Analyzing the Operations Management Course of a College

Operations Management Course A Reflective Essay My knowledge of operations managements impact on organizational effectiveness has grown considerably in this course. I now have a better understanding of how the design and improvement of operational processes and systems can be structured so that the resources required for producing and delivering goods and services are optimized to their full potential. I have a newfound appreciation for the role of operations managers. They take on the challenge of improving productivity to grow and enhance the business an effort that spans all business units and divisions including purchasing, manufacturing, shipping, packaging, supply chain, human resources, marketing, finance, and information technology. Operations management involves analyzing work functions to increase organizational output. This also includes managing communication and dispersed knowledge within the organization. When information can get from one department to another quickly and accurately, it can speed up the pace at which the company can operate and insures that all necessary parties get the information they need to be productive. Such knowledge can improve production efficiency, ensure responsiveness to market changes and demands, impact customer service, and ultimately improve a companys competitive advantage (Brandt, 2012). Operations managers are responsible for making sure that the tools necessary to facilitate efficient communication within theShow MoreRelatedI Had More Interest On Computer Science706 Words   |  3 Pagesview with my brothers for going another college to continue my education in computer science with my brothers because they were a source of funding without them I was not able to contin ue study. I got a green signal from brothers for supporting my undergraduate study in the capital city. 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1984 By George Orwell Essay - 1327 Words

1984 by George Orwell Summary: The book is set in a fictive future in the year 1984. The world is split into three totalitarian super-states: Oceania (North and South-America, Britain and Ireland, Australia and South-Africa), Eurasia (Europe and Russia) and Eastasia (China).These three super-states are constantly at war with each other, regularly forming different alliances. Each one of the super-states is too powerful and strong to be defeated by an alliance of the two other super-states and therefore it seems to be an endless war. Throughout the book, it becomes more and more clear that the war is an illusion,†¦show more content†¦The third class of Oceania is the Inner Party, which consists of only a few people of the society. In contrast to the rest of the Party, the members of the Inner Party are powerful and privileged. At the top of the society in Oceania there stands Big Brother, the leader and icon of the Party. Except for the Inner Party, the standards of living are disastrous in Oceania and nea rly everybody is living in poverty. Furthermore love, friendship and individuality are abolished in Oceania and are considered as a thought-crime against the Party. The protagonist of the book is Winston Smith, a member of the Outer Party who works in the Ministry of Truth, where media and history are constantly re-written and manipulated to make sure that the Party appears to be inerrable and almighty to the rest of the population. Winstons job is to correct articles of old newspapers and books so that in the end the predictions of the Party always seem to have been right. Winston is a very depressed person. He doesnt appreciate the government and he always wonders if things in the past were better than they were now. Unfortunately due to the permanent alteration of the past by the Party, he is unable to remember these things. Furthermore he has to live in fear of the Thought Police, because the smallest sign of discontent with the government could make you to a so-called thought-criminal. Winston thinks that the only hope lies in theShow MoreRelated1984 by George Orwell842 Words   |  4 Pages            1984, by George Orwell, is a novel that is ultimately about a totalitarian form of government and its negative aspects that it imposes on society. The readers clearly see that George Orwell opposes this form of government because it limits not only freedoms, but the idea of freedom itself. The idea of pure freedom is shattered as we see the protagonists mission to overthrow Big Brother fail. Big Brother may have not even been real. 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Westpac Banking Corp Vs. Bell Group Ltd Free Solution

