Business Studies may be defined as a combination of inter-related business subjects which lead to learning of basic knowledge and skills. It is a course in education that is designed to cover the basic elementary knowledge and skills in organizing business enterprises as well as general office administration.
Throughout this course, you have been using different analysis strategies to determine best practices for developing your business plan. It’s time to develop a strategic plan that will help you determine where your business is now, where you want to take it, and how you will get there. Your strategic plan will help you implement and manage the strategic direction of your company. Additionally, you will communicate the direction of your company to stakeholders.
Develop a strategic plan for the company you selected at the beginning of your MBA program and share it with stakeholders.
Create a 10- to 15-slide presentation for key stakeholders to solicit their approval of your strategic plan. Address the following in your presentation:
Search for the article entitled as You can always get what you want?!? the case of rent-to-own. by Hill, R., (2019). in SAGE Business Cases.
Read the article thoroughly alongside Chapter 2 (Deciding What’s Right: A Prescriptive Approach) in your textbook and answer the questions for the assignment.
Besides this research paper use other relevant material to support your answers.
2– Is it appropriate for Jamal to allow his own self-interests to guide his ethical conduct? For example, charging prices and following procedures that disadvantage customers but put more money in his pocket (and the pockets of his employees) may be viewed as wrong. Do you agree or disagree? Explain your answer (Words 150-200).
3– Are Jamal’s responsibilities to the community different because he shares their history? Explain your answer (Words 100-150).
4. If Jamal truly wants to stay in this community and pursue his career, should he be willing to take a less well-paying job with depressed future options to solve his ethical crisis? Under what circumstance would such extreme measures make sense? (Words 150-200)
Part 2 (Discussion Questions) (5 Marks)
5– Think about a situation where your values have been in conflict. How have you resolved those conflicts? Now that you have studied the ethical decision-making frameworks in this chapter, what should you have done? (Words 200-300).
6– If you had to choose just one of the philosophical approaches discussed in this chapter to guide your decision making, which would you choose? Why? Or, if you had to rank them from most to least helpful, how would you rank them? (Words 200-300).
7– What do you think of the proposed Hippocratic Oath for managers? (Words 100-150).
Describe a quality improvement initiative in your current or recent practice setting. What was the nurse’s role in the project? What was the outcome of the project? Has the improvement been sustained? Why or why not?
Should be at least 500 words, formatted and cited in current APA style with support from at least 2 academic sources.
Referencing this week’s readings and lecture, describe the six steps in the systems approach and apply the systems approach to improving the quality of an accounting information system (AIS).
Part 2
An organization is a regional distributor of widgets. Widgets purchased for the organization originate from small suppliers, and payment is made only with cash. To simplify operations, orders are only taken from customers via its website, and delivery of widgets to customers are handled by a third-party shipping company. All sales are done on account on a net 30 basis and the simplicity of the operation allows the business to be operated by a husband and wife team and no other employees. The wife handles the website programming and all customer service activities (such as customer questions and complaints requiring replacement widgets), and the husband handles all other aspects of the operation (i.e., accounting functions and collections of accounts receivables).
From the information provided:
Identify the major business processes used by the organization.
What are the most important business processes for the organization’s strategic goals and objectives?
Would the business processes change if the organization added a new product and became bigger?
Requirements: 2 pages
Welcome to ACC622: Accounting Information Systems. We begin our journey with an overview of how technology and accounting correlate with one another. Accounting Information Systems (AIS) are more than just technologies used to report financial information. According to Bodnar and Hopwood (2013), “an accounting information system is a collection of resources, such as people and equipment, designed to transform financial and other data into information” (p.1). Each week you will be provided with a written weekly lecture aimed at supplementing one or more concepts from the readings. In addition to this lecture, a link to the textbook’s PowerPoint presentation will be made available to highlight the key concepts covered in the weekly readings.
The resources used in a comprehensive AIS work in correlation as a system that is focused on specific goals (Romney & Steinbart, 2015). Section 404 of the Sarbanes-Oxley Act (SOX) is concerned with how management assesses an organization’s internal controls to ensure the accuracy of reported financial data. According to Romney and Steinbart (2015), these resources utilize five basic business transaction styles: “(a) revenue cycle, (b) expenditure cycle, (c) production or conversion cycle, (d) human resources/payroll cycle and (e) financing cycle” (p. 6-7). These cycles are inter-related with the AIS because normal business transactions work together as a process for the purpose of selling goods and services. Kay and Ovlia (2014) call this relationship an “enterprise system” (p. 4). An enterprise system is people working together within an organization to achieve specific goals. Information is created through transactions (input). This information is processed so that data becomes useful and that data is finally put into a useable format (Kay & Ovlia, 2014).
The inter-relationship of these processes has become known as Enterprise Resource Planning (ERP). ERP coordinates each of the five business transaction cycles into a single effort for achieving a goal. This can be as simple as creating a paycheck in the human resources/payroll process to as complex as the supply chain process of creating a product. Accounting Information Systems ties all of these components together into a workable system.
During week 1, we will explore the basics of AIS and how AIS works in a systems approach to achieve goals. You will explore how technology works in conjunction with created data to provide accurate reporting of this data and how this data works within an organization’s system of internal controls. The Week 1 written assignment focuses on the top ten technology initiatives as listed by the Information Technology Center web site for the American Institute of Certified Public Accountants (infotech.aicpa.org). You will analyze each of the technology initiatives and how they apply to practical examples in business. You will incorporate scholarly research to the effectiveness of each of these technologies.
Please click on the link below to access a PDF version of the textbook Powerpoint Presentation for the weekly readings.
