line growth each year and launch of more than 200 products in one year. After all the implemented changes and its very successful result and feedbacks, now there is no turning back for Heinz Company, as they plan to continue this culture and evolve accordingly keeping in mind the demands and wants of the staffs to keep them motivated and productive. Making the staffs and workers feel valued in a working environment is the major need for implementation of change(Loz ano, 2011). Based on your cultural web audit, identify the key forces for and against change. Force Field Analysis is a technique for posting, examining, and assessing the different strengths for and against a proposed change. At the point when a change is arranged, Force Field Analysis helps you take a look at the bigger picture by investigating the greater part of the strengths affecting the change and measuring the advantages and disadvantages(Outreach, n.d.). So, the main problem that I recognized before the change in Heinz Australia, was lack of validation and appreciation given to the workers or staffs for their contribution which demotivated them causing downfall in the productivity of their business. Hence, the goal or proposed change would be to make positive transitions in the behavior or attitude of the senior staffs. So, first talking about the forces that go for the change could be: The manager is deciding on the changes, so implementing these changes wouldnt be as much as hard These decisions mostly take the staffs side, so majority of them would agree on implementing this whole thing Since its about changing the behavior or the attitude of the staffs into a bit motivating and positive one, so the approach to change it would also be the same, a positive one. This in return will be easier to convince the staffs. But everything has its negative side to it, and therefore the forces that could go against the change are: Since, the staffs are already demotivated, the effort to make this change could be completely unresponsive thinking its just another effort that will eventually fail Since, the manager is trying to bring a huge change to the whole organization, the expense could be massive. Handling all the responsibilities by manager himself could be a lot. What appear to be the key strengths of the new culture? As soon as the new culture was incorporated in the organization, instant improvements were starting to be visible, from staffs or employees being corporative and highly productive, to increasing in profits of the organization. This adaptation of change would also determine the manager to know that the company is able to withstand the changes that will be introduced (S.H., et al., 2012).So, this new culture was with no doubt was a huge success. With the well thought organizational structure to the change in the attitudes of each and every staffs and workers, this plan turned out to be one of the ground-breaking ideas. In my opinion the major strength of the new culture was restructuring the behavioral attitudes of the staffs, and changing the working model of the organization. The change in the working model of the company really helped to understand the work of the company more clearly, which used to be very complex thing to do before and also helped the overall organization to manag e their time in things that were actually productive and contributing to the Heinz company rather than taking very long time to do a basic simple task. This also helped to cut off the unnecessary expenses which contributed in cost efficiency of the company. This model is effortlessly reasonable and can be connected in any authoritative circumstance extending from changing the corporate structure, worker inspiration and the corporate society ( Jackson Burnes, 2011). By, associating the team to participate in what does a great place to work mean to you? was a very productive thing to do, as everyone got to project their hidden emotions and wants as a staff in a working environment, which gave a whole new perspective to the manager to know where they had to improve or what changes they could bring in to the workplace in order to prosper and develop accordingly. This was ascribed to the low profitability of representatives and the absence of confidence in the whole workforce (Rigby, 20 11)So after the implementation of the change in attitudes of the seniors to their staff members, they started to be more positive with them by encouraging them to work better, and asking for their opinions and ideas on new projects, which made the employees fell important in their company, which ultimately helped them to stay motivated and increased their productivity in a huge scale. It was also noted that the high turnover cost the company approximately $2 million dollars on an annual basis, mainly due to the recruitment and training process (Kinicki, et al., 2014). So, change in the structure of the company also helped to cut off many unrequired costs and focus on what is required and important to the organization, because successful people tend to focus on the positive aspect that beholds the future of their work rather than focusing on the past failures(canfield, 1944). So, the main key factor of Heinz Company was that Widdow had an extraordinary talent of analyzing the GAPS of the company, which led him to realize all the factors that made the companys performance very poor. So, we could say that Widdow was very valuable and asset to Heinz company, as he succeeded to implement all the changes in the company successfully. What aspects of the organization need to be monitored and sustained to ensure the organization does not slide back into the old ways of thinking and working? Heinz Australia really worked hard to get to the point where they are right now, it took a lot of time and effort to design and think of the right format of restructuring to implement to the organization so that huge improvement can be claimed by the organization for higher productivity and increase in sales revenue as a whole. But even after they have attained this huge success, it does not necessarily mean that it will now keep on sustaining in the market, the company have to keep on assuring that every aspect or function of the company are monitored closely and the ways and methods adapted to make the company productive is made consistent in order to be on the track, develop and sustain in the market. Many of the company who fail to stay on track is simply because they didn't stay the course to achieve the objective(Holtzclaw, 2012). So in order to maintain this consistency on their productivity, the company must monitor various aspect of the company to make sure that the company doesnt end up where it first started. The first thing that Heinz Australia have to make sure is that their organizational structure doesnt get jumbled up. Maintaining a proper organizational structure play a very vital role in bringing flexibility, efficiency and effectiveness to a particular company. Organizational structure is particularly important for decision making (Suttle, n.d.). If they succeed to maintain their organizational structure then the communication becomes very effective among the staffs and employees, and good communication ultimately means the fluent work flow in the Heinz Australia. Communication helps in smooth operation of administration. Administrative errand must be performed when communication framework is successful (notes.tyrocity, n.d.). When talking about communication, Heinz Australias main problem that caused its development to decline was its improper attitude among the seniors and staffs. Basically, the seniors or the upper hierarchy of the Heinz A ustralia did not acknowledge the employees work and only focused on what punishment could be given in order to bring the employees or the staffs to the right track, they didnt even consider the staffs contribution or ideas towards the organization, which made the employees feel less important and made them think that they were just work slaves to the company which resulted in demotivation of the employees causing them to resign from the company. So, in order for them to not fall back to that situation again they must keep in mind that all the employees in the workplace must be treated with same level of respect because every employee brings some level of experience and knowledge to the workplace(Lee, n.d.). Their ideas and contribution also must be acknowledged and the employees must be taken along the course, while nurturing them accordingly in order to keep them motivated to do work and to incline the production rates. Workers need acknowledgment for their commitments, and this is a significant human need more than once professed by social analysts(Smith, 2016). Ground breaking organizations are stepping to effectively address this negative perspective of execution administration. They are executing creative arrangements that guarantee forms convey genuine results and enhance execution(Factors, n.d.). This company has to monitor the overall functioning, structure along with the activities, behavior and working attitude of the employees among one another, to ensure that everything in going steadily in a smooth pace, along with consistency in order develop, grow and sustain, rather than falling back to what it was before. References Jackson, P. Burnes, . B., 2011. 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