Question: Write a report about the Westpac Banking Corp v Bell Group Ltd. Answer: Facts of the Case The said case law was a result of a bond issue that arose in a company based in Netherlands called Bell Groups. In the said case, Bell Group Ltd, NV, which was a company incorporated in Netherlands took part in a bond issue. Bell Group Ltd, NV issued certain Eurobonds with an objective of on-loaning the money it raised to the Bell Group Companies (Langford 2013). The said on-loans were issued by journal debit entries to the loan accounts of the Bell Groups companies along with the Bell Group NV. The said transaction took placed without any agreement between the two companies and therefore, there was evidence of no document stating the said transaction. The said bonds were issues at the time the Bell Group Companies were suffering from financial crisis and the Bell Group Companies had taken a loan from the Banks. D Banks had advanced funds to the said Bell Group Companies on no security given by the said company. Thus the loans which were taken by the banks were on an unsecured footing (Ellinger, Lomnicka and Hare 2011). The history of these loans is that in the year 1990, the certain Banks agreed to advance and extend the Bell Groups Companies loans in return for securities and guarantees over certain assets and transactions of the Bell Group Companies (Tomasic, Bottomley and McQueen 2012). Thus, eventually, went the loan was unpaid, the banks went ahead to realize the said assets and transactions of the Bell Group Companies recovering around $283million. Liquidators were appointed for the Bell Group Companies in April 1991. The said case went on appeal. The primary issue in the Bell Group Companies case was not whether the said company failed to be solvent during the transactions, but the primary issue in the said case was whether the bank had the authority and the power to retain the funds it obtained after the assets and transactions of the Bell Group Companies were realized by the banks (Ferran and Ho 2014). Certain important points were considered before the appeal decision was taken, these points are as follows:- The bank enjoyed a priority in term of its loan against all the creditors of the Bell Groups companies The Bell Group Companys directors had breached their fiduciaryduties under the Corporation Act 2001 by giving the security to the bank The banks were aware of the said breach of the fiduciary duties of the director or intentionally assisted the directors in doing the same (Walker 2015). Directors Duties The rules and regulations made under the Corporation Act 2001 govern all the companies in Australia. Thus, the said Corporation Act 2001 has incorporated director duties which every director of an Australian company has to comply with. Section 180 to 184 of the Corporation Act 2001 discusses all the directors duties which a director has to follow in Australia. Section 180 of the Corporation Act 2001, states, that a director in a company must always exercise his authority with due care and diligence (Tumbarello and Takts 2012). Section 181 of the Corporation Act 2001, states, that the directors of a company in Australia have to exercise their powers in good faith and in the best interest of the company. Section 182 and Section 183 of the Corporation Act 2001, states, that the directors of a company must not use their position and information they possess as directors to gain any advantage for themselves, friend, relative or a personally owned company. Additionally, part from section 180-section 184 of the Corporation Act, the said Act has incorporated certain duties for a director under insolvent situations. Thus, under section 588G, the Corporation Act 2001 discusses director's duty to prevent insolvent trading by company. The section 588G of the Corporation Act 2001 states that in case an individual is a companys director when the said company incurs debts or is likely in a condition to incur debts, it is a directors duty to prevent the company from trading or conducting business (Bakir 2015). Thus, when a company is solvent like the Bell Group of Companies, the directors have the following duties under the Corporation Act 2001:- If a group company is insolvent or fearing insolvency by providing creditors with securities from individual companies from the group companies, the directors have breached their duties if they failed to consider the benefits of the transactions to the individual company (Edelman 2010). In the given situation, the directors of the company will be considered acting in an improper manner for improper purpose, if they further providing security to prevent the company from liquidation. Thus, the said act of the directors will be considered for the interest of the bank rather than the company. In case of groups companies, the directors are prohibited from entering into transactions even for the best interest of the whole group unless the transaction is in the best interest of each company individually along with its shareholders and creditors. Thus, for a director to secure companies with an intention to remove threats of single company or the entire group going into liquidation without giving regards to interest of individual companies along with its creditors and shareholders is in violation of the section 181, section 182 and section 183 under the Corporation Act 2001 (Du Plessis, Hargovan and Bagarie 2010). Thus, in the present case, the directors of the Bell Group Company acting in an improper manner by giving further security when they were aware the company is in financial difficulty. This action was in the interest of the bank rather than the company. Additionally the directors of the Bell Group Companies violated section 588G of the Corporation Act 2001 by violating directors duty to prevent insolvent trading by company as the directors of Bell Group Companies engaged in transactions with the bank when the company as almost insolvent (Du Plessis, Hargovan and Bagaric 2010). Decision The Court of Appeal overruled the previous decision and stated:- There was no documentation to establish any special arrangement which proved bank enjoyed priority to the other creditors of the Bell Group Companies. The Bell Group Companys directors by entering into their transactions with the bank have breached the directors duties under the Corporation Act 2001 and applied objective test stating that no prudent and diligent director whose duty is to act in best interest of the company along with its creditors and shareholders and for proper purposes would consider the fact that entering into any further security transaction would not be in companys interest (Bunn and Guthrie 2013). In the present case, directors also breached section 588G of the Corporation Act 2001 which states Director's duty to prevent insolvent trading by company. Moreover, the bank was aware at the time of the said transaction, that the Bell Group is insolvent and would gain no advantage out of the transaction. Thus, the banks committed equitable fraud (Tomasic, Bottomley and McQueen 2012). Additionally, the court of appeal stated that the bank assisted the directors of Bell Group Companies in their dishonest and fraudulent motives as they were aware of the directors intentions. Thus, in the said case, the directors of Bell Groups companies failed to act in the best interest of the company and acted in an improper manner violating the rules and regulations of the Corporation Act 2001 (Cassidy 2016). Thus, the judgment in Westpac Banking Corp v Bell Group Ltd is the perfect example or a reminder of the consequences that a financial institute and a companys directors can face at the time of financial difficulties (Ellinger, Lomnicka, and Hare 2011). Thus, the directors and the bank in the said case are charged with heavy penalties. Additionally, the proceeds which the bank realized in the said case were retuned back to the Bell Group Companies shareholders and creditors. The judgment in the Westpac Banking Corp v Bell Group Ltd makes all the banks in Australia aware that the Court will charge and punish any financial institute that provide further loan and obtain securities from companies which they know are insolvent or in financial difficulties. The said judgment states that the courts in Australia are not willing to overlook any breaches by the directors in a company only because the said breach looks reasonable and honest (Virgo 2015). The judgment in Westpac Banking Corp v Bell Group Ltd warns all the banks in Australia to refrain from providing loans and acquiring securities when a company is in financial difficulties and assisting the directors of any company in Australia in their act of dishonesty and fraudulent motives. Additionally, the judgment in Westpac Banking Corp v Bell Group Ltd also warns every company in Australia to have proper documentation for every transaction and provides an insight to the consequences a company can face which lacks fully documented transactions and arrangements especially regarding inter-company loans. Reference List Bakir, C., 2015. The exoteric politics of bank mergers in Australia.Australian Journal of Politics History,51(2), pp.235-256. Bunn, A. and Guthrie, R., 2013. Occupational Health and Safety in the banking industry.Legal Issues in Business,11, p.80. Cassidy, J., 2016.Concise corporations law. Federation Press. Du Plessis, J.J., Hargovan, A. and Bagaric, M., 2010.Principles of contemporary corporate governance. Cambridge University Press. Edelman, J.J., 2010. When do fiduciary duties arise?.Law Quarterly Review,126, pp.302-327. Ellinger, E.P., Lomnicka, E. and Hare, C., 2011.Ellinger's Modern banking law. Oxford University Press. Ferran, E. and Ho, L.C., 2014.Principles of corporate finance law. OUP Oxford. Langford, R.T., 2013. The Fiduciary Nature of the Bona Fide and Proper Purposes Duties of Company Directors: Bell Group Ltd (In Liq) v Westpac Banking Corp (No 9). Tomasic, R., Bottomley, S. and McQueen, R., 2012.Corporations law in Australia. Federation Press. Tumbarello, P. and Takts, E., 2012. Australian Bank and Corporate Sector Vulnerabilities-An International Perspective.IMF Working Papers, pp.1-22. Virgo, G., 2015.Principles of the Law of Restitution. Oxford University Press, USA. Walker, R., 2015. Dishonesty and Unconscionable Conduct in Commercial Life-Some Reflections on Accessory Liability and Knowing Receipt.Sydney L. Rev.,27, p.187.

Critical Analysis of Diary of a Mad Black Woman Essay Example

Critical Analysis of Diary of a Mad Black Woman Paper Critical Analysis of the Movie: Diary of a Mad Black Woman Produced: 2005 Director: Darren Grant Producer: Tyler Perry Producer: Reuben Cannon Co-Producer: Mike Upton Executive Producer: Tyler Perry Executive Producer: John Dellaverson Line Producer: Joseph P. Genier Executive Producer: Michael Paseornek December 12, 2008 Sociology 100 Critical Analysis of the Movie: Diary of a Mad Black Woman Helen McCarterhas everything that she could possibly want in life: a huge house, lavish lifestyle and a very rich husband. The morning after attending an awards banquet where her husband (Charles McCarter) receives an award for the most outstanding lawyer of Atlanta, Helen awakes to her husband not in bed on their 18th wedding anniversary. She then goes to his office to surprise him with lunch but finds him there with another woman and two kids. Helen then arrives home with a U-Haul truck parked in her driveway. When Helen goes in the house she discovers a closet full of a new designer wardrobe that she believes is a surprise from Charles. But the new wardrobe is not the anniversary surprise that she was expecting. Charles comes home that evening to tell her that he is divorcing her for a younger woman and to be with his two sons. When Helen refuses to leave, Charles has to drag her out of the house and shut the door on her. Helen is left outside the door crying and is rescued by the U-Haul driver (Orlando) that she eventually throws out of the U-Haul truck. We will write a custom essay sample on Critical Analysis of Diary of a Mad Black Woman specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Critical Analysis of Diary of a Mad Black Woman specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Critical Analysis of Diary of a Mad Black Woman specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Helen then turns to her mother, grandmother (Madea) and her cousin (Brian) who take her in and help her put God back in her life. Helen learns how to stand on her own two feet for the first time in her life. When her husband is almost killed by a vengeful client, Helen is faced with the decision of having the heart to forgive him despite all the pain he has put her through. But after much thought, she decides to marry her boyfriend (Orlando).